SUPERVILLAIN STUDIOS, LLC c/o Green Screen Interactive Software, LLC New York, NY 10012
SUPERVILLAIN
STUDIOS, LLC
c/o
Green
Screen Interactive Software, LLC
000
Xxxxxxxx, 0xx Xxxxx
Xxx
Xxxx,
XX 00000
June
14,
2007
SuperVillain
Studios, Inc.
0000
Xxxxx Xxxxx Xxxxx, Xxxxx 000
Xxxxx
Xxx, Xxxxxxxxxx 00000
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Re:
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Lease
dated as of December 6, 2004, as amended by Amendment of Lease dated
January 19, 2007, (the "Lease"), between Valley Plaza Professional
Building, Inc., d/b/a South Coast Village Professional Center, as
"Landlord", and SuperVillain Studios, Inc., as "Tenant", respecting
the
leased premises located at 0000 Xxxxx Xxxxx Xxxxx, Xxxxx 000, Xxxxx
Xxx,
XX 00000 (the "Premises").
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Gentlemen:
This
is a
sublease between you, as "sublandlord", and us, as "subtenant", of the entire
Premises. References herein to "we", "us" and "our" mean and refer to the
subtenant and references to "you" and "your" mean and refer to the
sublandlord.
1. The
term
of this sublease ("Term") shall commence on the date hereof (the "Commencement
Date") and shall end on January 31, 2008.
2. This
sublease shall cover the entire Premises and all of your rights under the Lease
(including, without limitation, parking rights). You shall deliver exclusive
possession of the Premises to us on the Commencement Date and we shall be
entitled to such exclusive possession during the Term.
3. You
acknowledge that all furniture, equipment and/or other items of personal
property which are located in the Premises are being purchased by us from you
pursuant to the Asset Purchase Agreement of even date and shall remain in the
Premises for use by us during the Term or may be removed by us at any time
during or after the Term.
4. During
the Term, we shall pay you rent at the rate of $8,467.50 per month (prorata
for
any period of less than a full month), which is the base rent payable by you
under the Lease. Rent shall be payable in advance on the date hereof and on
the
first day of each month thereafter during the Term. In addition to said base
rent, we shall pay any additional rent which you are obligated to pay under
Paragraph 4 of the Lease with respect to the Term on account of increases in
Operating Expenses.
5. During
the Term, until such time as the same are put in our name and billed to us,
you
shall arrange to provide us with all utilities and services necessary for the
use of the Premises in the manner in which the same has previously been used
by
you, including, without limitation, telephone and data service. We shall
reimburse you, on a monthly basis (within 15 days after your presentation of
bills for same), for your actual out-of-pocket costs for the use of these
utilities and services by us.
6. Within
a
reasonable period of time after the date hereof, we agree to obtain and maintain
the insurance required to be maintained by you pursuant to Paragraph 8 of the
Lease.
7. You
will
be responsible for timely paying any rent and/or other sums due to the Landlord
under the Lease and for causing said Landlord to fulfill its maintenance and
other obligations under the Lease. We are not assuming any of your obligations
under the Lease; provided, however, that we agree not to use the Premises in
violation of the Lease.
By
signing below, you and we acknowledge and agree that this shall be a binding
sublease between you and us dated as of the date set forth above.
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Very
truly yours,
SUPERVILLAIN
STUDIOS, LLC
By:
/s/ Xxxxx Xxxxxxxx
Xxxxx
Xxxxxxxx, Manager
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AGREED
TO:
SUPERVILLAIN
STUDIOS, INC.
By:
/s/ Xxxxxxx Xxxxxxxx
Xxxxxxx
Xxxxxxxx, President
