Bellway (Builders) Limited

ANY OUTSTANDING SUM, WHICH IS DEFINED BY THE DEED OF ASSIGNMENT OF OPTION DATED 31 JANUARY 2001 BEING ANY SUM WHICH IS P ROPERLY DUE AND PAYABLE BY THE COMPANY T O THE CHARGEE PURSUANT TO CLAUSE 4 OF TH AT DEED AS OR TOWARDS THE COSTS PAYMENT OR THE OVERAGE PAYMENT ON THE OCCASION O F ANY ACQUISITION BY THE COMPANY (OR AT ITS DIRECTION) OF ANY PART OF THE CONJOI NED PROPERTY BUT WHICH IS NOT IN FACT PA ID ON SUCH OCCASION (ALL TERMS AS DEFINE D)

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£251,000

£60,000

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£111,750 DUE FROM THE COMPANY AND WILLIA M LEECH (BUILDERS) LTD TO THE CHARGEE