Document:

Exhibit 10.11

 

Office Service Agreement

 

	
Agreement Date: 1/18/2011

	  	
Reference Number:

	
Business Center Information:

	  	
Client Information:

	
Salesperson: Ryan Trimberger

	  	
Client: Kick The Can Corp. (d/b/a Wizard World)

	
Center: 1350 Avenue of the Americas

	  	
Company: Kick The Can Corp. (d/b/a Wizard World)

	
Address: 1350 6th Avenue, 3rd Fl.

New York, NY 10019

	  	
Address: 1101 The Plaza

Tenafly, NJ 07670

	
Phone: (212) 257-6440

	  	
Phone: (212) 935-3470

	
e-mail: ryan@nycofficesuites.com

	
  

	
sgloss@wizardent.com

 

	
Start Date: 1/22/2011

	
Term (Number of Months): 12

 

	
Office Number

	 	
Number of Persons

	 	 	
Monthly Office Fee

	 
	
435,433

	 	 	15	 	 	$	6,500	 
	  	 	 	 	 	 	 	 	 
	  	 	 	 	 	 	 	 	 
	  	 	 	 	 	 	 	 	 
	  	 	 	 	 	 	 	 	 
	
Monthly Total

	 	 	 	 	 	$	6,500	 
	
One-Time Set-Up Fee

	 	 	 	 	 	 	2,250	 
	
Refundable Security Retainer

	 	 	 	 	 	 	13,000	 
	
Opening Charge

	 	 	 	 	 	$	21,750	 

 

Includes Office Services Packages per Number of Persons Above:

 

	
IT & Telecom Package

	  	
Business Service Package

	
Telephone Handset

	  	
Unlimited Coffee, Tea & Filtered Water

	
Dedicated NYC Phone Number

	  	
Unlimited High Speed, Color Scanning

	
Voicemail and Rollover Lines

	  	
500 Free B&W Copies per Company

	
High-Speed Internet

	  	
15 Free Color Copies per Company

	
Secure Firewall and Data Infrastructure

	
  

	
Priority Package Delivery to Office

 

By signing this Agreement you confirm that you have read and understand the attached Summary Terms & Conditions.  We both agree to comply with those terms and our obligations set forth in this Agreement.  Note that the Agreement does not come to an end automatically.

 

	
/s/ Ryan Trimberger

	  	
/s/ Stanley M. Glass

	
Name (Print)

	  	
Name (Print)

	  	  	  
	
01-20-2011

	  	
01-20-2011

	
Date

	  	
Date

	  	  	  
	  	  	  
	
Signed on Behalf of NYC Office Suites

	
  

	
Signed on Behalf of Client

 

  

1

  

Summary Terms & Conditions

Section 1: The Agreement

1.1           These Terms and Conditions apply to all business center locations operating under the legal entities of either Universal Executive Centers, Inc. or Grand Central Business Centers, both of which are referred to as “NYC Office Suites”.

1.2           Client agrees to comply also with the Complete Terms and Conditions as set forth by NYC Office Suites.  Complete Terms and Conditions are distributed to Client upon move-in and are available upon request at any time.

1.3           The Client accepts that this Office Service Agreement, otherwise known as License Agreement (the “Agreement”), creates no tenancy interest, leasehold estate or other real property interest in the Client’s favor with respect to the accommodation.  The Agreement is a contractual arrangement that creates a revocable license.  When the Agreement is terminated because the term has expired or otherwise, Client’s license to occupy the center is revoked.

1.4           This Agreement shall be legally binding and Client’s use of the business center shall commence on the Start Date.  If Client takes occupancy prior to Start Date then Client will be responsible for its pro-rata share of the monthly rent and services.  If a term (“Term”) is specified in this Agreement then such “Term” shall automatically renew following the last day of such “Term”, and following the last day of each subsequent renewal term (each such renewal term to be a “Term” for all purposes of the Agreement), in each case for an additional term equal to the initial “Term” stated in the Agreement, unless not fewer than (90) days prior to the expiration of any term then in effect (whether the initial “Term” or any renewal term), NYC Office Suites shall have received from Client, or Client shall have received from NYC Office Suites, written notice that such “Term” shall not be renewed, in which case such “Term” shall expire on its last day.  The fixed monthly charge during any renewal term shall be at the then-prevailing market rate and shall be determined by NYC Office Suites.  All Addendums, Amendments and/or concessions expire upon completion of the initial term.

1.5           All Agreements run through the last day of the month in which the Term expires.  When the Agreement ends, the Client must vacate the Business Center immediately leaving the accommodations in the same condition as when it was taken.  The Client will be assessed with a closing fee, as determined in the Complete Terms and Conditions, to cover basic wear and tear upon move-out or in the event of a transfer to another office.

1.6           The Client may not solicit, offer employment to, or employ any staff employed by NYC Office Suites current or past.  It is stipulated that the breaching party will pay the non-breaching party the equivalent of one year’s salary for any employee concerned.

1.7           All notices must be in writing to the Business Center address specified in the Agreement via registered mail.  The Client must keep an up-to-date record of his or her address at all times.

1.8           The Client may not disclose the terms of this Agreement, as they are confidential, without NYC Office Suites’ written consent or unless required to do so by law.

 

  

2

  

 

Section 2: Compliance and Use

2.1 The Client must comply with all relevant laws and regulations in the conduct of its business.  The Client must do nothing illegal in, or with in use of, the Business Center.

2.2 The Client must not do anything that may interfere with the use of the Business Center by NYC Office Suites, or by others, or cause loss or damage to NYC Office Suites.

2.3 The Client may use the Business Center states in this Agreement as its business address.  Any other uses are prohibited without NYC Office Suites’ prior written consent.

2.4 The Client may only carry on business at the Business Center in the name stated in this Agreement.

2.5 The Client may not carry on business that competes with NYC Office Suites.

Section 3: Liability

3.1 Client acknowledges that due to the imperfect nature of verbal, written, and electronic communications, neither NYC Office Suites nor its landlord nor any of its respective officers, directors, employees, shareholders, partners, agents or representatives shall be responsible for damages, direct or consequential, that may result from the failure of NYC Office Suites to furnish any service, including but not limited to the service of conveying messages, communications and other utility or services.  NYC Office Suites shall use its best efforts to prevent the failure to provide or interruption of any such services.

3.2 NYC Office Suites will not be liable for any loss sustained as a result of NYC Office Suites’ failure to provide a service as a result of a technical failure, mechanical breakdown, termination of NYC Office Suites interest in the building of the Business Center and/or strike.

3.3 The Client agrees to waive, and agrees not to make any claims for damages, direct or consequential, including but not limited to, lost business or profits arising out of failure of NYC Office Suites or its employees, to furnish any service, any error or omission with respect thereto, or any delay or interruption of services.  NYC Office Suites disclaims any warranty of merchantability or fitness for a particular purpose.

Section 4: Fees

4.1 The Client will be invoiced once per month for recurring and variable services.

4.2 Payment is due to NYC Office Suites by the first of every month.  Payment not received by the first of the month will incur a late payment penalty fee.

4.3 The client will pay a service retainer equal to two times the recurring monthly total as defined in the Agreement for performance of Client’s obligations under this Agreement and will be held by NYC Office Suites without generating interest.  Client shall not deduct the security retainer from the final payment due under this Agreement or consider such amount as a substitute for such final payment.  If Client has satisfied all payment obligations and vacated the facility, the security retainer (less any outstanding balances) will be returned within 45 days.  If Client’s users exceed the “Number of Persons” in this Agreement, additional set-up and usage fees will be applied.

4.4 The Client agrees to pay a flat monthly fee for unlimited local and domestic long distance calls.  Rates for unlimited local and domestic long distance are outlined in the Complete Terms and Conditions.

4.5 The Client agrees to pay all sales tax and any other taxes and license fees which Client is required to pay to any governmental authority.

4.6 If Client disputes any portion of the charges on Client’s bill, Client agrees to pay the undisputed portion on the designated payment date.

Section 5: Default

5.1 Client is in default under this Agreement if: (i) Client fails to materially abide by the Summary and Complete Terms & Conditions, (ii) Client does not pay Client’s recurring and variable service charges (excluding immaterial or disputed amounts of a nonrecurring nature) on the later of (a) the designated payment date or (b) three days following receipt of written notice designating such default, or (iii) Client conducts illegal activities in the Business Center.

 

  

3

  

5.2 NYC Office Suites has the right to stop providing all services to a Client in default.

5.3 NYC Office Suites has the right to terminate the Agreement early: (i) if Client fails to correct a default or the default cannot be corrected, (ii) without giving Client the opportunity to cure if Client repeatedly defaults under the Agreement, or (iii) if Client uses the Business Center for any illegal operations or purposes.  If NYC Office Suites puts an end to this Agreement it does not put an end to any outstanding obligations, including additional services used and the monthly office fee for the remainder of the period for which this Agreement would have lasted if NYC Office Suites had not ended it.

5.4 The Client must pay all costs including legal fees that NYC Office Suites incurs in enforcing this Agreement.  In the event of termination because of default, NYC Office Suites may, at its option, declare the entire amount of the recurring service charges which would come due and payable during the remainder of the Term to be due and payable immediately, in which event Client agrees to pay the same, plus any applicable fees and taxes, immediately.

Addendum to Service Agreement

This Addendum to the Service Agreement (“Addendum) dated 1/18/11, by and between NYC Office Suites and Kick The Can Corp. (d/b/a Wizard World) (“Client”).

Recitals

	
  

	
A.

	
These Terms and Conditions, and all Addendums, apply to all Business Center locations operating under the legal entities of either Universal Executive Centers, Inc. or Grand Central Business Centers, both of which are referred to as (“NYC Office Suites”).

	
  

	
B.

	
Client and NYC Office Suites are parties to that certain Service Agreement (“Agreement”) dated 1/18/11 in which NYC Office Suites provides services and/or facilities to you.

	
  

	
C.

	
The parties desire to amend the terms of the Service Agreement under the following terms and conditions.

NOW THEREFORE, for and in consideration of the mutual covenants and promises contained herein and other good and valuable considerations, the parties agree as follows:

	
  

	
1.

	
Amendment/Concessions.  The Service Agreement will be amended as follows:

	
  

	
a.

	
During Initial Term, NYCOS will reduce unlimited local and domestic long distance calling plans from $99 per person to $69 per person;

	
  

	
2.

	
Control.  Except as specifically modified or amended by the terms of this Addendum, the Agreement will remain in full force and effect.  In the event of a conflict between this Addendum and the Agreement or any attachment thereto, this Addendum will control.

	
  

	
3.

	
Capitalized Terms.  All capitalized terms not otherwise defined in this Addendum will have their respective meanings as set forth in the Agreement.

 

  

4

  

	
  

	
4.

	
General Terms.  This Addendum may be executed in one or more counterparts and/or by facsimile, each of which will be deemed an original and all of which signed counterparts, taken together will constitute one and the same instrument.

In Witness Whereof, the parties have executed this Addendum as of the date first above written.

	
Client:

	  	
NYC Office Suites:

	  	  	  
	
By:

	
/s/ Stanley M. Glass

	  	
By:

	
/s/ Ryan Trimberger

	
Name:

	
Stanley M. Glass

	  	
Name:

	
Ryan Trimberger

	
Title:

	
Controller

	
  

	
Title:

	
Saks Associate

 

  

5Exhibit 10.12

INTERNET DOMAIN NAME ASSIGNMENT AGREEMENT

THIS INTERNET DOMAIN NAME ASSIGNMENT AGREEMENT (this “Agreement”) is made this ___ day of January, 2011 (the “Agreement”) by and between GAREB SHAMUS ENTERPRISES INC., a corporation organized and existing under the laws of the State of New York, having its principal place of business at 1010 Avenue of the Americas, Suite 302, New York, NY 10018 (“Seller”), and KICK THE CAN CORP., a corporation organized and existing under the laws of the State of Nevada, having its principal place of business at 1010 Avenue of the Americas, Suite 302, New York, NY 10018 (“Purchaser”).

RECITALS

Seller hereby agrees to sell, transfer and assign (“Transfer”) to Purchaser, and Purchaser hereby agrees to purchase from Seller, the domain name www.wizardworld.com (the “Domain Name”), subject to the terms and conditions of this Agreement.

AGREEMENT

The parties hereto agree as follows:

1.           Assignment of Domain Name.

(a)           Assignment of Domain Name.  For good and valuable consideration, payable upon the consummation of the transactions contemplated hereby (the “Closing”) as more particularly described herein, Seller hereby agrees to Transfer to Purchaser at the Closing all of Seller's right, title and interest in and to the Domain Name and the registration thereof, together with the goodwill of the business connected with and symbolized by the Domain Name, including, without limitation, the trademark and the service mark “wizardworld.com” and any intellectual property rights relating thereto, to the extent any such trademark, service mark, or intellectual property rights exist. The Transfer shall take effect at the Closing as set forth herein upon Purchaser making the payment as provided in Section 2 below.

 

(b)           Co-operation in Transferring the Domain Name.  Seller agrees to cooperate with Purchaser and to follow Purchaser's reasonable instructions in order to effectuate the Transfer of the Domain Name registration in a timely manner. Specifically, but without limitation, by the Closing, Seller shall prepare and transmit the necessary InterNic Registrant Name Change Agreement (“RNCA”) and/or to correspond with InterNic to authorize the Transfer of the Domain Name, effective as of the Closing Date (as hereinafter defined).

 

(c)           Warranty.  Seller hereby warrants and represents to Purchaser that no other party has any right, title or interest in and to the Domain Name, that it has unencumbered rights in the Domain Name, that Seller properly registered the Domain Name with InterNic without committing fraud or misrepresentation, that the registration of the Domain Name is still valid and in full effect, that Seller has the authority to Transfer the Domain Name, and that, to the best of Seller's knowledge, the Domain Name does not infringe the rights of any third party.

2.           Purchase Price.  Purchaser agrees to pay Seller at Closing, a one-time payment of Five Thousand Dollars ($5,000) (the “Purchase Price”) in immediately available funds via wire transfer to an account designated by Seller.

 

3.           Closing.

(a)           Conditions to Purchaser's Obligation To Close.   Purchaser's obligation to consummate the transactions contemplated by this Agreement at the Closing is subject to completion of the following:

 

  

  

  

(i)           Transfer of Domain Name. Seller shall have delivered to Purchaser all documents necessary or appropriate to cause the Domain Name and the registration thereof, together with the goodwill of the business connected with and symbolized by such Domain Name, including, without the limitation, the trademark and the service mark “wizardworld.com” and any intellectual property rights relating thereto (to the extent any such trademark, service mark, or intellectual property rights exist), to be Transferred from Seller to Purchaser. Such documents shall contain no omissions, limitations or qualifications, and shall be fully executed by authorized officers of Seller, such that the only remaining step to be taken by Purchaser to accomplish the Transfer of the Domain Name and the registration therefor from Seller to Purchaser is the Purchaser's filing of such documents with the appropriate third parties; and

 

(ii)           Representations, Warranties and Covenants. The obligations of Seller required to be performed by Seller hereunder at or prior to the date of the Closing Date shall have been performed and complied with, and the representations and warranties of Seller set forth in this Agreement shall be true and correct in all respects as of the Closing Date as though made on and as of the Closing Date.

 

(b)           Conditions to Seller's Obligation To Close. Seller's obligation to consummate the transactions contemplated by this Agreement at the Closing is subject to completion of the following:

 

(i)           Payment of Purchase Price. Seller shall have received the Purchase Price in accordance with Section 2 above; and

 

(ii)           Representations, Warranties and Covenants. The obligations of Purchaser required to be performed by Purchaser hereunder at or prior to the Closing Date shall have been performed and complied with in all material respects, and the representations and warranties of Purchaser set forth in this Agreement shall be true and correct in all respects as of the Close Date as though made on and as of the Closing Date.

 

(c)           Place and Date of Closing.  After satisfactory completion of the enumerated conditions set forth in subsection (a) and (b) of this Section 3, the Closing shall take place at the offices of Seller on or before January ___, 2011 (the “Closing Date”). In the event the Closing does not occur by the Closing Date, then this Agreement shall terminate and the rights and obligations of the parties to this Agreement shall be of no further force and effect; provided that no party hereunder shall be relieved of any breach of this Agreement occurring prior to such termination date. At Closing, each party hereto shall deliver to the other such documents, certificates and consents, approvals and waivers of third parties that shall be reasonably necessary to satisfy the obligations of the parties hereunder.

4.           Expenses.   Each party to this Agreement shall bear all of his or its expenses incurred in the preparation and performance hereof, regardless of whether the transactions contemplated herein are consummated.

5.           Confidentiality and Public Relations.   Each party hereto will not, without the consent of the other, disclose the provisions contained herein to any third parties (other than as may be required by law, in connection with legal or administrative proceedings, or to attorneys, accountants, and consultants such party may have retained to represent them in connection herewith).  This provision shall survive the Closing.

6.           Miscellaneous

 

(a)           Choice of Law. This Agreement shall be construed in accordance with the laws of the State of New York, without regard to the conflicts of law provisions thereof.

(b)           Venue.  The parties hereto agree that all actions or proceedings arising in connection with this Agreement shall exclusively be in the federal (if permitted by law and a party hereto elects to file an action in federal court) and state courts located in the County of New York in the State of New York. This choice of venue is intended by the parties hereto to be mandatory and not permissive in nature, and to preclude the possibility of litigation between the parties hereto with respect to, or arising out of, this Agreement in any jurisdiction other than that specified in this Section. Each party hereto waives any right it may have to assert improper venue, the doctrine of forum non-conveniens or similar doctrine or to object to venue with respect to any proceeding brought in accordance with this Section.

  

  

  

(c)           Indemnity. Each party hereto will indemnify, defend and hold harmless the other party hereto from and against any and all losses, liabilities, damages, fees and costs incurred through claims of third persons or arising from breach by any party hereto of such party's representations, warranties or covenants in this Agreement.

 

(d)           Agreement Drafted by All Parties. This Agreement is the result of arm's length negotiations between the parties hereto and shall be construed to have been drafted by all parties hereto such that any ambiguities in this Agreement shall not be construed against either party.

(e)           Section Headings. The section headings contained herein are for convenience in reference and are not intended to define or limit the scope of any provision of this Agreement.

(f)           Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, and constitute one and the same instrument, and will become effective and binding upon the parties hereto as of the execution date at such time as all the signatories hereto have signed a counterpart of this Agreement.

 

(g)           Notices.

 

(i)           Any notices required or permitted to be given hereunder by either party hereto to the other shall be given in writing: (A) by personal delivery; (B) by electronic facsimile with confirmation sent by United States first class registered or certified mail, postage prepaid, return receipt requested; (C) by bonded courier or by a nationally recognized overnight delivery company; or (D) by United States first class registered or certified mail, postage prepaid, return receipt requested, in each case, addressed to the parties at such party's address set forth at the beginning of this Agreement or to such other address as such party shall designate by written notice given hereunder.

 

(ii)           Notices shall be deemed received on the earliest of personal delivery, upon delivery by electronic facsimile with confirmation from the transmitting machine that the transmission was completed, the business day following deposit with a bonded courier or overnight delivery company, or 72 hours following deposit in the U.S. mail as required herein.

7.           Entire Agreement.   This Agreement contains the entire agreement between the parties hereto with respect to the subject matter of this Agreement, and supersedes all other prior and contemporary agreements, understandings, and commitments, whether written or oral, between the parties with respect to the subject matter of this Agreement.

8.           Successors and Assigns.   This Agreement is binding on and shall inure to the benefit of the respective successors and/or assigns of the parties hereto.

 

9.           Attorney's Fees.   In the event either party files suit to enforce any of the terms hereof, the prevailing party shall be entitled to an award of all of its reasonable attorney's fees and court costs from the other party.

[Signature page follows]

 

  

  

  

IN WITNESS WHEREOF, the parties hereto have executed and delivered this Agreement on the dates written below:

	
SELLER

	  
	  	  
	
GAREB SHAMUS ENTERPRISES INC.

	  
	  	  
	
By:

	/s/Gareb Shamus	  
	  	  	  
	
Print Name:  

	
Gareb Shamus

	  
	  	  	  
	
Title:

	
Chief Executive Officer

	  
	  	  
	
PURCHASER

	  
	  	  
	
KICK THE CAN CORP.

	  
	  	  
	
By:

	/s/Gareb Shamus	  
	  	  	  
	
Print Name:

	
Gareb Shamus

	  
	  	  	  
	
Title:

	
Chief Executive Officer

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