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Mav, 30. 2011 12;44PM GALAXY FIREWORKS No. 53$& -`P.�� <br /> , ' ` LEASE AGREENJENT <br /> 'Ihis i.ease Agreemcnt is tnared Inro as of fie. 10� _day bf Mar�Jy� . 20��by and between the�mde[slgaed Lasso[and Gaiaxy <br /> Ficewocia,[nc.fl Flotids Cotpvr�(on,h8ving its priacipzl place of buaine;s at 264'E.i.tt Ih.Maten Lttthar K+nB,Jr.$oule�ard,Tetapa�jarida 33603 <br /> ("l.essce(s)"}for the putpose of���shing the serms and wnditions by which Leswr leases ceaain propeny to Lessee- <br /> In consideration vfthe foilou�g co.ensats and conditions,and qf othe�considetation the[ewipt andsnf6ciency ofwhich e=c eclmoaied�d,Lessor and <br /> Lessee agrea u follows <br /> 1.Premises Locatlou:71�e prapaty fhet is d�e subject of this Leasa A�eemem(tlw"Prcmisus'�4s lxeted at the following addass , <br /> 594 p q 1 � <br /> 2 Oteapaaey:Lessoi rep�sents and A'a+rmtts tltat it mwc the Prmui6a,end Lessa Lereby�nb I.eux the ocelusive right ro oxupy and use tl�e <br /> Premises undistur6eddurinSeachTerm(estiereinafterdafined),aecessthereto(includin�d�ertghsto cross mnro,mding propet0'belongm�mLessor,if <br /> any),eMog�n1h all o�a righa pmvided tn a[enant under ffia[aws of the staze of Florida <br /> 3.Ferm:.'Ihe periods during which S.essce will be mtided w occapy the P[emisce C"fecm5'�aze as follows; <br /> Term 1 is froat 7une 75th 2b11 imtil u�}v 7th.2011:Tsim 2 is&om Aec.lSth 7dt1L rontll tenvacv�°2012�`IaiealI.easePeriod'�20I1- <br /> 2016, ThetcafleroecopencywiRbade[etminedbyLessaa'selepionpursuantroSectionll.ihisA�+nattsl�aUwnGaweinfullfaraoadeffectunu7 <br /> the Option Pesiods id�ntified'm 5eaion 11 below expice; <br /> 4.lUsa T.essce snay use tLe Pramises oo sall seasaaal prodncfs,including but not limimd t��3reweda end icems incidenml�herao. <br /> 5.lteet;Lessee will pay Le�sor the sum of 52.600.00 fot Term 1 and$1�i4,QQ for kmt 2 whic]t will Ee due sTtd payable oa the first day of the <br /> applitable Tetm. <br /> 6.Permlts:[.assaaagceesrosequyeecryendallpem,i�cequiredbygovemingeuy�oridesf�I.asedsintendeduseoftheP�n�scs.Ift�epermitsare <br /> aotapprovedforatryreason,thisA,giumcncwjitbenullendvaid,anda[Idap�ipwlllbezcfundcdmLfssae,tf,aRaranyaxessmypermitshavebeen <br /> �uod ro Lassea,Lessee is pr�e�ed fram using ebe Piemises for the imanded pcayosa afulliog f,mvmFs daring ar�ypmtafa Tambeeausaofen act of <br /> God,war,e�ccccutivo ordcr,wd'mence,change fn law,orotberreason hoyo�d Lcssor'a orLessee�e w�rol,[.essae wi�1 ba relieved ofits abliguion to pay <br /> Iene for thsc 7�nn,and a�ry reat paid tbt that Tami will aither be nfundrd to L�csee or applied m the r�ext Tetm,es trssar ctwoses.Lessor shaJl m� <br /> dtat ahoiee und noli�Lossx within 2ea days of being iniom�ed by I.ass�e thac it has been pteventad from using tLe Pcanises. <br /> 7.Iudcmoifieafion:Lcssee slm11 indemnify and hold Lessorhumlass from�+u��d ap actio�and claims resuhingd�m�dsoldy from l.essea's ase <br /> of 1he P�em�ses,inaiuding but not lirolted to claims by Lessee's licensxs,or iavitee,enfl tre5pas5etS. <br /> S. Fiztares:A11 stmcturos(including trnu)shal!ba plecad an d�a Promisas unda thc appiovai of Lessor. AuyHlscemc+ik sLaIF noc iaterfere widt <br /> Lusor's use of praperry surround'ug tl�e Qremfses.pnp msmli�n shaD nar dan�ge s�ry of the Lessor's improveme�on ehe Pnemis�a. <br /> 4.IacaraneaLesseeshallprovidel.�ssorWiehproofofliabilNyinsn�ocebeforttlfeTermbegins.Liabiliq�iasuranceshalibeiaanamoantofnottese <br /> thm$1,060,OD0.for caah axurren�a, <br /> 10.�Sataknaoee;Lessee shal(maintain tha Pramises h�an ordnly mannc end.m71 Laul awaY anY and e�l uash m�e hy L��seq its customers,and <br /> vsndon priM ro vaceiing d�e Pcemisas, <br /> 1 t.Option:Followtingthe inidsl I.eass Parlvd,this Ageemcot will remain in efl�ct fvr an�dditional5ve yeazs("Optian PerioQ").Aowever,ffI.assee <br /> aotifia Lessor 30 days in advenceofa panicu�aryesr duiing Uu Ophon Paiod tLat Las�elects w�t exucice its option for that}�ear,l.essae will not , <br /> be required ro p�y rent for thatyes[,aud Lessar will 6e$atr�ecut the Ptemisac to someone else for that yea[,subjatto Lessee's right affnst rafa�al sa <br /> forthbxtow,SuchelecrionwIDaocaffeccsu6sequeocywzs.iatheeventtEatLesseeOJecuoanaeewerciseitsoptionfoeaparciculary�r,L�ssee6ast�e <br /> exclusivasighrotrefi�sa(toaarchenvanda{Ioffersrolwset�ePremisesduringmatyear,Leswrsh•i1n�fY�����Sofmrysuchaffer�dthe <br /> terms�herevf,and pro�ide Lessx ehirty days W elect to cxercise or waice the right of fitsc�efLLsel• <br /> 12. Non�ompete:Lessor agcaes so not sei Qr pe+mit the sele oE fvavrorks by anyona ot6a�thw�L�sse�an anr property owned or lcssed by I.essor <br /> wrthfn 2 miles of the Premis�. <br /> 13.Cancelladoa:If the Premises is sold,meshx leaaul on a loag tenn basis other thsn for�sele offirnvotks,or tha lnw is chwged to prohibit the <br /> sale of fireworks for sU iemaining Tenns.this A�certdttmay be canceled by ezthei puty p[wid'u�thirty days w�it0en nodce m the other pBtly. <br /> (AI WIrNESS wFi�RkOF,I.essor aad[.essee have a+eh�used�yls Ag�amnrtto be exacuted anA m�s1ca effece as of the da�fitst oboYe wriaen,as <br /> evidenud by tl��sigKetures of their respeCtive duly suthorizod mp�swffi&ves appearing balaw. <br /> Ga Firewacks,Tneorporated(I.essce) �«�`h 2' �`-�`� (x+�o�) <br /> �,; + sy; � Y�"�` <br /> srennrore s��e� <br /> ,�[i�kv lohnsnn.Vit Pres4de [ �"1�w "�" ���� ��" `�"-'y� <br /> Nbme 8nd Itk Plame and TitlO <br /> �—��O �� �� �L�s� <br /> Aah�igotd Date 5igned <br /> Before ma�he vade�si�a,ed Nofary Publ�a pe[wn�lly ayye�ed_. 'lw,e� knawn to me m to the petson who <br /> execttted the fomgoing Lease Agreement,and shelhe acknowl to and beSore me fhat sheJhe exrsuad such insvument and egr«s m fiilly comp�v <br /> therawish, �/ <br /> � 1N Wf!'NFSS HEREOF,d 1»�re set tt4'hm�d and aeal this' T�day of � � .�JJ_- <br /> Notarv Public,Sm+n of Flortda �ti;;�,'� PATRICK D.COOK <br /> ;,, �runiss}on DD 745420 <br /> My Commiss�on E�a�s ir¢s April 3.2012 <br /> � ''.�Rt;�����tarncrc;nnasv�eocs�o+a <br /> �� <br /> 1 <br />