Exhibit 6.12
Commercial Lease Agreement
between Xxxxx Xxxxxxxxxx GmbH [Handwritten: changed as per June'98
(see att.1)]
Xxxxxxxx-Xxxxxx-Str. 9d
85625 Glonn
- in the following referred to as lessor-
and
IQ Battery RESEARCH & DEVELOPMENT GmbH.
Xxxxxxxx-Xxxxx-Xxxx(xxxx)x 0
00000 Xxxxx xxx Xxxxxxxx
- in the following referred to as lessee-
the following, two-part lease agreement is concluded:
Part 1
Sec. 1
Leased property
(1) The following commercial space located in the property Erlenhof Park
Unterhaching, Inselkammerstra(beta)e 4, 82008 Unterhaching, construction
part H II, attic is leased:
a) attic H II, size approximately 228.16 m(2)
b) 3 Underground parking spaces a DM 100.00
Rooms of an approximate total size of 228.16 m(2) are heatable.
(3) The lessee is entitled and obliged to utilize the leased property for the
following purposes: office for regular business operations.
(4) Any major change in utilization is admissible only upon prior receipt of
the lessor's written approval.
Sec. 2
Lease period
(1) The lease commences on 01.03.1996 and is effective until 28.02.2001.
(2) The lessee has the right to prolong the lease period once for another four
years at the agreed conditions. This (these) prolongation(s) are effective
if the lessee is submitting a written statement at least 12 months prior to
the expiry of the respective lease period.
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(3) Upon expiry of the lease period pursuant to paragraph (2) , the lease
period is prolonged implicitly for another two years, unless it is
terminated by one of the contract partners 12 months prior to its expiry.
(4) For the termination of the leases Secs. 20 and 21 are applicable.
(5) The lessee can only be released from this contract, if the lessor or a
broker to be briefed by the lessee finds a suitable substitute lessee who
guarantees to comply with all parts of the lease agreement. In case of a
substitute lessee, the lessor has the right to inquire his market
opportunities. The lessor is not obliged to accept the substitute lessee.
If the lessor is required to draw up a new lease agreement or take other
actions because of the substitute lessee suggested by the original lessee,
all incurring costs are to be carried by the lessee.
(6) The exact delivery date is announced in writing at least 14 days prior to
the commencement of the lease period.
(7) The lease payment is due with completion date and delivery, earliest on
01.03.1996.
[handwritten: prolongation and termination clauses]
Sec.3
Lease payment and ancillary costs
(1) The monthly lease for the leased space amounts to for Sec. 1, sect.(1) a):
DM 4,563.20 (In words: Four Thousand Five Hundred and Sixty Three = DM
20.00/m(2)) for Sec. 1, sect.1(1)b) DM: 300.00 (in words: Three Hundred =
DM 100.00/parking space) Total: DM 4,863.20 (in words: Four Thousand Eight
Hundred and Sixty Three)
(2) The operating costs for the property are not included in the lease payment
(description and handling of operating costs, see Secs. 7 to 9) and have to
be paid separately per month as follows: heating and warm water supply and
operating costs prepayment DM 3.00/m(2) DM 664.48
(3) lease payment - Sec. 3(1) DM 4,863.20 operating costs - Sec. 3(2) DM 664.48
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extra charges pursuant Sec. 5, sect.3 DM 725.00 Total DM 6,272.68 Added
value tax, presently 15% DM 940.90 ----------- Monthly payment, total DM
7,213.58
(4) At the closing date, the lessee is required to deposit a security in the
amount of DM 20,000.00 (in words: DM Twenty Thousand) for the obligations
arising from the lease agreement, and if a cash deposit has been arranged,
to transfer the amount to the account identified in Sec. 4, section (1)
(see Sec. 11). The deposit does not bear interest. It may be guaranteed
jointly and severally by an accredited credit institute of the Federal
Republic of Germany or through the assignment or attachment of bank
balances at the above credit institutes.
If the deposit is utilized during the lease period, the lessee is obliged,
including in case of repetition, to immediately rebuild the deposit to the
agreed amount.
The guarantee has to be unlimited. Depositing of the secured amount is to
be excluded.
Sec.4
Special agreements
(1) Transfers from the lessee to the lessor with discharging effect can only be
made to the following account:
a) account holder: Xxxxx Xxxxxxxxxx GmbH.[Handwritten: changed as per
June'98 (see att.1)]
b) bank: Kreissparkasse Unterhaching
c) account no. and International Banking Route: 0000000 (IBR 702 501 50)
(2) Transfers from the lessor to the lessee can be made with discharging effect
to the following account:
a) account holder: IQ Battery
b) bank: Commerzbank AG, branch Ottobrunn
c) account no. and International Banking Route: 56 13 001 IBR (700 400
41)
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(3) The lessee confirms to have received the integral part 2 of this lease
agreement, including Secs. 6 to 25 and to have read it prior to signing.
(4) The lessor will collect the due payment including ancillary costs and
surcharges as well as other payments from this contract by direct debiting.
If no other banking account for the direct debiting is or has been
identified, payments are to be collected from the account indicated in
section (2).
(5) All assets brought in by the lessee are subject to the lessor's lien (comp.
Sec. 12) pursuant to Sec. 559 ff, BGB.
Sec. 5
Additional agreements
(1) In the remainder the special agreements resulting from part II are valid
for the lease. Hereby the lessee explicitly confirms that all points of the
special agreement were discussed and negotiated.
(2) The calculation of the leased area is based on standard layout plans
1:000.Xx case of changes prior to the completion, the completed areas
become an integral part of the lease agreement. In this case, the lease
agreement is to be changed.
(3) The lessor takes over the costs incurred through special construction of
the leased space. These costs are apportioned to the leased space and
spread over the term of the lease. The apportionment of costs is calculated
as follows:
- basic figures: costs pursuant to special preference offer dated
19.01.1996: DM 36,223.00, term (illegible) months, interest
(illegible) per year.
Costs: 36,223.00
Interest: 7,244.00 Total: 43,467.00 apportionment to monthly payment:
43,467.00/(illegible)=(illegible) If lease option pursuant to Sec. 2,
section 2 is chosen, the extra charge is not applicable.
(4) If the lessees' special preferences result in smaller or larger spaces due
to changed separation walls, the area determined in the contract shall
serve as basis for the calculation of lease payments and ancillary costs.
In the remainder, the resulting space divergences do not entitle the
contract partners to any mutual claims whatsoever.
(5) For the fixtures of the leased space, the given specifications and layouts
shall be valid.
(6) The lessee needs the lessor's permission if he prefers any other fixtures
than those given in the specifications, respectively the layout. The room
organization determined according to the lessee's preferences is part of
this agreement. If the lessee's special preferences cause a delay in
completion, this has no influence on the date of delivery and the
contractual commencement of lease payments.
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(7) The lessee agrees to offer and distribute or to have offered and
distributed through a third person, exclusively beer and soft drinks
manufactured and/or distributed by brewery Aying, Xxxxx Xxxxxxxxxxx OHG,
85653 Aying, and to purchase or purchase through a third person, above
products during the lease term permanently from the brewery Aying, Xxxxx
Xxxxxxxxxxx OHG, 85653 Aying, or from a third person determined by it. The
deliveries are to be based on the respectively current conditions and
prices of brewery Aying, Xxxxx Xxxxxxxxxxx OHG, 85653 Aying on the day of
delivery.
Glonn, 9.5.96
---------------------------- -------------------------------
(Place and date) (Place and date)
---------------------------- -------------------------------
(Signature) (Lessee)
Xxxxx Xxxxxxxxxx GmbH. (Signature and stamp illegible)
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(Illegible)
IQ Battery RESEARCH & DEVELOPMENT GmbH.
Inselkammerstra(beta)e 4
82008 Unterhaching
18.06.98
Lease regarding property Inselkammerstra(beta)e, Unterhaching
Dear Madam, dear Sir:
According to lease contract of 09.05.1996, you have leased the space located in
property Inselkammerstra(beta)e 4, Unterhaching from J. Landthaler GmbH.
Inselkammer Grundstucksbebauungs-und VerwaltungsOHG (=Property construction and
management OHG) 85653 Aying, is the owner of this property and has leased this
entire property with lease contract dated 06.03.91 to the J. Landthaler GmbH.,
Glonn, now: "An der Waldstra(beta)e-Vermietungs GmbH",
Xxxxxxxx-Xxxxxx-Stra(beta)e 9d, 85625 Glonn for the purpose of commercial
sub-lease. Pursuant to Sec. 4, section 7 of this lease contract, J. Landthaler
GmbH (by now, as mentioned above, "An der Waldstra(beta)e-Vermietungs GmbH") has
assigned its claims arising from the above mentioned lease contract towards its
own lessees, e.g. also towards your home, to the Inselkammer OHG. I am enclosing
a copy of an excerpt of the lease contract dated 06.03.1991. We hereby are
disclosing this assignment, because considerable arrears in lease-payments have
accrued and are asking you to forthwith refrain from any more payments
(especially lease, ancillary costs/operating costs, deposit), which your lessor
can demand from you pursuant to above mentioned lease contract, to the An der
Waldstra(beta)e-Vermietungs GmbH", Glonn, but instead to make your payments
exclusively to
Fa. Inselkammer Grundstucksbebauungs-und VerwaltungsOHG ,
account no. 0000000, Kreissparkasse Munchen, IBR 70250150.
We are informing you that with receipt of this letter, payments with discharging
effect to the "An der Waldstra(beta)e-Vermietungs GmbH" (previously J.
Landthaler GmbH.) can no longer be processed by us.
Should you have any questions in this matter, do not hesitate to contact Xx.
Xxxxx, Tel.08095/8827.
We appreciate your understanding.
With kind regards,
INSELKAMMER OHG
(signature illegible)
Enclosure.
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