Sunday, November 12, 2023

DEED OF LEASE

 

 

DEED OF LEASE

 

THIS INDENTURE OF LEASE is made on the      day of July, 2023 (Two Thousand Twenty Three) of the Christian era;

 

 

 

 

 

 

B E T W E E N

 

SMT. TAPATI MUKHERJEE (PAN : DUSPM5137D) ( AADHAR :  967145772377), Wife of Late Dipankar Mukherjee, residing at Premises being no. 3/97, Bibeknagar, Post Office Santoshpur, Police Station – Garfa, Kolkata – 700075, for the purpose of brevity hereinafter referred to as the “LESSOR” (which expression shall unless excluded by or repugnant to the subject or context be deemed to mean and include her heirs, executors, administrators, representatives, nominees and/or assigns) of the FIRST PART.

 

A  N  D

 

MUKTACHINTA, (PAN : AAITM6821F) a Trust in terms of The Indian Trust Act, 1882, with Object to promote science and technology to improve life and working condition of common people, to popularize science through demonstration program, book publication and digital publication, social media campaign etc. against superstation and astrology, etc. as envisaged in Deed of Public Charitable Trust, which registered in Book No. IV, Volume number 1901-2023, Pages from 4340 to 4368 Being No. 190100153 for the year 2023, registered in the Office of the Additional Registrar of Assurance – I, Kolkata, West Bengal, having it’s Office at Premises being No. L/1/2, Vidyasagar Colony, P.O. – Naktala, Police Station – Netajinagar, Kolkata – 700047, represented by a Trustee SRI UJJAL MAJEE, (PAN : AESPM6050Q) (AADHAR : 390219630906), residing at Premises being no. 1A, Alochhaya Apartment, 79, Rishi Rajnarayan Road, Purbasha Complex, Badamtala, Brahmpur, Police Station – Bansdroni, Post Office – Brahmapur, Kolkata – 700096, District South 24 Parganas, hereinafter called and referred to as the “LESSEE” (which terms or expression shall unless excluded by or repugnant to the context or subject be deemed to mean and include its Trustee, executors, administrators, legal representatives, nominees and/or assigns) of the SECOND PART.

 

        WHEREAS the party of the First Part is the owner of the self-contained residential without lift a flat of 216 sq. feet carpet area measuring 18"x 12" along with a W/T and a Kitchen at ground floor just after the shops of the building premises from 50% share of the Developer's Allocation which build up on the land measuring about 3 (three) cottahs 2 (two) chittaks 30 (thirty) square feet be the same a little more or less lying and situate at Mouza-Raipur under C S Dag No.877(P) & 878(P), being KMC premises no. L/1/2 Vidyasagar Colony and Assesse No. 23-099-05-0437-4 PS: Netaji Nagar under KMC ward no. 99, together with common areas, amenities, including all fixture and fittings to the said building mentionein the land measuring an area of 03 (three) Cottahs, 2 (two) Chittaks, 30 (thirty) Square feet, in C.S. Plot No. 877(P), 878(P), J.L. no. 33, Moua – Roypur, lying and situated at K.M.C. Premises No. L/1/2, Vidyasagar Colony, Post Office – Naktala, K.M.C. Ward no. 099, Assessee No. 23-099-05-0437-4, Police Station – previously Jadavpur, presently Netaji Nagar, Kolkata – 700047, District : South 24 Parganas, which has been purchased by way of Deed of Conveyance dated _____2023, which registered in the Office of the ADSR, Alipore, South 24 Parganas, registered in Book No. I, Volume Number __________, Pages from _____to ______, Being Number __________, for the year 2023.

 

        AND WHEREAS the party of the SECOND PART, the “LESSEE” is a Trust in terms of The Indian Trust Act, 1882, with Object to promote science and technology to improve life and working condition of common people, to popularize science through demonstration program, book publication and digital publication, social media campaign etc. against superstation and astrology, etc. as envisaged in Deed of Public Charitable Trust, which registered in Book No. IV, Volume number 1901-2023, Pages from 4340 to 4368 Being No. 190100153 for the year 2023, registered in the Office of the Additional Registrar of Assurance – I, Kolkata, West Bengal, having it’s Office at Premises being No. L/1/2, Vidyasagar Colony, P.O. – Naktala, Police Station – Netajinagar, Kolkata – 700047, represented by a Trustee SRI UJJAL MAJEE, (PAN : AESPM6050Q) (AADHAR : 390219630906), residing at Premises being no. 1A, Alochhaya Apartment, 79, Rishi Rajnarayan Road, Purbasha Complex, Badamtala, Brahmpur, Police Station – Bansdroni, Post Office – Brahmapur, Kolkata – 700096, District South 24 Parganas,

 

        AND WHEREAS the Lessee is interested in obtaining premises from the Lessor on lease basis, inter alia, for the purpose of promoting its objects to the public at large on facilitating the schedule premises. The Lessor has represented to the Lessee that she is the absolute and bonafide owner, has a clear and marketable title and is legally entitled to lease out the the self-contained residential without lift a flat of 216 sq. feet carpet area measuring 18"x 12" along with a W/T and a Kitchen at ground floor just after the shops of the building premises from 50% share of the Developer's Allocation which build up on the land measuring about 3 (three) cottahs 2 (two) chittaks 30 (thirty) square feet be the same a little more or less lying and situate at Mouza-Raipur under C S Dag No.877(P) & 878(P), being KMC premises no. L/1/2 Vidyasagar Colony and Assesse No. 23-099-05-0437-4 PS: Netaji Nagar under KMC ward no. 99, together with common areas, amenities, including all fixture and fittings to the said building mentionein the land measuring an area of 03 (three) Cottahs, 2 (two) Chittaks, 30 (thirty) Square feet, in C.S. Plot No. 877(P), 878(P), J.L. no. 33, Moua – Roypur, lying and situated at K.M.C. Premises No. L/1/2, Vidyasagar Colony, Post Office – Naktala, K.M.C. Ward no. 099, Assessee No. 23-099-05-0437-4, Police Station – previously Jadavpur, presently Netaji Nagar, Kolkata – 700047, District : South 24 Parganas, (“Demised Premises”), more particularly described in the Schedule “B”. Based on the written as well as oral representations, assurances and warranties of the Lessor, the Lessee has accepted to take on lease the Demised Premises together with all rights, easements and appurtenances attached thereto, including the right to use the common areas and facilities etc., along with the right of ingress and egress to all common areas, and the Lessor has agreed to give on lease the Demised Premises as per detailed terms and conditions as contained in this Lease Deed.

 

NOW THIS LEASE DEED WITNESSTH AND IT IS HEREBY AGREED BY AND BETWEEN THE PARTIES HERETO AS FOLLOWS:

 

1. LEASE

 

1.1       The Lessor hereby grants to the Lessee and the Lessee hereby accepts on lease from the Lessor, the Demised Premises for carrying on its Public Charitable objects or such other activities as it may deem fit, without any hindrance by the Lessor.

 

1.2       The Lessor has handed over the physical vacant peaceful possession of and granted access to the Demised Premises to the Lessee simultaneously on the signing of this Lease Deed and the Lessee may immediately commence and carry out all types of Social permissible activities and promotion of Science, etc., in the Demised Premises as per its sole discretion and requirements from time to time.

 

2. TERM

 

This Lease Deed is for a period of 30 (Thirty) years commencing from 31.07.2023 to 31.07.2053 (“Term”). Any renewal, after the expiry of the Term, shall be with the mutual consent of the Parties. At each renewal, a fresh lease deed shall be executed, stamped and registered, on such terms and conditions as mutually agreeable to both the Parties.

 

3. RENT

 

3.1 In consideration of the Lessor granting on lease the Demised Premises to the Lessee, the Lessee has agreed to pay the Lessor a monthly rent of Rs.50/- (Rupees Fifty only) (“Rent”), commencing from 31.07.2023. The period from 31.07.2023 to 31.12.2023, shall be Rent free period. The Rent shall be increased by 10 % at the expiry of every 5 (Five) years, over the last paid Rent. The Rent shall be payable monthly in advance by the 10th day of each English calendar month vide Cheque/Demand Draft/Bank Transfer in favour of the Lessor. The Rent shall be payable in the name of “TAPATI MUKHERJEE” subject to tax deductible at source, if applicable under the Law. The Rent would be inclusive of all present and future taxes, including property taxes, municipal taxes or any other statutory taxes that may be levied by the State / Central Government. Further, the Lessor shall furnish to the Lessee, the receipts towards the payment of Rent. The Lessor agrees and undertakes to complete all the registration formalities simultaneously with the execution of this Lease Deed and in any case within 30 days from the date of execution failing which the Lessee shall be entitled to withhold the Rent till the Lease Deed is registered and this will not amount to breach of Rent payment obligation of the Lessee.

 

3.2 Any claim pertaining to non-receipt of Rent and/or loss of instrument/TDS certificate has to be lodged by the Lessor within 6 months from the end of the quarter in which the obligation was due to be discharged by the Lessee. The Lessee shall not be held responsible by the Lessor for any claim made by the Lessor beyond this period.

 

 

 

4. COVENANTS OF THE LESSOR

 

The Lessor covenants with the Lessee as follows:

 

4.1 The Lessor hereby permits the Lessee to promote the objects of Public Charitable Trust and Promotion of Science.

 

4.2 The Lessor expressly grants the Lessee the permission to lease/rent/grant the promotion of Science and entities (“Associates”) and to enter into an agreements with the Associates, who shall provide or intend to provide promotion of Science services. Further, the Associates shall be entitled to use in the Demised Premises. For the limited purposes of this Lease Deed, all such Science promotion etc. shall be deemed to be the Public Charitable Trust of the Lessee. No additional permission shall be required nor any objection shall be raised by the Lessor, at any point of time, for the above purpose, nor shall the Lessee or the Associates be liable to pay any additional compensation/ fees or other charges whatsoever. In the event, the use of the Demised Premises by the Associates, is considered to be a sub-lease, by any interpretation of law, then the permission of the Lessor to create such a sub-lease shall be deemed to have been given in express and explicit terms and the Lessee shall not be required to seek any further consent from the Lessor. The Lessor shall have no objection for the transfer of the leasehold rights of the Lessee on account of the Lessee’s merger, amalgamation, takeover, re-structuring or any other re-arrangement, and the terms of this Lease Deed shall continue.

 

4.3 The Lessor hereby grants unconditional and unrestricted permission to the Lessee, Associates to whom the Lessee has permitted to use the Science promotion, its members, trustee, and to its associates etc. (“Lessee’s Representatives”) to engage the services of Office Bearers, Professors, Scientists, employees, authorized personnel, security guards, caretakers and other service providers etc., (“Third Party”) to promote the Science in Society at Public at Large, that may be required from time to time at their own expense and cost. The Lessor hereby provides unhindered ingress and egress, to the Lessee, Lessee’s Representatives and Third Party Services, who shall be entitled to visit with Research Work, thesis, notes, articles, etc. and to use the same on the Demised Premises. The Lessor has also permitted the Lessee and Lessee’s Representatives to display logos, signage, glow signs, hoardings etc. on the Demised Premises at no extra cost whatsoever. The Lessee shall have the option to assign this Lease Deed in favor of any of its holding/ subsidiary/affiliates/sister concerns, Trust, Scientist, etc. on the same terms without the consent of the Lessor.

 

4. 4 The Lessee shall be entitled to an uninterrupted, unobstructed and unhindered access to and peaceful enjoyment of the Demised Premises, 24 (twenty four) hours a day, 7 (seven) days a week, throughout the Term of the Lease Deed. Notwithstanding anything to the contrary contained herein, if there is any interruption or disturbance in the peaceful enjoyment of the Demised Premises for any reason whatsoever, no Rent or any other outgoings shall be payable by the Lessee to the Lessor for the period of interruption or disturbance.

 

4.5 In case the Lessor or any third party, causes any hindrance or restriction or objects to the entry of the Lessee or Lessee’s Representatives, or in case of any dispute with other occupants/ residents of the Building/premises or neighbourhood, the Lessee shall intimate the Lessor about the same and the Lessor shall immediately remove or cause to be removed all such obstructions, hindrance, interference, failing which the Lessor shall be liable to pay losses on actuals, if any, suffered by the Lessee or Lessee’s Representatives. Further, in the event, any consent is required from any neighbour or any other occupant of the Building or the Residents’ Welfare Association, then the same shall be promptly obtained by the Lessor at its own cost.

 

4.6 The Lessor shall extend all co-operation and facilities to the Lessee and to do all that is necessary to facilitate the Lessee in obtaining all clearances/certificates/permissions/ sanctions as may be required from all statutory, government and municipal authorities, from time to time. In case the Lessor is required to appear before any authority for obtaining any permission, sanction, NOC etc., he shall appear as may be necessary, upon intimation being given by the Lessee and shall give required NOC whenever so requested by the Lessee.

 

4.7 If any renovation, repair, construction etc. is required to be carried out by the Lessor on or around the Demised Premises, the Lessor shall serve a notice in writing at least 30 (thirty) days prior to such commencement, to the Lessee. The Lessor and the Lessee shall in good faith discuss and agree on the measures to be taken by the Lessor for the protection. The Lessor shall, at all times, ensure that any such repair, maintenance or renovation etc. does not disrupt or damage in any manner whatsoever. The Lessor shall not ask the Lessee to shift or relocate to any other place. The Lessee shall be entitled to post its own security guard(s) at such place, in or around the Demised Premises, as may be necessary.

 

4.8 The Lessee shall not be liable to pay any Rent in the event, the Demised Premises, or any portion thereof becomes unusable due to Force Majeure (defined hereinafter), or due to any action/order of any court or tribunal and act of third party. Further, the Lessor shall ensure that no hindrance is caused for any reason whatsoever during the construction of the cell site and thereafter during the continuance of the lease including uninterrupted, unobstructed and unhindered access to the Demised Premises at all times to the Lessee/ Lessee’s Representatives etc., however, in case of any default on part of the Lessor to adhere to any of the above conditions, the Lessee shall not be obliged to pay any Rent for the such period the said default exists.

 

4.9 The Lessor shall indemnify and keep indemnified the Lessee and Lessee’s Representatives from and against any and all claims, demands causes of action, obligation, litigation, liability, loss, damage, cost and expenses incurred or sustained by reason of or arising out of (i) any breach or alleged breach by the Lessor of terms of this Lease Deed; or (ii) due to any action or negligence on the part of the Lessor; or (iii) violation by the Lessor of any statute, law, rule, bye law, notification or direction issued by Central, State or Local Authorities.

 

4.10 The Lessor shall bear all taxes past, present and future, including property taxes, fees and other Government or statutory levies in relation to the Demised Premises, failing which, the Lessee shall be entitled to pay such amount and to deduct the same from the Rent and shall furnish proof of such payment to the Lessor. The Lessor shall keep the Demised Premises adequately insured at its own cost. If any of the Party fails to take insurance of their own premises/ assets or equipment then it will not hold the other Party responsible for any loss or damage suffered due to such non-insurance.

 

5. COVENANTS OF THE LESSEE

The Lessee covenants with the Lessor as follows:

 

5.1 To pay to the Lessor the monthly Rent, as per the terms of this Lease Deed. The Lessee shall also pay the charges for electricity and water, consumed/availed in the Demised Premises, based on actuals. The Lessor shall provide separate electric meters for the purposes of the Lessee. The Lessee may apply for, obtain and install its requirement of power directly from the concerned electricity authorities in its name or in the name of any nominee. The Lessor shall for the aforesaid purpose allow the employees/worker of the concerned electricity authorities or any other agency to carry out the work of installation of the electric meters or any other necessary equipment. For this purpose the Lessor shall provide required NOC’s etc., sign all papers and provide all other assistance required.

 

5.2 To clear all dues including electricity dues, water dues, which are payable by the Lessee under this Lease Deed before handing over the vacant and peaceful possession of the Demised Premises to the Lessor.

 

5.3 In the event, the Demised Premises is attached due to non-payment of any dues by the Lessor, then the Lessee shall be entitled to pay the Rent to the concerned government authority, which shall be regarded as the compliance under this Lease Deed, and the Lessee shall not be liable to pay the Rent to the Lessor.

 

6. REPRESENTATIONS AND WARRANTIES

 

The Lessor represents and warrants as follows:

 

6.1 There is no impediment/s whereby the Lessor is restrained from entering into / performing its obligations under this Lease Deed. The Lessor represents that she is the legal, rightful and absolute owner of the Demised Premises and is fully authorized and entitled to enter into this Lease Deed and grant the Demised Premises on lease to the Lessee.

 

6.2 The Demised Premises are free from all restrictive covenants, lispendens, acquisition and requisition proceedings, minor’s claims, mortgage, lien, charge, or claims or encumbrances of any other nature whatsoever.

 

6.3 The Lessor shall provide all necessary documents and extend all necessary co-operations, assistance as required by the Lessee from time to time to obtain licenses from the concerned authorities to operate the social activities from the Demised Premises. The Lessor further represents that all necessary permissions/sanctions / approvals from the concerned authorities have been obtained for the Demised Premises, and that the Demised Premises is not prohibited from being used as per the requirement of the Lessee, and the Lessor further agree to indemnify and keep indemnified the Lessee, its trustee, employees, agents etc., against all actions, claims, demands, proceedings, expenses, damages, recoveries, judgments, costs, charges etc. by reason of any action or proceedings, commenced or instituted in respect of Demised Premises, which may render the occupation of the Demised Premises by the Lessee for the purposes of it's social activities as aforesaid as unlawful and as a consequence of which the Lessee may be compelled to vacate the Demised Premises during the Term of the Lease Deed.

 

6.4 The Lessor has and shall continue to comply with all laws, bylaws, rules, regulations, orders, notifications, directions, conditions of the Government whether Central, State, Local or Municipal with respect to the said Demised Premises during the Term of this Lease Deed.

 

6.5 All taxes with respect to the Demised Premises have been paid by the Lessor, till date and the Lessor does not have any liability for any past/accumulated taxes, or any interest or penalty in respect thereof, of any nature that may be assessed against Lessee or become a lien against the Demised Premises.

 

6.6 In case where Lessee incurs any loss due to misrepresentation by the Lessor in mainly any of the above representations and warranties, the Lessor shall indemnify and will always keep indemnified the Lessee, its trustee, employees, agents etc., against all costs of shifting, replacement and relocation etc. to any other similar premises and any other cost, loss or damage.

 

The Lessee makes the following representations and warranties:

 

6.7 The Lessee is an entity duly incorporated and validly existing in accordance with the laws of India and has full authority to enter into this Lease Deed.

 

6.8 The execution of this Lease Deed is not prohibited by its constituent documents nor will its execution contravene provisions of any applicable law or agreement or document to which it is a party.

 

7. RESTRICTION ON TRANSFER

 

It is hereby agreed between the Parties as follows:

 

7.1 The Lessor shall not transfer, directly or indirectly the Demised Premises in favour of any competitor of the Lessee engaged in providing Science promotional services similar to that of Lessee.

 

7.2 In the event the Lessor mortgages/transfers/conveys all or any portion of the Demised Premises, or the Land/Building thereof, to a third party and/or the Demised Premises and/or any portion thereof gets conveyed/transferred by contract, operation of law and/or by order of any court/authority, or any other obligation of the Lessor, to a third party such transfer/conveyance shall be subject to this Lease Deed and shall recognize and accept the right(s) of the Lessee and upon the transfer/conveyance having been completed, the transferee shall step into the shoes of the Lessor and all the rights and liabilities of the Lessor shall automatically devolve on the transferee. The terms and conditions of this Lease Deed shall remain valid and enforceable with such third party. Such clause shall be incorporated in sale/conveyance deed, etc. between the Lessor and said third party. Further, all deposits made by the Lessee to the Lessor under this Lease Deed, shall be deemed to be the deposits made to such transferee of the Demised Premises. The Lessor hereby assures the Lessee that before effecting any transfer of the Demised Premises or any part thereof to a third person, they shall procure from such transferee a letter of confirmation and acknowledgement, confirming the transferee’s acceptance of the terms and conditions of this Lease Deed and also its taking over all the rights and obligations of the Lessor as stated in this Lease Deed. However, the Lessor shall not transfer the property for a period of 5 (five) years, without the prior written consent of the Lessee.

 

8. FORCE MAJEURE

 

8.1 If at any time during the Term of the Lease Deed, the Demised Premises is destroyed or damaged by acts of god, tempest, flood, earthquake or any other means like fire or riot, civil or military action, war, caused not due to any acts of commission, omission or negligence of the Lessee (“Force Majeure”), so as to become unfit for occupation or use, the Lessor hereby undertakes to carry out the necessary repairs within 15 days of the occurrence, and no Rent and other outgoings shall be paid until the Demised Premises shall have again been rendered fit for occupation. Additionally, the Lessee shall have the option to terminate this Lease Deed by giving a 15 (fifteen) days written notice.

 

8.2 Neither Party shall be liable to the other Party for failure to perform its obligations hereunder due to the occurrence of any event beyond the control of such Party and affecting its performance including, without limitation, governmental regulations, orders, administrative requests, rulings or orders of Government Authority of India , judicial orders and Force Majeure.

 

9. TERMINATION

 

9.1 The Lessee shall have the right to terminate this Lease Deed in the event the Lessor commits a material breach of any of the terms and conditions, its representations, warranties and covenants of this Lease Deed and fails to remedy the breach within 30 (thirty) days after receipt of the Lessee’s written notice in respect thereof.

 

9.2 The Lessee may, at any time after giving 1 (one) months' notice, terminate this Lease Deed without assigning any reasons, notwithstanding anything to the contrary contained herein.

 

9.3 In the event, the Lessee fails to pay to the Lessor, the Rent, consecutively for a period of 3 (three) months, then the Lessor shall be entitled to terminate this Lease Deed, after providing a notice of 30 (thirty) days to the Lessee and the Lessee failing to cure the breach within said 30 days. Except for the aforesaid reason, the Lessor does not have any right to terminate this Lease Deed in any circumstances whatsoever.

 

9.4 The Lessee shall handover the physical possession of the Demised Premises to the Lessor on the expiry or earlier termination of this Lease Deed as contemplated in this Lease Deed, subject to normal wear and tear. The provisions of this clause shall survive the expiry or the earlier termination of this Lease Deed.

 

10. GENERAL CLAUSES

 

10.1 NOTICE

Any notice or communication with reference to this Lease Deed unless otherwise specified herein, shall be deemed to be validly sent if dispatched by registered post acknowledgement due to the other Party at the following respective addresses:-

 

If made to Lessee:

MUKTACHINTA

L/1/2, Vidysagar Colony, Post Office – Naktala,

Police Station – Netaji Nagar, Kolkata – 700047.

 

If made to the Lessor:

SMT. TAPATI MUKHERJEE,

Wife of Late Dipankar Mukherjee,

3/97, Bibeknagar, Kolkata - 700075.

 

10.2 WAIVER

 

The failure of either party to enforce at any time any of the provision of this Lease Deed shall not be considered to be waiver of the right of such Party thereafter to enforce each and every such provision. Waiver, if any, shall be in writing, signed by the then duly authorized signatory of the concerned Party.

 

10.3 SEVERABILITY

 

If any provision of this Lease Deed is determined to be void or unenforceable under any law applicable for the time being, such provisions shall be deemed amended or modified or deleted in so far as is reasonably inconsistent with the provisions of this Lease Deed and to the extent necessary to conform to applicable law and the remaining provisions of this Lease Deed shall remain valid and enforceable in accordance with these terms.

 

10.4 ENTIRE AGREEMENT

 

This Lease Deed constitutes the entire agreement between the Parties and revokes and supersedes all previous discussions/correspondence and arrangements/agreements between the Parties, if any, concerning the matters covered herein whether written, oral or implied. This Lease Deed shall not be changed or modified, except by amendment(s) in writing duly agreed to and executed by both the Parties hereto.

 

 

10.5 JURISDICTION

 

This Lease Deed shall be construed in accordance with applicable laws of India and any dispute arising from the subject matter of this Lease Deed shall be adjudicated only in the Court of competent jurisdiction at Kolkata.

 

10.6 ARBITRATION

 

Any dispute or difference whatsoever arising between the Lessor and the Lessee out of or relating to the construction, meaning, scope, operation or effect of this Lease Deed or the validity or the breach thereof shall be settled by arbitration, by a sole arbitrator to be appointed and nominated by the Lessee, in accordance with the Arbitration and Conciliation Act, 1996 and the award made in pursuance thereof shall be binding on the Parties. The venue of arbitration proceedings shall be Kolkata.

 

10.7 LOANS

 

The Lessor hereby permits the Lessee to procure loans/financial assistance from third party or financial institution, banks etc., from time to time by creating pledge and hypothecation over all or any of the movable property at the Demised Premises. Further, it is expressly agreed between the Parties that the Lessor shall not have any claim, lien or charge on the Equipment, either for Rent, arrears, fees, compensation or otherwise.

 

10.8 INTERPRETATION

 

In this Lease Deed, unless the context otherwise requires any references to words importing singular shall include the plural and vice versa, words importing a gender include every gender and references to persons include bodies corporate and firms.

 

10.9 STAMP DUTY

 

The stamp duty, registration charges and incidental charges thereto in respect of this Lease Deed and all other documents that may be executed pursuant to this Lease Deed shall be borne by the Lessor and Lessee in equal ratio. The Lessor hereby authorizes the Lessee to adjust the above stated Lessor’s share in respect of stamp duty, registration charges and incidental charges from the Rent payable to the Lessor. The Lessor also undertakes that if the Lease Deed is terminated for any reason what so ever, prior to above mentioned adjustment of the dues then such unadjusted amount will be paid by the Lessor before taking the physical possession of the Demised Premises back from Lessee.

 

10.10 AGREEMENT IN COUNTERPARTS

 

This Lease Deed may be signed in any number of counterparts, each of which is an original and all of which, taken together, constitutes one and the same instrument.

 

SCHEDULE “A”

FIRST SCHEDULE REFERRED TO ABOVE

 

ALL THAT piece and parcel of land measuring an area of 03 (three) Cottahs, 2 (two) Chittaks, 30 (thirty) Square feet, in C.S. Plot No. 877(P), 878(P), J.L. no. 33, Moua – Roypur, lying and situated at K.M.C. Premises No. L/1/2, Vidyasagar Colony, Post Office – Naktala, K.M.C. Ward no. 099, Assessee No. 23-099-05-0437-4, Police Station – previously Jadavpur, presently Netaji Nagar, Kolkata – 700047, District : South 24 Parganas, butted and bounded by;

 

ON THE NORTH          : By Road; 

ON THE SOUTH          : By Tank; 

ON THE EAST            : By E.P. No.1; 

ON THE WEST           : By E.P. No. 2; 

 

 

SCHEDULE “B”

SECOND SCHEDULE above referred to:

(Description of the Demised Premises)

 

ALL THAT one self-contained residential without lift a flat of 216 sq. feet carpet area measuring 18"x 12" along with a W/T and a Kitchen at ground floor just after the shops of the building premises from 50% share of the Developer's Allocation which build up on the land measuring about 3 (three) cottahs 2 (two) chittaks 30 (thirty) square feet be the same a little more or less lying and situate at Mouza-Raipur under C S Dag No.877(P) & 878(P), being KMC premises no. L/1/2 Vidyasagar Colony and Assesse No. 23-099-05-0437-4 PS: Netaji Nagar under KMC ward no. 99, together with common areas, amenities, including all fixture and fittings to the said building mentionein the SCHEDULE-“A” hereinabove having common rights of the common paths and common amenities of the said building together with undivided proportionate share of land and with right of enjoyment of common areas including roof and proportionate land underneath the unit at the said premises.

 

IN WITNESS WHEREOF the Parties hereto have signed this Lease Deed through their duly authorized representatives at the place and on the day, month and year first above written.

 

SIGNED, SEALED AND DELIVERED BY SIGNED, SEALED AND DELIVERED BY

 

 

 

 

For MUKTACHINTA

LESSOR

 

 

 

 

SMT. TAPATI MUKHERJEE

LESSEE

 

 

 

 

In the presence of WITNESS:

       

               

1.    

 

 

 

2.

 

 

 

Drafted & Prepared in my Chamber;

 

 

Ashok Kumar Singh, Advocate.

High Court Bar Association Room No. 15,

High Court at Calcutta,

Mobile Number : +91 9883070666 / 9836829666

Email : aksinghadvocate@rediffmail.com

LEASE DEED

 

 

 

IN-1279963 (Lahadungri)

 

LEASE DEED

 

THIS LEASE DEED (“Lease Deed”) is made at Purulia on this ____ day of ___________, 2016

 

BY AND BETWEEN

 

JITULAL SOREN @ JITULAL SAREN, Son of- Late Madan Soren, by caste Hindu, residing at Village- Lahadungri, Post office- Ayodhya, Police station- Baghmundi, Pin- 723152, District- Purulia, West Bengal, hereinafter referred to as “Lessor”, (which term or expression shall unless otherwise excluded by or repugnant to the subject or context hereof be deemed to mean and include his agents, permitted assigns, representatives, legal heirs, successors etc.) of the ONE PART;

AND

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INDUS TOWERS LIMITED, a company incorporated under the Companies Act, 1956 having its circle office at Unit 501, 5th Floor, Block “3A”, Plot No II/F/II, Ambuja Eco Space, New Town, Rajarhat, Kolkata – 700156, West Bengal and registered office at Bharti Crescent, 1, Nelson Mandela Road,Vasant Kunj, Phase – II, New Delhi – 110070, represented by it’s authorized person Shri Pradip Kumar Mondal, Son of Shri Amiya Kumar Mondal, of 3/A, M.M. Dutta Road, Kolkata – 700 137, P.O. & P.S. Budge Budge, District – South 24 Parganas,  hereinafter referred to as the “Lessee”, (which term or expression shall unless otherwise excluded by or repugnant to the subject or context hereof be deemed to mean and include its agents, permitted assigns, representatives, successors, group companies, subsidiaries and associates), of the OTHER PART. The Lessor and Lessee are hereinafter collectively referred to as “the Parties” and severally as “the Party”.

WHEREAS:

A. The Lessee is a registered Infrastructure Provider, category-1(IP-1) by virtue of registration granted by the Department of Telecommunications, Ministry of Communications & IT, Government of India, and is engaged in the business of establishment, maintenance and provision of telecommunication infrastructure, which inter alia includes providing towers and other allied equipments and leasing of antennae sites on multi-tenant sharing basis, to various telecom service providers like wireline and wireless communications including cellular service providers.

 

B. The Lessee is interested in obtaining premises from the Lessor on lease basis, inter alia, for the purpose of establishing, constructing, installing, operating, maintaining and storing various kinds of cell sites, structures, transmission towers/poles with single or multiple antennas, with or without RCC beams/columns etc., civil/ pre-fabricated equipment shelters, earthing connections to antenna, generator, equipments, laying of the optical/electrical/copper cables to ground, lightning arrestors, and aviation lamps, necessary cabling and connectivity to each antenna, generator, equipment, and space for installation of electricity meter and power connectivity etc., network equipment (such as radios, batteries, antennas, cables including optical/electrical/copper cables, etc.), ducts, fibres and other assets (“Equipments”) in order to provide the same on lease/rent/sale basis to various telecom service providers like Airtel, Idea, Vodafone, Aircel, Reliance, Sistema, BSNL etc. in furtherance to its above stated business (the “Business”); 2 | P a g e

IN WITNESS WHEREOF the Parties hereto have signed this Lease Deed through their duly authorized representatives at the place and on the day, month and year first above written.

 

SIGNED, SEALED AND DELIVERED BY SIGNED, SEALED AND DELIVERED BY

 

 

 

 

For INDUS TOWERS LIMITED

 

 

 

 

LESSOR (LESSEE)

 

 

In the presence of WITNESS:

           

                       

1.        

 

 

 

2.

 

 

 

 

Drafted & Prepared in my Chamber;

 

 

Ashok Kumar Singh, Advocate.

High Court Bar Association Room No. 15,

High Court at Calcutta.

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LEASE DEED

                                                                     

                                                    LEASE DEED

 

IN-1299336

(Purulia Bus Terminal)

 

 

THIS LEASE DEED (“Lease Deed”) is made on this _____ day of __________, 2016,

 

BY AND BETWEEN

 

Piyush Khedia, son of Late Gopal Prasad Khedia, by Caste Hindu, residing at Shakuntala Complex, Ranchi Road, Post Office-Purulia, Police Station-Purulia, District-Purulia, Pin-723101 hereinafter referred to as “Lessor”, (which term or expression shall unless otherwise excluded by or repugnant to the subject or context hereof be deemed to mean and include his agents, permitted assigns, representatives, legal heirs, successors etc.) of the ONE PART;

 

 

 

AND

 

Indus Towers Ltd. a company incorporated under Companies Act, 1956 having its circle office at Unit 501, 5th Floor, Block “3A”, Plot No II/F/II, Ambuja Eco Space, New Town, Rajarhat, Kolkata – 700156, West Bengal and registered office at Bharti Crescent, 1, Nelson Mandela Road,Vasant Kunj, Phase – II, New Delhi – 110070 through its Authorized Signatory Shri Pradip Kumar Mondal, Son of Shri Amiya Kumar Mondal, of 3/A, M.M. Dutta Road, Kolkata – 700 137, hereinafter referred to as the “Lessee”, (which term or expression shall unless otherwise excluded by or repugnant to subject or context hereof be deemed to mean and include its agents, permitted assigns, representatives, successors, group companies, subsidiaries and associates), of OTHER PART.

 

The Lessor and Lessee are hereinafter collectively referred to as “the Parties” and severally as “the Party”.

 

WHEREAS:

(A) Lessee is a registered Infrastructure Provider, category-1(IP-1) by virtue of registration granted by the Department of Telecommunications, Ministry of Communications & IT, Government of India, and is engaged in business of establishment, maintenance and provision of telecommunication infrastructure, which inter alia includes providing towers and other allied equipments and leasing of antennae sites on multi tenant sharing basis, to various telecom service providers including cellular service providers.

(B) Lessee is interested in obtaining premises from Lessor on lease basis, inter alia, for the purpose of establishing, constructing, installing, operating, maintaining and storing various kinds of cell sites, structures, transmission towers/poles with single or multiple antennas, with or without RCC beams/columns etc., civil/pre fabricated equipment shelters, earthing connections to antenna, generator, equipments, laying of optical/electrical/copper cables to ground, lightning arrestors, and aviation lamps, necessary cabling and connectivity to each antenna, generator, equipment, and space for installation of electricity meter and power connectivity etc., network equipment (such as radios, batteries, antennas, cables including optical/electrical/copper cables, etc.), ducts, fibres and other assets (“Equipments”) in order to provide the same on lease/rent/sale basis to various telecom service providers like Airtel, Idea, Vodafone, Reliance etc. in furtherance to its above stated business (the “Business”);

(C) The Lessor has represented to the Lessee that he is the absolute and bonafide owner, has a clear and marketable title and is legally entitled to lease out the premises admeasuring 500 square fts, comprising of Mouza-Purulia No-2, Jl No-292, Dag No-R.S. Plot No-5906, Holding No-178, Khatian No-1379, Shakuntala Complex, Ranchi Road, Purulia Municipality, Police Station-Purulia, Dist-Purulia, Pin-723101 (“Demised Premises”), more particularly described in the Schedule and the site plan attached to this Lease Deed herewith as Annexure-I. Demised Premises is constructed over a plot of land admeasuring 0.253 Acre, situated at Mouza-Purulia No-2, Jl No-292, Dag No-R.S. Plot No-5906, Holding No-178, Khatian No-1379, Shakuntala Complex, Ranchi Road, Purulia Municipality, Police Station-Purulia, Dist-Purulia, Pin-723101 (“Land”), acquired under a conveyance deed dated 17.11.2004, registered as a document No. I-5758 of 2004, at office of the Sub-Registrar, Purulia, a building admeasuring 500 square feet, has been constructed over the said Land (“Building”);

(D) Based on the written as well as oral representations, assurances and warranties of the Lessor, the Lessee has accepted to take on lease the Demised Premises together with all rights, easements and appurtenances attached thereto, including the right to use the common areas and facilities etc., along with the right of ingress and egress to all common areas, and the Lessor has agreed to give on lease the Demised Premises as per detailed terms and conditions as contained in this Lease Deed.

 

Now by this lease deed it is agreed between Parties as follows:-

 

1.    LEASE: The Lessor hereby grants to the Lessee and the Lessee hereby accepts on lease from the Lessor, the Demised Premises for carrying on its Business or such other activities as it may deem fit, without any hindrance by the Lessor. The Lessor has handed over the physical vacant peaceful possession of and granted access to the Demised Premises to the Lessee simultaneously on the signing of this Lease Deed and the Lessee may immediately commence and carry out all types of construction, installations, fixations, fittings alterations, air-conditioning, cabling, ducting, flooring, and set up and install its tower, Equipments etc. in the Demised Premises as per its sole discretion and requirements from time to time.

 

2.    TERM: This Lease Deed is for a period of 20(Twenty) years commencing from 27.05.2015 to 26.05.2035 (“Term”). Any renewal, after the expiry of the Term, shall be with the mutual consent of the Parties. At each renewal, a fresh lease deed shall be executed, stamped and registered, on mutually agreed terms.

 

3. RENT & SECURITY DEPOSIT:

 

3.1. In consideration of the Lessor granting on lease the Demised Premises to the Lessee, the Lessee has agreed to pay the Lessor a monthly rent of Rs.15000/- (Rupees Fifteen Thousand only) (“Rent”), commencing from 27.05.2015. The Rent shall be increased by 10% at the expiry of every 3 (Three) years, over the last paid Rent. The Rent shall be payable monthly in advance by the 10th day of each English calendar month vide Cheque/Demand Draft/Bank Transfer in favour of the Lessor. The Rent shall be payable in the name of “Piyush Khedia” subject to tax deductible at source. The Rent would be inclusive of all present and future taxes, including property taxes, municipal taxes or any other statutory taxes that may be levied by the State / Central Government. Further, the Lessor shall furnish to the Lessee, the receipts towards the payment of Rent. The Lessor agrees and undertakes to complete all the registration formalities simultaneously with the execution of this Lease Deed and in any case within 30 days from the date of execution failing which the Lessee shall be entitled to withhold the Rent till the Lease Deed is registered and this will not amount to breach of Rent payment obligation of the Lessee.

 

4. COVENANTS OF LESSOR: Lessor covenants with Lessee as follows:

4.1 The Lessor hereby permits the Lessee to install, erect, commission, establish and maintain on the Demised Premises, including but not limiting to a) Equipments; b) Additional Antenna for the purpose of sharing with any other telecom operators; c) Air conditioners; d) DG Set, or any other source or technology of producing energy; e) Guard-room; and f) Temporary/semi-permanent shed for housing the generator and other equipment that may be installed.

4.2 The Lessor expressly grants the Lessee the permission to lease/rent/grant the Equipments etc. installed at the Demised Premises, for use of telecom operators and entities (“Associates”) and to enter into multi-operator arrangements/agreements with the Associates, who shall provide or intend to provide telecom services. Further, the Associates shall be entitled to use/install any of their equipments etc. in the Demised Premises. For the limited purposes of this Lease Deed, all such equipments etc. shall be deemed to be the Equipments of the Lessee. No additional permission shall be required nor any objection shall be raised by the Lessor, at any point of time, for the above purpose, nor shall the Lessee or the Associates be liable to pay any additional compensation/ fees or other charges whatsoever. The Lessor shall have no objection for the transfer of the leasehold rights of the Lessee on account of the Lessee’s merger, amalgamation, takeover, re-structuring or any other re-arrangement, and the terms of this Lease Deed shall continue.

4.3 The Lessor hereby grants unconditional and unrestricted permission to the Lessee, Associates to whom the Lessee has permitted to use the Equipments, its clients and to its associates etc. (“Lessee’s Representatives”) to engage the services of vendors, contractors, engineers, supervisors, workmen, employees, authorized personnel, sub-contractors, security guards, caretakers and other service providers etc, (“Third Party Contractors”) to erect, install, commission, up-grade or change location of the Equipments, or such additional or alternate equipments etc. that may be required from time to time at their own expense and cost, to dig trenches, gutters, chambers and carry out all other plumbing, civil/mechanical and electrical works, to carry out repairs, maintenance, alterations etc. The Lessor hereby provides unhindered ingress and egress, to the Lessee, Lessee’s Representatives and Third Party Contractors, who shall be entitled to carry tools, tackles, heavy machinery, raw materials, cranes, anchorage equipment, winches, pulleys, ropes, scaffolding, brackets, clamps, welding and cutting equipment etc. and to use the same on the Demised Premises. The Lessor has also permitted the Lessee and Lessee’s Representatives to display logos, signages, glow signs, hoardings etc. on the Equipments/ Demised Premises at no extra cost whatsoever.

4.4 It is especially understood and agreed that the Equipments and other items, fixtures etc. installed by the Lessee shall always remain, without exception, the Lessee’s property, and upon its expiration or early termination, or otherwise the Lessee shall remove the same from the Demised Premises.

4.5 Lessee shall be entitled to connect its equipments with networks of other telecom service providers by routing necessary cables, microwaves etc. The Lessee shall also be entitled to connect the optical/electrical/copper cables/wires/fiber etc. through GI/PVC pipes etc. from outside the Demised Premises.

4.6 Lessee shall be entitled to an uninterrupted, unobstructed and unhindered access to and peaceful enjoyment of the Demised Premises, throughout the Term of the Lease Deed. Notwithstanding anything to the contrary contained herein, if there is any interruption or disturbance in the peaceful enjoyment of Demised Premises for any reason whatsoever, no Rent or any other outgoings shall be payable by Lessee to Lessor for period of interruption or disturbance.

4.7 In case Lessor or any third party, causes any hindrance or restriction or objects to the entry of the Lessee or Lessee’s Representatives, or in case of any dispute with other occupants/ residents of the Building/premises or neighbourhood, the Lessee shall intimate the Lessor about the same and the Lessor shall immediately remove or cause to be removed all such obstructions, hindrance, interference, failing which the Lessor shall be liable to pay losses on actuals, if any, suffered by the Lessee or Lessee’s Representatives. Further, in the event, any consent is required from any neighbour or any other occupant of the Building or the Residents’ Welfare Association, then the same shall be promptly obtained by the Lessor at its own cost.

4.8 The Lessor shall extend all co-operation and facilities to the Lessee and to do all that is necessary to facilitate the Lessee in obtaining all clearances/certificates/permissions/ sanctions as may be required from all statutory, government and municipal authorities, from time to time. In case the Lessor is required to appear before any authority for obtaining any permission, sanction, NOC etc., he shall appear as may be necessary, upon intimation being given by the Lessee.

4.9 If any renovation, repair, construction etc. is required to be carried out by the Lessor on or around the Demised Premises, the Lessor shall serve a notice in writing at least 30 (thirty) days prior to such commencement, to the Lessee. The Lessor and the Lessee shall in good faith discuss and agree on the measures to be taken by the Lessor for the protection of the Equipments during the said renovation, repair or construction/demolition. Any additional cost to be incurred for safeguarding the Equipments, shall be borne by the Lessor. The Lessor shall, at all times, ensure that any such repair, maintenance or renovation etc. does not disrupt or damage the Equipments in any manner whatsoever. The Lessor shall not ask the Lessee to shift or relocate its Equipments to any other place. The Lessee shall be entitled to post its own security guard(s) at such place, in or around the Demised Premises, as may be necessary.

4.10 The Lessor shall ensure that the minimum required distance is maintained between the Equipments of the Lessee and any other structure installed / proposed by the Lessor or third parties near the Demised Premises and the Lessor shall ensure that such structures shall not cause any obstruction, hindrance to the Equipments installed by the Lessee and Lessee’s Representatives. Further, the Lessor shall not install, cause, or allow to be installed on the Building, any communication facilities/equipment, the placement or operation of which, in the judgment of the Lessee, may interfere with the working of the Equipments.

4.11 The Lessee shall not be liable in any manner whatsoever for any injury or damage which may be caused to the Lessor, or representatives of the Lessor or any other third party who may gain access to the Demised Premises and unauthorisedly tampers or interferes with the Equipments installed by the Lessee or Lessee’s Representatives etc. The Lessor alone shall be solely liable for any such mishappening including injury or damage that may be caused to anyone.

4.12 The Lessor shall carry out all major structural repairs and maintenance of the Demised Premises during the Term of the Lease Deed. Repairs and maintenance will be required to be done within four [4] days of the receipt of notice from the Lessee in this behalf, failing which the Lessee shall be entitled to carry out such repairs at its own cost and adjust the amount spent thereon against the Rent payable.

4.13 The Lessee shall not be liable to pay any Rent in the event, the Demised Premises, or any portion thereof becomes unusable due to Force Majeure (defined hereinafter), or due to any action/order of any court or tribunal and act of third party. Further, the Lessor shall ensure that no hindrance is caused for any reason whatsoever during the construction of the cell site and thereafter during the continuance of the lease including uninterrupted, unobstructed and unhindered access to the Demised Premises at all times to the Lessee/ Lessee’s Representatives etc., however, in case of any default on part of the Lessor to adhere to any of the above conditions, the Lessee shall not be obliged to pay any Rent for the such period the said default exists. The Lessor further hereby agrees to pay a minimum fixed sum of Rs. 5,00,000/- (Rupees Five Lacs only) as quantified liquidated damages to the Lessee in case the Lessee is compelled to remove its Equipments from the Demised Premises for any reason whatsoever, attributable to the Lessor.

4.14 The Lessee shall be entitled to have all rights and entitlements conferred upon an Infrastructure Provider Category-I (IP-1) under the Indian Telegraph Act, 1885 or any other applicable laws, rules or regulations framed thereunder. The Lessor acknowledges that the services provided by the Lessee from the Demised Premises are essential and public utility services and that the Lessee shall be entitled to all the rights conferred by law.

4.15 The Lessor shall indemnify and keep indemnified the Lessee and Lessee’s Representatives from and against any and all claims, demands causes of action, obligation, litigation, liability, loss, damage, cost and expenses incurred or sustained by reason of or arising out of (i) any breach or alleged breach by the Lessor of terms of this Lease Deed; or (ii) due to any action or negligence on the part of the Lessor; or (iii) violation by the Lessor of any statute, law, rule, bye law, notification or direction issued by Central, State or Local Authorities.

4.16 The Lessor shall bear all taxes past, present and future, including property taxes, fees and other Government or statutory levies in relation to the Demised Premises, failing which, the Lessee shall be entitled to pay such amount and to deduct the same from the Rent. The Lessor shall keep the Demised Premises adequately insured at its own cost.

5. COVENANTS OF LESSEE: Lessee covenants with Lessor as follows:

5.1 To pay to the Lessor the monthly Rent, as per the terms of this Lease Deed. The Lessee shall also pay, the charges for electricity and water, consumed in the Demised Premises, based on actuals. The Lessor shall provide separate electric meters for the purposes of the Lessee. The Lessee may apply for, obtain and install its requirement of power directly from the concerned electricity authorities in its name or in the name of any nominee. The Lessor shall give & sign required NOCs/other papers for the aforesaid purpose and allow the employees/workers of the concerned electricity authorities or any other agency to carry out the work of installation of the electric meters or any other necessary equipments. The Lessee shall have the right to install necessary cables, wires and equipment for the purpose of transmitting the power supply from meters to its antenna and other equipments and generators, without the permission of the Lessor. For this purpose the Lessor shall provide required NOC’s etc., sign all papers and provide all other assistance required.

5.2 To carry out minor/day-to-day repairs and maintenance of the Demised Premises and other fixtures and fittings. The Lessee shall ensure that no damage is caused to the Demised Premises during the installation of the Equipments, reasonable wear and tear excepted & to keep its Equipments installed in the Demised Premises adequately insured at its own cost.

5.3 To clear all dues including electricity dues, water dues, which are payable by the Lessee under this Lease Deed before handing over the vacant and peaceful possession of the Demised Premises to the Lessor.

5.4 In the event, the Demised Premises is attached due to non-payment of any dues by the Lessor, then the Lessee shall be entitled to pay the Rent to the concerned government authority, which shall be regarded as the compliance under this Lease Deed, and the Lessee shall not be liable to pay the Rent to the Lessor.

6. REPRESENTATIONS & WARRANTIES: Lessor represents & warrants that:

6.1 There is no impediment/s whereby the Lessor is restrained from entering into / performing its obligations under this Lease Deed. The Lessor represents that he is the legal, rightful and absolute owner of the Demised Premises and is fully authorised to enter into this Lease Deed and grant the Demised Premises on lease to the Lessee.

6.2 The Demised Premises are free from all restrictive covenants, lispendens, acquisition and requisition proceedings, minor’s claims, mortgage, lien, charge, or claims or encumbrances of any other nature whatsoever.

6.3 The Lessor shall provide all necessary documents and extend all necessary co-operation, assistance as required by the Lessee from time to time to obtain licences/permissions from the concerned authorities to operate the Lessee's business from the Demised Premises. The Lessor further represents that all necessary permissions/sanctions / approvals from the concerned authorities have been obtained for the Demised Premises, and that the Demised Premises is not prohibited from being used as per the requirement of the Lessee, and the Lessor further agrees to indemnify and keep indemnified the Lessee, its directors, employees, agents etc., against all actions, claims, demands, proceedings, expenses, damages, recoveries, judgements, costs, charges etc. by reason of any action or proceedings, commenced or instituted in respect of Demised Premises, which may render the occupation of the Demised Premises by the Lessee for the purposes of it's business as aforesaid as unlawful and as a consequence of which the Lessee may be compelled to vacate the Demised Premises during the Term of the Lease Deed.

6.4 No director or employee of the Lessee or immediate family member thereof was offered and received any thing of value of any kind from the Lessor or his employees, directors or agents in connection with this Lease Deed and that no personnel of the Lessee have any business relationship of any kind with the Lessor or his directors, employees or agents.

6.5 The Lessor having satisfied himself about the nature, usage, purpose, specifications, weight and dimensions of the Equipments, to be erected/installed at the Demised Premises warrants to the Lessee that the Demised Premises/Building is structurally strong enough to withstand the load of the Equipments and undertakes to indemnify and keep indemnified the Lessee, its directors, employees, agents etc. for any loss caused to any third party resulting from any weakness/defect in the structure/ Building/Demised Premises.

6.6 The Lessor has and shall continue to comply with all laws, bylaws, rules, regulations, orders, notifications, directions, conditions of the Government whether Central, State, Local or Municipal with respect to the said Demised Premises during the Term of this Lease Deed.

6.7 All taxes with respect to the Demised Premises have been paid by the Lessor, till date and the Lessor does not have any liability for any past/accumulated taxes, or any interest or penalty in respect thereof, of any nature that may be assessed against Lessee or become a lien against the Demised Premises.

6.8 In the event, the Lessee goes for excavation and/or sets up additional equipments or increases the height of the Tower / Pole or utilizes more space for installing the Equipments in the Demised Premises, the Lessor shall have no objection to the same and will not insist on increasing the Rent. Further, the Lessee shall bear the entire costs in relation to such construction.

6.9 In case where Lessee incurs any loss due to misrepresentation by the Lessor including for any of the above representations and warranties, the Lessor shall indemnify and will always keep indemnified the Lessee, its directors, employees, agents etc., against all costs of shifting, replacement and relocation etc. to any other similar premises and any other cost, loss or damage

 

The Lessee makes the following representations and warranties:

 

6.10 The Lessee is an entity duly incorporated and validly existing in accordance with the laws of India and has full authority to enter into this Lease Deed. The execution of this Lease Deed is not prohibited by its constituent documents or any applicable law or agreement to which it is a party.

 

7. RESTRICTION ON TRANSFER: It is agreed as follows:

 

7.1 The Lessor shall not transfer, directly or indirectly the Demised Premises in favour of any competitor of the Lessee engaged in providing infrastructure services similar to that of Lessee.

7.2 In the event the Lessor mortgages/transfers/conveys all or any portion of the Demised Premises, or the Land/Building thereof, to a third party and/or the Demised Premises and/or any portion thereof gets conveyed/transferred by contract, operation of law and/or by order of any court/authority, or any other obligation of the Lessor, to a third party such transfer/conveyance shall be subject to this Lease Deed and shall recognize and accept the right(s) of the Lessee and upon the transfer/conveyance having been completed, the transferee shall step into the shoes of the Lessor and all the rights and liabilities of the Lessor shall automatically devolve on the transferee. The terms and conditions of this Lease Deed shall remain valid and enforceable with such third party. Such clause shall be incorporated in sale/conveyance deed, etc. between such Lessor and the third party. Further, all deposits made by the Lessee to the Lessor under this Lease Deed, shall be deemed to be the deposits made to such transferee of the Demised Premises. The Lessor hereby assure the Lessee that before effecting any transfer of the Demised Premises or any part thereof to a third person, they shall procure from such transferee a letter of confirmation and acknowledgement, confirming the transferee’s acceptance of the terms and conditions of this Lease Deed and also its taking over all the rights and obligations of the Lessor as stated in this Lease Deed. However, the Lessor shall not transfer the property for a period of 5 (five) years, without the written consent of the Lessee.

 

8. FORCE MAJEURE

 

8.1 If at any time, the Demised Premises is destroyed or damaged by acts of god, tempest, flood, earthquake or any other means like fire or riot, civil or military action, war, (“Force Majeure”), so as to become unfit for occupation or use, the Lessor undertakes to carry out the necessary repairs within 7 days of the occurrence, and no Rent and other outgoings shall be paid until the Demised Premises shall have again been rendered fit for occupation. Additionally, the Lessee shall have the option to terminate this Lease Deed by giving a 15 (fifteen) days written notice.

8.2 Neither Party shall be liable to the other Party for failure to perform its obligations due to occurrence of any event beyond the control of such Party and affecting its performance including, without limitation, governmental regulations, orders, administrative requests, rulings or orders of Department of Telecommunications /Telecom Regulatory Authority of India , judicial orders and Force Majeure.

 

9. TERMINATION

 

9.1 The Lessee may, at any time after giving 1 (one) months' notice, terminate this Lease Deed without assigning any reasons, notwithstanding anything to the contrary contained herein.

9.2 In the event, the Lessee fails to pay to the Lessor, the Rent, consecutively for a period of 3 (three) months, then the Lessor shall be entitled to terminate this Lease Deed, after providing a notice of 30 (thirty) days to the Lessee and the Lessee failing to cure the breach within said 30 days. Except for the aforesaid reason, the Lessor does not have any right to terminate this Lease Deed in any circumstances whatsoever.

9.3 The Lessee shall handover the physical possession of the Demised Premises to the Lessor on the expiry or earlier termination of this Lease Deed as contemplated in this Lease Deed, subject to normal wear and tear. The Lessor shall refund the entire amount of Security Deposit to the Lessee simultaneously with the handing over of physical possession of the Demised Premises, failing which, the Lessee shall not be liable to vacate and hand over possession of the Demised Premises to the Lessor till the entire amount of Security Deposit is refunded by the Lessor and shall be entitled to continue to occupy the Demised Premises without payment of any Rent, mense profit or any other amount whatsoever to the Lessor. Further the Lessor shall be liable to pay an interest @ 24% p.a. to the Lessee from the date of default till the date of payment/ refund of entire amount of the Security Deposit. The provisions of this clause shall survive the expiry or the earlier termination of this Lease Deed.

 

10. GENERAL CLAUSES:

 

a) Any notice etc, unless otherwise specified, shall be deemed to be validly sent if dispatched by registered post AD to the other Party at the following respective addresses:-If made to Lessee: Head – Legal, M/s. INDUS TOWERS LIMITED, Unit 501, 5th Floor, Block “3A”, Plot No II/F/II, Ambuja Eco Space, New Town, Rajarhat, Kolkata – 700156, West Bengal If made to the Lessor: Shakuntala Complex, Ranchi Road, Post Office-Purulia, Police Station-Purulia, District-Purulia, Pin-723101.

b) The failure of either party to enforce any provision of this Lease Deed shall not be considered to be waiver of the right of such Party thereafter to enforce each and every such provision. Waiver, if any, shall be in writing, signed by the then duly authorised signatory of the concerned Party.

C) If any provision of this Lease Deed is determined to be void or unenforceable under any law applicable, such provisions shall be deemed amended or deleted in so far as is reasonably inconsistent with the provisions of this Lease Deed and to the extent necessary to conform to applicable law and the remaining provisions shall remain valid and enforceable

d) This Lease Deed constitutes the entire agreement between the Parties and supersedes all previous discussions/correspondence and arrangements/agreements between the Parties, if any, whether written, oral or implied concerning the matters covered herein. This Lease Deed shall not be modified, except by amendment(s) in writing duly executed by both the Parties hereto

e). This Lease Deed shall be construed in accordance with applicable laws of India and any dispute arising from the subject matter of this Lease Deed shall be adjudicated only in the Court of competent jurisdiction at Kolkata.

f).Any dispute or difference out of or relating to the scope, operation or effect of this Lease Deed or the validity or the breach thereof shall be settled by arbitration, by a sole arbitrator to be appointed by the Lessee, in accordance with the Arbitration and Conciliation Act, 1996 and the award made in pursuance thereof shall be binding on the Parties. The venue of arbitration proceedings shall be Kolkata.

g).The Lessor hereby permits the Lessee to procure loans/financial assistance from third party or financial institution, banks etc., from time to time by creating pledge and hypothecation over all or any of the Equipments, installed at the Demised Premises. Further, it is expressly agreed that the Lessor shall not have any claim, lien or charge on the Equipments, either for Rent, arrears, fees, compensation or otherwise

h).The stamp duty, registration & incidental charges in respect of this Lease Deed and all other documents that may be executed pursuant to this Lease Deed shall be borne by the Lessor and Lessee in equal ratio. The Lessor hereby authorises the Lessee to adjust the above stated Lessor’s share in respect of stamp duty, registration charges and incidental charges from the Rent payable to the Lessor. The Lessor also undertakes that if the Lease Deed is terminated for any reason what so ever, prior to above mentioned adjustment of the dues then such unadjusted amount will be paid by the Lessor before taking back the physical possession of the Demised Premises

i). This Lease Deed may be signed in any number of counterparts, each of which is an original and all of which, taken together, constitutes one and the same instrument.

FIRST SCHEDULE REFERRED TO ABOVE

ALL THAT PLOT OF LAND admeasuring 0.253 Acre, Bastu nature situated at Mouza-Purulia No-2, Jl No-292, Dag No-R.S. Plot No-5906, Holding No-178, Khatian No-1379, Vill-Shakuntala Complex, Ranchi Road, purulia Municipality, Police Station-Purulia, Dist-Purulia, Pin-723101 and butted and bounded as follows:

By The North       :         House

By The South      :         House

By The East         :         House

By The West        :         Ranchi Road

 

 

SECOND SCHEDULE above referred to:

(Description of the Demised Premises)

 

ALL THAT SPACE admeasuring 500 Sq. Fts. (Five Hundred Sq. Fts.) on the roof/terrace of the building and on the ground floor on combined basis in the said premises as mentioned in the First Schedule shown and demarcated in green border in the plan annexed hereto being part of the land described in First Schedule hereinabove.

 

 

 

 

 

IN WITNESS WHEREOF the Parties hereto have signed this Lease Deed through their duly authorized representatives at the place and on the day, month and year first above written.

 

SIGNED, SEALED AND DELIVERED BY SIGNED, SEALED AND DELIVERED BY

 

 

 

 

For INDUS TOWERS LIMITED

 

 

 

 

LESSOR (LESSEE)

 

 

In the presence of WITNESS:

         

                  

1.      

 

 

 

2.

 

 

 

Drafted & Prepared in my Chamber;

 

 

Ashok Kumar Singh, Advocate.

High Court Bar Association Room No. 15,

High Court at Calcutta.