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AGREEMENT OF SUB-LEASE

Lease Agreement

AGREEMENT OF SUB-LEASE | Document Parties: ARCH HILL NV | LITHIUM TECHNOLOGY CORPORATION You are currently viewing:
This Lease Agreement involves

ARCH HILL NV | LITHIUM TECHNOLOGY CORPORATION

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Title: AGREEMENT OF SUB-LEASE
Date: 7/20/2007

AGREEMENT OF SUB-LEASE, Parties: arch hill nv , lithium technology corporation
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EXHIBIT 10.71

AGREEMENT OF SUB-LEASE

between

ARCH HILL N.V.

Tenant

and

LITHIUM TECHNOLOGY CORPORATION

5115 Campus Drive

Plymouth Meeting, PA 19462

USA

Subtenant

Dated: July 16 th , 2007

Premises:

Beech Avenue 129A

1119 RB Schiphol-Rijk

The Netherlands

 


THIS SUBLEASE AGREEMENT is made on 16 th day of July, 2007 between Arch Hill N.V., (hereafter referred as “Tenant”) a Dutch Company, having an address at Beech Avenue 129A 1119 RB Schiphol-Rijk, The Netherlands and Lithium Technology Corporation, (hereafter referred as “SUBTENANT”) having an address at 5115 Campus Drive, Plymouth Meeting, PA 19462, USA.

For valuable consideration, the parties agree to the following terms and conditions:

 

Premises

 

Beech Avenue 129A, 1119 RB Schiphol-Rijk, The Netherlands

Suite 4.

Permitted Use

 

Tenant is to provide furnished workstations in the designated area for Five (5) employees of SUBTENANT comprising of Three (3) offices and, and three (3) telephones with a dedicated telephone numbers.

 

Tenant is to cover the basic charges of the telephone service and SUBTENANT will agree to pay Tenant all the long distance charges. Information Technology (IT) services are explicitly excluded other than the basic Internet connectivity.

 

SUBTENANT is permitted to use the shared conference room with Tenant on a first-come-first basis.

 

Tenant is to provide Five (5) keys to SUBTENANT employees for Office access. SUBTENANT is responsible for all the safety and security procedures these keys provide to the premises of the building and to the Office. SUBTENANT and its employees shall not make copies of the keys. SUBTENANT (undersigned) will notify Tenant when the person(s) in possession of the keys is terminated and shall return the keys immediately to Tenant. SUBTENANT will provide Three (3) months notice for the early termination of the lease. SUBTENANT will also return all the keys to Tenant immediately if the lease is terminated early.

 

SUBTENANT is responsible for fe


 
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