01/28/2019 BOARD OF SELECTMEN Agenda Packet

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COMMERCIAL LEASE THIS LEASE AGREEMENT made on the `-) day of __7y_Gh tt a"c/ , 2018, by and between Kevin Andrade,Trustee of Summerfield Park Realty Trust,with a mailing address of --- t gli_"74 ,Ad �y r�,��F'�. , Massachusetts az CM (hereinafter referred to as "Landlord") and CCE-CAT LLC 35 F South Street,Mashpee, MA 02649 (hereinafter referred to as "Tenant"). WITNESSETH.• That in consideration of the rents and covenants herein set forth, the Landlord hereby leases to the Tenant and the Tenant hereby rents from the Landlord, office space measuring approximately 3525 square feet, identified as Units 10 1,102 and 103 at 800 Falmouth Road Mashpee,MA 02649 (hereinafter called the"Leased Premises"). This Lease shall be subject to the terms and conditions as set forth:in this Indenture of Lease. 1. USE: The Tenant shall use the unit in conjunction and association with a marijuana dispensary business. This shall include the manufacture and sale of cannabis and cannabis related products. The tenant shall not use or permit the Leased Premises to be used for any other.business or purpose without written consent of the Landlord. 2. TERM: The term of this Lease shall be for a period of Five years commencing on January 2, 2019 and terminating on December 31,2024. Tenant will have two,three year options to extend this Lease past the above-mentioned term under the current terms and conditions contained in this Lease. Tenant shall give Landlord a ninety(90) day notice in advance of the expiration of the original three-year term and any extension periods entered into to iTiform Landlord of Tenants intent to exercise its option. Lack of proper notice shall constitute a forfeiture of Tenants right to extend. ** SEE PARAGRAPH 31 BELOW RELATIVE TO COMMENCEMENT OF LEASE AND RENTAL PAYMENTS. 3. RENT: The Tenant covenants and agrees to pay to Landlord, in equal monthly installments as rent for the Leased Premises during the term of said Lease, the suras as follows: Year 1: Payments to be made in accordance with Paragraph 31 herein; Year 2: $56,400 to be paid in equal monthly installments of$4,700; Year 3: $56,400 to be paid in equal monthly installments of$4,700;. Year 4: $59,925 to be paid in equal monthly installments of$4,993.75; Year 5: $59,925 to be paid in equal monthly installments of$4,993.75; Rent in option years shall increase by 3% annually.