ex10_24.htm


    
      

    

    Exhibit
10.24

     

    Lease of
Business Premises

     

    This
Lease, dated
the              day
of February, 2009

     

    
      
        
          
            	
                    Between

                  	 	
                    WALTER
      ZIMMERER & SON (732) 842-9595

                    P.O.
      Box O

                    157
      Broad Street, Suite #203

                    Red
      Bank, NJ 07701

                  
	 
      	 	 
      
	
                    Parties

                  	 	
                    herein
      referred to as the Landlord, and

                  
	 
      	 	 
      
	 
      	 	
                    BigString
      Corporation

                    3
      Harding Road, Suite E

                    Red
      Bank, NJ 07701

                  
	 
      	 	 
      
	 
      	 	
                    hereinafter
      referred to as Tenant,

                  
	 
      	 	 
      
	 
      	 	
                    WITNESSETH:  That
      the Landlord hereby demises and leases unto the Tenant, and the Tenant
      hereby hires and takes from the Landlord for the term and upon the rentals
      hereinafter specified, the premises described as follows, situated .in
      the Boro of Red Bank County of Monmouth and State of New
      Jersey

                  
	 
      	 	 
      
	
                    Premises

                  	 	
                    Being
      known as Suite 109, 1,426 square feet of office space on the first floor
      of the northwest side, together with the use in common with other tenants
      of lavatories, corridors and elevators, in the building known as 157 Broad
      Street, Red Bank, New Jersey.

                  
	 
      	 	 
      
	
                    Term

                  	 	
                    The
      term of this demise shall be for One Year, One
      Month*

                     

                    *Landlord
      shall have the premises at affable for occupancy on March 1, 2009 and
      there shall be no rent due until April 1, 2009.

                     

                     

                    Beginning
      March 1, 2009 and
      ending March 31,
      2010

                     

                    The
      rent for the demised terms shall be Twenty Seven Thousand Six Hundred and
      00/100 ($27,600.00)

                     

                    The
      said rent is to be payable monthly in advance on the first day of each
      calendar month for the term hereof, in installments as
      follows:

                  
	 
      	 	 
      
	
                    Payment
      of Rent

                  	 	
                    4/1/09-3/31/10=
      $2,300.00

                     

                    at
      the office of Walter Zimmerer & Son, P.O. Box O, Red Bank, NJ 07701
      or
      as may be otherwise directed by Landlord in writing.

                  
	 
      	 	 
      
	 
      	 	
                    THE
      ABOVE LETTING IS UPON THE FOLLOWING CONDITIONS:

                  
	
                    Peaceful
      Possession

                  	 	
                    First.
      – The Landlord covenants that the Tenant on paying the said rental
      and performing the covenants and conditions in this Lease contained, shall
      and may peaceably and quietly have, hold and enjoy the demised premises
      for the term aforesaid.

                  
	 
      	 	 
      
	
                    Purpose

                  	 	
                    Second.
      –  The Tenant covenants and agrees to use the demised premises
      as a

                     

                    General
      Office

                     

                    And
      agrees not to use or permit the premises to be used for any other purpose
      without the prior written consent of the landlord endorsed
      hereon.

                  
	 
      	 	 
      
	
                    Default
      in Pay-

                    ment
      of Rent

                  	 	
                    Third. – The Tenant shall,
      without any previous demand therefore, pay to the Landlord, or its agent,
      the said rent at the times and in the manner above provided.  In
      the event of the
non-

                  


          

        

      

    

     

    
      
        
        

      

      
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                  Abandonment
      Of Premises

                   

                  Re-entry
      and Reletting by Landlord

                   

                  Tenant
      Liable for Deficiency

                   

                  Lien
      of Landlord to Secure Performance Attorney’s Fees

                	 	
                  payment
      of said rent, or any installment thereof, at the times and in the manner
      above provided, and if the same shall remain in default for ten days after
      becoming due, or if the Tenant shall be dispossessed for non-payment of
      rent, or if the leased premises shall be deserted or vacated, the Landlord
      or its agents shall have the right to and may enter the said premises as
      the agent of the Tenant, either by force or otherwise, without being
      liable for any prosecution or damages therefore, and may relet the
      premises as the agent of the Tenant, and receive the rent therefore, upon
      such terms as shall be satisfactory to the Landlord, and all rights of the
      Tenant to repossess the premises under this lease shall be
      forfeited.  Such re-entry by the Landlord shall not operate to
      release the Tenant from any rent to be paid or covenants to be performed
      hereunder during the full term of this lease.  For the purpose
      of reletting, the landlord shall be authorized to make such repairs or
      alterations in or to the leased premises as may be necessary to place the
      same in good order and condition.  The Tenant shall be liable to
      the Landlord for the cost of such repairs or alterations, and all expenses
      of such reletting.  If the sum realized or to be realized from
      the reletting is insufficient to satisfy the monthly or term rent provided
      in this lease, the Landlord, at its option, may require the Tenant to pay
      such deficiency month by month, or may hold the Tenant in advance for the
      entire deficiency to be realized during the term of the
      reletting.  The tenant shall not be entitled to any surplus
      accruing as a result of the reletting.  The Landlord is hereby
      granted a lien, in addition to any statutory lien or right to distrain
      that may exist on all personal property of the Tenant in or upon the
      demised premises, to secure payment of the rent and performance of the
      covenants and conditions of this lease.  The Landlord shall have
      the right as agent of the Tenant, to take possession of any furniture,
      fixtures or other personal property of the Tenant found in or about the
      premises, and sell the same at public or private sale and to apply the
      proceeds thereof to the payment of any monies becoming due under this
      lease, the Tenant hereby waiving the benefit of all laws exempting
      property from execution, levy and sale on distress or
      judgment.  The Tenant agrees to pay, as additional rent, all
      attorney’s fees and other expenses incurred by the Landlord in enforcing
      any of the obligations under this lease.

                
	 
      	 	 
      
	
                  Sub-letting
      and Assignment

                	 	
                  Fourth.
      – The Tenant shall not sub-let the demised premises nor any portion
      thereof, nor shall this lease be assigned by the Tenant without the prior
      written consent of the Landlord endorsed hereon.  If tenant
      needs to sublet, landlord must first be consulted and any sub-let will be
      considered only at current market rates.  Administrative costs
      and brokerage commission will he charged for re-letting by
      Landlord.

                
	 
      	 	 
      
	
                  Conditions
      of Premises,

                   

                   

                  Alterations
      and Improvements

                   

                   

                  Termination
      Inflammable Materials

                	 	
                  Fifth.
      – The Tenant has examined the demised premises, and accepts them in their
      present condition (except as otherwise expressly provided herein) and
      without any representations on the part of the Landlord or its agent as to
      the present or future condition of the said premises.  The
      Tenant shall keep the demised premises in good condition, and shall
      redecorate, paint and renovate the said premises as may be necessary to
      keep them in repair and good appearance.  The Tenant shall quit
      and surrender the premises at the end of the demised term in as good
      condition as the reasonable use thereof will permit.  The Tenant
      shall not make any alterations, additions, or improvements to said
      premises without the prior written consent of the Landlord.  All
      erections, alterations, additions and improvements, whether temporary or
      permanent in character, which may be made upon the premises either by the
      Landlord or the Tenant, except furniture or movable trade fixtures
      installed at the expense of the Tenant, shall be the property of the
      Landlord and shall remain upon and be surrendered with the premises as a
      part thereof at the termination of this Lease, without compensation to the
      Tenant.  The Tenant further agrees to keep said premises and all
      parts thereof in a clean and sanitary condition and free from trash,
      inflammable material and other objectionable matter.

                
	 
      	 	 
      
	
                  Mechanics’
      Liens

                	 	
                  Sixth.
      – In the event that any mechanics’ lien is filed against the premises as a
      result of alterations, additions or improvements made by the Tenant, the
      Landlord, at its option, after thirty days notice to Tenant, may terminate
      this least and may pay the said lien, without inquiring into the validity
      thereof, and the Tenant shall forthwith reimburse the Landlord the total
      expense incurred by the Landlord in discharging the said lien, as
      additional rent hereunder.

                
	 
      	 	 
      
	
                  Insurance

                	 	
                  Seventh.
      – Tenant  shall obtain, pay for, and keep in effect, for the
      benefit of the Landlord and the Tenant, Public Liability Insurance on the
      Rental space.  The insurance company must be acceptable to the
      Landlord, provided Landlord shall act reasonable in judging such company’s
      acceptability.  The coverage must be at least the minimum amount
      of $1,000,000.00 under this Lease.   Landlord shall be
      named as an additional insured on such policy.  All such
      policies shall state that the insurance company cannot cancel or refuse to
      renew without at least ten (10)
days

                


        

      

    

     

    
      
        
        

      

      
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                    written
      notice to the Landlord.  Tenant shall deliver a certificate of
      insurance to the Landlord, with proof of full payment of the first year’s
      premium prior to Landlord granting access to the premises to the
      Tenant.  Tenant shall deliver a renewal certificate of insurance
      to Landlord not less than 15 days before the expiration date of each
      policy.  Landlord and Tenant shall each obtain their own
      insurance for fire and other casualty as to that property in which that
      party has an insurable interest.

                  
	 
      	 	 
      
	
                    Glass

                  	 	
                    The
      Tenant agrees to replace at the Tenant’s expense any and all glass that
      may become broken in and on the demised premises.  Plate glass
      and mirrors, if any, shall be insured by the Tenant at their full
      insurable value in a company satisfactory to the
  Landlord.

                  
	 
      	 	 
      
	
                    Liability
      of Landlord

                  	 	
                    Eighth.
      – The Landlord shall not be responsible for the loss of or damage to
      property, or injury to persons, occurring in or about the demised
      premises, by reason of an existing or future condition, detect, matter or
      thing in said demised premises or the property of which the premises are a
      part, or for the acts, omissions or negligence of other persons or tenants
      in and about the said property.  The Tenant agrees to indemnify
      and save the Landlord harmless from all claims and liability for losses of
      or damage to property, or injuries to persons occurring in or about the
      demised premises.  The tenant at his own expense
      shall supply a business liability insurance certificate stating landlord
      as an additional insured to the landlord, with minimum liability coverage
      in the amount of $1,000.000.00.  All policies shall state
      that the insurance company cannot cancel or refuse to renew without at
      least 10 days written notice to the Landlord.

                  
	 
      	 	 
      
	
                    Services
      and Utilities

                  	 	
                    
                      Ninth.
      – Utilities and services furnished to the demised premises for the benefit
      of the Tenant shall be provided and paid for as follows:  water
      by the Landlord;
      electricity by the Tenant; heat by the
      Tenant; air
      conditioning by the Tenant, hot water by the
      Landlord;

                       

                      Tenants
      shall be responsible directly to the Landlord for their 38% share of the
      electrical usage from the Jersey Central Power & Light Co. (JCP&L)
      for Meter No. G28742896. Landlord shall
      keep the bill in their name and invoice Tenant on a monthly basis for
      their share.

                       

                      The
      Landlord shall not be liable for any interruption or delay in any of the
      above services for any reason.

                      It
      is understood that the trash is picked up each evening from a container
      provided by Landlord in designated area of parking lot.  Tenant
      shall deposit their office trash in said
      container.  *See paragraph #29.

                    

                  
	 
      	 	 
      
	
                    Right
      to 

                    Inspect
      and

                    Exhibit

                  	 	
                    Tenth.
      – The Landlord, or its agents, shall have the right to enter the demised
      premises at reasonable hours in the day or night, to examine the same, or
      to run telephone or other wires, or to make such repairs, additions or
      alterations as it shall deem necessary for the safety, preservation or
      restoration of the improvements, or for the safety or convenience of the
      occupants or users thereof (there being no obligation, however, on the
      part of the Landlord to make any such repairs, additions or alterations),
      or to exhibit the same to prospective purchasers and put upon the premises
      a suitable “For Sale” sign.  For three months prior to the
      expiration of the demised term, the Landlord, or its agents, may similarly
      exhibit the premises to prospective tenants, and may place the usual “To
      Let” signs thereon.

                  
	 
      	 	 
      
	
                    Damage
      by Fire,

                    Explosion
      the Elements or Otherwise

                  	 	
                    Eleventh.
      – In the event of the destruction demised premises or the building
      containing the said premises by fire, explosion, the elements or otherwise
      during the term hereby created, or previous thereto, or such partial
      destruction thereof as to render the premises wholly untenantable or unfit
      for occupancy, or shall the demised premises be so badly injured that the
      same cannot be repaired within ninety days from the happening of such
      injury, then and in such case the terms hereby created shall, at the
      option of the Landlord, cease and become null and void from the date of
      such damaged or destruction, and the Tenant shall immediately surrender
      said premises and all the Tenant’s interest therein to the Landlord, and
      shall pay rent only to the time of such surrender, in which event the
      Landlord may reenter and re-possess the premises thus discharge from this
      lease and may remove all parties therefrom.  Should the demised
      premises be rendered untenantable and unfit for occupancy, but yet be
      repairable within ninety days front the happening of said injury or while
      repairs are being made, but shall recommence immediately after said
      repairs shall be completed.  But if the premises shall be so
      slightly injured as not to be rendered untenantable and unfit for
      occupancy, then the Landlord agrees to repair the same
  with

                  


          

        

      

    

     

    
      
        
        

      

      
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                  reasonable
      promptness and in that case the rent accrued and accruing shall not cease
      or determine.  The Tenant shall immediately notify the Landlord
      in case of fire or other damage to the premises.

                
	 
      	 	 
      
	
                  Observation

                  Of
      Laws,

                  Ordinances,
      Rules and Regulations

                	 	
                  Twelfth.
      – The Tenant agrees to observe and comply with all laws, ordinances, rules
      and regulations of the Federal, State, County and Municipal authorities
      applicable to the business to to be conducted by the Tenant in the demised
      premises.  The Tenant agrees not to do or permit anything to be
      done in said premises. or keep anything therein, which will increase the
      rate of fire insurance premiums on the improvements or any part thereof,
      or on property kept therein, or which will obstruct or interfere with the
      rights of other tenants, or conflict with the regulations of the Fire
      Department or with any insurance polices upon said improvements or any
      part thereof.  In the event of any increase in insurance
      premiums resulting from the Tenant’s occupancy of’ the premises, or from
      any act or omission on the part of the Tenant, the Tenant agrees to pay
      said increase in insurance premiums on the improvements or contents
      thereof as additional rent.

                
	 
      	 	 
      
	
                  Signs

                	 	
                  Thirteenth.
      – No sign, advertisement or notice shall be affixed to or placed upon any
      part of the demised premises by the Tenant, except in such manner, and of
      such size, design and color as shall be approved in advance in writing by
      the Landlord.

                
	 
      	 	 
      
	
                  Subordination
      of Mortgages and Deeds of Trust

                	 	
                  Fourteenth.
      – This lease is subject and is hereby subordinated to all present and
      future mortgages, deeds of trust and other encumbrances affecting the
      demised premises or the property of which the premises are a
      part.  The Tenant agrees to execute, at no expense to the
      Landlord, any any instrument which may be deemed necessary or desirable by
      the Landlord to further effect the subordination of this lease to any such
      mortgage, deed of trust or encumbrance.

                
	 
      	 	 
      
	
                  Sale
      of Premises

                	 	
                  Fifteenth.
      – In event of the sale by the Landlord of the demised premises, or the
      property of which said, premises are a part, the landlord or the purchaser
      may terminate this lease on the thirtieth day of April in any year upon
      giving the Tenant notice of such termination prior to the first day of
      January in the same year.

                
	 
      	 	 
      
	
                  Rules
      and Regulations of Landlord

                	 	
                  Sixteenth.
      – The rules and regulations regarding the demised premises, affixed to
      this lease, if any, as well as any other and further reasonable rules and
      regulations which shall be made by the Landlord, shall be observed by the
      Tenant and by the Tenant’s employees, agents and customers.  The
      Landlord.
      reserves the right to rescind any presently existing rules applicable to
      the demised premises, and to make such other and further reasonable rules
      and regulations as, in its judgment, may from time to time be desirable
      for the safety, care and cleanliness of the premises, and for the
      preservation of good order therein, which rules, when so made and notice
      thereof given to the Tenant, shall have the same force and effect as if
      originally made a part of this lease.  Such other and further
      rules shall not, however, be inconsistent with the proper and rightful
      enjoyment by the Tenant of the demised premises.

                
	 
      	 	 
      
	
                  Violation
      of 

                  Covenants,

                  Forfeiture
      of Lease, Re-

                  entry
      of

                  Landlord

                   

                  Non-waiver
      or Breach

                	 	
                  Seventeenth.
      – In case of violation by the Tenant of any of the covenants, agreements
      and conditions of this lease, or of the rules and regulations now or
      hereafter to be reasonably established by the Landlord, and upon failure
      to discontinue such violation within ten days after notice thereof given
      to the Tenant, this lease shall thenceforth, at the option of the
      Landlord, become null and void, and the Landlord may re-enter without
      further notice of demand.  The Landlord rent in such case shall
      become due, be apportioned and paid on and up to the day of such re-entry,
      and the Tenant shall be liable for all loss or damage resulting from such
      violation as aforesaid.  No waiver by the Landlord of any
      violation or breach of condition by the Tenant shall constitute or be
      construed as a waiver of any other violation or breach of condition, nor
      shall lapse of time after breach of condition by the Tenant before the
      Landlord shall exercise its option under this paragraph operate to defeat
      the right of the landlord to declare this least null and void and to
      re-enter upon the demised premises after the said breach or
      violation.

                
	 
      	 	 
      
	
                  Notices

                	 	
                  Eighteenth.
      – All notices and demands, legal or otherwise, incidental to this lease,
      or the occupation of the demised premises shall be in
      writing.  If the Landlord or its agent desires to give or serve
      upon the Tenant any notice or demand, it shall be sufficient to send a
      copy thereof by registered mail, addressed to the Tenant at the demised
      premises, or to lease a copy thereof with a person of suitable age found
      on the premises, or to pose a copy thereof upon the door to said
      premises.  Notices from the Tenant to the Landlord shall be sent
      by registered mail or delivered to the Landlord at the place hereinbefore
      designated for the payment of rent, or to
such

                


        

      

    

     

    
      
        
        

      

      
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                  party
      or place as the Landlord may from time to time designate in
      writing.

                
	 
      	 	 
      
	
                  Bankruptcy,

                  Insolvency,
      Assignment for

                  Benefit
      of 

                  Creditors

                	 	
                  Nineteenth.
      – In is further agreed that if at any time during the term of this lease
      the Tenant shall make any assignment for the benefit of creditors, or be
      decreed insolvent or bankrupt according to law, or if a receiver shall be
      appointed for the Tenant, then the Landlord may, at its option, terminate
      this lease, exercise of such option to be evidenced by notice to that
      effect served upon the assignee, receiver, trustee or other person in
      charge of the liquidation of the property of the Tenant or the Tenant’s
      estate, but such termination shall not release or discharge any payment of
      rent payable hereunder and then accrued, or any liability then accrued by
      reason of any agreement or covenant herein contained on the part of the
      Tenant, or the Tenant’s legal representatives.

                
	 
      	 	 
      
	
                  Holding
      over by Tenant

                	 	
                  Twentieth.
      – In the event that the Tenant shall remain in the demised premises after
      the expiration of the term of this tease without having executed a new
      written lease with the Landlord, such holding over shall not constitute a
      renewal or extension of this lease.  The Landlord may, at its
      option, elect to treat the Tenant as one who has not removed at the end of
      his term, and thereupon be entitled to all the remedies against the Tenant
      provided by law in that situation, or the Landlord may elect, at its
      option, to construe such holding over as a tenancy from month to month,
      subject to all the terms and conditions of this lease, except as to
      duration thereof, and in that event the Tenant shall pay monthly rent in
      advance at the rate of $4,000.00 per month.

                
	 
      	 	 
      
	
                  Eminent
      Domain, Condemnation

                	 	
                  Twenty-first.
      – If the property or any part thereof wherein the demised premises are
      located shall be taken by public or quasi-public authority under any power
      of eminent domain or condemnation, this lease, at the option of the
      Landlord shall forthwith terminate and the Tenant shall have no claim or
      interest in or to any award of damages for such taking.

                
	 
      	 	 
      
	
                  Security

                	 	
                  Twenty-second.
      – The Tenant has this day deposited with the Landlord the sum of
      $4,600.00* as security for the full and faithful performance by the Tenant
      of all the terms, covenants and conditions of this lease upon the Tenant’s
      part to be performed, which said sum shall be returned to the Tenant after
      the time fixed as the expiration of the term herein, provided the Tenant
      has fully and faithfully carried out all the said terms, covenants and
      conditions on Tenant’s part to be performed.  In the event of a
      bona fide sale, subject to this lease, the landlord shall have the right
      to transfer the security to the vendor for the benefit of the Tenant and
      the Landlord shall be considered released by the Tenant from all liability
      for the return of such security, and the Tenant agrees to look to the new
      Landlord solely for the return of the said security, and it is agreed that
      this shall apply to every transfer or assignment made of the security to a
      new Landlord.  The security deposited under this lease shall not
      be mortgaged, assigned or encumbered by the Tenant without the written
      consent of the Landlord.  No portion of the security
      deposit, deposited here under $4,600.00* may be applied by tenant against
      any rental obligation due here under. *5,670.00 is on hand under a prior
      lease.  $1,070.00 shall be returned to Tenant upon the execution
      of this lease.

                
	 
      	 	 
      
	
                  Arbitration

                	 	
                  Twenty-third.
      – Any dispute arising under this lease shall be settled by arbitration
      Then Landlord and Tenant shall each choose an arbitrator, and the two
      arbitrators thus chosen shall select a third arbitrator.  The
      findings and award of the three arbitrators thus chosen shall be final and
      binding on the parties hereto.

                
	 
      	 	 
      
	
                  Delivery
      of Lease

                	 	
                  Twenty-fourth.
      – No rights are to be conferred upon the Tenant until this lease has been
      signed by the Landlord, and an executed copy of the lease has been
      delivered to the Tenant.

                
	 
      	 	 
      
	
                  Lease
      Provisions Not Exclusive

                	 	
                  Twenty-fifth.
      – The foregoing rights and remedies are not intended to be exclusive but a
      additional to all rights, and remedies the Landlord would otherwise have
      by law.

                
	 
      	 	 
      
	
                  Leasing
      Binding On Heirs, Successors, Etc.

                	 	
                  Twenty-sixth.
      – All of the terms, covenants and conditions of this lease shall inure to
      the benefit of and be binding upon the respective heirs, executors,
      administrators, successors and assigns of the parties
      hereto.  However, in the event of the death of the Tenant, if an
      individual, the Landlord may, at its option. terminate this lease by
      notifying the executor or administrator of the Tenant at the demised
      premises.

                
	 
      	 	 
      
	
                  Tenant

                	 	
                  Twenty-seventh.
      – This lease and the obligation of Tenant to pay rent hereunder and
      perform all

                


        

      

    

     

    
      
        
        

      

      
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                  Obligation

                	 	
                  of
      the other covenants and agreements hereunder on part of tenant to be
      performed shall in nowise be affected, impaired or excused because
      Landlord is unable to supply or is delayed in supplying any service
      expressly or implied to be supplied or is unable to make, or is delayed in
      making any repairs, additions, alterations or decorations or is unable to
      supply or is delayed in supplying any equipment or fixtures if Landlord is
      prevented or delayed from so doing by reason of governmental preemption in
      connection with the National Emergency declared by the President of the
      United States or in connection with any rule, order or regulation of any
      department or subdivision thereof of any governmental agency or by reason
      of the conditions of supply and demand which have been or are affected by
      the war.

                
	 
      	 	 
      
	
                  No
      Oral 

                	 	
                  Twenty-eighth.
      – This instrument may not be changed orally.

                
	Changes	 	 
      
	
                  Trash
      & Recycle

                	 	
                  Twenty-ninth.
      – It is understood that Tenant shall comply with the trash & recycling
      program as outlined and enforced by the Boro of Red Bank and by the
      Landlord.  It is understood that trash is picked up each evening
      by Boro of Red
      Bank from a deposit container provided by landlord in designated area of
      parking lot.  Tenant shall deposit his office trash in said
      container.

                
	 
      	 	 
      
	
                  Late
      Payment

                	 	
                  Thirtieth.
      – In every case in which Tenant is required by the terms of this lease to
      pay Landlord a sum of money and payment is not made within ten (10) days
      after the same becomes due, a penalty of 5% shall be paid as additional
      rent along with the sum of money owed.  Interest on Late Payment
      - If any sum of money is not paid within 30 days, interest shall also be
      payable from the first due date at the rate of (18%) per annum calculated
      on a per diem basis until paid.  However, if the amount of
      interest payable to the forgoing exceeds the maximum rate allowed by law,
      then interest on said unpaid sums shall accrue at the maximum rate allowed
      by law.  Landlord may at its option, cause such late charge to
      be added to and become a part of the next succeeding monthly installments
      of fixed rent to be made pursuant here to.  Any payment made
      shall 1st
      be applied to late fees, interest and other charges then to current
      rents.

                
	 
      	 	 
      
	
                  Chair
      Pads

                	 	
                  Thirty-first.
      – Chair desk pads must be used on the carpet under all rolling type chairs
      to preserve flooring.

                
	 
      	 	 
      
	
                  Bulb
      Replacement

                	 	
                  Thirty-second.
      – Tenant shall be responsible for the cost of replacement of all standard
      lamps and bulbs and all ballast used by tenant in the Demised
      Premises.  The building management does provide such service and
      tenant will be billed appropriately when service is
  used.

                
	 
      	 	 
      
	
                  Smoke-Free

                  Building

                	 	
                  Thirty-third.
      – This building is a SMOKE FREE building.  All Tenants and their
      invitees are required to comply.

                
	 
      	 	 
      
	
                  Parking

                	 	
                  Thirty-fourth.
      – It is understood that 3 parking spaces shall be made available for
      Tenant in the 3 Harding Road/Hudson St. parking lot and their employees on
      an ‘as available’ basis in the lot known as 195 Broad Street, Red Bank,
      only.

                
	 
      	 	 
      
	
                  Lock
      Changes

                	 	
                  Thirty-fifth.
      – Landlord shall have a key for access to the entire subject premises at
      all times.  Landlord may enter the premises at all
      times.  If
      Tenant changes locks the new keys must be keyed to the Landlord’s
      masterkey.

                
	 
      	 	 
      
	
                  Notification
      at End of Lease Term

                	 	
                  Thirty-sixth.
      – Tenant shall notify Landlord 3 months (1/1/10) prior to expiration of
      this Lease if he intends to vacate premises at the expiration of this
      Lease.

                
	 
      	 	 
      
	
                  Fire
      Alarms

                	 	
                  Thirty-seventh.
      – Tenant is aware that the building has a hard-wired, central station
      monitored smoke and heat detection system.  Tenant, is aware
      that any call to the central station that originates from the tenant’s
      demised premises and is a result of negligence of the tenant, the tenant
      will be responsible for any fine that the Boro of Red Bank or the Fire
      Marshal’s office may impose for response to said alarm.

                
	 
      	 	 
      
	
                  Signatures

                	 	
                  The
      landlord and the tenant agree to the terms of this Lease by signing
      below.  If a party is a corporation, this Lease is signed by its
      proper corporate officers and its corporate seal is
    affixed.

                


        

      

    

    


    IN
WITNESS WHEREOF, Landlord and Tenant have executed this Lease as of the day and
year aforesaid.

     

     

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