These terms of settlement filed, are hereby adopted as a consent judgment of the suit between the parties ,:
A: TERMS OF SETTLEMENT
1. The Plaintiffs shall pursuant to these terms of settlement execute a sub-lease in favour of the Defendant within Thirty (30) days after the execution of these terms of settlement.
2. The sub-lease to be granted shall be for a term of fifteen (15) years certain with effect from 1st May, 2015 to `30thJune, 2030. PROVIDED always that the obligation of the Plaintiffs to continue the sub-lease from 31st October, 2024 shall be contingent and/or subject to the renewal of the Head-lease from the Government of Ghana prior to its expiration on 30th October, 2024.
3. That during the term of the sub lease, the Defendant shall pay rent to the Plaintiffs as follows:
i. In the initial period of five (5) years, the sum of Ghana Cedis equivalent of Thirty-five Thousand United States Dollars (US$35,000.00) per month at the prevailing commercial bank r…