Office Sublease Contract

Office Sublease Contract KNOW ALL MEN BY THESE PRESENTS: a domestic corporation duly organized and existing in accordance local law offices represented in this act by its President and General Manager hereinafter referred to as the SUBLESSOR - and - ., a corporation duly organized and existing under the laws of the with principal office address at the , represented in this act by its , hereinafter referred to as the SUBLESSEE W I T N E S S E T H: That WHEREAS, the SUBLESSOR is the LESSEE of a certain property being managed and administered by Clark Development Corporation (CDC) consisting of a parcel of land with an area of 5.2 hectares, more or less.. 14.3 above, SUBLESSEE shall be obliged to pay SUBLESSOR as monthly rent and liquidated damages an amount equivalent to four (4) times the prevailing monthly rental at the time SUBLESSEE s possession became unlawful computed from date required in the written demand up to the date the SUBLESSOR is actually restored to the possession of the premises in addition to the other penalties or damages which SUBLESSEE may be held liable under this contract or under the law.. In case SUBLESSEE abandons the subleased premises which includes padlocking the building and/or failure to conduct business operations/authorized purposes for a period of al least thirty (30) days without paying the monthly rents, the SUBLESSEE hereby authorizes the SUBLESSOR to obtain possession of the subleased premises with right to break-open any locked doors or windows to gain entry without need of any court order of proceedings with this documents serving as authority therefore..