Document:

ex-10.4

 EMPLOYMENT AGREEMENT
 

 THIS EMPLOYMENT AGREEMENT, dated March 15, 2013 (the “Agreement”), is between GAME PLAN HOLDINGS, INC., a Nevada corporation (the “Company”), and ALEXANDER KARSOS (“Employee”), an individual. 
 1.
 POSITION AND RESPONSIBILITIES
 a.
 Position.   Pursuant to this Agreement, Employee shall render services to the Company as a full-time employee in the position of Director of Global Sales.  Employee shall report to the Chief Executive Officer of the Company or such other person as may be designed by the Chief Executive Officer. Employee shall perform such duties and responsibilities as are normally related to such position in accordance with the standards of the industry and any additional duties now or hereafter assigned to Employee by the Chief Executive Officer of the Company.  Employee shall abide by the rules, regulations, and practices as adopted or modified from time to time in the Company’s sole discretion. Employee shall apply his best efforts, skill and knowledge and devote his full business time, attention and energies to the business of the Company in order to perform his duties to the Company.
 b.
 Other Activities.   Except upon the prior written consent of the Company, which may be granted or withheld in the Company’s sole discretion, Employee will not, while employed by the Company, (i) accept any other employment, (ii) engage, directly or indirectly, in any other business activity (whether or not pursued for pecuniary advantage) that might interfere with Employee’s duties and responsibilities hereunder or create a conflict of interest with the Company; or (iii) engage, directly or indirectly, in any other business activity or revenue stream (whether or not pursued for pecuniary advantage) presented to or identified by Employee in the same or similar businesses to those of the Company or related to or arising from the operations of the Company.
 c.
 No Conflict.   Employee represents and warrants that Employee’s execution of this Agreement, Employee’s employment with the Company, and the performance of Employee’s proposed duties under this Agreement, does not and will not violate any obligations the Employee may have to any other employer, person or entity, including any obligations with respect to proprietary or confidential information of any other person or entity.
 2.
 COMPENSATION AND BENEFITS
 a.
 Base Salary.   In consideration of the services to be rendered under this Agreement, the Company shall pay Employee an annual salary at the rate of $65,000 per annum, less all applicable wage deductions (“Base Salary”), along with 150,000 stock options to purchase shares of common stock of the Company.  The Base Salary shall be paid in accordance with the Company’s regularly established payroll practice.  The Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated Employees and may be adjusted in the sole discretion of the Company.
 

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 b.
 Bonus.   Employee may be eligible to receive a discretionary annual bonus, to be determined in the sole and absolute discretion of the Chief Executive Officer of the Company, of up to fifty percent of the Base Salary, based upon the Chief Executive Officer’s evaluation of the performance of Employee, the Company’s operating results and such other criteria as may be determined by the Chief Executive Officer to be relevant.  Employee must be employed on the date such bonus, if any, is paid in order to be eligible for same.
 c.
 Benefits.   Employee shall be eligible to participate in the benefits made generally available by the Company to similarly situated Employees, in accordance with the benefit plans established by the Company and subject to the terms, conditions, limitations and exclusions of the applicable plans, and as may be amended from time to time in the Company’s sole discretion.  The foregoing shall not, in any way, require the Company to establish any such benefits or continue to maintain any such benefits.
 d.
 Expenses.   Upon presentation of verifiable invoices and other documentation as may be requested by the Company, the Company shall reimburse Employee for reasonable business expenses incurred in the performance of Employee’s duties hereunder in accordance with the Company’s expense reimbursement guidelines; provided, however, that Employee shall obtain pre-approval from the Chief Executive Officer for any expense or series of related expenses in the amount of $1,000 or more.
 e.
 Vacation and Holidays.   Employee shall be entitled to two (2) weeks of vacation per year which shall accumulate over a twelve (12) month period.  If an observed holiday occurs during Employee’s vacation, Employee’s vacation will be extended by the number of observed holidays falling during the vacation period or an equal number of vacation days will be carried forward for future use.  If any scheduled paid holiday falls on a Saturday, the holiday will usually be observed on the preceding Friday.  If a scheduled paid holiday falls on a Sunday, the following Monday will usually be observed as the holiday.
 3.
 TERM OF EMPLOYMENT
 Employee’s employment shall begin on the date of this Agreement and shall continue for a period of two (2) years, unless terminated earlier by either party pursuant to Section 4 of this Agreement (the “Employment Term”).  At the end of the Employment Term, this Agreement may be extended or renewed with the mutual, written consent of the Company and the Employee in increments of one (1) year.
 4.
 TERMINATION
 This Agreement may be terminated by either party at any time and for any reason before the expiration of the Employment Term in accordance with the following provisions, and in the event of such termination the Company shall have no financial obligation to Employee except to pay his salary through the date of termination, to continue his medical and other employment benefits through the date of termination and to pay such other compensation as described in this Section 4:
 

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 a.
 Termination by Employee.   Employee may terminate his employment with the Company at any time for any reason or no reason, upon two (2) weeks advance written notice.  During such notice period Employee shall continue to diligently perform all of Employee’s duties hereunder.  The Company shall have the option, in its sole discretion, to make Employee’s termination effective at any time prior to the end of such notice period as long as the Company pays Employee all compensation to which Employee is entitled up through the last day of the four-week notice period.  Thereafter all obligations of the Company to the Employee shall cease.
 b.
 Termination by Company Without Cause.   The Company may terminate Employee’s employment with the Company at any time for any reason or no reason, with or without notice.  If the Company terminates Employee’s employment without Cause, all obligations of the Company under this Agreement shall cease but Company shall, during the period beginning on the date (after the expiration of any and all revocation and cancellation periods and rights) of the Release (as defined below), and ending on the earlier of one month thereafter or the last day of the Employment Term (as in effect immediately prior to termination) continue to pay Employee the Base Salary at the rate in effect at the time of termination, which payments shall be made in accordance with the Company’s regular payroll schedule for salaried Employees as in effect from time to time; provided, however, that the Company’s obligation to pay severance shall in all events terminate if Employee materially breaches any of his post-termination obligations to the Company.  For avoidance of doubt, Employee shall not be entitled to any severance payments if Employee’s employment is terminated for Cause (as defined in Section 4.c), by death or by Disability (as defined in Section 4.e) or if Employee’s employment is terminated by Employee (in accordance with Section 4.a or otherwise).  Notwithstanding the foregoing, it is understood and agreed that the Company’s agreement to pay severance is in consideration of and in exchange for Employee’s promise to execute, upon termination, a release and waiver, in form and substance acceptable to the Company, releasing the Company from any and all claims and liabilities of every nature related to Employee’s employment by the Company through Employee’s date of termination (the “Release”).  Accordingly, if Employee refuses to sign the Release or signs the Release but exercises his right, if any, under applicable law to revoke the Release (or any portion thereof), the Company’s obligation to pay severance will immediately terminate without further obligation on the part of the Company.
 c.
 Termination for Cause.   The Company may, at any time and without notice, terminate Employee’s employment with the Company for Cause.  For purposes of this Agreement, “Cause” shall mean:  (i) Employee commits a crime involving dishonesty, breach of trust, or physical harm to any person; (ii) Employee willfully engages in conduct that is in bad faith and materially injurious to the Company, including but not limited to, misappropriation of trade secrets, fraud or embezzlement; (iii) Employee commits a material breach of this Agreement, which breach (if capable of being cured) is not cured within twenty (20) days after written notice to Employee from the Company; (iv) Employee willfully refuses to implement or follow a lawful policy or directive of the Company, which breach is not cured within twenty (20) days after written notice to Employee from the Company; or (v) Employee engages in misfeasance or malfeasance demonstrated by a pattern of failure to perform job duties diligently and professionally, which failure is not cured within twenty (20) days after written notice to Employee from the Company.  The Company shall pay to Employee all compensation to which 
 

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 Employee is entitled up through the date of termination, subject to any other rights or remedies of the Company under law; and thereafter all obligations of the Company under this Agreement shall cease.
 d.
 Termination By Death.   Employee’s employment shall terminate automatically upon the Employee’s death.  The Company shall pay to Employee’s beneficiaries or estate, as appropriate, any compensation then due and owing up through the date of Employee’s death.  Thereafter all obligations of the Company under this Agreement shall cease.  Nothing in this Section 4.d shall affect any entitlement of Employee’s heirs or devisees to the benefits of any life insurance plan or other applicable benefits.
 e.
 Termination By Disability.   If Employee becomes eligible for the Company’s long term disability benefits or if, in the sole opinion of the Company, Employee is unable to carry out the responsibilities and functions of the position held by Employee by reason of any physical or mental impairment for more than ninety consecutive days or more than one hundred and twenty days in any twelve-month period, then, to the extent permitted by law, the Company may terminate Employee’s employment.  The Company shall pay to Employee all compensation to which Employee is entitled up through the date of termination, and thereafter all obligations of the Company under this Agreement shall cease.  Nothing in this Section 4.e shall affect Employee’s rights under any disability plan in which Employee is a participant.
 5.
 TERMINATION OBLIGATIONS
 a.
 Return of Property.   Employee agrees that all property (including without limitation all electronic devices, equipment, tangible proprietary information, documents, records, notes, contracts and computer-generated materials) which was furnished, created, or prepared incidentally to Employee’s employment belongs to the Company and shall be promptly returned to the Company upon termination of Employee’s employment.
 b.
 Resignation and Cooperation.   Upon termination of Employee’s employment, Employee shall be deemed to have resigned from all offices and positions then held with the Company.  Following any termination of employment, Employee shall cooperate with the Company in the winding up of pending work on behalf of the Company and the orderly transfer of work to other Employees.  Employee shall also cooperate with the Company in the defense of any action brought by any third party against the Company that relates to Employee’s employment by the Company.
 6.
 CONFIDENTIAL INFORMATION
 

 

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 a.
 Obligation to Maintain Confidentiality.   Employee acknowledges that the continued success of the Company depends upon the use and protection of a large body of confidential and proprietary information.  All of such confidential and proprietary information now existing or to be developed in the future will be referred to in this Agreement as “Confidential Information”.  Confidential Information will be interpreted as broadly as possible to include all information of any sort (whether merely remembered or embodied in a tangible or intangible form) that is (i) related to the Company’s prior, current or potential business and (ii) is not generally or publicly known.  Confidential Information includes, without specific limitation, the information, observations and data obtained by Employee during the course of the Employment Term and his performance under this Agreement concerning the business and affairs of the Company, information concerning acquisition opportunities in or reasonably related to the Company’s business or industry of which Employee is aware or becomes aware during the Employment Term, the persons or entities that are current, former or prospective suppliers or customers of any one or more of them during the course of Employee’s performance under this Agreement, as well as development, transition and transformation plans, methodologies and methods of doing business, strategic, marketing and expansion plans, including plans regarding planned and potential sales, financial and business plans, employee lists and telephone numbers, new and existing programs and services, prices and terms, customer service, integration processes, requirements and costs of providing service, support and equipment.  Therefore, Employee agrees that he shall not disclose to any unauthorized person or use for his own account any of such Confidential Information without the Company’s prior written consent, unless and to the extent that any Confidential Information: (i) becomes generally known to and available for use by the public other than as a result of Employee’s acts or omissions to act or (ii) is required to be disclosed pursuant to any applicable law or court order.  Employee agrees to deliver to the Company at the end of the Employment Term, or at any other time the Company may request in writing, all memoranda, notes, plans, records, reports and other documents (and copies thereof) relating to the business of the Company (including, without limitation, all Confidential Information) that he may then possess or have under his control.
 b.
 Ownership of Intellectual Property.   Employee agrees to make prompt and full disclosure to the Company of all ideas, discoveries, trade secrets, inventions, innovations, improvements, developments, methods of doing business, processes, programs, designs, analyses, drawings, reports, data, software, firmware, logos and all similar or related information (whether or not patentable and whether or not reduced to practice) that relate to the Company’s actual or anticipated business, research and development, or existing or future products or services and that are conceived, developed, acquired, contributed to, made, or reduced to practice by Employee (either solely or jointly with others) while employed by the Company (collectively, “Work Product”).  Any copyrightable work falling within the definition of Work Product shall be deemed a “work made for hire” under the copyright laws of the United States, and ownership of all rights therein shall vest in the Company.  To the extent that any Work Product is not deemed to be a “work made for hire”, Employee hereby assigns and agrees to assign to the Company all right, title and interest, including without limitation, the intellectual property rights that Employee may have in and to such Work Product.  Employee shall promptly perform all actions reasonably requested by the Chief Executive Officer (whether during or after the Employment Term) to establish and confirm the Company’s ownership (including, without limitation, 
 

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 providing testimony and executing assignments, consents, powers of attorney, and other instruments).  Employee understands, however, that there is no obligation being imposed on him to assign to the Company, any invention falling within the definition of Work Product for which no equipment, supplies, facility, or trade secret information of the Company was used and that was developed entirely on his own time, unless: (i) such Work Product relates (A) to the Company’s businesses or (B) to their actual or demonstrably anticipated research or development, or (ii) the Work Product results from any work performed by him for them under this Agreement.
 c.
 Third Party Information.   Employee understands that the Company will receive from third parties confidential or proprietary information (“Third Party Information”) subject to a duty on the Company’s part to maintain the confidentiality of such information and to use it only for certain limited purposes.  During the Employment Term and thereafter, and without in any way limiting the provisions of Section 6, Employee will hold Third Party Information in the strictest confidence and will not disclose to anyone (other than personnel of the Company who need to know such information in connection with their work for the Company) or use, except in connection with his work for the Company, Third Party Information unless expressly authorized in writing by the Chief Executive Officer.
 d.
 Use of Information of Prior Employers.   Employee represents and warrants and covenants that Employee shall not disclose to the Company, or use, or induce the Company to use, any proprietary information or trade secrets of others at any time, including but not limited to any proprietary information or trade secrets of any former employer, if any; and Employee acknowledges and agrees that any violation of this provision shall be grounds for Employee’s immediate termination and could subject Employee to substantial civil liabilities and criminal penalties.  Employee further specifically and expressly acknowledges that no officer or other Employee or representative of the Company has requested or instructed Employee to disclose or use any such third party proprietary information or trade secrets.
 7.
 NON-COMPETE, NON-SOLICITATION
 a.
 In further consideration of the Company’s hiring of Employee and the compensation to be paid to Employee hereunder (including severance, if any), Employee acknowledges that during the course of his employment with the Company he shall become familiar with the Company’s trade secrets and with other Confidential Information concerning the Company and that his services shall be of special, unique and extraordinary value to the Company, and therefore, Employee agrees that, during the Employment Term and for two (2) years thereafter (the “Noncompete Period”), he shall not engage in Competition anywhere in the United States unless he first obtains the Company’s written consent (which may be given or withheld in the Company’s sole discretion).
 

 

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 b.
 For purposes of this Agreement, to engage in “Competition” shall mean to: (i) directly or indirectly, own any interest in, manage, control, participate in, consult with, render services for, operate or in any manner engage in any business in which the Company engages, or, to Employee’s knowledge at the date of termination of the Employment Term, has plans to engage (including, without limitation, if the Company, at the date of termination of the Employment Term, is negotiating, or has entered into, an agreement for an acquisition, joint venture or other transaction or the Chief Executive Officer has approved, on or prior to such date, any new line of business, new geographic area, pursuing any acquisition or other similar action), anywhere in the world in which the Company’s products are (or are expected to be, based on existing plans) directly or through third parties marketed or sold at the date of termination of the Employment Term (provided that Employee shall not be prohibited from owning up to 5% of the outstanding stock of a corporation which is publicly traded, so long as Employee has no active participation in the business of such corporation), or (ii) induce or attempt to induce any employee of the Company to leave the employ of the Company, or in any way actively interfere with the relationship between the Company and any employee thereof, or (iii) hire directly or through another entity any person who was employed by the Company at any time during the Noncompete Period, within twelve (12) months following the date of termination of such person’s employment with the Company, or (iv) induce or attempt to induce any customer, supplier, licensee or other business relation of the Company to cease doing business with the Company, or in any way interfere with the relationship between the Company and any customer, supplier, licensee or other business relation thereof (including, without limitation, by inducing or attempting to induce any such person or entity to reduce the amount of business it does with the Company).
 c.
 During the Employment Term and at all times thereafter, Employee shall not disparage the Company or any of their respective investors, officers, managers, employees, agents or representatives, or any of the Company’s products or services; provided, that the foregoing shall not prohibit Employee from making any general competitive statements or communications about the Company or its businesses in the ordinary course of competition after the Noncompete Period has expired.  The Company agrees that it shall not issue any public statements disparaging the Employee.  Notwithstanding the foregoing, nothing in this Section 7 shall prevent Employee or the Company from enforcing either party’s rights under this Agreement or any other agreement to which Employee and the Company are a party, or otherwise limit such enforcement.
 d.
 Employee hereby acknowledges that the enforcement of the provisions of this Section 7 may potentially interfere with his ability to pursue employment opportunities with some third parties.  Employee recognizes and agrees that the enforcement of this Agreement is necessary to ensure the preservation, protection and continuity of the business, trade secrets and goodwill of the Company.  Employee agrees that, due to the proprietary nature of the Company’s businesses, the restrictions set forth in this Agreement are reasonable as to time and scope.  Employee hereby acknowledges that he has been advised to consult with an attorney before executing this Agreement and that he has done so or, after careful reading and consideration, he has chosen not to do so of his own volition.
 

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 8.
 ENFORCEMENT
 If, at the time of enforcement of Section 6 or 7, a court or arbitrator holds that the restrictions stated herein are unreasonable under circumstances then existing, the parties hereto agree that the maximum period, scope or geographical area reasonable under such circumstances shall be substituted for the stated period, scope or area, and the covenants should be interpreted and enforced to the maximum extent which such court deems reasonable.  Because Employee’s services are unique and because Employee has access to Confidential Information and Work Product, the parties hereto agree that money damages would not be an adequate remedy for any breach of this Agreement, and any breach of the terms of Section 6 or 7 would result in irreparable injury and damage to the Company for which the Company would have no adequate remedy at law.  Therefore, in the event a breach or threatened breach of this Agreement, the Company or their successors or assigns, in addition to other rights and remedies existing in their favor and notwithstanding Section 15 of this Agreement, shall be entitled to specific performance and/or immediate injunctive or other equitable relief from a court of competent jurisdiction in order to enforce, or prevent any violations of, the provisions hereof (without posting a bond or other security), without having to prove damages in addition to any other remedies to which the Company may be entitled at law or in equity.  In addition, in the event of an alleged breach or violation by Employee of Section 7, the Noncompete Period shall be tolled until such breach or violation has been duly cured.  The terms of this Section shall not prevent the Company from pursuing any other available remedies for any breach or threatened breach hereof, including but not limited to the recovery of damages from Employee.
 9.
 NAME AND LIKENESS
 Employee hereby grants to Company the right, in perpetuity and throughout the universe, to use Employee’s name, likeness, activities, attributes and/or biography in connection with the production, exhibition, advertising, distribution and other exploitation of the products manufactured, distributed, licensed or sold by the Company (the “Products”) (including, without limitation, articles, promotional materials, television appearances and commercials, programming and interviews) and all subsidiary and ancillary rights therein, in perpetuity, throughout the world and in any and all media, whether now known or hereafter devised, including, without limitation, publications, merchandising and commercial tie-ups; provided, however, that in no event shall Employee be depicted as using or endorsing any product or service without Employee’s prior consent, notwithstanding the foregoing, it is understood and agreed that Company’s use of Employee’s name, likeness, activities attributes and/or biography in connection with any Product already in production as of the date of this Agreement shall constitute an acceptable use of Employee’s name which shall not require Employee’s consent.  The Company agrees to indemnify and hold Employee harmless from any and all claims or causes of action, established or otherwise, arising from or relating to the Company’s use of name or likeness of Employee.
 

 

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 10.
 AMENDMENTS; WAIVERS; REMEDIES
 This Agreement may not be amended or waived except by a writing signed by Employee and by a duly authorized representative of the Company other than Employee.  Failure to exercise any right under this Agreement shall not constitute a waiver of such right.  Any waiver of any breach of this Agreement shall not operate as a waiver of any subsequent breaches.  All rights or remedies specified for a party herein shall be cumulative and in addition to all other rights and remedies of the party hereunder or under applicable law.
 11.
 ASSIGNMENT; BINDING EFFECT
 a.
 Assignment.   The performance of Employee is personal hereunder, and Employee agrees that Employee shall have no right to assign and shall not assign or purport to assign any rights or obligations under this Agreement.  This Agreement may be assigned or transferred by the Company; and nothing in this Agreement shall prevent the consolidation, merger or sale of the Company or a sale of any or all or substantially all of its assets.
 b.
 Binding Effect.   Subject to the foregoing restriction on assignment by Employee, this Agreement shall inure to the benefit of and be binding upon each of the parties; the affiliates, officers, managers, agents, successors and assigns of the Company; and the heirs, devisees, spouses, legal representatives and successors of Employee.
 12.
 NOTICES
 All notices or other communications required or permitted hereunder shall be made in writing and shall be deemed to have been duly given if delivered:  (a) by hand; (b) by a nationally recognized overnight courier service; or (c) by United States first class registered or certified mail, return receipt requested, to the principal address of the other party.  The date of notice shall be deemed to be the earlier of: (i) actual receipt of notice by any permitted means, or (ii) five business days following dispatch by overnight delivery service or the United States Mail.  Employee shall be obligated to notify the Company in writing of any change in Employee’s address.
 13.
 SEVERABILITY
 If any provision of this Agreement shall be held by a court or arbitrator to be invalid, unenforceable, or void, such provision shall be enforced to the fullest extent permitted by law, and the remainder of this Agreement shall remain in full force and effect.  In the event that the time period or scope of any provision is declared by a court or arbitrator of competent jurisdiction to exceed the maximum time period or scope that such court or arbitrator deems enforceable, then such court or arbitrator shall reduce the time period or scope to the maximum time period or scope permitted by law.
 

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 14.
 TAXES
 All amounts paid under this Agreement (including without limitation Base Salary and Severance) shall be paid less all applicable state and federal tax withholdings and any other withholdings required by any applicable jurisdiction.
 15.
 GOVERNING LAW; DISPUTE RESOLUTION
 The parties agree that any dispute, controversy or claim between Employee and the Company based on, arising out of or relating to Employee’s employment under this Agreement or the termination of same, including, without limitation, any and all claims under Title VII of the Civil Rights Acts of 1964 as amended, the Civil Rights Act of 1870, the Americans with Disabilities Act of 1990 as amended, the Americans with Disabilities Act Amendments Act of 2008, the Age Discrimination in Employment Act as amended, the Older Workers Benefit Protection Act, the Fair Labor Standards Act of 1938 as amended by the Equal Pay Act of 1963, the Lilly Ledbetter Fair Pay Act of 2009, the Family and Medical Leave Act, the Employee Retirement Income Security Act of 1974, the Civil Rights Act of 1991, the Genetic Information Nondiscrimination Act of 2008, the Consolidated Omnibus Budget Reconciliation Act, the U.S. Patriot Act, the Sarbanes-Oxley Act of 2002, the Dodd–Frank Wall Street Reform and Consumer Protection Act, the New York State Human Right Law, the New York Labor Law, the New York City Administrative Code and any other federal, state or local civil rights, disability, discrimination, retaliation or labor law, or any theory of contract, criminal, arbitral or tort law, shall be settled by final and binding arbitration in Orange County, California, administered by the American Arbitration Association (“AAA”) pursuant to the National Rules for the Resolution of Employment Disputes of the AAA (“Rules of the AAA”). This Agreement shall be construed in accordance with the laws of the State of New York without reference to the conflict of laws provisions thereof, and judgment upon any resulting arbitration award may be entered in any court of competent jurisdiction.
 16.
 INTERPRETATION
 This Agreement shall be construed as a whole, according to its fair meaning, and not in favor of or against any party.  Sections and section headings contained in this Agreement are for reference purposes only, and shall not affect in any manner the meaning or interpretation of this Agreement.  Whenever the context requires, references to the singular shall include the plural and the plural the singular and references to the masculine pronoun shall include the feminine and the neuter, and the singular shall include the plural.  This Agreement and the provisions contained herein shall not be construed or interpreted for or against any party hereto because that party drafted or caused that party’s legal representative to draft any of its provisions. 
 17.
 OBLIGATIONS SURVIVE TERMINATION OF EMPLOYMENT
 Employee agrees that any and all of Employee’s obligations under this Agreement (other than Section 1) shall survive the termination of employment and the termination of this Agreement in accordance with their terms.  
 

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 18.
 CONFIDENTIALITY
 Employee agrees not to disclose the terms of this Agreement, except to his attorney, tax advisor, immediate family members, as required by law or as may be contemplated hereunder.
 19.
 COUNTERPARTS
 This Agreement may be executed in any number of counterparts, each of which shall be deemed an original of this Agreement, but all of which together shall constitute one and the same instrument. 
 20.
 AUTHORITY
 Each party represents and warrants that such party has the right, power and authority to enter into and execute this Agreement and to perform and discharge all of its obligations hereunder; and that this Agreement constitutes the valid and legally binding agreement and obligation of such party and is enforceable in accordance with its terms.
 21.
 ENTIRE AGREEMENT
 This Agreement constitutes the entire agreement of the Company and Employee relating to the subject matter hereof and supersedes all prior oral and written understandings and agreements relating to such subject matter.  To the extent that the practices, policies or procedures of the Company, now or in the future, apply to Employee and are inconsistent with the terms of this Agreement, the provisions of this Agreement shall control.
 22.
 EMPLOYEE ACKNOWLEDGEMENT
 EMPLOYEE ACKNOWLEDGES EMPLOYEE HAS HAD THE OPPORTUNITY TO CONSULT LEGAL COUNSEL CONCERNING THIS AGREEMENT, THAT EMPLOYEE HAS READ AND UNDERSTANDS THE AGREEMENT, THAT EMPLOYEE IS FULLY AWARE OF ITS LEGAL EFFECT, AND THAT EMPLOYEE HAS ENTERED INTO IT FREELY BASED ON EMPLOYEE’S OWN JUDGMENT AND NOT ON ANY REPRESENTATIONS OR PROMISES OTHER THAN THOSE CONTAINED IN THIS AGREEMENT.
 

 

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 IN WITNESS WHEREOF, the parties have duly executed this Agreement as of the date first written above.
 	 	
	 GAME PLAN HOLDINGS, INC.
 By: /s/ Andrew Bachman
 ANDREW BACHMAN,
 its Chief Employee Officer
	 EMPLOYEE:
 /s/ Alexander Karsos
 ALEXANDER KARSOS, an individual

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 -12-ex-10.5

 SUBLEASE
 

 THIS SUBLEASE,  dated as of the ________  day of September, 2013, by and between Be The Change, Inc., a Massachusetts  corporation  ("the  "Sublandlord")  and Game Plan Holdings LLC a   ______________ limited liability company (the "Subtenant").
 

 WITNESSETH:
 

 WHEREAS,  the Sublandlord entered into that certain Office Lease Agreement  dated as of February  13,2012,  with 112 LLC (the "Landlord")  (the "Master Lease"); and
 

 WHEREAS,  pursuant  to the Master  Lease, Landlord  leased  to the Sub landlord  certain premises  comprised  of approximately  2,438 rentable  square  feet on the fifth (5th)  floor  of the building  located at and known as 112 Water Street, Boston, Massachusetts,  (the "Building"),  as more particularly described in the Master Lease; and
 

 WHEREAS,  Sub landlord is currently the tenant under the Master Lease; and
 

 WHEREAS,  a copy of the Master Lease is attached hereto as Exhibit B; and
 

 WHEREAS,   Subtenant   desires   to  sublease   from   Sublandlord   all  of  Sublandlord's premises  consisting  of approximately  2,438 rentable  square feet being on the fifth (5th)  floor of the  Building   as  outlined  on  the  floor  plan  attached  hereto  as  Exhibit  A  (the  "Subleased Premises"),  and Sublandlord  has agreed to sublease the Subleased Premises  to Subtenant upon the terms and conditions set forth herein; and
 

 WHEREAS, Sublandlord  and Subtenant acknowledge and agree that the execution of this
 Sublease is subject to Landlord's  consent thereto.
 

 NOW, THEREFORE,  in consideration  for Subleased Premises, the above recitals and the covenants herein contained, the parties hereto agree as follows:
 

 1.          Term.
 

 A.        Subject to the full execution  of this Sublease  by Sublandlord and Subtenant  and Landlord's   consent  thereto,  Sublandlord  leases to  Subtenant  and Subtenant  hires  from Sublandlord the Subleased Premises  for a term of three (3) years and seven and one-half (7 1⁄2)  months (hereafter,  the "Term")  commencing  on September  15, 2013 (hereafter, the "Commencement   Date"),  and  expiring  on August  30, 2017  (hereafter,  the  "Expiration Date").
 

 B.        Notwithstanding  the foregoing,  if the term of the Master Lease is terminated  for any reason  prior to the Expiration  Date, this Sublease  shall thereupon  be automatically terminated  without  any  liability  of  Sublandlord  to  Subtenant  by reason  of  such  early termination.   Except  as  otherwise  expressly  provided  in this  Sublease  with  respect  to those obligations  of Subtenant and Sublandlord which by their nature or under the circumstances  can only be,  or under the provisions  of this Sublease may be, performed after the termination  of this  Sublease,  the Term  and  estate granted hereby  shall end at
 

 

 
 

 noon on the date of termination  of this Sublease as if such date were the Expiration Date, and neither  party  shall  have  any  further  obligation  or liability  to the  other after  such termination.    Notwithstanding   the  foregoing,  any  liability  of  Subtenant  to  make  any payment under this Sublease, whether of "Base Rent," "Additional  Rent" (as said terms are hereinafter  defined) or otherwise, which shall have accrued prior to the expiration or sooner termination  of this Sublease, shall survive the expiration or sooner termination  of this Sublease.
 

 C.        Subtenant   waives  the  right  to  recover  any  damages  which  may  result  from Sublandlord's   failure  to  deliver  possession  of the  Subleased  Premises  or  any portion thereof on the Commencement  Date.  If Sublandlord shall be unable to deliver possession of the Subleased  Premises  on the Commencement  Date, and provided  Subtenant  is not responsible  for such inability to deliver possession, the Base Rent, as hereinafter defined, reserved  and  guaranteed  to  be  paid  shall  not  commence  until  the  date  upon  which Sublandlord  delivers  possession  of  the  Premises  to  Subtenant.    No  failure  to  deliver possession   on  the  Commencement  Date  shall  in  any  way  affect  the  validity  of  this Sublease or the obligations of Subtenant hereunder or give rise to any claim for damages by Subtenant  or claim for rescission  of this Sublease, nor shall the same in any way be construed to extend the Term._Notwithstanding  anything to the contrary contained in this Section  I  (C)  or  elsewhere  in this  Sublease,  Sublandlord  shall  deliver  the  Subleased Premises to Subtenant  on the Commencement  Date at 8:00 a.m. as expressly provided in Section VII below.
 

 II.        Provisions Constituting  Sublease.
 

 A.
 This   Sublease  is  subject  and  subordinate   to  the  Master   Lease,  any  and  all subsequent  amendments  or supplemental  agreements thereto  and any and all matters to which  the  tenancy  of  Sublandlord,  as  Tenant  under  the  Master  Lease,  is  or may' be subordinate,  and  Subtenant  shall  in no case  have  any rights  under  this  Sublease  that exceed Sublandlord's rights as Tenant under the Master Lease.
 

 B. 
 Except  as may be inconsistent  with the terms of this  Sublease, all of the terms, covenants  and conditions  of the Master Lease are incorporated  herein by reference as if fully set forth herein, and such terms, covenants and conditions shall be applicable to this Sublease  with  the  same  force  and  effect  as if  Sublandlord  were  Landlord  under  the Master Lease  and Subtenant  were Tenant thereunder,  and in case  of any default under any of the terms of the Master Lease or of this Sublease by Subtenant, Sublandlord shall have all of the rights against Subtenant as would be available to Landlord against Tenant under the Master Lease.  Subtenant shall neither do nor permit to be done anything which would  constitute   a default  under  the  Master  Lease  or  cause  the  Master  Lease  to  be terminated  or forfeited  by reason  of any right  of termination  or forfeiture  reserved  or vested in Landlord thereunder.
 

 C.        Subtenant  agrees that  it shall cause  all employees,  agents,  contractors,  invitees and licensees of Subtenant to abide by all rules and regulations of the Landlord applicable to the Building and/or the Subleased Premises.
 

 

 

 

 

 
 

 D.         Subtenant  acknowledges   that in the event of a termination  of the Master Lease for any reason,  including  but not limited  to an agreement  between  Sub landlord  and Landlord terminating   the Master  Lease,  or re-entry  or dispossession  by Landlord  under the Master Lease,   Landlord   may,   at  its  option,   take  over  all  of  the  right,  title  and  interest   of Sublandlord   hereunder   upon  the  terms  and  conditions   of  this  Sublease,   including   all applicable   terms   and   conditions    of  the  Master   Lease   as  incorporated    herein,   and Subtenant  agrees that it shall,  at Landlord's  option,  attorn to Landlord  as though  Landlord were  Sublandlord  under this  Sublease.   Sub landlord  shall use reasonable  efforts to obtain a Recognition  Agreement  from Landlord.
 

 E.         Subtenant  shall  observe  and perform  for the benefit  of Landlord  and Sublandlord each  and  every  term,  covenant,   condition   and  agreement   of  the  Master  Lease  which Sublandlord  is required  to observe  or perform  with  respect  to the Subleased  Premises  as Tenant  under  the  Master  Lease,  except  for  the  covenants  of  Sub landlord  to  pay  "Base Rent"  (as said term  is defined  in the Master  Lease)   to Landlord  as required  pursuant  to the Master Lease.   In the event that any provisions  of the Master Lease could be construed as  granting   Subtenant   more   rights  than  those  granted  pursuant  to  this  Sublease,   then Subtenant's   rights shall be limited  to those  set forth in this Sublease.
 

 F.         The  consent   of  Landlord   shall  be  required   in  connection   with  any  act  which requires    the    consent    of   Landlord    pursuant    to   the   terms    of   the   Master    Lease, notwithstanding   that  a particular  provision  herein  may not require  Sublandlord's   consent or states that only Sublandlord's   consent  is required.
 

 III.        Rent.
 

 A.         Base  Rent.    Subtenant   shall  pay  annual  rent  (hereinafter,   the  "Base  Rent")  to
 Sublandlord  as follows:
 

 Commencing    on  the  Commencement    Date  and  on  the  first  (1st)  day  of  each calendar  month  thereafter,  through and including the Expiration  Date, Base Rent shall be
 payable  as follows:  
 	 	 	 	
	  
	  
	  
	 Per Square

	 Lease Year
	 Annual Rent
	 Monthly Rent
	 Foot Rent

	  
	  
	  
	  

	Months 1-12
	$65,826.00
	$5,485.50
	$27.00

	  
	  
	  
	  

	Months 13-24
	$65,826.00
	$5,485.50
	$27.00

	  
	  
	  
	  

	Months 25-36
	$65,826.00
	$5,485.50
	$27.00

	  
	  
	  
	  

	Months 37-43'l2
	$41,141.25*
	$5,485.50
	$27.00

 

 * Seven and one-half (7 1⁄2 months)
 

 

 

 

 
 Base  Rent  payable   for  any  period   of  less  than   one  calendar   month   shall  be prorated  based on the number  of days during  such partial  month  included  in the Term out of a thirty-day  calendar  month.
 

 B.         Additional   Rent.   Subtenant  shall pay to Sublandlord  "Additional   Rent"  (as said term  is hereinafter   defined)  for the  same periods  and  in the same  manner  as Base Rent. Additional  Rent  shall be defined  for the purpose  of this  Sublease  as Subtenant's   pro rata share, which  is calculated  as of the date hereof,  as 11.5% of (i) any increase  in Operating Expenses,   as  defined  in  the  Master  Lease,  in  any  calendar  year  during  the  Term  over Operating  Expenses  for the Base  Year,  which  shall  be Calendar  Year  2013  and (ii) any increase  in Taxes in any fiscal year (July  1 -  June 30) during the Term  over Taxes for the Base Year, which  shall be Fiscal Year 2013.   The Additional  Rent for each calendar  year after the Base Year shall be paid  in monthly  installments  during  such calendar  year in an amount reasonably estimated by Sublandlord and communicated by written notice  to Subtenant.  Following  the close of each calendar year, Sublandlord shall compute the amount  of the  Additional   Rent  due  hereunder based  on the  actual Operating Expenses payable  to Landlord  by Sublandlord  for that year, and shall deliver  a statement  thereof to Subtenant.    Subtenant  shall pay to Sub landlord  any deficiency  shown  by such statement within  thirty  (30) days  after receipt  of Sublandlord's  statement.   If the installments paid by   Subtenant   exceed   the   amount   due,  Sublandlord  shall  credit  the excess against payments  next  due to Sublandlord  from  Subtenant  hereunder (provided, however,  that if the Sublease  has expired  and no further payments  are due  Sublandlord, then  Sublandlord shall promptly  remit  such excess to Subtenant).  Delay in computation  of Additional  Rent shall  not  be  deemed  a  default  hereunder  or a waiver of  Sublandlord's  right to collect Additional Rent.
 

 C.         Rent.   Base Rent,  Additional  Rent  and all other  amounts  payable  by Subtenant  to Sublandlord   under  the  provisions   of  this  Sublease  (collectively,   "Rent")   shall  be  paid promptly    when   due,   without    notice   or   demand   therefor,    and   without    deduction, abatement,   counterclaim   or  setoff  of any  amount  for  any reason  whatsoever.     All Rent shall    be    paid    to    Sub landlord     in    lawful     money     of    the    United     States    at ________________________________________________________________________or   tosuch   other   address   as  Sublandlord   may   from  time   to  time   designate   by  notice  toSubtenant.    In the event  any Rent  is not received  by Sublandlord  within  five  (5) days of the due  date,  Sublandlord  shall be entitled  to a late charge  equal to five percent  (5%) of the amount  due, which  shall be payable  on demand.
 

 IV.       Subtenant's   Representations.   Warranties   and Covenants.    Subtenant  represents,  warrants and covenants  as follows:
 

 A.         Subtenant  shall consent  in writing  to any modifications,   amendments,   changes and extensions  to the Master  Lease  made  after the  date of this  Sublease  by Sublandlord  and Landlord.
 

 B.         Simultaneously    with   Subtenant's    execution   and  delivery   of  this   Sublease   toSublandlord,   Subtenant   shall  deposit  $16,456.50  with  Sublandlord   as a security  deposit
 

 

 

 

 
 

 V.        Indemnity  and  Waiver  of  Claims.    Subtenant  shall  indemnify,  defend,  with  counsel reasonably  acceptable to Sublandlord, and hold Sublandlord harmless from and against all losses, costs, damages,  expenses and liabilities including, without limitation,  reasonable attorneys'  fees, which Sub landlord may incur or payout  by reason of this Sublease or the use and occupancy by Subtenant of the Subleased Premises,  including, without limitation:   (a) any accidents, damages or  injuries  to persons  or property  occurring  in, on or about  the  Subleased  Premises;  (b) any breach  or default  of the terms of this  Sublease  or the Master Lease by Subtenant, its officers, employees,  agents,  contractors,  invitees  or licensees,  or any person  claiming through or under Subtenant;  (c) any work done by Subtenant in or to the Subleased Premises; (d) any negligent or willfully wrongful acts or omissions by Subtenant or its officers, employees,  agents, contractors, invitees or licensees, or any person claiming through or under Subtenant;  (e) all loss or damage resulting  from  by  anything  occurring  in  the  Subleased  Premises;   or  (f)  all  loss  or  damage wherever  occurring  resulting  from  the  negligence  or willful  misconduct   of  Subtenant  or  its agents,  employees,   contactors   and  invitees.     Subtenant  hereby   waives   any  claims  against Sublandlord  for  injury  or  damage  to  persons  or property  arising  out  of  Subtenant's  use  or activities,   or  the  use   or  activities   of  Subtenant's   officers,   directors,   employees,   agents, contractors,  invitees  or licensees,  within  the  Subleased  Premises  or portions  of the Building, except to the extent caused by the gross negligence  or willful misconduct  of Sublandlord.   This waiver  of  claims  and  all  indemnities   given  by  Subtenant  in  this  Sublease  shall  survive  the expiration or earlier termination of this Sublease.
 

 VI.       Use.   Subtenant shall use the Subleased Premises  for first class office purposes,  and for no other purposes  without the express written consent of Sublandlord  and Landlord, which may be withheld in the sole and absolute discretion of either party.
 

 VII.      Condition   of  Subleased  Premises.     Provided  that   Sublandlord   and  Subtenant  have executed  and delivered  this  Sublease  and Landlord  has executed  and delivered the Landlord's Consent  hereto  and further  provided  that no emergency,  accident  or Force Majeure  event has occurred,  commencing  on the Commencement  Date, Subtenant hereby agrees that the Subleased Premises  shall  be  subleased  "AS  IS"  and  with  all  faults  and  without  any representations  or warranties  (express, implied or otherwise),  and Subtenant shall take possession  of the Subleased Premises  on the Commencement  Date at 8:00 a.m. and Sublandlord  shall have no obligations to make any alterations,  improvements,  or repairs to the Subleased Premises.   Subject to the terms, provisions,  agreements,  covenants  and conditions  contained  in the Master  Lease  and, further, subject to the prior written  approval  of Landlord,  Subtenant,  at its sole risk, cost and expense, shall have  the right to make  improvements  to the  Subleased  Premises  provided  that any such improvements  are constructed  in a good and workmanlike  manner and in compliance with any applicable laws, rules, regulations, codes and ordinances.
 

 VIII.    Notices.   All notices,  consents, approvals, demands  and requests  (collectively "Notices") which  are required  or desired  to be  given  by either  party  to  the  other  hereunder  shall be  in writing  and  shall be sent by  overnight  mail  by a reputable  courier  or by hand  delivery.   All notices hereunder  shall be effective upon delivery to the receiving party in accordance herewith. All Notices  to Subtenant  shall be addressed  to Subtenant  at the Subleased  Premises  or at such other  address  as  Subtenant  may  from  time  to  time  designate  by  notifying   Sublandlord  in accordance herewith.  All Notices to Sub landlord shall be addressed to Sublandlord as follows:
 

 

 

 

 
 

 Be The Change, Inc.
 1050 Connecticut  Ave NW, Suite 1000
 Washington,  DC 20036
 

 Attention: 
 

 with a required copy at the same time to:
 

 Peter F. Shea, LLC
 2300 Crown Colony Drive
 Suite 203
 Quincy, MA 02169
 Attention: Peter F. Shea, Esq. 
 

 or at such other addresses as Sublandlord may from time to time designate by notifying 
 Subtenant in accordance herewith.
 

 All Notices to Subtenant shall be addressed to Subtenant as follows:  
 

 Game Plan Holdings LLC
 

 Attention: ________________
 

 With a required copy at the same time to:
 

 ________________________________
 

 ________________________________
 

 ________________________________
 

 Or at such other addresses as Subtenant may from time to time designate by notifying Sublandlord in accordance herewith.
 

 IX.
 Assignment and Subletting. Subtenant shall not sublease or assign all or any part of the Subleased Premises except in accordance with the Master Lease and unless:
 

 A.
 Subtenant obtains the prior written consent of Sublandlord, which may be withheld in Sublandlor’s sole and absolute discretion, and of Landlord pursuant to the Master Lease. In no event shall Subtenant have the right to sublet or transfer less than all of the Subleased Premises;
 

 B.
 In the case of an assignment, the assignee shall have assumed in writing, directly for the benefit of Sublandlord, all of the obligations of Subtenant hereunder, and Sublandlord shall have been furnished with a copy of the agreement of assignment and assumption to be utilized in connection therewith, in form and substance reasonably satisfactory to Sublandlord, at least thirty (30) days prior to the commencement date thereof, along with a fully-executed duplicate original of said agreement, which shall contain substantially similar terms to the agreement previously provided to Sublandlord, at least ten (10) days prior to the commencement date thereof; and 
 

 

 

 

 
 

 assumption  to be  utilized  in connection  therewith,  in form  and  substance  reasonably satisfactory  to  Sublandlord,  at least  thirty  (30) days  prior  to the  commencement  date thereof,  along  with  a fully-executed  duplicate  original  of said agreement,  which  shall contain substantially  similar terms to the agreement previously provided  to Sublandlord, at least ten (10) days prior to the commencement date thereof; and
 

 C.         In the case of a sublease, Sublandlord  shall have been  furnished with  a copy of the sublease to be utilized  in connection  therewith  at least thirty  (30) days prior to the commencement   of  the  term  of  such  sublease,  along  with  a  fully-executed   duplicate original  of the sublease,  which  shall contain  substantially  similar terms to the sublease previously provided to Sublandlord, at least ten (10) days prior to the commencement  of the term  of such  sublease,  which  sublease  shall  be in form  and substance  reasonably satisfactory  to  Sub landlord,  and  shall  be  subject  and  subordinate  to  all  of the terms, covenants  and  conditions  of this  Sublease  and the Master Lease  and shall prohibit  the right of the subtenant thereunder  to assign  such sublease or further sublet its subleased premises.
 

 D.        Subtenant shall pay on demand the actual costs and expenses reasonably  incurred by  Sub landlord   and  Landlord,   including,   without  limitation,   reasonable   architects,' engineers'  and attorneys'  fees in connection  with  any such assignment  or sublease  and the  reasonable   costs  of  any  review   and/or  preparation   of  documents   in  connection therewith.    In addition,  Subtenant  shall  be  responsible  and  shall  indemnify  and  hold Sublandlord  harmless   for  any  brokers'   commission  or  other  compensation   owed  or
 claimed to be owed in connection  with any sublease or assignment made by Subtenant. Any  consideration  received  by  Subtenant  which  is  in  excess  of  the  Base  Rent  and Additional  Rent payable to Sublandlord hereunder shall be paid to Sublandlord.
 

 Notwithstanding  the foregoing, the terms of this provision shall apply to each sublease or assignment by Subtenant, and consent to anyone  sublease or assignment by Sublandlord shall  not  constitute  consent  to  any future  subleases  or assignments.    Any  sublease  or assignment  made in violation  of this provision  shall be null and void at the election  of Sublandlord.  If this  Sublease  is assigned  or subleased  by  Subtenant  or the  Subleased Premises  are occupied  by any party  other than  Subtenant,  Sublandlord may, if an Event of Default,  as hereinafter  defmed,  has  occurred,  collect rent  from any  such  assignees, subtenants  or occupants,  and pay the net amount  collected  to the Rent  due hereunder. However,  no such assignment,  subletting,  occupancy  or collection shall be deemed a (i) waiver   of  Subtenant's   obligations  pursuant  to  this  provision;   (ii)  the  acceptance  by Sub landlord of the assignee, subtenant or occupant as a subtenant or assignee hereunder; or (iii) a release of Subtenant from the further performance  of any of the terms, covenants and conditions of this Sublease.
 

 X.        Insurance.   Throughout  the term of this Sublease, Subtenant shall obtain and maintain, at its expense,  the following  insurance  policies:  (a) fire  insurance,  including  extended  coverage, vandalism, malicious mischief, sprinkler leakage and water damage coverage and demolition and debris removal, insuring the full replacement  cost of all improvements,  alterations or additions to the Subleased  Premises,  and all other property  owned or used by Subtenant  and located  in the Subleased  Premises;  (b) commercial  general  liability  insurance,  contractual  liability  insurance and property  damage  insurance  with respect  to the Building  and the Subleased  Premises,  with
 

 

 

 

 

 

 
 

 reasonable  limits to be set by Sublandlord  and approved by Landlord  from time to time but in any  event not less  than  $3,000,000.00,  combined  single  limit  for personal  injury,  sickness  or death  or for  damage  to  or destruction  of property  for  anyone   occurrence;  and (c) insurance against  such  other  risks and  in  such  other  amounts  as  Sublandlord  may  from  time  to time reasonably require, or as may be required by Landlord.  The form of all such policies hereunder shall be subject to Sublandlord's  and Landlord's  approval.   All such policies shall be issued by insurers  acceptable  to  Sublandlord  and  Landlord  and   licensed   to   do   business   in  the Commonwealth   of  Massachusetts   and  shall  contain  a  waiver  of  any  rights  of  subrogation thereunder.    In addition,  the policies  shall name  Sublandlord,  Landlord  and  any other parties designated  by Sublandlord or Landlord  as additional  insureds, shall require  at least thirty days prior written notice to Sublandlord and to Landlord  of termination  or modification,  and shall be primary  and not contributory.    Subtenant  shall, at least ten days prior  to the  Commencement Date, and within ten days prior to the expiration of each such policy, deliver to Sublandlord and to Landlord  certificates evidencing  the foregoing  insurance or renewal thereof, as the case may be.   All provisions  of this Sublease to the contrary  notwithstanding,  Subtenant hereby releases Sublandlord from liability for damage or destruction to the Subleased Premises and contents and improvements  therein,  to the  extent  that  such  damage  or destruction  is  insurable  under  "All Risk"  policies  of fire  insurance  with  extended  coverage  (whether  or not  such coverage  is in effect).
 

 XI.       Alterations.    Subtenant  shall not  make  or  cause,  suffer  or permit  the  making  of any alteration,  addition,  change, replacement,  installation  or addition  (collectively  "Alterations")  in or to the Subleased Premises  unless it obtains the prior written  consent of Sublandlord in each instance,  provides   Sublandlord  with  copies  of  all  applicable  plans  and  specifications   and otherwise  complies  with the requirements  under  the Master  Lease.   Sublandlord  shall have no obligations  whatsoever   to  make  any  repairs  or  Alterations  to  the  Subleased  Premises,  any systems  serving  the  Subleased  Premises  or  to  any  equipment,  fixtures  or  furnishings  in the Subleased Premises, or to restore the Subleased Premises in the event of a fire or other casualty therein.   Nor  shall  Sublandlord  be obligated  to perform  any obligations  of Landlord under  the Master Lease.
 

 XII.      Events of Default.  Each of the following shall be an "Event of Default":
 

 A.        Subtenant's  failure to pay when due any Rent or payment required to be made by
 Subtenant as described in this Sublease.
 

 B.        Subtenant's  failure to keep or perform anyone  or more of the terms or conditions, covenants or agreements of this Sublease, or of the Master Lease which are applicable to the Sublease or the Subleased Premises, which failure continues for five (5) days or more after written notice from Sublandlord (unless such failure requires work to be performed, acts to be done or conditions to be removed, which by their nature cannot reasonably be performed,  done  or removed,  as the case  may be, within  such five  (5) day period,  in which case no Event of Default shall be deemed to have occurred so long as Subtenant shall have commenced curing the same within said five (5) day period and shall diligently and continuously prosecute the same to completion and shall further provide  Sublandlord with bi-weekly written reports of the status of such cure).
 

 C.        The vacation or abandonment  of the Subleased Premises by Subtenant.
 

 

 

 

 

 
 

 D.        The appointment  of a receiver to take possession  of all or substantially  all of the assets  of  Subtenant  for  the  benefit  of  creditors,  or  any  action  taken  or  suffered  by Subtenant under any section or chapter of the Bankruptcy  Code of the United States, as amended,  or under  any similar law or statute of the United  States or any state thereof, unless  in the case of a petition filed against Subtenant, the same is dismissed  within 60 days.
 

 E.         If an Event  of Default  shall  occur,  in addition  to  all other  remedies  under  the Master  Lease,  Sub landlord  shall  have  the  right  and  option,  in  its  sale  and  absolute discretion,  to  elect  to  cure  any  Event  of  Default  by  Subtenant,  and  to  add  all  costs incurred in effectuating  such cure, including reasonable  attorneys'  fees, to the Rent due hereunder.   Such election  shall be made by the act of curing such Event of Default, and Sublandlord  shall  not  be required  to provide  written  notice  thereof  to  Subtenant.    If Sub landlord  does not elect to cure an Event of Default  as set forth herein,  Sublandlord may terminate this Sublease upon written notice to Subtenant.
 

 XIII.
 Reservations   of   Rights   by   Sublandlord.   This   Sublease   shall   not   convey   all   of Sublandlord's  right, title and interest  in and under the Master Lease, but shall convey only the Subleased  Premises  as  described  herein  on the  terms  and  conditions  of  this  Sublease,  and Sublandlord reserves all other rights in, to and under the Master Lease unto itself.
 

 XIV.    Services  and  Utilities.     Subtenant  acknowledges   that  all  services  and  utilities  to  be provided to Subtenant hereunder  are to be provided by the utility provider.   Sublandlord shall not be  liable  for  any  failure  or  delay  on  the  part  of  Landlord  in  performing  any  or  all  of  its obligations  under the Master Lease unless  such failure or delay is caused by the negligence  or willful misconduct  of Sub landlord, and under no circumstances  shall Subtenant have any right to require  or  obtain  the  performance  by  Sublandlord  of  any  obligations  of Landlord  under  the Master Lease or otherwise.   Subtenant's  obligations under this  Sublease shall not be impaired, nor shall the performance  thereofbe  excused, nor shall Subtenant be entitled to any abatement of Rent, because of any failure or delay on the part of Landlord in performing its obligations under the Master Lease.
 

 XV.
 Waiver  of Condemnation  Award.   Subtenant hereby waives any right to the proceeds  of any  award  to  which   Sub landlord  would  be  entitled  pursuant  to  the  Master  Lease  for  any condemnation or taking (or purchase  in lieu thereof) of the Subleased Premises.
 

 XVI.    Broker's  Fees.   Subtenant  represents  and warrants that no broker,  agent or other person has been instrumental  or involved in bringing about this transaction  except for Brown & Wagner, LLC and Newmark  Grubb Knight Frank (collectively  called the "Broker").   Subtenant agrees to indemnify and hold Sublandlord harmless  from and against any claims by any such broker, agent or other person claiming  a commission  or other form of compensation  by virtue of having dealt with Subtenant with regard to this transaction,  other than the Broker.   Sublandlord shall pay the Broker pursuant to a separate agreement.
 

 XVII.  Release of Sublandlord.   The term "Sublandlord"  as used in this Sublease shall be limited to mean  and include  only the owner  or owners  at the time in question  of the Tenant's  interest under the Master Lease,  and in the event of any transfer  or transfers of the Tenant's  interest in
 

 

 

 

 

 
 

 the  Master  Lease,   Sublandlord  herein  named  (and  in  case  of  any  subsequent  transfer  or conveyance,   the  then  transferor   of  the  Tenant's   interest   in  the  Master   Lease)   shall  be automatically  freed  and relieved  from  and after the date of such transfer  of  all liability with respect to the performance  of any covenants or obligations on the part of Sublandlord contained in this Sublease thereafter to be performed.
 

 XVIII.  Surrender of Subleased Premises.   Subtenant shall, upon the termination  of this Sublease and  in accordance with all of the terms of this Sublease and the Master Lease, vacate and surrender the Subleased Premises to Sublandlord, together with all Alterations, in the same condition and repair as  of the date the  Subleased Premises were delivered to  Subtenant, reasonable wear and tear excepted and loss by fire or other casualty excepted.   Subtenant acknowledges that Subtenant shall be solely responsible for any and all restoration obligations with respect to the Subleased Premises imposed upon Sublandlord as Tenant under the Master Lease, except to the extent such restoration obligationsarise as a result of the acts or omissions of Sublandlord. Subtenant's obligation to observe or perform this covenant shall survive the expiration or earlier termination of this Sublease.
 

 XIX.   Estoppel Certificates.  At any time and from time to time within ten (l0) days after a written  request from  Sublandlord, Subtenant shall  execute, acknowledge and  deliver to Sublandlorda written statement certifying: (a) that this Subleasehas not been modified and is in full force and effect or, if there has been a modificationof this Sublease,that this Subleaseis in full force and effect as modified, and stating such modification; (b) the dates to which the Base Rent, Additional Rent and other charges hereunder have been paid; (c) that to the best of Subtenant's knowledge, no defaults exist under this Sublease or, if any defaults do exist, specifying the nature of each such default; and (d) such other matters pertaining to the terms of this Subleaseas Sublandlordmay reasonablyrequest.
 

 XX.    Holdover. Subtenant shall surrender the Subleased Premises to Sublanlord on the date and in the condition required by this Sublease.  In the event that Subtenant holds over in violation of the terms of this Sublease, Subtenant shall be deemed a tenant at sufferance, and shall pay to Sublandlorda daily rental equal to 200% of the daily Rent due hereunder during the last month of the Term, payable in accordance with the terms of this Sublease, and Subtenant shall be liable to Sublandlord for any damages incurred by Sublandlord in connection therewith, including but not limited to any consequential damages incurred by Landlord and charged to Sublandlord, reasonable attorneys' fees and the costs associated with recovering possession of the Subleased Premises. Nothing herein shall be deemed to create a month-to-month tenancy in the  event that  Subtenant holds  over without the  express written consent of Sublandlord. Subtenant's  obligations pursuant  to  this  provision shall  survive the  expiration or  earlier termination of this Sublease.
 

 XXI.   Relocation.  Sublandlord shall have the right to relocate Subtenant into substantially similar space in the Building upon thirty (30) days prior written notice. All terms and conditions hereof shall remain unchanged, except that the monthly installments of Base Rent shall be recalculated to reflect any increase or decrease in the rentable square footage of the Subleased Premises.
 

 XXII.  Governing Law.  This Sublease shall be governed by and construed in accordance  with the laws of the Commonwealth of Massachusetts
 

 .
 

 

 

 
 

 XXIII.  Severability.    If the  application  of  any provision  of this  Sublease,  or any paragraph, sentence, clause, phrase or word in any circumstance is held invalid, the validity of the remainder of this  Sublease  shall not be affected thereby,  and the remainder  shall be construed  as if such invalid part were never included in the Sublease.
 

 XXIV. Landlord's    Consent.   This   Sublease   and   each   party's    obligations   hereunder   are conditioned  and  contingent  upon  the  granting  of consent  of Landlord  hereto  pursuant  to the Master Lease, which consent shall be evidenced  by the Landlord's  execution  of the Landlord's consent   below,  without  the  requirement   of  any  payment  by   Sublandlord  to  Landlord   in connection  therewith, whether  for expenses  or otherwise. If  Landlord's  consent is not obtained within  thirty  (30) days  after  execution  by  Sublandlord  and  Subtenant,  this  Sublease  shall be
 voidable at the option of Sublandlord.
 

 XXV.  No Offer by Sublandlord.   The submission of this Sublease by Sublandlord to Subtenant shall have no binding  force and effect,  shall not constitute  an option  for the subleasing  of the Subleased Premises,  and shall not confer any rights or impose any obligation upon either party. The execution  of this Sublease and its delivery by Subtenant to Sublandlord shall similarly have no binding force and effect unless and until Sub landlord and Subtenant shall have each executed this Sublease and a counterpart thereof shall have been delivered to Subtenant.
 

 XXVI.  Additional  Services  or Materials.    If, during the term of this Sublease,  Subtenant  shall request  from Landlord  and Landlord  shall agree to supply, any additional  services  or materials with  respect  to  the  Subleased  Premises,  Subtenant  shall  be  liable  for  all  bills  rendered  by Landlord for charges incurred or imposed upon Subtenant for such services and/or materials.
 

 XXVII.   Security  Deposit.   Concurrently   with  the  execution  and  delivery   of  this  Sublease, Subtenant shall deposit Sixteen Thousand  Four Hundred Fifty Six and Fifty/lOOths ($16,456.50) Dollars  (the "Security  Deposit")  with Sublandlord.   Sublandlord shall hold the same as security for  the  performance   by  Subtenant  of  all  obligations   on  the  part  of  Subtenant  hereunder. Sublandlord  shall  have  the  right  from  time  to  time  without  prejudice  to  any  other  remedy Sublandlord   may  have  on  account  thereof,  to  apply  such  deposit,  or  any  part  thereof,  to Sublandlord's  damages  arising from,  or to cure, any Event  of Default.   If Sublandlord  shall so apply any or all of the Security Deposit,  Subtenant  shall immediately  deposit with  Sublandlord the amount so applied to be held as security hereunder.   There then existing no Event of Default of  Subtenant,   Sublandlord   shall  return  the  Security  Deposit,  or  so  much  thereof  as  shall theretofore  not been applied in accordance with the terms of this Article XXVII, to Subtenant on the date which  is the last to occur of (i) the date which is sixty (60) days after the last day of the Term  of this  Sublease  or (ii) the date which  is sixty (60) days after the date of delivery  of the entire  Premises  to  Sublandlord  in accordance  with  the terms  of this  Sublease  or (iii) the date which is sixty (60) days after the last of Subtenant's  monetary obligations to Sublandlord under this Sublease have been paid and satisfied in full.
 

 XXVIII.  Liability of Sublandlord.  The obligations  of the Sublandlord shall be binding upon the Sublandlord's  interest   in  the   Subleased   Premises   but  not  upon   any   other  assets   of  the Sublandlord,  and no individual  partner,  agent,  trustee,  stockholder,  officer, manager,  member, director,  employee  or beneficiary  of the Sub landlord shall be personally  liable for performance of the Sublandlord's  obligations hereunder.
 

 

 

 

 

 
 

 XXIX. Authority to Execute  Sublease.  The parties hereto represent and warrant that they have the authority  to execute  this Sublease and to bind the Sublandlord  and Subtenant respectively. Upon  execution  of this  Sublease, the parties shall produce  and exchange  certificates  verifying their respective authority to execute this Sublease.
 

 XXX.  Authority  to Execute  Consent.   Landlord  represents  and warrants that Landlord has the authority to execute its consent to this Sublease and to bind Landlord with respect to those rights and obligations of Landlord expressly undertaken or acknowledged by Landlord hereunder.
 

 XXXI.  INTENTIONALLY  DELETED. XXXII. INTENTIONALLY  DELETED.
 XXXIII.  Access.    Subject  to  any  security  measures,  emergency,  accident  or Force  Majeure,
 Subtenant  shall  have  access  to  the  Subleased  Premises  24  hours  per  day,  7  days  per  week (subject to security  and emergency  measures).   The Building  is open to the public Monday - Friday, excepting holidays,  8:00 am - 6:00 pm.
 

 XXXIV. INTENTIONALLY  DELETED. XXXV. INTENTIONALLY  DELETED.
 XXXVI. Electricity.   Subtenant acknowledges  and agrees that there is a separate electrical meter in the  Subleased  Premises  for the purpose  of measuring  Subtenant's  use and consumption  of electricity in the Subleased Premises.  Subtenant shall make direct payment to the utility provider for any costs and expenses  related  to the use  and consumption  of electricity  in the Subleased Premises.
 

 XXXVII. INTENTIONALLY  DELETED.
 

 XXXVIII. HVAC System.  Subtenant shall be allowed to use the existing HVAC system serving the Subleased Premises  and Subtenant, at its sole risk, cost and expense, shall be responsible  for the maintenance, repair and replacement of said HVAC system.
 

 XXXIX.          Landlord's  Cleaning Responsibility.   Landlord,  at its sole cost and expense, shall be responsible  for the  daily cleaning  of the Subleased  Premises  and the daily removal  of any trash, rubbish or recycled materials therefrom.
 

 

 

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 IN WITNESS WHEREOF, Sublandlord and Subtenant have executed this Sublease as of the day and year first above written.
 

 

 

 

 
 

 	 	
	 SUBLANDLORD:
	 BE THE CHANGE, INC.

	  
	  

	  
	  

	  
	 By: /s/ 

	  
	  

	  
	 Name:  

	  
	  

	  
	 Its:

	  
	  

	  
	 Date: 9/5/13

	  
	  

	 SUBTENANT:
	 GAME PLAN HOLDINGS LLC By:

	  
	  

	  
	 By: /s/ Andrew Bachman

	  
	  

	  
	 Name:  Andrew Bachman

	  
	  

	  
	 Its: CEO

	  
	  

	  
	 Date: 9/3/2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
 LANDLORD'S  CONSENT
 

 Landlord hereby consents to the terms, provisions, agreements,  covenants and conditions contained  in this  Sublease  and the execution and delivery of this Sublease by Sublandlord and Subtenant.
 

 

 

 LANDLORD:                           112 LLC
 a Massachusetts  limited liability company
 

 

 

 

 

 By: /s/ Matthew Piccione
 Name: Matthew Piccione, Manager
 

 

 

 Exhibit A Exhibit B
 Subleased Premises
 Master Lease

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