Amendment to Nuritkum Square Office Lease Agreement
Exhibit 4.44
Amendment to Nuritkum Square Office Lease Agreement
(1) Reason for the amendment: Reduction of the lease premise area
(2) Effective date: May 1st, 2013
<Contents of the Amendment>
(1) Standard Lease Agreement
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Classification |
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Before Amendment |
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After Amendment |
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Term |
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January 1st, 2013 ~ December 31st 2014 |
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January 1st, 2013 ~ December 31st 2014 |
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Description of Premises |
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Total 10,270.54m² (incl. Public Area) - 15th floor above the ground for Business Tower 2,858.30m² - 15th floor above the ground for R&D Tower 4,820.26m² - 14th floor above the ground for R&D Tower 2,591.98m² |
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Total 9,817.10m² (incl. Public Area) - 15th floor above the ground for Business Tower 2,858.30m² - 15th floor above the ground for R&D Tower 4,820.26m² - 14th floor above the ground for R&D Tower 2,138.54m² |
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Down Payment |
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KRW1,304,872,100 |
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KRW1,247,262,550 |
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Monthly Rent |
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KRW104,389,760 (excluding VAT) |
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KRW99,781,000 (excluding VAT) |
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Monthly Maintenance Charge |
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KRW73,947,880 (excluding VAT) |
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KRW70,683,120 (excluding VAT) |
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Parking |
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Free Parking: 62 cars |
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Free Parking: 59 cars |
(2) Lease Agreement (General Conditions)
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Classification |
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Before Amendment |
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After Amendment | ||||||||
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Article 1 (Description of Premises) |
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(1) The Lessor leases the premises below to the Lessee and the Lessee leases the premises below from the Lessor; Description of Premises Nuritkum Square Business Tower & R&D Tower, 396 World Cup buk-ro (Sangam-dong), Mapo-gu, Seoul, Korea Office: 10,270.54m² (including Public Area, building efficiency ratio of 50%) - 15th floor above the ground for Business Tower: 2,858.30m² - 15th floor above the ground for R&D Tower: 4,820.26m² - 14th floor above the ground for R&D Tower: 2,591.98m² |
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(1) The Lessor leases the premises below to the Lessee and the Lessee leases the premises below from the Lessor; Description of Premises Nuritkum Square Business Tower & R&D Tower, 396 World Cup buk-ro (Sangam-dong), Mapo-gu, Seoul, Korea Office: 9,817.10m² (including Public Area, building efficiency ratio of 50%) - 15th floor above the ground for Business Tower: 2,858.30m² - 15th floor above the ground for R&D Tower: 4,820.26m² - 14th floor above the ground for R&D Tower: 2,138.54m² | ||||||||
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Article 4 (Security Deposit) |
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(1) The Lessee shall determine the security deposit for the premises described above as follows and deposit the security deposit KRW1,304,872,100 without any interest during the period of lease: |
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(1) The Lessee shall determine the security deposit for the premises described above as follows and deposit the security deposit KRW1,247,262,550 without any interest during the period of lease: | ||||||||
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Classification |
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Amount( |
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Payday |
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Classification |
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Amount ( |
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Payday |
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Original amount |
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1,304,872,100 |
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Paid |
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Down Payment |
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1,247,262,550 |
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Paid |
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Payment made |
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-57,609,550 |
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To be refunded after the amendment agreement being effected |
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Total |
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1,304,872,100 |
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Classification |
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Before Amendment |
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After Amendment |
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Article 5 (Rent) |
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(2) The Lessee shall pay the monthly rent of KRW104,389,760 (excluding VAT) in cash through the bank designated by the Lessor on the 15th day of each month (if the 15th day falls on holidays, on the next business day). |
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(2) The Lessee shall pay the monthly rent of KRW99,781,000 (excluding VAT) in cash through the bank designated by the Lessor on the 15th day of each month (if the 15th day falls on holidays, on the next business day). |
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Article 6 (Maintenance Charge) |
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(1) The Lessee shall pay the monthly maintenance charge of KRW73,947,880 (excluding VAT) in cash through the bank designated by the Lessor on the 15th day of each month(if the 15th day falls on holidays, on the next business day). |
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(1) The Lessee shall pay the monthly maintenance charge of KRW70,683,120 (excluding VAT) in cash through the bank designated by the Lessor on the 15th day of each month(if the 15th day falls on holidays, on the next business day). |
(3) Lease Agreement (Special Conditions)
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Classification |
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Before Amendment |
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After Amendment |
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Article 1 (Parking) |
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(1) The number of cars subject to free parking are 62 cars and addition shall not be allowed. (2) The number of cars subject to paid parking are 44 cars. However, the number of additional cars subject to paid parking may be adjusted through mutual consultation according to the Lessor’s operational condition. (3) Matters related to parking shall comply with the regulations for parking control of Nuritkum Square. |
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(1) The number of cars subject to free parking are 59 cars and addition shall not be allowed. (2) The number of cars subject to paid parking are 43 cars. However, the number of additional cars subject to paid parking may be adjusted through mutual consultation according to the Lessor’s operational condition. (3) No change |
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Article 2 (Penalty Resulting From Early Termination) |
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In the event that the agreement is terminated during the term of agreement at the Lessee’s request, the Lessee shall pay to the Lessor the amount equivalent to the 20% discount of the monthly rent already applied in cash in addition to the liquidated damages in accordance with Article 26 (Termination of the Agreement During the Agreement Term and the Liquidated Damages) paragraph (1) of “the Lease Agreement (General Conditions).”. |
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No change |
May 1, 2013
Lessor
Address: 00-0 Xxxxx-xxxx, Xxxxxx-xx, Xxxxx, Xxxxx
Name of Company: National IT Industry Promotion Agency
Representative: Park, Soo Yong (seal)
Lessee
Address: Nuritkum Square Business Tower 00X, 000 Xxxxx Xxx xxx-xx (Xxxxxx-xxxx), Xxxx-xx, Xxxxx, Xxxxx
Name of Company: Gravity Co., Ltd.
Representative: Park, Hyun Chul (seal)
