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Quotes & Info
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| OPTV > SEC Filings for OPTV > Form 8-K on 22-Jun-2009 | All Recent SEC Filings |
22-Jun-2009
Entry into a Material Definitive Agreement
On June 18, 2009, OpenTV, Inc., a subsidiary of OpenTV Corp. (the "Company"), entered into an Office Lease with VNO Patson Sacramento LP, which operates to renew the Company's lease of approximately 42,565 rentable square feet for its office facilities located at 275 Sacramento Street, San Francisco, California (the "Lease"). The Lease has a five-year term that expires on January 31, 2015, and the total expected rent obligation over the term of the Lease is approximately $9.3 million. These office facilities will continue to serve as the Company's worldwide headquarters and will be used for general administrative purposes and activities such as research and development and sales and marketing.
The foregoing description of the Lease is qualified in its entirety by reference to the full text of the Lease, which will be filed as an exhibit to the Company's Form 10-Q for the quarter ending June 30, 2009.
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