Document:

exv10w61

 

EXHIBIT 10.61

PROPERTY DISBURSEMENT

SHARING AGREEMENT

between

Taiwan Kolin Company Limited

and

Syntax Groups Corporation

	1	 	PARTIES

This Agreement is made and entered into, by and between:

Taiwan Kolin Company Limited, incorporated in Taiwan, whose registered office is at 11/F No. 86
Section 1, Chung Ching South Road, Taipei, Taiwan (“Kolin”), and

Syntax Groups Corporation, incorporated in the State of California, the United States of America,
whose registered office is at 20480 East Business Parkway, City of Industry, CA 91789, U.S.A.
(“Syntax”).

	2	 	RECITALS

WHEREAS, Syntax, as joint and several Tenant, signed and executed the industrial real estate lease
agreement to lease a property situated at 20480 East Business Parkway, City of Industry, California
(the “Property”) from Majestic Realty Co., and Patrician Associates, Inc., collectively as
Landlord;

WHEREAS, according to the above lease agreement, the lease shall commence from September 1, 2004
for 4-year lease term and the monthly base rent shall be USD45,000 for the first two years and be
increased thereafter pursuant to other provisions of the lease agreement (“Base Rent”).
Additionally, an initial security deposit of USD90,000 shall be deposited with Landlord (“Security
Deposit”) to effect the lease agreement.

WHEREAS, as the major shareholder of Syntax, Kohn shall use part of the Property to be the liaison
office with Syntax.

NOW, THEREFORE, in consideration of the mutual benefits to be derived from this Agreement, the
receipt and sufficiency of which are hereto hereby agree as follows:

	3	 	PROPERTY DISBURSEMENT SHARING

	3.1	 	Upon commencement of the lease agreement, Kolin agrees to share the Base Rent, Security
Deposit, real property taxes and utilities fees, inter alia, gas,

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	 	 	electricity, water and other fees and payments, mutually consent by both parties from time
to time, arisen out of the Property (the “Property Disbursement”) as shown in Schedule I
attached.

	3.2	 	Syntax shall pay the Property Disbursement to respective payees and Kolin shall agree upon
receipt of Syntax’s debit memo in connection with its portion of the Property Disbursement to
reimburse and pay forthwith in pursuance with Schedule I to Syntax.
	 
	4	 	WARRANTIES OF SYNTAX
	 
	4.1	 	Syntax hereby warrants and represents to Kolin that Syntax is a corporation duly organized,
validly existing and in good standing under the laws of the State of California, the U.S.A.
	 
	4.2	 	Syntax hereby warrants that Syntax has all requisite power and authority to execute and
perform its obligations under this Agreement and consummate the transactions contemplated
hereby.
	 
	5	 	WARRANTIES OF KOLIN
	 
	5.1	 	Kolin warrants and represents to Syntax that Kolin is a corporation duly organized, validly
and in good standing under the laws of Taiwan.
	 
	5.2	 	Kolin hereby warrants that Kolin has all requisite power and authority to execute and perform
its obligations under this Agreement and consummate the transactions contemplated hereby.
	 
	6	 	MISCELLANEOUS
	 
	6.1	 	Amendment of Modification. The Provisions of this Agreement may be waived, altered, amended,
or repealed, in whole or in part, only by written consent of all Parties to this Agreement.
	 
	6.2	 	Binding Effect. This Agreement shall be binding upon and shall insure to the benefit of the
Parties to it and their respective heirs, representatives, successors and assigns. None of
the Parties hereto shall assign any of its rights or obligations hereunder except with the
express written consent of the other Parties hereto.

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	6.3	 	Invalidity. It is intended that each paragraph, provision and word of this Agreement shall
be viewed a separate and divisible, and in the event that any paragraph, provision or word
shall be held to be invalid, the remaining paragraphs, provisions or words shall continue to
be in full force and effect, giving such effect to the deleted paragraphs, provisions, words
as may be required to properly interpret the remaining Agreement.
	 
	6.4	 	Descriptive Headings. Descriptive headings contained herein are for convenience only and
shall not control or affect the meaning or construction of any provision of this Agreement.
	 
	6.5	 	Notice. Any and all notices, consents, requests, demands, instructions, approvals or other
communications of this Agreement shall be in writing and shall be deemed duly given on the
date of service personally on the Party to whom the notice is given, or within seven (7) days
after mailing, if mailed to the Party to whom notice is to be given, by first class mail,
registered or certified, postage prepaid and properly addressed to the Party by an address
that the Party may have designated; if sent by facsimile, followed by first class mail, upon
receipt of the facsimile; and if sent by electronic mail when the communication is first
stored in the other party’s electronic mailbox.
	 
	6.6	 	Choice of Law. This Agreement shall be construed in accordance with and governed by the laws
of the State of California.
	 
	6.7	 	Execution of Counterparts. This Agreement may be executed in one or more counterparts, each
of which shall be deemed an original, but all of which together shall constitute one and same
instrument.
	 
	6.8	 	Attorneys’ Fees. In the event of legal proceedings or arbitration is instituted to enforce,
interpret or for the breach of any of the terms of this Agreement, the prevailing Party shall
be entitled to his, her or its reasonable attorneys’ fees.
	 
	6.9	 	Survival of Warranties, Obligations, Promises and Representations. Any warranty, obligation,
promise or representation of any Party to this Agreement shall survive the closing of this
Agreement. This section shall be binding upon and shall inure to the benefit of the Parties to
this Agreement and their respective heirs, representatives, successors and assigns.
	 
	6.10	 	Alternatives Dispute Resolution. If any dispute arises relating to this Agreement, the
Parties will attempt in good faith to settle it through mediation conducted by a mediator to
be mutually selected. The Parties will share the costs to the mediator equally. If the dispute
is not resolved within 30 days after it is referred to a mediator, any Party may file a
lawsuit to enforce this Agreement.

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	6.11	 	Independent Counsel. Each Party to this Agreement hereby acknowledges that they have been
advised of their right to seek independent legal and/or other counsel regarding the
advisability of entering into this Agreement or consenting to any of the terms contained
herein, and have actually sought such independent advice and counsel or knowingly waived the
right to seek the same.

IN WITNESS WHEREOF, the parties have executed this Agreement as of dates indicated herein below.

	 	 	 	 	 
	Taiwan Kolin Company Limited	 	 
	 
	 	 	 	 
	Name:
	 	 	 	 
	 
	 	 	 	 
	Signed:

	 	/s/ Roger Kao
 

	 	 
	 
	 	 	 	 
	Date:

	 	6/14/04	 	 
	 
	 	 	 	 
	Syntax Groups Corporation	 	 
	 
	 	 	 	 
	Name:

	 	Thomas Chow	 	 
	 

	 	Chief Financial Officer	 	 
	 
	 	 	 	 
	Signed:

	 	/s/ Thomas Chow	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	Date:

	 	6/8/04	 	 

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Schedule 1

Property Disbursement Sharing Schedule

	 	 	 	 	 	 	 	 	 
	Disbursement	 	Period	 	Monthly Installment	 	Percentage
	(a) Base rent

	 	9/2004 — 8/2006
	 	USD4,500
	 	 	10	%
	 
	 	 	 	 	 	 	 	 
	 

	 	9/2006 — 8/2008
	 	Changed in
accordance with the
provisions of the
lease agreement
with Landlord
	 	 	10	%
	 
	 	 	 	 	 	 	 	 
	(b) Security Deposit

	 	9/2004 — 8/2008
	 	USD9,000	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	(c) Real Property
Taxes

	 	9/2004 — 8/2008
	 	 	 	 	10	%
	 
	 	 	 	 	 	 	 	 
	(d) Utilities Fees

	 	9/2004 — 8/2008
	 	 	 	 	10	%
	 
	 	 	 	 	 	 	 	 
	(e) Other Fees and
Payments if any

	 	9/2004 — 8/2008
	 	 	 	 	10	%

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EXHIBIT 10.62

PROPERTY DISBURSEMENT

SHARING AGREEMENT

Between

Taiwan Kolin Company Limited

And

SyntaxBrillian Corporation

	1.	 	PARTIES

This Agreement is made and entered into, by and between:

Taiwan Kolin Company Limited, incorporated in Taiwan, whose registered office is at 11/F No. 86
Section 1, Chung Ching South Road, Taipei, Taiwan (“Kolin”), and

SyntaxBrillian Corporation, incorporated in the State of Delaware, the United States of America,
whose registered office at 1600 N. Desert Drive, Tempe, 85281, U.S.A. (“SyntaxBrillian”).

	2.	 	RECITALS

WHEREAS, SyntaxBrillian, as joint and several Tenant, signed and. executed the industrial real
estate lease agreement to lease a property situated at 444 W Geneva Rd, Tempe, AZ 85282 (the
“Property”) from Davis Trucking as Landlord;

WHEREAS, according to the above lease agreement, the lease shall commence from March 1, 2006 for
twelve (12) months lease term and the monthly base rent shall be USD$120.00 for the first year and
be increased thereafter pursuant to other provisions of the lease agreement (“Base Rent”).
Additionally, an initial security deposit of USD$500.00 shall be deposited with Landlord (“Security
Deposit”) to effect the lease agreement.

WHEREAS, the major shareholder of SyntaxBrillian, Kolin shall use part of the Property to the
liaison office with SyntaxBrillian.

NOW, THEREFORE, in consideration of the mutual benefits to be derived from this Agreement, the
receipt and sufficiency of which are hereto hereby agree as follows:

	3.	 	PROPERTY DISBURSEMENT SHARING
	 
	3.1	 	Upon commencement of the lease agreement, Kolin agrees to share the Base Rent, Security
Deposit, real property taxes and utilities fees, inter alia, gas, electricity,

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	 	 	water and other fees and payments, mutually consent by both parties from time to time,
arisen out of the Property (the “Property Disbursement”) as shown in Schedule 1 attached.

	3.2	 	SyntaxBrillian shall pay the Property Disbursement to respective payees and Kolin shall agree
upon receipt of SyntaxBrillian’s debit memo in connection with its portion of the Property
Disbursement to reimburse and pay forthwith in pursuance with Schedule 1 to SyntaxBrillian.
	 
	4.	 	WARRANTIES OF SYNTAXBRILLIAN
	 
	4.1	 	SyntaxBrillian hereby warrants and represents to Kolin that SyntaxBrillian is a corporation
duly organized, validly existing and in good standing under the laws of the State of Arizona,
the U.S.A.
	 
	4.2	 	SyntaxBrillian hereby warrants that SyntaxBrillian has all requisite power and authority to
execute and perform its obligations under this Agreement and consummate the transactions
contemplated hereby.
	 
	5.	 	WARRANTIES OF KOLIN
	 
	5.1	 	Kohn warrants and represents to SyntaxBrillian that Kolin a corporation duly organized,
validly and in good standing under the laws of Taiwan.
	 
	5.2	 	Kohn hereby warrants that Kolin has all requisite power and authority to execute and perform
its obligations under this Agreement and consummate the transactions contemplated hereby.
	 
	6.	 	MISCELLANEOUS
	 
	6.1	 	Amendment of Modification. The Provisions of this Agreement may be waived, altered, amended,
or repealed, in whole or in part, only by written consent of all Parties to this Agreement.
	 
	6.2	 	Binding Effect. This Agreement shall be binding upon and shall insure to the benefit of the
Parties to it and their respective heirs, representatives, successors and assigns. None of
the Parties hereto shall assign any of its rights or obligations hereunder except with the
express written consent of the other Parties hereto.

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	6.3	 	Invalidity. It is intended that each paragraph, provision and word of this Agreement shall
be viewed a separate and divisible, and in the event that any paragraph, provision or word
shall be held to be invalid, the remaining paragraphs, provisions or words shall continue to
be in full force and effect, giving such effect to the deleted paragraphs, provisions, words
as may be required to properly interpret the remaining Agreement.
	 
	6.4	 	Descriptive Headings. Descriptive headings contained herein are for convenience only and
shall not control or affect the meaning or construction of any provision of this Agreement.
	 
	6.5	 	Notice. Any and all notices, consents, requests, demands, instructions, approvals or other
communications of this Agreement shall be in writing and shall be deemed duly given on the
date of service personally on the Party to whom the notice given, or within seven (7) days
after mailing, if mailed to the Party to whom notice is to be given, by first class mail,
registered or certified, postage prepaid and properly addressed to the Party by an address
that the Party may have designated; if sent by facsimile, followed by first class mail, upon
receipt of the facsimile; and if sent by electronic mail when the communication is first
stored the other party’s electronic mailbox.
	 
	6.6	 	Choice of Law. This Agreement shall be construed in accordance with and governed by the laws
of the State of Arizona.
	 
	6.7	 	Execution of Counterparts. This Agreement may be executed in one or more counterparts, each
of which shall be deemed an original, but all of which together shall constitute one and same
instrument.
	 
	6.8	 	Attorneys’ Fees. In the event of legal proceedings or arbitration is instituted to enforce,
interpret or for the breach of any of the terms of this Agreement, the prevailing Party shall
be entitled to his, her or its reasonable attorneys’ fees.
	 
	6.9	 	Survival of Warranties, Obligations, Promises and Representations. Any warranty, obligation,
promise or representation of any Party to Agreement shall survive the closing of this
Agreement. This section shall be binding upon and shall inure to the benefit of the Parties to
this Agreement and their respective heirs, representatives, successors and assigns.
	 
	6.10	 	Alternatives Dispute Resolution. If any dispute arises relating to Agreement, the Parties
will attempt in good faith to settle it through mediation conducted by a mediator to be
mutually selected. The Parties will share the costs to the mediator equally. If the dispute
not resolved within 30 days after it referred to a mediator, any Party may file a lawsuit to
enforce this Agreement.

Page 3 of 4

 

	6.11	 	Independent Counsel. Each Party to this Agreement hereby acknowledges that they have been
advised of their right to seek independent legal and/or other counsel regarding the
advisability of entering into this Agreement or consenting to any of the terms contained
herein, and have actually sought such independent advice and counsel or knowingly waived the
right to seek the same.

IN WITNESS WHEREOF, the Parties have executed this Agreement as of dates indicated herein below.

	 	 	 	 	 
	Taiwan Kolin Company Limited	 	 
	 
	 	 	 	 
	Name:

	 	Roger Kao	 	 
	 

	 	Vice President	 	 
	 
	 	 	 	 
	Signed:

	 	/s/ Roger Kao
 

	 	 
	 
	 	 	 	 
	Date:

	 	March 1, 2006	 	 
	 
	 	 	 	 
	SyntaxBrillian Corporation	 	 
	 
	 	 	 	 
	Name:

	 	Vincent Sollitto	 	 
	 

	 	Chief Executive Officer	 	 
	 
	 	 	 	 
	Signed:

	 	/s/ Vincent Sollitto
 

	 	 
	 
	 	 	 	 
	Date:

	 	March 1, 2006	 	 

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