03/02/2020 BOARD OF SELECTMEN Agenda Packet

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LEASE AGREEMENT This Commercial Lease Agreement "Lease"" is made as of the"Execution on.: set forth on the signature page hereto,by and between MODI LLC having a notice address of Arcle,Mashpee,Massachusetts 02649 ("Landlord") and Magni Inc, a Massachusetts corporation company,having a notice address of 348 Main St. Mash gee MA 02649 ("Tenant" . Tenant's Trade name is Cape Cod Coffee ("Trade Name"). This, is a NNN lease. S the following, terms shall have the fallowing,ection 1. Basic Lease Ter�ms. As used in this Lease,, meanings-. 2. Premises*. The approx.9,93 8 square feet of space located at 10 Evergreen Circle,Mas,hpee MA 02649 and identified as Space on Exhibit A to this Lease. 3. Term Commencement The date that Tenant opens for business Date: 4.Rent Commencement Date: The date that Tenant opens for business. 5. Lease Year: The first Lease Year shall be the period beginning on the Tenn Commencement Date and ending on the last day of the twelfth(12111)full calendar month following the Rent Commencement Date.The following Lease Years shall be the successive twelve(12) full calendar month periods thereafter. 6. Term Twenty (20) Lease Years, 'beginning on the Term Commencement Date, plus any , duly exercised Extension Term(s). 7. Extension Option: Tenant shall have the option to extend the Term for One(1)"Extension Term(s)"of five(5)years per option,provided Tenant gives,at least twelve(12)months advance written notice of its exercise of the option, and provided Tenant is not in default. 8. Permitted Use: As a coffee roaster and cafe,or any other similar use, and for no other purpose. 9, Minimum Rent: Initial Tern? Minimuni Rent Lease Year 1 $27.17 sf ($,22,500.00 per month) Lease Year 2 $27.77 sf($,23,00�0.00 per month) Lease Year 3 $28,38 sf ($23,500.00 per month Lease Year 4 $28.98 sf($24,000.00 per month) Lease Year 5 $2 .5 8 sf($24,5 00.00 per month) Lease Year 6 $30.19 sf ($25,000.00 per month) Lease Year 7 $30.79 sf ($25,500.00 per month) Lease Year 8 $31.39 sf($26,000.00:per month) Lease Year 9 $3�2.00 sf ($26,500.00 per month) Lease Year 10 $32.60 sf($2 , . per month) Lease Year 11 $33.21 sf ($27.500.00 per month) Lease Year 12 $33.81 sf($28,000�.00 per month) Lease Year, 13 $34.41 sf ($28,500-00 per month Lease Year 14 $3 5.02 sf($29,000.00 per month) Lease Year 15 $35.62 sf($29,500.00 per month)