**Exhibit 10.38**

 

**WARNING: It is recommended that thewithin should not be completed without prior legal advice**

 

**LAW SOCIETY OF IRELAND**

 

**GENERAL CONDITIONS OF SALE**

**2001 EDITION**

 

**PARTICULARS**

**and**

**CONDITIONS OF SALE**

**of**

 

**Factory Premises, Shannon Free Zone, Drumgeely,Bunratty Lower, Co Clare**

 

 

***SALE BY PRIVATE TREATY**

 

 

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*Delete, ifinappropriate

 

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| Vendor:                   |   | Tellabs  Limited                                                 |
|---------------------------|--------|------------------------------------------------------------------|
| Vendor’s  Solicitor: |   | **McCann FitzGerald**                                            |
| Address:                  |   | 2  Harbourmaster Place, International Financial Services Centre, |
|                      |   | Dublin 1                                                         |
| Ref.                      |   | DOR\568554.8                                                     |

 

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**MEMORANDUM OF AGREEMENT**madethis                     dayof April 2003

 

**BETWEEN**

 

**TELLABS LIMITED**havingits registered office at Shannon Industrial Estate, Shannon, Co Clare

 
| PPS  Number(s) | (“VENDOR”) |
|----------------|----------------------|

** **

**AND**

 

**AVOCENT INTERNATIONAL LIMITED**

of AvocentHouse, Shannon Free Zone, Shannon, Co Clare

 
| PPS  Number(s) | (“PURCHASER”) |
|----------------|-------------------------|

 

whereby it isagreed that the Vendor shall sell and the Purchaser shall purchase inaccordance with the annexed Special and General Conditions of Sale the propertydescribed in the within Particulars at the purchase price mentioned below

 
| Purchase  Price |   | €5,350,000.00                 |   |   | Closing  Date:  6 June 2003 |
|-----------------|--------|------------------------------------|--------|--------|----------------------------------|
|            |   |                               |   |   |                             |
| Less Deposit    |   | €   535,000.00 |   |   | Interest  Rate: 11%              |
|            |   |                               |   |   |                             |
| Balance         |   | €4,815,000.00                 |   |   |                             |
|            |   |                               |   |   |                             |
| SIGNED          |   |                               |   |   | SIGNED                           |   |   |
|            |   | (Vendor)                           |   |   |                             | (Purchaser) |   |
|            |   |                               |   |   |                             |   |   |
| Witness         |   |                               |   |   | Witness                          |   |   |
|            |   |                               |   |   |                             |   |   |
| Occupation      |   |                               |   |   | Occupation                       |   |   |
|            |   |                               |   |   |                             |   |   |
| Address         |   |                               |   |   | Address                          |   |   |
|            |   |                               |   |   |                             |   |   |
|            |   |                               |   |   |                             |   |   |
|                 |        |                                    |        |        |                                  |  |  |  |

 

AsStakeholder, We acknowledge receipt of Bank Draft/Cheque for€                     inrespect of deposit.

 
|   |   |   |   |   |               |
|--------|--------|--------|--------|--------|--------------------|
|   |   |   | SIGNED |   |               |   |
|   |   |   |   |   | McCann  FitzGerald |   |

 

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**PARTICULARS AND TENURE**

 

**ALL THAT****AND THOSE**thatpart of the Lands of Drumgeely situated in the Barony of Bunratty Lower in theCounty of Clare more particularly described in a Lease dated 20 October 1997between Shannon Free Airport Development Company Limited (1) and TellabsLimited (2) (the “Lease”).

 

**Held** under theLease for a term of 112 years from 1 January 1997.

 

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**DOCUMENTS SCHEDULE**

 

**Lease**

 

1.                                       The Lease

 

**Superior Landlords Title.**

 

2.                                       Plain copy only Lease dated 28 March 1960 between the Minister forTransport and Power (1) and Shannon Free Airport Development Company Limited(2).

 

3.                                       Plain copy on Lease dated 28th April 1964 between theMinister for Transport and Power (1) and Shannon Free Airport DevelopmentCompany Limited (2).

 

4.                                       Plain copy Lease dated 14 May 1964 between the Minister forTransport and Power (1) and Shannon Free Airport Development Company Limited (2).

 

5.                                       Plain copy only Lease dated 13 July 1967 between the Minister forTransport and Power (1) and Shannon Free Airport Development Company Limited(2).

 

6.                                       Plain copy only Lease made 12 November 1979 between the Minster forTourism and Transport (1) and Shannon Free Airport Development Company Limited(2).

 

7.                                       Plain copy only Lease dated 20 December 1985 between Shannon FreeAirport Development Company Limited (1) and Molex Illinois S.A. Geneve(“Molex”) (2) (“Molex Lease”).

 

**Planning Documentation**

 

8.                                       Architect’s Opinion on Compliance with Planning Permission dated 29January 1999.

 

9.                                       Architect’s Opinion on Compliance with Building Regulations dated 29January 1999.

 

10.                                 Structural/Civil Chartered Engineers Opinion on Compliance withBuilding Regulations dated 1 October 2001.

 

11.                                 Commencement Notice dated 4 September 1997.

 

12.                                 Copy Grant of Planning Permission register reference Clare CountyCouncil P97/723 dated 5 August 1997.

 

13.                                 Fire Safety Certificate pursuant to Building Control Act 1990reference number in register BC98/99 dated 21 January 1999.

 

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**SEARCHES SCHEDULE**

 

None

 

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**SPECIAL CONDITIONS**

 

1                                          Save where the context otherwise requires or implies or the texthereof expresses to the contrary, the definitions and provisions as tointerpretation set forth in the within General Conditions shall be applied forthe purposes of these Special Conditions

 

2                                          The said General Conditions shall:–

 

(a)                                  apply to the sale in so far as the same are not hereby altered orvaried, and these Special Conditions shall prevail in case of any conflictbetween them and the General Conditions

 

(b)                                 be read and construed without regard to any amendment therein,unless such amendment shall be referred to specifically in these SpecialConditions.

 

3                                          **VAT**

 

3.1                                 The Purchaser warrants that it is a taxable person within themeaning of Section 4(8) of the Value Added Tax Act, 1972, (as amended) andwhere it is required to do so by law, shall self account for any VAT arising onthe within sale if it should it be obliged to do so.  The Purchaser further warrants that it holds a valid VAT 13Bauthorisation.

 

3.2                                 The Purchaser shall indemnify and shall keep the Vendor indemnifiedagainst any loss, cost, expenses or other liabilities arising from the defaultof the Purchaser to account for Value Added Tax pursuant to the within salewhere the Purchaser is required under the Value Added Tax Act, 1972, (asamended) to account for VAT with respect to the sale.

 

4                                          **Title**

 

4.1                                 The Title shall consist of the Lease.

 

4.2.1                        The Purchaser is furnished with copy letter dated 20 June 1997 fromShannon Development to Mr Pat Shanahan, Managing Director of Tellabs Limited,together with copy reply from Tellabs Limited of 20 June 1997 with respect tothe car parking arrangements for Molex Limited and premises demised toTellabs.  Originally staff, licenseesand invitees of Molex parked on that portion of the property outlined in purpleon Plan No. 1 attached hereto (the “Car Park”).  Upon the construction of the Vendor’s facility on the property,Shannon Development in accordance with the provisions of the Molex Leaseconstructed an alternative car park on nearby lands for Molex.  Molex no longer parks on any portion of the property outlined in blue andmarked “A”  on Plan No. 1 attachedhereto (the “Vacated Car Park”). Currently staff,  Licensees andinvitees of Molex park on that portion of the Car Park outlined in green andmarked “B” on Plan No. 1 attached hereto (the “Strip”).  The following provisions shall apply withrespect to any permissions to Molex to park on the Strip and/or the FacilityCar Park.

 

4.2.2                        Molex is continuing to park on the Strip.  The Vendor, via Shannon Development Company Limited, is seekingto procure a letter from Molex to confirm that it has relinquished any right ithas under the Molex Lease to park on the Strip or the Vacated Car Park.  The Purchaser shall accept a writtenacknowledgement in letter form from Molex that it no longer has a right to parkon the Strip or the Vacated Car

 

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Park under the provisions of the MolexLease which shall be deemed to be conclusive evidence that Molex no longer hasany right to park on the Strip or the Vacated Car Park.

 

4.2.3                        In the event that the written acknowledgement from Molex withrespect to the car parking on the Strip is not available on completion, thesale shall not be delayed.  The Vendorshall use all reasonable endeavours to procure acknowledgement from Molex torelinquish any right it has to park on the Strip under the provisions of theMolex Lease.  In the event that awritten confirmation as envisaged by Special Condition 4.2.2 in a form reasonablysatisfactory to the Purchaser, is not received from Molex relinquishing itsright per the Molex Lease to park on the Strip on or before 6 June 2004, theVendor shall refund to the Purchaser the sum of €100,000.00 on demand from theEscrow Sum (as hereinafter defined) per the provisions of Special Condition4.2.5.

 

4.2.4                        In the event that the acknowledgement from Molex with respect to thecar parking on the Vacated Car Park is not available on completion, the saleshall not be delayed.  The Vendor shalluse all reasonable endeavours to procure an acknowledgement from Molex torelinquish any right to park on the Vacated Car Park under the provisions ofthe Molex Lease.  In the event that awritten confirmation as envisaged by Special Condition 4.2.2, in a formreasonably satisfactory to the Purchaser, is not received from Molexrelinquishing its right per the Molex Lease to park on the Vacated Car Park onor before 6 June 2004, the Vendor shall refund to the Purchaser the sum of€300,000.00 from the Escrow Sum (as hereinafter defined) per the provisions ofClause 4.25.

 

4.2.5                        The Vendor shall from the purchase monies on completion transfer thesum of €400,000.00 (the “Escrow Sum”) to the Vendor’s solicitors, McCannFitzGerald Solicitors, to be held by McCann FitzGerald Solicitors upon thefollowing conditions:-

 

a.                                       Where a written acknowledgement from Molex is procured in compliancewith the provisions of Special Condition 4.2.3 the sum of €100,000.00 shallimmediately be released to the Vendor.

 

b.                                      Where a written acknowledgement from Molex is procured in compliancewith the provisions of Special Condition 4.2.4 McCann FitzGerald shall releasethe sum of €300,000.00 to the Vendor.

 

c.                                       In the event that a written acknowledgement from Molex is notprocured on or before 6 June 2004, with respect to the Strip in accordance withSpecial Condition 4.2.3, McCann FitzGerald Solicitors shall subject toparagraph (h) below and the other provisions of this special condition, within14 days of written demand release the sum of €100,000.00 to the Purchaser.

 

d.                                      In the event that a written acknowledgement from Molex in accordancewith Special Condition 4.2.4 is not procured on or before 6 June 2004 withrespect to the Vacated Car Park, McCann FitzGerald Solicitors shall subject toparagraph (h) below and the other provision of this special condition withinfourteen days of written demand release the sum of €300,000.00 to thePurchaser.

 

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e.                                       In the event of dispute with respect to whether a “writtenacknowledgement” is in a form reasonably satisfactory to the Purchaser, thematter will be referred to a senior commercial conveyancing practisingsolicitor, (the “Solicitor”) who is currently in practise in the field ofcommercial property in Ireland for at least 10 years or upwards to benominated, in the default of an agreement between the Vendor and the Purchaserby the President for the time being of the Law Society of Ireland.  The Solicitor shall act as an arbitrator inaccordance with the provisions of the Arbitration Acts 1954 to 1998.  The Solicitor, for the purpose of thisclause shall have the authority to determine whether a written acknowledgementin letter form from Molex with respect to the Strip or the Vacated Car Parkwould be reasonably satisfactory to a purchaser of the Property who has enteredinto a contract on the within terms and conditions.  Where the Solicitor so determines that a written acknowledgementwould  be reasonably satisfactory, thePurchaser shall be deemed to be satisfied with the acknowledgement for thepurpose of special conditions 4.2.3 and/or 4.2.4 as the case may be.  The Solicitor shall have the authority wherein the absence of written acknowledgements from Molex with respect to theentire Strip or the entire Vacated Car Park to determine that part of theEscrow Sum (i.e. the €100,000 or the €300,000 as the case may be) should beapportioned on a fair and equitable basis. In such circumstances that portionof the Escrow Sum shall be paid to the Purchaser and the remainder shall bereleased to the Vendor.

 

f.                                         For the avoidance of doubt it is hereby agreed that a written acknowledgementwith respect to the Strip and the Vacated Car Park may be combined in the oneletter.

 

g.                                      In the event that the Purchaser or any agent or licensee of thePurchaser enters into any arrangement with Molex with respect to car parking inthe Car Park, no monies shall be payable by the Vendor to the Purchaser withrespect to the Strip or the Vacated Car Park irrespective of whether writtenacknowledgements have been procured or not from Molex as an anticipated in thiscontract.

 

h.                                      For the avoidance of doubt McCann FitzGerald Solicitors will beauthorised to release the monies from the Escrow Sum upon acknowledgement bythe Purchaser acting reasonably that it is satisfied with writtenacknowledgements procured from Molex or otherwise upon a confirmation from theSolicitor in accordance with Special Condition 4.2.5 (e) that any writtenacknowledgement from Molex is satisfactory for the purpose of this specialcondition or pursuant to any other determination by the Solicitor.

 

i.                                          In the event that arbitration proceedings or litigation isthreatened or pending with respect to the Escrow Sum, McCann FitzGeraldSolicitors shall be entitled to continue to hold the Escrow Sum until theresolution of such proceedings, irrespective of any demand by either party forsuch monies.

 

j.                                          Any interest accruing on the Escrow Sum shall belong to the Vendorand may be paid by McCann FitzGerald to the Vendor at anytime.

 

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k.                                       For the purpose of this clause 4.2 “reasonably satisfactory” to thePurchaser shall mean satisfactory to the Purchaser acting reasonably.

 

4.3                                 Plain copies only of the documents numbered 2 to 7 in the DocumentsSchedule will be furnished.

 

4.4                                 The Purchasers attention is drawn to the copy extract lease describedat No. 7 of the Document Schedule and in particular to Clause 3 of the ThirdSchedule annexed to the said certified copy Lease.  The Vendor is only in possession of the certified copy extract ofthe said Lease.

 

5.                                       **Representations**

 

ThePurchaser agrees and accepts that no statement, measurement quantity ordescription contained in any newspaper advertisement published by the Vendor(which expression shall in this condition include the Vendor’s Agents andSolicitors), or given orally or contained in any brochure letter or handoutissued by the Vendor in respect of the subject property (whether or not in thecourse of any representation or negotiations leading to the sale) shallconstitute a representation inducing the Purchaser to enter into the sale orany warranty forming part of this Agreement.  No error (which shall have the same meaning as in General Condition 33),unless contained in this Agreement, shall give rise to any cause of action,claim for compensation against the Vendor, or any right of rescission underthis Agreement.  General Condition 33shall be read subject to this paragraph.

 

6.                                       **Planning**

 

6.1                                 The warranty on part of the Vendor in General Condition 36(a)(1) isgiven to the best of the Vendor’s knowledge, information and belief andrelating to General Condition 36(a)(12) is limited to the extent shown in theArchitect’s Certificates described at number 8 and 9 of the Documents Schedule,and the Engineer’s Certificate described at number 10 of the Schedule furnishedwith this Contract.

 

6.2                                 The Purchaser is furnished with the documentation re planning andbuilding regulations set out at nos. 8 to 13 of the Document Schedule.  The Purchaser shall not call for any furtherdocumentation, certificates or otherwise, nor raise any objection orrequisition with respect to same. General Condition 36 is hereby amended.

 

7.                                       **Conditionof Premises**

 

7.1                                 The Purchaser is purchasing the premises in an “as is” condition andshall not be obliged to make good any damage to the premises resulting from theremoval of plant and machinery by the Vendor from the premises pending thecompletion of the sale.

 

7.2                                 The Vendor shall make good such damage caused directly as a resultof removal of plant and machinery where such damage exceeds a reinstatementcost of €3,000.00.  The Vendor mayhowever elect to credit such sum to the Purchaser.  The remedying of any works or defects shall not delay completion.

 

7.3                                 The Vendor shall not be obliged to reconstruct or carry out works tothe boundaries of the Property.

 

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8.                                       **EnvironmentalMatters**

 

ThePurchaser is deemed to be purchasing the property with full knowledge ofall  environmental conditions pertainingto the property in sale.

** **

**9.****                                      Contents**

 

9.1                                 The sale includes the furniture and items set out in the attachedSchedule entitled “Inventory Schedule”. For the avoidance of doubt the sale includes no other items on thepremises save such items as the Vendor notifies the Purchaser which it intendsto leave on the premises.

 

**10.****                               Auction**

 

It isthe Vendor’s intention to carry out an auction on the premises with respect toplant and machinery which will remain in the Vendors ownership prior to thecompletion of the sale.

 

**11.****                               Use of Premises**

 

ThePurchasers specific attention is brought to covenant 26.1 and 26.2 of theLease.  It shall be a matter solely forthe purchaser to satisfy itself that it has, or may procure a Licence under theprovisions of Section 2(1) of the Customs Free Airport (Amendment) Act, 1958 orany acts amending the same.

 

12.                                 **Landlord**

 

For theavoidance of doubt “Landlord” shall mean the person entitled to thereversionary interest immediately expectant on the expiry of the Lease.

 

**13.****                               Purchaser on Notice**

 

ThePurchaser shall be deemed to purchase with full notice of the actual state andcondition of the subject property in all respects whether it is to quantity,state or repair, means of approach, access of light and rights of adjoiningowners and occupiers as to boundary walls and fences or otherwise howsoever andshall take the subject property as it is in all respects.

 

**14****.****                               Boundaries**

 

GeneralCondition 14 shall not apply to this sale. The Purchaser shall accept such evidence of identity as may be gatheredfrom the description of the copy documents specified in the Document Schedulehereto.

 

**15.****                               Collateral Warranties**

 

TheVendor shall use its reasonable endeavours to procure such collateralwarranties as the Vendor is entitled to from its professional team upon theconstruction of the facility in the name of the Purchaser.  The sale shall not be delayed by the absenceof the said collateral warranties.  ThePurchaser shall accept any such collateral warranties as the Vendor can procureas an absolute discharge of the Vendor of its obligations under this condition.

 

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**16.****                               Deed of Rectification**

 

In theevent that a Deed of Rectification is required by the Purchaser, to rectify anymapping query with respect to the Lease, the Vendor agrees to join in such aDeed and will co-operate with the Purchaser in seeking the agreement by ShannonFree Airport Development Company Limited to join in such a Deed.

 

**17.****                               Chemical Containers**

 

TheVendor shall, prior to completion of the sale, remove the containers of processchemicals currently in the building.

 

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**INVENTORY SCHEDULE**

 
| **1st Floor**                                                             |
|---------------------------------------------------------------------------|
|                                                                      |
| Four person  cube x 38                                                    |
|                                                                      |
| Three person  cube x 1                                                    |
|                                                                      |
| One person  cube x 3                                                      |
|                                                                      |
| Managers  office x 10                                                     |
|                                                                      |
| **Meeting Room**                                                          |
|                                                                      |
| (Meeting  Room - large table and seating for relevant numbers of persons) |
|                                                                      |
| Four/six  persons x 5 rooms                                               |
|                                                                      |
| Six/eight  persons x 5 rooms                                              |
|                                                                      |
| Fifteen/twenty  persons x 2 rooms                                         |
|                                                                      |
| Twenty/twenty  five persons x 3 rooms                                     |
|                                                                      |
| **Ground Floor**                                                          |
|                                                                      |
| Four person  cube x 26                                                    |
|                                                                      |
| Three person  cube x 1                                                    |
|                                                                      |
| Tow person  cube x 15                                                     |
|                                                                      |
| One person  cube x 1                                                      |
|                                                                      |
| Six  individual offices                                                   |
|                                                                      |
| **Meeting Room**                                                          |
|                                                                      |
| Four/six  persons x 7 rooms                                               |
|                                                                      |
| Six/eight  persons x 3 rooms                                              |
|                                                                      |
| Ten/fifteen  persons x 3 rooms                                            |
|                                                                      |
| Fifteen/twenty  persons x 1 room                                          |
|                                                                      |
| Twenty  five/thirty persons x 2 rooms                                     |
|                                                                      |
| **Kitchen**                                                               |
|                                                                      |
| Fully fitted  modern kitchen with granite work tops including cold room   |

 

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| **Dining Room**                                                                                |
|------------------------------------------------------------------------------------------------|
|                                                                                           |
| Quality  furniture for 128 persons                                                             |
|                                                                                           |
| **Warehouse**                                                                                  |
|                                                                                           |
| Set of high  bay pallet racking, with perimeter fencing, approximately 7 metres in height      |
|                                                                                           |
| Capacity:-                                                                                     | 60 pallets  per row |
|                                                                                           |   |
|                                                                                           | 8 rows in  total |
|                                                                                           |
| such other  items as the Vendor elects to leave on the premises as notified to the  Purchaser. |

 

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**NON-TITLE INFORMATION**

 
| **Query** |   | **Reply (Please tick and/or insert comments as  appropriate)** |
|-----------|--------|----------------------------------------------------------------|
|      |   |                                                           |   |   | **Yes** |   | **No** |   | **Comment** |
|      |   |                                                           |   |   |   |   |   |   |   |
|      | **1.** |                                                           | **SERVICES** |   |   |   |   |   |   |
|      |   |                                                           |   |   |   |   |   |   |   |
|      | i.     |                                                           | How is the  Subject Property serviced as to: |   |   |   |   |   |   |
|      |   |                                                           | (a) | drainage; |   | X |   |   |   | Shannon |
|      |   |                                                           | (b) | water  supply; |   | X |   |   |   | Shannon |
|      |   |                                                           | (c) | electricity; |   | X |   |   |   | ESB 16000KVN |
|      |   |                                                           | (d) | gas; and |   |   |   | X |   |   |
|      |   |                                                           | (e) | otherwise. |   |   |   |   |   |   |
|      |   |                                                           |   |   |   |   |   |   |   |
|      | ii.    |                                                           | Have the Services (including roads, lanes,  footpaths, sewers and drains) abutting or servicing the Subject Property been  taken over by the Local Authority. |   |   |   |   |   | Enquiries  being made, see title. |
|      |   |                                                           |   |   |   |   |   |   |   |
|      |   |                                                           | Will a letter from the Local Authority or a  solicitor’s certificate to vouch the position be furnished on or before  closing. |   |   |   |   |   |   |
|      |   |                                                           |   |   |   |   |   |   |   |
|      |   |                                                           | If services are not in charge, are there appropriate  easements and indemnities in existence. |   |   |   |   |   |   |
|      |   |                                                           |   |   |   |   |   |   |   |
|      | iii.   |                                                           | Is the  Subject Property serviced by: |   |   |   |   |   |   |
|      |   |                                                           | (a) | septic tank;  or, |   |   |   | X |   |   |
|      |   |                                                           | (b) | private  drainage scheme. |   |   |   | X |   |   |
|      |   |                                                           |   |   |   |   |   |   |   |
|      | iv.    |                                                           | Is the  Subject Property serviced for television and if so is it by: |   |   |   |   |   |   |
|      |   |                                                           | (a) | Cable T.V., |   | X |   |   |   |   |
|      |   |                                                           | (b) | Satellite  Dish; |   |   |   |   |   |   |
|      |   |                                                           | (c) | MMDF; |   |   |   |   |   |   |
|      |   |                                                           | (d) | TV aerial  owned by Vendor; or |   |   |   |   |   |   |
|      |   |                                                           | (e) | TV aerial  owned by another. |   |   |   |   |   |   |
|      |   |                                                           |   |   |   |   |   |   |   |
|      |   |                                                           | If (b) or (d) applies, will it be included in the  Purchase Price. |   |   |   |   |   |   |
|      |   |                                                           |   |   |   |   |   |   |   |
|      | v.     |                                                           | Is there a telephone line to be supplied with the  Subject Property |   |   |   | X |   |   |
|      |   |                                                           |   |   |   |   |   |   |   |
|      | vi.    |                                                           | Is there an ISDN line to be supplied with the  Subject Property. |   |   |   | X |   |   |
|      |   |                                                           |   |   |   |   |   |   |   |   |
|      | **2.** |                                                           | **CONTENTS** |   |   |   |   |   |   |   |
|      |   |                                                           |   |   |   |   |   |   |   |   |
|      | i.     |                                                           | Are there  any contents included in the Purchase Price. |   | X |   |   |   | Furniture  Systems (office)  High Bay Storage in Manufacturing Canteen Furniture and Equipment |   |
|      |   |                                                           |   |   |   |   |   |   |   |   |   |
|      |   |                                                           | If so, give  Vendor’s estimate of value. |   |   |   |   |   |   |   |
|      |   |                                                           |   |   |   |   |   |   |   |   |   |
|      | ii.    |                                                           | Are there any fixtures, fittings or chattels  included in this Sale which are the subject of any Lease, Rent, Hire Purchase  Agreement or Chattel Mortgage. |   |   |   | X |   |   |   |
|      |   |                                                           |   |   |   |   |   |   |   |   |   |
|      |   |                                                           | If so, furnish now the Agreement and on closing  proof of payment to date or discharge thereof. |   |   |   |   |   |   |   |
|      |   |                                                           |   |   |   |   |   |   |   |   |
|      | **3.** |                                                           | **OUTGOINGS** |   |   |   |   |   |   |   |
|      |   |                                                           |   |   |   |   |   |   |   |   |
|      | i.     |                                                           | What is the  Rateable Valuation of: |   |   |   |   |   |   |   |
|      |   |                                                           |   |   |   |   |   |   |   |   |
|      |   |                                                           | (a) | Lands; |   |   |   |   |   | Enquiries  being made |   |
|      |   |                                                           | (b) | Buildings. |   |   |   |   |   |   |   |
|      |   |                                                           |   |   |   |   |   |   |   |   |
|      | ii.    |                                                           | Give particulars of any other periodic or annual  charge which affects the Subject Property or any part of it. |   |   |   |   |   | Shannon  Industrial Estate Maintenance charge of €16k per annum |   |
|           |        |                                                                |  |  |  |  |  |  |  |  |  |  |  |  |

 

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