Document:

Stuart Sedlack Offer Letter

 Exhibit 10.1 
 

 
 First Floor, Block 3, The Oval, Shelbourne Road, Ballsbridge, Dublin 4, Ireland. 

Tel: +353 (0) 1 669 9020    Fax: +353 (0) 1 669 9028 

August 1, 2007 
 Mr. Stuart Sedlack

 15505 Carrs Mill Road 
 Woodbine, MD
21797 
 Dear Stuart, 
 I refer to our
recent conversations regarding your proposed appointment to the position of Vice President, Business Development. I am delighted to offer you this position on the following terms. 
 For the purposes of this letter “Amarin” shall mean Amarin Corporation plc and its Affiliates. “Affiliates” shall mean any corporation or other business entity which is part of the
same enterprise grouping as Amarin and which is controlled by, is under common control with, or controls the party, where control includes the ability to vote at least a majority of the voting shares of an entity. 

1. Role/Title 
 Your title will be
Executive Vice President, Strategic Development reporting to Alan Cooke, President and Chief Financial Officer. Initially you will be employed by Amarin Pharmaceutical Ireland Limited. Once an Affiliate of Amarin is established in the US, you will
be employed by that Affiliate. For the avoidance of doubt the terms of this Offer Letter will apply to your employment by any such Affiliate. 

Specifically, you will be required to perform the role of Vice President, Business Development and to perform such other duties as may be assigned to you
from time to time. 
 2. Commencement Date/Location 
 As discussed, your starting date will be as soon as is practicable following your departure from your current employment (“Commencement Date”). You will work from home and you may be
required to work at other locations from time to time. When we have established an office on the East coast of the U.S., which is likely to be in New Jersey, we will discuss your attendance requirements at that office in addition to your work from
your home office. Normal office hours are from 9.00 am to 5.00 pm Monday to Friday. However, your duties are critical to the smooth running of the operation and as such you may be required to work outside these hours. 

 3. Compensation 
 Amarin shall pay you the sum of US$265,000 gross per annum payable on or around the last Friday in each calendar month. 
 4. Stock Options 
 You will be entitled to the grant of options over 300,000 ordinary
shares in Amarin Corporation plc of 5 pence each (equivalent to 300,000 American Depositary Receipts) which will vest one third on the first anniversary of the option grant date and the reminder in equal amounts over the following two anniversary
dates. These options will be priced, approved and granted at the first remuneration committee meeting following the date of signature of this employment contract and your commencement of employment with Amarin. The provisions of the Amarin
Corporation plc 2002 Stock Option Plan (as may be amended from time to time) shall apply to any options granted. 
 5. Bonus

 You will be entitled to be considered for a discretionary bonus for each calendar year served with Amarin up to a maximum of 50% of your
annual salary although any such bonus shall be payable in the absolute discretion of Amarin’s management having regard to the performance of the Amarin group as a whole and in the light of your own personal performance during such year.
Additionally, in the event that Amarin’s management determines, in its absolute discretion, to make an annual performance stock option grant to senior management, you will be entitled to be considered for such a grant. 

6. Health Insurance 
 Amarin will
reimburse you for the cost of your existing health and life insurance schemes, assuming the benefits and costs are somewhat comparable to the cost and benefits of those schemes offered to existing employees. 

7. Pension 
 Amarin will pay 6% of
your gross salary into your self-directed retirement account. Currently our pension benefit is undergoing a review at group level. If this review changes the pension contribution % for senior management, your contribution will be adjusted
accordingly. 
 8. Expenses 
 Amarin shall reimburse you for all reasonable expenses that you are authorised to incur whilst carrying out your duties on behalf of Amarin. You must follow the correct claims procedure and provide
invoices or other evidence of payment in order to be reimbursed. 
 9. Hours of work 

Your normal hours of work shall be 35 hours per week, although Amarin expects you to work such hours and at such times as may be reasonably necessary in
order for you to carry out your duties effectively. There is no entitlement to payment for overtime. 

 10. Holidays 
 You are entitled to paid holidays of 24 days per annum, excluding statutory and customary holidays. The holiday year is from 1 January to 31 December and unused holiday entitlement may not be
carried forward. Holidays must be taken at times convenient to Amarin and sufficient notice of intention to take holiday must be given to accommodate the needs of the business. 
 11. During working hours you shall devote all of your time, attention and skill to Amarin’s business and interests in a proper and efficient manner, and shall use your best efforts to further and
promote Amarin’s business and to act loyally and faithfully to Amarin. 
 12. Confidential Information and Company Documents

 You shall neither during your engagement with Amarin (except in the proper performance of your duties) nor at any time after the
termination of your engagement with Amarin: 
  

	 	(a)	divulge or communicate to any person, company, business entity or other organisation; 

 

	 	(b)	use for your own purposes or for any other purposes other than those of Amarin or any Affiliate; or 

 

	 	(c)	through any failure to exercise due care and diligence, permit or cause any unauthorised disclosure of 

any Confidential Information. These restrictions shall cease to apply to any information which shall become available to the public generally otherwise
than through your default. 
 “Confidential Information” shall mean any proprietary information of Amarin, including, without
limitation, information relating to products, processes, services, businesses, personnel, research, financial strategies and activities, commercial strategies and activities, formulas, materials, compounds, substances, programmes, devices, concepts,
inventions, patents, designs, methods, techniques, intellectual property, marketing strategies, data, trade secrets, know-how, plans, operations, tests, studies, manuals, market reports, customers, financial status, cash flow projections and the
like or any other matter connected with the business of Amarin, or any of its suppliers, partners or customers related to Amarin or its business. 
 All books, notes, memoranda, records, lists of customers and suppliers and employees, correspondence, documents, computer and other discs, tapes and other data storage, date listings, codes, designs, and
drawings and other documents and material whatsoever (whether made or created by you or otherwise) relating to the business of Amarin (and copies of the same): 
  

	 	(a)	shall be and remain the property of Amarin or the relevant Affiliate; and 

	 	(b)	shall be handed over by you to Amarin or to the relevant Affiliate on demand and in any event on the termination of your engagement with Amarin.

 13. Termination of Employment 
  

	13.1	Subject to clause 13.2, you are entitled to give and receive from Amarin 12 months notice of the termination of your employment. If written notice is given by you or by
Amarin to terminate your employment, Amarin may, notwithstanding any other terms of these terms and conditions and in its absolute discretion, require you to: 

 

	 	(a)	continue to perform such duties as Amarin may direct or to perform no duties during the period of your notice provided always that it shall continue to pay you your
salary and provide all contractual benefits to which you are entitled during such notice period. You agree that, during any part of any period of notice, you will not work for any other employer; 

 

	 	(b)	accept a payment of salary in lieu of notice and your employment shall terminate immediately but without prejudice to any other claim Amarin or you may have against the
other. 

  

	13.2	In the event that Amarin serves notice of termination of your employment under clause 13.1 within the first 18 months following the Commencement Date, in addition to
your rights set forth in Clause 13.1, following the expiry of the 12 months notice period (“Initial Notice Period”), you shall be entitled to act as a consultant to Amarin on a month to month basis from the expiry of the Initial
Notice Period until the earlier of (a) the thirty month anniversary of the Commencement Date and (b) the date upon which you accept an offer of employment with a third party (“Optional Consultancy Period”). During the
Optional Consultancy Period, you will be required to provide transitional consultancy services to Amarin of 5 hours each month at a rate of $200 per hour. 

 14. Termination without Notice 
 In cases of gross misconduct Amarin may terminate your
engagement immediately without notice and without liability for compensation or damages. In the event of a dispute arising in respect of any such termination by Amarin this dispute will be governed by the laws of the State of New York and shall be
subject to the exclusive jurisdiction of the courts of New York. 
 15. Sickness 
 If you are ill and unfit for work, you must personally contact your manager as early as possible on the first day and comply with the absence policy as detailed in the handbook. 

 If you are ill for less than 7 consecutive days (including weekends) you must complete a self certification
form. For longer periods of illness a Doctor’s certificate must be supplied and additional ones sent to cover the whole period of sickness. 
 Company Sick Pay may be paid at Amarin’s absolute discretion as follows in a rolling 12 month period: 
  

			
	 Length of continuous employment on

commencement of absence
	  	 Period for which full pay is
 normally payable in a twelve
 month
period

	Up to 1 year	  	4 weeks
	Over 1 year and up to 3 years	  	8 weeks
	Over 3 years and up to 5 years	  	13 weeks
	Over 5 years	  	26 weeks

 Amarin may at any time require you to have a medical examination at Amarin’s expense. 

Should you have, or develop a condition that could be described as a disability you have a duty to inform us so that any reasonable adjustment may be made
to your work or working environment. This disclosure would be treated in strictest confidence and you would not be discriminated against in any way. 
 16. Intellectual Property Rights 
 It shall be part of your contractual duties (whether
alone or with any other employee of Amarin or any Affiliate) at all times to further the interests of Amarin and, without prejudice to the generality of the foregoing and to the extent as is consistent with the your role within Amarin; 

 

	 	(a)	to make, discover and conceive inventions, processes, techniques, designs, improvements or developments relating to or capable of use or adaptation for use in
connection with the business of Amarin or any Affiliate (“an Invention”) 

  

	 	(b)	to consider in what manner and by what new methods or devices the products, services, processes, equipment or systems of Amarin or any Affiliate with which you are
concerned or for which you are responsible, might be improved (“a Development”); 

  

	 	(c)	promptly to give to Amarin or any Affiliate full details of any such Invention or Development which you may from time to time make or discover in the course of your
engagement with Amarin; and 

  

	 	(d)	to further the interests of Amarin’s or any Affiliate’s undertaking with regard thereto 

 and Amarin or any Affiliate shall be entitled to the exclusive ownership of any such Invention or
Development and to the exclusive use thereof. 
 You shall immediately give full information to the board of directors of Amarin (the
“Board”) as to such Invention or Development and the exact mode of working, producing, using and exploiting the same and shall also give all such explanations and instructions to the Board as may be necessary or useful to enable Amarin or
any Affiliate to obtain full benefit of them and will at the expense of Amarin or any Affiliate furnish it with all necessary plans, drawings, formulae and models applicable to the same and shall at the cost and expense of Amarin or any Affiliate
execute all documents and do all acts and things necessary to enable Amarin or any Affiliate (or its or their nominees) to apply for and obtain protection for such Inventions and Developments throughout the world and for vesting the ownership of
them in Amarin or any Affiliate (or its or their nominees). 
 You shall not knowingly do anything to imperil the validity of any patent or
protection related to the business of Amarin or any Affiliate or any application therefore but shall at the expense of Amarin or any Affiliate render all possible assistance to Amarin or any Affiliate, both in obtaining and in maintaining such
patents or other protection. 
 You shall not either during your engagement with Amarin or any time thereafter exploit or assist others to
exploit any Invention or Development which you may from time to time make or discover in the course of your engagement with Amarin or (unless the same shall have become public knowledge otherwise than by breach by you of the terms of this Offer
Letter) make public or disclose any such Invention or Development or improvement or give any information in respect of the same except to Amarin or any Affiliate or as it may direct. 
 You hereby irrevocably appoint Amarin or any Affiliate to be your attorney in your name and on your behalf to execute all documents and do all things necessary and generally to use your name for the
purpose of giving Amarin or any Affiliate (or its or their nominees) the full benefit of the provisions of this clause and in favour of any third party a certificate in writing signed by any director or the secretary of Amarin or any Affiliate that
any instrument or act which falls within the authority conferred by this clause which shall be conclusive evidence that such is the case. 

Copyright and unregistered design rights in all works created by you in the course of your engagement with Amarin will, in accordance with the Copyright
Designs and Patent Act 1988, vest in Amarin or any Affiliate. Rights in any design registerable pursuant to the Registered Designs Act 1949, (as amended) (the “Act”) created by you in the course of your engagement with Amarin shall, in
accordance with the Act, vest in Amarin or any Affiliate. 
 17. Restrictions during employment 

During the course of your engagement with Amarin, you shall not: 
  

	(a)	be directly or indirectly employed, engaged, concerned or interested in any other business or undertaking; or 

	(b)	engage in any activity which the Board reasonably considers may be, or become, harmful to the interests of Amarin or any Affiliate or which might reasonably be
considered to interfere with the performance of your duties under this Agreement. 

 The above provisions shall not apply:

  

	(a)	to the holding by you (directly or through nominees) of investments listed on the London Stock Exchange or in respect of which dealing takes place in the Unlisted
Securities Market on the London Stock Exchange or any recognised stock exchange as long as you do not hold more than 5 % of the issued shares or other securities of any class of any one company; or 

 

	(b)	to any act undertaken by you with the prior written consent of the Board; or 

 

	(c)	to any interest permitted with the prior approval of the Board (such interest not to be unreasonably withheld) for you to serve from time to time and continue to serve
on the boards of, and hold any other offices or positions in, companies or organisations which will not present any conflict of interest with Amarin or any Affiliate and provided that such activities do not materially detract from the performance of
your duties; 

  

	(d)	to your serving as a member of the Business Advisory Board of Fountain Healthcare Partners on the basis of a maximum time commitment of 2 half days per calendar quarter
and provided that, save with the prior approval of Amarin’s Chief Financial Officer, you shall exclude yourself from any involvement in any assignments or discussions with Fountain Healthcare Partners which may present any conflict of interest
with the business or affairs of Amarin or any of its Affiliates. 

 18. Share Dealings 

You shall comply fully with Amarin’s Share Dealing Code. 
 19. Conditions of offer 
 This offer of employment is conditional upon: 

 

	(a)	receipt by the Amarin of two satisfactory employment references, one of which must be given by your current employer. Please provide names and addresses of two
referees, who may be contacted immediately; 

  

	(b)	receipt of original professional and educational qualifications (where requested); 

 

	(c)	all pre-employment checks being acceptable to the Amarin. 

 If you choose to accept the offer on the above terms and conditions, please sign and return the copy of this
Offer Letter to our General Counsel, Tom Maher at Amarin, First Floor, Block 3, The Oval, Shelbourne Road, Ballsbridge, Dublin 4. 
 We look
forward to you joining our company and I am sure you will have a successful and challenging career with Amarin. 
  

	
	 Signed for and on behalf of

 
 AMARIN CORPORATION plc

	
	 /s/ Alan Cooke

	Alan Cooke
	Director, President and CFO

 I hereby accept and agree to be bound by the terms and conditions of the Offer Letter set out above. 

 

			
	 Signed
	 	 /s/ Stuart Sedlack

	 Name
	 	Stuart Sedlack
		
	 Dated
	 	 1 August 2007Online Office Agreement

 Exhibit 10.2 

 

			
	Regus	  	30/09/2011

  

			
	

	  	Online Office Agreement

  
  

 

			
	Agreement Date: Friday, September 30, 2011	  	Confirmation No: 32768-146551

  

							
	Business Center Details	  		  	Client Details
				
	DUBLIN, 2 Pembroke House	  		  	Company Name	  	Amarin Corporation
				
	Address	  	Upper Pembroke Street 28-32	  	Contact Name	  	Conor Dalton
		  	Dublin	  	  
 Address
	  	  
 1st Floor

The Oval
 Shelbourne Road

Dublin
 D4

Republic of Ireland

		  	Republic of Ireland	  	  
	  
 Sales Manager
	  	  
 Althaea Federlein
	  		  
	  	  		  
		  		  		  
		  		  		  
				
		  		  	Phone	  	+353(0)862715407
				
		  		  	Email	  	conor.dalton@amarincorp.com

 Office Payment Details (exc. tax and exc. services) 

 

			
	Office Number	  	Number of people
		
	305	  	1
		
	308	  	1
		
	309	  	1

  

					
			
	Initial Payment:	  	First month’s fee:	  	0.00
			
		  	Service Retainer:	  	5,400.00
			
		  	Total Initial Payment:	  	5,400.00
			
	Monthly Payment:	  	Total Monthly Payment therafter:	  	2,700.00

  

									
	Service Provision:	  	Start Date	  	1 November 2011	  	End Date	  	31 October 2012

 All agreements end on the last calendar day of the month. 
 Comments: Terms and conditions have been read, understood and accepted. Payment is required in advance no later than 25th of each month. Late payment of invoices will incur a penalty fee. It has
been agreed that months 1, 4, 7 & 10 will be rent free (this does not include services). All chargeable rental months are at 2700 per month (not including services). Monthly recurring fees at this stage are: 368. This breaks down as: 2 x
RegusNet Broadband Bundle@ 129. Client has decided not to take phone line at this stage. 1 x beverage package @ 39. It has been agreed that the client can take one parking space for 200 per month. One off set up fees: 2 x months deposit has
been agreed. 49 per person for keys, fobs and security settings. 1 x 129 for RegusNet Broadband Bundle connections Client is aware of the exit charges highlighted in Section 8 and wants the choice at the end of the contract to whether
avail of the Business Continuity Package. Complimentary Businessworld Gold Card allowing access to all 1100 Business Lounges globally. All prices are subject to 21% VAT 

  
 Page 1

 1. This Agreement 
 1.1 Nature of this agreement: This agreement is the commercial equivalent of an agreement for accommodation(s) in a hotel. The whole of the Center remains in Regus’ possession and control. THE CLIENT
ACCEPTS THAT THIS AGREEMENT CREATES NO TENANCY INTEREST, LEASEHOLD ESTATE OR OTHER REAL PROPERTY INTEREST IN THE CLIENT’S FAVOUR WITH RESPECT TO THE ACCOMMODATION(S). Regus is giving the Client the right to share with Regus the use of the
Center on these terms and conditions, as supplemented by the House Rules, so that Regus can provide the services to the Client. This agreement is personal to the Client and cannot be transferred to anyone else. This agreement is composed of the
front page describing the accommodation(s), the present terms and conditions and the House Rules. 
 1.2 Comply with House Rules: The Client
must comply with any House Rules which Regus imposes generally on users of the Center. The House Rules vary from country to country and from Center to Center and these can be requested locally. 

1.3 Duration: This agreement lasts for the period stated in it and then will be extended automatically for successive periods equal to the current term
but no less than 3 months (unless legal renewal term limits apply) until brought to an end by the Client or by Regus. All periods shall run to the last day of the month in which they would otherwise expire. The fees on any renewal will be at the
then prevailing market rate. 
 1.4 Bringing this agreement to an end: Either Regus or the Client can terminate this agreement at the end date
stated in it, or at the end of any extension or renewal period, by giving at least three months written notice to the other. However, if this agreement, extension or renewal is for three months or less and either Regus or the Client wishes to
terminate it, the notice period is two months or (if two months or shorter) one week less than the period stated in this agreement. 
 1.5
Ending this agreement immediately: To the maximum extent permitted by applicable law, Regus may put an end to this agreement immediately by giving the Client notice and without need to follow any additional procedure if (a) the Client becomes
insolvent, bankrupt, goes into liquidation or becomes unable to pay its debts as they fall due, or (b) the Client is in breach of one of its obligations which cannot be put right or which Regus have given the Client notice to put right and
which the Client has failed to put right within fourteen (14) days of that notice, or (c) its conduct, or that of someone at the Center with its permission or invitation, is incompatible with ordinary office use. 

If Regus puts an end to this agreement for any of these reasons it does not put an end to any outstanding obligations, including
additional services used and the monthly office fee for the remainder of the period for which this agreement would have lasted if Regus had not ended it. 
 1.6 If the Center is no longer available: In the event that Regus is permanently unable to provide the services and accommodation(s) at the Center stated in this agreement then this agreement will end and
the Client will only have to pay monthly office fees up to the date it ends and for the additional services the Client has used. Regus will try to find suitable alternative accommodation(s) for the Client at another Regus Center. 

1.7 When this agreement ends the Client is to vacate the accommodation(s) immediately, leaving the accommodation(s) in the same condition as it was when
the Client took it. Upon the Client’s departure or if the Client, at its option, chooses to relocate to different rooms within the Centre, Regus will charge an Office Restoration Service fee to cover normal cleaning and testing and to return
the accommodation(s) to its original state. This fee will differ by country and is listed in the House Rules. Regus reserves the right to charge additional reasonable fees for any repairs needed above and beyond normal wear and tear. If the Client
leaves any property in the Centre Regus may dispose of it at the Client’s cost in any way Regus chooses without owing the Client any responsibility for it or any proceeds of sale. When a Client vacates its accommodation(s) invariably Regus
continues to receive the Client’s mail, faxes, telephone calls and visitors. In order to professionally manage the redirection of the Client’s calls, mail, faxes and visitors Regus charges a one-time Business Continuity Service. This
service lasts for three months after the end of the date of this agreement. If in the event that there are no calls, mail, faxes or visitors this service will not be applied. This fee is located in the house rules. 

If the Client continues to use the accommodation(s) when this agreement has ended the Client is responsible for any loss, claim or
liability Regus incurs as a result of the Client’s failure to vacate on time. Regus may, at its discretion, permit the Client an extension subject to a surcharge on the monthly office fee. 

1.8 Employees: While this agreement is in force and for a period of six months after it ends, neither Regus nor the Client may knowingly solicit or offer
employment to any of the other’s staff employed in the Center. This obligation applies to any employee employed at the Center up to that employee’s termination of employment, and for three months thereafter. It is stipulated that the
breaching party shall pay the non-breaching party the equivalent of one year’s salary for any employee concerned. Nothing in this clause shall prevent either party from employing an individual who responds in good faith and independently to an
advertisement which is made to the public at large. 
 1.9 Client Representation of Regus Employees: Throughout the duration of this agreement,
Client agrees that neither Client, nor any of Client’s partners, members, officers or employees will represent, or otherwise provide legal counsel to, any of Regus’ current or former employees in any dispute with, or legal proceeding
against, Regus, or any of Regus’ affiliates, members, officers or employees. 
 1.10 Notices: All formal notices must be in writing to the
address first written above. 
 1.11 Confidentiality: The terms of this agreement are confidential. Neither Regus nor the Client must disclose
them without the other’s consent unless required to do so by law or an official authority. This obligation continues after this agreement ends. 
 1.12 Applicable law: This agreement is interpreted and enforced in accordance with the law of the place where the relevant Centre is located. Regus and the Client both accept the exclusive jurisdiction of
the courts of such jurisdiction. If any provision of these terms and conditions is held void or unenforceable under the applicable law, the other provisions shall remain in force. In the case of Japan all arrangements will interpreted and enforced
by the Tokyo District Court, and in the case of France, any dispute regarding this agreement will be settled by the relevant courts of the Paris jurisdiction. 
 1.13 Enforcing this agreement: The Client must pay any reasonable and proper costs including legal fees that Regus incurs in enforcing this agreement. 

2. Services and Obligations 
 2.1
Furnished office accommodation(s): Regus is to provide the number of serviced and furnished office accommodation(s) for which the Client has agreed to pay in the Center stated in this agreement. This agreement lists the accommodation(s) Regus has
initially allocated for the Client’s use. The Client will have a non-exclusive right to the rooms allocated to it. Occasionally Regus may need to allocate different accommodation(s), but these accommodation(s) will be of reasonably equivalent
size and Regus will notify the Client with respect to such different accommodation(s) in advance. 
 2.2 Office Services: Regus is to provide
during normal opening hours the services, if requested, described in the relevant service description (which is available on request). If Regus decides that a request for any particular service is excessive, it reserves the right to charge an
additional fee. 
 2.3 RegusNET: REGUS DOES NOT MAKE ANY REPRESENTATIONS AS TO THE SECURITY OF REGUS’ NETWORK (OR THE INTERNET) OR OF ANY
INFORMATION THAT THE CLIENT PLACES ON IT. The Client should adopt whatever security measures (such as encryption) it believes are appropriate to its circumstances. Regus cannot guarantee that a particular degree of availability will be attained in
connection with the Client’s use of Regus’ network (or the internet). The Client’s sole and exclusive remedy shall be the remedy of such failure by Regus within a reasonable time after written notice. 

3. Providing the Services 
 3.1
Access to the accommodation(s): Regus may need to enter the Client’s accommodation(s) and may do so at any time. However, unless there is an emergency or the Client has given notice to terminate, Regus will attempt to notify the Client verbally
or electronically in advance when Regus needs access to carry out testing, repair or works other than routine inspection, cleaning and maintenance. Regus will also endeavor to respect reasonable security procedures to protect the confidentiality of
the Client’s business. 
 3.2 Availability at the start of this agreement: If for any reason Regus cannot provide the accommodation(s)
stated in this agreement by the date when this agreement is due to start it has no liability to the Client for any loss or damages but the Client may cancel this agreement without penalty. Regus will not charge the Client the monthly office fee for
accommodation(s) the Client cannot use until it becomes available. Regus may delay the start date of this agreement provided it provides to the Client alternative accommodation(s) that shall be at least of equivalent size to the accommodation(s)
stated in this agreement. 
 4. Accommodation(s) 
 4.1 The Client must not alter any part of its accommodation and must take good care of all parts of the Center, its equipment, fixtures, fittings and furnishings which the Client uses. The Client is
liable for any damage caused by it or those in the Center with the Client’s permission or at the Client’s invitation whether express or implied, including but not limited to all employees, contractors, agents or other persons present on
the premises. 
 4.2 Office furniture and equipment: The Client must not install any cabling, IT or telecom connections without Regus’
consent, which Regus may refuse at its absolute discretion. As a condition to Regus’ consent, the Client must permit Regus to oversee any installations (for example IT or electrical systems) and to verify that such installations do not
interfere with the use of the accommodation(s) by other Clients or Regus or any landlord of the building.

 4.3 Insurance: It is the Client’s responsibility to arrange insurance for its own property which it
brings in to the Center and for its own liability to its employees and to third parties. Regus strongly recommends that the Client put such insurance in place. 
 5. Use 
 5.1 The Client must only use the accommodation(s) for office purposes.
Office use of a “retail” or “medical” nature, involving frequent visits by members of the public, is not permitted. 
 5.2
The Client must not carry on a business that competes with Regus’ business of providing services office accommodation(s). 
 5.3 The
Client’s name and address: The Client may only carry on that business in its name or some other name that Regus previously agrees. 
 5.4
Use of the Center Address: The Client may use the Center address as its business address. Any other uses are prohibited without Regus’ prior written consent. 
 6. Compliance 
 6. 1 Comply with the law: The Client must comply with all relevant
laws and regulations in the conduct of its business. The Client must do nothing illegal in connection with its use of the Business Center. The Client must not do anything that may interfere with the use of the Center by Regus or by others, cause any
nuisance or annoyance, increase the insurance premiums Regus has to pay, or cause loss or damage to Regus (including damage to reputation) or to the owner of any interest in the building which contains the Center the Client is using. The Client
acknowledges that (a) the terms of the foregoing sentence are a material inducement in Regus’ execution of this agreement and (b) any violation by the Client of the foregoing sentence shall constitute a material default by the Client
hereunder, entitling Regus to terminate this agreement, without further notice or procedure. 
 6.2 The Client’s personal data may be
transferred outside the European Union where Regus has a Center for the purposes of providing the services herein. Regus has adopted internal rules to ensure data protection in accordance with European regulations. 

7. Regus’ Liability 
 7.1 The
extent of Regus’ liability: To the maximum extent permitted by applicable law, Regus is not liable to the Client in respect of any loss or damage the Client suffers in connection with this agreement, with the services or with the Client’s
accommodation(s) unless Regus has acted deliberately or negligently in causing that loss or damage. Regus is not liable for any loss as a result of Regus’ failure to provide a service as a result of mechanical breakdown, strike, termination of
Regus’ interest in the building containing the Center or otherwise unless Regus does so deliberately or is negligent. In no event shall Regus be liable for any loss or damage until the Client provides Regus written notice and gives Regus a
reasonable time to put it right. If Regus is liable for failing to provide the Client with any service under this agreement then subject to the exclusions and limits set out immediately below Regus will pay any actual and reasonable expenses the
Client has incurred in obtaining that service from an alternative source. If the Client believes Regus has failed to deliver a service consistent with these terms and conditions the Client shall provide Regus written notice of such failure and give
Regus a reasonable period to put it right. 
 7.2. EXCLUSION OF CONSEQUENTIAL LOSSES, ETC.: REGUS WILL NOT IN ANY CIRCUMSTANCES HAVE ANY
LIABILITY FOR LOSS OF BUSINESS, LOSS OF PROFITS, LOSS OF ANTICIPATED SAVINGS, LOSS OF OR DAMAGE TO DATA, THIRD PARTY CLAIMS OR ANY CONSEQUENTIAL LOSS UNLESS REGUS OTHERWISE AGREES IN WRITING. REGUS STRONGLY ADVISES THE CLIENT TO INSURE AGAINST ALL
SUCH POTENTIAL LOSS, DAMAGE, EXPENSE OR LIABILITY. 
 7.3. Financial limits to Regus’ liability: In all cases, Regus’ liability to the
Client is subject to the following limits: 
  

	•	 	 Without limit for personal injury or death; 

  

	•	 	 Up to a maximum of £1 million / USD$2 million / €1.3 million (or local equivalent) for any one event or series of connected events
for damage to the Client’s personal property except in Turkey where it will be up to a maximum of the monthly office fee over the current term; 

  

	•	 	 Up to a maximum equal to 125% of the total fees paid between the date the Client moved into its accommodation(s) and the date on which the claim in
question arises or £50,000 / USD$100,000 / €66,000 (or local equivalent) whichever is the higher, in respect of any other loss or damage except in Turkey where it will be up to a maximum of the monthly office fee over the current term.

 8. Fees 
 8.1 Taxes and duty charges: The Client agrees to pay promptly (i) all sales, use, excise, consumption and any other taxes and license fees which it is required to pay to any governmental authority
(and, at Regus’ request, will provide to Regus evidence of such payment) and (ii) any taxes paid by Regus to any governmental authority that are attributable to the accommodation(s), including, without limitation, any gross receipts, rent
and occupancy taxes, tangible personal property taxes, stamp tax or other documentary taxes and fees. 
 8.2 Service Retainer/Deposit: The
Client will be required to pay a service retainer/deposit equivalent to two months’ of the monthly office fee (plus VAT/Tax where applicable) upon entering into this agreement unless a greater amount is specified on the front of this agreement.
This will be held by Regus without generating interest as security for performance of all the Client’s obligations under this agreement. The service retainer/deposit or any balance after deducting outstanding fees, the Business Continuity and
Office Restoration Service and other costs due to Regus, will be returned to the Client after the Client has settled its account with Regus and funds have been cleared. 
 8.3 Regus may require the Client to pay an increased retainer if outstanding fees exceed the service retainer/deposit held and/or the Client frequently fails to pay Regus when due. 

8.4 The Client will be charged an office set up fee per occupant. Fee amounts are located in the House Rules which can be requested at anytime.

 8.5 Late Payment: If the Client does not pay fees when due, a fee will be charged on all overdue balances. This will differ by country and is
listed in the House Rules. If the Client disputes any part of an invoice the Client must pay the amount not in dispute by the due date or be subject to late fees. Regus also reserves the right to withhold services (including for the avoidance of
doubt, denying the Client access to its accommodations(s)) while there are any outstanding fees and/or interest or the Client is in breach of this agreement. 
 8.6 Payment : Regus is continually striving to reduce its environmental impact and supports its clients in doing the same. Therefore Regus will send all invoices electronically (where allowed by law) and
the Client will make payments via an automated method such as Direct Debit or Credit Card, wherever local banking systems permit. 
 8.7
Insufficient Funds: The Client will pay a fee for any returned check or any other declined payments due to insufficient funds. This fee will differ by country and is listed in the House Rules. 

8.8. Regus will increase the monthly office fee each and every anniversary of the start date of this agreement by a percentage amount equal to the
increase in the All Items Retail Prices Index, or such other broadly equivalent Index which Regus substitutes provided that if the foregoing increase is not permitted by applicable law, then the monthly office fee shall be increased as specified in
the House Rules. This will only apply to agreements that have an original start and end date constituting more than a 12 month term. Renewals will be renewed as per clause 1.3 above and only those renewals with a start and end date constituting a
term of over 12 months will have the same increase applied. 
 8.9 Standard services: The monthly office fee and any recurring services
requested by the Client are payable monthly in advance. Unless otherwise agreed in writing, these recurring services will be provided by Regus at the specified rates for the duration of this Agreement (including any renewal). Specific due dates will
differ by country and are listed in the House rules. Where a daily rate applies, the charge for any such month will be 30 times the daily fee. For a period of less than a month the fee will be applied on a daily basis. 

8.10 Pay-as-you-use and additional Variable Services: Fees for pay-as-you-use services, plus applicable taxes, in accordance with Regus’ published
rates which may change from time to time, are invoiced in arrears and payable the month following the calendar month in which the additional services were provided. Specific due dates will differ by country and are listed in the House Rules.

 8.11 Discounts, Promotions and Offers: If the Client benefited from a special discount, promotion or offer, Regus may discontinue that
discount, promotion or offer without notice if the Client breaches these terms and conditions or becomes past due on two or more occasions. 
 Global – Terms & Conditions – June 2011 – Iveber

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