DATED 2nd December, 1977
MR AND XXX. X. X. XXXXXXXXX
to
XXXXXXXXX ENGINEERING
(THAME) LIMITED
L E A S E
of
Plot 0X Xxxxx Xxxxxxxxxx Xxxxxx,
Xxxxx, Xxxx.
Xxxxxxxxx and Lowndes
Thame, Oxon.
This LEASE is made the Second day of December One thousand
nine hundred and seventy seven BETWEEN XXXX XXXXX XXXXXXXXX and XXXXX XXXXXXXXX
both of 000 Xxxxx Xxxxxxx Xxxx Xxxxxxxxx in the County of Buckingham
(hereinafter called the "Lessors") of the first part and XXXXXXXXX ENGINEERING
(THAME) LIMITED whose Registered Office is situate at Xxxxxx Road Thame in the
County of Oxford (hereinafter called "the Lessee") of the second part and
XXXXXXX XXXXX XxXXXX of 10 Rectory Meadow Chinnor in the County of Oxford
(hereinafter called "the Surety") of the third part W I T N E S S E T H as
follows:
1. IN consideration of the rent hereby reserved and of the
covenants on the part of the Lessee hereinafter contained the Lessors hereby
demise unto the Lessee ALL THAT the factory Together With the Ladies' and
Gentlemens' toilets and office therein being Xxxx 0X xx xxx Xxxxx Xxxxxxxxxx
Xxxxxx Xxxxx in the County of Oxford ALL WHICH said premises are for the purpose
of identification only shown on the plan annexed hereto and thereon edged red
including (but without derogating from the generality of the foregoing and the
demise hereby made) all Landlords' fixtures and fittings therein or thereon
including all light and single phase power wiring and heating installations now
installed (which said premises and fixtures and fittings are hereinafter called
"the demised premises") Together With a right of way in common with the Lessors
and all other persons entitled thereto on foot and with or without vehicles at
all times and for all purposes connected with the use of the demised premises
over and along the strip of land seven feet six inches in width shown coloured
green on the said plan TO HOLD the demised premises unto the Lessee from the
Second day of December One thousand nine hundred and seventy seven for a term of
twenty
-2-
years (hereinafter called "the said term") yielding and paying therefor unto the
Lessors throughout the said term the yearly rent of Six thousand one hundred and
sixty pounds or such greater amount as shall be determined in accordance with
the provisions of Clause 5 hereof and so in proportion for any less part of a
year such rent to be paid without any deduction by equal quarterly payments in
advance on the usual four quarter days in every year the first of such payments
being apportioned from the 2nd day of December One thousand nine hundred and
seventy seven to the Twenty-fifth day of December One thousand nine hundred and
seventy seven to be made on the signing hereof.
2. THE Lessee hereby covenants with the Lessors in manner
following that is to say:
(1) The Lessee will pay the yearly rent hereinbefore
reserved and made payable at the times and in the manner at and in which the
same is hereby reserved and made payable without any deduction
(2) The Lessee will not do or suffer to be done
anything on the demised premises which may render any increased or extra premium
payable for the insurance of the demised premises or the said building or any
neighbouring property of the Lessors against fire or which may make void or
voidable any policy of such insurance and will reimburse the Lessors forthwith
on demand any increased or extra premium which may be payable in respect of the
demised premises or the said building or any such neighbouring property by
reason of any such thing and forthwith on demand from the Lessors or their
insurers cease from doing or suffering to be done that thing which has caused an
increased or extra premium to become payable
-3-
(3) The Lessee will from time to time and at all
times during the said term pay and discharge all rates taxes duties charges
assessments impositions outgoings and obligations whatsoever whether
parliamentary parochial municipal local or of any other description which are
now or may at any time hereafter be assessed charged or imposed upon the demised
premises or any part thereof whether alone or together with any other part of
the said building or upon the owner or occupier in respect thereof and where any
of these are for any reason paid by the Lessors the Lessee will on demand and
from time to time repay to the Lessors the amount so paid
(4) The Lessee will pay upon demand the cost of
insuring the premises in accordance with Clause 3 hereof
(5) The Lessee will in the fifth year and in every
subsequent fifth year of the said term and also in the last year thereof however
the same may be determined burn off and paint in a proper and workmanlike manner
all outside parts of the demised premises and all additions thereto and all
outbuildings and fences thereof of any nature whatsoever usually painted with
three coats of best oil and white lead paint or such other type of paint as the
Lessors shall previously approve and with every such outside painting will
polish all outside parts of the woodwork previously polished and treat with wood
preservative all outside parts previously or which ought to be so treated and
restore point and make good the brickwork outside cement stucco and stonework
where necessary and paint distemper and restore to its former condition and
appearance all such parts as were previously so treated
(6) The Lessee will in the fifth year and in every
subsequent fifth year of the said term and also in the last year thereof however
the same may be determined
-4-
burn off where necessary and paint in a proper and workmanlike manner all the
inside wood ironwork and other parts of the demised premises previously and
usually painted and all additions thereto with three coats of best oil and white
lead paint or such other type of paint as the Lessors shall previously approve
and at the same time with every such inside painting will grain varnish paper
distemper whitewash polish and colour such other parts of the inside of the
demised premises as are usually or have been previously so treated
(7) The Lessee will at the Lessee's own cost put and
from time to time and at all times during the said term keep in good and
substantial repair and condition and cleanse maintain and amend the whole of the
demised premises including but without prejudice to the generality of the
foregoing the fixtures and fittings therein and the windows window frames
thereof and the walls floors ceilings vaults foundations sewers drains
forecourts pavement lights skylights roofs fences passageways and roads and
other appurtenances with all necessary reparations cleansing and amendments
whatsoever and the demised premises so painted repaired cleansed maintained
amended and kept as aforesaid the Lessee will at the expiration or sooner
determination of the said term quietly yield up unto the Lessors together with
all additions and improvements made thereto in the meantime and all fixtures
(except tenant's and trade fixtures) now in or upon the demised premises or
which during the said term may be affixed or fastened to or upon the same
(excepting such damage by fire or in peacetime by aircraft or articles dropped
therefrom) the reinstatement whereof is covered by the insurance referred to in
Clause 3(l) hereof
(8) The Lessee will at all times during the said term
pay the cost of maintaining the roadway over the land shown coloured green and
yellow on the plan annexed
-5-
hereto and shall indemnify the Lessors in respect of any costs or charges
arising in respect thereof
(9) The Lessee will permit the Lessors and all
persons authorised by them respectively at all times during the said term during
reasonable hours in the daytime (upon previous notice in writing) to enter the
demised premises to take inventories of the fixtures and things to be yielded up
at the expiration of the term hereby granted and to view the state of repair and
condition of the demised premises and of all defects and wants of reparation
then and there found and for which the Lessee may be liable under these presents
to give or leave on the demised premises notice in writing to the Lessee and the
Lessee will within the period of two calendar months after such notice or sooner
if requisite repair and make good the same according to such notice and the
covenants in that behalf herein contained and in case the Lessee shall make
default in so doing it shall be lawful for the workmen and others employed by
the Lessors to enter on the demised premises and repair decorate and restore the
same and all expenses incurred thereby shall be paid by the Lessee to the
Lessors forthwith on demand by the Lessors
(10) The Lessee will reimburse the Lessors on demand
all fees charges costs and expenses incurred or suffered by the Lessors arising
out of or in connection with or incidental to
(a) Any application or request or proposed
application or request by the Lessee in connection with the demised premises or
any of the provisions of this Lease and whether or not the same shall be
proceeded with by the Lessee or shall be granted or refused or granted subject
to conditions
-6-
(b) Any breach of any of the covenants on
the part of the Lessee hereunder and any steps taken in contemplation of or in
connection with the preparation and service of a notice under Section 146 or 147
of the Law of Property Act 1925 (as amended) requiring the Lessee to remedy a
breach of any of the covenants herein contained notwithstanding forfeiture for
such breach shall be avoided otherwise than by relief granted by the Court or
(c) Any steps taken in contemplation of and
in connection with the preparation and service of a schedule of dilapidations
during or after the expiry or sooner determination of the said term
(11) (a) The Lessee will:
(i) not do or suffer or permit to be
done or suffered any act matter or thing on the demised premises or on those
parts of the said building and any yards and ways in respect of which the Lessee
or others have right or use as aforesaid (hereinafter called "the common parts")
which shall or may be illegal immoral noisy noisome noxious dangerous or
offensive or a nuisance damage annoyance or inconvenience to the neighbourhood
or to any public local or other authorities or to the Lessors or to any tenants
or owners or occupiers of the said building or any part thereof or any
neighbouring premises or which shall be in any way injurious to the same
(ii) not commit any wilful or
voluntary waste spoil or destruction in or upon the demised premises
(iii) not allow any sale by auction
to be held on the demised premises
-7-
(iv) not overload any of the floors
or walls of the demised premises
(v) provide all necessary dustbins
and keep the same in clean sanitary and good condition with the lids firmly on
(b) If the Lessors shall xxxxx any nuisance
which the Lessee is responsible to xxxxx the Lessee will pay all costs charges
and expenses incurred in abating such nuisance and executing all such works as
may be necessary for abating such nuisance whether or not required in obedience
to a notice served by any local or other authority or by any other person
entitled to xxxxx a nuisance
(12) (a) The Lessee will at the Lessee's own expense
do and execute all such works and things and comply with all such requirements
as under or by virtue of any existing or future Act of Parliament statutory
instrument bye-law regulation order direction or permission already passed made
or granted or hereafter to be passed made or granted (and any conditions
attaching thereto) and for the time being in force are or may be directed to be
done to the demised premises whether by the owner or occupier thereof and
whether directed by any government local sanitary gas electricity or water
supply authority or otherwise howsoever including requirements to be complied
with in respect of the user from time to time being made of the demised premises
or for the benefit of the persons employed in or about the demised premises or
in respect of any alteration or addition to the demised premises and will at all
times indemnify and keep indemnified the Lessors against any breach
non-performance or non-observance thereof and repay to the Lessors on demand any
costs charges or expenses which may be incurred by the Lessors in respect of any
such works or
-8-
requirements Provided Always that if any acts things or works are required to be
done or carried out in order to comply with this covenant the previous written
approval of the Lessors to such work shall be obtained by the Lessee
(b) The Lessee will produce to the Lessors
or the Lessors' Surveyor upon demand all such evidence as the Lessors may
require in order to be satisfied that the provisions of this subclause (12) have
been complied with
(13) The Lessee will not without the previous
approval of the Lessors in writing place or suffer to be placed on the exterior
of the demised premises any sign placard poster advertisement plate notice flag
banner or wireless or television mast or aerial or other thing and the Lessee
will if it is a condition (inter alia) of such approval on the part of the
Lessors as aforesaid comply with any directions given by the Lessors for
insurance in connection therewith or reimburse the Lessors upon demand being
made any additional premium payable by the Lessors therefor and the Lessee will
not hand place or deposit or permit to be hung placed or deposited any goods
articles or things for display sale or otherwise outside the demised premises or
on any forecourt adjoining the demised premises or the said building without the
written approval of the Lessors
(14) The Lessee will use the demised premises only as
a factory workshop or warehouse and for no other purposes whatsoever
(15) (a) The Lessee will not without the previous
consent in writing of the Lessor at any time during the said term put up erect
make or maintain or suffer to be put up erected made or maintained on the
demised premises or any part thereof any new building structure or erection or
in any way annex the demised premises or any part
-9-
thereof to any premises adjoining or make or permit or suffer to be made any
change alteration addition or excavation whatsoever in or to the demised
premises or the buildings at the time erected thereon or on any part thereof or
in the design elevation or appearance of the demised premises
(b) In the event of any breach of this
subclause (15)(a) then in addition to any other rights and powers available the
Lessors shall be at liberty to remove restore or fill up as the case may be all
such unauthorised buildings erections improvements changes alterations additions
or excavations as may then and there be found and the cost of carrying out such
work including any Solicitors' and Surveyors' fees incurred shall be repaid to
the Lessors by the Lessee forthwith on demand
(16) The Lessee will not assign transfer charge
underlet or part with the possession or occupation of the whole or any part or
parts of the premises without the consent of the Lessors such consent not to be
unreasonably withheld any assignee entering into a direct covenant with the
Lessors to observe and perform the provisions of this Lease
(17) The Lessee will permit the Lessor and his agents
at any time in the case of a proposed sale of the demised premises or of the
said building subject to and with the benefit of this Lease or in the case of a
proposed letting at any time within six calendar months before the end of the
said term or during any holding over to enter the demised premises and to affix
upon any suitable part thereof but so as not to obscure the windows of the
demised premises a notice board for selling or letting the same (with or without
any other premises) as the case may be and the Lessee will not remove or obscure
the same and will at all times throughout the said term permit all prospective
purchasers or
-10-
tenants by order in writing of the Lessors or their Agents to view the demised
premises at reasonable hours in the daytime without interruption
(18) The Lessee acknowledges that no warranty is
given or implied by the granting of these presents by the Lessors or otherwise
that the use to which the Lessee proposes now or hereafter to put the demised
premises nor any alterations or additions which the Lessee may now or hereafter
desire to carry out will not require planning permission under planning law and
the Lessee hereby further covenants to indemnify and keep indemnified the Lessor
against any costs claims actions proceedings compensation demands or charges
which may arise directly or indirectly under planning law in respect of the
demised premises
(19) If the Lessee shall make default in effecting
payment to the Lessors forthwith on demand of any moneys becoming payable by the
Lessee to the Lessors pursuant to any of the Lessee's covenants hereinbefore
contained (other than pursuant to subclause (1) of this Clause) the amount owing
may be recovered by the Lessors as liquidated damages together with interest
thereon at a rate which shall be the equivalent of one pound per centum above
the Bank of England's minimum lending rate for the time being in force (as well
after as before any judgement) calculated from the date of demand until actual
payment thereof by the Lessee
(20) The Lessee will not allow any encroachment to be
made or easement acquired under on or over the demised premises and in
particular will not allow the right of access of light from or over the demised
premises to any neighbouring property to be acquired (unless the Lessors shall
have expressly consented thereto in writing) and if (in the
-11-
absence of such consent) any encroachment or easement shall be made or
threatened to be made or if any window or opening shall be opened made or
threatened to be opened or made in any neighbouring property which if not
obstructed might by lapse of time confer the right to such access of light on
the owner of any neighbouring property will forthwith give notice thereof to the
Lessors and permit the Lessors and their servants to enter upon the demised
premises to inspect the same and will if so requested by the Lessors at their
cost do all such things as may be proper for the purpose of preventing the
making of such encroachment or the acquisition of such easement or right
including where necessary the making and maintaining of a hoarding for the
purpose of preventing the access of light to such window or opening and further
if the Lessee shall omit or neglect to do all such things as aforesaid at the
earliest possible time it shall be lawful for the Lessors their servants and
workmen to enter upon the demised premises and to do the same
(21) The Lessee will immediately upon receipt of
(a) a proposal for alteration of the
Valuation List under the Local Government Act 1948 (or any amendment or
re-enactment thereof for the time being in force) in respect of the demised
premises
(b) any notice or communication from any
local authority or other body or authority indicating the intention compulsorily
to acquire any interest in the demised premises or any part thereof or the said
building or
(c) any notice or proposal beneficially or
detrimentally affecting the demised premises send a copy of such proposal notice
or communication to the
-12-
Lessors and will if so requested by the Lessors joint with the Lessors in
opposing any such alteration of valuation or compulsory acquisition or
detrimental proposal
(22) The Lessee will in all respects comply with all
the provisions of the Factory Town and Country Planning and Public Health Acts
the Clean Air Xxx 0000 and the Rivers (Prevention of Pollution) Xxx 0000
(23) The Lessee will take such measures as may be
necessary to ensure that any effluent discharged into the drains and sewers
which belong to or are used by the demised premises in common with other
premises will not be corrosive or in any way harmful to the said drains or
sewers or cause any obstruction or deposit therein and will not discharge or
allow to be discharged any solid matter from the demised premises into the
drains or sewers as aforesaid
(24) The Lessee will not without the consent in
writing of the Lessors suspend any weight from the roof or roof trusses or use
the roof trusses of any building part of the demised premises for the storage of
goods or place or permit or suffer to be placed any weight thereon or permit any
person or persons to enter thereon save with a view to the execution of
necessary repairs and then only in such manner as to subject the roof and roof
trusses to the least possible strain
(25) The Lessee will not at any time during the said
term cause any obstruction in such parts of the estate as are used by the Lessee
in common with the Lessors or any other person similarly entitled and in
particular but without prejudice to the generality of the foregoing provision in
relation to the right of access as aforesaid provided that any
-13-
obstruction caused for the purposes of loading or unloading shall not be deemed
to be a breach of this sub-clause
(26) The Lessee will not cause any detriment to the
amenity of any dwelling in the locality by reason of noise vibration smell fumes
smoke soot as dust or grit and will as long as the road coloured xxxxx on the
said plan remains a private road not allow vehicles belonging to them or used by
any person in their employ to be parked or left unoccupied on any part of the
road coloured xxxxx
3. THE Lessors hereby covenant with the Lessee that the
Lessors will at all times during the said term (unless such insurance shall be
vitiated by any act neglect default or omission of the Lessee) insure the
demised premises and keep insured the windows and glass lights of the demised
premises against the usual risks of destruction and damage in the full value
thereof and the demised premises against loss damage by fire and in peacetime by
aircraft and articles dropped therefrom in the full reinstatement cost with some
insurance office or offices of reputed or at Lloyd's and the Lessors will
punctually pay all premiums for effecting and maintaining such insurance and
will produce such policies and the last premium receipts for inspection by the
Lessee whenever reasonably required and the Lessors will apply all money
received under the respective policies in reinstatement of such plate glass or
lights and in the case of destruction or damage by fire or in peacetime by
aircraft or articles dropped therefrom to the demised premises the Lessors will
as soon as practicable cause all money received in respect of such insurance
(other than in respect of rent and fees) to be forthwith laid out in reinstating
the demised premises
4. PROVIDED Always and it is hereby agreed and declared as
follows:
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(1) That the provisions of Section 196 of the Law of
Property Xxx 0000 as amended by the Recorded Delivery Service Xxx 0000 shall
apply to any notice under this Lease
(2) That the Lessee paying the rent hereby reserved
and performing the several covenants conditions and agreements herein contained
and on the part of the Lessee to be performed and observed shall and may
peaceably and quietly hold and enjoy the demised premises during the said term
without any lawful interruption or disturbance from or by the Lessors or any
person or persons lawfully claiming under or in trust for the Lessors
(3) That if and whenever the rent hereby reserved or
any part thereof shall be in arrear for twenty one days after the same shall
have become due (whether any legal demand therefor shall have been made or not)
or if and whenever the Lessee shall fail or neglect to perform or observe any of
the covenants conditions or agreements herein contained and on the part of the
Lessee to be performed or observed or if the Lessee or any one or more of them
(being individuals) shall become bankrupt or if the Lessee or any one or more of
them for the time being shall enter into an arrangement or composition for the
benefit of the Lessee's creditors or shall suffer any distress or execution to
be levied on the Lessee's goods or (being a Limited Company) shall go into
liquidation whether compulsory or voluntary (save for the purpose of
reconstruction or amalgamation of a solvent company) or have a Receiver
appointed or its undertaking then and in any of the said cases it shall be
lawful for the Lessors at any time thereafter and notwithstanding the waiver of
any previous right of re-entry to re-enter into and upon the demised premises or
any part thereof in the name of the whole and thereupon the said term shall
absolutely cease and determine but
-15-
without prejudice to any rights or remedies which may then have accrued to
either party against the other in respect of any antecedent breach of any of the
covenants herein contained
(4) That in case the demised premises or any part
thereof shall at any time be destroyed or so damaged by fire or in peacetime by
aircraft or articles dropped therefrom or by any other insured risk as to be
unfit for occupation or use then and in any such case (unless the insurance of
the demised premises shall have been vitiated by the act neglect default or
omission of the Lessee or either of them or unless the destruction or damage
shall be outside the cover given by the insurance which by Clause 3(l) hereof
the Lessors covenant to maintain) the rent hereby reserved or a fair and just
proportion thereof according to the nature and extent of the damage sustained
(the amount of such proportion to be determined by the Surveyor of the Lessors
whose decision shall be final and binding) shall be suspended and cease to be
payable until the demised premises shall have been reinstated
5. (1) THE Lessors may from time to time give notice in
writing to the Lessee in accordance with the provisions of this Clause requiring
the rent payable hereunder to be reviewed
(2) Such a notice may be given at any time not more
than twelve nor less than six months before the commencement of each or any of
the following years of the said term that is to say the fourth eighth twelfth
and sixteenth years thereof but not at any other time and from and after the
giving of any such notice the following provisions of this Clause shall take
effect for the purpose of reviewing the rent payable hereunder in accordance
with such notice and in such provisions the expression "the material date" shall
be construed as meaning the end of the year of the said term during which such
notice is given
-16-
(3) If the Lessors and the Lessee shall reach
agreement as to the amount of the increased rent such agreement shall be reduced
to writing and a memorandum thereof endorsed on these presents
(4) If such agreement is not reached within eight
weeks of the service of such notice the Lessors may make written application to
the President for the time being of the Royal Institution of Chartered Surveyors
to appoint a valuer to certify in writing (as an expert and not as an
arbitrator) what in his opinion is the full yearly rack rent of the premises
comprised in and demised by this Lease on the basis hereinafter mentioned and
the Lessors and the Lessee respectively will if required furnish such valuer
with all such facilities for inspection and with all such other information and
facilities as the valuer may reasonably require
(5) The full yearly rack rent is that which would be
obtainable as from the material date if this Lease were not then subsisting upon
a letting with vacant possession of the demised premises for the then residue of
the term hereby granted and on the basis that the Lessee would be obliged to
perform and observe the covenants and conditions on the part of the Lessee
herein covenanted to be performed and observed by the Lessee and disregarding
the value of any goodwill attaching to any part of the demised premises by
reason of any trade or business carried on thereon
(6) If the full yearly rack rent so agreed or
certified by the said valuer shall be greater than the rent hereinbefore
reserved and payable immediately before the material date then as from the
material date this Lease shall have effect as if the yearly rent so agreed or
certified were the rent reserved by Clause 1 hereof but if the full yearly
-17-
rack rent so agreed or certified is the same as or less than the yearly rent
hereby reserved and payable immediately before the material date the yearly rent
hereby reserved shall be unchanged
(7) The certificate of the said valuer shall be final
and binding on the Lessors and the Lessee respectively and each party shall bear
its own costs in respect of the foregoing matters and a moiety of the fees of
the said valuer
6. (1) THE expression "the Lessors" shall where the
context so admits include the reversioner for the time being expectant on the
determination of the term hereby granted
(2) The expression "the demised premises" shall where
the context so admits include the appurtenances thereof and any other building
at any time erected thereon and all additions and alterations from time to time
during the term hereby granted made thereto and all landlords' fixtures and
fittings from time to time therein and thereon
(3) The expression "the neighbouring property" shall
where the context so admits include any land or buildings thereon (whether
already or hereafter to be erected) which are capable of enjoying any of the
easements rights or other privileges over the demised premises which are in
these presents conferred thereon or reserved in respect thereof whether or not
such land or buildings now or hereafter belong to the Lessors or any other
person and whether the same are contiguous adjoining adjacent opposite or near
to the demised premises
-18-
(4) The expression "the said term" shall where the
context so admits include not only the term hereby granted but also the period
of any holding over or of any extension thereof whether by statute or at common
law.
7. THE surety in consideration of the demise hereinbefore
contained having been made at his request hereby covenants with the Lessors that
the Lessee will pay the rent hereby reserved on the days and in manner aforesaid
and will perform and observe all the Lessee's covenants hereinbefore contained
and that in case of default in such payment of rent or in the performance or
observance of such covenants as aforesaid the surety will pay and make good to
the Lessors on demand all losses damages costs and expenses thereby arising or
incurred by the Lessors PROVIDED ALWAYS and it is hereby agreed that any neglect
or forbearance of the Lessors in endeavouring to obtain payment of the rent
hereby reserved when the same becomes payable or to enforce performance of the
several stipulations herein on the Lessee's part contained and any time which
may be given to the tenant by the Lessors shall not release or exonerate or in
any way affect the liability of the surety under this covenant PROVIDED FURTHER
that in the event of an assignment of the whole of the premises demised by this
Lease the Lessors will upon production of satisfactory references accept an
alternative Surety in lieu of the said Xxxxxxx Xxxxx XxXxxx and shall if
required execute an appropriate Deed acknowledging the extinguishment of any
obligations on his part under the terms of this Lease.
-19-
IN WITNESS whereof the Lessors and Surety have set their hands and seals and the
Lessee has caused its Common Seal to be hereunto affixed the day and year first
before written.
SIGNED SEALED and DELIVERED by )
XXXX XXXXX XXXXXXXXX in the ) /s/ X.X. Xxxxxxxxx
-----------------------------------
presence of: )
/s/ Witness
-----------------------------------
Solicitor, Thame, Oxford
SIGNED SEALED and DELIVERED by )
XXXXX XXXXXXXXX in the presence of:) /s/ X. Xxxxxxxxx
-----------------------------------
)
/s/ Witness
-----------------------------------
Solicitor, Thame, Oxford
-20-
BY THIS MEMORANDUM dated the 28th day of January 1986 it is desired to record
that it has been agreed that the rent payable under a Lease dated 2nd December
1977 and made between Xxxx Xxxxx Xxxxxxxxx and Xxxxx Xxxxxxxxx (1) and Xxxxxxxxx
Engineering (Thame) Limited (2) and Xxxxxxx Xxxxx XxXxxx (3) shall from 25th
December 1985 be the yearly sum of Fifteen Thousand Five Hundred Pounds
((pound)l5,500.00)
The Lease is now vested in Intest Limited
Signed /s/ X.X. Xxxxxxxxx
--------------------------
(X. X. Xxxxxxxxx)
Signed /s/ X. Xxxxxxxxx
--------------------------
(X. Xxxxxxxxx)
-21-
ADDENDUM
At a meeting held between the lessors and lessees at 00/00
Xxxxxx Xxxxx, Xxxxxxxxx, Bucks on Friday, 24th July, 1981, it
was unanimously agreed as follows:
That:
for the avoidance of any doubt, and to achieve the original
intentions of both parties at the date on which the lease was
signed, the notice of variation of rent under clause 5 of the
lease dated 2nd day of December 1977 between Xx. X.X.
Xxxxxxxxx Xxx. X. Xxxxxxxxx of the one part and Xxxxxxxxx
Engineering (Thame) Ltd. of the other part shall be varied as
follows:
Notice of proposed rent increase shall be given between the
following dates:
lst January and 30th June 1981
lst January and 30th June 1985
lst January and 30th June 1989
lst January and 30th June 1993
and that any agreed revised rentals be payable on and from the
following dates:
25th December 1981
25th December 1985
25th December 1989
25th December 1993
It was further agreed that this notice shall be affixed to and
be deemed to form part of the aforementioned lease and that
the failure of the lessor to give notice of an intended rent
increase as from 25th December 1981 within the stipulated
period be ignored for this rent increase period only.
Signed by: Signed for:
Xxxxxxxxx Engineering (Thame) Ltd.
/s/ X.X. Xxxxxxxxx /s/ X.X. XxXxxx
Xxxx Xxxxx Xxxxxxxxx X.X. XxXxxx,
Chairman
/s/ X. Xxxxxxxxx /s/ A.S. Chidgey
Xxx. Xxxxx Xxxxxxxxx A.S. Chidgey,
Secretary
in the presence of:
Name: /s/ D.W.
Address: National Westminster Bank Limited
24th July 1981
Occupation: Bank Official
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