Sublease Agreement between FAB Universal Corp. and Liberated Syndication Inc. for Suite 770 at 5001 Baum Blvd.
FAB Universal Corp. (FAB) subleases office space (Suite 770, 7th floor, 5001 Baum Blvd.) to Liberated Syndication Inc. (Libsyn) starting February 1, 2016. Libsyn will pay $4,667 per month and may terminate the sublease at any time with 30 days' written notice. The agreement outlines the rental terms and the parties' rights regarding the office space.
SUBLEASE AGREEMENT
This Sublease agreement is made as of the 1st day of February, 2016 by and between FAB Universal Corp. (“FAB”) and Liberated Syndication Inc. (“Libsyn) with regard to the following.
RECITALS:
A.
FAB is the tenant under a lease agreement at 5001 Baum Blvd. (“Building”) for Suite 770, consisting of approximately 3,100 rentable square feet on the Seventh (7th) floor of the Building.
B.
FAB currently leases office space in the building on a month-to-month basis.
AGREEMENT:
1.
Term
a.
Libsyn agrees to sublease the office space for Suite 770 on the 7th floor of the Building, until Libsyn provides a 30 day written notice of termination of this sublease. The sublease shall commence on February 1, 2016.
2.
Rent
a.
Libsyn shall pay $4,667 a month during the Term of this Sublease.
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FAB UNIVERSAL CORP. |
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By: |
| /s/ Christopher Spencer | |
Name: |
| Christopher Spencer | |
Title: |
| President and CEO | |
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Liberated Syndication Inc. |
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By: |
| /s/ Christopher Spencer | |
Name: |
| Christopher Spencer | |
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| Title: President and CEO | |
