Exhibit 10.3(d)
LEASE AGREEMENT
The following are the terms and conditions of the lease between ICS (the
"Tenant") and 1242531 Ontario Ltd. (the "Landlord").
1. Premises The area comprising approximately 6,000 square feet
of rentable area at 0000 XxXxxxxxx Xxxxxx,
Xxxxxxxxxxx, Xxxxxxx, X0X 0X0.
2. Term The term of the lease shall be for three (3) years
commencing on June 1st, 1998 and expiring on May
31st, 2001.
3. Basic Rent Sixty Thousand dollars ($60,000) per annum, payable
monthly in advance in the amount of Five Thousand
($5,000) commencing on the Term Commencement Date.
4. Additional Rent No additional rent is payable as the above amount of
$5,000 includes property taxes, basic insurance,
utilities and the tenant's proportionate share of
operating costs.
5. Condition of The Tenant agrees to accept the premises in their
Leased Premises present "as is" condition.
6. Leasehold The Tenant shall be responsible for all future
Improvements leasehold improvements.
7. Parking Unlimited parking in the common parking lot at 0000
XxXxxxxxx Xxxxxx is included in the rent.
/s/ Declan French /s/ X. Xxxx
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for ICS for 1242541 Ontario Ltd.
May 20, 1998 May 26, 1998
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Date Date
