SUBLEASE AGREEMENT
SUBLEASE AGREEMENT made this April 1, 2004, between Sportsnuts, Inc., with an
address at 00000 Xxxxx Xxxxx Xxxxxx Xxxxx 000, Xxxxxx, XX 00000 (hereinafter
referred to as "Landlord") and Synerteck Incorporated, with an address at 00000
Xxxxx Xxxxx Xxxxxx Xxxxx 000, Xxxxxx, XX 00000 (hereinafter referred to as
"Tenant").
IT IS THEREFORE AGREED:
1. PREMISES: The Landlord shall sublease a portion of the office space to the
Tenant the premises located at 00000 Xxxxx Xxxxx Xx. Xxxxx 000 Xxxxxx, Xxxx
00000.
2. SUBLEASE TERM: This sublease shall be a month-to-month sublease.
3. RENTAL AMOUNT: The Tenant shall pay to the Landlord an annual sum of Twelve
Thousand ($12,000) to sublease the property. Rental payments shall be paid in
monthly payments, each of which shall be in the amount of one thousand dollars
($1,000), and each of which shall be paid on the 1st day of the month.
4. ARBITRATION: Any controversy or claim arising out of or relating to this
sublease agreement or the breach thereof shall be settled by arbitration in
accordance with the rules then obtaining of the American Arbitration
Association, and judgment upon the award rendered may be entered and enforced in
any court having jurisdiction thereof.
5. NO VIOLATION OR BREACH: The Landlord and the Tenant warrant and represent
each to the other that the performance of this agreement does not violate any
laws, statutes, local ordinances, state or federal regulations, regarding
controlled substances, or otherwise, or any court order or administrative order
or ruling, nor is such performance in violation of any loan document's
conditions or restrictions in effect for financing, whether secured or
unsecured.
7. BENEFIT: This agreement shall be binding upon and inure to the benefit of the
parties hereto and their legal representatives, successors and assigns.
8. NOTICES: Any notice required or desired to be given under this agreement
shall be deemed given if in writing sent by certified mail to the addresses of
the parties to this sublease agreement as follows:
Landlord: SportsNuts, Inc.
00000 Xxxxx Xxxxx Xx. #000
Xxxxxx Xxxx 00000
Tenant: Synerteck Incorporated
00000 Xxxxx Xxxxx Xx. #000
Xxxxxx Xxxx 00000
9. CAPTIONS: Captions are used in this agreement for convenience only and are
not intended to be used in the construction or in the interpretation of this
agreement.
10. INVALID PROVISION: In the event any provision of this agreement is held to
be void, invalid or unenforceable in any respect, then the same shall not affect
the remaining provisions hereof, which shall continue in full force and effect.
11. ENTIRE AGREEMENT: This agreement contains the entire understanding of the
parties. It may not be changed orally. This agreement may be amended or modified
only in writing that has been executed by both parties hereto.
12. INTERPRETATION: This sublease agreement shall be interpreted under the laws
of the State of Utah.
SportNuts, Inc
By: /s/ Xxxxxxx X. Xxxxx
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Title: Chief Executive Officer
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Synerteck Incorporated
By: /s/ Xxxxxxx Xxxxxx
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Title: President
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