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10. EXCEPTIONS <br />As referenced on the "Request for Proposal' page 19, 2.14 Base Rent 3'd paragraph, we <br />respectfully propose the following percentage and term change: <br />"After the 2"d year, Base Monthly Rent shall be subject to annual increases, in the Consumer <br />Price Index ("CPI') on the first day of the month of every year anniversary of the Lease Term and <br />such revised amount shall be referred to herein as the Base Monthly Rent. The sum so <br />calculated shall constitute the new monthly Base Monthly Rent until the following Rent <br />Adjustment Period. In no event shall such new monthly Base Monthly Rent be less than the Base <br />Monthly Rent for the prior Rent Adjustment Period or represent an increase of no more than <br />three percent (A) from the Base Monthly Rent of the prior Rent Adjustment Period. <br />WE HEREBY CONCLUDE OUR PRESENTATION AND WOULD WELCOME ANY QUESTIONS AND <br />CLARIFICATIONS YOU MIGHT HAVE. <br />' Z4? <br />Judith Reyes <br />Page 8 of 8 <br />Date <br />Date <br />PANTHEON GASTROBAR-RPP# 22-09-01 <br />444 <br />