Document:

exv10w5

 

Exhibit 10.5

SOUTHPOINT SQUARE I, LTD.

LEASE

This LEASE
AGREEMENT dated September 28, 2006, by and between SOUTHPOINT SQUARE
I, LTD., with its principal office at 6821 Southpoint Drive, N., Jacksonville, Florida, 32216
hereinafter called the LESSOR, and Misener Marine Construction, Inc., with its principal
office at
5600 West Commerce Street, Tampa, Florida 33616, hereinafter called the LESSEE.

WITNESSETH

The LESSOR
hereby leases to the LESSEE and the LESSEE hereby leases from the LESSOR, the
following described property, sometimes hereinafter referred to as the leased premises to-wit:

Space
designated as Suite 221, 6821 Southpoint Drive, N., Duval County,
Jacksonville, Florida 32216, comprising approximately 1,152 square feet.

1. TERM: Lessee to have and to hold above described premises for a term of six (6)months,
commencing on October 1, 2006 and terminating on
March 31, 2007, on the terms and
conditions as set forth herein.

2. USE AND POSSESSION: It is understood that the leased premises are to be used for general office
purposes and for no other purpose without prior written consent of Lessor. Lessee shall not use
the leased premises for any unlawful purpose or so as to constitute a nuisance (including bringing
in pets to the office). The Lessee will exercise all reasonable care in the use of halls, rest
rooms, and other parts of the Building used in common with other tenants in the Building, and will
not make or permit any disfigurement or detachment or injury to any part of the Premises. The
Lessor covenants and agrees to have the leased premises completed and ready for possession on or
before the above commencement date, barring strikes, insurrections, Acts of God and other
casualties or unforeseen events beyond the control of the Lessor. The Lessee, at the expiration of
the term, shall deliver up the leased premises in good repair and condition, damages beyond the
control of the Lessee, reasonable use, ordinary decay, wear and tear excepted.

3. RENT: Lessee hereby covenants and agrees to pay the Lessor, a Monthly Base Rent excluding sales
and/or use taxes of Two-Thousand and Ninety-Five Dollars ($2,095), payable in advance
beginning on the commencement date of this Lease and on the first day of each and every month
thereafter, plus 7% Florida State sales tax in the amount of One-Hundred and Forty-Six Dollars
and Sixty-Five Cents ($146.65), for a total monthly rent of Two-Thousand Two-Hundred and
Forty-One Dollars and Sixty-Five Cents ($2,241.65). Rent shall be paid to the Lessor at 6821
Southpoint Drive, N., Jacksonville, Florida 32216. Base rent shall be adjusted annually in the
manner set forth in Paragraph Four. Lessor may charge Lessee a late charge of 5% of each rental
payment which is not received by the Lessor within five days of the due date, which date being the
first day of the month, and that the Lessor may charge the Lessee an additional 15% late fee if the
same rental payment is not received by the 10th of the month. If Lessee’s possession commences on
other than the first day of the month, Lessee shall occupy the leased premises under the terms,
conditions, and provisions of this Lease, and the prorate portion of the monthly rent for said
month shall be paid and the term of the Lease shall commence on the first day of the month
following that which possession is given.

4. RENT ADJUSTMENT: The Lessor shall notify the Lessee of the adjusted monthly rent, in writing,
prior to the respective anniversary date on which such rent adjustment occurs. The lessee agrees to
pay the adjusted monthly rent together with any applicable taxes as set forth in Paragraph Five, on
the first day of each month for the following twelve-month period or for those months remaining in
said period after notification by Lessor.

5. SALES AND USE TAX: The Lessee hereby covenants and agrees to pay monthly, as

 

 

additional rent, any sales, use or other tax, excluding State and/or Federal Income Tax, now
or hereafter imposed upon rents by the United States of America, the State, or any political
subdivision thereof, to the Lessor.

6. NOTICE: For the purpose of notice or demand, the respective parties shall be served by
certified or registered mail, return receipt requested, addressed to the Lessee at its principal
office address as set forth herein and to the Lessor at its mailing address, 6821 Southpoint
Drive, N., Jacksonville, Florida 32216.

7. ORDINANCES AND REGULATIONS: The Lessee hereby covenants and agrees to comply with all the rules
and regulations of the Board of Fire Underwriters, officers or Boards of the City, County or State
having jurisdiction over the leased premises, and with all ordinances regulations of governmental
authorities wherein the leased premises are located, at Lessor’s sole cost and expense, but only
insofar as any of such rules, ordinances and regulations pertain to the manner in which the Lessee
shall use the leased premises: the obligation to comply in every other case, and also all cases
where such rules, regulations and ordinances require repairs, alterations, changes or additions to
the building equipment, or any part of either, being hereby expressly assumed by Lessor, and
Lessor covenants and agrees promptly and duly to comply with all such rules, regulations and
ordinances with which Lessee has not herein expressly agreed to comply.

     Lessee shall not do or suffer to be done, or keep or suffer to be kept, anything in, upon or
about the premises which will contravene Lessor’s policies insuring against loss or damage by fire
or other hazards, or which will prevent Lessor from procuring such policies in companies
acceptable to Lessor, or which will cause an increase in the insurance rates upon any portion of
the building. If Lessee violates any prohibition provided for in the first sentence of the
Section, Lessor may without notice to Lessee, correct the same at Lessee’s expense. Lessee agrees
to pay to Lessor as Additional Rent on demand the amount of any increase in premiums for insurance
resulting from any violation of the first sentence of this paragraph, even if Lessor shall have
consented to the doing of, or the keeping of, anything on the premises which constitute such a
violation (but the payment of such Additional Rent shall not entitle Lessee to violate the
provisions of the first sentence of this Section).

8. SIGNS: The Lessor will provide the Lessee with door and directory signage in accordance with
the Lessee’s specifications. The Lessee will not place any signs or other advertising matter or
material on the exterior or on the interior of the leased premises or on the building in which the
leased premises are located without the prior written consent of the Lessor.

9. SERVICES: Lessor covenants and agrees, at Lessor’s expense, to furnish the leased premises
with: a) janitorial service and trash removal from leased premises five days a week, b)
furnishing, supplying and maintaining building common areas and rest room facilities, including
water and sewage disposal in the building in which the leased premises are located, c) heating and
air conditioning for the comfortable use and occupancy of the leased premises during normal
business hours, d) electricity twenty-four hours a day, seven days a week, suitable for the
intended use as general office space, including the use of general office equipment (inclusive of
computers, typewriting and facsimile machines). Lessor shall provide free parking for Lessee’s
employees and visitors on Lessor’s parking area adjacent to the building in which the leased
premises are situated.

     Lessee will not interfere with the installation or operation of the interior lighting system,
or the heating, ventilating and air conditioning system and will take, or join with Landlord in
taking all reasonable measures to conserve energy used in operation of the buildings.

     If the Lessee shall require electrical current or install electrical equipment including, but
not limited to, electrical heating, refrigeration equipment, or machines or equipment using
current which will in any way increase the amount of the electricity usually furnished for use in
general office space, Lessee will obtain prior written approval from the Lessor and pay
periodically for the additional direct expense involved.

     Lessee will reimburse the Lessor for expenses incurred by the Lessor, if any, to provide
extraordinary protection for the persons and property of the Lessor or other Lessees of the Lessor

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from injury or loss or threat of injury or loss from riot, civil commotion, vandalism, or
malicious mischief if and to the extent that such injury or threat is caused by the unusual nature
or reputation of Lessee or Lessee’s business, occupation, or profession. Nothing in this clause
shall be deemed to obligate Lessor to provide such extraordinary protection.

10. ALTERATIONS: Lessee, by occupancy of the finished suite, accepts the leased premises and every
part thereof in good repair and condition, ordinary decay and wear and tear excepted. Lessee shall
not make or suffer to be made any alterations, additions, or improvements to the leased premises
or any part thereof without prior written consent of Lessor, which consent the Lessor covenants
and agrees shall not be unreasonably withheld. If the Lessor consents to the proposed alterations,
additions, or improvements, the same shall be at Lessee’s sole cost and expense, and Lessee shall
hold Lessor harmless on account of the cost thereof. Any such alterations shall be made at such
times and in such a manner as not to unreasonably interfere with the occupation, use, and
enjoyment of the remainder of the building by the other tenants thereof. If required by Lessor,
such alterations shall be removed by Lessee upon the termination or sooner expiration of the term
of this Lease, and Lessee shall repair damage to the premises caused by such removal, at Lessee’s
cost and expense. “Modular” furniture and walls that are free standing and unsecured either to the
floor or to the existing walls are not considered alterations for the purpose of this lease.

11. QUIET ENJOYMENT:

     (a) The Lessor covenants and agrees that Lessee, on paying said monthly rent and performing
the covenants herein, shall and may peaceably and quietly hold and enjoy the said leased premises
and common areas, including but not limited to parking areas, sidewalks, entrances, exits,
lobbies, rest rooms, and lounges for the term aforesaid. Nothing herein shall prohibit Lessor from
modifying or altering any common areas so long as a reasonable means of access is provided to the
Premises.

     (b) Relocation: Lessor shall be entitled to cause Lessee to relocate from the Premises to a
comparable space (a “Relocation Space”) within the Building at any time after reasonable written
notice of Lessor’s election (not less than sixty (60) days) is given to Lessee. Any such
relocation shall be entirely at the expense of the Lessor or the third party tenant replacing
Lessee in the Premises. Such a relocation shall not terminate or otherwise affect or modify this
Lease except that from and after the date of such relocation, “Premises” shall refer to the
Relocation Space into which Lessee has been moved, rather than the original Premises as herein
defined.

12. LESSOR’S RIGHT TO INSPECT AND DISPLAY: The Lessor shall have the right, at reasonable times
during the term of this Lease, to enter the leased premises for the purpose of examining or
inspecting same and of making such repairs or alterations as the Lessor shall deem necessary. The
Lessor shall also have the right to enter the leased premises at reasonable times during the term
of this lease, for the purpose of displaying said premises to prospective tenants within ninety
days prior to the termination of this Lease. Lessee will not allow to be placed upon the doors of
the Premises any new or additional locks without the written consent of the Lessor and without
delivering Landlord a duplicate key for the new or additional lock.

13. DESTRUCTION OF PREMISES:

     (a) If the leased premises are partially or totally destroyed by fire or other casualties,
such as to render them incapable of being used for the purpose intended, both the Lessor and the
Lessee shall have the option of terminating this Lease or any renewal thereof, upon giving written
notice at any time within thirty days from the date of such destruction, and if the Lease be so
terminated, all rent shall cease as of the date of such destruction and any prepaid rent shall be
refunded.

     (b) If such leased premises are partially damaged by fire or other casualty, or totally
destroyed thereby and neither party elects to terminate this Lease within the provisions of
paragraph (a) above or (c) below, then the Lessor agrees, at Lessor’s sole cost and expense, to
restore the leased premises to a kind and quality substantially similar to that immediately prior
to such destruction or damage. Said restoration shall be commenced within a reasonable time and
completed without delay on the part of the Lessor and in any event shall be accomplished within

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ninety days from the date of the fire or other casualty. In such case, all rents paid in advance
shall be proportioned as of the date of damage or destruction and all rent thereafter accruing
shall be equitably and proportionately suspended and adjusted according to the nature and extent
of the destruction or damage, pending completion or rebuilding, restoration, or repair, except
that in the event the destruction or damage is so extensive as to make it unfeasible for the
Lessee to conduct Lessee’s business on the leased premises, the rent shall be completely abated
until the leased premises are restored by the Lessor or until the Lessee resumes use and occupancy
of the leased premises, whichever shall first occur. The Lessor shall not be liable for any
inconvenience or interruption of business of the Lessee’s occasioned by fire or other casualty.

     (c) If the Lessor undertakes to restore, rebuild, or repair the premises, and such
restoration, rebuilding, or repair is not accomplished within ninety days, and such failure does
not result from causes beyond the control of the Lessor, the Lessee shall have the right to
terminate this lease by written notice to the Lessor within thirty days after expiration of said
ninety day period.

     (d) Lessor shall not be liable to carry fire, casualty, or extended damage insurance on the
person or property of the Lessee or any person or property which may now or hereafter be placed on
the leased premises by Lessee.

14. CONDEMNATION: If during the term of this Lease, or any renewal thereof, the whole of the
leased premises, or such portion thereof as will make the leased premises unusable for the purpose
leased, be condemned by public authority for public use, then, in either event, the term hereby
granted shall cease and come to an end as of the date of the vesting of title in such public
authority, or when possession is given to such public authority, whichever event last occurs. Upon
such occurrence, the rent shall be proportioned as of such date and any prepaid rent shall be
returned to the Lessee. The Lessor shall be entitled to the entire
award for such taking except
for any statutory claim of the Lessee for injury, damage, or destruction of Lessee’s business
accomplished by such taking. In no event shall the Lessor be liable to the Lessee for any business
interruption, diminution in use or for the value of any unexpired term of this Lease.

15. ASSIGNMENT AND SUBLEASE: Excepting assignment and/or sublease to an affiliated, subsidiary, or
parent company, the Lessee covenants and agrees not to encumber or assign this Lease or sublet all
or any part of the leased premises without the written consent of the Lessor, which consent the
Lessor covenants and agrees shall not be unreasonably withheld. Such assignment shall in no way
relieve the Lessee from any obligations hereunder for the payment of rents or the performance of
the conditions, covenants, and provisions of the Lease.

     In no event shall Lessee assign or sublet the leased premises for any terms, conditions, and
covenants other than those contained herein. In no event shall this Lease be assigned or be
assignable by operation of law or by voluntary or involuntary bankruptcy proceedings or otherwise,
and in no event shall this Lease or any right or privileges hereunder be an asset of Lessee under
any bankruptcy, insolvency, or reorganization proceedings. Lessor shall not be liable nor shall
the leased premises be subject to any mechanics, materialmans or other type liens, and Lessee
shall keep the premises and property in which the leased premises are situated free form any such
liens and shall indemnify Lessor against and satisfy any such liens which may obtain because of
Acts of Lessee notwithstanding the foregoing provision.

16. HOLDOVER: It is further covenanted and agreed that if the Lessee, any assignee, or sublessee
shall continue to occupy the leased premises after the termination of this Lease (including a
termination by notice under Paragraph twenty three), without prior written consent of the Lessor,
such tenancy shall be Tenancy at Sufferance. Acceptance by the Lessor of rent after such
termination shall not constitute a renewal of this Lease or a consent to such occupancy nor shall
it waive Lessor’s right of re-entry or any other right contained herein. The monthly rent during
the holdover period shall be at a rate of 150% the monthly rental amount paid in the month
immediately preceding the holdover period.

17. SUBORDINATION: Lessee’s rights under this lease are and shall always be subordinate to the
operation and effect of any mortgage, deed of trust, ground lease, assignment of leases, or other
security instrument or operating agreement now or hereafter place or governing the building or

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related improvements and land on which the leased premises are located, or any part thereof by
Lessor. This clause shall be self-operative, and no further instrument of subordination shall be
required. In confirmation thereof, Lessee shall execute such further assistance as may be
reasonably required by Lessor or any mortgagee, trustee, beneficiary, ground lessor, or assignee
under any such mortgage, deed of trust, ground lease, assignment of leases, or other security
instrument. The foregoing notwithstanding, any mortgage, trustee, beneficiary, lessee or assignee
may elect that this lease shall have priority over its mortgage, deed of trust, ground lease, or
other security instrument and upon notification of such election by any such mortgagee,
beneficiary or ground lessor to lessee, this lease shall be deemed to have priority over said
mortgage, deed of trust, ground lease, assignment of leases or other security instrument whether
this lease is dated prior to or subsequent to the date of such mortgage, deed of trust, ground
lease, assignment of leases or other security instrument. Lessee agrees to execute all instruments
reasonably requested by any such mortgage, trustee, beneficiary, ground lessor or assignee to
confirm such priority of subordination, as the case may be. Lessee hereby attorns to any
successors to landlord’s interest in this lease, and shall recognize such successor as landlord
hereunder. Lessee shall have the right to the peaceable possession of the leased premises for the
term of this lease and any extension or renewal thereof and shall not be disturbed in the event of
the termination or foreclosure of any mortgage, deed of trust, ground lease, assignment of leases,
or security instrument now or hereafter placed or governing the demised premises, such successor
in title to the Lessor hereunder shall acknowledge and confirm to the Lessee that the Lessee’s
right not to be disturbed in the event of the termination or foreclosure of any mortgage, deed of
trust, ground lease, assignment of leases, or security instrument now or hereafter placed or
governing the demised premises, such successor in title to the Lessor hereunder shall acknowledge
and confirm to the Lessee that the Lessee’s right to continue to occupy said premises pursuant to
the term of this lease shall in no wise be affected by such termination.

     Lessor hereby agrees not to disturb the peaceable possession of a Lessee under an Occupancy
Lease in accordance with the hereinafter provided provision so long as such Lessee performs its
obligations in accordance with such hereinabove provided provision.

18. INDEMNIFICATION: The Lessor shall not be liable for any damage or injury to any person or
property whether it be the person or property of the Lessee, the Lessee’s employees, agents,
guests, invitees or otherwise by reason of Lessee’s occupancy of the leased premises or because of
fire, flood, windstorm, Acts of God, or for any other reason beyond the control of the Lessor. The
Lessee agrees to indemnify and save harmless the Lessor from and against any and all loss, damage,
claim, demand, liability, or expense by reason of damage to person or property which may arise or
be claimed to have arisen as a result of the occupancy or use of said leased premises by the
Lessee or by reason thereof or in connection therewith, or in any way arising on account of any
injury or damage caused to any person or property on or in the leased premises, providing,
however, that Lessee shall not indemnify as to the loss or damage due to fault of Lessor.

19. RULES: Lessee will faithfully observe and comply with the following rules and regulations and
all reasonable modifications thereto adopted from time to time by Lessor. Rules currently in
force, until modified by Lessor, include the following:

     (a) Lessee will refrain from smoking inside the building at all times and will use designated
areas outside the premises for said smoking.

     (b) Lessee will not utilize chairs with casters unless placed upon a plastic chair mat to
protect the carpet thereunder.

     (c) Lessee will move furniture and office equipment to and from the building during the
normal workweek, absent written consent from Lessor to allow a move on weekends or holidays. A
charge of $100 will be levied for weekend or holiday moves.

     (d) Lessee will pay any penalty levied against landlord should Lessee cause a false alarm
activating the burglar alarm system in use in the building. The principal cause of false alarms are
opening the sliding glass doors anytime between 6:00 P.M. and 8:30 A.M. Monday through Friday and
at anytime during the weekends and legal holidays.

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20. CONSTRUCTION OF LANGUAGE: The terms lease, lease agreement, or agreement shall be
inclusive of each other, also to include renewals, extensions, or modifications to the Lease.
Words of any gender used in this Lease shall be held to include any other gender, and words in the
singular shall be held to include the plural and the plural to include the singular, when the
sense requires. The paragraph headings and titles are not a part of this Lease and shall have no
effect upon the construction or interpretation of any part hereof.

21. DEFAULT: In the event the Lessee shall default in the payment of rent or any other sums
payable by the Lessee herein, and such default shall continue for a period of thirty days after
written notice therefore, or if the Lessee shall default in the performance of any covenants or
agreements of this Lease and such default shall continue for thirty days after written notice
thereof, or if the Lessee should become bankrupt or insolvent or any debtor proceedings be taken
by or against the Lessee, then and in addition to any and all other legal remedies and rights, the
Lessor may declare the entire balance of the rent for the remainder of the term to be due and
payable and may collect the same by distress or otherwise, the Lessor may terminate this Lease and
retake possession of the leased premises, or enter the leased premises and relet the same without
termination, in which later event the Lessee covenants and agrees to pay any deficiency after
Lessee is credited with the rent thereby obtained less all repairs and expenses (including the
expenses of obtaining possession), or the Lessor may resort to any two or more of such remedies or
rights, and adoption of one or more such remedies or rights shall not necessarily prevent the
enforcement of others concurrently or thereafter.

     The Lessee also covenants and agrees to pay reasonable attorney’s fees, costs and expenses of
the Lessor, including court costs, if the Lessor employs an attorney to collect the rent or
enforce other rights of the Lessor herein and the Lessor is the prevailing party in such action.

     In the event that Lessor shall be in default of this agreement due to lack of providing the
services described herein, for a period of thirty days after written notice of such default, the
Lessee shall have the option to terminate this agreement at that time and shall be free of all
obligations hereunder including the obligation to pay rent.

22. SUCCESSORS AND ASSIGNS: This lease shall bind and inure to the benefit of the successors,
assigns, heirs, executors, administrators, and legal representatives of the parties hereto.

23. NON-WAIVER: No waiver of any covenant or condition of this Lease by either party shall be
deemed to imply or constitute a further waiver of the same covenant or condition or any other
covenant or condition of this Lease, unless there is written approval by and between Lessor and
Lessee.

24. AUTOMATIC RENEWAL: This Lease shall stand renewed for successive additional terms equal to the
original term of this Lease as set forth in Paragraph One (excluding any lease with a term less
than twelve (12) months) unless either party shall, not less than sixty days prior to the end of
the term hereof, or not less than sixty days prior to the end of any renewal term, by written
notice to the other party, terminate the same. Failure of either parties to serve such written
notice of termination on the other party shall extend the term of this Lease for an additional
period equal to the original term of this Lease and obligate the Lessee to all the terms and
conditions hereof for such renewal term, including the obligation to pay rent thereof, as set
forth herein.

25. SECURITY DEPOSIT: The Lessee, concurrently with the execution of this Lease, has deposited
with the Lessor the sum of One-Thousand Three Hundred and Twenty Dollars
($1,320.00) already received, the receipt being hereby noted as follows: Check Number:
23268—. Which sum shall be retained by the Lessor as security for the condition of the leased
premises and for the faithful performance of the covenants of this Lease. If at any time the Lessee
shall be in default in any of the provisions of this Lease, the Lessor shall have the right to use
said deposit, or so much thereof as may be necessary in payment of any expenses incurred by the
Lessor in and about the curing of any default by said Lessee, and/or in payment of any damages
incurred by the Lessor by reason of such default of the Lessee, or at the Lessor’s option, the same
may be retained by the Lessor in liquidation of part of the damages suffered by the Lessor by
reason of default of the Lessee. Upon termination and vacation of the said leased premises, the
security

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deposit shall be returned to the Lessee after the Lessee has paid all outstanding charges, a
final walk-through has been completed, and no damage has been done to the premises.

26. TELEPHONE, ANSWERING AND MISCELLANEOUS SERVICES: Lessor has included one telephone instrument
and one-line answering service for the term of the lease agreement and any renewals thereof (cost
for additional lines and telephones is based on attached schedule Attachment A). Lessee shall also
pay Lessor $75 per month for T-1 internet services rendered for the term of the lease. Lessee
shall also pay Lessor for services rendered on an as use basis for secretarial or any other
services in accordance with the fee schedule Attachment A (rates are subject to periodic change
with 30 days prior notice).

     In WITNESS WHEREOF, Lessee and Lessor have caused this instrument to be executed as of the
date first above written, by their respective officers or parties thereunto duly authorized.

	 	 	 	 	 	 	 	 	 	 	 
	Dated:

	 	9-28-06
	 	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
		 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
		 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Title:
	 	Branch Manager	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Dated:

	 	
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Southpoint Square I,
Ltd.	 	 
	 	 	 	 	 	 	(LESSOR)	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Witness	 	 	 	 	 		 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Title:
	 	Managing General Partner	 	 

7

 

ADDENDUM

March 15, 2007

     To Lease Agreement dated September 28, 2006, by and between SOUTHPOINT SQUARE I, LTD.,
Lessor, and MISENER MARINE CONSTRUCTION, INC., Lessee, to wit:

     It is understood and agreed that the referenced lease is renewed for another six (6) month
period commencing April 1, 2007 and terminating on September 30, 2007. And, that the monthly
rental rate shall remain the same, specifically, $2,095.00 plus sales tax of $146.65 for a total
of $2,241.65.

     All other terms and conditions of said Lease shall remain in full force and effect.

     In WITNESS WHEREOF, Lessee and Lessor have caused this instrument to be executed as of the
date first above written, by their respective officers or parties thereunto duly authorized.

	 	 	 	 	 	 	 	 	 	 	 
	Dated:

	 	March 16, 2007
	 	 
	 	 	 	 	 	 
	 	 	 	 	 	 	Misener Marine
Construction, Inc.	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Title:
	 	Branch Manager	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Southpoint Square I,
Ltd.	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	/s/ [ILLEGIBLE]	 	 	 		 		 	 
	 	 	 	 	 	 	 	 	 
	Witness	 	 	 	 	 		 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Title:
	 	Managing General Partner	 	 

 

ADDENDUM

March 15, 2007

     To Lease Agreement dated September 28, 2006, by and between SOUTHPOINT SQUARE I,
LTD., Lessor, and MISENER MARINE CONSTRUCTION, INC., Lessee, it wit:

     It is understood and agreed that the referenced lease is renewed for another six (6) month period
commencing April 1, 2007 and terminating on September 30, 2007. And, that the monthly
rental rate shall remain the same, specifically, $2,095.00 plus sales tax of $146.65 for a total of
$2,241.65.

     All other terms and conditions of said Lease shall remain in full force and effect.

     In WITNESS WHEREOF, Lessee and Lessor have caused this instrument to be executed as of
the date first above written, by their respective officers or parties thereunto duly authorized.

Dated: March 16, 2007

	 	 	 	 	 	 	 
	 	 	 	 	Misener Marine Construction, Inc.
	 	 	 	 	 
	 	 	 	 	(LESSEE)
	 
	 	 	 	 	 	 
	/s/ Michele Moore

	 	 	 	By:
	 	/s/ Craig Sivert
	 	 	 	 	 	 	 
	Witness

	 	 	 	 	 	Craig Sivert
	 
	 	 	 	 	 	 
	 

	 	 	 	Title:
	 	Branch Manager
	 
	 	 	 	 	 	 
	Dated: March 19, 2007
	 	 	 	 	 	 
	 	 	 	 	Southpoint Square I, Ltd.
	 	 	 	 	 
	 	 	 	 	(LESSOR)
	 
	 	 	 	 	 	 
	(Illegible)

	 	 	 	By:
	 	/s/ Roberta C. Birch
	 

	 	 	 	 	 	 
	Witness

	 	 	 	 	 	Roberta C. Birch
	 
	 	 	 	 	 	 
	 

	 	 	 	Title:
	 	Managing General Partnerexv10w6

 

Exhibit 10.6

LEASE

THE STATE OF TEXAS §

COUNTY OF CALHOUN §

     This lease is made and executed by and between the CITY OF PORT LAVACA, TEXAS, a home rule
municipality duly incorporated under the laws of he State of Texas, hereinafter called “CITY”
and KING FISHER MARINE SERVICE, INC, having their principal place of business in Port Lavaca,
Calhoun County, Texas, hereinafter called “LESSEE”.

1. GRANT OF LEASE

     CITY hereby leases to LESSEE AND LESSEE leases from CITY herein provided a certain 2.637 acre
parcel of land located at, Harbor of Refuge, Port Lavaca, Texas particularly described in Exhibit
“A” attached hereto and made a part hereof.

2. TERM

     The primary term of this lease shall begin on the following date: July 1, 1997 and shall
extend for a period of five (5) years or unless sooner terminated by mutual agreement by and
between the parties hereto or under and pursuant to the terms of this agreement hereinafter set
out.

3. RENTAL CONSIDERATION

     LESSEE shall pay CITY as rent therefor during said term the following:

     The rent for the leased premises is THIRTEEN THOUSAND TWO HUNDRED NINE AND 72/100
DOLLARS ($13,209.72) per year.

     The minimum rental for the primary term is payable in monthly installments commencing on the
effective date hereof in the amount of One Thousand One Hundred and 81/100 Dollars ($1,100.81) and
continuing on the first day of each month in the same amount for the duration of this lease except
that the rental rates each year (beginning January 1 of each year) shall increase by the same
percentage as the amount of the percentage increase in the National Consumer Price Index as of
January 1 of the previous year.

4. LEASE OPTION

     LESSEE is hereby given the express option to renew this lease

 

 

agreement as follows: Two (2) additional periods of five (5) years each on the same terms and
conditions as contained herein.

     In the event LESSEE wishes to exercise its said option for any renewal period, it shall give
CITY sixty (60) days notice in writing prior to the termination of each period respectively.

5. UTILITIES

     LESSEE agrees to pay all gas, electric, water sewage and other utility charges.

6. RIGHT TO INSPECT

     CITY has no duty to inspect said premises to determine the need for repairs or to
determine if LESSEE is maintaining the premises and/or any buildings of structures: however, CITY
may at any reasonable time enter the premises and inspect the same to determine if LESSEE is
complying with the covenants contained in this lease.

7. LAWS AND REGULATIONS

     In the use of the premises herein leased, the LESSEE shall conduct its business thereon in
compliance with all valid ordinances and/or regulations of the CITY and all laws of the STATE OF
TEXAS, UNITED STATES OF AMERICA and/or STATE or FEDERAL regulatory agencies, and/or any amendments
thereto.

8. WASTE

     LESSEE shall not permit the accumulation of waste or of refuse matter on the premises.

9. ASSIGNMENT

     LESSEE shall not without first obtaining the written consent of’ CITY, assign, sublet,
pledge, mortgage or encumber this lease in whole or in part or sublet the premises or any part
thereof. This covenant shall be binding upon the legal representatives of LESSEE and upon every
person to whom LESSEE’S interest under this lease passes by operation of law, if any. No
consent on the part of the CITY shall operate as a release of the duties of LESSEE unless said
release is in writing and specifically states LESSEE has been relieved of its duties and
obligations included in this agreement.

10.
SHOW PREMISES

 

 

     During the twelve (12) months prior to termination this lease CITY may show the
premises to prospective tenants, during business hours upon reasonable notice to LESSEE.

11. CONSTRUCTIVE EVICTION

     LESSEE shall not be entitled to claim a constructive eviction
from the premises unless; 1) LESSEE shall have first notified CITY
in writing of the condition or conditions given rise hereto and 2) if the complaints be justified,
CITY shall have failed within a reasonable time after receipt of such notice to remedy such
condition.

12. LIEN 

     LESSEE hereby gives and grants to CITY a landlord’s lien on all goods, wares, merchandise and
fixtures belonging to LESSEE, located on said premises, to secure the payment of the rentals herein
agreed to be paid, and any and all other sums of money to become due and owing by LESSEE to CITY
under the terms of this agreement. This lien shall be subordinate to any security agreement,
mortgage, bond or debenture LESSEE executes and/or delivers encumbering the subjects of
this Section.

13. INDEMNIFICATION AND LIABILITY

     LESSEE covenants and agrees to indemnify and save CITY harmless from all damages, claims and
demands of any person or persons by reason of the operation and conduct of the business of LESSEE
on the leased premises and for any condition existing on the leased premises under control of
LESSEE and in any suit or action for damages arising from the negligence of LESSEE in this
respect, in which action CITY is included or made a defendant, and LESSEE agrees to assume all of
the burden, cost and expense of the defense or settlement of suitor causes of action, including
attorney’s fee in the defense or settlement of such action, or claim, and will well and truly pay
all judgment which may be obtained against CITY, as provided for in this paragraph.

14. INSURANCE

     LESSEE further covenants and agree that it will at all times during the term of this lease,
or any extension thereof, at its own expense, maintain and keep in force liability insurance
insuring

 

 

LESSEE in the amount of FIVE HUNDRED THOUSAND DOLLARS ($500,000.00) per accident, TWO HUNDRED
FIFTY THOUSAND DOLLARS ($250,000.00) per person for injury to any one person or any one occurrence
and TWENTY-FIVE THOUSAND DOLLARS ($25,000.00) for property damage, against loss, liability or damage
which may result from accident or casualty whereby any person or persons whomsoever may be injured
or killed or sustain property damage on the leased premises. LESSEE shall furnish an endorsement
naming CITY as an additional insured.

15. PEACEFUL POSSESSION

     CITY covenants that LESSEE shall peaceably and quietly have, hold and enjoy the premises herein
mentioned subject to provisions of this lease and mortgages, liens or deeds of trust created
thereafter.

16. REDELIVERY

     Upon the termination of this lease, from whatever cause, LESSEE shall deliver to CITY
peaceable possession of the entire premises, in as good condition as it was received, except
deterioration by ordinary wear and tear, and/or damage by fire or acts of God.

17. HOLDING OVER

     In the event LESSEE should hold over or be permitted to hold over or occupy said premises
after the expiration of the term of said lease, or after the termination hereof pursuant to the
provisions herein contained, such holding over by LESSEE shall not be deemed a renewal or
extension of this lease in any way, but LESSEE shall after such termination, be deeded a tenant
wholly at the will of CITY.

18.
REMEDIES ON DEFAULT

     The debt created herein can be matured and the lease herein granted can be terminated by CITY
in the following circumstances:

     a) Should default be made by LESSEE in the payment of any payment and should default continue
for a period of thirty (30) days, then CITY may mail notice of such default and thirty (30) days
after the date of mailing of such notice of default to LESSEE then in such event CITY may declare
all of said rent for the entire term of said lease due and payable and/or terminate the lease and

 

 

all rights of LESSEE to possession under the terms of this lease and it shall be lawful
for CITY, its agents or assigns to enter upon the said premises and or part thereof either with or
without process of law without incurring any legal responsibility therefor. in the event said
power to terminate is exercised by CITY, it shall not constitute an election or waiver of any
right of CITY.

     b) If LESSEE shall breach any other condition or neglect or refuse to perform any of the
covenants and/or agreements herein contained, or in case the said LESSEE shall assign or sublet the
premises or any part thereof to any person, firm or corporation without the written consent of
CITY, then in any of those events CITY may give written notice of said breach or attempted breach
setting out the nature thereof, and if the same is not corrected within thirty (30) days after such
notice, then CITY can mature the indebtedness created by this lease and the same will be
immediately due and payable and CITY can terminate this lease and re-enter said premises as
provided in (a) above.

19. DAMAGED PREMISES

     In case of loss or damage to the premises herein leased by storm water or any other cause
whatsoever, so that use thereof by LESSEE is impossible, if CITY does not deem it
advisable, in its sole and unlimited discretion, to repair or replace the land and/or improvements
herein lease, CITY shall, within thirty (30) days after the loss from any of the foregoing causes,
notify LESSEE in writing of CITY’S election not to repair or replace said land and/or
improvements, in which event LESSEE may repair the premises or terminate the lease with regard to
the payment of rentals and the term hereof, and for any other purposes, SAVE AND EXCEPT, that
LESSEE shall have a continuing duty to deliver up to the CITY possession of the
premises in as good condition as is reasonably possible under all the circumstances then existing.
If said land and/or improvements are seriously damaged by storm waters or any cause as aforesaid,
the CITY, if it deems it advisable in its sole and unlimited discretion to do so, may repair or
replace said land, using reasonable diligence in so doing to the end that the entire premises may
be placed in a tenantable condition as soon as it

 

 

reasonably possible after such loss or damage in which event this lease shall continue in full
force and effect; PROVIDED, HOWEVER, that during the term that such premises are not in
tenantable condition, the LESSEE shall be relieved of its obligation to pay the rental thereon
until such premises are again rendered tenantable.

20. REMOVAL OF CERTAIN ITEMS

     LESSEE shall upon the expiration of this lease remove all property placed on said premises by
LESSEE, save and except any permanent improvements so attached to the premises that their
removal will cause permanent damages to the premises.

21. RELATIONSHIP

     It is strictly understood that the only relationship between the parties hereto is
LESSOR-LESSEE and the parties have no intention of entering a partnership or joint venture or any
other similar relationship by virtue of this agreement.

22. WAIVERS

     CITY’S waiver of breach of one covenant and condition of this lease is not a waiver or breach
of others or of a subsequent breach of the one waived. CITY’S acceptance of rent installations
after breach is not a waiver of the breach except of the breach of the covenant to pay the rent
installment or installments accepted.

23. RECEIVERSHIP

     Appointment of a receiver to take possession of LESSEE’S assets, LESSEE’S general assignment
for benefit of creditors, or LESSEE’S insolvency or taking or suffering action under the
Bankruptcy Act is a breach of this lease.

24. DOCKING RIGHTS

     In addition to the land area contained in the metes and bounds description, the LESSEE shall
have exclusive docking rights insofar and only insofar as the City of Port Lavaca has authority to
grant exclusive docking rights, along the entire water frontage of the leased area. The exclusive
docking privilege shall be subject to any existing tariff then on file with the proper
authorities. Also, any vessel in distress or unable to navigate safely may tie up to the leased
area temporarily and until the vessel can be towed

 

 

away or moved at the direction of a duly authorized representative of the City of Port Lavaca.

25. ENVIRONMENTAL CLAUSE

     1. Definitions. For the purposes of this Lease Agreement, the parties agree that,
unless the context otherwise specifies or requires, the following terms shall have the meaning
herein specified:

	 	(a)	 	“Governmental Authority” shall mean the United
States, the state, the county, the city, or any other political
subdivision in which the Premises are located, and any other
political subdivision, agency or instrumentality exercising
jurisdiction over Lessee or the Premises.
	 
	 	(b)	 	“Governmental Requirements” shall mean all laws,
ordinances, rules, and regulations of any Governmental Authority
applicable to Lessee or the premises.
	 
	 	(c)	 	“Hazardous Materials” shall mean (a) any “hazardous
waste” as defined by the Resource Conservation and Recovery Act of 1976
(42 U.S.C. Section 6901 et seq.), as amended from time to time, and
regulations promulgated thereunder; (b) any “hazardous substance” as
defined by the Comprehensive Environmental Response, Compensation and
Liability Act of 1980 (42 U.S.C. Section 9501 et seq.)
(“CERCLA”) as amended from time to time, and regulations
promulgated thereunder; (c) asbestos; (d) polychlorinated biphenyls;
(3) underground storage tanks, whether empty, filled or partially filled
with any substance, (f) any substance the presence of which on the
premises is prohibited by any Governmental Requirements; and (g)
any other substance which by any Governmental Requirements

 

 

	 	 	 	requires special handling or notification of any federal, state or local
governmental entity in its collection, storage, treatment, or disposal.

	 
	 	(d)	 	“Hazardous Materials Contamination” shall mean the contamination of
the premises, facilities, soil groundwater, air or other elements on or of
the premises by Hazardous Materials, or the contamination of the buildings,
facilities, soil, groundwater, air or other elements on or of any other
property as a result of Hazardous Materials at any time emanating from the
premises.

     2. Prior to executing this Lease Agreement Lessor and Lessee have conducted a surface
inspection of the premises and agree that the premises appear to be free of any Hazardous
Materials Contamination.

     3. Lessee’s Covenants. Lessee agrees to (a) not allow the release of any Hazardous
Materials on, onto or from the leased premises that could result in (i) a violation of any
Governmental Requirements or in the creation of liability or obligations, including without
limitation, notification, deed recondition, or remediation, under any Governmental
Requirements, or (ii) a diminution in value of the leased premises, and Lessee further
agrees not to handle, use, or otherwise manage, and to cause occupants not to manage, any
Hazardous Material in violation of any Governmental Requirements or in any but a reasonable
and prudent manner so as to prevent the release or threat of release of any Hazardous
Material on, onto, or from the leased premises;

 (b) give notice to Lessor immediately upon
Lessee’s acquiring knowledge of the presence of any Hazardous Matarials on the premises or
of any Hazardous Materials Contamination with full description thereof; (c) promptly comply
with any Governmental Requirements requiring the removal, treatment or disposal of such
Hazardous Materials or Hazardous Materials Contamination and provide Lessor with
satisfactory evidence of such compliance; (d)

 

 

provide Lessor, within thirty (30) days after demand by Lessor, with a bond, letter of credit or
similar financial assurance evidencing to Lessor’s satisfaction that the necessary funds are
available to pay the cost of removing, treating and disposing of such Hazardous Materials or
Hazardous Materials Contamination and discharging any assessments which may be established on the
premises as a result thereof; and (e) allow Lessor access to the premises for purposes of
inspection for Hazardous Materials Contamination.

4. Indemnification With Regard to Hazardous Waste. Lessee shall defend, indemnify and hold
harmless Lessor from any and all liabilities (including strict liability), actions, demands,
penalties, losses, costs or expenses (including, without limitation, attorneys’ fees and expenses,
and remedial costs), suits, costs of any settlement or judgment and claims of any and every kind
whatsoever which may now or in the future be paid, incurred or suffered by or asserted against
Lessor by any person or entity or governmental agency for, with respect to, or as a direct or
indirect result of, the presence on or under, or the escape, seepage, leakage, spillage,
discharge, emission or release from the premises or any Hazardous Materials or any Hazardous
Materials Contamination or arise out of or result of the environmental condition of the premises
or the applicability of any Governmental Requirements relating to Hazardous Materials (including,
without limitation, CERCLA or any federal, state or local so-called “Superfund” or “Superlien”
laws, statute, law ordinance, code, rule, regulation, order or decree), unless caused by Lessor.
The representations, covenants, warranties and indemnifications contained in this section shall
survive the termination of this Lease Agreement.

     5. Lessor’s Right to Remove Hazardous Materials. Lessor shall have the right but not
the obligation, without in any way limiting Lessor’s other rights and remedies under this Lease
Agreement, to enter onto the premises or to take such other actions as it deems necessary or
advisable to clean up, remove, resolve or minimize the impact of, or otherwise deal with, any
Hazardous

 

 

Materials or Hazardous Materials Contamination on the premises following receipt of any notice
from any person or entity asserting the existence of any Hazardous Materials or Hazardous
Materials Contamination pertaining to the premises or any part thereof which, if true, could
result in an order, suit, imposition of a lien on the premises. All costs and expenses paid or
incurred by Lessor in the exercise of any such rights shall be payable by Lessee upon demand.

26. SUCCESSORS

     This lease shall be binding upon and shall inure to the benefit of the parties hereto and their
respective successors in interest, heirs, executors, administrators and assigns, except as herein
otherwise provided.

27. LIMITED WARRANTY

     CITY hereby warrants that it has done nothing to encumber the title to said premises except
to grant an easement over the entire premises to the United States of America, this easement is
made subject thereto and the laws of the United States of America covering harbors of refuge.

28. PARAGRAPH HEADINGS

     The paragraph headings in this lease are intended for convenience only and shall not be taken
into consideration in any construction or interpretation of this lease or any of its provisions.

29. TERMS, SINGULAR AND PLURAL

     The terms of CITY and LESSEE and the pronouns used herein in referring to CITY and
LESSEE shall always mean and include the proper gender and the applicable singular or plural for
the party or parties herein named.

30. NOTICE

     Any notice required by this lease shall be sent to the respective party as follows:

CITY:

CITY OF PORT LAVACA

P.O. BOX 105

PORT LAVACA, TEXAS 77979

ATTENTION: CITY MANAGER

 

 

LESSEE:

King Fisher Marine Service, Inc

P.O. Box 108

Port Lavaca, Texas 77979

31. INGRESS AND EGRESS

     CITY
reserves for itself, the right of unlimited ingress and egress (at any time and
under any circumstances) across said premises either from land or the water and/or for the purpose
or patrolling, inspecting, maintaining, repairing, and operating all utilities located on said
premises or the harbor. Right of ingress and egress along existing or constructed roadways, is also
reserved to CITY and its assigns for the purpose of crossing said premises at any time and
under any condition to reach any other City-owned leased area, ramp, dock or tract which is located
on the harbor. CITY shall not have the right, however, without LESSEE’S written consent, to permit,
license, or allow traffic over the herein leased premises to and from any privately owned tract or
tracts.

32. SPECIAL PROVISIONS

     a) It is expressly understood that LESSEE will obtain written approval from CITY through its
Port Commission on any construction plans for docks, wharves, bulkhead or any other improvements
on leased premises and all maintenance thereto will be the sole responsibility of LESSEE.

     b) The property subject of this lease may be used by Lessee for its own fabrication, supply,
tender and/or storage site and Lessee shall be allowed to charge other users for similar
activities conducted on the site.

     c) Lessee may now use and improve an existing road across contiguous city property for the
purpose of entering and/or leaving the leased property, Lessee may obtain necessary fill dirt from
the leased property so long as it uses proper dirt removing and sloping techniques. Extension of
utility services to the leased premises shall be responsibility of the Lessee. Lessee shall be
allowed to create and maintain a 12 foot channel along the leased premises.

     This Agreement shall be construed under, and in accordance with, the laws of the State of
Texas, and all obligations of the parties created by this Agreement are performable in Calhoun
County, Texas.

 

 

     This Agreement constitutes the sole and only Agreement of the parties to the Agreement
and supersedes any prior understanding or written or oral agreements between the parties
respecting the subject matter of this Agreement.

     This lease shall be effective upon signatures by the parties concerned.

     In WITNESS WHEREOF, this agreement has been signed, sealed and delivered in duplicate
originals, this
23rd
day of June, 1997.

	 	 	 	 	 
	 	THE CITY OF PORT LAVACA, TEXAS

 	 
	 	By:  	/s/
[ILLEGIBLE]
 	 
	 	 	MAYOR     	 
	 	 	 	 
	 

	 	 	 
	ATTEST:
	 	 
	 
	 	 
	/s/ Barbara Gibson
 

CITY SECRETARY

	 	 

	 	 	 	 	 
	 	KING FISHER MARINE SERVICE INC.

 	 
	 	/s/
Waymon Boyd
 	 
	 	WAYMON BOYD, PRESIDENT 	 
	 	 	 
	 

	 	 	 	 	 
	THE STATE OF TEXAS

	 	§
	 	 
	 
	COUNTY OF CALHOUN

	 	§
	 	 

     BEFORE ME, the undersigned authority, on this day personally appeared TINEY BROWNING, Mayor
of the City of Port Lavaca, Texas, a home rule municipality duly incorporated under the laws of
the State of Texas, known to me to be the person whose name is subscribed to the foregoing
instrument, and acknowledged to me that he executed the same for the purposes and consideration
therein expressed, and in the capacity therein stated.

     GIVEN
UNDER MY HAND AND SEAL OF OFFICE on this the
23rd
day of June, 1997.

 

 

	 	 	/s/
Charlotte Flowers

	

	 	NOTARY PUBLIC IN AND FOR
CALHOUN COUNTY, TEXAS

MY COMMISSION EXPIRES: 4/6/98

	 	 	 	 	 
	THE STATE OF TEXAS

	 	§
	 	 
	 
	COUNTY OF CALHOUN

	 	§
	 	 

     BEFORE
ME, the undersigned authority, on this day personally appeared WAYMON BOYD, known
to me to be the person whose name is subscribed to the foregoing instrument, and acknowledged to me that
he executed the same for the purposes and consideration therein expressed, in the capacity therein stated and as the act and deed
of said corporation.

     GIVEN
UNDER MY HAND AND SEAL OF OFFICE on this the
20th day
of June, 1997.

	 
	 	 	/s/
Laveme
Miller

	

	 	NOTARY PUBLIC IN AND FOR
CALHOUN COUNTY, TEXAS

MY COMMISSION EXPIRES: 09/16/98

 

 

	Vol. 345 pg. 144

	 	 	 	 
	 	2.637 Acres

	 	Part of Maximo Sanchez Survey,
	 	 

	 	A-35, Calhoun County, Texas.

	 	 	 	 	 	 
	 	STATE OF TEXAS

	 	§
	 	 
	 
	 	COUNTY OF CALHOUN

	 	§	 	 

FIELDNOTE
DESCRIPTION of a tract or parcel of land containing 2.637 acres situated in and a
part of the Maximo Sanchez Survey, A-35, Calhoun County, Texas. Said 2.637 acres is
also described as being in and a part of the City of Port Lavaca Harbor of Refuge tract
described in Volume 305. pages 1195-1197 Deed Records of Calhoun County, Texas, This
2.637 acres is more fully described by metes and bounds as follows:

BEGINNING at a point in the North line of the East-West Basin of the Harbor
Refuge for a Southwest corner of the herein described 2.637 acres. Said point
bears S 07° 20’ 28” E, 435.6 feet and N 82° 39’ 32” E, 540.0 feet from a
l1/2 inch
iron pipe in concrete found in the South line of Pinta
Street marking the Northeast corner of Farmland Industries’ 5.0 acre lease tract
of record in Volume 261, page 551 of the Deed Records of Calhoun County, Texas.

THENCE,
N 07° 20’ 28” W for a distance of 150.0 feet to a point for the
Northwest corner of this 2.637 acres being described;

THENCE, N 82° 39’ 32” E for a distance of 264.01 feet to a point in the West
line of a 40.0 feet wide road reserve for the Northeast corner of the tract;

THENCE, S 00° 25’ 14” E with the said West line of a 40.0 feet wide
road reserve for a distance of 220.5 feet to a point of angle to
the left;

THENCE, S 34° 22’ 00” E continuing with the Southwest line of the
said 40.0 feet wide road reserve for a distance of 427.79 feet to
a point for the Southeast corner of the herein described 2.637
acres;

THENCE,
S 82° 39’ 32” W for a distance of 281.84 feet to a point
in the East line of the North-South Basin of the Harbor of Refuge for a
Southwest corner;

THENCE, N 07° 20’ 28” W with the said East line of North-South Basin for a
distance of 450.0 feet to a 5/8 inch iron rod found marking the Northeast
corner of the said Harbor of Refuge Basin and an interior corner of this 2.637
acres being described;

THENCE, S 82° 39’ 32” W with the North line of the East-West Basin for a distance
of 150.0 feet to the PLACE OF BEGINNING; CONTAINING within these metes and bounds
2.637 acres situated in and a part of the Maximo Sanchez Survey, A-35, Calhoun
County, Texas.

The foregoing FIELDNOTES were prepared from an actual on the ground survey made under my
direction and supervision in February 1981, and from
calculations made in my office in June 1981,
and is true and correct to the best of my knowledge and belief.

	 	 	 	 
	 	

	 	

/s/ David W. Gann
 
David W. Gann
Registered Public Surveyor
No. 3816

 

 

 

 

April 8, 2002

Port Lavaca Port Commission

City of Port Lavaca

P. O. Box 105

Port Lavaca, TX 77979

	 	 	 
	Attention:

	 	Ms. Barbara Gibson
	 

	 	City Secretary

	 	 	 
	RE:

	 	Harbor of Refuge, Lease of 2.63 Acres and 3.98 Acres of Land BID PROPPOSAL DUE JUNE 12, 2002 at 10:30 A.M.

Dear Ms. Gibson,

     Please accept this letter to lease the above referenced tracts of land, exercising our
1st of two options for 5 years each. We realize that our lease will be issued under the
same conditions as the original lease and will be at the current prevailing rate, with our
2nd option renewing in the year 2007.

TRACT I:

2.63 acres of land, more or less, situated in and being a part of the Maximo
Sanchez Survey, A-35, Calhoun County, Texas being in and a part of the City of Port
Lavaca Harbor of Refuge Tract described in Vol. 305, Page 1195 of the Deed of
Records Calhoun County, Texas and

 

 

Port Lavaca Port Commission

City of Port Lavaca

April 8, 2002

Page 2

 

TRACT II:

3.98 acres of land, more or less, situated in and being a part of the Maximo
Sanchez Survey, A-35, Calhoun County, Texas being in and a part of the City of
Port Lavaca Harbor of Refuge Tract described in Vol. 305, Page 1195 of the Deed of
Records Calhoun County, Texas.

     If additional information is needed, please feel free to call me any time.

Sincerely,

King Fisher Marine Service, Inc.

Wayne Boyd

President

WB/tb

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