DEED OF RENEWAL AND EXTENSION OF LEASE
This Deed of Renewal and Extension of Lease ("this Deed") is made at Mohali on 1 April 2026.
BETWEEN
Sunrise Estates Private Limited, an individual, having its address at X, PAN X, GSTIN X, acting through Mr Rajeev Menon, Director, duly authorised (the "Lessor", which expression includes its successors and permitted assigns);
AND
Northline Logistics LLP, an individual, having its address at X, PAN X, GSTIN X, acting through Ms Farah Qureshi, Designated Partner, duly authorised (the "Lessee", which expression includes its successors and permitted assigns).
The Lessor and the Lessee are each a "Party" and together the "Parties".
RECITALS
A. The Original Lease. By a Lease Deed dated 2 April 2026 (the "Original Lease"), the Lessor demised to the Lessee the premises described in Schedule I (the "Premises") for a term commencing on 4 April 2026 and expiring on 5 April 2026.
B. Stamping and registration of the Original Lease. The Original Lease was duly stamped. The Original Lease was registered in the Office of the Sub-Registrar at Mohali on 3 April 2026 as Document No. HVL5-04217-2019, Book No. 1, Volume 312, Pages 88 to 141.
C. The Parties. The Lessor and the Lessee named in this Deed are the same persons who executed the Original Lease.
D. The present position. Immediately before the Renewal Commencement Date the monthly rent payable under the Original Lease is ₹25,000 (Rupees Twenty Five Thousand only), and the Lessor holds a refundable security deposit of ₹25,000 (Rupees Twenty Five Thousand only) paid by the Lessee under the Original Lease. The Lessee is in possession of the Premises.
E. The renewal. The Parties have agreed to renew and extend the Original Lease in exercise of the option of renewal contained in the Original Lease, on the terms recorded in this Deed.
NOW THIS DEED WITNESSES as follows.
- 1. DEFINITIONS AND CONSTRUCTION
1.1 "Renewal Commencement Date" means 6 April 2026. "Renewal Expiry Date" means 7 April 2026. "Renewed Term" means the period from the Renewal Commencement Date to the Renewal Expiry Date, both days inclusive. "Jurisdiction City" means Mohali.
1.2 Words and expressions defined in the Original Lease carry the same meaning in this Deed unless defined differently here.
1.3 This Deed is supplemental to, and shall be read together with, the Original Lease as one instrument. Where the two conflict in relation to the Renewed Term, this Deed prevails.
- 2. RENEWAL AND EXTENSION
2.1 The Lessor renews and extends, and the Lessee accepts the renewal and extension of, the lease of the Premises for a further term of five (5) years commencing on the Renewal Commencement Date and expiring on the Renewal Expiry Date.
2.2 The Premises shall continue to be used for office and back-office use and for no other purpose without the Lessor's prior written consent.