Document:

EX-4.04

 Exhibit 4.04 

Underlease 
 Relating to
Ground and Mezzanine Floors, Seven Dials Warehouse, 42/50 Earlham Street, London WC2H 9LA 
  

	 	    (1)	 Expedia.com Limited 

  

	 	    (2)	 Facebook UK Ltd 

Dated 11 November 2011 
  

Osborne Clarke 
 One London
Wall 
 London 

EC2Y 5EB 

	 	   Tel	      +44 (0) 20 7105 7000 

	 	   Fax	      +44 (0) 20 7105 7005 

 Contents 
  

							
	 Prescribed clauses under Schedule 1A of the Land Registration Rules 2003
		 	i	  
	 Underlease Particulars
		 	1	  
	 1.
		 Definitions and interpretation
		 	2	  
	 2.
		 Demise
		 	3	  
	 3.
		 Rent
		 	4	  
	 4.
		 Same terms as Headlease
		 	4	  
	 5.
		 Tenant’s covenants
		 	4	  
	 6.
		 Landlord’s covenants
		 	5	  
	 7.
		 Other Provisions
		 	6	  
	 8.
		 Security of tenure
		 	7	  
	 Annexure
		 	10	  

 Prescribed clauses under Schedule 1A of the 

Land Registration Rules 2003 
  

					
	  

LR1.  Date of lease
  
		  

11 November 2011
  
		 
	 		 
	 LR2.  Title number(s)
		 LR2.1 Landlord’s title number
		 
	 		 
	 		 LR2.2 Other title numbers 87123

 
		 
	 		 
	 LR3. Parties to this lease
		 Landlord: Expedia.com Limited (Company Number 03847519) whose registered office is at 42 Earlham Street London WC2H 9LA
		 
	 		 
	 		  
 Tenant: Facebook UK
Ltd (Company Number 06331310) whose registered office is at Gladstone House, 77/79 High Street, Egham, Surrey TW20 9HY
  
		 
	 		 
	 LR4. Property
		 In the case of a conflict between this clause and the remainder of this lease then, for the purposes of registration, this clause shall prevail.
		 
	 		 
	 		 The Premises as defined in clause 1.1

 
		 
	 		 
	 LR5.    Prescribed statements etc.
		 LR5.1
		 
	 		  
 Not applicable
		 
	 		 
	 		
LR5.2                            
                                         
                             
            
                                         
                                         
                       
		 
	 		 
	 		 Not applicable

 
		 
	 		 
	 LR6.      Term
for which the  Property is leased
		 The term as specified in the definition of Contractual Term in the Underlease Particulars

 
		 
	 		 
	 LR7. Premium
		 None

 
		 
	 		 
	
LR8.          Prohibitions or restrictions on disposing of this  lease

 
		 This Underlease contains a provision that prohibits or restricts dispositions.
		 
	  

LR9. Rights of acquisition etc
		  
 LR9.1   Tenant’s contractual rights to
renew this lease, to acquire the reversion or another lease of the Property, or to acquire an interest in other land
		 
	 		 
	 		 None
		 
	 		  
 LR9.2 Tenant’s
covenant to (or offer to) surrender this lease
  
 None

 
 LR9.3 Landlord’s contractual rights to acquire this
lease
  
 None

 
		 

  
 i 

					
	 	 	 
	
LR10.   Restrictive covenants  given in this lease by the  Landlord in respect of land  other than the Property

 
		 None
		 
	 		 
	 LR11. Easements
		 LR11.1 Easements granted by this lease for the benefit of the  Property
		 
	 		 
	 		 None
		 
	 		 
	 		 LR11.2 Easements granted or reserved by this lease over the  Property for the benefit of other property
		 
	 		 
	 		 None

 
		 
	 		 
	
LR12.    Estate rent charge  burdening the Property

 
		 None
		 
	 		 
	
LR13.         Application for  standard form of restriction

 
		 None
		 
	 		 
	
LR14.    Declaration of trust  where there is more than one  person comprising the  Tenant

 
		 Not applicable
		 

  
 ii 

 Underlease Particulars 
  

			
	 Date:
		 11 November 2011

		
	 Landlord:
		 Expedia.com Limited

		
	 Company Number:
		 03847519

		
	 Registered Office:
		 42 Earlham Street London WC2H 9LA

		
	 Tenant:
		 Facebook UK Limited

		
	 Company Number:
		 06331310

		
	 Registered Office:
		 Gladstone House, 77/79 High Street, Egham, Surrey TW20 9HY

		
	 Premises:
		 Ground and Mezzanine floors, Seven Dials Warehouse, 42/50 Earlham Street, London WC2H 9LA (more particularly shown edged in red on the Plan)

		
	 Contractual Term:
		 Term of years starting on the Term Start Date and ending on 15 February 2018

		
	 Term Start Date:
		 11 November 2011

		
	 Rent:
		 £307,750 per year

		
	 Rent Start Date:
		 11 July 2013

		
	 Review Date:
		 2 January 2017

		
	 Contracted out:
		 The Underlease is excluded from the security of tenure provisions of Part II of the 1954 Act.

  
 1 

 This Underlease is made on the date stated and between the parties specified in the Underlease Particulars. 

It is agreed as follows: 
  

	1.	 Definitions and interpretation 

  

	1.1	 In this Underlease, unless the context otherwise requires, the following definitions shall apply:  

“1954 Act” means the Landlord and Tenant Act 1954 (as amended). 

“1995 Act” means the Landlord and Tenant (Covenants) Act 1995. 

“2003 Order” means the Regulatory Reform (Business Tenancies) (England and Wales) Order 2003. 

“Authorised Guarantee Agreement” means as defined by section 28(1) of the 1995 Act. 

“Business Day” means a day (other than a Saturday or Sunday) on which clearing banks are open for business in the City
of London. 
 “Consent for Alterations” means the written consent of the Superior Landlord in such form as is
required by the Headlease to the Tenant’s proposed works to the Premises. 
 “Guarantor” means any person from
time to time who guarantees the obligations of the Tenant in this Underlease. 
 “Headlease” means the lease under
which the Landlord holds the Premises dated 7 July 2009 made between (1) Seven Dials S.A.R.L. (2) Expedia.com Limited and (3) Expedia, Inc a copy of which is annexed to this Underlease. 

“Included Rights” means the rights granted by, and set out in schedule 2 of the Headlease and as set out in Schedule 1
to this Underlease. 
 “Landlord” means the party so named in the Underlease Particulars and any person from time to
time entitled to the right to possession of the Premises when the Underlease ends. 
 “Payment Days” means
25 March, 24 June, 29 September and 25 December in each year. 
 “Plan” means the plan annexed to
this Underlease. 
 “Premises” means the premises demised by and more particularly described in the Headlease. 

“Reserved Rights” means the rights excepted and reserved by and set out in schedule 3 of the Headlease. 

“Underlease” means this Underlease as supplemented or varied in writing from time to time whether by deed, licence or
otherwise. 
 “Superior Landlord” means the person for the time being entitled to the reversion immediately expectant
upon the expiry or sooner determination of the Headlease. 
 “Tenant” means the party so named in the Underlease
Particulars and any person in whom this Underlease is vested from time to time. 
 “Term” means the Contractual Term.

  
 2 

 

 
 This official copy is incomplete without the preceding notes page. 

 “VAT” means value added tax as provided under the VATA. 

“VATA” means Value Added Tax Act 1994 and references to the VATA shall include all statutes, laws, regulations,
notices, directions or similar provisions, relating to value added tax and any value added, turnover, sales, purchase or similar tax of the United Kingdom or of any other jurisdiction and references to value added tax or to VAT shall be construed
accordingly. 
  

	1.2	 In this Underlease, unless the context otherwise requires: 

  

	 	(a)	 where at any time a party to this Underlease comprises more than one person all obligations and liabilities of or with that party are joint and several and
references to that party include references to each such person; 

  

	 	(b)	 words denoting persons include any individual, firm, body corporate, association or partnership, government or state (whether or not having a separate legal
personality); 

  

	 	(c)	 words in the singular include the plural and vice versa and words in one gender include any other gender; 

 

	 	(d)	 references to clauses are to clauses of this Underlease; 

  

	 	(e)	 the Underlease Particulars form part of this Underlease but the table of contents and the headings are for convenience only and will not affect the
construction or interpretation of this Underlease; 

  

	 	(f)	 unless the context shall otherwise so require words and expressions defined in the Headlease shall bear the same meaning where such words and expressions
appear in this Underlease; 

  

	 	(g)	 any obligation by the Tenant not to do or omit to do something includes an obligation not to permit or to suffer that thing to be done or omitted;

  

	 	(h)	 where there is an obligation to obtain the consent or approval of the Landlord under this Underlease such consent or approval must be contained in a formal
deed or licence; 

  

	 	(i)	 where under the terms of this Underlease the consent of the Landlord is required for any act or matter the consent of the Superior Landlord under the terms
of the Headlease is also to be required wherever requisite provided that nothing in this Underlease is to be construed as imposing on the Superior Landlord any obligation not to refuse his consent unreasonably; 

 

	 	(j)	 reference to any right exercisable by the Landlord or any right exercisable by the Tenant in common with the Landlord is to be construed as including where
appropriate reference to the exercise of the right by the Superior Landlord and all persons authorised by him in common with all other persons having a like right; 

 

	 	(k)	 any statute or statutory provision which modifies, consolidates, re-enacts or supersedes it whether such statute or statutory provision comes into force
before or after the date of this Agreement; 

  

	 	(l)	 the word “assignment” includes equitable assignment and the words “assign” and “assignee” shall be
construed accordingly; and 

  

	 	(m)	 references to any statute or legislation include any legislation of the European Union directly applicable in the United Kingdom. 

 

	2.	 Demise 

 The
Landlord, demises the Premises to the Tenant for the Term subject to: 

  
 3 

	2.1	 together with (so far as the Landlord can grant the same) the Included Rights; 

 

	2.2	 except and reserved to the Landlord and the Superior Landlord the Reserved Rights; and 

 

	2.3	 subject to all rights, restrictions, covenants and liabilities affecting the Premises from time to time including for the avoidance of doubt the exceptions
reservations restrictions rights and other matters contained in the Headlease. 

  

	3.	 Rent 

  

	3.1	 The Tenant will pay the Rent to the Landlord without deduction or set off (except where lawfully provided by statute) by equal quarterly payments in advance
on the Payment Days, the first payment for the period beginning on the Rent Start Date and ending on the day before the Payment Day following the Rent Start Date to be paid on the Rent Start Date. 

 

	3.2	 If required by the Landlord the Rent shall be paid by standing order or credit transfer to the Landlord’s bank account. 

 

	3.3	 The Rent shall be reviewed on the Review Date in accordance with the terms of the Headlease save for the purposes of clause 4.1 (c)(i) the rent
payable shall be the Rent specified in the particulars to this Underlease. 

  

	4.	 Same terms as Headlease 

Except as to the term of years granted the rents reserved and reviewed and where the specific terms of this Underlease state otherwise
this Underlease is made upon the same terms and subject to the same covenants provisos (including without limitation the proviso for re-entry) and conditions as are contained in the Headlease as if the same were set out in this Underlease in full
with such modifications as are necessary to make the same applicable to the present demise, and the parties hereto as if the names of the parties hereto had been respectively substituted for those of the Landlord and the Tenant in the Headlease and
in the case of any conflict between the provisions of this Underlease and the Headlease the provisions of this Underlease shall prevail. 
  

	5.	 Tenant’s covenants 

The Tenant covenants with the Landlord: 
  

	5.1	 Tenants Covenants in the Headlease 

To observe and perform the covenants and conditions on the part of the Tenant contained in the Headlease (excepting the covenants to pay
the rents or other payments) as if the same were repeated in full in this Underlease except insofar as the Landlord expressly covenants in this Underlease to observe and perform them and to indemnify the Landlord from and against any actions
proceedings claims damages liabilities costs charges expenses or losses arising from any breach non-observance or non-performance of those covenants and conditions. 
  

	5.2	 Service Charges and Insurance 

To pay as rent to the Landlord on demand sums equal to the service charge and insurance premiums (as defined in the Headlease) payable
from time to time by the Landlord under the Headlease. 
  

	5.3	 Restrictions in Headlease 

Unless to do so would conflict with the terms of this Underlease, not do omit suffer or permit in relation to the Premises any act or
thing that would or might cause the Landlord to be in breach of the Headlease or that if done omitted suffered or permitted by the Landlord would or might constitute a breach of the covenants on the part of the Lessee and the conditions contained in
the Headlease. 

  
 4 

	5.4	 Indemnity 

To indemnify and keep the Landlord indemnified against all actions proceedings claims damages liabilities costs charges expenses and
losses in respect of or incurred in connection with the Premises or any injury incurred by any party upon the Premises or any damage to any item upon the Premises or otherwise (howsoever arising) or arising from any breach of the Tenant’s
covenants contained in this Underlease but not in respect of any breach by the Landlord of the Landlord’s covenants contained in this Underlease. 
  

	5.5	 VAT 

 To
pay to the Landlord VAT on any payments due under this Underlease so far as such tax is properly chargeable on the same and in every case where the Tenant has agreed to reimburse or indemnify the Landlord in respect of any payment made by the
Landlord under the terms of or in connection with this Underlease to reimburse any VAT paid by the Landlord on such payment unless the VAT is recoverable by the Landlord. 
  

	5.6	 Costs 

To pay to the Landlord on a full indemnity basis all proper costs fees charges disbursements and expenses properly incurred by the
Landlord (both during and after the end of the term) in relation or incidental to: 
  

	 	(a)	 every application made by the Tenant for consent or licence required by the provisions of this Underlease whether or not it is granted refused or offered
subject to any lawful qualification or condition or the application is withdrawn; 

  

	 	(b)	 the recovery or attempted recovery of arrears of Rent or other sums due under this Underlease; 

 

	 	(c)	 any steps taken in connection with the preparation and service of a schedule of dilapidations during or within three months after the end of the Term; and

  

	 	(d)	 any breach by the Tenant of the Tenant’s covenants on its part contained in this Underlease. 

 

	5.7	 Access by Landlord 

To permit the Landlord upon reasonable notice (except in emergency) to enter the Premises for the purpose that is in the opinion of the
Landlord necessary to enable it to comply with the covenants on the part of the lessee and the conditions contained in the Headlease. 
  

	5.8	 Access by Superior Landlord 

To permit the Superior Landlord and all persons authorised by the Superior Landlord to enter the Premises for the purposes specified and
upon the terms contained in the Headlease or in any lease superior to it as if the provisions in such documents dealing with the lessor’s access to the Premises were incorporated into this Underlease. 

 

	6.	 Landlord’s covenants 

The Landlord covenants with the Tenant: 
  

	6.1	 Quiet enjoyment 

That the Tenant will peaceably and quietly hold and enjoy the Premises during the Term without any interruption by the Landlord or by
any person lawfully claiming through, under or in trust for the Landlord. 
  

	6.2	 Rent 

  
 5 

 To pay the rents reserved by the Headlease. 

 

	6.3	 Superior Landlord’s Covenants 

To use reasonable endeavours to procure that the Superior Landlord shall comply promptly with the covenants on its part contained in the
Headlease. 
  

	6.4	 Superior Landlord Consent 

At the request of the Tenant to take all reasonable steps at the cost of the Tenant to obtain the consent of the Superior Landlord where
it is required under the terms of the Headlease 
  

	6.5	 No Variation 

Not at any time without the prior written consent of the Tenant to vary the Headlease. 

 

	7.	 Other Provisions 

  

	7.1	 Insurance 

The Landlord will use its reasonable endeavours to enforce the Superior Landlord’s insurance obligations contained in Clause 9.1 of
the Headlease and it is agreed that the provisions of Clauses 9.13, 9.14, 9.15 ,9.16 and 9.17 of the Headlease shall apply to this Underlease. 
  

	7.2	 Liability 

To the extent permitted by law the Landlord is not liable: 
  

	 	(a)	 to the Tenant or any occupier of the Premises for any accident, injury, damage or loss however arising; or 

 

	 	(b)	 to the Tenant for any failure to perform any of its obligations under this Underlease, 

unless and until the Tenant has notified the Landlord in writing of the facts constituting such default and the Landlord fails to remedy
the default within a reasonable time. 
  

	7.3	 Landlord and Tenant (Covenants) Act 1995 

  

	 	(a)	 The clauses of this Underlease will only take effect insofar as they do not contravene the provisions of the 1995 Act. 

 

	 	(b)	 Insofar as any provisions of this Underlease contravene the provisions of the 1995 Act the relevant provisions (or if applicable, the relevant parts of them)
are deemed to be deleted so far as necessary to ensure such compliance. 

  

	 	(c)	 Any such deemed deletion does not affect the remaining provisions of this Underlease. 

 

	7.4	 Exclusion of third party rights 

Unless expressly provided in this Underlease, no express term of this Underlease or any term implied under it is enforceable pursuant to
the Contracts (Rights of Third Parties) Act 1999 by any person who is not a party to it. 
  

	7.5	 Governing law and jurisdiction 

  

	 	(a)	 This Underlease and any dispute, claim or obligation (whether contractual or noncontractual) arising out of or in connection with it, its subject matter or
formation shall be governed by English law. 

  
 6 

	 	(b)	 The parties irrevocably agree that the English courts shall have exclusive jurisdiction to settle any dispute or claim (whether contractual or
non-contractual) arising out of or in connection with this Underlease, its subject matter or formation. 

  

	7.6	 Agreement for Lease 

There is an agreement for lease made between (1) the Landlord and (2) the Tenant dated 6 July 2011 to which this
Underlease gives effect. 
  

	8.	 Security of tenure 

  

	8.1	 Pursuant to section 38A(1) of the 1954 Act the Landlord and Tenant agree that the provisions of sections 24 to 28 (inclusive) of the 1954 Act shall be
excluded in relation to the tenancy created by this Underlease. 

  

	8.2	 The Landlord and Tenant agree and declare that before the date of this Underlease: 

 

	 	(a)	 a notice in the form set out in Schedule 1 to the 2003 Order which applies to this Underlease was served by the Landlord on the Tenant on 27 June 2011
(the “Notice”); and 

  

	 	(b)	 a statutory declaration was made by the Tenant on 1 July 2011 in the form set out in Paragraph 8 of Schedule 2 to the 2003 Order (the
“Declaration”). 

  

	8.3	 Where the Declaration was made by a person other than the Tenant the Tenant confirms that the declarant was duly authorised by it to make the Declaration on
its behalf. 

  

	8.4	 The Landlord and the Tenant further agree and declare that the form of this Underlease is in all material respects the same as that which was in their
contemplation at the time of the service of the Notice. 

 In witness this Underlease is executed and delivered on the date appearing at the
head of page 1. 

  
 7 

 Schedule 1 

Included Rights 
  

	1.	The right to continue to use the plant and other equipment and to connect to the chillers constructed on the roof to the Building referred to in Schedule 2 of the Headlease. 

 

	2.	The rights granted pursuant to the terms of a Consent for Alterations dated 2011 made between (1) the Superior Landlord (2) the Landlord and (3) the Tenant. 

  
 8 

			
	Executed as a Deed		)
	by Expedia.com Limited		)
	acting by		) /s/ ND Pocklington
	a director, in the presence of:		) ND Pocklington
		
			Director
		
	Signature of witness:		/s/ MATTHEW WALLS
		
	Name:		MATTHEW WALLS
		
	Address:		42 Earlham St.
			LONDON
			WC2H 9LA
		
	Occupation:		VP MARKETING
		
	Executed as a Deed		)
	by Facebook UK Ltd		)
	acting by		)
	a director, in the presence of:		)
		
			Director
		
	Signature of witness:		
		
	Name:		
		
	Address:		
		
	Occupation:		

  
 9 

 Annexure 

  
 10 

									
			 Dated
  
		 7 July

 
		 2009  

 
		

  

							
			(1)		SEVEN DIALS S.A.R.L.		
				
			(2)		EXPEDIA.COM LIMITED		
				
			(3)		EXPEDIA, INC.		

  

					
			  

Ground and Mezzanine floors

Seven Dials Warehouse

42/50 Earlham Street

London WC2H 9LA
  
		

  

					
			 CMS Cameron McKenna LLP
  

Mitre House
  

160 Aldersgate Street
  

London EC1A 4DD
  

T +44(0)20 7367 3000
  

F +44(0)20 7367 2000
  

Ref: MRR/MERO/126830.00013
		

 (22757178.08) 

 Table of Contents 

 

							
	1.		 Definitions
		 	3	  
			
	2.		 Interpretation
		 	6	  
			
	3.		 Lease
		 	7	  
			
	4.		 Rent and Rent Review
		 	7	  
			
	5.		 Service Charge
		 	11	  
			
	6.		 Tenant’s Covenants
		 	13	  
			
	7.		 Landlord’s Covenants
		 	26	  
			
	8.		 Alienation
		 	27	  
			
	9.		 Insurance
		 	32	  
			
	10.		 Re-entry
		 	37	  
			
	11.		 Value Added Tax
		 	38	  
			
	12.		 General
		 	39	  
			
	13.		 Notices
		 	43	  
			
	14.		 Guarantor
		 	44	  
			
	15.		 Governing Law
		 	44	  
			
	16.		 Jurisdiction
		 	44	  
			
	17.		 Process Agent
		 	44	  
			
	18.		 Waiver
		 	44	  
		
	Schedule 1		 	45	  
			
			 THE BUILDING AND THE PROPERTY
		 	45	  
			
			 PART 1  45
				
			
			 THE BUILDING
		 	45	  
			
			 PART 2  45
				
			
			 THE PROPERTY
		 	45	  
		
	Schedule 2		 	46	  
			
			 RIGHTS GRANTED TO THE TENANT
		 	46	  
		
	Schedule 3		 	48	  
			
			 RIGHTS RESERVED TO THE LANDLORD
		 	48	  
		
	Schedule 4		 	49	  
			
			 THE MATTERS AND THE DOCUMENTS (IF ANY) CONTAINING INCUMBRANCES TO WHICH THE PREMISES ARE SUBJECT
		 	49	  
		
	Schedule 5		 	50	  
			
			 GUARANTEE PROVISION
		 	50	  
		
	Schedule 6		 	53	  
			
			 SERVICE CHARGE COSTS
		 	53	  

  
 (22757178.08) 

			
	 LR1. Date of lease

 
		 7th July 2009

	 LR2. Title number(s)
		 LR2.1
Landlord’s title number(s)
 Title number(s) out of which this lease is granted. Leave blank if not registered

 
 NGL422086
  

LR2.2 Other title numbers
 Existing title number(s)
against which entries of matters referred to in LR9, LR10, LR11 and LR13 are to be made
  

None
  

	 LR3. Parties to this lease
		 Landlord

 
 SEVEN DIALS S.A.R.L. a company incorporated under the laws of Luxembourg under
number B137218 whose registered office is at L-1855 Luxembourg 46A Avenue JF Kennedy Luxembourg
  

Tenant
  

EXPEDIA.COM LIMITED (a company incorporated under company number 03847519) whose registered office is at 42 Earlham Street London WC2H 9LA

 
 Other parties

Specify capacity of each party, for example “management company”, “guarantor”, etc.

 
 Guarantor

 
 EXPEDIA, INC. (company number 3956616) a company incorporated in the State of
Delaware USA whose principal office is at 3150 139th Avenue SE Bellevue, WA 98005
  

	 LR4. Property
		 In the case of a
conflict between this clause and the remainder of this lease then, for the purposes of registration, this clause shall prevail.
  

The Property known as ground and mezzanine floors Seven Dials Warehouse 42/50 Earlham Street London WC2H 9LA and ancillary Property as further described in
Part 2 of Schedule 1 and every part of it and all alterations to it
  

	 LR5. Prescribed statements etc.
		 LR5.1
Statements’ prescribed under rules 179 (dispositions in favour of a charity), 180 (dispositions by a charity) or 196 (leases under the Leasehold Reform, Housing and Urban Development Act 1993) of the Land Registration Rules 2003.

 
 None

 

  
 (22757178.08) 

			
	LR6. Term for which the Property is leased		 From and including
7th July 2009
  
 To and including 19 February 2018

 

	LR7. Premium		 None

 

	 LR8. Prohibitions or restrictions on disposing of this lease

 
		This lease contains a provision that prohibits or restricts dispositions.
	LR9. Rights of acquisition etc.		 LR9.1
Tenant’s contractual rights to renew this lease, to acquire the reversion or another lease of the Property, or to acquire an interest in other land
  

None
  

LR9.2 Tenant’s covenant to (or offer to) surrender this lease
  

None
  

LR9.3 Landlord’s contractual rights to acquire this lease
  

None
  

	 LR10. Restrictive covenants given in this lease by the Landlord in respect of land
other than the Property
  
		None
	LR11. Easements		 LR11.1 Easements
granted by this lease for the benefit of the Property
  
 See Schedule 2

 
 LR11.2 Easements granted or reserved by this lease over the Property for the benefit
of other Property
  
 See Schedule 3

 

	 LR12. Estate
rentcharge burdening the Property
  
		None
	 LR13. Application for standard form of restriction

 
		 
	 LR14. Declaration of trust where there is more than one person comprising the
Tenant
  
		 

  
 2 

(22757178.08) 

 THIS DEED WITNESSES as follows: 
  

	1.	Definitions 

 In this Lease the terms defined in the Land Registry prescribed clauses
and the further particulars set out at the beginning of this Lease and in Schedule 1 shall have effect and: 
 “Asset
Rating”:  has the meaning given in the EPB Regulations 
 “assign”:  includes entering into
any form of equitable assignment of the Property including a registerable transfer where the Tenant’s title to the Property is registered or registerable but does not include entering into a contract for the assignment or transfer of the
Property and assignment is similarly construed 
 “authorised guarantee agreement”:  has the meaning given to it
by the LTC Act 1995 
 “Building”:  the Property described in Part 1 of Schedule 1 and every part of it and all
additions and alterations to it and includes (without limitation): 
  

	 	(a)	roadways footpaths service roads service areas car parks loading bays and landscaped and open areas 

  

	 	(b)	boundary walls and fences 

 “Business Day”:  a day (other than a
Saturday or Sunday) on which banks are generally open in London for normal business 
 “CAW Regulations”:  the
Control of Asbestos at Work Regulations 2002 
 “Clearing Bank”:  a corporate member of CHAPS Clearing Company
Limited 
 “Common Parts”:  the walkways service areas loading bays landscaped and open areas entrances
staircases passages landings passenger and goods lifts and other areas (whether or not in the nature of the foregoing) from time to time during the Term provided by the Landlord for common use by the tenants of the Building but for the avoidance of
doubt not including any part of the Property 
 “Conduits”:  includes those for sewage water gas electricity
telecommunications and data processing 
 “DEC”:  a Display Energy Certificate and Advisory Report as defined in
the EPB Regulations 
 “Default Interest Rate”:  means three per cent, per annum above the Interest Rate 

“End of the Term”:  includes the expiry of the Term by effluxion of time or the determination of the Term by
forfeiture surrender merger notice or in any other way 
 “EPB Regulations”:  the Energy Performance of Buildings
(Certificates and Inspections) (England and Wales) Regulations 2007 
 “EPC”:  an Energy Performance Certificate
and Recommendation Report as defined in the EPB Regulations 

  
 3 

(22757178.08) 

 “Existing Lease”:  the lease of the Reception and Floors 3, 4 and 5 of
the Building dated 28 April 2008 and made between (1) The Royal Bank of Scotland plc (as trustee of the Schroder Exempt Property Unit Trust) (2) Expedia.com Limited and (3) Expedia, Inc 

“Guarantor”:  the surety referred to in clause LR3 or any surety or sureties of the Tenant’s obligations under
this Lease from time to time and where the Guarantor is an individual includes the Guarantor’s personal representatives 

“Head Landlord”:  any person for the time being entitled to possession of the Property at the end of any term of
years granted by any Head Lease 
 “Head Lease”:  any lease under which the Landlord is for the time being
entitled to possession of the Property at the End of the Term and every lease (whether immediate or otherwise) out of which that lease was created all deeds varying any of those leases and all licences and consents granted under any of those leases
or under any deed of variation 
 “Initial Rent”:  two hundred and ninety two thousand three hundred and sixty
two pounds and fifty pence (£292,362.50) 
 “Insured Risks”:  loss or damage by fire lightning explosion
earthquake aircraft and other aerial devices and articles dropped from them escape of oil impact by vehicles or animals riot civil commotion strikes and labour disturbances storm flood bursting and overflowing of water tanks apparatus or pipes
subsidence and heave and terrorism and such other risks against which the Landlord from time to time (acting reasonably) decides to insure subject to such exclusions limitations and excesses as are imposed by its insurers and to the extent to which
the risks mentioned in this definition are insurable with the Landlord’s insurers 
 “Interest Rate”:  the
base rate for the time being of The Royal Bank of Scotland plc or of another Clearing Bank designated from time to time by the Landlord or if there is no such base rate the rate from time to time prescribed under section 32 of the Land Compensation
Act 1961 
 “Landlord”:  the Landlord referred to in clause LR3 and the person for the time being entitled to
possession of the Property at the End of the Term 
 “Lease”;  this lease every deed varying or supplemental to
this lease every licence and consent granted under this lease or under any deed of variation or supplemental deed and every collateral agreement (as defined in the LTC Act 1995) 

“Lettable Areas”:  all parts of the Building designed and intended to be let for commercial use 

“LTC Act 1995”:  the Landlord and Tenant (Covenants) Act 1995 

“Major Damage”:  damage or destruction to the Property or the Building where the cost of rebuilding or
reinstatement exceeds the greater of the annual rent then payable under this Lease (or which would be payable but for any abatement or suspension of the rent under this Lease) and the open market rent of the Property estimated by the Landlord acting
reasonably at the time of the damage or destruction 
 “Operational Rating”:  has the meaning given in the EPB
Regulations 
 “Permitted Use”:  offices being a use within subparagraph (a) of Class B1 Business in the
Schedule to the Town and Country Planning (Use Classes) Order 1987 as that Order is in force at the date of this Lease 

  
 4 

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 “Plans”:  the plans annexed to this Lease 

“Planning Acts”:  the Town and Country Planning Act 1990 the Planning (Listed Buildings and Conservation Areas) Act
1990 the Planning (Hazardous Substances) Act 1990 the Planning (Consequential Provisions) Act 1990 the Planning and Compensation Act 1991 and the Planning and Compulsory Purchase Act 2004 

“Quarter Days”:  25th March 24th June 29th September and 25th December in every year

 “Rent”:  includes all sums reserved as rent by this Lease and any interim rent determined under the Landlord
and Tenant Act 1954 
 “Rent Commencement Date”:  7th June 2011 

“Retained Area”:  the whole of the Building other than the Lettable Areas 

“Review Date”:  7th July 2014 

“Review Period”:  the period starting with any Review Date up to the next Review Date or starting with the last
Review Date for a period of five years after the Review Date 
 “Section 106 Agreement”:  the agreement under
Section 106 of the Town and Country Planning Act 1990 dated 17 April 2002 between The Royal Bank of Scotland plc (as trustee of the Schroder Exempt Property Unit Trust) and The Mayor and Burgesses of the London Borough of Camden 

“Service Charge Commencement Date”:  7th July 2009 

“Tenant”:  the tenant referred to in clause LR3 and its successors in title and where the Tenant is an individual
includes the Tenant’s personal representatives 
 “Term”:  the term as set out in clause LR6 and any
statutory or other period of continuance holding over or extension of it 
 “Term Commencement
Date”:  7th July 2009 
 “Underlease EID application”:  an application to the Registrar
to designate an underlease or derivative underlease an exempt information document so as to exclude from the edited copy of the underlease or derivative underlease as appropriate to be held by HM Land Registry such information as is excluded from
any edited copy of this Lease held at HM Land Registry and such other information as the Landlord shall require 
 “Uninsured
Risk”:  a risk or some aspect thereof which would be an Insured Risk but for the fact that insurance is not available or is available but only on terms or at rates which are not commercially acceptable to the Landlord (acting
reasonably) in the London insurance market at the date of destruction or damage 
 “VAT”:  value added tax and
any imposition or levy of a like nature 
 “VAT Act 1994”:  the Value Added Tax Act 1994 and 

“VAT group”;  two or more bodies corporate registered as a group for VAT purposes under section 43 VAT Act 1994.

  
 5 

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	2.	Interpretation 

  

	2.1	Where there are two or more persons included in the expressions “Landlord” “Tenant” or “Guarantor” each reference to the Landlord the Tenant or the Guarantor includes a
separate reference to each of those persons 

  

	2.2	Any reference express or implied to an enactment includes references to: 

  

	 	(a)	that enactment as amended extended or applied by or under any other enactment (before or after the execution of this Lease) 

  

	 	(b)	any enactment which that enactment re-enacts (with or without modification) 

  

	 	(c)	any subordinate legislation made (before or after the execution of this Lease) under that enactment as amended extended or applied as described in clause 2.2(a) above or under any enactment referred to in clause 2.2(b)
above and 

  

	 	(d)	any consents licences and permissions given (before or after the execution of this Lease) under that enactment as amended extended or applied as described in clause 2.2(a) above or under any enactment referred to in
clause 2.2(b) above or under that subordinate legislation and any conditions contained in those consents licences and permissions. 

  

	2.3	Any reference express or implied to enactments generally includes subordinate legislation and any legislation of the European Union that is directly applicable in the United Kingdom and includes existing enactments and
those that come into effect during the Term 

  

	2.4	Clauses 2.1 to 2.3 apply unless the contrary intention appears 

  

	2.5	The headings in this Lease do not affect its interpretation 

  

	2.6	Any covenant given by more than one person will be joint and several 

  

	2.7	Every obligation of any party to this Lease not to do an act or thing includes an obligation not to allow it to be done 

  

	2.8	Where there is an obligation to obtain the consent or approval of the Landlord under this Lease such consent or approval must be in writing and such obligation includes where necessary an obligation to obtain the
consent or approval in writing of any chargee or superior landlord from time to time 

  

	2.9	Any consent or approval must be obtained before the act or event to which it applies is carried out or done and will be effective only if in the form the party giving it reasonably and properly requires

  

	2.10	Where the Landlord has a right to enter the Property such right will also be exercisable by the Landlord’s agents any chargee from time to time and all persons authorised by them with or without workmen and
equipment 

  

	2.11	Words denoting persons include firms companies and corporations and vice versa 

  

	2.12	The singular includes the plural and vice versa and one gender includes any other 

  
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	2.13	Any reference to the Landlord’s surveyor includes any surveyor employed by the Landlord or by any company associated with the Landlord 

 

	2.14	References to clauses paragraphs and schedules are to clauses and paragraphs of and schedules to this deed 

  

	2.15	The words “include” “includes” and “including” are deemed to be followed by the words “without limitation” 

 

	2.16	References to any act or omission of the Tenant extend to any act or omission of any sub-tenant or licensee of the Tenant or any person at the Property or the Building with the consent of the Tenant any sub-tenant or
any licensee 

  

	3.	Lease 

  

	3.1	Lease 

 The Landlord lets the Property to the Tenant with full title guarantee together with
(in common with all other persons from time to time entitled to them) the rights set out in Schedule 2 but except and reserving to the Landlord the rights set out in Schedule 3 for the Term set out in Land Registry prescribed clause LR6 subject to
all rights and covenants affecting the Property contained or referred to in Schedule 4 at a yearly rent ascertained in accordance with clause 4 
  

	3.2	Ancillary rights 

 The rights granted to the Tenant are granted in common with the Landlord any
person authorised by the Landlord and everyone else having the like or similar rights 
  

	3.3	Exclusion of implied rights 

 This Lease does not include any rights other than those set out
in Schedule 2 
  

	3.4	Reserved rights 

 The rights excepted and reserved to the Landlord are also excepted and
reserved to those authorised by the Landlord and everyone else entitled to them 
  

	4.	Rent and Rent Review 

  

	4.1	Rent 

 The yearly rent is: 

 

	 	(a)	until but excluding the Rent Commencement Date the rent of one peppercorn (if demanded) 

  

	 	(b)	from and including the Rent Commencement Date until but excluding the first Review Date the Initial Rent and 

  

	 	(c)	during each successive Review Period the greater of: 

  

	 	(i)	a rent equal to the rent previously payable under this Lease (or the rent which would be payable but for any abatement or suspension of rent under this Lease) or 

  
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	 	(ii)	the revised rent ascertained in accordance with this clause 4 on the assumption that the willing tenant will use the Property as offices within Class B1 of the Schedule to the Town and Country Planning (Use Classes)
Order 1987 as that Order is in force at the date of this Lease; or 

  

	 	(iii)	the revised rent ascertained in accordance with this clause 4 on the assumption that the willing tenant will use the Property as a retail shop within Class A1 of the Schedule to the Town and Country Planning (Use
Classes) Order 1987 as that Order is in force at the date of this Lease 

  

	4.2	Rent payment dates 

 The yearly rent is payable without any deduction withholding or set-off by
equal quarterly payments in advance on the Quarter Days. The first payment (which is an apportioned sum) is to be made on the Rent Commencement Date in respect of the period commencing on the Rent Commencement Date and ending on the day before the
next following Quarter Day 
  

	4.3	Rent review - method 

 The revised rent for any Review Period may be agreed in writing at any
time between the Landlord and the Tenant or (in the absence of agreement) determined not earlier than the relevant Review Date by an independent valuer of recognised standing and having experience in letting and valuing property of a like kind and
character to the Property and such valuer will act as an arbitrator and in accordance with the Arbitration Act 1996 
  

	4.4	Nomination 

 In the absence of agreement the independent valuer may be nominated by or on
behalf of the president for the time being of the Royal Institution of Chartered Surveyors on the application of either the Landlord or the Tenant made not earlier than three months before the relevant Review Date 

 

	4.5	Rent review - amount 

 In the case of valuation the revised rent to be determined by the valuer
will be such as he decides is the full yearly rent at which the Property might reasonably be expected to be let in the open market at the relevant Review Date: 
  

	 	(a)	after the expiry of a rent free period or a concessionary rent period given for fitting-out purposes only of such length and the giving of such other inducements (including without limitation any rental concession
capital payment or contribution to fitting out costs) given for fitting out purposes only as in either case would be negotiated in the open market between a willing landlord and a willing tenant so that the yearly rent is that payable after the
expiry of any such rent free period or concessionary rent period and after the giving of any such inducement and 

  

	 	(b)	on the assumptions set out in clause 4.6 but disregarding the matters set out in clause 4.7 

  

	4.6	Assumptions 

 The assumptions are that at the relevant Review Date: 

 

	 	(a)	the Property: 

  
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	 	(i)	is available to let on the open market by a willing landlord to a willing tenant by one lease without a premium or other payment from either party and with vacant possession for a term equal to the residue then
unexpired of the Term commencing on the relevant Review Date with the rent payable from then 

  

	 	(ii)	is to be let as a whole on a lease which is to contain the same terms as this Lease other than the amount of the rent referred to in clauses 4.1 (a) and 4.1(b) and any rent free or reduced period allowed to the
Tenant 

  

	 	(iii)	is fit and available for immediate occupation and use by the willing tenant and is fitted out for the willing tenant’s immediate use as authorised by this Lease in accordance with the willing tenant’s
requirements whether that is as offices pursuant to clause 4.1(c)(ii) or as a retail shop pursuant to clause 4.1(c)(iii) and 

  

	 	(iv)	the “Permitted Use” pursuant to the lease is use for any of the purposes within Class A1 and Class B1 in the Schedule to the Town and Country Planning (Use Classes) Order 1987 as that Order is in force at the
date of this Lease and the Property may be lawfully used for any of those purposes 

  

	 	(b)	all the covenants in this Lease by the Tenant have been performed and observed 

  

	 	(c)	no work has been carried out to the Property by the Tenant or other lawful occupier which has diminished the rental value and in case the Building has been destroyed or damaged it has been fully restored and

  

	 	(d)	if the Property or any means of access or egress or any Conduits or any parts of the Building have been destroyed or damaged or are being repaired they have been fully rebuilt reinstated and repaired 

 

	4.7	Disregards 

 The matters to be disregarded are: 

 

	 	(a)	any effect on rent of the fact that the Tenant its subtenants or their respective predecessors in title or any lawful occupier have been in occupation of the Property or any part of it 

 

	 	(b)	any goodwill attached to the Property by reason of the carrying on at it of the business of the Tenant its subtenants or their predecessors in title or any lawful occupier in their respective businesses

  

	 	(c)	any increase in rental value of the Property attributable to the existence at the relevant Review Date of any voluntary improvement to the Property carried out by and at the cost of the Tenant its subtenants or their
respective predecessors in title or any lawful occupier during the Term or during any earlier period of occupation arising out of an agreement to grant the Term or completed during the term of any prior lease of the Property of which this is a
renewal save to the extent that the Landlord has contributed to the cost of such improvement 

  

	 	(d)	so far as may be permitted by law any statutory prohibition or restriction relating to the assessment and recovery of rent and 

  
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	 	(e)	any work carried on at the Property during or prior to the Term under an agreement for the grant of the Term by the Tenant or any undertenant or other permitted occupier or their respective predecessors in title which
has diminished the rental value of the Property 

 In this clause a voluntary improvement is one carried out with the
consent of the Landlord (where required) but not under an obligation to the Landlord or its predecessors in title (and any works carried out in order to comply with statute or required or directed by any public body or in accordance with a licence
permitting alterations are not to be construed as pursuant to an obligation to the Landlord) 
  

	4.8	Valuer 

 In the case of determination by a valuer: 

 

	 	(a)	the fees and expenses of the valuer including the cost of his appointment must be borne as he decides or in the absence of any decision equally by the Landlord and the Tenant who must otherwise each bear their own costs

  

	 	(b)	the valuer must afford the Landlord and the Tenant an opportunity to make representations to him and 

  

	 	(c)	if the valuer dies delays or becomes unwilling or incapable of acting or if for any other reason the president for the time being of the Royal Institution of Chartered Surveyors or the person acting on his behalf thinks
fit he may discharge the valuer and appoint another in his place 

  

	4.9	Memorandum 

 When the revised rent has been ascertained memoranda of it must be signed by or on
behalf of the Landlord and the Tenant and annexed to this Lease and the counterpart of it and the Landlord and the Tenant must bear their own costs in respect of the memoranda 

 

	4.10	Interest 

 If the revised rent payable with effect from any Review Date has not been agreed by
that Review Date rent will continue to be payable at the rate previously payable. Forthwith on the revised rent being ascertained the Tenant must pay to the Landlord any shortfall between the rent and the revised rent payable up to and on the
preceding Quarter Day together with interest at the Interest Rate on each part of the shortfall from the date or respective dates on which each part would have been due for payment had the revised rent been ascertained before the relevant Review
Date until the date of payment 
 For the purpose of this clause the revised rent will be deemed to have been ascertained on the date when
it has been agreed between the Landlord and the Tenant or the date of the determination by the valuer 
  

	4.11	Costs 

 If either the Landlord or the Tenant fails to pay the relevant part of the fees and
expenses of the valuer under clause 4.8 within 15 Business Days of the same being demanded by the valuer other may pay the same and the amount so paid must be repaid on demand by the party chargeable and is recoverable from that party as a debt due.
If the valuer requires payment of 

  
 10 

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his fees and expenses before releasing his determination either the Landlord or the Tenant may pay them and recover the other’s share of them from the other 

 

	4.12	Time not of the essence 

 Time is not of the essence for the purposes of this clause 

 

	4.13	Statutory restrictions 

 If at the Review Date the Landlord is obliged to comply with any
statute which restricts or modifies the Landlord’s right to revise the yearly rent in accordance with the terms of this Lease or which restricts the right of the Landlord to demand or accept payment of the full amount of the yearly rent for the
time being payable under this Lease then in each case respectively: 
  

	 	(a)	the operation of the provisions for such revision of the yearly rent on the Review Date will be postponed until the first day on which such operation may lawfully occur 

 

	 	(b)	the collection of any increase in the yearly rent will be postponed until the first date or dates upon which any such increase or any part of it may lawfully be collected 

 

	5.	Service Charge 

  

	5.1	Payment 

 The Tenant must pay to the Landlord the Provisional Service Charge without any
deduction, withholding or set-off by equal quarterly payments in advance on the Quarter Days. The first payment (which is an apportioned sum) is to be made on the Service Charge Commencement Date in respect of the period commencing on the Service
Charge Commencement Date and ending on the next following Quarter Day 
  

	5.2	Account 

 As soon as possible after (and in any event within six months of) every Accounting
Date the Landlord must prepare and supply to the Tenant an account: 
  

	 	(a)	showing the Gross Expenses, the Income and the Net Expenses for the Financial Year referred to in the account 

  

	 	(b)	containing a fair summary of the items referred to in it and 

  

	 	(c)	certified by the Landlord or its agents acting in accordance with the principles of good estate management (who may be the managing agents for the Building) 

The account will be conclusive evidence of all matters of fact referred to it in it save in the case of manifest error. The Landlord must
afford the Tenant on request reasonable facilities at reasonable times for inspecting and taking copies of the accounts and receipts and other documents supporting the account 

 

	5.3	First balancing payment 

 In the case of the first Accounting Date after the Service Charge
Commencement Date, if the proportion of the Tenant’s Share of the Net Expenses shown in the account apportioned on a daily basis for the period from that date to the Accounting Date: 

  
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	 	(a)	exceeds the amount already paid as Provisional Service Charge before the first Accounting Date the Tenant must pay the excess to the Landlord within 14 days of written demand or 

 

	 	(b)	is less than the amount already paid as Provisional Service Charge before the first Accounting Date the Landlord must credit the excess to the Tenant against the next quarterly payment of Provisional Service Charge

  

	5.4	Subsequent balancing payments 

 In the case of every subsequent Accounting Date, if the
Tenant’s Share of the Net Expenses shown in the account for the period beginning on the day after the previous Accounting Date and ending on that Accounting Date: 
  

	 	(a)	exceeds the amount paid as Provisional Service Charge during that period, the Tenant must pay the excess to the Landlord within 14 days of written demand or 

 

	 	(b)	is less than the amount paid as Provisional Service Charge during that period, the Landlord must credit the excess to the Tenant against the next quarterly payment of Provisional Service Charge or repay the excess in
respect of the last year of the Term within 14 days of the account being prepared and supplied to the Tenant 

  

	5.5	Past costs 

 If the Landlord fails to include in any account for a Financial Year a sum
expended or liability incurred in that year the Landlord may include such sum or the amount of such liability in an account for the next Financial Year 
  

	5.6	Variation of Tenant’s Share 

 If the Landlord considers that having regard to the nature
and degree of use by the Tenant or the other tenants in the Building of any of the facilities referred to in the definition of Gross Expenses or any other factor which the Landlord reasonably considers relevant some proportion other than that
referred to in the definition of the Tenant’s Share ought properly to be payable by the Tenant the Landlord may substitute that other proportion in the case of that facility. But the Tenant’s Share of the Net Expenses must not be increased
by reason solely of any of the Lettable Areas being vacant or unlet 
  

	5.7	Reserved as rent 

 All sums payable under this clause are reserved as rent. 

 

	5.8	Definitions 

 In this clause: 

“Accounting Date”:  31st December or such other date as the Landlord may reasonably nominate from time to time

 “Financial Year”:  a year ending on an Accounting Date 

“Gross Expenses”:  all the expenses reasonably and properly incurred by the Landlord in connection with the matters
referred to in Schedule 6 and Gross Expenses shall not include 

  
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	 	(a)	any repair made necessary as a result of damage or destruction by any Insured Risk or an Uninsured Risk 

  

	 	(b)	the initial refurbishment reconstruction and equipping of the Building and 

  

	 	(c)	collecting rent service charge or licence fees or arranging for the review of rent and letting of any other parts of the Building. 

“Income”:  means: 
  

	 	(a)	any insurance money received under an insurance policy which the Landlord was obliged to effect under this Lease where the Landlord (acting reasonably) has incurred expenses in making good the insured loss itself in
pursuance of its obligations at clauses 7.3, 7.4 and 9.5 

  

	 	(b)	any money received from any person (other than the service charge paid by the tenants in the Building) who was liable to contribute to the cost of compliance with the Landlord’s obligations under this Lease where
the Landlord has itself incurred the expense towards which that person contributed 

 “Net
Expenses”:  the amount by which Gross Expenses exceeds Income 
 “Net Internal Area”:  has the
meaning given to that expression in the Code of Measuring Practice published by the Royal Institution of Chartered Surveyors and the Incorporated Society of Valuers and Auctioneers (Sixth Edition) 

“Provisional Service Charge”: 
  

	 	(a)	in respect of the period from the Service Charge Commencement Date to the next following Accounting Date the annual sum of £1,895.04 and 

 

	 	(b)	in respect of each subsequent Financial Year the sum reasonably fixed from time to time by the Landlord or its agents (who may be the managing agents for the Building) acting in accordance with the principles of good
estate management as being a reasonable estimate of the Tenant’s Share of the Net Expenses for the relevant Financial Year 

“Tenant’s Share”:  subject to clause 5.6 the same proportion of the Net Expenses as the Net Internal Area of
the Property from time to time bears to the Net Internal Area of the Lettable Areas from time to time 
  

	6.	Tenant’s Covenants 

  

	6.1	Introduction 

 The Tenant covenants with the Landlord to comply with its obligations set out in
this clause and in clauses 5, 8 and 9 
  

	6.2	Rent 

 The Tenant must: 

  
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	 	(a)	pay the yearly rent to the Landlord at the times and in the manner referred to in clause 4 without any deduction and (if reasonably required by the Landlord) by banker’s standing order or direct debit and

  

	 	(b)	not exercise or seek to exercise any right or claim to withhold rent or any right or claim to legal or equitable set-off 

  

	6.3	Outgoings and rates 

 The Tenant must: 

 

	 	(a)	pay all present and future Outgoings assessed charged or imposed on or payable in respect of the Property or assessed charged or imposed on or payable by the owner or occupier of the Property 

 

	 	(b)	pay the proportion properly and reasonably attributable to the Property of all Outgoings assessed charged or imposed on or payable in respect of the Property and other properties assessed charged or imposed on or
payable by the owner or occupier of the Property and other properties 

  

	 	(c)	pay all charges for the supply to and consumption at the Property of water gas and electricity and all charges for telecommunications (including equipment rents) and observe and perform all regulations of the supply
authorities and 

  

	 	(d)	where such charges as are referred to in clause 6.3(c) are made in relation to the Property and other properties or upon the owner or occupier of the Property and other properties pay the suppliers and indemnify the
Landlord against the proportion of those charges properly and reasonably attributable to the Property or its owner or occupier 

  

	 	(e)	make good any rating relief loss suffered by the Landlord due to the Landlord losing rating relief because it has been allowed to the Tenant or any subtenant or lawful occupier at the Property 

In this clause Outgoings means rates taxes duties charges assessments impositions and outgoings whether parliamentary parochial local
or of any other description and whether of the nature of capital or revenue and even though of a wholly novel character except for any payable by the Landlord in respect of its receipt of all rents receivable from the letting of the Building other
than VAT or as a result of any dealing with its reversionary interest in the Building. The proportion referred to in clauses 6.3(b) and 6.3(d) will be determined by the Landlord (acting reasonably) whose determination will be conclusive save as to
questions of law 
  

	6.4	Repair 

 The Tenant must: 

 

	 	(a)	put and keep the Property but excluding the windows and window frames) in good and substantial repair and condition but subject to clause 6.4(b) is not obliged to repair damage caused by an Insured Risk or an Uninsured
Risk 

  

	 	(b)	if directed to do so by the Landlord repair damage caused by an Insured Risk where the insurance monies are irrecoverable because of the act default or omission of the Tenant any person deriving title under the Tenant
or anyone at the Property with the express or implied authority of any of them 

  
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	 	(c)	replace all the Landlord’s fixtures and fittings in the Property which become beyond repair during the Term with others of no lesser quality 

 

	 	(d)	keep all windows and other glass in the Property (both inside and outside) clean cleaning them at least once a month and more frequently where necessary 

 

	 	(e)	enter into and maintain throughout the Term fully comprehensive maintenance contracts in respect of all plant equipment and machinery forming part of the Property with a reputable company or companies first approved by
and in forms approved by the Landlord (such approval not to be unreasonably withheld or delayed) and produce the contracts to the Landlord on demand with evidence that any payments due under them are paid up to date 

 

	 	(f)	produce to the Landlord on demand a certificate issued by an electrical contractor first approved by the Landlord (such approval not to be unreasonably withheld or delayed) that the electrical circuits within and
forming part of the Property comply with the then current regulations of the Institute of Electrical Engineers or other amended standards or recommended current codes of practice in each case as approved by the Landlord (such approval not to be
unreasonably withheld or delayed) and 

  

	 	(g)	notify the Landlord of all defects in the Property which may give rise to a liability or duty on the Landlord under common law or statute 

 

	6.5	Redecoration 

 The Tenant must redecorate the interior of the Property in every fifth year and
in the last year of the Term in colours and patterns which must be first approved by the Landlord in the last year of the Term (such approval not to be unreasonably withheld or delayed). The Tenant must also have all parts of the Property requiring
treatment for their preservation and protection treated in accordance with a reasonably approved manner for preserving and protecting them (such approval not to be unreasonably withheld or delayed). All works under this clause must be carried out in
a good and workmanlike manner and with suitable, good quality materials 
 In this clause the last year of the Term means the period
of 12 months ending at the End of the Term 
  

	6.6	Party matters 

 The Tenant must pay a fair and reasonable proportion of all costs and expenses
payable in respect of repairing, lighting, cleansing and maintaining anything used in common by the Property and any other property to the extent that those costs and expenses are not recoverable under clause 5. The proportion must be determined by
the Landlord (acting reasonably and fairly) whose determination will be conclusive save as to questions of law 
  

	6.7	Entry by the Landlord 

 The Tenant must: 

 

	 	(a)	permit the Landlord to enter the Property to examine its condition and take inventories 

  

	 	(b)	 permit the Landlord to enter the Property to exercise any of the rights reserved to the Landlord by this Lease and for any other reasonable purpose
connected with the management of the Building subject to the Landlord making good to the Tenant all damage to the Property but not being obliged to compensate the Tenant for any loss

  
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suffered by the Tenant or for any nuisance, annoyance, inconvenience, noise or vibration 

  

	 	(c)	permit the Landlord to enter the Property to carry out any assessment or inspection necessary to prepare an EPC 

  

	 	(d)	permit the Landlord and any person acting as valuer under clause 4 to enter the Property and inspect and measure the Property for all purposes connected with insurance of the Building or any part of it any action under
the Landlord and Tenant Act 1954 Part II or the implementation of clause 4 and 

  

	 	(e)	furnish all information relevant for those purposes as the Landlord or anyone having a right of entry under this clause may reasonably request 

Except in case of emergency the Landlord must give the Tenant reasonable prior written notice of at least 48 hours before exercising the right
of entry which must be exercised at reasonable times. After notice or in case of emergency the Landlord may break into the Property. The right of entry must be exercised in a reasonable manner and in such a way as not to prevent the Tenant’s
beneficial user and enjoyment of the Property so far as reasonably practicable 
  

	6.8	Remedy breaches 

 The Tenant must remedy all breaches of covenant notified by the Landlord to
the Tenant which the Tenant is liable to remedy under this Lease as soon as possible and in any event within two months after service of the notice. If the Tenant fails to do so, the Landlord may (without prejudice to the right of re-entry contained
in this Lease) enter the Property and remedy the breach. All costs and expenses incurred by the Landlord must be paid by the Tenant and will be recoverable by the Landlord as a debt on demand 

 

	6.9	Alterations 

 The Tenant must: 

 

	 	(a)	not make any alteration or addition to the Property or to any other part of the Building (other than the erection alteration or removal of internal non-structural demountable partitioning within the Property none of
which requires consent) save as permitted by clause 6.9(b) 

  

	 	(b)	not make any non-structural alteration to the Property (other than in relation to demountable partitioning as mentioned in clause 6.9(a)) without the prior consent of the Landlord which may not be unreasonably withheld
or delayed 

  

	 	(c)	not to make any alteration or addition to the Property which in the Landlord’s reasonable opinion materially adversely affects the energy efficiency or Asset Rating or (where applicable) the Operational Rating of
the Property or the Building 

 PROVIDED ALWAYS THAT before giving consent under this clause 6.9 the Landlord may require the
submission by the Tenant to the Landlord of sufficient information to enable the Landlord to assess the impact of the proposed alteration on the energy efficiency or Asset Rating or (where applicable) the Operational Rating of the Property or the
Building 
  

	 	(d)	 before the End of the Term if required to do so by the Landlord at least six months before the End of the Term where the Term expires by effluxion of
time but not otherwise remove any alteration or addition (including any made before the beginning 

  
 16 

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of the Term by the Tenant) and make good all physical damage caused by the removal to the reasonable satisfaction of the Landlord 

 

	 	(e)	not enter into any agreement with any operator conferring on the operator any right to do on the Property anything referred to in paragraphs 2(1)(a)(b) or (c) of the telecommunications code or agree to be bound by
any such right granted by another person 

  

	 	(f)	procure that no occupier of the Property or any part of it enters into any such agreement 

  

	 	(g)	forthwith notify the Landlord in writing if any operator requests the Tenant or to the knowledge of the Tenant any other person to grant the operator any such right or if any operator does anything referred to in those
paragraphs without having obtained the agreement of all persons having an interest in the Property and 

  

	 	(h)	on completion of any alterations and if required by the EPB Regulations obtain a valid EPC for the Property and deliver a copy to the Landlord within 7 days of its receipt together with details of the reference number
of such EPC (if not apparent from the copy) 

 In this clause a non-structural alteration is one which does not affect
the roof foundations or exterior of the Building or any load-bearing part of it and operator has the meaning given to that expression by paragraph 1 of the telecommunications code and telecommunications code means the code in schedule
2 of the Telecommunications Act 1984 
  

	6.10	Signs 

 The Tenant must: 

 

	 	(a)	not display on the Property any signs visible from outside the Property except those which in the Landlord’s opinion (acting reasonably) are reasonably necessary in connection with the business carried on at the
Property and which are in a form approved by the Landlord and are affixed in positions approved by the Landlord (such approval not to be unreasonably withheld or delayed) 

 

	 	(b)	at the End of the Term remove all signs (including any erected before the beginning of the Term by the Tenant) and make good all damage caused by their removal and 

 

	 	(c)	not affix any signs to any part of the Building other than the Property and not without the consent of the Landlord not to be unreasonably withheld or delayed to affix to the roof of the Building any external radio
television or other aerial or satellite dish or any pole mast flag or wire except as permitted under Schedule 2 

 In this
clause signs includes signs hoardings posters placards advertisements bills inscriptions and letters 
  

	6.11	Use 

 The Property must not be used for any purpose other than the Permitted Use 

 

	6.12	Use obligations 

 The Tenant must: 

  
 17 

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	 	(a)	not leave the Property unoccupied for more than a month without notifying the Landlord and providing the security arrangements required by the Landlord and its insurers 

 

	 	(b)	not do anything on the Property which maybe a nuisance damage danger annoyance or inconvenience to the Landlord or any nearby owner or occupier 

 

	 	(c)	not allow to pass into the Conduits serving the Property anything that may obstruct them or cause damage danger or pollution or anything poisonous or radioactive 

 

	 	(d)	not bring onto or keep in the Property anything dangerous inflammable explosive noxious or offensive 

  

	 	(e)	not use the Property for any illegal or immoral purpose or for any dangerous noxious noisy or offensive occupation or in any manner so as to be offensive to the occupiers of any nearby property 

 

	 	(f)	not use the Property for the holding of public meetings or auction sales or as a residence or sleep at the Property or keep any animal on it 

 

	 	(g)	not overload the Building or its Conduits or interfere with the ventilation heating or air-conditioning systems in the Building and operate those systems in accordance with the Landlord’s instructions

  

	 	(h)	remove all refuse daily keep the Property clean tidy and in good order and not cause the Common Parts or any other area abutting the Property to be untidy 

 

	 	(i)	not obstruct the Common Parts and not do anything as a result of which reasonable use of the Common Parts by others may be impeded 

  

	 	(j)	ensure that at all times both the Landlord and (if reasonably required by the Landlord) the police know the names home addresses and home telephone numbers of at least two keyholders of the Property 

 

	6.13	Statutory requirements 

 The Tenant must: 

 

	 	(a)	comply with every enactment and with the requirements and recommendations of every authority relating to or affecting the Property or its use or occupation or the employment of anyone at the Property or any equipment or
chattels in the Property and whether applicable to the owner landlord tenant or occupier of the Property except where such compliance is within the ambit of the Landlord’s obligations in this lease 

 

	 	(b)	in particular comply with the CAW Regulations insofar as they relate to the Property unless the Landlord gives the Tenant notice that the Landlord elects to do so 

 

	 	(c)	if the Landlord gives notice under clause 6.13(b) pay to the Landlord on demand: 

  

	 	(i)	the cost reasonably and properly incurred by the Landlord in complying with the CAW Regulations in relation to the Property and 

  
 18 

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	 	(ii)	a fair and reasonable proportion of the cost incurred by the Landlord in complying with the CAW Regulations in relation to the Building as a whole or in relation to the Retained Area and 

 

	 	(d)	comply with all requirements and recommendations of the appropriate authority and the Landlord’s insurers and all reasonable requirements of the Landlord as to means of escape from the Property in case of fire or
other emergency and as to the provision and maintenance of fire detection equipment fire alarm equipment and fire fighting equipment 

  

	 	(e)	pay to the Landlord a due proportion (to be determined by the Landlord acting reasonably) of all expenses in relation to compliance with such requirements referred to at clause 6.13(a) where they relate to both the
Property and other land 

 In this clause authority includes every government department local or other authority and
court of competent jurisdiction and the proportion referred to in clause 6.13(c)(ii) will be determined by the Landlord (acting reasonably) whose determination will be conclusive save as to questions of law 

 

	6.14	Notices 

 The Tenant must: 

 

	 	(a)	give the Landlord a copy of every notice or order and of every proposal for a notice or order issued to the Tenant its sub-tenants or any occupier of the Property or left at the Property within five Business Days of its
service 

  

	 	(b)	take all steps necessary to comply with every notice or order without delay and 

  

	 	(c)	at the request and cost of the Landlord make or join with the Landlord in making such objections or representations in respect of the notice order or proposal as the Landlord thinks fit except where the Tenant
reasonably considers any such objections are against its best interests or those of any other lawful occupier of the Property 

  

	6.15	Planning Acts 

 The Tenant must: 

 

	 	(a)	comply with the Planning Acts in relation to the Property any operations carried out at the Property and its use and not commit any breach of planning control 

 

	 	(b)	obtain from the local planning authority planning permission for the carrying out of any operation on the Property or the institution or continuance of any use which may constitute development within the meaning of the
Planning Acts 

  

	 	(c)	not make any application for planning permission without the prior consent of the Landlord to the making of the application (such application not to be unreasonably withheld or delayed) indemnify the Landlord against
all charges payable in respect of the application and repay to the Landlord all professional fees and expenses properly and reasonably incurred by the Landlord in connection with the application 

 

	 	(d)	forthwith after the grant or refusal of any application give the Landlord a copy of the permission or the refusal 

  
 19 

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	 	(e)	not make any alteration or addition to or change of use of the Property (being an alteration or addition or change of use which is prohibited by this Lease or for which the consent of the Landlord must be obtained under
this Lease and for which a planning permission must be obtained) before planning permission for it has been produced to the Landlord and acknowledged by the Landlord as satisfactory to it (such acknowledgement not to be unreasonably withheld or
delayed) but so that the Landlord may refuse to express satisfaction with the planning permission on the grounds that anything contained in it or omitted from it in the opinion of the Landlord would be or be likely to be prejudicial to the
Landlord’s interest in the Property during the Term or after the End of the Term 

  

	 	(f)	pay any charge imposed under the Planning Acts in respect of the carrying out of any operation or the institution or continuance of any use at the Property by the Tenant or any other lawful occupier 

 

	 	(g)	unless the Landlord directs otherwise carry out before the End of the Term all works required to be carried out as a condition of any planning permission which may have been implemented during the Term whether or not
the date by which the planning permission requires those works to be carried out falls within the Term 

  

	 	(h)	pay to the Landlord on demand a fair and reasonable proportion of any compensation received by the Tenant because of a restriction on the use of the Property under the Planning Acts any dispute as to the proportion to
be referred to arbitration 

  

	 	(i)	produce to the Landlord all drawings documents and other evidence required by the Landlord to satisfy itself that this clause has been complied with 

 

	 	(j)	not implement any planning permission without providing security required by the Landlord for compliance with the conditions imposed by that permission 

 

	 	(k)	not serve any purchase notice under the Planning Acts requiring any authority to purchase the Tenant’s interest in the Property without first offering to surrender this Lease at the price which might reasonably be
expected to be obtained from the authority under the purchase notice any dispute as to the amount of the price to be referred to arbitration 

  

	 	(l)	not make any objection or adverse representation in respect of any planning application made by or with the consent of the Landlord unless the Tenant reasonably considers that such application is against its best
interests or those of any other lawful occupier of the Property 

 In this clause operation and development each
includes works to any listed building which are prohibited by the Planning Acts unless authorised by them and planning permission includes listed building consent 
  

	6.16	Obstruction 

 The Tenant must not: 

 

	 	(a)	stop up darken or obstruct any window or any opening belonging to the Property or the remainder of the Building or 

  
 20 

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	 	(b)	give to any third party any acknowledgement that the Tenant enjoys the access of light or air to any of the windows or openings in the Property or in the remainder of the Building by the consent of a third party or

  

	 	(c)	pay to any third party any sum of money or enter into any agreement with any third party for the purpose of inducing or binding him to abstain from obstructing the access of light or air to any window or opening

  

	6.17	Obstruction proceedings 

 If any of the owners or occupiers of nearby land or buildings do or
threaten to do anything which obstructs or may obstruct the access of light or air to any of the windows or openings in the Property the Tenant must: 
  

	 	(a)	notify the same forthwith to the Landlord and 

  

	 	(b)	permit the Landlord to bring proceedings in the name of the Tenant but at the cost of the Landlord against any of the owners or occupiers of the nearby land or buildings in respect of the obstruction 

 

	6.18	Acquisition of rights 

 The Tenant must not allow any easement to be acquired over the Property
or the remainder of the Building. If any easement is acquired or attempted to be acquired the Tenant must give immediate notice of it to the Landlord and at the request of the Landlord and at the cost of the Tenant insofar as the easement is over
the Property but at the cost of the Landlord insofar as the easement is over the remainder of the Building adopt the course required by the Landlord for preventing the acquisition of the easement 

 

	6.19	Costs 

 The Tenant must pay on an indemnity basis all costs and expenses properly incurred by
the Landlord: 
  

	 	(a)	in or in contemplation of any proceedings relating to the Property under the Law of Property Act 1925 sections 146 and 147 or the Leasehold Property (Repairs) Act 1938 the preparation and service of any notice under
those sections or the taking of steps subsequent to such notice notwithstanding that forfeiture is avoided otherwise than by relief granted by the Court 

  

	 	(b)	in the preparation and service of any notice to re pair or any schedule of dilapidations at any time during the Term or within three months after the End of the Term 

 

	 	(c)	in connection with the recovery of arrears of Rent or other sums due to the Landlord under this Lease including the levy or attempted levy of any distress and 

 

	 	(d)	in respect of any application for consent required by this Lease whether or not the consent is granted unless such consent is unlawfully withheld (including any inspection of works authorised by the consent and of any
re-instatement of those works) 

 Where the Landlord could recover the cost of services or advice under the first part of this
clause if they were undertaken by a third party but those services or that advice are provided by the Landlord or by a company which is a member of the same group as the Landlord (within the 

  
 21 

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 meaning of section 42 of the Landlord and Tenant Act 1954) the Tenant must pay to the Landlord or
to that company a reasonable sum (plus VAT if payable) for such services or advice but not more than the amount payable by the Tenant if those services or that advice had been provided by a third party 

 

	6.20	Indemnity 

 The Tenant must: 

 

	 	(a)	pay and make good to the Landlord every loss and damage incurred or sustained by the Landlord as a consequence of every breach or non-observance of the covenants by the Tenant in this Lease and indemnify the Landlord
against all actions claims liabilities costs and expenses arising by reason of the breach and 

  

	 	(b)	indemnify and keep the Landlord indemnified from liability in respect of all loss damage actions proceedings claims demands costs damages and expenses in respect of any injury to or the death of any person or damage to
any property or in respect of the infringement disturbance or destruction of any right by reason of or arising in any way directly or indirectly out of: 

  

	 	(i)	the act omission or default of the Tenant any person deriving title under the Tenant or any person at the Property with the express or implied authority of any of them and 

 

	 	(ii)	any breach by the Tenant or by any person deriving title under the Tenant of any covenant by the Tenant or any condition contained in this Lease 

 

	6.21	Notices for sale and re-letting 

 The Tenant must: 

 

	 	(a)	permit the Landlord during the six months before the End of the Term to affix to the Property a notice for re-letting it 

  

	 	(b)	permit the Landlord at any time during the Term to affix to the Property a notice for dealing with the Landlord’s interest in the Property or the Building in such position as does not prevent access to or obscure
the windows of the Property and 

  

	 	(c)	permit all persons with written authority from the Landlord or the Landlord’s agent to view the Property at all reasonable times and upon at least 48 hours prior written notice 

 

	6.22	Regulations 

 The Tenant must observe all reasonable regulations made by the Landlord for the
proper management of the Building 
  

	6.23	New Guarantor 

 If a Guarantor’s event of default occurs the Tenant must notify the
Landlord of the event within ten Business Days of its occurrence. If the Landlord serves notice on the Tenant under this clause within 30 Business Days of service of the Tenant’s notice the Tenant must procure that guarantors acceptable to the
Landlord covenant by deed with the Landlord in the form set out in Schedule 5 

  
 22 

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 In this clause a Guarantor’s event of default is any of the following: 

 

	 	(a)	in the case of a Guarantor who is an individual: 

  

	 	(i)	the death of the individual 

  

	 	(ii)	the individual being regarded as a patient under the Mental Health Act 1983 section 94 

  

	 	(iii)	an application being made for an interim order in respect of the individual or an interim order being made under the Insolvency Act 1986 

 

	 	(iv)	the making by the individual of a proposal for a voluntary arrangement 

  

	 	(v)	a petition being presented for a bankruptcy order to be made against the individual or a bankruptcy order being made 

  

	 	(b)	in the case of a Guarantor which is a company: 

  

	 	(i)	a proposal being made to the company and to its creditors for a voluntary arrangement 

  

	 	(ii)	a petition being presented for an administration order in respect of the company or an administration order being made or documents being filed with the court for the appointment of an administrator of the company or
the directors of the company giving notice of their intention to appoint an administrator of the company 

  

	 	(iii)	the company having an administrative or other receiver or a manager appointed of the whole or any part of its property 

  

	 	(iv)	the company passing a resolution for winding up or a petition being presented for the winding up of the company or a winding up being made or the company being dissolved other than (in any such case) a voluntary winding
up of a solvent company for the purposes of amalgamation or reconstruction 

  

	 	(c)	in the case of a Guarantor who is an individual or which is a company: 

  

	 	(i)	the individual or the company entering into any kind of composition scheme of arrangement compromise or arrangement for the benefit of creditors or any class of creditors or permitting or suffering any distress or
execution to be levied on his goods at the Property 

  

	 	(ii)	there occurring in relation to the individual or the company in any country or territory in which he carries on business or to the jurisdiction of whose courts he or any of his property is subject any event which
corresponds in that country or territory with any of those mentioned in clauses 6.23(a)(ii) to 6.23(a)(v) or 6.23(b) above or the individual or the company otherwise becoming subject in any such country or territory to any law relating to insolvency
bankruptcy or winding up 

  
 23 

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	6.24	Freehold covenants 

 The Tenant must not do anything or omit to do anything which would lead to
the Landlord being in breach of the covenants contained in or referred to in the documents specified in Schedule 4 so far as they relate to the Property and are still subsisting and capable of taking effect (and save for financial charges) 

 

	6.25	Yield up 

 The Tenant must: 

 

	 	(a)	yield up the Property (except tenant’s or trade fixtures) to the Landlord at the End of the Term with vacant possession in accordance with the Tenant’s covenants in this Lease 

 

	 	(b)	make good to the reasonable satisfaction of the Landlord all damage occasioned by the removal of any tenant’s or trade fixtures and 

 

	 	(c)	deliver to the Landlord all records made by the Tenant under the CAW Regulations either during the Term or during any earlier period of occupation arising out of an agreement to grant the Term 

 

	 	(d)	hand over to the Landlord (or if requested provide copies of) any: 

  

	 	(i)	files registers or management plans (including any relating to asbestos) required to be maintained by the Tenant in connection with its covenants hereunder under health and safety legislation in relation to the Property

  

	 	(ii)	EPC for the Property together with details of the reference number of such EPC (if not apparent from the copy) 

  

	 	(iii)	air-conditioning inspection report relating to any air-conditioning system serving the Property and obtained by the Tenant as the relevant person under the EPB Regulations 

 

	 	(iv)	records in relation to the Property (including any underlet part of the Property) made for the purposes of complying with the Regulatory Reform (Fire Safety) Order 2005 including any records of findings following a fire
risk assessment of the Property (or any underlet part) 

  

	6.26	Land Registry 

 The Tenant must: 

 

	 	(a)	if an application for registration of this Lease is made to HM Land Registry provide to the Landlord official copies of the registers of title relating to this Lease and the Landlord’s title to the Property within
one month after the registration has been completed and 

  

	 	(b)	procure forthwith at the end of the Term the cancellation of any registration at the Land Registry relating to this Lease or the matters contained in this Lease 

  
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	6.27	Refuse Storage 

 The Tenant must not store refuse emanating from the Property otherwise than in
the refuse storage area provided by the Landlord and strictly comply at all times with the Refuse Storage and Management Plan as defined in the Section 106 Agreement 
  

	6.28	Section 106 Agreement 

 The Tenant must strictly comply with the Green Travel Plan and the
Servicing Management Plan (each as defined in the Section 106 Agreement) insofar as they are related to the use and occupation of the Property 
  

	6.29	Energy Performance Certificates 

 The Tenant must: 

 

	 	(a)	allow the Landlord and/or any person authorised by it to have access to all documentation data and information in the Tenant’s possession or under its control reasonably required in order to: 

 

	 	(i)	prepare an EPC for the Building 

  

	 	(ii)	prepare a DEC for the Building (where appropriate) 

  

	 	(iii)	comply with any duty imposed upon the Landlord under the EPB Regulations 

  

	 	(b)	co-operate with the Landlord and any persons so authorised so far as is reasonably necessary to enable them to carry out such functions 

 

	 	(c)	where the Tenant wishes or is required by the EPB Regulations to obtain an EPC for the Property (save where the provisions of clause 6.9(h) apply): 

 

	 	(i)	notify the Landlord in writing before obtaining an EPC and if in response to such notice the Landlord confirms that it holds a valid EPC for the Property or the Building the Tenant must use such EPC for so long as it
remains valid under the EPB Regulations and must reimburse the Landlord the reasonable cost of providing a copy of such EPC to the Tenant 

  

	 	(ii)	if the Tenant obtains an EPC that invalidates or materially adversely affects any valid EPC for the Property or the Building held by the Landlord of which the Tenant has notice the Tenant must indemnify the Landlord in
respect of any loss suffered as a consequence of the Tenant’s action including (at the Landlord’s discretion) the cost of obtaining a replacement EPC 

  

	 	(iii)	provide the Landlord with a copy of any EPC or DEC within 7 days of its receipt together with details of the reference number of such EPC or DEC (if not apparent from the copy) 

  
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	6.30	Information about the Property 

 The Tenant must: 

 

	 	(a)	from time to time on demand provide the Landlord with full particulars of all interests in the Property 

  

	 	(b)	disclose such information as the Landlord may from time to time require in relation to any application or request made or particulars produced to the Landlord 

 

	 	(c)	within 7 days of its receipt provide the Landlord with a copy of any air-conditioning inspection report relating to any air-conditioning system serving the Property and obtained by the Tenant as the relevant person
under the EPB Regulations 

  

	7.	Landlord’s Covenants 

  

	7.1	Introduction 

 Subject to clause 12.10 the Landlord covenants with the Tenant to comply with
its obligations set out in this clause and in clauses 5 and 9 
  

	7.2	Quiet enjoyment 

 The Tenant may peaceably and quietly hold and enjoy the Property during the
Term without any lawful interruption by the Landlord or any person claiming under or in trust for the Landlord 
  

	7.3	Repair of structure 

 Subject to the payment by the Tenant of the sums due under clause 5 the
Landlord must in accordance with the principles of good estate management put in and keep in good and substantial repair and condition and when the Landlord considers necessary decorate maintain and clean: 

 

	 	(a)	the roofs and foundations of the Building the floors and ceilings of the Building (but not suspended ceilings lighting floor screed and floor covering in the Lettable Areas) all load-bearing walls columns and other
load-bearing parts of the Building (other than the plaster and surface finish of those within the Lettable Areas) and all external walls including doors doorframes windows (but not cleaning of windows) and window frames (but not the plaster and
surface finish of the internal faces of those walls within the Lettable Areas) 

  

	 	(b)	the Common Parts including any walls separating them from the Lettable Areas other than the plaster and surface finish of those walls on the side next to the Lettable Areas and 

 

	 	(c)	the boundary walls and fences of the Building 

  

	7.4	Repair of conduits 

 Subject to the payment by the Tenant of the sums due under clause 5 the
Landlord must maintain in good working order and repair all Conduits in the Building excluding those the maintenance of which is the exclusive responsibility of the Tenant or of some other tenant in the Building or would be the exclusive
responsibility of a tenant if the whole of the Lettable Areas were let on similar terms to those in this Lease 

  
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	7.5	Section 106 Agreement 

 By way of indemnity only the Landlord covenants to comply with the
obligations contained in the Section 106 Agreement insofar as compliance is not the responsibility of the Tenant under this Lease and shall indemnify and keep the Tenant indemnified against any liability arising from any breach non-compliance
or non-observance of any of the obligations contained in the Section 106 Agreement other than those obligations which are the responsibility of the Tenant under this Lease 

 

	8.	Alienation 

  

	8.1	Restrictions on alienation 

 Save to the extent permitted by the following clauses of this
clause the Tenant must not part with possession of the whole or any part of the Property or part with or share occupation of the whole or any part of the Property or permit occupation by a licensee of the whole or any part of the Property or hold on
any trust the whole or any part of the Property 
  

	8.2	Assignment 

 The Tenant must not: 

 

	 	(a)	assign part of the Property nor 

  

	 	(b)	assign the whole of the Property without the prior consent of the Landlord which subject to clauses 8.3 and 8.4 may not be unreasonably withheld or delayed 

 

	8.3	Agreement as to circumstances 

 The Landlord and the Tenant agree that the Landlord may
withhold its consent to an assignment if any one or more of the following circumstances (which are specified for the purposes of section 19(1A) of the Landlord and Tenant Act 1927) exist: 

 

	 	(a)	the Landlord determines acting reasonably that the proposed assignee is not a person who is likely to be able both to comply with the tenant’s covenants in this Lease and to continue to be such a person following
the assignment 

  

	 	(b)	the Landlord determines acting reasonably that the proposed assignment may have a materially adverse effect on the value of the Landlord’s reversionary interest in the Property 

 

	 	(c)	the proposed assignee or any proposed guarantor for it (other than any guarantor under an authorised guarantee agreement) has the benefit of state or diplomatic immunity or the Landlord determines acting reasonably that
it is likely to acquire that immunity 

  

	 	(d)	the proposed assignee is a company which is a member of the same group (within the meaning of section 42 of the Landlord and Tenant Act 1954) as the Tenant except for a company registered in England and Wales whose pre
tax profits for its last financial year prior to the proposed assignment are no less than the pre tax profits of the assignor Tenant for the same period and are in any event no less than £2,250,000 

 

	 	(e)	 the proposed assignee or any proposed guarantor for it (other than any guarantor under an authorised guarantee agreement) is a corporation registered
in or an individual resident in a jurisdiction in which a judgment obtained in the courts of England and 

  
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Wales will not necessarily be enforced without any re-examination of the merits of the case 

  

	8.4	Agreement as to conditions 

 The Landlord and the Tenant agree that the Landlord may grant
consent to an assignment subject to any one or more of the following conditions (which are specified for the purposes of section 19(1A) of the Landlord and Tenant Act 1927): 
  

	 	(a)	that before the assignment the Tenant enters into and unconditionally delivers to the Landlord an authorised guarantee agreement such agreement to be a deed and to contain the provisions in Schedule 5 (with the
necessary changes) or (at the Landlord’s absolute discretion) such other provisions as the Landlord reasonably prescribes and (in either case) such ancillary provisions as the Landlord reasonably prescribes 

 

	 	(b)	that before the assignment any person (other than a former Tenant) who at the time of the application for the consent is guaranteeing the obligations and liabilities of the Tenant under this Lease or a body of equal or
greater covenant strength covenants by deed with the Landlord that the Tenant will perform its obligations under the authorised guarantee agreement required under clause 8.4(a) the deed to contain the provisions in paragraphs 1 to 4 and 9 of
Schedule 5 (with the necessary changes) and an obligation on the part of the covenantor (in the event of default on the part of the Tenant) to perform any obligation entered into by the Tenant in the authorised guarantee agreement to take up a new
lease and otherwise to be in such form as the Landlord reasonably requires 

  

	 	(c)	that before the assignment if the Landlord acting reasonably determines it to be necessary one or more guarantors acceptable to the Landlord acting reasonably covenant by deed with the Landlord in the form set out in
Schedule 5 (with the necessary changes and with such other provisions as the Landlord reasonably requires) in respect of the period ending on the date on which the assignee assigns this Lease in accordance with its terms 

 

	 	(d)	that all Rent due from the Tenant under this Lease as at the date of the assignment has been paid 

  

	 	(e)	that if the consent of any Head Landlord is required to the assignment that consent has been obtained before the assignment and 

  

	 	(f)	that the assignment is completed and registered with the Landlord in accordance with clause 8.14 within three months after the date of the consent and that if it is not then at the Landlord’s discretion the consent
will be voidable 

  

	8.5	Further agreement 

 The Landlord and the Tenant agree that the Landlord may withhold consent to
an assignment in circumstances which are not referred to in clause 8.3 if it is reasonable to do so and may grant consent subject to conditions which are not specified in clause 8.4 if the conditions are reasonable 

  
 28 

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	8.6	Underletting 

 The Tenant must not: 

 

	 	(a)	underlet part only of the Property 

  

	 	(b)	underlet the whole of the Property 

  

	 	(i)	without complying with the provisions of clauses 8.7 to 8.11 and 

  

	 	(ii)	without the prior consent of the Landlord which may not be unreasonably withheld or delayed or 

  

	8.7	Exclusion agreement 

 The Tenant must not underlet the whole of the Property without a valid
agreement between the Tenant and the intended undertenant under section 38A of the Landlord and Tenant Act 1954 excluding the provisions of sections 24 to 28 of that Act in relation to the intended underlease 

 

	8.8	Covenants on underletting 

 The Tenant must procure that any intended undertenant covenants by
deed with the Landlord: 
  

	 	(a)	to pay the rent to be reserved by and the other sums to be payable under the underlease and to perform and observe first the tenant’s covenants and the conditions to be contained in the underlease and secondly the
tenant’s covenants and the conditions in this Lease (except the covenant to pay rent and any covenant in this Lease which is inconsistent with the covenants in the underlease as authorised under clause 8.10) in respect of the period ending on
the date on which the undertenant is released by virtue of the LTC Act 1995 

  

	 	(b)	without prejudice to clause 8.8(a) not to assign the underlet property without: 

  

	 	(i)	first obtaining a deed of covenant from the intended assignee in favour of the Landlord in the same form (with the necessary changes) as the deed referred to in this clause including (without limitation) the covenants
in this clause 8.8(b) and 

  

	 	(ii)	if the Landlord reasonably requires first obtaining a deed from one or more guarantors acceptable to the Landlord acting reasonably in favour of the Landlord guaranteeing the due and punctual payment and performance of
all the obligations and liabilities of the intended assignee under the deed referred to in clause 8.8(b)(i) the deed to contain the provisions in paragraphs 1 to 4 and 9 of Schedule 5 (with the necessary changes) and otherwise to be in such form as
the Landlord reasonably requires 

  

	 	(c)	 (if the liability of the Tenant is disclaimed by or on behalf of the Tenant and if so required by the Landlord by written notice to the undertenant
within four months after such disclaimer) to take from the Landlord and execute and deliver to the Landlord a counterpart of a new lease of the Property or the Property underlet as the case may be for the residue of the term of the underlease
unexpired at the date of such disclaimer at the same rents as are reserved from time to time by and subject to the same covenants and provisions as are contained in the relevant underlease and the undertenant will on

  
 29 

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demand pay the Landlord’s reasonable and proper expenses in connection with such new lease 

  

	8.9	Guarantee on underletting 

 If the Landlord reasonably requires the Tenant must procure that
before the underlease is granted one or more guarantors acceptable to the Landlord acting reasonably guarantee (by way of deed) to the Landlord in respect of the period ending on the date on which the undertenant assigns the underlease in accordance
with its terms and is released by virtue of the LTC Act 1995 the due and punctual payment and performance of all the obligations and liabilities of the intended undertenant the guarantee to contain the provisions in paragraphs 1 to 4 and 9 of
Schedule 5 (with the necessary changes) and otherwise to be in such form as the Landlord reasonably requires 
  

	8.10	Form of underlease 

 The Tenant must procure that every underlease: 

 

	 	(a)	contains the same tenant’s covenants and other terms and conditions as arc contained in this Lease subject only to: 

  

	 	(i)	such amendments as may be provided for in clauses 8.10(b) and 8.10(d) and 

  

	 	(ii)	such amendments as may reasonably be required by the Tenant having regard only to the duration of the proposed underlease and as may be approved by the Landlord such approval not to be unreasonably withheld

  

	 	(b)	does not permit any assignment underlease or other dealing or disposal of the Property save in accordance with the terms of this Lease 

 

	 	(c)	provides that where the underlease requires the undertenant to obtain the landlord’s consent the undertenant must obtain also the consent of the Landlord 

 

	 	(d)	contains provisions that require a review of the rent payable under the underlease to open market rent in accordance with the provisions of this Lease at the Review Date but this paragraph does not prohibit an
underlease of the Property upon terms that require review of the rent payable under the underlease at dates additional to the Review Date under this Lease 

  

	8.11	Underlease requirements 

 The Tenant must: 

 

	 	(a)	not grant any underlease at a fine or premium 

  

	 	(b)	not grant any underlease at a rent which at the time of the grant of the underlease is less than the open market rent of the Property 

 

	 	(c)	not accept the surrender of or vary the terms of any underlease or release the undertenant from any covenant or condition in the underlease without the prior consent of the Landlord which in the case only of a surrender
may not be unreasonably withheld or delayed 

  
 30 

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	 	(d)	not waive any breach of any of the covenants on the part of the undertenant and the conditions contained in any underlease but take all such steps as are lawfully available to the Tenant (including re-entry) to enforce
those covenants and conditions 

  

	 	(e)	procure that the rent reserved by any underlease is reviewed in accordance with the provisions of the underlease but not agree any revised rent with the undertenant without the prior consent of the Landlord (such
consent not to be unreasonably withheld) 

  

	 	(f)	if on any rent review under any underlease the revised rent is to be determined by an independent third party procure that subject in the case of an expert witness to his primary duty to that third party any
representations which the Landlord wishes to make concerning the revised rent are put forward to the third party at the same time as the representations of the Tenant and as though they were representations made by the Tenant subject to their being
representations with which the Tenant or its expert witness agree 

  

	 	(g)	procure that on any assignment of any underlease the outgoing undertenant enters into an authorised guarantee agreement and where appropriate guarantors enter into a contractual guarantee in each case with the landlord
under the underlease in accordance with the provisions of the underlease 

 In clauses 8.11(c) to 8.11(g) an underlease
includes any lease where by virtue of the grant of this Lease the Tenant under this Lease becomes the holder of the immediate reversion to that lease 
  

	8.12	Associated companies 

 The Tenant may share the occupation of the whole or any part of the
Property with a company which is a member of the same group as the Tenant (within the meaning of section 42 of the Landlord and Tenant Act 1954) for so long as both companies remain members of that group and provided that: 

 

	 	(a)	no relationship of landlord and tenant is created between the two companies and no security of tenure is conferred upon the occupier and 

 

	 	(b)	within 15 Business Days of the commencement of the sharing the Tenant gives to the Landlord notice of the company sharing occupation and the address of its registered office 

 

	8.13	Charging 

 The Tenant must not: 

 

	 	(a)	charge part of the Property or 

  

	 	(b)	charge the whole of the Property without the prior consent of the Landlord which may not be unreasonably withheld or delayed 

  

	8.14	Registration of dealings 

 Within 10 Business Days of every assignment transfer underlease or
charge of the Property or the creation or transfer of any interest derived out of the Term or any devolution of the interest of the Tenant or any person deriving title under the Tenant the Tenant must produce a certified

  
 31 

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copy of the assignment transfer underlease or charge or (in the case of a devolution) the document evidencing the devolution or under which it arises and in the case of an underlease in respect
of which the provisions of sections 24 to 28 (inclusive) of the Landlord and Tenant Act 1954 have been excluded a certified copy of the notice served by the landlord and the tenant’s declaration or statutory declaration in response pursuant to
Section 38A of that Act 
  

	9.	Insurance 

  

	9.1	Landlord’s insurance obligations 

 Unless the insurance is vitiated by any act default or
omission of the Tenant any person deriving title under the Tenant or any person at the Property with the express or implied authority of any of them the Landlord must keep the Building (other than plate glass and tenant’s or trade fixtures
which the Tenant or the tenants of other parts of the Lettable Areas are entitled to remove) insured with substantial and reputable insurers or underwriters selected by the Landlord (acting reasonably) in accordance with the provisions of this
clause to the extent to which the Building is insurable and subject to all usual and commercial exclusions limitations and excesses imposed by the insurers 
  

	9.2	Sum and risks insured 

 The Building must be insured in a sum not less than its full
reinstatement cost (as determined from time to time by the Landlord acting reasonably) against loss or damage by the Insured Risks 
  

	9.3	Fees and loss of Rent 

 The insurance must extend to; 

 

	 	(a)	architects’ and other professional fees in relation to the reinstatement of the Building for a minimum sum of 15 per cent, of the amount insured in respect of the Building; 

 

	 	(b)	VAT the costs of demolition temporary support and protection and removal of debris and 

  

	 	(c)	loss of rent for such period as the Landlord may decide (but for a period of at least three years) in an amount which takes into account the Landlord’s reasonable estimate of potential increases in rent

  

	9.4	Production of policy 

 Whenever reasonably required to do so by the Tenant but not more often
than once a year the Landlord must produce to the Tenant at the Landlord’s office a copy of the insurance policy or other evidence of it and evidence of payment of the last premium 

 

	9.5	Reinstatement 

 Subject to clause 9.14 if the Properly or the means of access to it within the
Building is destroyed or damaged by any of the Insured Risks the Landlord must use all reasonable endeavours to: 
  

	 	(a)	obtain all consents and permissions necessary for reinstatement as soon as reasonably possible (but the Landlord will not be obliged to institute or pursue any appeal) 

  
 32 

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	 	(b)	subject to 

  

	 	(i)	obtaining those consents and permissions 

  

	 	(ii)	the necessary labour and materials being available and 

  

	 	(iii)	the payment by the Tenant to the Landlord of any money payable by it under clause 9.9 lay out as soon as practicable all insurance monies received by the Landlord (other than for fees and loss of rent) in reinstating
the Property (other than plate glass and tenant’s or trade fixtures which the Tenant is entitled to remove) or the means of access to it within the Building and 

 

	 	(c)	subject to the Tenant complying with its obligations in clauses 9.6 to 9.10 inclusive make good out of the Landlord’s own monies any deficiency (other than one arising from an exclusion limitation or excess imposed
by the insurers) 

 In reinstating the Property the Landlord may make such variations to its design as the Landlord decides
(acting reasonably) so long as the Tenant is provided with accommodation reasonably equivalent to that previously comprised in the Property 
  

	9.6	Tenant’s insurance obligations 

 The Tenant must: 

 

	 	(a)	(pay to the Landlord within 14 days of written demand a fair and reasonable proportion of: 

  

	 	(i)	every premium payable by the Landlord (including any part of it which the Landlord is entitled to retain by way of commission) for insuring the Building in accordance with its obligations in clause 9.1 and for effecting
insurance in respect of liability to third parties including members of the public and such other insurances as the Landlord considers desirable (acting reasonably) 

 

	 	(ii)	where the policy includes the Building and other properties the proportion properly and reasonably attributable to the Building of every premium payable by the Landlord (including any part of it which the Landlord is
entitled to retain by way of commission) for insuring the Building and the other properties in accordance with its obligations in clause 9.1 and for effecting (in relation to the Building and the other properties) the other insurances referred to in
clause 9.6(a)(i) the proportion to be determined by the Landlord (acting reasonably) whose determination will be conclusive save as to questions of law 

  

	 	(iii)	in the case of any Insured Risk any sum arising from an exclusion limitation or excess and deducted or deductible by the insurers on any claim made by the Landlord 

 

	 	(iv)	all costs and expenses reasonably and properly incurred by the Landlord in obtaining annual desktop and three yearly formal insurance valuations 

 

	 	(b)	 insure all plate glass in the Property against all risks with an insurance company approved by the Landlord in the joint names of the Landlord and the
Tenant and on 

  
 33 

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demand produce a copy of the insurance policy and evidence of payment of the last premium to the Landlord 

 

	 	(c)	give the Landlord written notice of the estimated reinstatement cost of any fixtures and fittings installed from time to time by the Tenant which may become landlord’s fixtures and fittings 

All sums payable by the Tenant under clause 9.6(a) are reserved as rent 

 

	9.7	Vitiation 

 The Tenant must: 

 

	 	(a)	not use the Property or carry on any business at the Property or do or omit to do at the Property anything which may make void or voidable any policy for the insurance of the Building or any nearby property of the
Landlord and 

  

	 	(b)	comply with all requirements of the Landlord’s insurers 

  

	9.8	Increased premium 

 The Tenant must: 

 

	 	(a)	without the prior consent of the Landlord not use the Property or carry on any business at the Property or do or omit to do at the Property anything which may increase the premium payable for the insurance of the
Building and 

  

	 	(b)	if consent is given repay within 14 days of written demand to the Landlord any increased insurance premium payable by the Landlord 

  

	9.9	Irrecoverable reinstatement cost 

 If the Building is destroyed or damaged by any of the
Insured Risks and the insurance money under any insurance effected by the Landlord is wholly or partly irrecoverable because of any act default or omission of the Tenant any person deriving title under the Tenant or any person at the Property with
the express or implied authority of any of them the Tenant must: 
  

	 	(a)	pay to the Landlord on demand the whole or the appropriate proportion of the cost of reinstating the Building rendered so irrecoverable and 

 

	 	(b)	if required by the Landlord provide security acceptable to the Landlord acting reasonably for the amount referred to in clause 9.9(a) before the Landlord starts reinstatement 

Any dispute as to the amount of such proportion must be referred to arbitration 

 

	9.10	Notice of damage 

 If the Property or the means of access to it within the Building is
destroyed or damaged by any of the Insured Risks the Tenant must give notice to the Landlord as soon as the destruction or damage comes to the notice of the Tenant 
  

	9.11	Double insurance 

  
 34 

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 The Tenant must not effect any insurance relating to the Property against any of the Insured
Risks. If the Tenant is entitled to the benefit of any insurance in respect of the Property the Tenant must pay to the Landlord ail monies received by virtue of the insurance to enable the Landlord to apply them in making good the loss or damage in
respect of which they have been received 
  

	9.12	Relevant matters 

 The Tenant: 

 

	 	(a)	must forthwith notify the Landlord in writing of any relevant matter and 

  

	 	(b)	warrants that all relevant matters existing or arising as regards Expedia.com Limited on or before today’s date or existing or arising as regards any subsequent person becoming the Tenant on or before the date of
assignment or other devolution of title have been notified to the Landlord in writing prior to today’s date or prior to execution of the assignment or the date of the devolution as the case may be 

In this clause relevant matter means any matter that a prudent insurer or underwriter might treat as material in deciding whether or on what
terms to insure or to continue to insure the Building including (without limitation) the conviction judgment or finding of any court or tribunal relating to the Tenant or any director other officer or major shareholder of the Tenant of such a nature
that a prudent insurer or underwriter might treat as so material 
  

	9.13	Cesser of rent 

 If the Property or any part of it or the means of access to it within the
Building is destroyed or damaged by any of the Insured Risks or there is Major Damage caused by an Uninsured Risk so as to render the Property unfit for occupation or use or inaccessible the rent referred to in clause 4.1 and the sums payable under
clause 5 or a fair proportion of them according to the nature and extent of the damage sustained will be suspended until the Property has been reinstated and made fit for occupation and use and accessible or (in the case of damage by an Insured
Risk) until the end of the period for which the Landlord has insured against loss of rent, whichever first occurs. Any dispute as to the amount of the proportion must be referred to arbitration. This clause does not apply if and to the extent that
the insurance monies in respect of loss of rent arc wholly or partially irrecoverable solely or partly because of the act, default or omission of the Tenant or any person deriving title under the Tenant or any person at the Property with the express
or implied authority of any of them 
  

	9.14	Suspension of reinstatement obligation 

 The Landlord is not obliged to reinstate the Building
in accordance with clause 9.5 
  

	 	(a)	if the insurance is vitiated by any act default or omission of the Tenant any person deriving title under the Tenant or any person at the Property with the express or implied authority of any of them or

  

	 	(b)	while prevented by a supervening event 

  

	9.15	Supervening event 

 In clause 9.14 a supervening event means any of the following: 

  
 35 

(22757178.08) 

	 	(a)	inability of the Landlord to obtain the consents and permissions referred to in clause 9.5 despite using a!) reasonable endeavours to do so 

 

	 	(b)	grant of any of the consents or permissions subject to a lawful condition with which it would be unreasonable to expect the Landlord to comply or the Landlord being requested as a precondition to obtaining any of the
consents or permissions to enter into an agreement with the planning authority or any other authority containing conditions with which it would be unreasonable to expect the Landlord to comply 

 

	 	(c)	inability of the Landlord to obtain access to the site to reinstate 

  

	 	(d)	prevention of reinstatement by any cause beyond the reasonable control of the Landlord 

  

	9.16	Termination 

  

	 	(a)	If: 

  

	 	(i)	the insurance is vitiated by any act default or omission of the Tenant any person deriving title under the Tenant or any person at the Property with the express or implied authority of any of them or 

 

	 	(ii)	the Landlord cannot commence reinstatement within twelve months from the date of destruction or damage because of a supervening event 

and in either case the Property or a substantial part of it is unfit for occupation or use or inaccessible the Landlord may determine the
Term by serving notice on the Tenant at any time within six months of the end of the twelve month period. On service of the notice the Term will cease but without prejudice to any rights that the Landlord may have against the Tenant or vice versa or
any Guarantor for breach of any of the covenants by the Tenant or the Landlord or any Guarantor or the conditions in this Lease and all insurance monies will belong to the Landlord 

 

	 	(b)	If the Property or any part of it or the means of access to it within the Building is destroyed or damaged by any of the Insured Risks or any Uninsured Risks and the destruction or damage is not made good to make the
Property fit for occupation and use and accessible within three years of such destruction (or such longer period covered by the Landlord’s loss of rent insurance policy) either party may determine the Term by serving notice on the other at any
time after the end of the three years or such longer period as aforesaid. On service of the notice the Term will cease but without prejudice to any rights any party may have against the other and all insurance monies will belong to the Landlord

  

	9.17	Uninsured Risk 

 If the Property or any part of it or the means of access to it within the
Building is destroyed or damaged by an Uninsured Risk then if: 
  

	 	(a)	the damage does not constitute Major Damage the Landlord will be obliged to make good the damage to the Property and the access thereto at its own cost and as expeditiously as possible and there will be no cesser of
rent pursuant to clause 9.13 but 

  

	 	(b)	if the damage constitutes Major Damage then: 

  
 36 

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	 	(i)	the Landlord may elect to (but is not obliged to) re-instate the damage to the Property and the access thereto 

  

	 	(ii)	if it does not so elect within 12 months of the date of damage then either the Landlord or the Tenant may determine the Term by serving written notice on the other at any time after the end of the 12 month period

  

	 	(iii)	if the Landlord does elect to re-instate then the Landlord shall be obliged to reinstate the Property and the access thereto at its own cost as if the damage were caused by an Insured Risk and 

 

	 	(iv)	Clause 9.13 will apply from the date of damage as if the destruction or damage was caused by an Insured Risk 

  

	9.18	Landlord’s Obligations 

 The Landlord will use all reasonable endeavours in relation to
the insurance of the Building to: 
  

	 	(a)	procure that the Tenant’s interest is noted or endorsed on the policy and 

  

	 	(b)	provide to the Tenant on demand written confirmation from its insurers that they have agreed to waive all rights of subrogation against the Tenant 

 

	10.	Re-entry 

  

	10.1	Re-entry 

 If an Event of Default occurs then notwithstanding the waiver of any previous right
of re-entry the Landlord may re-enter the Property or any part of it when the Term will cease but without prejudice to any rights or remedies which may then have accrued to the Landlord against the Tenant or vice versa or any Guarantor in respect of
any antecedent breach of any of the covenants or obligations of the Tenant or the Landlord or any Guarantor contained in this Lease (including the breach in respect of which re-entry is made) 

 

	10.2	Event of Default 

 In this clause an Event of Default is any one of the following; 

 

	 	(a)	the Rent or any part of it being in arrear and unpaid for 21 Business Days after becoming payable (whether formally demanded or not) or 

 

	 	(b)	a breach by the Tenant of any of the covenants by the Tenant in this Lease or 

  

	 	(c)	the Tenant or any Guarantor (being a company) being deemed unable to pay its debts under section 123 of the Insolvency Act 1986 or the Tenant or any Guarantor (being a company) passing a resolution for winding-up or the
directors of any of them presenting a petition for winding-up or an order for the winding-up of the Tenant or any Guarantor being made (other than (in any such case) a voluntary winding-up of a solvent company for the purposes of amalgamation or
reconstruction) or the Tenant or any Guarantor being dissolved or 

  

	 	(d)	 the Tenant or any Guarantor (being a company) having an administrative or other receiver or a manager appointed of the whole or any part of its
property or a petition being presented for an administration order or an administration order being made in 

  
 37 

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respect of the Tenant or any Guarantor or documents being filed with the court for the appointment of an administrator of the Tenant or any Guarantor or the directors of the Tenant or any
Guarantor giving notice of their intention to appoint an administrator of the Tenant or any Guarantor or 

  

	 	(e)	the Tenant or any Guarantor (being an individual) presenting a petition for a bankruptcy order to be made against him or a bankruptcy order being made against the Tenant or any Guarantor or 

 

	 	(f)	in relation to the Tenant or any Guarantor (whether an individual or a company) a proposal being made or the Tenant or any Guarantor (whether a company or an individual) entering into any kind of composition scheme of
arrangement compromise or arrangement for the benefit of creditors or any class of creditors or permitting or suffering any distress or execution to be levied on his goods or 

 

	 	(g)	there occurring in relation to the Tenant or any Guarantor in any country or territory in which any of them carries on business or to the jurisdiction of whose courts any of them or any of the property of any of them is
subject any event which corresponds in that country or territory with any of those mentioned in clauses 10.2(c) to 10.2(f) above or the Tenant or any Guarantor otherwise becoming subject in any such country or territory to any law relating to
insolvency bankruptcy or winding up 

  

	11.	Value Added Tax 

  

	11.1	Payment 

 If any VAT is chargeable on any supply under or pursuant to this Lease the Tenant
must pay the amount of that VAT in addition to the consideration for the supply 
  

	11.2	VAT exclusive 

 Without limiting clause 11.1 each sum reserved or payable by the Tenant under
this Lease is exclusive of VAT (if any) and is accordingly to be construed as a reference to that sum plus any VAT in respect of it and where any sum is reserved as rent the VAT is also reserved as rent 

 

	11.3	Other supplies 

 If VAT is chargeable on any supply made by the Landlord to the Tenant for
which a sum is not reserved or payable under this Lease the Tenant must pay that VAT to the Landlord against issue of a VAT invoice 
  

	11.4	Third party payments 

 Where under this Lease the Tenant must: 

 

	 	(a)	make any payment to the Landlord or any other person (including without limitation by way of service charge indemnity or reimbursement) by reference to any amount incurred or which will or may be incurred by the
Landlord or any other person or 

  

	 	(b)	otherwise pay all or part of the consideration for any supply made to the Landlord or any other person 

  
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 then without prejudice to clauses 11.1 to 11.3 the Tenant must pay an amount equivalent to any
VAT in respect of the amount or consideration except to the extent that the VAT is recoverable by the Landlord or any other person as appropriate 
  

	11.5	Recoverability 

 For the purposes of clause 11.4 VAT is recoverable by a person if that person
(or any company treated as a member of the same VAT group as that person) is entitled to credit for it as input tax under sections 25 and 26 VAT Act 1994. For the avoidance of doubt VAT is not recoverable by a person only because he could elect to
waive exemption but has not done so 
  

	11.6	Estimates 

 Where for the purposes of this Lease it is necessary to calculate or estimate the
cost or value of anything including any building structure work item act or service the cost or value must be calculated or estimated so as to include any VAT which will or may be incurred 

 

	11.7	Outgoings 

 This clause does not affect the generality of clause 6.3 (Outgoings) of this
Lease 
  

	11.8	VAT invoice 

 The Landlord must issue the Tenant with a proper VAT invoice in respect of any
supply by the Landlord to the Tenant and the Tenant must issue the Landlord with a proper VAT invoice in respect of any taxable supply by the Tenant to the Landlord 
  

	11.9	The Tenant must not take any action or permit any action to be taken which would result in the disapplication of the Landlord’s option to tax 

 

	12.	General 

  

	12.1	Interest and powers of recovery 

 If any Rent or other sum payable under this Lease is not paid
on the day on which it is due it will bear interest from that day until the date of payment at the Default Interest Rate compounded quarterly. Every amount payable under this Lease is reserved as rent and is recoverable as rent in arrear 

 

	12.2	Interest on breach 

 Without prejudice to clause 12.1 if: 

 

	 	(a)	there is any breach by the Tenant of its obligations under this Lease and 

  

	 	(b)	the Landlord serves notice on the Tenant that by reason of that breach the Landlord will not for the time being accept any sums (including the Rent) payable by the Tenant under this Lease 

the Tenant must pay to the Landlord on demand interest at the Default Interest Rate on the sums due to the Landlord under this Lease in
respect of the period from the date of service of the notice or from the date when the particular sum fell due (whichever is the later) until whichever is the earlier of the date of the acceptance by the Landlord of the sum due and the date on which
the breach is remedied 

  
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	12.3	Disputes 

 In relation to disputes: 

 

	 	(a)	any statement in this Lease that a dispute must be referred to arbitration means that the dispute must be determined by a single arbitrator agreed by the Landlord and the Tenant or failing agreement by a single
arbitrator appointed by the president or his deputy for the time being of the Royal Institution of Chartered Surveyors in accordance with the Arbitration Act 1996 and 

 

	 	(b)	any dispute between the Tenant and any tenant or occupier of any other property owned or leased by the Landlord about any right in connection with the use of the Property and the other property or about any boundary
structure separating the Property from the other property may be determined by the Landlord whose determination will be conclusive save as to questions of law 

  

	12.4	Compensation 

 Subject to the provisions of section 38(2) of the Landlord and Tenant Act 1954
neither the Tenant nor any person deriving title under the Tenant will be entitled on quitting the Property to any compensation under section 37 of that Act 
  

	12.5	Joint and several liability 

 Where the Tenant or any Guarantor is more than one person: 

 

	 	(a)	those persons are jointly and severally responsible in respect of every obligation undertaken by them under this Lease and 

  

	 	(b)	the Landlord may release or compromise the liability of any of those persons under this Lease or grant any time or other indulgence without affecting the liability of any other of them 

 

	12.6	Whole agreement 

 This Lease contains the whole agreement between the parties relating to the
transaction contemplated by this Lease and supersedes all previous agreements between the parties relating to the transaction 
  

	12.7	Representations 

 The Tenant acknowledges that in agreeing to enter into this Lease the Tenant
has not relied on any representation warranty collateral contract or other assurance save for written replies to written enquiries raised by the Tenant’s solicitors 
  

	12.8	Rights of entry 

 All rights of entry exercisable by the Landlord extend to include (without
limitation) its employees agents surveyors contractors and licensees with or without plant equipment appliances and materials 

  
 40 

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	12.9	Interpretation of covenants 

 Any covenant by the Tenant not to do or omit anything must be
construed as though the covenant were in addition a covenant not to permit or suffer that thing to be done or omitted to be done 
  

	12.10	Landlord’s covenants 

 The Landlord will not be liable to the Tenant for any breach of its
obligations in Clauses 7.3 and 7.4: 
  

	 	(a)	unless the Tenant has given the Landlord notice of the breach or the Landlord is aware or should reasonably be aware of the breach and has failed to remedy the breach within a reasonable time or 

 

	 	(b)	where the breach was caused by something beyond the control of the Landlord provided that the Landlord uses all reasonable endeavours to remedy the breach except to the extent that: 

 

	 	(i)	the breach could have been prevented or 

  

	 	(ii)	the consequences of the breach could have been lessened or 

  

	 	(iii)	the time during which the consequences of the breach were experienced could have been shortened 

by the exercise of reasonable skill by the Landlord or those undertaking the obligation on its behalf 

 

	12.11	Head Lease and Charge 

 Where there is a Head Lease or where the interest of the Landlord or
any Head Landlord is charged: 
  

	 	(a)	any right exercisable by the Landlord is exercisable by every Head Landlord and every Chargee 

  

	 	(b)	where the Tenant must obtain consent from the Landlord the Tenant must obtain consent from every Head Landlord and every Chargee where the Head Lease or the Charge so provide and nothing contained in this Lease will be
construed as imposing on any Head Landlord or any Chargee an obligation not to refuse consent unreasonably or indicating that such an obligation is imposed on any Head Landlord or any Chargee by virtue of the terms of the Head Lease or the Charge

  

	 	(c)	where the Tenant must repay to the Landlord any expenses incurred by the Landlord then if any expenses are incurred by any Head Landlord or any Chargee the Tenant must repay those expenses also 

 

	 	(d)	any indemnities in favour of the Landlord are deemed to incorporate indemnities in favour of every Head Landlord and every Chargee 

In this clause Charge means any mortgage or charge (fixed or floating legal or equitable) affecting the interest of the Landlord or any Head
Landlord in the Property and Chargee must be construed accordingly 

  
 41 

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	12.12	Tenant’s possessions 

 If after the Tenant has vacated the Property at the End of the Term
any of the Tenant’s possessions remain on the Property and the Tenant fails to remove them within ten Business Days after being requested to do so by the Landlord then: 
  

	 	(a)	the Landlord may dispose of the possessions as agent for the Tenant 

  

	 	(b)	(if disposal is by sale) then subject to clause 12.12(c) the landlord must hold the proceeds of sale after deducting the costs and expenses of removal storage and sale incurred by it to the order of the Tenant

  

	 	(c)	if the Tenant fails to claim the proceeds of sale within 60 Business Days of the date of the sale the Landlord may keep them 

  

	 	(d)	the Tenant indemnifies the Landlord against: 

  

	 	(i)	any liability incurred by the Landlord to any third party whose possessions have been sold by the Landlord in the mistaken belief (which must be presumed) that the possessions belonged to the Tenant 

 

	 	(ii)	any damage caused to the Property by the possessions and 

  

	 	(iii)	all loss damage actions proceedings claims demands costs damages and expenses incurred or suffered by or brought or awarded against the Landlord as a result of the presence of the possessions on the Property after the
Tenant has left it at the End of Term 

  

	12.13	Other land 

 Nothing contained in or implied by this Lease: 

 

	 	(a)	imposes or is deemed to impose any restriction on the use of any property not comprised in this Lease or 

  

	 	(b)	gives the Tenant: 

  

	 	(i)	the benefit of or the right to enforce or to have enforced or to prevent the release or modification of any covenant lease condition or stipulation entered into by any purchaser or tenant from the Landlord or any Head
Landlord in respect of any property not comprised in this Lease or 

  

	 	(ii)	the right to prevent or restrict in any way the development of any land not comprised in this Lease or 

release the Tenant from the covenants by the Tenant in this Lease notwithstanding that the Landlord has waived or released temporarily or
permanently revocably or irrevocably or in any other way a similar covenant or similar covenants affecting any property not comprised in this Lease 

  
 42 

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	12.14	Perpetuity period 

 The perpetuity period applicable to this Lease is 80 years beginning on the
date of this Lease and whenever in this Lease either the Landlord or the Tenant is granted a future interest it must vest within that period and if it has not it will be void for remoteness 

 

	12.15	Severance 

 To the extent that any provision of this Lease is rendered void by section 25 of
the LTC Act 1995 that provision must be severed from the remainder of this Lease which remains in full force and effect. In this clause provision includes a clause or a schedule or any part of any of them 

 

	12.16	Notices in writing 

 Every notice consent approval or direction given under this Lease must be
in writing 
  

	12.17	Counterparts 

 This Lease may be executed in any number of counterparts all of which taken
together constitute one and the same lease and any party may enter into this Lease by executing a counterpart 
  

	12.18	Exclusion of third party rights 

 A person who is not a party to this lease may not enforce any
of its terms under the Contracts (Rights of Third Parties) Act 1999 
  

	12.19	No warranty 

 The Landlord gives no express or implied warranty as to the condition of the
Building or that the Property are suitable for the Tenant’s purposes or that the Permitted Use will be or remain a lawful or authorised use under the Planning Acts or otherwise 

 

	12.20	Common Parts 

 The Landlord acting reasonably may from time to time change the location area or
arrangements for use by the Tenant of any part of the Common Parts or Conduits so long as there remains available for the benefit of the Property rights reasonably commensurate and no less commodious (albeit temporary) with those granted by this
Lease 
  

	12.21	Data Protection Act consent 

 For the purposes of the Data Protection Act 1998 or otherwise the
Tenant and any Guarantor agree that information held by the Landlord relating to this Lease may be disclosed to third parties in connection with the management of and/or any disposal or other dealing with the whole or any part or parts of the
Landlord’s interest in the Building 
  

	13.	Notices 

 Any notice or other document served under this Lease may be served in any way
in which a notice required or authorised to be served under section 196 of the Law of Property Act 1925 may be served 

  
 43 

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	14.	Guarantor 

 The Guarantor covenants with the Landlord in the terms set out in Schedule 5
in respect of the period from the Term Commencement Date until the date on which Expedia.com Limited is released by virtue of the LTC Act 1995 
  

	15.	Governing Law 

 This Lease is governed by and must be construed in accordance with
English law 
  

	16.	Jurisdiction 

  

	16.1	The English courts have exclusive jurisdiction to settle any dispute arising out of or in connection with this Lease and the parties submit to the exclusive jurisdiction of the English courts 

 

	16.2	The Landlord’s address in England for service of all notices and proceedings is care of Draco Management Office The Manor Pilton Somerset BA4 4BE and the Landlord agrees that this will remain the address for
service of proceedings and notices unless and until the Tenant has received written notice from the Landlord nominating an alternative address for service which must be in England 

 

	17.	Process Agent 

 The Guarantor irrevocably appoints Expedia.com Limited
as its agent in England for service of process 
  

	18.	Waiver 

 The parties waive any objection to the English courts on the grounds that they
are an inconvenient or inappropriate forum to settle any such dispute 
 IN WITNESS of which this Lease has been executed as a deed
and has been delivered on the date which first appears on page 1 

  
 44 

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 Schedule 1 

THE BUILDING AND THE PROPERTY 

PART 1 
 THE BUILDING

 The building known as Seven Dials Warehouse 42/50 Earlham Street London WC2H 9LA as the same is registered at HM Land Registry under
title number NGL422086 
 PART 2 

THE PROPERTY 
 The
Property shown edged red on the Plans being on the ground and mezzanine floors of the Building including: 
  

	(a)	all walls (other than load-bearing walls) within the Property 

  

	(b)	one half (severed vertically) of all walls (other than load-bearing walls) separating the Property from other parts of the Building 

 

	(c)	the plaster and surface finish of the external and load-bearing walls and columns bounding or within the Property and the plaster and surface finish of all load-bearing walls separating the Property from the Retained
Area but not any other part of those walls and columns 

  

	(d)	the floor finishes but nothing below them 

  

	(e)	the ceiling finishes (including suspended ceilings and lighting) but nothing above them 

  

	(f)	the doors and their frames and the windows and their frames 

  

	(g)	all fixtures and all landlord’s fittings 

  

	(h)	all Conduits serving solely the Property 

  

	(i)	the lifts and staircases within the Property and 

  

	(j)	all plant solely serving the Property whether forming Landlord’s plant or Tenant’s plant and whether within the Property or on the roof of the Building 

but excluding the external and load-bearing walls and columns bounding or within the Property and all walls separating the Property from the
Retained Area (other than the parts of those walls and columns referred to in paragraph (c) above) 

  
 45 

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 Schedule 2 

RIGHTS GRANTED TO THE TENANT 
  

	1.	The right at all times to use the Common Parts for all proper purposes connected with the use and enjoyment of the Property under this Lease (subject to temporary interruption for repair and maintenance the Landlord
acting with all due expediency) 

  

	2.	The right to use the Conduits in the Building which serve the Property (subject to temporary interruption for repair, alteration or replacement the Landlord acting with all due expediency) 

 

	3.	The right of support and protection from the other parts of the Building as now enjoyed by the Property 

  

	4.	The right to display in an appropriate manner immediately outside the main entrance of the Property a notice indicating the name and business of the Tenant and of all authorised undertenants and companies sharing
occupation under clause 8.12 in a form and manner approved by the Landlord such approval not to be unreasonably withheld or delayed 

  

	5.	Subject to obtaining any necessary statutory consents and subject to the Landlord’s approval which will not be unreasonably withheld or delayed the right to install one satellite dish on the roof of the Building

  

	6.	The right to use the refuse storage area provided by the Landlord 

  

	7.	Subject to the Landlord’s approval which will not be unreasonably withheld or delayed the right to install any reasonable security apparatus in the Building 

 

	8.	Subject to obtaining any necessary consents and subject to the Landlord’s consent which will not be unreasonably withheld or delayed the right to name the Property but, for the avoidance of doubt, not the Building
of which the Property forms part 

  

	9.	To enter into such parts of the Building as is reasonably necessary at reasonable times for the purpose of inspecting connecting into or carrying out repairs to Conduits forming part of or serving the Property subject
to the Tenant: 

  

	 	(a)	giving to the Landlord and any relevant occupier reasonable prior notice and 

  

	 	(b)	making good all physical damage caused as a consequence of the exercise of such rights to the reasonable satisfaction of the Landlord and the relevant occupier 

 

	10.	The right to use the staircase at the ground floor level shown on the Ground Floor Plan for escape from the Property in the case of fire or other emergency only 

 

	11.	The rights to install plant within the area hatched grey and marked Future Tenant Space Allocation on drawing number SA2537 M/015 RD and in the area marked Tenants AC Unit
5th on plan A633 GA 1000 and to connect the Property through conducting media in the Building to such plant for the purpose of providing air conditioning to the Property only subject to the
Tenant: 

  

	(a)	obtaining any necessary statutory consents for all such works; 

  

	(b)	 obtaining the Landlord’s approval to the detail of all such works (which approval will not be unreasonably withheld or delayed and will given by
deed unless the requirement for a deed is 

  
 46 

(22757178.08) 

	 	 
expressly waived by the Landlord in writing); 

  

	(c)	completing all such works in a good and workmanlike manner and to the reasonable satisfaction of the Landlord; 

  

	(d)	minimising the space it utilises so far as reasonably practicable 

 and further provided that
the Landlord acting reasonably may from time to time change the location or the areas referred to in this paragraph 11 subject to the Tenant’s approval of such areas which must not be unreasonably withheld or delayed 

 

	12.	Subject to the Tenant: 

  

	12.1	obtaining the consent of the tenant from time to time pursuant to the Existing Lease; 

  

	12.2	obtaining any necessary statutory consents for all such works; and 

  

	12.3	obtaining the Landlord’s approval to the detail of all such works (which will not be unreasonably withheld or delayed and will be given by deed unless the requirement for a deed is expressly waived by the Landlord
in writing) 

  

	12.4	completing all such works in a good and workmanlike manner and to the reasonable satisfaction of the Landlord; and 

  

	12.5	minimising the space it utilises so far as reasonably practicable 

 the right to connect the
chillers constructed on the plant deck on the roof of the Building within the area shaded green as drawing number 1392/SK/702131 attached subject to the Tenant affording the Landlord reasonable access at all times in order to maintain the toilet
extract duct and fan and any other Landlord’s plant situated below such plant deck 

  
 47 

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 Schedule 3 

RIGHTS RESERVED TO THE LANDLORD 
  

	1.	The right to use the Conduits in the Property which serve other parts of the Building, the right to install new Conduits for the benefit of the remainder of the Building and the right to repair, maintain and renew
existing and new Conduits (including for the avoidance of doubt the chiller kitchen extract and fresh air riser provided by the Landlord for the benefit of the tenant or occupier of the basement and ground floor of the building) 

 

	2.	The right to enter the Property to exercise any of the rights referred to in this schedule or for the purposes set out in clause 6.7 or to comply with any enactment all such rights and right of entry to be subject to
the provisions and exemption to clause 6.7 

  

	3.	The right in an emergency to pass through the Property in accordance with any regulation or requirement of the Fire Officer or any court or other authority 

 

	4.	The right to build, re-build or carry out any works of any description on any other land or buildings (including other parts of the Building) provided it does not materially or substantially interfere with the passage
of light or air to the Property or cause substantial or material nuisance, damage, annoyance or inconvenience to the Tenant or occupiers of the Property by noise, dust, vibration or otherwise and provided that it does not materially affect the
ability of the Tenant or the occupier to use the Property for any purpose permitted by tin’s Lease 

  

	5.	The right to build, alter and install and afterwards to maintain buildings, structures and fixtures on, into or projecting over or under or taking support from the Property (but those buildings, structures and fixtures
will not become part of the Property) provided the work is carried out at times and in a way convenient to the reasonable requirements of the Tenant 

  

	6.	The right to erect and use scaffolding outside the Property even if the scaffolding temporarily restricts access to or the use and enjoyment of the Property by the Tenant or the occupier of the Property but provided
this does not materially obstruct or interfere with such use and enjoyment 

  

	7.	All rights of light or air or other easements or rights over or belonging to any other land or buildings (including other parts of the Building) 

 

	8.	The support and protection from the Property enjoyed by other parts of the Building 

  
 48 

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 Schedule 4 

THE MATTERS AND THE DOCUMENTS (IF ANY) CONTAINING INCUMBRANCES TO 

WHICH THE PREMISES ARE SUBJECT 

The Premises are let subject to:- 
  

	1.1	all matters discoverable by inspection of the Premises and the Building before the grant of this Lease 

  

	1.2	all matters that the Landlord did not and could not reasonably know about as at the date of this Lease 

  

	1.3	all matters (except charges to secure the repayment of money) disclosed or which would have been disclosed by the searches and enquiries which a prudent tenant would have made before entering into this Lease

  

	1.4	all notices orders or proposals given or made (whether before or after the date of this Lease) by any body acting on statutory authority 

 

	1.5	any unregistered interests which fall within any of the paragraphs of Schedule 3 to the Land Registration Act 2002 

  

	1.6	such unregistered interests as may affect the Premises to the extent and for so long as they are preserved by the transitional provisions of Schedule 12 to the Land Registration Act 2002 

 

	1.7	all notices served by the owner or occupier of any adjoining or neighbouring property 

  

	2.	The incumbrances contained in the documents set out below:- 

  

									
	 		Date		Description of Document		Parties		 
					
	 2.1
		 17 April 2002
		 Section 106 Agreement
		(1) The Royal Bank of Scotland plc (as trustee of the Schroder Exempt Property Unit Trust) and (2) The Mayor and Burgesses of the London Borough of Camden		

  

	3.	The entries in the property and charges registers of the title number set out in clause LR2.1 (except charges to secure the repayment of money) 

  
 49 

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 Schedule 5 

GUARANTEE PROVISION 
  

	1.	The Guarantor guarantees to the Landlord the due and punctual payment and performance by the Tenant of all the tenant’s obligations and liabilities under this Lease and indemnifies the Landlord against all losses
damages costs and expenses arising or incurred by the Landlord as a result of the non-payment or non-performance of those obligations or liabilities 

  

	2.	The obligations of the Guarantor under this Lease: 

  

	 	(a)	constitute a direct primary and unconditional liability to pay on demand to the Landlord any sum which the Tenant is liable to pay under this Lease and to perform on demand by the Landlord any obligation of the Tenant
under this Lease without the need for any recourse on the part of the Landlord against the Tenant 

  

	 	(b)	will not be affected by: 

  

	 	(i)	any time or indulgence granted to the Tenant by the Landlord 

  

	 	(ii)	any legal limitation disability or other circumstances relating to the Tenant or any irregularity unenforceability or invalidity of any obligations of the Tenant under this Lease 

 

	 	(iii)	any licence or consent granted to the Tenant or any variation in the terms of this Lease save as provided in section 18 of the LTC Act 1995 

 

	 	(iv)	the release of one or more of the parties defined as the Guarantor (if more than one) 

  

	 	(v)	any refusal by the Landlord to accept rents tendered at a time when the Landlord was entitled (or would after service of the appropriate statutory notice have been entitled) to re-enter the Property 

 

	 	(vi)	any surrender by the Tenant of part of the Property in which event the liability of the Guarantor will continue in respect of the part of the Property not so surrendered after making any necessary apportionments under
section 140 of the Law of Property Act 1925 or 

  

	 	(vii)	any other act omission matter event or thing whereby (but for this provision) the Guarantor would be exonerated in whole or in part from the guarantee other than a release by deed given by the Landlord

  

	3.	So long as this guarantee remains in force the Guarantor: 

  

	 	(a)	must not claim or prove as creditor in competition with the Landlord in the event of any bankruptcy liquidation rehabilitation moratorium or other insolvency proceedings relating to the Tenant 

 

	 	(b)	is not entitled to claim or participate in any security held by the Landlord in respect of the obligations of the Tenant under this Lease 

 

	 	(c)	must not exercise any right of set-off against the Tenant 

  
 50 

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	4.	If the Landlord brings proceedings against the Tenant the Guarantor will be bound by any findings of fact interim or final award or interlocutory or final judgment made by an arbitrator or the court in those proceedings

  

	5.	If: 

  

	 	(a)	the Tenant (being a company) enters into liquidation and the liquidator disclaims this Lease or 

  

	 	(b)	the Tenant (being a company) is dissolved and the Crown disclaims this Lease or 

  

	 	(c)	the Tenant (being an individual) becomes bankrupt and the trustee in bankruptcy disclaims this Lease 

then within six months after the disclaimer the Landlord may require the Guarantor by notice to accept a lease of the Property for a term
equivalent to the residue which would have remained of the Term if there had been no disclaimer at the same rents and subject to the same covenants and conditions (including those as to the review of rent) as are reserved by and contained in this
Lease and the Guarantor will on demand pay the Landlord’s reasonable and proper expenses in connection with such lease 
  

	6.	The new lease and the rights and liabilities under it will take effect as from the date of the disclaimer and the Guarantor will be liable for all payments due under the new lease as from the date of disclaimer as if
the new lease had been granted on the date of disclaimer 

  

	7.	If on the commencement date of the new lease of the Property granted pursuant to paragraph 5 of this schedule a Review Date has occurred but the revised rent has not been agreed or determined then the rent first
reserved by such new lease will initially be equal to the yearly rent payable under this Lease immediately prior to such Review Date but the second day of the term of such new lease will be an additional Review Date 

 

	8.	The Guarantor or his personal representatives must pay the Landlord’s reasonable and proper costs of and accept the new lease and must execute and deliver to the Landlord a counterpart of it 

 

	9.	If the Landlord does not require the Guarantor to take a Lease of the Property the Guarantor must pay to the Landlord on demand a sum equal to the rent that would have been payable under this Lease but for the
disclaimer in respect of the period from the date of the disclaimer until the date which is six months after the date of the disclaimer or the date on which the Property has been re-let by the Landlord whichever first occurs 

 

	10.	If any VAT is payable by the Tenant to the Landlord under the terms of the Lease the Guarantor’s obligation extends to that VAT. If the Guarantor makes any payment in respect of VAT the Landlord’s obligation
to issue a VAT invoice to the Tenant under the Lease in respect of that VAT is not affected and the Landlord is not obliged to issue a VAT invoice to the Guarantor in respect of that VAT 

 

	11.	If the guarantee in this schedule is intended to be authorised guarantee agreement to the extent that any provision of this guarantee does not conform with section 16 of the LTC Act 1995 that provision is severed from
the remainder of this guarantee and this guarantee has effect as if it excluded that provision 

  

	12.	 If any claim is made against the Guarantor by the Landlord in relation to the obligations of the Guarantor under this Lease the Guarantor will not
make any claim against the Tenant for an 

  
 51 

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indemnity (1) if the Tenant becomes the subject of any voluntary arrangement (whether under Part I of the Insolvency Act 1986 or otherwise) or (2) in any event prior to all and any
claims of the Landlord having been paid in full 

  

	13.	The Guarantor will at the request of the Landlord execute any document supplemental to or entered into pursuant to this Lease to acknowledge that the Guarantor is bound by the terms of this Lease and such document and
that the rights of the Landlord are not affected and the obligations of the Guarantor are not released by such document 

  
 52 

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 Schedule 6 

SERVICE CHARGE COSTS 
  

	1.	The cost of inspecting repairing maintaining cleaning decorating and lighting the whole of the Retained Area including the boundary walls and fences of the Building 

 

	2.	The cost of maintaining in good working order and repair and renewing and replacing (where beyond economic repair) all plant serving the Building (including generators boilers systems for ventilation heating and air
conditioning and lifts) and all Conduits in or serving the Building excluding plant and Conduits the maintenance of which is the exclusive responsibility of the Tenant or of some other tenant in the Building or would be the exclusive responsibility
of a tenant if the whole of the Lettable Areas were let on similar terms to those in this Lease 

  

	3.	The cost of providing ventilation heating air conditioning and water heating to the Building but not the cost of installing the original plant 

 

	4.	The cost of providing the services referred to in clauses 7.3 and 7.4 to the extent not included elsewhere in this schedule 

  

	5.	The cost of the erection and maintenance of directional or other signs or notice boards relating to the Building or its occupiers 

  

	6.	The cost of the making and enforcement of regulations for the benefit or better ordering of the Building 

  

	7.	The cost of the supply and maintenance of fire prevention and fire fighting equipment in the Retained Area and fire alarm equipment in the Building 

 

	8.	The cost of marking out the service areas loading bays and all other relevant parts of the Retained Area 

  

	9.	The cost of refuse disposal 

  

	10.	The cost of all fuel for the functions referred to in the other paragraphs of this schedule 

  

	11.	The cost of employing staff to undertake the Landlord’s obligations under this Lease and the other functions referred to in this schedule including insurance pension and welfare contributions the provision of
uniforms and working clothes and the provision of equipment for the proper performance of their duties 

  

	12.	All Outgoings (as defined in clause 6.3) assessed charged or imposed on the Building as a whole 

  

	13.	Any amount which the Landlord may be called upon to pay as a contribution towards the expense of making repairing maintaining cleaning or lighting anything used by the Building and any nearby property 

 

	14.	The cost of complying with making representations against or contesting the incidence of any enactment relating or alleged to relate to the Building as a whole or the Retained Area 

 

	15.	All professional fees reasonably and properly incurred by the Landlord in connection with the administration and the general management of the Building including (without limitation) fees payable in connection with the
service charge account 

  
 53 

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	16.	The reasonable and proper fees of the Landlord or any company associated with the Landlord where the Landlord or that company rather than a third party undertakes any obligation under this Lease or other function
referred to in this Schedule 

  

	17.	The interest and fees on borrowing any money to finance any of the functions referred to in this Schedule 

  

	18.	Commissioning obtaining preparation and/or provision of any EPC and/or (where applicable) any DEC in relation to the Building including the fees costs expenses and disbursements of any assessor engaged to prepare the
EPC 

  

	19.	Any other sum reasonably and properly incurred by the Landlord in connection with the Building including without limitation the cost of providing any other service which the Landlord reasonably considers necessary for
the purpose of good management of the Building 

  

											
	 SIGNED as a DEED on behalf of
		 )
						
	 SEVEN DIALS S.A.R.L. a company
		 )
				  
		
	 Incorporated in Luxembourg by
		 )
				Authorised Signatory		
	
[                             
                   ]
		 )
						
	 Being [a] person[s] who in accordance with the
		 )
						
	 Laws of that territory is (or are) acting under
		 )
				  
		
	 the Authority of the Company
		 )
				Authorised Signatory		
					
	 EXECUTED as a deed by
		 )
						
	 EXPEDIA.COM LIMITED
		 )
				 		
	 acting by
                                         
    (director)
		 )
				 Director
		
	 and
                                      
(director/company
		 )
						
	 secretary)
		 )
						
	  
		 )
						
	 and
		  
		 )
				  
		
									Director/Company Secretary		
					
	 EXECUTED as a deed by
		 )
				   /s/ 
		
					
	 EXPEDIA, INC
		 )
						
	 acting by its authorised signatory/signatories
		 )
						

  
 54 

(22757178.08) 

			
		
			
			 Underlease
  

Relating to Reception and Floors 3, 4 and 5, Seven Dials Warehouse, 42/50 Earlham Street, London WC2H 9LA

 

(1)      Expedia.com Limited

 

(2)      Facebook UK Ltd

 
 Dated 3 January 2012

 
  
 Osborne
Clarke
  
 One London Wall

London
 EC2Y 5EB

Tel         +44 (0) 20 7105 7000

Fax         +44 (0) 20 7105 7005

 Contents 
  

					
	 Prescribed clauses under Schedule 1A of the Land Registration Rules 2003
		 	i	  
	 Underlease Particulars
		 	1	  
	 1.         Definitions and Interpretation
		 	2	  
	 2.         Demise
		 	3	  
	 3.         Rent
		 	4	  
	 4.         Same terms as Headlease
		 	4	  
	 5.         Tenant’s covenants
		 	4	  
	 6.         Landlord’s covenants
		 	5	  
	 7.         Other Provisions
		 	6	  
	 8.         Security of tenure
		 	7	  

 Prescribed clauses under Schedule 1A of the 

Land Registration Rules 2003 
  

			
	 	 
	 LR1. Date of lease
		 3 January 2012

 

	 	 
	 LR2. Title number(s)
		 LR2.1 Landlord’s title number

	 	 
	 		 NGL897100

	 	 
	 		 LR2.2 Other title numbers
87123
  

	 	 
	 LR3. Parties to this lease
		 Landlord: Expedia.com Limited (Company Number 03847519) whose registered office is at 42
Earlham Street London WC2H 9LA

	 	 
	 		 Tenant: Facebook UK Ltd
(Company Number 06331310) whose registered office is at Gladstone House, 77/79 High Street, Egham, Surrey TW20 9HY
  

	 	 
	 LR4. Property
		 In the case of a conflict between this clause and the remainder of this lease then, for the
purposes of registration, this clause shall prevail.

	 	 
	 		 The Premises as defined in clause
1.1
  

	 	 
	 LR5. Prescribed statements etc.
		 LR5.1

	 	 
	 		 Not applicable

	 	 
	 		 LR5.2

	 	 
	 		 Not applicable

 

	 	 
	 LR6. Term for which the Property
is leased
  
		 The term as specified in the definition of Contractual Term in the
Underlease Particulars

	 	 
	 LR7. Premium

 
		 None

	 	 
	 LR8. Prohibitions or restrictions
on disposing of this lease
  
		 This Underlease contains a provision that prohibits or restricts
dispositions.

	 	 
	 LR9. Rights of acquisition etc
		 LR9.1 Tenant’s contractual rights to renew this lease,
to acquire the reversion or
 another lease of the Property, or to acquire an interest in other land

	 	 
	 		 None

	 	 
	 		 LR9.2 Tenant’s covenant to (or offer to) surrender this lease

	 	 
	 		 None

	 	 
	 		 LR9.3 Landlord’s contractual rights to acquire this lease

	 	 
	 		 None

 

  
 i 

			
	 	 
	
LR10. Restrictive covenants given in this lease by the Landlord in respect of land other than the Property

 
		 None

	 	 
	 LR11. Easements

 
		 LR11.1 Easements granted by this lease for the benefit of the Property

	 	 
	 		 None

	 	 
	 		 LR11.2 Easements granted or reserved by this lease over the
Property for the benefit
 of other property

	 	 
	 		 None

 

	 	 
	
LR12. Estate rent charge burdening the Property

 
		 None

	 	 
	
LR13. Application for standard form of restriction

 
		 None

	 	 
	
LR14. Declaration of trust where there is more than one person comprising the Tenant

 
		 Not applicable

  
 ii 

 Underlease Particulars 

 

			
	 Date:
		 3 January 2012

		
	 Landlord:
		 Expedia.com Limited

		
	 Company Number:
		 03847519

		
	 Registered Office:
		 407, Angel Building, St John Street, London Ec1V 4EX

		
	 Tenant:
		 Facebook Ltd

		
	 Company Number:
		 06331310

		
	 Registered Office:
		 Gladstone House, 77/79 High Street, Egham, Surrey TW20 9HY

		
	 Premises:
		 Reception and Floors 3, 4 and 5, Seven Dials Warehouse, 42/50 Earlham Street, London WC2H 9LA (more particularly shown edged in red on the Plan)

		
	 Contractual Term:
		 Term of years starting on the Term Start Date and ending on 15 February 2018

		
	 Term Start Date:
		 3 January 2012

		
	 Rent:
		 £1,605,838 per year

		
	 Rent Start Date:
		 3 March 2013

		
	 Review Date:
		 2 January 2017

		
	 Contracted out:
		 The Underlease is excluded from the security of tenure provisions of Part II of the 1954 Act

  
 1 

 

 

 This Underlease is made on the date stated and between the parties specified in the Underlease
Particulars. 
 It is agreed as follows: 
  

	1.	 Definitions and interpretation 

  

	1.1	 In this Underlease, unless the context otherwise requires, the following definitions shall apply: 

“1954 Act” means the Landlord and Tenant Act 1954 (as amended). 

“1995 Act” means the Landlord and Tenant (Covenants) Act 1995. 

“2003 Order” means the Regulatory Reform (Business Tenancies) (England and Wales) Order 2003. 

“Authorised Guarantee Agreement” means as defined by section 28(1) of the 1995 Act. 

“Business Day” means a day (other than a Saturday or Sunday) on which clearing banks are open for business in
the City of London. 
 “Consent for Alterations” means the written consent of the Superior Landlord in such
form as is required by the Headlease to the Tenant’s proposed works to the Premises. 
 “Guarantor”
means any person from time to time who guarantees the obligations of the Tenant in this Underlease. 

“Headlease” means the lease under which the Landlord holds the Premises dated 28 April 2008 made between
(1) The Royal Bank of Scotland PLC (2) Expedia.com Limited and (3) Expedia, Inc a copy of which is annexed to this Underlease. 

“Included Rights” means the rights granted by, and set out in schedule 2 of the Headlease and as set out in
Schedule 1 to this Underlease. 
 “Landlord” means the party so named in the Underlease Particulars and any
person from time to time entitled to the right to possession of the Premises when the Underlease ends. 
 “Payment
Days” means 25 March, 24 June, 29 September and 25 December in each year, 

“Plan” means the plan annexed to this Underlease. 

“Premises” means the premises demised by and more particularly described in the Headlease. 

“Reserved Rights” means the rights excepted and reserved by and set out in schedule 3 of the Headlease. 

“Underlease” means this Underlease as supplemented or varied in writing from time to time whether by deed,
licence or otherwise. 
 “Superior Landlord” means the person for the time being entitled to the reversion
immediately expectant upon the expiry or sooner determination of the Headlease. 
 “Tenant” means the party
so named in the Underlease Particulars and any person in whom this Underlease is vested from time to time. 

“Term” means the Contractual Term. 

  
 2 

 “VAT” means value added tax as provided under the VATA. 

“VATA” means Value Added Tax Act 1994 and references to the VATA shall include all statutes, laws,
regulations, notices, directions or similar provisions, relating to value added tax and any value added, turnover, sales, purchase or similar tax of the United Kingdom or of any other jurisdiction and references to value added tax or to VAT shall be
construed accordingly. 
  

	1.2	 In this Underlease, unless the context otherwise requires: 

 

	 	(a)	 where at any time a party to this Underlease comprises more than one person all obligations and liabilities of or with that party are joint and
several and references to that party include references to each such person; 

  

	 	(b)	 words denoting persons include any individual, firm, body corporate, association or partnership, government or state (whether or not having a
separate legal personality); 

  

	 	(c)	 words in the singular include the plural and vice versa and words in one gender include any other gender; 

 

	 	(d)	 references to clauses are to clauses of this Underlease; 

 

	 	(e)	 the Underlease Particulars form part of this Underlease but the table of contents and the headings are for convenience only and will not affect the
construction or interpretation of this Underlease; 

  

	 	(f)	 unless the context shall otherwise so require words and expressions defined in the Headlease shall bear the same meaning where such words and
expressions appear in this Underlease; 

  

	 	(g)	 any obligation by the Tenant not to do or omit to do something includes an obligation not to permit or to suffer that thing to be done or omitted;

  

	 	(h)	 where there is an obligation to obtain the consent or approval of the Landlord under this Underlease such consent or approval must be contained in
a formal deed or licence; 

  

	 	(i)	 where under the terms of this Underlease the consent of the Landlord is required for any act or matter the consent of the Superior Landlord under
the terms of the Headlease is also to be required wherever requisite provided that nothing in this Underlease is to be construed as imposing on the Superior Landlord any obligation not to refuse his consent unreasonably; 

 

	 	(j)	 reference to any right exercisable by the Landlord or any right exercisable by the Tenant in common with the Landlord is to be construed as
including where appropriate reference to the exercise of the right by the Superior Landlord and all persons authorised by him in common with all other persons having a like right; 

 

	 	(k)	 any statute or statutory provision which modifies, consolidates, re-enacts or supersedes it whether such statute or statutory provision comes into
force before or after the date of this Agreement; 

  

	 	(I)	 the word “assignment” includes equitable assignment and the words “assign” and “assignee” shall be
construed accordingly; and 

  

	 	(m)	 references to any statute or legislation include any legislation of the European Union directly applicable in the United Kingdom.

  

	2.	 Demise 

The Landlord, demises the Premises to the Tenant for the Term subject to: 

  
 3 

	2.1	 together with (so far as the Landlord can grant the same) the Included Rights; 

 

	2.2	 except and reserved to the Landlord and the Superior Landlord the Reserved Rights; and 

 

	2.3	 subject to all rights, restrictions, covenants and liabilities affecting the Premises from time to time including for the avoidance of doubt the
exceptions reservations restrictions rights and other matters contained in the Headlease. 

  

	3.	 Rent 

  

	3.1	 The Tenant will pay the Rent to the Landlord without deduction or set off (except where lawfully provided by statute) by equal quarterly payments
in advance on the Payment Days, the first payment for the period beginning on the Rent Start Date and ending on the day before the Payment Day following the Rent Start Date to be paid on the Rent Start Date. 

 

	3.2	 If required by the Landlord the Rent shall be paid by standing order or credit transfer to the Landlord’s bank account. 

 

	3.3	 The Rent shall be reviewed on the Review Date in accordance with the terms of the Headlease save for the purposes of clause 4.1(c)(i) the rent
payable shall be the Rent specified in the particulars to this Underlease. 

  

	4.	 Same terms as Headlease 

Except as to the term of years granted the rents reserved and reviewed and where the specific terms of this Underlease state
otherwise this Underlease is made upon the same terms and subject to the same covenants provisos (including without limitation the proviso for re-entry) and conditions as are contained in the Headlease as if the same were set out in this Underlease
in full with such modifications as are necessary to make the same applicable to the present demise, and the parties hereto as if the names of the parties hereto had been respectively substituted for those of the Landlord and the Tenant in the
Headlease and in the case of any conflict between the provisions of this Underlease and the Headlease the provisions of this Underlease shall prevail. 
  

	5.	 Tenant’s covenants 

The Tenant covenants with the Landlord: 
  

	5.1	 Tenants Covenants in the Headlease 

To observe and perform the covenants and conditions on the part of the Tenant contained in the Headlease (excepting the
covenants to pay the rents or other payments) as if the same were repeated in full in this Underlease except insofar as the Landlord expressly covenants in this Underlease to observe and perform them and to indemnify the Landlord from and against
any actions proceedings claims damages liabilities costs charges expenses or losses arising from any breach non-observance or non-performance of those covenants and conditions. 

 

	5.2	 Service Charges and Insurance 

To pay as rent to the Landlord on demand sums equal to the service charge and insurance premiums (as defined in the Headlease)
payable from time to time by the Landlord under the Headlease. 
  

	5.3	 Restrictions in Headlease 

Unless to do so would conflict with the terms of this Underlease, not do omit suffer or permit in relation to the Premises any
act or thing that would or might cause the Landlord to be in breach of the Headlease or that if done omitted suffered or permitted by the Landlord would or might constitute a breach of the covenants on the part of the Lessee and the conditions
contained in the Headlease. 

  
 4 

	5.4	 Indemnity 

To indemnify and keep the Landlord indemnified against all actions proceedings claims damages liabilities costs charges
expenses and losses in respect of or incurred in connection with the Premises or any injury incurred by any party upon the Premises or any damage to any item upon the Premises or otherwise (howsoever arising) or arising from any breach of the
Tenant’s covenants contained in this Underlease but not in respect of any breach by the Landlord of the Landlord’s covenants contained in this Underlease. 
  

	5.5	 VAT 

To pay to the Landlord VAT on any payments due under this Underlease so far as such tax is properly chargeable on the same and
in every case where the Tenant has agreed to reimburse or indemnify the Landlord in respect of any payment made by the Landlord under the terms of or in connection with this Underlease to reimburse any VAT paid by the Landlord on such payment unless
the VAT is recoverable by the Landlord. 
  

	5.6	 Costs 

To pay to the Landlord on a full indemnity basis all proper costs fees charges disbursements and expenses properly incurred by
the Landlord (both during and after the end of the term) in relation or incidental to: 
  

	 	(a)	 every application made by the Tenant for consent or licence required by the provisions of this Underlease whether or not it is granted refused or
offered subject to any lawful qualification or condition or the application is withdrawn; 

  

	 	(b)	 the recovery or attempted recovery of arrears of Rent or other sums due under this Underlease; 

 

	 	(c)	 any steps taken in connection with the preparation and service of a schedule of dilapidations during or within three months after the end of the
Term; and 

  

	 	(d)	 any breach by the Tenant of the Tenant’s covenants on its part contained in this Underlease. 

 

	5.7	 Access by Landlord 

To permit the Landlord upon reasonable notice (except in emergency) to enter the Premises for the purpose that is in the
opinion of the Landlord necessary to enable it to comply with the covenants on the part of the lessee and the conditions contained in the Headlease. 
  

	5.8	 Access by Superior Landlord 

To permit the Superior Landlord and all persons authorised by the Superior Landlord to enter the Premises for the purposes
specified and upon the terms contained in the Headlease or in any lease superior to it as if the provisions in such documents dealing with the lessor’s access to the Premises were incorporated into this Underlease. 

 

	6.	 Landlord’s covenants 

The Landlord covenants with the Tenant: 
  

	6.1	 Quiet enjoyment 

That the Tenant will peaceably and quietly hold and enjoy the Premises during the Term without any interruption by the
Landlord or by any person lawfully claiming through, under or in trust for the Landlord. 
  

	6.2	 Rent 

  
 5 

 To pay the rents reserved by the Headlease. 

 

	6.3	 Superior Landlord’s Covenants 

To use reasonable endeavours to procure that the Superior Landlord shall comply promptly with the covenants on its part
contained in the Headlease. 
  

	6.4	 Superior Landlord Consent 

At the request of the Tenant to take all reasonable steps at the cost of the Tenant to obtain the consent of the Superior
Landlord where it is required under the terms of the Headlease 
  

	6.5	 No Variation 

Not at any time without the prior written consent of the Tenant to vary the Headlease. 

 

	7.	 Other Provisions 

  

	7.1	 Insurance 

The Landlord will use its reasonable endeavours to enforce the Superior Landlord’s insurance obligations contained in
Clause 9.1 of the Headlease and it is agreed that the provisions of Clauses 9.13, 9.14, 9.15, 9.16 and 9.17 of the Headlease shall apply to this Underlease. 
  

	7.2	 Liability 

To the extent permitted by law the Landlord is not liable: 

 

	 	(a)	 to the Tenant or any occupier of the Premises for any accident, injury, damage or loss however arising; or 

 

	 	(b)	 to the Tenant for any failure to perform any of its obligations under this Underlease, 

unless and until the Tenant has notified the Landlord in writing of the facts constituting such default and the Landlord fails
to remedy the default within a reasonable time. 
  

	7.3	 Landlord and Tenant (Covenants) Act 1995 

  

	 	(a)	 The clauses of this Underlease will only take effect insofar as they do not contravene the provisions of the 1995 Act. 

 

	 	(b)	 Insofar as any provisions of this Underlease contravene the provisions of the 1995 Act the relevant provisions (or if applicable, the relevant
parts of them) are deemed to be deleted so far as necessary to ensure such compliance. 

  

	 	(c)	 Any such deemed deletion does not affect the remaining provisions of this Underlease. 

 

	7.4	 Exclusion of third party rights 

Unless expressly provided in this Underlease, no express term of this Underlease or any term implied under it is enforceable
pursuant to the Contracts (Rights of Third Parties) Act 1999 by any person who is not a party to it. 
  

	7.5	 Governing law and jurisdiction 

  

	 	(a)	 This Underlease and any dispute, claim or obligation (whether contractual or non-contractual) arising out of or in connection with it, its subject
matter or formation shall be governed by English law. 

  
 6 

	 	(b)	 The parties irrevocably agree that the English courts shall have exclusive jurisdiction to settle any dispute or claim (whether contractual or
non-contractual) arising out of or in connection with this Underlease, its subject matter or formation. 

  

	7.6	 Agreement for Lease 

There is an agreement for lease made between (1) the Landlord and (2) the Tenant dated 2011 to which this Underlease
gives effect. 
  

	8.	 Security of tenure 

  

	8.1	 Pursuant to section 38A(1) of the 1954 Act the Landlord and Tenant agree that the provisions of sections 24 to 28 (inclusive) of the 1954 Act shall
be excluded in relation to the tenancy created by this Underlease. 

  

	8.2	 The Landlord and Tenant agree and declare that before the date of this Underlease: 

 

	 	(a)	 a notice in the form set out in Schedule 1 to the 2003 Order which applies to this Underlease was served by the Landlord on the Tenant on
27 June 2011 (the “Notice”); and 

  

	 	(b)	 a statutory declaration was made by the Tenant on 1 July 2011 in the form set out in Paragraph 8 of Schedule 2 to the 2003 Order (the
“Declaration”). 

  

	8.3	 Where the Declaration was made by a person other than the Tenant the Tenant confirms that the declarant was duly authorised by it to make the
Declaration on its behalf. 

  

	8.4	 The Landlord and the Tenant further agree and declare that the form of this Underlease is in all material respects the same as that which was in
their contemplation at the time of the service of the Notice. 

 In witness this Underlease is executed and
delivered on the date appearing at the head of page 1. 

  
 7 

 Schedule 1 

Included Rights 
  

	1.	 The right to continue to use the plant and other equipment and to connect to the chillers constructed on the roof to the Building referred to in
Schedule 2 of the Headlease. 

  

	2.	 The rights granted pursuant to the terms of a Consent for Alterations dated 3 January 2012 made between (1) the Superior Landlord
(2) the Landlord (3) the Tenant (4) Expedia, Inc. 

  
 8 

					
	 Executed as a Deed
		 )
		
	 by Expedia.com Limited
		 )
		
	 acting by
		 )
		
	 a director, in the presence of:
		 )
		
			
			 Director
		
			
	 Signature of witness:
		 /s/ Frank B. Austin
		
			
	 Name:
		 Frank B. Austin
		
			
	 Address:
		 333 – 108th Ave NE

Bellevue, WA 98004 USA
		
			
	 Occupation:
		 Paralegal
		
			
	 Executed as a Deed
		 )
		
	 by Facebook UK Ltd
		 )
		
	 acting by
		 )
		
	 a director, in the presence of:
		 )
		
			
			 Director
		
			
	 Signature of witness:
				
			
	 Name:
				
			
	 Address:
				
			
	 Occupation:
				

  
 9 

 LEASE 

DATED 28th April 2008 

THE ROYAL BANK OF SCOTLAND PLC 

(as trustee of Schroder Exempt Property Unit Trust) 

and 
 EXPEDIA.COM LIMITED

 and 
 EXPEDIA, INC.

 of property known as 

Reception and Floors 3, 4 and 5, Seven Dials Warehouse, 

42/50 Earlham Street, London, WC2H 9LA 

ALLEN & OVERY 

ALLEN & OVERY LLP 

LONDON 
 11492-03784
PY:1291445.16 

 CONTENTS 
  

							
	Land Registry prescribed clauses and further particulars		Page	 
			
	 LR1
		Date of lease		 	1	  
	 LR2
		Title number(s)		 	1	  
	 LR2.1
		Landlord’s title number(s)		 	1	  
	 LR2.2
		Other title numbers		 	1	  
	 LR3
		Parties to this lease		 	1	  
	 LR4
		Property		 	1	  
	 LR5
		Prescribed statements etc.		 	1	  
	 LR6
		Term for which the Property is leased		 	2	  
	 LR7
		Premium		 	2	  
	 Nil.
				 	2	  
	 LR8
		Prohibitions or restrictions on disposing of this lease		 	2	  
	 LR9
		Rights of acquisition etc.		 	2	  
	 LR10
		Restrictive covenants given in this lease by the Landlord in respect of land other than the Property		 	2	  
	 LR11
		Easements		 	2	  
	 LR12
		Estate rentcharge burdening the Property		 	2	  
	 LR13
		Application for standard form of restriction		 	2	  
	 LR14
		Declaration of trust where there is more than one person comprising the Tenant		 	2	  
	 15
		Further particulars		 	3	  
		
	 Clause
				
			
	 1.
		Definitions		 	4	  
	 2.
		Interpretation		 	6	  
	 3.
		Lease		 	7	  
	 4.
		Rent and Rent Review		 	7	  
	 5.
		Service Charge		 	11	  
	 6.
		Tenant’s Covenants		 	13	  
	 7.
		Landlord’s Covenants		 	24	  
	 8.
		Alienation		 	25	  
	 9.
		Insurance		 	30	  
	 10.
		Re-Entry		 	35	  
	 11.
		Value Added Tax		 	36	  
	 12.
		Trustee Liability Provision		 	37	  
	 13.
		General		 	38	  
	 14.
		Notices		 	42	  
	 15.
		Guarantor		 	42	  
	 16.
		Governing Law		 	42	  
		
	 Schedule
				
			
	 1.
		The Building and the Property		 	43	  
			Part 1         The Building		 	43	  
			Part 2         The Property		 	43	  
	 2.
		Rights Granted to the Tenant		 	44	  
	 3.
		Rights Reserved to the Landlord		 	46	  

							
	 4.
		Matters Affecting the Freehold		 	47	  
	 5.
		Guarantee Provision		 	48	  
	 6.
		Service Charge Costs		 	50	  
		
	 Signatories
		 	52	  

	LR1	 Date of lease 28th April 2008 

 

	LR2	 Title number(s) 

  

	LR2.1	 Landlord’s title number(s) 

NGL422086. 
  

	LR2.2	 Other title numbers 

None. 
  

	LR3	 Parties to this lease 

Landlord 

THE ROYAL BANK OF SCOTLAND PLC, a company incorporated under the laws of Scotland under number SC90312 whose
registered office is at 36 St Andrew Square, Edinburgh EH2 2YB and whose address for service is Trustee and Depositary Services Waterhouse Square, 138-142 Holborn, London EC1N 2TH (Ref: SEPUT) (acting in its capacity as trustee of Schroder Exempt
Property Unit Trust and not otherwise); 
 Tenant 

EXPEDIA.COM LIMITED (a company incorporated under company number 03847519) whose registered office is at 7 Soho Square,
London, W1D 3QB. 
 Guarantor 

EXPEDIA, INC. (company number 3956616) a company incorporated in the State of Delaware USA whose principal office is at
3150 139th Avenue SE Bellevue, WA 98005. 
  

	LR4	 Property 

The property known as Reception and Floors 3, 4 and 5, Seven Dials Warehouse, 42/50 Earlham Street, London, WC2H 9LA and
ancillary premises as further described in Part 2 of Schedule 1 and every part of it and all alterations to it. 
 In the
case of a conflict between this clause and the remainder of this lease then, for the purposes of registration, this clause shall prevail. 
  

	LR5	 Prescribed statements etc 

None 
  

	LR5.1	 Statements prescribed under rules 179 (dispositions in favour of a charity), 180 (dispositions by a charity) or 196 (leases under the
Leasehold Reform, Housing and Urban Development Act 1993) of the Land Registration Rules 2003. 

  

	LR5.2	 This lease is made under, or by reference to, provisions of: 

Not applicable 

  
 1 

	LR6	 Term for which the Property is leased 

The term is as follows: Ten years commencing on and including the Term Commencement Date. 

 

	LR7	 Premium 

Nil. 
  

	LR8	 Prohibitions or restrictions on disposing of this lease 

This lease contains a provision that prohibits or restricts dispositions. 

 

	LR9	 Rights of acquisition etc 

  

	LR9.1	 Tenant’s contractual rights to renew this lease, to acquire the reversion or another lease of the Property, or to acquire an interest in
other land 

 None. 
  

	LR9.2	 Tenant’s covenant to (or offer to) surrender this lease 

None. 
  

	LR9.3	 Landlord’s contractual rights to acquire this lease 

None. 
  

	LR10	 Restrictive covenants given in this lease by the Landlord in respect of land other than the Property 

None. 
  

	LR11	 Easements 

  

	LR11.1	 Easements granted by this lease for the benefit of the Property 

As set out in Schedule 2. 
  

	LR11.2	 Easements granted or reserved by this lease over the Property for the benefit of other property 

As set out in Schedule 3. 
  

	LR12	 Estate rentcharge burdening the Property  

Not applicable  
  

	LR13	 Application for standard form of restriction 

Not applicable. 
  

	LR14	 Declaration of trust where there is more than one person comprising the Tenant 

Not applicable. 

  
 2 

	15	 Further particulars 

  

	15.1	 Term Commencement Date 

20 February 2008 
  

	15.2	 Initial Rent 

Two million, one hundred and nineteen thousand, nine hundred and fifty pounds (£2,119,950). 

 

	15.3	 Review Date 

20 February in the year 2013 and in every fifth year after that year for so long as the Term continues. 

 

	15.4	 Permitted Use 

Offices being a use within subparagraph (a) of Class B1 Business in the Schedule to the Town and Country Planning (Use
Classes) Order 1987 as that Order is in force at the date of this Lease. 
  

	15.5	 Break rights 

None. 

  
 3 

 THIS DEED WITNESSES as follows: 
  

	1.	 DEFINITIONS 

In this Lease the terms defined in the Land Registry prescribed clauses and the further particulars set out at the beginning
of this Lease and in Schedule 1 shall have effect and: 
 assign includes entering into any form of equitable assignment of
the Property, including a registerable transfer where the Tenant’s title to the Property is registered or registerable, but does not include entering into a contract for the assignment or transfer of the Property, and assignment is similarly
construed; 
 authorised guarantee agreement has the meaning given to it by the LTC Act 1995; 

Building means the property described in Part 1 of Schedule 1 and every part of it and all additions and alterations to
it and includes (without limitation): 
  

	 	(a)	 roadways, footpaths, service roads, service areas, car parks, loading bays and landscaped and open areas; 

 

	 	(b)	 boundary walls and fences; 

Business Day means a day (other than a Saturday or Sunday) on which banks are generally open in London for normal
business; 
 CAW Regulations means the Control of Asbestos at Work Regulations 2002; 

Clearing Bank means a corporate member of CHAPS Clearing Company Limited; 

Common Parts means the walkways service areas, loading bays, landscaped and open areas, entrances, staircases,
passages, landings, passenger and goods lifts and other areas (whether or not in the nature of the foregoing) from time to time during the Term provided by the Landlord for common use by the tenants of the Building but for the avoidance of doubt not
including any part of the Property; 
 Conduits includes those for sewage, water, gas, electricity,
telecommunications and data processing; 
 Default Interest Rate means three per cent. per annum above the Interest
Rate; 
 End of the Term includes the expiry of the Term by effluxion of time or the determination of the Term by
forfeiture, surrender, merger, notice or in any other way; 
 Guarantor includes the person named in this Lease as
guarantor, if any, and any other person who is for the time being a guarantor in respect of the Tenant’s obligations under this Lease and his personal representatives and successors; 

Head Landlord means any person for the time being entitled to possession of the Property at the end of any term of
years granted by any Head Lease; 
 Head Lease means any lease under which the Landlord is for the time being
entitled to possession of the Property at the End of the Term and every lease (whether immediate or 

  
 4 

 otherwise) out of which that lease was created, all deeds varying any of those
leases and all licences and consents granted under any of those leases or under any deed of variation; 
 Insured Risks
means fire, lightning, explosion, earthquake, aircraft and other aerial devices and articles dropped from them, escape of oil, impact by vehicles or animals, riot, civil commotion, strikes and labour disturbances, storm, flood, bursting
and overflowing of water tanks, apparatus or pipes, subsidence and heave and terrorism and other risks against which the Landlord from time to time (acting reasonably) decides to insure subject to such exclusions, limitations and excesses as are
imposed by its insurers and to the extent to which the risks mentioned in this definition are insurable with the Landlord’s insurers. 

Interest Rate means the base rate for the time being of The Royal Bank of Scotland plc or of another Clearing Bank
designated from time to time by the Landlord or if there is no such base rate the rate from time to time prescribed under section 32 of the Land Compensation Act 1961; 

Landlord includes the person for the time being entitled to possession of the Property at the End of the Term; 

Lease means this lease, every deed varying or supplemental to this lease, every licence and consent granted under this
lease or under any deed of variation or supplemental deed and every collateral agreement (as defined in the LTC Act 1995); 

Lettable Areas means all parts of the Building designed and intended to be let for commercial use; 

LTC Act 1995 means the Landlord and Tenant (Covenants) Act 1995; 

Major Damage means damage or destruction to the Property or the Building where the cost of rebuilding or reinstatement
exceeds the greater of the annual rent then payable under this Lease (or which would be payable but for any abatement or suspension of the rent under this Lease) and the open market rent of the Property estimated by the Landlord acting reasonably at
the time of the damage or destruction; 
 Plans means the plans annexed to this Lease; 

Planning Acts means the Town and Country Planning Act 1990, the Planning (Listed Buildings and Conservation
Areas) Act 1990, the Planning (Hazardous Substances) Act 1990, the Planning (Consequential Provisions) Act 1990, the Planning and Compensation Act 1991 and the Planning and Compulsory Purchase Act 2004; 

Quarter Days means 25th March, 24th June, 29th September and 25th December in every year; 

Rent includes all sums reserved as rent by this Lease and any interim rent determined under the Landlord and Tenant
Act 1954; 
 Rent Commencement Date means 25 January 2009; 

Retained Area means the whole of the Building other than the Lettable Areas; 

Review Period means the period starting with any Review Date up to the next Review Date or starting with the last
Review Date for a period of five years after the last Review Date; 

  
 5 

 Section 106 Agreement means the agreement under
Section 106 of the Town and Country Planning Act 1990 dated 17 April 2002 between the Landlord and The Mayor and Burgesses of the London Borough of Camden; 

Service Charge Commencement Date means 20 February 2008; 

Tenant includes the Tenant’s successors in title; 

Term means the term granted by this Lease and any statutory or other continuation or extension of it or any holding
over; 
 Underlease EID application means an application to the Registrar to designate an underlease or derivative
underlease an exempt information document so as to exclude from the edited copy of the underlease or derivative underlease as appropriate to be held by HM Land Registry such information as is excluded from any edited copy of this Lease held at HM
Land Registry and such other information as the Landlord shall require; 
 Uninsured Risk means a risk or some aspect
thereof which would be an Insured Risk but for the fact that insurance is not available or is available but only on terms or at rates which are not commercially acceptable to the Landlord (acting reasonably) in the London insurance market at the
date of destruction or damage; 
 VAT means value added tax and any imposition or levy of a like nature; 

VAT Act 1994 means the Value Added Tax Act 1994; and 

VAT group means two or more bodies corporate registered as a group for VAT purposes under section 43 VAT
Act 1994. 
  

	2.	 INTERPRETATION 

  

	2.1	 Parties 

Where there are two or more persons included in the expressions “Landlord, Tenant” or “Guarantor” each
reference to the Landlord, the Tenant or the Guarantor includes a separate reference to each of those persons. 
  

	2.2	 Enactments 

Any reference, express or implied, to an enactment includes references to: 

 

	 	(a)	 that enactment as amended, extended or applied by or under any other enactment (before or after the execution of this Lease);

  

	 	(b)	 any enactment which that enactment re-enacts (with or without modification); 

 

	 	(c)	 any subordinate legislation made (before or after the execution of this Lease) under that enactment, as amended, extended or applied as described
in clause 2.2(a) above or under any enactment referred to in clause 2.2(b) above; and 

  

	 	(d)	 any consents, licences and permissions given (before or after the execution of this Lease) under that enactment, as amended, extended or applied as
described in clause 2.2(a) above or under any enactment referred to in clause 2.2(b) above or under that 

  
 6 

	 	 
subordinate legislation and any conditions contained in those consents, licences and permissions. 

  

	2.3	 Subordinate and EU legislation 

Any reference, express or implied, to enactments generally includes subordinate legislation and any legislation of the
European Union that is directly applicable in the United Kingdom and includes existing enactments and those that come into effect during the Term. 
  

	2.4	 Application 

Clauses 2.1 to 2.3 apply unless the contrary intention appears. 

 

	2.5	 Clause headings 

The headings in this Lease do not affect its interpretation. 

 

	3.	 LEASE 

  

	3.1	 Lease 

The Landlord lets the Property to the Tenant with limited title guarantee together with the rights set out in Schedule 2 but
except and reserving to the Landlord the rights set out in Schedule 3 for the term set out in Land Registry prescribed clause LR6 subject to all rights and covenants affecting the Property contained or referred to in Schedule 4 at a yearly rent
ascertained in accordance with clause 4. 
  

	3.2	 Ancillary rights 

The rights granted to the Tenant are granted in common with the Landlord, any person authorised by the Landlord and everyone
else having the like or similar rights. 
  

	3.3	 Exclusion of implied rights 

This Lease does not include any rights other than those set out in Schedule 2. 

 

	3.4	 Reserved rights 

The rights excepted and reserved to the Landlord are also excepted and reserved to those authorised by the Landlord and
everyone else entitled to them. 
  

	4.	 RENT AND RENT REVIEW 

  

	4.1	 Rent 

The yearly rent is: 
  

	 	(a)	 until but excluding the Rent Commencement Date the rent of one peppercorn (if demanded); 

 

	 	(b)	 from and including the Rent Commencement Date until but excluding the first Review Date the Initial Rent; and 

  
 7 

	 	(c)	 during each successive Review Period: 

  

	 	(i)	 a rent equal to the rent previously payable under this Lease (or the rent which would be payable but for any abatement or suspension of rent under
this Lease); or 

  

	 	(ii)	 the revised rent ascertained in accordance with this clause, 

whichever is the greater. 
  

	4.2	Rent payment dates 

 The yearly rent is payable without any deduction,
withholding or set-off by equal quarterly payments in advance on the Quarter Days. The first payment (which is an apportioned sum) is to be made on the Rent Commencement Date in respect of the period commencing on the Rent Commencement Date and
ending on the day before the next following Quarter Day. 
  

	4.3	Rent review - method 

 The revised rent for any Review Period may be
agreed in writing at any time between the Landlord and the Tenant or (in the absence of agreement) determined not earlier than the relevant Review Date by an independent valuer (acting as an expert and not as an arbitrator) of recognised standing
and having experience in letting and valuing property of a like kind and character to the Property. 
  

	4.4	Nomination 

 In the absence of agreement the independent valuer may be
nominated by or on behalf of the president for the time being of the Royal Institution of Chartered Surveyors on the application of either the Landlord or the Tenant made not earlier than three months before the relevant Review Date. 

 

	4.5	Rent review - amount 

 In the case of valuation the revised rent to be
determined by the valuer will be such as he decides is the full yearly rent at which the Property might reasonably be expected to be let in the open market at the relevant Review Date: 

 

	 	(a)	 after the expiry of a rent free period or a concessionary rent period given for fitting-out purposes only of such length and the giving of such
other inducements (including, without limitation, any rental concession, capital payment or contribution to fitting out costs) given for fitting out purposes only as in either case would be negotiated in the open market between a willing landlord
and a willing tenant so that the yearly rent is that payable after the expiry of any such rent free period or concessionary rent period and after the giving of any such inducement; and 

 

	 	(b)	 on the assumptions set out in clause 4.6 but disregarding the matters set out in clause 4.7. 

  
 8 

	4.6	Assumptions 

 The assumptions are that at the relevant Review Date: 

 

	 	(a)	 the Property: 

  

	 	(i)	 is available to let on the open market by a willing landlord to a willing tenant by one lease without a premium from either party and with vacant
possession for a term of 10 years commencing on the relevant Review Date with the rent payable from then; 

  

	 	(ii)	 is to be let as a whole on a lease which is to contain the same terms as this Lease other than the amount of the rent referred to in clauses 4.1(a)
and 4.1(b) and any rent free or reduced rent period allowed to the Tenant but including the provisions for review of that rent at the same intervals as those in this Lease but with the first Review Date in that lease being the fifth anniversary of
the relevant Review Date; 

  

	 	(iii)	 is fit and available for immediate occupation and use by the willing tenant and is fitted out for the willing tenant’s immediate use as
authorised by this Lease in accordance with the willing tenant’s requirements; and 

  

	 	(iv)	 may be used for any of the purposes permitted by this Lease; 

 

	 	(b)	 all the covenants in this Lease by the Tenant have been performed and observed; and 

 

	 	(c)	 no work has been carried out to the Property by the Tenant or other lawful occupier which has diminished the rental value and in case the Building
has been destroyed or damaged it has been fully restored. 

  

	4.7	 Disregards 

The matters to be disregarded are: 
  

	 	(a)	 any effect on rent of the fact that the Tenant, its subtenants or their respective predecessors in title or any lawful occupier have been in
occupation of the Property; 

  

	 	(b)	 any goodwill attached to the Property by reason of the carrying on at it of the business of the Tenant, its subtenants or their predecessors in
title or any lawful occupier in their respective businesses; and 

  

	 	(c)	 any increase in rental value of the Property attributable to the existence at the relevant Review Date of any voluntary improvement to the Property
carried out by and at the cost of the Tenant, its subtenants or their respective predecessors in title or any lawful occupier during the Term or during any earlier period of occupation arising out of an agreement to grant the Term or completed
during the term of any prior lease of the Property of which this is a renewal. 

 In this clause
a voluntary improvement is one carried out with the consent of the Landlord (where required) but not under an obligation to the Landlord or its predecessors in title, (and any works carried out in order to comply with statute or
required or directed by any public body or in accordance with a licence permitting alterations are not to be construed as pursuant to an obligation to the Landlord). 

  
 9 

	4.8	Valuer 

 In the case of determination by a valuer: 

 

	 	(a)	 the fees and expenses of the valuer including the cost of his appointment must be borne as he decides or in the absence of any decision equally by
the Landlord and the Tenant who must otherwise each bear their own costs; 

  

	 	(b)	 the valuer must afford the Landlord and the Tenant an opportunity to make representations to him; and 

 

	 	(c)	 if the valuer dies, delays or becomes unwilling or incapable of acting or if for any other reason the president for the time being of the Royal
Institution of Chartered Surveyors or the person acting on his behalf thinks fit he may discharge the valuer and appoint another in his place. 

  

	4.9	 Memorandum 

When the revised rent has been ascertained memoranda of it must be signed by or on behalf of the Landlord and the Tenant and
annexed to this Lease and the counterpart of it and the Landlord and the Tenant must bear their own costs in respect of the memoranda. 
  

	4.10	 Interest 

If the revised rent payable with effect from any Review Date has not been agreed by that Review Date rent will continue to be
payable at the rate previously payable. Forthwith on the revised rent being ascertained the Tenant must pay to the Landlord any shortfall between the rent and the revised rent payable up to and on the preceding Quarter Day together with interest at
the Interest Rate on each part of the shortfall from the date or respective dates on which each part would have been due for payment had the revised rent been ascertained before the relevant Review Date until the date of payment. 

For the purpose of this clause the revised rent will be deemed to have been ascertained on the date when it has been agreed
between the Landlord and the Tenant or the date of the determination by the valuer. 
  

	4.11	 Costs 

If either the Landlord or the Tenant fails to pay the relevant part of the fees and expenses of the valuer under clause 4.8
within 15 Business Days of the same being demanded by the valuer the other may pay the same and the amount so paid must be repaid on demand by the party chargeable and is recoverable from that party as a debt due. If the valuer requires payment of
his fees and expenses before releasing his determination, either the Landlord or the Tenant may pay them and recover the other’s share of them from the other. 
  

	4.12	 Time not of the essence 

Time is not of the essence for the purposes of this clause. 

  
 10 

	5.	SERVICE CHARGE 

  

	5.1	Payment 

 The Tenant must pay to the Landlord the Provisional Service
Charge without any deduction, withholding or set-off by equal quarterly payments in advance on the Quarter Days. The first payment (which is an apportioned sum) is to be made on the Service Charge Commencement Date in respect of the period
commencing on the Service Charge Commencement Date and ending on the next following Quarter Day. 
  

	5.2	 Account 

As soon as possible after (and in any event within six months of) every Accounting Date the Landlord must prepare and supply
to the Tenant an account: 
  

	 	(a)	 showing the Gross Expenses, the Income and the Net Expenses for the Financial Year referred to in the account; 

 

	 	(b)	 containing a fair summary of the items referred to in it; and 

 

	 	(c)	 certified by the Landlord or its agents acting in accordance with the principles of good estate management (who may be the managing agents for the
Building). 

 The account will be conclusive evidence of all matters of fact referred to it in it save in
the case of manifest error. The Landlord must afford the Tenant on request reasonable facilities at reasonable times for inspecting and taking copies of the accounts and receipts and other documents supporting the account. 

 

	5.3	 First balancing payment 

In the case of the first Accounting Date after the Service Charge Commencement Date, if the proportion of the Tenant’s
Share of the Net Expenses shown in the account apportioned on a daily basis for the period from that date to the Accounting Date: 
  

	 	(a)	 exceeds the amount already paid as Provisional Service Charge before the first Accounting Date, the Tenant must pay the excess to the Landlord
within 14 days of written demand; or 

  

	 	(b)	 is less than the amount already paid as Provisional Service Charge before the first Accounting Date, the Landlord must credit the excess to the
Tenant against the next quarterly payment of Provisional Service Charge. 

  

	5.4	 Subsequent balancing payments 

In the case of every subsequent Accounting Date, if the Tenant’s Share of the Net Expenses shown in the account for the
period beginning on the day after the previous Accounting Date and ending on that Accounting Date: 
  

	 	(a)	 exceeds the amount paid as Provisional Service Charge during that period, the Tenant must pay the excess to the Landlord within 14 days of written
demand; or 

  

	 	(b)	 is less than the amount paid as Provisional Service Charge during that period, the Landlord must credit the excess to the Tenant against the next
quarterly payment of 

  
 11 

	 	 
Provisional Service Charge or repay the excess in respect of the last year of the Term within 14 days of the account being prepared and supplied to the Tenant. 

 

	5.5	 Past costs 

If the Landlord fails to include in any account for a Financial Year a sum expended or liability incurred in that year the
Landlord may include such sum or the amount of such liability in an account for the next Financial Year. 
  

	5.6	 Variation of Tenant’s Share 

If the Landlord considers that, having regard to the nature and degree of use by the Tenant or the other tenants in the
Building of any of the facilities referred to in the definition of Gross Expenses or any other factor which the Landlord reasonably considers relevant, some proportion other than that referred to in the definition of the Tenant’s Share ought
properly to be payable by the Tenant, the Landlord may substitute that other proportion in the case of that facility. But the Tenant’s Share of the Net Expenses must not be increased by reason solely of any of the Lettable Areas being vacant or
unlet. 
  

	5.7	 Reserved as rent 

All sums payable under this clause are reserved as rent. 

 

	5.8	 Definitions 

In this clause: 

Accounting Date means 31st December or such other date as the Landlord may reasonably nominate from time to time;

 Financial Year means a year ending on an Accounting Date; 

Gross Expenses means all the expenses reasonably and properly incurred by the Landlord in connection with the matters
referred to in Schedule 6 and Gross Expenses shall not include - 
  

	 	(a)	 any repair made necessary as a result of damage or destruction by any Insured Risk or an Uninsured Risk; 

 

	 	(b)	 the initial refurbishment, reconstruction and equipping of the Building; and 

 

	 	(c)	 collecting rent, service charge or licence fees or arranging for the review of rent and letting of any other parts of the Building.

 Income means: 
  

	 	(a)	 any insurance money received under an insurance policy which the Landlord was obliged to effect under this Lease where the Landlord (acting
reasonably) has incurred expenses in making good the insured loss itself in pursuance of its obligations at clauses 7.3, 7.4 and 9.5; and 

  

	 	(b)	 any money received from any person (other than the service charge paid by the tenants in the Building) who was liable to contribute to the cost of
compliance with the Landlord’s obligations under this Lease where the Landlord has itself incurred the expense towards which that person contributed; 

  
 12 

 Net Expenses means the amount by which Gross Expenses exceeds Income; 

Net Internal Area has the meaning given to that expression in the Code of Measuring Practice published by the Royal
Institution of Chartered Surveyors and the Incorporated Society of Valuers and Auctioneers (Sixth Edition); 

Provisional Service Charge means: 
  

	 	(a)	 in respect of the period from the Service Charge Commencement Date to the next following Accounting Date, the annual sum of £8,097; and

  

	 	(b)	 in respect of each subsequent Financial Year, the sum reasonably fixed from time to time by the Landlord or its agents (who may be the managing
agents for the Building) acting in accordance with the principles of good estate management as being a reasonable estimate of the Tenant’s Share of the Net Expenses for the relevant Financial Year; 

Tenant’s Share means, subject to clause 5.6, the same proportion of the Net Expenses as the Net Internal Area of
the Property from time to time bears to the Net Internal Area of the Lettable Areas from time to time. 
  

	6.	 TENANT’S COVENANTS 

  

	6.1	 Introduction 

The Tenant covenants with the Landlord to comply with its obligations set out in this clause and in clauses 5, 8 and 9.

  

	6.2	 Rent 

The Tenant must: 
  

	 	(a)	 pay the yearly rent to the Landlord at the times and in the manner referred to in clause 4 without any deduction and (if reasonably required by the
Landlord) by banker’s standing order or direct debit; and 

  

	 	(b)	 not exercise or seek to exercise any right or claim to withhold rent or any right or claim to legal or equitable set-off. 

 

	6.3	 Outgoings 

The Tenant must: 
  

	 	(a)	 pay all present and future Outgoings assessed, charged or imposed on, or payable in respect of the Property or assessed, charged or imposed on, or
payable by the owner or occupier of the Property; 

  

	 	(b)	 pay the proportion properly and reasonably attributable to the Property of all Outgoings assessed, charged or imposed on or payable in respect of
the Property and other properties assessed, charged or imposed on or payable by the owner or occupier of the Property and other properties; 

  
 13 

	 	(c)	 pay all charges for the supply to and consumption at the Property of water, gas and electricity and all charges for telecommunications (including
equipment rents) and observe and perform all regulations of the supply authorities; and 

  

	 	(d)	 where such charges as are referred to in clause 6.3(c) are made in relation to the Property and other properties or upon the owner or occupier of
the Property and other properties, pay the suppliers and indemnify the Landlord against the proportion of those charges properly and reasonably attributable to the Property or its owner or occupier. 

In this clause Outgoings means rates, taxes, duties, charges, assessments, impositions and outgoings whether
parliamentary, parochial, local or of any other description and whether of the nature of capital or revenue and even though of a wholly novel character except for any payable by the Landlord in respect of its receipt of all rents receivable from the
letting of the Building other than VAT or as a result of any dealing with its reversionary interest in the Building. The proportion referred to in clauses 6.3(b) and 6.3(d) will be determined by the Landlord (acting reasonably) whose determination
will be conclusive save as to questions of law. 
  

	6.4	 Repair 

The Tenant must: 
  

	 	(a)	 put and keep the Property (including, for the avoidance of doubt, the plant referred to in paragraph (j) of Part 2 of Schedule 1 but excluding
the windows and window frames) in good and substantial repair and condition, but, subject to clause 6.4(b), is not obliged to repair damage caused by an Insured Risk or an Uninsured Risk; 

 

	 	(b)	 if directed to do so by the Landlord, repair damage caused by an Insured Risk where the insurance monies are irrecoverable because of the act,
default or omission of the Tenant, any person deriving title under the Tenant or anyone at the Property with the express or implied authority of any of them; 

 

	 	(c)	 replace all the Landlord’s fixtures and fittings in the Property which become beyond repair during the Term with others of no lesser quality;

  

	 	(d)	 keep all windows and other glass in the Property (both inside and outside) clean, cleaning them at least once a month and more frequently where
necessary; 

  

	 	(e)	 enter into and maintain throughout the Term fully comprehensive maintenance contracts in respect of all plant, equipment and machinery forming part
of the Property with a reputable company or companies first approved by and in forms approved by the Landlord (such approval not to be unreasonably withheld or delayed) and produce the contracts to the Landlord on demand with evidence that any
payments due under them are paid up to date; 

  

	 	(f)	 produce to the Landlord on demand a certificate issued by an electrical contractor first approved by the Landlord (such approval not to be
unreasonably withheld or delayed) that the electrical circuits within and forming part of the Property comply with the then current regulations of the Institute of Electrical Engineers or other amended standards or recommended current codes of
practice, in each case as approved by the Landlord (such approval not to be unreasonably withheld or delayed); and 

  
 14 

	 	(g)	 notify the Landlord of all defects in the Property which are relevant defects for the purpose of Section 4 of the Defective Premises
Act 1972. 

  

	6.5	 Redecoration 

The Tenant must redecorate the interior of the Property in every fifth year and in the last year of the Term in colours and
patterns which must be first approved by the Landlord in the last year of the Term (such approval not to be unreasonably withheld or delayed). The Tenant must also have all parts of the Property requiring treatment for their preservation and
protection treated in accordance with a reasonably approved manner for preserving and protecting them (such approval not to be unreasonably withheld or delayed). All works under this clause must be carried out in a good and workmanlike manner and
with suitable, good quality materials. 
 In this clause the last year of the Term means the period of 12 months ending at
the End of the Term. 
  

	6.6	 Party matters 

The Tenant must pay a fair and reasonable proportion of all costs and expenses payable in respect of repairing, lighting,
cleansing and maintaining anything used in common by the Property and any other property to the extent that those costs and expenses are not recoverable under clause 5. The proportion must be determined by the Landlord (acting reasonably and
fairly) whose determination will be conclusive save as to questions of law. 
  

	6.7	 Entry by the Landlord 

The Tenant must: 
  

	 	(a)	 permit the Landlord to enter the Property to examine its condition and take inventories; 

 

	 	(b)	 permit the Landlord to enter the Property to exercise any of the rights reserved to the Landlord by this Lease and for any other reasonable purpose
connected with the management of the Building subject to the Landlord making good to the Tenant all damage to the Property but not being obliged to compensate the Tenant for any loss suffered by the Tenant or for any nuisance, annoyance,
inconvenience, noise or vibration; 

  

	 	(c)	 permit the Landlord and any person acting as valuer under clause 4 to enter the Property and inspect and measure the Property for all
purposes connected with insurance of the Building or any part of it, any action under the Landlord and Tenant Act 1954 Part II or the implementation of clause 4; and 

 

	 	(d)	 furnish all information relevant for those purposes as the Landlord or anyone having a right of entry under this clause may reasonably request.

 Except in case of emergency the Landlord must give the Tenant reasonable prior written notice of at
least 48 hours before exercising the right of entry which must be exercised at reasonable times. After notice or in case of emergency the Landlord may break into the Property. The right of entry must be exercised in a reasonable manner and in such a
way as not to prevent the Tenant’s beneficial user and enjoyment of the Property so far as reasonably practicable. 

  
 15 

	6.8	Remedy breaches 

 The Tenant must remedy all breaches of covenant
notified by the Landlord to the Tenant which the Tenant is liable to remedy under this Lease as soon as possible and in any event within two months after service of the notice. If the Tenant fails to do so, the Landlord may enter the Property and
remedy the breach. All costs and expenses incurred by the Landlord must be paid by the Tenant on demand. 
  

	6.9	 Alterations 

The Tenant must: 
  

	 	(a)	 not make any alteration or addition to the Property or to any other part of the Building (other than the erection, alteration or removal of
internal, non-structural, demountable partitioning within the Property, none of which requires consent,) save as permitted by clause 6.9(b); 

  

	 	(b)	 not make any non-structural alteration to the Property (other than, in relation to demountable partitioning, as mentioned in clause 6.9(a)) without
the prior consent of the Landlord which may not be unreasonably withheld or delayed; 

  

	 	(c)	 before the End of the Term, if required to do so by the Landlord at least six months before the End of the Term where the Term expires by effluxion
of time but not otherwise, remove any alteration or addition (including any made before the beginning of the Term by the Tenant) and make good all physical damage caused by the removal to the reasonable satisfaction of the Landlord;

  

	 	(d)	 not enter into any agreement with any operator conferring on the operator any right to do on the Property anything referred to in paragraphs
2(1)(a), (b) or (c) of the telecommunications code or agree to be bound by any such right granted by another person; 

  

	 	(e)	 procure that no occupier of the Property or any part of it enters into any such agreement; and 

 

	 	(f)	 forthwith notify the Landlord in writing if any operator requests the Tenant or, to the knowledge of the Tenant, any other person to grant the
operator any such right or if any operator does anything referred to in those paragraphs without having obtained the agreement of all persons having an interest in the Property. 

In this clause a non-structural alteration is one which does not affect the roof, foundations or exterior of the Building or
any load-bearing part of it and operator has the meaning given to that expression by paragraph 1 of the telecommunications code and telecommunications code means the code in schedule 2 of the Telecommunications Act 1984. 

 

	6.10	 Signs 

The Tenant must: 
  

	 	(a)	 not display on the Property any signs visible from outside the Property except those which in the Landlord’s opinion (acting reasonably) are
reasonably necessary in connection with the business carried on at the Property and which are in a form approved by the Landlord and are affixed in positions approved by the Landlord (such approval not to be unreasonably withheld or delayed);

  
 16 

	 	(b)	 at the End of the Term remove all signs (including any erected before the beginning of the Term by the Tenant) and make good all damage caused by
their removal; and 

  

	 	(c)	 not affix any signs to any part of the Building other than the Property and not without the consent of the Landlord not to be unreasonably withheld
or delayed to affix to the roof of the Building any external radio, television or other aerial or satellite dish or any pole, mast, flag or wire except as permitted under Schedule 2. 

In this clause signs includes signs, hoardings, posters, placards, advertisements, bills, inscriptions and letters. 

 

	6.11	 Use 

The Property must not be used for any purpose other than the Permitted Use. 

 

	6.12	 Use obligations 

The Tenant must: 
  

	 	(a)	 not leave the Property unoccupied for more than a month without notifying the Landlord and providing the security arrangements required by the
Landlord and its insurers; 

  

	 	(b)	 not do anything on the Property which maybe a nuisance, damage, danger, annoyance or inconvenience to the Landlord or any nearby owner or occupier;

  

	 	(c)	 not allow to pass into the Conduits serving the Property anything that may obstruct them or cause damage, danger or pollution or anything poisonous
or radioactive; 

  

	 	(d)	 not bring onto or keep in the Property anything dangerous, inflammable, explosive, noxious or offensive; 

 

	 	(e)	 not use the Property for any illegal or immoral purpose or for any dangerous, noxious, noisy or offensive occupation or in any manner so as to be
offensive to the occupiers of any nearby property; 

  

	 	(f)	 not use the Property for the holding of public meetings or auction sales or as a residence or sleep at the Property or keep any animal on it;

  

	 	(g)	 not overload the Building or its Conduits or interfere with the ventilation, heating or air-conditioning systems in the Building and operate those
systems in accordance with the Landlord’s instructions; 

  

	 	(h)	 remove all refuse daily, keep the Property clean, tidy and in good order and not cause the Common Parts or any other area abutting the Property to
be untidy; 

  

	 	(i)	 not obstruct the Common Parts and not do anything as a result of which reasonable use of the Common Parts by others may be impeded;

  

	 	(j)	 ensure that at all times both the Landlord and (if reasonably required by the Landlord) the police know the names, home addresses and home
telephone numbers of at least two keyholders of the Property. 

  
 17 

	6.13	Statutory requirements 

 The Tenant must: 

 

	 	(a)	 comply with every enactment and with the requirements and recommendations of every authority relating to or affecting the Property or its use or
occupation or the employment of anyone at the Property or any equipment or chattels in the Property and whether applicable to the owner, landlord, tenant or occupier of the Property except where such compliance is within the ambit of the
Landlord’s obligations in this lease; 

  

	 	(b)	 in particular, comply with the CAW Regulations, insofar as they relate to the Property, unless the Landlord gives the Tenant notice that the
Landlord elects to do so; 

  

	 	(c)	 if the Landlord gives notice under clause 6.13(b), pay to the Landlord on demand: 

 

	 	(i)	 the cost reasonably and properly incurred by the Landlord in complying with the CAW Regulations in relation to the Property; and

  

	 	(ii)	 a fair and reasonable proportion of the cost incurred by the Landlord in complying with the CAW Regulations in relation to the Building as a whole
or in relation to the Retained Area; and 

  

	 	(d)	 comply with all requirements and recommendations of the appropriate authority and the Landlord’s insurers and all reasonable requirements of
the Landlord as to means of escape from the Property in case of fire or other emergency and as to the provision and maintenance of fire detection equipment, fire alarm equipment and fire fighting equipment. 

In this clause authority includes every government department, local or other authority and court of competent
jurisdiction and the proportion referred to in clause 6.13(c)(ii) will be determined by the Landlord (acting reasonably) whose determination will be conclusive save as to questions of law. 

 

	6.14	 Notices 

The Tenant must: 
  

	 	(a)	 give the Landlord a copy of every notice or order and of every proposal for a notice or order issued to the Tenant, its sub-tenants or any occupier
of the Property or left at the Property within five Business Days of its service; 

  

	 	(b)	 take all steps necessary to comply with every notice or order without delay; and 

 

	 	(c)	 at the request and cost of the Landlord make or join with the Landlord in making such objections or representations in respect of the notice, order
or proposal as the Landlord thinks fit except where the Tenant reasonably considers any such objections are against its best interests or those of any other lawful occupier of the Property. 

  
 18 

	6.15	Planning Acts 

 The Tenant must: 

 

	 	(a)	 comply with the Planning Acts in relation to the Property, any operations carried out at the Property and its use and not commit any breach of
planning control; 

  

	 	(b)	 obtain from the local planning authority planning permission for the carrying out of any operation on the Property or the institution or
continuance of any use which may constitute development within the meaning of the Planning Acts; 

  

	 	(c)	 not make any application for planning permission without the prior consent of the Landlord to the making of the application (such application not
to be unreasonably withheld or delayed), indemnify the Landlord against all charges payable in respect of the application and repay to the Landlord all professional fees and expenses properly and reasonably incurred by the Landlord in connection
with the application; 

  

	 	(d)	 forthwith after the grant or refusal of any application, give the Landlord a copy of the permission or the refusal; 

 

	 	(e)	 not make any alteration or addition to or change of use of the Property (being an alteration or addition or change of use which is prohibited by
this Lease or for which the consent of the Landlord must be obtained under this Lease and for which a planning permission must be obtained) before planning permission for it has been produced to the Landlord and acknowledged by the Landlord as
satisfactory to it (such acknowledgement not to be unreasonably withheld or delayed) but so that the Landlord may refuse to express satisfaction with the planning permission on the grounds that anything contained in it or omitted from it in the
opinion of the Landlord would be or be likely to be prejudicial to the Landlord’s interest in the Property during the Term or after the End of the Term; 

 

	 	(f)	 pay any charge imposed under the Planning Acts in respect of the carrying out of any operation or the institution or continuance of any use at the
Property by the Tenant or any other lawful occupier; 

  

	 	(g)	 unless the Landlord directs otherwise, carry out before the End of the Term all works required to be carried out as a condition of any planning
permission which may have been implemented during the Term whether or not the date by which the planning permission requires those works to be carried out falls within the Term; 

 

	 	(h)	 pay to the Landlord on demand a fair and reasonable proportion of any compensation received by the Tenant because of a restriction on the use of
the Property under the Planning Acts, any dispute as to the proportion to be referred to arbitration; 

  

	 	(i)	 produce to the Landlord all drawings, documents and other evidence required by the Landlord to satisfy itself that this clause has been complied
with; 

  

	 	(j)	 not implement any planning permission without providing security required by the Landlord for compliance with the conditions imposed by that
permission; 

  

	 	(k)	 not serve any purchase notice under the Planning Acts requiring any authority to purchase the Tenant’s interest in the Property without first
offering to surrender this 

  
 19 

	 	 
Lease at the price which might reasonably be expected to be obtained from the authority under the purchase notice, any dispute as to the amount of the price to be referred to arbitration;

  

	 	(l)	 not make any objection or adverse representation in respect of any planning application made by or with the consent of the Landlord unless the
Tenant reasonably considers that such application is against its best interests or those of any other lawful occupier of the Property. 

In this clause operation and development each includes works to any listed building which are prohibited by the
Planning Acts unless authorised by them and planning permission includes listed building consent. 
  

	6.16	 Obstruction 

The Tenant must not: 
  

	 	(a)	 stop up, darken or obstruct any window or any opening belonging to the Property or the remainder of the Building; or 

 

	 	(b)	 give to any third party any acknowledgement that the Tenant enjoys the access of light or air to any of the windows or openings in the Property or
in the remainder of the Building by the consent of a third party; or 

  

	 	(c)	 pay to any third party any sum of money or enter into any agreement with any third party for the purpose of inducing or binding him to abstain from
obstructing the access of light or air to any window or opening. 

  

	6.17	 Obstruction proceedings 

If any of the owners or occupiers of nearby land or buildings do or threaten to do anything which obstructs or may obstruct
the access of light or air to any of the windows or openings in the Property, the Tenant must: 
  

	 	(a)	 notify the same forthwith to the Landlord; and 

  

	 	(b)	 permit the Landlord to bring proceedings in the name of the Tenant but at the cost of the Landlord against any of the owners or occupiers of the
nearby land or buildings in respect of the obstruction. 

  

	6.18	 Acquisition of rights 

The Tenant must not allow any easement to be acquired over the Property or the remainder of the Building. If any easement is
acquired or attempted to be acquired, the Tenant must give immediate notice of it to the Landlord and at the request of the Landlord and at the cost of the Tenant insofar as the easement is over the Property but at the cost of the Landlord insofar
as the easement is over the remainder of the Building adopt the course required by the Landlord for preventing the acquisition of the easement. 

  
 20 

	6.19	Costs 

 The Tenant must pay on an indemnity basis all costs and expenses
reasonably and properly incurred by the Landlord: 
  

	 	(a)	 in or in contemplation of any proceedings relating to the Property under the Law of Property Act 1925 sections 146 and 147, or
the Leasehold Property (Repairs) Act 1938, the preparation and service of any notice under those sections or the taking of steps subsequent to such notice notwithstanding that forfeiture is
avoided otherwise than by relief granted by the Court; 

  

	 	(b)	 in the preparation and service of any notice to repair or any schedule of dilapidations at any time during the Term or within three months after
the End of the Term; 

  

	 	(c)	 in connection with the recovery of arrears of Rent or other sums due to the Landlord under this Lease including the levy or attempted levy of any
distress; and 

  

	 	(d)	 in respect of any application for consent required by this Lease whether or not the consent is granted unless such consent is unlawfully withheld
(including any inspection of works authorised by the consent and of any re-instatement of those works). 

Where the Landlord could recover the cost of services or advice under the first part of this clause if they were undertaken by
a third party but those services or that advice are provided by the Landlord or by a company which is a member of the same group as the Landlord (within the meaning of section 42 of the Landlord and Tenant Act 1954), the Tenant must
pay to the Landlord or to that company a reasonable sum (plus VAT if payable) for such services or advice but not more than the amount payable by the Tenant if those services or that advice had been provided by a third party. 

 

	6.20	 Indemnity 

The Tenant must: 
  

	 	(a)	 pay and make good to the Landlord every loss and damage incurred or sustained by the Landlord as a consequence of every breach or non-observance of
the covenants by the Tenant in this Lease and indemnify the Landlord against all actions, claims, liabilities, costs and expenses arising by reason of the breach; and 

 

	 	(b)	 indemnify and keep the Landlord indemnified from liability in respect of all loss, damage, actions, proceedings, claims, demands, costs, damages
and expenses in respect of any injury to or the death of any person or damage to any property or in respect of the infringement, disturbance or destruction of any right by reason of or arising in any way directly or indirectly out of:

  

	 	(i)	 the act, omission or default of the Tenant, any person deriving title under the Tenant or any person at the Property with the express or implied
authority of any of them; and 

  

	 	(ii)	 any breach by the Tenant or by any person deriving title under the Tenant of any covenant by the Tenant or any condition contained in this Lease.

  
 21 

	6.21	Notices for sale and re-letting 

 The Tenant must: 

 

	 	(a)	 permit the Landlord during the six months before the End of the Term to affix to the Property a notice for re-letting it; 

 

	 	(b)	 permit the Landlord at any time during the Term to affix to the Property a notice for dealing with the Landlord’s interest in the Property or
the Building in such position as does not prevent access to or obscure the windows of the Property; and 

  

	 	(c)	 permit all persons with written authority from the Landlord or the Landlord’s agent to view the Property at all reasonable times and upon at
least 48 hours prior written notice. 

  

	6.22	 Regulations 

The Tenant must observe all reasonable regulations made by the Landlord for the proper management of the Building. 

 

	6.23	 New Guarantor 

If a Guarantor’s event of default occurs, the Tenant must notify the Landlord of the event within ten Business Days of
its occurrence. If the Landlord serves notice on the Tenant under this clause within 30 Business Days of service of the Tenant’s notice, the Tenant must procure that guarantors acceptable to the Landlord covenant by deed with the Landlord in
the form set out in Schedule 5. 
 In this clause a Guarantor’s event of default is any of the following: 

 

	 	(a)	 in the case of a Guarantor who is an individual: 

  

	 	(i)	 the death of the individual; 

  

	 	(ii)	 the individual being regarded as a patient under the Mental Health Act 1983 section 94; 

 

	 	(iii)	 an application being made for an interim order in respect of the individual or an interim order being made under the Insolvency Act 1986;

  

	 	(iv)	 the making by the individual of a proposal for a voluntary arrangement; 

 

	 	(v)	 a petition being presented for a bankruptcy order to be made against the individual or a bankruptcy order being made; 

 

	 	(b)	 in the case of a Guarantor which is a company: 

  

	 	(i)	 a proposal being made to the company and to its creditors for a voluntary arrangement; 

 

	 	(ii)	 a petition being presented for an administration order in respect of the company or an administration order being made or documents being filed
with the court for the appointment of an administrator of the company or the 

  
 22 

	 	 
directors of the company giving notice of their intention to appoint an administrator of the company; 

  

	 	(iii)	 the company having an administrative or other receiver or a manager appointed of the whole or any part of its property; 

 

	 	(iv)	 the company passing a resolution for winding up or a petition being presented for the winding up of the company or a winding up being made or the
company being dissolved other than (in any such case) a voluntary winding up of a solvent company for the purposes of amalgamation or reconstruction; 

  

	 	(c)	 in the case of a Guarantor who is an individual or which is a company: 

 

	 	(i)	 the individual or the company entering into any kind of composition, scheme of arrangement, compromise or arrangement for the benefit of creditors
or any class of creditors or permitting or suffering any distress or execution to be levied on his goods at the Property; 

  

	 	(ii)	 there occurring in relation to the individual or the company in any country or territory in which he carries on business or to the jurisdiction of
whose courts he or any of his property is subject any event which corresponds in that country or territory with any of those mentioned in clauses 6.23(a)(ii) to 6.23(a)(v) or 6.23(b) above or the individual or the company otherwise becoming subject
in any such country or territory to any law relating to insolvency, bankruptcy or winding up. 

  

	6.24	 Freehold covenants 

The Tenant must not do anything or omit to do anything which would lead to the Landlord being in breach of the covenants
contained in or referred to in the documents specified in Schedule 4 so far as they relate to the Property and are still subsisting and capable of taking effect (and save for financial charges). 

 

	6.25	 Yield up 

The Tenant must: 
  

	 	(a)	 yield up the Property (except tenant’s or trade fixtures) to the Landlord at the End of the Term with vacant possession in accordance with the
Tenant’s covenants in this Lease; 

  

	 	(b)	 make good to the reasonable satisfaction of the Landlord all damage occasioned by the removal of any tenant’s or trade fixtures; and

  

	 	(c)	 deliver to the Landlord all records made by the Tenant under the CAW Regulations either during the Term or during any earlier period of occupation
arising out of an agreement to grant the Term. 

  

	6.26	 Land Registry 

The Tenant must: 
  

	 	(a)	 if an application for registration of this Lease is made to HM Land Registry, provide to the Landlord official copies of the registers of title
relating to this Lease and the 

  
 23 

	 	 
Landlord’s title to the Property within one month after the registration has been completed; and 

  

	 	(b)	 procure forthwith at the end of the Term, the cancellation of any registration at the Land Registry relating to this Lease or the matters contained
in this Lease. 

  

	6.27	 Refuse Storage 

Not to store refuse emanating from the Property otherwise than in the refuse storage area provided by the Landlord and to
strictly comply at all times with the Refuse Storage and Management Plan as defined in the Section 106 Agreement. 
  

	6.28	 Section 106 Agreement 

The Tenant must strictly comply with the Green Travel Plan and the Servicing Management Plan (each as defined in the
Section 106 Agreement) insofar as they are related to the use and occupation of the Property. 
  

	7.	 LANDLORD’S COVENANTS 

  

	7.1	 Introduction 

Subject to clause 13.10, the Landlord covenants with the Tenant to comply with its obligations set out in this clause and in
clauses 5 and 9. 
  

	7.2	 Quiet enjoyment 

The Tenant may peaceably and quietly hold and enjoy the Property during the Term without any lawful interruption by the
Landlord or any person claiming under or in trust for the Landlord. 
  

	7.3	 Repair of structure 

Subject to the payment by the Tenant of the sums due under clause 5, the Landlord must in accordance with the principles of
good estate management put in and keep in good and substantial repair and condition and, when the Landlord considers necessary, decorate, maintain and clean: 
  

	 	(a)	 the roofs and foundations of the Building, the floors and ceilings of the Building (but not suspended ceilings, lighting, floor screed and floor
covering in the Lettable Areas), all load-bearing walls, columns and other load-bearing parts of the Building (other than the plaster and surface finish of those within the Lettable Areas) and all external walls including doors, doorframes, windows
(but not cleaning of windows) and window frames (but not the plaster and surface finish of the internal faces of those walls within the Lettable Areas); 

  

	 	(b)	 the Common Parts including any walls separating them from the Lettable Areas other than the plaster and surface finish of those walls on the side
next to the Lettable Areas; and 

  

	 	(c)	 the boundary walls and fences of the Building. 

  
 24 

	7.4	 Repair of conduits 

Subject to the payment by the Tenant of the sums due under clause 5, the Landlord must maintain in good working order and
repair all Conduits in the Building excluding those the maintenance of which is the exclusive responsibility of the Tenant or of some other tenant in the Building or would be the exclusive responsibility of a tenant if the whole of the Lettable
Areas were let on similar terms to those in this Lease. 
  

	7.5	 Section 106 Agreement 

By way of indemnity only the Landlord covenants to comply with the obligations contained in the Section 106 Agreement
insofar as compliance is not the responsibility of the Tenant under this Lease and shall indemnify and keep the Tenant indemnified against any liability arising from any breach, non-compliance or non-observance of any of the obligations contained in
the Section 106 Agreement other than those obligations which are the responsibility of the Tenant under this Lease. 
  

	7.6	 Tenant’s Plant 

The Landlord covenants that it will not install or permit the installation of plant on the roof of the Building which will
prevent the access and maintenance of the Tenant’s plant on the roof of the Building. 
  

	8.	 ALIENATION 

  

	8.1	 Restrictions on alienation 

Save to the extent permitted by the following clauses of this clause, the Tenant must not part with possession of the whole or
any part of the Property or part with or share occupation of the whole or any part of the Property or permit occupation by a licensee of the whole or any part of the Property or hold on any trust the whole or any part of the Property. 

 

	8.2	 Assignment 

The Tenant must not: 
  

	 	(a)	 assign part of the Property; nor 

  

	 	(b)	 assign the whole of the Property without the prior consent of the Landlord which, subject to clauses 8.3 and 8.4, may not be unreasonably withheld
or delayed. 

  

	8.3	 Agreement as to circumstances 

The Landlord and the Tenant agree that the Landlord may withhold its consent to an assignment if any one or more of the
following circumstances (which are specified for the purposes of section 19(1A) of the Landlord and Tenant Act 1927) exist: 
  

	 	(a)	 the Landlord determines, acting reasonably, that the proposed assignee is not a person who is likely to be able both to comply with the
tenant’s covenants in this Lease and to continue to be such a person following the assignment; 

  

	 	(b)	 the Landlord determines, acting reasonably, that the proposed assignment may have a materially adverse effect on the value of the Landlord’s
reversionary interest in the Property; 

  
 25 

	 	(c)	 the proposed assignee or any proposed guarantor for it (other than any guarantor under an authorised guarantee agreement) has the benefit of state
or diplomatic immunity or the Landlord determines, acting reasonably, that it is likely to acquire that immunity; 

  

	 	(d)	 the proposed assignee is a company which is a member of the same group (within the meaning of section 42 of the Landlord and Tenant Act
1954) as the Tenant except for a company registered in England and Wales whose pre-tax profits for its last financial year prior to the proposed assignment are no less than the pre-tax profits of the assignor Tenant for the same period and are
in any event no less than £2,250,000; 

  

	 	(e)	 the proposed assignee or any proposed guarantor for it (other than any guarantor under an authorised guarantee agreement) is a corporation
registered in or an individual resident in a jurisdiction in which a judgment obtained in the courts of England and Wales will not necessarily be enforced without any re-examination of the merits of the case. 

 

	8.4	 Agreement as to conditions 

The Landlord and the Tenant agree that the Landlord may grant consent to an assignment subject to any one or more of the
following conditions (which are specified for the purposes of section 19(1A) of the Landlord and Tenant Act 1927): 
  

	 	(a)	 that before the assignment the Tenant enters into and unconditionally delivers to the Landlord an authorised guarantee agreement, such agreement to
be a deed and to contain the provisions in Schedule 5 (with the necessary changes) or (at the Landlord’s absolute discretion) such other provisions as the Landlord reasonably prescribes and (in either case) such ancillary provisions as the
Landlord reasonably prescribes; 

  

	 	(b)	 that before the assignment any person (other than a former Tenant) who at the time of the application for the consent is guaranteeing the
obligations and liabilities of the Tenant under this Lease or a body of equal or greater covenant strength covenants by deed with the Landlord that the Tenant will perform its obligations under the authorised guarantee agreement required under
clause 8.4(a), the deed to contain the provisions in paragraphs 1 to 4 and 9 of Schedule 5 (with the necessary changes) and an obligation on the part of the covenantor (in the event of default on the part of the Tenant) to perform any obligation
entered into by the Tenant in the authorised guarantee agreement to take up a new lease, and otherwise to be in such form as the Landlord reasonably requires; 

 

	 	(c)	 that before the assignment, if the Landlord, acting reasonably, determines it to be necessary, one or more guarantors acceptable to the Landlord,
acting reasonably, covenant by deed with the Landlord in the form set out in Schedule 5 (with the necessary changes and with such other provisions as the Landlord reasonably requires) in respect of the period ending on the date on which the assignee
assigns this Lease in accordance with its terms; 

  

	 	(d)	 that all Rent due from the Tenant under this Lease as at the date of the assignment has been paid; 

 

	 	(e)	 that if the consent of any Head Landlord is required to the assignment, that consent has been obtained before the assignment; and

  
 26 

	 	(f)	 that the assignment is completed and registered with the Landlord in accordance with clause 8.14 within three months after the date of the consent
and that if it is not, then, at the Landlord’s discretion, the consent will be voidable. 

  

	8.5	 Further agreement 

The Landlord and the Tenant agree that the Landlord may withhold consent to an assignment in circumstances which are not
referred to in clause 8.3 if it is reasonable to do so and may grant consent subject to conditions which are not specified in clause 8.4 if the conditions are reasonable. 
  

	8.6	 Underletting 

The Tenant must not: 
  

	 	(a)	 underlet part only of the Property unless it is a Permitted Part; 

 

	 	(b)	 underlet the whole of the Property or a Permitted Part: 

 

	 	(i)	 without complying with the provisions of clauses 8.7 to 8.11; and 

 

	 	(ii)	 without the prior consent of the Landlord, which may not be unreasonably withheld or delayed; or 

 

	 	(c)	 underlet the whole of the Property or a Permitted Part so that any floor of the Property is occupied by more than two occupiers (companies within
the same group of companies (as defined in clause 8.12) being treated as single occupier). 

 In this
Lease a Permitted Part means either a whole floor of the Property (excluding areas to be used in common with other occupiers) or a part of a floor of the Property reasonably capable of separate occupation and use. 

 

	8.7	 Exclusion agreement 

The Tenant must not underlet the whole of the Property or a Permitted Part without a valid agreement between the Tenant and
the intended undertenant under section 38A of the Landlord and Tenant Act 1954 excluding the provisions of sections 24 to 28 of that Act in relation to the intended underlease.; 

 

	8.8	 Covenants on underletting 

The Tenant must procure that any intended undertenant covenants by deed with the Landlord: 

 

	 	(a)	 to pay the rent to be reserved by and the other sums to be payable under the underlease and to perform and observe, first, the tenant’s
covenants and the conditions to be contained in the underlease and, secondly, the tenant’s covenants and the conditions in this Lease (except the covenant to pay rent and any covenant in this Lease which is inconsistent with the covenants in
the underlease as authorised under clause 8.10) in respect of the period ending on the date on which the undertenant is released by virtue of the LTC Act 1995; 

  
 27 

	 	(b)	 without prejudice to clause 8.8(a), not to assign the underlet property without: 

 

	 	(i)	 first obtaining a deed of covenant from the intended assignee in favour of the Landlord in the same form (with the necessary changes) as the deed
referred to in this clause, including (without limitation) the covenants in this clause 8.8(b); and 

  

	 	(ii)	 if the Landlord reasonably requires, first obtaining a deed from one or more guarantors acceptable to the Landlord, acting reasonably, in favour of
the Landlord guaranteeing the due and punctual payment and performance of all the obligations and liabilities of the intended assignee under the deed referred to in clause 8.8(b)(i), the deed to contain the provisions in paragraphs 1 to 4 and 9 of
Schedule 5 (with the necessary changes) and otherwise to be in such form as the Landlord reasonably requires. 

  

	8.9	 Guarantee on underletting 

If the Landlord reasonably requires, the Tenant must procure that, before the underlease is granted, one or more guarantors
acceptable to the Landlord, acting reasonably, guarantee (by way of deed) to the Landlord, in respect of the period ending on the date on which the undertenant assigns the underlease in accordance with its terms and is released by virtue of the LTC
Act 1995, the due and punctual payment and performance of all the obligations and liabilities of the intended undertenant, the guarantee to contain the provisions in paragraphs 1 to 4 and 9 of Schedule 5 (with the necessary changes) and otherwise to
be in such form as the Landlord reasonably requires. 
  

	8.10	 Form of underlease 

The Tenant must procure that every underlease: 
  

	 	(a)	 contains the same tenant’s covenants and other terms and conditions as are contained in this Lease subject only to: 

 

	 	(i)	 such amendments as may be provided for in clauses 8.10(b) and 8.10(d); and 

 

	 	(ii)	 such amendments as may reasonably be required by the Tenant, having regard only to the duration of the proposed underlease, and as may be approved
by the Landlord, such approval not to be unreasonably withheld; 

  

	 	(b)	 does not permit any assignment, underlease or other dealing or disposal of the Property save in accordance with the terms of this Lease and in the
case of an underletting of a Permitted Part prohibits any further underletting of the whole or any part of the Property; 

  

	 	(c)	 provides that where the underlease requires the undertenant to obtain the landlord’s consent, the undertenant must obtain also the consent of
the Landlord; 

  

	 	(d)	 contains provisions that require a review of the rent payable under the underlease to open market rent in accordance with the provisions of this
Lease and at periods of no longer than 5 years but unless such review would otherwise be within 6 months of a Review Date not necessarily at the dates for review of the rent payable under this Lease, but this paragraph does not prohibit an
underlease of the Property upon terms that require review of the rent payable under the underlease at dates additional to the dates for review of the rent payable under this Lease. 

  
 28 

	8.11	 Underlease requirements 

The Tenant must: 
  

	 	(a)	 not grant any underlease at a fine or premium; 

  

	 	(b)	 not grant any underlease at a rent which at the time of the grant of the underlease is less than the open market rent of the Property or the
Permitted Part; 

  

	 	(c)	 not accept the surrender of or vary the terms of any underlease or release the undertenant from any covenant or condition in the underlease without
the prior consent of the Landlord, which, in the case only of a surrender, may not be unreasonably withheld or delayed; 

  

	 	(d)	 not waive any breach of any of the covenants on the part of the undertenant and the conditions contained in any underlease but take all such steps
as are lawfully available to the Tenant (including re-entry) to enforce those covenants and conditions; 

  

	 	(e)	 procure that the rent reserved by any underlease is reviewed in accordance with the provisions of the underlease but not agree any revised rent
with the undertenant without the prior consent of the Landlord (such consent not to be unreasonably withheld); 

  

	 	(f)	 if on any rent review under any underlease the revised rent is to be determined by an independent third party, procure that, subject in the case of
an expert witness to his primary duty to that third party, any representations which the Landlord wishes to make concerning the revised rent are put forward to the third party at the same time as the representations of the Tenant and as though they
were representations made by the Tenant, subject to their being representations with which the Tenant or its expert witness agree; 

  

	 	(g)	 procure that on any assignment of any underlease the outgoing undertenant enters into an authorised guarantee agreement and, where appropriate,
guarantors enter into a contractual guarantee in each case with the landlord under the underlease in accordance with the provisions of the underlease. 

In clauses 8.11(c) to 8.11(g) an underlease includes any lease where, by virtue of the grant of this Lease, the Tenant under
this Lease becomes the holder of the immediate reversion to that lease. 
  

	8.12	 Associated companies 

The Tenant may share the occupation of the whole or any part of the Property with a company which is a member of the same
group as the Tenant (within the meaning of section 42 of the Landlord and Tenant Act 1954) for so long as both companies remain members of that group and provided that: 

 

	 	(a)	 no relationship of landlord and tenant is created between the two companies and no security of tenure is conferred upon the occupier; and

  

	 	(b)	 within 15 Business Days of the commencement of the sharing the Tenant gives to the Landlord notice of the company sharing occupation and the
address of its registered office. 

  
 29 

	8.13	 Charging 

The Tenant must not: 
  

	 	(a)	 charge part of the Property; or 

  

	 	(b)	 charge the whole of the Property without the prior consent of the Landlord, which may not be unreasonably withheld or delayed.

  

	8.14	 Registration of dealings 

Within 10 Business Days of every assignment, transfer, underlease or charge of the Property or the creation or transfer of any
interest derived out of the Term or any devolution of the interest of the Tenant or any person deriving title under the Tenant, the Tenant must: 
  

	 	(a)	 produce a certified copy of the assignment, transfer, underlease or charge or (in the case of a devolution) the document evidencing the devolution
or under which it arises and, in the case of an underlease in respect of which the provisions of sections 24 to 28 (inclusive) of the Landlord and Tenant Act 1954 have been excluded, a certified copy of the notice served by the
landlord and the tenant’s declaration or statutory declaration in response pursuant to Section 38A of that Act; and 

  

	 	(b)	 pay the Landlord a registration fee of a reasonable amount, being not less than £25, in respect of each assignment, transfer, underlease,
charge or devolution. 

  

	9.	 INSURANCE 

  

	9.1	 Landlord’s insurance obligations 

Unless the insurance is vitiated by any act, default or omission of the Tenant, any person deriving title under the Tenant or
any person at the Property with the express or implied authority of any of them the Landlord must keep the Building (other than plate glass and tenant’s or trade fixtures which the Tenant or the tenants of other parts of the Lettable Areas are
entitled to remove) insured with substantial and reputable insurers or underwriters selected by the Landlord (acting reasonably) in accordance with the provisions of this clause to the extent to which the Building is insurable and subject to all
usual and commercial exclusions, limitations and excesses imposed by the insurers. 
  

	9.2	 Sum and risks insured 

The Building must be insured in a sum not less than its full reinstatement cost (as determined from time to time by the
Landlord acting reasonably) against loss or damage by the Insured Risks. 
  

	9.3	 Fees and loss of Rent 

The insurance must extend to: 
  

	 	(a)	 architects’ and other professional fees in relation to the reinstatement of the Building for a minimum sum of 15 per cent. of the amount
insured in respect of the Building; 

  

	 	(b)	 VAT, the costs of demolition, temporary support and protection and removal of debris; and 

  
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	 	(c)	 loss of rent for such period as the Landlord may decide (but for a period of at least three years) in an amount which takes into account the
Landlord’s reasonable estimate of potential increases in rent. 

  

	9.4	 Production of policy 

Whenever reasonably required to do so by the Tenant, but not more often than once a year, the Landlord must produce to the
Tenant at the Landlord’s office a copy of the insurance policy or other evidence of it and evidence of payment of the last premium. 
  

	9.5	 Reinstatement 

Subject to clause 9.14, if the Property or the means of access to it within the Building is destroyed or damaged by any of the
Insured Risks, the Landlord must use all reasonable endeavours to: 
  

	 	(a)	 obtain all consents and permissions necessary for reinstatement as soon as reasonably possible; 

 

	 	(b)	 subject to obtaining those consents and permissions lay out as soon as practicable all insurance monies received by the Landlord (other than for
fees and loss of rent) in reinstating the Property (other than plate glass and tenant’s or trade fixtures which the Tenant is entitled to remove) or the means of access to it within the Building; and 

 

	 	(c)	 subject to the Tenant complying with its obligations in clauses 9.6 to 9.10 inclusive, make good out of the Landlord’s own monies any
deficiency (other than one arising from an exclusion, limitation or excess imposed by the insurers). 

 In
reinstating the Property, the Landlord may make such variations to its design as the Landlord decides (acting reasonably), so long as the Tenant is provided with accommodation reasonably equivalent to that previously comprised in the Property. 

 

	9.6	 Tenant’s insurance obligations 

The Tenant must: 
  

	 	(a)	 pay to the Landlord within 14 days of written demand a fair and reasonable proportion of: 

 

	 	(i)	 every premium payable by the Landlord (including any part of it which the Landlord is entitled to retain by way of commission) for insuring the
Building in accordance with its obligations in clause 9.1 and for effecting insurance in respect of liability to third parties including members of the public and such other insurances as the Landlord considers desirable (acting reasonably);

  

	 	(ii)	 where the policy includes the Building and other properties, the proportion properly and reasonably attributable to the Building of every premium
payable by the Landlord (including any part of it which the Landlord is entitled to retain by way of commission) for insuring the Building and the other properties in accordance with its obligations in clause 9.1 and for effecting (in relation to
the Building and the other properties) the other insurances referred to in clause 9.6(a)(i), the proportion to be determined by 

  
 31 

	 	 the Landlord (acting reasonably) whose determination will be conclusive save as to questions of law; 

 

	 	(iii)	 in the case of any Insured Risk any sum arising from an exclusion, limitation or excess and deducted or deductible by the insurers on any claim
made by the Landlord; 

  

	 	(iv)	 all costs and expenses reasonably and properly incurred by the Landlord in obtaining a valuation of the Building for insurance purposes not more
than once in every year. 

  

	 	(b)	 insure all plate glass in the Property against all risks with an insurance company approved by the Landlord in the joint names of the Landlord and
the Tenant and, on demand, produce a copy of the insurance policy and evidence of payment of the last premium to the Landlord. 

All sums payable by the Tenant under clause 9.6(a)(i) are reserved as rent. 

 

	9.7	 Vitiation 

The Tenant must not use the Property or carry on any business at the Property or do or omit to do at the Property anything
which may make void or voidable any policy for the insurance of the Building or any nearby property of the Landlord. 
  

	9.8	 Increased premium 

The Tenant must: 
  

	 	(a)	 without the prior consent of the Landlord not use the Property or carry on any business at the Property or do or omit to do at the Property
anything which may increase the premium payable for the insurance of the Building; and 

  

	 	(b)	 if consent is given, repay within 14 days of written demand to the Landlord any increased insurance premium payable by the Landlord.

  

	9.9	 Irrecoverable reinstatement cost 

If the Building is destroyed or damaged by any of the Insured Risks and the insurance money under any insurance effected by
the Landlord is wholly or partly irrecoverable because of any act, default or omission of the Tenant, any person deriving title under the Tenant or any person at the Property with the express or implied authority of any of them, the Tenant must:

  

	 	(a)	 pay to the Landlord on demand the whole or the appropriate proportion of the cost of reinstating the Building rendered so irrecoverable; and

  

	 	(b)	 if required by the Landlord, provide security acceptable to the Landlord, acting reasonably, for the amount referred to in clause 9.9(a) before the
Landlord starts reinstatement. 

 Any dispute as to the amount of such proportion must be referred to
arbitration. 

  
 32 

	9.10	 Notice of damage 

If the Property or the means of access to it within the Building is destroyed or damaged by any of the Insured Risks, the
Tenant must give notice to the Landlord as soon as the destruction or damage comes to the notice of the Tenant. 
  

	9.11	 Double insurance 

The Tenant must not effect any insurance relating to the Property against any of the Insured Risks. If the Tenant is entitled
to the benefit of any insurance in respect of the Property, the Tenant must pay to the Landlord all monies received by virtue of the insurance to enable the Landlord to apply them in making good the loss or damage in respect of which they have been
received. 
  

	9.12	 Relevant matters 

The Tenant: 
  

	 	(a)	 must forthwith notify the Landlord in writing of any relevant matter; and 

 

	 	(b)	 warrants that all relevant matters existing or arising as regards Expedia.com Limited on or before today’s date or existing or arising as
regards any subsequent person becoming the Tenant on or before the date of assignment or other devolution of title have been notified to the Landlord in writing prior to today’s date or prior to execution of the assignment or the date of the
devolution, as the case may be. 

 In this clause relevant matter means any matter that a prudent insurer
or underwriter might treat as material in deciding whether or on what terms to insure or to continue to insure the Building including (without limitation) the conviction, judgment or finding of any court or tribunal relating to the Tenant or any
director, other officer or major shareholder of the Tenant of such a nature that a prudent insurer or underwriter might treat as so material. 
  

	9.13	 Cesser of rent 

If the Property or any part of it or the means of access to it within the Building is destroyed or damaged by any of the
Insured Risks or there is Major Damage caused by an Uninsured Risk so as to render the Property unfit for occupation or use or inaccessible the rent referred to in clause 4.1 and the sums payable under clause 5 or a fair proportion of them according
to the nature and extent of the damage sustained will be suspended until the Property has been reinstated and made fit for occupation and use and accessible or (in the case of damage by an Insured Risk) until the end of the period for which the
Landlord has insured against loss of rent, whichever first occurs. Any dispute as to the amount of the proportion must be referred to arbitration. This clause does not apply if and to the extent that the insurance monies in respect of loss of rent
are wholly or partially irrecoverable solely or partly because of the act, default or omission of the Tenant or any person deriving title under the Tenant or any person at the Property with the express or implied authority of any of them. 

 

	9.14	 Suspension of reinstatement obligation 

The Landlord is not obliged to reinstate the Building in accordance with clause 9.5: 

 

	 	(a)	 if the insurance is vitiated by any act, default or omission of the Tenant, any person deriving title under the Tenant or any person at the
Property with the express or implied authority of any of them; or 

  
 33 

	 	(b)	 while prevented by a supervening event. 

  

	9.15	 Supervening event 

In clause 9.14 a supervening event means any of the following: 

 

	 	(a)	 inability of the Landlord to obtain the consents and permissions referred to in clause 9.5 despite using all reasonable endeavours to do so;

  

	 	(b)	 grant of any of the consents or permissions subject to a lawful condition with which it would be unreasonable to expect the Landlord to comply or
the Landlord being requested as a precondition to obtaining any of the consents or permissions to enter into an agreement with the planning authority or any other authority containing conditions with which it would be unreasonable to expect the
Landlord to comply; 

  

	 	(c)	 inability of the Landlord to obtain access to the site to reinstate; 

 

	 	(d)	 prevention of reinstatement by any cause beyond the reasonable control of the Landlord. 

 

	9.16	 Termination 

  

	 	(a)	 If: 

  

	 	(i)	 the insurance is vitiated by any act, default or omission of the Tenant, any person deriving title under the Tenant or any person at the Property
with the express or implied authority of any of them; or 

  

	 	(ii)	 the Landlord cannot commence reinstatement within twelve months from the date of destruction or damage because of a supervening event

 and in either case the Property or a substantial part of it is unfit for occupation or use or
inaccessible the Landlord may determine the Term by serving notice on the Tenant at any time within six months of the end of the twelve month period. On service of the notice the Term will cease but without prejudice to any rights that the Landlord
may have against the Tenant or vice versa or any Guarantor for breach of any of the covenants by the Tenant or the Landlord or any Guarantor or the conditions in this Lease and all insurance monies will belong to the Landlord. 

 

	 	(b)	 If the Property or any part of it or the means of access to it within the Building is destroyed or damaged by any of the Insured Risks or any
Uninsured Risks and the destruction or damage is not made good to make the Property fit for occupation and use and accessible within three years of such destruction (or such longer period covered by the Landlord’s loss of rent insurance policy)
either party may determine the Term by serving notice on the other at any time after the end of the three years or such longer period as aforesaid. On service of the notice the Term will cease but without prejudice to any rights any party may have
against the other and all insurance monies will belong to the Landlord. 

  
 34 

	9.17	 Uninsured Risk 

  

	 	    	 If the Property or any part of it or the means of access to it within the Building is destroyed or damaged by an Uninsured Risk then if:

  

	 	(a)	 the damage does not constitute Major Damage the Landlord will be obliged to make good the damage to the Property and the access thereto at its own
cost and as expeditiously as possible and there will be no cesser of rent pursuant to clause 9.13 but 

  

	 	(b)	 if the damage constitutes Major Damage then: 

  

	 	(i)	 the Landlord may elect to (but is not obliged to) re-instate the damage to the Property and the access thereto; 

 

	 	(ii)	 if it does not so elect within 12 months of the date of damage then either the Landlord or the Tenant may determine the Term by serving written
notice on the other at any time after the end of the 12 month period; 

  

	 	(iii)	 if the Landlord does elect to re-instate then the Landlord shall be obliged to reinstate the Property and the access thereto at its own cost as if
the damage were caused by an Insured Risk; and 

  

	 	(iv)	 Clause 9.13 will apply from the date of damage as if the destruction or damage was caused by an Insured Risk. 

 

	9.18	 Landlord’s Obligations 

The Landlord will use all reasonable endeavours in relation to the insurance of the Building to: 

 

	 	(a)	 procure that the Tenant’s interest is noted or endorsed on the policy; and 

 

	 	(b)	 provide to the Tenant on demand written confirmation from its insurers that they have agreed to waive all rights of subrogation against the Tenant.

  

	10.	 RE-ENTRY 

  

	10.1	 Re-entry 

If an Event of Default occurs then notwithstanding the waiver of any previous right of re-entry the Landlord may re-enter the
Property or any part of it when the Term will cease but without prejudice to any rights or remedies which may then have accrued to the Landlord against the Tenant or vice versa or any Guarantor in respect of any antecedent breach of any of the
covenants or obligations of the Tenant or the Landlord or any Guarantor contained in this Lease (including the breach in respect of which re-entry is made). 
  

	10.2	 Event of Default 

In this clause an Event of Default is any one of the following: 

 

	 	(a)	 the Rent or any part of it being in arrear and unpaid for 21 Business Days after becoming payable (whether formally demanded or not); or

  
 35 

	 	(b)	 a breach by the Tenant of any of the covenants by the Tenant in this Lease; or 

 

	 	(c)	 the Tenant or any Guarantor (being a company) being deemed unable to pay its debts under section 123 of the Insolvency Act 1986 or
the Tenant or any Guarantor (being a company) passing a resolution for winding-up or the directors of any of them presenting a petition for winding-up or an order for the winding-up of the Tenant or any Guarantor being made (other than (in any such
case) a voluntary winding-up of a solvent company for the purposes of amalgamation or reconstruction) or the Tenant or any Guarantor being dissolved; or 

  

	 	(d)	 the Tenant or any Guarantor (being a company) having an administrative or other receiver or a manager appointed of the whole or any part of its
property or a petition being presented for an administration order or an administration order being made in respect of the Tenant or any Guarantor or documents being filed with the court for the appointment of an administrator of the Tenant or any
Guarantor or the directors of the Tenant or any Guarantor giving notice of their intention to appoint an administrator of the Tenant or any Guarantor; or 

  

	 	(e)	 the Tenant or any Guarantor (being an individual) presenting a petition for a bankruptcy order to be made against him or a bankruptcy order being
made against the Tenant or any Guarantor; or 

  

	 	(f)	 in relation to the Tenant or any Guarantor (whether an individual or a company) a proposal being made or the Tenant or any Guarantor (whether a
company or an individual) entering into any kind of composition, scheme of arrangement, compromise or arrangement for the benefit of creditors or any class of creditors or permitting or suffering any distress or execution to be levied on his goods;
or 

  

	 	(g)	 there occurring in relation to the Tenant or any Guarantor in any country or territory in which any of them carries on business or to the
jurisdiction of whose courts any of them or any of the property of any of them is subject any event which corresponds in that country or territory with any of those mentioned in clauses 10.2(c) to 10.2(f) above or the Tenant or any Guarantor
otherwise becoming subject in any such country or territory to any law relating to insolvency, bankruptcy or winding up. 

  

	11.	 VALUE ADDED TAX 

  

	11.1	 Payment 

If any VAT is chargeable on any supply under or pursuant to this Lease, the Tenant must pay the amount of that VAT in addition
to the consideration for the supply. 
  

	11.2	 VAT exclusive 

Without limiting clause 11.1, each sum reserved or payable by the Tenant under this Lease is exclusive of VAT (if any) and is
accordingly to be construed as a reference to that sum plus any VAT in respect of it, and where any sum is reserved as rent, the VAT is also reserved as rent. 

  
 36 

	11.3	 Other supplies 

If VAT is chargeable on any supply made by the Landlord to the Tenant for which a sum is not reserved or payable under this
Lease, the Tenant must pay that VAT to the Landlord against issue of a VAT invoice. 
  

	11.4	 Third party payments 

Where under this Lease the Tenant must: 
  

	 	(a)	 make any payment to the Landlord or any other person (including, without limitation, by way of service charge, indemnity or reimbursement) by
reference to any amount incurred or which will or may be incurred by the Landlord or any other person; or 

  

	 	(b)	 otherwise pay all or part of the consideration for any supply made to the Landlord or any other person, 

then without prejudice to clauses 11.1 to 11.3, the Tenant must pay an amount equivalent to any VAT in respect of the amount
or consideration except to the extent that the VAT is recoverable by the Landlord or any other person as appropriate. 
  

	11.5	 Recoverability 

For the purposes of clause 11.4, VAT is recoverable by a person, if that person (or any company treated as a member of the
same VAT group as that person) is entitled to credit for it as input tax under sections 25 and 26 VAT Act 1994. For the avoidance of doubt, VAT is not recoverable by a person only because he could elect to waive exemption, but
has not done so. 
  

	11.6	 Estimates 

Where for the purposes of this Lease it is necessary to calculate or estimate the cost or value of anything, including any
building, structure, work, item, act or service, the cost or value must be calculated or estimated so as to include any VAT which will or may be incurred. 
  

	11.7	 Outgoings 

This clause does not affect the generality of clause 6.3 (Outgoings) of this Lease. 

 

	11.8	 VAT invoice 

The Landlord must issue the Tenant with a proper VAT invoice in respect of any supply by the Landlord to the Tenant and the
Tenant must issue the Landlord with a proper VAT invoice in respect of any taxable supply by the Tenant to the Landlord. 
  

	12.	 TRUSTEE LIABILITY PROVISION 

  

	12.1	 Limitation 

The Royal Bank of Scotland plc has entered into this Lease solely in its capacity as trustee and not otherwise of Schroder
Exempt Property Unit Trust (SEPUT) and therefore notwithstanding any other provision contained in this Lease neither The Royal Bank of Scotland plc nor any successor trustee of SEPUT is obliged to meet any liability or claim under this Lease save to
the extent that the same can be met by it out of the Trust Assets. 

  
 37 

	12.2	 Trust assets 

For the purposes of this clause Trust Assets means the assets for the time being held upon the trusts of SEPUT. 

 

	13.	 GENERAL 

  

	13.1	 Interest and powers of recovery 

If any Rent or other sum payable under this Lease is not paid on the day on which it is due it will bear interest from that
day until the date of payment at the Default Interest Rate compounded quarterly. Every amount payable under this Lease is reserved as rent and is recoverable as rent in arrear. 

 

	13.2	 Interest on breach 

Without prejudice to clause 13.1 if: 
  

	 	(a)	 there is any breach by the Tenant of its obligations under this Lease; and 

 

	 	(b)	 the Landlord serves notice on the Tenant that by reason of that breach the Landlord will not for the time being accept any sums (including the
Rent) payable by the Tenant under this Lease 

 the Tenant must pay to the Landlord on demand interest at
the Default Interest Rate on the sums due to the Landlord under this Lease, in respect of the period from the date of service of the notice, or from the date when the particular sum fell due (whichever is the later), until whichever is the earlier
of the date of the acceptance by the Landlord of the sum due, and the date on which the breach is remedied. 
  

	13.3	 Disputes 

In relation to disputes: 
  

	 	(a)	 any statement in this Lease that a dispute must be referred to arbitration means that the dispute must be determined by a single arbitrator agreed
by the Landlord and the Tenant or, failing agreement, by a single arbitrator appointed by the president or his deputy for the time being of the Royal Institution of Chartered Surveyors in accordance with the Arbitration Act 1996; and

  

	 	(b)	 any dispute between the Tenant and any tenant or occupier of any other property owned or leased by the Landlord about any right in connection with
the use of the Property and the other property or about any boundary structure separating the Property from the other property may be determined by the Landlord, whose determination will be conclusive save as to questions of law.

  

	13.4	 Compensation 

Subject to the provisions of section 38(2) of the Landlord and Tenant Act 1954 neither the Tenant nor any person
deriving title under the Tenant will be entitled on quitting the Property to any compensation under section 37 of that Act. 

  
 38 

	13.5	 Joint and several liability 

Where the Tenant or any Guarantor is more than one person: 

 

	 	(a)	 those persons are jointly and severally responsible in respect of every obligation undertaken by them under this Lease; and 

 

	 	(b)	 the Landlord may release or compromise the liability of any of those persons under this Lease or grant any time or other indulgence without
affecting the liability of any other of them. 

  

	13.6	 Whole agreement 

This Lease contains the whole agreement between the parties relating to the transaction contemplated by this Lease and
supersedes all previous agreements between the parties relating to the transaction. 
  

	13.7	 Representations 

The Tenant acknowledges that in agreeing to enter into this Lease the Tenant has not relied on any representation, warranty,
collateral contract or other assurance save for written replies to written enquiries raised by the Tenant’s solicitors. 
  

	13.8	 Rights of entry 

All rights of entry exercisable by the Landlord extend to include (without limitation) its employees, agents, surveyors,
contractors and licensees with or without plant, equipment, appliances and materials. 
  

	13.9	 Interpretation of covenants 

Any covenant by the Tenant not to do or omit anything must be construed as though the covenant were in addition a covenant not
to permit or suffer that thing to be done or omitted to be done. 
  

	13.10	 Landlord’s covenants 

The Landlord will not be liable to the Tenant for any breach of its obligations in Clauses 7.3 and 7.4: 

 

	 	(a)	 unless the Tenant has given the Landlord notice of the breach or the Landlord is aware or should reasonably be aware of the breach and has failed
to remedy the breach within a reasonable time; or 

  

	 	(b)	 where the breach was caused by something beyond the control of the Landlord, provided that the Landlord uses all reasonable endeavours to remedy
the breach, except to the extent that: 

  

	 	(i)	 the breach could have been prevented; or 

  

	 	(ii)	 the consequences of the breach could have been lessened; or 

 

	 	(iii)	 the time during which the consequences of the breach were experienced could have been shortened, 

  
 39 

 by the exercise of reasonable skill by the Landlord or those undertaking the
obligation on its behalf. 
  

	13.11	 Head Lease and Charge 

Where there is a Head Lease or where the interest of the Landlord or any Head Landlord is charged: 

 

	 	(a)	 any right exercisable by the Landlord is exercisable by every Head Landlord and every Chargee; 

 

	 	(b)	 where the Tenant must obtain consent from the Landlord, the Tenant must obtain consent from every Head Landlord and every Chargee where the Head
Lease or the Charge so provide and nothing contained in this Lease will be construed as imposing on any Head Landlord or any Chargee an obligation not to refuse consent unreasonably or indicating that such an obligation is imposed on any Head
Landlord or any Chargee by virtue of the terms of the Head Lease or the Charge; 

  

	 	(c)	 where the Tenant must repay to the Landlord any expenses incurred by the Landlord then if any expenses are incurred by any Head Landlord or any
Chargee the Tenant must repay those expenses also; 

  

	 	(d)	 any indemnities in favour of the Landlord are deemed to incorporate indemnities in favour of every Head Landlord and every Chargee.

 In this clause Charge means any mortgage or charge (fixed or floating, legal or equitable)
affecting the interest of the Landlord or any Head Landlord in the Property and Chargee must be construed accordingly. 
  

	13.12	 Tenant’s possessions 

If after the Tenant has vacated the Property at the End of the Term any of the Tenant’s possessions remain on the
Property and the Tenant fails to remove them within ten Business Days after being requested to do so by the Landlord then: 
  

	 	(a)	 the Landlord may dispose of the possessions as agent for the Tenant; 

 

	 	(b)	 (if disposal is by sale) then, subject to clause 13.12(c), the Landlord must hold the proceeds of sale after deducting the costs and expenses of
removal, storage and sale incurred by it to the order of the Tenant; 

  

	 	(c)	 if the Tenant fails to claim the proceeds of sale within 60 Business Days of the date of the sale, the Landlord may keep them;

  

	 	(d)	 the Tenant indemnifies the Landlord against: 

  

	 	(i)	 any liability incurred by the Landlord to any third party whose possessions have been sold by the Landlord in the mistaken belief (which must be
presumed) that the possessions belonged to the Tenant; 

  

	 	(ii)	 any damage caused to the Property by the possessions; and 

 

	 	(iii)	 all loss, damage, actions, proceedings, claims, demands, costs, damages and expenses incurred or suffered by or brought or awarded against the
Landlord 

  
 40 

	 	 
as a result of the presence of the possessions on the Property after the Tenant has left it at the End of Term. 

 

	13.13	 Other land 

Nothing contained in or implied by this Lease: 
  

	 	(a)	 imposes or is deemed to impose any restriction on the use of any property not comprised in this Lease; or 

 

	 	(b)	 gives the Tenant: 

  

	 	(i)	 the benefit of or the right to enforce or to have enforced or to prevent the release or modification of any covenant, lease, condition or
stipulation entered into by any purchaser or tenant from the Landlord or any Head Landlord in respect of any property not comprised in this Lease; or 

  

	 	(ii)	 the right to prevent or restrict in any way the development of any land not comprised in this Lease; or 

release the Tenant from the covenants by the Tenant in this Lease notwithstanding that the Landlord has waived or released
temporarily or permanently, revocably or irrevocably or in any other way a similar covenant or similar covenants affecting any property not comprised in this Lease. 
  

	13.14	 Perpetuity period 

The perpetuity period applicable to this Lease is 80 years beginning on the date of this Lease and whenever in this Lease
either the Landlord or the Tenant is granted a future interest it must vest within that period and, if it has not, it will be void for remoteness. 
  

	13.15	 Severance 

To the extent that any provision of this Lease is rendered void by section 25 of the LTC Act 1995, that provision must
be severed from the remainder of this Lease which remains in full force and effect. In this clause provision includes a clause or a schedule or any part of any of them. 
  

	13.16	 Notices in writing 

Every notice, consent, approval or direction given under this Lease must be in writing. 

 

	13.17	 Counterparts 

This Lease may be executed in any number of counterparts, all of which, taken together, constitute one and the same lease and
any party may enter into this Lease by executing a counterpart. 
  

	13.18	 Exclusion of third party rights 

A person who is not a party to this lease may not enforce any of its terms under the Contracts (Rights of Third Parties)
Act 1999. 

  
 41 

	14.	 NOTICES 

  

	14.1	 Notices 

Any notice or other document served under this Lease may be served in any way in which a notice required or authorised to be
served under section 196 of the Law of Property Act 1925 may be served. 
  

	14.2	 SEPUT trustee 

During such period as the reversion to this Lease is vested in the trustee of Schroder Exempt Property Unit Trust no notice
will be deemed to be validly served on the Landlord unless a copy of the notice is also served on Schroder Property Investment Management Limited, 31 Gresham Street, London EC2V 7QA or such other address as the Landlord notifies to the Tenant. 

 

	15.	 GUARANTOR 

The Guarantor covenants with the Landlord in the terms set out in Schedule 5 in respect of the period from the Term
Commencement Date until the date on which Expedia.com Limited is released by virtue of the LTC Act 1995. 
  

	16.	 GOVERNING LAW 

  

	16.1	 This Lease is governed by and must be construed in accordance with English law. 

 

	16.2	 Jurisdiction 

The English courts have exclusive jurisdiction to settle any dispute arising out of or in connection with this Lease and the
parties submit to the exclusive jurisdiction of the English courts. 
  

	16.3	 Process Agent 

The Guarantor irrevocably appoints Expedia.com Limited as its agent in England for service of process. 

 

	16.4	 Waiver 

The parties waive any objection to the English courts on the grounds that they are an inconvenient or inappropriate forum to
settle any such dispute. 
 IN WITNESS of which this Lease has been executed as a deed and has been delivered on the date which first
appears on page 1. 

  
 42 

 SCHEDULE 1 

THE BUILDING AND THE PROPERTY 

PART 1 
 THE BUILDING

 The building known as Seven Dials Warehouse, 42/50 Earlham Street, London EC2H 9LA as the same is registered at HM Land Registry
under title number NGL422086. 
 PART 2 

THE PROPERTY 
 The
property shown edged red on the Plans being on the ground, first, second, third, fourth and fifth floors of the Building including: 
  

	(a)	 all walls (other than load-bearing walls) within the property; 

 

	(b)	 one half (severed vertically) of all walls (other than load-bearing walls) separating the property from other parts of the Building;

  

	(c)	 the plaster and surface finish of the external and load-bearing walls and columns bounding or within the property and the plaster and surface
finish of all load-bearing walls separating the property from the Retained Area but not any other part of those walls and columns; 

  

	(d)	 the floor finishes but nothing below them; 

  

	(e)	 the ceiling finishes (including suspended ceilings and lighting) but nothing above them; 

 

	(f)	 the doors and their frames and the windows and their frames; 

 

	(g)	 all fixtures and all landlord’s fittings; 

  

	(h)	 all Conduits serving solely the property; 

  

	(i)	 the lifts and staircases within the property; and 

  

	(j)	 all plant solely serving the property whether forming Landlord’s plant or Tenant’s plant and whether within the property or on the roof
of the Building 

 but excluding the external and load-bearing walls and columns bounding or within the property and all
walls separating the property from the Retained Area (other than the parts of those walls and columns referred to in paragraph (c) above). 

  
 43 

 SCHEDULE 2 

RIGHTS GRANTED TO THE TENANT 
  

	1.	 The right at all times to use the Common Parts for all proper purposes connected with the use and enjoyment of the Property under this Lease
(subject to temporary interruption for repair and maintenance the Landlord acting with all due expediency). 

  

	2.	 The right to use the Conduits in the Building which serve the Property (subject to temporary interruption for repair, alteration or replacement the
Landlord acting with all due expediency). 

  

	3.	 The right of support and protection from the other parts of the Building as now enjoyed by the Property. 

 

	4.	 The right to display in an appropriate manner immediately outside the main entrance of the Property a notice indicating the name and business of
the Tenant and of all authorised undertenants and companies sharing occupation under clause 8.12 in a form and manner approved by the Landlord such approval not to be unreasonably withheld or delayed. 

 

	5.	 Subject to obtaining any necessary statutory consents and subject to the Landlord’s approval which will not be unreasonably withheld or
delayed the right to install one satellite dish on the roof of the Building. 

  

	6.	 Subject to obtaining any necessary statutory consent and subject to the Landlord’s approval which will not be unreasonably withheld or delayed
the right to install plant on the roof of the Building within the areas shaded yellow on drawing number A633GA100 REV1 and 1392/SK/702131 attached together with the right to connect the plant into the conducting media in the Building provided that
the Tenant minimises the space it utilises and in any event reserves within such area sufficient space for the Landlord to install, access and maintain a 20kw VRF/VRV condenser unit and anything associated with it, to serve other parts of the
Building. 

  

	7.	 The right to use the refuse storage area provided by the Landlord. 

 

	8.	 Subject to the Landlord’s approval which will not be unreasonably withheld or delayed the right to install any reasonable security apparatus
in the Building. 

  

	9.	 Subject to obtaining any necessary consents and subject to the Landlord’s consent which will not be unreasonably withheld or delayed the right
to name the Property but, for the avoidance of doubt, not the Building of which the Property forms part. 

  

	10.	 To enter into such parts of the Building as is reasonably necessary at reasonable times for the purpose of inspecting, connecting into or carrying
out repairs to Conduits forming part of or serving the Property subject to the Tenant: 

  

	(a)	 giving to the Landlord and any relevant occupier reasonable prior notice; and 

 

	(b)	 making good all physical damage caused as a consequence of the exercise of such rights to the reasonable satisfaction of the Landlord and the
relevant occupier. 

  

	11.	 The right to use the staircase marked Stair 2 on the Plans for escape from the Property in the case of fire or other emergency only.

  
 44 

	12.	 Insofar as it does not form part of the Property the right to use the staircase marked Stair 3 on the Plans. 

 

	13.	 Subject to obtaining any necessary statutory consents and subject to the Landlord’s approval which will not be unreasonably withheld or
delayed the right to construct a plant deck on the roof of the Building within the area shaded green on drawing number 1392/SK/702131 attached for the installation of additional roof chillers for the Tenant together with the right to connect the
chillers into the conducting media in the Building subject to the Tenant affording the Landlord reasonable access at all times in order to maintain the toilet extract duct and fan and any other Landlord’s plant situated below such plant deck.

  
 45 

 SCHEDULE 3 

RIGHTS RESERVED TO THE LANDLORD 
  

	1.	 The right to use the Conduits in the Property which serve other parts of the Building, the right to install new Conduits for the benefit of the
remainder of the Building and the right to repair, maintain and renew existing and new Conduits (including for the avoidance of doubt the chiller, kitchen extract and fresh air riser provided by the Landlord for the benefit of the tenant or occupier
of the basement and ground floor of the building). 

  

	2.	 The right to enter the Property to exercise any of the rights referred to in this schedule or for the purposes set out in clause 6.7 or to
comply with any enactment all such rights and right of entry to be subject to the provisions and exemption to clause 6.7. 

  

	3.	 The right in an emergency to pass through the Property in accordance with any regulation or requirement of the Fire Officer or any court or other
authority. 

  

	4.	 The right to build, re-build or carry out any works of any description on any other land or buildings (including other parts of the Building)
provided it does not materially or substantially interfere with the passage of light or air to the Property or cause substantial or material nuisance, damage, annoyance or inconvenience to the Tenant or occupiers of the Property by noise, dust,
vibration or otherwise and provided that it does not materially affect the ability of the Tenant or the occupier to use the Property for any purpose permitted by this Lease. 

 

	5.	 The right to build, alter and install and afterwards to maintain buildings, structures and fixtures on, into or projecting over or under or taking
support from the Property (but those buildings, structures and fixtures will not become part of the Property) provided the work is carried out at times and in a way convenient to the reasonable requirements of the Tenant. 

 

	6.	 The right to erect and use scaffolding outside the Property even if the scaffolding temporarily restricts access to or the use and enjoyment of the
Property by the Tenant or the occupier of the Property but provided this does not materially obstruct or interfere with such use and enjoyment. 

  

	7.	 All rights of light or air or other easements or rights over or belonging to any other land or buildings (including other parts of the Building).

  

	8.	 The support and protection from the Property enjoyed by other parts of the Building. 

 

	9.	 The right to use the staircase marked Stair 1 on the Plans at all times without prior notice and the right of access over the Property on
reasonable prior notice of at least 24 hours (save in the case of emergency) to gain access to any parts of the Building not included within the Property. 

  
 46 

 SCHEDULE 4 

MATTERS AFFECTING THE FREEHOLD 
  

	1.	 The matters referred to in the registers of title number NGL422086. 

 

	2.	 The Section 106 Agreement. 

  
 47 

 SCHEDULE 5 

GUARANTEE PROVISION 
  

	1.	 The Guarantor guarantees to the Landlord the due and punctual payment and performance by the Tenant of all the tenant’s obligations and
liabilities under this Lease and indemnifies the Landlord against all losses, damages, costs and expenses arising or incurred by the Landlord as a result of the non-payment or non-performance of those obligations or liabilities.

  

	2.	 The obligations of the Guarantor under this Lease: 

  

	 	(a)	 constitute a direct, primary and unconditional liability to pay on demand to the Landlord any sum which the Tenant is liable to pay under this
Lease and to perform on demand by the Landlord any obligation of the Tenant under this Lease without the need for any recourse on the part of the Landlord against the Tenant; 

 

	 	(b)	 will not be affected by: 

  

	 	(i)	 any time or indulgence granted to the Tenant by the Landlord; 

 

	 	(ii)	 any legal limitation, disability or other circumstances relating to the Tenant or any irregularity, unenforceability or invalidity of any
obligations of the Tenant under this Lease; 

  

	 	(iii)	 any licence or consent granted to the Tenant or any variation in the terms of this Lease save as provided in section 18 of the LTC Act
1995; 

  

	 	(iv)	 the release of one or more of the parties defined as the Guarantor (if more than one); or 

 

	 	(v)	 any other act, omission, matter, event or thing whereby (but for this provision) the Guarantor would be exonerated in whole or in part from the
guarantee other than a release by deed given by the Landlord. 

  

	3.	 So long as this guarantee remains in force the Guarantor: 

 

	 	(a)	 must not claim or prove as creditor in competition with the Landlord in the event of any bankruptcy, liquidation, rehabilitation, moratorium or
other insolvency proceedings relating to the Tenant; 

  

	 	(b)	 is not entitled to claim or participate in any security held by the Landlord in respect of the obligations of the Tenant under this Lease;

  

	 	(c)	 must not exercise any right of set-off against the Tenant. 

 

	4.	 If the Landlord brings proceedings against the Tenant, the Guarantor will be bound by any findings of fact, interim or final award or interlocutory
or final judgment made by an arbitrator or the court in those proceedings. 

  

	5.	 If: 

  

	 	(a)	 the Tenant (being a company) enters into liquidation and the liquidator disclaims this Lease; or 

  
 48 

	 	(b)	 the Tenant (being a company) is dissolved and the Crown disclaims this Lease; or 

 

	 	(c)	 the Tenant (being an individual) becomes bankrupt and the trustee in bankruptcy disclaims this Lease; 

then within six months after the disclaimer the Landlord may require the Guarantor by notice to accept a lease of the Property
for a term equivalent to the residue which would have remained of the Term if there had been no disclaimer at the same rents and subject to the same covenants and conditions (including those as to the review of rent) as are reserved by and contained
in this Lease. 
  

	6.	 The new lease and the rights and liabilities under it will take effect as from the date of the disclaimer and the Guarantor will be liable for all
payments due under the new lease as from the date of disclaimer as if the new lease had been granted on the date of disclaimer. 

  

	7.	 The Guarantor or his personal representatives must pay the Landlord’s reasonable and proper costs of and accept the new lease and must execute
and deliver to the Landlord a counterpart of it. 

  

	8.	 If the Landlord does not require the Guarantor to take a Lease of the Property, the Guarantor must pay to the Landlord on demand a sum equal to the
rent that would have been payable under this Lease but for the disclaimer in respect of the period from the date of the disclaimer until the date which is six months after the date of the disclaimer or the date on which the Property has been re-let
by the Landlord, whichever first occurs. 

  

	9.	 If any VAT is payable by the Tenant to the Landlord under the terms of the Lease, the Guarantor’s obligation extends to that VAT. If the
Guarantor makes any payment in respect of VAT, the Landlord’s obligation to issue a VAT invoice to the Tenant under the Lease in respect of that VAT is not affected, and the Landlord is not obliged to issue a VAT invoice to the Guarantor in
respect of that VAT. 

  

	10.	 If the guarantee in this schedule is intended to be authorised guarantee agreement to the extent that any provision of this guarantee does not
conform with section 16 of the LTC Act 1995, that provision is severed from the remainder of this guarantee and this guarantee has effect as if it excluded that provision. 

  
 49 

 SCHEDULE 6 

SERVICE CHARGE COSTS 
  

	1.	 The cost of inspecting, repairing, maintaining, cleaning, decorating and lighting the whole of the Retained Area including the boundary walls and
fences of the Building. 

  

	2.	 The cost of maintaining in good working order and repair and renewing and replacing (where beyond economic repair) all plant serving the Building
(including generators, boilers, systems for ventilation, heating and air conditioning and lifts) and all Conduits in or serving the Building excluding plant and Conduits the maintenance of which is the exclusive responsibility of the Tenant or of
some other tenant in the Building or would be the exclusive responsibility of a tenant if the whole of the Lettable Areas were let on similar terms to those in this Lease. 

 

	3.	 The cost of providing ventilation, heating, air conditioning and water heating to the Building but not the cost of installing the original plant.

  

	4.	 The cost of providing the services referred to in clauses 7.3 and 7.4 to the extent not included elsewhere in this schedule. 

 

	5.	 The cost of the erection and maintenance of directional or other signs or notice boards relating to the Building or its occupiers.

  

	6.	 The cost of the making and enforcement of regulations for the benefit or better ordering of the Building. 

 

	7.	 The cost of the supply and maintenance of fire prevention and fire fighting equipment in the Retained Area and fire alarm equipment in the
Building. 

  

	8.	 The cost of marking out the service areas, loading bays and all other relevant parts of the Retained Area. 

 

	9.	 The cost of refuse disposal. 

  

	10.	 The cost of all fuel for the functions referred to in the other paragraphs of this schedule. 

 

	11.	 The cost of employing staff to undertake the Landlord’s obligations under this Lease and the other functions referred to in this schedule
including insurance, pension and welfare contributions, the provision of uniforms and working clothes and the provision of equipment for the proper performance of their duties. 

 

	12.	 All Outgoings (as defined in clause 6.3) assessed, charged or imposed on the Building as a whole. 

 

	13.	 Any amount which the Landlord may be called upon to pay as a contribution towards the expense of making, repairing, maintaining, cleaning or
lighting anything used by the Building and any nearby property. 

  

	14.	 The cost of complying with, making representations against or contesting the incidence of any enactment relating or alleged to relate to the
Building as a whole or the Retained Area. 

  
 50 

	15.	 All professional fees reasonably and properly incurred by the Landlord in connection with the administration and the general management of the
Building including (without limitation) fees payable in connection with the service charge account. 

  

	16.	 The reasonable and proper fees of the Landlord or any company associated with the Landlord where the Landlord or that company, rather than a third
party, undertakes any obligation under this Lease or other function referred to in this Schedule. 

  

	17.	 The interest and fees on borrowing any money to finance any of the functions referred to in this Schedule. 

 

	18.	 Any other sum reasonably and properly incurred by the Landlord in connection with the Building including, without limitation, the cost of providing
any other service which the Landlord reasonably considers necessary for the purpose of good management of the Building. 

  
 51 

 SIGNATORIES 
  

					
	 SIGNED as a deed by
		 )
		  
 /s/ Colin James
Malcolm                

	     COLIN JAMES MALCOLM 
		 )
	
	 as attorney for THE ROYAL BANK OF
		 )
		 COLIN JAMES MALCOLM

	 SCOTLAND PLC as trustee of Schroder
		 )
		
	 Exempt Property Unit Trust in the presence of:
		 )
		

 Witness’s 
 Signature: /s/
Nicola Deadman 
 Name: NICOLA DEADMAN 
  

			
	Address:		 

  
 52 

  
 

 

			
			  
 Contract

 
 For sale and purchase of a leasehold property at 7Dials

Warehouse, 42-50 Earlham Street, London, WC2
  

(1)      Facebook UK Ltd

 

(2)      Midasplayer.com Limited

 
  

Dated 9 July 2014
  

Osborne Clarke
  

One London Wall
 London

EC2Y 5EB
  

Telephone         020 7105 7004

 NR 

 Contents 
  

							
	 1.
		Definitions and interpretation		 	1	  
	 2.
		Standard Conditions		 	2	  
	 3.
		General Provisions		 	2	  
	 4.
		Sale and Purchase and Completion		 	3	  
	 5.
		Payments		 	3	  
	 6.
		Title		 	3	  
	 7.
		Adverse Matters		 	4	  
	 8.
		Transfer		 	4	  
	 9.
		State and Condition		 	4	  
	 10.
		Risk and insurance		 	4	  
	 11.
		Apportionment of rent under the Lease		 	4	  
	 12.
		Construction documents		 	5	  
	 13.
		Exclusion of third party rights		 	5	  
	 14.
		Governing law and jurisdiction		 	5	  
	 15.
		Confidentiality		 	5	  
	 Schedule 1
		 	7	  
	 Variations to Standard Conditions
		 	7	  
	 Schedule 2
		 	8	  
	 The Lease
		 	8	  
	 Part 1
		 	8	  
	 (The Leases)
		 	8	  
	 Part 2
		 	8	  
	 (Ancillary Leasehold Documents)
		 	8	  
	 Schedule 3
		 	10	  
	 Consent of the Sellers’s Landlord and the Superior Landlord
		 	10	  
	 Schedule 4
		 	12	  
	 List of existing warranties to be assigned to the Buyer
		 	12	  
	 Schedule 5
		 	13	  
	 Missing Deeds and Documents
		 	13	  
	 Schedule 6
		 	14	  
	 Form of deed of assignment referred to in clause 12.1
		 	14	  
	 Schedule 7
		 	16	  
	 Form of statutory declaration referred to in clause 6.5
		 	16	  
	 Schedule 8
		 	17	  
	 List of Included Items
		 	17	  

 This Contract is made on 9 July 2014 

Between: 
  

	(1)	 Facebook UK Ltd (company number: 06331310) whose registered office is at 21 St Thomas Street, Bristol, BS1 6JS (the
“Seller”); and 

  

	(2)	 Midasplayer.com Limited (company number: 4534247) whose registered office is at 10th Floor Central Saint Giles, 1 St. Giles High Street,
London, WC2H 8AG (the “Buyer”). 

 It is agreed as follows: 

 

	1.	 Definitions and interpretation 

  

	1.1	 In this contract, the following expressions have the following meanings (but the definition of any expression in this contract is subject to any
contrary requirement of the context): 

 “1994 Act” means the Law of Property
(Miscellaneous Provisions) Act 1994. 
 “Actual Completion” means the date on which completion of the sale
actually takes place. 
 “Ancillary Leasehold Documents” means the documents ancillary to the Lease details
of which are set out in part 2 of schedule 2. 
 “Authorised Guarantee Agreement” has the meaning given to
it in section 28|(1) of the Landlord and Tenant (Covenants) Act 1995. 
 “Buyer’s Solicitors” means
Fox Williams LLP of Ten Dominion Street, London EC2M 2EE (reference: RHW/M1095/6). 
 “Consent” means the
written consent of the Seller’s Landlord and Superior Landlord to the assignment of the Lease to the Buyer in such form as is required under the terms of the Lease. 

“Contractual Completion Date” means 1 July 2014 (subject to the provisions of schedule 3). 

“Holding Company” means a holding company as defined in the Companies Act 2006. 

“Included Items” means the items in and on the Property belonging to the Seller and listed in the list of
included items referred to in Schedule 8. 
 “Lease” means the two leases of the Property details of which
are set out in part 1 of schedule 2. 
 “Plan” means the plan annexed to this contract. 

  
 1 

 “Property” means the leasehold property known as Ground and
Mezzanine Floor, Reception, 3rd, 4th and 5th Floors, 7Dials Warehouse, 42-50 Earlham Street, London WC2 as more particularly described in the Lease and comprised in the Registered Title. 

“Registered Title” means the titles numbered NGL905572 and NGL897100 at the Land Registry, with the
registered proprietor being the Seller’s Landlord. 
 “Seller’s Landlord” means the person from
time to time entitled to the immediate reversion to the Lease. 
 “Seller’s Solicitors” means Osborne
Clarke of One London Wall, London EC2Y 5EB (reference: HB/1011467). 
 “Standard Conditions” means the
Standard Commercial Property Conditions (Second Edition) and “Standard Condition” shall be construed accordingly. 

“Superior Landlord” means the landlord of the Seller’s Landlord. 

“Title Matters” means all matters specified shown or referred to in any entry plan or documents within the
Registered Title. 
 “VAT” means value added tax as provided under the VATA. 

“VATA” means Value Added Tax Act 1994 and reference to the VATA shall include all statutes, laws,
regulations, notices, directions or similar provisions, relating to value added tax and any value added, turnover, sales, purchase or similar tax of the United Kingdom or of any other jurisdiction and references to value added tax or to VAT shall be
construed accordingly. 
 “Working Day” means any day (other than a Saturday or Sunday) on which clearing
banks in England are open to the public for the transaction of business. 
  

	2.	 Standard Conditions 

This contract incorporates the conditions in Part 1 of the Standard Conditions as varied by schedule 1 and so far as they are
not varied by or inconsistent with the other provisions of this contract (which will prevail in case of conflict). 
  

	3.	 General Provisions 

  

	3.1	 In this contract unless the context otherwise requires references to clauses and schedules are to clauses of and schedules to this contract but the
headings to clauses of and to schedules to this contract do not affect its construction. 

  

	3.2	 This contract contains the whole agreement between the parties relating to the sale and purchase contemplated by this contract and supersedes
previous agreements (if any) between them relating to it. 

  

	3.3	 This contract may only be varied in writing signed by or on behalf of the parties. 

  
 2 

	3.4	 The Buyer acknowledges that it has not entered into this contract in reliance upon representations made by or on behalf of the Seller other than in
respect of such reliance as may be placed upon the Seller’s Solicitors’ written replies (which for the avoidance of doubt shall include replies by email) to the Buyer’s Solicitors’ written enquiries but nothing in this clause
shall operate to limit or exclude any liability for fraud. 

  

	4.	 Sale and Purchase and Completion 

  

	4.1	 In consideration of the obligations on each party contained in this contract and subject to the provisions of schedule 4 the Seller will assign and
the Buyer will take the Property and the Included Items on the Contractual Completion Date. 

  

	4.2	 The Property is sold with vacant possession on Actual Completion subject to the Included Items, which will remain in the Property after Actual
Completion. 

  

	5.	 Payments 

  

	5.1	 All money payable by the Buyer under this contract will be paid by direct credit transfer for the credit of the Seller’s Solicitors’
clients’ account or for the credit of any other bank account specified in writing by the Seller’s Solicitors. 

  

	5.2	 Any money payable by the Buyer under this contract which is not paid at the time stipulated will bear interest at the contract rate and the Seller
and the Seller’s Solicitors are not obliged to accept any payment under this contract unless it is remitted by or drawn on a bank account held by the Buyer’s Solicitors. 

 

	6.	 Title 

  

	6.1	 The Buyer accepts the title deduced to it prior to the date of this contract and will not raise any requisition on it (other than on any matter
registered at the Land Registry after the date and time of the official copy of the entries provided by the Seller dated 4 April 2014 and timed 16:03:43 in the case of title number NGL905572 and 16:05:43 in the case of title number NGL897100)

  

	6.2	 The Buyer’s Solicitors having been supplied with copies of the Title Matters prior to the exchange of this contract the Buyer will be deemed
to purchase with full knowledge of the terms and contents of them and of any matter referred to in or deriving from them and will not raise any requisition on them save in the case of anything arising from the usual pre- completion searches.

  

	6.3	 The Seller will transfer the Property with full title guarantee but the covenant set out in section 2(1)(b) of the 1994 Act shall not extend to the
Seller insofar as the covenant makes the Seller liable for any of the costs referred to in such covenant and the Buyer shall be liable for such costs instead. 

 

	6.4	 The Seller shall not be liable under any of the covenants set out in Section 3 or 4 of the 1994 Act for the consequences of any breach of the
terms of the Lease. 

  

	6.5	 The Seller does not have in its possession the original of the deeds referred to in schedule 5 and the Buyer will not raise any requisition or
claim in relation to such deed and the inability of the Seller to supply the original on completion. However, the Seller confirms 

  
 3 

	 	 that on Actual Completion it shall provide a statutory declaration in respect of the missing deeds to the Buyer in the form attached at Schedule 7.

  

	7.	 Adverse Matters 

The Property is sold subject to: 
  

	7.1	 all matters contained or referred to in the Title Matters the Lease and the Ancillary Leasehold Documents; and 

 

	7.2	 the encumbrances referred to in Standard Condition 3.1.2 as varied by this contract. 

 

	8.	 Transfer 

  

	8.1	 The transfer to the Buyer will be in the form of the draft transfer annexed to this contract. 

 

	8.2	 The Buyer and the Seller will execute the transfer in duplicate and the Buyer will procure that the duplicate is delivered to the Seller’s
Solicitors on Actual Completion. 

  

	9.	 State and Condition 

  

	9.1	 The Seller gives no warranty or representation as to the state and condition of the Property and/or the Included Items and the Buyer will have no
claim against the Seller in relation to them whether under this contract or otherwise. 

  

	9.2	 The Buyer acknowledges that having had full and sufficient opportunity and access to survey and investigate the Property the Buyer has carried out
all surveys and investigations which it deemed necessary concerning the state and condition of the Property and has formed its own view as to the suitability of the Property for the Buyer’s purposes. 

 

	9.3	 The Seller and the Buyer acknowledge that the sale and purchase of the Property is an open market arms length transaction. 

 

	10.	 Risk and insurance 

  

	10.1	 With effect from exchange of this contract the Property is at the Buyer’s risk and the Seller is under no obligation to the Buyer to insure
the Property but it will use its reasonable endeavours to ensure that the Seller’s Landlord will comply with its obligations in respect of procuring the insurance of the Property under the terms of the Lease up to and including the date of
Actual Completion. 

  

	10.2	 No damage to or destruction of the Property nor any deterioration in its condition, however caused, will entitle the Buyer to refuse to complete or
to delay completion. 

  

	11.	 Apportionment of rent under the Lease 

  

	11.1	 Under the Lease: 

  

	 	(a)	 In this clause “Rent” means the rent reserved by the Lease and includes service charge and insurance rent but excludes VAT.

  
 4 

	 	(b)	 Rent will be apportioned at Actual Completion so that the Buyer will pay or allow to the Seller the amount calculated in accordance with the
formula set out in clause 11.2. 

  

	11.2	 The formula is: 

A x B 

 365 

Where: 
  

	 	A	 is the Rent; and 

  

	 	B	 is the number of days from but including the day of Actual Completion to but excluding the first date after day of Actual Completion upon which an
instalment of Rent is due or (where such first date is the day after the day of completion) zero 

  

	11.3	 If any VAT charged on the rent due under the Lease is irrecoverable by the Seller by way of repayment or credit, such irrecoverable VAT will be
apportioned in the same way as the Rent. 

  

	12.	 Construction documents 

  

	12.1	 The Seller will on Actual Completion assign to the Buyer the benefit of such of the existing warranties issued or assigned to the Seller and listed
in schedule 4 as are lawfully assignable (such assignment to be in the form of the draft set out schedule 6). 

  

	12.2	 Where the consent of any third party is required for any such assignment the Seller will use reasonable endeavours to obtain it and the Buyer will
supply such information and take such action and execute promptly such documents as may be appropriate to obtain it. 

  

	13.	 Exclusion of third party rights 

No express term in this contract or any term implied under it is enforceable pursuant to the Contracts (Rights of Third
Parties) Act 1999 by any person who is not a party to it. 
  

	14.	 Governing law and jurisdiction 

  

	14.1	 This contract and any dispute, claim or obligation (whether contractual or non-contractual) arising out of or in connection with it, its subject
matter or formation shall be governed by English law. 

  

	14.2	 The parties irrevocably agree that the English courts shall have exclusive jurisdiction to settle any dispute or claim (whether contractual or
non-contractual) arising out of or in connection with this contract, its subject matter or formation. 

  

	15.	 Confidentiality 

Except to the extent required by law (including any requirements of the Stock Exchange or any other regulatory requirements)
and save where necessary to implement this contract neither party to this contract will at any time without the written consent of the 

  
 5 

 other party (both as to the announcement or communication and as to its form)
make any press or other public announcement or divulge or communicate to any person any of the terms of this contract and the parties will take all reasonable steps to bind their respective servants agents and advisers in this respect. 

This Contract has been signed on the date appearing at the head of page 1. 

  
 6 

 

 
  

 Schedule 1 

Variations to Standard Conditions 
  

	1.	 Standard Conditions 1.3.3, 1.3.7(d), 1.3.7(e), 1.4.1, 2.2, 3.1.3, 3.3, 6.1, 6.2, 6.3, 6.4.2, 6.6.2, 6.6.5, 7.1.2, 7.1.3, 7.1.4(b) and 10.3 do not
apply. 

  

	2.	 In Standard Condition 1.3.2 after the words “party’s conveyancer” insert the words “quoting any reference specified in this
contract”. 

  

	3.	 In Standard Condition 1.3.5(b) substitute “5.00pm” for “4.00pm” and insert the words “before 5.00pm” before the words
“on the next working day”. 

  

	4.	 Throughout Standard Condition 1.3.7 substitute “5.00pm” for “4.00pm”. 

 

	5.	 After Standard Condition 3.1.2(e) add: 

  

	 	“(f)	 unregistered interests which override first registration as defined in Schedule 1 of the Land Registration Act 2002 (the “2002 Act”), any
interests which fall within Section 11(4)(c) of the 2002 Act, such unregistered interests as may affect the property to the extent and for so long as they are preserved by the transitional provisions of Schedule 12 of the 2002 Act and PPP
leases as defined in Section 90 of the 2002 Act; and 

  

	 	(g)	 any rights of way, drainage watercourses, light and other easements or quasi easements and rights of adjoining owners affecting the property and
all liability to repair or covenants to repair roads, pavements, paths, ways, passages, sewers, drains, gutters, fences and other like matters, without obligation on the Seller to provide evidence of the creation of, or to define or apportion the
liability; 

  

	 	(h)	 all rates, charges and other outgoings which affect or are charged on the property.” 

 

	6.	 After Standard Condition 8.8.2 add: 

“8.8.3 If the Seller serves a notice to complete the Buyer will forthwith pay the seller’s solicitors’ costs
for preparing and serving the notice in the sum of £200.00.” 
  

	7.	 In Standard Condition 9.1.1 delete the words “or in the negotiations leading to it” and the words “or was”.

  

	8.	 In Standard Condition 9.3.2 add the word “alone” after the word “seller”. 

  
 7 

 

 
  

 Schedule 2 

The Lease 
 Part 1

 (The Leases) 
  

							
	  

Date
  
		  

Document
  
		  		  

Parties
  

	 	 	 	 
	 11 November 2011
		 Underlease relating to Ground and Mezzanine Floors

 
		 		
(1)    Expedia.com Limited and (2) Facebook UK Ltd

	 	 	 	 
	 3 January 2012
		 Underlease relating to Reception and Floors 3, 4 and 5

 
		 		
(1)    Expedia.com Limited and (2) Facebook UK Ltd

 Part 2 

(Ancillary Leasehold Documents) 
  

									
	  
 Date

 
		  

Document
  
		  		  		  

Parties
  

	 	 	 	 	 
	 1 July 2011
		 Statutory Declaration regarding Facebook UK Ltd relating to Ground and Mezzanine
Floors
  
		 		 		 Anthony John Green

	 	 	 	 	 
	 1 July 2011
		 Statutory Declaration regarding Facebook UK Ltd relating to the Reception and Floors
3, 4 and 5
  
		 		 		 Anthony John Green

	 	 	 	 	 
	 6 July 2011
		 Licence to Underlet relating to the Ground and Mezzanine Floors
		 		 		
(1)    Seven Dials S.A.R.L.

(2)    Expedia.com Limited

(3)    Facebook UK Ltd.

(4)    Expedia, Inc

 

	 	 	 	 	 
	 6 July 2011
		 Licence to Underlet relating to the Reception and Floors 3, 4 and 5
		 		 		
(1)    Seven Dials S.A.R.L.

(2)    Expedia.com Limited

(3)    Facebook UK Ltd.

(4)    Expedia, Inc

 

  
 8 

									
	  
 Date

 
		  

Document
  
		  		  		  

Parties
  

	 	 	 	 	 
	 6 July 2011
		 Agreement for Lease relating to the Ground and Mezzanine Floors

 
		 		 		
(1)    Expedia.com Limited

(2)    Facebook UK Ltd.

	 	 	 	 	 
	 6 July 2011
		 Agreement for Lease relating to the Reception and Floors 3, 4 and 5

 
		 		 		
(1)    Expedia.com Limited

(2)    Facebook UK Ltd.

	 	 	 	 	 
	 16 November 2011
		 Licence for Alterations relating to Ground and Mezzanine Floors
		 		 		
(1)    Seven Dials S.A.R.L.

(2)    Expedia.com Limited

(3)    Facebook UK Limited

(4)    Expedia, Inc

 

	 	 	 	 	 
	 3 January 2012
		 Licence for Alterations relating to Ground Floor Mezzanine, Reception and Floors 3, 4 and 5
		 		 		
(1)    Seven Dials S.A.R.L.

(2)    Expedia.com Limited

(3)    Facebook UK Ltd

(4)    Expedia, Inc

 

	 	 	 	 	 
	 5 October 2012
		 Licence for Alterations
		 		 		
(1)    Seven Dials S.A.R.L.

(2)    Expedia.com Limited

(3)    Facebook UK Ltd

(4)    Expedia, Inc

 

  
 9 

 

 
  

 Schedule 3 

Consent of the Sellers’s Landlord and the Superior Landlord 

 

	1.	 The parties’ obligations 

  

	1.1	 Subject to the Buyer complying with its obligations in paragraphs 1.2 and 1.3, the Seller is to: 

 

	 	(a)	 apply to the Seller’s Landlord and to the Superior Landlord for Consent and use reasonable endeavours to obtain it; and 

 

	 	(b)	 enter into an Authorised Guarantee Agreement with the Seller’s Landlord if the Lease so requires or if the Seller’s Landlord lawfully
imposes a requirement that an Authorised Guarantee Agreement is given as a condition of the Consent. 

  

	1.2	 Where the Seller’s Landlord and/or Superior Landlord lawfully requires, the Buyer is to: 

 

	 	(a)	 promptly provide all information and references requested by the Seller’s Landlord and/or Superior Landlord (as applicable) in accordance with
the terms of the Lease. 

  

	 	(b)	 promptly respond to all correspondence and approve all draft documentation relating to the application for Consent; 

 

	 	(c)	 covenant directly with the Seller’s Landlord to pay the rents reserved by and comply with the tenant’s obligations and conditions in the
Lease; 

  

	1.3	 The Buyer and the Seller are to properly execute any licence containing the Consent and any terms relating to the Consent as soon as reasonably
practicable after receipt by it of the engrossed licence. 

  

	1.4	 The Buyer is to properly execute a rent deposit deed with the Seller’s Landlord as soon as reasonably practicable after receipt by it of the
engrossed deed. 

  

	1.5	 No party to the Contract may object to a Consent subject to a condition which is lawfully imposed. 

 

	1.6	 The Seller is under no obligation to apply to court for the declaration mentioned in that paragraph. 

 

	2.	 Completion date 

If the Consent has not been obtained by the Completion Date: 

 

	2.1	 the date of completion is to be postponed until 5 working days after the Seller gives written notice to the Buyer that the Consent has been
obtained; and 

  
 10 

	2.2	 the postponed date (or any earlier date agreed between the parties) is to be treated as the Completion Date. 

 

	3.	 Termination 

  

	3.1	 If the Consent has not been obtained 4 months after the date of the Contract, either the Buyer or the Seller may end the Contract by notice in
writing to the other so long as, at the time the notice is given: 

  

	 	(a)	 the Consent has still not been obtained; 

  

	 	(b)	 no declaration has been obtained from the court that the Consent has been unreasonably withheld or delayed; and 

 

	 	(c)	 the party serving the notice is not in breach of the terms of the Contract. 

 

	3.2	 The Buyer will not be entitled to serve any notice under paragraph 3.1 at any time after an application has been made to court for a declaration
that the Consent has been unreasonably delayed, and the court has not yet made any decision on such application. 

  

	3.3	 On the service of a lawful notice under paragraph 3.1 Standard Condition 9.2(b) will apply. 

 

	4.	 Seller’s Landlord’s costs 

The Seller is to pay the proper and reasonable surveyor’s and legal costs and expenses of the Seller’s Landlord and
the Superior Landlord incurred in relation to the Consent together with any VAT on those costs and expenses which the Seller’s Landlord is unable to recover, whether or not the Consent is granted or the assignment of the Lease is completed.

  

	5.	 Several leases 

  

	5.1	 The provisions of this schedule are to apply to each Lease under which a Consent is required. 

 

	5.2	 References to the Seller’s Landlord are to the Seller’s Landlord of each Lease. 

 

	5.3	 Paragraph 2 is to apply if any Consent required has not been obtained by the Completion Date (notwithstanding that some Consents may have been
obtained) and in paragraph 3.1(a) references to the Consent are to be treated as references to the final Consent required. 

  

	5.4	 Paragraph 3 is to apply if any Consent required has not been obtained by the relevant date. 

  
 11 

 

 
  

 Schedule 4 

List of existing warranties to be assigned to the Buyer 
  

									
	 	 	 	 	 
	 Date

 
		 Document

 
		  		  		 Parties

 

	 	 	 		 
	 4 October 2012
		 Deed of Collateral Warranty for Mechanical and Electrical Engineer
		 		 (1)

 
 (2)
		 Meinhardt (UK) Limited

 
 Facebook UK Ltd

 

	 	 	 		 
	 4 October 2012
		 Deed of Warranty from Project Manager and Employer’s Agent
		 		 (1)

 
 (2)
		 Facebook UK Ltd

 
 Cushman & Wakefield LLP

 

	 	 	 		 
	 4 October 2012
		 Deed of Collateral Warranty for Acoustic Consultant
		 		 (1)

 
 (2)
		 Hann Tucker Associates
Limited
  
 Facebook UK Ltd

 

	 	 	 		 
	 4 October 2012
		 Deed of Collateral Warranty
		 		 (1)

 
 (2)
		 Paragon Management UK
Limited
  
 Facebook UK Ltd

 

  
 12 

 

 
  

 Schedule 5 

Missing Deeds and Documents 
  

									
	 	 	 	 	 
	 Date

 
		 Document
  
		  		  		 Parties

 

	 	 		 	 
	 6 July 2011
		 Licence to Underlet relating to the Ground and Mezzanine Floors
		 		 		
(1)    Seven Dials S.A.R.L.

(2)    Expedia.com Limited

(3)    Facebook UK Ltd.

(4)    Expedia, Inc

 

	 	 		 	 
	 6 July 2011
		 Licence to Underlet relating to the Reception and Floors 3, 4 and 5
		 		 		
(1)    Seven Dials S.A.R.L.

(2)    Expedia.com Limited

(3)    Facebook UK Ltd.

(4)    Expedia, Inc

 

	 	 		 	 
	 11 November 2011
		 Underlease relating to Ground and Mezzanine Floors
		 		 		 Expedia.com Limited and (2)
Facebook UK Ltd
  

	 	 		 	 
	 16 November 2011
		 Licence for Alterations relating to Ground and Mezzanine Floors
		 		 		
(1)    Seven Dials S.A.R.L.

(2)    Expedia.com Limited

(3)    Facebook UK Limited

(4)    Expedia, Inc

 

	 	 		 	 
	 3 January 2012
		 Underlease relating to Reception and Floors 3, 4 and 5
		 		 		 Expedia.com Limited and (2)
Facebook UK Ltd
  

	 	 		 	 
	 3 January 2012
		 Licence for Alterations relating to Ground Floor Mezzanine, Reception and Floors 3, 4 and 5
		 		 		
(1)    Seven Dials S.A.R.L.

(2)    Expedia.com Limited

(3)    Facebook UK Ltd

(4)    Expedia, Inc

 

	 	 		 	 
	 5 October 2012
		 Licence for Alterations
		 		 		
(1)    Seven Dials S.A.R.L.

(2)    Expedia.com Limited

(3)    Facebook UK Ltd

(4)    Expedia, Inc

 

  
 13 

 

 
  

 Schedule 6 

Form of deed of assignment referred to in clause 12.1 
  

					
	 This Deed of Assignment is made on
		
— 20——
		

 Between: 
  

	(1)	 — (the “Seller”) and 

 

	(2)	 — (the “Buyer”) 

Background: 
 The Seller has contracted
to sell its leasehold interest in the property known as 7Dials Warehouse, 42-50 Earlham Street, London WC2 to the Buyer and to assign to the Buyer all the Seller’s rights and interests under several warranties relating to such property. 

It is agreed as follows: 
  

	1.	 Definitions 

In this deed unless the context otherwise requires the following definitions shall apply: 

“Warranties” means: 

1. 

2. 

3. 
  

	2.	 Assignment 

The Seller assigns with immediate effect to the Buyer the full benefit of all its interests and rights under the Warranties
together with all rights of the Seller to sue or take action in respect of any breach of the obligations contained in them. 
  

	3.	 Contracts (Rights of Third Parties) Act 1999 

Nothing in this deed is intended to confer on any person any right to enforce any term of this deed which that person would
not have had but for the Contracts (Rights of Third Parties) Act 1999. 

  
 14 

 This deed has been duly executed and delivered on the above-written date. 

[Execution clause for each party] 

  
 15 

 

 
  

 Schedule 7 

Form of statutory declaration referred to in clause 6.5 

  
 16 

 

 
  

 Schedule 8 

List of Included Items 

  
 17 

 Inventory of Items left on-site for King 

 

					
	    18.06.14      				 All items labelled with brown Harrow Green sticker and agreed between FB & King

 

	    Floor      		QTY		Item
	    All      		300 approx		 Desktop power/data modules

	    All      		All existing		 Electrak under floor

	    All      		Remaining		 Fixtures & Fittings

	    All      		Remaining		 Items in the Server Room after 30 June 2014

	    5th      		1		 Bookcase/plant holder - white

	    5th      		5		 Square side table - white

	    5th      		7		 Single desk 1600x800 - white with white legs

	    5th      		1		 Seat/plant holder - white

	    5th      		3		 Olive trees in wooden planters

	    4th      		3		 Small coffee table - white

	    4th      		1		 Medium coffee table - white

	    4th      		3		 Lamp stands & shades - green & purple

	    3rd      		All existing		 O&M Manuals & metal silver cupboard to house them

	    3rd      		2		 Small coffee table - white

	    3rd      		1		 Rectangular Meeting Table

	    3rd      		1		 Small coffee table - burgundy

	    3rd      		1		 Small rectangular desk - white

	    3rd      		1		 Round 4-legged table - white

	    Mezz      		8		 Rectangular dining tables - white

	    Mezz      		3		 Round dining tables 900mm - white

	    Mezz      		1		 Round dining table 700mm - white

	    Mezz      		1		 Small coffee table - white

	    Ground      		N/A		 All items in storage under reception (building related materials)

 Inventory of Items left on-site for King 

	

  

					
	    18.06.14      				 All items labelled with brown Harrow Green sticker and agreed between FB & King

 

	    Floor      		QTY		Item
	    All      		300 approx		 Desktop power/data modules

	    All      		All existing		 Electrak under floor

	    All      		Remaining		 Fixtures & Fittings

	    All      		Remaining		 Items in the Server Room after 30 June 2014

	    5th      		1		 Bookcase/plant holder - white

	    5th      		5		 Square side table - white

	    5th      		7		 Single desk 1600x800 - white with white legs

	    5th      		1		 Seat/plant holder - white

	    5th      		3		 Olive trees in wooden planters

	    4th      		3		 Small coffee table - white

	    4th      		1		 Medium coffee table - white

	    4th      		3		 Lamp stands & shades - green & purple

	    3rd      		All existing		 O&M Manuals & metal silver cupboard to house them

	    3rd      		2		 Small coffee table - white

	    3rd      		1		 Rectangular Meeting Table

	    3rd      		1		 Small coffee table - burgundy

	    3rd      		1		 Small rectangular desk - white

	    3rd      		1		 Round 4-legged table - white

	    Mezz      		8		 Rectangular dining tables - white

	    Mezz      		3		 Round dining tables 900mm - white

	    Mezz      		1		 Round dining table 700mm - white

	    Mezz      		1		 Small coffee table - white

	    Ground      		N/A		 All items in storage under reception (building related materials)

					
	    Ground      		N/A		 Carpet tiles

	    Ground      		N/A		 All Covered mattress foam pieces to form bed on platform - dark blue

	    Ground      		1		 Wooden table - orange edged

	    Ground      		1		 Wooden bench - orange edged

	    Ground      		1		 Round table - white

	    Ground      		1		 Armchair - green

	    Ground      		1		 armchair - red

							
	QTY  	  	PART #	  	MFG	  	DESCRIPTION
	Software House Access Control Head End
	2	  	STAR016W-64ANPS	  	SWH	  	 64 MB GCM II w/2 ACM II for up to 16 readers

	2	  	AS0073-000	  	SWH	  	 I/8 Eight Input Reader Bus Module

	4	  	AS0074-000	  	SWH	  	 R/8 Eight Output Reader Bus Module

	2	  	RM-DCM-CAN	  	SWH	  	 14X12X3.5 In. Can with Tamper for up to 4 Input or output
boards.

	2	  	Maxim75D	  	Altronix	  	 Access Power Controller- Sixteen (16) independently trigger controlled
PTC protected outputs. Output Power: 12VDC @ 10 Amp + 24VDC @ 10 Amp. AC Fail, Low Battery, Battery Presence Monitoring. Fire Alarm Disconnect. Enclosure: 26“H X 19“W X 6.25“D. Accommodates up to four (4) 12VDC/12AH
batteries.

	2	  	PD16WCB	  	Altronix	  	 PD16WCB Sub-Assembly power distribution modules converts a single DC
or AC input into sixteen (16) individually PTC protected Class 2 Rated power limited outputs.

	2	  	AL600ULXPD16-CB	  	Altronix	  	 Power Supply / Charger- 12VDC or 24VDC @ 6 Amp with sixteen (16) PTC
protected outputs. UL/CUL Listed. Fire (UL 1481) Access Control (UL 294) MEA/CSFM Approved, With grey enclosure 15.5”H x 12”W x 4.5”D, cam lock and transformer

	8	  	PS-1250	  	Powersonic	  	 Battery 12V 5AH 24V for locks

	2	  	477967	  	  Back Up Power  	  	 Battery 12V 7AH for AL600ULXPD16-CB

	2	  	KT-BATT-1212	  	Kantech	  	 Battery 12V 12AH for ACE16/SWH-1

	Commend Intercom
	1	  	ES3GBB	  	Commend	  	 3-Gang Metal Backbox (Gray)

	1	  	ES3GRH	  	Commend	  	 3-Gang Metal Rain Hood (gray)

	1	  	ES931ACW	  	Commend	  	 3 gang IP camera substation

	1	  	WS810PI	  	Commend	  	 IP plastic wallmount station with standard keypad and TFT-Display
...*Req. UPA-102 or POE

	1	  	WSDK50P	  	Commend	  	 WS desk or wallmount kit for plastic stations and expansion
modules

	1	  	WSSH50P	  	Commend	  	 WS surface-mount kit for plastic stations and expansion modules,
format full height

	Access Control Door Equipment
	20	  	RP40	  	HID	  	 HID RP40 Reader

	3	  	RP15	  	HID	  	 HID RP15 Mullion Reader

	45	  	GRI 6644	  	ADI	  	 IK resistor pack

	31	  	D7-956RPT-WH	  	Honeywell	  	 Roller door contact

	23	  	S-4	  	NexWatch	  	 Suppressor Kit For outputs providing proper protection against
electrical spikes.

	25	  	RS0040	  	TYCO	  	 SIREN/2 TONE/ INDOOR - ADEMCO SENSORS

	1	  	ELM-PA-G3-SS	  	Sentrol	  	 Hold-Up Switch

	2	  	SS2440EX	  	STI-USA	  	 Blue Pull Station

	1	  	2325A-L	  	Sentrol	  	 Overhead/Panel Door Track Mount Contact w/Armored Cable, Up to 3”
Gap Size. Closed Loop; Normally Open. 2’ Stainless Steel Armored Cable. Form A

	6	  	FG1625RT	  	Sentrol	  	 Glass Break Detector, Round, Commercial, Tampered

	Locksmith Subcontractor
	15	  	  Abloy EL-560 Lockset   Complete	  	Locksmith	  	 Electrified Mortise Lock complete with Lever Handle Set and Cylinder
Escutcheon Set

	3	  	  Abloy EL-420 Lockset   Complete	  	Locksmith	  	 Electrified & Motorised Mortise Lock complete with Lever Handle
Set and Cylinder Escutcheon Set

	3	  	  Abloy EL-420 Exit Bar   Complete	  	Locksmith	  	 Electrified & Motorised Mortise Lock complete with Mortise Panic
Latch

	21	  	Abloy Door Loop	  	Locksmith	  	 Concealled Door Loop

	25	  	Abloy MK Cylinder	  	Locksmith	  	 Abloy Master Keyed Cylinder

	1	  	Abloy Labor	  	Locksmith	  	 Labor to install Abloy Locks, Door Closers & Mag
Locks

							
	Access Control Cabling
	
6000  
	  	454932APR	  	Paige	  	COMP ACCESS CABLE VIOLET JACKET – 500 foot Plenum
	
11000  
	  	740051PR	  	Paige	  	18 / 6 STR SHIELDED CMP VIOLET 500 feet Plenum
	
2000  
	  	454694APR	  	Paige	  	16 / 2 STR CMP/CL2P VIOLET 1000 feet Plenum
	6000  	  	710636PR	  	Paige	  	 Custom Cat 6 cable – Violet 1000 feet Plenum
(Intercom)

	CCTV Head End Equipment
	3	  	  SRSC-NC100-4000  	  	3VR	  	 Server class NVR 4 TB storage

	3	  	A2-OS-WSE	  	3VR	  	 3VR Server OS

	3	  	A4-AOB-008	  	3VR	  	 LICENSE FOR FACIAL RECONITION

	1	  	T4214KE	  	Tyco	  	 24v ac 4amp PSU, input voltage 230v ac, metal case with 8 x 500mA
fused terminals, 10 x prefabricated conduit holes

	CCTV Cameras
	40	  	AV2105DN-FB	  	Arecont Vision	  	 2.0 Megapixel H.264/MJPEG Color + B&W Camera, 1600x1200,
w/DayNight motorized IR cut filter, no lens

	38	  	TC9208	  	Bosch - CCTV	  	 MOUNT, INDOOR, 8-INCH, 9 LB MAX LOAD, ALUMINUM FINISH

	2	  	HSGl-O-W	  	  Arecont Vision  	  	 Outdoor IP67 vandal proof Housing for single and dual sensor cameras,
with heater/blower

	2	  	SS-HSG1	  	Arecont Vision	  	 Sunshade for HSGl-O-W

	4	  	M3Z1228C-MP	  	Computar	  	 2/3” 12-36mm Varifocal, Manual Iris Megapixel (C
Mount)

	18	  	SL183M	  	Theia	  	 Theia Lens Manual Iris 1.3 to 3 MM varifoal lens

	18	  	MPL4-10-FB	  	ARECONT	  	 ARECONT VI MPL4-10-FB 4-10mm Lens

	CCTV Cabling
	11000	  	710636PR	  	Paige	  	 Custom Cat 6 cable – Violet 1000 feet Plenum

	2000	  	454694APR	  	Paige	  	 16 / 2 STR CMP/CL2P VIOLET 1000 feet Plenum

	1	  	361406	  	Tyco	  	 TYCO/AMP 1933328-1 48-PORT PANEL 110-MOD 8W8P T568A/B CAT6 AMPTRAC
LOADED 2U ROHS

	Additional Material (If Needed)
	10	  	4 Square	  	Local	  	 4 Square Box

	10	  	Conduit	  	Misc.	  	 Conduit

	5	  	Threaded Pipe	  	Misc.	  	 10ft stick 1.5” Threaded Pipe

 

         
  

					
	Signed by		 )
		
	 for and on the behalf

of the Seller
		 )
 )
		 /s/ signature

			
	Signed by		 )
		
	 for and on the behalf
		 )
		
	 of the Buyer
		 )
		

  

  
 18 

  
 

         
  

					
	  DATED 9 July 2014
				
	  

  
 FACEBOOK UK
LIMITED       (1) 
 - and - 

MIDASPLAYER.COM LIMITED         (2) 

 
  

DEED OF ASSIGNMENT 
 of
leasehold property known as 
 Ground and Mezzanine Floors, 

Seven Dials Warehouse, 42/50 Earlham Street, London WC2H 9LA 

Version date: 3 June 2014 
  

 
  
 

 
 Fox Williams LLP, Ten Dominion Street, LondonEC2M 2EE 

T: +44 (0)20-7628 2000 F: +44 (0)20-7628 2100  

mail@foxwilliams.com   |   www.foxwilliams.com 

                NR       
                        

 TABLE OF CONTENTS 

 

					
	 1.       INTERPRETATION
		 	1	  
	 2.       ASSIGNMENT
		 	2	  
	 3.       TITLE GUARANTEE
		 	3	  
	 4.       VAT

5.       RIGHTS OF THIRD PARTIES
		 
  
	3
 3
	  
   

	 6.       GOVERNING LAW
		 	3	  
	 Schedule 1 - Title documents
		 	4	  

					
	 THIS DEED is made 9 July 2014
				

 BETWEEN: 
  

	(1)	 FACEBOOK UK LIMITED incorporated and registered in England and Wales with company number 06331310 whose registered office is at 21 St Thomas
Street, Bristol BS1 6JS (the Assignor); and 

  

	(2)	 MIDASPLAYER.COM LIMITED incorporated and registered in England and Wales with company number 04534247 whose registered office is at 10th Floor, Central Saint Giles, 1 St. Giles High Street, London WC2H 8AG (the Assignee). 

WHEREAS 
  

	(A)	 The residue of the term granted by the Lease remains vested in the Assignor. 

 

	(B)	 The Assignor has agreed to assign the Lease to the Assignee on the terms of this deed. 

 

	(C)	 The consent of the landlord and the superior landlord has been obtained as required by the Lease. 

IT IS AGREED as follows: 
  

	1.	 INTERPRETATION 

  

	1.1	 The definitions and rules of interpretation in this clause apply in this deed. 

 

			
	 “Contract”
		 means a contract for the assignment of the Lease dated 9 July 2014 and made between (1) Facebook UK Limited and (2) Midasplayer.com Limited;

		
	 “Lease”
		 means an underlease of Ground and Mezzanine Floors, Seven Dials Warehouse, 42/50 Earlham Street, London WC2H 9LA dated 11 November 2011 and made between (1)
Expedia.com Limited and (2) Facebook UK Limited;

		
	 “Lease Obligations”
		 means the tenant covenants and all terms and conditions contained or referred to in the Lease;

		
	 “Property”
		 means Ground and Mezzanine Floors, Seven Dials Warehouse, 42/50 Earlham Street, London WC2H 9LA as more particularly described in and demised by the
Lease;

		
	 “Rents”
		 means the rents reserved by the Lease;

		
	 “Title Documents”
		 means the documents listed in the Schedule;

		
	 “VAT”
		 means value added tax chargeable under the Value Added Tax Act 1994 and any similar

  
 1 

			
			replacement tax and any similar additional tax;

  

	1.2	 Clause and schedule headings shall not affect the interpretation of this deed. 

 

	1.3	 A reference to the Lease includes any deed, licence, consent, approval or other instrument supplemental to it. 

 

	1.4	 A reference to the Property is to the whole and any part of it. 

 

	1.5	 References to the Assignee include a reference to its successors in title and assigns. 

 

	1.6	 The expression tenant covenants has the meaning given to it by the Landlord and Tenant (Covenants) Act 1995. 

 

	1.7	 A person includes a natural person, corporate or unincorporated body (whether or not having separate legal personality) and that
person’s legal and personal representatives, successors and permitted assigns. 

  

	1.8	 Unless the context otherwise requires, a reference to one gender shall include a reference to the other genders. 

 

	1.9	 Unless otherwise specified, a reference to a particular law is a reference to it as it is in force for the time being, taking account of any
amendment, extension, application or re-enactment and includes any subordinate legislation for the time being in force made under it. 

  

	1.10	 References to clauses or schedules are to the clauses in or schedules to this deed. 

 

	2.	 ASSIGNMENT 

  

	2.1	 In consideration of the covenants given by the Assignee in this deed the Assignor assigns the Property to the Assignee for the unexpired residue of
the term granted by the Lease subject to the payment of the Rents and the Lease Obligations. 

  

	    	 The Property is assigned free from encumbrances other than: 

 

	 	2.1.1	 any matters discoverable by inspection of the Property before the date of this deed; 

 

	 	2.1.2	 any matters which the Assignor does not and could not reasonably know about; 

 

	 	2.1.3	 any matters disclosed or which would have been disclosed by the searches and enquiries which a prudent assignee would have made before entering
into this deed; 

  

	 	2.1.4	 any notice, order or proposal given or made (whether before or after the date of this deed) by a body acting on statutory authority;

  

	 	2.1.5	 any matters contained or referred to in the Lease and Title Documents. 

  
 2 

	3.	 TITLE GUARANTEE 

  

	3.1	 The Property is assigned with full title guarantee. 

  

	3.2	 The covenant set out in section 3 of the 1994 Act shall not extend to any breach of the Lease relating to the physical state or condition of the
Property. 

  

	3.3	 The covenant set out in section 4(1)(b) of the 1994 Act shall not extend to any breach of the Lease relating to the physical state or condition of
the Property. 

  

	3.4	 All matters recorded at the date of this deed in registers open to public inspection are deemed to be within the actual knowledge of the Assignee
for the purposes of section 6(2)(a) of the 1994 Act, notwithstanding section 6(3) of the 1994 Act. 

  

	4.	 VAT 

  

	4.1	 All sums payable under or pursuant to this deed are exclusive of VAT (if any). 

 

	4.2	 Any VAT chargeable in respect of such sums, or an amount equal to any VAT, shall be payable in addition to such sums. A VAT invoice shall be
provided against any payment. 

  

	5.	 RIGHTS OF THIRD PARTIES 

  

	5.1	 A person who is not a party to this deed shall not have any rights under or in connection with it by virtue of the Contracts (Rights of Third
Parties) Act 1999. 

  

	6.	 GOVERNING LAW 

  

	6.1	 This deed and any dispute or claim arising out of or in connection with it or its subject matter or formation (including non-contractual disputes
or claims) shall be governed by and construed in accordance with the law of England and Wales. 

 This document has been executed as a
deed and is delivered and takes effect on the date stated at the beginning of it. 

  
 3 

 

         
 Schedule 1 - Title documents 

 

									
	 Date

 
		  		 Description

 
		  		
Parties
  

	 	 	 	 	 
	 1 July 2011
		 		 Statutory Declaration regarding Facebook UK Ltd relating to Ground and Mezzanine
Floors
  
		 		 Anthony John Green

	 	 	 	 	 
	 6 July 2011
		 		 Licence to Underlet relating to the Ground and Mezzanine Floors
		 		
(1)    Seven Dials S.A.R.L.

(2)    Expedia.com Limited

(3)    Facebook UK Ltd.

(4)    Expedia, Inc

 

	 	 	 	 	 
	 6 July 2011
		 		 Agreement for Lease relating to the Ground and Mezzanine Floors
		 		
(1)    Expedia.com Limited

(2)    Facebook UK Ltd.

 

	 	 	 	 	 
	 16

November
 2011
		 		 Licence for Alterations relating to Ground and Mezzanine Floors
		 		
(1)    Seven Dials S.A.R.L.

(2)    Expedia.com Limited

(3)    Facebook UK Limited

(4)    Expedia, Inc

 

	 	 	 	 	 
	 3 January 2012
		 		 Licence for Alterations relating to Ground Floor Mezzanine, Reception and Floors 3, 4 and 5
		 		
(1)    Seven Dials S.A.R.L.

(2)    Expedia.com Limited

(3)    Facebook UK Ltd

(4)    Expedia, Inc

 

	 	 	 	 	 
	 5 October 2012
		 		 Licence for Alterations
		 		
(1)    Seven Dials S.A.R.L.

(2)    Expedia.com Limited

(3)    Facebook UK Ltd

(4)    Expedia, Inc

 

  
 4 

 

         
  

					
	 Executed as a deed by 
 FACEBOOK UK
LIMITED acting
 by a director, in the presence of:
		 /s/ signature
		
			
			Director		

  

	
	Signature of witness: /s/ Joanne Redmond
	
	Name: JOANNE REDMOND
	
	Address: 4 Grand Canal Sq. Dublin 2
	
	Occupation: Solicitor

  
 5 

  
 

         
  

					
	DATED 9 July 2014		  		  

 FACEBOOK UK
LIMITED         (1) 
 - and - 

MIDASPLAYER.COM LIMITED         (2) 

 
  

DEED OF ASSIGNMENT 
 of
leasehold property known as 
 Reception and Floors 3, 4 and 5, 

Seven Dials Warehouse, 42/50 Earlham Street, London WC2H 9LA 

Version date: 3 June 2014 
  

 
  
 

 
 Fox Williams LLP, Ten Dominion Street, LondonEC2M 2EE 

T: +44 (0)20-7628 2000 F: +44 (0)20-7628 2100 

mail@foxwilliams.com  |  www.foxwilliams.com 

NR                        
             

 
TABLE OF CONTENTS 
  

					
	 1.         INTERPRETATION
		 	1	  
	 2.        ASSIGNMENT
		 	2	  
	 3.        TITLE GUARANTEE

4.        VAT    
		 
  
	3
 3
	  
   

	 5.        RIGHTS OF THIRD PARTIES
		 	3	  
	 6.        GOVERNING LAW
		 	3	  
	 Schedule 1 - Title documents
		 	4	  

					
	 THIS DEED is made 9 July 2014
				

 BETWEEN: 
  

	(1)	 FACEBOOK UK LIMITED incorporated and registered in England and Wales with company number 06331310 whose registered office is at 21 St Thomas
Street, Bristol BS1 6JS (the Assignor); and 

  

	(2)	 MIDASPLAYER.COM LIMITED incorporated and registered in England and Wales with company number 04534247 whose registered office is at 10th Floor, Central Saint Giles, 1 St Giles High Street, London WC2H 8AG (the Assignee). 

WHEREAS 
  

	(A)	 The residue of the term granted by the Lease remains vested in the Assignor. 

 

	(B)	 The Assignor has agreed to assign the Lease to the Assignee on the terms of this deed. 

 

	(C)	 The consent of the landlord and the superior landlord has been obtained as required by the Lease. 

IT IS AGREED as follows: 
  

	1.	 INTERPRETATION 

  

	1.1	 The definitions and rules of interpretation in this clause apply in this deed. 

 

			
	 “Contract”
		means a contract for the assignment of the Lease dated 9 July 2014 and made between (1) Facebook UK Limited and (2) Midasplayer.com Limited;
		
	 “Lease”
		means an underlease of Reception and Floors 3, 4 and 5, Seven Dials Warehouse, 42/50 Earlham Street, London WC2H 9LA dated 3 January 2012 and made between (1) Expedia.com Limited and (2) Facebook UK Limited;
		
	 “Lease Obligations”
		 means the tenant covenants and all terms and conditions contained or referred to in the Lease;

		
	 “Property”
		 means Reception and Floors 3, 4 and 5, Seven Dials Warehouse, 42/50 Earlham Street, London WC2H 9LA as more particularly described in and demised by the
Lease;

		
	 “Rents”
		 means the rents reserved by the Lease;

		
	 “Title Documents”
		 means the documents listed in the Schedule;

		
	 “VAT”
		 means value added tax chargeable under the

  
 1 

			
			 Value Added Tax Act 1994 and any similar replacement tax and any similar additional tax;

  

	1.2	 Clause and schedule headings shall not affect the interpretation of this deed. 

 

	1.3	 A reference to the Lease includes any deed, licence, consent, approval or other instrument supplemental to it. 

 

	1.4	 A reference to the Property is to the whole and any part of it. 

 

	1.5	 References to the Assignee include a reference to its successors in title and assigns. 

 

	1.6	 The expression tenant covenants has the meaning given to it by the Landlord and Tenant (Covenants) Act 1995. 

 

	1.7	 A person includes a natural person, corporate or unincorporated body (whether or not having separate legal personality) and that
person’s legal and personal representatives, successors and permitted assigns. 

  

	1.8	 Unless the context otherwise requires, a reference to one gender shall include a reference to the other genders. 

 

	1.9	 Unless otherwise specified, a reference to a particular law is a reference to it as it is in force for the time being, taking account of any
amendment, extension, application or re-enactment and includes any subordinate legislation for the time being in force made under it. 

  

	1.10	 References to clauses or schedules are to the clauses in or schedules to this deed. 

 

	2.	 ASSIGNMENT 

  

	2.1	 In consideration of the covenants given by the Assignee in this deed the Assignor assigns the Property to the Assignee for the unexpired residue of
the term granted by the Lease subject to the payment of the Rents and the Lease Obligations. 

 The
Property is assigned free from encumbrances other than: 
  

	 	2.1.1	 any matters discoverable by inspection of the Property before the date of this deed; 

 

	 	2.1.2	 any matters which the Assignor does not and could not reasonably know about; 

 

	 	2.1.3	 any matters disclosed or which would have been disclosed by the searches and enquiries which a prudent assignee would have made before entering
into this deed; 

  

	 	2.1.4	 any notice, order or proposal given or made (whether before or after the date of this deed) by a body acting on statutory authority;

  

	 	2.1.5	 any matters contained or referred to in the Lease and Title Documents. 

  
 2 

	3.	 TITLE GUARANTEE 

  

	3.1	 The Property is assigned with full title guarantee. 

  

	3.2	 The covenant set out in section 3 of the 1994 Act shall not extend to any breach of the Lease relating to the physical state or condition of the
Property. 

  

	3.3	 The covenant set out in section 4(1)(b) of the 1994 Act shall not extend to any breach of the Lease relating to the physical state or condition of
the Property. 

  

	3.4	 All matters recorded at the date of this deed in registers open to public inspection are deemed to be within the actual knowledge of the Assignee
for the purposes of section 6(2)(a) of the 1994 Act, notwithstanding section 6(3) of the 1994 Act. 

  

	4.	 VAT 

  

	4.1	 All sums payable under or pursuant to this deed are exclusive of VAT (if any). 

 

	4.2	 Any VAT chargeable in respect of such sums, or an amount equal to any VAT, shall be payable in addition to such sums. A VAT invoice shall be
provided against any payment. 

  

	5.	 RIGHTS OF THIRD PARTIES 

  

	5.1	 A person who is not a party to this deed shall not have any rights under or in connection with it by virtue of the Contracts (Rights of Third
Parties) Act 1999. 

  

	6.	 GOVERNING LAW 

  

	6.1	 This deed and any dispute or claim arising out of or in connection with it or its subject matter or formation (including non-contractual disputes
or claims) shall be governed by and construed in accordance with the law of England and Wales. 

 This document has been
executed as a deed and is delivered and takes effect on the date stated at the beginning of it. 

  
 3 

  
 

         
 Schedule 1 - Title documents 

 

											
	 Date

 
		  		 Description

 
		  		  		
Parties
  

	 	 	 	 	 	 
	 1 July 2011
		 		 Statutory Declaration regarding Facebook UK Ltd relating to the Reception and Floors
3, 4 and 5
  
		 		 		 Anthony John Green

	 	 	 	 	 	 
	 6 July 2011
		 		 Licence to Underlet relating to the Reception and Floors 3, 4 and 5
		 		 		
(1)    Seven Dials S.A.R.L.

(2)    Expedia.com Limited

(3)    Facebook UK Ltd.

(4)    Expedia, Inc

 

	 	 	 	 	 	 
	 6 July 2011
		 		 Agreement for Lease relating to the Reception and Floors 3, 4 and 5
		 		 		
(1)    Expedia.com Limited

(2)    Facebook UK Ltd.

 

	 	 	 	 	 	 
	 3 January 2012
		 		 Licence for Alterations relating to Ground Floor Mezzanine, Reception and Floors 3, 4 and 5
		 		 		
(1)    Seven Dials S.A.R.L.

(2)    Expedia.com Limited

(3)    Facebook UK Ltd

(4)    Expedia, Inc

 

	 	 	 	 	 	 
	 5 October 2012
		 		 Licence for Alterations
		 		 		
(1)    Seven Dials S.A.R.L.

(2)    Expedia.com Limited

(3)    Facebook UK Ltd

(4)    Expedia, Inc

 

  
 4 

  
 

         
  

					
	 Executed as a deed by

FACEBOOK UK LIMITED acting

by a director, in the presence of:
		 /s/ signature
		
			
			Director		

 Signature of witness: /s/ Joanne Redmond 

Name: JOANNE REDMOND 
 Address: 4 Grand Canal Sq. Dublin 2 

Occupation: Solicitor 

  
 5EX-4.05

 Exhibit 4.05 

Services Form 
 This Agreement is made by and
between: 
 INTERXION SVERIGE AB 
 Esbogatan 11 

164 94 Stockholm 
 Sweden 

(hereinafter ‘Interxion’) 
 and 

MIDASPLAYER AB 
 Sankt Eriksgatan 113, 2 tr. 

113 43 Stockholm 
 Sweden 

(hereinafter ‘Customer’) 
 (Interxion and the Customer
hereinafter also separately referred to as “Party” and jointly as “Parties”) 
  

			
	 Whereas
	  	

  

	A.	Interxion has been identified by the Customer as meeting its qualification criteria as a preferred partner of choice in facilitating the provision of data centre services, coordinated by an account manager.

	B.	Each of the Parties appreciates that the conditions of this Agreement are the result of extensive negotiations and the Parties acknowledge that all major legal issues are adequately reflected in this Agreement.

 Parties have agreed as follows: 
  

			
	 1.     Subject
	  	

 Customer purchases Services from Interxion as specified under Clause 2.4 (‘Order specification and Service Fees’) and
in accordance with the terms and conditions as listed in Clause 4 (‘List of Annexes’). Interxion provides the Services at the Interxion Premises, indicated under Clause 2.3 (‘Contract term and location information’). Capitalised
terms used in this Agreement shall have the meaning set out in the General Terms and Conditions listed in Clause 4. 
  

			
	 2.     Customer Order
	  	

  

			
	 2.1.     Account Management
	  	

  

											
	 Account
	  	Stefan Jofors	  	Contract	  	00095466.0	  	Customer ID	  	A0003120
	 Manager
	  	 	  	Number	  	 	  	 	  	 

  

			
	 2.2.     Customer Information
	  	

  

											
	    Customer	  		  	Contact person	  	Contact during Order Implementation
	Name	  	MIDASPLAYER AB	  	Name	  	Daniel Wigenfors	  	Name	  	Daniel Wigenfors
	Street	  	Sankt Eriksgatan 113, 2 tr.	  	Function	  	System Administration Manager	  	Function	  	 System
Administration Manager
  

	Postcode	  	113 43	  	Telephone	  	+46854570430	  	Telephone    	  	+46854570430
	City	  	Stockholm	  	Fax	  	+46854570439	  	Fax	  	+46854570439
	Country	  	Sweden	  	Email	  	daniel@king.com	  	Email	  	daniel@king.com
	Telephone	  	+46 8 54570430	  	 	  	 	  	 	  	 
	Fax	  	+46 8 54570439	  	 	  	 	  	 	  	 

  

			
	Customer                     
Interxion                     Confidential	  	Page 1 of 23            

  

											
	    Invoicing address (if different from above)	  	Invoicing contact	  	Contact during Operations
	Street	  	Sankt Eriksgatan 113, 2 tr.	  	Name	  	 	  	Name	  	 
	Postcode	  	113 43	  	Function	  	 	  	Function	  	 
	City	  	Stockholm	  	Telephone	  	 	  	Telephone	  	 
	Country	  	Sweden	  	Fax	  	 	  	Fax	  	 
	 	  	 	  	Email	  	 	  	Email	  	 
					
	     Customer Bank details
	  		  		  		  	
	Bank name	  	 	  	 Account

no
	  	 	  	VAT number	  	SE556653206401

  

			
	 2.3.     Contract term and location information
	  	

  

							
	 Initial Agreement
Period
 (in months)
	  	36	  	Interxion Premises	  	STO1, STO2 &STO3
	Invoice period	  	Monthly	  	Room number	  	 STO1 room 21, STO2
room 201, STO3
 room 302

	Commencement Date	  	1-Oct-2014	  	Cabinet reference	  	 
	Safety Deposit	  	SEK361,122.00	  	Address	  	Esbogatan 11, Box 56, 16494 Kista
	By means of	  	bank transfer	  	 	  	 
	 To Interxion bank

account number
	  	122001-02704	  	 	  	 

  

			
	 2.4.     Order specification and Service Fees
	  	

  

			
	 Currency: SEK
	 	All amounts below are exclusive of Value Added Tax

  

											
	 Services:
	  		  		  		  		  	
	Product	  	    Unit Type    	  	
Start of Service        

delivery
	  	    Quantity    	  	    Unit Price    	  	               
                 Total
	 STO 1, room 21

	 Shared Area Cage
	  	Sqm	  	1-Oct-2014	  	80.00    	  	1,016.34    	  	81,307.20
	 kW Standard Power, Metered

(excluding power usage)
	  	kW	  	1-Oct-2014	  	65.00    	  	1,815.20    	  	117,988.00
	 kW Advanced Power, Metered

(excluding power usage)
	  	kW	  	1-Oct-2014	  	60.00    	  	1,815.20    	  	108,912.00
	 Full Cabinet (60x107)
	  	Cabinet	  	1-Oct-2014	  	10.00    	  	0.00    	  	0.00
	 STO 2, room 201

	 Shared Area Cage
	  	Sqm	  	1-Oct-2014	  	90.00    	  	820.00    	  	73,800.00
	 kW Advanced Power, Metered

(excluding power usage)
	  	kW	  	1-Oct-2014	  	150.00    	  	1,498.00    	  	224,700.00
	 Cross Connects : Fiber internal

between room 21 and room 201
	  	Cross Connect	  	1-Oct-2014	  	8.00    	  	0.00    	  	0.00
	 STO 3, room 302

	 Shared Area Cage
	  	Sqm	  	1-Oct-2014	  	80.00    	  	820.00    	  	65,600.00
	 kW Advanced Power, Metered

(excluding power usage)
	  	kW	  	1-Oct-2014	  	150.00    	  	1,498.00    	  	224,700.00
	 Cross Connects : Fiber internal

between room 21 and room 201
	  	Cross Connect	  	1-Oct-2014	  	8.00    	  	0.00    	  	0.00
	
Total of Monthly Recurring Service Fees
	  	897,007.20

  

			
	Customer                     
Interxion                     Confidential	  	Page 2 of 23            

  

											
	 Set-up, installation and materials:
	  		  		  		  		  	
	Product	  	Unit Type    	  	
Start of Service        

delivery
	  	    Quantity  	  	    Unit Price  	  	               
                 Total
	 STO 1, room 21

	 Shared Area Cage
	  	Sqm	  	1-Oct-2014	  	1.00  	  	75,000.00  	  	Paid in original contract
	 Plugset Installation Metered 230V/16A
	  	Plug set	  	1-Oct-2014	  	20.00  	  	0.00  	  	0.00
	 STO 2, room 201
	  	 
	 Shared Area Cage
	  	Sqm	  	1-Oct-2014	  	1.00  	  	157,500.00  	  	Paid in original contract
	 Pre-cabling/Patch Panels : Fiber – 12 Ports
	  	Cross Connect	  	1-Oct-2014	  	2.00  	  	0.00  	  	0.00
	 STO 3, room 302

	 Shared Area Cage
	  	Sqm	  	1-Oct-2014	  	1.00  	  	140,000.00  	  	140,000.00
	 Pre-cabling/Patch Panels : Fiber – 12 Ports
	  	Cross Connect	  	1-Oct-2014	  	1.00  	  	0.00  	  	0.00
	 Total
Fees for Setup, Installation Services and Materials
	  	140,000.00

  

							
	 Usage fees:
	  		  			
	Product	  	Unit Type        	  	Unit Price	 
	 kW Std Metered power usage:
	  	kWh	  	 	1.20	  
	 kW Adv Metered power usage:
	  	kWh	  	 	1.20	  

 Power usage will be invoiced monthly in arrears based on actual kWh usage. 

 

			
	 3.     Notice
	  	

 Any Notice or communication between the Parties related to the Agreement shall be addressed as set forth below: 

Interxion: 
 INTERXION SVERIGE
AB 
 Esbogatan 11 
 164 94 Stockholm 

Sweden 
 Contact person:
      Managing Director 
 Phone:
                    +46 859 464 050 
 Fax:
                        +46 859 464051 

Customer: 
 MIDASPLAYER AB 

Sankt Eriksgatan 113, 2 tr. 
 113 43 Stockholm 

Sweden 
 Contact person:
      Daniel Wigenfors 
 Phone:
                    +46854570430 
 Fax:
                        +46854570439 
  

			
	 4.     List of Annexes
	  	

 Annex 1: Interxion General Terms and Conditions for Services, version 2013-1 

Annex 2: Interxion Services Schedules, version 2013-1 
 Annex 3:
Other Agreement specific documents: Not applicable. 
 This Services Form together with the Annexes listed above constitute the Agreement. In the event that
there is a conflict between the provisions of this Agreement the order of precedence shall be (1) this Services Form, (2) the General Terms and Conditions, and (3) the Interxion Services Schedules and (4), other Agreement specific
documents if listed above. Purchase orders submitted by Customer are for customer’s internal administrative purposes only and the (commercial) conditions contained in those purchase orders will have no force and effect. Any (general) terms and
conditions of the Customer are explicitly excluded from this Agreement. 

  

			
	Customer                     
Interxion                     Confidential	  	Page 3 of 23            

  

	
	 5.     Country specific Special Regulations

 Annex 1 (General Terms and Conditions version 2013-1) and/or Annex 2 (Interxion Services Schedules version 2013-1) shall be
amended as follows: 
  

	1.	Clause 1.3 General Terms and Conditions shall be replaced by the following wording: “Business Hours: the hours between 8.00 to 16.00 on a Business Day.” 

 

	2.	In addition to Clause 4.6 General Terms and Conditions the interest rate will be payable on the rate stipulated in Section 6 of the Swedish Interest Act. 

 

	3.	In addition to Clause 4.8 General Terms and Conditions the applicable index under the Agreement is the Consumer Price Index (Konsumentsprisindex) (“KPI”) rendered by Statistics Sweden (Statistiska
centralbyrån), base 1980 = 100. 

  

	4.	Clause 17.4 General Terms and Conditions: The Agreement shall be construed with and governed by the laws of Sweden. Any dispute, which may arise out of or in connection with the Agreement, shall be submitted to
the exclusive jurisdiction of the competent court of Stockholm. 

  

	
	 6.     Special Regulations

  

	    	A)     Previous agreements 

  

	1.	The parties previously entered into a services agreement dated 15 August 2008 with agreement number 2384_0001, and 2 amendments to such agreement with effective date 1 Jan 2012 and 15 June 2013 (together the
“Old Agreement”) for the provision of services in respect of the Customer Space in STO1 and STO2. The services in respect of Customer Space STO1 and STO2 shall continue to be provided under the Old Agreement until the Commencement Date. As
of the Commencement Date, the Old Agreement shall be terminated and replaced by this Agreement. 

  

	    	B)     Annex 1 (General Terms and Conditions for Services, version 2013-1) shall be amended as follows: 

  

	1.	The following wording shall be inserted at the end of Clause 2.1: 

	 	“Interxion shall commence providing the Services from the Commencement Date.” 

  

	2.	Clause 3.1 shall be replaced by the following wording: 

	    	To the extent Interxion fails to meet the Service Levels, Interxion shall grant the Customer Compensation (subject always to the limitations set out in the Service Level Agreement). The parties acknowledge that the
crediting of Compensation is not an estimate of the loss or damage that may be suffered by the Customer as a result of Interxion’s failure to meet the Service Levels and that the payment of Compensation is without prejudice to any other rights
and/or remedies of the Customer, provided always that any Compensation paid under this Agreement in respect of Interxion’s failure to meet a specific Service Level shall be deducted from the actual amount of damages that the Customer is
entitled to receive in respect of a damages claim relating to the same such failure. 

  

	3.	Clause 4.6 shall be replaced by the following wording: 

	    	In the event that Interxion has not received the full payment of an invoice, not subject to a good faith dispute, on the Due Date, Interxion will send a Notice to Customer, requiring such non-payment to be remedied. If
the non-payment has not been remedied within 5 (five) days from the day that the Notice was sent (“Notice Date”), and without prejudice to any other right Interxion may have under the Agreement, all outstanding amounts, payable by the
Customer under the Agreement, shall become immediately due and payable and, notwithstanding any other right Interxion may have under the applicable law, Interxion shall be entitled to (1) charge the Customer interest, accruing daily on all due
and unpaid amounts on the rate of 2 % per annum above the interest rate stipulated in Section 6 of the Swedish Interest Act calculated as from the Notice Date and (2) compensation in respect of all costs connected with the recovery of
its claim, including all legal fees and expenses and VAT. Interest on Service Fees that are subject to a good faith dispute is only payable after the dispute is resolved, on sums found or agreed to be due, from 10 days after the date such dispute is
resolved until payment. 

  

	4.	Clause 4.8 shall be replaced by the following wording: 

	    	Interxion has the right to increase the MRSF per 1 January of each calendar year by the higher of (i) 3 (three) % or (ii) the percentage increase from the preceding 12 (twelve) months in the official
national price index as set forth in the Country Specific Special Regulations, or, if this index ceases to be published, any other retail price index published in substitution. Interxion is entitled to charge increased MRSF with retrospective effect
within 4 (four) months from the beginning of the year in which the increased price would have been charged on the basis of this Clause 4.8. For Services provided in STO1 and STO2 (MRSF at Commencement Date = SEK 606,707.20) the first increase
following this Clause shall apply per 1 January 2015. For Services provided in STO3 (MRSF at Commencement Date = SEK 290,300) the first increase following this Clause shall apply per 1 January 2016. 

 

	5.	Clause 4.7 shall be replaced by the following wording: 

	    	As a security for all claims Interxion holds with regard to a breach or faulty performance of the Agreement by the Customer the Customer shall pay a safety deposit as indicated on the Services Form. In the event of a
breach of the Agreement, Interxion 

  

			
	Customer                     
Interxion                     Confidential	  	Page 4 of 23            

  

	    	shall be entitled to forfeit the safety deposit in whole or in part apart from any amounts disputed in good faith. Payment of the safety deposit shall be made in cash, to Interxion’s bank account, stated on the
Services Form. If Interxion (partly) claims the safety deposit, the Customer is obliged to supplement the safety deposit to the amount as indicated on the Services Form. The safety deposit shall be paid before Customer is allowed access to the
Interxion Premises. The safety deposit will be returned no later than 2 (two) months from the day the Agreement has terminated, subject to the Customer having met all its obligations under the Agreement. In the event that the Service Fees are
revised and adjusted in accordance with the Agreement or in the event that the Customer agrees to purchase additional Services, the safety deposit shall be adjusted accordingly. The deposit does not pay interest to the advantage of the Customer.

  

	6.	Clause 5.1 shall be replaced by the following wording: “The Customer waives all rights to suspend any of its payment obligations for whatever reason, except for its rights to suspend amounts disputed in good faith
under Clause 4.6 and to suspend with respect to claims that are undisputed between the Parties or that are upheld by a final ruling of a competent court.” 

  

	7.	Following wording shall be included at the beginning of Clause 5.2: “Subject to Clause 5.1, (...)”. 

  

	8.	Clause 6.1 shall be replaced by the following wording: 

	    	Without prejudice to Clause 6.2 and to the extent permitted by applicable law, the liability of either Party for loss or damage arising under the Agreement for all events arising in any 12 month period commencing on the
Effective Date and each anniversary of the Effective Date (“Year”) during the term, shall be limited to the higher of (i) the total amount of MRSF payable by the Customer in the applicable Year or (ii) euro 250,000.

  

	9.	Clause 6.2 shall be replaced by the following wording: 

	    	Subject to any provision to the contrary in the Agreement, and to the extent permitted by applicable law, neither Party shall be liable to the other Party for special, incidental, indirect, punitive or consequential
damages, whether or not foreseeable, arising out or in connection with the Agreement and regardless of whether such damages: 

	    	(a) are caused by such Party itself or its employees’, contractors’ or subcontractors’; 

	    	(b) are caused by an act, breach, omission, default or negligence; 

	    	(c) are brought in an action based on contract, statue, equity, or tort including negligence or other legal theory. 

	    	Unless such damage is the result of deliberate acts or gross negligence. 

  

	10.	Clause 8 shall be amended by the following: 

	    	8.3 For any formal Notice that is required to be served to the Customer under this Agreement (e.g. termination Notice, Notice related to a breach of the Agreement) a copy of such Notice has to be served to the
Customer’s Chief Legal Officer at 10th Floor, Central Saint Giles, 1 St Giles High Street, London, WC2H 8AG. 

  

	11.	Clause 11.2 shall be replaced by: 

	    	“The Customer shall indemnify and keep indemnified, hold harmless and defend Interxion in respect of any loss, damage or expense (including reasonable attorneys’ fees) resulting from any claim brought by
customers of the Customer (including the Connecting Customer) where such claim arises out of Customer’s, its sub-contractors or Affiliated Companies’ negligence or Customer’s breach of the Agreement. The indemnification is not
applicable where such claim results from gross negligence or wilful intent by Interxion. As a condition to the indemnification provided in this section with respect to any claim brought by customers of the Customer (including the Connecting
Customer), (a) Interxion will notify the Customer promptly after receiving Notice of such claim; (b) Customer will have sole control over the defense and settlement thereof; and (c) Interxion will furnish (at Customer’s
reasonable request and expense) information within its custody or control and reasonable assistance necessary for such defense and (d) Interxion will not make any admission of liability, agreement or compromise in relation to the claim without
the prior written consent of the Customer (such consent not to be unreasonably withheld or delayed).” 

  

	12.	Clause 15.18 shall be replaced by the following wording: 

	    	15.18 Upon termination of the Agreement, the Customer shall have removed all Customer Equipment at its own risk and costs. The Customer shall pay for restoring the Customer Space, or any other part of the Interxion
Premises used by the Customer, to the same condition as they were provided to the Customer at the Effective Date (except for normal wear and tear). For every month, or part thereof, that the Customer has failed to meet the obligations as set forth
in this Clause 15.18, the Customer will be obliged to pay Interxion the MRSF as they were the month before the termination. 

  

	13.	Clause 15.22 shall be replaced by the following wording: 

	    	15.22 The Customer shall at its own cost apply for, possess and maintain any authorization, license, registration, and/or permit which is required to enable it to conduct its respective businesses and to use the
Services. The Customer shall comply with the conditions as set forth in such authorization, license or permit and shall indemnify and keep indemnified Interxion for any claim by a third party in respect of damages, losses or costs suffered, due to
the Customer’s non-compliance with the aforementioned obligations in this clause 15.22 

  

	14.	Clause 16.6 shall be replaced by the following wording: 

	    	Under no condition shall the Agreement vest any rights in Interxion with respect to Customer Equipment, unless the Agreement explicitly stipulates otherwise. Interxion is not entitled to use Customer Equipment for its
own purposes, use or access software on the Customer Equipment nor access data on Customer Equipment for any purposes. Interxion shall not remove, alter or obscure any proprietary notices from the Customer Equipment. Interxion shall not disable
Customer’s access to the Customer Equipment other than as expressly permitted under this Agreement. 

  

	    	C)     Schedule 2 (SLA) of the Interxion Services Schedules, version 2013-1 (Annex 2) shall be amended as follows: 

  

			
	Customer                     
Interxion                     Confidential	  	Page 5 of 23            

  

	15.	Clause 4 - Service Levels and Compensation last sentence, shall be replaced by the following wording: 

	    	The total aggregated Compensation in a given month for Service Level- power, -climate control and -Hands & Eyes Service will be limited to 75% of the MRSF. 

 

	
	 7.     Signature

 As agreed by both Parties: 
  

											
	     MIDASPLAYER AB
  
	  		  		 	 INTERXION SVERIGE AB
  
	  	
	 Name of

authorized
 representative
	  	Lars Markgren	  	 	 	 Name of

authorized representative
	  	Peder Bank	  	 
	Title	  	Director	  	 	 	Title	  	M.D.	  	 
	 Signature of

authorized
 representative
	  	 /s/
Lars Markgren           
	 	 Signature of

authorized
 representative
	  	 /s/ Peder
Bank              

	Place	  	Stockholm	  	 	 	Place	  	STO	  	 
	Date	  	8/4/2014	  	 	 	Date	  	8/4/2014	  	 

  

			
	Customer                     
Interxion                     Confidential	  	Page 6 of 23            

 Annex 1: Interxion General Terms and Conditions for Services, version 2013-1

 These Interxion General Terms and Conditions for Services, version 2013-1 (hereafter referred to as:
“General Terms and Conditions”) apply to and form an integral part of all Offers and Agreements and regulate the provision of Services by Interxion to the Customer. The (general) terms and conditions of the Customer are not applicable to
Offers and Agreements. These General Terms and Conditions replace any terms and conditions that were declared applicable upon the conclusion of an earlier agreement. 

Clause 1 Definitions 
 In the Agreement, including these
General Terms and Conditions, the capitalised terms are defined as follows whereby the use of the singular will include the plural and vice versa: 

	1.1	Agreement: the agreement, entered into by Interxion and the Customer, the subject matter of which is the provision of the Services by Interxion to the Customer, consisting of the Services Form, these General
Terms and Conditions, the Interxion Services Schedules and any additional documents as set out in the Services Form. 

	1.2	Business Day: any day which is not a Saturday, a Sunday or a public holiday in the country where the Interxion Premises is located. 

	1.3	Business Hours: the hours between 08.00 to 18.00 on a Business Day. 

	1.4	Campus Cross Connect: any type of physical connection between the Customer and a Connecting Customer between two Interxion Premises via the Interxion Patch Panel as described in Clause 3.1 of the Services
Description. 

	1.5	CCOF: the cross connect order form, used by the Customer to order, inter alia, (additional) Cross Connects and/or (additional) Campus Cross Connects and, once completed by Interxion and confirmed by the Customer,
amending the Agreement. 

	1.6	Commencement Date: the date stated in the Services Form under “Commencement Date”. 

	1.7	Compensation: reimbursement of (part of) the MRSF as set out in Clause 4 of the SLA and subject always to the limitations set out in the SLA. 

	1.8	Confidential Information: any commercial, financial, technical, legal, marketing or other data, know-how, trade secrets, information marked as “Confidential”, or any other information of whatever nature
relating to a Party or any member of its group or their respective businesses which has been disclosed (whether in writing, orally or by another means and whether directly or indirectly) by or on behalf of that Party to the other Party whether
before or after the date of the Agreement or issuance of an Offer (as applicable). 

	1.9	Connecting Customer: an Interxion customer that is connected to the Customer, using the Cross Connect Service. 

	1.10	Country Specific Special Regulations: the country specific variations to the General Terms and Conditions and/or the Interxion Services Schedules. 

	1.11	Cross Connect Service: the provision by Interxion of a connection from the Customer to the Connecting Customer, through the use of Cross Connects or Campus Cross Connects as opted for by the Customer and as
specified in the Services Form and the CCOF. 

	1.12	Cross Connect: any type of physical connection between the Customer and a Connecting Customer inside the Interxion Premises via the Interxion Patch Panel as described in Clause 3 of the Services Description.
 

	1.13	Customer: the party that has concluded the Agreement with Interxion. 

	1.14	Customer Affiliate: a company in which the Customer holds a majority of the voting rights and/or has the power to appoint the majority of the board. 

	1.15	Customer Contacts: The Customer’s personnel and third parties appointed by Customer and as registered by the Customer at ECSC (including but not limited to: change list authorisers, access authorisers,
permanent access card holders, Hands & Eyes requestors, Cross Connect approvers, maintenance contacts, emergency contacts and escalation contacts). 

	1.16	Customer Equipment: all equipment owned, leased or held by or on behalf of the Customer, which is placed, stored and/or installed in the Customer Space. 

	1.17	Customer Patch Panel: the patch panel provided by Interxion and attached to the Customer Equipment as part of the Cross Connect Service.

	1.18	Customer Patch: the extension of the Cross Connect from the Customer Patch Panel into the Customer Equipment as requested by the Customer and provided by Interxion. 

	1.19	Customer Portal Service: an online Service provided by Interxion to its Customers through which Customer Contacts can complete a variety of tasks and access a range of information. 

	1.20	Customer Portal: means https://portal.interxion.com. 

	1.21	Customer Space: the part of the Interxion Premises where the Customer Equipment is placed. 

	1.22	Due Date: the 31st day from the invoice date. 

	1.23	ECSC: the European Customer Service Centre of Interxion, the point of contact for (inter alia) all operational issues of the Customer, such as reporting of incidents, interruptions and requests for access and
information. 

	1.24	Effective Date: the date Interxion as well as the Customer have signed the Agreement. 

	1.25	Engineer: an engineer performing the Hands & Eyes Service, acting upon the instructions of and subjected to the direct control of the Customer. 

	1.26	Equipment Cabinet: the 19-inch cabinet as in accordance with the standards of the European Telecommunications Standard Institute, or a cabinet of equivalent standard, at the Interxion Premises, used by the
Customer for the installation and operation of the Customer Equipment. 

	1.27	Equipment Housing Service: the services described in Clause 2 of the Services Description. 

	1.28	Force Majeure Event: any cause preventing either Party from performing any or all of its obligations under the Agreement which arises from, or is attributable to acts, events, omissions or accidents beyond the
reasonable control of the Party so prevented. Such acts, events, omissions or accidents shall include, without limitation, strikes, lockouts or other industrial disputes (whether or not involving the workforce of Parties or any other party), acts of
God, embargo, war, terrorism, riot, civil commotion, malicious damage, compliance with any law or governmental order, rule, regulation or direction, accident, breakdown of plant or machinery, fire, flood or storm or to the after effects of any of
the foregoing. 

	1.29	Hands & Eyes Service: the provision of Rapid Response Service and/or Pre Scheduled Work Service by an Engineer, if opted for by the Customer and as described in Clause 4 of the Services Description.

	1.30	Initial Agreement Period: the minimum period following Commencement Date for which the Agreement will be effective, as set forth in the Services Form. 

	1.31	Interxion: an Interxion Affiliate stated on the Services Form that has concluded the Agreement with the Customer. 

	1.32	Interxion Affiliate: a company in which Interxion Holding N.V. directly or indirectly holds a majority of the voting rights and/or has the power to appoint the majority of the board. 

	1.33	Interxion Facilities: all technical components in the Customer Space that Interxion uses for the provision of the Services, including but not limited to equipment, hardware, telecommunications networks, cables,
devices and racks. 

	1.34	Interxion House Rules: Schedule 4 of the Interxion Services Schedules, regulating the use of the Interxion Premises. 

	1.35	Interxion Patch Panel: the patch panel located in a separated space within the Interxion Premises, accessible to Interxion only, where all Cross Connects are established. 

	1.36	Interxion Premises: the entire site owned or leased by Interxion, specified in the Services Form, where Interxion provides the Services to Customer as well as services to other customers of Interxion.

	1.37	Interxion Services Schedules: the Services Description, the Service Level Agreement, the Customer Equipment Power Connection Diagram and the Interxion House Rules. 

	1.38	Monthly Recurring Service Fee or MRSF: the monthly recurring service fee related to the provision of Services, as specified in the Services Form and/or the CCOF, excluding fees for power usage. 

	1.39	Notice: a notice in writing or electronic message, sent by either Party to the other Party, regarding the Agreement. 

	1.40	Occurrence: a deviation from the Service caused by the Customer through the Customer Equipment or through a defect in any equipment under the control of or used by or on behalf of the Customer or otherwise, that
may cause or threatens to cause operational disturbances. 

	1.41	Offer: an offer to enter into an Agreement issued by Interxion. 

	1.42	Party (Parties): Interxion and/or the Customer. 

 

  

			
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Interxion                     Confidential	  	Page 7 of 23            

	1.43	Pre Scheduled Work Service: the service described in Clause 4.2 of the Services Description. 

	1.44	Pre-Cabling: a bundle of cables, cabled in advance between the Customer Patch Panel and the Interxion Patch Panel, to be activated to the extent required to provide Cross Connects when and to the extent as
requested by the Customer. 

	1.45	Rapid Response Service: the Service described in Clause 4.1 of the Services Description. 

	1.46	Service: the service to be provided by Interxion as set out in the Services Form and further defined in the General Terms and Conditions and in the Services Description. 

	1.47	Service Fees: MRSF and other recurring and nonrecurring fees related to the Services. 

	1.48	Service Level Agreement or SLA: Schedule 2 of the Interxion Services Schedules, containing the Service Levels against which Interxion’s performance of the agreed Services shall be measured.

	1.49	Service Level: the results marked as “Service Level” in Clause 4 of the SLA. 

	1.50	Services Description: Schedule 1 of the Interxion Services Schedules, describing the Services. 

	1.51	Services Form: the document that states the specific arrangements of the Agreement and the Services to be provided. 

	1.52	Setup and Installation Service: the service described in Clause 6 of the Services Description. 

 Clause
2  Term 

	2.1	Subject to Clause 13 of these General Terms and Conditions, the Agreement shall take effect on the Effective Date and shall remain in effect until the end of the Initial Agreement Period. The Agreement shall thereafter
be automatically renewed for successive periods of 1 (one) year unless terminated by either Party by serving Notice to the other Party, not less than 3 (three) months before the end of the Initial Agreement Period or any successive period.

 Clause 3  Services 

	3.1	To the extent Interxion fails to meet the Service Levels, Interxion shall grant the Customer Compensation (subject always to the limitations set out in the Service Level Agreement). After careful deliberations the
Parties agree that such Compensation is a genuine pre-estimate of the loss suffered by the Customer in the event of such failure. Interxion does not, implicitly or explicitly, undertake to achieve or warrant any results of the Services. The Customer
agrees that the Compensation shall be its sole and exclusive remedy for failure by Interxion to meet the Service Levels. 

 Clause
4  Service Fees, Payment Condition, Price increase 

	4.1	Customer shall make the payment of the Service Fees prior to the Due Date to the Interxion’s bank account as set out on the invoice, in the currency as indicated on the Services Form. The receipt of the payments by
Interxion and not its dispatch shall be decisive for ascertaining payment in time. 

	4.2	Interxion invoices the Service Fees as follows: 

	 	(a)	recurring fees, including, but not limited to the MRSF, shall be invoiced in advance at the beginning of each invoice period as indicated on the Service Form; 

	 	(b)	non-recurring fees, including, but not limited to the Setup and Installation fees, shall be invoiced in advance, at the beginning of each invoice period as indicated on the Services Form; 

	 	(c)	fees for Services that are calculated on the basis of usage or an hourly rate are invoiced in arrears. 

	4.3	The Service Fees shall be exclusive of any applicable VAT (or any similar tax in any relevant jurisdiction). 

	4.4	Any costs, charges, expenses, taxes and stamp duties (to the extent applicable) levied by a governmental organization in connection with the execution and/or implementation of the Agreement and/or the provision of
Services shall be borne by the Customer. 

	4.5	The Customer shall bear all costs for any changes that it requests Interxion to make to the Customer Space or the Interxion Facilities. 

	4.6	If the Customer fails to pay any due amount by the Due Date, it will be in default without any further Notice being required. In that event, all outstanding amounts, payable by the Customer under the Agreement, shall
become immediately due and payable and, notwithstanding any other right Interxion may have under the applicable law, Interxion shall be entitled to (1) charge the Customer interest, accruing daily on all due and unpaid amounts on the rate of
2 % per

	 	
annum above the legal interest rate for the applicable country calculated as from the Due Date and (2) compensation in respect of all costs connected with the recovery of its claim,
including all legal fees and expenses and VAT. 

	4.7	As a security for all claims Interxion holds with regard to a breach or faulty performance of the Agreement by the Customer, the Customer shall pay a safety deposit as indicated on the Services Form. In the event of a
breach of the Agreement, Interxion shall be entitled to forfeit the safety deposit in whole or in part. Payment of the safety deposit shall be made in cash, to Interxion’s bank account, stated on the Services Form. If Interxion (partly) claims
the safety deposit, the Customer is obliged to supplement the safety deposit to the amount as indicated on the Services Form. The safety deposit shall be paid before Customer is allowed access to the Interxion Premises. The safety deposit will be
returned no later than 2 (two) months from the day the Agreement has terminated, subject to the Customer having met all its obligations under the Agreement. In the event that the Service Fees are revised and adjusted in accordance with the Agreement
or in the event that the Customer agrees to purchase additional Services, the safety deposit shall be adjusted accordingly. The deposit does not pay interest to the advantage of the Customer. 

	4.8	Interxion has the right to increase the MRSF per 1 January of each calendar year, starting at least 6 months after the Effective Date, by the higher of (i) 3 (three) % or (ii) the percentage increase from
the preceding 12 (twelve) months in the official national price index as set forth in the Country Specific Special Regulations, or, if this index ceases to be published, any other retail price index published in substitution. Interxion is entitled
to charge increased MRSF with retrospective effect within 4 (four) months from the beginning of the year in which the increased price would have been charged on the basis of this Clause 4.8. 

	4.9	Notwithstanding any provision to the contrary in the Agreement, in the event that the market price for power usage (kWh) increases or the costs to Interxion of providing electricity (whether by the imposition of levies
taxes, carbon taxes or other means) increases, the fees with respect to power usage will be adjusted accordingly. 

 Clause
5  Financial Conditions 

	5.1	The Customer waives all rights to suspend any of its payment obligations for whatever reason, except for its rights to suspend with respect to claims that are undisputed between the Parties or that are upheld by a final
ruling of the competent court. 

	5.2	The Customer shall make all payments due under the Agreement in full and has no right to deduction whether by way of set-off, counterclaim, discount, abatement or otherwise unless: 

	 	(a)	the Customer has a valid court order of a competent court requiring payment by Interxion of an amount equal to such deduction to the Customer; or 

	 	(b)	to the extent the deduction concerns undisputed claims; or 

	 	(c)	the Customer is obliged by applicable law to make payments subject to deduction or withholding, in which case the sum payable shall be increased to the extent necessary to ensure that after the required deduction and
withholding Interxion receives a net sum equal to the sum which Interxion would have received if such deductions or withholding had not been required. 

	5.3	Each Party warrants to the other Party that it is in good financial standing and shall be able to meet its financial obligations under the Agreement. 

Clause 6  Liability 

	6.1	Without prejudice to Clause 6.2 and to the extent permitted by applicable law, the liability of either Party for damage arising under the Agreement per event or series of related events shall in any case be limited to
the higher of: (i) 3 (three) times the MRSF or (ii) euro 125,000, with a maximum of the higher of (i) 6 (six) times the MRSF or (ii) euro 250,000 in respect of all events arising in any 12 months period from (the anniversary of)
the Effective Date. 

	6.2	 Subject to any provision to the contrary in the Agreement, and to the extent permitted by applicable law, neither Party shall be liable to the other
Party for special, incidental, indirect, punitive or consequential damages, including, without limitation: loss of business, revenue, interest or profits, loss of use or data, loss of savings or anticipated savings, loss of investments, loss of
goodwill, loss of 

 

  

			
	Customer                     
Interxion                     Confidential	  	Page 8 of 23            

	 	
reputation or cost of capital or loss of extra administrative cost, or any other financial damages, or damages suffered or claimed by third parties, whether or not foreseeable, arising out or in
connection with the Agreement and regardless of whether such damages: 

	 	(a)	are caused by such Party itself or its employees’, contractors’ or subcontractors’; 

	 	(b)	are caused by an act, breach, omission, default or negligence; 

	 	(c)	are brought in an action based on contract, statue, equity, or tort including negligence or other legal theory. 

Clause 7  Force Majeure 

	7.1	If a Force Majeure Event occurs the affected Party shall not be liable to the other Party and shall be released from its affected obligations for the period of the Force Majeure Event. 

	7.2	The Party invoking this Clause 7 shall give Notice forthwith to the other Party upon becoming aware of a Force Majeure Event, such Notice to contain details of the circumstances giving rise to the occurrence and shall
use reasonable endeavors to mitigate the effect of the Force Majeure Event. 

	7.3	If a default due to a Force Majeure Event continues for more than 1 (one) calendar month, then the counter Party of the Party prevented shall be entitled to terminate the Agreement in respect of the Services that are
affected by the Force Majeure Event without a right to any compensation or repayment arising as a result. The Agreement will stay in force with regard to the Services that are not affected by the Force Majeure Event. 

Clause 8  Notices 

	8.1	A Notice shall be deemed received as of the following: 

	 	(a)	if delivered by hand, by special delivery or by registered mail: at the time of delivery; 

	 	(b)	if sent by fax: at the time of reception, if received during Business Hours of the recipient, or else one hour after commencement of the next Business Day; 

	 	(c)	if sent by e-mail: at the time of reception of such e-mail if received during Business Hours, or else one hour after commencement of the next Business Day. An e-mail shall be deemed to have reached the computer system
at the moment of its receipt as recorded in the receiving Party’s computer system, save where evidence to the contrary is adduced by the sending Party; 

	 	(d)	if delivered via a message in the Customer Portal: at the time of the display of the message. 

	8.2	In the event an e-mail is transmitted, the receiving Party shall acknowledge the receipt of an e-mail to the sending Party without undue delay. The mere fact that the sending Party does not receive acknowledgement of
receipt shall not affect the validity of the e-mail or its effects. 

 Clause 9  Confidentiality 

	9.1	Each Party undertakes that it will not use, divulge or communicate to any person, except to its professional representatives or advisers or to Interxion Affiliates, or to Customer Affiliates, or as may be required by
law or any legal or regulatory authority, any Confidential Information or information received by one Party (hereinafter referred to as: “Receiving Party”) from the other Party (hereinafter referred to as: “Disclosing Party”).
Each of the Parties shall use its reasonable endeavors to prevent the publication or disclosure of any Confidential Information concerning such matter. 

	9.2	The obligation as set forth in Clause 9.1 shall not apply to Confidential Information which: 

	 	(a)	is or becomes publicly available other than by unauthorized disclosure; 

	 	(b)	was provably known and in record at the Receiving Party prior to disclosure by the Disclosing Party; 

	 	(c)	is completely independently developed by the Receiving Party and prior to any such disclosure by the Disclosing Party, as evidenced by written records prepared prior to the Effective Date; 

	 	(d)	is ascertainable from a commercially available product; or 

	 	(e)	is disclosed pursuant to administrative or judicial action, provided that the Receiving Party shall use its best efforts to maintain the confidentiality of the Confidential Information and shall, immediately after
gaining knowledge or receiving notice of such action, notify the Disclosing Party thereof and give the Disclosing Party the opportunity to seek any legal remedies so as to maintain such Confidential Information in confidence.

 Clause 10  Permission to Subcontract 

	10.1	Interxion is entitled to subcontract all or part of its obligations under the Agreement, for example security, cleaning and maintenance. Interxion will remain responsible for the fulfillment of its obligations under the
Agreement. 

 Clause 11  Relationship 

	11.1	The Parties intend to record only rights and obligations between themselves in the Agreement. Therefore, the Agreement will not grant any right or protection to third parties. 

	11.2	The Customer shall indemnify and keep indemnified, hold harmless and defend Interxion in respect of any loss, damage or expense (including attorneys’ fees) resulting from any claim brought by customers of the
Customer (including the Connecting Customer) regarding the subject of the Agreement. 

	11.3	Nothing in these General Terms and Conditions or in other parts of the Agreement is intended to or shall operate to create nor shall be deemed to create any partnership, joint understanding or joint venture between the
Parties or to authorize either Party to act as agent for the other Party, and neither Party shall have authority to act in the name or on behalf of the other Party or to bind the other Party in any way (including but not limited to the making of any
representation or warranty, the assumption of any obligation or liability and the exercise of any right or power). 

 Clause
12  Assignment 

	12.1	Without prejudice to Clause 12.2 and 12.3, the Agreement is personal to both Parties and neither Party may assign, transfer, sublicense or otherwise part with the Agreement or any right or obligation under the Agreement
to any third party without the prior written consent of the other Party, such consent not to be unreasonably withheld or delayed. 

	12.2	The Customer shall be entitled to transfer the Agreement as well as any and all rights and obligations arising out of or in connection with the Agreement, upon serving Notice to Interxion, to a Customer Affiliate
provided that 1) the Customer Affiliate is and continues to be at least of equal financial standing as the Customer; and 2) the Customer continues to hold a majority of the voting rights and/or has the power to appoint the majority of the board. If
either condition is no longer met, the Agreement will be transferred back to the Customer. 

	12.3	Interxion shall be entitled to transfer the Agreement as well as any and all rights and obligations arising out of or in connection with the Agreement, upon serving Notice to Customer, to another Interxion Affiliate
provided that 1) the other Interxion Affiliate is and continues to be at least of equal financial standing as Interxion; and 2) Interxion Holding N.V. continues to hold a majority of the voting rights and/or has the power to appoint the majority of
the board. If either condition is no longer met, the Agreement will be transferred back to Interxion. 

 Clause 13  Termination

	13.1	Each Party may terminate the Agreement at any time by serving Notice with immediate effect in the event that: 

	 	(a)	the other Party makes an assignment of all or substantially all of its assets for the benefit of its creditors or the other Party makes a likewise arrangement for the benefit of its creditor; 

	 	(b)	the lease agreement between Interxion and its landlord is terminated, unless such termination is the result of a breach of the lease agreement by Interxion; 

	 	(c)	the other Party becomes insolvent, or voluntary or involuntary proceedings are instituted by or against such other Party under any applicable insolvency laws; 

	 	(d)	the other Party has been convicted of an offence concerning its professional conduct by a judgment that has the force of res judicata; 

	 	(e)	the other Party caused damages as a result of gross negligence or willful intent; or 

	 	(f)	the other Party liquidates. 

	13.2	Without prejudice to any other right either Party may have under the Agreement, each Party shall be entitled to terminate the Agreement or its obligations there under with immediate effect by serving Notice to the other
Party in the event that the other Party causes a material breach which (i) is not capable of remedy; or (ii) if capable of remedy and after receipt of a Notice requiring such breach or failure to be remedied, is not remedied within 14
(fourteen) calendar days from the date of such Notice. 

 

  

			
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	13.3	Any right to suspend its performance of the Agreement is without prejudice to the relevant Party’s right to terminate the Agreement. Termination of the Agreement shall not prejudice the rights accrued up to the
date of termination by either Party. 

	13.4	In the event that Interxion has not received the full payment of an invoice on the Due Date, Interxion will send a Notice to Customer, requiring such non-payment to be remedied. If the non-payment has not been remedied
within 14 (fourteen) days from the day that the Notice was sent, and without prejudice to any other right Interxion may have under the Agreement, Interxion has the right to suspend or terminate any and all Services (including the obligation to
provide the Customer Equipment with power) and deny the Customer access to the Interxion Premises, without incurring any liability. 

	13.5	Upon termination of the Agreement, either Party shall promptly and without charge to the other Party return to the other Party or destroy all Confidential Information including all copies thereof which are in its
possession or use at that time and provided in relation to the Agreement 

	13.6	Expiration or termination of the Agreement shall not prejudice the terms and conditions, which by their nature must be deemed to survive such to expiration of termination, including but not limited to Clauses 1, 4, 5,
6, 7, 9, 13, 15 and 17. 

 Clause 14  Occurrence 

	14.1	In the event that an Occurrence comes to the attention of either of the Parties, that Party shall immediately inform the other Party of this fact and, if possible, on a probable cause of the Occurrence.

	14.2	Promptly upon receipt of such information as referred to in Clause 14.1 hereof, the Customer shall: 

	 	(a)	at its own costs initiate all reasonable measures and commit all such actions using all reasonable efforts to remove, repair, correct, undo or in any other way discontinue the fault or defect that causes the Occurrence,
and inform Interxion by Notice of the measures taken in this respect; 

	 	(b)	keep Interxion informed by Notice of the progress made in relation to the measures and actions as referred to under (a); and 

	 	(c)	promptly upon completion of the measures and actions as referred to under (a), inform Interxion by Notice of such completion and its results. 

	14.3	If the Customer fails to correct the fault or defect that causes or may cause the Occurrence, or fails to do this within a period Interxion considers reasonable, or in case immediate action is required, at the sole
discretion of Interxion, Interxion is entitled to correct such fault or defect itself, at the costs of the Customer. 

	14.4	Interxion may, at its sole discretion and without incurring any liability, for example in cases of emergency and if access is likely to cause physical harm to Customer or its employees, agents or contractors, or other
customers of Interxion suspend the Customer’s access to the relevant Customer Space or to the Interxion Premises. Interxion shall at all times, endeavour to minimize any such suspension of Customer’s access and further consider the likely
impact of any such suspension on Customer’s business operations and solicit Customer’s input in that respect. During the period that Customer’s access to the relevant Customer Space or to the Interxion Premises is suspended on the
basis of this Clause 14.4, the Customers’ obligations on the basis of Clause 14.2 (a) are not applicable, provided that access to the Customer Space is critical to comply with these obligations. 

Clause 15  Customer rights and obligations 

	  	Access 

	15.1	The Customer’s personnel and third parties, appointed by the Customer as “owning a permanent right of access”, and to whom the Customer has provided access passes as described in the Interxion House
Rules, shall (without prior Notice being required) be entitled to enter the Interxion Premises, for the purpose of: 

	 	(a)	inspecting or installing the Customer Equipment, or 

	 	(b)	carrying out all necessary maintenance and repair to the Customer Equipment which Interxion is not obliged to provide under the Agreement. 

	15.2	Customer’s personnel, not appointed by the Customer as “owning a permanent right of access” and third parties shall be granted access:

	 	(a)	under normal circumstances upon 24 (twenty four) hours’ Notice from the Customer to the ECSC, and 

	 	(b)	in case of (at the discretion of Interxion) urgency upon 30 (thirty) minutes’ Notice by the Customer to ECSC, stating the reason for urgency. 

Customer can also arrange access through the Interxion Customer Portal. Customer shall follow all instructions of Interxion with respect to
access to the Interxion Premises, including but not limited to the instructions described in the Interxion House Rules and the Customer Welcome Pack. 

	15.3	The Customer shall allow Interxion access to the Customer Space to the extent reasonably required by Interxion for any installation, inspection or maintenance. 

	15.4	In the performance of its obligations under the Agreement, Interxion may process, acting as a Processor under Directive 95/46/EC of the European Parliament and of the Council of 24 October 1995 on the protection of
individuals with regard to the processing of personal data and on the free movement of such data (“Data Directive”), personal data of personnel and third parties that are granted access to the Interxion Premises by the Customer. The
Customer, acting as a Controller, and Interxion acting as a Processor under the Data Directive, will comply with the Data Directive and any local data protection legislation. 

Customer Equipment 

	15.5	At any time during the term of the Agreement, the Customer shall ensure that all Customer Equipment is safe and fit for its purpose and that it will not cause any damage to any property, equipment, facility or software
belonging to or used by Interxion or any other customer or other third parties, and that it will not hinder or impede the provision of services to any of Interxion’s customers. 

Insurance 

	15.6	Customer warrants to Interxion that, at any time during the term of the Agreement, it has in place a valid and sufficient liability insurance covering damage, in accordance with and appropriate to the nature and extent
of its business activities, and should in any case cover damage to the Interxion Premises, the Interxion Facilities, and any other equipment and goods of Interxion or of its customers or other third parties. Additionally, the Customer, at any time
during the term of the Agreement, will have the Customer Equipment sufficiently insured against, inter alia, physical damage and theft by way of a property damage insurance. In the event of damage to the Customer Equipment, the Customer shall in the
first instance claim the damages under its own insurance. 

 Usage of Customer Space 

	15.7	The Customer Space shall only be used for the purpose(s) as agreed upon under the Agreement. 

	15.8	The Customer may only allow the use of the Customer Space by third parties upon prior written approval from Interxion which shall not be unreasonably be withheld. 

	15.9	Customer shall comply with the Interxion House Rules. 

 Technical Conditions 

	15.10	The Customer warrants that the Customer Equipment: 

	 	(a)	is certified for the purposes intended and complies with relevant national and international standards, as from time to time amended and/or supplemented; 

	 	(b)	is constructed, installed and maintained in such a way that failure and/or damage will not harm any other equipment or the operation of that other equipment, or endanger any personnel; and 

	 	(c)	conforms to all restrictions and complies with the Interxion House Rules. 

	15.11	The Customer shall have the sole responsibility for the fitting and installation of the Customer Equipment in accordance with the Interxion House Rules by its own personnel or third parties at its own risk and costs.

	15.12	If the Customer has caused an alarm or a gas-fire extinguishing, Interxion has the right to perform a thorough investigation of any such incident and the Customer shall cooperate fully with such investigation. Any
reasonable costs incurred by Interxion in this respect shall be borne by the Customer. 

	15.13	The Customer acknowledges that Interxion has no control over any software applications and/or data running on or through the Customer Equipment. 

	15.14	The Customer shall have the sole responsibility over any software applications and/or data running on or through the Customer Equipment and shall be solely responsible for any loss or damage resulting from such
applications and/or data. 

 Equipment Delivery 

	15.15	 The Customer shall inform the ECSC at least 1 (one) Business Day in advance of the delivery, fitting or installation

 

  

			
	Customer                     
Interxion                     Confidential	  	Page 10 of 23            

	 	
of the Customer Equipment. The Customer shall bear all costs for deliveries outside Business Hours. 

Cabling 

	15.16	All cabling at the Interxion Premises by or on behalf of the Customer may only take place after prior written approval of Interxion and shall only follow the routes designated by Interxion in its instructions.

 Maintenance of Customer equipment 

	15.17	If the Customer wishes to carry out maintenance activities with regard to the Customer Equipment (whether carried out by Customer’s personnel or third parties appointed by the Customer for such purposes), it shall
always inform Interxion hereof if the activities may disable, interrupt or otherwise interfere with the Services provided by Interxion. The Customer shall inform Interxion of the date, start time and end time of the maintenance activities at least
10 (ten) calendar days in advance. 

 Obligations upon termination 

	15.18	Upon termination of the Agreement, the Customer shall have removed all Customer Equipment at its own risk and costs. The Customer shall pay for restoring the Customer Space, or any other part of the Interxion Premises
used by the Customer, to the same condition as they were provided to the Customer at the Effective Date (except for normal wear and tear). For every month, or part thereof, that the Customer has failed to meet the obligations as set forth in this
Clause 15.18, the Customer will be obliged to pay Interxion damages that amount to twice the MRSF as they were the month before the termination. 

	15.19	If the Customer fails to remove the Customer Equipment or to restore the Customer Space by the date the Agreement terminates, Interxion shall have the right, at the Customer’s expenses, to: 

	 	(a)	remove the Customer Equipment from the Interxion Premises; 

	 	(b)	restore the Customer Space itself; 

	 	(c)	deliver the Customer Equipment to the Customer at the address stated on the Services Form; and 

	 	(d)	reinstate the Customer Space or any other part of the Interxion Premises used by the Customer to the same condition they were in at the Effective Date. 

	15.20	Interxion shall be entitled, at its sole discretion, to engage third party contractors to carry out the activities described in Clause 15.19 and to pass on any invoices from such third party contractors to the Customer
who will pay for all reasonable charges appearing on such invoices. The Customer will not hold Interxion liable for and waives any right to claim damages with regard to damage to or loss of the Customer Equipment after the Agreement has terminated.

	15.21	The Customer shall reimburse all costs, damages and expenses incurred by Interxion in connection with Clause 15.18, 15.19 and 15.20 to Interxion within 14 (fourteen) calendar days of receipt of the invoice detailing
such costs and expenses. 

 Statutory conditions 

	15.22	The Customer shall at its own cost apply for, possess and maintain any authorization, license, registration, and/or permit which is required to enable it to conduct its respective businesses and to use the Services. The
Customer shall comply with the conditions as set forth in such authorization, license or permit and shall indemnify and keep indemnified Interxion for any claim by a third party in respect of damages, losses or costs suffered, due to the
Customer’s non-compliance with the aforementioned obligations. 

 Clause 16  Interxion rights and obligations 

Operation of environmental controls 

	16.1	Interxion shall ensure that the air conditioning and other environmental controls in the Interxion Premises provide a suitable environment for the operation of the Customer Equipment in accordance with the Service
Levels as reflected in the SLA. 

 Maintenance of the Interxion Facilities 

	16.2	Interxion shall, from time to time, carry out preventive maintenance on the Interxion Facilities at no charge to the Customer. Such preventive maintenance includes changes necessitated by technical developments.

	16.3	Interxion will perform normal maintenance and cleaning in the Interxion Premises and the Customer will allow Interxion staff access to the Customer Space to perform its obligations as stipulated in this Clause 16.

	16.4	Interxion shall, in the event of expected Service interruptions due to maintenance activities which are scheduled in

	 	
advance, notify the Customer 10 (ten) Business Days in advance. Interxion shall discuss its long-term maintenance schedule with the Customer on a regular basis with a view to minimize
disturbances and to allow the Customer to schedule its own preventive maintenance accordingly. 

	16.5	Interxion shall, unless otherwise agreed between the Parties, carry out Service interrupting maintenance activities to the Interxion Facilities between 23:00 local time and 07:00 local time, unless, in Interxion’s
reasonable opinion, an emergency situation exists requiring essential maintenance activities to occur outside these hours. The Customer will be immediately informed by Notice of the occurrence of such an emergency situation. 

Ownership of Customer Equipment 

	16.6	Under no condition shall the Agreement vest any rights in Interxion with respect to Customer Equipment, unless the Agreement explicitly stipulates otherwise. Interxion is not entitled to use Customer Equipment for its
own purposes. Interxion shall not remove, alter or obscure any proprietary notices from the Customer Equipment. 

 Clause
17  Miscellaneous 

	17.1	If any provision in the Agreement becomes invalid, illegal, unenforceable or is declared null and void for whatever reason, the remaining provisions shall remain in full force and effect. The Parties shall consult each
other in order to replace the affected provision and shall agree on a new provision, which approximates the aim and purport of affected provision as closely as possible. 

	17.2	The failure on the part of either Party to exercise, or any delay in exercising, any right or remedy hereunder shall not operate as a waiver thereof; nor shall any single or partial exercise of any right or remedy
hereunder preclude any other or future exercise thereof or the exercise of any other remedy granted hereby or by any related document or by law. 

	17.3	Any amendments, modifications, additions, supplements and other changes to any provision of the Agreement shall only be binding on the Parties if they are made in writing and signed by a duly authorized representative
of each of the Parties. Notwithstanding the foregoing, Interxion may amend or supplement the Agreement, including the Annexes and Schedules hereto, without having to obtain the prior written consent of the Customer, to the extent that such
amendments or supplements contain non-material changes or changes in order to reflect: 

	 	(a)	technical and/or operational matters, provided that such changes do not materially affect the Services; and/or 

	 	(b)	changes in applicable law, regulations or codes of conduct. 

	17.4	The Agreement shall be governed by, and construed in accordance with the law as set forth in the Country Specific Special Regulations. Interxion and the Customer irrevocably submit to the exclusive jurisdiction of the
competent courts as set forth in the Country Specific Special Regulations. 

 

  

			
	Customer                     
Interxion                     Confidential	  	Page 11 of 23            

 Annex 2: Interxion Services Schedules, version 2013-1 

Content: 
 Schedule 1: Services Description 

Schedule 2: Service Level Agreement 
 Schedule 3:
Customer Equipment Power Connection Diagram 
 Schedule 4: Interxion House Rules 

Schedule 1: Services Description 
 Clause 1 Introduction

 This Schedule describes the Services Interxion may provide to the Customer under a Services Form. 

Clause 2 Equipment Housing Services 
 Clause 2.1 Customer
Space 
 Interxion may provide Customer four different options for the provision of Customer Space: 

1. Private Room – A Private Room provides dedicated space at the Interxion Premises. 

Characteristics: 

	 	Ø	 	may be tailored to the Customers’ specific needs; 

	 	Ø	 	is a dedicated, climate controlled area; with a room-dedicated smoke and fire detection system and a room-dedicated fire suppression system connected to the central Interxion system; 

	 	Ø	 	is secured from other customers’ areas by walls, installed between slab and ceiling; 

	 	Ø	 	contains an exclusively dedicated power distribution unit; 

	 	Ø	 	has a room-dedicated access control system connected to the central Interxion access control system. 

 2.
Suite – A Suite provides dedicated space at the Interxion Premises. 
 Characteristics: 

	 	Ø	 	may be tailored to the Customers’ specific needs; 

	 	Ø	 	is located inside a shared climate controlled area and shared smoke and fire detections system and shared fire suppression system; 

	 	Ø	 	is secured from other customers’ areas by walls, installed between slab and ceiling, while (i) the area below the raised floor; and (ii) a large part underneath the ceiling consist of a mesh wire area,
allowing to share cooling and fire protection systems; 

	 	Ø	 	may contain an exclusively dedicated power distribution unit; 

	 	Ø	 	has a room-dedicated access control system connected to the central Interxion access control system. 

 3. Cage
– A Cage provides space separated from other customers, within a shared area at the Interxion Premises. 
 Characteristics: 

	 	Ø	 	a shared power distribution; 

	 	Ø	 	a shared climate control; 

	 	Ø	 	a shared common area access control system; 

	 	Ø	 	is secured from other customers’ areas by cage walls, secured by a door with lock. 

 4. Cabinet Space
– Cabinet Space offers a dedicated footprint to install Equipment Cabinets at the Interxion Premises. 
 Characteristics: 

	 	Ø	 	a shared area for an Equipment Cabinet, adjacent to other customers’ equipment cabinets; 

	 	Ø	 	power feed, dedicated to each separate Equipment Cabinet, coming from a shared power distribution unit; 

	 	Ø	 	may include cable trays. 

 Clause 2.2 Power 

The Interxion Premises is equipped with a power infrastructure, including diesel generators with fuel storage, Uninterruptible Power Supply (UPS) systems,
various redundant elements in the distribution network throughout the Interxion Premises, as well as effective escalation procedures and 24x7 support. The Customer Space provides the following power options that may vary per Interxion Premises due
to local customs and/or regulations: 
  

	 	Ø	 	AC power voltage: 230 Volt single phase or 400 Volt three phase; 

	 	Ø	 	AC 230 V power breakers: 6, 16 or 32 Ampere (Zurich 13 Ampere); 

	 	Ø	 	DC power voltage: 48 Volt, DC power breakers: various sizes. 

 Power is provided per plug or plug set which
Interxion installs under the raised floor at the location of the cabinet position or at such points in a Private Room, Suite, Cage or Cabinet Space, as requested by the Customer. The point of supply of the AC and DC power is at the installed plug or
plug set, as indicated in the Customer Equipment Power Connection Diagram, Schedule 3, by “SLA Demarcation Line”. 
 Interxion shall not be liable
for any damages caused by the (lack of) distribution of power beyond the SLA Demarcation Line. Interxion shall not be liable for any damages caused by the (lack of) distribution of power if and to the extent, the current, drawn from the plug set,
exceeds a total maximum continuous load of 70% from one, rated MCB (Miniature Circuit Breaker). Customer shall not exceed the total maximum of continuous load of 70% from one rated MCB. Breach of the aforesaid constitutes a material breach. 

Example: The total continuous current, drawn from a 16 Amp breaker plug set, shall not exceed a maximum of 11.2 Amp. 

Compliance with this requirement can be measured by Interxion using one of the following methods: 

 

	 	Ø	 	Manual check with a clamp meter measuring and confirming the contractually agreed continuous current in Amps. 

	 	Ø	 	Reading of the kWh meters (11.2 A * 230V* 24hrs * 30 days/1000 = 1,855 kWh/month). 

  

			
	Customer                     
Interxion                     Confidential	  	Page 12 of 23            

 Power usage is either included as a flat rate in the monthly rental charges for the plug or plug set, or is
measured separately by a customer specific kWh meter. Private Rooms and Suites are by default equipped with a kWh meter. Cages and Cabinet Space positions do not have kWh meters, although these can be installed on request at additional cost to the
Customer. In case of a Customer specific kWh meter, power usage is metered and charged according to the terms and the price as stipulated in the Services Form. 

Interxion offers the following three different Services regarding power supply to meet the Customers’ individual equipment housing needs: 

Basic – One socket outlet per cabinet, supplied by an UPS system. Input power for the UPS system is provided by the commercial power supply system,
which is backed up by stand-by generator(s). 
 Standard – Two socket outlets per cabinet. One socket is supplied by an UPS system. The other
socket, serving as a back-up, is supplied by a normal (interruptible) power supply system. Input power for both systems is provided by the commercial power supply system, which is backed up by stand-by generator(s). DC power is provided by two feeds
from one N+1 redundant DC system. 
 Advanced – Two socket outlets per cabinet. One socket is supplied by an UPS system. The other socket, serving
as back-up is supplied by a separate but identical UPS system. Input power for the two UPS systems is provided by the commercial power supply system, which is backed up by stand-by generator(s). 

Clause 2.3 Fire protection 
 The Interxion Premises is
equipped with smoke/fire detection systems. Additionally, the Customer Space is secured by gas-based fire suppression systems as a first-line defence against fire. Which specific detection and suppression system (including the type of gas used) is
used depends on the national regulations applicable to the location of the Interxion Premises. These systems are automatic and monitored 24x7. The Interxion Premises is also equipped with hand-held
CO2 fire extinguishing systems, in accordance with local fire regulations. For additional protection from fire, Interxion operates Very Early Smoke Detection Alarm (VESDA) systems. In case of
fire, this system immediately alerts Interxion staff of the presence of smoke allowing it to take appropriate action. 
 Clause 2.4 Security 

Interxion has implemented strict procedures to protect Customer’s Equipment. The Interxion Premises is designed as “building within a building”,
and is protected by an electronic intruder system and security guards monitoring 24x7. Proof of identity is mandatory for visitors and is checked against customer-defined access lists. All visits are logged and video surveillance cameras monitor all
doors of the Interxion Premises within the secured areas. 
 Clause 2.5 Access 

Customer’s personnel, not appointed by the Customer as “owning a permanent right of access” and third parties shall be granted access: 

(a) under normal circumstances upon 24 (twenty four) hours’ Notice from the Customer to the ECSC; and 

(b) in case of (at the discretion of Interxion) urgency upon 30 (thirty) minutes’ Notice by the Customer to ECSC, stating the reason for urgency. 

Customer can also arrange access through the Customer Portal. Customer shall follow all instructions of Interxion with respect to access to the Interxion
Premises, including but not limited to the instructions described in the Interxion House Rules and the Customer Welcome Pack. 
 Clause 2.6 Structured
Cabling 
 Structured Cabling (redundant cabling) is installed in accordance with industry standard performance specifications. In case of a cable failure
Interxion will provide emergency patches. If the Customer has purchased Hands & Eyes Service, the Customer can call the ECSC 24x7 for trouble shooting support. 

Clause 3    Cross Connect Service 

Clause 3.1 Cross Connect 
 The Cross Connect Service provides
a connection between the Customer and the Connecting Customer within the Interxion Premises from the Customer Patch Panel via the Interxion Patch Panel. In cities where Interxion is operating multiple data centres, Customer can also opt for a Campus
Cross Connect between various Interxion Premises in the same city. 
 Clause 3.2 Cross Connect architecture 

The Cross Connect architecture deployed by Interxion consists of a number of elements. These elements combine to form the end-to-end connection between a
Customer and a Connecting Customer. 
 All Cross Connects are established via the Interxion Patch Panel and all cabling is being routed from Customer
locations within the Interxion Premises to the Interxion Patch Panel. The Interxion Patch Panel is located in a highly secure and neutral area, where the actual physical interconnects are established between the Customer and Connecting Customer and
which is only accessible by authorised Interxion personnel. The Cross Connect Services and Interxion’s liability arising from the provision of the Cross Connect Services and limited by the Agreement, terminate at the Customer Patch Panel (the
so-called “Demarcation Point”). 
 The elements included in the Cross Connect Services are: 

	 	Ø	 	Interxion Customer Patch Panel – this is installed at the Customer Space within the Interxion Premises; 

	 	Ø	 	Pre-Cabling – this is routed from the Customer Space to the Interxion Patch Panel via cable trays; 

	 	Ø	 	Interxion Patch Panel – Interxion managed patch panel in an Interxion managed and secured area, from where the Cross Connects are established between the Customer and the Connecting Customer. 

The Cross Connect architecture is as illustrated here below: 
  

 

  

			
	Customer                     
Interxion                     Confidential	  	Page 13 of 23            

 Clause 3.3 Pre-Cabling 

In order to establish a Cross Connect within the Interxion Premises, Customers are required to be present at the Interxion Patch Panel, which is the Interxion
managed and secured area where the Cross Connects between Customers are established. Customers secure this presence by ordering Pre-Cabling in one of the available media types (Coax, Copper Twisted Pair or Fiber). The number of cables per
Pre-Cabling depends on the bundle and media type selected. The Pre-Cabling implies the charging of a one-off set up fee. Once the Pre-Cabling is installed the Customer can order Cross Connects. The Pre-Cabling also allows for future changes to or
migration of the Cross-Connects without the need to replace all of the cabling end-to-end. The average lead-time for the installation of Pre-Cabling is 15 (fifteen) Business Days. As part of the installation of the Pre-Cabling, Interxion installs a
Customer Patch Panel into Customer Space, at the area, specified by the Customer. It is the obligation of the Customer to provide sufficient space, typically a 1 (one) unit or 2 (two) unit space, for the implementation of the Cross Connect. 

Clause 3.4 Cross Connect Order 
 As soon as the Customer
wants to activate a Cross Connect, the Customer will have to complete a CCOF (Cross Connect Order Form) and return this to the ECSC. The Connecting Customer will be requested to confirm its approval to the installation of the Cross Connect by
returning a form to the ECSC. After receipt of the CCOF and the confirmation of the Connecting Customer, Interxion will implement the Cross Connect. Following the successful testing of the Cross Connect, the Customer will be charged with a monthly
recurring service fee. 
 Clause 3.5 Customer Patch 
 The
Cross Connect Service does not include the installation of cabling within the Customer Space. The Customer may opt for a Customer Patch, requesting Interxion to connect the established Cross Connect from the Customer Patch Panel to the Customer
Equipment. Establishing the Customer Patch is a one-off service provided by Interxion, and is charged with a one-off fee. The Customer Patch is not included in the Cross Connect Service. Following the installation of the Customer Patch it is
Customer’s responsibility to manage and maintain this connection, if the Customer has purchased Hands & Eyes Services from Interxion, it can call on Interxion to perform any changes or trouble shooting on the Customer Patch. 

Clause 3.6 Ordering Cross Connect Service 
 The Customer can,
during the term of the Agreement, order (additional) Cross Connect Services by using the CCOF. To order a Cross Connect 
 Service, the Customer shall send a
CCOF, of which the Customer’s part is fully completed, to Interxion. The Customer shall provide Interxion with the confirmation of the approval of the Connecting Customer. After receipt by Interxion of such confirmation, Interxion shall
complete the last part of the CCOF and send it to the Customer and, after receipt of Customer’s confirmation, will start installing the requested Cross Connect Service. The Customer will grant Interxion access to the Customer Space in order to
perform the necessary installation or dismantling activities, upon 24 hours’ Notice. 
 Subject to Interxion having been granted timely access by the
Connecting Customer to its Customer Space for the installation of the Cross Connect Service, Interxion will deliver the Cross Connect Service within 3 (three) Business Days from completion of the CCOF by Interxion as sent to the Customer. Interxion
will send the Customer a confirmation of delivery of the Cross Connect Service. If the Customer accepts the Cross Connect Service it will sign the confirmation of delivery of the Cross Connect Service. If the Customer does not accept the Cross
Connect Service it will inform Interxion by Notice of the reason of non-acceptance (“Notice of Non-Acceptance Cross Connect”). If Interxion has not received the signed confirmation of delivery of the Cross Connect Service or the Notice of
Non-Acceptance Cross Connect within 3 (three) Business Days from the date of the conformation of delivery of the Cross Connect Service, the Cross Connect Service shall be deemed to be delivered (“Delivery Date”). In the event of defect to
the Cross Connect, the Customer will send a Notice to Interxion. Interxion shall repair the Cross Connect in accordance with the SLA. Through the first invoice the Customer receives from the Delivery Date, Interxion shall charge the MRSF related to
Cross Connect Service in the period preceding the invoice, as well as charge the MRSF related to Cross Connect Service for the next period in advance. 

Clause 3.7 Changes to the Cross Connect and termination 
 The
Customer and the Connecting Customer shall refrain from making any changes to the Cross Connect. If the Customer requests any such changes to be made by Interxion it shall inform Interxion by Notice at least 72 (seventy-two) hours before the changes
are deemed to be made. The Customer shall bear all costs connected to the implementation of such changes. 
 During the term of the Agreement the Cross
Connect Service can be terminated by Customer at any time by giving Interxion 1 (one) months advance Notice. 
 Clause 3.8 Connecting Customer 

The Customer may qualify as a Connecting Customer due to a CCOF received by Interxion from another customer. By granting Interxion access to its Customer Space
for the installation of the Cross Connect as requested under such CCOF such Customer (in his capacity of Connecting Customer): 

	(a)	will grant such access to its Customer Space in order to perform the necessary installation or dismantling activities, upon 24 hours’ Notice; 

	(b)	shall be deemed to have accepted the installation of the Cross Connect, without any further internal authorization from the Customer being required; 

	(c)	confirms that in relation to the provision of such Cross Connect Service, it has no contractual relationship with Interxion regarding the provision of such Cross Connect Services; and 

	(d)	confirms that Interxion is not liable for any damages, costs, charges and expenses incurred by the Connecting Customer and resulting from or arising out of the performance of such Cross Connect Services.

 Clause 4  Hands & Eyes Service 

With its Hands & Eyes Service, which can be provided to customers that purchase the Equipment Housing Service, Interxion provides certain types of
support to the Customer Equipment. The Hands & Eyes Service can be provided at the request of the Customer, such request is to be addressed to the ECSC. The options for Hands & Eyes Service are Rapid Response Service and Pre
Scheduled Work Service. The Hands & Eyes Service is performed using skill, diligence and care, and taking all reasonable measures to provide the Hands & Eyes Service with reasonable endeavors. Notwithstanding the previous sentence,
Interxion does not, implicitly or explicitly, undertake to achieve or warrant any result of any Hands & Eyes Service performed, except for the results marked as “Service Level” in the SLA. 

Clause 4.1 Rapid Response Service 
 Rapid Response Service is
the Hands & Eyes Service in the form of an immediate response, providing Customer: 

	 	Ø	 	during Business Hours with an Engineer at the Customer Equipment within a response time as stipulated in the SLA; 

	 	Ø	 	outside Business Hours with an Engineer by phone within a response time as stipulated in the SLA. 

 All requests
must be submitted to the ECSC by e-mail or via the Customer Portal. 
 When present at the Customer Equipment, Engineers provide basic support on the Customer
Equipment, such as basic configuration of systems (e.g. via console and telnet session), power on, power off equipment, setting switches, pushing buttons and reading displays. 

Rapid Response Service is provided on Customer Equipment, of any make or model, provided the Customer gives specific instructions on the work that needs to be
done. The Engineer has general knowledge of providing support on ICT equipment. 
 Customers pay as they use based on a pre-agreed hourly rate that is
reflected in the Agreement. Interxion will charge Customer for a minimum of 1 (one) hour, thereafter for 30-minute increments. 

  

			
	Customer                     
Interxion                     Confidential	  	Page 14 of 23            

 Clause 4.2 Pre Scheduled Work Service 

For requests that are made for future or complex requests, Interxion can provide the Customer with an estimated budget and time planning for the work requested.
After acceptance by the Customer of the estimated budget and time planning, Interxion, acting as the Customer-supervised hands, will provide the work requested. This work may include maintenance, installation work, configuration or troubleshooting.
Interxion can produce, in conjunction with the Customer, run books and/or cabinet documentation to provide support to the Customer’s operation. An allowance of time can be agreed for the run books and/or documentation to be produced. Interxion
will perform such requests during Business Hours only, unless otherwise agreed upon between the Parties. 
 Clause 4.3 Standby Fees and Blocks of Hours

 Customers who require regular interventions on their equipment (during or outside of office hours) may reduce the hourly charge for any
Hands & Eyes intervention by signing up to a monthly standby fee paid in advance. 
 Customers who anticipate a minimum number of Hands &
Eyes interventions a month may also lower the hourly rate of charge by booking Blocks of Hours. The Blocks of Hours can be used for any Hands & Eyes intervention throughout the month. Unused hours from the block at the end of a calendar
month cannot be transferred to the next month. 
 Clause 4.4 Special tools 

Interxion has no obligation to provide the Engineer or the Customer with any special tools or any spare parts to the Customer Equipment in order to perform the
Hands & Eyes Services. Customer shall be solely responsible for the availability of such special tools or spare parts to the Engineer. 
 Clause
4.5 Damages to third parties or damage properties of third parties 
 Customer shall indemnify Interxion for any and all liabilities, damages, costs,
charges and expenses incurred by Interxion resulting from or arising out of or in connection with any damages to third parties or properties of third parties in the performance of the Hands & Eyes Services, unless Interxion has not acted in
compliance with Customer’s instructions, of which non-compliance the Customer bears the burden of proof. 
 Clause 4.6 implementation and installation
of Customer Equipment 
 The Customer shall at all times remain responsible for implementation and installation of Customer Equipment. Interxion shall
not, by the mere fact that it has assisted in the implementation and/or installation pursuant to the Hand & Eyes Service, be responsible or liable for the results of such implementation and/or installation. 

Clause 5  Customer Portal Service 
 The Customer
Portal is aimed at enhancing the customer experience when interacting with Interxion. The Customer Portal allows Customer Contacts as registered by the Customer at Interxion ECSC to perform a variety of tasks and enquiries related to the Services.
Interxion may include additional functionality in the Customer Portal in the future. Currently, the portal functionality includes inter alia: 

	 	Ø	 	creating and viewing the status of common ticket types (temporary access, deliveries, removals, hands & eyes, enquiries) 

	 	Ø	 	contact management (including changes to authorisation lists) 

	 	Ø	 	news and event content from Interxion 

 The Customer Portal Service is provided free of charge to Customers.
Interxion focuses its efforts on maximum availability of the Customer Portal. However, Interxion’s service offering does not include a permanent, error-free availability of the Customer Portal Service. In particular, Interxion does not warrant
that the Customer Portal Service is free of system-induced failures, interruption and/or disturbance. 
 The Customer Portal Service allows Customer Contacts
to give legally binding declarations that bind Customer and allows Interxion to give legally binding declarations that bind Interxion. Interxion’s and Customer’s right to give legally binding declarations with respect to the Services by
other means than the Customer Portal Service remains unaffected. 
 The Services accessed via the Customer Portal Service and all tickets raised via the
Customer Portal Service are subject to the terms and conditions of the respective Service as laid down in this Agreement or in other Interxion documents. 

Clause 5.1 Security and Accessibility 
 The Customer Portal
uses industry-standard best practices such as 128-bit SSL (secure socket layer encryption) to protect Customers’ and Customer Contact’s privacy. The Customer Portal can be accessed from any internet connected computer with a modern
web-browser. In order to use the Customer Portal Service, the Customer Contact must sign in using the password provided by Interxion. 
 Clause 5.2
Interxion Customer Portal Terms and Conditions 
 Customer accepts that the use of the Customer Portal by the Customer Contact is governed by the
Interxion Customer Portal Terms and Conditions which are available on the Customer Portal. Notwithstanding anything to the contrary in the Agreement and the Customer Portal Terms and Conditions, Customer is responsible and liable for all activities
that occur under Customer’s account, including but not limited to the legally binding declarations mentioned above and payments for any orders that are placed via Customer’s account, regardless of whether such activities are conducted by a
Customer Contact or any other party. Customer shall indemnify and keep indemnified, hold harmless and defend Interxion in respect of any loss, damage or expense (including attorneys’ fees) resulting from any claim brought by third parties
resulting from or arising out of or in connection with Customer Contact’s breach of the Interxion Customer Portal Terms and Conditions. 
 Clause 5.3
Content presented on the Customer Portal 
 Interxion selects the content presented on the Customer Portal and it is at Interxion’s option whether
Interxion provides content at all. Availability of certain information is not part of the Customer Portal Service. 
 The content published on the Customer
Portal, in particular but not limited to texts, pictures, layout, software and structure of the Customer Portal, is protected by intellectual property rights. The reproduction or other utilization or exploitation of content or data (even in
extracts), protected by intellectual property rights, in particular all kinds of use of texts, parts of texts or picture- and video materials, the modification and distribution are only permitted with prior written approval of Interxion or the
respective rights holders. Customer Contacts may however use the content for the purposes of using the Customer Portal Service in accordance with the Interxion Customer Portal Terms and Conditions. 

Clause 5.4 Access and access list 
 Customer shall be
responsible to keep the access list with the names of the Customer Contacts that are allowed to access the Premises or that are allowed to authorize other persons to access the Premises up to date. Interxion shall not be responsible for any damage
or loss caused by Customer’s non-compliance with these obligations. 
 Interxion may terminate Customer’s access to and use of the Customer Portal
(a) at any time without cause upon 14 calendar days prior notice, or (b) immediately without notice, upon termination of the Agreement. Clause 13 of the General Terms and Conditions (Termination) remains unaffected. 

Clause 5.5 Unauthorised access 
 Interxion shall not be
responsible for damage or loss caused by unauthorized access to the Customer Portal. Customer shall change the passwords regularly in order to prevent unauthorized access. Customer shall immediately report security incidents with respect to
login/password data to Interxion. 

  

			
	Customer                     
Interxion                     Confidential	  	Page 15 of 23            

 Clause 5.6 Group email addresses 

Interxion strongly recommends that Customers do not use group email addresses (i.e. email addresses that represent a group of employees) that allow access to
the Customer Portal for security and traceability reasons. In case Customer nevertheless uses group email addresses, Customer shall (i) be responsible to change the password immediately once an employee leaves such a group and/or
Customer’s company, (ii) make available the Interxion Customer Portal Terms and Conditions to all members of the group, (iii) only allow access to the Customer Portal once the respective employee has accepted the Interxion Customer
Portal Terms and Conditions in writing, and (iv) send the employee’s written acceptance of the Interxion Customer Portal Terms and Conditions to Interxion. 

Clause 5.7 Liability Customer Portal 
 (a) Customer
acknowledges that the use of the Customer Portal is at Customer’s sole risk. To the extent permitted by applicable law, the liability of Interxion to Customer under Customer Portal Service is limited to direct damages up to euro 500 per
event and euro 1,000 in respect of all events arising in any 12months period from (the anniversary of) the Effective Date, irrespective of whether the liability is based on breach of contract, tort, strict liability, breach of warranties, or any
other legal theory, including negligence. 
 (b) To the extent permitted by applicable law, Interxion will not be liable for any indirect damages (including,
but not limited to, consequential or indirect damages, lost data, damages for lost profits or revenues, business interruption, or loss of business information). 

(c) This limitation will not apply to liability arising in connection with the Customer Portal Service for damage caused by Interxion’s willful misconduct,
or to liability for personal injury or death caused by Interxion’s negligence. 
 (d) The Customer shall indemnify and keep indemnified, hold harmless
and defend Interxion in respect of any loss, damage or expense (including attorneys’ fees) resulting from any claim brought by third parties (including customers of the Customer) regarding the provision by Interxion to Customer of the Customer
Portal Service. 
 (e) Customer is obliged to provide Interxion immediately, correctly, and completely with all information that is necessary for the
verification of the claims asserted and for a corresponding legal defence in case of such third party claims. 
 Clause 6  Setup and Installation
Service 
 In the event that Interxion performs the Setup and Installation Service of the Customer Space it will install, configure and set-up the
Customer Space between the Effective Date and the Commencement Date. The provision of Customer Space will then start at the Commencement Date. 
 Clause
7  Technical fact sheet 
 Clause 7.1 Customer Space Service fact sheet 

 

			
	Building	 	Goods storage and loading/delivery docking area, typical height 3.50m
	 	Parking spaces
	 Suite

Cage
 Cabinet Space
	 	Lighting 400 Lux at ground floor level prior to installation of the Equipment Cabinets
	 	Cleaning of the raised floor, all areas
	 	Maintenance of the technical infrastructure (e.g. power, air-conditioning)
	 	Power cabling under raised floor; data cabling overhead (optional under raised floor)
	 	Door width: minimum 1.75m, Door height: 2.00m
	 	 	Premises height: slab to ceiling minimum 3.00m, typical 3.80m
	Floor	 	300kg/point, 1200 kg/m2
	 	ESD Raised floor
	Climate	 	Customer rooms have n+1 redundant down flow air conditioning units
	Power	 	Diesel generator backup, diesel fuel storage typical for 24 hours backup depending on local rules and regulations
	 	 	UPS 230V AC. Choice: Basic, Standard or Advanced service level at various fuse ratings
	 	 	48V DC. Choice: Basic, Standard or Advanced at various fuse ratings
	 	 	Clean power ground and over-voltage/surge protection
	Security	 	Access: 24x7, based on pre-defined access list
	 	Only authorized staff and registered Customer staff or representatives are allowed on-site
	 	Surveillance: 24x7
	 	CCTV in reception and hallways
	 	Security zones using designated alarm and card-key access
	 	Logging of all entries
	 	Gas fire extinguishing system in compliance with country regulations
	Fire protection	 	Smoke/Fire detection system
	 	 	Very early Smoke Detection Alarm (VESDA or other vendor based on laser technology)
	 	 	Fire-retarding walls minimum F60 depending on local rules and regulations

  

			
	Customer                     
Interxion                     Confidential	  	Page 16 of 23            

 Clause 7.2 Cross Connect Service fact sheet 

 

			
	Parameters	 	Options
	Media types	 	 Single mode fiber cable

Multi-mode fiber cable
 Cat5 cable

Cat6 cable
 Cat7 cable

734 Coax Cable
 E1 – Cat5 cable

ISDN/analogue – Cat3 cables

	Multi-mode fiber core size	 	 Zip cord Multi-mode 62.5 um fiber cable

Zip cord Multi-mode 50um fiber cable

	Connector type	 	ST/SC/FC/BNC/RJ45/MRTJ/OPTI-JACK/F-TYPE
	Connector mode type	 	Single-mode/Multi-mode
	Opti-jack connector gender	 	Male/female
	MRTJ connector options	 	 Unicam MM 62.5um MRTJ male w/pins

MRTJ connector 50um

	F-type connector options	 	 Bulkhead coupler

F-type connector for RJ6 cable

	Location	 	Cage/Equipment Cabinet/ Customer/Patch panel/Port A, Port B

  

			
	Customer                     
Interxion                     Confidential	  	Page 17 of 23            

 Schedule 2: Service Level Agreement 

Clause 1    Subject 
 The purpose of this
SLA is to describe and set down the applicable Service Levels that Interxion provides for Customer, with respect to the Services. The SLA guarantees Customer Compensation in case Interxion did not perform to Service Levels as defined in Clause 4 of
this SLA. The Service Levels enable both Customer and Interxion to measure important Services provided by Interxion. The Service Levels are either measured on a calendar month basis (“Monthly Metric”) or on an event basis (“Event
Metric”). In the event that Interxion wishes to modify any of the Service Levels (e.g. in case the ASHRAE standard for server inlet temperature and humidity change) Customer will be given 30 days’ Notice of the proposed changes. This
document supersedes all previous SLA’s, issued by Interxion. 
 Clause 2    Contact 

Interxion provides the Customer with a single point of contact at the ECSC for all issues, including all technical, billing, Hands & Eyes and other
Service inquiries. In case of failure, all events must be logged at the ECSC by phone. 
 International free phone number:  +800 INTRXION
(+800 4687 9466) 
 Alternative telephone number:      +44 20 7375 7070 

E-mail address:
                             customer.services@interxion.com 

Interxion has the right to change these contact details, subject to 30 days’ Notice. 

Clause 3    Incident handling 
 In case
of any incident, partial or complete failure of Service, Interxion will notify Customer using the designated contact persons as specified by Customer. In the event of a Customer identifying an incident it can contact the ECSC 24 hours a day, 365
days a year on the telephone numbers or email address mentioned under 2 (“Contact”). 
 Clause 4    Service Levels and
Compensation 
 This Clause 4 describes the Service Levels and Compensation that apply to the Services. In order to determine breach of Service Level,
Interxion’s systems and records are leading. 
 The definitions used in this Clause 4 are as follows: 

	•	 	Total Period Time: is the average total time in one month (30 days). 

	•	 	Maintenance Time: is the scheduled shutdown as described in Clause 16.2 through 16.5 in the General Terms and Conditions which is Service affecting and for which Customer has been notified. 

	•	 	Downtime: is the time during which the Services do not meet the Availability due to unscheduled outages. 

	•	 	Response time: is the period of time between the moment the ECSC has logged Customer’s request and the moment an Engineer is on-site and has contacted the Customer to report he is ready to start his work.

	•	 	Closed Cabinet: is an Equipment Cabinet with a solid (non-perforated) back and front door plus side panels.  

	•	 	Open Cabinet: is an Equipment Cabinet with at least one door perforated or no doors at all and/or side panels .  

	•	 	Mixed Cabinet Environment: is an area with one or more Closed Cabinets and one or more Open Cabinets. 

  

	    	Compensation related to Services Levels for power and climate control: 

 Monthly Metrics are calculated
according to the following formula: 
 Availability =
                            (Total Period Time – Maintenance Time) - Downtime * 100% 

                          
                                         
 (Total Period Time – Maintenance time) 
 A Compensation of 1 week is defined as 7/30 of the MRSF. 

The total aggregated Compensation in a given month for Service Level- power, -climate control and -Hands & Eyes Service will be limited to 50% of
the MRSF. 
 Service Level power 

			
	Service	  	Advanced Power
	Description	  	Two socket outlets per Equipment Cabinet. One socket is supplied by an UPS system. The other socket, serving as
back-up, is supplied by a separate but identical UPS system. Input power for the two UPS systems is provided by the commercial power supply system, which is backed up by stand-by generator(s).
	Service Level	  	99.999 % power Availability for AC or DC over the period of one calendar month. Unavailability is solely
considered to be Downtime if power is unavailable on both power plugs.
	Compensation  	  	Downtime gives the Customer the right to a Compensation equalling 1 (one) week of MRSF for the Equipment
Cabinet(s) that is directly affected by the power failure, subject to Clause 5 of this SLA.
	Reference	  	Schedule 3, figure CEPCD/A

  

			
	Service	  	Standard Power
	Description	  	Two socket outlets per Equipment Cabinet. One socket is supplied by an UPS system. The other socket, serving as
a backup, is supplied by a normal (interruptible) power supply system. Input power for both systems is provided by the commercial power supply system, which is backed up by stand-by generator(s). DC power is provided by two feeds from one N+1
redundant DC system.
	Service Level	  	99.99 % power Availability for AC or DC over the period of one calendar month. Unavailability is solely
considered to be Downtime if power is unavailable on both power plugs.
	Compensation  	  	Downtime gives the Customer the right to a Compensation equalling 1 (one) week of MRSF for the Equipment
Cabinet(s) that is directly affected by the power failure, subject to Clause 5 of this SLA.
	Reference	  	Schedule 3, figure CEPCD/S

  

			
	Service	  	Basic Power
	Description	  	One socket outlet per Equipment Cabinet, supplied by an UPS system. Input power for the UPS system is provided
by the commercial power supply system, which is backed up by stand-by generator(s).
	Service Level	  	99.9 % power Availability for AC or DC over the period of one calendar month.
	Compensation  	  	Downtime gives Customer the right to a Compensation equalling 1 (one) week of MRSF for the Equipment Cabinet(s)
that is directly affected by the power failure, subject to Clause 5 of this SLA.
	Reference	  	Schedule 3, figure CEPCD/B

  

			
	Customer                     
Interxion                     Confidential	  	Page 18 of 23            

  
 Service Level climate control 

Interxion is following the ASHRAE standard for server inlet temperature and humidity. 

					
	Service	  	Climate control for Closed Cabinet, Open Cabinet and Mixed Cabinet Environment
	Description	  	Climate control maintains the temperature and humidity in the Private Rooms, Suites, Cages and
Cabinet Spaces.
	Service Level  	  	In each climate controlled area, Interxion will keep the temperature and humidity within ranges as specified below:
	 	  	        Ø    	  	Temperature on average 24 oC (+/- 5 oC), measured at the intake of the Equipment Cabinet (for Open Cabinet between 110cm and 200cm height);
	 	  	        Ø    	  	Relative humidity on average between 25% - 75%, measured at the intake of the Equipment Cabinet (for Open Cabinet between 110cm and 200cm height).
	 	 
	 	  	Explicitly excluded from the Service Level is failure to meet the Service Level:
	 	  	        Ø    	  	caused by changes to the layout by Customer that were not submitted to Interxion for advice regarding airflow and cooling before implementation of such changes;
	 	  	        Ø    	  	cause by the climate inside individual Equipment Cabinets;
	 	  	        Ø    	  	caused by breach of the Interxion House Rules.
	 	  	 In order to activate the Service Level, the use of a closed corridor
setup and blanking panels as needed for specific hot spot issues, is mandatory.
 Parties acknowledge that climate control is a critical variable, which can
be influenced by changes to the infrastructure and layout. Therefore Parties agree that optimising airflow and cooling is a mutual responsibility. The availability of sufficient cooling capacity in terms of kW is the sole responsibility of
Interxion.
 The Service Level is not applicable during the initial implementation time of Customer (Customer installing servers in the Equipment Cabinets) as
this period will be used for mutual fine tuning of perforated tiles and air flow. Customer will inform Interxion by Notice when the initial implementation by the Customer is finalized. Subsequently Interxion will inform the Customer by Notice from
which date and time the Service Level is applicable.

	Compensation  	  	Downtime in any calendar month entitles Customer to a Compensation equalling 1 (one) week of MRSF
for the Equipment Cabinet(s) that is directly affected by the climate failure, subject to Clause 5 of this SLA.

 Service Level Hands & Eyes Services 

					
	Service	  	Hands & Eyes Rapid Response
	Description	  	An Engineer will be available to respond to Customer requests for assistance within the response
time.
	Service Level	  	Response Time:
	 	  	 During Business Hours an Engineer will
be present at the Customer Equipment within a response time of 1 (one) hour from the moment of the request.
 Outside Business Hours an Engineer will be
available by phone within a response time of 2 (two) hours from the moment of the request.
 Notwithstanding the aforementioned, at the Interxion Premises
located in Paris an Engineer will be present at the Customer Equipment outside Business Hours within a response time of 2 (two) hour from the moment of the request.

	Compensation  	  	Not meeting the Service Level entitles Customer to claim 1x the pre-agreed hourly rate for Hands
& Eyes Services (as specified in the Services Form), subject to Clause 5 of this SLA.

 Service Level Cross Connect Services 

					
	Service	  	Restoration Time for Cross Connect and Campus Cross Connect
	Description	  	Mean Time to Restore (“MTTR”), or the time between a service outage reported by the
Customer by Notice to the ECSC and the time of a service restoration by Interxion.
	Service Level	  	8 (eight) hours from receipt of the Notice, reporting the service outage.
	Compensation  	  	2/30 of the Cross Connect Services Fees in the relevant month for every hour the MTTR exceeds the
Guarantee for the Cross Connect that is directly affected by the failure, subject to Clause 5 of this SLA. Aggregated Compensation in a given month for Cross Connect Services will be limited to 100% of the Cross Connect Services Fees in the relevant
month.
	
MTTR is calculating according to the following formula:

                          
                                         
                     (total non-operational hours per
month)                                        
                            

                          
  MTTR (month) =                               (total number of reported service outages
per month)
  

 Clause 5    Exceptions 

Customer shall not receive any Compensation under this SLA in connection with any failure to meet the Service Level that is caused by or associated with any of
the following circumstances: 
  

	 	Ø	 	Failure to meet the Service Levels caused by Customer or (maintenance to) the Customer Equipment; 

	 	Ø	 	Customer Equipment not connected according to applicable CEPCD (Schedule 3, figure CEPCD); 

	 	Ø	 	If Service Levels “Basic” or “Standard” apply: scheduled or emergency maintenance of the Interxion Facility; 

	 	Ø	 	Failure to meet the Service Levels caused by Force Majeure. 

 Clause 6    Claims Procedure

 To receive Compensation the Customer should contact Interxion in writing within 30 days of the event (in case of an Event Metric) or month (in case of
a Monthly Metric) in which Interxion failed to meet the relevant Service Level(s). Approved claims for Compensation will be deducted from the Customers next invoice. Interxion will calculate the Compensation on the basis of the MRSF due by the
Customer during the month in which Interxion failed to meet the Service Levels. 

  

			
	Customer                     
Interxion                     Confidential	  	Page 19 of 23            

 Schedule 3: Customer Equipment Power Connection Diagram 

 
 

 

  

			
	Customer                     
Interxion                     Confidential	  	Page 20 of 23            

  
 

 

  

			
	Customer                     
Interxion                     Confidential	  	Page 21 of 23            

 Schedule 4: Interxion House Rules 

Clause 1  Introduction 
 These Interxion House
Rules apply on the Interxion Premises. Customer will ensure that its employees, contractors and subcontractors comply with this policy. 
 Clause
2  House rules 
 Interxion maintains the following rules in order to comply with local and national laws, guidelines for installation works,
working environment, safety and fire regulations. Each person entering the Interxion Premises is required to follow these rules: 
  

	Ø	 	Only Customer’s personnel and third parties who are authorised by the Customer are allowed into the Interxion Premises. Every visitor must have a personal access pass and must wear his or her badge visibly and
follow the instructions of the Interxion security personnel at all times. Access to other customer’s rooms is prohibited. Tailgating is not permitted. 

	Ø	 	Inform the Interxion security personnel which goods Customer will take in and take out of the Interxion Premises. The Customer shall not bring any furniture, equipment or other goods onto the Interxion Premises without
the prior written consent of Interxion, except to the extent that this is necessary for the exercise of the rights given to the Customer pursuant to the Agreement. The Customer is obliged to remove any other goods or waste material it has brought
onto the Interxion Premises immediately. 

	Ø	 	Report the start and end of activities to the Interxion security desk 

	Ø	 	Avoid hazardous situations. Do not operate any equipment that may constitute a safety hazard. If in doubt, consult the Interxion facility manager. 

	Ø	 	Close all doors. Doors must be closed at all times in order to optimise the efficiency of the gas extinguishing systems in case of an eventual fire. Outside doors must be closed and locked for security reasons.

	Ø	 	Evacuate immediately when the alarm (slow whoop) goes off. In case of a fire alarm, the gas extinguishing system will automatically activate. 

	Ø	 	Keep the Interxion Premises clean and tidy. Inside the Equipment Rooms clean work is essential for the function of the Customers Equipment. 

	Ø	 	Do not smoke. The whole building is a no smoking area. 

	Ø	 	Do not bring food. Do not eat or drink in the Customer Spaces or the corridors. 

	Ø	 	Any activity causing dust particles is not allowed. Please consult the Interxion facility manager for assistance. The automatic alarm may be triggered if you do not follow this instruction. 

	Ø	 	Packaging and flammable materials, like carton and plastics are not allowed inside our customer rooms, as it may obstruct the airflow resulting in hotspots causing fire or dust. Please unwrap boxes in the docking area /
un-packing area. Packaging materials shall be removed without delay from the Interxion Premises. 

	Ø	 	Storage of Customer Equipment is only allowed in the Customer Space or storage rooms. Please contact the Interxion facility manager if you require assistance. 

	Ø	 	If applicable, switch your alarm system on when leaving the Interxion Premises. 

	Ø	 	Report all irregularities and alarms to the ECSC, number +44 20 73757070 or the international toll free number +800 INTRXION (+800 4687 9466). 

	Ø	 	Connect your Customer Equipment in line with the agreed SLA (reference Schedule 3, figure CEPCD) 

	Ø	 	Take due note of the information contained in the “Customer Welcome Pack” and act in accordance with it. 

	Ø	 	Inside the Equipment Cabinet the Customer shall: 

	 	¡ 	 	carry out proper data and power cable wiring, using a proper system and methodology to bundle and support cabling, to avoid obstruction of airflow and hotspots; 

	 	¡ 	 	install blanking plates in open, unused server space to avoid short-circuiting of air resulting in hotspots and lower efficiency of the installed room CRAC units; 

	 	¡ 	 	install CE approved plug connectors to avoid power fluctuations, server outages and fire; 

	 	¡ 	 	if the Customer has a rack monitor or other temporary device in the Equipment Cabinet, the Customer shall remove it directly after use, as it may obstruct the airflow to the inlet of the server resulting in hotspots at
server level; 

	 	¡ 	 	when using Open Cabinets, make sure that no old roof fans are used in Closed Cabinets or are still running causing unnecessary energy consumption; 

	 	¡ 	 	make sure that the percentage of the door grid opening is sufficient to cool the rack servers to avoid hotspots and extra server fan energy to force the air through the doors (suction force); 

	 	¡ 	 	avoid installing an Equipment Cabinet partially on a ventilated or louvered tile to avoid server air intake limitations, hotspots and raised floor access issues. 

	Ø	 	Inside the Customer Space the Customer shall: 

	 	¡ 	 	not place packing materials like carton and plastics on ventilated or louvered tiles as it may obstruct the airflow resulting in hotspots causing fire or dust; 

	 	¡ 	 	not install ventilated or louvered tiles in the hot aisle as the hot aisle is intended to be hot and by changing the layout of the ventilated or louvered tiles, the whole or part of the room and the Equipment Cabinets
may suffer from hotspots and cooling inefficiencies of the installed CRAC units; 

	 	¡ 	 	not close off or remove ventilated or louvered tiles in the cold aisle as the cold aisle is intended to be cold and by changing the layout of the ventilated or louvered tiles, the whole or part of the room and the
Equipment Cabinets may suffer from hotspots and cooling inefficiencies of the installed CRAC units; 

	 	¡ 	 	not leave the Customer Space door(s) open as the overpressure inside the Customer Space may disappear resulting in dust inside the Customer Space, servers and CRAC filters leading to malfunction of the servers. This may
further lead to inefficiency of the CRAC units, extra opening of the chilled water valve, extra chiller compressor activity resulting in unnecessary energy consumption; 

	 	¡ 	 	not leave the Customer Space doors open as this may lead to hotspots. This may further lead to extra de-humidification, re-heating and humidification and consequently unnecessary energy consumption; 

	 	¡ 	 	tie up all cables to bundles underneath the raised floor avoiding curtains of cables blocking the airflow resulting in hotspots above the raised floor and more CRAC unit capacity than the actual IT hardware load in N+1
(N represents the actual IT hardware load in CRAC unit capacity and +1 represents the redundant CRAC unit); 

	 	¡ 	 	not open the raised floor as this may result in an unstable raised floor, loss of cooling capacity, short-circuiting of air, extra re-heating, de-humidification and security breach; 

	 	¡ 	 	not change the setting of the CRAC units (if possible) as it may result in hotspots and extra loss of cooling energy. 

Clause 3  Use Policy Radio Devices 
 Inside the
Interxion Premises the use of electronic devices that communicate through radio signals over, for example, GSM, GPRS, UMTS and WIFI networks (“Radio Devices”) is prohibited to: 

 

	 	Ø	 	prevent the unauthorized transfer of information that is of a business sensitive nature to Interxion or its customers. Business sensitive refers to any information stored or processed by Interxion, its customers or on
behalf of its customers that is transferred to unauthorized parties would cause a loss of reputation and business opportunity to either Interxion or its customers; 

	 	Ø	 	Prevent the possibility of electronic or radio interference with equipment of Interxion or its customers. 

  

			
	Customer                     
Interxion                     Confidential	  	Page 22 of 23            

 Visitors of the Interxion Premises need to switch off all Radio Devices, including the standby mode, or leave
them outside the Interxion Premises. On request, Interxion will provide visitors with alternative means of communications for use inside the Interxion Premises. Notwithstanding the foregoing the use of Radio Devices is allowed in the Customer Space
and the reception area of the Interxion Premises. 
 Clause 4 Consequences of non-compliance 

Violation of these Interxion House Rules is strictly prohibited. In the event of any actual or potential violation, Interxion reserves the right to suspend or
terminate, either temporarily or permanently, any or all Services provided by Interxion, to block any abusive activity, or to take any other actions as deemed appropriate by Interxion in its sole discretion. 

Customers who violate these Interxion House Rules may incur criminal or civil liability. Interxion may refer violators to civil or law enforcement for
prosecution and will cooperate fully with applicable government authorities in connection with the civil or crime investigations of violations. 

  

			
	Customer                     
Interxion                     Confidential	  	Page 23 of 23

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