Exhibit 10.4



T O R O N T O    E A T O N    C E N T R E



1    D U N D A S    S T R E E
T    W E S T



O F F I C
E    L E A S E



BETWEEN



T.E.C. LEASEHOLDS LIMITED



- AND -



LEARNING TREE INTERNATIONAL INC.



---

TORONTO EATON CENTRE



1 DUNDAS STREET WEST



LEASE



TABLE OF CONTENTS



|                                                                 |  |   
|---------------------------------------------------------------- |  | --
|ARTICLE I - PREMISES - TERM AND USE                              |  | 1 
|Section 1.01 Grant and Premises                                  |  | 1 
|Section 1.02 Term                                                |  | 1 
|Section 1.03 Construction of Premises                            |  | 1 
|Section 1.04 Use and Conduct of Business                         |  | 1 
|                                                                 | 
|ARTICLE II - RENT                                                |  | 1 
|Section 2.01 Covenant to Pay                                     |  | 1 
|Section 2.02 Net Rent                                            |  | 2 
|Section 2.03 Payment of Operating Costs                          |  | 2 
|Section 2.04 Payment of Taxes                                    |  | 2 
|Section 2.05 Payment of Estimated Taxes and Operating Costs      |  | 2 
|Section 2.06 Additional Rent                                     |  | 3 
|Section 2.07 Rent Past Due                                       |  | 3 
|Section 2.08 Utilities                                           |  | 3 
|Section 2.09 Adjustment of Areas                                 |  | 3 
|Section 2.10 Net Lease                                           |  | 3 
|Section 2.11 Deposit                                             |  | 3 
|Section 2.12 Electronic Data Interchange - Intentionally Deleted |  | 3 
|                                                                 | 
|ARTICLE III - CONTROL OF BUILDING                                |  | 3 
|Section 3.01 Landlords Services                                 |  | 3 
|Section 3.02 Alterations by Landlord                             |  | 4 
|                                                                 | 
|ARTICLE IV - ACCESS AND ENTRY                                    |  | 4 
|Section 4.01 Right of Examination                                |  | 4 
|Section 4.02 Right to Show Premises                              |  | 4 
|Section 4.03 Entry not Forfeiture                                |  | 4 
|                                                                 | 
|ARTICLE V - MAINTENANCE, REPAIRS AND ALTERATIONS                 |  | 5 
|Section 5.01 Maintenance By Landlord                             |  | 5 
|Section 5.02 Maintenance by Tenant; Compliance with Laws         |  | 5 
|Section 5.03 Approval of Tenants Alterations                    |  | 5 
|Section 5.04 Repair Where Tenant at Fault                        |  | 6 
|Section 5.05 Removal of Improvements and Fixtures                |  | 6 
|Section 5.06 Liens                                               |  | 7 
|Section 5.07 Notice by Tenant                                    |  | 7 
|                                                                 | 
|ARTICLE VI - INSURANCE AND INDEMNITY                             |  | 7 
|Section 6.01 Tenants Insurance                                  |  | 7 
|Section 6.02 Increase in Insurance Premiums                      |  | 8 
|Section 6.03 Cancellation of Insurance                           |  | 8 
|Section 6.04 Loss or Damage                                      |  | 8 
|Section 6.05 Landlords Insurance                                |  | 8 
|Section 6.06 Indemnification of the Landlord                     |  | 8 
|Section 6.07 Release By the Landlord                             |  | 9 
|                                                                 | 
|ARTICLE VII - DAMAGE AND DESTRUCTION                             |  | 9 
|Section 7.01 No Abatement                                        |  | 9 
|Section 7.02 Damage to Premises                                  |  | 9 
|Section 7.03 Right of Termination                                |  | 9 
|Section 7.04 Destruction of Building or the Development          |  | 9 
|Section 7.05 Architects Certificate                             |  | 10
|                                                                 | 
|ARTICLE VIII - ASSIGNMENT, SUBLETTING AND TRANSFERS              |  | 10
|Section 8.01 Assignments, Subleases and Transfers                |  | 10
|Section 8.01A Related Corporation                                |  | 10
|Section 8.02 Landlords Right to Terminate                       |  | 11
|Section 8.03 Conditions of Transfer                              |  | 11
|Section 8.04 Change of Control                                   |  | 12
|Section 8.05 No Advertising                                      |  | 12
|Section 8.06 Assignment By Landlord                              |  | 12



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|                                                           |  |   
|---------------------------------------------------------- |  | --
|ARTICLE IX - DEFAULT                                       |  | 12
|Section 9.01 Default and Remedies                          |  | 12
|Section 9.02 Distress                                      |  | 13
|Section 9.03 Costs                                         |  | 13
|Section 9.04 Allocation of Payments                        |  | 13
|Section 9.05 Survival of Obligations                       |  | 13
|                                                           | 
|ARTICLE X - STATUS STATEMENT, ATTORNMENT AND SUBORDINATION |  | 13
|Section 10.01 Status Statement                             |  | 13
|Section 10.02 Subordination                                |  | 13
|Section 10.03 Attornment                                   |  | 13
|Section 10.04 Execution of Documents                       |  | 13
|                                                           | 
|ARTICLE XI - GENERAL PROVISIONS                            |  | 13
|Section 11.01 Rules and Regulations                        |  | 13
|Section 11.02 Delay                                        |  | 13
|Section 11.03 Overholding                                  |  | 14
|Section 11.04 Waiver                                       |  | 14
|Section 11.05 Registration                                 |  | 14
|Section 11.06 Notices                                      |  | 14
|Section 11.07 Successors                                   |  | 14
|Section 11.08 Joint and Several Liability                  |  | 14
|Section 11.09 Captions and Section Numbers                 |  | 14
|Section 11.10 Extended Meanings                            |  | 14
|Section 11.11 Partial Invalidity                           |  | 14
|Section 11.12 Entire Agreement                             |  | 14
|Section 11.13 Governing Law                                |  | 15
|Section 11.14 Time of the Essence                          |  | 15
|Section 11.15 Head Lease                                   |  | 15
|Section 11.16 Quiet Enjoyment                              |  | 15
|Section 11.17 Rent Free Period                             |  | 15
|Section 11.18 Space Planning                               |  | 15
|Section 11.19 Landlords Work                              |  | 15
|Section 11.20 Tenants Work                                |  | 16
|Section 11.21 Option to Extend Term                        |  | 16
|Section 11.22 Expansion Option                             |  | 17
|Section 11.23 Parking                                      |  | 17
|Section 11.24 Right of First Refusal                       |  | 18
|Section 11.25 Restrictive Covenant                         |  | 18
|                                                           | 
|SCHEDULE A - LEGAL DESCRIPTION OF LANDS                  |  | 20
|                                                           | 
|SCHEDULE B - FLOOR PLAN OF THE PREMISES                  |  |   
|                                                           | 
|SCHEDULE C - DEFINITIONS                                 |  | 20
|                                                           | 
|SCHEDULE D - RULES AND REGULATIONS                       |  | 25



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THIS LEASE is dated the 6th day of March, 2000.



B E T W E E N:



T.E.C. LEASEHOLDS LIMITED

(the Landlord)



-
and -



LEARNING TREE INTERNATIONAL INC.

(the Tenant)



ARTICLE I - PREMISES - TERM AND USE



Section 1.01 Grant and Premises



In consideration of the performance by the Tenant of its obligations under this Lease, the Landlord leases the Premises to the Tenant for the Term. The Premises are
located on the 10th Floor of the Building and are shown crosshatched in parallel lines on the floor plan attached as Schedule B. The Rentable Area of the Premises is approximately Fourteen Thousand
(14,000) square feet.



Section 1.02 Term



The Term of this Lease is Ten (10) years and Two (2) months from and
including the later of: (a) the day following the expiry of the Fixturing Period; and (2) the 1st day of September, 2000.



Section 1.03 Construction of Premises



The Tenant shall abide by the provisions of the tenant leasehold improvement manual supplied by the Landlord for any construction it proposes to do prior to or upon
occupancy of the Premises, and any Alterations to the Premises after it takes occupancy. Prior to the Commencement Date, the Tenant shall be permitted to take possession of the Premises for a period of ninety-two days (the Fixturing
Period) in order to construct its Leasehold Improvements, to relocate from its existing premises and, if applicable, to conduct its business in the Premises. The Fixturing Period shall commence on the later of: (i) the day following the
date the Landlord completes its work pursuant to Section 11.19 of this Lease; and (ii) June 1, 2000. During the last 60 days of the Fixturing Period, the Tenant shall have exclusive possession of the Premises.



During the Fixturing Period, the Tenant shall not be obligated to pay Net Rent or portions
of Additional Rent payable under Sections 2.03, 2.04(c), 2.05 and 2.08(a) of this Lease, but the Tenant shall be subject to all other terms and conditions of this Lease insofar as they are applicable including, without limitation, the obligations to
pay all amounts for Additional Rent (other than those payable under Sections 2.03, 2.04(c), 2.05 and 2.08(a)) to the Landlord at the times and in the manner directed by the Landlord, the provisions relating to the liability of the Tenant for its
acts and omissions, and the acts and omissions of its servants, employees, agents, contractors, invitees, concessionaires and licensees and the indemnification of the Landlord.



Section 1.04 Use and Conduct of Business



The Premises shall be used only for general office use and/or as an instructor-led computer training facility and for no other
purpose. The Tenant shall conduct its business in the Premises in a reputable and first class manner. Provided the Tenant has provided the Landlord with evidence satisfactory to the Landlord, acting reasonably, that the Tenant has obtained all
necessary permits and licenses and has complied with all applicable laws and by-laws, the Tenant shall be permitted to serve to its staff and clientele continental breakfasts in the morning, afternoon snacks, afternoon wine and cheese and beverages
throughout the day.



ARTICLE II  RENT



Section 2.01 Covenant to Pay



|(a) | Except as otherwise expressly provided in this Lease, the Tenant shall pay Rent from the Commencement Date without prior demand and without any deduction, abatement, setoff or
compensation. If the Commencement Date is not on the first day of a calendar month, or the period of time from the Commencement Date to the end of the first Fiscal Year during the Term is less than 12 calendar months, or the period of time from the
last Fiscal Year end during the Term to the end of the Term is less than 12 calendar months, then Rent for such month and such periods shall be pro-rated on a per diem basis, based upon a period of 365 days.
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|(b) | The Tenant will deliver to the Landlord on each Fiscal Year end throughout the Term, a series of monthly post-dated cheques for the next ensuing twelve month period, for the
total of the monthly payments of Net Rent and any Additional Rent estimated by the Landlord in advance.
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Section 2.02 Net Rent



Subject to Section 11.17, the Tenant shall pay Net Rent in the sum of ONE HUNDRED AND EIGHTY-FIVE THOUSAND FIVE HUNDRED
DOLLARS ($185,500.00) per annum payable in equal monthly instalments of FIFTEEN THOUSAND FOUR HUNDRED AND FIFTY-EIGHT DOLLARS AND THIRTY-THREE CENTS ($15,458.33) each in advance on the first day of each calendar month of the Term. The Net
Rent is based on an annual rate of THIRTEEN DOLLARS AND TWENTY-FIVE CENTS ($13.25) per square foot of the Rentable Area of the Premises. As soon as reasonably possible after completion of construction of the Premises, the Landlord shall
measure the Net Rentable Area of the Premises and shall calculate the Rentable Area of the Premises in accordance with the Standard Method for Measuring Floor Area in Office Buildings, as per ANSI Z65.1-1980 as established by the Building Owners
and Managers Association International and Rent shall be adjusted accordingly.



Section 2.03 Payment of Operating Costs



Subject to
Section 11.17, the Tenant shall pay to the Landlord the Tenants Proportionate Share of Operating Costs.



Section 2.04 Payment of Taxes



|(a) | The Tenant shall pay when due all Business Tax. If the Tenants Business Tax is payable by the Landlord to the relevant taxing authority, the Tenant shall pay the amount
thereof to the Landlord or as it directs. If no separate tax bills for Business Tax are issued with respect to the Tenant or the Premises, the Landlord may allocate Business Tax charged, assessed or levied against the Building or the Lands to the
Tenant on the basis of the Tenants Proportionate Share.
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|(b) | The Landlord shall allocate Taxes between the Total Rentable Area of the Building and other components of the Development on such basis as the Landlord, acting equitably, determines
from time to time.
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|(c) | Subject to Section 11.17, the Tenant shall pay to the Landlord its Proportionate Share of the Taxes allocated to the Total Rentable Area of the Building by the Landlord.
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|(d) | If the Landlord obtains a written statement from the assessment or taxing authorities indicating that as a result of any construction or installation of improvements in the
Premises, or any act or election of the Tenant or the exemption from taxation at full commercial rates of any part of the Total Rentable Area of the Building, the Taxes payable by the Tenant under subsection 2.05(b) do not
accurately reflect the Tenants proper share of Taxes, the Landlord may require the Tenant to pay such greater or lesser amount as is determined by the Landlord, acting reasonably.
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|(e) | The Landlord may: contest any Taxes and appeal any assessments with respect thereto; withdraw any such contest or appeal; and agree with the taxing authorities on any settlement or
compromise with respect to Taxes. The Tenant will co-operate with the Landlord in respect of any such contest or appeal and will provide the Landlord with all relevant information, documents and consents required by the Landlord in connection with
any such contest or appeal. The Tenant will not contest any Taxes or appeal any related assessments without the Landlords prior written consent.
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|(f) | The Tenant shall promptly deliver to the Landlord on request, copies of assessment notices, tax bills and other documents received by the Tenant relating to Taxes and Business Tax
and receipts for payment of Taxes and Business Tax payable by the Tenant.
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|(g) | The Tenant shall on demand, pay to the Landlord or to the appropriate taxing authority if required by the Landlord, all goods and services taxes, sales taxes, value added taxes,
business transfer taxes, or any other taxes imposed on the Landlord with respect to Rent or in respect of the rental of space under this lease, whether characterized as a goods and services tax, sales tax, value added tax, business transfer tax or
otherwise. The Landlord shall have the same remedies and rights with respect to the payment of recovery of such taxes as it has for the payment or recovery of Rent under this lease.
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Section 2.05 Payment of Estimated Taxes and Operating Costs



|(a) | The amount of Taxes and Operating Costs may be estimated by the Landlord for such period as the Landlord determines from time to time, and the Tenant agrees to pay to the Landlord
the amounts so estimated in equal instalments, in advance, on the first day of each month during such period. Notwithstanding the foregoing, when bills for all or any portion of the amounts so estimated are received, the Landlord may bill the Tenant
for the Tenants Proportionate Share thereof (or the amount determined under Section 2.04(d)) after crediting against such amounts any monthly payments of estimated Taxes and Operating Costs previously made by the Tenant and the Tenant
shall pay the Landlord the amounts so billed.
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|(b) | Within a reasonable time (not to exceed 180 days) after the end of the period for which such estimated payments have been made, the Landlord shall submit to the Tenant a
statement showing the calculation of the Tenants share of Taxes and Operating Costs together with a report from the Landlords auditor as to the total amount of Operating Costs. If:
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (i) | the amount the Tenant has paid is less than the amounts due, the Tenant shall pay such deficiency to the Landlord; or
| | --- | ---------------------------------------------------------------------------------------------------------------------



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| | (ii) | the amount paid by the Tenant is greater than the amounts due, the Landlord shall pay such excess to the Tenant within 15 business days after the delivery of such statement.
| | ---- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------



The obligations contained in this subsection
shall survive the expiration or earlier termination of the Term. Failure of the Landlord to render any statement of Taxes or Operating Costs shall not prejudice the Landlords right to render such statement thereafter or with respect to any
other period. The rendering of any such statement shall also not affect the Landlords right to subsequently render an amended or corrected statement.



Section 2.06 Additional Rent



Except as otherwise provided in this lease, all Additional Rent shall be payable by the Tenant to the Landlord within 15 business days after demand.



Section 2.07 Rent Past Due



All Rent past due shall bear interest from the date on which the same became due until the
date of payment at 3% per annum in excess of the prime interest rate for Canadian Dollar demand loans announced from time to time by any Canadian chartered bank designated by the Landlord.



Section 2.08 Utilities



|(a) | Subject to Section 11.17, the Tenant shall pay to the Landlord, or as the Landlord directs, all gas, electricity, water, steam and other utility charges applicable to
the Premises on the basis of the Rentable Area of the Premises. Charges for utilities shall be payable in advance on the first day of each month at a basic rate determined by the Landlords engineers. The Landlord shall be entitled to allocate
to the Premises an additional charge, as determined by the Landlords engineer, acting reasonably, and with a copy of such engineers report to the Tenant, for any supply of utilities to the Premises in excess of those covered by
such basic charge. If any utility rates or related taxes or charges are increased or decreased during the Term, such charges shall be equitably adjusted and the decision of the Landlord, acting reasonably, shall be final and binding with respect to
any such adjustment.
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|(b) | The Landlord shall have the exclusive right to replace bulbs, tubes and ballasts in the lighting system in the Premises, on either an individual or a group basis. The Tenant shall
pay the cost of such replacement on the first day of each month or at the option of the Landlord upon demand.
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|(c) | The Tenant shall pay the cost of installing and maintaining any meters installed at the request of the Landlord or the Tenant to measure the usage of utilities in the Premises.
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Section 2.09 Adjustment of Areas



The Landlord may from time to time re-measure the Net Rentable Area of the Premises or
re-calculate the Rentable Area of the Premises and may re-adjust the Net Rent and/or the Tenants Proportionate Share of Additional Rent accordingly. The effective date of any such re-adjustment shall:



|(a) | in the case of an adjustment to the Rentable Area resulting from a change in the aggregate Net Rentable Area of all office premises on the floor on which the Premises are situated,
be the date on which such change occurred; and
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|(b) | in the case of a correction to any measurement or calculation error, be the date as of which such error was introduced in the calculation of Rent.
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------



Section 2.10 Net Lease



This lease is a completely net lease to the Landlord, except as expressly herein set out.
The Landlord is not responsible for any expenses or outlays of any nature arising from or relating to the Premises, or the use or occupancy thereof, or the contents thereof or the business carried on therein. The Tenant shall pay all charges,
impositions and outlays of every nature and kind relating to the Premises except as expressly herein set out.



Section 2.11 Deposit



The Landlord
acknowledges receipt of the Tenants deposit cheque in the sum of $NIL which will be applied without interest against the first Rent due under this Lease.



Section 2.12 Electronic Data Interchange  Intentionally deleted



ARTICLE III - CONTROL OF BUILDING



Section 3.01 Landlords Services



|(a) | The Landlord shall provide climate control to the Premises during the hours of 7:00 a.m. to 6:00 p.m. from Monday to Friday to maintain a temperature adequate for normal
occupancy for the permitted use pursuant to Section 1.04, except during the making of repairs, alterations or improvements, provided that the Landlord shall have no liability for failure to supply climate control service when stopped as
aforesaid or when prevented from doing so by repairs, or causes beyond the Landlords reasonable control. Any rebalancing of the climate control system in the Premises necessitated by the installation of partitions, equipment or fixtures by the
Tenant or by any use of the Premises not in accordance with the design standards of such system will be performed by the Landlord at the Tenants expense.
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|(b) | Subject to the Rules and Regulations, the Landlord shall provide elevator service during Normal Business Hours for use by the Tenant in common with others, except when prevented by
repairs. The Landlord will operate at least one passenger elevator for use by tenants at all times.
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|(c) | The Landlord will provide cleaning services in the Building consistent with the standards of a first class office building.
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|(d) | Subject to Section 2.08, the Landlord shall make available to the Premises electricity for normal lighting and miscellaneous power requirements and, in normal quantities gas,
water, and other public utilities generally made available to other tenants of the Building by the Landlord.
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Section 3.02 Alterations by Landlord



The Landlord may:



|(a) | alter, add to, subtract from, construct improvements to, rearrange, build additional storeys on and construct additional facilities adjoining or near the Development;
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|(b) | relocate the facilities and improvements comprising the Building or erected on the Lands, or relocate, alter or rearrange the Premises, provided that the premises
as relocated, altered, or rearranged shall be in all material aspects comparable to the Premises as herein defined;
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|(c) | do such things on, or in the Lands or Development as are required to comply with any laws, by-laws, regulations, orders or directives affecting the Lands or any part of the
Development; and
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|(d) | do such other things on or in the Lands or Development as the Landlord, in the use of good business judgment determines to be advisable;
|--- | ----------------------------------------------------------------------------------------------------------------------------------------



provided that notwithstanding anything contained in this Section, access to the Premises
shall at all times be available from the elevator lobbies of the Building and the Tenant shall not be deprived of its ability to operate its business.



The Landlord shall not be in breach of its covenant for quiet enjoyment or liable for any loss, costs or damages, whether direct or indirect, incurred by the Tenant due
to any of the foregoing provided the Landlord takes all reasonable measures to minimize such loss, costs or damages.



ARTICLE IV - ACCESS AND ENTRY



Section 4.01 Right of Examination



The Landlord shall be entitled at all reasonable times upon 24 hours written notice(and at any time without noticein case of emergency) to enter the
Premises to examine them; to make such repairs, alterations or improvements in the Premises as the Landlord considers necessary or desirable; to have access to underfloor ducts and access panels to mechanical shafts; to check, calibrate, adjust and
balance controls and other parts of the heating systems; and for any other purpose necessary to enable the Landlord to perform its obligations or exercise its rights under this lease. The Tenant shall not obstruct any pipes, conduits or mechanical
or electrical equipment so as to prevent reasonable access thereto. In exercising its rights under this Section, the Landlord shall take all commercially reasonable measurespossible in the circumstances, so as to minimize interference
with the Tenants use and enjoyment of and the conduct of the Tenants business inthe Premises.



Section 4.02 Right to Show Premises



The Landlord and its agents shall have the right to enter the Premises upon 24 hours written notice at all reasonable times during Normal Business Hours to show
them to prospective purchasers, or Mortgagees or prospective Mortgagees, and, during the last six months of the Term (or the last six months of any renewal term if this lease is renewed), to prospective tenants. Notwithstanding the foregoing, the
Landlord shall not enter the classroom areas while classes are in progress, but the Landlord shall be entitled to enter the public areas in the Premises, subject to the above-mentioned written notice to Tenant.



Section 4.03 Entry not Forfeiture



No entry into the Premises or anything done therein by the Landlord pursuant to a right
granted by this lease shall constitute a breach of any covenant for quiet enjoyment, or (except where expressed by the Landlord in writing) shall constitute a re-entry or forfeiture, or an actual or constructive eviction. The Tenant shall have no
claim for injury, damages or loss suffered as a result of any such entry or thing, except in the case of willful misconduct by the Landlord in the course of such entry, but the Landlord shall in no event be responsible for the acts or negligence of
any Persons providing cleaning services in the Building. The Landlord shall, however, ensure that any Person providing such cleaning services in the Building shall carry liability insurance and the Landlord shall require such Person providing
cleaning services to the Premises to employ only bonded personnel.



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ARTICLE V - MAINTENANCE, REPAIRS AND ALTERATIONS



Section 5.01 Maintenance By Landlord



|(a) | The Landlord covenants to keep the following in good repair as a prudent owner:
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| | (i) | the structure of the Building including exterior walls and roofs;
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| | (ii) | the mechanical, electrical and other base building systems; and
| | ---- | ---------------------------------------------------------------



| | (iii) | the entrance, lobbies, plazas, stairways, corridors, parking areas and other facilities from time to time provided for use in common by the Tenant and other tenants of the Building.
| | ----- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



If such maintenance or repairs are required by
law due to the business carried on by the Tenant, then the full cost of such maintenance and repairs plus a sum equal to 15% of such cost representing the Landlords overhead, shall be paid by the Tenant to the Landlord.



|(b) | The Landlord shall not be responsible for any damages caused to the Tenant by reason of failure of any equipment or facilities serving the Building or delays in the performance of
any work for which the Landlord is responsible under this lease. The Landlord shall have the right to stop, interrupt or reduce any services, systems or utilities provided to, or serving the Building or Premises to perform repairs, alterations or
maintenance or to comply with laws or regulations, or binding requirements of its insurers, or for causes beyond the Landlords reasonable control or as a result of the Landlord exercising its rights under Section 3.02. The Landlord shall
not be in breach of its covenant for quiet enjoyment or liable for any loss, costs or damages, whether direct or indirect, incurred by the Tenant due to any of the foregoing, but the Landlord shall make reasonable efforts to restore the services,
utilities or systems so stopped, interrupted or reduced.
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|(c) | If the Tenant fails to carry out any maintenance, repairs or work required to be carried out by it under this lease to the reasonable satisfaction of the Landlord, the Landlord may
at its option carry out such maintenance or repairs without any liability for any resulting damage to the Tenants property or business. The cost of such work, plus a sum equal to 15% of such cost representing the Landlords overhead,
shall be paid by the Tenant to the Landlord.
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|(d) | (i) The Landlord agrees that the Tenants technology education classes shall not be materially interfered with by any deliberate act of the Landlord or its contractors
on the floors of the Building abutting the Premises during the hours of 9:00 a.m. to 5:00 p.m., Monday through Friday throughout the Term. Said interference shall include but not be limited to: (1) core drilling floors immediately above and
below the Premises: (2) construction of Leasehold Improvements on floors immediately above and below the Premises involving hammering, drilling and other noise which may hider the education process; (3) any other work performed by the
Landlord or its contractors which would create sufficient noise to hinder the education process, except for emergencies or repairs which must be attended to immediately.
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(ii) The Landlord and the Tenant agree to act reasonably in resolving any
complaints regarding interference to the Tenants business. The Landlord further agrees to use reasonable efforts to control noise created by other tenants on floors which abut the Premises.



(e) The Landlord warrants that the Lands and Building comply with all applicable laws,
by-laws, regulations, orders and directives.



Section 5.02
Maintenance by Tenant; Compliance with Laws



|(a) | The Tenant shall at its sole cost repair and maintain the Premises exclusive of base building mechanical and electrical systems, all to a standard consistent with a first class
office building, (normal wear and tear excepted)with the exception only of those repairs which are the obligation of the Landlord under this lease, subject to Article VII. The Landlord may enter the Premises at all reasonable times upon
24 hours written noticeto view their condition and the Tenant shall maintain and keep the Premises in good and substantial repair according to notice in writing. At the expiration or earlier termination of the Term, the Tenant shall surrender
the Premises to the Landlord in as good condition and repair as the Tenant is required to maintain the Premises throughout the Term.
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|(b) | The Tenant shall, at its own expense, promptly comply with all laws, by-laws, government orders and with all reasonable requirements or directives of the Landlords insurers
affecting the Premises or their use, repair or alteration.
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Section 5.03 Approval of Tenants Alterations



|(a) | No Alterations shall be made to the Premises without the Landlords written approval unless: (i) such alterations do not affect the structure of the Building or the
mechanical, electrical, plumbing, heating, ventilation, air conditioning or other base building systems, and (ii) such alterations do not in the aggregate cost more than $10,000. The Tenant shall submit to the Landlord details of the
proposed work including drawings and specifications prepared by qualified architects or engineers conforming to good engineering practice. All such Alterations shall be performed:
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| | (i) | at the sole cost of the Tenant;
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| | (ii) | by contractors and workmen approved by the Landlord;
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| | (iii) | in a good and workmanlike manner;
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| | (iv) | in accordance with drawings and specifications approved by the Landlord;
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| | (v) | in accordance with all applicable legal and insurance requirements;
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| | (vi) | subject to the reasonable regulations, supervision, control and inspection of the Landlord; and
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| | (vii) | subject to such indemnification against liens and expenses as the Landlord reasonably requires.
| | ----- | -----------------------------------------------------------------------------------------------



The Landlords reasonable cost of supervising all such work (which cost shall not exceed an amount equal to $0.50
per square foot of the Rentable Area of the Premises)shall be paid by the Tenant.



|(b) | If any Alterations would affect the structure of the Building or any of the electrical, plumbing, mechanical, heating, ventilating or air conditioning systems or other base building
systems, such work shall at the option of the Landlord be performed by the Landlord at the Tenants cost. On completion of such work, the cost of the work plus a sum equal to 15% of said cost representing the Landlords overhead shall be
paid to the Landlord. The Landlord confirms there shall be no such 15% charge with respect to such work performed pursuant to this Section 5.03(b) at or prior to the commencement of the Term.
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|(c) | If the Tenant installs Leasehold Improvements, or makes Alterations which depart from the Building standard and which restrict access by the Landlord to any Building system, or
which restrict the installation of the leasehold improvements of any other tenant in the Building, then the Tenant shall be responsible for all costs incurred by the Landlord in obtaining access to such Building system, or in installing such other
tenants leasehold improvements.
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Section 5.04
Repair Where Tenant at Fault



Notwithstanding any other provisions of this
Lease but subject to Section 6.07, if the Building is damaged or destroyed or requires repair, replacement or alteration as a result of the act or omission of the Tenant, its employees, agents, invitees, licensees, contractors or others for
whom it is in law responsible, the cost of the resulting repairs, replacements or alterations plus a sum equal to 15% of such cost representing the Landlords overhead, shall be paid by the Tenant to the Landlord.



Section 5.05 Removal of Improvements and Fixtures



All Leasehold Improvements (other than Trade Fixtures) shall immediately upon their
placement become the Landlords property without compensation to the Tenant. Except as otherwise agreed by the Landlord in writing, no Leasehold Improvements shall be removed from the Premises by the Tenant either during or at the expiry or
sooner termination of the Term except that:



|(a) | the Tenant may, during the Term, in the usual course of its business, remove its Trade Fixtures, provided that the Tenant is not in default under this lease; and
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------



|(b) | the Tenant shall, at the expiration or earlier termination of the Term, at its sole cost, remove its Trade Fixtures from the Premises, failing which, at the option of the Landlord,
the Trade Fixtures shall become the property of the Landlord and may be removed from the Premises and sold or disposed of by the Landlord in such manner as it deems advisable; and
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|(c) | the Tenant shall, at the expiration or earlier termination of the Term, leave the Premises in good repair, reasonable wear and tear excepted and, provided all Leasehold
Improvements installed by the Tenant in the Premises have been approved by the Landlord, the Tenant shall not be required to remove Leasehold Improvements but the Tenant shall remove its Trade Fixtures and the Tenant shall repair any damage to the
Premises and/or the Building caused by such removal. at its sole cost, either remove such of the Leasehold Improvements in the Premises as the Landlord shall require to be removed, and restore the Premises to the Landlords then
current base Building standard to the extent required by the Landlord, or at the Landlords option, pay to the Landlord the estimated cost of such removal and restoration as determined by the Architect, acting reasonably. If the Landlord
requires the Tenant to perform such work, then: (i) the Tenant shall submit detailed demolition drawings to the Landlord for its prior approval, and such work shall be completed under the supervision of the Landlord; (ii) the Tenant shall,
at its expense, repair any damage caused to the Building by such removal; and (iii) if the Tenant fails to complete such work within 30 days following the expiry or earlier termination of the Term, the Tenant shall pay compensation to the
Landlord for each day following such 30th day until the completion of such work, at a rate equal to the per diem Rent payable during the last month preceding the expiry or earlier termination of the Term, which sum is agreed by the parties to be a
reasonable estimate of the damages suffered by the Landlord for the loss of use of the Premises.
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



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Section 5.06 Liens



The Tenant shall promptly pay for all materials supplied and work done in respect of the Premises so as to ensure that no lien is registered against any portion of the
Lands or Building or against the Landlords or Tenants interest therein. If a lien is registered or filed, the Tenant shall discharge it at its expense forthwith, failing which the Landlord may at its option discharge the lien by paying
the amount claimed to be due into court or directly to the lien claimant and the amount so paid and all expenses of the Landlord including legal fees (on a solicitor and his client basis) shall be paid by the Tenant to the Landlord.



Section 5.07 Notice by Tenant



The Tenant shall notify the Landlord of any accident, defect, damage or deficiency in any
part of the Premises or the Building which comes to the attention of the Tenant, its employees or contractors notwithstanding that the Landlord may have no obligation in respect thereof.



ARTICLE VI - INSURANCE AND INDEMNITY



Section 6.01 Tenants Insurance



|(a) | The Tenant shall maintain the following insurance throughout the Term at its sole cost:
|--- | ---------------------------------------------------------------------------------------



| | (i) | All Risks (including flood and earthquake) property insurance with reasonable deductibles, naming the Landlord, the owners of the Lands and Development and the Mortgagee
as insured parties, containing a waiver of any subrogation rights which the Tenants insurers may have against the Landlord and against those for whom the Landlord is in law responsible, and (except with respect to the Tenants chattels)
incorporating the Mortgagees standard mortgage clause. Such insurance shall insure:
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (1) | property of every kind owned by the Tenant or for which the Tenant is legally liable located on or in the Development including, without limitation, Leasehold Improvements, in an
amount equal to not less than 90% of the full replacement cost thereof, subject to a stated amount co-insurance clause; and
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (2) | extra expense insurance in such amount as will reimburse the Tenant for loss attributable to all perils referred to in this paragraph 6.01(a)(i) or resulting from prevention of
access to the Premises.
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (ii) | Comprehensive general liability insurance which includes the following coverages: owners protective; personal injury; occurrence property damage; and employers and blanket
contractual liability. Such policies shall contain inclusive limits of not less than $5,000,000, provide for cross liability, and name the Landlord as an insured.
| | ---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (iii) | Tenants all risks legal liability insurance for the replacement cost value of the Premises;
| | ----- | ----------------------------------------------------------------------------------------------



| | (iv) | Automobile liability insurance on a non-owned form including contractual liability, and on an owners form covering all licensed vehicles operated by or on behalf of the
Tenant, which insurance shall have inclusive limits of not less than $1,000,000; and
| | ---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (v) | Any other form of insurance which the Tenant or the Landlord, acting reasonably, or the Mortgagee requires from time to time in form, in amounts and for risks against which a
prudent tenant would insure.
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|(b) | All policies referred to in this Section 6.01 shall:
|--- | ----------------------------------------------------



| | (i) | be taken out with insurers reasonably acceptable to the Landlord;
| | --- | -----------------------------------------------------------------



| | (ii) | be in a form reasonably satisfactory to the Landlord;
| | ---- | -----------------------------------------------------



| | (iii) | be non-contributing with, and shall apply only as primary and not as excess to any other insurance available to the Landlord;
| | ----- | -----------------------------------------------------------------------------------------------------------------------------



| | (iv) | not be invalidated as respects the interests of the Landlord or the Mortgagee by reason of any breach of or violation of any warranty, representation, declaration or condition; and
| | ---- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (v) | contain an undertaking by the insurers to notify the Landlord by registered mail not less than 30 days prior to any material change, cancellation or termination.
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------



Certificates of insurance on the
Landlords standard form or other proof of insurance as reasonably required by the Landlord, shall be delivered to the Landlord prior to the Commencement Date and from time to time, forthwith upon request. If the Tenant fails to take out or to
keep in force any insurance referred to in this Section 6.01 or should any such insurance not be approved by either the Landlord or the Mortgagee and should the Tenant not commence to diligently rectify (and thereafter proceed to diligently
rectify) the situation within 48 hours after written notice by the Landlord to the Tenant (stating, if the Landlord or the Mortgagee, from time to time, does not approve of such insurance, the reasons therefor) the Landlord has the right



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without assuming any obligation in connection therewith, to effect such insurance at the sole cost of the Tenant and all outlays by the Landlord shall be
paid by the Tenant to the Landlord without prejudice to any other rights or remedies of the Landlord under this lease.



Section 6.02 Increase in Insurance Premiums



The Tenant shall not keep or use in the Premises any article which may be prohibited by any fire insurance policy in force from time to time covering the Premises or the
Development. If: (a) the conduct of business in, or use or manner of use of the Premises; (b) or any acts or omissions of the Tenant in the Development or any part thereof; cause or result in any increase in premiums for any insurance
carried by the Landlord with respect to the Development, the Tenant shall pay any such increase in premiums.



In determining whether increased premiums are caused by or result from the use or occupancy of the Premises, a schedule issued by the organization computing the insurance rate on the Development showing the various
components of such rate, shall be conclusive evidence of the items and charges which make up such rate.



Section 6.03 Cancellation of Insurance



If any insurer under any insurance policy covering any part of the Development or any occupant thereof cancels or threatens to cancel its insurance policy or reduces or threatens to reduce coverage under such policy by reason of the use of
the Premises by the Tenant or by any Transferee, or by anyone permitted by the Tenant to be upon the Premises, the Tenant shall remedy such condition within 48 hours after notice thereof by the Landlord.



Section 6.04 Loss or Damage



The Landlord shall not be liable for any death or injury arising from or out of any
occurrence in, upon, at, or relating to the Lands or Development or damage to property of the Tenant or of others located on the Premises or elsewhere in the Development, nor shall it be responsible for any loss of or damage to any property of the
Tenant or others from any cause, whether or not any such death, injury, loss or damage results from the negligence of the Landlord, its agents, employees, contractors, or others for whom it may, in law, be responsible. Without limiting the
generality of the foregoing, the Landlord shall not be liable for any injury or damage to Persons or property resulting from fire, explosion, falling plaster, falling ceiling tile, falling fixtures, steam, gas, electricity, water, rain, flood, snow
or leaks from any part of the Premises or from the pipes, sprinklers, appliances, plumbing works, roof, windows or subsurface of any floor or ceiling of the Development or from the street or any other place or by dampness or by any other cause
whatsoever. The Landlord shall not be liable for any such damage caused by other tenants or Persons on the Lands or in the Development or by occupants of adjacent property thereto, or the public, or caused by construction or by any private, public
or quasi-public work. All property of the Tenant kept or stored on the Premises shall be so kept or stored at the risk of the Tenant only and the Tenant releases and agrees to indemnify the Landlord and save it harmless from any claims arising out
of any damage to the same including, without limitation, any subrogation claims by the Tenants insurers.



Section 6.05 Landlords Insurance



The Landlord shall throughout the Term carry:



|(a) | insurance on the Development (excluding the foundations and excavations) and the machinery, boilers and equipment in or servicing the Development and owned by the Landlord or the
owners of the Development (excluding any property which the Tenant and other tenants are obliged to insure under Section 6.01 or similar sections of their respective leases) against damage by fire and extended perils coverage;
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|(b) | public liability and property damage insurance with respect to the Landlords operations in the Development; and
|--- | ----------------------------------------------------------------------------------------------------------------



|(c) | such other form or forms of insurance as the Landlord or the Mortgagee reasonably considers advisable.
|--- | ------------------------------------------------------------------------------------------------------



Such insurance shall be in such reasonable amounts and with such reasonable deductibles as would be carried by a prudent owner of a
reasonably similar building, having regard to size, age and location.



Notwithstanding the Landlords covenant in this Section and notwithstanding any contribution by the Tenant to the cost of the Landlords insurance premiums, the Tenant acknowledges and agrees that:



|(i) | subject to Section 6.07, the Tenant is not relieved of any liability arising from or contributed to by its negligence or its willful act or omissions;
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------



|(ii) | no insurable interest is conferred upon the Tenant under any insurance policies carried by the Landlord; and
|---- | ------------------------------------------------------------------------------------------------------------



|(iii) | the Tenant has no right to receive any proceeds of any insurance policies carried by the Landlord.
|----- | --------------------------------------------------------------------------------------------------



Section 6.06 Indemnification of the Landlord



Notwithstanding any other provision of this lease, the Tenant shall indemnify the Landlord and save it harmless from all loss (including
loss of Net Rent and Additional Rent) claims, actions, damages, liability and expense in connection with loss of life, personal injury, damage to property or any other loss or injury



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whatsoever arising out of this lease, or any occurrence in, upon or at the Premises, or the occupancy or use by the Tenant of the Premises or any part
thereof, or occasioned wholly or in part by any act or omission of the Tenant or by anyone permitted to be on the Premises by the Tenant. If the Landlord shall, without fault on its part, be made a party to any litigation commenced by or against the
Tenant, then the Tenant shall protect, indemnify and hold the Landlord harmless in connection with such litigation. The Landlord may, at its option, participate in or assume carriage of any litigation or settlement discussions relating to the
foregoing, or any other matter for which the Tenant is required to indemnify the Landlord under this lease. Alternatively, the Landlord may require the Tenant to assume carriage of and responsibility for all or any part of such litigation or
discussions.



Section 6.07 Release By the Landlord



Despite any other section or clause of this Lease (except the last sentence of this
Section 6.07), the Tenant is not responsible for any part, in excess of $5,000,000.00, or the amount of liability insurance coverage available to the Tenant, whichever is the greater, of any loss or damage to property of the Landlord that is
located in, or is part of the Development caused by any of the perils for which the Landlord is required under Section 6.05 to maintain insurance. This release applies whether or not the loss or damage arises from the negligence of the Tenant.
This release does not apply, however, to damage arising from the wilful or grossly negligent acts of the Tenant.



ARTICLE VII - DAMAGE AND DESTRUCTION



Section 7.01 No Abatement



If the
Premises or Building are damaged or destroyed in whole or in part by fire or any other occurrence, this lease shall continue in full force and effect and there shall be no abatement of Rent except as provided in this Article VII.



Section 7.02 Damage to Premises



If the Premises are at any time destroyed or damaged as a result of fire or any other
casualty required to be insured against by the Landlord under this lease or otherwise insured against by the Landlord and not caused or contributed to by the Tenant, then the following provisions shall apply:



|(a) | if the Premises are rendered untenantable only in part, the Landlord shall diligently repair the Premises to the extent only of its obligations under Section 5.01 and Net Rent
shall abate proportionately to the portion of the Premises rendered untenantable from the date of destruction or damage until the Landlords repairs have been completed;
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|(b) | if the Premises are rendered wholly untenantable, the Landlord shall diligently repair the Premises to the extent only of its obligations pursuant to Section 5.01 and Net Rent
shall abate entirely from the date of destruction or damage until the Landlords repairs have been completed;
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|(c) | if the Premises are not rendered untenantable in whole or in part, the Landlord shall diligently perform such repairs to the Premises to the extent only of its obligations under
Section 5.01, but in such circumstances Net Rent shall not terminate or abate;
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|(d) | upon being notified by the Landlord that the Landlords repairs have been substantially completed, the Tenant shall diligently perform all repairs to the Premises which are the
Tenants responsibility under Section 5.02, and all other work required to fully restore the Premises for use in the Tenants business, in every case at the Tenants cost and without any contribution to such cost by the Landlord,
whether or not the Landlord has at any time made any contribution to the cost of supply, installation or construction of Leasehold Improvements in the Premises;
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|(e) | nothing in this Section shall require the Landlord to rebuild the Premises in the condition which existed before any such damage or destruction so long as the Premises as rebuilt
will have reasonably similar facilities to those in the Premises prior to such damage or destruction, having regard, however, to the age of the Building at such time; and
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|(f) | nothing in this Section shall require the Landlord to undertake any repairs having a cost in excess of the insurance proceeds actually received by the Landlord with respect to such
damage or destruction or which it would have received had the Landlord complied with its obligations pursuant to this Lease).
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Section 7.03 Right of Termination



Notwithstanding Section 7.02, if the damage or destruction which has occurred in the Premises, is restricted to the Premises, and in the reasonable opinion of
the Landlord Architectthe Premises cannot be rebuilt or made fit for the purposes of the Tenant within 90 180days of the happening of the damage or destruction, the either theLandlord or the Tenantmay, at its option, terminate this lease on notice to the otherTenant given within 30 days after the rendering of the Architects opinion as aforesaid. If such notice of
termination is given, Rent shall be apportioned and paid to the date of such damage or destruction and the Tenant, within 30 days after receipt of such notice of termination,deliver vacant possession of the Premises in accordance with the
terms of this lease.



Section 7.04 Destruction of Building or the
Development



|(a) | Notwithstanding anything contained in this lease (including, without limitation, Section 7.03), of 50% or more of the Total Rentable Area of the Building is
damaged or destroyed by any cause
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



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| | whatsoever (irrespective of whether the Premises are damaged or destroyed) and if, in the opinion of the Landlord reasonably arrived at, the Total Rentable
Area of the Building, so damaged or destroyed cannot be rebuilt or made fit for the purposes of the respective tenants of such space within 180 days of the happening of the damage or destruction; then and so often as any of such events occur, the
Landlord may at its option (to be exercised by written notice to the Tenant within 60 days following any such occurrence), elect to terminate this lease. In the case of such election, the Term and the tenancy hereby created shall expire upon the
30th day after such notice is given, without indemnity or penalty payable by, or any other recourse against the Landlord, and the Tenant shall, within such 30 day period, vacate the Premises and surrender them to the Landlord with the Landlord
having the right to re-enter and repossess the Premises discharged of this lease and to expel all Persons and remove all property therefrom. Net Rent and Additional Rent shall be due and payable without reduction or abatement subsequent to the
destruction or damage and until the date of termination, unless the Premises shall have been destroyed or damaged as well, in which event Section 7.02 shall apply.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (b) | If the Landlord is entitled to, but does not elect to terminate this lease under Section 7.04(a), the Landlord shall, following such damage or destruction, diligently repair if
necessary that part of the Building damaged or destroyed, but only to the extent of the Landlords obligations under the terms of the various leases for premises in the Building and exclusive of any tenants responsibilities with respect
to such repair. If the Landlord elects to repair the Building, the Landlord may do so in accordance with plans and specifications other than those used in the original construction of the Building.
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Section 7.05 Architects Certificate



The certificate of the Architect shall bind the parties as
to:



|(a) | the percentage of the Total Rentable Area of the Building damaged or destroyed;
|--- | -------------------------------------------------------------------------------



|(b) | whether or not the Premises are rendered untenantable and the percentage of the Premises rendered untenantable;
|--- | ---------------------------------------------------------------------------------------------------------------



|(c) | the date upon which either the Landlords or Tenants work of reconstruction or repair is completed or substantially completed and the date when the Premises are rendered
tenantable; and
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|(d) | the state of completion of any work of the Landlord or the Tenant.
|--- | ------------------------------------------------------------------



ARTICLE VIII - ASSIGNMENT, SUBLETTING AND TRANSFERS



Section 8.01 Assignments, Subleases and Transfers



The Tenant shall not enter into, consent to, or permit any Transfer without the prior written consent of the Landlord in each instance, which consent shall not be
unreasonably withheld but shall be subject to the Landlords rights under Section 8.02. Notwithstanding any statutory provision to the contrary, it shall not be considered unreasonable for the Landlord to take into account the following
factors in deciding whether to grant or withhold its consent:



|(a) | whether such Transfer is in violation or in breach of any covenants or restrictions made or granted by the Landlord to other tenants or occupants or prospective tenants or occupants
of the Building;
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|(b) | whether in the Landlords opinion, the financial background, business history and capability of the proposed Transferee is satisfactory; and
|--- | --------------------------------------------------------------------------------------------------------------------------------------------



|(c) | if the Transfer is to an existing tenant of the Landlord.
|--- | ---------------------------------------------------------



Consent by the Landlord to any Transfer if granted shall not constitute a waiver of the necessity for such consent to any subsequent Transfer. This prohibition against
Transfer shall include a prohibition against any Transfer by operation of law and no Transfer shall take place by reason of the failure of the Landlord to give notice to the Tenant within 30 days as required by Section 8.02.



Section 8.01A Related Corporation



However, notwithstanding anything to the contrary contained in Section 8.01, so long
as the Tenant is LEARNING TREE INTERNATIONAL INC. and is itself in occupation of the whole of the Premises, and has not failed or neglected to remedy or commenced to remedy any default or breach of its obligations as set out in this Lease after
notice and within the times as set forth in this Lease, the Tenant shall have the right without the consent of the Landlord, but upon prior written notice to the Landlord, to assign this Lease or sublet the whole of the Premises to: (i) a
corporate entity resulting from a merger or consolidation with the Tenant; (ii) a corporation which is an affiliate or Subsidiary body corporate of LEARNING TREE INTERNATIONAL INC. (within the meaning of the Canada Business Corporations Act)
(collectively, Permitted Assignee), but only so long as:



|(A) | such affiliate or Subsidiary body corporate remains an affiliate or Subsidiary body corporate (as the case may be) of LEARNING TREE INTERNATIONAL INC.;
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------



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|(B) | such assignee or sublessee shall be bound by the permitted use set out in Section 1.04 of this Lease; and
|--- | ---------------------------------------------------------------------------------------------------------



|(C) | The Tenant shall remain liable under this Lease and shall not be released from performing any of the terms of this Lease.
|--- | -------------------------------------------------------------------------------------------------------------------------



In the event of any further proposed Transfer, except for a subsequent Transfer back to
Learning Tree International Inc., the terms of this Lease shall prevail as if this Section 8.01A had not formed part of this Lease.



Section 8.02 Landlords Right to Terminate



If the Tenant intends to effect a Transfer, the Tenant shall give prior notice to the Landlord of such intent specifying the identity of the Transferee, the type of
Transfer contemplated, the portion of the Premises affected thereby, and the financial and other terms of the Transfer, and shall provide such financial, business or other information relating to the proposed Transferee and its principals as the
Landlord or any Mortgagee requires, together with copies of any documents which record the particulars of the proposed Transfer. The Landlord shall, within 14 days after having received such notice and all requested information, notify the
Tenant in writingeither that:



|(a) | it consents or does not consent to the Transfer in accordance with the provisions and qualifications of this Article VIII; or
|--- | -----------------------------------------------------------------------------------------------------------------------------



|(b) | it elects to cancel this lease as to the whole or part, as the case may be, of the Premises affected by the proposed Transfer, in preference to giving such consent.
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------



If the Landlord elects to terminate this lease it shall
stipulate in its notice the termination date of this lease, which date shall be no less than 30 days nor more than 90 days following the giving of such notice of termination. Failure by the Landlord to deliver such notice to the Tenant of the
Landlords election to terminate this Lease shall be deemed to be a waiver by the Landlord of its right to terminate this Lease.If the Landlord elects to terminate this lease, the Tenant shall notify the Landlord within 10 days thereafter
of the Tenants intention either to refrain from such Transfer or to accept termination of this lease or the portion thereof in respect of which the Landlord has exercised its rights. If the Tenant fails to deliver such notice within such 10
days or notifies the Landlord that it accepts the Landlords termination, this lease will as to the whole or affected part of the Premises, as the case may be, be terminated on the date of termination stipulated by the Landlord in its notice of
termination. If the Tenant notifies the Landlord within 10 days that it intends to refrain from such Transfer, then the Landlords election to terminate this lease shall become void.



Section 8.03 Conditions of Transfer



|(a) | If there is a permitted Transfer, the Landlord may collect rent from the Transferee and apply the net amount collected to the Rent payable under this lease but no acceptance by the
Landlord of any payments by a Transferee shall be deemed a waiver of the Tenants covenants or any acceptance of the Transferee as tenant or a release from the Tenant from the further performance by the Tenant of its obligations under this
lease. Any consent by the Landlord shall be subject to the Tenant and Transferee executing an agreement with the Landlord agreeing that the Transferee will be bound by all of the terms of this lease and, except in the case of a sublease, that the
Transferee will be so bound as if it had originally executed this lease as tenant; and
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|(b) | Notwithstanding any Transfer permitted or consented to by the Landlord, the Tenant shall remain liable under this lease and shall not be released from performing any of the terms of
this lease.
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|(c) | The Landlords consent to any Transfer shall be subject to the condition that:
|--- | ------------------------------------------------------------------------------



| | (i) | the net and additional rent payable by the Transferee shall not be less than the current rental rate charged by the Landlord for similar premises in the buildingas at the
effective date of the Transfer, and
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (ii) | if the net and additional rent to be paid by the Transferee under such Transfer exceeds the Rent payable under this Lease: (a) the Tenant shall deduct from such excess (the
Excess) the Tenants out-of-pocket costs (the Costs) associated with such Transfer, including brokerage fees, legal fees, financial inducements paid by the Tenant to the Transferee and the Tenants cost of
constructing Leasehold Improvements on behalf of the Transferee; and (b) fifty percent (50%) of the difference between the Excess and the Coststhe amount of such excess shall be paid by the Tenant to the Landlord. If
the Tenant receives from any Transferee, either directly or indirectly, any consideration other than rent or additional rent for such Transfer, either in the form of cash, goods or services (other than the proceeds of any financing as the result of
a Transfer involving a mortgage, charge or similar security interest in this lease) the Tenant shall forthwith pay to the Landlord an amount equivalent to such consideration. The Tenant and the Transferee shall execute any agreement required by the
Landlord to give effect to the foregoing terms.
| | ---- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|(d) | Notwithstanding the effective date of any permitted Transfer as between the Tenant and the Transferee, all Rent for the month in which such effective date occurs shall be paid in
advance by the Tenant so that the Landlord will not be required to accept partial payments of Rent for such month from either the Tenant or Transferee.
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



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|(e) | Any document evidencing any Transfer permitted by the Landlord, or setting out any terms applicable to such Transfer or the rights and obligations of the Tenant or Transferee
thereunder, shall be prepared by the Landlord or its solicitors and all associated legal costs shall be paid by the Tenant.
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Section 8.04 Change of Control



If the Tenant is at any time a corporation or partnership, any actual or proposed Change of Control in such corporation or partnership shall be deemed to be a Transfer
and subject to all of the provisions of this Article VIII. The Tenant shall make available to the Landlord or its representatives the Tenants shareholder ledgerfor inspection at all reasonable times, in order to ascertain whether any
Change of Control has occurred.



Section 8.05 No Advertising



The Tenant shall not advertise that the whole or any part of the Premises
are available for a Transfer and shall not permit any broker or other Person to do so unless the text and format of such advertisement is approved in writing by the Landlord. No such advertisement shall contain any reference to the rental rate of
the Premises.



Section 8.06 Assignment By Landlord



The Landlord shall have the unrestricted right to sell, lease, convey or otherwise dispose
of all or any part of the Building or Lands or this lease or any interest of the Landlord in this lease. To the extent that the purchaser or assignee from the Landlord assumes the obligations of the Landlord under this lease, the Landlord shall
thereupon and without further agreement be released from all liability under this lease.



ARTICLE IX  DEFAULT



Section 9.01 Default and Remedies



If and whenever an
Event of Default occurs, then without prejudice to any other rights which it has pursuant to this lease or at law, the Landlord shall have the following rights and remedies, which are cumulative and not alternative:



|(a) | to terminate this lease by notice to the Tenant;
|--- | ------------------------------------------------



|(b) | to enter the Premises as agent of the Tenant and to relet the Premises for whatever term, and on such terms as the Landlord in its discretion may determine and to receive the rent
therefor and as agent of the Tenant to take possession of any property of the Tenant on the Premises, to store such property at the expense and risk of the Tenant or to sell or otherwise dispose of such property in such manner as the Landlord may
see fit without notice to the Tenant; to make alterations to the Premises to facilitate their reletting; and to apply the proceeds of any such sale or reletting first, to the payment of any expenses incurred by the Landlord with respect to any such
reletting or sale; second, to the payment of any indebtedness of the Tenant to the Landlord other than rent; and third, to the payment of Rent in arrears; with the residue to be held by the Landlord and applied in payment of future Rent as it
becomes due and payable. The Tenant shall remain liable for any deficiency to the Landlord;
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|(c) | to remedy or attempt to remedy any default of the Tenant under this lease for the account of the Tenant and to enter upon the Premises for such purposes. No notice of the
Landlords intention to perform such covenants need be given the Tenant unless expressly required by this lease. The Landlord shall not be liable to the Tenant for any loss, injury or damage caused by acts of the Landlord in remedying or
attempting to remedy such default and the Tenant shall pay to the Landlord all expenses incurred by the Landlord in connection with remedying or attempting to remedy such default;
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|(d) | to recover from the Tenant all damages, and expenses incurred by the Landlord as a result of any breach by the Tenant including, if the Landlord terminates this lease, any
deficiency between those amounts which would have been payable by the Tenant for the portion of the Term following such termination and the net amounts actually received by the Landlord during such period of time with respect to the Premises; and
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|(e) | to recover from the Tenant the full amount of the current months Rent together with the next 3 months instalments of Rent, all of which shall accrue on a day-to-day
basis and shall immediately become due and payable as accelerated rent.
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|(f) | if this lease has been terminated in accordance with Section 9.01(a), to recover from the Tenant the unamortized portion of any leasehold improvement allowance or
inducement paid by the Landlord under the terms of this lease calculated from the date which is the later of the date of payment by the Landlord or the Commencement Date and reducing on a straight line basis to zero over the initial Term.
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



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Section 9.02 Distress



Notwithstanding any provision of this lease or any provision of applicable legislation, none of the goods and chattels of the Tenant on the
Premises at any time during the Term shall be exempt from levy by distress for Rent in arrears, and the Tenant waives any such exemption. If the Landlord makes any claim against the goods and chattels of the Tenant by way of distress, this provision
may be pleaded as an estoppel against the Tenant in any action brought to test the right of the Landlord to levy such distress.



Section 9.03 Costs



The Tenant shall pay to the Landlord all damages and costs (including, without limitation, all legal fees on a solicitor and his client basis) incurred by the Landlord in enforcing the terms of this lease, or with
respect to any matter or thing which is the obligation of the Tenant under this lease, or in respect of which the Tenant has agreed to insure, or to indemnify the Landlord.



Section 9.04 Allocation of Payments



The Landlord may at its option apply sums received from the Tenant against any amounts due and payable by the Tenant under this lease in such manner as the Landlord sees
fit.



Section 9.05 Survival of Obligations



If the Tenant has failed to fulfil its obligations under this lease with respect to the
maintenance, repair and alteration of the Premises and removal of improvements and fixtures from the Premises during or at the end of the Term, such obligations and the Landlords rights in respect thereto shall remain in full force and effect
notwithstanding the expiration or sooner termination of the Term.



ARTICLE X - STATUS STATEMENT, ATTORNMENT AND SUBORDINATION



Section 10.01 Status Statement



Within 10 days after
written request by the Landlord, the Tenant shall deliver in a form supplied by the Landlord a statement or estoppel certificate to the Landlord as to the status of this lease, including as to whether this lease is unmodified and in full force and
effect (or, if there have been modifications that this lease is in full force and effect as modified and identifying the modification agreements); the amount of Net Rent and Additional Rent then being paid and the dates to which same have been paid;
whether or not there is any existing or alleged default by either party with respect to which a notice of default has been served and if there is any such default, specifying the nature and extent thereof; and any other matters pertaining to this
lease as to which the Landlord shall request such statement or certificate.



Section 10.02 Subordination



This lease and all rights of
the Tenant shall be subject and subordinate to any and all Mortgages and any ground, operating, overriding or underlying leases, from time to time in existence against the Lands and Building. On request, the Tenant shall subordinate this lease and
its rights under this lease to any and all such Mortgages and leases and to all advances made under such Mortgages. The form of such subordination shall be as required by the Landlord or any Mortgagee or the lessee under any such lease. On
written request of the Tenant, the Landlord shall use its reasonable best efforts to obtain a non-disturbance agreement in favour of the Tenant from any Mortgagee and/or holders of underlying leases and the Tenant shall be responsible for all
reasonable costs and charges incurred by the Landlord in connection therewith.



Section 10.03 Attornment



The Tenant shall promptly, on
request, attorn to any Mortgagee, or to the owners of the Building and Lands, or the lessor under any ground, operating, overriding, underlying or similar lease of all or substantially all of the Building made by the Landlord or otherwise affecting
the Building and Lands, or the purchaser on any foreclosure or sale proceedings taken under any Mortgage, and shall recognize such Mortgagee owner, lessor or purchaser as the Landlord under this lease.



Section 10.04 Execution of Documents  Intentionally deleted



ARTICLE XI - GENERAL PROVISIONS



Section 11.01 Rules and Regulations



The Tenant shall comply with all Rules and Regulations, and amendments thereto, adopted by
the Landlord from time to time including those set out in Schedule D. Such Rules and Regulations may differentiate between different types of businesses in the Building, and the Landlord shall have no obligation to enforce any Rule or
Regulation or the provisions of any other lease against any other tenant, and the Landlord shall have no liability to the Tenant with respect thereto.



Section 11.02 Delay



Except as expressly provided in this lease, whenever the Landlord or Tenant is delayed in the fulfilment of any obligation under this lease (other than the payment of
Rent and surrender of the Premises on termination) by an unavoidable occurrence which is not the fault of the party delayed in performing such obligation, then the time for fulfilment of such obligation shall be extended during the period in which
such circumstances operate to delay the fulfilment of such obligation.



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Section 11.03 Overholding



If the Tenant remains in possession of the Premises after the end of the Term with the consent of the Landlord but without having executed
and delivered a new lease or an agreement extending the Term, there shall be no tacit renewal of this lease, and the Tenant shall be deemed to be occupying the Premises as a Tenant from month to month at a monthly Net Rent payable in advance on the
first day of each month equal to one and a half timesthe monthly amount of Net Rent payable during the last month of the Term, and otherwise upon the same terms as are set forth in this lease, so far as these are applicable to a monthly
tenancy.



Section 11.04 Waiver



If either the Landlord or Tenant excuses or condones any default by the other of any
obligation under this lease, no waiver of such obligation shall be implied in respect of any continuing or subsequent default.



Section 11.05 Registration



Neither the Tenant nor anyone claiming under the Tenant shall register this lease or any Transfer without the prior written consent of the Landlord. If
the Tenant or any permitted Transferee wishes to register a document for the purposes of giving notice of this lease or a Transfer, then the Landlord shall, at the request and expense of the Tenant, execute a notice, caveat or short form of lease
for the purposes of registration in such form as approved by the Landlord and without disclosure of any terms which the Landlord does not desire to have disclosed. If the Lands comprise more than one parcel of land, the Landlord may direct the
Tenant or Transferee as to the parcel or parcels against which registration may be effected.



Section 11.06 Notices



Any notice,
consent or other instrument which may be or is required to be given under this lease shall be in writing and shall be delivered in person or sent by registered mail postage prepaid, addressed: (a) if to the Landlord: c/o The Cadillac Fairview
Corporation Limited, 20 Queen Street West, 5th Floor, Toronto, Ontario, M5H 3R4, Attention: Executive Vice President, Property Management, with a copy to the Building Manager, and (b) if to the Tenant, at the Premises, with a copy to
Learning Tree International Inc., 160 Elgin Street, 23rdFloor, Ottawa, Ontario K2P 2N8 Attention:
Comptroller.Any such notice or other instrument shall be deemed to have been given and received on the day upon which personal delivery is made or, if mailed, then 48 hours following
the date of mailing. Either party may give notice to the other of any change of address and after the giving of such notice, the address therein specified is deemed to be the address of such party for the giving of notices. If postal service is
interrupted or substantially delayed, all notices or other instruments shall be delivered in person.



Section 11.07 Successors



The
rights and liabilities created by this lease extend to and bind the successors and assigns of the Landlord and the heirs, executors, administrators and permitted successors and assigns of the Tenant. No rights, however, shall enure to the benefit of
any Transferee unless the provisions of Article VIII are complied with.



Section 11.08 Joint and Several Liability



If there is at
any time more than one Tenant or more than one Person constituting the Tenant, their covenants shall be considered to be joint and several and shall apply to each and every one of them. If the Tenant is or becomes a partnership, each Person who is a
member, or shall become a member, of such partnership or its successors shall be and continue to be jointly and severally liable for the performance of all covenants of the Tenant pursuant to this lease, whether or not such Person ceases to be a
member of such partnership or its successor.



Section 11.09 Captions
and Section Numbers



The captions, section numbers, article numbers and
table of contents appearing in this lease are inserted only as a matter of convenience and in no way affect the substance of this lease.



Section 11.10 Extended Meanings



The words hereof, hereto and hereunder and similar expressions used in this lease relate to the whole of this lease and not only to
the provisions in which such expressions appear. This lease shall be read with all changes in number and gender as may be appropriate or required by the context. Any reference to the Tenant includes, where the context allows, the employees, agents,
invitees and licensees of the Tenant and all others over whom the Tenant might reasonably be expected to exercise control.



Section 11.11 Partial Invalidity



All of the provisions of this lease are to be construed as covenants even though not expressed as such. If any such provision is held or rendered illegal or unenforceable
it shall be considered separate and severable from this lease and the remaining provisions of this lease shall remain in force and bind the parties as though the illegal or unenforceable provision had never been included in this lease.



Section 11.12 Entire Agreement



This lease and the Schedules and riders, if any, attached hereto, and the Landlords
leasehold improvement manual, set forth the entire agreement between the Landlord and Tenant concerning the



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Premises and there are no agreements or understandings between them other than as are herein set forth. Subject to Section 11.01, this lease and its
Schedules and riders may not be modified except by agreement in writing executed by the Landlord and Tenant.



Section 11.13 Governing Law



This
lease shall be construed in accordance with and governed by the laws of the Province of Ontario.



Section 11.14 Time of the Essence



Time is of the essence of this lease.



Section 11.15 Head
Lease



The Tenant acknowledges that the Landlord is a lessee of all or
part of the Lands under a ground lease registered in the Land Registry Office for the Land Titles Division of Metropolitan Toronto (NO. 66). The Landlord represents and warrants that it has full authority, for the Term of this Lease, to enter
into this Lease.



Section 11.16 Quiet Enjoyment



If the Tenant pays Rent, fully performs all of its obligations under this lease, and there
has been no Event of Default, the Tenant shall be entitled to peaceful and quiet enjoyment of the Premises for the Term without interruption or interference by the Landlord or any Person claiming through the Landlord.



Section 11.17 Rent Free Period



Notwithstanding the provisions of Sections 2.01, 2.02, 2.03, 2.04, 2.05, 2.06 and 2.08
and provided this Lease has been executed in a form acceptable to the Landlord, and the Tenant is in possession of and conducting its business in the Premises, the Tenant shall have a one-time rent free period (the Rent Free Period) of
61 days from and including the Commencement Date. During the Rent Free Period, the Tenant shall not be obligated to pay Net Rent or Tenants Proportionate Share of Taxes and Operating Costs. However, the Tenant shall be responsible for the
payment of all other Additional Rent payable under the terms of this Lease, including but not limited to: insurance, utilities and the cost of operating the climate control equipment outside of Normal Business Hours pursuant to Section 3.01
hereof.



Section 11.18 Space Planning



The Landlord acknowledges that the Tenant has engaged a space planner to complete a
preliminary space plan of the Premises (plus one revision. The Landlord shall pay to the space planner the cost of such preliminary space plan (and one revision) to a maximum amount of Seven Cents ($0.07) per square foot of the Rentable Area of the
Premises.



Section 11.19 Landlords Work



The Landlord shall provide, build or install the following base Building standard items
in the Premises (and the Landlord shall use reasonable efforts to substantially complete such work by May 31, 2000), at its sole cost and expense:



|(a) | existing floor to be made good and smooth, ready to accept Tenants new carpet or floor coverings;
|--- | --------------------------------------------------------------------------------------------------



|(b) | replace or repair all damaged, disfigured or discolored ceiling tiles or T-bars such that they are like new. Minimum ceiling height requirement is 8-6;
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------



|(c) | prime painted perimeter drywall walls and columns ready for Tenant finishes. Demising walls or columns to be taped, sanded and ready for Tenant finishes. Any Tenant demising
partitions shall be constructed as required by the Ontario Building Code;
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|(d) | Building standard lighting throughout the Premises. Such lighting shall include relocatable overhead lay-in light fixtures with acrylic lenses, in base Building layout. All
lenses are to be cleaned and free of dust and debris;
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|(e) | base Building sprinkler distribution located within the ceiling plenum to provide sufficient coverage for an open floor plan. All additional sprinklers shall be at Tenants
cost;
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|(f) | climate control system of sufficient capacity for general office use during the hours specified in Section 3.01(a). All climate control equipment will be in accordance with
base Building standards;
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|(g) | Floor electrical panels (i.e. approximately 168 circuits) and power source (i.e. 2 X 45KVA transformers) to be supplied to the Tenant as is;
|--- | --------------------------------------------------------------------------------------------------------------------------------------------



|(h) | telephone cabling provided in the Landlords telephone room in the core of the Building;
|--- | ----------------------------------------------------------------------------------------



|(i) | mens and womens washrooms which are adequate for office use with finishes upgraded to the Landlords new Building standard finishes. Any additional washrooms
required by Ontario Building Code to meet the Tenants needs are to be supplied by the Tenant at the Tenants expense;
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



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|(j) | basic venetian blinds on all typical floor windows to be cleaned and reconditioned to Building standard;
|--- | --------------------------------------------------------------------------------------------------------



|(k) | card access system for the lobby entrance of the Building. Tenant shall have the opportunity, at the Tenants cost, to connect Tenants security system with Building
security for monitoring and card access. Such work shall be performed at Tenants cost by a contractor approved by the Landlord;
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|(l) | entrance doors to Premises shall be full height Building standard entrance doors or an equivalent credit including locking hardware or an equivalent credit to be applied to the
first Rents due under this Lease. Should any assembly use require panic hardware on stairwell doors, the Landlord agrees to provide and install same at the Tenants cost;
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|(m) | Tenant shall be permitted to use a portion of the mechanical floor (approximately 100 square feet) for installing a dedicated ventilation air handling unit with a dedicated duct
located within a return air shaft delivering this ventilated air to the Premises, all at the Tenants cost. Maintenance of said unit shall be at the Tenants cost;
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|(n) | The Tenants requirement for condenser water is approximately 50 USGPM at 10 degrees Fahrenheit temperature differential. If the base Building condenser water system needs
to be upgraded to achieve the Tenants requirements, the Tenant will be required to pay its fair share of the cost of such upgrade, such amount not to exceed $30,000.
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Section 11.20 Tenants Work



The Tenant shall, at its sole expense, in accordance with the tenant leasehold
improvement manual provided by the Landlord, perform all the work and provide all the necessary material and equipment to fit up the Premises with such Leasehold Improvements to render the Premises complete and to permit the Tenant to occupy the
Premises. The Tenant shall pay to the Landlord on the Commencement Date a supervision fee equal to $0.50 per square foot of the Rentable Area of the Premises and an administration fee for any subsequent work done by or on behalf of the Tenant during
the Term. A list of pre-approved contractors and professionals is to be supplied by the Landlord.



The Tenant shall obtain the Landlords approval in writing of its plans and specifications, which approval shall not be unreasonably withheld, before commencing the Tenants Work.



Section 11.21 Option to Extend Term



Provided that:



|1. | the Tenant is not then in default under the terms of this Lease and has not been habitually late in the payment of Rent;
|-- | ------------------------------------------------------------------------------------------------------------------------



|2. | the Tenant has given written notice (the Notice) to the Landlord no more than twelve (12) months and no less than nine (9) months prior to the expiration of
the initial Term of its intention to exercise the within option to extend; and
|-- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|3. | so long as the Tenant is LEARNING TREE INTERNATIONAL INC., or a Permitted Assignee (as defined in Section 8.01A) and is itself in possession of and conducting its business
in the whole of the Premises in accordance with the terms of this Lease, then
|-- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



the Landlord will grant to the Tenant (or a Permitted Assignee) the right to extend the Term of the Lease for the Premises (as they exist at the time the Notice is delivered to the Landlord) on an as is
basis for a further period of Five (5) years (the Extension of Term) commencing upon the expiration of the initial Term, and such Extension of Term shall be upon the same terms and conditions as during the Term, save and except:
(a) there shall be no further right to extend the Term, (b) there will be no inducement or leasehold improvement allowance payable to the Tenant, (c) there will be no rent free period, and (d) the rental rate will be fair market
net rental for similar premises in a similar building in the surrounding area (taking into account all economic inducements) at the time of the exercise by the Tenant of the within option to extend (the Extension Rent).



If the Landlord and Tenant are unable to agree on the Extension Rent ninety
(90) days prior the expiry of the Term, the matter shall be submitted to binding arbitration, whereupon each party shall at once appoint an arbitrator and such appointees shall appoint a third. The decision of any two of the arbitrators so
appointed as to the Extension Rent shall be final and binding upon the parties hereto, who covenant that their dispute shall be so decided by arbitration alone within sixty (60) days and not by recourse to any court or action of law. In
rendering this decision the arbitrators shall have regard to the guidelines for establishing Extension Rent set out above. The aforesaid arbitration shall be carried out pursuant to the provisions of the Arbitrations Act, R.S.O. 1990, c.A.24, as
amended or replaced.



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The parties shall enter into an extension agreement in order to give effect to the Extension of Term and the revised
rental but the Tenant shall be deemed to have exercised the option to extend on the terms referred to above whether or not such lease extension agreement is executed.



In the event the Term of Lease is extended pursuant to this clause, the Tenant covenants and agrees that there shall be no further right
to extend the Term. If the Tenant fails to give the appropriate notice within the time limit set out herein for extending the Term then this option to extend shall be null and void and of no further force or effect. If the Tenant gives such
appropriate notice within the time limit set out herein for extending the Term it will forthwith execute the documentation submitted by the Landlord as hereinbefore set out.



Section 11.22 Expansion Option



Provided the Tenant is not in default, the Landlord hereby grants to the Tenant the option to lease in an as is condition any vacant premises adjoining the
Premises, either on the 10thfloor or the floors immediately above or below the 10thfloor (collectively, the Expansion Space) at any time(s) during the Term or any extension or renewal thereof. If and when the Expansion
Space, or a part thereof, becomes vacant or the Landlord becomes aware that the Expansion Space, or a part thereof, will become available for lease, the Landlord shall deliver to the Tenant written notice setting out that the Expansion Space is
vacant, or if the Expansion Space is not then vacant, the date the Expansion Space will become vacant and whether all or part of the Expansion Space is available for lease by the Tenant, provided that the Landlord shall not give notice hereunder
earlier than 45 days 6 months prior to the date the Expansion Space or any part thereof is to become vacant. If the Tenant elects to lease the Expansion Space which is the subject of the Landlords notice, the Tenant shall deliver written
notice to the Landlord of its intention to do so within five (5) fourteen (14) days of receipt of the Landlords notice. The parties hereto shall enter into a lease amending agreement on the same terms as this Lease, and coterminous
with this Lease, except that:



|(a) | the term for the Expansion Space shall commence on the later of: (i) 30 days after the date of the Tenants notice; or (ii) the date the Expansion Space became
vacant or will become vacant as set out in the above-mentioned notice from the Landlord; and
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|(b) | the Landlord will provide the Expansion Space in base Building condition and there will be no additional Landlords Work or Rent free period, and the net rent will be in
accordance with the Landlords rental schedule for office space in the Building as of the commencement date for the Expansion Space, which shall be equal to the fair market rent for similar space for similar buildings located in the vicinity of
the Building.
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



It is understood and agreed that any
renewal or extension of any existing tenant in the Expansion Space, whether by option or otherwise, will not trigger this expansion option.



The Tenant shall not have the right to assign this expansion option pursuant to this Section 11.22 except in conjunction with a permitted assignment of all of its
rights under the Lease.



Section 11.23 Parking



The Landlord agrees to make available to the Tenant during the Term, ten
(10) unreserved parking spaces in the Dundas Parkade in the Development. The Tenant shall pay parking fees to the Landlord (or to the parking operator if the Landlord so directs) throughout the Term at the prevailing rates being charged for
parking permits in the parking facility, from time to time. The current rate is $210.00 per permit per month. Each such payment shall be made in advance on the first day of each month throughout the Term. The use of each parking permit by the Tenant
is subject to the following:



|(a) | the parking permits are for the use of Ten (10) vehicles, with 1 vehicle designated by the Tenant for each permit and accordingly the Tenant will be issued with Ten
(10) parking permits by the Landlord or the parking operator;
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|(b) | the Landlord reserves the right to make such Rules and Regulations with respect to the use of the parking facility provided for the Building as the Landlord deems advisable from
time to time;
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|(c) | the use by the Tenant of the parking facility is subject to the exclusive control of the Landlord;
|--- | --------------------------------------------------------------------------------------------------



|(d) | the Tenant shall use the parking facility at its sole risk; and
|--- | ---------------------------------------------------------------



|(e) | the Tenant shall give one calendar month prior written notice if it requires an increase or decrease in the number of parking permits at any given time (subject to the maximum
number of parking spaces set out above), and permits must be used from the first day of a calendar month to the last day of a calendar month; and
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|(f) | use of the parking facility after Normal Business Hours shall be on a first come, first served basis.
|--- | -----------------------------------------------------------------------------------------------------



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Section 11.24 Right of First Refusal



Provided that:



|(a) | the Tenant is not then and has not been in default under this Lease; and
|--- | ------------------------------------------------------------------------



|(b) | the Tenant is LEARNING TREE INTERNATIONAL INC. and is itself in possession of the whole of the Premises, then
|--- | -------------------------------------------------------------------------------------------------------------



the Tenant shall have an ongoing right of first refusal to lease the portion of the 10th
floor of the Building shown crosshatched in intersecting lines on Schedule B (the First Refusal Premises), comprising approximately 2,500 square feet of Rentable Area on the terms hereinafter set forth:



|(i) | Any First Refusal Premises offered on each occasion to the Tenant under this right of first refusal are to be dealt with as a whole.
|--- | ------------------------------------------------------------------------------------------------------------------------------------



|(ii) | The Landlord shall, upon receipt of any bona fide offer to lease (the Offer) from any third party of any part of the First Refusal Premises, which the Landlord is
prepared to accept, deliver to the Tenant written notice (the First Refusal Notice) containing the terms and conditions of the Offer. The Tenant acknowledges that this right of first refusal will not be triggered by a request by any
tenant in any part of the First Refusal Premises for the Landlords consent to an assignment, subletting or other parting with possession or with respect to a renewal or extension of the lease by an existing tenant or its assignee. The Tenant
shall have the right, within three (3) business days of its receipt of the First Refusal Notice from the Landlord, to elect, by written notice to the Landlord within such three (3) business day period, to lease the First Refusal Premises.
If the Tenant exercises such option, the Landlord shall lease to the Tenant such First Refusal Premises on the same terms and conditions as contained in this Lease and coterminous with the Lease, except that the Tenant shall accept the First Refusal
Premises in base Building condition without any additional Landlords Work or Rent free period, and the Net Rent with respect to the First Refusal Premises shall be in accordance with the Landlords rental schedule for the Building as of
the date of the First Refusal Notice, which shall be fair market rent for similar space in similar buildings in the vicinity of the Building. If the Tenant does not so elect within such time, the Landlord shall be free to accept the Offer and if
such Offer is not accepted, the Tenant shall have a further right of first refusal (on the terms set out herein) in connection with any subsequent offer to lease.
|---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|(iii) | If the Tenant exercises the foregoing right of first refusal, the First Refusal Premises shall become part of the Premises and Rent shall commence and accrue with respect to such
First Refusal Premises on the possession date set out in the Offer.
|----- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Section 11.25 Restrictive Covenant



So long as the
Tenant is LEARNING TREE INTERNATIONAL INC. or a Permitted Transferee and is itself in occupation of and carrying on business in the whole of the Premises, the Tenant expressly acknowledging and agreeing that this Section 11.25 is personal to
the Tenant or the Permitted Transferee, then during the Term of this Lease, and any renewal or extension thereof, the Landlord will not lease or permit to be occupied any other office premises on the 2nd to and including 14th floors of the Building
for the purpose of a computer training facility operated by PPI, Learnix/TMI, Learnquest/Executrain, PBSC, GP Learning, CDI Corporate Education Services or GeoTrain/Global Knowledge Network.



It is further understood that the Landlord is not obligated to enforce the aforementioned
covenant against any Person if by so doing it shall be in breach of any laws, rules or regulations from time to time in force, and no provision of this Lease is intended to apply or to be enforceable to the extent that it would give rise to any
offence under the Competition Act (Canada), or any statute that may be substituted therefor, as from time to time amended. Provided further that as the aforementioned covenant has been granted only at the Tenants request, the Tenant shall
indemnify and hold the Landlord harmless from any loss, injury or damage suffered by the Landlord as a result of breaching any such legislation as aforesaid, including all expenses incurred in connection with any claims, actions or proceedings
brought with respect thereto, whether of a criminal or civil nature, and will reimburse the Landlord for any and all costs or expenses incurred in connection with any enforcement of this covenant by the Landlord, including legal fees on a solicitor
and his client basis.



IN WITNESS WHEREOF
the Landlord and Tenant have signed this lease under seal.



T.E.C. LEASEHOLDS LIMITED(Landlord)Per:

/s/ Ellen WilliamsonAuthorized SignaturePer:

/s/ Tony GrossiAuthorized Signature




---

LEARNING TREE INTERNATIONAL INC.(Tenant)Per:

/s/ David BookerAuthorized SignaturePer:

/s/ Scott G. ElliottAuthorized SignatureI/We have authority to bind the corporation




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SCHEDULE A - LEGAL DESCRIPTION OF LANDS



FREEHOLD PARCEL



The whole of Parcel 1-14 in the Register for Section A-2-A, comprising Units 4 and 5 according to Plan D-282.



SCHEDULE C - DEFINITIONS



In this lease and in the Schedules to this lease:



|1. | Additional Rent means all sums of money required to be paid by the Tenant under this lease (except Net Rent) whether or not the same are designated
Additional Rent or are payable to the Landlord or otherwise.
|-- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|2. | Alterations means all repairs, replacements, improvements or alterations to the Premises by the Tenant.
|-- | ---------------------------------------------------------------------------------------------------------



|3. | Architect means the architect from time to time named by the Landlord.
|-- | ------------------------------------------------------------------------



|4. | Building means the multi-storey building known municipally as 1 Dundas Street West, Toronto, Ontario from and including the ground floor of such Building to and
including the roof thereof and including all premises rented or intended to be rented therein, whether for office, retail, cafeteria, banking or other purposes, but excluding the ground floor premises rented or intended for renting for retail and/or
banking purposes; and facilities serving the Building or having utility in connection therewith, as determined by the Landlord, whether or not located directly under the Building, which areas and facilities may include, without limitation, internal
malls, sidewalks and plazas, exhibit areas, storage and mechanical areas, janitor rooms, mail rooms, telephone, mechanical and electrical rooms, stairways, escalators, elevators, truck and receiving areas, driveways, parking facilities, loading
docks and corridors.
|-- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|5. | Business Tax means all taxes (whether imposed on the Landlord or Tenant) attributable to the personal property, trade fixtures, business, income, occupancy or
sales of the Tenant or any other occupancy of the Premises and to any Leasehold Improvements installed in the Premises and to the use of the Building or Lands by the Tenant.
|-- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|6. | Capital Tax is an amount determined by multiplying each of the Applicable Rates by the Building Capital and totalling the products.
Building Capital is the amount of capital which the Landlord determines, without duplication, is invested from time to time by the Landlord, the owners, or all of them, in doing all or any of the following: acquiring, developing,
expanding, redeveloping and improving the Lands and Building. Building Capital will not be increased by any financing or refinancing except to the extent that the proceeds are invested directly as Building Capital. An Applicable Rate is
the capital tax rate specified from time to time under any statute of Canada and any statute of the Province of Ontario which imposes a tax in respect of the capital of corporations. Each Applicable Rate will be considered to be the rate that would
apply if none of the Landlord or the owners employed capital outside of the Province of Ontario.
|-- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|7. | Change of Control means, in the case of any corporation or partnership, the transfer or issue by sale, assignment, subscription, transmission on death, mortgage,
charge, security interest, operation of law or otherwise, of any shares, voting rights or interest which would result in any change in the effective control of such corporation or partnership unless such change occurs as a result of trading in the
shares of a corporation listed on a recognized stock exchange in Canada or the United States. and then only so long as the Landlord receives assurances reasonably satisfactory to it that there will be a continuity of management and of the
business practices of such corporation notwithstanding such Change of Control.
|-- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|8. | Commencement Date means the date on which the Term commences under Section 1.02.
|-- | ----------------------------------------------------------------------------------



|9. | Development means the Lands more particularly described in Schedule A attached to this lease or as such Lands may be altered, expanded or reduced from
time to time, and the improvements, buildings, equipment and facilities erected thereon or situate from time to time therein, and located within a portion of the area approximately bounded by Dundas Street, Queen Street, Yonge Street and Bay Street,
in the City of Toronto, Province of Ontario. The Development includes those areas designated or intended by the Landlord to be leased for office, retail, service and storage purposes, and those areas not so designated or intended, and all
non-leasable areas, parking facilities and the shared common areas and facilities of the Development. The Development is known generally as Toronto Eaton Centre or The Eaton Centre.
|-- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|10. | An Event of Default shall occur whenever:
|--- | -------------------------------------------



| | (a) | any Rent is in arrears and is not paid within 5 days after written demand by the Landlord;
| | --- | ------------------------------------------------------------------------------------------



- 20 -



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| | (b) | the Tenant has breached any of its obligations in this lease (other than the payment of Rent) and:
| | --- | --------------------------------------------------------------------------------------------------



| | (i) | fails to remedy such breach within 15 days (or such shorter period as may be provided in this lease); or,
| | --- | ---------------------------------------------------------------------------------------------------------



| | (ii) | if such breach cannot be reasonably remedied within 15 days or such shorter period, the Tenant fails to commence to remedy such breach within such 15 days or shorter period or
thereafter fails to proceed diligently to remedy such breach;
| | ---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



in either case after notice in writing from the Landlord;



| | (c) | the Tenant or any Indemnifier becomes bankrupt or insolvent or takes the benefit of any statute for bankrupt or insolvent debtors or makes any proposal, assignment or arrangement
with its creditors, or any steps are taken or proceedings commenced by any Person for the dissolution, winding-up or other termination of the Tenants existence or the liquidation of its assets;
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (d) | a trustee, receiver, receiver/manager or like Person is appointed with respect to the business or assets of the Tenant or any Indemnifier;
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------



| | (e) | the Tenant makes a sale in bulk of all or a substantial portion of its assets other than in conjunction with a Transfer approved by the Landlord;
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------



| | (f) | this lease or any of the Tenants assets are taken under a writ of execution;
| | --- | -----------------------------------------------------------------------------



| | (g) | the Tenant purports to make a Transfer other than in compliance with the provisions of this lease;
| | --- | --------------------------------------------------------------------------------------------------



| | (h) | the Tenant abandons or attempts to abandon the Premises or disposes of its goods so that there would not after such disposal be sufficient goods of the Tenant on the Premises
subject to distress to satisfy Rent for at least 3 months, or the Premises become vacant and unoccupied for a period of 10 consecutive days or more without the consent of the Landlord;
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (i) | any insurance policies covering any part of the Building or any occupant thereof are actually or threatened to be cancelled or adversely changed as a result of any use or occupancy
of the Premises; or,
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (j) | if an Event of Default as defined in this paragraph occurs with respect to any lease or agreement under which the Tenant occupies other premises in the Building.
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------



|11. | Fiscal Year means (i) the period of time commencing on the Commencement Date and ending on the last day of the next ensuing October; and (ii) thereafter
the period of time commencing on the first day of November and ending on the last day of the next ensuing October, or (iii) the fiscal period designated by the Landlord from time to time.
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|12. | Indemnifier means the Person, if any, who has executed or agreed to execute the Indemnity Agreement attached to this Lease as Schedule E, or any other
indemnity agreement in favour of the Landlord.
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|13. | Landlord means the party named as landlord on the first page of this lease and those for whom it is responsible in law.
|--- | -------------------------------------------------------------------------------------------------------------------------



|14. | Lands means the lands situated in the City of Toronto in the Province of Ontario on which the Building is constructed, as more particularly described in Schedule
A, or as such lands may be expanded or reduced from time to time.
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|15. | Lease or lease means this document as originally signed, sealed and delivered or as amended from time to time, which amendments shall be in writing,
signed, sealed and delivered by both the Landlord and Tenant.
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|16. | Leasehold Improvements means leasehold improvements in the Premises determined according to common law, and shall include, without limitation, all fixtures,
improvements, installations, alterations and additions from time to time made, erected or installed in the Premises by or on behalf of the Tenant or any previous occupant of the Premises, including signs and lettering, partitions, doors and hardware
however affixed and whether or not movable, all mechanical, electrical and utility installations and all carpeting and drapes with the exception only of furniture and equipment not in the nature of fixtures.
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|17. | Mortgage means any and all mortgages, charges, debentures, security agreements, trust deeds, hypothecs or like instruments resulting from any financing,
refinancing or collateral financing (including renewals or extensions thereof) made or arranged by the Landlord of its interest in all or any part of the Building or Lands.
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|18. | Mortgagee means the holder of, or secured party under, any Mortgage and includes any trustee for bondholders.
|--- | ---------------------------------------------------------------------------------------------------------------



- 21 -



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|19. | Net Rent means the annual rent payable by the Tenant under Section 2.02.
|--- | --------------------------------------------------------------------------



|20. | Net Rentable Area means, in the case of premises consisting of part of a floor, the floor area bounded by the inside surface of the exterior glass, the office
side of the corridor or other permanent partitions and the centre of partitions that separate the premises from adjoining leasable areas (if any) without deductions for columns or projections but after making the same exclusions as are made in
computing Rentable Area.
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|21. | Normal Business Hours means the hours from 8:00 a.m. to 6:00 p.m. on Mondays through Fridays and the hours from 8:00 a.m. to 1:00 p.m. on Saturdays, unless any
such day is a statutory holiday.
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|22. | Operating Costs means (without duplication) any amounts paid or payable whether by the Landlord or by others on behalf of the Landlord for maintenance, operation,
repair, replacement to and administration of the Lands and Building or allocated by the Landlord to the Lands and Building and for services provided generally to tenants, calculated as if the Building were 100% occupied by tenants during the Term,
including without limitation:
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (a) | the cost of insurance which the Landlord is obligated or permitted to obtain under this lease;
| | --- | ----------------------------------------------------------------------------------------------



| | (b) | the cost of security, janitorial, landscaping, window cleaning, garbage removal and snow removal services;
| | --- | ----------------------------------------------------------------------------------------------------------



| | (c) | the cost of heating, ventilating and air-conditioning;
| | --- | ------------------------------------------------------



| | (d) | the cost of fuel, steam, water, electricity, telephone and other utilities used in the maintenance, operation or administration of the Building, including charges and imposts
related to such utilities to the extent such costs, charges and imposts are not recovered from other tenants;
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (e) | management office expenses of operation and salaries, wages and other amounts paid or payable for all personnel involved in the repair, maintenance, operation, leasing, on site
management, security, supervision or cleaning of the Building, including fringe benefits, employment and workers compensation insurance premiums, pension plan contributions and other employment costs;
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (f) | auditing, accounting, legal and other professional and consulting fees and disbursements;
| | --- | -----------------------------------------------------------------------------------------



| | (g) | the costs:
| | --- | ----------



| | (i) | of repairing, operating and maintaining the Building and the equipment serving the Building and of all replacements and modifications to the Building or such equipment, including
those made by the Landlord in order to comply with laws or regulations affecting the Building;
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (ii) | incurred by the Landlord in providing and installing energy conservation equipment or systems and life safety systems;
| | ---- | ----------------------------------------------------------------------------------------------------------------------



| | (iii) | incurred by the Landlord to make alterations, replacements or additions to the Building intended to reduce operating costs, improve the operation of the Building or maintain its
operation as a first class office building; and,
| | ----- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (iv) | incurred to replace machinery or equipment which by its nature requires periodic replacement;
| | ---- | ---------------------------------------------------------------------------------------------



all to the extent that such costs are fully chargeable in the Fiscal Year in which they are incurred in accordance with
sound accounting principles;



| | (h) | the cost of the rental of all equipment, supplies, tools, materials and signs;
| | --- | ------------------------------------------------------------------------------



| | (i) | all costs incurred by the Landlord in contesting or appealing taxes or related assessments including legal, appraisal and other professional fees, and administration and overhead
costs;
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (j) | Capital Tax;
| | --- | ------------



| | (k) | depreciation or amortization of the costs referred to in paragraph 22(g) above as determined by the Landlord in accordance with sound accounting principles, if such costs have not
been charged fully in the Fiscal Year in which they are incurred;
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (l) | interest calculated at 2 percentage points above the average daily prime bank commercial lending rate charged during such rental year by any Canadian chartered bank designated from
time to time by the Landlord upon the undepreciated or unamortized balance of the costs referred to in paragraph 22(k); and
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



- 22 -



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| | (m) | a reasonable fee for the administration and management of the Building applied to the total rents (including additional rents) received from tenants of the Building, which fee shall
be comparable to fees charged by property management companies for managing and administering developments in the City of Toronto similar to the Building.
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Operating Costs shall exclude or have deducted from them as the case may be:



| | (aa) | all amounts which otherwise would be included in Operating Costs which are recovered by the Landlord from tenants (other than under sections of their leases comparable to section
2.03 of this lease);
| | ---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (bb) | such of the Operating Costs as are recovered from insurance proceeds, warranties or guarantees, to the extent such recovery represents reimbursements for costs previously included
in Operating Costs;
| | ---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (cc) | interest on debt and capital retirement of debt;
| | ---- | ------------------------------------------------



| | (dd) | ground rent payable by the Landlord to the owner of the Lands under any ground lease of the Lands;
| | ---- | --------------------------------------------------------------------------------------------------



| | (ee) | all amounts which otherwise would be included in Operating Costs which are directly attributable to the operation of the parking garage forming part of and serving the Building;
| | ---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (ff) | commissions and other expenses payable in connection with the marketing and leasing of the Building including the cost of any leasehold improvement allowance or other inducement
paid to tenants of the Building;
| | ---- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (gg) | the amount of any goods and services tax (G.S.T.) paid or payable by the Landlord on the purchase of goods and services included in Operating Costs which may be
available to the Landlord as a credit in determining the Landlords net tax liability or refund on account of G.S.T.;
| | ---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (hh) | the cost of all repairs and replacements as a result of faulty construction, and/or inferior or deficient materials or workmanship with respect to the original construction of
the Building or any part thereof; and
| | ---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (ii) | the cost of construction of any addition to or expansion of the Building.
| | ---- | -------------------------------------------------------------------------



Operating costs may be attributed by the Landlord to the various components of the Building in accordance with reasonable
and current practices, on a basis consistent with the nature of the particular costs being attributed, and in accordance with GAAP and the policies set by the Canadian Institute of Public Real Estate Companies (CIPREC), and the costs so
attributed may be allocated to the tenants of such components accordingly.



|23. | Person means any person, firm, partnership or corporation, or any group or combination of persons, firms, partnerships or corporations.
|--- | -----------------------------------------------------------------------------------------------------------------------------------------



|24. | Premises means the premises leased to the Tenant described in Section 1.01 and includes Leasehold Improvements in such premises.
|--- | ----------------------------------------------------------------------------------------------------------------------------------



|25. | Proportionate Share means a fraction which has as its numerator the Rentable Area of the Premises and as its denominator the Total Rentable Area of the Building.
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------



|26. | Rent means the aggregate of Net Rent and Additional Rent.
|--- | -----------------------------------------------------------



|27. | Rentable Area means (a) in the case of premises used or intended to be used for office purposes and occupying an entire floor, the floor area bounded by the
inside surface of the glass on the exterior walls, including without limitation, washrooms, telephone, electrical and janitorial closets and elevator lobbies; (b) in the case of premises used or intended to be used for office purposes and
consisting of part of a floor, the area computed by multiplying the Net Rentable Area of such premises by a fraction, the numerator of which is the aggregate floor area of the floor on which the Premises are located (using the measurement method set
out in subparagraph (a)) and the denominator of which is the aggregate Net Rentable Area of all office premises on such floor; and (c) in the case of premises used or intended to be used for retail purposes, the Net Rentable Area thereof. In
calculating Rentable Area, stairs, elevator shafts, flues, stacks, pipe shafts and vertical ducts with their own enclosing walls, any of which are used in common, shall be excluded but no deductions or exclusions shall be made for columns and
projections necessary for the Building. The Landlord may for the purpose of calculating the Net Rent and any Proportionate Share change the fraction referred to in subparagraph (b) from time to time to reflect the actual ratio of the aggregate
floor area of the floor on which the Premises are located (using the measurement method set out in subparagraph (a)) to the aggregate Net Rentable Area of all office premises on such floor.
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



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|28. | Rules and Regulations means the rules and regulations adopted and promulgated by the Landlord from time to time pursuant to Section 11.01. The Rules and
Regulations existing as at the Commencement Date are those set out in Schedule D.
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|29. | Taxes means all taxes, levies, charges, local improvement rates and assessments whatsoever assessed or charged against the Development or any part thereof by any
lawful taxing authority and including any amounts assessed or charged in substitution for or in lieu of any such taxes, but excluding only such taxes as capital gains taxes, corporate, income, profit or excess profit taxes to the extent such taxes
are not levied in lieu of any of the foregoing against the Development or the Landlord in respect thereof. Taxes shall in every instance be calculated on the basis of the Total Rentable Area of the Building being fully assessed and taxed at
prevailing commercial tax rates for occupied space for the period for which Taxes are being calculated.
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|30. | Tenant means the party named as tenant on the first page of this lease and those for whom it is responsible in law.
|--- | ---------------------------------------------------------------------------------------------------------------------



|31. | Term means the period set out in Section 1.02.
|--- | ------------------------------------------------



|32. | Total Rentable Area of the Building means the aggregate of the Rentable Area of each floor in the Building as if each floor is occupied by one tenant, all as
determined by the Architect. The Total Rentable Area of the Building shall:
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (a) | exclude the main telephone, mechanical, electrical and other utility rooms and enclosures, public lobbies on the ground floor, and other public space common to the entire Building;
and,
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (b) | be adjusted by the Architect from time to time to take account of any structural, functional or other change affecting the same.
| | --- | --------------------------------------------------------------------------------------------------------------------------------



|33. | Trade Fixtures means trade fixtures as determined at common law, but for greater certainty, shall not include:
|--- | ----------------------------------------------------------------------------------------------------------------



| | (a) | heating, ventilating or air conditioning systems, facilities and equipment in or serving the Premises;
| | --- | ------------------------------------------------------------------------------------------------------



| | (b) | floor coverings affixed to the floor of the Premises;
| | --- | -----------------------------------------------------



| | (c) | light fixtures;
| | --- | ---------------



| | (d) | internal stairways and doors; and,
| | --- | ----------------------------------



| | (e) | any fixtures, facilities, equipment or installations installed by or at the expense of the Landlord pursuant to this Lease or otherwise.
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------



|34. | Transfer means an assignment of this lease in whole or in part, a sublease of all or any part of the Premises, any transaction whereby the rights of the Tenant
under this lease or to the Premises are transferred to another, any transaction by which any right of use or occupancy of all or any part of the Premises is conferred upon anyone, any mortgage, charge or encumbrance of this lease or the Premises or
any part thereof or other arrangement under which either this lease or the Premises become security for any indebtedness or other obligations and includes any transaction or occurrence whatsoever (including, but not limited to, expropriation,
receivership proceedings, seizure by legal process and transfer by operation of law), which has changed or might change the identity of the Persons having lawful use or occupancy of any part of the Premises.
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|35. | Transferee means the Person or Persons to whom a Transfer is or is to be made.
|--- | --------------------------------------------------------------------------------



- 24 -



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SCHEDULE D - RULES AND REGULATIONS



|1. | Life Safety
|-- | -----------



| | (a) | The Tenant shall not do or permit anything to be done in the Premises, or bring or keep anything therein which will in any way increase the risk of fire or the rate of fire
insurance on the Building or on property kept therein, or obstruct or interfere with the rights of other tenants or in any way injure or annoy them or the Landlord, or violate or act at variance with the laws relating to fires or with regulations of
the Fire Department, or with any insurance upon the Lands or Building or in any part thereof, or violate or act in conflict with any statutes, rules and ordinances governing health standards or with any other statute or municipal by-law.
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (b) | No inflammable oils or other inflammable, dangerous or explosive materials save those approved in writing by the Landlords insurers shall be kept or permitted to be kept in
the Premises.
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|2. | Security
|-- | --------



| | (a) | The Landlord shall permit the Tenant and the Tenants employees and all Persons lawfully requiring communication with them to have the use, during Normal Business Hours in
common with others entitled thereto, of the main entrance and the stairways, corridors, elevators, escalators, or other mechanical means of access leading to the Building and the Premises. At times other than during Normal Business Hours the Tenant
and the employees of the Tenant shall have access to the Building and to the Premises only in accordance with the Rules and Regulations and shall be required to satisfactorily identify themselves and to register in any book which may at the
Landlords option be kept by the Landlord for such purpose. If identification is not satisfactory, the Landlord is entitled to prevent the Tenant or the Tenants employees or other Persons lawfully requiring communication with the Tenant
from having access to the Building and to the Premises. In addition, the Landlord is not required to open the door to the Premises for the purpose of permitting entry therein to any Person not having a key to the Premises.
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (b) | The Tenant shall not place or cause to be placed any additional locks upon any doors of the Premises without the approval of the Landlord. Two keys shall be supplied to the Tenant
for each entrance door to the Premises and all locks shall be Building standard to permit access by the Landlords master key. If additional keys are required, they must be obtained from the Landlord at the cost of the Tenant. Keys or other
means of access for entrance doors to the Building will not be issued without the written authority of the Landlord.
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|3. | Housekeeping
|-- | ------------



| | (a) | The Tenant shall permit window cleaners to clean the windows of the Premises during Normal Business Hours.
| | --- | ----------------------------------------------------------------------------------------------------------



| | (b) | The Tenant shall not place any debris, garbage, trash or refuse or permit same to be placed or left in or upon any part of the Lands or Building outside of the Premises, other than
in a location provided by the Landlord specifically for such purposes, and the Tenant shall not allow any undue accumulation of any debris, garbage, trash or refuse in or outside of the Premises. If the Tenant uses perishable articles or generates
wet garbage, the Tenant shall provide refrigerated storage facilities suitable to the Landlord.
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (c) | The Tenant shall not place or maintain any supplies, or other articles in any vestibule or entry of the Premises, on the adjacent footwalks or elsewhere on the exterior of the
Premises or elsewhere on the Lands or Building.
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (d) | The sidewalks, entrances, passages, escalators, elevators and staircases shall not be obstructed or used by the Tenant, its agents, servants, contractors, invitees or employees for
any purpose other than ingress to and egress from the Premises and the Building. The Landlord reserves entire control of all parts of the Lands and Building employed for the common benefit of the tenants and without restricting the generality of the
foregoing, the sidewalks, entrances, corridors and passages not within the Premises, washrooms, lavatories, air conditioning closets, fan rooms, janitors closets, electrical closets and other closets, stairs, escalators, elevator shafts,
flues, stacks, pipe shafts and ducts and shall have the right to place such signs and appliances therein, as it deems advisable, provided that ingress to and egress from the Premises is not unduly impaired thereby.
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (e) | The Tenant shall not cause or permit: any waste or damage to the Premises; any overloading of the floors or the utility, electrical or mechanical facilities of the Premises; any
nuisance in the Premises; or any use or manner of use causing a hazard or annoyance to other occupants of the Building or to the Landlord.
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



- 25 -



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|4. | Receiving, Shipping, Movement of Articles
|-- | -----------------------------------------



| | (a) | The Tenant shall not receive or ship articles of any kind except through facilities and designated doors and at hours designated by the Landlord when deemed necessary by the
Landlord acting reasonably,and under the supervision of the Landlord.
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (b) | Hand trucks, carryalls or similar appliances shall only be used in the Building with the consent of the Landlord and shall be equipped with rubber tires, slide guards and such other
safeguards as the Landlord requires.
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (c) | The Tenant, its agents, servants, contractors, invitees or employees, shall not bring in or take out, position, construct, install or move any safe, business machinery or other
heavy machinery or equipment or anything liable to injure or destroy any part of the Building, including the Premises, without first obtaining the consent in writing of the Landlord. In giving such consent, the Landlord shall have the right in its
sole discretion, to prescribe the weight permitted and the position thereof, the use and design of planks, skids or platforms, and to distribute the weight thereof. All damage done to the Building, including the Premises, by moving or using any such
heavy equipment or other office equipment or furniture shall be repaired at the expense of the Tenant. The moving of all heavy equipment or other office furniture shall occur only by prior arrangement with the Landlord. The cost of such moving shall
be paid by the Tenant. Safes and other heavy office equipment and machinery shall be moved through the halls and corridors only in a manner expressly approved by the Landlord. No freight or bulky matter of any description will be received into any
part of the Building, including the Premises, or carried in the elevators except during hours approved by the Landlord. The Landlord agrees to provide the Tenant with access to shipping facilities outside Normal Business Hours. However, the
Tenant acknowledges and aggress that the Tenant will make special arrangements with the Landlord for the transport of items being delivered from such shipping facilities to the 10thfloor of the building and the Premises outside Normal Business Hours.
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|5. | Prevention of Injury to Premises
|-- | --------------------------------



| | (a) | It shall be the duty of the Tenant to assist and co-operate with the Landlord in preventing injury to the Premises.
| | --- | -------------------------------------------------------------------------------------------------------------------



| | (b) | The Tenant shall not deface or mark any part of the Building, including the Premises, and shall not drive nails, spikes, hooks or screws into the walls, floors, ceilings or woodwork
of any part of the Building, including the Premises, or bore, drill or cut into the walls, floors, ceilings or woodwork of any part of the Building including the Premises, in any manner or for any reason.
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (c) | If the Tenant desires telegraphic or telephonic connections, the Landlord, in its sole discretion, may direct the electricians as to where and how the wires are to be introduced. No
gas pipe or electric wire will be permitted which has not been ordered or authorized by the Landlord. No outside radio or television antenna shall be allowed on any part of the Premises without authorization in writing by the Landlord.
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|6. | Windows
|-- | -------



Except for the proper use of approved blinds and drapes, the Tenant shall not cover, obstruct or affix any object or material to any of the skylights and
windows that reflect or admit light into any part of the Building, including, without limiting the generality of the foregoing, the application of solar films.



|7. | Washrooms
|-- | ---------



| | (a) | The Landlord shall permit the Tenant and the employees of the Tenant in common with others entitled thereto, to use the washrooms on the floor of the Building on which the Premises
are situated or, in lieu thereof, those washrooms designated by the Landlord, save and except when the general water supply may be turned off from the public main or at such other times when repair and maintenance undertaken by the Landlord shall
necessitate the non-use of the facilities.
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (b) | The water closets and other apparatus shall not be used for any purposes other than those for which they were intended, and no sweepings, rubbish, rags, ashes or other substances
shall be thrown into them. Any damage resulting from misuse shall be borne by the Tenant by whom or by whose agents, servants, invitees, or employees such damage is caused.
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|8. | Use of Premises
|-- | ---------------



| | (a) | No one shall use the Premises for sleeping apartments or residential purposes, or for the storage of personal effects or articles other than those required for business purposes.
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



- 26 -



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| | (b) | No cooking or heating of any foods or liquids (other than the heating of water or coffee in coffee makers or kettles or the cooking or heating of foods through the use of
microwave ovens) shall be permitted in the Premises without the written consent of the Landlord.
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (c) | The Tenant shall be permitted to install machinesdispensing food and beveragesin the Premises which is for the sole use of the Tenant and/or its clients. The
Tenant acknowledges and agrees any deliveryof any food or beverage to the Premises shall at all times be through the service elevators and not the passenger elevators.
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (d) | The Tenant shall not permit or allow any odours, vapours, steam, water, vibrations, noises or other undesirable effects to emanate from the Premises or any equipment or installation
therein which, in the Landlords opinion, are objectionable or cause any interference with the safety, comfort or convenience of the Building to the Landlord or the occupants and tenants thereof or their agents, servants, invitees or employees.
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|9. | Canvassing, Soliciting, Peddling
|-- | --------------------------------



Canvassing, soliciting and peddling in or about the Lands and Building are prohibited.



|10. | Bicycles
|--- | --------



No bicycles or other vehicles shall be brought within any part of the Lands or Building without the consent of the Landlord.



|11. | Animals and Birds
|--- | -----------------



No animals or birds shall be brought into any part of the Lands or Building without the consent of the Landlord.



|12. | Signs and Advertising
|--- | ---------------------



The Tenant shall not paint, affix, display or cause to be painted, affixed or displayed, any sign, picture, advertisement, notice, lettering or decoration
on any part of the outside of the Building or in the interior of the Premises which is visible from the outside of the Building. The sign to be placed on the outside of (or beside, as the case may be) the interior door leading to the Premises shall
be: (i) installed by the Landlord at the Tenants sole cost and expense; (ii) consistent with the uniform pattern, size and design prescribed by the Landlord; (iii) the property of the Landlord and shall be maintained by the
Landlord throughout the Term at the Tenants sole cost and expense; and (iv) removed by the Landlord (or, at the Landlords option, by the Tenant) at the sole cost and expense of the Tenant. All damage caused by the removal of such
sign shall be promptly repaired by the party that removed the sign, at the Tenants sole cost and expense. The Tenants obligation to observe and perform this covenant shall survive the expiration of the Term or earlier termination of the
Lease. The Landlord, at the Tenants cost shall allow the Tenants directional signage in the lobby of the Building on Mondays and Tuesdays only, between the hours of 7:30 a.m. and 9:30 a.m. Such signage shall be done in a
professional manner, approved by the Landlord and displayed in the Landlords metal sign holder measuring approximately 22 x 28.



|13. | Directory Board
|--- | ---------------



The Tenant shall be entitled at its expense to have a maximum of 2 entries shown upon the directory board in the main lobby of the Building and in
the elevator lobby on the floor on which the Premises are located (if the Premises are located on a multi-tenant floor). The Landlord shall design the style of such identification and shall determine the number of spaces available on the directory
board(s) for each tenant. The directory board(s) shall be located in an area designated by the Landlord.



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