Termination of Lease Agreement, dated December 13, 2005



 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 acknowledge that Section 19 of the Lease shall survive the termination of the Lease. 







 LEASE TERMINATION AGREEMENT, continued 
  
 3. Except as limited by Section 2, above, all rights, obligations and
liabilities of Landlord and Tenant under the Lease are hereby terminated and cancelled, and Landlord and Tenant each release and discharge the other from any and all obligations and liabilities under the Lease, whether now in existence or to arise
in the future thereunder. 
  
 4. This Termination Agreement shall
be governed by and enforced in accordance with the laws of the State of Florida. 
  
 IN WITNESS WHEREOF, the parties hereto have executed this Termination Agreement as of the day and year first above written. 
  

					
	WITNESSES:	    	LANDLORD:
		
	 	    	 COASTAL HILLSBOROUGH
 PARTNERS, L.L.P., a
Florida limited
 liability partnership

			
	 /S/ ROBYN A. MOEHRING

	    	By:	 	 /S/ JOEL TRAUB


	Print Name: Robyn A. Moehring	    	 	 	Print Name: Joel Traub
	 	    	 	 	Title: Partner
	 /S/ TROY PERDUE

	    	 	 	 
	Print Name: Troy Perdue	    	 	 	Dated: December 12, 2005
			
	 STATE OF FLORIDA
 COUNTY OF HILLSBOROUGH
	    	 	 	 

  
 The foregoing
instrument was acknowledged before me this 12th day of December, 2005, by Joel Traub, as Partner of COASTAL HILLSBOROUGH PARTNERS, L.L.P., a Florida limited liability partnership, on behalf of the partnership. He/She is personally known to me or has
produced                              as identification. 
  

	
	 /S/ TROY PERDUE


	Notary Public
	
	 Troy Perdue


	 (Type, Print or Stamp Name)

	
	My Commission Expires:


  

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 LEASE TERMINATION AGREEMENT, continued 
  

					
	 	    	TENANT:
		
	 	    	 SRI/SURGICAL EXPRESS, INC., f/k/a
 Sterile
Recoveries, Inc., a Florida corporation

			
	 /S/ TARA KOCH

	    	By:	 	 /S/ WALLACE D. RUIZ


	Print Name: Tara Koch	    	 	 	Wallace D. Ruiz, Senior Vice President and Chief Financial Officer
	 /S/ DENISE K. SKILLMAN

	    	 	 	 
	Print Name: Denise K. Skillman	    	 	 	Dated: December 13, 2005
			
	 STATE OF FLORIDA
 COUNTY OF HILLSBOROUGH
	    	 	 	 

  
 The foregoing
instrument was acknowledged before me this 13th day of December, 2005, by Wallace D. Ruiz, as Senior Vice President
and Chief Financial Officer of SRI/SURGICAL EXPRESS INC., f/k/a Sterile Recoveries, Inc., a Florida corporation, on behalf of the corporation. He/She is personally known to me or has produced
                             as identification. 
  

	
	 /S/ DENISE K. SKILLMAN


	Notary Public
	
	 Denise K. Skillman


	 (Type, Print or Stamp Name)

	
	My Commission Expires: November 15, 2007


  

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