Colorado Commercial Lease

COLORADO COMMERCIAL LEASE

This lease agreement is entered into on this the day of , 20 , by and between:

, (hereinafter called “LESSOR”), whether one or more,

and

, (hereinafter called “LESSEE”), whether one or more.

For valuable consideration, the receipt and sufficiency of which is hereby acknowledged, LESSOR and LESSEE do hereby covenant, contract and agree as follows:

1. PREMISES AND TERM:

LESSOR, hereby leases to LESSEE for the term commencing on the and ending on the (the “TERM”) the following described premises in its present condition, located in County, Colorado:

LESSEE also has a right for the benefit of LESSEE, its employees, agents and invitees for access to and from the Leased Premises through the building and over property of LESSOR adjoining the Leased Premises, and to use those parts of the building designated by LESSOR for use by LESSEE, including but not limited to toilet rooms, elevators and unrestricted parking areas, if any.

2. RENEWAL:

LESSEE and LESSOR may agree to extend or renew the lease, with any agreed modifications, in a separate, signed document.

3. RENT:

The LESSEE covenants to pay to LESSOR as Rent the sum of Dollars ($ ) per month, in advance without demand on or before the first day of each month at the office of the LESSOR.

The Rent for the month of , which is the first month of this lease shall be paid in the amount of Dollars ($ ), which amount is the prorated rent based upon the date this lease commences.

4. LATE CHARGES:

LESSEE shall pay a late charge in the amount of percent ( %) of the outstanding delinquent balance for any payment of the rent not made within days after the due date to cover the extra expense involved in handling late payments, but not more than dollars for any one month.

5. UTILITIES:

LESSEE shall pay all charges for utilities for the PREMISES except for the following, which shall be paid by LESSOR:

6. CONDITION OF PREMISES; USE OF PREMISES:

LESSEE acknowledges that LESSEE has examined and knows the condition of the Leased Premises, and has received the same in good order and repair, and agrees:

(a) To use these Leased Premises only for .

(b) To surrender the Leased Premises to LESSOR at the end of the Term or any renewal without the necessity of any notice from either LESSOR or LESSEE to terminate the same, and LESSEE hereby expressly waives all right to any notice which may be required under any laws now or hereafter enacted and in force.

(c) To surrender possession of these Leased Premises at the expiration of this lease without further notice to quit, in as good condition as reasonable use will permit.

(d) To keep the Premises in good condition and repair at LESSEE’s own expense, except repairs which are the duty of LESSOR.

(e) To perform, fully obey and comply with all ordinances, rules, regulations and laws of all public authorities, boards and officers relating to the use of the Premises.

(f) Not to make any occupancy of the Leased Premises contrary to law or contrary to any directions, rules, regulations, regulatory bodies, or officials having jurisdiction or which shall be injurious to any person or property.

(g) Not to permit any waste or nuisance.

(h) Not to use the Leased Premises for living quarters or residence.

LESSEE shall pay (a) for any expense, damage or repair occasioned by the stopping of waste pipes or overflow from bathtubs, closets, washbasins, basins or sinks, and (b) for any damage to window panes, window shades, curtain rods, wallpaper, furnishings, or any other damage to the interior of the Leased Premises.

Any signs placed upon or about such Leased Premises shall, upon the end of the Term of the lease or upon the earlier termination, be removed by LESSEE, and LESSEE shall repair any damage to the Leased Premises which shall be occasioned by reason of such removal.

At all times, LESSEE shall keep the sidewalks, if any, in front of or adjoining the Leased Premises clean and in a sightly and sanitary condition.

All repairs, except those specific repairs set forth below which are the responsibility of the LESSOR, shall be made by the LESSEE at its own expense.

The LESSOR shall be responsible for making only the following repairs [check those that apply]:

sprinkler system

heating, ventilating or air-conditioning system serving the Premises if, and to the extent, installed by LESSOR

structural repairs to exterior walls, structural columns and structural floors which collectively enclose the Premises (excluding storefronts)

the roof over the Premises

Other:

Other:

Other:

LESSEE shall give LESSOR notice of the necessity for such repairs and that such repairs did not arise from nor were they caused by the negligence or willful acts of LESSEE, its agents, concessionaires, officers, employees, licensees, invitees, or contractors.

7. FIXTURES AND TRADE FIXTURES:

LESSEE shall make no changes, improvements, alterations, or additions to the Leased Premises unless such changes, improvements, alterations, or additions are first approved in writing by LESSOR.

8. SECURITY DEPOSIT:

The LESSEE, contemporaneously with the first Rent installment, agrees to deposit with the LESSOR Dollars ($ ) which sum shall be held by the LESSOR as security for the full faith and performance by LESSEE of all of the terms, covenants and conditions of this lease by LESSEE.

In compliance with Colorado Code § 38-12-103, LESSOR shall return to LESSEE the amount of the security deposit remaining after deductions for damages and unpaid rent, with an itemization of amounts withheld, all to be due within thirty (30) days of the termination or expiration of the lease and delivery of possession by LESSEE.

9. LESSOR’S LIEN:

As additional security, LESSEE acknowledges, to the extent allowed by applicable law, the LESSOR’S right to hold and sell with due legal notice all property on or to be brought on the Premises in order to satisfy unpaid Rent, expenses, and utilities.

10. DEFAULT:

Each of the following shall be deemed an Event of Default:

Default in the payment of Rent or other payments hereunder.

Default in the performance or observance of any covenant or condition of this lease by the LESSEE to be performed or observed.

Abandonment of the premises by LESSEE.

11. NOTICE OF DEFAULT:

Such notice shall also contain a reasonably understandable description of the action to be taken or performed by the other party in order to cure the alleged default and the date by which the default must be remedied, which date can be not less than business days from the date of mailing the notice of default.

12. TERMINATION:

LESSOR may, at its option, give notice to LESSEE that this lease shall terminate upon the date specified in the notice, which date shall not be earlier than days after mailing or delivery of such notice.

13. ACCELERATION:

Upon LESSOR’S termination of this Lease, the entire remaining balance of unpaid Rent for the remaining term of this Lease shall accelerate.

14. REPOSSESSION:

Upon termination of this lease, LESSOR may enter forthwith and resume possession of the Leased Premises.

15. DEFAULT BY LESSOR:

LESSEE shall have offered LESSOR days in which to correct and cure the default or commence a good faith effort to cure such default.

16. RELETTING AFTER TERMINATION:

LESSOR shall use reasonable efforts to relet the Premises.

17. DAMAGES:

LESSEE shall pay to LESSOR without demand or notice the following:

All Rent and other payments accrued to the date of such termination.

All future Rent and other payments to be due under the terms of this lease.

The costs of making all repairs, alterations and improvements required to be made by LESSOR hereunder.

The attorneys’ fees and other costs.

18. EXCLUSIVITY OF LESSOR’S REMEDIES:

The receipt of Rent after default shall not deprive the LESSOR of other actions against the LESSEE.

19. LESSOR NOT LIABLE FOR INJURY OR DAMAGE TO PERSONS OR PROPERTY:

The LESSOR shall not be liable for any injury or damage to any person or to any property at any time on said Premises or building.

20. TAXES:

Property taxes on the Leased Premises shall be responsibility of LESSOR. Taxes on the personal property of Lessee shall be the responsibility of LESSEE.

21. RIGHT OF RE-ENTRY:

LESSOR shall have the right to enter the Premises at reasonable hours for inspection, repairs, and other reasonable purposes.

22. HOLDOVER:

If LESSEE shall holdover after the expiration of the Term hereof, with the consent of LESSOR, such tenancy shall be from month to month only.

23. NATURE OF RELATIONSHIP BETWEEN PARTIES:

The sole relationship between the parties created by this agreement is that of LESSOR and LESSEE.

24. RIGHT OF LESSOR TO PAY OBLIGATIONS OF LESSEE TO OTHERS:

LESSOR, after 10 days notice in writing, shall have the right to pay any such sum or sums due to be paid by LESSEE.

25. MECHANICS AND OTHER LIENS IMPOSED BY LESSEE:

LESSEE shall keep the Leased Premises free of mechanics and materialmen’s liens and other liens of like nature.

26. CONDEMNATION CLAUSE:

In the event that all or a part of the Premises is taken by eminent domain, this lease will terminate effective as of the date of possession.

27. FIRE CLAUSE:

The LESSEE agrees to notify LESSOR of any damages to the Leased Premises by fire or other hazard immediately upon occurrence.

28. WAIVER OF NONPERFORMANCE:

Failure of the LESSOR to exercise any of its rights under this lease shall not be considered a waiver.

29. PAROL EVIDENCE CLAUSE:

This instrument constitutes the final, fully integrated expression of the agreement between the LESSOR and the LESSEE.

30. SUBORDINATION:

This lease is subordinate to the lien of all present or future mortgages that affect the Leased Premises.

31. INSURANCE:

LESSEE shall keep in full force and effect a policy of public liability insurance with respect to the property and the business operated by LESSEE in the property in the amount of Dollars ($ ).

LESSOR shall during the term hereof, at it's sole expense, provide and keep in force insurance on the building against loss or damage by fire and extended coverage.

32. NOTICES:

All notices and communications concerning this lease shall be mailed to the parties at the following addresses:

33. SALE BY LESSOR:

In the event of a sale or conveyance by LESSOR of all or part of the Leased Premises, the same shall operate to release LESSOR from any future liability.

34. COURT ACTION, ATTORNEY’S FEES AND COSTS:

If suit should be brought for damages or to enforce any provision hereof, the losing party agrees to pay to the prevailing party reasonable costs and expenses.

35. ASSIGNMENTS AND SUB-LEASE:

The LESSEE hereby agrees not to assign this lease or sub-lease the Premises without the written consent of the LESSOR.

36. INTERPRETATION:

Whenever any word is used in the masculine gender, it shall also be construed as being used in the feminine and neuter genders.

37. MODIFICATION:

Any modification or amendment of this agreement shall be in writing and shall be executed by all parties.

38. SEVERABILITY CLAUSE:

If any term, covenant, condition, or provision of this lease is held invalid, the remainder shall remain in full force and effect.

39. LAW TO APPLY:

This lease shall be construed under and in accordance with the laws of the State of Colorado.

40. ADDENDUMS:

Option to Purchase

Arbitration Agreement

Other:

None

41. OTHER PROVISIONS:

All documents such as schedules, exhibits and like documents are incorporated herein and shall initialed by all parties. If LESSEE is a corporation, each person executing this lease represents and warrants that he is duly authorized to execute and deliver this lease on behalf of the corporation.