EX-3.89 19 dex389.txt LEASE SETTLEMENT AGREEMENT EXHIBIT 3.89 [LETTERHEAD OF CCI] June 26, 2001 Mr. Jim Cassina, President InvestorLinks.com, Inc. 2 Adelaide W., Suite 300 Toronto, Ontario Canada M541L6 Via Fax # 416.861.9623 Dear Jim: Thank you for your telephone call today. I am happy that we will evidently be able to resolve the lease situation between Gilray, LLC and IL Data, a subsidiary of InvestorLinks.com, Inc. As you know, IL Data entered into a lease for office space with Gilray, LLC, a Virginia Limited Liability Company of which I am Managing Member. The lease was for office space in Charlottesville, Virginia and was dated July 3, 2000 with a commencement date of August 1, 2001 and a termination date of July 31, 2003. Sometime in the last several weeks, IL Data vacated the lease premises with the exception of a number of items of office furniture. You and I have discussed a scenario whereby Gilray, LLC will execute a Certificate of Satisfaction releasing IL Data and/or InvestorLinks.com of any further responsibility under the terms of the lease. Our agreement, reached during today's telephone conversation, is as follows: 1. Gilray, LLC agrees to fully release you from any further liability under the subject lease in exchange for the lump sum payment of $18,000.00 in US Dollars. 2. The payment shall consist of the forfeiture of the security deposit presently held by Gilray, LLC in the amount of $2945.00 and a negotiable check issued by InvestorLinks.com to Gilray, LLC in the amount of $15,055.00. 3. InvestorLinks.com agrees to convey any and all interest in the furniture abandoned by the tenant to Gilray, LLC and Gilray, LLC may dispose of such furniture as its sole discretion. Upon receipt of your acknowledgement of this settlement and the aforementioned check, I will execute a Certificate of Satisfaction. I hope this captures the essence of our agreement. If so, please sign below and fax a copy of this letter back to me. I will be available tomorrow and Friday if we need to speak. I will be travelling on Thursday. Sincerely, /s/ George W. Ray, Jr. ---------------------- George W. Ray, Jr. Managing Member Gilray, LLC Approved: /s/ J. C. Cassina ------------------- InvestorLinks.com Date: 27 June, 2001 ------------------