1

LEASE DEED

THIS DEED OF LEASEis made and executed on this theday of 10.04.2023 atAgra by
and between

Mrs. Lovleena Dixit, Aged 63 years W/o Ajay Kumar Dixit R/o32/166, Shivpurl
BalkeshwarRoad Agra, ITIKeSamne, Agra,Uttar Pradesh - 282005here in after referred to
as the “LESSOR” which expression shall mean and include all his successors /
survivors / legal heirs / representatives / assignees etc.) as the first party.

AND

M/S ShriramLife InsuranceCompany limitedregistered under Companies Act, 1956,

carrying the business of life insurance , having its Registered Office at Ramky
Selenium, Plot No.31 & 32, Beside Andhra Banking Training Centre, Financial District
Gachibowli,Hyderabad-500032, represented byUmakant S/o Yugal Sharma
hereinafter referred called as the ‘’LESSEE’’ of the other part)

WHEREAS the LESSOR is absolute owner and possessor of the building wherein
property consisting of carpet area of472sq.ftbearingaddressF-9,FIRST FLOOR,
BLOCK-33, ABOVE BOMBAY DYEING, CHANDRA KIRAN BUILDING,INFRONT OF
LIC BUILDING,SOORSADAN,AGRA,282002,(U.P)hereinafter referred to as the said
property, the detailed description of which is given in the Schedule provided herein
below)

That the Lessors represented to the Lessee, that the Schedule of Property is constructed
as per the Sanctioned Plan approved by the Municipal Body. The said property is
commercial property as per sanctioned plan and permitted by Municipal Body.

1
 2

That the lessor approached the lessee to let out the above said premises on lease
to lessee and the lessee accepted the same as per terms and conditions as detailed
hereinbelow.

In pursuance of the above offer and acceptance the parties herein have entered into the
present deed of Lease based on the following terms and conditions.

NOW THIS DEED WITNESSETH AS FOLLOWS:

1. That the LESSORhereby delivered on LEASE to the LESSEE for commercial use
the vacant and peaceful possession of the said Scheduled Property i.e. fully
described in Schedule A tothe LESSEE subject to the terms and conditions
specified herein.

2. That the LESSEE has to pay the monthly rent of Rs25,000/- ( Rupees Twenty
Five Thousand Only)by way of Cheque/NEFT drawn in favor of Lessor herein,
on or before 10th of every month without fail till the date of termination of this
LEASE.Apart from the monthly rent the Lessee shall also pay theGST as
applicable time to time

3. That the LEASE has a refundable and interest free Security Deposit of Rs.
75,000/- (Rupees Seventy Five Thousand Only) to be paid by the Lessee to
the Lessor and the Lessor acknowledges the same on receipt of the said amounts
towards refundable security deposit.

4. That both the parties have agreed that the period of this LEASE is for 5years
i.e.effective from 01.05.2023to30.04.2028

5. That both the parties have agreed to that there shall be lock-in period for 36
months starting from 01.05.2023 to 30.04.2026 wherein neither party to the
agreement can terminate the agreement.

6. That both the parties to this Lease Deed have agreed to that after completion of
LEASE period, the same may be renewed with mutual consent for a further
period of three yearsas mutually agreed.

7. That both the parties to this Lease Deed have mutuallyagreed to thatthe rent
stands enhanced with 5% enhancement every year till the completion of Lease
period.

8. That the LESSORhas agreed to adjust any amount, due and payable towards
rent by the LESSEEout of the refundable amount of Rs 75,000/- (Rupees
Seventy Five Thousand Only) and in case the amount recoverable is less than
the refundable amount, then the LESSOR has to repay the balance amount to

2
 3

LESSEE at the time of vacating the premises by the LESSEE. If the LESSOR fails
to repay the advance rent at the time of vacating the premises, the LESSOR has
agreed to pay 24% interest per anum on the advance amount of Rs75,000/-
(Rupees Seventy Five Thousand Only) till the date of realization of the said
advanced amount.

And three months advance rental (75000/-) . The current rent will
processed after three month.

9. That during the course of tenancy, if any payment is due towards rent, the same
may be brought to the notice of Lessee within 7 days from the date the rent fall
due, thereafter the lessee shall pay the rent due within 7 days from the date of
notice.

10. That the LESSEE has to pay the Consumption charges such as Electricity and
Water bill of the said leased property and maintenance charges of this premises.
That the LESSORShas agreed that the property tax is payable by him. If the
property tax is paid by LESSEE, the same shall be adjusted in monthly rent
payable to Lessor.

11. That the LESSORhas agreed and permitted the LESSEE to make wooden,
aluminum partition cabins, counters and other erections in connection with the
business without causing damages to the walls or masonry structure inside the
premises. That the LESSOR further agrees and permits theLESSEEto install
Fans, A.C’s and other Electrical installation.

12. That the LESSORhas agreed and permits the LESSEEto erectcampaign board
and any name board atany conspicuous place of the premises for the purpose of
its business.

13. That the LESSORreserveshis right to make visits and enter into the said
Schedule Property under Lease at all reasonable times/business hours for
inspection as to proper maintenance or such other purposes with prior
intimation tothe LESSEE.

14. That the LESSEEshould not sublease the Scheduled Property to any third party
except for the business of its associates i.e. Shriram Group Companies.

15. That theLESSORshall not do any act or deed to anybody which will be
detrimental to the effective use of the leased portion by the LESSEE or to the
conduct of the business of the LESSEE.

3
 4

16. That the LESSOR and the LESSEE have right to terminate the lease agreement
by givingtwo (2) months’ notice in writing.

17. The LESSOR represents and assures the LESSEE that there are no court
proceedings or pending litigation in respect of the scheduled portion leased out
to the LESSEE and the LESSOR agrees to compensate and indemnify the
LESSEE, if their tenancy is disturbed by anyone in any manner for any lapse or
statutory violation committed by the LESSOR. The LESSEE can use the
scheduled portion of the premises for commercial purpose for carrying out their
associate group companies without hindrance whatsoever in any manner.

18. That the LESSEE hereby covenant with the LESSOR to use the premises and
amenities leased to them as a prudent man ought to, as if it were their own,
expecting normal usual wear and tear.

19. That both the parties to this lease deed agreed that, minor repairs of the leased
property will be carried out by the lessee and the major repairs will be carried
out by the lessor.

20. That all government taxes with regard to the leased property are payable by the
LESSOR. The LESSOR may request the LESSEE to make such payments if he is
unable to make the payment within the time given on behalf of the LESSOR and
the same should be adjusted /deducted from the payable monthly rent. However
the demand notice and receipt for such payment shall be handover to the
lessor by the lessee.

21. That the LESSOR agreed that the advance made by the LESSEE is acknowledged
by the LESSOR and shall be first charge in the leased property therein.

22. That both the parties to this deed have agreed that thisdeed of Lease shall be
registered and the registration charges shall be borne by both the parties in
50:50 ratio.

JURISDICTION

23. That the courts at Hyderabad alone shall have jurisdiction to entertain and try
any dispute and/ or difference arising out of or in connection with the terms of
this Lease.
ARBITRATION

24. If any dispute and/or difference arises between the Parties hereto during the
subsistence of this Deed or any renewals of the same or thereafter, in connection
with the validity, interpretation, implementation or alleged material breach of
any provision of this Deed or regarding any question, the Parties hereto shall

4
 5

endeavor to settle such dispute amicably, at Hyderabad itself. The parties may
select / appoint Retired Civil Judge of Hyderabad District of Civil Court to
adjudicate the dispute.

25. In case of failure to resolve the dispute and/or difference amicably, the dispute
and/or difference shall be referred to a sole Arbitrator mutually agreeable to
both the parties for adjudication thereof. The proceedings shall be governed by
the Arbitration and Conciliation Act, 1996 or any amendment or modification
thereto

SCHEDULE ‘A’

SCHEDULE OF THE BUILDING DETAILS

All that part and parcel of building propertyconsisting of a carpet area of472
sq.ftsituated ataddressF-9,FIRST FLOOR, BLOCK-33, ABOVE BOMBAY DYEING,
CHANDRAKIRAN BUILDING,INFRONT OF LIC
BUILDING,SOORSADAN,AGRA,282002,(U.P)and is bounded by -

NORTH :
EAST :
WEST :
SOUTH :

SCHEDULE ‘B’
AMENITIES PROVIDED BY LESSOR

1.Electricity Connection
2. Water Connection
3. Chair/ Tables
4. Parking
5. Air Condition
6.Networking
7. Washroom
8. Pantry
9. Traininig room
10. BM cabin , cash counter, 6 work station etc.
11. Full Furnish.

IN WITNESS WHEREOF THE PARTIES herein have put their hands and signed this
Deed of Lease on the day of 10.04.2023and place aforementioned with their free will
and consent and without any coercion or fraud in the presence of the following
witnesses.

5
 6

(Lessor) (Lessee)

1. Witnesses: _________________(Signature of Lessor witness)

(Write name and address of witness)

2. _________________(Signature of Lessee witness)

(Write name and address of witness)