EXHIBIT 10.8
LEASE AGREEMENT
This is a contract between Inmobiliaria Xxxxxx S.A. RUT., 96.825.080-9, located
at Xxxxxxxxxx 00, xx 000, Xxxxxxxx, Xxx Xxxxxx, represented by Xxxxxxx Xxxxxxxx
Xxxxx, ("Lessor"), and Kentucky Foods Chile S.A., represented by Xxxxxxxx
Xxxxxxx Xxxxxxx, ("Lessee") are in agreement with the following:
FIRST: Inversiones Xxxxxx S.A. leases to Kentucky Foods Chile S.A., the
commercial property located at Xxxxxxxxxx 25, of 102 of Las Condes of the
Metropolitan area along with the following offices: #35, 36, 37, 38, 52, 64, 65,
66, 67, 104, 105, 139, 140, 141, 142 and store #'s 8 and 16.
SECOND: The monthly rent will be paid in the first five days of each month to
the Lessor as follows:
Administrative offices 380 m2, a UF 0.57 m2 UF 216.00
15 locations m UF 3.00 o/u 45.00
2 stores No.'s 8 and 16 UF 4,50 c/u 9.00
TOTAL UF 278.00
The rent will be increase automatically by 10% at the end of the 5th year.
THIRD: The present agreement has been in effect since May 1, 1997 and will be
in effect for ten years. It will automatically be renewed for the same period of
time. If either side decides not to renew this contract then they must send a
certified letter 90 days prior to the expiration of this agreement.
FOURTH: The LESSEE has in its possession and is totally satisfied with the
locations.
FIFTH: The LESSEE will be responsible for the expenses to keep the location in
good and clean condition.
SIXTH: The LESSEE shall pay all electric, gas water, etc...bills.
SEVENTH:
EIGHTH: The LESSOR is not responsible for any damages occurred by fire, flood,
accidents, etc...
NINTH:
TENTH: The solicitorship of Xxxxxxx Xxxxxxxx Xxxxx as representative of
Inmobiliaria Xxxxxx S.A is recorded in the public records on April 24, 1997
before the notary public by the name of Xxxx Xxxxxxxxx Xxxx.
ELEVENTH: The solicitorship of Xxxxxxxx Xxxxxxx Xxxxxxx as representative of
Kentucky Foods Chile S.A. is recorded in the public records on October 21, 1994
before the notary public by the name of Xxxxxxx de xx Xxxxxx Fabres.
This present agreement is signed by both individuals on May 2, 1997 in Santiago,
Chile.
