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• LOCATION ~ IEASE AGREEMENT 4'~
1~~
17th January .10~-. by aria betweol+
THIS AGREEMENT made and enterod into this dsY of -
Araven Services Company, Inc. dlbla Florida Music Company
d18 Pork Ploce, west Polm baoch, Florido, hereinofter re(errad to os Canpony, and _~H INC Ruth M Sheller-President
Alvin H. Sheller-Sec/Treas. -Jim Spaulding, Mgr. , he?a;Mfur rohrred to as Propriato?.
WITNESSETN:
RAMH, Inc. D/B/A
WHEREAS, tM Prop?iet0? warrants and represents unto tM Company that the business known as
Montego Bay Restaurant $ Lounge
and loi:ated al 5353 North U. S. I, Fort Pierce, Florida 33450 owMd by tM P?oo.iata, and
WHEREAS, /M Proprietor warrants and roprosants unto tM Company tMt then an M otMr aRrNmenls tMtlNeen tM Proprietor and anyone abe
In fore, an0 affect ss pertains to coin-operated msehines M tM type ss MroinaKer specified: and
WHEREAS, tM COn?pany is in tM twsiness of lessins. rontins. serviciry. operatins, msintainins and ?epairins Ot gin•operoted mathiMS: and
WHEREAS, it is to tM mutual benefit of each party Mato that they enter into an atroament for tM Olagmant, ssrvieins and maintainins of qr~ {
fain gimoperated fachines in tM sfpromentionsd location.
NOW, THEREFORE. in gnsideralion Of tM swn o/ Ten and No/100 (130.00) Oolbro, each to tM other In hand pab in qsh, and other rood and
valuable considerations as Mroinafter sat forth. tM ps?tias Mroto ,Free as follows:
1. TM Troprietor represents sod warrants to tM Company that tM Proprietor is tM owner of tM aforamentionsd business and tMt said bWlrNfs
Is dub sod properb lignsed ey ell reQuirod authorities, and furtMr, that tM undenisned is authorized and smpowered to enbr into this Asroamant. s
2. Ttie Proprietor Mreby ,areas tMt • spsq will be provided within tM aforementioned business at tM a/oromentionad address In which speq
tM Company aeries to install, operate, slrviq and maintain for tM duration of this Ktelment. end any renewal periods, ooin•oparoted wndlns machines
of tM types MreinaftN specified, said machines at all times to bs Placed t?jr the Proprietor in a conspicuous place and'tp Oe readily sccessibN m tM l
public patrOnizint tM Proprietor's promises.
3. It is understood and screed that tM Company shall Install. operate, serviq and maintain ginoparated rnachinet on tM Proprietor's premises.
end that tM income derived from said machines shall t?a divided Wtween the Company and the Proprietor as folbws:
(a) As to music mschines_ 50/50 plus tax !pith X25.00 minimum per
week to company.
(b) As to amusement s•n+• maehi - 50 50 lUS tax J ~ ' !
~ "f~ !
$.80 per carton commission to proprietor u
(e) As to cisarotb mschi ~ J
1. THIS AGREEMENT SHALL BE 81NOING UPON THE PARTIES HERETO, THEIR HEIRS, SUCCESSORS, EXECUTORS `l
ADMINISTRATORS ANO ASSIGNS, ANO SHALL BE FREELY ASSIGNABLE BY THE COMPANY, ANO THE PROPRIETOR GOES NEREOY J~ ~J
REPRESENT THAT IN THE-EVENT THE PROPRIETOR'S fUSINESS IS SOLD OR TRANSFERRED, THE PROPRIETOR WILL NOTIFY TH(+ / •
COMPANY AT LEAST FIVE I5l DAYS BEFORE FINAL CLOSING, THAT THE PURCHASER OR TRANSFEREE SHALL 8E NOTIFIED VF
THE EXISTENCE ANO OBLIGATIONS OF THIS AGREEMENT, ANO NO SALE SMALL BE MADE BY THE PROPRIETOR UNLESS THE
PROPRIETOR SECURES AN ASSUMPTION OF THIS AGREEMENT 0Y THE PURCHASER. IN THE EVENT THE PROPRIETOR MOVES FROM ~7
THE PLACE HERETOFORE DESIGNATED AS THE PROPRIETOR'S PLACE OF BUSINESS, THIS AGREEMENT SHALL REMAIN IN FULL
FORCE AND EFFECT.
S. TM Proprietor does herby aeknowNdq regiPt fran tM CompaM? of tM sum of 040.00 said strm eorutltutlrls a
Advance commission
and 8sins dNmad further consideration under this Asreanant. and tM Proprietor ,arses M tspey said
4
monies to tM Company as follows:
On demand or option of the Company all commissions
(music, games, cigarettes) earned by proprietor to be applied to loan ~
balance tmtil paid in full. To be re aid in full by January 1, 1981. _ ~
f
l
THIS AGREEMENT IS SUBJECT TO THE TERMS AND CO ON ON THE R IDE HEREOF.
• fH WITNESS WHEREOF, tM parties Mroto Mw hereunto set thsir Mods and ls. rid rflrst
` slEned, sealed and eeliwrod In prosence ot: P OPRIETO RAMH, I C . d/b/a/ Mo tego B
sEAta
As to Proprietor COMPA Y:
Araven rvi es Company, Inc. d1b/a Florida Music
. As to Company
aY - - - - - _ - ~
~ FOR ANO IN CONSIDERATION of tM cowMnts contained in tM ,bows eE s Lotatiofl Lease 11Sreement and in order to Induq tM Cefl1-
Deny to enter into tM above Asreement with tM Proprietor, 1 MrewitA by tM ecu ~ of this AEresment do parse alb and ungnditlonally suaraMee
to tM Company tM full and complete plrfornunq and complianq t/y tM ri with s sod ition this merit
sEAI)
STATE OF FLORIDA ~p~~ •
COUNTY OF J ~...•;~~r` )
BEFORE ME tM undersisned authority, dub rawlified to take acknowledsments and ini t s. '~,~,~;.,''.i.rr4~ ~.',t~ i
who acWwwledsed that they haw read tM foresoins Asnternsnt, undentsnd tM contents tMreo/, and stknowlsdfe same for ~ ~ t- ~li
LIMB. 'r T,r - ' ~ it f
IN WITNESS WHEREOF. 1 haw Mreunto set my hand and olf"icial seat, In tM Sute and County last aforosaid. this ~ o ~ ~~r
MY Commi a:plna Notary Public L-~ ~ . ~ ~ '
60IARY Q~1C STATE OF fLOR~DA AT ~ ^?!',E GR . `•4 ~ ~ '
326
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1<ONDED IHRU Gft~lERAL fNS, UNDERWRI1lR5„