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EXHIBIT 10.08
LEASE AGREEMENT
THIS AGREEMENT IS MADE AND ENTERED INTO ON THIS 1ST, DAY OF MAY, 1998 BY AND
BETWEEN XXX XXXXX AND XXX XXXXXX, ( XXXXX AND XXXXXX ) INDIVIDUALS RESIDING IN
THE STATE OF OKLAHOMA AND FIBR-PLAST CORPORATION, AN OKLAHOMA CORPORATION.
WHEREAS XXXXX AND XXXXXX CURRENTLY HAVE A LEASE ON THE OFFICE SPACE LOCATED AT
0000 X. XXXXXXX XX XXXXX XXXXXXXX, (0000 SQ. FT.), AND WHEREAS FIBR-PLAST
CORPORATION HAS EXPRESSED A DESIRE TO SUB-LET THE PREMISES FROM XXXXX AND
XXXXXX. XXXXX AND XXXXXX AGREE TO SUB-LET TO FIBR-PLAST UNDER THE FOLLOWING
TERMS AND CONDITIONS:
A) FIBR-PLAST WILL PAY NEODYNE A MONTHLY RENTAL PAYMENT OF $2,500,00 FOR
SPACE AND AN ADDITIONAL $450.00 FOR EQUIPMENT AND FURNITURE ($2950.00
TOTAL) DUE AND PAYABLE ON THE FIRST DAY OF EACH MONTH.
B) THIS AGREEMENT SHALL BE BINDING FOR A PERIOD OF TWO YEARS FROM THE
ABOVE DATE (MAY 1ST, 1998.)
C) FIBR-PLAST AGREES TO ABIDE BY ALL OF THE RULES AND REGULATIONS PROVIDED
IN THE ORIGINAL LEASE AGREEMENT ( ATTACHED EXHIBIT "A" )
D) IN THE EVENT OF NON-PAYMENT OR NON-COMPLIANCE TO THIS AGREEMENT OR TO
THE PROVISIONS OF THE ORIGINAL LEASE XXXXX AND XXXXXX SHALL HAVE ALL
RIGHTS AS PROVIDED FOR BY THE LAWS OF THE STATE OF OKLAHOMA.
E) ALL STATUTORY PROVISIONS UNDER OKLAHOMA SHALL BE APPLICABLE TO THIS
AGREEMENT.
F) SO AS NOT TO PUT A FINANCIAL BURDEN ON FIBR-PLAST CORPORATION XXXXX AND
XXXXXX AGREE TO TAKE RENTAL PAYMENTS AS FUNDS ARE AVAILABLE TO THE
CORPORATION DURING THE FIRST YEAR OF THE AGREEMENT
AGREED AND ACCEPTED BY: AGREED AND ACCEPTED BY:
/s/ Xxx Xxxxx /s/ Xxx Xxxxx
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XXX XXXXX FIBR-PLAST CORPORATION
XXX XXXXX, PRESIDENT
/s/ Xxx Xxxxxx
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XXX XXXXXX
