THIS ASSIGNMENT OF LEASE made for reference the 31st day of August, 2001
BETWEEN
RAH MEDIA VENTURES CORPORATION, a British Columbia company with its registered
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and records office at #000 - 000 Xxxx Xxxxxx, Xxxxxxxxx, Xxxxxxx Xxxxxxxx, X0X
0X0
(hereinafter called "the Assignor")
OF THE FIRST PART
AND
RRUN VENTURES NETWORK INC.with an office situated at 62 West 8th Avenue,
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Xxxxxxxxx, Xxxxxxx Xxxxxxxx X0X 0X0
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(hereinafter called "the Assignee")
OF THE SECOND PART
AND
XXXXX HOLDINGS LTD., a British Columbia company with its registered and records
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office at #000 - 0000 Xxxx Xxxxxxx Xxxxxx, Xxxxxxxxx, Xxxxxxx Xxxxxxxx X0X 0X0
(hereinafter called "the Lessor")
OF THE THIRD PART
WHEREAS:
By an Indenture of Lease dated for reference the 9th day of November, 1999, and
made between Xxxxx Holdings Ltd. as Lessor, and Rah Media Ventures Corporation
as Lessee, the Lessor therein did demise unto the Lessee therein the demised
premises thereinafter described to hold from the 3rd day of December, 1999, for
the term of THREE (3) YEARS and TWENTY-NINE (29) DAYS, subject to the Lessee's
covenants therein contained, at the monthly rental as follows:
The sum of $0 per month from and including December 3, 1999 to and including
December 31, 1999;
The sum of $3,620.63 shall be paid on or before the 1st day of January, 2000 and
a like sum shall be paid on the first day of each and every consecutive month
thereafter, up to and including the 1st day of December, 2000;
The sum of $3,927.47 shall be paid on or before the 1st day of January, 2001 and
a like sum shall be paid on the first day of each and every consecutive month
thereafter, up to and including the 1st day of December, 2001;
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The sum of $4,234.30 shall be paid on or before the 1st day of January, 2002 and
a like sum shall be paid on the first day of each and every consecutive month
thereafter, up to and including the 1st day of December, 2002;
The Assignor has agreed to assign to the Assignee with the consent of the
Lessor, the unexpired portion of the Lease.
NOW THIS INDENTURE WITNESSETH that in consideration of ONE ($1.00) Dollar now
paid by the Assignee to the Assignor (the receipt of which is hereby
acknowledged) the Assignor DOES GRANT and ASSIGN unto the Assignee that portion
of, all and singular that certain parcel or tract of land and premises situate,
lying and being in the
City of Vancouver, PID #000-000-000; Lot 3, Except the South 20
feet now lane, Xxxxx 00 Xxxxxxxx Xxx 000X Plan 197
and known for municipal purpose as 00 Xxxx 0xx Xxxxxx,
Xxxxxxxxx, Xxxxxxx Xxxxxxxx
together with the residue unexpired of the said term, and the said Lease, and
all the benefits and advantages to be derived therefrom:
To hold the same unto the Assignee, henceforth for and during the residue of the
term thereby granted, and for all the other estate, term and interest (if any)
of the Assignor therein, subject to the payment of the rent and the performance
of the Lessee's covenants and agreements in the said Lease reserved and
contained.
The Assignor does hereby covenant and agree with the Assignee
(a) that notwithstanding any act of his, the said Lease is a good, valid and
subsisting lease,
(b) that the rents thereby reserved have been fully paid up to the 31st day
of August , 2001,
(c) that the covenants and conditions contained therein have been duly
performed by the Assignor up to the date hereof,
(d) that the Assignor has good right to assign the said Lease and the lands
and premises in the manner aforesaid,
(e) that subject to the payment of the rent and the performance of the
Lessee's covenants, it shall be lawful for the Assignee, peaceably and quietly,
to hold, occupy and enjoy the said lands and premises hereby assigned during the
residue of the term granted by the said Lease, without any interruption by the
Assignor or any person claiming under him, free from all charges and
encumbrances whatsoever,
(f) that he, the Assignor, and all persons lawful claiming under him, will,
at all times hereafter, at the request of and at the cost of the Assignee,
assign and confirm to the Assignee the said lands and premises for the residue
of the said term as the said Assignee shall reasonably require.
The Assignee does hereby covenant and agree with the Assignor
(a) that it will, from time to time, pay the rent and observe and perform
the Lessee's covenants and conditions in the said Lease reserved and contained,
(b) that it will save harmless the Assignor from all losses and expenses in
respect of the non-observance or non-performance of the said covenants and
conditions or any of them.
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AND IT IS EXPRESSLY AGREED between the parties hereto that all grants,
covenants, provisos and agreements, rights, powers, privileges and liabilities
contained herein shall be read and held as made by and with, granted to and
imposed upon, the respective parties hereto, and their respective heirs,
executors, administrators, successors and assigns the same as if the words
heirs, executors, administrators, successors and assigns had been inscribed in
all proper and necessary places; AND wherever the singular or the masculine is
used herein, the same shall be construed as meaning the plural or feminine or
the body politic or corporate where the context or the parties hereto so
require, and where a party is more than one person, all covenants shall be
deemed to be joint and several.
IN WITNESS WHEREOF the Assignor has hereunto set his hand and seal the day
and year first above written, and where the Assignor is a corporate entity, the
corporate seal was affixed in the presence of its duly authorized officers.
RAH MEDIA VENTURES )
CORPORATION by its authorized )
signatory )
)
/S/ XXX X. XXXXXXX )
________________________________ )
Name: XXX X. XXXXXXX )
)
RRUN VENTURES )
NETWORK INC. by its )
authorized signatory )
)
)
/S/ XXXXX XXXXX )
________________________________ )
Name: XXXXX XXXXX )
)
XXXXX HOLDINGS LTD.,
hereby consent to this Assignment of Lease
/S/ XXXXX XXXXX
________________________________
Name: XXXXX XXXXX
Authorized Signatory for Xxxxx Holdings Ltd.
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