fl hey SENT BY :PHGSO7AUUKFAXGHIAHH FL1-19-92 + 16510 :LIDSTONEYOLNGANDERSO- Q45402.2 a1? and sufficiency of which are hereby acknowledged), the parties agree as followa: \ Sublease 1. The Municipality hereby demises and leases the Lands to the Tenant, on tha terms and conditions herain contained and at all times subordinate to the Head Lease. term 2. This Lease shall be in effect from the ist day of December 1992 until the 30th day of December 1995, but subject to earlier termination as set out herein. Ranawal 3. If the Municipality should renew the Head Lease in the manner permitted by it, the parties may, by their mutual agreement, renew this Lease on terms and conditions satisfactory to both the parties. Rent 4, The Tenant shall pay the Municipality am annual rent of $3834.74 plus $500.00 per year as @ service charge in respect of the Municipality's costs of administering this Lease (the "Rent"), payable by December 15th of the previous year. Adiustment 5, At the time of execution of this Lease, the Tenant shall pay the Municipality $361.23 as an adjustment of the Rent for December 1992. Tanant's Covenants 6. The Tenant hereby covenants to the Municipality as follows: Rent (a) the Tenant shall promptly pay the Rent when due and if the rent payable under the Head Lease should be increased by the Commission, the Tenant shall pay the increase; aaxes (b) the Tenant shall promptly pay when due all charges, levies, fees and taxes, including property tax, Property Purchase Tax, and Goods and Services Tax, which may be imposed or which may arige in respect of the Lande or this Lease;