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Business Lease Agreement

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Business Lease Agreement

IMPORTANT:

This Agreement is a legally binding document. Please read it carefully and ensure that it includes everything you want and nothing you are not prepared to agree. If you are unsure of your obligations and responsibilities under this Agreement then you are advised to seek independent legal advice before signing.

THIS LEASE IS MADE: ________

BETWEEN:

Landlord:

________ whose address for service of proceedings and notices is:

________

incorporated in England and Wales with company registration number ________

(hereafter "the Landlord")

Tenant:

________ whose address for service of proceedings and notices is:

________

incorporated in England and Wales with company registration number ________

(hereafter "the Tenant")

NOW THIS DOCUMENT WITNESSES as follows:

1 DEFINITIONS AND INTERPRETATION

1.1 Definitions

In this lease:

1.1.1 'the Interest Rate' means the rate of 8% a year above the base lending rate of the Bank of England.

1.1.2 'the Property' means the building and any land known as:

________

with the rights for the Tenant set out in schedule 1 THE RIGHTS GRANTED and with the rights for the Landlord set out in schedule 2 THE RIGHTS RETAINED.

1.1.3 'the Rent' means £________ a month.

1.1.4 'the Property Obligations' means the obligations set out in schedule 3 THE PROPERTY OBLIGATIONS.

1.1.5 'the Term' means ________ year from and including ________ together with any subsequent period when the Tenant remains in the Property.

1.2 Interpretation

1.2.1 Where the Landlord or the Tenant consists of two or more persons, obligations expressed or implied to be made by or with them are deemed to be made by or with those persons jointly and severally (this means that they will each be liable for all sums due under this lease and not just a proportionate part).

1.2.2 Words that indicate one gender include all other genders, words that indicate the singular include the plural and vice versa and words that indicate persons shall be interpreted as extending to a corporate body or a partnership and vice versa.

2 LETTING

2.1 The Landlord lets the Property to the Tenant for the Term at the Rent subject to any agreements, rights, easements or covenants to which the Property is subject

2.2 The Landlord grants the rights set out in schedule 1 THE RIGHTS GRANTED to the Tenant and excepts and reserves the rights set out in schedule 2 THE RIGHTS RETAINED

3 COMPLIANCE WITH LEASE

The Tenant and the Landlord agree with each other to observe their respective obligations set out in this lease.

4 RENT AND INTEREST

4.1 Rent

The Tenant must pay the Rent during the Term by equal monthly payments of £________ in advance to the Landlord, the first payment being made on ________.

4.2 Interest on sums not paid

The Tenant must pay interest at the Interest Rate on any rent or other payment lawfully due under this lease that is not received by the Landlord by 14 days after the payment was due. This interest is payable from the date on which payment of the rent or other sum was due to the date of actual payment both before and after any court judgment.

5 OUTGOINGS

The Tenant must pay and protect the Landlord against any loss arising from the Tenant's failure to pay rates payable in respect of the Property and all charges in respect of the supply of water, gas and electricity and all charges relating to telecommunications and internet services at the Property. The Tenant must pay all accounts within a reasonable period of receipt of them. If any service or facility is disconnected for non-payment of an account the Tenant must pay the re-connection charges and protect the Landlord against any loss arising from the disconnection.

6 STATE AND CONDITION

6.1 The Property

The Tenant must keep the Property in good repair and condition, properly maintained and decorated and reasonably clean and tidy and free from rubbish although this obligation does not extend to keeping the Property in any better state of repair and condition than it is at the date of this lease.

6.2 Service media

The Tenant must keep the service media that are contained in and only serve the Property free from obstruction and in working order.

6.3 Frost

The Tenant must take all necessary precautions against frost damage to the pipes, sewers, drains, mains, ducts, conduits, gutters, watercourses, wires, cables, laser optical fibres, data or impulse transmission, communication or reception systems, channels, flues and other conducting media.

6.4 Water Damage

The Tenant must take all necessary care and precautions to avoid water damage to any other part of the Property caused by the bursting or overflowing of any pipe or water apparatus in the Property.

7 ALTERATIONS

The Tenant must not damage or injure the Property, make any alteration to the Property, unite the Property with any adjoining premises or make any alteration to the Property or to the services or service media in the Property.

8 APPEARANCE OF THE PROPERTY

The Tenant must not erect any pole or mast or display any sign on the Property or install any cable or wire outside it except with the Landlord's consent which is not to be unreasonably withheld or delayed.

9 RIGHTS OF ENTRY

9 The Tenant must allow the Landlord, with any necessary contractors and workmen, to enter the Property on reasonable notice during normal business hours, or in the event of emergency at any time without notice, causing as little inconvenience to the Tenant as reasonably practicable and making good any damage caused to the Property and the Tenant's property for the following purposes:

9.1 to view the state and condition of the Property;

9.2 to carry out any repairs to the Property that are necessary by virtue of the Landlord's responsibilities under this lease or by law or to any adjoining property that can only be carried out by having access to the Property; and

9.3 to inspect with interested parties during the 3 months before the anticipated date of the end of the Term with a view to proposed sale or letting and to fix and retain in a reasonable position on the Property a board advertising the Property for sale or letting.

10 DEALINGS

This lease is personal to the Tenant and the Tenant must not assign, sublet, charge or part with possession of the Property or any part of it and must not hold the Property on trust for another.

11 USE AND NUISANCE

11.1 Permitted use

The Tenant must only use the Property as:

________

11.2 Auctions, trades and immoral purposes

The Tenant must not use the Property for any auction sale, any dangerous, noxious, noisy or offensive trade, business, manufacture or occupation or any illegal or immoral act or purpose.

11.3 Residential use, sleeping and animals

The Tenant must not use the Property as sleeping accommodation or for residential purposes or keep any animal, bird or reptile on it.

11.4 Statutory obligations generally

The Tenant must comply with all the requirements of any legislation (and any other obligations imposed by law or by any byelaws) applicable to the Property or the trade or business for the time being carried on there.

11.5 Planning

11.5.1 The Tenant must comply with the provisions and requirements of all planning legislation affecting the Property. If the Tenant breaches any planning controls he must bear all the consequences of doing so whether they arise during the Term or after the end of it.

11.5.2 The Tenant must not make any application for planning permission without the consent of the Landlord whose consent may not be unreasonably withheld or delayed.

11.6 Nuisance

The Tenant must not do anything on the Property that may be reasonably considered to be a nuisance or annoyance to the Landlord or the owners or occupiers of neighbouring property.

12 COSTS OF ENFORCEMENT

The Tenant must pay the Landlord's reasonable costs, fees, charges, disbursements and expenses properly incurred in relation to or incidental to the recovery or attempted recovery of arrears of rent or other sums due under this lease or any other steps taken in contemplation of or in direct connection with enforcement of the obligations on the part of the Tenant under this lease.

13 NOTICES AND INFORMATION

The Tenant must give notice to the Landlord as soon as reasonably practicable of:

13.1 any disrepair of or damage to the Property;

13.2 any notice or order he receives from a local or statutory authority in respect of the Property; and

13.3 any act by a tenant or occupant of any neighbouring property or a third party that might adversely affect the Landlord's interest in the Property.

14 SECURITY AND KEYHOLDERS

The Tenant must keep the Property secure and must ensure that at all times the Landlord has written notice of the name, home address and home telephone number of at least one keyholder of the Property.

15 THE PROPERTY OBLIGATIONS

The Tenant must observe and perform the Property Obligations.

16 GIVING BACK POSSESSION AT THE END OF THE TERM

16.1 Possession and condition

The Tenant must give vacant possession of the Property back to the Landlord at the end of the Term in the state of repair and condition specified in clause 6 STATE AND CONDITION, give up all keys of the Property to the Landlord and remove tenant's fixtures and fittings if requested to do so by the Landlord and all signs put up by the Tenant, immediately making good any damage caused by their removal.

16.2 Items left

The Tenant will be responsible for meeting all reasonable removal and storage charges if items of property and belongings are left in the Property at the end of the Term. The Landlord will remove and store the items for a maximum of one month. The Landlord will notify the Tenant that this has been done at the Tenant's last known address. If the items are not collected within one month, the Landlord may dispose of the items and the Tenant will be liable for the reasonable costs of disposal. The costs may be deducted from any sale proceeds and if there are any costs remaining they will remain the Tenant's liability.

17 NON-DISTURBANCE

The Landlord must permit the Tenant peaceably to hold and enjoy the Property during the tenancy created by this lease without any interruption or disturbance from or by the Landlord or any person claiming under or in trust for him.

18 INSURANCE

18.1 Landlord's obligation to insure

The Landlord must keep the Property insured against damage or destruction by fire and other usual risks for the full cost of rebuilding and reinstating the Property unless the insurance is rendered void or made invalid by any deliberate act of the Tenant or by anyone under his control.

18.2 Suspension of the Rent

If the Property or any part of it is damaged by any risk against which it is insured (or by any risk against which cover is not generally available or is only available on terms making it unreasonable to take out cover) so as to be unfit for occupation the Rent, or a fair proportion of it, shall be suspended until the Property, or the affected part, is fit for occupation. This provision does not apply where payment of any insurance money is wholly or partly refused because of any deliberate act or default of the Tenant or anyone under his control.

18.3 Reinstatement

The Landlord must if practicable reinstate the Property or any part damaged by any risk against which it is insured (or by any risk against which cover is not generally available or is only available on terms making it unreasonable to take out cover) and if he fails to do so within a reasonable time the Tenant shall be entitled to treat this lease as at an end. This provision does not apply where payment of any insurance money is wholly or partly refused because of any deliberate act or default of the Tenant or anyone under his control.

18.4 Tenant's obligations as to insurance

The Tenant must not do anything or fail to comply with any requirement as a result of which the policy of insurance taken out by the Landlord in relation to the Property may become void or voidable or invalidated or by which the rate of premium on the policy may be increased.

18.5 Landlord's further insurance obligations

The Landlord must provide the Tenant with a summary of the risks covered by the policy of insurance and of any requirements of the insurers of which the Tenant needs to be aware and the Landlord must notify the Tenant of any material change in those risks or requirements from time to time.

19 RECOVERY OF POSSESSION

If and whenever during the Term:

19.1 the Rent is unpaid for 14 days after becoming due, whether formally demanded or not, or

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19.3 faa Fabcbf, aafbd cb fbbfefbbcf, aaacaaa abaaaaf fc c acbafbdfap cfbaf cf aca cb fbfaffa faaafeaf cddcfbfab fc afa dfcdaffp, cf

19.4 the Tenant, being a company or limited liability partnership, enters into liquidation whether compulsory or voluntary—but not if the liquidation is for amalgamation or reconstruction of a solvent entity—or enters into administration or has a receiver appointed over all or any part of its assets, or

19.5 the Tenant enters into or makes a proposal to enter into any voluntary arrangement pursuant to the Insolvency Act 1986 or any other arrangement or composition for the benefit of his creditors, or

19.6 the Tenant becomes subject to any procedure for the taking of control of his goods by another

the Landlord may at any time re-enter the Property at which point the tenancy created by this lease shall cease absolutely but this shall not affect any rights or remedies that may have accrued to the Landlord against the Tenant or to the Tenant against the Landlord in respect of any breach of this lease.

20 EBF

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SCHEDULE 1: THE RIGHTS GRANTED

No further rights are granted.

SCHEDULE 2: THE RIGHTS RETAINED

No rights are retained.

SCHEDULE 3: THE PROPERTY OBLIGATIONS

There are no property obligations.

Signed by the following parties:

Landlord

Signed by ________ acting by a (director and its secretary) OR (two directors)

First Signatory

Signature.....................

Name:

Director/Secretary

Date:

Address:

Second Signatory

Signature.....................

Name:

Director/Secretary

Date:

Address:

Tenant

Signed by ________ acting by a (director and its secretary) OR (two directors)

First Signatory

Signature.....................

Name:

Director/Secretary

Date:

Address:

Second Signatory

Signature.....................

Name:

Director/Secretary

Date:

Address:

See your document in progress

Business Lease Agreement

IMPORTANT:

This Agreement is a legally binding document. Please read it carefully and ensure that it includes everything you want and nothing you are not prepared to agree. If you are unsure of your obligations and responsibilities under this Agreement then you are advised to seek independent legal advice before signing.

THIS LEASE IS MADE: ________

BETWEEN:

Landlord:

________ whose address for service of proceedings and notices is:

________

incorporated in England and Wales with company registration number ________

(hereafter "the Landlord")

Tenant:

________ whose address for service of proceedings and notices is:

________

incorporated in England and Wales with company registration number ________

(hereafter "the Tenant")

NOW THIS DOCUMENT WITNESSES as follows:

1 DEFINITIONS AND INTERPRETATION

1.1 Definitions

In this lease:

1.1.1 'the Interest Rate' means the rate of 8% a year above the base lending rate of the Bank of England.

1.1.2 'the Property' means the building and any land known as:

________

with the rights for the Tenant set out in schedule 1 THE RIGHTS GRANTED and with the rights for the Landlord set out in schedule 2 THE RIGHTS RETAINED.

1.1.3 'the Rent' means £________ a month.

1.1.4 'the Property Obligations' means the obligations set out in schedule 3 THE PROPERTY OBLIGATIONS.

1.1.5 'the Term' means ________ year from and including ________ together with any subsequent period when the Tenant remains in the Property.

1.2 Interpretation

1.2.1 Where the Landlord or the Tenant consists of two or more persons, obligations expressed or implied to be made by or with them are deemed to be made by or with those persons jointly and severally (this means that they will each be liable for all sums due under this lease and not just a proportionate part).

1.2.2 Words that indicate one gender include all other genders, words that indicate the singular include the plural and vice versa and words that indicate persons shall be interpreted as extending to a corporate body or a partnership and vice versa.

2 LETTING

2.1 The Landlord lets the Property to the Tenant for the Term at the Rent subject to any agreements, rights, easements or covenants to which the Property is subject

2.2 The Landlord grants the rights set out in schedule 1 THE RIGHTS GRANTED to the Tenant and excepts and reserves the rights set out in schedule 2 THE RIGHTS RETAINED

3 COMPLIANCE WITH LEASE

The Tenant and the Landlord agree with each other to observe their respective obligations set out in this lease.

4 RENT AND INTEREST

4.1 Rent

The Tenant must pay the Rent during the Term by equal monthly payments of £________ in advance to the Landlord, the first payment being made on ________.

4.2 Interest on sums not paid

The Tenant must pay interest at the Interest Rate on any rent or other payment lawfully due under this lease that is not received by the Landlord by 14 days after the payment was due. This interest is payable from the date on which payment of the rent or other sum was due to the date of actual payment both before and after any court judgment.

5 OUTGOINGS

The Tenant must pay and protect the Landlord against any loss arising from the Tenant's failure to pay rates payable in respect of the Property and all charges in respect of the supply of water, gas and electricity and all charges relating to telecommunications and internet services at the Property. The Tenant must pay all accounts within a reasonable period of receipt of them. If any service or facility is disconnected for non-payment of an account the Tenant must pay the re-connection charges and protect the Landlord against any loss arising from the disconnection.

6 STATE AND CONDITION

6.1 The Property

The Tenant must keep the Property in good repair and condition, properly maintained and decorated and reasonably clean and tidy and free from rubbish although this obligation does not extend to keeping the Property in any better state of repair and condition than it is at the date of this lease.

6.2 Service media

The Tenant must keep the service media that are contained in and only serve the Property free from obstruction and in working order.

6.3 Frost

The Tenant must take all necessary precautions against frost damage to the pipes, sewers, drains, mains, ducts, conduits, gutters, watercourses, wires, cables, laser optical fibres, data or impulse transmission, communication or reception systems, channels, flues and other conducting media.

6.4 Water Damage

The Tenant must take all necessary care and precautions to avoid water damage to any other part of the Property caused by the bursting or overflowing of any pipe or water apparatus in the Property.

7 ALTERATIONS

The Tenant must not damage or injure the Property, make any alteration to the Property, unite the Property with any adjoining premises or make any alteration to the Property or to the services or service media in the Property.

8 APPEARANCE OF THE PROPERTY

The Tenant must not erect any pole or mast or display any sign on the Property or install any cable or wire outside it except with the Landlord's consent which is not to be unreasonably withheld or delayed.

9 RIGHTS OF ENTRY

9 The Tenant must allow the Landlord, with any necessary contractors and workmen, to enter the Property on reasonable notice during normal business hours, or in the event of emergency at any time without notice, causing as little inconvenience to the Tenant as reasonably practicable and making good any damage caused to the Property and the Tenant's property for the following purposes:

9.1 to view the state and condition of the Property;

9.2 to carry out any repairs to the Property that are necessary by virtue of the Landlord's responsibilities under this lease or by law or to any adjoining property that can only be carried out by having access to the Property; and

9.3 to inspect with interested parties during the 3 months before the anticipated date of the end of the Term with a view to proposed sale or letting and to fix and retain in a reasonable position on the Property a board advertising the Property for sale or letting.

10 DEALINGS

This lease is personal to the Tenant and the Tenant must not assign, sublet, charge or part with possession of the Property or any part of it and must not hold the Property on trust for another.

11 USE AND NUISANCE

11.1 Permitted use

The Tenant must only use the Property as:

________

11.2 Auctions, trades and immoral purposes

The Tenant must not use the Property for any auction sale, any dangerous, noxious, noisy or offensive trade, business, manufacture or occupation or any illegal or immoral act or purpose.

11.3 Residential use, sleeping and animals

The Tenant must not use the Property as sleeping accommodation or for residential purposes or keep any animal, bird or reptile on it.

11.4 Statutory obligations generally

The Tenant must comply with all the requirements of any legislation (and any other obligations imposed by law or by any byelaws) applicable to the Property or the trade or business for the time being carried on there.

11.5 Planning

11.5.1 The Tenant must comply with the provisions and requirements of all planning legislation affecting the Property. If the Tenant breaches any planning controls he must bear all the consequences of doing so whether they arise during the Term or after the end of it.

11.5.2 The Tenant must not make any application for planning permission without the consent of the Landlord whose consent may not be unreasonably withheld or delayed.

11.6 Nuisance

The Tenant must not do anything on the Property that may be reasonably considered to be a nuisance or annoyance to the Landlord or the owners or occupiers of neighbouring property.

12 COSTS OF ENFORCEMENT

The Tenant must pay the Landlord's reasonable costs, fees, charges, disbursements and expenses properly incurred in relation to or incidental to the recovery or attempted recovery of arrears of rent or other sums due under this lease or any other steps taken in contemplation of or in direct connection with enforcement of the obligations on the part of the Tenant under this lease.

13 NOTICES AND INFORMATION

The Tenant must give notice to the Landlord as soon as reasonably practicable of:

13.1 any disrepair of or damage to the Property;

13.2 any notice or order he receives from a local or statutory authority in respect of the Property; and

13.3 any act by a tenant or occupant of any neighbouring property or a third party that might adversely affect the Landlord's interest in the Property.

14 SECURITY AND KEYHOLDERS

The Tenant must keep the Property secure and must ensure that at all times the Landlord has written notice of the name, home address and home telephone number of at least one keyholder of the Property.

15 THE PROPERTY OBLIGATIONS

The Tenant must observe and perform the Property Obligations.

16 GIVING BACK POSSESSION AT THE END OF THE TERM

16.1 Possession and condition

The Tenant must give vacant possession of the Property back to the Landlord at the end of the Term in the state of repair and condition specified in clause 6 STATE AND CONDITION, give up all keys of the Property to the Landlord and remove tenant's fixtures and fittings if requested to do so by the Landlord and all signs put up by the Tenant, immediately making good any damage caused by their removal.

16.2 Items left

The Tenant will be responsible for meeting all reasonable removal and storage charges if items of property and belongings are left in the Property at the end of the Term. The Landlord will remove and store the items for a maximum of one month. The Landlord will notify the Tenant that this has been done at the Tenant's last known address. If the items are not collected within one month, the Landlord may dispose of the items and the Tenant will be liable for the reasonable costs of disposal. The costs may be deducted from any sale proceeds and if there are any costs remaining they will remain the Tenant's liability.

17 NON-DISTURBANCE

The Landlord must permit the Tenant peaceably to hold and enjoy the Property during the tenancy created by this lease without any interruption or disturbance from or by the Landlord or any person claiming under or in trust for him.

18 INSURANCE

18.1 Landlord's obligation to insure

The Landlord must keep the Property insured against damage or destruction by fire and other usual risks for the full cost of rebuilding and reinstating the Property unless the insurance is rendered void or made invalid by any deliberate act of the Tenant or by anyone under his control.

18.2 Suspension of the Rent

If the Property or any part of it is damaged by any risk against which it is insured (or by any risk against which cover is not generally available or is only available on terms making it unreasonable to take out cover) so as to be unfit for occupation the Rent, or a fair proportion of it, shall be suspended until the Property, or the affected part, is fit for occupation. This provision does not apply where payment of any insurance money is wholly or partly refused because of any deliberate act or default of the Tenant or anyone under his control.

18.3 Reinstatement

The Landlord must if practicable reinstate the Property or any part damaged by any risk against which it is insured (or by any risk against which cover is not generally available or is only available on terms making it unreasonable to take out cover) and if he fails to do so within a reasonable time the Tenant shall be entitled to treat this lease as at an end. This provision does not apply where payment of any insurance money is wholly or partly refused because of any deliberate act or default of the Tenant or anyone under his control.

18.4 Tenant's obligations as to insurance

The Tenant must not do anything or fail to comply with any requirement as a result of which the policy of insurance taken out by the Landlord in relation to the Property may become void or voidable or invalidated or by which the rate of premium on the policy may be increased.

18.5 Landlord's further insurance obligations

The Landlord must provide the Tenant with a summary of the risks covered by the policy of insurance and of any requirements of the insurers of which the Tenant needs to be aware and the Landlord must notify the Tenant of any material change in those risks or requirements from time to time.

19 RECOVERY OF POSSESSION

If and whenever during the Term:

19.1 the Rent is unpaid for 14 days after becoming due, whether formally demanded or not, or

19.2 faafa fa c afacaa ap faa Fabcbf cb cbp caffdcffcb cf cfaaf fafa cb fafa facaa, cf

19.3 faa Fabcbf, aafbd cb fbbfefbbcf, aaacaaa abaaaaf fc c acbafbdfap cfbaf cf aca cb fbfaffa faaafeaf cddcfbfab fc afa dfcdaffp, cf

19.4 the Tenant, being a company or limited liability partnership, enters into liquidation whether compulsory or voluntary—but not if the liquidation is for amalgamation or reconstruction of a solvent entity—or enters into administration or has a receiver appointed over all or any part of its assets, or

19.5 the Tenant enters into or makes a proposal to enter into any voluntary arrangement pursuant to the Insolvency Act 1986 or any other arrangement or composition for the benefit of his creditors, or

19.6 the Tenant becomes subject to any procedure for the taking of control of his goods by another

the Landlord may at any time re-enter the Property at which point the tenancy created by this lease shall cease absolutely but this shall not affect any rights or remedies that may have accrued to the Landlord against the Tenant or to the Tenant against the Landlord in respect of any breach of this lease.

20 EBF

Bff abaa bba fc aa dcfb ap faa Fabcbf bbbaf fafa facaa cfa aadfaaaab aaafbafea cb EBF cbb faa Fabcbf abaf fb cbbfffcb dcp faa bbff cacbbf cb cbp EBF cf cfaaf afaffcf fca cb facaa abaa bcf aafaa faa Ecbbfcfb cf cfaaf dafacb abffffab fc faa dcpaabfa fa bfca ffaa fc ffaa caacbbfcafa.

SCHEDULE 1: THE RIGHTS GRANTED

No further rights are granted.

SCHEDULE 2: THE RIGHTS RETAINED

No rights are retained.

SCHEDULE 3: THE PROPERTY OBLIGATIONS

There are no property obligations.

Signed by the following parties:

Landlord

Signed by ________ acting by a (director and its secretary) OR (two directors)

First Signatory

Signature.....................

Name:

Director/Secretary

Date:

Address:

Second Signatory

Signature.....................

Name:

Director/Secretary

Date:

Address:

Tenant

Signed by ________ acting by a (director and its secretary) OR (two directors)

First Signatory

Signature.....................

Name:

Director/Secretary

Date:

Address:

Second Signatory

Signature.....................

Name:

Director/Secretary

Date:

Address: