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Agreements >
Lease Addendum > Addendum 1
to the Lease Agreement of 11.29./11.30.2000
pertaining to premises used as office space
and to the Lease Agreements of 01.11.2001, 05.07.2004 and 09.27./10.01.2004
pertaining to parking spaces and garages
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to the Lease Agreement of
11.29./11.30.2000
pertaining to premises used as office space
and to the Lease Agreements of 01.11.2001, 05.07.2004 and
09.27./10.01.2004
pertaining to parking spaces and garages
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Deutsche
Commercial Property Hamburg 2 GmbH
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Mergenthalerallee 73 - 75
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65760
Eschborn
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represented by
Mr. Ralf Selke, General Manager
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and
Mr. Gunther R. Deutsch, Assistant Vice President
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“domiciled ibidem”
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VAT
registration number: DE223646635
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- hereinafter
referred to as “ Lessor”
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Domilens
GmbH
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Holsteiner
Chaussee 303a
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22457
Hamburg
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represented by
Mr. Günther Roepstorff, General Manager
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“domiciled ibidem”
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CR B 38182,
District Court of Hamburg (Lesse’s certificate of
registration from the Commercial Register is submitted as
Exhibit 2 )
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- hereinafter
referred to as “ Lessee”
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Currently, the
following Lease Agreements entered into by Deutsche Commercial
Property Hamburg 2 GmbH and Domilens GmbH are in effect: the
Commercial Lease Agreement of 11.29./11.30.2000 pertaining to
premises used as office space and the Lease Agreements dated
01.11.2001, 05.07.2004 and 09.27./10.01.2004 pertaining to parking
spaces located in parking lots and garages.
With this Addendum, the parties agree to a reduction in rent
beginning on 01.01.2006. At the same time, the provision regarding
the term of the Lease is being modified. Furthermore, Lessee is
leasing an additional parking space, i.e. Space 35, in the
underground garage.
A) New Provisions to the Lease
Agreement of 11.29./30/11/2000
Re: Section 3 – Term
and Termination of Lease
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3.03 The
parties agree to a fixed-term lease expiring on
12.31.2010.
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After the
expiration of the fixed-term lease, Lessee shall be entitled to
exercise a one- time option to extend the Lease by 5 years
under the same terms. Lessee shall be required to exercise this
option by giving unilateral notice to Lessor no later than
12 months prior to the expiration of the Lease. Lessee must
exercise the option by means of a registered letter, which must be
received by Lessor no later than on the last working day before the
commencement of the 12 months’ notification period. The
date of receipt
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1
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of the notice
shall determine whether or not the option was exercised by Lessee
in time. The right to extend the Lease cannot be exercised if
Lessee has been subletting the leased Premises either as a whole or
in part.
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Lessee hereby
waives its special right to terminate the Lease as of
06.30.2007.
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The term of the
Lease pertaining to any and all leased parking spaces shall also be
fixed and shall expire on 12.31.2010.
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Re: Section 5 – Rent,
Utilities, Heating Costs, Payment and Accounting
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Beginning on
01.01.2006, rent and utilities shall be payable as
follows:
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Type of leased
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Size
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space
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Total in EUR
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office
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15,066.01
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units
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parking spaces
in underground garage
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+
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1,339.57
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unit
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parking space
in underground garage
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+
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45.00
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units
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parking spaces
in parking lot
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+
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0.00
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Total net
monthly rent
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- without the
prepaid installment for operating costs -
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=
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16,450.58
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Current monthly
prepaid installment for operating costs:
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1,721.83
m 2
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+
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3,443.66
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Total net
monthly rent
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- including the
pr
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