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Lease Agreement (SHOP)

Commercial Lease Agreement

This Commercial Lease Agreement (“Lease”) is entered into on __________ (the “Effective Date”), by and between Knight Ventures, Inc., a Tennessee corporation (“Landlord”), and ________________________ (“Tenant”).

Premises:

Landlord, in consideration of the lease payments provided in this Lease, leases to Tenant the office space at Sequoyah Hills Office Plaza, with the following street addresses: 1200, 1202, 1206, 1208, 1210 Kenesaw Ave., and 1204 Suites AA, AB, AC, B, C, D, E, F, and G, Knoxville, Tennessee (the “Premises”).

Term:

The initial term of this Lease shall be __________ (__) months/years, commencing on __________ (the “Commencement Date”) and ending on __________ (the “Expiration Date”), unless terminated earlier in accordance with the terms of this Lease.

Rent:

Tenant shall pay Landlord a monthly rent of $__________, payable in advance on the first day of each calendar month. Rent for any period during the term which is for less than one month shall be a prorated portion of the monthly installment. Rent shall be paid without notice or demand, and without any setoff, deduction, or counterclaim, at the address provided by the Landlord.

Late Charges:

If any rent payment is not received by the fifth day of the month, Tenant shall pay a late charge of $__________ or ______% of the unpaid rent, whichever is greater.

Security Deposit:

Tenant shall pay a security deposit of $__________ (the “Security Deposit”) on the execution of this Lease. The Security Deposit shall be held by Landlord without liability for interest and as security for the performance by Tenant of Tenant’s obligations under this Lease.

Waiver of Notice:

Tenant hereby waives any and all notice requirements for late payment of rent.

Maintenance and Repairs:

Tenant shall, at Tenant’s expense, keep and maintain the Premises and appurtenances in good and sanitary condition and repair during the term of this Lease and any renewal thereof.

Default:

If Tenant fails to perform or fulfill any obligation under this Lease, Tenant shall be in default of this Lease. In the event of any default, in addition to any other remedies available to Landlord at law or in equity, Landlord may terminate this Lease upon written notice to Tenant, and all unpaid rent and other amounts payable by Tenant shall become immediately due and payable.

Collection Costs:

In the event of any default by Tenant, Tenant shall be responsible for all costs and expenses incurred by Landlord in the enforcement of this Lease, including reasonable attorney’s fees and other collection costs.

Personal Guarantee:

In consideration for Landlord entering into this Lease with Tenant, the undersigned guarantor(s) (“Guarantor”) personally guarantee(s) the performance of all Tenant’s obligations under this Lease, including the payment of rent and any other amounts due.

Entire Agreement:

This Lease contains the entire agreement of the parties with respect to the Premises, and supersedes all prior negotiations, understandings, and agreements between the parties, whether written or oral. This Lease may be amended only by an instrument in writing signed by both parties.

Governing Law:

This Lease shall be governed by and construed in accordance with the laws of the State of Tennessee.

IN WITNESS WHEREOF, the parties have executed this Lease as of the Effective Date.

LANDLORD:

Knight Ventures, Inc.
By: __________________________
Name: Leonard R. Knight, Jr.
Title: President

TENANT:

__________________________
By: __________________________
Name: ________________________
Title: ________________________

GUARANTOR: