Document:

WEBSITE ASSET PURCHASE AGR EEMENT

EXHIBIT 10.36

WEBSITE ASSET PURCHASE AGREEMENT

This Website Asset Purchase Agreement (the "Agreement ") is made effective on this 1st day of June, 2015, by and between Christopher Fisher, Certified Wolfhunter.com, Facebook.com/SurviveTheStreet with its legal address being 285 Stoney Trail, Maylene, AL 35114 (the "Seller"), and Bright Mountain, LLC , a Florida limited liability company at 6400 Congress Avenue, Boca Raton, FL 33487 (the "Buyer ").

1.

WEBSITE PURCHASE

Subject to the terms and conditions contained in this Agreement the Seller hereby sells and transfers to the Buyer any and all of Seller's rights, title and interest in and to the Website and Internet Domain Name, CertifiedWolfhunter.com and all of its respective contents (the "Website "), and any other rights associated with the Website, including, without limitation, any intellectual property rights including both US Wolfhunter Trademarks serial numbers 86124770 and 86063035, and associated respective registration numbers 4517881 and 4517698 for Marks Registered April 22, 2014 and all related domain names, logos email lists, passwords , usernames and trade names; and all of the related social media accounts including but not limited to, Instagram , Twitter , Facebook.com/SurviveTheStreets, Instagram, and Pinterest at closing and associated other rights are more specifically and particularly identified on Exhibit "A" hereto.

2.

PAYMENT 'TERMS

In consideration for the sale of the Website as defined in paragraph 1 above, the Buyer agrees to pay the Seller the amount of Fifty Thousand Dollars (US $50,000.00) at the June 1, 2015 closing.  

3.

SELLER'S OBLIGATIONS

Seller agrees to facilitate and expedite transfer of the Website and all of its respective contents as defined above at closing. Further, seller will make himself available for up to one hour per week during a 60 day transition period to answer any questions about the purchased assets.

4.

REPRESENTATIONS AND WARRANTIES BY THE SELLER

a)

The Seller has all necessary right, power and authorization to sign and perform all the obligations under this Agreement.

b)

The Seller has the exclusive ownership of the Website and there are no current disputes or threat of disputes with any third party over the proprietary rights to the Website or any of the Website content.

c)

The execution and performance of this Agreement by the Seller will not constitute or result in a violation of any material agreement to which the Seller is a party.

5.

INDEMNITY

The Seller shall indemnify and hold harmless the Buyer against all damages, losses or liabilities, which may arise with respect to the Website, its use, operation or content, to the extent such damage, loss or liability was caused by the wrongful conduct of Seller prior to the effective date of this Agreement.   Such duty to indemnify on the part of the Seller shall terminate as of December 31, 2015.

6.

ADDITIONAL DOCUMENTS

Seller agrees to cooperate with Purchaser and take any and all actions necessary to transfer and perfect the ownership of the Website Registration and Hosting from Seller to Buyer, including providing all necessary passwords and usernames on the closing date and thereafter. While Seller and Buyer acknowledge that this is an Asset Purchase Agreement, Seller understands that Buyer is a public company and falls under SEC guidelines and requirements and may need historic accounting and financial records. Should Buyer require accounting and financial records for audit purposes from Seller at a future time, Seller agrees to facilitate and deliver to Buyer timely, upon written request any and all necessary historical financial records without limitation. 

7.

NON COMPETE

Seller agrees not to compete with Bright Mountain, LLC with any website similar to CertifiedWolfhunter.com for a period of five years.

8.

NOTICE

All notices required or permitted under this Agreement shall be deemed delivered when delivered in person or by certified mail, return receipt requested, with copy sent via  e­ mail, postage prepaid, addressed to the appropriate party at the address shown for  that party at the beginning of this Agreement. The parties hereto may change their addresses by giving written notice of the change in the manner described in this paragraph. Any party hereto may acknowledge receipt of a document or other information by email and expressly waive their right to notice of that document or other information by mail in said email communication.

9.

ENTIRE AGREEMENT AND MODIFICATION

This Agreement constitutes the entire agreement between the parties. No modification or amendment of this Agreement shall be effective unless in writing and signed by both parties. This Agreement replaces any and all prior agreements between the parties.

10.

INVALIDITY OR SEVERABILITY

If there is any conflict between any provision of this Agreement and any law, regulation or decree affecting this Agreement, the provision of this Agreement so affected shall be regarded as null and void and shall, where practicable, be curtailed and limited to the extent necessary to bring it within the requirements of such law, regulation or decree but otherwise it shall not render null and void other provisions of this Agreement.

12.

GOVERNING LAW

This Agreement shall be governed by and construed in accordance with the laws of the State of Florida.

Signed this 1st day of June, 2015.

Seller:

Christopher Fisher 

Signature:  /s/ Christopher Fisher

Buyer: Bright Mountain. LLC

By:  W. Kip Speyer: President 

Signature:  /s/ W. Kip Speyer

Exhibit "A" Website and Associated Rights

·

Domain names:  http://www.certifiedwolfhunter.com

·

Facebook:  http://www.facebook.com/SurviveTheStreet

·

Trademarks:   US Wolfhunter Trademarks serial numbers 86124770 and 86063035, and associated respective registration numbers 4517881 and 4517697 for Trademarks Registered April 22, 2014ADDENDUM TO LEASE

EXHIBIT 10.37

ADDENDUM TO LEASE BETWEEN

OIII REALTY LIMITED PARTNERSHIP, AS LESSOR AND 

BRIGHT MOUNTAIN HOLDINGS, INC., AS LESSEE

1.

ADDENDUM: This Addendum is attached to and made a part of the Lease. Any conflict between the terms of this Addendum and the Lease shall be controlled by this Addendum.

2.

LEASE INFORMATION SHEET: The Lease Informational Sheet is hereby deleted and replaced with the attached Lease Informational Sheet.

3.

PREMISES: For and in consideration of the mutual covenants herein contained, Lessor hereby leases to Lessee, and Lessee hereby rents from Lessor, those certain premises located at 6400 Congress Avenue, Suites 2050 and 2200, Boca Raton, Florida 33487 (“Premises”) which are situated within the building located at 6400 Congress Avenue, Boca Raton, Florida 33487 (“Building”).

4.

TERM. A. The term of this Lease shall be three (3) years and seven (7) months, commencing on the 15th day of August, 2015 and ending on the 14th day of March, 2019 (“Lease Term”). Lessee’s obligation for the payment of Rent shall commence on August 15, 2015 (“Amended Commencement Date”).

5.

RENEWAL: So long as Lessee is not in default hereunder, Lessee shall have the option to renew this Lease for one (1) additional three (3) year term, by providing Lessor written notice of the exercise thereof at least one hundred eighty (180) days prior to the end of the Lease Term. Failure to timely renew the Lease shall terminate all renewal options granted hereunder. The terms Lease Term and the Renewal Term are sometime referred to herein as the “Term.” The Gross Rent for the Renewal Term will be fair market value for like kind office space in Boca Raton, but in no event less than the Rent paid during the Lease Term set forth above plus annual increases set forth on the Lease Informational Sheet.

6.

NO DEFAULT: Lessee represents that all of the provisions of the Lease to be performed by Lessor have been fully and timely performed and complied with and the Lessor is not in default in any way whatsoever under the Lease, nor to the knowledge of the Lessee does there exist any condition or circumstance which, with the giving of notice or the passage of time, or both, would constitute or result in a default by Lessor under the Lease.

7.

TENANT IMPROVEMENTS: Lessor will, prior to the Amended Commencement Date, deliver Suite 2200 "As-Is" with the following changes: patch and paint walls, one (1) coat, substantially the same as the wall color in Suite 2050, steam clean carpet, create an interior opening, finished, no door with threshold between Suites 2050 and 2200 as more specifically set forth on Exhibit A attached hereto and made a part hereof.

8.

BROKERAGE: Lessor and Lessee both represent that they have not dealt with any other real estate broker than Bray Realty Advisors, LLC, as Lessor’s representative in connection with the Lease and this Addendum. Lessor is responsible to pay the commission upon execution hereof, if any.

Except as expressly amended hereby, this Lease, as amended, is in full force and effect.

					
	Lessee:

	 
	Lessor:

	 
	 
	 
	 
	 

	Bright Mountain Holdings, Inc.

	 
	OIII Realty Limited Partnership

	 
	 
	 
	By: OIII Realty, LLC, general partner

	 
	 
	 
	 
	 

	 
	 
	 
	 
	 

	By: 

	 
	 
	By:

	 

	 
	W. K. Speyer, President

	 
	 
	Kamala R. Chapman, Manager

	 
	 
	 
	 
	 

	 
	(Corporate Seal)

	 
	 
	(Partnership Seal)

LEASE INFORMATIONAL SHEET

Lessee’s Name:

Bright Mountain Holdings, Inc.

Lessee’s Address/Phone:

6400 Congress Ave., Suite 2050, Boca Raton, FL 33487

Lessee’s Status/Agent:

Florida Limited Liability Company

Lease Space Sq. Ft.:

4,450 +/-

Commencement Date:

August 15, 2015

Broker Name/Address:

Bray Realty Advisors, LLC, 7450 Liverpool Ct., Boynton Beach, Florida

33472

Annual Rent:

Lease Year

Space

Rent PSF

Annual Gross Rent

1

4,450

$24.21

$107,734.50

2

4,450

$24.94

$110,983.00

3

4,450

$25.69

$114,320.50

4

4,450

$26.46

$ 68,685.75 (7 months)

Monthly Rent (1st Year):

$3,944.08 plus sales tax

Security Deposit

$7,200.00 ($4,700 in Lessor’s possession; $2,500 due at signing)

Renewal Option(s):

one (1) option for three (3) years

Renewal Rent:

The rent for the one (1) three (3) years renewal option will be based on

the greater of last month’s rent or the fair market value of like kind office space within Boca Raton plus three (3%) per year increases.

Parking:

Four (4) non-exclusive parking spaces per one thousand square feet of leased space

Lessee’s Use of Premises:

Headquarters of a Technology Company.

Signage:

interior signage on the directory and suite entry door

Special Provisions:

The terms and conditions set forth above are integrated into the Lease as if set forth therein. 

					
	Lessor:

	 
	Lessee:

	 
	 
	 
	 
	 

	By: 

	 
	 
	By:

	 

	 
	 
	 
	 
	 

	July    , 2015

	 
	July    , 2015

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00248-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00248-of-00352.parquet"}]]