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EXHIBIT 10.16
L E A S E
This lease is made and entered into the 23 day of April, 1999 between SILVIO
DIANA T/A VILLA PARK PROFESSIONAL CENTER, hereinafter called "Lessor", and
sentinel Software & Mark Overman, hereinafter designated "Lessee".
W I T N E S S E T H
That for and in consideration of the rent hereinafter reserved and of the mutual
covenants hereinafter contained, Lessor and Lessee do hereby mutually agree as
follows:
1. OFFICE PARK: As may further appear in this lease the term "Office Park" means
the Villa Park Professional Center, located at Shirley Avenue and Keith Street,
Warrenton, Virginia, the real property thereunder, the building and improvements
which may hereafter be placed or erected thereon, fixtures or equipment located
therein or on the sidewalks or streets in front of the same, the parking and
open space areas appurtenant thereto and the vaults thereunder.
2. LEASED PREMISES: Lessee does hereby agree to lease from Lessor, subject to
all the terms contained herein, the "Leased Premises" consisting of
approximately 600 gross square feet of office space in the Villa Park
Professional Center, Warrenton, Virginia together with the non-exclusive use of
parking areas and access roads. The actual space is as outlined in the
attached drawing, hereby made a part of this lease, and being addressed by 205B
Keith Street, Warrenton, VA 20186.
3. LEASE TERM: The term of this lease shall begin on the 15 day of May, 1999,
or the date Lessee actually commences occupancy, whichever is earlier, with the
earlier of the two dates being known as the "rent commencement" date, and shall
run for a period of 1 years therefrom ending on the 30 day of April, 2000.
4. BASE RENT: Beginning on the rent commencement date, Lessee covenants and
agrees to pay a total except as may be modified by paragraphs 7 herein, of
$7,500.00 as "BASE RENT", for the term of this lease, payable, along with any
additional rent, and without deduction, set off or abatement, in equal monthly
payments of $625.00 on the first day of each and every calender month during the
term hereof. Lessee covenants to pay, as "Additional Rent" a late fee equal to
five (5) percent of any rent due if such rent is not paid within seven days of
the due date. All payments due to Lessor shall be made at P.O. Box 150,
Newington, VA 22122. Lessee shall pay the first and last months rent prior to
occupancy.
5. PRORATING: If rent commencement date is other than the first of the month,
the rent shall be prorated at the rate of 1/30th of the monthly charge for Base
Rent and any additional rent per day.
6. SECURITY DEPOSIT: A security deposit equal to the average of one month's base
rent shall be held by Lessor for the duration of the lease term. Said deposit
shall be received prior to occupancy by Lessee. Lessor hereby acknowledges
receipt of $625.00 as said deposit.
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shall be placed with a company qualified to do business in the jurisdiction in
which the demised premises are located, and shall provide that it (they) cannot
be canceled without at least ten (10) days prior written notice to the Lessor.
19. CHOICE OF LAW: This agreement is to be construed in accordance with the laws
of the Commonwealth of Virginia.
20. ENTIRE AGREEMENT: This Agreement constitutes the entire Agreement between
the parties and shall not be modified except in writing signed by all those made
a party hereto.
21. ADDITIONAL PROVISIONS: Lessor to replace existing window glass which is
fogged over. Lessee many install at lessee expense a small window unit air
conditioner if necessary provided the unit is mounted in a concealed location
approved by lessor. Lessee shall be responsible for any damage to window frames
or walls and any costs to restore the mounting area to original condition upon
the lessee's departure.
NOTICE
All notices required or desired to be given by either party shall he certified
mail to the following addresses:
If to "Lessor": Silvio Diana
T/A Villa Park
Professional Center
P.O. Box 150
Newington, VA 22122
If to "Lessee": Sentinel Software - Marc Overman
PO Box 3037
Warrenton, VA, 20188
DATE:
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LESSEE: Sentinel Software LESSOR: Silvio Diana
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BY: BY:
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Marc Overman WITNESS:
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Name and Title
WITNESS:
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PERSONALLY GUARANTEED BY:
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Marc Overman
