This Lease Agreement, made the 1st day of March 2001,
Between
000 XXXXXXXXX XXXXXX GROUP
residing or located at 00 Xxxxxxxx Xxxxxx
in the City of Hackensack in the County of Bergen and State of New Jersey,
herein designated as the Landlord,
And
TEL-INSTRUMENT ELECTRONICS CORP.
residing or located at 000 Xxxxxx Xxxxxx
in the Borough of Carlstadt in the County of Bergen and State of New Jersey,
herein designated as the Tenant;
Witnesseth that, the Landlord does hereby lease to the Tenant and the Tenant
does hereby rent from the Landlord, the following described premises: 19,564
square feet in the building known as 000 Xxxxxx Xxxxxx, Xxxxxxxxx, Xxx Xxxxxx
for a term of ten (10) years
commencing on March 1, 2001, and ending on February 28, 2011, to be used and
occupied only and for no other purpose than warehouse and office purposes,
distribution, assembly and packaging operations and any other allied use
permitted by law, including the operation of the Tenant's business as presently
operated or as may be reasonably modified.
Upon the following Conditions and Covenants:
1st: The Tenant covenants and agrees to pay to the Landlord, as rent for and
during the term hereof, the sum of $ See Schedule on Rider Attached. in the
following manner:
2nd: The Tenant has examined the premises and has entered into this lease
without any representation on the part of the Landlord as to the condition
thereof. The Tenant shall take good care of the premises and shall at the
Tenant's own cost and expense, make all repairs, including painting and
decorating, and shall maintain the premises in good condition and state of
repair, and at the end or other expiration of the term hereof, shall deliver up
the rented premises in good order and condition, wear and tear from a reasonable
use thereof, and damage by the elements not resulting from the neglect or fault
of the Tenant, excepted. The Tenant shall neither encumber nor obstruct the
sidewalks, driveways, yards, entrances, hallways and stairs, but shall keep and
maintain the same in a clean condition, free from debris, trash, refuse, snow
and ice.
3rd: In case of the destruction of or any damage to the glass in the leased
premises, or the destruction of or damage of any kind whatsoever to the said
premises, caused by the carelessness, negligence or improper conduct on the part
of the Tenant or the Tenant's agents, employees, guests, licensees, invitees,
subtenants, assignees or successors, the Tenant shall repair the said damage or
replace or restore any destroyed parts of the premises, as speeedily as
possible, at the Tenant's own cost and expense.
4th: No alterations, additions or improvements, except existing improvements
and work currently being done shall be made, and no climate regulating, air
conditioning, cooling, heating or sprinkler systems, television or radio
antennas, heavy equipment, apparatus and fixtures, shall be installed in or
attached to the leased premises, without the written consent of the Landlord.
Unless otherwise provided herein, all such alterations, additions or
improvements and systems, when made, installed in or attached to the said
premises, shall belong to and become the property of the Landlord and shall be
surrendered with the premises and as part thereof upon the expiration or sooner
termination of this lease, without hindrance, molestation or injury.
5th: The Tenant shall not place nor allow to be placed any signs of any
kind whatsoever, upon, in or about the said premises or any part thereof, except
of a design and structure and in or at such places as may be indicated and
consented to by the Landlord in writing. In case the Landlord or the Landlord's
agents, employees or representatives shall deem it necessary to remove any such
signs in order to paint or make any repairs, alterations or improvements in or
upon said premises or any part thereof, they may be so removed, but shall be
replaced at the Landlord's expense when the said repairs, alterations or
improvements shall have been completed. Any signs permitted by the Landlord
shall at all times conform with all municipal ordinances or other laws and
regulations applicable thereto.
6th: The Tenant shall pay when due all the rents or charges for water or
other utilities used by the Tenant, which are or may be assessed or imposed upon
the leased premises or which are or may be charged to the Landlord by the
suppliers thereof during the term hereof, and if not paid, such rents or charges
shall be added to and become payable as additional rent with the installment of
rent next due or within 30 days of demand therefor, whichever occurs sooner.
7th: The Tenant shall promptly comply with all laws, ordinances, rules,
regulations, requirements and directives of the Federal, State and Municipal
Governments or Public Authorities and of all their departments, bureaus and
subdivisions, applicable to and affecting the said premises, their use and
occupancy, for the correction, prevention and abatement of nuisances, violations
or other grievances in, upon or connected with the said premises, during the
term hereof; and shall promptly comply with all orders, regulations,
requirements and directives of the Board of Fire Underwriters or similar
authority and of any insurance companies which have issued or are about to issue
policies of insurance covering the said premises and its contents, for the
prevention of fire or other casualty, damage or injury, at the Tenant's own cost
and expense.
8th: The Tenant, at Tenant's own cost and expense, shall obtain or provide
and keep in full force for the Landlord, during the term hereof, general public
liability insurance, insuring the Landlord to the extent Tenant's insurance
against any and all liability or claims of liability arising out of, occasioned
by or resulting from any accident or otherwise in or about the leased premises,
for injuries to any person or persons, for limits of not less than $1,000,000.00
or injuries to one person and $1,000,000.00 for injuries to more than one
person, in any one accident or occurence, and for loss or damage to the property
of any person or persons, for not less than $250,000.00. The policy or policies
of insurance shall be of a company or companies authorized to do business in
this State and shall be delivered to the Landlord, together with evidence of the
payment of the premiums therefor, not less than fifteen days prior to the
commencement of the term hereof or of the date when the Tenant shall enter into
possession, whichever occurs sooner. At least fifteen days prior to the
expiration or termination date of any policy, the Tenant shall deliver a renewal
or replacement policy with proof of the payment of the premium therefor. The
Tenant also agrees to and shall save, hold and keep harmless and indemnify the
Landlord from and for any and all payments, expenses, costs, attorney fees and
from and for any and all claims and liability for losses or damage to property
or injuries to persons occasioned wholly or in part by or resulting from any
acts or omissions by the Tenant or the Tenant's agents, employees, guests,
licensees, invites, subtenants, assignees or successors, or for any cause or
reason whatsoever arising out of or by reason of the occupancy by the Tenant and
the conduct of the Tenant's business.
9th: The Tenant shall not, without the written consent of the Landlord,
assign, mortgage or hypothecate this lease nor sublet or sublease the premises
or any part thereof. The Landlord shall not uneasonably refuse to consent to
sublet or assignment.
10th: The Tenant shall not occupy or use the leased premises or any part
thereof, nor permit or suffer the same to be occupied or used for any purposes
other than as herein limited, nor for any purpose deemed unlawful, disreputable,
or extra hazardous, on account of fire or other casualty.
11th: This lease shall not be a lien against the said premises in respect to
any mortgages that may hereafter be placed upon said premises. The recording of
such mortgage or mortgages shall have preference and precedence and be superior
and prior in lien to this lease, irrespective of the date of recording and the
Tenant agrees to execute any instruments, without cost, which may be deemed
necessary or desirable, to further effect the subordination of this lease to any
such mortgage or mortgages. A refusal by the Tenant to execute such instruments
shall entitle the Landlord to the option of cancelling this lease, and the term
hereof is hereby expressly limited accordingly.
12th: If the land and premises lease herein, or of which the leased premises
are a part, or any portion thereof, shall be taken under eminent domain or
condemnation proceedings, or if suit or other action shall be instituted for the
taking or condemnation thereof, or if in lieu of any formal condemnation
proceedings or actions, the Landlord shall grant an option to purchase and or
shall sell and convey the said premises or any portion thereof, to the
governmental or other public authority, agency, body or public utility, seeking
to take said land and premises or any portion thereof, then this lease, at the
option of the Landlord, shall terminate, and the term hereof shall end as of
such date as the Landlord shall fix by notice in writing; and the Tenant shall
have no claim or right to claim or be entitled to any portion of any amount
which may be awarded as damages or paid as the result of such condemnation
proceedings or paid as the purchase price for such option, sale or conveyance in
lieu of formal condemnation proceedings; and all rights of the Tenant to
damages, if any, are hereby assigned to the Landlord. The Tenant agrees to
execute and deliver any instruments, at the expense of the Landlord, as may be
deemed necessary or required to expedite any condemnation proceedings or to
effectuate a proper transfer of title to such governmental or other public
authority, agency, body or public utility seeking to take or acquire the said
lands and premises or any portion thereof. The Tenant covenants and agrees to
vacate the said premises, remove all the Tenant's personal property therefrom
and deliver up peaceable possession thereof to the Landlord or to such other
party designated by the Landlord in the aforementioned notice. Failure by the
Tenant to comply with any provisions in this clause shall subject the Tenant to
such costs, expenses, damages and losses as the Landlord may incur by reason of
the Tenant's breach hereof.
13th: In case of fire or other casualty, the Tenant shall give immediate
notice to the Landlord. If the premises shall be partially damaged by fire, the
elements or other casualty, the Landlord shall repair the same as speedily as
practicable, but the Tenant's obligation to pay the rent hereunder shall not
cease. If, in the opinion of the Landlord, the premises be so extensively and
substantially damaged as to render them untenantable, then the rent shall cease
until such time as the premises shall be made tentable by the Landlord. However,
if, in the opinion of the Landlord, the premises be totally destroyed or so
extensively and substantially damaged as to require practically a rebuilding
thereof, then the rent shall be paid up to the time of such destruction and then
and from thenceforth this lease shall come to an end. In no event however, shall
the provisions of this clause become effective or be applicable, if the fire or
other casualty and damage shall be the result of the carelessness, negligence or
improper conduct of the Tenant or the Tenant's agents, employees, guests,
licensees, invitees, subtenants, assignees or successors. In such case, the
Tenant's liability for the payment of the rent and the performance of all the
covenants, conditions and terms hereof on the Tenant's part to be performed
shall continue and the Tenant shall be liable to the Landlord for the damage and
loss suffered by the Landlord. If the Tenant shall have been insured against any
of the risks herein covered, then the proceeds of such insurance shall be paid
over to the Landlord to the extent of the Landlord's costs and expenses to make
the repairs hereunder, and such insurance carriers shall have no recourse
against the Landlord for reimbursement.
14th: If the Tenant shall fail or refuse to comply with and perform any
conditions and covenants of the within lease, the Landlord may, if the Landlord
so elects, carry out and perform such conditions and covenants, at the cost and
expense of the Tenant, and the said cost and expense shall be payable on demand,
or at the option of the Landlord shall be added to the installment of rent due
immediately thereafter but in no case later than one month after such demand,
whichever occurs sooner, and shall be due and payable as such. This remedy shall
be in addition to such other remedies as the Landlord may have hereunder by
reason of the breach by the Tenant of any of the covenants and conditions in
this lease contained.
15th: The Tenant agrees that the Landlord and the Landlord's agents,
employees or other representatives, shall have the right to enter into and upon
the said premises or any part thereof, at all reasonable hours, for the purpose
of examining the same or making such repairs or alterations therein as may be
necessary for the safety and preservation thereof. This clause shall not be
deemed to be a covenant by the Landlord nor be construed to create an obligation
on the part of the Landlord to make such inspection or repairs.
16th: The Tenant agrees to permit the Landlord and the Landlord's agents,
employees or other representatives to show the premises to persons wishing to
rent or purchase the same, and Tenant agrees that on and after __________ next
preceding the expiration of the term hereof, the Landlord or the Landlord's
agents, employees or other representatives shall have the right to place notices
on the front of said premises or any part thereof, offering the premises for
rent or for sale; and the Tenant hereby agrees to permit the same to remain
thereon without hindrance or molestation.
17th: If for any reason it shall be impossible to obtain fire and other
hazard insurance on the buildings and improvements on the leased premises, in an
amount and in the form and in insurance companies acceptable to the Landlord,
the Landlord may, if the Landlord so elects at any time thereafter, terminate
this lease and the term hereof, upon giving to the Tenant fifteen days notice in
writing of the Landlord's intention so to do, and upon the giving of such
notice, this lease and the term thereof shall terminate. If by reason of the use
to which the premises are put by the Tenant or character of or the manner in
which the Tenant's business is carried on, the insurance rates for fire and
other hazards shall be increased, the Tenant shall upon demand, pay to the
Landlord, as rent, the amounts by which the premiums for such insurance are
increased. Such payment shall be paid with the next installment of rent but in
no case later than one month after such demand, whichever occurs sooner.
18th: Any equipment, fixtures, goods or other property of the Tenant, not
removed by the Tenant upon the termination of this lease, or upon any quitting,
vacating or abandonment of the premises by the Tenant, or upon the Tenant's
eviction, shall be considered as abandoned and the Landlord shall have the
right, without any notice to the Tenant, to sell or otherwise dispose of the
same, at the expense of the Tenant, and shall not be accountable to the Tenant
for any part of the proceeds of such sale, if any.
19th: If there should occur any default on the part of the Tenant in the
performance of any conditions obligations to and covenants herein contained, or
if during the term hereof the premises or any part thereof shall be or become
abandoned or deserted, vacated or vacant, or should the Tenant be evicted by
summary proceedings or otherwise, the Landlord, in addition to any other
remedies herein contained or as may be permitted by law, may either by force or
otherwise, without being liable for prosecution therefor, or for damages, after
20 days' written notice to Tenant re-enter the said premises and the same have
and again possess and enjoy; and as agent for the Tenant or otherwise, re-let
the premises and receive the rents therefor and apply the same, first to the
payment of such expenses, reasonable attorney fees and costs, as the Lendlord
may have been put to in re-entering and repossessing the same and in making such
repairs and alterations as may be necessary; and second to the payment of the
rents due hereunder. The Tenant shall remain liable for such rents as may be in
arrears and also the rents as may accrue subsequent to the re-entry by the
Landlord, to the extent of the difference between the rents reserved hereunder
and the rents, if any, received by the Landlord during the remainder of the
unexpired term hereof, after deducting the aforementioned expenses, fees and
costs; the same to be paid as such deficiences arise and are ascertained each
month.
20th: Upon the occurence of any of the contingencies set forth in the
preceding clause, or should the Tenant be adjudicated a bankrupt, insolvent or
placed in receivership, or should proceedings be instituted by or against the
Tenant for bankruptcy, insolvency, receivership, agreement of composition, or
assignment for the benefit of creditors, or if this lease or the estate of the
Tenant hereunder shall pass to another by virtue of any court proceedings, writ
of execution, levy, sale, or by operation of law, the Landlord may, if the
landlord so elects, at any time thereafter, terminate this lease and the term
hereof, upon giving to the Tenant or to any trustee, receiver, assignee or other
person in charge of or acting as custodian of the assets or property of the
Tenant, 20 days notice in writing, of the Landlord's intention so to do. Upon
the giving of such notice, this lease and the term hereof shall end on the date
fixed in such notice as if the said date was the date originally fixed in this
lease for the expiration hereof; and the Landlord shall have the right to remove
all persons, goods, fixtures and chattels therefrom, by force or otherwise,
without liability for damages.
21st: The Landlord shall not be liable for any damage or injury which may be
sustained by the Tenant or any other person, as a consequence of the failure,
breakage, leakage, or obstruction of the water, plumbing, steam, sewer, waste or
soil pipes, roof, drains, leaders, gutters, valleys, downspouts or the like or
of the electrical, gas, power, conveyor, refrigeration, spinkler,
airconditioning or heating systems, elevators or hoisting equipment; or by
reason of the elements; or resulting from the carelessness, negligence or
improper conduct on the part of any other Tenant or of the Landlord or the
Landlord's or this or any other Tenant's agents, employees, guests, licensees,
invitees, subtenants, assignees or successors; or attributable to any
interference with, interruption of or failure, beyond the control of the
landlord, of any services to be furnished or supplied by the Landlord.
22nd: The various rights, remedies, options and elections of the Landlord,
expressed herein, are cumulative, and the failure of the Landlord to enforce
strict performance by the Tenant of the conditions and convenants of this lease
or to exercise any election or option or to resort or have recourse to any
remedy herein conferred or the acceptance by the Landlord of any installment of
rent after any breach by the Tenant, in any one or more instances, shall not be
construed or deemed to be a waiver or a relinquishment for the future by the
Landlord of any such conditions and covenants, options, elections or remedies,
by the same shall continue in full force and effect.
23rd: This lease and the obligation of the Tenant to pay the rent hereunder
and to comply with the convenants and conditions hereof, shall not be affected,
curtailed, impaired or excused because of the Landlord's inability to supply any
service or material called for herein, by reason of any rule, order, regulation
or preemption by any governmental entity, authority, department, agency or
subdivision or for any delay which may arise by reason of negotiations for the
adjustment of any fire or other casualty loss or because of strikes or other
labor trouble or for any cause beyond the control of the Landlord. However, the
Tenant's rent obligation shall be suspended if Tenant is constructively evicted,
defined as unihabitable for the Tenant's purpose.
24th: The terms, conditions, covenants and provisions of this lease shall be
deemed to be severable. If any clause or provision herein contained shall be
adjudged to be invalid or unenforceable by a court of competent jurisdiction or
by operation of any applicable law, it shall not affect the validity of any
other clause or provision herein, but such other clauses or provisions shall
remain in full force and effect.
25th: All notices required under the terms of this lease shall be given and
shall be complete by mailing such notices by certified or registered mail,
return receipt requested, to the address of the parties as shown at the head of
this lease, or to such other address as may be designated in writing, which
notice of change of address shall be given in the same manner.
26th: The Landlord convenants and represents that the Landlord is the owner
of the premises herein leased and has the right and authority to enter into,
execute and deliver this lease; and does further convenant that the Tenant on
paying the rent and performing the conditions and covenants herein contained,
shall and may peaceably and quietly have, hold and enjoy the leased premises for
the term aforementioned.
27th: This lease contains the entire contract between the parties. No
representative, agent or employee of the Landlord has been authorized to make
any representations or promises with reference to the within letting or to vary,
alter or modify the terms hereof. No additions, changes or modifications,
renewals or extensions hereof, shall be binding unless reduced to writing and
signed by the Landlord and the Tenant.
30th: If any mechanics' or other liens shall be created or filed against the
leased premises by reason of labor performed or materials furnished for the
Tenant in the erection, construction, completion, alteration, repair or addition
to any building or improvement, the Tenant shall within 20 days thereafter, at
the Tenant's own cost and expense, cause such lien or liens to be satisfied and
discharged of record together with any Notices of Intention that may have been
filed. Failure so to do, shall entitle the Landlord to resort to such remedies
as are provided herein in the case of any default of this lease, in addition to
such as are permitted by law.
31st: The Tenant waives all rights of recovery against the Landlord or
Landlord's agents, employees or other representatives, for any loss, damages or
injury of any nature whatsoever to property or persons for which the Tenant is
insured. The Tenant shall use its best efforts to obtain from the Tenant's
insurance carriers and will deliver to the Landlord, waivers of the subrogation
rights under the respective policies.
32nd: The Tenant has this day deposited with the Landlord the sum of
$15,000.00 as security for the payment of the rent hereunder and the full and
faithful performance by the Tenant of the covenants and conditions on the part
of the Tenant to be performed. Said sum shall be returned to the Tenant, without
interest, after the expiration of the term hereof, provided that the Tenant has
fully and faithfully performed all such covenants and conditions and is not in
arrears in rent. During the term hereof, the Landlord may, if the Landlord so
elects, have recourse to such security, to make good any default by the Tenant,
in which event the Tenant shall on demand, promptly restore said security to its
original amount. Liability to repay said security to the Tenant shall run with
the reversion and title to said premises, whether any change in ownership
thereof be by voluntary alienation or as the result of judicial sale,
foreclosure or other proceedings, or the exercise of a right of taking or entry
by any mortgagee. The Landlord shall assign or transfer said security, for the
benefit of the Tenant, to any subsequent owner or holder of the reversion or
title to said premises, in which case the assignee shall become liable for the
repayment thereof as herein provided, and the assignor shall be deemed to be
released by the Tenant from all liability to return such security. This
provision shall be applicable to every alienation or change in title and shall
in no wise be deemed to permit the Landlord to retain the security after
termination of the Landlord's ownership of the reversion or title. The Tenant
shall not mortgage, encumber or assign said security without the written consent
of the Landlord.
RIDER TO LEASE 000 XXXXXXXXX XXXXXX GROUP, a New Jersey Partnership, "Landlord"
and TEL-INSTRUMENT ELECTRONICS CORP., a Corporation of the State of New Jersey,
"Tenant".
DATED:
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CONTINUATION OF "RENT": The Tenant shall pay rent during the lease term in
accordance with the following schedule:
(a) Tenant shall pay rent during the first year of the lease term,
commencing March 1, 2001 and ending February 28, 2002, at the rate of
$119,340.40 per annum, payable in equal monthly installments of $9,945.03;
(b) Tenant shall pay rent during the second year of the lease term,
commencing March 1, 2002 and ending February 28, 2003, at the rate of
$122,920.61 per annum, payable in equal monthly installments of $10,243.38;
(c) Tenant shall pay rent during the third year of the lease term,
commencing March 1, 2003 and ending February 29, 2004, at the rate of
$126,608.23 per annum, payable in equal monthly installments of $10,550.69;
(d) Tenant shall pay rent during the fourth year of the lease term,
commencing March 1, 2004 and ending February 28, 2005, at the rate of
$130,406.48 per annum, payable in equal monthly installments of $10,867.21;
(e) Tenant shall pay rent during the fifth year of the lease term,
commencing March 1, 2005 and ending February 28, 2006, at the rate of
$134,318.67 per annum, payable in equal monthly installments of $11,193.22;
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(f) Tenant shall pay rent during the sixth year of the lease term,
commencing March 1, 2006 and ending February 28, 2007, at the rate of
$138,348.23 per annum, payable in equal monthly installments of $11,529.02;
(g) Tenant shall pay rent during the seventh year of the lease term,
commencing March 1, 2007 and ending February 29, 2008, at the rate of
$142,498.68 per annum, payable in equal monthly installments of $11,874.89;
(h) Tenant shall pay rent during the eighth year of the lease term,
commencing March 1, 2008 and ending February 28, 2009, at the rate of
$146,773.64 per annum, payable in equal monthly installments of $12,231.14;
(i) Tenant shall pay rent during the ninth year of the lease term,
commencing March 1, 2009 and ending February 28, 2010, at the rate of
$151,176.85 per annum, payable in equal monthly installments of $12,598.07;
(j) Tenant shall pay rent during the tenth year of the lease term,
commencing March 1, 2010 and ending February 28, 2011, at the rate of
$155,712.16 per annum, payable in equal monthly installments of $12,976.01.
All of the aforesaid monthly payments shall be due and payable on the first
day of each and every month in advance for the term of the lease.
33rd: Notwithstanding the requirements of paragraph 4th of this lease, the
Landlord shall be responsible, at its own cost and expense, for the structural
portion of the building, including the roof and the maintenance and repair of
the parking lot.
2
34th: Tenant shall be responsible for the common area costs to the extent of
100% of same, and Tenant shall be responsible for the insurance and real estate
taxes assessed against the premises to the extent of 100% thereof. Landlord
shall furnish Tenant with statements for these charges not later than thirty
(30) days prior to the due date thereof.
35th: Landlord shall, at its own cost and expense, by May 1, 2001, replace
the two fire exit doors and the first floor shipping door.
36th: Tenant shall cooperate with the Landlord as to information concerning
the premises known to the Tenant and Landlord shall make the initial submission
to comply with all requirements of the Industrial Site Recovery Act, N.J.S.A.
13:1K-6, et seq., and the regulations promulgated thereunder ("ISRA"), and shall
make all submissions to provide all information to, and comply with all
requirements of the Bureau of Industrial Site Evaluation (the "Bureau") of the
New Jersey Department of Environmental Protection ("NJDEP"). Should the Bureau
or any other division of NJDEP determine that a cleanup plan be prepared and
that a cleanup be undertaken because of any spills or discharges or hazardous
substances or wastes at the premises caused by the Tenant or persons under
Tenant's control which occur during the term of this lease, then Tenant shall,
at Tenant's own expense, prepare and submit the required plans and financial
assurances, and carry out the approved plans. Tenant shall not be responsible
for any condition of the premises existing prior to the occupancy of the
premises. Any such fines imposed because of the Tenant's operation on the
premises shall be the responsibility of the Tenant. Landlord shall be
responsible to assume all ISRA-imposed requirements in the event of a
determination that any contamination is not caused by the Tenant or persons
under Tenant's control.
3
37th: In the event any monthly payment due under this lease is not paid
within ten (10) days of its due date by written notice of default, the said
payment shall be made accompanied by a sum equal to five (5%) percent of the
amount due.
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The Landlord may pursue the relief or remedy sought in any invalid clause,
by conforming the said clause with the provisions of the statutes or the
regulations of any governmental agency in such case made and provided as if the
particular provisions of the applicable statutes or regulations were set forth
herein at length.
In all references herein to any parties, persons, entities or corporations
the use of any particular gender or the plural or singular number is intended to
include the appropriate gender or number as the text of the written instrument
may require. All the terms, convenants and conditions herein contained shall be
for and shall inure to the benefit of and shall bind the respective parties
hereto, and their heirs, executors, administrators, personal or legal
representatives, successors and assigns.
In Witness Whereof, the parties hereto have hereunto set their hands and
seals, or caused these presents to be signed by their proper corporate officers
and their proper corporate seal to be hereto affixed, the day and year first
above written.
000 XXXXXXXXX XXXXXX GROUP
BY: /s/ Xxxxxxx X. Xxxxxx
--------------------------
Xxxxxxx X. Xxxxxx, Partner
TEL-INSTRUMENT ELECTRONICS CORP.
Tenant
By: /s/ Xxxxxxx X. Xxxxxx
--------------------------
Xxxxxxx X. Xxxxxx
Signed, Sealed and Delivered
in the presence of
or Attested by
____________________________
