EXHIBIT 10.2
SUB-LEASE AGREEMENT
DATED JUNE 26, 2000
SUB-LEASE AGREEMENT
This Lease Agreement (this "Lease") is dated June 26, 2000, by and between
Xxxxx Xxxxx ("Sub-Landlord"), and Intelilabs Inc ("Sub-Lessee"). The parties
agree as follows:
PREMISES. Sub-Landlord, in consideration of the lease payments provided in
this Lease, leases to Sub-Lessee A 743 square foot suite at office building
at Xxxxxxxxx Blvd (the "Premises") located at Suite 620, at 0000 X Xxxxxxxxx
Xxxx., Xxx Xxxxxxx, XX 00000.
TERM. The lease term will begin on June 26, 2000 and will terminate on
January 31, 2001.
LEASE PAYMENTS. Sub-Lessee shall pay to Sub-Landlord monthly installments of
$1,448.85, payable in advance on the first day of each month, for a total
lease payment of $10,491.95. Lease payments shall be made to the Sub-Landlord
at 000 Xxxxxxx, Xxxxxx Xxx Xxx, XX 00000, which address may be changed from
time to time by the Sub-Landlord.
SECURITY DEPOSIT. At the time of the signing of this Lease, Sub-Lessee shall
pay to Sub-Landlord, in trust, a security deposit of $1,448.85 to be held and
disbursed for Sub-Lessee damages to the Premises (if any) as provided by law.
POSSESSION. Sub-Lessee shall be entitled to possession on the first day of
the term of this Lease, and shall yield possession to Sub-Landlord on the
last day of the term of this Lease, unless otherwise agreed by both parties
in writing. At the expiration of the term, Sub-Lessee shall remove its goods
and effects and peaceably yield up the Premises to Sub-Landlord in as good a
condition as when delivered to Sub-Lessee, ordinary wear and tear excepted.
DEFAULTS. Sub-Lessee shall be in default of this Lease if Sub-Lessee fails to
fulfill any lease obligation or term by which Sub-Lessee is bound. Subject to
any governing provisions of law to the contrary, if Sub-Lessee fails to cure
any financial obligation within 5 days (or any other obligation within 10
days) after written notice of such default is provided by Sub-Landlord to
Sub-Lessee, Sub-Landlord may take possession of the Premises without further
notice (to the extent permitted by law), and without prejudicing
Sub-Landlord's rights to damages. In the alternative, Sub-Landlord may elect
to cure any default and the cost of such action shall be added to
Sub-Lessee's financial obligations under this Lease. Sub-Lessee shall pay all
costs, damages, and expenses (including reasonable attorney fees and
expenses) suffered by Sub-Landlord by reason of Sub-Lessee's defaults. All
sums of money or charges required to be paid by Sub-Lessee under this Lease
shall be additional rent, whether or not such sums or charges are designated
as "additional rent". The rights provided by this paragraph are cumulative in
nature and are in addition to any other rights afforded by law.
LATE PAYMENTS. For any payment that is not paid within 5 days after its due
date, Sub-Lessee shall pay a late fee of $72.00.
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CUMULATIVE RIGHTS. The rights of the parties under this Lease are
cumulative, and shall not be construed as exclusive unless otherwise required
by law.
NOTICE. Notices under this Lease shall not be deemed valid unless given or
served in writing and forwarded by mail, postage prepaid, addressed as
follows:
SUB-LANDLORD:
Xxxxx Xxxxx
000 Xxxxxxx
Xxxxxx Xxx Xxx, XX 00000
SUB-LEASEE:
Intelilabs Inc
0000 Xxxxxxxxxxxx, 0xx Xxxxx, 00xx Xxxxxx
Xxxxx Xxxxxx, XX 00000
Such addresses may be changed from time to time by either party by providing
notice as set forth above. Notices mailed in accordance with the above
provisions shall be deemed received on the third day after posting.
GOVERNING LAW. This Lease shall be construed in accordance with the laws of
the State of California.
ENTIRE AGREEMENT/AMENDMENT. This Lease Agreement contains the entire
agreement of the parties and there are no other promises, conditions,
understandings or other agreements, whether oral or written, relating to the
subject matter of this Lease. This Lease may be modified or amended in
writing, if the writing is signed by the party obligated under the amendment.
SEVERABILITY. If any portion of this Lease shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall continue to be
valid and enforceable. If a court finds that any provision of this Lease is
invalid or unenforceable, but that by limiting such provision, it would
become valid and enforceable, then such provision shall be deemed to be
written, construed, and enforced as so limited.
WAIVER. The failure of either party to enforce any provisions of this Lease
shall not be construed as a waiver or limitation of that party's right to
subsequently enforce and compel strict compliance with every provision of
this Lease.
BINDING EFFECT. The provisions of this Lease shall be binding upon and inure
to the benefit of both parties and their respective legal representatives,
successors and assigns.
SUB-LANDLORD:
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/s/ Xxxxx Xxxxx Date: June 22, 2000
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Xxxxx Xxxxx
SUB-LEASEE:
INTELILABS INC
By: /s/ Zain X. Xxxxxxx Date: June 22, 2000
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Zain H Xxxxxxx,
CEO
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