RENTAL AGREEMENT
This is an Agreement to Rent (the “Agreement”) effective March 1, 2007,
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BETWEEN:
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Hartlin Management Services (the "Lessor"), a company organized and existing under the laws of the Province of British Columbia with its head office located at:
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#110, 20177 – 00X. Xxxxxx
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Xxxxxxx, Xxxxxxx Xxxxxxxx X0X 0X0
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AND:
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New Fuel Systems Inc. (the "Lessee"), a corporation organized and existing under the laws of the Province of British Columbia, with its records and head office to be located at:
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#110, 20177 – 00X Xxxxxx
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Xxxxxxx, Xxxxxxx Xxxxxxxx X0X 0X0
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TERMS
It is agreed that:
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1.
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Lessor does hereby agree to grant, demise and let and Lessee does hereby agree to utilize premises situated in Langley, British Columbia at #110, 20177 – 54A. Avenue at the rent or sum of $1000.00 per month, to be paid as follows:
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a) $1000.00 per month to paid every month or to be paid every quarter starting March 1, 2007
b) Lessor shall submit an invoice to the Lessee on the first day of the first month of each quarter; starting March 1, 2007 then June 1, September 1, January 1, consecutively.
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2.
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The parties here shall execute the rental agreement herein provided for on March 1, 2007.
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3.
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The agreed upon rental fee of $1000.00 per month shall include the Lessee’s proportionate share of the telephone, internet, hydro, maintenance fees, and off- site storage costs for archived company records paid by the Lessor.
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4.
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These presents shall operate only as an agreement to rent and not as a lease therefore is subject to cancellation at any time.
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5.
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This agreement shall remain in effect until such time that a thirty day written notice to cancel said agreement by the Lessee is received by the Lesser.
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IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
LESSOR LESSEE
/s/ “Xxxxx Xxxxxxx” /a/ "Xxxx Xxxxxx”
Authorized Signature Authorized Signature
Xxxx Xxxxxx, President/CEO
Xxxxx Xxxxxxx – President/Owner
Print Name and Title Print Name and Title
AMENDMENT TO RENTAL AGREEMENT
This Amendment to Rental Agreement (the “Agreement” dated Mar 1, 2007) is made and effective September 1, 2008.
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BETWEEN:
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Hartlin Management Services (the "Lessor"), a company organized and existing under the laws of the Province of British Columbia with its head office located at:
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#110, 20177 – 00X. Xxxxxx
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Xxxxxxx, Xxxxxxx Xxxxxxxx X0X 0X0
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AND:
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New Fuel Systems Inc. (the "Lessee"), a corporation organized and existing under the laws of the Province of British Columbia, with its records and head office to be located at:
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#110, 20177 – 00X Xxxxxx
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Xxxxxxx, Xxxxxxx Xxxxxxxx X0X 0X0
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AMENDED TERMS
It is agreed that:
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1.
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The agreed upon rental fee of $1000.00 per month that includes the Lessee’s proportionate share of the telephone, internet, hydro, maintenance fees, and off- site storage costs for archived company records paid by the Lessor is to be increased to $1100.00 per month effective October 1, 2008.
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IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
LESSOR LESSEE
/s/“Xxxxx Xxxxxxx” /s/“Xxxx Xxxxxx”
Authorized Signature Authorized Signature
Xxxxx Xxxxxxx, Pres/Owner Xxxx Xxxxxx, Pres/CEO
Print Name and Title Print Name and Title
