Raporty

The Management Board of Centrum Medyczne ENEL-MED S.A. informs that, on 18 December 2012, an agreement was concluded with MD Poland I Sp. z o.o. concerning the lease of premises located in the PROMENADA Shopping Centre.

The rented area of approx. 1500 sq. meters will be used by a multi-profile medical centre, the seventh facility of this type in Warszawa, which will be opened in 2014.

The premises will be handed over to the ENEL-MED Medical Centre (“Company”) until 10 January 2014. In connection with the adaptation works carried out to adjust the Premises to the requirements applicable to medical facilities, the Lessor, MD Poland I, has to obtain the decision on the building permit, and then to carry out the finishing works, and if necessary, to obtain the decision on the use permit for the Premises. Each party has the right to terminate the agreement at the latest 30 days of the date of obtaining the information on failure to obtain the building permit if the building permit is not obtained until 31 December 2013.

The lease agreement enters into force on the date of its signing and is concluded for the definite period of 10 years from the date of transfer of the Premises. The agreement is automatically prolonged after expiry of the 10-year period for another 10-year period, unless any of the parties makes a declaration on lack of intention to prolong the agreement at least 12 months before elapse of the 10-year period.

Turn-key finishing of the facility according to the Company’s standards is included in the 10-year rent.

The rent is payable from the day of handing over of the Premises and will amount to approx. PLN 12.199.140,00 gross in the 10-year period of the agreement (the basic rent and the maintenance fees).

The guarantee of performance by the Company of its obligations ensuing from the agreement is the Bank Security or Guarantee Deposit, as well as the authorisation to block the Premises and the access roads.

Within 90 days of signing the agreement, the Company provides the Lessor with an irrevocable, unconditional and payable on first demand Bank Guarantee, each time with validity period of not less than 12 consecutive calendar months, in the amount of not less than EUR 80.257,50. Not later than 30 days before the expiry of the Bank Guarantee, the Company is required to deliver to the Lessor a new Bank Guarantee. The above obligation applies during the entire term of the agreement. If the Company fails to perform or improperly performs its obligation to deliver the Bank Guarantee or the new Bank Guarantee, the Company is required to pay to the Lessor’s account the amount in which the Bank Guarantee should be issued as the Guarantee Deposit.

The agreement is considered a significant one as it exceeds 10% of the company’s equity.