Exhibit 10.10
Amendment to the
Commercial Lease
between: | IBM Immobilien GbR |
| Gaisbergstrasse 21 |
| 94469 Deggendorf, Germany |
| - Landlord– |
|
|
and: | congatec AG |
| Auwiesenstrasse 5 |
| 94469 Deggendorf, Germany |
| - Tenant- |
|
|
For the following building: | Auwiesenstrasse 5, 94469 Deggendorf, Germany |
To the Commercial Lease dated 12/31/2004 incl. the modifications/amendments dated 12/31/2004, 12/28/2006, 01/01/2009 and 01/20/2009, the following Amendment shall be agreed on:
To Art. 1 Object of lease
The parking lots in the underground parking garage may be used minus 2 lots (for the Landlord). To Art. 3 Rental payment
From 01/01/2013, the following rental payment shall be made:
Item |
| Rented space/description |
| m² |
| Rent/m² |
| Total rent |
| Total |
|
1 |
| Second floor - Commercial unit 1 part 1 |
| 616.07 |
| 7.00 € |
| 4,312.49 € |
|
|
|
2 |
| Second floor- Commercial unit 1 part 2 |
| 283.43 |
| 7.00 € |
| 1,984.01 € |
|
|
|
3 |
| First floor * Commercial unit 1 part 3 |
| 73.37 |
| 6.00 € |
| 440.22 € |
|
|
|
4 |
| First floor- Commercial unit 1 part 4 |
| 62.29 |
| 7.00 € |
| 436.03 € |
|
|
|
|
| Total commercial unit 1 |
| 1035.16 |
|
|
| 7,172.75 € |
| 7,172.75 € |
|
|
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|
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|
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|
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5 |
| First floor - Commercial unit 2 |
| 155.17 |
| 4.00 € |
| * * |
| * * |
|
6 |
| Underground parking garage - Lump sum rent |
|
|
|
|
| 1,000.00 € |
| 1,000.00 € |
|
|
|
|
|
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| Net rent |
| 1190.33 |
|
|
|
|
| 8,172.75 € |
|
7 |
| Monthly operating cost installment |
|
|
|
|
|
|
| 1,050.00 € |
|
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| Total net payment |
|
|
|
|
|
|
| 9,222.75 € |
|
|
| 19 % VAT |
|
|
|
|
|
|
| 1,752.32 € |
|
|
| Monthly gross payment |
|
|
|
|
|
|
| 10,975.07 € |
|
** Item 5 will possibly be rented from 07/01/2013.
To item 7 The advance payment for operating costs shall be adjusted after accounting the 2012 operating
costs (reason: costs of fuel oil).
From 01/01/2014, the rental payment shall be adjusted as follows:
Item |
| Rented space/description |
| m² |
| Rent/m² |
| Total rent |
| Total |
|
1 |
| Second floor- Commercial unit 1 part 1 |
| 616.07 |
| 7.50 € |
| 4,620.53 € |
|
|
|
2 |
| Second floor- Commercial unit 1 part 2 |
| 283.43 |
| 7.50 € |
| 2,125.73 € |
|
|
|
3 |
| First floor * Commercial unit 1 part 3 |
| 73.37 |
| 6.50 € |
| 476.91 € |
|
|
|
4 |
| First floor * Commercial unit 1 part 4 |
| 62.29 |
| 7.50 € |
| 467.18 € |
|
|
|
|
| Total Commercial unit 1 |
| 1035.16 |
|
|
| 7,690.33 € |
| 7,690.33 € |
|
|
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|
|
|
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5 |
| First floor- Commercial unit 2 |
| 155.17 |
| 4.00 € |
| 620.68 G |
| 620.68 € |
|
6 |
| Underground parking garage - Lump sum rent |
|
|
|
|
| 1,000.00 € |
| 1,000.00 € |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net rent |
| 1190.33 |
|
|
|
|
| 9,311.01 G |
|
|
| Monthly operating costs installment |
|
|
|
|
|
|
| 1,050.00 G |
|
|
| Total net payment |
|
|
|
|
|
|
| 10,361.01 € |
|
|
| 19 % VAT |
|
|
|
|
|
|
| 1,968.59 € |
|
|
| Monthly gross payment |
|
|
|
|
|
|
| 12,329.60 € |
|
The enclosed updated calculation of areas and a floor plan form part of this Amendment.
All other provisions of the Commercial Lease dated 12/31/2004 and its Amendments shall remain unaffected.
Deggendorf, 12/15/2012 |
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|
/s/ Heinz Iglhaut |
| /s/ Gerhard Edi |
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|
IM Immobilien GbR |
| congatec AG |
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|
- Landlord – Heinz Iglhaut |
| Tenant – Gerhard Edi |
Calculation of spaces according to WoFlV (German Computation Ordinance, Wohnflächenverordnung):
Inventory
Calculation of usable floor spaces according to WoFlV:
Usable floor spaces commercial IBM building
Commercial unit 1 part 1 - first floor
Ladies’ bathroom |
| 11.28 m² |
|
Conference room 2 |
| 28.74 m² |
|
Reserve 1 |
| 95.59 m² |
|
Cloak room. |
| 6.04 m² |
|
Men’s bathroom |
| 3.22 m² |
|
Dark room |
| 11.43 m² |
|
R&D |
| 12.91 m² |
|
Cloak room. |
| 4.65 m² |
|
Marketing |
| 22.55 m² |
|
Storage room |
| 14.66 m² |
|
R&D Mgmt. |
| 13.26 m² |
|
R&D software |
| 53.45 m² |
|
R&D hardware |
| 12.04 m² |
|
Conference room 3 |
| 17.40 m² |
|
Ladies’ bathroom |
| 3.05 m² |
|
Hall |
| 71.95 m² |
|
Logistics |
| 17.42 m² |
|
R&D hardware |
| 118.09 m² |
|
IT |
| 17.31 m² |
|
Management |
| 41.58 m² |
|
Sales department |
| 36.70 m² |
|
Anteroom Ladies |
| 2.75 m² |
|
Total CU1p1 |
| 616.07 m3 |
|
Commercial unit 1 part 2 - second floor
Approval |
| 28.26 m |
|
Cloak room |
| 25.78 m |
|
Anteroom Men |
| 2.75 m |
|
Conference room 1 |
| 39.58 m |
|
Cleaning |
| 2.74 m |
|
Men’s bathroom |
| 9.42 m |
|
Techn. support |
| 14.10 m |
|
Kitchen |
| 27.89 m |
|
Reserve 2 |
| 109.58 m |
|
Laboratory |
| 23.33 m3 |
|
Total CU1p2 |
| 283.43 m3 |
|
Form I
Commercial unit 1 part 3 First floor
Cleaning |
| 4.64 m3 |
|
Anteroom |
| 6.58 m3 |
|
Office 2 |
| 22.33 m3 |
|
Office 1 |
| 28.15 m3 |
|
Hall |
| 8.67 m3 |
|
Anteroom |
| 3.00 m3 |
|
Total CU1p3: |
| 73.37 m3 |
|
Commercial unit 1 part 4 First floor
Vestibule |
| 7.82 m3 |
|
Distributing center |
| 22.41 m3 |
|
Installations |
| 4.64 m3 |
|
Foyer |
| 22.45 m3 |
|
Reception |
| 4.97 m3 |
|
Total CU1p4 |
| 62.29 m² |
|
Total CU1 1035.16m²
Commercial unit 2 First floor
Storage room |
| 20.81 m: |
|
Men’s bathroom |
| 2.08 m: |
|
Anteroom Men |
| 2.16 m: |
|
Anteroom |
| 4.57 m: |
|
Office/Assembly |
| 110.15 m: |
|
Office 3 |
| 10.66 m: |
|
Anteroom Ladies |
| 2.41 m: |
|
Ladies’ bathroom |
| 2.33 m² |
|
Total CU2: |
| 155.17 m3 |
|
Total CU2: 155.17m²
Commercial unit 3 First floor
Storage room/Garages 1 |
| 50.76m² |
|
Total CU3: |
| 50.76 m² |
|
Commercial unit 4 First floor
Storage room/Garages 2 |
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|
|
|
| 26.9 m² |
|
|
| 26.9 m² |
|
Total commercial unit 1: |
| 1,035.16 m² |
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Total commercial unit 2: |
| 155.17 m² |
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Total commercial unit 3: |
| 50.76 m² |
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Total commercial unit 4: |
| 26.09 m² |
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Total commercial units |
| 1267.18 m² |
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Usable floor spaces commercial IBM building
Usable floor spaces general |
|
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Furnace room |
| 13.05 m² |
|
Tank room |
| 17.54 m² |
|
Total usable floor spaces general: |
| 30.59 m² |
|
Usable floor spaces gen.: |
| 30.59 m² |
|
Total spaces |
| 1297.77 m² |
|
[plot second floor]
[plot first floor]
