EXHIBIT 10.4
LICENCE AGREEMENT FOR THE SUPPLY OF OFFICE FACILITIES
PARTICULARS
DATE
"THE LICENSOR" citibase plc
whose registered office is at:
Xxxxx Xxxxx Xxxxx
00 Xxx Xxxxx
Xxxxxxxxx
Xxxxxx XX0 0XX
whose company registration number is:
2767719
"THE LICENSEE" Arjuna Solutions Ltd.
whose registered address is:
Scottish Provident House
00 Xxxxxx Xxxxxx
Xxxxxxxxx xxxx Xxxx
XX0 0XX
whose company registration number is:
3657462
"THE SURIETY" Xx. Xxxxx Xxxxxxx
whose address is:
00 Xxxxxxxx Xxxx
Xxxxxxxx
Xxxxxxxxx xxxx Xxxx
XX0 0XX
"THE BUILDING" The Licensor's complex at:
Xxxxxxxxx Xxxxx
00 Xxxxxx Xxxxxx
Xxxxxxxxx XX0 0XX
"THE SUITE" Allocated Suite Number M.5
at The Building or such other suite within The
Building as is from time allocated to the Licensee
"THE COMMENCEMENT DATE" 15th day of September 200
"THE PERIOD" 6 months from The Commencement Date
"THE FEE" 3000.00 (excluding VAT) per calendar month for
The Period commencing on the 15th day of
September 2000 to the 14th day of December 2000
and then 3230.00 (excluding VAT) per calendar
month for The Period commencing on the 15th day
of December 2000 to the 14th day of March 2001
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"THE STANDARD TERMS" The terms and conditions set out in the attached
document headed "Standard Terms and Conditions"
which are inserted into this document
"THE DEPOSIT" 6460.00 pounds
"PERMITTED BUSINESS" The Licensee's business is Selling of Software
Products
1. The Licensor and the Licensee agree that the Licensor shall make available to
the Licensee the Suite for the Period on payment of the Fee on the terms of the
Standard Terms.
2. Words defined in this Agreement shall bear the same meaning in the Standard
Terms.
3. The Surety agrees with the Licensor at the request of the Licensee in the
terms of clause 6 of the Standard Terms.
As WITNESS the hand of the parties hereto:
SIGNED BY SIGNED BY /s/ Xxxxx Xxxxxx
--------------------------------
duly authorized on duly authorized on
behalf of the LICENSOR behalf of LICENSEE
Print Name Print Name Xxxxx Xxxxxx
in the presence of: in the presence of: /s/ X. Xxxxx
--------------------------------
(the Witness) (the Witness) X. Xxxxx
Address Address
SIGNED BY /s/ X. Xxxxxxx
--------------------------------
the Surety
Print Name Xxxxx Xxxxxxx
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STANDARD TERMS AND CONDITIONS
THIS AGREEMENT is BETWEEN The Licensor and the Licensee
1.1 The Licensee has licence for The Period space (unless determined
earlier pursuant to the provisions of this Agreement) to use The
Suite and to use the Licensors furniture and fittings therein.
1.2 The Licensor also agrees to make available to the Licensee the office
facilities from time to time available to the occupiers of the
Building which facilities and the current rates of charge therefore
are from time to time set out in the latest issue of the Facilities
Sheet or otherwise notified by the Licensor to the Licensee ("The
Facilities")
1.3 The Licensor will also make available adequate lavatories and
washrooms for use by the occupiers of the Building.
1.4 The Suite shall be available at all times and the Facilities shall be
available during usual office hours between 8:30am and 6:00pm Mondays
to Fridays (other than Public and Bank Holidays).
2.1 During the continuance of this Licence the Licensee shall pay to the
Licensor the fee for each calendar month (together with such value
added tax as may be payable thereon) by Standing Order to the
Licensors bank account each month for the use of the Suite and for
the services set out in Clause 4 (which are included in The Fee) and
which shall be payable monthly in advance the first of such payments
or a proper proportion of the same in respect of the calendar month
or part thereof commencing on the date hereof to be made on the
signing hereof and subsequent payments to be received by the 1st day
of each month of this Licensee until all Licence Fees due during the
currency of this Licence shall have been paid (and in the event of
any overpayment the same shall be returnable to the Licensee and
shall not be deemed to be referable to any other or additional
Licence Period).
2.2 On signing this Agreement the Licensee will pay to the Licensor The
Deposit.
2.3 After Expiry or termination of this Licensee there shall be refunded
to the Licensee any unexpired licence fees paid in advance and the
deposit less in each case any sums due to the Licensor from the
Licensee under the provision of this Agreement or otherwise.
3.0 The Licensee hereby agrees:
3.1 Not to use the Suite other than the Licensee's Permitted Business and
to conduct such business from the Suite in a way which does not
interfere with the Licensor or with other occupiers of the Building.
3.2 To Pay (in addition to the fee) to the Licensor the cost of the
Facilities used by the Licensee which shall invoiced at the end of
every month and shall be paid by the Licensee within seven days save
that the Licensor may invoice telephone services at such more
frequent intervals as the Licensor shall decide and the same shall be
paid by the Licensee within two working days (failing which services
may be withdrawn until payment is made).
3.3 Not to permit the Suite to be occupied by more than one person for
every fifty square feet of the Suite.
3.4 Not to impede or interfere with the Licensors right of possession and
control over the accommodation.
3.5 To give all reasonable assistance and facilities to the Licensor for
the purpose of the inspection cleaning and repairing of the Suite and
for other reasonable purposes.
3.6 Not to install any furniture or equipment nor alter the Suite or its
internal layout without the prior written approval of the Licensor.
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3.7 Not to interfere with the conduct of the Licensor's business.
3.8 Not to damage or remove any of the decorations, fixtures and fittings
or other equipment within the Suite or the Building or permit the
same to occur and to pay to the Licensor the cost of any repairs or
replacement that shall become necessary as a result of any breach of
this provision.
3.9 Not to affix or display anything in the windows or doorways of the
Suite without the consent in writing of the Licensor.
3.10 Not to withhold nor demand nor receive refund or credit of any
payment due hereunder as a result of the Licensor failing to provide
any of the services specified in this agreement or any of the
Facilities or as a result of any mechanical breakdown strike delay or
failure of any staff manager or caretaker to perform their duties.
3.11 To observe and perform all the rules and regulations from time to
time made by the Licensor for the management of the Suite or of The
Building generally.
3.12 To vacate the Suite on the expiry or termination of this Agreement
the Licensor not being responsible for any item of furniture personal
effects or other belongings left in the Suite by having the right to
dispose of such property.
3.13 To occupy the Suite personally and not to purport to assign or novate
or dispose of the benefit of this Agreement or otherwise share or
allow others to occupy the Suite.
3.14 Not during or for a period of six months after expiry or terminations
of this Licence to employ any person who has been in the employment
of the Licensor at The Building provided that if notwithstanding this
agreement such employment is agreed or made and accepted the Licensee
shall pay a liquidated damages to the Licensor a fee equivalent to
forty percent of the annual salary that such employee was receiving
from the Licensor (together with value added tax).
3.15 To pay to the Licensor interest at three per cent per annum above the
Royal Bank of Scotland Base Rate for the time on the sums not paid to
the Licensor on the due date until the date such sums are paid.
4.0 The Licensor will at no additional charge (the cost of these items
being included in the Fee):
4.1 Provide (during the like hours that the Facilities are available as
stated in Clause 1) receptionist and telephone answering (if
available) and message taking services.
4.2 Provide electrical power and heating and lighting facilities for The
Building.
4.3 Provide cleaning of the Suite and common parts and lavatories and
washrooms and kitchens.
4.4 Provide hot and cold water soap and towels in the lavatories
washrooms of The Building.
4.5 Pay general and water rates for the Suite.
4.6 Provide a suitable sign in the entrance hall of The Building
exhibiting the name of the occupies of The Building including that of
the Licensee.
4.7 Effect insurance sufficient to meet the requirements of the
Employer's Liability (Compulsory Insurance) Xxx 0000 in respect of
the Licensor's employees and also covering property belonging to or
provided by the Licensor.
5.0 The parties hereby mutually agree:
5.1 The Licensor shall not be liable to the Licensee or its employees
invitees or any other persons for any accident, loss, damage,
nuisance or inconvenience caused:
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5.1.1 By the failure, stoppage, leaking, bursting or defect or any soil,
gas, water, electricity, hot or cold water, sanitary or other
apparatus or supply or
5.1.2 By reason of the breakdown of defect of the Facilities or of any
plant and machinery mechanical or electrical equipment in the Suite
or in The Building or any adjoining or nearby premises or
5.1.3 By the failure to clean, repair or light any adjoining or nearby
premises.
5.1.4 By the misconduct or negligent act or failure by the Licensor and its
employees, agents, contractors and those authorized or directed by
the Licensor or any visitor lawful or unlawful to or on any adjoining
or nearby premises to carry out his or their duties.
5.1.5 By the failure of the Licensor to provide any of the Facilities
available to the Licensee because of their use by any other occupier
of the Building.
5.1.6 By the temporary inability of the Licensee to gain access to the
Suite.
5.1.7 And the Licensee shall indemnify the Licensor against any claims
which may be made against the Licensor by any of the Licensee, its
employees, invitees or others or any third party arising in any way
from the Licensee's occupation or use of the Suite.
5.2 That the Licensor shall not be responsible to effect any insurance
save that expressly provided in this Agreement and the Licensee shall
be responsible for effecting its own cover in respect of any other
risks including without limitation in relation to the Licensee's own
contents and the Licensee's liability to the public and employees.
5.3 That this Licence may be terminated (without prejudice to accrued
rights and obligations) by either the Licensor or the Licensee at any
time on not less than 3 months written notice to the other and for
the avoidance of doubt where this Agreement is entered into prior to
that date that occupation is due to commence it is agreed that such
termination notice may be given at any time after the date hereof
(whether before or after the date that such occupation is due to
commence).
5.4 That this Licence may be terminated (without prejudice to accrued
rights and obligations) by the Licensor giving to the Licensee one
weeks notice in writing in the event of the Licensee committing any
breach of his obligations hereunder and without limitation if any
money due from the Licensee to the Licensor is not paid within 7 days
of the due date (whether demanded or not) the Licensor may treat this
as a breach entitling the Licensor to serve a notice of termination.
5.5 That this Agreement grants only a licence to occupy and no rights of
exclusive possession tenancy or lease and none shall come in
existence between the parties unless so created in writing.
6.0 The Surety agrees with the Licensor for himself and to bind his
personal representatives that the Licensee will throughout the Period
pay the Fee and observe and perform all his obligations of the
Licensee under this Agreement and in default the Surety agrees to pay
the Fee and observe such obligations as primary obligations.
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