KABANI HOLDINGS LTD. 240-12TH STREET NEW WESTMINSTER B.C. V3M 4H2 July 21, 2004 This agreement is pertaining, to our month to month lease agreement. The terms and conditions between: Kabani Holdings Ltd.(Landlord) (Nick Kabani) And Alpha Motorsports...Alpha Motorsport, Inc. • October 25th, 2004
The tenant agrees to rent office space and parking compound (fenced). The area is highlighted in the attached diagram. The base rent amount is $1800.00 and 10% utilities per month plus GST and is due on the 1st of each month (In advance). This agreement will be for a minimum of 6 (six) months, beginning October 1, 2004. The tenant will be totally responsible for the maintenance and repair of his area. There will also be an agreed notice of period, of three months for either party to conclude this agreement. The tenant agrees not to conflict with other tenants and the main business purpose is wholesale sales. Retail sales will be limited to advertised cars only.
