Exhibit 10(A)
AGREEMENT - AMENDMENT TO LEASE
February 16, 1998
BETWEEN: OLYMBEC CONSTRUCTION INC.
5584 Cote xx Xxxxxx, Suite 000
Xxxx xx Xxxxx Xxxxx, Xxxxxx, X0X 0X0 (the "Lessor")
AND: UNITEL VIDEO CANADA INC.
0000 Xxxxxxxx Xxxxxx
Xxxx xx Xxxxx-Xxxxxxx, Xxxxxx, X0X 0X0 (the "Lessee")
RE: Amendment to the Lease for the premises
measuring approximately 8,000 square feet and located at
0000 Xxxxxxxx Xxxxxx, Xxxxx-Xxxxxxx, Xxxxxx, X0X 0X0 (the
"Premises")
The present Agreement - Amendment to Lease shall form an integral part of the
Lease.
THE PARTIES HEREBY CONFIRM THE FOLLOWING:
WHEREAS in virtue of a lease signed in June 1997 (the "Lease"), the Lessor
leased to the Lessee the Premises for a term of five (5) years and one (1)
month, commencing June 1, 1997 and terminating June 30, 2002, the whole, at
terms and conditions more fully described in the Lease.
WHEREAS in virtue of Lessee's December 15, 1997 letter to the Lessor (the
"Letter"), the Lessee requested certain amendments to the Lease, the whole, as
more fully described in the Letter.
WHEREAS as a result of the Letter, the Lessor agrees to make certain amendments
to the Lease, the whole, as more fully described hereinafter.
IN WITNESS WHEREOF, THE PARTIES MUTUALLY AGREE TO THE FOLLOWING AMENDMENTS TO
THE LEASE:
1. Name of Lessee, Unitel Video Canada Inc.
The name of the Lessee, "Unitel", shall be amended as follows: "Unitel Video
Canada Inc."
2. Default, Article 18(c) of the Lease
The following section of Article 18(c) shall be deleted from the Lease:
"....or should the Lessee or any other person at any time during the term of
this Lease remove or try to remove from the Premises, without the written
consent of the Lessor, any of the moveable property of the Lessee, except during
the ordinary course of its activities or when replacement or renovation work is
being done..."
3. Lessor's Legal Hypothec, Article 36 of the Lease
Article 36 shall be deleted from the Lease.
4. Security Deposit, Article 41.1 of the Lease
Article 41,1 of the Lease reads as follows:
"The Lessor and Lessee acknowledge that the Lessee has deposited and honored a
cheque payable to Royal Lepage Commercial Inc. "in trust" in the sum of
$9,496.23, including G.S.T. and P.S.T., which said cheque amount shall be
applied towards the minimum rental, surtax and taxes to become due for the first
and last months of the Term."
The following paragraph shall be added to Article 41.1 of the Lease:
"As a result of the amendments to the Lease contained herein, Lessee shall
provide Lessor with an additional sum of $9,585.42, including G.S.T. and P.S.T.,
which said sum shall be included in the Security Deposit. The sum of $9,585.42,
including G.S.T. and P.S.T., is payable immediately. The total amount of the
Security Deposit, namely $19,081.65, including G.S.T. and P.S.T., shall be
applied towards the minimum rental, surtax and taxes to become due for the first
and last three months of the Term."
The parties acknowledge having expressly required that this agreement and all
writings relating thereto be drawn up in English. Les parties declarent avoir
expressement requis que cette entente et tous les documents s'y rapportant
soient rediges en anglais.
IN WITNESS WHEREOF WE HAVE SIGNED THIS ___ DAY OF ________, 199____.
OLYMBEC CONSTRUCTION INC.
PER:
/s/Xxxxxxx Xxxxx
--------------------------------- ---------------------------------------
Witness LESSOR: Xxxxxxx Xxxxx
UNITEL VIDEO CANADA INC.
PER:
/s/ Xxxxx Xxxxx
--------------------------------- ---------------------------------------
Witness LESSEE: Xxxxx Xxxxx
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