Lease Agreement for Area #11, Centro Galleria 1, Manno, Switzerland between NAIE SA and Dr. Fausto Petrini

Summary

This agreement confirms the lease of Area #11 (177.18 sqm) at Centro Galleria 1 in Manno, Switzerland, for warehousing purposes. NAIE SA leases the space to Dr. Fausto Petrini for an annual rent of 26,600 CHF, excluding VAT, with expenses included. The lease is effective from August 1, 2004, and follows the terms of a prior lease contract dated July 25, 2003. The area is provided as-is, and all other terms are governed by the existing lease agreement.

EX-10.20 4 dex1020.htm LEASE OF FACILITIES DATED JUNE 8, 2004 IN MANNO, SWITZERLAND Lease of Facilities dated June 8, 2004 in Manno, Switzerland

Exhibit 10.20

To the attention of Dr. Fausto Petrini

Manno, June 8, 2004

RE: Lease of area number 11 – Centro Galleria 1 - Manno

Dear Mr. Petrini,

As agreed with our Mr. Graziano Marra, we hereby confirm the lease of the captioned area, and specifically


Situation:		Galleria 1 in Manno

Area:		# 11 of 177.18 sqm, at the first floor –highlighted in yellow on the attached map

Use:		Warehousing

Lease:		26,600 CHF (twenty six thousands and six hundreds Swiss fr.) per year, expenses included, VAT excluded.

Effective as of		August 1, 2004

Duration:		as to the terms of the current lease contract

Consignment:		the areas is consigned as it is

For all other contractual aspects, reference is made to the current lease contract dated July 25, 2003.

Thank you for signing the present letter for acceptance and mailed to our offices.

With best regards,


NAIE SA		SILVIO TARCHINI
Manno		Manno

For acceptance