DATED 8TH OCTOBER 2001
POSTWICK PROPERTY HOLDINGS LIMITED (1)
-and-
SWIFTNET LIMITED (2)
--------------------------------------------------------------------------------
LEASE
Of
Part 0xx Xxxxx Xxxxxxxxx Xxxxx 000 Xxxx Xxxx Xxxxxx X00
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XXXXXXXXX XXXXX XXXXX & XXXXX
Solicitors
Pearl Assurance House
000 Xxxxxxxx Xxxx
Xxxxxx X00 0XX
Ref: postwick/3220/leaseextn
THIS LEASE is made the 8th day of October 2001
BETWEEN
(1) POSTWICK PROPERTY HOLDINGS LIMITED care of Pearl Assurance House 000
Xxxxxxxx Xxxx Xxxxxx X00 0XX ("the Landlord") and
(2) SWIFTNET LIMITED of 5th Xxxxx Xxxxxxxxx Xxxxx 000 Xxxx Xxxx Xxxxxx X00
("xxx Tenant")
NOW THIS DEED WITNESSES as follows:
1. Definitions and interpretation
In this lease:
1.1 "the Lease" means a lease dated 12th December 1991 and made between
(1) Elmtree Investments Limited and (2) the Tenant
1.2 "the Premises" means the premises described in and demised by the Lease
being Part 0xx Xxxxx Xxxxxxxxx Xxxxx 000 Xxxx Xxxx Xxxxxx X00
1.3 "the Term" means the term of years created by the Lease
1.4 "the New Term" means a term of One year from 20th December 2001
1.5 "the Rent" means the rent reserved by the Lease
1.6 "the New Rent" means the rent of TWENTY FOUR THOUSAND POUNDS
(£24,000.00) per annum
1.7 "the Landlord" where the context so admits includes the person for the
time being entitled to the reversion immediately expectant on the
determination of the Term
1.8 "the Tenant" where the context so admits includes the Tenant's
successors in title
1.9 words importing one gender shall be construed as importing any other
gender
1.10 words importing the singular shall be construed as importing the plural
and vice versa
1.11 where any party comprises more than one person the obligations and
liabilities of that party under this lease shall be joint and several
obligations and liabilities of those persons
1.12 save where otherwise stated references to numbered clauses and
schedules references to the clauses and schedules in this lease which
are so numbered
1.13 the clause headings do not form part of this lease and shall not be
taken into account in its construction or interpretation
2. Recitals
2.1 The Premises remain vested in the Tenant for all the unexpired residue
of the Term subject to the Rent and to the Tenant's covenants and the
conditions contained in the Lease
2.2 The reversion immediately expectant on the Term is now vested in the
Landlord in fee simple
2.3 The Tenant has requested the Landlord to grant a Lease of the Premises
to him for the New Term at the New Rent and on the terms expressed in
this Lease
3. Demise
The Landlord demises to the Tenant the Premises with the same
exceptions and reservations as are expressed in the Lease TO HOLD to
the Tenant for the New Term SUBJECT as mentioned in the Lease and
SUBJECT to and with the benefit of the tenant's and landlord's
covenants respectively contained in the Lease and the provisos
declarations and conditions contained in the Lease YIELDING AND PAYING
to the Landlord the new Rent on the days and in the manner mentioned in
the Lease in respect of the Rent the first payment to be made today
4. Covenant to pay New Rent
The Tenant covenants with the Landlord to pay the New Rent on the days
and in the manner mentioned in the Lease in respect of the Rent
5. Covenants
The Landlord and the Tenant mutually covenant that they will
respectively perform and observe the several covenants provisos and
stipulations contained in the lease (except the covenant to pay the
Rent) as if they were repeated in full in this lease with such
modifications only as are necessary to make them applicable to this
demise and if the names of the parties to this lease were respectively
substituted for those of the landlord and tenant in the Lease
6. Proviso
It is agreed that if the Term is determined under the proviso for
re-entry contained in the Lease this lease shall become absolutely void
7. Landlord And Tenant Act Exclusion
Having been authorised to do so by an Order of the Lambeth County Court
made on the 23rd day of August 2001 under the provisions of
Section 38(4) of the Landlord and Xxxxxx Xxx 0000 (as amended) the
parties hereto agree that the provisions of Sections 24 to 28
(inclusive) of that Act shall be excluded in relation to this Lease
IN WITNESS whereof the parties hereto have executed these presents the day and
year first before written
SIGNED as a DEED by ) Director .........................
POSTWICK PROPERTY )
HOLDINGS LIMITED acting by)
a Director and Secretary ) Secretary .........................
