Document:

Ex-10.13 April 1, 2003 Lease

 

EXHIBIT 10.13

LEASE

     THIS LEASE is entered into this 1st day of April 2003, between DuPont &
Fust Real-estate Ventures, LLC hereinafter “Landlord”, and SinoFresh
HealthCare, Inc. hereinafter “Tenant”.

     WITNESSETH, that the Landlord does hereby lease unto Tenant the herein
described premises upon the terms and conditions set forth:

	1.	 	Leased Premises. The premises leased hereunder are described
as an office and warehouse comprising a 10,000 square foot area
located at 516 Paul Morris Dr., Englewood, Florida.
	 
	2.	 	Term. The term of this Lease shall be for five (5) years
commencing April 1, 2003, and terminating March 31, 2008, unless
sooner terminated or renewed as hereinafter provided. The rental
rate to be $4,998.00. Tenant should be liable for all applicable
sales and property taxes, utility expenses, maintain the property
including all minor repairs and lawn maintenance. The tenant will
maintain a personal injury insurance policy. The Landlord shall be
liable all major repairs, property insurance that covers casualty
and liability. The Landlord will provide all additions and/or
improvements to the property. All major improvements are subject to
rent increases proportionate to the improvements.
	 
	3.	 	Rent. Tenant agrees to pay Landlord as monthly base rent
hereunder the sum of $4,998.00. All rent payments will be paid in
advance to DuPont & Fust Real Estate Ventures, LLC on the 1st day of
each month. Without limiting any other remedies of landlord
hereunder, Tenant agrees that any rent payment which is not paid
within five (5) days of the due date will be obligate Tenant to pay
Landlord a late payment fee of $30.00 per day calculated from the
original due date of the rental payment until paid in full.
	 
	4.	 	Default. If any payment of rent or any other sum herein
provided to be paid by Tenant shall not be made within five (5) days
after the same severally becomes due, without further demand or
notice, or if Tenant shall remain in default under any other
condition of this Lease for a period of ten (10) days after written
notice from landlord, or should any other person than Tenant secure
possession of the premises or any part thereof by reason of any
sublease or assignment without landlord’s written consent, or on
account of receivership, bankruptcy proceedings or other operation
of law in any manner whatsoever, then Tenant covenants that the
entire rent for the term of this lease shall become immediately due
and payable and recoverable forthwith by Landlord in which case
Tenant agrees to pay all costs of collection of such rent or other
sums as may be due including

 

 

	 	 	reasonable attorney’s fees. In addition, Landlord shall have all
statutory, common law, and equitable remedies provided for by law
in the event of Tenant’s default under any of the terms and
conditions of this lease.
	 
	 	 	It is expressly agreed that in the event of default by Tenant
hereunder, Landlord shall have a lien upon all goods, chattels or
personal property of my description belonging to Tenant which are
placed in or become a part of the leased premises, as security for
rent due and to become due for the remainder of the Lease term,
which lien shall not be in lieu of or in any way affect any
statutory Landlord’s lien given by law, but shall be cumulative
thereto, and Tenant hereby grants to Landlord a security interest
in all such personal property placed in said leased premises for
such purposes.
	 
	5.	 	Use of Premises. The leased premises shall be used by Tenant
as an office and warehouse and for no other purpose or use unless
Landlord shall consent in writing to some other specific use.
Tenant shall make no unlawful or offensive use of the premises and
shall abide by all statutes, ordinances, rules or regulations of any
governmental authority that may be applicable to the operation of
the commercial business permitted by this Lease. Tenant shall not
do or permit to be done any act or thing that may constitute a
nuisance or which may void or make voidable any insurance of such
premises against fire or other hazards or may result in increased or
extra premiums for any insurance.
	 
	6.	 	Assignment and Subletting. Tenant covenants and agrees that
he will not assign this Lease or sublet any part of the demised
premises without the prior express written consent and approval of
Landlord.
	 
	7.	 	Maintenance. Tenant will maintain and repair the interior of
the building. Landlord will maintain parking lot, yard and exterior
of the building.
	 
	8.	 	Insurance. Tenant agrees to carry casualty insurance
insuring the leased premises and equipment against loss by fire,
flood, windstorm or other casualty in an amount equal to the full
insurable value of the property, naming the Landlord as an
additional insured. Tenant further agrees to purchase and maintain
in force during the term of this Lease or any renewal or extension
hereof, public liability insurance through an insurance company
approved by landlord, adequate to protect against liability or
damage claimed through public use of or arising out of, accidents
occurring in or around the leased premises in a minimum amount of
1,000,000.00 for each person injured, 1,000,000.00 for any one
accident, and 500,000.00 for property damage. In addition, Tenant
shall carry full coverage casualty insurance on Tenant’s goods and
equipment kept on the leased premises. All costs of such insurance
shall be at the expense of the Tenant.
	 
	 	 	Such insurance policy or policies shall provide coverage for
landlord’s contingent liability on such claims or losses. Tenant
further agrees that all policies shall

 

 

	 	 	contain a written commitment from insurer to notify Landlord in
writing at least thirty (30) days prior to the cancellation or
refusal to renew any policy. Tenant shall provide Landlord with a
copy of each policy as and when issued by the insurer. In the
event Tenant shall fail to keep all required insurance policies in
full force and effect during the entire term of this Lease, and any
extension or renewal thereof, Landlord may procure the necessary
insurance required by this Lease, and any premiums paid by Landlord
shall be immediately due as additional rent and failure to make
such payments upon demand shall be deemed a default under the terms
of this Lease.
	 
	9.	 	Alterations and Construction. Tenant shall make no
alterations in or additions to the leased premises without the prior
express written consent of Landlord. All purposed the Landlord must
approve alterations and construction. The landlord has the right to
conduct all leasehold improvements at the request of the tenant.
The landlord must receive written consent to conduct the
improvements.
	 
	10.	 	Destruction of Premises. In the event that the premises
shall be destroyed or so damaged by fire or other casualties as to
be rendered as not tenantable by Tenant then it shall be optional
with either party consider this lease as terminated.
	 
	11.	 	Utilities. Tenant agrees to pay for all utilities provided
to the leased premises including water, sewer, refuse collection and
electric. Landlord shall not be responsible for interruption of
utility services to the leased premises.
	 
	12.	 	Condition of Premises. Tenant acknowledges that it has
inspected the leased premises and agrees to accept the leased
premises in as is condition and acknowledges that Landlord has made
no representations or guarantees as to condition of the building or
the balance of the leased premises.
	 
	13.	 	Indemnity. Tenant shall indemnify and save Landlord harmless
from all fines, suits, proceedings, claims and actions of any kind
by Tenant or any other person arising by reason of any breach or
nonperformance of any covenant or condition hereof. Landlord shall
not be liable to Tenant for any damage sustained by it due to
defects or changes in condition in the premises, or any part of the
premises, of which the leased premises are a part, nor to any
person, nor to any goods or things of any person by reason of any
cause whatsoever, relating to or occurring in or on the leased
premises, or any other portion of the building of which the leased
premises are a part. Tenant shall defend any and all actions, suits
or proceedings which may be brought against landlord or in which
Landlord may be impeded or joined with others arising out of or in
any way associated with Tenant’s use or occupancy of the leased
premises and shall satisfy, pay and discharge any and all judgments,
orders and decrees that may be recovered against Tenant or Landlord
in any such action or proceedings.

 

 

	14.	 	Termination. Upon termination of this lease, Tenant shall
vacate the premises and deliver possession of the same to Landlord
with all improvements and fixtures located on or about the leased
premises in working order and in as good a condition as when the
same were installed, reasonable wear and tear excepted.
	 
	15.	 	Subordination by Tenant. Tenant agrees that he will, upon
request of Landlord, at all times during the Lease, execute such
instruments and documents as may be required by Landlord for the
purpose of subordinating Tenant’s interest to the lien of any
mortgage or mortgages, or renewal, replacement or extension thereof,
which the Landlord may desire to place against said premises,
however, that such action shall not require the payment of any money
by Tenant other than as provided by the terms of this Lease.
	 
	16.	 	Notices. Notices required or permitted to be given under law
or under the terms of this Lease shall be delivered as follows
unless changed in writing by either party.
	 
	 	 	TO LANDLORD:
	 
	 	 	DuPont & Fust Real Estate LLC

512 Valencia Rd.

Venice, Florida 34292
	 
	 	 	TO TENANT:
	 
	 	 	SinoFresh HealthCare, Inc.
   Paul
Morris Dr.

Englewood, FL
	 
	17.	 	Attorney’s Fees. In the event Tenant breaches any of the
terms of this agreement whereby the Landlord employs attorneys at
law to protect or enforce its right hereunder, Tenant agrees to pay
all reasonable attorneys’ fees, including appellate fees, if any, so
incurred by Landlord.
	 
	18.	 	Miscellaneous Provisions. This agreement may not e modified
or amended except in writing signed by both parties. The agreement
is binding upon the heirs, successors and assigns of the parties.
Time is of the essence of this agreement.
	 
	19.	 	In the event SinoFresh HealthCare, Inc., is acquired, or is
the non-surviving party in a merger, or sells all or substantially
all of its assets, this Agreement shall not be terminated and
SinoFresh HealthCare, Inc., agrees to ensure that the transferee or
surviving company is bound by provisions of this agreement.

 

 

     IN WITNESS WHEREOF the parties have hereunto set their hands and seals the
day and year first above written.

	 	 	 
	Executed in our presence:

	 	LANDLORD
	 
	 	 
	

	 	[Illegible]
	
 

	 	
 
	 
	 	 
	[Illegible]
	 	 
	

	 	 
	As to Landlord
	 	 
	 
	 	 
	

	 	TENANT
	 
	 	 
	

	 	[Illegible]
	
 

	 	
 
	 
	 	 
	[Illegible]
	 	 
	

	 	 
	As to TenantEx-10.14 February 1, 2001 Invest Linc II Allonge

 

EXHIBIT 10.14

ALLONGE

          This Allonge is attached to and made an integral part of that certain
Promissory Note (the “Note”) dated February 1, 2001, in the original principal
amount of three hundred sixty thousand Dollars ($360,000) from SinoFresh
Laboratories, Inc., an Alabama corporation (“Company”) in favor of Invest Linc
Equity Fund II, a Nevada limited partnership (“Lender”), which entity is
currently the owner and holder of the Note and of all indebtedness evidenced
thereby. Terms used herein with initial capital letters, to the extent not
otherwise defined herein, shall have the meanings given such terms in the Note.

          The Note was executed and delivered pursuant to that certain Security
Agreement dated February 1, 2001, between Company and Lender (the “Loan
Agreement”). The undersigned (“SFH”) has executed and delivered in favor of
Lender an Assumption Agreement pursuant to which the undersigned has assumed
certain of the “Obligations” under the Loan Agreement, including without
limitation the obligations evidenced by the Note, as amended hereby. This
Allonge is being executed and delivered in order to further implement the terms
and provisions of the Assumption Agreement. SFH hereby assumes all obligations
of Company in respect of the Note, to the same extent as if SFH had been an
original party as “Company” to the Note, as amended hereby. Lender shall be
entitled to enforce all of the obligations of Company under the Note against
each of Company and SFH, jointly and severally. From and after the date of this
Allonge, all references in the Note to Company shall mean and include both
Company and SFH.

          All terms and conditions of the Note, with respect to Company, shall
remain in full force and effect. The undersigned hereby expressly ratifies and
affirms all such terms and conditions as of the effective date hereof subject
to the following amendments:

	(a)	 	Section 2, with respect to SFH, rather than
referring to the IRR, shall refer to the 2002 Stockholders
Agreement of SinoFresh HealthCare, Inc., dated as of the date
hereof.
	 
	(b)	 	Section 3, with respect to SFH, instead shall read:

	 	 	“Until this Note is completely retired the
undersigned shall make payments on this Note
as follows: (i) $72,000 toward the interest
and principal amount upon execution of the
Assumption Agreement, (ii) $72,000 toward
principal and interest on or before February
15, 2003 and (iii) $54,000 toward principal
and interest quarterly thereafter until full
repayment is made. In addition, on February
15, 2003, the undersigned shall make a
payment of $1,080 which shall not be
considered a part of principal or interest on
the Note. Interest shall accrue and be
computed at the rate of ten percent (10%) per
annum on the unpaid principal balance of this
Note for the period from the date of this
Note until the date of such interest payment.
All payments shall first be applied to
interest and then to principal.
Notwithstanding any provision to the
contrary, if SFH issues equity securities in
exchange for cash and, at any time, twenty
percent (20%) of the total cash received
exceeds the amount of principal and

 

 

	 	 	interest paid on this Note while this Note
remains outstanding (the amount in excess of
the amount of principal and interest paid on
this Note while this Note remains outstanding
up to and including twenty percent (20%) of
total cash received shall be referred to
herein as the “Excess Amount”), then that
Excess Amount shall be paid immediately to
Lender. On the Maturity Date, the
undersigned shall pay the holder all unpaid
principal and interest on this Note.
	 
	 	 	Principal and interest shall be payable at
the most recent address as the Registered
Holder shall have designated to SFH in
writing. This Note is subject to optional
prepayment, in whole or in part from time to
time, by SFH upon fifteen (15) days prior
written notice to the holder. At any time
prior to such prepayment, the holder shall
have the right to convert his Note in whole
or in part into Series C Preferred Stock of
SFH as provided in Section 6 below.”;

	(c)	 	Section 5, the definitions of Maturity Date and
Primary Documents, with respect to SFH, instead shall read:

	 	 	‘Maturity Date’ shall mean the earlier of
June 30, 2004 or when the Excess Amount and
any other amounts paid on this Note in the
aggregate equal the amount due under this
Note.
	 
	 	 	‘Primary Documents’ shall mean: This Note, as
amended by this Allonge and the Security
Agreement, as amended by the Assumption
Agreement by and between Lender and SFH of
even date herewith”;

	(d)	 	Section 6(a), with respect to SFH, the term “Common
Stock” shall be deleted and replaced with “Series C Preferred
Stock.”
	 
	(e)	 	Section 6(b), with respect to SFH, instead shall
read:

	 	 	“For purposes hereof the term ‘Applicable
Conversion Price’ shall mean the lowest cash
price per share of Series C Preferred Stock
of SFH paid by the investors represented by
Sargon Capital, Inc. as it may be adjusted
from time to time by any pro rata non-cash
distributions to holders of shares of Series
C Preferred Stock of SFH, including without
limitation, stock dividends, stock splits and
securities issued in a recapitalization.”;

	(f)	 	Section 7(m), (n) and (o), with respect to SFH, are
deleted;

2

 

	(g)	 	Section 8(a)(i), with respect to SFH, instead shall
read:

	 	 	“(i) Sell, transfer, lease, otherwise
dispose of, mortgage, assign, pledge, grant a
security interest in, or otherwise encumber
any of the Company’s property, except with
respect to outsourced manufacturing providers
being granted a lien in product made by such
provider, which shall include, but not be
limited to, Acumed, Inc., provided however,
that as long as the Company receives
reasonably equivalent value in return the
Company is permitted to (A) sell, transfer,
lease or otherwise dispose of assets that are
obsolete and worn out or which are no longer
necessary for the operation of the business
of the Company, or (B) sell manufactured or
assembled goods in the ordinary course of
business”;

	(h)	 	Section 8(a)(iii), with respect to SFH, is modified
to read as follows:
	 
	 	 	issue any additional stock, whether common or preferred
except for shares of common stock and Series A, B and C
preferred Stock previously issued and any shares of stock
issued for fair value; provided that Lender’s equity
interest in SFH shall not be diluted by such issuance,
unless and until the Note has been paid in full.
	 
	(i)	 	Section 8(a)(iv), with respect to SinoFresh
Laboratories, Inc. language regarding ceasing operations,
liquidating or dissolving is hereby deleted;
	 
	(j)	 	Section 8(c), with respect to SFH, is deleted;
	 
	(k)	 	Section 8(d), with respect to SFH, rather than
referring to the sum of $400,000, shall refer to the sum of
$1,000,000;
	 
	(1)	 	Section 8(i), with respect to SFH, shall be amended
to include the language:

	 	 	“except the Company shall be allowed to
change its place of business in the State of
Florida once within one year of this
Agreement’

	(m)	 	Section 8(1), with respect to SFH, is modified to
read as follows:
	 
	 	 	issue any shares of its capital stock or other securities of any
kind except as permitted in exchange for the Note, those shares
of common stock and Series A, B, and C stock previously issued
and those shares of stock issued for fair value; provided that
Lender’s equity shall not be diluted by such issuances unless and
until the Note has been paid in full.
	 
	(n)	 	Section 8(n), with respect to SFH, is deleted; and

3

 

	(o)	 	Section 21 shall be deleted and the following
provision substituted therefor:

	 	 	“Survival. Sections 5 and 11-21 (and any
other provision which by its terms
contemplates such survival) shall survive the
repayment of the amounts due under this
Note.”

                    IN WITNESS WHEREOF, the undersigned has executed and delivered this
Allonge as of November 15, 2002.

	 	 	 	 	 
	 	 	SinoFresh HealthCare Inc., a Delaware corporation
	 
	 	 	 	 
	

	 	By:
	 	/s/ Andrew Badolato
	

	 	 	 	
 
	

	 	 	 	Name: Andrew Badolato
	

	 	 	 	Title: President
	 
	 	 	 	 
	 	 	CONSENTED AND AGREED TO effective as of the 16th day of December, 2002:
	 
	 	 	Invest Linc Equity Fund II, a Nevada limited partnership
	 
	 	 	 	 
	

	 	By:
	 	/s/ Craig Terrill
	

	 	 	 	
 
	

	 	 	 	Name: Craig Terrill
	

	 	 	 	Title: General Partner

4

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