QUESTION NO 15

Galaxy Mall desires to give the ground floor of the Mall to M/s. C Mart, for 12
years, who will be operating their retail grocery super store. Draft suitable Lease
Deed for C Mart, covering the provisions for furnishing the premises suitably, for
usual covenants and giving an option to Galaxy Mall to avail loan from Bank
against rent income. The Lease can be assigned in favor of third party in the event
the brand C Mart is transferred to any third party due to any merger,
amalgamation or corporate restructuring. C Mart is a trading name adopted by
M/s. Big Value Stores Limited. Draft suitable Lease Deed and also Draft must
comply with all legal requirements and also add a foot note on the formalities
relating to execution, registration, stamp duty, as may be applicable.

LEASE DEED
THIS INDENTURE of lease is made at Vadodara 2nd November of 2019.

BY AND BETWEEN

Galaxy Mall having its Registered Office at #1, SIDCO Industrial Estate, Kharjan,
Vadodara– 600 032 represented by its Authorized Signatory (hereinafter called
“LESSOR”, which expression shall, unless repugnant to the context and meaning include
his heirs, successors, administrators and assigns) of the ONE PART

AND

M/s. Big Value Stores Limited , with its adopted trade name C. Mart .  having its
Registered Office at 127/11 Wellington Plaza, 1 st Floor, Kallali, Vadodara —600 002 
(hereinafter called “the LESSOR”, which expression shall, unless repugnant to the
context and meaning, include its successors and assigns) of the OTHER PART.

Lessor and Lessee are hereinafter jointly referred to as the ‘PARTIES’ and individually
as “PARTY”.

WHEREAS the Lessor and Lessee, in consideration of the rights, privileges, obligations
and agreements contained in this Lease Agreement agree as follows

1. LEASE AND DESCRIPTION OF THE PREMISES:

The Lessee, being desirous of taking on lease the Premises (as defined below), for the
purpose of carrying on its business operations, has approached the Lessor, and the Lessor
has agreed to give on lease the Premises to the Lessee, on the terms and conditions
agreed upon in this Lease Deed.
A. The LESSOR is absolutely seized and possessed or otherwise well and
sufficiently entitled to the premises at Galaxy Mall having its Registered Office at
#1, SIDCO Industrial Estate, Kharjan, Vadodara – 600 032 with a total area of
1,58,000 square feet.
2. LEASE TERM :

A. The lease will be for a period of 12 years commencing from 1st December 2019
to 1st December 2031 . (Lock in Period)

B. The parties make a deal not to terminate the lease during the Lock-In Period other
than as might be explicitly accommodated in this Deed.

3.  RENT & INTEREST FREE REFUNDABLE SECURITY DEPOSIT:

A. The Lessee concurs and embraces, to pay the lease at the pace of Rs.60/ -
(Rupees Sixty just) per sq.ft. every month determined on the Super Built Up
Ground Floor area of 19,428 sq. ft. of the premises which is Rs.1, 165,680/ -
(Rupees Twenty 1Crores 1 Lakhs Seventy Sixty Five Thousand Six Hundred
and Eighty in particular) with material help charge, month to month ahead of
time to the Lessor at the latest the seventh day of consistently, subject to legal
derivation of assessment at source.

B. Subject to the Lessor giving over ownership of the Premises fitted-out as per
the Lay-Out Plans , the Lessee's commitment to pay lease for the premises will
start from eighth of December, 2019. The Lessor will not anyway be liable for
any postponement in giving over the ownership of the Premises to the Lessee
emerging from any Change Request for the Lay-Out Plans started by the
Lessee.

C. In case of any delay in the installment of the month to month lease inside 7
days of the due date as set out thus, the Lessee will be at risk to pay revenue on
such extraordinary installment @ 18 % per annum determined from the date
when the installment is because of the date of installment.

4. THE LESSEE HEREBY COVENANTS WITH THE LESSOR AS FOLLOWS:

A. The Lessee will keep up the interior areas of the Premises at its own expense.

B. To pay the electricity bills for the electricity consumed for lighting the demised
premises and for operation of air conditioners, fans, computers and electrical
appliances in the demised premises.

C. The Lessee will at its own expenses and accuses of earlier implication to the
Lessor introduce furniture, apparatuses, fittings, electrical establishments,
hardware and any remaining accommodations as the Lessee may consider
qualified for or regarding the full use, occupation and delight in the Premises
with no primary changes. Any proposed enhancements for the Premises will be
given recorded as a hard copy to the Lessor ahead of time and in the wake of
 accepting assent of the equivalent (which assent will not be absurdly retained
or postponed) the Lessee will begin the necessary works. On end of this Deed,
if the Lessee selects to eliminate a similar it will do as such at its own expense
a lot. Given notwithstanding, that any harm caused to the Premises, while so
eliminating the furniture will be managed as per effect of harm . The Lessee
will be qualified for eliminate all property of the Lessee from the Premises
with no let or impediment from the Lessor and the Lessor affirms that it will
not have any privilege of lien, charge, promise or any maintenance directly
over any of the property of the Lessee despite any sum payable or purportedly
payable by the Lessee to the Lessor under any conditions.

D. Not to do or endure to be done in or upon the demised premises or other

portions of the said working in a similar manner as different people anything at
all, which might be or turn into an aggravation or irritation to or in any path
meddle with the very or solace of the Lessor or different Lessees and occupiers
of the said building.

E. Not to sub-let, move, relegate or part with the ownership of the demised
premises or any part thereof.

F. Not to hinder or endure to be impeded the passage lobby, passageways,

doorways, and sections, flight of stairs or lifts.

G. The Lessee shall abide by and perform all the rules and regulations and by-
laws of the Building and all laws for the time being in force provided such
rules and by-laws do not cause any undue disadvantage or hardship to the
Lessee. The Lessee shall indemnify and keep indemnified the Lessor against
all actions, proceedings, suits, claims, demands, losses, damages, costs,
charges, and expenses incurred or suffered by them as a reason of any non-
observance or non-performance of such rules and regulations by the Lessee.

H. The Lessee will pay upkeep charges according to the bills raised by the
Maintenance Company named by the Lessor for the provisions of maintenance
services.

I. The Lessee shall indemnify, keep indemnified, defend and hold the Lessor
harmless from and against any and all direct and actual claims, losses, damages
arising out of or relating to any misrepresentation or breach of representation
or warranty made by the Lessee

5. THE LESSOR HEREBY COVENANTS WITH LESSEE AS FOLLOWS:

The Lessor to the degree that these commitments settled upon under this Lease
Agreement may proceed all through the term of the Lease, and any restoration thereof,
thus contracts with the Lessee as follows:
 A. The Lessor will, for and during the time of the rent and any restored terms of
this rent, bear and pay all current and future local charges, water charges and
other expenses and increments thereof which are presently or may whenever
from now on during the time of the rent, be evaluated, charged or forced in
regard of the Premises or any part.

B. That on the Lessee paying the lease on the due dates thereof and in the way
thus gave and noticing and playing out the cloisters, conditions and
specifications in this contained and on his part to be noticed and performed,
will serenely and discreetly hold, have and appreciate the demised premises
during the term with no interference, aggravation, case and request by the
Lessor or any individual legally guaranteeing under or trust for the Lessor.
C. To pay rates, charges, evaluation, obligations, cess, burdens, outgoings and
troubles at all payable to State or neighborhood or other power, which may
whenever or every now and then during the term therefore made be forced or
charged upon the demised premises.
D. The Lessor speaks to and warrants that, on the Lessee paying the lease thus
held and performing and noticing its commitments hereunder, the Lessee will
be qualified for serenely and discreetly hold and appreciate the Premises
during the time of rent with no ousting, aggravation or interference by the
Lessor or any individual or people guaranteeing through or under the Lessor
or in any case howsoever.

E. The Lessor speaks to that with the exception of specific charges made for
banks/monetary establishments that have financed the Lessor's advancement
of the structure, the Premises is liberated from any sort of encumbrances, court
orders or any home loans, charges or lien which would influence the quiet
pleasure thereof by the Lessee.

F. The Lessor contracts that will sign, immediately, , on such applications, no-
protest declarations or any records recommended by any rule/government
authority as might be needed by the Lessee to get important
legal/administrative licenses, consents and so on to do its business activities
from the Premises.

G. The Lessor will repay, keep repaid, shield and hold the Lessee innocuous from
and against all immediate and genuine cases, misfortunes, harms (counting
related lawful costs and sensible re-area costs) emerging out of or identifying
with any distortion or break of portrayal or guarantee made by the Lessor.

6. It is therefore concurred and declared that these presents are on the express condition,
that if the lease or any part thereof payable in regard of the demised premises will be
financially past due for a time of 12 years or by if the Lessee will preclude to perform
or then again notice any contracts or conditions on the Lessee's part in this contained,
the Lessor may return upon the demised premises given that the Lessor has served a
notification to the Lessee and a time of one month has passed after the issue of such
notification, the Lessee doesn't pay the lease or doesn't perform or notice the contract
or condition and immediately this destruction and all privileges of the Lessee
hereunder will decided.

7. This Lease Deed shall be executed in duplicate. The original shall be retained by the
Lessor and the duplicate by the Lessee
 IT IS HEREBY EXPRESSLY AGREED BETWEEN THE PARTIES AS
FOLLOWS:

a. The Lessee will be qualified for erect fittings, apparatuses, wooden allotments,
lodges or make any such augmentations or modifications, as might be vital for
its utilization by the Lessee; given that the resident will eliminate the said fittings,
apparatuses, wooden allotments, lodges, augmentations or modifications and
reestablish the demised premises to the Lessor on the expiry of the term of sooner
assurance of the rent in a similar condition as existed prior to making such
changes.
b. On the off chance that the lessor neglects to cover the duties, charges, appraisals
payable by him, or neglects to do the important fixes and other work which he
needs to do as given in this, the Lessee may after one month notice in composing,
pay, release and do the equivalent at its own expense and the Lessor may set off
the equivalent from the lease payable to the Lessor under these presents.

IN WITNESS WHEREOF, the Lessor has set its hands unto these presents and a copy
concerning this and the Lessee has made its basic seal be appended hereunder also, a
copy about on the day, month and year first hereinabove composed

FOR LESSOR FOR LESSEE

GALAXY MALL C. MART
(Address) (Address)

WITNESS NO: 1 WITNESS NO: 2

(Address) (Address)