Exhibit 10.5
SUBLEASE AGREEMENT
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This Sublease is entered into as of the 8th day of October, 1998, by
and between Xxxxxxxx-Xxxxxxxxx (hereinafter "Tenant") and Xxxxxxxxx
Communications, Inc. (hereinafter "Subtenant").
In relation to Tenant's lease of three thousand three hundred
seventy-nine (3,379) rentable square feet located at 0000 Xxxxxx Xxxxxxxxx,
Xxxxx X-0 Xxxxx Xxxx, Xxxxxxxxxx 00000 (hereinafter the "Premises"), Tenant and
Subtenant hereby express their mutual desire and intent to enter into a sublease
whereby Subtenant will be subletting a portion of the Premises leased to Tenant
in a total amount of one thousand seven hundred seventy-nine (1,779) rentable
square feet of the Premises (hereinafter the "Subleased Premises"). Subtenant
will lease from Tenant the Subleased Premises commencing on October 15, 1998,
through and including the end of the original term of Tenant's lease of the
Premises, which is August 20, 2000. Subtenant will pay to Tenant on the 1st day
of each month a total of One Thousand Five Hundred Twelve Dollars and Fifteen
Cents ($1,512.15), which equals Eighty-Five Cents ($.85) per square foot for the
Subleased Premises. If the Subtenant does not pay the monthly rent due by the
10th day of each month, a $150.00 late charge will be assessed. The amount of
rent Subtenant must pay Tenant on a monthly basis will increase to $1,579.15 as
of August 21, 1999 due to the increases in Tenant's rent for the Premises. If
Subtenant fails to pay rent due by the 10th day of any month that such rent is
due, Tenant may declare a default under this Sublease and give Subtenant 30
(thirty) days notice to vacate the Subleased Premises by delivering written
notice to anyone at the Subleased Premises. Subtenant will pay to Tenant one
month's security deposit equal to One Thousand Five Hundred Twelve Dollars and
Fifteen Cents ($1,512.15). If any items are missing or damaged at the Subleased
Premises, Subtenant hereby agrees to replace or reimburse said items. Subtenant
acknowledges and agrees that Subtenant is subject to all the terms and
provisions of the lease under which Tenant is occupying the Premises.
IN WITNESS WHEREOF, Tenant and Subtenant have executed this Sublease
Agreement as of the day and year first set forth above.
"Subtenant" "Tenant"
/s/ Xxxx Xxxxxxxxx /s/ Xxxxxxxx-Xxxxxxxxxx
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Xxxx Xxxxxxxxx Xxxxxxxx-Xxxxxxxxxx
CEO
Xxxxxxxxx Communications
