Summary English Translation of Commercial Sublease Agreement, dated March 27, 2014 Parties: Cdiscount S.A. (“Cdiscount”) and Casino Guichard-Perrachon, S.A. (“CGP”) Date: March 27, 2014
Exhibit 10.13
Summary English Translation of Commercial Sublease Agreement, dated March 27, 2014
Parties: Cdiscount S.A. (“Cdiscount”) and Casino Xxxxxxxx-Xxxxxxxxx, X.X. (“CGP”)
Date: Xxxxx 00, 0000
Xxxxxxx: CGP as lessee leases to Cdiscount as sublessee certain office space located at 000-000 Xxxx xx Xxxxxxx, Xxxxxxxx, 00000 (lot number: GK 17 to 19 Cadastral sections).
Summary of Major Terms:
· Premises covered by the lease include 7,298 square meters of office space, including common areas, storage space and technical facilities.
· Term of lease is nine years, from September 1, 2012 to August 31, 2021, with the option to renew for an additional nine-year period unless terminated with six-months prior notice.
· Annual rent set forth in Lease A is 1,209,549.96 euros and is payable on a quarterly basis.
· In the event of breach Cdiscount, CGP may terminate the lease with 30 days’ prior written notice to Cdiscount, unless the breach is partially or fully cured during such period.
· Certain modifications, including improvements and renovations, are permitted on the premises; however Cdiscount will be held liable for any violations of applicable regulations with respect thereto.