EXHIBIT 10.17
SUBLEASE
THIS SUBLEASE made as of November 15, 1998.
B E T W E E N:
INFORMATION ACCESS INC.
(the "Sublandlord")
- and -
JUTVISION CORPORATION
(the "Subtenant")
RECITALS:
--------
1. Pursuant to a lease (the "Lease") made as of March 7, 1995, between
Beallor, Beallor & Xxxxx Inc., receiver and manager and agent for
Centennial Centre Limited and Chadwill Coal Company Limited (the "Original
Landlord"), as landlord, and the Sublandlord, as tenant, the Original
Landlord leased to the Sublandlord those premises known as Suite 107 in the
building municipally known as 0000 Xxxxxxxx Xxxxxx Xxxx Xxxxxxx, Xxxxxxx
(the "Building"), such premises being more particularly described in the
Lease (the "Premises");
2. 0000-0000 Xxxxxxxx Xxxxxx West Inc. (the "Landlord") is now the landlord
under the Lease;
3. The Sublandlord has agreed to sublease to the Subtenant and the Subtenant
has agreed to sublease from the Sublandlord approximately 50% of the
Premises (the "Subleased Premises"), on the terms contained in this
Sublease;
NOW THEREFORE THIS SUBLEASE WITNESSES that in consideration of the
covenants and agreements contained in this Sublease and other good and valuable
consideration (the receipt and sufficiency of which is hereby acknowledged by
each of the parties), the parties covenant and agree as follows:
ARTICLE 1.00 - INTERPRETATION
-----------------------------
1.01 Definitions
-----------
Unless otherwise defined in this Sublease, or unless there is something in
the context inconsistent therewith, all capitalized terms used in this Sublease
shall have the meaning given such terms in the Lease. In addition, the following
terms have the respective meanings set out below:
"Additional Rent" means all sums of money or charges required to be paid by
the Subtenant under this Sublease in addition to Gross Rent and Lease Rent
whether or not designated "Additional Rent" and whether payable to the
Sublandlord or to third parties;
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"Claims" means claims, losses, damages (direct, indirect, consequential or
otherwise), suits, judgments, causes of action, legal proceedings,
executions, demands, penalties or other sanctions of every nature and kind
whatsoever, whether accrued, actual, contingent or otherwise and any and
all costs arising in connection therewith, including, without limitation,
legal fees and disbursements on a solicitor and his own client basis
(including without limitation, all such legal fees and disbursements in
connection with any and all appeals);
"Event of Default" means any of the following events:
(a) the Subtenant fails to pay any Rent reserved by this Sublease on the
day or dates appointed for the payment thereof and such failure
continues for 2 days after written notice from the Sublandlord;
(b) the Subtenant fails to observe or perform any of the terms, covenants,
obligations or conditions of this Sublease to be observed or performed
by the Sublandlord (other than the payment of Rent) and
(i) fails to remedy such breach within 8 days (or such shorter period
of time as may be given by the Landlord under the Lease, less 2
days) of the receipt or deemed receipt by the Subtenant of
written notice from the Sublandlord respecting such breach; or
(ii) if such breach cannot be reasonably remedied within 8 days or
such shorter period, the Subtenant fails to commence to remedy
such breach within such 8 day or shorter period or thereafter
fails to proceed diligently to remedy such breach;
(c) the Subtenant becomes bankrupt or insolvent or takes the benefit of
any statute for bankrupt or insolvent debtors or makes any proposal,
assignment or arrangement with its creditors;
(d) a receiver or a receiver and manager is appointed for all or a portion
of the Subtenant's property;
(e) any steps are taken or any actions or proceedings are instituted by
the Subtenant or by any other party including without limitation any
court or governmental body of competent jurisdiction for the
dissolution, winding up or liquidation of the Subtenant or its assets;
(f) this Sublease or any of the Subtenant's assets are taken under a writ
of execution;
(g) the Subtenant assigns, transfers or encumbers this Sublease or sublets
or permits the occupation or use or the parting with or sharing
possession of all or any part of the Subleased Premises by anyone
except in a manner permitted by this Sublease;
(h) any insurance policies covering any part of the Building or any
occupant thereof are actually or threatened to be cancelled or
adversely changed as a result of any use or occupancy of the Subleased
Premises by any Person;
"Gross Rent" shall have the meaning given it in section 3.01(a);
"Lease Rent" means all Rent (as that term is defined in the Lease) payable
under the Lease;
"Landlord's Covenants" means all of the terms, covenants and conditions of
the Lease on the part of the Landlord to be observed and performed;
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"Person" includes an individual, a corporation, a limited partnership, a
general partnership, a trust, a joint stock company, a joint venture, an
association, a syndicate, a bank, a trust company and the municipal
provincial and federal governments and any agency thereof, and any other
legal and business entity, and "Persons" shall have a corresponding
meaning;
"Rent" means all Gross Rent, Lease Rent and Additional Rent payable by the
Subtenant pursuant to this Sublease;
"Sales Taxes" means all goods and services, business transfer, value-added,
national sales, multi-stage sales, sales, use or consumption taxes or other
similar taxes imposed by any lawful taxing authority in Canada upon the
Sublandlord or the Subtenant, or in respect of this Sublease, or the
payments made by the Subtenant hereunder, or the goods and services
provided by the Sublandlord hereunder, including, without limitation, the
rental of the Subleased Premises;
"Sublandlord's Covenants" means all of the terms, covenants and conditions
of this Sublease on the part of the Sublandlord to be observed and
performed;
"Sublease Term" shall have the meaning given that term in section 2.01, as
same may be extended in accordance with section 2.02;
"Subtenant's Covenants" means all of the terms, covenants and conditions of
this Sublease on the part of the Subtenant to be observed and performed;
"Subtenant's Employees" means the Subtenant's directors, officers,
employees, servants, agents and those for whom the Subtenant is responsible
at law; and
"Tenant's Covenants" means all of the terms, covenants and conditions of
the Lease on the part of the Sublandlord to be observed and performed.
1.02 Recitals
--------
Each of the parties represents and warrant to the other that the recitals
set out above are true and correct in substance and in fact, as each such
recital relates to each party, and are incorporated as an integral part of this
Sublease.
ARTICLE 2.00 - DEMISE AND TERM
------------------------------
2.01 Term
----
The Sublandlord hereby subleases the Subleased Premises to the Subtenant
for and during a term (the "Sublease Term") commencing on November 15, 1998 (the
"Commencement Date") and continuing until and including April 14, 1999, unless
sooner terminated in accordance with this Sublease. Notwithstanding the
foregoing, the Subtenant shall only have the right to occupy the Subleased
Premises as long as the Lease remains in full force and effect and has not been
terminated.
2.02 Right to Extend
---------------
(a) The Subtenant may extend the Sublease Term so as to expire on the day
preceding the last day of the Lease (the "Extension Option"), if the Subtenant:
(i) observes and performs all of the Subtenant's Covenants and is not in
default of any of the
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Subtenant's Covenants at the time it exercises the Extension Option;
(ii) is in possession of the Subleased Premises; and
(iii) advises the Sublandlord in writing that it is exercising the within
option to extend by no later than February 1, 1999.
(b) If the Subtenant exercises the Extension Option in accordance with section
2.02(a), then:
(i) the Sublandlord shall vacate the Premises within 120 days following
the date that the Subtenant exercises the Extension Option, the day
the Sublandlord vacates being called the "Vacated Date";
(ii) the Subtenant shall continue to pay the Gross Rent until the last day
of the month in which the Vacated Date occurs. Upon the Sublandlord
vacating the Premises, on the first day of the month following the
month in which the Vacated Date occurs, this Sublease shall be deemed
to be amended so that the Rent payable by the Subtenant to the
Sublandlord shall be the Lease Rent. The Lease Rent shall be paid by
the Subtenant to the Sublandlord, in advance, on the first day of
each month; and
(iii) on the Vacated Date, the Subleased Premises shall be deemed to
include all of the Premises.
2.03 Location of the Subleased Premises
----------------------------------
The parties acknowledge and agree that until such time as section
2.02(b)(iii) comes into effect, the actual location of the Subleased Premises
shall be such area as is designated by the Sublandlord and the Subtenant from
time to time.
2.04 As Is Condition
---------------
The Subtenant acknowledges that it has inspected the Subleased Premises and
agrees to accept the Subleased Premises in their present condition, and the
Subtenant agrees that the Sublandlord has not undertaken to perform any work at
the Subleased Premises for the benefit of the Subtenant.
2.05 Leasehold Improvements
----------------------
If the Extension Option is exercised, the Subtenant shall be responsible
for removing such leasehold improvements, installations, alterations, partitions
and fixtures in the Subleased Premises as the Landlord may require to be
removed, but only to the extent that the Lease permits the Landlord to require
same to be removed.
2.06 Parking
-------
Subject to any rights of the Landlord under the Lease to regulate parking,
the Subtenant may use the parking facilities serving the Building on a first-
come, first-served basis.
2.07 Office Infrastructure
---------------------
During that part of the Sublease Term prior to the Vacated Date, the
Sublandlord shall permit the Subtenant the use of the following:
(a) the telephone infrastructure in the Premises. In this regard, the
Subtenant shall be entitled to
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use such telephones lines as the Sublandlord is not using. The
Subtenant shall, however, be responsible for all costs (including
without limitation, long distance charges) associated with each phone
line used by the Subtenant. If such costs are invoiced by the
Sublandlord to the Subtenant, the Subtenant shall pay such invoice
within 15 days of receipt of same;
(b) the unused office furniture in the Premises;
(c) the Sublandlord's surplus desktop and laptop computers. The
Sublandlord shall establish a sign-out system for the use of such
computers, and the Subtenant shall sign-out such computers in
accordance with such system;
(d) the security system in the Premises;
(e) reception support;
(f) courier management, but the Subtenant shall be responsible for all
courier costs;
(g) the kitchen and washroom facilities;
(h) the postage machine. The Subtenant shall be responsible for the cost
of all postage used by the Subtenant. The Sublandlord shall invoice
the Subtenant for the postage costs incurred by the Subtenant and the
Subtenant shall pay same to the Sublandlord within 15 days of receipt
of the invoice;
(i) the, fax machine in the Premises. The Subtenant shall be responsible
for all long-distance charges and shall pay such costs to the
Sublandlord within 15 days of receipt of an invoice from the
Sublandlord; and
(j) the photocopy machine in the Premises.
2.08 Signage
-------
The Subtenant may place its signage on the exterior of the Premises in the
locations provided for the signage of tenants, provided that it obtains the
Subtenant's consent (not to be unreasonably withheld) and the Landlord's
consent. However, prior to the Vacated Date, the Sublandlord shall not be
required to remove any of its existing signage in order to allow the Subtenant
to instal its signage.
ARTICLE 3.00 - SUBTENANT'S COVENANTS
------------------------------------
3.01 Rent
----
(a) Subject to section 2.02, during the Subleased Term, the Subtenant shall pay
the Sublandlord a monthly gross rent in the amount of $4,000.00 (the "Gross
Rent").
(b) Gross Rent is to be paid by the Subtenant in advance on the fifteenth day
of each month during the Sublease Term.
(c) Except to the extent specifically permitted by the terms of this Sublease,
all Rent shall be paid by the Subtenant without set-off, abatement, or deduction
for any reason or cause whatsoever, including, without limitation, by reason of
section 35 of the Landlord and Tenant Act, the benefits of which are expressly
waived by
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the Subtenant.
3.02 Observance of Covenants under the Lease
---------------------------------------
(a) Commencing upon the Vacated Date, the Subtenant shall observe and perform
all of the Tenant's Covenants insofar as they pertain to the Subleased Premises
to the same extent as if the Subtenant had originally been a party to the Lease
as the tenant thereunder.
(b) During the Sublease Term, the Subtenant shall not do or omit to do any act
or thing upon the Subleased Premises which could cause the Sublandlord to be in
default of any of the Tenant's Covenants.
(c) The Subtenant shall be responsible for the cost of all repairs to the
Premises necessitated as a result of the actions or omissions of the Subtenant
or the Subtenant's Employees.
3.03 Consents
--------
Wherever the Sublandlord is required under the Lease to obtain the
Landlord's consent in order to perform or carry out a certain activity, the
Subtenant shall be similarly required to obtain both the Landlord's and the
Sublandlord's consent prior to performing or carrying out such activity.
3.04 Notices from the Landlord
-------------------------
The Subtenant and Sublandlord shall forthwith deliver to the other all
notices which they may receive from the Landlord or any other Person regarding
the Subleased Premises.
3.05 Entry
-----
(a) From and after the Vacated Date, the Subtenant shall permit the entry of
the Sublandlord onto the Subleased Premises from time to time during normal
business hours on 24 hours notice (except in the case of an emergency, when no
notice shall be required) for the purpose of complying with any of the Tenant's
Covenants and for the purpose of verifying that the Subtenant is in full
compliance with its obligations under this Sublease. Prior to the Vacated Date,
the Sublandlord may enter upon the Subleased Premises from time to time without
any prior notice to the Subtenant.
(b) The Subtenant shall permit the entry of the Landlord onto the Subleased
Premises from time to time in accordance with the Landlord's rights under the
Lease.
3.06 Insurance
---------
(a) The Subtenant shall take out and maintain, with reputable insurers
reasonably acceptable to the Sublandlord, the following insurance
(i) prior to the Vacated Date, the insurance required by section 7.1(a) of
the Lease except that the Subtenant shall not be required to (A)
insure the leasehold improvements in the Subleased Premises; or (B)
take out the boiler and machinery insurance contemplated by such
section;
(ii) from and after the Vacated Date, all insurance which the Sublandlord
is obliged to take-out and maintain under the Lease
which insurance shall contain all of the endorsements and provisions required by
the Lease. Wherever the Lease requires the Landlord to be named as an insured or
a loss-payee, the Sublandlord shall be similarly named.
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(b) Each policy of insurance (other than public liability insurance) shall
contain a waiver of any rights of subrogation which the Subtenant's insurers may
have against the Sublandlord and the Landlord.
(c) Each policy of insurance shall be endorsed with an endorsement providing
that no cancellation of such policy will be effective unless the Sublandlord and
the Landlord shall have received at least 30 days prior written notice of such
cancellation and the Sublandlord shall be given at least 30 days prior written
notice of any failure of the Subtenant to renew the insurance.
(d) The Subtenant shall cause a certificate of the insurer evidencing such
insurance and copies of all such policies and endorsements to be delivered to
the Sublandlord upon request.
3.07 Sales Tax
---------
The Subtenant shall pay to the Sublandlord (or to such other person to whom
the payment is made) all Sales Taxes payable as a result of the Subtenant paying
Rent in accordance with this Sublease, which payment shall be made at the same
time as the Rent to which the Sales Taxes relate is to be paid in accordance
with the terms of this Sublease.
ARTICLE 4.00 - ASSIGNMENT AND SUB-LETTING
----------------------------------------
4.01 Assignment and Subletting
-------------------------
The Subtenant shall not assign or encumber this Sublease or sublease the
whole or any part of the Subleased Premises, nor shall it part with possession
of the whole or any part of the Subleased Premises to any person (collectively,
a "Transfer") without the consent of the Sublandlord and the Landlord. The
consent of the Sublandlord shall not be unreasonably or arbitrarily withheld.
The consent of the Landlord shall be subject to the terms of the Lease. The
Subtenant shall be responsible for all costs all costs incurred by the Landlord
in connection with a request for consent. The provisions of the Lease relating
to assignment and sublettings are hereby incorporated in this Sublease with the
appropriate changes of reference being deemed to have been made with the intent
that all references to (a) the Premises shall be considered a reference to the
Subleased Premises; (b) the Landlord shall be considered a reference to the
Sublandlord; and (c) the Tenant shall be considered a reference to the
Subtenant.
ARTICLE 5.00 - USE
------------------
5.01 Use
---
The Subtenant shall use the Subleased Premises solely for the uses
permitted by the Lease and for no other use whatsoever.
ARTICLE 6.00 - REMEDIES
-----------------------
6.01 Subtenant's Default
-------------------
If and whenever an Event of Default occurs, then the Sublandlord has, to
the extent permitted by law, the right to immediately re-enter the Subleased
Premises and expel all persons, including, without limitation, the Subtenant,
and remove all property from the Subleased Premises without the Sublandlord
being considered guilty of trespass or becoming liable for any loss or damage
which may be occasioned thereby, all as if the Subtenant had not lawfully, been
in possession of the Subleased Premises. In addition to any and all other rights
of the Sublandlord, and at the option of the Sublandlord, the full amount of the
current month's Rent together with the next 3 month's Rent shall immediately
become due and payable as accelerated rent upon the occurrence of an Event of
Default.
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6.02 Remedies
--------
The remedies available to the Landlord under the Lease (the "Remedies") in
respect of the non-performance of the Tenant's Covenants by the Sublandlord, are
hereby incorporated in this Sublease and all terms, conditions, covenants, and
agreements contained in the Lease pertaining to the Remedies shall apply to and
be binding upon the parties, the appropriate changes of reference being deemed
to have been made with the intent that such provisions shall govern the
relationship in respect of such matters between the Sublandlord and the
Subtenant as if they were landlord and tenant, respectively, under the Lease,
except to the extent that such provisions are inconsistent with any other
provision contained in this Sublease. For greater certainty, whenever an Event
of Default occurs, the Sublandlord shall have available to it all of the
Remedies in respect of such Event of Default. If the Sublandlord terminates this
Sublease, in addition to any other remedies it may have, the Sublandlord may
recover from the Subtenant all damages it incurs by reason of the Subtenant's
breach.
ARTICLE 7.00 - SUBLANDLORD'S COVENANTS
--------------------------------------
7.01 Quiet Enjoyment
---------------
If the Subtenant observes and performs all of the Subtenant's Covenants,
the Subtenant may peaceably possess and enjoy the Subleased Premises for the
Sublease Term without any hindrance, interruption or disturbance from the
Sublandlord, provided that the Sublandlord shall not be liable to the Subtenant
in respect of any breach of this covenant resulting from the Sublandlord not
obtaining quiet enjoyment from the Landlord.
7.02 Observe and Perform Obligations Under the Lease
-----------------------------------------------
The Sublandlord shall observe and perform all of the Tenant's Covenants
insofar as same are not required to be observed and performed by the Subtenant
pursuant to the terms of this Sublease. The Sublandlord shall not be in any way
responsible for the consequences of any failure of the Subtenant to comply with
the Subtenant's Covenants.
7.03 Enforce Covenants
-----------------
The Sublandlord shall use reasonable efforts to enforce the Landlord's
Covenants for the benefit of the Subtenant upon the written request of the
Subtenant and at the expense of the Subtenant, expressly excluding any right to
renew or extend the term of the Lease.
7.04 Sublandlord's Representation and Warranty
-----------------------------------------
The Sublandlord represents and warrants to the Subtenant that the Lease is
in good standing and that the Sublandlord is not in default of any of the
Tenant's Covenants.
ARTICLE 8.00 - GENERAL PROVISIONS
---------------------------------
8.01 Notice
------
Any notice or other communication required or permitted to be given by
this Sublease shall be in writing and shall be effectively given if:
(a) delivered personally;
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(b) sent by prepaid courier service;
(c) sent by registered mail; or
(d) sent by fax, telex or other similar means of electronic communication
and confirmed by mailing the original documents so sent by prepaid
mail on the same or following day,
in the case of notice to:
(i) the Sublandlord at:
the Premises
Attention: Xxxx Xxxxxxx
(ii) the Subtenant at:
the Subleased Premises
or at such other address as the party to whom such notice or other communication
is to be given shall have advised the party giving same in the manner provided
in this section, provided that notice by the Sublandlord to the Subtenant shall
be sufficiently given if sent to the Subleased Premises notwithstanding any
other address which the Subtenant may give to the Sublandlord. Any notice or
other communication delivered personally or by prepaid courier service shall be
deemed to have been given and received on the day it is so delivered at such
address, provided that if such day is not a Business Day such notice or other
communication shall be deemed to have been given and received on the next
following Business Day. Any notice or other communication sent by registered
mail shall be deemed to have been given and received on the third Business Day
following the date of mailing. Any notice or other communication transmitted by
fax, telex or other similar form of electronic communication shall be deemed to
have been given and received on the day of its transmission provided that such
day is a Business Day and such transmission is completed before 5:00 p.m. on
such day, failing which such notice or other communication shall be deemed to
have been given and received on the first Business Day after its transmission.
Regardless of the foregoing, if there is a mail stoppage or labour dispute or
threatened labour dispute which has affected or could affect normal mail
delivery by Canada Post, then no notice or other communication may be delivered
by registered mail. If there has been a mail stoppage and if a party, sends a
notice or other communication by fax, telex or other similar means of electronic
communication, such party shall be relieved from the obligation to mail the
original document in accordance with this section.
8.02 Entire Agreement
----------------
This Sublease, and the Lease, constitutes the entire agreement between the
parties pertaining to the subject matter of this Sublease and supersedes all
prior agreements, offers to lease, understandings, negotiations and discussions,
whether oral or written, of the parties. This Sublease may not be modified or
amended except pursuant to an agreement in writing executed by the Sublandlord
and the Subtenant. There are no representations, warranties, covenants,
conditions or other agreements, whether oral or written, express or implied,
forming part of or in any way affecting or relating to this Sublease or the
Subleased Premises except as expressly set out in this Sublease.
8.03 Applicable Law
--------------
This Sublease shall be construed in accordance with the laws of the
Province of Ontario and the laws of Canada applicable in the Province of Ontario
and shall be treated in all respects as an Ontario contract. Each of the
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parties irrevocably attorns to the jurisdiction of the courts of the Province of
Ontario.
8.04 Interpretation
--------------
In this Sublease, "herein", "hereof", "hereunder", "hereafter" and similar
expressions refer to this Sublease and not to any particular section, paragraph
or other portion thereof, unless there is something in the subject matter or
context inconsistent therewith. The parties agree that all of the provisions of
this Sublease are to be construed as covenants and agreements as though the
words importing such covenants and agreements were used in each separate
paragraph of this Sublease. In this Sublease the term "however caused" shall
include, without limitation, the negligence of the Sublandlord, its officers,
employees, agents, invitees or other Person for whom it may in law be
responsible.
8.05 Partial Invalidity
------------------
If for any reason whatsoever any term, covenant or condition of this
Sublease, or the application thereof to any Person, firm or corporation or
circumstance, is to any extent held or rendered invalid, unenforceable or
illegal, then such term, covenant or condition:
(a) is deemed to be independent of the remainder of the Sublease and to be
severable and divisible therefrom, and its validity, unenforceability
or illegality does not affect, impair or invalidate the remainder of
the Sublease or any part thereof; and
(b) continues to be applicable to and enforceable to the fullest extent
permitted by law against any Person and circumstance other than those
as to which it has been held or rendered invalid, unenforceable or
illegal.
8.06 Survival of Obligations
-----------------------
If either party is in default of any of its obligations under this Sublease
at the time this Sublease expires or is terminated:
(a) such party shall remain fully liable for the performance of such
obligations; and
(b) all of the non-defaulting party's rights and remedies in respect of
such failure shall remain in full force and effect.
In addition, all indemnities of the Subtenant in favour of the Sublandlord, and
vice-versa, shall survive the expiration or earlier termination of this
Sublease.
8.07 Time
----
Time shall be of the essence of this Sublease and every part of it, except
as may be expressly provided to the contrary in this Sublease, and no extension
or variation of this Sublease shall operate as a waiver of this provision. When
calculating the period of time within which or following which any act is to be
done or step taken pursuant to this Sublease, unless this Sublease provides to
the contrary, the date which is the reference date in calculating such period
shall be excluded.
8.08 No Waiver
---------
The waiver by the Sublandlord of any breach of any term, covenant or
condition herein contained shall be deemed not to be a waiver of any subsequent
breach of the same or any other term, covenant or condition herein
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contained. The subsequent acceptance of any amount hereunder by the Sublandlord
shall not be deemed to be a waiver of any preceding breach by the Subtenant of
any term, covenant or condition of this Sublease, regardless of the Sublandord's
knowledge of such preceding breach at the time of acceptance of such amount. No
term, covenant or condition of this Sublease shall be deemed to have been waived
by the Sublandlord unless such waiver is in writing by the Sublandlord.
8.09 Confidentiality
---------------
Each of the parties shall retain in the strictest of confidence any
confidential information of the other party which advertently or inadvertently
comes into the possession of a party as a result of their both occupying the
Premises during the period prior to the Vacated Date.
8.09 Actions of Landlord
-------------------
The exercise by the Landlord of any of its rights or purported rights under
the Lease shall be deemed not to be a breach by the Sublandlord of any of the
Sublandlord's Covenants, unless such rights are validly exercised as a result of
a default of the Sublandlord under the terms of the Lease, which default is not
in any way attributable to the acts or omissions of the Subtenant.
8.10 Landlord's Consent and Costs
----------------------------
Except for the provisions of this section 8.10, this Sublease is deemed not
to have been signed by the Sublandlord nor delivered by the Sublandlord to the
Subtenant until such time as the Landlord has given its consent to the within
sublease by the Sublandlord to the Subtenant. The Subtenant shall be responsible
for the payment of all fees and other amounts charged by the Landlord in
connection with the request for its consent (including without limitation, all
costs which the Landlord may charge to the Tenant pursuant to the terms of the
Lease), regardless of whether or not the Landlord gives its consent to the terms
of this Sublease, to a maximum of $1,000.00 plus all applicable GST.
8.11 Acknowledgment of Receipt of Lease
----------------------------------
The Subtenant acknowledges receipt of a copy of the Lease.
8.12 Successors
----------
This Sublease shall ensure to the benefit of and be binding upon the
parties and their respective successors and permitted assigns.
IN WITNESS WHEREOF the parties have duly executed this Sublease with effect
as of November 15, 1998.
INFORMATION ACCESS INC.
Per: /s/ Xxxxxx Xxxxxxx
--------------------------------------
Name: Xxxxxx Xxxxxxx
Title: President
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JUTVISION CORPORATION
Per: /s/ Xxxxxxx X. XxXxxxx
--------------------------------------
Name: Xxxxxxx X. XxXxxxx
Title: Chairman
[LETTERHEAD OF DUNDEE APPEARS HERE]
February 22, 1999
Xx. Xxxx Xxxxxxx
Information Access Inc.
0000 Xxxxxxxx Xxxxxx Xxxx
Xxxxx 000
Xxxxxxxxx, Xxxxxxx
X0X 0X0
Dear Xx. Xxxxxxx:
Re: Consent to Sublease between 0000-0000 Xxxxxxxx Xxxxxx West Inc. (the
"Landlord"), Information Access Inc. (the "Tenant") and Jutvision
Corporation (the "Subtenant") dated December 16, 1998
-----------------------------------------------------------------------------
This letter shall amend and become part of the above noted Consent to Sublease
for Premises located at 0000 Xxxxxxxx Xxxxxx Xxxx Xxxxx 000 (the "Leased
Premises"), whereas the Subtenant subletted a portion of the Leased Premises
from the Tenant with an option to sublease all of the Leased Premises to the
Subtenant from November 15, 1999 and ending April 14, 1999. Further, the
Subtenant has the option to extend the sublease term to February 28, 2000.
This letter shall confirm that the Subtenant will sublease all of the Leased
Premises commencing April 1, 1999 and ending February 28, 2000.
All other terms and conditions of the Consent to Sublease are to remain the
same.
Xx. Xxxx Xxxxxxx
Information Access Inc.
Page 2
Please indicate your acceptance of the foregoing by executing in the space
provided below and return to the Landlord on or before 12:00 on Friday, February
26, 1999. Failure to return this letter executed by both the Tenant and
Subtenant shall doom this amendment to the Consent to Sublease null and void and
of no further force and effect.
Please call me should you have any questions.
Your truly,
DUNDEE REALTY MANAGEMENT CORP.
As Agent For Owners, 0000-0000 Xxxxxxxx Xxxxxx Xxxx Inc.
/s/ Xxxxxx Xxxxxxx
Xxxxxx Xxxxxxx
Assistant Leasing Manager
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AGREED and accepted this 4/th/ day of March, 1999
INFORMATION ACCESS INC.
/s/ Xx. Xxxx Xxxxxxx
-----------------------------------------------c/s
Xx. Xxxx Xxxxxxx
I have the authority to bind the corporation
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AGREED and accepted this 10/th/ day of March, 1999
JUTVISION CORPORATION
/s/ Xx. Xxx Xxxxxx
-----------------------------------------------c/s
Xx. Xxx Xxxxxx
I have the authority to bind the corporation
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[LETTERHEAD OF XXXXXX.XXX APPEARS HERE]
Fax
To: Xxx Xxxxxx From: Andy Aiklen
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Fax: [Click here and type fax number] Pages: [Click here and type # of pages]
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Phone: [Click here and type phone number] Date: 05/07/99
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Re: [Click here and type subject of fax] CC: [Click here and type name]
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[_] Urgent [_] For Review [_] Please Comment [_] Please Reply [_] Please Recycle
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. Comments
Xxx,
All I have is the final consent to sublease agreement. Here are the copies
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