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Equipment Lease

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Title:

Equipment Lease

Entities:

All American Pet Company, Inc.

Date:

2006

Size:

Preview shows 2KB of 10KB total

Price:

$38

ID:

#2387199

► Leasing ► Equipment Lease Agreements

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EQUIPMENT LEASE
WITH OPTION TO PURCHASE

THIS LEASE AGREEMENT made and entered into this ___day of March, 2006, by and between LINDEN BLACK and BEVERLY BLACK, herein referred to as Lessor(s) of First Party(ies) and BARRY SCHWARTZ and LISA SCHWARTZ, herein referred to as Lessee(s) or Second Party (ies);

WITNESSETH:

1. The Lessor does hereby rent and lease to the Lessee all of the equipment as listed on Exhibit A, attached hereto and incorporated herein by reference. Said equipment is located in Warehouse B at 5002 South 169 Highway, St. Joseph, Missouri 64507, which the Lessee has rented.

2. This Lease Agreement is on the following terms and conditions:

A. TERM: This Lease shall be for a period of Thirty-seven (37) months beginning on the 8th day of March, 2006 and ending on the 7th day of March, 2009.

B. RENT: The monthly rent for the first 36 months is Five Thousand Five Hundred Fifty Dollars ($5,550.00) per month, which the Lessee agrees and covenants to pay in advance without demand on the 8th day of March, 2006 and on the 8th day of each and every succeeding month thereafter during the term of this Lease; and the rent for the 37th month, or the last month of this Lease, shall be Two Thousand Five Hundred Fifty Dollars ($2,550.00). Shall pay first and last month rent in amount of $11,100.00.

C. LATE CHARGE: It is understood that each monthly rent payment is due of the 8th day of the month, as hereinabove provided, and any monthly payment that is not made and received by the Lessor within Ten (10) days after the same is due shall bear a later charge of Five (5) percent of the amount of said delinquent payment which the Lessee agrees and covenants to pay.

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