Exhibit 10.1
DBS
inc.
[GRAPHIC OMITTED]
January 29, 2001
Mr. ▇▇▇▇▇ ▇▇▇
Advanced Communication Technologies, Inc.
▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇
▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
Re: Sublease Agreement Renewal
Office ▇▇.▇▇
▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇ ▇▇▇., ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
Dear Mr. ▇▇▇:
As a courtesy we are advising you that the term of the above referenced
agreement will renew March 1, 2001 for an additional twelve month term.
The monthly rental rate for Office No.13 will be increased approximately 6%
($100) effective March 1, 2001. All other terms and conditions of the above
referenced agreement shall remain as stated.
As always, we appreciate your tenancy and look forward to continuing to provide
you with excellent office facilities and support services. Please contact me
directly at (▇▇▇) ▇▇▇-▇▇▇▇ if you would like to discuss your lease term or if
you have any questions I can help you with.
Sincerely,
DBS, Inc.
▇▇▇▇▇▇ ▇▇▇▇▇▇
Director of Sales & Leasing
dbs:jf
Diversified Business Services, Inc.
Corporate Office o ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇
▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ o Fax: 949/▇▇▇-▇▇▇▇ o 949/▇▇▇-▇▇▇▇
DBS
inc.
[GRAPHIC OMITTED]
July 17, 2000
Mr. ▇▇▇▇▇ ▇▇▇
CEO
Advanced Communication Technologies, Inc.
▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇
▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
REFERENCE: Amendment No. 3 to Sublease Agreement dated February 1, 2000
between ▇▇▇▇▇▇▇, Risk & Associates ("Lessee") and DBS, Inc.
("Lessor") for Office No. 13 (as subsequently amended for name
change to Irvine Global Insurance Services, Inc.) at
▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
Dear Mr. ▇▇▇:
Per your request, this letter shall serve to amend the above referenced Sublease
Agreement and subsequent Amendments to reflect the change of name and billing
responsibility from Irvine Global Insurance Services. Inc. to Advanced
Communication Technologies, Inc. effective August 1, 2000. All other terms and
conditions of the agreement shall remain as stated.
Please return an executed copy of this amendment at your earliest convenience; a
copy has been enclosed for your file.
We appreciate your tenancy and look forward to continuing to provide you with
excellent office facilities and support services. In the event I can ever be
of any assistance to you, please do nor hesitate to contact me directly at
(▇▇▇) ▇▇▇-▇▇▇▇.
Sincerely,
DBS, Inc. ACKNOWLEDGED & AGREED
▇▇▇▇▇ ▇▇▇
/s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ By __________________________
------------------------------
▇▇▇▇▇ ▇▇▇▇▇▇▇▇ CEO
President Title -----------------------
6/18/2000
Date ------------------------
Enclosure
cc: ▇▇. ▇▇▇▇▇▇ ▇▇▇▇▇▇, Director of Sales & Leasing
Ms. ▇▇▇▇▇▇▇▇ ▇▇▇▇▇, Center Manager
Diversified Business Services, Inc.
Corporate Office o ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇
▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ o Fax: 949/▇▇▇-▇▇▇▇ o 949/▇▇▇-▇▇▇▇
DBS
inc.
[GRAPHIC OMITTED]
May 20, 2000
▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
President
Irvine Global Insurance Services, Inc.
▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇
▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇: ▇▇▇▇▇
Reference: Amendment No. 2 to Sublease Agreement dated February 1, 2000
Office No. 13
▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
Dear ▇▇. ▇▇▇▇▇▇▇:
Per your letter of request dated May 1, 2000, this letter shall serve to amend
the above referenced Sublease Agreement to change the name from ▇▇▇▇▇▇▇ Risk &
Associates to Irvine Global Insurance Services, Inc. All other terms and
conditions of the referenced agreement shall remain as stated.
Please return an executed copy of this amendment acknowledging your agreement; a
copy has been included for your file.
We appreciate your tenancy and look forward to continuing to provide you with
excellent office facilities and support services. In the event I can ever be of
any assistance to you, please do not hesitate to contact me directly at (949)
752-2272.
Sincerely,
DBS, Inc. ACKNOWLEDGED & AGREED
▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
/s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ By __________________________
------------------------------
▇▇▇▇▇ ▇▇▇▇▇▇▇▇ President
President Title -----------------------
6/1/2000
Date ------------------------
Enclosure
cc: ▇▇. ▇▇▇▇▇▇ ▇▇▇▇▇▇, Director of Sales & Leasing
Diversified Business Services, Inc.
Corporate Office o ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇
▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ o Fax: 949/▇▇▇-▇▇▇▇ o 949/▇▇▇-▇▇▇▇
DBS
inc.
[GRAPHIC OMITTED]
February 14, 2000
Mr. ▇▇▇▇▇ ▇▇▇
▇▇▇▇▇▇▇, Risk & Associates, Inc.
▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇
▇▇▇▇▇ ▇▇▇
▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
REFERENCE: Amendment No. 1 to Sublease Agreement dated February 1, 2000
▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
Dear Mr. ▇▇▇:
Per your request, this letter shall serve to amend the above referenced Sublease
Agreement to reflect the relocation from Office No. 10/Suite 500 to Office No.
13/Suite 500 effective April 1, 2000 at the monthly rental rate of $1725. All
other terms and conditions of the agreement shall remain as stated.
Please return the executed Amendment at your earliest convenience along with
payment of the enclosed invoice. A copy will be returned for your file.
We appreciate your tenancy and look forward to continuing to provide you with
excellent office facilities and support services.
Sincerely,
DBS, Inc. ACKNOWLEDGED & AGREED
▇▇▇▇▇ ▇▇▇
/s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ By __________________________
------------------------------
▇▇▇▇▇ ▇▇▇▇▇▇▇▇ [ILLEGIBLE]
President Title -----------------------
2/14/2000
Date ------------------------
dbs:jf
Diversified Business Services, Inc.
Corporate Office o ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇
▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ o Fax: 949/▇▇▇-▇▇▇▇ o 949/▇▇▇-▇▇▇▇
SUBLEASE AGREEMENT
This Lease Agreement is made on this 1st day of February, 2000, at Newport
Beach, California between DIVERSIFIED BUSINESS SERVICES, INC. (hereinafter
"Lessor" or "DBS") and ▇▇▇▇▇▇▇, Risk & Associates, Inc. (hereinafter "Lessee" or
"Tenant").
I. Premises
DBS hereby leases to Lessee and Lessee hereby hires from DBS, the property
hereinafter referred to as the "subject premises" located in the City of
Irvine, County of Orange, State of California, and more particularly described
as ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇, Office No(s). 10 (Exhibit "A").
II. Term
The term of this Lease shall be for 12 months, commencing on the 1st day
of March 2000, and ending on the 28th day of February 2001. Said rental term
shall be automatically extended for the same period and all provisions
applicable to the initial lease term shall apply to the extended lease term(s)
with the exception of renewal rate, unless Lessee gives Lessor or Lessor gives
Lessee written notice of cancellation of this renewal provision at least thirty
(30) days prior to the expiration of any lease term. For the purpose of
interpretation, a thirty day notice specifically means on or before the first
day of the last month of occupancy.
III. Rent & Rent Deposit
Tenant shall pay as rent DBS the sum of One Thousand Four Hundred
Twenty-Five & 00/100 --- Dollars ($1425.00) as the first month's rent and the
sum of One Thousand Four Hundred Twenty-Five & 00/100 Dollars ($1425.00) as a
deposit against payment of rent for the last month of occupancy under this
Sublease Agreement; thereafter, on or before the first day of each succeeding
month, Lessee shall pay the sum of One Thousand Four Hundred Twenty-Five &
00/100 Dollars ($1425.00).
In the event payment of rent is made after the fifth (5) day of the month,
an automatic late charge of 10% ($142.50) will be charged and must be included
with rental payment. A $25 charge will be paid by the Lessee to the Lessor for
each returned check.
The deposit for payment of the final month's rent provided for hereunder
may be used by ▇▇▇▇▇▇ for any purpose, free of trust, and no interest shall be
paid to Lessee thereon.
Initials:
Lessee: /s/ RM
-------
Lessor: /s/ CM
-------
1 of 5
IV. Set-Up Fee
▇▇▇▇▇▇ acknowledges that ▇▇▇▇▇▇ has inspected the subject premises prior
to taking occupancy and that the subject premises are clean and in good repair.
On or before occupancy, Lessee shall pay Lessor the sum of Two Hundred & 00/000
--- Dollars ($200.00) for payment of expenses incurred by Lessor for door
sign(s), directory signs, keys, and general administrative set-up of account.
V. Use of Premises
The subject premises shall be used by ▇▇▇▇▇▇ as a business office and for
uses normally incident thereto and for no other purpose. Lessee shall allow no
hazardous or noxious materials to be stored at the subject premises and Lessee
shall allow no activities on the subject premises which are illegal or otherwise
constitute a nuisance or disturbance to other tenants of the building.
VI. Covenants of Tenant/Lessee
Tenant covenants and agrees to pay each monthly installment of rent
provided for herein on or before the due date, to use the subject premises for
the purpose hereinabove stated, and to surrender the subject premises, together
with appropriate office and building keys, upon the termination of tenancy in as
good condition as existed at the date of initial occupancy, reasonable wear and
tear excepted.
(a) Default: The occurrence of any of the following shall constitute a
material default and breach of this Lease by ▇▇▇▇▇▇: 1) Any failure by Lessee to
pay rent or to make any other payments required to be made by Lessee hereunder,
after written notice; 2) The abandonment or vacation of the Premises by ▇▇▇▇▇▇,
bankruptcy of Lessee, or assignment for benefit of creditors; 3) A failure by
Lessee to observe and perform any other provision of this Lease to be observed
or performed by Lessee, where such failure continues for thirty (30) days after
written notice thereof by Lessor to Lessee.
In the event of any such default by ▇▇▇▇▇▇, then in addition to any other
remedies available to Lessor at law or in equity, Lessor shall have the
immediate option to terminate this Lease and all rights of Lessee hereunder by
giving written notice of such intention to terminate. In the event that Lessor
shall elect to so terminate this Lease then Lessor may recover from Lessee any
unpaid rent plus interest on said unpaid rental at the rate of ten percent (10%)
per annum.
In the event of any such default by ▇▇▇▇▇▇, Lessor shall also have the
right, with or without terminating this Lease, to re-enter the Premises and
remove all persons and property from the Premises; such property may be removed
and stored in a public warehouse or elsewhere at the cost of and for the account
of Lessee.
Initials:
Lessee: /s/ RM
-------
Lessor: /s/ CM
-------
2 of 5
(b) Abandonment: Lessee shall not vacate or abandon the premises at any
time during the term and if ▇▇▇▇▇▇ shall abandon, vacate or surrender said
premises for a period of thirty (30) days or be dispossessed by process of law,
or otherwise, any personal property belonging to ▇▇▇▇▇▇ and left on the premises
shall be deemed to be abandoned.
(c) Keys: Lessee shall receive one key for each office leased and one key
for entry into main office. Lessee shall pay to Lessor the sum of $5.00 for each
key not returned at the expiration of this Lease, or for any additional
duplicate keys provided to Lessee. Tenant shall not alter any lock or install
additional locks or bolts on any door.
(4) Rules & Regulations: ▇▇▇▇▇▇ agrees to observe and comply with the
Building Rules and Regulations as specified on Exhibit "D-1" and the Parking
Rules and Regulations as specified on Exhibit "D-2" attached hereto.
(e) Lessor's Employees: Should Lessee elect to hire any of Lessor's
employees. during tenancy and/or for a one (1) year period following vacancy of
premises, a fee shall be paid to Lessor in the amount of $10,000.00 per employee
as compensation for Lessor's loss thereof, unless ▇▇▇▇▇▇ does not intend to
retain said employee(s).
(f) Copy Equipment: Lessee may maintain their own "desktop" copy equipment
inside the leased office. Free-standing machines and/or machines that require
additional electricity or dedicated circuitry are not permitted. ▇▇▇▇▇▇ also
agrees not to allow or solicit other clients on the premises to use ▇▇▇▇▇▇'s
copy equipment.
VII. Covenants of DBS/Lessor
Lessor agrees to pay for all utilities (excepting local and long distance
telephone service, which shall be billed separately as specified under Article
VIII) and janitorial service.
Rental payment includes telephone answering and reception services during
business hours (8 a.m. to 5 p.m.) Monday through Friday, use of the conference
room(s) by Tenant as reserved on an as-needed basis, and coffee service.
DBS shall provide office support services Monday through Friday during
business hours; a separate statement for those services based on the then
current rate sheet (Exhibit "B") shall be rendered at the end of each month and
is due and payable upon presentation. As charges represent costs for labor and
materials (such as postage, shipping charges, stationary supplies, local and
long distance telephone service, parking validations, etc.) that have been
incurred by DBS on behalf of the Lessee/Tenant during the previous monthly
accounting period; payment is due no later than the 10th day of each month
following presentation of this statement.
Initials:
Lessee: /s/ RM
-------
Lessor: /s/ CM
-------
3 of 5
VIII. Telephone Equipment/Service
Lessee shall pay for the installation and all charges pertaining to
▇▇▇▇▇▇'s telephone service. Lessee shall pay directly to Lessor the cost of
connecting Lessee's telephone equipment and service (Exhibit "C") and the
monthly charges for telephone equipment, and all associated local and long
distance charges (a copy of these charges will be provided with the monthly
office services invoice).
IX. Insurance & Personal Property Taxes
Tenant shall be responsible to provide insurance protection of personal
property and liability within the subject premises and shall hold DBS harmless
from any claim arising out of events occurring within the confines of the
subject premises. DBS shall provide Liability insurance for the common areas
providing access to the subject premises for Tenant and Tenant's business
invitees. Lessee is responsible for payment of all taxes levied or assessed on
▇▇▇▇▇▇'s personal property.
X. Superior Lease
The parties hereby acknowledge that this Sublease Agreement is subordinate
to a Superior Lease. The building in which the subject premises is located is
owned by Atrium Irvine Limited Partnership. DBS has entered into a written lease
with Atrium Irvine Limited Partnership and Diversified Business Services, Inc.
dated February 2,1995. The parties mutually acknowledge that this Sublease
Agreement is entered into with the knowledge of aforesaid Superior Lease. The
parties, and each of them, represent that they will do no act with respect to
the subject premises which would violate the terms of the Superior Lease as
defined in Exhibits D-1 and D-2.
XI. Successors and Assigns
The covenants and conditions herein contained shall be subject to the
provisions as to assignment, apply to and bind the heirs, successors, executors,
administrators and assigns of the parties hereto.
XII. Miscellaneous
1. This Lease Agreement is entered into in the State of California and
shall be interpreted in accordance with the laws of the State of California.
2. This Lease Agreement constitutes the entire Agreement of the parties
with respect to the subject matter hereof.
Initials:
Lessee: /s/ RM
-------
Lessor: /s/ CM
-------
4 of 5
3. This Lease Agreement may not be modified except in writing signed by
both parties.
4. In the event of any litigation between the parties arising out of this
Lease Agreement or the subject matter hereof, the prevailing party shall be
entitled to recover, in addition to costs, reasonable attorney's fees.
Lessor: Tenant/Lessee:
Diversified Business Services, Inc., ▇▇▇▇▇▇▇, Risk & Associates, Inc.
/s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ /s/ ▇▇▇▇▇ ▇▇▇
By: ------------------------------ By: ----------------------------------
▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇
President [ILLEGIBLE} -- Director
Title: --------------------------- Title: -------------------------------
2/28/00 2/14/2000
Date: ---------------------------- Date: --------------------------------
Initials:
Lessee: /s/ RM
-------
Lessor: /s/ CM
-------
5 of 5
SUBLEASE AGREEMENT
This Lease Agreement is made on this 14th day of February, 2000, at
Newport Beach, California between DIVERSIFIED BUSINESS SERVICES, INC.
(hereinafter "Lessor" or "DBS") and, Advanced Communication Technologies, Inc.
(hereinafter "Lessee" or "Tenant).
I. Premises
DBS hereby leases to Lessee and Lessee hereby hires from DBS, the property
hereinafter referred to as the "subject premises" located in the City of Irvine,
County of Orange, State of California, and more particularly described as ▇▇▇▇▇
▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇, Office Nos. 10/11/12/32 (Exhibit "A").
II. Term
The term of this Lease shall be for 12 months, commencing on the 1st day
of April, 2000, and ending on the 30th day of September, 2000. Said rental term
shall be automatically extended for the same period and all provisions
applicable to the initial lease term shall apply to the extended lease term(s)
with the exception of renewal rate, unless Lessee gives Lessor or Lessor gives
Lessee written notice of cancellation of this renewal provision at least thirty
(30) days prior to the expiration of any lease term. For the purpose of
interpretation, a thirty day notice specifically means on or before the first
day of the last month of occupancy.
III. Rent & Rent Deposit
Tenant shall pay as rent to DBS the sum of Five Thousand Five Hundred
Twenty-Five & 00/000 Dollars ($5525.00) as the first month's rent and the sum of
Five Hundred Twenty-Five & 00/000 Dollars ($5525.00) as a deposit against
payment of rent for the last month of occupancy under this Sublease Agreement;
thereafter, on or before the first day of each succeeding month, Lessee shall
pay the sum of Five Thousand Five Hundred Twenty-Five & 00/000 Dollars
($5525.00).
In the event payment of rent is made after the fifth (5) day of the month,
an automatic late charge of 10% ($ 552.50) will be charged and must be included
with rental payment. A $25 charge will be paid by the Lessee to the Lessor for
each returned check.
The deposit for payment of the final month's rent provided for hereunder
may be used by ▇▇▇▇▇▇ for any purpose, free of trust, and no interest shall be
paid to Lessee thereon.
Initials:
Lessee: /s/ RM
-------
Lessor: /s/ CM
-------
1 of 5
IV. Set-Up Fee
▇▇▇▇▇▇ acknowledges that ▇▇▇▇▇▇ has inspected the subject premises prior
to taking occupancy and that the subject premises are clean and in good repair.
On or before occupancy, Lessee shall pay Lessor the sum of -- 00/000 -- Dollars
($ n/c) for payment of expenses incurred by Lessor for door sign(s), directory
signs, keys, and general administrative set-up of account.
V. Use of Premises
The subject premises shall be used by ▇▇▇▇▇▇ as a business office and for
uses normally incident thereto and for no other purpose. Lessee shall allow no
hazardous or noxious materials to be stored at the subject premises and Lessee
shall allow no activities on the subject premises which are illegal or otherwise
constitute a nuisance or disturbance to other tenants of the building.
VI. Covenants of Tenant/Lessee
Tenant covenants and agrees to pay each monthly installment of rent
provided for herein on or before the due date, to use the subject premises for
the purpose hereinabove stated, and to surrender the subject premises, together
with appropriate office and building keys, upon the termination of tenancy in as
good condition as existed at the date of initial occupancy, reasonable wear and
tear excepted.
(a) Default: The occurrence of any of the following shall constitute a
material default and breach of this Lease by ▇▇▇▇▇▇: 1) Any failure by Lessee to
pay rent or to make any other payments required to be made by Lessee hereunder,
after written notice; 2) The abandonment or vacation of the Premises by ▇▇▇▇▇▇,
bankruptcy of Lessee, or assignment for benefit of creditors; 3) A failure by
Lessee to observe and perform any other provision of this Lease to be observed
or performed by Lessee, where such failure continues for thirty (30) days after
written notice thereof by Lessor to Lessee.
In the event of any such default by ▇▇▇▇▇▇, then in addition to any other
remedies available to Lessor at law or in equity, Lessor shall have the
immediate option to terminate this Lease and all rights of Lessee hereunder by
giving written notice of such intention to terminate. In the event that Lessor
shall elect to so terminate this Lease then Lessor may recover from Lessee any
unpaid rent plus interest on said unpaid rental at the rate often percent (10%)
per annum.
In the event of any such default by ▇▇▇▇▇▇, Lessor shall also have the
right, with or without terminating this Lease, to re-enter the Premises and
remove all persons and property from the Premises; such property may be removed
and stored in a public warehouse or elsewhere at the cost of and for the account
of Lessee.
Initials:
Lessee: /s/ RM
-------
Lessor: /s/ CM
-------
2 of 5
(b) Abandonment: Lessee shall not vacate or abandon the premises at any
time during the term and if ▇▇▇▇▇▇ shall abandon, vacate or surrender said
premises for a period of thirty (30) days or be dispossessed by process of law,
or otherwise, any personal property belonging to ▇▇▇▇▇▇ and left on the premises
shall be deemed to be abandoned.
(c) Keys: Lessee shall receive one key for each office leased and one key
for entry into main office. Lessee shall pay to Lessor the sum of $5.00 for each
key not returned at the expiration of this Lease, or for any additional
duplicate keys provided to Lessee. Tenant shall not alter any lock or install
additional locks or bolts on any door.
(4) Rules & Regulations: ▇▇▇▇▇▇ agrees to observe and comply with the
Building Rules and Regulations as specified on Exhibit "D-1" and the Parking
Rules and Regulations as specified on Exhibit "D-2" attached hereto.
(e) Lessor's Employees: Should Lessee elect to hire any of Lessor's
employees, during tenancy and/or for a one (1) year period following vacancy of
premises, a fee shall be paid to Lessor in the amount of $10,000.00 per employee
as compensation for Lessor's loss thereof unless Lessor does not intend to
retain said employee(s).
(f) Copy Equipment: Lessee may maintain their own "desktop" copy equipment
inside the leased office. Free-standing machines and/or machines that require
additional electricity or dedicated circuitry are not permitted. ▇▇▇▇▇▇ also
agrees not to allow or solicit other clients on the premises to use ▇▇▇▇▇▇'s
copy equipment.
VII. Covenants of DBS/Lessor
Lessor agrees to pay for all utilities (excepting local and long distance
telephone service, which shall be billed separately as specified under Article
VIII) and janitorial service.
Rental payment includes telephone answering and reception services during
business hours (8 a.m. to 5 p.m.) Monday through Friday, use of the conference
room(s) by Tenant as reserved on an as-needed basis, and coffee service.
DBS shall provide office support services Monday through Friday during
business hours; a separate statement for those services based on the then
current rate sheet (Exhibit "B") shall be rendered at the end of each month and
is due and payable upon presentation. As charges represent costs for labor and
materials (such as postage, shipping charges, stationary supplies, local and
long distance telephone service, parking validations, etc.) that have been
incurred by DBS on behalf of the Lessee/Tenant during the previous monthly
accounting period; payment is due no later than the 10th day of each month
following presentation of this statement.
Initials:
Lessee: /s/ RM
-------
Lessor: /s/ CM
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VIII. Telephone Equipment/Service
Lessee shall pay for the installation and all charges pertaining to
▇▇▇▇▇▇'s telephone service. Lessee shall pay directly to Lessor the cost of
connecting Lessee's telephone equipment and service (Exhibit "C") and the
monthly charges for telephone equipment, and all associated local and long
distance charges (a copy of these charges will be provided with the monthly
office services invoice).
IX. Insurance & Personal Property Taxes
Tenant shall be responsible to provide insurance protection of personal
property and liability within the subject premises and shall hold DBS harmless
from any claim arising out of events occurring within the confines of the
subject premises. DBS shall provide liability insurance for the common areas
providing access to the subject premises for Tenant and Tenant's business
invitees. Lessee is responsible for payment of all taxes levied or assessed on
▇▇▇▇▇▇'s personal property.
X. Superior Lease
The parties hereby acknowledge that this Sublease Agreement is subordinate
to a Superior Lease. The building in which the subject premises is located is
owned by Atrium Irvine Limited Partnership. DBS has entered into a written lease
with Atrium Irvine Limited Partnership and Diversified Business Services, Inc.
dated February 2, 1995. The parties mutually acknowledge that this Sublease
Agreement is entered into with the knowledge of aforesaid Superior Lease. The
parties, and each of them, represent that they will do no act with respect to
the subject premises which would violate the terms of the Superior Lease as
defined in Exhibits D-1 and D-2.
XI. Successors and Assigns
The covenants and conditions herein contained shall be subject to the
provisions as to assignment, apply to and bind the heirs, successors, executors,
administrators and assigns of the parties hereto.
XII. Miscellaneous
1. This Lease Agreement is entered into in the State of California and
shall be interpreted in accordance with the laws of the State of California.
2. This Lease Agreement constitutes the entire Agreement of the parties
with respect to the subject matter hereof.
Initials:
Lessee: /s/ RM
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Lessor: /s/ CM
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3. This Lease Agreement may not be modified except in writing signed by
both parties.
4. in the event of any litigation between the parties arising out of this
Lease Agreement or the subject matter hereof, the prevailing party shall be
entitled to recover, in addition to costs, reasonable attorney's fees.
5. Upon execution, this Sublease Agreement shall replace and supercede any
and all previous agreement in their entirety.
Diversified Business Services, Inc., Tenant/Lessee:
Advanced Communication Technologies, Inc.
/s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ /s/ ▇▇▇▇▇ ▇▇▇
By: ------------------------------ By: ----------------------------------
▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇
President Chief Executive Officer
Title: --------------------------- Title: -------------------------------
3/31/00 2/14/2000
Date: ---------------------------- Date: --------------------------------
Initials:
Lessee: /s/ RM
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Lessor: /s/ CM
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National Service Industries, Inc.
6% Notes Due 2009
NSI
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PROSPECTUS SUPPLEMENT
January 21, 1999
(Including Prospectus
dated September 8, 1998)
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▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇
▇▇▇▇▇▇▇, ▇▇▇▇▇ & Co.
▇.▇. ▇▇▇▇▇▇ & Co.
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