Exhibit 10.16
Amendment to Commercial Lease No. 8 dated 09/29/2010
Subject: Renting new offices on the second floor
Between IM Immobilien GbR
Gaisbergstr.21
94469 Deggendorf, Germany, tax payer’s reference no. 108/232/10529
- hereinafter called “Landlord”
and congatec AG
Auwiesenstr. 5
94469 Deggendorf, Germany, tax payer’s reference no. 108/120/10005
- hereinafter called “Tenant”
the following agreement is made:
In addition to Commercial Lease No. 8 dated 09/29/2010, an additional 79 m² of office space shall be rented from 03/01/2015 in the office building at Auwiesenstr. 8, 94469 Deggendorf, Germany, on the second floor.
A proportionate bathroom space of 4 m² will be added to the actual m² of office space.
The Landlord handed over the rooms newly painted. The Tenant shall return them newly painted as well.
Since the newly rented rooms and the office currently rented by Wittenbauer are both connected to the same current meter, current meters will be installed onto the wall outlets in the Wittenbauer office. These counted kilowatt hours will be deducted from the shared current meter and set off against congatec AG.
The monthly rental payment amounts to 5.90 EUR per square meter as with the other rooms, plus the current VAT, at the moment 19%.
The advance payment for operating costs (advance service charge) amounts to net 2.50/m² as with the spaces already rented, plus the current VAT. The advance payment may be adjusted to the actual operating costs after a year.
The calculation of the rent is set forth in Schedule 1.
Apart from that, the provisions of Commercial Lease No. 8 dated 09/29/2010 shall apply.
As set down in Art. 19 to this Commercial Lease, a deposit of three monthly rents including operating costs is also due for the newly rented rooms when moving in; this corresponds to a deposit of 2,091.60 € being due.
Deggendorf, 2/26/2015
/s/ Heinz Iglhaut |
| /s/ Gerhard Edi |
|
|
|
IM Immobilien GbR |
| congatec AG |
- Landlord – Heinz Iglhaut |
| Tenant – Gerhard Edi |
Schedule 1 to the Amendment to Commercial Lease No. 8 dated 02/26/2015 subject: Renting new offices on the second floor
Rent and operating costs from 03/01/2015
The m² information includes proportional bathroom space.
|
| m² |
| € |
| € |
| € |
|
First floor conference room |
| 39.17 |
|
|
|
|
|
|
|
First floor big office |
| 224.15 |
|
|
|
|
|
|
|
First floor canteen |
| 71.05 |
|
|
|
|
|
|
|
2. floor big office |
| 175.22 |
|
|
|
|
|
|
|
rent |
| 592.59 |
| 5.90 |
| 3,496.28 |
|
|
|
Attic story lump sum |
|
|
|
|
| 600.00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Monthly rental payment |
|
|
|
|
|
|
| 4,096.28 |
|
|
|
|
|
|
|
|
|
|
|
Operating costs |
| 592.59 |
| 2.50 |
| 1,481.48 |
|
|
|
Operating costs attic story: for determining the operating costs, 50 % of the space shall be appropriated |
| 176 |
| 2.50 |
| 440.00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Monthly advance service charge |
|
|
|
|
|
|
| 1,921.48 |
|
|
|
|
|
|
|
|
|
|
|
Net rent and operating costs |
|
|
|
|
|
|
| 6,017.76 |
|
|
|
|
|
|
|
|
|
|
|
Plus. 19 % VAT |
|
|
|
|
|
|
| 1,143.37 |
|
|
|
|
|
|
|
|
|
|
|
Gross rent and operating costs |
|
|
|
|
|
|
| 7,161.13 |
|
Deggendorf, 2/26/2015
/s/ Heinz Iglhaut |
| /s/ Gerhard Edi |
|
|
|
IM Immobilien GbR |
| congatec AG |
- Landlord – Heinz Iglhaut |
| Tenant – Gerhard Edi |
