CORPORATE LEASE AGREEMENT

This Corporate Lease Agreement (the “Agreement”) is being entered into on this 12th
December’ 2020 (the “Effective Date”) at Hyderabad, India.
BY AND BETWEEN
Mr. RAJ, aged 56 year, bearing PAN Card # PRR7993IRE, AADHAR card #
IRE32343434OIE, residing at 83, Ronak Building, Road No. 34, Banjara Hills, Hyderabad,
Telangana, India – 500023, owner of the property Commercial Hub – 1, Mohan Park, Street
No. 2, Rethi Bowli, Santosh Nagar, Mehdipatnam, Hyderabad, Telangana, India – 500028,
hereinafter referred to as “Lessor” of the ONE PART;
AND
Mr. RAM, owner of Ram Diagnostic Centre Pvt. Ltd, a company incorporated under
Companies Act, 2013, bearing CIN UIE7876OES, having its registered office at 34, Suman
Nagar, Road No. 27, Jubilee Hills, Hyderabad, Telangana, India – 500025 hereinafter referred
to as “Lessee” of the OTHER PART.
The Lessor and the Lessee shall hereby be individually referred to as “Party” and collectively
as “Parties”.
WHEREAS
A) The Lessor is real estate developer has multiple commercial premises is exclusive and
lawful owner of “Commercial Hub -1” 1st Floor, Mohan Park, Street No. 2, Rethi Bowli,
Santosh Nagar, Mehdipatnam, Hyderabad, Telangana, India – 500028 (“Leased
Premises”) admeasuring 5000sq.ft covered area.
B) The Lessee is engaged in the business of a diagnostic centre named Ram Diagnostic
Centre Pvt. Ltd. (the “Centre”).
C) Lessee is interested in setting up his office in the centre of Hyderabad City. The Lessee
has approached Lessor to grant the right the use and occupy the Leased Premises as his
Centre to carry on the business for a Term (defined hereinafter) of 42 months.

NOWTHEREFORE, it is hereby mutually agreed by and between the Parties hereto as

follows:

1. PREMISES AND USE

1.1 SIZE OF THE LEASED PREMISES: The Lessor hereby grants the Lessee the
rights and interest in the Leased Premises consist of approximately 5000 sq ft
and comprises approximately 75% of the total leasable area in the building. The
square footage of the Leased Premises shall be determined by measuring from
the outside of all exterior walls to the centreline of any walls.
1.2 RESERVED USES: The Lessor reserves to itself the use of roof, exterior walls,
and the area above and below the Leased Premises, together with the right to
install, maintain, use, repair, and replace pipes, ducts, conduits, wires, and
 structural elements leading through the Leased Premises and which serve either
the Leased Premises or other parts of the building.
1.3 COMMON AREA: a) The Lessor grants the Lessee the non-exclusive right to
use, in common with all other lessees or tenants of the building, the Common
Area of the building.
b) The “Common Area” shall mean and include all areas and improvements
in the building, which are not leased or held for lease to tenants.
c) The Common Area shall at all times be the exclusive control and
management of the Lessor, and
d) the Lessor shall have the right from time-to-time to change the size,
locations, shapes, and arrangements of the Common Area, restrict parking
by Lessee and other lessees to the designated areas; and do and perform
such other acts in and to the Common Area and adopt, modify and enforce
such rules and requirements as Lessor may deem fit in its sole discretion.
e) The Lessor shall maintain the Common Area in good repair and reasonably
clear of debris.
1.4 PARKING AREA: a) The Lessee and its employees, agents shall have the right
to use the parking area of the building, excluding its customers. The Lessee’s
customer may park their vehicle in the common parking area out side the
building.
b) the Lessee may not sublet or assign its parking area. Lessee accepts and
understands that the parking privileges are exclusively for the Lessee, its
employees and agents, and such parking privileges may not be sublet or
assigned.
1.5 LIFTS: There are three lifts in the building, the Lessee and other tenants can
use lift A and B, however, all the employees and helpers shall use lift C.
1.6 The Lesser has the right to alter and repair the Leased Premises only with prior
approval of the Lessor.

2. TRANSFER OF RIGHTS

2.1 The Leased Premises is leased only for the Lessee’s exclusive right to use and
occupation, the Lessee does not have the right to sublet the Leased Premise to
any other person except with prior permission of the Lessor.
2.2 The Lessee can sub-lease the Leased Premises only to an entity who are
engaged in the Centre of the Lessee including, but not limited to, employees
and agents.

3. TERM

3.1 This Agreement shall be in full force and effect from the Effective Date for a
period of forty-two (42) months(“Term”) and end at midnight on 12th June’ 24
(“Termination Date”).
3.2 This Agreement may be renewed provided the Lessee is not in default in the
performance of this Agreement, the Lessee shall have the option to renew this
 Agreement for an additional period of forty- two (42) months term commencing
on the Termination Date by providing a written notice in the following manner.
a) The notice of renewal shall be given to the Lessor not less than thirty (30)
days prior to the Termination Date through speed post or email to other
Party;
b) Notice to Lessor shall be sent to the following address:
Mr. Raj,
Address: 83, Ronak Building, Road No. 34, Banjara Hills, Hyderabad,
Telangana, India – 500023.
Email:

c) Notice to Lessee shall be sent to the following address:

Mr. Ram
Address: 34, Suman Nagar, Road No. 27, Jubilee Hills, Hyderabad,
Telangana, India – 500025
Email:
d) If the notice is not given in the manner provided herein within the given
time, this option shall expire.
3.3 Lock-in period: a) The Lessee shall not terminate this Agreement prior the
Termination Date. However, if the Lessee wants to terminate this Agreement
before the Termination Date, he should pay all the Rent and clear all the dues
before termination and give a three months’ notice of early termination to the
Lessor in the manner stated in Clause 3.2 (a);
b) The Lessee will be entitled to receive the whole Security Deposit (defined in
Clause 5) after termination only if the Leased Premises is in good condition.

4. PAYMENT

4.1 Base Rent: The Lessee shall pay to the Lessor, from the Effective Date an
amount of Rs 25,00,000/- (Rupees Twenty-five Lakhs only) on a monthly basis
(“Base Rent”).
4.2 Utility Charges: The Base Rent shall include Utility Charges on the building.
“Utility Charges” would mean the total cost and expenses incurred in
operating, managing, insuring, equipping, lighting, repairing, maintaining, and
policing the building, including, the exterior of the building and the Common
Areas.
4.3 Taxes: Lessee shall pay all taxes levied against all or any part of the Leased
Premises, the building and the improvements thereon. These taxes are included
in the Rent and shall be paid directly by the Lessor.
4.4 Rent: Base Rent and Utility Charges under this Agreement may collectively be
referred to as “Rent”.
4.5 All Rent shall be payable through bank transfer into the account of the Lessor
as follows:
Account No.: _____
Bank Name: ____
Bank Branch: ______
 IFSC Code: ______
4.6 The Rent shall be due no later than ten (10) days of each month. If any amount
due under this Agreement remains unpaid for a period of three (3) months
(“Grace Period”), after its due date, a late charge equal to 1% of the monthly
Rent along with the Base Rent (“Penalty”), shall be paid by the Lessee to the
Lessor.
4.7 Escalation: The Parties mutually agrees that the Base Rent shall be liable for
an escalation of 10% in the following manner:
Sr. No. TERM PARTICULAR OF RENT

1. 12\12\2020- 11\12\2021 Base Rent

2. 11\12\2021 – 10\12\2022 Base Rent + 10 % of Escalation
3. 11\12\2022 – 10\12\2023 Base Rent + 20% of Escalation
4. 11\12\2023 – 11\06\2024 Base Rent + 30% of Escalation

4.8 In the event of slow-down of the Lessee’s business, the Lessor shall provide an
additional grace period of thirty (30) days to pay the Rent. Provided, the Lessee
has given the certified copy of its book of account to the Lessor evidencing the
slow-down of his business.

5. SECURITY DEPOSIT

5.1 The Lessee shall, at the time of executing this Agreement, deposit with the
Lessor an amount equivalent to twelve (12) months’ worth monthly Rent
(“Security Deposit”), which shall serve as security for the full performance of
the obligations and covenants of Lessee under this Agreement.
5.2 This Security Deposit will be refunded to the Lessee in the event of termination
of this Agreement. Provided, the Leased Premises is under good condition.
However, if the there is any damage to the Leased Premises, the cost of repair
should be taken from the Security Deposit.
5.3 The Lessor shall return the Security deposit to the Lessee within the period of
thirty (30) days (“Refund Period”). In the event of any deduction as stated
under Clause 5.2 the Lessor shall return the remaining amount to the Lessee.
5.4 If the Lessor fails to return the Security Deposit within the Refund Period, the
Lessor shall be liable to pay an interest rate of 2% on every month delay of such
deposit.
5.5 If event of failure of Lessor to return the Security Deposit, the Lessee shall
lawfully use and remain in possession of the Leased Premises without paying
any Rent for a period of twelve (12) months, until the Security Deposit amount
has been covered.

6. INSURANCE

6.1 The Lessee shall purchase and maintain public liability and property damage
insurance against loss, cost and expense by reason of injury to or the death of
 persons or damage to or the destruction of property arising out of or in
connection with the occupancy or use by Lessee, its employees or agents, of
the Leased Premises and the Common Area.
6.2 The Lessee shall furnish to the Lessor the certificate of insurance evidencing
such coverage which provides that such policies may not be cancelled without
giving fifteen (15) days prior notice to the Lessor.
6.3 In the event the Lessee fails to provide such insurance, the Lessor shall obtain
such insurance and collect the cost thereof from the Lessee as an additional
Rent.
6.4 The Lessor shall keep the building insured against loss or damages by fire and
other perils normally covered under standard risk insurance (excluding the loss
or damages caused due to Lessee’s Leased Premises).
6.5 The Lessor may also maintain public liability, property damage, loss of rent,
and such other insurance coverage related to the building as the Lessor may
deem fit. All such insurance coverage maintained by the Lessor shall be
considered as utility charges and shall be covered under the Base Rent.

7. MAINTENANCE AND REPAIR

7.1 The Lessee shall pay the maintenance charges on a monthly basis which shall
be included in the Rent.
7.2 The Security Deposit amount may be used by Lessor to repair the Leased
Premises, if there is a damage caused to the Leased Premises by the Lessee as
stated in Clause 5.2 above.
7.3 The Common Area maintenance charges including, but not limited to, lift,
electricity usage, parking, etc shall be covered under the Rent.
7.4 The Lessor shall be responsible for repairing the building, and all the exterior
part of the Leased Premises, however, the Lessee shall be responsible for
repairing the interior of the Leased Premises and maintain it in good condition.
7.5 If the Lessee repairs the Leased Premises at time of entering into this
Agreement, he can claim the amount from the Lessor or deduct the said amount
from the Rent with prior approval of the Lessor.
7.6 All the wear and tear undertaken during the Term of the usage of the Leased
Premises will be solely done at the expense of the Lessee, Lessor will not be
responsible for the same.

8. GOVERINING LAW AND DISPUTE RESOLUTION

8.1 In the event of any dispute or differences arises in connection with the
interpretation, implementation of this Agreement as specified above, the Parties
shall mandatorily refer the dispute for resolution by arbitration in accordance
with the terms of this Agreement as provided herein below.
8.2 The dispute shall be referred to and finally resolved by arbitration pursuant to
the Arbitration and Conciliation Act, 1996 thereof, amendment or re-enactment
thereto from time to time and under the Rules of Indian Council of Arbitration
 (“ICA”), which Rules are deemed to be incorporated by reference into this
Clause. The tribunal shall consist of three arbitrators. Each of the disputing
Party shall appoint one arbitrator and the two arbitrators so appointed shall
collectively appoint the third arbitrator.
8.3 The language of arbitration shall be English.
8.4 The place of arbitration shall be Hyderabad, India.
8.5 The arbitration award shall be binding on the Parties and the Parties agree to
be bound thereby and to act accordingly.
8.6 Where aby dispute is under arbitration, except for the matters under dispute,
the Parties shall continue to exercise their remaining respective rights and fulfil
their remaining respective obligations under this Agreement to the extent
practicable.
8.7 The arbitration proceedings shall be confidential.
8.8 This Agreement shall be governed by the law of India and Hyderabad courts
shall have exclusive jurisdiction for the settlement of all disputes arising under
this Agreement.

9. FORCE MAJEURE
In the event that either Party shall be delayed or hindered in or prevented from doing or
performing any act or thing required in this Agreement by reason of strikes, lock-outs,
casualties, act of God, labour troubles, inability to procure materials, failure of power,
governmental laws or regulations, riots, insurrection, war, pandemics, or other causes beyond
the reasonable of such party, then such Party shall not be liable or responsible for any such
delays and the doing or performing of such act or thing shall be excused for the period of the
delay and the period for the performance of any such act shall be extended for a period
equivalent to the period of such delay.

10. STAMP DUTY AND REGISTRATION

This Agreement is to be registered and the expenditure of Stamp duty and registration fees
and incidental charges, if any, shall be borne by the Lessee.
IN WITNESS WHEREOF, the Parties hereto have caused this Agreement to be executed as of
the date set forth above by and through their duly authorized agents.

BY AND ON BEHALF OF: (LESSOR)

Mr. RAJ
ADDRESS:
SIGN:

BY AND ON BEHALF OF: (LESSEE)

MR. RAM
ADDRESS:
SIGN:
 LEAVE AND LICENSE AGREEMENT

Licensor: Mr. Prashant Jagtap, Nagpur

Licensee: Mr. Raman Bajaj, Mumbai

1. OBLIGATIONS
A. Obligations by Licensee:
a) The Licensee shall pay the License Fees on time, any late payment will attract a
penalty of 1%.
b) The Licensee shall abide and follow all the society rules and regulations;
c) He will not use the Demised Premises for any other purpose except for the which
the license has been granted.
d) He shall maintain the Demised Premises in a good and tenable conditions, and
conduct all the wear and tear that is necessary to maintain it.
e) The Licensees shall not conduct or engage in any activity that is unlawful under the
law.

B. Obligations by Licensor:
a) The Licensor shall not do any act or conduct in order to disturb the occupation
of the Licensee;
b) The Licensor shall ensure that the Licensee shall remains in occupation of the
Demised Premises during its term, even in the event of any sale, mortgage,
creation of charge in the Demised Premises;
c) The Licensor shall pay all taxes related to Demised Premises like property tax,
municipal tax, etc.

C. STAMP DUTY AND REGISTRATION

This Agreement is to be registered and the expenditure of Stamp duty and

registration fees and incidental charges, if any, shall be borne by the Licensee.