EXHIBIT 10.4.1
ADDENDUM TO LEASE
(COMMERCIAL)
Made the 1st day of May, 1995
BETWEEN:
Xxxxx Xxxxxxxxxxx (the Landlord)
- and -
Xxxxxx Arabians Inc. (the Tenant)
In consideration of the rents, covenants and obligations stipulated herein,
the Landlord and the Tenant have agreed to enter into a Lease of the premises
known municipally as:
X.X. #0, Xxxxxxx Xxxx, Xxxxxxx, Xxxxxxx.
and more particularly described in: Schedule "A" (original Lease)
Schedule "D" (attached aerial photograph)
1. Grant of Lease
(1) The Landlord leases the Premises to the Tenant:
(a) pursuant to point 2.(3) of the Commercial Lease dated August 26,
1994 between the above parties, it is mutually agreed that the six acres
of land as described in Schedule "C" of the original Lease plus all
remaining lands and fields as noted on the attached Aerial Photograph
will be leased to the Tenant by the Landlord. (approximately 70 acres)
(b) the Term of the Lease on these additional lands shall run for a
period of five years ending on the last day of September, 1999 to
coincide with the Term as set out in the original Lease dated August 26,
1994.
(c) the annual Rent for all leased lands as described herein and noted
on Schedule "C" of the original Lease and the attached Schedule "D"
(Aerial Photograph) shall be set at a total of $2,000.00 per annum
payable quarterly in addition to the Rents and Terms of Payment as set
out in the original Lease and
more particularly described in section 2.(2). The initial payment of
$333.34 for these additional lands shall be due and payable May 01, 1995
and will cover the months of May and June, 1995. Further payments for
these additional lands of $500.00 per quarter shall be due and payable
with the first full quarterly payment to be made July 1, 1995.
(d) all Terms and Conditions as set out in the original Lease of August
26, 1994 shall also apply to this "Addendum of Lease".
In witness of the foregoing covenants, the Landlord and the Tenant have
executed this Lease.
Dated at Addison, Ontario this 24th day of April, 1995
_________________________________ ___________________________
Witness Landlord
Dated at Addison, Ontario this 24th day of April, 1995
_________________________________ ___________________________
Witness Tenant
SCHEDULE D
To Lease Between:
Xxxxx Xxxxxxxxxxx (the Landlord)
-and-
Xxxxxxx Arabians Inc. (the Tenant)
See attached Sheet:
In witness of the foregoing covenants, the landlord and the Tenant have
executed this Lease.
Dated at Addison, Ontario this 30th day of April, 1994
_________________________________ ___________________________
Witness Landlord
Dated at Addison, Ontario this 30th day of April, 1994
_________________________________ ___________________________
Witness Tenant
