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<br />LEASE TO PURCHASE OPTION AGREEMENT
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<br />This Lease to Purchase Option Agreement ("Option to Purchase Agreement") is made on:
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<br />Month: October, day: 22, and year: 2007.
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<br />Between: RALPH G. UGO, d/b/a, ASSET & PROPERTY MANAGEMENT ofT AMP A BAY, INC. ("the
<br />SellerlLandlord")
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<br />And: WALTER KANYERENTERPRlSES,L.L.C. d/b/a, SERV-STARRESTORATION & WATER
<br />DAMAGE SERVICES (the BuyerlTenallt/Lessee)
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<br />WHEREAS, SellerlLandlord is the fee owner of certain real property being lying and situated in Pasco
<br />County, in the State of Florida, such real property having a street address of 4802 & 4804 6th Street,
<br />Zephyrhills, Florida, 33541, (the "property")
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<br />WHEREAS, SellerlLandlord' and BuyerlTenant together execute this Lease To Purchase Option Agreement.
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<br />1. LEASE COMMENCEMENT: Assuming SellerlLandlords is in receipt of non-refundable fee, first month lease payment,
<br />security deposit, last month lease payment, certificate of insurance, occupancy shalt take place, November 10, 2007.
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<br />2_ ACTUAL LEASE COMMENCEMENT: the commencement of this lease to take: place the latter ofNovmlbcr 01, 2007 or
<br />the first day of the month following Lessor's receipt of non-refundable fee, first month lease payment, security deposit, last month
<br />lease payment. All other tenns and conditions of the to be executed, Lease to Purchase Option Agreement shall remain in full force
<br />and effect.
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<br />3. TERM AND RENT: Lessor demises the above premises for a tenn of 3 years, commencing November 01, 2007 and
<br />terminating on October 31,2010, or sooner as provided herein. Lesseerrenant will pay rent in advance onIbefore the first day of the
<br />month. Rent will increase each year, on the onniversllI}' of the starting date in paragraph 3.
<br />A. The actual rental payments of ($2,500.00), + Florida sales tax ($175.00) = $2,675.00 per month), payable in equal
<br />installments in advance onlbefore the first day of each month for that month's rental, during the first (1) year of this lease.
<br />B. The actual rental payments of ($3,000.00), + Florida sales tax ($210.00) - $3,210.00 per month), payable: in equal
<br />installments in advance onlbefore the first day of each month for that month's rental. during the second (2) year of this lease.
<br />C. The actual rental payments of ($3,500,00), + Florida sales taX ($245.00) = $3,745.00 per month), payable in equal
<br />installments in advance onlbefore the first day of each month for that month's rental, during the third (3) year ofthis lease.
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<br />All rental payments shall be made to Lessor, at the address specified herein.
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<br />Payment address: Direct deposit to account # 30007400, Asset & Property Management of Tampa Bay, Inc. % First National Bank Of
<br />Pasco.
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<br />4. USE: Lessee shall use and occupy the premises for hardware lUld storage space, showroom with offices. The premises shall
<br />be used for no other purpose. Lessor and Lessee agree that the premises may be used for such purpose.
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<br />S. POSSESSION. If Lessor is unable to deliver possession of the premises at the commencement hereof, Lessor shaH not be
<br />liable for any damage caused thereby, nor shall this lease be void or voidable, but Lessee shall not be liable for any rent uotil
<br />possession is delivered. Lessee may terminate this lease ifpossession is not delivered within 90 days of the commencement of the
<br />term hereof.
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<br />6. PAYMENT: Landlord and or direct deposit, must receive Payment, on or before the due date. The staning rent shall be due
<br />on or before the (first), 01 day oftbe month. In the event the rent is received more than (5) days late, a late charge of $125.00 shall be
<br />due. Tenant lDlderstaods tbat this IIlllY require early, mailing and or deposit. In the event a check bounces, Buyer/Tenant agrees to pay
<br />a $65.00 charge. In the event a check bounces, Landlord may require cash or certified nmos, present and/or fi.1ture payments.
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