Académique Documents
Professionnel Documents
Culture Documents
February 25th, 2014, by and between the entities set forth on E hibit A atta!hed hereto, with an
address of (!o""e!ti#e"y, $and"ord) and ________________________, a %yoming "imited "iabi"ity !om&any, with an address of '''''''''''''''''''''''''''''(()enant()* WITNESSETH: ),A), in !onsideration of the mutua" !o#enants !ontained herein, the &arties ha#e agreed as fo""ows+ 1. Premises. $and"ord, for and in !onsideration of the rents, !o#enants, agreements and sti&u"ations herein !ontained, to be &aid, -e&t, and &erformed by )enant, and said )enant, has "eased and rented, and by these &resents does "ease and rent unto said )enant, and said )enant hereby agrees to "ease and ta-e u&on the term and !onditions whi!h hereinafter a&&ear, the fo""owing des!ribed &ro&erty "o!ated at SEE EXHIBIT A LANDLORD ENTITIES: (a) A"" those !ertain s&a!es !onstituting the !on#enien!e store areas !"#$i"i"% $&&r!'im$#e() S*+$re ,ee# s-!." $s S/ITE CON0ENIENCE STORE (,ereinafter !a""ed the .on#enien!e /tore) on the site &"ans0"ega" des!ri&tions atta!hed hereto as E hibit 1 and made a &art hereof, "o!ated in that !ertain bui"ding (hereinafter !a""ed the 1ui"ding) situated !ertain rea" &ro&erty (hereinafter !a""ed the 2ro&erty) des!ribed in E hibit . atta!hed hereto and made a &art hereof, together with the &um& is"and !ano&y shown on said site &"an (hereinafter !a""ed the .ano&y), together with that &ortion of the 2ro&erty u&on whi!h is "o!ated on the date hereof gaso"ine mu"ti3&rodu!t dis&ensers, and the su&&ort !o"umns for the .ano&y (hereinafter !a""ed the 2um& 4s"ands) and the &ortion of the 2ro&erty be"ow the surfa!e thereof o!!u&ied on the date hereof by underground storage tan-s and the &i&e"ines a&&urtenant thereto (hereinafter !a""ed the /ub3surfa!e Area) (the .on#enien!e /tore, .ano&y, 2um& 4s"ands and /ub3surfa!e Area being hereinafter !o""e!ti#e"y !a""ed the 2remises) (the 1ui"ding and 2ro&erty being hereinafter !o""e!ti#e"y !a""ed the .enter)* (b) A"" of the trade e5ui&ment (hereinafter !a""ed )rade E5ui&ment) owned by $and"ord "o!ated in, atta!hed to or used in !onne!tion with the 2remises, in!"uding, but not "imited to, !oo"ers, free6ers, i!e ma!hine, !ounters, she"#es, de"i e5ui&ment, gaso"ine dis&ensers and underground storage tan-s and the &i&e"ines a&&urtenant thereto* )o ha#e and to ho"d the 2remises and )rade E5ui&ment for the term and u&on the !onditions set forth in this $ease* 1. Term !, Le$se. )he term of this "ease sha"" !ommen!e on and sha"" e &ire twenty (20) years after the .ommen!ement 7ate (the )erm)* 8otwithstanding the foregoing, the !ommen!ement of this $ease is !ontingent and !onditioned on $and"ord obtaining &ossession of the 2remises &rior to 2. Re"#$(. (a) )enant agrees to &ay $and"ord, during the )erm, rent (9ent) as fo""ows+ )ime 2eriod :onth"y 9ent 0 0 3 0 0 ; < &"us a"" a&&"i!ab"e sa"es ta
/tarting with the se!ond year, the month"y base renta" rate sha"" in!rease two and one3ha"f &er!ent (2*5=) ea!h and e#ery year thereafter* )enant sha"" &ay the month"y insta""ment of rent to $and"ord &rom&t"y on the first day of ea!h month in ad#an!e by A., e"e!troni! funds transfer initiated by $and"ord* (b) )enant sha"" &ay to $and"ord an additiona" sum of ten &er!ent (10=) of any renta" &ayment not re!ei#ed by $and"ord on or before fi#e (5) days &ast the due date* )enant a!-now"edges and agrees that $and"ord !an a&&"y any &ayments made by )enant to any debts owed by )enant to $and"ord or to $and"ord>s affi"iates due under agreements re"ated to the 2remises, notwithstanding any notes made by )enant on the &ayment or a!!om&anying the &ayment* For e am&"e, $and"ord !an a&&"y the &ayment made to, among other debts, outstanding "ate fees, interest, &ayments made by $and"ord to !ure )enant defau"ts, &ayments for any "oans made by $and"ord or its affi"iates to )enant, and amounts due under any fue" su&&"y agreement between $and"ord or its affi"iate and )enant, &rior to !rediting )enant for &ayment of rent* 3. A44i#i!"$( Re"#, /#i(i#) Bi((s, I"s+r$" e $"4 T$'es.
(a) .ommon Areas* .ommon Areas sha"" !onsist of those areas on the 2ro&erty des!ribed in 2aragra&h 1, whi!h are o&en for use by the &ub"i! and other tenants of the .enter, in!"uding, without "imiting the genera"ity of the foregoing, a"" &ar-ing areas, dri#eways, tru!- ways, de"i#ery &assages, !ommon tru!- "oading areas, wa"-ways, &"anted areas and "ands!a&ed areas* )he &arties agree that )enant sha"" ha#e none !"usi#e a!!ess in !ommon with a"" other tenants to the &ar-ing areas, dri#eways, wa"-s and ser#i!e areas a&&urtenant to the .enter* $and"ord sha"" ha#e the right at any time and from time to time to !hange the si6e, "o!ation, e"e#ation or nature of the .ommon Areas in!"uding, without "imitation, the right to "o!ate thereon -ios-s, stru!tures or other bui"dings or to !"ose &ortions thereof* )enant agrees that shou"d $and"ord re5uest, it sha"" !ause its em&"oyees, agents and !on!essionaires to &ar- in areas designated therefor* $and"ord reser#es the right to reser#e at its dis!retion, &ar-ing s&a!es for designated tenants* .ommen!ing on the .ommen!ement 7ate and thereafter on the first day of ea!h and e#ery month during the )erm, the )enant sha"" &ay to $and"ord in ad#an!e, without further noti!e or th bi""ing, one3twe"fth (1012 ) (&rorated for any &artia" month), as )enant?s estimated &ro&ortionate share of the !ost of o&eration and maintenan!e of the .ommon Areas, in!"uding the !ost of a"" uti"ities and sanitary or trash dis&osa" ser#i!es, !onsumed in, on or about the .enter whi!h is not se&arate"y metered or otherwise a""o!ated to tenants* %ithin thirty (@0) days after the end of ea!h !a"endar year, $and"ord wi"" furnish to )enant a written statement of the .ommon Areas !osts for su!h year, in!"uding the !om&utation of )enant?s &ro&ortionate share thereof for su!h year, any defi!ien!y between re5uired amounts and amounts &re#ious"y &aid and )enant?s estimated month"y &ro&ortionate share for the su!!eeding year* )enant sha"" on the first day of the ne t su!!eeding month &ay to $and"ord any defi!ien!y between re5uired amounts and amounts &re#ious"y &aid and on su!h date and on the first day of ea!h month thereafter unti" furnished with a subse5uent !om&utation as &ro#ided in this &aragra&h &ay to $and"ord the re5uired amount as ref"e!ted by su!h !om&utation* A"" &ayments to $and"ord re5uired by this &aragra&h sha"" be made and de"i#ered in the manner &res!ribed for &ayment of 1asi! 9ent in 2aragra&h @ of this $ease* )he &ro#isions of this &aragra&h sha"" sur#i#e the e &iration or sooner termination of this $ease* (b) )a es and "i!enses* 7uring the )erm, )enant sha"" be so"e"y res&onsib"e for &aying a"" ta es asso!iated with or assessed against )enant?s furniture, fi tures, e5ui&ment or other &ersona" &ro&erty "o!ated in or used in !onne!tion with the 2remises and of a"" &ri#i"ege and business "i!enses, fees, ta es and simi"ar !harges in !onne!tion with )enant?s business* )enant sha"" &ay as additiona" rent its &ro&ortionate &art of the ad #a"orem ta es and insuran!e &remiums on the .enter of whi!h the 2remises
are a &art* A rea" estate ta year !ommen!ing during any $ease Aear and the annua" &remium for insuran!e !o#erage be!oming effe!ti#e during any $ease Aear sha"" be deemed to !orres&ond to su!h $ease Aear* )he )enant?s &ro&ortionate &art sha"" be the &rodu!t of the aggregate of ad #a"orem ta es and insuran!e &remiums for su!h $ease Aear, mu"ti&"ied by a fra!tion, the numerator of whi!h is the number of s5uare feet of f"oor area in the .on#enien!e /tore and the denominator of whi!h is the tota" number of s5uare feet of f"oor area in the 1ui"ding* .ommen!ing on the .ommen!ement 7ate and thereafter on the first day of ea!h and e#ery month during the term of this $ease, )enant sha"" &ay to th $and"ord in ad#an!e, without further noti!e or bi""ing, one3twe"fth (1012 ) (&rorated for any &artia" month) of the )enant?s &ro&ortionate &art of the ad #a"orem ta es and insuran!e &remiums for su!h $ease Aear* Bnti" the a!tua" amount of )enant?s &ro&ortionate &art !an be determined for ea!h $ease Aear, su!h insta""ments sha"" be !a"!u"ated on the basis of the amount of the annua" ad #a"orem ta es and insuran!e &remium &aid immediate"y &re!eding su!h $ease Aear< &ro#ided, howe#er, that if the ad #a"orem ta es &aid immediate"y &re!eding su!h $ease Aear were not based u&on an assessment for the !om&"eted 1ui"ding and the other im&ro#ements on the 2ro&erty, su!h insta""ments sha"" be !a"!u"ated on the basis of $and"ord?s reasonab"e estimate of the )enant?s &ro&ortionate &art of the ad #a"orem ta es and insuran!e &remiums for su!h $ease Aear* %hen the a!tua" amount is determinab"e, $and"ord sha"" furnish )enant with the !om&utation therefor and )enant sha"" on the first day of the ne t su!!eeding month &ay to $and"ord any defi!ien!y between re5uired amounts and amounts &re#ious"y &aid and on su!h date and on the first day of ea!h month thereafter during su!h $ease Aear &ay to and on su!h date and on the first day of ea!h month thereafter during su!h $ease Aear &ay to $and"ord the re5uired amount as ref"e!ted by su!h !om&utation* A"" &ayments to $and"ord re5uired by this &aragra&h sha"" be made and de"i#ered in the manner &res!ribed for &ayment of renta" in 2aragra&h @ of this $ease* )he &ro#isions of this &aragra&h sha"" sur#i#e the e &iration or sooner termination of this $ease* (!) Bti"ities* A"" a&&"i!ations and !onne!tions for ne!essary uti"ity ser#i!es on the 2remises sha"" be made by the )enant and in the name of the )enant on"y* )enant agrees to &ay for a"" se&arate"y metered or bi""ed gas, e"e!tri!ity, water, te"e&hone, trash !ontainer and the "i-e uti"ity !harges for the 2remises or used by )enant in !onne!tion therewith* $and"ord sha"" ha#e no "iabi"ity to )enant for disru&tion of any uti"ity ser#i!e, and in no e#ent sha"" su!h disru&tion !onstitute !onstru!ti#e e#i!tion or entit"e )enant to abatement of rent or other !harges* 4f $and"ord &ays any uti"ity or other bi""s for )enant re"ating to the 2remises, )enant sha"" reimburse $and"ord u&on demand therefor, and if $and"ord &ays any su!h bi""s whi!h are not se&arate"y metered, )enant wi"" &ay to $and"ord its &ro&ortionate share of su!h bi"", su!h amount to be determined in $and"ord?s so"e dis!retion, u&on demand therefor* A"" &ayments to $and"ord re5uired by this &aragra&h sha"" be made and de"i#ered in the manner &res!ribed for &ayment of renta" in 2aragra&h @ of this $ease* )he &ro#isions of this &aragra&h sha"" sur#i#e the e &iration or sooner termination of this $ease* (d) A"" 9is- 4nsuran!e* $and"ord sha"" &ro!ure and maintain in fu"" for!e and effe!t an A"" 9is4nsuran!e 2o"i!y on the 2remises, a"" im&ro#ements !onstru!ted thereon and any additions or a"terations thereto or re&"a!ements thereof, together with f"ood and wind insuran!e as re5uired by "aw or $and"ord?s "ender* /aid &o"i!y is to !ontain a 9e&"a!ement .ost Endorsement, insuring against &eri"s therein s&e!ified, in an amount e5ua" to not "ess than one hundred &er!ent (100=) of the re&"a!ement !ost of a"" im&ro#ements on the 2remises, e !"usi#e of foundation and e !a#ation !osts, the &ro!eeds of whi!h sha"" be &ayab"e to $and"ord and any designated mortgagee in a!!ordan!e with their res&e!ti#e interests therein* )enant sha"" reimburse $and"ord for said insuran!e, whi!h sha"" be &aid to $and"ord with the 9ent, in e5ua" month"y insta""ments* A"" &ayments to $and"ord re5uired by this &aragra&h sha"" be made and de"i#ered in the manner &res!ribed for &ayment of renta" in 2aragra&h @ of this $ease* )he &ro#isions of this &aragra&h sha"" sur#i#e the e &iration or sooner termination of this $ease* (e) $and"ord?s 9enta" 4n!ome 4nsuran!e* $and"ord may at $and"ord?s o&tion &ro!ure and maintain in fu"" for!e and effe!t a $oss of 9enta" 4n!ome insuran!e &o"i!y on the 2remises e5ua" to the
9ent s&e!ified in 2aragra&h @* )enant sha"" &ay the e &ense of said insuran!e with the rent in e5ua" month"y insta""ments* A"" &ayments to $and"ord re5uired by this &aragra&h sha"" be made and de"i#ered in the manner &res!ribed for &ayment of renta" in 2aragra&h @ of this $ease* )he &ro#isions of this &aragra&h sha"" sur#i#e the e &iration or sooner termination of this $ease* 5. /se !, Premises. )enant sha"" use the 2remises for !on#enien!e store, the retai" sa"e of gaso"ine and other &etro"eum &rodu!ts* )enant sha"" not use the 2remises for any other &ur&ose un"ess $and"ord agrees in writing to su!h additiona" use* 2remises may not be used for any i""ega" &ur&ose, nor any manner so as to !reate any nuisan!e or tres&ass, or in any manner to #itiate the insuran!e or in!rease the rate of insuran!e on the 2remises* )enant sha"" not !ommit or a""ow any waste or nuisan!e u&on the "eased 2remises, and sha"" maintain the 2remises in a !"ean, neat, and order"y and attra!ti#e !ondition* Fai"ure by )enant to !om&"y with the terms of this &aragra&h sha"" !onstitute a defau"t under the terms of this $ease and $and"ord sha"" ha#e a"" rights and remedies a#ai"ab"e to it under this $ease or as otherwise &ermitted by "aw or in e5uity* )enant sha"" -ee& the 2remises free of a"" inse!ts, &ests and rodents and otherwise in a !"ean, safe and sanitary !ondition< !om&"y with and e e!ute a"" &resent and future ru"es, regu"ations and standards re!ommended by any nationa" or regiona" fire &rote!tion asso!iation (or any other body e er!ising simi"ar fun!tions), $and"ord?s insuran!e !arriers and organi6ations estab"ishing insuran!e rates !on!erning )enant?s use of the 2remises and )rade E5ui&ment (in!"uding )enant?s a"terations and additions, if any, thereto)< !om&"y with and obser#e a"" restri!ti#e !o#enants of re!ord whi!h affe!t or are a&&"i!ab"e to the 2ro&erty< &ro#ided, howe#er, the same do not &rohibit the use of the 2remises for the &ur&oses des!ribed abo#e in this &aragra&h* )enant may not, without first obtaining the written !onsent of $and"ord, ma-e any a"terations, additions, or im&ro#ements, in, to or about the 2remises* Any a"terations or other im&ro#ements made during the term of the $ease sha"" be!ome the &ro&erty of $and"ord at the e &iration of the term of the $ease, at $and"ord?s e"e!tion* )enant further agrees not to suffer, &ermit or !ommit any waste, nor to a""ow, suffer or &ermit any odors, #a&ors, steam, water, #ibrations, noises or undesirab"e effe!ts to emanate from the 2remises or any a&&aratus, e5ui&ment or insta""ation therein* B&on noti!e by $and"ord to )enant that any of the aforesaid is o!!urring, )enant agrees forthwith to &rom&t"y !ease and dis!ontinue the same and within ten (10) days thereafter to ma-e su!h !hanges in the 2remises and insta"" therein or remo#e therefrom su!h a&&aratus or e5ui&ment as may be re5uired by $and"ord for the &ur&ose of ob#iating any su!h !ondition, and if any su!h !ondition is not so remedied, then $and"ord may, at its o&tion, enter u&on the 2remises and !ure su!h !ondition in any manner $and"ord sha"" deem ne!essary and add the !ost and e &ense in!urred by $and"ord together with a"" damages, in!"uding reasonab"e attorney?s fees, sustained by $and"ord to the ne t insta""ment of rent due* 6. A44i#i!"$( /ses !, Premises. 8otwithstanding the foregoing, $and"ord sha"" a""ow )enant to insta"" A):s within the 2remises, and use the 2remises as a !he!- !ashing fa!i"ity, fast food fa!i"ities, and the sa"e of &re&ared food, in!"uding de"i foods and fried !hi!-en at its own e &ense subCe!t to any restri!tions of re!ord, and &ay a"" !osts to !onstru!t, insta"", maintain and o&erate same in!"uding but not "imited to !osts for additiona" !onduit and uti"ity !osts* )he insta""ation, !onstru!tion, maintenan!e, and o&eration of su!h im&ro#ements sha"" be in a!!ordan!e with a"" a&&"i!ab"e 6oning, &ermitting, go#ernmenta" ru"es, insuran!e re5uirements, en#ironmenta" re5uirements, and any and a"" other "aws, ru"es, regu"ations, statutes and ordinan!es of a go#ernmenta" agents, as may be a&&"i!ab"e or be!ome a&&"i!ab"e to the insta""ation, !onstru!tion, maintenan!e, and o&eration of the im&ro#ements* )enant sha"" be res&onsib"e for obtaining and &aying for any and a"" e &enses whatsoe#er to obtain !om&"ian!e and the fai"ure of )enant to obtain any su!h 6oning, &ermit, a&&ro#a", or !om&"ian!e hereunder wi"" not be an e#ent of defau"t or otherwise a"ter $and"ord?s right or )enant?s duties under the $ease* $and"ord?s so"e res&onsibi"ity with res&e!t to )enant?s a&&"i!ation or a&&ro#a" &ro!ess for any other fa!i"ities wi"" be to !oo&erate with )enant, without $and"ord in!urring any additiona" !ost or e &ense*
7. O&er$#i!" !, #-e Premises. )enant sha"" (1) -ee& the 2remises, bui"dings, e5ui&ment, fi tures, rest rooms, sidewa"-s, a&&roa!hes, and dri#eways in good !ondition, &ro&er"y "ighted (in!"uding the ob"igation to -ee& the 2remises ade5uate"y "ighted from dus- ti"" dawn during business hours), !"ean, safe, sanitary, and free of trash, rubbish, and other debris in!"uding &ressure washing the !ano&y area and &ar-ing area e#ery two wee-s< (2) -ee& a&&roa!hes, dri#eways, and ser#i!e areas un!"uttered and free of &ar-ed #ehi!"es, trai"ers, and other obstru!tions, in!"uding i!e, and snow, at a"" times< (@) not engage in or &ermit any im&ro&er a!t or !ondu!t on the 2remises detrimenta" to )enant, or $and"ord, or any member of the &ub"i!< (4) !om&"y with a"" "aws, ordinan!es, ru"es, or regu"ations of !onstituted &ub"i! authority a&&"i!ab"e to the use and o!!u&an!y of the 2remises, use of the e5ui&ment and the !ondu!t of the business< (5) -ee& the business ade5uate"y sto!-ed with the &etro"eum &rodu!ts and in#entory norma""y sto!-ed at a first3!"ass !on#enien!e store se""ing motor fue"< (D) -ee& the business o&en twenty four hours &er day, se#en days &er wee-, subCe!t to "imitations or restri!tions im&osed by a&&"i!ab"e "aws, ru"es regu"ations< (E) &rom&t"y a&&"y for and maintain "i!enses, ins&e!ts and &ermits re5uired by any a&&"i!ab"e go#ernmenta" agen!y for the o&eration of the store, in!"uding but not "imited to the sa"e of a"!oho"< and (F) !om&"y with a"" re5uests ne!essary to -ee& the then e isting brand in &"a!e (8G)E, $and"ord reser#es the right to !hange brands)* )enant understands that )enant is re5uired to !om&"y with !ertain a&&earan!es, !"ean"iness and !ustomer ser#i!e guide"ines of the e isting brand of motor fue" or other re&"a!ement brand* )enant sha"" !om&"y with these guide"ines and &ro#ide !ourteous ser#i!e to motor fue" !ustomers* Further )enant agrees to ta-e a"" a!tion reasonab"y ne!essary to maintain the a&&"i!ab"e &etro"eum brand at the "o!ation* 4n the e#ent )enant fai"s to !om&"y with its ob"igations under this &aragra&h, $and"ord may, in addition to any other rights and remedies a#ai"ab"e, ta-e su!h a!tion and0or e &end su!h monies as may be ne!essary to bring the 2remises into !om&"ian!e with su!h guide"ines, ob"igations and any re5uirements to maintain said brand in!"uding those regarding !"ean"iness* 4n the e#ent $and"ord e &ends money or resour!es in this regard, )enant sha"" &ay to $and"ord su!h money e &ended with the 9ent &ayment ne t due* $and"ord agrees to &ro#ide ten (10) days noti!e to )enant &rior to e &ending money hereunder* 8. A9$"4!"me"# !, Le $ s e 4 Premises. )enant agrees not to abandon or #a!ate the 2remises during the )erm, and agrees to use said 2remises on"y for &ur&oses herein "eased unti" the e &iration or termination hereof* 8one of the e5ui&ment sha"" be remo#ed from the 2remises* :. C$re $"4 M$i"#e"$" e !, Premises.
(a) $and"ord gi#es to )enant e !"usi#e !ontro" of 2remises and sha"" be under no ob"igation to ins&e!t said 2remises* )enant a!!e&ts the "eased 2remises in its &resent !ondition and as suited for the intended use by )enant* )enant sha"", throughout the )erm of this $ease, at )enant>s e &ense, maintain in good order and re&air the "eased 2remises and a"" other e5ui&ment, and a"" other im&ro#ements, fi tures and e5ui&ment "o!ated on the 2remises* )enant further agrees to !are for the grounds around the bui"ding, in!"uding the !are of shrubs, genera" "ands!a&ing* )enant agrees to return said 2remises and the E5ui&ment to $and"ord at the e &iration or &rior to termination of this $ease in as good !ondition and re&air as when first re!ei#ed, natura" wear and tear and a!ts of Hod e !e&ted* 4f )enant u&dates or re&"a!es any e5ui&ment or other fi tures "o!ated at the 2remises, su!h u&dates and re&"a!ements wi"" be!ome the &ro&erty of $and"ord at the e &iration of the term of this $ease, at $and"ord?s e"e!tion* 4t is a!-now"edged that the intent of this &aragra&h is for the $and"ord to ha#e no duty to re&air or maintain any &ortion of the 2remises, e !e&t as &ro#ided herein* 8otwithstanding the foregoing, $and"ord may e"e!t to maintain and re&air the &a#ed areas and maintain and !are for the grounds around the bui"ding, in!"uding the !are of shrubs, genera" "ands!a&ing, and $and"ord may !o""e!t additiona" funds during a $ease year in order to bui"d a reser#e for "arge &a#ing re&airs or re&a#ing* 4f $and"ord ma-es su!h e"e!tion, )enant sha"" be res&onsib"e for reimbursing $and"ord for the !osts and e &enses of su!h maintenan!e and re&air* 4f )enant fai"s to ma-e any re&airs or &erform any maintenan!e re5uired in this
/ub&aragra&h, $and"ord may ma-e su!h re&airs or &erform su!h maintenan!e and bi"" )enant therefor* )enant sha"" reimburse $and"ord u&on re!ei&t of su!h bi"", and )enant sha"" &ay to $and"ord an additiona" sum of ten &er!ent (10=) of any su!h sums due whi!h are not re!ei#ed by $and"ord on or before fifteen (15) days after date of su!h bi""* (b) )enant may not ma-e any !uts in the roof of the 2remises without first obtaining $and"ord>s &rior written !onsent* )enant may not damage or !ause the roof bond or warranty to be !an!e"ed or in#a"idated* 4f )enant !auses damage or in#a"idates the roof bond or warranty, )enant sha"" re&air any su!h damage at its so"e !ost and e &ense, and )enant sha"" indemnify, defend and ho"d $and"ord harm"ess for any su!h damage or roof bond or warranty in#a"idation* 4f $and"ord !onsents to a roof !ut, )enant sha"" uti"i6e $and"ord>s roofing !ontra!tor so that $and"ord>s roof bond or warranty wi"" not be in#a"idated* 4f no su!h roof bond e ists and $and"ord !onsents to a roof !ut, )enant sha"" indemnify $and"ord against a"" !osts and e &enses in!urred in !onne!tion with any roof "ea-s !aused, in the o&inion of a 5ua"ified roofing e &ert a!!e&tab"e to $and"ord and )enant, by su!h roof !ut* )he indemnifi!ation ob"igations in this 2aragra&h @(!) wi"" sur#i#e the termination of this $ease*
(!) )enant may not -ee& or ha#e on the 2remises any arti!"e or thing of a dangerous, f"ammab"e, or e &"osi#e !hara!ter that might unreasonab"y in!rease the danger of fire on the 2remises or that might be !onsidered ha6ardous by any res&onsib"e insuran!e !om&any*
1;. E"<ir!"me"#$(. )enant sha"" !om&"y with a"" en#ironmenta" "aws, ru"es and regu"ations &ertaining to the o&eration of the business on the 2remises in!"uding but not "imited to a"" of the re5uirements &ertaining to underground storage tan-s, in!"uding but not "imited to the ob"igations re"ating to ."ass A, 1 and . o&erators as set forth in the E2A guide"ines* $and"ord sha"" engage a !om&any on )enant?s beha"f, and at )enant?s e &ense, to &erform a"" en#ironmenta" testing, ins&e!tions, re!ord -ee&ing and other re5uired en#ironmenta" !om&"ian!e wor-* Further, without "imiting the foregoing, )enant agrees to the fo""owing+ (a) )enant is in#o"#ed in the sa"e of &etro"eum &rodu!ts u&on the 2remises* )enant understands and a!-now"edges that the "ea-age of &etro"eum &rodu!ts from underground tan-s and0or other &etro"eum dis&ensing e5ui&ment is a !on!ern for whi!h )enant a!!e&ts res&onsibi"ity as the o&erator of a retai" fa!i"ity* )enant must ta-e di"igent and !ontinua" !autions to dis!o#er and sto& any su!h "ea-age through ade5uate in#entory !ontro"* (b) )enant agrees to notify &rom&t"y $and"ord of any re"ease or une &"ained "oss of &rodu!ts* )enant sha"" !onfirm in writing to $and"ord any su!h ora" notifi!ation within twenty3four (24) hours* (!) )enant agrees to retain in#entory !ontro" !om&"ian!e re!ords for a"" underground tan-s for a minimum of three (@) years and to ma-e su!h re!ords a#ai"ab"e to $and"ord for ins&e!tion and !o&ying during norma" business hours* 4n no e#ent sha"" )enant destroy su!h in#entory !ontro" !om&"ian!e re!ords without ma-ing them a#ai"ab"e to $and"ord* (d) )enant agrees to ins&e!t the &etro"eum &rodu!t storage and hand"ing fa!i"ity, and surrounding areas at "east on!e a wee- for indi!ations of &ossib"e "ea-age* )his ins&e!tion shou"d in!"ude, but is not "imited to, !arefu" #isua" re#iew of the fo""owing areas+ (1) around and under &rodu!t dis&ensers< (2) inside remote &um& a!!ess bo es< (@) inside &rodu!t fu"" bo es< and (4) "ow areas, su!h as &um&s, hi""sides or !u"#erts* Any indi!ation of "ea-age (a!tua" &rodu!t or odors thereof) shou"d be re&orted &rom&t"y as stated abo#e*
(e) )enant agrees to indemnify, defend, and ho"d $and"ord harm"ess from a"" !"ean3u& !osts, &ersona" inCury, death or &ro&erty damage !"aims, and fines or &ena"ties whi!h arise out of or are re"ated to the "ea-age of &etro"eum &rodu!ts during the )erm of the $ease as the resu"t of any a!ts or omissions of )enant, its agents, em&"oyees, in#itees, or affi"iates or for fai"ure of )enant to &erform its ob"igations under this $ease* Further, )enant agrees to &arti!i&ate in the )rust Fund maintained by the /tate of $ouisiana and ta-e a"" a!tions ne!essary to maintain e"igibi"ity thereunder* )enant sha"" be "iab"e for the dedu!tib"e under su!h trust fund shou"d a re"ease o!!ur* )he ob"igations set forth in the 2aragra&h sha"" sur#i#e the termination or e &iration of this $ease* 11. Des#r+ #i!" !, !r D$m$%e #! Premises. 4n the e#ent of a &artia" destru!tion of the 2remises during the term hereof, from any !ause, $and"ord sha"" forthwith re&air the same, &ro#ided that su!h re&airs !an be made within si ty (D0) days under e isting go#ernmenta" "aws and regu"ations, but su!h &artia" destru!tion sha"" not terminate this $ease, e !e&t that )enant sha"" be entit"ed to a &ro&ortionate redu!tion of rent whi"e su!h re&airs are being made, based u&on the e tent to whi!h the ma-ing of su!h re&airs sha"" interfere with the business of )enant on the 2remises* 4f su!h re&airs !annot be made within said si ty (D0) days, or in the e#ent that the bui"ding in whi!h the 2remises is situated is destroyed to an e tent of not "ess than one3third of the re&"a!ement !osts thereof (in!"uding tota" destru!tion), $and"ord, at his o&tion, may ma-e the same within a reasonab"e time, this $ease !ontinuing in effe!t with the rent &ro&ortionate"y abated as aforesaid, and in the e#ent that $and"ord e"e!ts not to ma-e su!h re&airs, this $ease may be terminated at the o&tion of either &arty* 8otwithstanding the foregoing, if the 2remises or any &art thereof is damaged or destroyed by fire or any other !asua"ty resu"ting from any a!t or neg"igen!e of )enant or any of )enant?s agents, em&"oyees, or in#itees, rent sha"" not be diminished or abated whi"e su!h damages are under re&air, and )enant sha"" be res&onsib"e for the !osts of re&air not !o#ered by insuran!e* 11. I"4em"i,i $#i!" !, L$"4(!r4 A%$i"s# L!ss !r D$m$%e #! Premises . For and during the )erm, )enant sha"" &rote!t, indemnify, defend, and sa#e harm"ess $and"ord from and against a"" !"aims, demands, "iabi"ity, "osses, or !osts, whether from inCury to &ersons or "oss of "ife or damage to &ro&erty o!!urring on or within the 2remises and arising in any manner, dire!t"y or indire!t"y, out of the use and o!!u&an!y of the 2remises by )enant or fai"ure of )enant to &erform the ob"igations of )enant hereunder* )enant sha"", at )enant>s e &ense, &ro#ide and -ee& in for!e for the benefit of $and"ord !om&rehensi#e genera" "iabi"ity insuran!e with a !om&any "i!ensed in the /tate of $ouisiana with an A: 1est 9ating of no "ess than 1I, !o#ering the 2remises and the business to be o&erated thereon, in whi!h insuran!e &o"i!y or &o"i!ies $and"ord, as we"" as )enant, sha"" be named as an insured* )he said &o"i!y or &o"i!ies of insuran!e sha"" &ro#ide for "imits of "iabi"ity for bodi"y inCury of not "ess than ;2,000,000*00 sing"e "imit !o#erage for ea!h a!!ident or o!!urren!es and not "ess than ;500,000*00 for &ro&erty damage* )enant sha"" furnish to $and"ord e#iden!e of su!h insuran!e within fifteen (15) days of the date hereof and at su!h other times as $and"ord may re5uire* )enant sha"" defend, indemnify, and sa#e harm"ess $and"ord from and against a"" !"aims, demands, "iabi"ities, "osses, or !osts to whi!h $and"ord may be subCe!ted for or by reason of any &erson, firm, or !or&oration see-ing to ho"d or ho"ding $and"ord "iab"e or in any way res&onsib"e for the debts or ob"igations in!urred in any manner in !onne!tion with the !ondu!t and o&eration of the business !ondu!ted on the 2remises* )he ob"igations set forth in the 2aragra&h sha"" sur#i#e the termination or e &iration of this $ease* 12. I"s+r$" e !, #-e Premises. )enant sha"", at )enant>s so"e !ost and e &ense, -ee& )enant>s &ro&erty, in#entory and e5ui&ment insured in an amount e5ua" to not "ess than one hundred &er!ent (100=) of their fu"" insurab"e #a"ue* As "ong as this $ease is in effe!t the &ro!eeds from any su!h &o"i!y sha"" be used for the re&air or re&"a!ement of said fi tures, e5ui&ment and mer!handise*
13. G!<er"me"#$( Or4ers. )enant agrees that, at )enant>s own e &ense, )enant wi"" &rom&t"y !om&"y with a"" re5uirements of any "ega""y !onstituted &ub"i! authority made ne!essary by reason of )enant>s o!!u&an!y of said 2remises* 15. C!"4em"$#i!". 4f the who"e of the 2remises, or su!h &ortion thereof as wi"" ma-e the 2remises unusab"e for the &ur&oses herein "eased, sha"" be !ondemned by any "ega""y !onstituted authority for any &ub"i! use or &ur&ose, then in either of said e#ents, the )erm hereby granted sha"" !ease from the date when &ossession thereof is ta-en by &ub"i! authorities, and renta" sha"" be !om&uted and &aid as of said date* /u!h termination howe#er, sha"" be without &reCudi!e to the rights of either $and"ord or )enant to re!o#er !om&ensation and damage !aused by !ondemnation from the !ondemner* 4t is further understood and agreed that )enant wai#es any and a"" rights in any award made by any !ondemnation authority as to the 2remises notwithstanding the termination of the $ease as herein &ro#ided* 16. Assi%"me"# $"4 S+9(e##i"%. $and"ord may assign its interest in this $ease or any interest hereunder at any time, and $and"ord sha"" &ro#ide )enant written noti!e of any su!h assignment* )enant may not assign or sub"et this $ease or any interest hereunder, or sub"et 2remises or any &art thereof, or &ermit the use of the 2remises by any &arty other than )enant without the &rior written !onsent of $and"ord, whi!h sha"" not be unreasonab"y withhe"d* .onsent to any assignment or sub"ease sha"" not wai#e any of $and"ord>s rights under this &aragra&h or ha#e the effe!t of re"easing )enant from any ob"igation under the $ease, and a"" "ater assignments or sub"eases sha"" be a""owab"e on"y u&on the &ro&er written !onsent of $and"ord* 4n addition, $and"ord sha"" be &aid an administration fee of ;500*00 for ea!h assignment of this $ease* As used in this $ease, the term assignment in!"udes any sa"e of 50 = or more of the #oting sto!-, member or &artnershi& interests of )enant, or any merger, !onso"idation or reorgani6ation of )enant (or any series of any su!h transa!tions), regard"ess of whether )enant is the sur#i#ing entity in su!h merger, !onso"idation or reorgani6ation* 17. De,$+(#. 4t is mutua""y agreed that in the e#ent )enant sha"" fai" to &ay 9ent, in!"uding additiona" rent, herein reser#ed, within fi#e (5) days of the date due, or if )enant sha"" be in defau"t in &erforming any of the terms or &ro#isions of this $ease other than the &ayment of 9ent, and )enant fai"s to !ure su!h e#ent(s) of defau"t within fifteen (15) days after written noti!e thereof< G9 4F ),E 1B/48E// G2E9A)E7 B2G8 ),E 29G2E9)A 4/ 7E19A87E7 F9G: ),E A22$4.A1$E 2E)9G$EB: 19A87 A/ ),E 9E/B$) GF ),E A.)/ G9 G:4//4G8/ GF )E8A8)< or if )enant fai"s three (@) mystery sho&s by the &etro"eum brand< or if a &etition for #o"untary or in#o"untary ban-ru&t!y or reorgani6ation under the 1an-ru&t!y A!t is fi"ed as to )enant< or if a re!ei#er is a&&ointed for )enant>s &ro&erty< or if, whether #o"untari"y or in#o"untari"y, )enant ta-es ad#antage of any debtor re"ief &ro!eedings under any &resent or future "aw, whereby the 9ent or any &art thereof is, or is &ro&osed to be, redu!ed or &ayment thereof deferred< or if )enant ma-es an assignment for the benefit of !reditors< or if )enant>s effe!ts shou"d be "e#ied u&on or atta!hed under &ro!ess against )enant< or if )enant #io"ates or is in defau"t of any other agreements between $and"ord and )enant< or if )enant brea!hes or is in defau"t of the /u&&"y Agreement (as defined herein) for the 2remises and fai"s to !ure after any re5uired noti!e thereunder, and fai"s to !ure after any re5uired noti!e thereunder, $and"ord at its o&tion may (i) terminate this $ease by written noti!e to )enant whereu&on this $ease sha"" terminate immediate"y and &ossession of the 2remises sha"" immediate"y be returned to $and"ord< (ii) not terminate this $ease and enter the 2remises and ta-e &ossession thereof and re3"et the 2remises or any &ortion thereof on su!h terms as $and"ord deems a&&ro&riate* Any rent from any re3"etting sha"" be a&&"ied to any indebtedness other than 9ent owing to $and"ord, se!ond to $and"ord>s attorneys fees and bro-erage fees and other e &enses of e er!ising its rights, and third, to the 9ent due* )enant agrees to &ay any defi!ien!y within ten (10) days of demand by $and"ord therefor< (iii) de!"are immediate"y due and &ayab"e a"" rent and other !harges due for the entire une &ired term of this $ease, in!"uding any additiona" renewa" &eriods for
whi!h the )enant sha"" ha#e be!ome ob"igated* )he $and"ord may &ro!eed to effe!t !o""e!tion of su!h a!!e"erated 9ent together with any other rent and other ob"igations that may be or be!ome due by the )enant hereunder< (i#) de!"are immediate"y due and &ayab"e the rent and other !harges due under this $ease for any &art of the une &ired term of this $ease and thereafter one or more times the $and"ord may de!"are immediate"y due and &ayab"e su!h rent for any additiona" &art or &arts of the une &ired term of this $ease* )he $and"ord may &ro!eed to effe!t !o""e!tion of su!h a!!e"erated rent together with any other rent and other ob"igations that may be or be!ome due by the )enant hereunder< (#) demand s&e!ifi! &erforman!e or a mandatory inCun!tion re5uiring the )enant to &erform his ob"igations, or both< (#i) a&&"y any amounts he"d by $and"ord or any entity affi"iated with $and"ord to any amounts due to /u&&"ier (as hereinafter defined)< (#ii) a&&"y any amounts he"d by /u&&"ier or any entity affi"iated with /u&&"ier to any amounts due to $and"ord< or (#iii) &ursue se&arate"y or !on!urrent"y, any and a"" other remedies a""owed by "aw or in e5uity* )enant hereby wai#es its right to tender rent to $and"ord* $and"ord or its attorney may gi#e any noti!e &ro#ided in this &aragra&h* B&on $ease termination by $and"ord, )enant wi"" at on!e surrender &ossession of the 2remises to $and"ord and remo#e a"" of )enant>s effe!ts therefrom< and $and"ord may forthwith re3enter the 2remises and re&ossess itse"f thereof, and remo#e a"" &ersons and effe!ts therefrom, using su!h for!e as may be ne!essary without being gui"ty of tres&ass, for!ib"e entry, detainer, or other tort* 4f )enant refuses to surrender &ossession immediate"y, $and"ord may institute a&&ro&riate "ega" &ro!eedings and )enant agrees that $and"ord may obtain inCun!ti#e re"ief for remo#a" of )enant, shou"d )enant>s "easeho"d be!ome subCe!t to !an!e""ation hereunder* 4t is e &ress"y agreed that no termination of this $ease as the resu"t of )enant>s defau"t or brea!h sha"" ha#e the effe!t of re"easing )enant from his ob"igation to &ay the fu"" 9ent due for the entire &eriod of the then e isting )erm (in!"uding any renewa" thereof as &ro#ided in this $ease)* 4n the e#ent it be!omes ne!essary for $and"ord to e#i!t )enant or to !an!e" the $ease, )enant hereby wai#es the fi#e (5) day noti!e to #a!ate the "eased &remises &ro#ided by /outh .aro"ina .ode of .i#i" 2ro!edure Arti!"e , and !onsents to the immediate institution of e#i!tion &ro!eedings by $and"ord in a!!ordan!e with .ha&ter of )it"e of the /outh .aro"ina .ode of .i#i" 2ro!edure* 18. E"#r) ,!r C$r4i"%, e# . $and"ord may !ard 2remises (For 9ent( or (For /a"e( si ty (D0) days before termination of this $ease* $and"ord may enter the 2remises at reasonab"e hours to e hibit same to &ros&e!ti#e &ur!hasers or tenants and to ma-e re&airs re5uired of $and"ord under the terms hereof, or to ma-e re&airs to $and"ord?s adCoining &ro&erty, if any* 1:. M!r#%$%ee= s Ri%-#s. )enant>s rights sha"" be subCe!t to any bona fide mortgage or deed to se!ure debt, whi!h is now, or may hereafter, be &"a!ed u&on the 2remises by $and"ord* )enant agrees that it wi"" not &"edge or otherwise en!umber the in#entory or other &ro&erty owned by )enant at the 2remises* 1;. N! Es#$#e i" L$"4. )his Agreement sha"" !reate the re"ationshi& of $and"ord and )enant between the &arties hereto< no estate sha"" &ass out of $and"ord* )enant>s interest in the 2remises is &ossessory on"y, and &ersona" to )enant, and is not subCe!t to "e#y or sa"e, nor assignab"e by )enant e !e&t by $and"ord>s !onsent* 11. H!(4i"% O<er. 4f )enant remains in &ossession of the 2remises after e &iration of the )erm hereof, with or without $and"ord>s a!5uies!en!e and without any e &ress agreement of the &arties,
)enant sha"" be a )enant at wi"" at 150= the renta" rate in effe!t at the end of the $ease* )here sha"" be no renewa" of this $ease by o&eration of "aw* 11. A##!r"e)= s >ees $"4 H!mes#e$4. 4f any 9ent owing under this $ease is !o""e!ted by or through an attorney at "aw, )enant agrees to &ay reasonab"e attorney>s fees* 4f suit shou"d be brought for re!o#ery of the 2remises, or be!ause of any a!t whi!h may arise out of the &ossession of the 2remises, by either &arty, the &re#ai"ing &arty wi"" be entit"ed to a"" !osts in!urred in !onne!tion with su!h a!tion, in!"uding reasonab"e attorney?s fees* )enant wai#es a"" homestead rights and e em&tions, whi!h it may ha#e under any "aw against any ob"igations owing under this $ease* )enant hereby assigns to $and"ord its homestead and e em&tion* 12. Se +ri#) De&!si#. As se!urity for )enant>s &rom&t and fu"" &ayment of the 9ent, and the faithfu" and time"y &erforman!e of a"" &ro#isions of this $ease, to be &erformed on )enant>s &art, the )enant has &"edged and de&osited with $and"ord ;80A* 4t is a!-now"edged and agreed that $and"ord is not estab"ishing a se&arate a!!ount for su!h se!urity de&osit and su!h de&osit may be !omming"ed with other monies of $and"ord* Further, )enant sha"" not be entit"ed to interest, if any, on the se!urity de&osit* 4n the e#ent any defau"t sha"" be made in the &erforman!e of any of the !o#enants on the &art of )enant with res&e!t to any item or matter, $and"ord sha"" ha#e the right, but sha"" not be ob"igated, to a&&"y said se!urity de&osit to the !uring of su!h defau"t* Any su!h a&&"i!ation by $and"ord sha"" not be a defense to any a!tion by $and"ord arising out of said defau"t and sha"" be in addition to any other remedies a#ai"ab"e to $and"ord as may be &ro#ided by "aw or this Agreement< and, on demand, )enant sha"" restore said se!urity de&osit to the fu"" amount set forth* Gn the e &iration, or ear"ier termination, of this $ease, or any e tension or renewa" thereof, &ro#ided )enant has &aid a"" of the 9ent herein !a""ed for and fu""y &erformed a"" of the other &ro#isions of this $ease to be &erformed on its &art, the $and"ord wi"" return to the )enant any then remaining ba"an!e of said se!urity de&osit* 13. Ser<i e !, N!#i e. Any noti!e whi!h either &arty may or is re5uired to gi#e, is re5uired to be in writing and sha"" be deemed to ha#e been du"y gi#en by either (a) hand de"i#ery, (b) u&on de&osit in the mai" if sent by Bnited /tates first3!"ass !ertified mai", &ostage &re&aid, return re!ei&t re5uested, or (!) the ne t business day after being de&osited (in time for de"i#ery by su!h ser#i!e on su!h business day) with Federa" E &ress or another nationa" !ourier ser#i!e, for de"i#ery to the &arties at the 2remises for )enant, or for $and"ord at the address s&e!ified abo#e, or at su!h other &"a!es as may be designated by the &arties from time to time in writing* 15. N! W$i<er !, Ri%-#s. A"" rights, &owers, and &ri#i"eges !onferred hereunder u&on &arties hereto sha"" be !umu"ati#e, in!"uding those rights gi#en by "aw* 8o fai"ure of $and"ord to e er!ise any &ower gi#en $and"ord hereunder, or to insist u&on stri!t !om&"ian!e by )enant with its ob"igation hereunder, and no !ustom or &ra!ti!e of the &arties at #arian!e with the terms hereof sha"" !onstitute a wai#er of $and"ord>s right to demand e a!t !om&"ian!e with the terms hereof* 16. Le%$(i#) !, A%reeme"#. 4n the e#ent any &ortion or &ortions of this $ease are de!"ared un!onstitutiona", i""ega", #oid, or of no for!e and effe!t, the ba"an!e of this $ease sha"" remain in fu"" for!e and effe!t and enfor!eab"e as a binding !ontra!t* 17. Time is !, Esse" e. )ime is of the essen!e of this agreement*
18. Terms I" (+si<e. )his $ease !ontains the entire agreement between the &arties hereto and no re&resentations, indu!ements, &romises, or agreements, ora" or otherwise, between the &arties, not embodied herein, are of any for!e or effe!t* ($and"ord( as used in this $ease in!"udes $and"ord, its assigns, and su!!essors* ()enant( in!"udes )enant, his heirs, and re&resentati#es, and if this $ease sha"" be #a"id"y assigned or sub"et, sha"" in!"ude a"so )enant>s assignees or sub3"essees, as to su!h assignment or sub"ease* ($and"ord( and ()enant( in!"ude ma"e and fema"e, singu"ar and &"ura", and sha"" a"so in!"ude any !or&oration, &artnershi&, or indi#idua" as may fit the &arti!u"ar &arties* 1:. S&e i$( S#i&+($#i!"s. 4nsofar as the fo""owing sti&u"ations !onf"i!t with any of the foregoing &ro#isions, the fo""owing sha"" !ontro"+ (a) )enant>s rights hereunder are e &ress"y !onditioned u&on )enant entering into a 7ea"er /u&&"y Agreement (the /u&&"y Agreement) with a su&&"ier designated by $and"ord (the /u&&"ier) for the e !"usi#e su&&"y of &etro"eum &rodu!ts to the 2remises for the )erm (in!"uding any renewa" thereof as &ro#ided in this $ease)* Any #io"ation or termination of the /u&&"y Agreement sha"" a"so be an e#ent of defau"t hereunder* (b) $and"ord (and its assigns) retains the e !"usi#e right for the entire )erm (in!"uding any renewa" thereof as &ro#ided in this $ease) to insta"", o&erate, and maintain &ay&hones u&on the 2remises* )enant a!-now"edges this e !"usi#e right and agrees that it wi"" not a""ow any simi"ar or !om&eting &rodu!t or ser#i!e to be insta""ed or &"a!ed u&on the 2remises* (!) $and"ord reser#es the right to insta"" bi""boards, !e"" towers and ma-e additions or de"etions to the im&ro#ements on the 2ro&erty outside of the 2remises* 2;. L$"4(!r4 Re&rese"#$#i!"s $"4 W$rr$"#ies. $and"ord shou"d re&resent warrant to the )enant, as fo""ows+ (a) $and"ord is a "imited "iabi"ity !om&any du"y organi6ed, #a"id"y e isting and in good standing under the "aws of the /tate of Heorgia, and authori6ed to !ondu!t business within the /tate of $ouisiana, and has fu"" &ower and authority to own and0or "ease the 2remises* (b) )his $ease and the other agreements !ontem&"ated hereby to be e e!uted by $and"ord ha#e been du"y e e!uted and de"i#ered by $and"ord or wi"" be du"y e e!uted and de"i#ered by $and"ord, and !onstitute or, when e e!uted, wi"" !onstitute a #a"id and binding ob"igation of $and"ord enfor!eab"e in a!!ordan!e with their res&e!ti#e terms, subCe!t to the effe!t of a&&"i!ab"e ban-ru&t!y, inso"#en!y, reorgani6ation, moratorium or simi"ar "aws affe!ting the right of !reditors or by genera" e5uitab"e &rin!i&"es* 8either the e e!ution and de"i#ery of this $ease by $and"ord nor the !onsummation by $and"ord of the transa!tions !ontem&"ated hereby does or wou"d after the gi#ing of noti!e or the "a&se of time or both, (i) !onf"i!t with, resu"t in a brea!h of, !onstitute a defau"t under, or #io"ate the Arti!"es of 4n!or&oration or the 1y"aws of $and"ord, (ii) !onf"i!t with, resu"t in a brea!h of, !onstitute a defau"t under, or #io"ate any "ega" ru"e, e !e&t for !onf"i!ts, brea!hes, defau"ts or #io"ations whi!h indi#idua""y or in the aggregate wou"d not ha#e a materia" ad#erse effe!t on $and"ord< (iii) !onf"i!t with, resu"t in a brea!h of, !onstitute a defau"t under, resu"t in the a!!e"eration of, !reate in any &arty the right to a!!e"erate, terminate, amend, modify, !an!e" or refuse to &erform under, or re5uire any noti!e under any agreement, !ontra!t, !ommitment, "i!ense, "ease, instrument or other arrangement, in!"uding any e &ress or im&"ied warranty, to whi!h $and"ord is a &arty or by whi!h any of them is bound and to whi!h any of the &ur!hased assets is subCe!t< or (i#) resu"t in the !reation of, or gi#e any &arty the right to !reate, any $ien or other rights or ad#erse interests u&on the &ur!hased assets*
(!) $and"ord re&resents and warrants that, to the best of its information, -now"edge and be"ief, the 2remises ha#e been !onstru!ted and !om&"eted in !om&"ian!e with a"" a&&"i!ab"e federa", state and muni!i&a" "aws, ordinan!es and regu"ations, and is in !om&"ian!e and !onformity with a"" a&&"i!ab"e bui"ding and fire !odes* 21. A44i#i!"$( Pr!<isi!"s.
@1*1* %ithout "imiting the other terms and !onditions of this $ease, )enant s&e!ifi!a""y a!-now"edges and further agrees that+ (a) there are inherent ris-s in the o&eration of a business at the 2remises and )enant is wi""ing and ab"e to bear su!h ris-s, in!"uding, without "imitations the "oss of any in#estment in the 2remises or su!h business u&on termination of this $ease< (b) u&on termination of this $ease for any reason, $and"ord sha"" ha#e the right to use the 2remises as it deems a&&ro&riate, in!"uding, but not "imited to, se""ing the 2remises, o&erating a gas station or !on#enien!e store u&on the 2remises, !on#erting the 2remises to any other use $and"ord deems a&&ro&riate or "easing the 2remises to a new "essee< (!) $and"ord has no ob"igation to "ease the 2remises to any new "essee, whether or not &ros&e!ti#e "essee is wi""ing to &ur!hase )enant>s in#entory, trade fi tures, or e5ui&ment< (d) any im&ro#ements, fi tures or e5ui&ment whi!h are not or !annot be remo#ed in a!!ordan!e with the &ro#isions of the $ease sha"" be!ome the so"e and entire &ro&erty of $and"ord u&on termination of this $ease< (e) $and"ord has no ob"igation to reimburse )enant for any "osses whi!h )enant might suffer in the o&eration of )enant>s business at the 2remises or due to the termination of this $ease< and (f) $and"ord has no ob"igation to &ur!hase any of )enant>s in#entory, e5ui&ment or trade fi tures, or to reimburse )enant for any sums in#ested by )enant to im&ro#e the 2remises or the business o&erated by )enant on the 2remises* @1*2* B/A 2atriot A!t* )enant re&resents to $and"ord that, (i) neither )enant nor any &erson or entity that dire!t"y owns a 10= or greater e5uity interest in it nor any of its offi!ers, dire!tors or managing members is a &erson or entity (ea!h, a 2rohibited 2erson) with whom B*/* &ersons or entities are restri!ted from doing business under regu"ations of the Gffi!e of Foreign Asset .ontro" (GFA.) of the 7e&artment of the )reasury (in!"uding those named on GFA.?s /&e!ia""y 7esignated and 1"o!-ed 2ersons $ist) or under E e!uti#e Grder 1@224 (the E e!uti#e Grder) signed on /e&tember 24, 2001, and entit"ed 1"o!-ing 2ro&erty and 2rohibiting )ransa!tions with 2ersons %ho .ommit, )hreaten to .ommit, or /u&&ort )errorism), or other go#ernmenta" a!tion, (ii) that )enant?s a!ti#ities do not #io"ate the 4nternationa" :oney $aundering Abatement and Finan!ia" Anti3)errorism A!t of 2001 or the regu"ations or orders &romu"gated thereunder (as amended from time to time, the :oney $aundering A!t), and (iii) that throughout the term of this $ease, )enant sha"" !om&"y with the E e!uti#e Grder and with the :oney $aundering A!t* 21. G!<er"i"% L$.? 0e"+e* )his $ease is de"i#ered in the /tate of /outh .aro"ina and sha"" be !onstrued a!!ording to the "aws of the /tate of /outh .aro"ina* )his $ease sha"" inure to the benefit of and be enfor!eab"e by $and"ord and its su!!essors and assigns, as ho"der and owner of the $ease, and sha"" be enfor!eab"e against and binding u&on )enant and )enant?s heirs, re&resentati#es, su!!essors and assigns* Jenue on any suit, a!tion or &ro!eeding to enfor!e this $ease wi"" be &ro&er on"y in the a&&ro&riate state !ourt of /outh .aro"ina sitting in Hreen#i""e .ounty, /outh .aro"ina* Ea!h &arty hereby+ (a) irre#o!ab"y submits to the &ersona" Curisdi!tion of the a&&ro&riate state !ourt in Hreen#i""e .ounty, /outh .aro"ina, as we"" as the Curisdi!tion of a"" !ourts to whi!h an a&&ea" may be ta-en from su!h !ourts, in any suit, a!tion or &ro!eeding arising out of or re"ating to this $ease or any fa!ts and !ir!umstan!es "eading to its e e!ution or &erforman!e< (b) agrees that a"" !"aims in res&e!t of su!h suit, a!tion or &ro!eeding must be brought, heard and determined e !"usi#e"y in su!h !ourts< (!) agrees that it wi"" not attem&t to deny or defeat su!h &ersona" Curisdi!tion by motion or other re5uest for "ea#e from su!h !ourts< (d) agrees not to bring any suit, a!tion or
&ro!eeding arising out of or re"ating to this $ease in any other !ourt< (e) wai#es any obCe!tion that #enue is im&ro&er< and (f) wai#es any defense of in!on#enient forum to the maintenan!e of any suit, a!tion or &ro!eeding so brought* 8othing sha"" &re#ent $and"ord from bringing a dis&ossessory or e#i!tion &ro!eeding in the a&&ro&riate !ourt in the state and !ounty in whi!h the 2remises is "o!ated* 4nitia"+ for )enant for $and"ord
22. WAI0ER O> WARRANTIES. )E8A8) A..E2)/ ),E 29E:4/E/ 48 4)/ 29E/E8) .G874)4G8* )E8A8) FB9),E9 EK29E//$A %A4JE/ A$$ %A99A8)4E/ GF /GB), .A9G$48A $A%, 48.$B748H %4),GB) $4:4)A)4G8, ),E %A99A8)4E/ GF .4J4$ .G7E A9)4.$E/ , ),A) ),E 29E:4/E/ A9E /B4)A1$E FG9 ),E 2B92G/E FG9 %,4., ),EA %E9E $EA/E7 A87 ),A) ),E 29E:4/E/ 4/ F9EE GF J4.E/ A87 7EFE.)/ ),A) 29EJE8) ),E49 B/E FG9 ),A) 2B92G/E* ),4/ %A4JE9 A$/G EK)E87/ )G J4.E/ G9 7EFE.)/ 48 ),E 29E:4/E/ ),A) A94/E AF)E9 ),E 7E$4JE9A GF ),E 29E:4/E/ )G )E8A8)* )E8A8) A.L8G%$E7HE/ ),A) ),4/ %A4JE9 GF %A99A8)4E/ ,A/ 1EE8 .A$$E7 )G 4)/ A))E8)4G8, ),A) ),4/ %A4JE9 GF %A99A8)4E/ 4/ E//E8)4A$ )G ),4/ $EA/E, A87 ),A) ),E $A87$G97 %GB$7 8G) ,AJE E8)E9E7 48)G ),4/ $EA/E %4),GB) ),4/ %A4JE9* 23. Cr!ss@De,$+(#. A defau"t by )enant under this $ease wi"" !onstitute a defau"t under a"" other agreements between )enant (or any entity !ontro""ed by or under !ommon !ontro" with any &rin!i&a" of )enant) and $and"ord (or any entity !ontro""ed by or under !ommon !ontro" with any &rin!i&a" of $and"ord)* A defau"t by )enant (or any entity !ontro""ed by or under !ommon !ontro" with any &rin!i&a" of )enant) under any agreement between su!h &arty and $and"ord (or any entity !ontro""ed by or under !ommon !ontro" with any &rin!i&a" of $and"ord) sha"" be a defau"t under this Agreement* 25. Re !r4i"%. )he &arties agree that neither this $ease nor any :emorandum of $ease wi"" be re!orded*
%4)8E// our hands and sea"s as of the date first written abo#e*
LANDLORD: 1y+
%itness
4ts+
TENANT:
EXHIBIT A
LANDLORD ENTITIES
EXHIBIT B
SITE PLANS CLEGAL DESCRIPTIONS