Lease Agreement between Electric Power Equipment Company and Vista International Technologies, Inc.
This agreement is between Electric Power Equipment Company (landlord) and Vista International Technologies, Inc. (tenant) for the lease of approximately 325 square feet of office space and 550 square feet of storage space at EPE's facility. The lease starts on March 1, 2012, for a 12-month term with automatic semi-annual renewals unless Vista gives 30 days' notice to terminate. The monthly rent is $350 for the first year, increasing by 3% annually, and includes utilities and internet. No security deposit is required. The space is accepted as-is, and other business dealings are covered by separate agreements.
Vista International Technologies, Inc. 10-K
Exhibit 10.25
| 5151 East 56th Ave | PH: 303 ###-###-#### | FAX: 303 ###-###-#### | Commerce City, CO 80022 |
February 13, 2013
Lease Agreement Terms Between Vista International Technologies, Inc. and Electric Power Equipment
| Tenant: | Vista International Technologies, Inc. (Vista) | |
| Landlord: | Electric Power Equipment Company (EPE) | |
| Space: | The leased space consists of roughly 325 square feet of office space in the EPE facility as well as a roughly 550 sq. ft. storage area located on the second floor. | |
| Use: | Tenant will use the office space for general office use, and the storage space for storage of non-hazardous materials | |
| Lease Term: | Initial term shall be for twelve (12) months, commencing on March 1, 2012 with semi-annual renewals for subsequent periods. Vista must give 30 days notice prior to end of a lease period, if Vista intends not to renew. | |
| Lease Rate: | Lease rate shall be a flat $350 per month for the initial 12 months, with a 3% annual increase built in for subsequent periods. | |
| Lease payment: | The lease payment will be due on the First (1st) of each month. | |
| Utilities: | Utilities are included in the above price, as is one internet connection. | |
| Security Deposit: | None required | |
| Condition: | Tenant accepts space in AS IS condition | |
| Other Terms: | The parties agree that this agreement sets the terms and agreement for the lease of the office and storage space described above. The parties will come to a separate agreement covering any shop fees, parts, labor, or any other exchange between the parties. Those separate agreements will have no effect on the terms and conditions of this agreement. |
| ***@*** | ISO 9001 Registered | www.epecoinc.com |
Accepted by:
| Tom Dill | Tim Ruddy | |
| Chief Operating Officer | Chief Executive Officer | |
| Electric Power Equipment Company | Vista International Technologies, Inc. | |
| 5151 East 56Th Ave. | ||
| Commerce City, CO 80022 |
 | Electric Power Equipment Company |
