EXHIBIT 10.1
Lease Renewal
SPANTER DEVELOPMENTS INC.
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0000 Xxxx, Xxxxx 0000, Xxxxxxxx, Xxxxxx, X0X 0X0
TEL: (000) 000-0000 FAX: (000) 000-0000
September 8th, 2000
MIAD SYSTEMS LTD.
Att: Mr. Xxxxxxx Xxxxx
00 Xxxxxxx Xxxxx, Xxxx 0
Xxxxxxx, Xxx., X0X 0X0
Re: Lease Renewal
00 Xxxxxxx Xxxxx, Xxxx #0, Xxxxxxx, Xxxxxxx
Dear Xx. Xxxxx:
Further to our discussions, we hereby offer to amend the Lease dated November
14th, 1996 and Lease Renewal dated October 12th, 1999 between Spanter
Developments Inc. and Miad Systems Ltd. in accordance with the terms and
conditions set forth below:
1. Term
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The term of the Lease shall be amended to be one (1) year commencing on
the first (1st) day of December, 2000 and ending on the thirtieth
(30th) day of November, 2001.
2. Net Rent
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The Net Rent during the Term of the Lease shall be amended as follows:
From December 1st, 2000 to November 30th, 2001 - Net rent of
$5.50/square foot.
3. All other terms and conditions remain the same as per Lease date
November 14th, 1996.
We trust the above meets with your approval and would appreciate you signifying
your acceptance by signing and returning a copy of this letter prior to
September 15th, 2000, 5:00pm, after which time this Offer to Amend the Lease
shall become null and void.
If you have any questions, please do not hesitate to contact us.
Yours very truly,
SPANTER DEVELOPMENTS INC.
/s/ Xxxxxx Xxxxxxx
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Xxxxxx Xxxxxxx
APPROVED AND ACCEPTED, this 27th day of September, 2000
per: /s/ Xxxxxxx Xxxxx
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MIAD SYSTEMS LTD.
