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<br /> <br /> <br /> <br /> Reference Date: _April 7, 2006 <br /> Tenant's Initials: Landlord's Initials: <br /> ? The base rent shall be as follows: <br /> <br /> The base rent shall be: <br /> ? Inclusive of all operating expenses; OR <br /> W Net of all operating expenses; <br /> ? Inclusive of operating expenses for the base year, with Tenant responsible for increases in operating expenses over <br /> the base year; <br /> Payment of base rent shall commence on the following date (the "Rent Commencement Date") (or the ? earliest ? latest of <br /> the following dates, if more than one date is checked): <br /> GI The Term Commencement Date set forth above. <br /> ? or the date that Tenant opens for business, whichever is earlier. <br /> ? the date that Tenant opens for business. <br /> s) CONCESSIONS ? Applicable lif Not Applicable <br /> A. Rent Abatements: ? Tenant shall be entitled to a rent abatement as follows: <br /> <br /> a. Other: <br /> <br /> P) SHARED EXPENSES IV Applicable ? NotApplieable <br /> A. Estimated Percentage Share: ? percent ( 5.66°/x) Wto be determined <br /> s. Estimated Shared Expenses: <br /> [tJf $ 0.50 (estimated) per rentable square foot per month. <br /> c. Commencement Date of Shared Expenses: <br /> [i( the Term Commencement Date. <br /> ? the Rent Commencement Date. <br /> io) TENANT IMPROVEMENTS <br /> IV Tenant improvements: Any improvements, alterations, or construction to the Premises (except as otherwise provided <br /> m his section) shall be at Tenant's sole expense and shall be in conformity with the terms of the lease and (if checked): <br /> [Y the specifications attached hereto as Exhibit , <br /> ? Tenant improvement allowance: Tenant shall receive a tenant improvement allowance in the amount of <br /> ? $ ? $ 20.00 per rentable square foot on the following terms: <br /> -Landlordloaraortiz- h2l2nse Of TQA2At hApr(%VQMGAtS cuter term of lease at prima ph -a ana <br /> 5( Landlord improvements completed: Landlord improvements to the Premises are completed. <br /> ? Landlord work: Landlord shall do the following work on the following terms: <br /> <br /> ? Other: <br /> <br /> <br /> HAWAII GENERAL EXCISE TAX <br /> Tenant shall also pay with each payment due under the lease an amount equal to the Hawaii general excise tax or any <br /> successor tax assessed against Landlord on such payment. <br /> 12) SECURITY DEPOSIT 1V Applicable ? Not Applicable <br /> Upon d execution execution of the lease ? execution of this Letter of Intent, Tenant shall deposit with ? Landlord [i(Landlord's <br /> Broker a security deposit equal to the following: <br /> 5( one month's base rent. <br /> G? plus one month's operating expenses <br /> d plus General Excise Tax (GET). <br /> C 2000 HAWAII CCIM. ALL RIGHTS RESERVED. Any unauthorized copying, transmission, display, uploading, distribution or Page 3 <br /> adaptation is strictly prohibited and will result in liability of up to $150,000. Permission to photocopy denied. <br />