Exhibit 6.5
LEASE AGREEMENT
This LEASE dated the 7th day of June, 1997 between XXXXX X. XXXXXXXX,
hereinafter called "Lessor" of 000-X Xxxxxxxx Xxxx, Xxxxx Xxxx Xxxxx, XX 00000,
627-0330 and AUTOMAX USA Inc., a Florida Corporation hereinafter collectively
called "Lessee".
IT IS AGREED THAT Lessor, in consideration of payment of the rents and
performance of all of the terms and agreements herein, does hereby lease and
demise unto said Lessee the promises consisting of the commercial building
containing approximately 500 square feet of space and the parking area around it
as shown on Exhibit "A" located at 0000 Xxxxx Xxxxxxxx Xxxxx, in the City of
Xxxx Xxxx Xxxxx, 00000, Xxxxxx xx Xxxx Xxxxx, Xxxxx of Florida.
1. Term of Lease: Said premises are Leased for a term of one year commencing on
June 7, 1997 (the "Commencement Date") and ending June 6, 1998 with an option to
renew this lease for an additional five year period as provided Paragraph 32
herein.
2. Rent: (a) Lessee agrees to pay Lessor Monthly Rental as follows beginning
with the Commencement Date.
YEAR ONE 6/7/97 to 6/6/98 $3500/mo for 12 months=$42,000+6% sales=$3710
OPTION YEARS
TWO 6/7/98 to 6/6/1999 $3600/mo for 12 months=$43,200 + sales tax
THREE 6/7/99 to 6/6/2000 $3700/mo for 12 months=$44,000 + sales tax
FOUR 6/7/00 to 6/6/2001 $3800/mo for 12 months= 45,600 + sales tax
FIVE 6/7/01 to 6/6/2002 $3900/mo for 12 months= 46,800 + sales tax
SIX 6/7/02 to 6/6/2003 $4000/mo for 12 months= 48,000 + sales tax
(b) The above rental is payable monthly in advance for each and every calendar
month of the term of this Lease, without any demand, notice, offset or deduction
whatsoever, in lawful (legal tender for public or private debts) money of the
United States of America, at the office of Lessor or elsewhere as designated
from time to time by Lessor's with written notice to Lessee.
(c) In addition to the rent, Lessee shall and hereby agrees to pay to Lessor
each month a sum equal to any sales tax on rent based upon the amount of rent
collected hereunder. As of the date of this Lease, the aforementioned Florida
Sates Tax of 6% of the annual base rental. Nothing herein shall, however, be
taken to require Lessee to pay any part of any Federal and State Taxes on income
imposed upon Lessor.
33. Brokerage: The parties hereto represent and warrant to each other that they
have dealt with no broker, finder or agent.
34. Personal Guaranty- This lease is subject to Lessee signing the personal
guaranty attached to this Lease and said guaranty being in full force and effect
until the lease is terminated.
35. Radon Gas Disclosure Language: The following is set forth pursuant to
Chapter 88-285 Laws of Florida.
Radon is naturally occurring radioactive gas that, when it has accumulated in a
building in sufficient quantities, may present health risks to persons who are
exposed to it over time. Levels of radon that exceed federal and state
guidelines have been found in buildings in Florida. Additional information
regarding radon and radon testing may be obtained from your county public health
unit.
Signed, sealed and delivered
in the presence of:
Lessee:
/s/ [ILLEGIBLE] /s/ [ILLEGIBLE]
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Automax, USA, Inc., it's V. President
/s/ Xxxxxx [ILLEGIBLE] ------------
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/s/ [ILLEGIBLE] /s/ Xxxxxxx Xxxxxxx
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Xxxxxxx Xxxxxxx
/s/ Xxxxxx [ILLEGIBLE]
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/s/ [ILLEGIBLE] /s/ Xxxx Xxxxxxx
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Xxxx Xxxxxxx
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/s/ [ILLEGIBLE] /s/ Xxxxx Xxxxxxx
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Xxxxx Xxxxxxx
/s/ Xxxxxx [ILLEGIBLE]
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Lessor:
/s/ [ILLEGIBLE] /s/ Xxxxx X. Xxxxxxxx
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Xxxxx X. Xxxxxxxx
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PERSONAL GUARANTY
For $10.00 and other valuable consideration the receipt of which is here
acknowledged, the undersigned ("Guarantors") jointly and severally for
themselves, representatives, successors and assigns, hereby unconditionally
guarantee to Xxxxx X. Xxxxxxxx, ("Lessor"), and its successors, participants,
endorses or assigns, the due performance and full and prompt payment, whether at
maturity or by acceleration or other-wise, any and all of the obligations and
indebtedness of Xxxxxxx Xxxxxxx, Xxxx Xxxxxxx, Xxxxx Xxxxxxx, and Auto Max, Inc
('Lessee'), to Lessor, by Lessee, dated June 7, 1997, ('Lease').
The undersigned, jointly and severally, (a) hereby become surety to the Lessor
of the within lease, its successor, endorsees, and assigns, for the payment of
the within lease, and hereby unconditionally guaranty the full and prompt
performance of all of the obligations of Lessee under the Lease, including, but
not limited to the obligations relating to environmental matters and restoration
of the premises, and all extensions or renewals thereof and all sums payable
under or by virtue thereto, including, without limitations, all amounts of
rental and additional rental payments and all expenses (including attorney's fee
through the appellate level) incurred in the collection thereof, the enforcement
of rights thereunder with respect to any security therefore and the enforcement
hereof and waive presentment, demand, notice of dishonor, protest and all other
notices whatsoever; and (b) consent and agree (1) that all or any of the
collateral, if any, may be exchanged, related, surrendered or sold from time to
time, (2) that the payment of the lease, or any of the liabilities of the maker
thereof, may be extended or renewed any number of times and for any period
(whether or not longer than the original term of said lease), (3) that the
holder of said lease may grant any releases, compromises or indulgences with
respect to said lease or any extensions or renewals thereof of any security
therefore or to any party liable thereunder or hereunder (including, but not
limited to, failure or refusal to exercise one or more of the rights or remedies
provided by said lease), and (4) that any of the provisions of said lease may be
modified; all without notice to or consent of any, without affecting the
liability of the undersigned as endorsers and sureties, and further consent and
agree that any of the undersigned may be sued by the holder hereof with or
without first or contemporaneously suing any such other person, or otherwise
seeking or proceeding to collect from them or any of them, and without first or
contemporaneously undertaking to enforce any rights with respect to any
security.
In Witness Whereof, the undersigned has caused this Guaranty to be properly
executed this 7th day of June, 1997
Signed, sealed and delivered
in the presence of: GUARANTORS:
/s/ [ILLEGIBLE] /s/ Xxxxxxx Xxxxxxx
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Xxxxxxx Xxxxxxx
/s/ Xxxxxx [ILLEGIBLE]
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/s/ [ILLEGIBLE] /s/ Xxxx Xxxxxxx
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Xxxx Xxxxxxx
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/s/ [ILLEGIBLE] /s/ Xxxxx Xxxxxxx
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Xxxxx Xxxxxxx
/s/ Xxxxxx [ILLEGIBLE]
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