LEASE AGREEMENT

This LEASE AGREEMENT (“LEASE”) is made and entered into on this the 2nd day of April, 20230.

BETWEEN

Md. Muslim, father- Momen, mother- Naznin Begum, Address- Holding no. 78/3, Moneswar
Road, Zigatola-1209, Dhanmondi, Dhaka, Having NID No. 3722366717, Nationality-
Bangladeshi, religion- Islam hereinafter referred to as the LESSOR, which expression shall, unless
excluded by or repugnant to the context, mean and include its heirs, successors, executors, administrators,
representatives and assignees of the ONE PART.

AND
T.K. Shares & Securities Ltd., incorporated under the relevant laws of Bangladesh, having its registered
office at 83, Khatungonj, Chattogram, Bangladesh, represented by its Managing DirectorChairman,
Mohammad Mustafa Haider hereinafter referred to as the LESSEE, which expression shall, unless
excluded by or repugnant to the context, mean and include its successors, executors, administrators,
nominees, representatives and assignees on the OTHER PART.

(The lessee and the lessor are hereinafter, where appropriate, individually referred to as “Party” and
collectively as “Parties”)

WHEREAS, the LESSOR is the absolute owner of the land in possession and has proper entitlement of
space comprising of actual measurement that includes but not limited to the boundaries wall/ aluminum/
glass frame total of 682 (six hundred and eighty two) square feet (a) 6,469 sft. space at the West Side of
1st floor of Moslem Zaha Mansion, 75/2/A, Moulovi Bazar, Mouza-Lalbagh, Thana- Chawkbazar Model,
District- Dhaka, Bangladesh (hereinafter referred to as “the Building”).

AND WHEREAS, the LESSEE is desirous of taking lease the vacant floor spaces of the Demised
Premises from the LESSOR, for exclusively setting up its office purposes.

AND WHEREAS, the LESSOR has agreed to lease out the said Demised Premises together with the
fixtures and fittings uponfittings upon terms and conditions hereinafter appearing.

NOW THIS LEASE AGREEMENT WITNESSETH AS FOLLOWS:

1. SCOPE OF LEASE
1.1. The LESSOR has agreed to lease out and the LESSEE has agreed to take on LEASE the
Demised Premises, together with the fixtures and fittings with the use and enjoyment by the
LESSEE and their officers, employees, agents and guests in the Building of all common
entrances, staircases, landings, passages, accesses, common drive ways, lifts, fire exits and
other conveniences appurtenant to the Demised Premises together with the exclusive use for

Continued
 the LESSEE of the Demised Premises 682 (six hundred and eighty two) square feet (a) 6,469
sft. space at the west side of the 1st floor of Moslem Zaha Mansion West Side of 10th Floor
and 183 sft. space at the East Side of 8th Floor ffor the period from 2nd day of April, 2023 to
1st November031st day of March, 2025October (hereinafter called Lease Period) in
consideration of rent and other payments to be paid by the LESSEE to the lessor as detailed
hereunder this Agreement, unless otherwise terminated earlier as provided in the agreement.

1.2. The initial agreed Lease Period is for 35 (threeFive) years and which may be further renewed
on mutual agreement between the parties in writing. The LESSEE shall request the LESSOR
for renewal of LEASE deed in writing 3 (Three) months prior to the expiry of Lease Period
which may mutually be extended for further tenure as may be agreed between the parties in
writing.

2. RENT OF DEMISED PREMISES

2.1. The description of monthly rent for lease of the demised premises along with general
cleaning around the demised premises, central security and maintenance of common areas are
as follows:

Sl. Space Rate Per sft. Rent Per

No. (sft.) (Per Month) Month (Tk.)
1 682 7540.00/- 51,150/-2,58,760-
2 183 40.00/- 7,320/-
6,652 40.00/- 2,66,080/-

2.2. The LESSEE shall also be entitled for uninterrupted power and water supply of the demised
premises at all times of the year. During load shedding 1x AC, required number of computers
and lighting may run subject to serviceability of Generators.

3. PAYMENT OF RENT
3.1. The LESSEE shall pay rent to the LESSOR for the usage of the Demised Premises
throughout 24 hours for 365 days a year. The monthly rent for the floor (described in 2.1)
will be at the rate of Tk. 75.00/- per sft.

3.2. The rent of the Demised Premises shall be paid on monthly basis and all payment shall be
made within first 07 (seven) working days of the month through crossed cheque/pay order in
favor of LESSOR‘ASA’. Govt. duties like VAT will be paid by LESSEE and Tax will be
deducted by LESSEE as per Govt. rules. Copy of tax challan in this respect shall be
provided to LESSOR. If any other fees/charges be imposed in future by the Govt. due to the
usage of the demised premises will also be borne by LESSEE.

3.3. Upon the execution of this Agreement, the LESSEE has deposited with the LESSOR TK.
5,00,00/- (Five Lac) in advance as security for the faithful performance and observance by
LESSEE of the terms, provisions, agreements, covenants and conditions of this Agreement.

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 Upon termination notice by either party the advance amount shall be adjusted form the
monthly rent and the remaining advance (if any) will be refundable at the time of delivery of
vacant possession of the Demised Premises to the LESSOR.

4. SIGNAGE
4.1 The LESSEE shall put-up office signboards and display decorations in the specified space for
the office purpose at their own cost having prior permission of the LESSOR. The LESSEE
shall take all necessary initiatives for arranging permission from the Dhaka City Corporation
and the relevant city corporation taxes/charges (if any) will also be paid by the LESSEE.

4.2 The LESSEE shall be entitled at his own cost and expenses to erect and maintain its Logo on
the Demised Premises, where size and side will be specified by the LESSOR after mutual
discussion between the Parties. But, the LESSEE shall not use any other place in the Building
for this purpose without obtaining written permission from the LESSOR.

5. COVENANTS BY LESSOR

5.1 In case of any breach of any of the terms and conditions of this LEASE by the LESSEE or of
any misconduct or for action prejudicial to the administration of LESSOR‘ASA’ by the
LESSEE, the LESSOR shall give a written notice for the rectification of the same and Parties
shall use their best efforts to resolve amicably any disputes arising out of or in connection
with this LEASE or its interpretation between the Parties. Any dispute between the parties
under this LEASE, shall be settled amicably by correspondence or by mutual discussion
within 60 (sixty) days after receipt by one Party of the other Party’s request for amicable
settlement.

5.2 The LESSOR reserves the right to enter into the Demised Premises in case of any emergency
including but not limited to like fire/accident at any time to ensure safety and security of the
premises and articles therein even in the absence of the LESSEE or his representative with
prior consent of the LESSEE.

5.3 The LESSOR reserves the right to inspect the Demised Premises during office hours with 24
hours prior written notice to the LESSEE for routine inspection.

5.4 The LESSOR shall not interfere with peaceful possession and enjoyment of the Demised
Premises and the appurtenances thereof by the LESSEE without any restriction of its usage
during the tenure of this LEASE and peaceful vacant possession of the Demised Premises
will be given to the LESSEE.

5.5 The Lessor shall be responsible for any fines and penalty imposed on it arising from any non-
compliance with the laws and regulations of Bangladesh by the lessor and Lessee shall not be
held responsible to his end except for any gross negligence of willful misconduct on the part
of the LEESSEE.

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 5.6 The Lessor, notwithstanding any provision herein, shall not during the continuance of this
agreement sell, lease exchange or transfer the Demised Premises without prior written
consent of the Lessee.

6 COVENANTS BY LESSEE

6.1 The LESSEE shall use the Demised Premises for his own bonafide purpose for which
LEASE has been granted and it shall not use the Demised Premises for any other purpose and
change the nomenclature of the office except with the written permission of the LESSOR.
The LESSEE shall not deal in any business, which is otherwise prohibited under laws/rules of
the Govt./local bodies.

6.2 On the expiry of the Demised Period of the LESSEE shall usually deliver vacant possession
of the Demised Premises to the LESSOR.

6.3 The LESSEE shall not at any time during the tenure of stay without the consent in writing of
the LESSOR pull down or put up any structural erection/ alterations in the Demised
Premises, provided always that the LESSEE shall be liable for the purpose of fixing, erecting
in or upon the Demised Premises removable fixtures, fittings and partitions at Demised
Premises subject to restoration at the time of expiration or earlier determination of this
LEASE to the state as it were, before such additions were made by the LESSEE. Use of
bricks or making any structure with bricks inside the Demised Premises is restricted subject
to prior permission of the LESSOR.

6.4 The LESSEE shall not assign this LEASE or TENANCY or SUB-LET or PART with
possession of the Demised Premises or part thereof except without the consent of the
LESSOR in writing. Nor shall the LESSEE use the Demised Premises in a manner that will
cause nuisance, nor shall carry or store any combustible, inflammable or offensive material to
store in or about the Demised Premises.
6.5 The LESSEE or his employee shall not cause annoyance or inconvenience to the immediate
and adjacent neighbors and will not create any obstruction or hindrance to any part of the
common passage, place of common use or emergency exit stairs case by their acts or deeds.
Be it stipulated that the LESSEE shall not use the exterior of the rented premises in any
manner without prior permission of the LESSOR.

6.6 The LESSEE is not allowed to form any society/organization in ASA Tower.
6.7 The stamp duties, documentation charges, all connection fees/ charges, incidental charges etc.
shall be borne by the tenant LESSEE if any.

6.8 It is agreed between the parties that the LESSEE shall be entitled to install fixtures, fittings
and equipment and the same shall remain the property of the LESSEE and the LESSEE shall
have the right to remove the same at any time; provided that at the time of vacation of the

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 rented Demised Premises the LESSEE shall restore the rented Demised Premises in its
original condition from any such installation or removal thereof, with a view to restoring the
same as early as may be possible to the condition in which it was at the time the rented
Demised Premises was first leased out to the LESSEE.

7 JOINT COVENANTS
7.1 If in case the Demised Premises or any part thereof shall at any time during the Lease Period
be destroyed or damaged or rendered unfit for the purposes (such as earthquake, storm, fire or
other irresistible forces etc) not caused by the act or default of LESSEE, its agents and
servants so as to be unfit for the purpose for which it is demised, this LEASE shall at the
option of either Party may terminate. But if the fire occurs because of the negligence of the
LESSEE if so determined by a neutral third party expert engaged by the LESSOR and
LESSEE, LESSEE shall indemnify the LESSOR by payment of cost and damages incurred to
restore the Demised Premises to previous condition.

7.2 That the LESSEE hereby agrees that LESSOR shall not be liable for any loss or damage to
the Lessee’s business or any loss of income there from or for damage to the
goods/wares/merchandise or other property of LESSEE, Lessee’s employees, clients, agents,
invitees guests, contractors or customers or any other person in or about the premises except
such loss or damage is caused by the act or default of the Lessor or any loss or damage
consequential to acts and omissions of the person under the control of Lessor.

7.3 The LESSEE shall indemnify and hold LESSOR harmless from and against any and all
claims arising from LESSEE’s use of the premises, or the conduct of LESSEE’s business, or
from any activity, work or thing done, or permitted by the LESSEE in the premises. Each
party shall further indemnify, defend and hold the other party harmless from and against any
and all claims arising from any breach or default arising out of its breach of this agreement,
and/or arising from any negligence or willful misconduct of the indemnifying party, his
employees, clients, agents, contractors, invitees and guests during the Lease period.

7.4 LESSOR shall not be liable for any injury to the person of LESSEE, LESSEE’s employees,
agents, invitees, contractors, or any other person in or about the premises whether such
damage or injury is caused by or result from fire, electricity, gas, water or rain or, from
breakage, leakage, obstruction or other defects of pipes, wires, appliances, plumbing, air-
conditioning or lighting, fixtures, or from any other cause, except where such damage or
injury is caused by LESSOR’s gross negligence or willful misconduct.

7.5 If the Demised Premises are totally damaged or rendered wholly un-tenantable by fire or
other cause notcause not caused by Lessor or any person under the control of Lessor and if
the LESSOR decides not to restore or not to re-build the same or the Building shall be so
damaged as to be beyond repair then the LESSOR or the LESSEE may choose to terminate
the lease by giving written notice under 1.4 to the other party to the same effect. Upon such

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 termination the LESSEE’s liability for rent shall cease as of the day whenday when the
casualty or cause of action occurs.

7.6 Each of the parties will be liable for any damage and loss resulting from its failure or
negligence to perform its specific rules in accordance with terms and conditions of the
Agreement.

8 TERMINATION
8.1 Any party may terminate this Agreement at any time without showing any cause upon 10
(ten) months’ prior written notice to other party. Provided that the parties shall not be entitled
to terminate this Agreement without showing any cause during the first [1] ([one]) year
following the date of execution of this Agreement.

8.2 Each party is entitled to terminate this Agreement at any time upon giving 6 (six) months’
prior written notice through registered post or certified mail to the other party where:
8.2.1 Any breach, failure or omission by any party to comply with any of the terms and
conditions of this Agreement.
8.2.2 Any act or omission of any party that directly or indirectly affects the other party’s
ability to meets its obligation under this Agreement.

9 NOTICE
Any notice required to be given or served under these presents circumstances shall be deemed to be
sufficiently served on the LESSOR if forwarded by registered post and certified mail to its address
stated above and a notice so sent shall be deemed to have been given at the time when it ought to be
in due course of post be delivered to the address to which it is sent.

10 ARBITRATION
Any dispute or difference whatsoever arising between the Parties out of or in connection with or
incidental to this Agreement including the operation or interpretation of this Agreement shall be
solved amicably by mutual discussions between the Parties. In the event of failure to solve any such
disputes within 60 days from the date of notice of such dispute the matter shall be referred to
arbitration in accordance with the provisions of the Arbitration Act, 2001 of Bangladesh.

11 GOVERNING LAW AND AMENDMENT

This LEASE is subject to the laws of Bangladesh and the courts of Bangladesh shall have exclusive
jurisdiction to resolve any dispute arising hereunder. This agreement may at any time be amended
by mutual consent in writing between the Parties hereto and such amendment shall be treated as one
of the integral parts to this original Lease Agreement.

12 MISCELLANEOUS

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 12.1 This Agreement cancels and supersedes any previous agreements, may be amended or
modified and compliance with terms and conditions hereof only by means of written
instrument signed by or on behalf of both the parties here to.

12.2 This Agreement shall be binding upon and inured to the benefit of the parties hereto and
their respective successors and assignees provided that no party may assign any of its
rights or obligation hereunder without the consent of other party in writing.

In WITNESS whereof and in confirmation and ratification of all the terms and conditions as set forth
above both the Parties, the LESSOR and the LESSEE do hereby have put their respective signature
hereunder on this day, month and year as written above.

This LEASE AGREEMENT has been written in appropriate NON-JUDICIAL STAMPS and the
following witnesses signed in whose presence the executors executed the LEASE deed. This LEASE has
been executed in 2 (two) ORIGINAL copies and each Party shall retain one original copy for their
records.

For & on behalf of the LESSOR For & on behalf of the LESSEE
ASA I Management Services Limited

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Md. Muslim Mohammad Mustafa Haider
Land owner Managing Director
Moslem Zaha Mansion T.K. Shares & Securities Ltd. Motaleb
Bhuiyan
Head of H

.............................................................. .......................................................................
SIGNED BY LESSOR WITH FULL SIGNED & DELIVERED BY THE SAID
NAME & DESIGNATION LESSEE WITH FULL NAME & DESIGNATION

SIGNATURE OF THE WITNESSESWITNESS:WITNESS:

1. 3.
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Name: ………........... Name: ………...........
Adress: ……….......... Adress: ………..........

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2. 4.
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Name: ………........... Name: ………...........
Adress: ……….......... Adress: ………..........

1. Humayun Kabir 1. Gazi Mazharul Hannan

Jr. AD (Tower Admin) Assistant Director-HR

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