MEMORANDUM OF AGREEMENT OF EXTENSION OF LEASE MADE AND ENTERED INTO XXX XXXX XX
XXX XXXXXXXX XX XXXXXXXX, XX THIS 23RD DAY OF SEPTEMBER 1997.
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BETWEEN: METRO II & III (G.P.), general partnership, duly authorized to
act on behalf of the owners of the building herein below
described, having its placed of business at 0000 Xxx XX,
Xxxxxxxx, Xxxxxxxxxx xx Xxxxxx, X0X 0X0, herein acting and
represented by Xx. Xxxxxx Xxxxxxx, duly authorized for these
purposes,
(hereinafter referred to as "Lessor")
AND: XXXXXXXX CANADA INC., legal person duly incorporated having
its head office at 800 Place Victoria, Suite 4702, Montreal,
Xxxxxxxxxx xx Xxxxxx, X0X 0X0, and a place of business at 0000
Xxxxxxxxxxxx Xxxx, Xxxxx 0, Xx-Xxxxxxx, Xxxxxxxx xx Xxxxxx,
X0X 0X0, herein acting and represented by Xxxxxx X. Xxxxxxxx,
its President, duly authorized by virtue of a resolution of
its Board of Directors, a certified extract of which is
annexed to these present;
(hereinafter referred to as "Lessee")
WHEREAS the Lessor is acting on behalf of the owners of that certain building
bearing civic address 5205 Metropolitan East, Suite number THREE (3),
St-Xxxxxxx, Province of Quebec ("Building");
WHEREAS in virtue of a lease starting March 1, 1989 ("Lease") the Lessee leased
those certain premises bearing civic address 5205 Metropolitan East, Suite
number THREE (3), St-Xxxxxxx, Province of Quebec, having approximately Two
Hundred and Fifty square feet (250 sq. ft.) ("Leased Premises"), for the period
of THREE (3) years;
WHERAS the Lessee and the Lessor did extend the Lease for a further period of
THREE (3) years by agreement dated February 17, 1992, and for THREE (3) further
periods of ONE (1) year each by agreement dated October 21, 1994, November 21,
1995 and January 29, 1997;
WHEREAS the Lease and the agreements dated February 17, 1992, October 21, 1994,
November 21, 1995 and January 29, 1997, are hereinafter called the Lease;
WHEREAS both the Lessor and the Lessee wish to extend the Lease for a further
term of ONE (1) year under the following terms and conditions:
THEREFORE THE PARTIES AGREE AS FOLLOWS:
1. This Memorandum of Agreement is made upon and subject to the same terms
and conditions as set forth in the Lease including the rental rate which
shall be at THREE HUNDRED AND FIFTEEN DOLLARS ($315.00), plus G.S.T. and
Q.S.T. and any
applicable taxes, gross per month, save and except for Lessee's proportion
of the nonresidential municipal surtax.
2. The term of the Lease which presently expires on the last day of February
1998 shall be extended for an additional period of ONE (1) year from the
first day of March 1998 and shall expire on the last day of February,
1999, unless sooner terminated in the manner set forth in the Lease.
3. The Lessee accepts the Leased Premises in its present state and condition.
4. Except as herein before specifically modified, supplemented and amended,
and as so modified, supplemented and amended, the Lease shall remain in
full force and effect.
5. The Parties have requested that this Memorandum of Agreement be
prepared in the English language. Les parties ont demande que la
presente convention soit redigee en anglais.
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IN WITNESS WHEREOF, THE LESSEE AND THE LESSOR HAVE DULY SIGNED AND EXECUTED
THESE PRESENTS ON THE DATE HEREINABOVE MENTIONED.
METRO II & III (G.P.)
Per: /s/ Xxxxxx Xxxxxxx /s/ Xxxxxx Xxxxxxxx
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Xxxxxx Xxxxxxx Xxxxxx Xxxxxxxx
XXXXXXXX CANADA INC.
Per: /s/ Xxxxxx X. Xxxxxxxx /s/ L. Xxxx Xxxxxx
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Xxxxxx X. Xxxxxxxx L. Xxxx Xxxxxx
CERTIFIED EXTRACT FROM THE SIGNED RESOLUTIONS OF THE BOARD OF DIRECTORS OF
XXXXXXXX CANADA INC.
BE IT RESOLVED,
1. That Xx. Xxxxxx X. Xxxxxxxx, President be and is hereby authorized to sign
the Memorandum if agreement of Lease between the Corporation and Metro II & III
(G.P.) regarding the Leased Premises located at 0000 Xxxxxxxxxxxx Xxxx, Xxxxx 0,
in the City of St-Xxxxxxx, Province of Quebec.
CERTIFIED TRUE COPY OF THE RESOLUTIONS OF THE BOARD OF DIRECTORS OF XXXXXXXX
CANADA INC. DULY ADOPTED AND REMAINING IN FULL FORCE AND EFFECT, UNAMENDED.
Montreal, this 23rd day of September 1997.
/s/ Xxxxxx X. Xxxxxxxx
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Name: Xxxxxx X. Xxxxxxxx
Function: President
Affix the corporate seal
