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<br />~ <br /> <br />Page 1 .' . <br /> <br />, LEASEAGREEMENT / ~~~ \ <br />, l ~--' Q{~dOc!JØ <br />'. .' r>&J ,Ita ~ <br />THIS LEASE 15 made between Joan Brant, Michael SpOSItO & Barbara Tyson, Owners oy---' <br />901 Main Street, Redwood City, CA, herein called Lessor, and Hanna Hoang and <br />T awana Marie Watson herem called Lessee <br /> <br />Lessee hereby offers to lease frornLessor the premises situated in the City of Redwood <br />City, County of San Mateo, State of California, descnòed as, 901 MAIN STREET, upon <br />the following TERMS AND CONDDITIONS: <br /> <br />1. TERMS AND RENT: Lessor demises the above premises for a term of FIVE <br />YEARS, commencmg September 1,2000, and terminating on August 31 ,2005, or <br />sooner as provided herem at the monthly rental of: <br /> <br />September 1,2000 to August 31, ZOOl - $2,400.00 (Twenty-Four Hundred Dollars) <br />********** <br /> <br />September 1,2001 to August 31, ZO02 - $2,450.00 (Twenty-Four Hundred & Fifty <br />Dollars or cost of living increase, which ever is the higher). <br />*********** . <br /> <br />September 1,2002 to August 31, ZO03 - $2,500.00 (Twenty-Five Hundred Dollars or <br /> <br />c(}st~(Jf living increase, which ever is the higher). <br />, . *********** <br /> <br />September 1,2003 to August 31, ZO04 - $2,600.00 (Twenty-Six Hundred Dollars or cost <br /> <br />of living increase, which ever is the higher). <br />*****.***** <br /> <br />September 1,2004 to August 31, ZO05 - $2,700.00 (Twenty-Seven Hundred Dollars or' <br />cost of living increase, which ever is the higher). <br /> <br />Rent is payable in equal installments in advance on the first day of each month for that <br />month's rental, during the term oftms lease. All rental payments shall be made to <br />Lessor, at the address the following specified address: c/o Joan Brant, 505 Edgewood <br />Road, Redwood City, CA 94062: Checks shall be payable to: MAIN STREET <br />ACCOUNT. . <br /> <br />2. USE: Lessee sþ.all use and occupy the premises for the MAIN STREET SALON. <br />(beauty salon, hair dresser, beauty supplies and services). (Retail only). The premises <br />shall be used for no other purpose. Lessor represents that the premises may lawfully <br />be used for such purpose- p t44 c-:Il.fz. <br /> <br />EXHIBIT A <br /> <br />-T"----"-' "T." <br />