Commercial Sub-Lease Agreement
The current Sub Lessor (Westland Network) and (PI Graphix) as Sub Lessee
agree as follows:
1) Property: Sub Lessor hereby agrees to sublease to Pi Graphix the office
space and its contents described as: 000 Xxxxx Xxxxx Xxxx, Xxxxx 000, Xxxxxx,
XX 00000 (the "Premises").
2) Term: The term begins on December 3, 1998, as a month-to-month agreement
in which either party may terminate with a 30-day written notice. All other
terms and conditions of this agreement shall remain in full force and effect.
3) Rent: Sub Lessee agrees top attorney the rent at the rate of $700 per
month for the term of this agreement. Rent is payable in advance on the 3rd
of each calendar month, and is delinquent on the next day. Rent shall be paid
to Westland Network at 00000 Xxxxxxx Xxxxxx, Xxxxx 000, Xxxxxx Xxx Xxx, XX
00000.
4) Late charges/NSF Checks: Sub Lessee acknowledges that either late payment
of rent or a non-sufficient funds check may cause Sub Lessor to incur costs.
If any installment of rent due from Sub Lessee is not received by Sub Lessor
within five business days after the due date, or if a check is returned NSF,
Sub Lessee shall attorney to Sub Lessor an additional sum of 5 percent of the
rent as a late charge and $25.00 as a NSF fee.
5) Insurance: Sub Lessee's personal property is not insured by Sub Lessor.
Sub Lessee is to carry its own insurance.
6) Utilities: Sub Lessee is to pay for its own phones and any installation
costs.
7) Occupants: Both parties shall have full access to the premises at all
times. Westland Network will maintain control of the master lease. Westland
Network owns and maintains certain office equipment, computer hardware,
furniture and other personal effects identified in an inventory list to be
supplied. These items are for the sole use of Westland Network and are
excluded from the Sub-Lease and use by Pi Graphix and its employees.
8) Parking: Sub Lessee shall be responsible for arranging its own parking
accommodations. Electricity and water are included.
9) Maintenance: Sub Lessee shall properly use the premises, furniture and all
fixtures. Sub Lessee shall immediately notify Sub Lessor of any problem or
damage. Sub Lessee shall pay for all repairs and replacements caused by
damage or abuse by Sub Lessee, or guest of Sub Lessee, excluding ordinary
wear and tear.
10) Alterations: Sub Lessee shall not make any alterations in or about the
premises without Sub Lessor's prior consent, including painting, adding or
changing locks, displays, etc.
11) Entire Contract: Time is of the essence. All prior agreements between Sub
Lessor and Sub Lessee are incorporated in this agreement which constitutes
the entire contract.
PI GRAPHIX, INC.
Sub Lessee: By: XXXXXXXX WEISDORN Date: 12/3/98
-------------------------------- -------------------
Its Pres.
PI GRAPHIX, INC.
Sub Lessee: By: XXXXXX X. XXXXX Date: 12/3/98
-------------------------------- -------------------
Chief Financial Officer
Sub Lessor: XXXXXX XXXXXXXX Date: 12/3/98
------------------------------------ -------------------
