OFFICE RENTAL AGREEMENT
THIS AGREEMENT, entered into this the 1st day of August, 2001, by and between
Joelma Brasil and Labtech Systems Inc. of Mississauga, in the Province of
Ontario, Canada. WHEREAS Labtcch Systems Inc. desire to lease space from Joelma
Brasil and, WHEREAS the parties wish to set down in writing their agreement
regarding the cost associated with such space. NOW THEREFORE, in consideration
of the mutual promises and benefits to be derived by the parties, they do hereby
agree to the following:
1. The parties shall lease space at 0000 Xxxxxxxxx Xxxxx, Xxxxxxxxxxx, Xxxxxxx
X0X-0X0 at a gross rent of CDN$1,500.00 per month, of which the rate is
inclusive of all additional common element expenses such as heat, light,
water, property taxes, and maintenance expenses, and,
2. The space shall consist of approximately 800 square feet which shall
include space which is designated as common area and storage area and,
3. Labtech Systems agree to use the same for the following purpose and no
other: General Offices
4. This agreement shall be effective during the initial lease period signed by
the parties as well as all subsequent extensions and shall bind all heirs,
successors, and assigns. 5. This agreement shall be construed under the
laws of the Province of Ontario.
The parties have set their hands and seals on the day first above written.
/s/ XXXX X. BRASIL
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Labtech Systems Inc.
Xxxx X. Brasil, President
[LEASEE]
/s/ XXXXXX X. BRASIL
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Joelma Brasil
[XXXXXX]
