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OFFICE SPACE SUBLEASE

Sublease Agreement

OFFICE SPACE SUBLEASE | Document Parties: SHRINK NANOTECHNOLOGIES, INC. | Business Consulting Group Unlimited, Inc | Shrink Technologies, Inc You are currently viewing:
This Sublease Agreement involves

SHRINK NANOTECHNOLOGIES, INC. | Business Consulting Group Unlimited, Inc | Shrink Technologies, Inc

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Title: OFFICE SPACE SUBLEASE
Governing Law: California     Date: 6/5/2009

OFFICE SPACE SUBLEASE, Parties: shrink nanotechnologies  inc. , business consulting group unlimited  inc , shrink technologies  inc
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OFFICE SPACE SUBLEASE

 

This office space sublease (the “Sublease”) is made between Shrink Technologies, Inc., a California corporation (“Tenant”) and Business Consulting Group Unlimited, Inc. (“Sublessor”).

 

Recitals

 

A.           Sublessor leases, the building commonly identified as 2038 Corte del Nogal, Suite 110, Carlsbad, California 92011 (the “Premises”).

 

B.           Sublessor desires to sublease certain office space and improvements (the “Executive Office Space”) situated within the Premises.

 

C.           Tenant desires to rent the Executive Office Space.

 

D.           The Executive Office Space shall include the following furnishings & accessories:

 

1.           Internet, phone and fax systems, satellite T.V. connections, office furniture and all office, storage, common restroom, kitchen and designated parking areas.

 

NOW, THEREFORE , for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Sublessor and Tenant agree upon the terms and conditions set forth herein.

 

Section 1

Term and Required Notice

 

(a)           Sublessor hereby subleases to Tenant, and Tenant hereby subleases from Sublessor the Executive Office Space commencing as of May 28, 2009 and one year thereafter.   Holding over by Tenant at the expiration of the Sublease Term shall create a month to month tenancy.  All other terms and conditions herein shall remain in full force and effect.

 

Section 2

Rent, Expenses and Payment

 

(a)            Tenant agrees to pay to Sublessor without set-off, abatement, credit, deduction or claim of off-set, monthly ("Rent") for the Executive Office Space of six thousand dollars ($6,000) per month.  Rent shall be payable in advance, on the first day of each month during the Sublease Term, at the address of the Premises set forth above or at  such other address as Sublessor may from time to time designate by notice to Tenant.  In the event the Sublease Term commences or expires on any day other than the first or last day of a month, respectively, then the Rent for such month shall be prorated accordingly.

 

(b)           In addition to the payment of Rent, Tenant agrees to pay to Sublessor the following office expenses which shall be itemized and calculated on a monthly basis by Sublessor, including, but not limited to:

 

1.  

Phone;

2.  

Internet connection;

 

3.  

Fax charges including ink cartridges and paper;

4.  

Satellite T.V.;

 

5.  

Postage & Overnight delivery;

6.  

Copying;

 

7.  

Electricity;

8.  

Stationary and office supplies; and

 

9.  

Cleaning and janitorial.

 

Section 3

No Assignment or Subletting

 

Tenant shall not sublet the Premises, or any portion thereof, or assign this Sublease, in whole or in part, without the prior written consent of Sublessor.

 

Section 4

Lease Provisions

 

Except as otherwise expressly herein provided or modified by this Sublease (including, without limitation, the limitations on Tenant's monetary obligations under this Sublease), Tenant hereby assumes and agrees to fully adhere to, perform and comply with the covenants, agreements, duties and  obligations of the Lessee under the rules and regulations of the master lease, attached as Exhibit A.  Each of such covenants, agreements, duties and obligations is incorporated as if fully rewritten herein.

 

Section 5

Condition of Premises

 

Tenant agrees and acknowledges that it is accepting the Executive Office Space from Sublessor in its present condition and that Sublessor is not presently obligated to make any improvements for Tenant.

 

Section 6

Subordination

 

Tenant acknowledges and agrees that this Subl


 
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