AGREEMENT TO SUBLEASE
This agreement is made on August 31st, 1999 by and between XXXXX X.
XXXXX & XXXXX XXXXXX of Broward County, Florida, (referred to as the
"Landlord"), XXXXXXXX & XXXXX, INC. d/b/a G& L Group, and XXXXXX STUDIOS, INC.,
both Florida Corporations located at 0000 X. Xxxxxxxxx Xxxx, Xxxx Xxxxxxxxxx, XX
00000 (collectively referred to as the "sublessor") and QUIKBIZ INTERNET GROUP,
INC., a Nevada corporation (referred to as the "sublessee")
RECITALS
The parties recite and declare:
A. Sublessor entered into a Business lease agreement (referred herein as
the Master Agreement) dated February 1st, 1998, with the Landlord for
certain real estate located at 0000 X. Xxxxxxxxx Xxxx, Xxxx
Xxxxxxxxxx, XX 00000; a copy of the Master Agreement is attached to
and made part of this sublease agreement as Exhibit "A".
B. Sublessor desires to sublease to Sublessee and Sublessee desires to
sublease from Sublessor the property located at 0000 X. Xxxxxxxxx
Xxxx, Xxxx Xxxxxxxxxx, XX 00000. (referred to in this agreement as the
"premises").
C. All parties agree to those certain modifications of the Master
Agreement contained on Exhibit "B".
IN CONSIDERATION OF THE ABOVE RECITALS, the terms and covenants of this sublease
agreement, and other valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the parties agree as follows:
Page 1 of 7
SECTION ONE
GRANT
Sublessor subleases the premises to sublessee subject to the terms and
conditions of this agreement.
SECTION TWO
PROVISIONS CONSTITUTING SUBLEASE
A. This sublease agreement is subject to all of the terms and conditions
of the Master Agreement, except as set forth herein (A copy of the
Master Agreement is attached hereto and labeled Exhibit "A").
B. Sublessee shall assume and perform all monetary and nonmonetary
obligations of the sublessor, as lessee in the Master Agreement; to
the extent the terms and conditions are applicable to the premises,
and to pay rent as set forth in Section Four of this sublease
agreement. Sublessee specifically acknowledges that the Master
Agreement is a triple net lease and therefore the monetary obligations
it is assuming include, but are not limited to, the following, all
property taxes on the premises, applicable insurance, sales tax,
utilities, assessments and maintenance of the premises. Sublessee
acknowledges it has reviewed the terms of the Master Agreement and
agrees to pay these monetary obligations.
C. Neither sublessor nor sublessee shall commit or permit to be committed
on the premises any act or omission that shall violate any term or
condition of the Master Agreement or breach the terms of the Master
Agreement or cause the Master Agreement to be terminated.
SECTION THREE
TERM AND POSSESSION
A. The term of this sublease shall commence on September 1st, 1999 and
shall terminate on August 31st, ------------------- -------------
2004, subject to any rights of renewal of the sublessee. ----
B. Sublessee shall be given exclusive possession of the premises within 1
day(s) after the execution of this sublease agreement, subject to
Power Partners, Inc. month-to-month tenancy.
Page 2 of 7
SECTION FOUR
RENT
A. Sublessee shall pay to the Landlord the rent due under the Master
Agreement (in lawful money of the United States) in advance on the 1st
day of each calendar month during the term of this sublease agreement.
B. The parties hereto acknowledge that, POWER PARTNERS, INC. currently
occupies a fixed portion of the demised premises and shall continue to
occupy said fixed portion for an as yet undetermined amount of time.
In the event POWER PARTNERS, INC., vacates the premises, then the
sublessee agrees to pay an additional rental amount of $1200.00 per
month for the sole use of that portion of the premises.
Notwithstanding the foregoing, the sublessee shall have the option of
not occupying this portion for a period of three months following
POWERNET PARTNERS, INC. vacating of the same, and the $1200.00 per
month will be abated during that period. In the event, the sublessee
does choose to occupy POWERNET PARTNERS, INC.'S portion of the
premises within the 3 month time period, then it will be required to
pay the aforesaid rent.
Page 3 of 7
SECTION FIVE
OPTIONS
A. The Sublessee is given the option to extend the term on all the
provisions contained in this sublease agreement, except for minimum
monthly rent, for a 3 year period following the expiration of the
initial term by giving notice of intent to exercise the option to the
Landlord at least 3 months, but not more than 1 year before the
expiration of the term. If the sublessee is in material default under
the terms of this sublease agreement or the Asset Purchase Agreement
dated August 20th, 1999, on the date of giving the option notice, the
option notice shall be ineffective. If the sublessee is in default on
the date the extended term is to begin, the extended term shall not
begin, and this lease shall expire at the end of the initial term. The
rental rate for the option terms shall be equal to the fair rental
value of property as determined by appraisal of similar situated
properties. This appraisal shall be accomplished in the following
manner:
1. The sublessee and the Landlord shall each appoint one appraiser.
2. The appraisal shall be made within 45 days prior to the end of
the original term of this agreement. In the event that such
appraisers are unable to agree on the appraised fair market
rental value of the property, then they shall appoint a third
appraiser and the agreement of any two of the above-mentioned
three appraisers shall be binding on all parties. The parties are
to bear the costs of their own appraisers and shall split the
cost of the third appraiser, if needed. . SECTION SIX USE The
premises shall be used for general office use and for no other
purpose without the prior express and written consent of the
Landlord.
SECTION SIX
USE
The premises shall be used for general office use and for no other purpose
without the prior express and written consent of the Landlord.
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SECTION SEVEN
CONDITION OF THE PREMISES
Sublessee accepts the premises in its condition as of the date
of execution of this agreement, and shall deliver them to sublessor
and Landlord in the same condition, normal wear and tear excepted, at
the expiration of this sublease agreement.
SECTION EIGHT
INDEMNIFICATION
A. Sublessee agrees to defend, indemnify, and hold sublessor and
Landlord harmless from and against any and all claims arising or
alleged to arise as a result of the negligent or wrongful
occupancy or use of the premises, including common area and other
areas appurtenant to the premises, by sublessee, its employees,
agents, contractors, or subcontractors.
B. Sublessor and Landlord agree to defend, indemnify, and hold
sublessee harmless from and against any and all claims arising or
alleged to arise from any act or omission of the Landlord and
sublessor, their employees, agents, contractors, or
subcontractors.
SECTION NINE
EFFECT OF PARTIAL INVALIDITY
The invalidity of any part of this sublease agreement will not and
shall not be deemed to affect the validity of any other part. In the event that
any provisions of this sublease agreement are held invalid, the parties agree
that the remaining provisions shall be deemed to be in full force and effect as
if they had been executed by both parties subsequent to the expungement of the
invalid provisions.
SECTION TEN
PARAGRAPH HEADINGS
The titles to the paragraphs of this sublease agreement are solely for
the convenience of the parties and shall not be used to explain, modify, or
simplify, or aid in the interpretation of the provisions herein.
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SECTION ELEVEN
NOTICES
A. All notices, demands, or other writings in this sublease
agreement shall be sent in writing via United States Mail,
registered and postage prepaid, and addressed as follows:
TO SUBLESSOR:
XXXXXXXX & XXXXX, INC. with copies furnished to:
C/O Xxx Xxxxx XXXX X. XXXXXXXX
0000 X. Xxxxxxxxx Xxxx 0000 X. XXXXXXX XXXXXXX
Xxxx Xxxxxxxxxx, XX 00000 FT. XXXXXXXXXX, XX 00000
TO SUBLESSEE:
QUIKBIZ INTERNET GROUP, INC. with copies furnished to:
C/O Xxxx Xxxxxxxx XXXXXX XXXXXX
0000 X. Xxxxxxxxx Xxxx 000 XX 0XX XXXXXX, #000
Xxxx Xxxxxxxxxx, XX 00000 Xxxx Xxxxxxxxxx, XX 00000
TO LANDLORD:
XXXXX XXXXX AND XXXXX XXXXXX
0000 X. XXXXXXXXX XXXX
XXXX XXXXXXXXXX, XX 00000
SECTION TWELVE
INSOLVENCY OR BANKRUPTCY
If sublessee becomes insolvent, voluntarily or involuntarily
bankrupt, or if a receiver, assignee, or other liquidating officer
is appointed for the business of sublessee, then the sublessor and
Landlord may terminate this agreement at their option.
SECTION THIRTEEN
ADVERTISEMENTS
All signs or symbol placed in the windows or doors of the demised
premises, or any exterior part of the building by sublessee shall
be subject to the approval of Landlord, which approval shall not
be unreasonably withheld.
SECTION FOURTEEN
CONSENT OF LANDLORD
The Landlord hereby consents to this sublease agreement,
including all the terms and conditions contained herein and the
modifications to the Master Agreement contained in Exhibit "B"
attached hereto.
Page 6 of 7
SECTION FIFTEEN
CROSS DEFAULT
A material breach of the Asset Purchase Agreement or documents
executed in connection therewith, shall constitute a material
breach of this Agreement to sublease.
SECTION SIXTEEN
ASSIGMENT OF SUBLEASE
Sublessee may assign or sublease all or part of this sublease,
subject to the Landlord's prior approval, which shall not be
unreasonably withheld.
In witness, each party to this agreement has caused it to be
executed at Ft. Lauderdale 8/31/99 on the date first written
above.
LANDLORD:
/s/ Xxxx Xxxxxx /s/ Xxxxx X. Xxxxx 8/31/99
__________________________________ __________________________
Printed Name: Xxxx Xxxxxx XXXXX XXXXX (DATED)
/s/ Xxxx X. Arelius /s/ Xxxxx X. Xxxxxx 8/31/99
__________________________________ __________________________
Printed Name: Xxxx X. Arelius XXXXX XXXXXX (DATED)
SUBLESSOR (TENANT):
/s/ Xxxx Xxxxxx /s/ Xxxxx Xxxxx 8/31/99
__________________________________ By:________________________
Printed Name: Xxxx Xxxxxx XXXXX XXXXX, as President
of Xxxxxxxx and Xxxxx, Inc.
d/b/a G&L Group (DATED)
/s/ Xxxx Xxxxxx /s/ Xxxxx Xxxxxx 8/31/99
__________________________________ By:________________________
Printed Name:_____________________ XXXXX XXXXXX, as President
of Xxxxxx Studios, Inc.
d/b/a G&L Group (DATED)
SUBLESSEE
Xxxx Xxxxxx /s/ Xxxxx Xxxxxxxx, CEO
8/31/99
__________________________________ By:_______________________
Printed Name:Xxxx Xxxxxx XXXX XXXXXXXX, CEO QUIKBIZ
INTERNET GROUP, INC.(DATED)
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