2016-10-17 GC Agenda - Item 8 - Attachment 2 (Amended) - Statement of Financial Position

                   (A)    all Legal Requirements;

                   (B)    all relevant health, safety, environmental and community
                          guidelines, rules and procedures notified by the Lessee to the
                          Supplier; and

                   (C)    all reasonable directions given by the Lessee.

     (c)   The Lessor warrants to the Lessee that the execution, delivery and performance
           of the Lease by the Lessor does not contravene any provision of:

           (i)     any Legal Requirement either in force, or enacted but not yet in force
                   binding on the Lessor;

           (ii)    the constitution of the Lessor;

           (iii)   any obligation which is binding upon the Lessor or upon any of its assets
                   or revenues (including the Buses).

     (d)   The Lessee relies on the warranties and representations in this clause 6.

     (e)   All warranties, representations, undertakings, indemnities and other obligations
           made, given or undertaken by the Lessor in the Lease are cumulative and none
           shall be given a limited construction by reference to any other.

     (f)   Nothing in this clause 6 excludes, restricts or modifies the application of any
           statute relevant to the supply of the Services under the Lease which by law cannot
           be excluded, restricted or modified.

7.   Ownership

     (a)   The Buses remain the property of the Lessor throughout the Term. The Lessee
           has the right to exclusive use of the Buses during the Term.

     (b)   The Lessor agrees that the Buses will be operated by the Operator during the
           Term as part of the Electric Bus Programme Trial.

     (c)   The Lessor must not create or allow an encumbrance over any of the Buses
           during the Term.

8.   Hold Points

     (a)   By 5th January 2017, the Lessor must:

           (i)     manufacture the Charging Infrastructure;

           (ii)    test the Charging Infrastructure for compliance with the requirements of
                   the Lease;

           (iii)   issue a certificate to the Lessee which certifies that the Charging
                   Infrastructure has been manufactured and tested and complies with the
                   requirements of the Lease.

     (b)   By 6th April 2017, the Lessor must:

           (i)     manufacture the Buses (excluding the Charging Infrastructure);



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