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. °i I � i <br /> ���: - - ° ri� ;�� � , � <br /> ., � � <br /> , , � � <br /> I ' <br /> , � REVER5E VENDING MA.CHINE LEASE - � <br /> I � <br /> This I.ease is en.tered into as of Feb `ruarq 13, 1987, between B&B CASH � <br /> GROCERY STORES, INC. , ("Landlard") and REYNOLDS ALUMINUM REC�CLING CQMPANY i <br /> ("Tenant'j) . . � <br /> . I ARTICLE I i <br /> , i � <br /> � PREMISES � <br /> � � <br /> I � <br /> 1.�01I Premises. Landlord demises and leases to Tenant, and Tenant takes ! <br /> fram Landlord space lacated at 1700 North Gall Boulevard, Zephyrhills, � <br /> Flarida,� consisting af approximately 204 square feet for the purpose of I <br /> aperating one i3' x 8' reverse vending machine, described or. the attachec3 � <br /> ExhibitlA, together �with ingress to and egress from �he space by Tenant, its � <br /> employees, customers, ar invitees and together with sufficient parking far � <br /> , Tenant's operations (collectively, the "Premises") . � <br /> ', , ARTICLE II <br /> II TERM � <br /> � <br /> 2;:01 Term. T'he term of this lease shall be fi��e years commencing an � <br /> the da'te the reversfa vending machine is in operation (the "E�fective I?ater') i <br /> and expiring five years thereafter. <br /> . � <br /> 2.02 Termina�ion. Either party shall have Che right ta terminate this � <br /> Iease ,o�n any anniversary date of the Effective Date by giving at least 6Q � <br /> days' ;g�rior written notice to the other party �n the manner provided herein. ; <br /> i <br /> .' � ARTICLE III ! <br /> I <br /> � j REI�T <br /> � <br /> 3�OI Rent. Tenant agrees to pay to Landlard rent of $�OQ per month, <br /> payable on the first day of the month in ai3vance, coimnencing on the Effective <br /> Date,, � The rent shall be i.ncreased on the first anniversary date of the � <br /> Effective Date and on the thi•rd anniversary daLe of the Effective Date at the <br /> rate oif $300 per year, which increase shall be paid in equal monthly j <br /> installments af $25 after the first anniversary date and $SO after the third <br /> anniversary date. In addition to the foregoing amount, Tenant agrees ta pay <br /> to Lan�dlord, together with each manthly installment of rent, the amount of <br /> Florida Sales Tax (currently 5.25%) levied by the State of Florida on rantal <br /> paymen�ts received by Landlord. <br /> �� <br /> t� <br /> ARTICLE IV <br /> , i USE � <br /> i <br /> � <br /> ;4.OI L'se. The Premises shall not be used for any purpase other than I <br /> the installation and operati.on of a reverse vending machine far the puzchase � <br /> and �,processing of aluminum cans to be recycled. <br /> a <br /> ' �! <br /> , I � <br /> RA,R 9 I _�_ <br /> 1 <br /> i � <br /> � <br /> { � <br />