LEASE AGREEMENT - REDWOOD CITYLease Agreement • November 17th, 2014 • California
Contract Type FiledNovember 17th, 2014 JurisdictionSUMMARY OF BASIC LEASE TERMS Lease Reference Date: [January 1], 2015 (the “Lease Reference Date”) Landlord: Launchpad Development Fifteen LLC, a California limited liability company (“Landlord”). Tenant: Rocketship Education, a California non-profit public benefit corporation (“Tenant”). Premises: Landlord’s fee interest in the Property and structures located thereon at and generally known as 860 Charter Street, Redwood City, California and legally described and shown on Exhibit A. Tenant’s Share: 100% Effective Date: [January 1], 2015 (“Effective Date”) Lease Term: The Lease Term shall be the term set forth in Exhibit B, attached hereto and incorporated herein. Basic Rent: The Rent shall be the amount set forth in Exhibit B, attached hereto and incorporated herein. Permitted Use: Solely for the purpose of operating an elementary charter school in accordance with the school’s charter, serving students in transitional kindergarten through fifth grade, that is exempt from federal incom