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LICENCE FOR USE OF ASMEC FACILITIES ASMEC ADVANCE: OFFICE
Terms of Agreement Special Conditions: 1. The current Licence Agreement dated 27 March 2006 is superseded by this now Agreement. 2. The Licence Fee will increase to £7,875 plus VAT on 1st October 2006 3. The deposit will increase to £23,825 on 1st October 2006 4. Should the Licence Agreement continue or be renewed after the initial period of Licence stated above, Asmec confirm that no increase in Licence Fee will be applied until 1st October 2007. Asmec agree that any increase will be by no more than 5% subject to these Licence terms and conditions being adhered to throughout the term. 1. Facilities The licensee will have use of the office furniture in and 24 hour access to Office Suite No(s) 116, 117 & 118 on the Ground floor in the Asmac Centre at the above address (“the Centre”) together with the telephone answering service between the hours of 8 30 a m and 6 00 p m Monday to Friday inclusive but excluding Bank and Public holidays and other services set out in clause 2 hereof 2. Services Asmec will provide the following services and facilities to the Licensee, to be included in the Licence Fee:-
3. Fee The Licensee shall pay to Asmec in advance by monthly bank transfers the Licence Fee plus applicable Value Added Tax before commencement of the period for which the payment is due. After the initial period of licence, Asmec may by one months notice in writing to the Licensee vary the licence fee payable under the terms of this licence provided that if Asmec shall serve notice varying the rate the Licensee shall have the right within 7 days of receipt to give notice to Asmec to determine this licence on the date of expiration of Asmec’s notice 4. Deposit The Licensee shall upon the signing of this licence pay Asmec a deposit in the amount set forth above which sum will be repaid to the Licensee within one month of the determination of this licence providing payment has been received of all amounts less such amount as may be owing to Asmec by the Licensee at the date of determination under any of the clauses hereof or may be required to remedy any breaches by the Licensee of any obligations contained herein Including the cost of redecoration of the office suite to the extent considered reasonably necessary by Asmec allowing for normal wear and tear but without prejudice to the right of Asmec to recover any greater amount which may be required for such purposes Asmec shall not pay interest on deposits 5. Additional Services Asmec may make available additional services as it shall in its absolute discretion decide Asmec shall be entitled to terminate the provision of such services at any time and for any reason if Licensee decides to use any such additional services the Licensee shall pay a charge to Asmec for the use thereof as per the rates published from time to time 6. Payment The Licensee shall be invoiced each month in respect of additional services for which payments are due under the provisions of clause 5, such payments to be made within 15 days of presentation of the invoice. Without prejudice to any other right or remedy or power herein contained or otherwise available to Asmec if any payment whatsoever due under the provisions hereof shall remain
Page 1 unpaid for a period exceeding the aforesaid 15 days to pay on demand to Asmec interest thereon at a rate of 8% per year above the base rate for lending for the time being of Barclays Bank plc [or such other UK Bank as Asmec may reasonably designate] from the date when the same became due and until payment thereof [as well as after and before any judgement] 7. Licensee’s Obligations The Licensee agrees to observe and perform the obligations and conditions contained in the First Schedule hereto and any reasonable additional or substituted obligations made by Asmec In the interests of the proper and efficient running of the Centre and issued to the Licensee such additional or substituted obligations and conditions to be observed and performed within 7 days of written notice being issued 8. Substitution Asmec reserves the right at its discretion in connection with the management of the Centre to require the Licensee during the existence of this licence to move to a different office in the Centre offering comparable space and facilities following thirty (30) days written notice, but such moves will be limited to one during the period of the licence. Under these circumstances, Asmec will assist with the move on a free of charge basis 9. Termination This licence shall continue for the period of licence defined by the dates aforementioned [subject to enforced determination as hereinafter provided] but the Licensee shall be required to give not less than three full calendar months written notice to determine this licence on the due termination date. 10. Enforced Determination Asmec shall be entitled to determine this licence in the event of any payment due from the Licensee being in arrears for 14 days after being formally demanded or of any material breach of the agreements and conditions on the part of the Licensee herein contained remaining unremedied for 14 days after written notice requiring such breach to be remedied has been given by Asmec to the Licensee or of the Licensee becoming insolvent or being a company entering into liquidation whether voluntary or compulsory or of the Licensee entering into any composition or arrangement for the benefit of his or its creditors or suffering any distress or execution to be levied on the Licensee’s goods Licensee shall be entitled to determine this licence in the event of any material breach of the agreements and conditions on the part of Asmec herein contained remaining unremedied for 14 days after written notice requiring such breach to be remedied has been given by the Licensee to Asmec or of Asmec becoming insolvent or being a company entering into liquidation whether voluntary or compulsory. 11. Notice Any notice by Asmec under this licence shall be deemed sufficiently served if left in the office suite assigned to the Licensee and an exact copy emailed to Danger Inc’s corporate facilities department at pbergeron@danger.com. 12. Licence This licence is personal to the Licensee and is not capable of assignment nor shall the Licensee share the use of the office suite or allow the same to be used by any person other than the Licensee or by employees of the Licensee Where two or more persons constitute the Licensee all rights and obligations shall be joint and several and any acts or omissions on the part of employees of the Licensee shall be deemed to be acts or omissions of the Licensee 13. Liability Asmec shall not be liable in respect of loss or damage however caused in respect of any property of the Licensee kept in the Office Suite or in any part of the Centre or the building nor in respect of any failure to provide any of the services or facilities referred to herein whether under clause 2 or clause 5 unless such loss or damage arises from the intentional misconduct or gross negligence of Asmec or its employees 14. Insurance Asmec shall insure the building fixtures, fittings and furniture and Asmec’s public and employers liability and shall provide details of such insurance to the licensee on request It is the responsibility of the Licensee to Insure all personal effects and belongings and its own public and employer’s liability
Page 2 THE FIRST SCHEDULE above referred to Agreements on the part of the Licensee
and to ensure that his/its employees agents and visitors observe and conform to the same
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