Document:

Prepared by R.R. Donnelley Financial -- Stock Purchase and Sale Agreement

  
 EXHIBIT 10.1 
  
 FINAL VERSION 3-27-02 
 PLATINUM OF ILLINOIS, INCORPORATED 
 STOCK PURCHASE/SALE AGREEMENT 
  
 THIS STOCK PURCHASE/SALE AGREEMENT, hereinafter the “Agreement,” is made and entered into as of the 27th day of March 2002, by and between SHELIA LICHTY and LINDA SONNENSCHEIN, hereinafter referred to
as the “SELLERS,” and VGC HOLDINGS, INC, A COLORADO CORPORATION, or its Designee/Nominee/Assignee hereinafter referred to as “BUYER.” 
  

RECITALS 
  
 WHEREAS,
the SELLERS are the owners of 100% of the issued and outstanding stock of an Illinois Corporation identified as the PLATINUM OF ILLINOIS, INCORPORATED, d/b/a “The Platinum Club,” whose principal business
premises is located at 215 Madison, Brooklyn, Illinois, and, 
  
 WHEREAS, the SELLERS intend and
desire to sell, and the BUYER intends and desires to purchase, all of the SELLERS’ interest in their PLATINUM OF ILLINOIS, INCORPORATED stock, on the terms and conditions hereinafter stated; 

  
 NOW, THEREFORE, in furtherance of the parties intents and desires, and in consideration of the
premises and mutual covenants and agreements between the parties as hereinafter set forth, and for other good and valuable consideration, the receipt, adequacy and sufficiency of which are hereby acknowledged, the parties agree as follows:

  
 SECTION I 
  
 TERMS OF SALE 
  

	 	1.1
	 
	SALE OF STOCK:    SELLERS shall sell to BUYER, and BUYER shall purchase and acquire from SELLERS, free of all liabilities and
encumbrances, except as hereinafter provided, and subject to all the terms and conditions hereinafter set forth, all of the right, title and interest of SELLERS in and to the stock of PLATINUM OF ILLINOIS, INCORPORATED. 

  

	 	1.2
	 
	ASSETS OF PLATINUM OF ILLINOIS, INCORPORATED:    The Assets of the PLATINUM OF ILLINOIS, INCORPORATED include, but are not limited to
the equipment, furnishings, fixtures, inventory, and other personal property situated on, and utilized in, the current operation of ThePlatinumClub as an adult entertainment nightclub-liquor bar-restaurant,
featuring live, topless and nude entertainment. 
 

 

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	 	1.3
	 
	LIQUOR LICENSE:    The “Assets” include a Liquor License that is identified as Brooklyn Liquor License # 2001-023-04
and Illinois Liquor License # 01-1A- 0014399. [Copies of these Licenses are attached to this Agreement]. 
 

  

	 	1.4
	 
	EXCLUDED ASSETS:    The following assets are excluded from this stock sale transaction: 

  

	 	(i)
	 
	All cash and amounts on deposit with financial institutions and all accounts receivable due and payable to PLATINUM OF ILLINOIS, INCPORPORATED at the moment of
Closing. 
 

  

	 	(ii)
	 
	All deposits of the PLATINUM OF ILLINOIS, INCORPORATED including, but not limited to, deposits with utilities, insurers, and tax authorities. 

  

	 	(iii)
	 
	All claims, rights and causes of action against third parties accrued to SELLERS and/or PLATINUM OF ILLINOIS, INCORPORATED up to the moment of Closing.

 

  

	 	(iv)
	 
	All credit card receivables accrued to PLATINUM OF ILLINOIS, INCORPORATED up to the time of Closing. 
 

  

	 	1.5
	 
	LEASE OF BUSINESS PREMISES:    This Agreement is conditioned on the BUYER executing a Lease Agreement with RELMSS Service, Inc.,
[referring to 215 Madison, Brooklyn, Illinois], whose terms are satisfactory to all parties, and whose execution is simultaneous with this Stock Purchase/Sale Agreement. A copy of the aforementioned Lease is attached to this Agreement and marked
Exhibit C-Document C. 
 

  

	 	1.6
	 
	TRADENAME:    To the extent that the SELLERS have an interest in the name “The Platinum Club,” the SELLERS here
assign any such interest in total to the BUYER as part of the assets included with this sale. SELLERS make no representations with regard to the trade name The Platinum Club, and convey by this Agreement only such interest as they have.

 

  

	 	1.7
	 
	STOCK PURCHASE PRICE:    The parties agree the Purchase Price for all of the SELLERS stock is Two Million ($2,000,000.00) Dollars.
The parties further agree this Stock Purchase Price shall be paid by the BUYER to the SELLERS as follows: 
 

  
 
	 Non-Refundable Deposit on Execution of this Agreement
 	  	 $
 	 100,000.00
 
	 [To be paid in the form of two cashiers checks in the amount of $50,000.00. each, payable to Shelia Lichty
for $50,000.00 and $50,000.00 to Linda Sonnenschein]
 
	 
	 At Closing
 	  	 $
 	 1,900,000.00
 

 
 

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	 [To be paid in the form of two cashiers checks in the amount of $950,000.00 each, payable to Shelia Lichty for
$950,000.00 and $950,000.00 to Linda Sonnenschein]
 

 
  

	 	1.8
	 
	INDEMNIFICATION:    SELLERS agree to indemnify BUYER and hold BUYER harmless as to any expenses, damages, losses, or liabilities
incurred by BUYER as a direct result, and arising out of, SELLERS’ operation of PLATINUM OF ILLINOIS, INCORPORATED prior to Closing this transaction, or as a result of any breach of any of SELLERS’ representations or warranties in this
Agreement. 
 

  

	 	1.9
	 
	OFFSET OF INDEMNIFICATION LIABILITIES.    At the Closing of this Agreement Buyer, as Tenant, will execute and enter into a
“Lease Agreement for 213-215 Madison, Brooklyn, Illinois” with RELMSS Service, Inc. as Landlord (the “Lease”). Under the Lease Tenant is required to pay base rent in the amount of $15,000 per month, and at the end of a five-year
lease term shall have the option to purchase the leased premises for a purchase price of $900,000. 
 

  
 Although RELMMS Service, Inc. has no interest in the Platinum of Illinois Stock Sale it does acknowledge that it will benefit from the aforementioned Lease Agreement that is a condition of the Stock Sale transaction, and that in
the absence of its agreement to indemnify the Buyer for the expenses, damages, losses or liabilities incurred by Buyer as a direct result of, and arising out of, Sellers operation of Platinum of Illinois, Incorporated, and for this reason RELMSS
Service, Inc. (“Landlord”), and the Tenant, agree to enter into an Offset Agreement at Closing, the substance of which shall be that Buyer shall be allowed to offset against its Lease Payments (defined below) all damages owing from Sellers
pursuant to Paragraph 1.8 above; 
  
 Tenant’s allowances here are conditioned on Tenant providing
notice to the Landlord/RELMSS Service of any activity or event that it believes gives rise to an indemnification claim, to also, simultaneous-with notice to Landlord, provide all materials and information to the Landlord/RELMSS Service upon which
Tenant bases its indemnification claim, to provide Landlord/RELMSS Service, Inc, the opportunity to defend any such third party claim, and to not offset any amounts of Rent or Option Sale Price until any defense that the Landlord/RELMSS Service,
Inc. has initiated has been concluded  Landlord’s execution of the Offset Agreement shall be a condition to Buyer’s obligation to close this transaction. 
  

	 	1.10
	 
	PRORATION:    SELLERS and BUYER agree to prorate utilities, prepaid insurance, taxes and rent expenses relating to PLATINUM OF
ILLINOIS, INCORPORATED Club business, with SELLERS being responsible to the extent said expenses and charges relate to any time period before the closing of this transaction, and the BUYER shall be responsible to the extent such
expenses and 
 

 

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 charges relate to any period of time after the closing this transaction. These prorations shall be
adjustments to sums due at Closing. 
  

	 	1.11
	 
	TRANSFER OF UTILITY ACCOUNTS:    BUYER agrees to put all utility accounts related to PLATINUM OF ILLINOIS, INC. [for its business at
215 Madison in Brooklyn] in the name of BUYER or its Designee, Nominee / Assignee as of Closing this transaction. SELLER shall be responsible for Final utility company Statements up to the time of Closing this transaction. 

  

	 	1.12
	 
	TRANSFER EXPENSES:    The BUYER agrees to pay any expenses associated with any license transfer or recording expenses or expenses
related to notices of Change of Agents, Officers, Shareholders or Amended Annual Report. 
 

  

	 	1.13
	 
	CLOSING DATE:    The Closing Date is on or before close of business on May 1, 2002. or at such other time as
agreed by SELLERS and BUYER in writing. Closing shall occur at the PLATINUM OF ILLINOIS, INCORPORATED offices in Brooklyn, Illinois, or such other place as the parties agree in writing. 
 

  

	 	1.14
	 
	BUYER POSSESSION OF LEASED PREMISES/THE ASSETS:    Actual possession of the Assets and the 215 Madison, Brooklyn, Illinois leasehold
referenced above shall occur simultaneous with Closing this transaction and complete payment of the sums due at Closing pursuant to this Agreement. 
 

  

	 	1.15
	 
	INCORPORATION OF EXHIBITS:    The parties agree that all of the Exhibits referenced in this Agreement shall be incorporated into this
Agreement and are as effective as integral and material parts of this Agreement. 
 

  
 SECTION
II 
  
 REPRESENTATIONS AND WARRANTIES OF THE SELLERS 
  

Sellers make the following representations and warranties to Buyer. All representations and warranties that are made are made to the best of Sellers’ pro-closing
knowledge and shall refer to the actual knowledge of Sellers, as well as the pro-closing officers and directors of Platinum of Illinois, Incorporated. Sellers’ representations and warranties shall survive the Closing for a period of five years.

  

	 	2.1
	 
	CORPORATE ORGANIZATION:    SELLERS represent and warrants that they are the Directors of PLATINUM OF ILLINOIS, INCORPORATED,
and that they are all the shareholders of PLATINUM OF ILLINOIS, INCORPORATED, and that PLATINUM OF ILLINOIS, INCORPORATED is an Illinois domestic, for-profit corporation, duly organized, validly existing and in good standing under

 

 

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 the laws of the State of Illinois, with all the requisite corporate power and authority to conduct any lawful business in
the State of Illinois, and otherwise to carry on its operation and business as it is now being conducted at the premises at 215 Madison, Brooklyn, Illinois. 
  

	 	2.2
	 
	CORPORATE ORGANIZATION:    The SELLERS have the necessary and requisite power to enter into this Agreement and this Agreement has
been duly authorized and ratified by the PLATINUM OF ILLINOIS, INCORPORATED corporation Board of Directors to the extent relevant. 
 

  

	 	2.3
	 
	NO VIOLATION OF ARTICLES OR BYLAWS:    Neither the execution and delivery of this Agreement by the SELLERS, or the performance by the
SELLERS of their obligations hereunder, nor the consummation by them of the transactions contemplated by this Agreement (a) Violate any provision of the Articles of Incorporation or Bylaws of PLATINUM OF ILLINOIS, INCORPORATED or (b) to the best of
the SELLERS’ knowledge, violate any statute or law or any judgment, decree, order, regulation or rule of any court or government authority to which the SELLERS or PLATINUM OF ILLINOIS, INCORPORATED are subject, and which would have a material
adverse effect on the Business taken as a whole. 
 

  

	 	2.4
	 
	LITIGATION:    To the best of the SELLERS’S knowledge there is no litigation, arbitration, or administrative proceeding pending
or threatened against PLATINUM OF ILLINOIS, INCORPORATED or the assets of PLATINUM OF ILLINOIS, INCORPORATED. 
 

  

	 	2.5
	 
	KNOWLEDGE OF CURRENT VIOLATIONS/ADMINISTRATIVE ACTIONS INVOLVING PLATINUM OF ILLINOIS, INCORPORATED:    PLATINUM OF ILLINOIS,
INCORPORATED is not in violation of any order, judgment, injunction or decree outstanding against it the effect of which would be materially adverse to the Business taken as a whole. 
 

  

	 	2.6
	 
	NO WARRANTIES:    SELLERS make no warranty of fitness or merchantability respecting the tangible Assets of PLATINUM OF ILLINOIS,
INCORPORATED. This provision does not apply to PLATINUM OF ILLINOIS, INCORPORATED liquor license, which is warranted by SELLERS to be current and in good standing. 
 

  

	 	2.7
	 
	NO WARRANTY AS TO CONDITION OF 215 MADISON, BROOKLYN, ILLINOIS:    The SELLERS make NO WARRANTY as to the quality or condition of the
premises at 215 Madison, Brooklyn, Illinois. BUYER shall make all inspections it believes are warranted to assure itself of the suitability and condition of the aforesaid premises. 
 

 

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	 	2.8
	 
	ZONING AND PERMITTED USES OF THE PLATINUM OF ILLINOIS, INCORPORATED BUSINESS PREMISES:    215 Madison is zoned Commercial and
PLATINUM OF ILLINOIS, INCORPORATED current use of the premises as an adult cabaret, bar and restaurant, featuring live, nude entertainment and liquor by the drink is a permitted use of the property. 
 

 

	 	2.9
	 
	TAX RETURNS.    The SELLERS as Directors of PLATINUM OF ILLINOIS, INCORPORATED have caused to be filed all applicable federal, state
and local taxes and assessments, including without limitation, ad valorem, sales, use, excise, franchise, income, real property and personal property taxes on behalf of PLATINUM OF ILLINOIS INCORPORATED. Sellers warrant that all tax returns
filed by or on behalf of Platinum of Illinois, Incorporated are substantially accurate, and shall not to the best of Sellers’ knowledge result in any deficiency claim or any material adjustment to amounts reported, and shall not give rise to
any liability for additional tax, interest or penalty. Sellers also warrant that no examination of any of the tax returns of Platinum of Illinois, Incorporated is pending, and that neither they nor Platinum of Illinois, Incorporated has been
notified by any taxing authority of an intent to conduct an examination of any such tax return. 
 

  

	 	2.10
	 
	TITLE TO ASSETS:    SELLERS warrants that PLATINUM OF ILLINOIS, INCORPORATED has good, marketable unencumbered title to the Assets
referred to herein free and clear of all liens, claims and encumbrances. 
 

  

	 	2.11
	 
	CURRENT LEASE NEVER IN DEFAULT:    SELLERS warrant that neither they nor PLATINUM OF ILLINOIS, INCORPORATED have ever been in
default of any Lease applicable to the PLATINUM OF ILLINOIS, INCORPORATED business premises. 
 

  

	 	2.12
	 
	REPRESENTATIONS RESPECTING CUSTOMERS AND EMPLOYEES:    The SELLERS makes no warranty or representation that the present customers of
the business will continue patronizing The Platinum Club following the BUYER’S execution or closing of this Agreement, or that the PLATINUM OF ILLINOIS, INCORPORATED current employees will continue to remain as employees of
PLATINUM OF ILLINOIS, INCORPORATED after the execution or Closing of this transaction. 
 

  

	 	2.13
	 
	INSURANCE;    Platinum of Illinois, Inc. has maintained in full force and effect a policy of general liability insurance from March
3, 1992 to the date of Closing without any lapses in coverage. 
 

  

	 	2.14
	 
	OWNERSHIP OF SHARES OF STOCK:    The Ten (10) shares of common stock of Platinum of Illinois, Inc. that the Sellers shall convey to
the Buyer pursuant to this Agreement represent l00% of all issued and outstanding stock of 
 

 

 6 

 the Corporation. There are no other shares of common stock issued and outstanding, nor any options, warrants or debt
instruments convertible into stock, nor any other equity interest in Platinum of Illinois, Inc. that are, or at Closing shall be, issued and outstanding. Only one class of stock, common capital stock, is authorized and only Ten (10) shares of common
capital stock have ever been issued from the date of incorporation of Platinum of Illinois, Inc. to the present. 
  
 SECTION THREE 
  
 REPRESENTATIONS AND WARRANTIES OF BUYER 

 
 BUYER hereby represents and warrants to the SELLERS as follows: 
  

	 	3.1
	 
	FINANCIAL ABILITY TO PURCHASE THE STOCK OF SELLERS AND SELLERS’ RELIANCE ON FINANCIAL INFORMATION:    The BUYER
represents and warrants that it has, or has immediate access to, funds sufficient to purchase the SELLERS stock, within the time periods, and within the manner and at the amounts specified in this Agreement. 

  

	 	3.2
	 
	BUYER’S ACKNOWLEDGMENT OF SELLERS’ RELIANCE ON BUYER REPRESENTATIONS:    BUYER acknowledges that SELLERS has placed great
reliance on the veracity of BUYER’S statements that it has the financial ability to complete the transaction set out in this Agreement. 
 

  

	 	3.3
	 
	IDENTITY OF BUYER AND SUBSTITUTION THEREOF.    The BUYER is represented and identified as VGC HOLDINGS, INC, a Colorado
corporation. BUYER represents that it is duly organized and validly existing Colorado corporation, with all the requisite power and authority to transact the business which is the subject matter of this Agreement, and that this Agreement
has been duly authorized by the Board of Directors of VGC Holdings, Inc. 
 

  

	 	3.4
	 
	BINDING OBLIGATION OF BUYER:    BUYER warrants, represents and agrees this Agreement is a legal, valid and binding obligation of the
BUYER. 
 

  

	 	3.5
	 
	QUALIFICATIONS TO HOLD ILLINOIS LIQUOR LICENSE.    The BUYER represents that it is familiar with Illinois liquor law regarding
qualifications to hold an Illinois liquor license and further represents that the BUYER corporation and its directors, shareholders, agents and officers are qualified and eligible to possess an Illinois liquor license or permit to dispense
alcoholic beverages. 
 

  

	 	3.6
	 
	NO VIOLATION:    Neither the execution and delivery of this Agreement by the BUYER, the performance by the BUYER of its
obligations hereunder, nor the consummation by it of the transactions contemplated by this Agreement will (a) 
 

 

 7 

 violate any provision of the Articles of Incorporation or Bylaws of the BUYER, or (b) to the best of the
BUYER’S knowledge, violate any statute or law or any judgment, decree, order, regulation or rule of any court or government authority to which the BUYER is subject. 
  

	 	3.7
	 
	CORRECTIONS TO IDENTIFY NEW SHAREHOLDERS:    BUYER agrees after Closing that it will delete and correct any materials or references
it receives from third parties showing Shelia Lichty or Linda Sonnenschien as having any position or ownership of PLATINUM OF ILLINOIS, INCORPORATED. BUYER agrees to not hold itself or PLATINUM OF ILLINOIS, INCORPORATED out,
after Closing, as having any connection with Shelia Lichty or Linda Sonnenschien. 
 

  

	 	3.8
	 
	BUYER INSPECTION OF 215 MADISON, BROOKLYN, ILLINOIS:    The BUYER agrees it has fully inspected 215 Madison, Brooklyn, Illinois, [the
business premises of PLATINUM OF ILLINOIS, INCORPORATED ], including but not limited to inspection focused corporate tangible assets, existing equipment, fixtures, structural, electrical, plumbing, roof, heating-ventilation-air conditioning
systems, plate glass, decorative glass, interior or exterior finish, and exterior paving systems, and accepts the Premises to be leased in AS IS/WHERE IS, ALL FAULTS AND CONDITIONS ACCEPTED condition. 
 

 
 SECTION FOUR 
  
 ADDITIONAL COVENANTS 
  

	 	4.1
	 
	DOCUMENTS ON AGREEMENT EXECUTION:    On execution of this Agreement the BUYER and SELLERS shall each receive a
fully executed copy of this Agreement, all Exhibits and Attachments to this Agreement including the following Documents: 
 

  
 
	 Document Number 1
 	  	 Articles of Incorporation-PLATINUM OF ILLINOIS INCORPORATED. [Attached]
 
	 Document Number 2
 	  	 2001-Year end Profit and Loss Statement from PLATINUM OF ILLINOIS, INCORPORATED. [Alreadysupplied to BUYER].
 
	 Document Number 3
 	  	 LEASE AGREEMENT, referring to 215 Madison, Brooklyn, Illinois, between RELMSS Service, Inc. as Lessor, and VGC HOLDINGS, INC, A COLORADO CORPORATION, as
Lessee, to be executed simultaneous with this Agreement. [Attached].
 
	 Document Number 4-5
 	  	 SELLERS Shares in PLATINUM OF ILLINOIS, INC. endorsed to VGC, HOLDINGS, INC., or its Designee/Nominee/Assignee.
 

 
 

 8 

 
	 Document 6
 	  	 The stock book and stock transfer record of Platinum of Illinois, Inc.
 
	 Document 7
 	  	 The original stock certificates representing all 10 shares of common stock owned by sellers, endorsed in blank and in suitable form for transfer to
Buyer.
 
	 Document 8
 	  	 All business, financial accounting and tax records of Platinum of Illinois, Inc., without exception.
 
	 Document 9
 	  	 Offset Agreement of Landlord and Tenant as described in paragraph 1.9 of this Agreement.
 

 
  

	 	4.2
	 
	CLOSING DOCUMENTS.    In addition to the above, at Closing Date the SELLERS shall deliver to the BUYER the following.

 

  

	 	(i)
	 
	PLATINUM OF ILLINOIS, INCORPORATED Corporate Book and Seal. 
 

  

	 	(ii)
	 
	Any existing maintenance and/or warranty records related to Assets conveyed by this Agreement. 
 

  

	 	(iii)
	 
	Resolutions of the PLATINUM OF ILLINOIS, INCORPORATED Board of Directors and Shareholders of the SELLERS accepting resignations of Officers and Directors
and acknowledging this sale, and appointing Troy Lowrie or his designee a Director and President of PLATINUM OF ILLINOIS, INCORPORATED. 
 

  

	 	4.3
	 
	BUYER TO DELIVER TO SELLER:    At Closing the BUYER shall deliver to the SELLERS the following: 

  

	 	(i)
	 
	Two Cashiers’ checks in the amount $950,000.00 each payable to Shelia Lichty and Linda Sonnenschien respectively. 
 

 

	 	(ii)
	 
	Written Acknowledgment and Ratification of VGC HOLDINGS, Inc. authorizing and ratifying this Agreement. 
 

  
 SECTION FIVE 
  
 CONDITIONS PRECEDENT 
  

	 	5.1
	 
	CONDITIONS OF SELLERS:    The obligations of the SELLERS hereunder are subject to satisfaction of each of the following
conditions (all of which may be waived in whole or in part by the SELLERS) on or prior to the Closing Date: 
 

  

	 	(i)
	 
	BUYER shall provide evidence, satisfactory to the SELLERS, and prior to the close of business on March 28, 2002 that it has the financial ability
to close this transaction, less any deposits made. 
 

 

 9 

	 	(ii)
	 
	That the representations and warranties of the BUYER are true and correct. 
 

  

	 	(iii)
	 
	BUYER shall have delivered to the SELLERS, on or before close of business on March 28, 2002, a BUYER executed original of this Stock
Purchase-Sale Agreement, along with the requisite $100,000.00 non- refundable deposit payable to SELLERS [$50,000.00 payable to each Seller] in cashiers check funds. 
 

  

	 	(iv)
	 
	On or before March 28, 2002, a certified copy of the resolutions of the Board of Directors and Shareholders of the BUYER duly authorizing the execution,
delivery and performance of this Agreement, and accepting and agreeing to all the terms and conditions herein. 
 

  

	 	(v)
	 
	Simultaneous with Closingthis Stock Purchase Agreement
BUYER shall obtain a Lease for the premises of 215 Madison, Brooklyn, Illinois. 
 

  

	 	5.2
	 
	CONDITIONS OF THE BUYER:    The obligations of the BUYER hereunder are subject to satisfaction of each of the following
conditions (all or any part of which may be waived by the BUYER) on or prior to the Closing Date: 
 

  

	 	(i)
	 
	The Representations and Warranties of the SELLERS contained in this Agreement shall be true and correct. 
 

  

	 	(ii)
	 
	BUYER shall obtain a Lease for the premises of 215 Madison, Brooklyn, Illinois. 
 

  

	 	(iii)
	 
	Landlord and Tenant shall have mutually executed and delivered to each other the Offset Agreement described in paragraph 1.9. 
 

 
 In the event SELLER does not close the AGREEMENT for the purchase of the stock of Platinum of
Illinois, Incorporated because of a failure of any of the foregoing conditions’ the deposit paid by BUYER pursuant to Paragraph 1.7 shall be returned to BUYER, notwithstanding any contrary provision of this Agreement.

  
 SECTION SIX 
  
 MISCELLANEOUS 
  

	 	6.1
	 
	CONFIDENTIALTY:    The BUYER and the SELLERS agree to keep the terms and timing related to this Agreement confidential.
Release of information contained in this Agreement to persons who are not principals, counsel, accountants, lenders of BUYER or SELLERS, or immediate staff to BUYER or SELLERS, could impair the operation and continuity of
the SELLERS Business pending the Closing Date. 
 

  

	 	6.2
	 
	COOPERATION:    BUYER and SELLERS agree to cooperate with one another 
 

 

 10 

 to assure a smooth transition of business ownership. 
  

	 	6.3
	 
	FURTHER ASSURANCES:    SELLERS and BUYER jointly and severally agree to use their best efforts to obtain any consents
or approvals by any third party of Government authority or agency, which are required or deemed desirable by BUYER in connection with the completion of the transactions contemplated by this Agreement. 
 

 

	 	6.4
	 
	AMENDMENT-MODIFICATION:    THIS AGREEMENT MAY NOT BE AMENDED EXCEPT BY AN INSTRUMENT IN WRITING SIGNED ON BEHALF OF EACH OF
THE PARTIES HERETO. 
 

  

	 	6.5
	 
	FEES AND EXPENSES:    Except as otherwise provided herein, the parties hereto shall bear their own costs and expenses incurred in
connection with this transaction. 
 

  

	 	6.6
	 
	BROKERAGE.    The BUYER and SELLERS agree there is NO brokerage obligation or relationship related to this transaction.

 

  

	 	6.7
	 
	NOTICES TO THIRD PARTIES, VENDORS.    Following the Closing Date the SELLERS will notify all persons-entities-government
agencies and regulatory authorities which had any business or regulatory relationship with the SELLERS that the SELLERS have sold their interest in the business and stock of PLATINUM OF ILLINOIS, INCORPORATED, and that the
SELLERS are no longer involved in any business at the 215 Madison, Brooklyn, Illinois location. 
 

  

	 	6.8
	 
	BULK SALES.    The parties agree UCC Bulk Sales provisions are not applicable. 
 

  

	 	6.9
	 
	ASSIGNMENT.    No party shall assign this Agreement or any of its rights and obligations hereunder without the prior written consent
of the other party. 
 

  

	 	6.10
	 
	SUCCESSORS AND ASSIGNS.    This Agreement shall be binding upon and inure to the benefit of the parties hereto, their heirs, legal
representatives, successors and permitted assigns. 
 

  

	 	6.11
	 
	PRESERVATION OF THE BUSINESS.    Without purporting to make any commitment on behalf of BUYER, SELLERS shall exercise all
reasonable efforts to: (i) preserve the present relationship of PLATINUM OF ILLINOIS, INCORPORATED with all persons having business dealings with PLATINUM OF ILLINOIS, INC., (ii) preserve and maintain in force all licenses, permits,
registrations, franchises, and other similar rights applicable to PLATINUM OF ILLINOIS, INCORPORATED, and (iii), preserve PLATINUM OF ILLINOIS, INCORPORATED’s customer base. 
 

 

 11 

  

	 	6.12
	 
	NOTICE OF BREACH OR FAILURE OF CONDITION.    BUYER will give notice promptly to SELLERS of the occurrence of any event
or the failure of any event to occur that would preclude the satisfaction of any term or condition contains herein. 
 

  

	 	6.13
	 
	NOTICES.    Any notice, demand or request required or permitted to be given under any provision of this Agreement shall be in writing
and delivered personally or by certified or registered mail (with return receipt requested, and postage prepaid) to the following address, or to such other address as either party may request by notice in writing to the other party: 

  
 
	 If to BUYER
 	 	 Troy Lowrie
 1601 W. Evans
 Denver, Colorado 80223
 
	 
	  	 	 and
 
	 
	  	 	 Michael Ocello
 1401 Mississippi Avenue
 Sauget, Illinois 62201
 
	 
	 If to SELLERS
 	 	 Michael Di Cavalcante, J.D
 11724 Hemlock Drive
 Overland Park, KS 66210
 Attorney for Sellers
 

 
  

	 	6.14
	 
	ENTIRE AGREEMENT.    This Agreement constitutes the entire agreement and understanding of the parties with respect to the subject
matter hereof, and supersedes any and all prior agreements, understanding, negotiations and discussions between the parties and/or their counsel on the subject of this Agreement or topic(s) related to this Agreement. No amendment, modification or
waiver of this Agreement shall be binding unless evidenced by an instrument in writing signed by the BUYER and SELLERS. 
 

  

	 	6.15
	 
	CONSTRUCTION.    The captions and headings of this Agreement are for convenience and reference only, and shall not control or effect
the meaning or construction of this Agreement. 
 

  

	 	6.16
	 
	CHOICEOFLAW.    This Agreement shall be construed, governed, and enforced in accordance with the laws of the State of
Illinois. 
 

  

	 	6.17
	 
	SEVERABILITY.    The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or
enforceability of any other provision hereof, and this Agreement shall be construed in all respects as if such invalid or 
 

 

 12 

 unenforceable provision had been omitted. The invalidity or unenforceability of any provision of this Agreement to any
person or circumstance shall not affect the validity or enforceability of such provision as it may apply to any other persons or circumstances. 
  

	6.18
	 
	WAIVER.    The failure in one or more instances of a party to insist upon performance of any of the terms, conditions and covenants
set forth in this Agreement, or the failure of a party to exercise any right or privilege conferred by this Agreement, shall not thereafter be construed thereafter as waiving their right to insist upon performance of such terms, conditions or
covenants or the rights to exercise such privileges and rights, which shall continue to remain in full force and effect as if no forbearance had occurred. 
 

  

	6.19
	 
	ATTORNEYS FEES.    In the event it becomes necessary for either party to file a suit to enforce this Agreement, or any provision
contained herein, and either party prevails in such action, then such part shall be entitled to recover, in addition to all other remedies and damages, reasonable attorneys fees and court costs incurred in such suit. 
 

 

	6.20
	 
	MEDIATION.    In the event of a dispute between the parties concerning the subject matter of this Agreement the parties agree to
first informally mediate their dispute prior to instituting any litigation. 
 

  

	6.21
	 
	COUNTERPARTS.    This Agreement may be executed in any number of counterparts, each of which shall be deemed an original instrument,
but all of which together will constitute for all purposes one and the same instrument. 
 

  

	6.22
	 
	FACSIMILE SIGNATURE.    The parties agree a facsimile signature shall be as effective as an original. 

  

	6.23
	 
	AGREEMENT NOT TO COMPETE.    The SELLERS, who are the sole shareholders of the PLATINUM OF ILLINOIS, INCORPORATED stock, agree that
for a period of three years after the Closing Date that they will not, directly or indirectly, own or have any interest in an adult oriented nightclub or bar, within fifteen (15) miles of Brooklyn, Illinois. 
 

 

	6.24
	 
	ASSISTANCE OF COUNSEL.    SELLERS states that it has had the assistance and counsel of Michael Di Cavalcante, Esq. in the review of
the terms and conditions of this Agreement; The BUYER states that it has had the assistance of Fred Cohen, Esq. and Ron Lewis, Esq., in the review of the terms and condition of this Agreement. 
 

  

	6.25
	 
	SURVIVAL OF COVENANTS, REPRESENTATIONS, WARRANTIES AND INDEMNIFICATION’S.    All covenants, representations and warranties made
by any party to this Agreement shall be deemed made for the purpose of inducing the 
 

 

 13 

 other party to enter into this Agreement. The representations and warranties made by either party in this Agreement shall
survive the Closing indefinitely. 
  
 SECTION SEVEN 
  
 AGREEMENT TERMINATION, BREACH, FAILURE TO PERFORM, 
 DEFAULT AND LIQUIDATED DAMAGES

  

	7.1
	 
	BUYER’S TERMINATION PRIOR TO CLOSING.    If the BUYER terminates this Agreement prior to closing then the $100,000.00
deposit paid by BUYER to SELLERS shall be retained by the SELLERS as liquidated damages of SELLERS in recognition of the (i), loss of opportunity to market and sell the subject stock, and (ii) the sizeable legal expense incurred
by SELLERS to negotiate and interact with BUYER representative concerning this Agreement. 
 

  

	7.2
	 
	SELLERS’ TERMINATION PRIOR TO CLOSING:    If Sellers terminate this Agreement prior to Closing/or any reason other than the
death or disability of one of the Sellers, or Buyer’s misrepresentation of Buyer’s Warranties and Represen-tations, or Buyer’s failure to perform pursuant to the terms of this Stock Purchase Agreement, then the Seller shall
return all of the Buyer’s $100,000,00 deposit and shall be liable to Buyer for liquidated damages in the amount of $100,000.00. Sellers acknowledge that the liquidated damages provision provided herein presents a good faith effort to
determine the damages that would be suffered by Buyer in the event of Sellers’ default, which damages are incapable of exact calculation, and that the liquidated damage amount is not a penalty. 
 

  
 SECTION EIGHT 
  
 DUE DILIGENCE 
  

	8.1
	 
	DUE DILIGENCE.    BUYER and SELLERS agree that SELLERS has provided BUYER access and information
concerning the financial affairs and operational systems of PLATINUM OF ILLINOIS, INCORPORATED. Notwithstanding this, the parties agree that during the fifteen-(15) days following execution of this Agreement the SELLERS shall provide
BUYER, its accountant and legal representatives whatever additional access to the business premises and records of PLATINUM OF ILLINOIS, INCORPORATED as BUYER requires to investigate the operation and affairs of PLATINUM OF
ILLINOIS, INCORPORATED. BUYER acknowledges that PLATINUM OF ILLINOIS, INCORPORATED has in its possession only records dating back to when SELLERS created PLATINUM OF ILLINOIS INCORPORATED. If, during or following, the
Due Diligence period the BUYER decides, unilaterally, to not proceed with Closing, the BUYER agrees the SELLERS shall retain the $100,000.00 non-refundable deposit without any further claim from BUYER. 

 

 14 

  
 SECTION NINE 
  

	9.1
	 
	1031 EXCHANGE:    The BUYER agrees to cooperate with the SELLERS to effect a transfer-sale of the Property, which is
the subject of this transaction, in conformity with IRC Section 1031 [tax free exchange] as long as any such cooperation does not alter SELLERS obligations to Buyer herein. 
 

  
 AGREED: 
  
  
 SELLERS 
  
  
 /s/    SHELIA LICHTY    03-27-02 
 
SHELIA LICHTY/SELLER/DATE 
  
  
 /s/    LINDA SONNENSCHEIN    03-27-02 
 
LINDA SONNENSCHEIN/SELLER/DATE 
  
  
 BUYER 
  
 VGC HOLDINGS, INC, A COLORADO CORPORATION 
  
  
 By:    /s/    TROY LOWRIE 

	 	

 [BUYER-Its Authorized Representative] 
 

 15Prepared by R.R. Donnelley Financial -- Lease Agreement dated March 27, 2002

  
 EXHIBIT 10.2 
  
 FINAL DRAFT VERSION 3-27-02 
 LEASE AGREEMENT FOR 213-215 MADISON, 

BROOKLYN, ILLINOIS 
  

	1.
	 
	PARTIES.    This Lease Agreement is made and entered into as of May 1,2002, by and between RELMSS Service, Inc. hereinafter referred
to as “Landlord,” and VGC HOLDINGS, INC, A COLORADO CORPORATION, hereinafter referred to as “Tenant.” 
 

  

	2.
	 
	PREMISES.    Landlord hereby leases to Tenant, and Tenant hereby leases from Landlord, upon the terms and conditions herein set
forth, a building, improvements and parking lot commonly known as 213-215 Madison, Brooklyn, Illinois, hereinafter referred to as the “Premises,” and more particularly described in the attached Legal Description marked Exhibit A.

 

  

	3.
	 
	LEASE TERM AND COMMENCEMENT DATE.    This Lease shall be for a term of five years, and shall commence on May 1, 2002, and shall end
on last day of April 31,2007, hereinafter referred to as the “Termination Date. “ 
 

  

	4.
	 
	RENT AND TRIPLE NET EXPENSES: 
 

  

	 	(i)
	 
	Base Rent for the Premises for the Lease Term is $900,000.00, which is to be paid in monthly, consecutive installments of $15,000.00/mo commencing with the
first such installment payment being paid to the Landlord on or before May 1,2002, and the same amount to be paid on the 1st day of each consecutive month thereafter for a total of sixty (60) installment payments, which covers the five (5)
year term of the Lease. 
 

	 	(ii)
	 
	Additional Rent consists of all expenses, INCLUDING ALL TAXES AND INSURANCE, related to ownership, occupancy, and operation of the Premises and any conducted or
maintained therein. Such expenses include, but are not limited to all real and personal property taxes, and all other expenses related to the upkeep and maintenance of the parking lot, the building structure, the HVAC, electrical, roof and plumbing
systems contained within or without the Premise. 
 

  

	5.
	 
	LATE FEES.    Tenant agrees to pay Landlord a late fee of 5% of the monthly lease payment amount on any monthly rent payment that has
not been received by the Landlord within ten (10) days of being due hereunder. 
 

  

	6.
	 
	PLACE OF RENT PAYMENT/NO OFFSET.    AJI rent shall be paid to Landlord without deduction or offset (except as provided in the Offset
provision in paragraph 46) in lawful money of the United States of America, and delivered or sent to: 
 

 

 1 

 RELMSS SERVICE, INC. 
 ATTENTION: JAMES LICHTY 
 2812 SW MAXFIELD 
 TOPEKA, KANSAS 66614 
 [785-478-0060] 
  
 Or such other person and/or place as Landlord may from time to time designate in writing.

  

	7.
	 
	TENANT EXPENSES.    The Tenant is and shall be responsible for, and shall pay when due, and cause no prejudice to the Landlord, ALL
those expenses related to the operation of Tenant’s business at the Premises. These expenses include, but are not limited to, all utility expenses, all insurance required under this lease and all insurance expense otherwise related to
Tenant’s business operation, any taxes and expense for maintenance. Tenant finish or signage 
 

  

	8.
	 
	INSURANCE. 
 

  

	 	(i)
	 
	Tenant shall maintain a minimum of: 
 

  

	 	(a)
	 
	$1,000,000.00 [each person] premises liability coverage, to include coverage for liability arising from claims or cases involving those activities or events
giving rise to Lessor or Lessee liability exposures as are referenced in 235 ILCS 5/6-21 
 

  

	 	(b)
	 
	$1,000,000.00 for property damage. 
 

  

	 	(ii)
	 
	Tenant shall cause Landlord to be scheduled as an “Additional Insured” and a “Loss Payee” on all of these coverages, and on the date of
Closing and on April 1, of each year of the Lease Term the Tenant shall deliver to the Landlord written certification of insurance that complies with all of the provisions set out in subparagraph (i) and (ii) above. 
 

	 	(iii)
	 
	Failure to supply such certification is an event of default of this Lease Agreement. 
 

  

	9.
	 
	LANDLORD EXPENSES.    Tenant agrees to pay on demand any expenses incurred by Landlord to keep the Tenant’s Premises in
compliance with any City, State or Federal law or regulation. 
 

  

	10.
	 
	SECURITY DEPOSIT.    There is no security deposit required on this Lease. 
 

  

	11.
	 
	USE OF PREMISE.    Tenant’s use and occupancy of the Premises shall be for the purpose of operating a bar and adult nightclub
featuring live, nude entertainment. Tenant may use the Premises for any other lawful use only with the prior written consent of Landlord, which shall not be unreasonably withheld. 
 

 

 2 

  

	12.
	 
	USES PROHIBITED.    Tenant shall not do or permit anything to be done in or about the Premises or the Building that would jeopardize
the Landlord’s interests or status in the current City zoning of the Premises or Building. Nor shall the Tenant bring or keep anything upon or about the Premises or Building which will in any way increase the existing rate for fire or other
insurance upon the Building or any of its contents or cause a cancellation of any insurance policy covering the Building or any part thereof or any of its contents. Nor shall the Tenant allow the Premises to be used for any unlawful purpose, nor
shall Tenant cause, maintain, or permit any nuisance in, on, or about the Premises. Tenant shall not commit or allow to be committed any waste in or upon the Premises. Tenant shall not cause or permit any hazardous or toxic substance, material, or
waste to be stored about the Premises. 
 

  

	13.
	 
	COMPLIANCE WITH LAW. 
 

  

	 	(i)
	 
	Tenant shall comply with all city, state and federal law and regulations. 
 

	 	(ii)
	 
	Tenant shall comply with all liquor law and regulations. 
 

	 	(iii)
	 
	Tenant shall not use or permit the use of the Premises in any way in conflict with any law or governmental rule. 
 

	 	(iv)
	 
	Tenant shall, at Tenant’s sole cost, promptly comply with all laws, codes and governmental rules applicable to its business or in any way related to the
Premises. 
 

  

	14.
	 
	USE AND CONTROL OF PREMISES: 
 

  

	 	(i)
	 
	The Tenant shall have sole and exclusive control of the Premises, including the parking lot, during the Lease Term. 
 

	 	(ii)
	 
	The Tenant, its invitees, and vendors may use all areas of the Premises including the parking lot. 
 

	 	(iii)
	 
	The Tenant shall take all reasonable precautions to eliminate and warn other persons on the Premises respecting any dangerous conditions therein. 

	 	(iv)
	 
	Parking areas shall be used for vehicle parking only and not for storage, and garbage and refuse awaiting collection shall be stored per applicable City Code
and away from public view. 
 

  

	15.
	 
	LANDLORD ALTERATIONS AND ADDITIONS:    There is no agreement that the Landlord perform any construction or tenant finish or
improvement as part of this Lease Agreement. 
 

  

	16.
	 
	ALTERATIONS AND ADDITIONS.    Tenant shall not make or allow to be made any alterations, improvements, or changes to the Premises
without the prior written consent of Landlord, and all improvements, alterations, or changes so made shall become a part of the leased Premises and shall belong to Landlord upon expiration or sooner termination of this Lease. [Unless Tenant
exercises its option to Purchase the Premises]. In the event Landlord consents to the making of any alterations, additions, 
 

 

 3 

 or improvements to the Premises by the Tenant, Tenant shall make the same, at Tenant’s sole cost and expense.

  

	17.
	 
	MAINTENANCE AND REPAIRS.    Responsibility for maintenance and repairs at or upon the Premises during the Lease Term shall be the
exclusive responsibility of the Tenant. 
 

  

	18.
	 
	TENANT’S OBLIGATIONS.    By taking possession of the Premises, Tenant shall be deemed to have accepted the Premises as being
clean and in good order, condition, and repair. Tenant shall, at Tenant’s sole cost and expense, keep the Premises and every part thereof in good condition and repair. Tenant shall, upon the expiration of this Lease, surrender the Premises to
Landlord in good condition, broom clean, ordinary wear and tear and damage from causes beyond the reasonable control of Tenant only excepted. [Unless the Tenant exercises its option to purchase the Premises]. Any damage to adjacent property caused
by Tenant’s use of the Premises shall be repaired at the sole cost and expense of Tenant. 
 

  

	19.
	 
	LIENS.    Tenant shall keep the Premises free from any liens arising out of any work performed, materials furnished, or obligations
incurred by Tenant. 
 

  

	20.
	 
	HOLD HARMLESS.    To the extent permitted by law, and except to the extent of Landlord’s negligent acts or omissions. Tenant
shall indemnify and hold harmless Landlord from and against any and all claims arising from Tenant’s use of the Premises or from the conduct of Tenant’s business or from any activity, work, or other things done, permitted, or suffered by
Tenant in or about the Premises, and shall further indemnify and hold harmless Landlord from and against any and all claims arising from any breach or default in the performance of any obligation on Tenant’s part to be performed under the terms
of this Lease or arising from any act or negligence of Tenant or any officer, agent, employee, guest, licensee or invitee of Tenant, and from all costs, attorneys’ fees, and liabilities incurred in or about the defense of any such claim or any
action or proceeding brought thereon. In any action or proceeding brought against Landlord by reason of such claim, Tenant, upon notice from Landlord, shall defend the same at Tenant’s expense by counsel reasonably satisfactory to Landlord.
This indemnification shall survive termination of this Lease. To the extent permitted by law. Tenant hereby assumes all risk of damage to property or injury to persons in, upon, or about the Premises from any cause other than the negligence of
Landlord, and Tenant hereby waives all claims in respect thereof against Landlord. Landlord or Landlord’s agents shall not be liable for any loss or damage to persons or property resulting from fire, explosion, falling plaster, steam, gas,
electricity, water, or rain which may leak from any part of the Premises or from the pipes, appliances, or plumbing works therein or from the roof, street, or subsurface, or from any other place resulting from dampness, or from any other cause
whatsoever, unless caused by or due to the negligence of Landlord or Landlord’s agents. Tenant shall give immediate notice to Landlord in case of casualty or accident incident or claim associated with the Premises. 

 

 4 

  

	21.
	 
	SUBROGATION.    As long as their respective insurers so permit. Landlord and Tenant hereby mutually waive their respective rights of
recovery against each other for any loss insured by fire, extended coverage, and other property insurance policies existing for the benefit of the respective parties. Each party shall apply to their insurers to obtain said waivers. Each party shall
obtain any special endorsements, if required by their insurer, to evidence compliance with the aforementioned waiver. 
 

  

	22.
	 
	PERSONAL PROPERTY INSURANCE.    Tenant shall, at Tenant’s cost, maintain, as named insured, fire and extended coverage insurance
on the Premises’ its operation, and any leasehold improvements, personal property, inventory, and contents of the Premises. Tenant acknowledges that Landlord has no obligation or responsibility to insure Tenant’s personal property or
leasehold improvements from acts or events not proximately caused by the Landlord. 
 

  

	23.
	 
	WORKERS’ COMPENSATION.    To the extent required by law. Tenant shall maintain all workers’ compensation or similar
insurance in the form and amounts required by law, and as applicable to the Tenant’s business operation and workers upon Tenant’s premises. 
 

  

	24.
	 
	CONTRACTOR’S INSURANCE.    Prior to engaging any contractor. Tenant shall require any contractor performing work on the
Premises at Tenant’s request or on Tenant’s behalf to carry and maintain such insurance as Landlord may require from time to time, including contractor’s liability coverage and workers’ compensation insurance. 

  

	25.
	 
	UTILITIES.    Tenant shall pay for all water, gas, heat, light, power, sewer charges, telephone service, and all other services and
utilities supplied to the Premises or Building together with any taxes thereon. Tenant shall indemnify and save Landlord harmless against any liability or damages on such accounts. 
 

  

	26.
	 
	PERSONAL PROPERTY TAXES.    Tenant shall pay or cause to be paid, before delinquency, any and all taxes levied or
assessed and which become payable during the term hereof upon all of Tenant’s leasehold improvements, equipment, furniture, fixtures,and any other personal property located in the Premises. 
 

  

	27.
	 
	ENTRY BY LANDLORD.    At any and all reasonable times during regular business hours, upon one day’s prior notice to Tenant,
OR IMMEDIATELY IN THE EVENT OF AN EMERGENCY, Landlord reserves and shall have the right to enter the Premises to inspect the same for safety and to check on compliance with these Lease terms, and to submit the Premises to prospective
purchasers or tenants, to repair the Premises that the Landlord may deem necessary or desirable, without abatement of rent or waiver of any Tenant obligation herein, and may for that purpose erect scaffolding and other necessary structures where
reasonably required by the character of the work to be performed, using best efforts to avoid blocking the entrance to the Premises and providing that the business of Tenant shall not be interfered with unreasonably. Tenant hereby waives any claim
for damages or for any injury or 
 

 

 5 

 inconvenience to or interference with Tenant’s business, and any loss of occupancy or quiet enjoyment of the
Premises. Landlord shall have the right to use any and all means which Landlord may deem proper to open any doors or otherwise obtain access to the Premises in an emergency, without liability to Tenant except for any failure to exercise due care for
Tenant’s property, and any entry to the Premises obtained by Landlord by any of said means or otherwise shall not under any circumstances be construed or deemed to be a forcible or unlawful entry into or a detainer of the Premises or an
eviction of Tenant from the Premises or any portion thereof. 
  

	28.
	 
	ASSIGNMENT AND SUBLETTING.    Tenant shall not either voluntarily or by operation of law assign, transfer, mortgage, pledge,
hypothecate, or encumber this Lease or any interest therein and shall not sublet the Premises or any part thereof or any right or privilege appurtenant thereto or allow any person (the employees, agents, servants, and invitees of Tenant excepted) to
occupy or use the Premises or any portion thereof without the prior written consent of Landlord, which consent shall not be unreasonably withheld. 
 

  

	29.
	 
	HOLDING OVER.    If Tenant remains in possession of the Premises or any part thereof after the expiration of the Lease Term herein
without the express written consent of Landlord, such occupancy shall be a tenancy from month to month at a rental in the amount of one hundred fifty percent of the Lease Term monthly rent, plus all other charges payable hereunder, and upon all the
terms hereof applicable to a month-to-month tenancy. 
 

  

	30.
	 
	TENANT’S DEFAULT.    The occurrence of any one or more of the following events shall constitute a default and breach of this
Lease by Tenant: 
 

  

	 	(i)
	 
	Abandonment.    Tenant vacates or abandons the Premises. 
 

	 	(ii)
	 
	Failure to Pay Rent.    Tenant fails to make any payment of rent or any other payment required to be made by
Tenant hereunder, as and when due, where such failure shall continue for a period often (10) days after certified mail written notice thereof by Landlord to Tenant. 
 

	 	(iii)
	 
	Failure to Observe Other Covenants.    Tenant fails to observe or perform any of the covenants,
conditions, or provisions of this Lease to be observed or performed by Tenant Where such failure shall continue for a period of ten (10) days after written notice thereof by Landlord to Tenant; provided, however, that if the nature of Tenant’s
default is such that more than 10 days are reasonably required for such cure, then Tenant shall not be deemed to be in default if Tenant commences such cure within said 10 days and thereafter diligently prosecutes such cure to completion.

 

	 	(iv)
	 
	Insolvency.    Tenant makes any general assignment or general arrangement for the benefit of creditors or the filing by or against
Tenant of a petition to have Tenant adjudged a bankrupt, or a petition of reorganization or arrangement under any law relating to bankruptcy (unless, in the case of a petition filed against Tenant, the same is dismissed within 60 days) or the
appointment of a trustee or a receiver to take possession of 
 

 

 6 

  
 substantially all of Tenant’s assets located at the Premises or of
Tenant’s interest in this Lease, where possession is not restored to Tenant within 60 days of the attachment, execution, or other judicial seizure of substantially all of Tenant’s assets located at the Premises or of Tenant’s
interests in this Lease where such seizure is not discharged within 60 days. 

	 	(v)
	 
	Misrepresentation.    Tenant representation or statement to Landlord in connection with this Lease that is or was false or misleading
in any material respect when made or furnished. 
 

	 	(vi)
	 
	Failure to Take Possession.    Tenant fails to take possession of the Premises on the Commencement Date as the
same may be extended hereunder. 
 

  

	31.
	 
	REMEDIES ON DEFAULT.    In the event of any default or breach of any provision of this Lease Agreement by Tenant, Landlord may, at
any time thereafter with or without notice or demand and without limiting Landlord in the exercise of a right or remedy which Landlord may have by reason of such default or breach, exercise any of the following remedies: 

  

	 	(i)
	 
	Termination of Possession:    Landlord may terminate Tenant’s right to possession of the Premises by written
notice to Tenant or any other lawful means, terminate this Lease by written notice to Tenant, re-enter and take possession of the Premises, and Tenant shall immediately surrender possession of the Premises to Landlord. In such event, Landlord shall
be entitled to recover from Tenant all damages incurred by Landlord by reason of Tenant’s default, including without limitation past due rent, interest and late charges, the cost of recovering possession of the Premises, the expenses of
reletting, and any other costs or damages arising out of Tenant’s default, including without limitation the costs of removing persons and property from the Premises, the costs of repairing or altering the Premises for reletting, brokers’
commissions, and legal expenses and fees. 
 

	 	(ii)
	 
	Notwithstanding any termination, re-entry, or reletting, the liability of Tenant for the Rent and other charges and adjustments for the balance of the Lease
Term shall not be extinguished by any Lease Agreement termination, and Tenant shall pay and Landlord may recover from Tenant at the time of termination, re-entry, or reletting, the excess, if any, of the amount of such rents reserved in this Lease
for the balance of the term hereof over the then reasonable rental value of the Premises for the same period. Reasonable rental value shall mean the amount of rental that Landlord does or could reasonably be expected to obtain as rent for Premises
as an adult nightclub, lawfully permitted to serve liquor, for the remaining balance of the Lease Term. In the event that Landlord relets the Premises or any part thereof without first terminating Tenant’s right to possession pursuant to this
Lease, Landlord reserves the right, at any time thereafter, to elect to terminate Tenant’s right to possession to that or other 
 

 

 7 

 portions of the Premises for the default that originally resulted in the reletting. 

	 	(iii)
	 
	Enforcement of Lease.    Landlord may maintain Tenant’s right to possession, in which case this Lease shall continue in effect
whether or not Tenant shall have abandoned the Premises. In such event, Landlord shall be entitled to enforce all of Landlord’s rights and remedies under this Lease, including the right to recover the Rent, and any other charges and adjustments
as may become due hereunder. Landlord’s failure or inability to relet the Premises or any part thereof shall not reduce or restrict or in any way affect Landlord’s right to recover from Tenant all such rent and other sums as the same
become due, and, despite such failure or inability to so relet the Premises or any part thereof, Tenant shall pay to Landlord upon demand therefor any and all costs, including without limitation the cost of any alterations and repairs to the
Premises, incurred by Landlord in connection with Landlord’s effort to relet the Premises or any part thereof. 
 

	 	(iv)
	 
	Other Remedies.    Landlord may pursue any other remedy, and exercise its rights against any collateral pledged by the Tenant
as security for performance of this Lease, now or hereafter available to Landlord under the laws or judicial decisions of the state in which the Premises are located, in addition to the foregoing. It is understood and agreed that Landlord’s
remedies hereunder are cumulative, and the exercise of any right or remedy shall not constitute a waiver of any other right or remedy. 
 

	 	(v)
	 
	Removal of Personal Property.    In the event of a retaking of possession of the Premises by Landlord, Tenant
shall remove all of the Tenant’s personal property located thereon and, upon failure to do so upon demand of Landlord, the Tenant agrees the Landlord may remove and store the same in any place selected by Landlord, including without limitation
a public warehouse, at the expense and risk of Tenant. If Tenant shall fail to pay the cost of storing any such property after it has been stored for a period of 30 days or more, Landlord may sell any or all of such property at a public or private
sale and shall apply the proceeds of such sale first to the cost of such sale, secondly to the payment of the charges for storage, if any, and thirdly to the payment of any other sums of money which may be due from Tenant to Landlord under the terms
of this Lease, and the balance, if any, to Tenant. Tenant hereby waives all claims for damages that may be caused by Landlord’s lawfully re-entering and taking possession of the Premises or lawfully removing and storing the property of Tenant
as herein provided and will hold Landlord harmless from loss or damages occasioned by Landlord thereby, and no such lawful re-entry shall be considered or construed to be a forcible entry. 
 

  

	32.
	 
	DAMAGE AND RECONSTRUCTION.    Should the Premises be damaged during the Lease Term the Tenant shall immediately notify Landlord, and
the rights and responsibilities of Landlord and Tenant shall then be as follows: 
 

 

 8 

  

	 	(i)
	 
	Insured Damage.    In the event the Premises or the Building are damaged by fire or other perils covered by Tenant’s or
Landlord’s casualty insurance, the parties agree forthwith to commence repair of the same to the extent of insurance proceeds available and this Lease shall remain in full force and effect, except that Tenant shall be entitled to a
proportionate reduction of the Rent from the date of damage and while such repairs are being made, such proportionate reduction to be based upon the extent to which the damage and making of such repairs shall cause undue interference with the
business carried on by Tenant in the Premises. If the damage is due to the fault or neglect of Tenant or Tenant’s employees, there shall be no abatement of rent. 
 

  

	 	(ii)
	 
	Other Damage.    In the event the Premises or the improvements thereon are damaged as the result of any cause other than the
perils covered by Landlord or Tenant’s casualty insurance or for which there is insufficient insurance to fully cover any damage then the Landlord shall have the option to terminate this Lease upon ten (10) days written notice. If within ten
(10) days of any such notice to terminate the Lease the Tenant gives the Landlord written notice that the Tenant will reconstruct any damaged portion of the Premises or Building with its own resources, and that said reconstruction can be completed
in three months, then Landlord shall have the option to nullify its Lease termination and allow such reconstruction to occur and for this Lease Agreement to continue in full force and effect. 
 

  

	33.
	 
	DAMAGE TO TENANTS PROPERTY.    In the event of damage to the Tenant’s property, caused by any event or source, the Landlord
shall not be required to repair any such damage or to make any repairs or replacements of any leasehold improvements, fixtures’ or other personal property of Tenant. 
 

  

	34.
	 
	EMINENT DOMAIN TAKING.    If twenty-five percent or more of the Premises or the Building shall be taken or appropriated by any public
or quasi-public authority under the power of eminent domain, either party hereto shall have the right at its option within 60 days after said taking to terminate this Lease upon 30 days’ written notice. 
 

 

	35.
	 
	PARTIAL TAKING.    If less than twenty-five percent of the Premises are taken, or twenty-five percent or more of the Premises are
taken and neither party elects to terminate as herein provided, the terms of this Lease shall remain in full force and effect. 
 

  

	36.
	 
	AWARD.    In the event of any taking or appropriation whatsoever, Landlord shall be entitled to any and all awards or settlements
which may be given and Tenant shall have no claim against the condemning authority or Landlord for the value of any unexpired term of this Lease, and Tenant hereby assigns to Landlord any and all claims to any 
 

 9 

 award or settlement. Nothing contained herein shall be deemed to give Landlord any interest in or to require Tenant to
assign to Landlord any award made to Tenant for the taking of personal property or fixtures belonging to Tenant, for the interruption of or damage to Tenant’s business, or for Tenant’s moving expenses. 
  

	37.
	 
	TENANT SIGNS.    Tenant may erect signage in conformity with local law. Any such signage will be paid for by the Tenant and
will be installed at Tenant’s expense. The size and character of any such signage will be required to be approved by the Landlord before it can be installed. Tenant shall pay the costs of removal of such signs upon termination of the Lease, and
such signs shall be the property of Tenant. In the event a “sign structure or pole” is constructed to house any signage said pole or sign structure shall become the property of the Landlord at the end of the Lease Term unless the Tenant
exercises its option to purchase the Premises. 
 

  

	38.
	 
	 “FOR LEASE” OR “FOR SALE” SIGNS.    At any time within 180 days prior to the expiration of this Lease, Landlord
may place upon the Premises “For Lease” signs, unless Tenant exercises its option to purchase the Premises. 
 

  

	39.
	 
	SUBORDINATION AND MODIFICATION BY LENDER.    Tenant agrees that this Lease shall be subordinate to any mortgage or deed of trust that
may hereafter be placed upon the Premises or the Building and to any and all advances to be made thereunder, to the interest thereon, and all renewals, replacements, and extensions thereof. Tenant further agrees that if, in connection with obtaining
financing for the leased Premises, a lender shall request modification of this Lease as a condition to such financing. Tenant shall not withhold, delay, or defer Tenant’s consent thereto, provided that such subordination and/or modifications do
not alter or modify in any way the full and complete Tenant benefit and obligations arising under this Lease Agreement. 
 

  

	40.
	 
	TENANTS STATEMENT.    Tenant shall at any time and from time to time upon not less than three days’ prior written notice
from Landlord execute, acknowledge, and deliver to Landlord a statement in writing (a) certifying that this Lease is unmodified and in fall force and effect (or, if modified, stating the nature of such modification and certifying that this Lease as
so modified is in full force and effect) and the date to which the rental and other charges are paid in advance, if any; (b) acknowledging that there are not, to Tenant’s knowledge, any uncured defaults on the part of Landlord hereunder, or
specifying such defaults if any are claimed; and (c) setting forth the date of commencement of rents and expiration of the term hereof. Any such statement may be relied upon by any prospective purchaser or encumbrancer of the leased Premises
property. Failure to provide such statement shall be deemed confirmation of the statement of Landlord regarding each of the foregoing items. 
 

  

	41.
	 
	AUTHORITY OF TENANT.    Tenant represents that each individual executing this Lease on behalf of the Corporation is duly authorized
to execute and deliver this Lease on behalf of the Corporation, in accordance with the bylaws of such corporation, and that this Lease is binding upon the VGC HOLDINGS, INC, A COLORADO CORPORATION in accordance with its terms. Upon request. Tenant
agrees to provide a Certificate of Officer/Director verifying the authority and position of each signatory. 
 

  
 

 10 

  

	42.
	 
	OPTION TO PURCHASE LEASE PREMISES:  
 

  

	 	(i)
	 
	IN CONSIDERATION OF THE PAYMENT OF TEN ($10.00) DOLLARS PAID BY THE TENANT TO THE LANDLORD, THE LANDLORD GRANTS TO THE TENANT AN OPTION TO PURCHASE THE
PREMISES ON MAY 1, 2007 FOR THE TOTAL CASH PRICE OF NINE-HUNDRED THOUSAND ($900,000.00) DOLLARS. 
 

	 	(ii)
	 
	NOTICE OF THE TENANT’S INTENT TO EXERCISE THE AFORESAID OPTION TO PURCHASE MUST BE GIVEN TO THE LANDLORD’S REPRESENTATIVE NO LATER THAN FEBRUARY 1,
2007. 
 

	 	(iii)
	 
	Upon Tenant’s exercise of the option to purchase Landlord Sellers shall convey
title to the Leased Premises to Tenant by Special Warranty Deed, free and clear of all liens, claims, encumbrances except,
those easements and restrictions currently of public record, as disclosed in the Owner and Encumbrance Report obtained by the
Sellers attached to this Lease Agreement and marked Exhibit C. 
 

	 	(iv)
	 
	Upon the exercise of the option to purchase. Landlord shall, at its sole costs and expense, provide tenant a policy of owners title insurance,
insuring Tenant’s title to the Lease Premises subject only to the exceptions described in the above subparagraph (iii) 

	 	(v)
	 
	Landlord agrees to execute and acknowledge a“NOTICE OF OPTION TO
PURCHASE,” the form and substance of which shall be mutually acceptable to Landlord and Tenant, and Tenant may record
that Notice in the real estate records of the County in which the Leased Premises are located. 
 

  

	43.
	 
	SECURITY INTEREST IN EQUIPMENT, FIXTURES AND LIQUOR LICENSE FOR PAYMENT OF RENT AND OBLIGATIONS UNDER THIS LEASE AGREEMENT. 

  

	 	(i)
	 
	The Tenant here grants to the Landlord a security interest in the equipment and fixtures of the business to be conducted at 213-215 Madison, Brooklyn, Illinois
as well as a certain City and State Liquor Licenses; Brooklyn Liquor License # 2001-023-04 and Illinois Liquor License # 01-1A-0014399 as security for the payment of the obligations contained herein. 
 

	 	(ii)
	 
	Tenant agrees to promptly execute all necessary UCC forms, and supply an itemization of the aforementioned equipment, fixtures and liquor license #’s to
enable the Landlord to preserve and record its security interest in this equipment, etc. 
 

 

 11 

  

	44.
	 
	ANCILLARY PARKING.    Landlord agrees to take whatever measures are necessary to assign or sublet to the Tenant, for only the term of
the Lease, the Landlord’s current interest in any offsite parking related to the Premises or any business operated at the Premises. A copy of the Lease Agreement pertaining to this ancillary offsite parking is attached to this Lease Agreement
and marked Exhibit B. Tenant agrees to satisfy all the Tenant/Lessee obligations arising under such Lease Agreement and to hold RELMSS Service/Landlord harmless therein, and to indemnify the Landlord for any losses or damages suffered by the
Landlord as a direct or indirect result of VGC HOLDINGS, INC, A COLORADO CORPORATION not satisfying any of the terms or conditions of any such Lease Agreement for ancillary, offsite parking for the Premises. In the event the Tenant exorcises its
option to purchase the Premises then these same offsite parking Leases shall be assigned to the Tenant as part of the parties Sale-Purchase Agreement, at no additional consideration to the agreed Purchase Price for the Premises. 

  

	45.
	 
	GENERAL PROVISIONS.    Landlord and Tenant agree to the following general provisions: 
 

  

	 	(i)
	 
	Personal Guarantees.    This Lease Agreement shall be further secured by the personal guarantees of Troy Lowrie. 

	 	(ii)
	 
	Waiver.    The waiver by Landlord of any term, covenant, or condition herein contained shall not be deemed to be the waiver of such
term, covenant, or condition or any subsequent breach of the same or any other term, covenant, or condition herein contained. The subsequent acceptance of rent hereunder by Landlord shall not be deemed to be a waiver of any preceding default by
Tenant of any term, covenant, or condition of this Lease, other than the failure of Tenant to pay the particular rental so accepted, regardless of Landlord’s knowledge of such preceding default at the time of the acceptance of such rent.

 

	 	(iii)
	 
	Joint Obligation.    If there be more than one tenant, the obligations hereunder imposed shall be joint and several.

 

	 	(iv)
	 
	Time.    Time is of the essence of this Lease and each and all of its provisions in which performance is a factor. 

	 	(v)
	 
	Headings.    The headings and section titles of this Lease are not a part of this Lease and shall have no effect upon the
construction or interpretation of any part hereof. 
 

	 	(vi)
	 
	Successors and Assigns.    The covenants and conditions herein contained, subject to the provisions as to assignment, apply to and
bind the heirs, successors, executors, administrators, and assigns of the parties hereto. 
 

	 	(vii)
	 
	Recordation.    Landlord may record this Lease or any security interests agreements associated with this Lease. 

	 	(viii)
	 
	Quiet Possession.    Upon Tenant paying the rent reserved hereunder and performing all of the covenants, conditions, and
provisions on Tenant’s part to be observed and performed hereunder. Tenant shall have quiet possession of the Premises for the entire term hereof, subject to all the 
 

  

 12 

 provisions of this Lease. The Premises are leased subject to any and all existing encumbrances, conditions, rights,
covenants, easements, restrictions, rights-of-way, and any matters of record, applicable zoning and building laws, and such matters as may be disclosed by inspection or survey. 

	 	(ix)
	 
	Overdue Payments.    Unpaid installments of the Rent, or other sums due hereunder shall bear interest from the date due at the
rate of 10% percent per annum. Tenant hereby farther agrees to pay any reasonable attorneys’ fees and expenses incurred by Landlord by reason of Tenant’s failure to pay Rent, or otherwise comply with the terms of this Lease Agreement.

 

	 	(x)
	 
	Amendments to Lease.    No provisions of this Lease may be amended or added to except by agreement in writing signed by
the parties hereto or their respective successors in interest. This Lease shall not be effective or binding upon any party until fully executed by both parties hereto. 
 

	 	(xi)
	 
	Inability to Perform.    This Lease and the obligations of Tenant hereunder shall not be affected or impaired because
Landlord is unable to fulfill any of Landlord’s obligations hereunder or is delayed in doing so, if such inability or delay is caused by reason of strike, labor troubles, acts of God, or any other cause beyond the reasonable control of
Landlord. 
 

	 	(xii)
	 
	Partial In validity.    Any provisions of this Lease which shall prove to be invalid, void, or illegal shall in no way affect,
impair, or invalidate any other provision hereof, and such other provision shall remain in full force and effect. 
 

	 	(xiii)
	 
	Cumulative Remedies.    No remedy or election hereunder shall be deemed exclusive but shall whenever possible be cumulative
with all other remedies at law or in equity. 
 

	 	(xiv)
	 
	Governing Law.    This Lease shall be governed by and construed in accordance with the laws of the State of Illinois. 

	 	(xv)
	 
	Attorneys Fees.    If either party should bring an action, legal or equitable, to enforce any term or condition of this Lease
Agreement, the prevailing party in that action shall be entitled to recover its costs, as well as reasonable attorneys’ fees in addition to such other remedies or relief as shall be granted by the Court. 
 

	 	(xvi)
	 
	Real Estate Commission.    Each party warrants to the other that it has not employed real estate broker or agent in connection with
this Lease Agreement, and that the other party shall not be subject to liability for a real estate commission as a result of any contract or actions of the warranting party. Each party agrees to indemnify And hold the other party harmless for any
breach of this warranty. 
 

	 	(xvii)
	 
	Execution.    This Lease has been executed in several counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument. 
 

	 	(xviii)
	 
	Notices.    All notices to be given hereunder shall be deemed to have been given when given in writing by depositing the same as
certified mail in the United States mail, prepaid, and addressed to the party at the respective mailing address as herein set forth, and shall be deemed effective 24 hours thereafter unless otherwise specified herein. 

  
 

 13 

  
 
	 Landlord:
 	  	 RELMSS SERVICE, INC.
 ATTENTION: JAMES LICHTY
 2812 SW MAXFIELD
 TOPEKA, KANSAS
66614
 
	 
	 Copy to:
 	  	 Michael Di Cavalcante
 11724 Hemlock

Overland Park, Kansas 66210
 
	 
	 Tenant:
 	  	 VGC HOLDINGS, INC.
 ATTENTION: TROY LOWRIE

1601 W. Evans
 Denver, Colorado
 
	 
	  	  	 and
 MICHAEL OCELLO
 1401 Mississippi Ave.
 Suaget, Illinois 62201
 

 
  

	 	(xix)
	 
	It is understood that each party may change the address to which notices may be sent by giving a written notice of such change to the other party hereto in the
manner herein provided. 
 

	 	(xx)
	 
	Advice of Counsel:    Each party acknowledges it has had advice of independent counsel respecting this Lease Agreement.

 

	 	(xxi)
	 
	Tenant agrees this Lease may be recorded. 
 

  

	46.
	 
	OFFSET OF INDEMNIFICATION LIABILITIES. 
 

  

	 	(i)
	 
	Landlord acknowledges that this Lease Agreement is entered into at the same time as a Stock Purchase/Sale Agreement by which Tenant has purchased all of the
issued and outstanding common stock of Platinum of Illinois, Incorporated, and that, pursuant to Paragraph 1.8 of that agreement Tenant may be entitled to indemnity for certain losses and damages. In consideration of Tenant’s execution of this
Lease Agreement, Landlord is willing to enter into an Offset Agreement with Tenant, the substance of which shall be to allow Tenant offset against its Lease Payments (defined below) all direct damages owing from Sellers pursuant to Paragraph
1.8 of the Stock Purchase/Sale Agreement in the event that Sellers shall not so indemnify Buyer within 30 days after written notice. The term “Lease Payments” shall mean: (1) all payments of Base Rent that shall become due under this Lease
Agreement, and (2) the purchase price that shall be payable by Tenant to Landlord in the event Buyer exercises the option to purchase the Leased Premises pursuant to paragraph 4.2 of this Lease Agreement. The provisions of 

 

 14 

 this Paragraph 46 and of the Offset Agreement shall prevail over any contrary or inconsistent provision of this Lease
Agreement. 

	 	(ii)
	 
	In any event that Tenant becomes aware of any claim, damage or loss, which in its opinion might lead to an indemnification claim against the Sellers or RELMSS
Service, Inc., it shall immediately deliver to the Landlord notice of any such claim, damage and/or loss and simultaneously supply Landlord with all documentation relied on by Tenant to conclude that an indemnification claim exists. 

	 	(iii)
	 
	In any event where any such indemnification claim is made against the Landlord, the Tenant, or any subsequent assignee or subletee, shall permit the Landlord
the right to defend any such claim by a third party, and until any such defense is concluded no offset shall be allowed. 
 

	 	(iv)
	 
	In the event the Tenant fails to notify the Landlord within ten (10) days of its knowledge of any such indemnification claim against the Landlord then any such
claim shall be waived. 
 

  
 EXECUTED as of the day and year first above written. 

 
 LANDLORD:    RELMSS SERVICE, INC. 
  
 
	 
	 By:
 	 	 /s/    JAMES LICHTY        

	 	 5/1/02
 

	  	 	 [Its authorized agent]
 	 	 Date
 

 
  
  
 TENANT:    VGC HOLDINGS,
INC. 
  
 
	 
	 By:
 	 	 /s/    TROY LOWRIE        

	 	 5/1/02
 

	  	 	 [By its authorized agent]
 	 	 Date
 

 
 

 15 

  
 PERSONAL GUARANTY 
  

The undersigned “Personal Guarantor” acknowledges that he/she has a personal financial stake in the affairs of the Tenant referred to in the above as
regards the carrying on of a business to be operated at the “Premises” of 213-215 Madison, Brooklyn, Illinois. Because of these circumstances, and as an added inducement to the Landlord to grant the above referenced Lease, the undersigned
Personal Guarantor here agrees that in the event of the Tenant’s breach or default of the obligations contained in the above referenced Lease Agreement that he/she will be personally liable to the Landlord above for
all SUMS DUE but unpaid UNDER THIS LEASE. In the event the tenant does not make timely payments of rent or other charges due under this Lease [including those sums due in the event of an acceleration or rent payments] the undersigned agrees to be
fully responsible to the Landlord for any such rent or charges, and to pay same within ten (10) days of notice of any such breach or default mailed to the address listed here, which is hand printed by the Personal Guarantor at the execution of this
Lease Agreement. 
  
 In the event services of counsel are required to enforce this Personal Guarantee the
Personal Guarantor agrees to pay the reasonable attorney fees incurred by the Landlord or its assignee to enforce this Personal Guarantee. 
  
 AGREED: 
  
 
	 
	 /s/    Troy Lowrie
 

	 [Personal Guarantor / Date
 {Please print and sign name]

 
  
 Troy Lowrie 
 1601 W Evans 
 Denver, CO
80223 
 [Personal Guarantor: Please hand 
 print here the address where any 

notice of breach or default of this 
 Lease Agreement should be mailed] 
 

 16

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