Brokerage Fee Adjustment Clause

1. Brokerage Entitlement
   The Brokerage Fee payable to the Broker/Agent (“Broker”) is contingent upon the Client’s continued occupancy and compliance with the terms of the Agreement, including but not limited to payment obligations and lock-in period commitments.
2. Client Default or Early Termination
   In the event that the Client:

a) Vacates or terminates the Agreement prior to completion of the agreed lock-in period;
b) Fails to make timely payment of rent, maintenance charges, or any other dues payable under the Agreement;
c) Becomes insolvent, bankrupt, or ceases operations; or
d) Commits any material breach resulting in termination of the Agreement,

such occurrence shall be deemed a “Client Default Event.”

3. Right to Adjust Brokerage
   Upon the occurrence of a Client Default Event, the Company (Nextcoworks) shall have the absolute right to recalculate and proportionately adjust the Brokerage Fee corresponding to the unexpired portion of the lock-in or committed term.
4. Recovery Mechanism
   The Company shall be entitled to recover and adjust such excess or unearned Brokerage Fee from the Client’s Security Deposit prior to any refund.
5. No Further Liability
   The Broker agrees and acknowledges that the adjusted Brokerage Fee, as determined by the Company, shall be final and binding, and the Company shall not be liable for any additional brokerage payments for the unfulfilled tenure.
6. Indemnity (Optional but Recommended)
   The Broker shall ensure that Clients introduced are bona fide and financially capable. In case of repeated Client Default Events from the same Broker, the Company reserves the right to review, suspend, or terminate its association with the Broker.
7. Dispute Resolution
   Any dispute arising out of or in connection with this clause shall be subject to the jurisdiction of courts located in the respective City, and the decision of the Company shall prevail unless adjudicated otherwise.