Lease Agreement between Sonic Foundry International, as tenant, and Prinsen Geerlings, as landlord, dated January 21, 2022
Exhibit 10.20
Extension
Belonging to the lease agreement Merelstraat 2 bis in Utrecht. Taking into account that:
Landlord M. Prinsen Geerligs and Media Mission B.V. Represented by R.J Brouwer,
Having concluded a lease agreement concerning the office space on the ground floor of Merelstraat 2 bis in Utrecht, which was signed on 10 January 2014
The Parties agree as follows:
| ● | Sonic Foundry International B.V. enters into the rights and obligations of Media Mission BV. |
| ● | The lease as of 1 February 2022 will be extended by one year until 31 January 2023. |
| ● | Subsequently, the lease will be extended by 1 year each as of 1 February 2023. |
| ● | The notice period is 6 months for tenant and landlord. |
| ● | The rental price on February 1, 2022 is €53,889.79 per year. This is €4,490.82 per month. Excl. VAT |
| ● | The next indexation will take place on February 1, 2023. |
| ● | All other matters not mentioned above remain as stated in the current rental agreement. |
| ● | Details of tenant Sonic Foundry International B.V. represented by the Mr K.A. Minor |
| ● | The lessor is responsible for installing and supplying a ventilation system. This must be in consultation with the tenant carried out no later than February 2022. |
For approval, For approval,
24.01.22 Utrecht January 21, 2022, Madison, WI USA
Marieke Prinsen Geerligs Ken A. Minor
