Georgia-Atlanta-8399 Dunwoody Place Lease - TPH & AJM and Telephone Directory Advertising Inc.
LEASE AGREEMENT
THIS LEASE, made as of the 1st day of June 1996, by and between TPH & AJM, a
partnership, first party, (herein after called "Landlord"); and Telephone
Directory Advertising, Inc., second party, (herein after called "Tenant").
WITNESSETH
*** PREMISES
The Landlord, in consideration of rents and agreements herein after mentioned,
does hereby rent to the Tenant the following described property (herein after
called "Premises"), to wit:
BUILDINGS NO. 5 & 6, 8399 DUNWOODY PLACE, ATLANTA, GEORGIA
*** TERM
This lease shall be for a term of 5 years beginning on the 1st day of June 1996,
and ending on the 31st day of May 2001, at midnight, unless terminated sooner as
herein after provided.
*** RENTAL
Tenant agrees to pay Landlord within the first 10 days of the month during the
term of this lease a monthly rental of $9,955.00 (at the rate of $15.55 per
square foot for 7,680 square feet).
*** UTILITY BILLS
All utility bills, including but not limited to electricity, water, sewer, gas,
fuel, light and heat bills will be paid by Tenant.
*** USE OF PREMISES
Premises shall be used for ADVERTISING AGENCY purposes. Premises shall not be
used for any illegal purposes; nor in any manner to create any nuisance or
trespass; nor in any manner to cause an increase in the insurance rates on
premises.
*** REPAIRS BY LANDLORD
Landlord agrees to keep in good repair the roof, foundations and exterior walls
of the premises, and underground utility and sewer pipes outside the exterior
walls of the building, except repairs rendered necessary by the negligence of
the Tenant, its agents, employees or invitees.
*** ESCALATION
Tenant shall pay as additional rent during the term of this lease an
inflation adjustment equal to the annual increase in the consumer price index
at December 31 of each year applied to the prior year's annual base rent.
The first increase is effective for rental years beginning after May 31, 1997.
*** DESTRUCTION OR DAMAGE OF PREMISES
If premises are totally destroyed by any casualty, this lease shall terminate.
If premises are partially destroyed by casualty, Landlord may, at his option,
reduce the monthly rental or restore the premises to substantially the same
condition as before the damage. Tenant may, at his option, accept the reduced
monthly rental, wait for restoration, or terminate the lease.
<PAGE>
Lease of Buildings No. 5 & 6
8399 Dunwoody Place, Atlanta, Georgia
Page 2
*** INDEMNITY
Tenant agrees to indemnify and save harmless the Landlord against all claims for
damages to persons or property by reason of the use of occupancy of the leased
premises and all expenses incurred by Landlord because thereof, including
attorneys fees and court costs.
*** SUBLETTING
Tenant may not sublet premises without the written approval of the Landlord.
*** REMOVAL OF FIXTURES
Tenant may remove all fixtures and equipment which he has placed in the premises
provided that Tenant repairs all damage to premises caused by such removal.
*** EXTERIOR SIGNS
Tenant may not place any exterior signs on the premises without the consent,
written or otherwise, of the Landlord. In any event, Landlord may, at his
option, require the removal of any exterior sign after written notification to
the Tenant 60 days prior to intended date of removal.
*** SPECIAL
In so far as the following stipulations conflict with any of the foregoing
provisions, the following shall control: NONE.
This lease contains the entire agreement of the parties hereto and no
representations, inducements, promises or agreements, oral or otherwise, between
the parties, not embodied herein, shall be in force or effect.
IN WITNESS WHEREOF, the parties herein have hereunto set their hands.
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LANDLORD (TPH & AJM) TENANT (Telephone Directory Advertising)
/s/ Tim Hanley Pres. /s/ Tim Hanley Pres.
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BY AND TITLE BY AND TITLE
6-1-96 6-1-96
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DATE DATE