Exhibit 10.2


  


BUSINESS
LEASE AGREEMENT


FLORIDA PRECISION
AEROSPACE, INC


821 N.W. 57th
Place, Ft. Lauderdale, Florida


 


 


This Business
Lease Agreement (hereinafter referred to as “Lease”) dated this December, 14, 2018, is by and between BAUMWALD
HOLDINGS, LLC (hereinafter referred to as “Landlord/Manager”) FLORIDA PRECISION AEROSPACE, INC. (hereinafter
referred to as “Tenant”). This business lease agreement supersedes and replaces all previous leases and amendments.


 


W I T N
E S S E T H:


 


THAT FOR AND
IN CONSIDERATION of the mutual covenants and agreements herein contained, the parties hereto do hereby covenant and agree
as follows:


 


1. The Landlord
does this day lease unto said Tenant and said Tenant does herein lease from the Landlord, that certain space identified as 821/823
N.W. 57th Place, Fort Lauderdale, Florida 33309, containing approximately 8,966 square feet situated in Broward County,
Florida, and including all of the area adjacent to the demised property, to be used and occupied by the Tenant for the purpose
of manufacturing environmental products and for any other legal use, for the term of three years subject and conditioned on the
provisions of this Lease beginning November 1, 2018 ending on October 31, 2021. payable as follows:


 


A. $4,838.76 per
month from November 1, 2018 to October 31, 2021


 


                2.
The above and foregoing amount is for base rent only, and does not include the Tenant’s pro-rata share of insurance costs,
ad valorem real estate property taxes, personal property taxes, sales tax, common area maintenance, etc. These monies shall be
considered Additional Rent.


 


3. The monthly
base rent, as set forth above, shall be payable in equal monthly installments in advance on the first day of each full calendar
month during 






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said
three (3) year term, unless as otherwise set forth in this Business Lease


 





4. Tenant shall
pay in each tax year during the term, as additional rental monies, a proportionate share of all amounts payable by Landlord with
respect to real estate taxes, ad valorem taxes and assessments, general and special, or any other tax imposed upon or levied against
real estate, or upon owners of real estate, extraordinary as well as ordinary, foreseeable and unforeseeable, including taxes
imposed on leasehold improvements which are assessed against Landlord, payable with respect to or allocable to the entire premises
in question, together with the reasonable cost (including fees of attorneys, consultants and appraisers) of any negotiation, contest
or appeal pursued by Landlord in an effort to reduce any such tax, assessment above being collectively referred to herein as “taxes”.
Tenant’s proportionate share of real estate taxes is agreed by the parties to be 37.82% of the gross amount. For the tax
year in which the term commences or terminates, the provisions of this section shall apply, but Tenant’s liability for its
proportionate share of any taxes for such year shall be subject to a pro-rata adjustment based upon the number of days of such
tax year falling within the term. As used in this paragraph, “real estate taxes” shall be deemed to include, without
limitation, all federal, state, local, governmental, special district and special service area taxes, charges, assessments, ad
valorem taxes, and any other government charges, surcharges and levies, general or special, ordinary or extraordinary, of any
kind whatsoever (including interest thereon whenever same shall be payable in installments) that Landlord shall pay or be obligated
to pay arising out of the use, occupancy, ownership, leasing, management, repair or replacement of the entire premises of the
Landlord in question, any appurtenance thereto, or any property, fixtures or equipment thereon, as well as the taxes and costs
listed above. All such monies are to be considered additional rent.


 


5. When real
estate tax statements and insurance statements are issued, Landlord shall provide the Tenant with an accounting of the actual
costs, if requested. The Tenant shall pay to the Landlord, its pro-rated share of the above-mentioned costs for the premises in
question. Such monies are to be considered additional rent. The prompt payment of the rent for said premises upon the dates named,
and the faithful observance of the rules and regulations printed within this Lease, and which are hereby made a part of this covenant,
are the conditions upon which this Lease is made and accepted and any failure on the part of the Tenant to comply with the terms
of said Lease, or any of said rules and regulations now in existence, shall, at the option of the Landlord, be considered a forfeiture
of this Business Lease, and shall further be considered a forfeiture of the rights of the Tenant hereunder, and thereupon, the
Landlord, his agents or his attorneys, shall have the right to enter said premises, and remove all persons therefrom forcible
or otherwise.


 



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6. PAYMENTS


 


A. Rent:
The Tenant agrees to pay all monthly rental payments by no later than the 1st day of each month.


 


The Tenant agrees
to pay the November rent as set forth below, and such rent shall be as follows:


 


 


	Basic rent obligation	 	$	4,838.76
	Property tax	 	 	975.40
	Insurance	 	 	196.53
	Sales tax	 	 	348.62
	Total	 	$	6,359.62
	 	 	 	 













 


The Tenant understands
and agrees that the property tax pro-rations, the insurance pro-rations, and the sales tax will all change and be adjusted as
payments are made by the Landlord on a monthly, quarterly or annual basis. Such monies are to considered additional rent. 


 


B. Electricity
and Gas: The Tenant agrees that it will pay all charges for gas, electricity and/or other illumination used on said premises.
The Tenant will pay said bills directly to the provider (i.e., Florida Power and Light or any other provider). In the event the
Tenant is not now paying said charges directly to the provider, and in the event the Tenant is paying said charges to the Landlord,
the parties understand and agree that said payments to the Landlord shall always be considered “additional rent”.


 


		C.	Utilities:
                                         the Tenant will pay all separately metered utilities.



 


D. Taxes:
The real estate taxes shall be paid by the Landlord and the Tenant shall reimburse the Landlord for the Tenant’s pro-rated
share, as set forth above. The parties understand and agree that said payments to the Landlord shall to be considered “additional
rent”.


 


E. Sales Tax:
The Tenant shall pay any sales taxes imposed by the State of Florida, as well as any other similar taxes imposed by any governmental
taxing authority on the rental or use of the demised property. The parties understand and 


 



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agree
that said payments to the Landlord shall always be considered “additional rent”.


 


F. Trash Collection:
Tenant shall be responsible for the Tenant’s cost of the trash collection of Tenant’s trash.


 


G. Late Charges:
The Landlord and the Tenant agree that the Tenant shall have a three (3) day grace period in which to make a rental payment. The
Tenant agrees that the Tenant will pay a late charge of $25.00 per day for each day the Tenant is late with a rental payment beyond
the due date as set force above. Such monies are to considered additional rent. For example purposes only, if a rental payment
is due on the first day of the month, with the above and foregoing three (3) day grace period, said rental payment would have
to be hand-delivered to the Landlord by no later than the fourth day of the month, or if mailed by the Tenant, would have to be
received by the Landlord by the fourth day of the month, in order to avoid any late charges. If the payment is mailed to the Landlord,
the Tenant understands that the Landlord must receive said payment by the last day of the grace period to avoid late charges and
the Tenant shall not be allowed to argue that the envelope was post marked prior to the end of the grace period.


The Late charge will be calculated
from the date the payment was due (by the last day of the grace period) until the date that the payment was received, regardless
of whether or not the last day of the grace period falls on a Saturday, Sunday or legal holiday.


 


For example purposes only, if a monthly
payment is due on the first day of the month, and because of the three day grace period, the Tenant has until the fourth day of
the month to make said rental payment, and if the payment is received by the Landlord on the sixth day of the month, the Tenant
would pay and be liable for two (2) days of late charges from the sixth day of the month until the sixth day of the month, or
the sum of $50.00. The parties understand and agree that said payments to the Landlord shall always be considered “additional
rent”. `


 


H. Administrative
Costs: At the sole discretion of the Landlord, if a rental payment is not forthcoming when it is due and owing, the Landlord
may, at its sole discretion, prepare or have prepared for him, a Three Day Notice of Tenant Eviction which the Landlord will either
hand-deliver to the Tenant or post upon the premises, in which event the Tenant shall be responsible for an administration cost
of $250.00 for the preparation of said Three Day Notice of Tenant Eviction and/or any demand letter that may accompany same, and
said administrative cost of $250.00 shall be considered “additional rent”. Any administrative costs set forth 


 






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herein,
shall be separate and apart from any legal fees and costs which the Landlord’s attorney might incur, in the event a Tenant
Eviction Suit or Suit for Monetary Damages is necessary.


 


I. Other Expenses:
If the Tenant should fail to comply with any term or condition of this Business Lease Agreement, and if the Landlord should incur
any costs or expenses to perform the term or condition that was the obligation or responsibility of the Tenant, the parties understand
and agree that the Tenant shall immediately re-pay to the Landlord said monies paid by the Landlord because of the Tenant’s
breach, and any monies that may be due and owing from the Tenant to the Landlord shall be considered “additional rent”.


 


7. ASSIGNMENT


 


The Tenant shall
not assign this Lease, nor a portion of it, nor sub-let the premises, or any part thereof, nor permit the same, or any part thereof
to be used for any other purpose than as above stipulated, without the consent of the Landlord which shall not be unreasonably
withheld. However, in the event the Tenant should decide to “sub-lease” or “sub-let” a part of the premises
in question or a portion of the term in question, the Landlord shall have the right to investigate and/or “check out”
the new Tenant or the new Sub-Tenant, at the Tenant’s expense or the “Sub-Tenant’s” expense before the
Landlord’s consent shall be determined.


 


8. SECURITY
DEPOSIT AND LAST MONTH’S RENT


 


This
will acknowledge that the Tenant has pay to the Landlord, the sum of $5,000.00 as and for the last month’s rent that is
anticipated to be for the month of October 2021. The Landlord and the Tenant acknowledge and agree that this amount of $5,000.00,
as and for the last month’s rent is an estimate only, since the Landlord and the Tenant do not know at this point in time,
what the property taxes will be in 2021 or what the insurance amount will be in 2021, but both the Landlord and the Tenant acknowledge
and agree that the sum of $5,000.00 as and for last month’s rent is a fair estimate. The parties understand and agree that
said payments to the Landlord shall always be considered “additional rent”.


 


Furthermore,
the Landlord hereby acknowledges that he hold’s a security deposit in the sum of $5,000.00 with regard to this new Business
Lease.


 


Said security
deposit is held by the Landlord for the performance by the Tenant of all the terms, covenants and conditions of this Lease upon
Tenant’s part 


 






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to
be performed. Furthermore, the parties agree that the Landlord shall have no obligation to segregate such security deposit from
any other funds of Landlord, and interest earned on such security deposit, if any, shall belong to Landlord. The security deposit
shall not be considered an advance payment of rent or a measure of Landlord’s damages, in the case of a default by Tenant.
The security deposit shall be returned to the Tenant within thirty (30) days after the termination of this Business Lease, provided
that the Tenant has fully performed its obligations hereunder. Regardless of any permitted assignment of this Lease by Tenant,
Landlord may return the security deposit to the original Tenant in the absence of evidence satisfactory to Landlord of an assignment
of the right to receive the security deposit or the balance thereof, which shall satisfy in full Landlord’s obligation to
return the security deposit. Landlord shall have the right to apply any part of said security deposit to cure any default of Tenant
and if Landlord does so, Tenant shall upon demand, deposit with Landlord the amount so applied so that Landlord shall have the
full security deposit on deposit at all times during the term of this Lease. In the event of a sale or lease of the premises subject
to this Lease, Landlord shall transfer the security deposit to the purchaser or lessee, and Landlord shall thereupon be released
from all liability for the return of such security deposit and Tenant shall look solely to the successor Landlord for the return
of the security deposit. This provision shall apply to every transfer or assignment made of the security deposit to a successor
Landlord. The security deposit shall not be assigned or encumbered by Tenant without the prior written consent of Landlord and
any such unapproved assignment or encumbrance shall be void.


 


9. IMPROVEMENTS,
ALTERATIONS AND ADDITIONS


 


The Tenant shall
make no alterations therein, or improvements or additions thereto, without written consent of the Landlord, and all additions
or improvements which may be made by Tenant or the Landlord shall remain upon the premises as a part thereof, and be surrendered
with the premises at the termination of this Lease. Consent shall not be unreasonably withheld.


 


All leasehold
improvements (as distinguished from trade fixtures and apparatus) installed in the premises at any time, whether by or on behalf
of Tenant or by or on behalf of Landlord, shall not be removed from the premises at any time, unless such removal is consented
to in advance by Landlord; and at the expiration of this Lease, all such leasehold improvements shall be deemed to be part of
the premises, shall not be removed by Tenant when it vacates the premises, and title thereto shall vest solely in Landlord without
payment of any nature to Tenant. All trade fixtures and apparatus (as distinguished from leasehold 


 






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improvements)
owned by Tenant and installed in the premises shall remain the property of Tenant and shall be removable at any time, including
upon the expiration of the term; provided Tenant shall not at such time be in default of any terms or covenants of this Lease,
and provided further, that Tenants shall repair any damage to the premises caused by the removal of said trade fixtures and apparatus
and shall restore the premises to substantially the same condition as existed prior to the installation of said trade fixtures
and apparatus.


 


10. STATUTES


 


The Tenant shall
comply with all statutes, ordinances, rules, orders, regulations and requirements of the federal, state, county and city government
where the premises are located and of any and all of their departments applicable to said premises, for the correction, prevention,
and abatement of nuisances or other grievances in, upon, or connected with said premises during the terms of the Lease. 


 


11. REASONABLE
ACCESS


 


The Landlord,
or any of his agents, shall have the right to enter said premises during reasonable hours, to examine the premises, and to make
such repairs, additions or alterations as may be deemed necessary for the safety, comfort, or preservation thereof, or of said
building, or to exhibit said premises, and to put or keep upon the doors or windows thereof a notice “FOR RENT” at
any time within ninety (90) days before the expiration of this Business Lease. The right of entry shall likewise exist for the
purpose of removing placards, signs, fixtures, alterations, or additions that do not conform to this Agreement, or to the rules
and regulations of the building.


 


12. MECHANIC’S
LIENS


 


No work performed
by Tenant pursuant to this Lease, whether in the nature of construction, alteration or repair, shall be deemed to be for the immediate
use and benefit of Landlord, so that no mechanic’s or other lien shall be allowed against the estate of Landlord by reason
of any consent given by Landlord to Tenant to improve the premises. Tenant shall place such contractual provisions as Landlord
may request in all contracts and subcontracts for Tenant’s improvements assuring Landlord that no mechanic’s or material
man’s liens will be asserted


 






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against
Landlord’s interest in the premises or the property of which the premises are a part. Tenant shall pay promptly all persons
furnishing labor or materials with respect to any work performed by Tenant or it contractors or about the premises. If any mechanic’s
or other liens shall at any time be filed against the premises or the property of which the premises are a part by reason of work,
labor, services or materials performed or furnished, or alleged to have been performed or furnished, to Tenant or to anyone holding
the premises through or under Tenant, and regardless of whether any such lien is asserted against the interest of Landlord or
Tenant, Tenant shall forthwith cause the same to be discharged of record or bonded to the satisfaction of Landlord. If Tenant
shall fail to cause such lien forthwith to be so discharged or bonded after being notified of the filing thereof, then in addition
to any other right or remedy of Landlord, Landlord may bond over or discharge the same by paying the amount claimed to be due,
and the amount so paid by Landlord, including reasonable attorneys’ fees incurred by Landlord either in defending against
such lien or in procuring the bonding or discharge of such lien, together with interest thereon at the highest legal rate allowed
by law, shall be due and payable by Tenant to Landlord as additional rental. Landlord and Tenant agree that Tenant will not have
authority to create or suffer any lien for labor or materials on Landlord’s interest in the premises or in the Landlord’s
building or buildings, and all contractors, subcontractors, material men, mechanics, laborers and others contracting with Tenant
and/or any subtenant of Tenant and/or any other occupants of the premises, for the construction, installation, alteration or repair
of any improvements to the premises are hereby charged with notice that they must look only to the Tenant and to the Tenant’s
interest in the premises to secure the payment of any charges and/or materials furnished at the premises. 


 


13. OPERATIONS
AND MAINTENANCE


 


The Tenant hereby
accepts the premises in the condition they are in at the beginning of this Lease. The Tenant agrees to maintain the premises in
the same condition, order and repair, as it was when the Tenant first occupied said premises, at the time the Tenant took possession.
The Tenant will make good to said Landlord immediately upon demand, any damage to water apparatus or electric lights or fixtures,
appliances or appurtenances of said premises, or of the building, caused by any act or negligence of the Tenant, or of any person
or persons in the employment of or under the control of the Tenant, or caused by any act or negligence of any guest of the Tenant.
The parties understand and agree that said payments to the Landlord shall always be considered “additional rent”.


 



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The Tenant, at
its own expense, shall at all times keep the paved area and parking areas of the leased premises clean and free of dirt, trash
and rubbish. No parking will be permitted on the grass or landscaped areas.


 


The Tenant shall
provide monthly maintenance for the air conditioning system and the Tenant shall pay for any repairs to said system. If a qualified
air conditioning repairman reasonably determines that the air conditioning system cannot be economically repaired, then the Landlord
may replace the air conditioning unit after the Landlord obtains an opinion from his own qualified air conditioning repairman.


 


In regard to
the use and occupancy of the premises, Tenant will, at its expense: (a) keep the inside and outside of all glass in the doors
and windows of the premises clean; (b) keep all exterior store surfaces of the premises clean; (c) replace promptly any cracked
or broken glass of the premises with glass of like color, grade and quality; (d) maintain the premises in a clean, orderly and
sanitary condition and free of insects, rodents, vermin and other pests; (e) keep any garbage, trash, rubbish or other refuse
in rat-proof containers within the interior of the premises until removed; (f) if Landlord has opted to provide trash removal
service applicable to the Tenant, to deposit such garbage, trash, rubbish and refuse, on a daily basis, in designated receptacles
provided by Landlord (if Landlord has not so opted or if such service is not applicable to Tenant, Tenant shall cause all such
garbage, trash, rubbish and refuse to be removed from the premises at its own cost and expense); (g) keep all mechanical apparatus
free of vibration and noise which may be transmitted beyond the premises; (h) comply with all laws, ordinances, rules and regulations
of governmental authorities and all reasonable recommendations of Landlord’s insurer(s) and other applicable insurance rating
organization now or hereafter in effect; (i) keep in the premises and maintain in good working order one or more dry chemical
fire extinguishers; (j) comply with and observe all rules and regulations established by Landlord from time to time which apply
generally to all Tenants in any buildings owned by the Landlord; (k) conduct its business in all respects in a dignified manner
in accordance with high standards of store operation consistent with the quality of operation of businesses in general, as determined
by Landlord and provide an appropriate mercantile quality comparable with similar businesses. 


 


14. SIGNS
AND ADVERTISING


 


Tenant shall
be allowed to install signs on the building and leased property in accordance with the local building codes, but no signs shall
be installed by the 






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Tenant without the Landlord’s
written consent, which consent shall not be unreasonably withheld.


 


15. BUILDING
DAMAGE


 


In the event
the building outside Tenant’s space is damaged or defaced, Tenant agrees to make repairs within thirty (30) days.





 


               16.
HOMESTEAD


 


The Tenant hereby
waives and renounces for himself and family any and all homestead and exemption rights he may have now, or hereafter, under or
by virtue of the constitution and laws of the State of Florida, or of any other State, or of the United States, as against the
payment of said rental or any portion hereof, or any other obligation or damage that may accrue under the terms of this Agreement.


 


17. HAZARDOUS
SUBSTANCES


 


Tenant shall
not use or allow the premises to be used for the release, generation, storage, use, treatment, disposal or other handling of any
hazardous substance, without the prior consent of Landlord. The term “release” shall have the same meaning as is ascribed
to it in the Comprehensive Environmental Response Compensation and Liability Act, 42 USC Section 9601 et seq., as amended, (“CERCLA”).
The term “Hazardous Substance” means any substance or material regulated or defined or designated as hazardous or
toxic waster, hazardous or toxic material, a hazardous or toxic substance, pollutant, contaminant, petroleum or petroleum products,
or other similar term, by any federal, state, or local environmental statute, regulation, or ordinance presently in effect or
that may be promulgated in the future, as such statutes, regulations and ordinances may be amended from time to time, as well
as oil, fuels, natural gases and synthetic fuels, pesticides, paints and solvents, lead, cyanide, DDT, acids, ammonium compounds
and other chemicals, trash, garbage, other solid wastes, and asbestos and asbestos containing material. For the purpose hereof,
Hazardous Substance Law shall mean all laws, rules, ordinances or regulations promulgated by any federal, state or local authority
pertaining to the generation, storage, use, treatment, disposal or other handling of any Hazardous Substance.


 


Tenant shall,
at its own expense: (a) give prior notice to Landlord of any activity or operation to be conducted by Tenant at the Premises which
involves or 


 






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may
involve the Release, use, handling, generation, treatment, storage or disposal of any Hazardous Substance (“Tenant’s
Hazardous Substance Activity”); (b) comply with all federal, state, and local laws, codes, ordinances, regulations, permits
and licensing conditions governing the Release, discharge, emission, or disposal of any Hazardous Substance and promptly, upon
the occurrence of any such Tenant’s Hazardous Substances Activity, Tenant shall provide Landlord with (i) complete copies
of all such laws, codes, ordinances, regulations, permits and conditions (ii) complete copies of all contracts Tenant enters into
to contain and remediate same and otherwise comply with Tenant’s obligations under this Section 17; (c) promptly contain
and remediate any Release of Hazardous Substances arising from or related to Tenant’s Hazardous Substance Activity in the
Premises, and/or Landlord’s Building, or the environment and remediate and pay for any resultant damage to property, persons
and/or the environment; (d) give prompt notice to Landlord and all appropriate regulatory authorities, of any Release of any Hazardous
Substance in the Premises, and/or Landlord’s Building, or the environment arising from or related to Tenant’s Hazardous
Substance Activity, any such notice to include a description of measures taken or proposed to be taken by Tenant to contain and
remediate the Release and any resultant damage to property, persons, or the environment, (e) at Landlord’s request from
time to time, execute affidavits, representations and the like concerning tenant’s best knowledge and belief regarding the
presence of Hazardous Substances in the Premises, (f) reimburse to Landlord, upon demand, the reasonable cost of any testing or
other environmental assessment activities for the purpose of ascertaining if there has been any Release by Tenant of Hazardous
Substances in the Premises, if such testing is required by any governmental agency or Landlord’s mortgagee, (g) upon expiration
or termination of this Lease, surrender the Premises to Landlord free from the presence or contamination of any Hazardous Substance.
Tenant shall, and hereby does, indemnify, defend, protect and hold Landlord (and each of Landlord’s policyholders, trustees,
officers, employees, agents, attorneys, successors and assigns), free and harmless from and against any and all claims, liabilities,
diminution in property values, penalties, forfeitures, losses, or expenses (including attorneys’ fees) including without
limitation water tables and atmosphere) arising from or caused in whole or in part, directly or indirectly, by (a) the presence
in, on, under or about the Premises or the Landlord’s Building, of any Hazardous Substances by the Tenant, its officers
or employees, or any other individual or entity acting at the direction of or under the control of the Tenant, or Tenant’s
use, analysis, storage, transportation, disposal, release, threatened release, discharge, or generation of Hazardous Substances
to, in, on, under, about or from the Premises; or (b) tenant’s failure to comply with any present or future Hazardous Substance
Law or other environmental law, whether knowingly or


 






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unknowingly,
the standard herein being one of strict liability. Tenant’s obligations hereunder shall include, without limitation, and
whether foreseeable or unforeseeable, all costs of any required or necessary repair, cleanup or detoxification or decontamination
of the Premises, the Landlord’s Building, and the preparation and implementation of any closure, remedial action, or other
required plans in connection therewith and shall survive the expiration or earlier termination of the Term of this Lease. For
purposes of this indemnity provision, any acts or omissions of Tenant or by employees, agents, assignees, contractors, or subcontractors
of Tenant, or others acting for or on behalf of Tenant (whether or not they are negligent, intentional, willful or unlawful) shall
be strictly attributable to Tenant. The foregoing indemnification shall survive the expiration or earlier termination of this
Lease. References to “Premises” in this Section includes, without limitation, substance soils and groundwaters.


 


Landlord hereby authorizes Florida
Precision Aerospace to us any material required for the operation of their business as long as Tenant meets the code requirements
of the City, County and State.


 


18. REPAIRS


 


A. Repairs
to be Made by Landlord: Landlord, at its expense, will make, or cause to be made structural repairs to exterior walls, structural
columns, roof penetrations and structural floors which collectively enclose the premises (excluding, however, all doors, door
frames, storefronts, windows and glass) provided Tenant shall give Landlord notice of the necessity for such repairs. However,
due to the extent such repairs are necessary due to the negligence of the Tenant or any individual or entity acting at the direction
of or on behalf of the Tenant, the expense of such repairs shall be solely the responsibility of the Tenant, notwithstanding the
provisions of the first sentence of this paragraph 18A. Other than as expressly provided in this paragraph 18A, Landlord shall
not be responsible to maintain or make improvements or repairs of any kind in or upon the premises or any portion thereof. Anything
herein to the contrary notwithstanding, Tenant agrees that: (a) Landlord shall not be obligated or liable for any failure or delay
regarding its repair obligation hereunder unless and until the expiration of a reasonable period of time after receipt of written
notice from Tenant that a repair by Landlord is needed; and (b) Tenant, at its expense, will be responsible for repairing all
roof areas that may leak as a result of the installation, maintenance, repair, removal and/or replacement of any heating, exhaust,
ventilating or air conditioning fixtures, facilities or equipment servicing the premises or any part thereof that Tenant was responsible
for effecting; and (c) in no event will Tenant or anyone else acting for or on behalf of Tenant take or fail to take any action
that 


 






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may
void or otherwise adversely affect any warranties or guarantees in Landlord’s favor. Notwithstanding anything herein to
the contrary, any damage to Tenant, its property, leasehold improvement or its business caused by leaks in the roof shall be the
sole responsibility of Tenant. 


 


B. Repairs
to be Made by Tenant: All repairs to and maintenance of the premises or any installations, equipment or facilities therein,
other than those repairs required to be made by Landlord pursuant to paragraph 18A, shall be made by Tenant at its expense. Without
limiting the generality of the foregoing, Tenant will keep the interior of the premises, together with all electrical, plumbing
and other mechanical installations therein and the heating, ventilating, and air conditioning system in the premises, in good
order, condition and repair and in clean, pleasant, sightly, sanitary and safe condition and free from loiterers and will make
all replacements from time to time required thereto at its expense. Tenant shall make any and all additions, improvements, alterations
and repairs to or on the premises other than those required for exterior walls, structural columns, roof penetrations and structural
floors which collectively enclose the premises, as may be required by any lawful authorities or insurers. Landlord may deal directly
with any authorities respecting their requirements for additions, improvements, alterations or repairs. Tenant shall perform or
cause to be performed all maintenance on the premises in a good and workmanlike manner.


 


Tenant will surrender
the premises at the expiration of the term of the Lease or at such other time as it may vacate the premises, broom clean and in
as good condition and repair as when the Tenant first took possession, excepting ordinary wear and tear. Tenant will not overload
the electrical wiring serving the premises or within the premises, and will install at its expense, any additional electrical
wiring which may be required in connection with Tenant’s apparatus, such wiring and its installation to be in compliance
with all applicable laws, codes, ordinances and regulations. Any damage or injury sustained by any person because of mechanical,
electrical, plumbing or any other equipment or installations, whose maintenance and repair shall be the responsibility of Tenant,
shall be paid for by Tenant, and Tenant hereby agrees to indemnify and hold Landlord harmless from and against all claims, actions,
damages and liability in connection therewith, including but not limited to attorneys’ and other professional fees, and
any other costs which Landlord might reasonably incur. The foregoing indemnification shall survive the expiration or earlier termination
of this Lease.


 



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19. INTERRUPTIONS
OF UTILITY SERVICES


 


Landlord shall
not be liable to Tenant in damages or otherwise if any utility shall become unavailable from any public utility company, public
authority or any other person or entity, including Landlord, supplying or distributing such utility, or for any interruption or
curtailment in any utility service, including, without limitation, any heating, ventilation, air conditioning or sprinkler, caused
by the making of any necessary repairs or improvements or by any cause beyond Landlord’s reasonable control, and the same
shall not constitute a termination of this Lease or an eviction of Tenant.


 


20. INDEMNITY
AND INSURANCE


 


To the extent
not prohibited by law, Tenant agrees to and hereby does indemnify, protect, defend (by counsel acceptable to Landlord) and hold
Landlord and Landlord’s employees, agents, attorneys, successors and assigns, free and harmless from and against any and
all claims, demands, damages, losses, liens, liabilities, penalties, lawsuits, and other proceedings, costs, and expenses (including
without limitation reasonable attorney’s fees), arising directly or indirectly from or out of, or in anyway connected with
loss of life, bodily injury and/or damage to property or the environment arising from or out of the occupancy or use by Tenant
of the premises or any part thereof, occasioned wholly or in part by any act or omission of Tenant, its officers, agents, contractors,
subcontractors, employees or invitees, caused by, incurred or resulting from Tenant’s operations of or relating in any manner
to the premises, whether relating to their original design or construction, latent defects, alteration, maintenance, use by Tenant
or any person thereon, supervision or otherwise, or from a breach of, default under, or failure to perform any term or provision
of this Lease by Tenant, its officers, employees, agents or other persons or arising, directly or indirectly, wholly or in part,
from any conduct, activity, act, omission, or operation involving the use, handling, generation, treatment, storage, disposal,
other management or release of any hazardous substance in, from or to the premises, whether or not Tenant may have acted negligently
with respect to such hazardous substances. Tenant’s obligations pursuant to this section shall survive any termination of
this Lease with respect to any act, omission or occurrence that took place prior to such termination. Tenant shall maintain a
contractual liability endorsement to its public liability policy specifically endorsed to cover the indemnity provision of this
section. Landlord shall not be liable for any damage to or loss of Tenant’s personal property, inventory, fixtures or improvements,
or for any personal injury, for any cause whatsoever.


 



    	 	14	 



     


    




Landlord shall
not be responsible or liable to Tenant, or to those claiming by, through or under Tenant, for any loss or damage which may be
occasioned by or through the acts or omissions of persons occupying space adjoining the premises or any part of the premises adjacent
to or connecting with the premises, or otherwise, or for any loss or damage resulting to Tenant, or those claiming by, through
or under Tenant, or its or their property, from the breaking, bursting, stoppage or leaking of electrical cable and wires, or
water, gas, sewer or steam pipes. To the maximum extent permitted by law, Tenant agrees to use and occupy the premises, and to
use such other portions of the premises as Tenant is herein given the right to use, at Tenant’s own risk.


 


The parties agree
that the Landlord will obtain a standard fire and extended coverage insurance policy, as well as a standard flood insurance policy.
The parties agree that the Tenant will pay its pro-rata share of said insurance that the parties agree is 37.82% of the costs
of said policies. The Tenant warrants to the Landlord that no flammable or combustible materials, except for equipment and materials
used in the manufacture of signs, will be stored at the premises in question or used in operations by the Tenant. Tenant agrees
to pay 100% percent of any increase in the amount of insurance premium over and above the rate for the above said policies that
may be caused by the exceptional nature of the Tenant’s usage.


 


In the event
the premises shall be destroyed or so damaged or injured by fire or other casualty during the term of this Agreement, whereby
the same shall be rendered untenantable, then the Landlord shall have the right to render said premises tenantable by repairs
within ninety (90) days therefrom. If said premises are not rendered tenantable within said time, it shall be optional with either
party hereto, to cancel this Lease, and in the event of such cancellation, the rent shall be paid only to the date of such fire
or casualty. The cancellation herein mentioned shall be evidenced in writing. Rent is not payable during the period that the premises
are untenantable.


 


While the Landlord
will obtain a standard fire and extended coverage insurance policy and flood insurance policy, for the entire premises, of which
the Tenant’s premises are a part thereof, the Tenant agrees that it will obtain a public liability insurance policy providing
for a minimum of $500,000.00 coverage for any person injured on the premises. A minimum of $250,000.00 coverage for property damage
covering the demised premises shall also be obtained by the Tenant, and the Tenant shall also obtain a plate glass insurance policy
if there is any plate glass that is a part of the premises. The Landlord shall be named as an additional insured and shall be
furnished the original of such insurance policies.


 



    	 	15	 



     


    




The above and
foregoing policy or policies to be obtained by the Tenant shall, at all times, be subject to Landlord’s approval and any
such insurance company or insurance companies shall be licensed to do business in the State where the premises are located.


 


The above and
foregoing policies to be obtained by the Tenant shall also contain a provision by which the insurer agrees that such policy or
policies shall not be cancelled, materially changed or not renewed without at least thirty (30) days advance notice to Manager,
1242 N.W. 102nd Way, Coral Springs, Florida 33071, attention: Stan Baumwald, or to such other party or address as may
be designated by Landlord or its designee. Tenant shall deliver to Landlord a copy of each such policy or a certificate thereof,
including a declaration page, evidencing the insurance coverage required hereunder which policy or certificate shall be in form
and content satisfactory to Landlord. If Tenant shall fail to perform any of its obligations with regard to obtaining insurance
pursuant to this paragraph 20, Landlord may perform the same and the cost of same shall be deemed additional rent and shall be
payable upon Landlord’s demand. Landlord shall have the right during the term of this Lease to periodically review the insurance
coverage required hereunder and to require an adjustment of such coverage to reflect then-existing market conditions.


 


Tenant will pay
Landlord on a monthly basis, a proportionate share of Landlord’s cost of maintaining all insurance with respect to Landlord’s
building including, without limitation, the above and foregoing standard fire and extended coverage insurance, all risk property
(including rental income) and liability insurance and rent insurance. Such insurance may be carried at the discretion of Landlord
in such amounts and companies, as Landlord shall determine. Such monies are to be considered additional rent.





 


21. PERCENTAGE
OF ENTIRE PREMISES


 


The Landlord
and the Tenant hereby agree that the Tenant’s premises that the Tenant is leasing from the Landlord is 37.82% of the entire
premises owned by Landlord, and as a result, the Tenant will be liable for 37.82% of the entire real estate tax bill; 37.82% of
all insurance policies obtained by the Landlord as set forth in this Lease; and 37.82% of any other common area maintenance expenses
that the Landlord is entitled to ask the Tenant for, pursuant to the terms of this Lease.


 



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22. DAMAGE
AND DESTRUCTION


 


If the premises shall be damaged
by fire, the elements, accident or other casualty (any of such causes being referred to as a “casualty”), but the
premises shall not be thereby rendered wholly or partially untenantable, then, subject to the provisions of this paragraph 22,
Landlord shall promptly cause such damage to be repaired to the same condition as when possession was delivered and there shall
be no abatement of rent. If, as the result of casualty, the premises shall be rented wholly or partially untenantable, then, subject
to the provisions of this paragraph 22, Landlord shall cause such damage to be repaired to the same condition as when possession
was delivered and all rent (other than any additional rent due Landlord by reason of Tenant’s failure to perform any of
its obligations hereunder) shall be abated proportionately as to the portion of the premises rendered untenantable during the
period of such untenantability. All such repairs shall be made at the expense of Landlord (unless said damages are the result
of the intentional acts or negligence on the part of the Tenant or its employees or invitees); provided, however, that Landlord
shall not be liable for interruption to Tenant’s business or for damage to or replacement or repair of Tenant’s personal
property or to any leasehold improvements installed in the premises by or on behalf of Tenant, all of which damage, replacement
or repair shall be undertaken and completed by Tenant promptly. 


 


If the premises
are rendered wholly untenantable, or damaged as a result of any cause which is not covered by Landlord’s insurance or damaged
or destroyed in whole or in part or if Landlord’s building is damaged to the extent of 50% or more of Landlord’s floor
area, then, in any of such event, Landlord may elect to terminate this Lease by giving to Tenant notice of such election within
ninety (90) days after the occurrence of such event. If such notice is given, the rights and obligations of the parties shall
cease as of the date of such notice, and rental (other than any additional rental due Landlord by reason of Tenant’s failure
to perform any of its obligations hereunder) shall be adjusted as of the date of such termination.


 


If Landlord’s
building shall be so substantially damaged that it is reasonably necessary, in Landlord’s sole judgment, to demolish same
for the purpose of reconstruction, Landlord may demolish the same, in which event the rent shall be abated to the same extent
as if the premises were rendered untenantable by a casualty.


 



    	 	17	 



     


    




If Landlord does
not elect to terminate this Lease pursuant to this paragraph 22, Landlord shall, subject to the prior rights of any mortgagee,
disburse and apply any insurance proceeds received by Landlord to the restoration and rebuilding of Landlord’s building
in accordance with this paragraph 22. All insurance proceeds paid by Landlord’s insurer shall belong to and shall be payable
to Landlord.


 


23. DEFAULT


 


The occurrence
of any of the following shall constitute an event of default hereunder:


 


(a) The filing
of a Petition by or against Tenant for adjudication as a bankrupt or insolvent, or for its reorganization or for the appointment
of a receiver or trustee of Tenant’s property; an assignment by Tenant for the benefit of creditors; or the taking possession
of the property of Tenant by any governmental officer or agency pursuant to statutory authority for the dissolution or liquidation
of Tenant, or a filing by Tenant for reorganization under Chapter XI of the Bankruptcy Act.


 


(b) Failure of
Tenant to pay when due, any installment of rent or additional rent hereunder or any other sum herein required to be paid by Tenant.


 


(c) Vacation
or desertion of the demised premises or permitting the same to be empty and unoccupied.


 


(d) Tenant’s
removal or attempt to remove, or manifesting an intention to remove Tenant’s goods or property from or out of the demised
premises otherwise than in the ordinary or usual course of business without having first paid and satisfied Landlord for all rent
which may become due during the entire term of this Lease.


 


(e) Tenant’s
failure to perform any other covenant or condition of the Lease after seven (7) days written notice to the Tenant to cure.


 


Rights of
Landlord Upon Default by Tenant


 


If the Tenant
is in default as set forth above, then the Landlord, in addition to all of the rights and remedies granted under the laws of the
State of Florida, shall have any or all of the following rights:


 



    	 	18	 



     


    




(i) To re-enter
and remove all persons and property from the demised premises, and such property may be removed and stored in a public warehouse
or elsewhere at the cost of and for the account of Tenant, all without service of notice or resort to legal process and without
being deemed guilty of trespass, or becoming liable for any loss or damage which may be occasioned thereby.


 


(ii) Terminate
the Lease and elect to declare the entire rent for the balance of the term due and payable forthwith. In addition thereto, there
shall be due and payable for each remaining year of the term of this Lease, and pro-rata for any part of the year, the additional
rents due and owing from the Tenant, as set forth in this Lease, with regard to the Tenant’s pro-rata portion of real estate
taxes and the Tenant’s pro-rata share of insurance, as well as any other additional rent that the Tenant may be liable for.


 


(iii) Terminate
the Lease and re-let the premises for the account of Landlord or within the sole discretion of Landlord, the premises may be re-let
for the account of the Tenant.


 


In the event
a lawsuit is filed by the Landlord relating to the enforcement of this Lease or with regard to the default by the Tenant, of this
Lease, the Tenant shall be liable to the Landlord for any and all legal fees and costs incurred by the Landlord.


 


24. CANCELLATION


 


If the Tenant
shall become insolvent or if bankruptcy proceedings shall be begun by or against the Tenant, before the end of said term, the
Landlord is hereby authorized at its option, to forthwith cancel this Lease as for a default. Landlord may elect to accept rent
from such receiver, trustee, or other judicial officer during the term of their occupancy in their fiduciary capacity without
affecting Landlord’s rights as contained in the Contract, but no receiver, trustee, or other officer shall ever have the
right, title or interest in or to the above described property by virtue of this Contract.


 


25. NOISE


 


There shall be
no noise of a sufficient level that would prevent adjacent tenants or other tenants in the Landlord’s building, from the
normal operation and/or enjoyment of their businesses.


 



    	 	19	 



     


    




26. NOTICES


 


Any notice, request,
demand, approval or consent given or required to be given under this Lease, except for Three (3) Day Notices of Tenant Eviction
which shall be delivered or served pursuant to Florida Statute, shall be in writing, and shall be deemed given if forwarded either
by certified mail, return receipt requested, or by overnight courier service. In the event transmittal is made by certified mail,
notice shall be deemed given three business days after such notice was deposited with the U.S. Postal Service. In the event transmittal
is made by overnight courier service, notice shall be deemed given the following business day after such notice was deposited
with the overnight courier service. For the purposes set forth herein, notices shall be addressed as follows:


 





	                    LANDLORD:
	Baumwald
Holdings, Manager

                           1242
N.W. 102nd Way

                           Coral Springs, Florida 33071

 	 
	 	 	 
	                    TENANT:	John
DiBella, Tenant

        821
N.W. 57th Place

        Ft. Lauderdale, Florida 33009

 	 






                                                   





 


 





 


The designated place of notice set
forth herein may be changed from time to time by the parties hereto by written notice of such change.


 


27. INSPECTIONS
AND ACCESS BY LANDLORD


 


Landlord, its
agents, employees and contractors shall have the right to enter all parts of the premises during Tenant’s business hours
to inspect the same and to enforce or carry out any provision of this Lease, including, without limitation any access necessary
for the making of any repairs which are Landlord’s obligation hereunder; provided, however, that, in the event of an emergency,
Landlord may enter the premises for such purposes at any time.


 


28. SUCCESSORS
AND ASSIGNS


 


This Lease and
the covenants and conditions herein contained shall enure to the benefit of and be binding upon Landlord, its successors and assigns,
and shall be binding upon Tenant, its successors and assigns and shall enure to the benefit of Tenant and only such assigns and
sub-tenants of tenant to whom the assignment of this Lease or the subletting of the premises by Tenant has been consented to by



 






    	 	20	 



     


    

Landlord
as provided in this Lease. Upon any sale or other transfer by Landlord of its interest in the premises and in this Lease, and
the assumption by Landlord’s transferee of the obligations of Landlord hereunder, Landlord shall be relieved of any obligations
under this Lease accruing thereafter.


 


29. CAPTIONS
AND HEADINGS


 


Any articles
or section captions or headings are for convenience of reference only and in no way shall be used to construe or modify the provisions
set forth in this Lease.


 


30. JOINT
AND SEVERAL LIABILITY


 


If two or more
individuals, corporations, partnerships or other business associations (or any combination of two or more thereof) shall sign
this Lease as Tenant, or guarantor, the liability of each such individual, corporation, partnership or other business association
to pay rent and perform all other obligations hereunder shall be deemed to be joint and several and all notices, payments and
agreements given or made by, with or to anyone of such individuals, corporations, partnerships, or other business associations
shall be deemed to have been given or made by, with or to all of them. In like manner, if Tenant shall be a partnership or other
business association, the members of which are, by virtue of statute or federal law, subject to personal liability, the liability
of each such member shall be joint and several.


 


31. TIME
IS OF THE ESSENCE


 


It is understood
and agreed between the parties hereto that time is of the essence of all the terms, covenants and conditions of this Lease.


 


32. SEVERABILITY


 


If any portion
of any term or provision of this Lease, or the application thereof to any person or circumstances shall, to any extent, be invalid
or unenforceable, the remainder of this Lease, or the application of such term or provision to person or circumstances other than
those as to which it is held invalid or unenforceable, shall not be affected thereby, and each term and provision of this Lease
shall be valid and be enforced to the fullest extent permitted by law.


 



    	 	21	 



     


    




33. LIMITATION
ON RIGHT OF RECOVERY AGAINST LANDLORD


 


Tenant acknowledges
and agrees that the liability of the Landlord under this Lease shall be limited to the Landlord’s interest in the building
or premises in question and any judgments rendered against Landlord shall be satisfied solely out of the proceeds of sale of the
Landlord’s interest in said building and/or premises. No personal judgment shall lie against Landlord upon extinguishments
of the Landlord’s rights in the premises or building and any judgment so rendered shall not give rise to any right of execution
or levy against Landlord’s assets. The provisions hereof shall enure to Landlord’s successors and assigns including
any mortgagee. The foregoing provisions are not intended to relieve Landlord from the performance of any of Landlord’s obligations
under this Lease, but only to limit the personal liability of Landlord in case of recovery of a judgment against Landlord; nor
shall the foregoing be deemed to limit Tenant’s rights to obtain injunctive relief for specific performance or to avail
itself of any other right or remedy which may be awarded Tenant by law or under this Lease.


 


If Tenant claims
or asserts that Landlord has violated or failed to perform a covenant of Landlord not to unreasonably withhold or delay Landlord’s
consent or approval, Tenant’s sole remedy shall be an action for specific performance, declaratory judgment or injunction
and in no event shall Tenant be entitled to any money damages for a breach of such covenant and in no event shall Tenant claim
or assert any claim for any money damages in any action or by way of set off, defense or counterclaim and Tenant hereby specifically
waives the right to any money damages or other remedies. 


 


34. NO
DISCLOSURE


 


Tenant agrees
not to disclose (by itself or through a third party) any of the terms and conditions of this Lease to other present or future
Tenants or perspective Tenants of the premises or building that is owned by the Landlord, or to their respective representatives,
nor to anyone else, excepting a permitted assignee or subtenant of Tenant and accountants, attorneys and other professionals who
require knowledge thereof in furtherance of Tenant’s interests.


 


35. REPRESENTATIONS
AND WARRANTIES OF TENANT


 


The Tenant by
its execution hereof, represents and warrants to the Landlord and its successors and assigns that as of the date hereof, the Tenant
is a corporation 


 






    	 	22	 



     


    

duly
established and validly existing under the laws of the State of Florida, and that the individual signing this Lease on behalf
of the Tenant has been duly authorized to do so, and thereby, said individual signing this Lease is therefore authorized to bind
the Tenant. The Tenant further represents and warrants to the Landlord that there is no law, contractual obligation or other factor
binding upon the Tenant which would prohibit the Tenant from entering into this Lease and/or performing each and every of its
obligations hereunder and no breach or default of any other agreement to which Tenant is a party and no violation of any applicable
law, will result from the authorization, execution, delivery and performance of the Lease and the documents provided herein, by
the Tenant.


 


The Tenant represents
and warrants to the Landlord that the Tenant has obtained all required licenses and permits necessary to operate its business
within the subject demised premises.


 


36. FLORIDA
SALES TAX


 


All rent, additional
rent and other sums due to be paid by Tenant to Landlord hereunder shall be accompanied by payment of sale and other tax thereon
to the extent then required by Florida law. Such monies are to be considered additional rent.


 


37. RADON
GAS


 


Pursuant to Florida
law (enacted effective as of January 1, 1989), Landlord hereby makes the following disclosure to Tenant: “Radon is a naturally
occurring radioactive gas that, when it has accumulated in a building in sufficient quantities, may present health risks to persons
who are exposed to it over time. Levels of radon that exceed federal and state guidelines have been found in buildings in Florida.
Additional information regarding radon and radon testing may be obtained from your county public health unit”.


 


38. SUBORDINATION


 


The Landlord
has the option to subordinate this Lease to any and all mortgages or deeds of trust now or hereafter placed on the property of
which the demised premises are a part. The Tenant agrees to execute any instruments reasonably required by any mortgagee to subordinate
this Lease to the mortgage and if Tenant fails to execute such subordination, then Landlord is hereby appointed attorney-in-fact
with full power and authority to execute such subordination on behalf of the Tenant.


 



    	 	23	 



     


    




39. WAIVER
OF JURY TRIAL AND OTHER RIGHTS


 


To the extent
permitted by applicable law, Landlord and Tenant hereby mutually waive any and all rights which either may have to request a jury
trial in any action, proceeding or counter-claim (except for those involving bodily injury or property damage) arising out of
this Lease or Tenant’s occupancy of or right to occupy the premises. This Waiver is made freely and voluntarily, without
duress and only after each of the parties hereto has had the benefit of advice from legal counsel on this subject.


 


Tenant further
agrees that in the event Landlord commences any summary proceeding for non-payment of rent or possession of the premises, Tenant
will not interpose and hereby waives all right to interpose any counter-claim of whatever nature in any such proceeding. Tenant
further waives any right to remove said summary proceeding to any other Court or to consolidate said summary proceeding with any
other action, whether brought prior or subsequent to the summary proceeding. IN WITNESS WHEREOF, Landlord and Tenant have
caused this Lease to be signed under seal, on the day and year first written above.


 


40.
SURRENDER AT END OF TERM


 


Surrender
at End of Term: Tenant shall quit and surrender the Premises at the expiration or earlier termination of the Term in as good order
and condition as at the commencement of the Term, (wear and tear caused by ordinary reasonable use excepted), together with any
and all installations, alterations, additions, and improvements made by or on behalf of tenant except that Tenant’s
trade fixtures shall remain Tenant’s property.  However, in removing the Tenant’s trade fixtures, should damage
result, the Tenant understands and agrees that it will be the Tenant’s sole obligation, at the Tenant’s sole cost
and expense to repair said damages.  However, nothing in this provision shall eliminate tenant's obligation to request and
to receive from Landlord its written consent before making any installations, alterations, additions, modifications or improvements
to the premises.


 


41.
HOLDOVER


 


Any
holding over after the expiration of the term will be granted only with the express written consent of the Landlord. If the Tenant
should remain on the premises after the expiration of the term without the express written consent of the Landlord, the Tenant
hereby agrees and understands that the Landlord shall have the right to receive rent, including “Base Rent” and “Additional
Rent” as well as sales tax, which shall be double the amount that was paid by the Tenant for the last full month prior to
the expiration of the term. All other terms and conditions specified in this Business Lease, so far as applicable, will remain
in effect during any holdover tenancy period.


 



    	 	24	 



     


    




42.
OPTION TO RENEW


 














Provided
that the Tenant is not in default under this Lease during the “option renewal notification period” described below,
and that the Tenant has not been in default in excess of one (1) time (whether a monetary default or non-monetary default) anytime
during Tenant’s possession of the subject premises, the Tenant shall have the option to renew this Lease and extend the
term of this Lease for one (1) term of three years shall provide written notice to the Landlord, by certified mail/return receipt
requested, at least three (3) but not more than four (4) months, prior to the then current expiration date. Failure of the Tenant
to provide such written notice shall preclude the exercise of the then applicable renewal option and any subsequent renewal options,
if applicable. Tenant agrees that Tenant’s exercise of this option to extend the term shall not impose any additional requirements
or obligations upon the Landlord, the premises being leased upon renewal “As Is” except for the rent which shall be
adjusted for each year of the renewal term. If the option to renew is properly exercised by the Tenant, the annual increase in
the “Base Rent” shall be increased annually by an amount equal to 3% of the previously paid Base Rent without regard
to rental concessions, credits or abatements, if any.


 


43.
OPTION TO CANCEL BY TENANT


 


1. the Tenant
shall have the option to cancel this lease by certified mail/return receipt requested, with three months(3) prior notice.


 


IN
WITNESS WHEREOF, Landlord and Tenant have caused this Lease to be signed under seal, on the day and year first written above.


 


Tenant:


 





	/s/ John DiBella	 	12/14/18
	Florida
                                         Precision Aerospace 
	 	Date 
	John DiBella,	 	 
	President	 	 



              


             





 


Landlord:  


       
 


	/s/ Stanley Baumwald	 	12/14/18
	Stanley
                                         Baumwald, Trustee	 	Date
	 	 	 











              


             


              
 


 


 


 


 


 


 


 


 


 



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