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Commeyeial Leae Agreement <br /> Commercial FuellCard a <br /> Valley Pacific Petroleum Services,Inc, and the LTH Trust are entering into this-agreement to Lease <br /> the Premises located at 23100 South Masson Road;in Tracy California. -The LTI Trust will own <br /> the property while Valley Pacific Petroleum Services,Inc.will own the Nuipment and operate the <br /> commercial fueling business <br /> TRIS LEASE,effective the l stday of Deeember 2002,between the I,`IIiTsst andalYe}+':Paefic <br /> Petroleum Services,Inc., (a Califomia CeVlw ti*her�nattsrreferreci;to as"Valley-Pac fie <br /> WITNESSETH <br /> I. PREMISES The LTH Trust hereby leases to Va]leyPacie tltat oextatsttzidanbfreal::,. <br /> property and improvements commonly lmown a$-the epmrperEia(fucli#zg islands located an that <br /> certain of land cantaizung agp%ximately.9.4 acres t+sgether with:the aig. 4 use a Mutual.' ' <br /> Access area,and the rightto use stotm'drainage system all tis'shawti ori the attatdied Exltiliit"A", <br /> attached hereto and made a parthereof. '(herein collectivetycalled-Premtses" <br /> 2. TERM.The terra of this Lease shall be for a pend of Eve(d)yeas Exam the 1st dayaf; ' <br /> December 2002 to the 30th day of November,2007(`7rtltral'I efaP�,to iless teiimiziated sooner:as <br /> provided in this Lease. <br /> 3. .OPTION TO EXTEND LEASE TERM Yslley I?aeitAC shalt have the 3iglit.ta extend : <br /> lease for 3 additional five year periods as fall4W` <br /> 1) The First f3phonal Exfensiori.(atS years from coinriiment):tfezcarMed,siuilllie ' <br /> exercised at the same;terms and oondlttoits ijs fliose ofttie ortgbial Lesse <br /> 2' The Second tior4 Extension.at l0 <br /> QP ( 363iomeamme�peeeiit)afeicrsed,sliadbe <br /> exercised at"Fair Nia Ut Rent"at t#taY6me <br /> 3j The Third dptional Extension(at li yeaxs,flottt cAi ienceirie5it i£exerc sed,shall be <br /> exercised at the same terms and conditions:as diose` Rhe-Necozrd�ptiopal Eiitensioii; <br /> y <br /> The next available;option term will be automa#ca1I3+e8 eiged unless MaileyPr}gifia gives ivtatten <br /> notice to the LTH Trust at least ninety{9Q)days prior to the aripixaGtatf=QEtfi i ze i€ad k. <br /> -'--- - p—as'agragG2- e-reoTorthe•oRTen�'ophon`terrp <br /> 4..; MI 041Af RENT Valley Pacific agrees tq.yayT#ie LTHI Trustas lent for t}reWim <br /> without notice or demand,the sum of Fifteen Hundred ISnllaxs($I,50Qj bier trYo�tti The mY <br /> rate spec $ed liereiri shall be:due andpayable on tl c lift 1 Clky qi G kid; e�maessme <br /> calendar month during the or terrri of this Lease, any 4teus oit ofthe teirlu hereofa Reatpaid_e$er <br /> the 20�'day of any month shall he late amd subtesit trr a Iatee sfftlnee peeent�3✓s) )cif for <br /> any period during the term.lieneofvvli ck is for less jhati gxtu:(] inonf(t s5sli a gro raWd:po <br /> the applicableoix of <br /> rani}thtyilnsta ruent based upon atf ty(3.0. taymprithi) <br /> In addition to the minimum monthly rent,a commission of$.til per galltrzi will be pa€d cul all <br /> galjans pumped from this facility exceeding 2,Qbl ON gallons per year:as ealau�tsd st: e <br /> lre � Jof <br /> each calendar year. Such commission will be due'and-pay kbiithe 1 £Jatfwryafthe <br /> succeeding year. <br /> Page I of 1 <br />