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Summary of Lease Agreement

Lease Agreement

Summary of Lease Agreement | Document Parties: VERSANT CORP | DIC DP Hamburg Halenreie Gmbh You are currently viewing:
This Lease Agreement involves

VERSANT CORP | DIC DP Hamburg Halenreie Gmbh

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Title: Summary of Lease Agreement
Date: 9/9/2009
Industry: Software and Programming     Sector: Technology

Summary of Lease Agreement, Parties: versant corp , dic dp hamburg halenreie gmbh
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Exhibit 10.02

 

Summary of Lease Agreement between Versant Gmbh and  DIC DP Hamburg Halenreie Gmbh, dated July 17, 2009. (Original document in German)

 

On July 17, 2009, Versant’s subsidiary, Versant Gmbh (“Versant Germany”) entered into an agreement with DIC DP Hamburg Halenreie Gmbh, pursuant to which Versant Germany will lease approximately 10,200 square feet of space in a commercial office facility located in Hamburg, Germany for a term of sixty months, commencing on December 1, 2009 and expiring on November 30, 2014. Versant has the option to extend the term of the lease for up to two additional three-year periods at an inflation adjusted monthly rent. 

The leased property is located at Halenreie 40-44, 22359 Hamburg, Germany and includes 884m² of office space, 63m² of storage space and 15 parking places.  The initial monthly rental is as follows:

 

Office Rental

 

9,503.00

Storage Rental

 

283.50

 

Parking Space Rental

 

375.00

 

Ancillary Costs

 

2,367.50

 

German VAT @ 19%

 

2,380.51

 

Total Monthly Rental

 

14,909.51

 

The mon


 
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