EXHIBIT 10.15
RENAISSANCE HOSPITALITY
000 Xxxxxxxx Xxxx
Xxxxx, Xxxxx Xxxxxxxx 00000
Phone: 000-000-0000 Fax: 000-000-0000
Agreement to Lease
This agreement is made this Eleventh day of November 2004 between Renaissance
Hospitality, Inc., 000 Xxxxxxxx Xxxx, Xxxxx, XX 00000 (hereinafter "Lessor") and
American Consolidated Management Group (ACMG) 00000 Xxxxx Xxxxxx, Xxxxx X Xxxxx,
XX 00000 ("Lessee").
Lessor does hereby agree to grant, demise and let, and Lessee does hereby agree
to take, two sets of Laboratory Equipment as defined in ACMG (alternatively
known as ACMI) Purchase Order #s 1010 and 1011 dated 11/08/04 with
appurtenances, from the First Day of December 2004 for a period of 48 months
when the Lease Agreement comes to an end. The Lessee agrees to pay a rent of
Dollar One thousand eight hundred twelve and 36/100 (1,812.26) beginning
December 2004 on the first date of each month.
It is further agreed by and between the parties that the Lessee shall provide
1) Repair, maintenance and property tax for the Equipment under reference.
2) It is further agreed by and between the parties that the lessee shall provide
the required insurance3 on the said equipment and a proof of the same shall be
submitted to Renaissance Hospitality, Inc. every time a renewal of the insurance
occurs.
3) It is further agreed that the lease herein defined shall become effective
beginning December 2004.
4) It is further agreed that in the event the lease herein provided for shall be
executed, then and in such case the Lessor shall give, and the Lessee shall
take, possession of said equipment sometime in December 2004 and the rent
described hereinbefore shall commence and be payable on the First Day of Each
month.
5: It is further agreed at the end of the Lease Period the Lessor agrees to sell
all the equipment covered by this lease to the Lessee at a price of Dollar One
($1.00).
IN WITNESS WHEREOF, the parties herein sign their names.
Witness: Lessor: /s/ Xxxxx Xxxxxxx
/s/ Xxxxxx Xxxxxx Renaissance Hospitality, Inc.
(Xxxxx Xxxxxxx, President)
Witness: Lessee: /s/ Xxxxxx X. Xxxxxx
/s/ Xxxxxx Xxxxxx American Consolidated Management Group
(Xxxxxx Xxxxxx, Director)
