STATE OF ALABAMA )
:
CHAMBERS COUNTY )
BUILDING LEASE AGREEMENT
WITNESSETH, the undersigned parties, McCLENDON TRANSPORTATION GROUP, INC.
("Lessee"), a Delaware corporation, and McCLENDON ENTERPRISES, an Alabama
business partnership ("Lessor"), hereby agree as follows:
1. Lessor shall lease to Lessee a commercial office building situated at
121 South LaFayette Street, LaFayette, Chambers County, Alabama,
comprising approximately, 20,000 square feet
2. The term of the lease shall be for five (5) years, commencing January
1, 2000 and ending December 31, 2005.
3. Rent ofSl 1,000 p.r month during the term shall be payable by the
Lessee on or before the fifth day of each month.
4. Lessee shall maintain and timely pay all fire, hazard, liability and
contents insurance, all utilities, and all taxes or other assessments
upon the subject property.
5. Lessee shall pay for all necessary minor repairs and/or modifications
to the property for business purposes of $1,000 or less. All other
major repairs, structural improvements and related costs exceeding Si
,000 shall be borne by Lessor.
6. This lease agreement shall not be assigned by either party without
the written consent of the other party.
7. This lease agreement shall not be amended or modified except in
writing and executed by both parties.
8. Either party shall have the right to terminate this lease upon sixty
(60) days written notice.
<PAGE>
9. The Lessee shall and hereby does protect, indemnif~' and hold
Lessor harmless from any and all liability for injuries or
damages of any nature arising out of Lessee's business use of
the subject property.
10. Any dispute arising between the parties under this lease shall
be resolved by arbitration in the State of Alabama.
Executed this 1st day of January, 2000.
/s/ Sherril Childs /s/ James W. McClendon
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WITNESS McCLENDON TRANSPORTATION GROUP, INC.
by: James W. McClendon, President
LESSEE
Attest: /s/ Glenn Scarborough
-----------------------------
/s/ ???????? /s/ Hugh F. McClendon
------------------- -------------------------------------
WITNESS McCLENDON ENTERPRISES
by: Hugh F. McClendon, General Partner
LESSOR
