Exhibit 10.6
ASSIGNMENT AND AMENDMENT OF LEASE
---------------------------------
THIS ASSIGNMENT AND AMENDMENT OF LEASE (the "Assignment") is made and
entered into this 17 day of July, 2002 by and among (i) Commerce Center
Development Corp. (hereinafter referred to as "Landlord"); (ii) SMR Advisory
Group, L.C. (hereinafter referred to as "Tenant"); and (iii) Bizcom U.S.A., Inc.
(hereinafter referred to as "Assignee").
WHEREAS, Landlord and Tenant have heretofore entered into that certain
Lease Agreement dated January 31, 1996 (the "Lease"), for certain space
containing approximately 4,270 rentable square feet in 0000 XX 00xx Xxxxxx,
Xxxxx 000, Xx. Xxxxxxxxxx, Xxxxxxx, as more particularly described in said
Lease; and
WHEREAS, Landlord and Tenant amended the Lease on April 26, 2001;
WHEREAS, Tenant desires to assign all of its right, title and interest
in and to the Lease unto Assignee;
NOW, THEREFORE, in consideration of the premises and other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto do hereby agree as follows:
1. Tenant hereby assigns all of its right, title and interest in and to
the Lease unto Assignee, and Assignee hereby assumes all of the obligations of
Tenant under said Lease to the same extent as if Assignee were the original
tenant thereunder.
2. Tenant agrees to remain bound and fully liable for the full and
faithful performance of all covenants, obligations and acts of said Lease
notwithstanding the assignment of the Lease.
3. Landlord hereby consents to this Assignment without releasing Tenant
from any of its obligations under the Lease, and in the event of any default
under the terms and conditions of said Lease, Landlord shall have the right to
enforce any of the remedies provided to it thereunder against Tenant or Assignee
either severally or jointly at its election. Landlord's consent to this
Assignment shall not be deemed to relieve Tenant or Assignee from the
requirement of obtaining Landlord's consent to any further assignments of the
Lease.
4. All notices, rent or other payments required or desired to be given
hereunder by either party to the other shall be sent by first class mail,
postage prepaid, or by a reputable commercial messenger service, except that
notices of default shall be sent by certified mail, return receipt requested or
by a receipted commercial messenger service (such as Federal Express or Airborne
Express) for delivery on the next following business day. Notices to the
respective parties, and any amounts required to be paid hereunder, shall be
addressed and sent as follows:
If to Landlord: NOTICES AND CORRESPONDENCE WITH A COPY TO:
Commerce Center Development Corp. X.X. Xxxx Property Company
c/o X.X. Xxxx Company 900 Circle 75 Parkway
0000 Xxxxxxxxxxx Xxxxxx Xxxxx 000
Xxxxx 0000 Xxxxxxx, XX 00000
Xxxxxxxx, XX 00000-0000
RENT, PAYMENTS, ETC.
c/o X. X. Xxxx Property Company
X.X. Xxx 00000
Xxxxxxxxx, Xxxxxxxx 00000-0000
If to Assignee: Bizcom U.S.A., Inc.
0000 XX 00xx Xxxxxx
Xxxxx 000
Xx. Xxxxxxxxxx, Xxxxxxx 00000
If to Tenant: SMR Advisory Group, L.C.
0000 XX 00xx Xxxxxx
Xxxxx 000
Xx. Xxxxxxxxxx, Xxxxxxx 00000
5. The effective date of this Assignment, for all purposes shall be the
date hereof.
6. Any agreements, obligation or liability, made, entered into or
incurred by or on behalf of Landlord binds only its property and no shareholder,
trustee, officer, employee, director, partner or agent of the Landlord assumes
or shall be held to any liability therefor.
7. The parties hereto do hereby acknowledge that all of the terms,
covenants and conditions of the Lease are in full force and effect, and do
hereby ratify and confirm said Lease in all respects.
8. Demised Premises. The Demised Premises as referred to under
Paragraph 1 of the aforesaid Lease is hereby increased in size so that it shall
include an additional area containing approximately 2,600 rentable square feet
(hereinafter defined as "Expansion Space") located in Building 5440 Suite 104
(as shown outlined in red on the Exhibit A-2) increasing the total Demised
Premises to approximately 6,870 rentable square feet. Effective August 1,2002,
all references in said Lease to the Demised Premises shall refer to the Demised
Premises as increased in size.
9. Rent. Commencing August 1, 2002 through October 31, 2003, the
Initial Base Rent shall be increased to Six Thousand Eight Hundred Thirty Five
and 65/100 Dollars ($6,835.65) per month plus the required Florida State Rent
Tax in the amount of Four Hundred Ten and 14/100 Dollars ($410.14) for a total
of Seven Thousand Two Hundred Forty Five and 79/100 Dollars ($7,245.79) per
month.
10. Term. The term of this Lease is hereby extended Eighteen (18)
months commencing on November 1, 2002 and terminating on April 30, 2004.
11. Rent Adjustment. Commencing November 1, 2003 and each November 1
thereafter, Initial Base Rent shall be increased by three percent (3%).
12. Annual Operating Costs.
(a) Commencing August 1, 2002, Tenant's Pro-rata Share as
provided in Paragraph 5 (e) is hereby increased to "11.23%".
(b) Commencing August 1, 2002, Tenant shall pay to Landlord on
the first day of each calendar month as its estimated payment for the Annual
Operating Costs the sum of Two Thousand Six Hundred Thirty Three and 50/100
Dollars (2,633.50), calculated at the rate of $4.50 per square foot per year,
plus the required Florida State Rent Tax in the amount of One Hundred Fifty
Eight and 01/100 Dollars ($158.01) for a total of Two Thousand Seven Hundred
Ninety One and 51/100 Dollars ($2,791.51) per month.
13. The Rent Commencement Date of this Amendment shall be August 1,
2002 (hereinafter referred to as "Rent Commencement Date").
14. Construction. Tenant accepts Expansion Space in "as is" condition
except Landlord agrees to steam clean carpet, patch walls as needed, repaint
walls as needed, replace damaged ceiling tile, and install one cased door
opening and one double door. Landlord further agrees that heating and air
conditioning, electrical, and plumbing systems in the Expansion Space shall be
in good working order on the Rent Commencement Date.
15. Except as modified hereby, the Lease shall remain in full force and
effect in accordance with its terms, and is hereby ratified, approved and
conformed in all respects.
16. INTERPRETATION. The submission of this Assignment for examination
does not constitute an agreement, an option or an offer, and this Assignment
becomes effective only upon execution and delivery thereof by Landlord. Neither
party shall have any legal obligation to the other in the event that the
Assignment contemplated herein is not consummated for any reason. Discussions
between the parties respecting the proposed Assignment described herein shall
not serve as a basis for a claim against either party or any officer, director
or agent of either party. Captions and headings are for convenience and
reference only and shall not in any way define, limit or describe the scope or
content of any provision of this Assignment. Except as otherwise provided
herein, capitalized terms shall have the same meaning as set forth in the Lease.
Whenever in this Assignment (i) any printed portion, or any part thereof, has
been stricken out, or (ii) any portion of the Lease (as the same may have been
previously amended) or any part thereof, has been modified or stricken out,
then, in either of such events, whether or not any replacement provision has
been added, this Assignment and the Lease shall hereafter be read and construed
as if the material so stricken out were not included, and no implication shall
be drawn from the text of the material so stricken out which would be
inconsistent in any way with the construction or interpretation which would be
appropriate if such material had never been contained herein or in the Lease.
The Exhibits referred to in this Assignment and attached hereto are a
substantive part of this Assignment and are incorporated herein by reference.
IN WITNESS WHEREOF, the parties hereto do hereby execute this
Assignment and Amendment under seal on the day and year first above written.
ATTEST: TENANT: SMR Advisory Group, L.C.
/s/ Xxxx Xxxxxxxxxxx By: /s/ Xxxxxx Xxxxxxxxxxx (SEAL)
Name: Xxxxxx Xxxxxxxxxxx
Title: President
Tenant's Tax I.D. Number or Social
Security Number: 00-000-0000
ATTEST: ASSIGNEE: Bizcom U.S.A., Inc.
/s/ Xxxxxxx Xxxxxxxxx By: /s/ Xxxxx X. Xxxxxx
Name: Xxxxx X. Xxxxxx
Title: COO
Assignee's Tax I.D. Number or Social
Security Number: 00-000-0000
ATTEST: LANDLORD COMMERCE CENTER
DEVELOPMENT CORP.
/s/ Xxxxxx X. Xxxxxx By: /s/ Xxxxxx X. Xxxxxx
(seal) Assistant Secretary Xxxxxx X. Xxxxxx, President
Xxxxxx X. Xxxxxx
Assistant Secretary
