Licence Agreement

Licence Start Date 6th February 2025 Comments

Virtual Office Premium Package

Centre The Apex Plymouth

Monthly Licence Fee £50 +VAT Licensee

Product Virtual Office Company name Titan Recruitment (South) ltd
Centre Address The Apex, Brest Road, Derriford Business
Registered Number 11872823
Park, PL6 5FL

Titan Recruitment (South) ltd,

I confirm Direct Debit has been set up Address 28 Cowick Street,
for the monthly fee. Exeter, EX4 1AL
Telephone 01392 407200
Grantor
Email leigh.ablett@trsrecruit.co.uk
Company Name Venator Capital Limited

Registered Number 05868912 Licensee's Invoicing Address

Address Wilson House, 2 Lorne Park Road, Company name Titan Recruitment (South) ltd
Bournemouth, Dorset BH1 1JN
Titan Recruitment (South) ltd,
Address 28 Cowick Street, Exeter, EX4 1AL
Bank Details

Account name Venator Capital Limited Contact name Leigh Ablett

Sort code 09-02-22 Telephone 01392 407200

Account number 10858538 Email accounts@trsrecruit.co.uk

Signed for and on behalf of the Grantor Signed for and on behalf of the Licensee

Lauren Lyons Name Jeremy Richard Andrews

Name
Position Director
Position Community Manager

Date Date 05 / 02 / 2025

05 / 02 / 2025
Signature Signature

Venaspace Services are those services and facilities provided by the

Grantor under Virtual Office Services.

Licence period: Refers to the period commencing with the licence

Start Date on a monthly rolling basis.

Terms and Conditions: the Venaspace Terms and Conditions annexed

to this Licence.

The Licensee has read and understood the Terms and Conditions overleaf and agrees to be bound by them and the Licensor agrees to provide the
services and facilities as mentioned overleaf
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 Virtual Office Licence Agreement
These Terms and Conditions accompany your licence agreement, “page 1”.

1. Provision of Services and Facilities

1.1 We will provide you with access to and use of the Services for the License Period during normal business hours.
1.2 We will provide you with such additional services as agreed between us at the rates set out in the specific license terms.

2. License Period
2.1 The term of this Agreement is for the License Period, which shall not be less than 3 months.
2.2 The Agreement may be terminated at the end of the Period of Agreement by either party on the giving of not less than 1 calendar
months written notice to the other party. The Period of Agreement will automatically extend by a further 1 months until written notice of
termination is given to expire at the end of such period.
2.3 If this Agreement continues for more than 12 months, we will be entitled to increase the Service Fee on each and every anniversary of
the Commencement Date by a minimum of 4% or RPI whichever is the greater from the previous Service Fee.

3. Termination of Agreement
3.1 We shall be entitled to terminate this Agreement forthwith upon written notice upon the following grounds:
3.1.1 Non-payment of the Service Fee or any other fees.
3.1.2 Any breach of this Agreement by you.
3.1.3 If you (being a company) enter into liquidation or shall have a receiver or an administrative receiver appointed.
3.1.4 If you (being an individual) become bankrupt or enter into a composition with your creditors or commit an act of bankruptcy.
3.2 We shall have the right to terminate this Agreement without prejudice to any right of action we may have in respect of any prior breach
by you and upon such termination you will in addition be liable to pay to us a sum equivalent to the greater of:
(i)three months of the Service Fee or
(ii) the total Service Fee relating to the unexpired License Period whichever is the greater.

4. Payment of Service Fee and other fees

4.1 The Licence Fee plus VAT is payable in advance on the dates set out in the agreement.
4.2 The Service Fee and all additional charges must be paid by direct debit.
4.3 Any Service Fee paid late will be subject to interest at the rate of 8% above the Bank of England base rate and in accordance with the
Late Payment of Commercial Debts (Interest) Act 1998. Interest will be charged from the date due to the date of payment to us in cleared
funds and a fee of £35 plus VAT will be charged in respect of each invoice paid late.
4.4 We may withhold any or all of the services and facilities whilst there are any outstanding Service Fees or if you are in breach of this
Agreement and shall be entitled to charge a reconnection fee of £50 plus VAT.

5. Performance Levels
5.1 We will perform the services specified for the level of the agreed Service as set out in the agreement / marketing materials.
5.2 We will devote such time, attention and efforts as may be necessary for completing Services with reasonable care and skill.
5.3 The level of agreed Service may be reviewed from time to time as required at the request of either party.

6. Your Responsibilities
6.1 You will conduct your business activities so as not to cause any nuisance, damage or annoyance to any other occupier of the Centre or
cause loss or damage to us or the owner or other occupiers of the Centre.
6.2 You shall comply with any regulations we notify you of in connection with the Centre and comply with the fair use policy in connection
with shared use internet services.
6.3 You shall not carry out any activities which would conflict with or adversely affect in any way the business of other occupiers of the
Centre.
6.4 You shall not be entitled to assign transfer or sublet and shall not share the Premises or part with possession of the whole or any part
of the Premises with any third party.
6.5 You shall indemnify us against all losses, claims, demands, actions, proceedings, damages, costs or expenses or other liability arising
from your occupation and use of the Premises and your failure to comply with your obligations under this Agreement.

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 Virtual Office Licence Agreement
7. Our Rights and Responsibility
7.1 We shall be responsible for:
7.1.1 the provision of the agreed Services
7.1.2 payment of the rates and outgoings in respect of the Centre
7.2 We will not be liable for any loss incurred by you as a result of us failing to provide any of the Services as a result of the non-availability
of such Services due to repair or maintenance, breakdown, strike, delay or failure of any staff within the Centre to perform their duties
(unless acting with gross negligence and with intent) or any other matter beyond our reasonable control.
7.3 Venaspace and Royal Mail will not permit post redirection services from the business address under any circumstances.
7.4 Venaspace reserve the right to cease Services to you without notice if it feels that the address is being used for immoral or illegal
purposes.
7.5 In the event that we are unable to provide the Services at the Centre we will endeavour to accommodate your requirements within the
locations and facilities
available to us, but will not be responsible or liable for any business loss during any reorganising process and in the event that no alternative
accommodation can be found this Agreement will end automatically and you will be liable for Service Fees up to the date of termination.

8. General Provisions
8.1 We shall only be liable for losses damages or claims incurred by you arising as a result of our direct negligent act or default and shall not
be liable for loss of business, profits, damage to data, third party loss or consequential loss or loss caused by any third party supplier.
8.2 All notices by either party must be in writing and in the case of notices to you will be deemed to be properly delivered to you if delivered
to you at the Premises.
8.3 You acknowledge that in entering into this Agreement you have not relied on any statement or representation made by us.
8.4 This Agreement shall be governed by English Law.

9. Data Protection Act 1998

9.1 Under the Data Protection Act of 1998 we reserve the right to appoint third party suppliers, debt collection and tracing agents in the
event of any future default or any breach of any terms or conditions.

10. Money Laundering Regulations 2003 and the Proceeds of Crime Act 2002
10.1 We operate our business in accordance with the above regulations and if necessary will make such inquiries as may be deemed
appropriate from time to time and may report any unusual transactions to the appropriate authorities. Proper forms of identification (e.g.
passport) will therefore be required.

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 Sign Audit trail

VO Premium - Titan Recruitment (South) ltd

Title

File name
Titan_Recruitment_VO_licence__1_.pdf

Document ID
798df846d3f059b2d2cb41e2c58e975b92460a3a
Audit trail date format
DD / MM / YYYY
Status Signed

05 / 02 / 2025 Sent for signature to Lauren (lauren@venaspace.com) and

16:42:35 UTC Leigh Ablett (leigh.ablett@trsrecruit.co.uk) from
becca@venaspace.com
IP: 62.69.53.180

05 / 02 / 2025 Viewed by Lauren (lauren@venaspace.com)

16:42:54 UTC IP: 62.69.53.180

05 / 02 / 2025 Signed by Lauren (lauren@venaspace.com)

16:43:08 UTC IP: 62.69.53.180

05 / 02 / 2025 Viewed by Leigh Ablett (leigh.ablett@trsrecruit.co.uk)

16:46:42 UTC IP: 38.242.176.113

05 / 02 / 2025 Signed by Leigh Ablett (leigh.ablett@trsrecruit.co.uk)

16:47:37 UTC IP: 38.242.176.113

05 / 02 / 2025 The document has been completed.

16:47:37 UTC

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