GREAT OFFICES, INC./
AMERICAN OFFICE CENTERS, L.L.C.
SUBLEASE
1. PARTIES.
1.1 This Sublease, dated, for reference purposes only, 9-27-00 is made
by and between GREAT OFFICES, INC./American Office Centers, L.L.C. (herein
called "Sublessor") and Trinity Medical Group USA Inc. (herein called
"Sublessee").
2. PREMISES.
2.1 Sublessor hereby subleases to Sublessee and Sublessee hereby
subleases from Sublessor for the term, at the rental, and upon all of the
conditions set forth herein, a portion of that certain real property situated in
the County of Orange, State of California, commonly known as Great Offices,
Inc./American Office Centers, L.L.C. at Rancho Santa Margarita, California, and
described as approximately 000 xxxxxx xxxx - Xxxxxx #00 a&b, as depicted on
Exhibit "A". Said real property is hereafter called the "Premises".
3. TERM.
3.1 Term. The term of this Sublease shall be for 1 year commencing on
12-1-00 and terminating xx 00-00-00. At that time, lease term automatically
converts lo month to month. Once this lease converts to a month to month lease,
Sublessee may terminate this Sublease upon sixty (60) days, 2 calendar months,
written notice which notice may not set forth an effective date of termination
other than the last business day of a calendar month. If Sublessee subleases two
or more offices or space (mini-suites = 2 offices included), Sublessee shall
provide not less than ninety (90) days, 3 calendar months, notice of
termination, the date of termination to be effective on he last business day of
a calendar month. Sublessee shall vacate the Premises on the last business day
of the lease period. All equipment and furnishings shall be removed from the
Premises by 5:00 PM on the last business day of the lease period.
3.2 Delay In Commencement. Notwithstanding said Commencement Data, if
for any reason Sublessor cannot deliver possession of the Premises to Sublessee
on said date, Sublessor shall not be subject to any liability therefor, nor
shall such failure affect the validity of this Sublease or the obligations of
Sublessee hereunder or extend the term hereof, but in such case Sublessee shall
not be obligated to Pay rent until Possession of the Premises is tendered to
Sublessee. If Sublessee occupies the Premises prior to said Commencement Date,
such occupancy shall be subject to all provisions hereof, such occupancy shall
not advance the termination date and Sublessee shall pay rent for such period at
the initial monthly rates set forth below.
4. RENT
4.1 Sublessee shall pay to Sublessor as rent for the Premises equal
monthly payments of $1800.00, in advance, on the first day of each month of the
term hereof. Rent shall be made
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payable to Greet Offices, Inc. / American Office Centers, L.L.C., 00000 Xxxxx
Xxxxxx, Xxxxx 000 XXX, XX 00000, Attn: Suite Manager, or such other place
Sublessor shall designate in writing. Sublessee shall pay Sublessor upon the
execution hereof $1,800.00 as rent for the first whole or partial month. Rent
for any period during the term hereof which is for less than one month shall be
a prorated portion of the monthly installment based on a thirty-day month. Rent
shall be payable in lawful money of the United States to Sublessor at the
address stated herein or to such other persons or at such other places as
Sublessor may designate in writing. Sublessee shall pay a 6% or $50 late fee,
whichever is greater, in the event rent is not received by Sublessor by the 3rd
day of the month (See Attachment A), and a 10% or $20 returned check fee,
whichever is greater, in the event Sublessee's check is returned for any reason,
both such sums as liquidated damages to compensate Sublessor for its costs and
expenses. Acceptance of any such sum shall not limit Sublessor's rights and
remedies upon a default by Sublessee. All discrepancies in Sublessee's billing
must be directed to Sublessor's corporate offices in writing within 30 days of
Sublessee's receipt of billing. It will be assumed that Sublessee is in receipt
of billing within two days after the invoice date.
4.2 Sublessee shall pay, as additional rent hereunder, Sublessee's
proportionate share of the Building's Operating Costs in the manner set forth
herein. The "Building's Operating Costs" shall include and be computed as set
forth in the Master Lease. Sublessee's proportionate share equals a certain
percent of the Building Operating Costs charged to Sublessor by the Master
Lessor. Sublessee shall pay its proportionate share of the Building's Operating
Costs monthly, at the same time as rent, based upon the most recent statement
Sublessor has delivered to Sublessee which shall be delivered to Sublessee at
least every 18 months, or at approximately the same time Sublessor receives a
statement from the Master Lessor, or as a provision towards said operating costs
calculated by Sublessor based on historical data for building of the same
standard. Said statement shall be based upon the statement Sublessor receives
from the Master Lessor and is, therefore, subject to change as provided in the
Master Lease. In the event the Master Lessor assesses a surcharge to Sublessor
based upon a statement which did not correctly estimate actual Building
Operating Costs, Sublessee shall immediately pay Sublessor its proportionate
share of the surcharge within ten (10) days of notice to Sublessee. In the event
the Master Lessor issues a credit to Sublessor due to an overpayment of the
Building's Operating Costs, Sublessor shall apply Sublessee's proportionate
share of such credit to any sums owing from Sublessee to Sublessor and any
remaining credit to future sums due from Sublessee under this Section 4.2.
Even if the term of this Sublease has expired and Sublessee has vacated
the Premises, or this Sublease has terminated, when the final determination is
made of the actual Building Operating Costs, Sublessee shall immediately pay to
Sublessor the difference between Sublessee's proportionate share of the actual
Operating Costs and the amounts Sublessee has previously paid.
5. SECURITY DEPOSIT
5.1 Sublessee shall deposit with Sublessor upon execution hereof
$2,060.00 as security for Sublessee's faithful performance of Sublessee's
obligations hereunder. If Sublessee fails to pay rent or other charges due
hereunder, or otherwise defaults with respect to any provision of this Sublease,
Sublessor may use, apply or retain all or any portion of said deposit
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for the payment of any rent or other charge in default or for the payment of any
other sum to which Sublessor may become obligated by reason of Sublessee's
default, or to compensate Sublessor for any loss or damage which Sublessor may
suffer thereby. If Sublessor so uses or applies all or any portion of said
deposit. Sublessee shall within ten (10) days after written demand therefor,
deposit cash with Sublessor in an amount sufficient to restore said deposit to
the full amount herein above stated and Sublessee's failure to do so shall be a
material breach of this Sublease. Sublessor shall not be required to keep said
deposit separate from its general accounts. If Sublessee performs all of
Sublessee's obligations hereunder, said deposit, or so much thereof as has not
theretofore been applied by Sublessor, shall be returned, without payment of
interest or other increment for its use to Sublessee (or at Sublessor's option,
to the last assignee, if any, of Sublessee's interest hereunder) at the
expiration of the term hereof, and after Sublessee has vacated the Premises. No
trust relationship is created herein between Sublessor and Sublessee with
respect to said Security Deposit.
6. USE.
6.1 Use. The Premises shall be used and occupied only for general
office use. Sublessee will complete a "Tenant Information Sheet" for each
person(s) that will be occupying or using the Premises.
6.2 Compliance with Law. Sublessee shall, at Sublessee's expense,
promptly comply with all applicable statutes, ordinances, rules, regulations,
orders, restrictions of record, and requirements in effect during the term or
any part of the term hereof, regulating the use by Sublessee of the Premises, or
the operation of Sublessee's business. Sublessee shall not use or permit the use
of the Premises in any manner that will tend to create waste or a nuisance,
increase the cost of insurance, or which shall tend to disturb such other
tenants.
6.3 Condition of Premises. Sublessee hereby accepts the Premises in
their condition existing as of the date of the execution hereof, subject to all
applicable zoning, municipal, county and state laws, ordinances, and regulations
governing and regulating the Premises or their use, and accepts this Sublease
subject thereto and to all matters disclosed thereby and by any exhibits
attached hereto. Sublessee acknowledges that neither Sublessor nor Sublessor's
agents has made any representation or warranty as to the suitability of the
Premises for the conduct of Sublessee's business.
7. MASTER LEASE.
7.1 Sublessor is the lessee of the Premises by virtue of a written
lease hereinafter referred to as the "Master Lease", wherein Great Offices, Inc.
/ American Office Centers, L.L.C. of California is the Sublessor.
7.2 This Sublease is and shall be at all times subject and subordinate
to the Master Lease.
7.3 Sublessor agrees to maintain the Master Lease during the entire
term of this Sublease subject, however, to any earlier termination of the Master
Lease without default of Sublessor. In the event of such termination, this
Sublease shall likewise terminate.
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8. SERVICES.
8.1 Sublessor shall provide to Sublessee such heating, ventilating, air
conditioning and other utilities and janitorial service to the Premises in the
manner and in quantities which the Master Lessor provides under the Master Lease
at no additional charge to Sublessor. In the event that Sublessee's use of such
utilities results in an assessment by the Master Lessor under the Master Lease,
Sublessee shall immediately reimburse Sublessor for any charges therefor.
Sublessor shall in no event be liable for any damage to Sublessee's equipment
due to power surges or interruption of service.
8.2 Sublessor shall also provide or cause o be provided to Sublessee
telephone equipment, extensions, and lines as the parties shall designate upon
commencement of the lease term. Sublessor shall xxxx Sublessee, or cause fee to
be billed receipt of an itemized statement therefor and shall be considered
additional rent hereunder. In addition to any other remedies of Sublessor for
the failure of Sublessee to pay rent of additional rent hereunder, Sublessor may
terminate, or cause to be terminated or decline to present termination of,
telephone service to the Premises.
8.3 If Sublessee brings onto the Promises a copier, Sublessor shall
have the right to surcharge Sublessee the sum of $25.00 per month to be paid
with rent as additional rent hereunder.
8.3.1 If Sublessee brings onto the Premises a facsimile machine,
Sublessor shall have the right to surcharge Sublessee the sum of $25.00 per
month to be paid with rent as additional rent hereunder.
8.3.2 Sublessee hereby guarantees usage of administrative services
valued at $35.00 per office per month (refer to services list). Sublessee will
be charged $35.00 per office per month. Sublessee may accumulate the monthly
value; however any usage over the accumulated value will be billed at the price
list rate. Any unused accumulated administrative services at the end of the
lease term will be forfeited.
8.4 Sublessee understands the working principle of the suite as being
on a "first-come-first-serve" basis. In the event of a rush job, Sublessee's
responsibility is to make clear to Great Office Centers' staff the urgency of
the work to be done so that no misunderstanding can arise.
8.5 Sublessee acknowledges that all jobs with RUSH status will be
charged at time-and-a half the normal word processing rate.
8.6 Sublessee also acknowledges that all jobs performed after regular
hours are charged at an overtime rare: twice the normal word processing rate.
8.7 Sublessee acknowledges that Sublessor is not responsible or liable
for telephone and/or voice mail equipment malfunctions or any other occurrences
out of the control of Sublessor that may interrupt this service.
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8.8 Sublessee also acknowledges that incoming and outgoing massages are
oral, and Sublessor shall in no way be liable for any errors, omissions or
difficulties by its staff or equipment in the transmission of calls and
messages.
9. REPAIR AND MAINTENANCE.
9.1 Sublessee shall keep the interior of the Premises neat, clean and
in good order and condition. Sublessee shall be responsible for any and all
damage or deterioration in the Premises due to an act or omission of the
Sublessee or its invitees, other than that which is a result solely of ordinary
wear and tear.
9.2 Sublessee shall be responsible for any and all damage to telephone
or other office equipment due to an act of omission of the Sublessee of its
invitees, other than that which is a result solely of ordinary wear and tear.
10. ALTERATIONS.
10.1 Sublessee shall not make any alteration in or to the Premises
without the prior written consent of Sublessor, which consent shall be in its
sole discretion, and of the Master Lessor, which consent shall be subject to the
conditions set forth in the Master Lease.
11. RULES AND REGULATIONS.
11.1 Sublessee shall comply with all rules and regulations of the
building or development of which the Premises now are or may hereafter become a
part, and such other rules and regulations which Sublessor may promulgate from
time to time applicable to all subtenants.
11.2 Sublessee shall cause any children or minors visiting the Premises
to be orderly and quiet and shall restrict them to the confines of the Premises.
12. ASSIGNMENT AND SUBLETTING.
12.1 Sublessee shall not assign, mortgage or encumber the Sublease, nor
sublet, suffer or permit the Premises or any part thereof to be used by others
the prior written consent of Sublessor in each instance, which consent may not
be unreasonably withheld. If Sublessor grants such consent, and as a condition
thereof, during the term of such sublease, Sublessor shall be entitled to all
rents, additional charges or other consideration payable to Sublessee by the
sub-tenant in excess of the rent and other charges otherwise coming due under
the Sublease.
13. HOLDING OVER.
13.1 If Sublessee retains possession of the Premises or any part
thereof after the termination of this Sublease, Sublessee's occupancy of the
Premises shall be as a tenant at will terminable at any time by Sublessor.
Sublessee shall pay to Sublessor rent for such time as Sublessee remains in
possession at the rate of 200% of the total amount of rent payable hereunder for
the monthly immediately preceding termination date of this Sublease, and in
addition thereto, shall pay Sublessor for all actual damages sustained by reason
of Sublessee's retention of possession.
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14. SURRENDER OF THE PREMISES.
14.1 Upon termination of this Sublease, Sublessee shall peacefully
surrender the Premises in broom-clean condition and otherwise in as good
condition as when Sublessee took possession, except for reasonable wear and
tear.
15. INDEMNIFICATION.
15.1 Sublessee shall indemnify, save, defend, protect, and hold
Sublessor harmless from all claims, suits, actions, damages, liabilities and
expenses in connection with loss of life, bodily or personal injury, property
damage, or damage to Sublessee's business occurring or arising from or out of
the se or occupancy of the Premises or any part thereof or occasioned wholly or
in part by any act or omission of Sublessee or Sublessee's invitees, whether
occurring in or about the Premises, or in the common areas or elsewhere within
the building or development of which the Premises now are, or may hereafter
become, a part. Sublessee's duty of indemnification shall not apply to injury,
loss, or damage proximately caused by the negligence or willful act of Sublessor
or its agents, contractors or employees. Sublessee shall further indemnify,
save, protect and hold Sublessor harmless from any and all claims, suits,
actions, damages or liabilities arising out of Sublessee's failure to perform
and abide by the obligations of this Sublease.
16. SUBLESSEE'S INSURANCE.
16.1 Sublessee shall maintain at its own cost and expense insurance
against fire and other perils as may be included in extended coverage insurance
on Sublessee's property and leasehold improvements in an amount deemed adequate
by Sublessor to cover their replacement cost and comprehensive general liability
insurance on an occurrence basis with limits of liability in an amount not less
than $1 million combined single limit for each occurrence with respect to loss
of life, bodily and personal injury and damage to property by water or
otherwise. All such insurance shall name Sublessor as an additional insured and,
if reasonably requested by Sublessor, shall also name the Master Lessor as an
additional insured and shall contain appropriate endorsements denying
Sublessee's insurance the right of subrogation against Sublessor and the Master
Lessor, ad shall contain a provision whereby each insurer agrees not to cancel
such insurance without 30 days' prior written notice to Sublessor.
17. CONFIDENTIALITY: TEMPORARY WAIVER OF COLLECTION.
17.1 Sublessee acknowledges that (i) Sublessor has agreed to a
temporary waiver of its right to collect the difference, if any, between its
standard rates for the Premises and te occupancy and service rates set forth
elsewhere in this Sublease, (ii) some or all of the occupancy and service rates
that are set forth in this sublease may be less than Sublessor's standard rates
therefor, as such rates may reflect te effect of such temporary waiver, (iii)
Sublessor may partially or fully withdraw such temporary waiver an be permitted
to collect the amounts so temporarily waived if Sublessee does not fully comply
with the confidentiality provisions set forth in this section, and (iv) within
its sole discretion, Sublessor may withdraw such temporary on thirty (30) days
written notice to Sublessee, although, if such temporary waiver is withdrawn
pursuant to the provisions of this subsection (iv), Sublessor may not collect
the amounts so temporarily waived to the date of such withdrawal. Sublessee
acknowledges that, as of the
Page 6 of 12
effective date of this Sublease, te amounts that are the subject of such
temporary waiver are: (i) rent; (ii) additional rent; and (iii) services in the
amounts set forth on summary of lease. Sublessee acknowledges that any
disclosure by Sublessee of the existence of such temporary waiver or the amounts
thereof could cause Sublessor certain economic harm. Accordingly, Sublessee
agrees that it will hold in confidence all information concerning the terms and
conditions of this Sublease and will not disclose any of such information to any
third party at any time during or after the termination of this Sublease,
without the prior written consent of the Sublessor having been obtained;
provided, however, that Sublessee may disclose such information to its
professional service providers and to any relevant taxing authority, as well as
to comply with an order therefor of a court of competent jurisdiction. In the
event of any unauthorized disclosure of any such information and in furtherance
of Sublessor's rights as set forth in subsection (iii), above, and in addition
to any other rights and remedies to which the Sublessor otherwise might be
entitled. Sublessee shall, within ten (10) days written demand therefor, tender
to Sublessor such amounts as to which Sublessor had previously temporarily
waived, or was currently temporarily waiving, collection. The terms and
conditions of this section shall not apply to any information that has otherwise
been publicly disclosed by te Sublessor.
18. DEFAULT.
18.1 The occurrence of any of the following shall be event of default
under this Sublease: (i) Sublessee defaults in payments of rent or any other sum
of money to be paid pursuant to the terms of this Sublease for a period of three
(3) days after written notice thereof from Sublessor; (ii) Sublessee defaults in
the performance of any other term, covenant, condition or obligation of
Sublessee under this Sublease and fails to cure such default within a period of
twenty (20) days after receipt of notice from Sublessor specifying such default
(or if such default specified is not capable of cure within such twenty (20)
days after receipt of notice from Sublessee fails immediately after notice from
Sublessor to commence to cure such default and diligently to pursue completion
of such cure during and after such twenty (20) day period); (iii) if Sublessee
abandons or vacates any portion of the Premises for fifteen (15) consecutive
days; (iv) if Sublessee makes any transfer, assignment, conveyance, sale, pledge
or disposition of all or a substantial portion of the Premises other than by
reason of an assignment or subletting of the Premises under the conditions
permitted under this Sublease; or (v) if Sublessee's interest herein is sold
under execution.
18.2 Upon any event of default, Sublessor shall have all rights
specified under the laws of the State of California.
18.3 In the event of default, Sublessor may charge te following costs
for actions taken to rectify the state of default. Sublessor will charge an
administrative fee of $100.00 for the issuance of a "3-day Notice". Sublessor
will charge a reconnect fee for any full or partial disconnects resulting from
default.
18.4 In the event of default, and once Sublessee has failed to cure a 3
day notice, Sublessor waives all of his rights to occupy one or more of the
offices he leases from Sublessor. Sublessor, at Sublessee sole cost, and at
Sublessee's own risk, will move and store Sublessee
Page 7 of 12
property and belongings to a proper storage facility, where Sublessee will be
able to recover his/her property upon demand.
19. NOTICES.
19.1 All notices, demands or other communications ("Notice") permitted
or required to be given hereunder shall be in writing, and if mailed, postage
prepaid shall be deemed given three (3) days after the date of mailing thereof
or on the date of actual receipt whichever is sooner, all other notices shall be
deemed given on the date of actual receipt. Notices shall be addressed as
follows:
(a) If to Sublessor, to the address specified on the signature
page of this Sublease; and
(b) If to Sublessee, its address at the Premises;
(c) Sublessor may from time to time by written notice designate
such other place to receive future notices.
19.2 Once Sublessee has given notice to vacate said premises, Sublessor
reserves the right to show the Premises to prospective tenants during or before
or after normal business hours.
20. SMOKING.
20.1 To preserve the quality of the enviRONment in the executive sites
of which the premises are a part, Sublessee agrees that smoking is not permitted
within the confines of the Premises, the executive suites, and on the floor
where such suites are located.
21. ATTORNEY'S FEES.
21.1 If any party brings an action to enforce the terms hereof or to
declare rights hereunder, the prevailing party in any such action, on trial and
appeal, shall be entitled to his reasonable attorney's fees to be paid by the
losing party as fixed by the Court.
22. SUBLESSEE/EMPLOYEE RELATIONS.
22.1 The suite staff and Suite Manager do not report to Sublessee, nor
are they employees of Sublessee.
22.2 Sublessee acknowledges that Sublessor has invested significant
time and effort at a substantial cost to trail its staff and management. Should
Sublessee hire a staff or management member, or should Sublessee encourage a
staff or management member to leave the employ of Sublessor, Sublessee will pay
Sublessor a finder's fee of $7,500.00 for each such staff or management member
so hired or encouraged to leave.
23. RELOCATION OF PREMISES.
23.1 Sublessor shall have the right to relocate the Premises to another
part of Sublessor's estate in accordance with the following:
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(a) The new premises shall be substantially the same in size,
dimensions, configuration, decor, and nature as the Premises
described in this Sublease;
(b) Sublessor shall give Sublessee not less than ten (10) days
written notice of Sublessor's intention to relocate the
premises.
(c) As nearly as practicable, the physical relocation of Sublessee
from the Premises to the new premises shall take place on a
weekend and shall be completed before the following Monday.
Upon completion of such relocation, the new premises shall
become the "Premises" under this Sublease.
(d) The direct costs of any such relocation shall be borne by
Sublessor; and
(e) The parties hereto shall immediately execute an amendment to
this Sublease setting forth the relocation of the Premises and
any other modifications to the terms of this Sublease.
24. USE RESTRICTION.
24.1 No portion of the Premises shall be used by Sublessee to provide
similar services as those offered by Sublessor which would create a conflict of
interest. Should the situation arise, penalties and damages will be sough by
Sublessor at Sublessee's expense.
25. CREDIT REPORT.
25.1 Sublessee will complete and return the requested credit
application prior to the commencement of said lease term. Sublessee authorizes
Sublessor to run a credit report at Sublessee's sole cost.
26. ADDENDUM.
26.1 This Sublease shall also include Paragraphs through as set forth
on the Addendum attached hereto.
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SUMMARY OF LEASE
Sublessor: GREAT OFFICES, INC./AMERICAN OFFICE CENTERS, L.L.C.
Sublessee: Trinity Medical Group USA Inc.
Premises: 00000 Xxxxx Xxxxxx, Xxxxx 000 XXX, XX 00000
Office #: 14 a&b
Lease Term: 1 Year
Start: 12/1/00
End: 11/30/01
Monthly Rent: $1,800.00
Additional Rent: Telephone Equipment: $ 50.00
Telephone Lines: $ 50.00
Facsimile Lines & Ports: $ 40.00
Internet, Modem Lines
& Ports: $ 120.00 (T-1 Access for 2)
Administrative Services: $
Security Deposit: $2,060.00
Additional Refundable Telephone Equipment waived, First set of
Deposits: keys: waived. Any damage to phone or other
office equipment will be paid in full by
Sublessee.
Disclaimer: Sublessee understands that any xxxxxxxx0
deposits withheld by Sublessor may not be
applied or credited against any rent due.
Rental Payment: I, the undersigned, acknowledged
that rent & services are due on the 1st
day of te month and that penalties or
notice to vacate could be imposed by the
3rd day of the month if rent and
additional rent then due has not be
rendered to Sublessor.
Penalties: 6% of total invoice or $50, whichever is
greater, for each late payment 10% of
total invoice or $20, whichever is
greater, for each returned check.
Notice Conditions: Notice must be given on or before the last
day of the month prior to the 60 day
period.
TelephoneService: I, the undersigned, acknowledged that I
am liable to Great Offices, Inc./ American
Office Centers, L.L.C., for the payment
of all additional rent relating to telephone
equipment, extensions and lines. In the
event I am not in the position to meet my
obligations, I authorize Sublessor, or
designee, to remove equipment and
terminate extensions and lines immediately
when notified by verbal notice only.
Read & Accepted: /s/ Xxxx X. Xxxxxx
-----------------------------
Xxxx X. Xxxxxx
Dated: September 28, 2000
Page 10 of 12
SIGNATURE PAGE
SUBLESSOR: GREAT OFFICES, INC./AMERICAN OFFICE CENTERS, L.L.C.
AT: Corporate Xxxxxx
00000 Xxxxx Xxxxxxxxx, Xxxxx 000
Xxxxxxxxxx Xxxxx, XX 00000
DATE: October 16, 2000
By: /s/ Xxxx Xxxxx
----------------------
w/copy to:
Xxxxxxx Xxxx
Xxxxx & Xxxxxx
Jamboree Center
0 Xxxx Xxxxx, Xxx. 0000
Xxxxxx, XX 00000
SUBLESSEE: Trinity Medical Group USA Inc.
DATE:
By:/s/ Xxxx X. Xxxxxx
------------------------
Name: Xxxx X. Xxxxxx
Title: Chief Financial Officer
Page 11 of 12
ATTACHMENT A
COLLECTION POLICY
ARTICLE 1
---------
All rents and services are due on the first day of each
month, unless specified otherwise in the sublease.
ARTICLE 2
---------
As a courtesy to those who have payments mailed in, a
grace period through the third day of the month, no
later than 5:00 PM, is extended.
ARTICLE 3
---------
At 5:00 PM late fees on the third calendar day are
automatically charged to the account. Late fees are not
reversible and are due in full upon submittance of
statement.
ARTICLE 4
---------
If payment has not been received by 5:00 PM on the
fifth day of the month, a partial disconnect will occur
on all xxxx back services, including, but not limited
to:
o Telephone Usage, Dial Tone
o Mailing Equipment
o Photocopies, etc.
ARTICLE 5
---------
On the seventh day of the month, a three-day notice to
pay or quit will be issued. This three-day notice will
become effective at 5:00 PM on the eighth day of the
month. Full disconnect will then take place as well as
legal procedure to recover any outstanding debt for
rent and services.
o A three-day notice will incur the following
charges:
o $250 Administration Fee
o $100 for Reconnect Fees
IMPORTANT:
---------
A three-day notice will be immediately reported to the
following credit bureaus:
o TRW
o Dun & Bradstreet
o Trans Union
No further credit will be extended by Great Offices and all services are to be
paid in cash in advance.
IMPORTANT:
---------
o All dates are based on calendar days and not working
days.
o Once open credit has been lifted, a six month
moratorium on reinstatement will be instituted.
o Partial disconnect: Authorization codes will
be removed from all equipment. Telephones
will be restricted to prevent outgoing calls
from being made, although incoming calls
still can be answered by the suite's
receptionist.
o Full disconnect: Same as above except that
telephones will not be answered and calls
will connect directly to voice mail. You
will not be able to access voice mail until
full payment is made.
PAYMENT:
-------
o All payments are due in full. Payment must include:
o Current invoices (Rent, Services, and any
other Charges)
o Late fees
o Any past due amounts
o If you dispute any charge, please notify the Credit
Manager at 714/375-6668 immediately so we can query
and resolve the problem in a timely manner.
o If you withhold rent payment in a dispute, you will
be in default of your lease and procedures to collect
will be enforced.
o If you think you may be late, please notify Accounts
Receivable immediately so that arrangements can be
made if possible before a delinquent situation
occurs.
o We have a long history of working with our tenants;
so, do not hesitate to call when you need help.
Tenants Signature: /s/ Xxxx X. Xxxxxx
AOC Manager: /s/ Xxxxx Xxxxxxxx
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