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8.4 Regus hereby covenants to indemnify MG against such costs, claims, losses and demands made directly by Regus client/s against MG, or indirectly in connection with the Service Agreements which Regus enters into with its clients.

(emphasis and underling added)

23) Thus, the Petitioner-Regus agreed to 'endeavour to achieve' and exceed the estimated net turnover as projected and indicated in the business plan. In Clause-11 of the Management Agreement, Respondent agreed to enter into Agreement based on projected outflow of costs and inflow of turnover made by Petitioner- Regus in the business plan. Petitioner-Regus once again undertook to endeavour to minimize the costs and maximize the gross turnover as indicated in the business plan. Clause-11 of the Management Agreement provided thus:

11. ADHERENCE TO BUSINESS PLAN 11.1 Regus is aware that MG has agreed to enter into this Agreement, interalia, based on the projected outflow of Costs and inflow of Turnover made by Regus in the Business Plan and in the event, after three (3) years from the Date of Practical Completion, MG is not satisfied with performance of Regus, the provisions of 25,November 2025 Neeta Sawant FC-CARB-NO. 439 OF 2024 Clause 21.1 shall apply. Regus hereby confirms that during the subsistence of this Agreement, Regus shall endeavour to minimise the Costs and maximize the Gross Turnover as stated in the Business Plan.

12 Whether Marie Gold is entitled to an amount of Rs. 7,67,230/- on account of revised property taxes paid by Marie Gold retrospectively for the years 2011 -2012, 2012-2013 and 2013-2014 and also for the period from 1" April 2014 to 31 July 2014?

13 Whether Marie Gold is entitled to an amount of Rs. 1,97,935/- on account of MG Premium for the month of July 2014 due and payable by Regus? 14 Whether Marie Gold is entitled to an amount of Rs. 28,198/- on account of bad debts wrongfully debited as Cost from the Gross Turnover by Regus? 15 Whether Marie Gold is entitled to an amount of Rs. 1,07,921/-on account of bonus and Ipad Mini distributed to Regus employees and wrongfully debited as Cost from the Gross Turnover by Regus?

16 Whether Marie Gold is entitled to an amount of Rs. 16,00,798/-on account of deductions of alleged prior period expenses debited as Cost from the Gross Turnover by Regus?

17 Whether Marie Gold is entitled to an amount of Rs. 11,069/- on account of interest on delayed payment of electricity charges debited as Cost from the Gross Turnover by Regus?

18 Whether Marie Gold is entitled to an amount of Rs. 51,495/- on account of 5.5% excess common cost debited as Cost from the Gross Turnover by Regus? 19 Whether Marie Gold is entitled to an amount of Rs. 7,72,705/- on account of MG Premium for the period of January 2014 to March due and payable by Regus? 20 Whether Marie Gold is entitled to an amount of Rs. 10,00,00,000 on account of loss of goodwill and reputation and loss of opportunity due to any illegal or fraudulent acts of Regus?