Document:

ex10_3.htm

     

    EXHIBIT 10.3

     

     

    
      CONTRACT
        OF ENGAGEMENT

      

      This
        Contract of Engagement dated and effective this 7th day of February ,2008
        by and
        between Philip Johnston, CA (hereinafter referred to as The Consultant), and
        Interactive Games, Inc (hereinafter referred to as The Client).

      

      Recitals

      

      I.  The
        Client desires to obtain
        consulting services from The
        Consultant as more particularly described herein (“Scope of Services and
        Manner of Performance”).

      II.
The
        Consultant is in the
        business of providing such consulting services and has agreed to provide
        the
        services on the terms and conditions set forth in this agreement.

      Now,
        therefore, in consideration of the faithful performance of the obligations
        set
        forth herein and other good and valuable consideration the receipt and
        sufficiency of which are hereby acknowledged, The Consultant and The
        Client hereby agree as
        follows:

      

      Terms

      

      1.     Scope
        of
        Services.  The Company will perform
        financial and business consulting for and on behalf of The Client in relation to
        business development, product marketing and mergers and acquisitions strategies
        and advise The Client
        on matters pertaining to strategic alliances and business modeling services
        including:

       

      
        	
                 

              	
                a.

              	
                Increased
                  product exposure 

              

      

      
        	
                 

              	
                b.

              	
                Business
                  Modeling and strategies 

              

      

      c.   Strategic
        alliances and M&A services

      

      2.     Manner
        of performance.  It
        is intended that The
        Consultant will provide research and sales materials on the company and
        distribute company material to potential business partners and strategic
        alliances who The Consultant
determines in its
        sole discretion, are capable of purchasing or marketing
        the Client’s products or may be a potential acquisition partner for The Client.  The
        Consultant will also
        advise The Client
        concerning business development matters relating to its business.  The Consultant
will act upon The
        Client’s behalf with existing customers and business
        alliances.  The
        Consultant will focus on contracting persons, generally though
        conventional communications in order to familiarize them with information
        concerning The
        Client.  Additionally, The Consultant shall be
        available for advice and counsel to the officers and directors of The Client at such reasonable
        and convenient times and places as may be mutually agreed
        upon.  Except as aforesaid, the time, place and manner of performance
        of the services hereunder, including the amount of time allocated by the
        Company, shall be determined at the sole discretion of The Consultant.

      

      3.      Status
        of
        Consultant.  The Consultant
shall act
        as
        an independent Consultant and not as an agent or employee of The Client and The
        Consultant shall make no
        representation as an agent or employee of The Client.  The
        Consultant shall furnish
        insurance and be responsible for all taxes as an independent
        Consultant.  The
        Consultant shall have no authority to bind The Client or incur
        other
        obligations on behalf of The
        Client.  Likewise, The Client shall have
        no
        authority to bind on incur obligations on behalf of The Consultant.

      

      4.   Disclosure
        of Material
        Events.  The
        Client agrees to promptly disclose to The Consultant those
        events/discoveries which are known and/or anticipated that may conceivably
        may
        have an impact on the stock, business operations, future business, or public
        perception of The
        Client, as this has material impact on the ability and effectiveness of
        The Consultant and
        service rendered.

      

      5.    Confidentiality
        Agreement.  In the event The Client discloses
        information to The
        Consultant that The
        Client considers to be secret, proprietary or non-public and so notifies
        The Consultant, The
        Consultant agrees to hold said information in
        confidence.  Proprietary information shall be used by The Consultant only in
        connection with services rendered under this Agreement.  Proprietary
        information shall not be deemed to include information  a) that is in
        or becomes in the public domain without violation of this Agreement by The Client, or b) that is
        rightfully received from a third entity having no obligation to The Client and without
        violation of this Agreement.  In reciprocal, The Client agrees to hold
        confidential all trade secrets of and methods employed by The Consultant in fulfillment
        of services rendered.

      

      6.       Indemnification.  The
        Client agrees to
        indemnify and hold harmless The Consultant against any
        losses, claims, damages, liabilities and/or expenses (including any legal
        or
        other expenses reasonably incurred in investigating or defending any action
        or
        claim in respect thereof) to which The Consultant is willing and
        capable of providing services on a “Best Efforts” basis.  Payment by
The Client to The
        Consultant is irrevocable
        and irreversible.

      

      7.    Conflict
        of
        Interest.  The Consultant shall be
        free
        to perform services for other persons.  The Consultant will notify
The
        Client of its
        performance of consulting services for any other Client that could conflict
        with
        its obligations under this agreement.

      

      8.       Term.  Refer
        to Schedule A.

      

      9.       Payment.  Refer
        to Schedule B.

      

      10.     Severability.
        This
        agreement may be dissolved at any time at the express consent of both parties
        with thirty days written notice. Agreement shall continue for an additional
        ninety days if not cancelled in writing within thirty days of the termination
        date of this agreement. In the event any part of this agreement shall be
        held to
        be invalid by any competent court or arbitration panel, this agreement shall
        be
        interpreted as if only that part is invalid and that the parties to this
        agreement will continue to execute the rest of this agreement to the best
        of
        their abilities unless both parties mutually consent to the dissolution of
        this
        agreement.

      

      This
        agreement shall be interpreted
        accordance with laws of Ontario,  Canada.  This agreement
        and attached schedules constitutes the entire contract of the parties with
        respect to the matters addressed herein and no modifications of this agreement
        shall be enforceable unless in writing signed by both The Consultant and The
        Client.  This
        agreement is not assignable by either party without the consent of the
        other.

       

      In
        witness whereof The Consultant and The
        Client have caused this
        agreement to be executed on the date indicated above..

      
 

      Interactive
        Games, Inc

      

      Authorized
        person :__Michael B.Friedman Title_CEO__ Date_February 7th,2008

      I
        hereby
        certify that I agree to the terms of the contract above and am authorized
        to
        enter into a binding contract.

      

       

      ______________________________

      

       

      Philip
        Johnston,  CA

      Signed:
        _____________________  Date_February 7th,2008

      I
        hereby
        certify that I agree to the terms of the contract above and am authorized
        to
        enter into a binding contract.

      

       

      Schedule
        A

      

      Term
        of
        Commitment

      

      The
        Consultant shall perform consulting services for The Client for twelve (12)
        months or until it is mutually determined upon that agreed upon objectives
        have
        been met and the terms of commitment have been fulfilled.Term will be
        automatically renewed for a further twwlve(12) months at the mutual agreement
        of
        parties in writing.

      

      Such
        services shall commence upon receipt of the first payment as outlined in
        Schedule B.

      

      

      

      Schedule
        B

      

      

      1,000,000  shares
        of Client to be registered in Form SB-2;and 1,000,000 restricted shares of
        Client.ex10_4.htm

    EXHIBIT
      10.4

     

    
      (FOR
        TERM NOT TO EXCEED ONE YEAR)

      (Not
        To
        Be Used Commercial, Agricultural, or Other Residential Property)

      

      

      

      WARNING:
        IT IS VERY IMPORTANT TO READ ALL OF THE LEASE CARFULLY. THE LEASE IMPOSES
        IMPORTANT LEGAL OBLIGATIONS.

      AN
        ASTERISK (*) OR A BLANK SPACE (___) INDICATES A PROVISION WHERE A CHOICE
        OR A
        DECISION MUST BE MADE BY THE PARTIES.

      NO
        CHANGES OR ADDITIONS TO THIS FORM MAY BE MADE UNLESS A LAWYER IS
        CONSULTED.

      

      
        	
                I.

              	
                TERM
                  AND PARTIES, This
                  is a lease (“the lease”) for a period of 12
                  months (the
                  “Lease Term”), beginning April
                  15, 2008
                  and ending April
                  14, 2009, between Nima
                  Nami and
                  Michael
                  Friedman
                  (561-212-4849. mikef@thefirmllc.com). (In the Lease, the owner,
                  whether one or more, of the property is called “Landlord.” All persons to
                  whom the property is leased are called “Tenant.”)
                  

              

      

      

      
        	
                II.

              	
                PROPERTY
                  RENTED.
                  Landlord leases to Tenant unit no. 711
                  in the
                  building located at 801
                  S. Olive
                  Ave. known as One
                  City Plaza, West
                  Palm Beach, Florida 33401
together
                  with the following furniture and appliances: washer,
                  dryer, range,
                  dishwasher, microwave,
                  refrigerator                                                                                                         .

              

      

      

      
        	
                III.

              	
                COMMON
                  AREAS. Landlord
                  grants to Tenant permission to use, along with others, the common
                  areas of
                  the building and the development of which the Premises are a part.
                  

              

      

      

      
        	
                IV.

              	
                RENT
                  PAYMENTS AND
                  CHARGES. Tenant shall pay rent for the Premises in installments
                  of
                  $2,500.00  each
                  on the 15   day
                  of each month.
                  (A
                  “Rental Installment Period,” as used in the Lease, shall be a month if
                  rent is paid monthly, and a week if rent is paid weekly.) Tenant
                  shall pay
                  with each rent payment all taxes Imposed on the rent by authorities.
                  The
                  amount of taxed payable on the beginning date of the Lease is $0.00
for
                  each
                  installment. The amount of each installment of rent plus taxes
                  (“the Lease
                  Payment”), as of the date the Lease begins, is $0.00.
                  Landlord
                  will notify Tenant if the amount of tax changes. Tenant shall pay
                  the rent
                  and all other charges required to be paid under the Lease by cash,
                  valid
                  check, or money order, Landlord may appoint an agent to collect
                  the Lease
                  Payment and to perform Landlord’s obligations.

              

      

      

      
        	
                ·  

              	
                Landlord/Tenant
                  (circle one) shall pay the common area maintenance fees attributable
                  to
                  the Premises during the Lease Term. Such fees
                  are

              

      

      
        	
                ·  

              	
                $
                  1,200.00
                  per
                  month/ quarter (circle one) and are payable at the following
                  address: 801
                  S
                  Olive Ave WPB FL 33401. Failure by Tenant to pay any such fees that
                  are Tenant’s obligations shall be a default in payment of
                  rent.

              

      

      
        	
                ·  

              	
                The
                  Lease Payments must be paid In
                  advance/ In arreare (circle one) beginning April
                  15,
                  2008.

              

      

      

      
        	
                V.

              	
                DEPOSITS,
                  ADVANCE RENT, AND
                  LATE CHARGES. In addition to the Lease Payments described above,
                  Tenant shall pay the following: (check only those items that apply)
                  

              

      

      
        	
                 

              	
                 X  a
                  security deposit of $ 2,500.00
to
                  be
                  paid upon signing the Lease. 

              

      

      
        	

              	
                 X  advance
                  rent in the amount of $ 5,00.00
for
                  the
                  Rental Installment Periods of 1st
                  and 1st

              

      

            month
        to be upon signing the
        Lease.

      X  
        a pet
        deposit in the amount of $ __________ to be paid
        upon signing the Lease.

        
X  a
        late charge In
        the amount of $ 100.00
for each
        Lease Payment made more that 5  number
        of

            days
        after the date is due.

         X  a
        bad check
        fee in the amount of $ 100.00 (not to
        exceed
        $20.00, or %5 of the Lease

            Payment,
        which is greater) if  Tenant makes any Lease Payment with a bad check.
        If Tenant

            makes
        any Lease Payment with a bad check, Landlord can require Tenant to pay all
        future

            Lease
        Payment in cash or by money order.

      

      
        	
                 

              	
                VI.

              	
                SECURITY
                  DEPOSITS AND ADVANCE
                  RENT. If Tenant has paid a security deposit or advance rent
                  the
                  following provisions apply: 

              

      

      
        	
                 

              	
                A.

              	
                Landlord
                  shall hold the money in a separate interest bearing or noninterest
                  bearing
                  account in a Florida banking institution for the benefit of Tenant.
                  

              

      

      If
        Landlord deposits the money in an interest-bearing account, Landlord must
        pay
        Tenant interest of at least 75% of the annualized average interest paid by
        the
        bank or 5% per year simple interest, whichever Landlord chooses. Landlord
        cannot
        mix such money with any other funds of Landlord or pledge, mortgage, or make
        any
        other use of such money until the money is actually due to Landlord; or

      
        	
                 

              	
                B.

              	
                Landlord
                  must post a surety bond in the manner allowed by law, if Landlord
                  posts
                  the bond, Landlord shall pay Tenant 5% interest per year. At the
                  end of
                  the Lease, Landlord will pay Tenant, or credit against rent, the
                  interest
                  due to Tenant. No interest will be due Tenant if Tenant wrongfully
                  terminates the Lease before the end of the Lease Term.
                  

              

      

      

      
        	
                 

              	
                If
                  Landlord rents five or more dwelling units, then within 30 days
                  of
                  Tenant’s payment of 

              

      

      
        	
                 

              	
                the
                  advance rent or any security deposit, Landlord must notify Tenant
                  in
                  writing of the 

              

      

      
        	
                 

              	
                manner
                  in which Landlord is holding such money, the interest rate, if
                  any, that
                  Tenant 

              

      

      
        	
                 

              	
                will
                  receive, and when such payments will be made.

              

      

      

      
        	
                VII.

              	
                NOTICES.
                  Anthony L.
                  Pissarelli/ Nima Nami 310-984-9974 is Landlord’s Agent. All notices
                  to Landlord and Lease Payments must be sent to Landlord’s Agent at
                  ___________________________________________, unless Landlord gives
                  Tenant
                  written notice of a change. Landlord’s Agent may perform inspections on
                  behalf of Landlord. All notices to Landlord shall be given by certified
                  mail, return receipt request, or by hand delivery to Landlord or
                  Landlord’s Agent. 

              

      

      

      
        	
                 

              	
                Any
                  notice to Tenant shall be given by certified mail, return receipt
                  request,
                  or delivered to Tenant at the Premises. If Tenant is absent from
                  the
                  Premises, a notice to Tenant may be given by leaving a copy of
                  the notice
                  at the Premises. 

              

      

      

      
        	
                VIII.

              	
                USE
                  OF PREMISES. Tenant
                  shall use the Premises only for residential purposes. Tenant also
                  shall
                  obey, and require anyone on the Premises to obey, all laws and
                  any
                  restrictions that apply to the Premises. Landlord will give Tenant
                  notice
                  of any restrictions that apply to the Premises.

              

      

      
        	
                 

              	
                The
                  Premises are located in a condominium or cooperative development.
                  The
                  Lease, and Tenant’s rights under the lease, shall be subject to al terms,
                  conditions, provisions, and restrictions set out in the Declaration
                  of
                  Condominium, the plat, and restrictions, rules, and regulations
                  as now
                  exist or may be adopted, modified, amended, or repealed by governing
                  associations during the Lease Term.

              

      

      
        	
                 

              	
                Tenant
                  acknowledges that the governing association may adopt, modify,
                  amend, or
                  repeal rules and regulations for the use of the common areas and
                  the
                  Premises during the Lease Term. 

              

      

      
        	
                ·  

              	
                Occasional
                  overnight guests are/
                  are not (circle one) permitted. An occasional overnight guest is
                  one who
                  does not stay more than 14 nights
                  in
                  any calendar month. Landlord’s written approval Is/
                  Is not (circle one) required to allow anyone else to occupy the
                  Premises.

              

      

      
        	
                ·  

              	
                Tenant
                  may/ may
                  not (circle one) keep or allow pets or animals on the Premises
                  without Landlord’s approval of the pet or animal in
                  writing.

              

      

      Tenant
        shall not keep any dangerous or flammable items that might increase the danger
        of fire or damage on the Premises without Landlords consent. Tenant shall
        not
        create any environmental hazards on or about the Premises.

      Tenant
        shall not destroy, deface damage, impair, or remove any part of the Premises
        belonging to Landlord, nor permit any person to do so.

      
        	
                ·  

              	
                Tenant
                  may/ may
                  not (circle one) make any alterations or improvement to the
                  Premises without first obtaining Landlord’s written consent to the
                  alteration or improvement.

              

      

      Tenant
        must act, and require all other persons on the Premises to act, in a manner
        that
        does not unreasonably disturb any neighbors or constitute a breach of the
        peace.

      

      
        	
                IX.

              	
                MAINTENANCE.
                  Landlord
                  and Tenant agree that the maintenance of the Premises must be performed
                  by
                  the person indicated bellow: 

              

      

      
        	
                 

              	
                A.
                  Structural and
                  Building Codes. Landlord and Tenant acknowledge that the maintenance
                  of
                  the structural elements and common areas is performed by the condominium
                  association as part of the common area maintenance. Landlord shall
                  assure
                  that the association complies with applicable building, housing,
                  and
                  health codes relating to the Premises. If there are no applicable
                  building, housing, or health codes, Landlord shall assure that
                  the
                  association maintains and repairs the roofs, porches, windows,
                  exterior
                  walls, screens, foundations, floors structural components, and
                  steps and
                  keeps the plumbing in reasonable working order. Landlord will be
                  responsible for the maintenance of any items above for which the
                  association is not responsible. 

              

      

      
        	
                ·  

              	
                B.
Elective
                  Maintenance.
                  Fill in each blank space in this section with Landlord or Tenant
                  to show
                  who will take care of the item noted. If space is left blank, Landlord
                  will be require to take care of the
                  item.

              

      

       

      __T/L_­
Smoke
        detectors                                                                
__T/L__Running
        water                                                      
__T/L__
        Appliances

      

      __T/L__
Extermination
        of
        rats,                                                       
__T/L__ Hot
        water                                                           
__T/L__
        Fixtures

        Mice,
        roaches,
        ants,

                 
          Wood
        destroying                                                               
 __T/L__
        Lawn                                                                
 __T/L__
        Poll

        Organisms,
        and                                                                                                          (including
        filters,
        bedbugs

      
      

                                                                                   machinery,
        and equipment)

      

      __T/L__
        Locks and
        Keys                                                                
__T/L__
        Heat                                                                  
__T/L__ Heating
        and

                                                  Air
        conditioning
        filters

      

      __T/L__
        Clean and safe
        condition                                                    
__T/L__
        Air                                                                    
____ Other: ____

        of
        outside
        areas                                                                 
conditioning  

      

      __T/L__
        Garbage removal
        and

      Outside
        garbage
        receptacles                                                                
__L__
        Furniture

      

      
        	
                ·  

              	
                Tenant’s
                  responsibility if any, indicated above, shall/ shall
                  not (circle one) include major maintenance or major replacement
                  of
                  equipment.

              

      

      Landlord
        shall be responsible for major maintenance or major replacement or equipment,
        except for equipment for which Tenant has accepted responsibility for major
        maintenance or major replacement in the previous paragraph.

      

      Major
        maintenance or major replacement means a repair or replacement that costs
        more
        than $50.00.

      Tenant
        shall be required to vacate the Premises on 7 “days” written notice, if
        necessary, for extermination pursuant to this subparagraph. When vacation
        of the
        Premises is required for extermination, Landlord shall not be liable for
        damages
        but shall abate the rent.

      

      Nothing
        in this section makes Landlord responsible for any condition created or caused
        by the negligent or wrongful act or commission of Tenant, any member of Tenant’s
        family, or any other person on the Premises with Tenant’s consent.

      

      C.
        Tenant’s Required Maintenance. At all times during the Lease Term, Tenant
        shall:

      1.
        comply
        with all obligations imposed upon tenants by applicable provision of building,
        housing, and health codes;

      2.
        keep
        the Premises clean sanitary;

      3.
        remove
        all garbage from the dwelling unit in a clean and sanitary manner;

      4.
        keep
        all plumbing fixtures in the dwelling unit clean, sanitary, and in repair,
        and

      5.
        use
        and operate in a reasonable manner all electrical, plumbing, sanitary, heating,
        ventilating, air conditioning, and other facilities and appliances, including
        elevators.

      

      
        	
                X.

              	
                UTILITIES.
Tenant
                  shall
                  pay all charges for hook-up, connections and deposit for utilities
                  and
                  utility services to the Premises during this lease except per
                  the current
                  Homeowners Association Budget., which Landlord agrees to provide at
                  Landlord’s expense.(Specify and utilities to be provided and paid for by
                  Landlord such as water, sewer, oil, gas, electricity, telephone,
                  garbage
                  removal, etc.) 

              

      

      

      
        	
                XI.

              	
                LANDLORD’S
                  ACCES TO
                  PREMISES. Landlord or Landlord’s Agent may enter the Premises in
                  the following circumstances: 

              

      

      
        	
                 

              	
                A.
                  At any time for the
                  protection or preservation of the Premises.

              

      

      
        	
                 

              	
                B.
                  After reasonable notice to Tenant at reasonable times for the purpose
                  of
                  repairing the Premises. 

              

      

      
        	
                 

              	
                C.
                  To inspect the Premises; make necessary or agreed-upon repaires,
                  decorations, alterations, or improvements; supply agreed services,
                  or
                  exhibit the Premises to prospective or actual purchases, mortgagees,
                  tenants, workers, or contractors under any of the following circumstances:
                  

              

      

      
        	
                 

              	
                1.
                  with Tenant’s consent; 

              

      

      
        	
                 

              	
                2.
                  in case of emergency; 

              

      

      
        	
                 

              	
                3.
                  when Tenant unreasonably withholds consent’ or

              

      

      
        	
                 

              	
                4.
                  if Tenant is absent from the Premises for a period of at least
                  one-half a
                  Rental Installment Period. (If the rent is current and Tenant notifies
                  Landlord of an intended absence, then Landlord may enter only with
                  Tenant’s consent or for the protection or preservation of the Premises.)
                  

              

      

      

      

      
        	
                XII.

              	
                PROHIBITED
                  ACTS BY LANDLORD. 

              

      

      
        	
                 

              	
                A.
                  Landlord cannot cause, directly or indirectly, the termination
                  or
                  unreasonable interruption of any utility service furnished to Tenant,
                  Including, but not limited to, water, heat, light, electricity,
                  gas,
                  elevator, garbage collection, or refrigerator (whether or not the
                  utility
                  services is under the control of, or payment is made by, Landlord).
                  

              

      

      
        	
                 

              	
                B.
                  Landlord cannot prevent Tenant’s access to the Premises by any means,
                  including, but not limited to, changing the locks or using any
                  boot lock
                  or similar devices. 

              

      

      
        	
                 

              	
                C.
                  Landlord cannot remove the outside doors, looks, roof, walls, or
                  windows
                  of the Premises except for purposes of maintenance, repair, or
                  replacement. Landlord cannot remove Tenant’s personal property from the
                  Premises unless the action is taken after surrender, abandonment,
                  or a
                  lawful eviction. If provided in a written agreement separate from
                  the
                  Lease, upon surrender or abandonment by Tenant, Landlord shall
                  not be
                  liable or responsible for storage or disposition of Tenant’s personal
                  property. (For the purposes of this section, abandonment means
                  Tenant is
                  absent from the Premises for at least one-half a Rental installment
                  Period
                  without paying rent or giving Landlord reasonable notice or Tenant’s
                  absence.) 

              

      

      

      
        	
                XIII.

              	
                CASUALTY
                  DAMAGE. If the
                  Premises are damaged or destroyed other than by wrongful or negligent
                  acts
                  of Tenant or persons on the Premises with Tenant’s consent, so that the
                  use of the Premises is substantially impaired, Tenant may terminate
                  the
                  Lease within 30 days after the damage or destruction and Tenant
                  will
                  immediately vacate the premises. If Tenant vacates, Tenant is not
                  liable
                  for the rent that would have been due after the date of termination.
                  Tenant may vacate the part of the Premises rendered unusable by
                  the damage
                  or destruction, in which case Tenant’s liability for rent shall be reduced
                  by the fair rental value of the part of the Premises that was damaged
                  or
                  destroyed. 

              

      

      

      
        	
                XIV.

              	
                DEFAULT.
                  

              

      

      
        	
                 

              	
                A.
                  Landlord’s Default. Except as noted below, Landlord will be in default if
                  Landlord fails to comply with Landlord’s required maintenance obligations
                  under Section IX(A) or fails to comply with other material provisions
                  of
                  the Lease and such failure continues for more than 7 days after
                  Tenant
                  delivers a written notice to Landlord that tells Landlord how Landlord
                  has
                  violated the Lease. 

              

      

      
        	
                 

              	
                If
                  Landlord’s failure to comply is due to causes beyond the Landlord’s
                  control and if Landlord has made, and continues to make, every
                  reasonable
                  effort to correct the problem, the Lease may be altered by the
                  parties, as
                  follows: 

              

      

      
        	
                 

              	
                1.
                  If Landlord’s failure to comply makes the Premises uninhabitable and
                  Tenant vacates, Tenant shall not be liable for rent during the
                  period the
                  Premises remains uninhabitable. 

              

      

      
        	
                 

              	
                2.
                  If Landlord’s failure to comply does not make the Premises uninhabitable
                  and Tenant continues to occupy the Premises, the rent for the period
                  of
                  noncompliance will be reduced by an amount in proportion to the
                  loss of
                  rental value caused by the noncompliance.

              

      

      
        	
                 

              	
                B.
                  Tenant’s Default. Tenant will be in default if any of the following occur:
                  

              

      

      
        	
                 

              	
                1.
                  Tenant fails to play rent when due and the default continues for
                  3 days,
                  excluding Saturday, Sunday, and legal holidays, after delivery
                  of written
                  demand by Landlord for payment of the rent or possession of the
                  Premises.
                  

              

      

      
        	
                 

              	
                2.
                  Tenant fails to perform its obligations under the Lease, and the
                  failure
                  is such that Tenant should not be given an opportunity to correct
                  it or
                  the failure occurs within 12 months of a written warning by Landlord
                  of a
                  similar failure. Examples of such failures which do not require
                  an
                  opportunity to correct include, but are not limited to, destruction,
                  damage, or misuse of Landlord’s or other Tenant’s property by an
                  intentional act or a subsequent or continued unreasonable disturbance.
                  

              

      

      
        	
                 

              	
                3.
                  Except as provided above, Tenant fails to perform any other obligation
                  under the Lease and the default continues for more than 7 days
                  after
                  delivery of written notices to Tenant from Landlord specifying
                  the
                  default. 

              

      

      
        	
                 

              	
                C.
                  Waiver of Default. If Landlord accepts rent knowing of Tenant’s default or
                  accepts performance by Tenant of any provision of the Lease different
                  from
                  the performance require by the Lease, or if Tenant pays rent knowing
                  of
                  Landlord’s default or accepts performance by Landlord of any provision of
                  the Lease different from the performance required by the Lease,
                  the party
                  accepting the rent or performance or making the payments shall
                  not have
                  the right to terminate the Lease or to bring a lawsuit for the
                  default,
                  but may enforce any later default. 

              

      

      

      
        	
                XV.

              	
                REMEDIES
                  AND DEFENSES. 

              

      

      
        	
                 

              	
                A.
                  Tenant’s Remedies. 

              

      

      1.
        If
        Landlord has defaulted under the Lease and if Tenant has given Landlord a
        written notice describing the default and Tenant intention to withhold rent
        if
        the default is not corrected within 7 days, Tenant may withhold an amount
        of
        rent equal to the loss in rental value caused by the default. If Tenant’s notice
        advises Landlord that Tenant intends to terminate the lease if the default
        is
        not cured within 7 days and the default is not cured within 7 days, Tenant
        may
        terminate the lease.

      2.
        If
        Tenant has given the notice referred to in subparagraph (1) above, and if
        Landlord has not corrected the default within 7 days, Tenant may in addition
        to
        withholding the applicable amount of rent, file a lawsuit in county court
        to
        require Landlord to correct the default and for damage.

      3.
        If
        Landlord’s default makes the Premises uninhabitable, and if Tenant has given
        Landlord a notice describing the default and informing Landlord the Tenant
        intends to terminate the Lease, then if Landlord does not cure the default
        within 7-day period, Tenant may terminate the Lease at the end of the 7
        days.

      4.
        If
        Landlord violates the provisions of section XII, Landlord shall be liable
        to
        Tenant for actual and consequential damages or 3 month’s rent, whichever is
        greater, for each violation.

      B.
        Landlord’s Remedies.

      1.
        If
        Tenant remains on the Premises after expiration or termination of the Lease
        without Landlord’s permission, Landlord may recover possession of the Premises
        in the manner provided for by law.  Landlord also may recover double
        rent for the period during which Tenant refuses to vacate the Premises.

      2.
        If
        Tenant defaults under the Lease by falling to pay rent, as set forth in section
        XIV (B) (1). Landlord may terminate Tenant’s rights under the Lease and Tenant
        shall vacate the Premises immediately. If Tenant defaults under the Lease
        for
        any other reason, as set forth in sections XIV (B) (2) or (3) above, Landlord
        may terminate Tenant’s rights under the Lease and Tenant shall vacate the
        Premises within 7 days of delivery of the notice of termination,

      3.
        If
        Tenant fails to cure a default within the time specified in the notice to
        Tenant, Landlord may recover possession of the Premises as provided by
        law.

      4.
        Landlord shall not recover possession of the Premises except:

      a.
        In a
        lawsuit for possession;

      b.
        When
        Tenant has surrounded possession of the Premises to Landlord; or

      c.
        When
        Tenant has abandoned the Premises. Absent actual knowledge of

        abandonment,
        the Premises shall be considered abandoned if Tenant is absent

      from
        them
        for at least one-half a Rental Installment Period, the rent is no current,
and Tenant
        has not
        notified Landlord, in writing, of an intended absence.

      5.
        If
        Tenant has defaulted under the Lease and Landlord has obtained a writ of
        possession, if Tenant has surrendered possession of the Premises to Landlord,
        or
        if Tenant has abandoned the Premises, Landlord may:

      a.
        treat
        the Lease as terminated, retake possession for Landlord’s own account, and any
        further liability of Tenant will be ended;

      b.
        retake
        possession of the Premises for Tenant’s account, Tenant will remain liable for
        the difference between rent agreed to be paid under the Lease and rent Landlord
        is able to recover in good faith from a new tenant; or

      c.
        do
        nothing, and Tenant will be liable for the rent as it comes due.

      6.
        If
        Landlord retakes possession of the Premises for Tenant’s account, Landlord must
        make a good faith effort to re-lease the Premises. Any rent received by Landlord
        as a result of the new lease shall be deducted from the rent due from Tenant.
        For purposes of this section, “good faith” in trying to re-lease the Premises
        means that Landlord shall use at least the same efforts to re-lease the Premises
        as were used in the initial rental or at least the same efforts as Landlord
        uses
        in attempting to lease other similar property. It does not require Landlord
        to
        give a preference in leasing the Premises over vacant properties that Landlord
        owns or has the responsibility to rent.

      C.        Other
        Remedies. Each party also may have other remedies available at law or
        in equity.

      
        	
                 

              	
                D.

              	
                Defenses.
                  In a lawsuit by Landlord for possession of the Premises based upon
                  nonpayment or rent or in a lawsuit by landlord seeking to obtain
                  unpaid
                  rent, Tenant may assert as a defense Landlord’s failure to perform
                  required maintenance, as set forth in Section IX (A) above. Landlord’s
                  failure to provide elective maintenance, as set forth in Section
                  IX (B)
                  above, shall not be a defense to any lawsuit by Landlord for possession
                  of
                  the Premises unless otherwise provided by the Lease or applicable
                  law.
                  Tenant may also raise any other defense, whether legal or equitable,
                  that
                  Tenant may have, including the defense or retaliatory conduct.
                  

              

      

      
        	
                 

              	
                E.

              	
                Payment
                  of Rent to Court, In any lawsuit by Landlord for possession of
                  the
                  Premises, if Tenant raises any defense other than payment, Tenant
                  must pay
                  into the registry of the court the past due rent set forth in Landlord’s
                  complaint, or an amount determined by the court, and the rent which
                  comes
                  due during the lawsuit, as it comes due. Failure of Tenant to pay
                  the rent
                  into the registry of the court will be a waiver of Tenant’s defenses other
                  than payment. 

              

      

      
        	
                 

              	
                F.

              	
                Attorney’s
                  Fees, in any lawsuit brought to enforce the Lease or under applicable
                  law,
                  the party who wins may recover its reasonable court costs and attorneys’
                  fees from the party who loses. 

              

      

      

      
        	
                XVI.

              	
                ASSIGNMENT
                  AND SUBLEASING.
                  Tenant may/ may
                  not (circle one) assign the Lease or sublease all or any part
                  of
                  the Premises without first obtaining Landlord’s written approval and
                  consent to the assignment or sublease.

              

      

      

      
        	
                XVII.

              	
                RISK
                  OF LOSS. Landlord
                  shall/ shall
                  not (circle one) be liable for any loss by reason of damage,
                  theft,
                  or otherwise to the contents, belongings, and personal effects
                  of the
                  Tenant, or Tenant’s family, agents, employees, guests, or visitors located
                  in or about the Premises, or damage or injury to Tenant or Tenant’s
                  family, agents, employees, guests, or visitors, Landlord shall
                  not be
                  liable if such damage, theft, or loss is caused by Tenant, Tenant’s
                  family, agents, employees, guests, or visitors. Nothing contained
                  in this
                  provision shall relieve Landlord or Tenant from responsibility
                  for loss,
                  damage, or injury caused by its own negligence or willful conduct.
                  

              

      

      

      
        	
                XVIII.

              	
                SUBORDINATION.
The
                  Lease
                  is subordinate to the lien of any mortgage encumbering the fee
                  title to
                  the Premises from time to time. 

              

      

      

      
        	
                XIX.

              	
                LIENS.
Tenant
                  shall not
                  have the right or authority to encumber the Premises or to permit
                  any
                  person to claim or assert any lien for the improvement or repair
                  of the
                  Premises made by Tenant. Tenant shall notify all parties performing
                  work
                  on the Premises at Tenant’s request that the Lease does not allow any
                  liens to attach to Landlord’s interest.

              

      

      

      
        	
                XX.

              	
                APPROVAL
                  CONTINGENCY.
                  The Lease is/
                  is not (circle one) conditioned upon approval to Tenant by the
                  association
                  that governs the Premises. 

              

      

      

      
        	
                XXI.

              	
                RENEWAL/EXTENSION.
The
                  Lease can be renewed or extended only by a written agreement signed
                  by
                  both Landlord and Tenant, but not renewal may extend the term to
                  a date
                  more than 1 year after the lease begins. A new lease is required
                  for each
                  year. 

              

      

      

      
        	
                XXII.

              	
                MISCELLANEOUS.
                  

              

      

      
        	
                 

              	
                A.
                  Time is of the essence of the Lease.

              

      

      
        	
                 

              	
                B.
                  The Lease shall be binding upon and for the benefit of the heirs,
                  personal
                  representatives, successors, and permitted assigns of Landlord
                  and Tenant,
                  subject to the requirements specifically mentioned in the Lease.
                  Whenever
                  used, the singular number shall include the plural or singular
                  and the use
                  of any gender shall include all appropriate genders.
                  

              

      

      
        	
                 

              	
                C.
                  The agreements contained in the Lease set forth the complete understanding
                  of the parties and may not be changed or terminated orally.
                  

              

      

      
        	
                 

              	
                D.
                  No agreement to accept surrender of the Premises from Tenant will
                  be valid
                  unless in writing and signed by Landlord.

              

      

      
        	
                 

              	
                E.
                  All questions concerning the meaning, execution, construction,
                  effect,
                  validity, and enforcement of the Lease shall be determined pursuant
                  to the
                  laws of Florida. 

              

      

      
        	
                 

              	
                F.
                  The place for filing any suits or other proceedings with respect
                  to the
                  Lease shall be the county in which the Premises is located.
                  

              

      

      
        	
                 

              	
                G.
                  Landlord and Tenant will use good faith in performing their obligations
                  under the Lease. 

              

      

      

      
        	
                 

              	
                INSTRUCTIONS:
                  

              

      

      
        	
                1.

              	
                Licensee:
                  Give this disclosure to the Landlord prior to your assisting with
                  the
                  completion of the attached Lease. 

              

      

      
        	
                2.

              	
                Licensee:
                  As the person assisting with the completion of the attached form,
                  insert
                  your name in the first (5) blank “Name” spaces below.
                  

              

      

      
        	
                3.

              	
                Licensee:
                  SIGN the
                  disclosure below. 

              

      

      
        	
                4.

              	
                Landlord/Owner
                  and Tenant: Check the applicable provision regarding English contained
                  in
                  the disclosure and SIGN below.
                  

              

      

      
        	
                5.

              	
                Licensee:
                  Retain a copy for your files for at least 6 years. Landlord/Owner
                  and
                  Tenant: Retain a copy for your files.

              

      

      
        	
                 

              	
                This
                  disclosure does not act as or constitute a waiver, disclaimer or
                  limitation of liability. 

              

      

       

      
        	
                 

              	
                THIS
                  FORM WAS COMPLETED WITH THE ASSISTANCE OF:

              

      

      

      

      
        	
                Anthony
                  L. Pissarelli/
                  Nima Nami 3109849974

              	
                Re/Max
                  Island
                  Properties

              

      

      
        	
                Licensee
                  Name

              	
                Name
                  of Brokerage/Business 

              

      

      

      
        	
                2655
                  N. Ocean Dr.
                  Singer Island FL, 33404

              	
                888-888-2814

              

      

      
        	
                Address

              	
                Phone
                  Number 

              

      

      

      
        	
                 

              	
                DISCLOSURE:
                  

              

      

      

      
        	
                Anthony
                  L.
                  Pizzarelli

              	
                told
                  me that he/she is a nonlawyer and may not

              

      

      (Name)

      
        	
                 

              	
                legal
                  advice, cannot tell me what my rights or remedies are, cannot tell
                  me how
                  to testify in court, 

              

      

      
        	
                 

              	
                and
                  cannot represent me in court. 

              

      

      

      
        	
                 

              	
                Rule
                  10-2.1(b) of the Rules Regulating the Florida Bar defines a paralegal
                  as a
                  person who works 

              

      

      
        	
                 

              	
                under
                  the supervision of a member of the Florida Bar and who performs
                  specifically delegated 

              

      

      
        	
                 

              	
                substantive
                  legal work for which a member of the Florida Bar is responsible.
                  Only
                  persons who 

              

      

      
        	
                 

              	
                meet
                  the definition may call themselves paralegals.

              

      

      

      Anthony
        L.
        Pizzarelli  informed me that he/she is not a paralegal as

      (Name)

      Defined
        by the rule and cannot call himself/herself a paralegal.

      

      Anthony
        L.
        Pizzarelli  told me that he/she may only help me type the

      (Name)

      Factual
        information provided by me in writing into the blanks on the form.

      

      Anthony
        L.
        Pizzarelli  may not help me fill in the form and may not

      (Name)

      Complete
        the form for me.

      

      If
        using
        a form approved by the Supreme Court of Florida, Anthony L. Pizzarelli
        may ask me factual questions to fill in blanks on the form and may also tell
        me
        how to file the form.

      

      Landlord/Owner:                                                                
        Tenant:

      Yes
        I can read
        English                                                         ___
        I can read English.

      ___
        I
        cannot read English but
        this                                         ___I
        cannot read English but this

      notice
        was read to me by ____________________ in _______________ which I
        understand.

      

      /s/
        Anthony L.
        Pizzarelli                                                    ________________                                                    /s/
        Michael Friedman

      (Licensee
        Signature)                                                      
(Landlord
        Signature)                                                      
(Tenant Signature)

      

      This
        form
        is available for use by the entire estate industry and is not intended to
        identify the user as a Realtor. Realtor is a registered collective membership
        mark that may be used only by real estate licensees who are members of the
        National Association of Realtors and who subscribe to its Code of Ethics.

      

      The
        Copyrights laws of the United States (17 U.S. Code) forbid the unauthorized
        reproduction of blank forms by any means including facsimile or computerized
        forms.

      

      H.
        As
        required by law, Landlord makes the following disclosure: “RADON GAS.” Radon is
        a naturally occurring radioactive gas that, when it has accumulated in a
        building in sufficient quantities, may present health risks to persons who
        are
        exposed to it over time. Levels of radon that exceed federal and state
        guidelines have been found in buildings in Florida. Additional information
        regarding radon and radon testing may be obtained from your county public
        health
        unit.

      

      The
        Lease
        has been executed by the parties on the dates indicated below:

      

      Executed
        by Landlord in the presence
        of:                                                             Nima Nami

                                                        Print
        Landlord Name        

                                                        

      /s/
        Mehrdad Emami                                                      
By:/s/
        Nima
        Nami                                           

                                                            
        Landlord’s Signature 

      

      Print
        Name: _Mehrdad
        Emami_________                                                          As:_________________

      _____________________________

      

      2
        Witnesses needed for
        Landlord                                                                        Date:
03/24/08

      

      

      

      Executed
        by Tenant in the presence of:

      

      /s/
        Michael
        Friedman                                                     /s/ Michael
        Friedman

      Tenant’s
        Signature

      

      Print
        Name: Michael
        Freidman                                       Michael
        Freidman

      Print
        Tenant’s Name

      

      /s/
        Anthony L.
        Pizzarelli

      

      Print
        Name: Anthony L.
        Pizzarelli

      

      

      

      2
        Witnesses needed for each Tenant

      

      This
        form
        was completed with the assistance of:

      

      Name:                                
        Anthony L. Pizzarelli/Nima Nami 310-984-9974

      

      Address:

      

      Telephone
        No:

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