Page 1 - BUILDING LEASE

t0007164 / AG-075849

LICENSE AGREEMENT FOR SHARED DESK
PARTICULARS

1. Effective Date: 26/07/2021
Company name: TECOM INVESTMENTS FZ LLC
Address: Dubai Studio City, Commercial Building 1,4th Floor
2. 2Licensor:
Dubai 73000 UAE
Email: customercare@tecomgroup.ae
Company name: Ballerina FZ-LLC
Trade Licence No.: 20696

Address:
0
3. Licensee:
Tel No: 971507886460

Fax No:

Email: studioballerain@yahoo.com
Brand Name: Ballerina FZ-LLC

Shared Desk Unit No. SD2-47 Comprising an area of approximately 1.00 sq.ft.,
located at the Building/Development in the Master Community, as shown on the
4. Licensed Area: Licensed Area:
plan attached to this License.

Permitted Use: Co-working

Permitted Hours: 24 hours per day
Building/
Development: DMC Co-Working, Dubai, UAE

Master Community: Dubai Media City
1 Year from 20/10/2021 (the “Commencement Date”) to 19/10/2022, subject to
5. Relevant Dates: License Period:
earlier termination in accordance with this License.
6. Payments: License Fee: AED 25,000.00 plus VAT for the License Period.
The License Fee is payable in advance by 4 cheque(s) from the Commencement
Date, as set out at the Payment Schedule (Schedule 1) (all cheque(s) to be
Payment Terms: provided on the Effective Date). The Licensor may also permit payment to be
made by direct debit to the Licensor’s nominated bank account (at the Licensor’s
sole discretion).
7. Security and Fees: Security Deposit: Nil.

Other: As set out at Clause 10 of the Standard Terms and Conditions (Appendix A).

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