This Lease Deed is made at Mohali on 1 April 2026.
BETWEEN
Shreeji Estates Private Limited, an individual, holding PAN AABCS1234F and GSTIN 27AABCS1234F1ZQ, of X, acting through Mr Rakesh Shah, Director, duly authorised (the "Landlord", which expression includes its successors in title and permitted assigns) — of the ONE PART;
AND
Northline Logistics Private Limited, an individual, holding PAN AACCN5678K and GSTIN 27AACCN5678K1Z5, of X, acting through Ms Anita Rao, Authorised Signatory, duly authorised (the "Tenant", which expression includes its successors and permitted assigns) — of the OTHER PART.
The Landlord and the Tenant are each a "Party" and together the "Parties".
A. The Landlord is lawfully seised and possessed of, and is entitled to grant a lease of, the godown described in Schedule A (the "Premises").
B. The Tenant has inspected the Premises and its access, structure, flooring and services, and has agreed to take the Premises on lease for the use set out in Clause 5, and the Landlord has agreed to grant that lease, on the terms below.
C. The Premises form part of Focal Point Industrial Area, Ludhiana and are held subject to the terms of allotment and the regulations of the corporation or authority administering that estate (the "Estate Authority").
NOW THIS DEED WITNESSES AS FOLLOWS:
1.1 The Landlord hereby grants to the Tenant, and the Tenant hereby takes, a lease of the Premises for a term of 9 years and 6 months commencing on 2 April 2026 (the "Term"), together with the right to use the common access roads, gates and services serving the Premises.
1.2 This Deed creates a lease within the meaning of s.105 of the Transfer of Property Act, 1882. The Tenant shall have exclusive possession of the Premises during the Term, subject only to the Landlord's rights of entry under Clause 9. This Deed is not a leave and licence arrangement, and neither Party shall contend otherwise.
1.3 The Parties record that a lease for a term exceeding one year must be made by a registered instrument under s.107 of the Transfer of Property Act, 1882 and is compulsorily registrable under s.17(1)(d) of the Registration Act, 1908, and that an unregistered lease is inadmissible under s.49 of that Act. The Parties shall complete registration as provided in Clause 20.
2.1 The Tenant shall pay to the Landlord rent of ₹6,00,000 (Rupees Six Lakh only) per month (the "Rent"), exclusive of GST, in advance, on or before day 7 of each calendar month, by electronic transfer to the bank account the Landlord notifies in writing. Rent for a part month is payable pro rata.