DRAFT MEMORANDUM OF AGREEMENT

Scope and Content

1. Conway Waterworks Company Limited

2. Mayor, Bailiffs and Free Burgesses of the Town and Borough of Conway.

Re: sale of 5 acres of land on the east side of Penmaenbach to CWCL for purpose of supply of water to the town of Conway especially in relation to the supply of water to Conway Morfa for houses and cattle.