Exhibit 4.15
Date : 14 October 2021
Our Ref : LOO/240/21/#35-61
To :
TIGER BROKERS (SINGAPORE) PTE. LTD.
(Company Registration No. 201810449W) 50 Raffles Place #29-04
Singapore Land Tower Singapore 048623
Attn : Ms Wu Wei (Director)
Dear Sirs
Letter of Offer :
Unit known as #35-61, Office Tower 2
One Raffles Place, Singapore 048616 (the “Building”)
We, OUB Centre Limited (“we”, “us” or the “Landlord”) are pleased to offer you, whose particulars are more particularly described in Schedule 1 (“you” or the “Tenant”), a lease of the Premises as defined below (hereinafter called the “Lease”) on the following principal terms and conditions:
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Provided that the Gross Rent (or a proportionate apportionment thereof if the commencement date falls on a day other than the first day of a month) payable for the period from the commencement date of the Term until the end of the first complete calendar month of the Term shall be paid by you on or before the date of commencement of the Term.
You shall be liable for all taxes, duties, assessments or imposition (except our corporate income tax) including, but not limited to any GST, value added tax or such other consumption tax, by whatever name called which may be leviable or levied or imposed under any statutory provision or enactment on or in respect of the Rent, Service Charge and all other monies due and payable under this Letter of Offer and the Lease Agreement during the Term irrespective of whether such taxes or impositions are levied or imposed during the Term or retrospectively after expiry or sooner determination of the Term so long as levied or imposed in connection with any period during the Term or any period of holding over by you.
As one of the factors for determination of the amount of the Deposit payable under this Letter of Offer is that the amount of the Tenant’s paid up capital is at least $500,000.00, the Tenant shall not carry out any capital reduction exercise after the date thereof without the prior written consent of the Landlord, which consent may be subject to conditions including the requirement for additional security to be furnished.
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we may, without prejudice to any other rights or remedies, immediately cancel the agreement constituted by your acceptance of this Letter of Offer and at our option, beneficially retain for our own benefit the Deposit in lieu of all damages, costs, and loss of rent suffered by us, or apply the Deposit towards payment of all damages, costs, and loss of rent suffered by us and you shall indemnify us for all direct and indirect losses and all costs incurred by us including legal costs on an indemnity basis due to the breach by you of the terms and conditions of this Letter of Offer and/or Lease Agreement and/or arising as a result of such cancellation.
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Provided That if the Term is prematurely terminated by the Tenant after the Fitting Out Period for any reason whatsoever or this Lease is determined by the Landlord in consequence of the Tenant’s breach of any term of the Lease, then in addition to and without prejudice to any other rights or remedies of the Landlord, the Tenant shall compensate and pay to the Landlord on demand for the grant of the Fitting Out Period, an amount equivalent to the Rent and Service Charge at the rate payable hereunder for a period equivalent to the duration of the Fitting Out Period, as if the Fitting Out Period had constituted part of the Term.
The fitting out deposit or the balance thereof (after proper deductions, if any, in accordance with the Lease Agreement) shall be refunded to you without interest within the time prescribed in the Lease Agreement.
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If the Landlord wishes to:-
the Landlord may:-
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Tenant’s execution of the Lease Agreement (provided that such additional provisions or amendments do not adversely affect the commercial terms and conditions set out in this Letter of Offer)); and (c) any other deletions, additions and amendments as agreed to between the Landlord and you, within fourteen (14) days of receipt of the same from the Landlord or the Landlord’s solicitors.
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Notwithstanding the execution of the Lease Agreement by the Landlord and you, the provisions of this Letter of Offer will remain in full force and effect so far as the same are not fulfilled and/or observed and the provisions of this Letter of Offer will not merge with the Lease Agreement.
This Letter of Offer (including its attachments), and the Lease Agreement (with such amendments as may be required to reflect the terms of this Letter of Offer unless varied by written agreement between parties) constitutes the entire agreement of the parties with respect to its subject matter, and the Tenant acknowledges and confirms that it has not relied on any undertaking, warranty or representation made by or on behalf of the Landlord, oral or written, other than as expressly set out in this Letter of Offer. The parties expressly agree and declare that no further or other covenants, agreements, provisions or terms shall be deemed to be implied herein.
You shall not disclose to any third party any information in respect of or arising from or in connection with any terms, conditions or provisions of the Lease of the Premises, whether contained in this Letter of Offer or the Lease Agreement or in any separate document or in any previous or subsequent correspondence or otherwise, unless such disclosure is required by law or with our prior written consent.
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By acceptance of this Letter of Offer, a binding agreement to lease shall have been entered into between the Landlord and you for the lease of the Premises on the terms set out herein and you shall be deemed to have read and agreed to the terms of the Specimen Lease Agreement (subject to such amendments as may be required to reflect the terms of this Letter of Offer).
To accept the lease offer set out in this Letter of Offer, please let us have the following:-
A/c Name : OUB Centre Limited
Bank Name : Standard Chartered Bank (Singapore) Limited
Bank Branch : Battery Road
Bank Address : 6 Battery Road, Singapore 049909
Bank Code : 9496
Branch Code : 001
Swift Code : SCBLSG22
Account No. : 010-256-542-2 (SGD)
A/c Name : OUB Centre Limited
Bank Name : Standard Chartered Bank (Singapore) Limited
Bank Branch : Battery Road
Bank Address : 6 Battery Road, Singapore 049909
Bank Code : 9496
Branch Code : 001
Swift Code : SCBLSG22
Account No. : 010-256-542-2 (SGD)
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This offer shall lapse if it is not accepted by the time and date specified in Schedule 1, in the above manner unless an extension of time has been requested by you and agreed by us in writing.
Yours faithfully
/s/ Ng Lay Pheng (Ms)
General Manager
For OUB CENTRE LIMITED (Co. Regn No. 198002010D)
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To: OUB Centre Limited
1 Raffles Place,
#08-00 One Raffles Place Singapore 048616
Attn: Ms Ng Lay Pheng
ACCEPTANCE OF OFFER OF LEASE
I/We, TIGER BROKERS (SINGAPORE) PTE. LTD. (Company/Business Registration No. 201810449W), hereby unconditionally accept the Landlord’s offer of the Lease of 1 Raffles Place #35- 61 One Raffles Place Tower 2 Singapore 048616 on the above stated terms and conditions and in accordance with clause 17 of this Letter of Offer, enclose:
Date: 1 NOV 2021
/s/ Eng Thiam Choon
Authorised signatory for and on behalf of the Tenant
Name: Eng Thiam Choon
Designation: CEO
Rubber Stamp: TIGER BROKERS (SINGAPORE) PTE. LTD.
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SCHEDULE 1
THE PARTICULARS
The Tenant | Name of Tenant: | TIGER BROKERS (SINGAPORE) PTE. LTD. |
| Company Registration No: | 201810449W |
| Registered Address: | 50 Raffles Place #29-04 Singapore Land Tower Singapore 048623 |
Clause 1.1 | Premises | All that premises in Tower 2 of the Building known as #35-61 as shown and edged in red on the annexed plan annexed as Attachment 1. |
Clause 1.1 |
Floor Area |
9,709 square feet |
Clause 2.1 |
Term |
Five (5) years from 1 July 2022 to 30 June 2027, both dates inclusive. |
Clause 2.2 | Renewal Term | Three (3) years |
Clause 3.1 |
Rent |
(1) $87,381.00 per month, calculated at the rate of $9.00 per square foot per month for the period 1 July 2022 to 30 June 2025; and (2) $90,293.70 per month, calculated at the rate of $9.30 per square foot per month for the period 1 July 2025 to 30 June 2027,
Plus GST at the prevailing rate. |
| Service Charge | $9,709.00 per month, calculated at the rate of $1.00 per square foot per month
Plus GST at the prevailing rate. |
Clause 5.1 |
Deposit |
$321,008.67 or such other sum that is equivalent to three (3) months’ Gross Rent inclusive of the GST component as if GST is chargeable thereon. |
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Clause 7.1 | Fitting Out Period | Four (4) month(s) commencing from the FOP Start Date. |
| FOP Start Date | 1 March 2022 |
Clause 8.1 |
Permitted Use of Premises |
As an office for the business of the Tenant |
Clause 10.3(a) |
Allocated Lot(s) |
Two (2) allocated lots and one (1) temporary lot |
Clause 12.2 | Estimated Stamp Duty | $18,864.00 |
Clause 17 |
Offer will lapse on |
20 October 2021 at 5 p.m. |
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Attachment 1
FLOOR PLAN OF PREMISES
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Attachment 2
SPECIMEN LEASE AGREEMENT
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