Exhibit 10.17 Office Lease Agreement between Xxxxxxx X. Xxxxx and Xxxxx Corporation II
Lease Agreement
This Agreement made as of November 1, 2002 by and between Xxxxxxx X. Xxxxx,
referred to herein as LESSOR, and Xxxxx Corporation II, A Nebraska corporation
(XXXXX), referred to herein as LESSEE:
WITNESSETH:
Whereas, Lessor and Lessee have reached an understanding with respect to
the lease by Lessee of certain real property and the improvements thereon owned
by Lessor.
Now, therefore, in consideration of the foregoing premises and the mutual
covenants hereinafter set forth, it is agreed as follows:
1. LEASE. Lessor hereby leases to Lessee and Lessee leases from Lessor on
the terms and conditions set forth herein, that portion of the building and
improvements and land used by Lessee in the conduct of business (herein after
referred to as the Premises) as reflected on Exhibit A, attached, hereto and
incorporated herein by this reference.
2. TERM. The term of this lease shall be for five (5) years commencing
November 1, 2002 and expiring October 31, 2007.
3. RENT. LESSEE shall pay to LESSOR as rent the amounts of $2,500.00 per
month in advance, payable on or before the fifth (5th) day of each month of the
term as rental for the property described on the attached Exhibit A.
4. UTILITIES. XXXXX will pay prior to delinquency all charges for utilities
servicing the Premises.
5. TAXES. XXXXX shall pay all real estate taxes on the premises prior to
delinquency. LESSEE shall pay prior to delinquency any personal property tax
attributable to personal property owned by each and located on the Premises.
6. INSURANCE. LESSEE shall procure and keep in force at their expense fire
and extended coverage insurance covering the Premises together with public
liability insurance, all coverages to be in amounts as agreed to by the parties.
LESSOR shall be named as an additional insured on all of such insurance
policies. LESSEE shall be shown as a named insured under such policy. LESSEE
shall separately procure and keep in force at their expense any insurance
covering their respective items of personal property located on the Premises. In
any event, LESSEE will indemnify LESSOR and hold him harmless from and in
connection with any liability, cost or expense arising from or in any way
connected with the activities of the respective LESSEE on the Premises.
7. REPAIRS AND MAINTENANCE.
a. LESSEE shall at their expense be responsible for repairs and
replacements in connection with the structural components of the
Premises including roof, floor, walls, doors and glass, heating
and air-conditioning systems, plumbing system including plumbing
fixtures, and electrical system. In the event of need of repairs
or replacements hereunder, LESSEE shall notify LESSOR thereof,
and LESSOR shall promptly cause repairs and/or replacements, as
appropriate, to be accomplished. Any proceeds from the fire and
extended coverage insurance occasioned by an occurrence covered
by such insurance shall be used to make such repairs and
replacements.
b. LESSEE shall maintain their respective portions of the Premises
in a clean and orderly state, free of junk and debris.
8. REMODELING AND ALTERATIONS. LESSEE may not make any alterations on the
Premises or remodel the same without the express written consent of LESSOR. Any
alterations or remodeling shall be and remain a part of the Premises at the
termination of this lease.
9. ASSIGNMENT AND SUBLEASING. LESSEE may not assign or sublease all or any
portion of the Premises without the express written consent of LESSOR.
10. DEFAULT. In the event of any default or breach hereunder by any party,
any one or more parties not defaulting shall give notice thereof to the
defaulting party, which shall have fifteen (15) days to cure the default. If the
default is not cured within such period, then any of the parties not defaulting
may pursue any remedy available at law or in equity. Failure of any of the
non-defaulting parties to give such notice will not be deemed to be a waiver of
any continuing or subsequent default or breech.
11. NOTICES. All notices provided for herein shall be in writing and shall
be given via mailing by United States first class mail, certified, postage
prepaid, and properly addressed to the last-known address of the recipient.
12. AMEDMENT OR MODIFICATION. This agreement may be amended or modified
only by a document executed by both parties.
IN WITNESS WHEREOF, the parties have executed this agreement as of the day
and year, first above written.
Xxxxxxx X. Xxxxx, XXXXXX
XXXXX CORPORATION II
A Nebraska Corporation,
By
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President, LESSEE
EXHIBIT A
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Xxx 0, Xxxxx 0, Xxxxxxx Xxxxx Addition to the City of Xxxxxx, Nebraska.
