Document:

Exhibit 10.46

 

THIRD AMENDMENT TO THE LEASE 
 RENEWAL OF THE LEASE TERM

 

February 20th, 2014

 

	
BETWEEN:
    	
OLYMBEC DEVELOPMENT INC.
    
	
 
    	
(Previously: Olymbec Development   (2004) Inc.)
    
	
 
    	
333 Decarie Blvd., 5th Floor
    
	
 
    	
St-Laurent, Quebec
    
	
 
    	
H4N 3M9
    
	
 
    	
(hereinafter referred to as the “LESSOR”)
    
	
 
    	
 
    
	
 
    	
NEW QST# 1205414424 TQ0001
    
	
 
    	
NEW GST# 145375507 RT0001
    
	
 
    	
 
    
	
AND:
    	
DAVIDSTEA INC.
    
	
 
    	
5690 Paré Street
    
	
 
    	
Town of Mount-Royal, Quebec
    
	
 
    	
H4P 2M2
    
	
 
    	
(hereinafter referred to as the “LESSEE”)
    
	
 
    	
 
    
	
 
    	
MATRICULE: 1165187155
    

 

 

PREAMBLE

 

 

WHEREAS the Lessor and the Lessee (the “Parties”) entered into a Lease Agreement dated April 28th, 2010, (the “Lease”) the whole with respect to the premises forming part of Lessor’s building known as 5690-5700 Pare Street, Town of Mount-Royal, Province of Quebec (the “Building”), which premises bear civic number 5690 and 5692 Paré, having a rentable area of approximately TWENTY-THREE THOUSAND ONE HUNDRED FIFTY-TWO (23,152) SQUARE FEET (which includes service areas) (the “Initial Premises”);

 

WHEREAS Olymbec Development (2004) Inc. was merged with Olymbec Development Inc, on January 1st, 2011;

 

WHEREAS by First Addendum to the Lease - Additional Premises and Renewal of the Combined Premises dated January 19th, 2011, Lessee leased from Lessor, some additional premises, said premises are located in the Lessor’s Building and are designated as 5692 Pare, and contain an approximate gross rentable area of SEVENTEEN THOUSAND SEVEN

 

 

HUNDRED AND FOUR (17,704) SQUARE FEET (the “First Additional Premises”). The Term of the Initial Premises was also extended to June 30th, 2014;

 

WHEREAS by Second Addendum to the Lease - Additional Premises dated January 2nd, 2011, Lessee leased from Lessor, some second additional premises, said second premises are located in the Lessor’s Building and are designated as 5700 Pare, and contain an approximate gross rentable area of TWENTY THOUSAND SIX HUNDRED SIXTY-THREE (20,663) SQUARE FEET (the “Second Additional Premises”);

 

WHEREAS the Initial Premise, the First Additional Premises and the Second Additional Premises are, as of the date of these presents, referred to as (the “Combined Premises”);

 

WHEREAS the Combined Premises contain an approximate gross rentable area of SIXTY-ONE THOUSAND FIVE HUNDRED AND NINETEEN (61,519) SQUARE FEET (which includes service areas) and represents 100% of the total rentable area of the Building;

 

WHEREAS the Lessee and Lessor are agreeable to extend the term of the Combined Premises by a period of TWO (2) years, the whole subject to the modifications and provisions contained herein;

 

IN WITNESS WHEREOF, THE LESSOR AND THE LESSEE MUTUALLY AGREE TO THE FOLLOWING:

 

1.                                      PREAMBLE:

 

The Preamble is true and correct, both in substance and in fact, and that said Preamble forms an integral part hereof as if it were recited at length.

 

2.                                      EXTENDED TERM:

 

The term of the Lease is hereby extended for a further period of TWO (2) years, to commence on July 1st, 2014 and to be fully completed and ended on the 30th day of June, 2016 (the “Extended Term”).

 

3.                                      CONDITION OF THE PREMISES:

 

The Lessee expressly covenants and agrees that it is fully aware of the condition of the Premises and hereby accepts the Premises in its present condition “as is” and acknowledges that the Lessor shall not perform any renovation, alterations or leasehold improvements in or to the Premises, save and except that Lessor shall, at its cost, sixty (60) days after the signature of these presents:

 

·                                       Verify the wall and the holes and cracks wilt be repaired and closed;

·                                       Verify the roof ensure that the roof leaks are repaired;

·                                       Ensure that all the radiant heaters are fully functional;

·                                       Verify the plumbing to ensure that sewer odors are stopped;

·                                       Repair the garage doors on the east parking lot and adjust to truck level heights;

 

 

4-                                     BASE GROSS RENT:

 

(i)                                  For the period commencing July 1st, 2014 and terminating June 30th, 2016, a monthly Base Gross Rent in the amount of Thirty-eight Thousand Four Hundred Forty-nine Dollars and Thirty-eight Cents ($38,449.38), said monthly Base Gross Rent being calculated on the annual basis of Seven Dollars and Fifty Cents ($7.50) per square foot, plus G.S.T. and Q.S.T.

 

5.                                      BROKERAGE COMMISSION:

 

The Lessee declares and confirms, by these presents, that no broker or agent was involved in the present transaction.

 

Consequently, the Lessee guarantees that no commissions or charges are payable to any broker or agent with respect to the present transaction. The Lessee shall indemnify and hold the Lessor harmless from any and all claims for commissions or charges.

 

6.                                       DEPOSIT:

 

Any deposit of any nature whatsoever that could have been remitted to the Lessor by the Lessee will continue to be retained by the Lessor during the Renewed Term as a security deposit, refundable to the Lessee, subject to any deduction for monetary default or damage caused to the Premises by the Lessee, or by anyone for whom the Lessee is responsible by law, thirty (30) days after the expiration of the Term.

 

7.                                       RIGHT OF EARLY TERMINATION

 

Article 7 of the First Addendum to the Lease - Additional Premises and Renewal of the Combined Premises dated January 19th, 2011 is hereby deleted.

 

8.                                       MODIFICATIONS:

 

The following clauses are hereby added to the Lease:

 

A)                                    HVAC

 

It is expressly agreed and the Lessee covenants that it must, throughout the Term and/or any renewal or extension thereof, as the case may be, be responsible for the maintenance and repairs to the H.V.A.C. system and shall enter in to a maintenance contract with an accredited company and the Lessee must remit a copy of said contract to the Lessor.

 

9.                                      RENTAL ARREARS:

 

The present Third Renewal is conditional upon Lessee remitting to Lessor, at the signature of these presents, a cheque in the amount of $300.37 representing Word Order #40868.

 

 

10.                               ACCEPTANCE:

 

The present Third Renewal and Amendment to the Lease is open for signature and acceptance by the Lessee until 3:00PM on the 241h day of February, 2014, after which it shall be null and void and of no effect.

 

Furthermore the present Third Renewal and Amendment to the Lease shall not be considered as binding the Lessor and the Lessee unless said Third Renewal and Amendment to the Lease is accepted and signed by the Lessor.

 

In addition, the present Third Renewal and Amendment to the Lease may not be considered as binding upon the Lessor, if at the time of its execution; Lessee owes rent, additional rent or any other sums due to the Lessor. Lessor reserves the right, at its sole discretion to declare these presents null and void under those circumstances.

 

11.                               ENTIRE AGREEMENT:

 

Save and except for the terms and conditions contained herein, all other terms and conditions of the Lease shall remain unmodified and in full force and effect throughout the Extended Term.

 

The present Third Renewal and Amendment to the Lease, along with the Lease, as defined herein, represent the entire agreement intervened between the parties with regard to the Premises. All capitalized terms used in the present Third Renewal and Amendment to the Lease shall have the same meaning attributed to them in the Lease and shall be interpreted likewise, unless otherwise modified herein.

 

SIGNED AND ACCEPTED ON THIS 3  DAY OF April 2014.

 

	
 
    	
 
    	
OLYMBEC DEVELOPMENT INC.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
/s/ Witness 
    	
 
    	
/s/ Derek Stern 
    
	
Witness
    	
 
    	
Per: Derek Stern
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Witness
    	
 
    	
 
    
	
 
    
	
SIGNED   AND ACCEPTED ON THIS 27 DAY OF February 2014.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
DAVIDSTEA INC.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
/s/ Witness 
    	
 
    	
/s/ Herschel Segal 
    
	
Witness
    	
 
    	
Per: Herschel Segal  
    
	
 
    	
 
    	
 
    
	
/s/ Witness
    	
 
    	
/s/ Howard Tafler  
    
	
Witness
    	
 
    	
Per: Howard TaflerExhibit 10.47

 

MONTH TO MONTH TENANCY AGREEMENT

 

This Agreement (the “Agreement”) made this 14th day of February 2011, by and between Le Chateau Inc. a Canadian corporation, having offices at 8300 Decarie, Montreal, Quebec H4P 2P5 (the “Licensor”) and DAVIDs TEA Inc., a Canadian corporation, having offices at 5775A, Ferrier Street, Mont-Royal, Quebec H4P 1N3 (the “Licensee”).

 

WITNESSETH:

 

That for and in consideration of the mutual promises and subject to the terms and conditions set forth herein, Licensor hereby grants to Licensee the right and license to install, maintain and operate, in accordance with the provisions hereinafter set forth, a business and for no other purpose, in a portion of those premises located at 5775A Ferrier Street, Town of Mount-Royal, Quebec, which premises (the “Premises”) are leased to Licensor.  Licensor and Licensee acknowledge and agree that Licensee shall have the right to exercise its rights contained herein, subject and subordinate to the provisions of that certain Lease for the Premises dated March 23rd 2006 (collectively the “Lease”).

 

1.                                      Month to Month Occupancy

 

The term of this Agreement shall commence on the day that Licensor delivers the Licensed Location (as hereinafter defined) to Licensee for fixturing (“Delivery Date”), and Licensee will occupy the Premises from month to month and the License Fee shall be payable in advance on the first day of each month.  There is no tacit renewal of this Agreement despite any statutory provision or legal presumption to the contrary, including, without limitation, Article 1879 of the Civil Code of Quebec or similar legislation.  The Licensor and/or Licensee may terminate this Agreement on the last day of any calendar month by delivery of at least thirty (30) days prior written notice of termination to the other.

 

 

2.                                      Payments

 

During the Term of the Agreement, commencing on the April 01, 2011 (the “Commencement Date”), Licensee shall pay to Licensor throughout the term as license fees (the “License Fees”) payable as follows:

 

	
Period
    	
 
    	
Monthly rate of the Licensed Location
    
	
April 1, 2011 —   the Commencement Date
    	
 
    	
Six Thousand two hundred and fifty dollars   ($6,250.00) gross monthly   payable every first of the month plus GST and QST
    

 

The License Fees shall be payable in equal consecutive monthly payments, starting on the Commencement Date, in advance on the first (1st) day of each month of the Term and shall be payable without abatement, demand or set-off.  Payment shall be prorated on a daily basis for any partial month.  The Licensor may at the end of each twelve (12) consecutive month period, revise the License Fees payable.

 

2.1                               Fixturing Period

 

The Licensee shall have a fixturing period of twenty-eight (28) days commencing on March 1, 2011 and expiring on March 31, 2011 (the “Fixturing Period”) and the License Fees shall be abated during the Fixturing Period.  During the Fixturing Period, the Licensee is bound by all the terms of this Agreement, including the obligation to deliver certificates of insurance executed by the Licensee’s insurers prior to the commencement of the Fixturing Period.

 

3.                                      Use & Occupancy

 

The License granted under this Agreement shall apply with respect only to the Premises.  Licensee shall have the right to use and occupy approximately nine thousand six hundred nineteen (9,619) square feet of the Premises as shown outlined on Schedule “A” (the “Licensed Location”).  Licensee shall have the exclusive right to use the Licensed Location for the Business.  Throughout the Term, the Licensee shall

 

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diligently and continuously conduct the Business in the Licensed Location.  Licensee, its employees and/or agents shall not do or fail to do anything in the Licensed Location and/or the Premises which would violate the Lease.  Licensor may, from time to time, give Licensee notice of any act or omission by Licensee, its employees or agents that is, would or could be a violation of the Lease.  Upon Licensee’s receipt of notice, Licensee, its employees and/or agents shall promptly cease and refrain from doing at all future times any and everything that Licensor advises Licensee, is, would or could be a violation of its Lease for the Premises.

 

Licensee shall maintain and conduct its operations in a first class and proper manner.  Licensee’s use of the Licensed Location shall be subject to such reasonable limitations and restrictions as Licensor may, from time to time, impose (including hours of operation during which the Business); provided, however, that such restrictions and limitations shall not require that Licensee be open or conduct any business in contravention of the law or at unreasonable times.  Except in the case of an emergency, Licensor’s personnel shall not block or unduly restrict access to the Licensed Location.

 

4.                                      Licensee’s Employees

 

All persons employed by Licensee in or about or in connection with, the operation of the Licensed Location shall be Licensee’s employees for all purposes.  Licensee shall, at its own cost and expense, maintain worker’s compensation coverage, unemployment compensation coverage and any other coverage which may be required by law with respect to Licensee’s employees.

 

Licensor shall prohibit and Licensee shall prohibit their respective employees from soliciting the other’s employees.

 

5.                                      Improvements, Additions, and Signs

 

The Licensee accepts the Licensed Location in its “as is” condition and acknowledges receiving the Licensed Location furnished with the fixtures, equipment and furnishings in good condition as listed in Schedule “B” attached hereto (the “Leasehold Improvements”).  The Licensee shall, at its sole cost and expense, take care of,

 

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maintain, and replace any Leasehold Improvement listed in Schedule “B”.  The Licensee shall not have to repair what is considered normal wear and tear during occupancy.

 

Licensee, at its sole cost and expense, shall furnish and install its own signage, and telephone, as it deems necessary or desirable for its operations at the Licensed Location and shall pay for all costs of modification of the existing space or the installation of any additional fixtures, equipment and furnishings the Licensee may require.  Licensee shall not take any action, which would violate the Lease.  Licensee shall use materials of equal or better quality than those used in the construction of the Premises and comply with all applicable laws, orders and regulations of Federal, Provincial and Municipal authorities and with any direction given by a public officer pursuant to law and with all regulations of any fire underwriters association having jurisdiction.  Licensee shall not make any modification nor shall it attach any fixtures, signage or equipment to the Premises without Licensor’s prior written approval, such approval not to be unreasonably withheld or delayed.  Licensee shall submit plans and specifications in reasonable detail (including, without limitation, proposed elevations and design detail, electrical and mechanical systems, colour and proposed materials) of the proposed improvements to Licensor for written approval prior to doing any work, such approval not to be unreasonably withheld or delayed.  Licensee shall obtain or cause to be obtained all building permits, licenses, temporary and permanent certificates of occupancy and other governmental approvals which may be required in connection with the Licensed Location.  Any work done pursuant to this article shall be at times which are agreeable to Licensor acting reasonably.  The manager of the Premises acting reasonably may require Licensee to temporarily cease carrying on the whole or part of the work, and Licensee agrees to immediately cease work, provided that Licensor prescribes a time or times during which such work may be continued by Licensee.

 

6.                                      Maintenance and Repair

 

Licensee, at its sole cost and expense, shall take care of and maintain the Licensed Location in good order and repair.  Licensor shall, at its sole cost and expense, take

 

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care of and maintain in good working order or cause to be maintained, in good working order all portions of the Premises other than the Licensed Location, including without limitation, plumbing, electrical equipment, heating, air conditioning, doors, windows, and all other structural portions of the Premises and to make any necessary repairs with reasonable diligence, provided, however, that (a) the preceding shall not obligate Licensor to undertake any obligations greater than or different from those imposed on Licensor under the Lease, and (b) as to all such work for which Licensor’s Landlord is responsible for maintenance and repairs, Licensor’s sole responsibility shall be to use reasonable efforts to notify the Landlord to perform such repairs.  Licensee and its contractors shall be granted access to enter the Premises for the purpose of servicing, maintaining and otherwise performing service in connection with Licensed Location; provided, however, that they shall in no event disrupt Licensor’s business.  Licensor shall have access to the Licensed Location in the event of emergencies.

 

7.                                      Insurance

 

Licensee shall carry its own property insurance on its improvements to the Licensed Location and all other property in the Licensed Location.  Licensee shall also keep in force during the Term of this Agreement; (i) all risks (including flood and earthquake) property insurance in amounts sufficient to fully cover on a replacement cost basis Licensee’s improvements and all property in the Premises which is not owned by the Licensor or which Licensee is responsible to repair or maintain, or which is installed by or on behalf of the Licensee; (ii) sufficient public liability insurance, with Licensor named as additional insured, against claims for death, personal injury and property damage, arising out of or connected with the business of Licensor carried on within the Premises, in amounts which are from time to time acceptable to a prudent tenant where the Premise is located, with liability limits of not less than Five Million Dollars ($5,000,000.00) combined single limit for bodily injury and/or for property damage.  Licensor shall receive thirty (30) days prior written notice of cancellation of any such insurance policy.  All such insurance shall be with an insurer and provide such coverages as would be obtained by a prudent operator of the Business in the Licensed Location and shall otherwise be in form and substance satisfactory to the Licensor,

 

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acting reasonably.  Licensee shall furnish Licensor with a certificate evidencing such coverage within ten (10) days of the Delivery Date and upon request from time to time during the Term.

 

If the Licensee fails to obtain the insurance required under this Paragraph 7 and such failure is not cured within two (2) business days following written notice from the Licensor, the Licensor shall be entitled to obtain such insurance coverage (but without any obligation to do so) and the costs thereof shall be payable by the Licensee to the Licensor.

 

Licensor shall carry its own public liability and personal property insurance with respect to the Premises and the Licensed Location.

 

Licensee shall, at is own cost and expense, comply with all regulations or orders of any insurance company or companies relating to its operation of the Business.

 

Licensee shall indemnify and hold harmless Licensor, its agents, servants, employees and any other person for whom the Licensor is in law responsible from any and all claims, causes of action, damages, expenses and liability, including reasonable legal fees, sustained or incurred by any persons which are based upon or arise out of illness or injury, including death of any person or property damage to any property, and which arise from or in any manner out of any act or omission of Licensee, its agents, partners, independent contractors, employees, servants and any other person for whom Licensee is in law responsible.  Licensee shall immediately respond and assume the investigation, defence and expense of all claims and causes of action arising out of or in connection with such occurrences.  Licensor may, at its sole cost and expense, join in such defence with counsel of its choice.  Licensee shall not be liable in the event that any claim, damage, loss or injury is due to the negligent or wilful act or omission of Licensor, its agents, servants, employees or any other person for whom Licensor is in law responsible.

 

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8.                                      Default and Early Termination

 

If Licensee fails to pay the License Fees, or any other charges provided for hereunder when the same is due, and the same shall not be paid five (5) days after written notice, or if Licensee breaches any other covenant of this Agreement and fails to remedy same within ten (10) days after written notice of such breach, or as to matters which cannot be remedied in ten (10) days fails to commence efforts to remedy such default within such ten (10) day period and thereafter diligently to prosecute such efforts, Licensor may, in addition to any other rights it may have under this Agreement, declare this Agreement terminated and Licensee shall thereupon promptly vacate the Licensed Location, delivering same to Licensor in the condition set forth in paragraph 12 below, and if Licensee fails to do so, it shall be liable to Licensor for Licensor’s cost of doing same.  Anything in this Agreement to the contrary notwithstanding, if Licensee shall become insolvent, bankrupt or make an assignment for the benefit of creditors, or if Licensee or its interest hereunder shall be levied upon or sold under execution of other legal process, or if the act or omission of Licensee would or might cause a default under the Lease, Licensor may immediately terminate this Agreement and all License Fees in arrears, together with the next three (3) month’s License Fees shall immediately become due and payable.

 

It is expressly understood and agreed that the Agreement is subject and subordinate to the Lease, and Licensor shall have no liability whatsoever for termination of this Agreement with respect to the Licensed Location arising out of the Lease or any action under the Lease by any Landlord or party claiming under Landlord or under Lease.

 

9.                                      Possession Upon Termination

 

Upon any termination of this Agreement, whether at the end of the Term or otherwise, Licensee shall remove all its trade fixtures, except for the items listed in Schedule “B”, make good any damage caused by such removal, and surrender peaceful possession of the Licensed Location in “broom-clean” condition in as good condition as it received the same, loss or damage by fire or other casualty excepted.  All leasehold

 

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improvements installed by Licensee shall upon installation become the property of the Licensor.

 

10.                               Damage to Premises

 

If, by fire or other casualty, the Licensed Location or the Premises is destroyed or damaged to the extent that Licensee is deprived of occupancy or use of the same, Licensor agrees to notify Licensee as to whether it or the Premises’ Landlord has decided to repair the damage or destruction resulting from any casualty as soon as possible, subject to the provisions of the Lease.  If Licensor elects to repair such damage or destruction, Licensor shall proceed with due diligence to restore the Premises.  If the Premises is repaired, whether by Licensor or the Premises’ Landlord, Licensee shall proceed with due diligence to restore the Licensed Location to substantially the same condition as existed before such damage or destruction, and the sums payable hereunder with regard to such Licensed Location shall be abated from the date of such damage or destruction until restoration of the Premises and the Licensed Location is completed.  If Licensor notifies Licensee that neither Licensor nor the Landlord of the Premises has decided to repair such damage or destruction, this Agreement shall be terminated.  Nothing herein contained shall obligate Licensor to undertake any repair and/or restoration obligations not imposed on it by the Lease.

 

11.                               Expropriation

 

In the event of expropriation of all or part of the Premises, neither Licensor nor Licensee shall have a claim against the other for the shortening of the Term, nor the reduction or alteration of the Business and/or the Premises.  Licensor and Licensee shall each look only to the expropriating authority for compensation.

 

Licensor and Licensee agree to cooperate with one another so that each is able to obtain the maximum compensation from the expropriating authority as may be permitted in law in relation to their respective interests in the Premises or Business.  Nothing herein contained shall be deemed or construed to prevent Licensor or Licensee from

 

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enforcing and prosecuting a claim for the value of their respective interests in any expropriating proceedings.

 

12.                               Assignment

 

This Agreement may not be assigned or sublicensed or charged, encumbered or pledged without the written permission of Licensor, such permission not to be unreasonably withheld or delayed.  In any event, Licensee shall at all times remain liable hereunder.  This Agreement shall be binding upon and ensure to the benefit of the parties hereto and their respective permitted successors and assigns.

 

13.                               Security

 

Licensee acknowledges that (a) Licensor is not an insurer of the Licensed Location; (b) Licensor does not undertake to provide any security for the Licensed Location; and (c) that it shall be Licensee’s obligation to provide security for Licensee’s facilities.

 

14.                               Entire Agreement

 

The parties hereto agree that this Agreement sets forth all the promises, agreements and understandings between them with respect to the right and license to install, operate and maintain the Business in the Licensed Location.  There are no promises, agreements or understandings, either oral or written, between them regarding such matters other than as is set forth herein.  It is further agreed that any amendment or modification to this Agreement shall not be binding unless such amendment or modification is reduced to writing and signed by both parties.

 

15.                               Captions

 

The captions of the several sections of this Agreement are not part of the text hereof and shall be ignored in construing this Agreement.  They are intended only as aids in locating various provisions hereof.

 

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16.                               Severability

 

Each provision contained in this Agreement shall be independent and severable from all other provisions contained herein, and the invalidity of any such provisions shall in no way affect the enforceability of the other provisions.

 

17.                               Governing Law

 

This Agreement shall be governed and controlled by the laws of the Province of Quebec.

 

18.                               Notices

 

All notices and communications hereunder shall be in writing and signed by a duly authorized representative of the party making the same.  All notices shall be deemed effective when delivered personally or when deposited in Canada by registered mail, return receipt requested, postage prepaid is confirmed upon transmission by facsimile, addressed as follows:

 

(a)                                 If to Licensor, then to:

 

Le Chateau Inc.
 8300, Decarie Boulevard
 Montreal, Quebec  H4P 2P5

 

Attention:                                         Director, Real Estate
 Facsimile:                                         (514) 738-3670

 

(a)                                 If to Licensee, then to:

 

DAVIDs TEA Inc.
 5775A Ferrier Street
 Mont-Royal, QC  H4P 1N3

 

Attention:                                         David Segal
 Facsimile:                                         514-739-0200

 

The names and addresses for the purpose of this paragraph may be changed by giving notice of such change in the manner herein provided for giving notice.  Unless and until

 

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such written notice of change of address is actually received, the most recent name and address applicable under this Agreement may be used for all purposes hereunder.

 

19.                               Force Majeure

 

The performance of a party (except for payment of monies) shall be excused during the period and to the extent that such performance is rendered impossible, impractical or unduly burdensome due to acts of God, strikes, lockouts, or labour difficuIty, unavailability of parts through normal supply sources, failure of any utility to supply its services for reasons beyond a party’s control, explosion, sabotage, accident, riot or civil commotion, act of war, fire or other casualty, or any other cause beyond the reasonable control of the party whose performance is to be excused.

 

20.                               Language

 

The parties hereto acknowledge that they have required that the present document be drawn up in the English language.  Les parties déclarent qu’elles ont exigée que ce document soit rédigé en langue anglaise.

 

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IN WITNESS WHEREOF the parties hereto have executed and delivered this Agreement.

 

 

	
 
    	
LE CHATEAU INC.
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Emilia Di Raddo
    
	
 
    	
 
    	
Emilia Di Raddo, CA
   President
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Lee Albert
    
	
 
    	
 
    	
Lee Albert
   Director, Real Estate
    
	
 
    	
 
    	
 
    
	
 
    	
We have authority to bind the Corporation.
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
DAVIDs TEA INC.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ David Segal
    
	
 
    	
 
    	
David Segal
   President
    
	
 
    	
 
    
	
 
    	
I have authority to bind the Corporation.
    

 

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CORPORATE RESOLUTION

 

EXTRACT FROM THE RESOLUTION OF THE BOARD OF DIRECTORS OF LE CHATEAU INC. DATED OCTOBER 6, 2000.

 

RESOLVED:

 

THAT

 

(1)                                       either Herschel H. Segal acting together with any other officer of the Corporation or with the Director, Real Estate of the Corporation, or

 

(2)                                       the President together with the Director, Real Estate,

 

be and are hereby authorized to sign, on behalf of the Corporation, all offers to lease and leases for premises to be leased by the Corporation, as well as all other documents of any nature whatsoever relating thereto, including any documents amending or terminating such offers to lease or leases, the whole in such form and on such terms and conditions as the aforesaid signatories may, in their sole discretion, approve, such approval to be conclusively evidenced by their execution of such offers to lease, leases or other documents, as the case may be.

 

Certified to be a true copy of a resolution adopted by the board of directors of Le Château Inc., the 6th. day of October 2000, and further that the said Resolution is in full force and effect as of the date hereof.

 

Dated this 22nd day of February 2011.

 

 

	
/s/ Emilia Di Raddo
    	
 
    
	
Emilia Di Raddo, CA
    	
 
    
	
Secretary
    	
 
    

 

 

CORPORATE RESOLUTION

 

EXTRACT FROM THE RESOLUTION OF THE BOARD OF DIRECTORS OF DAVIDsTEA INC. DATED MARCH 11, 2001.

 

RESOLVED:

 

THAT

 

(1)                                       the President David Segal,

 

be and is hereby authorized to sign, on behalf of the Corporation, all offers to lease and leases for premises to be leased by the Corporation, as well as all other documents of any nature whatsoever relating thereto, including any documents amending or terminating such offers to lease or leases, the whole in such form and on such terms and conditions as the aforesaid signatories may, in their sole discretion, approve, such approval to be conclusively evidenced by their execution of such offers to lease, leases or other documents, as the case may be.

 

Certified to be a true copy of a resolution adopted by the board of directors of DAVIDsTEA INC, the 11th day of March, 2011, and further that the said Resolution is in full force and effect as of the date hereof.

 

Dated this 11th day of March 2011.

 

 

	
/s/ David Segal
    	
 
    
	
David Segal
    	
 
    
	
Secretary
    	
 
    

 

 

	
DAVIDsTEA
    	
SCHEDULE “B”
    
	
Furniture   Listing
    	
 
    

 

	
5775 Ferrier Furniture Description
    	
 
    	
Current Location
    	
 
    	
Property of
   number
    	
 
    	
To be removed
   or kept
    
	
Knoll Desk
    	
 
    	
Office 1
    	
 
    	
1000
    	
 
    	
Keep
    
	
Knoll Desk
    	
 
    	
Office 1
    	
 
    	
1001
    	
 
    	
Keep
    
	
Knoll Desk
    	
 
    	
Office 1
    	
 
    	
1002
    	
 
    	
Keep
    
	
Book Shelf
    	
 
    	
Office 1
    	
 
    	
1003
    	
 
    	
Keep
    
	
Book Shelf
    	
 
    	
Office 1
    	
 
    	
1004
    	
 
    	
Keep
    
	
Book Shelf
    	
 
    	
Office 1
    	
 
    	
1005
    	
 
    	
Keep
    
	
Book Shelf
    	
 
    	
Office 1
    	
 
    	
1006
    	
 
    	
Keep
    
	
Black 2 Drawer Filing Cabinet
    	
 
    	
Office 1
    	
 
    	
1007
    	
 
    	
Keep
    
	
Knoll Ped
    	
 
    	
Office 1
    	
 
    	
1008
    	
 
    	
Keep
    
	
Black Guest Chair
    	
 
    	
Office 1
    	
 
    	
1009
    	
 
    	
Keep
    
	
Desk With Return
    	
 
    	
Office 2
    	
 
    	
1010
    	
 
    	
Keep
    
	
Round Table
    	
 
    	
Office 2
    	
 
    	
1011
    	
 
    	
Keep
    
	
Credenza 2 Piece
    	
 
    	
Office 2
    	
 
    	
1012-1013
    	
 
    	
Keep
    
	
Rectangle Desk
    	
 
    	
Le Chateau Security
    	
 
    	
1014
    	
 
    	
Keep
    
	
Credenza
    	
 
    	
Le Chateau Security
    	
 
    	
1015
    	
 
    	
Keep
    
	
Monitor Cabinet
    	
 
    	
Le Chateau Security
    	
 
    	
1016
    	
 
    	
Keep
    
	
Rectangle Desk
    	
 
    	
Office 3
    	
 
    	
1017
    	
 
    	
Keep
    
	
Rectangle Desk
    	
 
    	
Office 3
    	
 
    	
1018
    	
 
    	
Keep
    
	
Rectangle Desk
    	
 
    	
Office 3
    	
 
    	
1021
    	
 
    	
Keep
    
	
Book Shelf
    	
 
    	
Office 3
    	
 
    	
1022
    	
 
    	
Keep
    
	
3 Drawer Filing Cabinet
    	
 
    	
Office 3
    	
 
    	
1026
    	
 
    	
Keep
    
	
Desk With Return
    	
 
    	
Office 4
    	
 
    	
1027
    	
 
    	
Keep
    
	
Book Shelf
    	
 
    	
Office 4
    	
 
    	
1028
    	
 
    	
Keep
    
	
Book Shelf
    	
 
    	
Office 5
    	
 
    	
1033
    	
 
    	
Keep
    
	
3 Drawer Filing Cabinet
    	
 
    	
Office 5
    	
 
    	
1034
    	
 
    	
Keep
    
	
Desk With Return
    	
 
    	
Office 5
    	
 
    	
1037
    	
 
    	
Keep
    
	
Book Shelf
    	
 
    	
Office 6
    	
 
    	
1038
    	
 
    	
Keep
    
	
Black Office Chair
    	
 
    	
Office 6
    	
 
    	
1039
    	
 
    	
Keep
    
	
Knoll Desk
    	
 
    	
Office 7
    	
 
    	
1040
    	
 
    	
Keep
    
	
Knoll Desk
    	
 
    	
Office 7
    	
 
    	
1041
    	
 
    	
Keep
    
	
Knoll Ped
    	
 
    	
Office 7
    	
 
    	
1043
    	
 
    	
Keep
    
	
Knoll Ped
    	
 
    	
Office 7
    	
 
    	
1044
    	
 
    	
Keep
    
	
Desk With Return
    	
 
    	
Office 8
    	
 
    	
1045
    	
 
    	
Keep
    
	
Book Shelf
    	
 
    	
Office 8
    	
 
    	
1046
    	
 
    	
Keep
    
	
Black Leather Office Chair
    	
 
    	
Office 8
    	
 
    	
1047
    	
 
    	
Keep
    
	
Desk With Return
    	
 
    	
Office 9
    	
 
    	
1048
    	
 
    	
Keep
    
	
Book Shelf
    	
 
    	
Office 9
    	
 
    	
1049
    	
 
    	
Keep
    

 

 

	
5775 Ferrier Furniture Description
    	
 
    	
Current Location
    	
 
    	
Property of
   number
    	
 
    	
To be removed
   or kept
    
	
Knoll Desk
    	
 
    	
Office 10
    	
 
    	
1050
    	
 
    	
Keep
    
	
Knoll Oval Table
    	
 
    	
Office 10
    	
 
    	
1051
    	
 
    	
Keep
    
	
Knoll Ped
    	
 
    	
Office 10
    	
 
    	
1052
    	
 
    	
Keep
    
	
Knoll Desk
    	
 
    	
Office 11
    	
 
    	
1053
    	
 
    	
Keep
    
	
Knoll Desk
    	
 
    	
Office 11
    	
 
    	
1054
    	
 
    	
Keep
    
	
Knoll Desk
    	
 
    	
Office 11
    	
 
    	
1055
    	
 
    	
Keep
    
	
Knoll Desk
    	
 
    	
Office 11
    	
 
    	
1056
    	
 
    	
Keep
    
	
Knoll Desk
    	
 
    	
Office 11
    	
 
    	
1057
    	
 
    	
Keep
    
	
Knoll Desk
    	
 
    	
Office 11
    	
 
    	
1058
    	
 
    	
Keep
    
	
Knoll Ped
    	
 
    	
Office 11
    	
 
    	
1059
    	
 
    	
Keep
    
	
Knoll Ped
    	
 
    	
Office 11
    	
 
    	
1060
    	
 
    	
Keep
    
	
Knoll Desk
    	
 
    	
Office 13
    	
 
    	
1061
    	
 
    	
Keep
    
	
Knoll Desk
    	
 
    	
Office 13
    	
 
    	
1062
    	
 
    	
Keep
    
	
Knoll Desk
    	
 
    	
Office 13
    	
 
    	
1063
    	
 
    	
Keep
    
	
Knoll Desk
    	
 
    	
Office 13
    	
 
    	
1064
    	
 
    	
Keep
    
	
Knoll Ped
    	
 
    	
Office 13
    	
 
    	
1065
    	
 
    	
Keep
    
	
Knoll Ped
    	
 
    	
Office 13
    	
 
    	
1066
    	
 
    	
Keep
    
	
Knoll Ped
    	
 
    	
Office 13
    	
 
    	
1067
    	
 
    	
Keep
    
	
Knoll Ped
    	
 
    	
Office 13
    	
 
    	
1068
    	
 
    	
Keep
    
	
Black Plastic Chair
    	
 
    	
Office 13
    	
 
    	
1069
    	
 
    	
Keep
    
	
Book Shelf
    	
 
    	
Office 13
    	
 
    	
1070
    	
 
    	
Keep
    
	
Rectangle Desk
    	
 
    	
Office 14
    	
 
    	
1072
    	
 
    	
Keep
    
	
Book Shelf
    	
 
    	
Office 14
    	
 
    	
1073
    	
 
    	
Keep
    
	
Knoll Desk
    	
 
    	
Office 16
    	
 
    	
1081
    	
 
    	
Keep
    
	
Knoll Ped
    	
 
    	
Office 16
    	
 
    	
1082
    	
 
    	
Keep
    
	
Book Shelf
    	
 
    	
Office 16
    	
 
    	
1083
    	
 
    	
Keep
    
	
Book Shelf
    	
 
    	
Office 16
    	
 
    	
1084
    	
 
    	
Keep
    
	
Book Shelf
    	
 
    	
Office 16
    	
 
    	
1085
    	
 
    	
Keep
    
	
Book Shelf
    	
 
    	
Office 16
    	
 
    	
1086
    	
 
    	
Keep
    
	
Book Shelf
    	
 
    	
Office 16
    	
 
    	
1087
    	
 
    	
Keep
    
	
Knoll Desk
    	
 
    	
Office 17
    	
 
    	
1088
    	
 
    	
Keep
    
	
Knoll Ped
    	
 
    	
Office 17
    	
 
    	
1089
    	
 
    	
Keep
    
	
Knoll Desk
    	
 
    	
Office 18
    	
 
    	
1091
    	
 
    	
Keep
    
	
Knoll Ped
    	
 
    	
Office 18
    	
 
    	
1092
    	
 
    	
Keep
    
	
Round Table
    	
 
    	
Office 18
    	
 
    	
1093
    	
 
    	
Keep
    
	
Knoll Desk
    	
 
    	
Office 19
    	
 
    	
1094
    	
 
    	
Keep
    
	
Knoll Desk
    	
 
    	
Office 19
    	
 
    	
1095
    	
 
    	
Keep
    
	
Knoll Ped
    	
 
    	
Office 19
    	
 
    	
1096
    	
 
    	
Keep
    
	
Knoll Ped
    	
 
    	
Office 19
    	
 
    	
1097
    	
 
    	
Keep
    

 

 

	
5775 Ferrier Furniture Description
    	
 
    	
Current Location
    	
 
    	
Property of
   number
    	
 
    	
To be removed
   or kept
    
	
Book Shelf
    	
 
    	
Office 19
    	
 
    	
1098
    	
 
    	
Keep
    
	
Black Leather Office Chair
    	
 
    	
Office 19
    	
 
    	
1099
    	
 
    	
Keep
    
	
Round Caf. Table
    	
 
    	
Office 20
    	
 
    	
1102
    	
 
    	
Keep
    
	
Round Caf. Table
    	
 
    	
Office 20
    	
 
    	
1103
    	
 
    	
Keep
    
	
Round Caf. Table
    	
 
    	
Office 20
    	
 
    	
1104
    	
 
    	
Keep
    
	
Round Caf. Table
    	
 
    	
Office 20
    	
 
    	
1105
    	
 
    	
Keep
    
	
Round Caf. Table
    	
 
    	
Office 20
    	
 
    	
1106
    	
 
    	
Keep
    
	
Round Caf. Table
    	
 
    	
Office 20
    	
 
    	
1107
    	
 
    	
Keep
    
	
Square Caf. Table
    	
 
    	
Office 20
    	
 
    	
1108
    	
 
    	
Keep
    
	
Square Caf. Table
    	
 
    	
Office 20
    	
 
    	
1109
    	
 
    	
Keep
    
	
Grey Chair
    	
 
    	
Office 20
    	
 
    	
1110
    	
 
    	
Keep
    
	
Grey Chair
    	
 
    	
Office 20
    	
 
    	
1111
    	
 
    	
Keep
    
	
Grey Chair
    	
 
    	
Office 20
    	
 
    	
1113
    	
 
    	
Keep
    
	
Grey Chair
    	
 
    	
Office 20
    	
 
    	
1114
    	
 
    	
Keep
    
	
Grey Chair
    	
 
    	
Office 20
    	
 
    	
1115
    	
 
    	
Keep
    
	
Grey Chair
    	
 
    	
Office 20
    	
 
    	
1116
    	
 
    	
Keep
    
	
Grey Chair
    	
 
    	
Office 20
    	
 
    	
1117
    	
 
    	
Keep
    
	
Grey Chair
    	
 
    	
Office 20
    	
 
    	
1118
    	
 
    	
Keep
    
	
Grey Chair
    	
 
    	
Office 20
    	
 
    	
1119
    	
 
    	
Keep
    
	
Grey Chair
    	
 
    	
Office 20
    	
 
    	
1120
    	
 
    	
Keep
    
	
Grey Chair
    	
 
    	
Office 20
    	
 
    	
1121
    	
 
    	
Keep
    
	
Grey Chair
    	
 
    	
Office 20
    	
 
    	
1122
    	
 
    	
Keep
    
	
Grey Chair
    	
 
    	
Office 20
    	
 
    	
1123
    	
 
    	
Keep
    
	
Grey Chair
    	
 
    	
Office 20
    	
 
    	
1124
    	
 
    	
Keep
    
	
Grey Chair
    	
 
    	
Office 20
    	
 
    	
1125
    	
 
    	
Keep
    
	
Grey Chair
    	
 
    	
Office 20
    	
 
    	
1127
    	
 
    	
Keep
    
	
Grey Chair
    	
 
    	
Office 20
    	
 
    	
1128
    	
 
    	
Keep
    
	
Grey Chair
    	
 
    	
Office 20
    	
 
    	
1129
    	
 
    	
Keep
    
	
Grey Chair
    	
 
    	
Office 20
    	
 
    	
1130
    	
 
    	
Keep
    
	
Grey Chair
    	
 
    	
Office 20
    	
 
    	
1131
    	
 
    	
Keep
    
	
Grey Chair
    	
 
    	
Office 20
    	
 
    	
1133
    	
 
    	
Keep
    
	
Grey Chair
    	
 
    	
Office 20
    	
 
    	
1134
    	
 
    	
Keep
    
	
Fridge
    	
 
    	
Office 20
    	
 
    	
1135
    	
 
    	
Keep
    
	
Fridge
    	
 
    	
Office 20
    	
 
    	
1136
    	
 
    	
Keep
    
	
Black Plastic Chair
    	
 
    	
Office 20
    	
 
    	
1137
    	
 
    	
Keep
    
	
Blue Guest Chair
    	
 
    	
Office 20
    	
 
    	
1138
    	
 
    	
Keep
    
	
Garbage Can With Lid
    	
 
    	
Office 20
    	
 
    	
1139
    	
 
    	
Keep
    
	
Garbage Can With Lid
    	
 
    	
Office 20
    	
 
    	
1140
    	
 
    	
Keep
    

 

 

	
5775 Ferrier Furniture Description
    	
 
    	
Current Location
    	
 
    	
Property of
   number
    	
 
    	
To be removed
   or kept
    
	
Desk With Return
    	
 
    	
Office 21
    	
 
    	
1143
    	
 
    	
Keep
    
	
Desk With Return
    	
 
    	
Office 21
    	
 
    	
1144
    	
 
    	
Keep
    
	
Black Cabinet
    	
 
    	
Office 21
    	
 
    	
1147
    	
 
    	
Keep
    
	
Knoll Ped
    	
 
    	
Reception
    	
 
    	
1150
    	
 
    	
Keep
    
	
Garbage Can With Lid
    	
 
    	
Women’s Bathroom
    	
 
    	
1151
    	
 
    	
Keep
    
	
Garbage Can With Lid
    	
 
    	
Men’s Bathroom
    	
 
    	
1152
    	
 
    	
Keep

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00243-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00243-of-00352.parquet"}]]