LEASE EXTENSION Dear Sirs,
Exhibit 10.37
| Dear |
| ENERGY VAULT SA |
| Via Xxxxxxx 00 |
| 6900 Lugano |
| |
| |
| Bioggio, 1 giugno 2021 RQ/tc |
Dear Sirs,
As discussed and agreed with Xx. Xxxxxxxx Xxxxxxxx, we confirm our agreement for the extension of the partial lease of mappale 55 RFD Castione from 1 November 2021 to 30 October 2022 at the following conditions:
Space and buildings at your disposal as per the attached plan.
Rent of Chf./year 252'400.00 + VAT payable in quarterly instalments in advance.
All management expenses are at your charge.
All other clauses of the current lease agreement will remain valid.
Energy Vault SA will have to extend or issue a new guarantee expiring on 30 October 2022 as attached and to be delivered to Castim SA by 30 September 2021.
For the above, a copy of the liability insurance in respect of your activities on the subject land parcel is required.
This confirmation, signed by both parties, is valid as a binding document and as an extension of the lease agreement.
FOR APPROVAL |
| |
| | |
ENERGY VAULT SA | | CASTIM SA |
| | Xxxxxxxx Xxxxxxxx |
| | |
/s/ Xxxxxx Xxxxxx | | /s/ Xxxxxxxx Xxxxxxxx |
Annexes: cited
CASTIM SA
Via Industria 31 - 6934 Bioggio (CH)
Tel+x00 00 000 00 00
Fax+x00 00 000 00 00 E-mail xxxxxxxx@xxxxxxxx.xxx
