BUSINESS LEASE

THIS LEASE (this "Lease") dated: 13/03/2026

BETWEEN:

Collective Bournemouth Ltd of 7 Westover Road

Telephone: 07850 373093

(the "Landlord")

OF THE FIRST PART

- AND -

Shane Feltham of Collective Bournemouth Ltd

(the "Tenant")

OF THE SECOND PART



IN CONSIDERATION OF the Landlord leasing certain premises to the Tenant, the Tenant leasing those premises from the Landlord and the mutual benefits and obligations set forth in this Lease, the receipt and sufficiency of which consideration is hereby acknowledged, the Parties to this Lease (the "Parties") agree as follows:

Definitions

1. When used in this Lease, the following expressions will have the meanings indicated:

a."Additional Rent" means all amounts payable by the Tenant under this Lease except Base Rent, whether or not specifically designated as Additional Rent elsewhere in this Lease;

b."Building" means all buildings, improvements, equipment, fixtures, property and facilities from time to time located at 687 Christchurch Rd, Boscombe, Bournemouth BH7 6AA, UK, as from time to time altered, expanded or reduced by the Landlord in its sole discretion;

c."Insurance Charge" means the cost to the Landlord of effecting and maintaining the Insurance Policies from, and including, any premiums paid and, where relevant, the cost of assessing any insured amounts;

d."Insurance Policies" means the insurance policy or policies maintained by the Landlord in respect of the Allocated Space covering damage by Insured Risks, loss of Rent, public liability and

all other insurance relating to the Building as placed by the Landlord from time to time, acting prudently;

e."Insured Risks" means fire, lightning, earthquake, explosion, aircraft (other than hostile aircraft) and other aerial devices or articles dropped from such aerial devices, riot, civil commotion, malicious damage, storm or tempest, bursting or overflowing of water tanks apparatus or pipes, flood, impact by road vehicles, terrorism (to the extent that insurance against such risks may ordinarily be arranged with an insurer of good repute at reasonable commercial rates) and such other risks or insurance as may from time to time be reasonably required by the Landlord;

f."Common Areas and Facilities" mean:

i.those portions of the Building areas, buildings, improvements, facilities, utilities, equipment and installations in or forming part of the Building which from time to time are not designated or intended by the Landlord to be let to tenants of the Building including, without limitation, exterior weather walls, roofs, entrances and exits, parking areas, driveways, loading docks and area, storage, mechanical and electrical rooms, areas above and below lettable premises and not included within lettable premises, security and alarm equipment, grassed and landscaped areas, retaining walls and maintenance, cleaning and operating equipment serving the Building; and

ii.those lands, areas, buildings, improvements, facilities, utilities, equipment and installations which serve or are for the useful benefit of the Building, the tenants of the Building or the Landlord and those having business with them, whether or not located within, adjacent to or near the Building and which are designated from time to time by the Landlord as part of the Common Areas and Facilities;

g."Lettable Area" means with respect to any rentable premises, the area expressed in square metres of all floor space including floor space of mezzanines, if any, determined, calculated and certified by the Landlord and measured from the exterior face of all exterior walls, doors and windows, including walls, doors and windows separating the rentable premises from enclosed Common Areas and Facilities, if any, and from the centre line of all interior walls separating the rentable premises from adjoining rentable premises. There will be no deduction or exclusion for any space occupied by or used for columns, ducts or other structural elements;

h."Open Market Rent" means the best rent which might reasonably be expected to be paid by a willing tenant to a willing landlord for a letting of the whole of the Allocated Space in the open market with vacant possession and without a fine or premium for the residue of the Term remaining at the date of review;

i."Rent" means the total of Base Rent and Additional Rent.

j. "The Allocated Space" refers to the specific Treatment room, nail or hair station expressly assigned to the Tenant and does not include any other part of the Allocated Space.

Intent of Lease

2. It is the intent of this Lease and agreed to by the Parties to this Lease that rent for this Lease will be on a gross rent basis meaning the Tenant will pay the Base Rent and any Additional Rent and the Landlord will be responsible for all other service charges related to the Allocated Space and the operation of the Building save as specifically provided in this Lease to the contrary.

Let Premises

3. The Landlord agrees to let to the Tenant the retail store municipally described as 687 Christchurch Rd, Boscombe, Bournemouth BH7 6AA, UK (the "Premises"). The Allocated Space are more particularly described as follows: The Lease refers to a specific Treatment room and or Hair station let to the leasee.

4. The Landlord agrees to rent to the Tenant the Allocated Space for only the permitted use (the "Permitted Use") of: General Beauty Therapy, Hairdressing. Neither the Allocated Space nor any part of the Allocated Space will be used at any time during the Term by Tenant for any purpose other than the Permitted Use, or another use within the same Use Class as defined by the Town and Country Planning (Use Classes) Order 1987, without first obtaining the prior consent of the Landlord.

5. The Allocated Space form only part of a Building. They do not include any part of the main structure, foundations, roof or exterior of that Building but they do include window frames and plate glass, doors and door frames, raised floors and suspended ceilings and the voids above and below them, light fittings and other landlord's fixtures and fittings.

6. No pets or animals are allowed to be kept in or about the Allocated Space or in any common areas in the Building containing the Allocated Space without the prior written permission of the Landlord. Upon 30 days' notice, the Landlord may revoke any consent previously given under this clause.

Term

7. The term of the Lease is a periodic tenancy commencing at 12:00 noon on 1 February 2026 and continuing on a month-to-month basis until the Landlord or the Tenant terminates the tenancy (the "Term").

8. Upon 30 days' notice, the Landlord may terminate the tenancy under this Lease if the Tenant has defaulted in the payment of any portion of the Rent when due.

9. Upon 30 days' notice, the Landlord may terminate the tenancy under this Lease if the Tenant fails to observe, perform and keep each and every of the covenants, agreements, stipulations, obligations, conditions and other provisions of this Lease to be observed, performed and kept by the Tenant and the Tenant persists in such default beyond the said 30 days' notice.

Security of Tenure

Break Clause

10. Either the Landlord or the Tenant may give to the other not less than 3 months written notice to end the Term on or after 16 March 2026. Ending the Term will not release the Parties to this Lease from their liabilities accumulated up to that date.

Rent

11. Subject to the provisions of this Lease, the Tenant will pay a base rent of £500.00, payable per month, for the Allocated Space (the "Base Rent"), without setoff, abatement or deduction. In addition to the Base Rent, the Tenant will pay for any fees or taxes arising from the Tenant's business.

12. The Tenant will pay the Base Rent on or before the first of each and every month of the Term to the Landlord.

13. The Tenant will be charged an additional amount of £25.00 for any late payment of Rent.

14. The Tenant will be given a grace period of 30 days to pay Rent before late payment fees are charged.

15. The Tenant will indemnify the Landlord for all rates, taxes, assessments, duties, charges, impositions and outgoings imposed on the Allocated Space, or any owner or occupier of it, during the Term, including all costs reasonably incurred by the Landlord in connection with appealing against the rating evaluation of the Allocated Space.

16.No acceptance by the Landlord of any amount less than the full amount owed will be taken to operate as a waiver by the Landlord for the full amount or in any way to defeat or affect the rights and remedies of the Landlord to pursue the full amount.

Rent Review

17. If the Term of this Lease is greater than five years, the Landlord and Tenant will review the Base Rent after each five-year period, which Base Rent will become effective at the commencement of the following five-year period.

18. For any rent review, the Base Rent will be calculated as being the higher of the Base Rent payable immediately before the date of review and the Open Market Rent on the date of review.

19. The rent review will assume that:

a.the Allocated Space are fit for occupation by a willing tenant;

b.the Allocated Space may be lawfully let for the Permitted Use;

c.the Landlord and Tenant have complied with their respective obligations in this Lease; and

d.if the Allocated Space have been damaged or destroyed, they have been fully repaired.

20. The rent review will disregard:

a.the fact that the Tenant, or any predecessor or subtenant, occupied the Allocated Space;

b.any goodwill attached to the Allocated Space because of the Tenant's occupation;

c.any work done to the Allocated Space that was not done pursuant to an obligation in this Lease; and

d.any activities on, or work done to, any adjoining premises.

21. If the Landlord and Tenant cannot agree on the Base Rent on the date of review, either the Landlord or Tenant may request the President of the Royal Institution of Chartered Surveyors to appoint an arbitrator to determine the Open Market Rent, in arbitration conducted in accordance with the Arbitration Act 1996, which determination will be binding on the Landlord and Tenant.

22. If the arbitrator is incapable or unwilling to act, the Landlord or Tenant may request the President of the Royal Institution of Chartered Surveyors to appoint a replacement.

23. The results of the rent review will be recorded in a memorandum that will be signed by the Landlord and Tenant.

Use and Occupation

24. The Tenant shall use and occupy only the specific room, studio, workstation or designated area allocated to them as identified in this Lease (the Allocated Space) and shall have no right to use, occupy or access any other part of the building except agreed shared areas expressly designated by the Landlord for communal use.

The Tenant shall not represent, imply or assume that they have exclusive possession of the whole premises or any area beyond the Allocated Space.

25. The Tenant shall use the Allocated Space solely for the permitted business use agreed with Collective and for no other purpose. The Tenant must conduct their business in a professional and reputable manner consistent with the ethos and community standards of Collective.

The Tenant shall not:

26. The Tenant shall comply with all applicable laws, regulations, health and safety requirements and Collective's community guidelines and operational policies as amended from time to time.

Quiet Enjoyment

27. The Landlord covenants that on paying the Rent and performing the covenants contained in this Lease, the Tenant will peacefully and quietly have, hold, and enjoy the Allocated Space for the agreed term.

Distress

28. If and whenever the Tenant is in default in payment of the Rent owed under this Lease, interest on that Rent and any value added tax in respect to that Rent, the Landlord may use the commercial rent arrears recovery (the "CRAR") procedure set out in Schedule 12 (Taking control of goods) of the Tribunals, Courts and Enforcement Act 2007 to have an enforcement agent use its enforcement power to take control of the Tenant's goods and sell them to recover that outstanding amount.

Holding Over

29. If the Tenant continues to occupy the Allocated Space without the written consent of the Landlord at the expiration or other termination of the Term, then, without any further written agreement, the Tenant will be a month-to-month tenant subject to all of the other provisions of this Lease insofar as the same are applicable to a month-to-month tenancy and a tenancy from year to year will not be created by implication of law.

Inspections and Landlord's Right to Enter

30. The Landlord and the Tenant will complete, sign and date an inspection report at the beginning and at the end of this tenancy.

31. During the Term and any renewal of this Lease, the Landlord and its agents may enter the Allocated Space to make inspections or repairs. Except where the Landlord or its agents consider it an emergency, the Landlord will provide the Tenant with written notice 24 hours prior to entering.

Signing Incentives

32. The Landlord will give, make or perform the following signing incentives: 2 Weeks free rent

Tenant Improvements

33. The Tenant will obtain written permission from the Landlord before doing any of the following:

a.painting, wallpapering, redecorating or in any way significantly altering the appearance of the Allocated Space;

b.removing or adding walls, or performing any structural alterations;

c.changing the amount of heat or power normally used on the Allocated Space as well as installing additional electrical wiring or heating units;

d.subject to this Lease, placing or exposing or allowing to be placed or exposed anywhere inside or outside the Allocated Space any placard, notice or sign for advertising or any other purpose;

e.affixing to or erecting upon or near the Allocated Space any radio or TV antenna or tower, or satellite dish; or

f.installing or affixing upon or near the Allocated Space any plant, equipment, machinery or apparatus.

Utilities and Other Costs

34. The Landlord is responsible for the payment of the following utilities and other charges in relation to the Allocated Space: electricity, natural gas, water, sewer, telephone, internet and cable.

Insurance

35. The Tenant is hereby advised and understands that the personal property of the Tenant is not insured by the Landlord for either damage or loss, and the Landlord assumes no liability for any such loss. The Tenant is advised that, if insurance coverage is desired by the Tenant, the Tenant should inquire of Tenant's insurance agent regarding a Tenant's policy of insurance.

36. The Tenant is not responsible for insuring the Landlord's contents and furnishings in or about the Allocated Space for either damage and loss, and the Tenant assumes no liability for any such loss.

37. Both the Landlord and the Tenant are responsible for insuring their respective interests and property in the Allocated Space for damage or loss for the benefit of the Tenant and the Landlord. Such insurance should include such risks as fire, theft, vandalism, flood and disaster.

38. The Tenant acknowledges that they operate their business independently and at their own risk while occupying the Allocated Space.

The Tenant shall, at their own cost, maintain in full force and effect through the Term:

With a reputable insurer, with minimum cover of not less than £1000000.

The Tenant shall be solely liable for any claim, demand, loss, injury, allegation, complaint, review, or legal proceedings arising out of or in connection with

The client shall indemnify and keep indemnified Collective, its Directors and associated entities against all claims, costs, liabilities, damages and expenses arising from matters set out above.

Abandonment

39. If at any time during the Term, the Tenant abandons the Allocated Space or any part of the Allocated Space, the Landlord may, at its option, enter the Allocated Space by any means without being liable for any prosecution for such entering, and without becoming liable to the Tenant for damages or for any payment of any kind whatever, and may, at the Landlord's discretion, as agent for the Tenant, relet the Allocated Space, or any part of the Allocated Space, for the whole or any part of the then unexpired Term, and may receive and collect all rent payable by virtue of such reletting, and, at the Landlord's option, hold the Tenant liable for any difference between the Rent that would have been payable under this Lease during the balance of the unexpired Term, if this Lease had continued in force, and the net rent for such period realised by the Landlord by means of the reletting. If the Landlord's right of reentry is exercised following abandonment of the Allocated Space by the Tenant, then the Landlord may consider any personal property belonging to the Tenant and left on the Allocated Space to also have been abandoned, in which case the Landlord may dispose of all such personal property in any manner the Landlord will deem proper in compliance with the Torts (Interference with Goods) Act 1977 and is relieved of all liability for doing so.

Legal Fees

40. All costs, expenses and expenditures including and without limitation, complete legal costs incurred by the Landlord on a solicitor/client basis as a result of unlawful detainer of the Allocated Space, the recovery of any rent due under the Lease, or any breach by the Tenant of any other condition contained in the Lease, will forthwith upon demand be paid by the Tenant as Additional Rent. All rents including the Base Rent and Additional Rent will bear interest at the rate of 12% per annum from the due date until paid.

Governing Law

41. This Agreement will be construed in accordance with and governed by the laws of England and the Parties submit to the exclusive jurisdiction of the English Courts.

Severability

42. If there is a conflict between any provision of this Lease and the applicable legislation of England (the 'Act'), the Act will prevail and such provisions of the Lease will be amended or deleted as necessary in order to comply with the Act. Further, any provisions that are required by the Act are incorporated into this Lease.

Assignment and Subletting

43. The Tenant will not assign this Lease in whole or in part, nor sublet all or any part of the Allocated Space, nor grant any license or part with possession of the Allocated Space or transfer to any other person in whole or in part or any other right or interest under this Lease (except to a parent, subsidiary or affiliate of the Tenant), without the prior written consent of the Landlord in each instance, which consent will not be unreasonably withheld so long as the proposed assignment or sublease complies with the provisions of this Lease.

44. Notwithstanding any assignment or sublease, the Tenant will remain fully liable on this Lease and will not be released from performing any of the terms, covenants and conditions of this Lease.

45. If the Lease is assigned or if the Allocated Space or any part of the Allocated Space are sublet or occupied by anyone other than the Tenant, the Landlord may collect rent directly from the assignee, subtenant or occupant, and apply the net amount collected, or the necessary portion of that amount, to the rent owing under this Lease.

46. The prohibition against assigning or subletting without the consent required by this Lease will be constructed to include a prohibition against any assignment or sublease by operation of law.

47. The consent by the Landlord to any assignment or sublease will not constitute a waiver of the necessity of such consent to any subsequent assignment or sublease.

Bulk Sale

48. No bulk sale of goods and assets of the Tenant may take place without first obtaining the written consent of the Landlord, which consent will not be unreasonably withheld so long as the Tenant and the Purchaser are able to provide the Landlord with assurances, in a form satisfactory to the Landlord, that the Tenant’s obligations in this Lease will continue to be performed and respected, in the manner satisfactory to the Landlord, after completion of the said bulk sale.

Care and Use of Premises

49. The Tenant will promptly notify the Landlord of any damage, or of any situation that may significantly interfere with the normal use of the Allocated Space.

50. The Tenant will not make (or allow to be made) any noise or nuisance which, in the reasonable opinion of the Landlord, disturbs the comfort or convenience of other tenants.

51. The Tenant will not engage in any illegal trade or activity on or about the Allocated Space.

52. The Landlord and Tenant will comply with standards of health, sanitation, fire, housing and safety as required by law.

Surrender of Premises

53. At the expiration of the lease term, the Tenant will quit and surrender the Allocated Space in as good a state and condition as they were at the commencement of this Lease, reasonable use and wear and damages by the elements excepted.

Hazardous Materials

54. The Tenant will not keep or have on the Allocated Space any article or thing of a dangerous, flammable, or explosive character that might unreasonably increase the danger of fire on the Allocated Space or that might be considered hazardous by any responsible insurance company.

Rules and Regulations

55. The Tenant will obey all rules and regulations posted by the Landlord regarding the use and care of the Building, car park and other common facilities that are provided for the use of the Tenant in and around the Allocated Space and Building.

General Provisions

56. Any waiver by the Landlord of any failure by the Tenant to perform or observe the provisions of this Lease will not operate as a waiver of the Landlord's rights under this Lease in respect of any subsequent defaults, breaches or nonperformance and will not defeat or affect in any way the Landlord's rights in respect of any subsequent default or breach.

57. This Lease will extend to and be binding upon and inure to the benefit of the respective heirs, executors, administrators, successors and assigns, as the case may be, of each party to this Lease. All covenants are to be construed as conditions of this Lease.

58. All sums payable by the Tenant to the Landlord pursuant to any provision of this Lease will be deemed to be Additional Rent and will be recoverable by the Landlord as rental arrears.

59. Where there is more than one Tenant executing this Lease, all Tenants are jointly and severally liable for each other's acts, omissions and liabilities pursuant to this Lease.

60. The provisions of Section 196 of the Law of Property Act 1925, as amended by the Recorded Delivery Services Act 1962, will apply to the giving and service of all notices and documents under or in connection with this Lease.

61. Time is of the essence in this Lease.

62. This Lease will constitute the entire agreement between the Landlord and the Tenant. Any prior understanding or representation of any kind preceding the date of this Lease will not be binding on either party to this Lease except to the extent incorporated in this Lease. In particular, no warranties of the Landlord not expressed in this Lease are to be implied.

63. The Parties do not intend for any term of this Lease to be enforceable by a person that is not party to this Lease pursuant to the Contracts (Rights of Third Parties) Act 1999.

64. The Tenant will pay the stamp duty land tax on this Lease and any amending document.

Status of Occupant

The Tenant occupies the Allocated Space as an independent business. Nothing in this agreement creates a partnership, employment, agency or joint venture between the Tenant and Collective.

The Tenant has no authority to act on behalf of Collective and must not represent themselves as an employee or agent of Collective.

The Tenant is solely responsible for their own tax affairs, client contracts, regulatory compliance, treatments, products and any claims arising from their business activities.

The Tenant shall indemnify Collective against any claim or liability arising from the Tenants business or any assertion that the Tenant was acting as an employee or representative of Collective.


IN WITNESS WHEREOF the Parties to this Lease have duly affixed their signatures under hand and seal, or by a duly authorised officer under seal executed as a deed, on this 13/03/2026.


Signed for and on behalf of

Collective Bournemouth Ltd (Landlord) by:

Nikki Andrews


Shane Feltham (Tenant)

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