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Sample Business Contracts

Louisiana-East Feliciana Lease - Philip R. Thomas, Wayne Heirtzler Thomas and Thomas Group inc.

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  • Commercial Lease. Start a state-specific lease for the rental of commercial property. Specify the term and rent due, as well as whether the landlord or tenant is responsible for property taxes, insurance, and maintenance and repairs.
  • Commercial Sublease. When a tenant vacates commercial property before the lease term has expired, it may be able to rent the premises to a third party. The tenant would be the sublessor and the third party would be the sublessee. Besides preparing a sublease, both parties will want to review the provisions for assignment or subletting in the original lease agreement between the landlord and the sublessor.
  • Sublease Agreement. Tenants of residential property should prepare a sublease agreement if they are seeking to sublease a room or the entire apartment or house to a third party. All parties should review the original lease agreement to see if there are any restrictions on subletting or assigning the premises.
  • Triple Net Lease. Triple net leases are a type of commercial leases where the tenant has to pay for property taxes, insurance, utilities, and maintenance, in addition to the monthly rent.
  • Office Space Lease. When renting an office space, tenants should understand the amount of the rent and duration of the lease. Other important terms include whether the space can be subleased, which parties are responsible for maintenance, and whether any furniture and furnishings will be provided.

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                                COMMERCIAL LEASE

STATE OF LOUISIANA

PARISH OF EAST FELICIANA

         This lease is entered into, in the presence of the subscribing
witnesses, by:

                  PHILIP R. THOMAS and WAYNE HEIRTZLER THOMAS, born Heirtzler,
                  who are of the age of majority, residents of and domiciled in
                  East Feliciana Parish, Louisiana, with a permanent mailing
                  address of Route 2, Box 2300, Ethel, Louisiana 70730, and who
                  are married to and living with each other, hereafter "OWNER,"

and who declared that they lease to:

                  THOMAS GROUP, INC., a Delaware corporation authorized to do
                  business in the State of Louisiana, with its principal
                  business establishment in Louisiana in East Feliciana Parish,
                  Louisiana, with a permanent mailing address of 5215 North
                  O'Connor Boulevard, Suite 2500, Irving, Texas 75039,
                  represented herein by its Vice President and Chief Financial
                  Officer, Robert C. Pearson, by virtue of the authority of a
                  resolution of the Board of Directors of the corporation, a
                  copy of which is annexed, hereafter referred to as "LESSEE,"

the following described property:

         A certain tract or parcel of land, together with all of the buildings
         and improvements thereon, and all of the rights, ways and servitudes
         thereunto belonging or in any way appertaining, and all component parts
         thereof, situated in the Parish of East Feliciana, State of Louisiana,
         in Section 65, Township 3 South, Range 1 East Greensburg Land District
         of Louisiana, containing 30.451 acres, being shown as TRACT C on a plat
         of survey entitled "Map Showing Subdivision of the James D. Kemp Estate
         Located in Section 65, T3S, R1E of Greensburg Land District in East
         Feliciana Parish Near Ethel, LA," made by Wm. A. Wintz, Jr., Registered
         Land Surveyor, dated Baton Rouge, Louisiana, June 14, 1974, filed as
         Register Number 72094, recorded in Conveyance Book W-3, page 21,
         conveyance records of East Feliciana Parish, Louisiana, and being the
         same property acquired by Philip R. Thomas and Wayne Heirtzler Thomas
         by act of cash sale filed as Register Number 122,292, recorded in
         Conveyance Book J-8, page 67, conveyance records of East Feliciana
         Parish, Louisiana,

hereafter referred to as "The Premises," or "The Leased Premises."

1.       USE OF THE PREMISES.

         1.1      LESSEE'S USE. LESSEE may use the premises as a training center
                  and conference center for executive officers and other
                  business persons, as well as for construction of buildings and
                  other housing for personnel and trainees, and for any related
                  purposes, including but not limited to landscaping and
                  beautification.

         1.2      OWNER'S USE.

                  1.2.1    GENERAL USE. OWNER may enter those portions of the
                           premises which are not in use by LESSEE, and may use
                           those portions in any way which does not interfere
                           with Lessee's use of the premises.

                  1.2.2    MINERALS. LESSEE's rights shall be subordinate to
                           OWNER's right to grant mineral leases of the property
                           and otherwise utilize the property for mineral
                           purposes, including the transfer of mineral or
                           royalty interests therein and unitization of the
                           property with other lands for mineral purposes;
                           however, in utilization of any such rights, OWNER
                           shall have no right to use or disturb the surface of
                           the premises without Lessee's consent.


<PAGE>   2

2.       TERM OF LEASE. This lease is for a term of twenty-five [25] years,
         beginning on November 20, 1991, and ending on November 20, 2016,
         subject to the limitations, terms and conditions set forth hereafter.

3.       RENTAL. LESSEE shall pay as rental $6,000.00 annually, payable on or
         before January 2 of each year, beginning on January 2, 1992.

4.       MAINTENANCE OF THE PREMISES. LESSEE acknowledges that the premises are
         in good condition, accepts the premises in such condition and agrees to
         keep them in such condition during the term of the lease and to deliver
         them to OWNER is such condition at termination of the lease.

5.       ADDITIONS TO THE PREMISES. LESSEE may make additions to the premises,
         including structures for housing the activities of LESSEE under this
         lease. All such improvements shall become the property of OWNER at
         termination of the lease without further cost to OWNER, except as
         provided in Paragraph 14 hereafter. In case of fire or other casualty
         or accident which wholly or partially destroys any additions, LESSEE
         shall rebuild such additions as quickly as practicable, and shall not
         be entitled to any reduction or remission of rentals during the period
         of any rebuilding or construction.

6.       DAMAGES AND INJURIES; WAIVER AND ASSUMPTION OF LIABILITY. OWNER shall
         not be responsible for any damage to LESSEE or to any other person
         whatever or for any other loss, injury or damage arising out of the
         leased premises or this lease. LESSEE shall hold OWNER free from any
         responsibility for injury or damages to LESSEE or to any other person
         and to any property of LESSEE or any other person arising from the
         condition, state of repair, upkeep or maintenance of the leased
         premises, or lack thereof, or of Lessee's operation, possession,
         occupancy, or use of the leased premises, including that resulting from
         any vice or defect of the premises, whether such damage occurs on or
         off the leased premises. LESSEE assumes all such liability, and shall
         indemnify and hold OWNER free from any liability for any such damages
         or injuries, including any attorney's fees and costs in defending
         claims resulting from such damages or injuries.

7.       ASSIGNMENT AND SUBLEASE. LESSEE may not sublease the premises without
         OWNER's written consent, but may assign this lease. In the event of
         such an assignment, LESSEE shall remain liable to OWNER for all
         obligations of LESSEE under this lease, and the assignee shall become
         an additional LESSEE for all purposes under this lease.

8.       INSURANCE AND TAXES

         8.1      LIABILITY INSURANCE. LESSEE shall furnish a certificate of
                  insurance showing a policy of comprehensive liability
                  insurance in effect at all times during the term of this
                  lease, with policy limits of not less than $3,000,000.00 per
                  occurrence for personal injury and property damage liability,
                  covering all liabilities assumed by LESSEE herein, and naming
                  OWNER[s] as additional insureds under the policy and providing
                  in the policy that OWNER will be notified in the event of
                  cancellation of the policy.

         8.2      PROPERTY DAMAGE INSURANCE. LESSEE shall carry comprehensive
                  property damage insurance, including fire, windstorm, tornado,
                  explosion and general risk insurance, up to the full insurable
                  value of all improvements placed on the leased premises.

         8.3      WORKERS COMPENSATION. LESSEE shall carry workers' compensation
                  insurance in not less than the minimum amount necessary to
                  meet the requirements of the Louisiana workers' compensation
                  laws.

         8.4      AD VALOREM TAXES. LESSEE shall pay all ad valorem property
                  taxes on the leased premises and any improvements thereto.

         8.5      FAILURE TO MAINTAIN INSURANCE. In addition to any other
                  provision or remedy provided herein, if LESSEE fails to obtain
                  or maintain any insurance required by this lease, or pay any
                  taxes or other


<PAGE>   3

                  assessments required by this lease, OWNER shall have the
                  option, after fifteen [15] days' written notice to LESSEE, to
                  obtain such insurance or pay such taxes or assessments at
                  LESSEE's cost. Any sums so advanced shall be secured as
                  rentals due under the terms of this lease and shall bear
                  interest at the rate of 12% per annum from the date of the
                  advance.

9.       UTILITIES. LESSEE shall pay all charges for utility service to the
         premises.

10.      DEFAULT.

         10.1 The following actions or inactions by LESSEE shall constitute a
default under this lease:

                  10.1.1   Violation of any covenant, condition or obligation of
                           this lease;

                  10.1.2   Discontinuance of use of the premises for the purpose
                           of which leased, or failure to actively conduct the
                           business intended under this lease on the leased
                           premises;

                  10.1.3   Failure to promptly pay rentals, to provide insurance
                           required, to pay insurance premiums, or to pay
                           utility bills or other expenses or obligations of
                           LESSEE under this lease;

                  10.1.4   Adjudication of LESSEE as a bankrupt, or appointment
                           of a receiver or trustee to take charge of the
                           property or any portion thereof;

                  10.1.5   Placement of LESSEE in receivership;

                  10.1.6   Insolvency of LESSEE, or failure of LESSEE in
                           business;

                  10.1.7   Use of the premises or any portion thereof for any
                           unlawful purpose.

                  10.1.8   Commission or tolerating the commission of any
                           nuisance or act of waste, or of any act punishable by
                           penalty, fine or imprisonment under the laws of East
                           Feliciana Parish, the State of Louisiana or the
                           United States;

         10.2     In the event of default, OWNER, at OWNER's option, may:

                  10.2.1   Accelerate the rental for the whole of the unexpired
                           term, which rental shall become immediately due;

                  10.2.2   Immediately cancel this lease;

                  10.2.3   Proceed for collection of past due installments only,
                           reserving OWNER's right to later proceed for
                           collection of the remaining installments; or

                  10.2.4   Re-enter the premises and lease them for such price
                           and on such terms as may be immediately obtainable,
                           in OWNER's discretion, and apply the net amount
                           realized to payment of rent due by LESSEE.

         10.3     If OWNER elects to accelerate the rental for the unexpired
                  term of the lease, then OWNER, at OWNER's option, shall have
                  the further option to re-enter the premises and to attempt to
                  lease them for such rental and on such terms as OWNER may be
                  able to obtain, in reduction of the amount due OWNER, or, if
                  OWNER is unable to lease the premises, to let the premises on
                  a month-to-month basis, and credit the net amount realized on
                  the payment of the rental due for the full unexpired term of
                  the lease, reserving the right to sue thereafter for any
                  balance remaining due after credit for the rental actually
                  received or estimated to be received. Any balance thus due
                  shall be considered rental due under this lease, and shall be
                  secured by lessor's privilege and right of detention. Exercise
                  of this right of re-entry and privilege to re-let shall not
                  prejudice OWNER's


<PAGE>   4

                  right to hold LESSEE responsible for any amount due under this
                  lease in excess of the amount for which the property is
                  re-let.

         10.4     If LESSEE fails or refuses to permit OWNER to re-enter the
                  premises, OWNER may eject LESSEE according to Louisiana law,
                  including but not limited to the provisions of Louisiana Code
                  of Civil Procedure articles 4701-4735, without forfeiting any
                  of OWNER's rights under the other terms of this lease, and
                  OWNER may at the same time or subsequently sue for any money
                  due or to enforce any other rights of OWNER.

         10.5     Should OWNER choose to cancel the lease, LESSEE waives the
                  right to written notice to vacate and agrees to immediate
                  eviction proceedings without such notice. In such case, LESSEE
                  shall remain responsible for all damages or losses suffered by
                  OWNER. LESSEE waives any requirement for putting in default
                  for any breach of this lease, except as otherwise provided
                  herein.

         10.6     Failure to strictly and promptly enforce the conditions set
                  forth above shall not operate as a waiver of OWNER's rights.
                  OWNER reserves the right to enforce prompt payment of rent or
                  to terminate this lease regardless of any indulgences or
                  extensions previously granted. OWNER's acceptance of any
                  rentals in arrears, or after institution of suit shall not
                  constitute a waiver of notice or suit, or of any other rights
                  of OWNER.

11.      ATTORNEY'S FEES. Should it become necessary for either party to employ
         an attorney to enforce any claim or protect any right of either party
         arising from this lease, the party whose action or inaction
         necessitates such employment shall pay, in addition to any other
         charges or amounts due by that party, a reasonable attorney's fee.

12.      CHANGES IN LEASE. No change or modification of this lease shall be
         binding unless evidenced by an agreement in writing signed by OWNER and
         LESSEE.

13.      NOTICES. All notices required to be given under this lease shall be in
         writing by certified or registered mail, addressed to the parties at
         their respective addresses set forth at the beginning of this lease, or
         at any change of address given to either party by the other in writing.

14.      OWNER'S OPTION TO BUY OUT LEASE.

         14.1     After nine [9] years from the date of this lease, OWNER may,
                  by giving one year's notice to LESSEE, purchase LESSEE's
                  rights under this lease, and terminate the lease, on the
                  following terms and conditions:

                  14.1.1   The price for such buy-out shall be the fair market
                           value of all leasehold improvements placed on the
                           premises by LESSEE.

                  14.1.2   After receiving written notice, LESSEE shall have one
                           [1] year in which to vacate the premises. All
                           improvements to the premises shall become the
                           property of OWNER.

15.      SUCCESSION IN TITLE. This lease binds each of the parties and their
         respective heirs, successors and assigns. All of the terms hereof,
         including the provisions against sublease, apply to any persons or
         legal entities claiming by or through either party.

         DONE AND SIGNED by the parties on _____________________________, 1991
in the presence of the subscribing witnesses.

WITNESSES:

-----------------------------------         -----------------------------------
                                            PHILIP R. THOMAS, Owner



<PAGE>   5

-----------------------------------         -----------------------------------
                                            WAYNE HEIRTZLER THOMAS, Owner

                                            THOMAS GROUP, INC.  Lessee

                                            BY:
                                               --------------------------------
                                               Robert C. Pearson, Vice President
                                               and Chief Financial Officer


EXHIBIT 10.8 AMENDMENT NO. 1 TO THE COMMERCIAL LEASE OF DECEMBER 31, 1991 BETWEEN PHILIP R. THOMAS AND WAYNE HEIRTZLER THOMAS, OWNERS AND THOMAS GROUP, INC., LESSEE The following amendment to that certain Commercial Lease of December 31, 1991 is hereby adopted: 2.1 The LESSEE shall have the option to renew this lease for an additional fifteen (15) years after November 20, 2016, provided that OWNER shall not have exercised the option set forth in Paragraph 14. LESSEE must provide notice to OWNER of intention to exercise this option by August 20, 2016. OWNER and LESSEE will in good faith negotiate the rental for the option period. Failure to agree upon a rental for the option period will cause this lease to be renewed for a five (5) year period beginning November 21, 2016 at a rental rate of $18,000 per year. 2.2 If LESSEE fails to exercise this option to renew, the lease shall terminate. 2.3 Upon termination of this lease on November 20, 2016 or at the expiration of the renewal option period if said option is exercised by LESSEE, all leasehold improvements placed on the premises by LESSEE at any time and remaining on the premises at termination of this lease will revert to OWNER or OWNER's estate. Done and signed by the parties on ___________________________, 1992 in the presence of the subscribing witnesses. WITNESSES: --------------------------------- ---------------------------------- Philip R. Thomas, Owner --------------------------------- ---------------------------------- Wayne Heirtzler Thomas, Owner Thomas Group, Inc., Lessee ---------------------------------- Robert C. Pearson, Vice President and Chief Financial Officer
AMENDMENT #2 TO COMMERCIAL LAND LEASE, DATED 31 DECEMBER 1991, BETWEEN PHILIP R. THOMAS AND WAYNE HEIRTZLER THOMAS, OWNERS, AND THOMAS GROUP, INC. LESSEE The following Amendment to that certain Commercial Lease of December 31, 1991 between OWNERS and LESSEE is hereby adopted: "14.1 After sixteen (16) years from the date of this lease, OWNER may, by giving one year's notice to LESSEE, purchase LESSEE's rights under this lease and terminate the lease on the following terms and conditions:" Done and signed by the parties on 1 February, 1993 in the presence of the subscribing witness. WITNESSES: ------------------------------------------- Philip R. Thomas, Owner ----------------------------------- ------------------------------------------- Wayne Heirtzler Thomas, Owner ----------------------------------- Thomas Group, Inc., Lessee ------------------------------------------- Alex W. Young President and Chief Operating Officer
Amendment No. 3 to the Commercial Lease of December 31, 1991 between Philip R. Thomas and Wayne Heirtzler Thomas, OWNERS and Thomas Group, Inc., LESSEE The following amendment to that certain Commercial Lease December 31, 1991 is hereby adopted: 2.3 Upon termination of this lease on November 20, 2016 or at the expiration of the renewal option period if said option is exercised by LESSEE, OWNER shall pay to LESSEE the fair market value of all leasehold improvements placed on the premises by LESSEE at any time and remaining on the premises at termination of this lease. Signed by the parties on _________________________, 1993 in the presence of the subscribing witnesses. WITNESSES: ------------------------------------------- Philip R. Thomas, Owner ------------------------------------------- Wayne Heirtzler Thomas, Owner ----------------------------------- THOMAS GROUP, INC. LESSEE ------------------------------------------- Robert C. Pearson, Vice President And Chief Financial Officer -----------------------------------