Exhibit 10.7(f)
FIFTH LEASE
AMENDMENT
Between:
KENT CENTRAL,
L.L.C.
and:
TULLY’S COFFEE
CORPORATION
This Fifth Lease Amendment (this
“Amendment”) is dated November 1, 2002, and is
attached to and made a part of that certain Lease dated
August 16, 1999, as amended by that certain First Lease
Amendment dated December 17, 1999, that certain Second Lease
Amendment dated June 6, 2000, that certain Third Lease
Amendment dated November 7, 2000, and that certain Fourth
Lease Amendment dated February 21, 2001 (collectively called
the “Lease”) by and between Kent Central, L.L.C., a
Washington limited liability company (“Lessor”) and
Tully’s Coffee Corporation, a Washington corporation
(“Lessee”) covering premises located at 3100 Airport
Way South, in Seattle, Washington (the “Premises”). The
Premises are more particularly described in the Lease.
The terms used herein shall have the
same definitions as set forth in the Lease.
In consideration of Lessor’s
and Lessee’s agreement to substitute a Promissory Note for
reimbursement of certain costs referred to in the Fourth Lease
Amendment, together with the mutual covenants and promises
contained in this Fifth Lease Amendment and the Lease, Lessor and
Lessee agree as follows:
1.
Section 3,
“Rent”: Effective on November 1, 2002, the Base
Rent as provided in Section 3 of the Lease and as modified in
the First Lease Amendment, the Second Lease Amendment and the
Fourth Lease Amendment is hereby further modified to the
following:
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Base Rent:
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November 1, 2002 through May 14,
2005
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$51,033 per
month
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May 15, 2005 through May 14,
2010
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$58,688 per
month
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2.
Section 2,
“Term”: In the event Lessor desires to terminate this
Lease, the Term of this Lease shall terminate on the termination
date which Lessor gives in a written notice to Lessee; provided,
however,