Commercial Lease Agreement

Under the conditions stated in the clauses imbedded in this Lease, which the parties
understand and agree, is entered this Lease:
First:Mr XXX argentinian married I.D. DNI number domiciled at XXX in the
district of XXX District of XXX Province of Buenos Aires, who will be known
hereinafter Landlord, desires to lease to Mr YYY argentinian, married, I.D.
DNI number, domiciled at XXX N xxx of the city of ..... district of XXX
Province of Buenos Aires, who will be known hereinafter Tenant and desires
to lease the Leased Premises located at XXX N in the City and District of
XXX Province of Buenos Aires, to the purpose of XXX complying with the
zoning ordeals, which can't change purposes without prior written notice by
Tenant.
Second:The Lease Term lasts for the Initial Term begins on XXX and ends on
XXX when the Tenant agrees to restore the Leased Premises, empty and
free of inhabitants, without any further notice and in perfect conditions
Third:The rent will be in the amount of USS XXX (US Dollar ) per month, which will
be paid only in US Dollars, which is a essential and special condition for this Lease.
Forth:The rent shall be paid advanced per month from 1 to 5 of every month at the
Landlord domicile or where it states therein. Any delay in the rent will grant
Landlord the right to collect interests from dollars, by the mere fact of paying rent
after the 5th day of the month, which adds in the following months. Also, it is
dutily stated that to the previous amount, there will be added an accure interest of
per year in Dollars, stating that such interest won-t be less than 1 and a half times
that of the Bank of the Province o Buenos Aires for fixed=term deposits in 30 days
in US Dollars. Fifth:The parties agreen on the authomatic default for all the emerging obligations
in this Lease, which will take place in all cases by the mere failure to pay rent in
due time without legal or ordinary notice and in compliance with section 509 of
Argentina-s Civil Code. In case of failure to pay the set amounts, they agree on
using the executive path.
Sixth: Under Section 3, Title 6, Chapter 5, Art. 1579 of Arg. Civil Cod, if Tenant fails
to pay the rent for two consecutive periods, Landlord may claim for the termination
of the Lease together with damages, awards, losses and interests.
Seventh: Tenant can not make changes or improve the Leased Premises without
prior written notice to Landlord, under Section 1537 of Arg. Civil Code. Eight: This
Lease will be tranferrable, as long as the new Tenant offer warranties, morally and
materially standing to Landlord-s reasonable opinion, which will not be lesser than
those of current Tenant. The new warrant must own property which value should be
equal to the amount it attests.
Ninth: It is dutifully stated that Tenant can not uner no circumstances, sub=lease
the Lease Premises either total or partially.
Tenth: Tenant hereby receives the posession of the Leased Premises, accepts it
being in perfect conditions, with its accessories, plumbing and otherappurtenances
in proper conditionds. It is also hereby stated that Tenant receives the Leased
Premises wiht all windows and all showcases in the premises, with all doors and
ironwork in perfect conditions. Tenant agrees on returning the Leased Premises
herein leased, in the same conditions in which it is leased, and shall repair
damages when necessary and replace missing objects on the return date.
Eleventh:Tenant may after six months of Lease terminate this Lease and it should
notice Landlord at least sixty days in advance from the date the Premises should
be returned. If Tenant terminates the Lease before a year of lease term, it should
pay Landlord as damages an amount equal to a month and a half of rent the day it
returns the Leased Premises or a month of rent if it does after a year of Lease.
Twelfth:The parties agree that in case of casualty, total or partial destruction of the
Leased Premises due to floods, obstructions and other casualties being it casual or

intentional, Landlord shall not be liable to damages Tenant may suffer. Charges
arising from repairs caused by chance, negligence, Tenant or accident will be paid
by Tenant.

ThirteenthThe parties agree on abide to the competence of the civil court of

Justice of the Judical disctrict of XXX waiving to any other jurisdiction that
may compete, setting their domicilles herein where they receive any
notification or summons that the parties send due to this Lease.
Fourteenth:Tenant in its extent will pay the costs of the Lease Premises
leased hereinafter, in accordance with the syndicate administrator the
Leased Premises concern. Tenant also will pay any charges arising from
running water to the Aguas Argentinas company in its entirety and the
municipal bills for the lighting, sweep, cleaning and preservation of the
street. Also any real state charge from the general secretary of revenue for
the Province of Buenos Aires, showing the certificates that the amount has
been paid everytime it pays the rent, and the Tenant may keep photocopies,
this will constitute the negotiation of the Premises value, therefore any
default will grant Landlord the right to demand eviction as well as any
failure to pay rent, aside from any damages, losses, interest and other
charges. Fifteenth: The parties agree on the execution of the following clause, hereinafter an
addendum, by which it is stated that even though it was agreed that US Dollars should
be the currency in which rent should be paid, essential and special condition for this
Lease, if any other order supersides in the matter of currency, it is stated that in this
case the exchange rate will supersides as a balance clause and in such a case that the
City of Buenos Aires market should be blocked, the US exchange rate into Arg
currency, in accordance with the free market rate of the city of New York, Zurich,
Amsterdan or Montevideo, and the La Nacion or Ambito Financiero newspapers, in all
cases to the reasonable opinion of Landlord and in accordance with the exchange rate
of US dollars "Vendedor", of the previous day of the due pay. This clause is enforcable
only by Landlord, who in all cases keeps the right to mandate the payment of US
Dollars as it is an essential and special condition of this Lease.
Sixteenth:Herein Landlord receives XXX USS from Tenant (US Dollar as
Security Deposit, which will return to Tenant free of interests when it
returns the Leased Premises free of inhabitants, after any damages had
been cured. It is duly stated that the parties understand that the Security
Deposit shall not be considered as an advanced payment of rent.
Seventeenth: Rent is agreed for monthly periods and even if Tenant vacates
and returns the Leased Premises before the end of the month, it will pay the
due rent in its entirity.
Eighteenth: Mr XX, argentinian married I.D. DNI, N', domicilled at XXX in the
City and District of XXX district of XXX province of XXX, hereinafter known
as the warrant, main payer of all obligations that Tenant acquires, which
stays as warrant until the <Leased Premises are returned free of
inhabitants, and the payment of the rent. Also this responsability extends
to successors, waiving to the right of exclusion, division and challenge
without a cause. It is understood that if the warrants declares default by
failure of Lease Premises, Landlord keeps the right to claim other warranties
of premises according to the amount they attest, in a term of 15 days after
which this Lease will be terminated without any legal or ordinary notice,
plus an eviction notice, damages, losses or interests thereof. Nineteenth: It is understood that Tenant must pay electricity and gas
charges, for which it will have to, in no more than 15 days after the
execution of this Lease, change the ownership of the meter, which will
thereafter have its name. When the Lease Term ends and before the
termination of the Lease and the return of the Lease Premises, the charges

will be checked before the authorities of the servicies and after this
verification, the security deposit will be returned.

Twentieth The Leased Premises have a landline telephones, XXX ..... Tenant shall
change ownership in no more than 15 days after the execution of this Lease, if it
fails, Landlord keeps the right to cancel the service. Also it is stated that Tenant
shall change the ownership of the landline telephones to Landlord when returning
the Leased Premises, or it will have to pay the amount of a thousand dollars as a
fee and remedy, which the parties agree herein.
Twenty=first: Failure to pay rent by Tenant or any otherunderstandings in this
Lease, will give the right to Landlord to terminate this Lease. If the Lease is
terminated due to Tenant-s cause, the rent and said understandings will continue
to operate and while Tenant maintains the Leased Premises, until it returns the
keys and its ownership, which will be notified in writing by Landlord. In the case
that keys are consigned or eviction, it will be in default of the rent until the datein
which Landlord agrees on consign or the legal eviction is terminated. In case that
Tenant do not return the Leased Premises on due date, it will pay a daily fee equal
to 10 percent of the monthly rent to the date, each day that it maintains the
Premises, rent and actions that may be enacted to mandate eviction and damages,
specially those stated in sec. 1609 of Arg. Civil Code.

Twenty=second:Tenant shall mantain fire insurance for the value of the

Premises, and be responsible for its payment and must bind it to Landlord
during an 8 day term after the execution of this Lease.

Twenty=third: Tenant shall appear at XXX to pay rent. domiciled at, in the city of
from monday through friday from 9 to 12 and 16 to 19 hs. On Saturday, Sunday and
holidays rent will not be paid. auctioneer, public broker authorized to collect rent
and grant and sign the bills and represnt Landlord who grants it the power
necessary to act in all matters in this Lease.
As compliance and to its execution, it is signed XXX samples tenor y efecto in the
city of district of Jurisdiction of the Province of Buenos Aires, Republic of
Argentina, on the XXX days of XXX in XXX