LICENSE AGREEMENT
BEVMAX OFFICE CENTERS
1560 Broadway, 10th Floor. New York, N.Y. 10036
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License #
0145
Date
1/4/2006
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Licensee:
On2 Technologies, Inc.
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(please indicate above if corporation, partnership, etc.)
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(1)Principal's/(2)Contact Person's
Name:
Tim Reusing
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Persons Authorized to Use Office: Tim
Reusing, Doug McIntyre, Matt Frost, Margaret Diggory,
Daniel Scherer & Anthony Ciaravalo
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Federal ID #
841280679
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BOC Telephone #
(646) 292-3533
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Type of Business:
Software Development
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Licensed Office(s):
1031, 1032, 1033, 1034 & 1044
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Fixed Fee/Additional Fees:
$8,950.00 Fixed Fee per month / $670.00 Additional Fee per
month
for 6 phones, 5 T-1 lines & 1 fax
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Commencement Fee:
$0.00
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Service Retainer:
$17,900.00 (already received)
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Broker:
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License Term:
6 months
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A) Commencement Date: March 1,
2006
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B) Termination Date: August 31,
2006
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Person's Authorized to Sign for Licensee: Tim Reusing
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Licensor:
Bevmax Office Centers 1560, LLC d/b/a Bevmax Office Centers
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This License Agreement made as of 1/4/06 between Bevmax Office
Centers 1560, LLC
d/b/a Bevmax Office Centers (hereinafter "Licensor") and On2
Technologies, Inc.
(hereinafter "Licensee") incorporates page 2 and 3 of this License
Agreement
(attached hereto) and we both agree to comply with all terms and
conditions as
delineated on this page and pages 2 and 3 of this License
Agreement.
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Licensee: On2
Technologies, Inc.
Licensor: Bevmax
Office Centers 1560, LLC
d/b/a Bevmax Office Centers
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By:
/s/ Tim Reusing
/s/ Fredric Feld
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Authorized Signature / Date
Authorized Signature / Date
Tim Reusing
Fredric Feld
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Print Name
Print Name
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License Agreement (Page 2)
1.
Standard Services: In consideration of the Licensee's payment of
the Fixed
Fee and
the Commencement Fee (both listed on front page of this License
Agreement)
as well as other valuable consideration, 1)Licensor allows
Licensee
to use the office(s) listed on the front page of this License
Agreement
(hereinafter "Agreement") 24 hours a day, 7 days a week for the
License
Term (listed on front page) subject to the Rules and
Regulations,
a copy of
which Licensee acknowledges was received with this Agreement,
(which
Rules and Regulations may be reasonably changed by Licensor
from
time to
time upon written notice to Licensee) and subject to Licensor's
right upon
3 days written notice to Licensee to relocate Licensee to a
different
office within the Center of at least equal size and quality,
2)Licensor
provides Licensee with Receptionist during normal business
hours,
3)unlimited use of a conference room (as available and upon
prior
reservation) including overtime and weekends, 4)delivery of mail,
5)use of
common
areas including pantry, 6)Licensor also provides heating, HVAC,
electricity (subject to Building rules / limitations), 7)office
cleaning,
and 8)maintenance of
Licensor equipment and offices due to ordinary wear
and tear
9)Licensor provides Licensee access to a shower during regular
business
hours, subject to limited availability when being used by
Bevmax
employees
other licensees or invitees and 10)Licensor provides Licensee
access to
the exercise room during regular business hours, subject to
limited
availability when being used by Bevmax employees other
licensees
or
invitees, provided that (i) Licensee and each of Licensee's
employees
who
intends to use the exercise room executes and waiver of liability
in
form
reasonably acceptable to Licensor with respect to the use of
the
exercise
room and (ii)Licensee agrees to indemnify Licensor for any
claim
brought by
any such employee of Licensee in connection with the use of the
exercise
room and shower.
2. a).
Fees: The Fixed Fee is payable in advance on the first day of
each
month
during the License Term. (If the License Term begins on a day
other
than the
1st day of a month, the second payment of the Fixed Fee will be
prorated).
The Commencement Fee and Service Retainer (defined in paragraph
3) are to
be paid upon the signing of this Agreement. Additional Fees
(including
all applicable taxes) are due on the 1st day of the month, "in
the month
following" the month that the additional services
