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EXHIBIT 10.12
LEASE AGREEMENT
THIS LEASE AGREEMENT is entered into as of this 5th day of December, 1997
by and between Aldina, L.C., a Florida limited liability company, as Trustee of
the Sammi Land Trust under agreement dated April 13, 1995 ("Landlord"), and
Staff Capital, L.P., a Delaware limited partnership, it's successors and
assigns, as Tenant ("Tenant"). Tenant currently leases space from Landlord at
600 000 Xxxxxxxxx Xxxx, Xxxxxxxxxx, Xxxxxxx, under an Agreement of Lease dated
March 27, 1995 ("Master Lease").
In consideration of Ten Dollars ($10.00) and other good and valuable
consideration, the receipt and adequacy of which are hereby acknowledged, the
parties hereto agree as follows:
1. Landlord agrees to rent to Tenant, commencing upon completion of
build-out, Suite 100, (3,996 Sq. Ft.) in the same building complex covered
by the Master Lease. Annual rental for Suite 100, shall be $11.65 per
square foot. In addition, Tenant shall pay operating expenses in accordance
with the Master Lease except that those operating expenses shall not exceed
$2.60 per square foot through December 31, 1999. Landlord to provide Tenant
finished space, including new carpet and paint. Additionally, Landlord will
provide lighting and doorways per Tenants specifications. Total Cost not to
exceed $5.00 per square foot.
2. Landlord hereby grants Tenant an option, exercisable by written notice
to Landlord at any time on or before June 6, 1998, to rent Suite 124 in the
same building complex. If Tenant exercises this option the annual rental
and operating expenses for Suite 124 will be on the same basis as provided
for in the expansion space provision of the master lease or by agreement of
the parties.
3. Landlord agrees to rent to tenant Suite 176B containing 7500 square feet
commencing April 1, 1998 on the terms and conditions contained in paragraph
24 of the Master Lease.
4. The term and conditions of the Master Lease between the parties,
covering the main rental space referred to above, with the exception of
provisions related to rent, additional rent, and any other financial
obligations and considerations addressed in this Agreement shall apply to
Suites 100 and 124 and are hereby incorporated into this Lease Agreement by
reference.
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IN WITNESS WHEREOF, the parties hereto execute this Letter Agreement as of
the day first above written.
WITNESSES: LANDLORD
/s/ Xxxxx Xxxxxx ALDINA, L.C., a Florida limited liability
------------------- as Trustee of the Sammi Land Trust under
agreement dated April 13, 1995
/s/ Xxxxx XxXxxxxxx
------------------- By /s/ XXXX X. XXXXXXXX
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------------------- XXXX X. XXXXXXXX
It's Managing Member
------------------- TENANT
Staff Capital, L.P., a Delaware Limited
partnership, it's successors and assigns
------------------- By Staff Acquisition, Inc. its general
partner.
------------------- By /s/ XXXX X. XXXXXXX
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XXXX X. XXXXXXX
------------------- Chief Financial Officer
-------------------
