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Office Lease — 12 Clerkenwell Road

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Clauses

1. Premises

Standard (default)
accepted

2. Rent

Standard (default)
Stepped rent
accepted
Note: Stepped rent reflects our growth plan — lower cost in year one when we are still scaling.

3. Service Charge

Standard (default)
accepted

4. Permitted Use

Standard (default)
accepted

5. Break Clause

Mutual break (default)
Tenant-only break
accepted
Note: We need tenant-only break flexibility given market uncertainty.

6. Repair Obligations

Full repairing (default)
Schedule of condition
accepted
Note: Schedule of condition protects us from legacy building issues.

Approval

You (owner)

✓ Approved

Counterparty

✓ Approved

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