Document:

Exhibit
10.2

 

UNITED
STATIONERS INC.

2004 LONG-TERM INCENTIVE PLAN

NON-QUALIFIED STOCK OPTION GRANT

[For Employees]

 

«FirstName»«LastName»

«Street»

«BoxApart»

«City»,
«State» «Zip»

 

Dear «FirstName»:

 

Effective as of
                ,
2004 (the “Grant Date”), you have been granted the stock option (the “Option”)
described in this letter (the “Letter”). 
The Option is granted by United Stationers Inc. (the “Company”) pursuant
to the Company’s 2004 Long-Term Incentive Plan (the “Plan”).  Unless otherwise specified, capitalized terms
in this Letter have the respective meanings specified in the Plan.

 

(1)                            Grant.  Subject to the terms of the Plan and this
Letter, the Option permits you to purchase from the Company «Grant» shares of Stock of the Company (the
“Covered Shares”) at
$                  
per share.  The number of shares and the
price per share are subject to adjustment as provided in the Plan.  It is intended that the Option shall not be
treated as an incentive stock option (as such term is defined in Section 422 of
the Internal Revenue Code of 1986, as amended).

 

(2)                            Vesting.  Subject to the limitations of this Letter,
each installment (the “Installment”) of Covered Shares of the Option shall be
vested and exercisable on and after the vesting date (the “Vesting Date”) for
such Installment as described in the following schedule (but only if your Date
of Termination has not occurred before the Vesting Date):

 

	
  INSTALLMENT

  	
   

  	
  VESTING DATE

  
	
  One-third of the
  Covered Shares

  	
   

  	
  One-year
  anniversary of Grant Date

  
	
  One-third of the
  Covered Shares

  	
   

  	
  Two-year
  anniversary of Grant Date

  
	
  One-third of the
  Covered Shares

  	
   

  	
  Three-year
  anniversary of Grant Date

  

 

The Option may not be
exercised for fractional shares of Stock. 
If the number of shares of Stock constituting an “Installment” in
accordance with the foregoing schedule (without regard to this sentence) is not
a whole number of shares, the Installment shall be rounded down to the next
lowest whole share, and the number of shares of Stock subject to the next
Installment shall equal the sum of the number of shares determined in
accordance with the foregoing schedule plus the fractional share carried over
from the prior Installment.  If this sum
is not a whole number of shares of Stock, the Installment shall be rounded down
to the next lowest whole share, and any fractional share shall be carried over
to the next Installment as described in the preceding sentence.  In the event of a Change of Control or an
Anticipated Change of Control, the Option shall become vested and exercisable
prior to 

 

 

the dates specified in
the foregoing provisions of this Paragraph 2 to the extent expressly provided
in the Plan.  Subject to the preceding
sentence, the Option may be exercised on or after your Date of Termination only
as to that portion of the Covered Shares for which it was exercisable
immediately prior to your Date of Termination, or became exercisable upon your
Date of Termination.

 

(3)                            Expiration
of Option.  The Option shall not be
exercisable after 5:00 p.m. Central Time on the last business day that occurs
on or prior to the Expiration Date.  The
“Expiration Date” shall be the earliest to occur of:

 

(a)                                  the
ten-year anniversary of the Grant Date;

 

(b)                                 if
your Date of Termination occurs by reason of death, Retirement, or Permanent
and Total Disability, the one-year anniversary of such Date of Termination; or

 

(c)                                  if
your Date of Termination occurs for reasons other than death, Retirement, or
Permanent and Total Disability, the 90-day anniversary of such Date of
Termination.

 

(4)                            Payment.  Unless the Committee otherwise provides, the
Option may be exercised by giving written notice to the Treasurer of the
Company, stating the number of shares of Stock with respect to which the Option
is being exercised and tendering payment therefor.  The payment of the Exercise Price of the
Option granted under this Paragraph 4 shall be subject to the following:

 

(a)                                  Subject
to the following provisions of this Paragraph 4, the full Exercise Price for
shares purchased upon the exercise of any Option shall be paid at the time of
such exercise (except that, in the case of an exercise arrangement approved by
the Committee, and described in Subparagraph 4(c), payment may be made as soon
as practicable after the exercise).

 

(b)                                 The
Exercise Price shall be payable in cash, or by tendering, by either actual
delivery of shares or by attestation, shares of Stock acceptable to the
Committee, and valued as of the day of exercise, or in any combination thereof,
all as determined by the Committee.  The
Committee may limit payments made with shares of Stock pursuant to this
Subparagraph 4(b) to shares held by you for not less than six months prior to
the payment date.

 

(c)                                  Subject
to applicable law, the Committee may permit you to elect to pay the Exercise
Price upon the exercise of the Option by irrevocably authorizing a third party
to sell shares of Stock (or a sufficient portion of the shares) acquired upon
exercise of the Option and remit to the Company a sufficient portion of the
sale proceeds to pay the entire Exercise Price and any tax withholding
resulting from such exercise.

 

(d)                                 The
Committee, in its sole discretion, may permit you to elect to pay the Exercise
Price by any other method.

 

2

 

(e)                                  It
shall be a condition to the performance of the Company’s obligation to issue or
transfer shares of Stock upon exercise of the Option that you pay, or make
provision satisfactory to the Company for the payment of, any taxes which are
required to be collected with respect to the issue or transfer of the shares
upon such exercise.  At your election,
and subject to such rules and limitations as may be established by the
Committee from time to time, such withholding obligations may be satisfied: (i)
through cash payment by you; (ii) through the surrender of shares of Stock
which you already own (provided, however, that to the extent shares described
in this clause (ii) are used to satisfy more than the minimum statutory
withholding obligation, as described below, then, except as otherwise provided
by the Committee, payments made with shares in accordance with this clause (ii)
shall be limited to shares of Stock held by you for not less than six months
prior to the payment date); or (iii) through the surrender of shares of Stock
to which you are otherwise entitled under the Plan; provided, however, that
such shares under this clause (iii) may be used to satisfy not more than the
Company’s minimum statutory withholding obligation (based on minimum statutory
withholding rates for Federal, state and local tax purposes, including payroll
taxes, that are applicable to such supplemental taxable income).

 

(5)                            Transferability.  Except as otherwise provided by the Committee
or in this Paragraph 5, the Option is not transferable other than as designated
by you by will or by the laws of descent and distribution and, during your
life, may be exercised only by you.  The
Committee, in its discretion, may permit you to transfer the Option for no
consideration to or for the benefit of your Immediate Family (including,
without limitation, to a trust for the benefit of your Immediate Family or to a
partnership or limited liability company for one or more members of your
Immediate Family), subject to such limits as the Committee may establish, and
the transferee shall remain subject to all the terms and conditions applicable
to the Option prior to such transfer.  In
the discretion of the Committee, the foregoing right to transfer the Option may
apply to the right to consent to amendments to this Letter and may also apply
to the right to transfer ancillary rights associated with the Option.  The term “Immediate Family” means your
spouse, parents, children, stepchildren, sisters, brothers and grandchildren,
by birth or through legal adoption (and, for this purpose, shall also include
you).

 

(6)                            Certificates.

 

(a)                                  Certificates
representing shares of Stock issuable upon exercise of the Option may be
legended in such fashion as the Company may require and shall be subject to
such restrictions on disposition as may be required to comply with federal and
state securities laws.

 

(b)                                 To
the extent that the Plan provides for the issuance of stock certificates to
reflect the issuance of shares of Stock, the issuance may be effected on a
non-certificated basis, to the extent not prohibited by applicable law or the
applicable rules of any stock exchange.

 

3

 

(7)                            Miscellaneous.

 

(a)                                  You
covenant and agree with the Company that if, at the time of exercise of the
Option, there does not exist a Registration Statement on an appropriate form
under the Securities Act of 1933, as amended (the “Act”), which Registration
Statement shall have become effective and shall include a prospectus that is
current with respect to the shares of Stock subject to the Option, then you
shall execute and deliver a certificate to the Company indicating (i) that you
are purchasing the Stock under such Option for your own account and not with a
view to the resale or distribution thereof, (ii) that any subsequent offer for
sale or sale of any shares of Stock shall be made either pursuant to (x) a
Registration Statement on an appropriate form under the Act, which Registration
Statement shall have become effective and shall be current with respect to the
shares of Stock being offered or sold, or (y) a specific exemption from the
registration requirements of the Act and any rules and regulations thereunder
and any applicable state securities laws and regulations, but in claiming such
exemption, you shall, prior to any offer for sale or sale of such shares of
Stock, obtain a favorable written opinion from counsel for or approved by the
Company as to the applicability of such exemption, and (iii) that you agree
that the certificate or certificates evidencing such shares of Stock shall bear
a legend to the effect of the foregoing.

 

(b)                                 Notwithstanding
anything in this Letter to the contrary, the terms of this Letter shall be
subject to the terms of the Plan, a copy of which may be obtained by you from
the office of the Secretary of the Company; and this Letter is subject to all
interpretations, amendments, rules and regulations promulgated by the Committee
from time to time pursuant to the Plan.

 

(c)                                  You
shall not, by reason of participation in the Plan, acquire any right in or
title to any assets, funds or property of the Company or any Subsidiary.  You shall have only a contractual right to
the shares of Stock, unsecured by any assets of the Company or any Subsidiary,
and without a guarantee that the assets of the Company or any Subsidiary shall
be sufficient to pay any benefits to any person.  Nothing herein confers upon you any right to
continue in the employ of the Company or any Subsidiary.  Except as otherwise expressly provided in
this Letter or the Plan, you shall not have any of the rights of a stockholder
of the Company with respect to the shares of Stock subject to the Option prior
to the date on which you fulfill all conditions for receipt of such rights or
any rights to receive any additional Options or Awards under the Plan or any
other plan or arrangement of the Company or any Subsidiary.

 

(d)                                 You
assume all risks incident to any change hereafter in applicable laws or
regulations or incident to any changes in the market value of the stock after the
exercise of the Option in whole or in part.

 

(e)                                  You
acknowledge that certain taxes will be required to be withheld at the time you
exercise the Option.  The Company makes
no representation as to the federal 

 

4

 

or state tax treatment of the Option granted under
this Letter.  You should consult your
personal tax advisor as to the reporting of any taxable income and the payment
of any tax under federal or state law as a result of your exercise of any portion
of the Option granted under this Letter.

 

(f)                                    The
Company shall have no obligation to deliver any shares of Stock under the Plan
unless such delivery or distribution would comply with all applicable laws
(including, without limitation, the requirements of the Securities Act of
1933), and the applicable requirements of any securities exchange or similar
entity.  The Company shall use
commercially reasonable efforts to comply with any applicable federal or state
law (which shall expressly not include registration of such share(s) under the
Act and any applicable state laws) in order to issue such share(s) as soon as
practicable after exercise.

 

(g)                                 The
terms of the Option are subject to modification to the extent permitted by the
Plan.

 

(h)                                 This
Letter and the rights and obligations hereunder shall be governed by and
construed in accordance with the laws of the State of Delaware, without regard
to the principles of conflicts of law of Delaware or any other jurisdiction.

 

(8)                            Permanent
and Total Disability.  For purposes
of this Letter, the term “Permanent and Total Disability” means your inability,
due to illness, accident, injury, physical or mental incapacity or other
disability, effectively to carry out your duties and obligations as an employee
of the Company or the Subsidiaries or to participate effectively and actively
as an employee of the Company or the Subsidiaries for 90 consecutive days or
shorter periods aggregating at least 180 days (whether or not consecutive)
during any twelve-month period.

 

(9)                            Retirement.  For purposes of this Letter, the term
“Retirement” means, with the approval of the Committee, the occurrence of your
Date of Termination on or after the earlier of the date that you attain age 65
or the date you attain age 55 and have completed 10 years of service.

 

 

	
   

  	
  Very
  truly yours,

  
	
   

  	
   

  
	
   

  	
  UNITED STATIONERS INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  
	
   

  	
  /s/ Frederick B. Hegi,
  Jr.

  	
   

  
	
   

  	
  Frederick B. Hegi, Jr.

  
	
   

  	
  Chairman of the Board

  

 

5Exhibit 10.1

 

STATE OF MISSISSIPPI

 

COUNTY OF HARRISON

 

ASSIGNMENT OF LEASE

 

FOR AND IN
CONSIDERATION of the sum of Ten ($10.00) Dollars, and other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged by
the parties hereto, JOE LANCON and CHARMAINE
LANCON (a/k/a Charmagne Lancon), hereinafter collectively
“Lessee/Assignor” do hereby assign, sell, convey, transfer and deliver to Premier Entertainment Biloxi LLC, a
Delaware limited liability company, hereinafter, “Assignee”, all of
Lessee/Assignor’s right, title and interest, including any and all riparian and
littoral rights appertaining thereto, in and to that certain Lease Contract
(the “Lease”) from the City of Biloxi and the Biloxi Port Commission to
Lessee/Assignee, dated January 11, 1993, and recorded in the land deed records
of Harrison County, Mississippi, Second Judicial District, at Book 251, Page
289, and re-recorded at Book 252, Page 635, and any extensions and/or renewals
thereof, and all of the Lessee/Assignor’s right, title and interest in the
premises leased in the Lease, commonly known as Fisherman’s Harbor Seafood
Restaurant, 749 Beach Boulevard, Biloxi, Mississippi 39530, more particularly
described as:

 

That certain real property being situated in the City
of Biloxi, Second Judicial District of Harrison County, Mississippi, and being
described more particular as follows, to-wit:

 

 

Commencing at the intersection of the South line of
a concrete sidewalk on the South margin of U.S. Highway No. 90 with the East
margin of Lameuse Street if said East margin were extended South, thence run S
0° 35'11'' E along said extension a distance of 234.96 feet to a point, thence
S 89° 53' 06'' E a distance of 4.19 feet to a point having co-ordinated values
of N263731.954 and E483083.834 based on City Base Mapping Monuments 29 and 44,
said point also being the Point-of-Beginning of the herein described parcel.

 

From said Point-of-Beginning continue S 89° 53'
06'' E along the centerline of the existing seawall a distance of 65.00 feet to
a point, thence S 0° 38' 16'' E a distance of 50.00 feet to a point, thence N
89° 53' 06'' W a  distance of
30.69 feet to a point at the Southeast corner of the existing Seafood Market,
thence N 89° 53' 06'' W along the South line of said Seafood Market a distance
of 46.08 feet to a point on the West face of a concrete sidewalk, thence N 0°
385' 16'' W along said West face a distance of 80.96 feet to the
point-of-Beginning.

 

Said parcel contains 4,663.79 sq. ft or 0.11 acres
more or less.

 

Assignee agrees to
accept the Lease and/or renewals thereof, and to perform all of
Lessee/Assignor’s remaining obligations under said Lease accruing after the
date hereof.  Lessee/Assignor agrees to
satisfy all obligations under the Lease required to be performed prior to the
date hereof, and agrees to indemnify, hold harmless, and defend Assignee for
any and all claims related thereto.

 

The parties
acknowledge that Lessee/Assignor shall deliver possession of the leased
premises to Assignee in sixty (60) days from the date hereof, unless sooner as
may be agreed to by the parties, which sixtieth (60th) day

 

 

shall
end on March 29, 2004; time being of the essence.

 

WITNESS the
signatures of the Lessee/Assignor on this the 30th day of February,
2004.

 

	
   

  	
  /s/ Joe Lancon

  
	
   

  	
  JOE
  LANCON, Lessee/Assignor

  

 

 

	
   

  	
  /s/
  Charmaine Lancon

  
	
   

  	
  CHARMAINE
  LANCON, Lessee/Assignor

  

 

STATE
OF MISSISSIPPI

COUNTY
OF HARRISON

 

Personally
appeared before me, the undersigned authority in and for the above county and
state, JOE LANCON, Lessee/Assignor,
who acknowledged to me that he signed and delivered the above and foregoing
instrument on the day and year therein written.

 

Given under my
hand and official seal of office, this 30th day of February, 2004.

 

	
   

  	
  /s/ Joni L. Stone

  
	
   

  	
  NOTARY PUBLIC

  
	
   

  	
  My Commission Expires:

  	
  March
  20, 2005

  

[SEAL]

 

STATE
OF MISSISSIPPI

COUNTY
OF HARRISON

 

Personally
appeared before me, the undersigned authority in and for the above county and
state, CHARMAINE LANCON, Lessee/Assignor,
who acknowledged to me that she signed and delivered the above and foregoing
instrument on the day and year therein written.

 

Given under my
hand and official seal of office, this 30th  day of February, 2004.

 

	
   

  	
  /s/ Joni L. Stone

  
	
   

  	
  NOTARY PUBLIC

  
	
   

  	
  My Commission Expires:

  	
  March
  20, 2005

  

[SEAL]

 

 

	
  Lessee/Assignor:

  	
   

  	
  Assignee:

  
	
  Joe
  & Charmaine Lancon

  	
   

  	
  Premier
  Entertainment Biloxi LLC

  
	
  159-B
  Howard Avenue

  	
   

  	
  Attn:
  Joseph Billhimer, Jr.

  
	
  Biloxi,
  MS 39530

  	
   

  	
  11400
  Reichold Road

  
	
  Phone:
  228-374-5952

  	
   

  	
  Gulfport,
  MS  39503

  
	
   

  	
   

  	
  Phone:
  228-594-4021

  

 

Indexing Instructions:

Biloxi
City Block 100, 2nd J.D., Harrison County, MS

 

Instrument Prepared by:

Patrick
A. Sheehan, MSB# 6747

Sheehan Law Firm
179 Lameuse Street
Biloxi, Mississippi 39530
P: (228) 432-1107
F: (228) 432-1112

E-mail: SheehanLawFirm@bellsouth.net

 

 

STATE OF MISSISSIPPI

 

COUNTY OF HARRISON

 

SECOND JUDICIAL DISTRICT

 

LEASE
CONTRACT

 

THIS INDENTURE made and entered into on this
the 11th day of January, 1993, by and between CITY OF
BILOXI, MISSISSIPPI, a municipal corporation organized and existing under the
law of the State of Mississippi and the Biloxi Port Commission, hereinafter
referred to as “Lessor”, and Joe Lancon and Charmagne Lancon, hereinafter
referred to as “Lessee”, WITNESSETH:

 

IN
CONSIDERATION of the sum of Ten and No/100 ($10.00), cash in hand paid by
Lessee to Lessor, receipt of which is hereby acknowledged, together with other
good and valuable considerations, including the mutual promises and covenants
hereinafter set forth, the parties agree as follows:

 

1.             DEMISE
AND DESCRIPTION:  The Lessor does
hereby lease, let and rent to the Lessee and the Lessee does hereby rent of and
from
the Lessor the real property more particularly described in Exhibit “A”
attached hereto.

 

2.             TERM AND
RENTAL:  This lease is for a
term of eight (8) years commencing on the sixty-first (61st) day following the
issuance of a certificate of occupancy by the City of Biloxi Planning
Division.  In the event a certificate of
occupancy is not issued by the City of Biloxi within ninety (90) days, this
lease shall be void and of no effect. 
During the term hereof, the Lessee shall pay the Lessor a monthly rental
of $675.00.  The rental payments under
this lease shall be due and payable on the fifteenth

 

 

day of each month throughout the
length of this lease contract and any renewals or extensions thereof.  All rental payments due hereunder shall be
made by Lessee to the Lessor at its offices at City Hall, 138 Lameuse Street,
Biloxi, Mississippi, or by mailing the same to Post Office Box 429, Biloxi,
Mississippi 39533, or by paying the same at such other place as the Lessor may
hereafter designate.  A late fee of
$50.00 shall be assessed on any rental payment received by Lessor more than ten
(10) days after its due date.

 

3.             OPTION TO
RENEW:  Upon the expiration of the primary term hereof, Lessee
has the right to renew this lease for two (2) successive five (5) year terms by
giving notice of such option to renew to the Lessor ninety (90) days prior to
the expiration of the primary term, and if applicable, ninety (90) days prior
the expiration of the first renewal term. 
Except to the extent mutually agreed upon by the parties hereto, the
terms, conditions and provisions of the renewal terms of this lease, with the
exception of the rental payments, shall be the same as those which are herein
contained.  The rental payments due
under the renewal terms of this lease shall be reviewed prior to the inception
of each of the renewal terms to determine the current fair market rental value
of the leased premises.  The fair market
rental value shall be determined in accordance with Miss. Code Ann. Section 21-17-1.

 

4.             USE OF
DEMISED PREMISES:  The leased premises
shall be used by the Lessee for the purpose of operating a restaurant. The

 

2

 

Lessee shall not use or occupy the
leased premises nor any portion thereof for any business or enterprise deemed
to be hazardous on account of fire or otherwise; and Lessee shall not use nor
permit to be used the leased premises nor any portion thereof for any purpose,
business, enterprise, or undertaking which shall be unlawful, or in violation
of any ordinance, rule, or regulation of the City of Biloxi.

 

At all
times during the primary term and any renewal or extension term of this lease,
Lessee shall comply with all laws, ordinances, rules, and regulations of the
federal, state, county, and municipal authorities applicable to the leased
premises and the business or enterprise to be conducted thereon by Lessee.  Lessee will not operate the premises in any
manner which would constitute an unreasonable nuisance or unreasonably
interfere with the health, safety, or comfort of the users or residents of the
surrounding or nearby properties.  Upon
notice by Lessor to Lessee that any of the aforesaid is occurring, the Lessee
shall, within five (5) days thereafter, remove, control the same, or justify
the continuation of same to the satisfaction of the Lessor.

 

The Lessee
shall,  at all times, keep and
maintain the whole of the leased premises, in a clean and neat condition, free
from dirt, litter, rubbish, and debris. 
All garbage and refuse shall be kept in containers of a kind or
character which may, from time to time, by specified by Lessor, and shall be
removed or disposed of at Lessee’s cost and expense.

 

3

 

5.             ASSIGNMENT
AND/OR SUBLEASE:  Lessee may not assign
this Lease contract nor sublease the leased premises or any portion thereof
without the prior, written consent of the Lessor.

 

6.             UTILITIES:  Lessee covenants and agrees to promptly pay,
when due, all bills, charges, or rentals for water, sewer service, electric
power, gas, and other utilities used in or on the leased premises, and will
hold the Lessor harmless from any liability or responsibility with reference to
same and will not suffer any lien to attach to the leased premises or any
portion of said premises by reason of the nonpayment or same.

 

7.             SIGNS:  Lessee shall have the right to erect or
place any reasonable signs or notice on the leased premises provided the same
shall not occasion any liability to inure to the potential detriment of the
Lessor and provided such signs shall be in strict conformity within any
ordinances, rules, or regulations of the City of Biloxi.

 

8.             MAINTENANCE
AND REPAIRS:  During the term
hereof, Lessee shall supply and pay for all labor and materials necessary for
the performance
of its responsibilities regarding the repairs, upkeep and maintenance of the
leased premises and shall not suffer or permit any lien to attach to, on, or
against the leased premises or any portion thereof by reason of the nonpayment
of such bills and costs and will hold the Lessor harmless from and against the
same. The Lessee covenants and agrees to keep and maintain the leased premises and
every portion thereof in a condition and state of repair
substantially equal to or better than that existing at the

 

4

 

time of the inception of this lease
and will keep the leased premises free from litter and debris and will not
permit any fire or other hazard to exist without promptly removing or curing
the same.

 

9.             HAZARD AND
FLOOD INSURANCE:  Lessee agrees, binds,
and obligates itself to secure, maintain, and pay all premiums for fire, and
extended coverage insurance on the structure and other improvements located on
the leased premises in an amount not less than $50,000.00.  Lessee shall also secure, maintain, and pay
all premiums for flood insurance on the structures and other improvements
located thereon in an amount not less than $50,000.00.  Lessor shall be listed on both policies
specified in this paragraph as an additional loss payee.  The original or a true copy of the policy or
policies and any renewals or replacements thereof shall be furnished to Lessor
along with evidence from the insurance company or its agent of the payment of
the premium(s) .  Such insurance shall
be secured from and written by a reputable insurance company qualified to do
business in the State of Mississippi. 
Should Lessee fail or refuse to purchase, maintain, and/or pay the
premiums for such fire and extended coverage insurance and flood insurance or
should Lessee fail to furnish to the Lessor the original or a true memorandum
copy of such insurance policy or policies evidencing the existence of such
insurance coverage applicable to all times during the term hereof, such failure
or refusal may be deemed by Lessor to be a material breach of this contract,
entitling the Lessor to the rights and remedies

 

5

 

as set out in paragraph 16 relating
to default; or, should the Lessee fail and refuse to secure and/or pay the
premiums for such fire and extended insurance coverage or flood insurance,
Lessor shall have the right to secure, purchase, and pay for such insurance
coverage in the amounts set forth above or such lesser amount as is deemed
suitable by the Lessor and to notify the Lessee of same and to require the
payment or reimbursement of such premiums along with the next following monthly
rental which shall become due from the Lessee under the terms hereof, and the
failure by Lessee to pay or reimburse Lessor for insurance premium(s) so paid
or before the tenth (10th) day of the following month after such notice may be
deemed by Lessor to be a breach of this contract entitling the Lessor to all
rights and remedies as set out in paragraph 16 relating to default.

 

10.           PUBLIC AND
EMPLOYEE LIABILITY:  The Lessee does hereby
covenant and agree to indemnify Lessor of and against any and all liability or
responsibility for damage or injury to the persons or property of any third
party including, but not limited to, employees, officers, or agents of the
Lessee and including, but not limited to, licensees, invitees, or trespassers
on the leased premises, which shall occur or arise on or about the leased
premises or by reason of the Lessee’s use or occupancy thereof.  During the entire term of this lease or any
renewal or extension hereof, Lessee shall purchase, secure, maintain, and prepay
the premiums for workmen’s compensation insurance and for general

 

6

 

public liability insurance with
liability limits of at least $1,000,000.00 single limit for bodily injuries or
property damage.

 

11.           INSPECTIONS:  Lessee agrees to permit the Lessor or its
authorized agents to enter upon and to inspect the leased premises and the
equipment,  machinery, and
fixtures which may, from time to time, be situated thereon; provided, however,
such inspections shall be made and performed after pre-arrangement with Lessee,
and every reasonable effort shall be  made
by Lessor to avoid inconvenience to Lessee or disruption of its business or
operations.

 

12.           CASUALTY
DAMAGE:  In the event the
structure or other improvements on the leased premises or any portion thereof
shall be damaged by fire or other cause or casualty and in the event such
damage can be reasonably repaired and restored within a period of ninety (90)
days, this lease contract shall remain in force, but the rental reserved hereby
shall abate to the proportionate extent that the leased premises shall have
been rendered unusable or untenantable by Lessee for the purposes intended and
for the period of time actually required for the performance of repairs and
restoration.  And in the case of such
damage or injury, the proceeds of any casualty insurance paid or recovered
shall be used and/or made available by Lessor to pay the costs of labor and
materials for the accomplishment of such repairs and restoration.  Nevertheless, in no event shall Lessor be
required to expend any sum in excess of the actual amount recovered from such
insurance toward the repair and restoration of the premises.

 

7

 

Should the
structures or other improvements located on the leased premises be completely
or substantially destroyed or rendered untenantable or unusable by the Lessee
for the intended uses/purposes for a period of time in excess of ninety (90)
days by reason of fire or other casualty this lease contract may be terminated
by either party hereto upon ten (10) days notice in writing to the other party,
in which event the rental due hereunder shall be adjusted to the date of the
occurrence of such fire or casualty.

 

The Lessor
shall have no responsibility whatsoever with regard to damage to or destruction
of furniture, fixtures, machinery, and equipment of the Lessee or any third
parties installed in or situated on the leased premises, regardless of the
cause or reason for such damage or destruction.

 

Any
insurance payment or recovery made or had as a result of an insurable loss of
or damage to the structures or other improvements located on the leased
premises shall be used to return the structures and other improvements located
on the leased premises, to the condition substantially equal to or better than
that existing at the time of the inception of this lease.  Any insurance payment or recovery made or
had by reason or damage to or destruction of furnishings, trade fixtures, machinery,
and equipment owned by Lessee shall be payable to and shall be and belong to
the Lessee.

 

13.           QUIET
ENJOYMENT AND VACATION OF PREMISES: 
Provided the Lessee shall pay, when due, all rentals reserved hereby and
shall

 

8

 

do,
perform, and/or abide by all of the terms, conditions, and covenants upon it as
herein provided, Lessee shall have the right to the continued, uninterrupted,
peaceful, and quiet use and enjoyment of the leased premises during the full
term hereof and the term of any renewal or extension hereof.

 

Upon the
termination hereof (either by expiration of the primary or any renewal or
extension term hereof or by any breach, violation,
cause, or occurrence which may serve to permit termination or cancellation
hereof), Lessee covenants and agrees to release, surrender, and abandon the
whole of the leased premises, including any additions, alterations, or real
improvements thereto, in a good condition, reasonably equal to the condition of
same on the date hereof, normal wear and tear and/or damage by casualty not
caused by any intentional or negligent act of the Lessee, its agents, officers,
or employees being specifically excepted.

 

14.           IMPROVEMENTS
AND/OR ALTERATIONS:  Lessee shall have the right,
from time to time, to make such reasonable additions, alterations, or
improvements to the leased premises as shall be suitable or necessary for
Lessee’s conduct and operation of its business on the leased premises,
provided, however, prior to the commencement of such additions, alterations, or
improvements, Lessor shall have approved, in writing, the plans and
specifications therefor.  In the event
the Lessor shall decline approval of such plans and specifications submitted by
Lessee, the reason(s) therefore shall be promptly transmitted, in writing, to
Lessee.

 

9

 

Except as
hereinabove provided, no improvements, additions, or alterations
of or to the real improvements on the leased premises shall be made without the
prior, written consent or approval of the Lessor.  Any and all improvements, additions, and alterations which the
Lessee shall make or attach or shall cause to be made or attached to the leased
premises (whether made with or without consent or approval of  the Lessor) shall, at the option of the
Lessor, become part of the leased premises and the property of the Lessor and
shall remain at or in the leased premises at the conclusion or termination of
this lease or any renewal or extension hereof.

 

The
preceding paragraphs shall not apply with respect to any trade fixtures,
equipment, or machinery installed in or on the leased premises in connection
with the accomplishment by Lessee of its purposes as hereinabove provided.

 

15.           TAXES:  All ad valorem taxes levied or payment in
lieu of taxes levied on or against the real property or improvements
shall be promptly paid when due by the Lessee. 
Any ad valorem taxes levied or assessed on or against any equipment,
machinery, furnishings, trade fixtures, inventory or stock of materials or
manufactured goods shall be the responsibility of the Lessee, and Lessee shall
pay all taxes promptly as and when the same shall become due and shall not
suffer or permit any lien to attach to or against the lease premises or any
portion thereof by reason of the nonpayment of such taxes.

 

10

 

16.           DEFAULT:  Should the leased premises be abandoned or
vacated by Lessee, if proceedings are commenced against Lessee in any court under
a bankruptcy act for the appointment of a trustee or receiver of Lessee’s
property, should any rental payment become due but be unpaid and remain unpaid
for a period of ten (10) days following the due date thereof or should Lessee
default or commit a material breach in the performance of or with reference to
any of the covenants, terms, conditions, agreements, or provisions hereof
applicable to it, the Lessor may, at its option, demand, recover, and take
possession of and re-enter the leased premises, and, thereupon, this lease
shall absolutely determine without prejudice to any other right or remedy of
the Lessor with respect to a breach for violation by the Lessee of any of the
terms or conditions herein contained and applicable to it.  Nevertheless, except with regard to the
payment of rental, the right of the Lessor to demand, take, and recover
possession of  the leased premises
upon default by the Lessee shall be predicated upon compliance with the
following conditions:  The Lessor, or an
agent or attorney of the Lessor, shall furnish notice in writing of the breach
or default claimed to exist and the details regarding the same and the Lessee
shall then and there have period of thirty (30) days from the date of the
delivery of such notice within which to cure such default should it be willing
or able to do so; should the Lessee cure or correct the breach or default
claimed by the Lessor within thirty (30) days following the receipt of notice
as hereinabove provided, then and in such event, the provisions hereinabove set
forth for the

 

11

 

termination
or cancellation of this lease contract shall lapse.  Should it become necessary for the Lessor to retain an attorney
to enforce any of the Lessee’s obligations under the terms of this lease,
Lessee shall be responsible for the payment of a reasonable attorney’s fee.

 

17.           NOTICES:  Any notices as called for, required, or
given under the terms of this lease contract shall be in writing and shall be
deemed to be duly given only if delivered personally or mailed by
certified mail, postage prepaid, addressed as to the Lessee at 772 Hengen Lane,
Biloxi, Mississippi 39532, and as to the Lessor in care of the Mayor at P.O.
Box 429, Biloxi, Mississippi 39532.  If
either party admits in writing the receipt of any notice, evidence of service
in accordance herewith shall not be necessary.

 

18.           MISCELLANEOUS
PROVISIONS:

 

(a)           Captions:  The captions or headings of provisions
herein are for convenience only and shall not be construed to affect the actual
terms, conditions, and provisions of this lease contract.

 

(b)           Designation
of Parties:  The terms “Lessor” and
“Lessee” as used herein throughout shall designate the party Lessor and the
party Lessee regardless of gender, number, and regardless of whether such party
shall be a corporation, individual, or public body, or any combination thereof.

 

12

 

(c)           This agreement shall be governed by
and construed and enforced in accordance with the laws of the State of
Mississippi.

 

(d)           This lease contract contains the
entire agreement between the parties and may not be amended or altered except
by written agreement.

 

19.           Subject to
the provisions herein contained, this contract is binding upon the parties
hereto, their heirs, assigns, personal representatives, executors,
administrators, and successors.

 

IN WITNESS
WHEREOF, the parties have hereunto set their hand as of the day and year
hereinabove set forth.

 

	
   

  	
  LESSOR:

  
	
   

  	
   

  
	
   

  	
  CITY
  OF BILOXI, MISSISSIPPI,

  a Municipal Corporation

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ [ILLEGIBLE]

  	
   

  
	
   

  	
   

  	
  Mayor

  
	
   

  	
   

  
	
  ATTEST:

  	
  /s/ [ILLEGIBLE]

  	
   

  	
   

  
	
   

  	
  MUNICIPAL CLERK

  	
   

  
	
   

  	
   

  
	
  (SEAL)

  	
  BILOXI - PORT COMMISSION

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ [ILLEGIBLE]

  	
   

  
	
   

  	
   

  	
  President

  
	
   

  	
   

  
	
  ATTEST:

  	
  /s/ [ILLEGIBLE]

  	
   

  	
   

  
	
   

  	
  SECRETARY

  	
   

  
	
   

  	
   

  
	
  (SEAL)

  	
   

  
	
   

  	
   

  
	
  [SEAL]

  	
  LESSEES:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ Joe Lancon

  	
   

  
	
   

  	
  JOE LANCON

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ Charmagne Lancon

  	
   

  
	
   

  	
  CHARMAGNE LANCON

  
							

 

13

 

STATE
OF MISSISSIPPI

 

COUNTY
OF HARRISON

 

Personally
appeared before me, the undersigned authority in and for the aforesaid
jurisdiction, Pete Halat and F. Cliff Kirkland, the Mayor and Municipal Clerk,
respectively, of the City of Biloxi, a municipal corporation, who acknowledged
that they signed and delivered the above and foregoing instrument on the day
and year herein mentioned, after being duly authorized to so do.

 

Given
under my hand and seal of office on this the 22nd day of January,  1993.

 

	
   

  	
  /s/ [ILLEGIBLE]

  
	
   

  	
  NOTARY PUBLIC

  
	
  My
  Commission Expires:

  	
   

  
	
  5/9/95

  	
   

  	
   

  
	
   

  	
   

  	
  [SEAL]

  

 

 

STATE
OF MISSISSIPPI

 

COUNTY
OF HARRISON

 

Personally
appeared before me, the undersigned authority in and for the said county and
state, on this 2lst day of January, 1993, within my jurisdiction, the
within named Joe Creel and Horace J. Guillotte who acknowledged that they
are the President and Secretary, respectively of the Biloxi Port Commission,
and that for an on behalf of the said corporation, and as its act and deed
executed the above and foregoing instrucment after first having been duly
authorized so to do.

 

14

 

Given
under my hand and seal of office on this the 21st day of JANUARY,
1993.

 

	
   

  	
  /s/ [ILLEGIBLE]

  
	
   

  	
  NOTARY PUBLIC

  
	
  My
  Commission Expires:

  	
   

  
	
  My Commission Expires March 27, 1994

  	
   

  	
   

  
			

 

STATE
OF MISSISSIPPI

 

COUNTY
OF HARRISON

 

Personally
appeared before me, the undersigned authority in and for the aforesaid
jurisdiction, Joe Lancon and Charmagne Lancon, who acknowledged that they
signed and delivered the above and foregoing instrument on the day and year
therein mentioned.

 

Given
under my hand and seal of office on this the 14 day of JANUARY, 1993.

 

	
   

  	
  /s/ [ILLEGIBLE]

  
	
   

  	
  NOTARY PUBLIC

  
	
  My
  Commission Expires:

  	
   

  
	
  My Commission Expires March 27, 1994

  	
   

  	
   

  
			

 

[SEAL]

 

 

	
  STATEMENT OF FEES

  	
   

  
	
   

  	
   

  
	
  First Page
                                      

  	
  $2.00

  	
   

  
	
   

  	
   

  
	
  Add. Page at $1.00

  	
  14.00

  	
   

  
	
   

  	
   

  
	
  Abstracting/Section

  at $1.00

  	
  3.00

  	
   

  
	
   

  	
   

  
	
  Marginal Entry at .50

  	
   

  
	
   

  	
   

  
	
  Total Fees

  	
  17.00

  	
   

  
				

 

[SEAL]

 

STATE
OF MISSISSIPPI, COUNTY OF HARRISON, SECOND JUDICIAL DISTRICT:

 

I hereby certify that this instrument was received
and filed for record at 4 o’clock and 40 minutes P.M. on 26 day of January,
A.D. 1993 and recorded January 26, 1993 in Records of Deeds
                                    
Book 251 Pages 289-303

 

	
   

  	
  G.N.
  [ILLEGIBLE], Chancery Clerk

  
	
   

  	
   

  
	
   

  	
  By

  	
  /s/ [ILLEGIBLE]

  	
  , D.C.

  

 

93 - 229

 

 

EXHIBIT “A”

 

LEGAL
DESCRIPTION:

 

That
certain real property being situated in the City of Biloxi, Second Judicial
District of Harrison County, Mississippi, and being described more particular
as follows, to-wit:

 

Commencing at the intersection of
the South line of a concrete sidewalk on the South margin of U.S.  Highway No. 90 with the East margin of
Lameuse Street if said East margin were extended South, thence run S 0°35'11"
E along said extension a distance of 234.96 feet to a point, thence S 89"
53' 06" E a distance of 4.19 feet to a point having co-ordinated values of
N263731.954 and E483083.834 based on City Base Mapping Monuments 29  and 44, said point also being the
Point-of-Beginning of the herein described parcel.

 

From
said Point-of-Beginning continue S 89° 53' 06" E along the centerline
of the existing seawall a distance of 65.00 feet to a point, thence S 0° 38'
16" E a distance of 50.00 feet to a point, thence N 89° 53'
06" W a distance of 18.92 feet to a point, thence S 0° 38'
16" E a distance of 30.69 feet to a point at the Southeast corner of the
existing Seafood Market, thence N 89° 53' 06" W along the South line
of said Seafood Market, a distance of 46.08 feet to a point on the West face of
a concrete sidewalk, thence N 0° 38'16" W along said West face a distance
of 80.96 feet to the Point-of-Beginning.

 

Said parcel contains 4,663.79 sq. ft. or 0.11 acres more or less.

 

	
  STATEMENT OF FEES

  	
   

  
	
   

  	
   

  
	
  First Page
                                      

  	
  $2.00

  	
   

  
	
   

  	
   

  
	
  Add. Page at $1.00

  	
  15.00

  	
   

  
	
   

  	
   

  
	
  Abstracting/Section

  at $1.00

  	
  1.00

  	
   

  
	
   

  	
   

  
	
  Marginal Entry at .50

  	
   

  
	
   

  	
   

  
	
  Total Fees

  	
  18.00

  	
   

  
				

 

[SEAL]

 

STATE
OF MISSISSIPPI, COUNTY OF HARRISON, SECOND JUDICIAL DISTRICT:

 

I hereby certify that this instrument was received
and filed for record at 4 o’clock and 42 minutes P.M. on 4 day of March, A.D.
1993 and record March 4, 1993 in Records of Deeds
                                    
Book 252 Pages 635-650

 

	
   

  	
  G.N.
  [ILLEGIBLE], Chancery Clerk

  
	
   

  	
   

  
	
   

  	
  By

  	
  /s/ [ILLEGIBLE]

  	
  , D.C.

  

 

93 - 569

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00071-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00071-of-00352.parquet"}]]