AGREEMENT
(INCORPORATING THE STANDARD CONDITIONS OF SALE (FOURTH EDITION))
Agreement date: 24th March 2004
Seller: Cyberia (UK) Limited (Company Registration number 3438944)
whose registered office is at Cyberia House, Church Street,
Basingstoke, Hampshire, RG21 7QN
Buyer: Stephen George Cranstone, Anthony Robert Norris, Hugo James
Bibby and Tenon Pensioneer Trustee Limited all care of
Clifton House, Bunnian Place, Basingstoke, Hampshire as
Trustees of the Link Microtek Limited Executive Retirement
Plan
Property
(freehold): Cyberia House, Church Street, Basingstoke, Hampshire
Title Number: HP547105
Incumbrances on
the Property: To the extent set out or referred to in the Property,
Proprietorship and Charges registers of the Seller's title
as at 9th October 2003 excluding any registered charges
Title Guarantee: Full
Completion Date: 14th April 2004.
Contract Rate: The Law Society's interest rate for the time being.
Purchase Price: 850,000.00 Pounds Sterling
Deposit: 42,500.00 Pounds Sterling
Amount payable for
chattels: --
Balance: 807,500.00 Pounds Sterling
Law Society
Formula: [B] at 12:40 PM
The Seller will sell and the Buyer will buy
the Property for the Purchase Price.
The Agreement continues on the back page
WARNING Signed
This is a formal document, designed to
Create legal rights and legal obligations. /s/
Take advice before using. -----------------------------------
Seller/Buyer
SPECIAL CONDITIONS
1.(a) This Agreement incorporates the Standard Conditions of Sale (Fourth
Edition). Where there is a conflict between those Conditions and this
Agreement, this Agreement prevails.
1.(b) Terms used or defined in this Agreement have the same meaning when used
in the Conditions.
2. The Property is sold subject to the Incumbrances on the Property and
the Buyer will raise no requisitions on them.
3. Subject to the terms of this Agreement and to the Standard Conditions
of Sale, the Seller is to transfer the Property with the title
guarantee specified on the front page.
4. The chattels on the Property and set out on any attached list are
included in the sale.
5. The Property is sold with vacant possession on completion.
6. Title to the Property having been supplied to the Buyer or his
Solicitor prior to the date hereof no requisition or objections shall
be raised in respect thereof.
7. The time mentioned in Standard Condition 6.1.2 should read 12.30 hours.
8. It is hereby agreed and declared that all express agreements between
the parties contained in the replies to pre-contract enquiries and in
correspondence between the parties' Solicitors shall be deemed to be
incorporated herein.
9. If the deposit referred to herein represents less than 10% of the
purchase price (the full deposit) then in the event of any default in
the terms hereof by the Buyer the balance of the full deposit shall be
payable immediately by the Buyer and such reference shall be treated as
being a reference to the full deposit.
10. Conditions 3.1.3, 3.3, 4.3.2, 4.5.5 shall not apply.
11. The Purchase Price is inclusive of Value Added Tax, if chargeable.
12. If the property is freehold the following clause shall be inserted in
the Transfer:
"For the purpose of Section 6(2)(a) of the Law of Property
(Miscellaneous Provision) Act 1994 all matters not recorded in
registers open to public inspection are to be considered within the
actual knowledge of the Transferee"
and if the property is leasehold the following clause shall be inserted
in the Transfer:
"This Transfer is made with full title guarantee but excluding from the
guarantee the covenants set out in Section 3 or Section 4 of the Law of
Property (Miscellaneous Provisions) Act 1994 for the consequences of
any breach of the terms of the registered Lease concerning the
condition of the land"
-2-
13. On completion the Seller shall procure a Surrender of the Lease dated
30th September 1997 made between the Seller (1) Lapland U.K. Limited
(2) by a deed in the form of the draft attached hereto.
14. On completion the Buyer shall procure the grant of and the Seller shall
procure the acceptance of a sub-lease in the form of the draft
attached.
15. The Contract (Rights of Third Parties) Act 1999 shall not apply to this
Contract. No person other than the parties named in this agreement are
intended to gain any right or benefit whatsoever under the terms
hereof.
16. The following items are included in the sale: Air Conditioning System;
Alarm Systems; Security Shutters; Partitioning, Kitchen Furniture;
Bathroom Furniture and Carpets and Blinds and on completion of the
Sublease referred to in Special Conditions 14 will become Landlord's
Fixtures and Fittings.
17. On completion the Seller shall assign the benefit of the Roofing
Guarantee number 001868 given by D. Anderson & Son Limited on 15th
December 1997.
Seller's Solicitors: Phillips Buyer's Solicitors: Penningtons
Town Gate Da-Vinci House
38 London Street Basing View
Basingstoke Basingstoke
Hampshire Hampshire
RG21 7NY RG21 4EQ
DX 123073 Basingstoke DX 148600 Basingstoke 21
This form may be used as part of The Law Society's Transaction Scheme
STANDARD CONDITIONS OF SALE