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HomeMy WebLinkAboutReso 1997-0008 RESOLUTION NO. 97-8 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF SUNNY ISLES BEACH, FLORIDA APPROVING LEASE FOR OFFICE SPACE FOR THE CITY OF SUNNY ISLES BEACH CITY HALL ATTACHED AS EXHffiIT "A"; AUTHORIZING THE MAYOR AND CITY ATTORNEY TO NEGOTIATE ANY NON-MONETARY CHANGES NECESSARY AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, in view of the limited commercial space available, the City Commission approved the Mayor and selected citizens to gather information about space and rental amounts available within the corporate boundaries of the City of Sunny Isles Beach; and WHEREAS, the search revealed only one space that could meet all requirements including a substantially below market value rental price, the Mayor wishes the Council to consider the space and the lease terms offered the City for its review and consideration; NOW THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF SUNNY ISLES BEACH, FLORIDA: Section 1. The Mayor is hereby authorized to enter into a lease agreement on substantially the same terms and conditions as set forth in the lease attached as Exhibit "A", and incorporated herein by reference as may be modified by the Mayor and City Attorney as to nonmonetary terms. Section 2. Should any material changes be made, the Mayor shall bring the lease before the Commission for further review and consideration. THIS RESOLUTION SHALL BE EFFECTIVE UPON ADOPTION, this 21st day of August, 1997. Attest: '- \ ...., MIAMI:F:\DOCS\LMD\ML\64734.1:9/11197 (9:54am)- - 1 Approved As to Form and Legal Sufficiency if JJD. - ~.- Cl Attorney Moved by: ~~M'~~t_"" ^:~~ Second by: ~ U.~1oI6t. "~t~ MIAMI:F:\DOCS\LMD\ML\64734.1 :9/11/97 (9:54am) 2 PROPOSED BY LANDLORD THIS ADDENDUM SHALL BE AN INTEGRAL PART OF THE LEASE AGREEMENT. IN THE EVENT THAT ANY TERMS OR CONDITIONS CONTAINED HEREIN CONFLICT WITH THE LEASE AGREEMENT. THE TERMS AND CONDITIONS OF THIS ADDENDUM SHALL PREVAIL. LEASE BETWEEN: R.K. ASSOCIATES (LESSOR) AND THE CITY OF SUNNY ISLES BEACH (LESSEE) FOR THE LEASED PREMISES KNOWN AS 17070 SPACE #250. 251,252 COLLINS AVENUE,SUNNYISLES BEACH FL 33160 t. n-y I'f' prt..(,.... ~ \ ( S> AS AN INDU~MENT FOR TENANT TO REMODEL THE LEASED PREMISES AND DEVELOP A :!tST ~1..A::i::i OPEKAu~. LESSOR GRANTS LESsEE A RENT CONCESSION AS FOLLOWS: LEASE PERIOD AUGUST 1, 1998- AUGUST 31, 2003 BASE RENT $17,000.00 DISCOUNT ($12,833.34) New Monthly RENT $4,166.66 COMMENCING SEPTEMBER 1, 2003, LESSEE SHALL HAVE AN OPTION TO EXTEND THIS LEASE UNDER THE TERMS SPECIFIED IN THE BASE LEASE AGREEMENT. DURING THE CALENDAR YEAR 1999, AT THE SOLE DISCRETION OF THE MAYOR AND THE CITY COUNCIL, THE BASE RENT IN THE LEASE WILL BE REVIEWED ONCE AGAIN. IF THE CITY'S BUDGET PROVIDES FOR AN INCREASE IN THE RENT , LESSOR AND LESSEE WILL AGREE ON ADEQUATE TERMS FOR A MODIFICATION TO THE TERMS CONTAINED IN THIS LEASE AGREEMENT. AS AND ADDITIONAL CONCESSION LESSEE'S PORTION OF OPERATING EXPENSES PURSUANT TO CLAUSE TWENTY THREE (23) OF THE BASE LEASE AGREEMENT WILL BE INCLUDED IN THE ABOVE REFRENCED RENT PAYMENTS. ALSO, SINCE THE CITY IS A MUNCIPALITY, TAX EXEMPT STATUS WILL APPLY. 1) DELIVERY OF LEASED PREMISES: LESSEE IS ACCEPTING THE LEASED PREMISES IN AS-IS CONDITION. LESSEE WILL UNDERTAKE ALL WORK NECESSARY IN ORDER TO OPEN THE LEASED PREMISES FOR BUSINESS, INCLUDING RECEIPT OF A CERTIFICATE OF USE AND OCCUPANCY, AND ALL ZONING APPROVALS AND LICENSES. I' I' 2) AT LESSORS SOLE DISCRETION, AT ANY TIME DURING THE LEAS~ AGREEMENT, IN THE EVENT THE TENANTS OCCUPYING THE SPACE IN FRONT OF THE PASSENGER ELEVATORS TO THE LEASED PREMISES, LESSOR MAY CONSTRUCT A HAN~ICAPPED ACCESSABLE HALLWAY FOR LESSEE'S USE ARDIN RETURN RECEIVE AN ADDITIO~AL $1,000 PER MONTH FROM LESSEE IN ADDITION TO' MONTHLY RENT FROM LESSEE. AGREED TO THIS DAY Of AUGUST 1997 BY: LESSOR-R.~. ASSOCIATES LESSEE-CITY OF SUNNY ISLES B~CH DAVID SAMSON, MAYOR '-r'lI. I """''''''_,--, I _ i II Business Lease THI$ AGREEMENT, entered into this_day of August 1'997 between R. K. ASSOCIATES, hereinafter called the lessor, party of the first: fl'lfI. Ci ty of S'unny Isles Beach and , , of the County of DADE and State of FLORIDA hereinafter called the Lessee I or T CIl.JIlI, party of Ihe second part: : WITNESSETH, That the said Lessor does this day lease unto said Lessee, .Jnd s::Jid Lessee ~()es hereby hire and take as Tenant under said Lessor Space 17070 CO~lins Avenue, Suite 250,251,252; Sunny Isle$ Beach, ' I Siluale In DADE COUNTY, STATE OF FLORIDA, for the tertn of ";,,,; beginning the~day of ~t Fl. No, Six (6) Years :Jnd cnding the ),1 st day of August at and for the agreed rental, payable as follows: IN ADVANCE ON THE FIRST DAY OF EACH AND EVERY MONTH; WITHOUT DEMAND, DEDUCTION OR SETOFF AT: ' Seventeen Thousand dol "'r'i 1$17,000.00) PERrvlONTH; EQU.o.L1NG Two Hundred Four Thousand Dollars UASE RENT 1997, ,19~) , ., BASE RENT I 1$2,'04'~~N89>.l I And a<'lrJilional rent as here/naf/er set forth In this Jease; plus a/ltaXes in th~ nature of sales, I ",0- Ol' 'IInllar taxes now or hereafter assessed or levleel by any laxing authority upon Ihe payment of fi>:ed : (en I Ol' aO<JIlJonal rent as hereinaf/er defined. I COMMENCING JANUARY 1,. . 2~ANO ON EACH SUBSEQUENT: JANUARY 1 OF THE ORIGINAL LEASE TERM AND ALL OPTION PERIODS, THE BASE; HENT WILL BE INCREASED ANNUALLY BY FIVE (5%) PERCENT, OVER THE i PI~C:VIOUS YEAR'S BASE RENT. " Leuee: Llpon the execution of this Icase, _grees to pay the amount or S n-one _ 0- which ~11JH be 11(:1<1 as security for Ihe Lessee's performance as herein provided and refunded.to the Lessee at the end of this! 10.'-0 ,uhioctto the l.sse,', ,ati,raetory compliance with the condilions hereot, a, stipulated in pa:agraph 17 or thl, , h.!.1:>c All pay'-nents 10 be made to the Lessor on the first day of each and every month in .JtJV'-lI1CC wilhoul demand allhe office of R.K. ASSOCIATES 17100 Collins Avenue, #225, Miami, 6c~ch, Florjd~ 33160 or at such other place and tei such other person, as the Lessor may from' limc to Iimc designale'in writing. ' FIRST; 'USE: If is hereby understood and agreed that the Use of the leased premIses Is limited to *at1 amended by Addendln of even date I elt Of SU"1l Isles Bea . and tor no other purposes wJl.11socvcr. Any \lioL.lion :0' the 8greed un, or any typo of disturbance or Interl.renc;e with -any other Tenanf. use d,Ju:.c:, bu~inQ::'s and/or cicluslvity wUl be . violation of this 1..s8 agreement In the .vent th.t. is a vlol.tion o( this "'C "ou,e)*Los>or ,h.JI ro,"ln Iho rlghl at Its sole option to lorminat. this lease agre.mont Imm..latoly, Nothing conl..JII1Cl.I in lIus Ic.1~c sh:.i'I'givD the Les:occ any right to demand pwtformanco by or trom any other Lnse. or (rom the It):.:-.ur, Moreover, viol:itio" ot this clause by anGUlar Tenant locat.d .t the shoppJn" Genter of \o~"'ch u-.. I....d >J'ClllJ~C~ olre a p.ut of sh:}ll nol parl1l;t tho Lessee to have the n,me violaUon or otherNIse operat.".. . waiver Qr lc~:.o(:. liuhls in this Ic.:1s(',. **""ich will not be Unreasonably withheld. ::ir;:CONO; ASSICNMENT -S:l,JBLEASING;- Th. Lesl.. shall not assign thl. loas~. nor sub-let the pi (,1I11:'C~. Ul .my pari thereof, wilhoLJt Lessor's written permJsslon. *rn the event Lc,ssor grants Len.. the right to :>\Juh.:l, il j~ rully i!Jrecd ana. understood that lessee will be responsible for complerIng all ne<:essary i~provemenls in :;/:';cr to rclrofillhc leased premises for occupancy. Lessee shell tontioyC to remain rully rQspo~ible tor all obligatian5 d:Jt uncjcr thl: hums of the ll:au agreement. i i t fit ticinal act!; or negli9enie ***Except for damage, loss or clai.. ar 8 ng au 0 n en , ~ THIRD: PERSONAL PROPERTY.LESSEE'S RESPONsIBILITY/*M personal property placed or g, mOiled In, Ihe premises above described shall be at the riSk of the lessee or owner to, ereo~, Lessor. any agont of the II LC~!;or, .3nd/or any princip~1 of the Lessor shall not be liable for any and an damage to 5i!IJd personal property., to tho L",ec .""ny from tho burning or leilklng of water pipes. from any aet of negligence of any co-Tenant or occupant or I'J the LJulldlllg or ot any oUler person whomsoever. . " , " , ~m fOURTIf: COMPLIANCE WITH LAWS: The Les..e shall prompUy, execute and comply with ell .s ,tolule,. ordlnilnces, rules, ordors, regulations and requlro~enl:s of any ;"ppliceblo .Federal, Slllte and City Governmont ~ ~ anu 01 :lny ;Jnd all their CIf-p:1rtments and Bure_us Including any Taxing Autho~ty or Utility; a~d esse~ shall also ,., a iilIi pcomptly comply with all rules orders and regulations of the applicable fire prevention eode$ tor th prevention of fires, @.. .11 .( L.a.e', own co,t ilnd e~pon'e. ssor and ~ ~ -~~ 4" ....y event within 15 days after Tenant's receipt of written ,notice by Lessor .............., pay these charges and theY ahal I I lJtilitie~~u be separately metered at Lessor's sole ellpense. TENTH: secURITY INTEREST: Th. .aid l..... h.reby pI.dg.s and ,j"'gn. to the l.,sor .11 iii. 'u'nilure, li.lur.., goolls 'nd chan.ls 01 said l...... Which .h.II or may b. brought or put on .aid pr.mises as security for the payment 01 Il,. ront h.roln resetlled. and th. le".e .gr... that th. .ald lien m.y b. .nlorc.d by d;.lress (.nd l..... \V.ives all right. to require los.or to POst bend), lor.closur. or othetwis. .t tho .'ection 01 tile $i.lld Lessor by lire or ulh.r C"u.'ty during 'h.lif. 01 1111. agr..ment. whereby th. .am. .h.1I be render.d unte ,en 111 le.,or .hall halll, the right to r.nder .ald pr.mls.. t.nantobl. by ropllirs within '. . th.r.from. II s~, pt.m".s .r. not~dnd.r.d t.nantabl.Will1in .oId tim.. it sha" b. optional '.r Po1ny h.,.to to canc.'lI1i. I..se and ,n tho .v.nt ol.uCh canc.llation th. r.nt .holl b. paid e date 01 .uch lir. or easu.'ty. Th. cancolloll", het.in menhon.d .h." b. .vld.nced In \NTltin .tanding anythIng to tho c;ontnlty contained h.reln, lessee 'h.1I be lequireo' to pay all re .rating exp.n... during any period in Which the premis.. ar. renderec unlen.nl.lile, eilh .or OWn 'oUrc. of lund. or throW'~ 19l"r~6Rfi!~ge Which le....: is r "<within 15 days fran receiPt of written notice from Lessor unless thE ~s6iTH: DEFAULT: The prompl paym.nt 01 th. rent for said pillm/ses Upon the dat.s named.;b~d Ih. "'Ihlul obs.tvil';c. of th. rul.. and r.gulations prinl.d upon this lea.., and which are h.reby mad. a part of tili. coven.nt, and Of'sJCh olh.r .nd lurth., IU/.. or r.gUI.tions as m.y b. h.r.afte, mad. by the L.ssor. ar. th. condition. upon which the I.... i. m'd. and acoepted and any f.ilur. on the part of the L..... to Comply with tho term. of ..id I."~,~r any 01 said rul.. and r.gul'Uon. now In exiot.nc., or ~hich fila\', b, ~.roatl.fgr~rj&c' by the Lessor, 'h.II.llhe orlion 01 l...or, constitut. a d.faUllulld.rJlli. I..s,. FaIlure or LeSSOr I by its obliglitlons shall ccnstitute a deraUlt by LeSSOr. seVENTH: ABANDONMENT: If th. l.ss.. shall abandon or vacat. said pl.mises b.for. th. end of lhe lernl of this I.a... or s~all suff.r th. r.nt to b. in .rr.a... th. l..sor may, at it> option, lorthwith caneel this I..,. or e"ter saip ,pr.mis.. a. tho a~.nl 01 Ih. l..s.., without b.ing lIabl. in any Wily th.r.for,' and r.'.t tho premi... wllh Or without any turnitur. th.t may b. th.r.'n. as 111. .g.nt ot th. L...... at such prlc. and upon sUOn Ic..n. and lor .ucli durallon ot tim. as 111. l...or may d.t.rmin.. and r.c.ive Ih. r.nltherelor. applyin~ th. Slm. ,'0 Ih. P'ymenl 01 te~1 duo by th.se ",.sent.. and if tho lull r.ntol hor.in "'""id.d shaU n<>t b. r.allzed by l.ssor o....r , M" .bov. Ih. exp.n... '0 Le..or In ,uCh rOo/.Wng, 111. .ald l..... .holl p.y any d.r,elency, l.ssor sh.1I n<>t b. ! ""b'. 10 lns.c in the .v.nt ot .ny ..c.... Notwllhstanding le....'s abandonm..,1 or l...o~s acc.ptanc. th.reof, r l."ce 'h." b. r.'ponsibl. to .all.ly any and all obligations du.1o L."or und.r th.l.rms of this I..... ~ E1CHTH: COLlECTlO~~'.\l\.~~J:sts ot collocUons .nd anome)"s f..s incurr~d ~ ~ in tho cvent 01 any br...h 01 this I..s. by 1o#.,U.. This prolli.ion shoji apply 10 .11 l>i.1 and app.lI.1. M ploce.ding.,..L..<<... ',- ....,.... /I r'g~"1 . .;. r ,I-H- R')'. f:*':.e~~'';~~'''Party i NfNTH: UTILITIES: Th. Le.... .gr... that h. will pay all charg.. for rent. g.s, electricity or other in ,1Ivnllnallon, rubbISH r.mova" and for all wat.r uS.d On ..id pr.mls.s, .s w.1I a. any and allla.lI.biIW.., and should .... ",.... ,. '~<;"~'. .~". ,.- -. -...... .....~ ,.. ..".. ...., ...~""". 'F '. Ihe 'p.co 013D days .rr.r sam. shall have b.com. du., the L.ssor may, at Its option"",,,:, U, .'~ .le...~_ "'5 a eL~veNTH: lESSOR'S ACCESS: Th. Le..er. or any of hi. ag.nts. shall h.va th. righl to .nt.r ..id pr.mis.s during, ~I( r.a.onabl. hours, to -min. th. 'a",. to malee Such r.pa'n;. IIddiUons or all.rlltion. a. may be deomcd necessaryf',r th. sal.ty, oomfort, or pr.'.rvauon thereot. er ot .ald bUilding. or 10 exhibit said pr.ml..., .nd to put or ke.p upori th. d_s or windows thereot a noUc. "FOR RENT" at any Um. within sl. (O) month. b.fot. tl1. ..pir.lion ot lili. ,...~. The righl of entry sha/llik.wi.e ..isl tOI th. purpose of remOVIng pl.cards, sign., IiJCtur... allerations, or addilioM; ich do not conlolm.lo this agr..m.nl, or to tho rul.. and r.gu/aUons of th. bUilding. ' r ariy extensIons. i TW!:lFTH: ACCEPTANCE OF PREMISES AND REPAIR: l.ssee her.by acc.pt> the pr.mis.s in the condition th.y a,p h at tho b.sinnlng ot this I.... and .gr..s 10 mainlaln said pr.mis.s In th. sam. condlUon, orde, OM r.pair.. thOi' ~r. al tho comm.nc.m.nt ot Slid lerm, ....pting only reasonabl. W.ar and tear arising Irom l,~e u.. ther.o' und.r;lhl. agr..m.nt. .nd 10 mak. gOod 10 said Lessor imm.dlately upon d.mand. any dam.g. to waler 'Pp.'.lus. or electric lighls or any fixtur., applianc.. or appurtenanc.s 01 .aid pr'mlses, or of the bUilding, C'U..d by .ny act or neg'.ct 01 l....., or 01 any p.rson or person I in th. employ. und.r tho conltol of the L....., or . bu"ne.. invil.. ot I~. 'l...... IIl.....,.lu... or n.gl.ctl to r.palr tho I.ased promi... as r.quired h.r.under to lh. rea.onalil. satisla~lic'n 01 th. leuor as Scon a. r."onobly PO"'bl. alt., wrin.n d.mand. L.ssor m.y mek. SUch "pairs Wilhout li.liility, to L..... lor any Iou Or damage that may occur to l.....'. m.rchandise, r,""'r.., or ollto, P,op.rty, or to l.ss..'s ",uSln... by r."on thereOf. and upon compl.ijon ther.ol. l.ss.e shall p'y a. addltion., r.nl Leosor'. COst tor m.king 'uch r.p.irs pIaos tit, (2.%)~. c, I I _. ,/,...., upon pr.s.ntation 01 a bill thereror. 0,," bill .11." includ. i~lcre$1 "'h. high..t I.gal rat. on .ald COsI Irom tho dalo of compl.tion 01 r.p.lrs by lossor. rr o It ~ THII~rEENTH: INSTALLATION SY TENANT: Ail P.rsonalty Install.d by Tonant 'ho" b. new or compl.'a'y r.eondiUoned. T.nant sh.1I not mak., or CIlU.. to b. made, any Int.rlor alt.rationl, addition. ot ,mprovemcnll or inst.oll, 0, cau.. 10 b. In.ta".d, any OIl.rlor .igns. ut.ri"r 1i9~Ung. plumbing liX1llr.s, .had.. or awnings or make any ch.nges to tho storo front without lirst obtaining l...o~s writt.n approval an. con..nl T.n.nt .hall pres.nt to tho lessor plan. an. 'pecilicaijon. for Work at th. time approval is SoUghl ' Exceot: for any damlsa.. IPsa or claim arising" FOURTEENTH: HOLD HARMlESS:llt i" dpr.uly 8gr... an.rllii'derslcod by and b.tw..n the .. ?art'.. to Ih" .gr.eme,nl, that tho l."or. Its principals. .mploy.... agents and all affilial.d or relal.d own.rshil'/l ~ enl't'c. 'ha" nol be IIabl. to l..... for any damage or Injury by wat.r. or wal.r I.epag.. any damag. or inju'Yc ~ re,ulling from tho c.r%"n..., negllgenc.. or Implop.r c;onducI On the part of any other Tenant or ag.nts, 01'" ompioyees, .ny damage by r.'son 01 th. breakag.. leakage. or obsl>Ucllon of th. waler. I.w.r or soil pipes, Or oth.,::: le.k.ye In or about the sold building. N.ither th. L...or nell L'''of. ~g.nb .hall b. te,po~~lbl. for any. damagesif ca",o. hy, or growing ou,! 01, any br.akag., leakag.. or dot.el/ve ""ndltion 01 th. .'.clrlcal winn~, air conditIoning Of 0 "eat'nj PIp., and .qUiplTi~nt, plumbing, appliances. .prinkJer.. ou'er f8cJ/iti.. or oth.r .quipm.nt, ..t'VIng .... I......; ... prem".;,' Neilh.r Lossor nor L...o~s ag.nt. 'ha" b. liable lor any damag.. cau... by. or grcwln~ ~UI of: any de"'~ i ,n Ih. ~hoppin9 C.nter or .ny part th.r.ot, or In said l....d Pr.ml... 0' any part Ih~reol of tl,e. n>ln, Wind ~r oth., ~ c.use. Lessor. ils prine;pni" employe.., Og.nts and a" .ffill.t.d or r.'.ted owners/lOp .ntIU" shall no! be h.ble 10 rr ,",~, ". "" ~ "" '"'~... ".m .~ ~ " "_.. ''"~, _."... ..,,"_.~, _" "'''"' ~" ~ j C"'.... III ... S!!<!l o ~ ., n 2 . !'IFTEENTH: BANKRUPTcY: /I Ih. l..... shall ~ec:om. In.iolvont '" ir ban~rupll:y prec..di, .h..1I b. boaun by or ag~'nstth. l....., b.fore th. .nd or saId I.rm th. l...or ISlh.r.by Irr.vooably author/z.d al OPhun, 10 rortriwilhoa,no.lli>ls I..... .s ror. d.r.ull l.ssor m.y el.<t to -eptrent f""" suoh receIVer truste. CIll.r,iUdiol.' o((jo.t during Ih. lerm or thol, -upanty in their liduci.ry o.pacity WithoUt .ffecUng leno;s right.; ,0nl.ln.u In 1I1is 'o~tra'l. but no r.o.iver. trustee or oth., judicl., offic.r shall ever have any righi, tiU. or inler.st iri 10 the .bov. d.'c'i~.d prop.rty by Virtu. 01 this oonlr.n le"or shall .1.0 bc grant.d immediat. reli.' from a, "ppl'cable autom.lI, slay 10 see~ evIction or other r.m.dies or shalllib""'e ~. enuU.d to.n obtain order autnorizlr · r'Je,"on 0' Ihy I.;'se .llh. lesso,.s oPUon which may limit tne T.nant Irom m.'ntainlng Poss.ssion 01 tn. premise nOtwithst.ndlng, tn. inslllullon of b.nkruplcy, In th. .v.nt L."or Is r.qulred to ...roi.. .ny rights und.r th pa"9";>11, l.ss.e agr..s 10 imm.dial.ly oonsont to any and all 01 th. r.liol requesled by l."or. I SIXTEENTH: ACCORD AND SATISFACTION: No paymenl by l...... or r.c.ipt by L.ssor. Of; i'''.r amounl Ihan .the monthly r.nt herein sUpulat.d shall b. deemed to b. oth., thllll on aCCount 01 the earii.s '''pulal.d renl, nori shall any .ndors.m.nl or .tat.m.nt or .ny check or any "lIer aoCOmpanylng .ny ch.ck :0' P.ym.nl a, r.nl b., d"med .n aooord .nd S.U.,aclion. and l.nor may aco.pl SUch oheck or payment withou: prejudIce 10 l... ,,.. tighllo r.covcr Ih. balanc. 01 ,uch rent or Pursue any oth.r r.medy provided her./n or by law. I l..... to keep and pertorm any ollhe lerma, eov.nants and oendition. of Ihia I.... 10 b. k orm.d by l....., th.n the les.or al its option may. .ppropriale and apply .aid .nUr. d. muoh th.r,of aa may b. n.'....ry. 10 comp.n,.I. th.l..sor lor all Iou or damage SUI .r.d by l..aor duo to .U<:~ br.a.~ on iii. parl 0' L......~hould l..... comply with .11 . a, cov"'.nts 'nd .0ndiUons and prOmpuy pay aU 0' the '.n'ol h.r.in provid." ror aa II 'all . . olh.r 'uma payabl. by l..... 10 le..or h.r.und.r, the said depo.it 'h. II b. r.lurned ' oul J,,'.r...t,. 10 L..... .t the .nd Ol.tn. lerm 0' thi. I.as.. provIded th. leased pr.m/,';. EIGHTEENTH: BINDING TERMS: Thla .enlract shall bind the L'''or and ils aSSign, or 'bce.sso", and the hei", '''igns, p.,.ona'r.pr..enlativ.., or SUcce.,ots as the oa.e may be. 01 the L.ss.e, NINETEENTH: TIME OF ESSENCE: It is understood and agreed b.tween the parti.s hereto that 1,m. IS 01 the e"ence '" this conlraol and thIs applies to all t.'m. and condiUons conlained herein. TWENTIETH: NOTICE: It i. und.rstood and agreed b.tween the parti.. hereto thai writt.n nouc~ mali.d. faxed or d.livbr'd to Ihe premis.a I....d her.under shall conaUM. surllcl.nl notioe 10 the L.ss.. upop *~, tr.nsmi..ion or deliv.ry. Writt.n notioe mailed via c.rtili.d mall. return r.c.ipl reque.ted, or deliv.r.d to th~ or'i,. 01 lh. Le.,o, '~all consutut. 'ufficl.nl nolice 10 th. l,ssQ,-~pon rec:.ill!e.!r oomp/y with th. term, 01 this contract *rec.,;pt via certified lIIail, return receIpt: reque " TWENTY -FIRST: NUISANCE; Tenant shall nol oommllany wasl. uPOn th. I....d pr.mis.. or any nuisan'o or oth.r a.t or thing Whloh m.y dJaturb tho qui.1 .njoym.nt 01 any other T.nant alth. S~oppfng C.nt.r. or ",hoeh may OUV.rsely .rr.ct L...o,-. fee inter.'l/n tn. l....d Pr.mia.. or In th. Shoppfng C.nler. No lOUdspeakers: pllunoliraphs, m.ohiner~, m.chonic.1 apperatua, Of oth.r d.v'c.a ahall be u'.d or allow.d to oP."'I. in . mann.r sa ;" 10 U. h.ard or 'e'n .ulsi.. 01 Ih.I....d pr.ml,e, wilhout th. prior wrmon con.ent of tho Le.,or. , TWe'llTY-SECOND: lEsSOR's RIGHTS: Th. right. of th. l...or under this I..,. .hall be 'umul.liv., .nd 'alfu'. on the port 01 Ihe l."or 10 ex",o;,. prompUy any rights giv.n hereund.r shall nol operal. a. . wa,ller o( iJny of Lenor's rights, ,I 1 een , , % 01 op."'tIng exp.n..s IncUrt.d durIn IS leas., Op.r.ting upense, includ.. bu~ are not Iimiiid 10: real estate Iax.a. 01 ma ntenanc., Le..o,.s lir. and ""'.nded cover.g. and publio liabllily Insuranc. .nto, applicable charges fo, all utl/IU... ....t., and '.wer, an~ managem.nl of . ym.nls for said additional rent shall be made monthly. bas.d on the previous yea", ""'-".. ~ii~ ~.,-' '-t '''iI' ~1 .....~"JftA-1 ~&IRl.MlUy. i TWF.NTY-FOURTH: INSURANCE: Th. L..... sh.1I mainlaln With r"p.ct to the '..s.d pr.mis.s and Ihe property 01 ",'>johlh. I.as.d pr.mis.s are a part. oomme",ial general liability In.uranc. in amounts of not less than the rOllowing limits; General aggr.gat. limit (other than producls<omp'ated Ope",Uons) _ $$00.000, P(OdlJc~';-(;ompleted opcr.Uons aggregate limit _ $500,000, Personai .na advertJsing injury limit ~ $500,000, Each,oC::C;:14trence limit - JS90,oOO Fire (laOl.ag. limit - 5100,000 ..ny one fire, Medic':al e~pens. Jlmit - S5,000 any one p.r~on, Piale g/i... Ooverag. . in amounls ,urri.l.n~ to OOVer replac.m.nt of any and all plat. 91." in Ica'.d premi,.,: I , Wilh re,j,onsible cOh'panles qUllllned 10 do bus/n... in th. Slat. of,Florfda Who ar. Well rate~ by a rcc09'l;.od nationai 'aling organizalion 01 nol la.. than AAA "'er.'n in,uring th. l'..or a. W.II .. l..... agalnot 'nJury 10 PO"on, 0' daMas' 10 property .a provi~.d, In addition to ..,. above r.reren..d./n.urane. ~varag., le..ee : shall tic requir.d 10 manlain property oov.rag. In the amount of $2$0,000 (whICh musl tnclude bUSlne.. Int.'r:upUon , cover.g., which includes "aym.nt 01 all renl and op.rating "'Pen... to leSSor) 0' a sUfflc/enl amounl to proVld. lor 'he ..placom.nt 01 aU filrniture, II",ur... and .quipm.nlln th.I..s. premiseS, p/u. .lIlmprov.m.nls .0mpl.l.d 'n the leased p{emise~, inc;luding Lessor's tenant Improvement Work. The Le'''e ,hall depea" with th. l..,o, .ertin...l.. for such Insurance at or prIor to the eommeno.ment Of Ih. l.rrl', and th.reafl.r Within thirty (30) days prior to th. "'pi"'tion 01 any SUch POlicies. All ~uCh murane. C.rtitlo'l.s shall prOVide that such polioi.. shall not be canoe/.d without al I...t Ion (10) days p,'or writt.n notice 10 .ae~ insur.u ,ham. th.r.in in.'ud/ng L'uor. Th. Lessor must be name.d aa addIUom.' Inaure" On any ,n'urance policy, In,urinoe must b. In force at th. .omm.nc.m.nt 01 Ihelerm of lhls lease. Failur. to comply w,lIt this prOvision will be c:on:sidered a violation of this lease and 3 ~o"or may, at ils sol. opUon, t.rmlnat. thl. I.... .gr..ment:lmm.diat.,y, Th. ~..... .h., PO"nil any Oso of 'he I....d ",em/... th.t Will m.ke IID/dab'. .ny in."""",. on th.proP.ny at Whl.h tho I.. ,".mlSe. or. a part, or on the .ont.nts at '.,d prop.ny. Th. L..... .h.1I ~ r.'mbo". !h. Le"or, .nd c T.nonts, olle"r. in.ur.".. pr.mium. c.u..d by th. L.....,. US. ofth. pr.ml.... *upon 15 dayS' written notice TWENTY-FIFTH: ADDITIONAL RENT: /t is und.nllood and agre.d betw..n th. Parti.. h.reto I any .harges .gain$lth. L.ss.. by the L."or for s.rvi... or for work done on tho premi... by ord.r of !he Les.e. olh.rwlS. ...rUing ,under this .onlract .hall b. consid.r.d as rent due and shall be indUd.d in any lI.n fat rcnt c ind onp.id. Notwithstanding the f~i~. Le!lSee shall not be liable for any tenant Inpro;,E!lIIent work done prior to LeSSee Staking (lOssession or for any WOrk requirE ' TWENTY-SIXTH: HAZARDOUS MATERIALS: Hazardou. mal:et1a1s,.. d.fin.d in Chapt.r 24 ... ,.~. ~~'""""........., ... ~ ~ .~, ,......" -', "_. d, "~.~'. ...... ~, lcaStd Premis.s. ,Tho roquirem.nts of !hI. '..Uon may be .nfor..ei by pr.liminary and p.rman.nt, prohibitory ar mandalory injuncUons as w.1I as otherwise provided by law or ordinanc.. Lcss.. h""by Indemnifi.. and ho;, ',.rml." Ih. Lessor .g.insl all claims, C.U'" of ..Uon, liallility Or loss, in.'uding r...on.bI. .ttorncy. tee. .nd COOl on IIle Irial 'nd appellat. I.vel. .rlslng out of a vlo/eUon by the L..... of thIs provision. In th. ev.nt tho l..~. Pre"'"es " localed Wilhln the BoUndarl.. 0( Dadc County, Florlde the Dir..tor 0( tho Envlronm.ntal R..our.e. an, Manaaem.nt of Motropojllan D.d. County, Florid. mey .'.0 .ntor.. th. rcquir.m.n.. ot this provl.ion. "~luS Ih.,1I may PUJ.portlo h""., .ilh.. el tho Um. 0' th. ....ution ot Ihis ,.... . ma.nla/noain any end a" lewlul form. in th. '..nt L..... poss , ..... .ball malntoin such -poral. .tolfls a. aellvo end .urre . author/Uas and In the ,v.nt L..... t8Jlsto m.intain such slalu., lo..or . . ~. . i ~, volunl>rily and inl.nlionally Waive any right th.t any party may h.v. 10 a lrial " Y IUgalion ba..d her.on, a"sing oul of. 0; r.'at.d h.reto, Whefh. . n w!h this I.a.. or any agr..m.nt cont.mplate~ la, be .xecut.d ' " , or .ny .ours. at condUct, .ours. at d.aling, statements (wh.th.r v.rbal or ** SEE lUlIlI!NIxJt . , operal., unaer a"y o/h.r bus/noss torm, oth.r than an Individua' '0'. propri.tor, Lesse.'s authoriZed r.prc. v.'8 ......., - ~,."'. ~. ".. .<,._~.~ - ,.... . .... ..- .... ..,.". ... , '...~I "h.th~r corporate or. Oth.rwi.., i. a duly r.glster.d and bona fide bu.in... form, th.t .....ary filing pf_ docu",onl, have be.n fil.d Wllh all appropriate gov.rnmcntal ag.ne'os, that II. busin. m shall be properly 'na C;' ,.. .".".~ ,,-.... .. ~.. ,..~.. ,....,."" ~. .. ...... . ..... _.~ ..- . .~, g ony ana all r.ntal oblig.lion. th.t are expo.t.d andlor anUcipat'd und.r th s of this I.a.. tor a p.riod Of nOlle$' I> Ih.n tw.'ve month.. Ea.h of L....... .uthatiz.d r'pr.s.ntauv. and through any "g.nt ....U~ng lIli. I.a.e. ( 'Url110r aCknowI.ag. Ihal In th. event the aboVe.staled W es 'hall fail to b. lru. for any r.ason whalsoeve;-. ... LeSSor 'h." b. .nllUed to s... any and .11 rent., ob ons that are nOt ~m.,y fulfill.d by tho L..... from .ach of g. l....... aOlhor/zea r'pr.s.ntauv.s, Whi.h Ihe joinl and s.V.ral obllg.Uon of oach and .v.ry individual thaI I. ... or s....s .s an ag.nt. partner, dlrec ,om.., or oth.rwi.., Whclh.r or not a "parat. and indMdua, P'''onal [, goaranly is ",culed by .a.h a ery ind'vldual. It I. al.o "pre..,y agre.a and und,.rsloOd thaI in tho .v.nt of a ~ b. oach 01 wa".nty, L... .modi.. ag.'nst .ach ana .very authoriz.d r.pr..entallv. so WOtranUng shall in.'ude, 01 bUI shall not b. Ii . ,10, all r.ntal Ol>/'g.Uons, operaUng ""P'nI.s and damag.. .ris/ng ther.from. Mor.ov.r, If !:"', l."e. r.'ls e/i".r tn Lcssor proof or ovldencethalth. above-stated wa"anU.. a", tru. at the Umo at the .igning at c.o. ,"", . '''.. ..,., '.'"-'~'.'-" .....~ '-, -, -.~-..... k "_'" "~.. ~; /1) I r o. ., . ...~ R . r::.~ ~~ 01 ~ g ,.. TH'RTlETH: SUBORDINATION; Le..or and L..... h.reby .gree that this I.... shall b. 'ubj.ct and ,uborainat. 10 any and all mortgag.., de.ds of tru.land oth.r in'lrum.nts In th. nature 0( . mortgag., now or ., ony lime hor.all.r, a Ii.n or lien. Pl...d on tho prop.rty of Which tho I....d pr.mi... are a part and tho l.ss.. sh.lI; Wh.n ro"uesled. prompUy neeut. and doliver ,u.h writt.n in'lrum.nls that shall b. ne..ssary 10 show the subordinohon of thi. I.as. 10 .aid mortg.ges, de.d. of tru.t or SUch olh.r instNm.nts in tho nature of a mortg.g.. ,., o ., THIRTY-FIRST: F/NANCINC AGREEMENTS; L..... .ha" not Olll.r into, ....ut. or d./iver an>,: Ilnanclng ogr..m.nt that can b. .on.id.red e. a priority to any mortgage or d..d of lrusI tha! L'ssor may hav.: p'a.ed, or plac.. in 11>0 Mur., upon th.,....d pr.mi,os.r except LeBBee IllaY enctmDer 1 ts personal , property. . , L ' . ' , I' . " I THIRTY ~ECOND: MECHANIC'S lENS: L..... shall nol p.rm.t any mO.hanl.. '.ns. or $/ml ar, Ii.ns. 10 r."'.in Upo~ th. ".s'd pr.mi... tor labor .nd mat.rial. furnish.d to Le.... or .'./m.d to have b.en: '"rnlShed 10 l.ss.. '11 '~"n'cUon wilh Work 0' .ny chara.l", perform.d or cl.'m.d to hev. b..n p.rform.a at th., O".Chon of l..... .nd .hpll caus* sU.h li.n to b. r.,....d a( re.ord torthwlth without .o.tto ~."or, L.SSor m.y, .t. 115 oplitltl, demand 1t'l)t LU$ec PUI up II P~)'mc"t and/or ~rfor~ance bond 10 prOle.t th. '~t""1 at th. l...sor.; Less.. w.1I ina.mnify',no hol. h.rm'... L'..or from .ny or I cl',m. ari"og au' ot. me.han'. s U.n or SImilar "ens, do. 10 ~ess... Or bonded : "*SEE AIlDIlNIXtl ~ . , . . : 'ubslanha' portion Ih.'.ol is tok'n by eny oond.mnaaon or emin.nt domaIn ,proc"dlng Wh.r. b , . IS I ,end.r.d unlen.ntabl. Ih. P.rti.s h.r.lo shall hav.th. rlghllo canc., U>i. ,.... agr..m.nt uM'r liablilty on Ih. part 01 the l,ssor or ~...e., liow.v.r, L..... shail a..ign to L.ssor the 0 any award or paym.nt on .ceOunl ot any laking by ~ona.mnallon. It theleas.a Prop.rty I. Ie aliy d.str~Y'd or darnag.d as.a r,sull 010 c.,ua'ty. a'sa.t., '0' hazord, Lessor may, at its sol. 0 ,.rminol. this I.... by.glllfng L..... 30 d.ys, wr,".n nolie. 10 Ihi. ."ecl and L...or sh." ha.. no . on to robuild. Except a. oth.fWls. provld.d her.m, thIS I',se ,n." not 'erminale or b. a".et . y manncr, and l..... 'ha" pay th. r.""" provided ror in this I...,., N rwilhslanding an' e contrary .ontained h.r.in, L..... sh.1I b. r.qulr.d to pay aU r.nt and op.rating .;pen,., ' ny pe"od in ~hich th. pr.mi..s are r'n~.rod unt.Mnhohl_. .it"., b."" ......... _.... ___. _, ,'w. .w'_ _, S Il- ., ~, ., [! g 0- ., ~. 1 go ..' .... a. ~. " , THIRTY-FOURTH: LATE CH'IRGES: Le"or shaU have tho righltoeoll.ct on. p.r..nt (1:Ao):f~~: 'O".nl monthly bos. "01 p,r day for .a.h d.y r.nt I. delinqu.nt beyond th.l5tlti.y of th. month. Nly m n y und6!'r thi, hctlon shall be: com:ider.d as llddltfonllll rent. (l, THIRTY.FIFTH; CONTINUOUS-OPERATION; Th. L..... sh.1I .nd must r.m.i;, op.n f, businc.. y.ar roun~ and sholl not .Iose exc.pting on holidays and alt.r ordinary hOIll"l for business. For th. purpo: of Ihis lea,. agr..m.nt, ordi""ry hours of busin... .r. 10;00 AM to 9;00 PM. EST. For th. purpo.. of .'arifo.allo. L..... sh.1I not go: dark during th. lerm of 111. I.a.. or any .xtenslon th.reof. In th. ev.nt of dosing. L'..or ~ p"min.d 10 r..aptur. the lu..d pr.mll."po",,, all .qulpm.nl and InId. nxtur.1 OlO:Iuding th. inv.ntory ar l/l ,'or.. and L..... will bo r.qulr'd 10 P.y.1I outstanding monl.. due for r.nt .nd exp.n..s for th. r.malnlng term. the IClue agreement: o THIRTY.SIXTH; LEASEHOLD IMPROVEMENTS: Th. l..... sh.1I at th. expiration or ollie tormination of this l.... Agreement r.mov. all l.s...'. goods and .N.els from tho I.as.d pr.ml.... (Includi~! wllhoul h.r.by limiting to th. g.n.ralily th. foregoing, all "gns and utt.ring aff".d or painled by th. l.'.ee. .ltH., Insid. or oUI,ido th. I.a..d pr.mi..s). l....... right to r.move any p.rsonal property from th. I.as.d pr.mius oj, eondlVon.d upon L....... full and complet. di.charge or any and all obligations und.r thi. I.... agr..m.nl. In th. .v.nl any obligallon$ are due and owing to l...or atth. tlm. l..... s..ks to IIllcale th. pr.mis.s. ~.ss... shall laL. no ilcllon '0 '.move .ny or the porson.'ty 10C.I.d on. in or attach.d 10 thc I..s.d promises, and L...or sh.11 b. <n'itled 10 .'.<<is. il'y ilnd all rights as .ilh.r "cured cr.dilor or L'..or .galnsl such prop.rty in ord.r It> satisfy all .ucI> O""g.t,on" L..... .1.0 agrul 10 r.pair any damage cau..d to Ihe L.a..d Pr.mis.s by the r.moval of L......, P."on81 good. .nd err..ts. Anything .ttached to th. property in.'uding anything .Ilach.d to th. ..i1ings, W.II, .;,d 1100" (,ncludlng .ny carp.ting) will r.main th. property of tho L."or .nd ,h.1I not b. ..mov.d from 111. premlS.. by IhC' LCHC~. *upe n the temination date of the Lease. THIRTY.SEVENTH: RETURN OF PREMISES: Le..ee sh.1I deliv.r to the l.ssor the l....d Pr.mi.es, all k.ys, locks thoreto. .nd olhllt fixtur., connect.d th.rewith and .11 alterations and additions made to 0, upon'lho 'ca..d pr.",i..s, In good condlllon. damage by fir. or other ca.ualty only excepled. In th. .v.nt 0' tho L.ssee', failu,. fa rernov. .ny 0' L.....'. property from the pr.ml'.t, l...or I. h.r.by authorized without liabliity to l..... '0' loss or d.mag. th.r.to, .nd alth. .010 ri'k .nd co.,o' l...... to remove and store .ny of th. prop.rty,., Le....'s exp.nse. or to r.I./P som. und.r L...or's control or to '.11 at public or private '.'0, without notic., any 0' ull of thc prop.rty nOI so r.mov.d and to .pply th. net proceeds of 'U.h sal. to th. paym.nt or any sum due h.reund.r L.ssor. at lis solo option, may require l...ee. .tle...e'. .ole cost and exp.ns., to pI.c. the l....d Premis.. back 10 lhe onginal c:onditic'ln as delivered to Lessee at the inception of this lease. 'THIRTY-EIGHTH: MODIFICATION; This I.a.. cont.ins the enlir. .gi..ment b.tw..n the p.rli~s her.lo .nd .11 prior n.golla/lon.. Th. term, of this I...e may only be modin.d by .,:,ubs.quent writt.n agr..m,nl Slgn.d and ,..I.d by both Les,or and l....e. Th. partie. to this lea.. agr.e that the I.rms 0' thl. lea.e shall not b' more 'trielly comtru.d against lessor, or mar. favorably for L....., nOlwith'landing Lessor'. pr.s.nlation of Illi. lease, **three (3) THIRTY-NINTH: NOTICE OF TERMINATION;. L..... .gr.e, to noUty Le..or In writing by certifi.d moii. r.turn roc.ipt requ.lt.d. atl..st ~Iull cal.ndar months Prlor 10 th. ""plraUon 0' th. term 01 lI>ts f..,. of ii, intonlion 10 v..ot. th. pr.mi..s on th. I.... t.rm/n.llon d..., In th. .venlthat th. !.e.... raiis to g;~e ,uch notic., th.n .nd In that .v.nt. .t Le"ofs opllon, thIs L.... .hall b. .utomatically oontinued .nd .xt.nd,.d pursv.nt 10 th. l.rms oonlain.d In Ih. bal. I.as. agr..m.nl In th. evenl th. b... I.... .grumenl contains no option provi.lons, thon Ih. I.... agro.m.nl will be .xt.nd.d automatically. .t L.ssofs .ole option , for on. !ull caJend~, year. FORTIETH; RULes AND REGULA nOHS: l.sl.r ......... tho right I. promulgate, and L..... h.reby og'e.sl. Comply wilh,the Rulf15 Ind Ragulalions lar the premisel, shopping center &rid Common A.reas including bl.t not limited to; .J l.ssoe shoU maintain. ..palr.nd repla.., 1>l1.,..,.,. nocoaary, the air o""lJooIng Iy:il.m. and/or he.Ung 'YS"m~ "''',ct> ..''''''.th./....d pi.mf,es: and e"he ond 01 the 'ea.e to"". shall..store ..id s)<lam.lo Iha~ present .onditi.n. re.son.ble U.e ond wear ell.'tcPlel:l b} lessee will be- re-sponsible ror th~ immediate rcrplac:emenr: of its plata glass windows shoLJld said Mndows become da,maged Of ctack~. cj L..... is e'pressly prohiblled from placing, orectjl'4/, or main/ainil'4/ .ny .Ign, Ielle~, or Id'.vrtlstng d..,;.es on, In: or JOoullhe windows 0( QClO($ 01 the leased premises. , d) l.ossee ahall nol: conduct an)' luctlon, tin:. banhnJptoy, ,oJrIn!].out, or cJoalng~ salo on or .bout tholclUed prl;lmlSl;'~ , 0) lcsi-.cc, its cmpJo)'"s, 01' a"ents s~ll.nol mark. P.lnt. drllJ or in anYWllyd.rac..nY'l\ella, ceUlnQa, Plrt.lone, r1GOtS: 0' ;ro/lvlQfk WIthout l.ssor's'writtcn consont. f) Le'$~' ~Il net in5t~1l any .qutpment........lch I"nd$ Ul. Cllpac/ty or the utllly Una. I....dlng Inca tho te...d pr.m",. .r Ihe building of YAlich the loascd' premis" consUM.. . portion. . h It' Lo"or 1'tI~ write" notice of any leddett, tint or d8rm.QO ~lM'nnQ 01'1 01 fO rh_ louC'd g) LO~50' a. Q 91w ,........... PtCnll'.', or 0 Landlotd .pp,....., well. """,pony ror -,: :='h ::~~on~:'.;";~:i~ ':':l~": h) Loss" sh.U only enlist the teNees rty Lenee will parCic:lpat. with th. u~. ~"'Lan411:1I:S rcql.llrvmonh, L..... Will !. I<<tod to utilize on. (". J comP.~tOf'c~itC::~ ~:::Irk.t area. II leU,. doo' nClt camp y ~~:""~"g Gomp.ny ". '" I,n. ~~~ .r o...",,"g in o.ch in&tanG. 1110 be.n d.'.v' 0' ,ts".,. ,g,..m . '0 o(hor similor d._ sheil b. insta.~ = ~.e., or on th. g'oun",o'::"~ I) No r~4io, 1..lcvision, ~~el~~::~.lIrbe .rlctld on th~ roof o~ c:.~= ':'out ~dl ~n con$cnt may btI rom It:lo~ot',. con~enlln wntlng. N~ 3:~1~:~ 1~~'Le:sot', Any lerial or satellle dish ~Q ma ~'G::~~ ;~~'~;~i~~h:h;;:~~:' ~h.' no< b. li.bi. tor luch '::~:, .ny dher purpose thin thaI lor WIlI:~ lh:Yr:~::~&t:.~~'":!io~ ';;f~~ I) The! plumbt~a~I::r~~:: e.p.n'Q6 01 ony ~~=:' :i~:r::~:: :~od ~me. .ubsl.nee 01 .ny kind ,""'I be pc """ shan or ;",.... empla)""" Igem 01"" N'" .... ",ovl.".n".."" t. PrO'll~IOn !.hall be bomc by \.c5s~e~ , . \ suspend, amenc1 01 SUPP\ltl~t~t~~~~1> U,hO ",mof\dm",nt'.lllnd . h\fromtime\ouml o. Nciil;aof:;.uchN."~n Les,t>Q{ 1f~~ef'o1!'S \hi: f\:~..bIC \0 the leased Prollll&t:... , ddl\lonal ful!.!!'> and IcglJl4\IUnS "''''P r) i1doP. :) ill ,.,', '1'.11I'1; II:. 1I1\"'UII,I, I' :lny, ~h;lll bo giwn 10 the LQ.... lC$$" ;;agrees tQ camply Ylih 1ft add~icnaI ancf $upplemcntall'\lllllll end regul"lions "1.,,1, 11....._., 1.1 :,:111\1,' 11~1II1.c.::,:.<:l{_ If imy proVl:iton of this "'-$Q 5hoaU be declared lnwlid or ununror~..ble. the remolndur or thts loaso shrill ( ',."lImA' III ;1111 'UIl;U an'" ell':I:1 FORTY.FIRST: ACCELERATION CLAUSE: In addition 10 all other rights granted l1> Lessor in lhl~ Ic;)!.c i.inc;J not as a Iimit.ation of said rights, in the event of a termination of this Icase as a re,!Sult of a default by lessee. Los>or sholl nove the right and opllon to accelerate all renlal due h.r.under. In the event of a detaull, all right. and (ClllcdIC::; JvaiJable 10 Lessor shall be cumUlative and non.excluslve, FORTY-SECOND: RADON GAS: Radon is a naturally occurring radioactive gas that, when it has ;"cumulated in a building in .urticient quantities, may present health risks to per.ons Who are exposed to it Over Ume. Level, 01 r.don that cxceed tederal and .late guidelin.s have been found in buildings In Aorida. Additionai informall,!n re9.rcl109 rodon .nd -odon le.ting may be obtaln.d rrom your county public h.allll unil Pursuant to ~404.056(8~, f-=lorlcJa Zt<Jlulcs, FORTY-THIRD: INDEPENDENT COVENANT: Each and .very rental oblig.tion Le..e. is obligated :or under Ihe terms. or this Icase agrecment shilll be dct:med to be Independent caveno.vttS' to lessor and thaI! remain tlHlcpcruiL'nl Covcn'lnl$ notwiUl$tanding any ather Obligation Lessor may have to les~cc under the lease agreemenl FORTY-FOURTH: CLEANLINESS: Tenant shall maintain its show Window. in a n.at and clean '-ond/hon .:md shall keep sidewalks adjolnin" the demised premises clean and freo from rUbbish. anq shall store aul It."h ond garbage within the dcmis.d premises and shall arrange forth. regular pick up of ltash and garbage, Ten';', ,h," nol burn any Ira.h ot any kind In or about the building, nor shall Tenant permit rubbi.h, refuse, or garbage to .:lCCUl11uliJlc or fire ha;cards to exist at the demised premises. Tenant shall pay the cost ot removal ot any of Tenant's ~,ub....gc. rcrusc and rubbish, FORTY -FIFTH: DELIVERIES: All loading of goods and deliverIes of good. shall be done only at 'ueh lilllCS, in the a,.os, and through lIi. entranc.s, designated tor such purposes by th. Les.or. Th. d.livery ,or ,hipping of merchandi.e, supplie. and tixtures to and from the leas.d Premises shall be subj<et to SUch rule. and le~uIJlion' a, in Ihe Judgment of Ihe l.ssor are necessary for the proper operation of the leased Premi.e, or the ~hoPPlng Cenler. All delive"es mU.1 be mad. betore 10:00 AM, EST, unle.s prior "'Tltlen con.ent is obtained trom the Lesoor Tratler. Of truck. .hall not be p.rmitled to remain parked overnight in any ar.a ot U,e Shopping Center, ,..,f)cthcr 10.3cJed. unloaded or partially louded or unloaded, FORTY.SIXTH: DISPLAY RESTRICTIONS: The l.ssee will display and main lain the leased poellllSC' in 0 firsl class manner at 011 times, Th. lessee can not display any Items or merchandi.e outside the leased j)rt'nmc:;. Inell/ding UlC front door and the sidewalk of any 'ommon area, A viola lion of this clause by another Tenant 10COleo "t the shopping cenlcr ot whicn the/.ased premises are a part. whether with or \\'iu,out the moV/ledge andlor con~cnl ~Ir Ihc LC~$o" docs not permit the Lessee to have the ,ame violation. * which carmot be unreasonably withheld. FO(<TY.Sr::VENTH: SIGNAGe: Lessee is responsible (or installing his own signagc. lessee 5hall /llOfllpUy ...,cc.:I;J ~iiln Within Ihe area dc'igl1atcct by the Lcssor. which sign shall be sLJbJcc~ to the prIor written approval "r Le"or* le"ee must use the samc size letters, same sly/e, color and sy.tem so lI1at the sign eonforms with Ihe ulho, "9rlS i" U'e .hopping cenler 01 which the I...ed premises ar. a part Le..e. must utilize the tour Inch (4') 'el"uv"~le "CCCSS pancllo moke lhe el.ctrical hook up. The L.ssee Covenants lI1at h. wilt keep both signs, tne sign unucr the ciJnop>' ana the Sign over the canopy~ lit seVen days a Week from one hour before :iun:;ct until 2:00 AM. lc:.~cc ru"'lt::r coveno:Jnls thai any sign shall be maintained in good condition and repair at aU times. FORTY.E/GHTH: PARKING: L.sse., store own.rs, store managers, and all other store emplo)'~es l11u,1 park in lhe r,orparking 101 only as specified ~y lessor. Front parking lots may only be used by patrons and CUSIOOlC/S :hJt <Joy brcJch of 'any conditions or tern,lS y 0 IS employees or agents FIFTIETH: OPTION TO RENEW: Conting.nt upon l.....'s tull compliance with all t.rms 01 this le";,r, oncl Lc!\Sc~'s non detaull h.r~u"d.r, '/t'51or hereby gives and grants to L.ssee the tighl to extend hi, le~se (01 onc (1) succ;c;uive ), ve Year options from the dato-of the expiration of the initial te(111 The uption 10 e.:end lh.. Icase tor ony form may only be exercised ror thelmm.ctIately succeeding lerm. , rile Qplion to renew will be Dl/tomatic;:ally extended for Ule full term of the option period unless L""co, yovc' I"ju, ~"lten nutic. to Lessor, via Certified mail, return receipt requosted, not Ie.. than three (3) lull c.I,meu;J( IlIOnlh5 I)(if"l( 10 the expiration 01 the base least: term of tI1eir intent to terminate the lease agreement. If le!!ec " "' <JctouH of. tne Icase agreom.nt at tho Urn. ot th. r.newal p.rlod, at LaOlOr'. opUan, th. I.... may b. Icrnun4Jkd forthwith by Lessor, AJI of tOe term$ covenants and conditions of thIs leaso. ahaJJ b., applicable tor ~ny I cncwdl pc.:.iods with the SpdCirlC undcrs~ndlng that the monthly base rent during the opUon periods will be lncrcaucl <JnnVOIlly lJy Five (S%) ovcr the prior year$ base rent. If there are no addItional optJons contaIned In the lease ~y'eC:lllcnt , the lease will be enended automatically ror a orye (1) year period, unless Lenor has provided three 1(3) nlonth~ prior wril~ cn'notice to lessce of their intent to terminate the lease agreement and request and request U1a! tenant VOlcalc. FIFTY-FIRST: USE OF ADDITIONAL AREAS: The u.. and occupation 0' Ule Leased Premises shall inclUde Ule non-c'x.clusive use, in common with ethers entitted thereto, of the common areas, employees' parJdng arca~. ~CrvlCe roa"':;, i.lalls. loading facilities, sidewalks and ~ustgmer car par~ng areas a.s ,such common areas new c:(I!.1 or .1::, !oueh common iJreas may hereafter be con~tNcted. and other f3c:Illtles as may be dl::olgnated from tjme to tlrllC lJy thc lessor, suhjecl however to the terms and conditions of thi$ agreement and the lease ilgrc:cment and to Ulc rujc~ ~ntl rl;:gulatlons for the use thereof as prescribed from time t~ tlme by 1hc Lessor. N~~ithstandin9 the forQ~cin9, the LeBor. al hi~ Ol.llion. reserVes the right to relocate lessee Into another s~acQ of :ilmdar s.quare footage In ,U\l:! :'hopl.llng Ccnle(, The lessee: shall be advised of said relocation ~n Clr bL:1o:rc Sixty (GO) days pnor to s:d~ .rc:loc.O;IUon. In the ~vcnt Ihe Lc:.sec ~h~1I not agree to the relocation as prOVided herein, at Less.or'$ opliof'l. thl$ h:a:u: Shi:lll.. be c,mc.clcd ~ncJ of no lurther force Qr effeet and lhe'Le55or shall not be lJablt.: lo Le:;sec lor any gamages of any .::nd v/h;Jls.ocvcr 6 , FIFTY -SECOND: TENJ\NT IMPROVEMENTS: A. p.rt .nd parcello thi. I.... agr..m.ot l'f' is acccplioO lh. I....d pr.ml.c. In ....1.. c,,"dlVon and agr... to compl.ta .11 work noc....ry '0 ord.r to op.o t leased premi$f:s tor business on O( before Ja.nuary 1, 199'8 All work In th. I....d pr.mi... will be parformed by a Iic.".ad illanetal COnnetor und.r Ii o~/d.'io.s of lho 'pplic.bl. building cOda.. L..... .gro.. to work dl/ig.nliy to open tha laa..d pramlses for bu.'~,: .od th.1 "tim. i. 01 tho ...."".' In complatino all ""'rk .nd rocalving all approv.'s, In thie evenl L..... I. not op.n f. huSlOOSS by th. .bov. ral.ranc.d d.ta for any "..on "'hatso.var, except L.uo,.s willful .ct of neOlig.nco, L.ss. .hallle01it a I.t. 1.0 of $50/d.y to L...or ill addition to .11 requlrod p.ym.nts due und.r th. I.... .gre.monl. ! FIFTY -THIRD: FORCE MAJEURE: In .ny c.se wh.re either p.rty hereto is required to do .nyl.c dol.ys caused by or rcsulting Irom act. of God, war, civil commolion, firo or other c"Ually, labor dilficUI~.. 'ho.l.~o. 0' labor m.teri.ls or equipment, OOll'roment., "gulation., other c.U.es b.yond Such p.rty's ".Sonabl, conlrel .holl 001 b. couot.d in d.termlnlng the time during Which SUch acl -h.1l b. compl.ted. ' FIFTY-FOUR: USE OF ADDlTJONAL AREAS: The use and OCcupation of Ihe Leased Premj~e~ sholl include Ihe non-exclusive use, In common \\ith others enlil/ad therelo. of Ihe Common. area., "mployees' parking areos, seNlce roads, mails, loading tacllilies, sidew.Jlks and Customer car parking ar,.as ~s 'UCll common arellS now exisl or as SlJCh common areas may hereafter be constructed, and o(her lac,lilies as may be designaled Irom time 10 time by the Lessor, subject however to Ihe tenns end conditi'ms of Ihls agreemenl and Ihe lease agreement and 10 Ihe rules and regulations tor the Use thereot as prescribed (rom lime to lime by the Lessor, NOI\\ilhstanding the foregoing, the Lessor, at hLs option, reserves Ihe r/;)b.L 10 feloCale lessee inlo another space of similar square tootage in the Shopping Center. The LesseeA'l1ail be advised of said relocolion on or before sixty (50) days prior to said relocation. In the event Ihe Lessee Shall 001 agree 10 the relocation as provided herein, al Lesso,.s oplion, this lease shall be canceled and of no lurther force or elfecl and Ihe Lessor shall not be liable 10 Lessee tor any damages Of any 1i;nd vAlalsoever. FIFTY FIVE: CONTROL OF COMMON AREAs BY lESSOR: All areas \\ithin the exterior boundal;.s of the Shopping Cenler v./liCh are now or hereatter held tor lellSa or occupation by Lessor or used by other pef"5ons entilled to occupy floor space In the Shopping Center, including, \\ithout limiting Ihe generalily 01 the loregoing, all automobile parking areas, driveways, entrances and exits Ihereto, employee pori<ing areas, Ihe truck way Or ways, loading docks, package piCk.up slations, pedestrian sidewalks and ramp.. londscaped areas, relaining walls, exterior slairways, first aid slations, comfort stations, bus stops, opened and enclosed courts and malls and other areas and improvemenls provided by Lessor In or near Ihe ShoppillU Cenler for Ihe general use, in common, by tenants, Iheir Officers. agenls, employees and CU.lorners (herein coiled "Common Areas'? shall at all times be SUbject to the exclusive conlrol and ""'Il~!ICmolll 01 Leosor, and Lessor shall have the <lg~I. \>'1 ""lllle obligalion. to construct, maintain and oper;1I0 "UII/ing facililies on all said areas and Improvements, from lime to lime to Change the area, leoJel, local/on WId ananoelllenl of parking areas and olher facllities herein above (Bferred to; . . lenolllS. their Orricars, agents and employees to employee parki ar r ng charges (by OPCfOl.oll of melers or olheMise), \\it ' ns or Iree par1c/ng tiCket validating, or in lieu 1I1Oreol, to S rom such ch~r~es. arter deduclion of co.sts applicable IherelO, to Ihe 1 g ! g , , Lessor shnll have the rightlo close all or any portion ot the Common Areas; 10 close tempotarily all Or any POrtion of Ihe parking areas or (acllilies; to diScourage non~slomer Par1<ing; and 10 do and perform s4ch other ocls ill and 10 said areas and improvements as the Lessor shall determine to be advisable \\ith a view 10 Ihe improvement of Ihe convenience and use thereof by tenants, their offlcers, agenls, employees and eus/ome(s. Lessor shall have the full right and aUlhorily to employ all pef"50nnel and 10 make all rules and ("gulnl/ons pertaining 10 the proper operal/on and maintenance ot the Common Areas. FIFTY SIX: CHANGES TO SHOPPING CENTER AND COMMON AREA: Lessor hereby reserves Ihe nghl, 01 any lime, 10 perform mainlenance operations and 10 make repairs, allerallons. or additions 10, and 10 build additional slories on, the building In Wlieh tha premises are contained, and 10 build adjoining the .nOlc, LeSSor olso reseNOS the right to construcl olher buildings or improvements; inclUding: bUI nOlllmlt~d fo; SIIuc/lIres for molor vehicle parking, The Leu.. allroes to COoperala \\ith the LeSsor, permttl/ng th L"",...... I" "Ccompli.h 'Jny SUch 1lI3intenance, repairs, alteralions, addilions or constl\Jcllon. Th. purpose bl 'ho .i'o plnn a!lachelll.crele as Exllibll A is 10 show the approximate locallon Olrer Iho Leased Pramls"s. Tile L"".or rcserv.s. Il1e righi, al nny lime, to ndd to or reduce or to retocate the various bUildin"", oulomol),le P"rkinO arc"., ond oll1er common areos as sho,," on the site plan, Ii ~ .... rT rT o ~. rT .. i .. rT FIFTY eiGHT: LETTERS AND MARKS IN ADVERTISING: LeSSee ailree" 10 Use in lis advertisIng ""d promotion,,' aCliv.llles lor Its bu.iness In the Leased Premises Such reterellees to the name of the Shopping Cenler and such identifying Jetterinil, marks, or symbol. retening to the Shopping Center ,1$ Leosor sholl specify from time 10 lime. Lessee shall Inelud,a t~e name ot the ShOPPIng Cenler and its oddress for Ihe Leased Premises and shall subscribe 10 an listing In the Yellow Pages of tha local telephone direclor \\4,icl1 shnll be prinled in bold type. f ., "," 8 .... III ~' rT 7 .. ,... IN WITNESS WHEREOF, the parties hereto have hereunto executed this Instrul11ent for ihe purpose herein expressed, the' day and year above written. : Signed, sealed and delivered in the presence of: R.K. ASSOCIATES BY: As 10 lessor Lessor City of Sunny Isles Beach BY: As to Lessee Lessee Honorable David Samson, Mayor BY: As to Lessee Lessee As to Lessee Lessee Auqust_____. 1997 A TOTAL P.12 RECEPI'ION OK TX/RX NO CONNECT I ON TEL SUBADDRESS CONNECT I ON lD ST. TIllE USAGE T PGS. RESULT *-.,. ................ ... RX REPORT ... ......... ........... * 6584 1 305 931 2542 08/11 10: 22 09' 21 12 OK CHANGES SUGGESTED BY CITY A'ITORNEY ADDENDUM TO BUSINESS LEASE THIS ADDENDUM ("Addendum") forms a part of the lease ("Lease") dated September I, 1997 between RK Associates, hereinafter called the "Lessor", party of the first pan, and City of Sunny Isles Beach, hereinafter called the "Lessee", party of the second pan. WIT N E SSE T H: To the extent the terms of this Addendum conflict with those contained in the Lease, the terms of this Addendum shall controL The terms of the Lease which are not modified by the terms of this Addendum shall remain the same and in effect. As an inducement for Lessee to accept 17070 Collins Avenue, Suite 250-252, hereunder the "leased premises as a City Hall" for the City of Sunny Isles Beach, which shall include its municipal offices, police headquaners, meeting rooms, public hall, and related municipal functions for the City, Lessor grants Lessee rent concessions as follows: I. Monthlv Rent! Rent Abatement. a, It is understood and agreed between the panies the no rent shall be due, and any rent that would otherwise be due shall be abated, until, and not to begin before, the thineenth (13th) month of this Lease. b. Schedule of Rent Concession: Lease Period Monthlv Rent Annual Rate Per Square Foot of Rentable Area Actual Monthlv Rent Months 1-12 Base Rent -$17,000 Discount ($12,833,34) $4.16 -0- 13 -60 $4.16 $4,166.60 c. During the calendar year 1999, at the sole discretion of the Mayor and the City Council, the base rent in the lease will be reviewed once again. If the city's budget provides for an increase in the rent, Lessor and Lessee will agree on adequate terms for a modification to the terms contained in this Lease Agreement, d. As an additional concession, Lessee's ponion of operating expenses MIAMl;F;\DOCS\LMD\RE\64102.1 ;S/131fJ7 (11;09am) pursuant to Clause 23 of the Base Lease Agreement will be abated and deemed to be included in the above-referenced rent payments, Also, since the city is a municipality, tax exempt status will apply. 2. Delivery of Leased Premises: Lessee is accepting the leased premises in as-is condition, except as otherwise set forth in the Lease, Lessee will undertake all work necessary in order to open the leased premises for business, including receipt of a Certificate of Use and Occupancy, and all zoning approvals and licenses, 3. Additional Access, At any time during the lease agreement, in the event the tenants occupying the space in front of the passenger elevators to the leased premises vacate, Lessor. with Lessee's written consent, may construct a handicap accessible elevator, etc. 4. Elevatorl ADA ReQuirement. Lessor agrees, at Lessor's sole cost and expense, to modify the existing shopping center elevators, if necessary, so that it meets all ADA requirements relating to access to elevators and acknowledges that Lessor may construct a handicapped-accessible hallway pursuant to paragraph 3 heretofore. However, that shall in no way affect Lessor's obligation to meet all the ADA requirements relating to access to elevators. After completing the original work necessary for Lessee to occupy the premises at lease commencement, Lessor agrees to make any future changes or improvements to the Leased Premises that may be mandated by applicable laws, ordinances, orders and regulations of federal, state. county or municipal authority now or hereafter in effect. Said changes or improvements shall be made by Lessor only when specifically required of Lessor by such authority or to the extent that Lessor's failure to make the improvements or changes prevent Lessee from operating in the premises. To the extent the existing conditions are "grandfathered in" and changes are not mandated on an immediate basis, Lessor may delay such work. Lessor shall make any ADA-related modifications in the first twelve (12) months of the Lease. 5. Access to Public, Lessor understands and agrees that the City of Sunny Isles Beach shall have meetings of the Commission and/or other boards that are publicly attended and Lessor agrees there shall be access to the public at all times expressly to hold public meetings as well as during normal business hours, 6. ODtion to Renew. The fiftieth (50th) paragraph of the base lease is hereby deleted and substituted with the following paragraph: Provided that the Lessee is not in default of any terms and conditions of this Lease at the time the option term is scheduled to commence, and commencing September I, 2003, then Lessee shall have the option to be exercised by written notice to Lessor at least three (3) months prior to the expiration of the original term of this Lease to renew this Lease for one (I) additional five (5) year term under all the terms and conditions provided in the original lease and the addenda attached thereto. Notwithstanding the foregoing, however, the monthly rent payable during the option period shall MIAMI :F:\DOCS\LMD\RE\64702.1 :8113197(11 :09Im) 2 be increased annually by five percent (5%) over the prior year's base rent. If there are no additional options contained in the Lease Agreement, the Lease shall be extended automatically for a one (I) year period unless Lessor has provided three (3) months' prior written notice to Lessee of their inlent to terminate the Lease and request that Lessee vacate. 7. Peaceful Eniovment. Lessee shall, and may peaceable have, hold and enjoy the Demised Premises subject to the tenns hereof and provided that Lessee pays the rental herein recited and performs all the covenants and agreements contained herein. Lessor represents that there are no uses of the shopping center which would adversely affect Lessee's quiet enjoyment of the Premises, and no condition exists which would interfere with Lessee's intent of the Premises. 8. Reoairs and Maintenance. Landlord shall keep the foundation, the outer walls, and roof of the building in which the premises are located, and the common areas of the shopping center's paving, electrical, mechanical, plumbing systems in good repair. Landlord will also maintain all elevators in good working order, and Landlord shall maintain the common areas at all times in good order, condition, and repair, Lessor represents to Lessee that the premises are in compliance with all federal, state and local laws. 9. ~. Landlord agrees to carry and maintain throughout the terms of the lease (I) commercial and general liability insurance naming tenant as an additional insured providing coverage of not less than $5,000,000.00, and combined bodily injury and property damage liability; and (2) "All Risk" Property Insurance covering fire and extended coverage, vandalism and malicious mischievous, sprinkler leakage, and all other perils of direct physical loss or damage insuring the building in which the premises lie. Upon written request by Lessee, Lessor shall promptly deliver to Lessee certificates of such insurance. Such insurance shall require Lessor's insurance carrier to notify Lessee at least fifteen (15) days in advance of the cancellation of a policy. 10. Eminent Domain. If the whole of the Premises shall be taken by any public authority under the power of eminent domain, then at the time of taking the term of this lease shall cease, and the rent due shall be paid up to that day. If any part of the premises or the common area of the shopping center shall be taken, and if such taking materially and adversely effects Lessee's use of the Premises, then the term of this lease shall cease and the rent due shall be paid up to that date. If such partial taking is not extensive enough to render the premises unsuitable for business of Lessee, then this lease shall continue in effect except that the minimum rent shall be reduced in the same proportion that the floor area of the premises taken bears to the original floor area demised. If this Lease is not terminated pursuant to this paragraph, Lessor shall, upon receipt of the condemnation award, make all necessary repairs or alterations to the building in which the premises are located so as to constitute the portion of the building not taken a complete architectural unit. Lessor shall not be required to spend for such work an amount in excess of the amount received by Lessor as damages for the part of the MIAMI:F:\DOCS\LMD\RE\64702.1 :8I1J191 () 1 :09am) 3 premises so taken. "Amount received by Lessor" shall mean that pan of the condemnation award . which is free and clear to Lessor of any collection of mongages for the value of the diminished fee. If more than thiny percent (30%) of the floor area of the building in which the premises are located shall be laken, Lessor may, terminate this lease upon ninety (90) days written notice to Lessee. All damages awarded for such laking shall belong to value to the leasehold or to the fee of the premises; provided, however, that Lessor shall not be entitled to any portion of the award made to Lessee for cost of removal of stock and fixtures. II. Destruction or Damage. If the premises shall be damaged by fire.the elements or other casualty not due to Lessee's negligence but are not rendered untenantable in whole or in part, and such damage does not result in a disruption of Lessee's operation for more than thirty (30) days, Lessor shall within a reasonable time and its own expense commence to cause such damage to be repaired and the rent shall be abated. If by reason of such occurrence, the premises shall be rendered untenantable in whole or in pan, Lessor may, at its option, and at its own expense, cause the damage to be repaired and the minimum rent shall be abated. In the event Lessor repairs the premises, Lessor and Lessee shall have the same respective obligations to construct or install improvements as were imposed on said parties at the execution of this Lease. Lessee shall, at its sole expense, replace its stock in trade, fixtures, furniture, and equipment. However, Lessor shall have the right, to be exercised by notice to Lessee in writing within sixty (60) days of the occurrence of the casualty, to elect not to reconstruct the damaged premises if the premises are rendered untenantable in whole or in pan, and in such event this lease and the tenancy created shall cease as of the date of the occurrence causing the damage, and the minimum rent to be adjusted as of such date, In the event that thiny percent (30%) or more of the rentable area of the Shopping Center shall be damaged or destroyed by fire or other cause, notwithstanding any other provision contained herein and that the premises may be unaffected by such fire or other cause, Lessor shall have the right, to be exercised by notice in writing to Lessee within sixty (60) days of said occurrence, to elect to cancel and terminate this Lease. Upon the giving of such notice to Lessee, the term of this Lease shall expire by lapse of time upon the third day after such notice is given, and rent shall be adjusted as of such date. If the premises are destroyed or damaged during the last eighteen (38) months of the term of the Lease (initial or as extended) and the estimated cost of repair exceeds ten percent (10 %) of the minimum base rent then remaining to be paid by Lessee for the balance of the lease term, Lessor may, at its option. cancel and terminate this Lease as of the date of occurrence of such damage by giving written notice to Lessee of its election to do so within thiny (30) days of the date of occurrence of such damage, and rent shall be adjusted as of such date. Notwithstanding the aforementioned, if the Premises are destroyed or damaged during the last six (6) months of the term of this Lease, either Lessor or Lessee may terminate the Lease by giving the other written notice of its election to do so within thirty (30) days of the occurrence of such damage, and rent shall be adjusted as of such date. For purposes of this section of the lease, a Florida licensed architect designated by Lessor MIAMI:F:\OOCS\lMD\RE\64102.1 :8113/91(11 :09am) 4 shall detennine the extent of the damage or destruction and will provide Lessor and Lessee wilh certificates allesting to the condition of the demised premises or building in which the demised premises are situated. The architect's certificate shall bind the parties as to: (a) whether or not all or a portion of the demised premises or building in which the demised premises are situated are rendered untenantable and the extent of untenantability; and (b) the date the demised premises or building became untenantable, the date they will regain tenantability, and the dale they regained tenantability. 12. AuthorilV to Execute, Lessee covenants and warrants to Lessor that (i) Lessee is a duly authorized existing corporation, (ii) Lessee is qualified to do business in the State of Florida, (iii) Lessee has the full right and authority to enter into this lease, (iv) each of the persons executing this lease on behalf of Lessee is authorized to do so; and (v) Ihis lease constitules a valid and legally binding obligation of Lessee enforceable in accordance with its tenns. 13. Subordination. Lessor and Lessee hereby agree that this Lease shall be subject and subordinate to any and all mortgages, deeds of trust, and other instruments in the nature of a mortgage. now and at any time hereafter, a lien or liens placed on the property of which the Premises are a part, and provided Lessor delivers nondisturbance agreements set forth hereinbelow, the Lessee shall, when requested, promptly execute and deliver such wrinen agreements that shall be necessary to show the subordination of this Lease to said mortgages, deeds of trust, or such other instruments in the nature of a mortgage. Provided, however, it is a condition to such subordination that lessor obtain and deliver to Lessee a wrinen nondisturbance agreement, so long as Lessee is not in default of the tenns and conditions of this Lease, guarantying Lessee peaceable possession to the premises and its rights hereunder, will not be disturbed, Lessor and Lessee have executed the Addendum on the above stated date. Witness: LESSOR: RK ASSOCIATES BY: LESSEE: CITY OF SUNNY ISLES BEACH BY: MIAMI:F:\OOCS\LMO\RE\64702.1 :811]/97 (II :09am) 5 Business Lease THIS AGREEMENT, entered into thjs~day of August 1'997 between R. K. ASSOCIATES, hereinafter called the lessor, party of the first: of Sunny Isles Beach p;Jrl. Ci ty and of the County of DADE and State of FLORIDA hereinafter called the Lessee I or T cnanl, party of lhe second par!: WITNESSETH. That the said Lessor does this day Jease unto said Lessee ;jncl s::lid Lessee does hereby hire and take as Tenant under said Lessor Space ' No, 17070 Collins Avenue, Suite 250,251,252; Sunny Zsles Beach, Fl. Situate In DADE COUNTY, STATE OF FLORIDA, for the term of , 'i-<f'f" t beginningthe~day of ~ I 1997, : Six (6) Years aneJ cnding the 31 st day of August at and for the agreed rental, payable as follows: IN ADVANCE ON THE FIRST DAY OF EACH AND WITHOUT D.EMAND, DEDUCTION OR SETOFF AT; Seventeen ThOusand dnll~r~ ($17.000.00) PER MONTH; EQUALING Two Hundred Four Thousand Dollars !lASE RENT ,19 2003 I o<lD I . ......./.1 EVERY MONTH.'. BASE RENT I" , ($ 204, l}..'WN8~l ;1"" I And ::lddilional rent as hereinafter set forth in thIs lease; plus aI/taXes in the nature of sales, : '''''" or ","liar laxes now or hereafter assessed or levied by any taxing authority upon the payment of fi>:ed I renl or "OUllional ren! as hereinafter defined. , COMMENCING JANUARY 1, . 2004 AND ON EACH SUBSEQUENT' JANUARY 1 OF THE ORIGINAL LEASE TERM AN'DALL OPTION PERIODS, THE BASE: m:rn WILL BE INCREASED ANNUALLY BY FIVE (5%) PERCENT, OVER THE' PHEVIOUS YEAR'S BASE RENT. lCU.8C. upon the execution of this h:.50, agr.es to pay tha amount or S nOne _ 0_ Which !.11.J1l ue helLl DS security ret the Leuee's performaneo as herein provided ..net retunded.to the Leueo .t the end of this! Ic.;c ,u!>lcCI 10 Ihc l."..'. .ali.laclory compliance with tho conditions hor.or, as sUpulat.d, In parag"'ph 17 or this; 1l!.I';oC All payments /0 be made to the Lessor on the filS! day of each and eveI)' month in : adviJllcc wilhoul demand at the office of R.K. ASSOCIATES 17100 CoWns Avenue, #225, Miami, Bc~ch, Florid~ 33160 or at such olher place and to such other person, as the Lessor may from "mc 10 limc designale in wrillng. FIRST; USE: II i. hereby und.rslood and agreed that the U.e of th.teased premises Is limited to Cit Of Sunn Isles Bea . and ror no oth.r purposes whatsoever. Any violation ot lh. agreed USlI, or any type of disturbance or InterferClJ1ee With any other Ten.or. use d.Ju:.c:. tll.J~lnc:.s and/or exclusivity will be a \tial.lion or this I...e agreement In the evant th.... is a violat;on of this ">c ",,",cll.Hor .hall retain the rlghl al ito 101. option to termin.t. lI1il 1..la ag....m.nt Imm..o..t.'y, NOlhing conl","llcu ill IhlS Ic.ne shall gi,,'Q the loucc any right to demand perfotmanc. by or trom any other l...... or from the l~:'l'>l)r Mor~ovol. violalion o( this clauu by Ql'\Olher Tenant located at the Shopping center at which th.'c...d 11' Clllt~C~ Jrc a p.ut or ~hall net parmit the Lessee to have the same violation or otherwise operllte as a waiver or Lc~:;or'~ liUhls in Ihis Icase. SECOND: ASSIGNMENT ..sUBLEASING; Th. leu.. shall not ...Isn this 'Qa'I, nOflub--ler the pl('llll~C:', UI imy part lhcrcof. without LeuOI's written permlsston. In the event LUlor SJtant. L..... the Ifght to ~ulJlcl. II j~ fully iiI!)rctd und understood that less.. will bo responsible forcompteUng all necessary Improvements In orc!cr 10 (('Iralit lhe leased premises ror occupancy. L.lSce sh.1I continue to remain fully rQspo~lbl. for all Obligations due l..mdcr till: terms of the lease agreement. THIRD: PIORSONAl PROPERTY-LESSEE'S RESPONSIBILITY: All personal property plac.d or moved In lhc prellllses above descrjbed shall be at the risk: of the Lessee or owner thereof. Lessor, any agent of the lc"or, ondlor any principal of tho L.uor .hall not be lIabl. lor lI/IY lI/Id all dam.g. III .oid perlonal propert)c, to the I lc"cc JII~lng Irom lhc bursting or Ic.king of water pipe., from any act or negllgen.e ot any co-Tenant or occupant of the lJulldll1~~ ot of C1ny olller person whomsoever. fOURTlt: COMPLIANCE WITH LAWs: Th. L..... shall prompUy execute and comply with all statutn, orulnanccs, (\.lIes, orders, regulations and requirements of any applicable ,Federal, Stato a"delty Government ~nu 01 .:Jny .:md ~II their Oep:utmtllnts and Burea.u$ including any Taxing Author!ty or Utlllty: and Less.~ shall also promptly comply with all rules, orders and regulations of the applicable fire prevention ,"odes for the prevention of fires, .)11 oJe ll:~!>CC':' O'.\I'n co~l and cl'pc:nsc. FIFTH: FIRE.CASUAL TY: In th. ev.nlth. pr.ml... shall b. d_oyed or .0 damag.d 0' Inju~.d h, "" or o,n., ca,u.,ly during lh. Iif. olthi. agr..m.nl, wh"'eby th. .om. shall ... r_"'.d unl.....n...bl., th.n th. l...or .hall ha.. Ih. ,ight 10 r.nd.r .ald pr.ml... lonantabl. by ..""Ira within ninety days th.r,'rom. If sOld pr.n",., .r. not r.nd.r.d t.nantobl. within .old tim., ilshall b. op1lonal with either INII'IYh.r.1o 10 can.:clthi. I.a$o, an. In th. ev.nl or such canc.llaUon th. r.nt .hall b. pald only 10 th. date 0' ,uch fir. or ....ualty, Th. cancellation her.'n menlion.d shall b. evld.nc.d In wriUng. Notwlth.~ding IIl)'Ihlng to the conInry contain.d ber.ln, L..... ,h.1I be "quired to pay .11 r.nl and op.rating up.n..s dllring any Porlod In which tit. pr.ml... ar. rend.red .nl.n.nl.bl., .ithcr rrom th.ir own 'ourc. of 'undo 0( througb tIt.1t bu.in... interruption cov.rage Whicb Lessee; is reqUIred 10 carry under clause 24 of this I.ase Igreement. I SIXTH: DEFAULT; The prompl paYmenl 0' tlte rent for said pram/st. upon tit. date. nam.d, and 'he fallhfui ob.ervance of th. rUle. and regulation. prinl.d upon tlti. I...., and Which ora h.l.by mod. a pott of this co.c,,"nl, .nd or .ucb olber and 'urth.r NI.. or r.gulati..... a. may b. herealler mad. by tho Lessor. are the ,on.,tion. upon wbich Ih. Ie... i. made and .ccepl.d and any 'aUut. on the part :>f the L.s... lD .omply witlt the term. 0' said I...., or .ny or said rul.. and r.gUI.tion. now In Qist.no., or which m.y b. h.r..fl.r pr.scribed by the Le"or, 'h.lI.t Ih. opUon or L.ssor, constitut.. d.r.ull und.r thi.I...., , SEVENTH: ABANDONMENT: If tho L..... .h.1I .bandon or vocot. said pr.mi..s b.'or. the 'nd 01 'h. '.'''' 0' Ihi. '0.", 0' shall .ull.r th. r.nllo bo in .rrear., th. L...or m.y, lit 110 opticn, 'otfhwith c.n'.1 thl. I.... 0' ."'or said pr.mi... a. the .g.nl or Ih. Le...., without being lIabl. In any way th.r.'or. and r,'.t th. p'em,$O' with or without any 'urnilur. thaI may b. th.r.in, .. the ogenl oIth. L...... at 'uch ".t.. and upon .ud, ''''"' "nd 10' such duralion 01 Vm. as th. l...or may d.l.rmln., and reeelv.lb. ronltlter.ror, applying th. s.m. ,to rh. p'y,n.nt or 'ent du. by th... P'...nts, and illh. 'ull/.nlal h.reln ",,,,,Idad .hall not b. r.ollz.d by L...or over an" ,bove Ih. '.p.n... '0 l.ssor in 'ueh r,,'.lIing, th. ..Id L..... .hall pay any d.tIc:l.ncy. L.'.or .h.1I nat b. """,. (0 le".. In lh. ...nt of ony "c.", Notwith.l.ndlng L....... abandonmenl or Lu.or. acc.ptanc. Ih.reof. Le".. .nall b. '.'pon.ibl. to ..".ry any and.1I obligaUon. du.1o L...or und.r th. t.rm. or thi.I..... EICHTH: COLLECTION: L..... agr.es 10 pay .U co.1s of collectlona .nd .ttorney. 'ee. incurred by lessor in lhe ...nl or any br.och or Ihi. I.... by L...... Thi. provl.ion .hall apply to an trial and .pp.n.te proceedings. 'Ll:ssce also waives _II rights to reciproc:al attorneys feel under Law. NINTH: UTILITIES: The L....e .gree. that h. will p.y "" charge. for rent gas, electricity or oth.r ,lIu""nal,ol1, ,ubblSh ramoval, and for all W3t.r u..d On .aid pr.mis.., a. W.II as .ny .nd an la'lilbiliti.s. .nd 'hould '.'d ch.'ges lor r.nl, IIghl, rubbish remov.I, wat.r 0( t.... h.reln provided 'or at any time r.m.in duo and unp.id fpr Ih. 'pac. 01 rivc d.y. arter um. shall have b.com. du., the Lessor m.y, at lis option. con.ider the s.id L..... al sullerance .nd Ih. entire "nl shall al onc. b. due and payablo and may 'orthwith b. cOII.cled by distr... or olnclwlSt= TENTH: SECURITY INTEREST: Th. .aid L..... h.r.by pI.dg.. and o..lgns to th. L."or aU iii. 'o'n"ure, li,lur.., goods and ch.Uels 01 said L....., which .hall or may b. broughl or put on .aid pr.mi... .I. '.,unly 10' thc p.ym.nt 0' Ih. r.nl h.r.in r.serv.d, and th. L..... agr.a. that th. .ald lI.n may b. .n'orc.d by '''Ireu (and l..... woive. ." rights to r.qulr. L...or to po.t bond), 'or.closuro or oth./Wf.. alth. .leeVon 0' lit. Sdld Lessor ELEVENTH: LESSOR'S ACCESS: Th. l...or. or any 0' his 'gonls, sh.n b.v. th. right 10 .nl.r .ai' pr.mi,.. during an r."onabl. hours, to ...min. th. .am. to malee .uob r.""Irs. .ddltion. or .lleraVons .. m.;y b. de.med nce.nary ror Ih. S,'ely, comror!, or pr".rvation thereot. or 0' 'ald building. or to exhibit sold p'.ml.... and ,a pul or k..p upon th. d_. or windows thereof a notic. 'FOR RENT" .Illny time within "l< (8) month. be,o,. th. e'pirallon of 11.1. I...., Th. rlghl or antry .h.II IIk.wi.. ."'.1 tor th. putpoo. 0' remO\llng plaCSlrd., .Ign., flolur... alleralions, or addition., Which do not con'orm to thi. agr..m.nt, or 10 the rul.. and r.gulaUon. of the buIlding. I TWELFTH: ACCEPTANCE OF PREMfSES AND REPAIR: La.s.. h.reby accepls tho promises '" Ih. conailion they are in at the beginning 0' !hi. lea.. and .gr... to maintain .aid pr.mise. IrIth. .am. condl~orl, order and r.pair as lhey .re at the comm.n..m.nt 0' uid t.rm, _.pting only roasOllllllla w.ar and tear ari.ing 'ro'!' lhe use lh.r.of under thl. agreem.nt, and to make gOod to said L.nor Imm.dlately upan demand. any d.m.g. to waler apporolu., or .'.ctrlc lights or any flxtur., applianc.s or appurt.nances Of said prem/se., or Of the building, c..,s.d by ony .ct or n.glecl of L...eo, or Of any person or per.on. in tit. employ. under the control Of tho L.ssee, or a bu"n." in.il.. 0' th. L'..ee, If L...e. refu.e. or n.glects 10 repair the I.ased premil" a. r.quir.d h.r.und.r to th. "a'on.ble sati.faelion of the L...or a. 'oon.. r.asonably po..ibl. afl.r writt.n demand, L.ssor may make ,uch rep."" w,'hout lIobWly to L....e ror any loss or damage thaI may ClCCut to L......s mtrdlandl.., fi~r.., or oth.r Plop.rly. 0' to l.....,. bUSln.ss by reeson theraof, 'nd upon ,ompl.tion th.r.o', L..... .h.lI p,y a. addition.1 r.nl lc,>o", co,t ror making Such '.p.irs plu. tw.nly (20%) p.r.ont 'or OV.rh.ad, upon pr."n"'Uon 0' . bill th.r.for. Oa," bill .hall inc'ud. Inl.resl at Ih. high.sll.g.' rat. on s.id co.t "om the date 0' compl.tion 01 r.palrs by L...or. : THIRTEENTH: INSTALLATION BY TENANT: All p.rson.11y Install.d by T.nanl shell b. n.w O[ eoroplc'.I, r.conditloned, Tenanl shall nol mak., or caUse 10 ba mad., any Interior all.raUon., ...dIU.... 01 'mpro.emcnl. 0' in. ioU, or eaus. 10 b. In.tall.d, .ny .xt.rlor .Igna. _rlor IIg/1Una. plumbIng flxtur.., .had.. 0' awn,ng' 0' make .ny Changes 10 th. store front withoul 'irsl obtaining L.ssof. wrIllen apProval and con..nl T.n.nt shall present to the Lessor plans and specifications ror work at the time .ppranJ I.. SOUghl FOURTEENTH: HOLD HARMLESS: IIII ..",.uly agr..d and undentood by and botw..n th. part<<s to Ihrs agr..mcnl, th.t the l...or, ils princip.'s, .mploy..., .genls and all amli.l.d or r.lat.d oWn~rship entll'es shall not be Iiabl. 10 l...e. 'or .ny damage 0( Injury by wot.r. or WIIter 10.pago. any cIamaga or Injury: ,.,ulting from th. c.rele..n..., negligence. or Improp.r ""nducI on the part 0' any oth.r T.nanl or .gent>, 01 employ.... .ny damage by r...on or th. breakag.. leakag.. or obstrucUon of the water., s_.r or .011 pip.., 0( olho( 1'0'09. 'n or .bout Ih. soid building. N.ith.r th. L...or nor Le,"ofs ag.nb shall b. ".pon.lbI. for any d.mag.. ,.""d hy, 0' grow.ng oul of. ony br.ak.g., I.akag., 0' d.,_v. condlU~ 01 th. ol.ctrlca' wiring, air condltlon,ng or "'.t'n~ p'pes and '9uipmanl, plumbing, appliances, .prlnklers. olher 'o",lIdo. or other .qUlpment, unAng ,,"0 Ido;:~ ie, . Neither Lessor nor L.ssors ag.nts .hall b.llabl. for any dam.g.. caused by, or growing ~I or: .ny othct prem, , , h , or in ,.id L....d Praml... or any part lIt.reo' at fire, ram, WInd or 0 , ,r ,n (he $hopp>ng C.nt~' or .ny parti t .r.o... ents and all ""iIIaled or r.l.ted own.rship .ntiU.. shall nol be Iiablo to ~:~:~I a~'~~~lI'~' ~~7~'~=~:;'I~~Pf~:~.~~y :nd allliabllily to T.nan~ excepl 'or th.lrlnlentional.ndlor willful .cts.' 2 FIFTEf:NTIl: BANKRUPTCY; 11th. L.,... 'hol' booom. ~t... il .....luuptq. -""'4>g. >hi'" "0 ".gun by 0' againllth. L...... b.'or. th. ond or 1a14lorrn 'th. La.....'.III...bY "'-Wr .W,OrlZocl .\ it. oP',un. '0 'orthwithcaru:.; thl. I.al.. .1 lor. d.'.ull L...or may oIoct to .ccopt;_ ""'" .uch r....,.,.. WIt..; or olh e, judicial om'.r during Ih. t.rm or th." _upancy In lIlalr //due/My copaejty ""fhooA all'oc:ting L....... right.,.. conraineU in thi. conlr..~ but no r.c.,vOl. lnIslo. or oth., }tM/IG/a1 oIIIC.r .hol' OVot,hav. My rlghlllf/. or Int.r..tln or 10 lho above d".rlb.d prop.rty by virtu. olthl, con"lIet. L...... .hall 01.0 be _1o?i Imm.....t. roll., Irom .ny .pphc.b/e oulomatic ,lay 10 '..k eviction .r othot rom.dI.1 .,. '1>811 Ok...... b. wIIIa.d lo an obloln ord.r aw.orizlng . ,ejoc'ion 0' th. ,.... atth. L...or'. opdon whIch m.y limit th. Tonantlrom molnlalnlng pea....,onor th. pr.mllb., nOlWiUlS'.nellng th. Inlututi"" 01 bankruptcy. In th. ov.nt L...... I. r.qU/rocl ito ..~.. .ny rlghla und.r thil p..agropI,. L..... agr... to imm.di.t.,y con..nl to .ny .nd.n or th. ren.1 roqu.lled by Lea..... ' SIXTf:ENTH: ACCORD AND SATlSfAC110N: No payment by'L..,,,, or roc.lpt by L...or. ol. Ic"e, amount than th. monthly r.nl h.reln .Upul.ted .han b. doem.d to be otIllI' than on .ccount "th. ..rlli.1 ,lIpulal.d renl, nor sh.n any endorsem.nt or ,lat.mant or any cheat or any 'ok IIl:companylng any check !or paym.nl a, r.nt b. d..m.d .n .ccord .nd I.UllooO"". and L."or m.y ~c'.PlllIch 'chock .r paym.nt withoul p,ejudlce 10 L...or'. rlghl to r,c....cr th. bal.nc. of ,u.h r.nlor P\I1Su. .ny ollle. r.medy prOllld.d h.r.'n or by I.w. i SEVf:NTf:ENTH: USe AND RETURN OF SECUR'TY DepOSIT: In th. .venl 01 tho f.i1ur. .1 Lo".. 10 k..p .nd p.rrorm .ny 01 Ih. t.rm.. coy.nam. and condid"". 01 thl. ,.... '0 bo kept ana p.rrorm.d by L...... Ih.n th. L."or al it. option m.y, .pproprlat. .nd apply aaId onUr. d.po.,~ or _0 much Ill.,...,., 'm.y 6. nec....ry. '0 comp.n'at. tho L.uor lor." 10.. or d.mag. suslalnacj or'Uf/er.a by I.euor duo to'lIch br.ach on iii. P'" 0' L...... Should L..... comply with .11 01 .00a tit",., COV_nla and cOftcIl/Iono and promptly pay all ollli. '.nlol her.in proVia.d lor a. It 1.11. du.. .nd." oth.r suml payabla by L..... to ...._ ,lIoraunclar, th. said d.po.n 'h./I b. relurn.d in full, Wilhout In(.r..~ 10 L..... .tlll. .nd ., th. IMln 0/ thi. I..... pnoyfd.d th. I....d premls.. arc r.lurn.d 10 the L'''or In good condlUon. WIth allllxlur., r.ma/nlng. reason.bJ.lVOar aoc.ptod. , f:IGIfTEeNTH: BINDING TERMS: Tnll contra.t .h.1I bind, th. La..or and it. "'ign. or ,ucc"sors, and th. h.'", al"gn.. P.""".' repr".ntativ... or .ue.....,... th" co.. m.y b., 01 tho L...... NINETEENTH: TIMe OF eSSENce; Ills Understood ana .g'..d Ilatweon tha partI.. h.r.to th~1 t.me IS of Ihe ....nc. olthl. conlrac' and thl. appl/..to.1I lerm. and COne/ill"". COIltaIn.d /l.,.'n. TWENTIETIf: NOTICE; Ill. underslooa .nd agr..a betw..., th. panj.. h.rn. lIlal wr/tt.n noll~ mailed. fa'cd or d.liv.r.d to tho pr.ml... '....d h.rOUnd.r .h." con.alillo .utrlcJonl notice to Ill. L..... upo" "'ailing, Ir.nsmi..ion or d.lIv.ry. Wrltt.n nollce m.lI.d vi. eortinocl moll, r.lum rICo/PI requ..t.d. or d.nv.rocl to ~~ otric. of 'h. le..or 'h.1I con.utul. IU//lol.nl noUc. to tho L...or upon rec,,'pI, to comply with th. lorm. 01 th,. conlracl. , TWf:NTY.FIRST: NU/SANCI!; T.nant .hall not commit any wuto'upon 1Il.,....d pr.m/... or .ny nul"nce or oth.r .ct or thing Which m.y dl.!urb th. qui.1 enjoyment or any oth.r T-m .t III. ShoPP/ng Center, Of ..hleh nl'y .elve".ly .".ct L.u.,.. I.. intor".t in th. L....d Pr.m/... or In tho Shopping, Cent.r. N~ 'oud.peak.,.. ","unou'.ph'. m.chin.ry, m..hanical app.ratus. or oth.r dOVl... "".1' ~. u..a or ."....d'lo op.rata In . manner 10 '" 10 Uc hoord 0' .een ouI,iel. 01 UlO I'''.d pr.ml... without III. prior wrltt.n COnI.nlolth.L...or. ; TWENTY -SECOND: LESSOII'S RIGHTs; Th. rlghto ., the .....or Und.r thll I.... shall b~ cumul.".., .nd 'allure on Ih. part 01 tho L...or to ...ercl.. promptly.ny rights glv.n h.reUnd.r shall not operata al . waiver of nny ot leno"', rights. , ;rwpNTY.THIRD: OPERATING EXPENSES; Lea... IIlsn pay to "'.'L",or.. .dd/llonal rOllI Flfteen (1:l;VI "'., operating ...p.n...,ncutroel aurlng th..tann '., thi. ,..... Op.ratinl/ expen..s Includ., bUI .re nollimil.d to: real .."'t. lax.s, 011 common ... malntananc.. L....... 1Ir. and ul.nd.: co..r.ge and publie nab/lI,y in.....ane.. 'peG/a/ ......monts. appllcabl. charg.. tor all uIJIlII.., lQler and .....r. .n , manag.m.nt 01 th. property. P.ym.nla lor IOld .ddltional renl.hal' bo mad. montb1y. based on th. pr.vlou. Y.a,.~ lolaf oper.ling ..pon.." which amounllVllI b. adJust.d annually. : TWENTY-FOURTH: INSURANCE; Th. L....." .h.II malnla/n with r..~ to th. '...;,dp,.ml..., and Ih. prop.rty 01 Which th. I....d pr.ml... .r. . part. comm''''laJ general n.b/1Ity 1n.Uta/le.ln .mounts ., nol I..., than the loll owing ~~~~~, .ggregat. limit (other than ptOcIu.ls<omp/.1ed opoiaUon.) _ ssoo,aOo. ProdllCts..~omplet.d operiltions aggregilteUmit _ $500,000, Personal and advertising injury limit.. 1500,000, Eac:h OCC~r(ence limit - $S9O.ooo Fir. clamagelimlt - Sloo,ooo _nyo on. tlr., Medical expen.. IJmlt .. 55,00D any one p.r.an, Pial. gla.. COverage 'In .mounla 'Urrlcl.n!lo Cov.r rop/.c.m.nl 0/ any and oil pI.t.' gf." In IC".d pr~~~.r~.pen'lbl. con,panj.. quallfted to do bu.'n."'n lit. S"'la ";FlorIda who or.w.II rat.d '7 ~ ,.cogni..d national raling orgoni'""tion of noli... lIIan "': tt,.::~:::::: r~= ,,:,;;::~:::::, ~.~: I .njury to p."on. or dam.g.. 10 propony ., prov/a.d, In.d on COO (whIeh mUlt /ncoIIld. ........., 'nterrvpUOII I shan be r'quired to maintain prop.rty cover.g. In th. amount., l250k, t., or . .lIfIIcllllt ~CIUtlllll prO"'d. lor: co.er.g., whi.h 1""lud.. paym.nl 01 oil r.nl or::: OP=~t=Hpr.ml"'~ul ." Improvam.nto COIIIP/.lad in tho : Ihe replacemont 0' all lurnllur.. filCNr.., .nd oq pm i leased pr.mi.... Including Le..or', ten.nt 'r':t";;,.,:nt ;:"":;;, corllncatas for .lIch Ini..,.nc. .1 or prior to th. i Th. L..... .hall dopel t ... d rlor to tho upiraUon 01 .ny ,uch pol/cl... All luch : cammonc.ment or lh. t.rm. and th.r..llor wilhl~lthl~:~oI or. :Oncaled without at I.alt ton (10) daya prIor wrltt.n , in,uronce c.rtlflca.., .hall provld. th.t such pol e. Th L .or moat be nam.a a. aadidonal In'..,.d on any no'ic. 10 .ach In.ureel n.m. ther.in 'ru:1udinsl :;,-.-' me'::.~:"1 01 Ill. larm ., thI.,..... F.llur. to comply wilh insurance policy. Insur~nce must b. in rorc. . c com 1I,Is proviSion will b. con.idered a violanon of thi. I.... and . 3 .....,e:::l'01a1Q f-'.~ . I L...or may. allll .01. option, larm'nala thl. ..... agroemont!lmm.;'.loIy, lIl. Le.... .halli nol p.,,,,i' .ny ".. or 'h. '.aud ptom'... thaI ....11 make IIO/lIablo any Iil._ on th. ;jlropeny 01 Which th. ':;);Od '''c'''.... .r. a pert, or an tho conl.nl> 01 .ald prop.rty. lIl. L..... .hal' on d....."., r.'mbur.. !h. Leuor and ~.r Tenanl.. all ."ra ins"rane. promi"m. .."'.d by th. L.....'. u.. 01 the "'.ml..... ' I TWENTY -FIFTH: ADDITIONAL RENT: "Ii lJIld~lOod lIIld allioacl be~n th. parties h.r.to ~at any .harg.s ag.inslth. Le.... by the L...or 101 "Mc.. or lor Work dOll. OIlth. "'."'.s by ord.r 01 Ill. L.ssc. or olherw". accrUing undcr Ihis .ontrael .h.1I b. consid.r.d a. r.nl due .nd .hall be includ.d in .ny lI.n lor renl due and unpilld. TWENTY-SIXTH: HAZARDOUS MATERIALS: Hazardous malalfaJ., a. d.nn.d in Chapl.r 2<4 01 Il1e Cod. of M.tropolit.n Dad. County, .hall not be u'.d, g.n_ted, handl.d. eIl'POS.d'OI, dleeharg.d or star.d an in. L.a,.u Prem~.... The r.qUir.m.nl. or thi. '..6on m.y b. OIlforc.d by pr.llminary 'ncI/!Ot'm.nont, prohibitory ~nd mandatory InJun.llons as W.lI as oth.rwf.. prClllld.d by law or ordlnanea. L..... her.by Ind.mnm.. and hold. l1.rmle" th. Lessor agalnsl all .'alm.. ..",,, 01 a.llon, IlabiHIy or 10", InclUding r...onablo altorn.ys I... and .o~ls on the tri., .na 'PP,"ale ',v.I, arising out or a vlolallon by th. L....e 01 thi. Pro.i.,on. In th. ov.nlth. L.'~'d Pr.n"... i. locat.d Wllhin th. Boundarl.. 01 D.de County, F/otflla Iha DlrlClor 01, tho Envfronm.ntal R..our... ..,d Managamenl of M.tropo'itan Dad. Counly, Florilla may also anlorc:.th. r.qulr.m.m. 01 thl. provl,'on, , I . TWENTY'SEVENTH: CORPORATE STATUS: L.s... r.pt...nlo thaI any bw"n... orllanlzallbn ,,.,". "'."1 may purporllo hav., .Ither alth. time of 1/1. -on 01 thi. I.... or th.....fter. shall b. maintalneeliin any and alll.wr", form. 'n th. .venl L..... poss..... corporat. slalus, L.s... sball maintain ._ corpo"'l. .talus as a."vo and ."rr.nl with Ih. ApprOprial. stot. alJfhorl~.s and In th. -nll.ss.. 1"'1, to maintain such .ta,,,s, L".or ,hall have 'h. "pr... authorizalion, at lis sol. op~on, to d.clar.this I.... In d.lault or cane.'thi. I..... TWENTY EIGHTH: REPRESENTA TIONSIWARRANTIES: II L..... I. a busln... org.nizalion 6r opara.o, "nd.r any olh.r busin... lorm, oth.r than an Individual So/a propri'lor, L.....'s authorlZ.d r.pr...nlatives "pre,ent aod warrant, and ills acknowlodgeel th.1 L.ssor I. relying th.reon, th.lth. bulln... 'orm "".. by L....i:. "hethe, corporal. or olh.rwi.., is · dUly r.gl'ler.d an. bona nd. bu.in... lorm, th.1 all noc...ary filing bl doc"menl' have boen filed wllh ./1 appropriate gOY.rnmenlal .genc/.., thaI ns bu.in...,o,," shall b. prop.rly '0. d,,'y n,alntalO.d throughout Ih. .nllr. I....hol. r.lation'hlp, .nd th.ll..... has .lIfflojent WOrking capital 10 m..1 any and all r.nlal oblig.l;ons Ihal ar. uP.clad and/or anticlpalad lIndor tho t.rms 01 this I.... lor. period 01 not I..s th.n lWelve months. Ea.h 01 l....... outhoriz.d ropr."nlativos, by and through 'any alienI ....uting this I...., 1"l1her acknOWI.dg. thaI in Ihe .v.nllho abov...lalact Warranties .hall fall to b. tru. for any r.,.on What.o.v.;-. le"or shall b. .ntill.d 10 ".k any and all r.nW obllll.Uons thai are nol tim.'y Iu/ti"act by th. L..... Irom .ach of l'".e's aU'horized r.pr'S.nl.II..., whioh .hall b. th. Joinl....d ....,., obilgallO/\ ol..ch and .v.ry Individu,' tha". 0' """e, a. an .1I.nl. partn.r, dlr..lor. olli..r or oth.rwi.., Wh.ther or nol a .."""'to and indivld"., p.rsonal g"ar.nty IS ...."t.d by '.ch and .v.ry in.iWdu.,. ill. also ""preSsly ogr..d....d uncl.rstood.that in,th. ,v.nl ora b, each 0' warranty. L.ssor', rem.dl.s against .ach and .vary authotized r.pt...nlati.... '0 waIl'antinll 'hall In.'ud~. b", shall not b. Iimil.d to. all renta' OblillaUDIII, Op.rallnll ""pano.. anct damag.1 ari.1il1l ther.lrom. Mor.ov.r, /I le..ee f."s 10 d."..r 10 L...or prool or avlctano.lhalth. aboya-slalad w.rranll.s ...."". at th. time or th. IllIninll 01 II". loas., th.n ov.ry individ"a' who .arv.. a. an ag.nl P""".r, dlreotDt, ollicer or oth.rwi.. shall b. p.rsonally Iiabl. 'hro"ghou' 'h. .nlir.,....ho'd r.'allon'hlp, I TWENTY -NINTH: WAIVER OF JURY TRIAL: L...or and L.,see har.und... h.r.by kno....ngIY. vol"n'.rily and Inl.nl;onally wolv. any rlghlthal any p.rty may ha.. to a trial by Jury In raspect '" any lillgation ba..~ h.r.on. a"..ng oul 01, or r,'al.d h.r.to, Whether lJIld'r or inCOl\nactfon Wllh W.leas. or any agre.m.nt .ontemplalell 10, b. exc.uled in .onj"n.tion h.rewith, or .ny .our.. 01 cond...~ c;o"r.. 01 dOallng, slatem.nts (Wheth.r v.rba' ol- writ:~") or aefio"s of either party. , THIRTIETH: SUBORDINATION: L...or and L..... hot.by .lIr...'/haIWs I.as. .hall b. SUbj.~ and s"bordinAI. 10 any and .11 mortllallos, d.acts of lrusl.nd other Inltruments In III. ~ or. mortgag., now or at any lime h.rearr.r, a Ii.n or liens pla.od on th. property of WhIch th.,....d ",.mllq "'0 a' /Mrl and tho L..... Iha/I: when r."u..led. prompUy ....ul. and deliv.r .uch writt.n InSlrum.nts thaI shal' b. no....at)' fo show thd '''bordinolron of Ihi. 'easoto 'Aid mortg.g.., d..ds 01 trusI or sU.h oth.r 'nslrurnenlo;n th.nan". of a mortgag.. ; THIRTY.F/RST, FINANCING AGREEMENTS: L..... .hall nol ant.r into, ....LII. or d.liver anl': ',nanClng agre.m.nl thai c.n b. cons/d.r.d .s a F'orily to any mortg.g. or d.ed 01 trusl thaI L...or may hav.: placed, or place~ in the future, upon the l..sed pr.mlsos. THIRTY -SECOND: MECHANIC'S L'ENS: l..... .hall not p.rmitiony m..hanle'. 1I.n., or ,/mllar' ".n.. to '."'.in upon Ih. I....d pr.mi.o. ror labor and malarials lurnI.h.d to L..... or "alm... to have b..ni 'u,n,,,,"u '0 L..... In .0nn'.lIon ....,h work of any .hara.ler P.rfarm.d or clalm.d '" have b.an p."'arm.d alth., ""e"'on 0' L..... and .hall ca"u ""ch lI.n 10 b. r.'easod 01 record forthwith wllIIoLIl eolllo L...or, L'nor may, .', "o"lron d.",and Ih.1 l..... pUI up a pa~"'.nl andlor parformane. bon.. to prolec:1 Ill. Inl.r..t or th. L."or'i ~..... wi" '"".moofy ana hold harml... Los.or Irom .ny or all claims ari.1nll OUt 01 a mechanl.'. lI.n or "mllar lion.! due '0 l."e.. i . THIRTY-THIRD: EMINENT DOM"'IN AND NATURAL DISASTER: In .th., ...nlth. pr.m/..s. or a i ,ubst.nli., portion th.r.of " tak'n by any cond.mn'Uon or .mlnenl dom'/n ,proc:eOd/nl Wh.r. by th. .om. I. i r.ndered unlenanLabl. th. parti.. h.rolo .hall have th. righllo cancel 1Il1. I.... allr..manl wllIlo"t lurth.r lI.bl/lty On ; Ih. p.rt of Ih. le..or or L....., How,v.r, Less.. .ho" a"/gn '" L...or th. ~ 01 ....y Oward or p.ym.nl on : aCCOunl or any laking by.ondcmnallon. II tho I....d prop.rty I. toWIy or pa(ljIIly d..trD\'Od or damagod .a a r.,ull ! 0' a ca,,,.,ly. disa,t.r or huord. Lo..or may, aI/is 101. opUon, lerminote this I.a.. by giving ~..... 30 dOYI' writt.n i notice 10 'hi, .fl.cl and lessor shall h.v. no obiigatian 10 r'bulld, &I:.Pl a. oth.rwI.. prov,d.d h.r.ln. this I.... .h.1I not terminol. or b. arl.ct.d In .ny m.nn.r, ond L..... Iholl pay th. ronlal provld.d lor In thl. I...~, NOlWilhslanding anything 10 Ih. con.rary ."'!laln.d h.reln. L..... .h.1/ ~. '~~~r~o..."2 .~~ r~~~~,o!.~~:~~~ .'p.n,., d"ring any period in which Ih. prem'~e. are r.n~.r.d unt.n~n"'hJ,. "der cl.use 24 01 this I.a.. agr..m.nl ii'UouQh their business Interruption coy.rage which Le551lc IS required carry un THIRTY -FOU~TH,: LAThEd~~~~n~;S~.~~~~':n:hb~~~~.th~.7~~~~:~~":~~~rr.,:n: ~::!o;f :~: currrnl monthly billse rent pcr day or .ac und.( thi, :ucticn s.hall be considered:l$ addItion.' rent. d, /'"".l1':1 THIRTY.FIFTH: CONTINUOUS-oPERATION: Th. L..... shllll ...., must r.m.i;, op.n ror bU',"e, s y.ar round .nd sh.1I not close .xc.pting on holidays and .tter ordinary hOlft for bu.iness, For the purpose of Ih" 10". agr..m.nl, ordinary hours of bu.in... are 10:00 AM to 11:00 PM. EST, For th. purpo.. of .Iarifi.alicin. l.ssee 'hall nolgo dark during the term of 111. I.... or any oxtansion thor.ot. In th. ov.nt of clo.lng. L...or ~. pel"ur-cd 10 rocaplure Ih. I.as.d pr.mi..s.po..... all 'qufpm.ntand trade 1Ixtur.. QC/Uding th. inv.ntory of 1/1. slore, and L..... will b. r.qulr.d 10 ","y .U out.t.ndlng monl.s due for r.nt .nd cxpen... for the r.malnlng term "f the ICi:I!.c agreement. THIRTY-SIXTH: LEASEHOLD IMPROVEMENTS: The L.s... shall at the expiration Dr olli.r tomllnalio" 01 thi, L.... Agr..m.nt remOVe all L....... gOOds and .ffects from th. leased pr.ml..., (Includi~g w,lhoul h.reby IimiUng to the lI.neralily th. foregoing. all SlgM and Iltleting .ffil<ad or Jlllinled by th. L...... .itH.r ,n,id. or out.id. tho I....d pr.ml...). L......s right to r.move any por....aI PTOperty from th. '''.ed pr.mlu. ,i. condllioned upon L....... lull and compl.ta dllcharge of any and all obligation. und.r thl. I.... agr..m.n!. In!h. evonl any ObliSalion' are due .nd owing to L...or at the Urn. L..... se.ks 10 _.ta th. pr.mlsel. L....., shall take no acllon 10 remove any 01 th. p.rsonally locat.d on. in or .lIach.d to th. I.aud pr.ml..., and LOIlor .hall b. cn'''led 10 e..rei,o any ond .11 righl. as .Uh.r ,.cur.d cr.dilor or La..or og.'n.t 'Uch prop.rty In ord.r lo ../i.fy oil .uct, 00"9a"oO$, l..... .1.0 .gr... 10 r.p.lr .ny dam.g. CoIUI.d to th.L....d Pr.ml... by the r.mov" 01 L......, pcr!oonal gOOd5 and ettec:ls. Anylhing .ttach.d to th. property incJUding anything attach.d to the ceilings, wall, and floors (,ncludlng any carpeling) will r.m"n the prop.rty of th. L.uor and .hall not b. r.mov.d Irom th. pr.mi... by lhe: Lcacc. THJRTY-SEVENTH~ RETURN OF PREMISES: Lessee shall deliver to the lessO( tho Leased Prom".s, .11 .'Y', loe., .h.,elo, and olher fixture. connect.d th.r.with and all .lterations and additions mad. to cr upon fhe le.sed pr.mi,.s, In good condition. damage by fir. or oth.r calually only _.pt.d. In the .v.nt of th. le".e', 'a, fur. 10 rtmov. any 0' L.ss..'. prop.rty 'rom the pr.ml.... L.uor I. hereby authoriz.d without Ii.bilitylo le".e 'or 10.. or damage Ih.r.to. and at Ih. .01. risk and co.t of L...... to r.moVl and slor. any of th. prop.rty/at L.ss.e's exp.n.., or 10 r.lain same und.r L...or's control 01 to ..U at publi~ or private .at., without notic., any or all or the prop.rty not '0 r.mov.d and to apply tho n.t proc..d. of ,uch sal. to the paym.nt of .ny .urn duo h.r.und.r Le"or, "'it, solo oplion, may r.quir. L...... .t L......s sol. cost .nd ""p.nl.. to p1.c. the L.al.d Premi..1 back to the Otlgln<J/ condition as delivcrecf to lessee at the inception or this lease. THIRTY.EIGHTH: MODIFICATION: This l.u. contain. the anUra ag;..m.nt b.tw..n tho parti~. ".'elo and all prior n.gOOalion.. Th. t.rms olthillea.. m.y only b. mocfjfi.d by a .Ub..quont written agr..m~nl "gned and ,..,.d by both L...or and L...oo. Th. parti.. to thl. I.... .gro.thattho terms olthl. I.... _hall not b. more !otrlctly construed against L.ssor, or more favorably tor Leu.e, notwilhitlnd;ng Lassor's pres1mtitJon of this l~aH THIRTY-NINTH: NOTICE OF TERMINATION:. L..... .gr..s to noUty L...or In wrl~ng by certifIed mail. return r.ccipt requ.sted. ilt le.lt she (6) full calendar months prior to It. uplr.Uon of the term or thi. lease or il50 intention to vacate the premi.es on the ,.... termination date. In the e\fent th.t tho Lea..eo r.lls to girwe such no'ic., Ih.n ami in Ihat .v.nt, .t L'"ofs opUon. thl. L.... .hall b. automatically conUnuecl .nd .xt.nd,ad pursuant to the terms COntained in the base lease agreement In the event tho base I.... agreement contains no op"on p,ovision" Ihen .". I.a.. agr.ement will b. extend.d automatically. .t Le..ors .Dl. oplion . tor on. lull calendar year. fORTieTH: RULES AND RE'GULAnONS: L.asorruerwa the tight to protnUIpte, andL..." herebye"rce_to comply wK"',the Rules end Regulation.. fOl the pr.m;.e.. shopping center aI)d Common Are.. including bIJ: not JimJed to: ilJ LIIl$5ee 5h.U m.inr.in. r.paIr end r.plle., ~~ necuUry, the air eCllldllanhg .)IItem. al'MUor helltlng .~. WhIch IUUIflCQ Ihe lCilsl!d premises; end et the end at tM /'Ise term. .half ,..". said s)Stems to their pteMtrt condJJon, r"IOl1.b!. us. atid' weJr eJo.'Ccpted b) Leuce Yttll be responslbfe latthe Immedille replllcemarl. or b p!ata gllSs ~.~ Hid windows becam. da.maged or craCked. c) Lessu is expressly prohibked from placing, .rKtinQ, or tnIIirbininQ any sign, JeU~, or IdWrtlslng devices on, In: or JbOullh" wlncl'OWS or door$ or the leased pr.mts.s. d' Lossce :lholl not conduct eny luctlon, tire. bDnJcruptay, _1iI1g.out. QI cIoslng<ll.l; ,.... on Of about the leased p'cm.sC'i , 0' L~uec. Its e~. 01 agents shIIll,not mlrk. p.Jnt.driIt or '" MY"")' d".e any.a.. C'llnGe. pert.lena, now.: VI I(olwlOrk WIthout l~::::~~n":':~~N eny equipment YA'l1ch exc::,"s the C8poclty or h utlJly IlnM IMtIIng Itxo the lee.ed premise. or the budd,ng .r \\tIich th. "'a sod premi... cons/tul... portion. en or ro."" L..... ' . .- wrftten notice or In)' ecdd.~, a". or d.ma,ge ~t.Wft"" g) LO,"5ce s>hollglw lUSOf pt.....r Ple",,,.s Ion/. ""Il._nyfor"_-'Il::;"'~~':,..';: h) Lessee shill only enlist thenl~r. mpro:':y'IL~~' wiU :=telMthnet ~ up"ty ~"~":::mem. Le.'H ~ actorfotth.c I ,....., ULns'ldolls ........ t'u !.elcdod 10 utillz. ~. .(1) ~~her competlOlS In tho market ar.a, o~d,ng company'" on fl"" ,. in aoc/l inatonc:. the ~~ ,n d.l.u' 01 " I...e .gleement, _ IlmlIer dll\llce sholl be _lied = ~:~:: Ill. grounds, _: I) N, 0 tadto. 1.lcvislorl. ~~~~ ~ or~ .~ed un thl roOf ~~:: ~ sud'I WIllen conaert may be r.~: 'J No 3.tial or sat._t I Drill or ..teAb dish 5Q ...._ Lessor, c,,"sent on wr'I;~~ consent 01 th.Lessor. M~' nlO'I5I lot n ," <,ch ,nslanee, lhe WI Of .h.. "'" bohobl. 'Of sUC re . whl<h they .r. oenalN<Ied. and no oIg L'''O' .1 ,n, "me and Le.. . 'h.".... ,,"u.ed (Of."yother purpos.lhtnlhll ~otor d.mag. r..utlng from. >ioIIt/Dn of/his I) The p1umblng .':If~:rein, .nd lhe eJtpens4a 01 W'IY ~::'5~"'; ~U5ed samt. sub.lonce 01 ony kind .holl be p~.m:., sh.n, Of """" employe... .;.... or egeIng _. .nd ..........".".M to PrCl'i1'i1lon s.hall be barnc by lcsse , . \ .~.. \Q au&pend. .mend or suP~m:.':s ~~. and ame"clman~ and . hl from \1Inf: Q ...,... . Nciic;D 01 r.uch fU .So Lesfooc (esef\ll=$ the r\~ab\e \Q Uw \..ea$t4 p(eml&e5. . ~ I \ 'nd u~9ul,,\\OO5 ~\-,p 5 ,,"op!. addl\lona\ fU ct:. a r. .HO .,; ;"".,,,,:11 .111\.1II.:IU, II :lny, :ol';lll bQ gl~l\ 10 II Ie In....l.5... aGreealG QGl'nplyv.lh .....dcUtionlJend sup,-.mcntal N....nd reglJllUions "t.". 'I....., "I :,,'11111,' 111,1111 t.1J:.:,\Jf' II allY PfO'oll:oion or this h:a.so shQl1 b. declared 1n~1id or unenCCJ(l;qbIe. U. remelndetor lhb louD shall ' ';' ,I"",,: II' ;,,11 f()~r...... :Jlkl cllr..'t:1 FORTY.FIRST: ACCELERATION CLAUSE: In addiUon to aU olllct rlghlJ grant.d to ,Lessor in thl~ tca:.c ilncJ not as ... limitation ot said rights. in the event ot a termination of this lease as a re.ult of a default by lessee, Le:.:.or :;h.JlI hi!ve the right and option to accelerate all rental due hereunder. In the event of ill default, all rights and rctlledfC:i .JViJllable 10 L~ssor shall be c:umulatlve and non.exc:IU:ilve. FORTY.SECOND: RADON GAS: Radon is a naturally occurring radioactiv. gas that. wh.n it has ,lccumul.JtccJ in a bUilding in sufficient quantiUu, may present health risks to persons Who are exposed to it Over time, L<vcls 01 rauon Ihal excood foderal and stat. guld.lines have been found in buildings In florida. Additional informaU~ rOY""'lng ,adon and radon losting may b. obtain.d from your county public h.alth unit Pursuant to 5'404.056(~. FlorIda ~t,Jtutcs, FORTY.THIRD: INDEPENDENT COVENANT: Each and ev.ry rental obligation Lessee is obligat.d :Of under the terms oC this ICOIse agreement shall be deemed to belndependlnt covcnantll to Lossar and shall remain IndCIJClldClll covenants notwithstandi"9 any other oblig...tion Lessor may have to Leslee under the lease agreement FORTY.FOURTH: CLEANLINESS: T.nant shall maintain ~s show Windows in a neat and cl.an c.ondltlon and shall ko(\'p $ldcwalks adjoining the demised premiselclean and free from; rubbish, ana shall store 8JI h.,h .nd garbagl within th. demised prlmis.. and .hall arrange for th. rlgular pick up af trash and garbag.. T.n""l ,h,1I nol burn any tra.h of any kind in or about th. building, nor .hall T.nant p.rmit rubbish. r.fuse, or garbage to oJccumulalc or fjre haz...rds to exist at the demised premises. Tenant shall pay the cost of removal of any of Tenant's ga(uiJgc, refuse and rubbish, FORTY.FIFTH: DELIVERIES: All loading of goods and deliver/os of goods .hall be done only at ~uch ttlnes, 10 the O)reas. and through the entrances, designated for sud1 purposes by the lessor. The delivery ,or :.hlppmg 01 merchandise, supplic$ and fixtures to and trom the Leased Premi$c$ shall be subject to such rules and ,evu'.',",,, J' in th. judgment of Ihe L.Slor are n.e.ssary for III. proper operaUon of the L.as.d Premi... or th. ~ll0~I>lng Conlor. All de',ver,.s ",us, be made before 1 0:00 AM. EST. unl.ss priorwrllten con.ent is obtain.d from th. lc>>or Trailers or Irucks .h.1I nol b. permitt.d to r.main park.d ov.rnlght in any area of the Shopping Cenlor v,'llcthcr IO.ldcd, unloaded or partially loaded or ~nloaded. ' FORTY.SIXTH: DISPLAY RESTRICTIONS; The L..... will cIlsplay and maintain the I.as,ed jJrcmi:.e~ in il fir11 class manner at all tim.s. The Leula can not display any Items. or merchandise outside the leased prcnH~e:; Including the front dQOr end the sidewalk or any common ar... A violatiOn of this clause by another Tenant IOC.JlcU <it the shopping ccnttr of which the leased premises are a part, whether with or \\;thout the knowtedge and/or con:'c/11 (Jr lhc LCHor, docs not permit the Lessee 10 have the same violation. FOHTY~SEVENTH: SIGNAGE: Lessee is responslbl. for installing his own "ignago. lessee shall p' Olllplly ';lI;l.:!: oj :.itlll wllhin Ihe OJroil designated by the LessCll'. which sign ,hall b. 'llbJec~ to the prior written approval 01 Lt'~~o/, Lc:~~ee mlJ::ol u::oc the same size letters, same style, color and system so U,al the sign conforms with fhe Ulhl.:r ~19t150 111 the shopping center or whic.h the leased premises are iI part Less.. must utilize the four inch C4'1 feIlH,lV,Jl;lc acc:c~s panel to make the electrical hook up. The lessee covenants !hathllNill keep both signs, the sign umJcr the canopy and the sign over Ihe canopy. lit seVen days a week trom one hour before sunset until 2:00 AiM. Le!o!.l.:c rurthcr c:ovcniJnls that any sign $haU be maintained in good condition and repair at all times. FORTY.EIGHTH: PARKING: L...... store own.rs, stOre managers, and all other stor. employ.es l11u,1 ~ark in Ihe rOJr parking lot only a. sp.cifi.d by Lessor. Front parl:ing lots may only be used lly patrons and CU:olomt/s FORTY.NINTH: LESSEE'S BREACH: It is agr..d and understood by the L.ssor and the L.ss.e :1101: .In)' IJtc,)ch of any condItions or terms contained in this.lease by the lessee or any -or his employees or agents !lhJII1ll.:J~.c lhis lcase, ill lenor's sole option. null and void and shall excuselessotflOm any further performance. FIFTIETH: OPTION TO RENEW: ConUngent upon L.....'s full camp/ianc. with all terms of this Ic.il~\(; .Jnd lc!\.Sc~'s non default herfuftder, .L~lor hereby gives and gran1$ to l~ssee the right to extend his leasc fot one (1) ~uccc::osivc 1. ve ( Year options from the data.of the expiration at the initial ICrt11 The uption 10 c:dend this lease ror ...ny term may only be exe(C'ised for the immediately succeeding tcrm. . lilt.: oplion to renew will b. ilutomatically ext~nded for Ute full term. of the option period unless l.t::'HC: !JIVI.:;' prior WtlHCll nolice 10 Lessor. via Certified mail, return receipt requesfcd. not lcu than three (3) flJlI c.!.Jncu.:Jr 11Ionlhs priur to the expiration 0' the base h:asQ term of their intent to terminate th. laas. agreement. If lc:.~cc 1$ III ucfault of the lease agreement at the tlme ot the renewal period, at Lessor's option. thl lease m:llY be tcr/lllt,...I~c.l rorthwilh by lcuor. AJI o( Ole terms c;ovcnanb and conditJon5 of this lease. shaJl be .ppllcable ror any I ('l1cwi.ll pCllods with lh~ specific undcu~ndJng that the monthly hac rent during the opUon periods Will be Increased .mmJally by Five: (sn.4) aver the prior years bas. rent It U'lcr. Ir. no additional options contained In the 1'1.. ;JYTcclllcnt, the lease will be extended automatically (or a orye (1) ye.r period, unlo" leslor his provided three '(3) Mlonlh~ pllor writ: en noticc to Lessee or their intent to terminate the lease agreement and request and requcit lhat lellant "acOlte FIFTY.FIRST: USE OF ADDITIONAL AREAS: Th. Use end oeeupaUon of the L.esed Preml~.. 50htlll inc:lude the non-exclusive use, in common with othors entitled thCcrclg, of the cornmon ar..s, employees' plr~ng artilS. ~Crvlce roatls, malls, loading faciUties, sidewalks and CiustDmcr ~ parking areas as ~uchcommon areas now c:,0:;1 or .)~ !ouch common :Haas may hereafter b. constructed, and ather facilities ~I may be designated from time to 11111(' lJy the Lc~sor. subject however to the terms and conditions ofthi, agreement:.ncl th.le~.e agreement and: to.the 'ule, ,nu '.9u]a"ons for Ihe U5. Ihereof as prescribld from tim.to time by the L.'$Or. N~~lth.tandlng the foregOing, the Lestor. I;It his option, fc:.crvcs the right to relocate lessee into another s~ac. of Similar square footage i~ thlt <"'] ppmg C~nter The lessee shall be advised of said reloeatiQn on or beforo Sixty (60) days prior to said relocation. ~n l~h(; event the 'lessee :..hOlIl not ilgree to the relocation as provided herein, at less;or's optior't. this lease $hall, be cJnceled 41nd of no turUlcr lorc:e or ertcct and the lessor shall not be liable to lessee for an)' damagu of any f;and v;h.Jl~ocvcr 6 FIFTY;SECOND: TENJ\NT IMPROVEMENTS: Ao part..,.. _loithl.,.... ollroom.n~ LO".. is ,cc.pling tho ',,"ed ",oml... In ...~.. _Uon ..,.. ogr... fa :oomplota aU -*' n.......'Y In ord... to op.ri tho ' January 1 1998 , I....d pr.m,... lor bu.tn... on or b.for. , " . All work In tho I....d pr.",i... will II. performed by 0 Uciftaecl "011_ conhctor IIIld...; th. g~idolin.. ot the .ppllcabl. building Cod... L..... .gr... to _~ clJ//genlly 10 OPOll II. ""od ",.IIll... for bu.i~... end thai 'Um. I. 01 Ih. ....nc.. in camplolln; au work."., '........ au epJlfW8l... . In lh!t ."enl L.....,. not opon for busine.. by the .bov. r.f.r.nc.d date for any tealon wIlallo.".... _.pt Lo'IOf. lIII/lliul ect of n.'lg.nc.. L.~..o shall remit a lal. I.. 0' $SO/day to L...or in edditlon to .11 r"'llirod payments dUI unci... ill. I.... .gre.ment ! FIFTY. THIRD: FORCE MAJEURE; In ally call WIItr. tllh.r PanY hll'llo I. r"'llirad to do anyiac~ d.lays cauud by or r..ulllng lrom acts of God. _. eMl commotion. f". or oth... "'\lalty. labor c1iffjr:ul~... shollages 01 labor mat.rlals or 'qulpmen\ g""smm.nlal regUlation., ""'.r caus... ~d such party'. r.a.onabl. conlrol sh.n not bo counled in d.terllllnlnglh. tim. du~n. Which IUch act.hall b. COII1P~.d, ; F'FTY,FOUR: USE OF ADDITIONAL AREAS: The llIe and ccCupaUOo of the Leased Prem~es sh~1I include Ihe non-exclusive use. In common ,\\lth others enUUed !herelo, Of the common, ",,!as, Olllployees' parking areas, service roacls, mails, lOading fadRUes. $lcl_Iks 8nd CUSlomer car p8rk;ilg areas ~s such common arel's now exisl or a. Such common areas may here8fler 'be con.tl\lClecl, and other I.c,'iltes liS may be designalecl trom lime 10 tlm. by the Lessor, Subjac:t h_ar io the lenns 8llCl condltlons or Ihis agroemenlandlhe lease agreement and 10 Ihe rules and rBgUlatlona for the use thereof as presCrii>ed frorn lime 10 lime by the Lessor. Notv.ithslanding the foregoing, the Lessor, at hls CPUon. reSetves the rlght 10 r"'oC~le Lessee into anolher space Of similar square footage In the Shopping Cenler. The Lessee shall be ~dvJsod 01 said relocalion on or before sixty (60) days ptfor to safd relocation. In the event the Las$ee sl1~" nol agree 10 tho relocallon as prcwlded herein. at LelSO('s option, this Ie... shall be canceled and of no IUrlher ,roree or e((ecl and 111. Lessor shall nol be liable to !.essee for any clamages of any Jiind YAlalsoever. I , FIFTY FIVE: CONTROL OF COMMON AREAs BY LESSOR: All areas \\llhln the extekor boundilJies 01 the Sllopping Cenler YohIC/1 are now or hereafler held for lease or occupaUon by Lessor or used by olher persons enlil/ed 10 OCCUpy floor space In the Shopping Center. 'ncoIUcung, \\lIhOlllllm/Ung 'Ihe generalily of Ihe foregoing. all automobile parfdng areas, clrivew.ys, enlnlnces and exits thel'llto, employee par1(ing ..reas, the truck way or ways, loading docks. package plck-up Slatlona; pedestrian, side>wlks and r~rnps, landscapecl areas, relalnlng walls. exterior SlaiMllys. first ald Slations, comfort sl4lUons. bus stops, opened and enclosecl COUrts "nd malls and other areas and Improvements prgvlded by. Lessor In or near Ihe Shoppinu Cenler 'or lhe oeneral uSe, In common, by tenants. their otflcer.s, agenls. employees ljncl Cuslorne," (herein called "Common Areas, shall al all Urnes be SUbject to Ihe exclusive conlrol and '''''m(lcnHlIlI of Lessor, and Lossor shall have the right, but not the obljgaUon, to consll\lCl. maintain and "p"r:lIo 1i{JI1ling facilillcs on all S<llcI areas and Improvem.nts. froin Ume to Ume ,to change the area, le~el. 1()~~I"'n ~Ild arrangemenl 01 parking areas and other fad/lUes herein above I'llferr8d to; 10 restrict parking'by lell~llls, 1I1eir Ol(icers, agenls and employees to employee parkjng arees and 10 itriforce parldng charges (by operalJoll 0' melers or olhe,.,.,;se), \/14th appropriale Provl$lonSfor free pariclng Ueleel Validating. or In lieu 1I1croot, 10 apply Iho nel proceeds from such charges, all., deducUon Of costs' applicable therelo. 10 ihe reducllon of the cosl 01 malnlalning Ihe parlcJng facilities. , . I Lessor shall have lho right 10 close all or any Portlon of the Commcin Areu; to dose temporarily all or ~ny porlion 01 Ihe parlcjng areas or fadlllies; to discourage non-customer pertdng; and 10 cia and perr.orm ~ olher acls ill and 10 said areas and imprgvements as the Lessor #IaII determine tD be advisable >wlh a vi~w 10 Ihe improvement of Ihe convenience antJ llIe Ihereof by lenants, their omce~. agenls. employees a~ cuslomers. Lessor shall have Ihe full rlghl ancl authority to employ all pel>>lnel lIncIlo make all llJIes erid regula lions pertaining 10 the proper operation and maintenance Of the Common Areas. ' FIFTY SIX: CHANGES TO SHOPPING CENTER AND COMMON AREA: Lessor hereby reserv~s Ihe nghl, al ony time, to perform malnlenance operations and 10 ma~e repa/rs, alterations. or a~cI!tI~s !o. and 10 build additional slones on. the building In Yohich the premises lire cootalned, and to build adJOlOlng \lie same, Lessor alsoreservos the righllo consll\lCl olh., bui'cllngs or Imp(gVemenlll, InclUding. but not IImiljlcl 10: ..ruelures ror molar vohlcle parking. Th. Lessee agrees to COOperate \\lth the Le.tor;, pennilUng llIe Lo>;"...r J" "ccomp/ish ~ny 'Ucll maintenance, repairs, alleraUCll\S, addiUons or aonaln.lc:lID1'l, Thl purpo.e bf "," sile plan allaclled herelo os Exhibit A I. to .how the appl'Qldmate locaUon ....er the Leased Pr.mla... Tile L"~sor reserves the rlghl, at any Ume. to acid to or reduce or to relocate the vartou.' bulldln~. ~ulomol)i1e parking areas, ond olh.r common areas as shov.n on the site plan. , FIFTY EIGHT: LETTERS AND MARKS IN ADVERTISING: leaQe agr&iS to llIe In Its advel1lsJ?g ..nd promotional aclivitles for Its business In the Leaseel Preml_ SUCh reterence. to thl name of tt Shopping Cenler and Such identifying lettering, mlltks, or S)'IIlbotl retll'll'1l to the S':X'pplng Center, Lessor shall specify lrom Ume 10 lime. Lessee shall Inclucle the name Of the Shopplng Center and lis address for Ihe Leased Premises and shall subscrfbe to an I/sUng In the Yellow Pages Of the local telephone direclor \'\Ihicll shall be printed In bolcllype. i 7 /: IN WITNESS WHEREOF, the parries hereto haVe hereunto e;ecuted this Instrulllent for the purpose herein expressed, the day and year above written. ; Signed, sealed and delivered In the presence of: R.K ASSOCIATES BY: As to Lessor Lessor City of Sunny Isles Beach BY: As to Lessee Lessee Honorable David Samson, Mayor BY: As to Lessee Lessee As to Lesslle Lessee Auqust_____. 1997 r r II roTAL P.12