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KLIC > SEC Filings for KLIC > Form 8-K on 5-Dec-2013All Recent SEC Filings

Show all filings for KULICKE & SOFFA INDUSTRIES INC

Form 8-K for KULICKE & SOFFA INDUSTRIES INC


5-Dec-2013

Entry into a Material Definitive Agreement


Item 1.01 Entry into a Material Definitive Agreement

On December 1, 2013, Kulicke & Soffa Pte Ltd. (the "Tenant"), a wholly-owned subsidiary of Kulicke and Soffa Industries, Inc. signed a Lease Agreement with DBS Trustee Limited as trustee of Mapletree Industrial Trust (the "Landlord") to lease from the Landlord approximately 198,000 square feet (the "Initial Premises") representing approximately 70% of the premises at 23A Serangoon North Avenue 5, #01-01 K&S Corporate Headquarters, Singapore ("the Building"). The term for the rental of the Initial Premises is 10 years (the "Initial Term"). The Tenant has the option to renew for two additional ten-year terms. The annual rent and service charge for the Initial Term range between approximately $4 million to approximately $5 million Singapore dollars. The Tenant has a right of first refusal for all space that becomes available in the Building and the Landlord has agreed to make available a certain amount of additional space for rental by the Tenant at the Tenant's option which may be exercised at certain points during the second half of the Initial Term. Subject to the Tenant renting a minimum amount of space for a certain period, the Tenant has partial surrender rights. In addition, the Tenant has termination rights after renting the Initial Premises for a certain period of time. Item 2.03 Creation of Direct Material Financial Obligation

The information included in Item 1.01 of this Current Report on Form 8-K is hereby incorporated into this Item 2.03. Item 9.01 Financial Statements and Exhibits.
(d) Exhibits Exhibit No. Description
10.1 Lease Agreement
10.2 Lease Agreement Variation Letter


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