Document:

EX-10.3

 Exhibit 10.3 

DATED 

November 22, 2016 
  

 

RENEWAL LEASE BY REFERENCE TO AN
EXISTING LEASE 
 UNIT B2/3, LINHAY BUSINESS
PARK, ASHBURTON, TQ13 7UP 
 between 

STEPHANIE MYERS PALK, RICHARD JOHN PALK
AND ALISON JUNE PALK 
 and 

CAMBIUM NETWORKS, LTD 

 
 

 
 EXETER 

EX1 1NT 
 Tel: 01392 823811 

DX: 122695 EXETER 

law@oteveling.com 

www.otbeveling.com 

 CONTENTS 

 
  

							
	CLAUSE	  			
	1.	 	Interpretation	  	 	1	 
	2.	 	Grant	  	 	3	 
	3.	 	The Annual Rent	  	 	3	 
	4.	 	Section 62 of the Law of Property Act 1925	  	 	4	 
	5.	 	Tenant’s option to renew	  	 	4	 
	6.	 	Entire agreement	  	 	5	 
	7.	 	Contracts (Rights of Third Parties) Act 1999	  	 	5	 
	8.	 	Governing law	  	 	5	 
	 9.
	 	Jurisdiction	  	 	6	 

 SCHEDULE 
  

							
			
	SCHEDULE 1	 	FURTHER LEASE	  	 	7	 
			
	 SCHEDULE 2
	 	EXISTING LEASE	  	 	8	 

 THIS LEASE is dated
                                         
                                         
                                         
         November 22, 2016 
 PARTIES 

 

	(1)	 STEPHANIE MYERS PALK, RICHARD JOHN PALK and ALISON JUNE PALK all care of Halsanger Manor,
Ashburton, Devon, TQ13 7HY (Landlord). 

  

	(2)	 CAMBIUM NETWORKS, LTD incorporated and registered in England and Wales with company number 07752773
whose registered office is at Unit B2 Linhay Business Park, Eastern Road, Ashburton, Newton Abbot, TQ13 7UP (Tenant). 

BACKGROUND 
  

	(A)	 The Landlord is the freehold owner of the Property. 

 

	(B)	 The residue of the term of the Existing Lease is vested in the Tenant. 

 

	(C)	 The Landlord has agreed to grant a new lease of the Property to the Tenant on the terms set out in this lease.

 AGREED TERMS 
  

	1.	 INTERPRETATION 

The following definitions and rules of interpretation apply in this lease. 

 

	1.1	 Definitions: 

Annual Rent: rent at an initial rate of £68,370.00 per annum and any interim rent determined under the LTA 1954. 

Contractual Term: a term of years beginning on, and including 20 October 2016 and ending on, and including 19 October
2017. 
 Cut-Off Date: 19 August 2017 

Existing Lease: the lease by virtue of which the Tenant holds the Property, which is dated 18 April 2008 and made between
(1) the Landlord (2) Blight & Scoble Limited and (3) Piping Hot Networks Limited (a copy of which is annexed to this lease at Schedule 3) and the documents made supplemental to it. 

Further Lease: means a lease of the Property in the form of the draft annexed to this Lease at Schedule 1. 

Incorporated Terms: all of the terms, requirements, covenants and conditions contained in the Existing Lease except to the extent that
they are inconsistent with the clauses written in this lease and with such modifications as are necessary to make them applicable to this lease and the parties to this lease: 

  
 1 

	 	(A)	including: 

  

	 	(1)	the definitions and rules of interpretation in the Existing Lease; 

  

	 	(2)	the agreements and declarations contained in the Existing Lease; 

  

	 	(3)	the rights granted and reserved by the Existing Lease (including the right of re-entry and forfeiture); and 

 

	 	(4)	the third party rights, restrictions and covenants affecting the Property. 

  

	 	(B)	but excluding:- 

  

	 	(1)	any terms of the Existing Lease which are specifically excluded by the terms of this lease or substituted by the terms of this lease; 

 

	 	(2)	the rent secondly reserved under the Existing Lease; 

  

	 	(3)	the provisions of Schedule 5 to the Existing Lease. 

 Insurance Rent: the rent
fourthly reserved in the Existing Lease with such modifications as are necessary to make the provisions applicable to this lease. 

Landlord’s Covenants: the obligations in this lease, which include the obligations contained in the Incorporated Terms, to
be observed by the Landlord. 
 LTA 1954: Landlord and Tenant Act 1954. 

Plan: the plans attached to the Existing Lease. 

Property: the property known as Unit B2/3, Linhay Business Park, Ashburton, TQ13 7UP shown edged red on the Plan and as is more
particularly described as the Premises in the Existing Lease. 
 Rent Payment Dates: 25 March, 24 June,
29 September and 25 December. 
 Service Charge: the rent secondly reserved in the Existing Lease with such modifications
as are necessary to make the provisions applicable to this lease. 
 Tenant’s Covenants: the obligations in this lease,
which include the obligations contained in the Incorporated Terms, to be observed by the Tenant. 
 VAT: value added tax
chargeable under the Value Added Tax Act 1994 and any similar replacement and any similar additional tax. 
 Working Day: a day that
is not a Saturday, Sunday, a bank holiday or a public holiday in England. 

  
 2 

	1.2	References to the landlord and tenant in the Existing Lease shall be read as references to the Landlord and Tenant in this lease. 

  

	2.	GRANT 

  

	2.1	The Landlord lets the Property to the Tenant for the Contractual Term at the rents reserved. 

  

	2.2	This grant is made on the terms of this lease which include the Incorporated Terms as if they were set out in full in this lease. 

  

	2.3	The Tenant covenants with the Landlord that it will comply with the Tenant’s Covenants. 

  

	2.4	The Landlord covenants with the Tenant that it will comply with the Landlord’s Covenants. 

  

	2.5	The grant is made with the Tenant paying the following as rent to the Landlord: 

  

	 	(A)	the Annual Rent and all VAT in respect of it; 

  

	 	(B)	the Service Charge; 

  

	 	(C)	the Insurance Rent; and 

  

	 	(D)	any other sums due under this lease. 

  

	3.	THE ANNUAL RENT 

  

	3.1	The Tenant shall pay the Annual Rent and any VAT in respect of it by four equal instalments in advance on or before the Rent Payment Dates. 

 

	3.2	(Subject to clause 3.3) the first instalment of the Annual Rent shall be made on the first day of the Contractual Term and shall be the proportion, calculated on a daily basis, in respect of the period beginning on the
first day of the Contractual Term and ending on the day before the next Rent Payment Date. 

  

	3.3	For the purposes of calculation of any payment under this lease, credit shall be given to the Tenant for any sum paid under the Existing Lease to the extent that it relates to a period after the expiry of the term of
the Existing Lease or to the extent that it relates to any liability the Tenant otherwise has under this lease. 

  
 3 

	4.	SECTION 62 OF THE LAW OF PROPERTY ACT 1925 

Except as mentioned in clause 2.2, neither the grant of this lease nor anything in it confers any right over neighbouring property nor is to be
taken to show that the Tenant may have any right over neighbouring property, and section 62 of the Law of Property Act 1925 does not apply to this lease 
  

	5.	TENANT’S OPTION TO RENEW 

 

	5.1	If the Tenant wishes to enter into the Further Lease and, additionally, the Tenant has served written notice on the Landlord of its desire for the Further Lease not later than the
Cut-Off Date (as to which time shall be of the essence) then PROVIDED the Tenant has paid all Rents due up to and including the date the written notice is served and PROVIDED that this lease has
not, for whatever reason, determined the Landlord will grant and the Tenant will take the Further Lease of the Property on or (if earlier) not more than one month before the expiry of the Contractual Term (or if that day is not a Working Day, then
the next following Working Day). 

  

	5.2	For the avoidance of doubt, the Further Lease shall not include a provision equivalent to this clause 5. 

  

	5.3	At any time after the expiry of the Contractual Term a party who is ready able and willing to complete the grant of the Further Lease may serve on the other a notice to complete the grant of the Further Lease in
accordance with this clause 6 (“Completion Notice”) and in connection with the service of any Completion Notice: 

  
 4 

	 	(A)	a party is ready able and willing to complete if it could be but for the default of the other party; 

  

	 	(B)	the parties are to complete the grant of the Further Lease within ten (10) Working Days of serving a Completion Notice (excluding the date on which the Completion Notice is served) as to which time shall be of the
essence; and 

  

	 	(C)	if either party receives but fails to complete the grant of the Further Lease in accordance with a Completion Notice that has been validly served under this clause 5 then the party serving the Completion Notice may, by
serving written notice on the other, rescind the option granted under this clause 5 but without prejudice to any other right or remedy of either party against the other. 

 

	6.	ENTIRE AGREEMENT 

  

	6.1	This lease and the documents annexed to it constitute the whole agreement between the parties and supersede all previous discussions, correspondence, negotiations, arrangements, understandings and agreements between
them relating to their subject matter. 

  

	6.2	Each party acknowledges that in entering into this lease and any documents annexed to it, it does not rely on, and shall have no remedies in respect of, any representation or warranty (whether made innocently or
negligently). 

  

	6.3	Nothing in this lease constitutes or shall constitute a representation or warranty that the Property or any common parts over which the Tenant has rights under this lease may lawfully be used for any purpose allowed by
this lease. 

  

	6.4	Nothing in this clause shall limit or exclude any liability for fraud. 

  

	7.	CONTRACTS (RIGHTS OF THIRD PARTIES) ACT 1999 

A person who is not a party to this lease shall not have any rights under the Contracts (Rights of Third Parties) Act 1999 to enforce any term
of this lease. 
  

	8.	GOVERNING LAW 

 This lease 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. 

  
 5 

	9.	JURISDICTION 

 Each party irrevocably agrees that the
courts of England and Wales shall have exclusive jurisdiction to settle any dispute or claim arising out of or in connection with this lease or its subject matter or formation (including non-contractual
disputes or claims). 
 This document has been executed as a deed and is delivered and takes effect on the date stated at the beginning of it. 

  
 6 

 Schedule 1 Further Lease 

  
 7 

 Schedule 2 Existing Lease 

  
 8 

							
	 Executed as a deed by
 STEPHANIE MYERS PALK, in
the presence of:
	  		  	                                      
                  	  	
	  
	  		  		  	
	 Witness name:
 Occupation:

Address:
	  		  		  	
				
	Executed as a deed by RICHARD JOHN PALK, in the presence of:	  		  	                                      
                  	  	
	  
	  		  		  	
	 Witness name:
 Occupation:

Address:
	  		  		  	
				
	Executed as a deed by ALISON JUNE PALK, in the presence of:	  		  	                                      
                  	  	
	  
	  		  		  	
	 Witness name:
 Occupation:

Address:
	  		  		  	
				
	 Signed as a deed by CAMBIUM NETWORKS, LTD acting by
  

a director, in the presence of:
	  		  	
                          
                              

Director
	  	
	  
	  		  		  	
	 Witness name:
 Occupation:

Address:
	  		  		  	

  
 9EX-10.4

 Exhibit 10.4 

DATED 
 April
9, 2018 
  
  

RENEWAL LEASE BY REFERENCE TO AN
EXISTING LEASE 
 UNIT B2/3, LINHAY BUSINESS
PARK, ASHBURTON, TQ13 7UP 
 between 

STEPHANIE MYERS PALK, RICHARD JOHN PALK
AND ALISON JUNE PALK 
 and 

CAMBIUM NETWORKS, LTD 

 
 

 
 EXETER 

EX1 1NT 
 Tel: 01392 823811 

DX: 122695 EXETER 

law@oteveling.com 

www.otbeveling.com 

 CONTENTS 

 
 CLAUSE 

 

							
	 1.
	 	Interpretation	  	 	4	 
	 2.
	 	Grant	  	 	6	 
	 3.
	 	The Previous Lease	  	 	6	 
	 4.
	 	The Annual Rent	  	 	6	 
	 5.
	 	Review of the Annual Rent	  	 	7	 
	 6.
	 	Registration of this lease	  	 	7	 
	 7.
	 	Closure of the registered title of this lease	  	 	7	 
	 8.
	 	Section 62 of the Law of Property Act 1925	  	 	7	 
	 9.
	 	Entire agreement	  	 	7	 
	 10.
	 	Contracts (Rights of Third Parties) Act 1999	  	 	8	 
	 11.
	 	Governing law	  	 	8	 
	 12.
	 	Jurisdiction	  	 	8	 

 SCHEDULE 

							
			
	 SCHEDULE
	 	1 VARIATIONS TO THE PREVIOUS LEASE	  	 	9	 
			
	 SCHEDULE
	 	2 PREVIOUS LEASE	  	 	11	 
			
	 SCHEDULE
	 	3 EXISTING LEASE	  	 	12	 

  

 PRESCRIBED CLAUSES 

LR1. Date of lease April 9, 2018 
 LR2. Title
number(s) 
 LR2.1 Landlord’s title number(s) 

DN245884 
 LR2.2 Other title numbers 

LR3. Parties to this lease 
 Landlord

 STEPHANIE MYERS PALK, RICHARD JOHN PALK and ALISON JUNE PALK 

All care of Halsanger Manor, Ashburton, Devon, TQ13 7HY 

Tenant 
 CAMBIUM
NETWORKS, LTD 
 Of Unit B2 Linhay Business Park, Eastern Road, Ashburton, Newton Abbot, TQ13 7UP 

Company number: 07752773 

Other parties 
 None 

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. 
 See the definition of “Property”
in clause 1.1 of this lease and the definition of “Premises” in clause 1 of the Previous Lease. 
 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. 

  
 1 

 None. 

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

None. 
 LR6. Term for which the Property is
leased 
 The term as specified in this lease at clause 1.1 in the definition of “Contractual Term”. 

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 
 The easements included in clause 1.1 of this lease in the definition of
“Incorporated Terms” and specified in Schedule 2 of the Previous Lease. 
 LR11.2 Easements granted or reserved by this lease
over the Property for the benefit of other property 
 The easements included in clause 1.1 of this lease in the definition of
“Incorporated Terms” and specified in Schedule 3 of the Previous Lease. 

  
 2 

 LR12. Estate rentcharge 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 

  
 3 

			
	THIS LEASE is dated	  	2017

 PARTIES 
  

	(1)	STEPHANIE MYERS PALK, RICHARD JOHN PALK and ALISON JUNE PALK all care of Halsanger Manor, Ashburton, Devon, TQ13 7HY (Landlord). 

 

	(2)	CAMBIUM NETWORKS, LTD incorporated and registered in England and Wales with company number 07752773 whose registered office is at Unit B2 Linhay Business Park, Eastern Road, Ashburton, Newton Abbot, TQ13 7UP
(Tenant). 

 BACKGROUND 
  

	(A)	The Landlord is the freehold owner of the Property. 

  

	(B)	The residue of the term of the Existing Lease is vested in the Tenant. 

  

	(C)	The Landlord has agreed to grant a new lease of the Property to the Tenant on the terms set out in this lease. 

AGREED TERMS 
  

	1.	INTERPRETATION 

 The following definitions and rules of interpretation
apply in this lease. 
  

	1.1	Definitions: 

 Annual Rent: rent at an initial rate of Sixty Eight Thousand Three
Hundred and Seventy Pounds (£68,370) per annum and then as revised pursuant to this lease and any interim rent determined under the LTA 1954. 

Contractual Term: a term of nine (9) years beginning on, and including 20 October 2017 and ending on, and including
19 October 2026. 
 Existing Lease: the lease by virtue of which the Tenant holds the Property which is dated
[     ] 2016 and made between (1) the Landlord and (2) the Tenant (a copy of which is annexed in Schedule 3 to this lease) and the documents made supplemental to it. 

Incorporated Terms: all of the terms, requirements, covenants and conditions contained in the Previous Lease except to the extent
that they are inconsistent with the clauses written in this lease and with such modifications as are necessary to make them applicable to this lease and the parties to this lease and as specifically varied by clause 3: 

 

	 	(a)	including: 

  
 4 

	 	(i)	the definitions and rules of interpretation in the Previous Lease; 

  

	 	(ii)	the agreements and declarations contained in the Previous Lease; 

  

	 	(iii)	the rights granted and reserved by the Previous Lease (including the right of re-entry and forfeiture); 

 

	 	(iv)	the third party rights, restrictions and covenants affecting the Property; and 

  

	 	(v)	the provisions for rent review contained in Schedule 5 of the Previous Lease. 

  

	 	(b)	but excluding: 

  

	 	(i)	any terms of the Previous Lease which are specifically excluded by the terms of this lease or substituted by the terms of this lease; 

 

	 	(ii)	the rent secondly reserved under the Previous Lease. 

 Insurance Rent: the rent
fourthly reserved in clause 3 of the Previous Lease with such modifications as are necessary to make the provisions applicable to this lease. 

Landlord’s Covenants: the obligations in this lease, which include the obligations contained in the Incorporated Terms, to
be observed by the Landlord. 
 LTA 1954: Landlord and Tenant Act 1954. 

Plan: the plans attached to the Previous Lease. 

Previous Lease: the lease of the Property, which is dated 13 November 2006 and made between (1) the Landlord and
(2) Blight & Scoble Limited (3) Piping Hot Networks Limited (a copy of which is annexed in Schedule 2 to this lease) and the documents made supplemental to it. 

Property: the property known as Unit B2/3, Linhay Business Park, Ashburton, TQ13 7UP shown edged red on the Plan and as more
particularly described (and defined as ‘the Premises’) in the Previous Lease. 
 Rent Payment Dates: 25 March,
24 June, 29 September and 25 December. 
 Review Date: means 20 October 2021 

Service Charge: the rent thirdly reserved in clause 3 of the Previous Lease with such modifications as are necessary to make the
provisions applicable to this lease. 
 Tenant’s Covenants: the obligations in this lease, which include the obligations
contained in the Incorporated Terms, to be observed by the Tenant. 

  
 5 

 VAT: value added tax chargeable under the Value Added Tax Act 1994 and any similar
replacement and any similar additional tax. 
  

	1.2	References to the landlord and tenant in the Previous Lease shall be read as references to the Landlord and Tenant in this lease. 

  

	2.	GRANT 

  

	2.1	The Landlord lets the Property to the Tenant for the Contractual Term at the rents reserved. 

  

	2.2	This grant is made on the terms of this lease which include the Incorporated Terms as if they were set out in full in this lease. 

  

	2.3	The Tenant covenants with the Landlord that it will comply with the Tenant’s Covenants. 

  

	2.4	The Landlord covenants with the Tenant that it will comply with the Landlord’s Covenants. 

  

	2.5	The grant is made with the Tenant paying the following as rent to the Landlord: 

  

	 	(a)	the Annual Rent and all VAT in respect of it; 

  

	 	(b)	the Service Charge; 

  

	 	(c)	the Insurance Rent; and 

  

	 	(d)	any other sums due under this lease. 

  

	3.	THE PREVIOUS LEASE 

 For the purposes of
this lease only, the terms of the Previous Lease shall be varied as set out in Schedule 1 and this lease shall be read and construed accordingly. 
  

	4.	THE ANNUAL RENT 

  

	4.1	The Tenant shall pay the Annual Rent and any VAT in respect of it by four equal instalments in advance on or before the Rent Payment Dates. 

 

	4.2	(Subject to clause 4.3) the first instalment of the Annual Rent shall be made on the first day of the Contractual Term and shall be the proportion, calculated on a daily basis, in respect of the period beginning on the
first day of the Contractual Term and ending on the day before the next Rent Payment Date. 

  
 6 

	4.3	For the purpose of the calculation of any payment under this lease credit shall be given to the Tenant for any sum paid under the Existing Lease to the extent that it relates to a period after the expiry of the term of
the Existing Lease or to the extent that it relates to any liability the Tenant otherwise has under this lease. 

  

	5.	REVIEW OF THE ANNUAL RENT 

On the Review Date the Annual Rent shall be reviewed in accordance with the Incorporated Terms. 

 

	6.	REGISTRATION OF THIS LEASE 

Following the grant of this lease, the Tenant shall without delay apply to register this lease at HM Land Registry. The Tenant shall ensure
that any requisitions raised by HM Land Registry in connection with that application are dealt with promptly and properly. The Tenant shall send the Landlord official copies of the Tenant’s title within one month of the registration being
completed. 
  

	7.	CLOSURE OF THE REGISTERED TITLE OF THIS LEASE 

Within one month after the end of the term (and notwithstanding that the term has ended), the Tenant shall make an application to close the
registered title of this lease and shall ensure that any requisitions raised by HM Land Registry in connection with that application are dealt with promptly and properly. The Tenant shall keep the Landlord informed of the progress and completion of
its application. 
  

	8.	SECTION 62 OF THE LAW OF PROPERTY ACT 1925 

Except as mentioned in clause 2.2, neither the grant of this lease nor anything in it confers any right over neighbouring property nor is to be
taken to show that the Tenant may have any right over neighbouring property, and section 62 of the Law of Property Act 1925 does not apply to this lease. 
  

	9.	ENTIRE AGREEMENT 

  

	9.1	This lease and the documents annexed to it constitute the whole agreement between the parties and supersede all previous discussions, correspondence, negotiations, arrangements, understandings and agreements between
them relating to their subject matter. 

  
 7 

	9.2	Each party acknowledges that in entering into this lease and any documents annexed to it it does not rely on, and shall have no remedies in respect of, any representation or warranty (whether made innocently or
negligently). 

  

	9.3	Nothing in this lease constitutes or shall constitute a representation or warranty that the Property or any common parts over which the Tenant has rights under this lease may lawfully be used for any purpose allowed by
this lease. 

  

	9.4	Nothing in this clause shall limit or exclude any liability for fraud. 

  

	10.	CONTRACTS (RIGHTS OF THIRD PARTIES) ACT 1999 

A person who is not a party to this lease shall not have any rights under the Contracts (Rights of Third Parties) Act 1999 to enforce any term
of this lease. 
  

	11.	GOVERNING LAW 

 This lease 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. 

 

	12.	JURISDICTION 

 Each party irrevocably agrees that the courts of England
and Wales shall have exclusive jurisdiction to settle any dispute or claim arising out of or in connection with this lease or its subject matter or formation (including non-contractual disputes or claims).

 This document has been executed as a deed and is delivered and takes effect on the date stated at the beginning of it. 

  
 8 

 Schedule    1    Variations to the Previous Lease

  

	1.	GROUP COMPANY (CLAUSE 1 OF THE PREVIOUS LEASE) 

In the definition (in clause 1 of the Previous Lease) of ‘Group Company’ the reference to ‘Section 736 of the Companies Act
1985’ shall be deleted and replaced with ‘Section 1159 of the Companies Act 2006’ 
  

	2.	TERM (CLAUSE 1 OF THE PREVIOUS LEASE) 

The Term, as defined in clause 1 of the Previous Lease, shall be the Contractual Term as defined in this lease. 

 

	3.	DECORATION (CLAUSE 4.7.1 OF THE PREVIOUS LEASE) 

 

	3.1	In clause 4.7.1.1 of the Previous Lease, the year “2011” shall be deleted and replaced with “2020”. 

  

	3.2	In clause 4.7.1.2 of the Previous Lease, the year “2013” shall be deleted and replaced with “2020”. 

  

	3.3	The following proviso shall be added at the end of clause 4.7.1: 

 “Provided that the
Tenant shall not be obliged to comply with its obligations in this clause in consecutive years”. 
  

	4.	TENANT’S BREAK CLAUSE (CLAUSE 8 OF PREVIOUS LEASE) 

 

	4.1	In clause 8.1, the date “19th October 2011” shall be deleted and replaced with “19th October
2021”. 

  

	4.2	The following shall be added as a new clause 8.7:- 

 “(Notwithstanding clause 7.4) the
Notice shall be served by delivering it by hand or sending it by pre-paid first class post or recorded delivery to the Landlord at the address specified in this lease or at such other address as the Landlords
shall have previously notified to the Tenant in writing.” 
  

	4.3	The following shall be added as a new clause 8.8:- 

  
 9 

 “If this lease terminates in accordance with clause 8.4 then, within fourteen (14) days
of the date of such termination, the Landlord shall refund to the Tenant the proportion of the rents reserved by this lease, and \any VAT paid in respect of them, for the period from (and excluding) the date of such termination up to (and including)
the last day of the period in respect of which the relevant sum was paid.” 
  

	5.	RENT REVIEW (SCHEDULE 5 OF THE PREVIOUS LEASE) 

Paragraph 1(3)(iii) of Schedule 5 of the Previous Lease shall be deleted and replaced with the following:- 

 

	 	“(iii)	(without prejudice to paragraphs (c) and (d) of this definition) any works carried out to the Premises during the Term of this Lease or during the term of the Previous Lease or the Existing Lease by the Tenant or
by any permitted underlessee in either case at its own expense in pursuance of a licence granted by the Landlord and otherwise in pursuance of any obligation to the Landlord (other than the obligation contained in clause 4.4 of this Lease).”

  
 10 

 Schedule 2 Previous Lease 

  
 11 

 Schedule 3 Existing Lease 

  
 12 

							
		  		  	 /s/ Stephanie Myers Palk
	  	
	 Executed as a deed by
 STEPHANIE MYERS

PALK, in the presence of:
  

/s/ Keith Bass
 Witness name:

Occupation:
 Address:
	  		  		  	
		  		  	 /s/ Richard John Palk
	  	
				
	 Executed as a deed by RICHARD JOHN PALK, in the presence of:
  

/s/ Keith Bass
 Witness name:

Occupation:
 Address:
	  		  		  	
		  		  	 /s/ Alison June Palk
	  	
				
	 Executed as a deed by ALISON JUNE PALK, in the presence of:
  

/s/ Keith Bass
 Witness name:

Occupation:
 Address:
	  		  		  	
		  		  	 /s/ Atul Bhatnagar
	  	
				
	 Signed as a deed by CAMBIUM NETWORKS, LTD acting by
  

a director, in the presence of:
  

/s/ Aarti Sharma
 Witness
name:
 Occupation:
 Address:
	  		  	Director	  	

  
 13

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