Document:

EX-10.23

 Exhibit 10.23 

THIS REVIVAL AND AMENDING AGREEMENT dated as of the 21st day of April, 2021. 

BETWEEN: 
 SST II ACQUISITIONS, LLC

 (hereinafter the Purchaser) 

- and – 
 HOME DEPOT
HOLDINGS INC. 
 (hereinafter the Seller) 

WHEREAS: 
  

	(i)	 Pursuant to an Purchase and Sale Agreement effective as of September 1, 2020 between the Purchaser and
Seller (the Purchase Agreement), the Purchaser agreed to purchase from the Seller certain lands more particularly described in the Purchase Agreement and known municipally as 2911 Eglinton Road, Toronto, Ontario (the Property);

  

	(ii)	 Section 7(a) of the Purchase Agreement provided that unless the Ontario provincial and relevant municipal
legislated declarations of emergency and related emergency orders imposed in respect of the COVID-19 pandemic (the COVID-19 Restrictions) were lifted by
March 8, 2021, the Purchase Agreement would automatically terminate, unless mutually extended by the parties; 

  

	(iii)	 The COVID-19 Restrictions have not been lifted, and the Purchaser and
the Seller did not mutually agree to extend the Purchase Agreement on or before March 8, 2021 and, accordingly, the Purchase Agreement thereupon automatically terminated in accordance with the terms thereof; and 

 

	(iv)	 The Purchaser and the Seller wish to revive, reinstate and amend the Purchase Agreement on the terms set forth
in this Revival and Amending Agreement (the Agreement). 

 NOW THEREFORE THIS AGREEMENT WITNESSES that, in consideration of
the sum of $2.00 and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows: 
  

	1.	 The parties hereto acknowledge and agree that the recitals are true. 

 

	2.	 All capitalized terms in this Agreement not otherwise defined herein, shall have the meanings ascribed to them
in the Purchase Agreement. 

 Revival: 
  

	3.	 The Purchase Agreement, including all covenants and obligations contained therein, is hereby revived and
reinstated and is binding upon the parties in accordance with its terms and, except as amended by this Agreement, remains unamended and in full force and effect, with time remaining of the essence. 

Amendments: 
  

	4.	 Section 3(b)(x) of the Purchase Agreement is hereby deleted in its entirety and the following substituted
therefor: 

 “(x) the sum of Fifty Thousand and No/100 Dollars $50,000 plus HST to Seller, as Purchaser’s one-time contribution to Seller’s future costs of maintaining, repairing and replacing the access drives on the HD Property (which obligations of the Seller shall be addressed in the RCEA (as defined below)
(the “Maintenance Fee”);” 

  
 1 

	5.	 Section 7(a) of the Purchase Agreement is hereby deleted in its entirety and the following substituted
therefor: 

 “(a) Inspection Period. It is agreed that Purchaser’s obligations hereunder are conditioned
upon Purchaser being satisfied, at Purchaser’s sole cost and expense, prior to July 20, 2021 (the “Inspection Period”), with the condition of the Property for the construction, development and operation of
Purchaser’s intended improvements. Should Purchaser fail to be satisfied with the condition of the Property, Purchaser may elect, by delivery of written notice to Seller on or before the expiration of the Inspection Period, to terminate
this Agreement, whereupon the Initial Deposit shall be refunded to Purchaser (after deducting the Review Fee) and this Agreement shall be null and void and of no further force or effect with Purchaser and Seller having no further rights, obligations
or liabilities hereunder except as otherwise set forth herein. If Purchaser elects to terminate this Agreement pursuant to this Section 7(a), Purchaser shall immediately deliver to Seller all Confidential Information (such obligation to survive
the termination of this Agreement). If Purchaser does not terminate this Agreement pursuant to this Section 7(a) prior to the expiration of the Inspection Period, Purchaser shall be deemed satisfied with the condition of the Property and the
Initial Deposit shall be non-refundable to Purchaser except upon a termination of this Agreement due to a default by Seller or as otherwise specifically provided herein.” 

 

	6.	 Section 7(d)(vi) of the Purchase Agreement is hereby amended by deleting the last sentence thereof and
substituting the following therefor: 

 “Notwithstanding any of the foregoing, and for greater certainty, the Seller
confirms and acknowledges and agrees that nothing in this Section 7(d)(vi) or 7(d)(viii) shall restrict the Purchaser from: (A) operating a self-storage business, provided that not more than five hundred (500) square feet in the
aggregate shall be used for the display of items listed in Section 7(d)(viii) below, or (B) leasing self-storage units to tenants for any purpose, including the storage and distribution of goods.” 

 

	7.	 Section 7(e) of the Purchase Agreement is hereby amended by deleting from the second last sentence the
words “prior to the expiration of the Inspection Period, whereupon the Initial Deposit shall be refunded to Purchaser by Seller’s Solicitors (after deducting the Review Fee)” and substituting therefore “within thirty
(30) days following expiration of the Inspection Period, whereupon the Initial Deposit and the Additional Deposit shall be refunded to Purchaser by Seller’s Solicitors (after deducting the Review Fee)”.

  

	8.	 Section 8(a) of the Purchase Agreement is hereby amended by deleting the words “within 60 days
after the Effective Date,” and substituting therefor “prior to the expiry of the Inspection Period”. 

  

	9.	 Section 8(b) of the Purchase Agreement is hereby amended by deleting the words “within ninety
(90) days after the expiry of the Inspection Period” and substituting therefor “prior to the expiry of the Inspection Period”. 

 

	10.	 Section 8(c) of the Purchase Agreement is hereby amended by deleting the words “within ninety
(90) days after the expiry of the Inspection Period” and substituting therefor “prior to the expiry of the Inspection Period”. 

 

	11.	 Section 8(g) of the Purchase Agreement is hereby deleted in its entirety and the following substituted
therefor: 

 “(g) Termination. If this Agreement is terminated pursuant to the provisions of this
Section 8, Purchaser shall deliver the Confidential Information to Seller, and (i) if such termination occurs prior to the end of the Inspection Period, the Initial Deposit shall be refunded to Purchaser (after deducting the Review Fee),
(ii) if such termination occurs within thirty (30) days following expiration of the Inspection Period, the Initial Deposit and the Additional Deposit shall be refunded to Purchaser (after deducting the Review Fee), (iii) if such termination
occurs after the date that is thirty (30) days following the expiration of the Inspection Period but prior to the 

  
 2 

 
expiration of the Initial Approval Period, the Initial Deposit shall be paid to or retained by Seller and the Additional Deposit shall be refunded to Purchaser (after deducitng the Review Fee),
or (iv) if such termination occurs after the expiration of the Initial Approval Period, all Deposits, including any Extension Deposits shall be paid to or retained by Seller, and Purchaser shall pay Seller the Review Fee. Upon a termination
pursuant to the provisions of this Section 8, this Agreement shall be null and void and of no further force or effect with Purchaser and Seller having no further rights, obligations or liabilities hereunder except as otherwise set forth
herein.”. 
 General: 
  

	12.	 Each of the parties shall execute and deliver all such further documents and do such other things as the other
party may reasonably request to give full effect to this Agreement. 

  

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

  

	14.	 This Agreement may be executed in several counterparts, each of which may be deemed an original, and all of
such counterparts together shall constitute one and the same Agreement. Furthermore, this Agreement may be executed and delivered by electronic transmission. The parties intend that electronic (e.g., .pdf format) signatures constitute original
signatures and that an electronic copy or counterparts of this Agreement containing signatures (original or electronic) of a party is binding upon that party. 

(signature pages follow) 

  
 3 

 IN WITNESS WHEREOF the parties have executed this Agreement. 

 

			
	 HOME DEPOT HOLDINGS INC.

		
	Per:	 	/s/ Suzanne Russo
		 	Name:  Suzanne Russo
		 	Title:    Assistant General Counsel

  

			
	Per:	 	 
		 	Name:
		 	Title:
		 	I/We have the authority to bind the corporation

  

			
	SST II ACQUISITIONS, LLC
		
	Per:	 	/s/ Wayne Johnson
		 	Name:  Wayne Johnson
		 	Title:    CIO

  

			
	Per:	 	 
		 	Name:
		 	Title:
		 	I/We have the authority to bind the corporationEX-10.24

 Exhibit 10.24 

THIS SECOND AMENDING AGREEMENT dated as of the 19th day of July, 2021. 

BETWEEN: 
 SST II ACQUISITIONS, LLC

 (hereinafter the Purchaser) 

- and – 
 HOME DEPOT
HOLDINGS INC. 
 (hereinafter the Seller) 

WHEREAS: 
  

	(i)	 Pursuant to an Purchase and Sale Agreement effective as of September 1, 2020 between the Purchaser and
Seller (as revived and amended, the Purchase Agreement), the Purchaser agreed to purchase from the Seller certain lands more particularly described in the Purchase Agreement and known municipally as 2911 Eglinton Road, Toronto, Ontario (the
Property); and 

  

	(iv)	 The Purchaser and the Seller wish to amend the Purchase Agreement on the terms set forth in this Amending
Agreement (the Agreement). 

 NOW THEREFORE THIS AGREEMENT WITNESSES that, in consideration of the sum of $2.00 and for
other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows: 
  

	1.	 The parties hereto acknowledge and agree that the recitals are true. 

 

	2.	 All capitalized terms in this Agreement not otherwise defined herein, shall have the meanings ascribed to them
in the Purchase Agreement. 

  

	3.	 Except as amended by this Agreement, the Purchase Agreement, remains unamended and in full force and effect,
with time remaining of the essence. 

 Amendments: 
  

	4.	 Section 7(d) of the Purchase Agreement is hereby amended by deleting the first paragraph thereof and
substituting the following therefor: 

 “(d) Restrictive Covenants and Easement Agreement. At Closing, Seller
and Purchaser shall enter into a Restrictive Covenants and Easement Agreement (the “RCEA”). The RCEA shall be in form acceptable to Seller, in Seller’s sole and absolute discretion; provided, however, that if Seller and
Purchaser fail to agree on (i) the form of the RCEA, excluding the Remaining RCEA Approval Items (as defined below), within thirty (30) days following the expiry of the Inspection Period, or (ii) the Remaining RCEA Approval Items on
or before the expiration of the Approval Period, then either party shall have the right to terminate this Agreement by giving written notice to the other party hereto, whereupon (x) if such termination occurs within fourty (40) days
following the expiration of the Inspection Period for failure to agree upon the form of the RCEA, the Initial Deposit and the Additional Deposit shall be refunded by Seller’s Solicitors to Purchaser (after deducting the Review Fee), or
(y) if such termination occurs during the Approval Period but after the termination period set out in (x) for failure to agree upon the Remaining RCEA Approval Items, then (1) if such termination occurs prior to the expiration of the
Initial Approval Period, the Initial Deposit shall be paid to Seller and the Additional Deposit shall be refunded to Purchaser (after deducting the Review Fee), or (2) if such termination occurs after the expiration of the Initial Approval
Period, all Deposits, including any Extension Deposit, shall be paid to or retained by 

 
Seller, as the case may be, and Purchaser shall pay Seller the Review Fee. Upon a termination of this Agreement pursuant to this Section 7(d), Purchaser shall deliver the Confidential
Information to Seller and this Agreement shall be deemed null and void and of no further force or effect with Purchaser and Seller having no further rights, obligations or liabilities hereunder except as otherwise set forth herein. As used herein,
“Remaining RCEA Approval Items” shall mean, collectively, the description and depiction of any site specific utility easements based upon the Plans (as defined below) and the final RCEA exhibits.”. 

General: 
  

	5.	 Each of the parties shall execute and deliver all such further documents and do such other things as the other
party may reasonably request to give full effect to this Agreement. 

  

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

  

	7.	 This Agreement may be executed in several counterparts, each of which may be deemed an original, and all of
such counterparts together shall constitute one and the same Agreement. Furthermore, this Agreement may be executed and delivered by electronic transmission. The parties intend that electronic (e.g., .pdf format) signatures constitute original
signatures and that an electronic copy or counterparts of this Agreement containing signatures (original or electronic) of a party is binding upon that party. 

-signature page to follow- 

 IN WITNESS WHEREOF the parties have executed this Agreement. 

 

			
	HOME DEPOT HOLDINGS INC.
		
	Per:	 	 /s/ Suzanne Russo

		 	Name:   Suzanne Russo
		 	Title:     Asisstant General Counsel
		
	Per:	 	  

		 	Name:
		 	Title:
		 	I/We have the authority to bind the corporation
	
	SST II ACQUISITIONS, LLC
		
	Per:	 	 /s/ H. Michael Schwartz

		 	Name:   H. Michael Schwartz
		 	Title:     CEO
		
	Per:	 	  

		 	Name:
		 	Title:
		 	I/We have the authority to bind the corporation

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