THIS SUBLEASE is made as of the 1st day of January 2018, by and between GTI
SUBLEASE
THIS SUBLEASE is made as of the 1st day of January 2018, by and between GTI
RESEARCH, INC., an entity having an address at 0000 Xxxxxxxx, Xxxxxx, XX 00000
(“Sublandlord”) and GeneThera, Inc., a Nevada corporation with an address at 0000
Xxxxxxxx, Xxxx X, Xxxxxx, XX 00000 (“Subtenant”).
RECITALS
A.
Pursuant to a certain Lease, dated as of January 1, 2018 (the “Prime Lease”), a
copy of which is annexed hereto and made a part hereof as Exhibit A, GTI Research, as landlord
(“Prime Landlord”), leased to Sublandlord, as tenant, demised premises constituting a
commercial space known as 0000 Xxxxxxxx, Xxxx X, Xxxxxx, XX 00000 (the “Leased
Premises”).
B.
Sublandlord desires to sublease to Subtenant, and Subtenant desires to sublease
from Sublandlord, a portion of the Leased Premises consisting of approximately 7,990 square
feet of office and laboratory space that can be used to create Subtenant’s robotic software (the
“Subleased Premises”) in accordance with the following terms, covenants, conditions and
provisions.
NOW, THEREFORE, in consideration of the mutual covenants and promises herein
contained, Sublandlord and Subtenant do hereby covenant and agree as follows:
1.
Subleased Premises, Term and Use.
(a) Subject to the provisions of this Sublease, Sublandlord hereby subleases to
Subtenant, and Subtenant hereby takes and hires from Sublandlord, the Subleased Premises, for a
term (the “Initial Term”) commencing as of January 1, 2018 (the “Commencement Date”) and
expiring on March 31, 2024 thereof for purposes of creating a robotic software laboratory.
(b) With thirty days’ notice and upon agreement of both Subtenant and Sublandlord, at
the end of the Initial Term said sublease may be extended for up to an additional two (2) years,
on the same terms and conditions set forth herein except that Rent may be adjusted as set forth in
Section 3(b) herein.
2.
Incorporation by Reference.
(a) This is a sublease and anything herein contained to the contrary notwithstanding, all
terms, covenants, conditions and provisions herein are in all respects subject and subordinate to
the terms, covenants, conditions and provisions of the Prime Lease and all matters to which the
Prime Lease is subject and subordinate. All terms, covenants, conditions and provisions of the
Prime Lease are incorporated herein as if fully set forth at length, except such as by their nature
or purport are inapplicable or inappropriate to the subleasing of the Subleased Premises pursuant
to this Sublease or are inconsistent with or modified by any of the provisions of this Sublease.
(b)
Subtenant covenants and agrees not to violate any of the terms and provisions of
the Prime Lease. Subtenant shall be bound by all the restrictions and limitations placed upon
Sublandlord, as Tenant, under the Prime Lease to the extent applicable to the Subleased
Premises, as if Subtenant were the tenant thereunder. Notwithstanding anything contained to the
contrary herein, Sublandlord agrees to use reasonable efforts, without any cost or expense to
Sublandlord, to have the Prime Landlord perform its duties and obligations under the Prime
Lease and shall cooperate with Subtenant in any proceedings as may be required to obtain from
Prime Landlord any such work, services, repairs or other obligations, provided, however, that
Subtenant shall indemnify and hold Sublandlord harmless from and against any loss, cost or
expense, including, without limitation, reasonable attorney’s fees, which may be incurred by
Sublandlord in connection with such proceedings.
3.
Rent. In consideration for the use of the Subleased Premises during the Initial
Term, Subtenant will pay $12,000 security deposit and provide liability insurance before moving
into the premises. Subtenant will not pay rent; only triple net in the amount of $2,369, from
January 1, 2018 through March 31, 2018. On April 1, 2018 through March 31, 2019, the monthly
rent is $8,361.50 based on $9.00/SF plus triple net; from April 1, 2019 to March 31, 2020, the
monthly rent is based on $10.00/SF plus triple net; on April 1, 2020 through March 31, 2021, the
monthly rent is based on $11.00/SF plus triple net; on April 1, 2021 through March 31, 2022, the
monthly rent is based on $12.00/SF plus triple net; on April 1, 2022 through March 31, 2023, the
monthly rent is based on $13.00/SF plus triple net; and on April 1, 2023 through March 31,
2024, the final monthly rent is based on $14.00/SF plus triple net. If Subtenant exercises the
option to extend the lease for an additional two (2) years, then Subtenant shall discuss this
extension with Sublandlord 30 days prior to commencement of such extension. Said rent
amounts are subject adjustment as set forth in Section 3(b) herein. This amount is not inclusive
of all utilities, including water, internet wifi service and no additional rent shall be required for
any of these utilities from the Sublandlord.
4.
Delivery Date; Conditions of Subleased Premises. Subtenant hereby agrees to
accept possession of the Subleased Premises in its present, “as is” condition. If Sublandlord is
unable to deliver possession of the Subleased Premises on the Commencement Date,
Sublandlord shall not be subject to any liability for failure to give possession on said date and the
validity of this Sublease shall not be impaired under such circumstances, nor shall the same be
construed in any way to extend the term of this Sublease, but the rent payable hereunder shall be
abated (provided Subtenant is not responsible for the inability to obtain possession) until
Sublandlord delivers the Subleased Premises to Subtenant.
5.
Notices. All notices required or permitted hereunder shall be in writing and shall
be deemed effectively given: (a) upon personal delivery to the party to be notified, (b) when sent
by confirmed electronic mail or facsimile if sent during normal business hours of the recipient, if
not, then on the next business day, (c) five days after having been sent by registered or certified
mail, return receipt requested, postage prepaid, or (d) one day after deposit with a nationally
recognized overnight courier, specifying next day delivery, with written verification of receipt.
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All communications shall be sent to the address of the respective party as set forth on the
signature page hereto or at such other addresses as the party may designate by 10 days advance
written notice to the other parties hereto.
6.
Insurance. Subtenant shall not be required to maintain any insurance of the
Subleased Premises. Sublandlord shall maintain all insurance required by the Prime Lease.
7.
Conflict or Inconsistency. In case of any conflict or inconsistency between the
provisions of the Prime Lease and this Sublease, the provisions of this Sublease, as between
Sublandlord and Subtenant, shall control.
8.
Governing Law. This Sublease shall be governed in all respects by the laws of
the State of Colorado.
9.
Assignment and Subletting. Subtenant shall be able to sub-sublet any portion of
the Subleased Premises or assign this Sublease without Sublandlord’s written consent. If either
party identifies third parties who desire to sublet a portion of the Leased Premises, then both
Sublandlord and Subtenant will share prorata any income from those spots (reducing their
respective lease cost equally). Similarly, if any such third party provides services in lieu of
paying cash rent, Sublandlord and Subtenant would share equally in such third party’s
contribution, either in implied rent or in the receipt of such third party’s services.
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EXHIBIT A
The Prime Lease