This Lease Agreement involves
Title: LEASE AGREEMENT
Industry: Communications Equipment Sector: Technology
This LEASE AGREEMENT (this “ Lease ”), dated September 13, 2007 for reference purposes only, is made by and between William H. Channell, Jr. and Carolyn Channell (collectively, “ Lessor ”), on the one hand, and Channell Commercial Corporation, a Delaware corporation (“ Lessee ”), on the other hand.
WHEREAS, Lessor and Lessee wish to enter into a lease for the Premises (as hereinafter defined), on the terms and subject to the conditions set forth herein;
NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
1. Premises. Lessor hereby leases to Lessee, and Lessee hereby leases from Lessor, during the term and for the rent amount provided herein, and on the other terms and subject to the other conditions set forth herein, that certain real property situated in the County of Riverside, State of California more particularly described on Exhibit A hereto (the “ Premises ”).
2. Term. The term of this Lease shall commence on September 13, 2007 (the “ Commencement Date ”) and shall end on December 31, 2015 (the “ Original Term ”), unless sooner terminated pursuant to the terms hereof.