MEMORANDUM OF AGREEMENT:

Scope and Content

1. The Great Orme Tramway Company.

2. John Wainwright, Bryn Lupus, near Llandudno, gentleman.

Memorandum of agreement re the advancement of £1,000 to the G.O.T. by John Wainwright in return for a Lloyds Bond.

Endorsed on title page:

'Original signed by J. Wainwright and given to him 13/3/03.' Initialled by [AGP].