Exhibit 10.03
OFFICE LEASE
Lease Agreement entered into on the 1
st day of January 2004, between HOWARD R. BAER and the
Tenant named below.
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:
HOWARD R. BAER
2530 South Rural Road, Tempe, AZ
85282
TENANT:
HEALTH ENHANCEMENT PRODUCTS
INC.
2530 South Rural Road, Tempe, AZ
85282
BILLING
ADDRESS:
2006 East 5 th Street,
Tempe, AZ 85281
PREMISES:
Suite number:
8, 9, Small Office & 2
nd Conference Room
With or without additional secretarial space:
With
TERM:
Twelve (12) months
Commencement date:
1-1-04
Expiration Date:
1-1-05
RENT :
Monthly Suite Rent:
$
2050.00 + taxes
Total Monthly Rental:
$
2050.00 + taxes
Advance Rent due from
Tenant upon signing Lease:
$
.00
Suite security deposit:
$
.00
Telephone security deposit:
$
.00
1
2.
RENTAL PAYMENTS
. Tenant agrees to pay to Landlord
monthly rent installments for every month during the term of this
Lease, by the 1st 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 day of each month in the
amount set forth above. If Tenant fails to pay any sum to be
paid by Tenant, Landlord may impose a late charge in t
