3635 Schedule "A" - Lease Amendment Agreement - Rich Lee and Geoff Lee.AMENDMENT TO LEASE AGREEMENT
Made this O'Krf ~^\* _____ , 2012
BETWEEN
THE CORPORATION OF THE TOWN OF TILLSONBURG
(hereinafter referred to as the "Lessor")
- and -
Rick Lee and Geoff Lee carrying on business as Lee-Air Leasing Ltd
(hereinafter referred to as the "Lessee")
WHEREAS
The Lessor and Lessee entered into a Lease Agreement dated the 13th day of December,
2004 (the "Lease"), concerning the property legally described as Part of Lots 4, 5, 6 and 7 in
the Township of South West Oxford, County of Oxford, Province of Ontario (the "Property")
as more particularly described in the aforementioned Lease.
Contained on the Property is an airport (the "Airport"), agricultural lands and buildings
ancillary to the use of the Airport.
The Lessee and Lessor agree to amend the aforementioned Lease pursuant to this
agreement (the "Amendment to Lease"):
In consideration for the covenants, payments and promises contained in the Lease and for the sum
of $2.00, the receipt and sufficiency of such is hereby acknowledged and for the covenants,
promises and payments contained herein, the Parties agree to amend the Lease as follows:
1 . Contained in Preamble of the Lease, the Lessee was to lease from the Lessor a portion of
the Property being 48 feet by 50 feet for a total area of 2,400 sq. ft. (the "Premises"). The
Parties agree that the Lease is hereby amended so that the Lessee shall lease an ancillary
building on the Property being 50 feet by 56 feet with an expansion of 18 feet by 56 feet, and
an expansion of 14 feet by 55 feet for a total area of 4,578 square feet, being all of Hanger
Number 4, (the "Premises") with the lease rate being adjusted accordingly.
2. That Schedule 'A' attached hereto, being a drawing of the airport ancillary buildings on the
airport property, shall form part of the lease.
1 . The Parties agree that subject to the terms of this Amendment to Lease that all other Terms
and Conditions in the Lease are in full force and effect and that unless specified in this
Amendment to Lease then all terms of the Lease shall be unaltered.
In Witness of the foregoing covenants the Lessor and the Lessee have executed this Lease.
T /' / Lessor
John Lessif, Mayor
The Corporation of the Town of Tillsonburg
I have authority to bind the Corporation.
Lessor
Donna Wilson, Clerk
The Corporation of the Town of Tillsonburg
I have authority to bind the Corporation.
-*&^
Rick Lee
I have authority to bind the Corporation
Geoff Lee/'
I have authority to bind the Corporation
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