Terms & Storage Agreement

TERM:

The term of this Agreement shall commence on the Move-In Date specified in this Agreement and shall continue thereafter on a month-to-month period until terminated in accordance with this Agreement (the “Term”). GRANT OF LEASE: During the Term, the Tenant shall have the right to store the personal property described above (the “Property”) at the outdoor storage area located at 1050 7th Avenue, Hanover ON N4N 2K1 (the “Premises”).

USE OF THE PREMISES AND COMPLIANCE WITH THE LAW:

• Tenant shall store only personal property the Tenant owns and will not store property that is claimed by another or in which another person has any right, title, or interest.

• Tenant shall not store food or items that will decay as well as any flammable materials, explosives or other inherently dangerous materials nor perform any activity unrelated to storing, shipping, or receiving at the Premises.

• Vehicles or equipment that are prone to leaking should not be stored. Any spill or contamination to soil on the Premises shall be removed and repaired at Tenant’s expense. Any repairs made by Tenant must be approved by Lessor.

• Vehicles or equipment with tracks are not permitted to drive on gravel at the Premises. Tenant must store vehicles or equipment with tracks on a trailer, unless otherwise consented to by the Lessor in writing.

• Tenant shall not store any personal property which would result in a violation of any law or regulation of any governmental authority.

• No mechanical repairs or maintenance shall be done by the Tenant on the Premises.

• No garbage is to be left by the Tenant in or around the Premises at anytime.

• Tenant is responsible and must repair any damages to the Premises caused by the stored items.

• Any damages or incidents on the Premises must be reported immediately.

• Tenant must store the Property on/within space designated by Lessor.

• Absolutely no smoking or open flames on the Premises.

DETERMINE SIZE, WEIGHT AND PRICE:

• Tenant shall provide the dimensions of the Property to the Lessor. If the dimensions are not available, the Lessor will measure the Property. Furthermore, Tenant shall provide the overall/combined weight of the Property being stored. The length of the Property (excluding Overstock Items) will determine the appropriate price per month outlined by Lessor. Overstock Items price will be determined by the total square feet the items cover.

• Upon the Lessor determining a price, the Tenant shall be provided a notice setting forth the monthly fees (the “Fees”)

• The Tenant acknowledges that the Lessor may adjust the Fees in the event the Tenant makes changes to the type, size, or amount of the Property it stores at the Premises and in any event the Lessor may adjust the Fees at any time by giving the Tenant at least one month’s notice.

ACCESS:

Access to the Premises is permitted at all times, but the Tenant acknowledges that access may not always be possible and that the Lessor is not liable for any delay in providing access. In particular, access during winter months may be slippery and restricted at times due to snow or ice. Laneways and storage area are cleared on weekends only. Tenant must anticipate some delay after significant weather events.

• Tenant must ensure the access gate is fully opened before entering the Premises.

• When exiting the Premises, Tenant must ensure the access gate is fully closed and locked before leaving the Premises.

• Tenant shall ensure key is placed in lockbox and the lockbox is securely closed.

• Tenant will not share the lockbox code or gate code with anyone, unless specified in the Outdoor Storage Application.

• Tenant must notify Lessor of any issues closing and or locking gate.

• The Tenant acknowledges that its access to the Premises is taken at its own risk and the Lessor makes no warranties or guarantees as to the condition of the Premises or the ability for the Tenant to safely access its Property.

INSURANCE:

The Property is stored by the Tenant at Tenants’ own risk. Insurance for both personal property and liability is the Tenant’s sole responsibility. Tenant must obtain insurance, covering damage by fire, extended coverage perils, vandalism, burglary, and all other risks of any nature for the full value of the Property. The Tenant agrees to provide to the Lessor a copy of the insurance upon request. By entering into this Agreement, the Tenant is waiving all future rights to claim damages against the Lessor for any uninsurable peril regardless of the Tenant’s insurance status.

DEFAULTS:

• The following events shall be deemed to be events of default (“Events of Default”) by Tenant under this agreement. o Tenant shall fail to pay the Fees under this Rental Agreement. o Tenant shall fail to comply with any Terms, provision, or covenant of this Rental Agreement.

• If an Event of Default occurs, the Lessor shall have the unilateral right to terminate the Agreement immediately and to seek any damages it may be entitled to.

OVERDUE ACCOUNTS AND LIQUIDATION PROCEDURE:

• Failure to provide us with current mailing address and email will result in being unaware of loss of contents. In the event of a change in mailing address, the Tenant must give Lessor notice of such changes within five (5) days. o Fifteen (15) days past due – Reminder notice will be sent to current address/email on file. o Thirty (30) days past due – Final Notice will be sent to current address/ email on file. The Property will be locked (with wheel locks) and denied access until account balance has been paid in full. Removal of wheel lock is permitted by Lessor only after payment has cleared. Unauthorized removal of our wheel locks constitutes “break and enter” and will be reported to the authorities. Additional charges will apply for replacement of wheel locks and damages. o Sixty-One (61) days past due – The Property shall be considered abandoned and the Tenant will receive notice of intention to sell.

FINANCIAL COMMITMENTS:

• Fees must be received by the 1st of each month to avoid late fee. Tenant is responsible to ensure that payment is made on time.

• Rent is payable by cash, e-transfer or cheque. We can hold post-dated cheques for upcoming rent to help avoid late fees.

• A $25.00 late fee will be charged for payments received after the 1st. A $25.00 fee will be charged for cheques returned by bank plus the late fee.

• First part month only is pro-rated. No rebate is issued on unused portion of last month.

• Lessor maintains right to change the Fees at anytime. Tenant will be notified if such changes occur.

• Down payment: 1st (pro-rated amount if not a full month) and last month payment is due on or before access to outdoor storage area.

TERMINATION:

Either party may terminate this Rental Agreement at the expiration of any month by giving notice to the other party not less that seven (7) days before expiration and such termination shall be effective as of the last day of the rental month. Notwithstanding the foregoing, no monthly rent shall be pro rated if the termination occurs prior to the end of the month.

LIMITATION OF LIABILITY AND INDEMNITY:

• The Tenant agrees to indemnify, defend and hold harmless the Lessor, its officers, directors, employees and agents from all demands, claims, actions, costs and liabilities arising out of the Tenant’s use of the Premises.

• The Lessor is not liable for any loss, theft, damage or injury to the Property and the Tenant agrees that it will save the Lessor harmless from any claim relating to the Property. The Tenant’s recourse is limited to any insurance they have obtained