COMMERCIAL LEASE AGREEMENT

This Agreement made on the 21st day of August 2023

BETWEEN
Mr.R.Jayakumar, S/o.Late A.Rajagopal at 3/187,Sakthi Srinivasan salai, Kumaran kudil
Extn, Thoraipakkam, Chennai-600 097 referred to as the “LESSOR” which expression
shall mean and include his heirs, executors, administrators, legal representatives and
assigns etc., of the ONE PART.
AND
Mr. A.Kokila Ananthan w/o Ananthan Plot no.52, Kumaran kudil 4 th cross st,Kumaran
kudil extn, Thoraipakkam, Chennai-97 (Hereinafter referred to as “the Lessee”, which
expression shall, unless repugnant to the context or meaning thereof, be deemed to mean
and include its successors and permitted assigns) of the SECOND PART;

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WHEREAS:

A. The Lessor is the sole and exclusive owner of the premises bearing shop in
Ground Floor, Door no. 3/187, Sakthi Srinivasan salai, Kumaran kudil extn,
Thoraipakkam, Chennai-600 097 and is desirous of letting out on lease to the
Lessee the premises which is particularly described in the first Schedule hereto
(hereinafter called “the said Premises”).

B. The Lessor has agreed to lease the said premises and the Lessee has agreed to
accept the lease of the said premises commencing from the date and for a duration
specified in the First Schedule hereto at the monthly rental specified in the First
Schedule hereto payable on or before the date stated in the First Schedule subject
to the terms and conditions hereinafter contained.”

WHEREBY IT IS AGREED AS FOLLOWS:

1. The Lessor hereby leases and the Lessee takes the said premises on lease for the
duration specified in the First Schedule hereto at the monthly rental specified in
the First Schedule hereto payable on or before the date stated in the First Schedule
hereto.

2. The Lessee shall upon the execution of these presents, pay to the Lessor the sum
specified in the First Schedule hereto (herein after this said sum is referred to as
the said Deposit) by way of security and deposit for the due performance and
observance of the terms, conditions, covenants and stipulations herein contained
on the part of the Lessee to be complied with.

3. The said deposit shall be refunded without interest to the Lessee by the Lessor
upon the expiration by efflux of time of the term of license hereby granted or upon
earlier determination, upon the Lessee handing over the vacant possession of the
said premises to the Lessor subject to normal wear and tear. Notwithstanding
anything to the contrary contained elsewhere, the Lessor shall not be entitled to
deduct any amounts or charges from the Security Deposit except arrears of lease
rental, repairs and damages caused to the premises other than normal wear and tear
and electricity charges payable by the Lessee in respect of the said premises.

4. It is further agreed by and between the parties that if the Lessor fails to refund the
security deposit as aforesaid as per the terms of this Agreement, the Lessee shall
have the right to retain the possession of the said premises until the amount as
aforesaid is paid to the Lessee by the Lessor and the Lessee shall not be liable to

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 pay and compensation /lease rental, claim, damages, penalty etc. whatsoever, as
hereinafter mentioned in this Agreement, for such retention or possession beyond
the period of lease. In addition, the Lessee may charge overdue interest at the rate
of 18% per annum from the date of default on the part of the Lessor to refund the
deposit. This shall be without prejudice to the Lessee’s right to take any other
action to recover the deposit.

5. The lessee hereby covenants with the lessor as follows:

(a) To pay the rent specified in the First Schedule hereto on or before 5 th of Every
Month, subject to deduction of taxes as applicable.

(b) To be responsible for and pay the charges for the electricity consumed in the
said premises for the period of this lease based on separate meter readings and
pay the charges for water consumption.

(c) At all times to keep the said premises in good condition throughout the terms
of lease hereby granted, normal wear and tear excepted and to handover vacant
possession on ‘as is where is ‘basis of the Lessor on the expiry or sooner
determination of this Lease.

(d) To obtain at the Lessee’s own cost and expense, the requisite approval or
permission of the relevant government authority in respect of any major
alteration or additional extension to the said premises.

(e) Not to part with the possession of the said premises or any part thereof for all
or any part of the term of lease hereby granted, except with the permission of
the Lessor, which shall not be unreasonable withheld. Provided that the Lessee
may sub-let the said premises or any portion thereof to any with prior written
consent from Lessor.

(f) To permit the Lessor and/or their servants or agents with or without workmen
at reasonable hours of the day and after giving prior notice to the Lessor, to
enter upon and view the state and condition of the said premises. Provided
always that the Lessor shall give prior notice of at least one (1) day to the
Lessee of his intention to enter the said premises for the aforesaid purposes.

(g) Not to store or bring upon the said premises any articles of a highly
combustible or inflammable or dangerous nature.

(h) To use and occupy the said premises solely and exclusively for the purpose of
a commercial office.

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6. The Lessor hereby covenants with the lessee as follows:

(a) That the Lessee paying the rent hereby reserved and observing and performing
the covenants, terms conditions and stipulations herein contained shall
peaceably hold and enjoy the said premises throughout the said term of lease
without any interruption by the Lessor, its agents, workmen or representatives;

(b) To allow the exhibition of the Lessee’s name , office address and business logo
at the entrance and at other locations on, around or within the said Building and
the said premises;

(c) To pay all taxes, rates and other duties payable in respect of the Building and
the said premises, including but not limited to property tax, corporation tax,
sewerage tax, water tax, etc.

7. Provided always and it is hereby expressly agreed between the parties as follows

(a) If the said rent or any part thereof shall be unpaid for thirty (30) days after
becoming due and payable then it shall be lawful for the Lessor at any time
thereafter to determine the lease hereby granted by serving on the Lessee one
(1) months’ notice to quit but without prejudice to the Lessor’s right of action
against the Lessee for any antecedent breach of the Lessee’s covenants herein
contained. Provided that if the Lessee pays such unpaid rent in full during the
said period of one (1) month, the notice to quit shall stand rescinded.

(b) If the said Building or the said premises thereto shall be destroyed or rendered
uninhabitable by fire, storm, tempest, civil disturbance or enemy action or if
the said premises should be or become either wholly or partially unfit for
habitation, then and in any such event all liability of the Lessee under this
agreement or otherwise to pay rent shall cease and remain suspended until the
said premises shall have been restored or rendered habitable. The Lessee shall
also be entitled to treat this lease as terminated and released from all the
obligations herein contained and the deposit money shall be refunded to the
Lessee without interest by the Lessor or adjusted against the rent payable for
the last month of the lease but with subject to the condition in Clause 4
abovementioned.

(c) In the event the said premises is sold or transferred by the Lessor, the new
Lessor shall not be entitled to terminate this lease and shall instead arrange for
this lease to be assumed by the transferee on the same terms and conditions.
The Lessor’s intention to sell or transfer the said premises shall be intimated to
the Lessee in writing in advance of 15 days of such sale or transfer and the

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 Lessor shall indemnify the Lessee if such intimation is not given as mentioned
and the Lessee suffers any loss on that account.

(d) Notwithstanding anything to the contrary whether in this Agreement or

elsewhere, neither the Lessor nor the Lessee shall be entitled to terminate this
lease earlier than Eleven months(11) from the date of commencement of the
lease, except in the case of a wilful and un remedied breach by the Lessee or
the Lessor.

(e) The Lessor and/or their authorized contractors or representatives will carry out
any structural repairs to the said premises and ensure that at all times the said
premises are wind and water tight and otherwise inhabitable for the purpose of
this lease.

(f) Upon the expiry of this Agreement and any renewal thereof, the Lessor shall be
entitled to Vacant possession of the said premises and the Lessee shall deliver
the same to the Lessor.

(g) The stamp duty and registration charges, if any, payable on this Lease
Agreement shall be borne by the Lessee.

(h) The detailed terms regarding the lease are more fully set out in the First
Schedule annexed hereto and in the event of any inconsistency between the
agreement and the detailed terms as set out in the First Schedule, the terms of
the Schedule shall prevail.

(i) All payments by the Lessee to the Lessor shall be subject to tax as applicable to
be deducted at source or otherwise.

(j) The Lessee may install lights, projection equipment, security devices, office
cabins and/or furniture, and other electrical equipment in the said premises.

8. The Lessee may give three (3) months’ notice in writing to terminate the lease at
any time during the term of this lease or any extension thereof. However no such
notice shall be required to be given for the first 12 months of the Lease, except in
the circumstances mentioned in clause 6(d) above. The Lessor shall thereupon
refund to the Lessee the deposit in the sum stated in the First Schedule hereto on
the expiration of the notice period, unless it has been adjusted against the rent for
the notice period but with subject to clause 4 above mentioned.

9. In this lease Agreement unless there is something in the subject or context

inconsistent with such construction or unless it is otherwise expressly provided:

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 (a) Words in the singular include the plural and words in the plural include the
singular;

(b) Word importing the masculine gender include the feminine and neuter gender;

(c) Words applicable to natural persons include anybody or persons firm or

partnership or body corporate.

(d) Any notice to be given under this agreement shall be in writing and shall be
sufficiently served on the Lessor by registered post acknowledgement due,
addressed to the Lessor at his address stated above and shall be sufficiently
served on the Lessee by registered post acknowledgement due, addressed to it
at its addresses stated above and shall be deemed to have been received in the
ordinary course of post (whether it has been delivered or not).

10. The parties agree to submit themselves to the exclusive jurisdiction of courts at
Chennai provided under law.

11. This Agreement shall be binding upon the successors-in-title and assigns of the
parties hereto

IN WITNESS WHEREOF the parties hereto have hereunto set their hand on the day
and year above written.

For the LESSOR For the LESSEE

Name : Name :

Title : Title :

Witnessed By: Witnessed By:

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 THE FIRST SCHEDULE

Building SHOP IN Ground Floor,Door No.3/187, Sakthi Srinivasan

salai, Kumaran kudil Extn, Thoraipakkam,Chennai-
600097.

Lessor Mr. R.Jayakumar, S/o. Late A.Rajagopal, No.3/187,

Sakthi Srinivasan salai, Kumaran kudil extn,
Thoraipakkam, Chennai-600 097.

Lessee Mrs. Kokila Ananthan w/o, Mr.Ananthan

No.52,Kumaran kudil 4 th cross st, Kumaran kudil
extn, Thoraipakkam,chennai-97.

Said Premises Shop in Ground Floor, Door No.3/187, Sakthi Srinivasan

salai, Kumaran kudil Extn, Thoraipakkam, Chennai-
600097.

Super Built-up Area (Sq.ft.) Approximate.100 Sq.ft. In Ground floor.

of said premises

Rent Rs.5,500/- (Rupees Five thousand five hundred only)

per month (all inclusive) including exiting fixtures and
fittings to be paid within Five working days of the
commencement of each calendar month.

Lease Term 11 Months

Atleast six months prior to expiration at the request of the
Review of Terms for renewal
Lessee or Lessor.
One renewal term of 11 months at the option of the
Lessee, on mutually agreed terms with 5% Increase every
Renewal Term
year.

Genset Can be installed in the said premises at no extra charge at

any place as mutually agreed.

Security Deposit Rs.10,000/-(Rupees Ten Thousand only) to be refunded

on the expiry or earlier determination of the lease or
adjusted against the rent for the last month of the lease
period with subject to Clause 4 above mentioned.

Lease Commencement Date The Lease will commence on the date of execution of the
Lease Agreement

Rent commencement Date The rent will commence from the date of 21s August 2023
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Lessee’s office Hour Timings As per Lessee’s usual office working hours, inclusive of
Saturdays and Sundays.

Property tax The Lessor will be solely responsible for the current and
future incidence of property taxes relating to the building
and including the said Premises.

Dish Antennae The Lessor will provide the Lessee with space on the
terrace for installation of VSAT/Dish antenna.
Reinstatement of Premises at Any modification to the premises undertaken by the
the time of vacation Lessee will be removed by the Lessee at the time of
handing over of the said premises to the Lessor on ‘as is
where is’ basis, subject to reasonable wear and tear.

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