Document:

ex1028.htm

    
      

      

    

     

     

    Lease

     

    

    relating
to

    

     

    Part
of Unit 8

     

    

    between

    

     

    Quentin
King

     

    

    and

    

     

    Clean
Power Technologies Limited

    

      
        
           

        

        
          1

          
            

          

        

        
           

        

      

       

      
        Contents

         

      

      Clause

    

    
      
        
          	
                  1

                	
                  Interpretation

                	
                  6

                
	
                  2

                	
                  Grant

                	
                  9

                
	
                  3

                	
                  Ancillary
      rights

                	
                  9

                
	
                  4

                	
                  Rights
      excepted and reserved

                	
                  9

                
	
                  5

                	
                  Third
      party rights

                	
                  11

                
	
                  6

                	
                  The
      Annual Rent

                	
                  11

                
	
                  7

                	
                  Insurance

                	
                  11

                
	
                  8

                	
                  Rates
      and taxes

                	
                  11

                
	
                  9

                	
                  Utilities

                	
                  13

                
	
                  10

                	
                  Common
      Items

                	
                  14

                
	
                  11

                	
                  VAT

                	
                  14

                
	
                  12

                	
                  Default
      interest and interest

                	
                  14

                
	
                  13

                	
                  Costs

                	
                  15

                
	
                  14

                	
                  Compensation
      on vacating

                	
                  15

                
	
                  15

                	
                  No
      deduction, counterclaim or set-off

                	
                  15

                
	
                  16

                	
                  Assignments

                	
                  16

                
	
                  17

                	
                  Underlettings

                	
                  16

                
	
                  18

                	
                  Sharing
      occupation

                	
                  17

                
	
                  19

                	
                  Charging

                	
                  19

                
	
                  20

                	
                  Prohibition
      of other dealings

                	
                  19

                
	
                  21

                	
                  Registration
      and notification of dealings and occupation

                	
                  19

                
	
                  22

                	
                  Prohibition
      of noting lease on the Landlord's title

                	
                  19

                
	
                  23

                	
                  Repairs

                	
                  20

                
	
                  24

                	
                  Decoration

                	
                  20

                
	
                  25

                	
                  Alterations

                	
                  20

                
	
                  26

                	
                  Signs,
      aerials and masts

                	
                  21

                
	
                  27

                	
                  Returning
      the Property to the Landlord

                	
                  21

                
	
                  28

                	
                  Use

                	
                  23

                
	
                  29

                	
                  Compliance
      with laws

                	
                  23

                
	
                  30

                	
                  Encroachments,
      obstructions and acquisition of rights

                	
                  24

                
	
                  31

                	
                  Remedy
      breaches

                	
                  24

                
	
                  32

                	
                  Indemnity

                	
                  25

                
	
                  33

                	
                  Covenant
      for quiet enjoyment of the Landlord

                	
                  26

                
	
                  34

                	
                  Guarantee
      and indemnity

                	
                  26

                
	
                  35

                	
                  Condition
      for re-entry

                	
                  26

                
	
                  36

                	
                  Liability

                	
                  26

                
	
                  37

                	
                  Entire
      agreement and exclusion of representations

                	
                  27

                
	
                  38

                	
                  Notices,
      consents and approvals

                	
                  28

                
	
                  39

                	
                  Governing
      law and jurisdiction

                	
                  28

                
	
                  40

                	
                  Contracts
      (Rights of Third Parties) Act 1999

                	
                  29

                
	
                  41

                	
                  Landlord
      and Tenant (Covenants) Act 1995

                	
                  29

                

        

      

      
        
           

        

        
          2

          
            

          

        

        
           

        

      

    

    PRESCRIBED
CLAUSES

     

    The
following clauses are prescribed under rule 58A of the Land Registration Rules
2003.

    

    LR1.
Date of lease    29th June
2009

    

    

    LR2.
Title number(s)

     

    LR2.1
Landlord's title number(s)

     

     

    ESX231882

     

     

    LR2.2
Other title numbers

     

     

     None

     

    

    LR3.
Parties to this lease

     

    Landlord

     

     

    Quentin
King of Unit 8, E Plan Industrial Estate, New Road, Newhaven, East Sussex, BN9
0EH, United Kingdom.

     

     

    Tenant

     

     

    Clean
Power Technologies Limited, a company incorporated and registered in England and
Wales with company number 05812360, whose registered office is at Wiston House,
1 Wiston Avenue, Worthing, West Sussex, BN14 7QL.

     

     

    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.

    

    LR5.
Prescribed statements etc.

    

    None.

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    

    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 as specified in clause 3 of this lease.

     

     

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

     

     

    The
easements as specified in clause 4 and clause 5.2 of this
lease.

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    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

    

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    THIS  LEASE is dated
29th
June 2009

     

    Parties

     

    
      	
              (1)  

            	
              Quentin
      King of Unit 8, E Plan Industrial Estate, New Road, Newhaven, East Sussex,
      BN9 0EH, United Kingdom (Landlord).

            

    

     

    
      	
              (2)  

            	
              Clean
      Power Technologies Limited, a company incorporated and registered in
      England and Wales with company number 05812360, whose registered office is
      at Wiston House, 1 Wiston Avenue, Worthing, West Sussex, BN14 7QL (Tenant).

            

    

     

    Agreed
Terms

     

    
      	
              1.  

            	
              Interpretation

            

    

     

    
      	
              1.1  

            	
              The
      definitions and rules of interpretation set out in this clause 1.1 apply
      to this lease.

            

    

     

    1954
Act: Landlord and
Tenant Act 1954.

     

    Annual
Rent: rent at the
initial rate of £15,000 per annum and any interim rent determined under the 1954
Act.

     

    CDM
Regulations: the
Construction (Design and Management) Regulations 2007.

     

    Contractual Term: a term of 5 years beginning
on and including the date of this lease 

     

    Default
Interest Rate: 4%
above the Interest Rate.

     

    Insurance Rent: the aggregate in each year
of the gross cost of the premium before any discount or commission for the
insurance of:

     

    
      	
              (a)  

            	
              the
      Property, other than any plate glass, for its full reinstatement cost
      (taking inflation of building costs into account) against loss or damage
      by or in consequence of the Insured Risks, including costs of demolition,
      site clearance, site protection and shoring-up, professionals' and
      statutory fees and incidental expenses, the cost of any work which may be
      required under any law and VAT in respect of all those costs, fees and
      expenses;

            

    

     

    
      	
              (b)  

            	
              loss
      of Annual Rent of the Property for five years;
  and

            

    

     

    
      	
              (c)  

            	
              any
      insurance premium tax payable on the
above.

            

    

     

    Insured
Risks: means
fire, explosion, lightning, earthquake, storm, flood, bursting and overflowing
of water tanks, apparatus or pipes, impact by aircraft and articles dropped from
them, impact by vehicles, riot, civil commotion and any other risks against
which the Landlord decides to insure against from time to time and Insured Risk
means any one of the Insured Risks.

     

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    Interest
Rate: interest at
the base lending rate from time to time of Barclays Bank PLC, or if that base
lending rate stops being used or published then at a comparable commercial rate
reasonably determined by the Landlord.

     

    Landlord's Neighbouring
Property: each
and every part of the adjoining and neighbouring property and building in which
the Landlord has an interest registered with title number ESX231882 shown edged
in green on the attached Plan

     

    Permitted Use: Warehouse within Use Classes
B1 or B2 of the Town and Country Planning (Use Classes) Order 1987 as at the
date this lease is granted.

     

    Plan: the Plan attached to
this lease

     

    Property: Unit 8 E Plan Industrial
Estate, New Road, East Sussex, Newhaven, BN9 0EH, England shown edged red on the
Plan

     

    Rent
Payment Dates: 25
March, 24 June, 29 September and 25 December.

     

    Reservations: all of the rights excepted,
reserved and granted to the Landlord by this lease.

     

    Service Charge: a fair and
reasonable proportion of any cost or expense incurred by the Landlord in
relation to sums due under the Transfer dated 20th
November 1998 referred to at entry 3 of the Property Register and entry 7 of the
Charges Register of title number ESX231882

     

    Service
Media: the lifts
and lift machinery and equipment and all media for the supply or removal of the
Utilities and all structures, machinery and equipment ancillary to those
media.

     

    Third
Party Rights: all
rights, covenants and restrictions affecting the Property including the matters
referred to at the date of this lease in the property register and the charges
register of title number ESX231882

     

    Utilities:  heat, air
conditioning, electricity, gas, water, sewage, telecommunications, data and
other services and utilities supplied or removed via the Service
Media.

     

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

     

    
      	
              1.2  

            	
              A
      reference to this lease, except a
      reference to the date of this lease or to the grant of the lease, is a
      reference to this deed and any deed, licence, consent, approval or other
      instrument supplemental to it.

            

    

     

    
      	
              1.3  

            	
              A
      reference to the
      Landlord includes a reference to the person entitled to the
      immediate reversion to this lease. A reference to the Tenant includes a
      reference to its successors in title and assigns. A reference to a
      guarantor is to any guarantor of the tenant covenants of this lease
      including a guarantor who has entered into an authorised guarantee
      agreement.

            

    

     

    
    

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

     

    
      	
              1.4  

            	
              In
      relation to any payment, a reference to a fair proportion is to a
      fair proportion of the total amount payable, determined conclusively
      (except as to questions of law) by the
Landlord.

            

    

     

    
      	
              1.5  

            	
              The
      expressions landlord
      covenant and tenant covenant each has
      the meaning given to it by the Landlord and Tenant (Covenants) Act
      1995.

            

    

     

    
      	
              1.6  

            	
              Unless
      the context otherwise requires, a reference to the Property is to the whole
      and any part of it.

            

    

     

    
      	
              1.7  

            	
              A
      reference to the term is to the
      Contractual Term and any agreed or statutory continuation of this
      lease.

            

    

     

    
      	
              1.8  

            	
              A
      reference to the end of
      the term is to the end of the term however it
  ends.

            

    

     

    
      	
              1.9  

            	
              References
      to the perpetuity
      period are to the period of 80 years from the commencement of the
      term and that period is the perpetuity period for the purposes of section
      1 of the Perpetuities and Accumulations Act
  1964.

            

    

     

    
      	
              1.10  

            	
              References
      to the consent of
      the Landlord are to the consent of the Landlord given in accordance with
      clause 40.4 and references to the approval of the Landlord
      are to the approval of the Landlord given in accordance with clause
      40.5.

            

    

     

    
      	
              1.11  

            	
              A
      Working Day is any
      day which is not a Saturday, a Sunday, a bank holiday or a public holiday
      in England.

            

    

     

    
      	
              1.12  

            	
              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 laws
      for the time being in force made under it and all orders, notices, codes
      of practice and guidance made under
it.

            

    

     

    
      	
              1.13  

            	
              A
      reference to laws in general is to all local, national and directly
      applicable supra-national laws in force for the time being, taking account
      of any amendment, extension, application or re-enactment and includes any
      subordinate laws for the time being in force made under them and all
      orders, notices, codes of practice and guidance made under
      them.

            

    

     

    
      	
              1.14  

            	
              Any
      obligation in this lease on the Tenant not to do something includes an
      obligation not to agree to or suffer that thing to be done and an
      obligation to use best endeavours to prevent that thing being done by
      another person.

            

    

     

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

     

    
      	
              1.15  

            	
              Unless
      the context otherwise requires, where the words include(s) or including are used in
      this lease, they are deemed to have the words "without limitation"
      following them.

            

    

     

    
      	
              1.16  

            	
              A
      person includes a
      corporate or unincorporated body.

            

    

     

    
      	
              1.17  

            	
              References
      to writing or
      written do not
      include faxes or email.

            

    

     

    
      	
              1.18  

            	
              Except
      where a contrary intention appears, a reference to a clause or schedule,
      is a reference to a clause of, or schedule to, this lease and a reference
      in a schedule to a paragraph is to a paragraph of that
      schedule.

            

    

     

    
      	
              1.19  

            	
              Clause,
      schedule and paragraph headings do not affect the interpretation of this
      lease.

            

    

     

    
      	
              2.  

            	
              Grant

            

    

     

    
      	
              2.1  

            	
              The
      Landlord lets the Property to the Tenant for the Contractual
      Term.

            

    

     

    
      	
              2.2  

            	
              The
      grant is made together with the ancillary rights set out in clause 3,
      excepting and reserving to the Landlord the rights set out in clause 4, and subject to the Third Party
      Rights.

            

    

     

    
      	
              2.3  

            	
              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
      Insurance Rent and all VAT in respect of
it;

            

    

     

    
      	
              (c)  

            	
              all
      interest payable under this lease;
and

            

    

     

    
      	
              (d)  

            	
              all
      other sums due under this lease.

            

    

     

    
      	
              3.  

            	
              Ancillary
rights

            

    

     

    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.

     

    
      	
              4.  

            	
              Rights excepted and
  reserved

            

    

     

    
      	
              4.1  

            	
              The
      following rights are excepted and reserved from this lease to the Landlord
      for the benefit of the Landlord's Neighbouring Property and to the extent
      possible for the

            

    

     

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

     

    benefit
of any neighbouring or adjoining property in which the Landlord acquires an
interest during the term:

     

    
      	
              (a)  

            	
              rights
      of light, air, support and protection to the extent those rights are
      capable of being enjoyed at any time during the
  term;

            

    

     

    
      	
              (b)  

            	
              the
      right to use and to connect into Service Media at the Property which are
      in existence at the date of this lease or which are installed or
      constructed during the period of 80 years from the commencement of the
      term (and that period is the perpetuity period for the purposes of section
      1 of the Perpetuities and Accumulations Act
  1964);

            

    

     

    
      	
              (c)  

            	
              at
      any time during the term, the full and free right to develop the
      Landlord's Neighbouring Property and any neighbouring or adjoining
      property in which the Landlord acquires an interest during the Contractual
      Term as the Landlord may think fit;

            

    

     

    
      	
              (d)  

            	
              the
      right to erect scaffolding at the Property and attach it to any building
      or structure on the Property in connection with any of the
      Reservations;

            

    

     

    
      	
              (e)  

            	
              the
      right to attach any structure, fixture or fitting to the boundary of the
      Property in connection with any of the Reservations;
  and

            

    

     

    
      	
              (f)  

            	
              the
      right to re-route any Service Media at or serving the Property or re-route
      any means of access to or egress from the
  Property,

            

    

     

     notwithstanding
that the exercise of any of the Reservations or the works carried out pursuant
to them result in a reduction in the flow of light or air to the Property or
loss of amenity for the Property.

     

    
      	
              4.2  

            	
              The
      Landlord reserves the right to enter the
  Property:

            

    

     

    
      	
              (a)  

            	
              to
      repair, maintain or replace any Service Media or structure relating to any
      of the Reservations; and

            

    

     

    
      	
              (b)  

            	
              for
      any other purpose mentioned in or connected
  with:

            

    

     

    
      	
              (i)  

            	
              this
      lease;

            

    

     

    
      	
              (ii)  

            	
              the
      Reservations; and

            

    

     

    
      	
              (iii)  

            	
              the
      interest of the Landlord in the
Property.

            

    

     

    
      	
              4.3  

            	
              The
      Reservations may be exercised by the Landlord and by anyone else who is or
      becomes entitled to exercise them, and by anyone authorised by the
      Landlord.

            

    

     

    
      	
              4.4  

            	
              The
      Tenant shall allow all those entitled to exercise any right to enter the
      Property, to do so with their workers, contractors, agents and
      professional advisors, and to enter the Property at any reasonable time
      (whether or not during usual business hours) and, except in the case of an
      emergency, after having given reasonable written notice to the
      Tenant.

            

    

     

    
    

    
      
         

      

      
        10

        
          

        

      

      
         

      

    

     

    
      	
              4.5  

            	
              No
      party exercising any of the Reservations, nor its workers, contractors,
      agents and professional advisors, shall be liable to the Tenant or to any
      undertenant or other occupier of or person at the Property for any loss,
      damage, injury, nuisance or inconvenience arising by reason of its
      exercising any of the Reservations except
for:

            

    

     

    
      	
              (a)  

            	
              physical
      damage to the Property; or

            

    

     

    
      	
              (b)  

            	
              any
      loss, damage, injury, nuisance or inconvenience in relation to which the
      law prevents the Landlord from excluding
  liability.

            

    

     

    
      	
              5.  

            	
              Third party
rights

            

    

     

    
      	
              5.1  

            	
              The
      Tenant shall comply with all obligations on the Landlord relating to the
      Third Party Rights (insofar as those obligations relate to the Property)
      and shall not do anything (even if otherwise permitted by this lease) that
      may interfere with any Third Party
Right.

            

    

     

    
      	
              5.2  

            	
              The Tenant shall allow the Landlord and any other
      person authorised by the terms of the Third Party Right to enter the
      Property in accordance with its
terms.

            

    

     

    
      	
              6.  

            	
              The Annual Rent 

            

    

     

    
      	
              6.1  

            	
              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. The
      payments shall be made by banker's standing order or by any other method
      that the Landlord requires at any time by giving notice to the
      Tenant.

            

    

     

    
      	
              6.2  

            	
              The
      first instalment of the Annual Rent and any VAT in respect of it shall be
      made on the date of this lease and shall be the proportion, calculated on
      a daily basis, in respect of the period from the date of this lease until
      the day before the next Rent Payment
Date.

            

    

     

    
      	
              7.  

            	
              Service
      Charge

            

    

     

    
      	
              7.1  

            	
              The
      Tenant shall pay the Service Charge and any VAT in respect of it within 7
      days of written demand to the
Landlord.

            

    

     

    
      	
              8.  

            	
              Insurance

            

    

     

    
      	
              8.1  

            	
              Subject
      to clause 8.2,  the Landlord shall keep the Property (other than any
      plate glass at the Property) insured against loss or damage by the Insured
      Risks for the sum which the Landlord considers to be its full
      reinstatement cost (taking inflation of building costs into account). The
      Landlord shall not be obliged to insure any part of the Property installed
      by the Tenant.

            

    

     

    
    

    
      
         

      

      
        11

        
          

        

      

      
         

      

    

     

    
      	
              8.2  

            	
              The obligation of the Landlord to insure is subject
      to:

            

    

     

    
      	
              (a)  

            	
              any
      exclusions, limitations, excesses and conditions that may be imposed by
      the insurers;

            

    

     

    
      	
              (b)  

            	
              insurance
      being available in the London insurance market on reasonable terms
      acceptable to the Landlord; and

            

    

     

    
      	
              (c)  

            	
              in
      relation to Insured Risks resulting from an act of terrorism, the Landlord
      having (from time to time) extended its insurance cover to damage
      resulting from any such act.

            

    

     

    
      	
              8.3  

            	
              The
      Tenant shall pay to the Landlord on
demand:

            

    

     

    
      	
              (a)  

            	
              the
      Insurance Rent;

            

    

     

    
      	
              (b)  

            	
              any
      amount that is deducted or disallowed by the insurers pursuant to any
      excess provision in the insurance policy;
and

            

    

     

    
      	
              (c)  

            	
              any
      costs that the Landlord incurs in obtaining a valuation of the Property
      for insurance purposes.

            

    

     

    If the
Landlord insures the Property together with other land, the amount of the
Insurance Rent shall be a fair proportion of the total for the Property and the
other land.

     

    
      	
              8.4  

            	
              The
      Tenant shall:

            

    

     

    
      	
              (a)  

            	
              give
      the Landlord notice immediately any matter occurs that any insurer or
      underwriter may treat as material in deciding whether or on what terms to
      insure or to continue to insure the
Property;

            

    

     

    
      	
              (b)  

            	
              not
      do or omit anything as a result of which any policy of insurance of the
      Property or any neighbouring property may become void or voidable or
      otherwise prejudiced, or the payment of any policy money may be withheld,
      nor (unless the Tenant has previously notified the Landlord and has paid
      any increased or additional premium) anything as a result of which any
      increased or additional insurance premium may become
    payable;

            

    

     

    
      	
              (c)  

            	
              comply
      at all times with the requirements and recommendations of the insurers
      relating to the Property;

            

    

     

    
      	
              (d)  

            	
              give
      the Landlord immediate notice of the occurrence of any damage or loss
      relating to the Property arising from an Insured
  Risks;

            

    

     

    
      	
              (e)  

            	
              not
      effect any insurance of the Property (except any plate glass at the
      Property), but if it becomes entitled to the benefit of any insurance
      proceeds in respect of the Property (other than in respect of plate glass)
      pay those proceeds or cause them to be paid to the Landlord;
      and

            

    

     

    
      	
              (f)  

            	
              pay
      the Landlord an amount equal to any insurance money that the insurers of
      the Property refuse to pay by reason of any act or omission of the
      Tenant

            

    

     

    
      
         

      

      
        12

        
          

        

      

      
         

      

    

    or any
undertenant, their workers, contractors or agents or any person at the Property
with the actual or implied authority of any of them.

     

    
      	
              8.5  

            	
              The
      Landlord shall, subject to obtaining all necessary planning and other
      consents, use all insurance money received (other than for loss of rent)
      to repair the damage for which the money has been received or (as the case
      may be) in rebuilding the Property. The Landlord shall not be obliged
      to:

            

    

     

    
      	
              (a)  

            	
              provide
      accommodation identical in layout or design so long as accommodation
      reasonably equivalent to that previously at the Property is provided;
      or

            

    

     

    
      	
              (b)  

            	
              repair
      or rebuild if the Tenant has failed to pay any of the Insurance Rent;
      or

            

    

     

    
      	
              (c)  

            	
              repair
      or rebuild the Property after a notice has been served pursuant to clause
      8.7.

            

    

     

    
      	
              8.6  

            	
              If
      the Property is damaged or destroyed by an Insured Risk so as to be unfit
      for occupation and use then, unless the policy of insurance of the
      Property has been vitiated in whole or in part in consequence of any act
      or omission of the Tenant, any undertenant or their respective workers,
      contractors or agents or any other person on the Property with the actual
      or implied authority of any of them, payment of the Annual Rent, or a fair
      proportion of it according to the nature and extent of the damage, shall
      be suspended until the Property has been reinstated and made fit for
      occupation and use, or until the end of five years from the date of damage
      or destruction, if sooner.

            

    

     

    
      	
              8.7  

            	
              If, following damage to or destruction of the
      Property, the Landlord considers that it is impossible or impractical to
      reinstate the Property, the Landlord may terminate this lease by giving 3
      month's written notice to the Tenant. On giving notice this lease shall
      determine but this shall be without prejudice to any right or remedy of
      the Landlord in respect of any breach of tenant covenants of this lease.
      Any proceeds of the insurance (other than any insurance for plate glass)
      shall belong to the Landlord.

            

    

     

    
      	
              9.  

            	
              Rates and taxes

            

    

     

    
      	
              9.1  

            	
              The
      Tenant shall pay all present and future rates, taxes and other impositions
      payable in respect of the Property, its use and any works carried out
      there, other than:

            

    

     

    
      	
              (a)  

            	
              any
      taxes payable by the Landlord in connection with any dealing with or
      disposition of the reversion to this lease;
or

            

    

     

    
      	
              (b)  

            	
              any
      taxes, other than VAT and insurance premium tax, payable by the Landlord
      by reason of the receipt of any of the rents due under this
      lease.

            

    

     

    
      	
              9.2  

            	
              If
      any rates, taxes or other impositions are payable in respect of the
      Property together with other property, the Tenant shall pay a fair
      proportion of the amount payable.

            

    

     

    
      
         

      

      
        13

        
          

        

      

      
         

      

    

     

    
      	
              9.3  

            	
              The
      Tenant shall not make any proposal to alter the rateable value of the
      Property or that value as it appears on any draft rating list, without the
      approval of the Landlord.

            

    

     

    
      	
              9.4  

            	
              If,
      after the end of the term, the Landlord loses rating relief (or any
      similar relief or exemption) because it has been allowed to the Tenant,
      then the Tenant shall pay the Landlord an amount equal to the relief or
      exemption that the Landlord has
lost.

            

    

     

    
      	
              10.  

            	
              Utilities

            

    

     

    
      	
              10.1  

            	
              The
      Tenant shall pay all costs in connection with the supply and removal of
      the Utilities directly to and from the
Property.

            

    

     

    
      	
              10.2  

            	
              If
      any of those costs are payable in relation to the Property together with
      other property, the Tenant shall pay a fair proportion of all those
      costs.

            

    

     

    
      	
              10.3  

            	
              The
      Tenant shall comply with all laws and with any recommendations of the
      relevant suppliers relating to the use of those
  Utilities.

            

    

     

    
      	
              11.  

            	
              Common Items

            

    

     

    
      	
              11.1  

            	
              The
      Tenant shall pay the Landlord on demand a fair proportion of all costs
      payable for the maintenance, repair, and renewal of all Service Media,
      structures and other items used or capable of being used by the Property
      in common with other property.

            

    

     

    
      	
              11.2  

            	
              The
      Tenant shall comply with all reasonable regulations the Landlord may make
      from time to time in connection with the use of any of those Service
      Media, structures or other items.

            

    

     

    
      	
              12.  

            	
              VAT

            

    

     

    
      	
              12.1  

            	
              All
      sums payable by the Tenant are exclusive of any VAT that may be
      chargeable. The Tenant shall pay VAT in respect of all taxable supplies
      made to it in connection with this lease on the due date for making any
      payment or, if earlier, the date on which that supply is made for VAT
      purposes.

            

    

     

    
      	
              12.2  

            	
              Every
      obligation on the Tenant, under or in connection with this lease, to pay
      the Landlord or any other person any sum by way of a refund or indemnity,
      shall include an obligation to pay an amount equal to any VAT incurred on
      that sum by the Landlord or other person except, to the extent that the
      Landlord or other person obtains credit for such VAT under the Value Added
      Tax Act 1994.

            

    

     

    
      
         

      

      
        14

        
          

        

      

      
         

      

    

     

    
      	
              13.  

            	
              Default interest and
interest

            

    

     

    
      	
              13.1  

            	
              If
      any Annual Rent or any other money payable under this lease has not been
      paid by the date it is due, whether it has been formally demanded or not,
      the Tenant shall pay the Landlord interest at the Default Interest Rate
      (both before and after any judgment) on that amount for the period from
      the due date to and including the date of
  payment.

            

    

     

    
      	
              13.2  

            	
              If
      the Landlord does not demand or accept any Annual Rent or other money due
      or tendered under this lease because the Landlord reasonably believes that
      the Tenant is in breach of any of the tenant covenants of this lease, then
      the Tenant shall, when that amount is accepted by the Landlord, also pay
      interest at the Interest Rate on that amount for the period from the date
      the amount (or each part of it) became due until the date it is accepted
      by the Landlord.

            

    

     

    
      	
              14.  

            	
              Costs

            

    

     

    
      	
              14.1  

            	
              The
      Tenant shall pay the costs and expenses of the Landlord including any
      solicitors' or other professionals' costs and expenses (incurred both
      during and after the end of the term) in connection with or in
      contemplation of:

            

    

     

    
      	
              (a)  

            	
              the
      enforcement of the tenant covenants of this
  lease;

            

    

     

    
      	
              (b)  

            	
              serving
      any notice in connection with this lease under section 146 or 147 of the
      Law of Property Act 1925 or taking any proceedings under either of those
      sections, notwithstanding that forfeiture is avoided otherwise than by
      relief granted by the court;

            

    

     

    
      	
              (c)  

            	
              serving
      any notice in connection with this lease under section 17 of the Landlord
      and Tenant (Covenants) Act 1995;

            

    

     

    
      	
              (d)  

            	
              the
      preparation and service of a schedule of dilapidations in connection with
      this lease; and

            

    

     

    
      	
              (e)  

            	
              any
      consent or approval applied for under this lease, whether or not it is
      granted (unless the consent or approval is unreasonably withheld by the
      Landlord in circumstances where the Landlord is not unreasonably to
      withhold it ).

            

    

     

    
      	
              14.2  

            	
              Where
      the Tenant is obliged to pay or indemnify the Landlord against any
      solicitors' or other professionals' costs and expenses (whether under this
      or any other clause of this lease) that obligation extends to those costs
      and expenses assessed on a full indemnity
basis.

            

    

     

    
      	
              15.  

            	
              Compensation on
vacating

            

    

     

    Any right
of the Tenant or anyone deriving title under the Tenant to claim compensation
from the Landlord on leaving the Property under the Landlord and

     

    
      
         

      

      
        15

        
          

        

      

      
         

      

    

     

    Tenant
Act 1927 or the 1954 Act is excluded, except to the extent that the legislation
prevents that right being excluded.

     

    
      	
              16.  

            	
              No deduction, counterclaim or
  set-off

            

    

     

    The
Annual Rent and all other money due under this lease are to be paid by the
Tenant or any guarantor (as the case may be) without deduction, counterclaim or
set-off.

     

    
      	
              17.  

            	
              Assignments

            

    

     

    
      	
              17.1  

            	
              The
      Tenant shall not assign the whole of this lease without the consent of the
      Landlord, such consent not to be unreasonably
  withheld.

            

    

     

    
      	
              17.2  

            	
              The
      Tenant shall not assign part only of this
lease.

            

    

     

    
      	
              17.3  

            	
              The
      Landlord and the Tenant agree that for the purposes of section 19(1A) of
      the Landlord and Tenant Act 1927 the Landlord may give its consent to an
      assignment subject to all or any of the following
    conditions:

            

    

     

    
      	
              (a)  

            	
              a
      condition that the assignor (and any former tenant who because of section
      11 of the Landlord and Tenant (Covenants) Act 1995 has not been released
      from the tenant covenants of this lease) enters into an authorised
      guarantee agreement which:

            

    

     

    
      	
              (i)  

            	
              is
      in respect of all the tenant covenants of this
  lease;

            

    

     

    
      	
              (ii)  

            	
              is
      in respect of the period beginning with the date the assignee becomes
      bound by those covenants and ending on the date when the assignee is
      released from those covenants by virtue of section 5 of the Landlord and
      Tenant (Covenants) Act 1995;

            

    

     

    
      	
              (iii)  

            	
              imposes
      principal debtor liability on the assignor (and any former
      tenant);

            

    

     

    
      	
              (iv)  

            	
              requires
      (in the event of a disclaimer of liability under this lease) the assignor
      (or former tenant as the case may be) to enter into a new tenancy for a
      term equal to the unexpired residue of the Contractual Term;
      and

            

    

     

    
      	
              (v)  

            	
              is
      otherwise in a form reasonably required by the Landlord;
    and

            

    

     

    
      	
              (b)  

            	
              a
      condition that a person of standing acceptable to the Landlord enters into
      a guarantee and indemnity of the tenant covenants of this lease in the
      form reasonably required by the Landlord (but with such amendments and
      additions as the Landlord may reasonably
  require).

            

    

     

    
      
        
        

      

      
        16

        
          

        

      

      
        
        

      

    

    
      	
              17.4  

            	
              The
      Landlord and the Tenant agree that for the purposes of section 19(1A) of
      the Landlord and Tenant Act 1927 the Landlord may refuse its consent to an
      assignment if any Annual Rent or other money due under this lease is
      outstanding.

            

    

     

    
      	
              17.5  

            	
              Nothing
      in this clause 17 shall prevent the Landlord from giving consent subject
      to any other reasonable condition, nor from refusing consent to an
      assignment in any other circumstance where it is reasonable to do
      so.

            

    

     

    
      	
              18.  

            	
              Underlettings

            

    

     

    
      	
              18.1  

            	
              The
      Tenant shall not underlet the whole of the Property except in accordance
      with this clause 18 nor without the consent of the Landlord, such consent
      not to be unreasonably withheld.

            

    

     

    
      	
              18.2  

            	
              The
      Tenant shall not underlet part only of the
  Property.

            

    

     

    
      	
              18.3  

            	
              The
      Tenant shall not underlet the
Property:

            

    

     

    
      	
              (a)  

            	
              together
      with any property or any right over property that is not included within
      this lease

            

    

     

    
      	
              (b)  

            	
              at
      a fine or premium or reverse
premium

            

    

     

    
      	
              (c)  

            	
              allowing
      any rent free period to the
undertenant

            

    

     

    
      	
              (d)  

            	
              without
      the Tenant having first procured that the prospective undertenant has
      entered into such confidentiality undertakings with the Landlord regarding
      the proposed underlease that the Landlord may in its absolute discretion
      require

            

    

     

    
      	
              18.4  

            	
              The
      Tenant shall not underlet the Property unless, before the underlease is
      granted, the Tenant has given the
Landlord:

            

    

     

    
      	
              (a)  

            	
              a
      certified copy of the notice served on the undertenant, as required by
      section 38A(3)(a) of the 1954 Act, applying to the tenancy to be created
      by the underlease; and

            

    

     

    
      	
              (b)  

            	
              a
      certified copy of the declaration or statutory declaration made by the
      undertenant in accordance with the requirements of section 38A(3)(b) of
      the 1954 Act.

            

    

     

    
      
        
        

      

      
        17

        
          

        

      

      
        
        

      

    

     

    
      	
              18.5  

            	
              Any
      underletting by the Tenant shall be by deed and shall
    include:

            

    

     

    
      	
              (a)  

            	
              an
      agreement between the Tenant and the undertenant that the provisions of
      sections 24 to 28 of the 1954 Act are excluded from applying to the
      tenancy created by the underlease;

            

    

     

    
      	
              (b)  

            	
              the
      reservation of a rent which is not less than the full open market rental
      value of the Property at the date the Property is underlet and which is
      payable at the same times as the Annual Rent under this
    lease;

            

    

     

    
      	
              (c)  

            	
              provisions
      for the review of rent at the same dates and on the same basis as the
      review of rent in this lease, unless the term of the underlease does not
      extend beyond the next Review Date;

            

    

     

    
      	
              (d)  

            	
              a
      covenant by the undertenant, enforceable by and expressed to be
      enforceable by the Landlord (as superior landlord at the date of grant)
      and its successors in title in their own right, to observe and perform the
      tenant covenants in the underlease and any document that is supplemental
      or collateral to it and the tenant covenants in this lease, except the
      covenants to pay the rents reserved by this
  lease;

            

    

     

    
      	
              (e)  

            	
              provisions
      requiring the consent of the Landlord to be obtained in respect of any
      matter for which the consent of the Landlord is required under this lease;
      and

            

    

     

    
      	
              (f)  

            	
              in
      the case of an underlease that is not substantively registrable at HM Land
      Registry, a covenant by the undertenant not to register any notice of the
      underlease at HM Land Registry,

            

    

     

    and shall
otherwise be consistent with and include tenant covenants no less onerous (other
than as to the Annual Rent) than those in this lease and in a form approved by
the Landlord, such approval not to be unreasonably withheld.

     

    
      	
              18.6  

            	
              In
      relation to any underlease granted by the Tenant, the Tenant
      shall:

            

    

     

    
      	
              (a)  

            	
              not
      vary the terms of the underlease nor accept a surrender of the underlease
      without the consent of the Landlord, such consent not to be unreasonably
      withheld;

            

    

     

    
      	
              (b)  

            	
              enforce
      the tenant covenants in the underlease and not waive any of them nor allow
      any reduction in the rent payable under the
  underlease;

            

    

     

    
      	
              (c)  

            	
              ensure
      that in relation to any rent review the revised rent is not agreed without
      the approval of the Landlord, such approval not to be unreasonably
      withheld; and

            

    

     

    
      	
              (d)  

            	
              where
      the underlease is not substantively registrable at HM Land Registry, not
      register or agree to the registration of any notice of the
      underlease.

            

    

     

     

    
      
        
        

      

      
        18

        
          

        

      

      
        
        

      

    

    
      	
              19.  

            	
              Sharing
occupation

            

    

     

    The
Tenant may not share occupation of the Property with any person.

     

    
      	
              20.  

            	
              Charging

            

    

     

    
      	
              20.1  

            	
              The
      Tenant shall not charge the whole of this lease without the consent of the
      Landlord, such consent not to be unreasonably
  withheld.

            

    

     

     

    
      	
              20.2  

            	
              The
      Tenant shall not charge part only of this
lease.

            

    

     

    
      	
              21.  

            	
              Prohibition of other
dealings

            

    

     

    Except as
expressly permitted by this lease, the Tenant shall not assign, underlet,
charge, part with or share possession or share occupation of this lease or the
Property or hold the lease on trust for any person (except pending registration
of a dealing permitted by this lease at HM Land Registry or by reason only of
joint legal ownership).

     

    
      	
              22.  

            	
              Registration and notification of dealings and
      occupation

            

    

     

    
      	
              22.1  

            	
              In
      this clause a Transaction
      is:

            

    

     

    
      	
              (a)  

            	
              any
      dealing with this lease or the devolution or transmission of, or parting
      with possession of any interest in it;
or

            

    

     

    
      	
              (b)  

            	
              the
      creation of any underlease or other interest out of this lease, or out of
      any interest, underlease derived from it, and any dealing, devolution or
      transmission of, or parting with possession of any such interest or
      underlease; or

            

    

     

    
      	
              (c)  

            	
              the
      making of any other arrangement for the occupation of the
      Property.

            

    

     

    
      	
              22.2  

            	
              In
      respect of every Transaction that is registrable at HM Land Registry, the
      Tenant shall promptly following completion of the Transaction apply to
      register it (or procure that the relevant person so applies). The Tenant
      shall (or shall procure that) any requisitions raised by HM Land Registry
      in connection with an application to register a Transaction are dealt with
      promptly and properly. Within one month of completion of the registration,
      the Tenant shall send the Landlord official copies of its title (and where
      applicable of the undertenant's
title).

            

    

     

    
      	
              22.3  

            	
              No
      later than one month after a Transaction the Tenant
  shall:

            

    

     

    
      	
              (a)  

            	
              give
      the Landlord's solicitors notice of the
  Transaction;

            

    

     

    
      	
              (b)  

            	
              deliver
      two certified copies of any document effecting the Transaction to the
      Landlord's solicitors; and

            

    

     

    
      	
              (c)  

            	
              pay
      the Landlord's solicitors a registration fee of £50 (plus
      VAT).

            

    

     

    
      
        
        

      

      
        19

        
          

        

      

      
        
        

      

    

    
      	
              22.4  

            	
              If
      the Landlord so requests, the Tenant shall promptly supply the Landlord
      with full details of the occupiers of the Property and the terms upon
      which they occupy it.

            

    

     

    
      	
              23.  

            	
              Prohibition of noting lease on the Landlord's
      title

            

    

     

    The
Tenant shall not make any application to note this lease on the Landlord's
registered title or to register a caution against first registration of the
Landlord's interest in the Property.

     

    
      	
              24.  

            	
              Repairs

            

    

     

    
      	
              24.1  

            	
              The
      Tenant shall keep the Property clean and tidy and in good repair and
      condition.

            

    

     

    
      	
              24.2  

            	
              The
      Tenant shall not be liable to repair the Property to the extent that any
      disrepair has been caused by Insured Risks, unless and to the extent
      that:

            

    

     

    
      	
              (a)  

            	
              the
      policy of insurance of the Property has been vitiated or any insurance
      proceeds withheld in consequence of any act or omission of the Tenant, any
      undertenant or their respective workers, contractors or agents or any
      person on the Property with the actual or implied authority of any of
      them; or

            

    

     

    
      	
              (b)  

            	
              the
      insurance cover in relation to that disrepair is excluded, limited, is
      unavailable or has not been extended, as mentioned in clause
      8.2.

            

    

     

    
      	
              24.3  

            	
              The
      Tenant shall keep the external areas of the Property in a clean and tidy
      condition and not allow any rubbish or waste to be left there. The Tenant
      shall clean all windows at the Property as often as is
      necessary.

            

    

     

    
      	
              25.  

            	
              Decoration

            

    

     

    
      	
              25.1  

            	
              The
      Tenant shall decorate the outside and the inside of the Property as often
      as is reasonably necessary and also in the last three months before the
      end of the term.

            

    

     

    
      	
              25.2  

            	
              All
      decoration shall be carried out in a good and proper manner using good
      quality materials that are appropriate to the Property and the Permitted
      Use and shall include all appropriate preparatory
  work.

            

    

     

    
      	
              25.3  

            	
              All
      decoration carried out in the last three months of the term shall also be
      carried out to the satisfaction of the Landlord and using materials,
      designs and colours approved by the
Landlord.

            

    

     

    
      	
              25.4  

            	
              The
      Tenant shall replace the floor coverings at the Property within the three
      months before the end of the term with new ones of good quality and
      appropriate to the Property and the Permitted
  Use.

            

    

     

    
      
        
        

      

      
        20

        
          

        

      

      
        
        

      

    

     

    
      	
              26.  

            	
              Alterations

            

    

     

    
      	
              26.1  

            	
              The
      Tenant shall not make any external or structural alteration or addition to
      the Property and shall not make any opening in any boundary structure of
      the Property other than as mentioned in clause
  26.3.

            

    

     

     

    
      	
              26.2  

            	
              The
      Tenant shall not install any Service Media on the exterior of the Property
      nor alter the route of any Service Media at the Property without the
      consent of the Landlord, such consent not to be unreasonably
      withheld.

            

    

     

     

    
      	
              26.3  

            	
              The Tenant may install and remove non-structural,
      demountable partitioning provided that it makes good any damage to the
      Property.

            

    

     

     

    
      	
              27.  

            	
              Permitted
      Alterations

            

    

     

    
      	
              27.1  

            	
              Subject
      to the terms of this clause 27 the Tenant
      shall be permitted to carry out the works identified in the Schedule (“the
      Permitted Works”)

            

    

     

    
      	
              27.2  

            	
              If
      the Permitted Works are commenced:

            

    

     

    
      	
              (a)  

            	
              To
      obtain all consents required for the execution and retention of the
      Permitted Works (whether under any Statute or from the owners of any
      interest in or occupiers of adjoining or neighbouring property or
      otherwise); and

            

    

     

    
      	
              (b)  

            	
              to
      comply with all the terms and conditions contained in the consents and
      approvals relating to the Permitted Works and to serve all notices
      required to be served (whether under any Statute or otherwise) prior to
      the commencement of the Permitted Works  and to ensure that it
      is otherwise lawful to commence the Permitted Works;
  and

            

    

     

    
      	
              (c)  

            	
              to
      carry out the Permitted Works with all due diligence and speed in a good
      and workmanlike manner with new good and sound materials  and
      complete them in their entirety in accordance with the Plans and
      Specification within six months after the date of commencement;
      and

            

    

     

    
      	
              (d)  

            	
              to
      execute the Permitted Works in accordance with the terms and conditions of
      all consents and approvals granted in respect of the same the requirements
      of all statutes and all insurers of the Property and the regulations laid
      down by the Institute of Electrical Engineers and all other similar
      regulatory bodies; and

            

    

     

    
      	
              (e)  

            	
              to
      be responsible for compliance with and to comply with the terms and
      conditions of all consents and approvals granted in respect of the
      Permitted Works and with the requirements of all statutes and all insurers
      of the Property applicable to arising from or imposed as a result of the
      execution or retention of the Permitted Works;
  and

            

    

     

    
      	
              (f)  

            	
              if
      the Permitted Works constitute construction work covered by the CDM
      Regulations to elect in writing to be treated for the purposes of the CDM
      Regulations as the only client and to ensure compliance with the CDM
      Regulations and following completion of the alterations or works to supply
      a copy of the health and safety file to the Landlord and at all times
      during the Term to keep and update any health and safety file in regard to
      the Property and to deliver the same up to the Landlord at the end or
      sooner determination of the Term;
and

            

    

     

    
      
        
        

      

      
        21

        
          

        

      

      
        
        

      

    

    
      	
              (g)  

            	
              on
      completion of the Permitted Works to remove all debris and equipment from
      the Property to make good any damage (decorative or otherwise) caused to
      the Property by the execution of the Permitted Works to clean the Property
      and then to notify the Landlord in writing that each of such obligations
      have been complied with (and the Permitted Works shall not be considered
      to have been completed for the purposes of satisfying any obligation under
      this deed until this covenant has been complied with);
  and

            

    

     

    
      	
              (h)  

            	
              to
      supply to the Landlord on demand all such copy documents information and
      evidence as it may reasonably require in order to satisfy itself that the
      provisions of this deed have been complied with;
  and

            

    

     

    
      	
              (i)  

            	
              to
      permit the Landlord and all others authorised by it to enter the Property
      at all reasonable times and on reasonable prior notice for the purpose of
      inspecting the Permitted Works or any unauthorised works;
    and

            

    

     

    
      	
              (j)  

            	
              if
      any consent implemented by the Tenant requires the execution of further
      works then if requested to do so by the Landlord to execute such further
      works and complete them in their entirety prior to the end of the Term
      (whether or not such consent specifies a later date);
  and

            

    

     

    
      	
              (k)  

            	
              unless
      requested not to do so by the Landlord or unless a new lease is to be
      granted to the Tenant at the end of the Term (containing provisions for
      the reinstatement of the Property prior to the end of the term of such new
      lease to the same effect as those contained in this deed) to reinstate the
      Property prior to the end of the Term by removing all works executed
      pursuant to this deed and restoring those parts of the Property affected
      by such works to the state and condition in which they were prior to their
      execution

            

    

     

    
      	
              27.3  

            	
              To
      ensure that the execution of the Permitted Works does
  not:

            

    

     

    
      	
              (a)  

            	
              cause
      any damage disturbance annoyance or nuisance to any owner of any interest
      in or occupier of the Property and/or adjoining or neighbouring property
      or any other person;

            

    

     

    
      	
              (b)  

            	
              cause
      any damage or disturbance to the structure of or any plant or machinery at
      the Property or to any adjoining or neighbouring
  property;

            

    

     

    
      	
              (c)  

            	
              infringe
      interrupt or destroy any right easement or
  privilege;

            

    

     

    
      	
              (d)  

            	
              interrupt
      any service to or from adjoining or neighbouring
  property;

            

    

     

    
      	
              (e)  

            	
              vitiate
      (in whole or in part) or increase the premiums payable in respect of any
      insurance of the Property and/or adjoining or neighbouring
      property;

            

    

     

    
      	
              27.4  

            	
              To
      indemnify and keep the Landlord indemnified against all claims demands
      actions or proceedings made or brought and all losses damages costs
      expenses and liabilities incurred suffered or arising directly or
      indirectly in respect of or otherwise
connected

            

    

     

    
      
         

      

      
        22

        
          

        

      

      
         

      

    

    with the
commencement execution or retention of the Permitted Works or any breach of this
clause.

     

    
      	
              28.  

            	
              Signs, aerials and
  masts

            

    

     

    
      	
              28.1  

            	
              In
      this clause 28 Signs include signs,
      fascia, placards, boards, posters and
  advertisements.

            

    

     

    
      	
              28.2  

            	
              The
      Tenant shall not attach any Signs to the exterior of the Property or
      display any inside the Property so as to be seen from the outside, except
      Signs of a design, size and number and in a position that are appropriate
      to the Property and the Permitted Use, without the consent of the
      Landlord, such consent not to be unreasonably
  withheld.

            

    

     

    
      	
              28.3  

            	
              Before
      the end of the term, the Tenant shall remove any Signs placed by it at the
      Property and shall make good any damage caused to the Property by that
      removal.

            

    

     

    
      	
              28.4  

            	
              The
      Tenant shall allow the Landlord to fix to and keep at the Property any
      sale or re-letting board as the Landlord reasonably
    requires.

            

    

     

    
      	
              29.  

            	
              Returning the Property to the
      Landlord

            

    

     

    
      	
              29.1  

            	
              At
      the end of the term the Tenant shall return the Property to the Landlord
      in the repair and condition required by this
  lease.

            

    

     

    
      	
              29.2  

            	
              the
      Tenant shall remove items it has fixed to the Property and make good any
      damage caused to the Property by that removal
..

            

    

     

    
      	
              29.3  

            	
              At
      the end of the term, the Tenant shall remove from the Property all
      chattels belonging to or used by
it.

            

    

     

    
      	
              29.4  

            	
              The
      Tenant irrevocably appoints the Landlord to be the agent for the Tenant to
      store or dispose of any chattels or items it has fixed to the Property and
      which have been left by the Tenant on the Property for more than 10 weeks
      after the end of the term. The Landlord shall not be liable to the Tenant
      by reason of that storage or disposal. The Tenant shall indemnify the
      Landlord in respect of any claim made by a third party in relation to that
      storage or disposal.

            

    

     

    
      	
              29.5  

            	
              If
      the Tenant does not comply with its obligations in this clause, then,
      without prejudice to any other right or remedy of the Landlord, the Tenant
      shall pay the Landlord an amount equal to the Annual Rent the period that
      it would reasonably take to put the Property into the condition it would
      have been in had the Tenant
performed

            

    

     

    
      
         

      

      
        23

        
          

        

      

      
         

      

    

     

     its
obligations under this clause. The amount shall be a debt due on demand from the
Tenant to the Landlord.

     

    
      	
              30.  

            	
              Use

            

    

     

    
      	
              30.1  

            	
              The
      Tenant shall not use the Property for any purpose other than the Permitted
      Use.

            

    

     

    
      	
              30.2  

            	
              The
      Tenant shall not use the Property for any illegal purpose nor for any
      purpose or in a manner that would cause loss, damage, injury, nuisance or
      inconvenience to the Landlord or any other owners, tenants or occupiers of
      any owner or occupier of neighbouring
property.

            

    

     

     

    
      	
              30.3  

            	
              The
      Tenant shall not overload any structural part of the Property nor any
      Service Media at or serving the
Property.

            

    

     

    
      	
              31.  

            	
              Compliance with
laws

            

    

     

    
      	
              31.1  

            	
              The
      Tenant shall comply with all laws relating
to:

            

    

     

    
      	
              (a)  

            	
              the
      Property and the occupation and use of the Property by the
      Tenant;

            

    

     

    
      	
              (b)  

            	
              the
      use of all Service Media and machinery and equipment at or serving the
      Property;

            

    

     

    
      	
              (c)  

            	
              any
      works carried out at the Property;
and

            

    

     

    
      	
              (d)  

            	
              all
      materials kept at or disposed from the
Property.

            

    

     

    
      	
              31.2  

            	
              Without
      prejudice to any obligation on the Tenant to obtain any consent or
      approval under this lease, the Tenant shall carry out all works that are
      required under any law to be carried out at the Property by the
      occupier.

            

    

     

     

    
      	
              31.3  

            	
              Within
      5 days after receipt of any notice or other communication affecting the
      Property (and whether or not served pursuant to any law) the Tenant
      shall:

            

    

     

    
      	
              (a)  

            	
              send
      a copy of the relevant document to the Landlord;
  and

            

    

     

    
      	
              (b)  

            	
              take
      all steps necessary to comply with the notice or other communication and
      take any other action in connection with it as the Landlord may
      require.

            

    

     

    
      	
              31.4  

            	
              The
      Tenant shall not apply for any planning permission for the
      Property.

            

    

     

    
      	
              31.5  

            	
              The
      Tenant shall not carry out any works at the Property in respect of which
      the CDM Regulations apply without the consent of the Landlord. Such
      consent is not to be unreasonably withheld in the case of works in respect
      of which the Landlord is not

            

    

     

    
      
         

      

      
        24

        
          

        

      

      
         

      

    

         otherwise to
withhold its consent unreasonably or which the Tenant is obliged to carry out
under the terms of this lease.

     

    
      	
              31.6  

            	
              The
      Tenant shall maintain the health and safety file for the Property in
      accordance with the CDM Regulations and shall give it to the Landlord at
      the end of the term.

            

    

     

    
      	
              31.7  

            	
              As
      soon as the Tenant becomes aware of any defect in the Property, it shall
      give the Landlord notice of it. The Tenant shall indemnify the Landlord
      against any liability under the Defective Premises Act 1972 in relation to
      the Property by reason of any failure of the Tenant to comply with any of
      the tenant covenants in this lease.

            

    

     

    
      	
              31.8  

            	
              The
      Tenant shall keep the Property equipped with all fire prevention,
      detection and fighting machinery and equipment and fire alarms which are
      required under all relevant laws or required by the insurers of the
      Property or reasonably recommended by them or reasonably required by the
      Landlord and shall keep that machinery, equipment and alarms properly
      maintained and available for
inspection.

            

    

     

    
      	
              32.  

            	
              Encroachments, obstructions and acquisition of
      rights

            

    

     

    
      	
              32.1  

            	
              The
      Tenant shall not grant any right or licence over the Property to a third
      party.

            

    

     

    
      	
              32.2  

            	
              If
      a third party makes or attempts to make any encroachment over the Property
      or takes any action by which a right may be acquired over the Property,
      the Tenant shall:

            

    

     

    
      	
              (a)  

            	
              immediately
      give notice to the Landlord; and

            

    

     

    
      	
              (b)  

            	
              take
      all steps (including any proceedings) the Landlord reasonably requires to
      prevent or license the continuation of that encroachment or
      action.

            

    

     

    
      	
              32.3  

            	
              The
      Tenant shall not obstruct the flow of light or air to the Property nor
      obstruct any means of access to the
Property.

            

    

     

    
      	
              32.4  

            	
              The
      Tenant shall not make any acknowledgement that the flow of light or air to
      the Property or that the means of access to the Property is enjoyed with
      the consent of any third party.

            

    

     

    
      	
              32.5  

            	
              If
      any person takes or threatens to take any action to obstruct the flow of
      light or air to the Property or obstruct the means of access to the
      Property, the Tenant shall:

            

    

     

    
      
        
        

      

      
        25

        
          

        

      

      
        
        

      

    

     

    
      	
              (a)  

            	
              immediately
      notify the Landlord; and

            

    

     

    
      	
              (b)  

            	
              take
      all steps (including proceedings) the Landlord reasonably requires to
      prevent or secure the removal of the
  obstruction.

            

    

     

    
      	
              33.  

            	
              Remedy
breaches

            

    

     

    
      	
              33.1  

            	
              The
      Landlord may enter the Property to inspect its condition and state of
      repair and may give the Tenant a notice of any breach of any of the tenant
      covenants in this lease relating to the condition or repair of the
      Property.

            

    

     

    
      	
              33.2  

            	
              To
      the extent that the Property is in a state of material or substantial
      disrepair, if the Tenant has not begun any works needed to remedy that
      breach within two months following that notice (or if works are required
      as a matter of emergency, then immediately) or if the Tenant is not
      carrying out the works with all due speed, then the Landlord may enter the
      Property and carry out the works
needed.

            

    

     

    
      	
              33.3  

            	
              The
      costs incurred by the Landlord in carrying out any works pursuant to this
      clause (and any professional fees and any VAT in respect of those costs)
      shall be a debt due from the Tenant to the Landlord and payable on
      demand.

            

    

     

    
      	
              33.4  

            	
              Any
      action taken by the Landlord pursuant to this clause shall be without
      prejudice to the other rights of the Landlord, including those under
      clause 37.

            

    

     

    
      	
              34.  

            	
              Indemnity

            

    

     

    The
Tenant shall keep the Landlord indemnified against all expenses, costs, claims,
damage and loss (including any diminution in the value of the interest of the
Landlord in the Property and loss of amenity of the Property) arising from any
breach of any tenant covenants in this lease, or any act or omission of the
Tenant, any undertenant or their respective workers, contractors or agents or
any other person on the Property with the actual or implied authority of any of
them.

     

    
      	
              35.  

            	
              Covenant for quiet enjoyment of the
      Landlord

            

    

     

    The
Landlord covenants with the Tenant, that, so long as the Tenant pays the rents
reserved by and complies with its obligations in this lease, the Tenant shall
have quiet enjoyment of the Property without any lawful interruption by the
Landlord or any person claiming under the Landlord.

     

    
      	
              36.  

            	
              Guarantee and
indemnity

            

    

     

    For so
long as any guarantor remains liable to the Landlord, the Tenant shall, if the
Landlord requests, procure that that guarantor joins in any consent or approval
required under this lease and consents to any variation of the tenant covenants
of this lease.

     

    
      
        
        

      

      
        26

        
          

        

      

      
        
        

      

    

     

    
      	
              37.  

            	
              Condition for
  re-entry

            

    

     

    
      	
              37.1  

            	
              The
      Landlord may re-enter the Property (or any part of the Property) at any
      time after any of the following
occurs:

            

    

     

    
      	
              (a)  

            	
              any
      rent is unpaid 21 days after becoming payable whether it has been formally
      demanded or not; or

            

    

     

    
      	
              (b)  

            	
              any
      breach of any condition, or tenant covenant, in this lease;
    or

            

    

     

    
      	
              (c)  

            	
              where
      the Tenant or any guarantor is a
corporation:

            

    

     

    
      	
              (i)  

            	
              the
      taking of any step in connection with any voluntary arrangement or any
      other compromise or arrangement for the benefit of any creditors of the
      Tenant or guarantor; or

            

    

     

    
      	
              (ii)  

            	
              the
      making of an application for an administration order or the making of an
      administration order in relation to the Tenant or guarantor;
      or

            

    

     

    
      	
              (iii)  

            	
              the
      giving of any notice of intention to appoint an administrator, or the
      filing at court of the prescribed documents in connection with the
      appointment of an administrator, or the appointment of an administrator,
      in any case in relation to the Tenant or guarantor;
  or

            

    

     

    
      	
              (iv)  

            	
              the
      appointment of a receiver or manager or an administrative receiver in
      relation to any property or income of the Tenant or guarantor;
      or

            

    

     

    
      	
              (v)  

            	
              the
      commencement of a voluntary winding-up in respect of the Tenant or
      guarantor, except a winding-up for the purpose of amalgamation or
      reconstruction of a solvent company in respect of which a statutory
      declaration of solvency has been filed with the Registrar of Companies;
      or

            

    

     

    
      	
              (vi)  

            	
              the
      making of a petition for a winding-up order or a winding-up order in
      respect of the Tenant or guarantor;
or

            

    

     

    
      	
              (vii)  

            	
              the
      striking-off of the Tenant or guarantor from the Register of Companies or
      the making of an application for the Tenant or the guarantor to be
      struck-off; or

            

    

     

    
      	
              (viii)  

            	
              the
      Tenant or the guarantor otherwise ceasing to exist;
  or

            

    

     

    
      	
              (d)  

            	
              where
      the Tenant or any guarantor is an
individual:

            

    

     

    
      	
              (i)  

            	
              the
      taking of any step in connection with any voluntary arrangement or any
      other compromise or arrangement for the benefit of any creditors of the
      Tenant or guarantor; or

            

    

     

    
      	
              (ii)  

            	
              the
      presentation of a petition for a bankruptcy order or the making of a
      bankruptcy order against the Tenant or
  guarantor.

            

    

     

    
      
        
        

      

      
        27

        
          

        

      

      
        
        

      

    

     

    
      	
              37.2  

            	
              If
      the Landlord re-enters the Property (or any part of the Property) pursuant
      to this clause 37, this lease shall
      immediately end, but without prejudice to any right or remedy of the
      Landlord in respect of any breach of covenant by the Tenant or any
      guarantor.

            

    

     

    
      	
              38.  

            	
              Liability

            

    

     

    
      	
              38.1  

            	
              At
      any time when the Landlord, the Tenant or a guarantor is more than one
      person, then in each case those persons shall be jointly and severally
      liable for their respective obligations arising by virtue of this lease.
      The Landlord may release or compromise the liability of any one of those
      persons comprising the Tenant or guarantor or grant any time or concession
      to any one of them without affecting the liability of any other of
      them.

            

    

     

    
      	
              38.2  

            	
              The
      obligations of the Tenant arising by virtue of this lease are owed to the
      Landlord and the obligations of the Landlord are owed to the
      Tenant.

            

    

     

    
      	
              38.3  

            	
              In
      any case where the facts are or should reasonably be known to the Tenant,
      the Landlord shall not be liable to the Tenant for any failure of the
      Landlord to perform any landlord covenant in this lease unless and until
      the Tenant has given the Landlord notice of the facts that give rise to
      the failure and the Landlord has not remedied the failure within a
      reasonable time.

            

    

     

    
      	
              39.  

            	
              Entire agreement and exclusion of
      representations

            

    

     

    
      	
              39.1  

            	
              This
      lease constitutes the entire agreement and understanding of the parties
      relating to the transaction contemplated by the grant of this lease and
      supersedes any previous agreement between the parties relating to the
      transaction.

            

    

     

    
      	
              39.2  

            	
              The
      Tenant acknowledges that in entering into this lease it is not relying on,
      nor shall have no remedy in respect of, any statement or representation
      made by or on behalf of the
Landlord.

            

    

     

    
      	
              39.3  

            	
              Nothing
      in this lease constitutes or shall constitute a representation or warranty
      that the Property may lawfully be used for any purpose allowed by this
      lease.

            

    

     

    
      	
              39.4  

            	
              Nothing
      in this clause shall, however, operate to limit or exclude any liability
      for fraud.

            

    

     

    
      
        
        

      

      
        28

        
          

        

      

      
        
        

      

    

     

    
      	
              40.  

            	
              Notices, consents and
  approvals

            

    

     

    
      	
              40.1  

            	
              Except
      where this lease specifically states that a notice need not be in writing,
      or where notice is given in an emergency, any notice given pursuant to
      this lease shall be in writing.

            

    

     

    
      	
              40.2  

            	
              A
      written notice shall be delivered by hand or sent by pre-paid first class
      post or registered post. A correctly addressed notice sent by pre-paid
      first class post shall be deemed to have been delivered at the time at
      which it would have been delivered in the normal course of the
      post.

            

    

     

    
      	
              40.3  

            	
              Section
      196 of the Law of Property Act 1925 shall otherwise apply to notices given
      under this lease.

            

    

     

    
      	
              40.4  

            	
              Where the consent of the Landlord is required under
      this lease, a consent shall only be valid if it is given by deed,
      unless:

            

    

     

    
      	
              (a)  

            	
              it
      is given in writing and signed by a person duly authorised on behalf of
      the Landlord; and

            

    

     

    
      	
              (b)  

            	
              it
      expressly states that the Landlord waives the requirement for a deed in
      that particular case,

            

    

     

    If a
waiver is given, it shall not affect the requirement for a deed for any other
consent.

     

    
      	
              40.5  

            	
              Where the approval of the Landlord is required
      under this lease, an approval shall only be valid if it is in writing and
      signed by or on behalf of the Landlord,
  unless:

            

    

     

    
      	
              (a)  

            	
              the
      approval is being given in a case of emergency;
  or

            

    

     

    
      	
              (b)  

            	
              this
      lease expressly states that the approval need not be in
      writing.

            

    

     

    
      	
              40.6  

            	
              If
      the Landlord gives a consent or approval under this lease, the giving of
      that consent or approval shall not imply that any consent or approval
      required from a third party has been obtained, nor shall it obviate the
      need to obtain any consent or approval from a third
  party.

            

    

     

    
      	
              41.  

            	
              Governing law and
  jurisdiction

            

    

     

    
      	
              41.1  

            	
              This
      lease shall be governed by and construed in accordance with the law of
      England and Wales.

            

    

     

    
      	
              41.2  

            	
              The
      parties irrevocably agree to submit to the exclusive jurisdiction of the
      courts of England and Wales over any claim or matter arising under or in
      connection with this lease or the legal relationships established by
      it.

            

    

     

    
      
        
        

      

      
        29

        
          

        

      

      
        
        

      

    

     

    
      	
              42.  

            	
              Contracts (Rights of Third Parties) Act
      1999

            

    

     

    A person
who is not party to this lease shall not have any rights under or in connection
with this lease by virtue of the Contracts (Right of Third Parties) Act
1999.

     

    
      	
              43.  

            	
              Landlord and Tenant (Covenants) Act
  1995

            

    

     

    This
lease creates a new tenancy for the purposes of the Landlord and Tenant
(Covenants) Act 1995.

     

    
      	
              44.  

            	
              Break
      Clause

            

    

     

    If the
Tenant wishes to determine this lease at any time from 12th May
2011 and gives to the Landlord not less than 6 month's notice of that wish and
up to the date of determination pays the Annual Rent and Service Charge and is
not in material breach of any material covenant in this lease, then on expiry of
the notice the Term is to cease and determine immediately, but without prejudice
to any rights or remedies that may have accrued.

     

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

    

    Schedule

    

    Alterations permitted under
this Lease

    

    1.           Tenant
to form opening between Unit 7 and 8

    
      
         

      

      
        30

        
          

        

      

      
         

      

    

    

    
      	
              Signed
      as a deed by Quentin King

            	 
      	
              /s/
      Quentin King

            
	
              in
      the presence of:

            	 
      	 
      
	
               

              /s/Mark
      Poulton

            	 
      	 
      
	
              Name:
      Mark Poulton

            	 
      	 
      
	
              Address:
      28-30 Hyde Gardens

              Eastbourne,
      BN21 4PX

            	 
      	 
      

    

    

    
      	
              Signed
      as a deed by Clean Power Technologies Limited acting by:

            	 
      	
              /s/Abdul
      Mitha

            
	 
      	 
      	
              Director/Secretary

               

            

    

    

     

    
      
         

      

      
        31fp0000851_ex4b.htm

    FREE
ENTERPRISE ACTION FUND

    CONSENT
TO ACTION WITHOUT A MEETING

    June 25, 2009

    ___________________________________________

    

    The undersigned, being shareholders of
the Free Enterprise Action Fund (the “Fund”), a series of the Northern Lights
Fund Trust (the “Trust”), a Delaware statutory trust, and acting by consent in
lieu of a meeting pursuant to authority contained in the Agreement and
Declaration of Trust (the “Trust Instrument”) and Bylaws of the Trust, do hereby
take the following action:

    

    WHEREAS, the Board of Trustees of the Trust (the
“Board”) has approved that certain proposed merger of the Congressional
Effect Fund (the “CE Fund”), a series of the Congressional Effect Family of
Funds, and the Fund (the “Merger”) whereby the CE Fund will acquire all of the
assets and liabilities of the Fund pursuant to an Agreement and Plan of Reorganization
between the Trust and the Congressional Effect Family of Funds, a copy of
which is attached hereto as Exhibit A (the “Plan
of Merger”); and

    

    WHEREAS, under Section 4 of Article V of the
Declaration of the Trust, action may be taken by a consent action executed by
shareholders holding sufficient shares of the Trust to take action at a meeting;
and

    

    WHEREAS, the Board has recommended approval of
the Merger and the Plan of Merger to the shareholders and requested the consent
of shareholders to the same; and

    

    WHEREAS, the undersigned shareholders hold
60.75% of the issued and outstanding shares of the Fund as of the date hereof;
and

    

    WHEREAS, the undersigned shareholders have
received and reviewed copies of the Plan of Merger and an Information
Statement/Prospectus on Form N-14, as filed with the Securities and Exchange
Commission on June 11, 2009, a copy of which is attached hereto as Exhibit
B;

    

    NOW, THEREFORE BE IT RESOLVED,
that the undersigned shareholders of the Fund hereby approve the Merger and the
Plan of Merger; and

    

    FURTHER RESOLVED, that the
officers of the Trust be, and each of them hereby is, authorized to take such
actions and execute any such instruments as may be necessary, advisable or
appropriate to carry out the purpose and intent of the foregoing resolution and
any other action regarding the Merger; and

    

    FURTHER RESOLVED, that any and
all actions heretofore or hereafter taken by any and all officers and agents of
the Trust, as contemplated by or within the terms of the foregoing resolutions,
be, and they hereby are, ratified and confirmed in all respects as the acts and
deeds of the Trust.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    This written consent shall be effective
as of the date first above-written.

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