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<br /> LEASE AGREEMENT '�
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<br /> This Leusc AgreemeM is enicrcd into as of thc 10'" ctay of March , 20 1{ by aad beh+�ecn the undersignrd[.essor and Galaxy �;, �
<br /> Fireworks,inc.a Ftocida Cotparation,t�aving its principal placc of'acuine�s at 2Q4 Eact[h.Manin Luthcr King.lc Boutevard.Tampa Florida 33603 �k
<br /> ("Lesscc�s}")for thc purpose of essab{ishing thc lerms and canditions by which Lessor leeses certain property to Les_ue. �' ``=--� �
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<br /> 1n conxideration of the foitowing eovenants and coadilions,and of oihec consideration thc rcxeipt and sutTicieney of wtrich areacknowtedged.Lcssoranct
<br /> t.essce agree as fat4ows: �
<br /> 1.Premisea Lacation:'Thc properry that is the subject of this Lease Ag�reement{the"Premises"i is tocated at the foilowing address �
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<br /> S9Ai f�a{l Bivd.7xghtyhitfs,Ft ,s
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<br /> 2.Oeeapsaey:Lessor repmsEats und u�arrants that it owns the Premises,and Lessor harcby grants J.essec the c7cclusive right to occupy and use the �
<br /> Premists uodistur6ed during each Tecm(as ficminafler defined),am�s therero(including ihe right to ctoss sunounding¢ropeAy belongin8 ta Lessvr='f ,
<br /> enyy,along with afl other rights providcd to a tenant under tfie la«s of the state of Fiotida.
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<br /> 3.'ferm:. The peciods during which Lessce W�it be entitled to occupy the Prcmises('"Terms')are as fotbws: �
<br /> Term 1 is from�une i5tfi 20i i nntil Joiv 7�h�20t i:Tertn 2 is from p�.IS�h 2011 until lanuary,�''2012_f'�iCrail�asePeriod")201 f• � a
<br /> 20I6. Thercafter oecupaney will be detcrmincd by txssee's clection pursuant to Sectiim 11 l'his hgrcemcnt sfial!continue in fuii forcc and efTcci uniii "�; ;
<br /> the Option Pcriods identified in Scction 1 t bebw e�cpire: ; '�' '�
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<br /> 4. Uae:Lessec may usc thc Pre�nises ro se11 seasonei products,including but noi timited to Grewo►ks and items iecidrnta!lhcreto. ;�
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<br /> 5. Ben�Lcssce wi8 pay Lessor the sum of S2.000.00 for Tetm I and S 1.SU0,00 for term 2 afiich wili bc due and payabte on Ute first day of itsc �
<br /> apDlicabte Tccm.
<br /> 6.Permib:Lessce agroes ro acquire arry and aii pc�rmiu roquired by goveming avthmiti�s for Lessee's intendcd use of tfie Prcmises. lftho pertniLs are �
<br /> not approved for any reason,this Ageement wlI bc nuii and soiQ,81id SN dC�70S11S N'1II IYC[�Cf1111dCd IO LL�5SCC.{f 8NM 8!!YlICCl.'553�}'pClliiiL4 HBYC IMi71 #�a
<br /> iccutd to i.essce.Le.ssee is prcvented from using ihe Premises Cor tlie intended pmpose ofselli»g fire»rorks duri�aery�;ut ofa Term bxaiue ofen act of
<br /> Gnd,waz,tacecmive urder,ordinance,change in law,aro�herreason beyond Lcssor`s or t.essc,•r's conVol,Lessee wifl be retieved oEits obli�xntian to pay
<br /> n�nt fm that Term,and zuty rent paid for that Trnn�riit eithcr bc rcfunded io Ltssee or applied to the next Tertn,u Lcssor chooses. ixswr shaA make t,
<br /> ihat choice and notify i.essce within ten days of being informed by Lcssee iha�it has been prevented from using the Prcmisa.
<br /> ?.IademaiReatlon:Lessee sha11 indemnify and hold l.tssot hanniess from any and all actions and ctaims msuhing directly and soleiy from Lcssae"s�ue
<br /> of tht Premises,inefuding but noi limited a ciaims by L.essee's licensees,or invitce,and trespassers.
<br /> 8. Pixtures:All struMums(including tonts)sfisii be placed on 1he Premises under the approti�s!of l.essor_ My piacerteent shal!na in2erfere with �
<br /> t.essor's use of proyecty surrouriding Ihe Premises.Any instatiation shaN no�damage any oi'the Lessar s impcuvemrntx on the Premises. '
<br /> 9.insunoee:Lcssse sliall provide Lessnr with proofof liabiliry insuranx before thc Temi begins.4iabitity insutance shali be in an amount ottwt kss •
<br /> � than 51.000,4Q0.for each occurrem;c.
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<br /> ; 1Q. blaintenaner:Lasec shal!maintain 1he Fremiscs in sn or+leriy manncr and wip haul�H�y mry and all teush made by Lcssee,its customcrs,and �--
<br /> ' vendors prior to vapting the Prcmises. '
<br /> � I 1.Optloa:FoYbwing the Initia{Lessc Puial,this Agrecment will remain in ellect for an additionsl five years("f?ption Period"I.How�ever,iF txssce
<br /> I notifies Lessor 30 days in advanoe ofa particular yeaz during�he(3ption Period tl�at l.essee elects�o not c�cercise its option for that year,Lessee will not A
<br /> be roquirai�o pay renf far�hat ymr,end Lessorwill be free to rent the Premises io somcone etsc far that year,snbject to lxssee's rigfi�of first refusal su
<br /> fonh betow.Such etection wilt not aflea sabsequent ycars.In i!re cvrnt that[.essee elec�s to not exetcisc its option for a particular ycu,Lessee has ihe
<br /> i exzlusivo right ofrefusel to match anyand alI ofTers to Itace the Premises during thss year.Lessor shaU notiiy Lessee in wriiing otsrry such ot1'er and the
<br /> i tmns thercof,and provide l.essee thirry•days ro elect to exercise or waive the right of first refusel.
<br /> � 12. Noo-ecimpetr:Lasor agrees to not seq or permit the sato of firewocks by anyom;ather than I.ess�Y on any property owned or lcased by Lessor �
<br /> i Nithin 2 mites of tho Premises.
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<br /> i 13.Can+eelvtion: tf the Pmmiscs is sold,masfir 1�on a long te►m besis athtt than fa the sak af fiteworks,or the taw is changed to prohibit the !
<br /> salc of 6rc�+rotkc for a!I rcrtraining Trnns,this Agtnement may be eance{ed by either party providing thiriy days aritten notice!o the othcr pany. 1
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<br /> IN WfTNESS WHEREOF,Lessor and txssee hsve each caused�his Agrecment to be executed and ro take efiect t�of the date fust abovc�ritten,as
<br /> evidenxd 6y the signatures of their mspectivc duty authorized representatives appcaring hetoK.
<br /> 6a1 Fireworks,lncorponted{Lessee) �G'��`1�- �.�4-�- {Lessorf
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<br /> SiQo�tcrc Signatnrc
<br /> Rkkv dn6naon Yice-Presidtut �! �.'.�k.. N� ��'i� ���y,,�
<br /> name acd TiUe N�rae sod Ttde
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<br /> Oate Si�ocd Date Signed
<br /> Beforc me.�he undersigneA Notary�public.personalty oppcare,t -Q/�6.:..rlez,,,,. ,�own to me to be the person who
<br /> exccuted thc foregaing i,ease pgreem,�y�t,and sheThc acl:naw•kdged to and M:fore m¢ihIIt shGhc executed such instrument and a
<br /> �hcoeHi�h. gms to fully compl�.
<br />� IN WC{NESS HEREOF.1 ha��e sd my hand and scal this___.�_�
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<br /> � canner
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