EXHIBIT 10.10
PRIVATE OFFICE MONTH-TO-MONTH RENTAL AGREEMENT
WITH WALL STREET EXECUTIVE SUITES DATED FEBRUARY 15, 0000
XXXX XXXXXX EXECUTIVE SUITES
PRIVATE OFFICE MONTH-TO-MONTH AGREEMENT
This Agreement is entered into in Denver, Colorado this 15th day of FEBRUARY,
2006, by and between Jaywell Enterprises, Inc. dba WALL STREET EXECUTIVE SUITES
("Lessor") and WORLDWIDE STRATEGIES, INC. ("Lessee"). The parties hereto agree
to the following terms and conditions:
ARTICLE I
Lessor hereby leases to Lessee, to use for any lawful purpose, in common and
together with other Lessees and parties that Lessor may designate from time to
time as Lessor sees fit in its sole discretion, certain office facilities
("facilities"), in Suite #400 in the building identified as Cypress Point
located at 0000 X. Xxxxxxx Xxxxxx, Xxxxxx, Xxxxxxxx 00000, on month-to-month
basis commencing on the 1st day of MARCH, 2006.
ARTICLE II
Moving into and vacating from the facilities must be performed and completed
during the time period of 8:30 a.m. to 11:30 a.m. or 1:00 p.m. to 4:30 p.m.
between Monday and Friday, unless previously agreed to by Lessor. Lessee agrees
to pay for any damages to the facilities as a result of this move.
ARTICLE III
Lessee agrees to notify Lessor in writing not less than thirty (30) days prior
to the termination of this Agreement of his/her intentions to vacate the
premises. Lessee specifically waives his/her right to provide only ten (10) day
notice as provided by law. Such notice must be provided no later than the first
day of the last month of this agreement. Should Lessee fail to provide written
notice as required herein, Lessee agrees to pay rent on the leased premises
through the end of the month in which the 30-day notice expires. This notice
gives Lessor the right to show the premises to prospective Lessees at any time.
ARTICLE IV
The legitimate use of the facilities shall be limited to no more than 3
occupant(s) of mutual corporate affiliation only, unless prior arrangements with
Lessor are agreed to and reduced to writing and attached to this Agreement as an
Addendum. The facilities shall be used for lawful purposes only. Lessee further
agrees to abide by all rules and regulations placed presently in effect as well
as any promulgated by Lessor for the mutual benefit of all Lessees that shall
have the right to use the facilities or any portion thereof. Lessee further
agrees to maintain the highest standards of ethical business practices in the
operation of the Lessee's business from the facilities herein.
Lessor has the unilateral right to rescind or terminate this lease upon ten (10)
days notice for acts of tenant or tenant's employees/guests, etc. which
constitute unprofessional, discourteous, and /or disruptive behavior. Tenant
will be issued only one warning notice to correct the breach without
consequence.
ARTICLE V
Lessee agrees to pay, in United States currency, as rental for the facilities
the amount of $ 1620.00 (480.00 + 495.00 + 645.00) for office # 488, #497A and
#497B due and payable on the first (1st) day of each month during the term of
this Agreement and past due on the fifth (5th) day of each month.
However, Lessor may from time to time, as market conditions may require,
increase the monthly rental rate and security deposit amount under this
agreement by providing Lessee with a written Lease Amendment for the Lessee's
signature. All other provisions of this lease shall remain in full force and
effect.
ARTICLE VI
If monthly payments for rent and/or services are not paid by the fifth (5th) day
of each month as indicated in Article V above, there shall be added to the
amount due a late charge of ten percent (10%). If after five (5) days, payment
still has not been made, Lessor may at its option, (i) immediately take such
steps and/or actions as may be required to remove Lessee from the leased
property; and/or (ii) terminate all services provided to Lessee including by way
of illustration and not by way of limitation: the disconnecting of all telephone
lines; and/or (iii) terminate the Agreement. Any expenses incurred by Lessor in
removing Lessee and/or collecting amounts due Lessor shall be paid by Lessee,
including all attorneys' fees, costs and other expenses incurred by Lessor.
Lessee hereby agrees to and specifically waives any and all statutory notice
requirements to quit the premises in the event of a default under this
Agreement.
Upon default by Lessee, Lessor may without demand or notice, reenter and take
possession of the premises or any part thereof, repossess the same, expel Lessee
and all those claiming through or under Lessee, and remove the effects of both
or either, without being liable for prosecution thereof so long as due care is
used in such removal, without being deemed guilty of any manner of trespass.
Should Lessor elect to reenter or should Lessor take possession Lessor shall,
without terminating this lease, use its good faith efforts to relet the premises
or any part thereof in Lessor's name, for the account of Lessee on such terms
and conditions as Lessor then deems to be reasonable in light of then current
market conditions. No such reentry or taking possession of the premises by
Lessor shall be construed as an election on Lessor's part to terminate this
Agreement unless Lessor gives a written notice of such intention to Lessee.
Lessor reserves the right following any such reentry and/or reletting to
exercise its right to terminate this Agreement by giving Lessee written notice,
in which event the Agreement will terminate as specified in said notice.
All movable property of Lessee not removed from the premises upon either the
abandonment thereof or upon the termination of this Agreement for any reason
whatsoever shall conclusively be deemed to have been abandoned and may be
appropriated, sold, stored, destroyed, or otherwise disposed of by Lessor
without notice to Lessee or any other person and without obligation to account
therefore; and Lessee shall pay Lessor any and all expenses incurred in
connection with the disposition of such property in excess of any amounts
received by Lessor in connection with such disposition.
ARTICLE VII
Upon execution of this Agreement, Lessee agrees to pay in advance the amount of
$1620.00 as a security deposit. At the end of this Agreement, Lessee agrees to
allow Lessor sixty (60) days within which to return the security deposit or
notice thereof as to why it or any portion thereof is being withheld.
Lessor shall hold the security deposit for the performance of Lessee's covenants
and obligations under this Agreement, it being expressly understood that Lessee
shall not consider the security deposit an advance payment of rental or a
measure of Lessor's damage in case of default. Upon the occurrence of any event
of default by Lessee or breach by Lessee of Lessee's covenants under this
Agreement, Lessor may, from time to time, without prejudice to any other remedy,
use the security deposit to the extent necessary to make good any arrears of
rent, or to repair any damage or injury, or pay any expense or liability
incurred by Lessor as a result of the event of default or breach of the terms
and conditions of this Agreement, and any remaining balance of the security
deposit shall be returned by Lessor to Lessee upon termination of this Agreement
consistent with the terms contained herein. If any portion of the security
deposit is so used or applied, Lessee shall upon ten (10) days written notice
from Lessor, deposit with Lessor by cash or cashier's check an amount sufficient
to restore the security deposit to its original amount.
The parties further agree that the security deposit is not to be applied to
Lessee's last rental payment due under this Agreement and Lessee agrees to the
forfeiture of his/her security deposit should Lessee fail to surrender all keys
and/or fails to pay any and all outstanding charges incurred up to and including
the day of termination of this Agreement including all charges which may be
assessed for damages.
ARTICLE VIII
It is further agreed that Lessee shall, upon termination of this Agreement,
vacate the premises, leaving them in a clean and orderly condition. Otherwise, a
cleaning fee of $50.00 may be assessed to restore the office to a satisfactory
condition.
ARTICLE IX
In consideration of the rents paid, Lessor shall provide Lessee the following:
a) Furniture comprised of: EXISTING at a monthly rate of $ 0.00;
b) Upon termination of this Agreement, Lessee agrees to deliver the
furniture to Lessor in good operating condition and in a good
state of repair. Any damages caused by Lessee's use of said
furniture shall be repaired or replaced at Lessee's expense. If
not provided by Lessor, Lessee shall also provide a vinyl mat or
other protecting covering under each desk so as to minimize wear
and tear to the floor coverings;
c) One listing in the building director. Any additional listings, or
changes after the initial listing shall be made at Lessee's
expense;
d) Telephone Answering and Mail Delivery;
e) Access to services to provide word processing, typing, fax,
photocopier, postage meter and vending machines;
f) Access to the conference rooms booked on an availability basis
with no guarantees for such availability. Conference room usage
shall be limited to 15 hours per month. Any usage over 15 hours
per month shall be charged at the "contract rate" for the room
used;
g) Lessor shall not be responsible for any assessments due as a
result of Lessee's operation from the leased space;
h) Lessor shall provide janitorial services and electrical utilities
at no charge to the Lessee.
ARTICLE X
It is agreed that this Agreement constitutes a license and privilege only and is
not under any circumstances intended to constitute a partnership employment
agreement or joint venture between parties.
ARTICLE XI
Lessor shall not be liable to Lessee or Lessee's employees for any claim, loss
or damages occasioned by any of the following:
a) Failure of the facilities, fixtures, equipment and telephone
system;
b) Plumbing, water, electricity, gas, steam, bursting of pipes,
running or leaking of any wash stands, or toilet, or waste pipes,
or sprinkler lines, wherever situated;
c) The negligence or actions of occupants of other parts of the
facilities;
d) Any intentional act or intentional omission of Lessor's
employees' agents. Lessor shall not be liable for any loss or
damage to any property of Lessee or Lessee's employees, or for
other loss or injury (personal or otherwise) by fire, theft, any
of the causes specified herein. Lessee further agrees that fire,
theft and public liability insurance for Lessee's equipment,
files and employees' protection are at Lessee's responsibility.
In utilizing the services of Lessor, Lessee agrees that for the
purposes of risk, loss, errors or omissions, the persons
providing the services shall be the employees of Lessee and not
of Lessor. Lessor makes no warranties as to the skilled
competency or integrity of any person performing these services.
Lessee is subject to proofread the work completed by Wall Street
Executive Suites employees to prevent the aforementioned
situation from occurring. Lessee acknowledges that services are
to be performed on a first come, first serve basis. A failure of
Lessee to promptly pay invoices for the provision of services by
Wall Street Executive Suites employees shall be deemed a breach
of this Agreement.
ARTICLE XII
Lessee shall not, under any circumstances, sublet the premises designated herein
without the written consent of Lessor.
ARTICLE XIII
Lessee shall not, under any circumstances, place or affix any signs, pictures,
numbers or advertisements of any nature on the doors, windows or walls of the
suite without written permission from Lessor. Lessee agrees to be liable for the
cost of any repairs to paint or wallpaper needed as a result of unauthorized
attachments.
ARTICLE XIV
Lessee may place photocopying, word processing, secretarial and facsimile (fax)
equipment in their office providing that said equipment is only used for the
exclusive use of Lessee. Lessee agrees not to offer or have offered
photocopying, word processing, secretarial or facsimile (fax) services to other
Tenants of Wall Street Executive Suites during Lessee's tenancy of the demised
premises during the term of this Agreement. Because of the difficulty of
ascertaining the exact amount of damages, there shall be payable to Lessor the
sum of $500.00 in liquidated damages for each such breach.
ARTICLE XV
Lessee is not to have or permit children to occupy any office or other
facilities at any time except for very casual visitations.
It is further agreed that the covenants and agreements herein contained shall be
binding upon and inure to the benefit of the parties hereto and their respective
heirs, administrators, executors, successors, and assigns.
This lease shall not be binding upon Jaywell Enterprises, Inc. dba Wall Street
Executive Suites unless duly executed by an authorized agent of Jaywell
Enterprises, Inc.
The undersigned hereby represents that they have the absolute right and
authority to enter into this agreement and it is understood by Tenant that
Landlord is relying on this representation in executing this Agreement.
IN WITNESS WHEREOF the parties hereto have executed this Agreement.
WALL STREET EXECUTIVE SUITES
Lessor: /s/ XXXXXXXX XXXXXX
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Xxxxxxxx Xxxxxx - Assistant Manager
Lessee: /s/ XXXXX X. XXXXXXX
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Xxxxx X. Xxxxxxx
Authorized agent acting with authority on behalf of: WORLDWIDE
STRATEGIES, INC.
Title: PRESIDENT
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Guarantor: PUBLIC COMPANY - SEE FILE FOR BANKING INFORMATION
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HOME ADDRESS & PHONE: 000-000-0000 0000 XXXXX XXXXXX XXXXXX XXXXXX,
XXXXXX, XX 00000
BILLING ADDRESS: 0000 X. XXXXXXX XXX. XXX 000
XXXXXX, XX 00000
Building Directory Listing
EXISTING
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