Leave and License Agreement

This Agreement of Leave and License is made at Pune on this Saturday 1st of June 2013.

BETWEEN

Mr. Holi Ratnakar, Age 34 years, Occupation- Service, Address-Durgabari, bhatta bazaar, Purnea, Bihar-854301, his Pan no.AIFPR80457.

Hereinafter referred to as ‘The Licensor’

As the Party of the First Part

AND

Mr. Adhish Prabhakar, Age 32 years, Occupation- Service, Address- House No:77,Sector 3, Nanak Nagar, Jammu Tawi, Jammu & Kashmir-

180004,his PAN card no.AQJPP3970F.herein after referred to as the Licensee which expression shall unless it be repugnant to the context or meaning thereof shall mean and include their legal heirs, executors, administrators and assignees.

As the Party of the Second Part

WHEREAS

a) The Property at Flat No. 204,Wing C, Ganeesham Phase 2, Near Govind Garden, Pimple Saudagar, Pune. Well sized and possessed and owned by the Licensors hereunder written and herein after for the sake of brevity and convenience referred to as ‘the said Flat / Premises’.

b) As the licensor is not temporarily in need of occupation of the said flat / premises.

c) The Licensee have approached the Licensor with a request to allow the Licensee to temporarily occupy and use the said flat for his personal residential purpose,

d) The Licensor have agreed on the basis of Leave and License to the Licensee to occupy and use the said flat / premises only for his personal residential purpose.

NOW IT IS AGREED BY AND BETWEEN THE PARTIES HERETO AS FOLLOWS:

1) Description of the Property :

Flat No.204, Wing C, Ganeesham Phase 2, Near Govind Garden, Pimple Saudagar, Pune has an approximate area of about 63.45

Sq Mtrs (Carpet) +4.65 Sq Mtrs (Attached Terrace) with all electrical points, fixtures and fittings , fans, boilers, taps, hot and cold water mixers and showers, and appurtenances there to along with electricity meter, exclusive reserved covered car parking (2 nos). The premise is within the jurisdiction of Pune Municipal Corporation.

2) Terms of Payment of Agreement

The Licensee will pay to the Licensor a License Fee of Rs.14000/- per month (Rs. Fourteen Thousand only) inclusive of Society Maintenance, in advance every month on or before Fifth Day of each English Calendar Month in cash and or by local bank cheque or demand draft or by online bank transfer. Electrical charges, at actual will be paid by the Licensee on due dates to MSEB and receipts given to the Licensors for their records. The Licensors acknowledge the receipt of the Security Deposit of Rs.50000/- (Rs. Fifty Thousand only) paid by the Licensee on 14-02-2012 by cash or cheque or by online bank transfer. And hence there is no need of separate receipt being issued. This Security Deposit will be refunded without any interest by the Licensors to the Licensee at the time of handing over vacant and peaceful possession of the flat to the licensors after deductions if any towards damages, repairs, outstanding electricity and maintenance bills etc.

1) The Licensor herby grant the permission to the Licensee to occupy and use the said flat / premises for the purpose of his sole residence on Leave and License basis for a period of eleven months starting from 1st Jan 2015 to 30th November 2015.

4) All the municipal taxes and other taxes and levies, building maintenance charges of the housing society in respect of the licensed flat / premises will be paid by the Licensor. There will be an increase of 10% in the monthly rent after 11 months of successful completion of the agreement period

5) The original agreement will always remain with the Licensor and a copy of the stamped duly signed by both the parties shall be retained by the Licensee.

6) The Licensed premises are given to the Licensee for his personal residential use only and the Licensees will not be entitled to rent, sublet or transfer the benefit of this agreement to anybody else or will not be entitled to allow anybody else to occupy the premises or any part thereof except her family members. Nothing in this agreement shall be deemed to grant a tenancy right and the Licensee agrees and undertakes that Licensee shall take up no such contention at any time.

7) The Licensee shall maintain the said flat in good livable condition and will not cause any damage thereto. If any damage is caused to the licensed premises or any part thereof by the Licensee the same shall be made good by the Licensee by repairing, replacing, rectifying the damage or by paying cash compensation as may be determined by the Licensor. The Licensor will be responsible for rectification of major defects such as leakage, seepage or any other major repairs of the flat.

8) The Licensee will not carry out any work of structural nature, repairs or additions or alterations of any kind in the licensed flat without informing the Licensor in advance and seeking their written permission.

9) The Licensee will not cause any nuisance or annoyance to the people in the neighborhood or in the housing society or store any explosives, armaments, dangerous inflammable, hazardous narcotic materials and equipment in the said flat.

10) The Licensor will have all the time unobstructed right to inspect the flat with prior notice and the Licensee shall not raise any objection for it.

11) If the Licensee commits any breach of the terms and the conditions of this agreement the Licensor shall be entitled and have the rights to terminate this agreement by giving thirty days prior notice to the Licensee and initiate action to protect interest of Licensor.

12) The parties of this agreement are option to leave the said premises and or authorized to vacate the said premises without completing the period of 11 months as a stated

herein before to giving one Month prior notice to that intention to each other in advance.

13) On the expiration of the said terms or the period of this License the Licensee shall stop the use of the said flat / premises and handover vacant and peaceful possession of the licensed premises to the Licensor without demure or protest in the same condition in which the Licensee had taken the possession.

14) If the Licensees fail to vacate the licensed flat after termination of this agreement then the Licensor will be entitled to remove all the belongings of the Licensee from the said licensed flat on their own and take the possession of the said flat by force.

15) This agreement will always subject to the provisions of section 24 of Maharashtra Rent Control Act 1999 in case of default.

16) The licensee can get, if they so desire, the installation of cable and internet connections at their own cost and themselves pay the monthly subscription to the service providers.

IN WITNESS WHEREOF THE LICENSOR AND LICENSEE have here to put their hands and signed on the day and date mentioned herein above.

Dated at Pune on 31st of March 2012.

Licensor

Mr. Holi Ratnakar

Licensee

Mr. Adhish Prabhakar

Witness