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EXHIBIT 10.34
 
[leeassociates.jpg]
 
December 14, 2009

Mr. Frank Romagnano II
Director of Leasing
Dolphin Partners
18818 Teller Ave., Suite 200
Irvine, CA 92612
  

Re:
Highpark
25910 Acero, Suite 370
Mission Viejo, California

Frank:

As exclusive representative for CelLynx Group, Inc. (“Lessee”), Lee & Associates
- Irvine, Inc. has been authorized to submit this counter proposal to lease
space in the above referenced building.  This counter proposal outlines the
terms and conditions under which CelLynx Group, Inc. will enter into a lease
agreement.

Location:
Agreed. 25910 Acero, Suite 370, Mission Viejo, California.

Premises:
Agreed. Lessee will require approximately 2,120 rentable square feet located on
the third (3rd) floor.  The exact square footage shall be measured based on
Building Owners and Managers Association International Standard (ANSI Z65.1-196)
prior to occupancy.

Lease Term:
Agreed. The initial term of the lease shall be for twenty-five (25) months.

Lease Commencement:
Agreed. Lease commencement shall be on April 1, 2010.

  
Lease Rate:
The base monthly lease rate during the lease term shall be as follows:

 
Months
Monthly Lease Rate

 
 
00 – 01:
$0.00
Full Service Gross, Per Square Foot

 
02 – 13:
$1.75
Full Service Gross, Per Square Foot

 
14 – 25:
$1.80
Full Service Gross, Per Square Foot

 
 

 
 

Operating Expenses:
Lessee shall pay its pro-rata share of increases in operating expenses to the
extent such operating expenses exceed the actual operating expenses for Base
Year 2010.  Notwithstanding the foregoing, Lessee shall not be subject to
pass-throughs during the initial twelve (12) months of its occupancy.

Tenant Improvements:
Agreed. Lessee shall accept premises “as-is”.

  
Parking:
Agreed. Per current lease agreement.

 

 
 
Lee & Associates – Irvine Inc.    A Member of the Lee & Associates Group of
Companies
111 Pacifica, Suite 310  Irvine, California  92618
/  Office:  949.727.1200   /  Fax:  949.727.1299

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December 14, 2009
Mr. Frank Romagnano II
Page 2
 
 
Signage:
Agreed. Per current lease agreement.

Subleasing &
 

Assignment Rights:
Agreed. Per current lease agreement.

Heating, Ventilation
 

& Air-Conditioning
 

(“HVAC”):
Agreed. Per current lease agreement.

Use of Premises:
Agreed. Per current lease agreement.

Broker:
Agreed. Lee & Associates – Irvine, Inc as Lessee’s exclusive representative,
shall earn a standard commission equal to four percent (4%) in addition to any
additional brokerage incentive program.  All commissions owed shall be paid 100%
upon lease execution.  Broker shall look solely to Lessor for payment of said
commission.

Approval and
 

Contingencies:
All parties understand that this Proposal is not binding between the parties
until a lease document is fully executed.  Any further negotiations or proposals
will be made contingent upon Lessee’s approval.

 
 

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December 14, 2009
Mr. Frank Romagnano II
Page 3

 
Lessor and Lessee acknowledge that this proposal is not a lease, and that it is
intended as the basis for the preparation of a lease by Lessor.  The lease shall
be subject to Lessor's and Lessee's approval, and only a fully executed and
delivered lease shall constitute a legally binding lease for said
property.  Broker makes no warranty or representation to Lessor or Lessee that
acceptance of this proposal will guarantee the execution of a lease for the
property.  Broker is not authorized to give legal advice.  If Lessee and Lessor
desire legal advice, Broker hereby advises Lessor and Lessee to consult with
their respective attorneys prior to executing any document(s).
 
Please respond by 5:00 p.m. on Monday, December 21, 2009.  Thank you for your
cooperation.  Please call if you have any questions.

Regards,
 
 
/s/ Dave Smith                                                        
Dave Smith
/s/ Jason G. Di Rocco                                           
Jason G. Di Rocco
Senior Vice President – Partner
Associate
   
AGREED AND ACCEPTED:

LESSEE:
LESSOR:     CelLynx Group Inc. Dolphin Partners    
By: ________________________________
By: ________________________________
   
Title: _______________________________
Title: _______________________________
    Date: _______________________________ Date: _______________________________

 
 
 
 
 

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