Document:

EX-10.71

 Exhibit 10.71 

REVENUE ADJUSTMENT AGREEMENT 

BY AND BETWEEN 

INTERMUNE PHARMACEUTICALS, INC. 

AND 
 CONNETICS
CORPORATION 
 JUNE 27, 2000 

 REVENUE ADJUSTMENT AGREEMENT 

THIS REVENUE ADJUSTMENT AGREEMENT (the
“Agreement”) is made effective and entered into as of June 27, 2000 (the “Effective Date”) by and between CONNETICS CORPORATION, a Delaware corporation, with its principal
place of business at 3400 West Bayshore Road, Palo Alto, CA 94303 (“Connetics”), and INTERMUNE PHARMACEUTICALS, INC., a Delaware corporation, with its
principal place of business at 1710 Gilbreth Road, Suite 301, Burlingame, CA 94010 (“InterMune”). Connetics and InterMune may be referred to herein as a “Party” or collectively as the “Parties.” 

RECITALS 
 A.
WHEREAS, the Parties have entered into that certain Collaboration Agreement, dated as of April 27, 1999 (the “Collaboration Agreement”), by which, among other provisions, InterMune became obligated
to pay to Connetics: (i) a $500,000 milestone payment on or before March 31, 2001; and (ii) a $1.5 million milestone payment on or before March 31, 2002; 

B. WHEREAS, The Parties have entered into that certain Assignment and Option Agreement, dated as of June 23, 2000
(the “Assignment Agreement”), pursuant to which, among other provisions: (i) Connetics assigned to InterMune Connetics’ entire right, title and interest in, to and under that certain License Agreement for Interferon Gamma by and
between Connetics and Genentech, Inc. (“Genentech”) dated May 5, 1998, as amended (the “Genentech License”) and (ii) InterMune affirmed its obligation to pay to Connetics the $1.5 million milestone payment pursuant to
the Collaboration Agreement; 
 C. WHEREAS, the Parties have entered into that certain Transition Agreement, dated as
of April 27, 1999 (the “Transition Agreement”), by which, among other provisions, the parties have set forth certain rights and obligations with respect to the revenue from the sales of Actimmune®; and 
 D. WHEREAS, by this Amendment, the Parties now desire to
delete Section 5.2 of the Assignment Agreement and terminate the Collaboration Agreement and Transition Agreement (each generically, an “Original Agreement,” and collectively, the “Original Agreements”) as set forth herein
in order to adjust the Parties’ rights and obligations with respect to the revenue from the sales of Actimmune. 

NOW, THEREFORE, in consideration of the foregoing recitals and mutual promises hereinafter
set forth, the Parties agree as follows: 
  

	1.	DEFINITIONS. 

 1.1 Actimmune. “Actimmune” means the
filled and finished form of the protein encoded by the interferon gamma-1b gene, and sold and distributed under the trademark. ACTIMMUNE®, which is owned by Genentech and licensed to Connetics
and its sublicenses under the Genentech License. 
 1.2 Actimmune Gross Margin. “Actimmune Gross Margin” means
Actimmune Net Sales less all applicable Product Cost of Actimmune Units sold, GNE Royalties, third party 

 
royalties payable pursuant to Section 8.4 of the Genentech License and CORD Distribution Costs. 

1.3 Actimmune Gross Sales. “Actimmune Gross Sales” means all revenue recorded in connection with shipments of Actimmune Units
multiplied by the price per Actimmune Unit, including revenue with associated accounts receivable for accounting purposes for specific shipment/invoicing transactions with respect to Actimmune Units, and assumes that invoices are prepared
immediately following notification of shipment of goods, and are dated the same day of shipment. 
 1.4 Actimmune Net Sales.
“Actimmune Net Sales” means Actimmune Gross Sales less adjustments for the following: product returns, Medicare and Medicaid reimbursements, chargebacks, rebates, state payments, other contractual reimbursement, and cash discounts.

 1.5 Actimmune Units. “Actimmune Units” means vials of
ACTIMMUNE® that are sold as commercial product by InterMune in an arm’s length transaction. 

1.6 CORD Distribution Costs. “CORD Distribution Costs” means the actual payment by InterMune to CORD Logistics, Inc., for
distribution services for sales of Actimmune. 
 1.7 GNE Royalties. “GNE Royalties” means the amount of royalties
payable to Genentech, Inc. pursuant to section 8.3 of the Genentech License for Actimmune Net Sales. 
 1.8 Product Management
Costs. “Product Management Costs” means InterMune’s actual costs to manage sales of Actimmune Units, including all expenses and services related to sales of such Actimmune Units, such as maintenance of safety databases, etc.,
tracked on a regular basis and properly accounted for. 
  

	2.	AMENDMENT OF ASSIGNMENT AGREEMENT. 

Section 5.2 of the Assignment Agreement is deleted in its entirety. Section 5.1 of the Assignment Agreement is unaffected by this
Agreement. 
  

	3.	TERMINATION OF COLLABORATION AGREEMENT. 

The Collaboration Agreement is terminated in its entirety. 
  

	4.	TERMINATION OF TRANSITION AGREEMENT. 

The Transition Agreement is terminated in its entirety. 
  

	5.	INTERMUNE PAYMENTS TO CONNETICS. 

5.1 June 30, 2000. On June 30, 2000, InterMune shall be obligated to pay and shall pay $5,218,172 to Connetics; provided
however, InterMune shall be credited $484,305 toward this payment. 

  
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 5.2 March 31, 2001. On March 31, 2001, InterMune shall pay $942,478
to Connetics. 
  

	6.	REVENUE RECOGNITION. 

 For the fiscal quarter beginning
April 1 and ending June 30, 2000, and without regard to the Effective Date of this Agreement, InterMune shall be entitled to book and recognize Actimmune Net Sales for sales of all Actimmune Units and the Actimmune Gross Margin. Effective
July 1, 2000, InterMune shall be entitled to book and recognize all revenues, sales, margins, etc. from the sales of Actimmune. 
  

	7.	OBLIGATIONS TO THIRD PARTIES AND INDEMNIFICATION OF CONNETICS. 

InterMune hereby affirms its obligations pursuant to Section 2.5 of the Transition Agreement and Section 5.4 of the Assignment
Agreement to remit to Genentech any accounts payable on Actimmune Net Sales for third-party royalties and for GNE Royalties, all as required by the Genentech License. InterMune affirms its covenant and agreement to remit the full amount of such
royalties directly to Genentech or the applicable third party, and shall indemnify Connetics against any action by Genentech or such third party to collect royalties for Actimmune Unit Sales made after April 27, 1999. 

 

	8.	CONFIDENTIALITY. 

 8.1 Confidential Information Obligations. As
used herein, “Confidential Information” means all information that a Party discloses to the other Party under this Agreement or had disclosed to the other Party under the Original Agreement, provided that Confidential Information shall not
include such information excluded under Section 8.2. Except to the extent expressly authorized by this Agreement or otherwise agreed in writing by the Parties, each Party agrees that, during the term of this Agreement and for five
(5) years after the expiration or termination of this Agreement, it shall keep confidential and shall not publish or otherwise disclose and shall not use for any purpose other than as provided for in this Agreement any Confidential Information
furnished to it by the other Party pursuant to this Agreement, the Collaboration Agreement and/or the Transition Agreement. 
 8.2
Exceptions. The obligations set forth in Section 8.1 shall not apply to any Information that the receiving Party can demonstrate by competent evidence: 

(a) was already known to the receiving Party, other than under an obligation of confidentiality, at the time of disclosure by the other
Party; 
 (b) was generally available to the public or otherwise part of the public domain at the time of its disclosure to the
receiving Party by the other Party; 
 (c) became generally available to the public or otherwise part of the public domain after its
disclosure and other than through any act or omission of the receiving Party in breach of this Agreement; 

  
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 (d) was disclosed to the receiving Party, other than under an obligation of
confidentiality to a third party, by a third party who had no obligation to the disclosing Party not to disclose such information to others; or 

(e) is independently developed by the receiving Party without using any of the other Party’s Confidential Information. 

8.3 Terms of the Agreement. The Parties agree that the terms of this Agreement will be considered Confidential Information of both
Parties. Notwithstanding the foregoing, a Party shall have the right to disclose the material financial terms of the Agreement to any bona fide potential investor, investment banker, acquirer, merger partner or other potential financial partner,
subject to such Party obtaining the agreement of such party receiving such Confidential Information to keep such information confidential. 

8.4 Permitted Disclosure. Notwithstanding the limitations in this Section 8, each Party may disclose Confidential Information
belonging to the other Party (or otherwise subject to this Section 8), to the extent such disclosure is reasonably necessary in the following instances, but solely for the limited purpose of such necessity: 

(a) filing or prosecuting patents; 

(b) regulatory and tax filings; 

(c) prosecuting or defending litigation; 

(d) complying with applicable governmental laws or regulations or valid court orders; and 

(e) disclosure to a party’s affiliates, licensees, sublicensees, employees, consultants or agents who agree to be bound by similar
terms of confidentiality and non-use at least equivalent in scope to those set forth in this Article 8. 
 Notwithstanding the foregoing, in
the event a Party is required to make a disclosure of the other Party’s Confidential Information pursuant to this Section 8.4, it will give reasonable advance notice to the other Party of such disclosure and endeavor in good faith to
secure confidential treatment of such information. In any event, the Parties agree to take all reasonable action to avoid disclosure of Confidential Information hereunder. Further, the Parties agree to consult with one another on the provisions of
this Agreement to be redacted in any filings made by a Party with the United States Securities and Exchange Commission or as otherwise required by law. 
  

	9.	TERMINATION. 

 9.1 Term of Agreement. The term of this Agreement
shall expire upon InterMune’s payment of the full amounts to Connetics pursuant to Sections 5.1 and 5.2. 
 9.2 Termination
for Material Breach. If either Party shall default in a material manner with respect to any material provision of this Agreement and the other Party shall have 

  
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given the defaulting Party written notice of such default, the defaulting Party shall have thirty (30) days to cure such default. If such default is not cured within such thirty
(30) day period, the non-defaulting Party shall have the right, upon notice to the defaulting Party and without prejudice to any other rights the non-defaulting Party may have, to terminate this Agreement unless the defaulting Party is in the
process of attempting in good faith to remedy such default, in which case, the thirty (30) day cure period shall be extended by an additional thirty (30) days. 

9.3 Surviving Rights. The obligations and rights of the Parties under Sections 7, 8, 9, 10.3, 10.6, 10.7, and 10.11 shall survive any
termination or expiration of the Agreement. 
 9.4 Accrued Rights and Surviving Obligations. The termination or expiration of
the Agreement for any reason shall be without prejudice to any rights which shall have accrued to the benefit of either Party prior to such termination or expiration, including any damages arising from any breach hereunder. Such termination or
expiration shall not relieve either Party from obligations, which are expressly indicated to survive termination or expiration of the Agreement. 

9.5 Bankruptcy Rights. In the event that this Agreement is terminated or rejected by a Party or its receiver or trustee under
applicable bankruptcy laws due to such Party’s bankruptcy, then all rights and licenses granted under or pursuant to this Agreement by such Party to the other Party are, and shall otherwise be deemed to be, for purposes of Section 365(n)
of the Bankruptcy Code and any similar law or regulation in any other country, licenses of rights to “intellectual property” as defined under Section 101(52) of the Bankruptcy Code. 

 

	10.	MISCELLANEOUS. 

 10.1 Waiver. No waiver by either Party hereto of
any breach or default of any of the covenants or agreements herein set forth shall be deemed a waiver as to any subsequent or similar breach or default. 

10.2 Assignment. This Agreement shall be binding upon and inure to the benefit of the Parties hereto and their permitted successors and
assigns; provided, however, that InterMune may not assign any of its rights and obligations hereunder without the prior written consent of Connetics, except as incident to the merger, consolidation, reorganization or acquisition of stock or assets
affecting substantially all of the assets or actual voting control of InterMune. Any assignment or attempted assignment by InterMune in violation of the terms of this Section 10.2 shall be null and void and of no legal effect. 

10.3 Notices. Any notice or other communication required or permitted to be given to either Party hereto shall be in writing and shall
be deemed to have been properly given and to be effective on the date of delivery if delivered in person or by facsimile or five (5) days after mailing by registered or certified mail, postage paid, to the other Party at the following
address: 
  

			
	In the case of InterMune:		 InterMune Pharmaceuticals, Inc.
 1710 Gilbreth
Road,
 Suite 301
 Burlingame, CA 94010

Fax: (650) 259-0774

  
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			Attention: General Counsel
		
	with a copy to:		 Cooley Godward LLP 
 Five Palo
Alto Square
 3000 El Camino Real
 Palo Alto, CA 94306

Fax: (650) 849-7400
 Attention: Barclay Kamb

		
	In the case of Connetics:		 Connetics Corporation
 3400 West Bayshore
Road
 Palo Alto, CA 94303
 Fax: (650) 843-2899

Attention: General Counsel

 Either Party may change its address for communications by a notice to the other Party in accordance with this Section. 

10.4 Headings. The headings of the several sections are inserted for convenience of reference only and are not intended to be a part of
or to affect the meaning or interpretation of this Agreement. 
 10.5 Amendment. No amendment or modification hereof shall be
valid or binding upon the Parties unless made in writing and signed by both Parties. 
 10.6 Governing Law. This Agreement
shall be governed exclusively by the laws of the State of California as such law applies to contracts entered into between and to be performed by California residents entirely in the State of California. 

10.7 Dispute Resolution. 

(a) In the event of any controversy or claim arising out of, relating to or in connection with any provision of this Agreement, or the
rights or obligations of the Parties hereunder, the Parties shall try to settle their differences amicably between themselves by referring the disputed matter to the President of InterMune and the Chief Executive Officer of Connetics for discussion
and resolution. Either Party may initiate such informal dispute resolution by sending written notice of the dispute to the other Party, and within ten (10) days after such notice such representatives of the Parties shall meet for attempted
resolution by good faith negotiations. If such personnel are unable to resolve such dispute within thirty (30) days of initiating such negotiations, either Party may seek to have such dispute resolved by binding arbitration under this
Section 10.7. The arbitration shall be held in Palo Alto, California according to the Commercial Arbitration Rules of the American Arbitration Association (the “Rules”). The arbitration will be conducted by a panel of three
(3) arbitrators who are knowledgeable in the subject matter that is at issue in the dispute, are not affiliated directly or indirectly with either Party, and are selected by mutual agreement of the Parties. Failing such agreement, the
arbitrators shall be selected appointed as provided in the Rules. During the arbitration, the Parties shall have such discovery rights as the arbitrators may allow, consistent with the discovery permitted by the Federal Code of Civil Procedure. In
conducting the 

  
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arbitration, the arbitrators shall apply the rules of evidence applicable in California, and shall be able to decree any and all relief of an equitable nature, including but not limited to such
relief as a temporary restraining order, a preliminary injunction, a permanent injunction, or replevin of property, as well as specific performance. The arbitrators shall also be able to award direct and indirect damages, but shall not award any
other form of damage (e.g., punitive or exemplary damages). The reasonable fees and expenses, of the arbitrators, along with the reasonable legal fees and expenses of the prevailing Party (including all expert witness fees and expenses), the fees
and expenses of a court reporter, and any expenses for a hearing room, shall be paid as follows: If the arbitrators rule in favor of one Party on all disputed issues in the arbitration, the losing Party shall pay one hundred percent (100%) of
such fees and expenses; if the arbitrators rule in favor of one Party on some issues and the other Party on other issues, the arbitrators shall issue with the rulings a written determination as to how such fees and expenses shall be allocated
between the Parties. The arbitrators shall allocate fees and expenses in a way that bears a reasonable relationship to the outcome of the arbitration, with the Party prevailing on more issues, or on issues of greater value or gravity, recovering a
relatively larger share of its legal fees and expenses. The decision of the arbitrators shall be final and may be entered, sued on or enforced by the Party in whose favor it runs in any court of competent jurisdiction at the option of such Party.
Whether a claim, dispute or other matter in question would be barred by the applicable statute of limitations, which statute of limitations also shall apply to any claim or disputes subject to arbitration under this Section, shall be determined by
binding arbitration pursuant to this Section. 
 (b) Notwithstanding anything to the contrary in this Agreement, either Party may
(without resort to arbitration) seek immediate injunctive or other interim relief from any court of competent jurisdiction with respect to any breach of Section 9 hereof, or as necessary to enforce and prevent infringement of the patent rights,
copyright tights, trademarks, trade secrets, or other intellectual property rights owned or controlled by a Party or its Affiliates. 

10.8 Force Majeure. Any delays in performance by any Party under this Agreement shall not be considered a breach of this Agreement if
and to the extent caused by occurrences beyond the reasonable control of the Party affected, including but not limited to acts of God, embargoes, governmental restrictions, fire, flood, explosion, riots, wars, civil disorder, rebellion or sabotage.
The Party suffering such occurrence shall immediately notify the other Party as soon as practicable, and any time for performance hereunder shall be extended by the actual time of delay caused by the occurrence. 

10.9 Severability. If any part of this Agreement is declared invalid by any legally governing authority having jurisdiction over either
Party, then such declaration shall not affect the remainder of the Agreement and the Parties shall revise the invalidated part in a manner that will render such provision valid without impairing the Parties’ original interest. 

10.10 Cumulative Rights. The rights, powers and remedies hereunder shall be in addition to, and not in limitation of, all rights, powers
and remedies provided at law or in equity, or under any other agreement between the Parties. All of such rights, powers and remedies shall be cumulative, and may be exercised successively or cumulatively. 

  
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 10.11 Counterparts. This Agreement may be executed in two or more counterparts, each of
which shall be an original and all of which shall constitute together the same document. 
 10.12 Entire Agreement. This
Agreement embodies the entire understanding of the Parties with respect to the subject matter hereof and supersedes and terminates all previous communications, representations or understandings, either oral or written, between the Parties relating
to the subject matter hereof. 

  
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 IN WITNESS WHEREOF, both
InterMune and Connetics have executed this Agreement, as of the day and year first written above. 
  

									
	INTERMUNE PHARMACEUTICALS, INC.				CONNETICS CORPORATION
					
	By:		/s/ Scott Harkonen				By:		/s/ Thomas G. Wiggans

									
	Print Name:		Scott Harkonen				Print Name:		Thomas G. Wiggans

									
	Title:		Pres. & CEO				Title:		President & CEOEX-10.72

 Exhibit 10.72 

Dated the 16th day of April 2012 

BENTON PROPERTY HOLDING LIMITED (IN RECEIVERSHIP) (1) 

and 
 JIM HAMILTON (2) 

and 
 VIDARA THERAPEUTICS (3)

 LICENCE AGREEMENT 

Re: Unit Nos. 202 and 203 

Second Floor 
 Adelaide
Chambers 
 Peter Street 

Dublin 8 
 Eversheds
O’Donnell Sweeney 
 Solicitors 

One Earlsfort Centre 
 Earlsfort
Terrace 
 Dublin 2 

 THIS AGREEMENT is made
on                         16/04/2012 

BETWEEN: 
  

	(1)	BENTON PROPERTY HOLDING LIMITED (IN RECEIVERSHIP) (company registration number 234144) having its registered office at Adelaide Chambers, Peter Street, Dublin 8 (“the Licensor” which expression shall
include its successors and assigns) of the first part 

  

	(2)	JIM HAMILTON of Beaux Lane House, Mercer Street Lower, Dublin 2 (the “Receiver”) of the second part; and 

  

	(3)	VIDARA THERAPEUTICS of Unit No. 202/203, Second Floor Adelaide Chambers, Peter Street, Dublin 8 (hereinafter called the “Licensee”) of the third part. 

WHEREAS:- 
  

	A.	The Licensor is the owner of the building known as Adelaide Chambers, Peter Street, Dublin 8 (the “Building”). 

  

	B.	Pursuant to the terms of a Mortgage dated 12 December 2003 between the Licensor (1) and Irish Nationwide Building Society (2), the Receiver was appointed on 21 October 2010 to the Building.

  

	C.	The Licensee would like to use the area in the Building known or to be known as Unit Nos. 202 and 203, Second Floor Adelaide Chambers, Peter Street, Dublin 8 (the “Licensed Area”) 

 

	D.	The Licensor acting by the Receiver has agreed strictly subject to the conditions herein contained to licence to the Licensee Area to be used strictly on the terms hereinafter appearing. 

IT IS AGREED by and between the parties hereto as follows:- 
  

	1	INTERPRETATION 

  

	1.1	In this Agreement the following expressions shall have the following meanings:- 

 Definitions

 “Insured Risks” means the risks and perils against which the Licensor acting by the Receiver shall at the time of the damage or
destruction in question have effected insurance subject always to such exclusions terms excesses and limitations as are generally available or as may be imposed by the insurers for the time being and including without limitation if so determined by
the Licensor acting by the Receiver insurance against fire lightning explosion storm tempest flood landslip heave subsidence bursting or overflowing of water tanks apparatus or pipes impact aircraft or other aerial devices or articles dropped or
falling therefrom riots civil commotion malicious damage to underground services employers, public liability, and engineering and contents insurances and such other risks and perils as the Licensor acting by the Receiver shall in its discretion from
time to time consider necessary subject in the case of each and all such risks and perils to the availability of insurance cover against the same at a cost which in the opinion of the Licensor acting by the Receiver is not excessive and to the
extent that and subject to such terms and conditions as insurance cover against each and all such risks and perils is available; 

  
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 “Licence” the licence for the Licensee to enter upon and to use the Licensed Area,
together with the rights as set out in the First Schedule in common with the Licensor and all others authorised by the Licensor; 

“Licence Fee” means the sum of seven thousand and ninety eight Euro (€7,098) per annum; 

“Licence Fee Commencement Date” the date hereof; 

“Licence Period” the period of one (1) year from the date hereof; 

“Permitted Use” means use as offices; 

“Prescribed Rate” means twelve per centum (12%) per annum or at the discretion of the Licensor six per centum (6%) above
the 3 month EURIBOR meaning; 
 The rate per annum from time to time determined at the election of the Licensor by either Allied Irish Banks
plc or Bank of Ireland (which shall include their respective successors) calculated by reference to the rate at which Euro interbank Licence Period deposits for a 3 month period (quoted for spot value on an adjusted 365 day count basis) are being
offered within the EMU zone by one prime bank to another at 11.00 am Brussels time or if there is no such rate the nearest or corresponding rate thereto as determined by the Licensor acting reasonably; 

“Quarterly Payment Days” means the first day of January, first day of April, first day of July and first day of October in every
year; 
 “Relevant Laws” all national, European and international laws, codes, directives and regulations having legal force or
effect for the time being in Ireland and all other directions made by any competent local, public or statutory authority relating to or affecting the use or operation of the Licensed Area, the health and safety of persons therein or otherwise
directly or indirectly relating to or affecting the occupation, use and operation of the Licensed Area and without prejudice to the generality of the foregoing including all planning legislation from time to time; 

“Services” means all and any services facilities and other matters provided by the Licensor acting by the Receiver from time to time
for the common or general use or for the benefit of some or all of the tenants, licensees and occupiers of the Building and if appropriate to visitors of the Building; 

“Service Charge” means the sum of €6.00 (exclusive of VAT) per square foot of the Licensed Area as a contribution towards the
costs of carrying out and providing the Services subject to such increase or decrease as the Licensor may reasonably determine having regard to the cost of providing the Services; 

“Working Day” has the meaning assigned to that term in the Lease; 

 

	1.2	Interpretation 

 In this Licence unless inconsistent with the context: 

 

	 	1.2.1	words importing the singular include the plural and vice versa; 

  
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	 	1.2.2	words importing the masculine include the feminine and the neuter genders and vice versa; 

  

	 	1.2.3	words importing persons shall include firms and companies and corporations and vice versa; 

  

	 	1.2.4	where a party consists of more than one person covenants and obligations of that party shall be deemed to be made jointly and severally; 

 

	 	1.2.5	any reference to a clause or schedule means a clause or a schedule to this Licence; 

  

	 	1.2.6	any reference to a statute or section of a statute includes any statutory amendment modification or re-enactment of it for the time being in force and every instrument order notice direction regulation bye-law
permission or condition being made or issued under it or deriving validly from it from time to time; 

  

	 	1.2.7	if any provision in this Licence is held to be illegal void invalid or unenforceable for any reason the legality validity and enforceability of the remainder of this Licence shall not be affected; 

 

	 	1.2.8	an obligation of the Licensee not to do any act matter or thing includes an obligation not to cause permit or suffer the doing of it. 

 

	2	GRANT OF LICENCE 

  

	2.1	Licence 

 In consideration of the covenants on the part of the Licensee herein contained the
Licensor acting by the Receiver hereby grants a licence to the Licensee during the Licence Period to use the Licensed Area for the purpose of carrying on the Permitted Use (and for no other purpose), together with the rights set out in the Schedule
1 (in common with the Licensor and all others authorised from time to time), upon the terms and conditions hereinafter appearing. 
  

	2.2	Variation 

 The Licensor acting by the Receiver hereby reserves the right from time to time
during the Licence Period to change or move the location of the Licensed Area or a part or parts thereof to such other reasonably comparable part of the Building by serving three (3) months written notice on the Licensee of its intention to do
so, specifying the area or areas of the new space in the Building and the Licensee shall at its own expense on the expiration of the said notice move to such new location or locations in which event all references in this Licence to the Licensed
Area and all terms and conditions of this Licence shall be deemed to apply to such new area or areas and any other area or areas subsequently allocated instead of it in accordance with this clause. 

 

	2.3	Personal Licence 

 This Licence is personal to the Licensee and is therefore not transferable or
disposable in any way and nothing herein contained shall create or be deemed to create any relationship of landlord and tenant between the Licensor and the Licensee. 
  

	3	COVENANTS BY THE LICENSEE 

  
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 The Licensee hereby covenants with the Licensor and the Receiver as follows: 

 

	3.1	to pay to the Licensor during the Licence Period from the Licence Fee Commencement Date yearly and proportionately for any fraction of a year the Licence Fee, to be paid (at the option of the Licensor which said option
may be exercised on any number of occasions) either by standing order, direct debit, credit transfer or cheque by equal quarterly payments in advance on the Quarterly Payment Days without any deduction, set-off or counterclaim whatsoever;

  

	3.2	to be responsible for all rates, taxes, assessments, duties, charges, impositions and all other such outgoings properly payable in respect of the Licensed Area or arising out of the Licensee’s use and occupation of
the Licensed Area and if the Licensed Area is not separately rated then to pay a fair proportion of any such items which relate to the Licensed Area and to keep the Licensor and the Receiver indemnified against any non payment or breach thereof;

  

	3.3	to pay the proportion applicable to the Licensed Area of the total premiums and other costs and expenses paid or to be paid by the Licensor acting by the Receiver in maintaining and keeping insurance cover against the
Insured Risks for the Building such proportion to be calculated by the Licensor’s surveyor (whose certificate in this respect shall be final and binding save for manifest error) together with the amount of any increased or loaded premium
relating to the Licensed Area or any adjoining or neighbouring premises and to cover the loss of the Licence Fee and Service Charge payable for the Licensed Area or payable because of the history of claims in respect of the Licensed Area or because
of any failure to implement the requirements and recommendations of the insurers with regard to the Licensed Area, such insurance contribution to be paid by the Licensee on demand, without any deduction, abatement, set off or counterclaim;

  

	3.4	to pay all charges for electricity, gas, water, telephone and other such utilities incurred by the Licensee (If any) relating to the Licensed Area; 

 

	3.5	to pay to the Licensor during the Licence Period yearly and proportionately for any fraction of a year the Service Charge to be paid in advance on the Quarterly Payment Days and at the option of the Licensor which said
option may be exercised on any number of occasions either by standing order, direct debit, credit transfer or cheque, without any deduction, set off or counterclaim; 

 

	3.6	not to carry out any alterations or additions whatsoever to the Licensed Area, nor to install any fixtures, fittings, furniture or equipment therein without first obtaining the prior written consent of the Licensor;

  

	3.7	to keep the Licensed Area clean and tidy and in good order repair and condition at all times during the Licence Period and all additions and alterations thereto and all fixtures and fittings therein (damage by any of
the Insured Risks excepted if and so long only as the policy or policies of insurance shall not have been vitiated or payment of the policy monies withheld or refused in whole or in part by reason of any act neglect or default of the Licensee or the
servants agents licensees of the Licensee) and to keep the Licensor and the Receiver effectually indemnified against all claims in respect thereof; 

  

	3.8	not to erect any signage, advertisement or notice on or within the Building without the prior written consent of the Licensor acting by the Receiver and not to affix or display in the windows of the Licensed Area any
advertisement, poster, notice or other sign or thing whatsoever; 

  

	3.9	 to permit the Licensor or his agent at all reasonable times (subject to reasonable prior notice save in the case of emergency) to enter the Licensed
Area for all purposes connected with the rights 

  
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reserved over the Licensed Area specified in Schedule 2 and to examine the state of repair and condition thereof and to repair and make good all defects of which notice in writing shall be given
by the Licensor acting by the Receiver to the Licensee and for which the Licensee is liable under the provisions hereof within one month after the giving of such notice and on the failure to comply with such notice the Licensor may carry out the
work referred to therein and recover the cost thereof on demand from the Licensee as liquidated damages. 

  

	3.10	to conduct, manage and ensure the proper and efficient operation of its business from the Licensed Area and to control its staff and visitors in the Licensed Area and not to place its fixtures or fittings or any
displays or signs in any of the common areas of the Building other than in the Licensed Area and then only as permitted hereunder; 

  

	3.11	to ensure that no dangerous or offensive matter or material is brought into the Building (including pets or other animals) and not to do or allow to be done any act or thing which is likely to be, or to become a
nuisance, danger or annoyance to the Licensor, the Receiver or other occupiers of the Building; 

  

	3.12	to ensure health and safety at work for all staff and invitees of the Licensee in the Licensed Area and to report immediately to the Licensor any event which causes a risk to health and safety; 

 

	3.13	to effect and maintain all policies of insurance against occupiers liability, public liability, employers liability and against such other risks and liabilities as would be usually effected and maintained for a business
such as the Permitted Use or as the Licensor acting by the Receiver may otherwise reasonably direct the Licensee to insure against and if reasonably directed by the Licensor acting by the Receiver to vary or extend such policies of insurance
including the terms, risks and levels of cover; 

  

	3.14	to indemnify the Licensor and the Receiver (and any other person having any estate or interest in the Building or any part thereof from time to time) and keep the Licensor and the Receiver and any such person fully and
effectually indemnified from and against any breach non-performance or non-observance of any of the provisions, stipulations or conditions contained in this License and against the breach non performance or non-observance of any of the rules and
regulations made pursuant to or contemplated by the provisions of this Licence and from and against any claim loss injury or damage which the Licensee is obliged to insure against under clause 3.13 hereof. 

 

	3.15	to produce to the Licensor acting by the Receiver on reasonable demand, evidence that all insurances are in place in compliance with and to give full effect to the insuring obligations of and the indemnities given by
the Licensee in this Licence. 

  

	3.16	to comply with all recommendations or requirements notified to it by the Licensor acting and the Receiver in relation to fire and safety precautions for the Building and to indemnify the Licensor and the Receiver (and
any other person having any estate or interest in the Building or any part thereof from time to time) and keep the Licensor and the Receiver and any such person fully and effectually indemnified against any costs, loss or damage which it suffers as
a result of the failure of the Licensee to comply with such recommendations and/or requirements. 

  

	3.17	to ensure that nothing is done or omitted on the Licensed Area which causes the Licensor, the Receiver or the Licensee to be in breach of any Relevant Laws or the Licensor’s insurance policy relating to or
affecting the Building. 

  
 5 

	3.18	not to allow any person other than the Licensee or the Licensor (or persons expressly authorised by the Licensor) or those envisaged by the Licence herein to have possession, occupation or use of the Licensed Area;

  

	3.19	in exercising its rights and obligations hereunder to cause as little damage or disruption and inconvenience as possible to the tenants and occupiers of the Building and not to use the Licensed Area in any manner which
interferes with the use or enjoyment of the Building; 

  

	3.20	to immediately deliver (on receipt thereof) to the Licensor a copy of every notice, order, direction or any other thing whatsoever given or made or issued to the Licensee during the Licence Period by any competent
authority affecting the Building or any part of it and to join in making such representations in respect thereof as the Licensor may require; 

  

	3.21	on the termination of this Licence forthwith to cease to enter or use the Licensed Area and immediately prior to the termination of this Licence to remove (unless otherwise requested by the Licensor or its agents) all
the Licensee’s goods, fixtures and fittings from the Licensed Area, making good any damage so caused as soon as possible thereafter to ensure full reinstatement of the Licensed Area to the condition of same prior to the Commencement Date;

  

	3.22	to pay interest at the Prescribed Rate upon the amount of any sum unpaid by the Licensee seven (7) days after it becomes due under the terms of this Licence such interest being payable in respect of the period from
the date when any such sum falls due until the date of actual payment thereof (calculated daily, before and after any judgment); 

  

	3.23	to indemnify and keep the Licensor (and any other person having any estate or interest in the Centre or any part thereof from time to time) fully and effectually indemnified from and against all losses liabilities
damages costs expenses actions claims proceedings and demands which may be suffered by or recovered or made or claimed against the Licensor and the Receiver (and any other person having any estate or interest in the Centre or any part thereof from
time to time) by any person in respect of any death or injury to any person or the loss or damage of any property of any person arising directly or indirectly from or in connection with:- 

 

	 	(i)	the use or occupation of the Licensed Area or the use of any appliances or equipment therein; 

  

	 	(ii)	the state of repair or condition of the Licensed Area; 

  

	 	(iii)	the making by or on behalf of the Licensee or other occupiers of any alteration addition or improvement to the Licensed Area or the state of repair or condition of any such alteration addition or Improvement;

  

	 	(iv)	any work carried out or in the course of being carried out by or for the Licensee or other occupiers; 

  

	 	(v)	anything now or hereafter attached by the Licensee or other occupiers to or projecting from the Licensed Area or any other cause whatsoever arising from or in connection with the Licensed Area for which the Licensee is
or are responsible or the exercise of the rights and easements granted by this Licensee. 

  

	4	GENERAL 

  
 6 

	4.1	Termination 

  

	 	4.1.1	The Licensor acting by the Receiver may at any time terminate this Licence on written notice with immediate effect: 

  

	 	(a)	if any sum due hereunder is in arrears for 14 days; 

  

	 	(b)	if the Licensee commits a breach of any of the terms of this Licence or any other misconduct on the part of the Licensee which has not been remedied within 14 days of written notice from the Licensor setting out the
said breach; 

  

	 	(c)	if the Licensee enters into liquidation or bankruptcy or suffers a receiver to be appointed to it or to any of its assets or there is presented a petition to have an examiner or interim examiner appointed in relation to
it or makes a composition or arrangement with any of its creditors or if the Licensee is unable to pay its debts within the meaning of Section 214, Companies Act, 1963 or has a bankruptcy petition presented against him or is adjudged bankrupt;
and/or 

  

	 	(d)	if the Licensor or Licensee is at any time notified by any statutory body or is required pursuant to any Relevant Laws to vacate the Licensed Area; 

 

	 	4.1.2	The Licensee may terminate this Licensee upon three (3) months notice in writing to the Licensor acting by the Receiver at any time during the Licence Period. 

 

	 	4.1.3	Termination in accordance with Clause 4.1 and Clause 4.2 shall be without prejudice to the rights and remedies of either party accrued prior to such termination, and shall not relieve the Licensee from any antecedent
covenant or obligation under this Licence. 

  

	 	4.1.4	Until payment of all money due to the Licensor from the Licensee on any account, the Licensor acting by the Receiver shall have a lien on any assets of the Licensee in or on the Licensed Area. 

 

	 	4.1.5	If the Licence hereby set out should continue beyond the Licence Period it shall, in the absence of a new licence agreement, be deemed to be a licence determinable by seven days notice in writing to be given by either
party to the other, such notice expiring on any day. 

  

	4.2	Fixtures and Fittings 

 All fixtures, fittings, furniture and equipment at any time installed by
or on behalf of the Licensee in the Licensed Area and any personal effects or other belongings of the Licensee or of its servants, agents or invitees in the Licensed Area are at all times at the risk of the Licensee and not of the Licensor or the
Receiver and the Licensor and the Receiver shall bear no responsibility for any items lost or stolen from the Licensed Area or the Building. 
  

	4.3	Licence, not Tenancy 

 It is hereby agreed that it is not the intention of the Licensor, the
Receiver or the Licensee that a tenancy of the Licensed Area shall be created by this Licence. 
  

	4.4	Value Added Tax 

  
 7 

 All sums of whatever nature which are payable by the Licensee under this Licence and which are
now or shall at any time after the date of this Licence become subject to Value Added Tax shall be deemed to be exclusive of Value Added Tax and the Licensee shall in addition to such sums pay any Value Added Tax payable or chargeable on them. 

 

	4.5	Notices 

 Any notice under this Licence shall be in writing and shall be sufficiently served if
sent to the party upon whom it is intended to serve it by post to the registered office or last known address of that party and shall be assumed to have been delivered in the normal course of post. 

 

	4.6	User 

 Nothing contained in this Licence shall in any way imply or be taken as a warranty by the
Licensor or the Receiver that the Licensee may use the Licensed Area for the intended purpose or use provided for in this Licence. 
  

	4.7	Separate Agreement 

 If any of the provisions of this Licence is found by a competent authority
to be void or unenforceable, it shall be deemed to be deleted from this Licence and the remaining provisions shall continue to apply. 
  

	4.8	Licensee’s Acknowledgement 

 The Licensee hereby expressly agrees and accepts that the
Receiver is acting as agent of the Licensor solely in his capacity as Receiver and enters into this Agreement in that capacity and accordingly no personal liability will attach to the Receiver or his estate, person and/or property TO THE INTENT
that any personal liability of the Receiver is hereby excluded. 
  

	4.9	Entire Agreement 

 This Licence constitutes the whole agreement for the use and operation of the
Licensed Area by the Licensee and it is expressly declared and agreed that there are no other agreements in relation to such use or operation other than as set out in this Agreement. The Licensee acknowledges that it has not relied upon any oral or
written representations made to it by the Licensor, the Receiver or its or his employees or agents. 
  

	5	CERTIFICATE 

 It is hereby certified that this instrument is a release or renunciation of
property or of a right or interest in property, which is not a release or renunciation on a sale. 
 IN WITNESS whereof these presents have been
entered into the day and year first herein written. 

  
 8 

 SCHEDULE 1 

Rights Granted to the Licensee 
  

	1.	The right (in common with all others having the same right) to use those of the common areas in the Building which serve the Licensed Area for the purposes of access to and egress from the Licensed Area subject to and
in accordance with such rules and regulations made from time to time governing such access and use. 

  

	2.	The right to use one (1) car park space in the car park of the Building as allocated for use by the Licensor acting by the Receiver for the purpose only of parking motor vehicles which are the property of the
Licensee or its employees provided however that the Licensor acting by the Receiver may alter or vary the location of the parking spaces allocated to the Licensee from time to time. 

 

	3.	Subject to the Licensee paying and discharging any costs and charges incurred by it relating to the use of meeting rooms located on the Lower Ground Floor of the Building and complying with any rules and regulations
relating to their use, the right (in common with all others having the same right) to use the said meeting rooms. 

SCHEDULE 2 
 Rights
reserved over the Licensed Area in favour of the Licensor 
  

	1.	The free and uninterrupted use of all conduits and equipment which are within the Licensed Area and serve other parts of the Building and the right on reasonable prior notice to enter onto the Licensed Area for all
purposes associated with inspecting maintaining, repairing, renewing, altering or replacing such conduits and equipment. 

  

	2.	Full and free right for the Licensor and any person authorised by the Licensor to alter and/or redevelop (by way of improvement renovation refurbishment or otherwise) or carry out modifications or extensions or
additions or reductions to or at the Building and/or on neighbouring or nearby premises or to demolish build or rebuild alter or develop the building or buildings on such neighbouring or nearby premises. 

					
	PRESENT when the Common Seal				
	 of the Licensor
 was affixed hereto:
				/s/ illegible
					Receiver for and on behalf of Benton Property Holding Limited (in Receivership)
			
	 SIGNED AND DELIVERED
 by the
Receiver:-
 in the presence of:
				/s/ illegible
					Receiver for and on behalf of Benton Property Holding Limited (in Receivership)
			
	Print Name: /s/ Paul
Greedon                                        
            				
			
	SIGNED AND DELIVERED by the LICENSEE in the presence of:				
					/s/ illegible

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