EXHIBIT 10.21
AGREEMENT FOR RENT
Tenee : Xxxx Xxxxx Seo
Tenant : Liquidmetal Korea Ltd.
President Sung Taek Hong
This Lease Agreement for Rent ("Agreement") is made and entered into by and
between Xx. Xxxx Xxxxx Seo ("Lessor") and Liquidmetal Korea, Ltd. a company duly
organized and existing under the laws of Republic of Korea ("Lessee").
NOW, THEREFORE the parties hereby agree as follows;
ARTICLE 1 (PURPOSE)
The purpose of this Agreement is for Lessee to rent the Factory and Land from
Lessor for its operation.
Location : 1Block 2Lot, XxXxx Xxxxxxxxxx Xxxxxxx,XxxxxXxx-Xxxx, Xxxxxxx-Xx,
Xxxxxxx-Xx, Xxxxx
Space : 2,083.87 Square meter (22,430.78 Square foot, 631.47Pyung)
Lease for only 630Pyung after negotiation
ARTICLE 2 ( KEY MONEY DEPOSIT )
Lessee shall make payment Key money deposit of 120,000,000won upon the
agreement.
ARTICLE 3 (RENT)
Lessee shall make payment at the end of every month for 12,000,000won.
ARTICLE 4 (PERIOD OF RENT)
Lease term shall be commenced March 1st 2003 to the End of Feb 2005 and
also if there is any no conflict between both parties regarding lease term, then
lease shall extend 1 year automatically.
If Lessee does not want to extend to rent for Land and Building, Lessee
must
inform to Lesser before 6 month from the lease final termination date.
ARTICLE 5 (TERMINATION)
In the case where any of the parties hereto breaches this Agreement, the
non-defaulting party shall notify the defaulting party to remedy the breach
within a reasonable period. If the defaulting party does not remedy within the
period, the non-defaulting party may terminate this Agreement.
.
ARTICLE 6 (APPLICATION OF LAW AND JURISDICTION)
6.1 Any matters not specifically stipulated herein shall be determined in
accordance with the general commercial practices and relevant laws and
regulations.
6.2 The court having jurisdiction over the place where the principal office
of Lessee is located shall be the competent court for matters related
to this Agreement.
February 2003
Tenee : Xxxx Xxxxx Seo(000000-0000000)
Address : 0000-000, XxxxxXxxx, Xxxx0-Xxxx, XxxXx-Xx,XxXxxxx-Xx,
Xxxxxxx-Xx, Xxxxx
Tenant : Liquidmetal Korea Ltd.
President Sung Taek Hong
--------------
TRANSLATION CERTIFICATE
The undersigned hereby certifies that the foregoing is a fair and accurate
English translation of the original Agreement for Rent, which is in the Korean
language.
By: /s/ XX Xxx
---------------------------------------
XX Xxx, Chief Financial Officer of
Liquidmetal Korea Co., Ltd.
