same, sorts daoadts \\ * BEG) athena L 9 02? 3 LEASE DEED THIS LEASE DEED (hereinafter the “Lease Deed") is made and executed at Bangalore, on this 03" of February, 2021 BY AND BETWEEN: Mr. JAYARAMAPPA, Slo Late Chikanna, aged about 69 years, resident of Cheemasandra Village, Bidarahalli Hobli, Bangalore Bast, Virgonagar Post, Bangalore ~ 560049 (hereinafter referred to as the “Lessor”, which expression shall, unless repugnant to the meaning or context thereof, be deved to mean and include his heirs, executors, legal representatives, administrators, and permitted assigns), of the One Part; AND STANLEY ENGINEERED FASTENING INDIA PRIVATE LIMITED, a company under the Companies Act, 1956, having its registered Office at No 99, Thandalam Village, | Sriperumpudur Taluk, Kancheepuram, Tamil Nadu - 602105, (hereinafter referred to as the “Lessee”, which expression shall, unless repugnant (o the context and meaning hereof, be deemed to mean and include its successors, representatives and permitted assigns) represented by, and acting through its authorized signatory, Mr. Rangaraju Sivasubramaniyan, Director, of the Second Part (The Lessor and the Lessee hereinafter collectively referred to as the ‘Parties’ and individually as 'Party'.) WHEREAS: A. The Lessor herein is the absolute owner of a duly approved and sanctioned ‘commercial industrial land situated at No. 33/3 of Cheemasandra Village, Virgonager Post, Bangalore ~ 560049, comprising of 30,000 sq ft. of covered shed area and surrounding pathway, as described in the Schedule attached hereto (hereinafter referred to as the "Demised Property"). B. The Lessee had approached the Lessor and ofifred to take on lease the Demised Property f0 carry on manufacturing industry and/or any other business and the Lessor was agreeable to lease the Demised Property to the Lessee. C. Now, the Parties wish fo execute this Lease Deed in respect of the Demised Property ‘on mutually agreed terms which are detailed and provided hereunder. gp rg e Poge tof 14 Director1 3 BAO 20h es eee 020-21 (TOO treed amed aacodd warke Ronged aened Department ‘of Stamps and Registration BRve a3, 1987 3 dew Sooyet mobod 800 10.9 woadsob gave 2g 2s Slaniey Engineered Fastening incia Private Limited Rep. by its Authorized Signatory / Director Rangaroju Svasubtamaniyan $/o, Rangaraju , sich 137400.00 domenriey Abd longed deamon anctantbieiy cfpeocennct ged Hog Co) Zod mis8ob asd ‘add eos? 3.8, 137400.60 DD No 009786 Res.137400/- cated (04/Fet2/202) drawn on Axis BANK HOSAKOTE, 2a: 137400,00, ot adose, i808 : 05/02/2021 cvaddoroded Spots ene ene!’ doe SBE TO adowe, Soreved-49 Designed and Developed by C- DAC Pune. aoe ¥{ alle Do lort rt dapddaeetal,..22... NOW THEREFORE THIS LEASE DEED WITNESSETH aStXB EER 1 GRANT OF LEASE, HAND OVER OF POSSESSION: LL 12 13 14 15 16 In consideration of the non-interest bearing refundable security deposit paid, lease rent and other amounts to be paid by the Lessee as set out in this Lease Deed, the Lessor hereby grants, demises and leases unto the Lessee, the Demised Property in the ‘manner provided in this Lease Deed. Tentatively from O1st March, 2021 (“Hand over Date”), or the date as mutually agreed between the Parties, the Lessee shall have the exclusive right to use and enjoyment of and uninterrupted access to the Demised Property also the right to use and enjoyment of and access to the surrounding pathway and land therein during the lease period and any renewa! thereof, subject to the terms and conditions of this Lease Deed ("Lease"). The Lessor shall offer and hand over vacant physical possession of the Demised Property to the Lessee on the Hand over Date. ‘The Lessor confirms and agrees that the Lessee shall be permitted to execute and undertake at its own cost, but without in any manner damaging the main structure of the Demised Property, works in respect of installation of the fit-outs, erection of internal partitions and other intemal alterations, additions or improvements using contractors selected by the Lessee, as may be necessary for the Lessee's use of the Demised Property, provided however, that if such works in respect of installation permission of any municipality or any other local body or Government Authority, the Lessor shall extend all necessary assistance and fully co-operate with the Lessee in obtaining the same. ‘The insurance of the Demised Property shall be the responsibility of the Lessor and the premiums payable thereof shall be borne solely by the Lessor. The lessee shall pay electricity charges for power consumed by it at actual rates every month directly to BESCOM/KPTCL or other relevant governmental authority or agency. The Lessee shall not keep any arrears of electricity charges. ‘The Lessor has agreed and as such is obligated to provide uninterrupted all year access and water in the Demised Property premises throughout the tenure of the Lease Deed. The Lessee shall be permitted to install diesel generators, cooling tower installation, internal, external and peripheral lightings etc. The Lessee further agrees and undertakes that its fit outs shall not cause any damage to the existing structures and systems installed by the Lessor. la Pvt. Ltd, rssaaane) Director Page 2 of 14 For Stanley Engineered FasteningsML aeqad dneo ret, SB... a 020... Print Date & Time : 05-02-2001 04:49:23 PM. egydeeo Boe: 331] Eick IQs evel ferotimaiees Amster datd dole ob Or00$ 05-02-2021 Wort 04:23:47 PM roth da Bod 802d heychactst soa 358 ee 1 /aaccaan, eaTO 2 | tevbe, 70 3 | todardan be, Do mye BRAD 2¢ Stanley Engineered Fastening incia Private Limited Rep. by lis Authorized Signatory / Diector Rangoraju Sivasubramaniyan S/o, Rangarajy aden ana anced seb 3 Stantey Engnasied Fastening Indic Private Limited Rep. by its Auihovized Signctory / Director Rangorojy Sivosubyamoniyan $/0. Rangerax rete | Eo seicbRadgpgn nyc wes Saconmmy é satay, Borsau—ag * a ah, ” eyysroae | = Senlay Engineered Fastening India Private Limited Rep, by its Authorized Signatory / Director Rangcraju Svasubtamaniyan ‘a* Rangoraju Gatadeoddae) Tavaramappe 8/6, Late Chikana dtestarbsey — Ree am, O we Sreortemasoo Qadwy, vforeer—49Bl tf eRe NAY f. lt apd insta Zot. ; 2020-21 1.7. The Lessee shall use ihe Demised Property for industrial purposes. The Lessee is Permitted to put up removable temporary sheds und fencing in the adjoining open space for utility purposes. 1.8 The Lessce shall ensure the complete safety of the material and equipment kept in the Demised Property and the Lessor shall not in any manner be held responsible or liable in case of theff, pilferage or misplacement of such material or equipment. 1.9 The Lessee agrees and undertakes that upon expiry’ termination of the Lease, the Demised Property shal! be handed over to the Lessor subject to normal wear and tear. Accordingly, the Lessee shall be entitled to remove all the movable assets (installed or placed by the Lessee) at the time of expiry or early termination of this Lease Deed, including all fit outs and other works (installed or placed by the Lessee). 1.10 The Lessor confirms that he has taken all the permissions from the relevant Government authorities to enable him to Lease out the Demised Property to the Lessee for the industrial purposes and in ease any further permission(s) is requried in future, he will take the same imemdiately at its own cost. 2 LEASE TERM AND LOCK IN PERIOD: 2.1 This Lease Deed shall be effective from the Hand over Date and the Lease for the Demised Property shall also commence from the Hand over Date, The Lease subject to Clause 13, will continue to be in full force and effect between the Parties for a period of Five Years (S Years) and Ten Months (10 Months) from the Hand over Date ("Initial Lease Term”), Upoi the expiry of the Thitial-Lease Term, the Lessee shall have the option (o renew the lease term of the Demised Property for a period of 3 (Three) years (the renewal term immediately succeeding the Initial Lease Term shall be referred to as the ("Renewal Term"). In the event that the Lessee wishes to exercise its renewal option pursuant to this Clause, it shall provide a notice in writing to the Lessor at least 3 (three) months prior to the expiry of the Initial Lease Term. In such an eventuality, the Lessor shall renew the Lease for the relevant term, on terms and conditions set out in this Lease Deed. Such fresh lease deed shall be executed prior to expity of the Initial Lease Term and shal! become effective from the day immediately following such expiry. 2.2 It is agreed between the Parties that the period of 3 (Three) years commencing from the Hand over Date shall be regarded as the lock in period applicable to the Lessor ("Lessor Lock in period"). During the Lessor Lock in period, the Lessor shall have no right to terminate the Lease, save and except as specifically provided in Clause 13.2(@) or (b). In the event the Lessor terminates the Lease during the Lessor Lock in period, for any reason other than those specified in Clause 13.2/a) of (b), the Lessor shal! be liable to pay to the / ( a For Stanley Enginoered Fastonings wl cage dey 4 India Pvt Lt. ni~ DirectorB,.drapscmgtes tol, 23M ws 90.) wich shy deat ‘Arun S/o. 6 PNoniappa ‘Cheemasandia Vilage, Vitgonagor (). Bidarohali Hob, Bangalore: 29, ful ‘, Raghavan S/o. TA Sampath Kumaran No. 78, Coffee Coord Layeut. Hebbal, Kemepura, Bangalore:24, Kose ens! Saconrmand satay, dorsepya4g eh 1 Se age cipateeo done BDH-1-08311-2020-21 eh a Simo8 06-02-2021 doch ecommctaiennct evetSorociive}aed Samet WE FaconrmAamo Detioned andi Developed by C-DAC, ACTS, Pune Baewy, dorieuy—49NAN Pom: y Lessee an amount equal to the lease Rent for the Demised Premises for the entire unexpired portion of the Lessor Lock in period. 2.3 It is agreed between the Parties that the period of 3 (Three) years commeneing from the Hand over Date of the Demised Property shall be regarded as the lock in period applicable to the Lessee ("Lessee Lock in period”). During the Lessee Lock in period, the Lessee shall have no right to terminate the Lease, save and except as specifically provided in Clause 13.1 (b) or Clause 13.1 (c). In the event the Lessee terminates the Lease during the Lessee Lock in period, for reason other than those specified in Clause 13.1 (b) or Clause 13.1{e), the Lessee shall be liable to pay to the Lessor the lease rent for the Demised Property for the entire unexpited portion of the Lessee Lock in period. Post expiry of the Lessee Lock in period and even during the Renewal Term, the Lessee may terminate the Lease by serving a 6 (Six) months prior written notice or lease rent in lieu thereof or a coinbination of both, to the Lessor. It is abundantly clarified that there shall be no lock in period whatsoever during the Renewal Tem. 3 RE 3.1 In consideration of the Lease and in accordance with the provisions of Clause 3.2 and Clause 3.3, during the tenure of the Lease, the Lessee hereby agrees to pay to the Lessor monthly lease rent at Rs.17/- per sq.ft. amounting to Rs. §,10,000/- (Rupees Five Lakh Ten Thousand only) per month for the Demised Property ("Rent"). The Rent is exclusive of any goods and services tax, which shall also be borne and payable by the Lessee. 3.2 The rent in respect of the Demised Property shall commence from the Hand over Date. 3.3 In addition to the above, a sum of Rs, 30,000/- (Rupees Thirty Thousand only) per month shall be paid towards additional amenities such as cafeteria, toilets, security share. However, this amount shall not be considered for any annual escalations throughout the subsistence of this Agreement. 3.4 Upon the expiry of 2 (Two) years from the Hand over Date there shall be a recurring annual escalation of 5% (five percent) in the Reni only, over and above the Rent paid during the preceding year, which shall apply for the remaining Lease Term. 3.5 The Lessor shall raise invoice of the Rent along with the service tax in advance for each calendar month, The Lessee shail pay the amount of Rent ineluding Goods and Services ‘Tax in advance on or prior to the 7th (seventh) day of the English Calendar month {in respect of which the Rent is due) by a crossed account payee cheque or demand draft or money transfer to the Lessor's Bank Account as indicated by the Lessor. The Rent for the first month shall be payable by the Lessee to the Lessor on or prior to the Hand over Date for the Demised Property. Any default/ failure to pay the rent by the relevant due date NO ‘ee Ln Poge 4 of 14 Director For Stanley Engineered Fastenings In Ltd,i re toss ga psd certo 28, oe 2020-41 shall attract levy of interest at the rate of 8% (eight percent) per annum for the period of delay. which shall also be payable over and above the Rent due. 3.6 The Rent payable by the Lessee to the Lessor shall be subject to statutory tax deductions at souree ("TDS") at applicable rates including any other deductions in accordance with applicable laws. The Lessee shall issue a TDS certificate to the Lessor for ail the TDS deducted and the Lessee agrees that such certificate may be issued annually. 4 SECURITY DEPOSIT 4.1 The Lessee with respect to the Demised Property shall pay to the Lessor as non-interest bearing refundable security deposit (“NIRSD") ior the Initial Lease Term an amount of Rs. $4,00,000/- (Rupees Fifty-Four Lakh only), Additionally, a sum of Rs. 27,00,000/- (Rupees Twenty-Seven Lakh Only) shall be paid in advance, which amount shall be deducted from the rent 10 be paid over the course of the following 12 months with effect from 01% of July 2021. 4.2 In the event that the Lessee does not exercise any of its renewal options pursuant to Clause 2.3, the non-interest bearing refundable security deposit (NIRSD) shall be refunded by the Lessor to the Lessee without any interest simultaneously with the Lessee surrendering the peaceful, vacant and actual physical possession of the Demised Property. The Lessee shal! also, at its option, be entitled seek full or partial adjustment of NIRSD towards the Rent for the last 3 (three) months of the tenure of the Lease. 4.3 Ifthe Lessee vacates the Demised Property upon termination or expiry of this Lease Deed and the Lessor fails of refuses to refund the NIRSD, the Lessor shall pay to the Lessee on such portion of the NIRSD or part thereof along with interest at the rate of 18% (eighteen percent) per annum for the period of delay. Such interest shall be computed from the date of termination or expiry of the Lease or the vacation of the Demised Property by the Lessee, whichever is later, till the date such portion of the NIRSD and all interest accrued thereon is fully paid by the Lessor to the Lessee. 3 MAINTENANCE The Lessee shall keep the Demised Property in good and tenantable condition. The Lessee shall bear repairs, maintenance of all minor electrical and sanitary fittings, etc, during the period of Lease. 6 MUTUAL REPRESENTATIONS AND WARRANTIES: 6.1 The parties ake the following representations and warranties: (a) The parties have obtained all statutory permissions and Government approvals. if any. to enter into this transaction and sign this Lease Deed oe t For Stanley Engineered Fastenings Page 5 of 14 India Pvt, Ltd, nah = / DirectorSF me EEN od aegudagteo tol iB a 2020-44 (b) The Parties have full power and authority to entcr into this Lease Deed. (c) The execution of this Lease Deed is not prohibited by their constituent documents nor will its execution contravene provisions of any applicable law ‘or agreement or document to which it is a Party, (@) All the corporate approvals required for the execution -of this Lease Deed have been obtained. 6.2 The Lessee has represented and warranted that it shall use the Demised Property for carrying on manufacturing activity and/or any other business, 6.3 The Lessor represents that he is the lawful owner and fully entitled to, seized and possessed of the Demised Property free from all encumbrances whatsoever and that there is no charge, mortgage, trust, litigation etc. thereon and the Lessor shall keep the Lessee saved, harmless and indemnified against any such loss, damages, expenses, claims, actions, which the Lessee may suffer on account of such cepresentation of the Lessor. 7 OBLIGATIONS 7.1 The Lessor is obliged to do the following: (a) During the tenure of the Lease, the Lessor shall not enter or access the Demised Property without prior intimation in writing of at least 6 (six) hours to the Lessee. The Lessor shall have access to the Demised Property only on normal business hours. (>) The Lessor shall ensure continued power connection to the Demised Premises during the tenure of the Lease hereunder and shall not interrupt or disconnect the power connection for any reason whatsoever except in case the Lessee defaults in payment of electricity charges. (©) During the tenure of the Lease herein, the Lessor shall not restrict or hamper electricity supply, water supply, access to the Demised Property or do or omit to de any set which may affect the enjoyment of the Demised Property by the Lessee, (©) The Lessor will provide all assistance to the Lessee in obtaining approvals, consents, permissions and authorizations of municipal and tocel bodies, as may be required for the Lessee in connection with occupation of the Demised Property and carrying on its industry’ factory therefrom, For Stanley Engingered Fastenings India Pvt. Ltd. SSS baad Page 6 of 14 Ni f ~ DirectorNS&, ead degen 208)... RL 2020-2) 7.2 The Lessee is obliged to do the following; (a) (b) Co) @ (e) ©) The Lessee may install firefighting equipment and systems within the Demised Property at its own cost and, if required, obtain applicable approvals from the relevant government authorities. The Lessee shall undertake routine maintenance and upkeep of the Demised Property (including the existing fit-outs) and modifications done by the Lessee including repairs of any minor damage caused to the Demised Property by the Lessee at its own cost as a result of normal wear and tear, as and when necessary. ‘The Lessee shall pay electricity charges of the Demised Property every month as per the bills raised in accordance to the meter reading by the electricity authorities. The building address for the electricity bill for the Demised Property shall always remain that of the Demised Property and shall not be changed during the tenure of the Lease herein. ‘The Lessee shall obtain and maintain insurance for the fit outs and other material installed within the Demised Property. ‘The Lessee agrees that it shall use the Demised Property for the purposes of carrying on manufacturing activity and/or any other business and shall not carry on oF permit to be carried on in the Demised Property or in any part thereof any activities which are or are likely to be unlawful, obnoxious or cause nuisance. The Lessee agrees and undertakes not to sell, assign or sub-let the Demised Property or otherwise encumber or suffer a lien thereon except as provided in the Lease Deed. 7.3 Use and Enjoyment (a) The Lessee shall subject to making timely payments and compliance of the terms and conditions of this Lease Deed during the Lease have: (i) quiet and peacefill use, enjoyment and possession of the Demised Property, without any interference fiom or disturbance by the Lessor or any trustee or person claiming under the Lessor. India Pvt. Ltd. Pave 7 of 14 ~ Director For Stanley Engineered Fastenings SCS bromoKO NSwonet Lath {b) The Lessce’s employees, authorised representatives, visitors. a contractors, vendors ete. shall have unrestricted use of and access to the Demised Property at all times. 8 SIGNAGE The Lessee shall be free to put- up its signage or its standard graphies in or outside the Demised Property in the manner it deems fit. 9 SUB-LEASE AND ASSIGNMENT 9.1 The Lessee will have the right to sub-lease or allow the use of the said Demised Property without seeking any approval of the Lessor to: (a) Any organization resulting from the merger or consolidation of the Lessee with any other person/entity; (6) Any organization acquiring all or substantially all of the assets of the Lessee: oF (c) Any subsidiary, affiliate or group entity of the Lessee. ‘No third party sub-leasing shall be allowed to the Lessee. 9.2 The Lessee also agrees and consents that it would have no objection to the Lessor raising finance by way of mortgage/charge on the said Demised Property, subject to the condition that the creation or such mortgage/ charge of the said Demised Property shall not affect the rights of the Lessee in any way to use the said Demised Property during the period of the Lease. 9.3 In the event the Lessor wishes to sell the said Demised Property during the term of this Lease Deed, the Lessor shall provide Lessee the first right to purchase the said Demised Property and if declined by the Lessee, then the new purchaser would become Lessor by stepping into the shoes of the present Lessor with the same terms and conditions stipulated herein. Such sale will be subject to this Lease and the terms contained in this Lease Deed. 10 SPECIFIC PERFORMANCE The Lessor agrees that the provisions of the Lease Deed shall become effective and come into force and become binding on and from the date of execution of this Lease Deed. The parties shall perform their obligations hereunder and the Lessor shall hand over the possession of the Demised Property on the Hand over Date as the lease will commence _ For Stanley Engineered Fastenings , as! -_ Page 8 of 18 India Pyt, Ltd. N a . SOs rr 3 Zi DirectorNON See os}, ariel as 202044 on the Hand over Date. The Lessor agrees that breach of provisions of Clause 1.1 on the part of the Lessor shall cause irreparable loss and damage to the Lessee not compensable in terms of moncy and accordingly the Lessee shall have the right to claim specific performance of obligations of the Lessur. wal Zale sips dng I PROPERTY TAXES 11.1 Ifany property tax/ municipal and aay other taxes/cesses/charges, as the ease may be, is levied/a demand raised by the statutory authorities in respect of the Demised Property for the duration of the Lease, the same shall be bome by the Lessor. The Lessor shall pay all such taxes in a timely manner. U2 Lf any property tex/ municipal and any Other taxes/cess/charges, as the case may be, is levied/a demand raised by the statutory authorities in respect of the Demised Property for the duration of the Lease and the Lessor fails to pay the same whenever dute, the Lessee shall have a right, but not the obligation, to pay the same on behalf of the Lessor. In case the Lessee makes any payment on behalf of the Lessor, the Lessor shall, within 10 (ten) days from the date of receipt of written notice of payment from the Lessee enclosing original copy of receipt of payment of the tax from the concemed authority, pay to the Lessee all such amounts paid by the Lessee to the statutory and other authorities. In the event of any delay in reimbursement by the Lessor, beyond 19 (ten) days from the date of receipt of the written notice of payment provided by the Lessee to the Lessor, the Lessor shall be liable to pay interest at the rate of 18% (cighteen percent) per annum for the period of delay. 12 FORCE MAJEURE If the Demised Property or any part thereof be destroyed or damaged by fire (not caused by any wilful act or negligence of the Lessee); earthquake; tempest, flood, lightening, atmospheric disturbance or any other act of God, riots; terrorism, violence of aay army or mob or enemies of the country or by any other irresistible force, change of government policy including statutes or the orders of any statutory authority, or in case the performance of obligations are adversely affected by any other natural calamity, ot pandemics, epidemics, governmental rules and regulations in light of such factors, ("Force Majeure"), the Lessee shall have the option to terminate the Lease (subject to the continuance of the Force Majeure period beyond 30 (thirty) days, by providing a 30 (thirty) days’ notice in writing and the Lessor shall upon the expiry of such 30 (thirty) days refund to the Lessee, forthwith, without any interest all moneys deposited with the Lessor. During the Force Majeure pericd, the Lessee shall not be liable to pay the Rent and any other charges in respect of the Demised Property. The Lessee may, however, at its sole option. without determining the Lease. temporarily vacate the whole or such portion of the Demised Property to enable the Lessor to carry out repairs in order to restore the Demised Property to its original condition and in such event. the Lessee shall a For Stanley Engineered Fastenings wie? a Page 9 of 18 lags Pot Lad Directordegoddgsen Zoi, me \ 2020-21 -— not be liable to pay the rent or other charges, for the Demised Property for the period during which the Force Majeure continues and for such period ti the Lessor carries out the repairs in the Demised Property. 13 TERMINATION 13.1 Termination by the Lessee (@) The Lessee shall, subject to the provisions of Clause 2.4 hereinabove, have the right to terminate the Lease at any time during the Lease period, without assigning any reason whatsoever, by providing the Lessor not less than 6 (Six) months prior written notice (“Notice Period") or rent in lieu thereof or a combination of both, and the Lease shall terminate upon the expiry of the Notice Period. (b) The Lessee shall also have the option to terminate the Lease, in the event there occurs a Force Majeure event in which case the provisions of Clause 12 shall apply. If the Force Majeure conditions continue beyond 30 (thirty) days, the Lessee may terminate the Lease by providing a notice in writing to the Lessor and the'Lease shall stand terminated automatically upon the expiry of such 30 (thirty) days. () ‘The Lessee shall have the right to terminate the Lease at any time during the Lease period in case the Lessor commits a material breach of the terms and conditions of this Lease Deed and fails to remedy the material breach within 30 (thirty) days after receipt of the Lessee's written notice in respect thereof, 13.2. Termination by the Lessor ‘The Lessor shall have the right to terminate this Lease Deed, in the event that: (a) The Lessee commits a material breach of the terms and conditions of this Lease Deed and fails to remedy the material breach within 30 (thirty) days afler receipt of the Lessor’s written notice in respect thereof; or (b) The Lessee fails to make payment of the monthly Rent, applicable service tax thereon for continuous period of 2 (two) months and such failure continues for @ period of 30 (thirty) days after receipt of Lessor’s notice requiring payment of such Rent or outstanding amounts. 13.3 Upon such termination of the Lease. the following consequences shall follow: « For Ste Encnered Fastening eo india Pvt, Ltd, a fe Page 10 0f 14 SSS Zr 8 Director(a) From the date of such termination of the Lease, the Parties shall be relieved from all of its liabilities, duties, performances under the T.ease Deed, except as mentioned in Clause 13.3 (b) below: (6) On or prior to the expiry of the notice period, subject to the teems of the provisions of Clause 4 herein, the Lessee shall hand over the peaceful, vacant and physical possession of the Demised Property to the Lessor simultaneously with the receipt of refund of the NIRSD. 14 GENERAL 14.1 Notice Any communication/notice/lener(s) document(s) sent by one party to the other shall be in English and delivered at the address stated hereinabove or at such other address notified in writing to the other Party. The communication/ notices ete. may be sent by registered post and/or courier, however such notice must be backed with Registered A/D communication’ courier receiptisigned acknowledgement for valid service, Any change in the address shall be duly notified in writing to the other party within 7 (seven) days of such change. The failure of either party to enforce, in any one or more instances, performance of any of the terms, covenants or conditions of this Lease Deed shall not be construed as a waiver or a relinquishment of any right or claim granted or arising hereunder or of the future performance of any such term, covenant, or condition, and such failure shall in no way affect the validity of this Lease Deed or the rights and obligations of the Parties hereto. The Parties acknowledge that a waiver of any term or provision hereof may only be given by a written instrument executed by each Party hereto. Any express waiver by either Party of any default by the other Party shall not constitute waiver of any other default by the Defaulting Party or a waiver of any of the non- defaulting Party's right 14.3 Severability If any provision of this Lease Deed or part thereof is rendered void, illegal or unenforceable in any respect under any law, the validity, legality and enforceability or the remaining provisions shall not in any way be affected or impaired thereby. If any such invalidity substantially affects or alters the commercial basis of this Lease Deed, the Parties shall negotiate in good faith to amend and modify the provisions and terms of this Lease Deed as may be necessary or desicable in the circumstances to achieve, as closely as possible. the same economic or commercial effect as the original provisions and terms of this Lease Deed. For Stantey Engineered Fastenings M tH rage snaps Inia Pd Lid Ye oad SCS BibraneD Director2. appa oO R 14.4 Relationship of Parties The Parties are acting herein ay independent contractors and nothing herein contained shall create or be construed as creating a partnership, joint venture or agency relationship between any of the Parties and no Party shall have the authority to bind the other Party in any respect. 14.5 Stamp and Registration Charges All stamp duty, registration charges and other taxes and other miscellaneous expenses incidental thereto payable on the execution of this Lease Deed shall be bome equally by the Lessor and the Lessee. The Lessor will co-operate by providing all necessary locuments and other reasonable assistance to the Lessee to complete such formalities. 146 Governing Law This Lease Deed shall be construed, interpreted and applied in accordance with, and shall be governed by the Laws applicable in India, The competent Courts at Bangalore shall have the exclusive jurisdiction to entertain any dispute or suit arising out of or in relation to this Lease Deed. a NOVAS 14.7 Arbitration Any dispute or difference arising between the Parties out of or in relation to this Lease Deed including without limitation as to the validity, interpretation, termination, construction, performance and enforcement or alleged breach of this Lease Deed shall be tesolved amicably by the Parties at the first instance, Unresolved disputes, controversies, contests, disputes, if any shall be submitted to arbitration, The arbitration shall be conducted by a sole Arbitrator appointed mutually the parties in accordance with the provisions of the Arbitration and Conciliation Act, 1996 along with the Rules made there under and any amendments thereto. The arbitration shall be conducted in English. The decision/ award of the arbitrator shall be final/ conclusive and binding on the Parties, The seat of the Arbitration shall be at Bangalore. fbee 148 Entire Agreement This Lease Deed constitutes the entire agreement between the Parties and revokes and supersedes all previous agreements between the parties, if any, concerning the matters covered herein whether waitten, oral or implied. The terms and conditions of this Lease Deed shall not be changed ot modified except by written amendments duly agreed between the Parties. For Stanley Engineered Fastenings /_— India Pvt. Ltd, _/ Page 12 of 14 S38 brome N hem Director14.9 Survival The provisions of Clauses 4, 13.3, 14.1 and 14.7 and this Clause 14.9 shall survive the termination or expiry of this Lease Deed. 14.10 Indemnity ‘The shed and entire building will be insured by the Lessor and the Lessor indemnifies, the Lessee against liability whatsoever due to any accident or incident of damage/ harm to any equipment or person due to faulty’ suboptimal construetion done before the Handover Date at the said premises. It is amply clarified and stated that the Lessee ‘will not be responsible for any compensation or damage whatsoever to any person and is further entitled to seek compensation from the Lessor in case of any equipment or person is damaged or hurt due to building construction accident or related failure/ incident. The Lessor will indemnify the Lessee in the event of any restriction or usage of the Demised Property arising, out of any statutory or goverumental provisions/ actions. 14.11 Right tw retain original document Upon execution and registration of this Lease Deed, the retained by the Lessor, The Lessor shall provide a certified copy (as certitied by the office of the Sub Registrar) of the said original to the Lessee. SCHEDULE All the piece and parcel of the property of the industrially converted land vide Conversion Order ALN[EBB|SR79/20-2}dated 19/12/2020, bearing Survey No. 33/3, situated at Cheemasandra, Bangalore East Taluk, Bangalore bounded on the: East By 2 Road WestBy Survey No. 33/2 Property belongs to C.P. Nanjeppa NorthBy —: Survey No. 27 Property belongs to Manjunath and Narasimappa SouthBy : Survey No. 33/9 Property belongs to Muniramaila Land Area totaling to 1.16 acres Shed Area 121 feat width by 253 feet length. Admeasuring a total 9F 30,000 sqft. IN WITNESSES WHERE month and year first soe x *, the parties have executed this lease deed as on the date. For Stanley Engineered Fastenings Ne pp Page 13 of 14 India Pvt. Lt S50 SSrawant DirectorLagden! SIGNED, SEALED AND DELIVERED For Stanley Engineered fastenings fo India Pv. Ltd, Hh Yl [- Director Mie JAYARAMAPPA MR. RANGARAJU SIVASUBRAMANIY AN LESSOR (OWNER) (Director) LESSEE Representing STANLEY ENGINEERED FASTENING INDIA PRIVATE LIMITED A tole Na roca <. Raghowen Address: Yo CP Nanjepra. Address NO. 75, q'Pmedry Cheemra Semen virgerrogat Cs ones bee pest Bavsgelone.- S€estng| 4 OEY Eee, Witnesses: ‘Drogled by Atta. Goheasy Quvdtr - Page 14 of 14