CONFIDENTIAL Strategic Alliance Agreement between NationsRent, Inc. and Lowe’s Companies, Inc. October 12, 2000

Exhibit 10.27

CONFIDENTIAL

Strategic Alliance Agreement

between

NationsRent, Inc.

and

▇▇▇▇’▇ Companies, Inc.

October 12, 2000

Table of Contents

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October 12, 2000

▇▇▇▇’▇ Companies, Inc.
▇.▇. ▇▇▇ ▇▇▇▇
▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇

Re: Strategic Alliance

Gentlemen:

Pursuant to the terms of the Strategic Alliance Letter Agreement, dated as of April 3, 2000 (the “Pilot Agreement”), between NationsRent, Inc., a Delaware corporation, through its operating subsidiaries (“NRI”) and ▇▇▇▇’▇ Companies, Inc., a North Carolina corporation, through its operating subsidiaries, ▇▇▇▇’▇ Home Centers, Inc. and ▇▇▇▇’▇ HIW, Inc. (“Lowe’s”), NRI and Lowe’s have tested the concept of operating equipment rental locations on-site at ▇▇▇▇’▇ home improvement stores (the “On-Site Rental Concept”). NRI and Lowe’s now desire to establish a long-term strategic alliance to roll-out the On-Site Rental Concept to certain existing and subsequently opened Lowe’s stores on the following terms and subject to the following conditions:

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[Signatures on following page]

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By executing this agreement, each of the undersigned acknowledges and agrees that this agreement memorializes the principal terms and conditions in which the parties will implement the On-Site Rental Concept and constitutes the binding agreement of such party with respect to the transactions described above. Except as otherwise set forth herein, each party will be responsible for its own fees and costs in negotiating and entering into this transaction and performing its obligations hereunder.

If you agree to the terms set forth in this agreement, please sign a copy of this agreement in the space indicated below and return it to me.

Very truly yours,

NATIONSRENT, INC.

AGREED AND ACCEPTED AS OF THE
DATE FIRST ABOVE WRITTEN

▇▇▇▇’▇ COMPANIES, INC.

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EXHIBIT A
Roll-Out Schedule for the Fourth Quarter of 2000
9 STORES

ATLANTA MARKET
Stockbridge, GA #512
▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇ #▇▇▇

ORLANDO MARKET
▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇ #▇▇▇
▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇ #▇▇▇

▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇
▇▇▇▇ ▇▇▇▇▇, ▇▇ #▇▇▇
▇. ▇▇▇▇▇▇▇▇▇, ▇▇ #▇▇▇
▇▇▇▇▇▇▇▇▇▇, ▇▇ #551
Hurst, TX #▇▇▇

▇▇▇▇▇/▇▇. ▇▇▇▇▇▇▇▇▇▇
▇. ▇▇▇▇▇, ▇▇ #670

Exhibit A
Roll-Out Schedule for 2001 — Preliminary

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EXHIBIT B

This document is Exhibit B to the Strategic Alliance Letter Agreement, dated October 12, 2000 (the “Agreement”), between NationsRent, Inc. (“NRI”) and ▇▇▇▇’▇ Companies, Inc. (“Lowes”). Capitalized terms used herein and not defined have the meanings assigned to them in the Agreement.

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EXHIBIT C
TO
STRATEGIC ALLIANCE LETTER AGREEMENT
BY AND BETWEEN
NATIONSRENT, INC.
AND
▇▇▇▇’▇ COMPANIES, INC.

     THIS LEASE AGREEMENT [SUBLEASE AGREEMENT] (“Agreement” or “Lease”), made and entered into this ___day of ___, ___(“Effective Date”) by and between ▇▇▇▇’▇ HOME CENTERS, INC. a North Carolina corporation with its principal office and place of business in ▇▇▇▇▇▇ County, North Carolina, hereinafter known and designated in this Agreement as Landlord, and NATIONSRENT___, INC., a Delaware corporation with its principal office and place of business in Broward County, Florida, hereinafter known and designated in this Agreement as Tenant.

W I T N E S S E T H :

     WHEREAS, Landlord has agreed to lease [ALTERNATE FOR SUBLEASES - sublease] to Tenant the property hereinafter described under the terms and conditions hereinafter set out; and

     WHEREAS, it is the desire of both parties, Landlord and Tenant, to reduce the terms of this Agreement to writing;

     NOW, THEREFORE, for and in consideration of the rental hereinafter set out and the further consideration of the faithful performance of the conditions and stipulations listed hereunder on the part of both parties, Landlord does hereby demise, let and lease to Tenant the following described premises.

ARTICLE 1

PREMISES; LANDLORD’S WORK; DELIVERY DATES; AND CONSTRUCTION COMMENCEMENT

1.1 PREMISES. Landlord is the owner in fee simple of that certain real property legally described on Exhibit “A” attached hereto and made a part hereof, which real property is located at: (INSERT ADDRESS, CITY AND STATE) ___, ___,___(“Real Property”). [ALTERNATE FOR SUBLEASES] LANDLORD IS THE LESSEE OF THAT CERTAIN REAL PROPERTY LEGALLY DESCRIBED ON EXHIBIT “A” ATTACHED HERETO AND MADE A PART HEREOF, WHICH REAL PROPERTY IS LOCATED AT: (INSERT ADDRESS, CITY AND STATE) ___, ___,___(“REAL PROPERTY”). LANDLORD HAS LEASEHOLD TITLE TO THE REAL PROPERTY PURSUANT TO THAT CERTAIN LEASE BY AND BETWEEN ___(“PRIME LANDLORD”) AND LANDLORD AS THE TENANT THEREUNDER, DATED AS OF ___, A COPY OF WHICH (WITH FINANCIAL AND OTHER CONFIDENTIAL INFORMATION REDACTED BY LANDLORD) IS ATTACHED HERETO AS EXHIBIT “A-1” AND MADE A PART HEREOF (“PRIME LEASE”).

Landlord hereby leases to Tenant and Tenant hereby leases from Landlord certain premises to be constructed on the Real Property as herein provided, which shall contain approximately one thousand two hundred (1,200) square feet of interior sales floor area and that certain area which is approximately two thousand (2,000) square feet, located on the Real Property and designated “NationsRent Storage” on the site plan attached as Exhibit “B”, hereinafter referred to as “NationsRent Storage Area” which premises are to be constructed by Landlord in the location shown on the site plan attached as Exhibit “B” and made a part hereof (“Site Plan”), together with the right to use the service drives located behind the Landlord’s retail facility located on the Real Property (“Landlord’s Retail Facility”) for deliveries to the NationsRent Storage Area and the right to use the “Common Areas” (as defined in Article 7 hereof) of the Real Property for their intended purposes (collectively, the “Premises”). Landlord and Tenant agree that neither party shall unreasonably block the service drives that are located behind the Landlord’s Retail Facility, except for temporary periods of time provided that same does not unreasonably interfere with the other party’s business or operations. Landlord shall not obstruct or place any property or other items in that portion of the sidewalk, loading area or driveway directly in front of Tenant’s Premises or materially block any of Tenant’s signage. Landlord also grants Tenant the right to use the sidewalks and loading area directly in front of the Tenant’s Premises for the display of Tenant’s equipment and for loading and unloading Tenant’s equipment, provided the same does not violate any codes, ordinances, regulations, local laws or any reciprocal easement and operating agreement and covenants recorded with respect to the Real Property. Any display of equipment other than directly in front of Tenant’s Premises or in the NationsRent Storage Area shall be subject to the Landlord’s prior approval as to duration and location.

1.2 LANDLORD’S WORK. Landlord shall, at the sole cost and expense of Landlord, construct, improve, and finish out the Premises to a vanilla shell substantially in accordance with Exhibit “C” (hereinafter “Landlord’s Work”). Within thirty (30) days after the Effective Date, Tenant, at Tenant’s sole cost and expense, shall cause to be prepared and delivered to Landlord for Landlord’s approval two (2) sets of plans and specifications based upon Tenant’s prototypical plans and specifications, attached as an exhibit to the Strategic Alliance Agreement (defined in 8.3 hereof), as same may be modified by site specific conditions. Within fifteen (15) days of receipt, Landlord shall notify Tenant of the respects, if any, in which said plans and specifications fail to meet Landlord’s reasonable approval and Tenant shall promptly make any revisions necessary to correct such matters and obtain Landlord’s approval. The preliminary plans and specifications as approved by Landlord hereunder shall hereinafter be referred to as the “Final Plans and Specifications”.

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1.3 ESTIMATED DELIVERY DATE/OUTSIDE DELIVERY DATE. The term “Estimated Delivery Date” shall mean forty-five (45) days after commencement of construction of the Premises. The term “Outside Delivery Date” shall mean sixty (60) days after commencement of construction of the Premises.

1.4 DELIVERY DATE. The term “Delivery Date” shall mean the date that (i) exclusive possession of the Premises is delivered to Tenant with all of “Landlord’s Work” completed and (ii) all of the contingencies set forth in Section 2.2 hereof shall have been satisfied or waived in writing by Tenant. Landlord estimates that the Delivery Date will occur on or before the Estimated Delivery Date. Landlord agrees to use diligent efforts to deliver possession of the Premises to Tenant, with Landlord’s Work completed, by the Estimated Delivery Date and Landlord agrees to apprise Tenant of any delays respecting the Delivery Date. If the Delivery Date does not occur on or before the Estimated Delivery Date, then the Delivery Date shall not occur without Landlord having provided Tenant with at least fifteen (15) days prior written notice of the actual Delivery Date. If the Delivery Date has not occurred by the Outside Delivery Date, for any reason whatsoever, Tenant shall notify Landlord of such failure and Landlord shall have an additional sixty (60) days to deliver possession of the Premises to Tenant with Landlord’s Work completed, failing which Tenant shall have the right and option (in addition to all other remedies available at law, in equity or hereunder) to terminate this Lease any time thereafter upon written notice thereof given to Landlord, whereupon the parties shall be released from all liability hereunder (except for any indemnities specifically set forth in this Lease as surviving such termination).

1.5 COMMENCEMENT OF CONSTRUCTION. After (i) approval of the Final Plans and Specifications; (ii) notice from Tenant of Tenant’s approval and acceptance of the environmental condition of the Premises; and (iii) receipt from Tenant of all permits for Landlord’s Work, Landlord shall immediately commence construction of Landlord’s Work. If Landlord has not commenced the construction of the Premises in accordance with the Final Plans and Specifications within sixty (60) days of Landlord’s receipt of all permits and approvals from Tenant as required above, then, at any time thereafter, but prior to Landlord having commenced such work, Tenant shall notify Landlord of such failure and Landlord shall have an additional thirty (30) days to commence Landlord’s Work, failing which Tenant shall have the right and option (in addition to all other remedies available at law, in equity or hereunder) to terminate this Lease any time thereafter upon written notice thereof given to Landlord, whereupon the parties shall be released from all liability hereunder (except for any indemnities specifically surviving such termination).

1.6 PUNCH LIST. Tenant’s occupancy of the Premises shall constitute acceptance thereof. As soon as practicable thereafter after the Delivery Date, Tenant shall provide Landlord with a list of items still to be completed by Landlord (the “Punch List”). Landlord shall, with reasonable diligence, commence to complete or correct the Punch List items, which shall be completed within a reasonable time thereafter not to exceed thirty (30) days. Nothing herein shall be deemed to diminish Landlord’s obligation to make any repairs (including, without limitation, remedying any latent defects in Landlord’s Work) as required by Section 5.1 hereof.

ARTICLE 2

TERM AND CONTINGENCIES

     2.1 TERM. The term of this Agreement shall commence (“Commencement Date”) on the Delivery Date and this Agreement shall continueuntil October 31, 2008, unless sooner terminated in accordance with the provisions of this Lease or the Strategic Alliance Agreement (as defined in Section 8.3 hereof) (hereinafter the “Lease Term”). [NOTE: FOR TERMINATION DATES OF LEASES ENTERED INTO AFTER DECEMBER 31, 2003, REFER TO PARAGRAPH C.4 OF EXHIBIT B TO THE STRATEGIC ALLIANCE AGREEMENT (AS MORE SPECIFICALLY DEFINED IN ss8.3 HEREOF).] When the Commencement Date has been determined as provided in this Section 2.1, Landlord and Tenant shall execute, acknowledge and deliver to each other the written statement attached hereto as Exhibit “D” specifying the Commencement Date, the Rent Commencement Date and the expiration of the Lease Term.

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     2.2. CONTINGENCIES. Tenant’s obligation to lease the Premises is contingent upon, and the Rent and the Lease Term shall not commence until the satisfaction or waiver of the following conditions:

     Tenant, its agents and employees, at their own risk and peril shall have the right to enter the Premises on the Effective Date for purposes of conducting inspections in accordance with this Lease.

ARTICLE 3

RENT; OPTION PERIODS; AND LATE FEE

     3.1 RENT. Commencing the earlier of: (i) the Commencement Date; or (ii) the date that Tenant opens for business to the public in the Premises (“Rent Commencement Date”), Tenant shall pay to Landlord an annual rental (“Rent”) for the Premises during the initial Lease Term of Four Dollars ($4.00) per square foot of interior sales floor area which is approximately twelve hundred (1200) square feet. [NOTE: For the first one hundred and twenty stores, Rent shall not commence until one hundred and twenty days after the Delivery Date.] Rent shall be payable in advance on or before the first (1st) of each month in monthly installments, without abatement (except as provided in Sections 10.2 and 10.3 hereof and other portions of this Lease with specific abatement rights), deduction, or offset. After the Commencement Date, Landlord shall cause its architect to field measure the interior sales floor area of the Premises and prepare a certification of square footage (measuring the square footage of such area from the exterior of exterior walls and the center point of any shared walls); such certification to be in a form reasonably acceptable to Tenant. Appropriate proration of Rent and all other charges payable hereunder shall be made if the Rent Commencement Date is not on the first day of a calendar month, or if the date of termination of the Lease is not on the last day of a calendar month. Tenant shall pay to Landlord together with the payment of Rent, any sales or use tax now or hereafter imposed upon the Rent or any other charges payable by Tenant by the state in which the Premises are located and any agency of the federal government or any local government.

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     All Rent checks shall be forwarded to:

▇▇▇▇’▇ HOME CENTERS, INC.
Attn: Property Management Dept. (REO)
P. O. ▇▇▇ ▇▇▇▇
▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇

     3.2 OPTION PERIODS. Tenant shall have the option and privilege of extending or renewing this Agreement for two (2) additional period(s) of five (5) years each, provided the Strategic Alliance Agreement (as defined more specifically in ss 8.3 hereof) is in effect and has not been terminated or expired or there are no material defaults hereunder. If Tenant shall fail to extend the Lease Term as provided herein, then all further option periods shall automatically terminate and be null and void. Tenant shall, not less than ninety (90) days prior to the expiration of the current term, notify Landlord in writing of its intention to renew this Agreement or exercise said option; otherwise it will be presumed that Tenant has not exercised its option to extend the Lease Term or to renew the Lease Term. In the event Tenant exercises said option period or periods to extend the term of this Agreement, the Agreement shall be under the same terms and conditions as herein set out except that annual Rent shall increase by ten percent (10%) at the beginning of the first option period over the annual Rent that Tenant was paying in the initial Lease Term and thereafter, Rent shall increase by ten percent (10%) at the beginning of each successive option period over the Rent that Tenant was paying for the previous option period. The reference to the Lease Term, shall hereinafter refer to the Lease Term as extended herein.

     3.3 LATE FEE. A late fee of $250.00 shall be due from Tenant to Landlord for all Rent payments received after the tenth (10th) of each month and twelve percent (12%) per annum delinquency charge shall be charged on all Rent or other monetary payments due from Tenant to Landlord for payments in excess of thirty (30) days in arrears.

ARTICLE 4

TAXES

     4.1 TAXES. Landlord shall pay all ad valorem and property taxes on the Real Property (“Real Estate Taxes”). Real Estate Taxes shall exclude any income, excess profits, single business, inheritance, succession, transfer, franchise, capital or other tax assessments upon Landlord or Landlord’s interest in the Premises, fine, penalty, cost or interest for any taxes Landlord failed to timely pay, offsite levies, impact fees or any charges similar to the foregoing. Tenant agrees to reimburse Landlord for its proportionate share (as hereinafter defined) of the Real Estate Taxes assessed for the period from the Commencement Date through the remainder of the Lease Term within thirty (30) days of Tenant’s receipt of a copy of the paid tax receipt. As used in this Lease, Tenant’s proportionate share shall be calculated by taking one and one-half (1.5) times the square feet of the interior sales floor area of Tenant’s Premises as set forth in Section 1.1 (i.e.-approximately 1,800 square feet) and dividing same by the square feet of interior sales floor area of all buildings located on the Real Property.

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ARTICLE 5

IMPROVEMENTS AND REPAIRS; AND TENANT’S PROPERTY

     5.1 IMPROVEMENTS AND REPAIRS. Tenant shall not make structural improvements or structural alterations to the Premises herein leased without obtaining the express prior written consent of Landlord, such consent not to be unreasonably withheld, delayed or conditioned. Tenant shall be permitted to make interior, non-structural alterations to the Premises without Landlord’s consent. Tenant shall also have the right, without obtaining Landlord’s approval to perform renovations to the interior of the Premises to convert the Premises into a NationsRent store in accordance with the Final Plans and Specifications previously approved by Landlord, as modified by space and site limitations. All other alterations shall require the consent of Landlord, which shall not be unreasonably withheld, delayed or conditioned. Landlord shall reasonably cooperate with Tenant and assist Tenant in applying for and securing any permits and licenses which may be necessary in connection with Landlord’s Work and the making of any alterations, additions, changes and repairs and upon request from Tenant, to execute or join in the execution of any application for any such permits or licenses. After completion of Tenant’s alterations of the Premises, Tenant shall provide Landlord with a copy of the as built plans and specifications for such work. Any work, including interior and structural, performed by Tenant shall be done in a good and workmanlike manner. In the event such work results in a claim of lien against Landlord, Tenant shall hold Landlord harmless from such claim of lien or lien. All persons are put on notice of the fact that the Tenant under no circumstances shall have the power to subject the interest of the Landlord in the Premises to any mechanic’s or materialman’s lien or liens of any kind. All persons who hereafter, during the Lease Term, may furnish work, services or materials to the Premises upon the request or order of the Tenant or any person claiming under, by or through the Tenant, must look wholly to the interest of the Tenant and not to that of the Landlord. Tenant covenants and agrees with Landlord that Tenant will not permit or suffer to be filed or claimed against the interest of the Landlord in the Premises during the continuance of this Lease, any lien or liens of any kind by any person claiming under, by, through or against the Tenant; and if any such lien is claimed or filed, it shall be the duty of the Tenant, within sixty (60) days after the claim of lien or suit claiming a lien has been filed, to cause the Premises to be released from such claim, either through payment or through bonding with corporate surety or through the deposit into court, pursuant to statute, of the necessary sums of money, or in any other way that will effect the release of the Landlord’s interest in the Premises from such claim.

     Landlord shall maintain, repair (and replace if required) throughout the Lease Term, the building structure including the floor (except floor coverings), roof (including the ceiling if damaged by leakage), exterior walls, utility lines to the exterior of the Premises, the heating, ventilating and air conditioning system, the fire sprinkler system and any other building systems that are shared between the Premises and the adjacent building occupied by Landlord. Except as provided herein, Tenant shall be responsible for all day to day cleaning, maintenance and repair of the interior of the Premises, including, but not limited to, interior plumbing, interior electrical, fire extinguishers, security system, window glass, interior walls, ceilings and floor coverings, if any (including carpet and tiles), and damage by vandals. Landlord shall perform quarterly maintenance on the heating, ventilation and air conditioning units servicing the Premises and Tenant shall reimburse Landlord for such maintenance within forty-five (45) days of receipt of an invoice for same. Landlord shall reasonably comply with all presently existing and future laws, codes, regulations and other governmental requirements, including without limitation the Americans With Disabilities Act requiring changes, alterations or improvements to the Premises, unless such legal requirement is solely and directly necessitated by Tenant’s particular manner of use or occupancy of the Premises. Landlord shall promptly give notice to Tenant of any written notice in respect of the Premises from governmental authorities. Tenant may, in good faith, dispute the validity of any complaint or action taken pursuant to or under color of any of the foregoing, defend against the same, and in good faith diligently conduct any necessary proceedings to prevent and avoid any adverse consequence of the same (provided that Tenant shall not commence any litigation against a governmental authority with respect to laws, codes, regulations and other governmental requirements without first obtaining Landlord’s prior written approval, which shall not be unreasonably withheld, delayed or conditioned).

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     5.2. TENANT’S PROPERTY. The improvements which are placed on the Premises by Tenant and which are made a permanent part of said Premises shall become the property of Landlord. Any personal property, equipment, furniture, trade fixtures, inventory, construction equipment, trademarked items, exterior channel letter signs, exterior wall mount signs, designation panels on the monument or pylon signs (if any), all interior signage, pallet racking, wash bay, storage trailer located in the NationsRent Storage Area, counters, shelving, showcases and other movable trade fixtures installed in or on the Premises by Tenant (collectively, “Tenant’s Property”), shall remain the property of Tenant. Landlord agrees that Tenant shall have the right, at any time and from time to time, to remove any and all of Tenant’s Property. Tenant, at its expense, shall immediately repair any damage occasioned by the removal of Tenant’s Property. Tenant shall pay before delinquency all license fees and public charges levied, assessed or imposed upon its business operation in the Premises as well as upon Tenant’s Property. From time to time, some or all of Tenant’s Property may be financed or owned by someone other than Tenant. To the extent that any of Tenant’s Property is financed or owned by someone other than Tenant, Landlord agrees that such Tenant’s Property is not Landlord’s property no matter how the same is affixed to the Premises or used by Tenant and agrees to recognize the rights of the lender or owner of Tenant’s Property. Landlord waives any claim arising by way of any Landlord’s lien (whether created by statute or by contract) or otherwise with respect to Tenant’s Property and agrees to sign and deliver to any lender, secured creditor or lessor a waiver of any lien Landlord may have on Tenant’s Property if required by such lender, secured creditor or lessor. Tenant shall have the absolute right from time to time during the Term hereof and without Landlord’s further approval, written or otherwise, to grant a security interest in Tenant’s interest in this Lease or in Tenant’s Property in connection with Tenant’s general credit facility as same is amended, renewed or replaced from time to time.

ARTICLE 6

USE; ENVIRONMENTAL; COTENANCY; AND EXCLUSIVE USE

     6.1 USE . In an attempt to provide a planned, unified commercial development on the Real Property it is expressly agreed that the Premises may only be used for the operation of an equipment rental, leasing and sales facility and any similar uses directly related thereto, including, but not limited to, the business of renting, selling, leasing, distributing, storing (indoor and outdoor), limited servicing new or used equipment, spare parts and related supplies to industrial, manufacturing and construction customers and related general office use. Tenant shall open and operate its equipment rental, leasing and sales facility in the Premises during the same days and similar hours as Landlord’s Retail Facility. Tenant shall not make any use of the Premises which is in violation of any governmental laws, rules or regulations insofar as they relate to Tenant’s use and occupancy of the Premises. If at any time during the Lease Term, the zoning use applicable to the Premises should be changed in such a manner as to require Tenant to cease operating at the Premises or to preclude the use and operation of an equipment rental facility on the Premises, then Tenant may, in addition to all other rights and remedies, terminate this Lease by giving Landlord thirty (30) days written notice thereof and in such event Tenant shall be relieved of all liability from and after the date of termination, (except for any indemnities specifically surviving such termination). For purposes of Section 365 of the Bankruptcy Code (11 U.S.C. ss 365), the parties agree that the Real Property constitutes a planned, unified commercial development or “shopping center”.

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     6.2 ENVIRONMENTAL. Tenant shall not use the Premises for the storage, use, treatment, or disposal of any Hazardous Materials (defined herein) except in compliance with Environmental Laws (defined herein). As used herein, the term “Hazardous Materials” shall mean any substance or material defined or designated as hazardous or toxic waste, hazardous or toxic material, a hazardous or toxic substance, or other similar term, including, without limitation, asbestos containing materials, by any federal, state or local environmental health, safety or similar laws, statutes, rules, regulations or ordinances presently in effect or which may be promulgated in the future, as such laws, statutes, rules, regulations and/or ordinances may be supplemented or amended from time to time (collectively, “Environmental Laws”). Tenant agrees to indemnify, defend and hold Landlord and its officers, partners, directors, shareholders, employees and agents harmless from any Costs (defined below) which arise during or after the Term in connection with the presence of Hazardous Materials in the soil, groundwater, or soil vapor on or under the Premises caused by the acts of Tenant, its employees, invitees, contractors or agents; provided that this indemnification shall not include consequential damages or lost profits. Without limiting the generality of the foregoing, this indemnification shall survive the expiration and/or termination of this Lease regardless of cause.

     Landlord agrees to indemnify, defend and hold Tenant and its officers, partners, directors, shareholders, employees and agents harmless from any claims, judgments, damages, fines, penalties, costs (including attorney, consultant and expert fees actually incurred), liabilities (including sums paid in settlement of claims) or losses, investigation of site conditions or any cleanup, remedial, removal or restoration work required by any federal, state or local governmental agency or political subdivision (collectively, “Costs”) in connection with the presence of Hazardous Materials in the soil, groundwater, or soil vapor on or under the Real Property either existing prior to the Delivery Date (“Pre-existing Conditions”) or caused by Landlord, its employees, invitees, agents or contractors provided that this indemnification shall not include (i) consequential damages or lost profits or (ii) costs asserted by employees or invitees of Tenant relating to Pre-existing Conditions. Without limiting the generality of the foregoing, this indemnification shall survive the expiration or earlier termination of this Lease regardless of cause. If during the Lease Term, any governmental authority requires the investigation, remediation and/or monitoring of Hazardous Materials at the Real Property and such investigation, remediation and/or monitoring materially and adversely affects Tenant’s business operations or poses a safety threat to Tenant’s employees or customers, then Tenant shall be entitled to receive an equitable abatement of Rent from the date such interference or safety hazard occurs to the date such interference and safety hazard are no longer present. However, in the event that such material and adverse affect on Tenant’s business operations or safety hazard continues for more than ninety (90) days, Tenant shall be entitled to terminate this Lease upon written notice to Landlord.

     6.3 CO-TENANCY. Notwithstanding anything to the contrary, the Commencement Date shall not occur, nor shall Tenant be obligated to pay Rent or any other charges hereunder until Landlord, operating as “Lowe’s” has opened and is operating for business in its entire premises on the Real Property. If Lowe’s vacates or ceases business operations in its premises for any reason whatsoever (other than temporary discontinuances not to exceed one hundred and twenty (120) days for remodeling, alterations or restoration work), then either party may terminate this Lease, whereupon the parties shall be released from all liability hereunder except for any indemnities specifically surviving this Lease. Should Landlord intend to cease operations, Landlord shall provide Tenant with thirty (30) days prior written notice of same.

     6.4 EXCLUSIVE USE. During the Lease Term, Landlord shall not, nor shall Landlord permit any other owner, tenant or other occupant of the Real Property (other than Tenant) to operate an equipment rental facility or to rent equipment, except that Landlord shall be entitled to rent the equipment as provided from time to time more specifically described in the Strategic Alliance Agreement.

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ARTICLE 7

COMMON AREAS

     7.1 COMMON AREAS. Landlord shall make available (or use commercially reasonable efforts to cause to be made available) throughout the Lease Term such “Common Areas” (including, but not limited to, parking areas, driveways, truck ways, service drives, service areas, delivery passages, truck-loading areas, access and egress roads, walkways, footbridges, landscaped and planted areas and public rest rooms) as may be shown on the Site Plan or which are otherwise available for the non-exclusive use of the occupants of the Real Property. Landlord shall (or shall use commercially reasonable efforts to cause the same to be done) operate, manage, equip, light, repair, replace and maintain the Common Areas for their intended purposes in compliance with all laws. In no event shall use of the Common Areas be conditioned upon payment of parking charges. Tenant and its officers, employees, agents, customers and invitees shall have and Landlord hereby grants a non-exclusive easement (in common with subtenants, licensees, the other occupants of the Real Property and their employees, agents, customers and invitees) to use the Common Areas for the intended purposes (e.g., parking, access, ingress and egress). Tenant shall also have the right to use Landlord’s trash receptacle inside Landlord’s Retail Facility and Landlord shall provide Tenant with reasonable access to same during Landlord’s regular business hours. Tenant shall pay Landlord, within thirty (30) days after receiving written notice, annually each year (and commencing within one year after the Commencement Date), $1200.00 representing reimbursement to Landlord for the reasonable costs and expenses incurred by Landlord during each year of the Lease Term in operating, repairing, maintaining and insuring the Common Areas of the Real Property.

ARTICLE 8

TENANT DEFAULT; LANDLORD DEFAULT; AND STRATEGIC ALLIANCE AGREEMENT

     8.1 TENANT DEFAULT. It is expressly agreed that if: (i) Tenant shall neglect to make any payment of Rent when due or any other charges when due hereunder and shall remain in default for a period of fifteen (15) days after written notice of same from Landlord (except that with respect to the first payment of Rent due hereunder, such time period shall be forty-five (45) days in order to permit Tenant to set up payments within Tenant’s accounting system) or (ii) Tenant shall fail to perform any matter or thing herein agreed to be done and performed by Tenant for a period of thirty (30) days after written notice of same from Landlord (or such longer period as may be reasonably necessary to correct such default if within such thirty (30) day period Tenant shall commence cure of such default and thereafter diligently pursue correction thereof) beyond any applicable notice or cure period provided therein (each of (i) and (ii) hereinafter being referred to as a (“Tenant Default”); then in any such events, Landlord may thereupon declare Tenant’s rights of possession canceled and take possession of the Premises without prejudice to any other legal remedy it may have on account of such default to collect Rent from Tenant for the remainder of the term of this Agreement.

     In any action by Landlord against Tenant that arises under this Lease, Landlord shall attempt to mitigate damages by using commercially reasonable efforts to seek to relet the Premises. Notwithstanding anything to the contrary, in no event shall Landlord have the right to accelerate the Rent and other amounts payable hereunder, or ▇▇▇ Tenant for any consequential, punitive or incidental damages including, without limitation, any claims for lost profits and/or lost business opportunity.

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     8.2 LANDLORD DEFAULT. If Landlord shall fail to make any payment hereunder for more than thirty (30) days after Landlord receives notice of such failure from Tenant, if Landlord’s representations and warranties in this Lease fail to be true and correct, or if Landlord shall violate, neglect or fail to perform or observe any covenant, condition, representation, warranty or agreement or provision contained herein within thirty (30) days after receipt by Landlord of written notice of such failure (or such longer period as may be reasonably necessary to correct such default if within such thirty (30) day period Landlord shall commence cure of such default and thereafter pursue correction thereof then such failure shall constitute an “Landlord Default” hereunder. The foregoing notice and cure periods shall not be applicable to specific Lease provisions that provide Tenant with specific rights for Landlord Defaults. Notwithstanding the foregoing, if in Tenant’s reasonable judgment, an emergency shall exist, Tenant may cure such default with only reasonable (under the circumstances) notice to Landlord being required. Upon the occurrence and continuance of an Landlord Default, Tenant may, at its option and without any obligation to do so, elect to terminate and cancel this Lease, withhold payment or performance under the Lease until such time as such Landlord Default is cured, cure such Landlord Default and set off against the Rent such amounts expended by Tenant in connection with such cure or, pursue any other remedy now or hereafter available at law or in equity in the state in which the Premises are situated. The self-help option given to Tenant in this Section is for the sole protection of Tenant, and its existence shall not release Landlord from its obligation to perform the terms, provisions, covenants and conditions herein provided to be performed by Landlord or deprive Tenant of any legal rights which it may have by reason of any such default by Landlord.

     8.3 STRATEGIC ALLIANCE AGREEMENT. If either party shall fail to cure an event of default under that certain Strategic Alliance Agreement dated as of October ___, 2000 by and between ▇▇▇▇’▇ Companies, Inc. and NationsRent, Inc., (“Strategic Alliance Agreement”) within the applicable notice and cure periods as may be set forth therein, then the non-breaching party shall have the rights and remedies as set forth in the Strategic Alliance Agreement for such event of default.

ARTICLE 9

LIGHTS, HEAT, WATER AND SEWER

     9.1 LIGHTS, HEAT, WATER AND SEWER. During the Lease Term, Tenant shall pay for all electric, heat and air conditioning system (“HVAC”), water, sewer and other utility charges accruing by reason of Tenant’s use of the Premises. To the extent reasonably possible, the HVAC, water, electric and sprinklers shall be sub-metered by Landlord, at its sole cost and expense and Landlord shall cooperate with Tenant in connection with same. If any interruption in utility service was caused by the acts or omissions of Landlord, its agents, employees or contractors then there shall be an abatement of Rent and all other charges payable by Tenant hereunder on a per diem basis for the period that the interruption continues. Tenant shall have the right upon obtaining Landlord’s prior written approval (which shall not be unreasonably withheld, delayed or conditioned), throughout the Lease Term, to install, replace, maintain and use such additional utility lines, conduits and facilities to service the Premises. In connection with installing any such utilities, Tenant agrees that same shall be run through Landlord’s Retail Facility (and not through the parking lot).

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ARTICLE 10

INSURANCE; FIRE OR OTHER CASUALTY; EMINENT
DOMAIN; INDEMNITY BY LANDLORD; AND INDEMNITY BY TENANT

     10.1 INSURANCE.

     (a) Landlord agrees to obtain and maintain, at its expense, during the Term of this Lease, (and Tenant agrees to obtain and maintain, at its expense, during the Term of this Lease from and after the Delivery Date) the following policies of insurance from companies reasonably satisfactory to the other and containing provisions adequate to fully protect both parties from and against all expenses, claims, actions, liabilities and losses related to the subjects covered by the policies of insurance set forth below:

          (i) Worker’s Compensation Insurance covering all costs, benefits and liability in accordance with the applicable state’s worker’s compensation and similar laws which may accrue in favor of any person employed by the parties; and, employer’s liability insurance with a limit of not less than One Million Dollars ($1,000,000.00);

          (ii) Comprehensive General Liability Insurance (including contractual liability coverage) in an amount not less than $2,000,000.00 combined single limit for bodily injury and property damage liability each occurrence;

          (iii) Motor Vehicle Liability Insurance with an Employer’s Non-Ownership Liability Endorsement in the other party’s name covering all vehicles used by the parties in connection with the Premises in an amount not less than One Million Dollars ($1,000,000.00) combined single limit for bodily injury and property damage each occurrence; and,

     All policies of insurance provided in subparagraph (a) above shall expressly provide that they shall (i) not be subject to material change or cancellation without at least thirty (30) days prior written notice to the other party, (ii) contain a waiver of subrogation in favor of the other party (when permitted by applicable state law); and (iii) name the other party as an additional insured.

     (b) From and after the Delivery Date, Tenant shall also carry insurance against loss or damage by fire and other risks covered by fire insurance with extended coverage endorsements in an amount of the insurable replacement for the Premises, including all property, equipment and merchandise located therein. Such insurance shall be written by a company of recognized good financial standing which is authorized to engage in the insurance business in the state where the Premises are located. Landlord shall also carry insurance against loss or damage by fire and other risks covered by fire insurance with extended coverage endorsements in an amount of the insurable replacement for the Landlord’s Retail Facility, including all property, equipment and merchandise located therein. Tenant shall name Landlord and its mortgagee if any, as an additional insured on such insurance coverage. All policies of insurance provided in subparagraph (b) above shall expressly provide that they shall not be subject to material change or cancellation without at least thirty (30) days prior written notice to the other party and contain a waiver of subrogation in favor of the other party (when permitted by applicable state law).

     (c) Landlord shall furnish to Tenant, on or before the Effective Date (and Tenant shall furnish to Landlord on or before the Delivery Date) or thereafter, within ten days of written request, a Certificate of Insurance evidencing the insurance coverages it is required to carry. The parties may carry any insurance under this Article 10 under blanket insurance policies.

     (d) Tenant acknowledges and agrees that Landlord may self insure or carry a deductible in the insurance coverage required hereunder of Two Hundred and Fifty Thousand Dollars ($250,000.00) or such greater amount as Landlord may elect so long as Landlord or Landlord’s parent’s company’s net worth as determined by generally accepted accounting principles exceeds One Hundred Million Dollars ($100,000,000.00).

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     (e) From and after the date of commencement of construction of Landlord’s Work and through the completion of construction, Landlord shall procure, at its sole cost and expense, a builder’s risk policy upon all buildings and site improvements on the Real Property in an amount equal to the full replacement value of such buildings and site improvements (or Landlord at its sole option may elect to self insure such improvements as provided in this Section 10.1(d) above). If during construction of Landlord’s Work, any or all of the Premises shall be damaged or destroyed by fire or other casualty, Landlord shall forthwith proceed to repair such damage in accordance with the Final Plans and Specifications.

     10.2 FIRE OR OTHER CASUALTY. From and after the Delivery Date, if any or all of the Premises shall be damaged or destroyed by fire or other casualty, Tenant shall forthwith proceed to repair such damage and restore the Premises to substantially their condition at the time of such damage or, at Tenant’s option, Tenant shall repair, rebuild and restore the Premises in accordance with such plans and specifications as are then generally in use by Tenant for the construction of Tenant’s prototypical stores and related structures so long as the repaired, rebuilt or replaced Premises will have a value not less than its value just prior to said loss, except Tenant, at its sole cost and expense, shall repair and restore whatever fixtures, equipment and other personalty it had installed prior to the damage or destruction.

     Notwithstanding the foregoing, if the Premises shall be “substantially damaged” (as hereinafter defined) or destroyed by fire or other casualty at any time during the Lease Term, then Tenant shall have the right to terminate this Lease. If there shall be a fire or other casualty to Landlord’s Retail Facility (whether same shall be partially or substantially damaged) and Landlord does not rebuild Landlord’s Retail Facility, then either party shall have the right to terminate this Lease. In the case of damage or destruction to Landlord’s Retail Facility, Landlord shall provide Tenant written notice within a reasonable time as to whether it intends to rebuild Landlord’s Retail Facility. In connection with any termination right hereunder, each party agrees to give the other party written notice of termination not later than sixty (60) days after such damage or destruction (or in the case of damage or destruction to Landlord’s Retail Facility, Tenant shall provide such notice to Landlord within sixty (60) days of Tenant’s receipt of Landlord’s written notice as to whether Landlord intends to rebuild). Upon such termination, the parties shall be relieved of all liability hereunder except for indemnities that specifically survive termination or expiration of the Lease. The term “substantially damaged” as used in this Article, shall mean that the Premises or the rest of the improvements on the Real Property have been damaged to the extent that the cost of restoration of the Premises and/or the rest of the improvements on the Real Property (as the case may be) will exceed a sum constituting fifty percent (50%) of the total replacement cost of the Premises or the improvements on the Real Property (as the case may be). Should the Lease be terminated pursuant to this section, then Landlord shall be entitled to all insurance proceeds and right of recovery against insurers covering damage.

     Rent and all other charges specified in this Lease shall be abated or reduced proportionately during any period in which, by reason of such damage or destruction, there is interference with the operation of the business of Tenant in the Premises, having due regard to the extent to which Tenant may be required to discontinue its business in the Premises, and such abatement or reduction shall continue for the period commencing with such destruction or damage and ending with the completion of such work of repair and/or restoration. In the event of the termination of this Lease pursuant to this Article 10, this Lease, and the Lease Term, shall cease and come to an end as of the date of such damage or destruction. Any Rent or other charges paid in advance by Tenant shall be promptly refunded by Landlord. It is further understood and agreed that, at Tenant’s election, the Lease Term shall be extended by up to the number or days, if any, during which business shall not have been conducted in the Premises by reason of such damage or destruction.

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     10.3 EMINENT DOMAIN. In the event of: (i) a taking of the entire Premises, or a substantial portion as would render the balance of the Premises not suitable for Tenant’s then current use; or (ii) a taking of all or any portion of Landlord’s Retail Facility, which results in Landlord permanently ceasing operations on such Real Property, then this Lease may be terminated at the option of either party. Such option shall be exercised by giving written notice of such termination within sixty (60) days after such taking or conveyance, whereupon this Lease shall forthwith terminate and the Rent shall be duly apportioned as of the date of such taking or conveyance. Upon such termination, Tenant shall surrender to Landlord the Premises and all of Tenant’s interest therein under this Lease, and Landlord may re-enter and take possession of the Premises or remove Tenant therefrom. The taking of any portion of the building located on the Premises, fifteen percent (15%) of the then existing parking area, or the loss or adverse change in rights of access or ingress and egress as then established shall be considered a substantial taking as would render the Premises not suitable for Tenant’s then current use. In the event of a taking of less than the entire Premises or less than a substantial portion as would render the balance of the Premises not suitable for Tenant’s then current use, this Lease shall continue in full force and effect. Landlord shall promptly perform any repair or restoration work reasonably required to restore the Premises, insofar as possible, to its former condition, and the Rent owing hereunder shall be adjusted, if necessary, in such just manner and proportion as the part so taken (and its effect on Tenant’s ability to use the remainder of the Premises) bears to the whole. In the event of taking or conveyance as described herein, Landlord shall receive the award or consideration for the lands and improvements so taken; provided, however, that Landlord shall have no interest in any award made for Tenant’s loss of business or value of its leasehold interest or for the taking of Tenant’s fixtures or property, or for Tenant’s relocation expenses. Tenant shall have the option to perform such restoration and Landlord shall upon Tenant’s election provide the whole of such award or such portion thereof as may be necessary for Tenant to accomplish the restoration. Landlord and Tenant shall cooperate with one another in making claims for condemnation awards.

     10.4 INDEMNITY BY LANDLORD. Landlord shall indemnify, protect, defend and hold Tenant and its agents and employees harmless from and against all damages, suits, loss, costs, expenses, claims, causes of action, liabilities, and injuries, including without limitation reasonable attorney’s, consultant’s and expert’s fees actually incurred and costs and litigation expenses relating or resulting from personal injuries, bodily injuries (including death) and from injury or destruction to tangible property (i) occurring on the Premises as a result of the acts or omissions of Landlord, its contractors, agents or employees, (ii) occurring in all other portions of the Real Property outside of the Premises, except to the extent caused by the negligence or intentional acts or omissions of Tenant or its agents, contractors or employees, or (iii) occurring as a result of a breach by Landlord of any of its obligations hereunder. Landlord shall, at its own expense, defend all actions brought against Tenant, its agents or employees, for which Landlord is or may be responsible for indemnification hereunder, with legal counsel reasonably acceptable to Tenant and if Landlord fails to do so, Tenant (at its option, but without being obligated to do so) may, at the expense of Landlord and upon notice to Landlord, defend such actions, and Landlord shall pay and discharge any and all judgments that arise therefrom. The provisions of this Section 10.4 shall survive the expiration or earlier termination of this Lease.

     10.5 INDEMNITY BY TENANT. Tenant shall indemnify, protect, defend and hold Landlord and its agents and employees harmless from and against all damages, suits, loss, costs, expenses, claims, causes of action, liabilities, and injuries, including without limitation reasonable attorney’s, consultant’s and expert’s fees actually incurred and costs and litigation expenses relating or resulting from personal injuries, bodily injuries (including death) and from injury or destruction to tangible property during the Lease Term from and after the Delivery Date (i) occurring on the Premises as a result of the acts or omissions of Tenant, its contractors, agents or employees, (ii) occurring in all other portions of the Real Property outside of the Premises caused by the negligence or intentional acts or omissions of Tenant or its agents, contractors or employees, or (iii) occurring as a result of a breach by Tenant of any of its obligations hereunder. Tenant shall, at its own expense, defend all actions brought against Landlord, its agents or employees, for which Tenant is or may be responsible for indemnification hereunder, with legal counsel reasonably acceptable to Landlord and if Tenant fails to do so, Landlord (at its option, but without being obligated to do so) may, at the expense of Tenant and upon notice to Tenant, defend such actions, and Tenant shall pay and discharge any and all judgments that arise therefrom. The provisions of this Section 10.5 shall survive the expiration or earlier termination of this Lease.

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ARTICLE 11

ASSIGNMENT AND SUBLETTING

     11.1 ASSIGNMENT AND SUBLETTING. Tenant shall not have the right to assign this Lease, sublet the Premises or otherwise transfer its interest in this Lease to any person or entity except as may be provided in the Strategic Alliance Agreement, with the exception that Tenant may sublet to a NationsRent franchisee with Lowe’s prior written approval, such approval not to be withheld unreasonably. Notwithstanding the foregoing, Tenant shall have the right to assign this Lease to any company that is controlled by or under the common control of Tenant.

ARTICLE 12

MISCELLANEOUS PROVISIONS

     12.1 COVENANT OF QUIET ENJOYMENT. Landlord hereby stipulates and agrees that it is the owner in fee simple of the Premises [ALTERNATE FOR SUBLEASE: that it has good and indefeasible leasehold title] and that the same is free and clear of all encumbrances whatsoever. Landlord further covenants and agrees with Tenant that Tenant shall have the quiet enjoyment of Premises during the Lease Term, free from the adverse claims of all persons, firms and corporations whatsoever and Landlord will protect Tenant in the full, complete and absolute possession of the Premises and every part thereof from such claims arising by, through or under Landlord.

     12.2 SUCCESSORS AND ASSIGNS. The covenants, conditions and agreements in this Lease shall bind and inure to the benefit of Landlord and Tenant and, except as otherwise provided in this Lease, their respective heirs, devisees, executors, administrators, legal representatives, distributees, successors and assigns.

     12.3 NOTICES. All notices, requests, demands or other communications which may be or are required or permitted to be served or given hereunder (in this Section collectively called “Notices”) shall be in writing and shall be sent by registered or certified mail, return receipt requested, postage prepaid, or by a nationally recognized overnight delivery service to Tenant or to Landlord at the addresses set forth below. Either party may, by Notice given as aforesaid, change its address for all subsequent Notices. Notices shall be deemed given when received in accordance herewith.

     To Tenant:

NationsRent, Inc.
Las Olas Centre, Suite 1400
▇▇▇ ▇▇▇▇ ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇
▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇
Attn: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇, Vice President of Real Estate and Construction
Phone- (▇▇▇) ▇▇▇-▇▇▇▇
Fax No.- (▇▇▇) ▇▇▇-▇▇▇▇

     With copies to:

NationsRent, Inc.
Attn: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇, Esq., Vice President and General Counsel
at same address

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     and

Akerman, Senterfitt & ▇▇▇▇▇▇, P.A.
Las Olas Centre II, Suite 1600
▇▇▇ ▇▇▇▇ ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇
▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇-▇▇▇▇
Attn: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇, Esq.

     To Landlord:

▇▇▇▇’▇ Home Centers, Inc.
Attn: Property Management (REO)
▇.▇. ▇▇▇ ▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
(▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇▇▇ ▇▇▇▇ 28659)
Phone — 336/▇▇▇-▇▇▇▇
Fax No. — 336/▇▇▇-▇▇▇▇

▇▇▇▇’▇ Home Centers, Inc.
Attn: Law Department
▇.▇. ▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
(Highway 268 East, East Dock 28659)
Phone — 336/▇▇▇-▇▇▇▇
Fax No. — 336/▇▇▇-▇▇▇▇

     12.4 RETURN OF PREMISES. Tenant shall return the Premises to Landlord at the termination of this Agreement in a broom-clean condition and in a good state of repair with all systems that Tenant was required to maintain under this Lease in good working order, reasonable wear and tear, casualty and condemnation excepted.

     12.5 WAIVER OF SUBROGATION. Landlord and Tenant hereby release each other, to the extent of their insurance coverage, from any and all liability for any loss or damage caused by fire or any of the extended coverage casualties or any other casualty insured against or required to be insured hereunder, even if such fire or other casualty shall be brought about by the fault or negligence of the other party, or any persons claiming under such other party; provided, however, this release shall be in force and effect only with respect to loss or damage occurring during such time as the releasor’s policies of fire and extended coverage insurance shall contain a clause to the effect that this release shall not affect such policies or the right of the releasor to recover thereunder. Landlord and Tenant agree to include in their casualty insurance policies a clause permitting this release, so long as the same is obtainable and is includible without extra cost, or if such extra cost is chargeable therefore, so long as the other party pays such extra cost. If extra cost is chargeable therefore, each party will advise the other thereof and of the amount thereof, and the other party, at its election, may pay the same but shall not be obligated to do so. Except as provided above, nothing contained in this Agreement shall be deemed to release either party hereto from liability for damages resulting from the fault or negligence of that party or its agents, contractors or employees.

     12.6 SIGNAGE. Subject to compliance with local codes and ordinances, Tenant shall be entitled to install and maintain the identification signs on the exterior of the Premises as shown on the prototypical sign exhibit attached as an exhibit to the Strategic Alliance Agreement. Landlord shall not construct or permit construction (to the extent same may be controlled by Landlord) of any improvements on the Real Property that would have a material adverse affect on the visibility of Tenant’s signage hereunder or the Premises. Tenant shall also have the right to erect, maintain and install its usual and customary signs and fixtures in the interior of the Premises. If there is a pylon or monument sign located on the Real Property (or if one is hereafter erected) and if there are empty panels on the pylon or monument sign, then Landlord agrees (to the extent that Landlord has control over the pylon or monument sign or has the ability to agree to same) that Tenant, at its sole cost and expense shall have the right to erect its designation panel on such pylon or monument sign in a position and size reasonably satisfactory to the parties. All such signage shall be erected by Tenant at its sole cost and expense and in compliance with applicable law. Tenant shall coordinate placement of its designation panel on the pylon or monument sign with Landlord and Landlord shall have the right to approve the plans and specifications therefor, which approval shall not be unreasonably withheld, delayed or conditioned.

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     12.7 MISCELLANEOUS. Headings of paragraphs are for convenience only and shall not be considered in construing the meaning of the contents of such paragraph. If any term, covenant, or condition of this Agreement or the application thereof to any person or circumstance shall to any extent be invalid or unenforceable, the remainder of this Agreement, or the application of such term, covenant or condition to persons or circumstances other than those as to which it is held invalid or unenforceable, shall not be affected thereby and each term, covenant, or condition of this Agreement shall be valid and be enforced to the fullest extent permitted by law. Should Landlord or Tenant institute any legal proceedings against the other for breach of any provisions herein contained, the prevailing party in such action shall in addition be entitled to recover its costs and expenses from the losing party including its reasonable attorney fees actually incurred. The parties agree that in the event of litigation, trial by jury shall be waived. The singular shall include the plural, and the masculine or neuter shall include the other. The failure to enforce any particular provision of this Agreement on any particular occasion shall not be deemed a waiver by either party of any of its rights hereunder, nor shall it be deemed to be a waiver of subsequent or continuing breaches of that provision. This Lease may be executed in counterparts for the convenience of the parties. Each party represents to the other that they have not dealt with a broker in connection with this Lease. This Lease shall be governed and construed in accordance with the laws of the state where the Premises are located. Time is of the essence. If either party to this Lease, as the result of any (i) strikes, lockouts or labor disputes, (ii) inability to obtain labor or materials or reasonable substitutes therefor, (iii) acts of God, governmental action, condemnation, civil commotion, fire or other casualty, or (iv) other conditions similar to those enumerated herein beyond the reasonable control, other than financial, of the party obligated to perform, fails punctually to perform any obligation on its part to be performed under this Lease, then such failure shall be excused and not be a breach of this Lease by the party in question, but only to the extent occasioned by such event. If any right or option of either party to take any action under or with respect to this Lease is conditioned upon the same being exercised within any prescribed period of time or at or before a named date, then such prescribed period of time and such named date shall be deemed to be extended or delayed, as the case may be, for a period equal to the period of the delay occasioned by any event described above. Landlord and Tenant believe that this Lease is the product of their joint efforts and that it expresses their agreement, and that it should not be interpreted against either Landlord or Tenant merely because of their efforts in its preparation.

     12.8 WHOLE AGREEMENT. This written instrument together with the Strategic Alliance Agreement constitutes the entire agreement between the parties, and no verbal or other type agreement shall be binding. Any alteration of this Agreement, as may be made from time to time, shall be in writing and shall be signed by all the parties hereto or by their respective agents.

     12.9 HOLDOVER BY TENANT. In the event Tenant remains in possession of the Premises after the expiration of this Lease, and without the execution of a new lease, then Tenant shall be deemed to be occupying the Premises as a tenant at will, at two hundred percent (200%) of the Rent that was payable by Tenant during the last month of the Lease Term, subject to all the other conditions, provisions and obligations of this Lease, insofar as the same are applicable to such tenancy.

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     12.10 ESTOPPEL CERTIFICATES. Landlord and Tenant agree at any time and from time to time, upon not less than thirty (30) days’ prior written request by either of them to the other, to execute, acknowledge and deliver to the requesting party a statement in writing certifying that this Lease is unmodified and in full force and effect (or, if there have been modifications, that the same is in full force and effect as modified, and stating the modifications), and the date to which the Rent and other charges have been paid in advance, if any, and whether or not any defaults are in existence as of the date of said statement, it being intended that any such statement delivered pursuant to this Section may be relied upon by any prospective purchaser of the fee, or leasehold, or mortgagee or assignee of any mortgage upon the fee or leasehold interest in the Premises, or by any assignee of Tenant.

     12.11 SUBORDINATION, NON-DISTURBANCE AND ATTORNMENT. Tenant shall, upon Landlord’s request, subordinate this Lease in the future to any first lien placed by Landlord upon the Premises, or the Real Property or building of which the Premises forms a part, with an institutional first mortgagee, provided that such lender executes and delivers to Tenant a non-disturbance agreement in form reasonably acceptable to Tenant, providing that this Lease shall not terminate, so long as Tenant is not in default under this Lease, as a result of the foreclosure of such lien, or conveyance in lieu thereof, and Tenant’s rights under this Lease shall continue in full force and effect and its possession shall be undisturbed, except in accordance with the provisions of this Lease. Tenant will, upon request of the lien holder, be a party to such an agreement, and will agree that, if such lien holder succeeds to the interest of Landlord, Tenant will recognize said lien holder (or successor in interest of the lien holder) as its landlord under the terms of this Lease.

     12.12 SATELLITE DISH. Landlord hereby grants Tenant the right to install, maintain and replace from time to time a satellite dish or similar antennae device (hereinafter “Satellite Dish”) on the roof of the Premises (or if elected by Landlord or necessary for better reception, on the roof of Landlord’s Retail Facility) for Tenant’s sole and exclusive use, subject to the following: (a) applicable governmental laws; (b) the right of Landlord to supervise any roof penetrations; and (c) compliance with the conditions of any roof bond maintained by Landlord on the Premises. Tenant shall be responsible for the repair of any damage to any portion of the Premises caused by Tenant’s installation, use or removal of the Satellite Dish. The Satellite Dish shall remain the exclusive property of Tenant, and Tenant shall have the right to remove same at any time during the Lease Term. Tenant shall protect, defend, indemnify and hold harmless Landlord from and against any and all claims, damages, liabilities, costs or expenses of every kind and nature (including without limitation reasonable attorney fees actually incurred) imposed upon or incurred by or asserted against Landlord arising out of Tenant’s installation, maintenance, use or removal of the Satellite Dish.

[INSERT FOR SUBLEASES]:

     12.13 PRIME LEASE. Tenant acknowledges that this Lease is subject and subordinate to the Prime Lease; provided, however, that Landlord shall deliver to Tenant a Consent, Estoppel and Non-Disturbance Agreement in a form reasonably acceptable to Tenant (the “Prime Landlord Non-Disturbance Agreement”) executed by Landlord and the Prime Landlord on or before the Delivery Date. If Landlord shall not have obtained the Prime Landlord Non-Disturbance Agreement on or before the Delivery Date, then at any time thereafter, but prior to Landlord having obtained the Prime Landlord Non-Disturbance Agreement, Tenant shall have the right to terminate this Lease by giving Landlord written notice thereof.

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     Landlord represents and warrants to Tenant that:

     (a) The Prime Lease is in full force and effect, and that no default exists (nor is there any fact or condition which with notice or lapse of time may become a default) thereunder, and that all Rent payments under the Prime Lease are current;

     (b) Landlord shall not amend, modify or terminate the Prime Lease, or fail to exercise any option or right thereunder, or grant its consent where required thereunder, to the extent that same would adversely affect Tenant’s rights and entitlements under this Lease or its use or enjoyment of the Premises, without Tenant’s prior written consent;

     (c) Landlord shall not violate or breach any of the material terms, covenants or agreements on its part to be performed under the Prime Lease that would adversely affect Tenant’s rights under this Lease or Tenant’s business or operations on the Premises;

     (d) Landlord shall promptly, upon written request of Tenant, use its reasonable efforts to enforce the full compliance by the Prime Landlord of its obligations under the Prime Lease to the extent that same affects Tenant’s use and enjoyment of the Premises;

     (e) Should Landlord purchase the Premises, then this Lease shall continue as a direct lease between Landlord and Tenant on the terms and conditions contained in this Lease; and

     (f) Landlord shall indemnify, protect, defend and hold Tenant and its agents, employees and directors harmless from and against any and all damages, suits, loss, costs, expenses, claims, causes of action, liabilities, including, without limitation, reasonable attorneys’ fees actually incurred and costs and litigation expenses relating or resulting from (i) termination of the Prime Lease for any reason other than Tenant’s default thereunder (and all damages, suits, loss, costs, expenses, claims, causes of action, liabilities and attorneys’ fees actually incurred by Tenant in connection with any such termination), or (ii) breach by Landlord of any of its obligations under the Prime Lease. Landlord shall, at its own expense, defend all actions brought against Tenant, its agents or employees, for which Landlord is responsible for indemnification hereunder, with legal counsel reasonably acceptable to Tenant and, if Landlord fails to do so, Tenant (at its option, but without being obligated to do so) may, at the expense of Landlord and upon notice to Landlord, defend such actions and Landlord shall reimburse Tenant for all such costs and expenses. The provisions of this subparagraph shall survive the expiration or early termination of this Lease or the Prime Lease and shall continue to remain an obligation of Landlord for the term of this Lease and all renewals and extensions thereof, even if this Lease or the Prime Lease is assigned, sublet, or the Premises is purchased or in any way transferred.

     [FOR LEASES IN THE STATE OF FLORIDA ONLY] : 12.14 RADON. Radon is a naturally occurring radioactive gas that when accumulated in a building in sufficient quantities may present health risks to persons who are exposed to it over time. Levels of radon that exceed federal and state guidelines have been found in buildings in Florida. Additional information regarding Radon or Radon testing may be obtained from your County Public Health unit.

     IN WITNESS WHEREOF, the parties have hereunto set their hand and seal in duplicate the day and year first above written.

Page 32

Page 33

EXHIBIT LIST

Page 34

EXHIBIT “C”

LANDLORD’S WORK

A. Landlord agrees to do all work required of Landlord hereunder (“Landlord’s Work”) at its sole cost and expense and in accordance with the Final Plans and Specifications, which Landlord’s Work shall include, without limitation, all of the following:

     (1) The Premises shall be substantially completed in accordance with the Final Plans and Specifications, with all utility services, equipment and systems therein fully operational.

     (2) The Premises shall be delivered to Tenant by Landlord in a neat and clean condition, lien free and free of all tenants and occupants.

     (3) The paving and striping of parking areas and installation of light standards shall be substantially completed; in addition, such street, storm drainage, traffic signalization, and other offsite improvements required for the Premises to open for business and Tenant to receive the “Certificate of Occupancy” (as defined in Paragraph E below) shall be substantially completed.

     (4) All signage which Landlord is required to construct pursuant to the Final Plans and Specifications and shall be installed and all wiring and electrical connections therefor completed and in working order, and all governmental permits and approvals required for the installation of Tenant’s building sign(s) shall have been obtained.

     (5) The Premises shall be in full compliance with all laws, codes, regulations and other governmental requirements including, without limitation, the “Americans with Disabilities Act,” and Tenant shall be in a position to receive the Certificate of Occupancy from the appropriate municipal authority for the use and occupancy of the Premises.

The term “substantially complete” or “substantially completed” or words of similar import used herein to describe a work of improvement shall mean that the particular work of improvement has been completed in accordance with the Final Plans and Specifications, excepting only minor “punch list” items, the completion, repair or correction of which do not have a material, adverse effect on the use and/or occupancy of the building or other improvement and, in the case of the Premises, will also not materially hinder or delay Tenant’s fixturization and preparation of the Premises for Tenant’s intended use thereof.

Page 37

B. Landlord and Tenant agree that any material changes to the Final Plans and Specifications shall require the prior written approval of Tenant. Tenant shall further be entitled to make changes to the Final Plans and Specifications (“Change Orders”) after same have been fully approved by all parties hereto, provided that (i) Tenant shall be responsible for the reasonable increased cost of construction, if any, which is occasioned by such revisions; (ii) if any such revisions delay completion of Landlord’s Work, then the Delivery Date shall be extended day for each day completion of Landlord’s Work is delayed by reason of such revisions. In connection with any Change Orders, prior to implementing same, Landlord shall provide Tenant with an estimate of the cost of the Change Order and the time that the Delivery Date will be delayed. The cost of the Change Order shall be the lesser of the actual cost to implement same or the estimate provided by Landlord hereunder. Any change to the Final Plans and Specifications that results in a cost savings to Landlord shall be netted against any Change Orders which increased the cost of construction. The reconciliation of the Change Orders shall be made within forty-five (45) days of the Delivery Date and paid for by Tenant within thirty days after receipt by Tenant of such reconciliation. Change Orders which have not been approved in writing by Tenant shall be permitted or allowed hereunder, except for minor changes in Landlord’s Work made by Landlord (which Tenant has received prior written notice of ) due to field conditions which do not increase the cost of Landlord’s Work, delay the Estimated Delivery Date of the Premises to Tenant or decrease the quality of Landlord’s Work hereunder.

C. Tenant shall, at its own sole expense, obtain all governmental permits, approvals, authorizations and entitlement required for performance of Landlord’s Work and occupancy of the Premises for the purposes permitted under the terms of this Lease (collectively “Permits”). It is understood that Landlord shall be solely responsible for payment of any and all fees, tariffs, taxes or other charges, howsoever denominated, which may be levied or assessed by any governmental or quasi-governmental agency or utility company in connection with issuance of such Permits, including, without limitation, utility connection, impact and school fees; provided, however, the term “Permits” as used herein shall not include Tenant’s business licenses, which shall be obtained by Tenant at its expense. Tenant shall furnish to Landlord all Permits after issuance of same. Landlord shall cooperate with Tenant in making application for and obtaining such Permits.

D. Notwithstanding (i) the delivery by Landlord to Tenant of an architect’s certificate of completion and (ii) Landlord’s tender of delivery of possession of the Premises, Landlord’s Work shall not be deemed substantially complete, the Delivery Date shall not be deemed to have occurred, Tenant shall have no obligation to accept possession of the Premises and in such event of Tenant’s election not to accept the Premises Tenant shall not be obligated to pay Rent or any other charge or amount that is payable under this Lease, until a final and unconditional certificate of occupancy (or its equivalent) has been issued (“Certificate of Occupancy”).

E. Notwithstanding Section D above, if Tenant in its sole discretion elects to open for business to the public prior to the issuance of a Final Certificate of Occupancy, then Rent and any other charge or amount that is payable under this Lease shall accrue and be due and payable by Tenant during any such periods in which there is no material interference with Tenant’s occupancy of the Premises or the conduct of its business operations therein by reason of the action of governmental authority which results from the absence of the Final Certificate of Occupancy.

Tenant’s election to open for business prior to issuance of the Final Certificate of Occupancy or prior to substantial completion of Landlord’s Work shall not be construed as a waiver of Landlord’s obligation to complete Landlord’s Work.

F. Tenant shall have the right to come onto the Premises in order to observe the performance of Landlord’s Work, take measurements and commence Tenant’s preparation of the premises for Tenant’s occupancy, even while Landlord is completing Landlord’s Work, but such entry by Tenant shall be at Tenant’s sole risk and shall not be deemed a waiver of Landlord’s obligation fully to complete Landlord’s Work. Any such entry and work performed by Tenant prior to the Delivery Date shall be performed in a manner which does not materially interfere with the completion of Landlord’s Work. Landlord and Tenant agree, to the extent reasonably possible, to coordinate their work in the Premises to the end that Landlord’s Work may be completed on the earliest date reasonably practicable.

G. Landlord shall unconditionally guarantee all work performed by or for Landlord in the construction of Landlord’s Work against defective workmanship and materials for the period of one (1) year from the commencement of the Lease Term. Landlord shall assign to Tenant any and all guarantees of workmanship and materials which it may receive, and Landlord shall use its best efforts to enforce unexpired, non-assignable warranties and guarantees at Tenant’s request and on Tenant’s behalf, but such assignment shall not relieve Landlord of any obligations provided in this Lease.

Page 38

EXHIBIT “D”

ACKNOWLEDGMENT OF LANDLORD AND TENANT

Landlord and Tenant acknowledge and confirm the following:

Page 39

EXHIBIT “E”

PREPARED BY AND RETURN TO:
▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇, Esq.
Akerman, ▇▇▇▇▇▇▇▇▇▇ & ▇▇▇▇▇▇, ▇.▇.
▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇, ▇▇▇▇▇ ▇▇▇▇
▇▇▇ ▇▇▇▇ ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇
▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇-▇▇▇▇

SPACE ABOVE THIS LINE FOR
RECORDER’S USE

City and State: ____________
Address of Premises: _____________

MEMORANDUM OF LEASE

     This is a Memorandum of Lease by and between ▇▇▇▇’▇ HOME CENTERS, INC. hereinafter called “Landlord” with an address of: ▇▇▇▇’▇ Home Centers, Inc. Attn: Property Management (REO) ▇.▇. ▇▇▇ ▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ (Highway 268 — East Dock 28659) and NATIONSRENT___, INC., a Delaware corporation with an address of Las Olas Centre, Suite 1400, ▇▇▇ ▇▇▇▇ ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇, hereinafter called “Tenant”.

Landlord has granted Tenant a lease which includes, among others, the following provisions:

Page 30

     The purpose of this Memorandum of Lease is to give record notice of the Lease and of the rights created thereby, all of which are hereby confirmed.

     IN WITNESS WHEREOF the parties have executed this Memorandum of Lease as of the dates set forth in their respective acknowledgments.

     The foregoing instrument was acknowledged before me this ___day of ___, 2000 by ___as ___of ▇▇▇▇’▇ Home Centers, Inc. a North Carolina corporation, on behalf of the corporation. He/she is personally known to me or has produced a driver’s license as identification.

Page 41

     The foregoing instrument was acknowledged before me this ___day of ___, 2000 by ___as ___of NationsRent___, Inc., a Delaware corporation, on behalf of the corporation. He/she is personally known to me or has produced a driver’s license as identification.

Page 42

EXHIBIT A

LEGAL ESCRIPTION OF REAL PROPERTY

Page 43

EXHIBIT E

Exhibit E List of On-Site Rental Equipment The rental equipment on the attached list may be located at an On-Site Rental Store. In addition, the parties agree that NationsRent may offer, for rent from an On-Site Store an equipment which is located at MatopmsRent’s other non-Lowe’s rental stores.

Page 45

Page 46

Page 47

Page 48

Large Equipment Category

Page 49

EXHIBIT F

List of On-Site Merchandise

The merchandise on the attached list may be located at an On-Site Rental Store. In addition, the parties agree that NationsRent may process for sale from an On-Site Rental Store any merchandise which is located at NationsRent’s other non-Lowe’s rental stores

Description

SAFETY GLASSES 70SV-000 BLK/SIL/CL
SAFETY GLASSES 70SV-002BLK/SIL/TIN
SAFETY GLASSES 70US-000 R/W/B /CL
SAFETY GLASSES 70US-002 R/W/B/TINT
SAFETY GLASSES 70SB-000 BLUE/CL
SAFETY GLASSES 70SB-002 BLUE/TINT
SAFETY GLASSES 43MB-000 BLACK/CL
SAFETY GLASSES 43MB-002 BLACK/TIN
SAFETY GLASSES 43SB-000 BLUE/CL
SAFETY GLASSES 43SB-002 BLUE/TINT
SAFETY GLASSES 43US-000 R/W/B/▇▇
▇▇▇▇▇▇▇ RACK FOR SAFETY GLASSES
SAFETY GLASSES 43US-002 R/W/B/TINT
SAFETY GLASSES NECK CORD BALK
15132 HARD HAT RATCHET WHITE
87039 EAR PLUG CORDED
28083 DUST MASKS DBL STRAP
87038 EAR PLUG UNCORDED
10468 GOGGLES
15133 HARD HAT YELLOW RATCHET
28076 DUST MASKS SINGLE STRAP
RATCHET STRAP 2 X 20
RUBBER STRAP 9”
RUBBER STRAP 15”
RUBBER STRAP 21”
RUBBER STRAP 31”
RATCHET STRAP 1” X 10 W / S HOOKS
RATCHET STRAP 1” X 16’W / S HOOKS
WELDING HELMET W/LENS 30001
▇▇▇ ▇▇▇▇ 1/8” FLEETWELD 37 5# 6013
▇▇▇ ▇▇▇▇ 5/32” ▇▇▇▇▇▇▇▇▇ ▇▇ ▇# ▇▇▇
▇▇▇ ▇▇▇▇▇/▇” ▇▇▇-▇▇ 78MR IN 5# 701
▇▇▇ ▇▇▇▇ 5/32“JET-LH 78MR 5# 7018
BLADE DOOR PLANER REPLCMNT, PA1201
BLADE MITER SAW 10” BB 1060M
BLADE, CIRCULAR SAW 7 1/4” BB724
TILE SAW BLADE, 8“X.065X5/8, SUPERLOK X-TRA 79017ONRI
51121 RUBBER GLOVES
72221 LEATHER GLOVES SPLIT PALM
14001 JERSEY GLOVE ▇▇▇▇▇ MENS
76101 WELDERS GLOVE
THREADING OIL, QT. 632-41590
BAR & CHAIN OIL, 1 QT. STIHL, ▇▇▇▇-▇▇▇-▇▇▇▇
676RC RECIPROCATING BLADE EA
YPAHC1220 12 X 1/8 X20MM CON ABR B

Page 50

YPAHM1220 12 X 1/8 X20MM MET ABR B
YPAHC1420 14 X 1/8 X20MM CON ABR B
YPAHM1420 14 X 1/8 X20MM MET ABR B
YDC75941(27)7 XI/4X5/8 GND DISC CO
YDC75940(27)7 Xl/4X5/8 GND DISC ME
YS43385 SANDING DISC 17” 20GRT.
YS28475 SANDING DISC. 17” 36GRT.
YS51561 C SANDING DISC. 17” 100GRT
YAGS2M GRINDING STONE 24GRT
YPAHC14 14 X 1/8 X 1 CONC ABR BLAD
YPASC14316 14 X 3/16 X 1 CON ABR B
YS28405 8 X 19 1/2 20GRT SANDPAPER
YPAHC12 12 X 1/8 X 1 CONC ABR BLAD
YPAHM14 14 X 1/8 X 1 MET ABR BLADE
060AFC FLARED CUP STONES 6”
YS28406 8X19 1/2 36GRT. SANDPAPER
YS28423 7 X 7/8 20GRT.SANDING DISC
YS28424 7 X 7/8 36GRT. SANDING DIS
YSI1966C 8 X 191/2 100GRT SANDPAPE
YS11922C 7 X 7/8 100GRT SANDING DI
YS51562C SANDING DISC 17” 80GRT
YDC75908(27)41/2X1/8X7/8 GND DIS C
YDC75910 (27)41/2Xl/8X7/8 GND DIS
YS10103C SANDING BELT 80G 4 x 24
YS10106C SANDING BELT 100G 4 x 24
DRYWALL SANDING DISC 100G ▇▇▇▇▇▇ CABLE 78105 5/BOX
DRYWALL SANDING DISC 120G ▇▇▇▇▇▇ CABLE 78125 5/BOX
DRYWALL SANDING DISC 150G ▇▇▇▇▇▇ CABLE 78155 5/BOX
PAD, ORBITAL SANDER, RED, 01768
YPABB 14 14” ABR BLD FOR BRICK/BLOCK SAW
RATCHET BINDER 3/8” GRD70 48360
3/8 X 16’ CHAIN ASSEMBLY WITH HOOK
DRILL BIT 3/16 X 8 SDS MASONRY HC2013
DRILL BIT 1/4 X 14 SDS MASONRY HC2045
DRILL BIT 3/8 X 12 SDS MASONRY HC2064
DRILL BIT 1/2 X 12 SDS MASONRY HC2084
DRILL BIT 5/8 X 18 SDS MASONRY HC2107
DRILL BIT 3/4 X 18 SDS MASONRY HC2127
DRILL BIT 1/2 X 13 SDS MAX MASONRY HC5010
DRILL BIT 1/2 X 21 SDS MAX MASONRY HC5011
DRILL BIT 3/4 X 21 SDS MAX MASONRY HC5031
DRILL BIT 7/8 X 21 SDS MAX MASONRY HC5041
DRILL BIT 1 X 13 SDS MAX MASONRY HC5050
DRILL BIT 1 X 21 SDS MAX MASONRY HC5051
DRILL BIT 1 1/8 X 15 SDS ▇▇▇ ▇▇▇▇▇ HC5060
DRILL BIT 1 1/2 X 23 SDS ▇▇▇ ▇▇▇▇▇ HC5091
05208 50’12/3 NRI 50’ BRANDED EXT. CORD
FUEL CAN 2GAL RED TYPE ONE W/SPOUT
FUEL CAN 5GAL RED TYPE ONE W/SPOUT
FUEL CAN FUNNEL 9” FOR METAL CANS
1949 SPRAYER CURRING COMPOUND 3GAL
TRAILER CONNECT ADAPT 6WRD TO FLT****
TRAILER CONN ADAPT 7WRV TO 6WRD****
BALL LONG SHANK CBH2A 2” -3/4 SNK****
BALL LONG SHANK CBH3A 2"-1“SNK****
BALL LONG SHANK CBH5A 25/16"-1“SNK****
BENT PIN W/CLIP 17002 5/8****
PINTLE DUPLEX WITH 2” BALL DPH-200****
PINTLE DUPLEX W/25/16 BALL DPH-251****
PINTLE MT PLATE 12 PLT/9 SNK RE651
636RP RECIPROCATING BLADE EA
634R RECIPROCATING BLADE EA
606R RECIPROCATING BLADES EA
61OR RECIPROCATING BLADES EA
614R RECIPROCATING BLADES EA
618R RECIPROCATING BLADE EA
624R RECIPROCATING BLADE EA

Page 51

656R RECIPROCATING BLADE EA
81OR RECIPROCATING BLADE EA
818R RECIPROCATING BLADE EA
956R RECIPROCATING BLADE EA
156R RECIPROCATING BLADE EA
1lOR RECIPROCATING BLADE EA
BANDSAW BLD. 44 7/8 14TPI BIMET. 80114-138-EW1014
BANDSAW BLADE 44 7/8 18TPI BIMET. 80112-138-EW1418
BLADE, BRUSH 8 TEETH FOR FS85, STIHL ▇▇▇▇-▇▇▇-▇▇▇▇
2” MALE ADAPTER x FEM. NPT
2” CAM & GROOVE GASKET
2” SHORT SHANK COUPLING
3/4” UNIV. 2-LUG HOSE END
3/4” UNIV. 2-LUG MALE END
3/4” UNIV. 2-LUG FEM. END
3/4” TRIPLE CONNECTOR
UNIV. 2-LUG GASKETS
2” ROUND HOLE STRAINER
2” SQUARE HOLE STRAINER
3/8“HOSE-13/16” BAND SIZE C.P.CLAM
3/4” HOSE-13/8” BAND SIZE C.P.CLAM
CENTER PUNCH TOOL
AM13841 3/8“BODY-1/4FPT AIR FITTING
1/4” NIPPLE 3/8” FPT FITTING.
3/8” NIPPLE 3/8” FPT FITTING
3/8“x50’300RR,CPLD 1/4“Q.D.AIR HOS
3/4“x50 20OPSI R CPL UNV2 BAN ▇▇▇▇
2“x50’ GR’Y ▇▇▇▇▇’G, CPLD 2” C&E
2“x20’ EPDM, CPLD 2“C &2“PN S HOS
4819 ADPT PUSH BUTTON W MALE THREA
4820 FEM THD ADPT FOR PUSH BTN HAN
MEASURE WHEEL, KESON RR318N
NAIL, FRAMING 3 1/4 x .121 57BS 12BP
NAIL, FINISH 15GA. 1 1/4” 57BF3G
NAIL, FINISH 15GA. 1 1/2” 57BF4G
NAIL, FINISH 15GA. 2” 57BF6G
NAIL, FINISH 15GA. 2 1/2” 57BF8G
NAIL, FRAMING 2-3/8” x.1 13 RI 57BS8BR
NAIL, FRAMING 2-3/8” x .113 57BS8MGR
NAIL, FRAMING 3 x .121 57BS l OMGR
NAIL, FRAMING 3 x .121 PLAIN 57BS l OBP
NAIL, FRAMING 3 1/4 x .121 57BS12MGR
NAIL, COIL ROOFING 1 1/4” 58JCRI14
NAIL, COIL ROOFING 1 1/2” 58JCRI12
DECK SCREW, 2 1/2” (1000BX), 48-30-3042
DECK SCREW 3” (1000BX), 48-30-3043
HARDWOOD FLOOR NAIL, 2”, HANDIPAK 1000/PKG
BIT, #2 SQ. DRIVE 140MM, DECK SCREW GUN,48-30-1527
CHAIN, REPLCMNT, FOR STIHL HT-75,12”, 61PMN-44
MARKING PAINT YELL 20OZ W-BASE 380
MARKING PAINT ORAN 20OZ W-BASE 380
MARKING PAINT WHITE 20 W-BASE 3901
MARKING PAINT RED 20OZ W-BASE 3610
MARKING PAINT BLUE 20OZ W-BASE 362
MARKING PAINT GREEN 20 W-BASE 3630
MARKING PAINT PINK 20OZ W-BASE 361
MARKING WAND LONG K7096
S32001 POWER WASH CLEANER/DEGREASE
K7140 WHITE TRAFFIC MARKING PAINT
K7141 YELLOW TRAFFIC MARKING PAINT
ASPHALT CUTTER 1 X 4 1/4 SNK 5“BLD
ASPHALT CUTTER 11/8 X 6 SNK 5” BLD
CLAY SPADE 1 X 41/4 SHANK 51/2” BL

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CLAY SPADE 11/8 X 6 SHANK 51/2” BL
BUSHING TOOL 1 X 41/2 SNK 16 PT
BUSHING TOOL 11/8 X 61/2 SNK 16 PT
MOIL POINT 1 X 41/4 SNK X 14 U.C.
MOIL POINT 1 1/8 X 6 SNK X 14 U.C.
CHISELS NARROW 1 X 41/4 X 14 U.C.
CHISEL NARROW 11/8 X 6 X 14 U.C.
CHISEL 3” — 1 X 41/4 X 14 U.C.
CHISEL 3"-11/8 X 6 X 14 U.C.
CHISEL NARROW 12” W/OVAL COLLAR
MOIL POINT 12” W/OVAL COLLAR
CHISEL 2"- 12” W/OVAL COLLAR
BUSHING TOOL 12” W/OVAL COLLAR
RETAINER SPRING
CHISEL NARROW 12” LONG SDS MAX
CHISEL NARROW 18” LONG SDS
MAX MOIL POINT 12” LONG SDS MAX
MOIL POINT 18” LONG SDS MAX
CHISEL 2” WIDE 12” LONG SDS MAX
CHISEL 3” WIDE 12” LONG SDS MAX
BUSHING TOOL SDS ▇▇▇
▇▇▇▇ SPADE HS 1922 SDS MAX
GROUND ROD DRIVER HS 1924 SDS MAX
GRADE ROD 16’ IN INCHES 06-816C
GRADE ROD 16’ IN l0THS 06-816
POWER HEAD PADS 18” BLACK
POWER HEAD PADS 18” GREEN
POWER HEAD PADS 18” BLUE
POWER HEAD PADS 18” WHITE
FLOOR POWR KARE CLEANER 1Fl
CARPET CLEANER LOW FOAM ▇▇▇ ▇▇. ▇▇▇
▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇ ▇
▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇
▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇ 1
FLOOR RESTORER GALLON RF1
POWER HEAD PADS 18” RED
TROWEL BLADE 36” COMBO BOLT ON
TROWEL BLADE 36” COMBO SPRING MNT
REMINGTON STRIP LOAD 27 CAL.#3 GREEN 78757
REMINGTON STRIP LOAD ▇▇ ▇▇▇.#▇ ▇▇▇▇▇▇ ▇▇▇▇▇
▇▇▇▇▇▇▇▇▇ STRIP LOAD 27 CAL. #5 RED 78759
CARPET HEAT SEAL TAPE 66”, 24-217-B8
HOUSE & DECK WASH, 1 GAL., AW-4034-0026
HOUSE & DECK WASH, 1 QT., AW-4034-0025
CARPET SPOT REMOVER PLUS, KS-32
CARPET EXTRACTOR KOLD POWR, 1 GAL. KP1
STUD DRIVER NAIL3” 100BOX #58053
STUD DRIVER NAIL 1 “25/BLISTER PKG.. ▇▇▇▇▇▇-01
STUD DRIVER NAIL1 1/2” 25/BLISTER PKG.▇▇▇▇▇▇-01
STUD DRIVER NAIL2 1/2” 25/BLISTER PKG. ▇▇▇▇▇▇-01
CLEANER/DEGREASER, POWER WASHER SPRAYON 01207-0401
CARPET CLEANER LOW FOAM 32 OZ. KPQ
CARPET CLEANER LOW FOAM 32 OZ. KPQ
YS101000 SANDING BELT 36G 4 x 24
BAG, DUST, PAPER FOR RENTLINK HT-7 EDGER, 07040
BAG, DUST, PAPER FOR ORBITAL/DRUM SANDER, 07039
PAINT SPRAYER PUMP SOCK DRAW STRING BAG
CARPET TRIM3,4ER REPLCMNT BLADES, 5PKG. 15-399-B7
CHAIN, REPLCMNT, FOR STM 026-16”, 33RM2-60,
CHAIN, REPLCMNT, FOR STIHL 039-20”, 33RM2-72,
AUTO CUT REPLCMNT HEAD STIHL FS46/85,▇▇▇▇-▇▇▇-▇▇▇▇
STRING SPOOL REPLCMNT STIHL FS46/85,▇▇▇▇-▇▇▇-▇▇▇▇

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EXHIBIT G

Lowe’s ▇▇▇▇

▇▇▇▇’▇ Home Improvement Warehouse
Improving Home Improvement [Logo]

Lowe’s Commercial Services [Logo]

The One Stop Pro Shop] [Logo]

Page 54

January 28, 2000

▇▇▇▇’▇ Companies, Inc.
▇.▇. ▇▇▇ ▇▇▇▇
▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇

Gentlemen:

In connection with our mutual consideration of a possible strategic partnership (the “Relationship”) involving NationsRent, Inc. (“Nations”) and ▇▇▇▇’▇ Companies, Inc. (“Lowe’s”) pursuant to which Nations may establish and operate an equipment rental location on-site in, adjacent to or on an outparcel of, Lowe’s’ stores (the “On-Site Rental Concept”), Nations and Lowe’s will be exchanging certain business, financial and other information. As a condition to exchanging such information, Nations and Lowe’s agree to treat confidentially such information and any additional information including all notes, analyses, compilations, studies or other documents that either Nations, Lowe’s, or their respective agents or representatives (including attorneys) furnishes to the other or its employees, agents, advisors, current and prospective lenders and investors, affiliates or representatives (all of the foregoing collectively referred to as “Representatives”) or that either it or any of its Representatives develop on the basis of such information, whether furnished on or after the date of this letter, whether prepared by the recipient or its Representatives, which contain or otherwise reflect such information (collectively the “Evaluation Material”).

The terms “Nations”, “Lowe’s”, “recipient” and “party” shall include their subsidiaries, affiliates and Representatives. This letter is referred to as the “Agreement”.

The term “Evaluation Material” does not include information that (i) is or becomes generally available to the public other than as a result of a disclosure by the recipient, (ii) was available to the recipient on a non-confidential basis prior to its disclosure to the recipient by Nations or Lowe’s, or (iii) becomes available to the recipient on a non-confidential basis from a source other than Nations or Lowe’s provided that such source is not bound by a confidentiality agreement with the provider of the information, its representatives or agents, or that the source is not otherwise prohibited from transmitting the information to the recipient by a contractual, legal or fiduciary obligation.

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It is understood that any recipient of information may only disclose the Evaluation Material to those Representatives who require such material for the purpose of evaluating a possible Relationship, provided that such Representatives shall be informed by the recipient of the confidential nature of the Evaluation Material. The parties agree that the Evaluation Material received by them will be kept confidential by them and will not be disclosed to any party or used for any purpose other than evaluating a possible Relationship, except with the specific prior written consent of the provider of the Evaluation Materials or as expressly permitted by these terms.

Without the prior written consent of the provider of the Evaluation Material, the recipient will not disclose to any person (i) that the Evaluation Material has been made available to it or that it has inspected any portion of the Evaluation Material, (ii) that Nations and Lowe’s are considering a possible Relationship, or (iii) any of the proposed conditions or other facts with respect to any possible Relationship, except that either party may make such disclosure as it believes in good faith are required by law or the requirements of any listing agreement with a national securities exchange. The term “person” as used in this letter shall be broadly interpreted to include without limitation any corporation, company, partnership, group or individual.

In the event that either Nations or Lowe’s is requested or required (by oral questions, interrogatories, requests for information or documents, subpoena, civil investigative demand or similar process) to disclose any Evaluation Material provided by the other party to this Agreement, it is agreed that such party receiving a request will prove the other party to this Agreement with prompt notice of such request so that it may seek an appropriate protective order, other appropriate remedy, and/or waive compliance with the provisions of this Agreement. In the event that such protective order or other remedy is not obtained, or that Nations or Lowe’s grants a waiver, the recipient may furnish that portion (and only that portion) of the Evaluation Material which, in the written opinion of the recipient’s counsel, the recipient is legally compelled to disclose. Furthermore, the recipient will exercise its best efforts to obtain reliable assurance that confidential treatment will be accorded any Evaluation Material so furnished.

Upon the written request of the provider of the Evaluation Material, each party will promptly deliver all documents or other matter furnished by the provider, which collectively constitutes Evaluation Material, together with all copies, extracts or compilations in the possession of the recipient or certify to the other party the destruction of such materials.

As a conditions to the exchange of the Evaluation Material and the execution of this Agreement, for a period of three (3) months from the date hereof: (i) Lowe’s agrees not to engage in the equipment rental business or to, directly or indirectly, implement (or engage in discussions regarding) the On-Site Rental Concept with any other provider of equipment rental services and (ii) Nations agrees not to, directly or indirectly, implement (or engage in discussions regarding) the On-Site Rental Concept with any other home improvement retailer or engage in the business of home improvement retaining other than ancillary to its business as currently conducted.

Each party agrees to indemnify and hold harmless that other party from any damage, loss, cost or liability (including legal fees and the cost of enforcing this indemnity) arising out of or resulting

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from any breach of this Agreement, including any unauthorized use or disclosure by it of the Evaluation Material.

Each party also acknowledges that money damages would be both incalculable and an insufficient remedy for any breach of this Agreement by it and that such breach would cause the other party irreparable harm. Accordingly, each party also agrees that in the event of any breach or threatened breach of this Agreement, the non breaching party, in addition to any other remedies at law or in equity, shall be entitled, without requirement of posting a bond or other security, to equitable relief, including injunctive relief and specific performance.

This Agreement shall be governed by and construed and enforced in accordance with the laws of the State of New York, without regard to the conflicts of law provisions thereof. This Agreement contains the entire understanding of the parties with respect to its subject matter and supersedes all prior oral or written agreements and understandings between the parties with respect to such subject matter.

It is understood and agreed that no failure or delay by either party in exercising any right, power or privilege shall operate as a waiver of this Agreement, nor shall any single or partial exercise preclude any other or further exercise of any right, power or privilege under this Agreement.

The invalidity or unenforceability of any provision of this Agreement shall not affect the availability or enforceability of any other provisions, which shall be separable and remain in full force and effect.

If you concur with all provisions under this Agreement, please sign and return one copy of this letter, which will constitute our agreement and that of Lowe’s with respect to this subject matter.

Very truly yours,

NationsRent, Inc.

CONFIRMED AND AGREED TO AS OF THE DATE FIRST ABOVE WRITTEN.

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