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LEASE AGREEMENT /0) A - ~ -svJf~ THIS LEASE AGREEMENT made and entered into this 1st day ofMay, 2003 by and between William F. Nye and Andrea R. Nye, 5306 Fox Hunt Drive, Wesley Chapel, FL 33543, (813) 973-4256, hereinafter called the Landlord and Michael L. Mann and ~erein after called the Tenants. WHEREIN, IT IS ~~RSTOOD, STIPULATED, COVENANTED AND AGREED, By and between the parties as follows: 1. DESCRIPTION OF PREMISES: Landlord hereby leases and demises unto the tenant the premises known as Northside Plaza, 6305 Gall Blvd, Zephyrhills, Pasco County Florida 33541 being one of two rental wits located in the building, owned by William F. and Andrea R. Nye, the Landlord, situated at 6305 GaD Blvd and containing approximately 1,200 square feet. The Tenant is also granted the right in conjunction with other tenants to use the common parking areas, driveway, hallway, sidewalks and means of ingress and egress subject to the limitations set forth below. Tenant shall be subject to reasonable rules and regulations for use thereofas prescribed from time to time by Landlord. 2. TERMS: The terms of this lease shall be for a period of One. Year, commencing on the~ 0.~~03J~A ~ting on the 1st day of May 2004. Lease y~fined. tfi~ term "traiJ year" as used in this Lease shall mean a period of twelve (12) full consecutive calendar months. The fIrst lease year shall begin on the date of commencement of the term hereof if the date of commencement of the term hereof shall occur on the first day of a calendar month; if not, then the first lease year shall commence upon the first day ofthe calendar month next following the date of commencement upon the anniversary date of the fIrst lease year. 3. RENT: The tenant shall pay to the Landlord, a monthly rental of$I,OOO, plus applicable state, and/or local sales tax, (now 6%). $1,060 due upon execution of this lease, for the first month's rent, and N/A for the last month's rent, said monthly rental being payable in advance. Said monthly rental shall commence of the first day of the term of this lease as described in the preceding section with rent to be pro- rated to the first of the month. Applicable state sales tax to be added to the base rental amounts. Rent to be due and payable on the first day of each month. Any payments not received by the fifth day of the month wiD accrue a penalty of 5% as liquidated damages to cover the Landlord's additional charges. This will be added to the rental amount due. Tenant agrees to pay this penalty if rented amounts are not paid timely as per lease t~rms. 4. SECURITY DEPOSIT: On execution of this Agreement, Tenant has deposited with the Landlord $1,000, receipt of which is hereby acknowledged by the Landlord, as security for the faithful performance by the Tenant of the terms hereof. Landlord shall hold said deposit without liability for interest. Any damages to the property, beyond normal wear and tear, and to the equipment located thereon, shall be