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HomeMy WebLinkAbout5800245_redactedLeaseAgreementPJ DEVELOMENTI LLC 7341 Westpon. Place West Palm Beach, Horida 33413 I'cIcphone (772) 607-4000 * Facsimile (772) 288-4155 SECOND AMENDMENT TO SI'D'E LEASE AGREEMENT This First Amendment to the Site Lease Agreement ("Amendment") is made and entered into this 18th day of February, 2009 by and between PI Development, LLC, a Florida Limited Liability Company (Lessee) and Charles Fox and David Hoines, WHEREAS, Lessee and Lessor entered into a Site Lease Agreement ("Agreement") dated May 10, 2008; WHEREAS) in case of any inconsistencies between the terms and conditions contained in the Agreement and the terms and conditions contained herein, the terms and conditions herein shall control. Except as set forth below, all provisions of the Agreement remain unchanged and in full force and effect. NOW THEREFORE, in consideration of the sum of Ten and no/100 Dollars ($10.00) and the mutual covenants and conditions contained herein and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereby agree as follows: L The Lease Parcel shall be increased by Ten Feet (10') on all sides for the sole purpose of a Ten Foot (10') landscape buffer. Attached is a survey and legal description of the Leased Parcel. IN WITNESS WHEREOF, Lessor and Lessee having read the foregoing and intending to be legally bound hereby, have executed this Lease Amendment as of the day and year first written above. S' ed, sealed, and delivered in the LESSOR: Charles Fo id A. Hoines - -- i I. %-/I & VA By: itness Officer's N: Charles ox Print Name �1 bhouQ' Title - By: itness ,ft Officer'sDavi oines Print Name: 7b _ c&b Title:_ � SIGNATORS CONTINUED ON FOLLOWING PAGE JUSEI`H E. SMITH, CLERK OF THE CIRCUIT COURT SAINT LUCIE COUNTY FILE # 33-43817 W1212009 al 11:29 AM OR BOOK 3= PAGE 1631.1834 Dao Type: AGR RECORDING: $35.50 LESSEE: P3 Development, LLC, A Florida 17.y."11tea llal6n;ty c�smjspe�y By: " Witness Officer's Name: Paul A. Scott Print Name: M I -Coe} if H4:ChMMe: Managing Partner r tress � p Print Name:?C(k��l'• /t 0 IN WITNESS WHEREOF, the parties have executed this Amendment of Luse as of the day and year first above written. LESSOR: STATE OF FLORIDA COUNTY OF BROWARD The foregoing instrument was acknowledged before me this Iq day of��, 20by Charles H. Fox and David A. Hoines o are rsonall known tome or who Pe �► have broduced as identification and who did (did not) take an oath. WITNESS my hand and official seal. t' Notary u is Print Name My Commission Expires: JEAN �� b 675651 EON Jprm 24, 2011 SIGNATORS CONTINUED ON FOLLOWING PAGE LESSEE: STATE OF FLORIDA COUNTY OF MARTIN The foregoing instrument was acknowledged before me this J�'day oilInk 24 a by Paul A. Scott as Managing Partner of Pd Development, LLC, a Flo Limited Liability Company, who is personally known tome or who has produced as identification and who did (did not) take an oath. WITNESS my hand and official seal. LQ Notary Publik)1abf LU �.. en C .. Print Name My Commission Expires: Nota public Stat# of Florida aCey Erickson Q0f; My Commission m5soe90 Expires O&21f2010 IM:r � a S lig 1%i il�-:Ce! I r�s.a - pip R.'.I18 @90-REypiFa .fes Qf g j!1 �b�a j[ ER6 L � 8 9_R 7 f $3dri�� j.x 01x1: A11411aa51 etf � NN, -H 4 R' -NN, ga 11, r isPrig! N1 r p E E PEP, y Y�5„ a �IERNfr FX Y � � I 1 R 01 a g 3 x• -Mg.— X aa r i E Ciil � ti4 ayra4"� R.aRA. �a avprp� a� r�f•r � r faR_= r BCY�eQ R` � eRt�4� R y ��oyp�y Y"Etl� gfiarr ^R3* - pp f1 p�k'xPp 'hy �tli�e 'SFR R�.tl x R PJ DEVELOPMEN'r, LLC 7341 Westport Place West Palm Beach, Florida 33413 Telephone (772) 607-4000 * Facsimile (772) 2884155 FIRST AMENDMENT TO SITE LEASE AGREEMENT This First Amendment to the Site Lease Agreement ("Amendment") is made and entered into this 10th day of July, 2008 by and between PJ Development, LLC, a Florida Limited Liability Company (Lessee) and Charles Fox and David Hoines. WHEREAS, Lessee and Lessor entered into a Site Lease Agreement ("Agreement") dated May 14", 2008; WHEREAS, in case of any inconsistencies between the terms and conditions contained in the Agreement and the terms and conditions contained herein, the terms and conditions herein shall control. Except as set forth below, all provisions of the Agreement remain unchanged and in full force and effect. NOW WHEREFORE, in consideration of the sum of Ten and no/100 Dollars ($10.00) and the mutual covenants and conditions contained berein and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereby agree as follows: 1. The name of the Lessor's, Charles Fox and David Hoines in all references is changed to Fee Simple Owners, Charles H. Fox; David A. Hoines and Bonnie K, Hoines, husband and wife; and David E. Chapper IN WITNESS WHEREOF, Lessor and Lessee having read the foregoing and intending to be legally bound hereby, have executed this Lease Amendment as of the day and year first written above. Signed, sealed, and delivered in theLESS ar Ch K. Hoines, husband and wife; and avid C p Witness Officer s Name: Print Name: Title: i L. Witn st_ [, Print e: ` w7u SIONATORS CONTINUED ON FOLLOWING PAGE FRx; David A. Hoines and re erwe of: -*Wes By: ss Officer's Name '0,Y/ Print Name:4e Title: !J" �Vitn s Print e: ` E • L Witness Print Name' Witne( Print Xdhe: aL�� Witness Print Name: wip e s P "tame: Witness Print Name: Witness Print Name: fitness Print Name: ��g By. Officer's Name: i Title: _ �-- By: Officer's am ' ✓� •� Title:,w�-- _ By: officer's Name: Title: LESSEE: PJ Development, LLC, A Florida limited liability company By: %N . Officer's Name: Paul A. Scott Title: Managing Partner Witness Print Nance: M i l G" ) 15? 1--1 h rncl r� IN WITNESS WHEREOF, the parties have executed this Amendment of Lease as of the day and year first above written. LESSOR: STATE OF FLORIDA COUNTY OF U60W *&WA4P The foregoing; instrument was acknowledged before me this -�— day of� 20 by Charles H. Fox; David A. Hoines and Bonnie K. Hoines, husband and ife; and David E. Chapper, who �ient �ersonall known to or who have produced an and who did {did not) take an oath. WITNESS my hand and official seal. Notary Public Print Name My Commission Expires: LESSEE: STATE OF FLORIDA. COUNTY OF MARTIN My COMMIS DD 350191 EXPIRES. Au 26.20 T e foregoing instrument was acknowledged before me this 2 day of 11, , LLA Florida 20 by Paul A. Scott as Managing Partner of PJ Development, , Limited Liability Company, who is personall_y known to me or who has produced as identification and who i id not) take an oath. WITNESS my hand and official seal. Notary PUT,�+qce-, Print Name My Commission Expires: LEASE AGRE4 Ef ME' NT Forty `freestanding " tower and wireless communications, focifitV Located at: Facility: Fox and Hoines Property Street Address, ? (Address -number not assigned yet) St. Lucie Blvd. City: Ft. Pierce County " St. Lucie State. Florida. between PJ DEVELOPMENT, LLC - A. Florida CorPoTation, LESSEE And Mr. Charles Fo,x and Mr. David Hoines. Lessor Page 1 of 18 LEASE AGREEMENT FOR PROPERTY LOCATED P1 THE STATE OF FLORIDA THIS LEASE AGREEMENT (the "Lease) is made this if day of 2008. by and between W. Charles Fox and Mr. David<Iloines, as individuals, the address of which is 3081 E Commercial Blvd Fort Lauderdale, FL 33308-4380, (the "Lessor") and PJ DEVELOPNMNT LLC, a Florida Corporation, having its principal place of business at 7341 Westport Place, West Palm Beach, FL 33413 ("Lessee"). 1. Description of Leased Property, Lessor warrants and represents to Lessee that it is the fee simple owner of that certain real property located in Ft. Pierre, Florida, legally described on Exhibit "A!' attached hereto and made a part hereof by this .reference C T essor's Property" ). For good and valuable consideration, Lessor leases to Lessee a portion of Lessor's Property, that portion being described as an approximately 40',x 100', Four Thousand (4000)square foot parcel (thy: "Leased Premises") and grants to Lessee an exclusive right for ingress and egress, seven days per week, twenty-four hours per day, on foot orrrotor'vehicle, including trucks, along a twenty -foot wide right- of -way extending f om the .nearest public right-of-way (the "Easement Area"), together with the right to .install, >replace and. maintain utility wires, poles, cables; conduits and pipes in the Easement. Area, (the '`Lessee Facilities''). The Leased Premises and Easement .Area are generally described in a survey drawing attached hereto as Exhibit zB» In the event any utility is unable or unwilling to use the described Easement Area, Lessor hereby agrees to grant an additional easement either to the Lessee or directly to the public utility at no cost and in a location acceptable to either Lessee or the public utility. 2. Lease Term. This Lease shall be for an initial term (the "Initial Term") of Ten. (10) years beginning cin the Commencement Date (hereinafter defined). At Lessee's option, this Lease 'shall automatically be extended for four (4) subsequent five (5) year terms (the "Renewal Terris") unless Lessee terminates it pursuant to Section 4 (Lessee's Right to Terminate) of this Lease. The Initial Term and any Renewal Terms shall be collectively referred toas the "Lease Term". The initial Term shall commence on tine date (the "Commencement Date") on which Lessee commences material physical alteration of the Leased Premises for the purpose of constructing the wireless communications facility ("Construction"). 3. Rent. Beginning on the Commencement Date, Lessee shall pay to Lessor S 4001EMper year to be paid in equal monthly installments of rent (tile `°hent") far the Leased Premises. Page 2 of 18 Alter the first five (5) years of the initial Term, the Rent shall increase by fifteen percent (15%) over the Rent that was in effect during the previous five-year period. For every five-year period thereafter, the .Rent shall be increased by fifteen percent (15%) over the previous five-year period. Each payment of Rent shall be accompanied by the applicable Florida saps tax, if any is due.. 4. Lessee's. Right to Terminate. Luring the Lease Term; Lessee shall have the absolute, unilateral right to terminate this Lease, at any time, by providing Lessor with six (b) month's prior written notice. Said termination shall be effective six (6) months after the date Lessee provides notice of termination to Lessor. 5. Effect of Termination by Lessee. Upon termination of this Lease by Lessee, the parties shall have no further obligations except for Lessee's obligations to pay any rents due or that may become due, and those specific provisions contained in the Lease that survive termination. G. Use of Property. The Leased Premises and all easements, rights and privileges herein granted shall be used only for the purpose of constructing, maintaining and operating a wireless communications facility and uses incidental thereto for Lessee's use and for the use of its sublessees and/or licensees ("Lessee's Permitted Use"). It is the 'intent of the parties that, Lessee's communications facility shall not constitute a fixture. Lessee shall place a security fence, consisting of chain-link or comparable construction, around the perimeter of the ]..eased 'Premises, It is understood and agreed that all improvements shall be undertaken at Lessee's sole expense. Lessee will maintain the Leased Promises in a reasonable and sarc condition. Lessor shall take no action that would adversely atlect the status of the Leased Premises with respect to the Lessee's Permitted Use. Lessee will maintain the Leased Premises in a manner consistent with the design. drawings used to construct the Lessee Facilities. 7. ]Due Diligence/Lessee's Ability to Use Property. rty. At Lessee expense during the Lease Term, the Lessee and Lessee's representatives may enter the Lessor's property for the purpose of inspecting and surveying the Leased Premises and the easement area acid conducting engineering tests, including, but not limited to soil boring tests, appraisals and other investigations, inspections and tests, and environmental and other hazardous materials investigation, as well as, for the purpose of constructing the Lessee Facilities contemplated by this Lease Agreement. If, as a result of such investigation, it is determined that the Leased Premise are not suitable for the purpose of constructing the Lessee Facilities as contemplated herein, then Lessee may terminate this Lease Agreement upon thirty (30) day's notice and will have no further obligations for the payment of rent except for the rent that may be due through the termination date. Lessor agrees to execute documents reasonably necessary to petition the appropriate public bodies for the approvals and to be named as "Applicant" is requested by Lessee in order to construct the Lessee Facilities contemplated by this Agreement. Both parties understand that tinie is of the essence during the investigation tinie period. Page 3 of 18 8. Removal of Obstructions. Lessee has the right to remove obstructions, including but no limited to vegetation, which may encroach upon, interfere with or present a hazard to Lessee's use of the Leased Premises. Lessee shall be responsible for disposing; of any material related to the removal of obst►vctions, 9. Hazardous Substances and Hazardous Wastes. Lessee shall not (either with or without negligence) cause or permit the use, storage, generation, escape, disposal or release of any Hazardous Wastes in any manner not sanctioned by law. In all events, Lessee shall indemnify and hold Lessor harmless from any and all claims, darnages, fines. judgments, penalties, costs, fiabiiities or losses (including, without limitation, any and. al! sums paid for settlement of claims, attorney's fees, and consultants' and experts' fees) from the presence or release of any Hazardous Substances or Hazardous Wastes on the Lease Premises, if caused by Lessee or ;persons acting under Lessee. Lessee shall execute such affidavits, representations and the like from time to time as Lessor may reasonably request concerning Lessee's best knowledge and belief as to the presence of I Iaxardous Substances or i lazardous Wastes on the Leased Premises. Lessor shall not (either with or without _negligence) cause or permit the use, storage, generation, escape, disposal or release of any Hazardous Substances or Hazardous Wastes in any manner not sanctioned by law. Ja all events, Lessor shall]- indemnify hallindemnify and hold Lessee harmless- from any and all claims, damages, 'fines, judgmennts, penalties, costs, liabilities or losses.(including, without, limitation, any and all sums paid for settlement of claims; attorneys' fees, and consultants' and experts' fees) from the presence or release of any ffi&ardous Substances or Hazardous Wastes on Lessor's Property unless. caused. by Lessee or, persons acting udder Lessee. Lessor'shall execute such affidavits representations and the life from time to time as Lessee may reasonably request concerning', Lessor's best knowledge and belief as to the presence of Hazardous Substances or Hazardous; Wastes on Lessor's Property. For Purposes of this Lease, the term "Hazardous Substances" shall be as defined in the Comprehensive Environmental Response, Compensation, and Liability Act, 42 U.S.C. §§ 9601 et seq , sand any regulations promulgated pursuant thereto, and as. used to define "Hazardous Wastes" in the Resource Conservation and Recovery Act, 42 U.S.C. §§ 6901 et.seq., and any regulations promulgated thereto. 10. ]insurance. At all times during the Lease Term, Lessee, at its sole expense, Lessee shall .obtain and keep in force insurance which may be required by any federal, state, or local statute or ordinance or any governmental body having jurisdiction in connection with the operation of Lessee's business upon the Leased Premises. Lessee agrees to name Lessor as an additional insured under Lessee's liability insurance policy. In no event, however, shall Lessee not have general liability insurance of less than Two Million Dollars ($2,000,000.00), specifically a One Million ($1,000,000.00) policy for the property and a Two Million ($2,000,000.00) umbrella policy, on which such policy Lessor shall be named as an.additional insured. Landlord shall not be responsible for any intentional. or negligent acts of Lessee that affects third parties; as Lessee has control and management of the Leased Premises. Page 4 of 18 11. Waiver of Subrogation. The parties hereby waive any and all rights of action for negligence against the other which may hereafter arise on account of damage to the Leased Premises resulting frown any fire or other casualty of the kind covered by property insurance policies with extended coverage regardless of whether or not, or in what amount, such insurance is now or hereafter carried by the parties. 12. EminentDomain. If any part of the Leased Premises;is taken by eminent domain, Lessor will notify Lessee of the ta.k ng within five days and Lessee will have the option to: (a) declare this Lease null and void with thereafter being no further liability or obligation by either of the parties hereunder: or (h) remain in possession of that portion of the Leased Premises not taken, in which event there shall be an equitable adjustment in 'rent on account of the portion of the Leased Premises cso taken. With either option., Lessee has the ability to contestthe taking and directly proceed to obtain an award, or a portion of the award, allocated to Lessee's interest in the Leased Premises. 13. right of First refusal. If during the Lease Tenn, Lessor receives an offer from; any entity to acquire landlords' interests in the Lease or Leased ;Premises, Lessor shall provide written notice to Lessee of said offer. Lessee shall have a right of first refusal to purchase, at its election and on the terms and conditions as in Lessor's Notice. The Right of First Refusal must be exercised within 30 days from the date of notice. If Lessee does not exercise its right of first refusal by written notice to Lessor within thirty'(30) days, Lessor may sell the property'described in the Lessor's Notice. 14. Surrender of Property. Upon e:-piration or termination of this Lease, Lessee shall, within a reasonable time, remove its building(s), tower and all aboveground property and restore "the surt"ace of the Leased Premises to its original condition, reasonable wear and tear excepted. At the termination of the Lease, the Lessor will have the option to ,take possession of the tower. The Lessor must notify Lessee in writing of Lessor's decision on whether or not to keep the tower. If the Lessor decides to keep the tower, then the Lessor will relieve Lessee of all liabilities and obligations for the removal, maintenance and care of the tower. 15. Recording, Lessor acknowledges that Lessee intends to record a Memorandum of this Lease with appropriate recording officer upon execution of this Lease. Lessor shall execute such a Memorandum promptly upon Lessee's request. (Exhibit E) 16. Hold Harmless. Each party shall indemnify and hold harmless the other Party from any claim of liability, loss or damages made against one party for the personal injury or property damage arising from, the use and occupancy of the Leased Premises caused by acts of the other party, its servants or agents. The provisions of this section survive termination of the Lease. 17. Lessor's Covenant of Title. Lessor covenants that Lessor is seized of good and sufficient title and interest to the Lessor's Property of which the Leased Page 5 of 18 Premises is a part and has full authority to enter into and execute this Lease. Lessor further covenants that (1) there are no aspects of title that might interfere with or be adverse to Lessee's interests in and intended use of the Leased Premises and (2) title shall be such that Lessee will Have the ability to obtain title insurance at re.gplar rates. I.S. Interference.. From and after the elate hereof and continuing until the Lease is terminated, Lessee shall have the exclusive right to constrict, install and operate commuineations facilities that emit radio frequencies on Lessors Property. Lessor shall not permit (i) the construction, installation or operation of any communications facilities that emit radio frequencies on Lessor's Property other than the comununieatiom facility to he constructed, installed and operated on the Leased Premises or (ii) any condition on Lessor's Property which :interferes with Lessee's Permitted Use. Each of the covenants made by Lessor in this Section 18 is a covenant running with the land for the benefit of the Leased Premises and shall be binding upon Lessor and each successive owner of any portion of Lessor's Property and upon each person having any interest therein derived through any owner thereof' 19. Quiet En'oyment. Lessor covenants that Lessee, on paying Rent and performing the covenants of this Lease, shall peaceably and quietly .have, and enjoy the :Leased Premises. 20. Mortgages. At Lessor's option, this Lease shall be subordinate to .any mortgage by Lessor which may now or hereafter affect all of Lessor's Property including the Leased `'remises, provided that any such mortgage shall recogmi?e the validity of this Leasc:in the event of foreclosure of Lessor's interest and also. recognize Lessee's right to remain in possession and have access to the Leased Premises. In the event that the Leased Premises is encumbered by a mortgage, Lessor shall obtain and furnish to Lessee a non -disturbance agreement for each such mortgage in recordable form. Lessee shall execute whatever instruments may reasonably be required to evidence this . subordination clause. 21. Default. In the event that there is a default by Lessor or Lessee (the "Defaulting Praty") with respect to any of the provisions of this Lease or Lessor's or Lessee's obligations .under the Lease, the other party (the "Non -defaulting Party") shall give the Defaulting Party written notice of such default. After receipt of such written notice,. the Defaulting Party shall have fifteen days in which to cure any monetary default and thirty days .in which to cure any non -monetary default; provided, however, the Defaulting; Party shall .have extended periods as may be required beyond the thirty days if the nature of the cure is such that it reasonably requires more than thirty days and the Defaulting Party commences the cure within the thirty period and there after continuously and diligently pursues the cure to completion. The Non -Defaulting Party may not maintain any action or effect any remedies for default against the Defaulting Party guess and until Defaulting Party has failed to cure the sante within the time periods provided in this Section 21. Page 6 of 18 Lessor acknowledges that under the terms of this Lease, Lessee has the right "to terminate this Lease at any time upon six months' notice,, accordingly, in the event that Lessor maintains any action or effects any remedies for default against Lessee resulting in Lessee's dispossession or removal, (i) the Rent shall be paid up to- the elate of such dispossession or removal and (ii.) ;Lessor shall' be entitled to recover from Lessee, in lieu of any other damages, as liquidated, final damages, a sum equal to six months rental. In no event shall Lessee be liable to Lessor for consequential, indirect, speculative or punitive damages in connection on with or arising out of any default. In the event that Lessor is in default beyond the applicable periods set forth above, Lessee may at its option upon written notice; if such default is substantial and material, declare the Lease Tenn ended and vacate the Leased Premises and be relieved 'From all further obligations under `.his Lease; and/or incur reasonable expenses necessary to perform the obligation of Lessor specified in such notice, and. any amount paid by Lessee in so doing .shall be deemed paid for the account of Lessor, and ;Lessor agrees to reimburse Lessee therefore; sue for injunctive relief; and/or sue for specific performance; and/or sue, for damages; and/or set off from Rent or any other amount any reasonable amount expended by Lessee as a result of such default. In the event of a termination of this. Lease by Lessee on account of Lessor's default, Lessee shall be. entitled to recover from Lessor the depreciated value of all of Lessee's improvements, located on the Leased"Premises as set forth in Lessee's records and accounts. 22. Entire Agreement. lessor and lessee agree that this Lease contains all of the, agreements, promises and understandings between Lessor and Lessee. No verbal or oral agrcenient� , promises or understandings shall be binding, upon cither Lessor or Lessee in any dispute, controversy or proceeding at law. Any addition, variation or modification to this Lease shall be void and inetaTective unless made in writing and signed by the parties hereto. 23: Construction of Document. Lessor and Lessee acknowledge that this document shall not be construed in favor of or against the drafter and that this document shall not be construed as an offer until such time as it is executed by one of the parties and then tendered to the other party. 24. AD pllicable Lave. This Lease Agreement and the performance thereof shall be governed, interpreted, construed and regulated by the laws of the State of Florida. In the event that a dispute arises under this Lease, the parties agree that the venue for any Iitigaton shall be Palm Beach County, Florida, or the County where the property is located. 25. Notices. All notices hereunder shall be in writing and shall be given by (i) established express delivery service which maintauis delivery records, (ii) hand delivery, or (iii) certified or registered mail, postage prepaid, return receipt requested. Notices may also be given by facsimile transmission, provided that the notice is concurrently given by one of the above methods. Notices are effective upon receipt, or upon attempted delivery if delivery is refused or if delivery is impossible because of failure to provide reasonable Page 7 of 18 means for accomplishing delivery. The notices shall be sent to the parties at the following addresses: If to Lessor: (This is the remittance address also,) Mr. David Hoines 3051 E. Commerical Blvd.,#200, Ft. Lauderdale, FL 33308 Phone: (954) 772-2444 Fax (954)772-1860 Email: DAHFL@aol.com realestate@chappergroup_com If to Lessee: PJ Development, LLC 7341 Westport Place. West Palm Beach, FL 33413 Attention: lvh•. Paul A. Scott Facsimile No.:772-285-4155 2.6. Assignment and Sublease. Lessee has the right, within its sole discretion, to assign and sublease this Lease and/or to license space on the Leased Premises and Lessee's wireless communications facility. Any assignment or sublease of this Lease or license of space shall be binding upon the successors, assigns, heirs and legal representatives of the respective parties hereto, but Lessee shall remain liable for performance of terms -and: conditions of this Lease.. Lessee has the further right, within its sole discretion, to encumber this Lease, provided that any such encumbrance(s) shall be subject to the provisions of Paragraph 20. Upon notice to Lessor of any leasehold mortgage by Lessee, Lessor agrees to give the holder or such leasel old mortgage (the "Leasehold Mortgagee) written notice of any default by Lessee hereunder and an opportunity to cure any such default within fifteen (15) days atter such notice with respect to monetary defaults and within a commercially reasonable period of time after such notice with respect to any non -monetary default. 27. Partial Invalidity. If any term of this Lease is found to be void or invalid, then such invalidity shall not affect the remaining terms of this Lease, which shall continue in fiill force and effect. 28. Successors and Assigns. This Lease Agreement shall extend to and bind the heirs, personal representatives, successors and assigns of the parties hereto, including any successive owners of the Lessor's Property. 29. Ileal Estate Taxes. Lessor shall pay all real estate taxes on Lessor's Property, provided Lessee agrees to pay for any documented increase; in real estate taxes levied against the Leased Premises that are directly attributable to the improvements constructed by Lessee. Lessor agrees to provide Lessee any documentation evidencing Page 8 of 18 the increase and how such increase .is. attributable to Lessee's use. Lessee reserves the right to challenge any such assessment and Lesser agrees to cooperate with Lessee in. connection. with any such challenge. 30. Lessor's Waiver. Upon Lessee's request,Lessor shall promptly execute;a Subordination Agreement subordinating Lessor "s landlord's lien concerning equipment which is subject to third party financing and installed on the leased premises. 3.1. Construction o ` ..ease. The captions preceding the Sections of this Lea.se are intended only for convenience ofrefereace and;ut no way define, li:niit or describe the scope of this Lease or the intent of any provision hereof: whenever the singular i's used, the same shall include the plural and vice versa and words of any gender shall include the other gender. As used herein, "including" shall mean `:including, without limitation". (Signatures appear on following` page) Page 9 of 18 IN WITNESS WHEREOF, Lessor and Lessee having read the foregoing and intending to be legally bound hereby, have executed this Lease Agreement as of the day and year first written above. Pri ame:��- '� • � 4 III INN IN @�i,Ni► I►f P �,� LESSEE: PJ Development, LLC. A Florida Corporation —dTAX-AQ W "0CA IIYYVVN By. U � Witness Officer's Name:, Paul A. Scott Print Name: i C h t I<a HcC h rTlO r) Title: Managing Member Print Name: (Acle owledgments appear on following page) Page 10 of 18 STATE OF FLORIDA ss COUNTY OF The foregoing instrument was acknovd 2008, by Mr. David Hoines and Mr. Chary themsalves; fie/She is personalty known to me or has identification. before me this !Eday of as individitals, on, behalf of L. Si a re of Notary Public as Printed Name of Notary Public My Commission Expires: (Seal) JEAN E. GULA ommissIcIn DD 5651 oil COMMIsslOn DD 675651 Expires June 24, �2201 1 E BMW 7b1U'rmvF;&k b'ft= W49S.17019 STATE OF FLORIDA ss COUNTY OF ) a161 ReaeA : The foregoing instrument was acknowledged before me this A/ day of Aeu/ .9-008, by Paul A. Scott as Managing Member of PJ Development, LLC, a Corp 6ration incorporated wider the laws, of the State of Florida, on behalf of said Corporation. He/She is persly lmown to me or has produced as identification. My Commission Expires: �Siiggnature of&70iary Public Page 1 I of 18 by an 31 to ,ease Agreement,dated _ZO_M,5 . Legal Description of Parent Tract; Page 12 of 18 C'Lessor",) Site Sketch Including Easement Area: SEE ATTACHE Page 13 of 18 FoRTI-I Proposed 40' x 80'Compound *Not to scale Location for reference only and will be determined by property owner and lessee. EX WIT "C" to Lease Agreement dated /vdtILI 2008 by and betvveen,Mr. David Hoines and Mr. Charles Fox asindividgals ("'Lemorl') SEE ATTACHED LEASER' PARCEL Page 14 of 18 l.•ta: f xta+af FE L' a 3 1 "Ce [ A Rfl RRAP. ��: jg��6pgs :ii rrrr^ r.:NGS. 9 ii Y R7f` t Y Eat Y S. 3 a. �. ;d�� f .S„ Yea a� s 21»m d9�YC�% 3:f”=x' .f1: o' A R �J aF�F .Y7 yy_ �iF W. SS7�'C -tl5 ivi TCy 12ge 3 1 "Ce Y :ii t Y Eat Y S. 3 a. �. ;d�� f .S„ Yea a� 3: d9�YC�% 3:f”=x' .f1: .SYfiiY� $�i �N qq.YYy A R �J aF�F .Y7 yy_ �iF W. SS7�'C -tl5 ivi TCy EXHWIT "DDI i0 Lease Agreement dated AAW /Y- 2008 by and hetweenMr. David Haines a►nd Mr. Chi rtes Fox, as ndividaals (IT mad Income AAnalysis (See attached.) Page 15 of 18 EXMIT i'ri,'9 RECORDED AT REQUEST OF, AND WHEN RECORDED RETURN TO PJ Development, LLC' 7341 Westport Place West Palm Beach, Florida 33413' MEMURANDUM;OF AGREEMI ENT This 'Memorandum of Agreement isentered into on this day of 20____, by and between a. Florida corporation with an address of fhereinafrer referred to as "Lessor') and. a Corporation, "Lessee'). with an address (hereinafter 'referred to Lessor and Lessee entered into a Communication Site Lease Agreement ("Agreement' ) on the day of , 20L__, for the purpose of installing, operating and maintaining a radio communications facility and ether improvements. All ofthc foregoing -are set forth in the Agreement. The term of the Lease is for Ten (10) years commencing on , 20 , ("Commencement Date") and terminating on the fifty anniversary of the Commencement Date with five (5) successive five (5) year options to renew. The Land which is the subject of this Agreement is in County, Florida, described in Exhibit A annexed hereto. IN WITNESS WHEREOF, the parties Have executed this Memorandum of Agreement as of the day and year first above written. SIGNATURES ON NEXT PAGE Page 16 of 18 LESSOR: Signed,scaled and delivered in the presence of - in Witness .Print Name Witness Print Name STATE OF FLORIDA COUNTY OF flY Print Name Title Tax 11) # The foregoing .instrument was acknowledged before me this day of 20 by as of a Florida corporation, who is personally known to me or who has produced as identification and who did (did not) , take an oath, WHNESS my hand and official seal. Notary Public Print Name My Commission Expires: Page 17 of 18 LESSEE. PJ Development, LLC 7341 Westport place West Palm Beach, Florida 33473 Signed, sealed and delivered in the presence of Witness Print Name Witness Print Name STATE OF FLORIDA COUNTY OF By Name Print, ................ . Title Tax ID The foregoing instrument was acknowledged before me this day of 20 by who is personally known to me or who has produced as identification and who did (did not) take an oath. WITNESS my hand and official seal Notary Public Print Name My Commission Expires: Page 18 of 18