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EX-10.12

 Exhibit 10.12 

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 © 2021 Incubator Space 
 Billing Details 

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 Movella Inc 

Crystal Kwong 
 2570 N. First Street, Suite 300 

San Jose, CA 95131 
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Billing email: 
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Plan 
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Office G - Private 221 sqft Double Window Office - 1st Floor 

1,500 USD / month 
 This plan renews automatically. 

Base Price 1,500.00 USD/ month 
 Cancellation Notice 14 days 

Security Deposit 1,500.00 USD 
 Minimum Commitment 1 month 

 Get a 24/7 access private office and access to all areas and amenities Incubator Space has to offer. 

Offices feature keycard/phone access, bamboo floors, window views and premium furniture from Autonomous.ai. [Adjustable height desk(s) and 8 point ergonomic
chair(s).] 
 Rental includes full space membership/24/7 office access for 5 people, with more being available as an addition. 

{ 24/7 Key Card & Phone Access to Incubator Space and Your Private Office 

{ 8am-5pm Access Common Areas 

{ High Speed Wifi/Ethernet 
 { Free Snacks & Drinks 

{ Standard Format Printing: 200 Sheets/month 
 { Conference Room:
8 Hours/month 
 { Business Mailing Address 
 Booking Credits

  

	 	•	 	 1st Floor Conference Room 

8h/month included 
 Terms and
Conditions » 
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 Your Invoices

 Download as PDF 
 You will also receive new invoices via e-mail. 

  
 2 

 Next Invoice for Incubator Space: Dec 01 2021 (1,500.00 USD) 

 

	 	•	 	
incubator-space-11-2021-989

 Nov 01 2021 

1,500.00 USD Not Paid 

Office G - Private 221 sqft Double Window Office - 1st Floor Nov 01 2021 to Nov 30 2021 

 

	 	•	 	 incubator-space-10-2021-1010

 Nov 01 2021 

1,500.00 USD Paid 

Security Deposit Office G 

TERMS & CONDITIONS | COMMERCIAL OFFICE LEASE AGREEMENT 

BETWEEN: 
 Incubator Space LLC of
[                     ] 

Telephone:                    (the “Landlord”)

 OF THE FIRST PART 
 - AND - 

New Incubator Space LLC Member of Cobot Rental Platform 
 See
Cobot Member Account for Tenant Information 
 (the “Tenant”) 

OF THE SECOND PART 
 IN CONSIDERATION OF the Landlord leasing
certain premises to the Tenant, the Tenant leasing those premises from the Landlord and the mutual benefits and obligations set forth in this Lease, the receipt and sufficiency of which consideration is hereby acknowledged, the Parties to this Lease
(the “Parties”) agree as follows: 
 Definitions 
 1.
When used in this Lease, the following expressions will have the meanings indicated: 
 2. “Additional Rent” means all amounts payable by the
Tenant under this Lease except Base Rent, whether or not specifically designated as Additional Rent elsewhere in this Lease; 

  
 3 

 3. “Building” means the Lands together with all buildings, improvements, equipment, fixtures,
property and facilities from time to time thereon, as from time to time altered, expanded or reduced by the Landlord in its sole discretion; 
 4.
“Cobot” refers to the rental platform used by Incubator Space to create, sign, manage and invoice tenants for rent and other services. 
 5.
“Common Areas and Facilities” mean: 
 a. those portions of the Building areas, buildings, improvements, facilities, utilities, equipment and
installations in or forming part of the Building which from time to time are not designated or intended by the Landlord to be leased to tenants of the Building including, without limitation, exterior weather walls, roofs, entrances and exits,
parking areas, driveways, loading docks and area, storage, mechanical and electrical rooms, areas above and below leasable premises and not included within leasable premises, security and alarm equipment, grassed and landscaped areas, retaining
walls and maintenance, cleaning and operating equipment serving the Building; and 
 b. those lands, areas, buildings, improvements, facilities, utilities,
equipment and installations which serve or are for the useful benefit of the Building, the tenants of the Building or the Landlord and those having business with them, whether or not located within, adjacent to or near the Building and which are
designated from time to time by the Landlord as part of the Common Areas and Facilities; 
 c. “Lands” means the land legally described as: Single
Office unit within the Incubator Space LLC suite 110 at 3535 Executive Terminal Drive.; 
 d. “Leasable Area” means with respect to any rentable
premises, the area expressed in square feet of all floor space including floor space of mezzanines, if any, determined, calculated and certified by the Landlord and measured from the exterior face of all exterior walls, doors and windows, including
walls, doors and windows separating the rentable premises from enclosed Common Areas and Facilities, if any, and from the center line of all interior walls separating the rentable premises from adjoining rentable premises. There will be no deduction
or exclusion for any space occupied by or used for columns, ducts or other structural elements; 
 e. “Premises” means the office space at 110,
3535 Executive Terminal Drive, Henderson, NV, 89052. 
 f. “Rent” means the total of Base Rent and Additional Rent. 

Intent of Lease 
 6. It is the intent of this Lease and agreed to
by the Parties to this Lease that rent for this Lease will be on a gross rent basis meaning the Tenant will pay the Base Rent and any Additional Rent and the Landlord will be responsible for all other service charges related to the Premises and the
operation of the Building save as specifically provided in this Lease to the contrary. 

  
 4 

 Leased Premises 

7. The Landlord agrees to rent to the Tenant the office space municipally described as a single office unit in the Incubator Space suite 110, at 3535 Executive
Terminal Drive, Henderson, NV, 89052, (the “Premises”). The Premises will be used for only the following permitted use (the “Permitted Use”): Business and general personal work. Neither the Premises nor any part of the Premises
will be used at any time during the Term by Tenant for any purpose other than the Permitted Use. 
 8. No pets or animals are allowed to be kept in or about
the Premises or in any common areas in the building containing the Premises without the prior written permission of the Landlord. Upon thirty (30) days notice, the Landlord may revoke any consent previously given under this clause. 

9. Subject to the provisions of this Lease, the Tenant is entitled to the use of parking (the ‘Parking’) on or about the Premises. Only properly
insured motor vehicles may be parked in the Tenant’s space. 
 Term 

10. The term of the Lease is a periodic tenancy commencing at 12:00 noon on the day agreed upon by both Tenant and Landlord, and continuing on a month-to-month basis until the Landlord or the Tenant terminates the tenancy (the “Term”). 

Rent 
 11. Subject to the provisions of this Lease, the Tenant
will pay a base rent of [refer to cobot plan agreement], payable per month, for the Premises (the “Base Rent”). 
 12. The Tenant will pay the
Base Rent on or before the First of each and every month of the Term to the Landlord. 
 13. The Tenant will be charged an additional amount of 5.00% of the
Base Rent for any late payment of Base Rent. 
 14. For any rent review negotiation, the basic rent will be calculated as being the higher of the Base Rent
payable immediately before the date of review and the Open Market Rent on the date of review. 
 Use and Occupation 

15. The Tenant will use and occupy the Premises only for the Permitted Use and for no other purpose whatsoever. The Tenant will carry on business under the
name of [Refer to Cobot Member Profile Business Name] and will not change such name without the prior written consent of the Landlord, such consent not to be unreasonably withheld. The Tenant will open the whole of the Premises for business to the
public fully fixtured, stocked and staffed on the date of commencement of the term and throughout the term, will continuously occupy and utilize the entire Premises in the active conduct of its business in a reputable manner on such days and during
such hours of business as may be determined from time to time by the Landlord. 

  
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 16. The Tenant covenants that the Tenant will carry on and conduct its business from time to time carried on
upon the Premises in such manner as to comply with all statutes, bylaws, rules and regulations of any federal, provincial, municipal or other competent authority and will not do anything on or in the Premises in contravention of any of them. 

Security Deposit 
 17. On execution of this Lease, the Tenant
will pay the Landlord a security deposit equal to the amount equal to one months rent (the “Security Deposit”) to be held by the Landlord without interest. The Landlord will return the Security Deposit to the Tenant at the end of this
tenancy, less such deductions as provided in this Lease but no deduction will be made for damage due to reasonable wear and tear. 
 18. The Tenant may not
use the Security Deposit as payment for the Rent. 
 19. Within 2 weeks after the termination of this tenancy, the Landlord will deliver or mail the
Security Deposit less any proper deductions or with further demand for payment to whichever place the Tenant may advise. 
 Quiet Enjoyment 

20. The Landlord covenants that on paying the Rent and performing the covenants contained in this Lease, the Tenant will peacefully and quietly have, hold, and
enjoy the Premises for the agreed term. 
 Distress 
 21. If
and whenever the Tenant is in default in payment of any money, whether hereby expressly reserved or deemed as rent, or any part of the rent, the Landlord may, without notice or any form of legal process, enter upon the Premises and seize, remove and
sell the Tenant’s goods, chattels and equipment from the Premises or seize, remove and sell any goods, chattels and equipment at any place to which the Tenant or any other person may have removed them, in the same manner as if they had remained
and been distrained upon the Premises, all notwithstanding any rule of law or equity to the contrary, and the Tenant hereby waives and renounces the benefit of any present or future statute or law limiting or eliminating the Landlord’s right of
distress. 
 22. If the Tenant continues to occupy the Premises without the written consent of the Landlord at the expiration or other termination of the
term, then the Tenant will be a tenant at will and will pay to the Landlord, as liquidated damages and not as rent, an amount equal to twice the Base Rent plus any Additional Rent during the period of such occupancy, accruing from day to day and
adjusted pro rata accordingly, and subject always to all the other provisions of this Lease insofar as they are applicable to a tenancy at will and a tenancy from month to month or from year to year will not be created by implication of law;
provided that nothing in this clause contained will preclude the Landlord from taking action for recovery of possession of the Premises. 

  
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 Landlord Chattels 

23. The Landlord agrees to supply and the Tenant agrees to use and maintain in reasonable condition, normal wear and tear excepted, the following chattels:

 a. All furniture and decorations unless otherwise requested. 

Tenant Improvements 
 24. The Tenant will obtain written
permission from the Landlord before doing any of the following: 
 a. painting, wallpapering, redecorating or in any way significantly altering the
appearance of the Premises; 
 b. removing or adding walls, or performing any structural alterations; 

c. changing the amount of heat or power normally used on the Premises as well as installing additional electrical wiring or heating units; 

d. subject to this Lease, placing or exposing or allowing to be placed or exposed anywhere inside or outside the Premises any placard, notice or sign for
advertising or any other purpose; 
 e. affixing to or erecting upon or near the Premises any radio or TV antenna or tower, or satellite dish; or 

f. installing or affixing upon or near the Premises any plan, equipment, machinery or apparatus without the Landlord’s prior consent. 

Tenant Chattels 
 25. The Tenant agrees to supply the following
chattels: 
 26. If wanted, tenant can provide their own furniture and/or decorations. Any major large furniture or artwork additions must be approved by
Incubator Space. 
 Utilities and Other Costs 
 27. The
Landlord is responsible for the payment of the following utilities and other charges in relation to the Premises: electricity, natural gas, water, sewer and Internet. 

Abandonment 
 28. If at any time during the Term, the Tenant
abandons the Premises or any part of the Premises, the Landlord may, at its option, enter the Premises by any means without being liable for any prosecution for such entering, and without becoming liable to the Tenant for damages or for any payment
of any kind whatever, and may, at the Landlord’s discretion, as agent for the Tenant, relet the Premises, or any part of the Premises, for the whole or any part of the then unexpired term, and may receive and collect all rent payable by virtue
of such reletting, and, at the Landlord’s option, hold the Tenant liable for any difference between the Rent that would have been payable under this Lease during the balance of the unexpired term, if this Lease had

  
 7 

 
continued in force, and the net rent for such period realized by the Landlord by means of the reletting. If the Landlord’s right of reentry is exercised following abandonment of the premises
by the Tenant, then the Landlord may consider any personal property belonging to the Tenant and left on the Premises to also have been abandoned, in which case the Landlord may dispose of all such personal property in any manner the Landlord will
deem proper and is relieved of all liability for doing so. 
 Attorney Fees 

29. All costs, expenses and expenditures including and without limitation, complete legal costs incurred by the Landlord on a solicitor/client basis as a
result of unlawful detainer of the Premises, the recovery of any rent due under the Lease, or any breach by the Tenant of any other condition contained in the Lease, will forthwith upon demand be paid by the Tenant as Additional Rent. All rents
including the Base Rent and Additional Rent will bear interest at the rate of Twelve (12%) per cent per annum from the due date until paid. 
 Governing Law

 30. It is the intention of the Parties to this Lease that the tenancy created by this Lease and the performance under this Lease, and all suits and
special proceedings under this Lease, be construed in accordance with and governed, to the exclusion of the law of any other forum, by the laws of the State of Nevada, without regard to the jurisdiction in which any action or special proceeding may
be instituted. 
 Severability 
 31. If there is a conflict
between any provision of this Lease and the applicable legislation of the State of Nevada (the ’Act’), the Act will prevail and such provisions of the Lease will be amended or deleted as necessary in order to comply with the Act. Further,
any provisions that are required by the Act are incorporated into this Lease. 
 Assignment and Subletting 

32. The Tenant will not assign this Lease, or sublet or grant any concession or license to use the Premises or any part of the Premises. An assignment,
subletting, concession, or license, whether by operation of law or otherwise, will be void and will, at Landlord’s option, terminate this Lease. 
 33.
Bulk Sale 
 34. No bulk sale of goods and assets of the Tenant may take place without first obtaining the written consent of the Landlord, which consent
will not be unreasonably withheld so long as the Tenant and the Purchaser are able to provide the Landlord with assurances, in a form satisfactory to the Landlord, that the Tenant’s obligations in this Lease will continue to be performed and
respected, in the manner satisfactory to the Landlord, after completion of the said bulk sale. 

  
 8 

 Care and Use of Premises 

35. The Tenant will promptly notify the Landlord of any damage, or of any situation that may significantly interfere with the normal use of the Premises or to
any furnishings or other property supplied by the Landlord 
 36. Vehicles which the Landlord reasonably considers unsightly, noisy, dangerous, improperly
insured, inoperable or unlicensed are not permitted in the Tenant’s parking stall(s), and such vehicles may be towed away at the Tenant’s expense. Parking facilities are provided at the Tenant’s own risk. The Tenant is required to
park in only the space allotted to them. 
 37. The Tenant will not make (or allow to be made) any noise or nuisance which, in the reasonable opinion of the
Landlord, disturbs the comfort or convenience of other tenants. 
 38. The Tenant will not engage in any illegal trade or activity on or about the Premises.

 39. The Landlord and Tenant will comply with standards of health, sanitation, fire, housing and safety as required by law. 

Surrender of Premises 
 40. At the expiration of the lease term,
the Tenant will quit and surrender the Premises in as good a state and condition as they were at the commencement of this Lease, reasonable use and wear and damages by the elements excepted. 

Hazardous Materials 
 41. The Tenant will not keep or have on the
Premises any article or thing of a dangerous, flammable, or explosive character that might unreasonably increase the danger of fire on the Premises or that might be considered hazardous by any responsible insurance company. 

Rules and Regulations 
 42. The Tenant will obey all rules and
regulations posted by the Landlord regarding the use and care of the Building, parking lot and other common facilities that are provided for the use of the Tenant in and around the Building on the Premises. 

General Provisions 
 43. Any waiver by the Landlord of any
failure by the Tenant to perform or observe the provisions of this Lease will not operate as a waiver of the Landlord’s rights under this Lease in respect of any subsequent defaults, breaches or nonperformance and will not defeat or affect in
any way the Landlord’s rights in respect of any subsequent default or breach. 
 44. This Lease will extend to and be binding upon and inure to the
benefit of the respective heirs, executors, administrators, successors and assigns, as the case may be, of each party to this Lease. All covenants are to be construed as conditions of this Lease. 

45. All sums payable by the Tenant to the Landlord pursuant to any provision of this Lease will be deemed to be Additional Rent and will be recoverable by the
Landlord as rental arrears. 

  
 9 

 46. Where there is more than one Tenant executing this Lease, all Tenants are jointly and severally liable
for each other’s acts, omissions and liabilities pursuant to this Lease. 
 47. Time is of the essence in this Lease. 

48. This Lease will constitute the entire agreement between the Landlord and the Tenant. Any prior understanding or representation of any kind preceding the
date of this Lease will not be binding on either party to this Lease except to the extent incorporated in this Lease. In particular, no warranties of the Landlord not expressed in this Lease are to be implied. 

IN WITNESS WHEREOF the Parties to this Lease have duly affixed their signatures by clicking the Accept to Terms & Conditions checkbox on the
Cobot/Incubator Space rental platform. 
 Approved at: 11 Oct 2021 12:23PM 

Email: 
 IP Address: 

  
 10EX-10.13

 Exhibit 10.13 

[LOGO DRIENERLO EXPLOITATIE] 
 LEASE OF OFFICE ACCOMMODATION

 and other business space as referred to in section 7:230a Dutch Civil Code Model by the ROZ (ROZ Real Estate Council of the Netherlands) adopted on
30 January, 2015. 
 Reference to this model and the use thereof is exclusively allowed if the filled-in, added
or alternative text is clearly recognizable as such. Additions and changes preferably need to be included under the heading ‘special conditions’. 

Any liability for negative effects of the use of the model is excluded by the ROZ. 

The Undersigned: 
 The private limited
company Drienerlo Exploitatie B.V., having its offices on (                 ), registered in the trade register of the Dutch Chambers of Commerce under number 06070107,
represented by the private limited company Droste Beheer B.V., having its offices on Wegtersweg 7-19, 7556 BP Hengelo, registered in the trade register of the Dutch Chambers of Commerce under number: 06038469,
in its turn represented by: Mr. J.A. Droste, in his capacity of director of the aforementioned company, hereinafter ‘Lessor’; 
 and:

 The private limited company Xsens Holding B.V., having its offices on Pantheon 6A, 7521 PR Enschede, registered in the trade register
of the Dutch Chambers of Commerce under number 08088230, represented by Mr B. de Bie, in his capacity of executive director of the aforementioned company, hereinafter ‘Lessee’. 

Have agreed the following: 
  

	1.	 Leased space, designated use 

 

	1.1	 Lessor lets to Lessee and Lessee leases from Lessor the business space, hereinafter the ‘leased
space’, located on Pantheon 4 up to and including 8B (numbers existing building 6, 6A, 6B, 8, 8A and 8B, numbers property to be constructed 4, 4A and 4B), 7521PR Enschede, recorded in the land register as Municipality of Lonneker, Section S,
number 3547 and 3548 which business space is further indicated on the drawing and delivery and completion report, attached to this agreement as appendices and constituting a part thereof initialled by the parties. 

 

	1.2	 The leased space will exclusively be designated by or for Lessee for use as Office and/or test space for the
purpose of the activities of Lessee. 

  

	1.3	 Without the prior written permission of Lessor, Lessee is not permitted to give the leased space another
designated use than laid down in article 1.2. 

  

	1.4	 The highest permissible load of the floors on the ground floor amounts to 500 kg/m2. The highest permissible
load of the floors on the upper floors amounts to 250 kg/m2. 

  

	1.5	 On entering into the lease, Lessee [did/did not*] receive a copy of the energy performance label, as referred
to in the Energy Performance (Buildings) Decree, in respect of the leased space. 

 [LOGO DRIENERLO EXPLOITATIE] 
  

	1.6	 If it becomes clear that the surface stated in article 1.1 is not correct, the parties agree that: a difference
with the actual size (oversize or undersize) will make no difference for the rent. 

  

	2.	 Conditions 

  

	2.1	 The ‘GENERAL TERMS AND CONDITIONS LEASE OFFICE SPACE’, and other business space referred to in
section 7:230A Dutch Civil Code, drawn up on 30 January 2015 and deposited with the Clerk of the Court in The Hague, the Netherlands on 17 February 2015, and registered there under number 15/21, hereinafter the ‘General Terms and
Conditions’ form an integral part of this Agreement. The content of these General Terms and Conditions is known to the parties. Lessee and Lessor have both received copies of the General Terms and Conditions. 

 

	2.2	 The General Terms and Conditions referred to in article 2.1 are applicable unless where expressly deviated
therefrom in this agreement, or the application thereof is not possible with respect to the leased space. 

  

	3.	 Term, extension and termination 

 

	3.1	 This agreement is entered into for the duration of 10 years, starting on 01-04-2021 until 31-03-2031. In the event that the completion of the new property is later than
01-04-2021, the commencement date, including the stated dates in the following article, will be transferred to the completion date. In that case, the conditions from the
former lease will remain in force until the completion date. As long as the completion report has not been signed, the new property may not be used. 

  

	3.2	 After the end of the period stated in article 3.1, the lease will be extended for a consecutive period of five
years, therefore until 31-03-2036. 

 This
lease will then be extended for consecutive periods of each time five years. 
  

	3.3	 Termination of this lease will take place by giving notice at the end of a lease period with due observance of
a term of at least one year. 

  

	3.4	 Notice to terminate by either party will take place by bailiffs notification or by registered mail to
Lessor/Lessee. 

  

	4.	 Rent, turnover tax, rent adjustment, payment obligation, payment term 

 

	4.1	 The initial rent of the leased space is €525,000.00 on an annual basis exclusive of VAT, in words five
hundred twenty-five thousand euro. 

  

	4.2	 Parties agree that Lessor will pass on turnover tax in the rent. If no turnover tax in the rent is passed on,
it is agreed that Lessee, in addition to the rent, will be due a separate compensation to Lessor to compensate the loss that Lessor and/or his legal successor(s) incur or will incur because the turnover tax on the investments and operating costs of
Lessor are (no longer) tax deductible. In that case, the provisions of article 19.1 up to and including 19.9 of the General Terms and Conditions will not be applicable. 

  

					
	Initials Lessor	 	2	 	Initials Lessee

 [LOGO DRIENERLO EXPLOITATIE] 
  

	4.3	 In the event that the parties agree that turnover tax in the rent is passed on, Lessee and Lessor make use of
the option, on the grounds of Notification 45, decision of 24 March 1999, no. Wealth Tax Act (`VB’) 99/571 to refrain from submitting a joint request opting for turnover taxed rent. By signing the lease, Lessee declares also on behalf of
the legal successor(s) of Lessor that he will permanently use the leased space or will permanently have it used for purposes for which a full or virtually full right of turnover tax deduction exists on the grounds of section 15 of the Turnover Tax
Act 1968. 

  

	4.4	 The financial year of Lessee will run from 1 January up to and including 31 December.

  

	4.5	 The rent will be adjusted annually as per 1 April, for the first time as per 1 April 2020 in
accordance with article 17.1. up to and including 17.4 of the General Terms and Conditions. 

  

	4.6	 The compensation that Lessee may be due for or because of additional supplies and services to be provided by
Lessor, will be determined in accordance with article 16 of the General Terms and Conditions. These compensations will be effected through advance payments, with setoff at a later date, as determined in the stated articles. 

 

	4.7	 

  

	4.7.1	 The payment obligation of Lessee consists of: 

 

	 	•	 	 the rent; 

  

	 	•	 	 the turnover tax due on the rent if the parties have agreed that turnover tax in the rent is passed on.

  

	4.7.2	 Lessee will no longer be due turnover tax on the rent if the leased space may no longer be leased with turnover
tax whereas parties had agreed thereto. 

 If that is the case, the compensations referred to in article 19.3.a of the
General Terms and Conditions will substitute the turnover tax and the compensation referred to in article 19.3.a sub I will in advance be set at 21% of the actual rent. 
  

	4.8	 Per payment term of 03 (three) calendar months at the start of the lease the periodical payment amounts to:

  

					
	 •   the rent
	  	€	131,250.00	 
	 •   the turnover tax due over the rent
	  	€	27,562.50	 
	 •   the advance payment of the compensation for the supplies and services
to be provided by or on behalf of Lessor plus the turnover tax due on such supplies and services
	  	€	0.00	 
		  	  
	  
	 
	 •   total
	  	€	158,812.50	 

  

					
	Initials Lessor	 	3	 	Initials Lessee

 [LOGO DRIENERLO EXPLOITATIE] 
  

in words: one hundred fifty thousand eight hundred twelve euro and fifty eurocent. 

 

	4.9	 In view of the effective date of the lease, the first payment by Lessee concerns the period from 01-04-2021 up to and including 30-06-2021 and the amount due on this first rent period is
€158,812.50. 

 This amount is including turnover tax, also the turnover tax in the rent that is passed on, but only
if Lessor is due turnover tax on the rent. 
 Lessee will pay this amount before or as per 31 March 2021. 

 

	4.10	 The periodical payments on account of this lease as laid down in article 4.8 are to be paid in advance in one
lump sum in euro and must be fully paid before or on the first day of the period to which such payments relate. 

  

	4.11	 Unless stated otherwise, all amounts in this lease and the General Terms and Conditions that are a part thereof
are exclusive of turnover tax. 

  

	5.	 Supplies and services 

Parties agree that Lessee will conclude contracts itself in respect of mains services, cleaning, garden maintenance and suchlike. Lessor will
therefore not charge Lessee advance payments for services. The costs of maintenance, repairs and renovations, inspections and surveys are subject to the provisions of article 11 of the GENERAL TERMS AND CONDITIONS OFFICE SPACE and other business
space as referred to in section 7:230a Dutch Civil Code. 
  

	6.	 Bank guarantee 

The amount of the bank guarantee referred to in article 12.1 of the General Terms and Conditions, is hereby set between the parties at
€158,812.50 
 in words: one hundred fifty thousand eight hundred twelve euro and fifty eurocent. 

 

	7.	 Manager 

  

	7.1	 Until Lessor informs otherwise, Lessor will act as manager. 

 

	7.2	 Unless agreed otherwise in writing, Lessee needs to consult the manager with respect to the content and all
further matters concerning this lease. 

  

					
	Initials Lessor	 	4	 	Initials Lessee

 [LOGO DRIENERLO EXPLOITATIE] 
  

	8.	 Special provisions 

 

	 	•	 	 The new build will be carried out in accordance with specifications and drawings 2019019A of 12-09-2019 and the memorandum of alterations of 13-02-2020; 

 

	 	•	 	 The existing lease agreements in respect of the existing building will be cancelled on 31 March 2021 with
mutual approval and with due observance of paragraph 3.1. At that time, Lessor and Lessee declare that Lessee has fulfilled all its obligations on account of the existing lease agreements and that Lessor cannot enforce any right and/or claims with
respect to Lessee on that account; 

  

	 	•	 	 The current light fixtures in the existing building will be replaced by led lighting to the account of Lessor;

  

	 	•	 	 The balanced ventilation will be replaced by balanced ventilation heat recovery by means of thermal wheel and
flow control to the account of Lessor; 

  

	 	•	 	 Lessee will have the right to sublease part of the building; 

 

	 	•	 	 Any costs for the desired adjustments of the existing building will be to the account of the Lessee;

  

	 	•	 	 On delivery of the existing building /completion of the new build, a record will be drawn up in which it is
stated that the leased space is delivered and completed at the start of the lease, in accordance with the specifications and drawings, in a good state of maintenance, without defects and free of damage; 

 

	 	•	 	 Notwithstanding the provisions included in the General Terms and Conditions about the liability of Lessor in case
of an ‘attributable serious failure’, it is the express intention of the parties this this is understood as being the (normal) failure within the meaning of section 6:74 Dutch Civil Code. 

 

	 	•	 	 The rent includes all parking spaces and bicycle parking; 

 

	 	•	 	 The bank guarantee of the existing lease, to the amount of €54,276.00 (reference no. NLNTFSBGI0038756), will
be taken over in the new lease, in addition Lessee will provide an additional bank guarantee, to the amount of €1.04,536.50 to Lessor. 

Thus, drawn up and signed in duplicate 
  

									
	Place: Hengelo            	  	date:	  	10-03-2020	  	place:    	  	date: 10-03-2020

					
			
	/s/ handtekening verhuurder	  		 	/s/ handtekeningen huurders
			
	(handtekening verhuurder)	  		 	(handtekeningen huurders)

 Appendices:) 
  

	 	•	 	 drawing of the leased business space 

 

	 	•	 	 general terms and conditions 

 

	 	•	 	 record of delivery/completion 

 

	 	•	 	 the bank guarantee 

  

	 	•	 	 extracts registration Chamber of Commerce 

 

	 	•	 	 identification legally valid representatives. 

  

					
	Initials Lessor	 	5	 	Initials Lessee

 [LOGO DRIENERLO EXPLOITATIE] 
  

Separate signature(s) of Lessee(s) for receipt of an own copy of the ‘GENERAL TERMS AND CONDITIONS OFFICE SPACE and other business space as referred to in
section 7:230a Dutch Civil Code’ as stated in article 2.1. 
 Signature Lessee(s): 

Delete where not appropriate and add if necessary 

  

					
	Initials Lessor	 	6	 	Initials Lessee

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00349-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00349-of-00352.parquet"}]]