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LEASE DEED
This DEED OF LEASE iS made On the 23'd day of lanuary ln the year Two Thousand and Twenty Three of
the Christian Era at Dhaka, Bangladesh
The LESSEE & LESSOR both parties have mutuaJly agreed to this deed and both parties have slgned dated
23'd, January, 2023 ln the presence of two (02) witnesses {signature attested bottom side of this deed)'
Mr, Mahiur Rahman Abir son of Md. N4ajibar Rahman , Awal centre (11'h floor), 34 Kemal Ataturk
Avenue, Banani Commerical Area, Dhaka 1213, Bangladesh, NID #: 506 032 3044' Her_oinafter referred
to as the LESSOR (which expression where the context so admit' shall mean and incLude his heirs'
successors in-interest, legal representatives, assiSns rrd nominees) HEREIN REFERRED TO AS THE FIRST
PARTY
BETWEEN
AND
Murata Machinery Bangladesh Ltd. registered Company operating lts buslness in Bangladesh under The
company Act XVlll_of-1994 Murata Machiner'y' Eangladesh Ltd its Mr' Noboru Lde' Managing Director'
(Proposed) represented by Mr'S.(.KAFEE (BIPUL) (Senior Manager)' s/o Late S M Kama ' Central Road'
House # 71, Flat # B 5, Dhanmondi, Dhaka 1206, Bangladesh NlD card nLrmber 6122204136501'
Hereinafter referred to as the LESSEE (which expression shall mean and inc ude his heirs' successols'
adminlstrator, legaL representatives, asslgns and nomlnees)' HEREIN REFERRED TO AS THE SECOND
PARTY
The LESSOR (First Party) is the owner of a space admeasLrring 6200 (Six Thousand Two Hundred) SQFT'
lncluding common area, at the 13 Floor of Paradise iower, uttara, Bangladesh being, Plot No 11, Sector
03, Thana: Uttara, District: Dhaka'1230 respectiveiy together with its firling' fixtures and more
particularly descdbed in the schedule A below, the entire space as aforesaid SchedLlle A hereinafter to
be called as the LEASED PREMISES
AND WHEREAS the LESSEE (Second Party) has decided to open a Corporate office at Uttara of Dhaka and
a such is in need of an office space to operate their business and had approached to the LESSOR to let
out the space for a period of 5 (Five) years which is renewable by rnutual discussion of both parties
AND WHEREAS, the LESSOR has agreed to let out the Leased Premises to the LESSEE' and the LESSEE has
agreed to take the Leased Premises on lease for a period of 5 iFive) years commencing on or from 1't
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March 2023 until 29th February 2028, for itself on a monthly rental basis' subject to the covenants'
burdens, encumbrances, conditions & stipulations contained ln thjs Agreement'
AND WHEREAS the parties hereto have mutually agreed to the following terms and conditions'
NOW THIS DEED WLTNESSETH AND THE PARTIES HERETO MUTUALLY AGREE AS UNDER
1, PREAMBLE, HEADERS, NUMBERS AND GENDER
1.1 The preamble to the Agreement is an integral part thereof'
|.2TheheadersaremeantfortheeaseofreadingonJyandhavenolegalconsequencetothe
interpretation of this agreement
1.3 The singular lncLudes the plural and vice versa'
1.4 "Person" incLudes a firm, body corporate' an unincorporated Owners association or an
authority.
7 DLrlNllIONS:
ln the Agreement, the foLlowing terms will have the following meaninB' unless otherwise stated
expLicltly in the Agreement bodY.
2.1 "Advanced Rent" shaLl mean the payment made in advance as defined and described in Article 4
oelow.
7.2 "Owners Association" or "8uilding Management Committee shall mean the management
association of the Premises formed by the owne(s) ofthe Premises
2.3 "common Areas" shall mean those areas of the Premises including the land that are used in
generaL by the tenants/ownbrs of the Premises and their guests'
2.4 "Leased Premises" shall meantheareaofthesaidCommercial Building which has been taken on
LeasebY the LESSEE along with a parking space designed at 2nd Basement Parking'
2.5 "Floor Lobby" means the lifts and the stalr lobbY of that particular floor which shall mainlv be
used by the LESSEE, but is also accessible to the others present in the Premises'
2-G "Lnterior finish out" shall mean alt such lntenor and exterior worls that necessitates the LESSEE
to do with in the LEASED PREMIsES upon handing over the by the LESSOR
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2.7 "Rent" means the payment as defined and described in Article 4 below'
2a "Lease Period" means the period defined in Article 3 l below'
2.g "Termination" means the termination prior to the completion of the Tenancy Perlod' as
Described in Article 8 below'
2,10,A|T,,meanstheAdvancelncomeTax,thetaxWhichisdeductedatsourceonRentalPaYments
asapplicable underthe laws of Bangladesh'
2.11, 'Uulities" means supplY such as electric power' gas' water and disposal of sewerage
lnat in (onsrderar'on o rne e-t' ' ove'd rL' ter-n( ord co 'ld I ons.s-et r:T-:i::-:re I I SSO c
herebvteasp,r.toLneLESSEtt,,"-"Ur"oJr"r;r"r'torape':odof5vearscom'ne'rtinSorand
from i'' March 2023 until 2s'" FebruarY 2028' w
'n '" "ll:l :i.:l: ::1"1j::.'?:t;:";:T:
rn.( Lea5e as,eement 'o a t,, rhP'*':t;l:li"it;"':i,"".i," "i,1""*", orov,ded rhar
underetd.ld'ns o' rne botn pd'tie'::::t "";;;;;,,;" "'r ir, inronrion ro do so Jr .cr,L siY (6r
the LESSEE shall' in sllch an evenl' grve a \'
monrh. berore the dole of e'p,ry ot t'1's lea<P'
rhatthe rentfor the 6200 squareJee-t spacereili'r:1Ll*Ji:;t1:',iiJff:;',iIT;
{o1ow.ns nannFr. rhF ,e-, r-om t lu .:1 .;;.^""*; ". ,i c, o.ov,deo o,,ow n 4.7.
illcrease by 804 to T(' 84'24 /5qft a delalled
lnat at lhe tiTe o''etecurro.l or rhis Lease Deed' tne LEsSl_t sh"ll pay ro LLSSOq a \Jm of TK'
,:1,1;Jil i;; ;;,;'*i: ":ll'-1'l".il, ."J: I$':;"',::"1J,":[1""]J'"'""J;H3;:]:
cqra' to 5 Gir) Tl]l j"':il:':.^.";'#I*,irt ." .r," ,, "'t 'r hp adva n' e w:rr oe tr ea ted a )
:1::ril:ffi:T;iil -I;;;,;;;;-,*ni"'v "'o.,"ti"e ot r( 48'360/= (raka Fortv
Eiqht Thousand Three Hundred Sixty ontyl equollv 'rom the ac rual 'nonl hlv renl amo'rnt
Provided that the LESSOR wlll affect the term 'execution' from the handover of possession to
I
LESSEE
3, LEASE PERIOD:
4, RENT:
4.7
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3.1.
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Month Rent Per Sqft Monthly Total Reht Monthly Rent Receivable
after Adjustment of Advance
(TK 48,350.00 per month)
Tk.78.00 Tk.483,600.00 Tk.435,240.00
From 37 to 60 Tk. a4.24 1k.522,28A.O0 fk.473,92A.00
Advance lncome tax (A T) and Va ue added tax (VAT) as detai ed in Clauses 4.4.1 and 4.4.2
below, the LESSEE shall pay the LESSOR the balance monthly rent.
TK. 2,901,600.00 (ln words Taka Twenty Nine Lac One Thousand 5lx Hundred only) shall be paid
to the LESSOR by the LESSEE on the slgnlng d.te of thjs agreernent as an advance rent.
5
5.1
To pay a I charges to the Owners Association/ Building Management Committee n respect of
utl ities for the Leased Prem ses at Tk, 10 per sft. This service charge can incTease or decrease
from tlme to tlme at the actua utility cost of the buiding. Eefore formation of the Owners
Assoc;ation/Bu lding Management Committee the LESSEE sha I pay service & majntenance
charge to the LESSOR by a separate Cheque/Payment Order or through an account.
4.4.2. VATontotal monthlyrentwil be paidtothe Governmentor its authority bythe LESSEE as per
government policy, Bangladesh within 7 (seven) days of each Eng ish calendar month.
A T on total month y rent shal be deducted at the time of payment (or any payment in the form
of MONTHLY RENT) of rent as per lncome Tax Ordinance 1984 a: amended from time to time-
Applicable AT to the LESSOR by the LESSEE within 7 (seven) days of each English calendar
month.
4.4.3. n the event of earlier termination under clause 7 or for any other reason whatsoever the
advance shal be refunded by the LESSOR to the LESSEE within 90 days from the date of
receiving the demand for such refund from the LESSEE
PROVIDED THAT in the event of the LESSOR faillng to refund the aforesaid advance amount
within the aforesaid date, the LESSEE shall have an unqualified right to sublet the LEASED
PREMISES and shall be free to choose any ofthe lega remedies avaiable to it for recovering the
aforesaid advance.
na me
MODE OF PAYMENT:
All payrnents shall be made by the LESSEE through an Account Payee Cheque to the LESSOR'S
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4.2. That the monthly rent for the tenancy of the LEASED PREMISES of 6200 square feet sha I bel
From 1to 36
4.3
4.4
4.4.7.
5.2
5.3
LESSEE shal pav monthLy Rent to LESSOR as described in Article 4 after adiustment a L on the
lotdr no,lrnlv Rpn', on or bplore lne / day or ea'n (_-'e_l Tonlh
LESsoRsha]providerentreceiptstothefullsatisfact]onoftheLESsEE,forpaymentsatthetime
EXTENSION:
6.1 LESSEE sha I give wrjtten notlce to LESSOR of its intention to extend the Agreement at east 6
(Six) months before the expirY of the Lease Period'
LESSoRshalg]Veconsentorrefusal/approvatinwr]t]ngw]th]nth]rty(30)daysofreceivingthe
said notice from LESSEE.
7, TERMINATION:
6.2
7-1
L|.)
Th]5Leasecannotbeterminatedbyeltherpartywith]ntheflrst3lThlee)yearsoflheLease
p"riJ Ho*"u",, tn" Deed may be terminated by elther party giving 3 (Three) month's written
notice to the other party in the fo lowlng clr'umstances:
intheeventoftheLESSEEiaistopaythemonthlyrentsforthree(3)consecutivemonths
*ithout aarigning "nv reason. ln such event the unpaid rent so-accrued shall be adjusted from
the advance.
ln the event that the LEssEE be constrained bY reason of:
a) ts declsion to c ose down tsoffceortoremoveltfrornBangLadesh'orlntheeventlt
acqLlires its own property in Bangladesh or for any reason whatsoever;
OR
b) _' on fu, ur" of the LESsoR to fulfil any of the conditions of this ease wheTe thi! lease
speclfically provldes no other remedy for such failure'
Termlnation or expiry of the Deed shall not affect any rlghts of the parties that have accrued
prior to the termination or expirY'
TheLEssEEshalbeatibertytoterminatetheleaseupong]V]ngaWrittennot]ceforthree(03)
mo;ths in advance to the LESSOR of lts lntention to do so without the LESSOR belng entit ed to
p"vrn"ntotr,,".tr.o"*erentaLdueonthedateandfundanYcaimregard]nganydamagesof
i.jrlo pr".ir".. rni, .ha I be app icab e after compieting Two (02) years of tenancy'
'1.2
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7.1-1
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8, LESSEE'S COVENANTS
LESSEE herebV covenants as fol ows:
8.1 To pay the Rent to LESSOR on time and in the manner aforesaid
8.2 To use the Leased Premises only as office either by itse f or n common w th its affillated' related
or subsidiarV comPa.ies.
PRoVlDEDTHATinthecircumstanceswhen[7.1,2(b)]ofthissubclauseshaLlbeattracted,the
,rr!ri.nrlt have an option, lnstead of terminating the lease as hereinabove' to take anY such
,"u-r" u, lt ,uV a"", necessary to establish the conditions contemplated by this lease at the
entire expense of the LESSOR
NottoassignorsublettheLeasedPremisesoranyport]onthereo'exceptfortheprovisjonas
.i",J ," ,* arr* o.o 3 to LEssEE's affiliated, related or subsidiary companles' which shall not
i" rrU".a ao LEssoR's approval LESSEE shall not conduct any lLlegal activities in the leased
ol*r'"r. ,urtEE cannot mortgage the LESSoR'5 "leased premises" to any banks or financial
institutlons during the entire tenure of the lease agreement'
LEssEEshalkeeptheLeasedPremisescleanandcarryoutminorrepairsifnecessarvand
maintenance ofthe Leased Premises at the cost of LESSEE
LESSEE shall not carry out any structural alterations or additions to the Leased Premises or
demolish any part thereof except with the prior approval of LESSOR in writlng'
LESSEE shall be responsible for keeping the Leased Premises ln good and tenantable condition'
;;;;;;;" ";;;""t"g" i. .uu'"J a'u to the neslisence of the LESSEE' to the Leased
Pr em ses, LLS\tt shar. bea' thF cost of t epa'r\'
LESSEE wilt, at the expiratlon of the Tenancy Period or any premature termination thereof'
p"".uuflv u"a qri",fy iurrender to LEssoR the vacant possession of the Leased Premises'
tEssEE shall be responsible for security within the Leased Premises starting from the date of
handover ofthe same to LESSEE.
LESSEE shall not store, brlng onio, t.lse or release any hazardous materials or manufacture'
o_roJu." o, ."r,V on ,ny ,.tiri,y which creates or leads to the creation of any hazardous
8.3
4.4
8.6
8-l
88
8.9
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,
materials or do anything which may endanger the safety or be a nuisance to the other LESSEES
9, LESSOR'S COVENANTS:
LESSOR herebY covenants as fo lows:
g.1 LESSEE sha l, bv paying the rent and performlng the covenants herein contained' peaceably
hold, access and enioy the Leased Premises without any interruptlon from LESSOR or anV person
rightfu y clalming hereunder, ln trust for his successor or any other person whomsoever'
g_2 LESSOR shall provlde centra fire detectlon systems with flre hose and pump for firefightlng
system. LESSOR sha a so provide adequate numbers of smoke and heat detectors for centra
fire detection systems The Owners Associat on/BLri d ng Management Comm tiee shaLl malntain
a contro room aong wlth adequate number of personnel to monitor and respond on any
emergency in respect of the safety and security of the buildlng
9.3 LESSOR shall keep all and revenue, municipal taxes and all other Government dues paid and
g4 TheTlte to any equipment, machinery or fixtures insta led by LESSEE shal remain with LESSEE
at Jl I Te:.
g,5AfterhandinsovertheLeasedPremisestoLEssEE,LEssoRshaLnotdoanythingtooffendthe
securitv and safety to the Leased Premises ancl the employees of LESSEE' even while
.onstlUction work is in Progress.
9.6 LESSOR shall manage, malntaln and keep secure the Premlses 50 as to ensure a conducive
atmosphere for commercla activities free from any kind of nuisance and dlsturbance
whatsoever.
LEssEEshalallowtheLeasedPremisestobe]nspectedbYLESsoRandoritsaUthorized
representative at any time during offlce hour subject to prior approval of LESSEE
LEssoRshallensurethattheeLectrcityloadandwatersuppLytothePremisesareadeqUateand
that the operations of LESSEE will not be disrupted, subject to availabiLity of services from the
9.7
9.8
respective Govt. Authorltles
TheoWnersAssoc]atlonshakeeptheLifts,utiitiesandothernecessaryequipment,andrelated
permits of the Premises, in good order, senr'iceable and availab e to be used at aLl times'
9.9
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9.10
10 PROVIDED ALWAYS AND IN IT HEREBY EXPRESSTY AGREED AS FOLLOWS
10.1
fi.2
10.3
10.4
10.s
The owners Association shall keep interior common areas? and the exterior of the Premises
adequately lit and any fused ight bulbs shall be replaced promptly at the Owners Association
Cost.
TheLEssEEshalbeentitledtoinstalairconditioners,communicationequipment'securlty
containers and a I other appliances and flxtures including security door locks' that may be
desirabe]nthe,LeasedPremises,andremovethesamewithinfortnightfromtheterminztionof
the lease,
n the event that the 'Leased Premises' or any part thereof is requlsitioned by the Government
of Bangladesh, or any other egislative authority or the 'Leased Premises are sold to a third
party;ho is unacceptable to the LESSEE, the LESSEE, shal have the optlon of terrn natlng this
lease from the date of such requlsltlon or ownershlp without the LESSOR or his successor or
assigns belng entitled to any payment other than the renta accrued to the date the LESSEE
surr"enders t-he 'Leased Premises. Should the'Leased Premises be sold and the LESSFE elect to
remainthereintheLEssoRundertakestoassurethatthepurchaserundertakestoacceptalLthe
Lt5(Oq , IrBhrs and obl'8drio-s ol th s lease.
As long as the LESSEE pays the rent observes and performs the various covenants herein on his
part cJntained, neither the LESSOR nor anyone acting on his beha f or rightfully claiming under
h]morotherwisehowsoeversha!disturbtheLEssEEinitspeacefuLandun]nterrupted
occupation and enjoyment ofthe Leased Premises '
The LESSEE shall not be responslb e for any repairs or replacement made necessary as a result of
damage to the'Leased Premises caused bY fire, clvil disturbance, riot, vandalism' aircraft and
other aerial devices, war, floods, earthquakes or force majored'
The LESSOR may insure the building, fixtures, furnishings and equipment owned by the LESSOR
against damage by fire. ln the event that the LESSOR decides to se f insure, the LESSOR shall and
a"o". t,"r"fy t ota ife TESSEE harmless for any oss or damage to the 'Leased Premises' resulting
from the risks aforesald.
TheLEssoRshalindemnifyandholdLEssEEharmlessfromanyandal]iabi!ity,damages,claim
andexpenseswhichmayrelatetodamageorinjurytoanypersonortothegoodsofanyperson
arislng from LESSOR's failure to keep the 'Leased Premlses' in good condition as provlded herein'
Except for causes due to the fault or neg igence of the LESSOR, furniture and equlpment' owned
bV the LESSEE and its personnel sha I be and remaln at the LESSEE's sole risk' nsurance against
10.6
*
CI
7
loss or damage of fixtures, furniture's, equipment owned by the LESSEE and its personnel, shall
be at the option ofthe LESSEE.
1A.'l No change, variatlon, or modlfication of the terrns and conditions set forth herein shall be valld
un ess incorporated as AMENDMENT to this Lease Deed signed by the parties.
10.8
10.9
Al notlces and communlcations under the Agreement shall be deemed given when glven in
wrlting elther by hand, post, facsimile or any electronlc media, including traced e mail,
addressed to the followingl
FOR LESSOR FOR LESSEE
IMahiur Rahman Ab r
Awal Centre (11th Floor),
34, Kema Ataturk Av€nue, Banani
C/A, Dhaka-1213 Bangladesh Ltd.
Ce l:01713367038
S.l(KAFEE (BlP U L) (Senior Managed
represented by Murata IUachinerY
Bangladesh Ltd.
5/o. Late. S M Kamal. Centra Road, House
# 71, Flat # B 5, Dhanmondy, Dhaka 1206,
Bangladesh. NID card number
6122204736501.
E'mail: bipul@muratec-bd.com,
: noboru.ide@mel.muratec.co.jp
Al questions, dlsputes or differences whatsoever which may at any time arise between the
parties hereto or their respective representatives touching these presents or the subject matter
hereof or arising out of or ln relating thereto respectlve y and whether as to constructlon or
otherwise which is ngt.setted by negotiatlon or other agreed mode of settlement shall be
submitted to the Arbitration of a sing e arbitrator to be appolnted by the parties hereto at the
request to either party. The provisions of Arbitration Act,2001 shal appy. The parties hereto
agree to be bound by any Arbltration award rendered u nder this clause as the final adl'udication.
10.10. This Lease Deed shal be executed ln 2 (two) copies and each sha be treated as original
+ J
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E-maili mahiur@orna l.corn
EDUL .A'OFT TEASED REMISES"
13th Floor measuring 6200 sq. feet of the building named Paradise Tower' located at Plot # 11'
Sector-3, Thana: Uttara, District: Dhaka, Bangladesh'
lNWITNEssWHEREoFthePartiesheretosignandexecutetheAgreementontheday,month
and ye ar aforementioned SIGNATU RE
FOR AND ON BEHALF OF LESSOR
za-oi -702-3
Mahiur Rahman Abir
Awal centre (11lh Floor),
34, Kemal Ataturk Avenue, Banani c/A,
Dhaka-1213 Ban ladesh
FOR AND ON BEHALF OF LESSEE
(Senior Manager) represented by Murata
Machinery Bangladesh Ltd.
S/o. Late. S N4 Kamal. Central Road, House
# 71, Flat # B-5, DhanmondY, Dhaka 1206,
ladesh Ba
s .KAFEE BIPUL
SIG NATU RE
WINTESS: OF LESSOR
Md.Majibar Rhman
Awal Centre (11th Floor),
34, Kemal Ataturk Avenue,
Banani c/A,Dhaka-1213,
Ban ladesh SIGNATU RE
WINTESS: oF LESSoR
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?%$'
Md,Kawsar Alam
Manager, procurement PSML
Awal Centre (11th Floor)
34, Kemal Ataturk Avenue.
Bananic/A, Dhaka-1213
Bangladesh SIGNATU RE
WINTESS: OF LESSEE
Noboru lde
Managing Director.
Murata (Thailand) co., Ltd
N,4obiler +66 61-265-5184
Passpo rt No.lvlu8299500 slG ATU RE
WINTESS: OF LESSEE
R1 (e
Shuichi Hashimoto
General Manager.
N,4urata {Thailand) Co, Ltd
Mobile: +66 92-260-0680
Passpo rt No.TR7824590
SIGNATURE
29-o\'2n23
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