Raporty

Commercial space is leased for the purposes of the multi-profile outpatient clinic, and the Company’s own facility has been operating at that location since 2006. The annex concluded has amended financial provisions of the agreement, which would expire on 29 February 2016, to the benefit of the Company. The annex results in reduction of the monthly rent rate for the period from 1 August 2013 to 31 December 2013 and extends the lease period by 5 years, until 28 February 2012 on terms that, in the opinion of the Company’s Management Board, are more favourable to the Company.

Additionally, the landlord has undertaken to carry out works aimed at refurbishing the space leased and adjusting it to current needs. The budget for space refurbishment works is equivalent to EUR 100,000.00, based on the average exchange rate announced by the National Bank of Poland as at the date of incurring refurbishment expenses.

The annex to the agreement was concluded for the period from 1 August 2013 to 28 February 2021. The value of rent for the term of the annex might arrive at about EUR 2,804,518.08 gross (rent rate will be subject to indexation), paid in Polish zloty based on the EUR selling exchange rate of the bank Millennium S.A. of the date of issuing the invoice ,while payments due to service charges might reach about PLN 3,680,929.98 gross.

The annex has been recognised as a significant one, since its value exceeds 10% of the equity of the Company.