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�1 i_i 1��
<br /> ' LEASE AGREEMENT
<br /> TNIS'�_�AAF A�.RFEA7FN�;"Leace'i is rcaAe by a��A n�nveen I andlnrd(as her�;na'ter de�5ned)aic t�nart(as hereir.af�er d?fired);
<br /> PART7E5: DEMISEO PREMISES:
<br /> Landlord:Merctar_s Statieai LLC. Shopping Center Name: Merchan-.s Scua�e
<br /> a Delawara I��rited'��.iatil�v comua�v
<br /> Shopping Center CitylState:Zepn�rh 11;.Fbnca
<br /> Tenant ���,
<br /> t'�FI*xi � �� Unit Number: 3 Square Feet �a�proxirrateic 1.600
<br /> drb(a: The 3reak`ast Sta7cn
<br /> �' i .,
<br /> Effective Date:shall nean the dale this Lase is f�.11y eeer�ed by hcth Tenznt ar.d'�_andtord.
<br /> Commencement Oate: _�ai���.m=_an'he da:e o-whL-h�ossession o`tFe Demised Frernisas is deivered by Larjl�rn tc-e�ant.
<br /> Fized Minimum Rent Commencement Date�,shall mear one h��dred CNsnty;12;�da✓s a!±er=.he date the Drmise�Fremisas s cel�-.rered fc Terant,
<br /> c>r,he cate?enant ooens!or c�s+ne=5.�ti!-�ech2ver'S socne;.
<br /> Expiretion Date:s�all m=ar�,the la<_i da•;�`th=_one h�rd�•_d twenti�th(120ti;fu 1 caiender mcnth aka thc Fi.ed M;rimum Re�l��mr�en�enent�ate.
<br /> �+'i:ess Soo�e•:erm natea as Fereina`�er�r�vided
<br /> FIXED MfNIMUM RENT`:
<br /> ti"O�7�Cr ' INITIAL EST�MATED PAYMENTS OF ADDITIONAL 12ENT':
<br /> MCN7H� � AVNUFL INSTALLIWENT � CAt�A� $286.35 ?ermenth ��
<br /> �� 1-7: +�79,920.00 57,660.00 ' Real Estate Ta�_..__..._bi6�Pe�m':Mh '�..
<br /> _ - --
<br /> 13-48 520,750.04 �. 51,729.1? ' t Insu�r3nce�. _ �_ $15730 Per monm ��
<br /> 49-60 ;21,57996 '� 51;798.33 ' . .. --- . .... ...... �
<br /> �. 61-72 $22.410.00 51.867.50 �
<br /> -- �
<br /> �.' _ 73-108 b21.240.04 I $1,936.67_. �
<br /> ' �09-120_ .�_E24,069.96 -52.005.83 �
<br /> `4�v parh�i m��nth a(the beg�nn ng �f Ihe Term,shail b?pror�t�d e[She 5rs'�nonih�s rental ate.The Fbs!Mentt's 4=�[Amount shafl be pald uron
<br /> TCII�I��.:S cXS�:l��.0�.
<br /> Renewal Term:shaM mear�two(2�opiions�.v�e��ew this Leeme fur an a<1di:ioral f�ve(5)years(calfec;:ve'y kmwn as"R=newal Te�m-j. Ani Fenewal
<br /> l�erm sha�J wmrrence a�fomaiicaNy wi?hout notice cy T?f13��UDG�the first cay she�the last day o'thc then-existir3�erm cf?h�s Lease upor ;he
<br /> (oi�aHino cend�tS�ns- �,'f)�_anclor9 sh34'not haae rece�:�d wntten notice ef Ter,artYs efectioa not t�exercis>fhe apclicable reneNal o�tlo�af�easi[hree
<br /> tun7red any s�.ziy-five(365)days pncr to�.he ex�iraton oP he inen-existin9 7erm oi this Lease:Q�no e�•eni ef C�,£aull by?�nant shaq ecist a;tYe t me ot
<br /> ccrcme�czm=N o�any Rene�aal Term 6econc the ap�4cabie cure cerod:ane�.3)all terns.covenant;.:.nd c�ndi:ior�of this�zase ar:sec for,h fo"he
<br /> ini!iaf Term of-his Le�ase shaii preva�,i in-he app�icab e Rerewal Term exc=pt Mat(i)tne Term of thas Lease sF„IS he oztenced inr?ne ao�l canls Ren=�+�al
<br /> ��"erm ar�{6 s Fixed:'i��rrum Rent du�ing:he apo'�cab'�e Rerewa���Tern shatl be as szt f�rth�ere r.
<br /> FIRST RENEWAL.TERM PIXE�MINIMLIM RENT. �
<br /> ' PA��fJTHS � A,'JNUNL ���5 ALIAJE-JT
<br /> __.
<br /> ...1-'12 �. $24,900.Q0 52,075.00
<br /> ; 13-60 �. 425,730.04 52,14d.17 �
<br /> SECOND RENEWAL TERM FIXE�MINIMUM RENT:
<br /> I. . .. . , .. . -------i
<br /> P.10NTH5 AN�lUAL '�. f��QNTHLV
<br /> � � INSTAI.LMEN-
<br /> t-12 526,559.96 $2.213.33
<br /> ' 1?-60 , 528.220.04 $2.351.67
<br /> Pasco County Rent Tax:seve��ercent�'�?',�Fer rc����:
<br /> Secu�ity Deposit.s-iali�nean 5226:18
<br /> First Month's Rent Amount:soall rrea^,52 2672fi
<br /> Permitted Use:sha�i cir,a:�i!u- tl-e opera?oo cf a�esta�ran�serving hrezkfzst and I�nch American Cuis�ne,and`cr no�?her�urpcse. �.f locai�odc
<br /> reaures Tenam to instetl�grease irap in�hc 7emi:z�Fremises.Tenan!shaN do so a:i;s sele cost a��d espense a�d prov�de to Landinrci evdence inat
<br /> �he greas��rar��s�ei�r rbane�ou+rn a�varPrly tw�sis. Te�an*shall�roviAe all services in keepirg wHt ai.�local.municipal.stats anc fede�a'�,t��us
<br /> -znart is eepressly p�ombited trom salling ar,y aicoFol. -enarn.is expresslv�roir.bited�rom werafing as a cafe'eri3.
<br /> Rent Payment Adtlress:Me��shants Sta�!��LL�.P��Bcx 1005'E.Atlanta GA 3C3&4-0573.
<br /> Notice Address:
<br /> FOR LANDLORO� WITH A COPY TO� FOR TENA#Z: � i
<br /> n1erchants Stahon LLG Legal Sefrices ..1,a.��� . ,, 1,;, '�-'• .
<br /> �-t='
<br /> Pcbe�t r.N��yeis.�OC ?ailkps Edison 8 Comoa�y 1eC23 Gr gor�Street '-�� ,
<br /> ' S��t V�Rnl3ke Jm�� '1501 Northlate'Jrive SFnrg HiIL Roritla 3�F09 �
<br /> Caicinr�a'i.D�ioa5i19 Ci�ci�nah.Jao�52Jy _a_. _.a�p,;,_.. s�,;,c:n�� r..3,:���.g�
<br /> 'be fo-:lov�i�ig ara�nccrnorated as oart o(the�ease as fi>et(orth fu ly herain
<br /> A. General_ease 7erm=_
<br /> P. Sit�Plan ExhiEib 4
<br /> . Authorzalon Agrasment frr'�r=.arr;�n,�ement Pay�nenfs(nGudi�y a vaded cneckl
<br /> � Guzranty(i(requiretl check trcxi
<br /> =cNERAL�EASE TFRhAS
<br /> t L=FSE OP DEMISED PREMISCS.in co�.sderadon ef Ren�l0 6e paid b��Tenani arti ef tFe covenants anc agreemeets heieir cortain=c.
<br /> and etrer guod anc vaivable corsae-ation.T=na�t does hereCy lease frcm�_ancl�rd thF Dem 5=A Prenis�s. 'Inrtizi T@rm��sha��l mean the'.:m?
<br /> pe�i�.from the date on x�hich Fossess���an cf!te Der�ised��emises is tleGvered by Lznd.ord to Teriant thrcugh the Ezpira:ior Daf=.'Terr,'sha!I
<br /> mea�i tfee Ic,:idi Teu�i olus any re�ewal ar exterarn fhe�eof.The aporoxima'e ocaticn of the D�mised Premises is shoom en t�Er a:tached site
<br /> p12n.
<br /> �. CON��hGENC"-T��V4VT� PERMITS. T���s Leasc s continoer?�po� 7cna-t obtainrg atl ���r.enses aed permiis -equred for the
<br /> opa�a:ion of Tenants ouciness tor the Pe�mi'ted Use. P.ovineti fhal T>nant promptly apphes `or suct Ifcenses aatl permrts and uses
<br /> cnmmerc�al'y reasona7le efforts[o ob:afr such i��ce�ses ard Dertniis,i�the ever:l lhat TenaN does nct ob:ain all such licer�se-s and oem-�its
<br /> withm si:t,(6C)da�s afte�Landlo•ds executior of tis Lease'=_uch pznoc being cnown as:he`P�rmic Pericd").T=narr shal���hzve t^.e ri3ht to
<br /> terzrmate hi<�ease upon wmter ro[cz to_andord.w7..ch netce shall be deliv=red within Mro(2;tlzys aft2r the exp��.raliun o'1he Fermd Per.od.
<br /> arci��n!te eve�c liiat such neti;;e is de�ivered,tfi s lease snaL terminale as of the daie of_andlo�d'�rec=iol oE such rrocice_ in the e�er,t fhat
<br /> Tt;nant fais b notify Landbrd un]h�r!wo;21 days after Ihe ex�irat:On of tre Permit Fenod:tat Tenart�s er:erdsing Ihis 1=rminato��i agh!,Tenant
<br /> shali ce tleemec to have wavea the cenhngcncy ano:erm natior ngh?u�tler mu Se�Ucn 2,and this Section 2 shad be oeemed,oll�vuiJ.ard o`
<br /> no f�rther force o�etfecL Lardlord shall nei t.�oLliyatad to commence ary Landbrd'Poor.�.urCd tfis Secta^�.2 h�s been wai:ed cr satisfied by
<br /> 'enan[.
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