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Exhibit
10.47
DATED 6
th November 2006
Chiltern House Business
Centre [Licensor]
and
Synplicity Europe Limited
[Licensee]
LICENCE FOR
USE
of Designated Space being
Office Suite 1C
(subject to variation as
provided in this Agreement)
at Chiltern House Business
Centre
PARTICULARS
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Date of Licence
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6
th November 2006 |
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Licensor
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Chiltern
House Business Centre, Company No. 3163096 whose registered office
is at Chiltern House, 45 Station Road, Henley on Thames, Oxon, RG9
1AT |
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Licensee
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Company Title
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Synplicity
Europe Limited |
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Registered Office
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Carmelite,
50 Victoria Embankment, Blackfriars, London, EC4Y 0DX |
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Company Registration No
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3601855 |
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Period of this Licence
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36
months |
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Commencing
1 st January 2007 |
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Expiring
31 st December 2009 |
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Licence Fee
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The licence
fee will be £2,917 exclusive per calendar month for the first
year of the licence, £4,083 exclusive per calendar month for
the second year and £3,500 exclusive per calendar month for
the third |
1
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year [or
such other amount as the Licensor may in its absolute
discretion determine on one calendar months’ notice in
writing
to the Licensor]. The first payment of the Licence Fee (and
Valued Added Tax) in respect of the period commencing on
1 st January 2007 and expiring on 31
st December 2009 to be
paid no later than the 1 st January
2007. |
| Deposit |
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£7,000 to be paid on the date hereof. |
| Facilities |
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Use of desk and office furniture in the
Designated Space on the first floor of Chiltern House Business
Centre
(“the Building”) (or such
rooms as may be substituted therefore under the provision of clause
6) the Facilities being available 24 hours per day on a 7 day week
basis.
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2
THIS LICENCE is made
the 6 th day of November 2006
BETWEEN:
The
Licensor Chiltern
House Business Centre Limited
AND
The
Licensee Synplicity
Europe Limited
TERMS OF LICENCE
The terms set out in the
preceding Particulars shall have the meanings therein ascribed to
them in this Licence and shall form part of this
Licence.
The Licensee shall pay to the
Licensor during the Period of this Licence monthly in advance on
the first day of each month the Licence Fee together with Value
Added Tax at the rate then prevailing and without making any
deductions or set offs.
The Licensee shall pay to the
Licensor on the signing hereof the Deposit which shall be repaid to
the Licensee after the termination of this Licence when the
Licensor has received final invoice pertaining to the telephones
used by the Licensee and any other services provided by the
Licensor and when the Licensee has returned all keys and passes but
the repayment of the Deposit shall be subject to deduction of any
sums owing by the Licensee under or by reason of any breach of this
Licence including (without limitation) a deduction in respect of
the cost incurred by the Licensor in the removing (and where
appropriate) storing any furniture or other items left by the
Licensee in or upon the Designated Space or the Building at the
expiration of this Licence. No interest is payable on the Deposit
by the Licensor.
1
| 4.1 |
In consideration of the payment of the Licence Fee the Licensor
shall during the Period of this Licence provide at all times:
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4.1.2 |
lighting and supply of electricity |
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4.1.3 |
reasonable repair and maintenance of the Building and cleaning
of the Designated Space |
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4.1.4 |
kitchen and toilet facilities for common use |
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4.1.5 |
the right to use the telephones in the Office Suite subject to
payment of the costs actually incurred |
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4.1.6 |
payment of all rates and other outgoings in respect of the
Office Suite save as otherwise mentioned |
and shall also provide during
normal weekday business hours (8.45 am to 5.45 pm) or such other
reduced hours as the Licensor may direct during public holiday
periods and between Christmas and the New Year:-
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4.1.7 |
heating and air conditioning |
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4.1.9 |
telephone answering facilities |
| 4.2 |
The Licensor shall not be liable for failure to supply any of
the services where the failure is due to cause beyond the
reasonable control of the Licensor or during any period of any
necessary maintenance repair or renewal. |
The Licensee shall during the
Period of this Licence:
| 5.1 |
use the Designated Space and all furniture and equipment
therein in a reasonable manner so as not to cause damage to the
same |
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and observe the rules set out in the schedule
hereto |
| 5.3 |
indemnify the Licensor in respect of any loss or damage (other
than loss of profit or other consequential loss) suffered by the
Licensor either directly or indirectly as a result of any breach of
this clause, clause 5.1 clause 5.2 or clause 5.4 by the
Licensee. |
| 5.4 |
comply with such regulations (whether in addition or
substitution to those set out in the schedule) as the Licensor
shall from |
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