THIS INDENTURE MADE THE 14TH DAY OF NOVEMBER 1996
IN PURSUANCE OF THE SHORT FORM OF LEASES ACT
SPANTER DEVELOPMENTS INC.
a corporation incorporated under the laws of Canada
hereinafter called the "Lessor"
OF THE FIRST PART
- and -
MIAD SYSTEMS LTD.
a corporation incorporated under the laws of the Province of Ontario
hereinafter called the "Lessee"
OF THE SECOND PART
WITNESSETH that in consideration of the rents, covenants and agreements hereinafter reserved and contained
on the part of the Lessee to be respectively paid, observed and performed, the Lessor hath demised and leased
and by these presents doth demise and lease unto the Lessee Unit 7 containing an area of 5,295.10 square feet
more or less as outlined in red on Schedule "A" hereto annexed (hereinafter referred to as the "Premises") in a
multiple occupancy industrial building municipally known as No. 43 Riviera Drive constructed on Part of Block 4,
Registered Plan 65M-2l35 and Part of Lot 5, Concession 4, in the Town of Markham, in the Regional
Municipality of York designated as Parts 3, 5, 7, 10 and 11 on Reference Plan 65R-8848 and Part 10 on
Reference Plan 65R-5592 and Parts 12 and 32 on Reference Plan 65R-5567 (hereinafter referred to as the
"Lands"), together with all necessary ingress and egress therefrom.
TO HAVE AND TO HOLD the Premises for and during the term of two (2) years computed from the 1st day
of December 1996 and ending on the 30th day of November 1998 (hereinafter referred to as the "Term").
YIELDING AND PAYING THEREFOR unto the Lessor at such place or places in the Country of Canada as
the Lessor shall designate from time to time in writing:
$2.00 per square foot per annum subject to readjustment, if necessary.
The Lessor acknowledges receipt by its agent of cheque from the Lessee in the amount of FIVE THOUSAND
SEVEN HUNDRED FOURTEEN DOLLARS AND THIRTEEN CENTS ($5,714.13) as a deposit to be
applied as follows:
(a) During the first twelve m