RENTAL AGREEMENT

This RENTAL AGREEMENT (“Agreement”) is made and executed on 25 November 2024 at

Bangalore by and between:

………………………………, s/o …………………………, residing at ………………………………………. (PAN:

………………………, Aadhar No.: …………………………….) (hereinafter called as OWNER, which shall
mean and include her heirs, legal representatives, administrators, nominees, executors and
assigns etc.) of the ONE PART

AND

MEDGENOME LABS LIMITED, a company registered under the Companies Act 2013,
having its registered office at Sy. Nos. 94/1C and 94/2, Tower 1, Ground Floor, Veerasandra
Village, Attibele Hobli, Electronic City Phase-1, Electronics City, Bangalore, Bangalore
South, Karnataka, India, 560100 (hereinafter called TENANT, the terms tenant shall mean
and include its successors and permitted assigns) of the SECOND PART.

The OWNER and TENANT are hereinafter collectively referred to as the “Parties” and separately
as “Party” as the case may be.

WHEREAS the OWNER is in absolute possession of commercial plot ……………………………..

(hereinafter referred to as the “Scheduled Premises”).

WHEREAS the Tenant has approached the Owner to let-out the Scheduled Premises on rental
basis for Warehouse purposes, and the Owner agrees to let-out same for a period of eleven
months.

AND WHEREAS the Parties agree to enter into the Agreement on the terms and conditions
provided below.

NOW, THEREFORE, IN CONSIDERATION OF THE TERMS AND CONDITIONS

CONTAINED HEREIN, THIS AGREEMENT WITNESSES AS FOLLOWS:

1) The OWNER hereby let out the Scheduled Premises to the TENANT for a period of
eleven months commencing from 25 November 2024 till 23 September 2025. After
expiry of the term of the Agreement, the Parties may extend the rental of the
Scheduled Premises for a further period with an annual enhancement of 5% in the
rent and on mutually agreed terms and conditions.

2) The TENANT shall pay the OWNER a monthly rent of Rs. 1,25,000/- (One-Lakh Twenty
Five Thousand only) for provided space measuring 6500 Sq ft.. The rent shall be payable
by the TENANT on or before the 12th day of each Calendar month (after the completion
of the month). This Agreement can be terminated by either Party by giving one month’s
written notice to the other Party.

3) The TENANT has made a deposit of Rs. 7,50,000/- (Rupees Seven Lakhs Fifty

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 Thousand only) to the OWNER towards security deposit. The OWNER has agreed that
the said deposit and unadjusted advance rent, if any, will be refunded to the
TENANT without any interest at the time of handing over vacant possession of the
Scheduled Premises to the OWNER by the TENANT after deducting any arrears in
rent, electricity bills, breakages and cleaning charges, if any.

4) Covenants of the OWNER:

a. The OWNER represents that the OWNER are the absolute owners of the
Demised Premises having valid marketable title to let the same to the TENANT.
b. The OWNER confirms that the Scheduled Premises is ventilated and free from
damp.
c. The OWNER represents that the OWNER have not created any tenancy or
encumbrance, charge or lease or any other right in favour of any third parties in
respect of the Demised Premises.
d. The OWNER represents and warrants that there is no litigation, arbitration,
acquisition or statutory proceedings threatened or pending in respect of the
Demised Premises and that there is no encroachment on the Demised Premises
which will affect the interest of the TENANT in the Demised Premises. The
OWNER further assures that there is no legal impediment for them to enter into
this Agreement.
e. The OWNER shall permit the TENANT to have 24 hours of the day, 7 days of the
week from the Possession Date, unimpeded peaceful use and occupation of the
Demised Premises including access to common areas of the Demised Premises
(including balconies) without any let, obstruction, eviction, interruption and/or
disturbance, claim and demand whatsoever by the OWNER or any person or
persons lawfully or equitably claiming by, from, under or in trust for them.
f. The OWNER, at OWNER expense, shall keep in good condition and repair the
Demised Premises foundations, exterior structural walls, structural portions of
the roof, roof membrane and utility installations and systems serving the
Demised Premises up to the exterior point where such utility systems and
installations stub into the Demised Premises. Any cost incurred with respect to
OWNER’ responsibilities shall not be passed on to the TENANT in any way,
unless they arise as a result of the negligence, acts or omissions of TENANT
(other than wear and tear from normal use), in which event they shall be paid
for by the TENANT.

5) The TENANT shall not be entitled to Sub-let whole or any portion of the Scheduled
Premises to any third parties under this Agreement.

6) The TENANT shall keep the Scheduled Premises in good and tenantable condition
subject to normal wear and tear, hence the TENANT shall not cause any damages to
the walls, flooring, ceilings, electricity installations, Bore well etc., if any damage
caused shall be borne by the TENANT. The major repairs such as major cracks in walls
or any other structural defects in the Scheduled Premises shall be the liability and
responsibility of the OWNER.

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7) Rent does not include Water & Electricity Charges. The Owner shall provide 10 KVA
electricity to the Tenant. Also The OWNER shall provide suitable space for installation
of Diesel Generator. The Tenant shall regularly pay the said water and electricity
charges directly to the concerned authorities without any default and produce the
payment bill to the Owner, if requested by the Owner.

8) The Tenant shall not be entitled to carry on or use the Scheduled Premises for carrying
on any obnoxious, offensive or dangerous or illegal business which is likely to cause
injury or damage to the Scheduled Premises.

9) The Owner shall be liable to pay all the taxes, fee and charges including but not
limited to ground rent, house tax, property tax, municipal taxes and other taxes and
levies payable to the Central Government or the State Government or any Local or
Municipal Authority in respect of the Scheduled Premises.

10) The Tenant shall be entitled to peaceful possession and enjoyment of the Scheduled
Premises without any interference or disturbance by the Owner or any of its
Representative. The Owner shall ensure that the Tenant is granted unhindered and
uninterrupted use of common areas, main gates, stairs, passage, public utilities, etc. in
the Scheduled Premises at all times during the term of the Agreement.

11) The SECOND PARTY shall hand over peaceful possession of the Scheduled Premises in
the event of termination of this Agreement earlier by efflux of time or by the Act of the
Parties.

12) The Owner shall have the right to terminate the tenancy if the Tenant fails to pay the
rents irregularly for a consecutive period of two months or commits breach of any of the
terms herein and take possession of the Scheduled Premises.

13) Any notice or other communication to be provided for in this Agreement shall be in
writing in English Language and shall be delivered at the address given herein first or to
such other address as either Party may specify by in writing to the other Party.

14) The OWNER has represented to the TENANT that the Scheduled Premises is free from
all encumbrances and the OWNER have a clear and undisputed right to the Scheduled
Premises. The OWNER shall keep the TENANT indemnified from all losses, claims and
damages that the TENANT may suffer because of any defect, breach of any covenants
made by the OWNER and/or because of any dispossession from the Scheduled
Premises.

15) Any dispute or difference arising between the Parties hereto in respect of, or out of, or
in connection with, or touching upon the subject matter of this Agreement which the
Parties are not able to resolve by mutual consultation shall be settled through
arbitration before a Sole Arbitrator appointed by the “President, Arbitration Centre-
Karnataka” in accordance with the provision of the Arbitration and Conciliation Act,
1996 as amended from time to time. The venue of Arbitration shall be Bangalore, and
the arbitral proceedings shall be conducted in English language. The award of the

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 Arbitrator shall be written, reasoned, final, binding, and conclusive on the Parties.

16) In the event the OWNER sell the Demised Premises or creates any other charge or
interest or modify an existing charge or interest of any kind on the Demised Premises, it
shall ensure that the Agreement shall continue to be binding on the subsequent
purchaser or assignee or transferee of the Demised Premises on the same terms and
conditions as mentioned in this Agreement. However, in the event of the existing
mortgage charge holder exercising option for sale of the entire mortgaged property/
Demised Premises for recovering their respective dues due and payable by the OWNER,
then the TENANT shall not have any objection on the same provided the TENANT with
provided with a reasonable notice and Mortgagee jointly or severally will take all
reasonable steps to fulfil the terms of this Agreement and protect the rights of the
TENANT.

17) The Parties shall keep each other indemnified against the losses and damages (save and
except business losses and indirect and consequential losses) arising out of its breach of
their respective obligations, representations, warranties and covenants of this
Agreement.

18) The laws in India shall govern this Agreement and the courts of Bangalore shall have the
exclusive jurisdiction in respect of any dispute or differences arising out of or in
connection with or touching upon the subject matter of this Agreement.

19) If the Scheduled Premises or any part thereof, shall at any time during the term of this
Agreement be destroyed or damaged by fire, tempest, storm, act of God, riot and civil
commotion or other causes or matters beyond the control of the Parties (each such
event shall be called as ‘Force Majeure Event’) so as to be unfit for use or occupation, the
Rent or a fair proportion thereof according to the nature and extent of the damage
sustained shall be suspended until the Scheduled Premises shall again be fit for use or
occupation. In the event the Parties fail to reach a decision as to the appropriate amount
of reduction in Rent, having regards to the extent of the damage or destruction in
question, it is agreed that the amount of reduction in Rent shall be determined by an
independent third party, jointly appointed by the Parties. This Agreement shall
automatically terminate in the event of such Force Majeure event continues for a
continuous period of more than 60 (sixty) days.

IN WITNESS WHEREOF, the Parties have made and executed this RENTAL AGREEMENT on
the day, month and year mentioned first above in the presence of the following witnesses:

WITNESS: -
1 …………………………………………….
(OWNER)

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2 MedGenome Labs Limited
(TENANT)

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