Lease Agreement
EXHIBIT 10.55
Lease Agreement
0000 X. Xxxxxxx Xxxxxxxxxx, Xxxxx 000-X, Xxxxxxxxxx, XX 00000
This lease includes access to all phones, internet, copiers, and fax machines, common areas including restrooms and parking on the Landlord's premises.
$500.00 per month thereafter.
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[X] |
Tenant will pay this rental amount for the entire term of the lease. |
[ ] Rent will increase each year, on the anniversary of the starting date in Paragraph 3, as follows:-------
[X]First Option. Landlord grants Tenant the option to extend this lease for an additional 5 years. To exercise this option, Tenant must give Landlord written notice on or before July 1, 2017. Tenant may exercise this option only if Tenant is in substantial compliance with the terms of this lease. Tenant will lease the premises on the same terms as in this lease except as follows: N/A.
[ ] Second Option. If Tenant exercises the option granted above, Tenant will then have the option to extend this lease foryears beyond the first option period. To exercise this option, Tenant must give Landlord written notice on or before . Tenant may exercise this option only if Tenant is in substantial compliance with the terms of this lease. Tenant will lease the premises on
Lease Agreement/Palm Springs Partners, LLC DBA Maxim Surgical
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the same terms as in this lease except as follows: _
[ ] Before the lease term begins, Landlord (at Landlord's expense) will make the repairs and improvements listed in Attachment to this contract.
[X]Tenant accepts the premises in "as is" condition. Landlord need not provide any repairs or improvements before the lease term begins.
A.At the beginning of the lease term, the premises will be properly zoned for Tenant's stated use and will be in compliance with all applicable laws and regulations.
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B. |
The premises have not been used for the storage or disposal of any toxic or hazardous substance and Landlord has received no notice from any governmental authority concerning removal of any toxic or hazardous substance from the property. |
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Lease Agreement/Palm Springs Partners, LLC DBA Maxim Surgical
A.Landlord will maintain and make all necessary repairs to: (1) the roof, structural components, exterior walls, and interior walls of the premises, and (2) the plumbing, electrical, heating, ventilating, and air-conditioning systems.
B.Landlord will clean and maintain (including snow removal) the parking areas, yards, common areas, and exterior of the premises so that the premises will be kept in a safe and attractive condition.
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14. |
A.All property taxes, as they pertain to the premises, are included in the monthly rental fee.
B.Tenant will be responsible for any personal property taxes levied and assessed against tenant’s personal property only.
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Lease Agreement/Palm Springs Partners, LLC DBA Maxim Surgical
premises by eminent domain pays for the value of Tenant's lease, its loss of business, and for moving and relocation expenses.
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20. |
[ ] Litigation. If a dispute arises, either party may take the matter to court.
[X]Mediation and Possible Litigation. If a dispute arises, the parties will try in good faith to settle it through mediation conducted by
[] _
[X] a mediator to be mutually selected.
The parties will share the costs of the mediator equally. Each party will cooperate fully and fairly with the mediator and will attempt to reach a mutually satisfactory compromise to the dispute. If the dispute is not resolved within 30 days after it is referred to the mediator, either party may take the matter to court.
[X] Mediation and Possible Arbitration. If a dispute arises, the parties will try in good faith to settle it through mediation conducted by
[] _
[X] a mediator to be mutually selected.
The parties will share the costs of the mediator equally. Each party will cooperate fully and fairly with the mediator and will attempt to reach a mutually satisfactory compromise to the dispute. If the dispute is not resolved within 30 days after it is referred
to the mediator, it will be arbitrated by
[]_ _ _ _ _
[X] an arbitrator to be mutually selected.
Judgment on the arbitration award may be entered in any court that has jurisdiction over the matter. Costs of arbitration, including lawyers' fees, will be allocated by the arbitrator.
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Landlord need not participate in mediation or arbitration of a dispute unless Tenant has paid the rent called for by this lease or has placed any unpaid rent in escrow with an agreed-upon mediator or arbitrator.
[X] Attorneys' Fees. If either party brings a legal action arising out of a dispute over this agreement, the losing party will reimburse the prevailing party for all reasonable costs and attorneys' fees incurred by the prevailing party in the lawsuit.
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(1) |
in person |
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(2) |
by certified mail, or |
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(3) |
by overnight courier. |
24.Governing Law. This lease will be governed by and construed in accordance with the laws of the state of Texas.
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28.Severability. If any court determines that any provision of this lease is invalid or unenforceable, any invalidity or unenforceability will affect only that provision and will not make any other provision of this lease invalid or unenforceable and shall be modified, amended, or limited only to the extent necessary to render it valid and enforceable.
Landlord
Name of business: CPM Medical Consultants, LLC
By:
Dated:
Printed name: Xxxx XxXxxxxxxx
Title: VP Finance, Controller Address: 0000 X. Xxxxxxx Xxxxxxxxxx
Xxxxx 000
Xxxxxxxxxx, XX 00000
Tenant
Name of business: Palm Springs Partners, LLC
DBA Maxim Surgical, LLC
By:
Dated:
Printed name: Xxxxx Xxxx
Title: PRESIDENT
Address: 0000 X. Xxxxxxx Xxxxxxxxxx Xxxxx 000-X
Xxxxxxxxxx, XX 00000
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Lease Agreement/Palm Springs Partners, LLC DBA Maxim Surgical