Document:

EX-10.13

 Exhibit 10.13 

THIRD LEASE EXPANSION AND AMENDING AGREEMENT 

THIS AGREEMENT made as of the 14th day of November, 2014. 

B E T W E E N: 
 250 BOWIE HOLDINGS INC.

 (the “Landlord”) 

- and - 
 CANADA GOOSE INC.

 (the “Tenant”) 
 WHEREAS:

 A. By a lease made the 3rd day of February, 2012 (the “Lease”), the Landlord
leased to Canada Goose Inc. certain premises containing approximately 101,593 square feet of rentable area (the “Original Premises”), on the first floor the building municipally known as 250 Bowie Avenue, Toronto, ON (the
“Building”) and shown on the plan attached as Schedule “A” to the Lease, upon and subject to the terms and conditions therein set out; 

B. By a Lease Expansion and Amending Agreement made as of the 1st day of July, 2013 (the
“First Expansion Agreement”), Canada Goose Inc., as tenant, agreed with the Landlord to lease additional premises in the Building comprising approximately 16,600 square feet of contiguous space (the “First Expansion
Premises”) on the terms and conditions set forth therein; 
 C. The total rentable area of the Original Premises and the First
Expansion Premises was certified as being 122,541 square feet. 
 D. The Lease was assigned to Canada Goose Products Inc. on or about
December 9, 2013. On or about December 10, 2013, Canada Goose Products Inc. changed its name to Canada Goose Inc.; 
 E. By a Lease
Expansion and Amending Agreement made as of the 27th day of January, 2014 (the “Second Expansion Agreement”), the Tenant has agreed with the Landlord to lease additional premises
in the Building (the “Second Expansion Premises”) comprising (i) Unit 2 on the ground floor of the Building containing approximately 10,686 square feet of space, and (ii) Units 4 and 5 on the second floor of the
Building containing approximately 8,541 and 8,811 square feet of space respectively, on the terms and conditions therein set forth. The Lease as amended by the First expansion Agreement and Second Expansion Agreement is hereinafter referred
to as the Lease; 
 F. The original Lease as amended by the First Expansion Agreement and the Second Expansion Agreement is hereinafter referred to as
the Lease; 

 G. The Tenant has agreed with the Landlord to lease additional premises in the Building comprising (i) Unit
1 on the ground floor of the Building containing approximately 8,100 square feet of space, (ii) Unit 6 on the ground floor of the Building containing approximately 6,400 square feet of space, and (iii) part of the ground floor corridor,
all on the terms and conditions hereinafter set forth; 
 H. The Landlord and the Tenant have agreed to amend the Lease in accordance with and subject to the
terms and conditions hereinafter set forth; 
 NOW THEREFORE THIS AGREEMENT WITNESSETH that in consideration of the sum of Two Dollars
($2.00) now paid by each party to the other (the receipt and sufficiency of which are hereby acknowledged) and other mutual covenants and agreements, the parties do hereby agree as follows: 

 

	1.	The foregoing recitals are true in substance and in fact. 

  

	2.	The Landlord hereby leases to the Tenant, and the Tenant agrees to lease from the Landlord, those certain additional premises in the Building being comprised of (i) Unit 6 on the ground floor of the Building as
shown outlined in purple and cross-hatched on Schedule “A” attached hereto (the “Unit 6 Expansion”) containing approximately 6,400 square feet of rentable area, (ii) Unit 1 on the ground floor of the Building
as shown outlined in green and hatched on Schedule “A” attached hereto (the “Unit 1 Expansion”) containing approximately 8,100 square feet of rentable area, and (iii) part of the ground floor corridor
highlighted in red on Schedule “A” attached hereto (the “Corridor”) (collectively the “Third Expansion Premises”) for a term commencing on January 1, 2015 (the “Effective Date”) and
expiring on June 30, 2023, upon the same terms, covenants and conditions as are contained in the Lease (including, without limitation, all covenants personal to the Tenant which may not run with the land) except that there shall be no
inducement or allowance payable by the Landlord to the Tenant for the Expansion Premises, except as otherwise provided herein. Tenant shall be permitted to take possession of the Third Expansion Premises on December 15, 2014 (“Possession
Date”). 

  

	3.	(a) The Landlord covenants and agrees that it shall complete the Landlord’s work set out on Schedule “B” attached to this Agreement (“Landlord’s Expansion Work”), at Landlord’s
sole cost and expense, by no later than December 15, 2014. Landlord warrants that as at January 1, 2015, there will be HVAC serving the Third Expansion Premises for immediate use (composed of the HVAC currently serving the Third Expansion
Premises together with the new HVAC already provided by the Landlord as part of the Landlord’s Expansion Work) and that all Structural Elements of the Third Expansion Premises (including the roof) and the Building systems serving the Third
Expansion Premises (including but not limited to the HVAC system) will be in good working order and repair and that the third Expansion Premises did comply with all then applicable building codes. 

(b) The Tenant shall have the right to create fire exits or corridors from the Premises in order to comply with applicable laws, including fire
codes, and the Landlord will cooperate with the Tenant in this regard. 

  
 2 

 (c) The Tenant may supply and install, for the exclusive use of the Premises, additional HVAC
units in locations to be designated by the Tenant, as per plans approved by the Landlord. 
 (d) The Tenant shall have exclusive use of the
freight elevator located within the Corridor. The Tenant agrees to maintain and repair the elevator during the Term of the Lease however, if the elevator, or any major component thereof, requires replacement at any time during the Term of the Lease
neither party shall have the obligation to further repair or replace it. 
 (e) The Landlord hereby agrees that, throughout the Term of this
Lease, and any extensions and renewals thereof the Tenant shall be permitted non-exclusive access through the existing electrical room (the Landlord thereby giving up 200 sq ft of space in the electrical room) to allow a pass-through from the
existing Tenant’s Premises to the Third Expansion Premises. The location of the pass-through is shown on Schedule A-l attached hereto. The Tenant shall install doors on either side of the pass-through area as depicted on Schedule
“A-l” and the Landlord shall have unfettered access through the westerly door, including a copy of any key thereto, to permit access to the electrical room during normal business hours and after-hours access shall be arranged through the
Tenant’s security company or giving notice thereto (in case of emergency). The Tenant shall use commercially reasonable efforts to ensure its security company accommodates the Landlord’s after-hours access requests as promptly as possible.

  

	4.	Provided the Landlord has delivered the Third Expansion Premises to the Tenant and is not in default under the Lease, as amended by this Agreement, the Tenant shall pay to the Landlord, on January 2, 2015, by way
of certified cheque or bank draft, an additional sum of Three Hundred and Fifty Thousand Dollars ($350,000.00), plus HST if applicable, as a one-time payment to the Landlord on account of the Landlord obtaining vacant possession of the Third
Expansion Premises. 

  

	5.	In addition to the current parking spaces exclusive to the Tenant under the Lease, the Landlord covenants and agrees that throughout the balance of the term of the Lease, as renewed or extended, the Tenant shall have
exclusive use of the two parking spaces exclusively used by the previous tenant of Unit 1 of the Third Expansion Premises, as shown cross hatched on Schedule A-2 hereto. The Tenant shall have the right to place signage on all such parking spaces
identifying them as exclusive parking for the Tenant. 

  

	6.	The Lease is hereby further amended as follows: 

  

	 	(a)	From and after the Effective Date, all references in the Lease to the “Premises” shall be deemed to mean the Original Premises, the First Expansion Premises, the Second Expansion Premises plus the Third
Expansion Premises. 

  

	 	(b)	The annual Base Rent payable under Section 5.02 of the Lease for the Third Expansion Premises (being approximately 14,500 square feet) shall be as follows: 

  
 3 

							
	 Period of Time
	  	Annual Base
Rent	  	Monthly Base
Rent	  	Amount Per
Square Foot of
Rentable Area
	 December 15, 2014 to January 1, 2015
	  	Nil	  	Nil	  	Nil
	 January 1, 2015 to June 30, 2023
	  	$174,000	  	$14,500	  	$12.00

 For greater certainty, from and after the Possession Date to and including January 1, 2015, the Tenant
shall not be responsible for the payment of any Base Rent or Additional Rent for the Third Expansion Premises other than any costs or expenses arising as a result of the Tenant’s default under the Lease. 

The Base Rent payable under Section 5.02 of the Lease for the entire Premises (being approximately 165,079 square feet) shall be as
follows: 
  

											
	 Period of Time
	  	Annual Base
Rent	 	  	Monthly Base
Rent	 	  	 Amount Per Square Foot of
Rentable
Area

	 January 1, 2015 to June 30, 2023
	  	$	1,228,053	  	  	$	102,337.75	  	  	 $12.00 for the Third Expansion Premises;
  

$7.00 for the Original Premises, First Expansion Premises and Third Expansion Premises.

  

	 	(c)	Notwithstanding anything in the Lease, as amended, or this Agreement to the contrary, the Corridor will not be included in the rentable area of the Premises for the purposes of calculating Rent under the Lease.

  

	 	(d)	Sections 6(c), 6(d) and 6(e) of the Second Expansion Agreement are hereby deleted. 

  

	7.	Landlord and Tenant acknowledge that neither of them have retained the services of a broker or agent in connection with this Agreement. 

 

	8.	Except as hereby amended, the parties confirm that the terms, covenants and conditions of the Lease remain unchanged and in full force and effect. 

 

	9.	It is understood and agreed that all terms and expressions when used in this Agreement, unless a contrary intention is expressed herein, have the same meaning as they have in the Lease. 

  
 4 

	10.	This Lease Extension and Amending Agreement shall enure to the benefit of and be binding upon the parties hereto and their respective heirs, executors, administrators, successors and assigns, as the case may be.

 IN WITNESS WHEREOF the parties have hereto duly executed this Lease Extension Agreement. 

 

			
	250 BOWIE HOLDINGS INC.
	
	(Landlord)
		
	Per:	 	/s/ Authorized Person
		 	Name: Authorized Person
		
		 	Title: A.S.O.
		
		 	I have authority to bind the Corporation.
	
	CANADA GOOSE INC.
	
	(Tenant)
		
	Per:	 	/s/ Dani Reiss
		 	Name:
		
		 	Title:
		
	Per:	 	 /s/ Authorized Person

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

  
 5 

 SCHEDULE “A” 

FLOOR PLAN SHOWING THIRD EXPANSION PREMISES 
  

 

  
 6 

 SCHEDULE “A-1” 

FLOOR PLAN SHOWING PASS THROUGH ELECTRICAL ROOM 
  

 

  
 7 

 SCHEDULE “A-2” 

ADDITIONAL TENANT EXCLUSIVE PARKING SPOTS 
  

 

  
 8 

 SCHEDULE “B” 

LANDLORD’S WORK 
 LANDLORD’S
WORK: 
 The Tenant shall take the Third Expansion Premises on an “as is” basis except he Landlord, without limiting the above, shall be
responsible for the following for the Third Expansion Premises: 
 1. Supply and install, a new ten (10) ton HVAC unit no distribution (as is). (Tenant
acknowledges that as at the date of this Agreement, the Landlord has completed this supply and installation of the HVAC Unit) 
 2. Existing electrical
conduit and wire to space, no hook-up. 
 3. Construct demising wall (drywall/block wall, as determined by the Landlord) for Unit 6 of the Third Expansion
Premises. 
 4. Landlord to fill in and repair the plumbing trench currently in place in Unit 6 of the Third Expansion Premises 

All such work shall be completed in a good and workmanlike manner in accordance with all then applicable laws including, without limitation, building codes.

 All to be completed by the Landlord at Landlord’s sole cost and expense unless otherwise provided in this Schedule “B”. 

  
 9EX-10.14

 Exhibit 10.14 

FOURTH LEASE EXPANSION AND AMENDING AGREEMENT 

THIS AGREEMENT made as of the 30 day of April, 2015. 

B E T W E E N: 
 250 BOWIE HOLDINGS INC.

 (the “Landlord”) 

- and - 
 CANADA GOOSE INC.

 (the “Tenant”) 
 WHEREAS:

 A. By a lease made the 3rd day of February, 2012 (the “Lease”), the Landlord
leased to Canada Goose Inc. certain premises containing approximately 101,593 square feet of rentable area (the “Original Premises”), on the first floor the building municipally known as 250 Bowie Avenue, Toronto, ON (the
“Building”) and shown on the plan attached as Schedule “A” to the Lease, upon and subject to the terms and conditions therein set out; 

B. By a Lease Expansion and Amending Agreement made as of the 1st day of July, 2013 (the
“First Expansion Agreement”), Canada Goose Inc., as tenant, agreed with the Landlord to lease additional premises in the Building comprising approximately 16,600 square feet of contiguous space (the “First Expansion
Premises”) on the terms and conditions set forth therein; 
 C. The total rentable area of the Original Premises and the First
Expansion Premises was certified as being 122,541 square feet. 
 D. The Lease was assigned to Canada Goose Products Inc. on or about
December 9, 2013. On or about December 10, 2013, Canada Goose Products Inc. changed its name to Canada Goose Inc.; 
 E. By a Lease
Expansion and Amending Agreement made as of the 27th day of January, 2014 (the “Second Expansion Agreement”), the Tenant has agreed with the Landlord to lease additional premises
in the Building (the “Second Expansion Premises”) comprising (i) Unit 2 on the ground floor of the Building containing approximately 11,408 square feet of space, and (ii) Units 4 and 5 on the second floor of the
Building containing approximately 20,575 square feet of space, on the terms and conditions therein set forth.; 
 F. The total rentable
area of the Second Expansion Premises was certified as being 31,983 square feet by the Landlord’s architect on March 2, 2015 

 G. By a Lease Expansion and Amending Agreement made as of the 14th day of November, 2014 (the
“Third Expansion Agreement”), the Tenant has agreed with the Landlord to lease additional premises in the Building (the “Third Expansion Premises”) comprising (i) Unit 1 on the ground floor of the Building
containing approximately 8,451 square feet of space, and (ii) Units 6 on the ground floor of the Building containing approximately 7,078 square feet of space, on the terms and conditions therein set forth. 

H. The total rentable area of the Third Expansion Premises was certified as being 15,529 square feet by the Landlord’s architect on
March 2, 2015. 
 I. The total rentable area of the Original Premises, First Expansion Premises, Second Expansion Premises and Third
Expansion Premises was certified as being 170,053 square feet by the Landlord’s architect on March 2, 2015. 
 J. The original Lease
as amended by the First Expansion Agreement, the Second Expansion Agreement and the Third Expansion Agreement is hereinafter referred to as the Lease; 

K. The Tenant has agreed with the Landlord to lease additional premises in the Building comprising Unit 3 on the ground floor of the Building being
approximately 11,933 square feet of space, as shown outlined in green and cross hatched on Schedule “A” attached hereto; 
 L. The
Landlord and the Tenant have agreed to amend the Lease in accordance with and subject to the terms and conditions hereinafter set forth; 

NOW THEREFORE THIS AGREEMENT WITNESSETH that in consideration of the sum of Two Dollars ($2.00) now paid by each party to the other (the
receipt and sufficiency of which are hereby acknowledged) and other mutual covenants and agreements, the parties do hereby agree as follows: 
  

	1.	The foregoing recitals are true in substance and in fact. 

  

	2.	The Landlord hereby leases to the Tenant, and the Tenant agrees to lease from the Landlord, those certain additional premises in the Building being comprised of Unit 3 on the ground floor of the Building as shown
outlined in green and cross hatched on Schedule “A” attached hereto containing approximately 11,933 square feet of rentable area (collectively the “Fourth Expansion Premises”) for a term commencing on May 1,
2015 (the “Effective Date”) and expiring on June 30, 2023, upon the same terms, covenants and conditions as are contained in the Lease (including, without limitation, all covenants personal to the Tenant which may not run with
the land) except that there shall be no inducement or allowance payable by the Landlord to the Tenant for the Fourth Expansion Premises, except as otherwise provided herein. Tenant shall be permitted to take possession of the Fourth Expansion
Premises on May 1, 2015 (“Possession Date”). 

  

	3.	 (a) The Landlord covenants and agrees that it shall complete the Landlord’s work set out on Schedule
“B” attached to this Agreement (“Landlord’s Expansion Work”), at Landlord’s sole cost and expense, by no later than April 30, 2015. Landlord warrants that as at May 1, 2015, there will be an HVAC unit
to serve the Fourth Expansion Premises for immediate use (in accordance with Schedule B hereto) and that all Structural 

  
 -2- 

	 	
Elements of the Fourth Expansion Premises (including the roof) and the Building systems serving the Fourth Expansion Premises (including but not limited to the HVAC unit) will be in good working
order and repair and that the Fourth Expansion Premises shall comply with all then applicable building codes. 

 (b) The Tenant
shall have the right to create fire exits or corridors from the Premises in order to comply with applicable laws, including fire codes, and the Landlord will cooperate with the Tenant in this regard. 

(c) The Tenant may supply and install, for the exclusive use of the Premises, additional HVAC units in locations to be designated by the
Tenant, as per plans approved by the Landlord, which approval shall not be unreasonably withheld or unduly delayed. 
  

	4.	The Lease is hereby further amended as follows: 

  

	 	(a)	From and after the Effective Date, all references in the Lease to the “Premises” shall be deemed to mean the Original Premises, the First Expansion Premises, the Second Expansion Premises, the Third Expansion
Premises plus the Fourth Expansion Premises. 

  

	 	(b)	The annual Base Rent payable under Section 5.02 of the Lease for the Fourth Expansion Premises (being approximately 11,933 square feet) shall be as follows: 

 

							
	 Period of Time
	  	Annual
Base Rent	  	Monthly
Base Rent	  	 Amount Per Square Foot
of Rentable Area

	 May 1, 2015 to June 30, 2023
	  	$83,531.00	  	$6,960.92	  	$7.00

 The Base Rent payable under Section 5.02 of the Lease for the entire Premises (being approximately
181,986 square feet) shall be as follows: 
  

							
	 Period of Time
	  	Annual
Base Rent	  	Monthly
Base Rent	  	 Amount Per Square Foot
of Rentable Area

	 May 1, 2015 to June 30, 2023
	  	$1,351,547.00	  	$112,628.92	  	 $7.00 for the Fourth
 Expansion Premises;

 
 $12.00 for the Third

Expansion Premises;
  

$7.00 for the Original Premises, First Expansion Premises and Second Expansion Premises.

  
 -3- 

	 	(c)	If at any time those premises on the ground floor of the Building identified as Unit 5 comprising approximately 9,199 square feet of rentable area and shown in blue and hatched on Schedule “A-l” attached
hereto (the “Unit 5 Premises”) become available to lease, the Landlord shall forthwith notify the Tenant, in writing, as to the date the Unit 5 Premises will be vacant and available to lease, and the Tenant shall have fifteen
(15) days from the date the Tenant receives the notice from the Landlord to advise the Landlord that it elects to Lease the Unit 5 Premises from the Landlord. Should the Tenant so elect to lease the Unit 5 Premises, the lease of the Unit 5
Premises shall be on the same terms as the Lease, save and except for the Base Rent which shall be negotiated at the time (and if the parties are unable to agree on the Base Rent, same shall be determined by arbitration in the manner contemplated in
last three sentences of Section 21.01 of the Lease) and the Unit 5 Premises will be provided on an “as is” basis. If the Tenant leases the Unit 5 Premises pursuant to this paragraph, then the parties shall enter into a Lease Expansion
and Amending Agreement to reflect the expansion within thirty (30) days of the date the Tenant exercises its right to lease the Unit 5 Premises. 

  

	 	(d)	If at any time those premises on the second floor of the Building identified as Unit 7 comprising approximately 8,992 square feet of rentable area and shown in green and cross-hatched on Schedule “A-2”
attached hereto (the “Second Floor Expansion Premises”) become available to lease, the Landlord shall forthwith notify the Tenant, in writing, as to the date the Second Floor Expansion Premises will be vacant and available to lease,
and the Tenant shall have fifteen (15) days from the date the Tenant receives the notice from the Landlord to advise the Landlord that it elects to Lease the Second Floor Expansion Premises from the Landlord. Should the Tenant so elect to lease
the Second Floor Expansion Premises, the lease of the Second Floor Expansion Premises shall be on the same terms as the Lease, save and except for the Base Rent which shall be negotiated at the time (and if the parties are unable to agree on the
Base Rent, same shall be determined by arbitration in the manner contemplated in last three sentences of Section 21.01 of the Lease) and the Second Floor Expansion Premises will be provided on an “as is” basis. If the Tenant leases
the Second Floor Expansion Premises pursuant to this paragraph, then the parties shall enter into a Lease Expansion and Amending Agreement to reflect the expansion within thirty (30) days of the date the Tenant exercises its right to lease the
Second Floor Expansion Premises. 

  

	5.	Landlord and Tenant acknowledge that neither of them have retained the services of a broker or agent in connection with this Agreement. 

 

	6.	Except as hereby amended, the parties confirm that the terms, covenants and conditions of the Lease remain unchanged and in full force and effect. 

 

	7.	It is understood and agreed that all terms and expressions when used in this Agreement, unless a contrary intention is expressed herein, have the same meaning as they have in the Lease. 

  
 -4- 

	8.	This Fourth Lease Expansion and Amending Agreement shall enure to the benefit of and be binding upon the parties hereto and their respective heirs, executors, administrators, successors and assigns, as the case may be.

 IN WITNESS WHEREOF the parties have hereto duly executed this Lease Extension Agreement. 

 

			
	250 BOWIE HOLDINGS INC.
	
	(Landlord)
		
	Per:	 	 /s/ Authorized Person

		 	Name: Authorized Person
		
		 	Title: A.S.O.
		
		 	I have authority to bind the Corporation.
	
	CANADA GOOSE INC.
	
	(Tenant)
		
	Per:	 	/s/ Dani Reiss
		 	Name: Dani Reiss
		
		 	Title: CEO
	
		
	Per:	 	/s/ John Black
		 	Name: John Black
		 	Title: CFO
		
		 	I/We have authority to bind the Corporation

  
 -5- 

 SCHEDULE”A” 

FLOOR PLAN SHOWING FOURTH EXPANSION PREMISES 
  

 

  
 -6- 

 SCHEDULE A-1 

UNIT 5 PREMISES 
  

 

  
 -7- 

 SCHEDULE A-2 

SECOND FLOOR EXPANSION PREMISES 
  

 

  
 -8- 

 SCHEDULE “B” 

LANDLORD’S WORK 
 LANDLORD’S
WORK: 
 The Tenant shall take the Fourth Expansion Premises on an “as is” basis except the Landlord, without limiting the above, shall be
responsible for the following for the Fourth Expansion Premises: 
 1. Two (2) Ten (10) ton HVAC units, no distribution (as is). (Tenant
acknowledges that as at the date of this Agreement, the Landlord has completed this supply and installation of the HTVAC Units) 
 2. Existing electrical
conduit and wire to space, no hook-up (Tenant acknowledges hydro service and panel as is). 
 3. Construct demising wall (drywall/block wall, as determined
by the Landlord) as shown in blue on Schedule B-l hereto. 
 All such work shall be completed in a good and workmanlike manner in accordance with all then
applicable laws including, without limitation, building codes. 
 All to be completed by the Landlord at Landlord’s sole cost and expense unless
otherwise provided in this Schedule “B”. 

  
 -9- 

 SCHEDULE “B-1” 

DEMISING WALL TO BE CONSTRUCTED 
  

 

  
 -10-

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