SUBLEASE AGREEMENT
The parties agree as follows:
Date of this
Sublease: July 1, 2001
Parties to this
Sublease: Overtenant: Falcon Financial Group LLC
Address for Notices: 0000 Xxxx Xxxxxxx Xxxxx Xxxxxxx,
Xxxxx 000, Xxxxxxxxx, Xxxxxx 00000
You, the Undertenant: Crest View, Inc.
Address for notices: 0000 Xxxx Xxxxxxx Xxxxx Xxxxxxx,
Xxxxx 000, Xxxxxxxxx, Xxxxxx 00000
Information from
Over-Lease: If there are more than one Overtenant or Undertenant, the
words, "Overtenant" and "Undertenant" used in this
Sublease includes them.
Landlord: MacDonald Corporate Center
Address for notices: 0000 Xxxx Xxxxxxx Xxxxx Xxxxxxx,
Xxxxx 000, Xxxxxxxxx, Xxxxxx 00000
Overtenant: Falcon Financial Group LLC
Address for Notices: 0000 Xxxx Xxxxxxx Xxxxx Xxxxxxx,
Xxxxx 000, Xxxxxxxxx, Xxxxxx 00000
Date of Over-Lease: March, 2000
Term: From March 2000 to June 30, 2005
A copy of the Over-Lease is attached as an important part
of the Sublease.
Term: Two years, no months: Beginning July 1, 2001 and ending
June 30, 2003
Premises rented: 0000 Xxxx Xxxxxxx Xxxxx Xxxxxxx, Xxxxx 000, Xxxxxxxxx,
Xxxxxx 00000
Use of premises: The premises may be used for administrative offices only.
Rent: The yearly rent is $14,400. You, the Undertenant, will pay
this yearly rent to the Overtenant in twelve equal monthly
payments of $1,200. Payments shall be made upon execution
of this Agreement by the delivery of 57,600 shares of
Undertenant's common stock.
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Security: The security for the Undertenant's performance is $ 0
Agreement to lease
and pay rent: Overtenant sublets the premises to you, the Undertenant,
for the Term. Overtenant states that is has the authority
to do so. You, the Undertenant, agree to pay the Rent and
other charges as required in the Sublease. You, the
Undertenant, agree to do everything required of you in the
Sublease.
Notices: All notices in the Sublease shall be sent by certified
mail, "return receipt requested."
Subject to: The Sublease is subject to the Over-Lease. It is also
subject to any agreement to which the Over-Lease is
subject. You, the Undertenant, state that you have read
and initialed the Over-Lease and will not violate it in
any way.
Overtenant's duties: The Over-Lease describes the Landlord's duties.
The Overtenant is not obligated to perform the Landlord's
duties. If the Landlord fails to perform, you, the
Undertenant, must send the Overtenant a notice. Upon
receipt of the notice, the Overtenant shall then promptly
notify the Landlord and demand that the Over-Lease
agreements be carried out. The Overtenant shall continue
the demands until the Landlord performs.
Overtenant shall provide telephone and secretarial
services for Undertenant during the term of this Sublease.
Consent: If the Landlord's consent to the Sublease is required,
this consent must be received within 3 days from the date
of this Sublease. If the Landlord's consent is not
received within this time, the Sublease will be void. In
such event all parties are automatically released and all
payments shall be refunded to you, the Undertenant.
Adopting the
Xxxxxxxxx and
exceptions: The provisions of the Over-Lease are part of this
Sublease. All the provisions of the Over-Lease applying to
the Overtenant are binding on you, the Undertenant.
No authority: You, the Undertenant, have no authority to contact or make
any agreement with the Landlord about the premises or the
Over-Lease. You, the Undertenant, may not pay rent or
other charges to the Landlord, but only to the Overtenant.
Successors: Unless otherwise stated, the Sublease is binding on all
parties who lawfully succeed to the rights or take the
place of the Overtenant or you,
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the Undertenant. Examples are an assign, heir, or a legal
representative such as an executor of your will or
administrator of your estate.
Changes: This Sublease can be changed only by an agreement in
writing signed by the parties to the Sublease.
Signatures: OVERTENANT: Falcon Financial Group LLC
By: /s/ Xxxx X. Xxxxxxx
-------------------------------
Xxxx X. Xxxxxxx, Member
UNDERTENANT: Crest View, Inc.
By: /s/ Xxxxxx X. Xxxxxx
-------------------------------
Xxxxxx X. Xxxxxx, CEO
Witness:
/s/ Xxxxxx X. Xxxxxxx
----------------------------------------
Xxxxxx X. Xxxxxxx
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