Standard Industrial/Commercial Single-Tenant Lease -- Net (2007)Full Document 

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AIR COMMERCIAL REAL ESTATE ASSOCIATION
 
STANDARD INDUSTRIAL/COMMERCIAL SINGLE-TENANT LEASE -- NET
 
(DO NOT USE THIS FORM FOR MULTI-TENANT BUILDINGS)


 
1.           Basic Provisions ("Basic Provisions").
 
1.1         Parties: This Lease ("Lease"), dated for reference purposes only   October 29, 2007,
 
is made by and between   Dominguez Channel, LLC("Lessor") and En Pointe Technologies Sales, Inc.("Lessee"),
 
(collectively the "Parties," or individually a "Party").
 
 
1.2         Premises: That certain real property, including all improvements therein or to be provided by Lessor under the terms of this Lease,
 
and commonly known as 18701 S. Figueroa St., Carson                                                                                                         ,
 
located in the County of Los Angeles                                                                                           , State of California                                                                     ,
 
and generally described as (describe briefly the nature of the property and, if applicable, the "Project", if the property is located within a Project)
 
2 storey office building with approximately 29,032 sq. ft. of office space
                                                            ("Premises").                      (See also Paragraph 2)
 
1.3         Term: Seven           years and zero                      months ("Original Term") commencing November  1, 2007
 
("Commencement Date") and ending October  31, 2014                     ("Expiration Date"). (See also Paragraph 3)
 
1.4         Early Possession: N/A                                                                                                              ("Early Possession Date").
 
(See also Paragraphs 3.2 and 3.3)
 
1.5         Base Rent:  $48,483.44  per month ("Base Rent"), payable on the First         day of
 
each month commencing November 1, 2007.             (See also Paragraph 4)
 
 
1.6         Base Rent and Other Monies Paid Upon Execution:
 
(a)         Base Rent:  $48,483.44                                                                       for the period November  1 - 30, 2007
 
(b)         Security Deposit:  $96,966.88                                                           ("Security Deposit"). (See also Paragraph 5)
 
(c)         Association Fees: $ ___________                                               for the period  ______________________
 
(d)         Other: $  __________                                 for  __________________________
 
(e)         Total Due Upon Execution of this Lease:  $145,450.32
 
1.7         Agreed Use:  general commercial and sales offices
 
. (See also Paragraph 6)
 
1.8         Insuring Party: Lessor is the "Insuring Party" unless otherwise stated herein. (See also Paragraph 8)
 
1.9         Real Estate Brokers: (See also Paragraph 15)
 
(a) Representation: The following real estate brokers (the "Brokers") and brokerage relationships exist in this transaction (check
 
applicable boxes):
 
 
 
 
(b) Payment to Brokers: Upon execution and delivery of this Lease by both Parties, Lessor shall pay to the Broker the fee agreed to
 
in their separate written agreement (or if there is no such agreement, the sum of                                                                                                                 or                      % of the total Base Rent)
 
for the brokerage services rendered by the Brokers.
 
1.10 Guarantor. The obligations of the Lessee under this Lease are to be guaranteed by   N/A
 
("Guarantor").                        (See also Paragraph 37)
 
1.11 Attachments. Attached hereto are the following, all of which constitute a part of this Lease:
 
 

        2.           Premises.
 
2.1           Letting. Lessor hereby leases to Lessee, and Lessee hereby leases from Lessor, the Premises, for the term, at the rental, and
 
upon all of the terms, covenants and conditions set forth in this Lease. Unless otherwise provided herein, any statement of size set forth in this Lease, or

 
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INITIALS                                                                                                                                                  INITIALS

 
©2001 - AIR COMMERCIAL REAL ESTATE ASSOCIATION                                                                                                                                        FORM STN-9-3/06E
 
 
that may have been used in calculating Rent, is an approximation which the Parties agree is reasonable and any payments based thereon are not subject to revision whether or not the actual size is more or less. Note: Lessee is advised to verify the actual size prior to executing this Lease.
 
2.2           Condition. Lessor shall deliver the Premises to Lessee broom clean and free of debris on the Commencement Date or the Early Possession Date, whichever first occurs ("Start Date"), and, so long as the required service contracts described in Paragraph 7.1(b) below are obtained by Lessee and in effect within thirty days following the Start Date, warrants that the existing electrical, plumbing, fire sprinkler, lighting, heating, ventilating and air conditioning systems ("HVAC"), loading doors, sump pumps, if any, and all other such elements in the Premises, other than those constructed by Lessee, shall be in good operating condition on said date, that the structural elements of the roof, bearing walls and foundation of any buildings on the Premises (the "Building") shall be free of material defects, and that the Premises do not contain hazardous levels of any mold or fungi defined as toxic under applicable state or federal law. If a non-compliance with said warranty exists as of the Start Date, or if one of such systems or elements should malfunction or fail within the appropriate warranty period, Lessor shall, as Lessor's sole obligation with respect to such matter, except as otherwise provided in this Lease, promptly after receipt of written notice from Lessee setting forth with specificity the nature and extent of such non-compliance, malfunction or failure, rectify same at Lessor's expense. The warranty periods shall be as follows: (i) 6 months as to the HVAC systems, and (ii) 30 days as to the remaining systems and other elements of the Building. If Lessee does not give Lessor the required notice within the appropriate warranty period, correction of any such non-compliance, malfunction or failure shall be the obligation of Lessee at Lessee's sole cost and expense.
 
2.3           Compliance. Lessor warrants that to the best of its knowledge the improvements on the Premises comply with the building codes, applicable laws, covenants or restrictions of record, regulations, and ordinances ("Applicable Requirements") that were in effect at the time that each improvement, or portion thereof, was constructed. Said warranty does not apply to the use to which Lessee will put the Premises, modifications which may be required by the Americans with Disabilities Act or any similar laws as a result of Lessee's use (see Paragraph 50), or to any Alterations or Utility Installations (as defined in Paragraph 7.3(a)) made or to be made by Lessee. NOTE: Lessee is responsible for determining whether or not the Applicable Requirements, and especially the zoning, are appropriate for Lessee's intended use, and acknowledges that past uses of the Premises may no longer be allowed. If the Premises do not comply with said warranty, Lessor shall, except as otherwise provided, promptly after receipt of written notice from Lessee setting forth with specificity the nature and extent of such non-compliance, rectify the same at Lessor's expense. If Lessee does not give Lessor written notice of a non-compliance with this warranty within 6 months following the Start Date, correction of that non-compliance shall be the obligation of Lessee at Lessee's sole cost and expense. If the Applicable Requirements are hereafter changed so as to require during the term of this Lease the construction of an addition to or an alteration of the Premises and/or Building, the remediation of any Hazardous Substance, or the reinforcement or other physical modification of the Unit, Premises and/or Building ("Capital Expenditure"), Lessor and Lessee shall allocate the cost of such work as follows:
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