Exhibit 10.1
LEASE AGREEMENT
THIS LEASE entered into this 1st day of June, 2002 between 6681, LTD.,
(hereinafter called the "Lessor"), and Automated Imaging Systems LLC, a Florida
Corporation, (hereinafter referred to as "Lessee").
WITNESSETH:
-----------
The Lessor does by these presents lease and let unto the Lessee the
real property located in Broward County and legally described as follows:
0000 X.X. 00xx Xxxxxxx
Xxxx Xxxxxxxxxx, Xxxxxxx
Square footage of bay area is 5,000 S.F.+/-
TO HAVE AND TO HOLD the said leased property, including access parking
rights, for use as a facility for a warehouse storage use for a lease term of
three (1) year, commencing on June 1st, 2002, and ending on May 31st, 2005.
In consideration of the premises, it is mutually covenanted and agreed
by and between Lessor and Lessee as follows:
1. RENT CONSIDERATION: The Lessee shall pay Lessor as rent for the
demised premises and appurtenances rights the monthly sum of $2,916.67 plus
sales tax (presently 6%) in the amount of $175.00 per month, for a total monthly
rent of $3,091.67 for the first year. Commencing July 2002 (the first month rent
is considered included as part in the whole lease term), and each year
thereafter, the rent shall be adjusted in accordance with Paragraph 4 below.
Rent is due on the first day of each month without demand. The following amounts
shall be paid at execution of this Lease:
Total
Sales Tax Received
---------- ----------
First Month's Rent (July 2002) $ 2,916.67 $ 175.00 $ 3,091.67
Security Deposit $ 3,000.00 N/A $ 3,000.00
----------
Total Received - Due upon execution of lease $ 6,091.67
2. PAYMENT OF RENT: If Lessee shall fail to pay any rent within ten
(10) days of its due date, then Lessee shall also pay to Lessor a daily late
charge of one cent ($.01) per dollar of rent then overdue to cover
administrative expenses involved in handling delinquent payments. All payments
made by Lessee under this Lease shall be applied in the following order: (i)
late charges; (ii) additional rent as such term is defined herein; and (iii)
base rent. Lessee understands that this paragraph does not imply a grace period
and that rent is due on the first day of each and every month. Any payment of
rent after such time shall create a default as defined in Paragraph 23.
3. OPTION TO RENEW: N/A
---------------
4. RENT INCREASES: Base rent shall be increased each year by 3%.
--------------
5. USE PROHIBITED: Lessee shall use the premises solely for the
purpose of offices, storage, printing and distribution of plastic cards. Lessee
shall not use any portion of the premises for purposes other than that specified
hereinabove. All work shall be done within the premises, and no outside storaqe
is permitted.
6. ACCEPTANCE OF PREMISES: Lessee acknowledges that Lessor has not
made any representations or warranties with respect to the condition of the
premises, and neither Lessor or any assignee of Lessor shall be liable for any
latent or patent defect therein. Lessor hereby assigns to Lessee all warranties
made by others to Lessor with respect to improvements on the premises and any
other rights it may have against contractors, suppliers, or others with respect
to negligence or faulty performance in connection with the construction or
repair of such improvements. The taking of possession of the premises by Lessee
shall be evidence that the premises were in satisfactory condition at the time
such possession was taken.
7. LESSEE'S INITIAL REPAIR'S/IMPROVEMENTS: Property to be leased
"as-is" condition. When lessee vacates such property, it shall be turned over in
a clean and working order.
8. GROSS LEASE DEFINED: The expenses attributable to each party are
as follows:
(a) Real Property Taxes: The base year shall be 2002 and shall
be paid by Lessor. Any increase subsequent to base year shall be the
responsibility of Lessee on a pro rata basis (20%) and shall be reimbursed by
Lessee to Lessor immediately upon invoicing by Lessor for such increase.
(b) Fire and Extended Coverage Insurance: The base year shall
be 2002 and shall be paid by Lessor. Any increase subsequent to base year shall
be the responsibility of Lessee on a pro rata basis (20 %) and shall be
reimbursed by Lessee to Lessor immediately upon invoicing by Lessor for such
increase. Lessee covenants that it will do and/or will permit to be done no act
which will increase fire hazard or rate of fire insurance on demised premises,
or any property thereon; that it will obey all state and municipal laws and
regulations relating to fire hazards, fire protections, and sanitation, and that
it will commit no nuisance on the said premises. In the event Lessee's sole use
of the demised premises causes an increase in the insurance premium, then Lessee
shall be responsible for said increase, and such increase shall be paid to
Lessor immediately upon invoicing.
-2-
(c) Maintenance - Exterior: Exterior maintenance shall be paid
by Lessor and shall include lawn, parking area, roof and entire exterior of
building. (For doors, see Paragraph (d) below). Lessee agrees, however, to
instruct employees to assist in "policing" the immediate area around the leased
premises, and both Lessee and its employees are prohibited from indiscriminate
littering which shall be a violation of this lease.
(d) Maintenance - Interior: Interior maintenance shall be paid
by Lessee and shall include all electrical, plumbing, painting, carpet cleaning,
pest control, air conditioning service & repairs and maintenance of all doors in
leased bay.
9. UTILITIES AND TRASH HAULING:
---------------------------
(a) Trash Pickup: Lessee shall be responsible for its own
trash receptacle and removal service.
(b) Water: Lessee shall be responsible for all water and sewer
charges for their pro rata portion. No vehicle washing permitted.
(c) Electric: Lessee shall pay All electrical services on a
separate meter, including FPL hook-up.
(d) Any Other Utilities: All other utilities shall be paid
Lessee.
10. ELECTRICAL AND TELEPHONE SYSTEMS: Lessee's use of electrical
energy in the premises shall not, at anytime, exceed the capacity of any of the
electrical conductors and equipment in or otherwise serving the premises. In
order to insure that such capacity is not exceeded and to avert possible adverse
effects upon the building's electrical service, Lessee shall not, without
Lessor's prior written consent in each instance, such consent not to be
unreasonably withheld, connect appliances or equipment to the building, electric
distribution system, telephone system, or make any alteration or addition to the
electric system of the premises existing on the commencement date. Lessee's
electrical usage under this lease contemplates only the use of normal and
customary business equipment. In the event Lessee installs any equipment which
uses substantial additional amounts of electricity, then Lessee agrees that
Lessor's consent is required before the installation of such additional
equipment. Lessee shall be solely liable for electrical and telephone expenses
relating to the premises, including changes or alterations, if required.
11. PERSONAL PROPERTY TAXES: Lessee shall pay Personal property taxes
(on inventory, furniture, fixtures and equipment, and so forth).
12. SIGNS: Lessee shall have the right to install or cause to be
installed signs advertising its own business on the outside of the building in
areas wherein Lessee is situated. All signs are to be removed or painted over at
the end of the term or at the time it vacates the premises. Signs are at
Lessee's expense, and Lessee must comply with all government authorities having
jurisdiction. Lessee shall submit a sketch to Lessor for approval before any
signage is installed.
-3-
13. INSURANCE:
---------
Liabilility: During the lease term, Lessee shall maintain
in force a policy of insurance insuring Lessor (additional-insured) and Lessee
against its liability for accidents on the leased premises with limits coverage
of not less than $1,000,000 coverage per occurrence for bodily injury and
property damage. Certificate of Insurance shall be furnished to Lessor
reflecting said coverage. Such certificate shall provide for a thirty (30) day
written notice to Lessor in the event of cancellation or material change in
coverage.
14. INDEMNIFICATION BY LESSEE: Lessee shall indemnify and hold Lessor
and all superior lessors and superior mortgagees and his and their respective
partners, directors, officers, agents, employees and beneficiaries (hereinafter
collectively referred to as the "Lessor") harmless from and against any and all
claims from or in connection with:
(a) The conduct or management of the premises or any business
therein, or any work or thing whatsoever done, or any condition created (other
than by Lessor) in or about the premises during the term of this lease or during
the period of time, if any, prior to the commencement date that Lessee may have
given access to the premises;
(b) Any act, omission or negligence of Lessee or any of its
subtenants or licensees or its or their partners, directors, offices, agents,
employees, or contractors;
(c) Any accident, injury or damage whatsoever (unless caused
solely by Lessor's negligence) occurring in, at, or upon the premises;
(d) Any breach or default by Lessee in the full and prompt
payment and performance of Lessee's obligation under this Lease, together with
all costs, expenses and liabilities incurred in or in connection with each such
claim or action or proceeding brought thereon, including, without limitation,
all reasonable attorneys' fees and expenses. In case any action or proceeding be
brought against Lessor and/or superior lessor or superior mortgagee and/or its
or their partners, director, officers, agents and/or employees by reason of any
such claim, Lessee, upon notice from Lessor or such superior lessor or superior
mortgagee, shall resist and defend such action or proceeding (by counsel
reasonably satisfactory to Lessor or such superior lessor or superior
mortgagee).
15. NON-LIABILITY OF LESSOR: Neither Lessor nor any beneficiary,
agent, servant, or employee of Lessor, nor any superior lessor nor any superior
mortgagee shall be liable to Lessee for any loss, injury or damage to Lessee or
to any other person, or to its or their property, irrespective of the cause of
such injury, damage or loss, unless caused by or resulting from the negligence
of Lessor, his agents, servants or employees in the operation or maintenance of
the premises or the building, subject to the doctrine of comparative negligence
in the event of contributory negligence on the part of Lessee or any of its
subtenants or licensees or its or their employees, agents, or contractors.
-4-
Lessee recognizes that any superior mortgagee shall not be liable to Lessee for
injury, damage or loss caused by or resulting from the negligence of Lessor.
Further, neither Lessor, any superior lessor or superior mortgagee, nor any
partner, director, officer, agent, servant, or employee of Lessor shall be
liable:
(a) For any such damage caused by other lessees or persons in,
upon or about the building, or caused by operations in construction of any
private, public, or quasi-public work;
(b) For consequential damages arising out of any loss of use
of the premises or any equipment or facilities therein by Lessee or any person
claiming through or under Lessee, unless proven negligent in performing their
duties through actions or inactions.
16. TRADE FIXTURES AND EQUIPMENT OF LESSEE: All trade fixtures and
equipment which are installed or placed on the leased premises by or at the
expense of Lessee shall remain the property of the Lessee, and Lessee shall have
the right to remove same at any time when it is not in default in any way of its
agreements herein contained, except at the end of the lease term, any
improvements to the structure itself shall become the property of the Lessor.
17. BUILDING ADDITIONS AND RENOVATIONS: Lessee shall not renovate or
alter the building structure in any manner without the prior written consent of
the Lessor, which consent shall not be unreasonably withheld.
18. ROOF AND STRUCTURE: Lessee shall not attach any devices to the
roof members, roof deck, or any portion of the building.
19. ASSIGNMENT AND SUBLETTING: Lessee may assign this lease or sublet
the premises, with the prior approval of the Lessor (said approval not to be
unreasonably withheld), but no such assignment or subletting shall relieve the
Lessee herein named of any of its obligations under this lease, and all
assignees or subtenants shall be bound by the terms and provisions of this
Lease. The sale of all or a controlling interest of stock of Lessee shall be
deemed to be an assignment or sublease for the purposes of this paragraph.
20. SUBORDINATION OF LEASEHOLD: Lessee agrees, upon request by
Lessor, to subordinate its leasehold interest to the lien of any bona fide
mortgage that may be procured by Lessor on the leased premises, provided that
the mortgagee of such mortgage shall permit Lessee to remain in possession of
the leased premises as long as Lessee complied with and performs all of its
covenants and undertakings under this Lease.
-5-
21. DAMAGE BY FIRE OR OTHER CASUALTY: If the leased premises are
damaged by fire or other casualty, the Lessee shall give immediate notice to
Lessor of such damage. If the damage shall amount to less than fifty (50%)
percent loss and damage to the leased building, the Lessor shall immediately
repair the damage and rebuild the building to substantially the same condition
as it was prior to the damage, completing same with all reasonable speed and in
all events within one hundred twenty (120) days from the date of the damage. If
the loss or damage to the leased building shall amount to fifty (50%) percent or
more, the Lessor shall have the option, such option to be exercised within
fifteen (15) days after the date of the damage, to either terminate this Lease
or repair the damage and rebuild the building, and if the latter option is
exercised, the Lessor agrees to repair the damage and rebuild the building to
substantially the same condition it was in prior to the damage, completing same
with all reasonable speed, and in all events within one hundred eighty (180)
days from the date of the damage. In the event of any such damage, the rent
payable under this Lease shall xxxxx in proportion to the impairment of the use
that can reasonable be made of the leased premises until the property can be
rebuilt and repaired, and if the Lease is terminated as herein provided, rent
shall cease as of the date of the damage.
22. EMINENT DOMAIN: During the term of this Lease, In the event any
portion of the leased building is taken by eminent domain, or in the event more
than twenty (20%) percent of the area of the land on which access and parking
rights are hereby granted is taken by eminent domain, or in the event by reason
of taking by eminent domain the Lessee's operation of its business or its access
thereto shall be materially impaired, Lessee shall have the right and option to
terminate this Lease as of the date of taking by eminent domain. Whether or not
Lessee shall exercise such right and option, it shall have and retain its right
to compensation for business loss from the condemning authority in the event of
taking by eminent domain.
23. DEFAULT IN RENT PAYMENT: This Lease shall be in default if Lessee
shall:
(a) Fail to pay any installment of base or additional rents or
other amount (not in dispute) when due and payable, whether or not such payment
shall have been demanded:
(b) Fail to perform or comply with any of the other conditions
or agreements expressed or implied herein and fail to remedy such lack of
compliance within ten (10) days after notice from Lessor of such default;
(c) Abandon, vacate, or not occupy the premises for fourteen
(14) consecutive days;
(d) Liquidate or cease to exist, admit insolvency, seek relief
under any law for the relief of debtors, make an assignment for the benefit of
creditors or be the subject of a voluntary or involuntary petition in bankruptcy
or receivership, or in the event of any like occurrence which, in the sole
judgment of the Lessor, evidences the serious financial insecurity of the
-6-
Lessee, or if the estate hereby created shall be levied upon or taken by
execution or process of law, then and in any of such cases, regardless of any
waiver or consent to any earlier event of default, Lessor, at its option, may
exercise any and all remedies available to Lessor under law, all of such rights
and remedies to be cumulative and not exclusive, including, without limitation,
the following:
(1) a. Lessor may terminate this lease on five (5) days'
written notice to Lessee, and this lease shall terminate on the date specified
therein, and Lessee shall quit and surrender the premises by said date and
remain liable as set forth below;
x. Xxxxxx may enter upon the premises forthwith or at
any subsequent time without notice or demand (which notice or demand is hereby
expressly waived by Lessee) and thereby terminate the estate hereby created, and
expel Lessee and those claiming under it and remove their effects without being
guilty of any manner of trespass, and Lessee shall remain liable as set forth
below. Lessee further agrees that if Lessor shall cause Lessee's goods or
effects to be removed from the premises pursuant to the terms hereof or of any
court order, Lessor shall not be liable or responsible for any loss or damage to
Lessee's goods or effects, and the Lessor's act of so removing such goods or
effects shall be the act of and for the account of Lessee.
c. In the event of termination under Paragraphs (1)a.
or (1)b. above, Lessee shall pay to Lessor as current liquidated damages (i) the
base rent and additional rents and other amounts payable hereunder up to the
time of termination, and (ii) thereafter until the expiration of the then
current term hereof, whether or not the premises shall be relet and as and when
due in accordance with the provisions hereof, the base or additional rents and
other sums payable hereunder if this lease had remained in effect, less the net
proceeds to the Lessor of any reletting, including, without limitation, all
costs, fees and expenses of repossession, brokers, adverting, attorneys, courts,
repairing, cleaning, repainting, and remodeling the premises for reletting.
d. At any time after termination under Paragraphs
(1)a. or (1)b. above, whether or not Lessor shall have collected any amounts
under Paragraph (1)c. above, Lessor shall be entitled, at Lessor's option, to
obtain from Lessee, who shall pay to Lessor on demand as liquidated damages, and
in lieu of amounts payable under Paragraph (1)c. above beyond the date of
Lessor's receipt of such liquidated final damages, either (i) an amount equal to
the present value to the Lessor of the lease as of the time of such demand, or
(ii) the amount, if any, which the aggregate base or additional rents and other
amounts which would be payable to Lessor if this lease remained in effect for
the balance of the then current term exceeds, as of the date of the demand (i)
the aggregate rent reserved for the period ending on the same date as the end of
the then current rent of this lease on any reletting of the premises by the
Lessor, or (ii) if no reletting has occurred by the time of demand hereunder,
the lowest aggregate rent reserved for such period for a like amount of space in
the building.
-7-
e. Without waiving its rights to terminate at any time
under Paragraphs (1)a. and (1)b. above, Lessor may continue this lease in effect
for the remainder of the then current term or any extension, and Lessee shall
remain liable and obligated under all of the covenants and conditions hereof
during said period and shall pay as and when due the base and additional rents
and other amounts payable hereunder as if the Lessee had not defaulted
hereunder. In such event, Lessor may relet the premises for the account of
Lessee crediting the rent received on such reletting to amounts owing by the
Lessee hereunder. The Lessee hereby constitutes the Lessor its attorney-in-fact
to take any and all actions necessary or incidental to such reletting. Such
continuance of this lease shall not constitute any waiver or consent by Lessor
of or to said default or any subsequent default.
(2) In addition to the foregoing remedies and regardless of
which remedies the Lessor pursues, Lessee covenants that it will indemnify
Lessor from and against any loss and damage directly or indirectly sustained by
reason of any termination resulting from any event of default as provided above.
Lessor's damages hereunder shall include, but shall not be limited to, any loss
of rent prior to or after reletting the premises, broker's commissions,
advertising costs, reasonable costs of repairing, cleaning, repainting and
remodeling the premises for reletting, moving and storage charges incurred by
Lessor in moving Lessee's property and effects, and legal costs and reasonable
attorney's fees incurred by Lessor in any proceedings resulting from the
Lessee's default, collecting any damages hereunder, obtaining possession of the
premises by summary process or otherwise, or reletting the premises.
(3) In the event that any court or governmental authority
shall limit any amount that the Lessor may be entitled to recover under this
Paragraph, Lessor shall be entitled to recover the maximum amount permitted
under law. Nothing in the Paragraph shall be deemed to limit Lessor's recovery
from Lessee of the maximum amount permitted under law or of any other sums or
damages which Lessor may be entitled to so recover in addition to the damages
set forth herein.
(4) Nothing in this Paragraph shall be deemed to require the
Lessor to relet the premises or to take any other action with regard to the
premises, and the Lessor shall not be liable for any failure to relet, collect
rent, or take any other action with regard to the premises after termination
under Paragraphs 1. or 2. above. Lessee hereby waives any right of redemption
which it may at any time have by reason of Lessee's default or eviction
hereunder.
(5) The parties hereto expressly agree that this lease and the
estate created hereby shall not continue or inure to the benefit of any
assignee, receiver or trustee in bankruptcy, except at the option of Lessor.
24. ACCESS FOR INSPECTION AND SHOWING: Upon reasonable notice to
Lessee and during normal business hours, Lessor and its agents shall have the
right to enter and/or pass through the premises at any time or times to examine
the premises and to show them to actual and prospective Superior Lessors,
Superior Mortgagees, or prospective purchasers, mortgagees or lessors of the
building. During the period of three (3) months prior to the expiration date of
this lease, Lessor and its agents may exhibit the premises to prospective
lessees.
-8-
25. BREACH OF LEASE: If the Lessee shall fail to perform, or shall
breach any agreement of this lease (other than the agreement of the Lessee to
pay rent) for thirty (30) days after having been given a written notice
specifying the performance required, the Lessor may institute action in a court
of competent jurisdiction to terminate this lease or to compel performance of
the agreement. The losing party shall pay the prevailing party in that
litigation for all expenses of such litigation, including a reasonable
attorney's fee.
26. NOTICES: All rent payments and notices required to Lessor under
this Lease shall be paid and given at or mailed to:
6681 Ltd.
0000 X.X. 00xx Xxx, Xxxxx X
Xxxx Xxxxxxxxxx, XX 00000
or to such other person or firm or at such other place as Lessor shall from time
to time specify in writing to Lessee. All notices given under this Lease to
Lessee shall be given to or mailed to address of leased premises. Any such
notice properly mailed by United States mail, postage and fee prepaid, and
certified-return receipt requested, shall be deemed delivered when receipted
for.
27. DELIVERING PREMISES: Lessee shall deliver the demised premises at
the end of the lease term or extended term, if extended, in the same condition
as at the time of commencement of the lease term, except for ordinary wear and
tear.
28. QUIET ENJOYMENT: Lessor covenants that if Lessee shall pay the
rentals on time and perform its agreements hereunder, Lessor shall and will
protect and defend against any interference with the Lessee's use and quiet
enjoyment of the leased property during the term of this Lease.
29. RADON DISCLOSURE: Radon gas is naturally occurring radioactive
gas that when accumulated in a building in Sufficient quantities may present
health risks to people exposed to it for a long time. Radon gas which exceeds
the federal and state guidelines has been found in buildings in Florida.
Additional information about Radon gas testing may be obtained from your public
health unit. Buyers and Tenants are advised that they have the right to use, at
their expense, a professional engineer, home inspection specialist or other
expert of their choice to inspect the property and provide an analysis of the
property as a condition of a offer to lease or buy.
30. REALTOR AND REALTOR FEES: No Realtor is involved in this
transaction. No obligation for fee exists on the part of Lessee.
-9-
31. RECORDING: This contract is not to be recorded, unless mutually
agreed, in writing, by both parties hereto.
32. PARKING AND DRIVEWAYS: Parking shall not be designated; however,
spaces are generally acknowledged to be available to Lessee in the adjacent area
to the leased building premises, however no more than 7 spaces have been
included in this lease. Lessee shall not barricade the driveways or parking
areas in any manner and shall cooperate with other tenants in the total complex.
In the event of a dispute, Lessor reserves the right to designate parking
spaces.
33. OBSTRUCTION: Lessee shall neither obstruct the sidewalks or
parking lots in front of the building or the premises or the area around the
building or premises in any manner whatsoever.
34. SECURITY DEPOSIT: Lessee has deposited with Lessor the security
deposit in the amount set forth in Paragraph 1 herein for the performance of
each and every covenant and agreement to be performed by Lessee under this
lease. Lessor shall have the right, but not the obligation, to apply the
security deposit in whole or in part as payment of such amounts as are
reasonably necessary to remedy Lessee's defaults in the payment of rent or in
the performance of the covenants or agreements contained herein. Lessee's
liability is not limited to the amount of the security deposit. In the event
that Lessee shall fully and faithfully comply with all of the terms, provisions,
covenants and conditions of this lease, the said security shall be returned to
Lessee within 15 days from the date fixed as the end of the lease and after
delivery to Lessor of entire possession of the demised premises.
35. GENERAL: In referring to Lessee or Lessor, the singular shall
include the plural, and the use of the masculine gender shall include all
genders. The covenants and agreements herein contained shall be binding upon and
endure to the benefit of the parties hereto and their respective heirs, legal
representatives, successors and assigns. This Lease shall constitute a Florida
contract and be construed according to the laws of that state.
36. DOING BUSINESS IN STATE OF FLORIDA: Lessee agrees to file the
necessary papers, if required, with the Secretary of State authorizing Lessee to
do business in Florida and shall accept "service" legally in Florida, if
"service" is required in the future.
37. HAZARDOUS WASTE: Lessee shall comply strictly and in all respects
with the requirements of the hazardous waste related regulations and with all
similar laws and regulations and shall notify Lessor immediately in the event of
any discharge or discovery of any hazardous substances at, upon, under, or
within the leased property. Lessee shall promptly forward to Lessor copies of
all orders, notices, permits, applications, or other communications and reports
in connection with any discharge or the presence of any hazardous substances or
any other matters relating to the hazardous waste laws or any similar laws or
regulations as they may affect the leased property.
-10-
No other agreement, written or verbal, exists unless attached and made
a part hereof.
IN WITNESS WHEREOF, the parties have executed this instrument under
seal the day, month and year hereinafter shown.
WITNESS: LESSOR: 6681 Ltd.
By: /s/ XXXXX X. FEE
------------------------------------ -----------------------------------
Xxxxx X. Fee
LESSEE: Automated Imaging Systems, LLC
By: /s/ XXXX XXXXXXXX
------------------------------------ -----------------------------------
Xxxx Xxxxxxxx
Title: President
-11-
6681, LTD.
AND
AUTOMATED IMAGING SYSTEMS
11/25/02
ADDENDUM TO LEASE
-----------------
Pursuant to all terms and conditions of the current lease dated June 15, 2002
between 6681, Ltd. (Owner) and Automated Imaging Systems (Tenant), the following
space (+/-1,155 sf) will be added.
----------------------------------------------------------- -----------
First month's rent (Dec. '02) $ 715.00
----------------------------------------------------------- -----------
Security Deposit 1,000.00
-----------
----------------------------------------------------------- -----------
Due upon final execution of this agreement $ 1,715.00
----------------------------------------------------------- -----------
Additional conditions to this addendum:
1. All costs associated with all construction of new wall, door, electric,
etc. provided by tenant. Permit and construction by tenant.
2. Any costs associated with the relocation of existing electrical and the
relocation of 6691 storage racks.
3. Tenant shall pay for any costs associated with putting space back to it
original condition (as of 11/20/02), including all construction costs.
4. See attached revised floor plan dated 11/18/02.
6681, Ltd. Automated Imaging Systems
/s/ XXXXX X. FEE /s/ XXXXXXX XXXXXXX
------------------------------------ ---------------------------------------
Xxxxx X. Fee Xxxxxxx Xxxxxxx
Manager President