EXHIBIT 10.6
LEASE EXTENSION AND AMENDMENT AGREEMENT
THIS AGREEMENT entered into as of the 1st day of June, 2005, by and
between THE LAS OLAS COMPANY, INC. ("Lessor") and video Without Boundaries, Inc.
W I T N E S S E T H:
WHEREAS, Lessor and Lessee did enter into the Las Olas Business
Property Lease dated the 13th day of April, 2004 for the premises located at 000
Xxxx Xxx Xxxx Xxxxxxxxx, Xxxxx 000, Xxxx Xxxxxxxxxx, Xxxxxxx 00000 (the
"Lease"); and
WHEREAS, Lessor and Lessee desire to extend the term of the Lease and
amend certain provisions thereof.
NOW, THEREFORE, for good and valuable consideration, Lessor and Lessee
do hereby agree as follows:
1. The term of the Lease is hereby extended for a period of one (1)
year, with the Extended Term commencing on the 1st day of June, 2005, and ending
at midnight on the 31st day of May, 2006 (hereinafter called "the Extended
Term").
2. The Minimum Rent for the Extended Term shall be in the amount of
$59,903.00 payable in monthly installments of $4,991.92 each in advance and
without demand on the first day of each and every month of the Extended Lease
Term hereunder beginning with the month of June, 2005.
3. All other terms and provisions of the Lease not specifically amended
herein are hereby ratified and confirmed and shall remain in full force and
effect.
IN WITNESS WHEREOF, the parties hereto have caused these presents to be
executed as of the day and year first above written.
Signed, sealed and delivered LESSOR:
in the presence of: THE LAS OLAS COMPANY, INC., a
Florida Corporation
Witness: /s/ [ILLEGIBLE] By: /s/ [ILLEGIBLE]
------------------------ ----------------------------------
Its: President
LESSEE:
VIDEO WITHOUT BOUNDARIES, INC.
Witness: /s/ {ILLEGIBLE] By: /s/ Xxxxxxx Xxxxxxx
------------------------- ----------------------------------
Its: President & CEO
