Exhibit 10.1


 


THIS LEASE AMENDING AGREEMENT made as of
October 1, 2003.


 


IN PURSUANCE of the Short Forms of Leases
Act.


 


B E T W E E N:


 


	
   

  	
  MINUK DEVELOPMENTS INC.

  
	
   

  	
  a corporation
  incorporated under the

  
	
   

  	
  laws of the Province of
  Ontario

  
	
   

  	
   

  
	
   

  	
  (hereinafter called the
  “Landlord”)

  
	
   

  	
   

  	
  OF THE FIRST PART

  
	
   

  	
   

  
	
  -and-

  
	
   

  	
   

  	
   

  
	
   

  	
  SIMPSON STRONG-TIE CANADA LIMITED

  
	
   

  	
  a corporation
  incorporated under the

  
	
   

  	
  laws of the Province of
  Ontario

  
	
   

  	
   

  
	
   

  	
  (hereinafter called the
  “Tenant”)

  
	
   

  	
   

  	
  OF THE SECOND PART

  
	
   

  	
   

  
	
  -and-

  
	
   

  	
   

  
	
   

  	
  SIMPSON MANUFACTURING CO. INC.

  
	
   

  	
   

  
	
   

  	
  (hereinafter called the “Indemnifier”)

  
	
   

  	
   

  	
  OF THE THIRD PART

  



 


WHEREAS the Landlord and the Tenant have entered into a lease made the 26th
day of May, 1998 (the “Original Lease”) in respect of the premises known
municipally as 5 Kenview Boulevard, Brampton, Ontario as further described in
the Original Lease, including a building erected thereon (the “Existing
Premises”) having an area of approximately 104,000 square feet;


 


AND
WHEREAS the Tenant has requested that the Landlord build an
extension to the Existing Premises;


 


AND
WHEREAS, subject to the terms and conditions hereof, the
Landlord has agreed to construct an extension (the “Additional Premises”) to
the Existing Premises, which
Additional Premises, shall consist of 53,644 square feet, including mezzanine
space of 1,264 square feet, and shall be constructed by the Landlord pursuant
to the drawings (the “Drawings”) as stipulated in Schedule “A”, attached
hereto; 


 


AND
WHEREAS the Indemnifier and the Landlord entered into an
agreement (the “Indemnity Agreement’) dated the 26th day of May,
1998 whereby the Indemnifier agreed to indemnify the Landlord in connection
with the Original Lease, as further described in the Indemnity Agreement;


 


AND
WHEREAS the Landlord and Tenant have agreed to amend the
Original Lease and the Indemnity Agreement as provided herein;


 

















 


AND
WHEREAS the
Original Lease together with and as amended by this agreement (the “Amending
Agreement”) are collectively hereinafter referred to as the “Lease”;


 


NOW THEREFORE this Amending Agreement witnesses that in
consideration of the mutual covenants and agreements contained in it and other
good and valuable consideration, the receipt and sufficiency of which is hereby
acknowledged by each party to the other, the parties agree with each other as
follows:


 


ARTICLE I –RECITALS


 


Recitals, Definitions


 


1.01                           The parties
confirm that the foregoing recitals are true.


 


1.02         Unless otherwise stipulated herein,
capitalized terms used in this Amending Agreement shall have the meanings given
to them in the Lease.


 


ARTICLE 2
– CONSTRUCTION OF ADDITIONAL PREMISES


 


Construction of Additional Premises


 


2.01                           Subject to the
terms and conditions hereof, the Landlord agrees to construct the Additional
Premises. The Additional Premises shall be constructed by the Landlord pursuant
to the Drawings.


 


Leasehold Improvements


 


2.02                           The parties
acknowledge that the Drawings contain leasehold improvements (the “Leasehold
Improvements”) as stipulated in Schedule “B”, attached hereto. The said
Leasehold Improvements shall be constructed by the Landlord, at the sole cost
of the Tenant, but such costs to be no greater than as provided in said
Schedule “B”. The Tenant shall pay to the Landlord, the cost of the said
Leasehold Improvements as work progresses, and more particularly within fifteen
(15) days of delivery of an invoice to the Tenant. 


 


Conduct of Construction and Construction Delay


 


2.03                           (a)                                  Subject to the
provisions of Sub-Section 2.02(c) hereof, the Landlord covenants and
agrees that the Landlord’s work (“Landlord’s Work”) will be substantially
completed, as determined by the Landlord’s architects, namely, Sirlin, Giller
& Malek, Architects (the “Architects”), acting reasonably, on or before the
1st day of June, 2004.  If the
Additional Premises are not substantially completed (i.e. in move-in condition)
by June 30, 2004, then said date shall be a later date agreed to between
The Landlord and the Tenant, but not later than five (5) days after the date
when the Architects determine that the Landlord’s Work has been substantially
completed, and all dates in this Amending Agreement shall be adjusted
accordingly. The Landlord will cause the Landlord’s Work to be carried put so
as to cause minimal disruption to the operation of the Tenant in the


 


2

















 


Existing
Premises.  During the period of the
Landlord’s Work, the Tenant will be permitted, provided it does not interfere
with the Landlord’s Work to have its contractors and agents working in
conjunction and cooperatively with the Landlord’s contractors and agents to
perform any work which the Tenant may wish to do.  


 


(b)                                 The Tenant
shall have a period of ten (10) consecutive days commencing on the 1st day of
June, 2004, to inspect the Additional Premises and provide to the Landlord a
list of any deficiencies in the construction thereof.  In the event of a dispute as to deficiencies, the opinion of the
Architects will, absent manifest error, be final and binding upon the parties.
The Landlord shall, subject to the provisions of Section 2.02(c) hereof,
diligently proceed to correct all such deficiencies, to the reasonable
satisfaction of the Tenant, within thirty (30) days following the agreement or
decision as to deficiencies. 


 


(c)                                  If the Landlord
is delayed in completing construction of the Additional Premises as a result of
any act of God, strike, lockout, civil commotion, hostilities, sabotage,
governmental regulations or controls, inability to obtain any material, service
or financing or any other cause beyond the control of the Landlord and the
Tenant cannot take possession of the Additional Premises on the Additional
Premises Commencement Date, then the Additional Premises Commencement Date
shall be extended for a period equal to the period of any such delay, and no
Minimum Rent or Additional Rent shall be payable, in respect to the Additional
Premises, until the newly determined Additional Premises Commencement Date. The
Tenant acknowledges that paving work may not be completed, as at June 1,
2004, as the supply of asphalt necessary for paving, may be unavailable. The
parties agree that the Additional Premises Commencement Date will not be
affected, nor will the obligation of the Tenant to pay Minimum or Additional
Rent be diminished, in the event paving work is not completed and the Landlord,
shall be deemed not to be in default hereunder as a result of such
non-completion. The Landlord agrees to complete paving as soon as possible
after the necessary supply of asphalt is available. 


 


ARTICLE 3
– AMENDMENTS TO THE ORIGINAL LEASE


 


Effective
the date hereof, the following amendments are made to the Original Lease:


 


Definitions


 


3.01                           Schedule “B” of the Original Lease
is amended as follows:


 


(i)                                     Three
new paragraphs are added after paragraph (a) as follows:


 


“(a.1)                   “Additional
Premises” means an extension to the Existing Premises, which extension shall
consist of 53,644 square feet, including mezzanine space of 1,264 square feet,
and constructed by the Landlord in accordance with the drawings (the
“Drawings”) as stipulated in Schedule “A” attached to the Amending
Agreement.


 


(a.2)                         “Amending
Agreement” means a lease amending agreement among the Landlord, the Tenant and
Simpson Manufacturing Co. Inc. dated as of October 1, 2003.


 


3

















 


(a.3)                         “Building”
means the Existing Premises and the Additional Premises, together being a
building erected on the Lands having an area of approximately one hundred and
fifty seven thousand, six hundred and forty four (157,644) square feet and
municipally known as 5 Kenview Drive, City of Brampton, Regional Municipality
of Peel and generally as depicted on Schedule “D”.”


 


(ii)                                  Paragraph
(b) is amended by deleting the word “Building” in quotation marks at the
beginning of that paragraph and replacing it with the words “Existing Premises”
in quotation marks.


 


(iii)                               The
following words are added at the end of paragraph (d):


 


“, including,
without limitation the Amending Agreement.”


 


(iv)                              A
new paragraph is added after paragraph (g) as follows:


 


“(g.1)  “Original Leased Premises” means the Lands
and the Existing Premises.”


 


(v)                                 The
following words are added after the words “Section 3.02” in paragraph (g):
“and section 3.02.1”.


 


(vi)                              Paragraph (j) is deleted.


 


Construction of Building


 


3.02                           Section 1.02
is amended by 


 


(i)                                     deleting the
word “Building” in the second and fourth lines and replacing it with the words
“Existing Premises”;


 


(ii)                                  deleting the
words “property more particularly described on Schedule “A” hereto (the
“Lands”)” and replacing them with the words “the Lands”; and


 


(iii)                               deleting the
last sentence of Section 1.02.


 


Construction Delay


 


3.03                           Section 1.03
of the Original Lease is amended by deleting the words “Leased Premises”
throughout, and replacing them with the words “Existing Premises”.


 


Term


 


3.04                           Section 1.05 of the Original Lease
is deleted and replaced by the following:


 


4

















 


“The Tenant shall have
and hold the Original Leased Premises for and during the term of 15 years and
two months commencing on March 1, 1999 and ending on May 31, 2014, and
shall have and hold the Additional Premises for a term of ten (10) years,
commencing on June 1, 2004 (the “Additional Premises Commencement Date”)
and ending on the May 31, 2014, in each case unless as sooner terminated
pursuant to any of the provisions hereof or extended pursuant to
Section 1.06, (each of such periods the “Term” as they apply to the
Original Leased Premises and the Additional Premises, respectively).”


 


Right to Renew


 


3.05                           Section 1.06 of the Original Lease is
amended by adding after the words “provided that the rate” in the fifth line
the words “for the Existing Premises”.


 


Early Termination


 


3.06                           Section 1.07
of the Original Lease shall be deleted and substituted with the following:


 


“Provided the Tenant is
not in default of any of its obligations under the Lease, the Tenant shall have
the right to terminate this Lease at any time after the expiry of five (5)
years from the Additional Premises Commencement Date (or any extension of such
date) provided that it gives at least three (3) months prior written notice to
the Landlord of its intention to so terminate and the date of such termination
(the “Termination Date”), and provided further that as at the Termination Date,
the Tenant is in compliance with all of its obligations under this Lease and
the Tenant shall have paid to the Landlord one (1) years’ Minimum Rent and
estimated Additional Rent in respect of the Original Leased Premises and the
Additional Premises, including, without limitation, realty taxes, insurance and
operating costs (all as determined by the Landlord, acting reasonably).” 


 


Structural Warranties


 


3.07                           The
following paragraph is added after Section 2.06 of the Original Lease:


 


“The Landlord shall
ensure that the roof membrane on the Additional Premises carries a minimum
warranty period of five (5) years from the Additional Premises Commencement
Date. The Landlord shall also, until the later of one (1) year following the
Additional Premises Commencement Date and the expiry of any applicable warranty
period provided for all “HVAC” Systems, electrical, mechanical, plumbing and
sprinkler systems for the Additional Premises (collectively the “Additional
Premises Services”) be responsible to ensure that all Additional Premises
Services are repaired, maintained, and in good working order. The Landlord
shall transfer any and all trade warranties to the Tenant following expiry of
the said period. The Landlord warrants that all Additional Premises Services
will be constructed and installed in compliance with all laws and regulations
and will be in proper working order at the Additional Premises Commencement
Date.”


 


Minimum Rent


 


3.08                           (a) Section 3.02 of the
Original Lease is deleted and substituted with the following:


 


5

















 


“3.02                     The
Tenant covenants to pay yearly and every year during the first five (5) years
of the Term unto the Landlord as Minimum Rent for the Existing Premises the sum
of Five Hundred and Forty Six Thousand Dollars ($546,000.00) of lawful money of
Canada, to be paid in advance in equal monthly instalments of Forty-Five
Thousand, Five Hundred Dollars ($45,500.00) per month on the first day of each
and every month to the Landlord during the first five (5) years of the Term and
yielding and paying therefor yearly and every year during the balance of the
Term to the Landlord, the sum of Five Hundred And Ninety-Eight Thousand Dollars
($598,000.00) of lawful money of Canada to be paid in advance in equal monthly
instalments of Forty-Nine Thousand, Eight Hundred And Thirty-Three Dollars And
Thirty-Three Cents ($49,833.33) on the first day of each and every month during
the balance of the Term to the Landlord, the first of such payments to be made
on the commencement date of the Term. 
If the Term commences on any day other than the first or ends on any day
other than the last day of a month, Minimum Rent and Additional Rent for the
fractions of a month at the commencement and at the end of the Term shall be
adjusted pro rata on a per diem basis.


 


                                                (b) 
A new Section 3.02.1 is added after Section 3.02 as follows:


 


“3.02.1 


(i)                                     The Tenant covenants to pay yearly and
every year during the first five (5) years of the Term, commencing from the
Additional Premises Commencement Date, unto the Landlord, as Minimum Rent for
the Additional Premises, the sum of One Hundred and Ninety Eight Thousand, Four
Hundred and Eighty Two Dollars and Eighty Cents ($198,482.80) of lawful money
of Canada, to be paid in advance in equal monthly instalments of Sixteen
Thousand, Five Hundred and Forty Dollars and Twenty Three Cents ($16,540.23).
The parties confirm that the Minimum Rent for the Additional Premises is based
upon a rate $3.70 per square foot per annum for the first five (5) years of the
said Term.


 


(ii)                                  The Tenant covenants to pay yearly and
every year during the last five years of the Term, beginning with the commencement of the sixth year of
the Term, unto the Landlord, as Minimum Rent, the sum of Two Hundred and
Eleven Thousand, Eight Hundred and Ninety Three Dollars and Eighty Cents
($211,893.80) of lawful money of Canada, to be paid in advance in equal monthly
instalments of Seventeen Thousand, Six Hundred and Fifty Seven Dollars and
Eighty One Cents ($17,657.81).
The parties confirm that the Minimum Rent for the Additional Premises is
based upon a rate $3.95 per square foot per annum for the last five (5) years
of the said Term.


 


If the area of the
Additional Premises is more or less than 53,644 square feet, then the Minimum
Rent for the Additional Premises shall be adjusted accordingly.


 


If the Term commences on
any day other than the first or ends on any day other than the last day of a
month, Minimum Rent and Additional Rent for the fractions of a month at the
commencement and at the end of the Term shall be adjusted pro rata on a per
diem basis.”


 


6

















 


Calculation of Minimum Rent


 


3.09                           Section 3.03 is amended by adding the
words “for the Original Leased Premises” after the words “Minimum Rent” in the
first line and by replacing the word “Building” in the fifth line with the
words “Existing Premises”.


 


Service Contracts


 


3.10                           Section 5.03 of the Original Lease is
amended by


 


(i) adding after paragraph (a) a new paragraph as follows:


 


“(a.1)                   The Landlord agrees that until the later of one (1) year following the
Additional Premises Commencement Date and the expiry of any applicable warranty
period provided for all Additional Premises Services to be responsible to
ensure that all Additional Premises Services are repaired, maintained, and in
good working order.  The Landlord shall
transfer any and all trade warranties to the Tenant following expiry of the
said period.”;


 


(ii) replacing references to the “Leased Premises” in Sub-Section 5.03(b)
with references to “the Original Leased Premises”; 


 


(iii) adding after paragraph (b) a new paragraph as follows:


 


“(b.1)                  From and after the expiry of the one (1) year warranty referred to in
Section 5.03(a.1), the Tenant covenants that it shall be solely
responsible and shall pay with respect to the Additional Premises, the
aggregate of the total costs and obligations of supplying Utilities used or
consumed with respect to the Additional Premises.  Furthermore, the Tenant shall be solely responsible for and pay
the cost (which shall include the costs of labour, parts, maintenance, and
replacement from time to time either by way of group lamping or otherwise), of
electric light bulbs, tubes and ballasts, fixtures and thermostats equipment
servicing the Additional Premises.”;


 


(iv) in Sub-Section 5.03(c), adding after the word “Services” in
the last line of that Section, the words “and Additional Premises Services”.


 


Further Amendments to the Original Lease


 


3.11                           Sections 3.11, 15.01 and 15.02 of the Original
Lease are deleted.


 


ARTICLE III
– AMENDMENTS TO THE INDEMNITY AGREEMENT


 


Effective the date
hereof, the following amendments are made to the Indemnity Agreement:


 


4.01                           The
following words are added after the words “set out therein” in the fourth line
of the Indemnity Agreement:  “, as
amended by an agreement among the Landlord, the Tenant, and the Indemnifier
dated as of October 1, 2003”.


 


7

















 


ARTICLE IV –
ADDITIONAL COVENANTS, REPRESENTATIONS AND WARRANTIES


 


Deposit


 


5.01                           The
Landlord acknowledges receipt of a deposit in the sum of $35,355.87, of which
$17,698.82 shall be applied to Minimum
Rent for the Additional Premises under the Lease and applicable GST thereon for
the month of June, 2004 and the balance of $17,657.82 shall be applied as
security deposit for the performance by the Tenant of its obligations
under the Lease. The Landlord acknowledges that the Tenant has paid to the
Landlord a security deposit in the sum of $50,000.00 pursuant to the Original
Lease. The parties agree that the said security deposit shall continue to be
lodged with the Landlord, in addition to the foregoing security deposit of $17,657.82.


 


Landlord’s Representations and Warranties


 


5.02                           As of the date hereof, the Landlord hereby
makes the warranties and representations of the Landlord made in
Section 2.03 of the Original Lease, amended only by replacing the word
“Building” with the words “Additional Premises” throughout, and by replacing
the words “Possession Date” with the words “Additional Premises Commencement
Date” throughout and by replacing the word “Services” with the words
“Additional Premises Services” throughout; these representations and warranties
shall be part of the Lease.


 


ARTICLE VI – GENERAL


 


Time
of Essence


 


6.01                           Time
shall be of the essence of this Amending Agreement.


 


Law


 


6.02                           This
Amending Agreement shall be construed and enforced in accordance with the
rights of the parties hereto and shall be governed by the laws of the Province
of Ontario and the laws of Canada applicable herein and the parties hereto do
irrevocably attorn to the jurisdiction of the courts of the Province of Ontario
in respect of the enforcement of the Lease.


 


Headings


 


6.03                           The headings appearing in this Amending
Agreement have been inserted as a matter of convenience and for reference only
and in no way define, limit or enlarge the scope or meaning of this Amending
Agreement or of any of its provisions.


 


Severability


 


6.04                           All of
the provisions contained in this Amending Agreement are to be construed as


 


8

















 


covenants and agreements
and if any provision is illegal or unenforceable it shall be considered
separate and severable from the remaining provisions which shall remain in
force and be binding upon the Landlord and the Tenant.


 


Confirmation of Lease and
Indemnity Agreement


 


6.05                           Except as hereby expressly modified, amended and
supplemented, herein, each of the Original Lease and the Indemnity Agreement,
each as amended by this Amending Agreement, is in all respects ratified and
confirmed and the terms, conditions and covenants thereof shall remain in full
force and effect, and all references to the Lease and the Indemnity Agreement
shall be references, respectively, to the Original Lease together with and as
amended by this Amending Agreement, and to the Indemnity Agreement as amended
by this Amending Agreement.


 


Entire Agreement


 


6.06                           This Amending Agreement, the Indemnity
Agreement and the Original Lease (as amended by this Amending Agreement),
including all Schedules to any of them, constitute the entire agreement between
the Landlord and the Tenant hereto with respect to the Leased Premises. The
Indemnifier hereby consents to this Amending Agreement.  This Amending Agreement may not be amended
or modified in any respect except by written instrument executed by each of the
Landlord and Tenant.


 


Counterparts


 


6.07                           This Amending Agreement may be
executed in one or more counterparts, each of which so executed shall
constitute an original and all of which together shall constitute one and the
same agreement. This Amending
Agreement may be executed by facsimile transmission, and when so executed shall
be deemed to constitute an original.


 


No
Assignment by Tenant


 


6.08                           This Amending Agreement shall not
be assignable by the Tenant without the prior written consent of the Landlord.


 


Successors


 


6.09                           This Amending Agreement shall be binding upon and
enure to the benefit of the parties hereto and their respective permitted
successors and assigns.


 


THE PARTIES hereby execute this Amending Agreement as
of the date first above written.


 


 


	
   

  	
  MINUK DEVELOPMENTS INC.

  
	
   

  	
   

  
	
   

  	
  Per:

  	
  /s/SAM MINUK

  	
   

  
	
   

  	
  Name: Sam Minuk

  
	
   

  	
  Title: President

  



 


9

















 


	
   

  	
  I have authority to bind the corporation

  
	
   

  	
   

  
	
   

  	
  SIMPSON
  STRONG-TIE CANADA LIMITED

  
	
   

  	
   

  
	
   

  	
  Per:

  	
  /s/DAVID HENDRICKS

  	
   

  
	
   

  	
  Name: David Hendricks

  
	
   

  	
  Title: Vice President

  
	
   

  	
   

  
	
   

  	
  Per:

  	
   

  	
   

  
	
   

  	
  Name:

  
	
   

  	
  Title:

  
	
   

  	
   

  
	
   

  	
  I/We have authority to bind the corporation

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  SIMPSON MANUFACTURING CO. INC.

  
	
   

  	
   

  
	
   

  	
  Per:

  	
  /s/MICHAEL J. HERBERT

  	
   

  
	
   

  	
  Name: Michael J. Herbert

  
	
   

  	
  Title: Chief Financial Officer

  
	
   

  	
   

  
	
   

  	
  Per:

  	
   

  	
   

  
	
   

  	
  Name:

  
	
   

  	
  Title:

  
	
   

  	
   

  
	
   

  	
  I/We have authority to bind the corporation

  



 


10

















 


SCHEDULE “A”


DRAWINGS


 


SIRLIN & GILLER,  A1, A2-1, A2-2, A3, A4, A4-1, A4-2, DRAWING
DATED MAY 22, 2003, LAST REVISION IS REVISION 8, ISSUED FOR PERMIT DATED
AUGUST 20, 2003.


 


ZARETSKY CONSULTING ENG.,
S1 – S7 DATED JULY 20, 2003 ISSUED FOR PERMIT AUGUST 19, 2003.


 


ANDER ENGINEERING &
ASSOCIATES DRAWING DATED JULY 14, 2003 AND REVISION #2 DATED JULY 14,
2003.


 


AVAM MECHANICAL DESIGN,
M1-M4 DATED JULY 22, 2003 AND REVISION #1, AUGUST 11 ISSUED FOR
PERMIT.


 


KYNETA GROUP INC., E1 –
E6 DATED AUGUST 29, 2003.


 


AVAM MECHANICAL DESIGN,
M5-M6 WAREHOUSE VENTILATION DATED OCTOBER 27, 2003.


 


11

















 


SCHEDULE “B”

LEASEHOLD IMPROVEMENTS


 


	
  (a)

  	
   

  	
  Remove and dispose of
  existing blockwall in warehouse area of Existing Premises-

  	
   

  	
  $

  	
  25,000.00

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  (b)

  	
   

  	
  Cut new openings in
  pre-cast and supply 2 new electrically Operated overhead doors (16’ x 16’) as
  per our Site plan drawing prepared by Sirlin & Giller

  	
   

  	
  29,000.00

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  (c)

  	
   

  	
  Add new washrooms and
  office in rear of existing warehouse of Existing Premises

  	
   

  	
  64,000.00

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  (d)

  	
   

  	
  Add new mandoor and
  stairs to exterior of building

  	
   

  	
  3,000.00

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  (e)

  	
   

  	
  New office mezzanine in
  front of building including soundproofing

  	
   

  	
  88,000.00

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  (f)

  	
   

  	
  Site administration,
  permits, design, etc. (for all above)

  	
   

  	
  10,000.00

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  (g)

  	
   

  	
  Replace dock levellers
  in Existing Premises (to 50,000 lb. plate capacity

  	
   

  	
  16,500.00

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  (h)

  	
   

  	
  Upgrade lighting in
  warehouse area of Existing Premises

  	
   

  	
  63,000.00

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  (i)

  	
   

  	
  Install make-up air
  unit in Additional Premises

  	
   

  	
  72,150.00

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  (j)

  	
   

  	
  Remove structural steel
  cross bracing in Existing Premises

  	
   

  	
  15,000.00

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  (k)

  	
   

  	
  Change existing wash
  basin to a handicap Bradley unit

  	
   

  	
  6,000.00

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Sub Total

  	
   

  	
  $

  	
  391,650.00

  	
   

  
	
   

  	
   

  	
  Add: (5% overhead and
  5% profit)

  	
   

  	
  $

  	
  39,165.00

  	
   

  
	
   

  	
   

  	
  Total
  Cost (not incl. G.S.T.)

  	
   

  	
  $

  	
  430,815.00

  	
   

  



 


Note: The above
Schedule of Leasehold improvements are shown in the Drawings as (as dated)
in Schedule “A”. Any additional costs for leasehold improvements requested
by the Tenant will be approved by the Tenant as they come up; and, the Drawings
will then be revised and knew revisions dated. All Leasehold Improvements will
be paid for by the Tenant as work progresses and as invoiced by the Landlord.


 


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