AL I•IAjID PROPERTY CO. L.L.C.

Me m b e r o f jum a Al M aj i d HoIdin g Gro u p L. L. C.

Commercial TENANCY CONTRACT

Contract No.: 11147 19 January 2021

The Owner: CAP\Tnr UNITED LLC

The
AL MAJID PROPERTY Co. L.L.C
Landlord:
N W Z WEST ZONE SUPERMARKET
The Tenant: AND DEPARTMENT STORE L.L.C
(BRANCH)
Subject Of
THE BUSINESS CENTER ,SHOWROOM NO G01 DUBAI PLOT NO (313-618)
Tenancy
FfOrW: 01/08/2020 To: 31/12/2023 2023/12/31 ul) 2020/08/01 :

Rent: 2,204,415.00 DHS » 2,204,415.00 :J I

pa 734,805.00
Yearly Rent: 734,805.00 DHS
VAT%5 110,224.56

Terms Of Payment: Four Cheques In Advance

TENANT Contact
PO BOX : 32795 Dubai, Tel:04 5549L14, Fax.:. MobiIe:-056 4064062
Address:
CONDITIONS MUTUALLY AGREED UPON AS UNDER:

1. ExAMlNATION Or THE PREMISES

The tenant confirms that he received the subject of tenancy in good
condition and without any objection and suitable for the purpose of
tenancy .At the expiry of the tenancy contract .TENANT must return
the premise in good condition as it were at the begeining of the
contract .

2. PURPOSE Or TENANCY:
a) TENANT HAS ND RIGHT TO USE THE PREMISES FOR
PURPOSE OTHER THAN THAT AGREED ON BETWEEN BOTH
PARTIES A5 PER THE ACTIVTTTES PERMITTED IN THE
TENANT TRADE LICENSE
bJ The Tenant has no right to use the premise for other
purposes other than the agreed between both parties , in
case the tenant violate this clause , the landlord has the
right to revoke the contract and or/ to claim the for other
damages arising out of that and the tenant obligate to pay
the full rent value of the contract
The tenant acknowledge that he is not allowed to request
the landlord to change his tenancy contract even if it has
resulted from changing his name in his trade license .if the
tenant wishes to transferee the tenancy contract from his
personal name of his business , tenant fails o oblige thereof
the landlord has the right to claim for revoking the tenancy
contract and retail all the undue rent till the expiry of
Cont. # 11147 1

P.O. Box : 21785, Tel: 04 2715252, Fax : 04 2715213 / .5 /”Vlorir' : Ló ,•E FVIOF OE : guàu_Ig ,NU /\o : m.
ORN # 1938 infoAalmajidproperty.com www.aImajidproperty.com"
 contract , and to demand all outstanding rent till vacating .

3. PAYMENTS Or RENT'
The rent shall be paid in four cheques in advance as follows:
1. Cheque For Dhs. 183,701.25 Due On 01/08/2020 2020/08/01 1, a 183,701.25 .1
2. Cheque For Dhs. 183,701.25 Due On 01/04/2021 2021/04/01 Lu. a 183,701.25 .2
3. Cheque For Dhs. 183,701.25 Due On 01/07/2021 2021/07/01 Lu. a 183,701.25 .3
4. Cheque For Dhs. 183,701.25 Due On 01/10/2021 2021/10/01 41. 183,701.25 .4
5. Cheque For Dhs. 183,701.25 Due On 01/01/2022 2022/01/01 1. 1B3,701.25 .5
6. Cheque For Dhs. 183,701.25 Due On 01/04/2022 2022/04/01 o1. » :t83,701.25 .6
7. Cheque For Dhs. 183,701.25 Due On 01/07J2022 2022/07/01 u. 183,701.25 .7
8. Cheque For Dhs. L83,701.25 Due On 01/10/2022 2022/10/01 u, o 183,701.25 .8
9. Cheque For Dhs. 183,701.25 Due On 01/01/2023 2023/01/01 1. 183,701.25 .9
10. Cheque For Dhs. 183,701.25 Due On 01/04/2023 2023/04/01 . • 183,70i.25 .10
11. Cheque For Dhs. 183,701.25 Due On 01/07/2023 2023/07/01 Lu. a 183,70T.25 .11
12. Cheque For Dhs. 183,701.25 Due On 01/10/2023 7023/10/01 u1, • 183,701.25 .12

4. RENT:

The TENANT must pay the rent on time. If the TENANT withheld or
delayed any installments or was in late in paying any rent value for
more than (30) days, LAf\IDLORD may have all remedies legally
permitted, and declaring all remaining rental installments immediately
due and owing. The TENANT shall evacuate the leased premises and
hand it over to the LANDLORD unoccupied and the TENANT shall
reimburse LANDLORD for all damages caused by their default.

5. RETURNED CHEQUES:
A penalty of (10%) in cash shall be levied from the amount of any
cheque returned from the bank for any so reasons to cover bank/
administration charges.

6. MAINTENANCE & CLEANLINESS &PUPLIC SECURITY "

The LANDLORD undertakes to carry basic maintenance which include
the external facade ,Lifts , Stairs ,Central air-condition system ,main
sanitary and electrical installation , and cleaning of the exterior and
interior of building (excluding tenants premises )

7. EXPENSES OF WATER AND ELECTRICITY'

a) Water, Electricity and sewerage and AC charges shall be on
TENANT’5 account.

b) In case the building has central Air conditioning —chillers, the

electricity charges for chillers shall be on Tenant account.
And all other electricity charges shall be on tenant’s account
and common are will be under the tenant account.

8. SECURITY DEPOSIT'
a) The TENANT shall pay to the LANDLORD (Dhs. 61,233.75) as
guarantee to secure coverage of any maintenance arising
Cont. #1 1147 2
 out of damage caused by him or her at the expiry of the
tenancy contract. The LANDLORD shall refund the balance
amount thereof to the TENANT after deducting the amount
without any interest. lncase such amount is insufficient to
cover the expenses incurred by the LANDLORD for the
TENANT, the LANDLORD shall have the right to claim the
extra amount.
b) In case the TENANT violates any provision of this contract,
the LANDLORD shall have the right to confiscate the security
deposit besides claiming any other rights.

9. LEASEO PREMISES:
Premises is a trust in the hand of TENANT, therefore TENANT must
safeguard the premises and shall be responsible for any damages
caused therein. fteasonable wear and tear is acceptable and TENANT
shall not be liable for that.

10. SUBLET'
a) The TENANT acknowledges that he has no right to assign or
transfer the TENANCY CONTRACT to a Third Party or to
sublet the whole or part of the premises to a Third Party
without prior written permission of the LANDLORD. Such
permission does not relieve the TENANT from its obligations
stipulated in the tenancy contract or lawfully decided and
does not mean authorization of any subsequent assignment
or transfer of the tenancy contract or its subject matter
without prior written consent of the LANDLORD in each
case.

b) In case the TENANT declines to above mentioned in

paragraph(a) from this article, then he undertakes to vacate
the premises and hand it over to the LANDLORD empty
from its belongings and to pay alJ due rent till the expiry
date of the tenancy contract along with any penalty and the
needed maintenance charges

11. TERM & RENEWAL Or CONTRACT'

a)
The tenancy contract is for limited period for THREE years
mincing effecting from 01/08/2020 to 31/12/2023
b)
If the TENANT is not desirous of renewing the lease contract,
he shall advise the LANDLORD in writing at least (90) days
prior to the expiry date of the lease contract, otherwise he
shall be bound to renew for one year.

12. RENT INCREASE:

a)
Both Party agrees that this contract is a long terms contract
and the LANDLORD reserves his right to increase the rental
during the renewal as per the prevailing RERA Rental Index
without any commitment regarding tfie rate of increment
and The LANDLORD has to advise the TENANT at least (90)
days before the expiry date of the contract.

b)
In case the TENANT continues to occupy the Leased
Premises beyond the expiry of the contract without the

Cont. # 11147 3
Signatuie & Stamp
 LANDLORD’s objection then the increased rent decided by
the LANDtORD will apply as per the applicable law.

13. LlAelLlw Or THE PARTNERS:

In case the TENANT of this contract is more than one individual, they will
be jointly and severally liable to all the terms of the contract. Delivering
notification to any one of them will be considered received by all. Each
shall be responsible to abide by all the ob)igatians of the contract since aI!
of them are considered as one party. In case the TENANT is a company or
legal entity, the person or persons who sign on behalf the company shall
be jointly and severally liable for all TENANT’S obligations stipulated in the
contract.

14. DISCLAIMER OF LIABILIw:

The LANDLORD shall not be responsible for any damages to the life or
property of the TENANT or others, due to use of the premises or
access to the premises or its facilities.

15. TENANTS LIABILITY:

a) The TENANT undertakes to indemnify the LANDLORD
against all claims, cost, damages and liability in respect of
any injury or death of any person or damage to any property
arising out of any breach by the TENANT of the lease terms,
or by the use of the premises by the TENANT, other
occupants or guests.
b) It shall be the responsibility of the tenant to insure all the
contents of the rented premises including but not limited to
furniture, fixtures, fittings, decorations, stocks, office
machinery and equipment, etc. including the personal
belongings and effects brought by the tenant and/ or the
tenant’s staff and visitors into the premises against loss or
damage including consequential loss and/ or other types of
insurances that are normally procured for similar business
activities and the Landlord shall not in any way or at any
time acquire any responsibility for any direct or indirect loss
or damage to such contents of rented premises howsoever
occasioned whether through the neglect fault or misconduct
of any servant agent or employee of the Landlord or
otherwise
c) The tenant will indemnify the Landlord and protect him
from and against any and all claims, actions, damages,
liability and/ or expense in connection with loss of life,
personal injury or damage to property, arising from or out of
any occurrence upon or all the leased premises and
including but not limited to swimming pools, health club,
oltices, stairs, elevators, shops, car parking and access roads
if the Landlord without fault on his part should be made a
party to any liability commenced by or against the tenant or
by any person whatsoever because of the tenant, then the
tenant shall protect and hold the Landlord harmless and
shall pay all costs, expenses and legal fees incurred or paid
by the Landlord in connection with such litigation

16. INDEMNIFICATION: .16

) The TENANT undertakes to repair and/or replace any (!
font. # 11147 4
Signnture & Slamp
 damage to the premises or its annexes due to any action or
omission by him and/or action by others during the term
of the contract at its own expenses after obtaining written
consent of the LANDLORO and any consents stipulated by
government, local or other authorities which may
necessitate to repair the damage.

b) The tenant shall guarantee to secure coverage of any repair

arising of damage caused by their use at the expiry of the
tenancy contract. The landlord shall have the right to claim
all expenses required for maintenance work and needed
repairs. This does not extend, in any case the mentioned in
article (6) of this addendum.

17. CLEANLINESS & PUBLIC SAFETY:

The Tenant has to abide to the general hygiene and safety of the
building and to place garbage in the designated area.

18. FORCE MAJEURE : :i LñJl ill . 18

Notwithstanding to what is mentioned in any of the articles of the
TENANCY CONTRACT and its addendum, the LANDLORD and the
tenant shall not be in violation or responsible for non-execution of the
provisions and conditions ol the TENANCY CONTRACT and its
addendum, if due to reason beyond its control and has no hand
therein, force majeure or executing roads, paths, water sewage,
electricity, telephone or other service works.

19. VACATING THE PREMISES:

a) THE LANDLORD has the right for not allowing the TENANT to
vacate the premises in case the full rental amount is not paid
for the full tenancy period.

b) THE T£NANT must inform the landlord the date of

vacating, to keep the buildings’ security informed.

c) THE TENANT must hand over copy of the final DEWA bill
before vacating

20 ALTERATIONS AND IMPROVEMENTS:

a) The TENANT shall not make any changes, alterations,
additions or any new partitions in the premises except
after obtaining prior permission in writing from the
LANDLORD, government authorities and/ or the relevant
local departments.
b) The TENANT undertakes upon vacating the premises due
to expiry or termination of TENANCY CONTRACT to return
the premises to the LANDLORD in the same good condition
as it were at the beginning of the tenancy if requested by
the LANDLORD
c] The second party shall have to right on vacating to remove
COMt.Al1147 5
 any thing fixed or semi fixed, removal of which will cause
damage to the building or the walls unless requested by the
LANDLORD.
d) The TENANT shall pay the rent weekly to the Landlord for
the duration until the premises are returned to its original
state as mentioned in paragraph (b) of this Article and hand
over the same to the LANDLORD at the expiry of the tenancy
contract.
e) TENANT undertakes to provide the LANDLORD a re!ease
document issued by DEWA/ SEWA and ETISALAT.
f) TENANT undertakes to return all keys, cards/ remote
controls for the parking (If available).

21. SIGN- BOARDS'

The TENANT undertakes to refrain from hanging or fixing any
advertising or media signboards, signs or hangings on the premises or
the building where it is located except with due written permission
from the LANDLORD and the relevant government authorities. In case
of violation by the TENANT, then the LANDLORD may remove the
same at TENANT’S expense.

22. ACCESS To PREMISES:

The LANDLORD or his representatives may enter the premises for the
purposes of inspection, or maintenance or repairs or to take necessary
procedures against damages at reasonable time and when necessary.
The foregoing in this article does not mean the LANDLORD consents to
carry out repairs or improvements at its own expense in the premises.

23. CAR PARltlNG:

a) If car parking spaces are available at the building the
Landlord will provide one parking space for each premises
along with remote control/ card if available, the Tenant
commits to change the batteries and to keep safe the
remote control/ card. In case the remote control/ card is lost
or spoiled the Tenant commits to pay Dhs.500/- to the
Landlord, and the Landlord is not committing to provide that
to the tenant free of charge.
b) The Landlord bears no responsibility for any personal injury,
damage loss or theft to the cars parked in the premises, no
matter what the cause. Tenants must ensure that their cars
are fully covered by insurance policy.

l The Landlord has the right to tow any car that has entered
the parking area without permission and impose a fine.
d) The tenant Is responsible for managing the entire parking
lots including regulation of Entry and Exit and maintaining
parking devices and their control units, and violation
resulting from this use falls on the responsibility of the
tenant himself.

24. TERMTNATTON Or THE CONTRACT:

Both Parties agree that this lease contract & Tenancy agreement
should not be terminated during the whole lease period. However
tenancy contract shall expire and the LANDLORD reserves all his rights
with the TENANT including confiscation the rent amount, and rent
amount for the remaining lease period becoming immediately due, in
Cont. # 11147 6
Signature & Stamp
Any of the following cases:
a) In cases on which the law judges termination.
b) In case the TENANT violates the terms and provisions of the (C
law and the contract, or this addendum or rules of conduct
and peace fullness. The Landlord shall have the right to
notify the tenant in writing to vacate the premises within 30
days from the date of notice tenant shall pay for the
remaining rent in full.
c) LANDLORD may have all remedies legally permitted in case (E
bounced cheques form the bank for any reason against the
rent or non-payment of any of them within 30 days from its
due date.
d) In case the tenant desires to vacate the premises or to
revoke the tenancy contract before its expiry date for any
reason not by the landlord, then he has to pay the landlord
the full rent till the expiry date of the tenancy contract and
has no right to detergent for any refund of the rent.

25. HOLDING OVERt

Should the second party or anyone claiming under it remain in
possession of the premises aher the expiry or earlier termination of
the lease, the second party hereby undertakes to pay to landlord,
unconditionally and without any dumer or objection, in addition to the
payments, liquidated damages in an amount of the Hold Over Penalty,
being (10%) from the contract value rent. No such payment or
acceptance thereof by landlord shall however operate as, constitute
or be deemed to be an extension or renewal of the lease period. The
landlord reserves the right to seek damages from second party for
other losses.

26. ENDORSEMENT, FEES, AND TAXES•

a} The Tenant is committed to pay all fees and taxes and value
added tax (VAT) on the leased property and the ratification
of the contract and lease contract registration fees from the
competent authorities fee and any fees and other expenses
required by the landlord and/or official bodies, whether in
the present or in the future.
b) The tenant shall pay all government fees and taxes and Shall
obtain, at his expense, all government approvals and
licenses required to commence his business. The landlord
shall not be responsible for the failure of the tenant in
obtaining any of its approvals and licenses. The tenant shall
therefore have no right to terminate the lease and claim the
balance of the lease value.

27. NoTICES:
a) Any notice, communication or demand to be given or made
by the LANDLORD or TENANT pursuant to the lease shall
be in writing and shall be delivered personally or sent by
registered mail or by fax or E-mail to the other party.

b) Each party undertakes to inform the other party in writing

in case of change in address to that mentioned in the
tenancy contract. if the change has not been informed in
writing, the address mentioned in the contract is valid for
that purpose.
Cont. # 11147 7
 28. APPLICABLE LANGUAGE & CALENDAR:
The Arabic text of the TENANCY CONTRACT with its addendum is the
”original” which shall be referred to in the event of any dispute
between both parties for the interpretation or comprehension of any
of the Articles. In case of any disagreement in the interpretation of
Arabic and English texts, then the Arabic text shall prevail. Time and
date indications shall be interpreted according to the Gregorian
Calendar.

29. APPLICABLE LAWS:

a) This contract is subject to the provisions of Dubai law
no. (26) of 2007 and it s amended law no. (33) of 2008
organizing the relations between the Landlords and
Tenants, the executive regulations thereof and
amendments thereto. AII matters that are not provided
for in this contract are subject to the above law and
amendments thereto.
b) Each and every provision or clause of this contrąct or
the annex thereof that violate Dubai governing law
shall be revoked.
32- This addendum contains thirty two articles including this one. The
tenant confirms that he/ she read all the articles and committed to
abide to all the clauses.

LANDŁORD:
(ALh4Ai0PROPERTT.Co.KL.C)

(Signature)

Tenant

N W Z WEST ZONE SUPERMARKET AND DEPARTMENT STORE L.L.C

(BRANCH)

(Signature, Stamp )

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