English summary of leases “Mietvertrag für Gewerberäume zwischen Herrn Horst Theilemann und FAST Multimedia Aktiengesellschaft und Pinnacle Systems GmbH” and “Mietvertrag für Gewerberäume zwischen Herrn Horst Theilemann und FAST Multimedia...Industrial Lease Contract • September 27th, 2002 • Pinnacle Systems Inc • Photographic equipment & supplies
Under the lease contract of December 19, 1997, Fast Multimedia AG leased property (plot number 8502/5 and a part of plot number 8506) located at Rüdesheimer Straße 11-13, 80686 Munich. The lease contract was amended six times between 1998-1999. Upon inspection of the leased premises, the parties accepted the lease contract by signing the document prepared by the professional expert Christian Schiessel. The lease is for the period August 1, 1998 until July 31, 2008, although it may be extended or cancelled in accordance with the provisions in Section 3. According to FAST Multimedia AG, Pinnacle Systems, Inc., 280 North Bernardo Avenue, Mountatin View, California 94043, U.S.A. took over the property of the Former Lessee on October 1, 2001. FAST Multimedia AG wishes to be discharged from the contract, with Pinnacle Systems GmbH, Frankfurter Straße 3 c, 38122 Braunschweig taking over the lease contract for its European headquarters.
