STATE OF LOUISIANA
PARISH OF ▇▇▇▇▇▇▇▇▇▇
BUSINESS DEVELOPMENT CENTER LEASE AGREEMENT
THIS LEASE CONTRACT made and entered into this day by and between ▇▇▇▇▇
Business Development Center, hereinafter referred to as "Lessor", and Trident
Technologies Corporation, represented by ▇▇▇▇ Spring, hereinafter referred to
as "Lessee":
WITNESSETH
1. Lessor does hereby lease Lessee the building space designated as Suites 3
& 4 in the ▇▇▇▇▇ Business Development Center, 1810 S. Range Avenue,
▇▇▇▇▇▇▇▇▇▇ Parish, ▇▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇.
2. The Lease period shall be for and during a term of six (6)months
beginning March 1, 2000 and ending August 31, 2000.
3. Lessee agrees to pay $0 (current tenant) as deposit. The lessee agrees
to pay $600 per month for all subsequent payments of rent, which includes
utilities and janitorial, and are payable in advance on or before the 5th day
of each month.
4. Lessee agrees not to sublet the premises or any portion thereof or
assign this lease without the written consent of Lessor; to permit no waste of
the premises, but on the contrary, to take good care of them, and upon
termination of this lease to surrender possession of the premises without
notice in as good a condition as at the commencement of the original lease
term, including any extension, reasonable wear and tear excepted.
5. Lessee agrees to comply with all laws and city ordinances and
governmental regulations affecting the use or occupancy of the premises being
leased, and to fully relieve Lessor from any compliance therewith or violation
thereof.
6. Lessee agrees to pay all personal property taxes and license fees
assessed or incurred by reason of Lessee's use and occupancy of the premises.
Lessor shall pay ad valorem taxes that may be imposed upon the premises.
7. Lessor shall carry fire and extended coverage insurance on the buildings
and improvements located on the premises in such amount as he, in his
discretion, shall determine.
8. Lessee agrees to take proper care of and protect the premises from
damage and shall be accountable for failure to exercise reasonable diligence
in doing same. Any repairs to the utilities, sewerage, building or other
systems, necessitated through the fault of negligence of the Lessee, his
agents, employees, or customers during the term of this lease shall be made at
the expense of the Lessee. The Lessor shall be responsible for normal
maintenance of the premises.
9. Lessee will have the right, with the prior written consent of Lessor, at
Lessee's sole cost and expense, to alter the premises, including erection of
business signs, as Lessee sees fit to meet his business needs, otherwise
remodel and improve the premises so long as such alteration does not in any
way in the opinion of Lessor render the premises less valuable to the Lessor
or such other Lessees as may in the future occupy the premises. Any such
alterations, additions or improvement to the premises made by the Lessee shall
become property of the Lessor upon the termination of this lease or any
extensions thereof, and shall be made only after written consent for same is
extended from Lessor, provided, however, that such consent shall not be
unreasonably withheld.
10. Lessee hereby declares that the equipment and fixtures which he will
place on the premises will be his own property and will not be encumbered, and
shall be subjected to the lien of Lessor for rent of said premises. The
Lessee, however, shall have the right to purchase equipment upon a lease
purchase agreement, chattel mortgage, or conditional sales contract, or like
security agreement, and so long as the payments thereunder are current and not
delinquent, such conduct shall not be deemed a breach of this lease.
11. Lessee agrees to indemnify and hold Lessor and ▇▇▇▇▇ Electric Membership
Corporation harmless from liability for any and all damages of whatever type
or nature, including court costs and attorney's fees which may be suffered by
any person as a result, either directly or indirectly, of any act or failure
to act of Lessee or any of Lessee's agents, representatives or employees
during the term of this lease. Lessee shall carry at his expense public
liability insurance with Lessor named as an additional insured, with limits of
not less than $100,000 per person, $300,000 aggregate per each occurrence and
$50,000 property damage. Lessee shall furnish Lessor certificates showing
such insurance in force at all times.
12. It is mutually agreed that if the premises are made wholly or partially
untenable during the term of any extension whereof by fire or casualty, Lessor
and Lessee agree that they will use all the proceeds of the hazard insurance
collectible for such casualty to restore the premises to substantially their
former condition. If said insurance proceeds are insufficient for such
purposes and if Lessor is unwilling to spend more, the Lessee shall have the
option to pay balance necessary for such purpose, or if he is unwilling to do
so, then either party shall have the right to terminate the lease. During
such time as the premises are rendered wholly or partially untenable, the rent
shall ▇▇▇▇▇ pro rata, and the payment of full rent shall begin as soon as the
premises are restored.
13. It is further understood and agreed that the Lessor shall not be liable
for any damage that may occur on account of any defect of said building or
premises, or from fire, rain, wind or any other cause. Nothing herein is
intended to limit any liability of ▇▇▇▇▇ Electric Membership Corporation as
owner of said building and/or premises for any damage that may occur on
account of any defect in said building or premises, or from fire, rain, wind
or other cause, not attributed to the Lessee.
14. It is further agreed by the parties hereto that should the Lessee fail
to pay the rent as it becomes due and suffer the same to remain unpaid for a
period of fifteen (15) days, or if the Lessee should violate or fail to comply
with any other stipulation and agreement
in this lease and suffer the same to remain uncorrected for a period of
fifteen (15) days after written notice thereof has been given by the Lessor to
the Lessee, the Lessor shall have the right, at his option, to declare all of
the remaining installments of rent forthwith due and payable at once and shall
have the right and privilege to proceed for the collection thereof in any
manner permitted under the laws of the State of Louisiana. Lessee further
agrees to pay all costs and expenses of collecting the rent or of enforcing
performance of any of the provisions of this lease, including all reasonable
attorney's fees properly incurred by the Lessor in the collection of rents
hereunder or the enforcement of the Lessor's rights hereunder.
15. The failure of either party hereto insist upon strict performance of
any of the covenants or conditions of this lease or to exercise any option
herein conferred, in any one or more instances, shall not be construed as a
waiver or relinquishment of any such covenants, conditions or options, but the
same shall be and remain in full force and effect.
16. It is understood and agreed that the words of Lessor and Lessee,
wherever used in the agreement, include legal representatives, heirs,
successors or assigns of the Lessor and Lessee, respectively, as if each time
fully expressed.
17. This agreement is executed in duplicate with each copy considered an
original. One copy is delivered to each of the parties to this lease and by
the execution hereof, each party acknowledges receipt of said copy.
WITNESS the execution hereof on this 6th day of March, 2000.
/s/ ▇▇▇▇ Spring /s/ Skip Snow
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Lessee Lessor
/s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇ /s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇
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Witness Witness
