LEASE DEED This lease deed (Lease Deed) is executed at 32™! Avenue on this (Execution Date) BETWEEN (1) M/s, Apra Motels, a partnership firm registered under the Partnership Act,1932 and having its tered office at, Pratap Bhawan, 5-B, Bahadur Shah Zafar Marg, New Delhi- 110008, (PAN signatory/partner, Mr. Anubhav Sharma and s. Mamta Sharma (the Lessor, which expression, unless repugnant to the context, shall mean and include his heirs, successors, administrators, executors, attorneys and assigns ete.); AND @) M/s. Growth Hospitality LLP incorporated under Limited Liability Partnership Act, 2008 and having its registered office at, U25/19, Ist Floor, DLF City Phase 3, Gurgaon, Haryana, 122001, through its authorised signatory, Dhruv Dutt Sharma and Shirin Sharma (the Lessee, which expression, unless repugnant to the context, shall mean and include its affiliates, subsidiaries, group companies, successors, assigns, etc.) Hereinafter the Lessor and the L Parties. see are individually referred to s Party and collectively as the WHEREAS: (A) Haryana- 122001, more particularly described in Schedule 1 hereto (Demised Premises) ze that the Demised Premises is lying vacant and is in (B) The Lessor hereby represents to the Les: a good and tenantable condition. (C) The Lessee has approached the Lessor to take on lease the Demised Premis: based on the mutual representations, warranties, statements, assurances, agreements, undertakings, indemnities and covenants contained in this Lease Deed, has decided to hereby grant on lease the Demised Premises on the terms and conditions contained in this Lease Deed. NOW IT IS HEREBY AGREED BY AND BETWEEN THE PARTIES AS FOLLOWS: 1. DEFINITIONS In this Lease Deed, unless the context otherwise requires, the following words and expressions when used herein in capitalized form have the following meanings: et out in Clause 5.6; Alterations shall have the meaning statutes, enactments, acts of legislature or parliament, regulations, notifications, guidelines, policies, directions, directives and orders of any Governmental Authority, statutory authority, tribunal, board or court;Approvals shall mean any permission, no objection, approval, consent, license, permit, order, decree, authorization, registration, filing, notification, exemption or ruling to or from or with any Governmental Authority; Cure Period shall have the meaning as set out in Clause 8.2; Demand Notice shall have the meaning as set out in Clause 8.2: Demised Premises shall have the meaning as set out in Recital A read with the Schedule 1; Execution Date means the date of execution of this Lease Deed as provided in the beginning Force Majeure means fire, food, earthquake, diseases, epidemic, elements of nature or acts of God, acts of war, terrorism, riots, rebellions or revolutions, landslides, act beyond the control of either Party: Governmental Authority shall mean any government, any state or other political subdivision thereof, any entity exercising executive, legislative. judicial to the department, board, commission or instrumentality of India and/or any jurisdiction in which the latory or administrative pvernment, or any other government authority, a functions of or pertainin; eney Lessor and. [esse conducts business, or any political subdivision thereof and any court, tribunal or arbitrator(s) of competent jurisd organisation, agency or authority, having jurisdiction pursuant to Applicable Law: tion, and. any governmental self-regulatory Handover Date shall have the meaning as set out in Clause 2.3 demni ied Party shall have the meaning as set out in Clause 11 Lease shall have the meaning ascribed to it in Clause Lease Commencement Date shall have the meaning ascribed to it in Clause 3.1 Lease Deed means this lease deed together with the Sehedule(s) and Annexure(s) attached hereto and includes all modifications, alterations, additions or deletions thereto, made in writing, or incorporated herein by reference, with the mutual consent of the Parties; Lessee’s Lock. 2: n shall have the meaning ascribed to it in Clause 3 Lessor's Lock-in shall have the meaning ascribed to it in Clause 3.3. Major Casualty means the destruction of or damage to all or any part of the Demised Premises afier the Lease Commencement Date, as a result of which the Demised Premises cannot be rebuilt or repaired or is rendered unusable for the Lessee: Lease Rent Due Date shall have the meani ascribed to it in Clause 4.2: Offer Notice shall have the meanin; ascribed to it in Clause 6.1; Person means any individual, entity. joint venture. company (including a limited liability company). corporation, partnership (whether limited or unlimited), proprietorship. trust or other enterprise (whether incorporated or not), Hindu undivided family. union, association or governmental authority, and shall include their respective successors and. in ease of an individual shall include his/her legal representatives, administrators, executors and heirs and in case of a (ust shall include the trustee or the trustees from time to time:Lease Rent shall have the meaning ascribed to it in Clause 4.1 TDS shall have the meaning ascribed to it in Clause 7.1 Tenant shall in respect of the Demised Premises, means the sub-lessee, licensee or other tenant by whatever name called which tenaney has been procured by the Lessee or already exists as of the date of this Lease Deed and the capitalised term Tenaney shall be construed accordingly and Term shall have the meaning aseribed to it in Clause Interpretation Unless the contest of this Lease Deed otherwise requires (@) words using the singular or plural number shall also include the plural or singular humber respectively: (b) words of any gender are deemed to include those of the other gender (©) the terms “hereo?’, ‘herein’, 'hereby’. ‘hereto’ and derivative or similar words refer to this entire Lease Deed or specified Clauses of this Lease Deed, as the case maty be: (1) the term ‘Clause’ refers to the specified clause of this Lease Deed and the term ‘Recital’ refers to the specified recital of this Lease Deed: (©) heading and bold typeface are only for convenience and shall be ignored tor the purposes of interpretation (references to any legislation or law or to any provision thereof shall include references to any such legislation or law as it may, after the date of this Lease Deed, trom time to time, be amended, supplemented or re-cnacted, and any reference 10 a statutory ne under that provision shall include any subordinate legislation made from time to provision: (2) time is of the essence in the performance of the Parties’ respective obligations. If any time period specified herein is extended in writing by the Parties, such extended time shall also be of the essence: and (1) Rs. or INR means the lawful currency of the Republic of India. GRANT OF LEASE In consideration of the Lease Rent agreed and payable by the Lessee under this Lease Deed, the Lessor hereby grants and demises by way of lease to the Lessee, the Demised Premises, during the Term with effect from the Lease Commencement Date (Lease) The Lessee shall have the right to under-lease, sub-lease, livense, rent, tenant and/or otherwise create third party interest in the Demised Premises or any part thereof in favour of any Person(s) upy and enjoy the Demised Premises as from the Lessor. Further to the same. it is and to allow such Person(s) the right to use, o cfivetively as itself and without any interterenc clarified that the Lessee shall have the right to: w create Penancies in the Demised Premises and other charges against the Tenancywe Gi) collect security deposits and lease rents/license fees and other charges from its ants and enforcing the terms of the Tenaney, as and when necessary Gii) appear before competent authorities to obtain any Approvals to use and enjoy the Demised Premises or enable the use and enjoyment of the Demised Premises for its Fenants: and Gv) apply for and obtain connections for utilities and related services for the Demised Premises, Phe Lessor shall hand over the peaceful possession of the Demised Premises to the Lessee on or before [5th January, 2021 (Handover Date) in a condition satisfactory to the Lessee. TERM AND LOCK-IN The Lease shall commence from the Handover Date or such other date as mutually agreed to in writing by the Parties (Lease Commencement Date) and shall remain valid for a term of 30 (thirty) years from the Lease Commencement Date, unless extended by mutual consent between the Lessee and the Lessor (Term), The Lessce will not be entitled to terminate this Lease Deed (Lessee's Lock-in) prior to the expiry of 6 (six) years fiom the Lease Commencement Date except as permitted under Clause 9 Permination and Consequences of Termination) The Lessor will not be entitled to terminate this Lease Deed (Lessor's Lock-in) during the Term except as permitted under Clause 9 (Termination and Consequences of Termination) In case the Lessee terminates the lease prior to the expiry of the lock-in period, the Lessee will be liable to pay the rent of the remaining months of the lock-in period to the lessor LEASE RENT The lease rent shall be an amount as provided in Annexure | of this Lease Deed (Lease Rent) With effect from the Lease Commencement Date and subject to Clause 8 (Faves and Levies), the Lessee shall pay to the Lessor the Lease Rent for each month on or before the 15th of the succeeding calendar month (Lease Rent Due Date). All Lease Rent payments shall be made into the Lessor's designated bank account. RIGHTS OF THE LESSEE nts, contractors, staff, guests and invitees shall at all n, have the right of exclusive enjoyment, use and occupation of the The Lessee, its directors, employees, times during the ‘Tei Demised Premises, including usage of parking space area, common areas, passages, lobbies, lifts, balconies, driveways, entry, exits and signages without hindrance or obstruction and at no extra cha The Lessee shall have the right to assign, sell, or otherwise transfer its leasehold interest in the Demised Premises to any third party without interference of the Lessor The Lessee shall have the complete autonomy and freedom in choosin De to third-parties that offer the higher lease rent or license Fenants for the mised Premises and the Lessee shall be under no obligation to offer the Demised Premises The Lessee shall have the right to make structural modifications without damaging the beams and pillars on the Demised Premises without any interference from the | essor5.5 5.6 61 The Lessee shall be entitled to obtain at its own expense all Approvals required for carrying on commercial operations in the Demised Premises. ‘The Lessor shall provide such reasonable support and cooperation and execute requisite authorities, as may be necessary to enable the Lessee to obtain such Approvals. The Lessee, at its own cost and expense, shall be permitted to make any alterations, repairs, renovations or refurbishments in the Demised Premises including combining the Demised Premises with adjacent units (Alterations), provided that such Alterations do not damage the roof, foundation or the structural soundness of the exterior walls of the Demised Premises, without prior intimation or seeking prior approval from the Lessor LESSEE'S RIGHT OF NOTIFICATION In the event the Lessor proposes to the sell or otherwise transfer the Demised Premises to a third-party. then the Lessor shall give the Lessee a notice in writing identifying the potential purchaser and the proposed sale consideration along with any other terms and conditions of the proposed transter (Offer Notice) TAXES AND L VIES All payments towards Lease Rent shall be exclusive of taxes and shall be made subject to deduction of tax at Source (TDS) as per the provisions of the Income Tax Act, 1961. The Lessee shall, within the time prescribed under the Income Tax Act, 1961 provide the Lessor the relevant TDS certificates. The Lessee shall hand over to the Lessor, the TDS certifi respect of the TDS deducted immediately prior to the expiry or earlier termination of the Lease. and no later than the date of expiry or earlier termination (as the case may be) of this Lease Deed ates in, The Lessor ees that it will be liable to pay all current and future property tax and any future taxes and cesses and levies with respect to the Demised Premises and land assessment tax with respect to the said land on which the said Demised Premises is constructed, and shall keep the Lessee fully indemnified inst any loss or damage resulting from non-payment of any such taxes and cesses and levies. RMINA JON AND CONSEQUENCES OF TERMINATION Termination by the Lessee Notwithstanding anything contained in this Lease Deed, the Lessee shall be entitled to terminate this Lease Deed at any time during the Term: (@) in the event ofa Poree Majeure event subject to compliance with Clause 18 (b) the event of a Major Casualty in accordance with Clause 13.1 (©) without assigning any reasons for such termination, after giving the Lessor 3 (Phree) month's prior written notice (after the lock-in period): or (inthe event any proceeding for liquidation, windi against the Lessor 1p or insolveney has been initiatedol Termination by the Lessor Subject to there being no dispute between the Parties as to the amount of Lease Rent or any other charges payable by the Lessee to the Lessor in terms of this Lease Deed, if the Lessee fails to pay the arrears in Lease Rent for 2 (two) consecutive calendar months, the Lessor shall be entitled to send a notice to the Lessee demanding the I essee to pay the arrears of the Lease Rent (Demand Notice) within 30 days (Cure Period) of receipt of the Demand Notice by the Lessee. Phe Lessor shall be entitled to terminate this Lease Deed if the Lessee fails to pay the arrears of Lease Rent prior to the expiry of the Cure Period Upon the expiry of the Term or the earlier termination of the Lease in accordance with this, Lease Deed, as the case may be, the Lessee shall hand over physical vacant possession of the Demised Premises (normal wear and tear excepted) to the Lessor. Provided that, no such termination will relieve any Party from any liability arising from any breach of the Lease Deed occurring prior ( termination REPRESENTATIONS, WARRANTIES AND COVENANTS OF THE LESSOR AND THE LESSEE The Lessor hereby represents, warrants and/or covenants to the Lessee as follows @ The Lessor is duly incorporated and validly existing under the laws of India and has all necessary power, authority and capacity to enter into this Lease Deed and perform the transactions contemplated herein (by The Lessor is the sole and absolute owner of the Demised Premises free and clear of to grant a lease of the Demised Premises to the Lessee for its exclusive use in accordance with all encumbrances and has the full power and absolute right and authori the terms of this Lease Deed. No Person apart from the Lessor has any right, title or interest in the Demised Premises. © The Lessor confirms that he shall hand over quiet, vacant and exclusive possession of the Demised Premises to the Lessee on the Handover Date on the terms and conditions contained herein. (@) The Lessor represents and warrants that there are no suits, proceedings, notices for requisition, litigation, claims or other actions of a similar nature pending or threatened against the Lessor in relation to the Demised Premises that would adversely affect the Lessce's rights under this Lease Deed. © The Lessor represents and warrants that there exists no charge, encumbran impediment or restraint or injunction against the Lessor in respect of the Demised Premises which would in any way affect the Lessee's rights under this Lease Deed. oO The Lessor represents and warrants that ay of the Pxecution Date and on the Handover Date, the Lessor has paid all taxes. fees and charges including property tax and any other applicable tax for the Demised Premises. The Lessee hereby agrees, undertakes and covenants to the Lessor ats follows: @ The Lessee is duly incorporated and validly existing under the Jaws of India and has all necessary power, authority and capacity 0 enter into this Lease Deed and perform the transactions contemplated herein. 610. 13. INDEMNI Y The Lessor hereby irrevocably undertakes to indemnity the Lessee, its directors, employees, officers, agents, consultants, staff, guests and invitees (Indemnified Party) from and against all past, present and future actions, proceedings, suits, claims, demands, losses, damages, costs, charges and expenses of any nature whatsoever, caused or incurred or suffered by the Indemnitied Party due to: (a) any breach or default by the Lessor of any representations, warranties and/ or covenants; and/or (b) any fraud or wilfial misrepresentation by the Lessor LIMITATION OF LIABILITY Nonwithstanding anything contained in this Lease Deed, the Lessor agrees and undertakes that under no circumstances shall the liability (including any liability avisi consequential, incidental, punitive or indirect damages) of the Lessee (including its atTiliates, directors, employees, officers, consultants, attorneys, staff, agents, invitees and guests), under or pursuant to of in connection with this Lease Deed, either directly or indirectly, exceed the amounts aggregating to the last 4 (four) calendar months’ Lease Rent paid by the Lessee. ‘on account of special, DESTRUCTION OF DEMISED PREMI ES Major Casualty Ifa Major Casualty occurs, which is not due to the act or negligence of the Lessee and/or anyone acting under or on behalf of the Lessee, the Lessee may, at its sole option, elect to terminate the Lease. If the Lessee does not elect to terminate the Lease, the Lessor will commence reconstruction or repair and diligently pursue the same towards completion Reconstruction or Rep In the event of the Lessee not electing to terminate the Lease on the occurrence of a Major Casualty, which is not due to the act or negligence of the Lessee or anyone under or on behalf of the Lessee, the Lessor shall bear all costs towards the reconstruction or repair of the Demised Premises to substantially the same condition which existed immediately prior to the occurrence of the Major Casualty. The Lessor shall use its best efforts to provide alternate premises to the Lessee during the course of such reconstruction or repair Lease Rent Abatement During any period of reconstruction or repair by the Lessor after a Major Casualty has occurred, the Lease Rent payable by the Lessce shall abate in proportion (o that portion of the Demised Premises that sustained damage or is unusable or unoccupied by the Lessee, beginning on the date of the Major Casualty and continuing until the reconstruction or repair is completed by the Lessor STAMP DUTY AND REG! RATION COSTS Phe cost of stamp duty and registration fees in connection with the execution of this Lease Deed shall be split equally by the Lessee and the Lessor. The original Lease Deed when executed shall remain in the possession of the Lessee, and the Lessor shall retain counterparts thereof. The Parties further agree that the Lessor shall provide all reasonable support and assistance by14. 16. providing necessary supporting documents and verifications necessary for the Lessee to arrange for and complete the registration of this Lease Deed TRANSFER OF THE DEMISED PREMISES The Lessor’s right to alienate, sell or otherwise transter the Demised Premises shall at all times be subject to the terms contained in Clause 6 /Lessce's Right of Notification). Further, the Lessor shall not be entitled to transfer the Demised Premises in parts and may only sell or transfer the Demised Premises as one unit Any sale or transter of the Demised Premises to a third party shall continue to entitle the Lessee to use the Demised Premises on the same terms and conditions as are contained herein, The Lessor shall cause the prospective purchaser(s) (0 enter into a letter of attornment and such other documents as may be necessary confirming that the terms contained in this Lease Dei shall remain binding upon the prospective purchaser of the Demised Premises. JURISDICTION AND GOVERNING LAW This Lease Deed shall be governed and construed in accordance with the laws of the Republic of Indi: matters arising out of this Lease Deed. The courts at Gurugram, Haryana shall have exclusive jurisdiction in respect of all DISPUTE RESOLUTION Any and all disputes, controversies and conflicts arising out of this Lease Deed between the Parties or arising out of or relating to or in connection with this Lease Deed or the performance tions set forth herein or the breach, termination. or non-pertormance of the rights and oblig invalidity or interpretation thereof shall be settled by courts at Gurugram, Haryana having jurisdiction to decide such matters. Pending the settlement of such dispute and thereafter, till the appropriate court renders its decision and subject to any appeal therefrom, the Parties shall. except in the event of termination of this Lease D ed of in pursuance of any interim order, continue to perform their obligations under this Lease Deed FORCE MAJEURE, If the performance by a Party of any obligation under this Lease Deed at any time after the Lease Commencement Date is prevented or restricted or interfered with on account of occurrence ofa Foree Majeure event, then the Party so affected shall, upon giving prior written notice to the other Party, be excused from such performance to the extent that such cause prevents, restricts or interferes with such performance: provided that it shall use its best efforts to avoid or remove such causes of non-performance and shall continue performance hereunder with the utmost efforts whenever Such causes are removed If the Lessee or any of its Tenants are unable to access the Demised Premises on account the occurrence of a Force Majeure Event for a period of 14 (Fourteen) days, then the Lessee shall not be liable for payment of Lease Rent or any other charges until such Force Majeure event continues. The Lessee shall have the right but not the obligation to terminate this Lease Deed if the said Force Majeure event continues for a period of [80 (One Hundred Bighty) days. In the event of any delay caused in the performance of any obligation hereunder on account of the occurrence of a Force Majeure event, the timeline relevant to the performance of such obligation shall be calculated such that the period durin shall not be taken into account, The existence and/or removal of a Foree Majeure event will be which the Force Majeure event existed18. 18.1 19, 20. 20.2 calculated with reference to the time period during which non-performing Party claims to have been adversely affected in terms of Clause 18.1 Durin occurred. the Lease Rent payable by the Lessee Shall abate in proportion to that portion of the iny period of reconstruction or repair by the Lessor after a Fore Majeure event has Demised Premises that sustained damage or is unusable or unoccupied by the Lessee, beginnil on the date of the Force Majeure event and continuing until the reconstruction or repair is completed by the Lessor NOTICES Notices. demands or other communication required or permitted to be given or made under this Lease Deed shall be deemed to have been validly given if they are in writing and delivered personally or sent by prepaid post with recorded delivery, or by telex or legible telefax or email addressed to the intended recipient, at its address set forth below. or to such other address or telex or telefax number as each Party may from time to time duly notify to the other Party To the Lessor Aun. Anubhav Sharma Address 5, Bahadur Shah, Zafar Marg, New Delhi Delhi 110002 Email contact@)32ndmilestone.com To the Lessee: Attn, Pulkit Gupta Address: 32 Avenue. Sector 15, Gurgaon, Haryana. 122001 Email pulkit@ milestone. ventures Any such notice, demand or communication shall, unless the contrary is proved, be deemed have been duly served at the time of delivery in the case of service by delivery in person or by post, and at the time of dispatch in the case of service by telex or telefax or email INSURANCE The Lessor shall fully insure and keep insured the Demised Premises throughout the Term against all insurable losses including fire and special peril policy and policy against third party liability at its own cost, All interiors included but not limited to furniture, kitchen equipment ete, will be the scope of the Lessee. MISCE ANEOUS, Inu ment usion, Trespass or Encro: Ifany Person causes any intrusion, trespass or encroachment restricting the peaceful enjoyment of the Demised Premises in terms of this Lease Deed, the Lessee shall be entitled to take all possible legal action against such violations including criminal action, if necessary Knowledge or Acquiescence squiescence by a Party hereto, of a breach of any of the terms, conditions or covenants herein contained shall not operate as or be deemed to be a waiver of such terms, conditions or covenants. Notwithstanding such knowledge or acquiescence, each Party hereto shall be entitled to exercise their respective rights under this Lease Deed, to act and to require strict performance by the other of the terms, conditions and covenants herein °20.3 20.4 20.5 20.6 20.7 20.8 Amendments Neither this Lease Deed nor any of the terms hereof may be amended or changed unless such amendment or change is in writing and is signed by each of the Parties or their duly authorised representatives. Severability Any term, condition, stipulation, provision, covenant or undertaking in this Lease Deed which extent of such illegality bility. without invalidating the remaining provisions hereof, and any is illegal, void, prohibited or unenforceable, shall be ineffective to the prohibition or unentorcea such illegality, prohibition or unenforceability shall not invalidate or render illegal, void or able contained, If any illegal, void, prohibited or unenforceable term, condition, unentore ny other term, conditions, stipulation, provision, covenant or undertaking herein Stipulation, al if some part oF it were: would be valid, enforceable or | provision, covenant or undertakin deleted or modi ed. the provision shall apply with whatever modification is necessary to give efivet the commercial intention of the Parties, Counterp: s This Lease Deed may be executed in counterparts as mutually agreed by the Parties, cach of which will be deemed an original, but all of which together will constitute one and the same instrument, Delivery of executed signature pages by facsimile transmission or email will constitute effective and binding execution and delivery of this Lease Deed. The original stamped and registered version of this Lease Deed shall be retained by the Lessee. Co-operation and Fu The Lessor agrees and undertakes to extend all cooperation requested by the Lessee in connection with the Demised Premises and its intended use by the Lessee, including but not limited to executing and performing all such deeds, documents, assurances, acts and thin to exercise all powers and rights available to it allowing/arranging for prompt access th the Lessee, its directors, employees, representatives, advisors, agents, consultants, invitees guests, ete: arranging meetings between the consultants, advisors, agents, staff or representatives of the Lessee with the architect, and/or other consultants of the Lessor Rights of the Parties The rights of each Party under this Lease Deed (a) may be exereised as often as necessary (b) except as otherwise expressly provided in this Lease Deed, are cumulative and not exclusive of rights and remedies provided by Applicable Law; and (©) may be waived only in writing and specifically Delay in exereisin ht is not a waiver of that r or non-exercise OF any such rig Good Faith Phe Part 2 that this Lease Deed has been entered into in good faith and cach Party shall at all times act in good faith towards cach other and shall comply with all its obligations under this Lease Deed and shall refrain from any act which could damage any lawful rights and interests of the other Party 1020.9 No Agency Fach Party to this Lease Deed is an independent contraeting party and nothing contained in this Lease Deed shall be construed to be inconsistent with this relationship ot status. None of the Parties owe a fiduciary duty to the other Party. Nothing in this Lease Deed shall be deemed to constitute a partnership between the Parties or constitute any Party as the agent, employee or representative of the other PartySCHEDULE 1 DESCRIPTION OF DEMISED PREMISES 11361.65 Sqft GROUND FLOORGROUND FLOORCOMMERCIAL TERMS & CONDITIONS FORMING IN ANNEXURE 1 AL PART OF THE 1. EM DESCRI TION Demiised Premises. Building Name Unit’ Shop bearing Number(s) Floor 32" Milestone 32" Avenue NII-8 Sector 15 Part 2 Gurgaon Haryana 122001 Ground Floor High 1 ine Super Area of he Demised Premises Super Area: 11,361.65 Sq. fi. (Approx. 2 Covered Area: 4,544.66 Sq. ft, (Approx. 3 Brand Name/Company | Growth Hospitality LEP Name 4 Tease Commencement | 15" January, 2021 Date Fit-out period Total Ficout not execeding three Months post Tease commencement date Ventative Possession diate — 15! January. 2021 5 Tease Term Thirty (30) Years from the T case Commencement Date, 6 Date of Possession TS" January, 2021 7 Charges payable by ‘Nctual cost of electricity, water and other expenses, THE LESSEE durin the interior Hit-out works (payable till the Lease Commencement Date) 5 Monthly Rent INR 320 per sq. Tt o Tease Renewal Term(s andTseatitions) > | erm: 30 years Escalation: 10% after every 3 years on last paid rent i.e. on INR. 320 per sq. fl. on super area. To. Taunch Marken NA Expense 1 Marketing Fund NA (Payable Quarterly in Advance) Interest Fre Refundable Security Deposit UERSD) 13 Maintenance Charees [Ax per CAM Agreement 4 Interest Pree INR 15,90,361 Refundable Maintenance Security Deposit CFRMSD)& HVAC charges security 1S Inicrest Free NIX Refundable Utilities Security Deposit CERUSD)16. Power Load KVA 7, Normal Business Hours] prom 09:00 a.m. (Opening time) to 01:00 a.m, (Closing time) (CLOSING TIME IS SUBJECTIVE TO GOV L, REGULATIONS) 18, Tlectricity Charges As per actuals / meter / electric company & & TIVAC (Per Sq.t on, HVAC as per CAM Agreement. (These charges will be borne by THE super Area) LESSEE) 19, Power Back Up ‘Charged at INR. TS per anil, The same shall be subject to change in case: Charge: of change in any price from the Government agencies and authorities 20, Water Charges AS per ictuals 21 Lock In Period Seventy-Two (72) Months from the Lease Commencement Date. Lessor will be locked in for the entire tenure of the agreement 2 Notice Period for termination of Lease By LESSEE, Three (3) months” prior notice to lessor (Post the expiry of the Lock-In period.) By LESSOR Cannot terminate the lease for the whole thirty years except on the grounds of 1. Non-payment of rent. — fora consecutive period of 4 months or 2. Incase of illegal and immoral activity by the lessee oF 3. Breach of any term of the agreement Stamp duty and other incidental charges As applicable, shall he payable as follows! 50% by THE LESSEE © 50% by THE LESSOR 24, Taxes for Demised Property Tax: All the taxes on the Premises shall be paid by TESSOR Premises However all tixes, penalties and government charges pertaining to the operation of the business in the premises will be borne by HIE LESSEL Goods & Service Vax (GST): The Good &Service Tux on rental of immovable property shall be reimbursed by THE LESSEE. LESSOR shall raise invoice for Goods éservice tax Notwithstanding anything contained herein, any fresh incidence of taxes or levies on rental of Premises, in lieu of service tax, whether retrospective or prospective, shall be solely borne by THE LESSEE Other Charges/Levies ete.: All taxes related to the ownership of the Premises will be borne by THE LESSOR, however all taxes pertaining 10 the operations of the Premises will be borne by THE LESSEL Any penalties’ interest arising due to dekiyed payments by THE LESSEL shall be solely to THE LESSEE”s account, Similarly, any penalties arising: due to delayed payments by THE LESSOR shail be solely to THI LESSOR’s account 5 Other Miscellaneous Gas or IGL charges: As applicable, shall be paid by THE TESSET Charges. Service provider telecom & DTH charges: As applicable. shall be paid by THE LESSEI 26 DPI Rate (Deterred 12% pat Payment Interest) 27 ‘Communication For THE LESSOR Address, Name: Anubhay Sharma Address: $, Bahadur Shah, Zalar Marg, New Delhi, Delhi 110002 Email: contact 32ndmilestone.com For THE LESSE Name: Pulkit Guptt Address: 32 Avenue, Sector 15, Gur Phone: +91 80530 50704 Email: pulkiv@rn: aon, Haryana, 122001 jestone. venturesOther General Terms & Conditions Commi 1 3 3 Landscape fucade and service facilities such as parking & fire should be provided by the lessor and adhered to, Backup for power, ac to be provided Lockers. if opted by the and stl zones (common) could be provided as per actual requirement & mutually agreed with the developer and charged accordit requirement imax within one month of signing of this LOL for which a separate letter to be exchanged with the developer) STP. ETP and other restaurant compliances 10 be provided centrally as per government norms Providing all property related papers, ownership papers. Cordoning off the clients dedi the terrace behind is complete Intemal stairease from the elient’s unit to the terrave above | be constructed by the Lessor as per developer's current design Placing of a Podium/Welcome desk outside the Demised Premises in the common area/patio by th : quality lo be approved as per the sample format provided by the developer (few samples will be provided to match the aesthetic of the overall project) Outer aesthetics of the restaurant will be as per the standard architecture structure of the complex and cannot be altered Internal drawings’ 3D renderings 10 be provided by the Lesse lor reference purposes before signing of agre\ Ly lessee must specily the size jed terrace area until the area of 16SIGNATURE PAGE IN WITNESS WHEREOF the Lessor and the Lessee have set their hands and s ‘on the day, month and year first mentioned above in the presence of witnesses. wed this Lease Deed SIGNED AND DELIVERED BY THE LESSOR SIGNED AND DELIVERED FOR AND ON BEHALF OF THE LESSEE, BY ITS AUTHORISED SIGNATORY In the presence of