Exhibit 10.7
LEASE AGREEMENT
THIS AGREEMENT, made and entered into this ____ day of
___________________, by and between BLUE WATER LAND DEVELOPMENT, a
Michigan co-partnership ("Landlord"), and LIFE CRITICAL CARE CORPORATION,
a Delaware corporation ("Tenant").
NOW, THEREFORE, in consideration of the mutual undertakings of the
parties hereto, it is hereby agreed as follows:
1. LEASE. The Landlord, upon the terms and subject to conditions
contained herein, does hereby lease to the Tenant, and the Tenant does hereby
lease from the Landlord, the following described premises situated in the City
of Xxx Xxxxxxxxx, Xxxxxx xx Xxxxxx, Xxxxx xx Xxxxxxxx, to-wit: 00000 Xxxxx
Xxxxxx, Xxx Xxxxxxxxx, Xxxxxxxx 00000 (the "Property").
2. COMMENCEMENT DATE AND TERM. The "Commencement Date" of the
Lease is the date on which the parties execute this Lease Agreement. The
primary term of this Lease Agreement shall be for a period of forty-eight
(48) months beginning on the Commencement Date.
3. PROVISIONS APPLICABLE TO THE REAL ESTATE.
ARTICLE I
USAGE CLAUSE
Section 1. It is understood and agreed between the parties hereto that
during the continuance of this Lease, the Property may be used and occupied for
the purposes of operating a business supplying industrial oxygen and ancillary
products and such other business customarily included in said definition and for
no other purpose or purposes without the written consent of the Landlord.
Subject to the respective obligations of Landlord and Tenant contained elsewhere
in this Agreement, Tenant shall promptly comply with all laws, ordinances and
lawful orders and regulations issued by any duly constituted governmental
authority and affecting the Property and the cleanliness, safety, occupation and
use of same.
ARTICLE II
CARE OF PREMISES
Section 1. Tenant shall keep the Property clean and free from rubbish
and dirt at all times, and shall store all trash and garbage at Tenant's
expense. Tenant shall not burn any trash or garbage of any kind in or about the
Property except in facilities provided for such disposal.
Section 2. Tenant shall not use or permit the use of any portion of the
Property for any unlawful purpose or purposes. Tenant shall not make any
structural changes in the Property without the written consent of LANDLORD,
WHICH APPROVAL SHALL NOT be unreasonably withheld.
Landlord represents that the Property is in good condition and repair
that all equipment is in good working order, normal wear and tear excepted.
Landlord hereby provides a ninety (90)-day warranty to Tenant that the heating,
ventilation, air conditioning, electrical, and plumbing systems are in good and
operable condition.
ARTICLE III
ENVIRONMENTAL REPRESENTATION
Section 1. Landlord represents and warrants that as of the Commencement
Date there are no materials located on the Property that require special
handling in collection, storage, treatment, or disposal under any federal,
state, or local law, statute, ordinance, or regulation or court or
administrative order or decree, or private agreement pursuant to which material
requires special handling in collection, storage, treatment, or disposal
("Environmental Requirements"). In the event any materials which under any
Environmental Requirements require special handling in collection, storage,
treatment, or disposal are determined to have been located on the Property at or
prior to the date of this Lease Agreement, Landlord shall (a) within thirty (30)
days after written notice thereof, take, or cause to be taken, at its sole
expense, such actions as may be necessary to comply with all Environmental
Requirements and (b) within thirty (30) days after written demand therefor,
reimburse Tenant for any amounts expended by Tenant (i) to comply with any
Environmental Requirements with respect to the Property or (ii) in connection
with any
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judicial or administrative investigation or proceeding relating thereto,
including, without limitation, reasonable attorney fees, fines, or other
penalty payments.
Section 2. Tenant hereby represents that from and after the Commencement Date no
materials will be located on the Property which require special handling in
collection, storage, treatment, or disposal under any federal, state, or local
law, statute, ordinance, or regulation or court or administrative order or
decree, or private agreement pursuant to which material requires special
handling in collection, storage, treatment, or disposal ("Environmental
Requirements'). In the event any materials which under any Environmental
Requirements require special handling in collection, storage, treatment, or
disposal are determined to have been located on the Property after the
Commencement Date, Tenant shall immediately (a) take, or cause to be taken, at
its sole expense, such actions as may be necessary to comply with all
Environmental Requirements and (b) in the event Tenant shall fail to take the
steps as required in subparagraph (a) above, then Landlord shall have the right
to take, or cause to be taken, such action as may be necessary to comply with
all Environmental Requirements after giving Tenant thirty (30) days' written
demand, and Tenant shall thereafter reimburse Landlord for any amounts expended
to: (i) comply with any Environmental Requirements with respect to the Property
or (ii) in connection with any judicial or administrative investigation or
proceeding relating thereto, including, without limitation, reasonable attorney
fees, fines, or other penalty payments.
ARTICLE IV
UTILITY SERVICES
Section 1. Tenant shall timely pay for all public utilities rendered or
furnished to the Property during the term hereof, including but not limited to,
heat, water, gas and electricity. Utility bills covering the period prior to and
after the Commencement Date shall be prorated between Landlord and Tenant.
ARTICLE V
TAXES
Section 1. As part of the consideration for this Lease and in addition
to the rentals hereinbefore provided, Tenant shall pay to the public officers
charged with the collection thereof, before delinquent, all property taxes,
installments of special assessments, and
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other similar charges to the term of this Lease. If an assessment levied on
the Property is not payable in installments over the useful life of
the improvements financed by the assessment, Landlord shall be
responsible for the assessment and Tenant shall pay to Landlord, each year
during the remaining term hereof, on the date such taxes are otherwise due, an
amount equal to the quotient derived by dividing the total amount of the
assessment which is not payable in installments by the useful life of the
improvements financed thereby.
Section 2. In the event Tenant shall become more than sixty (60) days delinquent
in the payment of any assessment or other charge payable by Tenant pursuant to
Section 1 above and such failure remains uncured for a period of thirty (30)
days after written notice thereof is sent to Tenant, Landlord may elect, at its
sole discretion, to require Tenant to escrow tax payments with Landlord,-or its
agents, at the monthly rate of one-twelfth (1/12th) of the previous year's
taxes, assessments, and other charges payable by Tenant, in which event Landlord
shall be obligated to use the funds he collects from Tenant to pay such taxes,
assessments and charges as they become due. If the amount of escrow tax payments
with respect to such year, Landlord shall refund the excess to Tenant within
fifteen (15) days after the final payment to the taxing authority for such year
is due, or Tenant shall pay the deficiency to Landlord within fifteen (15) days
after the final payment to the taxing authority for such year due. The
commencement of tax escrow payments pursuant to this Section 2 will not cure the
default of Tenant for failing to otherwise pay such taxes, which only may be
cured by Tenant's payment of such taxes.
Section 3. Tenant may, in good faith, and upon reasonable grounds,
dispute the validity or amount of any tax, assessment or other charge, defend
against the same and in good faith conduct any necessary proceedings to prevent
and avoid the same; provided, however, Tenant shall notify Landlord of its
intent to contest and pay all costs and expenses incurred in connection
therewith, and Tenant shall not, in the event of and during the bona fide
prosecution of such litigation, be taken in default in respect to the subject
matter of such litigation.
ARTICLE VI
MAINTENANCE OF THE PROPERTY
Section 1. Tenant shall keep the foundation, the four outer walls and the roof
of the Property in good maintenance and repair, consistent with the condition
thereof on the date this maintenance obligation of Tenant becomes effective.
Tenant shall, at all times, keep the
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remainder of the Property in good order, maintenance and repair, and Tenant
shall also keep said Property in a clean, sanitary and safe condition in
accordance with the laws of the state of Michigan, and in accordance with
all directions, rules and regulations of the health officer, fire marshal!,
building inspector or other proper officers of governmental agencies having
jurisdiction over the Property, all at the sole cost and expense of Tenant.
Tenant shall comply with all requirements of law and ordinance otherwise
applicable to the Property; provided, however, Landlord shall be responsible
for paying the costs to cure any violations of such laws, ordinances,
directions, rules and regulations which existed as of the Commencement
Date. Tenant shall permit no waste, damage or injury to said Property, and
Tenant shall, at Tenant's own costs and expense, replace any glass windows and
doors in the Property which may be broken. At the expiration of the tenancy
created hereunder, Tenant shall surrender the Property in good condition and
repair, reasonable use, wear and tear thereof, and loss by fire or other
casualty expected.
ARTICLE VII
IMPROVEMENTS, FURNISHINGS,
EQUIPMENT AND PERSONAL PROPERTY
Section 1. All improvements, furnishings, equipment and trade fixtures
presently at the Property together with all fixtures and equipment as may be
installed by Tenant which are so incorporated and affixed to the Property that
their removal would involve structural damage to the building or which have been
installed as replacements to the Landlord's fixtures and equipment shall become
and remain the property of Landlord and shall not be removed from the Property
by Tenant upon the termination of this Lease or otherwise. All tenant
furnishings, equipment and trade fixtures other than those covered in the
foregoing sentence which are paid for and placed on the Property by Tenant will
remain the property of Tenant (the "Tenant's Personalty") and Tenant shall be
required to repair any damage to the Property caused by its removal thereof.
ARTICLE VIII
COVENANT TO HOLD HARMLESS
Section 1. Landlord shall be held harmless by Tenant from any liability
for damages to any person or any property or upon the Property, including the
person and property of Tenant and its employees and all persons in the Property
at its invitation, caused by an event which occurred at the Property during the
term hereof; provided, however, nothing
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herein shall be construed to require Tenant to indemnify Landlord against the
negligence of Landlord, its employees or agents, or with respect to an event
resulting from the Landlord's breach of this Agreement.
Section 2. It is understood and agreed that all property kept, stored
or maintained at the Property is at the risk of Tenant. Tenant shall not suffer
or give cause for the filing of any lien against the Property, except for
Tenant's Personalty.
Section 3. Tenant shall, during the entire term hereof, keep in full
force and effect a policy of general liability insurance with respect to the
Property and the business operated by Tenant thereon, in which both Landlord and
Tenant shall be named as parties covered thereby, and the limits of liability
shall be no less than $1,000,000.00 per person and $1,000,000.00 per occurrence,
and $1,000,000.00 property damage. Tenant shall furnish Landlord with a
certificate of insurance, or other acceptable evidence that such insurance is in
force.
ARTICLE IX
ACCESS TO PREMISES
Section 1. Landlord shall have the right to enter upon the Property at
all reasonable hours upon reasonable prior notice to Tenant for the purpose of
inspecting same. If Landlord, in the reasonable exercise of its discretion,
deems any repairs necessary which are the obligation of Tenant hereunder,
Landlord may demand that Tenant make the same forthwith, and if Tenant refuses
or neglects to commence such repairs and complete the same with reasonable
dispatch, Landlord may make or cause such repairs to be made only after seven
(7) days' notice has been given to Tenant and said condition shall have
continued, then Landlord may make or cause such repairs to be made, and shall
not be responsible to Tenant for any loss or damage that may accrue to its stock
or business by reason thereof, unless caused by the gross negligence or willful
misconduct of Landlord or its agents; provided, however, Landlord and its agents
shall use reasonable efforts not to interfere with or hinder the operation of
Tenant's business at the Property. If Landlord makes or causes such repairs to
be made, Tenant agrees that it will pay to Landlord the reasonable cost thereof
within ten (10) days of demand. If Tenant fails to timely reimburse Landlord, he
may charge Tenant interest on the unpaid amount computed at a rate of ten
percent (10~) per annum from the date of demand until payment, and Landlord
shall have the remedies provided in Paragraph 8 hereof.
Section 2. For a period commencing six (6) months prior to the
termination of this Lease, Landlord may have reasonable access to the Property
for the purpose of exhibiting
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same to prospective tenants so long as Landlord does not interfere with or
hinder the operation of Tenant's business at the Property.
ARTICLE X
EMINENT DOMAIN
Section 1. If the whole of the Property shall be taken by any public
authority under the power of eminent domain, then the terms of this Lease shall
cease as of the date possession shall be taken by such public authority and the
rent shall be paid to that date with a proportionate refund by Landlord of such
rent as may have been paid in advance.
Section 2. If thirty percent (30%) or more of the Property on which the
building is located shall be taken under eminent domain or such lesser portion
of the Property is so taken and Tenant determines that such taking will have a
material adverse effect on its ability to operate its business at the Property,
Tenant shall have the right either to terminate this Lease and declare the same
null and void, or to continue in possession of the remainder of the Property;
and in either event, Tenant shall notify Landlord of Tenant's intention in
writing within sixty (60) days after receiving notice of such taking under the
power of eminent domain. In the event Tenant elects to remain in possession or
the Lease not otherwise terminated as a result of such taking, all of the terms
herein provided for shall continue in effect except that the fixed rent
hereinabove provided shall be reduced either (i) in proportion to the reduction
in the net useable floor area of the building by reason of such taking or
condemnation in the event of a reduction in the building floor area due to such
taking, or (ii) each year by an amount equal to ten percent (10%) of the
condemnation award granted to Landlord, in the case of a taking which does not
reduce the floor area of the building, and Landlord shall, at Landlord's own
cost and expense, promptly make all necessary repairs or alterations to the
building on the Property so as to constitute the remaining premises a complete
architectural unit consistent with the condition which existed immediately prior
to such taking, said costs to be deducted from the gross condemnation award.
Section 3. All damages awarded for such taking under the power of
eminent domain whether on the whole or a part of the Premises shall belong to
and be the property of Landlord, whether such damages shall be awarded as
compensation for diminution in value to the leasehold or to the fee of the
Property; provided, however, that Tenant shall be entitled to any award made to
Tenant for loss of business, depreciation to, and cost of removal of stock and
fixtures, and moving expenses.
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ARTICLE XI
DAMAGES
Section 1. If the Property shall be damaged or destroyed in whole or
in part by fire or any other cause or casualty, Landlord agrees to repair and
restore the same with reasonable dispatch to a good tenantable condition,
similar to the condition of the Property prior to such damage or destruction,
unless this Agreement is terminated pursuant to Section 4 below, and the rent
shall xxxxx entirely in case the entire Property is untenantable and pro-rata
for the portion rendered untenantable in case a part only is untenantable, until
the same shall be restored to a tenantable condition.
Section 2. At all times during the term of this Lease, including the
period of construction or reconstruction of any building if Tenant's rent
obligation has not abated, Tenant will, at Tenant's own cost and expense, have
the building or buildings and the contents thereof at any time upon the
Property, insured against loss or damage by fire or other casualty with
responsible insurance companies reasonably satisfactory to Landlord, said
insurance to be in an amount equal to one hundred percent (100%) of actual cash
value of said building or buildings, contents and improvements. All such
insurance policies and all renewals thereof shall be payable to Landlord and
Tenant, as their interests may appear, entitling Landlord to collect all monies
due under said policies payable in the event of any reason of the loss or damage
of the building or buildings situated in the Property and permitting Tenant to
receive all monies payable with respect to the Tenant's Personalty at the
Property. In the event Tenant fails to obtain and continue such insurance in
force at any time, Landlord, at its option and without any obligation on
Landlord's part to do so, may obtain such insurance and Tenant shall forthwith
pay the cost thereof to Landlord, or Landlord may at its option add said cost to
the next rent payment due Landlord from Tenant. Anything to the contrary herein
contained notwithstanding any loss shall first be payable to any first mortgagee
of the Premises to the extent of its interest.
Section 3. So long as Tenant remains open for, and continues to
operate its business at the Property in the same manner as prior to such
casualty, the Property shall not be
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deemed wholly untenantable. However, the Property will be treated as wholly
untenantable regardless of the extent of the damage thereto, if Tenant
determines, in the exercise of its reasonable business judgment, that it is
unable to operate the Property in the ordinary course of business or access to
the Property is materially hindered.
Section 4. In the event the building or contents of the Property are
damaged or destroyed during the term hereof, and as a result thereof the Tenant
cannot operate its business at the Property until completion of the repair and
restoration, the Tenant shall have the right to terminate this Agreement if (i)
in the reasonable certified opinion of Landlord's architect, the building and
contents cannot be completely repaired and restored such that Tenant will be
able to open for business within one hundred twenty (120) days after the
occurrence of such damage or destruction or (ii) Landlord does not complete such
repair or restoration one hundred twenty (120) days after such damage or
destruction. Tenant shall notify Landlord in writing of its election to
terminate within fifteen (15) days after receipt of the architect's certified or
Landlord's failure to timely complete the repair and restoration, and upon
termination, rent shall be prorated as of the date of such damage or
destruction. During the period of any reconstruction or repair, all rent shall
be abated.
ARTICLE XII
BANKRUPTCY
Section 1. In the event the estate created hereby shall be taken in
execution or by other process of law, or if Tenant shall be adjudicated
insolvent or bankrupt pursuant to the provisions of any state or federal
insolvency or bankruptcy act, or if any assignment shall be made of Tenant's
Property for the benefit of creditors, then and in any such events, Landlord at
its option may terminate this Lease and all rights of Tenant hereunder, by
giving to Tenant notice in writing of the election of Landlord so to terminate;
provided, however, Tenant shall have sixty (60) days to dismiss any involuntary
proceeding before Landlord may exercise its right of termination so long as
Tenant is not otherwise in default under the terms hereof.
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ARTICLE XIII
SUBORDINATION
Section 1. Tenant agrees that this Lease shall be subordinate to any mortgages
that may hereafter be placed upon the Property and to any and all advances to be
made thereunder and to the interest thereon, and all renewals, replacements and
extensions thereof, provided the mortgagees named in said mortgages shall agree
to recognize, not disturb and be bound by the terms and provisions of this
Lease. In the event of any mortgagee electing to have the Lease as a prior lien
to its mortgage, then and in such event, upon such mortgagee notifying the
Tenant to that effect, this Lease shall be deemed prior to lien to the said
mortgage, whether or not this Lease is dated prior to or subsequent to the date
of said mortgage or trust deed.
ARTICLE XIV
CONSTRUCTION
Section 1. Nothing contained herein shall be deemed or construed by the
parties hereto, nor by any third party, as creating the relationship of
principal and agent or of partnership or of joint venture between the parties
hereto, it being understood and agreed that neither any provisions contained
herein, nor any acts of the parties hereto shall create a relationship other
than the relationship of Landlord and Tenant. Whenever herein the singular
number is used, the same shall include the plural, and the masculine gender
shall include the feminine and neuter genders.
ARTICLE XV
NON-LIABILITY
Section 1. Landlord shall not be responsible or liable to Tenant for
any loss or damage that may be occasioned by or through the acts or omissions of
persons occupying adjoining Premises or any part of the Premises adjacent to or
connected with the Property or for any loss or damage resulting to Tenant or its
property from burst, stopped or
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leaking water, gas, sewer or steam pipes not caused by neglect or breach
of covenant or the part of Landlord herein contained.
ARTICLE XVI
QUIET ENJOYMENT
Section 1. Landlord covenants that Tenant, on payment of the rental at
the time and in the manner aforesaid and performing of all of the foregoing
covenants, shall and may peacefully and quietly have, hold and enjoy the
Property for the term aforesaid, and said quiet and peaceful enjoyment will
not be disturbed or interfered with by Landlord or any person claiming by under
Landlord.
ARTICLE XVII
RENTAL AND LEASE RENEWAL OPTION
Section 1. Rental and Lease Renewal Option. As of the Commencement
Date and for a period of forty-eight (48) months thereafter, Tenant shall pay
Landlord the sum of Two Thousand Five Hundred Dollars ($2,500.00) per month
due and payable on the ____ day of each month commencing on the ____ day of the
month following the Commencement Date. Rent shall be pro-rated between the
Commencement Date and the ____ day of the next succeeding month.
Section 2. Lease Renewal Option. Upon the expiration of the original
term, Tenant shall have the option to extend this Lease for an extension term of
four (4) years, provided that Tenant gives Landlord at least six (6) months'
prior written notice of its unconditional and irrevocable exercise of such
option and provided further that Tenant has not been in default hereunder. In
the event that Tenant exercises its option to extend the term, all provisions of
this Lease shall apply during the extension term hereof, except the rent shall
be increased in an amount equal to Two Thousand Seven Hundred Fifty ($2,750.00)
Dollars per month payable on the first day of each month during the extension
term.
Section 3. Provisions Applicable to Default. If any rental payment
shall be and remain unpaid for more than ten (10) days after it shall become due
and payable, or if Tenant shall violate or default under any of the
other covenants, agreements, stipulations or conditions of this Agreement and
such default shall continue for a period of thirty (30) days after written
notice thereof and Tenant having an opportunity to cure said breach, then it
shall
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be optional for Landlord to declare this Lease forfeited, the term ended and
to re-enter the Property and take possession of same. In addition thereto,
Landlord shall have such other, further or different rights and remedies as may
be available at law or in equity, including, but not limited to, the right of
claim and delivery, the right of repossession of the Property pursuant to the
applicable statutes for summary proceedings, or such other rights at law or
in equity as may be applicable or available, it being specifically agreed
that the rights herein recited shall be cumulative and not exclusive. A late
payment penalty of five percent (5%) of the amount of the late payment shall be
added to the delinquent payment effective on the 5th day after the due date. In
like manner, any payment which remains due and unpaid thirty (30) days
following the due date shall be subject to a fifteen percent (15~) late payment.
Section 4. Security Deposit. The Landlord hereby acknowledges the
receipt of Two Thousand Five Hundred ($2,500.00) Dollars, which it is to retain
as security for the faithful performance of all of the covenants, conditions,
and agreements of this Lease, but in no event shall the Landlord be obliged to
apply the same upon rents or other charges in arrears or upon damages for the
Tenant's failure to perform the said covenants, conditions, and agreements; the
Landlord may so apply the security at its option; and the Landlord's right to
the possession of the premises for non-payment of rent or for any other reason
shall not in any event be affected by reason of the fact that the Landlord holds
this security. The said sum if not applied towards the payment of rent in
arrears or towards the payment of damages suffered by the Landlord by reason of
the Tenant's breach of the covenants, conditions, and agreements of this Lease
is to be returned to the Tenant when this Lease is terminated, according to
these terms, and in no event is the said security to be returned until the
Tenant has vacated the premises and delivered possession to the Landlord.
In the event that the Landlord repossesses itself of the said
premises because of the Tenant's default or because of the Tenant's failure to
carry out the covenants, conditions, and agreements of this Lease, the Landlord
may apply the said security upon all damages suffered to the date of said
repossession and may retain the said security to apply upon such damages as may
be suffered or shall accrue thereafter by reason of the Tenant's default or
breach. The Landlord shall not be obliged to keep the said security as a
separate fund, but may mix the said security with its own funds.
Upon Tenant satisfying all conditions in this Lease, Landlord
shall deliver the security deposit to Tenant.
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ARTICLE XVIII
OPTION TO PURCHASE
Section 1. Tenant, at any time during the term of this Lease, shall
have the option to purchase the Property from Landlord upon thirty (30) days'
written notice to Landlord subject to the following terms and conditions:
(a) The purchase price for the Property during the primary term of the
Lease shall be Three Hundred Thousand ($300,000.00) Dollars.
(b) In the event that Tenant shall exercise this option to purchase
the Property during the option period as set forth in Article XVII, Section 2,
the purchase price for the Property shall be Three Hundred Thirty Thousand
($330,000.00) Dollars.
(c) The purchase price for the Property shall be paid in full at the
time of the closing.
(d) Settlement for the purchase and sale of the Property shall be held
at a place designated by Tenant and at a time designated by Tenant, provided
that settlement shall be held within sixty (60) days after the determination by
the parties of the purchase price of the Property.
(e) The rent hereunder shall cease and shall be adjusted as of the
date of settlement. Water rent, real property taxes, and all other public or
governmental charges or assessments shall be adjusted as of the date of
settlement.
(f) At settlement, Landlord shall execute and deliver to Tenant a
warranty deed that shall convey good and merchantable title to the Property,
subject only to the restrictions, covenants, and encumbrances existing as of the
date hereof, but not including any mortgage currently encumbering the Property.
If there are any mortgages or any subsequently arising restrictions, covenants,
or encumbrances when Tenant exercises the option set forth in this section,
Tenant may purchase the Property subject to the same and deduct the amount
thereof (or the reasonable cost to cure such title defect) from the purchase
price.
(g) All recording and transfer taxes in connection with the settlement
shall be paid by Landlord.
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(h) Insurance premiums, interest, rents, water bills, and current city
and county taxes, if any, shall be prorated and adjusted to the date of closing.
Taxes not previously paid shall not be prorated.
Section 2. Notwithstanding anything contained within this Article
XVIII to the contrary, in the event that Landlord shall receive an offer to
purchase the Property within the primary or option period set forth in this
Lease, then Tenant shall have the right to exercise the option contained within
this Article XVIII provided Tenant gives written notice within thirty (30) days
of notice by Landlord of the aforesaid offer. In the event Tenant shall fail to
exercise its option in this time limitation, then all of Tenant's rights under
this Article XVIII shall terminate.
IN WITNESS WHEREOF, the parties have set their hands and seals the day
and year first above written.
WITNESSED BY: LANDLORD:
BLUE WATER LAND DEVELOPMENT, a
Michigan co-partnership
__________________________________ By:________________________________
Its:_______________________________
TENANT:
LIFE CRITICAL CARE CORPORATION,
a Delaware corporation
__________________________________ By:________________________________
Its:_______________________________
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