EX-10.3
[LETTERHEAD OF CB XXXXXXX XXXXX]
XXXXX X. XXXXXXX
Associate
June 8, 2004
Xxxxx Xxxxx
XXXXX LAW FIRM
00 Xxxxx Xxxxxx
Xxx Xxxxxxxxx, XX 00000
RE: SONOMA COLLEGE
PROPOSED AMENDMENT TO LEASE
00 XXXXX XXXXXX
XXX XXXXXXXXX, XX
Dear Xxxxx:
As agent for Sonoma College ("Tenant"), I am pleased to submit the following
proposed lease amendment to the ownership of 00 Xxxxx Xxxxxx ("Building"), for
the premises located on the second and third floors of the building as outlined
in the terms and conditions below.
PREMISES: The entire second and third floors of 00 Xxxxx Xxxxxx
LEASE COMMENCEMENT: The proposed amendment shall commence on or about
June 15, 2004.
AMENDMENT TERM: Month to month Sixty (60) day notice to terminate
lease amendment.
ANNUAL FULL SERVICE Eight thousand four hundred thirty-eighty ($8,438.00)
BASE RENTAL RATE: dollars per month.
Enclosed for your review is a copy of our Sale/Lease Disclosure form.
The terms of this offer, and any further negotiations concerning this property,
are subject to the terms of the attached Disclosures and Acknowledgment
incorporated herein by this reference. Please review the Disclosure and confirm
that the information provided herein is accurate and correct, and advise
immediately if any such information is incorrect.
In addition, to assist the Tenant in the evaluation of the above-described
property, please provide to me any and all information which you may have
regarding environmental matters affecting the property and regarding the
condition of the property, including, but not limited to structural, mechanical
and soils conditions, the presence and location of asbestos, PCB transformers
and any other toxic, hazardous or contaminated substances, and underground
storage tanks, in, on, or about the property. Also, please provide me with any
information which you have regarding whether the subject property is subject to
the Americans with Disabilities Act (ADA), a federal law codified at 42 USC
Section 12101 et acq., whether the property is in compliance with the ADA and/or
whether any structural modifications may be required, whether by reason of this
transaction or otherwise, in order to comply with the ADA.
Mr. Xxxxx Xxxxx
June 8, 2004
Page 2 or 3
This proposal is intended solely as a preliminary expression of general
intentions and is to be used for discussion purposes only. The parties intend
that neither shall have any contractual obligations to the other with respect to
the matters referred herein unless and until a definitive agreement has been
fully executed and delivered by the parties. The parties agree that this
proposal is not intended to create any agreement or obligation by either party
to negotiate a definitive lease agreement and imposes no duty whatsoever on
either party to continue negotiations, including without limitation any
obligation to negotiate in good faith or in any way other than at arm's length.
Prior to delivery of a definitive executed agreement, and without any liability
to the other party, either party may (1) propose different terms from those
summarized herein, (2) enter into negotiations with other parties and/or (3)
unilaterally terminate all negotiations with the other party hereto.
CB Xxxxxxx Xxxxx represents only the Tenant in this transaction. This proposal
shall remain in effect until Wednesday, June 16, 2004 at 12:00 noon. The parties
hereto acknowledge that each may be negotiating simultaneously or concurrently
with others for the same space or requirement.
Best regards,
CB Xxxxxxx Xxxxx, Inc.
/s/ Xxxxx X. Xxxxxxx
XXXXX X. XXXXXXX
(000) 000-0000
cc: Xx. Xxxx Xxxxxxx, President, Sonoma College
AGREED AND ACCEPTED: AGREED AND ACCEPTED:
Sonoma College Landlord
Name: /s/ Xxxx Xxxxxxx Name: /s/ Xxxxx (illegible)
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Title: President Title: Owner
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Date: 7/6/04 Date: 6-30-04
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