Lease Termination Agreement between LJMG, Inc. and IPEX, Inc. for 7825 Fay Avenue, Suite 200
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Summary
This agreement between LJMG, Inc. (doing business as First Choice Executive Suites) and IPEX, Inc. releases IPEX, Inc. from its current six-month lease for office space at 7825 Fay Avenue, Suite 200, La Jolla, California. The release is conditional upon IPEX, Inc. paying the June 1, 2006 invoice by its due date, an additional $715.73 by June 30, 2006, and surrendering the security deposit and all issued keys by June 30, 2006. Once these conditions are met, the lease obligations will end.
EX-10.1 2 v054063_ex10-1.txt Exhibit 10.1 May 26, 2006 IPEX, INC. Sothi Thillairajah 7825 Fay Avenue Suite 200 La Jolla, CA 92037 Re: Lease dated March 8, 2006 between LJMG, Inc. d/b/a/ First Choice Executive Suites ("Landlord") and IPEX, INC. ("Tenant") for space on the 2nd floor of the building located at 7825 Fay Avenue, Suite 200, La Jolla, CA 92037 Dear Mr. Thillairajah, Landlord and Tenant agree that Tenant will be released from its current lease obligations upon the following conditions: 1. Tenant will be released from current 6 month Lease upon payment of June 1, 2006 invoice by due date, plus $715.73 by June 30, 2006, plus Security Deposit on file. 2. Tenant will return all issued keys for the Suite and the building by June 30, 2006. Please sign, date, and return this Authorization Letter to me with payment so that I can execute the Lease with the new Tenant. Sincerely, /s/ ELENA ROGERS - ------------------- Elena Rogers /s/ THOMAS J. MARTINDALE /s/ SOTHI THILLAIRAJAH - ------------------------ ---------------------- Thomas J. Martindale Sothi Thillairajah 6/2/06 6/1/06 - ------ ------ Date Date
