ex10_3.htm


     

    
      Exhibit
10.3

      


      RESIDENTIAL
LEASE

      


           LEASE AGREEMENT, entered into between
SIDNEY & VALERIE GARMAN of 15019 BEATTIES FORD ROAD, HUNTERSVILLE, NC 28078
(Landlord) and Garman Cabinet & Millwork, Inc. of 15019 Beatties Ford Road,
Huntersville, NC 28078(Tenant). 

      For good
consideration it is agreed between the parties as follows:

      1.   Landlord
hereby leases and lets to Tenant the premises described as follows: 5425 DATHA
AVENUE CHARLOTTE, NC 28269

      2.   This
Lease shall be for a term of 1 year(s), commencing on January 1, 2008, and
terminating on December 31, 2008.

      3.   Tenant
shall pay Landlord the annual rent of $11,880.00.00 during said term, in monthly
payments of $990.00, each payable monthly on the first day of each month in
advance. Tenant shall pay a security deposit of $990.00, to be returned upon
termination of this Lease and the payment of all rents due and performance of
all other obligations.

      4.   Tenant
shall at its own expense provide the following utilities or services: ELECTRIC,
GAS, WATER, PHONE, CABLE

            Landlord
shall at its expense provide the following utilities or services:
TRASH

      5.   Tenant
further agrees that:

           a)
Upon the expiration of the Lease it shall return possession of the leased
premises in its present condition, reasonable wear and tear, fire casualty
excepted. Tenant shall commit no waste to the leased premises.

           b)
Tenant shall not assign or sublet said premises or allow any other person to
occupy the leased premises without Landlord's prior written
consent.

           c)
Tenant shall not make any material or structural alterations to the leased
premises without Landlord's prior written consent.

           d)
Tenant shall comply with all building, zoning and health codes and other
applicable laws for the use of said leased premises.

           e)
Tenant shall not conduct on premises any activity deemed extra hazardous, or a
nuisance, or requiring an increase in fire insurance premiums.

           f)
Tenant shall not allow pets on the premises.

           g)
In the event of any breach of the payment of rent or any other allowed charge,
or other breach of this Lease, Landlord shall have full rights to terminate this
Lease in accordance with state law and re-enter and re-claim possession of the
leased premises, in addition to such other remedies available to Landlord
arising from said breach.

      6.  This
Lease shall be binding upon and inure to the benefit of the parties, their
successors, assigns and personal representatives.

      7.  This
Lease shall be subordinate to all present or future mortgages against the
property.

      8.  Radon
Gas Disclosure.  As required by law, Landlord makes the following
disclosure: "Radon Gas" 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 NORTH CAROLINA. Additional
information regarding radon and radon testing may be obtained from your county
public health unit.

      9.  Lead
Paint Hazard. "Every purchaser of any interest in residential real property on
which a residential dwelling was built prior to 1978 is notified that such
property may present exposure to lead from lead-based paint that may place young
children at risk of developing lead poisoning. Lead poisoning in young children
may produce permanent neurological damage, including learning disabilities,
reduced intelligence quotient, behavioral problems and impaired memory. Lead
poisoning also poses a particular risk to pregnant women. The seller of any
interest in residential real estate is required to provide the buyer with any
information on lead-based paint hazards from risk assessments or inspection in
the seller's possession and notify the buyer of any known lead-based paint
hazards. A risk assessment or inspection for possible lead-based paint hazards
is recommended prior to purchase."

      10. Additional
Lease terms:

      


           Signed
this 1st day of January, 2008.

      


      In the
presence of:

       

      Landlord:Date:

       

      Tenant:Date:

      


      NOTICE:
State law establishes rights and obligations for parties to rental agreements.
This agreement is required to comply with the Truth in Renting Act or the
applicable Landlord/Tenant statute or code of your state. If you have a question
about the interpretation or legality of a provision in this agreement, you may
want to seek assistance from a lawyer or other qualified person.

      


      *All
persons residing at 5425 Datha Ave, Charlotte, NC 28269 must give the landlords
the following personal information.

      


      Name:                                                                           Date of
Birth:                                                                SS#:

       

      Place of
Employment:                                                                Phone
#:                                           

      


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      Landlord:                                                                                      Phone
#: