LEASE AGREEMENT HALIFAX REIONAL MUNICIPALITY AND 1
THIS AGREEMENT made and entered into on the ____ day of ______, 2010 BETWEEN: HALIFAX REGIONAL MUNICPALITY, a municipal body corporate; (hereinafter called “HRM”) - and - OF THE ONE PART ____________________________ (hereinafter called the “Licensee”) OF THE OTHER PART WHEREAS the Licensee, _______________, by executing this Agreement, has agreed to comply with the a<strong>for</strong>ementioned terms and conditions. NOW THEREFORE THIS AGREEMENT WITNESSETH that <strong>for</strong> and in consideration of payment by the Licensee to HRM, annual license fees, in the amount as set out below, in lawful money of Canada, being payable, in advance as set out in the below payment schedule: 1. HRM grants the Licensee exclusive use of the Canteen Facility, ______________, owned by HRM and situated in <strong>Halifax</strong> <strong>for</strong> the purposes of operating canteen concessions. The period of the Agreement is June 1, 2010, to October 31, 20___. 2. Payment Schedule: Year 1 – Fee of $3,500.00 plus HST is due and payable, 14 days in advance of taking possession of the Canteen Facility and canteen facility must be open no later than June 1, 2010. Year 2 – Fee equal to 7.5% of the canteen’s year 1 gross income plus HST, payable in advance, in one lump sum on or be<strong>for</strong>e November 15, 2010. Year 3 – Fee equal to 7.5% of the canteen’s year 2 gross income plus HST, payable in advance, in one lump sum on or be<strong>for</strong>e November 15, 2011. Licensee is responsible to provide to Licensor “audited financial statements” showing calculation of gross income with annual payment. 3. Except as otherwise specified in this agreement, HRM grants the Licensee exclusive rights within the Park <strong>for</strong> the sale of ___________________________________. PROVIDED, HOWEVER, that the Licensee agrees not to sell cotton candy, popcorn, or peanuts in a shell. All sales are to be conducted from the Canteen Facility. 4. The Licensee acknowledges that the supply of equipment and utensils to the Canteen Facility as well as the repair of same is the responsibility of the Licensee. 5. The Licensee agrees that all goods shall be sold only in the areas used as a canteen and that no goods of any nature whatsoever shall be sold throughout the Park by peddler or peddlers employed by the said Licensee or by any other method. HRM agrees that no goods of any 2