Memorandum Of Lease Option Agreement

MEMORANDUM OF LEASE OPTION AGREEMENT This LEASE AGREEMENT WITH OPTION TO PURCHASE REAL ESTATE (hereinafter referred to as the “Lease/Option”) Is made on this _________ day of ____________________________, 20_______, BETWEEN: ____________________________________________________________________________ and or nominee. Address: ________________________________________________________________________________ _____________________ Phone: _________________ Fax: _________________ Email: _________________ (he reinafter referred to as the “Tenant/Buyer”); And _________________________________________________________________________________________ Address: ________________________________________________________________________________ _____________________ Phone: _________________ Fax: _________________ Email: _________________ (hereinafter referred to as the “Landlord/Seller”). DESCRIPTION: The Landlord/Seller agrees to lease, and the Tenant/Buyer agrees to rent the real Property and improvements, located at: _________________________________________________________________________________ Legal Description: _________________________________________________________________________________ (hereinafter referred to as the "Property".) (1) TERM: The term of this Lease/Option shall be for a period of ___________ months commencing on _______________________, 20___, and ending on ______________________________, 20 ____. During this term the Tenant/Buyer can exercises the option to purchase the Property. (2) ADDITIONAL TERMS AND CONDITIONS: (A) The Landlord/Seller may not assign, convey, lease, sell, transfer, mortgage, or otherwise encumber the Property or any part thereof, nor shall the Landlord/Seller do, suffer or permit any act deed, or omission which might diminish or encumber the rights of the Tenant/Buyer or the ability of the Tenant/Buyer to perform obligations in accordance with the term of the Lease/Option agreement. (B) The Landlord/Seller will supply forthwith to the Tenant/Buyer copies of all mortgage documents, real property report, environmental reports, letters of Bank and Mortgage Information, disclosure statements, tax notices, and any other documents relevant to property. IN WITNESS WHEREOF, the Parties have executed is MEMORANDUM OF LEASE OPTION

AGREEMENT Landlord/Seller : ___________________________ DECLARED BEFORE ME AT THE _____________ OF Landlord/Seller ________________ IN THE PROVINCE OF ALBERTA THIS _________ DAY OF ________________, _____.

________________________ Signature of

_________________________________________ A Commissioner for Oaths / Notary Public My appointment expires ______________, _____. ________________________ Witness:

________________________ Signature of Tenant/Buyer