EX-10.12 42 a2155511zex-10_12.htm EXHIBIT 10-12

Exhibit 10.12

 

Garching Lease Agreement

(English Language Summary)

 

Name of Lease:

 

Mietvertrag für gewerbliche Räume

 

 

 

Parties to Lease:

 

Stieber GmbH
and
Schmidt Lacke GmbH

 

 

 

Date of Lease:

 

August 5, 1981

 

 

 

Termination Date of Lease:

 

December 31, 2006

 

 

 

Location/ Property Leased:

 

Dieselstrabe 14
85748 Garching
Germany

 

 

 

Size of Space:

 

34,944 Sq. Ft

 

 

 

Payments:

 

$25,839 per month

 

 

 

Right to Terminate:

 

Either party may terminate on 12 months notice prior to the end of a calendar year.

 

 

 

Option to Extend:

 

None listed.

 

 

 

Transfer or Assignment:

 

No right to transfer or assign.

 

 

 

Uses allowed:

 

Production of industrial products and operation of a warehouse.