Common use of DEMISE AND RENTS Clause in Contracts

DEMISE AND RENTS. THE Landlord in consideration of the rents herein reserved (including the adjustments thereof following any Rent Review as hereinafter provided) and the covenants on the part of the Tenant and the Guarantor and the conditions hereinafter contained HEREBY DEMISES unto the Tenant the Demised Premises TOGETHER WITH the rights, easements and privileges specified in Schedule 2 EXCEPTING AND RESERVING the rights and easements specified in Schedule 3 TO HOLD the Demised Premises unto the Tenant from and including the Term Commencement Date for the Term YIELDING AND PAYING unto the Landlord or the Management Company (or any nominee of either in the case of any contribution to a sinking or reserve fund) as appropriate during the Term:- 3.1 yearly and proportionately for any fraction of a year, the Initial Rent and from and including each Rent Review Date, such yearly rent as shall become payable under and in accordance with the provisions of Schedule 4 and in each case to be paid by electronic funds transfer (or some other form of payment if requested by the Landlord, acting reasonably, during the Term and agreed with the Tenant) by equal quarterly payments in advance on the Quarterly Xxxx Days without any deduction, set-off or counterclaim whatsoever; 3.2 The Tenant’s due proportion of the sums (including the cost of periodic valuations for insurance purposes, provided that such valuations do not occur more than once in any twelve (12) month period) which the Landlord shall from time to time be required to pay for insuring the Building against the Insured Risks pursuant to Clause 6.1 all such sums to be paid within 30 (thirty) days of written demand the first payment to be made on the execution hereof and to be such amount as has been advised to the Tenant prior to the delivery of this Lease (the Tenant’s due proportion to be calculated on the basis of the proportion which the Floor Area of the Demised Premises bears to the total Floor Area of the Building); and 3.3 the Tenant’s Service Charge to be paid in accordance with the provisions hereof.

DEMISE AND RENTS. THE Landlord in consideration of the rents herein reserved (including the adjustments increases thereof following any Rent Review which may arise as hereinafter provided) and the covenants on the part of the Tenant and the Guarantor and the conditions hereinafter contained HEREBY DEMISES unto the Tenant the Demised Premises TOGETHER WITH the rights, ancillary rights and easements and privileges specified in the Second Schedule 2 but EXCEPTING AND RESERVING the rights and easements specified in the Third Schedule 3 TO HOLD the Demised Premises unto the Tenant from and including the Term Commencement Date for the Term SUBJECT TO all rights, easements, privileges, covenants, restrictions and stipulations of whatsoever nature affecting the Demised Premises YIELDING AND PAYING unto the Landlord or the Management Company (or any nominee of either in the case of any contribution to a sinking or reserve fund) as appropriate during the Term:-Term; 3.1 yearly Yearly and proportionately for any fraction of a year, year the Initial Rent and and, from and including each Rent Review DateDate (as defined in the Fourth Schedule), such yearly rent as shall become becomes payable under the Fourth Schedule, and in accordance with every case the provisions of Schedule 4 and in each case same is to be paid by electronic funds transfer (or some other form of payment if requested in the manner notified from time to time by the Landlord, acting reasonably, during the Term and agreed with the Tenant) Landlord by equal quarterly payments in advance on the Quarterly Xxxx Days without any deduction, set-off or counterclaim whatsoeverDays; 3.2 The Tenant’s due proportion of the All sums (including the cost of periodic valuations for insurance purposes, provided that such valuations do not occur more than once in any twelve (12) month period) which the Landlord shall may from time to time be required to pay for insuring the Building Demised Premises against the Insured Risks pursuant and other matters referred to Clause 6.1 in clause 5.3, all such sums to be paid within 30 (thirty) days of written demand the first payment to be made on the execution hereof and to be such amount as has been advised to the Tenant prior to the delivery of this Lease (the Tenant’s due proportion to be calculated on the basis of the proportion which the Floor Area of the Demised Premises bears to the total Floor Area of the Building); anddemand; 3.3 Any other sum recoverable by the Tenant’s Service Charge Landlord as costs or expenses under this Lease, the same to be paid in accordance with the provisions hereofon demand.

DEMISE AND RENTS. THE Landlord in consideration of the rents herein reserved (including the adjustments increases thereof following any Rent Review which may arise as hereinafter provided) and of the Tenant being or immediately applying to become a member of the Management Company if incorporated and the covenants on the part of the Tenant and the Guarantor and the conditions hereinafter contained HEREBY DEMISES and the Building Management Company does hereby DEMISE AND CONFIRM unto the Tenant the Demised Premises TOGETHER WITH the rights, easements and privileges specified in Schedule 2 Demised Easements but EXCEPTING AND RESERVING the rights and easements specified in Schedule 3 Reserved Easements TO HOLD the Demised Premises unto the Tenant from and including the Term Commencement Date for the Term SUBJECT TO all rights, easements, privileges, covenants, restrictions and stipulations of whatsoever nature affecting the Demised Premises YIELDING AND PAYING unto the Landlord or and/or the Management Company (or any nominee of either in as the case of any contribution to a sinking or reserve fund) as appropriate may be during the Term:- 3.1 yearly and proportionately for any fraction of a year, the Initial The Rent and from and including each Rent Review Date, such yearly rent as shall become payable under and in accordance with the provisions of Schedule 4 and in each case to be paid by electronic funds transfer (or some other form of payment if requested by the Landlord, acting reasonably, during the Term and agreed with the Tenant) by equal quarterly payments in advance on the Quarterly Xxxx Days without any deduction, set-off or counterclaim whatsoever;Days. Such Rent being inclusive of Service Charge and Rates payable hereunder but excludes the Tenant’s insurance contribution payable under clause 3.2. 3.2 The Tenant’s due In addition to the Rent the Tenant shall be obliged to pay a proportion of the sums (including the cost of periodic valuations for insurance purposes, provided that such valuations do not occur more than once in any twelve (12) month period) which extracted by the Landlord shall from time to time be required to pay for insuring the Building against the Insured Risks pursuant to Clause 6.1 all such sums to be paid within 30 (thirty) days of written demand the first payment to be made on the execution hereof and to be such Building. The amount as has been advised to payable by the Tenant prior to in respect of such insurance shall be based upon the delivery pro-rata calculation of this Lease (the Tenant’s due proportion to be of the Estate occupied by the Tenant calculated on the basis of the proportion which the Floor Area square footage of the Demised Premises bears to the total Floor Area described as a percentage of the Building); and 3.3 square footage of the Estate being of 25.04 per cent.1 1 FOD Comment: Please furnish evidence of the calculation of the due proportion payable by the Tenant’s Service Charge to be paid in accordance with the provisions hereof.

DEMISE AND RENTS. THE Landlord in In consideration of the rents herein hereinafter reserved (including the adjustments thereof following any Rent Review as hereinafter provided) and of the covenants on the part of the Tenant and the Guarantor and the conditions hereinafter contained HEREBY DEMISES the Landlord hereby demises unto the Tenant all those the Demised Premises TOGETHER WITH together with the rights, easements and privileges rights (but not including any right or easement unless the same be expressly herein referred to) specified in the Second Schedule 2 EXCEPTING AND RESERVING but except and reserving unto the Landlord and all other persons authorised by the Landlord the easements and rights and easements other matters specified in the Third Schedule 3 TO HOLD to hold the Demised Premises same unto the Tenant for a term of years from the 26th day of February 2001 until the 24th day of March 2001 and thereafter for a term of TWENTY YEARS from and including the Term Commencement Date 25th day of March 2001 SUBJECT to the covenants conditions stipulations exceptions reservations easements and other matters referred to or contained in the documents referred to in the Fifth Schedule and subject also to all rights and easements quasi- easements or reputed easements and privileges belonging to or enjoyed by any adjacent or neighbouring property which may be necessary or convenient for the Term YIELDING AND PAYING unto the Landlord or the Management Company (or any nominee of either in the case of any contribution to a sinking or reserve fund) as appropriate enjoyment thereof yielding and paying therefor during the Term:- 3.1 yearly Term and proportionately for any fraction of a year, year in each case without any deduction whatsoever) the Initial Rent and rents following that is to say FIRST from and including each Rent Review Date, such the 26th day of February 2001 the clear yearly rent as shall become payable under and in accordance with of SEVEN HUNDRED AND THIRTY ONE THOUSAND FOUR HUNDRED AND FORTY EIGHT POUNDS ((Pounds)731,448.00) per annum exclusive (subject to the provisions of Schedule 4 and in each case for review herein contained) to be paid by electronic funds transfer (or some other form of payment if requested by the Landlord, acting reasonably, during the Term and agreed with the Tenant) in advance by equal quarterly payments in advance on the Quarterly Xxxx Days without any deduction, set-off or counterclaim whatsoever; 3.2 The Tenant’s due proportion usual quarter days in every year the first of such payments being the sums (rent from and including the cost 26th day of periodic valuations for insurance purposes, provided that such valuations do not occur more than once in any twelve (12) month period) which February 2001 to the Landlord shall from time to time be required to pay for insuring the Building against the Insured Risks pursuant to Clause 6.1 all such sums to be paid within 30 (thirty) days of written demand the first payment usual quarter day then next succeeding then to be made on the execution hereof 26th day of February 2001 SECONDLY within seven days of a written demand the moneys referred to in Clause 3.2 THIRDLY within seven days of a written demand the moneys referred to in Clause 3.7 FOURTHLY the moneys referred to in Clause 7 FIFTHLY within seven days of written demand all costs charges and expenses which the Landlord may from time to be such amount as has been advised time incur in connection with or in procuring the remedying of any breach by the Tenant of any of the covenants on the part of the Tenant contained in this Lease and SIXTHLY within seven days of a written demand all costs incurred by the Landlord in complying with its covenant under Clause 5.1 and also in effecting or maintaining insurance in respect of the public liability of the Landlord arising out of or in connection with any matter involving or relating to the Tenant prior to the delivery of this Lease (the Tenant’s due proportion to be calculated on the basis of the proportion which the Floor Area of the Demised Premises bears to the total Floor Area of the Building); and 3.3 the Tenant’s Service Charge to be paid in accordance with the provisions hereof.Premises

DEMISE AND RENTS. THE Landlord in IN consideration of the rents herein and covenants hereinafter reserved and contained the Landlord HEREBY DEMISES to the Tenant the Premises TOGETHER WITH (including in common with the adjustments thereof following any Rent Review as hereinafter providedLandlord and all others from time to time entitled thereto) and for the covenants on the part benefit of the Tenant its successors in title servants agents and the Guarantor visitors and the conditions hereinafter contained HEREBY DEMISES unto the Tenant the Demised Premises TOGETHER WITH the rights, easements and privileges specified in Schedule 2 EXCEPTING AND RESERVING all others from time to time entitled to like or similar rights the rights and easements specified set out in Part 2 of the First Schedule to the Head Lease insofar as they relate to the Premises and the rights set out in Schedule 2 of this Lease EXCEPTING AND RESERVING unto the Landlord the persons for the time being entitled to any interest or interests reversionary (whether immediate or mediate) upon the Landlord's interest and all other persons entitled to the same the rights and easements excepted and reserved by the Headlease and Superior Lease insofar as they relate to the Premises and the rights set out in Schedule 3 of this Lease TO HOLD the Demised Premises same unto the Tenant for the term of five years from and including the Term Commencement Date for ("the Term Term") YIELDING AND PAYING unto therefor to the Landlord or throughout the Management Company term by way of rent:- FIRSTLY the annual rent of THREE HUNDRED AND TWENTY SEVEN THOUSAND AND FIFTEEN POUNDS (or any nominee of either in the case of any contribution £327,015) plus VAT (subject to a sinking or reserve fund) as appropriate during the Term:- 3.1 yearly and proportionately for any fraction of a year, the Initial Rent and from and including each Rent Review Date, such yearly rent as shall become payable under and review on 18 July 2001 in accordance with clause 8 of the provisions Head Lease as incorporated by clause 5.2 of Schedule 4 and in each case this Lease) such rent to be paid by electronic funds transfer (or some other form of payment if requested by the Landlord, acting reasonably, during the Term and agreed with the Tenant) by equal quarterly payments in advance on the Quarterly Xxxx Days usual quarter days in every year without any deduction, set-deduction or set off or counterclaim whatsoever; 3.2 The Tenant’s due proportion of the sums (including the cost of periodic valuations except for insurance purposes, provided that such valuations do not occur more than once in any twelve (12) month period) which the Landlord shall from time to time be required to pay for insuring the Building against the Insured Risks pursuant to Clause 6.1 all such sums to be paid within 30 (thirty) days of written demand by statute the first payment of such payments or a proportionate part thereof to be made on the execution hereof and to be such amount as has been advised Rent Commencement Date for the period from the Rent Commencement Date to the next succeeding quarter day SECONDLY any other sums which may become due from the Tenant prior to the delivery Landlord under the provisions of this Lease THIRDLY by way of further rent the Value Added Tax (the Tenant’s due proportion or any tax of a similar nature that may be substituted for it or levied in addition to be calculated on the basis it) (by reason of an election of a Landlord or otherwise) in respect of the proportion which rents first and secondly and thirdly reserved (except in so far as the Floor Area of Landlord is able to recover the Demised Premises bears to the total Floor Area of the Building); and 3.3 the Tenant’s Service Charge same as input tax) to be paid by equal quarterly payments in accordance with advance on the provisions hereofusual quarter days.

DEMISE AND RENTS. THE The Landlord in consideration of the rents herein reserved (including the adjustments increases thereof following any Rent Review as hereinafter provided) and the covenants on the part of the Tenant and the Guarantor and the conditions hereinafter contained HEREBY DEMISES unto the Tenant the Demised Premises TOGETHER WITH the rights, easements and privileges specified in the Third Schedule 2 EXCEPTING AND RESERVING the rights and easements specified in the Fourth Schedule 3 SUBJECT TO all rights, easements, quasi-easements, privileges, covenants, restrictions and stipulations of whatsoever nature affecting the Demised Premises TO HOLD the Demised Premises unto the Tenant from and including the Term Commencement Date for the Term YIELDING AND PAYING unto the Landlord or the Management Company (or any nominee of either in the case of any contribution to a sinking or reserve fund) as appropriate during the Term:- 3.1 yearly and proportionately for any fraction of a year, the Initial Rent and from and including each Rent Review Date, such yearly rent as shall become payable under and in accordance with the provisions of the Fifth Schedule 4 and in each case to be paid by electronic funds transfer (or some other form at the option of payment if requested by the Landlord, acting reasonablywhich said option may be exercised on any number of occasions) either by standing order, during the Term and agreed with the Tenant) direct debit, credit transfer or cheque by equal quarterly payments in advance on the Quarterly Xxxx Days without any deduction, set-off or counterclaim whatsoever; 3.2 The Tenant’s due proportion the Building Due Proportion of the all sums (including the cost of periodic valuations for insurance purposes, provided that such valuations do not occur more than once in any twelve (12) month period) which the Landlord shall from time to time be required to pay for insuring the Building against the Insured Risks pursuant to Clause 6.1 6.1. (including the whole of the sums which the Landlord shall from time to time pay for insuring against loss of rent and the other amounts referred to in Clause 6.1.6.), all such sums to be paid within 30 (thirty) days of written on demand the first payment to be made on the execution hereof and to be such amount as has been advised to the Tenant prior to the delivery of this Lease (the Tenant’s due proportion to be calculated on the basis of the proportion which the Floor Area of the Demised Premises bears to the total Floor Area of the Building); andLease; 3.3 the Tenant’s Building Due Proportion of the Building Service Charge to be paid on demand in accordance with clause 8; 3.4 the provisions hereof.Car Park Due Proportion of the Car Park Service Charge to be paid on demand in accordance with clause 9; 3.5 the Scheme Due Proportion of the Scheme Service Charge to be paid on demand in accordance with clause 10;

DEMISE AND RENTS. THE Landlord in consideration of the rents herein reserved (including the adjustments thereof following any Rent Review as hereinafter provided) and the covenants on the part of the Tenant and the Guarantor and the conditions hereinafter contained HEREBY DEMISES unto the Tenant ALL THAT the Demised Premises TOGETHER WITH the rights, easements and privileges rights specified in Schedule schedule 2 EXCEPTING AND RESERVING exercisable in Common (except in relation to the right granted in paragraph 4 of schedule 2) with the Landlord and all others with its authority or otherwise from time to time entitled thereto EXCEPT and RESERVED unto the Landlord and all other persons authorised by it from time to time during the Term or otherwise from time to time entitled thereto the easements and rights and easements specified in Schedule schedule 3 TO HOLD the Demised Premises unto the Tenant from (together with and including the Term Commencement Date except and reserved as aforesaid) for the Term SUBJECT to all rights easements covenants stipulations and other matters affecting the same YIELDING AND PAYING unto the Landlord or the Management Company (or any nominee of either in the case of any contribution to a sinking or reserve fund) as appropriate during the Term:- 3.1 therefor: FIRSTLY yearly and proportionately for any fraction part of a year, year the Initial rent reserved and made payable in schedule 4 by equal quarterly payments to be made in advance on the usual quarter days in every year the first such payment to be made on the date hereof SECONDLY as additional rent yearly and proportionately for any Service Period the Service Rent and from and including each Rent Review Date, such yearly rent as shall become payable under and in accordance with the provisions of Schedule 4 and in each case to be paid by electronic funds transfer (or some other form of payment if requested by clause 6 including the Landlord, acting reasonably, during the Term and agreed with the Tenant) Interim Sum on account by equal quarterly payments to be made in advance on the Quarterly Xxxx Days without any deduction, set-off usual quarter days in every year the first such payment or counterclaim whatsoever; 3.2 The Tenant’s due proportion a proportionate part of it (being a proportionate part of the sums (including initial Interim Sum from the cost date hereof to the first anniversary of periodic valuations for insurance purposes, provided that such valuations do not occur more than once in any twelve (12) month period) the date from which the Landlord shall from time to time be required to pay for insuring Term is calculated after deduction of the Building against quarterly instalments of the Insured Risks pursuant to Clause 6.1 all such sums to be paid within 30 (thirtyinitial Interim Sum payable on the intervening usual quarter days) days of written demand the first payment to be made on the execution date hereof and THIRDLY as additional rent from time to time the Insurance Rent payable on demand FOURTHLY any other monies (excluding interest) falling due for payment by the Tenant to the Landlord under this lease AND FIFTHLY as additional rent all VAT for which the Landlord is or may become liable to account to H.M. Customs & Excise (or other relevant body to whom account has for the time being to be such amount as has been advised made) on the supply by the Landlord to the Tenant prior to the delivery of this Lease (the Tenant’s due proportion to be calculated on the basis of the proportion which the Floor Area of the Demised Premises bears to the total Floor Area of the Building); and 3.3 the Tenant’s Service Charge to be paid under or in accordance connection with the provisions hereof.of this lease of the interest created by it and of any other supplies whether of goods or services such rent fifthly reserved to be due for payment contemporaneously with the other rents or sums to which it relates

DEMISE AND RENTS. THE Landlord in consideration of the rents herein reserved (including the adjustments increases thereof following any Rent Review which may arise as hereinafter provided) and the covenants on the part of the Tenant and the Guarantor and the conditions hereinafter contained HEREBY DEMISES unto the Tenant the Demised Premises TOGETHER WITH the rights, ancillary rights and easements and privileges specified in the Third Schedule 2 but EXCEPTING AND RESERVING the rights and easements specified in the Fourth Schedule 3 TO HOLD the Demised Premises unto the Tenant from and including the Term Commencement Date for the Term SUBJECT TO all rights, easements, privileges, covenants, restrictions and stipulations of whatsoever nature affecting the Demised Premises YIELDING AND PAYING unto the Landlord or the Management Company (or any nominee of either in the case of any contribution to a sinking or reserve fund) as appropriate during the Term:-Term: 3.1 yearly Yearly and proportionately for any fraction of a year, year the Initial Rent and and, from and including each Rent Review DateDate (as defined in the Fifth Schedule), such yearly rent as shall become becomes payable under the Fifth Schedule, and in accordance with every case the provisions of Schedule 4 and in each case same is to be paid by electronic funds transfer (or some other form of payment if requested in the manner notified from time to time by the Landlord, acting reasonably, during the Term and agreed with the Tenant) Landlord by equal quarterly payments in advance on the Quarterly Xxxx Days without any deduction, set-off or counterclaim whatsoeverDays; 3.2 The Tenant’s a percentage or due proportion (equivalent to the same percentage or due proportion of the Expenditure which is used to determine the Service Charge) of all sums (including the cost of periodic valuations for insurance purposes, provided that such valuations do not occur insurances purposes which shall be carried out no more than once in any twelve (12) month periodevery two years) which the Landlord shall may from time to time be required to pay for insuring the Building Estate against the Insured Risks pursuant and other matters referred to in Clause 6.1 5.4 all such sums to be paid within 30 (thirty) days of written demand the first payment to be made on the execution hereof and to be such amount as has been advised to the Tenant prior to the delivery of this Lease (the Tenant’s due proportion to be calculated on the basis of the proportion which the Floor Area of the Demised Premises bears to the total Floor Area of the Building); anddemand; 3.3 the Tenant’s Service Charge to be paid within 14 days of demand in accordance with Clause 8. 3.4 Any other sum recoverable by the provisions hereofLandlord as costs or expenses under this Lease, the same to be paid on demand.

DEMISE AND RENTS. THE Landlord in In consideration of the rents herein reserved (including the adjustments thereof following any Rent Review as hereinafter provided) by this lease and the covenants on your part we demise the part Premises to you for the Contractual Term yielding and paying therefor by way of the Tenant and the Guarantor and the conditions hereinafter contained HEREBY DEMISES unto the Tenant the Demised Premises TOGETHER WITH the rightsrent: first, easements and privileges specified in Schedule 2 EXCEPTING AND RESERVING the rights and easements specified in Schedule 3 TO HOLD the Demised Premises unto the Tenant [from and including the Term Commencement Date for to and including the Term YIELDING AND PAYING unto day preceding the Landlord or the Management Company Rent Commencement Date a peppercorn (or any nominee of either in the case of any contribution to a sinking or reserve fundif demanded) as appropriate during the Term:- 3.1 yearly and proportionately for any fraction of a year, the Initial Rent and thereafter] from and including each the Rent Review Date, such yearly rent as shall become Commencement Date the Yearly Rent payable under and in accordance with the provisions of Schedule 4 and in each case to be paid by electronic funds transfer (or some other form of payment if requested by the Landlord, acting reasonably, during the Term and agreed with the Tenant) by equal quarterly payments in advance on the Quarterly Xxxx Days without any deductionusual quarter days the first such payment in respect of the period from and including the Rent Commencement Date until and including the day preceding the quarter day next following to be made on the Rent Commencement Date; secondly, set-off within 7 days of receipt of written demand, by way of further rent, an amount equal to the costs and expenses which we from time to time incur in effecting and maintaining insurance pursuant to clause 4.3 or counterclaim whatsoever; 3.2 The Tenant’s (if the Premises are insured with other premises on the Estate) a due proportion of the sums all costs and expenses which we from time to time incur in effecting and maintaining such insurance (including including, without limitation, the cost of periodic valuations for insurance purposes); thirdly, provided that such valuations do not occur more than once the service charge calculated and payable in any twelve (12) month period) which accordance with schedule 4 by equal quarterly instalments in advance on the Landlord shall from time to time be required to pay for insuring the Building against the Insured Risks pursuant to Clause 6.1 all such sums to be paid within 30 (thirty) usual quarter days of written demand the first such payment to be made on the execution hereof date of this lease in respect of the period from the Term Commencement Date until the day preceding the quarter day next following; fourthly, on demand interest at 4% per year above the base rate of HSBC Bank PLC on any sum which is overdue after its due date calculated (both before and after any judgment) from the due date until payment; fifthly, all VAT payable in respect of any sum payable under this lease to be such amount as has been advised payable contemporaneously with the sum to which it relates; sixthly, the Tenant prior to the delivery of this Lease (the Tenant’s due proportion to be calculated on the basis of the proportion which the Floor Area of the Demised Premises bears to the total Floor Area of the Building); and 3.3 the Tenant’s Service Charge to be paid Rent Deposit and any sums payable in accordance with schedule [7]; seventhly, any other sum due to us under the provisions hereofterms of this lease. The rights set out in schedule 2 are granted to you and the rights set out in schedule 3 are excepted and reserved for us and all persons authorised by us. This lease is granted subject to all easements, quasi easements and rights affecting the Premises. [The Yearly Rent will be subject to review on the Review Date in accordance with schedule 6.] You covenant with us throughout the Term: To pay the rents reserved by this lease on the days and in the manner set out in clause 2 (by standing order if requested) without deduction or set-off.

DEMISE AND RENTS. THE The Landlord in consideration of the rents herein reserved (including the adjustments thereof following any Rent Review as hereinafter provided) and the covenants on the part of the Tenant and the Guarantor and the conditions hereinafter contained HEREBY DEMISES unto the Tenant the Demised Premises with full title guarantee TOGETHER WITH the rights, rights and easements and privileges specified in Schedule 2 EXCEPTING the first schedule EXCEPT AND RESERVING the rights and easements specified in Schedule 3 the second schedule SUBJECT TO and with the benefit of all rights easements quasi-easements privileges covenants restrictions and stipulations of whatsoever nature affecting the Premises and contained or referred to in the fifth schedule TO HOLD the Demised Premises unto the Tenant for a term of 25 years from and including the Term Commencement Date for the Term 17 February 2010 YIELDING AND PAYING unto the Landlord or the Management Company (or any nominee by way of either in the case of any contribution to a sinking or reserve fund) as appropriate rent during the Term:-Term: 3.1 yearly and proportionately for any fraction of a year, year the Initial Rent sum of £13,541,595 (exclusive of Value Added Tax) and from and including each Review Date such Rent Review Date, such yearly rent as shall become payable under and in accordance with the provisions of Schedule 4 and the third schedule in each case to be paid to the Landlord (by electronic funds transfer (or some other form of payment banker’s standing order if requested by the Landlord, acting reasonably, during the Term and agreed with the TenantLandlord so requires) by equal quarterly payments in advance on each Quarter Day in every year the Quarterly Xxxx Days without any deduction, set-off or counterclaim whatsoeverfirst payment being a proportionate sum in respect of the period from and including the Rent Commencement Date to the day immediately preceding the next Quarter Day to be made on the Rent Commencement Date; 3.2 The Tenant’s a due proportion to be fairly and properly determined by the Landlord of the all sums (including including, without limitation, Insurance Premium Tax and the cost of periodic valuations for insurance purposes, purposes provided that such valuations do not occur more than once in any twelve (12per year) month period) payable to the Head Landlord by way of reimbursement of insurance premiums which the Landlord shall from time to time be is required to pay for insuring as tenant under the Building against the Insured Risks pursuant to Clause 6.1 all such sums Head Lease, to be paid to the Landlord within 30 (thirty) days five Working Days of written demand the first payment to be made on the execution hereof and to be such amount as has been advised to the Tenant prior to the delivery of this Lease (the Tenant’s demand; 3.3 a due proportion to be calculated on fairly and properly determined by the basis Landlord of the proportion costs incurred by the Landlord pursuant to clause 6.1.1 and the insurance premiums incurred by the Landlord pursuant to clauses 6.1.3, 6.1.4 and 6.1.5 within five Working Days of written demand; 3.4 a sum equal to any amount which may be deducted or disallowed by the Floor Area insurers in relation to any Insured Risk pursuant to the excess provision in the Landlord’s or the Head Landlord’s insurance policy for the Premises upon settlement or adjudication of any claim to be paid to the Landlord on written demand (save where such deduction or disallowance results from any act or default of the Demised Premises bears Landlord or the Head Landlord in breach of the Landlord’s or the Head Landlord’s insurance policy); 3.5 the moneys referred to in clauses 4.2 and 4.29 to be paid to the total Floor Area of the Building)Landlord as therein provided; and 3.3 the Tenant’s Service Charge 3.6 any other moneys which are by this Lease stated to be recoverable as rent in arrear to be paid to the Landlord when specified in accordance with the provisions hereofthis Lease or if not so specified on written demand.

DEMISE AND RENTS. THE Landlord in In consideration of the rents herein hereby reserved (including the adjustments thereof following any Rent Review as hereinafter provided) and of the covenants on the part of the Tenant and the Guarantor and the conditions Surety hereinafter contained the Landlord HEREBY DEMISES unto the Tenant the Demised Premises TOGETHER WITH together with the rights, easements rights in common with the Landlord and privileges any other tenants and occupiers of the Building and other persons properly authorised by them specified in Part 1 of the First Schedule 2 EXCEPTING EXCEPT AND RESERVING unto the Landlord and any mortgagee and all other persons entitled or properly authorised by it the rights and easements specified in Part 2 of the First Schedule 3 and so far as the same now affect the Premises and are still subsisting and capable of being enforced SUBJECT TO AND WITH THE BENEFIT OF the matters referred to in the property and charges registers of title number XXX000000 and in the documents referred to in the Sixth Schedule TO HOLD the Demised Premises unto the Tenant from and including the Term Commencement Date for the Term YIELDING AND PAYING therefor unto the Landlord or the Management Company (or any nominee of either in the case of any contribution to a sinking or reserve fund) as appropriate yearly during the Term:- 3.1 yearly Term and proportionately so in proportion for any fraction less period than a year the following rents:- FIRST: From and including the Rent Commencement Date until and excluding the Rental Uplift Date the sum of a year, the Initial Rent and pounds ((pounds) ) per annum from and including each the Rental Uplift Date and to excluding the First Rent Review Date, Date the sum of pounds ((pounds) ) per annum thereafter during the Term such yearly rent as shall become may be payable under and in accordance with the provisions of the Third Schedule 4 and (the rent so specified or as increased as aforesaid hereinafter called the "Principal Rent") such rent in each case to be paid by electronic funds transfer (or some other form of payment if requested by the Landlord, acting reasonably, during the Term and agreed with the Tenant) by equal quarterly payments in advance on the Quarterly Xxxx Days without any deduction, set-off or counterclaim whatsoever; 3.2 The Tenant’s 25th March 24th June 29th September and 25th December in every year the first such payment (being the proportionate payment due proportion in respect of the sums (including period from the cost of periodic valuations for insurance purposes, provided that such valuations do not occur more than once in any twelve (12Rent Commencement Date to the quarter day next following) month period) which the Landlord shall from time to time be required to pay for insuring the Building against the Insured Risks pursuant to Clause 6.1 all such sums to be paid within 30 (thirty) days of written demand the first payment to be made on the execution hereof Rent Commencement Date SECONDLY: From and to including the Term Commencement Date or the date of occupation if earlier the Insurance Rent which shall be such amount as has been advised to the Tenant prior to the delivery paid without deduction or abatement within fourteen days of this Lease (the Tenant’s due proportion to be calculated on the basis of the proportion which the Floor Area of the Demised Premises bears to the total Floor Area of the Building); and 3.3 the Tenant’s demand therefore THIRDLY: The Service Charge to be paid Payable in accordance with the provisions hereof.of the Fourth Schedule FOURTHLY: Interest as shall be required to be paid pursuant to this Lease which shall be paid at the time of payment of the sum bearing the interest and FIFTHLY: Any VAT payable on the rents hereby reserved

DEMISE AND RENTS. THE The Landlord in consideration at the request of the rents herein reserved (including Guarantor DEMISES the adjustments thereof following any Rent Review as hereinafter provided) and Premises to the covenants on Tenant TOGETHER WITH for the part benefit of the Tenant Tenant, and others authorised by it at any time during the Guarantor and Term or otherwise entitled to exercise them, the conditions hereinafter contained HEREBY DEMISES unto the Tenant the Demised Premises TOGETHER WITH the rights, easements and privileges rights specified in Part II of Schedule 2 EXCEPTING AND RESERVING 1 EXCEPT and RESERVED to the Landlord, and other persons authorised by it at any time during the Term or otherwise entitled to exercise them, the rights and easements specified in Schedule 3 Part III of schedule 1 TO HOLD the Demised Premises unto to the Tenant from and including the Term Commencement Date for the Term YIELDING AND PAYING unto the Landlord or the Management Company (or any nominee of either in the case of any contribution SUBJECT to a sinking or reserve fund) as appropriate during the Term:-all existing rights, obligations and other matters affecting them, 3.1 yearly Yearly and proportionately for any fraction part of a year, until the Initial Rent Commencement Date a peppercorn (if demanded) and thereafter until the Review Date the Yearly Rent and from and including each Rent thereafter the Review DateRent, such yearly rent as shall become payable under and in accordance with the provisions of Schedule 4 and in each case to be paid by electronic funds transfer (or some other form of payment if requested by the Landlord, acting reasonably, during the Term and agreed with the Tenant) by equal quarterly payments in advance on the Quarterly Xxxx Days without any deductionusual quarter days in every year, set-off or counterclaim whatsoever; 3.2 The Tenant’s due proportion of the sums (including the cost of periodic valuations for insurance purposes, provided that such valuations do not occur more than once in any twelve (12) month period) which the Landlord shall from time to time be required to pay for insuring the Building against the Insured Risks pursuant to Clause 6.1 all such sums to be paid within 30 (thirty) days of written demand the first payment of the Yearly Rent or a proportionate part of it (being a proportion from and including the Rent Commencement Date to and excluding the first quarter day thereafter) to be made on the execution hereof Rent Commencement Date; 3.2 The Insurance Rent, payable on demand; 3.3 Interest payable on demand, at the Stipulated Rate on any sum owed to the Landlord pursuant to the Tenant’s obligations, whether or not as rent, which is not received by the Landlord on the due date (or, in the case of money due only on demand, within fourteen days after the date of demand), calculated for the period commencing on the due payment date and to be such amount as has been advised ending on the date the sum (and the interest) is received by the Landlord; and 3.4 All VAT for which the Landlord is or may become liable on the supply by the Landlord to the Tenant prior to in connection with this lease or the delivery interest created by it and of this Lease (the Tenant’s due proportion to be calculated on the basis any other supplies, whether of the proportion which the Floor Area of the Demised Premises bears to the total Floor Area of the Building); and 3.3 the Tenant’s Service Charge goods or services, such VAT to be paid in accordance with at the provisions hereofsame time as the other rents or sums to which it relates.

DEMISE AND RENTS. THE 3.1 The Landlord lets and Capital Letters takes the Premises together with the Rights and Easements for the Term and peaceably holds and enjoys the Premises during the Term without any interruption by the Landlord or any person rightfully claiming under or in trust for him or by title paramount in consideration of the rents herein reserved Rent which shall be payable as follows:- 3.1.1 Capital Letters will use its reasonable endeavours to make the first Rent payment within [fifteen Working Days] of the first Rent Payment Date following the commencement of the Lease. 3.1.2 The second and each subsequent payment shall be made [weekly/monthly/annually] in [advance/arrears] on each Rent Payment Date. 3.1.3 If there is any excess payment of Rent for any period or periods the Landlord shall pay the excess to Capital Letters within 5 Working Days of demand or (if the Landlord wishes or no payment is received) Capital Letters shall deduct the excess against the next monthly rental payment or payments due to the Landlord. 3.2 The Landlord warrants that he has full power and authority to grant this Lease and that all necessary consents and for the avoidance of doubt including the adjustments thereof following any Rent Review as hereinafter providedmortgagees and superior landlords (if appropriate) and permissions have been obtained 3.3 [The Landlord hereby confirms and acknowledges that it has on or prior to the date hereof received from Capital Letters the Incentive Payment.] 4 Capital Letters' covenants 4.1 Capital Letters covenants on with the part of Landlord as follows:- 4.1.1 To use the Tenant and the Guarantor and the conditions hereinafter contained HEREBY DEMISES unto the Tenant the Demised Premises TOGETHER WITH the rights, easements and privileges specified in Schedule 2 EXCEPTING AND RESERVING the rights and easements specified in Schedule 3 TO HOLD the Demised Premises unto the Tenant from and including the Term Commencement Date only for the Term YIELDING AND PAYING unto the Landlord or the Management Company (or any nominee purpose of either in the case of any contribution to a sinking or reserve fund) as appropriate during the Term:- 3.1 yearly and proportionately for any fraction of a year, the Initial Rent and from and including each Rent Review Date, such yearly rent as shall become payable under and providing temporary housing accommodation in accordance with the provisions of Part VII of the Housing Xxx 0000 [and/or the provision of a tenancy as a private rental sector offer under sections 193 (7AA – 7AC) Housing Xxx 0000 in discharge of a local authority's main homelessness duty] or paragraph 6 of Schedule 4 1 of the Housing Xxx 0000 (as amended) or the Homelessness Reduction Xxx 0000 to provide temporary accommodation and / or assistance to applicants who are assessed as homeless or threatened with homelessness as appropriate by granting a Sub Tenancy under a Tenancy Agreement and for the avoidance of doubt the Capital Letters shall not at any time occupy the Premises itself. 4.1.2 Not to underlet the Premises other than to a Sub Tenant by way of Tenancy Agreement. 4.1.3 To impose a condition in each case the Tenancy Agreement that Sub Tenant keeps the Premises clean and tidy (fair wear and tear excepted) throughout the term of the Tenancy Agreement. 4.1.4 [Not to assign this Lease without the written consent of the Landlord (such consent not to be paid unreasonably withheld or delayed) OR Capital Letters shall not at any time be entitled to assign this Lease except in the following circumstances: (a) to any other local authority with the prior written consent of the Landlord not to be unreasonably withheld or delayed (b) To any Registered Provider (“RP”) if by electronic funds transfer operation of legislation Capital Letters shall be required to transfer, devolve or assign its obligations for the provision of temporary housing accommodation to any such RP provided that in the event of such an assignment the assignee shall agree to be bound by all the terms of the Lease and if the assignee shall not so agree then Capital Letters shall be entitled at any time thereafter to determine this lease by giving to the Landlord two months' notice in writing] 4.1.5 To permit the Landlord to enter the Premises on [prior written reasonable] notice (except in case of emergency) to inspect the condition of the Premises and or some to execute the Landlord’s Works 4.1.6 Not to make any alterations or additions to the Premises without the Landlord’s prior written consent (such consent not to be unreasonably withheld or delayed). 4.1.7 To pay the Rent as set out in Clause 4 above. 4.1.8 Upon expiry of the Term or earlier determination peacefully to yield up the Premises with vacant possession 5.1 The Landlord covenants with Capital Letters as follows:- 5.1.1 At the commencement of the Lease to provide a surveyor’s report in confirmation that the Premises meets the standards required by Capital Letters setting out the state of repair and condition of the Premises including Installations. 5.1.2 To pay all existing and future tax assessments and outgoings imposed or charged upon the Premises other form of payment if requested than those to be borne by the LandlordTenant under the Tenancy Agreement 5.1.3 To comply with all statutory provisions and obligations imposed by law in regard to the use and occupation of the Premises (for the avoidance of doubt all aspects of Health and Safety requirements) and to indemnify Capital Letters against all actions claims demands and expenses which may be brought made or incurred against or by Capital Letters in consequence of such non-compliance 5.1.4 Not to do or permit anyone in his service including any subcontractor to act in any manner as may infringe the provisions of Human Rights Xxx 0000 or constitute an act of discrimination against any person 5.1.5 Not at any time during or after the Term without the agreement in writing of the Capital Letters divulge any details of any Sub Tenant to any person other than to persons approved in writing by Capital Letters 5.1.6 To comply with every duty policy and guidance notified to the Landlord by Capital Letters relating to Capital Letters' obligations to the Sub Tenant in respect of the Premises 5.1.7 To fit and maintain smoke detectors to the living room, acting reasonably, hall and such other areas as may be required during the Term and agreed Term 5.1.8 To deliver to Capital Letters two full sets of keys to the Premises 5.1.9 To notify Capital Letters in writing of any conveyance transfer dealing with the Tenant) by equal quarterly payments in advance on the Quarterly Xxxx Days without disposition of or grant of any deduction, set-off or counterclaim whatsoever; 3.2 The Tenant’s due proportion interest out of the sums (including Landlord’s interest in the cost Premises and send to Capital Letters a certified copy of periodic valuations for insurance purposes, provided any relevant instrument effecting such a transaction Provided that such valuations do not occur more than once in any twelve (12) month period) which the Landlord shall from time not dispose of his interest to time be required to pay for insuring a person or body who is not capable of complying with the Building against Landlord’s Covenants herein contained without the Insured Risks pursuant to Clause 6.1 all such sums to be paid within 30 (thirty) days written consent of written demand Capital Letters 5.1.10 To observe and perform the first payment to be made on the execution hereof covenants and to be such amount as has been advised to the Tenant prior to the delivery conditions of this Lease (the Tenant’s due proportion to be calculated on the basis any head lease and superior lease in respect of the proportion which the Floor Area of the Demised Premises bears to the total Floor Area of the Building); and 3.3 the Tenant’s Service Charge to be paid in accordance with the provisions hereof.Premises