EXHIBIT 10.12
0000 XXXX XXXX XXXX
SUBLEASE AGREEMENT
XXXXXX LAND COMPANY, LLC (Lessor) and SAND HILL ADVISORS, INC. (Lessee and
Sublessor) under master lease dated June 1, 1982 and WEST COAST REALTY
INVESTORS, INC. (Sublessee) hereby agree as follows:
1. Commencing October 15, 2001, Sublessee shall sublease from Sublessor
(1) office in Suite 140, Building 3, 0000 Xxxx Xxxx Xxxx, Xxxxx
Xxxx, Xxxxxxxxxx, as shown on the attached Exhibit A. This sublease
is subject to the master lease between Lessor and Sublessor being in
full force and effect during the term of the sublease and any
renewal periods.
2. The sublease shall be on a month-to-month basis cancelable by either
party with a sixty day written notice.
3. Rental shall be $2,000 per month commencing October 23, 2001 through
October 31, 2002, due and payable to Sublessor on the first day of
each month, in advance.
4. Lessor shall provide Sublessee with all normal office building
services, including utilities and five-day-a-week janitorial
services. Sublessee agrees to use the premises for general office
purposes only.
5. Sublessee shall be entitled to the use of (1) parking space located
in the parking area West of Building 3. Sublessee agrees to abide by
any reasonable rules of Lessor relating to the operation of parking
areas and driveways at 0000 Xxxx Xxxx Xxxx.
6. Sublessee shall indemnify Lessor and Sublessor from any claims for
injury to person or damage to property arising directly or
indirectly out of Sublessee's use and occupancy of the premises,
except for any claims resulting from the negligence of Lessor and
Sublessor.
7. In the event Sublessor permits Sublessee to use Sublessor's account
at the Sundeck, Sublessor shall notify Lessor in writing that
Sublessee may use Sublessor's account and that Sublessor will be
responsible for Sublessee's charges.
8. This sublease may not be assigned by Sublessee without prior written
approval of Lessor and Sublessor. Such approval shall not be
unreasonably withheld.
Executed as of 10/19/01
LESSOR: LESSEE/SUBLESSOR:
XXXXXX LAND COMPANY LLC. SAND HILL ADVISORS, Inc.
A California Ltd. Liability Company a Delaware Corporation
/s/ Xxxx Xxxxxx /s/ Xxxx X Xxxxxx
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Xxxx Xxxxxx, Managing Member Xxxx X. Xxxxxx, CEO
SUBLESSEE:
WEST COAST REALY INVESTORS, INC.
/s/ Xxxxx X. Xxxxxxxx
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Xxxxx X. Xxxxxxxx,
Chairman and CEO
