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LEASE AGREEMENT <br /> This Lease is made effective as of January 1, 2025 by and between the City of Mounds <br /> View, a Minnesota municipal corporation("Landlord"), and Dippin Chocolate, LLC, a Minnesota <br /> limited liability company("Tenant"). <br /> DATA SHEET <br /> The legal significance of the terms set forth in this Data Sheet is governed by references to <br /> such terms in the remainder of this Lease. <br /> • BUILDING. That certain building situated on the following described real estate: <br /> Commonly known as MOUNDS VIEW COMMUNITY CENTER <br /> • PREMISES. That space in the Building, as designated on Exhibit A as "the <br /> Kitchen" annexed hereto. The street address of the Premises is 5394 Edgewood <br /> Drive in the City of Mounds View. <br /> • LANDLORD: City of Mounds View, 2401 Mounds View Boulevard, Mounds <br /> View, MN 55112. <br /> • TENANT: Dippin Chocolate, LLC, 1039 Wilson Avenue, Saint Paul, MN 55106. <br /> 1. PREMISES: <br /> Landlord hereby leases to Tenant, and Tenant hereby leases from Landlord, for the term <br /> and upon the conditions hereinafter provided, the Premises described in the Data Sheet. <br /> 2. TERM: <br /> The Term of this Lease shall commence on the 1 st day of January 2025,and shall terminate <br /> on the 31 st day of December,unless earlier terminated as hereinafter provided. <br /> 3. RENT: <br /> Tenant agrees to pay Landlord, at 2401 Mounds View Boulevard, Mounds View, MN <br /> 55112, or such other place as Landlord may from time to time designate in writing, an annual rent <br /> in the amount of$300, due on or before January 1, 2025, and$95 per hour or fraction thereof, for <br /> actual use of the Premises, payable in a manner consistent with present policy and procedure. <br /> 1 <br /> 416585v5 SJR MU210-35 <br />