Document:

Exhibit
10.20

 

 

MEMBERSHIP
AGREEMENT

 

HI
MICHELLE ZHOU

 

 

 

Please
review your Membership Details below.

 

If
you have any questions or concerns, please don’t hesitate to reach out to us at yorkstreet@wework.com

 

PRIMARY
MEMBER INFORMATION

 

 

 

Near

Primary
member: Michelle

Zhou michelle@near.co

+61432291595

 

JOINING

 

 

 

WeWork
64 York St

12-106
• 8 person Office

$8,000.00/mo
+ GST

Start
Date: 01 May, 2021

Commitment term: 15 months

Notice period: 2 months

 

Discounts

-$2,000.00/mo
+ GST from 01 May, 2021 to 31 July, 2022

 

Additional
Fees

Setup
Fee $400.00 + GST

 

    
	WeWork Membership Agreement	1

 

     

    

 

	INCLUDED
  CREDIT ALLOTMENTS	 	SERVICE
  RETAINER SUMMARY
	 	 	 
	Conference room credits	 	Service retainer fees for WeWork 64
	12 credits per month will be added starting on 01 May,
  2021.	 	York St
	 	 	 
	Print credits	 	$16,000.00
	720 black & white prints and 120 color prints per
  month will be added starting on 01 May, 2021.	 	2.0x monthly membership fee

 

 

TERMS
& CONDITIONS

 

By
electronically signing the(se) membership agreement(s) below, your company is entering into legally binding agreement(s). Please download
and read carefully prior to signing. Any Agreement(s), including the(se) Terms and Conditions and Membership Details form(s), and any
applicable Service Package Addendum(s), will be effective when signed by both parties. In the event of any conflict between the(se) Terms
and Conditions and the Membership Details form(s), the Membership Details form(s) shall prevail.

 

When
signing this (these) Agreement(s) you must have the proper authority to execute this (these) Agreement(s) on behalf of the company
listed above and incur the obligations described in this (these) Agreement(s) on behalf of such company. If, according to law, the
services provided by us to you pursuant to this Agreement are at any time found to be exempt from VAT, then we will credit the VAT
charged to you and collected by us. In addition, in such event, the membership fee charged to you will be retroactively increased by
an amount equal to the VAT amount that is to be credited to you. Such credits and accompanying membership fee increase will offset
each other and the total amount paid to us by you will remain the same.

 

	☐	I
                                            agree to the(se) Terms & Conditions, Payment Authorization Terms, Membership Details
                                            Terms, and any applicable Service Package Addendum in this (these) Membership Agreement(s).
                                            I additionally agree that in the event I have any pre-existing Membership Agreement(s) the
                                            terms of such Agreement(s) which are not revised, amended or terminated herein remain unchanged.

 

	Community Manager’s signature	 	Electronic Signature
	 	 	 
	Rena
      LaRusso

	 	 
	64
      York Street Pty Ltd

	 	Near

  

	WeWork	 	 
	 	 	 
	64 York Street Pty Ltd	 	 
	64 York St	 	02 91331942
	Sydney, NSW, 2000, Australia	 	yorkstreet@wework.com

 

    
	WeWork Membership Agreement	2

 

     

    

 

TERMS
& CONDITIONS

 

1.
THE LINGO

 

“Agreement”
means, collectively, these Terms & Conditions (the “Terms and Conditions”), the attached Membership Details Form cover
page(s) (the “Membership Details Form”), and any other attachments, exhibits, and/or supplements.

 

“Authorised
Signatory” means an individual authorised to legallybindyourcompany.

 

“Capacity”
means the maximum number of Memberships allotted to your Office Space as set forth in the Membership Details Form.

 

“Commitment
Term” means the period of time from the Start Date to the last day of the period set forth on the Membership Details Form under
“Commitment Term” with respect to each Individual Office Number, and which may be extended upon mutual agreement of the parties.

 

“Individual
Office Number” means each individual office number and/or workspace location as may be specified in the Membership Details Form.
If the symbol “Ø” is included on the Membership Details Form, we will provide the Individual Office Number(s) for
the agreed upon Capacity prior to the Start Date.

 

“Landlord”
means our landlord(s) at the Main Premises. “Lease” means our lease with our Landlord at the Main Premises.

 

“Main
Premises” means the Premises in which the Office Space is located, as set forth in the Membership Details Form.

 

“Member”
means each person you authorize to receive the Services (defined below) (each Member granted a “Membership”).

 

“Member
Company” or “you” means the company, entity, or individual entering into this Agreement as listed in the Membership
Details Form.

 

“Office
Space” means the actual office or workspace corresponding to the Individual Office Number(s), taken together.

 

“Premises”
means a building or portion of a building in which WeWork offers offices, workstations, other workspaces, and/or other services to Members.

 

“Primary
Member” means the primary in-Premises Member contact for WeWork.

 

“Regular
Business Days” are all weekdays, except local bank/government holidays.

 

“Regular
Business Hours” are generally from 9:00 a.m. to 6:00 p.m. on Regular Business Days.

 

“Set-Up
Fee” means the fee you will be charged for each individual Membership included in the Capacity of your Office Space; you are obligated
to pay the Set-Up Fee for each Individual Office that you occupy, including such Set- Up Fees as may be due upon transfer, including
upgrade or downgrade (i.e. transferring to an Office Space with a higher or lower Capacity), of Office Space.

 

“Start
Date” means the date set forth in the Membership Details Form upon which the Services will begin being provided with respect to
each Individual Office Number.

 

“WeWork,”
“we” or “us” means the WeWork entity you are contracting with.

 

“WeWork
Member Network” means the WeWork members-only online community accessed through the internet or our mobile app.

 

    1

     

    

 

2.
THE BENEFITS OF MEMBERSHIP

 

	a.	Services.
                                            Subject to the terms and conditions of this Agreement, and any other policies we make
                                            available to you with prior notice from time to time, during the Term (defined below), WeWork
                                            will use commercially reasonable efforts to provide you (and your Members, as applicable)
                                            the services described below. These services are referred to in this Agreement as the “Services.”

 

		i.	Non-exclusive
                                            access to and use of the Office Space.

 

		ii.	Regular
                                            maintenance of the Office Space.

 

		iii.	Furnishings
                                            for the Office Space of the quality and in the quantity typically provided to other member
                                            companies with similar office space, workstations, and/or other workspace, as applicable,
                                            in the Premises.

 

		iv.	Access
                                            to and use of the WeWork Member Network in accordance with the terms of services available
                                            on our website.

 

		v.	Access
                                            to and use of the shared Internet connection in accordance with the terms of services available
                                            on our website.

 

		vi.	Use
                                            of the printers, copiers and/or scanners available to our members and member companies, in
                                            accordance with the terms described herein.

 

		vii.	Use
                                            of the conference rooms in your Main Premises and use of conference rooms in any other Premises
                                            during Regular Business Hours, in each case subject to availability and your prior reservation
                                            of such conference rooms, in accordance with the terms described herein.

 

		viii.	Heat
                                            and air-conditioning in the Office Space during Regular Business Hours.

 

		ix.	Electricity
                                            for reasonably acceptable administrative office use.

 

		x.	Use
                                            of kitchens and beverages made available to our members and member companies.

 

		xi.	Acceptance
                                            of mail and deliveries on behalf of your business during Regular Business Hours.

 

		xii.	Opportunity
                                            to participate in members-only events, benefits and promotions.

 

Other
services may be provided for an additional fee, such as car parking space, phone service, and IT services, subject to availability at
the Main Premises and any additional terms and expenses applicable to those services.

 

	b.	Our
                                            Reserved Rights. We are entitled to access your Office Space, with or without notice,
                                            in connection with our provision of the Services, for safety or emergency purposes or for
                                            any other purposes. We may temporarily move furnishings contained in your Office Space. We
                                            reserve the right to alter or relocate your Office Space, provided that we will not do so
                                            in a manner that substantially decreases the square footage of your assigned Office Space
                                            or related amenities. We may also modify or reduce the list of Services or furnishings provided
                                            for your Office Space at any time. The Services may be provided by us, an affiliate or a
                                            third party.

 

    2

     

    

 

	c.	Office
                                            Space Not Timely Available. If we are unable to make the Office Space available by the
                                            Start Date, we will not be subject to any liability related to such inability, nor will such
                                            inability affect the enforceability of this Agreement. This Agreement shall remain in full
                                            force and effect, provided that: (i) the failure to provide access to the Office Space
                                            does not last longer than two (2) months and (ii) at our sole discretion
                                            we will either (x) provide you with alternate office space (which may or may not be
                                            within a WeWork building) with reasonably comparable Capacity during such period and charge
                                            your Membership Fee or (y) not charge you the Membership Fee during the period
                                            the Office Space is not available to you. Following the two (2) month period set forth in
                                            (i) above, you shall have the ability to terminate this Agreement upon seven (7) days’
                                            prior notice to us. If we do provide you alternate office space as described in clause (x)
                                            above, during the period we provide you with such alternate office space, the individuals
                                            named as Members shall be deemed to be Members and otherwise shall be fully subject to the
                                            terms of this Agreement. Notwithstanding anything in this paragraph to the contrary, if the
                                            delay in providing the Office Space is due to your actions or inactions or due to changes
                                            in or work to the Office Space requested by you, we will not be subject to any liability
                                            related to such delay nor will such delay affect the validity of this Agreement and we shall
                                            have no obligations to provide you with the benefits described in subsections (x) and (y)
                                            of this paragraph and you shall not be entitled to terminate this Agreement and shall be
                                            liable for the payment of the Membership Fees from the Start Date.

 

	d.	Access
                                            Prior to Start Date. If we, in our sole discretion, provide you with access to your Office
                                            Space for any period of time prior to your Start Date (a “Soft Open Period”),
                                            during any such Soft Open Period you and your Members shall be fully subject to the terms
                                            of this Agreement, regardless of whether we choose to charge you the Membership Fee during
                                            any such Soft Open Period.

 

3.
YOUR MEMBERS

 

	a.	Member
                                            List. You are responsible for maintaining the accuracy of your list of Members on the
                                            WeWork Member Network (your “Member List”). Only those individuals included on
                                            the Member List will be deemed to be “Members” and entitled to receive the Services
                                            described in this Agreement. To the extent permitted by law, all of your Members shall be
                                            required to provide valid government issued identification in order to be issued an activated
                                            key card to access the Premises. If the number of Members or other individuals regularly
                                            using your Office Space exceeds the Capacity, you will be required to pay the then applicable
                                            additional fee as set forth on our website. In no event will the number of Members exceed
                                            1.5 times the Capacity, regardless of additional fees paid; however affiliated members with
                                            other active memberships offered by WeWork such as We Membership, Hot Desk, and/or separate
                                            Dedicated Desk Memberships using desks outside of the Office Space will not count towards
                                            this limit. We reserve the right to further limit the number of Members allowed atanypoint.

 

Upon
the addition of a Member to the Member List, WeWork will create a profile for such Member on the WeWork Member Network. Such profile
will be viewable by us, our employees and agents, and other members. The created profile will include only the Member’s name and
the Member Company; any additional information, including a photograph, shall be added solely as determined by you or your Members.

 

	b.	Changes
                                            to or Removal of Primary Member or Authorised Signatory. The Authorised Signatory generally
                                            has, on your behalf, the sole authority to make changes to or terminate this Agreement. The
                                            Primary Member will generally serve as WeWork’s primary contact regarding matters that
                                            involve your Members, the physical Office Space or the Premises. If no Authorized Signatory
                                            other than the Primary Member is designated by you on the Membership Details Form, the Primary
                                            Member will serve as the Authorized Signatory. We will be entitled to rely on communications
                                            to or from the Authorised Signatory or Primary Member as notice to or from you. However,
                                            an executive officer of the applicable Member Company (“Legal Representative”)
                                            will have the authority to override the request of an Authorised Signatory or Primary Member,
                                            as applicable, provided that we receive such a request within 24 hours following such Authorised
                                            Signatory’s or Primary Member’s request. We will be entitled to request reasonable
                                            documentation to confirm that an individual claiming to be a legal representative truly
                                            is one and to exercise our discretion in determining whether a particular position constitutes
                                            a “Legal Representative.” A Legal Representative will also have the authority
                                            to remove or replace the individual serving as the Authorised Signatory and/or Primary Member.
                                            Unless we receive instructions from the Authorised Signatory or Legal Representative, if
                                            the individual designated as the Primary Member ceases to provide services to the Member
                                            Company or ceases using the Office Space regularly, we will use our reasonable judgment in
                                            designating a replacement Primary Member and will notify the Member Company of such designation.

 

    3

     

    

 

4.
MEMBERSHIP FEES; PAYMENTS

 

	a.	Payments
                                            Due Upon Signing. Upon submitting a signed and completed Agreement, you will be obligated
                                            to deliver to us, in the amount(s) set forth on your Membership Details Form, (i) the Service
                                            Retainer and (ii) the Set-Up Fee.

 

	b.	Membership
                                            Fee. During the Term (defined below) of this Agreement, your Membership Fee will be due
                                            monthly and in advance as of the first (1st) day of each month. You are obligated
                                            to make payment of all Membership Fees owed throughout the Commitment Term and this obligation
                                            is absolute notwithstanding any early termination of the Agreement by you (“Membership
                                            Fee Obligations”). You agree to pay promptly: (i) all sales, use, excise, value added,
                                            and any other taxes which you are required to pay to any other governmental authority (and,
                                            at our request, will provide to us evidence of such payment) and (ii) all sales, use, excise,
                                            value added and any other taxes attributable to your Membership as shown on your invoice.
                                            The Membership Fee set forth on the Membership Details Form covers the Services for only
                                            the number of Members indicated in the Membership Details Form. Additional Members will result
                                            in additional fees as set forth on our website.

 

On
each anniversary of the Start Date (including during any Commitment Term) the Membership Fee will be subject to an automatic four percent
(4%) increase over the then current Membership Fee. Following any Commitment Term, we reserve the right to further increase or decrease
the Membership Fee at our sole discretion upon thirty (30) days’ prior notice to you in advance of and in accordance with the Termination
Notice Period described below in Section 5(d).

 

	c.	Invoices;
                                            Financial Information. WeWork will send or otherwise provide invoices and other billing-related
                                            documents, information and notices to the Primary Member or, if a Billing Contact is indicated
                                            on the Membership Details Form, the Billing Contact. Change of the Billing Contact will require
                                            notice from the Authorised Signatory in accordance with this Agreement.

 

	d.	Credits;
                                            Overage Fees. Each month, you will receive a certain number of credits for conference
                                            room use and a certain number of credits for color and black and white copies and printouts,
                                            as specified on the Membership Details Form. These allowances may not be rolled over
                                            from month to month. If these allocated amounts are exceeded, you will be responsible for
                                            paying fees for such overages. The current overage fee schedule is listed on our website.
                                            All overage fees are subject to increase from time to time at our sole discretion.

 

	e.	Late
                                            Fees. If payment for the Membership Fee or any other accrued and outstanding fee is not
                                            made by the tenth (10th) day of the month in which such payment is due, you will
                                            be responsible for paying the then- current late charge. The current late fee schedule is
                                            listed on our website. All late fees are subject to increase from time to time at our sole
                                            discretion.

 

	f.	Form
                                            of Payment. We accept payment of all amounts specified in this Agreement solely
                                            by the methods we communicate to you during the sign-up process or from time to time during
                                            the term of this Agreement. You are required to inform us promptly of any changes to your
                                            payment information. Changing your payment method may result in a change in the amount required
                                            under this Agreement to be held as the Service Retainer.

 

	g.	Outstanding
                                            Fees. Any outstanding fees will be charged in arrears on a monthly basis. When we receive
                                            funds from you, we will first apply funds to any balances which are in arrears (including
                                            any outstanding late fees) and to the earliest month due first. Once past balances are
                                            satisfied, any remaining portion of the funds will be applied to current fees due. If
                                            any payments remain outstanding after we provide notice to you, we may, in our sole discretion,
                                            withhold Services or terminate this Agreement in accordance with Section 5.

 

	h.	No
                                            Refunds. Except as otherwise provided for herein, there shall be no refunds of any fees
                                            or other amounts paid by you or your Members in connection with the Services.

 

    4

     

    

 

5.
TERM AND TERMINATION

 

	a.	Term.
                                            This Agreement will be effective when signed by both parties (“Effective Date”);
                                            provided that we have no obligations to provide you with the Services until the later of
                                            (i) the date on which payment of your Service Retainer, Set-Up Fee and first month’s
                                            Membership Fee has been received by us or (ii) the Start Date. Unless otherwise set forth
                                            on the Membership Details Form that the Agreement will not be subject to automatic renewal,
                                            following the Commitment Term, this Agreement shall continue on a month-to-month basis (any
                                            term after the Commitment Term, a “Renewal Term”), subject to the Termination
                                            Notice Periods (defined below). The Commitment Term and all subsequent Renewal Terms shall
                                            constitute the “Term”. If no Commitment Term is indicated on your Membership
                                            Details Form, the default Commitment Term shall commence on the Start Date and end one (1)
                                            full calendar month after the Start Date. This Agreement will continue until terminated in
                                            accordance with this Agreement.

 

	b.	Move
                                            In / Move Out. If the Start Date is a Regular Business Day, you will be entitled to move
                                            into the Office Space no earlier than 11:00 a.m. on the Start Date, provided you have complied
                                            with the payment obligations described in Section 5(a). If the Start Date is not a Regular
                                            Business Day, you will be entitled to move into the Office Space no earlier than 11:00 a.m.
                                            on the first Regular Business Day after the Start Date. On the last Regular Business
                                            Day of the Termination Effective Month (defined below), you must vacate the Office Space
                                            by no later than 4:00 p.m.

 

		c.	Termination
Prior to Start Date by You. In addition to any other remedies we may pursue, terminating this Agreement prior to the Start Date will
result in the immediate forfeiture of the Set-Up Fee and Service Retainer as well as any amounts expended by WeWork at your request to
prepare the Office Space for your use. You remain obligated to pay such amounts in the event you have not paid any portion thereof at
the time of the termination.

 

	d.	Termination
                                            by You. You may terminate this Agreement by providing written notice to us prior to the
                                            month in which you intend to terminate this Agreement (“Termination Effective Month”)
                                            in accordance with the notice periods set forth in the chart below (the “Termination
                                            Notice Period(s)”). The applicable Termination Notice Period shall be determined by
                                            the Commitment Term and Capacity for the relevant Individual Office Number, as depicted in
                                            the chart below, and as displayed on the Membership Details Form. The Termination Notice
                                            Periods shall apply to any termination by you during the Term. After receiving such notice,
                                            we will deliver to you the WeWork Exit Form (“Exit Form”), which you must complete
                                            and submit to us. The termination will be effective on the later of the last Regular Business
                                            Day of the Termination Effective Month and the expiration of the Commitment Term. No termination
                                            by you shall be effective during the Commitment Term (except pursuant to Section 2(c)), and
                                            termination by you during the Commitment Term is a breach of this Agreement. Downgrade of
                                            the Office Space (i.e. transferring to an office space with a lower Capacity) is also not
                                            permitted during the Commitment Term. If you terminate this Agreement prior to the end of
                                            the Commitment Term (or during any relevant Termination Notice Period), your Membership Fee
                                            Obligations shall become immediately due. In addition to any rights, claims and remedies
                                            we choose to pursue in our discretion, your Service Retainer shall be forfeited immediately
                                            as a result of your breach. Notice must be provided during Regular Business Hours.
                                            The Exit Form needs to be completely filled out and signed by the Authorised Signatory;
                                            however, please note that the termination of your Agreement on the last Regular Business
                                            Day of the Termination Effective Month will be triggered upon your provision of written notice
                                            of termination to us, regardless of when you complete and submit the Exit Form. You will
                                            not be entitled to pro ration with respect to the last month’s Membership Fee. For instance,
                                            if you vacate your Office Space before the last Regular Business Day of April, you will still
                                            owe us the full Membership Fee for the full month of April.

 

Member
Company Termination Notice Periods Required:

 

	Commitment
    Term	Capacity
	 	0
    - 24	25
    - 74	75
    +
	1
    - 11 months	1
    month	2
    months	3
    months
	12
    - 23 months	2
    months	3
    months	6
    months
	24
    + months	3
    months	6
    months	6
    months

 

		●	Example:
                                            If the Capacity for the Office Space is between twenty-five (25) and seventy- four (74) Members,
                                            and the Commitment Term is between one (1) and eleven (11) months, the applicable Termination
                                            Notice Period would be two (2) months, and to terminate this Agreement effective the last
                                            Regular Business Day of April (provided that the Commitment Term shall have expired by such
                                            date) the last opportunity to provide notice to us would be during Regular Business Hours
                                            on the last Regular Business Day of February.

 

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	e.	Termination
                                            or Suspension by Us. We may withhold Services or immediately terminate this Agreement:
                                            (i) upon breach of this Agreement by you or any Member; (ii) upon termination, expiration
                                            or material loss of our rights in the Premises; (iii) if any outstanding fees are still due
                                            after we provide notice to you; (iv) if you or any of your Members fail to comply with the
                                            terms and conditions of the WeWork Member Network Terms of Service, our Wireless Network
                                            TermsofServiceavailableat wework.com/legal/wireless-network-terms-of- service,
                                            or any other policies or instructions provided by us or applicable to you; or (v) at any
                                            other time, when we, in our sole discretion, and having given you reasonable notice if appropriate,
                                            consider you are unfit to continue to occupy the Office Space having regard to your conduct
                                            and that of the individuals set forth on your Member List and any feedback received from
                                            other members at the Premises. You will remain liable for past due amounts, and we may exercise
                                            our rights to collect due payment, despite termination or expiration of this Agreement.

 

An
individual Member will no longer receive the Services and is no longer authorized to access the Main Premises or other Premises upon
the earlier of (x) the termination or expiration of this Agreement; (y) your removal of such Member from the Member List or (z) our notice
to you that such Member violated this Agreement. We may withhold or terminate Services of individual Members for any of the foregoing
reasons; in such circumstances this Agreement will continue in full force and effect to the exclusion of the relevant Member.

 

	f.	Service
                                            Retainer. The Service Retainer will be held as a retainer for performance of all your
                                            obligations under this Agreement, including the Membership Fee Obligations, and is not intended
                                            to be a reserve from which fees may be paid. In the event you owe us other fees, you may
                                            not rely on deducting them from the Service Retainer but must pay them separately. Subject
                                            to the complete satisfaction of your obligations under this Agreement, we will return the
                                            Service Retainer, or any balance after deducting outstanding fees and other costs due to
                                            us, including any unsatisfied Membership Fee Obligations, to you by electronic funds transfer
                                            to your nominated account or other method that we communicate to you within thirty (30) days
                                            (or earlier if required by applicable law) after the later of (i) the termination or expiration
                                            of this Agreement, (ii) the date on which you provide to us all account information necessary
                                            for us to make such payment and (iii) your complete performance of all your obligations under
                                            this Agreement, including full satisfaction of your Membership Fee Obligations and any additional
                                            obligations applicable following termination or expiration of this Agreement. The Service
                                            Retainer shall not cause or generate any interest in favor of you, and we have no obligation
                                            to hold the amounts corresponding to the Service Retainer in segregated accounts.

 

	g.	Removal
                                            of Property Upon Termination. Prior to the termination or expiration of this Agreement,
                                            you will remove all of your, your Members’, and your or their guests’ property
                                            from the Office Space and Premises. After providing you with reasonable notice, we will be
                                            entitled to dispose of any property remaining in or on the Office Space or Premises after
                                            the termination or expiration of this Agreement and will not have any obligation to store
                                            such property, and you waive any claims or demands regarding such property or our handling
                                            or disposal of such property. You will be responsible for paying any fees reasonably incurred
                                            by us regarding such removal. We shall have no implied obligation as a bailee or custodian,
                                            and you hereby indemnify us and agree to keep us indemnified in respect of any claims of
                                            any third parties in respect of such property. Following the termination or expiration of
                                            this Agreement, we will not forward or hold mail or other packages delivered to us.

 

	h.	Deregistration
                                            of Registered Address. You may not use an address provided by us as your registered address
                                            unless you have received our prior written consent. If, following the receipt of such written
                                            consent, you are using the Office Space as your registered office, within 28 days of the
                                            entering into, termination or expiration of this Agreement, you shall complete the change
                                            of address procedures with the relevant local authorities, and shall provide to us proof
                                            of such change. For each whole or partial calendar month after such 28-day deadline has elapsed
                                            that you have not completed the change of registered address and provided to us proof of
                                            the same, you agree to pay a percentage of your Membership Fee as follows: for the first
                                            whole or partial calendar month, 50%; for the second calendar month, 100%; for the third
                                            calendar month and each calendar month thereafter, 150%. Such fees may be deducted from your
                                            Service Retainer or separately charged to you, in our sole discretion. In the event that
                                            such fees are insufficient to compensate us for our losses incurred due to your breach under
                                            this Section 5(h), we shall be entitled to recover such excess losses from you.

 

    6

     

    

 

6.
HOUSE RULES

 

In
addition to any rules, policies and/or procedures that are specific to a Premises used by you:

 

a.
You acknowledge and agree that:

 

		i.	keys,
                                            key cards and other such items used to gain physical access to the Premises or the Office
                                            Space remain our property. You will cause your Members to safeguard our property and you
                                            shall promptly notify us and be liable for replacement fees should any such property be lost,
                                            stolen or destroyed;

 

		ii.	you
                                            shall promptly notify us of any change to your contact and/or payment information;

 

		iii.	we
                                            will provide notice to you of any changes to Services, fees, or other updates via email.
                                            Your continued participation as a Member Company constitutes your acceptance of, and agreement
                                            to, any such changes. It is your responsibility to read such emails and to ensure your Members
                                            are aware of any changes, regardless of whether we notify such Members directly;

 

		iv.	carts,
                                            dollies and other freight items which may be made available may not be used in the passenger
                                            elevator except at our discretion;

 

		v.	for
                                            security reasons, we may, but have no obligation to, regularly record certain areas in the
                                            Premises via video;

 

		vi.	all
of your Members are at least 18 years of age;

 

		vii.	you
                                            shall be solely and fully responsible for ensuring that alcohol is consumed responsibly by
                                            your individual Members and that no alcohol is consumed by any of your Members or guests
                                            who is younger than the legal age for consuming alcohol in the applicable jurisdiction;

 

		viii.	common
                                            spaces are to be enjoyed by all our member companies, members and guests unless otherwise
                                            instructed by us, and are for temporary use and not as a place for continuous, everyday work;

 

		ix.	you
                                            will provide us with reasonable notice of and complete all required paperwork prior to hosting
                                            any event at the Premises;

 

		x.	you
                                            will be responsible for any damage to your Office Space other than normal wear and tear;

 

		xi.	you
                                            will be responsible for replacement fees for any item(s) provided to you by the WeWork community
                                            team for temporary use should any such property be lost, stolen or destroyed;

 

		xii.	we
                                            are not liable for any mail or packages received without a WeWork employee’s signature
                                            indicating acceptance;

 

		xiii.	you
                                            may not make any structural or nonstructural alterations or installations (including, but
                                            not limited to, wall attachments, furniture, IT equipment, and/or glass paneling) in the
                                            Office Space or elsewhere in the Premises without prior approval by us. In the event that
                                            any alterations or installations are made, you shall be responsible for the full cost and
                                            expense of the alteration or installation and, prior to the termination of this Agreement,
                                            the removal of such items and the restoration necessitated by any such alterations, and we
                                            shall deduct any such costs not otherwise paid by you from the Service Retainer. In no event
                                            are you permitted to perform any of these actions. Only a member of our facilities staff
                                            is entitled to perform an alteration, installation, removal or restoration. Reach out to
                                            a member of your community team for more information;

 

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		xiv.	by
                                            entering into this Agreement, you consent to, and represent and warrant that you have complied
                                            with the relevant Australian laws including the Privacy Act 1988 (Cth) for the collection,
                                            disclosure, transfer and display of any Member data or information on WeWork’s Internetconnection,networks,
                                            telecommunication systems and information processing systems (including any stored computer
                                            files, email messages and voice messages);

 

		xv.	you
                                            and your Members’ computers, tablets, mobile devices and other electronic equipment
                                            must be (a) kept up-to-date with the latest software updates provided by the software vendor
                                            and (b) kept clean of any malware, viruses, spyware, worms, Trojans, or anything that is
                                            designed to perform malicious, hostile and/or intrusive operations. We reserve the right
                                            to remove any device from our networks that poses a threat to our networks or users until
                                            the threat is remediated;

 

		xvi.	you
                                            consent to our non-exclusive, non- transferable use of your Member Company name and/or logo
                                            in connection with identifying you as a member company of WeWork, alongside those of other
                                            member companies, on a public-facing “Membership” display on our website, as
                                            well as in video and other marketing materials. You warrant that your logo does not infringe
                                            upon the rights of any third party and that you have full authority to provide this consent.
                                            You may terminate this consent at any time upon thirty (30) days’ prior notice; and

 

		xvii.	if
                                            you are using the Office Space as your registered office, you will display the name of the
                                            entity in your office in a manner we agree, with the words “registered office”
                                            if you are a public company and otherwise as required by relevant rules and regulations as
                                            may be communicated to you.

 

b.
No Member will:

 

		i.	perform
                                            any activity or cause or permit anything that is reasonably likely to be disruptive or dangerous
                                            to us or any other member companies, or our or their employees, guests or property, including
                                            the Office Space or the Premises;

 

		ii.	use
                                            the Services, the Premises or the Office Space to conduct or pursue any illegal or offensive
                                            activities or comport themselves to the community in a similar manner; all Members shall
                                            act in a respectful manner towards other member companies and our and their employees and
                                            guests;

 

		iii.	misrepresent
                                            himself or herself to the WeWork community, either in person or on the WeWork Member Network;

 

		iv.	take,
                                            copy or use any information or intellectual property belonging to other member companies
                                            or their members or guests, including any confidential or proprietary information, personal
                                            names, likenesses, voices, business names, trademarks, service marks, logos, trade dress,
                                            other identifiers or other intellectual property, or modified or altered versions of the
                                            same, and this provision will survive termination of this Agreement;

 

		v.	take,
                                            copy or use for any purpose (a) the name “We”, “WeWork” or any of
                                            our other business names, trademarks, service marks, logos, designs, copyrights, patents,
                                            trade secrets, trade dress, marketing material, other identifiers or other intellectual property
                                            (“Intellectual Property”); (b) any derivations, modifications or similar versions
                                            of the same; or (c) any photographs or illustrations of any portion of a Premises, for any
                                            purpose, including competitive purposes, without our prior consent, provided that during
                                            the term of this Agreement you will be able to use “WeWork” in plain text to
                                            accurately identify an address or office location. You acknowledge that WeWork owns all right,
                                            title and interest in and to its Intellectual Property. You may not file for ownership rights
                                            of any of our Intellectual Property with any governmental authority or use our Intellectual
                                            Property in any advertising, including domain names, social media handles, or any form of
                                            media invented in the future. You may not, directly or indirectly, interfere with or object
                                            to, in any manner, our ownership rights or the use of our Intellectual Property or engage
                                            in any conduct that is likely to cause confusion between WeWork and yourself, without our
                                            prior consent, and this provision will survive termination of this Agreement;

 

		vi.	film
                                            within any Premises, including within the Office Space, without completing all required paperwork
                                            and receiving express written consent from WeWork;

 

		vii.	use
                                            the Office Space in a retail, medical, or other capacity involving frequent visits by members
                                            of the public, as a residential or living space or for any exclusively non-business purpose;

 

		viii.	use
                                            our mail and deliveries services for fraudulent or unlawful purposes, and we shall not be
                                            liable for any such use;

 

		ix.	store
                                            signification amounts of currency or other valuable goods or commodities in the Office Space
                                            that are not commonly kept in commercial offices; in the event that you do so, we will not
                                            be liable for any such loss;

 

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		x.	make
                                            any copies of any keys, keycards or other means of entry to the Office Space or the Premises
                                            or lend, share or transfer any keys or keycards to any third party, unless authorised by
                                            us in advance;

 

		xi.	install
                                            any locks to access the Office Space or anywhere within the Premises, unless authorised by
                                            us in advance;

 

		xii.	allow
                                            any guest(s) to enter the building without registering such guest(s) and performing any additional
                                            required steps according to our policies;

 

		xiii.	operate
                                            any equipment within the Premises that has higher heat output or electrical consumption than
                                            in a typical personal office environment, or places excessive strain on our electrical, IT,
                                            HVAC or structural systems, with such determination to be made in our sole discretion, without
                                            our prior approval; or

 

		xiv.	bring
                                            any weapons of any kind, or any other offensive, dangerous, hazardous, inflammable or explosive
                                            materials into the Office Space or the Premises.

 

You
are responsible for ensuring your Members comply with all House Rules set out in this Section 6 and with all rules, policies and/or procedures
that are specific to a Premises used by you, and agree that in the event of any penalty or fine resulting from the breach of any such
rules, policies and/or procedures, you will be responsible for paying such penalty or fine.

 

7.
ADDITIONAL AGREEMENTS

 

	a.	Information
                                            Technology. We do not make any representation or warranty as to the security of our network.
                                            We cannot guarantee a particular degree of availability will be achieved in connection with
                                            your use of our network. In order to utilize the printers, you will need to install the appropriate
                                            printer drivers onto your computer. In addition, you may request that we troubleshoot problems
                                            you may have with respect to printing, the Internet connection or other issues. If we provide
                                            such services, we will not be responsible for any damage to your equipment provided that
                                            we have not acted negligently.

 

	b.	Network
                                            Connection. WeWork provides shared Internet access to Members via a wireless or wired
                                            network connection. For those Members wishing to implement a private wired network, WeWork
                                            may allow you to install a firewall device for your exclusive access and use, subject to
                                            WeWork IT approval, and you will be responsible for removal of the same. Prior to any such
                                            installation or removal, you shall coordinate with the WeWork IT team to discuss the actual
                                            setup, appropriate time, manner and means for such installation or removal and any additional
                                            fees that may result from the request. To the extent that we incur any costs in connection
                                            with such installation or removal, which are not otherwise paid by you, we shall deduct such
                                            costs from the Service Retainer. You shall also be responsible for any monthly fees incurred
                                            relating to your private, secured wired network.

 

	c.	Waiver
                                            of Claims. To the extent permitted by law, you, on your own behalf and on behalf of your
                                            Members, employees, agents, guests and invitees, waive any and all claims and rights against
                                            us and our affiliates, parents, and successors and each of our and their employees, assignees,
                                            officers, agents and directors (collectively, the “WeWork Parties”) and our landlords
                                            at the Premises resulting from injury or damage to, or destruction, theft, or loss of, any
                                            property, person or pet, except to the extent caused by the gross negligence, willful misconduct
                                            or fraud of the WeWork Parties.

 

	d.	Limitation
                                            of Liability. To the extent permitted by law, the aggregate monetary liability of any
                                            of the WeWork Parties to you or your Members, employees, agents, guests, invitees or third
                                            party for any reason and for all causes of action arising under this Agreement, will not
                                            exceed the total Membership Fees paid by you to us under this Agreement in the twelve (12)
                                            months prior to the claim arising. To the extent permitted by applicable law, none of the
                                            WeWork Parties will be liable under any cause of action, for any indirect, exemplary, special,
                                            incidental, consequential, reliance or punitive damages, or any loss of profits or business
                                            interruption regardless of the form of action, whether in contract, tort or otherwise. To
                                            the extent permitted by applicable law, you acknowledge and agree that you may not commence
                                            any action or proceeding against any of the WeWork Parties, whether in contract, tort, or
                                            otherwise, unless the action, suit, or proceeding is commenced within one (1) year of the
                                            cause of action’s accrual. Notwithstanding anything contained in this Agreement to
                                            the contrary, you acknowledge and agree that you shall not commence any action or proceeding
                                            against any of the WeWork Parties other than the WeWork Party you are directly contracting
                                            with hereunder and the assets of such entity for any amounts due or for the performance of
                                            any obligations in connection with this Agreement.

 

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	e.	Indemnification.
                                            You will indemnify the WeWork Parties from and against any and all claims, including
                                            third party claims, liabilities, and expenses including reasonable attorneys’ fees
                                            on a full indemnity basis, resulting from any breach or alleged breach of this Agreement
                                            by you or your Members or your or their guests, invitees or pets or any of your or their
                                            actions or omissions to the maximum extent allowed under applicable law, except to the extent
                                            a claim results from the gross negligence, willful misconduct or fraud of the WeWork Parties.
                                            You are responsible for the actions of and all damages caused by all persons and pets that
                                            you, your Members or your or their guests invite to enter any of the Premises, including
                                            but not limited to any vendors hired by you that enter the Premises. You shall not make any
                                            settlement that requires a materially adverse act or admission by us or imposes any obligation
                                            upon any of the WeWork Parties unless you have first obtained our or the relevant WeWork
                                            Party’s written consent. None of the WeWork Parties shall be liable for any obligations
                                            arising out of a settlement made without its prior written consent.

 

	f.	Insurance.
                                            You are responsible for maintaining, at your own expense and at all times during the
                                            Term, personal property insurance and commercial general liability insurance covering you
                                            and your Members for property loss and damage, injury to your Members and your Members’
                                            guests or pets and prevention of or denial of use of or access to, all or part of the Premises,
                                            in form and amount appropriate to your business. In addition, you are responsible for maintaining,
                                            at your own expense and at all times during the Term, workers’ compensation insurance
                                            providing statutory benefits in accordance with the law and employer’s liability in
                                            an amount appropriate to your business. You will ensure that WeWork and the Landlord shall
                                            each be named as additional insureds on your commercial general liability policy and that
                                            all insurance policies shall include a clause stating that the insurer waives all rights
                                            of recovery, under subrogation or otherwise, you may have against WeWork and the Landlord.
                                            You shall provide proof of insurance upon our request.

 

	g.	Pets.
                                            If the Office Space is in Premises designated by us to be one in which pets are permitted,
                                            and if any Member plans on regularly bringing a pet into the Office Space or otherwise into
                                            the Premises, we may require this Member to produce proof of vaccination for such pet in
                                            a form satisfactory to us and evidence of compliance with applicable local regulations. If
                                            any of your Members brings a pet into the Premises, you will be responsible for any injury
                                            or damage caused by this pet to other members or guests or other occupants of the Premises
                                            or to the property of (i) WeWork or any employees, members or guests or (ii) the owner(s)
                                            or other occupants of the Premises. None of the WeWork Parties will be responsible for any
                                            injury to such pets. We reserve the right to restrict any Member’s right to bring a
                                            pet into the Premises in our sole discretion.

 

		h.	Other
Members. We do not control and are not responsible for the actions of other Member Companies, members, or any other third parties.
If a dispute arises between Member Companies, members or their invitees or guests, we shall have no responsibility or obligation to participate,
mediate or indemnify any party.

 

	i.	Third
                                            Party Services. Services do not include, and we are not involved in or liable for, the
                                            provision of products or services by third parties (“Third Party Services”) that
                                            you may elect to purchase in connection with your Membership, including via the WeWork Services
                                            Store, even if they appear on your WeWork invoice. Third Party Services are provided solely
                                            by the applicable third party (“Third Party Service Providers”) and pursuant
                                            to separate arrangements between you and the applicable Third- Party Service Providers. These
                                            Third-Party Service Providers’ terms and conditions will control with respect to the
                                            relevant Third-Party Services. By adding a Member to the Member List, you are thereby authorizing
                                            that Member to access and use the WeWork Services Store in accordance with the terms of service
                                            available on our website.

 

	j.	Privacy.
                                            We collect, process, transfer and secure personal data about you and your Members pursuant
                                            to the terms of our Privacy Policy, which can be found on our website (www.wework.com/legal/privacy),
                                            and in accordance with all applicable data protection laws. Note that you are not obligated
                                            to provide us with personal information and any information collected by us will be provided
                                            by you at your own will and with your explicit consent granted herein by execution of this
                                            Agreement. You hereby (i) undertake, where necessary, to obtain consent from such Member
                                            to the collection, processing, transferring and securing of data described herein and (ii)
                                            confirm that you in fact collect and process such Member’s personal data in accordance
                                            with applicable law.

 

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8.
ARBITRATION AND CLASS ACTION WAIVER

 

	a.	Governing
                                            Law. This Agreement and the transactions contemplated hereby shall be governed by and
                                            construed under the law of the State of New South Wales, Australia without regard to conflicts
                                            of laws provisions thereof and without regard to the United Nations Convention on Contracts
                                            for the International Sale of Goods.

 

	b.	Venue.
                                            Except that either party may seek equitable or similar relief from any court of competent
                                            jurisdiction, any dispute, controversy or claim arising out of or in relation to this Agreement,
                                            or at law, or the existence, breach, termination or invalidity of this Agreement, that cannot
                                            be settled amicably by agreement of the parties to this Agreement shall be finally settled
                                            by arbitration in accordance with the ACICA Arbitration Rules. The seat of arbitration shall
                                            be Sydney, Australia. The language of the arbitration shall be English. The number of arbitrators
                                            shall be one.

 

	c.	Proceedings;
                                            Judgment. The proceedings shall be confidential. The award rendered shall be final and
                                            binding on both parties. Judgment on the award may be entered in any court of competent jurisdiction.
                                            In any action, suit or proceeding to enforce rights under this Agreement, the prevailing
                                            party shall be entitled to recover, in addition to any other relief awarded, the prevailing
                                            party’s reasonable attorneys’ fees and other fees, costs and expenses of every
                                            kind in connection with the action, suit or proceeding, any appeal or petition for review,
                                            the collection of any award or the enforcement of any order, as determined by the arbitrator(s)
                                            or court, as applicable. This Agreement shall be interpreted and construed in the English
                                            language, which is the language of the official text of this Agreement.

 

	d.	Class
                                            Action Waiver. Any proceeding to resolve or litigate any dispute in any forum will be
                                            conducted solely on an individual basis. Neither you nor we will seek to have any dispute
                                            heard as a class action or in any other proceeding in which either party acts or proposes
                                            to act in a representative capacity. No proceeding will be combined with another without
                                            the prior written consent of all parties to all affected proceedings. You also agree not
                                            to participate in claims brought in a private attorney general or representative capacity,
                                            or any consolidated claims involving another person’s account, if we are a party to the proceeding.
                                            YOU ARE GIVING UP YOUR RIGHT TO PARTICIPATE AS A CLASS REPRESENTATIVE OR CLASS MEMBER ON
                                            ANY CLASS CLAIM YOU MAY HAVE AGAINST US INCLUDING ANY RIGHT TO CLASS ARBITRATION OR ANY CONSOLIDATION
                                            OF INDIVIDUAL ARBITRATIONS.

 

9.
MISCELLANEOUS

 

	a.	Nature
                                            of the Agreement; Relationship of the Parties. The whole of the Premises and Office Space
                                            remains in our possession and control. Your agreement with us is a contract for the provision
                                            of services and we are giving you the right to share with us the use of the Office Space
                                            so that we can provide the Services to you. Notwithstanding anything in this Agreement to
                                            the contrary, you and we agree that our relationship is not that of landlord-tenant or lessor-lessee
                                            and this Agreement in no way shall be construed as to grant you or any Member any title,
                                            easement, lien, possession or related rights in our business, the Premises, the Main Premises,
                                            the Office Space or anything contained in or on the Premises, the Main Premises or Office
                                            Space. This Agreement creates no tenancy interest, leasehold estate, or other real property
                                            interest. The parties hereto shall each be independent contractors in the performance of
                                            their obligations under this Agreement, and this Agreement shall not be deemed to create
                                            a fiduciary or agency relationship, or partnership or joint venture, for any purpose.
                                            You acknowledge and agree that you are entering into this Agreement for the purpose of and
                                            in the course of your trade, business and/or profession, and not as a consumer. Neither party
                                            will in any way misrepresent our relationship.

 

	b.	Updates
                                            to the Agreement. Changes to membership and overage fees, will be governed by Section
                                            4(b) and 4(d) of this Agreement, respectively. We may from time to time update this Agreement
                                            and will provide notice to you of these updates. You will be deemed to have accepted the
                                            new terms of the Agreement following the completion of two (2) full calendar months after
                                            the date of notice of the update(s). Continued use of the Office Space or Services beyond
                                            this time will constitute acceptance of the new terms.

 

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	c.	Waiver.
                                            Neither party shall be deemed by any act or omission to have waived any of its rights
                                            or remedies hereunder unless such waiver is in writing and signed by the waiving party.

 

	d.	Subordination.
                                            This Agreement is subject and subordinate to our Lease and to any supplemental documentation
                                            and to any other agreements to which our Lease is subject or subordinate. However, the foregoing
                                            does not imply any sublease or other similar relationship involving an interest in real property.

 

	e.	Extraordinary
                                            Events. WeWork will not be liable for, and will not be considered in default or breach
                                            of this Agreement on account of, any delay or failure to perform as required by this Agreement
                                            as a result of any causes or conditions that are beyond WeWork’s reasonable control,
                                            including without limitation (i) any delays or changes in construction of, or WeWork’s
                                            ability to procure any space in, any Premises, and (ii) any delays or failure to perform
                                            caused by conditions under the control of our Landlord.

 

	f.	Severable
                                            Provisions. Each provision of this Agreement shall be considered severable. To the extent
                                            that any provision of this Agreement (or part thereof) is prohibited or otherwise limited,
                                            void or unenforceable, such provision (or part thereof) shall be severed to the extent that
                                            it is prohibited, void or unenforceable. The validity and enforceability of the remaining
                                            provisions of this Agreement shall not be affected.

 

	g.	Survival.
                                            Sections 1, 2(b), 4 (to the extent any payments remain outstanding), 5(d), 5(f), 5(g),
                                            6(b), 7(a) through 7(f), 7(h), 8, and 9 and all other provisions of this Agreement reasonably
                                            expected to survive the termination or expiration of this Agreement will do so.

 

	h.	Notices.
                                            Any and all notices under this Agreement will be given via email and will be effective
                                            on the first Regular Business Day after being sent, unless the sending party is notified
                                            that the email address is invalid. All notices will be sent via email to the email addresses
                                            specified on the Membership Details Form, except as otherwise provided in this Agreement.
                                            WeWork may send notices to either (or both) the Primary Member or the Authorised Signatory,
                                            as WeWork determines in its reasonable discretion. Notices related to the physical Office
                                            Space, Premises, members, other member companies or other issues in the Premises should be
                                            sent by the Primary Member. Notices related to this Agreement or the business relationship
                                            between you and WeWork should be sent by your Authorised Signatory. In the event that we
                                            receive multiple notices from different individuals within your company containing inconsistent
                                            instructions, the Authorised Signatory’s notice will control unless we decide otherwise
                                            in our reasonable discretion.

 

	i.	Headings;
                                            Interpretation. The headings in this Agreement are for convenience only and are not to
                                            be used to interpret or construe any provision of this Agreement. Any use of “including,”
                                            “for example” or “such as” in this Agreement shall be read as being
                                            followed by “without limitation” where appropriate. References to any times of
                                            day in this Agreement refer to the time of day in the Office Space’s time zone.

 

	j.	No
                                            Assignment. Except in connection with a merger, acquisition, corporate reorganization,
                                            or sale of all or substantially all of the shares or assets of you or your parent corporation,
                                            you may not transfer or otherwise assign any of your rights or obligations under this Agreement
                                            (including by operation of law) without our prior written consent. We may assign this Agreement
                                            without your consent and upon our request, you will promptly enter into any documents as
                                            are reasonably required to give effect to our assignment under this section.

 

	k.	No
                                            Representation. Each party acknowledges and represents to the other party that it has
                                            not relied on or been induced to enter into this Agreement by any representation made by
                                            any person (whether or not a party to this Agreement) which is not expressly set out in this
                                            Agreement.

 

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	l.	Sanctions.
                                            You hereby represent and warrant that (i) during the term of this Agreement you and your
                                            Members, will comply with all applicable U.S. and non-U.S. economic sanctions and export
                                            control laws and regulations, including but not limited to the economic sanctions regulations
                                            implemented under statutory authority and/or Executive Orders and administered by the U.S.
                                            Treasury Department’s Office of Foreign Assets Control (“OFAC”) (31 C.F.R.
                                            Part 500 et seq.), the U.S. Commerce Department’s Export Administration Regulations
                                            (15 C.F.R. Part 730 et seq.), the economic sanctions rules and regulations of the European
                                            Council, United Kingdom, and EU Member States, and EU’s Dual-use Regulation 428/2009
                                            (collectively, “Trade Control Laws”); (ii) neither you nor any of your Members,
                                            subsidiaries or affiliates, nor directors or officers is (a) a citizen or resident of, an
                                            entity organized under the laws of, or otherwise located in, a country subject to comprehensive
                                            territorial sanctions maintained by OFAC (hereinafter referred to as “Sanctioned Countries”),
                                            (b) identified on U.S. Government restricted party lists including the Specially Designated
                                            Nationals List and Foreign Sanctions Evaders List administered by OFAC; the Denied Parties
                                            List, Unverified List or Entity List maintained by the U.S. Commerce Department Bureau of
                                            Industry and Security; or the List of Statutorily Debarred Parties maintained by the U.S.
                                            State Department Directorate of Defense Trade Controls, (c) a listed person or entity on
                                            the Consolidated List of persons and entities subject to asset-freezing measures or other
                                            sanctions maintained by the European Union, and by the Member States of the European Union,
                                            or (d) a person or entity subject to asset-freezing measures or other sanctions maintained
                                            by the United Kingdom’s HM Treasury (collectively referred to herein as “Restricted
                                            Parties”); (iii) neither you nor any of your Members, subsidiaries and/or affiliates
                                            are 50% or more owned, individually or in the aggregate, directly or indirectly by one or
                                            more Restricted Parties or otherwise controlled by Restricted Parties; (iv) less than 10%
                                            of your total annual revenues are, and will continue to be for the duration of the Agreement,
                                            generated from activities involving, directly or indirectly, one or more of the Sanctioned
                                            Countries; and (v) neither you nor any of your Members will, at any time during the Term,
                                            engage in any activity under this Agreement, including the use of Services provided by WeWork
                                            in connection with this Agreement, that violates applicable Trade Control Laws or causes
                                            WeWork to be in violation of such Trade Control Laws.

 

	m.	Anti-Money
                                            Laundering. You hereby represent and warrant that at all times you and your Members have
                                            conducted and will conduct your operations in accordance with all laws that prohibit commercial
                                            or public bribery and money laundering (the “Anti- Money Laundering Laws”), and
                                            that all funds which you will use to comply with your payments obligations under this Agreement
                                            will be derived from legal sources, pursuant to the provisions of Anti-Money Laundering Laws.
                                            You will provide us with all information and documents that we from time to time may request
                                            in order to comply with all Anti-Money Laundering Laws.

 

	n.	Anti-Corruption
                                            Laws. Neither you nor any of your Members, your directors, officers, employees, agents,
                                            subcontractors, representatives or anyone acting on your behalf, (i) has, directly or indirectly,
                                            offered, paid, given, promised, or authorized the payment of any money, gift or anything
                                            of value to: (A) any Government Official or any commercial party, (B) any person while knowing
                                            or having reason to know that all or a portion of such money, gift or thing of value will
                                            be offered, paid or given, directly or indirectly, to any Government Official or any commercial
                                            party, or (C) any employee or representative of WeWork for the purpose of (1) influencing
                                            an act or decision of the Government Official or commercial party in his or her official
                                            capacity, (2) inducing the Government Official or commercial party to do or omit to do any
                                            act in violation of the lawful duty of such official, (3) securing an improper advantage
                                            or (4) securing the execution of this Agreement, (ii) will authorize or make any payments
                                            or gifts or any offers or promises of payments or gifts of any kind, directly or indirectly,
                                            in connection with this Agreement, the Services or the Office Space. For purposes this section,
                                            “Government Official” means any officer, employee or person acting in an official
                                            capacity for any government agency or instrumentality, including state-owned or controlled
                                            companies, and public international organizations, as well as a political party or official
                                            thereof or candidate for political office.

 

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	o.	Compliance
                                            with Laws. You hereby represent and warrant that at all times you and your Members have
                                            conducted and will conduct your operations ethically and in accordance with all applicable
                                            laws. You are responsible for compliance with any regulations and rules relating to worker
                                            protection, workplace regulations and associated assessments and WeWork shall have no liability
                                            in this respect.

 

	p.	Brokers.
                                            Except as may be provided for through the WeWork broker referral program, you hereby
                                            represent and warrant that you have not used a broker or realtor in connection with the membership
                                            transaction covered by this Agreement. If you seek to terminate this Agreement or cease to
                                            pay your monthly Membership Fee except as otherwise explicitly permitted herein (each, an
                                            “Early Exit”), within fifteen (15) days of doing so, you shall reimburse WeWork
                                            for any fees previously paid by WeWork to a broker or realtor corresponding to the period
                                            following such Early Exit. You hereby indemnify and hold us harmless against any claims arising
                                            from the breach of any warranty or representation of this paragraph.

 

	q.	Counterparts
                                            and Electronic Signature. This Agreement may be executed in any number of counterparts
                                            by either handwritten orelectronic signature, each of which when executed shall constitute
                                            a duplicate original, but all the counterparts shall together constitute the one agreement,
                                            and each of which counterparts may be delivered by emailing the other party to this Agreement
                                            signed scanned document or electronically signed portable document format (pdf) version of
                                            the contract (as applicable). Each party agrees to the execution of this Agreement in this
                                            manner, and the parties acknowledge that execution in this manner creates a binding contract
                                            between the parties on the Effective Date.

 

	r.	Taxes.
                                            Any reference in this clause to a term defined or used in A New Tax System (Goods and
                                            Services Tax) Act 1999 (Cth) is a reference to that term as defined or used in the Act. All
                                            fees, charges and other sums payable under this Agreement is exclusive of GST. If GST is
                                            imposed on any supply made under this agreement, the recipient of the taxable supply will
                                            pay the supplier an additional amount equal to the GST payable on or for the supply. If any
                                            other taxes are imposed or levied in connection with this agreement, you will pay to WeWork
                                            the amount of such taxes.

 

	s.	Entire
                                            Agreement. This Agreement constitutes the entire agreement between the parties relating
                                            to the subject matter hereof and shall not be changed in any manner except by a writing executed
                                            by both parties or as otherwise permitted herein. All prior agreements and understandings
                                            between the parties regarding the matters described herein have merged into this Agreement.

 

 

14Exhibit 10.21

 

	
    COMMERCIAL LEASE

    (Office space only)

 

BETWEEN THE UNDERSIGNED :

 

The SCI CIPAV RC, (Real Estate Civil Company)
with a share capital of 50 000 €, whose registered office is located at 9 rue de Vienne in Paris 8ème
registered at the R.C.S of Paris number 907 608 103, represented by the Caisse Interprofessionnelle de prévoyance et d’assurance
Vieillesse (CIPAV), itself represented by Mrs. Lise GUIBÉ, Head of the Real Estate Department, duly authorized for the
purpose of the present;

 

		Hereinafter referred to as the

“Lessor

 

ON THE ONE HAND

 

AND:

 

The company NEAR, (Société
par actions simplifiée) with a capital of 61 650,88 euros, whose head office is located at 39 rue Godot de Mauroy, 75009 PARIS,
registered at the Registre des Commerces et des Sociétés de Paris under the number 805 138 153, represented by Mr. AGARWAL
Rahul, duly authorized for the purpose of the present;

 

Hereinafter referred to as the

“Tenant

 

ON THE OTHER HAND

 

Together referred to as the
“Parties” or separately as the

 “Party”.

 

 

 

 

     

     

    

 

SUMMARY

 

	I / GENERAL CONDITIONS	1
	Preliminary Article - Application of the Commercial Lease Statute	1
	Article 1: Designation	1
	Article 2: Duration	2
	Article 3 : Entry into possession, state of the rented premises	2
	 	3.1	Taking possession of the rented premises 	2
	 	3.2	Inventory of fixtures at the entrance 	2
	Article 4: Destination	3
	Article 5: Rent	4
	 	5.1	Amount 	4
	 	5.2	Eligibility 	4
	 	5.3	Indexing 	5
	 	5.4	Terms of payment of the Rent and its accessories 	5
	 	5.5	Payment allocation 	5
	 	5.6	Tax on Rent 	6
	 	5.7	Setting rents on renewals 	6
	Article 6: Security deposit	6
	Article 7: Taxes	7
	Article 8: Charges	8
	 	8.1	Definition 	8
	 	8.2	Terms of payment of charges 	9
	Article 9: Rental conditions	10
	 	9.1	Use of the Leased Premises by the Tenant 	10
	 	9.2	Maintenance and operation of the Leased Premises by the Tenant 	11
	 	9.3	Authorizations and compliance with regulations concerning the Rented Premises 	11
	 	9.4	Maintenance, work, repairs 	12
	 	9.5	Tenant’s work 	13
	 	9.6	Work of the Lessor 	15
	Article 10: Special requirements	16
	 	10.1	Respect for the neighborhood 	16
	 	10.2	Fluids - Network subscriptions 	17
	 	10.3	Various 	17
	 	10.4	Parking spaces 	17
	 	10.5	Badges 	17
	 	10.6	Blinds, Signs and Antennas 	18
	 	10.7	Access and visit of the Rented Premises 	18
	Article 11: Sub-letting, domiciliation, transfer, right of pre-emption of the Tenant	18
	 	11.1	Subletting and domiciliation 	18
	 	11.2	Transfer 	18
	 	11.3	Tenant’s right of pre-emption	19
	Article 12: Insurance	20
	 	12.1	Lessor’s Insurance 	20
	 	12.2	Lessee’s Insurance 	20
	 	12.3	Waiver of recourse 	20
	Article 13 Liability, claims	20
	Article 14 Destruction of the Rented Premises	21
	Article 15 Collective proceedings	21
	Article 16: Return of the Rented Premises	22
	 	16.1	Acquired 	22
	 	16.2	State of restitution 	22

 

 

    Page i

     

    

 

	 	16.3 	Accession	22
	 	16.4	Pre-appraisal - Quote	22
	 	16.5	Capital cost allowance	22
	Article 17: Tolerance	23
	Article 18: Resolutive clause, sanctions	24
	Article 19: Environment	24
	 	19.1	Work and respect for the environment	24
	 	19.2	State of risks and pollution	25
	 	19.3	Energy Performance Diagnosis	25
	 	19.4	Asbestos Technical Diagnosis	25
	Article 20 Statements of Work Performed by the Lessor	25
	Article 21 Amendments - Tolerances - Severability - Confidentiality - Conditions of formation of the contract - Unforeseeable	26
	Article 22 Fees	27
	Article 23 Election of domicile	27
	SPECIFIC CONDITIONS	28
	Article 1:	Designation of the Rented Premises	28
	Article 2:	Commencement and duration of the Lease	28
	Article 3 :	Destination of the Rented Premises	28
	Article 4:	Rent	28
	Article 5:	Tax system	28
	Article 6:	Indexing	29
	Article 7:	Security deposit	29
	Article 8:	GAPD	29
	Article 9:	Distribution of charges	30
	Article 10:	Waiver of the General Conditions	30
	 	10.1	Security deposit	30
	 	10.2 	Maintenance, work, repairs	30
	 	10.3 	Subletting and domiciliation	31

 

 

 

    Page ii

     

    

 

THE FOLLOWING HAS BEEN STATED AND
AGREED:

 

This deed shall be divided into two parts which form an
indivisible whole: Part I:

 

General Conditions

Part Two: Special Conditions

 

It being specified that in case of contradiction
between the two parties, the Special Conditions shall prevail over the General Conditions.

 

I / GENERAL CONDITIONS

 

Preliminary Article - Application of the status of commercial leases

 

The Landlord leases and gives
rent (hereinafter the “Lease”) to the Tenant who accepts, within the framework of the provisions of Chapter V of Title
IV of Book I of the Commercial Code as amended by Law No. 2014-626 of June 18, 2014 and the provisions of Decree No. 53-960 of September
30, 1953 and No. 2014-1317 of November 3, 2014 , as well as under the ordinary and de jure charges and conditions and under the general
and particular ones hereinafter set forth, the premises hereinafter designated, of which the Landlord owns.

 

It is agreed that the Parties
intend to give full legal effect to the clauses of the Lease that would derogate from the provisions of Articles L.145-1 et seq. and R.145-1
et seq. of the French Commercial Code, insofar as these provisions are not of public order.

 

This clause is determinative of their
will.

 

Article 1: Designation

 

The premises which are the subject
of the Lease (the “Leased Premises”), are located in a building situated at the address designated in Article 1 of the
Special Conditions (the “Building”) and are also designated in Article 1 of the Special Conditions, as the Leased Premises
exist, continue and comprise, without need for further designation at the request of the Lessee who declares to be fully aware of them
having seen and visited them for the purpose of this Agreement and to have found them to be in conformity with their purpose.

 

It is hereby specified that
any differences in the designation or in the surface areas possibly mentioned, or those resulting from the annexed plan (Appendix 1)
shall not justify any increase or reduction in the rent hereinafter fixed, the Parties referring to the consistency and condition of the
Rented Premises as they are composed.

 

The Parties agree that the Leased
Premises form a single and indivisible whole.

 

 

 

    Page 1 of 34

     

    

 

Article 2: Duration

 

The Lease is granted and accepted
for a term of nine full and consecutive years from the effective date as defined in Article 2 of the Special Conditions.

 

In accordance with the provisions
of article L.145-4 of the Commercial Code, the Tenant shall have the option of giving notice of termination for the expiration of each
three-year period. The Lessor shall have the same right if he intends to invoke the provisions of articles L.145- 18, L.145-21, L.145-23.1
and L.145-24 in order to build, rebuild or raise the existing Building, to reassign the ancillary living quarters to this use or to carry
out work prescribed or authorized within the framework of a real estate restoration operation and in the event of the demolition of the
Building within the framework of an urban renewal project

 

The Party wishing to terminate the Lease
in one or other of the cases provided for above shall give notice to the other Party before the expiration of the current three-year
period, in the forms, conditions and time limits provided for in Articles L.145-4 et seq. of the French Commercial Code or in any other
legislation that may be subsequently substituted for it.

 

In the event that the Lease
is terminated for any reason whatsoever before the end of the three-year period, the Tenant irrevocably undertakes to pay the Landlord
a sum equivalent to the rents and charges and incidentals remaining until the end of said period.

 

Article 3 : Entry into possession,
state of the rented premises

 

3.1 Taking possession of the rented premises

 

The Tenant shall take possession
of the Leased Premises in the state in which they are on the day the Lease takes effect, as set forth in Article 2 of the Special Conditions,
without being able to require from the Landlord any additional work, any modification, addition, repair or transformation whatsoever,
even if they are made necessary by the unsuitability of the Leased Premises for the intended activity, by obsolescence or by hidden defects.

 

The keys of the Rented Premises
shall be given to the Tenant after the inventory of fixtures referred to below has been established.

 

3.2 Inventory of fixtures

 

An inventory of fixtures shall
be drawn up by both parties between the Lessor or its agent and the Tenant at the latest on the day the Lease takes effect, prior to the
handing over of the keys to the Tenant. This inventory of fixtures shall serve as a basis for the assessment of the inventory of fixtures
at the end of the lease.

 

However, at the request of one
and/or the other of the Parties as well as in the event of absence of one or the other of the Parties or of refusal of one of the Parties
to sign the inventory of fixtures, it will be carried out by a judicial officer, at the expenses shared by half or at the exclusive expenses
of the defaulting Party.

 

If the Tenant fails to draw up
an inventory of fixtures at the time of entry, notwithstanding the Landlord’s diligence, the Tenant shall be deemed to have accepted them
in a perfect state of repair. The Tenant expressly waives any challenge to the presumption set forth in Article 1731 of the Civil Code.

 

 

 

    Page 2 of 34

     

    

 

Article 4: Destination

 

4.1 Maintenance of the contractual destination

 

The Tenant undertakes to occupy
the Leased Premises, personally, on a continuous basis for the exclusive use of offices, peacefully and in accordance with articles 1728
and 1729 of the Civil Code and within the framework of its activity described in article 3 of the Special Conditions, to the exclusion
of any other additional or substitute activity.

 

This destination cannot be modified,
even partially, even temporarily, without the express agreement of the Lessor.

 

It is also specified that the
premises accessory to the office spaces (parking spaces, technical premises, archives, as well as the common spaces) must be used in accordance
with their destination.

 

The Tenant shall refrain from
impairing the exclusive office use of the Leased Premises within the meaning of Article 23-9 of the uncodified Decree of September 30,
1953.

 

It is agreed that the Tenant
shall not engage in any commercial activity in the Leased Premises, any industrial or artisanal production or any wholesale or retail
sale, as well as any auction of furniture or other objects.

 

The authorized activity shall
not give rise to any contravention, complaint or claim from anyone, and in particular from other occupants of the Building. Generally
speaking, the Tenant shall not do anything that may call into question the destination or nature of the Rented Premises and the Building;
he may not under any circumstances modify them, even temporarily, and shall comply at his own expense with the laws, regulations and administrative
prescriptions in force and to come.

 

The authorization given to the
Tenant to carry out certain activities does not imply, on the part of the Landlord, any guarantee or diligence to obtain the administrative
authorizations required for the use of the Rented Premises for the exercise of the defined activity. Consequently, the Landlord shall
not be liable in case of refusal or delay in obtaining such authorizations, the Tenant declaring that it is personally responsible for
obtaining any authorizations that may be required for the exercise of its activity in the Rented Premises, in particular approvals and
others.

 

The Tenant shall take all necessary
precautions to ensure that the exercise of its activities does not in any way prejudice the maintenance, tranquility, good appearance
and good order of the Building; it shall take all precautions and assume all responsibility in this regard.

 

The Landlord reserves the right to lease other
premises in the same Building for the same use and activity, no exclusivity being granted to the Tenant. In the event the Tenant
believes it has to complain about commercial competition from another tenant of the Landlord in the Building or in a neighboring
building, it shall have recourse only against the latter; as Reciprocally, he will have to bear alone the possible actions that
other tenants would come to exercise against him.

 

 

 

    Page 3 of 34

     

    

 

4.2 Regulated activities

 

By express agreement, it is reminded
that in the event that the Tenant’s activity no longer complies with the purpose of the Building as described in article 3 of the Special
Conditions, or would be subject to a declaration to the administration and/or would require the obtaining of administrative authorizations,
in particular with regard to the regulations applicable to establishments receiving the public (ERP) and/or to installations classified
for the protection of the environment (ICPE) and/or the carrying out of work, the Tenant shall do so personally, at its own expense,
without recourse against the Landlord and in such a way that the Landlord shall not be sought in this respect, said work being subject
to article

 

9.1 below.

 

If the use made by the Tenant of
the Rented Premises results in their transformation into premises of a different category, as defined by the provisions of the Urban Planning
Code, the Tenant shall immediately reimburse the Landlord for the related fees and surcharges that would be levied in the name of the
latter due to this transformation.

 

It is hereby specified that the
aforementioned reimbursement shall not entail the Lessor’s waiver of its right to require the Tenant to immediately terminate the activities
that have the effect of transforming the Leased Premises into premises of a different category as defined above.

 

Article 5: Rent

 

5.1 Amount

 

The Lease is granted and accepted in consideration
of an annual principal rent (hereinafter the “Rent”) as set forth in Section 4 of the Special Conditions.

 

5.2 Eligibility

 

The Rent, in addition to charges,
taxes and services, shall be paid quarterly in advance on the first day of each calendar quarter and for the first time on a pro rata
basis as of the date of signature of this Agreement.

 

Fees and one-time services will be
due within one month of the invoice being issued.

 

Payments shall be made at the
domicile of the Lessor’s agent or at any other place indicated by the Lessor.

 

 

 

    Page 4 of 34

     

    

 

5.3 Indexing

 

The Rent shall vary in proportion
to the index mentioned in Article 6 of the Special Conditions.

 

It is specified that the present
clause constitutes a conventional indexation and cannot be an obstacle to the legal triennial revision provided for by articles L.145-37
and L.145-38 of the French Commercial Code, which is automatic.

 

The Rent shall be adjusted under
this clause annually, automatically and by operation of law, without prior notice or service, on the anniversary of the effective date
of the Lease.

 

For the first indexation, the
reference index shall be the last index published on the effective date of the Lease and the revision index shall be that of the same
calendar quarter of the following year.

 

For the following indexations, the reference index
will be the previous revision index and the revision index that of the same quarter of the following year and so on. The rents used as
a basis for the indexation calculations and the determination of the new rent due shall always be the previous indexed rent and for the
first indexation the rent fixed in article 5.1 above.

 

In the event that the chosen
index disappears or cannot be applied for any reason whatsoever, it shall be replaced by the replacement index or, failing this, by any
similar index which shall be determined or, if necessary, reconstituted by a joint expert representative who shall be appointed by transposition
of article 1592 of the Civil Code, either by agreement of the Parties, or failing that by an order made at the request of the most diligent
Party by the President of the Tribunal de Grande Instance of the place where the Building is located and who, in the event of refusal,
departure or impediment of any kind whatsoever, shall be replaced under the same conditions.

 

Failure to immediately adjust
the Rent upon publication of the index shall not prejudice the right of the Parties to claim retroactive application of the index.

 

The Tenant expressly acknowledges
that the above indexation clause constitutes the essential and determining condition of the Lease without which it would not have been
concluded.

 

5.4 Terms of payment of the Rent and its
accessories

 

The Rent and its accessories
shall be payable by transfer to the bank account opened in the name of the Lessor or its agent, whose references shall be communicated
separately to the Tenant. The transfers shall be made on the first day of the term due.

 

5.5 Payment allocation

 

Notwithstanding Articles 1342 and 1343 of the Civil Code,
payments made by the Tenant shall be charged by the Landlord in the following order:

 

		●	Costs of dunning, collection and proceedings,
	 	 	 

		●	Damages and interest,
	 	 	 

		●	Interests,
	 	 	 

		●	Security deposit and readjustment,

 

 

 

    Page 5 of 34

     

    

 

		●	Annual adjustment of charges,
	 	 	 

		●	Provision for expenses,
	 	 	 

		●	Rent or occupancy allowance,

 

Priority is given to amounts that have not been subject
to collection proceedings.

 

It is already specified that the oldest receivables will
be charged in priority to the most recent ones.

 

5.6 Tax on Rent

 

If the Landlord opts for the
VAT system, the Tenant undertakes to pay to the Landlord, in addition to the Rent and charges, the amount of the VAT or any new additional
or substitute tax that may be created at the rate legally in force on the day of each payment. In the event that the Rent is not subject
to VAT, the Landlord may, if he so desires, opt during the term of the lease for the VAT system, without any possible opposition from
the Tenant, who accepts it in advance.

 

If for any reason the Lease is or becomes legally
subject to any other tax, including the rental income tax or any other tax that may be substituted for it, the Lessee shall be responsible
for the payment or full reimbursement thereof to the Lessor with all the consequences thereof.

 

The tax regime applicable on
the date of effect of this Agreement is specified in Article 5 of the Special Conditions.

 

5.7 Setting rents on renewals

 

In the event of a renewal
of the Lease, the Rent for the renewed Lease shall be set at the higher of the following two values:

 

		●	The
                                            amount of the last rent paid under the Lease before renewal, or

 

		●	The
                                            market rental value, determined by mutual agreement between the Parties. The rental value
                                            shall be calculated exclusively by comparison with market rents (i.e. prices freely discussed
                                            by the parties without judicial determination) for properties comparable to the Rented Premises,
                                            i.e. buildings of the same nature as the Rented Premises, located in the immediate vicinity
                                            of the Building (or in Paris districts and suburbs of the same standing), taking into account
                                            the characteristics of the Rented Premises (standard of quality, construction, technological
                                            equipment, safety, functionality, etc.) as well as the level of services and amenities offered
                                            in the Building.) as well as the level of services and amenities offered in the Building.

 

Article 6 : Security deposit

 

The Tenant shall pay to the Landlord,
at the latest on the effective date of this lease, the sum mentioned in Article 7 of the Special Conditions, corresponding to three months
of rent in principal, as a guarantee for the payment of the Rent, of all accessories, of the proper performance of the clauses and conditions
of the Lease, of the rental repairs and of all sums owed by the Tenant for which the Landlord could be responsible.

 

This security deposit is not
interest bearing and shall be increased or decreased when the amount of the Rent is modified so as to always be equal to three months’
rent excluding taxes.

 

 

 

    Page 6 of 34

     

    

 

In no event shall the Tenant
be entitled to offset all or part of the Rent, charges or other debts resulting from the Lease or the occupation of the Leased Premises
against the security deposit.

 

If for any reason whatsoever,
the security deposit is used during the term of the Lease for the payment of sums due under the Lease, the Lessor shall be required to
notify the Lessee of such use, who shall then be required to replenish the said deposit, under penalty of application of the resolutory
clause of the Lease.

 

This security deposit shall
be reimbursed to the Tenant at the end of the period of use, after deduction of all sums due by the Tenant for the occupation of the Rented
Premises and, following the rendering of the final accounts, within a maximum period of six (6) months from the latter.

 

However, if the accounts are not settled within
nine months from the date of return of the Leased Premises, the Parties may agree to pay the balance of the security deposit to the Tenant,
less a provision equal to (15) fifteen percent of the actual cost of charges, taxes and duties for the previous fiscal year, calculated,
where applicable, on a pro rata temporis basis, which shall remain in the hands of the Landlord pending the final settlement of the accounts

 

In the event of sale of the Building
on which the Rented Premises depend, the security deposit shall be transferred by the Landlord to the purchaser who shall become the sole
debtor to the Tenant, which the latter acknowledges, by undertaking to request the return of the security deposit only to the purchaser.

 

Article 7: Taxes

 

The Tenant shall pay the personal
and movable contributions, the rental taxes, the territorial economic contribution for which it is liable and all other taxes for which
the Landlord is liable for the Tenant in any capacity whatsoever, and shall prove their payment at any requisition.

 

The Tenant shall reimburse to
the Landlord the portion corresponding to the Rented Premises of the property tax, its roll fees and its additional taxes such as the
sweeping tax, the tax for the removal of household waste, the annual tax on office and commercial premises, storage premises and parking
areas when due, the annual tax on parking areas in the Ile-de-France when due, taxes and fees related to the creation of the “Grand
Paris” and more generally all taxes, fees and charges related to the use of the Premises or the Building or to a service from which
the Tenant benefits directly or indirectly, or which could subsequently replace said taxes, fees and charges payable by the landlords,
and this in such a way that the Rent shall be net of all taxes, contributions, fees and charges for the Landlord, within the limit of
the provisions of Article R.145-35 of the Commercial Code.

 

Generally speaking, the Tenant
shall reimburse the Landlord for the share of any new municipal, departmental, regional, national or European tax or fee corresponding
to the Rented Premises that may be created, in particular the special equipment tax instituted by Articles 1607 bis and following of the
French General Tax Code.

 

The reimbursement of property
taxes and the annual tax on office space will be subject to VAT, as well as any other charges and taxes that would be legally subject
to VAT in the context of rebilling.

 

 

 

    Page 7 of 34

     

    

 

Article 8: Charges

 

8.1 Definition

 

The Tenant shall bear, in addition
to the Rent, all charges of any kind, in particular condominium charges, expenses and services, work and repairs of any kind, relating
to the Rented Premises and/or the Building, and/or the real estate complex on which they depend, including the share of common areas,
with the exception of the charges mentioned in article R.145-35 of the French Commercial Code as not being chargeable to the tenants.

 

The methods of distribution of charges are specified in
Article 8 of the Special Conditions.

 

The Tenant shall thus reimburse the Landlord :

 

		●	Cleaning, maintenance and upkeep costs, including the VRD,
	 	 	 

		●	Maintenance and repair, renewal and replacement of small equipment or tools necessary for management and
operation,
	 	 	 

		●	The cost of acquiring and renewing plant decoration or small furniture, as well as the cost of maintaining
and replacing interior and exterior green spaces,
	 	 	 

		●	The costs of maintenance, upkeep, inspection, repair and replacement, including the fees of the technical
design office and project management, of lifting equipment, generators, all technical installations for air conditioning, heating, air
renewal, electricity (including emergency or secure and/or regulated), fire safety systems (fire detection), access controls, centralized
technical management of climate systems (combustibles), fire doors, smoke extraction, etc, (including emergency or secured and/or regulated),
fire safety system (fire detection), access controls, centralized technical management of climatic installations (combustibles), fire
doors, smoke extraction, parking air detectors, automatic doors and openings, remote surveillance, etc., and generally all the equipment
related to the project. and more generally all the equipment contributing to the proper functioning, comfort, safety and security of the
Rented Premises and the Building and the real estate complex on which they depend, with the sole exception of the costs corresponding
to work covered by Article 606 of the Civil Code,
	 	 	 

		●	The costs of restoration work, maintenance and replacement of roofs, terraces, yards and gardens, except
for costs corresponding to work covered by Article 606 of the Civil Code,
	 	 	 

		●	Expenses, repairs, replacements, improvements, modernizations of all kinds, even if they result from obsolescence,
the Tenant waiving the benefit of Article 1755 of the Civil Code, except if they fall under Article 606 of the Civil Code,
	 	 	 

		●	The cost of disposal and sorting of common waste,
	 	 	 

		●	Expenditures, including social security charges and related personnel costs, and in particular those related
to security, cleaning, security or maintenance of the facilities or costs incurred by the use of outside companies for these purposes,
	 	 	 

		●	All expenses for general services, reception, mail, telephone, decoration and management of the common
areas,
	 	 	 

		●	Consumption, lighting, water, heating, air conditioning and ventilation costs, including, among others,
CPCU fees, subscriptions and various taxes and/or CLIMESPACE of the common areas
and more generally all consumption of fluids whatsoever, all costs related to the maintenance or consumption of energy production equipment,

 

 

 

    Page 8 of 34

     

    

 

		●	Maintenance and upkeep costs related to the conservation and sanitary quality of the water,
	 	 	 

		●	Insurance brokerage fees and premiums for the insurance policies referred to in Article 12 of the General
Terms and Conditions, any additional premiums paid for the Rented Premises due to the Tenant’s activity,
	 	 	 

		●	The remuneration of the agent(s), service provider(s) and consultant(s) in charge of the maintenance and
management of the Building, with the sole exception of rental management fees, which shall be paid by the Lessor,
	 	 	 

		●	The share of any charges billed to the Lessor by the Syndic, the AFUL, the ASL, or any other organization,
as well as the management fees of the latter,
	 	 	 

		●	Expenses, repairs, replacements, improvements, modernizations, installation of new equipment and services,
including those resulting from obsolescence, with the exception of those covered by Article 606 of the Civil Code,
	 	 	 

		●	The cost of bringing the Leased Premises and the Building into compliance with any current or future regulations,
in particular those mentioned in Article 9.3.2 hereinafter, with the exception of those covered by Article 606 of the Civil Code,
	 	 	 

		●	All taxes and fees mentioned in Article 7 above,
	 	 	 

		●	The cost of contracts and expenses for the upkeep and maintenance of private equipment that would be managed
directly by the Lessor and/or the co-ownership,

 

		●	Beautification work in an amount that would exceed the replacement
cost at

 

The same, that is to say without
this definition and this list is not exhaustive paints and varnishes, woodwork
coatings, false ceilings, partitions as well as all glued coatings of floor, walls and ceilings, the work of sanding, glazing
etc. ...

 

The inventory of the categories of
charges, taxes and fees related to the Lease and mentioned above corresponds to the inventory required by the first paragraph of Article
L.145-40-2 of the French Commercial Code, the Tenant acknowledging that the Landlord has fulfilled its obligation to provide information
in this respect.

 

This inventory corresponds, to date,
to an exhaustive list. The Lessor may, however, at any time during the term of the Lease, inform the Lessee of new charges, taxes and
fees related to the Lease, which shall be reimbursed in full by the Lessee up to its share, in accordance with the provisions of Article
L.145-40-2 of the French Commercial Code.

 

8.2 Terms of payment of charges

 

The above charges are payable as follows:

 

The Tenant shall pay, in addition
to the Rent and according to the same periodicity, a provision to cover the above-mentioned charges, equal to one quarter of the annual
sum due under the projected budget of charges.

 

This provision will be readjusted
each year on the basis of the Lessor’s projected budget.

 

The Lessor shall send to the Tenant
the summary statement including the liquidation and regularization of the charges accounts:

 

		-	September 30 of the year following the year for which the lease was issued, if the building, which is the subject of the lease, is
the sole property of the lessor,

 

 

 

    Page 9 of 34

     

    

 

		-	within a period of 3 months following the redemption of the co-ownership charges for the past financial
year if the building, which is the subject of the Lease, is subject to the system of co-ownership governed by the law of July 10, 1965
and its subsequent decrees of application.

 

In the event of a surrender in favor
of the Landlord, the Tenant undertakes to pay the balance due within 15 days of receipt of the statement.

 

The supporting documents may be consulted
by the Tenant, upon written request, at the registered office of the Landlord or its Agent during a period of fifteen (15) days from the
date of receipt of the statement. In the event of failure to withdraw the registered letter transmitting the statement, the fifteen-day
period shall run from the date of first presentation.

 

The Lessor may in any case, by justifying it, adjust
during the year the provisional budget established for the year, the resulting provisions, if it appears that this budget is lower than
the reality.

 

Upon the departure of the Tenant,
the charges shall be calculated on a prorata temporis basis until the end of the Lease or until the effective vacating of the Rented Premises,
if this occurs after the expiration date of the Lease.

 

The provisions paid will be returned
after deduction of any sums due for the regularization of the charges.

 

Notwithstanding the foregoing, property
tax, garbage collection tax and annual office tax are not included in the provisions for charges and shall be reimbursed to the Lessor
in addition to these provisions, upon separate and specific billing at their respective due dates. The same may apply to management fees
and the reimbursement of insurance premiums taken out by the Landlord, which may be called separately.

 

The Tenant shall also take out any
subscription directly with the concessionary services and shall pay directly for all his personal consumption, in particular water, electricity,
heating, air conditioning or cooling, telephone and Internet, according to the indications of his meters, readings and invoices.

 

In the same way, it shall directly
subscribe to all contracts relating to the use and maintenance of the equipment elements, elevators, air conditioning, etc. of the Leased
Premises, which it operates, as well as those necessary for safety and security.

 

Article 9 : Rental conditions

 

During the course of the Lease and more generally until
the end of the lease term, the Lessee undertakes to perform the following obligations:

 

 9.1 Use of the Rented Premises by the Tenant

 

The Tenant undertakes to use the Leased
Premises in accordance with articles 1728 and 1729 of the Civil Code, honorably and peacefully, for the purpose defined in article 3 of
the Particular Conditions, excluding any other activity.

 

 

 

    Page 10 of 34

     

    

 

The occupation of the Rented Premises by the Tenant
shall not give rise to any contravention, complaint or claim from anyone, and in particular from other occupants of the Building.

 

The Tenant shall operate the Leased
Premises in a reasonable manner and shall therefore be personally responsible for any grievances that may be made against the Landlord
in respect of the Tenant, its staff or its visitors, so that the Landlord shall never be worried and shall be guaranteed against any consequences
that may result from the Tenant.

 

The Tenant undertakes to comply with
any easements and other regulations of any nature that may be applicable to the Building, as well as, if applicable, with the co-ownership
regulations and decisions of the general meetings of the co-ownership, of the managing agent, as well as with the internal regulations
of the Building. The Tenant shall likewise respect any easement or any new organization that may be established, in particular in the
event of the division of the Building, provided that such easements or organizations are not likely to diminish the conditions of enjoyment
of the Rented Premises.

 

 9.2 Maintenance and operation of the Leased Premises by the Tenant

 

The Tenant shall keep the Leased Premises
constantly furnished with furniture, household effects and equipment, to the exclusion of any goods, and shall maintain the Leased Premises
in a permanent state of effective use.

 

The Tenant undertakes not to store
anything, even temporarily, in the areas shared by all the occupants of the building or only certain areas, sanitary facilities, corridors,
landings, corridors, sidewalks or technical premises etc.

 

The Tenant shall meet all city, police
or road charges for which the tenants are regularly liable, all in such a way that the Landlord cannot in any way be worried or sought
after in this regard.

 

 9.3 Authorizations and compliance with regulations concerning the Rented Premises

 

 9.3.1 Authorizations

 

The Tenant shall be responsible for
obtaining, at its own expense, all administrative or other authorizations related to the use of the Leased Premises for the exercise of
its activity. The Lessor shall not be liable in case of refusal or delay in obtaining such authorizations.

 

 9.3.2 Compliance with regulations

 

The Tenant, who assumes throughout
the term of the Lease the responsibility of the head of the establishment, shall comply with and ensure compliance by its employees, customers
and suppliers with all laws, regulations, orders, by-laws, normative texts in force and authorizations applicable to the Leased Premises,
in particular and without this list being exhaustive, those concerning the road system, the police, hygiene, safety, the environment,
energy performance, classified installations for environmental protection, work regulations, safety, where applicable, establishments
receiving the public, accessibility for persons with reduced mobility, as well as the rules defined by the European standard NF EN 12845
of December 2004, (fixed fire-fighting installations - automatic sprinkler systems - calculations, installation and maintenance), the
prescriptions of the Departmental Fire and Rescue Service (SDIS), the safety representatives, all in such a way that the Lessor is never worried or sought after for any
reason whatsoever.

 

 

 

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 9.3.3 Compliance of the Rented Premises

 

The Tenant shall comply, at its sole expense, with
any prescription, claim or injunction that may be issued by the competent authorities in connection with the Tenant’s activities and/or
its operation of the Leased Premises and/or the activities of the occupants of the Leased Premises under its responsibility. The Tenant
shall, at its own expense and under its own responsibility, ensure that its materials and the Leased Premises and their equipment comply
with all applicable legislative and/or regulatory provisions during the term of the Lease, its successive renewals and its tacit renewal.

 

The Tenant shall have the equipment
and installations, in particular electrical and fire equipment, checked by an approved organization, at its own expense, whenever required
by the regulations, and shall make any modifications thereto that may be requested by the checking organization within three months of
the communication of the checking report.

 

He shall submit to the Lessor, at
least once a year, all supporting documents attesting to compliance with the above obligations, in particular with respect to the inspection
reports.

 

 9.4 Maintenance, work, repairs

 

By express agreement between the Parties,
the Tenant shall carry out at its own expense, risk and peril, notwithstanding articles 1719, 1720 and 1755 of the Civil Code, as and
when required, and shall bear the cost of or reimburse the Landlord for any work, repairs, replacements and expenses of any nature whatsoever,
regardless of the cause, nature and importance thereof, including those due to force majeure or obsolescence, with the exception of the
major works referred to in article 606 of the Civil Code or work to bring the Leased Premises into compliance with the law or those attributable
to the Landlord, including those due to force majeure or obsolescence, with the exception of the major works referred to in Article 606
of the Civil Code or works to bring the Leased Premises into compliance with the law or those attributable to obsolescence falling within
the category of the major works referred to in Article 606 of the Civil Code, which shall remain the responsibility of the Lessor in accordance
with the provisions of Article R.145-35 of the Commercial Code.

 

In this context, the Tenant shall in particular, and without this list
being in any way exhaustive:

 

		-	Carry out at its own expense all work and in particular repair, restoration, modernization, repair or
replacement, which is or will become necessary to the Leased Premises and their installations, (such as, if they exist, those of heating,
air cooling, ventilation, technical equipment, access controls, security and safety systems, electricity, lighting, wiring, glazing, woodwork
and closures, plumbing, sanitary facilities, carpets, ceilings and false ceilings, walls, partitions, floors, roofs, pipes, zinc work...
),

 

		-	Carry out, at its own expense, all work, improvements, installations and constructions to bring the Rented
Premises and the Building on which they depend into conformity with current and future regulations, particularly in the areas of environmental
protection, hygiene, health, safety, roads, police and labor, and if necessary, in terms of ERP regulations for the category on which
its activity depends, rules applicable to high-rise buildings and accessibility rules for people with disabilities.

 

 

 

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		-	To maintain in perfect state of cleanliness, maintenance and repair of any kind the Rented Premises and
their equipment as well as the arrangements, installations, decorations and embellishments carried out by him having the nature of building
by destination.

 

He will see to the perfect state of
maintenance and repair of his electrical, telephone, computer networks and lighting. He will take all precautions against freezing. If
necessary, he will proceed to the annual sweeping of the smoke ducts for his use.

 

He shall paint the Leased Premises as often as
necessary, maintain the floor coverings in a perfect state of repair and in particular remedy the appearance of stains, burns, tears,
holes or detachments and ensure the safety of use and circulation so as to return them in perfect condition at the end of the lease.

 

In general, he shall take out all
maintenance contracts and repair as and when necessary any deterioration that may occur in the Rented Premises and replace, if necessary,
what could not be repaired.

 

9.5 Tenant’s work

 

The Tenant shall not demolish, break
through walls, slabs, vaults or posts, change the distribution or build anything in the Leased Premises without the prior written consent
of the Landlord.

 

If the Tenant wishes to carry out
such work, he must send to the Landlord or his agent by registered mail with acknowledgement of receipt or against receipt, a file including
:

 

		●	A description of the work and equipment planned (written and graphic documents),
	 	 	 

		●	A work schedule with detailed methodology,
	 	 	 

		●	A file integrating the implementation of a waste management plan, the taking into account of nuisances,
the implementation of collective safety measures, in particular those imposed by the Labor Code, as well as, if necessary, in terms of
ERP regulations for the category on which its activity depends, rules applicable to high-rise buildings and accessibility rules for people
with reduced mobility, as well as the impact and management measures in terms of energy and environmental performance,
	 	 	 

		●	A draft application for administrative authorization if necessary,
	 	 	 

		●	The
                                            list of companies that the Tenant plans to consult or to have intervene for the realization
                                            of the work,

 

It is specified that these documents,
with the exception of the list of companies, must be established by a project manager and validated by a technical controller.

 

The Tenant shall make its best efforts
to take into account energy saving and environmental management measures in its work file.

 

The approval procedure referred to
above shall not apply to routine maintenance work, painting or interior decoration work, simple installation or modification of wiring,
provided that such work has no impact on the technical lots or on the health and safety of persons. For works not subject to the prior
approval procedure, the Tenant undertakes to keep the Landlord informed of the completion of its works and to provide it with new layout
plans as soon as they are completed.

 

 

 

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The Lessor shall always be free to
refuse its authorization and even for work not requiring prior approval by the Lessor, to oppose it for serious reasons, particularly
with respect to aesthetics, the general harmony of the Building and the rights of the architect, safety rules, construction rules or standards,
the proper functioning of the technical, safety and security equipment of the Building, the stipulations of the Lease and, if any, of
the rules of co- ownership of the Building and of the internal regulations, the statutes of the ASL or the AFUL.

 

After having obtained the agreement
of the Landlord, the Tenant shall be responsible for obtaining, at his own expense, all administrative, condominium and other authorizations
that may be required for the completion of his work, as well as for the payment of all taxes and contributions related to these authorizations,
the Landlord undertaking to sign without delay any application that should be made in his name and that he would have approved. The Lessor
shall in no case incur any liability in case of refusal or delay in obtaining these authorizations, as well as in the payment of the above-mentioned
taxes and contributions, which are entirely incumbent upon the Tenant.

 

Generally speaking, the Tenant shall
carry out its work in compliance with the rules of prevention, health and safety and the environment. The Tenant shall use qualified companies
that hold adequate insurance policies and that must, prior to any intervention, have the required skills for this type of work, possess
all necessary insurance and be up to date with the payment of the corresponding premiums.

 

The Tenant shall be able to justify
this at the first request of the Landlord. In addition, the companies working on the technical trades for the realization of the Tenant’s
works must be approved before any intervention by the Landlord, who may only refuse its approval for a serious and legitimate reason.

 

All of the Tenant’s work shall be
carried out under the supervision of the technical manager and/or the Landlord’s architect and, if the Landlord deems it useful, of a
control office mandated by the Landlord, whose fees shall be paid by the Tenant

 

If work was carried out without prior
authorization, the initial restoration may be requested and must be carried out by the Tenant within one month of the notification made
to him by the Landlord or his agent. If the Tenant fails to do so within the aforementioned period, a penalty of 1,000.00 euros (excluding
taxes) per day of delay shall be payable by the Tenant at the request of the Landlord, without prejudice to the implementation of the
resolutory clause provided for below.

 

Likewise, in case of non-conformity
of the authorizations obtained, the necessary additional or modifying works shall be carried out by the Tenant within 60 days of the notification
made to him by the Landlord or his agent.

 

If the Tenant fails to perform within
the above-mentioned period, a penalty of 1,000.00 euros (excluding taxes) per day of delay shall be due by the Tenant at the request of
the Landlord, without prejudice to the implementation of the resolutory clause provided for below.

 

The Tenant shall carry out its work
in compliance with the rules of the trade and those relating to the protection of the environment by using quality materials and complying
with the documents approved by the Landlord. The Tenant shall bear all costs and fees incurred by its work and all consequences resulting
therefrom, in particular with regard to the requirements of health and safety rules, labor regulations and, where applicable, legislation
on the ERP of the category on which its activity depends, rules applicable to high-rise buildings and accessibility rules for disabled
persons.

 

 

 

    Page 14 of 34

     

    

 

The Tenant shall be required to use
the services of companies for structural work, waterproofing, fire protection and, more generally, for the maintenance of the Building
and to enter directly into the required contracts for this purpose, to which the Landlord shall remain a stranger.

 

The Tenant shall provide at least
once a year and in case of execution of works having been authorized by the Landlord, the recollection plans of the executed works in
autocad format as well as the administrative authorizations if any have been obtained and if necessary the final report of the control
office.

 

The Tenant shall indemnify the Landlord
against any liability that the Landlord may incur to any person for material or immaterial damages resulting directly or indirectly from
the Tenant’s work.

 

The Tenant alone shall bear all the
financial consequences of any damage that may result from the work it carries out and shall indemnify the Landlord for any loss the latter
may suffer as a result of said work, even if the work and the companies have been approved by the Landlord.

 

Tenant shall subscribe to:

 

		●	A damage insurance if he carries out work requiring it with an extension of cover including the guarantee
of good functioning of the capital goods, the immaterial damage and the damage to the existing for appropriate amounts.

 

		●	If necessary, an all-risk construction insurance covering the entirety of the new work and including an
extension of coverage including damage to pre-existing structures as well as the civil liability of the Lessor and the Tenant for damage
caused to third parties as a result of the execution of the work for appropriate amounts.

 

The Tenant shall ask each party holding
a work contract or a service contract to provide proof of any insurance inherent to the work to be performed (in particular Civil and
Decennial Liability).

 

The Tenant undertakes to provide at
the first request of the Landlord after the completion of the work, for himself and all the parties mentioned above, a certified copy
of these policies or, failing that, the coverage notes issued by the insurance companies attesting to the payment of the premiums due.

 

 9.6 Work of the Lessor

 

The Tenant undertakes to suffer, without
compensation, notwithstanding Article 1724 of the Civil Code, and even if the work lasts more than twenty-one (21) days, all repairs,
improvements, modifications and compliance work that the Landlord should or would see fit to carry out in the Leased Premises or in the
Building.

 

The Lessor undertakes to make its
best efforts to limit the inconvenience caused to the Tenant due to such work.

 

The Tenant shall likewise suffer,
in derogation of Article 1723 of the Civil Code and without indemnity or reduction of rent, any modification of the Leased Premises or
the Building that the Lessor reserves the right to make such changes,
provided that such changes do not affect the general condition or level of performance.

 

 

 

    Page 15 of 34

     

    

 

The Tenant undertakes, subject to
a notice period of five days, to allow free access to the Rented Premises to the companies designated by the Landlord for the work referred
to above. This notice period may be reduced to 24 hours for work of an emergency nature.

 

The Lessor undertakes to do everything
necessary to limit as much as possible the inconveniences that may result for the Tenant from the said work, taking into account its operating
requirements, and to consult with the Tenant for this purpose.

 

The Tenant shall bear any modification of the meters
or metering stations that may be required by the water, electricity, hot and cold fluids, and telecommunications distributors and shall
allow any pipe or conduit that may become necessary to cross the Rented Premises.

 

The Tenant shall inform the Landlord
in writing of any damage that has occurred in the Leased Premises or concerning the Leased Premises as soon as it becomes aware of such
damage, failing which the Tenant shall be personally liable to reimburse the Landlord for the amount of the direct or indirect damage
resulting for the Landlord from such damage or be liable to the Landlord for failure to declare the said damage to the insurance company
for the Leased Premises in a timely manner.

 

The Tenant shall immediately remove
any formwork or decoration as well as any installation it has made, the removal of which would be useful for the search for or repair
of leaks of any kind, cracks in the smoke or ventilation ducts, in particular after fire or infiltration, and for the execution of the
Landlord’s work following the disaster or decided by the Landlord.

 

Article 10: Special requirements

 

The Tenant is required to comply with the following obligations:

 

 10.1 Respect for the neighborhood

 

		●	Not to use any loudspeaker or other means of broadcasting likely to be heard outside the Rented Premises;
not to use any electrical or other device that interferes with the transmission of telephones, terrestrial or digital television or computer
networks, without having equipped said devices with devices to avoid any disturbance to the neighborhood, to take particular care to avoid
any interference between the various wireless networks used by the Tenant and those used by the other occupants of the Building and neighbors.

 

		●	Not to install in the Rented Premises any machine likely to cause disturbances to the neighbors; to remove
without delay those which would be installed if their operation, in spite of the precautions taken, would generate justified complaints
of the other occupants of the Building or the neighboring buildings.

 

		●	Refrain from any noisy, dangerous, inconvenient, polluting or unhealthy activity; take all useful measures
to prevent any unpleasant odor; refrain from throwing or allowing to be thrown any corrosive or polluting products, or likely to clog
any pipes.

 

 

 

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		●	Take
all measures to avoid the spread of rodents, insects, etc... and if necessary, to destroy them.

 

		●	Ensure the proper conduct of its staff and visitors.

 

 10.2 Fluids - Network subscriptions

 

		●	To subscribe in its name and at its expense all the subscriptions of electricity and telecommunication,
and more generally of all fluids necessary to the exercise of its activity.

 

		●	At the end of the Lease, to terminate any contracts it may have entered into for the rental or maintenance
of its specific facilities.

 

		●	Pay directly to the services concerned the amounts of the subscriptions, taxes and corresponding consumption,
and that of the possible connection.

 

		●	Provide the Lessor annually and/or upon request with the consumption statements for the various fluids
to which it has subscribed.

 

 10.3 Various

 

		●	Do not load floors with more weight than they can support.

 

		●	Respect the maximum number of employees allowed in the Leased Premises.

 

		●	Not to proceed in the Rented Premises to any public sale of furniture or other objects.

 

		●	Keep all emergency exits clear of all furniture and objects at all times.

 

 10.4 Parking spaces

 

		●	Use the parking spaces only for parking light vehicles and two-wheelers of its employees or visitors,
excluding any repair, oil change or washing activity.

 

		●	Do not store any material, object or merchandise of any kind, in particular: tires, gasoline or oil cans.

 

		●	Respect the rules of operation and safety of parking spaces, as well as the rules of traffic.

 

 10.5 Badges

 

		●	Collect and return at the first request of the Lessor the magnetic cards or generally the means of access
which will have been given to him in order to allow their replacement or their periodic validation, or at the end of the Lease.

 

 

 

    Page 17 of 34

     

    

 

10.6
Blinds, Plaques, Signs and Antennas

 

No
blind, plate, sign, antenna or installation of any kind whatsoever, concerning the exterior appearance of the Building may be installed
without the prior written consent of the Lessor, who may object only on legitimate grounds.

 

The Tenant shall also apply, at its own expense,
for all necessary authorizations from the administration, the co-ownership on which the Rented Premises depend, the rights of third parties
or any other; the Landlord shall not be held responsible in case of refusal of authorization or delay in obtaining them.

 

Installations
shall be made in accordance with the provisions and conditions set forth above for the Lessee’s work.

 

The
Tenant shall, moreover, remove at its own expense the said installations on the day of its departure and restore to their original state
the Rented Premises, works or elements of works in or on which these installations have been affixed.

 

10.7
Access and visit of the Rented Premises

 

In
the event of a notice of termination or cancellation of the Lease, as well as in the event of the sale of the Leased Premises or of the
Building on which they depend, the Tenant authorizes the Landlord to show the Leased Premises during working days and hours, as well
as to post information signs in appropriate places.

 

The
Tenant shall allow the Landlord and its agents, architects, contractors and workmen to enter the Leased Premises for any visit, repair
or maintenance task. The Landlord undertakes, insofar as possible, to give the Tenant at least 48 hours’ notice.

 

Article
11: Sub-letting, domiciliation, transfer, right of pre-emption of the Tenant

 

11.1
Subletting and domiciliation

 

Any
subletting of the Leased Premises is prohibited.

 

The
Tenant shall operate its activities in the Leased Premises personally.

 

The
Tenant therefore undertakes not to grant the use of the Leased Premises to anyone in whole or in part, in any form whatsoever, even temporarily
or on a precarious basis, whether free of charge or against payment.

 

Moreover,
any domiciliation of a third party in the Rented Premises is strictly forbidden.

 

11.2
Transfer

 

The
transfer of the Lease is prohibited.

 

 

 

    Page 18 of 34

     

    

 

However,
the Tenant may, after having obtained the prior written consent of the Landlord, assign his rights to this Lease in full to the purchaser
of his business, provided that he remains jointly and severally liable with any successive occupant of the payment of the rents and accessories
or of the execution of the clauses of the Lease, and this without the need to inform the assignor of the first non-payment of his assignee
and of all successive assignees within a period of one month, by express derogation to article L.145-16-2 of the Commercial Code. Notwithstanding
article L.145-16-1 of the French Commercial Code, this joint and several guarantee shall continue for the entire duration of the Lease
remaining on the date of the transfer.

 

No
contribution or assignment may be made if the Lessor is owed rent, charges and taxes.

 

Before
the date scheduled for the signing of the deed of transfer, the Lessor shall be called upon to participate in this deed by registered
letter with acknowledgement of receipt received at least fifteen days before the date scheduled for the deed of transfer, with a copy
of the draft deed attached, containing all indications relating to the planned transfer.

 

The
Lessor shall deliver to the transferee, at no cost to the Lessor, a registered original of any deed of transfer within one month after
the transferee takes possession of the Lease, failing which any transfer made in contravention of the foregoing provisions shall be null
and void and the Lease may be terminated if the Lessor sees fit.

 

In
the event of transfer of the right to the lease, transfer or gratuitous transfer of the business, a new inventory of fixtures shall be
established between the Lessor and the new lessee, under the same conditions as those provided for in Article 3 of the General Conditions.
It is however specified that, notwithstanding the establishment of this new inventory of fixtures, it is the initial inventory of fixtures
established with the initial Tenant that shall be used as a reference for the definition of the restoration work due, if any, by the
Tenant within the framework of the return of the Leased Premises.

 

11.3
Tenant’s right of pre-emption

 

If
the Landlord intends to sell the Leased Premises, he shall inform the Tenant by registered letter with acknowledgement of receipt or
hand-delivered against a receipt or envelope in accordance with the provisions of Article L.145-46-1 of the French Commercial Code in
its wording resulting from the law n°2014-626 of June 18, 2014.

 

This
notification shall, under penalty of nullity, indicate the price and conditions of the proposed sale and shall be deemed to be an offer
to sell to the Tenant.

 

The
Tenant shall have a period of one month from the date of receipt of this offer to decide. In case of acceptance, the Tenant shall have
a period of two months from the date of sending his answer to the Landlord to complete the sale.

 

If,
in his reply, the Tenant notifies his intention to take out a loan, the acceptance by the Tenant of the offer to sell is subject to obtaining
the loan and the time limit for completion of the sale is extended to four months.

 

If,
at the end of this period, the sale has not been completed, the acceptance of the offer to sell will become ineffective.

 

In
the event that the Landlord decides to sell under more advantageous conditions or at a more advantageous price to an interested purchaser,
the notary in charge of the sale shall, if the Landlord has not previously proceeded to do so, notify the Tenant in the manner provided
for in the first paragraph, under penalty of the sale being declared null and void, of such conditions and price. This notification
shall constitute an offer to sell to the benefit of of the Tenant. This offer to sell will be valid for a period of one month from the
date of its receipt. Any offer that has not been accepted within this period shall become null and void.

 

The
Tenant who accepts the offer thus notified shall have a period of two months from the date of sending his reply to the Landlord or the
notary to complete the deed of sale. If, in his reply, he notifies his intention to obtain a loan, the acceptance by the Tenant of the
offer to sell shall be subject to obtaining the loan and the time limit for the completion of the sale shall be extended to four months.
If, at the end of this period, the sale has not been completed, the acceptance of the offer to sell will become ineffective.

 

 

 

    Page 19 of 34

     

    

 

However,
the foregoing provisions shall not apply in the event of a single transfer of several premises in a commercial complex, a single transfer
of separate commercial premises, a transfer of a commercial premises to the co-owner of a commercial complex, a global transfer of a
building comprising commercial premises or a transfer of a premises to the Lessor’s spouse or to an ascendant or descendant of the Lessor
or his spouse.

 

Article 12: Insurance

 

 12.1 Lessor’s Insurance

 

The Lessor undertakes to insure with
insurance companies known to be solvent:

 

		a)	The building at new value including all fixtures and fittings
considered as building by nature or destination, according to article 525 of the Civil Code.

 

Against all usual risks of destruction
and in particular the following risks: fire and lightning, all explosions, electrical damage, falling aircraft and aerial objects, vehicle
impacts, attacks and natural disasters, in particular hurricanes, cyclones, tornadoes, storms, hail, smoke, strikes, riots and popular
movements, acts of vandalism and malicious damage, water damage.

 

The insurance extends to additional
guarantees including, in particular, loss of rent for up to two years, the cost of excavation, backfill, indirect losses and experts’
fees.

 

		b)	Its civil liability for bodily injury or property damage caused to third parties. The Tenant shall
                                                                               reimburse to the Landlord, in addition to the charges, the share of the premiums resulting from the policies provided for in the
                                                                               preceding paragraphs. This reimbursement shall be subject to VAT.

 

 12.2 Lessee’s Insurance

 

The
Tenant shall be insured with a reputable company against fire, short circuits, explosions, lightning, water damage, glass breakage and
all other generally insured risks, all furniture, equipment, merchandise, glass, installations and fittings in the Rented Premises, recourse
from neighbors and third parties, and its professional civil liability.

 

In
order to ensure the execution of this clause, the Tenant shall send to the Lessor within thirty (30) calendar days of the signature of
this agreement, a certified copy of all its insurance certificates, it being specified that if the Tenant fails to subscribe, renew the
policy or pay the related premiums, the Lessor reserves the right, fifteen (15) days after a formal notice remained unanswered, to proceed
with the insurance company covering the Rented Premises, and to claim from the Tenant the reimbursement of the corresponding premiums.

 

The
Tenant agrees to maintain all the above mentioned insurances for the duration of the Lease and its renewals, to pay the premiums punctually
and to justify this insurance by sending to the Landlord an up-to-date certificate, within thirty (30) calendar days of the anniversary
date of this contract.

 

If
the activity carried out by the Tenant results in additional insurance premiums for the Landlord or for neighbors or tenants, the Tenant
shall be required to compensate the Landlord for the amount of the additional premium paid by him and to guarantee him against any recourse
and claim from neighbors or tenants. The Tenant undertakes to immediately inform the Landlord of any elements likely to aggravate the
risks and to modify the premium rates.

 

12.3
Waiver of recourse

 

The
Lessor undertakes on its own behalf and on behalf of its insurers to waive any recourse against the Tenant and its insurers, except in
the case of malice, in the event of damage caused by fire, explosions, leaks or water damage to the Rented Premises and the corresponding
insurance policies shall mention this waiver of recourse.

 

Correlatively,
the Tenant undertakes for itself and its insurers to waive any recourse in case of fire, explosion, leaks, water damage, against the
Landlord and its insurers, for any reason whatsoever, in particular due to the destruction of its movable property, as well as due to
the deprivation of enjoyment of the Rented Premises and even in case of total or partial loss of its business, including intangible elements.
The corresponding insurance policies shall expressly mention these waivers of recourse.

 

The
Tenant undertakes to communicate to the Landlord, all elements tending to appreciate any risk and this at any time and without delay
as soon as the Tenant is aware of them. The Lessor’s insurer or its representatives shall have the right to visit the Leased Premises
at any time, upon simple request, provided that it does not disrupt the Tenant’s activity.

 

Article
13 Liability, claims

 

The
Tenant waives all liability claims or claims against the Landlord, the Landlord’s agent and their respective insurers and agrees to obtain
the same waivers from its own insurer for the following:

 

		●	In
the event of theft, attempted theft, or other criminal acts committed in the Leased Premises or in the common areas of the Building,
the Landlord not assuming any obligation of surveillance,
	 	 	 

		●	In
case of modification or suppression of the guarding, the remote surveillance, the reception service and the switchboard operators, if
any, and more generally of the service of all the persons providing common services to the Building,
	 	 	 

		●	In
case of modification of the common parts, the dependencies and accessories of the Rented Premises, notwithstanding article 1723 of the
Civil Code,
	 	 	 

		●	In
the event of irregularities or interruption of the elevators, supply and distribution of services and fluids and, in particular, of the
service of water, electricity, telephone, air- conditioning, generators, all computer systems and new technologies if any, except in
the event of a fault attributable to the Lessor. In addition, any

 

 

 

    Page 20 of 34

     

    

 

The
cancellation of a service shall not give rise to any compensation or reduction of rent for the Tenant, except in the event of a fault
attributable to the Landlord. The Lessor undertakes to take all necessary steps to restore the operation of the said fluids insofar as
it has retained the management of the said equipment or holds the supply contracts.

 

		●	In
the event of an accident with bodily, material and/or immaterial consequences occurring in the Rented Premises or in the Common Areas
during the course of the Lease, whether or not it has an impact on the Tenant, regardless of the cause,
	 	 	 

		●	In
case of damage caused to the Rented Premises and/or to any movable items therein, as a result of leaks, infiltrations, humidity or other
circumstances, all except for fault attributable to the Lessor,
	 	 	 

		●	In
case of actions generating damage from other occupants of the Building, from all third parties in general,
	 	 	 

		●	In case of claims from third parties, co-owners or any other
tenant due to disturbances of use attributable to its activity,
	 	 	 

		●	In
case of expropriation for public utility, all the rights of the Tenant being reserved against the expropriating party,
	 	 	 

		●	In
case of contamination of the heating, water and air conditioning networks.

 

Article
14 Destruction of the Rented Premises

 

In
the event that, as a result of a fire, an explosion, whatever the cause, or any other disaster, the Leased Premises are destroyed or
rendered unusable in their entirety, the Lease shall be terminated as of right, without any indemnity for the Tenant, the full benefit
of the real estate insurance indemnities remaining with the Landlord.

 

Notwithstanding
Article 1722 of the Civil Code, if the Leased Premises are destroyed or rendered unusable only partially, the Lessee may only terminate
the Lease if the Leased Premises are not restored within two years of the loss.

 

In
this case, the Lessor undertakes to take all necessary steps to restore the property to its original condition and to allocate the insurance
indemnities received.

 

During
this period, the Tenant shall only be liable for the payment of rents and charges in proportion to the surface area of the Rented Premises
that would not be destroyed or unusable.

 

In
the event that, due to causes beyond the control of the Lessor, the Lessor is unable to rebuild the Leased Premises within a period of
two years, the Lease shall be terminated as of right, without prior notice and without any indemnity for the Lessee, the full benefit
of the real estate insurance indemnities remaining with the Lessor.

 

Article
15 Collective proceedings

 

In
the event that collective proceedings (safeguard, recovery or judicial liquidation) are opened against the Tenant, the latter shall immediately
inform the Landlord by registered letter with acknowledgement of receipt.

 

The
sums owed by the Tenant for debts arising prior to the judgment opening the proceedings shall be automatically set off against the security
deposit, without the need for any judicial formality. After the court has decided on a possible safeguard or recovery plan, the Lessor
shall ask the Tenant to reconstitute the security deposit, in the event that all or part of it has been offset.

 

 

 

    Page 21 of 34

     

    

 

The
transfer of the leasehold right, including in the event of the Tenant’s judicial liquidation, by the judicial administrator,
may only be carried out under the conditions indicated in Article 11.2 of the General Conditions and subject to the reconstitution
of the security deposit by the transferee in the hands of the Landlord.

 

If
the administrator or liquidator were to terminate the Lease, such non-performance would give rise to damages in accordance with Articles
L.622-13 and L.622-14 of the French Commercial Code, which the Parties agree to set at six months’ rent (exclusive of taxes) in effect
on the date of termination. The security deposit shall be acquired by the Lessor as initial liquidated damages in the event of waiver
of the continuation of the Lease pursuant to Articles L.622-13 and L.622-14 of the Commercial Code.

 

Article
16: Return of the Rented Premises

 

16.1
Acquired

 

One
month before vacating the Leased Premises, the Tenant shall, prior to any removal of the furniture, even partial, and at the first request
of the Landlord, justify by the presentation of the receipts, the payment of the contributions to be paid by the Tenant, both for the
past years and for the current year, as well as all the terms of rent and charges, and communicate to the Landlord his future address.

 

16.2
State of restitution

 

Upon
his departure, during or at the end of the lease, the Tenant shall return the Leased Premises in a very good state of maintenance, cleanliness
and repairs and replacements incumbent upon him, and shall return them free of any furniture, fixtures, wiring, which would not have
become the property of the Landlord by virtue of the option available to the latter as stated below.

 

16.3
Accession

 

All
real estate work, fixtures and fittings, whether or not authorized by the Lessor, whether finishing work performed prior to or at the
time of taking possession, or partitioning, improvement, alteration or repair work, shall become the property of the Lessor by accession
at the end of the Lease, without compensation of any kind.

 

The
Landlord shall have the right to require the Tenant to restore the Leased Premises to their original physical condition in accordance
with the inventory of fixtures referred to in article 3.2 of the General Conditions, at the exclusive expense of the Tenant, and in particular
the removal of the following items

 

		-	partitioning,
	 	 	 

		-	low
                                            voltage
	 	 	 

		-	private
                                            air-conditioning systems

 

16.4
Pre-appraisal - Quotation

 

To
this end, three (3) months at the latest before the expiry of the Lease or at the time of the Tenant’s effective departure, if earlier,
a preliminary inspection of the condition of the Rented Premises shall be carried out by both parties, which shall include a statement
of the repairs to be carried out by the Tenant.

 

 

 

    Page 22 of 34

     

    

 

The
Tenant shall perform at its own expense all such repairs and restorations as mutually agreed upon for the date of vacating the Leased
Premises.

 

In
the event that the Tenant does not carry out the repairs and repairs within the above- mentioned time limits, or does not respond to
the Landlord’s notice, the Landlord shall have the amount of said repairs calculated.

 

The
Parties may agree that the restoration work shall be carried out by the Lessor at the Lessee’s expense, provided that prior to the Lessee’s
departure, an agreement has been reached on the description, the estimate and the deadline for carrying out the necessary work and that
the amount of the estimate(s) has been paid to the Lessor by the Lessee.

 

Upon
return of the Leased Premises by the Tenant, an inventory of fixtures shall be established jointly and amicably by the Parties or by
a third party mandated by them.

 

If the inventory of fixtures cannot be established
under these conditions, it shall be established by a bailiff, on the initiative of the most diligent Party, at expenses shared equally
between the Lessor and the Tenant.

 

In
view of this inventory of fixtures, the Parties shall assess whether there are any remaining repairs and restorations incumbent upon
the Tenant.

 

If
repairs or work are necessary, and if a negotiation has not already taken place at the end of the pre-exit inventory of fixtures, the
Tenant shall, within fifteen days of the notification of the estimates or figures, established at the request of the Landlord, give his
agreement on the said estimates or figures.

 

In
the event of silence or unjustified dispute by the Tenant before the expiration of this period, the estimates or cost estimates presented
by the Landlord may no longer be contested by the Tenant and shall be deemed accepted by him. The Lessor may have the work performed
by companies of its choice, the cost of which shall be borne exclusively by the Lessee.

 

16.5
Downtime compensation

 

In
the cases referred to in Article 16.4 above, the Tenant shall owe the Landlord an immobilization indemnity equal to the amount of the
last rent (including tax) and charges, calculated on a pro rata temporis basis, during the time the premises are immobilized to carry
out the repairs incumbent upon the Tenant after the expiration of the Lease; the Landlord undertakes to make every effort to carry out
the said repairs.

 

It
is reminded that in the event that the Tenant does not vacate the Rented Premises on the due date, he/she shall owe the Landlord the
occupancy indemnity set forth in article 18 - 4ème.

 

Article
17: Tolerance

 

A
tolerance relating to the application of the clauses and conditions of the Lease may never, regardless of its frequency or duration,
be considered as a modification or deletion of these clauses and conditions.

 

 

 

    Page 23 of 34

     

    

 

Article
18: Resolutive clause, sanctions

 

In
the event of non-payment of a single term or fraction of a term of the Rent and/or its accessories at their exact due date, of any sum
due for a rent revision or a renewal of the Lease or in the event of non-performance of any of the conditions and obligations of the
Lease (General Conditions and Special Conditions in their entirety), and one month after a In the event of a simple order to pay or to
execute the present clause, the Lease shall be terminated by operation of law if the Landlord sees fit, even in the event of payment
or execution after the expiration of the above-mentioned period. Jurisdiction is given to the Summary Jurisdiction Judge to note the
breach and the operation of this clause and to evict the Tenant.

 

In
the event of termination of the Lease for reasons attributable to the Tenant, the security deposit and the prepaid rents, if any, shall
remain vested in the Landlord as first damages without prejudice to the provisions of Article 1760 of the Civil Code.

 

All
costs of pre-litigation reminders, fees and costs of proceedings, summonses, lawsuits, protective or enforcement measures as well as
all costs of lifting the registration status and notification that may be necessary shall be borne by the Tenant.

 

The occupancy indemnity payable by the Tenant in
the event of non-delivery of the Leased Premises, after termination of the Lease by operation of law or by court order, or after expiration
of the Lease, shall be established on the basis of the total rent for the last year of the lease, increased by fifty (50) %, in addition
to all the accessories to the Rent.

 

In
the event of non-payment of any amount due under the Lease and its consequences, the amount of each unpaid installment shall, at the
expiration of a period of fifteen days from the due date, be automatically increased by 10% as a fixed penalty without prejudice to the
possible application of the resolutory clause.

 

By
express agreement, this penalty shall apply automatically upon expiration of the above period without any notice of default having been
served.

 

In
the event of repeated non-compliance by the Tenant with its obligations, the Landlord shall have the distinct option, fifteen days after
a simple notification by registered letter with acknowledgement of receipt that has remained without effect, to have the non-compliant
obligation performed by any service provider of its choice, at the Tenant’s expense, risk and peril, the resulting costs shall be automatically
added to the first following term. In no case shall the above clause be considered as a comminatory or a style clause. It contains an
express derogation, intended and accepted by the Parties, to the last paragraph of Article 1184 of the Civil Code.

 

Article
19: Environment

 

19.1
Work and respect for the environment

 

For
the execution of the work to be carried out by the Tenant, both at the outset and during the term of the Lease, the Tenant undertakes
to comply with all standards and regulations in force relating to the protection of the environment and not to use any material likely
to present a danger to the safety of the occupants of the Leased Premises or of the Building and/or the real estate complex.

 

If
the materials used by the Lessee are prohibited by a new provision, the Lessee shall be personally responsible for all the resulting
consequences: research, diagnosis, removal or other, even though the work and improvements may have been acquired by the Lessor in the
meantime, without any recourse against the Lessor.

 

 

 

    Page 24 of 34

     

    

 

19.2
State of risks and pollution

 

Attached
hereto (Appendix 2) is the risk and pollution report provided for in articles L.125-5 and R.125-26 of the Environmental Code,
of which the Tenant declares to have full knowledge.

 

If
necessary, the Landlord further declares that to its knowledge (i) the Leased Premises have not suffered any loss that has given rise
to the payment of an indemnity pursuant to Article L.125-2 or Article L.128-2 of the Insurance Code during the period of its ownership
thereof and (ii) that it has not itself been informed of any such loss at the time of acquisition of the Leased Premises.

 

The
Tenant being thus informed of this situation, undertakes to deal with it personally without recourse against the Landlord.

 

19.3
Diagnostic of Energy Performance

 

An
energy performance diagnosis (DPE) is attached hereto (Appendix 3), in application of articles L.134-3-1 and following of the
Construction and Housing Code, of which the Tenant declares to have full knowledge and to make its own personal arrangements, without
recourse against the Landlord.

 

19.4
Asbestos Technical Diagnosis

 

Under
the terms of Article R.1334-29-5 of the Public Health Code amended by the Order of December 21, 2012 on the general safety recommendations
and the content of the summary sheet of the “asbestos technical file”, owners of built buildings containing materials
likely to release asbestos fibers are required, since January 1er 2013, to establish an asbestos technical file (DTA) and communicate
it to the occupants of their building.

 

Consequently,
an asbestos technical file relating to the Building is attached to the Lease (Appendix 4) or will be sent to the Tenant by the
Landlord three months at the latest after the signature of the Lease.

 

The
Lessor prohibits the Tenant from carrying out or having carried out any work whatsoever, even if not subject to authorization under the
terms of the Lease, without having taken or had taken cognizance of the said DTA by the companies and having justified it beforehand
to the Lessor.

 

During
the fitting out of the Leased Premises, the Tenant shall carry out, at its own expense, an asbestos diagnosis before the works if necessary.

 

Article
20 Status of Work Performed by the Lessor

 

In
accordance with the provisions of Article L.145-40-2 of the Commercial Code as amended by Law No. 04-626 of June 18, 2014, the Lessor
shall deliver to the Lessee upon signature of this Agreement, and then every three years, the following documents:

 

		-	A
                                            statement of the work done in the three years preceding the conclusion of the Lease, specifying
                                            its cost (Appendix 5).

 

		-	An
                                            estimate of the work to be performed within three years of the signing of the lease, together
                                            with a projected budget (Appendix 6).

 

 

 

    Page 25 of 34

     

    

 

It
is specified that this statement, which shall be updated at least every three years by the Lessor, has been drawn up for information
purposes only and that it may be modified at any time by the Lessor, of which the Lessee acknowledges.

 

Consequently,
the Lessor reserves the discretionary right to carry out or not the works mentioned in the above-mentioned provisional statement and
that, in the latter case, the Tenant shall not be able to claim any reduction in rent and/or indemnity whatsoever, nor to contest the
reimbursement of charges, in the event that all or part of the planned works have not been carried out, as well as in the event that
the Lessor carries out works that were not initially envisaged

 

The
Landlord shall inform the Tenant during the course of the lease of any element likely to modify the distribution of charges among the
tenants of the Building.

 

Article
21 Modifications - Tolerances - Severability - Confidentiality - Conditions of formation of the contract - Unforeseeable

 

21.1
- Modifications

 

Any
modification of this Agreement shall be made only by agreement between the parties in writing.

 

21.2
- Tolerances

 

The
Tenant expressly acknowledges that all tolerances on the part of the Landlord relating to the above-mentioned clauses and conditions,
regardless of their frequency or duration, may in no case be considered as modifying or eliminating these clauses and conditions, nor
as generating any right whatsoever. The Lessor shall always be free to require, without prior notice and by any means, the strict application
of the conditions which have not been the subject of a prior express written modification.

 

21.3
- Divisibility

 

If
at any time any provision hereof shall be unlawful, void or for any reason unenforceable in whole or in part under the laws of any state
or territorial unit, the legality, validity and enforceability of the remaining provisions hereof shall not in any way be affected or
impaired thereby.

 

21.4
- Privacy Policy

 

The
Lessor and the Lessee agree to keep the terms and conditions of the Lease confidential and to take all steps to ensure that such confidentiality
is maintained by all their employees and assigns, as well as by their respective counsel, consultants and agents.

 

Each
of the Parties shall refrain from publicizing the execution of the Lease in a press release or by any other means of communication without
the prior written consent of the other Party.

 

 

 

    Page 26 of 34

     

    

 

21.5
- Conditions of formation of the Contract - Unforeseeability

 

The
Parties acknowledge that the Lease (including its annexes) was freely negotiated in good faith between them, each Party having been assisted
in this regard by its counsel, and that the Parties have entered into the Lease with full knowledge, awareness and understanding. Each
of the Parties acknowledges that the other Party has requested from it the information that was of decisive importance to the former
in order to obtain its consent to the conclusion of the lease within the meaning of Article 1112-1 of the Civil Code.

 

Throughout
the term of the lease and its successive renewals, each of the Parties irrevocably and unequivocally waives the benefit of Article 1195
of the Civil Code relating to unforeseeability and consequently refrains from requesting its application unless otherwise provided by
law or jurisprudence.

 

Article
22 Fees

 

All
rights, expenses and fees for the drafting of the present document, the agency commission and those which will be the result and consequence
thereof shall be borne and paid by the Tenant who expressly undertakes to do so.

 

Article
23 Election of domicile

 

For
the execution of the present contract and its consequences, including the service of all documents, the Parties elect domicile:

 

The
Lessor: at its registered office, 9 rue de Vienne, Paris 8ème or that of its agent. The Tenant: in the Rented Premises.

 

 

 

    Page 27 of 34

     

    

 

	II/SPECIAL CONDITIONS

 

Article
1: Designation of the Rented Premises

 

In
a building complex located at 4, rue Auber in the 9ème district of Paris:

 

	 	■	Office
    premises located on the 4ème floor of the building on the Mathurins side, with a surface area of approximately 545 sq.m. including
    a share of the common areas,

 

The
delimitation plans of the Leased Premises are attached to the Lease (Appendix 1).

 

Article
2: Effective Date and Term of the Lease

 

The
Lease will take effect on 01/10/2022 and end on 30/09/2031. The lease is for a term of nine firm and consecutive years.

 

In
accordance with the provisions of article L.145-4 of the Commercial Code, the Tenant will have the option of giving notice for the expiration
of each three-year period.

 

Article
3 : Destination of the Rented Premises

 

The
Tenant shall occupy the Leased Premises exclusively for office use in connection with its software publishing business (Appendix 7).
It is specified that the regulations applicable to the Building are the Labor Code and that the Building is not classified as an ERP.

 

Article
4: Rent

 

The
annual rent amounts to 376 050 € (THREE HUNDRED AND SEVENTY-SIX THOUSAND AND FIFTY EUROS) excluding tax and excluding charges,
to which is added VAT at the current rate.

 

Rent-free:

 

The
Lessor grants the Tenant a deductible of four (4) months of the current global rent, i.e. 125 350 € (ONE HUNDRED AND TWENTY THOUSAND
AND FIFTY EUROS), to From the effective date of the lease, i.e. from October 1, 2022 to January 31, 2023.

 

The
amount of the deductible shall be calculated on the basis of the principal rent in effect on the date the deductible is applied. This
rent deductible shall not, however, exempt the Lessee from paying the charges and taxes incumbent upon the Lessee as of the effective
date of the Lease.

 

This
rent-free period has not been granted in consideration of any particular service, but is the result of an overall agreement of the Parties
on the general economy of the Lease. As a result, this rent-free period is not to be considered as a reciprocal service separate from
the Lease and its financial and contractual terms as a whole, and is therefore not subject to VAT.

 

Article
5: Tax system

 

VAT

 

 

 

    Page 28 of 34

     

    

 

Article
6: Indexing

 

Index
of rents for commercial activities (ILAT)

The
initial reference index will be that of 2Q 2022 (to be published)

 

Article
7: Security deposit

 

At
the signature of the lease, the security deposit amounts to 3 months of initial rent excluding VAT/HC, i.e. the sum of 94 012,50 €
(FOURTEEN FOURTEEN THOUSAND TWELVE EUROS AND FIFTY CENTS).

 

The
Tenant shall send to the Landlord, by e-mail, the proof of the bank transfer of the security deposit, on the day of the signature of
the Lease.

 

As
a reminder, this security deposit must be increased or decreased when the amount of the rent is modified so that it is always equal to
three months’ rent excluding taxes.

 

Article
8: First demand bank guarantee

 

To
guarantee all of its obligations under the Lease and its consequences, the Tenant shall provide the Landlord, within a maximum period
of three (3) months from the Effective Date of the Lease, with an autonomous first demand bank guarantee, subject to the provisions of
Article 2321 of the Civil Code, issued by a first rank French banking institution having its registered office or branch in France, substantially
in accordance with the model annexed to the Lease (Appendix 8), in an amount corresponding to nine months’ Rent excluding taxes
and charges (hereinafter the “GAPD”).The amount of the GAPD (guarantee on first demand) amounts to 9 months’ initial
rent excluding taxes and charges, i.e. the sum of 282,037.50 € (TWO HUNDRED AND EIGHTY TWO THOUSAND AND FIFTY EUROS).

 

In
the event of failure to deliver a GAPD in accordance with these provisions within the aforementioned period, the Lessor may, if it so
chooses, implement the termination clause of the Lease, under the conditions provided for in Article 18 of the General Conditions.

 

The
amount guaranteed shall at all times be at least equal to 9 months of the Rent excluding taxes and charges. This amount shall be indexed
at the same time as the Rent so as to always correspond to one year’s Rent excluding taxes and charges.

 

The
GAPD shall become effective on the Effective Date of the Lease and shall remain in effect until the expiration of five (5) months from
the end of the nine (9) year term of the Lease.

 

In
the event that the Lease is tacitly extended, the Lessee shall submit a new GAPD, drawn up in accordance with the provisions of this
Article, no later than fifteen (15) days prior to the expiration of the previous GAPD, said GAPD may then be limited to one
(1) year but must be renewed during the entire tacit extension period of the Lease. If the Tenant fails to submit a new GAPD at
least fifteen (15) days prior to the expiration of the GAPD coming to an end, the Landlord shall be entitled to enforce the GAPD
prior to its expiration for the full amount thereof.

 

If
the GAPD is called upon, a new guarantee of the same amount and duration issued by a first rank French bank shall be given to the
Lessor, at the latest within thirty (30) days. If the Tenant is unable to provide the Lessor with the GAPD within the aforementioned
period, the Tenant shall provide the Lessor, at the latest at the end of the thirty (30) day period following the activation of the
GAPD, with a sum corresponding to the GAPD that should have been remitted, by bank transfer. This amount shall be reimbursed to the
Tenant by the Landlord within five (5) business days upon delivery by the Tenant to the Landlord of the original of the new
GAPD.

 

 

 

    Page 29 of 34

     

    

 

Failing
this, the Lessor may, if it sees fit, implement the resolutory clause of the Lease, under the conditions set forth in Article 18 of the
General Conditions.

 

The
GAPD shall expressly stipulate that it is subscribed for the benefit of the Landlord and all successive lessors and/or owners of the
Leased Premises, provided that such transfer does not contravene the guarantor’s obligations as to the identity of the transferee
with respect to the fight against money laundering and the financing of terrorism and international sanctions. Thus, in the event of
the sale of the Leased Premises, the successive lessors and/or owners shall automatically become beneficiaries of the GAPD.

 

In
the event of an assignment or contribution of the Lease, the assignee (or transferee) shall provide to the Landlord, prior to the date
of assignment or contribution of the Lease, a new independent bank guarantee established in accordance with the provisions of this Article

 

Article
9: Distribution of charges

 

The
distribution of charges between the various tenants occupying the building complex on which the Rented Premises depend is specified in
the attached table (Appendix 8).

 

The
Landlord shall inform the Tenant of any element likely to modify the allocation of charges between tenants. The Landlord may modify this
allocation during the term of the Lease without the prior agreement of the Tenant, provided that such modification is justified (modification
of the common areas of the Building, adjustment of the allocation keys to the surface area of the Rented Premises, etc.).

 

Article
10: Waiver of the general conditions

 

10.1
Security deposit

 

Notwithstanding
Article 6 of the General Conditions, the 5ème paragraph is amended as follows:

 

“This
security deposit shall be refunded to the Tenant at the end of the use of the Leased Premises, after deduction of all sums due by the
Tenant for the occupancy of the Leased Premises and, upon completion of the final accounting, within a maximum period of three (3) months
thereafter.”

 

10.2
Maintenance, work, repairs

 

By
derogation, article 9.4 of the general conditions is modified as follows:

 

“By
express agreement between the Parties, the Tenant shall carry out at its own expense, risk and peril, notwithstanding Articles 1719,
1720 and 1755 of the Civil Code, as and when required, and shall bear the cost of or reimburse the Landlord for all work, repairs, replacements
and expenses of any nature whatsoever, regardless of the cause, nature and importance thereof, including those due to force majeure or
obsolescence, with the exception of the major work referred to in Article 606 of the Civil Code or work to bring the Leased Premises
into compliance with the law, or work attributable to the Landlord, including those due to force majeure or obsolescence, with the exception
of the major works referred to in Article 606 of the Civil Code or works to bring the Leased Premises into compliance with the law or
those attributable to obsolescence falling within the category of the major works referred to in Article 606 of the Civil Code, which
shall remain the responsibility of the Lessor in accordance with the provisions of Article R.145-35 of the Commercial Code.

 

 

 

    Page 30 of 34

     

    

 

In
this context, the Tenant shall in particular, and without this list being in any way exhaustive:

 

	 	-	Carry
    out at its own expense all work and in particular repair, restoration, modernization, repair or replacement, which is or will become
    necessary to the Leased Premises and their installations, (such as, if they exist, those of heating, air cooling, ventilation, technical
    equipment, access controls, security and safety systems, electricity, lighting, wiring, glazing, woodwork and closures, plumbing,
    sanitary facilities, carpets, ceilings and false ceilings, walls, partitions, floors, roofs, pipes, zinc work... ),
	 	 	 
	 	-	Carry
    out at its own expense all work, improvements, installations and constructions to bring the Rented Premises and the Building on which
    they depend into conformity with current and future regulations, in particular in terms of environmental protection, hygiene, health,
    safety, road safety, police and labor regulations, as well as, where applicable, in terms of ERP regulations for the category on
    which its activity depends, rules applicable to high-rise buildings and accessibility rules for persons with reduced mobility.
	 	 	 
	 	-	To
    maintain in a very good state of cleanliness, maintenance and repair of any kind the Rented Premises and their equipment as well
    as the installations, installations, decorations and embellishments carried out by him having the nature of building by destination.

 

He
will take care of the very good maintenance and repair of his electrical, telephone, data- processing networks and the lightings. He
will take all precautions against the frost. He will make proceed, if necessary, with the annual sweeping of the smoke ducts to his use.

 

He
shall paint the Leased Premises as often as necessary, maintain the floor coverings in a very good state of repair and in particular
remedy the appearance of stains, burns, tears, holes or detachments and ensure the safety of use and circulation so as to return them
at the end of the lease in very good condition.

 

In
general, he shall subscribe to all maintenance contracts and repair as and when necessary any deterioration that may occur in the Leased
Premises and replace, if necessary, what could not be repaired.

 

10.3
Subletting and domiciliation

 

Notwithstanding
the provisions of article 11 of the general conditions, the Tenant shall have the option of domiciling and/or partially subletting the
rented premises to another company corresponding to the standing of the building. The Tenant will then be authorized to sublet under
the following conditions:

 

		-	the
surface area subject to the said sublease shall not exceed 49% of the leased premises,

 

		-	the
Lessor must be notified in advance by registered mail with acknowledgement of receipt at least one month before the sublease takes effect,

 

		-	the
leased premises forming an indivisible whole in the common intention of the Parties, any sub-lease shall not create direct rights of
any sub-lessees towards the Lessor, and in particular, the Lessee shall not grant sub-tenancies whose expiry date would be later than
the end of the lease,

 

		-	in
case of termination of the present contract by the Tenant, the Tenant shall be personally responsible for the release of the premises
by the sub-tenant.

 

		-	the
sub-lessee shall operate the premises in accordance with the purpose of the lease,

 

		-	the
amount of the sub-rent / m2 / year cannot be higher than the amount of the rent / m2 / year.

 

 

 

    Page 31 of 34

     

    

 

The
above provisions shall be expressly included in any sublease agreement so that the sublessee is fully aware of them.

 

Finally,
if these subleases lead to a particular development of the surfaces, the Tenant shall submit to the Landlord for formal approval the
complete development file to verify, in particular, the compliance of the said development with safety regulations.

 

No
improvements may be made in the leased premises before the Lessor has formally given its consent.

 

For
subleases authorized in this way, the Lessor waives the right to intervene in the signing of the sublease deed and relieves the Lessee
of the formalities provided for in Article L.145-31 of the Commercial Code. However, a signed copy of the sublease deed shall
be communicated to the Lessor within fifteen days of the signature, under penalty of nullity of the sublease.

 

The
Tenant shall remain solely liable for all rents, charges and accessories and shall remain liable for all obligations under the Lease,
so that the Landlord shall only have to know one and only one tenant, holder of the Lease for the entirety of the Leased Premises and
solely and exclusively responsible for the payment of rents and the performance of the charges and conditions of the Lease, the Landlord
not intending, under any circumstances, to have any legal relationship with any subtenants.

 

The
general terms and conditions of the sublease shall be consistent with those set forth in the Lease.

 

In
no case may the sub-lease be granted for a period longer than the remaining term of the Lease.

 

In
no case may the sublease be granted for a rent higher than that of the Lease. The sublease contract must contain

 

	 	●	a
    clause by which the sub-lessee declares that it is fully aware and acknowledges that the fate of the sub-lease follows that of the
    Lease, the expiration or termination of the latter, for whatever reason, will automatically result in the termination of the former;
	 	 	 
	 	●	a
    clause by which the sub-lessee declares that it is fully aware and acknowledges that the Leased Premises are indivisible in the common
    intention of the Parties, and that it may not invoke any direct right against the Lessor.

 

In
the event of application of the provisions of the second paragraph of Article L.145-32, the terms and conditions of the new lease shall
be in accordance with the present lease, except for the amount of the Rent which shall be fixed in accordance with the usual terms and
conditions, based on the rental value of the Leased Premises.

 

 

 

    Page 32 of 34

     

    

 

Done
in Paris, on 20/07/2022

 

In
three copies, one of which is given to each of the Parties.

 

The
Lessee The Lessor

 

 

 

    Page 33 of 34

     

    

 

List
of Annexes :

 

Appendix
1: Plans of the Rented Premises

Appendix 2: State of Risks and Pollution

Appendix
3: Energy performance diagnosis

Appendix 4: Asbestos technical file

Appendix
5: Summary of the work carried out by the Lessor

Appendix 6: Provisional statement of the work carried out by the Lessor

Appendix 7:
Kbis extract

Appendix
8: Rental Expense Allocation Table Appendix 9: GAPD

 

    Page 34 of 34

     

    

 

 

     

     

    

 

 

     

     

    

 

 

     

     

    

 

 

     

     

    

 

 

     

     

    

 

 

     

     

    

 

 

     

     

    

 

 

     

     

    

 

 

     

     

    

 

 

     

     

    

 

 

     

     

    

 

 

     

     

    

 

 

     

     

    

 

 

     

     

    

 

 

     

     

    

 

 

     

     

    

 

 

     

     

    

 

 

     

     

    

 

 

     

     

    

 

 

     

     

    

 

 

     

     

    

 

 

     

     

    

 

 

     

     

    

 

 

     

     

    

 

 

     

     

    

 

 

     

     

    

 

 

     

     

    

 

 

     

     

    

 

 

     

     

    

 

 

     

     

    

 

 

     

     

    

 

 

     

     

    

 

 

     

     

    

 

 

     

     

    

 

 

     

     

    

 

 

     

     

    

 

 

     

     

    

 

 

     

     

    

 

 

     

     

    

 

 

     

     

    

 

 

     

     

    

 

AUTONOMOUS BANK GUARANTEE
ON FIRST DEMAND

 GOVERNED BY ARTICLE 2321 OF THE CIVIL CODE

 

ISSUED BY :

 

BNP PARIBAS, a public limited
company with a capital of 2,496,865,996 euros, having its registered office in PARIS (75009), 16 Boulevard des Italiens, registered under
number 662042449 - RCS Paris - identifier CE FR 76662042449 - orias n°07 022 735, represented by [  ], duly empowered for the purpose
of the present document by virtue of the powers of attorney of which a copy is attached hereto as Appendix 1 (hereinafter the “Guarantor”)

 

IN FAVOR OF :

 

xx, a public limited company whose
registered office is located at xx, registered under the number xx RCS Paris (hereinafter the “Beneficiary”),

 

IT BEING PREVIOUSLY STATED THAT:

 

		1.	By private deed
                                            dated in Paris on xx,

 

		2.	XX,
                                            a simplified joint stock company whose registered office is located at xxx- 75010 Paris,
                                            registered under the number XXX RCS Paris (the “Principal”) has entered
                                            into a commercial lease in the future state of completion (the “Lease”)
                                            with the Beneficiary, in its capacity as Lessor, covering the entirety of the real estate
                                            complex for office use located at XXXX (the “Rented Premises”).

 

		3.	In article 3 of
                                            the Lease, the parties have agreed that the Principal shall provide the Beneficiary with
                                            an autonomous bank guarantee on first demand from a first rank bank with an establishment
                                            in France, in order to guarantee the Beneficiary the payment of a sum of XXX € corresponding
                                            to XXX.

 

		4.	Consequently, the Guarantor
                                            has issued, on the instruction of the Instructing Party, this autonomous first demand bank
                                            guarantee in favor of the Beneficiary (the “Guarantee”).

 

		5.	The Guarantor expressly
                                            agrees that this statement is only indicative and shall not affect or call into question
                                            the autonomous and independent nature of the Guarantee in relation to the obligations contracted
                                            by the Principal towards the Beneficiary under the Lease, in accordance with Article 2321
                                            of the Civil Code.

 

IT IS AGREED AS FOLLOWS:

 

		1.	GUARANTEE

 

Pursuant to the provisions of Article
2321 of the Civil Code, the Guarantor undertakes, by way of an autonomous guarantee, to pay to the Beneficiary, irrevocably and unconditionally,
at the Beneficiary’s first request, the maximum sum of XXX (the “Maximum Guaranteed Amount”).

 

     

     

    

 

As a result of the autonomous nature of
its commitment, the Guarantor acknowledges that it may not raise any objection or exception whatsoever to oppose its payment under the
Guarantee, defer it or discuss the amount thereof.

 

The Guarantee constitutes an autonomous,
irrevocable and unconditional commitment of the Guarantor; therefore, the Guarantor shall remain bound regardless of any circumstance
that may affect the Principal’s commitment under the Lease. Thus, the Guarantor shall not be entitled to rely on any nullity, termination,
rescission, set-off or other exception affecting or resulting from the Lease or from any other legal relationship between the Principal
and the Beneficiary or any other third party. The Guarantor’s commitment is irrevocable and unconditional notwithstanding any challenge
by the Principal or any third party.

 

		2.	DURATION

 

The Guarantee shall remain in full
force and effect from the date of its execution and shall expire on XXX (the “Expiration Date”).

 

It is specified that any request received
by the Guarantor before the Expiration Date shall be satisfied in accordance with the terms of this Guarantee within the limit of the
Maximum Guaranteed Amount referred to in Article 1. Any request made after this date shall be null and void, it being understood that
a Notification sent before or at the latest on the Expiration Date, at midnight, Paris time, but which is received by the Guarantor after
this Expiration Date, shall be validly binding on the Guarantor, which shall be bound to honor its payment obligation, under the terms
and conditions of the Guarantee. Consequently, the return of this Guarantee shall not be necessary to establish its lapse after the Expiration
Date.

 

		3.	WARRANTY CALL

 

Amounts may be called under the Guarantee
in one or more instalments by means of a written request made by the Beneficiary to the Guarantor by registered letter with acknowledgement
of receipt specifying the amount of the sum to be paid by the Guarantor to the Beneficiary within the limit of the Maximum Guaranteed
Amount referred to in Article 1;

 

(a “Notification”).

 

Any Notification shall constitute in
this respect the only document necessary to obtain payment of the sums claimed without the Guarantor being able to contest its content.

 

Each Guarantee Call Notification shall
be validly addressed to the Guarantor at the following address (or any other address that may have been notified by the Guarantor to the
Beneficiary no later than fifteen (15) days prior to sending a Guarantee Call Notification):

 

APAC Financement des Entreprises IDF

 8 rue de Sofia

75018 PARIS

 

		4.	PAYMENT

 

Subject to compliance with the terms
of this Guarantee, the Guarantor undertakes to pay to the Beneficiary the amount indicated in the relevant Notification up to the Maximum
Guaranteed Amount, no later than three (3) days following the date of first presentation of this Notification to the Guarantor, in accordance
with the instructions contained therein.

 

    2

     

    

 

The Guarantor
irrevocably waives the right to (i) raise against the Beneficiary any objection, exception, protest, reservation or to rely on the
fulfilment of a condition or verification of any kind whatsoever prior to payment, provided that the Notification sent by the
Beneficiary complies with the provisions of Article 3, in particular in the event that the Principal contests by any means
whatsoever, in whole or in part, a payment requested by the Beneficiary, or if any of the obligations entered into by the Principal
are cancelled, terminated, lapsed or cannot be performed for any reason whatsoever, and (ii) defer the performance of its
undertaking for any reason whatsoever.

 

It is hereby specified that the Guarantor
shall not be the judge of the content of the Notification, the occurrence of circumstances justifying a Notification and the amount thereof
shall be established exclusively with respect to the Guarantor by the receipt of said Notification, the Guarantor’s commitment under the
terms of this Guarantee being autonomous and independent of the legal effects of the Lease, the Guarantor being bound to perform notwithstanding
any exceptions or disputes of any kind whatsoever, in particular those relating to the fundamental relationship or the relationship between
it and its Principal

 

Any amount not paid by the Guarantor
hereunder within such period shall automatically bear interest, from the date due until the date of actual payment, at the legal rate
of interest increased by five hundred bank basis points with a minimum of 10%.

 

The amount called under the Guarantee
shall be paid by the Guarantor by transfer to the bank account opened in the name of the Beneficiary, which must be mentioned in the Notification.

 

All costs related to the issuance and
execution of the Guarantee shall be borne exclusively by the Guarantor.

 

		5.	NON-WAIVER

 

The non-exercise or late exercise by
the Beneficiary of any right under the Guarantee shall not constitute a waiver of such right, nor a discharge by the Guarantor of its
obligations under the Guarantee.

 

Furthermore, the partial exercise of
a right shall not preclude the exercise in the future of the right that has not been fully exercised. The rights referred to in this section
do not preclude the exercise of any right that may arise from statutory provisions.

 

		6.	TRANSMISSION OF THE GUARANTEE

 

The Guarantor shall remain bound by
the terms of the Guarantee (i) notwithstanding any merger, demerger, transfer of all assets and liabilities, partial contribution of assets
or other reorganization of any kind whatsoever of the Beneficiary or the Instructing Party with another company, and (ii) notwithstanding
any change, in particular in the legal form or in the person of the Beneficiary or the Instructing Party, even if such transaction results
in the creation of a new entity.

 

The Guarantee shall
automatically benefit and be transferred to any new owner of the Leased Premises, provided that the Beneficiary notifies the
Guarantor of this transfer in advance by registered letter with acknowledgement of receipt, accompanied by proof of this change,
provided that the successor complies with the Guarantor’s counterparty identification procedures (KYC), to ensure compliance with
regulations relating to the fight against money laundering and the financing of terrorism and is not on the sanctions lists of
France, the European Union, the United States of America or the United Nations.

 

    3

     

    

 

The Guarantor shall remain bound by
the terms of the Guarantee even in the event of cessation of payments, receivership, amicable settlement, judicial liquidation, bankruptcy
or any similar situation of the Instructing Party or the Beneficiary as well as in the event of a change in its legal form.

 

The Guarantee shall be binding on the
Guarantor’s successors and assigns on a universal basis in any manner whatsoever, including as a result of a merger, spin-off or partial
contribution of assets.

 

		7.	MISCELLANEOUS

 

In the event that one of the provisions
of the Guarantee is invalid or impossible to perform, this circumstance shall not affect the validity of the other provisions. The Guarantor
and the Beneficiary shall then approach each other in order to negotiate in good faith the replacement of the invalid or impossible-to-perform
stipulation by a new stipulation whose purpose and effects shall be as close as possible to those of the stipulation replaced.

 

The Guarantor hereby agrees that the
application of the provisions of Article 1195 of the Civil Code to its obligations under the Guarantee is precluded and acknowledges that
it shall not be entitled to rely on the provisions of Article 1195 of the Civil Code.

 

		8.	APPLICABLE LAW - JURISDICTION

 

This Guarantee is governed by French
law. The Commercial Court of Paris shall have exclusive jurisdiction over any dispute to which this Guarantee may give rise.

 

Done in 

Paris, on [-],

In one (1) copy,

 

 

The 

Guarantor

 By: [  ]

Title : [  ]

 

 

 

    4

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