EX-10.13 43 a2155511zex-10_13.htm EXHIBIT 10-13

Exhibit 10.13

 

Heidelberg Lease Agreement

(English Language Summary)

 

Name of Lease:

 

Immobilien Mietvertrag (Object 1, Object 2)

 

 

 

Parties to Lease:

 

Stieber GmbH
and
Carola Grundstücksverwaltungsgesellschft GmbH

 

 

 

Date of Lease:

 

December 21, 1984

 

 

 

Termination Date of Lease:

 

December 31, 2013

 

 

 

Location/ Property Leased:

 

Hatschekstrabe 36
69126 Heidelberg
Germany

 

 

 

Size of Space:

 

49,249 Sq. Ft.

 

 

 

Payments:

 

$14,635 per month

 

 

 

Right to Terminate:

 

None, other than breach of agreement.

 

 

 

Option to Extend:

 

May be extended upon the agreement of the parties.

 

 

 

Transfer or Assignment:

 

No right to transfer or assign.

 

 

 

Uses allowed:

 

Production of industrial products and operation of a warehouse.

 

 

 

Additional Terms:

 

Mr Bohnenstiel and/or Mr. Bandel (former owners of Stieber GmbH) have an option to buy Carola Grundstücksverwaltungs Gmbh which may only be exercised in the calendar year 2005.