225 SW EVERETT MALL WAY 2018-01-02 MF Import

JUMT' S1'AR'I' ES.PRESSO BARS, INC. RENTAL AGREEMiENT THIS AGREEM�NT, made this �25� daY ��f ��y >19�•'� between Terra Firma Development f.'onipany, ?..T� ("I.aadlord") and JumP ��tart Expresso Bars, Incorporated ("Tenant"). For and in cons:deration af .he rental a��d of the co�ena.rts and agreements hereinafter set forth to be kept and performed by :he 1 cnant, Lar,dlord hereby rents to Teuant and Tenant rents from Landlord the Premises herei�� described for the .em:, at the re�ta! and subject to an upon the terms, covenants and a��ee�+-�ents herf,in��te� set �br±�. 1. Premises: Landl�rd hereby renls to Tenant and Tenant hereby rents from Landlord certain real property in the Ci'�y of Everett, Coun!-� of Snohomish, commonly knovm as a portion of Snohomish County Assessor's accour;t number 242804-1-Q�3-0007 being a portion of Lot 2, City of Everett Short Plat number 23 06 and described as a trwct o� I;md 40 feet north and south along the east line, 60 feet M/L north and �oi�ih alofig the wes� tine, and 50 feet east and west contiguous to the northerly margin of the sidewalk fronting Everett Mall Way at the, evisting curU cut. See attached sketch. 2. Term: The premises are rented for a term of 11 months, commencing on J�me 15, 1993 and month to month thereafter, unless ternunated sooner pursuant to this agreement. 3. Minimum Monthly Rent: Tenant shall pay rent in the amount of $350.00 per month or 5% of gross sales, whichever is n.,,reater, on the fifteenth day of each calendar month to Landlord. Commencing ��rith the payment of rent for the second month of occupancy and monthly thereafter, Tenant shall provide Landlord with a statement showing the amount of the gross sales of the previous month. The amount of gross sales in excess of $7,000.00 shall be mui:iplied by 5% and that amount added to the monthly minimum rent of $350.00 paid to Landlord. Payment of rent shall be in the fortn of a check made payable to Jack Cole P.ealty Corp. 4. Security Deposit: Concureent with Tenant's execution of this agreement, Tenant shall pay to Landlord the sum of $350.00. Refund of all or a portion of the security deposit is conditioned upon Tenant's compliance for timely paying rent, repair of any damage to the property, Ieavine the property in a neat and clean condition, and full payment of all utilities. Within 14 days of date Tenant vacates the property, the Landlord will give Tenant a full and specific statement of the basis for retaining any of the above deposit, together with a check for any refund due the Tenant. 5. Utilities: Tenant shall be responsible for payment and connection for all utilities for the premises includin� but not limited to electricity and garbage collection. 6. Tenant Obligations: (a.) Tenant shall keep the premises in a clean and sanitary manner. (b.) Tenant shall dispose of rubbish, garba�e and waste at reasonable and regular intervals. (c.) Upon termination of this agreement, Tenant sh�ll leave the premises in as good a condition as it is upon esecution of this a�rzement 7. Sub1eC Tenant sha(I not sublet the premises nor assi�n this a�reement without the prior written consent of the Landlord. 8. Landlord Obligations: Landlord sliall be responsible for payment of real estate ta�es and assessments for the premises.