LEASE AGREEMENT.

This Lease (“Lease”) is entered into by the undersigned Parties for the property known as ______________ (hereinafter “Premises”)

PARTIES: NAMES AND ADDRESSES.

Landlord: __________________________ Contact Info: _______________________________

Tenant: ___________________________ Contact Info: ________________________________

TERM.

This Lease shall commence as of _______________ and terminate on _____________, (The “Lease Term”).

THE PREMISE.

The Business Premise where the Tenant’s PIM unit shall be installed is located at ____________.

LEASE PAYMENT.

  1. Lease payment requests shall be submitted to be executed and the funds shall be disbursed within 6 hours of receiving the payment request, at the market value at the time of the request. The Client acknowledges that the funds received shall be equal to 10% of the units computed currency value.
  2. The payment shall be made upon deduction of at least Five Hundred Dollars ($500) for insurance of the PIM unit against theft, damage or equipment non-return.
  3. All rent payments shall be payable to Landlord at Landlord’s address captioned above or at another address should Landlord so request from Tenants in writing.

LANDLORD’S OBLIGATIONS.

The Landlord shall ensure that the PIM unit is connected to power source and internet 24/7 so as to receive any payments from the Tenant.

SUBLEASE.

The Landlord shall not, during the term of this Agreement, sublease the premises and/or allow the installation of a machine that is similar to the Company’s PIM unit in the premises covered under this Lease Agreement

BY SIGNING THIS RENTAL AGREEMENT, TENANT AGREES THAT UPON SURRENDER OR ABANDONMENT, AS DEFINED BY THE STATE STATUTES, THE LANDLORD SHALL NOT BE LIABLE OR RESPONSIBLE FOR THE STORAGE OR DISPOSITION OF TENANT’S PIMS UNIT.

LANDLORD: _____________     ________________________________               __________

                        (SIGNATURE)                  (PRINT NAME)                                            (DATE)

TENANT: _____________        ___________________________________           ___________

                   (SIGNATURE)                      (PRINT NAME)                                               (DATE)

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