LEASE AGREEMENT
THIS LEASE AGREEMENT ("Lease"), made as of the ______ day of May, 1999,
by and between Treetops of Jacksonville, L.C., whose address is 0000 X.X. 00xx
Xxxxxx, Xxxxx X, Xxxxxxxxxxx, Xxxxxxx 00000 ("Lessor"), and Universal Beverages,
Inc., whose address is 7563 Philips Highway, The Treetops Park, Waterside
Building, Suite ____, Xxxxxxxxxxxx, Xxxxxxx 00000 ("Lessee").
WITNESSETH
The Lessor hereby leases and rents unto the Lessee and the Lessee
hereby hires and takes from the Lessor the following described property ("Leased
Premises"), to wit:
Space designated as Suite comprising approximately 2,000 square feet,
as shown on Exhibit A attached hereto to be improved pursuant to the office
layout plan as shown in Exhibit B and made a part hereof, located at 0000
Xxxxxxx Xxxxxxx, Xxxxxxxxx Xxxxxxxx, Xxxxx 000, Xxxxxxxxxxxx, Xxxxxxx 00000,
such building and any other building forming a part of the office complex and
related facilities owned by the Lessor being herein referred to as the "Project"
located in the County of Xxxxx, State of Florida.
1. TERM:
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Lessee to have and to hold above described premises for a term of 12
months, commencing 6/1/99, and ending on 5/31/00, on the terms and conditions
set forth herein.
2. RENTS:
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(a) Base Rent. Lessee hereby covenants and agrees to pay as monthly
base rent:
Rental Monthly Sales Tax
Period Base Rent at 6.5% Total
------ --------- ------- -----
6/l/99-5/31/00 $2,41667 $157.08 $2,573,75
in lawful United States currency, together with any and all sales use taxes
levied upon the use and occupancy of the Leased Premises in advance and
beginning on the commencement date of this Lease and on the first day of each
and every month thereafter throughout the term of this Lease as follows, Rent
shall be paid to Lessor without set off or deduction. In order to defray the
additional expenses involved in collecting and handling delinquent payments,
Lessee shall pay on demand in addition to any rent due hereunder a later charge
equal to the lesser of 10% of the base monthly rent or One Hundred Fifty Dollars
and no/100 ($150.00) when any installment of rent is past due more
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than ten (10) days after the due date thereof Lessee acknowledges that this
charge is made to compensate Lessor for additional costs incurred by Lessor as a
result of Lessee's failure to pay when due, and is not a payment for the
extension of the rent due date. Failure of Lessor to insist upon the payment of
the late charge, isolated or repeated, shall not be deemed a waiver of Lessor's
fights to collect such charge for any future delinquencies.
If Lessee's possession commences on other than the first day of the
month, Lessee shall occupy the Leased Premises under the terms and provisions of
this Lease and for the pro rata portion of said month rent shall be paid and the
term of this Lease shall commence on the first day of the month following that
in which possession is given.
(b) Operating Expense. It is understood and agreed that the Base Rent
specified herein does not anticipate any increase in the operating expenses of
the Property. Therefore, Lessee shall pay in Additional Rent the anticipated pro
rate share of any increases in operating expenses (as hereinafter defined) in
excess of an amount equal to $5.46 per square foot of the Lease Premises per
annum, An operating expense budget shall be submitted to Lessee by December 31
(or reasonable time thereafter), of each lease year, outlining Lessor's
anticipated operating expenses for the Project during the next calendar year and
Lessee's pro rata share of these operating expenses. Commencing with January's
rent payment date and until further notice from the Lessor of any adjustment,
Lessee shall remit as Additional Rent one-twelfth (1/12) of the anticipated
increases in operating expenses to the scheduled Base Rent. Lessee's share of
said increases shall be equal to that proportion of the total building area of
the Project which the Lewd Premises represents, and is agreed to be 8.33 percent
of such increase in Lessee's anticipated pro rata share for the first and lag
lease years shall be prorated based on the number of days of those lease years
coinciding with the calendar year budget then in effect.
(c) Definition of Base Year. For the purpose of ascertaining the amount
of increase in operating expenses in any subsequent year, the term "base year"
shall mean the calendar year of 1997. In the event the Project has not been in
full operation during the entire base year, the operating expenses incurred
during the months of operating within the base year shall be annualized as to
arrive at an equivalent total annual operating expense amount for said base year
and that annualized amount shall be used for the purposes of ascertaining future
increases in operating expenses during subsequent calendar years.
(d) Definition of Operating Expenses. The term "operating expenses"
shall be deemed to include, but not limited to, the following costs incurred in
the normal operating, preventive and corrective maintenance and repair of office
complex and any parking lot, landscaping, and other common areas used in
conjunction therewith, whether paid to employees of Lessor or to independent
suppliers or contractors engaged by Lessor; wages and salaries, taxes imposed in
respect to wages and salaries (including social security, unemployment insurance
and disability insurance), fringe benefits, and worker's compensation insurance
with respect to such wages and salaries, full costs and fees, expenses and
charges such as management fees, janitorial services, security guards, garage
cleaning, window washing, rubbish removal, elevator preventive and corrective
maintenance, air
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conditioning maintenance, water treatment, filter replacement, inspection and
maintenance of turbine equipment, pump and piping, supply and cleaning of
uniforms and work clothes, cost of utilities, including electricity and gas
consumed in the operating and maintenance of the Project, water charges, sewer
charges, pressure vessels, sprinkler leakage, water damage, water damage legal
liability, public liability and property damage, accidental breakdown or
malfunction of machinery, air conditioning systems and heating systems and
electrical fixtures and apparatus, pest control service, building supplies,
insurance premiums, real estate taxes, including any special assessments levied
against the property, interior and exterior building preventive and corrective
maintenance, grounds parking lot or garage preventive and corrective
maintenance, repair and general maintenance not of a capital nature; and the
cost of all supplies and taxes improved in any one or more of the foregoing.
The operating expenses shall not include the cost of any repairs or
replacements which, by sound accounting practices, should be capitalized. In
this connection, the decision of Lessor's accountants shall be final,
(e) Statement and Payment of Expenses. On or before March 31 (or within
a reasonable time thereafter), following the base year and each year thereafter
during the term of the Lease and the month in which the Lease terminates, Lessor
shall deliver to Lessee a statement setting forth the amount of operating
expenses paid or incurred by Lessor, directly or indirectly, ensuring the
immediately preceding calendar year and in the case of the month of termination
based upon an annualization of such expenses incurred through the month
preceding the month of termination and, except in the statements for the base
year, comparable to figures for the base year. Said statement shall delineate
Lessee's actual pro rata share of the demonstrated increases in operating
expenses for said preceding calendar year or annualized period in relation to
the base year. Within thirty (30) days after delivery of said statement, other
than the statement immediately following the base year, Lessee shall pay to
Lessor as Additional Rent Lessee's share of such increases in operating expenses
not previously collected. If the term of this Lease Agreement begins after
January 1 or ends prior to December 31, Lessee's share of the increases in
operating expenses shown on the statement delivered at the end of such year
shall be reduced proportionately and paid as aforesaid. In the event Lessee's
share of such increases in operating expenses is less than the amount previously
anticipated and collected by Lessor, Lessee's share of anticipated increases in
operating expenses scheduled for the calendar year shall be reduced
proportionately or in the event the Lease Agreement has terminated, any excess
shall be applied to sums owed to Lessor, and if none, then shall be remitted to
Lessee, Tenant will not be required to pay overage expenses in 1997. Disclosure
of this confidential information by Tenant to existing or prospective tenants
will result in penalty payment of 2 x waived amount.
3. USE AND POSSESSION:
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(a) Use. It is understood that the Leased Premises are to be used for
general office purposes and for no other use without prior written consent of
Lessor.
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(b) Possession. The Lessor agrees to have the Leased Premises completed
and ready for possession on or before the above commencement date bating
strikes, insurrection, Acts of God and other casualties or unforeseen events
beyond the control of the Lessor. If Lessor is unable to give possession of the
Lease Premises on the date of the commencement of the initial term of the Lease
Agreement by reason of the holding overt of any prior Lessee or Lessees,
incomplete construction, or for any other reason, unless the same shall result
from causes attributable to the Lessee, an abatement or diminution of the rent
to be paid hereunder, for the period of time Lessor is unable to give
possession, shall be allowed Lessee and the term of the Lease shall be wended
beyond the agreed expiration date by the number of days possession was delayed
and said abatement of rent shall be the full extent of Lessor's liability to
Lessee for any loss or damage to Lessee on account of said delay in obtaining
possession of the Leased Premises. If the Leased Premises have not been tendered
ninety days after the scheduled commencement date, Lessee shall have the right
to terminate this Lease after fifteen days written notice to the Lessor,
(c) Expiration of Term. The Lessee, at the expiration to the term,
shall deliver up the Leased Premises in good repair and condition, damaged
beyond the control of the Lessee, reasonable use, ordinary decay, wear and tear
expected. The Lessee further agrees to provide and use carpet mats for all desk
areas in order to prevent the unnecessary wear and tear on the carpeted area.
4. ACCEPTANCE OF PREMISES:
-----------------------
Lessee acknowledges that it has fully inspected and accepts the Leased
Premises in its present condition and "as is," or, in the event the Leased
Premises is yet to be constructed, that it has reviewed the drawings and
specifications for said construction and will accept the Leased Premises when it
is constructed substantially in accordance with said drawings and
specifications, and in either event, that the Leased Premises is suitable for
the use specified herein. Upon Lessee accepting possession of the Leases
Premises, it shall execute and deliver to Lessor a certificate of occupancy in a
form reasonably acceptable to Lessor certifying that it accepts the Leased
Premises in its then "as is" condition and stating the date upon which occupancy
and the term has commenced, otherwise, Lessee shall be deemed to have accepted
the Leased Premises in its then "as is" condition and the term shall be deemed
to have commenced on the date specified in Paragraph 1 hereof
5. SALES AND USE TAX:
------------------
Any sales, use or the tax, excluding State and/or Federal Income Taxes,
now or hereafter imposed by the United States of America, the State, or any
political subdivision thereof, shall be paid monthly or annually as required as
Additional Rent by the Lessee notwithstanding the fact that such statute,
ordinance or enactment imposing the same may endeavor to impose the tax on the
Lessor, and Lessee's Base Rent shall be increased by an amount sufficient to pay
any such tax or taxes. The sale or use of tax now imposed in the State of
Florida is 6.5%,
6. NOTICES:
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For purpose of notice or demand, the respective parties shall be served
by certified or registered mail, addressed to the Lessee at its home office
address, it stated herein, or addressed to the Lessor as shown on Page One
hereof with a copy addressed to Xxxxxx Realty, 0000 Xxxxxxxxxx Xxx, Xxxxx 000,
Xxxxxxxxxxxx, Xxxxxxx 00000, telephone (000)000-0000, FAX (000)000-0000.
Lessee's home office address is 0000 Xxxxxxx Xxxxxxx, Xxxxx 000, Xxxxxxxxxxxx,
Xxxxxxx 00000.
7. ORDINANCES AND REGULATIONS:
---------------------------
The Lessee hereby covenants and agrees to comply with all the rules and
regulations of the Board of Fire Underwriters, Officers or Board of the City,
County or State having jurisdiction over the Leased Premises, and with all
ordinances and regulations or governmental authorities wherein the Leased
Premises are located, at Lessee's sole cost and expense, but only insofar as any
of such rules, ordinances and regulations pertain to the manner in which the
Lessee shall use the Leased Premises, the obligation to comply in every other
case, and also all cases where such rules, regulations and ordinances require
repairs, alterations, changes or additions to the Project (including the Leased
Premises) or building equipment, or any part of either, are hereby expressly
assumed by Lessor, and Lessor covenants and agrees promptly and duly to comply
with all such rules, regulations and ordinances, with which Lessee has not
herein expressly agreed to comply. Said Leased Premises shall not be used for
any unlawful purposes nor shall it be used so as to constitute a nuisance.
8. SIGNS:
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The Lessee will not place any signs or other advertising matter or
material on the exterior or on the interior where they can be seen from the
exterior, of any of the Leased Premises without the written consent of the
Lessor, and any lettering or signs placed on a portion of said building shall be
for directional purposes only and at Lessee's expense, and such signs shall be
approved in writing by Lessor, at Lessor's sole discretion.
9. UTILITIES AND SERVICES:
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(a) Utilities. So long as Lessee is not in default under any of the
covenants of this Lease Agreement, Lessor shall furnish and maintain (a) heat
and air conditioning, Monday through Friday, during normal business hours (7:00
a.m. to 6:00 p.m.) and at such other times as Lessor in its sole discretion
deems necessary for normal office occupancy and for the comfort of Lessees and
occupants of the Property, (b) in common areas, water for drinking fountain and
toilet and lavatory purposes only, (c) janitorial services, (d) flourescent
ceiling lighting fixtures which will make available to Lessee light at desk
level similar to that furnished other Lessees in the Property; and (e)
electricity for light and ordinary office purposes.
(b) Use by Lessee. Lessee agrees to exercise due care and prudence in
the use of utilities at all times, and to comply with all Federal, State, and
local guidelines concerning same. In the event Lessor incurs electrical costs
resulting from Lessee's use of the Leased Premises during periods other
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than normal business hours, Lessee agrees to reimburse Lessor for that portion
of the costs which are attributable to the additional use Lessor shall submit to
Lessee a statement itemizing the additional use and the cost thereof, and Lessee
shall pay such sums to Lessor with the next due rental payment. Lessor in
furnishing the foregoing services does not contemplate occupancy involving
extraordinary consumption of electricity or generation of heat affecting
temperatures otherwise normally maintained by the air conditioning system,
Lessor reserves the right to discontinue temporally any of the aforesaid
services where necessary by reason of accident, need for repairs, strikes, labor
disputes, or the necessity for alterations or improvements requested by Lessee
or causes beyond Lessor's control, Lessor shall be liable for damages for such
discontinuance and there shall be no abatement or reduction in rent unless
Lessor fails to take prompt action to restore such services.
(c) Excess Use of Utilities. If Lessee shall require water in the
Leased Premises or electrical current in excess of that usually furnished or
supplied to the Leased Promises when used as general office space, including but
without limitation thereto, electrical heating or refrigeration equipment,
electronic data processing machines, punch card machines, machines or equipment
using cur-rent in excess of 110 volts or which will in any way increase the
amount of water or electricity usually furnished, Lessee will procure prior
written approval from Lessor and make arrangements to pay periodically for the
additional direct expenses involved, including any installing costs thereof
Further, use of utilities including H.V.A.C. during hours other than "normal
business hours" as described herein will result in additional charges. Lessee
agrees to reimburse Lessor immediately following the rendering of a xxxx to
Lessee for any such charges incurred.
10. ALTERATIONS:
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Lessee shall maintain Leased Premises and every part thereof in good
repair and condition, damage thereto by fire, windstorm, Acts of God, or the
elements excepted. Lessee shall not make or suffer to be made any alterations,
additions, or improvements to or of the Leased Premises or any part thereof
without prior written consent of Lessor. In the event Lessor consents to the
proposed alterations, additions or improvements, the same shall be at the
Lessee's cost and expense and Lessee shall hold the Lessor harmless on account
of the cost thereof. Any such alterations shall be made at such times and in
such mariner as not to unreasonably interfere with the occupation, use and
enjoyment of the remainder of the building by the other tenants thereof If
required by Lessor, such alterations shall be removed by Lessee upon the
expiration or sooner termination of the term of this Lease and Lessee shall
repair damage to the premises caused by such removal, all at Lessee's cost and
expense, Lessee shall be liable for injuries sustained during the installation,
existence or removal of same.
Lessee agrees not to suffer or permit any lien of any mechanic or
materialman to be placed or filed against the Project or the Leased Premises. in
case any such lien shall be filed, Lessee shall immediately satisfy and release
such hen of record. If Lessee shall fail to have such lien immediately satisfied
and released of record, Lessor may, on behalf of Lessee, without being
responsible for making any investigation as to the validity thereof, pay the
amount of said lien and Lessee shall
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promptly reimburse Lessor therefor. Lessee has no authority or power to cause or
permit any lien or encumbrance of any kind whatsoever, whether created by act of
Lessee, operation of law or otherwise, to attach or to be placed upon Lessor's
title or interest in the Property, and any and all liens and encumbrances
created by Lessee shall be attached to Lessee's leasehold interest only.
11. QUIET ENJOYMENT:
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The Lessor covenants and agrees that Lessee, on paying said rent and
performing the covenants herein, shall and may peaceably and quietly hold and
enjoy the said Leased Premises for the term aforesaid.
12. LESSOR'S RIGHT TO INSPECT AND ENTER:
------------------------------------
The Lessor shall have the right, at reasonable times during the term of
this Lease, to enter the Leased Premises for the purpose of examining or
inspecting same and of making such repairs or alterations therein as the Lessor
shall deem necessary, and may, at any time within six (6) months immediately
proceeding the expiration of the specified term, show the Leased Premises to
others for the purpose of rental and may affix to suitable pans of the Leased
Premises a notice of Landlord's intention to lease or sell the Leased Premises.
13. FIRE OR CASUALTY:
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If the Leased Premises are damaged by fire or other casualty, Lessor
will promptly repair the damage and restore the Leased Premises to their
condition immediately prior to the occurrence of the casualty, but only to the
extent possible within the limitation of the available insurance Proceeds. If
the reasonable time for completing any such restoration or repair is ninety (90)
days or longer, either party shall have the option to terminate this Lease
Agreement by giving notice of termination to the other party, That notice shall
be given within fifteen (15) days after the date of the casualty. If the damage
or destruction to the Leased Premises occurs within six (6) months of the
expiration of the then existing term of the Lease or if the damage or
destruction to the Leased Premises is so substantial that it has effectively
destroyed the Leased Premises totally, Lessor may, at its sole option, terminate
the Lease by giving written notice to Lessee within fifteen (15) days after the
date of the casualty. if the Leased Premises are damaged by fire or other
casualty, the rent shall xxxxx until the Leased Premises are restored or until
the Lease is terminated in accordance with this paragraph. The abatement shall
be in proportion to the impairment of the use that Lessee can reasonably make of
the Leased Premises, The Lessor shall not be liable for any inconvenience or
interruption of the business of the Lessee occasioned by fire or other casualty.
14. CONDEMNATION:
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If any part of the Leased Premises is taken by eminent domain, Lessor
may, at its sole option, terminate the Lease by giving written notice to Lessee
within forty-five (45) days after the taking, or if by reason of any such
taking, Lessee's operation on the Leased Premises is materially impaired,
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Lessee shall have the option to terminate this Lease Agreement, by giving
written notice to Lessor within forty-five (45) days after the taking, and the
rent will be adjusted as of the date of the notice, If the Leased Promises are
damaged or if access to the Leased Premises is impaired by reason of such taking
and neither Lessor nor Lessee elects to terminate this Lease Agreement, Lessor
will promptly rebuild or repair the damage to the extent possible within the
imitations of the available condemnation awards. All condemnation awards belong
to Lessor, except that specifically awarded to Lessee for its separate property
and fixtures.
15. ASSIGNMENT AND SUBLEASE:
------------------------
Lessee shall not mortgage this Lease Agreement or sublet the Leased
Premises without the prior written consent of Lessor, which consent shall be at
Lessor's sole discretion. No assignment shall relieve Lessee of its obligations
under this Lease Agreement.
Upon subletting of premises as outlined above, Lessor shall be entitled
to any excess rents paid under a sublease arrangement over and above the rents
applicable or time of sublease agreement.
Lessee may, without Lessor's approval, sublet said premises to any
parent firm of Lessee, affiliated firm or subsidiary company. Lessee shall
notify Lessor of said sublease.
16. HOLDOVER:
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Any holding over by the Lessee after the expiration date of this lease
shall be construed as a Tenancy of Sufferance, unless such occupancy is with the
written consent of the Lessor, in which event the Lessee will be a tenant from
month to month, upon the same terms and conditions of this Lease, at a rental
rate equal to 125% of the rent payable for the last month of the lease term or
any renewal or extension thereof, Acceptance by the Lessor of rent after such
termination shall not constitute a renewal.
17. SUBORDINATION:
--------------
This Lease shall be subject and subordinated at all times to the terms
of any ground or underlying leases which now exist or may hereafter be executed
affecting the Leased Premises under which Lessor shall claim, and to the liens
of any mortgages or deeds of trust in any amount or amounts whatsoever now
existing or hereafter encumbering the Leased Premises, without the necessity of
having further instruments executed by the Lessee to effect such subordination.
Notwithstanding the foregoing, Lessee covenants and agrees to execute and
deliver upon demand such further instruments evidencing such subordination of
this Lease to such ground or underlying leases and to the lien of any such
mortgages or deeds of trust as may be requested by Lessor and if Lessee shall
fail to do so within seven (7) days of the Lessor's request, Lessor is hereby
granted an irrevocable power of attorney to execute such instruments in the name
of Lessee as the act and deed of Lessee, and this authorization is hereby
declared to be coupled with an interest and not revocable.
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In the event of termination for any reason whatsoever of any underlying Lessor
and shall attorn to such underlying Lessor at his request or at the option of
any first mortgagee or deed or trust holder. So long as the Lessee hereunder
shall pay the rest reserved and comply with, abide by and discharge the terms,
conditions, covenants, and obligations on its part, to be kept and performed
hereunder and shall attorn to the successor in title notwithstanding the
foregoing, the peaceable possession of the Lessee in and to the Leased Premises
for the term of this Lease, shall not be distributed, in the event of the
foreclosure of any such mortgage or deed or trust, by the purchaser at such
foreclosure sale or such purchaser's successor in title.
18. INDEMNITY AND INSURANCE:
------------------------
(a) Indemnity. Lessee will save Lessor harmless and indemnify Lessor
from and against any and all claims, actions, damages, liability and expenses in
connection with loss of life, personal injury or loss or damage of whatever
nature including property damage (1) caused by or resulting from, or claimed to
have been caused by or to have resulted from, wholly or in part, any act,
omission or negligence of Lessee or anyone claiming under Lessee, including but
without limitation, subtenants, concessionaires, agents, employees, servants and
contractors of Lessee or its subtenants or concessionaires), no matter where
occurring, or (2) occurring in, upon, or at the demised premises, no matter how
caused or (3) arising out of the occupancy or use by the Tenant of the demised
premises or any part thereof, This indemnity and hold harmless agreement shall
include indemnity against all costs, expenses, and liabilities incurred in
connection with any such injury, loss or damage or any such claim in connection
with such injury, loss or damage or any such claim, or any he proceeding brought
thereon or the defense thereof. If Lessee or anyone claiming under Lessee or the
whole or any part of the property of Lessee shall be injured, lost or damaged by
theft, fire, water or steam or in any other way or manner whether similar or
dissimilar to the foregoing, no part of said injury, loss or damage is to be
borne by the Lessor or its agents. Lessee agrees that Lessor shall not be liable
to Lessee or anyone claiming under Lessee for injury, loss, or damage that may
be caused by or result from the act, omission, default or negligence of any
persons occupying adjoining premises or any other part of the Building or the
property. In case the Lessor shall without fault on its part, be made a party to
any litigation commenced by or against Lessee, the Lessee shall protect and hold
Lessor harmless and shall pay all costs, expenses and reasonable attorney's fees
incurred or paid by Lessor in connection with such litigation, Lessee shall also
pay all costs, expenses and reasonable attorney's fees that may be incurred or
paid by Lessor in enforcing the covenants and agreements in this Lease.
(b) Insurance. Lessee will maintain public liability insurance with
respect to the Leased Premises, naming Lessor and Lessee as insured, with a
combined single limit of not less than One Million Dollars (S 1,000,000) on an
occurrence basis with respect to both bodily injury and property damage. Lessee
shall deliver to Lessor a certificate of insurance at lease fifteen (15) days
prior to the commencement of the term of this Lease and a renewal Certificate at
lease fifteen (15) days prior to the expiration of the Certificate it renews.
Said Certificates must provide for thirty (30) days notice to Lessor in event of
material change or cancellation, Lessee also agrees to maintain during the term
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hereof, broad form coverage on Lessee's personal business property and
improvements and betterments.
(c) Waiver of Subornation. Neither party shall be liable to the other
for loss or damage, caused by fire or any other peril insured against under
standard extended coverage insurance even though the loss of or damage is caused
by the party's negligence. Each insurance policy carried by Lessor and Lessee in
accordance with this paragraph shall contain a provision by which the insurance
company shall waive all right of recovery by subrogation against the other party
for loss or damage to the insured property.
19. CONSTRUCTION OF LANGUAGE:
-------------------------
Words of any gender used in this Lease shall be held to include any
other gender, and words in the singular number shall be hold to include the
plural when the sense requires, The paragraph headings and titles are not a part
of this Lease and shall have no effect upon the construction or interpretation
of any part hereof.
20. DEFAULT:
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(a) Events of Default. The happening of any one or more of the
following listed events shall constitute a breach of the Lease Agreement on the
part of Lessee:
(1) The failure of Lessee to pay any rent payable under this
Lease Agreement on the due date thereof,
(2) The failure of Lessee to fully and properly perform any
act required of it in the performance of this Lease, or otherwise to comply with
any term or provision hereof,
(3) The filing by or on behalf of Lessee of any petition
pleading to declare Lessee as bankrupt or the adjudication in bankruptcy of
Lessee under any bankruptcy law or act,
(4) The appointment by any court or under any law of a
receiver trustee or other custodian of the property, assets, or business of
Lessee,
(5) The assignment by Lessee of all or any part of its
property or assets for the benefit of its creditors, or
(6) The levy, execution, attachment, or other taking of
property, assets or of the leasehold interest of Lessee by process of law or
otherwise in satisfaction of any judgement, debt or claim or the abandonment of
the Leased Premises by the Lessee
(b) Remedies. Upon the happening of any event of default, Lessor, if it
shall so elect, may elect to pursue any remedy allowed by applicable law,
including but not limited to either (a)
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collect cash installment of rental when the same matures; (b) accelerate and
collect rents for the remainder of the terms of this Lease; or (c) enter the
Leased Premises without process of law and terminate Lessee's possession without
being liable for any prosecution therefor, and re-lease the Leased Premises to
any person, firm, or corporation, and upon such terms and conditions as Lessor
may deem advisable, as agent of Lessee or otherwise, for whatever rent it can
obtain. Lessee shall remain liable for the rent reserved herein, and all other
obligations hereunder. Lessor shall apply the proceeds of such re-leasing (i)
first to the payment of expenses that Lessor may incur in the entering and
re-leasing, and (ii) then to the payment of rent due by Lessee and the
fulfillment of Lessee's covenants and obligations hereunder- In the caw of any
deficiency, Lessee shall remain liable, Lessee hereby waives service of any
demand for the payment of rent, or notice to terminate or demand for possession
of the Leased Premises, including any and all other forms of demand and notice
described by law.
(c) Attorneys' Fees and Costs. Lessee agrees to pay reasonable
attorneys' fees and all costs if it becomes necessary for the Lessor to employ
an attorney or other agent to collect any of the rent or enforce any of the
provisions of this Lease, whether or not suit be brought, and including such
fees and costs on appeal. Lessee expressly waives all exemptions secured to
Lessee under the laws of the State of Florida, or any state of the United States
as against the collection of any debt hereby secured or incurred.
(d) Additional Security. As additional security for the performance of
the Lessee's obligations hereunder, Lessee hereby pledges and assigns to Lessor
all the furniture, fixtures, goods inventory, stock and chattels of Lessee which
are now or may hereafter be brought or put in the Leased Premises, and further
grants to Lessor a security interest therein under the Uniform Commercial Code.
Upon the request of Lessor, Lessee hereby agrees to execute and deliver to
Lessor all financing statements which Lessor may reasonably request,
(e) No Waiver by Lessor. Nothing herein contained shall be deemed to be
a waiver by Lessor of its statutory lien to rent, and the remedies, rights, and
privileges of Lessor in the case of default of Lessee as set forth above shall
not be exclusive and in addition thereto Lessor may also exercise and enforce
all its rights at law or in equity which it may otherwise have as a result of
Lessee's default hereunder. Lessor is herein specifically granted all of the
rights or a secured creditor under the Uniform Commercial Code with respect to
the property in which Lessor has been granted a security interest by Lessee.
21. NOTICE OF TERMINATION NOT REQUIRED:
-----------------------------------
Notwithstanding any provision of law or any judicial decision to the
contrary, no notice shall be required to terminate the term of this Lease
Agreement, or extension hereof, on the date herein specified, and the term
hereof shall expire on the date herein provided without notice being required
from either party.
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22. SUCCESSORS AND ASSIGNS:
-----------------------
This Lease shall bind and inure to the benefit of the successors,
heirs, and assigns of the parties hereto.
23. SECURITY DEPOSIT:
-----------------
The Lessee, concurrently with the execution of this Lease, has
deposited with the Lessor the sum of $2,350 in April, 1996, which sum shall be
retained by the Lessor as security for the payment by the Lessee of the rent
herein agreed to be paid and for the faithful performance of the covenants of
this Lease. If at any time the Lessee shall be in default in any of the
provisions of this Lease, the Lessor shall have the right to apply said deposit,
or so much thereof as may be necessary in payment of any rent in default as
aforesaid and/or in payment of any expense incurred by the Lessor in and about
the curing of any default by said Lessee, and/or in payment of any damages
incurred by the Lessor, at the Lessor's option, the same may be retained by the
Lessor in liquidation of part of the damages suffered by the Lessor by reason of
default of the Lessee, In the event that said deposit shall not be utilized for
any such purpose, then such deposit shall be applied to the rent last due for
the term of this Lease. Lessor shall be entitled to deposit, apply or otherwise
utilize Lessee's security deposit Lessor shall deem appropriate. In no event
shall Lessee be entitled to interest on said deposit, except to the extent
required by applicable law.
24. RELATIONSHIP OF THE PARTIES:
----------------------------
Nothing herein contained shall be deemed or constituted as creating the
relationship of principal and agent or of partnership or joint venture between
the parties hereto; it being understood and agreed that neither the method of
computing rent nor a provision contained herein nor any acts of the parties
hereto shall be deemed to create any relationship between the parties other than
that of Lessor to Lessee.
25. ENTIRE AGREEMENT:
-----------------
It is agreed between the parties that neither Lessor nor Lessee nor any
of their agents have made any statement, promises, or agreements verbally or in
writing in conflict with the terms of this Lease Agreement. Any and all
representations by either of the parties or their agents made during
negotiations prior to the execution of this Lease Agreement and which
representations are not contained in the provisions hereof shall not be binding
upon either of the parties hereto. It is further agreed that this Lease
Agreement contains the entire agreement between the parties, and no rights are
to be conferred upon either party until this Lease Agreement has been executed
by Lessee and Lessor.
26. MODIFICATION:
-------------
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No modification, alteration or amendment to this Lease Agreement shall
be binding unless in writing and executed by the parties hereto, their heirs,
successors or assigns.
27. BROKER'S COMMISSION:
--------------------
Lessee covenants, represents and warrants that Lessee has had no
dealings or negotiations with any Broker, or Agent other than Investec Services,
Inc., in connection with the consummation of this Lease, and Lessee covenants
and agrees to pay, hold harmless and indemnify Lessor from and against any and
all costs, expenses (including reasonable attorney's fees before trial, at
trial, and on appeal) or liability for any compensation, commissions, or charges
claimed by any broker or agent, other than the Brokers set forth in this
paragraph with respect to this Lease or the negotiation thereof.
28. PROVISIONS SEVERABLE:
---------------------
If any term or provision of this Lease Agreement or the application
thereof to any person or circumstance shall, to any extent, be invalid or
unenforceable, the remainder of this Lease Agreement or the application if such
term or provision to person or circumstances other than those to which it is
held invalid or enforceable shall not be affected thereby and each term and
provision of this Lease Agreement shall he valid and enforced to the fullest
extent permitted by law.
29. NO RECORDING:
-------------
This Lease Agreement shall not be recorded in the public records
without Lessor's prior written consent.
30. LAW AND VENUE:
--------------
This Lease Agreement shall be enforced in accordance with the laws of
the State of Florida. The agreed upon venue is Jacksonville, Xxxxx County,
Florida.
31. RELOCATION OF PREMISES:
-----------------------
If the space described herein contains less than 2,000 square feet,
Lessor reserves the right on sixty (60) days notice to move the Lessee to other
similarly improved space in the Project under the terms of this Lease except the
Base Rent will be adjusted for the variation in the square footage of the new
Leased Premises. Lessor agrees to make reasonable efforts to accommodate
Lessee's requests regarding the location and size of relocated premises. If
Lessor and Lessee do not agree in writing within ten (10) days of Lessor's
notice upon the term and conditions of the relocation, then this Lease Agreement
shall become null and void and no further effect, sixty (60) days from the date
of the Lessor's notice. Lessor agrees to pay or credit expenses not exceeding
the amount if the Lessee's base rent for two (2) months for moving Lessee to the
new space agreed upon, subject to adjustment by Lessee's authentication of
Lessee's actual relocation expenses.
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32. RULES AND REGULATIONS:
----------------------
The Rules and Regulations pertaining to the Project attached hereto as
Exhibit "D", and all Rules and Regulations which Lessor may hereafter from time
to time adopt and promulgate for the management of the Property, are hereby made
a part of this Lease Agreement and shall, during the term of this Agreement be
in all respects observed and performed by Lessee and Lessee's employees,
servants, agents, invitees and guests. Lessee agrees to abide by, uphold and
fully comply with the rules and regulations as shown on Exhibit "D" and with
such reasonable modifications thereof and additions thereto as Lessor may make.
Insofar as the attached Standard Rules and Regulations conflict with any of the
terms and provisions of this Lease Agreement, the terms and provisions of this
Lease shall control. Lessee further agrees that Lessor shall have the right to
waive any or all such rules in the case of any one or more tenants in the
Property without affecting Lessee's obligations under this Lease and the Rules
and Regulations and that Lessor shall not be responsible to Lessee for the
failure of any other tenant to comply with the Rules and Regulations,
33. SPECIAL CONDITIONS:
-------------------
If Lessor cannot deliver possession of the premises at commencement of
the term hereof, rent shall xxxxx for the period between commencement of the
term and the time when Lessor can deliver possession but the term shall not be
extended by reason of such delay. If the Lessor does not deliver possession of
the premises within one hundred twenty (120) days after the commencement of the
term hereof, this Lease may be terminated upon Lessee's giving written notice
within five (5) days following the expiration of said one hundred twenty (120)
day period but Lessor shall not be liable to Lessee for damages or otherwise.
34. SEE ADDENDUM:
-------------
35. AGENCY DISCLOSURE:
------------------
Investec Services, Inc., as agents for the Lessor will be paid by the
Lessor a fee for the professional services rendered. Because of this fiduciary
relationship, Investec Services, Inc. represents the Lessor, but also has the
legal and ethical duty to treat the Buyer with honesty, integrity and fairness.
The undersigned Lessee acknowledges that this disclosure was made prior to the
execution of any contract or lease for real property in question.
36. RADON GAS:
----------
RADON is a 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.
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IN WITNESS WHEREOF, Lessee and Lessor have caused this Lease to be duly
executed as of the date of this Lease, by their respective officers or parties
thereunto duly authorized.
Signed, sealed and delivered "LESSEE"
in the presence of UNIVERSAL BEVERAGES, INC.
Xxxxxx X. Xxxxxx By: /s/ Xxxxxxx Xxxxxxx
---------------- -----------------------
Xxxxxxx Xxxxxxx
Xxxxxx Xxxxxxxxx Date: May 25, 1999
---------------- -----------------------
"LESSOR"
TREETOPS OF JACKSONVILLE, L.C,
___________________________________ By: /s/ Xxxxx X. Xxxxxx
-----------------------
Xxxxx X. Xxxxxx
___________________________________ Vice President/Secretary
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