EXHIBIT 10.7
This instrument was prepared
by
and should be returned
to:
Thomas N. Henderson, III,
Esq.
Hill, Ward & Henderson,
P.A.
Bank of America Plaza, Suite
3700
101 East Kennedy
Boulevard
Tampa, Florida 33602
LEASE TERMINATION
AGREEMENT
This Lease Termination Agreement
(the “Termination Agreement”) is made this 13th day of
December, 2005 (the “Effective Date”) by and between
COASTAL HILLSBOROUGH PARTNERS, L.L.P., a Florida limited liability
partnership (“Landlord”) and SRI/SURGICAL EXPRESS INC.,
f/k/a Sterile Recoveries, Inc., a Florida corporation
(“Tenant”).
W I T N E S
S E T H :
WHEREAS, Landlord and Tenant are
parties to that certain Net Net Net Single Tenant Building Lease
dated as of February 25, 2000 (the “Lease”) for
certain space located at 12425 Race Track Road, Tampa, Florida
33626 (the “Premises”), as more particularly described
on Exhibit “A” attached hereto and made a part hereof
(except as otherwise defined, capitalized terms used herein shall
have the same meaning given to such terms in the Lease);
and
WHEREAS, pursuant to that certain
Purchase and Sale Agreement between Landlord and Tenant dated as of
December 13, 2005, Tenant is purchasing the Premises from
Landlord; and
WHEREAS, Landlord and Tenant desire
to terminate the Lease prior to its stated expiration date and
effect a mutual release of all rights, obligations and liabilities
thereunder as of the Closing Date;
NOW, THEREFORE, in consideration of
the sum of TEN DOLLARS ($10.00), the mutual covenants and
agreements made herein and for other good and valuable
consideration, the receipt and sufficiency of which is hereby
acknowledged, Landlord and Tenant agree as follows:
1. The foregoing recitals are true
and correct and are incorporated herein by reference.
2. The Lease is hereby terminated
and cancelled effective as of the Effective Date hereof, provided,
the parties expressly agree and acknowle
