Purely  Alaskan  Gift  Shop  Subtenant  Lease     Subtenants  of  Purely  Alaskan  Gift  Shop  hereby  agree  to  the  conditions  set  forth  in  this  lease   agreement   (hereinafter   referred   to   as   the   “agreement”)   made   and   entered   into   this   date   _____________________.     1. Subtenants  are  bound  to  sublease  for  the  time  period  as  set  forth  in  their  individual  agreements   with  Purely  Alaskan  Gift  Shop  for  a  nine  month  period  beginning  on  this  date  ___________________   and  ending  on  this  date  ______________________.     2. A  subtenant  that  does  not  intend  to  renew  their  agreement  after  their  initial  first  nine-­‐month   period   must   remove   their   product   from   the   premises   immediately   upon   agreement   end   date.   Product  not  removed  by  end  date  will  incur  a  daily  pro-­‐rated  rental  fee.    The  sub-­‐tenant,  upon   the  agreement  ending,  must  remove  product.    If  you  have  assigned  someone  other  than  the   subtenant   to   remove   your   product,   a   written   notice,   email   or   phone   call   must   be   provided  to  the  business  owner  before  product  can  be  removed  from  the  premises.     3. If   the   subtenant,   for   any   reason,   breaks   their   nine-­‐month   agreement   period   and   chooses   to   vacate   before   the   end   date   on   the   agreement,   subtenant’s   deposit   will   be   forfeited,   and   subtenant’s   product   and   display   items   will   be   removed   immediately   from   premises.     Subtenant  will  be  held  responsible  for  a  daily  storage  fee  of  $25.00  per  day,  and  this  must  be   paid  before  items  can  be  picked  up  once  they  are  moved  to  storage.     4. Agreements   will   run   on   a   nine-­‐month   period.     Subtenant   is   responsible   for   notifying   Purely   Alaskan   Gift   Shop   two   weeks   in   advance   prior   to   the   current   agreement   ending   whether   subtenant  intends  to  continue  as  a  tenant  for  the  next  nine-­‐month  period  or  will  be  ending  their   agreement  at  Purely  Alaskan  Gift  Shop.    If  owner  fails  to  receive  notice  to  vacate,  Purely  Alaskan   Gift   Shop   will   therefore   assume   that   subtenant   will   be   extending   lease   to   include   the   next   nine-­‐ month  period.    The  deposit  will  then  work  off  the  next  six-­‐month  period.     5. Any  and  all  product  and  display  items  must  be  pre-­‐approved  by  owner  before  placement.     6. We  will  not  accept  imported  items.    Our  goal  is  to  provide  made-­‐in-­‐Alaska  products  only.     7. Management  (Hilton  Hotel)  shall  not  be  liable  to  Purely  Alaska  Gift  Shop  or  any  subtenants  for   any  damage  or  theft  to  shopkeeper’s  person  or  property  or  to  shopkeeper’s  agents,  other  than   for  management  negligence;  and  shopkeeper  and  subtenant(s)  agrees  to  indemnify  and  to  save   management  harmless  from  all  claims  of  any  nature.     8. Vendors   must   inventory   all   personal   display   items   in   use,   and   provide   a   copy   to   Purely   Alaskan   Gift   Shop.     This   will   ensure   proper   return   of   personal   display   items   upon   vacating.     Purely   Alaskan  Gift  Shop  will  not  be  responsible  for  keeping  track  of  your  uninventoried  display  items.     9. Merchandising   of   product,   placement   and   displays   will   be   at   the   discretion   of   the   business   owner.     10. An   inventory   list   with   product   quantity,   description,   and   price   can   be   provided   and   kept   in   office  binder.    Purely  Alaskan  Gift  Shop  will  not  be  responsible  for  the  subtenants  inventory   control.      

  11. Title   to   all   goods   remains   with   the   vendor   during   the   entire   time   of   this   agreement.     Purely   Alaskan  Gift  Shop  is  not  responsible  for  the  inventory  and  thus  is  not  responsible  for  theft  or   damage.     Purely   Alaskan   Gift   Shop   does   not   carry   insurance   on   subtenants   merchandise,   thus   subtenant  should  carry  insurance  on  their  merchandise  if  they  want  this  kind  or  other  coverage.     12. Purely  Alaskan  Gift  Shop  does  not  have  any  storage  for  subtenants.     13. Inventory  sold  will  be  documented  at  time  of  sale  if  item  number  is  provided  on  price  tag,  and   subtenant   has   requested   the   documenting   of   this   number.     If   no   number   is   provided   and   this   request  has  not  been  made,  product  will  be  documented  by  description  only.     14. All   items   for   sale   must   be   tagged   with   vendor’s   assigned   number.     Numbers   are   assigned   by   owner  after  agreement  has  been  signed  and  all  rent  and  fees  have  been  met.    All  product  placed   in  shop  must  be  tagged  with  price  and  your  vendor-­‐assigned  number.     15. All  subtenants  will  pay  a  non-­‐refundable  sign-­‐up  (application)  fee  of  ONE  HUNDRED  DOLLARS   ($100.00)   to   cover   the   cost   of   operational   supplies   and   insurance.     A   security   deposit   of   ONE   HUNDRED  FORTY  FIVE  DOLLARS  ($145.00)  is  refundable  as  long  as  the  premises  are  left  in   good  condition,  all  fees  are  current  and  agreement  has  been  fulfilled  to  its  end  date.     16. Each  subtenant  may  choose  one  of  the  following:     a. ___________;  Rent  of  ONE  HUNDRED  DOLLARS  ($100.00  PER  MONTH)  must  be  paid  in   full   on   or   before   the   first   day   each   month.     Subtenant   commits   to   one   six-­‐hour   shift   per   month   working   in   the   store.     Subtenant   agrees   that   20%   of   the   sales   price   of   each   item  will  be  deducted  and  applied  toward  the  upkeep  of  the  shop  fees  and  expenses.     b. __________;   Rent   of  ONE   HUNDRED   FORTY   FIVE   DOLLARS   ($145.00   PER   MONTH)   must   be  paid  in  full  on  or  before  the  first  day  each  month.    Subtenant  commits  to  one  six-­‐ hour   shift   per   month   working   in   the   store.     Subtenant   agrees   that   10%   of   the   sales   price   of   each   item   will   be   deducted   and   applied   toward   the   upkeep   of   the  shop   fees   and  expenses.     c. __________;  Rent  of  TWO  HUNDRED  DOLLARS  ($200.00  PER  MONTH)  must  be  paid  in   full  on  or  before  the  first  day  each  month.    Subtenant  has  no  commitment  to  work  a   shift  in  the  store.    Subtenant  will  keep  100%  of  the  proceeds  for  items  sold  under  this   option.     17. Each   subtenant   will   be   responsible   for   the   following   fees   and   charges   (all   fees   will   be   deducted   from  monthly  settlements):     a. Rents  or  other  fees  paid  by  credit  card  will  incur  a  4%  fee.     b. Any  NSF  checks  will  be  assessed  a  fee  of  ($37.00).     c. Checks  are  payable  to  the  Purely  Alaskan  Gift  Shop.     d. Rent   must   be   received   by   the   first   day   of   the   month.   Past   due   rents   will   be   assessed  a  late  fee  of  $25.00  per  day.     e. Sales  proceeds  will  not  be  disbursed  if  rent  and  fees  are  not  current.     f. All  credit  card  purchases  will  be  subject  to  a  4%  processing  fee.  

g. All   check   purchases   will   be   subject   to   a   2%   processing   fee   to   guarantee   the   check   and   digitally  deposit  it.     18. Purely   Alaskan   Gift   Shop   has   the   right   to   refuse   service   to   the   subtenant   and   void   agreement   upon   non-­‐payment   of   rent,   fees,   and   neglect   of   the   DUTIES   AND   RESPONSIBILITIES   set   forth   in   this  agreement  between  subtenant  and  Purely  Alaskan  Gift  Shop.    Any  debt  incurred  to  Purely   Alaskan  Gift  Shop  by  subtenant  will  be  deducted  from  your  monthly  proceeds.     19. Deposits   will   be   paid   out   two   weeks   after   agreement   has   been   met   as   long   as   subtenant   is   in   good  standing.     20. Proceeds  from  the  sales  will  be  paid  out  and  mailed  to  address  on  file  once  a  month.         21. Subtenant   will   also   pay   a   $10.00   monthly   fee   for   having   to   transfer   monthly   rent   payments   from  proceeds  revenue  account  to  the  operational  account.     22. Vendors  must  fill  out  and  sign  a  W-­‐9  IRS  tax  form  before  placement  of  product  or  no  payment.       I  _____________________________________________________  Lessee  agree  that  this  lease,  when  dated  and  signed,   is  a  binding  legal  obligation.     ______________________________________________________       ____________________________________   Lessee  Signature               Date     ______________________________________________________       ____________________________________   Purely  Alaskan  Gift  Shop   (owner  only)         Date                                              

Purely  Alaskan  Gift  Shop  Sub-­Tenants  are  Responsible  For:  

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Scheduling  an  appointment  with  shop  owner  to  set-­‐up  and  or  remove  subtenant’s  product.   (an   appointment   will   be   scheduled   at   a   time   that   is   both   convenient   to   shop   manager   and   subtenant).    Product  placement  and  removal  will  only  take  place  before  or  after  store  hours   as  not  to  disrupt  daily  operations  and/or  create  a  liability  issue.   Restocking,  inventory  control,  and  cleaning  their  display  area  on  a  bi-­‐weekly  schedule.   Assisting   in   advertising   and   promoting   product   and   store   via   emails,   websites,   flyers,   and   in-­‐ house  demonstrations.   Providing  volunteer  service  when  available  to  offset  the  cost  of  wages.   Providing  an  artist  bio  and  business  cards.   Pricing   product   with   a   professional   removable   pricing   sticker.   (Pricing   guns   and   taggers   available  for  use  at  no  charge).   Insurance   on   personal   property.     It   is   the   responsibility   of   the   subtenant   to   provide   this   coverage.   (Purely   Alaskan   Gift   Shop   will   not   be   held   liable   for   theft   or   damages   due   to   an   act   of  God.)   Maintaining  a  100%  made-­‐in-­‐Alaska  product.    If  vendor  purchases  product  to  place  in  shop,   vendor   must   provide   product   information   (who   made   it   and   place   of   origin).     Product   not   pre-­‐approved  will  not  be  accepted.   Vendors   are   responsible   for   providing   a   two-­‐week   advance   notice   when   vacating   and   scheduling  an  appointment  that  is  both  convenient  to  the  shop  owner  and  vendor.  

  Purely   Alaskan   Gift   Shop   will   offer   subtenant   a   professional   retail   site   with   permanent   placement   earning   the   subtenant   100%   return   on   any   retail   product   sold,   monthly   advertisement   and   professional  sales  and  service.     Our  Mission  Statement  is  to  “Support  and  Promote  Alaska  Arts  and  Crafts”   “Buy  Made-­in-­Alaska  Products”       NAME  _______________________________________________     ADDRESS___________________________________________     _______________________________________________________     PHONE______________________________________________     EMAIL_______________________________________________        I  HAVE  READ  AND  UNDERSTAND  MY  DUTIES  AND  RESPONSIBILITIES       SIGN_________________________________________________     DATE_________________________________________    

 

OPTIONAL  SHOW  WAIVER  

    Purely  Alaskan  Gift  Shop  Subtenants  Show  Waiver       I   ________________________________________,   vendor   #   _______,   herby   request   that   Purely   Alaska   Gift   Shop   include  my  merchandise  in  any  show(s)  they  deem  appropriate.    All  of  the  terms  in  the  subtenant   agreement  are  hereby  incorporated  into  this  show  agreement.    I  understand  and  agree  that  if/when   I  am  included  in  a  show,  the  following  additional  terms  and  conditions  will  apply:     1. Purely  Alaska  Gift  Shop  has  sole  discretion  if/when  I  am  included  in  a  show.   2. I  am  not  guaranteed  participation  at  any  show.   3. Purely  Alaska  Gift  Shop  has  sole  discretion  what  merchandise  will  be  included  in  a  show.   4. I  am  not  guaranteed  any  particular  merchandise  will  be  at  any  show.   5. Purely  Alaska  Gift  Shop  will  be  responsible  for  all  show  fees  and  expenses.   6. I  will  pay  Purely  Alaska  Gift  Shop  a  30%  commission  of  the  ticketed  sale  price  for  each  sale   made  at  a  show.   7. Sales   from   a   show   will   be   settled   at   the   end   of   the   month   with   the   store   sales   but   with   a   separate  settlement  sheet.           NAME  _______________________________________________     ADDRESS___________________________________________     _______________________________________________________     PHONE______________________________________________     EMAIL_______________________________________________        I  HAVE  READ,  UNDERSTAND  AND  AGREE  TO  THE  SHOW  WAIVER       SIGN_________________________________________________     DATE_________________________________________                          

 

IN  HOUSE  ACCOUNTING  FORM  

    Subtenants  #  _______   Amount   Date  Received   Cash/Check/CC   Application  Fee           Security  Deposit                         MONTH   Rent  Paid   Cash/Check/CC   Date  Paid   Late  Days   January           February           March           April           May           June           July           August           September           October           November           December            

Refund  

Late  Fee                          

 

SHOW  NAME                                                  

SHOW  DATES                                                

MERCHADISE  SOLD                                                

AMOUNT  PAID                                                

70%                                                

30%