COMMERCIAL lease澳大利亚英文商业租赁合同

LEASE

(COMMERCIAL)

madethe4thdayofJanuary,20XX

BETWEEN:

XXXXX

HXXXX

-and-

XXXXXXXXC.,carryingonbusinessas

XXXXXXill

XXXXXXXXXant”

-and

JXXXNG

XXtercalledthe“XXXX”

INCONSIDERATIONoftherents,covenantsandobligationsstipulatedhereintheLandlordandtheTenanthaveagreedtoenterintoaLeaseofthePremisesknownmunicipallyasXXXXe,XXXo,XXXXo,

(the”Premises”)

GRANTOFLEASE

TheLandlordleasesthePremisestotheTenant:

attheRentsetforthinSection2;

fortheTermsetforthinSection3;and

(c)subjecttotheconditionsandinaccordancewiththecovenants,obligationsandagreementsherein.

TheLandlordcovenantsthathehastherighttogranttheleaseholdinterestinthePremisesfreefromencumbrancesexceptasdisclosedontitle.

RENTandADDITIONALRENT

(1)RentmeanstheamountspayablebytheTenanttotheLandlordpursuanttothisSectionandincludesAdditionalRent.

(2)TheTenantcovenantstopaytotheLandlordduringtheTermofthisLeaserentasfollows:

duringtheTerm,themonthlyrentalshallbeasfollows,plusHST,payableinadvanceontheIstdayofeachandeverymonth,commencingonthefirstdayofMarch,20XXandendingFebruary28,2022.

＄5,40.00plusHST-March1,20XXtoFebruary28,2017

＄5,50.00plusHST一March1,2017toFebruary28,2018

＄5,50.00plusHST-March1,2018toFebruary28,2019

＄5,70.00plusHST—March1,2019toFebruary29,2020

＄5,80.00plusHST-March1,2020toFebruary28,2021

＄5,900.00plusHST-March1,2021toFebruary28,2022

TheTenantacknowledgesandagreesthatitisintendedthatthisLeasebeacompletelycarefreenetnetLeasetotheLandlord,thattheLandlordnotberesponsibleduringtheTermforanycosts,charges,expensesandoutlaysofanynaturewhatsoeverinrespectoftheLands,Buildingorimprovementsthereon,orthecontentsthereof,oranyexpenseforrepairsasspecificallyreferredtoherein.Notwithstandingthegeneralityoftheforegoing,theTenantcovenantsandagreeswiththeLandlordasfollows:

(b)Rent:TopayRent.

(c)Tenant’sTaxes:TheTenantshallpaytotheLandlordortothetaxingauthorizes,astheLandlorddirectswithinthetimesprovidedforbythetaxingauthoritiesallRealtyTaxesleviedagainstthePremises,whichtaxesareincludedintheRentspecifiedinSection4.

IftheTenantelectstohavethePremisesassessedforseparateschooltaxes,theTenantshallpaytheamountbywhichtheseparateschooltaxesexceedtheRealtyTaxeswhichwouldhavebeenpayablebythelandlordhadsuchelectionnotbeenmade.

(d)BusinessTaxes:Topay,whenthesamebecomedue,andtosavetheLandlordharmlesswithrespectthereto,allbusinesstaxesfromtimetotimeleviedagainst,orpayablebytheTenantinrespectoftheTenant’soccupancyofthePremises.

(e)HarmonizesSalesTax:TheTenantshallpaytotheLandlord,atthesametimeortimesastheTenantshallmakepaymentofRent,allHarmonizedSalesTaxexigiblewithrespecttosuchRentpursuanttotheExciseTaxAct(Canada)andanyothersimilargoodsandservicestax,valueaddedtaxormulti-stagedtaxwhetherimposedbythefederalgovernmentorotherwise,includinganyfutureharmonizedsalestaxorsinglesalestax(collectivelyreferredtohereinas"HST")

(f)IndemnificationofLandlord;ToindemnifyandkeepindemnifiedtheLandlordinrespectofalllosses,costs,charges,penaltiesandexpensesoccasionedby,orarisingfrom,thenon-paymentofanyandeverytax,rate,assessment,charge,expenseorfee,includinganybusinessorsimilartaxassessedagainsttheTenantoranysub-tenantorlicenseeorotherpersonsoccupyingthePremisesoranypartthereofandprovidedthatthesameshallbeachargeonthePremisesorinanywaytheultimateresponsibilityoftheLandlord,unlessthesameshallhavealreadybeenpaidbytheTenanttotheLandlord,andprovidedthatthesameshallnotbeofakindpersonaltotheLandlord,suchastaxesontheIncomeoftheLandlord.

(g) PaymentofUtilities:IneachandeveryyearduringtheTermtopay,satisfyanddischarge,directlyorindirectly,allchargesinconnectionwithwater,electricalcurrent,gas,rentalchargesforgasorelectricallyoperatedhotwaterheatersandotherpublicorprivateutilitiesorservicesextraordinaryaswellasordinary,suppliedatanytimetothe\premises.TheLandlordmayatitsoptionhaveinstalledinthePremisesseparatemetersforanyoneormoreofsuchservicesandinsucheventmayrequiretheTenanttopaydirectlyt0血servicesuppliersuchcharges.TheTenantshallreimbursetheLandlordforthecostofsuchmetersforthwithupondemand.WatershallbeusedonlyforwashroompurposesandnotforanypurposeconnectedwiththeTenant'sbusinessunlessotherwiseexpresslypermittedherein,TheLandlordherebyconfirmsthatthehydrometershavebeeninstalledandthatthepremisesareseparatelymetered.Thepartiesheretoconfirmthatgaschargesarenotseparatelymeteredforthepremises.TheTenantshall,inadditiontoallothercharges,payone-halfofthegaschargesapplicabletotheentireproperty.

(h)Landlord’sInsurance-TheTenantshallpaytotheLandlord,thecostoftheLandlord’sinsurancepremium.NotwithstandinganycontributionbytheTenanttothecostoftheinsurancepremiumsprovidedhereintheTenantacknowledgesandagreesthat.

TheTenantisnotrelievedofanyliabilityarisingfromoreontribatedtobyitsnegligenceorthewillfulactoromissions;

NoinsurableinterestisconferredupontheTenantunderanypoliciesofinsurancecarriedbytheLandlord,

TheTenanthasnorighttoreceiveanyproceedsofanysuchinsurancepoliciescarriedbytheLandlord.

(3)AllpaymentstobemadebytheTenantpursuanttothisleaseshallbedeliveredtotheLandlordattheLandlord'saddressforservicesetoutinSection15ortosuchotherplaceastheLandlordmayfromtimetotimedirectinwriting.

(4)TheTenantagreestopayinadvancetotheLandlordatthecommencementoftheTermthefirstandlastmonths,RentpayableunderSection2(2)ofthisLease.

AllRentinarrearsandallsumspaidbythelandlordforexpensesincurredwhichshouldhavebeenpaidbytheTenantshallbearinterestfromthedatepaymentwasdue,ormade,orexpenseincurred,atarateperannumequaltotheprimecommerciallendingrateoftheLandlord'sbankplustwo⑵percent.

TheTenantacknowledgesandagreesthatthepaymentsofRentprovidedforinthisLeaseshallbema?ewithoutanydeductionsforanyreasonwhatsoeverunlessexpresslyallowedbythetermsofthisLeaseoragreedtobytheLandlordinwriting;and

(a)nopartialpaymentbythetenantwhichisacceptedbytheLandlordshallbeconsideredasotherthanapartialpaymentonaccountofRentowingandshallnotprejudicetheLandlord'srighttorecoveranyrentowing.

3.TERMANDPOSSESSION

TheTenantshallhavepossessionofthePremisescommencingonthe1stdayofMarch,20XXandendingonFXXXXXX,20XX.(The“Term').

SubjecttotheLandlord'srightsunderthisLease,andaslongastheLeaseiningoodstandingtheLandlordcovenantsthattheTenantshallhavequietenjoymentofthePremisesduringtheTermofthisLeasewithoutanyinterruptionordisturbancefromtheLandlordoranyotherpersonorpersonslawfullyclaimingthroughtheLandlord.

IftheTenantfailstotakepossessionofthePremisesortoopenforbusinessonorbeforethedatespecifiedforcommencementoftheTermofthisLease,theLandlordshall,inadditiontoanyotherremedies,havetherighttoterminatethisLeaseupon24hourswrittennoticetotheTenant,andtorecoverfromtheTenantthecostofallworkdonebytheLandlordonbehalfoftheTenant.

IfforreasonsbeyondtheLandlord'scontrol,vacantpossessionofthePremisescannotbegiventotheTenantonthecommencementdateoftheTermoftheLease,theLeaseshallremainineffectbuttheTenantshallnotberequiredtopayRentuntilthedatewhenpossessionisactuallygivertotheTenant;

butifpossessionisnotgivenwithinninety(90)cleardaysfromthecommencementdateofthisLeaseeitherpartymayterminatethisLeasebywrittennoticetotheother;

andanydelayintheactualoccupationbytheTenantofthePremisesshallnotextendtheTermoftheLease.

3.A.RENEWALOPTION

ProvidedthattheTenantisnotthenindefault,hasnotduringthetermofthisleasebeenindefaultofanycovenant,agreementorprovision*****,theTenantshallhavetheoptiontorenewthisLeaseforanadditionaltermoffive(5)years,onwrittennoticedeliveredbytheTenanttotheLandlordatleastsix⑹monthsandnotmorethantwelve(12)monthspriortotheexpirationoftheTermherein,onthesametermsandconditionsascontainedherein,saveandexceptthatthereshallbenofurtherrightofrenewalandsaveandexceptastotheRentwhichshallbeequaltothethenfairmarketrentalforthePremisesasagreeduponbythepanicsherewactingreasonably,butinnoeventlessthantheannualRentpaidduringthelastyearoftheTermherein.Ifthepartiesareunabletoagreeupon,theRentforsuchrenewalperiod,thensuchrentshallbedeterminedbyarbitrationpursuanttotheArbitrationsActofOntario.ThecostofsaidarbitrationshallbeborneequallybetweentheLandlordandTenant.UntilthedeterminationoftheRentismadeasaforesaid,theTenantshallcontinuetopaytotheLandlordtheRempaidduringthelastyearofthepreviousterm,whichrentshallbeadjusted,ifnecessary,betweentheLandlordandTenantimmediatelyafterthesaiddetermination.

ASSIGNMENT

TheTenantshallnotassignthisLeaseorsubletthewholeoranypartofthePremisesunlesshefirstobtainstheconsentoftheLandlordinwriting,whichconsentshallnotreasonablybewithheld:

andtheTenantherebywaiveshisrighttothebenefitofanypresentorfutureActoftheLegislatureofOntariowhichwouldallowtheTenanttoassignthisLeaseorsubletthepremiseswithouttheLandlord'sconsent.

IftheTenantisacorporationandtherehasbeenachangeofcontrolinthecorporation,theGuarantorshallnotbereleasedfromanyliabilityherein.

TheconsentoftheLandlordtoanyassignmentorsublettingshallnotoperateasawaiverofthenecessityforconsenttoanysubsequentassignmentorsubletting.

AnyconsentgrantedbytheLandlordshallbeconditionalupontheassignee,sublesseeoroccupantexecutingawrittenagreementdirectlywiththeLandlordagreeingtobeboundbyallthetermsofthisLeaseasiftheassignee,sublesseeoroccupanthadoriginallyexecutedthisLeaseasTenant.

AnyconsentgivenbytheLandlordtoanyassignmentorotherdispositionoftheTenant'sinteresttrelievetheTenantfromhisobligationsunderthisLease,includingtheobligationtopayRentandAdditionalRentasprovidedforherein

IfthepartyoriginallyenteringintothisLeaseasTenant,oranypartywhosubsequentlybecomestheTenantbywayofassignmentorsubleaseorotherwiseasprovidedforinthisLease,isacorporationthen:

theTenantshallnotbeentitledtodealwithitsauthorizedorissuedcapitalorthatofanaffiliatedcompanyinanywaythatresultsinachangeintheeffectivevotingcontroloftheTenantunlesstheLandlordfirstconsentsinwritingtotheproposedchange;

ifanychangeismadeinthecontroloftheTenantcorporationwithoutthewrittenconsentoftheLandlordthentheLandlordshallbeentitledtotreattheTenantasbeingindefaultandtoexercisetheremediesstipulatedinparagraph10(2)ofthisLeaseandanyotherremediesavailableinlaw;

theTenantagreestomakeavailabletotheLandlordorhisauthorizedrepresentativesthecorporatebooksandrecordsoftheTenantforinspectionatreasonabletimes.

USE

(1)DuringtheTermofthisLeasethePremisesshallnotbeusedforanypurposeotherthan

SXXXXXll

withouttheexpressconsentoftheLandlordgiveninwriting.

(2)TheTenantshallnotdoofpermittobedoneatthePremisesanythingwhichmay:

(a)constituteanuisance;

(b)causedamagetothePremises;

(c)causeinjuryorannoyancetooccupantsofneighbouringpremises;

(d)makevoidorvoidableanyinsuranceuponthePremises;

(e)constituteabreachofanyby-law,statute,orderofregulationofanymunicipal,provincialorothercompetentauthorityrelatingtothePremises;

(f)violateanyenvironmentallawsorregulationsincludingmunicipalby-lawsregulatingenvironmentalmatters..

6.REPAIRANDMAINTENANCE

(1)TheTenantcovenantsthatduringthetermofthisLeaseandanyrenewalthereoftheTenantsshallkeepingoodconditionthePremisesincludingallalterationandadditionsmadethereto,andshall,withorwithoutnotice,promptlymakeallneededrepairsandallnecessaryreplacementsaswouldaprudentowner:

buttheTenantshallnotbeliabletoeffectrepairsattributabletoreasonablewearandtear,ortodamagecausedbylightningorstorm.

|(2)TheTenantshallpermittheLandlordorapersonauthorizedbytheLandlordtoenterthePremisestoexaminetheconditionthereofandviewthestateofrepairatreasonabletimes:

(a)andifuponsuchexaminationrepairsarefoundtobenecessary,writtennoticeoftherepairsrequiredshallbegiventotheTenantbyoronbehalfoftheLandlordandtheTenantshallmakethenecessaryrepairswithinthetimespecifiedinthenotice;

andiftheTenantrefusesorneglectstokeepthePremisesingoodrepairtheLandlordmay,butshallnotbeobligedto,makeanynecessaryrepairs,andshallbepermittedtoenterthePremises,byhimselforhisservantsoragents,forthepurposeofeffectingtherepairswithoutbeingliabletotheTenantforanyloss,damageorinconveniencetotheTenantinconnectionwiththeLandlord'sentryandrepairs;

、 (i)andiftheLandlordmakesrepairstheTenantshallpaythecostofthemimmediately

asAdditionalRent.

(3)UpontheexpiryoftheTermorotherdeterminationofthisLeasetheTenantagreespeaceablytosurrenderthePremises,includinganyalterationsoradditionsmadethereto,totheLandlordinastateofgoodrepair,reasonablewearandtearanddamagebyfire,lightingandstormonlyexcepted.

(4)TheTenantshallimmediatelygivewrittennoticetotheLandlordofanysubstantialdamagethatoccurstothePremisesfromanycause.

7.ALTERATIONSANDADDITIONS

(1) IftheTenant,duringtheTermofthisLeaseoranyrenewalofit,desirestomakeanyalterations

oradditionstothePremises,includingbutnotlimitedto:erectingpartitions,attachingequipment,andinstallingnecessaryfurnishingsoradditionalequipmentoftheTenant5sbusiness,theTenantmaydosoathisownexpense,atanytimeandfromtimetotime,ifthefollowingconditionsaremet:

beforeundertakinganyalterationsoradditiontheTenantshallsubmittotheLandlordaplanshowingtheproposedalterationsoradditionsandtheTenantshallnotproceedtomayanyalterationoradditionunlesstheLandlordhasprovetheplan,andtheLandlordshallnotunreasonablyorarbitrarilywithholdhisapproval;

anditemsincludedintheplanwhichareregardedbytheTenantas“TradeFixtures”shallbedesignatedassuchontheplan;

anyandallalterationsoradditionstothePremisesmadebytheTenantmustcomplywithallapplicablebuildingcodestandardsandby-lawsofthemunicipalityinwhichthePremisesarelocated.

TheTenantshallberesponsiblefbrandpaythecostofanyalterations,additions,installationorimprovementthatanygoverningauthority,municipal,provincialorotherwise,mayrequiretobemadein,onortothePremises.

Nosign,advertisementornoticeshallbeinscribed,paintedoraffixedbytheTenant,oranyotherpersonontheTenant’sbehalf；onanypartoftheinsideofoutsideofthebuildinginwhichthePremisesarelocatedunlessthesign,advertisementornoticehasbeenapprovedineveryrespectbytheLandlord.

AllalterationsandadditionstothePremisesmadebyoronbehalfoftheTenant,otherthantheTenant’sTradeFixtures,shallimmediatelybecomethepropertyoftheLandlordwithoutcompensationtotheTenant.

TheTenantagrees,athisownexpenseandbywhatevermeansmaybenecessary,immediatelytoobtainthereleaseordischargeofanyencumbrancesthatmayberegisteredagainsttheLandlord'spropertyinconnectionwithanyadditionsoralterationstothePremisesmadebytheTenantorinconnectionwithanyotheractivityoftheTenant.

IftheTenanthascompliedwithhisobligationsaccordingtotheprovisionsoftheLease,theTenantmayremovehisTradeFixturesattheendoftheTermorotherterminationofthisLeaseandtheTenantcovenantsthathewillmakegoodandrepairorreplaceasnecessaryanydamagedcausedtothePremisesbytheremovaloftheTenant’sTradeFixtures

Otherthanasprovideinparagraph7(6)above,theTenantshallnot,duringtheTermofthisLeaseoranytimethereafterremovefromthePremisesanyTradeFixturesorothergoodsandchattelsoftheTenantexceptinthefollowingcircumstances:

theremovalisintheordinarycourseofbusiness;

theTradeFixturehasbecomeunnecessaryfortheTenant’sbusinessorisbeingreplacedbyaneworsimilarTradeFixture;or

theLandlordhasconsentedinwritingtotheremoval;

butinanycasetheTenantshallmakegoodanydamagecausedtothePremisesbytheinstallationorremovalofanyTradeFixtures,equipment,partitions,furnishingsandanyotherobjectswhatsoeverbroughtontothePremisesbytheTenant.

TheTenantshall,athisownexpense,ifrequestedbytheLandlord,removeanyoralladditionsorimprovementsmadebytheTenanttothePremisesduringtheTermandshallrepairalldamagecausedbytheinstallationortheremovalorboth.

TheTenantshallnotbringontothePremisesoranypartofthePremisesanymachinery,equipmentoranyotherthingthatmightintheopinionoftheLandlord,byreasonofitsweight,sizeoruse,damagethePremisesoroverloadthefloorsofthePremises.

INSURANCE

DuringtheTermofthisLeaseandanyrenewalthereoftheLandlordshallmaintainwithrespecttothePremises,insurancecoverageinsuringagainst:

lossordamagebyfire,lightning,stormandotherperilsthatmaycausedamagetothePremisesorthepropertyoftheLandlordinwhichthePremisesarelocatedasarecommonlyprovidedforasextendedperilscoverageorasmaybereasonablyrequiredandobtainedbytheLandlord;

andtheinsurancepolicyshallprovidecoverageonareplacementcostbasisinanamountsufficienttocoverthecostofallsignsandleaseholdimprovements;

liabilityforbodilyinjuryordeathorpropertydamagesustainedbythirdpartiesuptosuchlimitsastheLandlordinhissolediscretiondeemsadvisable;

rentalincomeprotectioninsurancewithrespecttofireandotherperilstotheextent

ofoneyear'sRentpayableunderthisLease;

butsuchinsuranceandpaymentoftheproceedsthereoftotheLandlordshallnotrelievetheTenantofitsobligationstocontinuetopayrentduringanyperiodofrebuilding,replacement,repairingorrestorationofthePremisesexceptasprovideinSection9.

TheTenantcovenantstokeeptheLandlordindemnifiedagainstallclaimsanddemandswhatsoeverbyanyperson,whetherinrespecttodamagetopersonorproperty,arisingoutoforoccasionedbythemaintenance,useoroccupancyofthePremisesorthesublettingorassignmentofsameoranypartthereof.AndtheTenantfurthercovenantstoindemnifytheLandlordwithrespecttoanyencumbranceonordamagetothePremisesoccasionedbyorarisingfromtheact,default,ornegligenceoftheTenant,itsofficers,agents,servants,employees,contractors,customers,inviteesorlicensees:

andtheTenantagreesthattheforegoingindemnityshallsurvivetheterminationoftheLeasenotwithstandinganyprovisionsofthisLeasetothecontrary.

TheTenantshallcarryinsuranceinhisownnametoprovidecoveragewithrespecttotheriskofbusinessinterruptiontoanextentsufficienttoallowthetenanttomeethisongoingobligationstotheLandlordandtoprotecttheTenantagainlossofrevenues.

TheTenantshallcarryinsuranceinhisownnameinsuringagainsttheriskofdamagetotheTenant'spropertywithinthePremisescausedbyfireorotherperilsandthepolicyshallprovideforcoverageonareplacementcostbasistoprotecttheTenant’sstock-in-trade,equipment,TradeFixtures,decorationsandimprovements.

TheTenantshallcarrypublicliabilityandpropertydamageinsuranceinwhichpolicytheLandlordshallbenamedinsuredandthepolicyshallincludeacross-liabilityendorsement;

(a)andtheTenantshallprovidetheLandlordwithcopyofthepolicy.

9.DAMAGETOTHEPREMISES

IfthePremisesorthebuildinginwhichthePremisesarelocated,aredamagedordestroyed,inwholeorinpart,byfireorotherperil,thenthefollowingprovisionsshallapply:

ifthedamageordestructionsrendersthePremisesunfitforoccupancyandimpossibletorepairorrebuildusingreasonablediligencewithin120cleardaysfromthehappeningofsuchdamageordestruction,thentheTermherebygrantedshallceasefromthedatethedamageordestructionoccurred,andtheTenantshallimmediatelysurrendertheremainderoftheTermandgivepossessionofthePremisestotheLandlord,andtheRentfromthetimeofthesurrendershallabate.

IfthePremisescanwithreasonablediligenceberepairedandrenderedfitforoccupancywithin120daysfromthehappeningofthedamageordestruction,butthedamagerendersthePremiseswhollyunfitforoccupancy,thentherentherebyreservedshallnotaccrueafterthedaythatsuchdamageoccurred,orwhiletheprocessofrepairisgoingon,andtheLandlordshallrepairthePremiseswithallreasonablespeed,andtheTenant'sobligationtopayRentshallresumeimmediatelyafterthenecessaryrepairshavebeencompleted.

AnyquestionastothedegreeofdamageordestructionortheperiodoftimerequiredtorepairorrebuildshallbedeterminedbyanarchitectretainedbytheLandlord.

Apartfromtheprovisionsofsection9(1)thereshallbenoabatementfromorreductionoftheRentpayablebytheTenant,norshallthetenantbeentitledtoclaimagainsttheLandlordforanydamages,generalorspecial,causedbyfire,water,sprinklersystems,partialortemporaryfailureorstoppageofservicesorutilitieswhichthelandlordisobligedtoprovideaccordingtothisLease,fromanycausewhatsoever.

ACTOFDEFAULTANDLANDLORD'SREMEDIES.

AnactofDefaulthasoccurredwhen:

(a)theTenanthasfailedtopayRentforaperiodof15consecutivedays,regardlessofwhetherdemandforpaymenthasbeenmadeornot;

(b)theTenanthasbreachedhiscovenantsorfailedtoperformanyofhisobligationsunderthisLease;and

(i)theLandlordhasgivennoticespecifyingthenatureofthedefaultandthestepsrequiredtocorrectit;and

theTenanthasfailedtocorrectthedefaultasrequiredbythenotice;

theTenanthas:

(i)becomebankruptorinsolventormadeanassignmentforthebenefitofCreditors;

(ii)haditspropertyseizedorattachedinsatisfactionofajudgment;

hadareceiverappointedforitsbusiness;

committedanyactorneglectedtodoanythingwiththeresultthataConstructionLienorotherencumbranceisregisteredagainsttheLandlord'sproperty;

withouttheconsentoftheLandlord,madeorenteredintoanagreementtomakeasaleofitsassetstowhichtheBulkSalesactapplies;

takenactioniftheTenantisacorporation,withaviewtowindingup,dissolutionorliquidation;

anyinsurancepolicyiscancelledornotrenewedbyreasonoftheuseoroccupationofthePremises,orbyreasonofnon-paymentofpremiums;

thePremises:

becomevacantorremainunoccupiedforaperiodof32consecutivedays;or

arenotopenforbusinessonmorethanthirty(30)businessdaysinanytwelve(12)monthperiodoronanytwelve(12)consecutivebusinessdays;

areusedbyanyotherpersonorpersons,orforanyotherpurposethanasprovidedforinthisLeasewithoutthewrittenconsentoftheLandlord.

WhenanActofDefaultonthepartoftheTenanthasoccurred.

thecurrentmonth'srenttogetherwiththenextthreemonths'rentshallbecomedueandpayableimmediately;and

theLandlordshallhavetherighttoterminatethisLeaseandtore-enterthePremisesanddealwiththemashemaychoose.

If,becauseanActofDefaulthasoccurred,thelandlordexerciseshisrighttoterminatethisLeaseandreenterthePremisespriortotheendoftheTerm,theTenantshallneverthelessbeliableforpaymentofRentandallotheramountspayablebytheTenantinaccordancewiththeprovisionsofthisLeaseuntiltheLandlordhasre-letthePremisesorotherwisedealtwiththePremisesinsuchmannerthatthecessationofpaymentsbytheTenantwillnotresultinlosstotheLandlord:

(a)andtheTenantagreestobeliabletotheLandlord,untiltheendoftheTermofthisLeseforpaymentofanydifferencebetweentheamountofRentherebyagreedtobepaidfortheTermherebygrantedandtheRentanynewtenantpaystotheLandlord.

TheTenantcovenantsthatnotwithstandinganypresentorfutureActoftheLegislatureoftheProvinceofOntario,thepersonalpropertyoftheTenantduringthetermofthisLeaseshallnotbeexemptfromlevybydistressfbrRentinarrears:

(a)andtheTenantacknowledgesthatitisupontheexpressunderstandingthatthereshouldbenosuchexemptionthatthisLeaseisenteredinto,andbyexecutingthisLease:

theTenantwaivesthebenefitofanysuchlegislativeprovisionswhichmightotherwisebeavailabletotheTenantintheabsenceofthisagreement;and

theTenantagreesthattheLandlordmaypleasethiscovenantasanestoppelagainsttheTenant,ifanactionisbroughttotesttheLandlord'srighttolevydistressagainsttheTenant'sproperty.

If,whenanActofDefaulthasoccurred,theLandlordchoosesnottoterminatetheLeaseandre-enterthePremises,theLandlordshallhavetherighttotakeanyandallnecessarystepstorectifyanyorallActsofDefaultoftheTenantandtochargethecostsofsuchrectificationtotheTenantandtorecoverthecostsasRent.

If,whenanActofDefaulthasoccurred,theLandlordchoosestowaivehisrighttoexercisetheremediesavailabletohimunderthisLeaseo