Vista International Technologies, Inc. 10-K

Vista International Technologies, Inc. 10-K 

Exhibit 10.25

  

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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.

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Accepted by:

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Chief Operating Officer		Chief Executive Officer
Electric Power Equipment Company		Vista International Technologies, Inc.
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     Electric Power Equipment Company