Exhibit 10.1(a)
Lease Quebec Premises
SUB- LEASING AGREEMENT
BETWEEN: WORLDWIDE BUSINESS CONSULTANTS S.A., corporation duly incorporated
in the country of Panama, represented by Me Andre Xxxxxx Xxxxxx, lawyer having
his office at 000 Xxxxx x'Xxxxx, Xxxxx 0000, Xxxxxxxx, (Xxxxxx) Xxxxxx, X0X 0X0;
AND: GSI TECHNOLOGIES XXX.XXX., corporation duly incorporated in the state
of Delaware in the UNITED STATES, having an office at 00 Xxxxx Xxxx, Xxxxxxxxxx,
X.X.00000, represented by his president Xx. Xxxx Xxxxx duly authorized to the
matter;
THE PARTIES AGREE AS FOLLOWS;
1. GSI TECHNOLOGIES USA INC., hereby, agrees to sub-lease from WORLDWIDE
BUSINESS CONSULTANTS S.A. the premises located at 400 St-Jacques,
suite 500, Montreal (Quebec) Xxxxxx, X0X ISI at the same terms and
conditions stipulated in the lease signed par WORLDWIDE BUSINESS
CONSULTANTS S.A. with the Landlord, copy of the said lease is attached
to the present agreement.
2. GSI TECHNOLOGIES USA INC undertakes to fulfill all the obligations of
WORLDWIDE BUSINESS CONSULTANTS S.A. mentioned in this lease.
3. All payment shall be made directly to the Landlord and to the others
parties for services, like electricity, taxes, etc.
4. GSI TECHNOLOGIES USA INC agrees to pay for any damages caused to the
premises during the term of occupation and to hold an insurance policy
for an amount of two millions dollars C.D.N. In favor of WORLDWIDE
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BUSINESS CONSULTANTS S.A. during the term of this agreement.
After having read and understood, the parties have signed:
GSI TECHNOLOGIES USA-INC.
Per : Xxxx Xxxxx
WORLDWIDE BUSINESS CONSULTANTS S.A.
Per: Me Andre Xxxxxx Xxxxxx
Montreal, the first of September 2002.
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