Web Hosting by Netfirms | Free Domain Names by Netfirms

8523COMMERCIAL LEASE

This lease is made between Corsair Holdings, Inc.

located at 34 Danville Crossing Ct, The Woodlands, TX. 77385, herein

called Lessor, and _____________________________________located at

_______________., ____________, TX. ________, herein called Lessee.

Lessee hereby offers to lease from Lessor the premises

situated in the City of Beaumont, County of Jefferson, State of

Texas, described as Six Hundred Seventy Two (14' x 48') Square Feet of

Luminated Advertising Space located at 8310 Eastex Freeway, Beaumont,

TX. 77708, upon the following TERMS and CONDITIONS:

1. Term and Rent. Lessor demises the above premises for a term

of Twelve(12)Months, commencing _______________ and terminating on ________________ as provided herein at the annual rental of ($0.00) payable in equal monthly installments of $ ________in advance on the first day of each month for that month's rental, during the term of this lease. All rental payments shall be made to Lessor, at 34 Danville Crossing Court, The Woodlands, TX. 77385. A Fifteen (15) dollar penalty will be assessed for payments not received by the tenth (10^th)of each month. An additional $5 per day will be added until the payment has been received. The lessee will have the option to renew the existing lease for ___________ years. The lessor will not be required to invoice lessee monthly, hence lessee is expected to remit payments on a monthly basis and the contract shall act as the invoice for the duration of the contract as specified above.

2. Use. Lessee shall use and occupy the premises for Advertising Space Only. The premises shall be used for no other purpose. Lessor represents that the premises may lawfully be used for such purpose. In addition, lessee must present all advertising copy to lessor for approval before any sign is displayed. Lessor retains the right to reject any advertising graphics or text which the lessor determines to be offensive or inappropriate for public display.

3. Care and Maintenance of Premises. Lessee acknowledges that the premises are in good order and repair, unless otherwise indicated herein.

and:

That Lessor is not responsible for damages from acts of nature nor by theft or vandalism. Lessor will however maintain the structure and lighting and in the event of acts of nature which restrict the view, the lessor will be allowed a reasonable amount of time to make repairs to said property.

4. Alterations. Lessee shall not, without first obtaining the written consent of Lessor, make any alterations, additions, or improvements, in, to or about the premises.

5. Ordinances and Statutes. Lessee shall comply with all statutes, ordinances and requirements of all municipal, state and federal authorities now in force, or which may hereafter be in force, pertaining to the premises, occasioned by or affecting the use thereof by Lessee.

6. Assignment and Subletting. Lessee shall not assign this lease or sublet any portion of the premises without prior written consent of the Lessor, which shall not be unreasonably withheld. Any such assignment or subletting without consent shall be void and, at the option of the Lessor, may terminate this lease.

7. Utilities. All applications and connections for necessary utility services on the demised premises shall be made in the name of Lessor only, and Lessor shall be solely liable for utility charges as they become due, including those for sewer, water, gas, electricity, and telephone services.

8. Possession. If Lessor is unable to deliver possession of the premises at the commencement hereof, Lessor shall not be liable for any damage caused thereby, nor shall this lease be void or voidable, but Lessee shall not be liable for any rent until possession is delivered. Lessee may terminate this lease if possession is not delivered within 30 days of the commencement of the term hereof.

9. Indemnification of Lessor. Lessor shall not be liable for any damage or injury to Lessee, or any other person, or to any property, occurring on the demised premises or any part thereof, and Lessee agrees to hold Lessor harmless from any claim for damages, no matter how caused.

10. Eminent Domain. If the premises or any part thereof or any estate therein, or any other part of the building materially affecting Lessee's use of the premise, shall be taken by eminent domain, this lease shall terminate on the date when title vests pursuant to such taking. The rent, and any additional rent, shall be apportioned as of the termination date, and any rent paid for any period beyond that date shall be repaid to Lessee. Lessee shall not be entitled to any part of the award for such taking or any payment in lieu thereof, but Lessee may file a claim for any taking of fixtures and improvements owned by Lessee, and for moving expenses.

11. Lessor's Remedies on Default. If Lessee defaults in the payment of rent, or any additional rent, or defaults in the performance of any of the other covenants or conditions hereof, Lessor may give Lessee notice of such default and if Lessee does not cure any such default within 30 days, after the giving of such notice (or if such other default is of such nature that it cannot be completely cured within such period, if Lessee does not commence such curing within such 30 days and thereafter proceed with reasonable diligence and in good faith to cure such default), then Lessor may terminate this lease on not less than 10 days' notice to Lessee. On the date specified in such notice

the term of this lease shall terminate, and Lessee shall then quit and surrender the premises to Lessor, but Lessee shall remain liable as hereinafter provided. If this lease shall have been so terminated by Lessor, Lessor may at any time thereafter resume possession of the premises by any lawful means and remove Lessee or other occupants and their effects. No failure to enforce any term shall be deemed a waiver.

12. Security Deposit. Lessee shall deposit with Lessor on the signing of this lease the sum of __________________________________________, as first and last months rent as security deposit for the performance of Lessee's obligations under this lease, including without limitation, the surrender of possession of the premises to Lessor as herein provided. If Lessor applies any part of the deposit to cure any default of Lessee, Lessee shall on demand deposit with Lessor the amount so applied so that Lessor shall have the full deposit on hand at all times during the term of this lease.

13. Attorney's Fees. In case suit should be brought for recovery of the premises, or for any sum due hereunder, or because of any act which may arise out of the possession of the premises, by either party, the prevailing party shall be entitled to all costs incurred in connection with such action, including a reasonable attorney's fee.

14. Notices. Any notice which either party may, or is required to give, shall be given by mailing the same, postage prepaid, to Lessee at the premises, or Lessor at the address first written, or at such other places as may be designated by the parties from time to time.

17. Heirs, Assigns, Successors. This lease is binding upon and inures to the benefit of the heirs, assigns and successors in interest to the parties.

18. Subordination. This lease is and shall be subordinated to all existing and future liens and encumbrances against the property.

19. Entire Agreement. The foregoing constitutes the entire agreement between the parties and may be modified only by a writing signed by both parties. The following Exhibits, if any, have been made a part of this lease before the parties' execution hereof:

Signed this _____ day of __________________.

By                             By                           

Lessee Lessor