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. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . '. . . . . . . I. . . Lease Agreement METRO PLUS PROPERTIES, LLC and SEA Y TOWING INC. THIS AG~EMENT, entered into this ~ day of OCTOBER, 2009, between METRO Plus Propel1ie~, LLC, a Florida limited liability company (hereinafter referred to as "Lessor" or "Landlord") and SEA Y TOWING INC., a Florida Corporation, (referred to as "Lessee" or "Tenant"): WITNESSETH, that Lessor does this day lease unto said Lessee, and Lessee does hereby hire and take as tenant under said Lessor at 8300 NW 7th Avenue, Miami, FL situated in Miami-Dade County Florida (the "Premises"), to be used and occupied by Lessee for commercial purposes and for no other purposes or uses whatsoever, for the term of. subject and conditioned on the provisions of clause ten of this lease beginning the 7'h day of October, 2009 and ending the 31st day of October, 2014 (the "Initial Lease Term"). Provided thl1t Lessee is not in default under the terms of this Lease, Lessee shall have the option to i extend the term of this Lease for one additional term of five (5) years (the "Option Lease Term"). Lessee shall I exercise its right of eftend the term of this Lease by giving Lessor written notice of such election not earlier than nine (9) months nor I,ater than four (4) months prior to the expiration of the initial Lease Term. All other terms, covenants, conditions) of the renewal lease shall remain the same as set forth in the Lease herein. "Renf' shaUibe equal to the GROSS sum of $ 10,000.00 per month. The GROSS rental amount includes real estate taxes imposed upon the Premises for each year, and applicable sales tax (7.00%). Total GROSS Monthly Rent $10.000.00 Lessor agrees to give Lessee free rent for the month of OCTOBER 2009. However, Lessee is required to remit to Lessor first month's Rent (November 2009) in the amount of $10.000.00 upon execution of this Lease. After the third year of the Initial Lease Term, and during each year of the Option Period if the lease is extended in accordance with the terms hereof, the Gross Rent shall be increased by two (2%) percent per year over the rent for the preceding year.. The "Security Deposit" shall be 10,000.00, which shall be payable upon execution of this Lease. Lessee agrees that such Security Deposit is being deposited with Lessor as security for the faithful performance and observance by Lessee of the term~, provisions and conditions of this Lease; it is agreed that in the event Lessee defaults in respect of; any of the terms, provisions and conditions of this Lease, Lessor may, without prejudice to any other remedy which Lessor may have on account therefore, appropriate, use, apply or retain the whole or any part of the security sq deposited to the extent required for the payment of any sum as to which Lessee is in default and Lessee shall fort~with, upon demand of Lessor, restore said security to the original sum deposited. Lessor may commingle the security depo;1t with its other funds and no interest shall be payable to Lessee. In the event that Lessee shall full~ and faithfully comply with all of the terms, provisions, covenants and conditions of this