10.8 Lease for 0000 X. Xxxxxxxxxx Xxxxx, Xxxxx Xxxxxxx, XX
LEASE FACE PAGE
LEASE DATE: AS OF THE 2 DAY OF AUGUST, 2002
LANDLORD: RM Coral Palm Plaza, Ltd.
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LANDLORD'S AGENT'S ADDRESS: 0000 X. Xxxxxxxxxx Xxxxx, Xxxxx 000 Xxxxx, XX
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33328
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TENANT: National Beauty Corporation (OTC BB: NBEU
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TENANT'S TELEPHONE #: (000) 000-0000, Ext. 22
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TENANT'S ADDRESS: 0000 X. Xxxxxxxxxx Xxxx Xx. Xxxxxxxxxx, XX 00000
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TENANT'S CONTACT: Xxxxxx Xxxx, C.E.O.
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PROPERTY NAME: Coral Palm Plaza The "Plaza")
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DEMISED PREMISES: 0000 X. Xxxxxxxxxx Xxxxx Xxxxx Xxxxxxx, XX 00000
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APPROXIMATE SIZE: 900 square feet
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OTHER PURPOSE: A Discount Hair Salon featuring Haircut and shampoo ONLYAND FOR
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NO OTHER PURPOSE. *Tenant is advised that it is prohibited from operating a
Full Service Beauty Salon as per the attached Exhibit "E". Tenants is further
advised that it is prohibited from performing the following services including,
but not limited to, Hair Coloring, Nails, facials, and permanents.
TENANT'S BUSINESS NAME: Hair Max
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LEASE TERM: FIVE (5) YEARS and Four (4) MONTHS:
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BEGINNING DATE: August 1, 2002; ENDING DATE: November 30, 2007.
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BASE RENT AND ADDITIONAL RENTS SHALL COMMENCE TO ACCRUE AND BE DUE AND PAYABLE
ON: December 1, 2002.
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INITIAL RENTAL DUE MONTHLY ANNUAL PER S.F.
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BASE RENT $1,725.00 $20,700.00 23.00
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EST. COMMON AREA
OPERATING EXPENSES $375.00 $4,500.00 $5.00
SALES TAX $126.00 $1,512.00 6.0%
TOTAL $2,226.00 $26,712.00
PREPAID RENT: $2,226.00 (To be applied to December, 2002 Rent)
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SECURITY DEPOSIT: $2,226.00
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INCREASES IN BASE RENT: Three percent (3%) per year.
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FIRST ADJUSTMENT DATE: August 1, 2003
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OPTION(S) TO RENEW: Two (2) AT Five (5) YEARS.
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THE ITEMS CONTAINED ON THIS FACE PAGE RELATE TO THE CONTENTS OF THE LEASE. ALL
AGREEMENTS BETWEEN THE PARTIES ARE IN WRITING AND CONTAINED IN THIS LEASE.
Initials: Landlord /s/ JAK Tenant /s/ EAR
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