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<br /> � , L A�E A�1�1�,�MENT �
<br /> ' Titis Lease Agreemant is entered into as oPtlie !4°i ay of March , 20 I1 by and between the undersignad Lessor and Galaxy ,
<br /> Fireworks,Inc.a Floridn Earporntion,having its principal lace pf business ac 204 East Dr.Martin Luther Kino,Jr.Boalavard,Tampa Fiorida 33603
<br /> ("Lessae(s}"}far the ptirpose of establishing the terms and onditions by which Lessor leases certain properry to Lessee.
<br /> ln cansideration ofthe fo7lowing covenants and conditions,�id of other consideration the receipt ancl sufficiency ofwl�ich are seimowtedged,Izssor And
<br /> Lessea agree as foIiows: �
<br /> !.1'reniises T.ocation:The property tt�flt is ti�e subject af Ni s Lease Agreernent(the"Premises")is(ocate,si at the folfawing address
<br /> 59h3 C3a11 Dlvd Za�ryhills,FI �
<br /> 2.Ocen�;�ncy:Lessor represents nnd warrants that it owns he Premises,And Lassor hereby grants Lessee the exciusive rigl�t to occupy and usa Chs �
<br /> Premises undisturbed dt�ring each Term(as hereinafter defn d},access thereto(includiu�tUe�i�hf to cross surraunding properry beianging to Lessor,if
<br /> �ny),along with nli ailier rigirts proviciect to a tennnt under th laws of the state of rlorrda.
<br /> 3.`I'cam:. The periods during wi�ich Lassee wilt be entiiled o occupy the Premises{"Terms")are as follows:
<br /> Tertn t is from .tupe 1Sth 20t I until Jti! 7ih 201 •Term 2 is from Dec, 1Sth 2011 until Januarv7'"20I2.("InitiatLeasePerioci'�2011-
<br /> 2016. Therea�er occttgauay wil!be determined by Lessee's e ection pursuattt to Section 1 I, fil�is Agree�nent slraf!continue in ful!force and effect anti!
<br /> the O�ation Periods identifed in 3ection i I below expire;
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<br /> �4. Use:I.essee may use the Premises to sei!seasonai produci ,including but not limiYed to fireworlcs and items incidentnl tl�erefo.
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<br /> 5. Renf:Lessee will pay Lessor tlie sum of �2,Q4Q.00 for Term t and�2,Sb0.00 for term 2 wliich wi[1 be due and payable on tfre firs!day of the �
<br /> applieable Tern�.
<br /> 6, Permits:Lassee agrees ta acquira any and aii parmits rec�uir d by goveming authorities for Lessee's inteaded use of the Prernises. !f the permits are '
<br /> not appraved far any zeason,this Agreement will be niill and vo d,and a!!deposits will be refunded to Lessea. If,a8er any necessary perrnits hava been
<br /> issued to Lessee,Lessea is prevented from using the Premises f r thc intended purpose of se32ing fireworics during any part afaTerm because ofan aet of
<br /> God,war,executive order,ordinance,change in is��,or otherre sun beyond Lessar's ar L�ssee's control,Lessee will be relieved af its obligation Yo pay i
<br /> rent far that Term,and any rent paid for that Temn will eitlier b refunded to Lessae or appliad to tlie next Tenn,as L.essor ehooses. Lessor shalI maice
<br /> that choice and notify Lesseo within ten days of being inform by Lessee that it has been prevented from using the Premises. �
<br /> 7.Tndemuification:Lessee s3ia11 indemnify and hold Lessorha� less from any and a!i actions and ciaims resuiting directly and solelyfrorn I.essee's usa i
<br /> ofthe Premises,including but not limited to claims by Lessee's licenseas,or invitee,and Crespassers,
<br /> 8. I;'ixfures:Alt structures{including tents)shall be placed on fhe Premises under tize approval of Lessor. Any placement shaI1 not interfere with ;
<br /> Lessor'�use of properly sunounding the Premisas, tlny insta(ia ion shall not damage any of the Lessor's improvements on the Premises. �
<br /> 9. Insur�nce:Lessee shall provide Lessor wlih proof bf liabitity surance before ti3e Term t�egins. Liability insuranca shall be in an unount of not less
<br /> thaa.$1,040,OOQ.foreaeh ooeurrence.
<br /> 10. Maiqteuance:Lessee sliatl mainiain tha Premises in an ord rty manner and will haul away any and all traslx made by�.essee,its castomers,and •
<br /> vendars prior to vacating the Premises. ;
<br /> ( 11. Qption;Following the Tnitiat Lease Period,Yhis Agreement w 11 remain in effect for an additional five years("Option Period°).I-Towever,ifLassee ,
<br /> notifies Lassor 36 days in advance ofa particular year durrng the ption Periad ttiat Lessae elects to not exercfsa its option for thut year,Lessee wiil not
<br /> be requi��ed to pay rent for tlrat year,and Lessor wiii be free to rent i�e Premises to someone e(se for that year,subject to Lessee's�ight of first refusa!set
<br /> � fotth below. Svch etection witi not af£ect subsequent years. Lt tl�e�evenf that Lessee elects to noi exercise its Qption far a parkicular year,Lessee has the •
<br /> exClusive right of re�'usal to match any and all offers to lease the Pr mises daring that year. Lessor si�afl notify Lessee in writing ofat�y such offerand die
<br /> tenns thereof,and pravide Lessee thirty days ta eteci to exarcise or waive fhe rigt�t of first refusal.
<br /> I2. Nun�coitnpeke;Lessor agrees to not sell or permit fhe sale of trewortcs by anyone otirer than Lessee on any property ownad or leased by Lessor
<br /> witt�i�l 2 miles oFthe Pramises.
<br /> 13. C#�nceilation: If tlia Pre�nises is sold,master leased on a lang term basis other than f�r tbe sate of firewortcs,or the law is changed ta prohibit tlie
<br /> sale of fireworics for atl ramaining Terms,this Agreement may be�anceled by eiiher parCy providing tlzirty days wriiten notice to the ofher pariy.
<br /> IN��ViTN�'SS WkIEREOF,Lessoc and Lessee have eac1�caused th�s Agreement to be executed and to talce ef�'eot as of tI�e daYe first above writCen,as �
<br /> evidenced by fhe signAtures of their resgective du(y authorized repr�sentakives appearing 6elow.
<br /> �a y 1�'ireworl�s,Tncorporated(Lesses} —}�i7��,�— }--�—�- (Lessor)
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<br /> Sigtzature --�--.,, Signature `
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<br /> RickyJol�nsoi�3,Viee-�resident ; ��'��d- I�''GQr��— (t��rWRr�"`�t� .
<br /> N�t�rid 1'itie �� � Name and Title •
<br /> ��� �.� G� � .i� ��� �
<br /> A—ate Si�ned Datc Signed
<br /> Befoce tne,ii�a undersigned Na[ary Public,personally uppeared '.G °�' ' c� �.1'G�+-� ,knawn to ma t�be the persan who
<br /> , exeaute�tl�e toregoing Lease A.greement,and shellie aelmawlerlvrft r An.�hAr.,.a....�•�-�-�_��_.. • � • • � _ _
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