Dated day of 2006 TRINTECH GROUP PLC CYRIL McGUIRE SURRENDER OF TRINTECH PHASE II BUILDING SOUTH COUNTY BUSINESS PARK A & L GOODBODY
Exhibit 4.51
Dated day of 2006
XXXXX XxXXXXX
SURRENDER
OF
TRINTECH PHASE II BUILDING
SOUTH COUNTY BUSINESS PARK
A & L GOODBODY
THIS INDENTURE is dated the day of 2006 and made between:
| (1) | TRINTECH GROUP PLC having its registered office at Xxxxx Xxxxxx Xxxxxxxx Xxxx, Xxxxxxxxxxxx, Xxxxxx 00 (hereinafter called the Tenant which expression shall where the context so admits or requires include the Tenant’s successors) of the one part and |
| (2) | XXXXX XxXXXXX of |
(hereinafter called the Landlord which expression shall where the context so admits include the Landlord’s executors, administrations and assigns) of the other part.
WHEREAS:
| A. | By a Lease (hereinafter called the Lease) dated 30 August 2001 and made between Xxxxx and Xxxx XxXxxxx of the one part and the Tenant of the other part the premises described in the Schedule hereto (hereinafter called the Premises) and intended to be hereby surrendered were demised unto the Tenant for the term of 25 years from 1 April 2001 subject to the initial yearly rent of IR£674,100 thereby reserved and to the covenants on the part of the Tenant and conditions therein contained. |
| B. | The interest of Xxxxx and Xxxx XxXxxxx is now vested in Xxxxx XxXxxxx. |
| C. | The Tenant has requested the Landlord to accept a surrender of all its estate, right, title and interest in the Premises which the Landlord has agreed to do subject to payment by the Tenant to the Landlord of €1,353,000 (one million three hundred and fifty three thousand Euro). |
| 1. | NOW THIS INDENTURE WITNESSETH as follows: |
In pursuance of the said agreement and in consideration of the sum of €1,353,000 (one million three hundred and fifty three thousand Euro) paid by the Tenant to the Landlord (the receipt whereof the Landlord hereby acknowledges) and in consideration of the release of the Tenant from its obligations and liabilities on foot of the covenants and conditions contained in the Lease the Tenant as beneficial owner HEREBY ASSIGNS AND SURRENDERS unto the Landlord ALL THAT AND THOSE the Premises TO HOLD the Premises unto the Landlord for all the residue now unexpired of the term of years created by the Lease TO THE INTENT that the Tenant’s estate and interest in the Premises may henceforth merge in the reversions expectant thereon and by that means become extinguished and be at an end.
| 2. | IT IS HEREBY CERTIFIED as follows: |
| 2.1. | That the instrument is a surrender of property, or of a right or interest in property, not being a surrender on a sale. |
2
| 2.2. | That Section 29 (conveyance on sale combined with building agreement for dwellinghouse/apartment) of the Stamp Duties Consolidation Act, 1999, does not apply to this instrument. |
IN WITNESS whereof the Common Seal of the Tenant has been hereunto affixed and the Landlord has caused its common seal to be hereunto affixed the day and year first herein WRITTEN.
SCHEDULE
(the Premises)
ALL THAT the hereditaments and premises know as Trintech Phase II, South County Business Park being part of the land comprised in an Indenture dated 25th day of November 1998 and made between the Industrial Development Authority of one part and the Xxxxx and Xxxx XxXxxxx of the other part as more particularly described in the Lease.
PRESENT when the Common Seal
of THE TENANT was affixed
hereto:
SIGNED SEALED AND DELIVERED
by THE LANDLORD
in the presence of:
3
