EXHIBIT 6.2.4
Office Space Lease for Principal Office
LEASE AGREEMENT
BETWEEN:
CREDIT MUTUEL DE MONTREAL CMM INC., a company duly incorporated under the laws
of Canada, having its head office at 0000 Xxxx-Xxxxxxxx Xxxx, xxxxx 0000,
Xxxxxxxx, Province of Xxxxxx, Xxxxxx, X0X 0X0, herein represented by Xxxxxxxxx
X. Xxxxxxxxx, its vice-president and secretary, (hereinafter called "CMM");
AND
MERCANTILE FACTORING CREDIT ONLINE CORP., a company duly incorporated under the
laws of the State of Nevada, U.S.A., having its head office at 0000 Xxxxxxxxx
Xxxxx, xxxxx 000, Xxxx, Xxxxx of Nevada, U.S.A., 89509, and having a place of
business at 0000 Xxxx-Xxxxxxxx Xxxx, xxxxx 0000, Xxxxxxxx, Province of Xxxxxx,
Xxxxxx, X0X 0X0, herein represented by Xxxxxxxxx X. Xxxxxxxxx, its president,
(hereinafter called "MFCO");
CONSIDERING THAT MFCO intends to occupy part of CMM's office space which is
situated at 0000 Xxxx-Xxxxxxxx Xxxx, xxxxx 0000, Xxxxxxxx, Province xx Xxxxxx,
Xxxxxx, X0X 0X0 (hereinafter called the "Premises"), the parties have entered
into the present lease agreement:
TERM OF THE LEASE
This lease shall commence on the first (1st) day of October, 1999 and shall
expire on the thirty-first (31st) day of January, 2003.
RENT
As rent for the Premises, MFCO covenants and agrees to pay to CMM twenty percent
(20%) of CMM's rent, payable in consecutive monthly installments, in advance on
the first day of each calendar month. On October 1st, 1999, the rent payable of
CMM is 9,069.87 CAD, including taxes. Any increase or escalation of CMM's rent
shall increase MFCO's rent accordingly.
HEAD LEASE
It is understood between both parties that the present agreement is subject to
the terms of a lease between CMM and TWELVE-FIFTY, COMPANY LIMITED executed on
the third (3rd) day of April, 1998.
AND THE PARTIES HAVE SIGNED ON THIS FIRST (1ST) DAY OF OCTOBER, 1999 IN
MONTREAL, PROVINCE OF QUEBEC, CANADA.
/s/ Xxxxxxxxx X. Xxxxxxxxx /s/ Xxxxxxxxx X. Xxxxxxxxx
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Credit Mutuel de Montreal CMM Inc. Mercantile Factoring Credit Online Corp.
