EXHIBIT 10.14
SIX MONTH REAL ESTATE LEASE
AGREEMENT
This Lease agreement is made
effective as of the 1st day, of July 2005, by and between MELVIN
TERREL NETHERY and John A. Bennett (“Landlord”), and
Signature Special Event Services (“Tenant”). The
parties agree as follows:
1. PREMISES .
Landlord, in consideration of the lease payments provided in this
Agreement, leases to Tenant WAREHOUSE BLDG. Located at KENTUCKY
STREET, SHELBYVILLE, SHELBY COUNTY, KENTUCKY.
2. TERM . The lease
term shall commence on 1st of July and shall terminate on 31st of
December.
3. HOLDOVER . If
tenant maintains possession of the premises for any period after
the termination of this lease (“Holdover Period”),
Tenant shall pay to landlord a lease payment for the Holdover
Period based on the terns of the following paragraph, Such holdover
shall constitute a month to month extension of the
lease.
4. LEASE PAYMENTS .
Tenant shall pay to Landlord $4,000 per month for a period of six
months; which will be paid three months in advance in the amount of
$12,000, starting June 1st and the last payment due on
September 1st 2005.
Such payments should be made to
Landlord at
KENTUCKY BRANCH,
305 KY St. Shelbyv ille KY
40065.
Or mail to 100 Shelby Hall Dr
Shelbyville KY 40065.
5 . LATE PAYMENTS
Tenant shall also pay a late charge of $100.00 for each monthly
payment that is not paid within 10 days after the due date for such
late payment.
6, POSSESSION . Tenant
shall be entitled to possession on the first day of July 1st
and shall yield possession to Landlord on the last day of the term
of this lease, unless otherwise agree by both parties in writing
Tenant shall give landlord 60 to 90 days notice of departure
date.
7. REMODELING OR STRUCTURAL
IMPROVEMENTS . Tenant shall have the obligation to conduct
any construction or remodeling (at Tenant’s expense) that may
be required to use the premises as specified above, and may
construct such fixtures of the premises (at tenant’s expense)
that appropriately facilitate its use for such purposes. Such
construction shall be undertaken and such fixtures may be erected
only with the prior written consent of Landlord which shall not be
unreasonably withheld. At the end of the lease term, Tenant shall
be entitled to remove (or at the request of Landlord shall remove)
such fixtures, and shall restore the premises to substantially the
same condition of the commencement of the lease.
8. ACCESS BY LANDLORD TO PREMISES
. Subject to Tenant’s consent (which shall not be
unreasonably withheld), Landlord shall have the right to enter the
premises to make inspections, provide necessary services, or show
the unit to prospective buyers, mortgagees, tenants or workmen. As
provided by law, in the case of an emergency, Landlord may enter
the premises without Tenant’s consent.
9. UTILITIES AND
SERVICES Tenant shall be responsible for all
