LEAVE AND LICENSE AGREEMENT

This LEAVE AND LICENSE AGREEMENT (the ‘Agreement’) is made on the date and at the
place as mentioned in Schedule 1 hereto.

BY AND BETWEEN

The LICENSOR, details whereof are more specifically mentioned in Schedule 1 hereto,
(hereinafter referred to as the “LICENSOR” which expression shall, unless repugnant to the
context or meaning thereof, be deemed to mean and include her legal heirs, executors,
administrators legal representatives and permitted assigns) of the ONE PART

AND

TATA MOTORS FINANCE LIMITED (PAN- AAECS0591F), a company incorporated and

registered under the provisions of the Companies Act, 1956, having its registered office at Sir H C
Dinshaw Building, No. 14, 4th Floor, 16, Horniman Circle, Fort-400001, Mumbai, Maharashtra,
with its Corporate Head Office at Lodha iThink Techno Campus, A-Wing, 2nd Floor, Pokhran
Road No-2, Off Eastern Express Highway, Thane (W), Maharashtra. (Hereinafter referred to as
“LICENSEE” which expression shall, unless repugnant to the context or meaning thereof, be
deemed to mean and include its successors and assigns) of the OTHER PART

(Licensor and the Licensee shall, wherever the context requires, be hereinafter collectively referred
to as “Parties” and individually as “Party”.)

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WHEREAS:

1. The Licensor has represented to the Licensee that the Licensor is in possession of a
‘Property’, details whereof are specified in Schedule 2 hereto.

2. The Licensor is the absolute owner and is possessed of or otherwise well and sufficiently
entitled to and has got valid, clear and marketable title, interest and powers in respect of the
Property;

3. The Licensor has constructed the Property in accordance with the plans sanctioned by the
Development Authority as specified in Schedule 2 hereto and has obtained the Completion
Certificate for the Property.

4. The Licensor has not charged/ created any third-party rights/ interests in respect of the
Property till the date of execution of this Agreement.

5. The Licensee has approached the Licensor and based upon the representations of the Licensor
mentioned hereinabove, the Licensee has expressed its desire to take on a leave and license
basis, the ‘Licensed Premises’, details whereof are specified in Schedule 2 hereto and the
Licensor has agreed for the same subject to the terms and conditions contained hereinafter.

NOW THEREFORE, in consideration of the mutual covenants, terms and conditions and
understandings set forth in this Agreement, and other good and valuable fees (the receipt and
adequacy of which are hereby mutually acknowledged), the Parties with the intent to be legally
bound hereby agree as follows:

ARTICLE 1: DEFINITIONS AND PRINCIPLES OF INTERPRETATION

1.1) Definitions:
For the purposes of this Agreement, in addition to the terms defined in the introduction to this
Agreement, wherever used in this Agreement, unless repugnant to the meaning or context thereof,
the following expressions shall have the following meanings:

a) “Agreement” means this Leave and License Agreement and all attached Annexures, Schedules,
Exhibits and instruments supplemental to or amending, modifying or confirming the said
Agreement in accordance with the provisions of this Agreement;

b) “Force Majeure Event” shall mean and refer to non-performance of obligations by any Party
under the terms of this Agreement or unavailability of the Licensed Premises or unoccupancy of
the Licensed Premises by the Licensee by reason of changes in Laws or regulations, riots,
insurrection, war, terrorist action, pandemic, lockdown imposed by the relevant authorities, Acts of
God and similar unforeseen circumstances which are beyond such Party’s control; provided,
however, that lack of adequate funds or resources available to the Licensor to fulfill any of its
obligations under this Agreement shall not qualify as a Force Majeure Event.

c) “Law” means all applicable laws, bye-laws, rules, regulations, orders, ordinances, protocols,
codes, guidelines, policies, notices, directions, judgments, decrees or other requirements or official
directive or any Governmental Authority or Person acting under the authority of any
Governmental Authority and/ or of any statutory authority in India, including any directive,
guideline, policy, requirement or other governmental restriction or any similar form of decision of,
or determination by, or any interpretation or administration having the force of law of any of the
foregoing, by any competent authority having jurisdiction over the Building, whether in effect as
of the date of execution of the Agreement or thereafter;

d) “Third Party” shall mean and refer to a person who is not a party to this Agreement.

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e) “Building” shall mean a structure/tower/building constructed on the Property in which the
Licensed Premises is situated.

f) “Licensed Premises” shall have the meaning ascribed to it in Recital 5 hereof.

g) “Property” shall have the meaning ascribed to it in Recital 1 hereof.

h) “Leave and License” shall have the meaning ascribed to it under Clause 3.1 hereof.

i) “Leave and License Period” shall have the meaning ascribed to it under Clause 3.2 hereof.

j) “Leave and License Fee” shall have the meaning ascribed to it under Clause 4.1.1 hereof.

k) “Developing Authority” shall mean such authority as is more particularly described in Schedule
2 hereof.

L) “Security Deposit” shall have the meaning ascribed to it under Clause 4.2.1 hereof.

1.2 Interpretation
In this Agreement,

a) The descriptive headings of Sections are inserted solely for convenience of reference and are not
intended as complete or accurate descriptions of the content thereof and shall not be used to
interpret the provisions of this Agreement.

b) The recitals, annexure, schedules and appendices form part of the Agreement and shall have the
same force and effect as if expressly set out in the body of this Agreement, and any reference to
this Agreement shall include any recitals, schedules and appendices to it. Any references to clauses
and schedules are references to clauses of and schedules to this Agreement. Any references to parts
or paragraphs are, unless otherwise stated, references to parts or paragraphs of the schedule in
which the reference appears;

c) Any references to this Agreement or any other document shall be construed as references to this
Agreement or that other document as amended, varied, novated, supplemented or replaced from
time to time.
ARTICLE 2: REPRESENTATIONS

Based on the following representations made by the Licensor to the Licensee, the Licensee has
agreed to execute this Agreement.

2.1 The Licensor is absolutely seized and possessed of and has good, undisputed, unencumbered,
clear and marketable title of the Property and the Licensed Premises and has good right, full power
and absolute authority to grant unto the Licensee the Licensed Premises in the manner herein
appearing and that the Licensor is not restricted in any manner whatsoever including by any decree
or order of the court of competent jurisdiction to grant/provide the Licensed Premises on a Leave
and License basis;

2.2 The building which includes the Licensed Premises has been constructed in accordance with
the sanctioned plans, rules, regulations as prescribed and in compliance with the approvals granted
by the concerned authorities in this regard;

2.3 The Licensor shall comply with the terms and conditions of the occupation certificate/
completion certificate.

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2.4 The building which includes the Licensed Premises is for commercial use and the Licensor on
its part so far as it is attributable to it has obtained all necessary approvals and/ or sanctions by the
concerned authorities for enabling the Licensee to use and occupy the Licensed Premises for the
business of the Licensee. It is clarified that the Licensor will perform, observe, comply and
conform to its obligations and the rules regulations and conditions stipulated by the concerned
authorities to enable the Licensee to carry out its business and the Licensor shall indemnify the
Licensee against non–compliance of the same.

2.5 The Property (including the building in which the Licensed Premises is situated) which
includes the Licensed Premises (including any part thereof), are not subject to any litigation or
proceedings in any Court or Tribunal nor is there any attachment on the said Property including
the Licensed Premises either before or after judgment.

2.6 The Licensor is not restricted in any manner whatsoever from granting/providing the Licensed
Premised on a Leave and License basis to the Licensee for its business in the manner contemplated
in this Agreement by any agreement, arrangement, document, and contract or by any rule,
regulation or any notification or by any order of a court, tribunal or any other authority;

2.7 The Licensor has paid and/ or shall pay to the concerned authorities all present or future taxes,
rates, fees, maintenance charges, property taxes, non-agricultural assessments, assessments,
including any increases thereof, in respect of the Property and the building which includes the
Licensed Premises. Provided that, if the concerned authorities recover the same from the Licensee
then the amounts so recovered by the concerned authorities from the Licensee shall be adjusted
towards the Leave and License Fee (as defined hereinafter). It is further clarified that the Licensor
has till date paid all the water charges and electricity charges in respect of the Licensed Premises
and the Property. The Licensor shall hereafter pay all water and electricity charges in respect of the
Property and the building in which the Licensed Premises is situated, except the Licensed Premises
in respect of which the Licensee is liable to pay;

2.8 That no notice from the Government or any other local body or authority or under the
Provincial Municipal Corporation Act or Development Control Regulations or Epidemic Diseases
Act or Land Acquisition Act or Town Planning Act or The Defense of India Act or any legislative
enactment, Government Ordinance, Order, Notification (including any notice for acquisition or
requisition of the Property, the building in which the Licensed Premises is situated, has been
received by or served upon the Licensor nor is the Property, the Building, the Licensed Premises or
any part thereof included in the development plan of Municipal Corporation / Council / concerned
local authorities, for any public purpose;

2.9 That there is no prohibitory order or order of attachment of the Property, the Building, the
Licensed Premises (or any part thereof) from the department of income tax for taxes or of any
department of government, central and/ or state, local body, public authority for taxes, rates, levies,
cesses, etc.;

2.10 That the Licensor has a clear and marketable title to the Property, the Building, the Licensed
Premises and the Property, the Building and the Licensed Premises are free from all
encumbrances, claims, charges and demands of any nature whatsoever and the Licensor has not
created any mortgage, charge, encumbrances, lease, lien or otherwise on the Licensed Premises
and the Licensor shall not in future do so, in any manner, that would prejudicially affect the
Licensee’s rights, entitlements and benefits as contained herein;

2.11 That the Property, the Building, the Licensed Premises (or any part thereof) are not affected
by any order passed under the Urban Land (Ceiling and Regulation) Act, 1976;

2.12 That the Licensor has all the rights and title to enter into this Agreement and in future shall
not do any act or allow any person or party to do any act or thing, whereby the right and

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entitlements of the Licensee to use the Licensed Premises in the manner herein, may be affected or
jeopardized in any manner whatsoever;

2.13 If the Licensee shall pay the Leave and License Fee hereby agreed upon and shall observe and
perform all the terms and conditions of this Agreement on its part required to be observed and
performed, the Licensee shall be entitled to use and occupy the Licensed Premises as the Licensee
thereof without any suit, interruption, eviction, claim or demand, whatsoever from the Licensor or
any person or persons who may claim through or under it.

2.14 The Licensor on formation of an association/ condominium (hereinafter referred to as “the

concerned body”) in respect of the Building, shall notify the concerned body of the Licensed
Premises being provided on a Leave and License basis to the Licensee and the Licensor represents
that the formation of such concerned body shall in no way affect the right and entitlement of the
Licensee to use the Licensed Premises in the manner herein.

2.15 In the event of termination of this Agreement, the Licensor shall, on such termination date
refund the Security Deposit to the Licensee and till such time the Security Deposit is refunded, the
Licensee shall be entitled to occupy the Licensed Premises without being liable to pay any
amounts and such occupation will be physical or constructive as the case may be and the Licensor
shall be disentitled to seek possession of the same form the Licensee. This is without prejudice to
the rights of the Licensee in law to recover the Security Deposit.

2.16 The Licensor shall at its own cost and expenses, maintain in a good condition, the common
access passage to the Licensed Premises.

2.17 The Licensor shall ensure that in the event the Licensor carries out constructions and/ or
development work and/ or re-development work, in any manner whatsoever, in the Property and in
the Building and or around the Building, they shall cover such site adequately and not cause
nuisance and/ or disturbance to the Licensee, its group companies, their employees, staff,
personnel or visitors and/ or shall not adversely affect the Licensee, its group companies, their
employees, staff, personnel to carry on the business;

2.18 The Licensor shall render all reasonable assistance and co-operation to the Licensee for the
purpose of taking benefit of its entitlements set out in this Agreement and for that purpose, the
Licensor agrees to give consent in favour of the Licensee to make and sign, all such applications,
letters, documents, affidavits and writings as may be required under law;

2.19 The Licensor shall maintain the Licensed Premises structurally safe and capable of exclusive
use and occupation by the Licensee and carry out structural repairs, if required, to the Licensed
Premises and bear and pay all costs, charges and expenses in respect thereof provided such repairs
are not required due to any act or omission of the Licensee;

2.20 The Licensor shall, in the event of any litigation or any proceedings/ actions of any nature
whatsoever brought about by any Third Party, which threatens to hamper the exclusive use and
occupation of the Licensed Premises and the enjoyment of the Leave and License herein granted or
which may jeopardize any of the rights of the Licensee under this Agreement, the Licensor hereby
undertakes to contest/ defend such litigations/ actions/ proceedings at its own costs so that the
Licensee continues to exclusively use and occupy the Licensed Premises and continues to enjoy
the benefits/ rights/ entitlements granted to it under this Agreement; Provided such litigation/
proceeding/ actions are not attributable to the Licensee and/ or its group companies and or its
employees and or its staff and or its personnel’s and or its visitors and or its agents etc.

2.21 During the subsistence of this Agreement, the Licensor shall not, without the explicit written
consent of the Licensee, mortgage, charge, encumber the Licensed Premises so as to prejudicially
affect in any manner whatsoever the rights of the Licensee as provided herein and provided the

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Licensor has disclosed to the proposed mortgagee or person in whose favour the charge is intended
to be created, of the rights of the Licensee herein and that such mortgage, charge or encumber shall
be subject to the rights of the Licensee herein.

2.22 The Licensor shall at all times for and during the subsistence of this Agreement, at its own
cost and expense, keep the Building, the Property, the Licensed Premises, insured and the Licensor
shall ensure that the premium in respect of the policy is paid up to-date at all times.

2.23 That there are no facts or circumstances within the knowledge of the Licensor which ought to
be disclosed to the Licensee.

2.24 That the covenants, representations and warranties herein contained shall survive the term of
this Agreement.

2.25 The Licensor hereby represents that the documents furnished or to be furnished to the
Licensee pursuant to this Agreement or in connection herewith or with the transactions
contemplated hereby, does not contain or will contain any untrue or misleading statement or
suppresses any fact necessary to make the statements contained herein or therein, in light of the
circumstances under which they are made, as misleading facts or statements. There have been no
events or transactions, or facts or information which has come to, or upon reasonable diligence,
should have come to, the attention of the Licensor and which have not been disclosed herein or in
a schedule hereto, having a direct impact on the transactions contemplated hereunder.

2.26 There are no Estate Duty, Wealth Tax, Sales Tax or other taxation proceedings, whether for
recovery or otherwise, initiated by any Taxation Authorities or local Authorities, pending whereby
the rights of the Licensor to deal with the Licensed Premises are in any way affected and/ or
jeopardized;

2.27 The Licensor doth hereby declares and warrants that, the Property including the Licensed
Premises was not acquired by him/ it/ them either directly or indirectly out of any proceeds or
moneys in contravention of the provisions of the Prevention of Money Laundering Act, 2002.

2.28 The Licensor doth hereby agrees to indemnify and keep the Licensee fully and effectively
indemnified at all times from and against all claims, demands, actions, suits and/ or proceedings
that may be made or taken against the Licensee with regards to the non-compliance or violation by
the Licensor of the clause 2.27 above and the costs, charges, expenses (including attorney fees)
that may be suffered or incurred by the Licensee on account of or arising out of any alleged
violation or non-compliance by the Licensor of the Provisions of the Money Laundering Act, 2002
shall by reimbursed in whole by the Licensor to the Licensee. In the event if the Licensor is unable
to reimburse such costs, charges and expenses, the Licensee shall deduct the same from the Leave
and License Fee that are payable by the Licensee to the Licensor under this Agreement.

2.29 That the Licensed Premises situated in the Building/ Property has been constructed in
accordance with law and that the building plan for the Licensed Premises is approved by the
Development Authority (as specified in the Schedule 2 hereto) and the Licensed Premises is well
within the plan approved by the Development Authority (as specified in the Schedule 2 hereto). In
the event, the area in use of the Licensee is reduced or affected at any stage because of any
objection from the Municipal or other regulatory authorities and/or any damage is caused to the
Licensed Premises or any of the equipment, furniture and fixtures, installations etc. of the Licensee
during the duration of the Leave and License, the Licensor undertakes to indemnify and shall keep
indemnified the Licensee against all such damages, loss and injury caused to the Licensee and the
Licensor agrees that the fee payable shall be proportionately reduced and the Licensee shall also
have the option to terminate the Leave and License arrangement at its sole discretion. Also, the
Licensor indemnifies the Licensee and in any such event occurring as above, the entire amount

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spent by the Licensee as interior, electrical and civil works shall be refunded to the Licensee by the
Licensor.

2.30 That the Licensor does hereby authorize the Licensee to deduct from the Leave and License
fee, damages, if any, suffered by the Licensee by way of financial loss or otherwise in the event of
any action that may be taken by any other statutory/ non-statutory authority, due to irregularity, if
any, in construction of the said premises/ against the said premises.

2.31 That, in order to facilitate for being used by the Licensee for its business purpose, the
Licensor shall obtain the approved plan for the alterations/ modifications to be carried out to the
interiors of the Licensed Premises in accordance with the Plan submitted by the Licensee to the
Licensor. The said approval has to be obtained by the Licensor at his sole cost and expense only.

ARTICLE 3: LEASE, DURATION OF THE LEASE AND TERM OF THE AGREEMENT:

3.1 In consideration of Leave and License fee and subject to conditions and covenants on the part
of the Licensee to be observed and performed under this Agreement, the Licensor hereby grants to
the Licensee, the right to exclusively use and occupy in the manner mentioned herein the Licensed
Premises, without creating any tenancy or other rights or interest of any nature whatsoever in
favour of the Licensee for the Leave and License Period (“Leave and License”).

3.2 Subject to the provisions of this Agreement, Licensed Premises shall be given on a Leave and
License basis for such term/ period as is more particularly specified in Schedule 1 hereof (“Leave
and License Period”).

3.3 The Licensee shall enjoy, occupy and use the Licensed Premises for commercial/ office
purposes. The Licensee shall also enjoy along with other occupants of the Building, the permitted
common areas and facilities in the Building such as common access, staircases, lifts, etc.

3.4 This term of this Agreement shall be coterminous with the Leave and License Period.

ARTICLE 4: LEASE FEE (INCLUDING PARKING CHARGES), SECURITY DEPOSIT

AND TAXES

4.1 LEASE FEE (INCLUDING PARKING CHARGES)

4.1.1 In consideration of the Leave and License granted/provided by the Licensor to the Licensee
for exclusive use and occupation of the Licensed Premises, the Licensee shall pay to the Licensor a
monthly Leave and License fee (including parking charges) at the rate and in the manner stated in
the Schedule 1 (“Leave and License Fee”) to this Agreement.

4.1.2 The Leave and License fee shall be paid fully, without any and all deductions whatsoever,
except for applicable income-tax deductions at source, other statutory deductions, if any
applicable, and such other adjustments as may be agreed to between the parties under this
Agreement. The Licensor shall be solely responsible for all current and future municipal and
property taxes in respect of the Licensed Premises.

4.1.3 The Licensee shall reimburse to the Licensor the applicable GST on the Leave and License
fee. In this regard, the Licensor shall raise its invoice/ debit note in an appropriate format on the
Licensee.

4.1.4 The Leave and License fee in respect of the Licensed Premises shall be payable by Licensee
by such day of the current English calendar month as is more particularly mentioned in Schedule 1
hereto (‘Leave and License fee Payment Date’). The Leave and License fee for the first month
shall be paid proportionately in advance according to the number of days balance.

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4.1.5 It is expressly agreed by and between the Parties hereto that the Leave and License fee
payable by the Licensee to the Licensor in respect of the use of the said Licensed Premises shall
for all purposes be deemed to be fair and reasonable and the Licensee or Licensor shall not under
any circumstances challenge the same in any Court of Law or any other authority or tribunal or
forum as not being a fair Leave and License fee in respect of the use of the Licensed Premises.

4.1.6 It is hereby expressly agreed to by the Licensor that the obligation of the Licensee pertaining
to the payment of the Leave and License fee shall commence after such period as is mentioned in
Schedule 1 hereto (‘Fee Free Period’). The Licensor shall be required to complete the Civil Work
(as mentioned in Schedule 3 hereto) in this fee Free Period.

4.2 SECURITY DEPOSIT

4.2.1 The Licensee has, in order to guarantee the due performance of all its obligations enumerated
in this Agreement and in consideration of the Licensor providing to the Licensee, the Licensed
Premises, on a Leave and License basis, deposited and maintained with the Licensor a refundable
interest free security deposit as more particularly stated in the Schedule 2 hereto (“Security
Deposit”), the receipt whereof the Licensor hereby admits and acknowledges.

4.2.2 The Leave and License fee for the notice period referred to in Article 6 hereinbelow shall be
adjusted from and out of the Security Deposit by way of set off against the Security Deposit and
the Licensee shall not be in default of this Agreement by reason of not paying monthly Leave and
License fee during the aforesaid notice period and the balance of the Security Deposit after making
the aforesaid adjustment shall be refunded by the Licensor on the termination of this Agreement
against the Licensee handing over peaceful and vacant possession of the Licensed Premises.

4.2.3 It is agreed by and between the Parties hereto that on this Agreement being terminated by
either Party as provided herein or on the expiry of the Leave and License, whichever is earlier, the
Licensor shall become liable to and shall refund the entire refundable Security Deposit, to the
Licensee subject to the Licensee having paid all Leave and License fee and specified amounts due
to the Licensor under this Agreement until the termination or expiry of the Leave and License,
whoever is earlier, upon the date indicated by the Licensee by a notice in writing served upon the
Licensor at the address mentioned herein below and simultaneously surrender vacant and physical
possession of the Licensed Premises (reasonable wear and tear, damage/ loss to/ destruction of the
Licensed Premises by fire, not caused by the willful neglect on the part of the Licensee, using the
Licensed Premises, civil commotion, riots, air attack, accident or irresistible force or act of God
and anything else beyond the control of the Licensee excepted).

4.2.4 If the Licensor fails to refund the Security Deposit amount to Licensee on the expiry of the
Leave and License or upon termination of this Agreement, whichever is earlier, and
simultaneously with the Licensee handing over the said Licensed Premises to the Licensor, the
Licensor shall pay interest to the Licensee at the rate of 18% per annum on the outstanding amount
of the Security Deposit from the date of failure to refund the Security Deposit till the date of actual
refund thereof, and in addition the Licensee shall, without prejudice to its legal rights, have the
right to retain the physical possession and right to use the Licensed Premises, upon paying the
Licensor a sum of Re.1/- per day for such use and no other charges on any count whatsoever till
the Security Deposit (subject to deductions, if any) together with interest thereon at the rate of 18%
per annum is refunded by the Licensor.

ARTICLE 5: OBLIGATIONS ON THE PART OF THE PARTIES

5.1 COVENANTS OF THE Licensor

The Licensor hereby covenants with the Licensee as follows.

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5.1.1 The Licensor shall maintain the exterior of the Property where the Licensed Premises are
located.

5.1.2 The Licensor shall during the Leave and License Period maintain the Property and the
Licensed Premises in good and habitable condition.

5.1.3 The Licensor shall allow the Licensee to carry out at its own cost all interior work, including
flooring, air conditioning supply and return air ducting, wiring and lighting, civil, electrical and
plumbing work in the Licensed Premises as may be required by the Licensee strictly as per the
approved drawings, applicable laws and bye laws. The Licensor shall extend its co-operation for
obtaining all or any required permission for carrying out interior changes, in relation to the
Licensed Premises from the concerned authorities.

5.1.4 The Licensor shall arrange for necessary repairs in respect of any major structural damages,
defects or damage to electrical power at the main electricity board expeditiously and within
reasonable period not exceeding two weeks. If for any reason the defects cannot be rectified within
a period of two weeks, the Licensor shall at the earliest (during the said two weeks) notify the
Licensee about the time required to rectify the defects (hereinafter referred to as “extended time”).
If the said structural damages, defects or damage to the Licensed Premises (excepting Force
Majeure Event) including but not limited to electrical power at the main electricity board are not
caused by the reasons aforesaid, and is not carried out within a reasonable time by the Licensor,
the Licensee shall carry out the same at its own costs and adjust it against the Leave and License
Fee payable to the Licensor for the next month and the Licensor shall absolutely have no objection
to the same.

5.1.5 The Licensor shall arrange to provide tank for water storage with required plumbing as per
the design and specifications approved by the Licensee.

5.2 COVENANTS OF THE Licensee

The Licensee hereby covenants with the Licensor as follows:

5.2.1 The Licensee shall, during the continuance of this Agreement, pay to the Licensor, the Leave
and License fee on the Leave and License fee Payment Date, without any delay, protest or demur
whatsoever.

5.2.2 The Licensee shall reimburse any applicable GST on the Leave and License fee. If the
Licensor shall be required to pay the GST, the Licensor shall raise its Invoice in which it will show
the GST payable which the Licensee shall reimburse at actual.

5.2.3 The Licensee shall pay to the authorities concerned all charges, including any GST, for and
in connection with electricity consumed in or upon the Licensed Premises in the Property as shown
by the separate meter or meters thereof.

5.2.4 The Licensee shall use the Licensed Premises with due care and caution and shall keep and
maintain the same in good order and condition.

5.2.5 The Licensee shall keep the interior of the Licensed Premises in good and tenantable repair
and condition (reasonable wear and tear and damage by earthquake, tempest or other act of God or
inevitable accident or by irresistible force of nature always excepted).

5.2.6 The Licensee shall not carry on, nor permit to be carried on, any unlawful activities in the
Licensed Premises.

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5.2.7 The Licensee shall not store in or upon the Licensed Premises any goods of hazardous,
inflammable, combustible or explosive nature or any other goods not permitted by law.

ARTILE 6: TERMINATION OF LEASE

6.1 It is hereby agreed that the Licensee alone shall have the option to terminate this Agreement at
any time during the Leave and License Period by serving a prior written Leave and License
termination notice of 3 (Three) months to the Licensor to that effect.

6.2 Notwithstanding the provisions of Clause 6.1 above, if at any time during the Leave and
License Period, there is any material breach on the part of either of the party of any of its
obligations under this Agreement, which has been notified in writing to such party by the non-
defaulting party and such breach is not rectified within 3 months from the date of receipt of such
notice in writing of such breach then the non-defaulting party shall be entitled to terminate this
Agreement by giving a prior written notice of 3 (three) months to such defaulting party, as
provided herein, but without prejudice to any other legal right or remedy of such non-defaulting
party to recover damages in respect of such breach and termination. Upon such termination for
breach, No Leave and License fee shall be payable by the Licensee.

6.3 The Licensee shall be entitled to take away and remove all such equipment’s, loose furniture
and fittings, units, appliances, etc. that may have been installed by the Licensee in the Licensed
Premises. For the sake of clarity, the Parties provide that the Licensee shall not be obliged to re-
instate the Licensed Premises to its original condition.

ARTICLE 7: SIGNAGE:

The Licensee shall be entitled to affix its signage boards or logos only on the totem provided on
the ground floor. Any approval from the Builder or the society shall be arranged by the Licensor at
his cost. The Licensor shall ensure that the other occupants of the Building do not disturb or block
the visibility of all such signage.

ARTICLE 8: USAGE AND ACCESS:

8.1 The Licensor represents that the Licensed Premises is permitted only for commercial usage for
office purposes as per the applicable laws, rules and regulations. The Licensee will not use the
Licensed Premises for any other purpose, other than as specified herein.

8.2 The Licensee agrees that the Licensed Premises shall be used by the Licensee only for its own
office purposes, or its associates, subsidiaries, group companies, affiliates and transferees (whether
by way of a court approved scheme or otherwise) (hereinafter collectively referred to as ‘Permitted
Entities’). The Licensee undertakes that it shall not assign, transfer, lease, mortgage, sublet or
grant leave and license or transfer or part with or share the Premises or any part thereof in any
manner whatsoever , other than to Permitted Entities as specified above, without the prior written
consent of the Licensor.

8.3 The Licensee’s employee(s)/ staff, guests and visitors shall have unrestricted and uninterrupted
access to the Licensed Premises at any time of the day for all days in the week, and during the
subsistence of this Agreement. Further, the Licensee’s employee(s)/ staff, guests and visitors shall
have the right to use the common areas such as the entrance areas, staircases, corridors, lifts, etc.
leading to the Licensed Premises along with the other occupants of the main Building on all days
of the week and for all hours of the day during the subsistence of this Agreement subject to the
payment of Leave and License fee and other charges by Licensee as stipulated in this Agreement.

8.4 The Licensor shall permit the Licensee at the Licensee’s own cost, carry out, subject to
observance of all approved plans, local rules and regulations and without in any way making any

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structural construction and/ or damaging the structure of the Licensed Premises and/ or the
Property, the erection of temporary internal partitions and/ or other internal alterations and
additions as may be necessary for the business of Licensee. Further, the Licensee may lay down
cables, wires, etc. as may be required by the Licensee for its business purposes, subject to the
approved applicable rules and regulation.

8.5 The Licensee shall also at its own cost and expense be at liberty to paint the Licensed Premises
internally including finished flooring, furnishing, false ceiling and also to install in the Licensed
Premises any electric appliances, air conditioning supply and return air ducting, other fittings and
fixtures including wires, lighting fixtures, screens, racks, shelves or partitions, telephone lines,
communication and other equipment’s, cables, fixtures, fittings, lights, fans and such conveniences
reasonably required by it for or in connection with the proper and full use, occupation and
enjoyment of the Licensed Premises and same should not cause or amount to any damage or
structural change in the Licensed Premises. The Licensee shall be entitled at any time during the
continuation of this Agreement and upon its expiry or earlier revocation or termination to remove
at its cost and expense all or any of the foregoing without causing any damage to the Licensed
Premises and/ or the Property (normal wear and tear excepted).

8.6 The Licensee shall be entitled to apply and obtain at its own cost separate telephone lines,
leased lines and any other telecom infrastructure. The Licensee shall have the right to surrender the
separate telephone lines to the telephone company on or before the expiry of the Leave and
License Period. The Licensor shall give all the necessary no objection certificates and/ or consent
letters to enable the Licensee to obtain the separate telephone lines, leased lines and any other
telecom infrastructure.

8.7 The Licensee shall be entitled to engage at its own cost and expense, contractors, engineers,
maintenance staff, supervisors, employees, security guards, workmen etc. Such personnel shall be
entitled to have unhindered round the clock access to the Building including the Licensed
Premises, on all days (working or non-working) including national holidays;

8.8 The Licensee shall be entitled to set up and/ or engage services of outside parties at the
Licensed Premises for the purpose of the operations of its business.

8.9 Notwithstanding anything contained herein, the Licensee hereby agrees, undertakes and
covenants with the Licensor that the Licensee shall:

a) Not make any structural changes in the Licensed Premises which is/ are in violation of
sanctioned plans.

b) Not make any changes, alterations, additions, to the external façade of the said Building.

c) Not change, alter, and modify the walls and dado of the common areas of the said Building.

d) Not construct a loft and/ or mezzanine floor in the Licensed Premises notwithstanding any
permission, sanction or approval to the contrary.

e) Not change, alter, modify the flooring and cladding in the common area such as lobby, lift,
stairs etc;

f) Have the right to use the terrace for installation of any two telecommunication or related
equipment, with prior intimation to the Licensor comprised in the Licensed Premises without any
right and/ or authority to cover the same or to carry out any construction therein.

Page | 11
8.10 The Licensee shall upon vacating the Licensed Premises remove such fittings and fixtures
owned and installed by the Licensee (fit-outs) and hand over the Licensed Premises to the Licensor
in habitable condition (normal wear and tear excepted).

8.11 The Licensee shall attend to all day to day and minor repairs including fuses, electricity
wiring, fittings and fixture including leakage of water taps etc. at its own cost.

8.12 The Licensee shall abide by and perform all applicable rules and bye-laws applicable to the
use of the Licensed Premises.

8.13 The Licensor and its authorized representatives shall be entitled to enter the Licensed
Premises including the terrace(s) in the presence of an authorized officer of the Licensee for the
purpose of inspection and maintenance of the Property at any time during the subsistence of this
Agreement after giving a written notice of 2 days.

8.14 All costs relating to seeking statutory approvals for partitions and interiors, electrical work,
fire protection system etc will be payable by the Licensor.

ARTICLE 9: ELECTRICITY CONNECTION AND CHARGES

9.1 The Licensor shall arrange to provide adequate electricity load of such KVA as is mentioned in
Schedule 2 hereto in the Property at his cost. However, later on Licensor will arrange to enhance
the Electricity load up to such KVA, at its own cost, as may be required by Licensee or Electricity
board (Depending on the usage / requirement). The Licensor shall also provide space for Power
Generator without any additional charges thereof.

9.2 The Licensee shall, if required, carry out further distribution within the Licensed Premises at
its own cost subject to adherence of safety norms and industry standards.

9.3 The Licensee agrees to pay directly to the electricity supply company during the Leave and
License Period the actual charges for the electricity consumed in the Licensed Premises as per
meter readings of the separate electric meter provided for this purpose.

9.4 In case the Licensee desires to get additional load of electricity over and above 15 KVA for the
Licensed Premises, the Licensor shall do all the paperwork and get the same done at its own cost.

9.5 The Licensee undertakes to always keep the Licensor indemnified against any loss /
consequence arising on account of any nonpayment of the electricity charges during the tenure of
the Leave and License.

9.6 The Licensee further undertakes not to do any act or omit to do any act or thing which may
interrupt or disconnect the electricity of the Licensed Premises and/ or the other occupants in the
Property.

9.7 The Licensor shall solely be responsible for the payment of maintenance charges with regards
to the Licensed Premises and the Building.

ARTICLE 10: INSURANCE AND SAFETY

10.1 It is hereby agreed that the Licensor shall insure the exterior of the Building at its own cost
and expense with a reputed insurance company for any Force Majeure Event, for the cost of the
Building. The premiums and all costs of the said insurance shall be borne and paid solely by the
Licensor and a copy of the said policy shall be furnished to the Licensee including the renewal
policy copy as and when the renewal is due.

Page | 12
10.2 It is hereby agreed that the Licensee shall be responsible for the adequate insurance of the
interior/ fit outs in the Licensed Premises including furniture, fixtures and equipment owned by
Licensee and kept in the Licensed Premises. The insurance shall be taken and maintained by the
Licensee at its own cost and expense.

ARTICLE 11: PEACEFUL ENJOYMENT OF THE LICENSED PREMISES:

In consideration of the Leave and License fee and all payments as payable to the Licensor being
paid by the Licensee regularly and other terms and conditions and covenants as cast on the
Licensee being observed and performed by the Licensee, the Licensee shall have quiet and
peaceful occupation, and right to use and enjoy the Licensed Premises during the Leave and
License Period and the Licensor shall not do any act which may interrupt the use and enjoyment of
the Licensed Premises by the Licensee during the Leave and License Period in accordance with the
terms hereof.
ARTICLE 12: INDEMNIFICATION

12.1 The Licensee hereby unconditionally and irrevocably agrees to indemnify and keep always
indemnified the Licensor and save it harmless from and against any loss, harm and injury caused
to the Licensor on account of the default on the part of the Licensee for non-compliance and/ or
violation of any laws, regulations, guidelines, government regulation which are to be complied/
fulfilled by the Licensee.

12.2 The Licensor hereby unconditionally and irrevocably agrees to indemnify and keep always
indemnified the Licensee and save it harmless from and against any loss, harm and injury caused
to the Licensee (i) on account of the default on the part of the Licensor for non-compliance and/ or
violation of any laws, regulations, guidelines, government regulation which are to be complied/
fulfilled by the Licensee including its agents and representatives or (ii) for reason of any
representation made by the Licensor in this Agreement found to be incorrect or false in respect of
the Licensed Premises.

12.3 The Licensor shall also indemnify and keep the Licensee indemnified free from any harm
against all losses, expenditure, damages, cost and claims incurred or suffered by or made against
the Licensee by reasons of any lacunae in the Licensor’s title to the Licensed Premises. If any valid
objection is raised by any Third Party, against, the title of the Licensed Premises, the Licensee
shall have right to stop the payments under this Agreement until the Licensor has established its/
his title in a manner known to law. Such withholding of payments shall not amount to willful
default of payment of fees on the Licensee’s part and shall not be liable for termination of this
grant by the Licensor on such account. The Licensor shall transfer all deposit, fees and any other
payments paid by the Licensee to the rightful owner in the event of the Licensor failing to establish
its/ his title and the Licensee shall thereafter effect all payments under this Agreement to such
person other than the Licensor who has so established its/ his title.

ARTICLE 13: CHARGE ON PROPERTY

13.1 The Licensor shall be entitled to sell, mortgage, transfer, surrender or otherwise dispose of the
Licensed Premises or any part thereof to any person/ entity during the subsistence of this
Agreement or otherwise only with prior written consent of the Licensee and subject to the
following terms.

13.2 It is agreed that in the event the Licensor sells, mortgages, transfers, surrenders or otherwise
disposes off his/ its rights in the Licensed Premises and/ or the Property to any Third Party or
parties, the said sale and/ or transfer of such rights shall be subject to the rights of the Licensee as
stipulated herein. Further the Licensee shall be intimated of any such action taken by the Licensor
by giving 60 days advance notice in writing. Provided that in the event the Licensor sells the
Licensed Premises during the tenure of the Leave and License, the Licensor shall give the first

Page | 13
option to the Licensee to purchase the Licensed Premises by giving a prior written notice of 60
days to the Licensee. In the event, the Licensee opts not to buy the Licensed Premises; the
Licensor shall have the right to sell the Licensed Premises to any party subject to protection of the
Licensee’s rights as Licensee herein.

13.3 It is further, agreed between the Licensor and the Licensee that the sale/ Transfer/
Conveyance Deed/ Mortgage Deed, which may be executed in respect of the Licensed Premises in
favor of any Third Party, shall specifically contain a clause that the Licensee is occupying the
Licensed Premises by virtue of the present Leave and License Agreement and the said Third Party
(the intended transferee of the Licensed Premises) shall abide by the provisions of the present or
extended Leave and License Agreement. The Security Deposit paid by the Licensee in terms of
this Agreement shall be transferred to the such transferee and the transferee shall be liable to
refund the Security Deposit to the Licensee upon the same terms and conditions under this
Agreement.

13.4 The Licensor shall also arrange for a letter from the prospective purchaser or transferee issued
to the Licensee accepting the terms and conditions of the present agreement and transfer of
Security Deposit and the Licensor shall further ensure that the transferee enters into a Leave and
License agreement with the Licensee on the same terms and conditions mutatis mutandis for the
remaining unexpired Leave and License Period. The stamp duty and registration charges on this
new agreement shall be paid by the Licensor.

ARTICLE 14: DISPUTE RESOLUTION, JURISDICTION AND GOVERNING LAW

14.1 ARBITRATION: The Parties do hereby agree that any claim, controversy, or other dispute
between them relating to this Agreement or its interpretation will be submitted to arbitration in
accordance with the provisions of the Arbitration and Conciliation Act, 1996 (“Act”). The
arbitration hearings, proceedings and all meetings held pursuant to this clause shall be held in
Mumbai, India and shall be conducted in English. The arbitration shall be conducted by a single
arbitrator who shall be appointed/ nominated by the Licensee. The decision of the arbitrator shall
be final and binding upon both the Parties. The expenses of the arbitrator shall be shared equally
by the Parties, and each Party shall bear its own legal costs, unless the arbitrator determines in the
award that their expenses, and/ or the legal costs, shall be otherwise assessed.

14.2 LAWS AND JURISDICTION: The terms and conditions of this Agreement shall be governed
by the Indian laws and the Jurisdiction shall be of the Courts at Mumbai alone to the exclusion of
any other court.
ARTICLE 15: MISCELLANEOUS

15.1 LEGAL FORMALITIES: The Parties hereto shall bear their own costs and expenses for the
investigations, negotiations and examinations contemplated by this transaction, including
brokerage fees and costs of their respective accountants and attorneys or any other legal expenses.

15.2 FORCE MAJEURE:

a) It is hereby agreed that in the event the Licensed Premises or any part thereof be destroyed or
damaged for reasons beyond the control of Licensee owing to Force Majeure Events so as to
render the Licensed Premises unfit for the purpose for which the same was given on Leave and
License basis or if Licensee is prevented from using the same for a period of 90 (ninety) days or
more due to the above mentioned reasons then, Licensee shall, notwithstanding what is stated
anywhere else in this Agreement during which time the Leave and License fee or proportionate
part thereof shall remain suspended until the Licensed Premises is restored and reinstated and
made ready for use and occupation of the Licensee provided that if the Licensed Premises is not
restored and reinstated and made ready for use and occupation of the Licensee within 90 (ninety)
days, the Licensee shall have the option to terminate this Agreement. The Licensor shall thereupon

Page | 14
refund to Licensee the Security Deposit amount and all moneys after adjusting arrears of monthly
Leave and License fee and other charges as permitted under this Agreement.

b) If during the Leave and License Period, as a result of a Force Majeure Event, the Licensee is
unable to have access to the use of the Licensed Premises, the obligations of the Licensee to pay
the license fee to the Licensor under this Agreement shall be suspended, however if such Force
Majeure Events cease to operate during the Leave and License Period, then the obligation of the
Licensee shall come into operation immediately. If such an event as contemplated in this clause
persists for more than 30 days, this agreement may at the option of the Licensee be terminated at
the expiry of such 30 days and in which case all consequences of termination will follow.

c) In alternate, in such scenario wherein the Licensee or its employees are not able to occupy the
Licensed Premises for more than 30 days, the Licensor at the request of the Licensee shall reduce
the monthly license fee by 50 % of the license fee prevailing at that point of time and the Licensee
shall continue to pay the license fee at the discounted rate till the Licensee is able to resume
occupation in the Licensed Premises.

d) Upon such termination occurring on account of provision of the clause 15.2 d) then the Licensor
shall, on such termination refund the Security Deposit to the Licensee and till such time the
Security Deposit is refunded the Licensee will be entitled to occupy the Licensed Premises without
being liable to pay any amounts and such occupation will be physical or constructive as the case
may be and the Licensor shall be disentitled to seek possession of the same form the Licensee.
This is without prejudice to the rights of the Licensee in law to recover the Security Deposit

15.3 WAIVER: It is hereby agreed that failure of either Party to enforce at any time or for any
period of time the terms and conditions contained herein shall not be construed to be waiver of any
of the terms and conditions or of the right thereafter to enforce each and every term and condition
of this Agreement.

15.4 ENTIRE AGREEMENT: This Agreement shall from the date of signature thereof, operate in
substitution of all terms, conditions, understandings previously agreed to or in force between the
Licensor and Licensee (which shall be deemed to have been terminated by mutual consent as from
the said date of signature) but without prejudice to the rights, liabilities and obligations (if any) of
either Party accrued prior to that date.

15.5 SEVERABILITY: If any term or provision of this Agreement shall be held to be illegal or
unenforceable, in whole or in part, under any enactment or rule of law, such term or provision or
part thereof shall, to that extent, be deemed not to form part of this Agreement but the validity and
enforceability of the remainder of this Agreement shall not be affected.

15.6 NOTICE: Any notices or other communications required or permitted in terms of these
presents shall be deemed to have been duly served (a) if delivered in person; or (b) if sent by
registered or certified mail, return receipt requested, or if sent to such substituted address as any of
the Parties has given to the others in writing in accordance with this Article.

15.7 HEADINGS: The headings in this Agreement have been included solely for ease of reference
and shall not be considered in the interpretation or constructions of this Agreement.

15.8 SCHEDULES: The Schedules to this Agreement are part and parcel of this Agreement and
shall be considered and read as such. Expressly clarified, that any breach of the terms and
conditions of the schedules would amount to breach of this agreement.

15.9 SUCCESSORS AND ASSIGNS; ASSIGNMENT: The Leave and License hereby granted is
for the benefit of the Parties hereto and is not assignable or transferable to any other person
without prior consent of the Licensor.

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15.10 MODIFICATIONS: The terms of this Agreement shall not be altered or added to and nor
shall anything be omitted there from except by means of a Supplementary Agreement in writing
duly signed by the Parties hereto.

15.11 ORIGINAL LEASE AGREEMENT: It has been agreed between the Licensor and the
Licensee that the original Leave and License Agreement shall be kept with the Licensee, who shall
be liable to produce the same on request by the Licensor. A duly notarized copy thereof shall be
provided to the Licensor. The stamp duty and registration charges on this Agreement shall be
initially paid by the Licensor and 50% of the same shall be reimbursed by the Licensee.

15.12 CIVIL WORK:

a) The Licensor shall provide to the Licensee a fully furnished Licensed Premises, at its own cost.
Licensor shall carry out the furnishing as per layout and specification provided by the Licensee.
The Licensor shall in addition to the fully furnished Licensed Premises, provide civil work as
specified in Schedule 3 hereto.

b) In the event the Licensor fails to complete the civil work within the scope as specified in
Schedule 3 hereto, then the Licensee shall be permitted to complete the aforesaid civil works and
the Licensor agrees to reimburse the said expenditure so incurred by the Licensee and for the same
purpose, the Licensor hereby expressly authorises the Licensee to adjust the said expenditure from
the Leave and License fee payable to the Licensor under this agreement.

c) In case such civil work is not completed and/ or it creates a hindrance in receiving possession of
the Licensed Premises, commencement, continuation, operation and conducting the banking
business and/ or any loss or damage is suffered by the Licensee and/ or its customers during the
course of such work, the Licensee shall be entitled to waive the payment of Leave and License fee
until such time the work is completed to the satisfaction of the Licensee.

d) In the event of any leakages/ seepages in the Licensed Premises, the Licensor undertakes and
agrees to rectify the same at its own cost within 15 (fifteen) days from the date of notice to the
Licensor. Any delay/ refusal/ failure/ defective work on the part of the Licensor or its contractor/
agency to rectify the defect, will enable the Licensee to have the defect rectified by engagement of
services of an external agency/ third party and the Licensor agrees to reimburse the cost incurred
by the Licensee (or) in the alternative, the Licensee shall be entitled to deduct such cost from the
Leave and License fee payable to the Licensor.

IN WITNESS WHEREOF, EACH OF THE PARTIES HERETO HAVE CAUSED THIS

AGREEMENT TO BE EXECUTED AS OF THE DATE FIRST WRITTEN ABOVE:
SIGNED AND DELIVERED by the SIGNED AND DELIVERED by the within
within named Licensor: named Licensee: “TATA Motors Finance
Limited” through its authorized signatory:
1) Mr. Royden Savio D'Souza
2) Mrs. Beverly Karen D'Souza
Signature: Signature:
1)

2)
Witness 1: Witness 1:

Witness 2: Witness 2:

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 SCHEDULE 1
AGREEMENT AND LEASE DETAILS:

Place of the Agreement Panjim-Goa

Date of the Agreement
Name of the Licensor
Address of the Licensor
Constitution of the Licensor
PAN Details of the Licensor
Leave and License Period
Leave and License Fee
Leave and License Fee
Payment Date
Leave and License fee
payable to:
1) Mr. Royden Savio D'Souza 2) Mrs. Beverly Karen D'Souza
4B, S1-S2, Model Legacy, New Taleigao Road, Ilhas, Goa-403002
Panjim-Goa
1) ABVPD4188Q 2) AKXPD6426C
Eleven Months
Commencement date Expiry Date
15-01-2022 14-12-2022
License fee (Rs.)
Payee Name: Mrs. Beverly Karen
D'Souza
From To
15-01-2022 14-12-2022 61000/-
The Leave and License fee and the Maintenance Charges shall be
exclusive of all applicable GST and/or such other indirect taxes and
cesses, if any, as per legislations in force in India, read together with
the rules, regulations, and amendments, including any notification
and/or amendments, pursuant thereto, from time to time.
10th day of every month
The monthly Leave and License fee payable for the Licensed
Premises shall be paid by the Licensee by RTGS. Any changes to
the above notice details shall be notified in writing

IN WITNESS WHEREOF, EACH OF THE PARTIES HERETO HAVE CAUSED THIS

AGREEMENT TO BE EXECUTED AS OF THE DATE FIRST WRITTEN ABOVE:
SIGNED AND DELIVERED by the SIGNED AND DELIVERED by the within
within named Licensor: named Licensee: “TATA Motors Finance
Limited” through its authorized signatory:
1) Mr. Royden Savio D'Souza
2) Mrs. Beverly Karen D'Souza
Signature: Signature:
1)

2)
Witness 1: Witness 1:

Witness 2: Witness 2:

Page | 17

DETAILS OF LICENSED PREMISES
Development Authority
Name:
Complete Details and
Address of the Licensed
Premises:
Licensed Premises Area (In
Sq.ft.)
Building name which the
Licensed Premises is
situated:
Security Deposit:
Parking:
Signage Space:
Electricity Load KVA:
IN WITNESS WHEREOF, EACH OF THE PARTIES HERETO HAVE CAUSED THIS
AGREEMENT TO BE EXECUTED AS OF THE DATE FIRST WRITTEN ABOVE:
SIGNED AND DELIVERED by the SIGNED AND DELIVERED by the within
within named Licensor:
1) Mr. Royden Savio D'Souza
2) Mrs. Beverly Karen D'Souza
Signature:
1)
2)
Witness 1:
Witness 2:
SCHEDULE 2
Municipal corporation of Panjim
Unit No-110, 1st Floor, Gera Imperium-II, Panjim-403001, Goa.
704 (Carpet)
Gera Imperium-II
Refundable interest free security deposit of Rs. 2,94,000/- (Rupees
Two Lac Ninety Four Thousand Only) is available with both
Licensors equally as per old agreement.
The Licensee and its staff members are entitled to use common
parking space for Two Wheeler of the Building jointly with other
holders – occupiers of the said building on “first come first serve”
basis”.
In the event any additional space is required for the Licensee’s
visitors by the Licensee for two-wheeler or 4-wheeler parking, the
Licensee shall be entitled to use the ‘Visitor-Parking’ space jointly
with other holders – occupiers of the said building on a first-come-
first-serve basis.
The Licensee shall be entitled to affix its signage boards or logos
only on the totem provided on the ground floor. Any approval from
the Builder or society shall be arranged by the Licensor at the cost
of Licensee. The Licensor shall ensure that the other occupants of
the Building do not disturb or block the visibility of all such
signage.
20 KVA
named Licensee: “TATA Motors Finance
Limited” through its authorized signatory:
Signature:
Witness 1:
Witness 2:
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 SCHEDULE 2 A

RECEIPT OF THE SECURITY DEPOSIT:

RECEIPT of a sum of Rs. 2,94,000/- (Rupees Two Lac Ninety Four Thousand Only) being the
refundable security deposit in accordance with the terms and conditions of the Leave and License
Agreement dated __________

Received Rs. 2,94,000/- (Rupees Two Lac Ninety Four Thousand Only) on __ (day) of ________
(month) _______ (year)

(________________)
Licensor

IN WITNESS WHEREOF, EACH OF THE PARTIES HERETO HAVE CAUSED THIS

AGREEMENT TO BE EXECUTED AS OF THE DATE FIRST WRITTEN ABOVE:
SIGNED AND DELIVERED by the SIGNED AND DELIVERED by the within
within named Licensor: named Licensee: “TATA Motors Finance
Limited” through its authorized signatory:
1) Mr. Royden Savio D'Souza
2) Mrs. Beverly Karen D'Souza
Signature: Signature:
1)

2)
Witness 1: Witness 1:

Witness 2: Witness 2:

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