Sublease Letter Agreement between PEDEVCO Corp. and SK Energy, LLC (November 8, 2019)

Contract Categories: Real Estate › Lease Agreements
Summary

PEDEVCO Corp. and SK Energy, LLC have agreed that SK Energy will sublease one office at PEDEVCO's Houston headquarters starting November 1, 2019. The monthly rent is $1,200, payable in advance by the 10th of each month. Either party can end the sublease at any time by giving written notice to the other. The specific office will be chosen by mutual agreement.

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EX-10.13 3 ped_ex1013.htm SUBLEASE LETTER AGREEMENT, DATED NOVEMBER 8, 2019, ENTERED INTO BY AND BETWEEN PEDEVCO CORP. AND SK ENERGY, LLC Blueprint
  Exhibit 10.13
 
 
 
 
Via Electronic Mail
 
November 8, 2019
 
 
Dear SK Energy, LLC:
 
Pursuant to our discussion, effective and commencing November 1, 2019, SK Energy, LLC agrees to sublease one (1) office from PEDEVCO Corp. at its headquarters located at 575 N. Dairy Ashford, Energy Center II, Suite 210, Houston, Texas 77079, such office to be mutually agreed upon by SK Energy, LLC and PEDEVCO Corp., for a monthly lease amount of $1,200, payable monthly in advance by the 10th of each month. This sublease may be terminated by either party at any time upon prior written notice delivered to the other party.
 
 
Thank you,
 
PEDEVCO CORP.
 
 
 
                                                                                                            /s/ Clark R. Moore                                                               
Name: Clark R. Moore
Title: EVP and General Counsel
 
 
Agreed and Acknowledged:
 
SK Energy, LLC
 
 
/s/ Simon Kukes                                                                            
Dr. Simon Kukes, CEO and Owner