05/18/2020 BOARD OF SELECTMEN Agenda Packet

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9. Extra Ch Tenant.will pay its full Tenant's Pro-rata Share (define'd m, Section 3.1 below) of extra charges, ffirluding Common Area Maintenance Expenses, Taxes, marketing fijnd,and waste water at$12.7 1 sq./ft. 10. Porcent gt Q 11A _R e n t lnitial'Teryn: Y6ar 1: 4%of Gross Sales in excess of$384,952per year Year 2 4%of G ross Sales in excess of$390,268per year Year 3 4%of Gross Sales in excess of&405,5 85per year Year-4 4%of Gross Sales m' excess of$420,902 per year option year 1 Year 5 4%of Gross Sales in excess of$43 0,2 18 per year option year 2 I 1 8 ecurit-y D $2724.09 12.. The guaranty of this Lease that. is attached hereto as 'Exhibit C. The guarantor under the Guaranty is referred to as the"Guarantor". 13. Rojus RegrioC Because of the importance of the Perocittage Rent, Tenant agrees that during the Term of this Lease neither Tenant,nor any affiliate offenant;shall,operate another similar store within ten(10)miles of the Shopping Center. Section 2. Prembes. 'Landlord hereby leases the Premises to Tenant,for the Ternijoginn-ing on the Commencement Date. In comiection with.its use of the Premises,Tenant may use,on a non-exclusive basis, such "common -areas" as aro ftom time to time -available for the common use of Tenant and other tenantg. Landlord is delivering the Premises to Tenant in its "as-IV condition, witbout-any represeAtation or warranty froin Landlord with regard to the condition of the Premises. There are no known defects, Landlord shall not be required to perforin any work to,the Promises or the Shopping Center or the Promises to prepare for TenanVs occupancy. Tenant shall.perform all work to prepare the Promises for the qP eration of Tenant's business, sueb work to be performed in accordance with the,provisions of Seotion 6.2 hereof Landlord will repaint the interior walls and calffing white. Section 3. 5-e—ction.31 Gem- Ja. Tenant shall pay the Minimum Rent and Percentage Rent as well as all Extra Ch4rges. The rents and charges that are in addition to the Minimum Rent are' ref erred to as the "Additional Renf', The Minimum Rent,tipgother with the Additional Rent, is referred to as the'%enf'. Tenant shall pay the'Rent in monthly installments,M' advance on the first(I st)day of each month, Notwithstanding the foregoing, (a) any items af.Additioral Rent that are.not payable on et regular monthly`basis shall be paid to Landlord within ten. (10) days after demand, and (b) Percentage Rent shall be due on the tenth (10t") day of every mondi after the breakpoint for the applicable year has been reached. The Rent shall commence on the Commencement Date. The Ront for any Partial calendar month at the begbining or end of the Term of the Lease shall be prorated on a.daily basis. The Rent shall be payable to Landlord or, if Landlord shall so writing,in direct ir 1 & to Landlord's agent or nomlne:e,at the offloe of Landlord or such place as Landlord may designate,lent and any other sums due hereunder not paid when due shall bear interok at the lessor of: (1)four percent(411/6)por annum above the 2