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LEASE EVERETT <br /> This Lease is made as of May /d , 2021, between the City of Everett, a <br /> Washington municipal corporation ("Landlord"), and Jasmine's Coffee LLC, a Washington limited <br /> liability company ("Tenant"). <br /> 1. BASIC LEASE PROVISIONS. The following definitions and provisions apply and are <br /> part of this Lease: <br /> Base Rent Effective Date until December 31, 2021: $1,450 per month <br /> January 1, 2022 to December 31, 2022: $2,250 per month <br /> January 1, 2023 to December 31, 2023: $2,317.50 per month <br /> January 1, 2024 to December 31, 2024: $2,387.03 per month <br /> January 1, 2025 to December 31, 2025: $2,458.64 per month <br /> January 1, 2026 to December 31, 2026: $2,532.40 per month <br /> Security Deposit None <br /> Building The building commonly known at Everett Station located at 3201 Smith Ave <br /> in Everett, Washington, in which the Leased Premises is located. <br /> The legal description of real property on which the Building is located is <br /> attached as Exhibit A. <br /> Leased Premises Café suite on the first floor of the Building containing approximately 1,227 <br /> rentable square feet, as shown in the depiction attached as Exhibit B. <br /> Term From the Effective Date to December 31, 2026. The "Effective Date" shall <br /> be the date of last signature on this Lease. <br /> Extension Term The terms and conditions of Extension Term(s), if any, are provided in <br /> Exhibit C. If there is no Exhibit C, then there are no Extension Term(s). <br /> Approved Use Cafe use only <br /> Special None <br /> Termination <br /> Right <br /> Landlord Notice Real Property Manager <br /> Address City of Everett <br /> 3200 Cedar Street <br /> Everett, WA 98201 <br />