SUB-LEASE
This
Sub-Lease dated the 1st day of December
2005
by
and between Mercer Asset Management Company, Inc., a New York with offices
at 00
Xxxxxxxx, 00xx
Xxxxx,
Xxx Xxxx, Xxx Xxxx x0000, hereinafter referred to as "Tenant," and Xxxxxxx
Xxxxxxx and Company, Inc., a domestic corporation with offices at 00 Xxxx
Xxxxxx, 00xx
Xxxxx,
Xxx Xxxx, Xxx Xxxx 00000, hereinafter referred to as "Sub-Tenant."
WHEREAS
The
Tenant is a tenant at 00 Xxxxxxxx, 00xx
Xxxxx,
Xxx Xxxx, Xxx Xxxx; and
WHEREAS
The
Tenant executed a lease with 45 Broadway, LLC, a limited liability company,
with
office at 000 0xx
Xxxxxx,
Xxx Xxxx, Xxx Xxxx 00000, dated the 28th
day of
October 2004 (the "Lease"); and
WHEREAS
A copy
of the Lease is annexed hereto and made a part thereof; and
WHEREAS
Pursuant
to the terms of the Lease, the Tenant has as security with the landlord
$33,683.00; and
WHEREAS
The
Tenant does not desire to continue to lease its space on the 00xx
Xxxxx xx
00 Xxxxxxxx, Xxx Xxxx Xxx Xxxx; and
WHEREAS
The
Sub-Tenant wishes to lease the space on the 30th
Floor of
00 Xxxxxxxx, Xxx Xxxx, Xxx Xxxx where the Tenant currently occupies; and
NOW THEREFORE
IT IS AGREED:
1.
The
Tenant hereby sub-lets the premises to the Sub-Tenant;
2.
The
Sub-Tenant, upon the execution of this agreement and upon the consent of the
owner of the building, does hereby assume and undertake to perform all
liabilities enumerated in the Lease;
3.
The
Tenant does hereby assign to the Sub-Tenant all of its interest in the security
that it posted with 45 Broadway, LLC, a limited liability company, pursuant
to
the terms of the Lease;
4.
At the
termination of the Lease, the Sub-Tenant is at liberty to renew the Lease or
vacate the premises pursuant to the terms to the Lease;
6.
This
sub-lease is subject to the acknowledgement and consent of 45 Broadway, LLC,
that the lease is valid, subsistence, and that there are no defaults therein,
and the security deposits being held, as indicated herein, are still intact;
7.
45
Broadway, LLC, pursuant to the Lease will not release the Tenant from its
liability
under the terms of this lease;
IN
WITNESS THEREOF
dated
1st
day of
December 2005.
| Xxxxxxx Xxxxxxx and Company, Inc. | ||
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