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Quotes & Info
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| WWAT.OB > SEC Filings for WWAT.OB > Form 8-K on 5-Oct-2007 | All Recent SEC Filings |
5-Oct-2007
Entry into a Material Definitive Agreement, Financial State
On October 1, 2007, WorldWater & Solar Technologies Corp. ("WORLDWATER") issued a press release, announcing the entry into a contract to engineer and build a 2 Megawatt solar system at Denver International Airport. A copy of the press release is furnished as Exhibit 99.1 to this report.
Also, on October 1, 2007, WorldWater commenced occupancy under the terms of a commercial office lease for 30,000 square feet to house our headquarters in New Jersey ("LEASE"). Ludlow Properties LLC of Hackensack, New Jersey, is the landlord under the terms of the Lease which has an initial term of eight years, with two five year options to renew. The first year's annual rent under the Lease is $210,000 plus common area maintenance charges of approximately $57,900. For the initial eight year term, each subsequent year's rent is increased by $0.25 per square foot. Rent shall increase by $0.75 per square foot for each year of the two five year options. A copy of the Lease is furnished as Exhibit 10.1 to this report.
Exhibits
10.1 Commercial Lease with Ludlow Properties LLC.
99.1 Press Release dated October 1, 2007
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