L E A S E
This Lease is between INTRAM INVESTMENT CORP., an Ohio Corporation
(hereinafter referred to as INTRAM) whose address is 00000 Xxxxxx Xxxx,
Xxxxxxxxxx, Xxxx, 00000 and LIGHT TOUCH VEIN & LASER, INC., an Ohio
Corporation (hereinafter referred to as LIGHT TOUCH) whose address is 00000
Xxxxxxxxxx Xxxx, Xxxxxxxxxx, Xxxx, 00000.
WHEREAS, INTRAM has purchased certain laser equipment as more
particularly described in EXHIBIT "A" attached hereto, and
WHEREAS, LIGHT TOUCH desires to lease said equipment from INTRAM and
INTRAM is agreeable to leasing said equipment to LIGHT TOUCH.
NOW THEREFORE, the parties agree as follows:
1. EQUIPMENT
INTRAM hereby leases to LIGHT TOUCH upon the terms and conditions set
forth herein, the equipment more particularly described in EXHIBIT "A"
attached hereto (hereinafter referred to as "EQUIPMENT").
2. TERM
The term of this Lease shall be thirty-six (36) months and shall begin
September 1, 1997.
3. RENT
LIGHT TOUCH shall pay to INTRAM a base rent of Two Hundred Sixty-nine
Thousand Eight Hundred Two and 72/100 Dollars
($269,802.72) payable in equal monthly installments of Seven Thousand Four
Hundred Ninety-four and 52/100 Dollars ($7,494.52).
4. USE AND CARE OF EQUIPMENT
LIGHT TOUCH shall not use or knowingly permit any part of the EQUIPMENT
to be used for any unlawful purpose. LIGHT TOUCH shall keep the EQUIPMENT and
every part thereof in a clean and wholesome condition and generally that it
will, in all respects, and at all times, fully comply with all lawful health,
fire and police regulations.
5. INSURANCE
LIGHT TOUCH shall, at all times, insure the PREMISES and equipment on
said EQUIPMENT against fire, theft and damage during the term of this Lease.
6. REPAIRS AND MAINTENANCE
LIGHT TOUCH covenants and agrees, at its own expense, to keep the
EQUIPMENT, at all times in good repair, order and condition. LIGHT TOUCH will
commit no waste to the EQUIPMENT.
7. ASSIGNMENT
This Lease shall be nonassignable by LIGHT TOUCH. LIGHT TOUCH shall not
sublet the EQUIPMENT.
9. REMEDIES
INTRAM shall have all remedies available to it upon default of any of
the terms and conditions of this Lease as provided by Ohio Law.
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IN WITNESS WHEREOF, the parties have hereunto set their hands on the day
and year first above written.
Witnesses: INTRAM INVESTMENT CORP.
/s/ Xxx X. Xxxxxxx By: /s/ Xxxxxxx X. Xxxxxxx
---------------------------------- ----------------------------------
Xxxxxxx X. Xxxxxxx, President
Dated: 8/22/97
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LIGHT TOUCH VEIN & LASER, INC.
/s/ [ILLEGIBLE] By: /s/ Xxxxx Xxxx
---------------------------------- ----------------------------------
Xx. Xxxxx Xxxx, President
Dated: 8/22/97
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EXHIBIT "A"
1 - Endermologie Table
1 - Endermologie System
1 - 755,Alexandrite Laser System
1 - Medlite Q-Switched/Laser System
1 - Model CB Erbium/YAG Laser
1 - Copper Vapor Laser System
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