Exhibit 10.02
OFFICE
LEASE
This Lease Agreement entered into on the
1 st day of November, 2004, between The Baer Building
North “Landlord” hereby leases the Suite A101 at
described Property to Health Enhancement Products Inc.
“Tenant”. The Tenant hereby leases and accepts
from Landlord, the Leased Premises, upon the terms and conditions
set forth in this Lease and any modifications, supplements or
addenda hereto (the “ Lease ”), including the
Basic Provisions.
IN CONSIDERATION of their mutual promises
made herein, and intending to be legally bound hereby, the parties
hereby agree as follows:
1.
DEFINITIONS. The following words and phrases shall have the
following meaning wherever used in this Lease.
LANDLORD:
Evans Road, LLC, d/b/a The Baer
Building North,
The Baer Building
South,
2530 South Rural Road, Tempe, AZ
85282
TENANT:
Health Enhancement Products
Inc.
2530 South Rural Road, Tempe, AZ
85282
PREMISES:
Suite number:
A 101
With or without additional secretarial
space: N/A
TERM:
Two (2) – 90
months Totaling 180
Months
Commencement date:
November 1, 2004
Expiration Date:
April 30, 2012
RENT :
Monthly Suite Rent:
$ 8,700 + tax
Monthly Secretarial
Space Rent:
$
N/A
Total Monthly Rental:
$ 8,700+ tax
Advance Rent due from
Tenant upon signing Lease:
$
8,865.30
Suite security deposit:
$ 1 st Months
Rent
Telephone security deposit:
$ N/A
1
2.
RENTAL PAYMENTS
. Tenant agrees to pay to Landlord
monthly rent installments for every month during the term of this
Lease, by the 1 st day of each month, in the amounts set
forth above. If advance rent due from Tenant upon signing
Lease in the amount set forth above is due and payable, said
payment shall take place within 7 days upon signing of the Lease.
If a monthly Lease, in the amount set forth above, is due and
payable said payment shall take place upon signing of the Lease.
If a monthly secretarial space rent is also indicated above,
that payment will also be due on the first days of each month in
the am
