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E. 4 delivery:to the Lease as between the parties,the parties shall execute,a confirmationletter; confirming the exact Commencement Date and,Expiration Date for the Lease and setting forth the specific due dates for the payment of Rent as set forth in Paragraph 3 below. Lessor'shall deliver possession of the-Premises-to Lessee on>the Commencement Date; provided,however, that Lessorrmay-withhold_delivery:of possession thereby,delayuzg commencement'of the Term-of,this Lease for.a.period of thirty{30)-days without liability to Lessee for any loss,costs or damage resulting from such delay and without impairing the binding. effect of this Lease. If possession is not delivered by the end of said thirty(30)day period, Lessee shall have the right to terminate this Lease by giving written notice to Lessor prior to Lessor's delivery of possession of the Vrermses,:to Lessee If the Lease is not so terinitiated;the Term shall.commence om the date.po session•of the Premisesrs;delivered to Lessee a In no event, however, shall the Term-hereof continuebeyond'the;Expiration Date set.for;h above,except•as the same may be extended from time to time as provided herein.. 3. RENT. - • . • i (a) Initial Rent; F_uture:Adlustments.. (i) If Lessee does not install a pond on the Premises at any time during the first consecutive 60:-,months period of the Term,the:total::rent to.be paidsbv Lessee-to Lessor..for the m Premises for.the first sixty_(00)months,of.the.Term is the.sum of Forty,Se'ven.Thousand Seven ,Hundred Thirty Dollars($47;730){"Rent'-');based upon a rate.of$200 per acre,,per year-for 47.73 acres, which shall be,payable, in advance,.as follows:; . >. $4,773 A0 due and payable on or before the exact Commencement Date; $4,773.00 due and payable on or before the 6h month:following the Commencement Date; $4;773:00'due-andpayabieion w before the 12�:month following the Commencers . Date; $..4,773 00 due.and payable.on or before the 18`.'.vmonth following the.Commencement.Date; ;, $4 773:00.due and:payable-on or before the=24m month,foll' the Commenceinentrl ate; $4,773:00=due and payable on or before the:3&,;month following the°Commencement Date; $4,773.00.-due and-payable on or before the 36' :month following the Commencement Date; $4;773.40 due and payable:on or before the 421 ;month.following the:Commencement Date;; $4;773.00 due and payable ori or.before the 48 ',month following the Commencement Date; $4;773,00 due and,payable on:or before the 5411 month,following the'Commencement'Date.. Lessee installs a°pond on the^Prernises at any time during the first consecutive 60-months.period of the.Term,then the Rent shall be increased to a rate of$225 per acre per year.for the 47.73 acres, which increased rate shall become effective on the first month following Lessee's commencement of work for installing the pond and continue'for the remainder of thefirst 60-months period of the Term. To the extent Lessee has'paid-any,portion of the Rent in advance for any months following comrnencement.of work fol'-installing the;pond, Lessee shall pay.to Lessor,on the first month•following Lessee's commencement:of workfor installing the pond;the amount representing`the;difference in:rental rates applicable for-such -2- s387057>4 •