[THE MERIDIAN REALTY GROUP LETTERHEAD]
Agreement to Lease
This writing shall serve as an agreement between Xxxx Motion Controls, Inc, 0000
Xxxxxxxx Xxxx, Xxxxxxx-Xxxxx, XX 00000 , Lessee and Xxxxxxx X. Xxxx et al.,
Lessor, c/o Xx. Xxxx Xxxx, X.X. Xxx 0000, Xxxxxxx-Xxxxx, XX 00000 to lease a
certain portion of the warehouse located at 0000 X. Xxxxxxxxx Xxxxxx,
Xxxxxxx-Xxxxx, XX, as shown on attachment "A".
The lease term shall commence on September 1, 1996, for six months, with three
consecutive options to renew for a term of six months at each term expiration
upon two months notice to the Lessor and Agent. Either party shall have the
option to cancel the lease upon a six months written notice after a period of 12
months occupancy with notice to either Xx. Xxxx Xxxx or Lessors agent Xxxxxx X.
Xxxxxxx, Meridian Realty Group, Inc.
Lessor shall maintain, at his expense, fire and extended property insurance for
the building and the Lessee shall maintain, at his expense, liability and
property insurance for the stored property.
The Lessee will protect and save the Lessors harmless and does hereby indemnify
the Lessors against all claims for damages either to persons or property of
whatever kind or nature arising in any manner out of or on account of its use of
the leased premises or on account of any condition of the premises for which the
Lessee is responsible under the terms hereof. Lessee will notify Lessors of any
exterior or structural defect in the lease premises of which it is aware which
may cause injury to any person or property so that Lessors may take whatever
action that may be necessary to correct the same.
Rental for the subject leased space shall be $1.50 per square foot, annually on
35,340 square feet (as shown on attachment "A"), for $4,417.50 per month. With
the rental due the 1st of each month and all made WITHOUT FURTHER NOTICE payable
to Cooks Warehouse, c/o Xx. Xxxx Xxxx as addressed above. However the lease rate
for the month of September 1996 shall be one half the rate quoted above (i.e.
$2,208.25) with payment of the September 96 and October 96 rental due together
in the first week in September 96.
Any increase in the buildings annual insurance rate, above that at the beginning
date of this lease, which increase is caused by the Lessees activities, within
the subject space shall be the expense of the Lessee.
The Lessee shall have the privilege and responsibility of removing, at the
termination of his lease occupancy , any and all equipment, wiring material,
etc., which he has installed in the building including any walls except for
bathroom area which shall remain a part of the building.
Signatures below acknowledge the understanding and agreement of the terms set
forth above.
Acknowledgement
Xxxx Motion Controls, Inc.
By: /s/ Xxxxxxx X. Xxxx Date: 10/20/96
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XXXXXXX X. XXXX, PRESIDENT
Acknowledgement
Xxxxxxx X. Xxxx, et. al., Lessor
By: /s/ Xxxxxxx Xxxx Date: 11/22/96
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By: /s/ illegible Date: 12/02/96
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The Meridian Realty Group, Inc.
