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ORIGINAL LEASE AGREEMENT (Lease Area 2A - 2206 Broadway) THIS LEASE AGREEMENT ("Agreement", or "LEASE") is entered into as of jt\y(\i ~ ' 2010, by and between: the Redevelopment Agency of the City of Redwood City, a public body, corporate and politic, duly organized and existing under the laws of the State of California ("Agency" or "Lessor"), and Froyola LLC., doing business as "Froyola Yogurt", hereinafter referred to as "Lessee." RECITALS: A. WHEREAS, on May 3, 2005, the City of Redwood City ("City") entered into a 55-year agreement with the County of San Mateo, with an option for up to four 10-year renewal periods, entitled "Cooperative Agreement between the County of San Mateo and the City of Redwood City for Preservation of the Historic County Courthouse Block, Removal of the South Annex, Reconstruction of the Courthouse Fac;ade and Creation of a Courthouse Plaza, and Grant of Easement and License" ("Cooperative Agreement"). B. WHEREAS, the Cooperative Agreement was amended on August 24,2006, through the First Amendment to the Cooperative Agreement between the County of San Mateo and the City of Redwood City for Preservation of the Historic County Courthouse Block, Removal of the South Annex, Reconstruction of the Courthouse Fac;ade and Creation of a Courthouse Plaza, and Grant of Easement and License ("First Amendment") to expand the Project to include the construction and placement of a restroom facility. C. WHEREAS, the Cooperative Agreement provides that the City may assign its easement interest in any or all portions of the Courthouse Square with the consent of the County. D. WHEREAS, pursuant to a Partial Assignment and Assumption of Cooperative Agreement, the City has assigned certain interests in the four Concession Spaces at Courthouse Square to the Agency. E. WHEREAS, Lessor has possession of Courthouse Square Concession Space identified as Lease Area 2A (the "Premises" or the "Lease Area"), as described in the legal description and plat map identified as Exhibit "A" and illustrated in the site layout identified as Exhibit B, both of which are attached hereto and incorporated herein by reference. F. WHEREAS, Lessee wishes to lease the Premises to operate Froyola Yogurt, a frozen yogurt store. G. WHEREAS, Lessor and Lessee wish to enter into an agreement for the use of the Premises by Lessee, its agents, customers, contractors, and assignees. H. WHEREAS, concurrently with this Lease Agreement, City and Lessee have entered into a License Agreement (the "License Agreement") allowing Lessee the right to use certain areas surrounding the Premises, defined as License Area 2A. ATTY/AGR/2009.081 020110 P5 Initials Page 1