01 —— ef : Please affix stamp of Rs. (Special Adhesive~Gujarat; i LEASE DEED THIS INDENTURE,OF LEASE made at onthe dayofthe monthyofghe yearTwo thousand + _ between the Gujarat industrial Development ‘Corporation, a Corporation constituted under provisions of Gujarat Industrial Development Act 1962 and having its Head office at Udyog Bhavan, Sector-11, Gandhinagar. (hereinafter called "the Lessor* which expressign shall, uniess the context does not so admit, include its successors and assignees) ofthe firstpartandShvMs, Residing at _ a firm! company/society, Act, consisting of registered under following partners / directors. Sr fame and address of the partners ‘Agelyears Percentage of Directors Share Hoiding ees __(hereinatter called "the Lessee" which expression shall, unless the context does not so admit include his heirs, exculors legal representativesits successors in business «nd assignees) of the other part.(21 oe i Whereas by an agreemeni daied and supplementary agreement executed on dtd (hereinaiter referedtoas ‘the Licence Agreement") made between the Lessor of the one part and the Lessee of the other part, the Lessor agreed to grant to the Lessee upon the performance and observance by the lessee of the obigations and conditions contained in the said agreement, a lease of plot No. eEaCHc4 Industrial Area/ Estate“and more particularly described in the schedule thereof. : ‘And whereas the Lessee, havingpaidasumofRs.____(fis.. ee ny?) catcutated at Rs. persq. mt, plus frontage charges at thr rate of Rs. __%le.. pér Sq.mt. over the price of ‘Squmts., which Is equivalentto, % of the allotment price of the Plot No. has requested ‘the Lessor to grant him a lease of the said plot No.____ and to execute the Lease Deed in respect of the said plot. ‘And whereas the Lessor has decided to enter in to these presents in respect of plot No. land on the understanding that the Lessee will comply with all the terms: ‘and conditions for the construction work on the said plot as set out in the Licence ‘Agreement and that, he shall have to complete the construction on the said plot within * ‘such period and conforming to such plan as may be required by the Lessor and thatho will comply with the terms and conditions hereinafter appearing. NOW THIS WITNESSES AND IT IS HEREBY MUTUALLY AGREED BY AND BETWEEN THE PARTIES HERETO AS FOLLOWS :- 1. inconsideration of the surn of Rs.. ate (Rupees eueeieac eeeeeeeeeEEaEE paid in the manner aforesaid by the Lessee tc the Lessor as parViull payment of the allotment price / premium price of plot’No.___ and in consideration of the rent hereby reserved and of the convenants and agreements on the part of the Lessee hereinafter contained the lessor both hereby ‘demise up to the lessee all the piece of land consisting of plot No. in the Industial Area/Estate and more particularly desciibed in the schedule hereunder wrttes TOGETHER WITH all rights, privlages, easements advantages and appurtenances whatscever thereto belonging EXCEPT AND RESERVING unto the Leassor all mines and minerals in and under the land hereby demised or any part thereof TO HOLD the land hereby demised (hereinalter referred to as ‘the demised premises") to the Lessee for the term of 99 years computed from the ‘day of the month of the year two thousand subject nevertheless to the provisions of the Bombay Land Revenue Code, 1879, and the rules thereunder Paying Therefor yearly on or before the 31st day of MarchTo Pay 2 balance premium price [3] of each year during the said term unto the Lessor at the office of the Managing Direc‘or or as otherwise required to pay the rent of As. (Rupees entyy to pay the rent of Fis. (Rupees. only) per annum and also paying therefore the balance of the premium price in the manner hereinaiter determing, provided that at the end of 99 years computed from the date as hereinbefore mentioned the Lessor shall have the right to renew this lease ‘or a further period of 99 years and in the event of the Leesee exercising such option in the manner hereinafter provided, the Lessor shall have the right to increase the sum of yearly rent as hereinbefore stipilated by a further sum which Shall be 100 percent of the original sum of rent and provided further that if the Lessee shall have duly performed and observed the covenants and conditions on the part of the Lessee hereincontained and at the end of the said period of 99 years but before the expiry of the said poriod the Lessee has given the Lessor 3 months previous notice in writin, of his desire to have the Lease of the demised premises renewed for a further period of 99 years, the Lessor shall and will at the cost and expenses in every respect of the Lessee, grant to the Lessee a further leare of the demised premises for a further term of 99 years with the same covenants and provisions and stipulations, terms and conditions except” this clause of renewal and except as to the emount of rent which the lessor shall be entitled to increase by 100 percent as stipulated above. The Lessee hereby convenants with the Lessor as follows :- -(@) The premium price of the demised premises (consisting of Plot No. ) has been fixed at As. calculated at “Ré. _ er Sq. mt. plus frontage charges at the rate of hie. Re. per Sq.mt. over the price of a ‘Sq.mt. out of the said price, the Lessee had already paid Rs, $$$ $—________ Cr aebeenanidnh antl sstega ebateesbntset TEE) yy amount equal to___ percent of the premium price of the-said plot and now on the date of these presents the balance of the premrum price of the said plot to be paid by the Lessee to the Lessor with interest at “percent per is Rs. annum is Rs, (Rupees. The Gujarat State Financial Corporation under its letter No. GSFC/Sec/ CeWA.C assess dtd. . has informed the“4 Lessor that the balance amount payable by the Lessee in terms of thelr Dtd. 200 (Rs. sanction Letter No. sanctioning the loan of Rs. eesti anatase ca ata asaeecceeeceeeeeeeteeemeimere |) under these presents will be paid by the G.S.F.C. directly to the Lessor on behalf of the Lessee on execution of this presents and Lessee mortgaging the same to - CC. in the event of G.S.F.C. not paying this amount to the Lessor. The Lesses C Gs wil pay the said balance amount of Rs.__ with interest at % per annum within a period of ____ years from in quarterly instalment = each (Rs.___. in each year. (i) The first quarterly instalment will be paid on or before the 10th date of the month of (i) The second quarterly instalment will be paid on or before the 40th date of the month of ie Gol {ii) The third quarterly instalment will be paid on or before the 10th date of the month of __ (iv) The fourth quarterly instalment will be paid on or before the 10th date of the month of On the outstanding balance of Rs.____(Rs___ ____) interest vat 4 be charged at the rate of % from the date of __ & would be payable by quarterly irstalment, calculated every quarter, on the reducing balance penal interest at the rate of 3% or over the normal rate of interest would be charged on the amount of default. eee eee (i) The interest rate would be subject {0 revision trom time to time at the — iserotion of the Corporatior-and interest would be payable at such revised rates from such dates as may be specified by the Corporation. (i) in addition if any outstanding dues come to light at a later date due fo ; discrepancy in accounts the lessee would be respansibie to make good such dues with interest to the lessor furnishing the details of such * outstanding dues. (il) . The Lessee will make full and regular payment of all the instalments that ate required to be paid under this sub-clause. If any payrnent is delayed or not paid, the Lessee will pay to the Lessor interest at 3 percent above, the normal rate of interest per annum, until the entire amount payable , under this clause is paid by the Lessee tothe Lessor.To Pay rent Time timit for ‘compicting construction * Strike off It not ’ applicable * Strike off if the area * of plot is less then 20,000 sq. mts. Ci Conditions tobe cebservad in erecting buliding etc. (wy) (b) “@) i) iy ia) [5] The Lessee wil, in each year within two months from the expiry of his accounting year, supply to the Lessor a copy of his profit and loss ‘Account pertaining to that accounting year and the business run by him In the demised premises. That during the term of this Lease, the Lessee will pay to the Lessor the rent hereby revised at the time and in the manner aforesaid. That under the Licence Agreement the Lessee has already commenced the construction of a building to be used as. faldectony, for Mig. Ot aceteceectee seer sstrartssenee ed eeCIe Ng the Lessee will, within'a period of two years fiom the date of the. Licance Agreement completed, the construction of he said building at his own expense, and in a substaintial and workman like manner and with new and sound materials and with all requisite drains and other conveniences as may be necessary under the Factories Act, So as to make the building fit for occupation as a factory for the atfersaid purpose. “The area of the plot allotted to the lessee being 8q. ‘meters.lt shall be permissable to the Lessee to utilise within the Period, and in the manner aforesaid a part of the area for the Construction of a building to be used as an industria! factory and to relain the remaining area of the plot for future expansion of the Project of the Lessee, subject to the following conditions :- ‘The remaining area of thé plot shall be fully utilised for the expansion Of the project of the Lessee within a period of ten years from the date of the License Agreement, {tshallbe dpen to the Lessorto review the progress ofthe utlisation at the interval of every three years and to resume the possession of Uunutilised portion of the plot. While utilising a part of the plot for the ‘construction of a building as aforesaid and retaining the remaining part of the plot for future expansion, the part to be utilised for the construction of the building shali be demarcate:i so as to make a sub division of the remaining Part feasible in the event of the Lessor deciding to resume the Possession of the unutiliséd portion of the plot. That no building or erection to be erected hereatter and no alteration or adition to any building or construction existing for the ime being shall be commenced by the Lessee, unless and until specifications, plans, elevations, sections and details thereof shail have been Previously submitted by the Lessee in triplicate to The Executive Engineer of the Lessor (hereinafter referred to as “the Execu! Engineer" which expression shall include any other officer to whom the duties and functions of the Executive Engineer's may be assigned) forbs scrutiny, and the same has been approvedin writingNot to excavate Access road Sanitation @ 0 (k) 7 cE The Lessee shall consume water for his unit at following rates from year to year: Year Consumption per day (Litres) istYear — 2nd Year Srd Year ‘Onwards Even if he fails to consume water to the extent mentioned above, he would pay the water charges for the quantity equal to 70% of the above mentioned quiantity irrespective of consumption, and ifdemand is more ~~ than-50,000litres/day the payment for minimum charges for 70% of the demanded quantity shall commence from the date of commencement of actual consumption of water from the date on which the utilisation period for plot/shed is over as under from the date of allotment : : (1) Plots: Having area upto 10,000 Sq. Mrs. - 2 Years. (2) Plots: Having area more than 10,000 Sq.Mtrs. 3 Years or ealier specifically mentioned by the applicant. The water charges would be payable at the prevailing water rate of the estate for the financial year as fixed by the Corporation from time to time and on failure to pay the minimum charges, the licencec/leasee shail be liable te the actions including Termination of Agreement and subsequent steps. That he will not inake any excavation upon any part of the demised Permises nor remove any stone, sand, gravel, clay or earth, therefore except for the purpose of forming foundation of building orfor the purpose ‘of executing any work persuant to the terms of this Lease. That the Lessee having at his own expense constructed an access Toad leading from the main road to the demised premises will at all times hereafter maintain the same in good order and condition to the Satisfaction of the Executive Engineer. That he stiall observe and conf-rm to all rules, regulations and bye - laws of the Local Authority concemed or any other statuory regulations in any way relating to public health and sanitation in force .or the time being and that he shall provide sufficient latrine accommodation and other sanitary arrangements for the labourers, workmen and other staff employed on the demised premises, in order to keep the demised Presmises and surroundings clean and in good condition to the satisfaction of the Executive Engineer and shall not without the previous consent in writing of the Executive Engineer permit any labourers or workmen to réside upon the demised premises and in the event of such consent being given shall comply stiictly with the terms thereof.Not to excavate Access road Sanitation @ 0 (k) 7 cE The Lessee shall consume water for his unit at following rates from year to year: Year Consumption per day (Litres) istYear — 2nd Year Srd Year ‘Onwards Even if he fails to consume water to the extent mentioned above, he would pay the water charges for the quantity equal to 70% of the above mentioned quiantity irrespective of consumption, and ifdemand is more ~~ than-50,000litres/day the payment for minimum charges for 70% of the demanded quantity shall commence from the date of commencement of actual consumption of water from the date on which the utilisation period for plot/shed is over as under from the date of allotment : : (1) Plots: Having area upto 10,000 Sq. Mrs. - 2 Years. (2) Plots: Having area more than 10,000 Sq.Mtrs. 3 Years or ealier specifically mentioned by the applicant. The water charges would be payable at the prevailing water rate of the estate for the financial year as fixed by the Corporation from time to time and on failure to pay the minimum charges, the licencec/leasee shail be liable te the actions including Termination of Agreement and subsequent steps. That he will not inake any excavation upon any part of the demised Permises nor remove any stone, sand, gravel, clay or earth, therefore except for the purpose of forming foundation of building orfor the purpose ‘of executing any work persuant to the terms of this Lease. That the Lessee having at his own expense constructed an access Toad leading from the main road to the demised premises will at all times hereafter maintain the same in good order and condition to the Satisfaction of the Executive Engineer. That he stiall observe and conf-rm to all rules, regulations and bye - laws of the Local Authority concemed or any other statuory regulations in any way relating to public health and sanitation in force .or the time being and that he shall provide sufficient latrine accommodation and other sanitary arrangements for the labourers, workmen and other staff employed on the demised premises, in order to keep the demised Presmises and surroundings clean and in good condition to the satisfaction of the Executive Engineer and shall not without the previous consent in writing of the Executive Engineer permit any labourers or workmen to réside upon the demised premises and in the event of such consent being given shall comply stiictly with the terms thereof.Complia ‘nce with laws : (KK) 18) Failure on the part of the licencee/purchaserilessee to comply with the provision of any law regarding disposal of industria! effluent shall entile the Corporation to disconnect water supply to the licensee / purchaser! lessee and to resume the Possession of land. The Licencee / purchaser/ lessee shall have to take Drainaye connection when intimated by the Corporation and shall have to pay all the necessary amount towards capital amount recovery and shall have to pay regular drainage cess as fixed by the Corporation from time to time. While drainage connection, the Licericee / Purchaser / Lessee shall have to comply'with ail regulations contained in "Drainage Regulations 1990" of G.1.D.C. *As regards the industrial effiuent produced in the course of the industry carried 7 the said land and licence shall be treated the effluent to the standards of NOC/Consent of the Gujarat Pollution Control Soard and the rules and regulations covered under (The water prevention and control of Pollution Act, 1974) and (the Air prevention and control Pollution Act, 1981) and (E.P, Act, 1986) with ail latest ammendments and any other laws that may be in force from time to time. Failure on this part to comply with such precisions shall be entiled the licensor to disconnect power/water supply to the licence and to resume the possession of land, The licensee shall have to take Drairiage connection when intimated by the corporaticn and shall have to pay all he necessary amounts towards capital ‘amount recovery and shall have to pay regular drainage cess. While taking drainage connection, the licensee shall have to comply all regulations covered under * Drainage Regulations 1990" of GING. ‘He / Licencee / Lessee snall not start production activity in the allotted plot/shed unless and until ithas effectively and compietely complied with the pollution’ control measures required to te undertaken by him/Licencee/Lessee under any permission which may have been granted by the GPCB, And if he / Licence / Lessze without complying with the pollution measures start or continue with their industrial activity the Licensor Lessor shall be duty bound to disconnect oleciricity supply and water supply of the Licencee’s unit even without pricv‘notice." The Lessee shall comply with all laws (including Acts, Rules, Regulations or orders) passed, made or issued by the Govt. of Gujarat or by the Govt of India from time to time, relating to the business of industry carried on by the lessee or having a bearing on the same. The lessee shall in particular, comply with observe and act according to laws on the subject of ecology and environment, like the water (prevertion & control of pollution) cess Act, 1974, the air (prevention & Control of pollution) Act, 1981 and water (prevention & control of pollution) cess Act, 1977, and the environment (protection ) Act, 1986. The fact of the lessor assisting the lessee in the matter of supplying or providing amenities or facilities like water, sewage, electricity etc. shall not mean that the lessee is thereby absolved from his responsibility or liability in respect of the same, Similarly, in respect of any scheme, project of work undertaken by the lessor on behalf of or for the. benefit of- the lessee or of the-lessee and other industries or person Jointly the lessee shall not thereby be deemed to heve been absolved from iabilty under the relevent or concemed law, nor shall it make the lessor or any of the servants or agents tiable for any non compliance, non-observance or breach of any such law, 569 o [9] Provision (KKK) The lessee shall be freee from to obtain any service aminity or facility like water, * of services amenities, \ faciities Fire Fighter Services To repair () Toenter (™) and Inspect drainage, electricity etc. directly from: the concemed agency, like the local body Electricity Board etc. In case the lessor makes the arrangements for procuring or supplying service, etc. for the benelit of and on behalf of the lessee avails of the ‘same, it shall amount to a comr ment on the part of the lessor to provide the same, nor shailit be construed as hiring of or contract for supply of such services by the lessor (o the lessee. The lessee shall nit hold the lessor liable in case of ary delay deficiency, in-sutficiency or failure in supply of such aminity, facility or service nor shal! the Lessee be deemed to be a consumer qua the lessor in respect of the same, within the meaning of the provisions of the consumer protection Act, 1988, Fallure on the part of the licencee/purchaser/lessee to comply with the provision of any law regarding disposal of industrial effiuent shall entitle the Corporation to disconnect water supply to the licensee / purchaser/ lessee and to resume the possession of and, The Licencee / purchaser/ lessee shall have to take Drainage connection when intimated by the Corporation and shall have to pay all the necessary amount towards capital amount recovery and stall have to pay regular drainage cess as fixed by the Corporation from time to time. While drainage connection, the Licencee / Purchaser / Lessee shall have to comply with all regulations contained in "Drainage Regulations 1990" of G.1.D.C. The rorporation may provide fier fighter services in some of the Estates as an aminity. In case of non provision or any delay or non availabilty of fire fighter at the time of fire, the Licencee / Purchaser / Lessee will not claim any losses! demages due to this. That throughout the said term the Lessee shail at his expense pave, cleance and keep in good and substantial repair and condition (including all usual and Necessary Internal and external painting, colour and white washing) to the satisfaction of the Executive Engineer, the buildings and premises and the drains, ‘compound walls and fences thereonto belonging and ali fixtures and addition thereto. ‘Thathe shall, on.a week's previous notice in that behall, permit the Lessor or the Managing Director or the Executive Engineer, and the officers, surveyors, workemen and/or other staff employed by them, from time to time and at all reasonable times of, the day during the term hereby granted, to enter into or upon such demised premises and to inspect the state of repairs thereof and it upon such inspection, it shall appear that any repairs are neessary they or any of them may by notice to the lessee call upon him to execute the repairs and upoa his failure to do so within a reasonable time the Lessor may execute them at the expense in all respects of the Lessee. That he shall not do or permit anything to be done on the demised premises which may be a nuisance, arinoyance or disturbance to the owners, occupiers orNuisance User (0) Insurance (p) Delivery (4) of : possession alter expiration Power supply N10] fesidents of other premises in the vicinity. That he shall not interfere or cause damage to the properties belonging to the Lessor whether located outside or inside the premises, such as water supply lines, drainage lines, water meters, street-lights and such other properties. In case he is found interfering or causing damge to the properties of the lessor, it would amount to breach of the condition of the lease and he would be liable to be evicted from the premises occupied by him under p:ovisions of the Gujarat Public Premises (Eviction of unauthorised occupants Act, 1972) or any other law for the time in force and Lessor will be entitled to recover the cost of making good such damages with penalty as it may determine and such amount would be recoverable as an arrears of land revenue. That he will use the demised premises only for the purpose ce —_—_________ and matters connected therewith and shali not use the deimised premises or any part thereof for any other purpose without the permission in writing of the Managing Director provided that the demised premises shall not be used for the purpose *, of a factory or any industry which by reason of emission of odour, liquid, effluvia, dust, smoke, gas, noise, vibration or fire hazards is declared as obnoxious by the Lessor. That he will keep the buildings erected on the demised premises excluding foundations and plinth insured in the name of the Lessee against loss or damage by fire ir a sum equivalent to the cost of the building {excluding foundation and plinth) in some wail established insurance company: 4 That at the expiration, or sooner determination of the said term, the Lessee will Quietly deliver to the Lessor the demised premises and all erections and buildings then standing or being thereon PROVIDED ALWAYS that the Lessee shall be at liberty, if he shall have paid the rent and all municipal and other taxes, rates and assesments then due and shall have performed and observed the covenants and conditions herein-contaired prior to the expiration or determination of the said term, to remove and appropriate to himself all bulldings, erection and structures and materials {rom the demi-ed premises but so neverthiess that the Lessee shalt deliver to the Lessor all land from which such buildings, erections or structures may have been removed after the same Is levelled and put in good order and condition to the satisfaction of the Lessor. (1). Foroblaining power supply, concem licencee / purchaser/ Lessee, shall have to apply to the power supply authorities in prescribed application form. He is also resporisible for followup fer timely receipt of estimate and power, Corporation will not be responsible for timely receipt of estimate for power. : * (2) Licence / Purchaser / Lessee has to complete formalities of signingNot © M11] = Agreement, payments of Security Deposit and complete wiring of electrical instalation as per |.E. rules ‘and submit the test report for wiring from licenced electrical contractor before release of connection, {8) _ High tension power consumer having power demand in excess of 500 KYA & of specific requirements shall have to make seperate feader at his cost. (4) Full cost ef high tension or low tension line both end cost of feeder and ‘Sending equipments as the case may be is to be bome by consumer. No reimbursement or cost sharing is admissible to high tension or low tension power consumer. For extension of load at a future date, full cost 1s to be bore by the consumer. (5) The supply of voltage and'source of power supply shall be decided by the power supply authority for the customer having power demand in excess cf 2400 KVA. (6) Licences /Ffchaser / Lessee is able to pay for cost of land ‘occupied ~ for corridor for lying electric circuit for power supply, as per the site condition and the prevalent policy of the Corporation. (7) Ucencee / Purchaser/ Lessee has to pay for cost of augumentation of Sub-siation on his pro-rate demand basis and at the rate and policy Prevalent in the Corporation. (8) Customer cannot seek relief of diferment of payment towards instalment for detay in availability of power, That he will not transfer, assign underlet or part with the Possession of the demised premises or any part thereof or any interest therein without the provious permission of the Lessor. For the purposes of this covenant, any change in the constitution of the Lessee shall be ceemed to be a transfer by the Lessee of his interast in the demised premises in favour of another Person, provided that where the Lesvee is a body corporate, @ change in its Board of Directors or Managing Committee by whatever name called shall not be deemed to be a change in the ‘constitution of the Lessee, provided further that where the Lessee, forthe purpose of constructing a building on the demised premises, is to obtained loan from a bank or other financial institutions by mortgaging his lease hold interest in the demised premises in favour of such bank or institution, permission of the Lessor shall be deemed to have been given subject to the conditions :- (@) That such mortgage shall not affect the rights and powers of the Lessor under this Lease Deed and {b) That the Lessor before exercising his rights and powers under the(s) Assignment to be registered with Lessor and unearned increment Notice in (t) case of death ete, Sums 3. payable by. lesee recoverable as arrears of land revenue Breach of 4. convenanits 12] : Lease Deed will consult the bank or as the case may be, thé financial institution concemed. (c) The lessor will send to the said financial institutions concerned as.thé case may be a copy of the notice of net less than 90 days that may be served upon the lessee for rectification of the breach of any of the converants of the said deed, ~ In the event of such transfer, assignment, under letting or parting with, « there shall be delivered by the Lessee at his own expense a notice theraot to the Managing Directors or sucn Officers of the Lesscr as the Lessor may direct within twenty days from the date on which the transfer, assingnment, under-letting or parting with becomes effective whather by registration thereof under the Indian Registration Act or otherwise, provided that in the event of such transfer, assignment uniderletting or parting with fifty. percent of the unearned increment that may be accrued to the Lessee shall be paid by the Lessee to the Managing Director of the Lessor, provided further that the uneamed inerement shall be valued by the Chief Accounts Officer of the Lessor and the decision of the Chie! Accounts officer will be binding on the Lessee. In the event of death, insolvency or liquidation of the Lessee the person in whom the title shall vest on account thereof shall cause notice tnereof to be given to the aN ‘Lessor within one month from the date of such vesting. ~ ~The All sums payable by the lessee to the Lessor under these presents and recoverable by the lessor from the Lessee under these presents and under the Gujavat Industrial Development Act, 1982 and all charges and expenses incurred by the Lessor-in connection therewith shall be recovered from the Lessee as arrears of land revenue under section 28 B or, as the case may be, section 41 of that Act. If the said rent hereby reserved or any instalment of premium price shall be in arrears for more than two months whether the same shall have been logally demanded or not or it and whenever there shall be a breach by the Lessge of any of the convenants herein contained the Lessor may re- enter upon any part of the demised premises in the name of the whole and thereupon the term hereby granted and right to any reriewal thereof shall absolutely cease and determine and in that case no compensation shall be payable to the Lessee-on account of the buildings or improvements built or carried out cn the demised premises or claimed by the Lessee on account of such building or improvements, PROVIDED ALWAYS that the power of re-entry hereinbefore contained «shall not be exercised unless and until the Managing Director on behalf ' 4f the Lessor shall have given to the Lessee a notice in writing of his intention to enter and of the specific breach or any breach or breaches of covenants. in respec: of which the re-entry is intended to be made and default shallAlteration of estate tules Allotment Letter and Marginal Notice ‘Stamp duty ** Strike off where not applicable * implementation ofNew * Employment Policy 5. 6. 7. [13] have been made by the Lessee in remedying such breach or breaches within three months after the giving of such notice. ‘The layout of the Industrial Area/Estate, the building conditions and other regulations and convenants relating thereto other than the premises hereby demised may be altered by the Lessor from time as the Lessor thinks fit and the Lessee shall have no right to require the enforcement thereof or any of them against the lessor or any person claiming under the Lessor. The Lessor had issued, in respect of the demised premises an allotment leiter no. at. and subsequent final transter order. No, . Did. _.- The terms and conditions of the said allotment as well as final transfer order will form Part of this agreement / Lease. The marginal notes do not form part of Lease and shall not be referred to for construction orinterpretation therzof. The stamp duty and registration charges payable in respect of this indenture and the duplicate thereof shail be borne by the lessee. The lessee shall retain duplicate of this indenture and original indenture shalt remain with the lessor. The lease deed shall be registered at a place within the state of Gujarat, where such registration is permissible under the provisions of the Indian Registration Act. The Stamp Duty payable in respect ofthis instrument has been exempted by Government vide Revenue Department order No.GHM : 77 : 547 : M; STP: 1477; Gon; 6934-H cated. 17.11.1977 published in extraordinary Gazettee Vol.,. XVIII dated 17.11.1977 read with Govt., Revenue ~ Department Order No. GHM : 78 : 147; M; STP: 1477; Con.,; 6934 dated. 27.4.1978, fa . : oR . ‘The Stamp Duty is exempted for the plots/ sheds allotted during the perlod frcm 01.11.1977 to 31.03.1987 if there is no change in constitution has taken place, The party of the second pactthe lessee shall have to fill up atleast ‘85%. posts by local persons in their industrial unit end for Manager and Supervisory cadres atleast 60% posts are to be filled up by local persons. The expression ‘local person’ shall mean a person domiciled in Gujarat State for minimum 18 years shall be considered as local person. That he shall have to pay at a time an amount equal to 1% per year Of the total vafue of land leased at prevailing allotment prices of the estate for the period for which the lease hold rights are to be mortgaged in favour of financial institutions for securing the - financial assistance/ loan to be obtained by other associated units of the lessee situated outside by GIDC estate.SCHEDULE ie (Description of Land) ALL THAT piece of land known as Plot No. Industrila Area / ‘Estate consisting of Revenue Survey Nes. City Survey No, ___ Taluka containing by admeasurement bounded as follows, that is to say, in the __— within the village .limtis. of ° Dist. _— Sq. metres or thereabout and + On ortowards the North by On or towards the South by ‘On or towards the East by ‘On or towards the West by IN WITNESS WHERE OF the Lessor has caused Shri a 2n officer authorised by it, to set his hand and affix the common Seal hereto and the Lessee has hereinto set his hand and seal on the day and year first di. i above written, Signed, Sealed And Delivered by Shri Officer of the Gujarat Indusirial Development Corporation In the presence of : Name 1. Signature (Full name in block letters) 2. Signature (Full name in block letters) SIGNED, SEALED AND DELIVERED BY The above named Lessee inthe presence of 1. Signature (Full name in block letters) 2. Signature (Full name in block letters) aif 1 | ‘Signature | (Full name in block ietters) i : Signature (Full name in block letters) CEES) e eee)