Property Lease Agreement, dated July 1, 2017

EX-10.6 2 s109465_ex10-6.htm EXHIBIT 10.6

 

Exhibit 10.6

 

Exhibit A

 

LEASE AGREEMENT

 

THIS LEASE AGREEMENT (“Lease”) is made this ___1_ day of July, 2016, by and between “Landlord” (as defined below) and “Tenant” (as defined below). 

 

NOW, THEREFORE, Landlord and Tenant, intending to be legally bound, agree as follows:

 

PART A

  

BASIC LEASE INFORMATION

 

1. Landlord: William Berke, Trustee
     
2. Landlord’s Address For Notices and Rent Payment: 1400 NE Miami Gardens Drive, Ste 202, North Miami Beach, Florida 33179
3 Tenant: Bang Holdings Corp.
     
4 Tenant’s Address For Notices: 1400 NE Miami Gardens Drive, Ste 202, North Miami Beach, Florida 33179
5 Building: 1400 NE Miami Gardens Drive, Ste 210D, North Miami Beach, Florida 33179
6 Initial Term: 1 year, commencing on the Lease Commencement Date (as defined below).
     
7 Lease Commencement Date: July 1, 2016
8 Number of Options to Renew/Extension Term(s): 10 years/1 year extension term
     
9 Option Exercise Date: July 1, 2017
     
10 Base Rent During Initial Term: $30,000.00 annualized;    $2,500.00 monthly
     
11 Security Deposit: None.
     
12 Rent Deposit: None.
     
13 Permitted Uses: General office space.
     
14 Guarantors: None.
     

 

 

 

IN WITNESS WHEREOF, the parties hereto, intending to be legally bound, have caused this Lease Agreement to be duly executed by their authorized representative the day and year first above written.

           
LANDLORD:     TENANT:
       
WILLIAM BERKE TRUSTEE, LLC     BANG HOLDINGS CORP.
           
By: /s/ William Berke     By: /s/ Steve Berke  
  Name: William Berke       Name: Steve Berke
 

Title: Landlord

 

      

Title: CEO