DEED OF LEASE OR TENANCY AGREEMENT

THIS DEED OF LEASE is made on this 10th of October two thousand twenty three of the Christian
era at Dhaka.
BETWEEN
M/s. Nahar Chowdhury & Sons, Ka-28/1, Kuril, Pragati Sarani, Vatara, Dhaka- 1229, represented by
its Managing Partner Akbar Hossain Chowdhury, National ID # 7325078520 , hereinafter referred to
as the FIRST PARTY/LESSOR (which expression where the context so admit) shall mean and include
its successors, executors, administrators, representatives and assigns of the one part.
AND iStock BD Limited represented by Hasan Uzzaman Tanvir (Director, iStock BD Limited)
National ID 19924819227000082 of address: 21/B, Level-5, Garden Road, Karwan Bazar, Tejgaon,
Dhaka-1215; hereinafter referred to as the SECOND PARTY/LESSEE (which expression, where the
context so admit) shall mean and include his /its successors, executors, administrators, representative
and assigns of the other part. WHEREAS, the First party is the owner and is absolutely sized and
possessed of, or otherwise well and sufficiently entitled to commercial building named Apeiron S.
Nahar situated at Ka-28/1, Kuril, Pragati Sarani, Vatara, Dhaka- 1229.
AND WHEREAS, in consideration of the rents hereby reserved and of the covenant, condition
and agreements hereinafter contained the LESSOR has agreed to let and the LESSEE has agreed to
take, total 1000 sqft within 3rd floor of a 10 storied commercial building (B+ G + 9) of the demise
premises for a term of 5 years.

NOW THIS DEED WITHNESSES AND THE PARTIES MUTUALLY AGREED AS

UNDER:

1. That this LEASE shall be valid for a period of 05 (five) years with effect from 1st November 2023
to 31st December 2028. The agreement will be effective from1st November 2023 as the tenant is
supposed to enjoy one month (November, 2023) as grace period.

2. That the SECOND PARTY shall pay to the FIRST PARTY the mutually agreed rent @ TK
55.00 (TK. Fifty Five Only) per Sqft/month or approximately total TK. 55,000.00 (TK. Fifty five
Thousand Taka only) excluding all utility bills and service charges per calendar month based on actual
measurement to be determined at the time of handing over and the rent for every month is payable in
advance on or before 07th day of the month to which relates.

3. That the SECOND PARTY shall not sub-let any portions of the premises occupied by them
and shall use the premises by themselves other under their own occupation. The SECOND PARTY
shall not use any common space for storing any items there even for a short period.
4. That the SECOND PARTY shall enjoy grace period for the first one month (November, 2023).
During this grace period the SECOND PARTY is not supposed to pay any monthly rent but
should pay all utility and service charges/ bills.
5. That the SECOND PARTY has paid an amount of BDT (229,800.00 Tk) Total Two lac twenty nine
thousand eight hundred taka only through cheque no…., ...................................................... ,and
………….
6. That the SECOND PARTY shall be allowed to use parking space for four (1) cars only.
7. That the SECOND PARTY should follow all legal laws, rules and regulations by Bangladesh
Government for doing their business in said premise.
8. That the SECOND PARTY shall pay the service charge (security, common spaces’ electricity bill,
water bill, cleaning charge) as 7 TK Per square feet without generator service. For getting the generator
service the fuel cost should be shared by the tenant at the end of every month as their respective share.
10. That the SECOND PARTY should not use the rented premise for any illegal activities.
11. That the remaining Security Deposit shall be returned to the Second Party by the First Party provided
that the Second Party meets the following requirements:

I. I. no damage has been done to the Demised Premises and the entire Demised Premises
is clean and free of dirt, garbage, debris, and is broom-clean and Demised Premises shall be
returned to the First Party in reasonable condition;

i. all rent, fees, and charges have been paid in full;

ii. all Lessee’s utility bills have been paid as evidenced by money receipts from
concerned utility company till date in full;

iii. all shutters and doors to the Demised Premises are left open with no bar to
movement into and out of the Demised Premises;

iv. keys, access cards, as applicable, are returned to the First Party.Any remaining
Security Deposit shall be returned to the Second Party by the First Party within 7 days
after Tenant vacates and hands over the Demised Premises to the First Party.

I. II. The First Party shall have the right to deduct from the Security Deposit costs
incurred by the Lessor in the following circumstances:

i. i. in repairing any unrepaired damage to Demised Premises or common areas caused by

the negligence, carelessness, accident, or abuse by the Second Party or his/her guests
etc.;

ii. ii. unpaid rent, Common charges, late charges and penalties, charges paid by the First Party
on behalf of the Second Party;

iii. iii. Second Party’s unpaid utility charges;

iv. iv. cleaning costs, key/lock replacement costs for unreturned keys;

I. III. A written accounting of said charges shall be presented to the Second Party within [7
(SEVEN) days] of move-out. If deposits do not cover such costs and damages, the Second Party
shall immediately pay said additional costs for damages to the First Party.

I. IV. If the contract is renewed, the Security Deposit amount shall remain as Security Deposit
with the First Party for the extended Rent Period and the amount may vary as mutually
decided by the Parties.
12. The Second Party shall pay the rent of the Demised Premises on or before the 7th day of each month
according to the calendar year for which the rent is due i.e. the current month positively. The payment
shall be made in favour of the [Lessor, “ ......................................... ” by A/C Payee Cheque or as
otherwise directed, in writing, by the Lessor]. The Lessor or her authorized representative shall
acknowledge the receipt of the payment by issuing a money receipt against every monthly payment
of rent.

13. Any legal issues arising as any consequence, shall be paid by the Second Party in full and hence
resolve the matter taking prior permission from the First Party.

14. In case of any default regarding payment of the monthly rent for consecutively [3 (three)] calendar
months, the Agreement shall automatically be terminated, and the First Party shall acquire the
legal right to adjust the due rent with the Security Deposit and a further 3 months’ rent shall be
deducted from the security deposit.

15. It is agreed by the Second Party that there shall be a 15% increase on the rent after 3 years.
16. That the Second Party shall pay in addition to premise rent, the electric bill (as per metre reading).
The above charges should be cleared by the Lessee every month. In default, he/she will be liable to
pay inclusive of Penal charges.

17. The Second Party shall, promptly and within the designated deadline, every month, pay all utilities
(i.e. electricity, telephone, internet etc.) consumed in the Demised Premises and shall provide the copies
of evidence of payment for electricity, gas to the First Party no later than every following month and
this process shall continue up to the end of Rent date.

18. That the Second Party shall be able to leave the premise by serving a 3 (three) months’ notice to
the First Party. In case Second Party fails to give such notice the Second Party shall be liable to pay 1
(one) month rent. The First Party shall also have the right to give 3 (three) months’ notice to the
Second Party whereupon the Second Party shall have to vacate the Scheduled Premises.

19. The first party would not be liable for anything related to the business of the Second Party similarly
The second party would not be liable for anything related to the business of the first party.

20. That the Second Party shall take proper care to all electric, sanitary, bathroom fittings, tap, switch,
and fixtures with its lines to maintain on good order. For any damage, the Second Party shall have to
bear the cost at market price.

21. If the Second Party wants to make any change, alternation, modification, rectification of the
building within the leased area, then in order to do so the Second Party shall have to take the consent
of the First Party.

22. That Land Revenue, Municipal Tax, AIT and any other Taxes shall be paid by the First Party.

23. That the VAT shall be paid by the Second Party.

24. The Second Party agrees not to make loud noise in the Premises and keep a calm and peaceful
environment.

25. The Second Party shall vacate the Schedule Premises on the expiry of the Agreement (If not
renewed) (i.e. 31st December 2029). After this period (i.e. 5 years).

26. The First Party may enter, inspect, and/or repair the Demised Premises at any time in case of
emergency or suspected abandonment. The First Party shall give 24 (twenty-four) hours advance notice
and may enter for the purpose of showing the Demised Premises during normal business hours to
prospective renters, buyers, lenders, for smoke alarm inspections, and/or for normal inspections and
repairs. Also, the First Party shall make alterations, repairs and maintenance when necessary. In
the case of Emergency wherein entry to the Demised Premises is required to protect the Demised
Premises or the building from imminent damage the advance notice shall not be required to attend to
the incident.

27. The Second Party shall deposit all garbage and waste in a clean and sanitary manner into the proper
receptacles and shall co-operate in keeping the garbage area neat and clean. Also, the Second Party
shall be careful as to disposing of items of such size and nature which are fit to put into the garbage
hauler. Moreover, the Second Party shall keep the kitchen and bathroom drains free of things that
may tend to cause clogging. The Second Party shall be responsible to pay to clear out any fixture i.e.
waste pipe, bathtub, sink, if it is clogged because of the Second Party.

28. The laws of Bangladesh shall govern the validity, performance and all other matters relating to
the effect of this Agreement and any amendment hereto. Any disputes, controversies, and claims
arising out of or relating to this Agreement or concerning the respective rights or obligations
hereunder of the Parties shall be settled through arbitration as per Arbitration Law of Bangladesh/
by the competent court of the jurisdiction.

29. This Agreement shall be executed in two sets, each of which will be an original as regards
any Party whose name appears thereon and all of which together will constitute one and the same
instrument.
 SCHEDULE OF THE DEMISED PREMISES

Ka-28/1, Kuril, PragatiSarani,Vatara, Dhaka- 1229, Bangladesh.

IN WITNESS WHERE OF the parties here to have put their respective signatures hereunder on the
day, month, and year as written above.
WITNESSES:

1. 1. …………………………… 1.
………………………………….
(First Party) Name:

1. 2. …………………………… 2.
………………………………….
(Second Party) Name: