Poulsbo Packet 3.28.23 v. 1

Page 2 of?

Tenant sh�ll operate a donation station, collecting goods from the public, and a retail store, selling donated and new items. Tenant shall have the exclusive right in the property to operate a donation station, collecting goods from the public, and a retail store, selling donated and new items. To be further defined in the Lease. Leases shall be contingent upon Landlord securing use waivers from Home Depot, Walmart. Tenant Agreed 1-20-23 Lease shall commence upon Landlord and Tenant fully executing a Lease and Premises being delivered to Tenant. Base Minimum rent shall abate until the earlier of i) Tenant opening for business or ii) Tenant securing its Certificate of Occupancy, but in no event longer than nine (9) months after Mutual Lease Execution and Premises being delivered to Tenant. Triple Net payments shall commence When rent payments commence. T

6.

Use

Exclusive Use

7.

�

8.

Lease Commencement

9.

10.

Rent Commencement

11.

Base Minimum Rent

Base Rent Amount $16.00/sf, plus NNN suite 300 $17.60/sf, plus NNN suite 300 $19.36/sf, plus NNN suite 300 FMR, plus NNN

Time Period Years 1-5 Years 6-10

$16.00/sf plus NNN suite 101 $17.60/sq plus NNN suite 101 $19.36/sq plus NNN suite 101

Option Years 11-15 Option Years 16-20

In addition to Base Minimum Rent Tenant shall pay their proportional share of real estate taxes, building insurance and common area maintenance as additional rent. Triple Nets shall not exceed $6.00 square foot per year in the first lease year of the Lease. Increases to controllable expenses of NNN shall be capped to no more than five (5%) annually, non-cumulative. Upon Lease signing, Tenant shall pay an amount equal to the total of Base Minimum Rent plus NNN for the first (1st) month of the Lease.

12.

Triple

13.

Prepaid Rent