LEASE AGREEMENT

This LEASE AGREEMENT is made on this the __________ day of ______, 2020 of
Christian Era.

BETWEEN

FIRST SECURITY ISLAMI BANK LIMITED, a Banking Company, having its Head
Office at Rangs RD Center, Block: SE (F), Plot:03, Gulshan Ave, Dhaka 1212, along
with one of its branch Offices namely “Islampur Branch” having its office at Mabud
Tower, 105 Islampur Road, Dhaka hereinafter referred to as the LESSEE (which
expression shall where the context so admits mean and include its representatives,
executors, administrators, successors-in interest and assigns) of the ONE PART.

AND

(i) MD. REZAUL KARIM, Son of Md. Helal Uddin Bepari & Razia Begum, having
present address at Kamargaon, Sreenagar, Munshigonj, and permanent address at House-
20/1, K.G. Gupta Lane, Laxmibazar, Sutrapur, Dhaka, & (ii) MD. ROMAN, Son of Nur
Ahmed & Rokeya Begum, having present address at Sreedharpur, Baroikhali, Sreenagar,
Munshigonj, and permanent address at Bikrampur Garden City(4 th Floor), shop No. 2,
No.3 Simson Road, Kotowali, Dhaka, hereinafter referred to as the LESSOR, (which
expression shall where the context so admits include their heirs, representatives,
executors, administrators and assigns) of the OTHER PART.

AND WHEREAS the LESSOR desirous for leasing out the floor spaces measuring 800
(Eight hundred) sft. at the Second floor of a building situated at Joutho Plaza, , Holding
No. 5/1, Sadarghat Road, Kotowali, Dhaka and the LESSEE has agreed to take over the
same on lease.

IN THE PREMISES THEREFORE, AND SUBJECT TO THE MUTUAL

COVENANTS HEREIN AFTER THE PARTIES HERETO AGREE AS
FOLLOWS:

1. DEMISED PREMISES:

The Demised Premises which the LESSOR agrees to lease out to the LESSEE is a
space measuring approximately 800 (Eight hundred) sft. of the second floor of a

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 building and land along with the facilities attached thereto, fully described in the
schedule below (hereinafter referred to as the Demised Premises).

2. TENURE:

a) The tenure of the lease is 10(Ten) years (hereinafter referred as the Lease Term)
communing from the date of handing over of this physical Possession of the
premises.

b) The lease may be renewed for a further period at the option of the both Parties at
the expiry of the Lease Term.

3. RENT:

a) The monthly rent for the Demised Premises is agreed at Tk.72,000.00 (Taka
Seventy two thousand) only at the rate of Tk.90/-(Taka Ninety)per square feet
forthe space measuring 800 (Eight hundred) sft.

b) Moreover rent will be calculated on actual measurement. The monthly rent is

payable to the LESSOR at the end of each month and will be paid within7thday of
the following month.

c) The rent is subject to deduction of the income tax at source as per Income Tax
Ordinance unless tax exemption certificate issued by the National Board of
Revenue is being produced by the LESSOR.

4. ADVANCE RENT:

a) The LESSEE shall pay a lump sum amountofTk.32,40,000.00 /-(Thirty two lacs
forty thousand) only as advance payment against the scheduled mentioned 800
(Eight hundred) sft.of Demised Premises of the ground floor of the scheduled
mentioned building to the LESSOR in pursuant to the execution of this agreement
( hereinafter referred to as "the Advance Rent").

b) The advance rent shall be adjusted @ 50% out of the monthly rent.

c) Except as expressly provided for in this Agreement the LESSOR shall not be
entitled to any additional rent, charge, fees, etc. for the use by the LESSEE of any
space in and/or in the Demised Premises as expressly permitted hereunder

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 including but not limited to the parking space, space for installation of the
generator, communication equipment's etc.

5. COVENANTS 0F THE LESSEE:

The LESSEE covenants and represents:

a) To pay the aforesaid rent to the LESSOR at the time and in the manner
aforesaid,

b) The LESSEE hereby agrees to pay electric bill/water charges as per bill.

c) To pay AIT deducting from the monthly rent, if any to the Income Tax
Authority and submit payment receipt thereof to the LESSOR.

d) To pay the electric charges of the Demised Premises as per the reading of the
meter to be installed by the LESSOR for the Demised Premises upon receipt
of the relevant bill from the competent authority.

e) To decorate the interior of the Demised Premises at the cost of the LESSEE.

f) To keep the Demised Premises clean and to carry out all minor repairs and
day to day maintenance of the Demised Premises at the cost of the LESSEE.

g) Subject to the terms and conditions of this Agreement not to make any
structural alteration or additions in or to the Demised Premises without prior
written permission of the LESSOR except that the LESSEE will front time, to
time be entitled to erect, fix or fit such additional fixtures and fittings as may
be reasonably required for the renovation and decoration of the Demised
Premises and on expiry or sooner determination of the lease, will be obliged to
remove such additional fixtures and fittings and the LESSEE will restore the
DEMISED PREMISES in the same condition as at the commencement of the
lease agreement subject to reasonable wear and tear without hampering the
Main structure,

6. COVENANTS OF THE LESSOR:

The LESSOR covenants and represents:

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a) At his own cost to arrange supply of electricity for the Demised Premises as per
the requirement of the LESSEE, that is 50 (fifty) K.W. or the load required to run
the LESSEE’s central air conditioning system and for functioning all electrical
and for electronics appliances of the LESSEE at the Demised Premises and for
this purpose to install power substation, if necessary.

b) To maintain regular water and electricity supply for the Demised Premises at his
own cost.

c) To pay any bill towards electricity, water charges etc. pertaining to the period
prior to the date of taking possession of the Demised Premises by the LESSEE to
the authority or authorities concerned.

d) To pay the ground rent, urban tax and any other taxes in connection with the land
and the Demised Premises.

e) To allow the LESSEE to use the Demised Premises peacefully during the lease
term upon payment of the rent and upon performance of the covenants herein
contained without any interruption or eviction by the LESSOR or any person
rightfully claiming under or in trust for them or any other person whatsoever.

f) To allow the LESSEE to renovate the Demised Premises as per their requirements
and with verbal discussion.

g) To comply with all the Regulations issued from time to time, as set by the
Government, Dhaka City Corporation and other local authority in connection with
the Demised Premises.

h) To renovate the existing floor of the Demised Premises with mirror polish Tiles
fittings or equivalent at the cost of the LESSOR. The LESSOR will also
renovate/repair the walls/floors wherever required.

i) The LESSOR will allow the lessee to install Radio link 'Power and for VSAT on
the top floor/roof of the building for communication and IT use purpose. Whereas
the LESSEE will give an undertaking for the risk coverage of the VSAT TOWER
to the LESSOR.

7. COVENANTS OF THE LESSOR ON TITLE:

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 The LESSOR covenants and represents that:

a) The LESSOR is entitled to lease out the Demised Premises with full power and
absolute authority and can lease the same free of any adverse claim or demand or
any legal impediment or hindrance whatsoever and is in physical possession of
the Demised Premises.

b) The LESSOR has lull right and authority to lease the Demised Premises to the
LESSEE and to execute and deliver this Deed on the terms and conditions set
forth herein.

c) There are no easements, restrictions, covenants or encumbrances affecting the

Demised Premises or which prohibits or restricts the use of the demised premises
for the purposes herein stated by the LESSEE or which diminish any of the
LFSSEE's right hereby granted or increase any of the LESSEE 's obligations/
liabilities hereunder.

d) The LESSOR has /will have complied with all legal and statutory requirements to
enable the LESSEE to use and occupy the Demised Premise in the manner
envisaged herein.

e) No proceedings before any court, Tribunal and /or Authority have or have been
initiated or which may directly or indirectly affect the rights of the LESSEE
herein.

f) Throughout the terms of the Lease envisaged herein the LESSOR will not permit
or allow or do or omit to be done any act or deed that may cause the revocation
or amendment of any sanction permit relating to the Demised Premises or the use
hereof.

g) The LESSOR will abide by all laws, by-laws and rules, regulations, orders and
notifications of the Government including other authorities at present and from
time to time applicable to the Demised Premises.

8. JOINT COVENANTS:

a) Both the LESSOR and the LESSEE agree that the Demised Premises shall be
used for commercial purpose only and the LESSEE shall not use it for any illegal

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 or immoral purpose or for any purpose that may become a nuisance for the
neighbors.

b) The LESSOR agrees to allow the LESSEE to construct, fix, erect in or fasten to
the Demised Premises temporary wooden partitions, counters, and all office
fixtures and fittings without making any alteration to the original structure of the
Demised Premises.

c) The LESSEE shall have the right to remove all fittings and fixtures from the
Demised Premises upon termination or upon expiry of the lease term without
causing any damage to the Demised Premises.

d) Upon expiry of the lease term unless the same is renewed, the LESSEE will hand
over the vacant possession of the Demised Premises to the LESSOR

e) To deliver vacant possession of the demised premises to the LESSOR upon the
termination of the lease period in the same good order and condition it was at the
time of take over.

f) The LESSOR will at his own cost install separate electric meter for the Demised
Premises.

9. RENOVATION & REPAIR OF THE DEMISED PREMISES:

a) The parties hereto hereby agree that the LESSEE may undertake all necessary
renovation of the Demised Premises including but not limited to decoration,
interior and for exterior coloring, painting plastering, additional wooden works,
etc. at its sole discretion and own cost, provided however, that any change,
alteration, addition and for improvement to the basic structure of the Demised
Premises in any manner shall not be made without prior written consent of the
LESSOR.

b) The lessee shall not be entitled to any payment for any construction of a
permanent nature which the lessee does for his own convenience after obtaining
due permission from the LESSOR, nor shall the lessee be entitled to demolish
such construction at the time of termination of this contract, especially if such
demolition stands to risk the aesthetic appeal & beauty of the demised premises.
Provided however, that the LESSOR will pay to the LESSEE such construction
cost thereof as agreed between the parties upon mutual agreement before handing

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 over the vacant possession of the DEMISED PREMISES by the LESSEE to the
LESSOR.

c) The LESSOR will make major repairs in the Demised Premises resulting from
ordinary wear and tear, cyclone, storm, earthquake, flood, construction defect or
any other similar causes, which can be repaired.

d) The repairs as aforesaid shall he completed by the LESSOR within a short time of
receipt of the notice from the LESSEE with request for tile same.

10. SIGN BOARD:

The LESSEE will be allowed to hang sign board / Neon sign, nameplates glow
sign etc, on the suitable place of Ground and 1" floor of the building except the
common entrance.

11. INSPECTION AND QUIET & PEACEFUL ENJOYMENT:

The LESSOR or the authorized representative(s) of the LESSOR will be entitled

to inspect the DEMISED PREMISES during day time/working hours. Subject to
such inspection, the LESSEE shall have the right to peaceably hold and enjoy the
Demised Premises during the term upon payment of the rent and upon
performance of the covenants herein contained without any interruption or
eviction by the LESSOR or any person rightfully claiming under or in trust for the
LESSOR or any other person whomsoever.

12. APPROVAL / CONSENTS:

a) The LESSOR shall at their own cost, obtain all relevant permissions/ approval for
the leasing of the DEMISED PREMISES, if necessary and procure and install all
requisite utility facilities for the DEMISED PREMISES.

b) LESSEE, if possible, shall assist the LESSOR in all and every manner in
obtaining the approval (s) or the renewal /extension of such approvals
expeditiously from the concerned authorities.

c) The respective parties hereto shall maintain in full Force and effect all permits,
policies, licenses, consents, approval and other authorizations required to enable

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 such party to perform its obligations hereunder or required for the validity or
enforceability of the Lease Agreement.

13. TERMINATION:

a) Either party to the agreement may terminate the agreement by giving the opposite
party a notice in writing as under:

i. The LESSEE may terminate the agreement by giving at least 6(six) months
prior notice in writing to the LESSOR.

ii. The LESSOR may terminate the agreement by giving at least 12(twelve)
months prior notice to the LESSEE in writing.

b) In the event of early termination of the lease for any reason whatsoever and /or in
any mode as provided in this Agreement the LESSOR will forthwith refund the
unadjusted Advance Rent, if any, to the LESSEE in the manner provided herein.

14. ARBITRATION:

All disputes and differences concerning the validity, scope, meaning construction
or effect of this agreement or any dispute or disagreement between the parties
hereto as to any matter relating to this agreement which cannot be settled by
mutual discussion shall be settled by arbitration of two Arbitrators, one to be
appointed by the LESSEE and the other to be appointed by the LESSOR and in
case of difference of opinion between the said two Arbitrators to an Umpire, who
shall be appointed by the Arbitrators before they enter on the reference and the
award of the Arbitrators or the Umpire, as the case may be, shall be final and
binding on both the parties hereto within the meaning of Arbitration Act, 2001.

Each party shall bear its own arbitration costs and expenses provided however
that the arbitrator may modify the allocation fees, costs and expenses in the award
in the cases where fairness dictates other than an equal allocation between the
parties.

15. FORCE MEASURE:

a) In the event of the Demised Premises or any part thereof being wholly or
partially destroyed by earthquake, tempest, flood, civil commotion, enemies of the

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 State or other irresistible force beyond human control as to render the same or any
part thereof substantially unfit for the purpose for which it is let then in any such
ease the LESSEE will have the following options:

i. To terminate the lease either immediately or upon giving 6(Six) month's

notice in writing to the LESSOR.

ii. To continue the lease with notice to the LESSOR requiring the LESSOR to
repair the damaged portion of the Demised Premises whereupon the LESSOR
shall complete the repairing work within the time, which is reasonably
required for completion of such repair,

That in the event of the Demised Premises or any part thereof being requisitioned
or appropriated by the Government under any law, this lease shall forthwith he
terminated ( but without prejudice to the rights and remedies of either party
against the other in respect of any antecedent claim or breach of covenant).

16. REFUND OF ADVANCE RENT

Upon termination expiry of the lease by the LESSEE and/or by the LESSOR, as
the case may he the LESSOR hereby gives unconditional undertaking to refund
the unadjusted Advance Rent to the LESSEE within 15 (fifteen) days of such
termination/expiry of the Cease agreement.

17. INDEMNITY:

The LESSOR agrees to indemnify and keep the LESSEE in peaceful possession
of the demised premises in the event of any dispute or claim arising out of any
dispute about the absolute ownership of the LESSOR over the scheduled land in
question. In such circumstances, the LESSEE shall not be liable to make payment
of Rent to the LESSOR. On the other hand, the LESSOR will be bound to refund
the unadjusted Advance Rent to the LESSEE along with the monthly rent paid so
far by the LESSEE to the LESSOR which amount will be deposited in the Sundry
deposit account or as per direction ( if any) of the competent authority.

18. TAXES:

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a) The LESSOR will be responsible for and shall pay all taxes, rates, ground rent,
house
tax, property tax and any other levies, charges that may be levied or payable to the
municipality, corporations, the Government in respect of the DEMISED
PREMISES.

b) The LESSOR agrees to indemnify the LESSEE if any claim is made against or
imposed on the LESSEE in respect of any fees, taxes and other charges of which
are or may be assessed against the DEMISED PREMISES from time to time.

19. NOTICE:
Any notice to be given hereof shall be given in writing and shall be served by
personal delivery addressed to the party concerned at its office at the following
addresses.

For the LESSEE For the LESSOR

First Security Islamic Bank Ltd ___________________________.
Islampur Branch
Mabud Tower, 105 Islampur Road,
Dhaka

20. AMENDMENT:
This agreement may, at any time be amended by mutual agreement in writing
between the parties hereto.

21. WHOLE AGREEMENT:

This agreement supersedes all previous negotiation and any representations or

understandings written or otherwise between the parties hereto and this
Agreement shall constitute the entire agreement between the parties hereto with
respect to the Demised Premises.

22. EFFECTS OF HEADINGS:

The subject headings of this agreement are included for the purpose of
convenience only and shall not affect the construction or interpretation of none of
its provision.

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23. SUCCESSORS BOUND:

This Agreement shah be binding upon the successor —in-interest, legal

representatives, administrators and assigns of the parties hereto.

24. COUNTER PART:

This Agreement is made in 2(two) sets in original. Each of the parties shall get a
set of original of the Agreement.

SCHEDULE OF THE DEMISED PREMISES

All that piece and parcel of floor space measuring 800 (Eight hundred) sft. at the
second floor of a 5 storied building constructed on the land measuring 2.27 (Two
point two seven) decimals, located at District-Dhaka, Police Station-Kotowali, Sadar
Sub-Registry Office of Dhaka, Mouja-C.S. Sit No. 40, S.A. Sit No. 10, R.S. & City
Jarip Sit No. 1, C.S. Khatian No. 14249, S.A. Khatian No. 2300, R.S. Khatian No.
1479, City Jarip Khatian No. 6180 Dag No(s). C.S. 101(One hundred one), S.A. 4226
(Four thousand two hundred twenty six), R.S. 6670 (Six thousand six hundred
seventy), City Jarip. 19527 (Ninteen thousand five hundred twenty seven), &
having Dhaka South City Corporation Holding No. 5/1, Simson Road, Kotowali,
Dhaka, together with the use and enjoyment in common with the LESSOR, other
tenants and other persons entitled there to common spaces and facilities such as all
entrances, electricity connectivity, gas line, water supply, sewerage line, staircases
and landings etc.

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IN WITNESS WI IEREOF, the parties hereto mutually agree to subscribe their names on
the day month and year mentioned above.
Signature of the LESSEE: Signature on behalf of the LESSOR:

_____________________ _____________________
For & On behalf of Md. Rezaul Karim
First Securiy Islami Bank Ltd
Authorized signature
Name: _____________
Designation:________________
Company Seal: Signature on behalf of the LESSOR:

_____________________
Md. Roman

Witness: Witness:

1)Name: 1) Name:

Address: Address:

2) Name: 2) Name:

Address: Address:

Drafted By:

(ArifeBillah)
Barrister-at Law, Advocate
Supreme Court of Bangadesh
For: “The Lawyers Alliance”
M. L. Hotel Tower Ltd. (10th
Floor)208,Shahid Sayed Nazrul
Sarani Bijoynagar, Dhaka-1000

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