LEASE DEED

THIS LEASE DEED MADE AND EXECUTED AT DELHI on this, 15TH JULY, 2023.

BETWEEN

Mr. Abishek Ahuja S/o Mr. K. K. Ahuja R/o E-122A, Greater Kailash-1,New Delhi,
Owner of Flat No.1011-1012, having a super built up area of 1000 sq. ft. approx situated
at 10th Floor of Naurang House, 21 K.G. Marg , New Delhi - 110001, hereinafter
referred to as “THE LESSOR” (Which expression shall, unless it be repugnant to be
context or meaning thereof, be deemed to mean and include her legal heirs, executors,
successors and permitted assigns) of the ONE PART

AND

___________________________., a company incorporated in India and having its

Registered office at _________________________, Authorized vide Board resolution
dated ______________ hereinafter referred to as “THE LESSEE” (Which expression
shall, unless it be repugnant to be context or meaning thereof, be deemed to mean and
include its successors and permitted assigns) of the OTHER PART

WHEREAS

The LESSOR has represented and assured the LESSEE that he is the absolute owner
and in possession of the immovable property bearing Flat No.: 1011-1012, having a super
built up area of 1000 sq. ft. approx on the 10 th floor in Naurang House, 21 K.G. Marg,
New Delhi-110001., hereinafter referred to as the “DEMISED PREMISES”, and

The LESSOR represents that the Demised Premises have been constructed in
accordance with the building plans sanctioned by the NDMC; and

The LESSEE who requires the Demised Premises for its business purposes has seen
and inspected the Demised Premises and, being satisfied with the condition thereof and
the facilities available in the building NAURANG House, has approached the LESSOR to
take on rent the Demised Premises, along with right to use common area for the purpose
of ingress and egress on the terms and conditions herein contained, to be used as an
office; and
The LESSOR has agreed to give the Demised Premises on Lease to the LESSEE on the
terms and conditions herein contained, to be used as an office by the LESSEE

NOW THIS DEED OF LEASE WITNESSETH AS FOLLOWS:

1. (a) That in consideration of monthly rent, hereby reserved and the covenants and
conditions on the part of LESSEE hereinafter contained, the LESSOR hereby
gives on lease the entire area of Demised Premises, along with the right to use of
the common area for the purpose of ingress and egress, on a monthly Rent of
Rs. 90,000/- (Rupees Ninety Thousand Only) along with GST as LEASE RENT
and to have and hold the same, for a total period of 5 years commencing with
effect from 15th July 2023 to 14th July 2026 subject to covenants, conditions and
stipulations hereinafter contained. The rent of Rs 90,000/- (Rupees Ninety
Thousand Only) along with GST as applicable is for the flat no. 1011-1012. In the
event the Lessee opts to renew the Lease, the rental will be subject to automatic
increase by 15% (fifteen percent) i.e. Rs. 1,03,500/- (One Lac Three Thousand
Five Hundred Only) Per month, over and above the last rental plus GST tax, as
applicable, the above said increased rent will be applicable from 15TH JULY 2026
to 14TH JULY 2028.

(b) Interest free Security Deposit equal to 3 (Three) month’s rent i.e. Rs. 2,70,000/-
(Rupees Two Lac Seventy Thousand only) has already been given by Lessor to
Lessee. This security deposit will be refunded free of interest by the LESSOR by a
demand draft / RTGS on handing over possession of the premises by the LESSEE
after deduction of dues if any.

2. The LESSEE/LESSOR shall have the option to renew this Lease for a further
period of 3 years, provided that the rent will be enhanced by Fifteen percent (15%)
of the last rent paid, other terms & conditions remaining the same. However a
fresh Lease Deed will be executed and registered after the expiry of 3 years. The
LESSEE shall be entitled to use, enjoy the Demised Premises for its office along
with rights of LESSEE and its employees and authorized agents / guests to use
for the ingress and egress in common area with the other occupants of building
connected with the Demised Premises at all times during the terms of lease
hereby created for the purposes hereof, and entrance hall of the building and the
 Staircase and landing leading to the Demised Premises, drive way and all the lifts
as per the rules of maintenance society of all the premises in the Naurang House.
Operation of the lift will be as per timing as per the authority/society/maintenance
people. In case if any one use lifts beyond that timing which is being fixed, has to
pay the charges as per the maintenance people

3. All payments made by the LESSEE to the LESSOR under this Deed of Lease
shall be subject to
appropriate deduction of TDS (Tax Deductible at Source) as per Income Tax Act.

4. In the event that the LESSEE/LESSOR desires to vacate the Demised Premises
or terminate the lease before the expiry of lease period, then notwithstanding
anything contained herein, the LESSEE shall have the right to do so, without
assigning any reason whatsoever, but only after the initial lock-in period of 12
(Twelve months), by giving advance notice of at least three month’s or by paying
three month’s rent in lieu of the notice. If in any case LESSEE vacate the land
before lock-in period, Security Amount will be forfeited.

5. THE LESSEE FURTHER AGREES AND COVENANTS WITH THE

LESSOR AS FOLLOWS:

a) To pay the agreed monthly rent in advance for each month by 7th day of each
English Calendar months by way of Account Payee Cheque/RTGS payable at
par. In the event that the monthly rent remains unpaid for any month, or if the
cheques issued for the rent by the LESSEE, remain unpaid for any reason
whatsoever, except for failure on the part of the Lessor to deposit the cheque
at all or on the due date, then without prejudice to any claims rights, actions for
remedy which either of the parties hereto may have caused the other in respect
of any antecedent breach or non-performance of or non-observance of any of
the terms herein contained, the LESSEE shall pay
the outstanding rent immediately upon demand from the LESSOR with 18%
p.a. interest for the delay. In the event the rent is not paid for more than one
month, the LESSOR shall have the right to terminate this lease forthwith

b) LESSE to pay all electricity charges as per the electricity actually consumed in
the demised premises in accordance with the meter readings as shown in
the bills of the maintenance society or NDMC. The liability to pay such
 charges shall start with effect from the date of taking over of the possession
and all liabilities prior to the said date shall be to the account of and the
responsibility of the Lessor. In case, the Lessee requires any extra load
from NDMC during the tenancy then Lessor hereby agrees to give NOC to
Lessee for the purpose.

c) The Lessee shall have the authority to exhibit its sign boards and / or neon
signage’s at places on the exterior of the Demised Premises, in accordance
with the Rules and Bye-laws of NDMC or of any other relevant body or
authority, as the Lessee may decide without payment of any charges for the
same to the Lessor.

d) To Yield to the Lessor, upon expiry of the term of this Lease, the physical,
Vacant and peaceful possession of the Demised Premises, in the same
condition as was handed over to the Lessee subject to normal wear and tear
arising from daily use.

e) Not to assign, subject or grant license to use or part with the possession of
the Demised Premises or any part thereof without the previous written
consent of the Lessor.

f) To permit the Lessor and its respective duly authorized agents, surveyors
and workmen at all reasonable time of the day with 48 hours prior notice, to
enter upon the Demised Premises and to view the state or condition thereof
and to carry out any structural or other repairs whether to the Demised
Premises or to the remaining portion of the building or any works, acts and
thing that are necessarily required to be done.

g) LESSEE to pay directly to the Maintenance Society, the monthly building

Maintenance charges (including water charges), in proportion to the area
towards common services, passages, maintenance of sanitary conditions,
common security arrangements, fire fighting equipment’s and capital
replacement fund. In case of any increase in the maintenance charges the
same shall apply to the lessee. Such liability shall start only on taking over of
the possession of the Demised premises. The Lessor shall clear all
outstanding dues in this regard till handing over the possession to the
LESSEE.
 h) To abide by and comply with all the By-laws and Rules and conditions of the
New Delhi Municipal Corporation, The Delhi Development Authority and all
other orders, directions and notifications issued by the said authorities or by
any other local body or Government Authorities, in so far as they are required
to be observed by the Lessee. All obligations of the Lessor under the
aforesaid laws shall be complied with by the Lessor at its own cost.

i) LESSEE Not to make or permit to be made any structural alterations or

additions to the Demised Premises without the previous written consent of
the Lessor and the local or any other authority whose permission is required;
provided however that the Lessee shall have the right to install and set up
such office equipment, power meters etc. as may as reasonably required by
the Lessee to be used in the Demised Premises for designated use, but in
accordance with all local laws.

6. THE LESSOR HEREBY AGREES AND COVENANT WITH THE

LESSEE AS FOLLOWS:

a) That the Lessor hereby assures, represents and warrants that he being legal
Owner has absolute authority, good title and right to grant this lease in
respect of the Demised Premises and shall hold the Lessee free and
harmless of any demands, claims, actions or proceedings arising out of (a)
any claim in respect of title and or possession of the Demised Premises, (b)
any claim from any authorities, and (c) any third party claim upon the Lessee
by reason of being in possession of the Demised Premises during the term of
this agreement, arising out of the title to the Demised Premises.

b) To allow the Lessee to peacefully hold and enjoy the Demised Premises
During the said term without interruption by the Lessor or any person or
persons lawfully claiming through under or in trust for them.

c) That the Lessor shall be liable to pay all existing and future liabilities on
Account of Municipal Taxes, Ground Rent, House Tax, imposed by the
NDMC and other rates and taxes payable in respect of the Demised
Premises. The Lessee shall not be liable for any tax, levies, cess, fines or
penalties in respect of the land or of the building including the Demised
 Premises on account of any act or omission of the Lessor till taking over the
Possesion of the demised premises.

d) To return the interest free Security Deposit by a demand draft against the
Safe delivery and vacant possession of the said Demised Premises in good
order and condition to the reasonable satisfaction of the Lessor immediately
upon the expiry or sooner termination of the Lease, failing which the Lessor
is liable to pay interest on the Security Deposit at the rate of 18% per annum
to the lessee. In case the Lessor does not return the interest free security
deposit to the lessee on its willing to surrender the safe delivery and vacant
possession of the said Demised Premises, the Lessee shall be entitled to
continue in possession of the Demised Premises without payment of rent and
any other charges.

7. PROVIDED AND IT IS HEREBY AGREED BY AND BETWEEN THE

LESSOR AND LESSEE AS FOLLOWS:

a) In case of breach of any of the terms by either party of this deed of Lease, the
other party shall have the right to call upon the defaulting party to remedy the
breach within thirty days in writing specifying the breach made by the
defaulting party and in case the defaulting party fails, neglects or refuses to
remedy the breach then the other party shall be entitled to terminate the
Lease by giving one month notice not withstanding that the term of Lease has
not expired. Failure, negligence and refusal contemplated by this clause shall
be construed as willful failure, negligence and refusal subject to clause 5 (a)
above. In event of such right being exercised by Lessor, the notice shall be
accompanied by the Security Deposit after deducting the legitimate dues.

b) That the Lessee paying the rent hereby reserved and performing the several
Covenants and stipulations herein before on its part contained shall
peacefully hold and enjoy the Demised Premises during the said terms
without any disturbance and / or interruption by the Lessor and / or any
person lawfully claiming under the Lessor. For this purpose the Lessee and
their directors, employees, servants, agents and visitors shall at all time have
free ingress to and egress from the Demised Premises.
c) That if during the terms of this Lease, the Demised Premises is rendered
unusable on account of the earthquake, fire or sealing of the Demised
Premises for any reasons whatsoever by the authority, on account of violence
due to war or civil commotion or fire accident, storm, tempest, flood,
earthquake or any inevitable accident or any other irresistible force or an act
of God, the Lessee/Lessor shall have the right to vacate the Demised
Premises without giving notice with a right to re-enter the Demised Premises
for the un-expired lease period after the Demised Premises have been
restored to usable conditions. The monthly rent shall remain suspended for
the period the Demised Premises remains sealed and unusable only if its the
fault of the LESSOR. If it sealed/unused by the Lessee then Lessee will be
responsible for his or her own act and the Lessee will continue in paying the
rent.Further, no monthly rent shall accrue during the Period the demised
Premises were vacated due to the aforesaid reasons. However, if for any
reason whatsoever (a) the Lessee chooses not to exercise its right of re-entry
in the Demises Premises, and or (b) the Demises Premises are rendered
permanently unfit for use, then in such event the Lessee/Lessor shall be at
liberty, without prejudice to its rights under any provisions of this Agreement,
to determine this Agreement by thirty days notice in writing and thereupon this
agreement shall be absolutely determined without prejudice to any claim by
either party against the other in respect of any breach of the terms and
conditions of this Agreement.

d) That if the Lessor at any time during the period of this Lease transfer or is
dispossessed of its rights in the Demised Premises as a whole or in any part
or parts thereof to any one person or more than one person, then in that event
the Lessee shall attorn to such transfers on same terms and conditions as are
contained herein. However a letter shall be issued by the prospective new
Lessor in Favour of the Lessee confirming the terms of above lease
agreement.

e) That any notice required to be served upon the Lessee under these present
shall be sufficiently served and given if sent by Registered A/D post at the
offices of the Lessee or such other address as may be later communicated by
the Lessee for the purpose. Any notice which may be required to be served
upon the Lessor shall be sufficiently served if delivered to it by Registered A/D
 post at the address given in the preamble hereof or such other address as
may be later communicated by the Lessor for the Purpose. Any Changes in
address of either of the parties will be communicated to the other party as the
case may be Registered A/D post.

f) Notwithstanding the termination of this Agreement for any reason whatsoever

all amounts due and payable by the Parties to each other under this
agreement shall be repaid in full.

g) The cost of stamping and registration of this document will be paid by both
LESSOR and LESSEE equally.

8. This agreement executed with efforts of M/s Surya Associates, 512-A, Ansal
Bhawan, KG Marg, New Delhi- 110001

IN WITNESS WHEREOF the parties hereto have executed these presents on

the day, months and year above written, in presence of the following
witnesses:

WITNESSESS: LESSOR
1.

Mr. Abishek Ahuja

2. LESSEE