First Amendment to Lease Agreement between Monceau Investissements Immobiliers and Talend S.A. (March 2, 2020)
Monceau Investissements Immobiliers and Talend S.A. have amended their commercial lease agreement. The lease will last nine years, starting July 1, 2020, and ending June 30, 2029. Talend may terminate the lease after six years (June 30, 2026) with six months' notice. The annual rent is €1,365,840 (excluding VAT and charges), payable quarterly, with a 14-month rent-free period so the first payment is due September 1, 2021. All other terms of the original lease remain unchanged.
Exhibit 10.3
English Summary of the First Amendment to the Lease Agreement dated March 2, 2020 by and between Monceau Investissements Immobiliers and Talend S.A. (“Talend”).
The parties hereby agree to the following:
| a. | Duration and starting date |
In compliance with the French Commercial Code, the commercial lease duration is 9 years and shall start on July 1st, 2020 and terminate on June 30, 2029. Talend holds the possibility to terminate the Lease at the expiration of a 6-year period i.e. June 30, 2026, subject to 6-month prior notice.
| b. | Rent |
Annual rent is €1,365,840.00 VAT and charges excluded, payable on a quarterly basis, each January 1st, April 1st, July 1st and October 1st.
A 14-month rent exemption has been agreed between the Parties, i.e. the first rent will be paid on September 1, 2021.
All other clauses and provisions of the Original Lease and subsequent amendments remain unchanged.
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