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<br />L~SE TO OWN CONlRACI' <br /> <br />This is a lease with option to purchase. It is a legal agreement between the BUYER and <br />the SELLER. in which the SELLER. agrees to lease the BUSINESS described below to BUYER, <br />and grants to BUYER an exclusive option to purchase the BUSINESS, subject to the terms and <br />conditions ofthis lease. <br /> <br />The word SELLER. as used in this lease refers to ;e Yir a :1 ( e <br />and the SELLER.'s address is <br /> <br />J~''-:1er <br />" <br /> <br />. SELLER. is the owner of the Business, and <br />is willing to lease the Business to BUYER, for use by the BUYER. <br /> <br />THE word BUYER as used in this lease refers to /1//" h ,,,,,I Lv.;, I~., iL 1/ <br />and the BUYER's address is <br /> <br />, <br /> <br />The words LEASE AGREEMENT, as used throughout this document, refers to the entire <br />agreement contained herein, including the Option to Purchase. <br /> <br />This LEASE AGREEMENT is a legal contract which can be enforced in Court against <br />SELLER. or BUYER if either one does not comply with the provisions of this Lease. <br /> <br />1. Descriotion of Business. The name and address of the Business are <br />0;:1= \Al-~ fiOi./lJ,.{! -YfiJ/2e: @ <br />hi? 3 ;1) tit Ave \, (."e,1TC,.;;V/c.U" /1."; ;-.n.: ') '[f <br />, <br /> <br />2. Term of Lease. This Lease is for a term of 3/ S years, beginning on <br /> <br />i":Jm~s;:~ agree~=~~~t~:n~::/~ =;:;:~'by <br /> <br />providing Seller with written notification of Buyer's intention to opt out of the lease. <br />Said notification must be provided to Seller within a 24 hour period starting on .L, / ;;..c,n / lA"J <br />and ending on JWI. 7- JcvJ."':1 If Buyer elects to opt out of the lease during the statedf:lpt out <br />period, Buyer will return possession of the business to Seller on . J:.'Y>o 2,e k:j 1~'the <br />parties further agree that if Buyer elects to cancel this Lease Agreement at any time other <br />than the specific opt out period stated above, Buyer sball forfeit all money paid to Seller <br />under this Lease Agreement. <br /> <br />3. Lease Pavment . The monthly lease payment shall be the sum of per <br />month, payable by the :; t1, of each month, with ' lue at the time of <br />signing this Lease. A portion of each month's payment shall be applied towards, and <br />shall reduce, the Option to Purchase price as set forth in the paragraph nine (9) below.and <br />the Attached Amortization schedule. <br /> <br />4. Inventorv. Buyer agrees to pay to Seller the sum of .is and for the <br />physical inventory of the Business, due in full on ~ I Jot' +- . Buyer and <br />Seller agree that if Buyer validly exercises Buyer's righi to opt out of this Lease as set <br /> <br />11 <br />