ex10-6.htm



Exhibit 10.6


 


BENCHMARK


Group of Companies







01/21/2016


LEASE MODIFICATION









WHEREAS by a Lease Agreement dated July 23. 2009 and Lease Modification dated June 7, 2012, and January 17, 2014, (hereinafter referred to as "the Lease”:), between DSG TAG SYSTEMS INC. as Tenant and BENCHMARK ESTATE (2009) LTD., as Landlord, the Tenant did lease the following Premises for a three (3) year term:




 




5455 - 152nd Street. Unit 214 


Surrey, British Columbia 


Parcel Identifier: 027-565-726


Lot A, Section 3, Township 2 and of District Lot 167 


Group 2 Plan BCP37163


New Westminster District


 (Hereinafter called the "Premises")



 


All of which is described in the Lease;









AND WHEREAS it has been agreed between the parties that the Lease be amended as hereinafter provided.


 


AND WHEREAS it has been agreed between the parties that the Lease is extended by an additional three (3) months at Minimum Rent rates as outlined as hereinafter provided.


 


NOW THEREFORE THIS INDENTURE WITNESSETH that in consideration of the premises and of the sum of ONE ($1.00) Dollar now paid by the Tenant to the Landlord (the receipt whereof is hereby acknowledged), the parties agreed to modify the Lease as follows:


 


Add to Clause 1.1 (f) of the Lease Agreement dated July 23, 2009 and Lease Modification dated June 7. 2012, January 17. 2014, the enclosed Clause 1.1(f) dated January 25, 2016.


 


Add to Clause 1.1 (g) of the Lease Agreement dated July 23. 2009 and Lease Modification dated June 7. 2012a January 17, 2014, the enclosed Clause 1.1 (g) dated January 25. 2016.


 


Add to Clause 1.1 (h) of the Lease Agreement dated July 23. 2009 and Lease Modification dated June 7. 2012, January 17. 2014, the enclosed Clause 1.1 (h) dated January 25. 2016.


 


IT IS FURTHER AGREED between the parties that this Lease Amendment Agreement shall be effective as of the date of execution of this agreement by both parties.


 




  





  











  








IT IS FURTHER AGREED between the parties hereto that this Agreement shall from the date hereof, be read and construed along with the said Lease and any other Lease Amendment Agreement(s) prior to the date hereof and treated as a part thereof for such purposes and so far as may be necessary to effectuate these presents and the said Lease is so amended together with all covenants, agreements and provisions therein contained and shall remain in full force and effect. In as far as this Lease Amendment Agreement is in conflict with any prior Lease Amendment Agreement, this agreement shall supersede the same.


 


THIS INDENTURE shall enure to the benefit of and be binding upon the parties hereto and their respective heirs, executors, administrators, successors and assigns.


 


WHENEVER the singular or masculine is used throughout this Indenture, the same shall be construed as meaning the plural or the feminine or body corporate or politic, as the context or parties so requires.


 


IN WITNESS WHEREOF the parties hereto have hereunto set their respective hands this 1st day of February.







BY THE LANDLORD:


BENCHMARK ESTATE (2009)












/s/ Director of Operations            


Benchmark Director of Operations












BY THE TENANT:


DSG TAG SYSTEMS INC.


 







/s/ Robert Silzer                 


Robert Silzer







 


EOE


Attached: amended clauses of Lease Agreement.






  





  











  













DSG Tag Systems Inc.


5455 - 152nd Street, Unit 214, Surrey, BC








	
1.1 (f) Extended Term:

	  	
three (3) months, subject to the Tenant negotiating a Lease with the Landlord for this or another space in the building prior to March 3 l, 2016. If no agreement has been signed, the Landlord reserves the right to terminate the Lease on March 31, 2016.


	  	  	  
	
1.1 (g)  Commencement Date of Extended Term:

	  	
The Term will commence on February 1, 2016 and end on April 30, 2016.


	  	  	  
	
1.1 (h) Minimum Rent for Extended Term:

	  	  
	  	  	  





 



	


Year of the Term



	 	

Per Sq. Ft.

	 	
Per Annum

	 	
Per Month


	

2nd Floor Office - 2597 sq. ft.

	 	 	 	  	 	  
	

From February 1, 2016 to and

	 	 	 	  	 	  
	
including April 30, 2016

	 	

$25.50

	 	
$66,223.56

	 	
$5,5 18.63
















  





  











  








BENCHMARK


Group of Companies







 


4/4/2016







LEASE MODIFICATION







WHEREAS by a Lease Agreement dated July 23, 2009 and Lease Modification dated June 7. 2012, January 17. 2014, and January 21, 2016 (hereinafter referred to as "the Lease”:), between DSG TAG SYSTEMS INC. as Tenant and BENCHMARK ESTATE (2009), as Landlord, the Tenant did lease the following Premises for a three (3) year term:


 



5455 - 152nd Street. Unit 214 


Surrey, British Columbia 


Parcel Identifier: 027-565-726



Lot A, Section 3, Township 2 and of District Lot 167 Group 2


Plan BCP37163



New Westminster District


(Hereinafter called the "Premises")






 










All of which is described in the Lease;


 


AND WHEREAS it has been agreed between the parties that the Lease be amended as hereinafter provided.


 


AND WHEREAS it has been agreed between the parties that the Lease is extended by an additional two (2) months at Minimum Rent rates as outlined as hereinafter provided.


 


NOW THEREFORE THIS INDENTURE WITNESSETH that in consideration of the premises and of the sum of ONE ($1.00) Dollar now paid by the Tenant to the Landlord (the receipt whereof is hereby acknowledged), the parties agreed to modify the Lease as follows:


 


Add to Clause 1.1(ft of the Lease Agreement dated July 23. 2009 and Lease Modification dated June 7. 2012, January 17, 2014, January 21, 2016, the enclosed Clause 1.1(f) dated April 4. 2016.


 


Add to Clause 1.ltd) of the Lease Agreement dated July 23, 2009 and Lease Modification dated June 7, 2012. January 17, 2014, January 21, 2016, the enclosed Clause 1.1(q=) dated April 4,  2016.


 



	
  

	
Add to Clause 1.1(h) of the Lease Agreement dated July 23, 2009 and Lease Modification dated June 7. 2012, January 17, 2014, January 21. 2016, the enclosed Clause 1.1(h) dated April 4, 2016.












IT IS FURTHER AGREED between the parties that this Lease Amendment Agreement shall be effective as of the date of execution of this agreement by both parties.


 




  





  











  








IT IS FURTHER AGREED between the parties hereto that this Agreement shall from the date hereof, be read and construed along with the said Lease and any other Lease Amendment Agreement(s) prior to the date hereof and treated as a part thereof for such purposes and so far as may be necessary to effectuate these presents and the said Lease is so amended together with all covenants, agreements and provisions therein contained and shall remain in full force and effect. In as far as this Lease Amendment Agreement is in conflict with any prior Lease Amendment Agreement, this agreement shall supersede the same.


 


THIS INDENTURE shall enure to the benefit of and be binding upon the parties hereto and their respective heirs, executors, administrators, successors and assigns.


 


WHENEVER the singular or masculine is used throughout this Indenture, the same shall be construed as meaning the plural or the feminine or body corporate or politic, as the context or parties so requires.


 


IN WITNESS WHEREOF the parties hereto have hereunto set their respective hands this 7 day of April.


 


 


BY THE LANDLORD:


BENCHMARK ESTATE (2009)


 


 


/s/ Director of Operations               


Benchmark Director of Operations


 







BY THE TENANT:


DSG TAG SYSTEMS INC.


 







/s/ Robert Silzer                    


Robert Silzer












EOE


Attached: amended clauses of Lease Agreement.






  





  











  






 


DSG Tag Systems Inc.


5455 - 152nd Street, Unit 214, Surrey, BC


 














	
1.1 (f) Extended Term:

	  	


Two (2) months, plus the balance of the calendar month if the Commencement Date occurs on a day other than the first day of the month.




	  	  	  
	
1.1 (g)  Commencement Date of Extended Term:

	  	
The Term will commence on May 1, 2016 and end on July 31, 2016.


	  	  	  
	
1.1 (h) Minimum Rent for Extended Term:

	  	  
	  	  	  





 



	


Year of the Term



	 	

Per Sq. Ft.

	 	
Per Annum

	 	
Per Month


	

2nd  Floor  Office - 2597  sq.ft. 

	 	 	 	  	 	  
	

From May 1, 2016 to and

	 	 	 	  	 	  
	
including July 31, 2016

	 	

$25.50

	 	
$66,223.56

	 	
$5,5 18.63