PROPERTY TYPE : INDUSTRIAL

LOCATION : Plot no. 98, Sector-5, IMT MANESAR, Gurgaon

RENT : Rs. ……………/- (Average Annual)
STAMP DUTY : Rs. ……………/-
LEASE TENURE : …………………..
STAMP CERTIFICATE NO. : G0D2017D3137
GRN NO. / DATED : 26231578 / ………………

LEASE DEED
This LEASE DEED is executed and entered at Manesar, Gurgaon, Haryana on 01th day of
June, 2019 (Two Thousand Seventeen)

BETWEEN

M/s FORESIGHT PACKAGING LLP having its registered office at S-152, Greater Kailash-II, New
Delhi -110048 and Accounts office at 431, Phase-III, Udyog Vihar, Gurgaon through its
Authorized Partner SHRI AMAN PURI vide board resolution dated ……………. (Hereinafter
called and referred to as the “Lessor” which expression wherever context permits be deemed
to include their Successors, heirs Legal Representatives, Assigns etc.).

AND

M/s MANIFOLD E-CONNECT LIMITED having its registered office at ……………………………..

through its Director SHRI …………………….. duly authorized vide board resolution dated
……………. (Hereinafter called and referred to as the “Lessee” which expression wherever
context permits be deemed to include their Successors, heirs Legal Representatives, Assigns
etc.).

WHEREAS the Lessor has represented that they are the legal and bonafide owners and
are in lawful possession of the INDUSTRIAL building bearing Plot No. 98, Sector-5, IMT
MANESAR, Gurgaon, Haryana (hereinafter called Demised Premises) and has also
represented that they are well and sufficiently entitled to execute and enter into this Lease
Deed.

AND WHEREAS the Lessor has offered to the Lessee after mutual understanding the
complete built up Premises forming integral part of this Lease Deed for setting up a
Manufacturing Unit of ……………………………………………………. and Office for their
business and Lessee and the Lessor have duly consented for such arrangements.

AND WHEREAS the Lessor has assured the Lessee that LESSOR will liaison with HSIIDC for
lease permission in favour of the LESSEE, however the LESSEE will provide the necessary
project reports/documents needed for approval. Cost for seeking the said approvals /
permissions will be borne by the LESSOR.

LESSOR(S) Page 1 of 8 LESSEE(S)

AND WHEREAS the Lessee has approached the Lessor for taking the above mentioned built
up premises on lease for the purpose of setting up its Manufacturing Unit under the name and
style of M/s TIMELINE CONSTRUCTIONS (P) LTD, for an Initial Lease Period 5(Five) years,
and initial 19 MONTHS LOCK-IN-PERIOD shall commence from 01.06.2019, and after 19
months period, 3 months notice period if to be vacated.

NOW THIS LEASE DEED WITNESSETH AND GOVERNS THE CONTRACTUAL

RELATIONSHIP BETWEEN THE PARTIES AS FOLLOWS:

1. The Lessor on signing and getting it registered of this lease deed has handed over the
possession of the demised premises to the Lessee and the Lessee has taken over
the same, in perfect condition.

2. The said Lease Deed commenced from …………. and there will be one month fit-
out period and accordingly the rent shall commence w.e.f. ……………..

3. RENT

The Rent for Premises shall be

 Rs. 2,00,000/- (Rupees Two Lacs Only) Plus applicable rate of ServiceTax/GST per
month payable w.e.f. 01.06.2019 to 30.05.2020 in advance by PDCs

 Rs. 2,10,000/- (Rupees Two Lac Ten Thousand Only) Plus applicable rate of
ServiceTax/GST per month payable w.e.f. ……………

 ………………….

 …………………….

After Completion of Initial 19months Lock-in-Period and 3months Notice period,

the Lessee shall pay the Rent cheques in advance on Quarterly Basis, prior by
7days uptill possession including the notice period.

The rent shall be payable within 7th day of each month on advance basis. The late
payment charges will be charged @ 18% p.a. on daily basis for the period from
the date the rent becomes due till it is paid.

In case rent and other payable dues are delayed by over 10 days period, lessor
shall remind to lessee for payment by giving four days period, and after that if
lessee fails to make payment, lessee hereby unconditionally agrees and
undertake to pay rent and other payable dues along with interest immediately
failing to comply with lease stands cancelled, by notice in writing by lessor to
lessee and security forfeited/ adjusted in notice period, and/or Lock in period.

4. RENT
The rent shall be payable by Cheque/ECS/pay order. The Lease/rent shall be
payable on or before 7th of each month at par basis only after deduction of
applicable TDS. Lessee shall provide TDS (if lessee is having TAN) certificate at
the end of each Qtr of the Year shall be handed over to the Lessor.

LESSOR(S) Page 2 of 8 LESSEE(S)

 5. MAINTENANCE COST
Lessee shall be responsible for day to day cost on repairing and maintenance,
wear & tear and Maintenance and all running cost shall be borne by the Lessee
from the date of commencement of Lease e.g., in house-keeping charges,
electricity bills, maintenance charges, Water and Sewage charges Horticulture etc
payable periodically to HSIIDC to be paid by the Lessee and the Lessee shall
submit the relevant payment receipt is of paid-up bills / charges to the Lessor, as
and when paid by lessee. Premises shall be handed over back to lessor duly
repaired, maintained and with painting and polished without any pendings.
It has been agreed that during the subsistence of this deed, if there is seepage
defect in the demised premises, the Lessor shall have responsibility to get it
repaired or modified with the convenience of Lessee.

6. AGREEMENT PERIOD / LEASE TENURE

This Lease Deed is valid for a period of 5Years. It has also been agreed that in case
both the parties intend to continue for a further period, or expiry of aforesaid tenure,
they can do so with upward financial mutual consent in writing only.
LOCK-IN-PERIOD, Neither party shall be entitled to terminate the Lease Deed
before the Expiry of Lock-In-Period i.e. 19 months from the date of Commencement
of Lease Deed. Except if lessee defaults in payment of rent and other payable dues,
lessor has right to cancel the lease deed, which lessee hereby agrees.

7. NOTICE PERIOD

In case the Lessee decides to vacate the said property then the Lessee shall serve
the prior notice of 3 complete calendar months in advance to the Lessor in writing for
vacation post Lock in Period. Lessee shall pay the full rental of the whole lock in
period and notice period of 3 months i.e. 22 months period in case of vacating the
premises before the lock in period. The Lessor shall not terminate the lease deed
before the expiry of the lock in period i.e., 19 months. However the Lessor may
terminate the lease deed in case of default in payment of monthly rentals and other
payable dues continuous for a period of 30 days, However prior to such termination
the LESSOR shall give a notice to the LESSEE, if there is no progress in payment of
rent and other payable dues inspite of notice lessee authorizes the lessor to get
disconnect the electricity.

8. ADVANCE RENT & SECURITY DEPOSIT

It has been expressly agreed between the parties that the Lessee shall pay an
interest free refundable security deposit of Rs. 6,00,000/- (Rupees Six Lacs Only)
equivalent to three months rent, to the Lessor and the Lessor hereby confirm and
acknowledges the receipt of the same in the following manner : -

Amount Dated Cheque no. Drawn on

Rs. 6,00,000/- …………… …………. ………………………..

LESSOR(S) Page 3 of 8 LESSEE(S)

 The said interest free refundable security deposit shall be refundable without demur
by the Lessor to the Lessee by way of crossed cheque at the time of peaceful
vacation of the said demised premises, subject to provide NO DUES by the Lessee
in relation to Electricity department/Telephone Department HSIIDC or any other
civil/statutory body. HSIIDC and/or Lessor claims/ damages, if any.The cost of any
damages to the property / wear and tear which is abnormal in nature (normal wear &
tear will be excluded) will be deducted from the security deposit. Only normal wear
and tear will be accepted. It is also clear and understood by Lessee, any marble
piece breakages, shall be changed before handing the possession by lessee within
the lease period, at their own cost.

THAT The amount of security deposit will also change proportionately according to
the change in the rent. So, whenever the rent increases, the Security Deposit will
also increase proportionately.

9. SPACE for SINGNAGE

The Lessee shall have right to put up and display its company’s own products
signage anywhere in or out of the demised premises including but not limited to roof
top, walls, free of any rent or charges. However the Lessee shall bear all the
expenses / taxes / duties levied by any authority as may be applicable with respect to
such display of signage.

10. AMENITIES

The Lessor confirms that it has taken permanent water connection from HSIIDC
whereby it is entitled to water supply from HSIIDC for drinking and basic
sanitation needs.

That the Lessor shall provide a sanctioned electricity load upto ……….KVA

That it has been expressly agreed between the parties to this Lease Deed, that in
case HSIIDC or any other concerned authorities made it mandatory for industrial
buildings to install rooftop solar power systems, then Lessor shall have the sole
responsibility and liability to install the same at his/their own cost. However the
consumption cost and running and maintenance shall be the cost responsibility
at the cost of lessee always, and consumption of power shall be paid to lessor.

11. TAXES AND INSURANCE

Lessor shall have the responsibility and liability to pay property Municipal
taxes/current as well as the Future property taxes. However, lease related taxes
like Service Tax /GST, future taxes related to rent and other charges, water,
electricity, Sewage, Maintenance and horticulture etc charges or any other
charges present/future to HSIIDC and/or any taxes etc to state/centre Govt levied
in future shall be payable by the LESSEE.

LESSOR(S) Page 4 of 8 LESSEE(S)

 12. LAND USE/INDEMINITY/LIQUIDATED DAMAGES

12.1 The Lessor has agreed to give and the Lessee has agreed to take the demised
premises for the purpose of running their MANUFACTURING UNIT under the
name and style of M/s. TIMELINE CONSTRUCTIONS. The Lessor has assured
that this premises is completely fit for the MANUFACTURING activities (Non
pollution items only).

12.2 That the Lessor at any time during the Lease Tenure sells or transfers its rights or
interest in the said area/ covered area/demised premises as a whole or in part
thereof, then the Lessee shall have no objection to it, subject to the Lessor
making/providing the same arrangement with the prospective transferee(s) on the
same terms and conditions contained herein. The Lessor shall inform the Lessee
in advance of any such sale/Transfer.

12.3 That the LESSEE shall not sublet/under-let or parting with the possession of the
demised premises in any manner, except the possession in complete by lessee
company with present promoters only.

13. FORCE MAJEURE/ACT OF GOD

Notwithstanding anything contained in this DEED, in the event the DEMISED

PREMISES or any part thereof is destroyed or damaged or otherwise cannot be
used due to act of God, war, riot, intervention of government authority, or any
other similar event that is beyond the reasonable control of Lessee (“Force
Majeure), the lessee has the right to vacate the premises without giving three
months notice and even within the lock in period but the rent cannot be withheld
in case the Lessee chooses not to exercise this right to vacate.

14. REGISTRATION LEGAL AND OTHER CHARGES

Both the party shall bear Stamp Duty legal charges and other incidental charges
and expenses related to the registration of this Lease Deed in equal
proportionate ratio.

15. ARBITRATION & CONCILIATION

In case of any difference or dispute arising between the parties herein on any of
the terms and conditions contained herein, such deference or dispute shall be
first stage amicably settle and resolve by both lessee & lessor, respectfully and
peacefully, if not settled, and if not referred to sole arbitrator appointed by both
the parties, as per the provision of the Arbitration and Conciliation Act, 1996, as
amended thereto. The Lessor has also consented of this appointment. In case of
injustice able relief, the Courts at Gurgaon shall have the territorial jurisdiction,
and language shall be English.

LESSOR(S) Page 5 of 8 LESSEE(S)

 16. MISCELLANEOUS PROVISIONS

• Entire Deed: This deed constitutes the entire deed between the parties relating
to the services described hereinabove, and it supersedes all previous
communications, representations, or agreements, either oral or written with
respect to the subject matter hereof. No representations or statement of any kind
made by any representative of the parties, which are not stated herein, shall be
binding on the parties.

• Amendment: No addition alterations or modification of any provisions of this

deed shall not be effective unless it is in writing and signed by duly authorized
representative of both the Parties.

• It is hereby agreed that the LESSOR shall not be liable in any manner
whatsoever on account of any loss or damage of the LESSEE or its agents
due to failure, breakdown or non-availability of light, power, telephones
equipment system, plants, installations for any reason whatsoever.

• That within the Leased Premises, the LESSOR will not be liable for or in respect
of any damages or compensation payable in law in connection with or as a
consequence of any accident or injury to any person in any way connected with
the LESSEE. So also the LESSEE will be liable for or in respect of any damages
or compensation payable in law in connection with or as a consequence of any
accident or injury to any person in any way connected with the LESSOR. It is
also clear that the lessee shall maintain and comply with all labour laws.

• The Lessee shall keep the building and materials, goods, furniture, machinery
and others insured against comprehensive risk to avoid risk of theft fire and
damage to building and man-power, at their cost risk and responsibility at all
times till occupation.

• That the LESSEE shall permit, on 24 hours notice, the LESSOR and their duly
authorized agents, surveyors and workmen with all necessary appliances to
enter into the said premises at all reasonable times, for the purpose of either
viewing the condition of the said premises or for doing such work as may be
required or is necessary for repairs, alterations or improvements of the building,
water pipes, drains etc. or for enabling for LESSOR to perform any of their
covenants and conditions contained herein. The LESSOR, the agents, surveyors
and workmen shall endeavor that where there are constraints to carry out their
functions during the office hours of the LESSEE the same shall be done in such
a manner as to cause no hindrance in the functioning of the LESSEE.

• That if any notice is to be sent or given to the LESSEE under these presents it
shall be sent by registered post at the address of the said premises. Any notice to
be made or given to the LESSOR shall also be sent by registered post at the
address of the LESSOR given.

• LESSEE shall install Air Conditioners and other electrical gadgets, Machineries
and make such changes for that purpose as may be necessary without causing
damage to any permanent structure. On termination of tenancy or earlier, the
LESSEE shall be entitled to remove such equipment and fixtures however not

LESSOR(S) Page 6 of 8 LESSEE(S)

 causing any damage to the structure, and/or all fittings, fixtures, tiles marble and
other flooring and electrical, which shall be replaced/repaired during lease period.

• That the LESSEE shall use the premises for lawful activities.

17. Notice:
All notices, requests and other communications to any Parties hereunder shall
be in writing and shall has to be served at the addresses given herein, the mode
of service shall only be by the Speed-post, email and the Registered-post only.
No other mode of communications shall be recognized in any manner.

LESSOR:

M/s Foresight Packaging LLP

Mr. Aman Puri ( Partner )
# 431, Phase-3, Udyog Vihar, Gurgaon Haryana

Email ID : [email protected]
Mobile No : 9810162866
_______________________________________________________________________

LESSEE:

M/s MANIFOLD E-CONNECT LIMITE

Shri ………….. - Director
Registered Office at ………………………..

Email ID : ………………………………
Mobile No : ……………………………..

IN WITNESS WHEREOF the LESSEE and the LESSOR have signed this LEASE DEED in
the presence of the following witness:

Signed and Delivered by the within named

LESSOR

For M/s FORESIGHT PACKAGING LLP

AMAN PURI ( Partner )

LESSOR(S) Page 7 of 8 LESSEE(S)

Signed and Delivered by the within named

LESSEE

For M/s MANIFOLD E-CONNECT LIMITED

……………………. ( Director )

WITNESSES:

1. ……………………………………… 2. ……………………………………..

Name: Name :

Address: Address:

LESSOR(S) Page 8 of 8 LESSEE(S)