Exhibit 10.4
LEASE AGREEMENT
LANDLORD: LYONS CORPORATE PARK, LLLP (A FLORIDA LIMITED LIABILITY LIMITED
PARTNERSHIP).
TENANT: The Singing Machine Co., Inc.
BLDG. A
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SUITE 5
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DATE March 12, 2002
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INDEX
ARTICLE I GRANT AND TERM
Section 1.01 Leased Premises
Section 1.02 Length of Term
Section 1.03 Construction of Lease Premises
Section 1.04 Possession After Completion of Construction
Section 1.05 Determination of Availability of Demised Premises
ARTICLE II RENT
Section 2.01 Payment
Section 2.02 Minimum Rent
Section 2.03 Adjustment of Fixed Minimum Rent
Section 2.04 Real Estate Taxes
Section 2.05 Additional Rent
Section 2.06 Past Due Rent
ARTICLE III OPERATION AND MAINTENANCE OF COMMON AREAS
Section 3.01 Designation of Common Areas
Section 3.02 Construction of Common Areas
Section 3.03 Tenant's Pro Rata Sh