Management Services Agreement with Privia Enterprises Limited FleetMatics Group



 Exhibit 10.4 
 EXECUTION COPY 
 Management Services Agreement 

Dated 23 November 2010 
 Privia Enterprises Limited, 
 Fleetmatics Group Limited 

and 

the Persons Listed in Schedule 1 







 Table of Contents 

 

							
	 1
	    	Definitions and Interpretation	  	 	3	  
	 2
	    	The Services	  	 	5	  
	 3
	    	Term and Termination	  	 	5	  
	 4
	    	Standard of Service	  	 	6	  
	 5
	    	Fees	  	 	6	  
	 6
	    	The Company’s Obligations	  	 	9	  
	 7
	    	Non-compete and Non-solicitation	  	 	9	  
	 8
	    	Confidentiality	  	 	10	  
	 9
	    	Consequences of Termination	  	 	11	  
	 10
	    	Ownership of Confidential Information	  	 	11	  
	 11
	    	Severability	  	 	11	  
	 12
	    	Binding on Successors	  	 	12	  
	 13
	    	Assignment	  	 	12	  
	 14
	    	Variation	  	 	12	  
	 15
	    	Whole Agreement	  	 	12	  
	 16
	    	No Partnership	  	 	12	  
	 17
	    	Waiver, Release and Remedies	  	 	12	  
	 18
	    	Notices	  	 	13	  
	 19
	    	Governing Law and Jurisdiction	  	 	13	  
	 20
	    	Counterparts	  	 	13	  
	 21
	    	Costs	  	 	13	  
	 Schedule 1
	  	 	17	  
	 Schedule 2
	  	 	18	  


  
 2 








 This Agreement is made the 23rd day of November 2010 (the “Effective Date”).

 Between: 
  

	(1)	Privia Enterprises Limited a company incorporated in Ireland with company no. 484532 having its registered office at Oyster Point, Temple Road, Blackrock,
Co. Dublin, Ireland (the “Consultant” which expression shall include its successors and permitted assigns); 

  

	(2)	Fleetmatics Group Limited a company incorporated in Ireland with company no. 392886 having its registered office at Oyster Point, Temple Road, Blackrock, Co.
Dublin, Ireland (the “Company” which expression shall include its successors and permitted assigns); and 

  

	(3)	The persons listed in Schedule 1 (the “Covenantors”). 

 Whereas: 
  

	(A)	The Covenantors have certain skills, experience and expertise relevant to the business of the Group, and, notwithstanding that the Covenantors no longer have a right to
serve on the Board, the Group would like to have access to such skills, experience and expertise for the purposes of implementing the Group’s Business strategy. 


 

	(B)	The Consultant is willing to provide the services of the Covenantors to the Group on the terms and conditions of this Agreement. 


 

	(C)	The Covenantors have been joined to this agreement for the purposes of providing certain covenants as set forth herein. 


Now it is hereby agreed as follows: 
  

	1	Definitions and Interpretation 

  

	1.1	In this Agreement and in the Schedules to this Agreement the following words and expressions shall, unless the context otherwise requires, have the following meanings:


  

					
		 	“2012 Fee”	 	means an amount of US$3,000,000 (three million US dollars);
			
		 	“2012 Installations”	 	means the Annual Installations for the Sales Year ending on 31 March 2012;
			
		 	“2012 Target”	 	means 66,000 Units;
			
		 	“2013 Fee”	 	means an amount of US$5,000,000 (five million US dollars);
			
		 	“2013 Installations”	 	means the Annual Installations for the Sales Year ending on 31 March 2013;


  
 3 









					
		 	“2013 Target”	  	means 78,000 Units;
			
		 	“2014 Fee”	  	means an amount of US$7,000,000 (seven million US dollars);
			
		 	“2014 Installations”	  	means the Annual Installations for the Sales Year ending on 31 March 2014;
			
		 	“2014 Target”	  	means 90,000 Units;
			
		 	“Annual Installations”	  	means, in respect of any Sales Year, the number of Units installed by the Group during such year;
			
		 	“Auditor”	  	means the auditor of the Company from time to time;
			
		 	“Board”	  	means the board of directors of the Company;
			
		 	“Business”	  	means the current automotive-based telematics business of the Group;
			
		 	“Confidential Information”	  	means all information (whether written or in electronic form) concerning the business affairs of the Company, including the Group Data;
			
		 	“Fees”	  	means the 2012 Fee, the 2013 Fee, the 2013 Catch-Up Fee, the 2014 Fee, and the 2014 Catch-Up Fee payable in accordance with the provisions of Clause 5;
			
		 	“G Committee”	  	means a committee comprised of the Consultants and certain individuals that the Company may designate from time to time;
			
		 	“Group”	  	means the Company and each subsidiary of the Company;
			
		 	“Group Data”	  	means all data, information, text, drawing, diagrams, images or sound embodied in any electronic or tangible medium, and which is supplied or in respect of which access is
granted to the Consultant or any Covenantor by the Group pursuant to this Agreement;
			
		 	“Group Employees”	  	means, collectively, officers, directors and employees of the Group.
			
		 	“Party”	  	means the Company, on one hand, and the Consultant and Covenantors, on the other hand.
			
		 	“Restricted Period”	  	means the period beginning on the Effective Date and ending on 31 March 2014;


  
 4 









					
		 	“Sales Year”	  	means each of the years ending:
			
		 		  	 (i)     31 March 2012;

			
		 		  	 (ii)    31 March 2013; and

			
		 		  	 (iii)  31 March 2014;

			
		 	“Services”	  	means the services described in Schedule 2 and any other services performed by the Consultant on behalf of the Group;
			
		 	“subsidiary”	  	has the meaning assigned to such term pursuant to section 155 of the Companies Act 1963;
			
		 	“Territory”	  	worldwide; and
			
		 	“Units”	  	means installed GPS-enabled devices.

  

	1.2	Except where the context requires otherwise the singular includes the plural and vice versa; a reference to one gender includes all genders; words denoting persons
include firms, incorporations and vice versa. 

  

	1.3	Headings are included in this Agreement for ease of reference only and shall not affect interpretation or construction. 


 

	1.4	References to clauses and schedules are, unless otherwise provided, references to clauses and schedules of this Agreement. 


 

	1.5	The word “including” and words of similar import when used in this Agreement will mean “including, without limitation,” unless otherwise specified.


  

	2	The Services 

  

	2.1	The Consultant and Covenantors agree to perform their obligations set forth herein (including to supply the Services) in consideration of payment of the Fees
(contingent upon those events set forth in greater detail in Clause 5) to Consultant and upon the terms and conditions of this Agreement. 

  

	2.2	The Services shall commence on the Effective Date and shall continue during the term of the Agreement, subject to termination as provided below.


  

	3	Term and Termination 

  

	3.1	This Agreement shall take effect on the Effective Date and, unless otherwise terminated in accordance with the provisions of Clause 3.2, shall continue until
31 March 2014. 


  
 5 









	3.2	Either Party shall be entitled forthwith to terminate this Agreement by written notice to the other if: 


 

	 	(a)	that other Party commits any continuing or material breach or any of the provisions of this Agreement and in the case of such a breach which is capable of remedy fail
to remedy the same within thirty (30) days after receipt of a written giving full particulars of the breach and requiring it to be remedied; 

  

	 	(b)	that other Party goes into liquidation (except for the purposes of amalgamation, reconstruction or other re-organisation and in such a manner that the company resulting
from the re-organisation effectively agrees to be bound or to assume the obligations imposed on that other Party under this Agreement), or bankruptcy, insolvency or similar proceedings; or 


 

	 	(c)	that other Party ceases or threatens to cease to carry on business. 

  

	3.3	For the purpose of Sub-Clause 3.2(a) a breach shall be considered capable of remedy if the Party in breach can comply with the provision in question in all respects
other than as to the time of performance (provided that the time of performance is not of the essence). 

  

	3.4	Any waiver by either Party of a breach of any provision of this Agreement shall not be considered as a waiver of any subsequent breach of the same or any other
provision. 

  

	3.5	The rights to terminate this Agreement given by this Clause shall not prejudice any other right or remedy of either Party in respect of the breach concerned (if any) or
any other breach. 

  

	4	Standard of Service 

  

	4.1	The Consultant shall ensure that the Services are performed by the Covenantors with due skill care and diligence and in an orderly and efficient manner.


  

	4.2	The Consultant and the Company shall co-operate together to agree appropriate programmes for the provision of the Services. 


 

	4.3	The Consultant will comply with the reasonable requests of the Group in respect of the provision of the Services. 


 

	5	Fees 

  

	5.1	In consideration of and subject to the supply of the Services in accordance with the terms of this Agreement the Company or such other member of the Group as the
Parties may agree from time to time (the “Payor”) shall pay to the Consultant contingent, performance based Fees in accordance with this Clause 5. 


 

	5.2	The Company shall pay, or procure that the Payor pays, the Fees as follows: 


 

	 	(a)	in the event that the 2012 Installations meet or exceed the 2012 Target, the Company or the Payor shall pay the 2012 Fee within 30 days of determination of the 2012
Installations in accordance with the provisions of Clause 5.3; 


  
 6 









	 	(b)	In the event that the 2013 Installations meet or exceed the 2013 Target Units, the Company or the Payor shall pay the 2013 Fee within 30 days of determination of the
2013 Installations in accordance with the provisions of Clause 5.3; provided, however, that if the 2012 Installations met or exceeded 3,000 Units less than the 2012 Target, but were less than the 2012 Target and the 2013 Installations exceed the
2013 Target Units, then the Company shall pay an additional fee (the “2013 Catch-Up Fee”) equal to (i) US$500 (five hundred dollars) multiplied by (ii) the excess (if any) of the 2013 Installations above the 2013 Target,
provided that in no event will the 2013 Catch-Up Fee exceed US$3,000,000 (three million US dollars); provided, further, that such 2013 Catch-Up Fee shall be paid within 30 days of determination of the 2013 Installations in accordance with the
provisions of Clause 5.3; and 

  

	 	(c)	In the event that the 2014 Installations meet or exceed the 2014 Target, the Company or the Payor shall pay the 2014 Fee within 30 days of determination of the 2014
Installations in accordance with the provisions of Clause 5.3; provided, however, that if the 2013 Installations met or exceeded 4,000 Units less than the 2013 Target, but were less than the 2013 Target and the 2014 Installations exceed the 2013
Target, then the Company shall pay an additional fee (the “2014 Catch-Up Fee”) equal to (i) US$625 (six hundred and twenty five dollars) multiplied by (ii) the excess (if any) of the 2014 Installations above the 2014
Target, provided that in no event will the 2014 Catch-Up Fee exceed US$5,000,000 (five million US dollars); provided, further, that such 2014 Catch-Up Fee shall be paid within 30 days of determination of the 2014 Installations in accordance with the
provisions of Clause 5.3. 

  

	5.3	Within 90 days of the end of each Sales Year the Company shall procure that the Auditor provides a certificate to the Consultant certifying the Annual Installations
amount for that year. 

  

	5.4	The Company shall provide the Consultant with such access to the books and records of the Group as the Consultant may reasonably request for the purposes of reviewing
the determination of the Annual Installations for any particular Sales Year by the Auditor. 

  

	5.5	In the absence of manifest error, the certificate of the Auditor pursuant to clause 5.3 shall be final and binding for the purposes of determining the Annual
Installations for the relevant Sales Year. 

  

	5.6	Payment of the Fees will be exclusive of value added tax or any other applicable sales tax (“VAT”), which shall be paid by the Company or the Payor in
addition to the Fee upon receipt of a valid invoice, provided however that the Fees will be deemed to be inclusive of VAT if it is determined that VAT payable on the Fees is not recoverable by the Company or, if applicable, the Payor.


  

	5.7	The Company shall use reasonable efforts to ensure that any VAT payable on the Fees is recoverable by the Company or, if applicable, the Payor, and shall give the
Consultant the opportunity to advise the Company or Payor, in the event that the Company or Payor makes representations to the Revenue Commissioners of Ireland or any other relevant tax authority in this regard. 


  
 7 









	5.8	The Fees shall be paid in cleared funds to such bank account as the Consultant may nominate, free of any deduction, withholding or set off whatsoever.


  

	5.9	The Company or the Payor will reimburse to the Consultant on demand all reasonable vouched costs and expenses properly incurred by the Consultant or the Covenantors in
attending meetings of the G Committee (including reasonable travel and subsistence costs incurred in such attendance). 

  

	5.10	The G Committee will meet at least quarterly at such time and location (including telephonically) as may be agreed by G Committee representatives of both the Consultant
and the Company. 

  

	5.11	 Reference is hereby made to that certain Credit Agreement dated as of July 30, 2010 (as such agreement may be amended, restated, supplemented,
replaced or otherwise modified from time to time, the “Credit Agreement”) by and among Fleetmatics USA Group Holdings, Inc., as the borrower, the Company, as Parent, the guarantors party thereto, D. E. Shaw Direct Capital
Portfolios, L.L.C., a Delaware limited liability company, as a lender and in its capacity as agent (in such capacity, the “Agent”) and the lenders from time to time party thereto (the “Lenders”). Notwithstanding any
provision herein to the contrary, neither (x) any Fee, cost or expense payable pursuant to Clause 5, including the 2012 Fee, the 2013 Fee, the 2013 Catch-Up Fee, the 2014 Fee, the 2014 Catch-Up Fee, and the costs and expenses incurred by the
Consultant in rendering, or related to, services hereunder, nor (y) any other payment required under this Agreement (the “Payments”) shall be made or permitted or required to be made if, and to the extent that, the making of
such payment is prohibited under the terms of the Credit Agreement by virtue of the fact that (i) a “Default” or “Event of Default” (each as defined in the Credit Agreement) has occurred and is continuing,
(ii) such payment would cause a Default or an Event of Default, or (iii) after giving effect to such payment, the Company would not be in pro forma compliance with the financial covenants set forth in the Credit Agreement, and the
Consultant shall promptly turn over any such payment received in violation of the Credit Agreement to the Company (or, if an Event of Default has occurred and is continuing, directly to the Agent); provided, however, that Payments may be made to
Consultant in accordance with Clause 5.9 and further provided that the obligations of the Company and the Payor in respect of any Payments that would otherwise be due and payable if not for the existence of the Credit Agreement shall not be
extinguished by this Clause 5.11 and (A) such Payments shall be enforceable by the Consultant in the event that the relevant Defaults and/or Events of Default, potential Defaults and/or Events of Default and/or non-compliance are cured by the
Company (and are otherwise permitted and required to be paid hereunder), and (B) the Consultant will rank equally with the unsecured creditors of the Company and/or Payor, as applicable (other than the Agent and the Lenders to the extent they
have become unsecured creditors of the Company), in respect of any such Payments in the event of a liquidation or winding up of the Company and/or the Payor. Until repayment in full of all Obligations (as defined in the Credit Agreement) and
termination of all commitments to lend under the Credit Agreement, this Clause 5.11 



  
 8 









	 	
shall not be modified without the express written consent of the Agent. The parties hereto acknowledge and agree that each of (i) the Agent (on behalf of the Lenders) and (ii) the
Lenders under the Credit Agreement shall be entitled to rely on and enforce the agreements set forth in this Clause 5.11 and shall be a third party beneficiary of this Clause 5.11. 


 

	5.12	In the event that the Company (a) acquires (or is acquired by) any entity (or division thereof) or business, (b) makes any material investment in another
Person (whether through the acquisition of assets, joint venture, equity acquisition, merger, consolidation or otherwise), or (c) engages in any other business combination relating to the Company or any of its subsidiaries, the parties hereto
shall in good faith negotiate upward revisions to each of the 2012 Target, the 2013 Target and the 2014 Target (to the extent such target measures a Sales Year that has not yet ended). 


 

	6	The Company’s Obligations 

  

	6.1	The Company hereby warrants and represents to the Consultant that it will co-operate with the Consultant and provide the Consultant with such information and assistance
as the Consultant may reasonably require in order to enable the Consultant to duly and punctually comply with its obligations under this Agreement. 

  

	7	Non-compete and Non-solicitation 

  

	7.1	As further consideration for the Company entering into this agreement and agreeing to pay, or procure payment of, the Fees, the Consultant and the Covenators each
hereby jointly and severally covenant and undertake to the Company that they shall not during the Restricted Period (otherwise than on behalf of the Company pursuant to this Agreement) either as principal, partner, agent, employee, director or
otherwise howsoever either directly or indirectly: 

  

	 	(a)	carry on or assist in carrying on within the Territory any of the businesses comprised in the Business other than as a passive holder of no more than 3% of shares or
debentures of a company listed on a recognised securities exchange; or 

  

	 	(b)	solicit a Company Group Employee; provided, that the foregoing shall not prohibit a general solicitation to the public of general advertising or similar methods of
solicitation by search firms not specifically directed at Company Group Employees. 

  

	7.2	The Company confirms and agrees that the provisions of the letter dated 30 July 2010 (as amended) from the Company to the Covenantors concerning the handheld
business of the Company shall continue to apply with full force and effect and shall not in any way be diminished or undermined by this Agreement, and the provisions of Clause 7.1 shall be construed accordingly. 


  
 9 









	8	Confidentiality 

  

	8.1	The Consultant and the Covenators each hereby jointly and severally undertake to the Company to: 


 

	 	(a)	keep confidential all Confidential Information; 

  

	 	(b)	treat Confidential Information with the same degree of care that it uses for its own confidential information; 


 

	 	(c)	not, without the prior written consent of the Company, disclose Confidential Information in whole or in part to any other person save those of its employees, agents and
sub-contractors involved in the provision of the Services and who need to know the Confidential Information in question; 

  

	 	(d)	use the Confidential Information in connection with the provision of the Services and not for its own benefit or the benefit of any third party;


  

	 	(e)	without prejudice to the generality of the foregoing, none of the Consultant, the Covenantors, nor any person engaged by them whether as a servant or consultant or
otherwise shall directly or indirectly use Confidential Information for solicitation of business from the Company or any affiliate of the Company. 

  

	8.2	The Consultant and the Covenators each hereby jointly and severally undertake to the Company to make all relevant employees and sub-contractors aware of the
confidentiality of the Confidential Information and the provision of this Clause 8 and, without limitation to this Clause 8 to take all such steps as shall from time to time be necessary to ensure compliance with its employee, agents and
sub-contractors with the provision of this Clause 8 and indemnify the Company against any breach of this Clause 8. 

  

	8.3	The provision of this Clause 8 shall not apply to any information which: 

  

	 	(a)	becomes public knowledge other than by breach of this Clause 8; 

  

	 	(b)	is in the possession of the receiving party without restriction in relation to disclosure before the date of receipt from the disclosing party;


  

	 	(c)	is received from a third party who lawfully acquired it and who is under no obligation with restricting its disclosure; or 


 

	 	(d)	is required to be disclosed by law. 

  

	8.4	Nothing in this Clause shall be deemed or construed to prevent the Consultant from disclosing any Confidential Information obtained from the Consultant to any
consultant, contractor or other person engaged by the Consultant in connection herewith provided that the Consultant shall have obtained from the consultant, contractor or other person a signed Confidentiality undertaking on substantially the same
terms as are contained in this Clause 8. 


  
 10 










	9	Consequences of Termination 

  

	9.1	Upon termination of this Agreement (including expiration of this Agreement upon 31 March 2014 for any reason: 


 

	 	(a)	(1) if this Agreement has not been materially breached by the Consultant or any Covenantor, the Company shall continue to have the obligation to make payments of, or
procure that the Payor makes payment of, the Fees, if any, to the Consultant in accordance with the terms of this Agreement; or (2) if the Company or the Payor has paid any Fees in advance the Consultant shall repay all such Fees other than
those determined by court of competent jurisdiction to be rightfully owed to the Consultant in accordance with this Agreement; 

  

	 	(b)	the Consultant shall render reasonable assistance to the Company if requested to the extent reasonably necessary to effect an orderly hand-over of the Services to the
Company or a replacement Consultant such that the Services can be carried on with a minimum of interruption and inconvenience to the Company. The Company shall reimburse the Consultant for such assistance at market rates then prevailing for
customers of the Consultant for the same or similar Services; 

  

	 	(c)	subject as otherwise provided in this Agreement neither Party shall have any further obligation to the other under this Agreement; provided, however, that the rights
and obligations set forth in Clauses 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19 and 20 shall survive such termination indefinitely (or, in the cases of Clauses 7 and 8, through the expiration of the Restricted Period); and


  

	 	(d)	the Consultant shall return to the Company all Confidential Information and Group Data. 


 

	10	Ownership of Confidential Information 

  

	10.1	The Consultant acknowledges that Confidential Information and all rights of whatever nature in or in relation to it shall at all times be and remain the sole property
of the Group. 

  

	10.2	The Company and the Consultant shall each take reasonable precautions (having regard to the nature of their other respective obligations under this Agreement) to
preserve the integrity of the Group Data and prevent any corruption or loss of Group Data. 

  

	11	Severability 

 In the
event that any of the terms, conditions or provisions of this Agreement, or any part thereof, should be determined to be invalid, unlawful or unenforceable, such term, condition or provision, or such part thereof, shall be severed from the remaining
terms, conditions and provisions which will continue to be valid to the fullest extent permitted by law. 

  
 11 










	12	Binding on Successors 


This Agreement shall be binding upon and enure to the benefit of the respective parties hereto and their respective personal
representatives, successors and permitted assigns. 
  

	13	Assignment 

 This
Agreement shall not be assignable in whole or in part by either Party except with the prior written consent of the other Party; provided, however, that the Company may assign this Agreement to any member of the Group without the prior written
consent of the Consultant; provided, further, that no assignment shall limit the assignor’s obligations hereunder. 
  

	14	Variation 

 No variation
of this Agreement shall be valid unless it is in writing and signed by or on behalf of each of the parties. 
  

	15	Whole Agreement 

 This
Agreement contains the whole agreement between the parties relating to the transactions provided for in this Agreement and supersedes all previous agreements between such parties in respect of such matters and each of the parties to this Agreement
acknowledges that in agreeing to enter into this Agreement it has not relied on any representations or warranties except for those contained in this Agreement. 
  

	16	No Partnership 

 This
Agreement shall not constitute or create a partnership between the parties or between either Party. 
  

	17	Waiver, Release and Remedies 

  

	17.1	A waiver by either Party of any breach by the other Party of any of the terms, provisions or conditions of this Agreement or the acquiescence of either Party in any act
(whether of commission or omission) which but for such acquiescence would be a breach as aforesaid shall not constitute a general waiver of such term, provision or condition or an acquiescence to any subsequent act contrary thereto.


  

	17.2	Any remedy or right conferred upon either Party for breach of this Agreement shall be in addition to and without prejudice to all other rights and remedies available to
it whether pursuant to this Agreement or otherwise provided for by law. 

  

	17.3	No failure or delay by either Party in exercising any claim, remedy, right, power or privilege under this Agreement shall operate as a waiver nor shall a single or
partial exercise of any claim, remedy, right, power or privilege preclude any further exercise thereof or the exercise of any other claim, remedy, right, power or privilege. 


  
 12 










	18	Notices 

 Any notice or
other communication whether required or permitted to be given hereunder shall be given in writing and shall be deemed to have been duly given if delivered by hand or if transmitted by fax or sent by prepaid registered post addressed to the Party to
whom such notice is to be given at the address set out for such Party herein (or such other address as such Party may from time to time designate in writing to the other Party hereto in accordance with the provisions of this Clause 18). Any such
notice shall be deemed to have been duly given if delivered by hand at the time of delivery, if transmitted by fax at the time of termination of the transmission and if sent by prepaid registered post as aforesaid forty eight hours (48) after
the same shall have been posted. 
  

	19	Governing Law and Jurisdiction 

 This Agreement shall be governed by and construed in accordance with the laws of Ireland and the parties hereby agree to submit to the exclusive jurisdiction of the Irish Courts. 

 

	20	Counterparts 

 The
Agreement may be executed in any number of counterparts and by different parties to this Agreement and separate counterparts each of which are executed and delivered shall constitute an original and all such counterparts together constituting but
one and the same instrument. 
  

	21	Costs 

 The Company shall
pay all reasonable expenses incurred by Consultant in connection with the negotiation of this Agreement. Save as aforesaid the parties shall pay all their own costs and expenses incurred in connection with this Agreement and the transactions
contemplated by this Agreement. 
 [signature pages follow] 

  
 13 









 In witness whereof this Agreement has been executed the day and year first before written.

 Signed for and on behalf 

of Privia Enterprises Limited 
  

											
	by	 	 Martin Scully
	 		 		 	 /s/ Martin Scully
	 	
		 	and Kenneth Keating	 		 		 	 /s/ Kenneth Keating
	 	

 Signature Page to Management Services Agreement 







 Signed for and on behalf 
 of Fleetmatics Group Limited 
  

							
	by	 	 Kenneth Keating
	 		 	 /s/ Kenneth Keating



  
 Signature Page
to Management Services Agreement 









					
	Signed and Delivered	 		 	
			
	by the said Bill Beamish	 		 	 /s/ Bill Beamish

			
	in the presence of:	 		 	
			
	Signature of witness: /s/ Laura Kelly	 		 	  

			
	Name: Laura Kelly	 		 	
			
	Address:	 		 	
			
	Occupation:	 		 	
			
	Signed and Delivered	 		 	
			
	by the said William McCabe	 		 	 by his lawful attorney Martin Scully
 /s/ Martin Scully

			
	in the presence of:	 		 	
			
	Signature of witness: /s/ Laura Kelly	 		 	  

			
	Name: Laura Kelly	 		 	
			
	Address:	 		 	
			
	Occupation:	 		 	
			
	Signed and Delivered	 		 	
			
	by the said Kenneth Keating	 		 	 /s/ Kenneth Keating

			
	in the presence of:	 		 	
			
	Signature of witness: /s/ Laura Kelly	 		 	  

			
	Name: Laura Kelly	 		 	
			
	Address:	 		 	
			
	Occupation:	 		 	


  
 Signature Page
to Management Services Agreement 








 Schedule 1 
 The Covenantors 
 Bill Beamish of Palo Alto, Ballybride, Rathmichael, County Dublin

 William McCabe of Lis Na Carraig, Brighton Road, Foxrock, Dublin 18 
 Kenneth Keating of The Acorns, 45 Castlepark Road, Dalkey, County Dublin 







 Schedule 2 
 Services 
 The Consultant shall provide the services of the Covenantors to sit on the G
Committee.