EXHIBIT 10.15
LEASE AGREEMENT
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LANDLORD: XXXXXX ENTERPRISE LTD.
ADDRESS OF PREMISE: 0000 Xxxx Xxxxxx, Xxxxx 000, Xxxxxxxxx, XX, X0X 0X0
TENANT: CHEMOKINE THERAPEUTICS CORP.
TENANT'S ADDRESS: 0000 Xxxx Xxxx (XXX), Xxxx 000, Xxxxxxxxx, XX, X0X 0X0
TERM: Five (5) years.
COMMENCEMENT DATE: January 01, 2003
BASIC RENT: $2,000 per month, plus GST ($2,000 + $140; total $2,140)
SCOPE OF ACTIVITY: Biopharmaceutical business activity
PARKING PERMIT: One (1) parking included in the price, (slot #11)
DEPOSIT: One (1) month; $2,070
LANDLORD'S WORK: Tenant is responsible for all the improvement costs.
RENEWAL TERM: One (1) Option to Renew for a term of 1 year.
EARLY TERMINATION; Tenant has the right to terminate the Lease at any time
prior to the end of the Term. However, Tenant is responsible for the full
payment of the remaining Lease from the date of early termination notice to the
end of the 5-year term.
The parties in consideration of the covenants and agreements in this Lease
contained, covenant and agree each with the other that the terms herein shall
form the Lease Agreement, and the parties shall be bound by the same. The Laws
of the Province of British Columbia govern this Agreement.
IN WITNESS WHEREOF the Landlords, the Tenant have executed this Lease as of the
01st day of January 2003.
Landlord: Tenant:
XXXXXX ENTERPRISES LTD. CHEMOKINE THERAPEUTICS CORP.
/s/ Xxxxxx Xxxxxx /s/ Xxxxxx Xxxx
Authorized Signatory Authorized Signatory
