Deed of Variation to Lease Agreement between Slough Trading Estate Limited and Lucas Schaevitz Limited (Buildings 543/544, Ipswich Road, Slough)

Summary

This Deed of Variation, dated July 14, 1992, is between Slough Trading Estate Limited (landlord) and Lucas Schaevitz Limited (tenant) regarding the lease of Buildings 543/544 on Ipswich Road, Slough. The agreement modifies certain terms of the original 1977 lease, including restrictions on the use of the premises, conditions for assignment or subletting, and deletes a specific sub-clause. All other terms of the original lease remain unchanged and in effect.

EX-10.10 7 0007.txt EXHIBIT 10.10 EXHIBIT 10.10 Dated 14th July 1992 SLOUGH TRADING ESTATE LIMITED and LUCAS SCHAEVITZ LIMITED DEED OF VARIATION in respect of Buildings 543/544 Ipswich Road, Trading Estate, Slough, Berkshire. Slough Properties Limited 234 Bath Road, Slough. SL1 4EE THIS DEED is made the 14th day of July 1992 Particulars and Interpretation IN THIS DEED the following expressions shall have the meanings herein ascribed to them: 1.1 "the Landlord" SLOUGH TRADING ESTATE LIMITED (Company Registration Number 1184323) whose registered office is at 234 Bath Road Slough SL1 4EE 1.2 "the Tenant" LUCAS SCHAEVITZ LIMITED (Company Registration Number 705542) whose registered office is at 543 lpswich Road Trading Estate Slough SL1 4EG 1.3 "the Premises" Building numbers 543/544 Ipswich Road Trading Estate Slough Berkshire 1.4 "the Lease" a Lease made the 14th September 1977 between (1) The Landlord (2) The Tenant then named Schaevitz E.M. Limited and (3) Electro Mechanisms Holdings Limited 1.5 "the Term" 25 Years with effect from 24th June 1977 2. Recitals 2.1 This Deed is supplemental to the Lease 2.2 Schaevitz E.M. Limited to whom the Lease was granted is now named Lucas Schaevitz Limited 2.3 The parties hereto have agreed to vary the Lease in manner hereinafter appearing 3. NOW THIS DEED WITNESSETH that it is mutually agreed as follows:- 3.1 The Lease shall be varied and henceforth be construed and take effect as if:- 3.1.1 sub-clause 2(13) thereof was omitted and the following sub-clause 2(13) substituted therefor "2(13) Not to carry on or permit or suffer to be carried on upon the demised premises any noxious or offensive trade or business nor to suffer the use of any part of the demised premises outside the demised building for the storage there of anything nor to use the demised premises or any part thereof or (subject to sub-clause (17) hereof) suffer or permit the same to be used for any other purpose than that of manufacturers of scientific equipment or such other purpose within Class B1(C) of the Schedule to the Town and Country Planning (Use Classes) Order 1987 (as amended or replaced from time to time) as the Landlord may first approve in writing (such approval not to be unreasonably withheld)" 3.1.2 sub-clause 2(21)(A) thereof was omitted and the following sub-clause 2(21)(A) substituted therefor "2(21)(A) Not to assign underlet or part with the possession of the demised premises or any part thereof without the previous consent in writing of the Landlord (but such consent shall not. be unreasonably withheld to an assignment or underletting of the whole of the said premises to a respectable and responsible assignee or undertenant) nor without such consent to permit or suffer any such dealing with or under a permitted underlease or other derivative interest in respect of the whole of the demised premises" 3.1.3 sub-clause 4(4) was omitted and the Lease shall in all respects operate as if the said sub-clause was deleted therefrom 4. Save as hereby varied the Lease shall remain in full force and effect IN WITNESS whereof the parties hereto have executed this document as a deed the date first above written THE COMMON SEAL of SLOUGH ) TRADING ESTATE LIMITED was ) affixed to this deed in the ) presence of:- ) /S/ Director Secretary --------- /S/ Director