SEC Contract Filing

Filing Date: 2015-04-22

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>aamcstxleasewithscfc.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
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<a name="s8B8364760BA60B589433E2EC4DA64A7C"></a><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Exhibit 10.1</font></div></div><br><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">COMMERCIAL LEASE</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">This Commercial Lease (&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Lease</font><font style="font-family:inherit;font-size:12pt;">&#8221;) is entered into as of April 16, 2015, (&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Effective Date</font><font style="font-family:inherit;font-size:12pt;">&#8221;) by and between </font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">St. Croix Financial Center, Inc., </font><font style="font-family:inherit;font-size:12pt;">a U.S. Virgin Islands corporation,</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">&#32;</font><font style="font-family:inherit;font-size:12pt;">as the lessor</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">&#32;(&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Landlord</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">&#8221;)</font><font style="font-family:inherit;font-size:12pt;">&#32;and </font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Altisource Asset Management Corporation, </font><font style="font-family:inherit;font-size:12pt;">a U.S. Virgin Islands corporation, as the lessee (&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Tenant</font><font style="font-family:inherit;font-size:12pt;">&#8221;). </font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Landlord and Tenant agree as follows: </font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">1.0&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">PREMISES</font><font style="font-family:inherit;font-size:12pt;">. </font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">1.1&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Description of Premises</font><font style="font-family:inherit;font-size:12pt;">. In consideration of the rents to be paid and the covenants and agreements to be performed by the parties, Landlord does hereby lease to Tenant, and Tenant does hereby lease from Landlord the following described premises (hereinafter the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Premises</font><font style="font-family:inherit;font-size:12pt;">&#8221;) on St. Croix, U.S. Virgin Islands:</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">One story wood frame building (&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Building</font><font style="font-family:inherit;font-size:12pt;">&#8221;) located on </font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Plot No. 56</font><font style="font-family:inherit;font-size:12pt;">&#32;of </font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Estate Southgate Farm</font><font style="font-family:inherit;font-size:12pt;">, consisting of 11.2984 U.S. acres, more or less, East End Quarter &#8220;A&#8221;, St. Croix, U.S. Virgin Islands, as shown on O.L.G. Drawing No. 4610-A, dated May 15, 1990 (&#8220;Land&#8221;) </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">together</font><font style="font-family:inherit;font-size:12pt;">&#32;with the use of the sidewalks and parking areas adjacent to the Building, all as shown on the map attached hereto as </fo