EXHIBIT 10.11
OFFICE LEASE
THIS LEASE AGREEMENT made this 15th day of January, 2000 between COUNCIL ON
AMERICAN-ISLAMIC RELATIONS, (hereinafter referred to as "Landlord"), and
ARISTOTLE PUBLISHING INC., (hereinafter referred to as "Tenant").
1. DEFINITIONS
For purposes of this Lease:
A. "Lease Year" shall mean a twelve-month period during the
Term, commencing on the Commencement Date or anniversary
thereof, and ending on the last day of the twelfth month
thereafter (e.g., January 15/th/, 2000 to January 15th, 2001
equals one "Lease Year").
B. "Net Rentable Square Feet" shall mean the "rentable area" as
that term is defined and measured in conformity with the
ANSI/BOMA American National Standard of Measurement
(ANSIIBOMA Z65.1-1996).
C. "Normal Business Hours" shall mean between the hours of 8:00
A.M. and 6:00 P.M., Monday through Friday and 8:00 A.M. to
6:00 P.M. on Saturday (but not including Legal Holidays).
D. "Real Estate Taxes" shall mean all taxes, assessments and
public charges of every kind and nature, general and
special, extraordinary as well as ordinary, foreseen and
unforeseen, which may be levied, assessed or imposed by any
governmental entity having jurisdiction to impose such taxes
or assessments upon the Building and all improvements and on
the underlying real property.
2. DEMISE AND TERM: Landlord does hereby lease to Tenant, and Tenant
does hereby hire and take from Landlord, all that certain space
depicted on Exhibit A, attached hereto and made a part hereof,
being, more particularly described as commercial office space
containing approximately 2,299 square feet of basic rentable area
(the "Premises") and being a portion of the third floor of the
▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇ ▇▇ ▇ ▇▇▇▇▇▇, ▇. E., in the City of
Washington, in the District of Columbia (the "Building").
The term of this Lease shall be twelve ( 12) months (the "Term"),
beginning on January 15th, 2000 (the "Commencement Date") and
ending, without the necessity of further notice from either party
to the other, on January 15th, 2001 (the "Termination Date").
3. RENT
A. Minimum Rent: The Minimum Rent payable by Tenant during the Term
shall be Sixty Eight thousand nine hundred seventy and 00/100
Dollars ($68,970.00) per annum, payable in equal monthly
installments
of five thousand seven hundred forty seven and 50/100 Dollars
($5,747.50).
B. Minimum Rent is due on the first day of each month of the Term,
commencing on the Commencement Date. Payments received after the
10th day of the month are subject to a late charge of 10% of the
amount due.
C. Place of Payment: All rentals and other sums payable hereunder
shall be payable to Landlord without demand, notice or setoff,
during normal business hours at the address set forth in Article
21 hereof, or at such other place as Landlord may direct, in
writing, from time to time.
4. OPTION TO EXTEND: Tenant has no option to extend the term.
5. USE OF PREMISES: The Premises are to be used for general office use,
including administrative and executive offices, secretarial, computer
support, word processing and such other incidental uses that are
commonly associated with an executive, administrative or professional
office, and for no other use. Tenant shall have 24 hour daily access
to the Demised Premises, seven (7) days a week.
6. POSSESSION: Tenant acknowledges that Tenant is in possession of the
Premises as of the Commencement Date of the Lease.
7. SERVICES: Landlord covenants and agrees to furnish the following
services, the cost of which are included in Tenant's Minimum Rent:
(A) Lighting and electricity for the operation of customary
electrical office equipment, provided, however, that, Tenant
shall not install or connect systems or other heavy electrical
equipment of any type which may overtax the Building's electrical
system to the detriment of the Building or other tenants therein.
If Tenant requires special or extraordinary electrical power,
Tenant may, with Landlord's prior written approval and at
Tenant's sole expense, upgrade the electrical system as needed.
The cost of electricity resulting from the use of such heavy
equipment approved by Landlord shall be charged to and paid by
Tenant as Additional Rent hereunder.
(B) Heat and Air-Conditioning for comfortable occupancy during Normal
Business Hours.
(C) Passenger elevator service during Normal Business Hours and an
elevator subject to call at all other times when normal passenger
service is not furnished.
(D) Hot and Cold Water.
Should Tenant require air-conditioning and heating service,
electrical service or any services other than those specified
above outside of
Normal Business Hours, Landlord, upon reasonable advance notice
by Tenant, shall furnish such additional services and Tenant
agrees to pay to Landlord, within ten (10) days after billing,
Landlord's cost to provide such additional services. Landlord
shall not be liable for any failure to furnish any of the above
services if such failure is due to a shortage of materials,
supplies, labor, services or other cause reasonably beyond its
control. Furthermore, Landlord reserves the right to interrupt,
curtail or suspend the services required to be furnished by
Landlord under this Section when the necessity therefore arises
by reason of accident, emergency, mechanical breakdown or when
required by law, order or regulation of any federal, state or
municipal authority, or for any cause beyond the reasonable
control or authority of Landlord.
8. REPAIRS: Tenant shall, at its expense, maintain the Premises and make
all repairs and replacements to the Premises itself, the fixtures and
appurtenances thereto and to its personal property and equipment. In
addition, Tenant shall repair all damage or injury to the Premises or
to the Building caused by Tenant moving property in or out of the
Building or by installation or removal of furniture, fixtures or other
property or caused by the negligence of Tenant, its employees, agents
or invitees. Repairs, restorations and replacements shall be in
quality and class equal to the original work or installation.
9. ALTERATIONS: Tenant shall not make any alterations, additions or
improvements to the Premises without the prior written consent of
Landlord. In no event shall any structural change or any change or
modification to the heating, electrical or plumbing elements be
undertaken by Tenant or any employee or agent of Tenant without
Landlord's prior, written consent. Any approved alterations,
additions or improvements shall be performed in a good and workmanlike
manner and in accordance with the applicable laws and ordinances of
any public authority having jurisdiction over the Building and in
accordance with the building and zoning rules and regulations of any
such authority. Tenant hereby expressly assumes full responsibility
for all damages and for injuries which may result to any person or
property by reason of, or resulting from said alterations, additions
or improvements. All alterations, improvements, additions or
fixtures, whether installed before or after the execution of this
Lease, and to the extent they represent "fixtures" as that term is
generally understood, shall remain upon the Premises at the expiration
or sooner termination of this Lease and shall become the property of
Landlord. In making any approved alterations, additions or
improvements, Tenant shall promptly pay all contractors, materialmen,
and laborers so as to eliminate the possibility of a lien attaching to
the Building or the underlying real property. Should any such lien be
made or filed, Tenant shall bond against or discharge same within
twenty (20) days after written request by Landlord and provide
Landlord with evidence of same.
10. LIMITATION OF LANDLORD'S LIABILITY: Unless caused solely by
Landlord's negligence, or the negligence Landlord's agents, servants
and employees, Landlord shall not be liable for, and Tenant hereby
releases
Landlord and Landlord's agents, servants and employees from, all
claims for injury to persons or damage to property (including loss or
interruption of business) sustained by Tenant or any person claiming
through Tenant, resulting from any fire, accident or occurrence or
condition in or upon the Premises or the Building, including, but not
limited to, claims for damage resulting from:
A. Any defect in or failure of the plumbing, sprinkler systems,
heating or air conditioning equipment, elevator, electrical
wiring or installation thereof, water pipes, stairs, railings or
walks;
B. Any equipment or appurtenances becoming out of repair;
C. Bursting, leaking or running of any water pipe, tubing, radiant
panel, electric fixture, valve, fitting, tank, washstand, water
closet, waste pipe, drain or any other pipe or tank in or upon
the Premises or the Building;
D. Backing-up of any sewer pipe or downspout;
E. Escape of steam, gas, or hot or cold water;
F. Water, snow or ice being upon or coming through the roof, walls
or foundation of the Building or any other place upon or near the
Premises or otherwise;
G. Failure or falling of any fixture, plaster or stucco;
H. Broken glass;
I. Any act or omissions of co-tenants or other occupants of the
Building or any act or omission of parties other than Landlord,
its employees or agents and/or;
J. The exercise of any rights by Landlord under this Lease.
In addition to the foregoing, Landlord's liability under this Lease
shall be limited to its estate in the Building and the rents derived
therefrom, it being agreed and understood that no other assets of
Landlord shall be subject to levy, execution or other procedures for
the satisfaction of any judgment or any other remedy or claim of
Tenant hereunder.
11. ASSIGNMENT AND SUBLETING: Tenant may not assign this Lease nor sublet
the whole or any part of the Premises without the prior, written
consent of Landlord, which consent shall not be unreasonably withheld.
In the event of an assignment or sublease, Tenant shall remain liable
for the performance of any and all obligations under the Lease.
12. CASUALTY LOSS:
A. Major Destruction. In the event that the Premises are totally
destroyed or so damaged by fire or other casualty, not occurring
through fault or negligence of the Tenant or those employed by or
acting for Tenant, that the same cannot, in Landlord's reasonable
opinion, be repaired or restored within 120 days of the date of
destruction, this Lease shall absolutely cease and terminate as
of the date of such casualty. In such event, Tenant will be
liable for Minimum Rent and Additional Rent up to and including
the date of such casualty.
B. Partial Destruction. If the damage caused by fire or other
casualty be only partial and such that, in Landlord's reasonable
opinion, the Premises can be restored within 120 days to their
condition existing immediately prior to the damage, then Landlord
shall restore the same with reasonable promptness reserving the
right to enter upon the Premises for that purpose. The Landlord
also reserves the right to enter upon the Premises whenever
necessary to repair damage caused by fire or other casualty to
the Building, even though the effect of such entry may be to
render the Premises or a part thereof untenantable. In such
event the Minimum Rent and Additional Rent shall be apportioned
and/or suspended during the time the Landlord is in possession,
taking into account the proportion of the Premises rendered
untenantable and the duration of Landlord's possession.
C. Election to Repair. Landlord shall make its election to repair
the Premises or terminate this Lease as set forth herein by
giving notice thereof to Tenant within thirty (30) days from the
date Landlord receives notice that the Premises have been
destroyed or damaged by fire or other casualty. Moreover, and
notwithstanding anything herein to the contrary, Landlord or
Tenant may cancel this Lease if any casualty covered by this
Section occurs within the last 180 days of the Term, irrespective
of whether Landlord elects to repair.
D. No Liability. Landlord shall not be liable for any damage
compensation or claim by reason of inconvenience or annoyance
arising from the necessity of repairing any p
13. INSURANCE: Tenant will procure and maintain in full force and effect,
at its sole cost and expense, as long as this Lease remains in effect,
the following types of insurance coverage:
A. Public liability insurance, including contractual liability with
respect to the Leased Premises, with companies and in form
acceptable to Landlord, having a minimum limit of one million
Dollars ($1,000,000) on account of bodily injuries to or death of
one person and Three Million Dollars ($3,000,000) on account of
bodily injuries or death as a result of any occurrence, accident
or disaster; and
B. Property damage insurance with minimum limits of One Million
Dollars ($1,000,000); and
C. Fire and extended coverage insurance on Tenant's personal
property, including inventory, trade fixtures, floor coverings,
furniture and other property, and Tenant's leasehold
improvements.
Tenant will deliver the policy or policies of such insurance, or
certificates evidencing the existence of same, to Landlord prior
to Tenant taking occupancy of the Premises. Such policies shall
name Landlord and Landlord's mortgagee, if any, as additional
insureds and such policy or policies shall contain a provision
stating that such policy or policies shall not be cancelled
except after thirty (30) days written notice to Landlord. If the
nature of Tenant's operation is such as to place any or all of
its employees under the coverage of local workmen's compensation
or similar statutes, Tenant shall also keep in force, at its sole
cost and expense, and so long as this Lease remains in effect,
▇▇▇▇▇▇▇'▇ compensation or similar insurance affording statutory
coverage at statutory limits.
If Tenant shall not comply with the covenants made in this
section of the Lease, Landlord may cause insurance as aforesaid
to be issued and, in such event, Tenant agrees to pay, as
Additional Rent, the premium paid by Landlord for such insurance
upon written demand. In addition, Landlord reserves the right to
increase the policy limits set forth herein as Landlord, in its
reasonable discretion, deems appropriate.
14. QUIET ENJOYMENT/LANDLORD'S RIGHT OF ENTRY: Tenant, upon paying the
Minimum Rent and Additional Rent, if any, and observing and performing
all the terms, covenants and conditions on its part to be observed and
performed, may peaceably and quietly enjoy the Premises without
hindrance or molestation. Notwithstanding the foregoing, Landlord and
persons designated by Landlord have the right to enter the Premises at
reasonable hours and upon reasonable advance notice to examine same
and to do such work as Landlord is obligated to do under the terms
hereof or to do such work as Landlord shall deem necessary for the
safety or preservation of the Premises or Building provided, however,
that except in the case of an emergency, the same shall not interfere
unreasonably with the conduct of Tenant's business.
15. DEFAULT BY TENANT/ REMEDIES: The occurrence of one or more of the
following events shall constitute a default and breach of this Lease
by Tenant: (a) the vacating or abandonment of the Premises; (b) the
failure by Tenant to make any payment of rent within five (5) days
after such payment falls due; (c) the failure by Tenant to make any
other payment required to be made by Tenant hereunder, as and when
due, where such failure shall continue for a period of 10 days after
notice from Landlord that said payment is due and payable; or (d) the
failure by tenant to observe or perform any of the covenants,
conditions or provisions of this Lease, to be observed or performed
by the Tenant, other than those described above, where such failure
shall continue for a period of 30 days after written notice thereof by
Landlord to Tenant. In the event of any default or breach by Tenant,
Landlord may at any time, without waiving or limiting any other right
or remedy available to it, terminate Tenant's rights under this Lease
by written notice or by any lawful means, or reenter and take
possession of the Premises (with or without terminating this Lease) in
which event all Minimum Rent and Additional Rent due hereunder shall
be accelerated and become immediately due and payable, or itself pay
or perform the obligation as, to which Tenant is in default (in which
event Landlord's cost of so doing shall be immediately reimbursed to
it by Tenant), or pursue any remedy allowed by law. Tenant agrees to
pay to Landlord the cost of recovering possession of the Premises, all
expenses associated with reletting, and any other costs or damages
arising out of Tenant's default. Notwithstanding any re-entry or
termination, the liability of Tenant for the Minimum Rent and
Additional Rent provided for herein shall not be extinguished for the
balance of the term of this Lease, and Tenant agrees to make good to
Landlord any deficiency arising from reletting the Premises at a
lesser rent than applies under this Lease. Any rent or other charges
under this Lease not paid by Tenant when due shall bear interest from
the due date thereof at the rate of eighteen percent (18%) per annum
or the maximum contract rate allowed by law, whichever is less.
16. CONDEMNATION: If the whole of the Building or Premises shall be
acquired or condemned by eminent domain for any public or quasi-public
use or purpose, then the term of the Lease shall cease and terminate
as of the date of title vesting pursuant to such proceeding and all
rentals shall be paid up to that date. If any part of the Building
shall be acquired or condemned as aforesaid, and such partial taking
or condemnation shall render the Premises unsuitable for the business
of the Tenant, then the term of this Lease shall cease and terminate
as of the date of title vesting pursuant to such proceeding. In the
event of a partial taking or condemnation, which is not extensive
enough to render the entire Premises unsuitable for the business of
the Tenant, then this Lease shall continue in full force and effect,
provided, however that where the Premises are partially taken or the
area of the Building reduced, the Minimum Rent and Additional Rent
shall be adjusted based upon the square footage of the remaining area
of the Premises or Building, as the case may be. In the event of
either a complete or partial taking, Tenant shall have no claim
against Landlord or the condemning authority for any compensation for
any such taking awarded the Landlord, whether through a negotiated
settlement or through formal condemnation proceedings.
17. SUBORDINATION: This Lease is automatically, and without further
action by Tenant, subject and subordinate to the lien of any mortgage,
ground lease, and/or other encumbrances which may now or hereafter
affect such leases or the Premises, and also to all renewals,
modifications consolidations and replacements of said underlying
mortgages and leases or other encumbrances and Tenant further agrees
at the election of any such mortgagee to attorn to any holder of any
mortgage to which this Lease is subordinate. Notwithstanding the
foregoing, Tenant shall execute and deliver upon demand such further
instrument or instruments confirming such subordination of this Lease
to the lien of any such mortgage and/or other encumbrance as shall be
desired by any mortgagee or proposed mortgagee, or by any other person
to whose interest this Lease is required to be subordinated.
Notwithstanding the foregoing, any holder of any mortgage may at
anytime subordinate its mortgage to this Lease without Tenant's
consent by notice in writing to Tenant and without regard to their
respective dates of execution and delivery.
18. ESTOPPEL CERTIFICATES. Tenant, upon request of Landlord, Landlord's
mortgagee or any prospective purchaser shall, without charge, execute
and deliver to the Landlord, in recordable form, a certificate stating
that this Lease is unmodified and in full force and effect or, if
modified, setting forth the modifications.
19. SURRENDER OF PREMISES: Tenant shall surrender the Premises to
Landlord at the termination of this Lease in the same condition as the
Premises are in at the beginning of the Lease Term, reasonable wear
and tear excepted.
20. NOTICES: Any notice by either party to the other shall be in writing
and shall be mailed by registered or certified mail in a postpaid
envelope or sent by a generally recognized "overnight courier", such
as Federal Express, to the following addresses:
A. To Landlord: Council on American Islamic Relations C/O Sealander
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Brokerage Ltd., ▇▇▇ ▇ ▇▇▇▇▇▇ ▇.▇., ▇▇▇▇▇▇▇▇▇▇, ▇.▇. ▇▇▇▇▇
B. To Tenant: Aristotle Publishing Inc., ▇▇ ▇. ▇▇▇▇▇▇ ▇.▇.,
▇▇▇▇▇▇▇▇▇▇, ▇▇. ▇▇▇▇▇.
C. Every notice shall be deemed to have been given (i) if by
certified mail, at the time it shall be deposited in the mail or
(ii) if by overnight courier, upon delivery to the party to whom
addressed.
21. HOLDING OVER: If Tenant remains in possession of the Premises after
the expiration of the term hereof, without the written consent of
Landlord, such occupancy shall be construed to be a tenancy from month
to month under the same terms and conditions existing on the day prior
to the termination date.
22. PARKING: Landlord and Tenant have entered into a separate agreement
for parking in the Building pa [sic] rights to Tenant in the Building.
23. CAPTIONS: The captions and headings used herein are for convenience
and reference only and shall not constitute a part of this Lease, nor
shall they affect the meaning, construction or effect of this Lease.
24. FORCE MAJEURE: Neither party shall be liable or responsible for any
delays due to strikes, riots, fire, acts of God, shortages of labor or
materials,
failure of power, insurrection, governmental laws, regulations,
restrictions or any other cause whatsoever beyond its control.
25. RECORDING: The parties agree that this Lease may be recorded. In the
alternative, each party shall, at the request of the other party and
without charge, execute and acknowledge a short form lease or
memorandum of lease. The parties agree that the recording of this
Lease, short form Lease, or a memorandum of lease shall be at the
expense of the recording party.
26. GOVERNING LAWS: This lease shall be governed exclusively by the
provisions hereof and by the laws of the District of Columbia.
27. NO IMPLIED WAIVERS: The failure of Landlord or Tenant to insist at
any time upon the strict performance of any term, covenant or
condition or to exercise any option, right or remedy contained in this
Lease shall not be deemed a waiver or a relinquishment of such option,
right, power or remedy.
28. NO PARTNERSHIP: Nothing contained in this lease shall be deemed or
construed by parties hereto or by any third parties to create the
relationship of principal and agent or of partnership of joint venture
or of any other association between the parties hereto, except the
relationship of Landlord and Tenant.
29. ATTORNEY'S FEE: If one party is required to commence litigation in
order to enforce the covenants and agreements in this Lease the party
prevailing in such litigation shall have the right to reimbursement
from the other party of all reasonable costs, expenses and attorney's
fees.
30. PARTIAL INVALIDITY: Any term or condition of this Lease which is
found to be invalid, void or illegal by court decision or other
governmental authority shall not impair or invalidate any other term
or condition hereof and such other terms and conditions shall remain
in full force and effect.
31. SIGNATORY AUTHORITY: If either party is a business organization
(i.e., a corporation, partnership, LLC, etc.), each individual
executing this Lease on behalf of such organization represents and
warrants that he/she is duly authorized to execute and deliver this
Lease on behalf of said organization in accordance with a duly adopted
resolution of the governing body of such organization in accordance
with the rules, by-laws or agreement governing its operations, and
that this Lease is binding upon said organization in accordance with
its terms. Each party that is a corporation, at the request of the
other party, shall deliver, within thirty (30) days of such request, a
certified copy of a resolution of its Board of Directors authorizing
such execution.
32. SUBMISSION OF LEASE: The submission of a copy of this Lease for
examination does not constitute a reservation, option or offer. This
Lease shall be effective only upon its complete execution and delivery
by both Landlord and Tenant.
33. PRIOR AGREEMENT: This Lease incorporates any and all previous
negotiations, arrangements, agreements and undertakings pertaining to
the Premises, if any, between the parties hereto, all of which shall
be deemed superseded by, and incorporated in, this Lease Agreement.
The Exhibits and/or Documents listed below shall be deemed part of
this Lease Agreement;
Exhibit A: Floor Plan of Premises
Exhibit B: Parking Agreement
34. SECURITY DEPOSIT: Tenant shall provide Landlord a security deposit of
five thousand seven hundred forty seven 50/100 dollars ($5,747.50) to
assure Tenant's full and faithful compliance with the terms of this
lease. The deposit is to be held as collateral security and applied
on any rent or unpaid ▇▇▇▇ that may remain due and owing at the
expiration of this lease, any extension thereof or holdover period, or
applied to any damages of the premises caused by the Tenant, its
employees or customers or other damages and expenses suffered by the
Landlord as a result of a breach of any covenant or provision of this
lease. Tenant may not utilize the security deposit as rent and it
shall not apply the same as the last month's rent. In the event that
any part of the security deposit shall be utilized by the Landlord in
accordance with the terms hereof or applicable law, the Tenant shall,
upon delivery of notice of said utilization, immediately deposit with
the Landlord the amount so applied by the Landlord so that the
Landlord shall have the full deposit on hand at all times during the
term of this lease and any renewal thereof or holding over. The
Landlord shall provide the Tenant within thirty (30) days after the
end of the tenancy by first class mail directed to the last known
address of the Tenant, a written list of any damages to the premises
together with a statement of costs actually incurred. Within forty
five (45) days after the end of the tenancy, the Landlord shall return
the deposit to the Tenant less any expenses for damages properly
withheld. In the event of a sale of the property upon which the
premises is situated or the transfer or assignment by the Landlord of
this lease, the Landlord shall have the right to transfer the security
deposit to the transferee and the Landlord shall be considered
released from all liability for the return of the security deposit and
the Tenant shall look solely to the new Landlord for the return of the
security deposit.
IN WITNESS OF, the parties have caused this Lease to be executed and sealed on
the date first above written.
d: COUNCIL ON AMERICAN-ISLAMIC RELATIONS
_____________________ By:________________________________________________
Attest: Tenant: ARISTOTLE PUBLISHING INC.
/s/ illegible By: /s/ ▇▇▇ ▇▇▇▇▇▇
______________ _______________________________________________
LICENSE AGREEMENT FOR PARKING
EXHIBIT "B"
This Agreement is made and entered into on this 15TH day of January, 2000
between Council on American-Islamic Relations, (hereafter referred to as "CAIR")
and Aristotle Publishing Inc., (hereafter referred to as "Licensee").
Recitals
A. Licensee is a Tenant of CAIR in a three story building (the
"Building") owned by CAIR at ▇▇ ▇. ▇▇▇▇▇▇ S.E., in the City of
Washington, District of Columbia, under a Lease Agreement dated
January 15th, 2000. The Building includes a basement having an area
of approximately 3,000 square feet, which CAIR has made available for
the parking of 12 automobiles (the "Parking Area").
B. The January 15th, 2000 Lease conveys no parking privileges.
C. CAIR desires to grant to Licensee a Parking Permit for one or more
parking spaces for the consideration hereinafter set forth and upon
the terms and conditions set forth in this License Agreement.
Agreement
1. CAIR hereby grants permission to Licensee to use two (2) assigned
parking spaces in the Faring Area. The location of the assigned spaces
shall be designated by CAIR.
2. As consideration for the two assigned parking spaces covered by this
License Agreement, Licensee shall pay CAIR a monthly fee of $250.00
($125.00 per parking space), subject to change as set forth in
paragraph 5, below.
3. This License Agreement shall cover a period of twelve ( 12) months,
commencing January 15th, 2000 and ending, without further notice, on
January 15th, 2001.
4. In order to obtain access to the Parking Area, CAIR shall supply
Licensee with one Genie electric door opener relay console ("Genie")
for each parking space covered by this License Agreement. For each
Genie supplied, Licensee shall deposit with CAIR the sum of $25.00.
In the event the Licensee misplaces or loses a Genie, or a Genie is
rendered unusable, Licensee shall pay CAIR the full replacement cost
of the Genie. Should CAIR revoke the License granted herein, Licensee
shall deliver the Genies to CAIR and CAIR will refund the amount
deposited.
5. Licensee shall be responsible for ensuring that it uses only the
spaces assigned to Licensee. CAIR reserves the right to enforce the
parking of vehicles in only those spaces designated hereunder, as well
as to change the designated spaces, provided Licensee is at all time
granted the right to use the number of spaces contemplated hereunder.
6. By executing this Licensee Agreement, the licensee releases CAIR from
any claims or liability for loss, damage to Licensee's vehicles, their
contents and/or accessories, resulting from theft, fire, collision,
vandalism or any other cause.
7. This Agreement supersedes and replaces any prior Agreements for
Parkhog Permit between CAIR and Licensee.
Licensee:
ARISTOTLE PUBLISHING, INC.
By: /s/ ▇▇▇ ▇▇▇▇▇▇
__________________________________
▇▇▇ ▇▇▇▇▇▇ - Chief Financial Officer
COUNCIL ON AMERICAN-ISLAMIC RELATIONS (CAIR)
By: _______________________________________________