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Exhibit 10.5
AMENDMENT
OF A
LEASE
Dated: December 5, 1996
BETWEEN: THE MANUFACTURERS LIFE INSURANCE COMPANY
(LANDLORD)
AND
MEDIA SYNERGY INC. (TENANT)
FOR: Approximately 5,584 sq. ft. on the second floor of Building C
the Ontario Design Centre
000 Xxxx Xxxxxx Xxxx,
Save and except for the below changes, the existing lease shall remain in full
force and effect.
1. LEASED PREMISES
The Tenant shall lease an additional gross area of 4,150 square feet on the
ground floor of B Building as outlined on Schedule "B".
2. BASE RENT
The Tenant shall pay to the Landlord yearly by monthly installment base Rent as
per following schedule:
Year 1 - $8.00/sq. ft. = $2,766.67/month or $33,200 per annum
Year 2 - $9.00/sq. ft. = $3,112.50/month or $37,350 per annum
3. TERM
The term on the additional space shall be from November 1, 1999 to November 30,
2001. The tenant shall have access to the space upon execution of this amendment
to complete their leasehold improvements.
4. COMMENCEMENT OF RENT
Rent shall commence on November 1, 1999.
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DATED at Toronto, this 15th day of September 1999.
Signed, Sealed and MEDIA SYNERGY INC.
Delivered in the presence of
per:
/s/ Xxxxxx Xxxxxx /s/ Xxxxxx Xxxxxxx
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Signed, Sealed and The Manufacturers Life Insurance
Delivered in the presence of: Company
per:
/s/ Xxxx Xxxxx /s/ Xxx Meanchoff
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