Argentum

LEASE ABSTRACT

FAIRWAY HOUSE

Tenant

Nestlé Danmark A/S

Fairway Centre ApS (Regus)

Q8 Danmark A/S

Guarantor (if any)

N/A

N/A

N/A

Lease premises

Total GLA of 6,451 sqm. The lease premises comprise 6,008 sqm of office space located on the 2nd, 3rd and 4th floors as well as 340 sqm of storage at basement level (rooms 2, 5, 9 and 10).

Total GLA is 2,577 sqm. The lease premises comprise 2,377 sqm of office space located on the 5th floor and 200 sqm of storage at basement level (rooms 3 and 4).

Total GLA is 2,047 sqm. The lease premises comprise 1.814 sqm office located on the 6th floor, 173 sqm office on the 1st floor and 60 sqm of storage at basement level (room 7A).

Parking

No parking spaces are included in the lease

No parking spaces are included in the lease

No parking spaces are included in the lease

Lease commencement

The lease had gradual commencement from 1 June 2014 (office) to 1 September 2017 (storage).

The lease had gradual commencement from 23 August 2012 (office) to 1 Janaury 2013 (basement room 3).

The lease concerning the 6th floor and basement commenced on 1 May 2014 while the 1st floor lease commenced on 1 may 2016. "The lease for the 6th floor and the basement is non-terminable until 1 May 2019, after which date the tenant has a 6-month termination notice period. The landlord may terminate the lease to expire not later than 10 years after lease commencement plus a 6-month notice period. The 1st floor lease is terminable by the tenant after 1 November 2016 and by the landlord after 1 November 201; both subject to 6 months' notice. The basement rooms may be terminated subject to 3 months' notice by both parties." "The tenant pays an annual base rent of DKK 1,300 per sqm for the 6th floor, DKK 1,175 per sqm for the 1st floor and 500 per sqm for the basement. Please refer to p. 18 for the indexed rental rates as per 1 January 2018." The rent is adjusted annually on 1 January, in accordance with the increase in the NPI from October to October, subject to indexation of minimum 3% and maximum 5%.

Lease term and termination

"The lease is non-terminable until 31 May 2021, after which date the tenant has a 12-month termination notice period. The landlord may terminate the lease to expire not later than 16 years after lease commencment plus a 12-month notice period. Basement rooms 5 and 10 may be terminated subject to 3 months' notice by the tenant."

"The lease is non-terminable until 1 August 2021, after which date the tenant has a 6-month termination notice period. The landlord may terminate the lease to expire not later than 20 years after lease commencment plus a 6-month notice period. The basement rooms may be terminated subject to 3 months' notice by both parties."

LEASE ABSTRACT

Rent

"The tenant pays an annual base rent of DKK 1,050 per sqm for the 2nd to 4th floors and 500 per sqm for the basement. Please refer to p. 18 for the indexed rental rates as per 1 January 2018."

"The tenant pays an annual base rent of DKK 1,250 per sqm for the 5th floor and 500 per sqm for the basement. Please refer to p. 18 for the indexed rental rates as per 1 January 2018."

Rent adjustment

The rent is adjusted annually on 1 January with a fixed rate of 2%.

The rent is adjusted annually on 1 January in accordance with the increase in the NPI from October to October.

Payment terms

Rent payments are due monthly in advance.

Rent payments are due quarterly in advance.

Rent payments are due quarterly in advance.

Security deposit

Cash deposit equivalent to three months for basement rooms 5 and 10. No deposit is required for the office area.

Cash deposit equivalent to six months' rent plus VAT at all times for the office space and 3 months' rent for the basement rooms. The deposit is not interest-bearing. Both the tenant and the landlord can request that the rent is adjusted to market rent in accordance with section 13 of the Danish Commercial Lease Act.

Cash deposit equivalent to six months' rent plus VAT at all times. The deposit is not interest-bearing.

Market rent review Both the tenant and the landlord can request that the rent is adjusted to market rent in accordance with section 13 of the Danish Commercial Lease Act. Neither party can request an adjustment in the non-terminability period.

Both the tenant and the landlord can request that the rent is adjusted to market rent in accordance with section 13 of the Danish Commercial Lease Act. The rent cannot be adjusted to below the rent level at lease commencement or below subsequent rent hikes.

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