Exhibit 10.7
DATED
SUB- UNDERLEASE
of
Sugar Quay
Lower Thames Street
London EC3
THIS SUB-UNDERLEASE is made the 2007
NOW THIS DEED WITNESSES as follows:
In this Sub-Underlease the following expressions shall have the following meanings:-
“ 10 Lower Thames Street ” means the building at 10 Lower Thames Street, London EC3R 6DU;
“ 1954 Act ” means the Landlord and Tenant Act 1954;
“ 1954 Act Notice ” means a notice in a form complying with the requirements of section 38A(3)(a) of the 1954 Act;
“ 1954 Act Statutory Declaration ” means a statutory declaration in a form complying with the requirements of section
38A(3)(a) of the 1954 Act;
“ 1995 Act ” means the Landlord and Tenant (Covenants) Act 1995;
“ Additional Rent ” means all sums payable to the Landlord pursuant to clause 4, and all sums (other than Principal Rent,
Insurance Rent, Service Charge and VAT Rent) which are recoverable as rent in arrear or stated in this Sub-Underlease to
be due to the Landlord.
“ Advance Payment ” means the Tenant’s Proportion of the Estimated Expenditure;
“ Base Rate ” means the base rate for the time being of Barclays Bank PLC or some other London clearing bank nominated
from time to time by the Landlord or, in the event of base rate being abolished, such other comparable rate of interest as
the Landlord shall reasonably specify.
“ Building ” means the Building known as Sugar Quay Lower Thames Street in the City of London together with its
curtilage shown edged red on the plan annexed hereto and lettered “A”;
“ Centennium House ” means the building known as Centennium House, 100 Lower Thames Street, London EC5
“ Common Parts ” means passenger lifts, entrances, reception areas, staircases, passages, landings, toilet accommodation
and all other parts of the Building which are or may from time to time be provided or designated by the Landlord or
Superior Landlord to be enjoyed or used by the Tenant in common with others;