Massachusetts Commercial Lease

MASSACHUSETTS 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 following described premises in its present condition, located in County, Massachusetts:

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.

The LESSEE shall pay all Rent when due and payable, without any setoff, deduction or prior demand whatsoever. Any payment by LESSEE or acceptance by LESSOR of a lesser amount than shall be due from LESSEE to LESSOR shall be treated as payment on account.

4. LATE CHARGES: LESSEE shall pay a late charge in the amount of percent (%) of the outstanding delinquent balance for any payment of rent not made within days after the due date, 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: LESSOR agrees that LESSEE, upon paying the rentals and on performing all terms of this lease, shall peaceably have the leased premises during the term of this lease.

(a) To use these 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.

(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 for any expense, damage or repair occasioned by the stopping of waste pipes or overflow from bathtubs, closets, washbasins, basins or sinks, and for any damage to window panes, window shades, curtain rods, wallpaper, furnishings, or any other damage to the interior of the leased premises.

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:

7. FIXTURES AND TRADE FIXTURES: LESSEE shall make no changes, improvements, alterations, or additions to the leased premises unless first approved in writing by LESSOR, not in violation of financing restrictions, and not materially altering the character or value of the premises.

All improvements attached to the premises that cannot be removed without material injury shall become the property of LESSOR upon installation.

8. SECURITY DEPOSIT: The LESSEE, contemporaneously with the first Rent installment, agrees to deposit with the LESSOR Dollars ($).

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:

a. Default in the payment of rent or other payments hereunder.

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

c. Abandonment of the premises by LESSEE.

d. The filing or execution or occurrence of bankruptcy, reorganization, insolvency, assignment for benefit of creditors, receivership, dissolution or liquidation proceedings.

11. NOTICE OF DEFAULT: Notice of such event of default must be in writing and must either be hand delivered, mailed by U.S. Certified Mail, return receipt requested, or if unable to provide notice by these methods, if notice is from LESSOR to LESSEE by posting the notice on the front door of the leased premises.

Such notice shall set forth the nature of the alleged default and the specific paragraph(s) relating to the alleged act of default.

Such notice shall also contain a reasonably understandable description of the action to be taken or performed 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: Upon occurrence of any Event of Default, and after proper notice of default has been given, LESSOR may 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: LESSEE expressly agrees and understands that upon LESSOR’S termination of this Lease, the entire remaining balance of unpaid rent for the remaining term of this Lease shall accelerate and become immediately due, payable, and collectable.

14. REPOSSESSION: Upon termination of this lease, LESSOR may enter forthwith, without further demand or notice to LESSEE, and resume possession of the leased premises.

15. DEFAULT BY LESSOR: In the event of any default by LESSOR, LESSEE, before exercising any rights that it may have at law to cancel this lease, must first send notice by registered or certified mail, or hand delivery, to LESSOR, and 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: Upon termination of this lease in any manner above provided, LESSOR shall use reasonable efforts to relet the premises.

17. DAMAGES: Upon termination of this lease, LESSEE shall pay to LESSOR:

(a) All rent and other payments accrued to the date of such termination and a proportionate part of the rent otherwise payable for the month in which such termination occurs.

(b) All future rent and other payments to be due under the terms of this lease to the extent Landlord has not been able to offset same by reletting the premises within 30 days of termination.

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

(d) The attorneys’ fees and other costs.

18. EXCLUSIVITY OF LESSOR’S REMEDIES: The receipt of rent after default, or after judgment or after execution, shall not deprive the LESSOR of other actions against the LESSEE for possession or for rent or for damages.

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 from any cause whatever.

20. TAXES: Property taxes on the real property 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 to examine or exhibit the premises, or to make such repairs and alterations as shall be deemed necessary.

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: If LESSEE shall fail or refuse to pay any sums due, LESSOR shall have the right to pay such sums after 10 days notice in writing.

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 or conveyed in lieu of eminent domain, this lease will terminate effective as of the date of possession.

27. FIRE CLAUSE: 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 and which the limits of general liability shall be in the amount of Dollars ($) combined single limit, naming LESSOR as additional insured.

LESSOR shall during the term hereof, at its 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, LESSOR shall be released from future liability and LESSEE agrees to attorn to the purchaser or assignee.

34. COURT ACTION, ATTORNEY’S FEES AND COSTS: If suit should be brought for damages, to enforce payment of rent, to recover possession, or to enforce any provision hereof, the losing party agrees to pay to the prevailing party reasonable costs and expenses incurred in prosecuting these suits.

35. ASSIGNMENTS AND SUB-LEASE: The LESSEE hereby agrees not to assign this lease voluntarily or involuntarily, nor to sub-lease the premises or any part of the leased premises, without the written consent of the LESSOR.

36. INTERPRETATION: Whenever any word is used in this agreement in the masculine gender, it shall also be construed as being used in the feminine and neuter genders, and singular usage shall include the plural and vice versa.

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, void, or unenforceable, 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 Massachusetts.

40. ADDENDUMS: The following addendums are attached to this lease and shall be initialed by the parties.

Option to Purchase

Arbitration Agreement

Other:

None

41. OTHER PROVISIONS:

All documents such as schedules, exhibits and like documents are incorporated herein and shall be 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.

In Witness Whereof, the undersigned LESSOR and LESSEE execute this lease to be effective as of the day and date first above written.