Exhibit 10.27
COMMERCIAL LEASE
This lease is made between Salinas Valley Public Warehouse, herein
called Lessor, and Monterey Pasta Company, herein called Lessee.
Lessee hereby offers to lease from Lessor the premises situated in the
City of Xxxxxxx, County of Monterey, State of California, described as 000 Xx
Xxxxxx Xxxx Xxxxx, #00, Xxxxxxx, XX 00000, approximately 8,000 sf upon the
following TERMS and CONDITIONS:
TERM and RENT
Lessor demises the above premises for a Month to Month term, commencing on
September 1, 1999 and terminating with 30 day written notice. Herein at the
annual rental of $.37/sf payable on the first day of each month and no later
than the last day of said month, for that months rental, during the term on
this lease. All rental payments shall be made to Lessor at the address
specified above.
UTILITIES and PROPERTY TAX
Utilities and Property Tax to be paid by Lessor.
USE
Lessee shall use and occupy the premises for the express purpose of storage.
CARE and MAINTENANCE of PREMISES
Lessee acknowledges that the premises are in good order and repair, unless
otherwise indicated herein. Lessee shall, at his own expense and at all
times, maintain the premises in good and safe condition.
ALTERATIONS
Lessee shall not, without first obtaining the written consent of Lessor, make
any alterations, additions, or improvements, in, to or about the premises.
ORDINANCES and STATUTES
Lessee shall comply with all statutes, ordinances and requirements of all
municipal, state and federal authorities now in force, or which may hereafter
be in force, pertaining to the premises, occasioned by or affecting the use
thereof by Lessee.
ASSIGNMENT and SUBLETTING
Lessee shall not assign this lease or sublet any portion of the premises
without prior written consent of the Lessor, which shall not be unreasonably
withheld. Any such assignment or subletting without consent shall be void
and, at the option of the Lessor, may terminate this lease.
INDEMNIFICATION of LESSOR
Lessor Shall not be liable for any damage of injury to Lessee, or any other
person, or of any property, occurring on the demised premises or any part
thereof, and Lessee agrees to hold Lessor harmless form any claims for
damages, no matter how caused.
ENTIRE AGREEMENT
The foregoing constitutes the entire agreement between the parties and may be
modified only in writing, signed by both parties. The following Exhibits, if
any, have been made a part of this lease before the parties execution hereof:
Signed on this 10th day of August, 1999.
Salinas Valley Public Warehouse
By: /s/ Xxxxxx X. Xxxxxx
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Xxxxxx X. Xxxxxx, General Manager
Monterey Past Company Monterey Past Company
By: /s/ R. Xxxxx Xxxxxx, President By: /s/ Xxxxxxx X. Xxxxxxxx
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R. Xxxxx Xxxxxx, President/CEO Xxxxxxx X. Xxxxxxxx, CFO
