Rental Terms

IN CONSIDERATION OF the mutual covenants and promises in this Agreement, the receipt and sufficiency of which consideration is

hereby acknowledged, the Lessor leases the Equipment to the Lessee, and the Lessee leases the Equipment from the Lessor on the

following terms:

"Casualty Value" means the market value of the Equipment at the end of the Term or when in relation to a Total Loss,

the market value the Equipment would have had at the end of the Term but for the Total Loss. The Casualty Value may

be less than but will not be more than the original purchase price of the Equipment.

"Equipment" means Ladder, Wheelbarrows and Dolly Truck which has an approximate value of $1,000.00.

"Total Loss" means any loss or damage that is not repairable or that would cost more to repair than the market value of

the Equipment.

Lease

The Lessor agrees to lease the Equipment to the Lessee, and the Lessee agrees to lease the Equipment from the Lessor in

accordance with the terms set out in this Agreement.

Term

The Agreement commences on October 7, 2022 and will continue on a Daily basis until the Lessor or the Lessee terminates the

Lease (the "Term"). The Agreement may be terminated by either the Lessor or the Lessee providing 1 day written notice to the

other.

Rent and Deposit

The rent for the Equipment, inclusive of GST and PST, will be $20.00 (the "Rent") and the Rent will be paid prior to the Lessee

The Lessee will pay a deposit of $200.00 (the "Deposit") before taking possession of the Equipment. The Lessor will refund the deposit to Lessee at the end of the term provided that the Lessee has performed all of the Lessee's obligations under this Agreement.

Delivery of Equipment

The Lessee will, at the Lessee's own expense and risk, pick up and transport the Equipment from 33392 Wren Cres, Abbotsford,

BC.

Use of Equipment

The Lessee will use the Equipment in a good and careful manner and will comply with all of the manufacturer's requirements and recommendations respecting the Equipment and with any applicable law, whether local, state or federal respecting the use of the Equipment, including, but not limited to, environmental and copyright law.

The Lessee will use the Equipment for the purpose for which it was designed and not for any other purpose.

Unless the Lessee obtains the prior written consent of the Lessor, the Lessee will not alter, modify or attach anything to the Equipment unless the alteration, modification or attachment is easily removable without damaging the functional capabilities or economic value of the Equipment.

Repair and Maintenance of Equipment

The Lessee will, at the Lessee's own expense, keep the Equipment in good repair, appearance and condition, normal and

reasonable wear and tear excepted. The Lessee will supply all parts that are necessary to keep the Equipment in such a state.

If the Equipment is not in good repair, appearance and condition when it is returned to the Lessor, the Lessor may make such

repairs or may cause such repairs to be made as are necessary to put the Equipment in a state of good repair, appearance and

condition, normal and reasonable wear and tear excepted. The Lessor will make the said repairs within a reasonable time of

taking possession of the Equipment and will give the Lessee written notice of and invoices for the said repairs. Upon receipt of

such invoices, the Lessee will immediately reimburse the Lessor for the actual expense of those repairs.

The Lessee may, but is not obligated to, enforce any warranty that the Lessor has against the supplier or manufacturer of the

Equipment. The Lessee will enforce such warranty or indemnity in its own name and at its own expense.

Warranties

The Equipment will be used for personal, family or household purposes.

The Equipment will be in good working order and good condition upon delivery.

The Equipment is of merchantable quality and is fit for the purposes it is ordinarily used.

Loss and Damage

To the extent permitted by law, the Lessee will be responsible for risk of loss, theft, damage or destruction to the Equipment

from any and every cause.

If the Equipment is lost or damaged, the Lessee will continue paying Rent, will provide the Lessor with prompt written notice

of such loss or damage and will, if the Equipment is repairable, put or cause the Equipment to be put in a state of good repair,

appearance and condition.

In the event of Total Loss of the Equipment, the Lessee will provide the Lessor with prompt written notice of such loss and will

pay to the Lessor all unpaid Rent for the Term plus the Casualty Value of the Equipment, at which point ownership of the

Equipment passes to the Lessee.

Ownership, Right to Lease and Quiet Enjoyment

The Equipment is the property of the Lessor and will remain the property of the Lessor.

The Lessee will not encumber the Equipment or allow the Equipment to be encumbered or pledge the Equipment as security in any manner.

21.

The Lessor warrants that the Lessor has the right to lease the Equipment according to the terms in this Agreement.

22.

The Lessor warrants that as long as no Event of Default has occurred, the Lessor will not disturb the Lessee's quiet and peaceful possession of the Equipment or the Lessee's unrestricted use of the Equipment for the purpose for which the Equipment was designed.

23.

Surrender At the end of the Term or upon earlier termination of this Agreement, the Lessee will return the Equipment at the Lessee's cost, expense and risk to the Lessor by delivering the Equipment to: 33392 Wren Cres, Abbotsford, BC, V2S 5W1.

If the Lessee fails to return the Equipment to the Lessor at the end of the Term or any earlier termination of this Agreement, the Lessee will pay to the Lessor any unpaid Rent for the Term plus the Casualty Value of the Equipment plus 10% of the Casualty Value, at which point ownership of the Equipment will pass to the Lessee.

Insurance No insurance coverage for the Equipment is required under this Agreement.

24.

25.

Indemnity

The Lessee will indemnify and hold harmless the Lessor against any and all claims, actions, suits, proceedings, costs, expenses, damages and liabilities, including attorney's fees and costs, arising out of or related to the Lessee's use of the Equipment.

 

25.

Indemnity The Lessee will indemnify and hold harmless the Lessor against any and all claims, actions, suits, proceedings, costs, expenses, damages and liabilities, including attorney's fees and costs, arising out of or related to the Lessee's use of the Equipment.

26.

Default The occurrence of any one or more of the following events will constitute an event of default ("Event of Default") under this Agreement:

The Lessee fails to pay any amount provided for in this Agreement when such amount is due or otherwise breaches the Lessee's obligations under this Agreement.

2.

The Lessee becomes insolvent or makes an assignment of rights or property for the benefit of creditors or files for or has bankruptcy proceedings instituted against it under the Federal bankruptcy law of Canada or another competent jurisdiction.

3.

A writ of attachment or execution is levied on the Equipment and is not released or satisfied within 10 days.

27.

Remedies On the occurrence of an Event of Default, the Lessor will be entitled to pursue any one or more of the following remedies (the "Remedies"):

1.

Declare the entire amount of the Rent for the Term immediately due and payable without notice or demand to the

2.

Apply the Deposit toward any amount owing to the Lessor.

Commence legal proceedings to recover the Rent and other obligations accrued before and after the Event of Default.

Take possession of the Equipment, without demand or notice, wherever same may be located, without any court order or other process of law. The Lessee waives any and all damage occasioned by such taking of possession.

5.

Terminate this Agreement immediately upon written notice to the Lessee.

6.

Pursue any other remedy available in law or equity.

28.

Assignment The Lessor may assign this Agreement, the Lessor's interest in this Agreement and the Lessor's interest in the Equipment by providing the Lessee with prior written notice of the assignment, provided the assignment is a reasonable one to which a reasonable person in the circumstances of the Lessee would not object.

29.

THE LESSEE WILL NOT ASSIGN THIS AGREEMENT, THE LESSEE'S INTEREST IN THIS AGREEMENT OR THE LESSEE'S INTEREST IN THE EQUIPMENT WITHOUT THE PRIOR WRITTEN CONSENT OF THE LESSOR.

30.

If the Lessee assigns this Agreement, the Lessee's interest in this Agreement or the Lessee's interest in the Equipment without the prior written consent of the Lessor, the Lessor will have recourse to the Remedies and will be entitled to all damages caused by the assignment.

31.

Entire Agreement This Agreement will constitute the entire agreement between the Parties. Any prior understanding or representation of any kind preceding the date of this Agreement will not be binding on either Party except to the extent incorporated in this Agreement.

32.

Address for Notice Service of all notices under this Agreement will be delivered personally or sent by registered mail or courier to the following addresses:

Lessor: Sukhraj Dhillon, 33392 Wren Cres, Abbotsford, BC, V2S 5W1

Lessee:

33.

Payment All dollar amounts in this agreement refer to Canadian dollars, and all payments required to be paid under this Agreement will be paid in Canadian dollars unless the Parties agree otherwise.

34.

Interpretation Headings are inserted for the convenience of the Parties only and are not to be considered when interpreting this Agreement. Words in the singular mean and include the plural and vice versa. Words in the masculine mean and include the feminine and vice versa.

35.

Governing Law It is the intention of the Parties to this Agreement that this Agreement and the performance under this Agreement, and all suits and special proceedings under this Agreement, be construed in accordance with and governed, to the exclusion of the law of any other forum, by the laws of the Province of British Columbia without regard to the jurisdiction in which any action or special proceeding may be instituted.

Severability

If there is a conflict between any provision of this Agreement and the applicable legislation of the Province of British Columbia (the "Act"), the Act will prevail and such provisions of the Agreement 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 Agreement.

37.

In the event that any of the provisions of this Agreement are held to be invalid or unenforceable in whole or in part, those provisions to the extent enforceable and all other provisions will nevertheless continue to be valid and enforceable as though the invalid or unenforceable parts had not been included in this Agreement and the remaining provisions had been executed by both Parties subsequent to the expungement of the invalid provision.

General Terms:

38. This Agreement may be executed in counterparts. Facsimile signatures are binding and are considered to be original signatures.

39.

Time is of the essence in this Agreement.

This Agreement 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 Agreement.

41.

Neither Party will be liable in damages or have the right to terminate this Agreement for any delay or default in performance if such delay or default is caused by conditions beyond its control including, but not limited to Acts of God, Government restrictions, wars, insurrections, natural disasters, such as earthquakes, hurricanes or floods and/or any other cause beyond the reasonable control of the Party whose performance is affected.

42.

Notice to Lessee NOTICE TO THE LESSEE: This is a lease. You are not buying the Equipment. Do not sign this Agreement before you read it. You are entitled to a completed copy of this Agreement when you sign it.