Exhibit 10.7(b)
FIRST LEASE
AMENDMENT
Between
KENT CENTRAL, LLC
and
TULLY’S COFFEE
CORPORATION.
This First Lease
Amendment dated the 17 th day of December, 1999 is
attached to and made part of that certain Lease dated
August 16,1999, (the “Lease”) by and between Kent
Central, LLC., a Washington limited liability company, hereinafter
called Lessor (“Lessor”), and Tully’s Coffee
Corporation., a Washington corporation, hereinafter called the
Lessee (“Lessee”), covering the 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 the mutual
covenants and promises contained in this First Lease Amendment and
the Lease, Lessor and Lessee agree as follows:
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1.
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Section 1,
“Premises”, of the Lease is hereby amended to modify the
definition of the Premises by adding the Building and the parcel of
land located immediately south of and adjacent to the original
Premises. The additional Premises is more particularly depicted on
Exhibit A attached hereto and is designated the “Expansion
Premises”.
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2.
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Section
3, “Rent”: The Rent as provided in Section 3 of the
Lease is hereby modified to include additional Rent attributable to
the Expansion Space in the following amounts:
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Additional Base
Rent:
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Total Base Rent:
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1 through 12
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$10,000 per
month
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$46,033 per
month
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13 through 60
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$15,000 per
month
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$51,033 per
month
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61 through 120
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$17,250 per
month
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$58,688 per
month
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3.
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Right to
Cancel: Provided Lessee
has not been in default of any term or condition of this Lease,
Lessee shall have the one time Right to terminate the portion of
this Lease that relates to the Expansion Space effective at the end
of the first year of the Lease Term. Lessee shall provide Lessor
with not less than one hundred fifty (150) days prior
writte
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