Document:

cellynx_10q-ex1004.htm

EXHIBIT 10.34

 

 

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

 

 

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.

 

 

 

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: _______________________________cellynx_10q-ex1005.htm

 

EXHIBIT 10.35

 

SECOND AMENDMENT TO LEASE

 

This Second Amendment to Lease ("this Amendment"), dated as of March 5, 2010, is made and entered into by and between CSS Properties, LLC ("Landlord") and Cellynx, Inc.  ("Tenant") with reference to the following facts and matters:

 

A. Landlord and Tenant entered into that certain Full Service OfficeLease dated February 21, 2008, (the "Lease") for the premises located within 5047 Robert J. Mathews Pkwy, Suite 400, El Dorado Hills, California (the "Premises").

 

B. Landlord and Tenant desire to amend the Lease as set forth below.

 

NOW, THEREFORE, in consideration of the mutual covenants contained herein and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereby agree to amend the Lease as follows:

 

	
1.

	
       Renewal Term. The Renewal Term of Lease shall commence April 1, 2010 and continue through March 31, 2012.

 

	
2.

	
       Rent. Monthly Full Service Rent shall continue as follows:

 

	
Rental Period

	
Monthly Rent

	
April 1, 2010 — March 31, 2011

	
$1,962.50

	
April 1, 2011 — March 31, 2012

	
$2,041.00

 

	
3.

	
Tenant Improvements. Landlord, at Landlord's sole cost and expense, shall have the carpets professionally cleaned one time during Renewal Term upon Tenant's request. Landlord shall not incur any costs for moving Tenant's personal property.

 

	
4.

	
        Option to Extend.

 

	
a.  

	
Tenant shall have the option to renew the Lease for one (1) additional two- (2) year period under the same terms and conditions except for the Monthly Rent which shall begin at one hundred percent (100%) of "Fair Market Value", increasing annually thereafter by $.05 per rentable square foot. Tenant shall provide Landlord with written notification of Tenant's intent to exercise said option no later than six (6) months prior to the expiration of the then current lease term.

 

	
b.  

	
Fair Market Value. The term "Fair Market Value" shall mean the monthly amount per rentable square foot that a willing, comparable, non-equity tenant would pay and a willing lessor of a comparable property in the marketplace would accept at arm's length, giving appropriate consideration to rental rates, the type of escalation clauses (including, but not limited to, operating expenses and real estate taxes), abatement provisions reflecting free rent, in any, length of term, size and location of premises being leased, tenant improvement allowances, if any, and any other generally-applicable terms and conditions of tenancy for the space in question.

 

 

  

Page 1 of 2

  

 

	
5.        

	
Subleasing & Assignment Rights. Tenant shall have the right to assign or sublease all or any portion of the Premises during the initial lease term and any renewal term without the consent of Landlord to (a) any entity resulting from a merger or consolidation; (b) any entity succeeding in the business and assets of the tenant; or (c) any subsidiary or affiliate. Any other assignment or sublease will be made with the proper written consent of the Landlord, which consent shall not be unreasonably withheld or delayed. Tenant shall retain the profit from any sublease or assignment during the lease term.

 

	
6.        

	
Heating, Ventilation & Air-Conditioning ("HVAC"). There shall be no additional HVAC costs during Tenant's standard business hours. The standard hours of operation for Tenant are Monday through Friday 8:00 a.m. to 6:00 p.m. and Saturday 8:00 a.m. to 1:00 p.m. After hours HVAC charges shall be based upon Landlord's direct cost.

 

	
7.        

	
Broker(s). Landlord shall pay to Lee & Associates — Irvine, Inc., who is representing Tenant, a commission of Two Percent (2%) of the twenty four (24) month Renewal Term gross lease amount. Landlord shall pay to Cemo Commercial, Inc. (DRE Lic #01157779), who is representing Landlord, a renewal brokerage fee as set forth in a separate written agreement between Landlord and Broker. Said payments shall be made upon full execution of this Second Amendment to Lease and receipt of invoicing by respective Brokers.

 

	
8.        

	
Brokerage Disclosure. All parties acknowledge that Sammy F. Cemo is the CEO of the real estate brokerage firm, Cemo Commercial, Inc. and is also a member of CSS Properties, LLC.

 

	
9.        

	
Remaining Provisions. Except as to the matters contained in this Amendment, all other terms, conditions, covenants and obligations as contained in the Lease shall remain in full force and effect.

 

	
10.        

	
Conflict of Terms. In the event of any conflict between the terms and provisions of this Amendment and the terms and provisions of the Lease (any prior amendments/addendums thereto), the terms and provisions of this Amendment shall prevail.

 

	
11.        

	
Counterparts. This Amendment may be executed in two or more counterparts, each of which shall be deemed an original, but all of which shall constitute a single instrument.

 

IN WITNESS WHEREOF, this Amendment is executed as of the dates written below.

 

 

	
LANDLORD

	  	
TENANT

	
CSS Properties, LLC

	  	
Cellynx, Inc.

	  	  	  
	
By: /s/ Sammy F. Cemo         

	  	
/s/ Daniel Ash      

	
Sammy F. Cemo, Member

	  	
Print: Daniel Ash

Title: President & CEO

	
Dated: 3-16-10

	  	
Dated: 3/8/2010

 

 

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