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location for other uses, Landlord shall be entitled to do so and to utilize said buildings its own use or for rental to other tenants. ARTICLE 2 TERM Section 2.01 (a) The initial term of this lease shall be Ten (10) years. This Lease shall commence on the Commencement Date and terminate on July 1St , 2031 (the "Original Lease Term"), unless sooner terminated as hereinafter set forth. The "Lease Term," as such term is used herein, means the Original Lease Term as extended (or as may be extended) pursuant to Section 2.02 below, unless sooner terminated as hereinafter set forth. (b) This Lease shall be deemed to be in full force and effect upon the Commencement Date. Tenant shall be deemed to be in possession of the Demised Property upon the Commencement Date. Section 2.02 (a) Tenants shall have the option to extend the term of this Lease for Two FIVE (5) year periods upon and subject to the terms set forth below in this Section 2.02. The first option period (the "Option Period") shall commence at the expiration of the Original Lease Term. The Opti (b) on Period shall continue for a period of 5 years from and after the commencement date of such Option Period. Except as otherwise expressly provided herein, all the terms and conditions of this Lease applicable to the Original Lease Term shall continue to apply during each Option Period. In no event shall Tenants have any options to extend the term of this Lease except as expressly provided herein. A notice delivered by Tenants to Landlord in order to extend the term of this Lease for any Option Period pursuant to the terms hereof is referred to herein as an "Extension Notice". (c) The base rent for the Option Period shall be the fair market rate for rentals of like kind property in Stockton, California, and surroundings, at the time the Option is exercised. The parties shall attempt to negotiate the fair market rents at the time of the exercise of any option, but they are unable to come to an agreement they shall submit the matter to a judicial referee, pursuant to Article 26, for determination or, if both sides are in agreement, to a neutral third party for determination. (d) To extend the Lease Term for the First Option Period (i) Tenants must and shall deliver to Landlord an Extension Notice not earlier than twelve (12) months prior to the expiration of the Original Lease Term and not later than two (2) months prior to the expiration of the Original Lease Term; and (ii) as of the date such Extension Notice is delivered to Landlord, and as of the date the First Option Period is scheduled to commence, there shall be no existing Event of Default under this Lease. (e) Without limiting anything contained in Section 36.02 hereof, time is of the strictest essence in the performance of each provision of this Section 2.02. Either party, upon 2