Exhibit 10.29
SUBLEASE AGREEMENT
This sublease is between x-xx.xxx, Inc. ("Tenant") and Smart Chip Technologies,
LLC ("Subtenant").
Pursuant to said sublease agreement, Subtenant hereby agrees to initially
sublease from Tenant number (2) interior offices and number (4) cubicles
(collectively, the "Work Spaces") at 00000 Xxxxxx Xxxxx Xxxxx, Xxxxx 000, Xxxxx
Xxxxx, XX 00000 commencing September 4, 2001, on a month-to-month basis.
Subtenant agrees to abide by all terms and conditions of original lease entered
into by Tenant and Aliso Viejo Town Center Corporate Park LLC (Landlord) dated
July 1, 2000. The original lease agreement and all terms and conditions thereof
is hereby incorporated by reference into this sublease agreement.
Subtenant agrees to pay Tenant monthly rent in the amount of $1,000 per office
per month, and $700 per cubicle per month, payable on the first of each month
for that month. Subtenant agrees to pay Tenant first and last month rent due
upon the signing of this sublease agreement. Subtenant will be in default of
this sublease if rent is not paid by the 5th of the month, and Tenant shall have
the right to terminate this sublease at any time thereafter. The monthly rent
shall include use of desks, telephones, telephone service and reception service
included in the Work Spaces on and general office facilities, each on an as is
basis. Subtenant agrees to pay for all expenses not common to the facility,
including but not limited to: long distance telephone usage, office supplies and
food and beverages. Tenant may xxxx Subtenant for any such items billed to
Tenant by third party services providers, and Subtenant agrees to pay Tenant for
such items within fifteen (15) days of date billed. Subtenant may also request
other services from Tenant, including but not limited to additional services of
Tenant employees, which Tenant will accommodate subject to employee workloads
and availability. Tenant employee time will be invoiced to Subtenant at
reasonable rates to be agreed to in advance.
Subtenant and Tenant each agree to not solicit, harass, or interfere with, the
employees of the other, and to cohabitate in the facility in a professional
manner.
Subtenant is responsible for any damages to the premises, and lost, damages or
stolen equipment or goods that occur as a result of actions by Subtenant and its
employees or other guests or representatives. Subtenant agrees to reimburse
Tenant immediately upon presentation for any costs paid by Tenant to correct
such damages. Subtenant, at its own expense, agrees to carry general property
and liability insurance with limits of at least $2 million, and to name Tenant
and Landlord as additional insureds under said policy(ies).
Either party may terminate this agreement with 30 days written notice, or
immediately upon incurred breach of any of the terms herein.
For Tenant:
/s/ Xxxx Trojan 9-6-01
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Signature and Print Name Date
/s/ Xxx Xxxxxxxx 9/6/01
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Signature and Print Name Date
Xxx Xxxxxxxx
