Purchase Agreement Option
Between
CyberPort Niagara Inc.
And
117459 Ontario Inc.
to be assigned to
Niacan Ltd.
The LESSEE, has the sole option, at any time during the term of this
lease to purchase the property located at 0000 Xxxxx Xxxxxx, Xxxxxxx Xxxxx,
Xxxxxxx, from 117457 Ontario Inc. to be assigned to Niacan Ltd. as LESSOR, for
Three Million Dollars Canadian ($3,000,000.00 - Canadian) Dollars and the
purchase may be completed at any time between January 1st, 1998 and July 31st,
1998, failing which this option is null and void and the LESSEE'S tenancy
continues to term.
Dated at Niagara Falls, Ontario, this day of March , 1997.
CYBERPORT NIAGARA INC.
per: Xxxxxxx Xxxx
----------------------------- -------------------------------------
Witness I have the power to bind the company.
117459 Ontario Inc.
to be assigned to
NIACAN LTD.
per: Xxxxx Xxxxxx
----------------------------- -------------------------------------
Witness I have the power to bind the company
