From: WENDY Rhodes Sent: Friday, February 21, 2025 2:50 PM To: Donna Johnson Subject: Fwd: 691 Seminole Rd., Broadway, NC – intent to lease Hey Donna, this is Wendy Parker. Here is the tentative lease agreement from Scott Yow. Hopefully this is what you need. Also, can you please let me know again what the other thing that you needed in order to get the application started please also just let me know you got this. Thank you very much for your time today. Sent from my iPhone Begin forwarded message: From: Scott Yow Date: February 21, 2025 at 1:12:31 PM EST To: wendyrrhodes17@gmail.com Subject: 691 Seminole Rd., Broadway, NC – intent to lease INTENT TO LEASE AGREEMENT This Intent to Lease Agreement ("Agreement") is made and entered into on this 21 day of February, 2025, by and between: Owner/Lessor: James Scott Yow Jr. (Hereinafter referred to as "Lessor") AND Prospective Tenants/Lessee: Mr. William Parker and Mrs. Wendy Parker (Hereinafter referred to collectively as "Lessee") Property Address: 591 Seminole Rd., Broadway, NC 1. Purpose The Lessee intends to lease the above-mentioned property for the purpose of operating a coffee and sandwich shop. The Lessor and Lessee acknowledge that while the full terms and conditions of the lease have not yet been finalized, this Agreement serves to establish the intent of both parties to proceed in good faith toward executing a formal lease agreement, provided all necessary approvals are obtained from the planning departments of Lee County, Harnett County, and the Town of Broadway, NC. 2. Lease Negotiations Both parties agree to engage in good faith negotiations to finalize the lease terms, including but not limited to: * Lease duration * Monthly rental amount * Security deposit * Maintenance responsibilities * Permitted uses and restrictions * Any necessary modifications to the premises 3. Non-Binding Effect This Agreement is intended to outline the mutual understanding and intent of the parties but does not constitute a legally binding lease. Neither party shall have any legal or financial obligations under this Agreement. The formal lease agreement shall be drafted, reviewed, and executed separately by both parties. This Agreement is contingent upon the successful completion of all necessary planning and zoning approvals from Lee County, Harnett County, and the Town of Broadway, NC. 4. Exclusivity The Lessor agrees not to negotiate or enter into any lease agreement with any other party for the subject property while negotiations with the Lessee are ongoing, for a period of 30 days from the date of this Agreement. 5. Termination Either party may withdraw from this Agreement with written notice to the other party prior to the execution of the formal lease agreement, without liability or obligation. 6. Governing Law This Agreement shall be governed and interpreted under the laws of the State of North Carolina. IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first written above. Lessor: James Scott Yow Jr. Date: February 21, 2025 Lessee: William Parker Date: February 21, 2025 Wendy Parker Date: February 21, 2025 Sent from my iPad