COST SHARING AGREEMENT

THIS COST SHARING AGREEMENT is entered into on 05 May 2024

Between

(1)            PARTY_1_NAME whose principal place of business is at PARTY_1_ADDRESS_SINGLE_LINE (the Servicer)

(2)            PARTY_2_NAME whose principal place of business is at PARTY_2_ADDRESS_SINGLE_LINE (the Company)

Whereas

A.    The Company is seeking office and admin services to assist in the running of their business operations and the Servicer is willing to provide such services on the terms of this Agreement. The parties are entering into this Agreement pursuant to which the Servicer will perform services and activities relating to the day-to-day operations of the Company in accordance with the terms and conditions set forth therein.

B.    In order to reduce the Company’s administrative and other costs of supporting its officers and employees which are not affiliated with the Servicer, the Company intends to utilise office space at the Servicer’s offices at ADDRESS (the “Premises”) and certain administrative services provided by or on behalf of by the Servicer.

C.    The parties desire to provide for a cost-sharing arrangement relating to the Servicer’s use of certain overhead items at the Premises such as space, utilities and other administrative services.

 

It is agreed as follows:

1. Interpretation

"Agreement" means any agreement made subject to the terms and conditions below;

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