A licence to use workspace, granted under section 52 of the Indian Easements Act, 1882. This Agreement does not create a lease, a tenancy, or any estate or interest in immovable property.
This Agreement is made at Bengaluru, Karnataka on 1 April 2026.
BETWEEN
Novo Workspaces Private Limited, a private limited company incorporated under the Companies Act, 2013, bearing registration number U74999KA2018PTC112233, having its registered or principal office at X, GSTIN 29AABCU9603R1ZM (the "Operator", which expression includes its successors and permitted assigns);
AND
Harbourline Analytics LLP, an individual, bearing registration or PAN number X, having its address at X, GSTIN X, contactable at X, acting through its authorised signatory X (the "Member", which expression includes its successors and permitted assigns).
The Operator and the Member are each a "Party" and together the "Parties".
A. The Operator operates a shared serviced workspace known as Novo Works, Indiranagar at X (the "Centre"), at which it provides workspace and associated facilities to a number of users at the same time.
B. The Operator is in possession and control of the whole Centre and manages it as a single serviced facility. It has not agreed, and does not agree by this Agreement, to part with possession of any part of it.
C. The Member wishes to use workspace at the Centre on the terms recorded below, and the Operator is willing to permit that use.
NOW IT IS AGREED AS FOLLOWS:
1.1 This Agreement grants the Member a personal, non-exclusive and non-transferable licence to use the Workspace and the shared facilities of the Centre during the Access Hours. It does not grant a lease, tenancy, sub-tenancy, or any estate or interest in the Centre or any part of it.
1.2 The Operator retains legal possession and control of the whole Centre, including the Workspace. The Operator and its staff may enter any part of the Centre at any time for security, cleaning, maintenance, inspection, safety or statutory compliance. No part of the Centre is delivered into the exclusive possession of the Member.
1.3 The Member acknowledges that it may be relocated within the Centre under Clause 9, that it holds no right to any particular desk, cabin or suite beyond what this Agreement gives it, and that the Parties do not intend rent control or tenancy protection legislation to apply to this arrangement.
1.4 If any provision of this Agreement is capable of being read as creating a tenancy, it shall be read down so as to give effect to Clauses 1.1 and 1.2. The Parties record that the substance of their bargain, and not the label on this document, will determine its character in law, and that they have drafted this Agreement so that the substance and the label agree.
2.1 The Operator permits the Member to use the following at the Centre (the "Workspace"): one or more unreserved seats in the open workspace, available on a first-come basis (hot desk).
2.2 The maximum number of persons who may use the Workspace at any one time is 4.
The Workspace is presently identified as Cabin C-07. This identification is for administrative convenience only and is subject to Clause 9.
2.3 Access Hours. The Member may use the Workspace during business hours, being 9:00 a.m. to 7:00 p.m. from Monday to Friday, excluding public holidays (the "Access Hours"). The Operator may close the Centre, or restrict access to parts of it, for maintenance, statutory holidays, or reasons beyond its reasonable control, and shall give the Member as much notice as the circumstances allow.
2.4 Access cards, keys, fobs and login credentials issued to the Member remain the Operator's property, are personal to the individuals to whom they are issued, and shall not be shared. The Member shall report any loss immediately and pay the Operator's published replacement charge.
3.1 This Agreement begins on 2 April 2026 (the "Commencement Date") and runs for an initial period of one month (the "Initial Term").
3.2 Renewal. On expiry of the Initial Term, this Agreement renews automatically for successive periods equal to the Initial Term, unless either Party gives written notice not to renew at least the Notice Period before the renewal date, provided that the aggregate of the Initial Term and all renewals shall not exceed eleven months, after which the Parties shall sign a fresh agreement.
3.3 The Monthly Fee is fixed for the Initial Term.
On each renewal the Operator may increase the Monthly Fee by not more than 7% over the Monthly Fee then payable, by written notice given not less than 30 (thirty) days before the renewal date. If the Member does not accept the increase, the Member may end this Agreement with effect from the renewal date by written notice given before that date, and no early exit amount shall be payable.
3.4 Any change to the Monthly Fee that is not expressly provided for in this Agreement requires the written agreement of both Parties.
4.1 The Member shall pay the Operator a fee of ₹45,000 (Rupees Forty Five Thousand only) per month (the "Monthly Fee") for the Workspace and the services described in Clause 5.
4.2 Goods and Services Tax. The Parties record that the Monthly Fee is exclusive of Goods and Services Tax, which the Member shall pay in addition, against a valid tax invoice. The supply of workspace and associated services for business use is a taxable supply of service. The Operator shall issue a tax invoice compliant with the Central Goods and Services Tax Act, 2017 and the rules made under it, carrying the Operator's GSTIN and, where the Member has provided one, the Member's GSTIN, so that the Member may claim input tax credit to the extent it is entitled to do so. The Operator shall notify the Member in writing of its registration status under the Goods and Services Tax law and of any change to it; where the Operator is not registered and the Member is, the Member may be liable to account for tax on the reverse charge basis and shall be entitled to the Operator's cooperation in doing so.
4.3 Deduction of tax at source. Where the Member is required by law to deduct tax at source on any amount payable under this Agreement, it may do so, shall deposit the amount deducted within the time allowed by law, and shall furnish the Operator with the certificate of deduction. Deduction shall be made on the consideration for the supply and not on the Goods and Services Tax component where that component is shown separately on the invoice. A deduction properly made and evidenced by a certificate discharges the Member to that extent.
4.4 The Monthly Fee is payable in advance on or before the 1st (first) day of each month. Where the Commencement Date is not the first day of a month, the fee for that month shall be pro-rated on a daily basis.
4.5 The Member shall pay all amounts due without set-off, counterclaim or deduction, except a deduction required by law under Clause 4.3.
Any amount not paid when due shall carry simple interest at 1.5% per month, calculated from the due date until payment, without prejudice to the Operator's other rights.
Payment shall be made by electronic transfer to: Novo Workspaces Private Limited, A/c 001234567890, HDFC Bank, Indiranagar branch, IFSC HDFC0000123.
4.6 The Member is not liable to pay any amount that is not expressly provided for in this Agreement, in the House Rules, or in a tariff notified to the Member in writing in advance.
5.1 The Monthly Fee includes, during the Access Hours: use of the Workspace with a desk and chair; electricity and air-conditioning; the Operator's shared internet connection; use of the common areas, pantry and washrooms; housekeeping of the Centre and of the Workspace; reception and mail-receiving services during business hours; and the maintenance and security of the Centre.
The Monthly Fee also includes: unlimited filter coffee and tea; one locker per seat; two hours of phone-booth use per day.
5.2 Meeting rooms. Meeting rooms are booked through the Operator's booking system and are subject to availability. Meeting-room use is chargeable except to the extent an allowance is recorded in this Agreement.
The Member has an allowance of 10 hours of meeting-room use per month. Unused hours do not carry forward.
Meeting-room use beyond any included allowance is chargeable at ₹600 (Rupees Six Hundred only) per hour.
Where no rate is recorded in this Agreement, chargeable use is billed at the Operator's published tariff as notified to the Member in advance.
5.3 Printing. Printing and copying are chargeable at the Operator's published tariff, except to the extent an allowance is recorded in this Agreement.
The Member has an allowance of 300 printed pages per month, which does not carry forward. Printing beyond the allowance is billed at the Operator's published tariff.
5.4 The Monthly Fee does not include: dedicated internet lines or leased circuits; storage beyond that provided at the Workspace; event or auditorium space; courier and postage; and any other service the Operator notifies in advance as chargeable. Chargeable extras are billed monthly in arrears together with the tax invoice.
5.5 The Operator shall use reasonable efforts to keep utilities and the internet connection available, but does not warrant uninterrupted service. Where a failure within the Operator's reasonable control renders the Workspace substantially unusable for more than 3 (three) consecutive business days, the Monthly Fee shall abate proportionately for the period of unavailability.
6.1 The Member shall pay the Operator a refundable security deposit of ₹90,000 (Rupees Ninety Thousand only) (the "Security Deposit") on or before the Commencement Date. The Security Deposit carries no interest and is not an advance payment of the Monthly Fee.