OFFICE AND FACILITIES SPACE MANAGEMENT SERVICES

AGREEMENT
This Office and Facilities Space Management Services Agreement (“Agreement”), dated as of
______________________ (the “Effective Date”), is entered into by and among A., (the “Centre”) and B
(the “Clients”).

WHEREAS, A is a ___________________________, having Registered Office at

________________________________________________________; and B is a
_____________________________, having Registered Office at
______________________________________.

NOW, THEREFORE, in consideration of the mutual promises and obligations set forth below, the parties
hereto, intending to be legally bound, agree to the foregoing and as follows:

• Alteration: The Clients shall not make or permit or entitled to do any infrastructural changes,
alteration, modification or addition to the construction or arrangements to the Licensed
premises without previous consent in writing from the Centre. However, layout can be changed
by the Clients

• Pre-termination of the contract is not allowed under any circumstances.

• The address of the Centre can be used by the Client only as communication/ correspondence
address (official or personal). However, Client is not entitled to use the said address for any
marketing material.

• Usage: The Client shall use this premise for own use and will have 24/7 access till agreement
End Date, provided all dues are cleared and the occupancy is for legal and moral purposes. The
Client shall not keep or permit anyone else to use the said premises, or grant any license to use
and occupy, or sublet, nor shall transfer or assign the benefits of this agreement to any other
person. While guests are allowed and permitted to visit the Client but the same facility is not to
be misused on regular basis for bringing external people to work from this office. In addition,
Centre shall provide Meeting room on chargeable basis for any such external meetings.

• Client is not allowed or entitled to place or keep or permit to be placed or kept any offensive,
dangerous or highly inflammable or explosive material or any other article or things, which may
constitute a danger, nuisance or annoyance to the demised or surrounding premises or the
owners or occupiers thereof.

• Renewal: Subject to the termination provisions set forth, Notification period for
renewal/termination is 90 (ninety) days. In case of non-receipt of any written notice from the
Client before the said time, the contract shall be automatically renewed as per existing term at
market rate without any separate intimation from the Centre. Client shall be liable to make the
payment for the renewed period at the increase rate. The Client shall not dispute the auto
renewal and market rate clause under any circumstances after the expiry of said notification
period.
• Services: Provided Client is not in default of any of the terms, conditions and provisions of this
Agreement, “Spaces” shall provide:

(a) uninterrupted elevator services on 24/7,

(b) water for ordinary bathroom purposes. Usage of water beyond reasonable quantity may attract
extra charges as determined by Water meter,

(c) Heat to the office, on business days, as required by law;

(d) Internet facility on shared service on best efforts basis and should be strictly used only for
browsing purposes and not for large file downloads or watching movies etc. and the “Spaces" is not
responsible for any downtime/fluctuations. In case a separate unrestricted access is required, please
request for a dedicated line on chargeable basis with SLA ,

(e) Air conditioning service on business days from 8 a.m. to 8 p.m. If Client requires air conditioning
for other days and for other hours, "Spaces" will provide Client with same at Client’s sole cost Centre
team must be informed by the Client if any electrical gadget needs to be placed/connected in the
office. Centre provides centralized printing/Scanning and other admin services on chargeable basis
which can be leveraged.

• Workstation price offered is inclusive of Real estate space/Furnishing/Electricity

charges/Maintenance charges/Housekeeping and security services etc. excluding any
consumables consumed from pantry beyond unlimited Coffee/tea/Water as already covered in
Kitchen Amenities.

• Operations and housekeeping team would be available only during office hours. Please contact
Centre team for any additional services. i.e. Admin support etc. Centre follows Public Holidays as
published by National Stock Exchange, India. Office Hours are declared as worktime between
09:30 am – 5:30 pm Monday- Friday and 10:00 AM -1 PM on Saturday excluding Public Holidays.
This, however, does not restrict usage of premises 24x7 in anyway by the client.

• Security: Security Checks at entrance is mandatory for all employees, clients or visitors.
Security is one of the most vital aspect in any office premise as to provide a secure working
environment for all. Various security procedures, rules and guidelines have been set by the
Centre which must be adhered by all and non-compliance to any will be considered as a breach
against the Centre and the Centre shall reserve the right to take any necessary action under
applicable laws.

• Client shall also be entitled to use car parking as per allotted car parking space by paying
additional parking charges to the “Spaces”. Client must abide by the rules and regulation of the
Magarpatta Parking/Access card. In case of Violation of which, “Spaces" shall not be responsible.
Parking sticker will be issued to the client only upon providing vehicle details for allotted car
parking.

• Client shall have the option to expand the premises to include contemplated expansion
premises during the tenure of the contract. To exercise the Expansion option, Client must
deliver written notice to the Centre. Any expansion shall be done at the current market rate.
The term of Client’s liability for Basic Rent for Expansion Premises shall commence from the
 Expansion Premises Delivery Date. However, downgrade from existing number of workstations
is not allowed.

• Every additional service / request from Client might attract additional charges and TAT to be
delivered. The Contact center team can be contacted for detailed information on the same.

• “Spaces” shall maintain, repair and replace all electric equipment and keep the same in good
working condition through regular inspection and servicing, including Air condition, which
services only the premises; and maintain the same continuously for the entire Term period.
However, Air conditioning facility would be available only during office hours as defined above.
Additional availability of AC can be made on chargeable basis per hour.

• “Spaces” shall inspect regularly and keep the offices and any fixtures, fittings, wooden partitions
and cabin in good repair and working condition save that “Spaces” shall not be liable to repair
the offices or any fixtures and fittings to the extent that any disrepair has been caused by the
willful or negligent act of the client.

• “Spaces” may introduce new policies and terms time to time which would be applicable to all
“Spaces” clients, its employees and visitors. Any such change is to be notified to the Client in
written with a minimum notice period of 15 days.

• Client will be charged a fee at the time of exiting the property to restore the premises back to its
original status which is per sq. ft., reasonable wear and tear excerpted.

• No board signs, pamphlets, or nailing to the wall /partition or any kind of display is allowed in
the Premises. If Client wants his company to be on display for temporary or permanent basis, it
shall be on chargeable basis. The Contact center team can be contacted for detailed information
on the same.

• Indemnity: Client is solely responsible for the conduct and maintenance of all its employees,
agents, guests and contractors including their welfare, insurance, salaries, healthcare facilities
and other benefits and the occupancy is at their own risk without any liability to the “Spaces”.
Client agrees to indemnify “Spaces” and hold the “Spaces” harmless against any loss or expense
that the "Spaces” might have incurred or sustained as a consequence of any claim brought out
by the Client, its employees, agents, guest and contractors for the use of these premises
including accidental health or any other liability. Further, the Client absolves The “Spaces” from
any liability brought up by any third party owing to any action or lack of action of the Client or
Client’s failure to abide by the required National, State and center’s rules and regulations.

• Payment: The Centre shall raise invoices two months in advance giving one month notice for
payment of all and any dues. The client shall pay monthly rental in advance by 25th of Preceding
Month. Any Delay in payment of dues shall attract 2.5% Penalty per Week. “Spaces” reserves
the right to refuse access to the premises in case the dues are delayed by more than 30 days
with no prejudice to the penalty charges as mentioned above. If the client is making any TDS
deduction, Client shall submit proof of such payment to “Spaces.”
 • No service can be taken from outside vendors without prior written permission of the Center. In
case any external internet service from any outside vendor is sought, Client shall be liable to pay
Rs 5000 per Month towards Workstation fee.

• Breach of Contract: If either party (the “Defaulting Party”) breaches any provision of this
Agreement, which causes damage to the other Party (the “Non-defaulting Party”), the Non-
defaulting Party may notify the Defaulting Party in writing and request it to rectify and correct
such breach of contract; if the Defaulting Party fails to take any action to the satisfaction of the
Non-defaulting Party to rectify and correct such breach within fifteen (15) working days upon
the issuance of the written notice by the Non-defaulting Party, the Non-defaulting Party may
take the actions pursuant to this Agreement or pursue other remedies in accordance with laws,
which includes, but is not limited to liquidated damages, loss of profits, costs and injunctive
releif to restrain from continuing such breach or breaches.

• Representation and Warranties: The Receiving Party (Client) further acknowledges and agrees
that no representation or warranty, express or implied, is or will be made, and no responsibility
or liability is or will be accepted by the Disclosing Party (Centre), or by any of its respective
directors, officers, employees, agents or advisors, as to, or in relation to, the accuracy and of
completeness of any proprietary information made available to the Receiving Party (“Cilent”) or
its advisors, it is responsible for making its own evaluation of such Proprietary Information.

• At the end of the Term period, Client is required to hand over the peaceful possession of the
demised premises together with all the Client fixtures and fittings in as good condition as
received, fair wear and tear, damage by fire, acts of God, riots or other civil unrest, war, enemy
action and/or other cause not within the control of the Client, being excepted.

IN WITNESS, WHEREOF, the Parties, intending to be legally bound, have caused their proper and
duly authorised and duly authorised officers to execute and deliver this Agreement as of the day
and year first above written.

Party A

Date: ___________________ By: ________________________

Nmae: ____________________

Designation: _________________

Party B

Date: ___________________ By: ________________________

Name: _______________________

Designation: __________________
____________________________ _____________________________

Witness 2nd Witness