[UNIVERSAL DETECTION TECHNOLOGY LETTERHEAD]
October 14, 2004
Astor Capital, Inc.
0000 Xxxxxxxx Xxxx. Xxxxx 000
Xxxxxxx Xxxxx, XX 00000
RE: OFFICE LEASE - 0000 XXXXXXXX XXXX. - SUITE 700
Dear Sirs:
Reference is made to the certain Lease Agreement between CSDVS Limited
Partnership ("Landlord") and Astor Capital, Inc. ("Astor"), effective as of
February 1, 2004, a copy of which is attached hereto as Exhibit "A" and by this
reference, made a part hereof.
Universal Detection Technology, Inc. ("UDTT") is desirous of occupying the
premises located at 0000 Xxxxxxxx Xxxx., Xxxxx 000, Xxxxxxx Xxxxx, XX 00000 and
assuming the Lease Agreement in its entirely from Astor.
In consideration of the mutual covenants and promises contained herein, as well
as, other consideration, the sufficiency and receipt of which is hereby
acknowledged, Xxxxx agrees to assign the Lease Agreement to UDTT in its
entirety, effective November 1, 2004 to UDTT. Astor warrants and represents that
all of its accounts with the Landlord are paid in full and in good standing.
As further consideration for the assignment of the Lease Agreement to UDTT,
Astor hereby assigns to UDTT all of its right, title and interest in and to any
security deposits or other refundable amounts to which it may be entitled.
UDTT shall be responsible for all terms and conditions contained in the Lease
Agreement as though it entered into such agreement directly with Landlord.
Effective November 1, 2004, and continuing on a month to month basis, UDTT shall
sublease to Astor certain common areas within the premises on a non-exclusive
basis for a monthly fee equal to Five Hundred Dollars ($500.00), payable on the
first day of each month, commencing on November 1, 2004.
If the aforementioned is accepted and agreed to, please indicate same by
affixing your signature below, and together with ours shall represent the entire
agreement.
Sincerely,
UNIVERSAL DETECTION TECHNOLOGY, INC.
By: /s/ Xxxxxxx Xxxxxx
------------------------------------
Xxxxxxx Xxxxxx
Its: CEO
Accepted, Understood & Agreed:
ASTOR CAPITAL, INC.
By: /s/ Xxx Xxxxxxxx
------------------------------------
Its: MANAGING PARTNER
