Exhibit 10.27
SUBLEASE AGREEMENT
This "Sublease Agreement" by and between INPUT/OUTPUT, INC., ("Sublessor"), who
hereby agrees to sublease the 00000 Xxxxxxxxx Xxxxxx space, Houston, Xxxxxx Co.,
Texas, to MARINE & INDUSTRIAL SUPPLY CO., ("Sublessee"), on a three (3) month
basis for Forty Nine Hundred and Fifty Dollars ($4,950.00/Month) per month on a
net/net/net basis. This Sublease should begin on October 8, 1998, upon first
month's payment and execution of subject agreement by Marine & Industrial Supply
Co. Both parties acknowledge Xxxxx & Xxxxx as the only broker, involved in this
transaction and shall be paid by Sublessor by separate agreement. Either party
may cancel this Sublease by giving the other party fifteen (15) days prior
written notice. If the Sublessee is in an holdover position, he agrees to pay
two hundred (200%) percent of the above referenced monthly rental to Sublessor.
All other terms and conditions and precedents of the Master Lease attached
hereto and thereby made a part hereof shall prevail.
Agreed and Accepted this 8th day of October, 1998.
SUBLESSOR: SUBLESSEE:
By: /s/ Xxxxxx X. Xxxxxx By: /s/ Xxxxxxx Xxxxx
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Xxxxxx X. Xxxxxx Xxxxxxx Xxxxx
Vice President and Controller
