Occupancy and Administrative Services Agreement between Twin Lakes Delaware, Inc. and Kirk M. Warshaw, LLC
Twin Lakes Delaware, Inc. and Kirk M. Warshaw, LLC have agreed that Twin Lakes will pay a quarterly fee of $500 to the LLC for the use of office space at 47 School Avenue, Chatham, New Jersey, and for certain administrative services. This arrangement will continue until either party ends the agreement with written notice. The agreement is effective as of January 1, 2009.
Exhibit 10.1
OCCUPANCY AGREEMENT
This AGREEMENT (the Agreement), effective as of January 1, 2009 (the Effective Date), between Twin Lakes Delaware, Inc. (the Corporation), a corporation organized under the laws of the State of Delaware and Kirk M. Warshaw, LLC (the LLC), a limited liability company organized under the laws of the State of New Jersey.
WHEREAS, the Corporations principal offices are located at 47 School Avenue, Chatham, New Jersey and such premises are owned by the LLC (the Principal Offices); and
WHEREAS, the Corporation and the LLC wishes to enter into an agreement for use and occupancy of the Principal Offices and certain administrative services;
NOW, THEREFORE, for good and valuable consideration, it is agreed that:
Effective as of the Effective Date, the Corporation hereby agrees that it shall pay to the LLC a quarterly occupancy and administrative services fee in the amount of U.S. five hundred dollars ($500) on each of January 1, April 1, July 1 and October 1 until such time as this Agreement is terminated by written notice of either party.
IN WITNESS WHEREOF, the parties have duly executed and delivered this Agreement effective as of the Effective Date on January 29, 2009.
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| TWIN LAKES DELAWARE, INC., | |
| a Delaware corporation | |
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| By: | /s/ Arnold P. Kling |
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| Name: Arnold P. Kling |
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| Title: President |
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| Kirk M. Warshaw, LLC., | |
| a New Jersey limited liability company | |
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| By: | /s/ Kirk Warshaw |
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| Name: Kirk Warshaw |
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| Title: Managing Member |