Exhibit 10.17
COMMERCIAL LEASE AGREEMENT
This Commercial Lease Agreement ("Lease") is made and effective
April 23, 2007
by and between RM LEE DEVELOPMENT CO. ("Landlord") and Carl P.
Ranno and/or
Smartworld Organics a subsidiary of American Soil Technologies,
Inc.
("Tenenat").
Landlord is the owner ofland and building known as Leased Premises.
Landlord
makes available for lease a portion of the Bulidlng designated as
18804 Titus
Rd., Hudson FL 34667 (the "Leased Premises").
Landlord desires to lease the Leased Premises to Tenant, and Tenant
desires to
lease the Leased Premises from Landlord for the term, at the rental
and upon the
covenants, conditions and provisions herein set forth.
THEREFORE, in consideration of the mutual promises herein,
contained and other
good and valuable consideration, It is agreed:
1. Terms.
A. Lease commencement date: May 1, 2007 Lease expiration date: April 30,
2008
C. MonthIy rent: $1,257.25 (rent $1,175.00 plus 7% sales tax:
$82.25).
Annual rent:
$15,087.00
first months rent prorated $__________ last months rent paid
$1,257.25
D. Additional rent: in addition to monthly rent, Tenant may be
required to pay
their pro rata share of the annual Solid Waste assessment. Tenant
will be billed
for such assessments annually along with a copy of assessment.
E. Security deposit: Tenant agrees to pay Landlord the amount of
$700 which
represents a security deposit, not to be used as last month's rent,
and will be
returned only upon Tenant fulfilling lease requirements and
vacating and leaving
the premises in original condition or better.
F. Late charge: Rent Is due on or before the first (1st) day of
each month. Rent
is late after the third (3rd) day of the month. Rent received after
the 3rd day
of the month will be charged a late fee of 10% $125.73. There is a
fee of $60.00
for any check returned by the bank for any reason. G. Other:
G. Other: Due June last month 628.63 & due July for last
628.63
2. Notice:
Landlord Address: R.M. Lee Development
Tenant Address:
18853 Titus Rd.
American Soil Technologies
Hudson, FL 34667
12224 Montague St.
727 868
3215
Pacoima, CA 91331
<PAGE>
AND PURPOSE OF
LANDLORD AND A TENANT WITH RESPECT TO THE PROPERTY. NEITHER
LANDLORD NOR
TENANT SHALL SEEK A JURY TRIAL IN ANY LAWSUIT, PROCEEDING,
COUNTERCLAIM, OR ANY
OTHER LITIGATION
PROCEEDING BASED UPON
OR ARISING OUT OF
THIS LEASE,
ANY RELATED AGREEMENT OR INSTRUMENT, OR THE DEALINGS OR THE
RELATIONSHIP BETWEEN LANDLORD AND TENANT. NETTHER LANDLORD NOR TENANT WILL
SEEK
T
