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MUTUAL CANCELLATION OF LEASE 



This Mutual Cancellation of Lease (the "Agreement") is made and effective the [DATE],


BETWEEN:  [YOUR COMPANY NAME] (the "Lessor"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at:

  [YOUR COMPLETE ADDRESS]


AND:  [LESSEE NAME] (the "Lessee"), an individual with his main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at:

  [COMPLETE ADDRESS]


TERMS

FOR GOOD CONSIDERATION, Lessee and Lessor, under a certain Lease agreement between the parties under date of [DATE] (the Lease), do hereby mutually agree to terminate and cancel said Lease effective [DATE] and all rights and obligations under said Lease shall thereupon be cancelled excepting only for any obligations under the Lease accruing prior to the effective termination date.

This agreement shall be binding upon the parties, their successors, assigns and personal representatives.


IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.



LESSOR            LESSEE




                          
Authorized Signature          Authorized Signature

                          
Print Name and Title          Print Name and Title




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