Jericho Atrium Associates

Defendant PEGASUS INTERNET COMMUNICATIONS, INC. a/k/a PEGASUS COMMUNICATIONS, INC. ("PEGASUS") was a former commercial tenant of the plaintiff JERICHO ATRIUM ASSOCIATES for an office suite in Jericho, New York, pursuant to a written lease dated June 15, 1998 (the "Lease"). The Lease was to extend for a period from July 1, 1998 through September 30, 2003. Simultaneously with the execution of the Lease, defendants DANIEL PHILLIPS ("PHILLIPS") and SAVERIO CARINO ("CARINO"), principals of PEGASUS, executed a written guaranty of PEGASUSs obligations under the Lease ( the "Guaranty"). On November 30, 2000, in resolution of landlord/tenant proceedings prompted by defendants nonpayment of rent, PEGAGUS surrendered the Lease and vacated the premises.