8863-16 lease agreement with Cleveland Clinic for 1450 Belle Ave Suite 300

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OFFICE LEASE This Office Lease (the "Lease ") is made as of the 190' day of April, 2011, between LAKEWOOD HOSPITAL ASSOCIATION, an Ohio non- profit corporation ( "Landlord ") and THE CLEVELAND CLINIC FOUNDATION (OBGYN), an Ohio non - profit corporation ( "Tenant "). 11 2. 3. PREMISES In consideration of the rents, terms, provisions and covenants of this Lease, Landlord hereby leases unto Tenant and Tenant hereby rents and accepts from Landlord those certain premises containing approximately 4,701 rentable square feet, located In Suite Nos. 300, 310 and 330 on the third floor, which premises are outlined on Exhibit A attached hereto and made a part hereof (the "Premises "), and which Premises are contained in that certain building known as the Lakewood Community Health Center located at 1450 Belle Avenue, Lakewood, Ohio (the "Building "), The Building, together with the land on which it is situated, and all other improvements located thereon are collectively referred to herein as the "Property ". Except as otherwise provided herein, Tenant shall have full and unimpaired access to the Premises and on a non - exclusive basis to the common areas of the Building and the Properly. From and after April 19, 2011 through and including June 30, 2011, the Premises should consist of only SUltes 300 and 310 (a total of 4,611 rentable square feet); on July 1, 2011, Suite 330 (90 rentable square feet) shall be automatically added to the definition of the Premises. TERM 2.1 Term: The term of this Lease (the "Term ") shall commence on April 19, 2011 (the "Commencement Date ") and expire on April 30, 2016. The expiration of the Term or sooner termination of this Lease pursuant to its provisions is referred to herein as the "Lease Termination". 2,2 Holding Over: If Tenant holds over beyond the expiration of the Initial Term or of any extended Term, Tenant shall be deemed a tenant from month -to -month subject to all the terms of this Lease except that the monthly base rent for such holdover shall be 150% of the monthly base rent which was payable by Tenant to Landlord for the last month of the Term prior to such expiration. Nothing herein shall relieve Tenant from vacating the Premises at the end of the Term or any extension thereof, or earlier termination thereof, and Tenant shall be liable to Landlord for any damages which Landlord may suffer as the result of Tenant's failure to vacate the Premises on the date required herein. la "I 3.1 Base Rent: Tenant shall pay to Landlord at Landlord's office or at such other place as Landlord may from time to time designate in writing, as Base Rent for the Term, annual Base Rent as follows: Years Annual Base Rent Monthly Installment 04/19/11 — 06/30/11 $80,692.50 $6,724.38 07/01/11 — 04/30/16 $82,267.50 $6,855.63