NOTE 8. Leases

Operating Leases:

The General Services Administration (GSA) negotiates long-term office space leases and levies rent charges, paid by the USPTO, approximate to commercial rental rates. These operating lease agreements for the USPTO’s office buildings expire at various dates between FY 2007 and FY 2024. During the years ended September 30, 2006 and 2005, the USPTO paid $82,651 thousand and $95,613 thousand, respectively, to the GSA for rent.

Under existing commitments, the future minimum lease payments as September 30, 2006 are as follows:

USPTO Future Minimum Lease Payments as of September 30, 2006 (Dollars in Thousands) Fiscal Year Minimum Payment 2007 $   62,070 2008     58,724 2009     58,452 2010     58,237 2011     57,428 Thereafter    723,117 Total Future Minimum Lease Payments $1,018,028

The commitments shown above relate primarily to the operating lease for the USPTO headquarters in Alexandria, Virginia, beginning in FY 2004 and extending to FY 2024. The operating lease commitments for the USPTO offices in Crystal City, Virginia, will expire in FY 2007.

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