SUBLEASE AGREEMENT
The parties agree as follows:
DATE OF THIS January , 1999
SUBLEASE:
PARTIES TO THIS Overtenant: Patrini N.V.
SUBLEASE: Address for notices: 00 Xxxx 00xx Xxxxxx, 00xx Xxxxx, Xxx Xxxx, XX 00000
You, the Undertenant: IAT Multimedia, Inc.
Address for notices: Geschaftshaus Wasserschloss, Xxxxxxxxxxx 00, XX-0000
Xxxxxxxxx-Xxxxx, Xxxxxxxxxxx
If there are more than one Overtenant or Undertenant, the words "Overtenant" and "Undertenant" used in
this Sublease includes them.
INFORMATION FROM Landlord: Amtad Property, Inc.
OVER-LEASE: Address for notices: 000 Xxxxx Xxxxxxxx Xxxxxx, Xxxxx 000
Xxx Xxxxxxx, XX 00000
Overtenant:
Address for notices:
Date of Over-Lease: January 29, 1999
Term: from: January 29, 1999 to January 29, 2002
A copy of the Over-Lease is attached as an important part of the Sublease.
TERM: 1. 3 years: 0 months: Beginning: January , 1999
ending: January , 2002
PREMISES RENTED: 2. 00 Xxxx 00xx Xxxxxx
00xx Xxxxx
Xxx Xxxx, Xxx Xxxx 00000
USE OF PREMISES: 3. The premises may be used for
Corporate Offices only.
RENT: 4. The yearly rent is $100,000.00***. You, the Undertenant, will pay this yearly rent to the Overtenant
in twelve equal monthly payments of $8,333.33***. Payments shall be paid in advance on the first day
of each month during the Term.
SECURITY: 5. The security for the Undertenant's performance is $0. Overtenant states that Overtenant has received
it. Overtenant shall hold the security in accordance with Paragraph of the Over-Lease.
AGREEMENT TO LEASE AND 6. Overtenant sublets the premises to you, the Undertenant, for the Term. Overtenant states that it has
PAY RENT: the authority to do so. You, the Undertenant, agree to pay the Rent and other charges as required in
the Sublease. You, the Undertenant, agree to do everything required of you in the Sublease.
NOTICES: 7. All notices in the Sublease shall be sent by certified mail, "return receipt requested."
SUBJECT TO: 8. The Sublease is subject to the Over-Lease. It is also subject to any agreement to which the
Over-Lease is subject. You, the Undertenant, state that you have read and initialed the Over-Lease
and will not violate it in any way.
UNDERTENANT'S DUTIES: 9. The Over-Lease describes the Landlord's duties. The Overtenant is not obligated to perform the
Landlord's duties. If the Landlord fails to perform, you, the Undertenant, must send the Overtenant
a notice. Upon receipt of the notice, the Overtenant shall then promptly notify the Landlord and
demand that the Over-Lease agreements be carried out. The Overtenant shall continue the demands until
the Landlord performs.
CONSENT: 10. If the Landlord's consent to the Sublease is required, this consent must be received within days
from the date of this Sublease. If the Landlord's consent is not received within this time, the
Sublease will be void. In such event all parties are automatically released and all payments shall
be refunded to you, the Undertenant.
ADOPTING THE 11. The provisions of the Over-Lease are part of this Sublease. All the provisions of the Over-Lease
OVER-LEASE AND applying to the Overtenant are binding on you, the Undertenant, except these:
EXCEPTIONS: a) These numbered paragraphs of the Over-Lease shall not apply:
b) These numbered paragraphs of the Over-Lease are changed as follows:
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*** The rent shall include use of the premises,
as well as all related secretarial and
administrative services.
NO AUTHORITY: 12. You, the Undertenant, have no authority to contact or make any agreement with the Landlord about the
premises or the Over-Lease. You, the Undertenant, may not pay rent or other charges to the Landlord,
but only to the Overtenant.
SUCCESSORS: 13. Unless otherwise stated, the Sublease is binding on all parties who lawfully succeed to the rights or
take the place of the Overtenant or you, the Undertenant. Examples are an assign, heir, or a legal
representative such as an executor of your will or administrator of your estate.
CHANGES: 14. This sublease can be changed only by an agreement in writing signed by the parties to the Sublease.
OVERTENANT:
/s/ Xxxxx Xxxx
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You, the UNDERTENANT:
/s/ Xxxxx Xxxxxxxxxx
Witness: -------------------------------------------------
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STATE OF COUNTY OF ss.:
On 19 before me personally appeared
to me known and known to me to be the individual(s) described in and who
executed the foregoing Sublease, and duly acknowledged
that he executed the same.
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