Exhibit 10.1
MUTUAL LEASE TERMINATION
AGREEMENT
THIS MUTUAL LEASE
TERMINATION AGREEMENT is made this 20 th day of January 2009, by and
between WELCOME HOLDINGS, L.L.C., a Florida limited liability
company (hereinafter “Landlord”) and SIGNATURE SPECIAL
EVENT SERVICES, INC., a Maryland corporation (hereinafter
“Tenant”).
WHEREAS, by a lease agreement dated
February 22, 2007 (the “Lease”), Landlord leased
to Tenant and Tenant leased from Landlord, certain premises
commonly known as 750 Central Florida Parkway, Orlando, Florida
comprised of two buildings, one office trailer and lot space
(“Premises”) for a term commencing April 1, 2007
and expiring on March 31, 2012; and
WHEREAS, Landlord and Tenant
mutually desire to terminate the Lease and all rights and
obligations of the respective parties under the Lease.
NOW, THEREFORE, in consideration of
the mutual promises and provisions herein contained, and in
consideration of and conditioned upon, Tenant paying Landlord,
within five (5) days of Tenant receiving a signed Mutual Lease
Termination Agreement from Landlord, the sum of $150,000.00,
representing a $180,000.00 lease termination fee less the security
deposit in the sum of $30,000.00 (said security deposit having been
previously deposited with Landlord) which Landlord shall retain,
Landlord and Tenant agree as follows:
1. Landlord and Tenant do
hereby terminate fully and surrender the Lease effective as of
January 31, 2009.
2. Except as provided in
Sections 3, 4, 5, 6 and 7 hereof, and conditioned upon said payment
of $150,000.00 by Tenant to Landlord as described above, Landlord
and Tenant shall be fully and unconditionally released and
discharged from their respective obligations arising from or
connected with the provisions of the Lease. Except as provided
in Sections 3, 4, 5, 6 and 7 hereof, this Mutual Lease Termination
Agreement shall fully and finally settle all demands, charges,
claims, accounts, and/or causes of action of any nature,
including,
