Common use of France Clause in Contracts

France. A subsidiary of IVS France S.a.S. (“+39 SCI ”) is party to a finance lease agreement in the amount of approximately €8.3 million dated as of 13 July 2010 by and between IVS France S.a.S., +39 SCI , Sogébail and Xxxxxxx, two French mortgage credit institutions, concerning the construction and eventual rent of a new site in Argenteuil (Val-d’Oise) outside Paris. As part of the finance lease agreement, Sogébail and Finamur pre-funded construction expenses for the new site. +39 SCI commenced paying rent on the new premises on 1 November 2011. The duration of the finance lease agreement is until 31 October 2026. At maturity of the lease, +39 SCI will have the option to acquire the site from Sogébail and Finamur for the amount of €1.2 million. The interest rate on the amounts disbursed by Xxxxxxxx and Xxxxxxx is set at three month EURIBOR plus a margin.

France. A subsidiary of IVS France S.a.S. (“+39 SCI ”) is party to a finance lease agreement in the amount of approximately €Euro 8.3 million dated as of 13 July 2010 by and between IVS France S.a.S., +39 SCI , Sogébail and Xxxxxxx, two French mortgage credit institutions, concerning the construction and eventual rent of a new site in Argenteuil (Val-d’Oise) outside Paris. As part of the finance lease agreement, Sogébail and Finamur pre-funded construction expenses for the new site. +39 SCI commenced paying rent on the new premises on 1 November 2011. The duration of the finance lease agreement is until 31 October 2026. At maturity of the lease, +39 SCI will have the option to acquire the site from Sogébail and Finamur for the amount of €Euro 1.2 million. The interest rate on the amounts disbursed by Xxxxxxxx and Xxxxxxx is set at three month EURIBOR plus a margin.