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Title: |
Lease Agreement |
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Entities: |
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Date: |
2006 |
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Size: |
Preview shows 5KB of 57KB total |
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Price: |
$42 |
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ID: |
#1210354 |
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<SEQUENCE>2
<FILENAME>ex10_iid1.txt
<DESCRIPTION>EXHIBIT 10.II(D)(1)
<TEXT>
LEASE AGREEMENT
THIS LEASE, made and entered into this the day of , 2005,
------ ----------
by and between POMEROY INVESTMENTS, LLC, a Kentucky limited liability company,
with its principal place of business located at 903 Squire Oaks Drive in Villa
Hills, Kentucky 41017 ("Landlord") and POMEROY SELECT INTEGRATION SOLUTIONS,
INC., a Delaware corporation, with its principal place of business located at
1020 Petersburg Road, Hebron, Kentucky 41048 ("Tenant").
WITNESSETH:
WHEREAS, it is the intent of Landlord to construct a new building
comprising approximately 69,364 square feet, which shall be situated adjacent to
the buildings that Landlord currently leases to Tenant's parent company, Pomeroy
IT Solutions, Inc., at 1020 Petersburg Road, Hebron, Kentucky ("Buildings A and
C") and 1050 Elijah Creek Road, Hebron Kentucky ("Building B") respectively; and
WHEREAS, Landlord desires to lease such building to Tenant, as more
particularly described herein, and Tenant desires to lease such building from
Landlord under the terms and conditions set forth in this Lease.
NOW THEREFORE, the parties desire to enter into a Lease defining their
respective rights, duties and liabilities relating to the premises.
IN CONSIDERATION of the mutual covenants contained herein, the parties
agree as follows:
1. PREMISES. Landlord will be the owner of 69,364rentable square feet, which
is to be constructed and located at (STREET ADDRESS TO BE INSERTED UPON
COMPLETION OF CONSTRUCTION) in Hebron, Kentucky 41048.
The leased space shall consist of office and warehouse space, together with
fixtures and other improvements thereon, consisting of approximately 69,364
rentable square feet (hereinafter referred to as "Leased Premises" or "Building
D") and more particularly described on Exhibit , attached hereto and made a
---
part hereof by reference. Building D shall be for the exclusive use of Tenant,
its agents, representatives, employees and invitees for office/retail/warehouse
and related uses.
Landlord represents and warrants that it will be the owner in fee simple of
Building D and that there are no covenants, restrictions or zoning or other
regulations which will prevent, or will be violated by, this Lease or the use of
the Building D as contemplated herein during the term hereof.
2. TERM. The term of this Lease shall be for a period of ten (10) years,
beginning on the date upon which Tenant takes occupancy of Building D
("Commencement Date"), and terminating exactly ten (10) years thereafter
("Termination Date") unless either terminated sooner as provided herein or
extended for additional renewal term(s) pursuant to terms provided herein.
3. BASE RENT. During the term of this Lease, Tenant shall pay base rent as
follows for Building D:
<TABLE>
<CAPTION>
(A) 20,000 SQUARE FEET OF OFFICE SPACE
<S> <C> <C>
Year 1 20,000 sq. ft. office space @ $5.00/sq. ft. $8,333.33/month
Year 2 *2% increase . . . . . . . . . . . . . . $8,500.00/month
Year 3 *2% increase . . . . . . . . . . . . . . $8,670.00/month
Year 4 *2% increase . . . . . . . . . . . . . . $8,843.40/month
Year 5 *2% increase . . . . . . . . . . . . . . $9,020.27/month
Year 6 *2% increase . . . . . . . . . . . . . . . $9,200.68/month
Year 7 *2% increase . . . . . . . . . . . . . . $9,384.69/month
Year 8 *2% increase . . . . . . . . . . . . . . $9,572.83/month
Year 9 *2% increase . . . . . . . . . . . . . . $9,763.83/month
Year 10 *2% increase . . . . . . . . . . . . . . $9,959.11/month
</TABLE>
1
<PAGE>
<TABLE>
<CAPTION>
(B) 29,364 SQUARE FEET OF WAREHOUSE SPACE
<S> <C> <C>
Year 1 29,364 sq. ft. warehouse space @ $3.00/sq. ft $7,341.00/month
Year 2 *2% increase . . . . . . . . . . . . . . . . $7,487.82/month
Year 3 *2% increase . . . . . . . . . . . . . . . . $7,637.58/month
Year 4 *2% increase . . . . . . . . . . . . . . . . $7,790.33/month
Year 5 *2% increase . . . . . . . . . . . . . . . . $7,946.14/month
Year 6 *2% increase . . . . . . . . . . . . . . . . $8,105.06/month
Year 7 *2% increase . . . . . . . . . . . . . . . . $8,267.16/month
Year 8 *2% increase . . . . . . . . . . . . . . . . $8,432.50/month
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