Monthly Rent : Rs.

1,20,000
Three Year Rent : Rs. .00
Stamp duty : Rs. .00
Period of Lease : 05 years
Ward : Shivaji Marg

LEASE AGREEMENT

THIS LEASE DEED is executed on this 15 th of January, 2020

by Smt. Padmini Agarwal, W/o Sri Ashok Kumar Agarwal, resident
of 13, Shivaji Marg, Lucknow-226018 and current Resident of 8/5,
Vikramaditya Marg, Lucknow-226001 and rightful owner of
property located at Upper Ground Floor 102/20, Shivaji Marg,
Lucknow - 226018 (Hereinafter referred to as the "LESSOR" which
expression shall wherever the context admits or permits shall deem to
mean and include his/her heirs, successors in interest, legal
representatives, administrator, as, signs and no nines) of the ONE PART

AND

Mr. S/o , R/o ................................................................... running

business under M/s xxxx a Sole Proprietorship Firm having its
office at .................................., (Hereinafter referred to as "LESSEE"
which expression shall wherever the context admits or permits shall
deem to mean and include its authorized representatives, partners,
agents, and successors-in-interest of the OTHER PART)

The LESSOR and Lessee are hereinafter collectively referred to as

"Parties''.

WHEREAS, the LESSOR herein has the sole and absolute ownership
right of property located at Upper Ground Floor 102/20, Shivaji Marg,
Lucknow - 226018, Uttar Pradesh. The total area of the premises at
lower ground floor totaling to area of around xxx sq ft.

DETAILS OF THE RENTED PREMISES

1. Premises for let-out: Upper Ground Floor,102/20, Shivaji

Marg, Lucknow -18, Uttar Pradesh
2. South: Residence
3. North: Shivaji Marg Road
4. East: Side Lane
5. West: Property of M/s Vimal Sons

A map of the lease area is attached for reference

DURATION OF THE LEASE

1. The grant of Lease to exclusive use of the said premises for the
purpose of Retail Showroom shall be for five years

2. The both parties can terminate the Lease after 12 months by giving
three months written notice to the other party.
3. There is a lock in period of 12 months and no party can terminate this
agreement within the first 12 months of signing the agreement.

4. Renewal of the lease: If agreed by both the LESSOR and the lessee
will be executed after 5 years, for which a fresh lease deed will be
developed.

CONSIDERATION

1. The Rent payable by LESSEE in consideration for the use of the said
premises shall be Rs.1,20,000 /- (Rupees One Lac Twenty only) per
month.

2. Rent will be paid by the lessee after the deduction of TDS as

applicable from time to time. The TDS certificate of the same will
have to be provided by the lessee on a quarterly basis.

3. The LESSOR alone will be responsible for the payment of Municipal

Taxes and water taxes for the running of the peaceful business in the
property.

4. Cheque/ Online Transfer to be made in the name of Mrs. Padmini

Agarwal for the rent consideration amount. The bank details for
RTGS/NEFT is as below

Account Name : Mrs. Padmini Agarwal

Bank : Dena Bank
Ac No : 063110001073
IFSC code : BKDN072631
Branch : Shivaji Marg, Lucknow

5. The Lessee has also agreed to pay an interest free security deposit
of Rs. xxx/- (Rupees xxx only) which is 3 months equivalent rent to
the LESSOR vide cheque no ….…… dated ……............. Drawn in
the favor of ………................................…. However the same will be
adjusted in the last months rent by the lessor at the time of vacating
of the premises.

6. The lessee will also pay advance rent for the month of January 2020
for Rs. xxx/- (Rupees xxx only which is Rs xx/- less TDS vide
Cheque No xxx dated xxx )

The LESSEE doth hereby covenants with the LESSOR as follows:

1. The rent will be paid on or before the 5th day of every month. The
Lessee shall take all legal permissions and registration to carry on its
trade under law and shall not use the premises for any unlawful act.

2. The monthly Lease Rent payable shall be increased by 5% after

every one year on the cumulative yearly rent.

3. That the LESSEE will take a separate Electric connection for the said
premises and will pay all electricity dues directly to the Lucknow
Electric Supply undertaking all the charges for Electric Energy
consumed in the demised premises.
4. There will be a common lift for all the tenants, the lessee will have to
bear proportionate maintenance charges for the lift which will be paid
every month on actual basis.

5. That the LESSEE shall not assign, sub-let, or part with possession of
the demised premises or any part thereto.

6. That the LESSEE will use the premises for running his business of a
showroom and office for Plywood, Laminates, Veneer and hardware
business for the entire duration of the lease. The LESSEE shall not
use the property for any other activity than the above which includes
opening of a restaurant or any activity which is directly in competition
to the LESSOR that of Lighting, Solar and Sanitary-ware business.
The LESSEE shall not us the Upper Ground Floor for Go-down
purpose and shall not over-load the upper ground floor which may
have adverse effect on the slab.

7. That at the expiry of the above lease period lease or at the earlier
determination of the above lease or after expiry of period of renewed
lease, if any, the LESSEE, will peacefully and quietly yield and deliver
the possession to the LESSOR of the demised premises in as good
order and conditions as the same as of now with reasonable wear
and tear, damage by the fire (otherwise than the negligence of the
LESSEE), earthquake, flood, lighting, tempest, riot, war, air-raid or
any Act of God that may be expected, but breakages and looses
apart from the above, will be made good at the expense of the
LESSEE.

8. LESSEE has right to install Glow signs, flex in ms frame at the Front
Façade of the premises, as agreed by LESSOR and as per the rules
and guidelines of the Lucknow Nagar Nigam.

9. That the LESSEE shall have the right to attach additional fitting and
fixtures like fans, fan regulators, lights, switches, and other electric
appliances including Air Conditioning at the demised premises or any
part thereof, and to remove and take away the same on the expiry or
earlier determination of this lease or at any time prior thereto as the
LESSEE may decide. At the end of the demised period the LESSEE
has to make sure that the premises is returned to the LESSOR in its
original form as was provided to him at the time of the agreement.

10. The agreement is for Upper ground floor only and the lessee shall
have no right to use any other floor owned and operated by the
LESSOR.

11. A washroom is provided by the LESSOR to the LESSEE on the

Upper Ground Floor which the lessee will have to ensure is cleaned
and maintained properly.

The LESSOR cloth hereby covenants with LESSEE as follows:

1. That on the LESSEE performing and observing all covenants and

conditions herein contained and on their part to be observed, fulfilled
 and performed, they shall quietly hold and enjoy the demised
premise during the said term without any interruption by or from the
LESSOR or any person claiming through or under him.

2. That the LESSOR will keep the demised premises wind and water
tight and in a habitable condition and will execute all such major and
structural repairs to the demised premises as may become
necessary with the concurrence of the LESSEE owing to or in
consequences of normal wear and tear due to the Act of God, Fire
(otherwise than by the negligence of the LESSEE), storm, tempest,
earthquake, flood, lighting, war air-riots, and other irresistible force. It
is further clarifying that if any whatever damage occurred due to
negligence of the LESSEE, then cost of repair of that damage shall
by borne by LESSEE exclusively.

OTHER TERMS & CONDITIONS:-

1. Registration Charges such as Registration fee along with Stamp
papers and other legal charges will be borne by the LESSOR and
LESSEE in the ratio of 50% each including lawyers fee.
2. This agreement constitutes the entire agreement and understanding
of the parties in respect of the Lease and supersedes any and all
prior negotiations, correspondence or obligations between the
parties in respect thereof.
3. All the stocks, materials etc. kept in the rented premises by the
LESSEE will be exclusive property of the LESSEE & the LESSOR
shall have no right of any nature on that.
4. The peaceful possession of the said property shall be given to the
LESSEE by the LESSOR after entering into this Lease agreement.
5. The Lessee shall be entitled to remove its furniture & fixtures at the
time of vacating the premises which have been installed by the
Lessee. The LESSORS premises shall be left on "as is where basis"
by the LESSEE.
STAMP DUTY CALCULATION

License Fee
Calculation:
For 5 Years Monthly Five years
Year 0-1
Year 1-2
Year 2-3
Year 3-4
Last 4-5
Total rent
One year average
rent
Three year average
rent
Stamp Duty payable
(4%)
+ Refundable amount
Stamp Duty paid through e-stamp certificate no. xxx dated.
IN WITNESS WHEREOF WE the first and the second party have signed
this rent note/lease agreement voluntarily, of my own free will and
without any pressure or coercion of any kind from any quarter on the
date, month and year first given above, in presence of witnesses at
Lucknow.

WITNESSES :-

1. (Smt. Padmini
Agarwal)
First party/Lessor

2.

(Mr. )
Second
party/Lessee

Typed By: Drafted By:

(Ahhay Shah) (Dr. P.S. Singh)
Advocate
Civil Court,
Lucknow