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Exhibit 99.3
TERMINATION OF LEASE
THIS
AGREEMENT is made this 16th day of March, 2007, by and between
American Osteopathic Association an Illinois not for profit
corporation
("Landlord") and Broadview Institute, Inc. formerly known as
Broadview Media,
Inc. ("Tenant").
1. RECITALS.
This Agreement is made with reference to the following facts
and
objectives:
a.
Landlord and
Tenant entered into a written lease dated January 31,
1994, as amended by that certain First Amendment to Lease dated
July,
1996, that certain Second Amendment to Lease dated April 2, 1998,
that
certain Third Amendment to Lease dated January 22, 2002, that
certain
Fourth Amendment to Lease dated June 3, 2002, and that certain
Fifth
Amendment to Lease dated June 1, 2004 (the "Lease") in which
Landlord
leased to Tenant, and Tenant leased from Landlord, premises
commonly
known as Suite 300 at 142 East Ontario Street, Chicago, Illinois
60611
(the "Premises").
b.
The term of the
Lease expires on May 31, 2012.
c.
Tenant wishes to
terminate the Lease for the Premises prior to the
expiration of the term of the Lease.
d.
Now, therefore,
in consideration of the mutual promises herein
contained and the detriments to be suffered by each of the
parties,
and the payments hereinafter set forth by Tenant to Landlord,
the
parties wish to terminate the Lease in accordance with the terms
set
forth in this Termination of Lease Agreement ("Termination
Agreement").
2. POSSESSION.
Tenant agrees to vacate the Premises and deliver possession
thereof to Landlord by March 16, 2007 (the "Early Termination
Date").
Tenant shall return all keys to the Premises and all access cards
to the
142
East Ontario Building to Landlord or a person designated by
Landlord,
by
the Early Termination Date.
3. TERMINATION
DATE. Except as otherwise provided in this Agreement, the Lease
shall terminate as of the Early Termination Date.
4. OUTSTANDING
RENT AND OTHER CHARGES. Tenant shall pay to Landlord all rent
and
other charges as specified in the Lease through December
