Sub-Tenancy Agreement
EXHIBIT
10.19
between
Heinz-Xxxxxx
Xxxxxx
Xxxxxxxxxxxxxxxx
00, 0000
(xx
Xxxxxx)
and
DWM
Petroleum AG
Xxxxxxxxxxxxxx
0, 0000 Xxxx
(as
Tenant)
the
following sub-tenancy agreement is concluded:
1.
RENTED PREMISES
a)
Offices
In
joint use with the co-tenant, the Tenant is entitled to use the:
Entrance,
stairwell, parking spaces, garden, boat space and guest bedroom for business
associates, including board.
2.
RENTAL PERIOD
The
tenancy relationship entered into effect on 1st May 2004 and is concluded for
an
indefinite period.
3.
RETURN OF THE RENTED OBJECT
On
expiry of the rental term, the Tenant undertakes to return the rooms in the
same
condition as they were at the start of the rental.
4.
RENT
The
rent is in the monthly net sum of:
Total
rent incl.
charges CHF10,000
payable
monthly.
Lease
contract -DWM Petroleum AG - Page 1 of 2
5.
Other Terms and Conditions of the Contract
5.1
Obligation to Notify
The
Tenant must ensure that, in the event of an emergency, the rented abject can
be
entered unimpeded. The Tenant is responsible for supervision. The Tenant must
also notify the Lessor immediately in the event of any damage to the rented
abject when it is not responsible for repairing that damage.
5.2
Basis
This
sub-tenancy agreement is based on the lease contract signed by Xx. Xxxxx-Xxxxxx
Xxxxxx in respect to this property. The terms and conditions set out therein
also apply here in so far as necessary and expedient.
5.3
Period of notice
This
agreement may be terminated at any time by the end of the respective month
with
a notice period of 3 months.
5.4
Jurisdiction
a)
The place of jurisdiction is Horgen.
b)
The provisions of the Law of Contracts shall apply subsidiarily. Any amendments
or additions to this sub-tenancy agreement and any additional agreements must
be
set out in writing and signed by both parties.
Baar,
26th October 2006
Die
Lessor:
Heinz-Xxxxxx
Xxxxxx
/s/
Xxxxx-Xxxxxx
Xxxxxx
The
Tenant:
DWM
Petroleum AG
/s/
Xxxx
Xxxxx
Lease
contract - DWM Petroleum AG - Page 2 of 2
