Exhibit 99
OFFICE RENTAL AGREEMENT
BETWEEN: GUINNESS BUSINESS CENTRE LTD.
SUITE 300 - 0000 XXXX XXXXXXXX XXXXXX
XXXXXXXXX, X.X. X0X 0X0
(HEREINAFTER REFERRED TO AS "LANDLORD")
AND MIDNET INC.
XXXXX 000-0000 XXXX XXXXXXXX XXXXXX
XXXXXXXXX, X.X. X0X 0X0
(HEREINAFTER REFERRED TO AS "CLIENT")
In consideration of the charges payable and the agreement herein, the parties
agree as follows:
1. The Client agrees to rent from the Landlord office number 7 located in the
Xxxxxxxx Xxxxx, 0xx Xxxxx at 0000 Xxxx Xxxxxxxx Xxxxxx, Xxxxxxxxx, X.X.
2. The term of the agreement shall be 12 MONTHS, to commence on JANUARY 1,
2004 AND TERMINATING ON DECEMBER 31, 2004. After the end of this term, the
rates will be reviewed, and if another term is requested, a new Agreement
will be drawn up with an increase of not more than 3% in rental rate.
3. If the Client does not wish to continue renting the office space beyond the
Rental term, then the Client agrees to give at least one clear calendar
month's written notice of intent to vacate the space. Upon termination of
this Agreement, rates will be reviewed and leasing will be on a
month-to-month basis, in which case the Client agrees to give at least one
clear calendar month's notice of intent to vacate, or to pay one month's
rent in lieu of proper notice.
4. The Client agrees to pay the Landlord a SECURITY DEPOSIT IN THE AMOUNT OF
$1175.00, to be applied to any charges owing by the Client at the end of
the term of occupancy. The deposit, less any outstanding charges, will be
refunded after the end of the term.
5. The Client agrees to pay the Landlord, without any set-off, compensation or
deduction whatsoever, a monthly rent and fees as follows:
5.1 monthly rent in advance of $1175.00 PER MO.; throughout the lease
term, plus 7% GST applicable.
5.2 charges (plus applicable taxes) for fixed-cost services for the
current month, plus charges for services supplied by the Landlord or
incurred on behalf of the Client in the previous month.
which sum shall be due and payable on the first day of each month. Arrear
rent shall attract interest at a rate of 2% per month.
6. The Client agrees that non payment of rent or invoiced services for
whatever reason shall be cause for immediate termination of this Agreement
if the rent remains outstanding for more than five (5) calendar days from
the date on which the rent was due.
7. The Landlord will supply the Client with Building/Elevator Security Access
cards at a cost of $25.00 per card. All office and furniture keys supplied
to the Client by the Landlord must be surrendered at the end of the term;
otherwise a replacement charge will be levied by the Landlord.
8. During the notice period to vacate, the Landlord has the right to enter the
suite for purposes of showing the suite to prospective Clients at
reasonable times.
9. The Client shall use the suite for the purpose of a general office and for
no other purpose without the prior written consent of the Landlord.
10. In the event of a labour dispute involving the Client, the Landlord
reserves the right to terminate this agreement immediately should the said
dispute interfere with the normal operations of the Business Centre.
11. In exchange for the monthly rent, based on a single occupant per office,
the Client shall be entitled to utilize all the amenities and services of
the Business Centre as per the attached schedule. If a second occupant is
approved by the Landlord for the office, $95.00/MO ($55.00 IF THE OFFICE IF
UNFURNISHED) will be charged and will entitle the 2nd occupant to utilize
the said amenities and services.
12. The serviced hours of business shall be from 8:30 am to 5:00 pm Monday to
Friday, holidays excepted. Clients issued bona fide security pass cards by
the Landlord may access the premises at any time, with the understanding
that the air conditioning/heating system is on "minimum" during late
non-business hours. In rare cases, the building may be closed at the
owner's discretion for maintenance procedures. Clients bringing visitors in
after hours must accompany them at all times and are completely responsible
for ensuring that security of the floor is not compromised.
13. The Landlord shall arrange for all permitted installations, alterations and
connections in the suite, which costs shall be paid for by the Client.
Pictures may be hung by permission using approved hardware. No signs shall
be posted on Client's door, sidelight or windows.
14. The Landlord reserves the right to set out reasonable rules and regulations
for the efficient operation of the Business Centre. Failure to comply could
result in termination of the rental agreement by the Landlord.
15. The Client acknowledges that the premises are in good condition and
undertakes to maintain them in good condition and deliver them back to the
Landlord in similar condition. The Client shall be responsible for any
damages to the office, furniture or premises.
16. The Client shall be responsible for insuring the personal contents in the
suite if they so choose. The Landlord shall not be responsible for any
damage to the premises of the client nor for the loss or damage to any
property of the client by theft or otherwise.
17. The Client agrees to conduct business or activity in a manner that will not
be deemed a nuisance or annoyance to other persons occupying offices in the
Business Centre.
18. The Client may not assign or sublet the suite.
Signed xx 00-00-00
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MIDNET INC. GUINNESS BUSINESS CENTRE LTD.
/s/ Xxxxx Xxxxxxxx /s/ Xxxxxx Xxxxx
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Xxxxx Xxxxxxxx Xxxxxx Xxxxx
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