Lease Term
10 years

Term Commencement
23rd July 2015

Rent
€968,084 per annum plus VAT paid quarterly in advance

Repairing
Full Repairing in the condition prevailing at the Term Commencemet Date as evidenced by the Schedule of Condition.

Rent Review
22nd July 2020, capped €1,303,190 per annum.

Tenant Break Option
30th September 2021 & 30th September 2023 subject to 6 months prior notice in writing.

Renunciation of Renewal Rights
Tenant has executed a Deed of Renunciation.

Roof Licence Fee
Where licences for third party equipment/plant are secured, any income arising shall be split 50/50 between the Landlord and Tenant.

Alienation
Group Companies can sub-let or assign in whole or part but not below the passing rent. The Tenant has an entitlement to assign or sub-let the entire or any part to Eircom Limited or any subsidiary or affiliate company on condition that Eircom Limited provides a guarantee.

Guarantee
The Lease is guaranteed by HCL EAS Limited (UK).