Document:

sedo_contract.htm

 

 

 

MEMORANDUM OF UNDERSTANDING

This Memorandum of Understanding (“MOU”) is entered by and between ACI NV, Inc., a Nevada company with a business address of _______ and Sedo Cresco, LLC., a Texas company with a business address of 2825 Wilcrest; whereas ACI has expertise in growing, cultivating, and branding cannabis; whereas Sedo desires to invest in legal cannabis business, and whereas ACI desires to collaborate with Sedo in establishing and running a legal cannabis operation, and the Parties wish to memorialize in this MOU their preliminary understanding of the principal terms of the Transactions as described below. Sedo agrees to pay a non-refundable five thousand dollars ($5,000) to ACI contemporaneous with execution of this MOU to immediately start preparing meeting its obligations under this MOU. The $5000 will be credited against monies owed to Aquarius in the first distribution of compensations under this MOU and/or any future agreements.

 

NOW THEREFORE THE PARTIES SET FORTH THEIR PRELIMINARY UNDERSTANDING AS FOLLOWS:

ARTICLE I

ACI’S OBLIGATIONS

1.0           ACI obligations under this MOU include:

(a)            Locate a property suitable for legal cannabis cultivation operation;

(b)           Advise Sedo on the proper corporate setup structure for cannabis growing companies, including the use of an Agricultural Cooperative;

(c)            Setup Sedo as a member of a collective that will designate plant protection for Sedo’s cultivation operation;

(d)           Determine and coordinate access to the proper cannabis genetics suitable for the legal cannabis cultivation operation;

(e)            Create a working financial revenue model for the legal cannabis cultivation operation;

(f)            Advise Sedo on proper and necessary operational requirements for the legal cannabis cultivation operation;

(g)           Advise Sedo on selection of qualified independent contractors or employees for its legal cannabis cultivation operation;

(h)           Train and educate independent contractors or employees of Sedo’s legal cannabis cultivation operation on proper ways to grow cannabis; this includes but is not limited to written operations manuals and guidelines as well as regular on site visits from Aquarius;

(i)             Provide means to remotely monitor growth of cannabis plants;

(j)             Provide guidance and oversight to independent contractors or employees of the legal cannabis cultivation companies;

(k)            Provide guidance and oversight on harvesting and curing cannabis to independent contractors or employees of the legal cannabis companies; and

(l)             Coordinate operational details with Sedo.

  

1

  

 

ARTICLE II

SEDO’S OBLIGATIONS

2.             Sedo’s obligations under this MOU include:

(a)           Purchase and maintain the property as identified above;

(b)           Finance the operation of the legal cannabis businesses;

(c)            Incorporate legal entities for the cannabis companies;

(d)           Manage the finance and cash flow of the cannabis businesses;

(e)           Ensure financial solvency of the cannabis businesses;

(f)            Payment of all financial obligations of the cannabis companies to various vendors.

ARTICLE III

DISTRIBUTION OF COMPENSATIONS

3.            The parties agree that the distribution of compensation is as follows:

	
  

	
(a)

	
ACI would be paid thirty five (35) percent of net revenue from the operation of the cannabis companies after Sedo pays mutually agreed, line-item expenses; and

	
  

	
(b)

	
Sedo would be paid sixty five (65) percent of net revenue from the operation of the cannabis companies after Sedo pays mutually agreed, line-item expenses.

ARTICLE IV

ACTIONS TO BE TAKEN AFTER EXECUTION OF THIS MOU

4.            The parties agree to take the following steps after execution of this MOU:

	
(a)

	
Incorporate and all necessary legal entities pursuant to this MOU;

	
(b)

	
Draft and finalize a trademark licensing contracts between ACI and the cannabis companies;

	
(c)

	
Draft and finalize a consulting/service contract(s) between ACI and the cannabis companies;

	
(d)

	
Draft and finalize a rental contract between Sedo and the cannabis companies;

	
(e)

	
Draft and finalize operational financing contract between Sedo and the legal cannabis companies; and

	
(f)

	
Take all necessary steps under this MOU to start and operate the legal cannabis companies.

  

2

  

 

ARTICLE V

COMPLIANCE

5.            The Parties at all times must follow and comply with all applicable regulations, California Health and Safety Code, and other applicable codes, including:

	
  

	
(a)

	
Ensuring that all growers, owners, managers, or employees of any of the cannabis companies are lawful medical patients and members of an unincorporated association of medical marijuana patients, known in California as a “collective”;

	
  

	
(b)

	
Ensuring that all cannabis companies are officially designated by the manager of the collective to fulfill various determined business roles ;

	
  

	
(c)

	
Ensuring that any collectives comply with all applicable state laws; and

	
  

	
(d)

	
Ensuring that any retail storefronts, which are part of the collective, comply with all applicable state laws.

ARTICLE VI

NOTICES

6.0          Notices. Any notices required to be given under this Agreement by either party to the other may be effected by personal delivery in writing or by mail, registered or certified, postage prepaid with return receipt requested. Either party may change the address by giving written notice in accordance with this paragraph. Mailed noticed must be addressed to the parties at the addresses appearing below:

This Agreement will be governed by and construed in accordance with the laws of the State of California.

Executed at __________________, California, on this, the 30 day April 2015.

 

 

3lease_agreement.htm

10/12/2015

	  	
Online Office Agreement

	
English (US)

	
q

	
Agreement Date : October 12, 2015                                                                           Confirmation No : 6551456

	
Business Center Details

	  	
Client Details

	
CA, Los Angeles Downtown - City National Plaza

	  	
Company Name

	
Aquarius Cannabis Inc

	
Address

	
515 S. Flower Street

	  	
Contact Name

	
Christopher Gonzalez

	  	
36th Floor

	  	
Address

	
2549 Cowley Dr

	  	
Los Angeles

	  	  	
Lafayette

	  	
CALIFORNIA

	  	  	
Colorado

	  	
90071

	  	  	
80026

	  	
United States of America

	  	  	
United States of America

	
Sales Manager

	
Chaz Inouye

	  	
Phone

	
347-686-5314

	  	  	  	
Email

	
christopher.michael.gonzalez@gmail.com

	
Office Payment Details   (exc. VAT an exc. Services)

	
Office Number

	
Number of people

	
Price per Office

	
3650

	
2

	
$ 1649.00

	
Initial Payment :

	
First Month’s fee :

	
       $ 0.00

	  	
Service Retainer :

	
$ 3,298.00

	  	
Total Initial Payment :

	
$ 3,298.00

	
Service Provision :

	
Start Date

	
1 December 2015

	
End Date:

	
30 November 2016

 

All agreements end on the last calendar day of the month.

 

Comments:

* 1 Month Free - Total Savings of $ 1,649.00

Customer will get the 1st month office fee waived on the initial term.

 

https://serviceagreement. regus.comiThankYou.aspx?src=0&Id=f9313a5675863661

1/1

  

 

1.   This Agreement

 

	
1.1 Nature of this agreement:  This agreement is the commercial equivalent of an agreement for accommodation(s) in a hotel.  The whole of the Center remains in the Provider’s possession and control. THE CLIENT ACCEPTS THAT THIS AGREEMENT CREATES NO TENANCY INTEREST, LEASEHOLD ESTATE OR OTHER REAL PROPERTY INTEREST IN THE CLIENT’S FAVOUR WITH RESPECT TO THE ACCOMMODATION(S).  The Provider is giving the Client the right to share with the Provider the use of the Center on these terms and conditions, as supplemented by the House Rules, so that the Provider can provide the services to the Client.  This agreement is personal to the Client and cannot be transferred to anyone else without prior consent from the Provider.  The Provider will not unreasonably withhold its consent to assignment to a parent, subsidiary or affiliate of the Client provided that Client and assignee execute the Provider’s form of Assignment of License Agreement which will require assignee to assume all Client obligations and will not release the Client. This agreement is composed of the front page describing the accommodation(s), the present terms and conditions, the House Rules and the Service Price Guide (where available).

 

	
1.2 Comply with House Rules:  The Client must comply with any House Rules which the Provider imposes generally on users of the Center.  The House Rules vary from country to country and from Center to Center and these can be requested locally.

 

	
1.3 AUTOMATIC RENEWAL:  THIS AGREEMENT LASTS FOR THE PERIOD STATED IN IT AND THEN WILL BE EXTENDED AUTOMATICALLY FOR SUCCESSIVE PERIODS EQUAL TO THE CURRENT TERM BUT NO LESS THAN 3 MONTHS (UNLESS LEGAL RENEWAL TERM LIMITS APPLY) UNTIL TERMINATED BY THE CLIENT OR BY THE PROVIDER PERSUANT TO SECTION 1.4.  UNTIL BROUGHT TO AN END BY THE CLIENT OR BY THE PROVIDER.  ALL PERIODS SHALL RUN TO THE LAST DAY OF THE MONTH IN WHICH THEY WOULD OTHERWISE EXPIRE.  THE FEES ON ANY RENEWAL WILL BE AT THE THEN PREVAILING MARKET RATE.

 

	
1.4 CANCELLATION:  EITHER THE PROVIDER OR THE CLIENT CAN TERMINATE THIS AGREEMENT AT THE END DATE STATED IN IT, OR AT THE END OF ANY EXTENSION OR RENEWAL PERIOD, BY GIVING AT LEAST THREE MONTHS WRITTEN NOTICE TO THE OTHER.  HOWEVER, IF THIS AGREEMENT, EXTENSION OR RENEWAL IS FOR THREE MONTHS OR LESS AND EITHER THE PROVIDER OR THE CLIENT WISHES TO TERMINATE IT, THE NOTICE PERIOD IS TWO MONTHS OR (IF TWO MONTHS OR SHORTER) ONE WEEK LESS THAN THE PERIOD STATED IN THIS AGREEMENT.

 

	
1.5 Ending this agreement immediately:  To the maximum extent permitted by applicable law, the Provider may put an end to this agreement immediately by giving the Client notice and without need to follow any additional procedure if (a) the Client becomes insolvent, bankrupt, goes into liquidation or becomes unable to pay its debts as they fall due, or (b) the Client is in breach of one of its obligations which cannot be put right or which the Provider have given the Client notice to put right and which the Client has failed to put right within fourteen (14) days of that notice, or (c) its conduct, or that of someone at the Center with its permission or invitation, is incompatible with ordinary office use .

 

	
 If the Provider puts an end to this agreement for any of these reasons it does not put an end to any outstanding obligations, including additional services used and the monthly office fee for the remainder of the period for which this agreement would have lasted if the Provider had not ended it.

 

	
1.6 If the Center is no longer available:  In the event that the Provider is permanently unable to provide the services and accommodation(s) at the Center stated in this agreement then this agreement will end and the Client will only have to pay monthly office fees up to the date it ends and for the additional services the Client has used.  The Provider will try to find suitable alternative accommodation(s) for the Client at another the Provider Center.

 

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

 

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

 

	
1.8 Employees:  While this agreement is in force and for a period of six months after it ends, neither the Provider nor the Client may knowingly solicit or offer employment to any of the other’s staff employed in the Center.  This obligation applies to any employee employed at the Center up to that employee’s termination of employment, and for three months thereafter.  It is stipulated that the breaching party shall pay the non-breaching party the equivalent of one year’s salary for any employee concerned.  Nothing in this clause shall prevent either party from employing an individual who responds in good faith and independently to an advertisement which is made to the public at large.

 

	
1.9  Client Representation of the Provider Employees: Throughout the duration of this agreement, Client agrees that neither Client, nor any of Client’s partners, members, officers or employees will represent, or otherwise provide legal counsel to, any of the Provider’s current or former employees in any dispute with, or legal proceeding against, the Provider, or any of the Provider’s affiliates, members, officers or employees.

 

	
1.10 Notices:  All formal notices must be in writing to the address first written above.

 

	
1.11 Confidentiality:  The terms of this agreement are confidential.  Neither the Provider nor the Client must disclose them without the other’s consent unless required to do so by law or an official authority.  This obligation continues after this agreement ends.

 

	
1.12 Applicable law:  This agreement is interpreted and enforced in accordance with the law of the place where the relevant Center is located.  All dispute resolution proceedings will be conducted in the country, state or province where the Center is located. If any provision of these terms and conditions is held void or unenforceable under the applicable law, the other provisions shall remain in force.  In the case of Japan all agreements will be interpreted and enforced by the Tokyo District Court, and in the case of France, any dispute regarding this agreement will be settled by the relevant courts of the Paris jurisdiction.

 

	
1.13 Enforcing this agreement:  The Client must pay any reasonable and proper costs including legal fees that the Provider incurs in enforcing this agreement except that the Provider and the Client will bear their own arbitration costs in the event of arbitration.

 

 

2.   Services and Obligations

 

	
2.1 Office accommodation(s):  the Provider is to provide the number of serviced office accommodation(s) for which the Client has agreed to pay in the Center stated in this agreement.  This agreement lists the accommodation(s) the Provider has initially allocated for the Client’s use.  The Client will have a non-exclusive right to the rooms allocated to it.  Occasionally the Provider may need to allocate different accommodation(s), but these accommodation(s) will be of reasonably equivalent size and the Provider will notify the Client with respect to such different accommodation(s) in advance.

 

	
2.2 Office Services:  the Provider is to provide during normal opening hours the services, if requested, described in the relevant service description (which is available on request).  If the Provider decides that a request for any particular service is excessive, it reserves the right to charge an additional fee.

 

	
2.3 the Provider IT:  THE PROVIDER DOES NOT MAKE ANY REPRESENTATIONS AS TO THE SECURITY OF THE PROVIDER’S NETWORK (OR THE INTERNET) OR OF ANY INFORMATION THAT THE CLIENT PLACES ON IT.  The Client should adopt whatever security measures (such as encryption) it believes are appropriate to its circumstances.  The Provider cannot guarantee that a particular degree of availability will be attained in connection with the Client’s use of the Provider’s network (or the internet). The Client’s sole and exclusive remedy shall be the remedy of such failure by the Provider within a reasonable time after written notice.

 

  

  

  

 

3.   Providing the Services

 

	
3.1 Access to the accommodation(s):  the Provider may need to enter the Client’s accommodation(s) and may do so at any time.  However, unless there is an emergency or the Client has given notice to terminate, the Provider will attempt to notify the Client verbally or electronically in advance when the Provider needs access to carry out testing, repair or works other than routine inspection, cleaning and maintenance.  The Provider will also endeavor to respect reasonable security procedures to protect the confidentiality of the Client’s business.

 

	
3.2 Availability at the start of this agreement:  If for any reason the Provider cannot provide the accommodation(s) stated in this agreement by the date when this agreement is due to start it has no liability to the Client for any loss or damages but the Client may cancel this agreement without penalty.  The Provider will not charge the Client the monthly office fee for accommodation(s) the Client cannot use until it becomes available.  The Provider may delay the start date of this agreement provided it provides to the Client alternative accommodation(s) that shall be at least of equivalent size to the accommodation(s) stated in this agreement.

 

 

4.   Accommodation(s)

 

	
4.1 The Client must not alter any part of its accommodation and must take good care of all parts of the Center, its equipment, fixtures, fittings and furnishings which the Client uses.  The Client is liable for any damage caused by it or those in the Center with the Client’s permission or at the Client’s invitation whether express or implied, including but not limited to all employees, contractors, agents or other persons present on the premises.

 

4.2 Office equipment:  The Client must not install any cabling, IT or telecom connections without the Provider’s consent, which the Provider may refuse at its absolute discretion.

 

	
As a condition to the Provider’s consent, the Client must permit the Provider to oversee any installations (for example IT or electrical systems) and to verify that such installations do not interfere with the use of the accommodation(s) by other Clients or the Provider or any landlord of the building.

 

	
4.3 Insurance:  It is the Client’s responsibility to arrange insurance for its own property which it brings in to the Center and for its own liability to its employees and to third parties.  The Provider strongly recommends that the Client put such insurance in place.

 

 

5   .Use

 

	
5.1 The Client must only use the accommodation(s) for office purposes.  Office use of a “retail” or “medical” nature, involving frequent visits by members of the public, is not permitted.

 

	
5.2 The Client must not carry on a business that competes with the Provider’s business of providing serviced office accommodation(s) or its ancillary services.

 

	
5.3 The Client’s name and address:  The Client may only carry on that business in its name or some other name that the Provider previously agrees.

 

	
5.4 Use of the Center Address:  The Client may use the Center address as its business address.  Any other uses are prohibited without the Provider’s prior written consent.

 

 

6.   Compliance

 

	
6.1  Comply with the law:  The Client must comply with all relevant laws and regulations in the conduct of its business.  The Client must do nothing illegal in connection with its use of the Business Center.  The Client must not do anything that may interfere with the use of the Center by the Provider or by others, cause any nuisance or annoyance, increase the insurance premiums the Provider has to pay, or cause loss or damage to the Provider (including damage to reputation) or to the owner of any interest in the building which contains the Center the Client is using.  The Client acknowledges that (a) the terms of the foregoing sentence are a material inducement in the Provider’s execution of this agreement and (b) any violation by the Client of the foregoing sentence shall constitute a material default by the Client hereunder, entitling the Provider to terminate this agreement, without further notice or procedure.

 

	
6.2 The Client acknowledges and accepts that its personal data may be transferred or made accessible to all entities of the Provider, wherever located, for the purposes of providing the services herein.

 

7.   The Provider’s Liability

 

	
7.1. The extent of the Provider’s liability:  To the maximum extent permitted by applicable law, the Provider is not liable to the Client in respect of any loss or damage the Client suffers in connection with this agreement, with the services or with the Client’s accommodation(s) unless the Provider has acted deliberately or negligently in causing that loss or damage.  the Provider is not liable for any loss as a result of the Provider’s failure to provide a service as a result of mechanical breakdown, strike, termination of the Provider’s interest in the building containing the Center or otherwise unless the Provider does so deliberately or is negligent.  In no event shall the Provider be liable for any loss or damage until the Client provides the Provider written notice and gives the Provider a reasonable time to put it right.   If the Provider is liable for failing to provide the Client with any service under this agreement then subject to the exclusions and limits set out immediately below the Provider will pay any actual and reasonable expenses the Client has incurred in obtaining that service from an alternative source.  If the Client believes the Provider has failed to deliver a service consistent with these terms and conditions the Client shall provide the Provider written notice of such failure and give the Provider a reasonable period to put it right.

 

	
7.2. EXCLUSION OF CONSEQUENTIAL LOSSES, ETC.: the Provider WILL NOT IN ANY CIRCUMSTANCES HAVE ANY LIABILITY FOR LOSS OF BUSINESS, LOSS OF PROFITS, LOSS OF ANTICIPATED SAVINGS, LOSS OF OR DAMAGE TO DATA, THIRD PARTY CLAIMS OR ANY CONSEQUENTIAL LOSS UNLESS the Provider OTHERWISE AGREES IN WRITING. the Provider STRONGLY ADVISES THE CLIENT TO INSURE AGAINST ALL SUCH POTENTIAL LOSS, DAMAGE, EXPENSE OR

	
LIABILITY.

 

	
7.3. Financial limits to the Provider’s liability:  In all cases, the Provider’s liability to the Client is subject to the following limits:

 

	
•

	
Without limit for personal injury or death;

 

	
•

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

 

	
•

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

 

 

8.   Fees

 

	
8.1  Taxes and duty charges:  The Client agrees to pay promptly (i) all sales, use, excise, consumption and any other taxes and license fees which it is required to pay to any governmental authority (and, at the Provider’s request, will provide to the Provider evidence of such payment) and (ii) any taxes paid by the Provider to any governmental authority that are attributable to the accommodation(s), including, without limitation, any gross receipts, rent and occupancy taxes, tangible personal property taxes, stamp tax or other documentary taxes and fees.

 

	
8.2 Service Retainer/Deposit: The Client will be required to pay a service retainer/deposit equivalent to two months' of the monthly office fee (plus VAT/Tax where applicable) upon entering into this agreement unless a greater amount is specified on the front of this agreement. This will be held by the Provider without generating interest as security for performance of all the Client’s obligations under this agreement.  The service retainer/deposit or any balance after deducting outstanding fees, the Business Continuity and Office Restoration Service and other costs due to the Provider, will be returned to the Client after the Client has requested for the return of the retainer/deposit in writing, settled its account with the Provider and funds have been cleared.

 

	
8.3 The Provider may require the Client to pay an increased retainer if outstanding fees exceed the service retainer/deposit held and/or the Client frequently fails to pay the Provider when due.

 

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

 

  

  

  

 

	
8.5 Payment: the Provider is continually striving to reduce its environmental impact and supports its clients in doing the same. Therefore the Provider will send all invoices electronically (where allowed by law) and the Client will make payments via an automated method such as Direct Debit or Credit Card, wherever local banking systems permit unless another form of payment is offered to the Client as a qualified and current Key Account. All amounts payable by the Client under this agreement may be assigned to other members of the Provider’s group.

 

	
8.6 Late payment:  If the Client does not pay fees when due, a fee will be charged on all overdue balances.  This fee will differ by country and is listed in the House Rules.  If the Client disputes any part of an invoice the Client must pay the amount not in dispute by the due date or be subject to late fees.  The Provider also reserves the right to withhold services (including for the avoidance of doubt, denying the Client access to its accommodation(s)) while there are any outstanding fees and/or interest or the Client is in breach of this agreement.

 

	
8.7 Insufficient Funds:  The Client will pay a fee for any returned check or any other declined payments due to insufficient funds.  This fee will differ by country and is listed in the House Rules.

 

	
8.8 The Provider will increase the monthly office fee each and every anniversary of the start date of this agreement by a percentage amount equal to the increase in the All Items Retail Prices Index, or such other broadly equivalent index which the Provider substitutes provided that if the foregoing increase is not permitted by applicable law, then the monthly office fee shall be increased as specified in the House Rules.  This will only apply to agreements that have an original start and end date constituting more than a 12 month term.  Renewals will be renewed as per clause 1.3 above and only those renewals with a start and end date constituting a term of over 12 months will have the same increase applied.

 

	
8.9 Standard services:  The monthly office fee and any recurring services requested by the Client are payable monthly in advance.  Unless otherwise agreed in writing, these recurring services will be provided by the Provider at the specified rates for the duration of this Agreement (including any renewal).  Specific due dates will differ by country and are listed in the House Rules.  Where a daily rate applies, the charge for any such month will be 30 times the daily fee.  For a period of less than a month the fee will be applied on a daily basis.

 

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

 

	
8.11  Discounts, Promotions and Offers:  If the Client benefited from a special discount, promotion or offer, the Provider may discontinue that discount, promotion or offer without notice if the Client breaches these terms and conditions or becomes past due on two or more occasions.

 

 

Global Terms & Conditions, lveber, Aug-14

 

  

  

  

 

OFFICE HOUSE RULES │ US

 

 

These are Regus’ House Rules which may change from time to time. These House Rules apply between Regus Management Group facilities operating under various names (Regus, HQ, Stratis, etc.) and the Customer in relation to a Business Centre. 

 

 

Accommodation(s)

 

 

	
  

	
1.

	
Upon Move In:  Regus will ask the Customer to sign an inventory of all accommodation, furniture and equipment the Customer is permitted to use, together with a note of its condition, and details of the keys or entry cards issued to the Customer.

 

	
  

	
2.

	
Signage: The Customer may not put up any signs on the doors of their accommodation or anywhere else that is visible from outside the rooms the Customer is using without written approval from the local Business Centre team. Regus reserves the right to charge a fee for any signage and to specify its design to ensure it remains in keeping with the Centre’s design.

 

	
  

	
3.

	
Property: The Customer must take good care of all parts of the Business Centre, its equipment, fittings and furnishings that they use.  The Customer must not alter any part of it.

 

	
  

	
4.

	
Keys and Security:  Any keys or entry cards which Regus lets the Customer use remain Regus’ property at all times.  The Customer must not make any copies of the keys and/or entry cards or allow anyone else to use them without Regus’ consent.  Any loss must be reported to Regus immediately and the Customer must pay a reasonable fee for replacement keys or cards and of changing locks, if required.  This rule improves security levels of the Business Centre.  If the Customer is permitted to use the Business Centre outside normal working hours it is the Customer’s responsibility to lock the doors to their accommodation and to the Business Centre when they leave.  This is to ensure the safety of individuals and property at the Business Centre.

 

 

Use of the Business Centre

 

 

	
  

	
5.

	
Entrances and Exits: The Customer shall not leave open any corridor doors, exit doors or door connecting corridors during or after business hours. For security purposes and if the Customer does so, it will be at the Customer’s own risk.  All corridors, halls, elevators and stairways shall not be obstructed by the Customer or used for any purpose other than egress and ingress.  The Customer can only use public areas with the consent of Regus and those areas must be kept neat and attractive at all times.

 

	
  

	
6.

	
Name and Address:  At the Customer’s request and cost, Regus is happy to include the Customer’s name in the house directory at the Business Centre, where this facility is available. The Customer must not use the name Regus or HQ Global Workplaces or Stratis in any way in connection with their business.  The Customer may not use the Business Centre as the Customer’s registered address for serviceof-process.

 

	
  

	
7.

	
Phone Number: The Customer agrees that the phone number(s) assigned to Customer are for Customer’s use during the term of Customer’s agreement. The phone numbers remain the property of Regus and the Customer has no contractual or vested interests in the present telephone service, telephone service or telephone numbers provided by Regus. If Customer chooses to have the phone number listed in the local 411 or directory assistance, Customer authorises Regus to procure and arrange the listing for Customer and Customer agrees to pay any fees for such listing. Customer agrees not to list the phone number in any “white or yellow” pages.

 

	
  

	
8.

	
Employees and Guests: The Customer’s employees and guests shall conduct themselves in a businesslike manner; proper business attire shall be worn at all times; the noise level will be kept to a level so as not to interfere with or annoy other Customers and the Customer will abide by Regus’ directives regarding security, keys, parking and other such matters common to all occupants. No part of the office or Regus Business Centre may be used for overnight accommodation.

 

	
  

	
9.

	
Equipment: The Customer shall not, without Regus prior written consent, store or operate in their office(s) or the Business Centre(s), any computer (excepting a personal computer) or any other large business machine, reproduction equipment, heating equipment, stove, radio, stereo equipment or other mechanical amplification equipment, vending or coin operated machine, refrigerator, boiler or coffee equipment.  Additionally, the Customer must not conduct a mechanical business therein, do any cooking therein, or use or allow to be used in the building where the Business Centre is located, oil burning fluids, gasoline, kerosene for heating, warming or lighting. No article deemed hazardous on account of fire or any explosives shall be brought into the Business Centre. No offensive gases, odours or liquids shall be permitted. No weapons concealed or otherwise, shall be permitted.  The Business Centre is intended to be used solely for office use.

 

	 	
10.

	
Electrical: The electrical current shall be used for ordinary lighting, powering personal computers and small appliances only unless written permission to do otherwise shall first have been obtained from Regus at an agreed cost to the Customer.  If the Customer require any special installation or wiring for electrical use, telephone equipment or otherwise, such wiring shall be done at the Customer’s expense by the personnel designated by Regus.

 

	 	
11.

	
Common Areas: The Customer may not conduct business in the hallways, reception area or any other area except in the Customer’s designated office without the prior written consent of Regus.

 

	 	
12.

	
Animals: The Customer shall bring no animals into the Building other than assistance animals.

 

	 	
13.

	
Kitchen Amenities / Beverage Fee: allows the Customer and visitors access to self-service coffee and tea. This fee is mandatory and will be charged per office occupant.

 

	 	
14.

	
Businessworld Membership: Your complimentary Businessworld Membership can be used in any Regus location outside of your home centre where your office/virtual office is located.  Use of the Regus Business Lounges will be governed by the Businessworld terms and conditions which are conveniently located on www.regus.com.

 

	 	
15.

	
Manufacturing and Storage: The Customer shall not use the Business Centre for manufacturing or storage of merchandise except as such storage may be incidental to general office purposes.  The Customer shall not occupy or permit any portion of the Business Centre to be occupied or used for the manufacture, sale, gift or use of liquor, narcotics or tobacco in any form.

 

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16.

	
Locks: No additional locks or bolts of any kind shall be placed upon any of the doors or windows of the Business Centre by the Customer nor shall any changes be made to existing locks or the mechanisms thereof.

 

	 	
17.

	
Soliciting: Canvassing, soliciting and peddling in the Building are prohibited and the Customer shall not solicit other Customers for any business or other purpose without the prior written approval of Regus.

 

	 	
18.

	
Property: All property belonging to the Customer or any of the Customer’s employee, agent or invitee shall be at the risk of such person only and Regus shall not be liable for damages thereto or for theft or misappropriation thereof.

 

	 	
19.

	
Smoking: Smoking of any type i.e. nicotine or electronic or any other form, shall be prohibited in all public areas, including conference and training rooms. No smoking shall be permitted at any time in any area of the Business Centre (including open or closed offices).

 

	 	
20.

	
Harassment: The Customer or the Customer’s officers, directors, employees, shareholders, partners, agents, representatives, contractors, customers, or invitees shall be prohibited from participating in any type of harassing, discriminatory or abusive behavior to Regus team members, other Customers or invitees, verbal or physical in the Business Centre for any reason. Any breach of this rule is a material breach of your agreement (not capable of remedy) and your agreement may be terminated immediately and services will be suspended without further notice.

 

 

Services and Obligations

 

 

	 	
21.

	
Furnished Office Accommodation: The Customer shall not affix anything to the windows, walls or any other part of the office or the Business Centre or make alterations or additions to the office or the Business Centre without the prior written consent of Regus.

 

	 	
22.

	
Office Services:  Regus is happy to discuss special arrangements for the use of the facilities outside the Business Centre standard business opening hours or, the standard working days where the Business Centre is located. There may be an additional charge for such special arrangements.  This can be discussed at the time of arrangement.

 

	 	
23.

	
Pay-As-You-Use Services: All of the pay-as-you-use services are subject to the availability of the Business Centre staff at the time of any service request. Regus will endeavour to deal with a service request at the earliest opportunity and provide the additional service the Customer requires, but Regus will not be held responsible for any delay.

 

	
  

	
•

	

If in Regus’ opinion, Regus decides that a request for any pay-as-you-use service is excessive; Regus reserves the right to charge an additional fee at Regus’ usual published rates based on the time taken to complete the service.  This will be discussed and agreed between Regus and the Customer at the time the Customer makes such request.

 

	 	
24.

	
Service Availability: Services will be available during standard business opening hours. Internet access and phone lines are available after hours and weekends.

 

 

The Regus Services Agreement

 

 

	 	
25.

	
Regus Services Agreement:  Regus may transfer the benefit of your agreement and our obligation under it at any time. This clause reflects the fact that the Customer is taking a serviced office agreement and not a lease and that Regus retains overall control of the Business Centre.  The Customer has no real-property or commercial property interest of any kind in the building where the Business Centre is located.  Where the Customer is a company and it merges with another or the Customer needs to allow an affiliate to use the services provided under the Services Agreement, The Customer will explain the need for any change to Regus and Regus will give careful consideration in each case.  Regus needs to make sure Regus knows and is satisfied with the identity of each occupant of the Business Centre.

 

	 	
26.

	
Data Protection:  Customer agrees that we may process, disclose or transfer (including outside the EEA-European Economic Area to other countries which are part of our international network from time to time) any personal data which we hold on or in relation to the Customer provided that in doing so we take such steps as we consider reasonable to ensure that it is used only

 

	
  

	
•

	
To fulfill our obligations under your agreement;

 

	
  

	
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For work assessment and fraud prevention; or

 

	
  

	
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To make available information about new or beneficial products and services offered by us and other organizations which we consider   may be of interest to Customer.

 

Please be aware that countries outside the EEA - European Economic Area - may not have laws in force to protect Customer’s personal data.

 

	 	
27.

	
Subordination: This agreement is subordinate to Regus lease with Regus landlord and to any other agreements to which Regus’ lease with the landlord is subordinate.

 

	 	
28.

	
Applicable Law:  the present House Rules shall be governed by the law of the place where the relevant centre is located. Regus and the Customer both accept the exclusive jurisdiction of the courts of such jurisdiction. If any provision of these rules is held void or unenforceable under the applicable law, the other provisions shall remain in force.

 

	 	
29.

	
Annual Indexation: For all agreements with a term greater than 12 months the indexation applied on the 13th month to the monthly office rate will be CPI or 4%, whichever is greater.

 

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30.

	
Cross Default: Customer agrees that, if Customer is in default under a service agreement with Regus at a different business centre (“Different Location Agreement”) to the one specified in this Agreement, Regus may recover any unpaid sums due under a Different Location Agreement from Customer under this Agreement and that Regus may, in particular (but not limited to), withhold services under this Agreement or deduct sums from the retainer held under this Agreement in respect of such unpaid sums.

 

	 	
31.

	
Termination: Regus has the right to terminate the Agreement immediately if the Customer is or becomes (i) identified on the Specially Designated Nationals and Blocked Persons List maintained by the U.S Department of the Treasury Office of Foreign Assets Control (“OFAC”) or on any similar list (collectively, the “List”), or (ii) a person, entity, or government with whom a citizen of the United States is prohibited from engaging in transactions by any trade embargo, economic sanction, or other prohibition of United States law, regulation, or Executive Order of the President of the United States. Regus reserves the right to immediately suspend services and/or terminate the agreement if Regus determines that the Regus facility or address is being used in connection with possible fraudulent activity or activity that may be a violation of laws or governmental regulations.

 

	 	
32.

	
Company Name Change:  If there is a need to change the name of your company, requests must be made in writing and addressed to the Centre Manager or General Manager.  Please note that these requests should be accompanied by the appropriate supporting paperwork and will be processed within 60 days from the beginning of the next calendar month. Failure to provide paperwork supporting the name change will delay processing. Any invoices prior will be in the current company name and can not be changed.

 

	 	
33.

	
Liability for Services: Customer is liable for all fees and any other amounts for which services are requested or rendered regardless of whether a payment made by any particular medium is declined or rejected in whole or in part. If requested by Regus, Customer will immediately pay by an alternate form of payment that Regus accepts.

 

	 	
34.

	
Credit Card Authorization: If Customer elects to pay fees and any other amounts owed to Regus by credit card, Customer will self provision payment details in a secured online system which authorizes Regus to charge Customer for amounts owed to Regus.

 

	 	
35.

	
Automated Payment Processing:  If you have a payment card for your primary payment method of your monthly invoices please note your card will be charged 5-7 days prior to or up to the due date.  You will receive an email confirmation upon the processing of your card for your records. If you have Direct Debit for your primary payment method of your monthly invoices please note your account will be charged 3 days prior to the due date. You will receive an email notice if your payment is unable to be processed successfully.

 

 

Fees

 

 

	 	
36.

	
Standard Services:  The standard fee and any fixed, recurring services requested by the Customer are billed in advance and payable upon receipt of the invoice. The configuration and engineering fee as stated in our published rates will be billed upon activation of applicable Regus IT and Voice solutions. Where a daily rate applies, the charge for any such month will be 30 times the standard fee.  For a period of less than a month the standard fee will be applied on a daily basis. Recurring services will be provided by REGUS at the specified rates for the duration of your Agreement (including any renewal). If Customer has a need to cancel a recurring service they may request this at any time up to the notification due date of the agreement. The cancellation will be applied from the first day of the renewal start.

 

	 	
37.

	
Pay-as-you-use (one-off) Services:  Fees for pay-as-you-use services, plus applicable taxes, in accordance with our published rates which may change from time to time, are billed in arrears and payable upon receipt of the invoice.  For Customer’s convenience, the Service Price Guide, which may change time to time, list many commonly requested services and their costs. If you require a service not shown in the Service Price Guide, such as postage, shipping labels, courier or overnight delivery services, please ask a centre team member for the cost as it may include a convenience and administrative fee. Additional services are subject to the availability of Regus centre staff to accommodate such requests at the time each such request is made.

 

	 	
38.

	
Office Set Up:  An office set up fee of $75 will be charged for each occupant.

 

	 	
39.

	
Office Restoration Service:  A fee of $2.50 per square foot for each occupied office will be charged upon the Customer’s departure or if the Customer, at the Customer’s option, chooses to relocate to different rooms within the Centre. Regus charges this fee to cover standard cleaning and testing; and to return each office to its original state. Regus reserves the right to charge additional reasonable fees for any repairs needed above and beyond normal wear and tear.

 

	 	
40.

	
Business Continuity Service: All customers automatically receive the Business Continuity service for 3 months following departure from Regus, to cover the management and redirection of mail, fax, calls and visitors. The fee charged is based on the cost of the Virtual Office service at the current market rate. Prices can be obtained upon request.

 

	 	
41.

	
Late Payment and Penalty:  All invoices are due upon receipt and should be paid no later than the 1st of each month. If the Customer does not pay fees when due, a service fee of $25 plus 5% penalty will be charged on all overdue balances under $1,000. For balances equal to or greater than $1,000 a fee of $50 plus 5% penalty will apply. Late fee dates will vary based on the type of service/invoice that is provided. At any time, the Customer may ask the center team on what date a late fee will be assessed. If the Customer disputes any part of an invoice, the Customer must pay the amount not in dispute by the due date or be subject to such late fee and penalty. Regus also reserves the right to withhold services (including for the avoidance of doubt, denying the Customer access to the Customer’s accommodation) while there are any outstanding fees, penalties and interest or the Customer is in breach of the Service Agreement which, for the avoidance of doubt, includes these House Rules.

 

	 	
42.

	
Insufficient Funds:  The Customer will pay a fee of $50 or the maximum amount permitted by law for any returned cheque or any other declined payment due to insufficient funds.

 

	 	
43.

	
Retainer Maintenance Fee: Any retainer not claimed after 120 days will be charged a monthly $25 account maintenance fee.

 

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Liability

 

 

	 	
44.

	
Mail: The Customer releases Regus from any liability arising out of or incurred in connection with any mail or packages received on the Customer’s behalf.

 

 

Force Majeure

 

 

	 	
45.

	
Force Majeure: Regus shall have no liability to the Customer under this agreement if it is prevented from, or delayed in, performing its obligations under this agreement or from carrying on its business by acts, events, omissions or accidents beyond its reasonable control, including (without limitation) strikes, failure of a utility service or transport network, act of God, war, riot, civil commotion, malicious damage, disease or quarantine restrictions compliance with any law or governmental order, rule, regulation or direction, accident, fire, flood, storm or default of suppliers or subcontractors. Regus obligation to perform its obligations shall be suspended during the period required to remove such force majeure event. Regus shall notify the Customer as soon as reasonably possible of the force majeure event and propose a suitable alternative accommodation (if any) in the same Business Centre or in another available business centres.

 

 

IT and Technology Policy

 

 

	 	
46.

	
Introduction: This Policy forms part of the Regus Internet Connectivity Order and applies where the Customer wishes to use Regus Telecommunication and Internet connectivity services and equipment.

 

	 	 	

Regus is considered a Downstream Service Provider (DSP), which means Regus provides a personalised connection to the Internet which is managed and protected via a firewall.

 

	
  

	
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Regus Internet service provides the Customer with an Internet connection that supports regular business activity such as web browsing, the ability to send and receive electronic communications, access to business applications and the like.

 

	
  

	
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The service is based on a symmetrical leased line connection or similar technology that is shared with other individual Regus Customers within the same Regus office building.

 

	
  

	
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Regus can provide the Customer with reserved bandwidth in various capacities, subject to availability. This provides an uncontended, symmetrical connection of the selected size. The service provides the Customer with the following capability:

 

	
  

	
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The ability to deploy public IP addressing.

 

	
  

	
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The option to run server based solutions that require inbound connectivity (e.g. an FTP, web or mail server).

 

	
  

	
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The option to run “site to site” VPN connections.

 

	
  

	
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The Customer is also able to deploy its own “firewall” to manage its own LAN and VPN connections should the Customer wishes to do so.

 

	 	
47.

	
Regus Internet and Telecommunications Policy

 

	
  

	
47.1

	
Content: The Customer acknowledges that Regus does not monitor the content of information transmitted through Regus’ telecommunications lines or equipment, which includes, but is not limited to, Internet access, telephone, fax lines and data lines (“Telecommunications Lines”). The Customer further acknowledges that Regus is merely providing a conduit for Customer’s Internet transmissions, similar to a telephone company, and that Regus accepts no liability for the content of transmissions by the Customer.

 

	
  

	
47.2

	
Restrictions: The Regus Internet service may be used only for lawful purposes and shall not be used in connection with any criminal or civil violations of state, federal, or international laws, regulations, or other government requirements. Such violations include without limitation theft or infringement of copyrights, trademarks, trade secrets, or other types of intellectual property; fraud; forgery; theft or misappropriation of funds, credit cards, or personal information; violation of export control laws or regulations; libel or defamation; threats of physical harm or harassment; or any conduct that constitutes a criminal offence or gives rise to civil liability. The Customer is responsible for maintaining the basic security and virus protection of the Customer’s systems to prevent their use by others in a manner that violates the Service Agreement. The Customer is responsible for taking corrective actions on vulnerable or exploited systems to prevent continued abuse.

 

	
  

	
47.3

	
Regus Internet Access - Per User Basis: Regus grants the Customer access to the Regus Internet service on a per user access basis. In the event of the Customer increasing the number of users by utilising a proxy server or by other means, the Customer agrees to pay the Regus fee for each user who accesses the Internet, either directly or through a proxy server.

 

	
  

	
47.4

	
Unauthorized Access: In no event may the Customer increase its authorized access points to the Telecommunications/Data lines by means of wire splitting or any other method including wireless devices. In the event of the Customer breaching paragraph 46.3 Regus Internet Access - Per User Basis), above, or this paragraph, Regus may disconnect all of the Customer’s access to the Telecommunications/Data lines upon three (3) business days prior written notice to the Customer. The Customer shall pay all Regus fees for any unauthorized Telecommunications/Data Lines use upon invoice from Regus. Regus shall have no obligation to reconnect the Customer to the Telecommunications/Data Lines until such fees have been paid in full and the Customer has ceased to make unauthorized access.

 

	
  

	
47.5

	
Customer Installed Telecommunications Lines: It is part of the Regus business model to provide Telecommunications Lines to its Customers. The Customer may not bypass the use of the Regus Telecommunications Lines by installing its own direct Telecommunications Lines. On a case by case basis, Regus may grant the Customer authorisation to install direct Telecommunications Lines upon written request by the Customer. This permission will only be granted on the agreement of the Customer, to make a monthly payment of a direct access fee as set by Regus which will be equal to the monthly Regus Internet fee, the Telecoms package fee or both.

 

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47.6

	
Security Violations: The Customer is prohibited from engaging in any violations of system or network security. The Regus Internet service may not be used in connection with attempts - whether or not successful - to violate the security of a network, service, or other system. Examples of prohibited activities include, without limitation, hacking, cracking into, monitoring, or using systems without authorization; scanning ports; conducting denial of service attacks; and distributing viruses or other harmful software. Regus reserves the right to suspend the Internet access upon notification from a recognized Internet authority or ISP regarding such abuse. Regus may disconnect the Customer’s equipment and withhold services if Regus considers that the Customer’s hardware or software is, or has become, inappropriate for connection to Regus’ network.  The Customer is responsible for the Customer’s own virus protection on the Customer’s systems and hardware.

 

	
  

	
47.7

	
Regus Internet: Services are only available at Regus locations and connection to Regus’ network is only permitted at those locations or via Regus provided services.  The Customer must not create any links between Regus’ network and any other network or any telecommunications service without Regus’ consent.

 

	
  

	
47.8

	
Revisions to this Policy: Regus may modify this Policy at any time, with or without notice.

 

	
  

	
47.9

	
Special Requirements:

 

	
  

	 	
Where the Customer is using its own wireless access points, the Customer requires written approval from Regus, prior to implementation. The use of the Customer’s own wireless router will result in a service charge based upon the total number of users (the total number of contracted work stations being the minimum) in the Customer’s designated office space.

 

	
  

	 	
It is to note that the following ports are blocked through the Regus firewall for outbound traffic: H323, Napster_8888, Nbdatagram, Nbname, RealPlayer-grp, TCP-135, TCP-139, TCP-1433, TCP-1434, UDP-1434.

 

	
  

	 	
Video conferencing services are not allowed on Regus’ Data Network without written approval from the Regus IT Director. If approval is gained then the Customer will be required to take Reserved Bandwidth to support the solution.

 

	
  

	 	
The Regus Mail relay server is limited to 128 recipients / 32MB per message. It cannot be used as a smarthost.

 

	 	
48.

	
DISCLAIMER OF LIABILITY FOR THIRD PARTY PRODUCTS: As part of its services to the Customer, Regus may provide third party Internet access and computer hardware and software (“Third Party Services”). REGUS DISCLAIMS ANY AND ALL LIABILITY, INCLUDING ANY EXPRESS OR IMPLIED WARRANTIES, WHETHER ORAL OR WRITTEN, FOR SUCH THIRD PARTY SERVICES. THE CUSTOMER ACKNOWLEDGES THAT NO REPRESENTATION HAS BEEN MADE BY REGUS AS TO THE FITNESS OF THE THIRD PARTY SERVICES FOR THE CUSTOMER’S INTENDED PURPOSE.

 

	 	
49.

	
DISCLAIMER OF LIABILITY FOR THE CUSTOMER’S EQUIPMENT: ALL CUSTOMER EQUIPMENT STORED IN THE REGUS TELECOMMUNICATIONS ROOM IS STORED AT CUSTOMER’S OWN RISK. REGUS DISCLAIMS ANY AND ALL LIABILITY FOR SUCH EQUIPMENT AND SHALL NOT BE LIABLE FOR ANY LOSSES OR DAMAGE TO SUCH EQUIPMENT.

 

	 	
50.

	
DISCLAIMER OF INDIRECT DAMAGES FROM LOSS OF SERVICE: Regus does not provide any service level agreement to the Customer in regard to provision or loss of service for its Internet services. Regus shall not be liable for any indirect damages, including lost profits, arising out or resulting from any loss of service or degradation of connectivity/access to the Internet with the Service Agreement, even if the other party has been advised of the possibility of such damages. The foregoing shall apply, to the fullest extent permitted by law, regardless of the negligence or other fault of either party.

 

	 	
51.

	
DISCLAIMER OF INDIRECT DAMAGES: Regus shall not be liable for any indirect damages, including lost profits, arising out or resulting from the Service Agreement even if the other party has been advised of the possibility of such damages. The foregoing shall apply, to the fullest extent permitted by law, regardless of the negligence or other fault of either party.

 

Office House Rules – Revised: May 1, 2015

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