LEASE AGREEMENT
BETWEEN
AND
AND SEVERALLY LIABLE
TABLE OF CONTENTS
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PARAGRAPH SUBJECT PAGE
--------- ------- ----
1 BASIC LEASE PROVISION ............................ 1
2 PREMISES.......................................... 3
3 USE AND STORE NAME ............................... 3
4 MINIMUM RENT; COMMENCEMENT DATE; COST OF
LIVING INCREASES................................ 3
5 TERM.............................................. 5
6 SECURITY DEPOSIT.................................. 5
7 ADDITIONAL CHARGES................................ 5
A. PERCENTAGE RENT.............................. 5
B. ADJUSTMENTS.................................. 7
8 USES PROHIBITED................................... 11
9 COMPLIANCE WITH LAW............................... 11
10 ALTERATIONS AND ADDITIONS......................... 11
11 REPAIRS AND MAINTENANCE........................... 12
12 LIENS............................................. 13
13 ASSIGNMENTS AND SUBLETTING........................ 14
14 INDEMNITY AND INSURANCE........................... 16
15 UTILITIES......................................... 19
16 PERSONAL PROPERTY TAXES........................... 19
17 RULES AND REGULATIONS............................. 19
18 HOLDING OVER...................................... 19
19 ENTRY OF LANDLORD................................. 19
20 TENANT'S DEFAULT.................................. 20
21 REMEDIES IN DEFAULT............................... 21
22 DEFAULT BY LANDLORD............................... 22
23 RECONSTRUCTION.................................... 22
24 EMINENT DOMAIN.................................... 23
25 PARKING AND COMMON AREA........................... 24
26 SIGNS............................................. 25
27 AUCTIONS.......................................... 25
28 DISPLAYS; APPEARANCE OF PREMISES.................. 26
29 USE AND OPERATIONS................................ 26
30 PROMOTIONAL FUND.................................. 27
31 GENERAL PROVISIONS................................ 27
32 INTEREST INCREASES PASS-THROUGH................... 31
33 BROKERS........................................... 31
EXHIBITS
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Exhibit A - Site Plan
Exhibit A-1 - Legal Description
Exhibit B - Description of Landlord and Tenant Work
Exhibit C - Sign Criteria
LEASE AGREEMENT
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Landlord hereby leases to Tenant and Tenant hereby leases from Landlord
the premises hereinafter described, on the terms and conditions as set forth
in this Lease Agreement, hereinafter called "this Lease".
1. BASIC LEASE PROVISIONS
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The words and figures as set forth in paragraphs 1A through 35 and
Exhibits A through C, both inclusive, are part of this Lease wherever
appropriate reference is made thereto, unless they are expressly modified
elsewhere in this Lease.
A. Date of Execution: As of January 25, 1996.
B. Landlord: Xxxxxxx Xxxxxxxx Family Trust
C. Tenant: Supermail International, Inc.
D. Guarantor: None
E. Tenant's Store Name: Supermail International
Check Cashing and Money Transfer
F. Shopping Center: The property particularly described in Exhibit A-1
depicted on the Site Plan marked Exhibit A, located at:
County: Los Angeles
State: California
Address or nearest streets: Pacific and Xxxxxxxx
X. Premises: The area shown by hatchmarks in Exhibit A containing the
following approximate measurements:
Frontage: 35'6" feet
Depth: 45" feet
Gross Floor Area: 1,600 feet
H. Purpose: The premises will be used for "Check Cashing, Money
Transfer, Money Orders, and Long Distance Telephone
Services"
H.1.Exclusive:
The premises will not be used for Travel Agency and
Insurance.
I. Commencement Date: The date which is the date that this lease Sign
days after the "Turn-Over Date" (As defined in Paragraph 4.B of
this Lease).
J. Term: Five years, commencing on the first day of the first full
calendar month following the Commencement Date, plus the period
from the Commencement Date to the first day of the first full
calendar month following the Commencment Date, unless the
Commencement Date occurs on the first day of a calendar month, in
which event said ---- year period shall commence on the Commencement
Date. Tenant shall have the right to extend the Term of the Lease
for three term of five years subject to and in accordance with the
terms and provisions of Paragraph 34 to the Rider annexed to this
Lease.
K. Minimum Rent:
2/1/96 - 1/31/97 Year 1: $5,000 per month
2/1/97 - 1/31/98 Year 2: $5,250 per month
2/1/98 - 1/31/99 Year 3: $5,512.50 per month
2/1/99 - 1/31/00 Year 4: $5,788.12 per month
2/1/00 - 1/31/01 Year 5: $6,077.53 per month
Options periods will be negotiated at market rate for year 6, and then the
minimum monthly rent will be increased 5% annualy for seventh year and
after.
L. Initial Monthly Adjustments: $656 per month
M. Initial Promotional fund Dues: None
N. Prepaid Rent: $5,000 for the First month of the term of this lease.
O. Security Deposit: $10,000
P. Percentage Rent Rate: 5%
Q. Landlord's Address and Phone Number for Notices:
Xxxxxxx Xxxxxxxx Family Trust
0000 Xxxxxx Xxxx. Xxxxx #000
Xxxxxxxxxx, XX 00000
Tel: (000) 000-0000, Fax nr. (000) 000-0000
R. Tenant's Address and Phone Number For Notices:
Supermail International Inc.
0000 Xxxx Xxxxx Xxxxxx, Xxxxx #000
Xxxxxxxxxx, Xx 00000
Tel: (000) 000-0000 Fax: (000) 000-0000
S. Additional Basic Lease Provision:
S.1. Tenant shall have the option to extend the term of this lease
for three additional five years periods, which will be negotiated
three month before expiration of the lease with a written request from
Tenant to Landlord
S.2. The rent from Jan 25, 1996 till Feb 29, 1996 shall be free
S.3. The Premises is Leasing "As Is, Where Is" and tenant is
responsible for any improvement, License and City or County Approval,
landlord has no obligation for this.
S.4. Tenant is Aware that there is a Check cashing business in the
Center and accept this. Landlord will not lease for the: Check
cashing, Money Transfer and Order and Long-Distance Telephone, but
Landlord has the Right to put payphone in the center.
Note: The remaining part of this lease was not available at the
time of preparing this report.
