LEASE AGREEMENT
This
(“Lease”) is made as of this, the 1st
day of
February, 2006, between Xxxxxxxxxx LLC a(n) OHIO Limited liability Company
whose
address is 0000 Xxxxxxx Xx Xxxxxxxxxx Xxxx 00000 (“Landlord”), and Info-Hold,
Inc , a(n) Ohio Corporation whose address is 0000 Xxxxxxx xx Xxxxxxxxxx Xxxx
00000 (“Tenant”).
1. PREMISES.
Landlord hereby leases to Tenant, upon the terms and conditions set forth
below,
the premises located at 0000 Xxxxxxx xx Xxxxxxxxxx Xxxx 00000 (the “Premises”).
2. TERM.
The
term of this Lease shall be one (1) years, commencing on February 1ST
, 2006
(the “Commencement Date”), and ending on January 30th
2007,
unless earlier terminated in accordance with the terms hereof. Landlord shall
deliver possession of the Premises to Tenant as of the Commencement Date.
3. RENT.
Tenant
shall pay the Monthly lease amount to 3,250.00 for the initial term of the
lease
Monthly
installments of such rent in the amounts of $3,250.00 shall be due and payable
on the first day of each month of the term, commencing on the Commencement
Date.
In addition a fee of 1,500.00 for the sub lease of space to Konkord USA,
which
provides services to the Tenant as “Trade services of Computer services and
equipment”
4. USE.
Tenant
may use the Premises for any lawful purpose.
5. TAXES.
Real
estate taxes and assessments on the Premises shall be paid by
Landlord.
6. UTILITIES.
During
the term of this Lease, Tenant shall obtain and pay for all sewer, water,
electric, heat, trash removal and other utility services furnished to or
consumed on the Premises.
7. INSURANCE.
Landlord shall maintain insurance on the Premises, in an amount and scope
as to
be determined by the parties to this Lease. And tenant will also obtain tenants
insurance to cover its assets.
8. MAINTENANCE.
During
the term hereof, Landlord shall at its cost and expense maintain in good
condition and repair, the interior and exterior of the Premises, all structural
portions of the Premises, including, without limitation, the roof, weight
bearing walls and columns, footings, foundations and structural floors; and
shall, at its expense, provide maintenance of the water, gas and electrical
fixtures, replace all broken glass, make repairs to any plumbing or electrical
lines within the Premises, and replace all lost or broken keys. landlord
shall
keep the lawns, yards, sidewalks and drives on or about the Premises in a
clean,
sightly, and sanitary condition and free of ice and snow. Landlord shall
keep
all lawns and shrubbery at all times in a neat and presentable condition.
Landlord acknowledges that it is responsible for making all repairs,
replacements and renewals of the Premises during the term hereof, whether
structural or non-structural, foreseen or unforeseen, ordinary or extraordinary,
interior or exterior, necessary to put or maintain the Premises in good
condition and repair.
9. NOTICES.
All
notices required or permitted by this Lease shall be in writing and shall
be
addressed to the parties at their addresses first set forth above, or at
such
other address as either party may provide by giving written notice to the
other.
Any notice shall be effective on the earlier of (a) actual receipt thereof
or
(b) 3 days after the same is sent by certified mail, postage prepaid, addressed
as set forth above.
10. DEFAULT.
The
following shall constitute a default hereunder:
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(1)
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(2)
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If
Tenant or Landlord defaults in the performance of any covenant
or
condition of this Lease not involving the payment of money, for
a period
of thirty (30) days after service of written notice thereof, then,
the
non-defaulting party may exercise any and all legal remedies available
at
law or in equity, all such remedies being cumulative, provided
that if
such default cannot reasonably be cured within thirty (30) days,
then so
long as the party obligated to cure such default has diligently
commenced
such cure, then such party shall have a reasonable time in excess
of
thirty (30) days to complete such
cure.
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11. ASSIGNMENT
AND SUBLETTING.
Tenant
may not assign this Lease in whole or in part or sublet all or any part of
the
Premises unless Landlord has given its prior written consent. Tenant may
not
mortgage, hypothecate or pledge any interest in this Lease or the Premises.
Landlord
shall have the absolute right, without consent from or notice to Tenant,
to
assign this Lease or sell or transfer the Premises, or any portion
thereof.
12.
EXPIRATION.
Upon
the expiration or earlier termination of this Lease, Tenant shall surrender
to
Landlord the Premises in good condition and repair, ordinary wear and tear,
action by the elements, fire, other casualty, depreciation, condemnation,
or
appropriation excepted. Any damage caused by the removal of Tenant’s trade
fixtures and personalty shall be repaired by Tenant at its expense.
13. BROKERAGE.
The
parties hereto represent and warrant to each other that they have not dealt
with
any broker, consultant, finder or like agent who might be entitled to
compensation in connection with the transactions contemplated
hereby.
14.
MISCELLANEOUS.
This
Lease is the entire agreement of the parties and supersedes any prior
negotiations. This Lease shall be binding upon and inure to the benefit of
the
parties and their successors and assigns. No waiver of any provisions of
this
Lease shall be effective unless in writing, and no waiver on one occasion
shall
constitute a waiver on any further occasion. The provisions of this Lease
shall
be severable and the invalidity of one provision shall not affect any others.
Tenant
shall have and enjoy under this Lease the quiet and undisturbed possession
of
the Premises. The
interpretation and enforcement of this Lease shall be governed by the law
of
Ohio.
REMAINDER
OF THIS PAGE LEFT INTENTIONALLY BLANK
WITNESS
the execution hereof as of the date first written above.
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LANDLORD:
Xxxxxxxxxx
LLC
a(n)
Ohio Limited liability Company
By:
s/s Xxxx X Xxxxxxxxxx President
0000
Xxxxxxx Xx Xxxxxxxxxx Xxxx 00000
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TENANT:
Info-Hold,
Inc
___________________________________
a(n)
Delaware Corporation
By:
s/s Xxxx X Xxxxxxxxxx -President /CEO
0000
Xxxxxxx Xx Xxxxxxxxxx Xxxx 00000
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