Document:

EX-10.85

COMMERCIAL LEASE

THIS LEASE, dated as of the 29th day of August, 2005, by and between 200 Railroad Avenue
LLC, a limited liability company organized and existing pursuant to the laws of the State of
Connecticut with a place of business of 200 Railroad Avenue, Greenwich, Connecticut (hereinafter
referred to as “Landlord”) and Warp Technology Holdings, Inc., a corporation organized and
existing pursuant to the laws of the State of Nevada, with an authorization to conduct business
in the State of Connecticut with a current place of business of 151 Railroad Avenue, Greenwich,
Connecticut acting herein by Brian Sisko its Chief Operating Officer hereunto duly authorized
(hereinafter referred to as “Tenant”).

W I T N E S S E T H

1. Demised Premises

Section 1.01

The Landlord, in consideration of the rents, covenants and agreements hereinafter reserved,
mentioned and contained on the part of Tenant, its successors and permitted assigns, to be paid,
kept and performed, has leased, rented, let and demised and by these presents does lease, rent,
let and demise unto Tenant and Tenant does hereby take and hire, upon and subject to the
conditions hereinafter expressed: That part of 200 Railroad Avenue, Greenwich, Connecticut (the
“Building”) located on the third floor consisting of One Thousand Eight Hundred (1,800) square
feet more or less as set forth on Schedule A attached hereto and made a part hereof (the “Demised
Premises”), together with four (4) assigned outdoor parking spaces, one of which space may be
used as tandem parking for up to two cars in said space (see Article 30).

2. Term of Lease

Section 2.01

To have and to hold said Demised Premises unto the Tenant, its successors and permitted
assigns, for a term commencing on the date of this Lease (the “Commencement Date”) and expiring
August 14, 2009 (the “Expiration Date”), as hereinafter defined, unless said term shall sooner
cease and expire pursuant to the terms, conditions or provisions of this Lease. The Rent
Commencement Date is August 15, 2005.

If the Rent Commencement Day does not occur on the first day of a calendar month, Rent,
Additional Rent, costs and expenses due with respect to the month in which the Rent Commencement
Day occurs shall be paid in advance and pro-rated through the end of such month.

Tenant shall, upon the request of the Landlord, join in the execution of a short form, or
memorandum of, Lease setting forth the commencement and expiration dates of the Lease term
hereof, promptly after the same have been ascertained in proper form for local recordation and
Tenant shall each take such further action as may be necessary to permit such recordation.

This Lease is made upon the following covenants, agreements, terms, provisions, conditions
and limitations, all of which Landlord and Tenant covenant and agree to perform and observe.

3. Rent

Section 3.01

Tenant covenants and agrees to pay to Landlord, without previous demand therefore and
without any set off or deduction whatsoever, during the term of this Lease, an aggregate rent
over the term of the Lease of Three Hundred Thirteen Thousand Three Hundred Sixty Two and 00/100
($313,362.00) Dollars (“Rent” or “Annual Rent”) plus Additional Rent, costs and expenses as may
be provided for herein, with rent payable at the following annual rates in equal monthly
installments on the first day of each month.

	 	 	 	 	 	 	 
	
 
	 	LEASE YEARS
	 	ANNUAL RENT
	 	MONTHLY PAYMENT
	 
	 	 	 	 	 	 
	Year 1

Year 2

Year 3

Year 4

	 	08/15/05 to 08/14/06

08/15/06 to 08/14/07

08/15/07 to 08/14/08

08/15/08 to 08/14/09
	 	$73,800.00

$76,752.00

$79,812.00

$82,998.00
	 	$6,150.00

$6,393.00

$6,651.00

$6,916.50

Prior to its occupancy, the Tenant agrees to deposit the sum of Thirteen Thousand Eight
Hundred ($13,800.00) Dollars (the “Security Deposit”) with the Landlord. The Security Deposit
shall be placed in a bank account in the name of the Landlord with all interest earned thereon
being the property of the Landlord.

Section 3.02

Notwithstanding the foregoing, the Annual Rent due shall never decrease from the prior
years’ annual rent for any reason.

4. Use of Demised Premises

Section 4.01

Tenant shall have the right to the full, peaceable and exclusive use and possession of the
Demised Premises as a general office and agrees not to use or permit the Demised Premises to be
used for any other purpose without the prior written consent of the Landlord. Tenant has
completed its due diligence with respect to the applicable zoning and permitted uses for the
Demised Premises and is satisfied that that the Demised Premises are presently zoned to lawfully
permit the use and occupancy for its intended use.

Section 4.02

Tenant, its agents, employees, guests and invitees shall not perform any acts or carry on
any practices which may injure the Demised Premises or could constitute a nuisance or would
disturb, annoy or endanger any other tenant or the general public.

Section 4.03

Tenant agrees that no more than eight (8) employees, independent contractors, agents or
permitted subtenants shall occupy the Demised Premises at any one time. In the event Tenant
violates this provision the Tenant shall have three (3) days to cure the default, notwithstanding
other provisions to the contrary set forth elsewhere in this Lease. Thereafter, Tenant shall pay
to Landlord as Additional Rent the sum of $100.00 for each day the default continues. Nothing
contained herein shall exclude any other remedies of Landlord in the event of such default,
including the right to bring a summary process action against Tenant for possession of the
Demised Premises. Tenant agrees that it shall, upon Landlord’s reasonable request, execute an
affidavit under oath stating that no more than eight (8) employees, independent contractors,
agents or subtenants have occupied the Demised Premises at any one time. Said affidavit shall be
executed and returned to Landlord no later than three (3) days after such request has been made.

5. Alterations

Section 5.01

Tenant shall make no alterations, installations, additions or improvements (the
“Alterations”) in or to the Demised Premises without Landlord’s prior written consent, which
consent shall not unreasonably be withheld, unless such Alterations involve a structural change
to the Building or, in Landlord’s reasonable opinion may adversely affect the Building’s
electrical, plumbing or mechanical systems. Tenant and Landlord shall cooperate and coordinate
in connection with the making of such Alterations as are approved by Landlord hereunder. All
such Alterations shall be performed (i) at Tenant’s sole expense; (ii) in full compliance with
all laws, orders, rules, regulations and requirements of all governmental and municipal
authorities having jurisdiction; and (iii) only by contractor(s) which are approved by Landlord,
which approval shall not be unreasonably withheld. If Landlord determines that the services of
architects, engineers or other professionals are reasonably required in order for Landlord to
review Tenant’s plans and/or specifications for any such Alterations, the fees charged by such
professionals shall be paid by the Tenant as Additional Rent. Landlord’s approval of Tenant’s
plans for such Alterations shall not be deemed to be a statement or representation by Landlord as
to the accuracy or completeness of said plans and specifications or the compliance thereof with
any laws, ordinances, rules or regulations.

1

Section 5.02

If any mechanic’s lien is filed against the Building, or the land on which it is located, as
a result of Tenant’s construction or alterations activities, Tenant shall cause such lien to be
discharged within thirty (30) days by filing the bond provided by law, or by payment or
otherwise. If Tenant fails to so discharge any such lien within said thirty (30) day period,
Landlord may do so without inquiring into the validity of such lien. Any amount so paid by
Landlord, together with interest thereon at the rate of one (1%) percent per month, or any
fraction thereof, shall be paid by Tenant to Landlord and, until so paid by Tenant, shall
constitute and be payable as Additional Rent.

Section 5.03

Prior to commencing any Alterations, Tenant shall deliver to Landlord: (a) copies of all
municipal or governmental permits and authorizations which may be required in connection with
such work; (b) copies of certificates evidencing workmen’s compensation insurance covering all
persons employed in connection with the Alterations and with respect to whom death or bodily
injury claims could be asserted against Landlord, Tenant or the Premises, and (c) copies of
certificates evidencing comprehensive general liability insurance, including contractual
liability insurance, products / completed operations insurance for the mutual benefit of Tenant
and Landlord with limits of not less than $1,000,000.00 in the event of bodily injury to one
person and not less than $2,000,000.00 in respect of any one occurrence, and with limits of not
less than $250,000.00 for property damage, shall be provided by Tenant and all contractors and
subcontractors without cost to the Landlord at all times when any work is in process in
connection with any Alterations. Such insurance shall be in a company or companies of recognized
responsibility reasonably satisfactory to Landlord, the holder of any fee mortgage and all
policies or Certificates of Insurance (unless the original Tenant of this Lease has assigned or
sublet the Demised Premises to another, then such Assignee or Subtenant shall deliver to Landlord
certified duplicates therefore) issued by the respective insurers, bearing notations evidencing
the payment of premiums or accompanied by other evidence satisfactory to Landlord. Tenant or
Tenant’s contractors shall name Tenant and Landlord as additional insureds under such policy(s).

Section 5.04

Any Improvements shall be made promptly, except for delays due to causes beyond Tenant’s
reasonable control, and in a good and workmanlike manner and in compliance with all applicable
permits and authorizations and buildings and zoning laws and with all other laws, ordinances,
orders, rules, regulations and requirements of all federal, state and municipal governments,
departments, commissions, boards and officers, and in accordance with the orders, rules and
regulations of the National Board of Fire Underwriters or any body hereafter exercising similar
functions;

Section 5.05

During the period of improvement, Tenant shall not be relieved of its liability to pay the
Rent and Additional Rent, if any, and other charges payable under this Lease or from any of its
other obligations under this Lease.

Section 5.06

Upon the completion of the Alterations, Tenant shall deliver to Landlord a release of all
liens in form and upon terms acceptable to both parties stating that no liens or attachments have
resulted from Tenant’s improvements to the Demised Premises.

Section 5.07

All erections, alterations, additions and improvements, whether temporary or permanent in
character, which may be made upon the Demised Premises, either by the Landlord or Tenant, except
furniture and trade fixtures installed at the expense of Tenant, shall be the property of the
Landlord and shall remain upon and be surrendered with the Demised Premises as a part thereof at
the expiration or termination of this Lease, without compensation to the Tenant.

6. Repairs

Section 6.01

The Tenant has examined the Demised Premises and accepts them in their present condition and
without any representation on the part of the Landlord or its agents, if any, as to the present
or future condition of said Demised Premises. The Tenant shall keep the Demised Premises in good
condition and shall make all repairs or replacements thereto including light fixtures and light
bulbs (whether regular, fluorescent, halogen or otherwise) as and when the need to preserve the
Demised Premises arises.

Section 6.02

All damage or injury to the Demised Premises or the Building caused or resulting from Tenant
moving property into or out of the Building or by Tenant’s installation of furniture or fixtures
shall be promptly repaired, restored or replaced by Tenant, at Tenant’s sole cost and expense.
If such repair, restoration or replacement is not promptly performed by Tenant, then Landlord
shall, at its option, effect such repairs, restorations or replacements and charge Tenant the
costs of same as Additional Rent. All such repairs, restorations or replacements shall be in
good quality and class equal to the original installations.

Section 6.03

Tenant shall keep and maintain all portions of the Demised Premises in a clean and orderly
condition.

Section 6.04

Notwithstanding the foregoing sections of this Article 6, “Repairs”, Tenant shall not be
required to make structural repairs, restorations or replacements unless caused by Tenant’s
misuse or negligence or necessitated by structural alterations or repairs made by Tenant.

7. Discharge of Liens

Section 7.01

Except as otherwise expressly provided to the contrary, Tenant will not create or permit to
be created or to remain, and will discharge, any lien, encumbrance or charge levied on account of
any mechanic’s, laborer’s or materialman’s lien or any mortgage, conditional sale, title
retention agreement or chattel mortgage, or otherwise, upon the Building or Demised Premises or
any part thereof or the income therefrom, having any priority or preference over or ranking on a
parity with the estate, rights and interest of Landlord in the Demised Premises or any part
thereof or the income therefrom, and Tenant will not suffer any other matter or thing whereby the
estate, rights and interest of Landlord in the Demised Premises or any part thereof might be
impaired.

Section 7.02

If any mechanic’s, laborer’s or materialman’s lien shall at any time be filed against the
Building or Demised Premises or any part thereof, Tenant within thirty (30) days after the notice
of the filing thereof, shall cause the same to be discharged of record by payment, deposit,
bond, order of a court of competent jurisdiction or otherwise, and Tenant shall indemnify and
save harmless the Landlord from any loss, claim or damage, including reasonable attorney’s fees,
resulting therefrom or by reason thereof.

Section 7.03

Nothing in this Lease contained shall be deemed or construed in any way as constituting the
consent or request of Landlord, express or implied by inference or otherwise, to any contractor,
subcontractor, laborer or materialman for the performance of any labor or the furnishing of any
materials for any specific improvement, alteration to or repair of the Building or Demised
Premises or any part thereof, in order to establish a valid mechanic’s lien against the Landlord
by reason thereof.

8. Legal Requirements

Section 8.01

Tenant shall, at its expense, comply with all laws, orders, ordinances and regulations of
federal, state, and municipal authorities with respect to the occupancy, use or manner of use of
the Demised Premises. If Tenant receives written notice of any violation of such law, ordinance,
rule, order or regulation, Tenant shall, in addition to Tenant’s obligation to comply as
aforementioned, give prompt notice thereof to Landlord.

9. Insurance

Section 9.01

During the term, the Tenant, at its own cost and expense, shall provide and keep in force
Commercial General Liability Insurance affording coverage of not less than Two Million
($2,000,000.00) Dollars for bodily injury, including death, and property damage; and all such
policies shall name the Landlord and Allied Property Management, LLC as additional insureds.
Said policy shall be written as a primary policy not contributing with, or in excess of,
insurance that Landlord may have and shall include coverage on an “occurrence basis” rather than
a “claims made” basis. Tenant shall also carry fire and extended coverage property insurance on
all of its personal property, including contents and trade fixtures, and in an amount adequate to
cover the cost of replacement of its fixtures and improvements.

Section 9.02

All such insurance shall be effected under valid and enforceable policies (which may cover
the Demised Premises and other location of Tenant, provided such policy includes a priority claim
endorsement in favor of Landlord), shall be issued by an insurer of recognized responsibility
satisfactory to Landlord, and shall contain a provision whereby the insurer agrees not to cancel
the insurance without thirty (30) days’ prior written notice to Landlord.

Section 9.03

Notwithstanding any other provision of this Lease, in the event of loss or damage to the
Building or the Demised Premises, and/or any contents, Landlord and Tenant agree each to look
first to any insurance directly covering their respective interests before pursuing any claims
against the other party. Landlord and Tenant shall use their best efforts to obtain, for each
policy of such insurance, their respective insurer’s permission to waive any claim against the
other party for causing, or responsibility for, the loss or damage within the coverage or scope
of the insurance, and, for each party for itself and its insurer, to waive all such claims
against the other party and its insurer.

Section 9.04

No more frequently than once every twenty four (24) months, Landlord shall have the right to
review the provisions of this Article and to require reasonable changes in the amounts or types
of insurance, or both, as Landlord may deem reasonably necessary in order to adequately protect
the Landlord’s interests.

Section 9.05

Prior to taking occupancy of the Demised Premises, Tenant shall deliver to Landlord a
certificate or certificates evidencing the aforesaid insurance coverages. Renewal certificates
shall be furnished to Landlord at least thirty (30) days prior to the expiration date of each
policy for which a certificate was heretofore furnished.

Section 9.06

Tenant acknowledges that Landlord shall not be responsible to provide for or carry insurance
on any of Tenant’s personal property or fixtures.

Section 9.07

Tenant agrees to replace at the Tenant’s sole cost and expense any and all glass which may
become broken in and on the Demised Premises, except as may result from the gross negligence of
Landlord, its agents and employees or by an act of God or nature. The burden of proof shall be
on the Tenant that the glass breakage was not caused by the Tenant, otherwise the Tenant shall be
responsible for such glass repair / replacement.

10. Damage by Fire or Other Cause

Section 10.01

If the Building or the Demised Premises shall be partially damaged by fire or other cause
without the fault or neglect of Tenant, Tenant’s servants, employees, agents, visitors or
licensees, the damages thereto (but not including Tenant’s improvements, trade fixtures and stock
in trade) shall be repaired by the Landlord and the Rent and other charges, Additional Rent and
the like payable by Tenant under this Lease shall be apportioned according to the part of the
Demised Premises which is usable by Tenant. But if such partial damage is due to the fault or
neglect of the Tenant, or of Tenant’s servants, employees, agents, visitors or licensees the
damages shall be repaired by Landlord but there shall be no apportionment or abatement of Rent or
the Additional Rent and other charges payable by Tenant under this Lease. No penalty shall
accrue for reasonable delay which may arise by reason of adjustment of insurance on the part of
Landlord and/or Tenant and for reasonable delay on account of “labor troubles”, or any other
cause beyond Landlord’s control.

Section 10.02

If the Building and/or Demised Premises are totally damaged or are rendered wholly
untenantable by fire or other cause, and if Landlord shall decide not to restore or not to
rebuild the same, or if the Building of which the Demised Premises forms a part shall be so
damaged that Landlord shall decide to demolish it, then, or in any such events, Landlord may
within one hundred twenty (120) days after such fire or other cause, give Tenant a notice in
writing of such decision, which notice shall be given as herein provided, and thereupon the Term
of this Lease shall expire by lapse of time upon the third day after such notice is given, and
Tenant shall vacate the Demised Premises and surrender same to Landlord. If Tenant shall not be
in default under this Lease then, upon termination of this Lease under the conditions provided
for in the immediately preceding sentence, Tenant’s liability for rent and other charges payable
by Tenant shall cease as of the day following such notice.

Section 10.03

If the Building and/or the Demised Premises are totally damaged or are rendered wholly
untenantable by fire or other cause, and if Landlord shall decide to restore or rebuild the same,
or if the Building shall be so damaged that Landlord shall decide to demolish it and rebuild the
same or similar building, including space similar to the Demised Premises, then or in any of such
events Landlord may, within one hundred twenty (120) days after such fire or other cause, give
Tenant a notice in writing of such decision, which notice shall be given as herein provided, and
thereupon the Term of this Lease shall not terminate, but shall continue in full force and
effect, and the rent and other charges payable by Tenant under this Lease shall abate and be
suspended for the duration of the restoration or reconstruction of the Demised Premises and until
such time as Tenant may again enter into possession and use and occupancy as existed immediately
prior to the fire or other cause of damage and destruction, provided that the Tenant is able to
lawfully enter into possession, use and occupancy of the Demised Premises within one (1) year
from the date of the fire or other cause of such damage. If the Tenant is not so restored to
possession, use and occupancy of the restored or rebuilt Demised Premises within said one (1)
year period, Tenant shall have the right to elect to terminate this Lease. Nothing in this
paragraph shall be deemed to affect the length of the Term of this Lease.

Section 10.04

No damages, compensation or claims shall be payable to Tenant by Landlord for delay,
inconvenience, loss of business or annoyance arising from any such damage or from any repair or
restoration of all or any portion of the Demised Premises or of the Building.

Section 10.05

No damages, compensation or claims shall be payable to Tenant by Landlord for delay,
inconvenience, loss of business or annoyance arising from any such damage or from any repair or
restoration of all or any portion of the Demised Premises or of the Building.

11. Assignment, Subletting, Mortgaging

Section 11.01

Tenant shall not, by operation of law or otherwise, assign, mortgage or encumber this Lease,
nor sublet or permit the Demised Premises to be used by others, without Landlord’s prior written
consent in each instance. The consent by Landlord to any assignment or subletting shall not in
any manner be construed to relieve Tenant from obtaining Landlord’s prior written consent to any
other or further assignment or subletting.

Upon obtaining a proposal for assignment or sublease, upon terms satisfactory to Tenant,
Tenant shall submit to Landlord a copy of the fully executed proposed assignment or sublease
together with a description of the nature and character of the business of the proposed assignee
or subtenant, and such other information reasonably requested by Landlord together with a
non-refundable fee in the amount of Two Hundred Fifty ($250.00) Dollars. Within thirty (30) days
of the receipt of the foregoing, Landlord shall provide notice to the Tenant that: (i) Landlord
shall consent to such proposed assignment or subletting, because the same is for the entire
Demised Premises and the proposed assignee or sub-tenant is a person or entity which has adequate
and appropriate financial standing, and is of good character and reputation, and is engaged in a
business and proposes to use the Demised Premises in a manner which is wholly in keeping with the
Lease and the standards of the Building, or (ii) that such consent is denied and the reason for
such denial.

Section 11.02

If the Lease shall be assigned, or if the Demised Premises shall be sublet or occupied by
any person or persons other than the Tenant, with Landlord’s consent, the Tenant shall remain
obligated to pay the Rent, Additional Rent, costs and expenses due under this Lease and perform
all of the covenant’s, terms and conditions of this Lease. Landlord may, after default by
Tenant, collect Rent, Additional Rent, costs and expenses from the assignee, subtenant or
occupant and apply the net amount collected to the Rent, Additional Rent, costs and expenses
herein reserved, but no such assignment, subletting, occupancy or collection of rent shall be
deemed a waiver of the covenants in this Article 11, nor shall it be deemed acceptance of the
assignee, subtenant or occupancy as a tenant, or release of Tenant from the full performance by
Tenant of all of the terms, conditions and covenants of this Lease, and Tenant shall remain fully
liable therefore.

Section 11.03

Each permitted assignee shall assume and be deemed to have assumed this Lease and shall be
and remain liable, jointly and severally with Tenant, for the payment of the Rent, Additional
Rent, costs and expenses due hereunder and for the due performance of all terms, covenants,
conditions and agreements herein contained on Tenant’s part to be performed for the Term.

Section 11.04

In the event of any sublease or assignment of the Demised Premises or a portion thereof,
Tenant shall pay to the Landlord a sum equal to (a) one (1/2) half of any Rent, Additional Rent,
costs and expenses or other consideration in excess of the required Rent, Additional Rent, costs
and expenses due hereunder; and (b) one (1/2) half of any other profit or gain realized by Tenant
from such subletting or assignment. All sums payable hereunder by Tenant shall be paid to
Landlord as Additional Rent immediately upon the receipt thereof by Tenant.

Section 11.05

In each instance that the Tenant gives Notice to the Landlord of its intention to assign or
sublet all or any part of the Demised Premises such Notice shall include a copy of the written
bona fide offer to sublet or assign, then and in such event Landlord shall have the right, to be
exercised by giving written Notice to Tenant within forty five (45) days after receipt of
Tenant’s Notice, to recapture the space described in Tenant’s notice, and such recapture notice
shall, if given by Landlord, cancel and terminate this Lease with respect to the space therein
described as of ninety (90) days from the date of Tenant’s notice. If Tenant’s notice shall
cover all of the space hereby demised and Landlord shall give the aforesaid recapture notice with
respect thereto, the term of this Lease shall expire and end on that date which is ninety (90)
days from the date of Tenant’s notice as fully and completely as if that date had been herein
definitely fixed for the expiration of the term.

12. No Liability of Landlord

Section 12.01

Neither Landlord, Landlord’s property manager, nor agent or employees of Landlord shall be
liable to Tenant, its employees, agents, contractors and licensees for any damages to, or loss
(by theft, vandalism or otherwise) of any of Tenant’s property and/or of property of any other
entity or person, irrespective of the cause of such damage or loss, unless caused by Landlord’s
gross negligence. Tenant acknowledges that the employees or agents of Landlord are not
authorized to accept any property of Tenant for purposes of safeguarding the same on behalf of
Tenant of any Tenant’s employees, contractors or agents.

Landlord shall have no liability to Tenant by reason of any inconvenience, annoyance,
interruption or injury to business arising from the making of any repairs or alterations or
performing maintenance services at the Building by Landlord, its contractors, employees or agents
of any other tenant, its contractors, employees or agents provided that such does not materially
interfere with the conduct of Tenant’s business within the Demised Premises for more than forty
eight (48) hours in each instance. Landlord will use its best efforts to restrict any such
inconvenience, annoyance, interruption or injury which may be of a material nature to Tenant’s
business to periods of not more than forty eight (48) hours in duration.

Section 12.02

Tenant agrees that its sole remedies in cases where Landlord’s reasonableness in the
exercise of its judgment or the withholding or delaying of its consent or approval is applicable
and an issue shall be those in the nature of an action or proceeding for an injunction or for
specific performance. In such cases, Tenant hereby specifically waives its rights to money
damages or other remedies (including the right to claim money damages by way of setoff,
counterclaim or defense). Failure by Tenant to seek injunctive or specific performance relief
within ninety (90) days of the date of Landlord’s decision or alleged failure to render a
decision shall be deemed a waiver of any right to dispute such action.

Section 12.03

Tenant shall defend, reimburse, indemnify and save harmless the Landlord, its agents and
employees, from and against any and all liability, costs, expenses and damages, suits, claims,
and demands of every kind and nature, including reasonable counsel fees, which are asserted or
brought or instituted by or on behalf of any person, firm, association or corporation, in
connection with any personal injury, death or property damage which shall or may occur during the
Term, on or about the Demised Premises, and is or may be claimed to be caused by, relate to, or
arise out of or from the negligence or omission of Tenant in connection with the condition,
maintenance, repair, alteration, use, occupation or operation of the Demised Premises, or in
connection with the conduct of Tenant’s business or in connection with any lien or attachment
filed against the Building, as a result of the act or omission of the Tenant in connection
therewith. In the event any action or proceeding is brought against Landlord by reason of any
such claim, Tenant, upon written notice from Landlord, shall also, at Tenant’s expense, resist or
defend such claim, action or proceeding by counsel approved by Landlord in writing, which
approval by Landlord shall not be unreasonably withheld, or by Tenant’s insurer’s counsel.

Additionally, Tenant does and will indemnify and save Landlord harmless against and from all
liabilities, obligations, damages, penalties, claims, costs, charges and expenses, including
reasonable architect’s and attorney’s fees, which may be imposed upon or be asserted against
Landlord by reason of any of the following occurring during the term of this Lease, unless caused
or resulting from the gross negligence of Landlord, its agents, servants or employees: (A) Any
work or thing done in, on or about the Premises or any part thereof by Tenant; (B) Any use,
non-use, possession, occupation, condition, operation, maintenance or management of the Demised
Premises or any part thereof and of any adjoining street, alley, sidewalk, curb, passageway,
overhead bridge, or space; (C) Any negligence, acts or omissions on the part of Tenant or any of
its agents, contractors, servants, employees, licensees or invitees; and (D) Any accident, injury
or damage to any person or property occurring in, on or about the Demised Premises or any part
thereof or any adjoining street, alley, sidewalk, curb, vault, passageway, overhead bridge or
space.

In case any action or proceeding is brought against Landlord by reason of any such claim,
Tenant, upon written notice from Landlord, will at Tenant’s expense resist or defend such action
or proceeding by counsel selected by Tenant subject to approval by Landlord in writing, which
approval Landlord shall not unreasonably withhold. The aforesaid approval shall not be required
when the liability being resisted or defended against is fully covered by insurance.

13. Condemnation

Section 13.01

In the event that the whole or substantially all of the Demised Premises shall be condemned
or taken in any manner, including by agreement between the Landlord and any governmental
authority authorized to exercise such right, for any public or quasi-public use, this Lease shall
forthwith cease and terminate as of the date of vesting of title and the Rent, Additional Rent,
costs and expenses due from Tenant hereunder shall be apportioned and paid to such date of
vesting. In the event that only a part of the Demised Premises consisting of less that one (1/3)
third thereof shall be so condemned or taken, then effective as of the date of vesting of title,
the Rent, Additional Rent, costs and expenses for such part shall be equitably abated and this
Lease shall continue as to such part not so taken.

Section 13.02

In the event of any condemnation or taking, Landlord shall be entitled to receive the entire
award in the condemnation proceeding, including any award made for the value of the estate vested
by this Lease in Tenant, and Tenant hereby expressly assigns to Landlord any and all right, title
and interest of Tenant now or hereafter arising in or to any such award or any part thereof, and
Tenant shall be entitled to receive no part of such award.

14. Entry, Right to Change Common Portions of the Building, etc.

Section 14.01

Tenant shall permit Landlord, its contractors and agents to erect, use and maintain pipes
and conduits in and through the walls and spaces above the ceiling of the Demised Premises; and,
except in emergencies, permit Landlord to enter the Demised Premises a reasonable number of times
and at reasonable hours and upon reasonable notice in the circumstances for the purpose of making
such repairs and alterations thereto as Landlord shall desire, shall be required, or shall have
the right, to make. Landlord and its contractors and agents shall also have the right to enter
the Demised Premises for the purpose of making repairs to the Demise Premises or the Building or
its systems and for inspecting them or exhibiting them to prospective purchasers and mortgagees
or prospective lessees during the last six months of the term of this Lease. Landlord in
connection with repairs to the Building or its systems, shall be allowed to the extent necessary,
and in a reasonable manner, take all material into and upon the Demised Premises that may be
required for the repairs or alterations above mentioned without the same constituting an eviction
of Tenant in whole or in part and the Rent, Additional Rent, costs and expenses due hereunder
shall in no way abate while said repairs or alterations are being made. Landlord shall have the
right to enter and to revise or alter the land and the common portions of the Building.
Notwithstanding the foregoing, Landlord shall not exercise any rights pursuant to this Article in
a manner which will materially interfere with the Tenant’s ability to conduct its business in the
Demised Premises.

15. Bankruptcy

Section 15.01

If at, or before, the Commencement Date or at any time during the Term hereof there shall be
filed against or by Tenant in any court pursuant to any statute either of the United States or of
any State a petition of bankruptcy or insolvency or for reorganization or for the appointment of
a receiver or trustee of all or a portion of Tenant’s assets, and within thirty (30) days
thereafter Tenant fails to secure a discharge or dismissal thereof, or if Tenant shall make an
assignment for the benefit of creditors or petition for or enter into an arrangement or
composition with creditors, or shall take advantage of any statute relating to bankruptcy, this
Lease, at the option of the Landlord, may be canceled and terminated upon five (5) days written
notice from Landlord to Tenant, to the extent not prohibited by such statutes, in which event
neither Tenant nor any person or entity claiming through or under Tenant by virtue of any statute
or of any order of any court shall be entitled to possession or to remain in possession of the
Demised Premises but shall forthwith quit and surrender the Demised Premises.

16. Defaults, Remedies and Waiver of Redemption

Section 16.01

A. In the event that Tenant shall fail to make timely payment of any installment of Rent
for more than five (5) days after such Rent is due then such shall be considered an Event of
Default hereunder.

B. In the event that any Additional Rent, cost or expense remains unpaid for more than ten
(10) days after it becomes due and payable such shall be considered an event of default.

C. In the event that the Tenant permits any other thing to be done either by way of an act
or omission, through negligence or otherwise which is a violation of the Lease then and in such
event Landlord may give Tenant written notice objecting to and specifying such act or omission,
negligence or otherwise and that Landlord shall consider such act or omission, negligence or
otherwise a violation of the Lease and an event of default. Notwithstanding the foregoing, if a
default specified herein this paragraph occurs and such default is of a nature that Tenant cannot
with due diligence cure within ten (10) days, Landlord shall have no right to terminate this
Lease, provided that Tenant commences curing such default within said ten (10) day period and
thereafter diligently pursues such cure until the default is cured. Thereafter, if the default
is not cured in a diligent and timely manner Landlord shall then have the right to terminate this
Lease.

An event of default shall entitle the Landlord to take all action against the Tenant which
the Landlord deems appropriate including, but not limited to, legal and equitable actions,
arbitration and proceeding with a summary process action to dispossess the Tenant due to said
default.

Section 16.02

In the event that this Lease or any interest therein shall, by operation of law or
otherwise, pass from Tenant to any other person, firm, entity, limited liability company or
corporation except in strict compliance with Article 11 then and in such event Landlord may give
to Tenant written notice of intention to terminate the Term of this Lease at the expiration of
eight (8) days from the date of service of such notice. Upon the expiration of said eight (8)
days, this Lease shall terminate with the same effect as if that day were the Expiration Date,
but Tenant shall remain liable for damages as provided hereinafter.

If this Lease shall terminate for any of the above reasons, then Landlord may, without
notice, re-enter the Demised Premises and dispossess Tenant and/or the legal representatives of
Tenant or other occupant of the Demised Premises by summary proceedings, ejectment or as
otherwise provided by law, and remove their effects and hold the Demised Premises as if this
Lease had not been made. Tenant shall, however, remain liable hereunder.

Section 16.03

In case of any such default by Tenant, re-entry by Landlord or the expiration of the Term
hereof, the Landlord, its contractors, agents and legal representatives shall have the right to
and may enter the Demised Premises without being liable for any prosecution or damages therefore,
and shall exercise commercially reasonable efforts to re-let the Demised Premises as the agent of
Tenant and receive the Rent, Additional Rent, costs and expenses therefore, upon such terms as
shall be satisfactory to Landlord, using reasonable business judgment in determining rental
rates, and all rights of Tenant to repossess the Demises Premises shall be forfeited.

Any such re-letting may be of the entire Demised Premises or any part or parts thereof,
either in the name of Landlord or otherwise, for a term or terms, which may at Landlord’s option
be less than or in excess of the period which would otherwise have constituted the balance of the
Term and may provide for rent concessions or free rent. Such re-entry or re-letting, or both, by
Landlord shall not operate to release Tenant from any rent to be paid or covenant to be performed
hereunder by Tenant during the Term. The failure of the Landlord to re-let the Demised Premises
or any part or parts thereof shall not release or affect Tenant’s liability for damages. In
addition, if the Demised Premises, or any part or parts thereof, are re-let, Landlord agrees to
exercise commercially reasonable efforts to re-let the Demised Premises to minimize the losses,
but Landlord shall not be liable for failure to collect the Rent, Additional Rent, costs and
expenses therefore under such reletting provided that Landlord shall exercise commercially
reasonable efforts to collect said Rent, Additional Rent, costs and expenses. For the purposes
of re-letting, Landlord shall be authorized to make such rent concessions, and repairs or
alterations in or to the Demised Premises as Landlord shall deem necessary to place the same in
good order and condition, and such alterations or decorations, and to incur and pay all expenses
of such re-letting, including but not limited to, legal expenses, attorney’s fees and brokerage
fees. Tenant shall not be entitled to any surplus accruing as a result of any such re-letting.

Section 16.04

In the event that the Demised Premises are not re-let, Tenant shall pay to Landlord, on a
monthly basis, an amount equal to the Rent, Additional Rent, costs and expenses due for the then
current period; except that if the Tenant fails to make monthly payments of Rent, Additional
Rent, costs and expenses, when due, Landlord shall be entitled to payment from Tenant as damages
for failure to observe and perform Tenant’s obligations hereunder, of an amount equal to the
Rent, Additional Rent, costs and expenses due for the period which would otherwise have
constituted the balance of the Term. If the Demises Premises are re-let and the net sum realized
or to be realized from such re-letting for the period which would otherwise have constituted the
balance of the Term, is insufficient to satisfy the Rent, Additional Rent, costs and expenses to
be paid by Tenant under this Lease for such period, then Tenant shall pay to Landlord, as damages
for the failure of Tenant to observe and perform Tenant’s obligations hereunder, an amount equal
to such deficiency. Any suit brought to collect the amount of the deficiency for any month or
months shall not prejudice in any way the rights of Landlord to collect the deficiency for any
subsequent month or months by a similar proceeding. Nothing herein contained shall be construed
to limit or preclude recovery by Landlord against Tenant of any sums or damages to which, in
addition to the damages particularly provided above, Landlord may lawfully be entitled by reason
of any default hereunder or otherwise on the part of Tenant. Nothing herein contained shall be
construed to limit or prejudice the right of Landlord to prove for and obtain as damages by
reason of the termination of this Lease, an amount equal to the maximum allowed by any statute or
rule of law in effect at the time when, and governing the proceedings in which, such damages are
to be proved whether or not such amount be greater, equal to, or less than any of the sums
referred to hereinabove.

Section 16.05

Landlord shall make commercially reasonable efforts to re-let the Demised Premises or any
part thereof but shall not be responsible or liable for the failure to collect any Rent,
Additional Rent, costs and expenses due upon any such re-letting, provided that Landlord has made
commercially reasonable efforts to re-let the Demised Premises and collect such Rent, Additional
Rent, costs and expenses.

Section 16.06

Each right and remedy of Landlord provided for in this Lease shall be cumulative and shall
be in addition to every other right or remedy provided for in this Lease or now or hereafter
existing at law or in equity, or by statute or otherwise, and the exercise or beginning of the
exercise by Landlord of any one or more of the rights or remedies provided for in this Lease, or
now or hereafter existing at law or in equity, or by statute or otherwise, shall not preclude the
simultaneous or later exercise by Landlord of any or all other rights or remedies provided for in
this Lease or now or hereafter existing at law or in equity or by statute or otherwise.

17. Covenant of Quiet Enjoyment

Section 17.01

Landlord covenants that so long as Tenant pays all of the Rent, Additional Rent, costs and
expenses due under this Lease and keeps, observes and performs each and every term, covenant,
agreement, condition and provision of this Lease on Tenant’s part to be kept, observed and
performed, and provided that Tenant is not in default under this Lease, Tenant may peaceably and
quietly enjoy the Demised Premises without hindrance or molestation by Landlord or by any other
person or entity lawfully claiming the same, subject nevertheless to the covenants, agreements,
terms, provisions and conditions of this Lease and to any lease or mortgage superior to the
Lease.

18. Utilities

Section 18.01

Landlord shall furnish and pay for: (a) water; (b) electricity; (c) gas; (d) heat; and (e)
hot water to the Demised Premises for the benefit of the Tenant. Tenant shall pay on a monthly
basis, as Additional Rent, for its use of electricity at a rate equal to $2.00 per square foot
per year ($300.00 per month). Tenant’s use of electricity in the Demised Premises shall not at
any time exceed the capacity of any of the electrical conductors, wiring, insulation or other
equipment in or otherwise serving the Demised Premises. Said electric charge shall be subject to
proportionate increase(s) from time to time as incurred by Landlord.

Landlord shall have the right to audit the electrical usage attributable the Demised
Premises. If said electrical usage is found to be in excess of $300.00 per month then Landlord
shall have the right to bill the Tenant for such excess electrical usage. Tenant shall promptly
pay such bill as Additional Rent.

Section 18.02

Landlord shall not be liable in any way to Tenant for any failure or defect in the supply or
character of any utility furnished to the Demised Premises by reason of any requirement, act or
omission of the public utility serving the Building with such utility unless such failure or
defect shall have been caused by the gross negligence of the Landlord, its agents, employees or
contractors.

19. Broker

Section 19.01

Tenant represents to Landlord that there are no brokers involved in this transaction other
than Allied Property Group of Greenwich. Landlord shall be liable for all commissions due Allied
Property Group of Greenwich in accordance with a separate agreement between them. This Lease is
consummated by the Landlord in reliance on the representation of the Tenant that no other broker
or agent brought the Demised Premises to the attention of the Tenant or was in any way a
procuring cause of this Lease. Tenant agrees to indemnify and hold Landlord harmless against the
claim of any other broker or agent for a commission due by reason of this Lease

20. Subordination

Section 20.01

This Lease, and all rights of Tenant hereunder, are and shall be subject and subordinate in
all respects to all present and future mortgages (the “Superior Mortgages”), which may now or
hereafter affect the land upon which the Building is situate and/or the Building and the identity
of which may hereafter be made known to Tenant. The foregoing shall extend to each and every
advance made or hereafter to be made under the Superior Mortgages, and to all renewals,
modifications, replacements and extensions of the Superior Mortgages. The provisions of this
Section 20.01 shall be self-operative and no further instrument of subordination shall be
required. In confirmation of such subordination, however, Tenant shall promptly execute and
deliver any instrument which is reasonably adapted to such purpose, in recordable form if
required, that Landlord, or the holder of any Superior Mortgage or any of their respective
successors in interest, including any mortgagee in possession or purchaser at a foreclosure sale,
any request to evidence such subordination.

Section 20.02

Tenant agrees, without further instruments of attornment in each case, (a) to attorn to the
holder of any Superior Mortgage or any successor to such holder’s interest, including any
mortgagee in possession or purchaser at a foreclosure sale, upon such holder’s or successor’s
request, as the case may be, (b) to waive the provisions of any statute or rule or law now or
hereafter in effect which may give or propose to give Tenant any right of election to terminate
this Lease or to surrender possession of the Demised Premises in the event a Superior Mortgage is
foreclosed, and (c) that Tenant’s obligations under this Lease shall not be affected in any way
whatsoever by any such proceeding or termination (it being understood, however, that such holder
or successor in interest shall under no circumstances be bound by any payment of Rent for more
than one month in advance, except for the Security Deposit, as defined in Article 24, “Security
Deposit” of this Lease, if any). Tenant shall take no steps to terminate this Lease without
giving written notice to the holder of a Superior Mortgage made known to Tenant by Landlord, and
a reasonable opportunity to cure (without such holder being obligated to cure), any default on
the part of Landlord under this Lease. In confirmation of such attornment, Tenant shall promptly
execute and deliver any instrument which is reasonably adapted to such purpose, in recordable
form, if required, that Landlord, or the holder of any Superior Mortgage or any of its successors
in interest, may request to evidence such attornment. Such instrument will confirm and
acknowledge Tenant’s right to quiet enjoyment of the Demised Premises, provided that Tenant is
not in default under any of the provisions of this Lease.

Section 20.03

In the event of any act or omission of Landlord which would provide Tenant the right to
terminate this Lease or to claim a partial or total eviction pursuant to the terms of this Lease,
Tenant shall not exercise any such right until: (i) Tenant has given written notice of such act
or omission to the holder of any Superior Mortgage and of any superior lease of which it has been
given notice; and (ii) a reasonable period, consisting of not less than sixty (60) days from the
giving of such notice by Tenant to the holder of any Superior Mortgage or of any superior lease
of which Tenant has been given notice, for remedying such act or omission shall have elapsed
following such giving of notice during which such parties, or any of them, with reasonable
diligence, has not commenced and continued to remedy such act or omission or to cause the same to
be remedied.

Section 20.04

Tenant agrees, at any time, and from time to time, upon not less than fifteen (15) days
prior notice by Landlord, to execute, acknowledge and deliver without cost or expense to Landlord
or Tenant, a statement in writing certifying that this Lease is unmodified and in full force and
effect (or, if there have been modifications, that the Lease is in full force and effect as
modified and stating the modifications), certifying the dates to which the Rent, Additional Rent,
costs and expenses have been paid, and stating whether or not to the best knowledge of Tenant,
there exists any default in the performance of any covenant, agreement, term, provision or
condition contained in this Lease, and if so, specifying each such default of which Tenant may
have knowledge, it being intended that any such statement delivered pursuant hereto may be relied
upon by the party requesting same by Landlord.

21. Successors and Assigns

Section 21.01

The obligations of this Lease shall bind and benefit the successors and permitted assigns of
the parties with the same effect as if mentioned in each instance where a party is named or
referred to, except that no violation of the provisions of Article 11, “Assignment, Subletting,
Mortgaging” shall operate to vest any rights in any successor or assignee of Tenant, and that the
provisions of this Article 21 shall not be construed as modifying the conditions of limitation
contained in Article 16, “Defaults, Remedies and Waiver of Redemption”.

Section 21.02

Tenant shall look solely to the estate and interest of Landlord, its successors and assigns,
heirs and legal representatives, in the Land and the Building (or the proceeds thereof) for the
collection of a judgment (or other judicial process) requiring the payment of damages or money by
Landlord, and no other property or assets of Landlord, or its members, shall be subject to levy,
execution or other enforcement procedure for the satisfaction of Tenant’s remedies under or with
respect to either this Lease, the relationship of Landlord and Tenant or Tenant’s use and
occupancy of the Demised Premises.

22. Notices

Section 22.01

Notice, for purposes of this Lease, shall be deemed given only if mailed via U.S. Postal
Service, certified mail, return receipt requested, addressed to the appropriate party at the
addresses set forth below. The parties further agree to exercise reasonable efforts to orally
notify the other party any time notice is given.

If to Landlord, then

200 Railroad Avenue, LLC

c/o Allied Property Management, LLC

116 Mason Street

Greenwich, Connecticut 06830

With copy to:

Samuel Bush, Esq.

217 Bedford Street

Stamford, Connecticut 06901

If to Tenant, then:

Warp Technology Holdings, Inc.

200 Railroad Avenue

Greenwich, Connecticut 06830

23. Environmental Hazards

Section 23.01

Notwithstanding any contrary provisions of this Lease whatsoever, Tenant shall not use, or
permit the use of, the Demised Premises, the Building or the Land so as to create or result in,
directly or indirectly, (a) any sudden or gradual spill, leak, discharge, escape, seepage,
infiltration, abandonment, dumping, disposal or storage of any hazardous or industrial waste,
substance or contamination, effluent, sewage, pollution or other detrimental or deleterious
material or substance (including without limitation, asbestos), or the disposal, storage or
abandonment on the Land of any material, tank or container holding or contaminated by any of the
foregoing or residues thereof, of the installation of any material or product containing or
composed of any of the foregoing, in, on from under or above the Land (the foregoing occurrences
being hereinafter collectively referred to as “Environmental Hazard”), or (b) any violation of
any federal, state or local statute, law, code, rule, regulation or order applicable to any
Environmental code, rule, regulation or order applicable to any Environmental Hazard (the
foregoing being hereinafter referred to as “Legal Violation”). In the event of the violation of
the foregoing by Tenant, in addition to all other rights and remedies of Landlord under this
Lease, regardless of when the existence of the Environmental Hazard or Legal Violation is
determined, and whether during the Term or after the Expiration Date, Tenant shall, immediately
upon notice from Landlord, at Tenant’s sole cost and expense, at Landlord’s option, either (a)
take all action necessary to test, identify and monitor the Environmental Hazard and to remove
the Environmental Hazard from the Land and dispose of the same and restore the Land to the
condition existing prior to such removal, and/or to remedy any Legal Violation, all in accordance
with applicable federal, state and local statutes, laws, codes, rules, regulations or orders; or
(b) reimburse Landlord for all costs and expenses incurred by Landlord for engineering or
environmental consultant or laboratory services in testing, investigating, identifying and
monitoring the Environmental Hazard and in removing and disposing of the Environmental Hazard and
in restoring the Land, and/or in remedying and Legal Violation. Tenant shall defend with legal
counsel acceptable to Landlord, indemnify and save harmless Landlord and others in interest
against and from all liabilities, obligations, damages, penalties, claims, costs, charges and
expenses, including architects’ and attorneys’ fees, remediation expenses and disbursements which
may be imposed upon or incurred by or asserted against Landlord and others in interest, whether
by any governmental authority, Tenant or other third party, by reason of any violation by Tenant
of any of the foregoing provisions of this Article 23, “Environmental Hazards”.

24. Security Deposit

Section 24.01

Tenant shall deposit with Landlord, upon the execution hereof, the sum of Thirteen Thousand
Eight Hundred and 00/100 ($13,800.00) Dollars (the “Security Deposit”) for the faithful
performance and observance by Tenant of the terms, provisions and conditions of this Lease. It
is agreed that in the event Tenant defaults in respect of any of the terms, provisions or
conditions of this Lease, including, but not limited to, the payment of Rent, Additional Rent,
costs and expenses, Landlord may draw on the Security Deposit to the extent required for the
payment of such Rent, Additional Rent, costs and expenses or any other sum as to which Tenant is
in default, or any sum which Landlord may expend or may be required to expend by reason of
Tenant’s default in respect of any of the terms, covenants or conditions of this Lease, including
but not limited to, any damages or deficiency in the re-letting of the Demised Premises,
regardless of whether such damages or deficiency occurred before or after summary proceedings or
other re-entry by Landlord. In the event that Landlord does draw on the Security Deposit, Tenant
shall, within ten (10) days of receiving written notice from Landlord, replenish the Security
Deposit by the amount which Landlord withdrew therefrom, and failure to do so within such ten
(10) day period shall constitute a default under this Lease. In the event of a sale of the Land
and the Building, Landlord shall have the right to transfer the Security Deposit to the new
Landlord and upon such transfer, Landlord shall have no further liability for the Security
Deposit.

In the event that Tenant shall faithfully and fully comply with all the terms, conditions
and provisions of this Lease, the Security Deposit shall be returned to the Tenant after the date
fixed at the end of the term of this Lease and after delivery of exclusive possession of the
Demised Premises to the Landlord.

25. Moving Protocol

Tenant shall give Landlord twenty four (24) hours’ notice prior to moving any furniture in
and out of the Demised Premises. Tenant shall, when moving such furniture, use the overhead door
entrance to the lower level ramp which is located on the southeast corner of the Building.

26. Landlord’s Representation

The Landlord hereby represents that the Building is located in the GB Zone and use of the
Demised Premises for general offices is permitted.

27. Sign Control

Section 27.01

Tenant shall not affix, paint, erect or inscribe any sign, projection, awning, signal or
advertisement of any kind to any part of the Demised Premises or Building, including without
limitation, the inside or outside windows or doors, without the written consent of the Landlord
provided that Tenant will be permitted by Landlord to install a company sign on the outside of
Tenant’s door and Landlord will place Tenant’s name on the lobby directory. Landlord shall have
the right to remove any signs or other matter, installed without Landlord’s permission, without
being liable to Tenant by reason of such removal, and to charge the cost of removal to Tenant as
Additional Rent hereunder, payable within ten (10) days of written demand by Landlord.

28. Miscellaneous

Section 28.01

If any term or provision of this Lease or the application thereof to any person or
circumstance shall, to any extent, be invalid or unenforceable, the remainder of this Lease, or
the application of such term or provision to persons or circumstances other than those as to
which it is held invalid or unenforceable, shall not be affected thereby, and each term and
provision of this Lease shall be valid and be enforceable to the fullest extent permitted by law.

Section 28.02

As used herein, the word “Landlord”, at any given time, shall be deemed to mean only the
owner of the fee of the Demised Premises or of Landlord’s interest in this Lease at such time and
the word “Tenant” shall be deemed to include each and every owner of the leasehold interest
created hereby. Any reference herein to a mortgage of the fee shall be deemed to include each
and every assignee of such mortgagee.

Section 28.03

The Rules and Regulations of the Building are attached hereto as Schedule B and made a part
hereof.

Section 28.04

This Lease shall be governed by and construed in accordance with the laws of the State of
Connecticut.

Section 28.05

The failure of the Landlord to insist upon a strict performance of any terms, covenants and
conditions of this Lease shall not be deemed a waiver of any rights or remedies that Landlord may
have and shall not be deemed a waiver of any subsequent breach or default in any of such terms,
covenants and conditions.

Section 28.06

Tenant hereby acknowledges that the execution and delivery of this Lease is a Commercial
Transaction, as that term is defined in Public Act No. 73-431, of the 1973 Connecticut
Legislature, and as amended from time to time, and it hereby expressly and voluntarily waives any
and all rights which it may have under said Act for notices and hearing with respect to any
prejudgment remedy or remedies, as that term is therein defined, and hereby consents to the
issuance of any writ for any such prejudgment remedy or remedies on behalf of Landlord with
respect to any lawsuit or cause of action relating to this Lease and/or any claim incident
thereto without Landlord having to first obtain a court order permitting same, as might otherwise
be required under said Public Act No. 73-431.

Section 28.07

It is understood and agreed that no representations have been made by either party other
than those set forth in this Lease and that no party shall be bound or held to any
representations other than as are set forth in this Lease.

Section 28.08

Notwithstanding any cancellation or termination of this Lease, nothing herein shall be
construed to release Tenant from any liability or responsibility (whether then or thereafter
occurring) with respect to any acts, omissions or obligations of Tenant occurring prior to such
cancellation or termination, all of which shall survive such cancellation or termination.

Section 28.09

Upon the expiration or other termination of the Term, Tenant shall quit and surrender the
Demised Premises in good order and condition, ordinary wear and tear and damage by fire or other
casualty, the elements and any cause beyond Tenant’s control excepted. Tenant acknowledges that
possession of the Demised Premises must be surrendered upon the expiration or sooner termination
of this Lease, time being of the essence. Tenant shall reimburse, indemnify and hold Landlord
harmless from any loss, cost or expense, including reasonable attorney’s fees, resulting from
Tenant’s failure to vacate the Demised Premises in a timely fashion. In addition, Tenant agrees
to pay for use and occupancy of the Demised Premises after the expiration or sooner termination
of this Lease a rate equal to the greater of (i) 150% of the fair market rent for the Demised
Premises at such time, or (ii) 150% of the Rent, Additional Rent and other charges, if any,
payable immediately prior to such termination or expiration. No such payment shall, however,
serve to renew or extend the Term of this Lease. The parties agree that there shall be no
presumption that the last rent Tenant was obligated to pay shall be the fair market rent.

Section 28.10

This Lease and the obligations of Tenant to pay Rent, Additional Rent, charges and expenses
hereunder and perform all of the other covenants, agreements, terms, provisions and conditions
hereunder on the part of Tenant to be performed shall in no way be affected, impaired or excused
because Landlord is unable to fulfill any of its obligations under this Lease if Landlord is
prevented from doing so by reason of any delays, including but not limited to, by reason of
strike or labor troubles, government pre-emption in connection with a national emergency, or by
reason of conditions of supply and demand which nave been or are affected by war or other
emergency.

Section 28.11

If any installment of Rent is past due and not received by the Landlord within five (5) days
of receipt by Tenant of written notice from Landlord of non-payment of Rent, the Tenant shall
promptly pay to Landlord a “late charge” of five (5%) percent of the amount of such payment.

29. Attorney’s Fees

Section 29.01

Tenant shall pay for all reasonable attorney’s fees incurred by Landlord in all matters
arising in connection with this Lease and where the act(s) or omission(s), negligence or
otherwise of the Tenant reasonably requires the Landlord to retain the services of an attorney.
In the event it becomes necessary for the Landlord to retain an attorney as aforesaid, Tenant
shall, upon delivery of an invoice for such reasonable legal fees, promptly pay same as
Additional Rent. Failure to pay such reasonable attorney’s fees shall be deemed an event of
default.

30. Parking

Landlord shall provide four (4) assigned surface parking spaces for use by the Tenant with
one (1) of said parking spaces being able to accommodate two cars, unless said parking
arrangement is disallowed by local or state law or if Landlord receives notice from a
governmental unit, including the building department or the fire department, requesting or
requiring only one space to be utilized by one vehicle at any one time.

31. Landlord’s Obligations

A. Landlord shall provide twenty four hours per day, seven day a week access to the
electrical and elevator service. Tenant shall have access to the common areas of the Building
and the Demised Premises 24 hours per day, 7 days per week subject, however, to conditions and
events which are outside of the control of the Landlord.

B. Heating, ventilating and cooling systems (the “HVAC”) will be in normal operation from
8:00 a.m. through 6:00 p.m. Monday through Friday and 8:00 a.m. through 12:00 p.m. on Saturdays.
At all other times the HVAC will be operated at moderate levels.

C. Landlord shall five days per week, Monday through Friday, have all common areas
including elevators, lobby and all bathrooms cleaned and replace bathroom supplies on a regular
basis.

D. Landlord shall install one wall and door at the southeast corner of the office in order
to create one new “enclosed” office.

32. Appurtenances

The Premises includes the right of ingress and egress thereto and therefrom together with
use of all of the common hallways and stairways provided, however, Landlord reserves the right to
make changes, additions and alterations to the Building, and the fixtures, systems, chases,
ducts, utilities and equipment thereof, in the street entrances, doors, halls, corridors,
lobbies, passages, ceilings, floors, conduits, stair-ways, and other parts thereof which Landlord
may deem reasonably necessary or desirable, especially with respect to Landlord’s intended
build-out, renovation and completion of the Building provided same does not materially affect
ingress to and egress from the Premises, prohibit Tenant’s use of the bathrooms, nor materially
or adversely affect Tenant’s use or visibility of the Premises, nor decrease the square footage
of the Premises more than a de minimus amount, nor increase Tenant’s obligations hereunder. Any
work done by Landlord shall be in a good workmanlike manner, performed diligently and promptly,
free of liens and violations, and using first class materials.

33. Reservation of Landlord

Landlord reserves the right to place, maintain, repair and replace such utility lines,
ducts, wires, conduits, pipes, tunneling, and the like in, under, over and upon the Premises as
may be reasonably necessary or advisable for the servicing of the Premises or of other portions
of the Building especially with respect to Landlord’s intended build-out, renovation and
completion of the Building provided same does not materially affect ingress to and egress from
the Premises, nor materially or adversely affect Tenant’s use or visibility of the Premises, nor
materially decrease the square footage of the Premises, nor increase Tenant’s obligations
hereunder. Whenever possible and practical, any utility lines, ducts, wires, conduits, pipes and
the like shall be placed above the ceilings, behind the walls or under the floor of the Premises.
Any work done by Landlord shall be in a good workmanlike manner, performed diligently and
promptly, free of liens and violations, and using first class materials. Landlord reserves the
exclusive right to use the roof and exterior walls of the Demised Premises and of the Building,
but not the Tenant’s retail facade.

34. Access

Landlord’s agents, employees, contractors, prospective purchasers, prospective mortgagees
and prospective tenants shall have the right to enter the Demised Premises at reasonable hours
upon reasonable notice to Tenant, except in the case of an emergency for which no notice shall be
required and entry shall be permitted at any time, for the purpose of inspecting the same and,
Landlord, its employees, agents and contractors shall have the right to enter the Premises at any
reasonable time upon reasonable notice to Tenant, except in the case of an emergency for which no
notice shall be required and entry shall be permitted at any time, for the purpose of making
repairs thereto and to the Building and its mechanical systems, for the purpose of performing the
services to be performed by Landlord pursuant to the terms hereof, for the purpose of installing,
repairing, or maintaining conduits, ducts, wires, pipes and the like, or constructing new
improvements in the Building, and for the purpose of curing any violations of rules and
regulations or defaults under this Lease created by or suffered by Tenant. In exercising its
rights hereunder, Landlord shall use its best efforts not to unreasonably interfere with Tenant’s
use of, access to or visibility of the Premises.

35. Shoring

If any excavation or construction is made adjacent to, upon or within the Building, or any
part thereof, Tenant shall afford to any and all persons causing or authorized to cause such
excavation or construction license to enter upon the Demised Premises for the purpose of doing
such work as such persons shall deem necessary to preserve the Building or any portion thereof
from injury or damage and to support the same by proper foundations, braces and supports, without
any claim for damages or indemnity or abatement of rent, or of a constructive or actual eviction
of Tenant; provided, however, that in the event Landlord or Landlord’s agents are performing such
work, Landlord will take reasonable efforts to minimize any inconvenience to, or interruption of,
Tenant’s normal business operations.

36. Limitation of Liability

Anything in this Lease to the contrary notwithstanding, Tenant agrees that it shall look
solely to the estate and property of the limited liability company Landlord in the Building and
underlying real property together with the rents and proceeds thereof and any insurance payable
in connection therewith, subject to any prior rights of any mortgagee of the premises and any
ground lessor’s rights under a leasehold interest of said land or Building or part thereof, if
any, for the collection of any judgment, or other judicial process, requiring the payment of
money by Landlord, and no other assets of the Landlord shall be subject to levy, execution or
other procedures for the satisfaction of Tenant’s remedies. In no event shall Landlord or any
agent or employee of Landlord be liable for any consequential damages of any type.

37. Force Majeure

Landlord shall be excused for the period of any delay in the performance of any obligations
hereunder, when prevented from so doing by cause or causes beyond its reasonable control which
shall include, without limitation, all labor disputes, civil commotion, war, war-like operations,
acts of terrorism, invasion, rebellion, hostilities, military or usurped power, sabotage,
governmental regulations or controls, fire or other casualty, and inability to obtain any
material, services or financing or through Acts -of God. Tenant shall similarly be excused for
delay in the performance of obligations hereunder provided:

(a) nothing contained in this Section or elsewhere in this Lease shall be deemed to excuse
or permit any delay in the payment by Tenant of any sums of money required hereunder, or any
delay in the cure by Tenant of any default which may be cured by the payment of money; and

(b) no reliance by Tenant upon this Section shall limit or restrict in any way the
respective parties’ right of self-help as provided in this Lease.

38. Holding Over

Any holding over by Tenant after the expiration of the or earlier termination of this Lease
shall be treated as a daily tenancy at sufferance at a rate equal to two (2) times the last
Annual Rent, scheduled periodic Additional Rent and other charges herein provided, prorated on a
daily basis, and shall otherwise be on the terms and conditions set forth in this Lease as far as
applicable. In addition, Tenant shall pay Landlord for all damages sustained by Landlord as a
result of Tenant’s holding over including, without limitation, those sustained by Landlord’s
failure to deliver the Premises to a new tenant.

	 	 	 
	IN WITNESS WHEREOF, the respective parties hereto executed the foregoing Lease.

	 
	 	 
	Landlord, 200 Railroad Avenue LLC

/s/ Thomas Torelli

By:

Its:

	 	

Thomas Torelli

Manager

	 	 	 
	 	 	

             Tenant, Warp Technology Holdings, Inc.
             /s/ Brian Sisko
             By:                            Brian Sisko
             Its:                           Chief Operating Officer
Tenant, Warp Technology Holdings, Inc.	 
	 	 	/s/ Brian Sisko	 	 	 
	 	 	By:	 	 	Brian Sisko
	 	 	Its:	 	 	Chief Operating Officer

2SERVICER APPOINTMENT, ASSUMPTION AND 

AMENDMENT AGREEMENT

 

THIS SERVICER APPOINTMENT, ASSUMPTION AND AMENDMENT AGREEMENT (this “Agreement”), dated as of September 1, 2005, is by and among Nomura Asset Acceptance Corporation, as depositor (the “Depositor”), Nomura Credit & Capital, Inc., as seller (the “Seller”), GMAC Mortgage Corporation, as a servicer (“GMACM”), Wells Fargo Bank, National Association, as a servicer (“Wells Fargo”), Wells Fargo Bank, National Association, as master servicer (the “Master Servicer”) and securities administrator (the “Securities Administrator”), and HSBC Bank USA, National Association, as trustee (the “Trustee”).

 

W I T N E S S E T H

 

WHEREAS, the Depositor, the Seller, GMACM, the Master Servicer, the Securities Administrator and the Trustee entered into the Pooling and Servicing Agreement (the “Pooling and Servicing Agreement”), dated as of June 1, 2005, relating to Nomura Asset Acceptance Corporation, Mortgage Pass-Through Certificates, Series 2005-AP2;

 

WHEREAS, pursuant to Section 7.06 of the Pooling and Servicing Agreement, the Seller has the right to terminate GMACM as Servicer of the Mortgage Loans set forth on Schedule 1 attached hereto (the “Transferred Mortgage Loans”) without cause upon the satisfaction of certain conditions set forth in the Pooling and Servicing Agreement;

 

WHEREAS, the Depositor and the Seller desire to amend certain provisions of the Pooling and Servicing Agreement to better effectuate the replacement of GMACM as the Servicer thereunder with respect to the Transferred Mortgage Loans; 

 

WHEREAS, Section 11.01 of the Pooling and Servicing Agreement provides that the Pooling and Servicing Agreement may be amended from time to time by parties thereto, without the consent of any of the Certificateholders to cure any ambiguity, to correct or supplement any provisions herein, to change the manner in which the Distribution Account maintained by the Trustee or the Custodial Account maintained by the Servicer is maintained or to make such other provisions with respect to matters or questions arising under this Agreement as shall not be inconsistent with any other provisions herein if such action shall not, as evidenced by an Opinion of Counsel, adversely affect in any material respect the interests of any Certificateholder; provided that any such amendment shall be deemed not to adversely affect in any material respect the interests of the Certificateholders and no such Opinion
of Counsel shall be required if the Person requesting such amendment obtains a letter from each Rating Agency stating that such amendment would not result in the downgrading or withdrawal of the respective ratings then assigned to the Certificates;

 

 

 

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and of the mutual covenants herein contained, the parties hereto agree as follows:

 

SECTION 1. Defined Terms.

 

For purposes of this Agreement, unless the context clearly requires otherwise, all capitalized terms which are used but not otherwise defined herein shall have the respective meanings assigned to such terms in the Pooling and Servicing Agreement. 

 

SECTION 2. Appointment of Servicer.

 

 (a)         The Seller hereby proposes that Wells Fargo be appointed as a Servicer under the Pooling and Servicing Agreement with respect to the Transferred Mortgage Loans and subject to the satisfaction of the conditions precedent set forth in Section 5 of this Agreement, the Seller will provide written notification to GMACM of its termination as Servicer under the Pooling and Servicing Agreement with respect to the Transferred Mortgage Loans to be effective on September 1, 2005 (the “Termination Date”).

 

 (b)        In connection with the appointment of Wells Fargo as a Servicer under the Pooling and Servicing Agreement, on the Termination Date, the Seller shall cause Wells Fargo to reimburse GMACM for all outstanding Advances and Servicing Advances due and owing to GMACM under the Pooling and Servicing Agreement in connection with GMACM’s servicing and administration of the Transferred Mortgage Loans prior to the Termination Date.

 

 (c)         The Master Servicer, subject to the satisfaction of the conditions precedent set forth in Section 5 of this Agreement, consents to the appointment of Wells Fargo as a Servicer under the Pooling and Servicing Agreement and hereby designates Wells Fargo as the Servicer of the Transferred Mortgage Loans from and after the Termination Date.

 

 (d)         Wells Fargo hereby (i) represents and warrants that it meets all requirements of a Servicer set forth in Section 8.02 of the Pooling and Servicing Agreement, (ii) accepts the appointment as the Servicer of the Transferred Mortgage Loans under the Pooling and Servicing Agreement, (iii) assumes and agrees to discharge the due and punctual performance and observance of each covenant and condition to be performed and observed by a Servicer under the Pooling and Servicing Agreement, as amended hereby, and (iv) assumes and agrees to be bound by all terms and conditions of the Pooling and Servicing Agreement, as amended hereby.

 

 (e)         On the Termination Date, each account that, pursuant to the terms of the Pooling and Servicing Agreement, is required to be established and maintained by GMACM with respect to the Transferred Mortgage Loans shall be moved to and maintained by Wells Fargo at Wells Fargo. This Agreement shall be deemed to satisfy any and all requirements in the Pooling and Servicing Agreement for notice of change in any such account.

 

 

SECTION 3. Amendments to Pooling and Servicing Agreement.

 

	
             
 	
            (a)
 	
            The following definitions are added to Article 1:
 

 

 “GMACM Mortgage Loans: Shall mean those Mortgage Loans serviced by GMACM pursuant to the terms of this Agreement as set forth on Exhibit B-2 hereto”.

 

 “Wells Fargo: Shall mean Wells Fargo Bank, National Association acting in its capacity as the servicer in connection with the Wells Fargo Mortgage Loans.”

 

 “Wells Fargo Mortgage Loans: Shall mean those Mortgage Loans serviced by Wells Fargo pursuant to the terms of this Agreement as set forth on Exhibit B-3 hereto”.

 

(b)          The definition of Servicer in Article 1 is amended by adding “or Wells Fargo” after “GMAC Mortgage Corporation”.

 

(c)          The Pooling and Servicing Agreement is hereby amended by annexing the list of GMACM Mortgage Loans and Wells Fargo Mortgage Loans as Exhibit B-2 and Exhibit B-3, respectively, after Exhibit B-1 thereof.

 

(d)          The following representations and warranties are hereby made by Wells Fargo to the Seller, the Depositor, GMACM, the Master Servicer and the Trustee as of the date hereof and such representations and warranties shall replace the representations and warranties of GMACM set forth in Section 2.03(a) of the Pooling and Servicing Agreement with respect to the Wells Fargo Mortgage Loans:

 

(i)           It is duly organized and is validly existing and in good standing under the laws of the United States and is duly authorized and qualified to transact any and all business contemplated by this Agreement to be conducted by it in any state in which a Mortgaged Property is located or is otherwise not required under applicable law to effect such qualification and, in any event, is in compliance with the doing business laws of any such state, to the extent necessary to ensure its ability to service the Wells Fargo Mortgage Loans in accordance with the terms of this Agreement and to perform any of its other obligations under this Agreement in accordance with the terms hereof.

 

(ii)          It has the full corporate power and authority to service each Wells Fargo Mortgage Loan, and to execute, deliver and perform, and to enter into and consummate the transactions contemplated by this Agreement and has duly authorized by all necessary corporate action on its part the execution, delivery and performance of this Agreement; and this Agreement, assuming the due authorization, execution and delivery hereof by the other parties hereto, constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms, except that (a) the enforceability hereof may be limited by the effect of insolvency, liquidation, conservatorship and other similar laws administered by the Federal Deposit Insurance Corporation affecting the enforcement of contract obligations of insured banks
and (b) the remedy of specific performance and injunctive 

 

and other forms of equitable relief may be subject to equitable defenses and to the discretion of the court before which any proceeding therefor may be brought and further subject to public policy with respect to indemnity and contribution under applicable securities law.

 

(iii)        The execution and delivery of this Agreement by it, the servicing of the Transferred Mortgage Loans by it under this Agreement, the consummation of any other of the transactions contemplated by this Agreement, and the fulfillment of or compliance with the terms hereof are in its ordinary course of business and will not (A) result in a material breach of any term or provision of its charter or by-laws or (B) materially conflict with, result in a material breach, violation or acceleration of, or result in a material default under, the terms of any other material agreement or instrument to which it is a party or by which it may be bound, or (C) constitute a material violation of any statute, order or regulation applicable to it of any court, regulatory body, administrative agency or governmental body having jurisdiction
over it; and it is not in breach or violation of any material indenture or other material agreement or instrument, or in violation of any statute, order or regulation of any court, regulatory body, administrative agency or governmental body having jurisdiction over it which breach or violation may materially impair its ability to perform or meet any of its obligations under this Agreement.

 

(iv)         It is an approved servicer of conventional mortgage loans for Fannie Mae or Freddie Mac and is a mortgagee approved by the Secretary of Housing and Urban Development pursuant to sections 203 and 211 of the National Housing Act.

 

(v)          No litigation is pending or, to the best of its knowledge, threatened in writing, against it that would materially and adversely affect the execution, delivery or enforceability of this Agreement or its ability to service the Transferred Mortgage Loans or to perform any of its other obligations under this Agreement in accordance with the terms hereof.

 

(vi)         No consent, approval, authorization or order of any court or governmental agency or body is required for its execution, delivery and performance of, or compliance with, this Agreement or the consummation of the transactions contemplated hereby, or if any such consent, approval, authorization or order is required, it has obtained the same.

 

(vii)       Wells Fargo will accurately and fully report its borrower credit files to each of the credit repositories in a timely manner materially in accordance with the Fair Credit Reporting Act and its implementing legislation.

 

(viii)      Wells Fargo is a member of MERS in good standing, and will comply in all material respects with the rules and procedures of MERS in connection with the servicing of the Transferred Mortgage Loans that are registered with MERS.

 

(e)          With respect to the Wells Fargo Mortgage Loans, from and after the Termination Date, any and all references to the representations and warranties of 

 

GMACM in the Pooling and Servicing Agreement shall, and shall be deemed to be, references to the representations and warranties of Wells Fargo set forth in clause (a) above.

 

(f)           Section 7.06(a) of the Pooling and Servicing Agreement is hereby amended by deleting the section in its entirety and replacing it with the following:

 

“(a)      If at any time, the Seller acquires from Wells Fargo Bank, N.A. the rights to service any of the Wells Fargo Mortgage Loans (a “Wells Fargo Mortgage Loan”), then Wells Fargo Bank, N.A. shall continue to service the related Mortgage Loans as the Servicer hereunder.  Upon Seller acquiring the Servicing Rights, the Seller may, at its option, terminate the servicing responsibilities of Wells Fargo Bank, N,A., as Servicer hereunder with respect to any such Wells Fargo Mortgage Loans without cause. No such termination shall become effective unless and until a successor to Wells Fargo Bank, N.A. shall have been appointed to service and administer the related Wells Fargo Mortgage Loans pursuant to the terms and conditions of this Agreement. No appointment shall be effective unless (i) such successor to Wells Fargo Bank, N.A. meets the eligibility criteria contained in Section 8.02, (ii) the
Trustee shall have consented to such appointment, (iii) the Rating Agencies have confirmed in writing that such appointment will not result in a downgrade, qualification or withdrawal of the then current ratings assigned to the Certificates, (iv) such successor has agreed to assume the obligations of Wells Fargo Bank, N.A. hereunder to the extent of the related Wells Fargo Mortgage Loans and (v) all amounts reimbursable to Wells Fargo Bank, N.A. pursuant to the terms of this Agreement shall have been paid to Wells Fargo Bank, N.A. by the successor appointed pursuant to the terms of this Section 7.06 or by the Seller including without limitation, all unreimbursed Advances and Servicing Advances made by Wells Fargo Bank, N.A. and all out-of-pocket expenses of Wells Fargo Bank, N.A. incurred in connection with the transfer of servicing to such successor.  The Seller shall provide a copy of the written confirmation of the Rating Agencies and the agreement executed by such successor to the
Trustee.”

 

(i)        Section 7.06(b) of the Pooling and Servicing Agreement is hereby amended by deleting the section in its entirety.

 

SECTION 4. Representations and Warranties of the Depositor and Seller.

 

(a) The following representations and warranties are hereby made by the Depositor to the Seller, GMACM, Wells Fargo, the Master Servicer, the Securities Administrator and the Trustee as of the date hereof:

 

(i)           The Depositor is duly organized and is validly existing as a corporation in good standing under the laws of the State of Delaware and has full power and authority (corporate and other) necessary to own or hold its properties and to conduct its business as now conducted by it and to enter into and perform its obligations under this Agreement. 

 

 

 

(ii)          It has the full corporate power and authority to execute, deliver and perform, and to enter into and consummate the transactions contemplated by this Agreement and has duly authorized by all necessary corporate action on its part the execution, delivery and performance of this Agreement; and this Agreement, assuming the due authorization, execution and delivery hereof by the other parties hereto, constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms, except that (a) the enforceability hereof may be limited by bankruptcy, insolvency, moratorium, receivership and other similar laws relating to creditors’ rights generally and (b) the remedy of specific performance and injunctive and other forms of equitable relief may be subject to equitable defenses and
to the discretion of the court before which any proceeding therefor may be brought and further subject to public policy with respect to indemnity and contribution under applicable securities law.

 

(iii)        The execution and delivery of this Agreement by it, the consummation of any other of the transactions contemplated by this Agreement, and the fulfillment of or compliance with the terms hereof are in its ordinary course of business and will not (A) result in a material breach of any term or provision of its charter or by-laws or (B) materially conflict with, result in a material breach, violation or acceleration of, or result in a material default under, the terms of any other material agreement or instrument to which it is a party or by which it may be bound, or (C) constitute a material violation of any statute, order or regulation applicable to it of any court, regulatory body, administrative agency or governmental body having jurisdiction over it; and it is not in breach or violation of any material indenture or
other material agreement or instrument, or in violation of any statute, order or regulation of any court, regulatory body, administrative agency or governmental body having jurisdiction over it which breach or violation may materially impair its ability to perform or meet any of its obligations under this Agreement.

 

(iv)         No litigation is pending or, to the best of its knowledge, threatened, against it that would materially and adversely affect the execution, delivery or enforceability of this Agreement or its ability to perform any of its obligations under this Agreement in accordance with the terms hereof.

 

(v)          No consent, approval, authorization or order of any court or governmental agency or body is required for its execution, delivery and performance of, or compliance with, this Agreement or the consummation of the transactions contemplated hereby, or if any such consent, approval, authorization or order is required, it has obtained the same.

 

(b) The following representations and warranties are hereby made by the Seller to the Depositor, GMACM, Wells Fargo, the Master Servicer, the Securities Administrator and the Trustee as of the date hereof:

 

(i)           The Seller is duly organized, validly existing and in good standing under the laws of the State of Delaware and is duly authorized and qualified to transact any and all business contemplated by this Agreement to be conducted by the Seller in any state in which a Mortgaged Property is located or is otherwise not required under applicable law 

 

to effect such qualification and, in any event, is in compliance with the doing business laws of any such state, to the extent necessary to ensure its ability to enforce each Mortgage Loan, to sell the Mortgage Loans in accordance with the terms of this Agreement and to perform any of its other obligations under this Agreement in accordance with the terms hereof.

 

(ii)          It has the full corporate power and authority to execute, deliver and perform, and to enter into and consummate the transactions contemplated by this Agreement and has duly authorized by all necessary corporate action on its part the execution, delivery and performance of this Agreement; and this Agreement, assuming the due authorization, execution and delivery hereof by the other parties hereto, constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms, except that (a) the enforceability hereof may be limited by bankruptcy, insolvency, moratorium, receivership and other similar laws relating to creditors’ rights generally and (b) the remedy of specific performance and injunctive and other forms of equitable relief may be subject to equitable defenses and
to the discretion of the court before which any proceeding therefor may be brought and further subject to public policy with respect to indemnity and contribution under applicable securities law.

 

(iii)        The execution and delivery of this Agreement by it, the consummation of any other of the transactions contemplated by this Agreement, and the fulfillment of or compliance with the terms hereof are in its ordinary course of business and will not (A) result in a material breach of any term or provision of its charter or by-laws or (B) materially conflict with, result in a material breach, violation or acceleration of, or result in a material default under, the terms of any other material agreement or instrument to which it is a party or by which it may be bound, or (C) constitute a material violation of any statute, order or regulation applicable to it of any court, regulatory body, administrative agency or governmental body having jurisdiction over it; and it is not in breach or violation of any material indenture or
other material agreement or instrument, or in violation of any statute, order or regulation of any court, regulatory body, administrative agency or governmental body having jurisdiction over it which breach or violation may materially impair its ability to perform or meet any of its obligations under this Agreement.

 

(iv)         No litigation is pending or, to the best of its knowledge, threatened, against it that would materially and adversely affect the execution, delivery or enforceability of this Agreement or its ability to perform any of its obligations under this Agreement in accordance with the terms hereof.

 

(v)          No consent, approval, authorization or order of any court or governmental agency or body is required for its execution, delivery and performance of, or compliance with, this Agreement or the consummation of the transactions contemplated hereby, or if any such consent, approval, authorization or order is required, it has obtained the same.

 

(vi)         It has the right to terminate GMACM as the Servicer of the Transferred Mortgage Loans pursuant to Section 7.06 of the Pooling and Servicing Agreement and 

 

such termination shall be exercised in accordance with the terms and conditions of the Pooling and Servicing Agreement and all applicable law.

 

SECTION 5. Conditions Precedent.

 

The transactions contemplated by this Agreement shall be conditioned upon the satisfaction of the following conditions precedent:

 

(i) each of the Seller and the Master Servicer shall have executed this Agreement evidencing its consent to the appointment of Wells Fargo as the Servicer of the Transferred Mortgage Loans under the Pooling and Servicing Agreement;

 

(ii) Wells Fargo shall have executed this Agreement evidencing its acceptance of its appointment as the Servicer of the Transferred Mortgage Loans under the Pooling and Servicing Agreement and its agreement to be bound by the terms of this Agreement and the Pooling and Servicing Agreement;

 

(iii) the Seller shall have notified GMACM of its decision to terminate GMACM as the Servicer of the Transferred Mortgage Loans under the Pooling and Servicing Agreement, and GMACM shall have executed this Agreement in acknowledgement thereof; and

 

(iv) a Confirmation Letter from each Rating Agency or a letter confirming that each Rating Agency is prepared to deliver a Confirmation Letter with respect to the transactions contemplated hereby. “Confirmation Letter” means, a letter issued by each Rating Agency confirming that the transactions contemplated hereby will not result in a qualification, downgrade or withdrawal of the respective ratings of the Certificates from the current ratings.

 

SECTION 6. Effectiveness of this Agreement.

 

Upon execution of this Agreement, the Pooling and Servicing Agreement shall be, and be deemed to be, modified and amended in accordance herewith and the respective rights, limitations, obligations, duties, liabilities and immunities of the Depositor, the Seller, GMACM, Wells Fargo, the Master Servicer, the Securities Administrator and the Trustee shall hereafter be determined, exercised and enforced subject in all respects to such modifications and amendments, and all the terms and conditions of this Agreement shall be deemed to be part of the terms and conditions of the Pooling and Servicing Agreement for any and all purposes. Except as modified and expressly amended by this Agreement, the Pooling and Servicing Agreement is in all respects ratified and confirmed, and all the terms, provisions and conditions thereof shall be and remain in full force and effect.

 

SECTION 7. Binding Effect.

 

 

 

The provisions of this Agreement shall be binding upon and inure to the benefit of the respective successors and assigns of the parties hereto, and all such provisions shall inure to the benefit of the Depositor, the Seller, GMACM, Wells Fargo, the Master Servicer, the Securities Administrator and the Trustee.

 

SECTION 8. Governing Law.

 

This Agreement shall be construed in accordance with the substantive laws of the State of New York (without regard to conflict of law principles) and the obligations, rights and remedies of the parties hereto shall be determined in accordance with such laws.

 

SECTION 9. Severability of Provisions.

 

If any one or more of the provisions or terms of this Agreement shall be for any reason whatsoever held invalid, then such provisions or terms shall be deemed severable from the remaining provisions or terms of this Agreement and shall in no way affect the validity or enforceability of the other provisions or terms of this Agreement.

 

SECTION 10. Section Headings.

 

The section headings herein are for convenience of reference only, and shall not limit or otherwise affect the meaning hereof.

 

SECTION 11. Counterparts.

 

This Agreement may be executed in several counterparts, each of which shall be an original and all of which shall constitute but one and the same instrument.

 

[signature pages follow]

 

 

IN WITNESS WHEREOF, the Depositor, the Seller, GMACM, Wells Fargo, the Securities Administrator and the Trustee have caused their names to be signed hereto by their respective officers thereunto duly authorized as of the day and year first above written.

 

	
             
 	
            NOMURA ASSET ACCEPTANCE CORPORATION,
 
	
             
 	
            as Depositor
 	
             

 

	
             
 	
            By: /s/ John P. Graham
 	
             

	
             
 	
            Name: John P. Graham
 	
             

	
             
 	
            Title: Authorized Agent
 

 

	
             
 	
            NOMURA CREDIT & CAPITAL, INC.,
 
	
             
 	
            as Seller
 	
             

 

	
             
 	
            By: /s/ Jeane D. Leschak
 
	
             
 	
            Name: Jeane D. Leschak
 
	
             
 	
            Title: Vice President
 	
             

 

	
             
 	
            GMAC MORTGAGE CORPORATION,
 
	
             
 	
            as a Servicer
 	
             

 

	
             
 	
            By: /s/ Wesley B. Howland
 
	
             
 	
            Name: Wesley B. Howland
 
	
             
 	
            Title: Vice President
 	
             

 

	
             
 	
            WELLS FARGO BANK, NATIONAL ASSOCIATION,
 
	
             
 	
            as a Servicer
 	
             

 

	
             
 	
            By: /s/ Laurie McGoogan
 
	
             
 	
            Name: Laurie McGoogan
 
	
             
 	
            Title: Vice President
 	
             

 

	
             
 	
            WELLS FARGO BANK, NATIONAL ASSOCIATION,
 
	
             
 	
            as Master Servicer and Securities Administrator
 	
             

 

	
             
 	
            By: /s/ Amy Doyle
 	
             

	
             
 	
            Name: Amy Doyle
 	
             

	
             
 	
            Title: Vice President
 
				

 

	
             
 	
            HSBC BANK USA, NATIONAL ASSOCIATION  
 
	
             
 	
            as Trustee
 	
             

 

	
             
 	
            By: /s/ Elena Zheng
 	
             

	
             
 	
            Name: Elena Zheng
 	
             

	
             
 	
            Title: Assistant Vice President
 

 

 

 

 

SCHEDULE 1

 

SCHEDULE OF TRANSFERRED MORTGAGE LOANS

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