ADDENDUM TO LEASE — CHANGE OF AREA OR RENT
This Addendum is made at Chandigarh on 2 April 2026
BETWEEN
Sethi Estates Private Limited, of House No. 1204, Sector 33-C, Chandigarh 160020, acting through Harpreet Kaur Sethi, Director, authorised by board resolution dated 4 March 2026, PAN AABCS1234K, GSTIN 03AABCS1234K1ZQ (the "Lessor", which expression includes the Lessor's successors in title and permitted assigns);
AND
Northline Analytics Private Limited, of Plot No. 8, Phase 8-B, Industrial Area, S.A.S. Nagar (Mohali) 160055, acting through Rohit Nair, Director, authorised by board resolution dated 6 March 2026, PAN AAECN5678L (the "Lessee", which expression includes the Lessee's successors and permitted assigns).
The Lessor and the Lessee are together the "Parties" and each a "Party".
RECITALS
A. By a lease dated 1 April 2026 (the "Lease"), the Lessor demised to the Lessee the premises described as: Unit 305, Third Floor, Tower B, Bestech Business Tower, Plot No. C-2, Sector 66, S.A.S. Nagar (Mohali) (the "Premises"), situated within the State of Punjab. The Lease is registered as follows: Document No. 2214/2022, Book I, registered on 5 April 2022 at the office of the Sub-Registrar, S.A.S. Nagar (Mohali).
B. The Premises presently comprise 2,400 square feet, and the rent presently payable under the Lease is ₹3,60,000 (Rupees Three Lakh Sixty Thousand only) per month. Unless sooner determined, the term of the Lease expires on 3 April 2026. The Lease is subsisting and neither Party has served notice to determine it.
C. The Parties have agreed to vary the Lease as recorded in clause 2 below, and are executing this Addendum to record that variation, the date from which it takes effect, and to confirm that the Lease otherwise continues unchanged.
NOW THIS ADDENDUM WITNESSES as follows.
- 1. DEFINITIONS AND INTERPRETATION
1.1 Words and expressions defined in the Lease have the same meaning in this Addendum unless this Addendum provides otherwise.
1.2 This Addendum is supplemental to the Lease and forms part of it. From the Effective Date, references in the Lease to "this Lease" are to be read as references to the Lease as varied by this Addendum.
1.3 "Effective Date" means 2 April 2026. "Term" means the term of the Lease.
1.4 If there is any conflict between this Addendum and the Lease on the subject of the area of the Premises or the rent payable for them, this Addendum prevails. On every other subject, the Lease prevails.
- 2. THE CHANGE
2.1 The Parties record that the change made by this Addendum is a change in the area of the Premises, the rent otherwise continuing as fixed by the Lease, with effect from the Effective Date.
Change in area. With effect from the Effective Date, the Premises are varied by way of an expansion, the Lessee taking additional space adjoining the Premises: the Premises as varied comprise 3,000 square feet in place of 2,400 square feet. The whole of the adjoining Unit 306, Third Floor, Tower B, Bestech Business Tower, measuring 600 square feet, taken as additional space contiguous with the existing Unit 305 and opened into it through the party wall shown on the floor plan attached to this Addendum The floor plan or schedule attached to this Addendum, initialled by both Parties, shows the Premises as varied, and prevails over the preceding sentence if the two are inconsistent. Every reference in the Lease to the Premises, to their area, or to a schedule or floor plan of them, is from the Effective Date a reference to the Premises as varied by this clause. The rent, security deposit, maintenance and common-area charges, and every other sum in the Lease calculated by reference to the area of the Premises, are correspondingly adjusted with effect from the Effective Date only to the extent this Addendum expressly states, and not otherwise. The Lessee's obligation under the Lease to reinstate and hand back the Premises at the end of the Term applies to the Premises as varied by this clause, and to any of the Lessor's fixtures handed over with the additional space. The Lessee shall additionally pay the Lessor ₹1,50,000 (Rupees One Lakh Fifty Thousand only) by way of additional security deposit for the additional area, within thirty days of the date of this Addendum, held on the same terms as the deposit under the Lease and refundable with it and at the same time.