Document:

Lease Agreement

 Exhibit 4.19 
 (English Translation) 
 * * *Confidential material has been omitted and filed
separately with the Commission 
 LEASE 
 THE UNDERSIGNED: 
 CORPET LOUVET 

Société par actions simplifieé [simplified limited company] with share capital of €79,248 

Listed in the Bobigny Register of Trade and Companies as number 552 112 278 
 With its registered office at 87/95, avenue Victor Hugo – 93300 Aubervilliers, France 

Represented by Mr Paul Taïeb under the terms of a special power of attorney dated 17/12/2010 

Hereinafter known as the “Landlord” 
  

							
		  		  		  	ON THE ONE HAND,

 AND: 
 The Company known as INTERXION FRANCE, SAS with share capital of €200,000, listed in the Bobigny Register of Trade and Companies as No. 423 945 799, with its registered office at 45
avenue Victor Hugo, Bâtiment 260, 93534 Aubervilliers Cedex, France 
 Represented by Mr Fabrice Coquio, Chairman 

Hereinafter known as the “Tenant” 
  

							
		  		  		  	ON THE OTHER HAND

 WHEREAS: 
 1 – Definitions 
 In this instrument the generic terms appearing below shall
have these meanings: 
  

	 	•	 	 Lease: means the lease covered by this document 

  

	 	•	 	 Landlord: means CORPET LOUVET 

  

	 	•	 	 General Terms and Conditions: means the general terms and conditions of the Lease 

 

	 	•	 	 Special Terms and Conditions: means the special terms and conditions of the Lease 

 

	 	•	 	 The Property or the Premises: means the property covered by the Lease 

 

	 	•	 	 Tenant: means INTERXION 

2 – Investigations carried out by the Tenant 
 Without prejudice to the conditions precedent referred to in Article 3 of the Special Terms and Conditions the Tenant acknowledges that it has had the opportunity, before today, to conduct any
investigations that it may deem to be necessary in respect of the Property so as, in particular, to check its condition and ensure that it is possible to operate its business activities there, as envisaged. Notwithstanding the above, the Landlord
hereby states that the Property is not encumbered by mortgages or other third party rights which could affect, by virtue of the enforcement of surviving or other rights, the rights invested in the Tenant in application of this document. 

NOW THEREFORE, MOVING ONTO THE LEASE COVERED BY THIS DOCUMENT: 
 The Landlord shall lease, for a period of 12 full and consecutive years from the effective date as stated in paragraph 3 of the Special Terms and Conditions of this Lease, within the context of the
commercial lease statute, as defined in Articles L 145-1 et seq. of the French Commercial Code, to the Tenant which accepts, the Property described in the Special Terms and Conditions below. 
 The Lease is granted and accepted under the Special and General Terms and Conditions laid down below, which shall constitute an indivisible whole. 
 It is specified herein that in the event of contradiction between the General Terms and Conditions on the one hand and the Special Terms and Conditions, on the other, the provisions of the Special Terms
and Conditions shall prevail. 

 CHAPTER I – SPECIAL TERMS AND CONDITIONS OF THE LEASE 

1 – Description of the Property 
 The Property referred to in this document is situated at La Courneuve (Seine Saint Denis) 1-3, rue Râteau, France: it comprises land on which has been constructed a building for use as a warehouse
with ancillary offices and outbuildings broken down as follows: 
  

	 	•	 	 Site of the building: 18,019m2 

  

	 	•	 	 Buildings: 

  

	 	•	 	 Warehouses:
6,642m2 

 

	 	•	 	 Dwellings:
300m2 

 

	 	•	 	 Offices:
219m2 

(annex 1: plan of the Property). 
 As viewed
and approved by the Tenant. 
 2 – Intended use – Use of Premises 

As shown above, the Property is intended for use as a warehouse and ancillary offices. 
 The Tenant may, however, use it for its business supplying hosting, fitting out and installation services in the field of IT and Telecommunications, providing connections between Telecom operator
networks, technical support services to telecommunications companies, providing therein the transfer and recording of telecommunications capacity, as well as any related services, provided that it has obtained licences and carried out, at its own
risk and expense, any work which may be required in order to carry on this business. 
 3 – Effective date of the Lease

 The Lease, agreed for a twelve-year fixed term, shall come into force as of notification of the fulfilment or waiver by the Tenant of
these conditions: 
  

	 	•	 	 Approval of this Lease by the Tenant’s general shareholders’ meeting, 

 

	 	•	 	 Confirmation from ERDF of the supply of electricity cables delivering at least 20 MW of power by 1 January 2012 at the latest,

  

	 	•	 	 Granting of the licence relating to installations classified for the protection of the environment (ICPE) 

 

	 	•	 	 Granting of planning permission to construct a building designed to house the business activities envisaged by the Tenant and free from any third party
recourse or right to withdraw said permission, 

  

	 	•	 	 Release of the Premises by VSR by 30 April 2011 at the latest, 

 

	 	•	 	 Issue of an asbestos and lead report 

  

	 	•	 	 Issue of a mortgage certificate that is less than 30 days old certifying that the Premises are not encumbered by mortgages,

 and shall come to an end on the same date in twelve years’ time. 

 The conditions required for the Lease to come into force are stipulated for the benefit of the Tenant which
alone shall be entitled to enforce or waive said conditions. 
 The Tenant alone shall be responsible, at its own expense, for doing its utmost
to fulfil the first four conditions required for the Lease to come into force. For its part the Landlord shall be responsible for doing its utmost to fulfil the last three conditions, at its own expense, by 31 May 2011 at the latest.

 The fulfilment or waiver of the conditions precedent shall be notified by the first party to take action, by recorded delivery letter, said
letter being taken as completion of this Lease without the need for any further formalities. 
 Should the Tenant fail to fulfil the conditions
precedent incumbent upon it within the specified deadline, the Landlord may, on its own initiative, notify the Tenant of the cancellation of this contract, without compensation on either side. 

4 – Period between the Lease being signed and coming into force 
 4.1) Nature of the contractual relationship 
 In order to enable the Tenant to conduct any
investigations required in order for it to set up and operate its business in the Property, the Landlord shall grant the Tenant, during the period between the Lease being signed and coming into force, a temporary right of occupancy which, by mutual
agreement between the parties, shall not be subject to public policy rules of commercial lease statutes but shall be governed by common contract law. 
 The parties shall adopt the system of temporary occupancy due to the following considerations: 
  

	 	•	 	 The Lease is subject to conditions precedent which render its entry into force uncertain, 

 

	 	•	 	 The Property is partially occupied by a tenant (VSR) to be evicted by the Landlord. 

4.2) Legal basis of the temporary occupancy 
 The temporary right of occupancy is based on a reduced site which excludes the premises currently occupied by VSR. 
 4.3) Duration of the temporary occupancy 
 This temporary right of occupancy shall be
effective for a maximum of eighteen (18) consecutive months from the date of signing. 
 The temporary right of occupancy shall be split
into two separate periods: 
  

	 	•	 	 An initial period of six (6) months from the date of signing of this document during the course of which the Tenant shall agree to do its utmost
to fulfil the first four conditions required for the Lease to come into force, as stipulated in Article 3 above, without prejudice to the Landlord’s obligations by virtue of the conditions precedent incumbent upon it.

  

	 	•	 	 Should one or more of the first four conditions stipulated in Article 3 above and required for the Lease to come into force, fail to be met by the end
of this initial period, the temporary right of occupancy shall continue for a maximum of twelve (12) months from the expiry of the initial six- (6) month period, during which the Landlord undertakes to lend the Tenant its support in
fulfilling these conditions and, in particular, in obtaining final planning permission. 

 By mutual agreement between the parties, this temporary right of occupancy shall be automatically cancelled:

  

	 	•	 	 on the date of fulfilment of the conditions precedent under the terms provided for in Article 3, the Lease coming into force immediately,

  

	 	•	 	 Or, if the Tenant fails to obtain final planning permission by the end of the eighteen (18) months of temporary occupancy, without prejudice to
the rights of the Tenant in the event of the non-fulfilment of the conditions precedent incumbent upon the Landlord by the required deadline. 

 4.4) Occupation rent 
 In exchange for the temporary right of occupancy granted by the
Landlord the Tenant shall be liable to pay a fixed occupation rent as follows; 
 4.4.1) Occupation rent for the first six months 

During the first six months from signing of this document an occupation rent set on an annual basis, exclusive of taxes and charges, at * * *, i.e. a
quarterly occupation rent, exclusive of taxes and charges, of * * *. 
 The occupation rent is payable per quarter, in advance. 

The Tenant shall pay, upon signing of this document, the occupation rent for the current calendar quarter, on a pro rata basis, for the time remaining
until the end of the quarter. 
 4.4.2) Occupation rent for the following twelve months 
 During the twelve (12) months following on from the first 6-month period stipulated above the occupation rent set on an annual basis, exclusive of taxes and charges, at * * *, i.e. a quarterly
occupation rent, exclusive of taxes and charges, of * * *. 
 The occupation rent is payable per quarter, in advance. 

4.4.3) Occupation rent, if the Lease does not come into force 
 The parties expressly agree that if, during the course of the first six (6) months of the temporary period of occupancy, the Tenant decides to refuse the Lease for any reasons other than: 

 

	 	•	 	 Failure to obtain from ERDF, by 1 January 2012 at the latest, the supply of electricity cables delivering at least 20 MW of power,

  

	 	•	 	 Failure to obtain the licence relating to installations classified for the protection of the environment (ICPE), 

 

	 	•	 	 Failure to fulfil the conditions precedent incumbent upon the Landlord, 

 

	 	•	 	 Failure to obtain planning permission to construct a building designed to house the business activities envisaged by the Tenant and free from any third
party recourse and any right to withdraw, 

 the Tenant shall be immediately liable for fixed and final overall compensation
of * * *, exclusive of taxes, plus VAT at a rate of 19.6% and undertakes to irrevocably release the premises from any occupancy on its part by 30 June 2011 at the latest. 

 It is expressly stipulated that the Tenant’s right to refuse the Lease under the terms stated above may
only be exercised during the first six (6) months of the temporary occupancy. 
 4.5) Prohibition 

The Tenant shall be irrevocably prohibited, during the course of the period of temporary occupancy, from demolishing all, or part, of the existing
buildings. The Landlord does, however, authorise the Tenant to carry out any surveys on the Property, but with responsibility for making good. 

4.6) Other conditions of temporary occupancy 

The temporary right of occupancy is subject to all the Special or General Terms and Conditions contained in this document that are not contrary to the
stipulations of this Article 4. 
 5 – Tax system 
 In accordance with the provisions of Articles 260-2 of the French General Tax Code and 193 and 195 of annex II of the French General Tax Code the Tenant has opted to pay VAT on rental received from the
Property, including the occupation rent referred to above. 
 Consequently, the rent, charges, occupation rent, considerations and, generally
speaking, any sums owing by the Tenant to the Landlord in execution of this document shall be taken as being subject to VAT. The same holds good for any replacement, additional or similar taxes that may be created. 

6 – Rent 
 6.1 –
Basic rent 
 This tenancy is approved and agreed for an annual principal rent, exclusive of taxes and charges, of: 

 

	 	•	 	 * * *, from the effective date of the Lease until the commencement of the commercial use of the Property, this being characterised by the presence of
employees and the hosting of the Tenant’s clients within the context of its business, but until no later than 30 June 2012, 

  

	 	•	 	 * * * from the date of commencement of commercial use of the Property, this being characterised by the presence of employees and the hosting of the
Tenant’s clients within the context of its business, but by 1 July 2012 at the latest. 

 In consideration of:

  

	 	•	 	 the occupation rent granted above at a reduced rate, 

 

	 	•	 	 the cost incurred by the Landlord alone, inclusive of any registration fees that may be due, of evicting its current tenant in a very short period of
time, 

  

	 	•	 	 the Landlord’s undertaking to transfer, free of charge, to the La Courneuve Commune, between 3,000 and 5,000 m2 of land situated at the edge of the Property so as to enable
improvements to be made to the access to said Property, 

  

	 	•	 	 the Landlord’s agreement to renew the Lease, if requested by the Tenant and subject to the latter having perfectly adhered to the terms and
conditions of this contract, Lease for a new fixed twelve-year period at the rental amount in force at the end of this Lease, 

the parties irrevocably agree that the annual rent, exclusive of taxes and charges, shall automatically increase every year on the anniversary of its
effective date, by two point five percent (2.5%), this two point five percent increase making it possible to gradually offset the benefits accorded hereinabove by the Landlord. 

 The minimum increase of two point five percent (2.5%) shall apply for the entire duration of the Lease
and for any subsequent renewals. 
 This clause is an essential condition of the parties’ agreement to the Lease, without which they would
not have entered into the contract. 
 This two point five percent (2.5%) increase shall apply notwithstanding the application of movements
in the INSEE construction price index which serves as the benchmark for the escalator clause stipulated in the General Terms and Conditions, up to a maximum annual increase in this index of two percent (2%). 

6.2 – Advance rent 
 In
consideration of the exemption from payment of a deposit, granted in paragraph 8 below, by the Landlord to the Tenant, the Tenant shall pay the Landlord, upon signing of this document, in addition to the rent payable on the due date, a permanent
advance amounting to one quarter’s rent, plus charges, plus VAT at the current rate, i.e. the sum of * * *, by express agreement between the parties, such that the Landlord holds, on a continuous basis, irrespective of the quarterly due dates,
a sum amounting to 3 months rent and charges, inclusive of tax. 
 For the period prior to the effective date, after that for the period from
the effective date, the amount of the permanent advance amount shall be calculated pro rata of the value of 3 month’s rent and charges, inclusive of tax for the periods in question. 
 This advance shall be indexed under the same terms as the principal rent. 
 At the end of the
Lease, which may have been renewed, the advance paid by the Tenant shall be returned to it, after deduction of any sums which may still be owing to the Landlord, for whatever reason and, in the first instance, for making good the premises.

 In the event of premature cancellation of the Lease due to failure to fulfil its terms and conditions for any reason whatsoever for which the
Tenant is responsible, said advance shall be retained by the Landlord by way of initial damages, without prejudice to any other subsequent damages. 
 7 – Benchmark index used to update the rent 
 For the application of the
indexation clause stipulated in Article 3.2 of the General Terms and Conditions, the index shall be the index published last, i.e. that of the 2nd quarter of 2010, at a value of 1517. 
 8 – Deposit 
 Notwithstanding Article 3.7 of the General Terms and Conditions
below, the Tenant is exempted from paying the Landlord a deposit. 

 9 – Amount of 1st quarterly provision for charges 

9.1 – Reimbursement of charges privatives [charges for private use] 

The provision for reimbursement of charges for private use is set at five percent (5%) of the annual rent, exclusive of taxes and charges.

 9.2 – Reimbursement of impôt foncier [property tax] 

The provision for reimbursement of property tax is set at the sum of * * * exclusive of tax, plus VAT, per quarter. 

This provision has been set on the basis of the 2010 property tax advice annexed to this document. 

9.3 – Reimbursement of annual tax on premises for use as offices, retail premises and for storage 

The provision for reimbursement of this tax shall be set on the basis of the first call made by the Tax Authorities once the Tenant’s construction
works are complete. 
 10 – Tenant’s works 
 10.1 – Performance of works by the Tenant 
 The Tenant has informed the Landlord of its
plans to carry out major demolition and reconstruction works in the Property. 
 The Landlord authorises the Tenant to carry out the structural
and construction works in accordance with planning permission thereby enabling it to carry on its business on the site. 
 The parties have
expressly agreed that the Tenant’s structural and building works may never be used as the basis for an increase in rent on the occasion of rent reviews or upon renewal of the Lease. 
 The Tenant agrees to comply with any regulations regarding these works and to apply for and obtain, any prior administrative authorisation required. 

The Tenant’s objective is to file an application for planning permission, after obtaining the approval provided for in Articles L510-1 et seq. of
the French town planning code, if necessary, by 31 January 2011 at the latest. It shall inform the Landlord, as soon as it receives notification of the preparatory investigation deadline and shall inform the Landlord, at the latter’s first
request, of how the investigation into the application is progressing. 
 The works shall be carried out at the Tenant’s own expense and
risks, by companies providing full guarantees of expertise. 
 The Tenant alone shall pay for any damages caused directly or indirectly during
the course of the performance of these works or at a later date simply by virtue of their existence and shall cover the Tenant’s liability in full should action be taken against it in this respect. 

Should the need arise, please note that the fact that the Landlord is aware of the specifications of the Tenant’s works shall in no way result in
its liability being incurred, the Tenant continuing to be solely and entirely responsible for the works. 

 Prior to commencement of the works the Tenant shall send the Landlord a certificate of the builder’s
liability insurance issued by the insurer as well as a copy of the policy taken out. 
 In addition it shall send the Landlord a copy of any
administrative authorisations as soon as they are received. 
 When the works are completed the Tenant undertakes to supply the Landlord with
the final working drawings for the installations, the end-of-contract technical inspection report, a copy of the declaration of completion of works, the certificate of conformity, the opening administrative authorisations, the acceptance testing
reports and, more generally speaking, any document proving the successful completion of its works, as well as any technical instructions appertaining to their operation, particularly in relation to air-conditioning. 

10.2 – Charge for works carried out during the Lease 
 Notwithstanding Articles 5.2 et seq. of the General Terms and Conditions of the Lease, the Tenant shall carry out, at its own expense and risks, as and when required and shall continue to pay for any work
that may be needed on the Property during the course of the Lease, for whatever reason and irrespective of the nature and extent of said work, even when attributable to hidden defects (maintenance work, repairs, replacements etc.) without exception,
including by derogation of the provision of Article 605, those referred to in Article 606 of the French Civil Code, repairs involving the structure or the soundness of the Property, compliance works, those resulting from any injunctions that may be
served by administrative authorities and even, notwithstanding Article 1755 of the French Civil Code, in the event of force majeure or obsolescence. 
 It shall expressly waive any rights under the provisions of Articles 1719, paragraphs 2, 3 and 4, 1720, 1721 and 1724, paragraphs 2 and 3 of the French Civil Code for all works carried out by it,
including those covered by Article 606 of said Civil Code. 
 10.3 – What becomes of the works at the end of the Lease? 

As an exception to the General Terms and Conditions stipulated below, ownership of the Tenant’s structural and construction works shall pass to the
Landlord only in the event of the Tenant leaving the premises, i.e. in the event of the keys being returned with no hope of return and discontinuation of rental payments, unless the Tenant asks for the constructions to be destroyed as stipulated in
the General Terms and Conditions. For the purposes hereof it is expressly agreed that the Tenant’s equipment and materials and any of its clients installed on the premises, may not be considered to be fixtures even if they are fixed to the
Premises. On the other hand, the Tenant agrees to have them professionally removed. 
 11 – Unrestricted release of the Property

 The Landlord irrevocably agrees to take action to release, entirely at its own expense, the Property which is currently partially occupied
by VSR. 
 The Property shall be free of any occupation by VSR by the time that the Tenant obtains planning permission at the latest.

 12 – Renewal of the Lease 
 The Landlord agrees, at the Tenant’s request and subject to the latter having perfectly complied with the terms and conditions of this document, to renew the Lease for another fixed twelve-year
period at the rental amount in force at the end of the current Lease. 
 The Lease shall be renewed for another fixed twelve-year period.

 This undertaking on the part of the Landlord is given solely out of consideration for the Landlord in person such that said undertaking
cannot be transferred to any third party, by any means whatsoever, unless it is transferred to a company belonging to the Tenant’s group of companies and subject to the Tenant continuing to act as guarantor and remaining jointly and severally
liable for the duration of the renewal term. 
 CHAPTER II – GENERAL TERMS AND CONDITIONS OF THE LEASE 

This Lease is subject to the commercial lease statute, as codified by Articles L. 145-1 et seq. of the French Commercial Code. 

1 – DEFINITION OF THE PREMISES 
 1.1 – Description of the Premises 
 The Premises are described in the Special Terms and
Conditions. 
 The Tenant hereby declares that it is perfectly aware of the nature of the premises, having viewed and visited them. Any
difference between the surface areas appearing in the Special Terms and Conditions or resulting from the plan annexed and the actual surface areas of the Premises shall not justify any reduction or increase in rent, the parties referring to the
surface areas of the site such as they are. 
 The parties agree that the Premises shall form an indivisible whole for the entire duration of
the Lease, its renewals, tacit renewals and even in the event of any disposals. 
 1.2 – Intended use – Use 

The Tenant shall use the Premises on a personal basis and solely for the use stated in the Special Terms and Conditions in accordance with the
Property’s intended use and in compliance with the provisions of Articles 1728 and 1729 of the French Civil Code. 
 The Tenant shall
arrange for any administrative authorisations and for the payment of any sums, taxes and/or duties appertaining to the activities to be carried out on the Premises and to their use. 
 The Tenant shall also personally ensure that the Premises are compliant in respect of the business being conducted therein, so that the Landlord is never inconvenienced in this respect. 

2 – CONDITIONS RELATING TO THE TERM OF THE CONTRACT 
 2.1 – Term 
 This Lease has been approved and accepted for a period of twelve whole
consecutive years commencing on the effective date specified in the Special Terms and Conditions of the Lease appearing above. 

 The Tenant expressly waives its right to request the cancellation of the Lease before the end of the twelfth
year, the Lease being for a fixed period of twelve years. 
 If the Lease is renewed, the parties expressly agree, wherever possible, that the
Lease shall be renewed for the same twelve-year fixed term, without the Tenant being entitled to terminate the Lease at the end of each three-year period. 
 If, despite committing to a fixed twelve-year term, the Tenant is obliged to give notice between the effective date of the Lease as specified in the Special Terms and Conditions and the expiry of the
twelfth year of the Lease, it shall be liable to pay the Landlord compensation for early cancellation corresponding to the full amount of rent, inclusive of charges and VAT, still due for the remainder of the twelve-year period. 

2.2 – Notice given by the Tenant 

The Tenant may give notice at the end of the fourth three-year period only, pursuant to the provisions of Article L. 145-4 of the French Commercial Code
in accordance with the Special Terms and Conditions. 
 The Tenant shall give the Landlord notice by means of an extrajudicial document one year
prior to the expiry of the twelfth year of the Lease at the latest. 
 The Lease shall continue until the effective date of the notice even if
the keys have been returned to the Landlord prior to this date. 
 3 – FINANCIAL TERMS AND CONDITIONS 

3.1 – Rent 
 This Lease has been
approved and agreed for an annual principal rent, the reference value of which is stated in the Special Terms and Conditions. The rent shall change pursuant to the terms and conditions of the Special Terms and Conditions appearing above. 

3.2 – Rent indexation 
 The rent
shall automatically go up, but never down, every year, on the anniversary of the effective date of the Lease without the need for prior notification, pursuant to the stipulations of the Special Terms and Conditions. 

Upon the occasion of the first annual rent review, the ratio of this benchmark index to the index for the same quarter the subsequent year shall be
calculated. 
 Every year the same ratio is calculated between the benchmark index used for the previous indexation and the index for the same
quarter the following year. 
 If this index is not known on the anniversary date of the Lease, a provisional indexation is calculated on the
basis of the last known index. 

 If, for whatever reason, the aforementioned index selected for the annual rent review, should cease to be
published, this review would be made on the basis of either the replacement index or a new index chosen by mutual agreement. 
 Should an
agreement fail to be reached on the choice of the new index to be adopted, the parties shall then refer the matter to an expert appointed by the Presiding Judge at the Tribunal de Grande Instance [court of first instance] with jurisdiction in
the area where the Premises are located. The Tenant alone shall be liable for legal costs and for the cost of any expert reports. 
 This
indexation clause constitutes an essential and determining clause without which the Lease would not have been agreed. Failure to apply this clause, even in part, may authorise the Landlord, and it alone, to ask for the Lease to be cancelled, without
compensation. 
 3.3 – Charges 
 3.3.1) Communal charges 
 The rent stipulated shall be considered to be net of any charges and
taxes for the Tenant (“quadruple net” rental as is customary for “investor leases”). 
 Consequently, the Tenant shall
reimburse the Landlord for charges of any kind appertaining to the Premises, facilities and items of equipment installed therein provided that these charges can be justified and correspond to clearly identified services of relevance to the Premises
and, where applicable, the share of communal charges for communal areas of the Premises and for shared equipment, if the Property has not been rented to the Tenant in its entirety. 
 The charges to be reimbursed by the Tenant to the Landlord include, in particular, without the list being exhaustive, property insurance, property taxes, the annual tax on offices, the tax on commercial
and storage premises, as well as any other tax or duty which may subsequently be created, added or substituted and for which the Tenant would also be liable, (iv) management fees for the Property fixed at two (2) percent (%) of the
annual rent, exclusive of taxes and charges, (v) maintenance costs for roads, green spaces and for security services, costs relating to installing and maintaining items enabling the Building to be supplied with all fluids (water, gas,
electricity etc.), (vi) as well as the cost of ensuring that the Premises comply, for the entire duration of the Lease and its renewals, with health and safety and environmental regulations. 

If the building has co-ownership status or is incorporated into any other legal entity, generally speaking, the Tenant shall reimburse the Landlord for
any resultant charges. 
 3.3.2) Methods of reimbursement 
 The Landlord shall be reimbursed by calling for a quarterly provision payable at the same time as the rent, based on expenses forecast for the year. 

A reconciliation is conducted on an annual basis to take into consideration the actual expenses incurred for the previous year. 

The charges are divided between the various Tenants in line with the percentages specified in the Property’s rules of procedure, if there are any
and, failing this, charges are divided pro rata of the surface areas rented. 

 In order to take into consideration fluctuations in charges, the Landlord reserves the right to change the
amount of provision requested. 
 Payment and reimbursement of all charges referred to in the Lease are payable as of the date on which the
Tenant takes possession of the Premises and until the Premises are fully vacated. 
 The amount of the initial quarterly provision specified in
the Special Terms and Conditions. 
 The Landlord also reserves the right to call for working capital to cover charges corresponding to one
quarter of the annual budget projection. 
 3.3.3) Personal charges – Meters 
 The Tenant shall be responsible for the upkeep, surveillance and security of the Premises. 
 It
shall take out maintenance contracts to cover the equipment and Premises rented as well as contracts appertaining to any mandatory testing required by legislation or regulations. 
 It shall open customer accounts for water, gas, electricity and telephone etc. 
 It shall be
obliged to pay the premiums on a regular basis and shall settle all individual utilities bills direct, in accordance with its meter readings, as well as any taxes for which it is liable, the Landlord being released from all liability in this
respect. 
 3.4 – Taxes and duties 
 The rent, as defined in the Special Terms and Conditions, expressed exclusive of taxes. 
 Since
the Landlord has opted for VAT liability, in application of Article 260-2 of the French General Tax Code, the rent plus VAT at the current rate, at each demand. 
 All charges invoiced to the Tenant pursuant to the provisions of the Lease shall, for tax purposes, by classed as additional rent and, consequently, shall be subject to VAT at the current rate.

 The Tenant shall be responsible for any increase or any other tax that may be added or substituted for VAT by new regulations. 

The Tenant is, in addition, required to settle any municipal, administrative or refuse collection charges for which tenants are ordinarily liable, so
that the Landlord is never inconvenienced in this respect. 
 It shall, in particular, settle any personal property taxes, rental taxes, the
cotisation foncière des enterprises [local corporate property tax since 2010 based on property’s rental value] and any other taxes for which the Tenant is charged, but for which the Landlord is liable for whatever reason and to
provide proof of payment when requested and at least eight days prior to departure at the end of the Lease. 

 3.5 – Payment terms 
 The Tenant shall pay the Landlord the rent and ancillary charges in four equal instalments, in advance, on 1 January, 1 April, 1 July and 1 October each year and for the first time on
the effective date of the Lease. 
 This initial payment is calculated pro rata of the time between the effective date of the Lease and the end
of the calendar quarter in which this effective date occurs. Each day shall correspond to 1/360th of the annual rent. All payments shall be made to the Landlord’s domicile or to any other place indicated by it. 

The Tenant agrees, for this purpose, to sign a direct debit authorisation in favour of the Landlord in relation to a bank or post office account.

 The rent shall continue to be payable until the Lease expires, even if the keys have been returned to the Landlord prior to the agreed end
date. 
 3.6 – Penalty clause 
 Any late payment, not made on the exact due date, of one single instalment of rent, charges or ancillary expenses, or occupation rent referred to in Article L. 145-28 of the French Commercial Code and,
more generally speaking, non-payment of any other sum due under the Lease, within the required deadlines and, for reasons beyond the Landlord’s control, shall automatically render the Tenant liable, fifteen (15) days after formal prior
written notification remains unheeded, for the payment of interest calculated on the basis of the legal interest rate plus three points per year, plus VAT. Interest shall be payable as of the due date and every new month begun shall be payable in
full. 
 In the event of repeat offences on the part of the Tenant over a continuous two-year period and upon expiry of a deadline of fifteen
days from the scheduled due dates, all sums payable, after calculation of the aforementioned indemnities, shall automatically be subject to a fixed penalty of 10% without the need for any formal notification or notice. VAT shall be payable on these
penalties. 
 The application of the previous two paragraphs may not at any time be considered as authorisation for late payment and shall not
in any way hinder the issue of action for rescission of contract referred to in Article 9 above. 
 3.7 – Deposit 

3.7.1) Amount 
 In order to warrant the
performance of the obligations incumbent upon it under the Lease, the Tenant shall pay the Landlord a deposit amounting to one quarter of the annual rent, exclusive of taxes, as specified in the Special Terms and Conditions, 

The deposit shall be readjusted, automatically and without formality, every time that the principal rent changes, such that it always amounts to one
instalment of rent in advance. 
 This deposit is not interest-bearing. 
 3.7.2) Means of enforcing the warranty 
 This warranty may be enforced throughout the duration of
the Lease, until full and final settlement of all rental and ancillary payments and until the Tenant has executed all its obligations in full. 

 Said warranty is returned to the Tenant once the Premises have been vacated, an inventory has been drawn up
and the Tenant has produced proof of payment of its contributions, taxes and other duties. 
 The amount reimbursed shall be less any sums owing
for whatever reason and, in particular, shall be less the balance of charges for the period of occupancy as well as the cost of making good the Premises. 
 The Tenant may not, under any circumstances, use this deposit to offset any rent or ancillary charges that may be due upon its departure. 
 If the Lease is cancelled due to failure to fulfil its conditions or for any reason whatsoever for which the Tenant is responsible, said deposit shall remain the property of the Landlord by way of initial
damages, without prejudice to any subsequent damages. 
 3.8 – Furnishings 
 The Tenant shall keep the rented premises constantly filled with plant, furniture and merchandise in such quantities in terms of value that the latter shall always serve as a guarantee to the Landlord of
payment of rent as well as ancillary charges and obligations under this Lease. 
 3.9 – Occupation rents 

If, subsequent to discontinuation or cancellation of the Lease, whether court-ordered or not, the premises are not returned to the Landlord, fully vacant,
on the agreed date, the Landlord or its assigns shall be liable for a monthly occupation rent amounting to the current monthly rent plus 50%. 

This occupation rent shall be due from the day after the rental ends and until the date on which the Premises are returned, any month commenced being due
in full. 
 Charges shall also continue to be due until the date on which the premises are returned to the Landlord, all without prejudice to
any other damages. 
 3.10 – Costs – disputes 
 Each party shall be responsible for the cost of taking advice on drafting the Lease. 
 The Tenant
shall be liable and shall continue to pay for any costs incurred by the Landlord upon the occasion of valid actions issued against the Tenant to obtain fulfilment of the terms and conditions of the contract. 

3.11 – Assignment of sums owing 
 In
the event of disputes, payments made by the Tenant shall be assigned in this order to: 
  

	 	•	 	 costs of recovery and proceedings, 

  

	 	•	 	 damages, 

  

	 	•	 	 interest, 

  

	 	•	 	 rent paid in advance or increases in rent paid in advance, 

	 	•	 	 claims for rent or occupation rent: with respect to this item, the Landlord shall, as a priority, assign the payments to sums not subject to dispute,

  

	 	•	 	 provision for communal charges. 

 4 – TERMS AND CONDITIONS RELATING TO ENJOYMENT OF THE PREMISES 
 4.1 –
General terms and conditions of enjoyment 
 4.1.1) Rules of occupancy 
 The Tenant shall refrain from any act, on its own part or on the part of its employees, which may harm the activities of other occupants of the Property, as well as disturbing their peace and quiet.

 It shall refrain from any dangerous, insanitary and nuisance-causing activities. 
 The Tenant agrees to refrain from doing anything that may interfere with neighbours’ quiet enjoyment of their premises. The Tenant agrees to take the place of the Landlord in any legal proceedings
that may be initiated by one or more neighbours for disturbance of enjoyment arising from the Tenant’s activity. 
 The Tenant shall comply
with any measures relating to the order and cleanliness of the Property. It shall, in particular, dispose of its refuse as necessary. 
 It
shall be prohibited from dumping anything, even temporarily, in the halls or communal parts of the Property, including stairs, car parks, access routes and gardens. 
 In the event of these clauses being breached, the Landlord may, eight days after formal notice sent by recorded delivery letter remains unheeded or without prior notice in the case of an emergency,
arrange for the necessary removals, at the Tenant’s expense, the latter being obliged to reimburse this cost simply upon presentation of an invoice. 
 The Tenant agrees to inform the Landlord of the existence of any equipment liable for declaration as a classified installation. It agrees to make the required declarations for any equipment subject to
said regulations. 
 The Tenant shall comply with regulations set by the Landlord or by local authorities with respect to refuse collection.

 Generally speaking, it shall comply with any requirements, recommendations and orders issued by the labour inspectorate, health and safety
committees and, more generally speaking, any relevant administrative departments, such that the Landlord shall not, under any circumstances, incur any liability. This shall, notably, also be the case when the property being rented is part of an
IGH [high-rise building] that is subject to specific regulations with which the Tenant undertakes to comply in every respect. 
 It shall
make due and exact payment of personal taxes and contributions, property taxes or other taxes for which Tenants are liable, such that the Landlord is never inconvenienced in this respect. 

 4.1.2) Access and inspection rights 
 The Tenant shall give the Landlord, as well as its representatives, architects and companies, access to the Premises as often as is required, so that their condition can be inspected and work carried out
on communal areas and facilities, subject only, apart from in the event of an emergency, to the Landlord giving the Tenant 48 hours’ prior notice. 
 Once notice has been issued, the Landlord shall be free to erect any boards, signs or notices that it may deem necessary in locations of its choice. 

In the event of sale or rental of the Premises, the Tenant shall allow visits to the Premises on working days between 9am and 6pm. 

Should it fail to comply with this rule, the Tenant may be liable to the Landlord for any damages relating to losses incurred by the latter. 

4.1.3) Security and technical management of the Property 
 The Tenant shall take personal responsibility for the security and surveillance of the Premises as well as for maintenance of the Premises. 
 It shall ensure that the Premises always have an operational fire protection system and, in particular, a fire alarm. 
 The Tenant shall arrange, at its own expense, for periodic checks on items of equipment, lifts, safety (in particular those relating to fire detection, warning and protection) and electrical installations
etc. 
 4.2 – Signage 
 Any
signs or name plates may only be installed by the Tenant, inside or outside the Property, once it has obtained the necessary administrative authorisations together with the Landlord’s prior, written approval. In this respect, the Landlord has
already approved the sign described in annex —. 
 The Tenant shall be personally responsible
for complying, where necessary, with special regulations relating to said signs and signage in general, with co-ownership regulations, with Property or area requirements or with any current administrative regulation governing either the Property or
the area in which it is located. 
 Said signs shall be installed at the Tenant’s own expense and risk. It shall ensure that they are
installed securely, kept in a perfect state of repair and it alone shall be liable for any accidents occasioned by their installation or existence. 
 4.3 – Disturbance of enjoyment 
 4.3.1) Destruction of Premises – Expropriation

 In the event of compulsory purchase for reasons of public interest, the Lease shall purely and simply be cancelled, if the Tenant believes
this to be appropriate, without the Landlord being liable for compensation. Should the Premises be destroyed, the compensation paid by the insurance company shall be paid to the Tenant and it shall be responsible for rebuilding the Premises within a
maximum of twenty four (24) months. 

 4.3.2) Interruption of service 
 The Tenant may not claim any reduction in rent or compensation in the event of interruption or reduction, even if this is prolonged, of collective services, on the part of third parties such as water,
heating, electricity or telephone, the Landlord not being obliged, moreover, to give the Tenant prior notice of said interruptions or reductions in service. 
 The Property’s services shall be provided by any means that the Landlord deems appropriate and it may change said means with a view to optimising the management of the Property. 

5 – TERMS AND CONDITIONS RELATING TO MAINTENANCE OF THE PREMISES 
 5.1 – Ingoing inventory 
 The Tenant hereby accepts the premises in their current
state, without being entitled to ask for any repairs or improvements, neither when possession is taken nor during the course of the Lease. 
 An
inventory shall be compiled jointly by the parties when the Tenant takes possession of the property. 
 If, for any reason, this inventory
should fail to be compiled and, in particular, if the Tenant, having been duly invited, fails to attend, the Premises shall be deemed to have been rented in perfect condition. 
 5.2 – Upkeep – repairs 
 For its part, the Tenant shall carry out, at its own
expense and risk, as required and shall continue to pay for, any works including those referred to in Article 606 of the French Civil Code (repairs, making good, refurbishment or replacement) which may be required, now or in the future, by the
Premises and their installations (such as, if they exist, heating, air conditioning and ventilation systems, technical equipment, access control and security systems, electricity, lighting, cabling, windows, woodwork and doors and windows, plumbing,
sanitary facilities, carpeting, ceilings and false ceilings, walls, dividing walls, floors etc.) for whatever reason, irrespective of the nature and extent of said works and even if caused by age or hidden defects and shall proceed, at its own
expense and as often as is required, with any treatments to rid the Premises of rats or insects. 
 In addition, the Tenant shall be responsible
for any deterioration or loss in respect of the Premises, even if the Tenant is not at fault. 
 The Tenant shall carry out, at its own expense
and risk, as required and shall continue to pay for, any works, improvements, installations or construction work required for compliance with current or future regulations, in particular, with respect to environmental protection, health and safety
or security, including works covered by Article 606 of the French Civil Code. 
 The Tenant shall carry out, in the Premises, throughout the
duration of the Lease and at its own expense, cleaning and maintenance work, minor repairs and refurbishment or replacement of any fixtures and fittings, paintwork, flooring, wall coverings or ceilings as soon they become necessary and for whatever
reason, even if due to age or wear and tear, such that the Premises are, at all times, kept in a good state of repair. 

 It shall comply with any order issued by the Landlord to this effect, including during the course of the
Lease. 
 The Tenant shall make any repairs that may become necessary with respect to meters, pipework, valves and fittings and locks and
metalwork. 
 The Tenant shall ensure that the Premises comply, on a continual basis, with various regulations on public safety and on the
safety of occupants, on working conditions, sanitary conditions, personal health and on environmental protection. 
 The Tenant shall be
responsible for any works which may prove to be necessary under these regulations, even if the need to carry out these works is not the result of the business activity carried on by the Tenant in the Premises, but of the situation of the Property
itself. 
 In this respect the Tenant shall comply with any administrative orders or requirements, in particular, those issued by safety
committees, the Labour inspectorate or competent prefectural departments. 
 In the event of failure by the Tenant to comply, 15 days after
formal notice by recorded delivery letter remains unheeded, the Landlord may have the aforementioned works carried out with costs being reimbursed to the Landlord by the Tenant at first request. 

Upon expiry of the Lease, the Tenant shall return the property in a good state of repair, well maintained and operational. The Landlord hereby waives the
right to request that the Premises be returned in their original condition, but expressly reserves the right to demand that the Tenant should demolish, at its own expense, existing constructions and clear away any rubble. It also acknowledges that
any plant and equipment belonging to the Tenant or to its clients which is located on the Premises may not be considered as fixtures, however installed and fixed in the Premises and the Tenant shall be responsible for having them professionally
removed in accordance with regulations applicable to ICPE. 
 5.3 – Works carried out by the Tenant 

5.3.1) Adaptations – Improvements 
 The
Tenant may not carry out any work on the premises that may change the intended use of the Property or make it unsound. It may not overload floors under penalty of being held responsible for any damage or accidents that may result from such
overloading. 
 Subject to the above the Tenant may change the layout of the Premises, make any modifications, carry out any demolition work and
knock through any walls or partition walls. 
 5.3.2) Compliance works 
 The Landlord alone shall pay for any works that may prove necessary in order to bring the Property’s Premises into line with current or future regulations. 

The same holds good during the course of the Lease, if these regulations come to be amended thereby rendering the rented Property non-compliant with
regulatory standards. 
 The Tenant shall ensure that the Landlord is never, at any time, inconvenienced in this respect. 

 5.4 – Works carried out by the Landlord 
 Whatever the inconvenience caused, the Tenant shall accommodate any repairs, reconstructions, height increases and any works whatsoever that may be carried out in the Property or in neighbouring
properties, without being entitled to ask for any reduction in rent or cancellation of the Lease, whatever the extent and duration of said works, even if the latter should take more than forty days by derogation of Article 1724 of the French Civil
Code. 
 5.5. – External works 
 In addition, the Tenant shall take direct recourse against the Local authority, neighbouring businesses and proprietors for works which may be carried out on the public highway or in neighbouring
properties, should they prove to inconvenience the operation of its business activities, without the Tenant being entitled, at any time, to issue proceedings against the Landlord for these external events. 

5.6 – Return of the premises 
 Upon
its departure, the Tenant shall return the Premises in a good state of repair or, failing this, shall pay the Landlord for the cost of the works required in order to make said Premises good, the Tenant continuing to be liable for obsolescence
resulting from wear and tear. 
 To this end an inventory shall be compiled on the expiry date of the Lease at the latest or when possession
comes to an end, in the presence of the Tenant, having been duly invited to attend and following which the Tenant shall return the keys to the Landlord. 
 Should the Tenant fail to attend at the time and date set for the inventory, the latter shall be compiled by a bailiff, if necessary with the assistance of a locksmith, solely at the expense of the
Tenant. The inventory shall include, if appropriate, a survey of repairs to be made, a list of which shall be compiled at a later date by the Landlord’s architect to which the parties hereby grant an irrevocable mandate for this purpose.

 Should work prove to be required, the Landlord shall have a costing drawn up, which shall be agreed by the Tenant within ten days of the
costs being notified. 
 Should the Tenant fail to reply, the cost of making good shall be deemed to have been agreed by the Tenant and the
Landlord may have the works carried out by companies of its choice, the Tenant alone being responsible for costs. 
 6 –
INSURANCE 
 6.1 – Landlord’s insurance 
 The Landlord shall cover the pecuniary consequences of any public liability that it may incur as owner. 
 The Landlord shall insure itself or as part of the co-ownership, if there is one, its property as well as any related developments and installations, at replacement cost, any compensation being delegated
to the Tenant in application of Article 4.3.1. 

 Should the Premises be made up, wholly or partly, of individual co-ownership lots, the Landlord shall be
entitled to take out, in addition to any cover taken out by the building’s management association, any additional policy that it may deem necessary, the corresponding premiums being paid for by the Tenant. 

Should the business carried on by the Tenant result in the Landlord or neighbours or joint tenants being obliged to pay any additional insurance
premiums, the Tenant shall reimburse the interested parties in full. 
 Insurance premiums and any additional premiums paid for by the Landlord
shall be reimbursed by the Tenant under the terms stipulated in Articles 3.3.1 and 3.3.2 of the General Terms and Conditions. 
 6.2
Tenant’s insurance 
 As soon as the lease comes into force, the Tenant shall cover the pecuniary consequences of any public liability
that it may incur as a result of its business activities, in particular with respect to neighbours and third parties in general, by taking out policies with insurance companies widely known to be solvent. Since the parties have agreed that the
Landlord shall not give the Tenant any guarantee against disturbance to its enjoyment that may be caused by third parties, for whatever reason, said Tenant shall take out its own insurance to cover loss of enjoyment and operating losses. 

The insurance shall, in particular, include cover against the risk of fire, explosions, storms and floods in relation to its goods, equipment, plant and
merchandise, as well as to any adaptations that it may have made. 
 The Tenant shall take out insurance against operating losses, broken glass,
broken windows and equipment of any kind. 
 The Tenant shall take out cover ‘at replacement cost’ and shall provide the Landlord with
evidence of such insurance on an annual basis. 
 The Tenant shall provide the Landlord with evidence of its insurance policies and of payment
of the corresponding premiums, as soon as the Lease has been signed. 
 The insurance policies relating to these covers shall be kept in force
for the entire duration of the Lease and the Tenant shall pay all premiums and contributions and may be required to provide evidence of same simply at the Landlord’s request. 
 6.3 – Mutual waiver of recourse 
 The Tenant hereby expressly waives the right, and
shall have its insurer waive the right, to any recourse against the Landlord and its insurers for destruction or total or partial deterioration of any plant, furniture or other items of value and merchandise, due to loss or disturbance of possession
of the Premises and even in the event of total or partial loss of operating facilities, including intangibles. 
 The Landlord reciprocally
expressly waives the right and shall have its insurers waive the right, to any recourse that it may be entitled to exercise against the Tenant and its insurers. 

 6.4 – Accidents – Disturbances 
 The Tenant shall inform the Landlord or its authorised agent, immediately of any accidents occurring on the Premises. 
 It shall inform the Landlord immediately of any repairs made necessary by any wear or deterioration even if there is no apparent resultant damage, under penalty of being held liable for any direct or
indirect worsening of the situation resulting from its silence or delay, in particular, with respect to the Landlord’s insurers. 
 The
Tenant shall allow both the Landlord and any experts commissioned by insurance companies, free access to the Premises. It may not exercise any recourse against the Landlord for the performance of these expert appraisals. 

It shall, at its own expense and without delay, move its furniture, remove any cabinets and decorations as well as any installations the removal of which
may be required in order to diagnose and repair leaks of any kind as well as any cracks and, generally speaking, for the performance of any works. 
 7 – LIABILITY AND RECOURSE 
 The Tenant shall waive the right to any action for
damages against the Landlord and, in particular: 
 7.1 – In the event of theft or any other offence to which the Tenant may be victim in
the Premises or in the Property’s outbuildings, the Landlord not having any duty to achieve a given result with respect to surveillance or security. 
 7.2 – Should the supply of water, gas, electricity or any other fluids be interrupted or in the event of the lifts being out of order, even if this is for a prolonged period. 

7.3. – In the event of damages caused to the Premises and to objects contained therein, in particular, following leaks, floods, damp or other
circumstances that may be due to any works, including those covered by Article 606 of the French Civil Code, the Tenant being obliged to take out insurance against these risks and being without recourse against the Landlord. 

7.4 – In the event of behaviours resulting in liability being incurred by the building’s other occupants, their staff, suppliers or clients,
the Tenant personally endeavouring to take direct recourse against those causing the disturbances. 
 7.5 – In the event of the
Tenant’s enjoyment of the Premises being disturbed by any third parties, under these circumstances the Tenant being obliged to take direct action against said third parties without being entitled to involve or have recourse against, the
Landlord. 
 8 – SUBLETTING – ASSIGNMENT 
 8.1 – Rental 
 The Tenant is prohibited from giving possession of all, or part, of the
Premise to anyone at all (apart from one of its group companies), in any form whatsoever, even temporarily or free of charge or at will or under a management agreement. Any total or partial subletting is strictly prohibited (apart from to one of the
Tenant’s group companies), under penalty of automatic cancellation of the Lease. 

 In the event of subletting to a company belonging to the Tenant’s group of companies or to a third
party which may, on an exceptional basis, be authorised by the Landlord, the Tenant alone shall continue to be liable for payment, in full, of the rent to the Landlord and alone shall be responsible for the terms and conditions of the Lease, the
sub-tenancy only being fully valid within the scope of the rights held by the Tenant by virtue of this document. 
 Subletting, even if it is
authorised, shall be granted at the Tenant’s own risk and said Tenant agrees to take personal responsibility for the eviction of any sub-tenant. 
 Please note that the Premises form an indivisible whole and that, as a consequence, the sub-tenant shall not have any direct rights in respect of the Landlord and, in particular, any right to have the
premises maintained or to have the Lease renewed. 
 No third party sub-letting can be authorised, if the Tenant owes any rent, charges or
ancillary charges. 
 This clause does not aim to prevent the Tenant from making space available to its clients within the context of its
business activity. 
 8.2 – Assignment 
 The Tenant may not assign, in whole or in part, its right to the Lease, under penalty of cancellation, unless to the acquirer of its goodwill. 
 No assignment may be made if the Tenant owes rent, charges or ancillary charges. 
 The Landlord
shall be called for the deed of transfer by recorded delivery letter. 
 The Tenant shall remain as joint and several guarantor, waiving any
right to contest or divide liability, of any subsequent assignee or assignees, both for the payment of rent and for the fulfilment of all the terms and conditions of the Lease. 
 Anyone subsequently becoming an assignee of the Lease shall continue to be liable in respect of the Landlord, jointly and severally with the Tenant, for payment of rent and for the fulfilment of the terms
and conditions of the Lease, for the entire duration of same even if they are no longer at the premises and may even have assigned their rights under said Lease. 
 To fulfil this guarantee, in all cases of assignment, the Tenant’s successor as well as all subsequent successors shall, for the purposes of the validity of said assignment, provide the Landlord with
a bank guarantee for payment of a sum corresponding to one year’s rent, inclusive of taxes, said rent being the rent in force on the date of assignment. 
 An execution copy of the deed of transfer, recorded as an original copy, shall be sent to the Landlord free of charge, the Tenant being obliged to adhere to rules of notification under Article 1690 of the
French Civil Code. 
 8.3 – Transfer 
 As required, it is specified that in accordance with Article L. 145-16 of the French Commercial Code this Lease shall be freely transferred within the context of a T.U.P. (Complete transfer of
assets and liabilities) transaction involving any merger, asset contribution-demerger or demerger, without needing to adhere to the formalities of Article 1690 of the French Civil Code. 

 9 – AVOIDANCE CLAUSE 
 Should exact payment of one single instalment of rent, any charge or ancillary charge or occupation rent under Article L. 145-28 of the French Commercial Code or more generally speaking, any sum owing by
the Tenant, fail to be paid on its due date and one month after an order to pay or formal notice to pay given by means of an extrajudicial document containing the Landlord’s declaration of intent to enforce this clause, remains unheeded, the
Lease shall automatically be cancelled, if the Landlord believes this is the right course of action, without any need to go to law. 
 The same
clause shall apply, if one single clause of the Lease fails to be performed. 
 Should the Tenant refuse to vacate the premises, its expulsion
shall result from a simple interim order issued by the Presiding judge at the Tribunal de Grande Instance with jurisdiction in the area where the Premises are located, which shall be provisionally enforceable without guarantee,
notwithstanding the right of appeal. 
 In this case, whatever the reason for the cancellation, the advance rent, as defined in the Special
Terms and Conditions shall be acquired by the Landlord for initial damages as per Article 3.7.2 above without prejudice to any other damages and the Tenant shall be liable to pay the Landlord occupation rent in application of Article 3.9 of the
General Term and Conditions, irrespective of the rent outstanding on the date on which the Lease is cancelled. 
 10 – TOLERANCE

 Any tolerance on the part of the Landlord in relation to the terms and conditions of the Lease, whatever the frequency or duration, may
not, under any circumstances, be considered as amending or deleting said terms or conditions, nor as generating any right whatsoever, the Landlord being able to end said tolerance at any time. 

11 – SEVERABILITY 
 The
parties expressly agree that the invalidity or illegality, in terms of the impossibility of enforcement, of any one of the clauses of the Lease shall not affect the validity of the Lease and the possibility of enforcing the other provisions of the
Lease, the disputed clause being deemed never to have been written. 
 12 – AMENDMENTS AFFECTING THE PERSON OF THE TENANT

 The Landlord shall be informed of any amendments to the Tenant’s Memorandum and Articles of Association resulting in a change in the
form of its company, a change of name, the transfer of its registered office, a change of capital or any change of Chairman or manager, within a period of one month, supported by an up-to-date Kbis extract [company registration information] and a
certified copy of its current Memorandum and Articles of Association. 
 13 – SUBSTITUTION OF THE LANDLORD 

Throughout the duration of the Lease and any renewals, should the Landlord transfer ownership of the Property, by any legal means, to a third party of its
choice, whether this is a legal or natural person, the latter shall automatically be substituted for the Landlord, from the transfer date, in all the rights and obligations arising from this Lease, both actively and passively, without this
substitution, which has already been agreed by the Tenant, resulting in a novation in respect of this Lease. 

 The Tenant hereby agrees that any deposit or surety or guarantee held by the Landlord by virtue of this
Lease, should be transferred to the acquirer, thereby waiving the right to any recourse against the current Landlord, the vendor, by virtue of the restitution of these guarantees. 
 14 – ELECTION OF DOMICILE 
 For the execution of this document each party elects
domicile at its registered office. 
 15 – ANNEXES 
 The documents below constitute the annexes of this Lease and form an integral part thereof: 

Annex 1: Plan of the rented premises 
 Annex 2:
Natural and technological risk report 
 Annex 3: Asbestos assessment 
 Annex 4: Termite assessment 
 Annex 5: Energy performance assessment 

Annex 6: 2010 Property tax advice 
 Made in
Paris on 03/01/2011 
 In two original copies 
  

			
	The Landlord	  	The Tenant
		
	[signatures]	  	
	Corpet Louvet Shareholder [Handwritten]	  	 [Stamp]
 INTERXION
FRANCE
 Bât 260 – 45 avenue Victor Hugo
 93534 Aubervilliers Cedex – France
 Bobigny Register of Trade and Companies 423 945
799
 APE 6311 Z
 Tel.: +33 (0)1 53 56
36 10 – Fax: +33 (0)1 53 56 36 20

		
		  	 [Signature]
 Chairman
[Handwritten]Lease Agreement

 Exhibit 4.20 
 (English Translation) 
 * * *Confidential material has been omitted and filed
separately with the Commission 
 LEASING AGREEMENT FOR NON-RESIDENTIAL USE FOR THE PROPERTY LOCATED IN CALLE ALBASANZ N° 73, MADRID
28037 
 In Madrid, on October 10, 2011 
 I 
 BY AND BETWEEN 

FOR ONE PARTY, 
 Mr Mohandas Bhagwandas
Chainani, an adult, with professional residence in calle Albasanz N° 73, Madrid 28037, holder of ID card no. 05420657-V, currently in force. 
 FOR THE OTHER PARTY, 
 Mr Robertus Johannes Michael Assink, an adult, of Dutch nationality,
holder of Spanish Residence Permit (NIE) No. X-1589529-E, in force and with professional residence in calle Albasanz N° 71, Madrid 28037 
 II 
 THE PARTIES ACT 

The former, on behalf of and in representation of the following business organisation: 

Mr Mohandas Bhagwandas Chainani, in his capacity as Duly Empowered Representative, on behalf of and in representation of
CHAINCO INVESTMENTS COMPANY, S.L., with VAT no. B-81222648, with registered address in calle Albasanz N° 73, Madrid 28037, incorporated for an indefinite period of time by means of a deed executed in the presence of the Notary Public of
Madrid, Mr José Marcos Picón Martín, on July 7, 1995, with his protocol number 1675 . Registered in the Companies House of this Province, in volume 9752, book 0, sheet 195, section 8, leaf
M 156669, entry 1a. Hereinafter the “LESSOR” 
 The latter, on behalf of and in
representation of the following business organisations: 
  

	(i)	Mr. Robertus Johannes Michael Assink, with Spanish Residence Permit (NIE) No. X-1589529-E, in his capacity as Joint and Several Administrator, on behalf of and in
representation of the business organisation called INTERXION ESPAÑA, S.A.U., with VAT no. A-82517731, by virtue of a deed authorised by the Notary Public of Madrid Mr. Carlos Pérez Baudín on May 18, 2010, with
his protocol no. 1125, with registered address in calle Albasanz N° 71, Madrid 28037, a company entered in the Companies House of Madrid, in Volume 14952, Book 0, Sheet 161, Section 8a, Sheet
M-249071, Entry 7a (15-06-2010). Hereinafter the “LESSEE”. 

  

	(ii)	Mr. Robertus Johannes Michael Assink acts on behalf of and in representation of INTERXION HOLDING NV, with registered offices in Tupolevlaan 24 - 1119 NX
Schiphol-Rijk - Holland, a company duly incorporated in accordance with Dutch Law, and registered in the Chamber of Commerce of Amsterdam, Holland, with no. 33301892, a position he holds by virtue of a special power as Joint and Several
Guarantor, granted by Mr David Ruberg, Chief Executive Officer of INTERXION HOLDING NV in the presence of the Notary Public of Holland, Mr. Bartholomeus Johannes Kuck, on October 10, 2011 (copy attached as Annex 1), and
authorised for this purpose by an agreement of the Governing Board of the Company by means of a certificate issued by Mr Jacobus Johannes Camman, Secretary of the Governing Board of INTERXION HOLDING NV (copy attached as Annex 2).
Hereinafter the “JOINT AND SEVERAL GUARANTOR”. 

 All the parties reciprocally acknowledge their respective powers to
enter into this Leasing Agreement for non-residential use, to which end 

 III 
 THEY STATE 
 I.- That the LESSOR is the owner of the property located in calle
Albasanz N° 73, Madrid 28037 (hereinafter the “Property”). The approximate surface area of the land is 1,517 m2. This land currently houses a building that has an approximate built-up surface area of 2,130 square metres.

 The Property and the building are located in calle Albasanz N° 73, Madrid 28037. It is comprised of a ground floor, housing the loading
and unloading area, reception offices, toilets, a warehouse compartment with mobile shelves for material storage. The first floor contains toilets, a kitchen and offices, and the second floor contains the rest of the offices, toilets and other
management and personnel services. Both floors are connected by an inner stair, a lift and a service lift. 
 The built-up surface area of the
ground floor is one thousand, four hundred and forty-five square metres (1,445 m2); The first floor is two hundred and seventy-five square metres (275 m2), and the second floor four hundred and ten square metres (410 m2), on the plot of one
thousand, five hundred and seventeen square metres (1,517 m2), with a permanent 30.70-metre long garage entrance (keep clear area). 
 Registry
description: Entered in the Property Register No. 17 of Madrid, Volume 1637, Book 651, Sheet 20. 
 Cadastral
Reference No.: 7471709VK4777A0001TF. 
 Permanent Garage Entrance (Keep Clear). Registration No.: 2000001583. 

Taxes and expenses: The Property is up to date in the payment of taxes, rates, contributions and other fees on the date of the signature of this
Agreement. 
 Charges: Free of charges, encumbrances and tenants. 
 II.- The LESSEE states that it is aware of and accepts the current physical, building, legal, administrative, development and land registry status of the Property as described. 

III.- That the LESSEE is interested in renting the property to use it for the company’s business activity, particularly the installation,
operation and maintenance of data processing centres (DPC) and connections between networks of telecommunications operators, and the LESSOR is interested in leasing it to the LESSEE. 
 IV.- That the parties hereto being in agreement, and mutually and reciprocally acknowledging their respective legal empowerment to enter into this agreement, which is binding, and attaching
particular importance to the good faith with which each one of them will honour their respective commitments, they agree, of their own free will, to enter into this leasing Agreement for non-residential use, hereinafter the “Agreement”, on
the aforementioned property, which will be governed by the clauses of this Agreement and, in the event of any other circumstances not provided for herein, by the provisions of Title III of the current Spanish Ley de Arrendamientos Urbanos [Urban
Leasing Law] (Law 29/1994, of November 24), hereinafter the “LAU” and, as necessary, by the provisions of the Civil Code. 

 CLAUSES 
 First.- Definitions 
 For the purpose of this Agreement, the following expressions
will have the definition attached to them below: 
  

			
	“LESSOR”	  	CHAINCO INVESTMENTS COMPANY, S.L., with VAT No. B-81222648, with registered address in calle Albasanz N° 73, Madrid 28037, a company entered in the Companies House of
Madrid, in Volume 9752, Book 0, Sheet 195, Section 8a, Sheet M-156669, Entry 1a.
		
	“LESSEE”	  	INTERXION ESPAÑA, S.A.U., with VAT No. B-82517731, with registered address in calle Albasanz N° 71, Madrid 28037, a company entered in the Companies House
of Madrid, in Volume 14952, Book 0, Sheet 161, Section 8a, Sheet M-249071, Entry
7a.

		
	“Box in Box”	  	The equipment, installations and movable elements built outside the building and added to it to carry out the activity of the corporate purpose of INTERXION ESPAÑA S.A.U.,
i.e. the specific DPC installations used to provide the service, in general: computing systems, servers, generators, transformers, chillers, RACs, etc., which may be disassembled and removed without affecting the structure, operation, appearance and
legality of the building.
		
	“Agreement”	  	This Leasing Agreement.
		
	“Building”	  	It comprises the fixed construction erected on the ground according to the building projects submitted, as well as the parts of the buildings, elements, installations and equipment
used to provide a service which cannot be removed without somehow jeopardising it, with the specific exclusion of the “Box in Box”.
		
	“Start Date”	  	The date indicated in clause 3.1. (10-10-2011)
		
	“Property”	  	The total of the land and real property described in the They State (I) section, as well as the buildings and facilities existing in the Property at any time.
		
	“Joint and Several Guarantor”	  	INTERXION HOLDING NV, with registered offices in Tupolevlaan 24 - 1119 NX Schiphol-Rijk - Holland, a company duly incorporated in accordance with Dutch Law, and registered in the
Chamber of Commerce of Amsterdam, Holland, which endorses and guarantees, jointly and severally, and to the maximum extent permitted by law, the obligations taken on by the LESSEE in this Agreement until its termination, as agreed to
herein.
		
	“CPI”	  	Consumer Price Index (CPI)
		
	“INE”	  	Instituto Nacional de Estadística [National Institute of Statistics] (INE)
		
	“ITE”	  	Technical Building Inspection (ITE)
		
	“Major Work”	  	Major Work is taken to mean all building work, be it in or on existing buildings, demolition or new building work, as well as any work which, before the building can operate,
requires permissions and an administrative “Major Work” licence. This includes any actions that affect the structure of the buildings and work to extend the occupation and/or the built-up volume.
		
	“Required Work”	  	Any Work required in accordance with the applicable legislation or regulations and applicable to the building and/or installations on the Property, as well as work required for the
maintenance or repair of the building throughout the term of this Agreement.

			
	 “Other Work”
	  	All other work that does not correspond to Major Work and Required Work, and which, by way of examples which are not exhaustive, may be electrical installations, air conditioning,
lifts, stairs, facade etc.
		
	 “Obligatory Compliance Period”
	  	The period of fifteen years to which the parties commit pursuant to this Agreement.

 Second.- Object of the Agreement 
 By virtue of this Agreement, the LESSOR leases to the LESSEE, who accepts, a Property described in the They State section I, which the LESSEE states that it knows and accepts, accepts, in its current
physical, building, legal, administrative, development and land registry status. 
 The LESSEE acknowledges that it receives the Property and
its installations and services in good conditions of use and in a good state of repair. 
 The LESSEE will use the Property mainly for the
specific activities of its corporate purpose, and particularly for the installation, operation and maintenance of data processing centres (DPC). It may also use the Property for complementary uses to the core activity provided that any such use does
not involve a greater percentage than that of the core activity and that the clients to whom any such services are rendered are also clients of the LESSEE’s core activity. 
 As it is not a question of covering a permanent housing need of the LESSEE and the other people stated in Article 7 of the Ley de Arrendamientos Urbanos [Law of Urban Leasings], this agreement is excluded
from the system of protection established in titles I and II of the aforementioned Law, and is governed, pursuant to Article 4 of aforementioned Law, by the provisions of this Agreement, by the provisions of Title III of the aforementioned Law, in
terms of the Articles whose application has not been expressly excluded in the conditions of this document or do not contradict the provisions of this Agreement, and subsidarily, by the provisions of the Civil Code. 

Third.- Term of the Agreement 

3.1. The Leasing Agreement will take effect as of its signature, on October 10, 2011 (the “Start Date”), and will have an
Obligatory Compliance Period of fifteen (15) years as of the aforementioned date of October 10, 2011, until October 9, 2026. 
 3.2. Following the expiration of the Agreement because the Obligatory Compliance Period of fifteen (15) years has elapsed, this Agreement will be automatically discharged. 

3.3. If for any reason the LESSEE decided to abandon this Agreement or vacate or were obliged to vacate the Property before the fifteen
(15) years of Obligatory Compliance have elapsed, it must pay the LESSOR the amount equivalent to the rent that would remain until the fifteenth year, taking into account, for the aforementioned calculation, that the updated rent for
each annual period will be that which results from the application of the increases agreed to in this Agreement, until the end of the term of fifteen years, by way of damages which such an early discharge causes the LESSOR. 

 The indemnities provided for in this agreement will be added to the amount resulting from the provisions of
the previous paragraph if the Work established in this Agreement has not been completed pursuant the Work Execution Project and to the corresponding administrative licence, without prejudice to other indemnities and amounts established in this
Agreement in the event of non-fulfilment. 
 Fourth.- Delivery of the Property 

4.1. Without prejudice to the enforceability of the Agreement as of its signature, the LESSEE authorises the LESSOR to maintain and use the
Property for a term of (30) thirty days, at no charge to the LESSOR, during which term the LESSEE may not use the Property without the LESSOR’s express authorisation. After the aforementioned term of (30) thirty days has elapsed, the
LESSEE will have full possession of the Property. 
 4.2. On the date it deems fitting within the aforementioned term of (30) thirty
days, the LESSOR will deliver the building on the Property, and particularly the warehouse of the aforementioned building, with no fixed, mobile or anchored shelves. 
 Fifth.- Economic Conditions 
 5.1. RENT.- The rent agreed to in the leasing
which is the object of this agreement will consist of: 
 For the first annual leasing period, from October 10, 2011 until October 9,
2012, the amount of * * *. 
 For the second annual leasing period, or in other words, from October 10, 2012 until October 9, 2013,
the amount of * * *. 
 As of the third annual leasing period, i.e. from October 10, 2013 and thereafter, the amount of * * *, to be
revised annually pursuant to the provisions of clause 5.6 of this agreement. 
 The aforementioned amounts refer exclusively to the price of the
leasing and do not include taxes or expenses. 
 5.2. Value Added Tax (VAT) and/or other Taxes 

This leasing is subject to Value Added Tax (VAT) and/or to any tax that may be levied on the leasing throughout the term of this Agreement, and
consequently the total amount of each one of the successive rental invoices must accrue, according to the legal rate applicable at all times, and automatically, the corresponding amount of the aforementioned tax, which will be stated separately from
the rest of the items on the corresponding invoice. 
 5.3. Payment of the Rent 
 Payment of the rent and other concepts which in accordance with the Law and the clauses of this Agreement may be charged to or paid by the LESSEE, will be made by means of bank transfer to CHAINCO
INVESTMENTS COMPANY, S.L. into the Caixabank no. account 2100-2138-15-0200438756, which to this end is indicated in this act by the LESSOR. 
 The rent will be paid by the LESSEE to the LESSOR in twelve monthly payments, paid one month in advance, within the first FIVE (5) days of each month, plus the corresponding VAT. 

 The LESSOR will be obliged to issue, on a monthly basis, to the LESSEE, the corresponding invoices for the
amounts resulting from the provisions of this clause. In no case will failure to deliver an invoice constitute an excuse for non-payment of the rent by the LESSEE. 
 In this act, the LESSEE delivers to the LESSOR, as the first rent from the Start Date of this Leasing Agreement until October 31, 2011, the amount of * * *, by means of the nominal promissory note
no. 6.075.722-0 8201-4 of the CaixaBank bank. The LESSOR receives the aforementioned cheque subject to it being credited to the account, granting, in this act, the firmest and most efficient letter of payment for the aforementioned amount.

 5.4. Exemption from withholding of the LESSEE 
 This agreement will be subject to withholding in each payment of the monthly rent agreed to according to the applicable legislation. Nevertheless, when the law envisages exemption from making the
withholding, the LESSEE will make no withholding if the corresponding legislative requirements are met. When the withholding exemption requires a certificate that should be sent by the LESSOR to the LESSEE, the latter will make no withholding as of
the moment the aforementioned certificate is made available to it. The LESSEE delivers to the LESSOR in this act, attaching it to this contract, copy of the certificate issued by the Tax Authorities Exempting Lessors from making the Withholding.

 5.5. Delay and non-payment of the Rent 
 Any delay in the payment of the rent will lead to a surcharge on the interests payable by the LESSOR at a variable annual rate that will be the result of applying, the interest rate on the Interbank
market published by the Bank of Spain at the time of the non-fulfilment of the payment plus a ten percent (10%) increase during the first thirty days, and twenty percent (20%) as of day 31 of the non-payment and until total payment of the
proper rent owing, besides all other expenses produced, without prejudice to the LESSOR being entitled to instigate eviction procedure due to lack of payment as of day sixty-one (61) as of the first day of the month of non-payment of the rent.

 Non-fulfilment by the LESSEE of the obligation to pay the rent in the time, place and form established in this Agreement will entitle the
LESSOR to demand termination of this leasing agreement and commence eviction proceedings as provided for by this Agreement. 
 5.6. Update of
the Rent 
 5.6.1. The rent agreed to in clause 5.1 above will be updated as of the beginning of the fourth year (October 10, 2014) of
accrual of the leasing on the date of the end of each year of the term, and throughout the term of the agreement in accordance with the percentage variation in the consumer price index (hereinafter, the CPI), in the twelve (12) months
before the update in accordance with the data published for this purpose by the National Institute of Statistics (INE) or any organisation that replaces it, without, in any case, the increase in the rent being lower than three per cent
(3%) a year. 
 To this end, and for the provisions of the following points referenced to the CPI, the initial index taken for the revision
will be the index published by the INE on the effective date of the period being revised, and the final index taken will be the last one published before the expiration of the period being revised, and so on for each annual review. 

If at the time of the update the aforementioned definitive indexes had not been published, the provisional index established by the INE will be applied,
and once the definitive index is known, the corresponding settlement will be made taking into account the date the new rent became applicable, and the corresponding balance will be paid to the LESSOR or LESSEE. 

5.6.2. Without prejudice to the agreement made for the annual update of the rent in accordance with the evolution of the CPI, the parties agree to
exclude the application of the aforementioned update in the calendar years corresponding to the (6) sixth and (11) eleventh years, when, instead of the annual rate in force being updated according to the CPI, a percentage increase of
(6%) six per cent will be applied. 
 5.6.3. The variations in the rent derived from the revision agreed to in this clause
will be added to the rent of this Agreement and will therefore be part of the basis for successive revisions which will be carried out pursuant to the provisions of this clause. 

 Sixth.- Conditions for return of the Property 

6.1. On termination of the leasing, regardless of the cause, the LESSEE must vacate the Property and, on request by the LESSOR, return it to it, in
good conditions of operation, conservation and maintenance, barring the wear produced by the normal use thereof and by the passing of time, or if the LESSOR chooses the total or partial demolition of the property, and/or total or partial removal of
all kinds of equipment, installations and rubbish, the LESSEE will be responsible for all expenses and activities involved in the aforementioned demolition, removal and rubbish disposal, including all types of rates, taxes and licences needed to do
so, technical fees, and all expenses for the removal of waste, goods, installations and rubbish to authorised landfills, leaving the Property free of any charges, encumbrances, obligations and debts that INTERXION ESPAÑA, S.A.U. has to
satisfy in accordance with this Agreement or with the legal ordinance, returning the keys and possession of the property to the LESSOR on the day the Agreement terminates. 
 6.2. Without prejudice to the previous clause, the LESSOR must inform the LESSEE in writing, within the minimum term of one (1) year before the termination of the Obligatory Compliance Period,
which option it chooses, either total or partial demolition and/or removal of part or all equipment, installations and rubbish or the restitution of the Property. If the LESSOR does not notify its chosen option to the LESSEE in the term indicated,
the LESSOR will be understood to have chosen the restitution of the Property. 
 This term of one (1) year will not be taken into account
when the LESSEE must or wishes to return the Property for any reason before the expiration of the Agreement. In these eventualities, the LESSOR will notify its option within the maximum term of 60 days as soon as it learns of the LESSEE’s
obligation to return the Property. 
 6.3. If the option were total or partial demolition and/or removal of all or part of the equipment
and installations of the building, the LESSEE will have (90) days at most after the expiration date of the Agreement to execute, on its own account and cost, the option chosen by the LESSOR and in the established conditions of this Agreement,
during which term it will pay the LESSEE 50% of the applicable rent. 
 6.4. On expiration of the Agreement, and if the LESSOR chooses
not to demolish all or part of the Building and installations executed on the leased Property, it may choose to keep any work or improvements made by the LESSEE to the Property for its own benefit. The LESSOR may, at no cost whatsoever to it, have
the LESSEE remove from the Property, totally or partially, any facilities, furniture and fittings, goods, equipment and other modifications made to it that do not affect the configuration of the building on the Property or the actual Property,
except the pre-existing services and accessories, lift, service lift, air-conditioning and electrical installation, local area networks, technical floors, etc, and anything that may damage the building or the Property, which must remain in it
without prejudice to the LESSOR’s entitlement to call for the total or partial demolition of the building on account of the LESSEE in the terms already expounded in this Agreement. 
 6.5. Notwithstanding the foregoing, the LESSEE will benefit from, and will remove, improvements that are not part of the building or do not damage or render it inoperative, useless or uninhabitable
or detract from its value or which require repairs, fixes, replacements or the start-up of equipment or installations that are carried out in the Building and/or the Property leased pertaining to the Data Centre (the “Box in Box”),
which refers to the self-sufficient building constructing a building in the Building and whose removal from the Building by the LESSEE cannot affect the operation and structure thereof, in which case the LESSEE will be entirely responsible for any
damages caused by the removal on the configuration and structure of the building located in the Property. 
 6.6. If on termination of
the leasing period, and following the term agreed to by the PARTIES for the LESSOR to execute the option of demolition, removal of equipment or recovery of the Property, the LESSOR has not received the Property in the terms and conditions expounded
above, as for any other case in which the LESSOR has to recover the effective possession of the property pursuant to the Law or this Agreement, the LESSOR will be entitled to receive from the LESSEE an indemnity equivalent to 150% of the
applicable daily rent at the time of the non-fulfilment per day of delay in the delivery of the Property over the first thirty (30) days, which will be 200% for up to sixty (60) days and 300% as of day sixty-one
(61), until the date the LESSOR recovers effective possession of the Property in the conditions agreed to herein, and all without prejudice to the LESSOR being entitled to avail itself of the other rights and actions provided for in the Law
and/or in this Agreement to obtain the delivery of the Property and, as the case may be, collection of the relevant indemnity, and the fulfilment, as the case may be, of the total or partial demolition or total or partial removal of the equipment
and installations from the building in the Property, with all the expenses incurred in all the above actions to be met by the LESSEE. 

 Seventh.- Work 
 7.1. Building adaptation work. 
 7.1.1. For the LESSEE, the core purpose of the
leasing is to have, in the leased Property, a building with the requirements and installations it needs to carry on its activity. 
 To this
end, the LESSOR authorises the LESSEE, throughout the term of this Agreement, to perform, entirely on its own account and its own expense and in accordance with this Agreement, any work on the Property required to adapt it to the purposes listed in
the second clause, and any work deemed necessary and/or convenient for the development of its activity at all times, or any Other Work that is necessary or legally required, provided that in all cases the resulting building observes all the
legislation and regulations required by the corresponding organisms and all the mandatory technical and city-planning legislation for building and for the activity carried on, as well as the industrial and safety legislation in force regulating the
plot of land where they are located, at no time exceeding the plot’s buildability limit. 
 7.1.2. If the LESSEE chose to demolish
the building located on the leased Property to build a new one that observes the conditions of this Agreement, the demolition, which the LESSEE will do entirely on its own account and its own expense, must have the legally required authorisations
and licences, after informing the adjoining properties and securing their authorisation, if necessary, must be performed in safe conditions in the transfer of rubbish and its disposal in a legally established landfill in legal conditions.

 The LESSEE will be responsible for all the technical projects required for the demolition and the cost of the demolition and the relocation
of rubbish and disposal in authorised landfills, as well as the formalities required to obtain them. 
 The LESSEE will be entirely responsible
for all damage that may be caused to third parties as a result of the execution of demolition, clearing away and waste disposal work. To this end, the LESSEE will take out a public liability insurance policy that will expressly cover this risk.

 All the formalities, risks and expenses required to comply with this Agreement will fall to the LESSEE. 

7.1.3. The LESSEE undertakes to deliver a copy to the LESSOR, before the execution of the Major Work involved in the construction of a new
building and/or which requires some type of Major Work licence, of the basic and execution projects and all the modifications, duly signed by the architect and approved by the competent authorities, the planning of the work, as well as all the
licences and all the permits that authorise the work and the activity, the payment of settlements and fees derived from these licences, as well the Site Safety and Occupational Health Plan, the approval of the Safety and Health Plan by the Safety
and Health Coordinator, the opening of the work centre in the name of the builder. 
 If the project for the Major Work, licences and/or permits
do not fulfil the legislation in force and the conditions of this Agreement, the LESSOR may have the LESSEE make the necessary modifications for the planned work to fulfil the agreement and the applicable legislation, without which the work cannot
go ahead. In this case the LESSEE will meet all the costs and risks required to comply with the provisions of this paragraph. 
 The LESSOR may,
having considered the project submitted or the execution of the works derived from it, insist that it fulfil all the city-development related legislation and regulations of the competent authorities applicable to the Required Work and/or be modified
to guarantee the safety and stability of the Building. The LESSEE must take the measures and/or make the modifications indicated by the LESSOR pursuant to this clause. 

 7.1.4. The LESSEE will be totally responsible for any sanction, fine, fee or claim of any type and in
any jurisdictional order which, with regard to the Major Work and/or Required Work it does, arises as a consequence of the non-fulfilment, delay or omission in compliance with city development, taxation or administrative legislation or with any
orders delivered to it for this purpose by the competent administrations or the LESSOR, or as claim for indemnity for damages resulting from the aforementioned non-fulfilment, including those which may be brought against the LESSOR as the main,
joint and several or subsidiary responsible party, and will keep the LESSOR free of any damages caused by the aforementioned omission until the termination of this Agreement. 
 As the LESSEE is responsible for the implementation of the Major Work and/or Required Work on the Property, in no case will the lack of execution of the work or the loss of licences or authorisations for
the activity or the sealing or closure of the installation or the premises due to the lack of implementation of the aforementioned Major Work and/or Required Work constitute grounds for the termination of this Agreement. 

7.1.5. In any case, and for the implementation of any Major Work and/or the Required Work, the LESSEE, besides the request for consent to be sent
to the LESSOR, will deliver a technical project, and, if necessary, which complies with the applicable regulations and is duly approved by the Official College of Architects. 
 7.1.6. If any work is performed without the LESSOR’s consent when authorisation is required in accordance with the provisions of this Agreement, the latter may have the LESSEE restore things
to the envisaged authorised condition, with the LESSEE meeting all the expenses involved, or else maintain the modifications made, once the work has been legalised by means of the Technical Project drafted by the Competent Technician and approved by
the corresponding organisation, as well as the licence that protects the action, at the expense and on account of the LESSEE, without the LESSEE being entitled, in such a case, to claim indemnity from the LESSOR. 

7.1.7. After obtaining the written authorisation and consent of the owners of the Real Property located in calle Albasanz N° 71 with the
LESSEE, the LESSOR authorises the opening-up of connections or passageways with the aforementioned adjacent real property or the demolition of the party walls between both of them as long as the LESSEE is also the LESSEE of the aforementioned
adjoining Real Property, and with the LESSEE being obliged to close the aforementioned connections or passageways and/or build the party walls that guarantee the physical separation between both properties with materials of the same quality that may
be used in building in the future once either of the two Leasing Agreements it has expires, either the building in calle Albasanz N° 71 or the leased Real Property in calle Albasanz N° 73, within the maximum term of thirty (30) calendar
days as of the moment the obligation to close or cancel the passageways begins. The LESSEE undertakes to manage, on its own account and its own expense, all the necessary projects and permits with the local authorities and with the owners of the
adjacent building in calle Albasanz N° 71, which it has also leased, and will meet, entirely on its own account and its own expense, the costs of opening and closing the passageways and/or connections that have been made. 

The LESSEE, before beginning the demolition work on the building, must provide the LESSOR with the following documentation: 

- Copy of all licences, authorisations and permits stated in this section. 
 Signed authorisation by the owners of the adjoining property, located in calle Albasanz No. 71, with INTERXION ESPAÑA, S.A.U., expressly authorising the attachment of the aforementioned
adjoining property to the property in calle Albasanz N° 73 and the performance of the party wall work, the opening of doorways, gaps and the restitution of both properties and in which the LESSEE takes on, vis-à-vis the owners of the
property of calle Albasanz N° 71, all responsibility for the aforementioned attachment, party walls, doorways, gaps and restitution of the property, releasing the LESSOR from any responsibilities in this regard. Prior to the signature of the
aforementioned document with the owners of the adjoining property, the LESSEE will submit the draft to the LESSOR so that the latter can compare the aforementioned document with the contents of this Agreement. 

 The presentation to the LESSOR of the aforementioned documents, including the authorisation of the adjoining
property signed before the thirty-first of October 2011, will be an indispensable condition for undertaking any demolition or new building work of the BUILDING. 
 Without prejudice to the foregoing, the LESSEE will keep the LESSOR free from all claims that may be brought by the owners of calle Albasanz N° 71 for any reason, releasing the LESSOR from all
responsibility. 
 On no account will the opening and use of the passageways constitute a right of passage or any type of right to the Property
leased in favour of the adjacent property of calle Albasanz N° 71, and nor may it be entered in the Land Registry as such. 
 7.1.8.
The LESSEE will deliver a copy of all the documentation generated as a result of the Major Work and/or the Required Work: execution drawings, projects, work certificates, administrative licences, receipts of payment of rates and licences, order
books, authorisations for facilities, etc., until the completion of the major Work and/or the Required Work. 
 7.1.9. The LESSOR,
throughout the term of the Agreement, will be kept up to date on the Major Work and/or the Required Work, and will be empowered to have the LESSEE make sure that the Major Work and/or Required Work is adapted to the project presented and/or to the
applicable legislation. 
 The LESSEE will allow the LESSOR to see the subcontracting ledger of the Major Work and/or the Required Work at any
time during the work, the LESSEE undertakes to provide the LESSOR with any documentation it requests on the subcontractors working on the “Major Work” and/or the Required Work at the time. 

7.1.10. All work, including, as the case may be, those pertaining to connections between boundaries or passageways between buildings stated in
this Agreement, will be contracted directly by the LESSEE, and the latter will take on, directly, personally and entirely, all the related responsibilities specific to a developer, both with regard to its execution, the project, permits, licences,
authorisations, payment commitments, etc., releasing the LESSOR from any responsibility to third parties as a result of deficiencies in the project, execution of the work, building defects and payment commitments, as a result of the aforementioned
work. 

 7.1.11. The LESSEE may not claim any damages or indemnity from the LESSOR due to a stoppage in the
services or in its activity as a result of defects derived from the project and/or the work performed or to be performed by the LESSEE, including the services and facilities executed in the building or the Property, such as, by way of example, and
without the list being regarded as exhaustive, electrical or air-conditioning installations, and nor may it claim discharge of the Agreement for any reason. 
 In no case will performance by the LESSEE of any work contained in this Agreement entitle the LESSEE to a reduction in the rent or the suspension thereof, nor to indemnity for work expenses or to abandon
the Leasing Agreement even if the aforementioned work affects it relevantly. 
 7.2. Ownership of the work, declarations and registration of
the work 
 On the Major Work has been completed, it will remain as the property and for the benefit of the LESSOR at no cost to the latter.
The LESSEE will be obliged, entirely on its own account and its own expense, to perform the Declaration of New Building Work in the presence of a Notary Public, to have it entered in the corresponding registry and to declare it to the General
Directorate of Land Registry, all in favour of the LESSOR, including the payment of taxes, professional fees and all the management costs incurred. The LESSOR will revise the documentation to be presented and will authorise the description of the
property. 
 Moreover, the LESSEE will deliver to the LESSOR the Final Work Certificate signed by the Architect and the Quantity Surveyor and
approval by the competent authorities, as well as copy of the legalisation projects and final Certificates of the installations signed by competent technicians approved by the corresponding organisation for all the installations of the building,
bulletins of all the installations signed by authorised installers and stamped by the Authorised Control Organisation, copy of the licence and/or certificate of first occupation and opening licence. 

7.3. Employer’s Obligations 

7.3.1. The LESSEE undertakes, throughout the term of this Agreement, to ensure that the personnel hired and subcontracted for the execution of all
the Work and Installations envisaged in this Agreement are properly contracted and that they are up to date in their Social Security contributions and other legal requirements, which it shall accredit at any time on request by the LESSOR.

 7.3.2. The LESSEE expressly releases the LESSOR from any responsibility derived from the working relationship that the workers
employed for the execution of the works and installations provided for in this agreement may have with the companies contracted or the non-fulfilment the latter of their obligations as employers, and will be directly and exclusively responsibility
for any amount and/or responsibility that may be demanded of the LESSOR for such eventualities. 
 7.4. LESSEE’s responsibility for
non-execution and/or non-completion of the work 
 7.4.1. If the LESSEE abandoned the leasing, or if the Agreement had to be
terminated for reasons other than an act or breakage by the LESSOR, and the Work mentioned in this Agreement had not been completed, and, without prejudice to any other compensation established in this Agreement, the LESSEE will indemnify the LESSOR
within a term of not more than ten days by way of damages, for the amount budgeted for the uncompleted work, obtained by obtaining the mean of three budgets submitted by three different companies of repute, in accordance with the indications of the
architect managing the execution of the work, and/or the architect appointed by the LESSOR, for the part of the project and/or work with execution pending, plus any other expenses incurred until the new work is registered in the Land Registry.

 7.4.2. Moreover, the LESSOR may choose to keep the work in its current status, at no charge to it, or have the LESSEE, on its own
account and at its own expense, totally or partially demolish the work that has been built and clear the land, as provided for in this Agreement. 
 7.5. Information to the LESSOR 
 The LESSEE will inform the LESSOR in advance of any work it
intends to carry out on the property, even if it is not Major Work and/or Required Work, and will provide it with copy of the project or of the licence, as applicable, on demand. 

 Eighth.- Conservation and Maintenance of the Property and installations 

8.1. Throughout the term of this Agreement, the LESSEE will be responsible for carrying out all the Required Work necessary in accordance with the
applicable regulations and legislation to conserve and maintain the property and its buildings in accordance with the provisions of this Agreement, and its installations and services/utilities in suitable conditions for it to be used as intended, as
well as any work and installations required at all times by the applicable legislation for the use of the building for the purposes envisaged in this Agreement, including the ITE (Technical Building Inspection). The LESSEE undertakes to
contract the maintenance of the fire-fighting installations. 
 8.2. The LESSEE will be entirely responsible for any sanction, fine or
claim of any type and in any jurisdictional order derived from the non-fulfilment, delay or omission of the obligations taken on in this Agreement, including those that may be carried out or brought against the LESSOR as the main, joint and several
or subsidiary responsible party, and will keep the latter free of any damages caused through the aforementioned omission until the end of this Agreement. 
 In any case, if the LESSOR has chosen to keep the existing Building in the Property on expiration of this Agreement and has thus informed the LESSEE as provided for in this Agreement, the LESSEE must
deliver the building with the Major Work and/or the Required Work totally completed. Should the LESSEE fail to observe this obligation, the LESSOR will be entitled to execute any of the guarantees provided for in this Agreement for the amount
budgeted in the aforementioned Major Work and/or the Required Work. 
 8.3. To the extent that the LESSEE is responsible for the
implementation of the Major Work and/or the Required Work on the Property, in no case will the non-execution of the Required Work, or the loss of licences or authorisations for the activity or the sealing or closure of the installations or the
premises due to the lack of implementation of the Required Work constitute grounds for the discharge of this Agreement. 
 Ninth.-
Licences and Authorisations 
 9.1. The LESSEE will be responsible, throughout the term of this Agreement, for all the formalities
for obtaining all the authorisations, permits and licences needed before all the organisations involved, be they municipal, regional, state or those required by the European Union, as well as private organisations, to carry out all kinds of work,
including the work prior to the beginning of the activity, those pertaining to connections between boundaries or passageways between buildings as stated in this Agreement, or which arise as a consequence of the use or occupation of the Property and
the building in it, and the fees of the professionals that have to be contracted, and all types of costs and taxes derived from the work, as well as all authorisations, permits and licences needed to open the building and for the beginning and
development of the activity which the LESSEE aims to carry out on the Property. The LESSEE will be exclusively responsible for obtaining all the permits, authorisations and licences, expressly releasing the LESSOR from any responsibility for
obtaining them. 
 9.2. In no case will the failure to obtain the necessary permits, authorisations and licences of any kind from the
relevant organisations to perform all kinds of work, including work prior to the beginning of the activity, those pertaining to the connection or passageway between the buildings stated in this agreement and any licences that may be required to
carry out the core or subleased activity or activities the LESSEE intends to carry out in the building in accordance with the provisions of this agreement constitute grounds for the discharge of this agreement. 

9.3. If the application for the licence has to be made by the Owner of the Property, the LESSOR authorises the LESSEE to act as the Owner’s
agent and representative for the application and management of the corresponding licence with the competent authorities, provided that the Major Work project requiring the licence fulfils all the requirements stipulated in this Agreement and this
has been substantiated to the LESSOR. 
 The LESSEE will be directly and exclusively responsible for any administrative penalty or claim brought
against the LESSOR or the Ownership of the Property as a consequence of or with regard to any licence that the LESSEE requires in accordance with the provisions of this clause, regardless of the cause thereof, without prejudice to any other
indemnity for damages established by this Agreement. 

 Tenth.- Supply, Services, Expenses, Rates and Taxes 

10.1. Expenses for utilities and services 

The LESSEE will have total freedom to contract utilities and services with the companies it deems fitting, on its own account and at its own expense.

 The consumption of electricity, telephone, fibre optic, hot and cold water, etc. corresponding to the leased Property and the building in it
and in general any utility or other private expenses derived from the use of the latter and their installations and services contracted by the LESSEE, or the maintenance thereof, will be paid by it to the utility companies, with which it should
contract these utilities directly. 
 Any adaptations in the installations to the applicable regulations during the term of this Agreement will
be paid for in their entirety by the LESSEE. 
 The LESSOR accepts no responsibility whatsoever for interruptions or cuts in services such as
lighting, fibre optic, hot and cold water, telephone, gas, heating or any others, and the LESSEE agrees to make no claims for such eventualities. Neither will the LESSOR be obliged to apply rent reductions or any other penalties for the
interruptions referred to. 
 10.2. Taxes 
 10.2.1. The LESSEE will also be responsible for paying all taxes, rates and expenses, be they municipal, regional, state or required by the European Union levied on the property and/or on the
activity, as well as any other rate or tax which in the future and throughout the term of this Agreement may be levied on the property or on the activity carried on by the LESSEE, barring the Impuesto de Bienes Inmuebles [Property Tax] (IBI) and the
Technical Building Inspection (ITE), to be paid by the LESSOR. 
 10.2.2. The LESSEE undertakes to maintain and renew the Permanent
Garage Entrance (Keep Clear sign) in its current condition and with all the dimensions cited in the They State I section, as well as its sign and the payment of the corresponding rates or fees until the end of this agreement. The receipt of payment
of the Permanent Garage Entrance (Keep Clear sign) corresponding to the latest annual payment is attached as Annex 3. 
 10.2.3. All
expenses, taxes or rates referred to in this clause will be paid directly by the LESSEE, who will deal with the relevant formalities and will deliver to the LESSOR, within a term of ten days, the receipts substantiating payment of these taxes and
rates. 

 Should the LESSEE fail to pay any of the expenses, taxes or rates agreed to herein, and the LESSOR paid
them, the LESSEE will pay the LESSOR the amounts of these taxes or rates, as well as interests, surcharges, costs or penalties the LESSOR may have had to pay within a maximum term of ten days as of presentation thereof to the LESSEE. Failure to
settle the payment will generate the interests established in this Agreement until it has been fully paid. 
 If on the other hand, the LESSOR
who failed to pay the IBI or the ITE and the LESSEE were legally obliged to attend to make these payments in lieu of the LESSOR or on being required to do so by the competent authority, the LESSOR may subtract the amounts of these taxes which the
LESSEE had to pay from the rent the latter is obliged to pay according to the provisions of this Agreement. 
 Failure by the LESSEE to pay
these amounts will be regarded as a basic non-fulfilment and grounds for terminating this Agreement. 
 Eleventh.- Responsibilities and
Insurance 
 11.1. Responsibilities 
 The LESSEE is directly and exclusively responsible for any damages caused to it or to third parties, people or things as a direct or indirect consequence of the business installed or of the complementary
uses carried out on the Property, releasing the owner from all types of responsibility, including damages derived from installations for services or utilities, as well as damages that may be caused to the different departments of the building and
caused through omission, negligence and improper use by the occupants of the building or any other reason, all the foregoing without prejudice to any other legal responsibilities established for this purpose. 

11.2. Insurance 
 11.2.1. The
LESSEE undertakes, at its own cost, from the beginning of possession of the Property by the LESSEE and throughout the term of this Agreement, to have contracted the insurance policy in the terms and conditions established by the applicable
legislation at all times, and with sufficient coverage for the building and risks derived from flooding, fire or any other cause of force majeure, as well as to cover public liability for damages caused to third parties inside the property or
outside it by projecting elements and off-levels, and will contract the following insurances: 
 Public liability, both for the activity carried
on and the possession of the real property, for an insured sum of 5,000,000 Euros (FIVE MILLION EURO) per claim and annual period, with the LESSOR being the third party. 
 Guarantee of Replacement Insurance in the event of accident, for the appraised value of the Real Property built the LESSEE, of which the LESSOR will be the sole and exclusive beneficiary. The LESSEE must
have this insurance contracted when it has the certificate of completion of the adaptation work agreed to herein, and must provide the LESSOR with copy of the policy and the corresponding receipt of payment within a maximum of one week as of the
aforementioned completion of work. 
 11.3. The appraisal value of the Guarantee of Replacement Insurance stated in the preceding clause
will be delivered by the LESSEE, together with copy of the Final Certificate of Work signed by the Architect and Quantity Surveyor as provided for in this Agreement. 
 11.4. The insurance policies indicated herein will be contracted by the LESSEE with a reputable insurance company and with the conditions, limits and usual exclusions in this type of insurance.

 11.5. The LESSEE undertakes to deliver to the LESSOR, every year, a copy of the insurance policy that covers the risks stated and the
receipts of payment of the annual premiums beginning with the effective date of this Agreement and throughout its term. 

 11.6. Without prejudice to the preceding insurance policies, and besides all the insurances that may
be legally required, and in accordance with the terms of this Agreement, the LESSEE must have entered into or prove that it has entered into the following insurance policies: 
 Insurance on the building and 10-year liability (insurance) against major structural faults for a value equivalent to that of the real property that is to be built. 

Public Liability Insurance that guarantees public liability resulting from the execution of the Work and/or demolition it carries out for an insured sum
of 5,000,000 Euros (FIVE MILLION EUROS) per claim, with the LESSOR being the third party. 
 The LESSEE accepts full responsibility for the
existence of the aforementioned insurance, even if it is not the LESSEE that subscribes it directly, and accepts responsibility for any damage, claim, sanction or demand that may be brought as a consequence of or due to the lack of insurance,
keeping the LESSOR free from any damage caused to it by the aforementioned omission. 
 11.7. The capitals and claim limits of the above
insurance will increase as follows: 
 According to the increase in the CPI for the twelve months immediately preceding the date of each annual
maturity date in the case of the public liability insurance. 
 In accordance with the increase in by the CPI for buildings and other
constructions in the twelve months immediately preceding each annual maturity date in the case of the Guarantee of Replacement Insurance. 

Twelfth.- Visits and inspections of the Property 
 12. The LESSOR will be entitled to appoint people to carry out, in its name, any inspections and visits to the work site and the Property and its buildings that may be necessary throughout the term
of this Agreement, provided that the LESSOR acts in accordance with the Safety Standards the LESSEE has in place at that time and with a minimum notice of one (1) working day. If the inspection is to be performed outside public opening hours,
the LESSOR must give at least two (2) working days notice. 
 Thirteenth.- Hazardous goods and materials 

13.1. If in the usual performance of its activities and in the rendering of its services the LESSEE had to store or handle any substance or
material usually or legally acknowledged as hazardous, harmful or pollutant material, the LESSEE is authorised to do so provided that it complies with the following conditions: 
 It has all the legal licences and authorisation required by the corresponding authorities. 
 It
has taken the legally required precautions and safety measures or those which, even if they are not legally required, are commonly recognised as suitable or necessary. 
 It informs the LESSOR. 
 It contracts, on its own account and at its own expense, fully
comprehensive insurance that specifically cover the risks for public liability and damage to the leased building through the possession, storage or handling of these substances. 
 The LESSEE undertakes to inform both of the existence of usually or legally approved substances or materials, such as hazardous, harmful or pollutant material, as well as its compliance with the
conditions stated in this clause, providing the LESSOR with the documentation that substantiates it. 
 13.2. THE LESSEE expressly
releases the LESSOR from any responsibility derived from the possession, storage or handling of these substances, with the LESSEE also being responsible for all expenses and handling incurred through the measures it has to take with regard to the
possession, storage or management of such substances, as well as any rates or taxes levied on the aforementioned possession, storage or handling, any fines or penalties imposed by the authorities due to non-fulfilment of the regulations or
requirements derived from the aforementioned possession, storage or management or the withdrawal or management of the refuse such materials produce until the end of the term of this Agreement. 

 Fourteenth.- Posters and Signs 
 14.1. The LESSOR authorises the LESSEE to install, at any time, both inside and on the facade of the building, any advertising posters or signs with its trade name and other signs pertaining to its
business that it wishes, provided that it is compatible with the safety of the building, with the applicable legislation and that it has all the necessary permits and authorisations to do so. 
 The LESSEE will be exclusively responsible for obtaining all the permits, authorisations and licences, expressly releasing the LESSOR from any responsibility for obtaining them. 

In any case, authorisation for the installation of signs on the outside facade will be conditioned to the LESSEE presenting to the LESSOR, before the
installation of the posters or signs, a technical implementation project, with the LESSOR reserving the right to make any necessary modifications according to objective reasons related to the building’s architectural composition. 

14.2. The LESSEE will pay all the expenses, fees and taxes required for the preparation of the technical project and for obtaining the
corresponding permits, authorisations and licences, as well as all the expenses involved in insurance coverage, installation, maintenance and removal of posters and signs. 
 Fifteenth.- Sublease and Assignment 
 15.1. The LESSEE may not assign this
agreement without the LESSOR’s consent/authorisation. Notwithstanding the foregoing, the LESSEE is solely and exclusively empowered to partially sublet the property for uses complementary to its core activity provided that any such use does not
involve a greater percentage than that of the core activity and the clients to whom these services are rendered are also clients of the LESSEE’s core activity. 
 The LESSEE may also sublet for uses other than those indicated above and alien to the LESSEE’s the activity or corporate purpose, having secured the LESSOR’s written authorisation. Sublease in
these cases will entail an increase in the rent provided for in article 32.2 of the LAU, in proportion to the space subleased by the LESSEE. 

The term of the indicated subleases will be linked to that of this Agreement, hence once this Leasing Agreement has expired, the subleases will
automatically expire with it. 
 The SUBTENANTS will take on the same obligations and duties as the LESSEE with regard to the provisions of this
Agreement. 
 The LESSEE will be jointly and severally responsible for any damage caused by the SUBTENANTS, as well as any breaches by the
SUBTENANTS of the obligations established for the LESSEE in this Agreement, with all the consequences that this may entail, including eviction and discharge of the Agreement. 

 15.2. For these purposes, the LESSEE will deliver to the LESSOR, on a quarterly basis, a list of the
subleasing Contracts with third parties on the leased Property, only those which require the LESSOR’s authorisation, indicating the beneficiary of the subleasing, subleased surface, the amount of the sublease and the beginning and end dates of
the subleasing. The LESSEE undertakes to show the LESSOR, on request, the Agreements included in the lists. 
 15.3. The LESSOR may
assign its rights pursuant to this Agreement to another legal or natural person, and must inform the party to whom or to which it is going to sell the Property of the existence of this Agreement. The parties hereby expressly agree that should the
LESSOR decide to avail itself of this right, the condition of LESSOR would be taken over by the aforementioned assignee, and all the parties hereto reciprocally and expressly undertake, in such an eventuality, to replace this Agreement with another
one with the same contents, entered into by the aforementioned assignee, maintaining the commitment and the obligations taken on in this Agreement, with none of the parties being entitled to oppose the assignment. 

Sixteenth.- Waiver of the rights of redemption and pre-emption and other rights of the LESSEE 

16.1. In fulfilment of the provisions of section 4 of Law 29/1994, of November 24, on Urban Leasings, the parties expressly agree to exclude
the application of the provisions of article 25 of the aforementioned current Ley de Arrendamientos Urbanos [Law of Urban Leasings] to this Leasing Agreement, with the LESSEE waiving the rights of redemption and pre-emption established in the
aforementioned article. 
 16.2. The parties also expressly agree to exclude the application of the provisions of article 34 of the
aforementioned Law to this Leasing Agreement, with the LESSEE waiving the right to the indemnification payable by the LESSOR as established in the aforementioned article. 
 16.3 Similarly, the LESSEE expressly waives the suspension, discharge and resolution of the Agreement and the reduction in the rent provided for in articles 21, 22 and 26 of the applicable Ley de
Arrendamientos Urbanos [Law of Urban Leasings]. 
 Seventeenth.- Eviction and Discharge 

17.1. Each Party will be entitled to discharge this Agreement in accordance with the provisions of article 1124 of the Civil Code if the other
Party fails to fulfil any of its contractual obligations, as well as those provided for in articles 35 and 27.2 of the Ley de Arrendamientos Urbanos, and fails to remedy the aforementioned breach within a maximum term of SIXTY days (60) as of
the relevant notification made by the creditor unless a different term is established in the corresponding clause. Notification expenses will be met by the breaching party. 
 The term of remedy established excludes non-fulfilment in the delivery of the banker’s guarantees or extensions thereof established in this Agreement by way of guarantee of the obligations taken on
by the LESSEE, hence the non-delivery thereof within the term agreed to will entail non-fulfilment, constituting grounds for immediate discharge, as well as for the initiation of eviction proceedings for non-payment of rent, which will be regulated
as specifically provided for to this end, with all the effects established in this Agreement. 
 17.2. Failure by the LESSEE to pay the
corresponding leasing amount, including expenses and other amounts that fall to it in accordance with the provisions of this Agreement, will be sufficient grounds for the LESSOR to bring eviction proceedings and to enforce the corresponding
procedure for the discharge of this Leasing Contract. Nevertheless, the LESSEE may, one time only, in each one of the years of the term of the Agreement, remedy non-payment of the rent within a maximum term of sixty days (60) as of notice given
by the LESSOR, delivered in a reliable way. 

 17.3. If the LESSOR is obliged to bring eviction proceedings should the other Party fail to honour
any of its contractual obligations, the LESSEE will pay for all kinds of expenses, interests, including all court costs caused to the LESSOR and the fees of lawyers and solicitors according to the applicable rates of the official colleges that may
be hired by the latter, provided that the action and services were mandatory. To this end, eviction will be regarded as equal to abandonment of the Agreement by the LESSEE, with all the effects provided for in this Agreement. 

17.4. In the event of discharge of this Agreement, and by way of guarantee of the amounts owing by the LESSEE, the LESSOR may withhold the
contents inside the leased Property (furniture and fittings, equipment and computing systems, goods, etc.) that do not constitute installations to which the LESSOR has the right to demand total or partial removal of the LESSEE. 

Eighteenth.- Deposit, Banker’s guarantees and joint and several guarantee of INTERXION HOLDING NV 

18.1. Deposit 
 The LESSEE delivers to the
LESSOR, by way of deposit, in order to guarantee the obligations taken on pursuant to this Agreement, i.e., * * *, by means of a promissory note from the CaixaBank bank, with no. 6.075.721-6 8201-4. The LESSOR receives the aforementioned cheque
subject to it being credited to the account, granting, in this act, the firmest and most efficient letter of payment for the aforementioned amount. 
 The existence of this deposit will never be used as a pretext to delay payment of the rent and nor may it be allocated to the payment of rent, not even the last monthly rental payment according to the
Agreement. 
 The amount of the deposit will be updated every five years according to the amount which at the aforementioned time is to be paid
to the LESSEE as rent for the following monthly payments. 
 The amount of the deposit will be returned to the LESSEE provided that it has
fulfilled all the clauses of this Agreement. Otherwise it will be retained by the LESSOR, without prejudice to the LESSEE being entitled to any indemnity for damages that may be applicable according to the provisions of this Agreement and/or the
Law. 
 18.2. Banker’s Guarantee 
 18.2.1. In order to answer for payment of the contractual obligations, rent and other expenses and taxes as of the beginning of this Leasing Agreement and throughout its term, the LESSEE undertakes
to deliver to the LESSOR, on signature of this agreement, * * *, from a reputable Banking Organisation, executable on first presentation, and with a term until the termination of the Agreement, thus guaranteeing its contractual obligations until the
termination of the Agreement. All the expenses incurred in the granting of the aforementioned Banker’s Guarantee will be met by the LESSEE. 
 18.2.2. Banker’s Guarantee during the demolition and execution of new building work 

Complementary to and in addition to the * * * stated in this Agreement, and in order to further guarantee the obligations derived from the demolition and
construction of a new building that the LESSEE may undertake in accordance with this Agreement, the LESSEE undertakes to deliver to the LESSOR, two weeks before the beginning of the demolition work on the building on the Property, * * *, from a
reputable Banking Organisation, and for the term of two years or until the delivery to the LESSOR of the certificates of end-of-work and first occupation, guaranteeing its contractual obligations until the aforementioned date, with this guarantee
being executable on presentation to the bank. 
 All the expenses involved in the granting of the aforementioned Banker’s Guarantee will be
met by the LESSEE. 

 18.2.3. Extension of the Banker’s Guarantee in the event of changes in the LESSEE company

 If during the term of this agreement there were a change in the shareholding of the LESSEE leading to the loss of control of the current
lessee company’s shareholders, or the merger, transformation, demerger sale or transfer of the lessee company, INTERXION ESPAÑA, S.A.U., or if in general there were legal or economic events which, without involving the disappearance of
the lessee company, involved the modification of its partners or activity (unless these events occur between companies within the INTERXION HOLDING NV group) or affect the LESSEE’s economic solvency, the LESSEE undertakes to deliver * * * as
well as, if the work had not been completed, * * * until the final certification of the work scheduled in this Agreement, from a top-level Banking Organisation, executable on first presentation, and with a term until the termination of the
Agreement, guaranteeing its contractual obligations until the termination of the Agreement. 
 Notwithstanding the foregoing, and without
prejudice to the maintenance and requirement of the other guarantees established in this Agreement, the delivery of the security regulated in this section will not be necessary when the new shareholders of the company have the same as or greater
solvency than INTERXION HOLDING NV as current sole shareholder of INTERXION ESPAÑA, S.A.U. 
 18.2.4. Expenses involved in the
granting of Bankers’ Guarantees 
 All the expenses involved in the granting of the different Bankers’ Guarantees and their
renewals agreed to in this clause will be met by the LESSEE. 
 18.2.5. Consequences inherent in the failure to secure or renew the
guarantees 
 Failure by the LESSEE to obtain the guarantees stated in this Agreement or in any of their extensions for delivery to the
LESSOR, or if they were delivered to the latter outside the established delivery term, will constitute an essential non-fulfilment of this Agreement by the LESSEE, and will empower the LESSOR to terminate this leasing Agreement, with all the
consequences, conditions, compensation and amounts established in this Agreement for the case of non-fulfilment. 
 Delay in the delivery of the
guarantees agreed to herein or any of their corresponding renewals will entitle the LESSOR to receive an indemnity of a daily amount equivalent to 0.5% of the amount for which guarantee should have been subscribed or renewed per day of delay in
delivery to the LESSOR for the first 30 days, and which will be 1% from day 31 until the delivery date of the corresponding guarantee, besides all other expenses arising as a consequence of the delay in the delivery and without prejudice to the
LESSOR being entitled to initiate eviction procedures as of day 61 counted as of the first day of non-fulfilment of the obligation to deliver the guarantees or renewals thereof, with all the effects provided for in this Agreement. 

18.3. Responsibility of the Joint and Several Guarantor INTERXION HOLDING NV 
 INTERXION HOLDING NV, with registered offices in Tupolevlaan 24 - 1119 NX Schiphol-Rijk - Holland, a company duly incorporated in accordance with Dutch Law, and registered in the Chamber of Commerce of
Amsterdam, Holland, endorses and guarantees, jointly and severally, and to the maximum extent permitted by law, all the obligations taken on by INTERXION ESPAÑA NV in this Agreement, particularly those of an economic nature, and any of the
other clauses contained in this agreement, until its termination. 
 The LESSEE will meet all the expenses involved in this Joint and Several
Guarantor responsibility. 

 Nineteenth.- Conversion of the Agreement into a Public Document in the Land Registry

 This Agreement may be converted into a public document by the Notary Public appointed by the LESSEE, with the LESSEE paying all fees,
charges, costs and taxes involved in converting the Agreement into a public document and its registration in the Land Registry, delivering an authorised copy of this conversion to the LESSOR, at no cost for the latter. 

The LESSEE releases the LESSOR from any responsibility regarding the payment of all fees, charges, rates, taxes, expenses and the Transfer Tax and Stamp
Duty, with the LESSEE undertaking to pay them within the maximum term of five days following notice by the LESSOR if for any reason the LESSOR were required to pay these amounts by the competent administration. 

Twentieth.- Summons and notifications 
 The parties state and mutually acknowledge, as their respective addresses for any summons or notification that may be necessary with regard to the provisions of this Agreement, the addresses given in this
document or any other the parties may provide by a reliable form of notice. 
 The parties undertake to notify any changes in their registered
offices within a maximum term of fifteen calendar days as of the date they occur. 
 Twenty-first.- Courts 

All the parties, expressly waiving their right to any other jurisdiction, expressly submit to the Court and Tribunals of the city of Madrid for any
controversies that may arise between them in the construction, execution and performance of this Agreement. 
 Twenty-second.- Legal
Regulation 
 This Agreement will be governed by the will of the parties, and, for any eventualities not provided for herein, by the Ley
de Arrendamientos Urbanos [Law of Urban Leasings], the Civil Code, and is subject, in all its aspects, to the regulations of the Spanish Legal System. 
 For the record, and for it to take effect, and in proof of their agreement with all the foregoing, the parties sign two original copies of this Agreement in the place and on the date indicated in the
heading. 
 Signature 
 Mr Robert J.M.
Assink 
 INTERXION ESPAÑA, S.A.U. 
 For the LESSEE 
 Signature 
 Mr Robert J.M. Assink 
 INTERXION HOLDING, N.V. 

For the JOINT AND SEVERAL GUARANTOR 
 Signature

 Mr. Mohan B. Chainani 

CHAINCO INVESTMENTS COMPANY, S.L. 
 For the
LESSOR

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