PAGE> Lease The following lease is being concluded between Mair GmbH & Co. KG Nederlinger Strabe 11, 80638 Munich - hereinafter referred to as landlord - and Or Industrial Computers GmbH Sieglindenstr. 19 1/2, 86152 Augsburg - hereinafter referred to...
<PAGE>
Exhibit 10.a1
Lease
The following lease is being concluded
between
Xxxx GmbH & Co. KG
Nederlinger Xxxxxx 00, 00000 Xxxxxx
- hereinafter referred to as landlord -
and
Or Industrial Computers GmbH
Sieglindenstr. 19 1/2, 86152 Augsburg
- hereinafter referred to as tenant -
<PAGE>
Lease between Xxxx GmbH & Co. KG and Or Industrial Computers GmbH
Section 1 Leased property
1. The following areas are being leased in the property
constructed on the premises located at Xxxxxxxxx Stra(beta)e
14 in Augsburg:
<TABLE>
<CAPTION>
Leased areas Surface area Price (DM) Total monthly rent
(square meters) (DM)
---------------------------- -------------------- -------------- - ------------------
<S> <C> <C> <C>
3rd floor 446 10.50 4,683.00
4th floor 446 10.50 4,683.00
5th floor 446 10.50 4,683.00
6th floor 446 10.50 4,683.00
Basement rooms K11 and K12 167 5.00 835.00
Parking spaces 30 30.00 900.00
20,467.00
=========
</TABLE>
2. A variance of up to 3% between the leased area specified in
the floor plan and the actual area does not constitute a
claim for modification of rent on the part of either the
landlord or the tenant. If there is a variance of more than
3%, rent will be adjusted in accordance with the full amount
of the variance.
3. The landlord shall only be held liable for structural
defects in the event of gross negligence.
4. The tenant engages in the manufacture and sale of electronic
devices, as well as hardware and software, in the leased
space. He is also entitled to engage in similar business
operations in the leased space. The leased premises may only
be used for other purposes with the prior written approval
of the landlord.
5. The tenant has been issued a sufficient number of keys for
the duration of the rental period. The tenant agrees to
return all keys upon termination of the rental period.
6. The rent will be increased annually by 2.5% on January 1st
of each year. Each increase will be based on the most recent
applicable rent.
Section 2 Term of lease
1. The lease begins on January 1, 1996 or upon occupation of
the premises, but no later than February 1, 1996.
2. The lease is being concluded for a period of ten years.
Unless it is canceled by one of the contracting parties no
later than one year prior to expiration of the
<PAGE>
term of the lease, the lease will be automatically extended
for periods of five years each.
3. In addition, the tenant will be given the option of leasing
the space on the ground floor, as well as space on the 2nd
floor, five years after the beginning of the lease. Should
the space on the ground floor and on the 2nd floor be leased
to outside tenants during this five-year period,
arrangements can be made so that the Or Company is
responsible for this property as the general tenant. The
conditions will be established when the option is exercised.
4. Notice of termination must be delivered by registered
letter, which must be received by the other contracting
party no later than the last business day prior to the first
day of the period of notice. The timeliness of termination
will be determined by the date on which the letter of
termination is received by the contracting party.
5. During the notice period, the tenant must permit the posting
of for-rent signs in windows and other suitable locations.
6. Section 568 BGB does not apply upon expiration of the rental
period. Any lease extension agreements must be made in
writing.
Section 3 Extraordinary termination
1. Both contracting parties are entitled to the extraordinary
termination of the agreement for good cause.
2. The landlord can terminate the lease for good cause
effective immediately if
a.) the tenant is more than two months in arrears,
partially or fully, with payment of rent or other
payment obligations,
b.) the tenant or individuals acting on behalf of the
tenant is responsible for substantial harassment
of the landlord, other tenants, or individuals
acting on behalf of these parties,
c.) the tenant continues to use the premises in
violation of the terms of the lease or continues
the unauthorized relinquishment [of the premises]
to third parties, in spite of having been warned
not to do so by the landlord,
d.) the tenant files application for the institution
of reorganization or bankruptcy proceedings,
extrajudicial proceedings to regulate debt are
instituted, or the tenant defaults,
e.) the tenant's liability base becomes significantly
impaired in comparison to the conditions indicated
at the time of lease signing,
<PAGE>
f.) the tenant fails to meet his remaining contractual
obligations within a reasonable period of time, in
spite of having been warned in writing by the
landlord.
3. In the event of a premature termination of the lease for
which the tenant is responsible, the tenant will be liable
for the loss of rent, collateral fees and other services for
the period of time [in question], as well as all other
losses suffered by the landlord as a result of premature
termination of the lease. Continued payment of the agreed
rent and any applicable collateral fees until the end of the
term of the lease may be required as minimum damages, unless
the landlord has indemnified himself or could have
indemnified himself by otherwise leasing the space.
4. A claim for reimbursement of the security payment or any
rent paid in advance does not exist for the duration of the
agreed term of the lease. The landlord is entitled to retain
these security payments until the intended termination of
the lease, unless a replacement tenant with the same credit
standing has been found or could have been found.
Section 4 Premature termination of the lease
1. The tenant is entitled to demand cancellation of this lease
during the lease period if he assumes other office space on
the property from the landlord in application of the right
to rent property provided in this lease. The tenant is also
entitled to demand cancellation of this lease with three
months' notice during the term of the lease if he provides
the landlord with a subsequent tenant with the same credit
standing who is acceptable to the landlord.
2. If a subsequent tenant is not provided, the lease can be
terminated with three months' notice if the tenant agrees to
pay damages of DM 50,000.00
3. The parties to the lease will arrange the details of
cancelling this lease according to the situation on hand,
with the stipulation that a clean transition must be
guaranteed.
Section 5 Rent
1. The monthly rent amounts to DM 20,467.00 (in words: Twenty
thousand four hundred and sixty seven German marks), plus
the applicable value-added tax.
2. In addition to the rent, the tenant is responsible for
payment of a share of the following incidental expenses
based on the ratio of the space being leased to him to the
total rental space on the property:
<PAGE>
a.) the cost of heating, air-conditioning, lighting,
sprinkler system, etc.;
b.) the cost of common areas and facilities;
c.) the cost of the water supply;
d.) the costs of cleaning the building, including the
common areas and rooms, the external glass and
facade areas, as well as the cost of pest control;
e.) the costs of street cleaning and of maintaining
and repairing all outside facilities, such as
landscaped areas, sidewalks, parking lots, access
roads, etc., as well as the cost of snow and ice
removal;
f.) drainage costs;
g.) waste disposal costs;
h.) chimney sweeping fees;
i.) the costs for building personnel, as well as
equipment and materials required for operation and
cleaning of the building;
j.) the cost of operating a freight elevator;
k.) the cost of operating and maintaining the common
antenna;
l.) the cost of purchasing, maintaining, and operating
temperature measuring equipment, including that
installed due to regulatory requirements after
conclusion of the lease;
m.) the cost of building insurance, except fire
insurance, building liability insurance, and
property taxes.
3. The landlord or a firm commissioned by the landlord shall
prepare the final xxxx for incidental expenses during the
first half of each year following the year in which these
expenses were incurred. The landlord is entitled to change
the billing method and period for incidental expenses or to
change individual incidental expense items. The landlord is
entitled to require suitable monthly advance payments on the
aforementioned incidental expenses. These payments can be
adjusted and set accordingly to reflect actual use. The
landlord is also entitled to transfer the collection of
payment for individual incidental expenses, such as heating
costs, electricity costs, etc., directly to the applicable
utility company. All municipal fees must be paid directly by
the tenant. Should the City of Augsburg xxxx the landlord
for these fees, they will be charged to the tenant.
4. In coordination with the landlord, the tenant agrees to pay
the invoicing party directly for all incidental expenses
incurred, if possible.
5. The tenant is responsible for payment of incidental
expenses, regardless of whether and to which degree he uses
the common areas of the general property.
Section 6 Payment of rent and incidental expenses
1. Rent is payable monthly, in advance, by no later than the
third business day of each month into an account to be
specified by the landlord. The timeliness of
<PAGE>
payment shall be determined by the date on which funds are
received, and not by the mailing date.
2. If payments are in arrears, the landlord is entitled to
charge collection fees and late payment fees. This does not
affect the assertion of other claims for damages.
3. In response to any instructions provided by the tenant, the
landlord may, at his own discretion or consideration, use
payments made by the tenant to offset unpaid liabilities
arising from this agreement or other agreements concluded
with the tenant.
4. Rent will be prorated by calendar days for the month of
transfer. Each calendar day, including the date of transfer,
shall correspond to 1/30 of the monthly rent and incidental
expenses.
5. The tenant is not entitled to offset the landlord's claims
arising from this lease with disputed counter-claims or to
use such counter-claims to assert the right of retention.
The tenant can assert claims for reduction if the use of the
leased space was compromised, but not in a purely
insignificant manner.
<PAGE>
Section 7 Security
1. To secure all payment obligations arising from this
agreement, the tenant is obligated to pay the landlord a
security in the amount of DM 50,000.00 upon transfer of the
leased property. The security payment will not be returned
until all obligations of the tenant are paid, especially
those for payment of rent, incidental expenses, and
maintenance costs, and until the leased property has been
vacated and surrendered.
2. 6.3% in annual interest will be paid on the cash security
payment. Interest payments are due on the 31st of December
of each year.
3. The security payment may not be mortgaged or assigned.
Section 8 Heating
1. The heating system is a shared system. In addition to normal
heating costs, the cost of operation, care, and maintenance
of the heating system and of the temperature measuring
service, as well as repair of the system, will be
distributed among all tenants based on the ratios of space
rented by individual tenants to the entire rented space in
the building (see Section 5, section 2).
2. A partial or full shutoff of the heating system due to a
local fuel shortage does not entitle the tenant to assert
claims for reduction or damages. The same applies to all
other types of necessary interruptions in service.
Section 9 Subletting
1. The tenant is entitled to sublet or allow third parties to
use the leased space, provided he complies with the
stipulations for use of the leased space described under
Section 1. Before concluding a sublease or beginning any
other form of surrender of use, the tenant must notify the
landlord of his intention to do so. The landlord can
prohibit subletting or other surrender of use for good
cause.
2. In the event of unauthorized subletting or surrender of use,
the landlord is entitled to have any company signs of
companies that are not contracting parties removed at the
expense of the tenant.
3. In the event of unauthorized subletting, the landlord can
terminate the lease without notice. Furthermore, he can
demand that the tenant terminate the sublease immediately,
but within no more than one month. In the event of a
sublease or surrender of use to third parties approved by
the landlord, the tenant
<PAGE>
will be held liable for all actions or assignments of his
subtenant or of the party to whom he has surrendered the use
of the leased premises.
4. In the event of a sublease, the tenant, as a precautionary
step, will now assign any claims he may have against the
subtenant, as well as any liens, to the landlord in an
amount not to exceed the landlord's claims
5. Any profits achieved by the tenant from the subletting
arrangement are to be surrendered in full to the landlord.
Section 10 Official requirements
1. The tenant is solely responsible for any official permits he
requires in order to do business on the leased premises.
These permits have no effect on the obligation to pay rent
or on the date on which the lease begins.
2. Structural and operational requirements arising from the
commercial operations being conducted by the tenant on the
leased premises must be directly fulfilled by the tenant at
his own expense.
Section 11 Maintenance and structural changes to the leased premises
1. The landlord will have all maintenance work and necessary
repairs to the leased premises be completed at his own
expense.
2. According to the enclosure from Xx. Xxxxxxx, architect,
operations-specific installation work will be performed on
levels 3, 4, 5, and 6 at a cost of DM 40,000.00. (Paint
walls, ceilings, and windows white. Freshly paint facade
walls, if installed for operational reasons. Re-cover floors
with ANTI-STATIC material as specified. Install 32 new glass
doors.)
3. For these installations, the tenant will pay a maximum
surcharge of DM 40,000.00 net (not including sales tax),
payable upon occupation of the premises.
4. The tenant is obligated to perform, at his own expense, any
cosmetic repairs that become necessary during the term of
the lease, as well as to maintain shutters, lighting and
air-conditioning systems, locks, WATER FAUCETS, TOILETS,
DRAINS, HEATING EQUIPMENT, SUN SHADES on windows, and
similar features in usable condition, as well as to replace
broken panes of glass.
5. The tenant must notify the landlord or his agent of any
damage to or in the building and in the leased premises as
soon as he becomes aware of such
<PAGE>
damage. The tenant is liable for any additional damage
attributable to tardy notification. In the event of imminent
danger, the tenant must himself take the necessary steps to
protect the landlord against unavoidable loss.
6. The tenant is liable to the landlord for damages
attributable to his negligent violation of his obligation to
exercise due care, especially if supply and drainage lines,
toilet and heating systems, etc., are operated in an
improper manner, the premises are inadequately ventilated,
heated, cleaned, or insufficiently protected against
freezing.
7. The tenant is equally liable for damages attributable to the
negligent actions of vicarious agents, subtenants, visitors,
suppliers, craftsmen, etc.
8. The tenant must immediately eliminate any damages for which
he is answerable. If, after having received a written
warning, the tenant fails to meet this obligation within a
reasonable amount of time, the landlord can have the
necessary work performed at the expense of the tenant. If
there is a risk of imminent damage, written notification and
provision of notice is not required.
9. The tenant may only undertake structural modifications,
especially renovation and the installation of fixtures,
built-ins, etc., with the prior written approval of the
landlord. The landlord is required to provide his approval
if the tenant has a legitimate interest in the modification
and if it does not compromise any legitimate interests on
the part of the landlord. If the landlord issues such
approval, the tenant is responsible for obtaining the
necessary official permits. He is responsible for all costs
associated with such permits, as well as for the cost of
performing the construction work. Building safety may not be
compromised by structural changes under any circumstances.
The approval must also include a decision regarding whether
the built-ins are to remain on the premises or be removed
upon termination of the rental period.
10. The tenant is liable for all damages incurred in connection
with the construction work he undertakes.
Section 12 Improvements or structural changes undertaken by the landlord
1. The landlord may undertake improvements or structural
changes that become necessary to maintain the building or
the leased space, as well as to avert imminent danger or to
remove damage, even without the approval of the tenant. This
also applies to work that is not necessary but beneficial,
such as modernization of the building and the leased
premises. The tenant must provide access to the premises in
question at all times, and may not obstruct or delay
completion of the work.
<PAGE>
2. To the extent that the tenant must tolerate the work,
asserting claims for damages, offsetting claims, and
withholding rent payment are precluded. However, the
landlord must, if possible, make necessary allowances for
the business interests of the tenant, and may not extend the
work for more than four weeks. A share of the rent may be
withheld if this limit is exceeded.
3. The tenant will bear the cost of any structural
modifications or built-ins that become necessary due to
changes in the law or official requirements, provided such
modifications and built-ins are attributable to his business
operation.
Section 13 Landlord's access to the leased premises
1. The landlord or his agent is entitled to enter the leased
premises during business hours. They are also permitted
access at any time in the event of imminent danger.
2. If the landlord wishes to sell the property, he or his agent
may enter the leased premises, together with potential
buyers, during business hours. If the lease has been
terminated, he or his agent may enter the leased premises,
together with potential tenants, during business hours
3. The tenant must ensure that the premises can also be entered
during his absence.
Section 14 Landlord's right of lien
1. In the interest of exercising his right of lien, the
landlord or his agent is entitled to enter the leased
premises, alone or in the presence of a witness, at any
time. The landlord may remove any objects that are subject
to the landlord's lien and place them under lock and key in
a location of his choice.
2. If property that has been brought in is seized by a third
party, the tenant is obligated to notify the landlord
immediately.
3. The landlord's right of lien for claims arising from this
agreement also applies to any items that the tenant has
brought into other properties owned by the landlord in
connection with other leases concluded with the landlord.
Section 15 Transfer of the lease by the landlord
Subject to the consent of the tenant, the landlord is permitted to
allow another person or company to assume from the landlord the rights
and obligations of the
<PAGE>
lease, including all collateral agreements, with the effect of
discharging the landlord's obligation.
Section 16 Termination of the rental period
1. Following termination of the rental period, the tenant must
return the leased premises to the landlord in a
professionally renovated condition. In particular, this
means that the walls, ceilings, and windows must be painted
and appropriate cleaning work performed.
2. Upon vacating the leased premises, the tenant must return
all keys to the landlord, including those he procured
himself, without demanding payment. Otherwise, the landlord
is entitled to open the leased premises at the expense of
the tenant, to have them professionally renovated, and to
have new locks or keys made.
3. The tenant may remove any fixtures he has added to the
leased premises. However, the landlord may demand that the
fixtures be left on the premises upon termination of the
lease if the landlord pays a fee corresponding to their
actual cash value. The tenant must remove any built-ins he
has had installed and restore the leased premises to their
original condition, unless the landlord has agreed that they
may remain on the leased premises at no charge.
4. The landlord and tenant must discuss the removal of the
fixtures and built-ins in a timely manner, so that any
agreements in this regard can be reached before the premises
are vacated. If the landlord does not assume the tenant's
fixtures, the tenant must, at the end of the lease, return
the leased premises to the condition in which they were
transferred to the tenant.
Section 17 Other agreements
1. The tenant is not entitled to assign to third parties any
claims and rights against the landlord to which he is
entitled.
2. The tenant declares that he has been entered into the
commercial register of .......
3. There are no collateral agreements to this lease. To be
legally effective, supplementary agreements must be made in
writing.
4. If desired, the tenant will be granted the right of first
refusal to the leased premises. The parties are in agreement
that the right of first refusal must be exercised in
officially certified form to be effective.
<PAGE>
5. Should a provision of this agreement be of no effect, the
actual intention shall apply.
Munich, dated July 27, 1995 Augsburg, dated August 9, 1995
Xxxx GmbH & Co. KG Or Industrial Computers GmbH
- - Landlord - - Tenant -
<PAGE>
Section 1 Leased property
1. The following areas are being leased in the property
constructed on the premises located at Xxxxxxxxx Stra(beta)e
14 in Augsburg:
<TABLE>
<CAPTION>
Surface area Price (DM) Total monthly rent
(square meters) (DM)
--------------------------------- --------------- ------------- --- ---------------
<S> <C> <C> <C>
Ground floor without vestibule 452 10.50 4,746.00
2nd floor 580 10.50 6,090.00
3rd floor 446 10.50 4,683.00
4th floor 446 10.50 4,683.00
Parking spaces 30 30.00 900.00
21,102.00
=========
</TABLE>
Following the renovation, the number of square meters will
reestablished according to new measurements; the rent will
be recalculated on the basis of the new measurements.
2. The landlord shall only be held liable for structural
defects in the event of gross negligence.
3. The tenant engages in the manufacture and sale of electronic
devices, as well as hardware and software, in the leased
space. He is also entitled to engage in similar business
operations in the leased space. The leased premises may only
be used for other purposes with the prior written approval
of the landlord.
4. The tenant has been issued a sufficient number of keys for
the duration of the rental period. The tenant agrees to
return all keys upon termination of the rental period. Steps
must be taken to ensure that the leased premises can be
sealed off against the remainder of the building for
insurance purposes. The necessary measures will be
coordinated with the architect. The tenant shall be
responsible for the resulting costs.
5. The rent will be increased annually by 2.5% on January 1st
of each year. Each increase will be based on the most recent
applicable rent.
Section 2 Term of lease
1. The lease begins on January 1, 1996 or upon occupation of
the premises, but no later than February 1, 1996. It cannot
be terminated during the first five years, until December
31, 2001 or December 31, 2002.
<PAGE>
Augsburg, [illegible date]
<PAGE>
AMENDMENTS TO THE LEASE [FOR THE PROPERTY LOCATED AT]
XXXXXXXXX STR. 14
between
XXXX GMBH & CO. KG
NEDERLINGER XXXX(XXXX)X 00, 00000 XxXXXX
and
OR INDUSTRIAL COMPUTERS GMBH
XXXXXXXXXXXXX. 00 0/0, 00000 XXXXXXXX
PAR. 1, SECTION 5
Steps must be taken to ensure that the leased premises can be sealed off against
the remainder of the building for insurance purposes. The necessary measures
will be coordinated with the architect.
PAR. 2, SECTION 2
A rent amount conforming to local custom shall be used as the point of reference
for extensions.
PAR. 2, SECTION 3
The agreed conditions shall also apply to the new areas, but only if a lease is
concluded for these areas within the next five years.
PAR. 2, SECTION 4
Termination may be effected by registered letter or by fax.
PAR. 5, SECTION 2K
To be deleted without replacement.
PAR. 5, SECTION 2L
<PAGE>
To be deleted without replacement.
PAR 5, SECTION 5
Incidental costs will be billed in proportion to the property rented.
PAR. 6, SECTION 4
The tenant has the option of storing his effects at no charge for up to one
month prior to occupation of the premises (as permitted by renovation work).
PAR. 9, SECTION 5
If the tenant opts to rent the entire property within five years, he may
temporarily sublet segments of the property at a higher price per square meter.
However, this shall only apply during the first five years of the lease.
PAR. 11, SECTION 2
The tenant will be responsible for the cost of installing new unpainted drywall,
including the corresponding electrical wiring, at a total cost not to exceed DM
40,000.00. The landlord will be responsible for the cost of subsequent work
performed in accordance with the tenant's instructions. Plans will be
coordinated with the architect. Additional changes will be charged to the
tenant. The landlord will bear the cost of demolition and removal of drywall,
painting the walls, ceilings, and windows, installation of conductive floors, as
well as the installation of clear full glass doors (no more than 10 units per
floor).
PAR. 11, SECTION 4
Cosmetic repairs are subject to legal requirements, as well as to the fact that
the property is being transferred in perfect condition, as documented in a
property transfer report.
Munich, August 18, 1995
Xxxx GmbH & Co. KG Or Industrial Computers GmbH
- - Landlord - - Tenant -
<PAGE>
Second amendment to the lease [for the property located at]
Xxxxxxxxx Xxx. 00
between Xxxx GmbH & Co. KG
and
Or Industrial Computers GmbH
According to the enclosed ground floor plan of outside facilities, EFFECTIVE
MARCH 1, 1997, you will receive
2 additional parking spaces, bringing the total number to 32.
According to our letter of January 9, 1997, the new rent effective March 1, 1997
is:
DM 21,629.55 net
+ parking spaces @ DM 30.00 each DM 60.00
+ 2.5% rent increase DM 1.50 DM 61.50
---- ----------
DM 21,691.05
+ 15% VAT' DM 3,253.66
DM 24,944.71 gross
---- ---------- ---- -
Munich, dated Xxxxx 0, 0000 Xxxxxxxx, dated March 12, 1997
Xxxx GmbH & Co. KG Or Industrial Computers GmbH
- - Landlord - - Tenant -
<PAGE>
Addendum/amendment to the lease dated July 27 / August 9, 1995
Due to the installation of current meters by the Augsburg Municipal Works, the
interim meters are no longer needed. Current consumption will now be measured at
individual tenant meters provided by the City of Augsburg. A meter will also be
installed for the common areas.
This general meter covers: - stairwell lighting
- elevator
- heating
As with individual tenants' consumption, this meter will also be read and a xxxx
provided by the City of Augsburg.
To simplify invoicing, the tenant, Or Industral Computers, will assume the costs
for the remaining tenants and will allocate these costs further according to the
following distribution key:
Or 63.04% = 1.924 m2
C&S 36.62% = 965 m2
Xxxxxxxxxx 5.34% = 163 m2
------------
3,052 m2
The distribution key will be revised if there are any changes in the areas being
leased.
After preparing an estimate, the Augsburg Municipal Works will require a monthly
installment payment, to which all tenants will contribute. The same applies to
water and other utilities, as well as maintenance, but does not apply to heating
oil.
The cost of heating oil will be distributed among all tenants on the basis of
the previous year's total oil xxxx and the distribution key and will be
converted into a monthly fixed installment, which will be paid, as described
earlier, to the primary tenant listed below.
The monthly flat rate for power used in common areas, maintenance, water, and
sewage is initially set at DM 1,200.00 for all parties (to be distributed
according the distribution key). Depending on consumption, this flat fee may be
reassessed in the following year.
The primary tenant,
<PAGE>
OR INDUSTRIAL COMPUTERS GMBH,
is in agreement with the handling of internal invoicing, while the tenants,
Or Industrial Computers ground floor to 4th floor,
C&S Computer + Software 5th and 6th floors,
Xxxxxxxxx Xxxxxxxxxx basement rooms,
are in agreement with the handling of distribution [of expenses] and assumption
of the cost of shared electricity.
The [cost of] heating oil will be immediately reallocated based on the
distribution key, depending on the invoice.
<PAGE>
This agreement also establishes that the primary tenant, Or, will be responsible
for ordering fuel, as well as for paying power and water bills.
To cover the expense of the resulting invoicing and monitoring activities, a
temporary annual fee of DM 750.00 per tenant will be assessed. This fee will be
established jointly in relation to actual expenses.
This fee for expenses includes:
- monitoring the heating oil supply
- ordering heating oil and handling its delivery
- invoice allocation among the tenants
- inspecting the furnace room and monitoring the heating
system's operation and potential problems - allocation of
the cost of electricity for common areas among the tenants -
elevator monitoring and maintenance administration
The following parties are in agreement with the addendum to the lease:
Or Industrial Computers
C&S Computer + Software
Xxxxxxxxx Xxxxxxxxxx
Munich, November 26, 1997 Augsburg, November 24, 1997
Xxxx, landlord Or, tenant
Augsburg, November 24, 1997
C&S, tenant
Augsburg
Xxxxxxxxxx, tenant
