EX-10.13 12 a2220351zex-10_13.htm EX-10.13

Exhibit 10.13

 

Summary English Translation of Commercial Sublease Agreement, dated March 27, 2014

 

Parties: Cdiscount S.A. (“Cdiscount”) and Casino Guichard-Perrachon, S.A. (“CGP”)

 

Date: March 27, 2014

 

Purpose: CGP as lessee leases to Cdiscount as sublessee certain office space located at 120-126 Quai de Bacalan, Bordeaux, 33000 (lot number: GK 17 to 19 Cadastral sections).

 

Summary of Major Terms:

 

·                  Premises covered by the lease include 7,298 square meters of office space, including common areas, storage space and technical facilities.

 

·                  Term of lease is nine years, from September 1, 2012 to August 31, 2021, with the option to renew for an additional nine-year period unless terminated with six-months prior notice.

 

·                  Annual rent set forth in Lease A is 1,209,549.96 euros and is payable on a quarterly basis.

 

·                  In the event of breach Cdiscount, CGP may terminate the lease with 30 days’ prior written notice to Cdiscount, unless the breach is partially or fully cured during such period.

 

·                  Certain modifications, including improvements and renovations, are permitted on the premises; however Cdiscount will be held liable for any violations of applicable regulations with respect thereto.