Summary of the lease shared with the PC 09/02/2009

SUMMARY (pertinent points only) of

L E A S E OF

Chiseldon Memorial Hall, Chiseldon, Swindon.

Between

(1) CHISELDON SPORTS & SOCIAL CLUB LIMITED

(2) TIMOTHY ORMOND and KEVIN SNIPE

(as trustees of the 1^st Chiseldon Air Scout Group)

FOR THE PERIOD of Ninety nine years (“the Term”) commencing from, and including, the date of this Lease (“the Lease Commencement Date”)

FOR USE (i) for the activities of the Chiseldon Scout Group and (ii) as a village hall for hire on a non profit making basis to the villagers of Chiseldon and (iii) for any other use to which the Landlord consents (“the Permitted Use”)

IN RETURN FOR the Tenant PAYING to the Landlord the following amounts as rent:

(1) an annual rent of One pound (£1.00) from and including the Lease Commencement Date, payable (if demanded) on the Lease Commencement Date and every anniversary of that date (“the Rent Payment Dates”).

1(D). TERMINATION BY THE LANDLORD ON SALE

(1) The Landlord may terminate this Lease within twenty eight days after it may have exchanged contracts for the sale of its interest in the Demised Premises, if such sale is on terms that it is to give vacant possession of the Demised Premises on completion. Any such termination shall take effect upon the Landlord having served written notice of termination on the Tenant, stating the reason for the termination of this Lease.

(2) Within 28 days following completion of any such sale, the Landlord is to pay to the Tenant the lower of:-

(i) an amount that is equivalent to 115% of the non-recoverable costs incurred by the Tenant in putting the Demised Premises into good repair and condition or

(ii) Fifty thousand pounds (£50,000)

THE LANDLORD'S COVENANTS

3.3 If:-

3.3.1 the Landlords insurance cover against all or any of the insured risks has been invalidated wholly or partly because of any act or omission of the Tenant or any one at the Demised Premises with its express or implied authority or

3.3.2 the Landlord (despite having used all reasonable efforts) is unable to obtain any planning or other consents or approvals that are necessary in order to reinstate the damage or

3.3.3 the Landlord (despite having used all reasonable efforts) is prevented from reinstating the damage because of anything beyond its control

then the Landlord will not be obliged to reinstate the Demised Premises and any insurance money receivable in respect of damage to or destruction of the Demised Premises by any of the insured risks shall be divided between the Landlord and the Tenant as follows:-

(i) there shall be paid to the Tenant the lower of:-

(a) an amount that is equivalent to 115% of the non-recoverable costs incurred by the Tenant in putting the Demised Premises into good repair and condition or

(b) Fifty thousand pounds (£50,000)

(c) the amount of the insurance proceeds

(ii) and thereafter any insurance money will belong to the Landlord absolutely