Exhibit 10.12
Lease Agreement
Advanced BioEnergy
Xxxxxxx / Xxxxxxx Office Rental
June 2, 2005
This is a Lease Agreement made this 2nd day of June, 2005 by and between
Advanced BioEnergy (Leasee) and Xxxxxxx / Xxxxxxx Office Rental (Xxxxxx)
This hereby notifies and indicates acceptance by the above parties of the
following:
1) The Xxxxxx hereby rents to the Leasee, the office property at 000 X
0xx Xxxxxx, Xxxxxx, XX 00000 to be occupied solely as office space by
the Leasee listed above. Monthly rent during this agreement is $700
and a refundable security deposit of $700 is also required. The
security deposit will be returned after the inspection of the property
and payment of all outstanding bills. Leasee is responsible for all
utilities.
2) This agreement runs from the 1st day of July, 2005 up to and including
the 31st day of December 2006. (18 months)
3) Monthly rent is due on the 1st of each month. Late fees will be
assessed if this policy is abused. A $15 fee will be charged on all
returned checks
4) Leasehold Improvements: The Xxxxxx agrees to paint, install new
carpet, lighting, ceiling tiles, and remodel bathrooms and interior
walls as agreed upon with Leasee. The Xxxxxx shall pay the first $5000
of actual costs of improvements and the Leasee shall pay the balance
above stated amount. All improvements and costs will be agreed upon by
both parties
5) Leasee shall be responsible for its employees and guests at all times.
Leasee and guests shall not allow or permit any improper or illegal
conduct on the premises
6) Leasee shall notify the Xxxxxx promptly of any malfunctioning smoke
detectors, electrical and plumbing facilities, broken windows, or
presence of pests in order for the situation to be remedied. The
Xxxxxx will make Service calls if needed.
7) The Xxxxxx shall return the refundable security deposit or any portion
thereof only after lawful termination of tenancy, receipt of the
Leasee's new address, and satisfactory cleaning of the premises. The
security deposit may not be used for the last month's rent.
8) Failure to abide by the terms of any of the aforementioned provisions
is a violation under this agreement.
Advanced BioEnergy
/s/ Xxxxx X. Xxxxxxxxxx III 6/2/05
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Xxxxx X. Xxxxxxxxxx III, Chairman Date
Xxxxxxx / Xxxxxxx Office Rental
/s/X.X. Xxxxxxx 6-4-05
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Xxxx Xxxxxxx Date
