EXHIBIT 10.12
LICENCE
This Licence is made the First of September two thousand and five between
Bioaccelerate Limited whose registered office is at Xxxxxxxx Xxxxx 0xx Xxxxx 00
Xxxxxxx XX Xxxxxx Xxxxxx XX0X 0XX (hereinafter called "the Licensor" ) of the
one part and Electronic Game Card Ltd whose registered office is at Xxxxxxxx
Xxxxx 0xx Xxxxx 11 Xxxxxxx XX Street London SW1Y4QU (hereinafter called "the
Licensee") of the other part WITNESSETH as follows :
1. THE Licensor shall permit the Licensee to occupy part of the premises
known as Xxxxxxxx Xxxxx 0xx Xxxxx 11 Xxxxxxx XX Street London SW1Y 4QU
("the Premises") more fully described in the First Schedule.
2. The period of occupation by the Licensee shall be for a period of one
year less one day commencing on the date hereof ("the Licence Period").
3. THE Licensee hereby agrees and undertakes with the Licensor as follows:
(A) A monthly licence fee at the rate of (pound)5000.00 per month
plus VAT monthly in advance from the date hereof. In addition
apportionments for rates and service charges will be invoiced
when received.
(B) To pay and discharge all telephone charges, Internet and
ancillary charges in respect of the Premises for such services
as used by the Licensee during the Licence Period.
(C) To indemnify the Licensor from and against all and any claims
demands damages costs and expenses which may be brought or
made against or suffered or incurred by the Licensor in
respect of or arising out of any accident or invitation
(either expressed or implied) of the Licensee and to indemnify
the Licensor against any loss or claim or expenses incurred by
the Licensor by reason of any damage caused to the Premises
(other than by any risk against which the Licensor is insured)
by the Licensee
(D) Not to make any alterations or additions to the Premises or
any part or parts thereof
(E) Not to part with possession of the premises or any part or
parts thereof
(F) To reinstate the Premises and fixtures and fittings therein
upon the expiry of the Licence Period to their condition at
the date hereof
(G) To vacate the Premises on the expiry of the Licence Period.
4. This Licence may be terminated prior to the expiry of the Licence
Period:
(A) by the Licensor giving notice to the Licensee at any time
during the License Period in the event of a breach by the
Licensee of any of his agreements contained in Clause 3 hereof
in which event this Licence (and the rights granted to the
Licensee hereunder) shall determine forthwith upon service of
such notice but without prejudice to the rights of either
party in respect of any breaches of this Licence which may
have occurred prior to the date of determination as aforesaid.
(B) by either party to this Licence giving one month's notice in
writing to the other party pursuant to this sub-clause such
notice not to be given until after the expiry of six months
from the date of this Licence in which event this Licence (and
the rights granted to the Licensee hereunder) shall determine
one month after service of such notice but without prejudice
to the rights of either party in respect of any breaches of
this Licence which may have occurred prior to the date of
determination as aforesaid.
5. This Licence does not give the Licensee any rights tenancy rights under
the Landlord and Xxxxxx Xxx 0000
/s/ Xxxxxx Xxxxx
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SIGNED as a deed on behalf of Authorised Signatory
Bioaccelerate
Limited
/s/ Xxxx Xxxxx
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SIGNED as a deed on behalf of Authorised Signatory
Electronic Game Card
Limited
SCHEDULE 1
The area at the east end of the fifth floor of Savannah House beyond the
partition wall with a side frontages on to Xxxxxxx XX Street and St Albans
Street plus use of the staff kitchen and toilet facilities.
