LEASE AGREEMENT



THIS AGREEMENT OF LEASE made this 25th day of September, 2000 by and between

L.A. Avenue of the Arts ("Landlord"), and On-Site Sourcing Inc. ("Tenant").



                                  WITNESSETH



Landlord and Tenant, in consideration of the mutual covenants herein contained,

and other goods and valuable consideration, receipt of which is hereby

acknowledged, agree as follows:



1. PREMISES Landlord hereby demises and leases to Tenant on the terms and

conditions hereinafter set forth, and Tenant hereby leases from Landlord in its

present "as is" condition, all that certain 10,606 square feet (more of less) of

mezzanine space located at 1346 Chestnut Street, Philadelphia, Pennsylvania and

any and all improvements and fixtures therein contained (hereinafter

collectively referred to as "Premises"). Tenant and its invitees shall also have

the right to use and enjoy all roadways, walkways, parking areas, accesses, all

facilities contained therein and common areas, adjoining, appurtenant to or

serving the Premises.



2. TERM



            A. Initial Term. This Lease ("Initial Term") shall commence upon the

earlier of 11/1/00 or substantial completion ("Lease Commencement Date") for a

term of 10 years, unless sooner terminated by an Event of Default or Early

Termination as described hereinafter. Tenant will be entitled to one day free

rent for each day the Premises is delivered to Tenant after 11/8/00.



3. RENT



      A. Minimum Annual Rent. Commencing with the Rental Commencement Date and

continuing for the balance of the term hereof, Tenant shall pay to Landlord on

the first day of each month Minimum Rent of:



            (i)   Years 1-2   @ $12.50/SF, or $11,048/mo.

            (ii)  Years 3-4   @ $13.50/SF, or $11,932/mo.

            (iii) Years 5-8   @ $13.75/SF, or $12,153/mo.

            (iv)  Years 9-10  @ $14.00/SF, or $12,374/mo.



            (v)   The Landlord hereby acknowledges, except as described later in

                  this document, responsibility for payment of all real estate

                  taxes and building insurance associated with the occupation of

                  the Premises by the Tenant. The Tenant hereby acknowledges

                  responsibility for payment of Use & Occupancy Tax, electric,

                  heat and air conditioning serving the Premises.



      B. Additional Rent. In addition to the Minimum Rent described herein, all

sums which may become due by reason of the failure of Tenant to comply with any

of the terms, covenants and conditions of this Lease to be kept and observed by

Tenant, and any and all damages, costs and expenses (including, without

limitation thereto, reasonable attorney's fees) which Landlord may suffer or

incur by reason of any default of Tenant and any damages to the Premises caused

by any act or omission by Tenant shall be considered Additional Rent hereunder.



<PAGE>



      C. Payment of the Minimum Rent and Additional Rent. All Minimum Rent and

Additional Rent due under this Lease shall be due and payable and without any

set off or deduction whatsoever, on the first day of each month without demand

therefore and nothing herein shall be deemed to suspend or authorize delay in

the payment of any sum due Landlord by Tenant at the time the same becomes due

and payable under this Lease.



      D. Should Landlord pay any monies or incur any expenses, after providing

Tenant with fifteen (15) days prior written notice to cure, in correction of any

Home        Intelligence        Services        Subscriptions        News        About Us

Contact Us       Terms of Use       Resend Documents       Shopping Cart

Copyright © 2008 The Consus Group LLC