WARNING: IT IS RECOMMENDED THAT THE WITHIN SHOULD NOT BE COMPLETED WITHOUT PRIOR LEGAL ADVICE. Law Society of Ireland

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1 WARNING: IT IS RECOMMENDED THAT THE WITHIN SHOULD NOT BE COMPLETED WITHOUT PRIOR LEGAL ADVICE Law Society of Ireland GENERAL CONDITIONS OF SALE 2009 EDITION PARTICULARS and CONDITIONS OF SALE of Lands at Killann, Rathnure, Enniscorthy, Co. Wexford SALE BY AUCTION To be held at the Bewley s Hotel, Newlands Cross, Naas Road, Dublin 22 on 30 April 2014 at 11am Vendor: Fintan Doyle (acting by the Receiver Stephen Tennant) Vendor s Solicitors: Beauchamps Solicitors Address: Riverside Two, Sir John Rogerson s Quay, Dublin 2 Reference: DAN100/835 \\p4w\partner\docs\d\a\n\dan100\835\contract for sale_ _1.doc

2 MEMORANDUM OF AGREEMENT made this the 30 day of April 2014 BETWEEN Fintan Doyle acting by the Receiver Stephen Tennant c/o Grant Thornton, City Quay, Dublin 2 Tax Number(s): QH AND ( VENDOR ) of Tax Number(s): ( PURCHASER ) Whereby it is agreed that the Vendor shall sell and the Purchaser shall purchase in accordance with the annexed Special and General Conditions of Sale the property described in the within Particulars at the Purchase Price mentioned below. Purchase Price Closing Date: 30 May 2014 less deposit Interest Rate: 10% per annum Balance SIGNED: SIGNED: ( Vendor ) ( Purchaser ) Witness: Witness: Occupation: Occupation: Address: Address:

3 PARTICULARS AND TENURE ALL THAT AND THOSE the lands at Killann, Rathnure, Enniscorthy, Co. Wexford being the property comprised in Folio 46955F County Wexford HELD in fee simple SEARCHES SCHEDULE It shall be a matter for the Purchaser to make its own searches.

4 Receiver & Bank Documentation DOCUMENTS SCHEDULE 1. Certified Copy Deed of Appointment of Receiver dated 13 January 2014 between (1) Danske Bank A/S and (2) Stephen Tennant (the Appointment ) 2. Certified Copy Deed of Mortgage and Charge dated 24 October 2011 between (1) Fintan Doyle and (2) Danske Bank A/S (the Mortgage and Charge ) Title 3. Certified Copy Folio and File Plan 46955F County Wexford (printed by the Property Registration Authority on 13 May 2008) 4. Copy Deed of Transfer dated 7 July 2011 made between (1) Theresa Doyle and (2) Fintan Doyle 5. Family Law Declaration of Theresa Doyle and Fintan Doyle dated 24 October Plain copy folio 46955F County Wexford Miscellaneous 7. Draft Deed of Assurance 8. Replies to Requisitions on Title 9. Draft Family Home Declaration 10. Draft Section 72 Declaration 11. Draft letter re tax numbers

5 SPECIAL CONDITIONS 1. Save where the context otherwise requires or implies or the text hereof expresses to the contrary, the definitions and provisions as to interpretation set forth in the within General Conditions shall be applied for the purposes of these Special Conditions. 2. The said General Conditions shall: - (a) (b) apply to the sale in so far as the same are not hereby altered or varied, and these Special Conditions shall prevail in case of any conflict between them and the General Conditions be read and construed without regard to any amendment therein, unless such amendment shall be referred to specifically in these Special Conditions. 3. VAT is not applicable to this sale. 4. Title 4.1 Title to the Subject Property shall consist of Folio 46955F Co. Wexford. The documents set out in the Title section of the Document Schedule have been produced to the Purchaser or its solicitor prior to the signing of this Contract. The Purchaser shall be deemed to have entered into this Contract with full knowledge of all the contents thereof and the nature and extent of rights and obligations affecting the Subject Property (if any) as referred to in the documents contained in the Document Schedule and no further objection, requisition or enquiry shall be raised in this regard. General Condition 7 is hereby deleted 4.2 Save as provided in the Documents Schedule a plain copy up to date folio and filed plan only will be furnished and it will be a matter for the Purchaser to obtain their own up to date certified copy folio and filed plan should they deem it necessary. 4.3 To the extent that documents are listed in the Documents Schedule as certified copies or copies of original documents these will be furnished on completion and the Purchaser shall not be entitled to call for production of the original documentation either on or prior to completion. 5. Appointment of Receiver 5.1 Danske Bank A/S trading as Danske Bank ( Danske ) is a company incorporated in Denmark and having its registered branch in Ireland at 3rd Floor, International House, 3 Harbourmaster Place, IFSC, Dublin 1 and is the successor to National Irish Bank Limited by virtue of a scheme approved by the Minister for Finance under the Central Bank Act 1971 in Statutory Instrument No. 29 of The Purchaser shall conclusively accept that it is the party entitled to mortgagee s interest in the Mortgage and Charge without further objection, requisition or enquiry in relation thereto. 5.2 Stephen Tennant of Grant Thornton, City Quay Dublin 2 (the Receiver )

6 has been appointed as receiver to the Subject Property pursuant to the Appointment and the Subject Property is being sold pursuant to the terms of his appointment as receiver. The Purchaser shall accept the Receiver s appointment as valid and subsisting and shall raise no objection, requisition or enquiry in relation to same and shall conclusively accept the copy of the Appointment as evidence of the Receiver s appointment. 5.3 This Contract shall be executed by the Vendor, acting by the Receiver as the duly appointed receiver under the Appointment pursuant to the powers in that regard granted under the Mortgage and Charge. The Purchaser shall conclusively accept that the Receiver has full authority to enter into this Contract and sell the Subject Property and the Receiver s entitlement to execute an assurance of the Subject Property without further objection, requisition or enquiry in relation thereto. 5.4 The Purchaser shall on closing accept an assurance of the Subject Property executed, at the option of the Receiver, by:- (a) (b) The Vendor (as registered owners of the Subject Property) with the consent of the Receiver; or The Receiver in accordance with the powers in that regard contained in the Mortgage and Charge; or (c) Danske as mortgagee in possession. and the Purchaser shall not require any other party to join in the said assurance and shall raise no objection, requisition or further enquiry in relation to such power or entitlement. 5.5 The Purchaser hereby expressly acknowledges that the Receiver is executing this Contract in his capacity as receiver only, pursuant to the powers granted to him in the Mortgage and Charge and for the sole purpose of facilitating the acquisition of the Subject Property by the Purchaser. Nothing contained in this Contract nor any agreement or matter connected herewith shall in any way affect the estate or property of the Receiver (or any other partner(s) or staff of the Receiver s firm) who is executing this Contract solely in his capacity as receiver and in no other capacity whatsoever. The Purchaser shall make no objection nor raise any requisition or enquiry in relation thereto. 5.6 On completion a certified copy of the Appointment shall be furnished to the Purchaser for the purposes of its registration application with the Property Registration Authority (the PRA ). If the PRA confirm that the original is required for registration purposes the Receiver shall lodge the original deed for notation and return. The Receiver may, in its absolute discretion, choose to deliver the original Appointment to the Purchaser on completion in which circumstances neither the Vendor nor the Receiver shall have any further obligations in this regard. 6. Form of Assurance

7 6.1 The sale shall be effected by the grant of a deed of assurance (the Assurance ) substantially in the form of the draft furnished herewith. No amendment or alteration shall be permitted to the said deed by the Purchaser. The Purchaser shall be deemed to be aware of and to have accepted the terms and conditions thereof prior to executing this Contract. The Assurance shall reflect the ultimate basis of sale of the Subject Property as provided for herein, including completion in accordance with Special Condition 5.4 (c). The Vendor reserves the right to make further minor changes to the Assurance if necessary. 6.2 If required by the Receiver the Assurance shall be executed in duplicate and the Purchaser s solicitor shall return a counterpart of the Assurance duly executed and stamped to the Vendor s solicitors within 4 weeks of the Closing Date and the Purchaser s solicitor shall sign an undertaking on completion to this effect. The Purchaser shall pay all stamp duty and other actual outlay in connection with the Assurance and any counterpart thereto. 6.3 The Receiver does not have details of the tax number and tax type of the Vendor but shall provide its own receivership tax number and a letter confirming the efforts made to obtain the relevant details for and from the Vendor together with the property identification number issued for payment of LPT, where relevant, by the Receiver. No further documentation shall be sought by the Purchaser or furnished by the Vendor or the Receiver in relation to stamping. 7. Completion 7.1 Completion of the Sale shall take place on the Closing Date at the office of the Vendor s Solicitor or such other location as the Receiver shall direct. 7.2 The sale shall be completed and the Purchaser shall pay the balance of the Purchase Price by 12:00 noon on the Closing Date in order to enable the Vendor to achieve full value for the Purchase Price on the date of actual completion. The balance of the Purchase Price shall be paid by electronic funds transfer to Messrs Beauchamps client account, details of which shall be furnished to the Purchaser s solicitor prior to the Closing Date. 7.3 General Condition 40 is hereby modified by the deletion of the words 28 days in paragraph (b), (f) and (g)(ii) respectively of that Condition and the replacement of the words 14 days. 7.4 General Condition 25 (c) is hereby deleted. For the avoidance of doubt the Vendor, shall not be obliged to complete the sale unless and until it has received all monies payable pursuant to this Contract including (without limitation) all interest due to the Vendor PROVIDED ALWAYS that the Vendor shall be entitled to require completion to take place strictly without prejudice to the right of the Vendor to pursue its claim for interest. 8. Existing Mortgage/Charge 8.1 The Subject Property is subject to the Mortgage and Charge in favour of Danske. If Danske does not complete the sale of the Subject Property as mortgagee in possession the Purchaser shall accept on closing confirmation from Danske that

8 they shall provide a release/discharge of the Mortgage and Charge or, at the option of the Vendor, a deed of release/discharge of the Mortgage and Charge. 8.2 The Purchaser shall conclusively accept that if, at the option of the Receiver (in accordance with the special conditions hereof) Danske executes the Assurance as mortgagee in possession, then: the Assurance shall contain an express provision such that the Purchaser shall take the Subject Property freed, discharged and/or released from all claims and demands made under the Mortgage an Charge and that no undertaking or release/discharge of the type referred to in Special Condition 8.1 shall be required; and pursuant, inter alia, to the provisions of Section 21 of the Conveyancing Act 1881/Section 104 of the Land and Conveyancing Law Reform Act 2009, Danske shall sell the Subject Property free from all estates, interests and rights to which the Mortgage and Charge has priority Danske shall provide executed copies of the draft documents referred to in the Mortgagee in Possession section of the Documents Schedule on completion in respect of the execution by Danske of the Deed of Assurance. Nothing further shall be provided or required in respect of the due execution by Danske of the Deed of Assurance and the disposal of their interest in the Subject Property. The Receiver shall provide a family home declaration in respect of the period of his appointment and all other usual declarations to be provided on completion in accordance with Special Condition 10.

9 Accordingly, should Danske execute the Assurance of the Subject Property to the Purchaser, the Purchaser shall raise no objection, requisition or further enquiry in relation to any judgment mortgages registered subsequent to the Mortgage and Charge or any other mortgages or charges to which the Mortgage and Charge has priority. 8.3 The Purchaser is referred to section 52 of the Land and Conveyancing Law Reform Act, 2009 and to the fact that in relation to any judgment mortgages registered after the date of this Contract the Purchaser shall conclusively admit that good title can be made to the Subject Property without discharging or satisfying the monies due on foot of the said judgment mortgages and without the concurrence of the judgment mortgagees or provision of satisfaction pieces to the Purchaser in relation thereto. 8.4 For the avoidance of doubt, the Vendor shall not be required to explain or discharge judgments, lis pendens, charges, mortgages or other acts appearing on title that have been registered since the date of this Contract for Sale and General Condition 19 is hereby amended accordingly and General Condition 8(c) shall not apply to this sale. 9. Requisitions on Title 9.1 The Purchaser shall accept the Replies to Requisitions on Title provided herewith and that such replies are provided by the Receiver on behalf of the Vendor and limited to matters within the Receiver s actual personal knowledge, information or belief in accordance with the provisions of Special Condition Condition 17 and 18 of the General Conditions are hereby amended to provide that the Purchaser accepts the replies to the Requisitions on Title as furnished herewith. No further requisitions shall be raised by the Purchaser. The Purchaser shall make no objection nor raise any query or enquiry in relation thereto. The Replies are subject to and without prejudice to the terms of the special conditions contained in this contract which in the event of conflict take precedence over the replies. 10. Limited Knowledge of the Vendor The Vendor has a limited knowledge of the Subject Property and accordingly:- (a) (b) Declarations. The Vendor s obligations (if any) (including those contained in General Conditions 10 (b) (iii) and 13 (d)) to verify certain facts by way of Statutory Declarations or certificates to be completed by a competent person shall be satisfied by providing a statutory declaration of the Receiver verifying such facts to the best of his knowledge information and belief from matters of which he has actual notice since the date of his appointment save where otherwise appears, and where so appearing conscientiously believing those facts to be true. Identity. General Condition 14 shall not apply to this sale. The Purchaser shall accept such evidence of identity as may be gathered from the description in the copy documents specified in the Documents Schedule. The Purchaser shall be

10 deemed to be aware of the defined boundaries, fences, ditches, hedges or walls of the Subject Property and the Vendor shall not be required to define same or to specify what boundaries (if any) are of a party nature or separately identify parts of the Subject Property held under different titles. (c) Boundaries. The Subject Property is believed to be and shall be taken as being correctly described as to quantity and otherwise and any error, misstatement or omission in any plan contained in the Documents Schedule of this Contract shall not annul this Contract or be a ground for the abatement of the Purchase Price or compensation of either party to this Contact. The Vendor and the Receiver give no warranty and make no representation as to: (i) (ii) the coincidence of actual boundaries in the vicinity of the Subject Property and the boundaries of the Subject Property shown by the title furnished encroachments made by the Vendor on property adjoining the Subject Property in conjunction with the use of the Subject Property, and the Purchaser is placed on its own enquiry in these respects and shall not require the Vendor to produce any declarations of identity or explanation to the said boundaries, walls or otherwise. (d) (e) (f) Condition. The Purchaser shall be deemed to purchase with full notice of the actual state and condition of the Subject Property in all respects whether as to the quality, state of repair, means of approach, access to light and access to, location and suitability of all and any services to the Subject Property including but not limited to drainage, foul sewer, water mains and all utilities and rights of adjoining owners and occupiers as to the boundary walls and fences or otherwise howsoever and shall take the Subject Property as it is in all respects. Existing Services. Unless otherwise referred to in the Documents Schedule the Purchaser shall accept that the Vendor is not in possession of a letter from the Local Authority confirming that the roads and services abutting the Subject Property are in charge of the Local Authority. The Purchaser hereby agrees and accepts that the Vendor shall not be obliged to furnish, on closing or at any time, a letter or other evidence from the Local Authority (or any other party) confirming that the roads and services abutting the Subject Property are in the charge of the Local Authority (other than such letter or evidence as may be referred to in the Documents Schedule) and the Vendor is providing no warranty in this regard. The Purchaser is on notice of the position and accepts same and shall make no objection or raise any requisition or enquiry in this regard. Availability of Services. It is a matter for the Purchaser to satisfy itself prior to the Date of Sale as to the availability of services to the Subject Property, both in respect of its existing use and any intended use and no warranty is given or representation made in that regard. The Purchaser is excluded from making objection or raising any requisition or enquiry in relation to same.

11 (g) Rights, liabilities and condition. General Condition 15 shall not apply to this sale and General Condition 16 shall read as if the works subject to Condition 15 had been deleted therefrom. The Vendor shall only be obliged to disclose such easements rights privileges and liabilities not already known to the Purchaser or apparent from inspection which have come to the Receiver s actual attention prior to the date hereof. The Purchaser shall fully satisfy itself prior to the Date of Sale as to the state and condition of the Subject Property and any easements rights privileges or liabilities affecting the Subject Property or likely to affect it and the Purchaser shall have no recourse to the Vendor and/or the Receiver either prior to completion of the sale or at any time thereafter. (h) Environmental. For the avoidance of all doubt the Vendor and the Receiver do not warrant that either the Subject Property or any processes carried out thereon now or at any time in the past comply with Environmental Laws. It is a matter for the Purchaser to satisfy itself in relation to all aspects of Environmental Laws insofar as they relate to the Subject Property prior to the Date of Sale. The Purchaser is precluded from raising any objection or requisition whatsoever in relation to same. For the purposes of this Special Condition Environmental Laws means all laws (whether criminal, civil or administrative) including common law, statutes, regulations, statutory instruments, directives, bye-laws, orders, codes and judgments having the force of law in Ireland concerning environmental matters and protection of the environment, use of noxious or deleterious materials, contaminants or pollutants and all regulations, bye-laws, orders and codes made thereunder or regulating the use thereof. (i) Differences Errors. The information contained in the Non-Title Information Sheet is provided to the best of the Vendor s knowledge from the books and documents made available to him. No error in the information contained in the Non-Title Information Sheet shall annul the sale nor entitle the Purchaser to compensation on account thereof. General Condition 33 is amended accordingly. (j) Disclosure of Notices. General Condition 35 shall not apply to this sale. No orders or notices referred to therein have come to the Receiver s actual personal attention prior to the Date of Sale save those (if any) disclosed in the Documents Schedule hereto. It shall be a matter for the Purchaser to fully satisfy itself by appropriate searches, enquiries and investigations prior to the Date of Sale with regard to notices or any other acts appearing on searches. (k) Development. General Condition 36 shall not apply to this sale and is hereby deleted. (i) No warranty is given regarding compliance with the Subject Property with the requirements of the Planning Acts , the Building Control Acts 1990 and 2007 or any regulations made thereunder or the Fire Services Act 1981 or any legislation, orders or decisions amending or replacing same and the Purchaser shall make no objection or raise any requisition or further enquiry in this regard.

12 (ii) (iii) (iv) (v) (vi) The Vendor and the Receiver do not warrant that Planning Permission or Building Bye Law Approval has been obtained for any development that may have taken place on the Subject Property or, when the Planning Permission or Bye Law Approval has been obtained, that the development has been carried out in compliance with such Planning Permission and/or Building Bye Law Approval. The Purchaser shall make no obligation or raise any requisition or enquiry in relation to the existence or absence or adequacy of any Planning Permission and/or Building Bye Law Approval or the compliance or noncompliance of the Subject Property with the same and/or with the Building Control Acts 1990 and 2007 and/or with the Fire Officer requirements (including the conditions thereof) and shall not require the Vendor to furnish any certificates in relation thereto. Furthermore neither the Vendor nor the Vendor s solicitor shall be required to explain any acts appearing on any planning search. The Purchaser shall not call for the production of a Safety File held pursuant to the Safety Health and Welfare at Work (Construction) Regulations 2006 as amended. It shall be a matter for the Purchaser to make its own enquiries and to satisfy itself with regard to planning matter, environmental and archaeological issues and any compulsory acquisition order which may affect the Subject Property and use thereof and no warranty is given or representation made in that regard. The Purchaser shall make no objection or raise any requisition or further enquiry in regard thereto. Strictly without prejudice to the preceding provisions of this Special Condition the Purchaser is furnished for information purposes only with the planning documents referred to in the Documents Schedule (if any). These documents do not constitute any warranty or representation on the part of the Vendor or the Receiver and the Purchaser shall not make any objection or raise any requisition or enquiry in relation to them or call for any further or ancillary documentation in regard thereto. (l) Searches. Save as set out in sub-condition (k) (iii) above the Vendor will explain any acts appearing on searches to the best of its knowledge information and belief and without personal liability but such explanations shall be based solely on the documents of title held. If full explanations cannot be provided, this will not be a reason to delay closing or to demand further explanations. 11. Exclusion of Personal Liability The Purchaser hereby expressly acknowledges that the Receiver is executing this Contract in the Receiver s capacity as receiver of the Vendor only and for the sole purpose of facilitating the acquisition of the Subject Property by the Purchaser and the Purchaser further expressly acknowledges that any personal liability of the Receiver

13 and/or other partner of the Receiver s firm arising out of, under or in connection with the terms and provisions of this contract is hereby excluded and the Receiver and/or any other partner of the Receivers firm shall not be under any liability to the Purchaser affecting the assets of the Receiver or any other partner of the Receivers firm personally and his agents or their estates. 12. Limitation of Liability The liability (if any) of the Vendor hereunder shall be limited to the amount of cash representing unencumbered assets collected by the Receiver in the course of his duties as receiver of the Subject Property and not expended or distributed or paid by the Receiver prior to effective notification to him of any valid claim hereunder. 13. Risk Insurance The Vendor s liability under General Condition 43 is (in addition to the limitations imposed by General Condition 44) limited to the extent of the insurance cover available to the Vendor in respect of the Subject Property (if any). Neither the Receiver nor the Vendor warrant or represent that any insurance cover is or will be carried in respect of the Subject Property. 14. No Alienation The Purchaser shall not assign, sub-sell or part with the benefit of this Contract or their interest therein without the previous consent in writing of the Vendor. 15. Inspection The Subject Property is sold in its present state and condition and the Purchaser is deemed to have inspected the Subject Property and be aware of its present state and condition including (without limitation) all fixtures and fittings included therein. No objection requisition or enquiry shall be raised by the Purchaser in this regard. In particular the Purchaser shall make its own enquiries in connection with any fixtures and fittings in the Subject Property and General Condition 46 is excluded in this regard. 16. Postal Closing Where completion of the within transaction is to take place otherwise than at the office of the Vendor s Solicitor and the Purchaser s Solicitor fails or neglects to nominate (as required in accordance with General Condition 24 (c) (i)) an agreed mode of dispatch of the completion documents, it is hereby agreed between the parties hereto, that such mode of dispatch shall be by way of registered post or by Documents Exchange (DX). 17. State of the Property The Purchaser shall not call upon the Vendor or the Receiver to remove from the Subject Property any rubbish, spoil, fittings from advertising or promotion materials or signs or other objects on or in the Subject Property whether or not owned by the Vendor and shall not delay the closing of the sale on account of the state of the Subject Property. General Condition 21 is hereby amended accordingly.

14 18. Deposit Ganly Walters Limited or the Vendor s Solicitor will hold the deposit as agent for the Vendor and not as stakeholder and General Condition 4(d) is hereby amended accordingly. 19. Entire Agreement and Representations The Purchaser agrees and accepts that no information, statement, description, quantity or measurement contained in any advertisements or given orally or contained in any brochure, catalogue, letter, report, docket or hand out issued by or on behalf of the Vendor or any agent acting on behalf of the Vendor in respect of the Subject Property (whether or not in the course of any representation or negotiations leading to the Sale) shall constitute a representation inducing the Purchaser to enter into the Sale or a condition or warranty forming part of this Contract. Any information, statement, description, quantity or measurements so given or contained in any such advertisement, brochure, catalogue, letter, report or hand out issued by or on behalf of the Vendor or any agent on its behalf are for illustration purposes only and are not to be taken as matters of fact and that any mistake, omission, inaccuracy or mis-description given orally or in the form of any advertisement, brochure, catalogue, letter, report or hand out issued by or on behalf of the Vendor or any of its agents (whether or not in the course of any representation or negotiations leading to the Sale) shall not give rise to any right of action, claim, entitlement or compensation against or from the Vendor or any of its agents under this agreement or otherwise or any right of residue of termination. The within Contract comprises the entire of the Contract between the Vendor and the Purchaser and supersedes any other alleged contract between the parties in relation to the Subject Property. For the avoidance of doubt, the parties hereby acknowledge that any previous agreement which may have been entered into by the Vendor, Receivers and Purchaser relating to the Subject Property is hereby rescinded. Any statement, representation or warranty made by the Vendor, agent or employees during the course of negotiations leading to the Sale which are not herein contained and set forth are hereby treated as having been withdrawn and will have no force or effect at law whatsoever. General Condition 33 shall be read subject to this condition. 20. Purchaser s Warranty The Purchaser warrants that he is not a person connected to (i) the Receiver; (ii) an officer or employee of Danske or (iii) the Vendor where person connected to means any of the following: (a) a company (as defined under the relevant Companies Acts in the jurisdiction governing this Contract and each or both being referred to as a Relevant Company ) related to any of the parties (i) to (iii) above; (b) a company in which any of the parties (i) to (iii) above are shareholders ( an Owned Company ); (c) a company controlled by any of the parties (i) to (iii) above, that is to say a company in which any of the parties (i) to (iii) have an interest (either alone or together with (1) a Relevant Company, (2) a nominee (as defined in (d) below) of any of the parties (i) to

15 (iii), (3) a trustee of any of the parties (i) to (iii) above, (4) a person in partnership with any of the parties (i) to (iii) above in connection with any credit facility or security or (5) an Owned Company) in 25% or more of the equity share capital or entitled to exercise or control the exercise of 25% or more of the voting powers at any general meeting; (d) a nominee or person who may or does in fact act at the direction of any of the parties referred to at (i) to (iii) and (a) to (c) above; (e) a trustee (whether or not declared) where the beneficiaries include, directly or indirectly, any of the parties (i) to (iii) above or any of the parties referred to at (a) to (d) above; (f) the Vendor. The Purchaser further warrants and confirms that the Purchase Price payable under this Contract for Sale comprised the entire consideration being paid or passing in any form from the Purchaser in respect of the Subject Property. 21. Severance If any term, provision, clause or sub-clause of this Contract shall in whole or in part be held by a Court to be unlawful void or unenforceable under any enactment or rule of law that term, provisions, clause or sub-clause or part thereof shall to be the required extent be severed from and deemed not to form part of this Contract and the validity and enforceability of the remainder of this Contract shall not be thereby adversely affected.

16 NON TITLE INFORMATION Query Reply (Please tick and/or insert comments as appropriate) 1. SERVICES i. How is the Subject Property serviced as to: (a) drainage; (b) water supply; (c) electricity; (d) gas; and (e) otherwise YES NO COMMENT Not Known. ii. iii. iv. Have the services (including roads, lanes, footpaths, sewers and drains) abutting or servicing the Subject Property been taken over by the Local Authority. Will a letter from the Local Authority or a solicitor s certificate to vouch the position be furnished on or before closing. If the services are not in charge, are there appropriate easements and indemnities in existence. Is the Subject Property serviced by: (a) septic tank; or (b) private drainage scheme. Is the Subject Property serviced for television and if so is it by: (a) Cable TV; (b) Satellite Dish; (c) MMDF; (d) TV aerial owned by Vendor; or (e) TV aerial owned by another. No Not Known. Not Known. If (b) or (d) applies, will it be included in the Purchase Price. v. Is there a telephone line to be supplied with the Subject Property. Not Known. vi. Is there an ISDN Line to be supplied with the Subject Property. Not Known.

17 2. CONTENTS i. Are there any contents included in the Purchase Price. YES NO COMMENT (i) None such ii. If so, give Vendor s estimate of value. Are there any fixtures, fittings or chattels included in this Sale which are the subject of any Lease, Rent, Hire Purchase Agreement or Chattel Mortgage. If so, furnish now the Agreement and on closing proof of payment to date or discharge thereof. (ii) Vendor is not aware. Purchaser should make its own enquiries. 3. OUTGOINGS i. What is the Rateable Valuation of: (a) Lands; (b) Buildings. ii. Give particulars of any other periodic or annual charge which affects the Subject Property or any part of it. Not Known. Not Known. iii. Is the Vendor or any predecessor in title liable for any payments under the Local Government (Charges) Act 2009 in respect of the Subject Property? If so, a letter of clearance from the local authority confirming no outstanding payment will be required on closing. If not, please state why not. Not Known. 4. BUILDING ENERGY RATING ( BER ) Furnish a copy of a valid BER certificate and related advisory report in respect of the Subject Property. Not applicable.