Rent Review Memorandum between Scottish Widows Unit Funds Limited and Matthew Clark Brands Limited (August 20, 2003)
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Summary
This memorandum documents an agreement between Scottish Widows Unit Funds Limited (Landlord) and Matthew Clark Brands Limited (Tenant) to update the annual rent for a property at Plot 2000, Severnside Distribution Park, Bristol. Effective from December 25, 2002, the new rent is set at £1,796,875 per year, excluding VAT, as per the terms of the original lease dated December 31, 1997. The memorandum is signed by representatives of both parties to confirm the revised rent amount.
EX-10.24 5 ex10-24.htm EXHIBIT 10.24 Unassociated Document
EXHIBIT 10.24
| RENT REVIEW MEMORANDUM |
Nelson Blakewell
The Landlord: Scottish Widows Unit Funds Limited
The Tenant: Matthew Clark Brands Limited
Date: 20th August 2003
By this memorandum the Landlord and the Tenant desire to record the fact that the rent payable under the Lease, brief particulars of which appear below, has been reviewed in accordance with the provisions contained therein and is ONE MILLION SEVEN HUNDRED & NINETY SIX THOUSAND EIGHT HUNDRED AND SEVENTY FIVE POUNDS (£1,796,875) per annum (exclusive of Value Added Tax) on and from 25 December 2002.
THE LEASE
| Date | Parties | Property | Term |
| 31 December 1997 | Pontsarn Investments Ltd (1) Matthew Clark Brands Ltd (2) and Matthew Clark Plc (3) | Premises situated at Plot 2000, Severnside Distribution Park, Western Approach, Bristol | 25 years from 25 December 1997 |
| /s/ J. Barrass Deputy Company Secretary | /s/ (illegible) |
| Signed for and on behalf of the Tenant | Signed for and on behalf of the Landlord |
