EXHIBIT 10.10
SUBLEASE
This Sublease ("Sublease") is made this 1st day of November, 2003 by
and between Cygni Capital LLC (formerly Mezzanine Associates LLC), a
California limited liability corporation with an address at 000 Xxxxxxx
Xxxxxx Xx., Xxxxx 000, Xxxxxxx Xxxxx, XX 00000, ("Sublessor"), and Caneum,
Inc., a Nevada corporation registered to do business in California, with an
address at 000 Xxxxxxx Xxxxxx Xx., Xxxxx 000, Xxxxxxx Xxxxx, XX 00000 (the
"Sublessee").
RECITALS
A. Sublandlord, as Tenant, is leasing from The Irvine Company,
("Landlord") those certain premises located at 000 Xxxxxxx Xxxxxx Xxxxx,
Xxxxxxx Xxxxx, Xxxxxxxxxx, specifically Suite 220 consisting of
approximately 1,841 rentable square feet ("Premises") pursuant to that
certain lease dated May 28th 2002 ("Master Lease"), by and between THE
IRVINE COMPANY ("Landlord"), and Sublessor ("Tenant"). Subtenant
acknowledges having received and reviewed a copy of the Master Lease.
B. Sublandlord desires to lease to Subtenant and Subtenant desires
to lease from Sublandlord a portion of the Premises consisting of
approximately 130 rentable square feet (the "Sublease Premises") identified
as Office "E" as shown on Exhibit A attached hereto, on the terms and
conditions set forth in this Sublease.
NOW, THEREFORE, the parties hereto agree as follows:
1. PREMISES
Sublandlord leases to Subtenant and Subtenant hires from
Sublandlord the Sublease Premises, together with the appurtenances thereto
in an "as is" condition.
2. INCORPORATION OF MASTER LEASE
This Sublease is subject to all of the terms and conditions of
the Master Lease and Subtenant hereby accepts, assumes and agrees to
perform all the obligations of Sublandlord as Tenant under the Master Lease
and all of the terms and conditions of this Sublease (with each reference
therein to Landlord and Tenant to be deemed to refer to Sublandlord and
Subtenant, respectively). Subtenant shall not commit or permit to be
committed on the Sublease Premises any act or omission which shall violate
any term or condition of the Master Lease. In the event of the termination
for any reason of Sublandlord's interest as Tenant under the Master Lease,
then this Sublease shall terminate therewith without any liability of
Sublandlord to Subtenant; except that if this Sublease terminates as a
result of a default of one of the parties hereto, whether under this
Sublease, the Master Lease, or both, the defaulting party shall be liable
to the non-defaulting party for all direct damages suffered by the non-
defaulting party resulting from such termination. In no event shall either
party be liable to the other for any indirect, special, incidental,
consequential or punitive damages, including lost profits, which in any way
arise out of or relate to this Sublease.
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3. TERM
The term of this Sublease shall be from month to month commencing
on October 1, 2003.
4. USE
Subtenant shall use the Sublease Premises for general office and
for no other purpose.
5. RENTAL
(a) Subtenant shall pay to Sublandlord as rent for the Sublease
Premises, in advance, on the first day of each calendar month of the term
of this Sublease, without deduction, offset, prior written notice or
demand; in lawful money of the United States, the sum outlined in paragraph
12 herein. If the commencement and/or termination date is not the first
day of the month, a prorated monthly installment shall be paid at the then
current rate for the fractional month during which the Sublease commences
and/or terminates.
(b) Sublandlord acknowledges receipt from Subtenant, on the
execution hereof, of the sum of Five Hundred Dollars ($500.00) to be
applied against rent for the first full month of the term.
(c) Sublandlord does not require a security deposit from
Subtenant.
6. SURRENDER AT END OF TERM
Subtenant agrees to surrender the Sublease Premises on expiration
or earlier termination of the term hereof, in good condition and repair,
reasonable wear and tear excepted.
7. PARKING
All parking shall be subject to the terms and conditions of the
master lease. Subtenant shall contract and pay for parking stalls on an as
needed basis subject to the terms and conditions of the Master Lease.
8. TENANT IMPROVEMENTS AND SIGNAGE
Sublessor shall provide keys to the premises and repaint the
suite to match existing. Subtenant shall pay for building standard door
and directory signage subject to the terms and conditions of the lease.
9. LANDLORD'S WRITTEN CONSENT
This Sublease is conditioned upon and effective only upon
obtaining the written consent of Landlord.
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10. NOTICES
All notices and demands of any kind required to be given by
Sublandlord or Subtenant hereunder shall be in writing and shall be
effective upon receipt.
11. INSURANCE
Insurance requirements pertaining to Sublandlord as Tenant under
Exhibit D of the Master Lease shall also apply to Subtenant.
12. BASE RENT
Subtenant shall pay to Sublandlord as Base Monthly Rent for the
Premises:
Base Rent Per Month
$500.00
13. SIGNAGE
Subtenant will have signage outside office, at their own expense.
14. OPERATING EXPENSES
There shall be no operating expense pass throughs during the
sublease term.
SUBLANDLORD: SUBTENANT:
Cygni Capital LLC Caneum, Inc.
A California limited liability company A Nevada corporation
By: /s/ Xxxx Chess Xxxxx By: /s/ Xxxxxxx Xxxxx Mudan
Xxxx Chess Xxxxx, President Xxxxxxx Xxxxx Mudan, President
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