Vista International Technologies, Inc. 10-K
Vista International Technologies, Inc. 10-K
Exhibit 10.25
0000 Xxxx 00xx Xxx | PH: 000-000-0000 | FAX: 000-000-0000 | Xxxxxxxx Xxxx, XX 00000 |
February 13, 2013
Lease Agreement Terms Between Vista International Technologies, Inc. and Electric Power Equipment
Tenant: | Vista International Technologies, Inc. (Vista) | |
Landlord: | Electric Power Equipment Company (EPE) | |
Space: | The leased space consists of roughly 325 square feet of office space in the EPE facility as well as a roughly 550 sq. ft. storage area located on the second floor. | |
Use: | Tenant will use the office space for general office use, and the storage space for storage of non-hazardous materials | |
Lease Term: | Initial term shall be for twelve (12) months, commencing on March 1, 2012 with semi-annual renewals for subsequent periods. Vista must give 30 days notice prior to end of a lease period, if Vista intends not to renew. | |
Lease Rate: | Lease rate shall be a flat $350 per month for the initial 12 months, with a 3% annual increase built in for subsequent periods. | |
Lease payment: | The lease payment will be due on the First (1st) of each month. | |
Utilities: | Utilities are included in the above price, as is one internet connection. | |
Security Deposit: | None required | |
Condition: | Tenant accepts space in AS IS condition | |
Other Terms: | The parties agree that this agreement sets the terms and agreement for the lease of the office and storage space described above. The parties will come to a separate agreement covering any shop fees, parts, labor, or any other exchange between the parties. Those separate agreements will have no effect on the terms and conditions of this agreement. |
xxxxx@xxxxxxxx.xxx | ISO 9001 Registered | xxx.xxxxxxxx.xxx |
Accepted by:
Xxx Xxxx | Xxx Xxxxx | |
Chief Operating Officer | Chief Executive Officer | |
Electric Power Equipment Company | Vista International Technologies, Inc. | |
0000 Xxxx 00Xx Xxx. | ||
Xxxxxxxx Xxxx, XX 00000 |
Electric Power Equipment Company |