Lease Extension Agreement between Energy Vault SA and Castim SA (Mappale 55 RFD Castione)
Energy Vault SA and Castim SA have agreed to extend the partial lease of property mappale 55 RFD Castione from November 1, 2021, to October 30, 2022. Energy Vault SA will pay an annual rent of CHF 252,400 plus VAT in quarterly advance payments and cover all management expenses. The company must also provide an updated guarantee and liability insurance by specified dates. All other terms of the original lease remain unchanged. This signed document serves as a binding extension of the existing lease agreement.
Exhibit 10.37
| Dear |
| ENERGY VAULT SA |
| Via Pessina 13 |
| 6900 Lugano |
| |
| |
| Bioggio, 1 giugno 2021 RQ/tc |
LEASE EXTENSION
Dear Sirs,
As discussed and agreed with Mr. Gionatan Cattaneo, we confirm our agreement for the extension of the partial lease of mappale 55 RFD Castione from 1 November 2021 to 30 October 2022 at the following conditions:
Space and buildings at your disposal as per the attached plan.
Rent of Chf./year 252'400.00 + VAT payable in quarterly instalments in advance.
All management expenses are at your charge.
All other clauses of the current lease agreement will remain valid.
Energy Vault SA will have to extend or issue a new guarantee expiring on 30 October 2022 as attached and to be delivered to Castim SA by 30 September 2021.
For the above, a copy of the liability insurance in respect of your activities on the subject land parcel is required.
This confirmation, signed by both parties, is valid as a binding document and as an extension of the lease agreement.
FOR APPROVAL |
| |
| | |
ENERGY VAULT SA | | CASTIM SA |
| | Riccardo Quadroni |
| | |
/s/ Robert Piconi | | /s/ Riccardo Quadroni |
Annexes: cited
CASTIM SA
Via Industria 31 - 6934 Bioggio (CH)
Tel++41 91 604 64 10
Fax++41 91 604 64 15 E-mail ***@***
