DRAFT DEED OF COVENANT

Scope and Content

1. Thomas Wilkinson, gentleman, Thomas Wright, gentleman and James Allport, gentleman, all of Liverpool, trustees of The Duke St. Benefit Building Society.

2. Henry Hayn formerly of Llandudno but now of Bryn Cregin, pa. Eglwysrhos, gentleman.

3. William Hughes of Llandudno, painter.

Re: documents relating to parcel of land between Madoc St. and Mostyn St. used as a builders yard.

[Heavily amended draft]