LEASE AGREEMENT 721: CANADIAN OFFICE LEASE FOR A FULL FLOOR OF A MULTITENANT BUILDING $99.95

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This Canadian lease form is designed for an office tenant leasing a full floor of office space on a net basis by the landlord. The tenant is responsible for its rent under the lease as well as its proportionate share of all other occupancy costs.

In addition to the relatively brief provisions appearing in the body of the lease, the document contains an exhibit with lengthy rules and regulations for the tenant, and a second detailed exhibit, which among other things, defines terms used in the lease, contains provisions relating to additional rent, hydro, heating and cooling, operating expenses, insurance, indemnification, default, renewal options and other matters.

Number of Single Spaced Pages: 30

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LEASE AGREEMENT

This Lease is made ______________________ in pursuance of the Short Forms of Leases Act, and is by and between Commercial Property Landlord, Inc., hereinafter called the "Lessor", of the first part, and Agreeable Tenant, Inc., hereinafter called the "Lessee", of the second part.

1. PREMISES. In consideration of the rents, covenants and agreements hereinafter reserved and contained on the part of the said Lessee, to be paid, observed and performed, the said Lessor has demised and leased and by these presents both demise and lease unto the said Lessee ALL THOSE CERTAIN PREMISES excluding any part of the external walls known and described as the ________________ floors of the building known municipally as ______________ (the "Building"), _____________, consisting of approximately _______________ (______) square feet of Full Floor Leaseable (or "Gross Rentable") Floor Area which includes a proportionate share of the Common Area to of the Floor, and is hereinafter referred to as the "Demised Premises, Leased Premises or the Premises". All rent, operating costs, escalations, hydro, taxes and other costs shall be calculated using the Full Floor Leaseable Area.

2. TERM. Lessee shall have and hold the Leased Premises for and during the term hereinafter called the "Term", of ______ (___) Years, ________ Months to be computed from ____________ and from thenceforth ensuing and to be fully completed and ended on ______________

3. RENTAL. The Lessee covenants and agrees to pay the Lessor Minimum rental as follows:

During the Term from ______________ through to ______________ Minimum Rent shall be payable at an amount of __________________ Dollars ($_____________) per annum based on a rate of ___________ Dollars ($_________) per square foot payable in equal monthly installments of _________________ Dollars ($_________) in advance on or before the first day of each and every month during the said term.

4. BUSINESS TAXES. Lessee shall pay all business taxes in respect of the business carried on by the Lessee in and upon or by reason of their occupancy of the premises hereby demised:

5. REPAIRS. Lessee shall repair the premises (reasonable wear and tear, and damage by fire, lightning and tempest only excepted) subject to Schedule "B." Lessor may enter and view state of repair. Lessee will repair according to notice in writing (reasonable wear and tear and damage by fire, lightning and tempest excepted); subject to Schedule "B" Lessee shall leave the premises in good repair (reasonable wear and tear and damage by fire, lightning and tempest only excepted); subject to Schedule "B"

6. ASSIGNMENT shall be subject to Schedule "B". Lessee shall will not assign or sub-let the whole or any part of the demised premises without leave; the Lessee hereby waives and renounces the benefit of any present or future act of the Legislature of _____________ which would allow the Lessee to assign or sub-let this lease, without leave of the Lessor. Lessee covenants with the said Lessor, and for the benefit of its successors and assigns:

7. TYPE OF BUSINESS. Lessee agrees that the said demised premises will not, during the said term, be at any time used for any other purpose than that of a general office.

8. FIXTURES. Lessee agrees that no fixtures, goods or chattels of any kind will, except in the ordinary course of business, be removed from the demised premises during the term hereby demised or at any time thereafter without the written consent of the Lessor, its successors or assigns, being first had and obtained, until all rent in arrears as well as all rent to become due during the remainder of the term hereby granted shall have been fully paid, or the payment thereof secured to the satisfaction of the Lessor or its assigns.

(continued)

End of Excerpt

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