EX1A-6 MAT CTRCT 15 xtra_ex0602.htm COMMERCIAL LEASE AGREEMENT

Exhibit 6.2

 

COMMERCIAL LEASE AGREEMENT - RINK

 

 

 

THIS LEASE: Commercial Lease Agreement - Rink dated 1st of April, 2020.

 

BETWEEN:

 

 

Protocall Technologies Inc., 917 Bobwhite Street, Fruitland, Idaho 83619

Telephone: (208) 707-1008 Fax: (208) 906-8642 Email: protocalltechinfo@gmail.com

(the "Landlord", "Master Lease Holder" or "Lessor")

 

OF THE FIRST PART

 

 

-AND-

 

XTRA Bitcoin Inc. of 917 Bobwhite Street Fruitland, Idaho 83619

Telephone: (208) 630-6678 Email: paul@xtrabitcoin.com

(the "Tenant", "Sub-Tenant" or "Lessee")

 

OF THE SECOND PART

 

IN CONSIDERATION OF the Landlord leasing certain premises to the Tenant, the Tenant leasing those premises from the Landlord and the mutual benefits and obligations set forth in this Lease, the receipt and sufficiency of which consideration is hereby acknowledged, the Parties to this Lease (the "Parties") agree as follows:

 

Definitions

 

1.When used in this Lease, the following expressions will have the meanings indicated:

 

a."Additional Rent" means all amounts payable by the Tenant under this Lease except Base Rent, whether or not specifically designated as Additional Rent elsewhere in this Lease;

 

b."Building" means that portion of all buildings, improvements, equipment, fixtures, property and facilities located at 31 Railway Street, St. Jean Baptiste, MB, Canada ROG 2B0 that will be used by XTRA Bitcoin Inc for crypto mining up to 70% of 1.5MW and not to exceed 1400 square feet, as from time to time altered, expanded or reduced by the Landlord in its sole discretion;

 

c."Common Areas and Facilities" mean:

 

 

 

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i.those portions of the Building areas, buildings, improvements, facilities, utilities, equipment and installations in or forming part of the Building which from time to time are not designated or intended by the Landlord to be leased to tenants of the Building including, without limitation, exterior weather walls, roofs, entrances and exits, parking areas, driveways, loading docks and area, storage, mechanical and electrical rooms, areas above and below leasable premises and not included within leasable premises, security and alarm equipment, grassed and landscaped areas, retaining walls and maintenance, cleaning and operating equipment serving the Building; and

  

ii.those lands, areas, buildings, improvements, facilities, utilities, equipment and installations which serve or are for the useful benefit of the Building, the tenants of the Building or the Landlord and those having business with them, whether or not located within, adjacent to or near the Building and which are designated from time to time by the Landlord as part of the Common Areas and Facilities;

 

d."Leasable Area" means with respect to any rentable premises, the area expressed in square feet of all floor space including floor space of mezzanines, if any, determined, calculated and certified by the Landlord and measured from the exterior face of all exterior walls, doors and windows, including walls, doors and windows separating the rentable premises from enclosed Common Areas and Facilities, if any, and from the center line of all interior walls separating the rentable premises from adjoining rentable premises. There will be no deduction or exclusion for any space occupied by or used for columns, ducts or other structural elements;

 

e."Premises" means the commercial premises at 31 Railway Street, St. Jean Baptiste, Manitoba, Canada ROG 2BO.

 

f."Proportionate Share" means a fraction, the numerator of which is the Leasable Area of the Premises and the denominator of which is the aggregate of the Leasable Area of all rentable premises in the Building.

 

g."Rent" means the total of Base Rent and Additional Rent.

 

h."NNN" means that tenant pays all expenses including taxes, maintenance, and upkeep during tenancy.

 

Leased Premises

 

2.The Landlord agrees to rent to the Tenant a portion of the commercial premises municipally described as 31 Railway Street, St. Jean Baptiste, Canada ROG 2BO, (the "Premises"). The Premises are more particularly described as follows: Up to 1400 square feet of space as determined by Landlord and up to 70% of 1.5MW of electrical power if available from Hydro, to be known as Rink Lease.

 

 

 

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3.NNN lease with tenant paying alJ electrical infrastructure, building modifications, taxes, insurance, utilities and maintenance.

 

4.The Premises will be used for only the following permitted use (the "Permitted Use"): Data center including crypto mining.

 

5.No pets or animals, smoking or vaping are allowed to be kept or used in or about the Premises or in any common areas in the building containing the Premises.

 

6.Upon thirty (30) day notice, the Landlord may revoke any consent previously given under this clause.

 

7.Subject to the provisions of this Lease, the Tenant is entitled to the use of 2 designated parking (the 'Parking') and common areas for access to Rink Lease on or about the Premises. Only properly insured motor vehicles may be parked in the Tenant's space.

 

Term

 

8.The term of the Lease is 5 years, beginning on April 1, 2020 and ends March 31, 2025.

 

9.Should the Tenant remain in possession of the Premises with the consent of the Landlord after the natural expiration of this Lease, a new tenancy from month to month will be created between the Landlord and the Tenant at new rent rate equal to current rent plus 25%. Month to month tenancy will be subject to all the terms and conditions of this Lease but will be terminable upon either party giving one month's notice to the other party.

 

Rent

 

10.Rent and all other charges are designated and payable in United States Dollars.

 

11.Subject to the provisions of this Lease, the Tenant will pay a base rent of 70% of $700/month (0.18MW*$3884*70%)= $490.00 for the Premises (the "Base Rent"), without setoff, abatement or deduction. Rent is calculated at $3,884 per MW per month. In addition to the Base Rent, the Tenant will pay for any fees or taxes arising from the Tenant's business.

 

12.The Tenant will pay the Base Rent on or before the First of each and every month of the Tenn to the Landlord at 917 Bobwhite Street, Fruitland, Idaho 83619, or at such other place as the Landlord may later designate.

 

13.The Tenant will be charged an additional amount of$25.00 per day for any Rent that is received after the 5th of the month. 30-day old collection accounts accrue interest at 18% per annum.

 

 

 

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14.No acceptance by the Landlord of any amount less than the full amount owed will be taken to operate as a waiver by the Landlord for the full amount or in any way to defeat or affect the rights and remedies of the Landlord to pursue the full amount.

 

Operating Costs

 

15.In addition to the Base Rent, the Tenant will pay as Additional Rent, without setoff, abatement or deduction, its 10.55% Share (1400/13276=.1055) of all of the Landlord's costs, charges and expenses of operating, maintaining, repairing, replacing and insuring the Building including the Common Areas and Facilities from time to time and the carrying out of all obligations of the Landlord under this Lease and similar leases with respect to the Building ("Operating Costs").

 

16.Except as otherwise provided in this Lease, Operating Costs will not include debt service, depreciation, costs determined by the Landlord from time to time to be fairly allocable to the correction of construction faults or initial maladjustments in operating equipment, all management costs not allocable to the actual maintenance, repair or operation of the Building (such as in connection with ]easing and rental advertising), work performed in connection with the initial construction of the Building and the Premises and improvements and modernization to the Building subsequent to the date of original construction which are not in the nature of a repair or replacement of an existing component, system or part of the Building.

 

17.Operating Costs will also not include the following:

 

a.any increase in insurance premiums to the center as a result of business activities of other Tenants;

 

b.the costs of any capital replacements;

 

c.the costs incurred or accrued due to the willful act or negligence of the Landlord or anyone acting on behalf of the Landlord;

 

d.structural repairs;

 

e.costs for which the Landlord is reimbursed by insurers or covered by warranties;

 

f.costs incurred for repairs or maintenance for the direct account of a specific Tenant or vacant space;

 

g.costs recovered directly from any Tenant for separate charges such as heating, ventilating, and air conditioning relating to that Tenant's leased premises, and in respect of any act, omission, neglect or default of any Tenant of its obligations under its Lease; or

 

 

 

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h.any expenses incurred as a result of the Landlord generating revenues from common area facilities will be paid from those revenues generated.

 

18.The Tenant will pay:

 

a.To the Landlord, the Tenant's 10.55% Share of all real property taxes, rates, duties, levies and assessments which are levied, rated, charged, imposed or assessed by any lawful taxing authority (whether federal, state, district, municipal, school or otherwise) against the Building and the land or any part of the Building and land from time to time or any taxes payable by the Landlord which are charged in lieu of such taxes or in addition to such taxes, but excluding income tax upon the income of the Landlord to the extent that such taxes are not levied in lieu of real property taxes against the Building or upon the Landlord in respect of the Building.

 

b.To the lawful taxing authorities, or to the Landlord, as it may direct, as and when the same become due and payable, all taxes, rates, use fees, duties, assessments and other charges that are levied, rated, charged or assessed against or in respect of all improvements, equipment and facilities of the Tenant on or in default by the Tenant and in respect of any business carried on in the Premises or in respect of the use or occupancy of the Premises by the Tenant and every subtenant, licensee, concessionaire or other person doing business on or from the Premises or occupying any portion of the Premises.

 

19.For any rent review negotiation, the Base Rent will be calculated as being the higher of the Base Rent payable immediately before the date of review and the Open Market Rent on the date of review.

 

Landlord's Estimate

 

20.The Landlord may, in respect of all taxes and Operating Costs and any other items of Additional Rent referred to in this Lease compute bona fide estimates of the amounts which are anticipated to accrue in the next following lease year, calendar year or fiscal year, or portion of such year, as the Landlord may determine is most appropriate for each and of all items of Additional Rent, and the Landlord may provide the Tenant with written notice and a reasonable breakdown of the amount of any such estimate, and the Tenant, following receipt of such written notice of the estimated amount and breakdown will pay to the Landlord such amount, in equal consecutive monthly installment throughout the applicable period with the monthly installment of Base Rent. With respect to any item of Additional rent which the Landlord has not elected to estimate from time to time, the Tenant will pay to the Landlord the amount of such item of Additional Rent, determined under the applicable provisions of this Lease, immediately upon receipt of an invoice setting out such items of Additional Rent. Within one hundred and twenty (120) days of the conclusion of each year of the term or a portion of a year, as the case may be, calendar year or fiscal year, or portion of such year, as the case may be, for which the Landlord has estimated any item of Additional Rent, the Landlord will compute the actual amount of such item of Additional Rent, and make available to the Tenant for examination a statement providing the amount of such item of Additional Rent and the calculation of the Tenant's share of that Additional Rent for such year or portion of such year. If the actual amount of such items of Additional Rent, as set out in the any such statement, exceeds the aggregate amount of the installment paid by the Tenant in respect of such item, the Tenant will pay to the Landlord the amount of excess within fifteen (15) days of receipt of any such statement. If the contrary is the case, any such statement will be accompanied by a refund to the Tenant of any such overpayment without interest, provided that the Landlord may first deduct from such refund any rent which is then in arrears.

 

 

 

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Use and Occupation

 

21.The Tenant will carry on business under its name or tradename and will not change such name without the prior written consent of the Landlord, such consent not to be unreasonably withheld. The Tenant will continuously occupy and utilize the entire Premises in the active conduct of its business in a reputable manner on such days and during such hours of business as may be determined from time to time by the Landlord.

 

22.The Tenant covenants that the Tenant will carry on and conduct its business from time to time carried on upon the Premises in such manner as to comply with all statutes, bylaws, rules and regulations of any federal, provincial, municipal or other competent authority and will not do anything on or in the Premises in contravention of any of them.

 

Advance Rent and Security Deposit

 

23.XTRA shall pay $490.00 (70% of $700.00) per month, month to month until such time as electrical capacity to building is increased to 1.5MW by Manitoba Hydro, at which time, the following terms apply:

 

24.XTRA shall pay rent at rate of $3,884.00 per month per MW of electrical capacity devoted to XTRA's mining with first and last year rent to be prepaid plus security deposit equal to two months' rent. Due to landlord's inability to set the actual date of 1.5MW upgrade PCLI or Sub-Tenant(s) shall prepay first and last year rent as Advance Rent 30 days after 1.5MW upgrade is available and prior to date of Possession or use of the 1.5MW. Tenant agrees to pay prorate rent for month of possession and full rent due upon 1st day of following month, with lease term starting from 1st day of following month. The prepaid rent is hereby released to Landlord for their use, will be held by the Landlord without interest, and is to be applied on account as rent payments during the first and last year of this lease. In the event of default by the Tenant, prepaid rent may be applied by the Landlord to the performance of the covenants and obligations of the Tenant under this Lease, in addition to other legal remedies, and any payments made out of prepaid rent other than timely monthly rent payments in last year shall be defaults under the terms of this lease and must be reimbursed by tenant to cure default status.On execution of this Lease, the Tenant will pay the Landlord a security deposit equal to two months' rent (the "Security Deposit") to be held by the Landlord without interest. The Landlord will return the Security Deposit to the Tenant at the end of this tenancy, less such deductions as provided in this Lease but no deduction will be made for damage due to reasonable wear and tear.

 

 

 

 

 

 

 

 

 

 

 

 

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25.The Tenant may not use the Security Deposit as payment for the Rent.

 

26.Within 30 days after the termination of this tenancy, the Landlord will deliver or mail the Security Deposit less any proper deductions or with further demand for shortage payment to: XTRA Bitcoin Inc., 917 Bobwhite Street, Fruitland, Idaho 83619, or at such other place as the Tenant may advise.

 

Quiet Enjoyment

 

27.The Landlord covenants that on paying the Rent and performing the covenants contained in this Lease, the Tenant will peacefully and quietly have, hold, and enjoy the Premises for the agreed term.

 

Distress

 

28.If and whenever the Tenant is in default in payment of any money, whether hereby expressly reserved or deemed as rent, or any part of the rent, the Landlord may, without notice or any form of legal process, enter upon the Premises and seize, remove and sell the Tenant's goods, chattels and equipment from the Premises or seize, remove and sell any goods, chattels and equipment at any place to which the Tenant or any other person may have removed them, in the same manner as if they had remained and been distrained upon the Premises, all notwithstanding any rule of law or equity to the contrary, and the Tenant hereby waives and renounces the benefit of any present or future statute or law limiting or eliminating the Landlord's right of distress.

 

Overholding

 

29.If the Tenant continues to occupy the Premises without the written consent of the Landlord after the expiration or other termination of the term, then, without any further written agreement, the Tenant will be a month-to-month tenant at a minimum monthly rental equal to twice the Base Rent and subject always to all of the other provisions of this Lease insofar as the same are applicable to a month-to montb tenancy and a tenancy from year to year will not be created by implication of law.

 

Additional Rights on Reentry

 

30.If the Landlord reenters the Premises or terminates this Lease, then:

 

 

 

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a.notwithstanding any such termination or the term thereby becoming forfeited and void, the provisions of this Lease relating to the consequences of termination will survive;

 

b.the Landlord may use such reasonable force as it may deem necessary for the purpose of gaining admittance to and retaking possession of the Premises and the Tenant hereby releases the Landlord from all actions, proceedings, claims and demands whatsoever for and in respect of any such forcible entry or any loss or damage in connection therewith or consequential thereupon;

 

c.the Landlord may expel and remove, forcibly, if necessary, the Tenant, those claiming under the Tenant and their effects, as allowed by law, without being taken or deemed to be guilty of any manner of trespass;

 

d.in the event that the Landlord has removed the property of the Tenant, the Landlord may store such property in a public warehouse or at a place selected by the Landlord, at the expense of the Tenant. If the Landlord feels that it is not worth storing such property given its value and the cost to store it, then the Landlord may dispose of such property in its sole discretion and use such funds, if any, towards any indebtedness of the Tenant to the Landlord. The Landlord will not be responsible to the Tenant for the disposal of such property other than to provide any balance of the proceeds to the Tenant after paying any storage costs and any amounts owed by the Tenant to the Landlord;

 

e.the Landlord may relet the Premises or any part of the Premises for a term or terms which may be less or greater than the balance of the Tenn remaining and may grant reasonable concessions in connection with such reletting including any alterations and improvements to the Premises;

 

f.after reentry, the Landlord may procure the appointment of a receiver to take possession and collect rents and profits of the business of the Tenant, and, if necessary to collect the rents and profits the receiver may carry on the business of the Tenant and take possession of the personal property used in the business of the Tenant, including inventory, trade fixtures, and furnishings, and use them in the business without compensating the Tenant;

 

g.after reentry, the Landlord may terminate the Lease on giving 5 days written notice of termination to the Tenant. Without this notice, reentry of the Premises by the Landlord or its agents will not terminate this Lease;

 

h.the Tenant will pay to the Landlord on demand:

 

i.all rent, Additional Rent and other amounts payable under this Lease up to the time of reentry or termination, whichever is later;

 

ii.reasonable expenses as the Landlord incurs or has incurred in connection with the reentering, terminating, reletting, collecting sums due or payable by the Tenant, realizing upon assets seized; including without limitation, brokerage, fees and expenses and legal fees and disbursements and the expenses of keeping the Premises in good order, repairing the same and preparing them for reletting; and

 

 

 

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iii.as liquidated damages for the loss of rent and other income of the Landlord expected to be derived from this Lease during the period which would have constituted the unexpired portion of the term had it not been terminated, at the option of the Landlord, either:

 

1.an amount determined by reducing to present worth at an assumed interest rate of twelve percent (12%) per annum all Base Rent and estimated Additional Rent to become payable during the period which would have constituted the unexpired portion of the term, such determination to be made by the Landlord, who may make reasonable estimates of when any such other amounts would have become payable and may make such other assumptions of the facts as may be reasonable in the circumstances; or

 

2.an amount equal to the Base Rent and estimated Additional Rent for a period of six (6) months.

 

Inspections and Landlord's Right to Enter

 

31.The Landlord and the Tenant will complete, sign and date an inspection report at the beginning and at the end of this tenancy.

 

Renewal of Lease

 

32.Upon giving written notice no later than 60 days before the expiration of the Tenn, the Tenant may renew this Lease for an additional term. All terms of the renewed lease will be the same except for any signing incentives/inducements, monthly rent amount, and this renewal clause.

 

Tenant Improvements

 

33.The Tenant may make the following improvements to the Premises:

 

a.Tenant is permitted to do all things necessary to extend and install primary electrical utilities, and modify building as necessary to tenant specifications and all building codes.

 

Tenant Chattels

 

34.The Tenant agrees to supply the following chattels:

 

a.All tenant shelving, cooling, and mining equipment..

 

 

 

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Utilities and Other Costs

 

35.The Tenant is responsible for the direct payment of the following utilities and other charges in relation to the Premises: water, electricity, gas, telephone, Internet and cable.

 

36.The Tenant will also directly pay for the following utilities and other charges in relation to the Premises: AIJutilities and expenses incurred by tenant or appbcable to tenants assigned space.

 

37.10.55% of common area expenses, property maintenance, and property taxes.

 

Insurance

 

38.The Tenant is hereby advised and understands that the personal property of the Tenant is not insured by the Landlord for either damage or loss, and the Landlord assumes no liability for any such loss. The Tenant is advised that, if insurance coverage is desired by the Tenant, the Tenant should inquire of Tenant's insurance agent regarding a Tenant's Policy oflnsurance.

 

39.The Tenant is responsible for insuring the Premises for damage or loss to the structure, mechanical or improvements to the Building on the Premises for the benefit of the Tenant and the Landlord. Such insurance should include such risks as fire, theft, vandalism, flood and disaster.

 

40.The Tenant is responsible for insuring the Premises for liability insurance for the benefit of the Tenant and the Landlord.

 

41.The Tenant will provide proof of such insurance to the Landlord upon the issuance or renewal of such insurance.

 

Abandonment

 

42.If at any time during the Term, the Tenant abandons the Premises or any part of the Premises, the Landlord may, at its option, enter the Premises by any means without being liable for any prosecution for such entering, and without becoming liable to the Tenant for damages or for any payment of any kind whatever, and may, at the Landlord's discretion, as agent for the Tenant, relet the Premises, or any part of the Premises, for the whole or any part of the then unexpired term, and may receive and collect all rent payable by virtue of such reletting, and, at the Landlord's option, hold the Tenant liable for any difference between the Rent that would have been payable under this Lease during the balance of the unexpired term, if this Lease had continued in force, and the net rent for such period realized by the Landlord by means of the reletting. If the Landlord's right of reentry is exercised following abandonment of the premises by the Tenant, then the Landlord may consider any personal property belonging to the Tenant and left on the Premises to also have been abandoned, in which case the Landlord may dispose of all such personal property in any manner the Landlord will deem proper and is relieved of all liability for doing so.

 

 

 

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Attorney Fees

 

43.All costs, expenses and expenditures including and without limitation, complete legal costs incurred by the Landlord on a solicitor/client basis as a result of unlawful detainer of the Premises, the recovery of any rent due under the Lease, or any breach by the Tenant of any other condition contained in the Lease, will forthwith upon demand be paid by the Tenant as Additional Rent. Upon default or 30 days past due, all rents including the Base Rent and Additional Rent will bear interest at the rate of Eighteen (18%) per cent per annum from the due date until paid.

 

Governing Law

 

44.It is the intention of the Parties to this Lease that the tenancy created by this Lease and the performance under this Lease, and all suits and special proceedings under this Lease, be construed in accordance with and governed, to the exclusion of the law of any other forum, by the laws of the State of Idaho, USA without regard to the jurisdiction in which any action or special proceeding may be instituted.

 

Severability

 

45.If there is a conflict between any provision of this Lease and the applicable legislation of the State of Idaho (the 'Act'), the Act will prevail and such provisions of the Lease will be amended or deleted as necessary in order to comply with the Act. Further, any provisions that are required by the Act are incorporated into this Lease.

 

Assignment and Subletting

 

46.The Tenant will not assign this Lease, or sublet or grant any concession or license to use the Premises or any part of the Premises. An assignment, subletting, concession, or license, whether by operation of law or otherwise, will be void and will, at Landlord's option, terminate this Lease.

 

Bulk Sale

 

47.No bulk sale of goods and assets of the Tenant may take place without first obtaining the written consent of the Landlord, which consent will not be unreasonably withheld so long as the Tenant and the Purchaser are able to provide the Landlord with assurances, in a form satisfactory to the Landlord, that the Tenant's obligations in this Lease will continue to be performed and respected, in the manner satisfactory to the Landlord, after completion of the said bulk sale.

 

 

 

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Additional Provisions

 

48.Upon lease termination, tenant agrees to leave all utility and electrical infrastructure installed from Manitoba Hydro service thru and including 400 amp main and distribution panels.

 

Care and Use of Premises

 

49.The Tenant will promptly notify the Landlord of any damage, or of any situation that may significantly interfere with the normal use of the Premises.

 

50.Vehicles which the Landlord reasonably considers unsightly, noisy, dangerous, improperly insured, inoperable or unlicensed are not permitted in the Tenant's parking stall(s), and such vehicles may be towed away at the Tenant's expense. Parking facilities are provided at the Tenant's own risk. The Tenant is required to park in only the space allotted to them.

 

51.The Tenant will not make (or allow to be made) any noise or nuisance which, in the reasonable opinion of the Landlord, disturbs the comfort or convenience of other tenants.

 

52.The Tenant will not engage in any illegal trade or activity on or about the Premises.

 

53.The Landlord and Tenant will comply with standards of health, sanitation, fire, housing and safety as required by law.

 

Surrender of Premises

 

54.At the expiration of the lease term, the Tenant will quit and surrender the Premises in as good a state and condition as they were at the commencement of this Lease, reasonable use and wear and damages by the elements excepted.

 

Hazardous Materials

 

55.The Tenant will not keep or have on the Premises any article or thing of a dangerous, flammable, or explosive character that might unreasonably increase the danger of fire on the Premises or that might be considered hazardous by any responsible insurance company.

 

Rules and Regulations

 

56.The Tenant will obey all rules and regulations posted by the Landlord regarding the use and care of the Building, parking lot and other common facilities that are provided for the use of the Tenant in and around the Building on the Premises.

 

 

 

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General Provisions

 

57.Any waiver by the Landlord of any failure by the Tenant to perform or observe the provisions of this Lease will not operate as a waiver of the Landlord's rights under this Lease in respect of any subsequent defaults, breaches or nonperformance and will not defeat or affect in any way the Landlord's rights in respect of any subsequent default or breach.

 

58.This Lease will extend to and be binding upon and inure to the benefit of the respective heirs, executors, administrators, successors and assigns, as the case may be, of each party to this Lease. All covenants are to be construed as conditions of this Lease.

 

59.All sums payable by the Tenant to the Landlord pursuant to any provision of this Lease will be deemed to be Additional Rent and will be recoverable by the Landlord as rental arrears.

 

60.Where there is more than one Tenant executing this Lease, all Tenants are jointly and severally liable for each other's acts, omissions and liabilities pursuant to this Lease.

 

61.Time is of the essence in this Lease.

 

62.This Lease will constitute the entire agreement between the Landlord and the Tenant. Any prior understanding or representation of any kind preceding the date of this Lease will not be binding on either party to this Lease except to the extent incorporated in this Lease. In particular, no warranties of the Landlord not expressed in this Lease are to be implied.

 

IN WITNESS WHEREOF the Parties to this Lease have duly affixed their signatures under hand and seal, or by a duly authorized officer under seal, on this 6th day of March, 2020 to be effective April 1, 2020.

 

 

 

Protocall Technologies Inc. (Master Lease Holder)

   
  Per: /s/ Paul Knudson - CEO
   
   
  XTRA Bitcoin Inc (Sub-Tenant)
   
   
  Per: /s/ Paul Knudson - CEO

 

 

 

 

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