LEASE AGREEMENT
Exhibit 10.6
Exhibit A
THIS LEASE AGREEMENT (“Lease”) is made this ___1_ day of July, 2016, by and between “Landlord” (as defined below) and “Tenant” (as defined below).
NOW, THEREFORE, Landlord and Tenant, intending to be legally bound, agree as follows:
PART A
BASIC LEASE INFORMATION
| 1. | Landlord: | Xxxxxxx Xxxxx, Trustee |
| 2. | Landlord’s Address For Notices and Rent Payment: | 0000 XX Xxxxx Xxxxxxx Xxxxx, Xxx 000, Xxxxx Xxxxx Xxxxx, Xxxxxxx 00000 |
| 3 | Tenant: | Bang Holdings Corp. |
| 4 | Tenant’s Address For Notices: | 0000 XX Xxxxx Xxxxxxx Xxxxx, Xxx 000, Xxxxx Xxxxx Xxxxx, Xxxxxxx 00000 |
| 5 | Building: | 0000 XX Xxxxx Xxxxxxx Xxxxx, Xxx 000X, Xxxxx Xxxxx Xxxxx, Xxxxxxx 00000 |
| 6 | Initial Term: | 1 year, commencing on the Lease Commencement Date (as defined below). |
| 7 | Lease Commencement Date: | July 1, 2016 |
| 8 | Number of Options to Renew/Extension Term(s): | 10 years/1 year extension term |
| 9 | Option Exercise Date: | July 1, 2017 |
| 10 | Base Rent During Initial Term: | $30,000.00 annualized; $2,500.00 monthly |
| 11 | Security Deposit: | None. |
| 12 | Rent Deposit: | None. |
| 13 | Permitted Uses: | General office space. |
| 14 | Guarantors: | None. |
IN WITNESS WHEREOF, the parties hereto, intending to be legally bound, have caused this Lease Agreement to be duly executed by their authorized representative the day and year first above written.
| LANDLORD: | TENANT: | |||||
| XXXXXXX XXXXX TRUSTEE, LLC | BANG HOLDINGS CORP. | |||||
| By: | /s/ Xxxxxxx Xxxxx | By: | /s/ Xxxxx Xxxxx | |||
| Name: Xxxxxxx Xxxxx | Name: Xxxxx Xxxxx | |||||
Title: Landlord
|
Title: CEO
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