Exhibit 10.9
LEASE AGREEMENT
In San Xxxx, Puerto Rico, this 16th day of March, 2004
APPEAR
ON ONE PART: AS LESSOR: PLAZA PROFESSIONAL CENTER, INC. a corporation organized
and existing under the laws of the Commonwealth of Puerto Rico, with employer
social security number 00-0000000, represented in this act by its President,
Xxxxxxxxx Plaza Xxxxxxxxx, hereinafter LESSOR.
ON THE OTHER PART: AS LESSEE: PLAZA CONSULTING GROUP, INC. a corporation
organized and existing under the laws of the Commonwealth of Puerto Rico, with
employer social security number 00-0000000, represented in this act by its
Treasurer, Xxxxx Xxxxxxx Xxxxx Del Xxxxx, hereinafter LESSEE.
The appearing parties, acting in their respective capacities, freely and
voluntarily:
STATE, CONSENT, AND AGREE
FIRST: LESSOR is the owner in full domain of the following real property
located at the district (barrio) of Higuillar, in Dorado, Puerto Rico
(hereinafter referred to as "the Property":
URBAN: Lot number five (5): plot located in Higuillar District on
the municipality of Dorado, Puerto Rico, with a superficial area of one
thousand five hundred ninety five point nine five zero zero (1,595.95)
square meters. With boundaries in the North, in a distance of thirty point
three six zero (30.360) meters with Xxxxxx Xxxxx Xxxxxx; on the South, on
twenty seven point seven three zero (27.730) meters with state road six
hundred ninety three (693); on the East, in two continuous lines that add
up to fifty two point seven eight five (52.785) meters with Costa de Oro
Urbanization and on the West, in a distance of fifty seven point four six
four (57.464) meters with segregated lot number four.
It is registered at page two hundred sixteen (216) of volume two
hundred thirty four (234), fourth and last inscription of Dorado, Property
Registry of Bayamon, Puerto Rico, Section IV, farm number eight thousand
five hundred forty two (8,559).
SECOND: The parties have consented and agreed to the lease of the above
described real property, which they carry out and state subject to the
following:
CLAUSES AND CONTIDITONS
A. LESSOR gives and cedes to LESSEE the aforementioned property in lease
and LESSEE accepts and receives said property in such manner.
B. The real property described as "the Property" will be used for office
and/or any other lawful commercial end.
C. The term of duration of this contract shall be ten (10) years,
effective on March 1st 2004, retroactive to July 1st 2003, and ending on July
1st 2013, without need to notify or make prior demand.
D. The lease canon will be $25.00 per square feet. From July of 2003 until
the building to be leased is built, LESSEE shall pay $1,000 per month for the
lease of a temporary wagon and the use of the land. Once the building subject to
this lease is built an addendum to this contract will be executed to specify the
total of square feet that will be leased. The lease canon will be payable on
advance monthly installments on or before the fifth (5th) day of each month, in
the place designated by LESSOR from time to time, which will be notified in
writing to LESSEE.
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E. The monthly lease canon will be net of any charges for water,
telephone, maintenance, electricity, real property taxes, repairs, insurance
and/or any other type of charges or expenses, all of these charges being the
responsibility of LESEE.
F. LESSEE shall be able to execute any improvements or repairs which it
deems proper in the Property, subject to the approval of LESSOR, provided that
all expenses of such repairs or improvements will be exclusively paid by LESSEE,
and that at the end of the lease such improvements will remain for the benefit
of LESSOR.
G. The payment of utilities, i.e. Puerto Rico Electric Energy Authority,
Puerto Rico Water and Sewer Authority, Puerto Rico Telephone Company, etc. will
be the sole responsibility of LESSEE.
H. LESSEE will carry insurance policies covering General Commercial
Liability, Business Interruption, Fire and Earthquake, and Public Liability;
Plaza Professional Center, Inc. shall be an additional insured party on the
Public Liability policies.
I. LESSEE shall not sub-lease all or part of the property subject to this
contract.
J. LESSEE acknowledges having inspected the property and accepts it in its
present conditions.
K. The parties acknowledge and state that this document incorporates all
of their agreements and stipulations and that its terms shall not be changed,
altered or modified verbally, but any addition, elimination, or amendment must
be in writing and signed by both parties. The undersigned also state that they
are duly authorized to appear herein and to execute this contract.
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WHEREFORE, the parties sign this contract in San Xxxx, Puerto Rico, this
16th day of March 2004.
LESSOR LESSEE
PLAZA PROFESSIONAL CENTER, INC PLAZA CONSULTING GROUP, INC
(SIGNED) Xxxxxxxxx Plaza (SIGNED) Xxxxx X. Xxxxx Del Xxxxx
Xxxxxxxxx Plaza Xxxxxxxxx Xxxxx Xxxxxxx Xxxxx Del Xxxxx
Affidavit number: -732-
Recognized and subscribed before me by Xxxxxxxxx Plaza Xxxxxxxxx, of legal
age, married and resident of Dorado, Puerto Rico, in her capacity of President
of Plaza Professional Center, Inc. and by Xxxxx Xxxxxxx Xxxxx del Xxxxx, of
legal age, married and resident of Corozal, Puerto Rico, in his capacity of
Treasurer of Plaza Consulting Group, whom are personally known to me in San
Xxxx, Puerto Rico this 16th day of March, 2004.
(SIGNED) Xxxxxxx Xxxxxx Xxxxxx Xxxx
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NOTARY PUBLIC
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