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INSURANCE NOT REQUIRED
<br />WORK MAY PROCEED
<br />CITY CLERK
<br />DATE:
<br />b'. PoCi�
<br />cc.^11,
<br />APR 18 2921
<br />AIRCRIII
<br />A-2024-043-01
<br />STANDARD INDUSTRIAL/COMMERCIAL SINGLE -TENANT LEASE - GROSS
<br />(DO NOT USE THIS FORM FOR MULTI -TENANT BUILDINGS)
<br />1, Basic Provisions (-Bask Provisions").
<br />1.1 Parties. This lease ("Lease"), dated for reference purposes only April 2, 2024 , is made by and between RICk D Kagasoff ("Lessor") and Q1tV Of
<br />Santa Ana ("lessee"). (collectively the "Parties," or Individually a "Party").
<br />1.2 Premises: That certain real property, including all improvements therein orto be provided by Lessor under the terns of this Lease, commonly known as
<br />(stmetaddress, city, state, zip): ("Premises"). The Premises are located in the County of Orange, and are
<br />generally described as (describe briefly the nature ofthe property and, if applicable, the "Project,' If the property is located within a Project): aninduStr)al
<br />building consisting of approximately 6,500 square feet . (See also Paragraph 2)
<br />1.3 Term: 3 yearsand 0 months("Original Term")commencing 5 1 2024 ("CommenrernentDate")arMending 4 30 2027
<br />("Expiration Date"). (See also Paragraph 3)
<br />1.4 Early Possession: If the Premises are available lessee may have non-exclusive possession of the Premises commencing _ ("Fariy Possession pate").
<br />(See also Paragraphs 3.2 and 3.3)
<br />1.5 Base Rent $9.100.00 per month ("Base Rent"), payable on the 1st day of each month commencing 5 1 2024 . (See also Paragraph 4)
<br />L. I If this box is checked, there are provisions In this Lease for the Base Rent to be adjusted. See Paragraph
<br />1.6 Base Rent and Other Monies Paid Upon Execution:
<br />(a) Base Rent $9.100.00 for the Period 5/1/2024-5/31/2024.
<br />(b) Security Deposit _ ("Security Deposit"). (See also Paragraph 5)
<br />(c) Assodation Fees: _ for the period _.
<br />(d) Other: _ or
<br />(e) Total Due Upon Execution of this Lease: $9,100.00.
<br />1.7 Agreed Use: _.(See also Paragraph 6)
<br />1.8 Insuring Party. Lessor is the "msurirg Party". The annual "Base premium" rs _. (See also Paragraph 81
<br />1.9 Real Estate Brokers (See also Paragraph 15 and 25)
<br />rr (a) Representation: The following real estate brokers (the "Brokers") and brokerage relationships exist in this transaction (check applicable boxes):
<br />L_I _ represents Lessor exclusively ("Lessor's Broker");
<br />LJ _ represents Lessee exclusively ("Lessee's Broker"); or
<br />_ represents both lessor and Lessee ("Dual Agency').
<br />(b) Payment to Brokers: Upon execution and delivery of this Lease by both Parties, Lessor shall pay to the Brokers the brokerage foe agreed to in a
<br />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.
<br />1.10 6uaranor. The obligations of the lessee under this Lease are to be guaranteed by _ ('Guarantor"). (See also Paragraph 37)
<br />1.11 Attachments. Attached hereto are the following, all of which constitute a part of this Lease:
<br />Van Addendum wasisting of Paragraphs 48.51 through 53 ;
<br />7,,
<br />a plot plan depicting the Premises;
<br />-- a current set of the Rules and Regulations;
<br />a Work letter;
<br />E' other (specify)
<br />2. Premises.
<br />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,
<br />covenants and conditions set forth in this Lease. While the approximate square footage of the Premises may have been used in the marketing of the Premises for
<br />purposes of comparison, the Base Rent stated herein is NOT tied to squarefootage and is not subject to adjustment should the actual size be determined to be
<br />digerem. NOTE: lessee is advised to verify the actual site prorto executing this Lease.
<br />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
<br />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
<br />following the Start Date, warrants that the existing electrical, plumbing, fire sprinkler, lighting, heating, ventilating and air conditioning systems ("HVAC"), loading
<br />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 and
<br />that the surface and structural elements of the roof, bearing walls and foundation of any buildings on the Premises (the "Building") shall be free of material defects,
<br />and that the Unit does not contain hazardous levels at any mold or fungi defined as toxic under applicable state or federal law. If a non-compliance with said warranty
<br />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 Lessors sole
<br />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
<br />the nature and extent of such noncompliance, malfunction or failure, rectify same at Lessor's expense. The warranty periods shall be as follows: (il 6 months as to
<br />the HVAC systems, and (R) 30 days as to the remaining systems and other elements of the Building. If Lessee does not give Lessor the required notice within the
<br />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, except
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<br />RIALS
<br />Last Edited: 3/14/2024 3;26 PM INITIALS
<br />0 2017 AIR CRE. All Rights Reserved. STG-27.20, Revised 11-01-2017
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