RENTAL AGREEMENT

THIS RENTAL AGREEMENT is made and executed this 15th day of September
Two Thousand Twenty-Three (15/09/2023) at Bangalore. BETWEEN;

Smt. SUSHEELAMMA, aged about 58 years, W/o Late. Sriramaiah,

Residing at: No.12, 1st Main Road, Avalahalli Village, Virgonagar Post,
Bnagalore-560049, AADHAAR No.6312 7247 6916.
(hereinafter referred to as the "LESSOR", which expression, unless and
otherwise repugnant to the context, deemed to mean and include heirs,
legal representatives, executors, administrators and permitted assigns) by
operation of law of the ONE PART:
AND
Tan90 Thermal Solutions Pvt. Ltd
No. 1/52, Ponniamman Koil Street, Moulivakkam,
Kundrathur Taluk, Chennai - 600125
Tamil Nadu, +91 89258 00798, +91 8220682146
GSTIN 33AAHCT1080F1ZN.
e-PAN AAHCT1080F
Represented by its director
SOUMALYA MUKHERJEE
hereinafter referred to as the "LESSEE", which expression, unless and
otherwise repugnant to the context, mean and include its successors-in-
office and assigns by operation of law of the OTHER PART:

WITNESSES AS FOLLOWS: -

WHEREAS the Lessor is the absolute owner in possession of a Commercial

A C Sheet roofed premises constructed in ground floor at Sy No.59/3D2, at
Cheemasandra, Bidarahalli Hobli, Near Narayana College, Virgonagar Post,
Bangalore – 49. And the Go down is equipped with 65-HP electricity and
rolling shutters facilities, The Go-wdown faces towards South, the Gowdown
measures 4200Sq ft, land and bounded on the East by: Godown No.1, West
by: Remaining Portion and Road, North by: Remaining Portion and South by:
Road & Remaining Land,

WHEREAS the Lessee has been on the lookout of suitable premises for
their use as a Go-down and the Lessor has offered the Lessee the
property/premises described in the Schedule herein and the parties after
mutual discussions have agreed to the following terms and conditions: -

WHEREAS the Lessor hereby declares that the said Schedule Property is
free from all encumbrances, and has not been alienated to any person; and
there are no subsisting agreement for sale, memorandum of understanding
or lease has been entered into with any person in respect of the Schedule
Property as on this date and that the Lessor is absolutely possessed and
seized of and/or otherwise well and sufficiently entitled to lease out the
Schedule Property and that the entire Schedule Property has been lawfully
converted for commercial use.

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WHEREAS the Lessor has represented that there is no impediment for
grant of lease of the Schedule Property by the Lessor and its commercial
use thereof for the activities of the Lessee disclosed herein.
NOW THIS DEED WITNESSETH AS FOLLOWS:

1. PREMISES
The Lessor hereby agrees to give on lease the Schedule Property to the
Lessee and the Lessee herein agrees to take on lease the Schedule
Property from the Lessor for use as go down/storing
goods/production/manufacturing facility.

2. RENT
The monthly rent payable by the Lessee to the Lessor for the aforesaid
Schedule Property shall be Rs.65,000/-(Rupees Sixty Five Thousand Only),
without any abatement shall be payable by the 10 th day of every English
Calendar month for the preceding month, by cheque payable at Bangalore.
The Lessee shall issue the certificate of tax deducted at source once in
every financial year. The monthly rent shall be increased by Five percent
(5%) over the existing rent on completion each twelve months period. The
monthly rent payable shall be paid by crossed cheque/Online Transfer in
favour of the Lessor.

2a. I Lessor herein requested and given consent about the monthly rent
and security deposit should pay to my son Mr.Manjunath S S/o Late.
Sriramaiah, and his Bank Account No.50100269351067, HDFC Bank,
Hosakote, Branch, Bangalore-560049 (IFCS CODE: HDFC0001037).
AADHAAR No.5389 8764 9815
PAN No.ALXPM6884C

3. DURATION

The lease shall commence from the 15th day of September 2023 and shall
be in force for a period of 60 months only. With Lock in Period with 12
months.
4. TAXES AND ASSESSMENT CHARGES
The Lessor shall pay all statutory dues such as taxes, rates, assessment
charges and other out goings of every description including
corporation/municipal (property) taxes which under the statute are primarily
leviable unto the Lessor and shall keep the Schedule Property free from all
encumbrances and interference in this behalf.

5. ELECTRICITY AND WATER CHARGES

Separate bore well and other meters shall be provided by the Lessor for the
schedule property. The Lessee shall pay directly to the concerned
authorities, every month, the electricity charges for the electricity
consumed for its own use as per the actual meter readings during the
period of lease. (And also bore well repair expenses should be paid by the
tenant only) Subject to borewell handed over.

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6. NATURE OF USE PERMITTED
i) The Lessee shall be entitled and permitted to use the Schedule
Property for commercial/ purposes, i.e., (manufacturing/Production &
fabrication work), housing its godown. The Lessee can install name
boards, neon signs etc., for its use on the Schedule Property, which
also covers the common areas and the Lessee/their clients shall be
entitled to drive the trucks inside the compound in order to load/unload
the goods and materials.

ii) Further, the Lessee shall not carry on any offensive trade, business or
manufacture of any nature whatsoever in the Schedule Property. The
Lessee shall not use the Schedule Property for any other unlawful
activity. The Lessee shall not act or conduct itself contrary to any of the
laws for the time being in force during the subsistence of the lease.

iii) The Lessee shall be free to carry out any interior decorations in the
Schedule Property and also carry out such modifications and
alterations in the Schedule Property, so as to suit its requirement. and
the Lessor shall have no objection for the same.
(main structure of the godown.
iv) The Lessor or any of the other lessees shall not do anything to
obstruct the view of the boards of the Lessee or to hinder the view of
the lessees office or sign boards.

8. USE BY ASSOCIATE OR SISTER CONCERN/COMPANIES:

8.1 The Lessor shall not object to the use of the premises by any of the
Lessees group institutions/affiliates, subsidiaries or associates and the
terms of this agreement shall be binding on such bodies/institutions.

8.2 The Lessee shall be entitled to sublet or otherwise part with any part
of whole of the demised premises to any person/firm or company, without
absolving themselves from the obligations under this agreement. The
covenants of this agreement shall be binding on the sub-lessee/assignee.

9. MAINTENANCE

i) The Lessee shall maintain and keep the interiors of the Schedule
Property in a fit and proper state subject to normal wear and tear by day-
to-day maintenance at its own cost.
ii) The Lessee on expiry of the lease or earlier termination thereof, shall
peacefully leave the Schedule Property in such good order and condition
as they were at the commencement of the lease subject to normal wear
and tear. Further, RCC Flooring, the Lessee shall hand over the keys of
the Schedule Property to the Lessor.

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iii) The Lessor or his representatives/agent shall be entitled to enter into the
Schedule Property only for inspection or carrying out any repairs at
reasonable hours, after giving due notice.

10. LESSOR COVENANTS

The Lessee paying the rent hereby reserved and observing and performing
the terms, conditions and covenants of the lease herein contained shall be
entitled to quiet use of the Schedule Property under the lease and peaceful
enjoyment of the Schedule Property without any manner of let, hindrance,
interruption or disturbance by or from the Lessor or by any person or
persons claiming through under or in trust for the Lessor or their
representatives. If however during the subsistence of the lease the Lessor
desires to sell the Schedule Property, the Lessee shall be given the first
preference to buy. However in case the Lessee does not opt to purchase
the property and if the property is then sold to any third party, such sale
shall not have the effect of the termination of the tenancy of the Schedule
Property under any circumstances and the tenancy shall continue for the
entire lease period, and these terms and conditions shall be binding on
any intending purchaser/s.

The Lessor shall under no circumstances approach any of the Lessee’s

clients and offer the premises/schedule property to them on lease or under
any other arrangement whatsoever.

11. LESSEE COVENANTS

To pay taxes, levy of charges imposed by the state/central

Governments/local authorities or any other authority in respect of the
Lessee’s trade or business in or upon the Schedule Property.

12. TERMINATION OF THE LEASE

The lease shall be determinable under all or any of the following
circumstances, namely;

i) By efflux of time;

ii) in the event of non-payment of rent by the lessee for a period of three
(3) English calendar months;

iii) in the event, either party breaches the terms, conditions and covenants
hereof and fails to correct such breach or breaches within 15 days after
receipt of written notice specifying the nature of the breach or breaches;

iv) That if the Schedule Property or any part of it is severely damaged or

destroyed due to any unforeseen circumstances or civil commotion, act
of God, etc. and these damages are not restored by the Lessor within a
reasonable time (not exceeding one month in any case), the Lessee
shall have the right and option to terminate the lease upon notice
(expiring any time after the expiry of three months from the date of

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 occurrence of such damage) to the Lessor, before the expiry of the
period of the lease and the Lessor shall have no objection regarding such
termination. All the same the lessee shall not be liable to pay any rent
during such period till the premises is restored back to its previous form
and convenience. Lessor would be responsible to insure the schedule
property to ensure both the Lessor and the Lessee’s interest in case of
loss due to natural calamity or accidents. Inventory of all electrical
installation and other fixture etc. provided by the Lessor should be
prep[ared by the Lessor and jointly signed between both parties before
entering into this contract to avoid conflict at a later stage and the
Lessee will not be responsible in absence of the said inventory list duly
signed. Lessee will not be responsible in any way to paint the building or
any part of the Scheduled property during the contract period or at the
time of vacating the premises.

v) The current lease may be terminated by the Lessee or the Lessor (for
reasons other than those mentioned above) by giving 3 (three) months
notice in writing without having to specify any reason for the same.
However, neither the Lessor nor the Lessee shall terminate the lease
before the expiry of eleven months. However, the Lessee may opt to
terminate the lease in order to occupy or take on lease another
premises belonging to the Lessors or anyone of the Lessors, and such
determination shall be valid and binding, even if it is made within a
period of twelve months from this day.

13. VACANT POSSESSION

1. The Lessee shall vacate the Schedule Property upon the expiry of the
said term or on earlier termination, if any, in good condition with all
fixtures, fittings and electrical installations belonging to the Lessor,
subject to reasonable wear and tear.

2. The Lessee shall also hand over the keys of the Schedule Property
upon the expiry of the said term or earlier termination, if any to the
Lessor., and the Lessor shall simultaneously refund the security deposit
.

14. NOTICES
Any notice required to be given or served under this Lease and not
otherwise provided for shall be deemed to be sufficiently served on the
Managing Trustee for and on behalf of the Lessee if forwarded by
registered post with acknowledgment due to the address stated herein
above and likewise shall be deemed to be sufficiently served on the Lessor
if addressed to him by Registered Post with acknowledgment due also at
the address stated herein above and a notice so sent by post will be
deemed to be served at the time when it ought, in due course by post, be
delivered at the address to which it is sent.

15. ARBITRATION
All disputes, differences, claims and questions whatsoever which shall
arise either during the continuance of this lease or afterwards between

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the Lessor and the Lessee, touching or concerning this lease or any clause
herein contained or as to any act or omission of any party or as to any
other matter in any way relating to this lease or the rights duties or
liabilities of any party under this lease, the same shall be referred to
arbitration in accordance with the provisions of The Arbitration and
Conciliation Act, 1996 or any re-enactment or modifications thereof for the
time being in force. The place of arbitration shall be Bangalore and the
language shall be English. The award of the arbitrator would be final and
binding on both the parties.
16. SECURITY DEPOSIT
(i) The Lessor agrees to pay the Lessee a sum of Rs.3,25,000/-
(Rupees Three Lakhs Twenty Five Thousand only) towards
interest free refundable security deposit in the following manner:

i.

ii.

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17. OTHERS

(a) The Lessor hereby declares that this agreement is executed by the
Lessee expressly upon the faith and strength of such declarations of
the Lessors that the schedule property is equivalent to free hold
property and that there are no outstanding encumbrances, charges,
mortgages, notices for acquisition, easement nor is it subject matter
of any pending suit or attachment either before or after judgment,
and the other than the Lessor no other person has any right, title,
interest,
or claim on the schedule property, and that the schedule property is
lawfully converted for commercial use and the Lessor is duly
authorised to execute this deed for and on behalf of the Lessor.

(b) The Lessor hereby agree and state that the entire schedule property
or leased property shall be treated as one single unit and that the
lessor or any one of them shall not call upon the Lessee to vacate a
portion or part of the schedule property.

SCHEDULE OF PROPERTY LEASED

All that piece and parcel of a Commercial A C Sheet roofed

premises constructed in ground floor at Sy No.59/3D2, at Cheemasandra,
Bidarahalli Hobli, Near Narayana College, Virgonagar Post, Bangalore – 49.
And the Go down is equipped with 65-HP electricity and rolling shutters
facilities, The Go-wdown faces towards South, the Gowdown measures
4200Sq ft, land and bounded on the East by: Godown No.1, West by:
Remaining Portion and Road, North by: Remaining Portion and South by:
Road & Remaining Land

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IN WITNESS WHEREOF the Lessor and the Lessee have hereunto set and
subscribed their hands on the day, month and year first above written.

SIGNED AND DELIVERED BY The SIGNED AND DELIVERED BY

LESSOR The LESSEE : Tan90 Thermal
MRS. SUSHEELAMMA. Solutions Pvt. Ltd
Represented by its director
SOUMALYA MUKHERJEE

In the presence of In the presence of

Mr. ……….. Mr. ………..

Son of ______________ Son of ______________

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