Common use of The Lease Clause in Contracts

The Lease. 2.1. In consideration of the payment made and promised as set out herein above and reserved and the covenants on the part of the Second Party, NRANVP, hereby leases and demises on an "as is where is basis" unto the Second Party under the Procedure & terms and conditions for of Plot for Development of Industrial Units, Xxxx Raipur Xxxx Nagar and this Agreement and effective from the date of signing of this Agreement, the land parcel (herein after called as "Leased Land") without interruption or interference free from encumbrances. 2.2. NRANVP hereby vests the Demised Premises unto the Lessee under the terms of this Agreement 2.3. In consideration of the Total Land Premium, The Lessee has already made the payment of 100% of the Land Premium of INR _ (Rupees only), after adjusting the EMD Amount of INR (Rupees only), INR__(Rupees Only) vide MR No. __, dated ___ _ 2.4. The Lessee shall also, effective from the date of signing of this Agreement and during the term of the Lease Period, pay Lease Rent to the NRANVP at the rate of 2% (Two Percent) (the “Annual Lease Rent”) of the Total Land Premium per annum and applicable taxes in advance before 1st day of April of every year during the Lease Period, by way of a Demand draft or pay order in favour of the NRANVP on a nationalized/scheduled bank having a branch at Raipur/Xxxx Raipur Xxxx Nagar. However, the first Annual Lease Rent shall be for the period commencing from the date of execution of this Agreement till 31st March of the calendar year in which this Agreement is executed and the same shall be deposited by the lessee prior to the execution of this Agreement. In the last year of subsistence of this Agreement, the Annual Lease Rent due shall be for the period from 1st April till this Agreement ceases to be in force. Provided that, on and with effect from the thirty-first year of this Agreement, the Annual Lease Rent payable per annum shall stand increased maximum by 100% (Hundred Percent) of the Annual Lease Rent prevalent in the thirtieth year, as decided by the NRANVP and similarly on and with effect from the sixty-first year of this Agreement, the Annual Lease Rent payable per annum shall stand increased maximum by 100% (Hundred Percent) of the Annual Lease Rent prevalent in the sixtieth year, as decided by the NRANVP, under the provisions of Chhattisgarh Xxxxxxx Khsetra (Xxxxx Xxxxxxxx ka Vyayan) Niyam.

The Lease. 2.1. In consideration of 3.1 The lessor hereby leases the payment made and promised as set out herein above and reserved leased property to the lessee and the covenants on the part of the Second Party, NRANVP, lessee hereby leases and demises on an "as is where is basis" unto the Second Party under leased property from the Procedure & terms and conditions lessor for a period of Plot for Development of Industrial Units, Xxxx Raipur Xxxx Nagar and this Agreement and effective 5 years beginning from the date of signing set out in clause 6 of this Agreement, the land parcel (herein after called as "Leased Land") without interruption or interference free from encumbrancesagreement. 2.2. NRANVP hereby vests 3.2 The lessee has an option to extend the Demised Premises unto period of the Lessee lease by 5 additional periods of one year each (hereinafter: the period of the first, second, third, fourth, fifth option or "the option period", depending on the circumstances). 3.3 A condition for exercising the said option is the fulfillment of the lessees obligations, in their entirety, under the terms of this Agreement 2.3agreement. In consideration Each of the Total Land Premium, The Lessee has already made above option periods will be exercised automatically unless the payment of 100% lessor shall receive no later than 60 days before expiry of the Land Premium option or period of INR _ (Rupees only)the previous option, after adjusting depending on the EMD Amount of INR (Rupees only)circumstances,, INR__(Rupees Only) vide MR No. __, dated ___ _ 2.4. The Lessee shall also, effective written notification from the date of signing of this Agreement and during the term lessee that he has no interest in availing himself of the Lease Periodoption period. If the lessee does not notify the lessor that he does not want to exercise the said option, pay Lease Rent the lessor shall deliver to the NRANVP at lessor a bank guarantee or a confirmation that the rate of 2% (Two Percent) (the “Annual Lease Rent”) period of the Total Land Premium per annum bank guarantee has been extended and applicable taxes in advance before 1st day of April of every year during the Lease Period, by way of a Demand draft or pay order in favour of the NRANVP on a nationalized/scheduled bank having a branch at Raipur/Xxxx Raipur Xxxx Nagar. However, the first Annual Lease Rent shall be for the period commencing from the date of execution of this Agreement till 31st March of the calendar year in which this Agreement is executed and the same shall be deposited by the lessee not later than 60 days prior to the execution expiry of the period of the lease or period of the previous option, depending on the circumstances. 3.4 The terms of this Agreementagreement, MUTATIS MUTANDIS, will apply to the option period. 3.5.1 The lessee will not be entitled to terminate the lease under the terms of this contract before the end of the period of the lease. In If the lessee cease to make use of the leased property or if he vacates it prior to the end of the period of the lease, this will not free the lessee from fulfilling all or any of his obligations under the terms of this agreement. 3.5.2 Notwithstanding the above, the lessee will be entitled to terminate the lease by giving at least 3 months notice in writing in any of the following circumstances: 3.5.2.1 The lessee will find a substitute lessee acceptable to the lessor who will agree to lease the leased property at least until the end of the period of the lease under the terms of this agreement and at a rent not less than the rent in this agreement and the lessor shall not refuse the substitute lessee without reasonable cause. 3.5.2.2 The lessee will pay the lessor a sum in New Israeli Sheqels equal to the rent for the last year of subsistence of this Agreement, month before he left the Annual Lease Rent due shall be for the period from 1st April till this Agreement ceases to be in force. Provided that, on leased property multiplied by three and with effect from the thirty-first year addition of this Agreement, the Annual Lease Rent payable per annum shall stand increased maximum by 100% (Hundred Percent) of the Annual Lease Rent prevalent in the thirtieth year, as decided by the NRANVP and similarly on and with effect from the sixty-first year of this Agreement, the Annual Lease Rent payable per annum shall stand increased maximum by 100% (Hundred Percent) of the Annual Lease Rent prevalent in the sixtieth year, as decided by the NRANVP, under the provisions of Chhattisgarh Xxxxxxx Khsetra (Xxxxx Xxxxxxxx ka Vyayan) Niyam.V.A.

The Lease. 2.1. In consideration The Lessor is hereby granting by title of lease to the Lessee/s, who in turn hereby accepting and leases from the Lessor under the said title of lease the Property, along with access to the main entrances of the payment made Block and promised as set out herein above and reserved and its shared areas, subject to the covenants on the part of the Second Party, NRANVP, hereby leases and demises on an "as is where is basis" unto the Second Party under the Procedure & terms and conditions for of Plot for Development of Industrial Units, Xxxx Raipur Xxxx Nagar established in this Agreement. The Property is being leased fully furnished by the Lessor. The lease shall commence and this Agreement and effective take effect as from the date ____ (day) of signing the month of __________ of the year two thousand and __________________ (20____), hereinafter referred to as the “Commencement Date”, of which the first six (6) months shall be di fermo. The lease shall run for a period of twelve (12) months, and for the purposes of clarity, the lease shall expire on the ____ (day) of the month of _________________ of the year two thousand and _______________ (20___), hereinafter referred to as the “Termination Date”. The Lessor shall give notice to the Lessee/s by registered mail or email of such termination of the lease at least three months before the Termination Date, as required by law. In default of such notice the lease shall be deemed to be renewed for a further period of one (1) year, subject to the terms and conditions of this Agreement, but which may include the land parcel (herein after called relative yearly Rent Increase as "Leased Land") without interruption or interference free from encumbrances. 2.2. NRANVP hereby vests the Demised Premises unto the Lessee under the terms of this Agreement 2.3. In consideration of the Total Land Premium, The Lessee has already made the payment of 100% of the Land Premium of INR _ (Rupees only), after adjusting the EMD Amount of INR (Rupees only), INR__(Rupees Only) vide MR No. __, dated ___ _ 2.4. The Lessee shall also, effective from the date of signing of this Agreement and during the term of the Lease Period, pay Lease Rent to the NRANVP at the rate of 2% (Two Percent) (the “Annual Lease Rent”) of the Total Land Premium per annum and applicable taxes established in advance before 1st day of April of every year during the Lease Period, by way of a Demand draft or pay order in favour of the NRANVP on a nationalized/scheduled bank having a branch at Raipur/Xxxx Raipur Xxxx Nagar. However, the first Annual Lease Rent shall be for the period commencing from the date of execution of this Agreement till 31st March of the calendar year in which this Agreement is executed and the same shall be deposited by the lessee prior to the execution of this Agreement. In the last year of subsistence Article 3.6 of this Agreement, in which case this is to be communicated by the Annual Lease Rent due Lessor to the Lessee at least three months in advance. The Lessee/s may not terminate the lease during the period di fermo. The remaining period shall be for di rispetto, during which the period from 1st April till this Agreement ceases Lessee may terminate the lease at any time provided that the Lessee/s gives notice to be in force. Provided that, on and with effect from the thirty-first year Lessor by registered letter of this Agreement, at least one (1) month before the Annual Lease Rent payable per annum shall stand increased maximum by 100% (Hundred Percent) intended termination date of the Annual Lease Rent prevalent lease indicating the Lessee/s intent to terminate the lease. The Lessor is hereby handing over and delivering to the Lessee/s __________ (__) sets of keys to the Property/letter box of which the Lessee/s acknowledges due receipt. The Lessee/s agrees that the Lessor shall also retain copies of the keys to the Property. The Lessee/s shall not make any additional copies of any of the keys handed over by the Lessor. The Lessee/s agree to not give any of the keys, to any persons not mentioned in the thirtieth yearAgreement. The Lessee/s shall report any lost/stolen keys immediately (or as soon as is duly possible, as decided by and in no case later than 24 hours from when they became aware of such) to the NRANVP and similarly on and with effect from Lessor. The Lessee/s further agrees that he/she shall bear all costs for replacing locks or keys if either loss/damage is done at his/her/their fault or negligence, or should he/she fail to return the sixty-first year of this Agreement, the Annual Lease Rent payable per annum shall stand increased maximum by 100% (Hundred Percent) of the Annual Lease Rent prevalent in the sixtieth year, as decided by the NRANVP, under the provisions of Chhattisgarh Xxxxxxx Khsetra (Xxxxx Xxxxxxxx ka Vyayan) Niyamsaid keys when required to do so.

The Lease. 2.1. In consideration 8.1 The Landlord will grant or procure the grant of the payment made and promised as set out herein above and reserved and the covenants on Tenant will accept the part Lease or the later of: 8.1.1 [***] from and including the Date of Works Completion 8.1.2 [***] from and including the Second Party, NRANVP, hereby leases Compliance Date 8.2 The Lease will be for a term of approximately 5 years from and demises on an "as is where is basis" unto the Second Party under the Procedure & terms and conditions for of Plot for Development of Industrial Units, Xxxx Raipur Xxxx Nagar and this Agreement and effective from including the date of signing completion and expiring upon 30th June 2006 8.3 The initial annual rent first reserved by the Lease will be [***] which will be payable from and including the Date of this Agreement, the land parcel (herein after called as "Leased Land") without interruption or interference free from encumbrances.Works Completion 2.2. NRANVP hereby vests the Demised Premises unto the Lessee under the terms of this Agreement 2.3. In consideration of the Total Land Premium, 8.4 The Lessee has already made the payment of 100% of the Land Premium of INR _ (Rupees only), after adjusting the EMD Amount of INR (Rupees only), INR__(Rupees Only) vide MR No. __, dated ___ _ 2.4. The Lessee shall also, effective from Tenant will on the date of signing of this Agreement and during the term for completion of the Lease Period, in accordance with clause 8.1 pay Lease Rent to the NRANVP at Landlord: 8.4.1 the rate of 2% (Two Percent) (the “Annual Lease Rent”) proportion of the Total Land Premium per annum rent first reserved by and applicable taxes in advance before 1st day of April of every year during then payable under the Lease Period, by way of a Demand draft or pay order in favour of the NRANVP on a nationalized/scheduled bank having a branch at Raipur/Xxxx Raipur Xxxx Nagar. However, the first Annual Lease Rent shall be for the period commencing from the date of execution of this Agreement till 31st March of the calendar year in which this Agreement is executed and the same shall be deposited by the lessee prior to the execution of this Agreement. In the last year of subsistence of this Agreement, the Annual Lease Rent due shall be for the period from 1st April till this Agreement ceases to be in force. Provided thatand including the Date of Works Completion [***] - CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, on MARKED BY [***] HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 24B-2 OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED. 8.4.2 any other rents reserved by or money payable and with effect then due under the Lease calculated from and including the thirty-first year Date of this Agreement, the Annual Lease Rent payable per annum shall stand increased maximum by 100% (Hundred Percent) Works Completion 8.5.1 Engrossments of the Annual Lease Rent prevalent in the thirtieth year, as decided and counterpart will be prepared by the NRANVP Landlord's Solicitors and similarly on within three working days of being called upon to do so the Tenant and with effect from the sixty-first year of this Agreement, Surety will execute the Annual Lease Rent payable per annum shall stand increased maximum by 100% (Hundred Percent) of counterpart and return it unconditionally to the Annual Lease Rent prevalent in the sixtieth year, as decided by the NRANVP, under the provisions of Chhattisgarh Xxxxxxx Khsetra (Xxxxx Xxxxxxxx ka Vyayan) Niyam.Landlord's Solicitors

The Lease. 2.1. In consideration 4.1 The Lessor hereby leases to the Lessee, and the Lessee hereby leases the property from the Lessor in a lease that is not protected by the Tenant Protection Law for the purpose of the payment made lease only, for a period and promised as set out herein above and reserved and the covenants on the part of the Second Party, NRANVP, hereby leases and demises on an "as is where is basis" unto the Second Party under the Procedure & terms and conditions for as specified in this agreement above and hereunder. 4.2 The Lessee warrants that it physically saw and inspected the lands on which the structure was built and its surroundings, and that it was able to inspect them from planning and legal aspects, as well as inspecting the property and/or its plans and/or specifications and/or the property blueprints, including the property’s and structure’s condition as of Plot for Development the conclusion of Industrial Unitsthis agreement, Xxxx Raipur Xxxx Nagar and this Agreement and effective that it received from the date Lessor and competent authorities all the information required, and that it found the building in compliance with the Lessor’s declarations and its needs, and that it hereby refrains from filing any grievance regarding compliance of signing the property and/or the structure with its needs and/or with the Lessor’s declarations and/or the quality of the property and/or any other grievance, except for hidden defects. The Lessor shall not be liable for changes and amendments made in the urban building plans that shall apply to the lands, if any, even if they were made prior to conclusion of this Agreementagreement. It is agreed that, in the event and as a result of changes and/or amendments made in the urban building plans applying to the lands, the land parcel (herein after called as "Leased Land") without interruption or interference free Lessee shall be enjoined from encumbrancescontinuing to lease the property pursuant to the terms and conditions of this agreement, and the Lessee shall be entitled to terminate this lease agreement immediately. 2.2. NRANVP hereby vests 4.3 The Lessor warrants that, to the Demised Premises unto best of its knowledge, there is no planning and/or legal and/or any other impediment preventing the leasing of the property to the Lessee under pursuant to the terms and conditions of this Agreement 2.3agreement. In consideration addition, the Lessor warrants that it has no undertakings (including conditional undertakings) contradicting its undertakings pursuant to this agreement, and that its signature on the agreement or fulfillment of its undertakings pursuant thereto does not constitute a breach of the Total Land Premium, The Lessee has already made the payment of 100% of the Land Premium of INR _ (Rupees only), after adjusting the EMD Amount of INR (Rupees only), INR__(Rupees Only) vide MR No. __, dated ___ _ 2.4. The Lessee shall also, effective from the date of signing of this Agreement and during the term of the Lease Period, pay Lease Rent to the NRANVP at the rate of 2% (Two Percent) (the “Annual Lease Rent”) of the Total Land Premium per annum and applicable taxes in advance before 1st day of April of every year during the Lease Period, by way of a Demand draft agreement or pay order in favour of the NRANVP on a nationalized/scheduled bank having a branch at Raipur/Xxxx Raipur Xxxx Nagar. However, the first Annual Lease Rent shall be for the period commencing from the date of execution of this Agreement till 31st March of the calendar year in which this Agreement is executed and the same shall be deposited by the lessee prior to the execution of this Agreement. In the last year of subsistence of this Agreement, the Annual Lease Rent due shall be for the period from 1st April till this Agreement ceases to be in force. Provided that, on and with effect from the thirty-first year of this Agreement, the Annual Lease Rent payable per annum shall stand increased maximum by 100% (Hundred Percent) of the Annual Lease Rent prevalent in the thirtieth year, as decided by the NRANVP and similarly on and with effect from the sixty-first year of this Agreement, the Annual Lease Rent payable per annum shall stand increased maximum by 100% (Hundred Percent) of the Annual Lease Rent prevalent in the sixtieth year, as decided by the NRANVP, under the provisions of Chhattisgarh Xxxxxxx Khsetra (Xxxxx Xxxxxxxx ka Vyayan) Niyamany other undertakings thereof.

The Lease. 2.1. In consideration (a) The Lessor shall grant to the Lessee and the Lessee shall take a lease of the payment made and promised Premises ("the Lease"). (b) The term of the Lease shall commence on the Commencement Date. (c) The terms of the Lease shall be as set out herein above in Schedule 1 and reserved and the covenants on the part of the Second Party, NRANVP, hereby leases and demises on an "as is where is basis" unto the Second Party under the Procedure & shall otherwise include all terms and conditions for of Plot for Development of Industrial Units, Xxxx Raipur Xxxx Nagar and set out in this Agreement and effective from be in the form of and upon the terms and conditions set out in the form of lease attached as Schedule 3. (d) The Lessee will pay to the Lessor a rental deposit equal to two months rental on the date of signing of that this Agreement, Agreement becomes unconditional. The rental deposit will be offset against the land parcel (herein after called as "Leased Land") without interruption or interference free from encumbrancesfirst two months rental payable to the Lessor. 2.2. NRANVP hereby vests 4.2 The Lessor shall be entitled to carry out and complete any finishing work in the Demised Premises unto or to the Building Project requiring completion or remedial work without causing unreasonable interference to the Lessee under the terms of this Agreement 2.3. In consideration of the Total Land Premium, The Lessee has already made the payment of 100% of the Land Premium of INR _ (Rupees only), after adjusting the EMD Amount of INR (Rupees only), INR__(Rupees Only) vide MR No. __, dated ___ _ 2.4. The Lessee shall also, effective from the date of signing of this Agreement and during even though the term of the Lease Periodmay have commenced. 4.3 The Lessee reserves the right to exclude the insurance payable from the building operating expenses, pay on satisfaction of a replacement policy payable directly by the Lessee and in such case the provision in item 6 of Outgoings and clause 9 of the Lease Rent shall be deleted. 4.4 The Lessor or its solicitor shall deliver or post the Lease to the NRANVP Lessee or to the solicitors for the Lessee for execution and the Lessee shall execute and return or procure the execution and return of the Lease as the case may be together with any costs for which the Lessee is responsible under this Agreement to the Lessor or the Lessor's solicitors within 14 days of such posting or delivery. 4.5 Until the Lease has been executed the Lessee and the Lessor shall be bound by the terms contained in this Agreement and in the form of lease as if the same had been completed and executed in accordance with this Agreement. 4.6 In the event of a conflict between any term of this Agreement and the terms of the form of lease attached as Schedule 3 the provisions of this Agreement shall prevail and the terms of this Agreement shall not merge in the Lease but shall remain in full force and effect. 4.7 Subject to clause 4.8 the initial annual rent payable shall be the Annual Rent referred to in item 10 of Schedule 1. (a) The parties agree that the area of the Premises is estimated as follows: Ground Floor 3,653 m2 Dock Apron 645 m2 ---------- 4,298 m2 As soon as practical the Lessor shall cause a registered surveyor to determine the rentable area of the Premises and such determination shall be final. (b) For the purposes of such determination the rentable area of the Premises shall be measured in accordance with the PLEINZ/BOMA Guide Method 3 in force at the rate time for measurement of 2% major retail premises. (Two Percentc) (the “Annual Lease Rent”) Upon determination of the Total Land Premium rentable area of the Premises the annual rent referred to in Schedule 1 shall be adjusted by multiplying the rentable area so determined by $135.00 per annum square metre (plus GST) for the ground floor space and applicable taxes $70.00 per square metre (plus GST) for the Dock Area and the "Lessee's Percentage of Outgoings" specified in advance before 1st day item 12 of April of every year during Schedule 1 shall be calculated in accordance with Schedule 1. Following such determination the Lease Period, by way of a Demand draft or pay order in favour of the NRANVP on a nationalized/scheduled bank having a branch at Raipur/Xxxx Raipur Xxxx Nagarshall be completed including such details. However, the first The parties shall adjust any rental and outgoings promptly following such determination. 4.9 The Annual Lease Rent shall be for reviewed in accordance with the period commencing from Rent Review clause in the date of execution of this Agreement till 31st March Lease in Schedule 3 on the third anniversary of the calendar year in which this Agreement is executed Commencement Date and three yearly thereafter PROVIDED THAT the same new Annual Rent for each review period shall not be deposited less than the Annual Rent payable by the lessee prior to Lessee at the execution of this Agreement. In the last year of subsistence of this Agreement, the Annual Lease Rent due shall be for the period from 1st April till this Agreement ceases to be in force. Provided that, on and with effect from the thirty-first year of this Agreement, the Annual Lease Rent payable per annum shall stand increased maximum by 100% (Hundred Percent) commencement of the Annual Lease Rent prevalent in the thirtieth year, as decided by the NRANVP and similarly on and with effect from the sixty-first year of this Agreement, the Annual Lease Rent payable per annum shall stand increased maximum by 100% (Hundred Percent) term of the Annual Lease Rent prevalent in the sixtieth year, as decided by the NRANVP, under the provisions of Chhattisgarh Xxxxxxx Khsetra (Xxxxx Xxxxxxxx ka Vyayan) NiyamLease.

The Lease. 2.1. In consideration 7.1 The Lessor hereby lets the Leased Premises to the Lessee and the Lessee hereby takes the Leased Premises on hire from the Lessor, under a lease which is not protected under the Tenants Protection Law, for the period and for the purpose of the payment made lease only. Should the Lessor decide to let other parts of the Building, the Lessor undertakes to give notice to the Lessee to that effect and promised to give the Lessee a right of first refusal to take the additional portion of the Building on hire which the Lessor wishes to let. The Lessee will notify the Lessor within 14 days from the date the Lessor's notice is sent with regard to its intention to let the additional area as to whether or not it, the Lessee, wishes to take same on hire. Should the Lessee fail to give notice of its intention to take the additional area on hire within the aforesaid period of 14 days, the Lessor will be entitled to let the additional area as it deems fit. If the Lessee should give notice within the aforesaid period of its desire to take the additional area on hire, the rentals in respect of the additional area will be the rentals which are payable per square meter as stipulated in this Agreement, or the rentals which are the customary norm for the property at such time, whichever is the higher. The remaining terms of the lease will be, mutatis mutandis, as set out herein above forth in this Agreement. The Lessee undertakes to sign a lease agreement with the Lessor and reserved to furnish the Lessor with the guarantees and collateral in connection with the covenants on additional area, immediately upon the part Lessor's first demand. The contents of this clause will not apply to an extension or widening of lease contracts with other tenants who, at the time the Lessor decides to let the additional area, have taken other portions of the Second PartyBuilding on hire. 7.2 The Lessor declares that it has not undertaken to let the Leased Premises to any third party and that at the time of signing of this Agreement it is not aware of any contractual or other bar to the letting of the Leased Premises to the Lessee. 7.3 The Lessee declares that it has examined the Leased Premises and/or the plans thereof and/or a specification and/or drawing of the Leased Premises, NRANVPand has found same to be suitable for its purposes, hereby leases and demises on an "as is where is basis" unto the Second Party under the Procedure & terms and conditions for of Plot for Development of Industrial Units, Xxxx Raipur Xxxx Nagar and that upon its signing this Agreement and effective the appendices hereto, it thereby precludes for itself any allegation in connection with the suitability of the Leased Premises for its needs and/or the quality of the Leased Premises and/or any other allegation. The contents of this sub-clause are conditional upon the construction of the Leased Premises and the parts of the Building mentioned in Appendices A, B and C by the Lessor being completed in accordance with the matters stipulated in Appendices A, B and C. 7.4 The Lessee declares that it is an industrial enterprise which has received approval from the Investment Center attached to the Ministry of Trade and Industry (hereinafter: "THE INVESTMENT CENTER APPROVAL") in accordance with the Law for the Encouragement of Capital Investments, 5719-1959 (hereinafter: "THE LAW FOR THE ENCOURAGEMENT OF CAPITAL INVESTMENTS"), the approved program for which includes the hiring of a property such as the Leased Premises for the next six years. The Lessee undertakes, as a basic and fundamental term of this Agreement, that it will conduct an approved industrial enterprise in the Leased Premises for a period of not less than six years from the date of signing of this Agreement, and will make its best efforts in order to retain and maintain this status for an additional period of one year, and to keep the land parcel (herein after called as "Leased Land") without interruption or interference free Investment Center Approval in force throughout all the aforesaid periods, and to take all the steps, to comply with all the conditions and to perform all the requirements lawfully demanded by any body, including the Investment Center, and including the providing of guarantees in accordance with Section 40G of the Law for the Encouragement of Capital Investments, in order to comply with this undertaking by it. Without derogating from encumbrances. 2.2. NRANVP hereby vests the Demised Premises unto remaining remedies available to the Lessor pursuant to this Agreement and/or according to law, the Lessee under undertakes to indemnify the terms Lessor in respect of this Agreement 2.3. In consideration any damages the Lessor may suffer in any circumstances in which the Investment Center Approval is revoked and/or suspended and/or otherwise prejudiced for any reason whatsoever, including acts or omissions of the Total Land PremiumLessee, The Lessee has already made the payment of 100% of the Land Premium of INR _ within 7 (Rupees only), after adjusting the EMD Amount of INR (Rupees only), INR__(Rupees Onlyseven) vide MR No. __, dated ___ _ 2.4. The Lessee shall also, effective days from the date of signing of this Agreement the Lessor's demand. 7.5 The Lessor declares that the Building has been constructed and during the term of the Lease Period, pay Lease Rent to the NRANVP at the rate of 2% (Two Percent) (the “Annual Lease Rent”) of the Total Land Premium per annum and applicable taxes will be constructed in advance before 1st day of April of every year during the Lease Period, by way of accordance with a Demand draft or pay order in favour of the NRANVP on a nationalized/scheduled bank having a branch at Raipur/Xxxx Raipur Xxxx Nagar. However, the first Annual Lease Rent shall be for the period commencing from the date of execution of this Agreement till 31st March of the calendar year in which this Agreement is executed and the same shall be deposited by the lessee prior to the execution of this Agreement. In the last year of subsistence of this Agreement, the Annual Lease Rent due shall be for the period from 1st April till this Agreement ceases to be in force. Provided that, on and with effect from the thirty-first year of this Agreement, the Annual Lease Rent payable per annum shall stand increased maximum by 100% (Hundred Percent) of the Annual Lease Rent prevalent in the thirtieth year, as decided by the NRANVP and similarly on and with effect from the sixty-first year of this Agreement, the Annual Lease Rent payable per annum shall stand increased maximum by 100% (Hundred Percent) of the Annual Lease Rent prevalent in the sixtieth year, as decided by the NRANVP, under the provisions of Chhattisgarh Xxxxxxx Khsetra (Xxxxx Xxxxxxxx ka Vyayan) Niyamvalid building permit.

The Lease. 2.1. In consideration of the payment made and promised as set out herein above and reserved and the covenants on the part of the Second Party, NRANVP, hereby leases and demises on an "as is where is basis" unto the Second Party under the Procedure & terms and conditions for of Plot for Development of Industrial Units, Xxxx Raipur Xxxx Nagar and this Agreement and effective from the date of signing of this Agreement, the land parcel (herein after called as "Leased Land") without interruption or interference free from encumbrances. 2.2. NRANVP hereby vests the Demised Premises unto the Lessee under the terms of this Agreement starting from the ____ day of ____ 20__ on lease and the period shall be 90 (Ninety) years commencing from the ____day of _____ 20__ and ending on ____day of 20__, subject to an increase of maximum Hundred percent of the annual lease rent prevailing at that time, in every 30 years from the signing of Lease cum Development Agreement, as decided by the Authority and compliance of the terms and conditions of this Agreement. NRANVP hereby undertakes that it shall not terminate this Agreement, except upon the due and valid termination of this Agreement on the breach of any of the terms and conditions of this Agreement by the Lessee. 2.30.0. In Xx consideration of the Total Land Premium, The Lessee has already made the payment of 100% dated MR No. dated of INR _______ (Rupees only), INR (Rupees Only) vide of the Land Premium of INR _ (Rupees only), after adjusting the EMD Amount of INR (Rupees only), INR__(Rupees Only) vide MR No. __, dated ___ _Amount 2.4. The Lessee shall also, effective from the date of signing of this Agreement and during the term of the Lease Period, pay Lease Rent to the NRANVP at the rate of 2% (Two Percent) (the “Annual Lease Rent”) of the Total Land Premium per annum and applicable taxes in advance before 1st day of April of every year during the Lease Period, by way of a Demand draft or pay order in favour of the NRANVP on a nationalized/scheduled bank having a branch at Raipur/Xxxx Raipur Xxxx Nagar. However, the first Annual Lease Rent shall be for the period commencing from the date of execution of this Agreement till 31st March of the calendar year in which this Agreement is executed and the same shall be deposited by the lessee prior to the execution of this Agreement. In the last year of subsistence of this Agreement, the Annual Lease Rent due shall be for the period from 1st April till this Agreement ceases to be in force. Provided that, on and with effect from the thirty-first year of this Agreement, the Annual Lease Rent payable per annum shall stand increased maximum by 100% (Hundred Percent) of the Annual Lease Rent prevalent in the thirtieth year, as decided by the NRANVP and similarly on and with effect from the sixty-sixty- first year of this Agreement, the Annual Lease Rent payable per annum shall stand increased maximum by 100% (Hundred Percent) of the Annual Lease Rent prevalent in the sixtieth year, as decided by the NRANVP, under the provisions of Chhattisgarh Xxxxxxx Khsetra (Xxxxx Xxxxxxxx ka Vyayan) Niyam. 2.5. The physical possession of the plot shall be handed over to the lessee after registration of the lease deed on "as is" basis. The lessee shall commence the development and construction works for which the land has been granted, by obtaining development and/or building permission as the case may be and all other permissions/clearances/licenses required from the competent Authorities within the period of 1 year from the date of execution of this Agreement or any extension granted by NRANVP under the provision of this Agreement, from the date of signing the Lease cum Development Agreement. 2.6. The Lessee shall construct and develop the Industrial Unit as per the provisions in the Xxxx Raipur Xxxx Nagar Vikas Yaojana 2031 including the Development Control Regulation therein and Xxxx Raipur Xxxx Nagar Urban Design Guideline. For any other provisions required for land development/ building activity, the "Chhattisgarh Bhumi Vikas Niyam 1984" and National Building Code shall be applicable. 2.7. Within 30 (Thirty) days from the Appointed Date, the Authority shall provide for the purposes of the Industrial Unit, the possession of land on Lease hold basis to the Lessee: a. The Lessee shall have the right to use the Leased Land in accordance with the provisions of this Agreement and for this purpose the Lessee may regulate the entry and use of the Leased Land by the Third Parties without sub-letting any leasehold rights in favor of any third parties; b. The Lessee shall not without the prior written approval of the Authority use the Leased Land for any purpose other than for the purpose of the Industrial Unit and purposes incidental or ancillary thereto; c. The Lessee, shall not sale, mortgage, gift or otherwise hand over or transfer any land or immovable property thereon to any other person, without obtaining prior permission of the Authority. Such permission will not be given until a sum equal to 10% (Ten percent) of the prevailing premium of the land/Plot is deposited by lessee with the Authority. However, the above provision regarding the payment shall not be applicable if the property is mortgaged with the Central Government, State Government, Nationalized bank, Life Insurance Corporation, Chhattisgarh State Finance Corporation, Housing and Urban Development Corporation or other Financial Institution which are approved by the Authority from time to time. However the permission for the mortgage shall be granted subject to the following conditions: i. The mortgage permission shall be granted (where the plot is not cancelled or any show cause notice is not served), after registration of Lease Deed, in favour of Bank/Govt. organization/approved financial institution for on receipt of simple request from the Lessee. The Lessee should have valid time period for construction as per terms of this Agreement or have obtained valid extension of time for construction and should have cleared up-to-date dues of the plot premium and Annual Lease Rent. ii. The Lessee shall submit the following documents: I. Sanction letter of the concerned Bank/approved financial institution. II. An affidavit on non-judicial stamp paper of appropriate value duly notarized stating that there is no unauthorized construction and commercial activities on the allotted land Clearance of up to date dues. iii. NRANVP shall have first charge on the plot toward payment of all dues of NRANVP. Provided that in the event of sale or foreclosure of the mortgaged/charged property the Authority shall be entitled to claim and recover such percentage, as decided by the Authority, of the unearned increase in values of properties in respect of the market value of the said land as first charge, having priority over the said mortgage charge, the decision of the Authority in respect of the market value of the said land shall be final and binding on all the concerned parties. The Authority's right to the recovery of the unearned increase and the pre -emptive right to purchase the property as mentioned herein before shall apply equally to involuntary sale or transfer, be it Tender or through execution of decree of insolvency/ court Indemnity bond.

The Lease. 2.13.1. In consideration The Company hereby leases to the Lessee and the Lessee hereby leases from the Company the Leased Premises for the Term of the payment made and promised Lease as set out herein above and reserved and the covenants on the part of the Second Party, NRANVP, hereby leases and demises on an "as is where is basis" unto the Second Party under the Procedure & terms and conditions for of Plot for Development of Industrial Units, Xxxx Raipur Xxxx Nagar and this Agreement and effective from the date of signing forth in Appendix A of this Agreement, as of the land parcel (herein after called Lease Commencement Date, within the meaning of this term in Appendix A of the Lease Agreement and until the expiration of the Term of Lease within its meaning in Appendix A of the Agreement and in accordance with the provisions set forth in this Agreement and Appendixes thereof. The period as "Leased Land") without interruption or interference free from encumbrancesof the Lease Commencement Date until the expiration of the Term of Lease shall be referred hereinafter: “Term of Lease.” 2.23.2. NRANVP hereby vests the Demised Premises unto In case in accordance with Appendix A of this Agreement the Lessee under was granted the terms option to extend the Term of Lease for the Option Terms the provisions set forth in this section hereunder shall apply. The Option Terms that are defined in Appendix A shall be referred hereinafter collectively: “Option Terms.” Each of the Option Terms may be realized by the Lessee upon fulfillment of all of the following conditions cumulatively: (a) The Lessee did not commit a fundamental breach of its material undertakings in accordance with this Agreement following which the Company did not announce the lawful termination of this Agreement, as stated in section 29 hereunder, during the Term of Lease that preceded the Option Term. 2.3. In consideration (b) The Lessee delivered in advance to the Company postdated checks in the amount of the Total Land PremiumRent and the management fees, in addition to statutory VAT, in respect of each year of lease during the Option Term and securities for the entire Option Term in accordance with the provisions set forth in the Tender provisions set forth in section 5 of the Agreement, mutatis mutandis. (c) The Lessee has already made failed to deliver written notice to the payment of 100% Company regarding its wish to realize the Option Term, no later than 6 months prior to the expiration of the Land Premium Term of INR _ Lease before the relevant Option. For the avoidance of doubt it is clarified that in case the Lessee did not deliver written notice regarding the realization of the Option until the said date, the Term of Lease shall be extended automatically. For the avoidance of doubt it is clarified that in case the Lessee delivered written notice regarding its wish not to extend the Option until the said date, this Agreement shall be terminated upon expiration of the Term of Lease or upon expiration of the relevant Option Term, as the case may be, and the Company shall be entitled to engage with any third party it deems fit at its absolute and sole discretion with respect to the Leased Premises and the Lessee shall raise no claim and/or demand and/or suit in connection therewith and without derogating from the provisions set forth in section 28 hereunder. If and to the extent that the Lessee was granted options in accordance with the provisions set forth in Appendix A and in case the Option Terms were realized, in whole or in part, the provisions set forth in this Agreement shall apply to the lease during the said Option Terms as if they were part of the Term of Lease for all intents and purposes, mutatis mutandis, and subject to the provisions set forth in Appendix A regarding the Rent during the relevant Option Term and additional special provisions in this Agreement regarding the Option Term. 3.3. It is clarified that the Lessee shall not be entitled to receive possession in the Leased Premises as stated in section 3.1 above unless it meets the following conditions cumulatively: (Rupees only), after adjusting 1) This Agreement was signed by the EMD Amount of INR parties. (Rupees only), INR__(Rupees Only2) vide MR No. __, dated ___ _ 2.4. The Lessee shall also, effective from the date of signing of this Agreement and during the term of the Lease Period, pay Lease Rent paid to the NRANVP at Company the rate Rent and the management fees in addition to VAT for the 6 months of 2% (Two Percent) (the “Annual Lease Rent”) of the Total Land Premium per annum and applicable taxes in advance before 1st day of April of every year during the Lease Period, by way of a Demand draft or pay order in favour of the NRANVP on a nationalized/scheduled bank having a branch at Raipur/Xxxx Raipur Xxxx Nagar. However, the first Annual Lease Rent shall be lease for the period commencing starting after the grace period (expiring on 15.10.2018) in the period between 16.10.2018 until 15.4.2019. (3) The Lessee provided to the Company all the securities as stated in section 5 hereunder and all the certificates of insurance as stated in Appendix H(1) and H(2). (4) The Lessee delivered to the Company all the plans for alterations that will be implemented in the Leased Premises by the Lessee if and to the extent that any alterations will be implemented, subject to the provisions set forth in section 9 hereunder. (5) The protocol of delivery of the Leased Premises was signed by both parties. In case the Lessee failed to fulfill any of the conditions set forth above whose performance is imposed on the Lessee in accordance with this Agreement, delivery of possession in the Leased Premises to the Lessee shall be delayed until the Lessee fulfills all the said conditions, however this shall not derogate in any manner from the undertakings of the Lessee in accordance with this Agreement, including the undertaking to pay the full amount of the Rent in respect of the entire Term of Lease and/or delay in any manner the expiration date of execution the Term of this Agreement till 31st March Lease. Without derogating from the generality of the calendar year in which this Agreement is executed and aforesaid, the same Lessee and/or anyone acting on its behalf shall be deposited by entitled to note in the lessee prior to the execution protocol any defect and lack of conformity as stated in Appendix A and Appendix I of this Agreement. In To the last year extent that at the time of subsistence drafting the protocols defects that do not allow the performance of the adjustment works by the Lessee are discovered, the Company shall take measures to repair the defects and the delivery of possession date will be delayed accordingly until the repairs are actually made. Without derogating from the foregoing, it is agreed that to the extent that the Company delays in delivery of possession within its meaning in this Agreement for a period greater than 30 days, the Lessee shall be entitled to terminate the Agreement, without derogating from any right and/or relief and/or remedy granted to the Lessee in accordance with the provisions set forth in this Agreement and/or in accordance with the provisions set forth in any law. 3.4. The Lessee agrees that under any circumstances its rights by virtue of this Agreement, the Annual Lease Rent due Agreement shall be for the period from 1st April till this Agreement ceases to be registered in force. Provided that, on and with effect from the thirty-first year of this Agreement, the Annual Lease Rent payable per annum shall stand increased maximum by 100% (Hundred Percent) of the Annual Lease Rent prevalent Israel Land Authority and/or in the thirtieth year, as decided by Land Titles Registration Office and/or in any other official entity and the NRANVP and similarly on and with effect from Lessee shall have no claims and/or demands and/or suits towards the sixty-first year of this Agreement, the Annual Lease Rent payable per annum shall stand increased maximum by 100% (Hundred Percent) of the Annual Lease Rent prevalent Company in the sixtieth year, as decided by the NRANVP, under the provisions of Chhattisgarh Xxxxxxx Khsetra (Xxxxx Xxxxxxxx ka Vyayan) Niyamconnection therewith.

The Lease. 2.1. In 2.01 Each of the Owners, in consideration of the payment made and promised as set out herein above and reserved Rentals, xxxxxx agrees to lease and the covenants on Lessee hereby agrees to accept the part of Buses for lease during the Second Party, NRANVP, hereby leases Lease Period upon and demises on an "as is where is basis" unto subject to the Second Party under the Procedure & terms and conditions for of Plot for Development of Industrial Units, Xxxx Raipur Xxxx Nagar and this Agreement and effective from the date of signing of hereinafter appearing. 2.02 Notwithstanding anything contained in this Agreement, the land parcel Lessee may at any time terminate the lease in respect of any Bus without any cause by giving to the relevant Owner one (herein after called as "Leased Land"1) without interruption or interference free from encumbrancesmonth’s notice in advance. 2.2. NRANVP hereby vests the Demised Premises unto the Lessee under the terms of this Agreement 2.3. In consideration of the Total Land Premium, The Lessee has already made the payment of 100% of the Land Premium of INR _ (Rupees only), after adjusting the EMD Amount of INR (Rupees only), INR__(Rupees Only) vide MR No. __, dated ___ _ 2.4. 2.03 The Lessee shall alsoalso have the right to request replacement of any Bus without any cause by giving the relevant Owner one (1) month’s notice and such Owner shall replace such Bus as specified in the notice upon expiry of such notice with a Bus (not necessarily of the same model, effective carrying capacity and Age) which meets the standards as required for deployment as a scheduled public light bus and is fit for the Purposes and in such case, the Rental for such Bus shall be adjusted by reference to its Age and carrying capacity in accordance with the Benchmark Table. In the event that (i) the Owner fails to so replace pursuant to this sub-clause or (ii) the replacement Bus is not accepted by the Lessee, the Lessee shall have the right to terminate the lease in respect of such Bus without giving any compensation to the Owner. 2.04 The Parties may from time to time during the date term of signing this Agreement agree in writing to increase or reduce the number of Buses subject to lease under this Agreement, vary the list of Buses set out in Schedule 1 by adding any bus thereto, remove any Bus therefrom or replace any Bus therein with another bus (not necessarily of the same carrying capacity, Age and model), provided always that the Owners shall be obligated to increase the number of Buses subject to lease under this Agreement up to an aggregate of 315 Buses (representing the original number of Buses subject to lease under this Agreement set out in Schedule 1 as enlarged by approximately 10%) upon request of the Lessee. The lease of such Buses set out in Schedule 1 shall be governed by the terms and conditions of this Agreement and during their Rentals shall be determined by the term Benchmark Table. 2.05 The Parties expressly agree and confirm that (1) any third party(ies) beneficially and wholly owned by the Xxxx Family or any of the Lease Period, pay Lease Rent to the NRANVP at the rate of its member(s); and/or (2% (Two Percent) (the “Annual Lease Rent”any member(s) of the Total Land Premium per annum and applicable taxes in advance before 1st day of April of every year during Xxxx Family, shall be entitled, at any time with prior written notice from the Lease Periodrelevant Owner(s) to the Lessee, by way of a Demand draft to subrogate or pay order in favour supplement any of the NRANVP on a nationalized/scheduled bank having a branch at Raipur/Xxxx Raipur Xxxx NagarOwner(s) insofar as the subject matter hereunder (including but not limited to lease of the Buses and the rights and obligations of each Party) is concerned. However, the first Annual Lease Rent shall be for the period commencing from the date of execution The provisions of this Agreement till 31st March shall apply, mutatis mutandis, to such third party(ies) and/or member(s). For the avoidance of the calendar year in which this Agreement is executed doubt, such third party(ies) and/or member(s) shall include without limitation (1) company(ies) directly or indirectly and the same shall be deposited wholly owned by the lessee prior to Xxxx Family or any of its member(s); (2) trust(s) set up by the execution Xxxx Family or any of this Agreementits member(s); and (3) Xx. Xx, Mr. Xxxxxxx Xxxx, Ms. Xxxxxxx Xxxx, Xx. Xxxx Xxxx and Ms. Xxxxxx Xxxx. 2.06 In the last year of subsistence of this Agreementconnection with Clause 2.05, the Annual Lease Rent due Owners shall be for the period from 1st April till this Agreement ceases procure that such third party(ies) and/or member(s) shall irrevocably submit to be bound by and act in force. Provided that, on and accordance with effect from the thirty-first year of this Agreement, the Annual Lease Rent payable per annum shall stand increased maximum by 100% (Hundred Percentterms hereunder as if it were a party(ies) of the Annual Lease Rent prevalent in the thirtieth year, as decided by the NRANVP and similarly on and with effect from the sixty-first year of this Agreement, the Annual Lease Rent payable per annum shall stand increased maximum by 100% (Hundred Percent) of the Annual Lease Rent prevalent in the sixtieth year, as decided by the NRANVP, under the provisions of Chhattisgarh Xxxxxxx Khsetra (Xxxxx Xxxxxxxx ka Vyayan) Niyamhereto.

The Lease. 2.1. In 2.01 Each of the Owners, in consideration of the payment made and promised as set out herein above and reserved Rentals, xxxxxx agrees to lease and the covenants on Lessee hereby agrees to accept the part of Buses for lease during the Second Party, NRANVP, hereby leases Lease Period upon and demises on an "as is where is basis" unto subject to the Second Party under the Procedure & terms and conditions for of Plot for Development of Industrial Units, Xxxx Raipur Xxxx Nagar and this Agreement and effective from the date of signing of hereinafter appearing. 2.02 Notwithstanding anything contained in this Agreement, the land parcel Lessee may at any time terminate the lease in respect of any Bus without any cause by giving to the relevant Owner one (herein after called as "Leased Land"1) without interruption or interference free from encumbrancesmonth’s notice in advance. 2.2. NRANVP hereby vests the Demised Premises unto the Lessee under the terms of this Agreement 2.3. In consideration of the Total Land Premium, The Lessee has already made the payment of 100% of the Land Premium of INR _ (Rupees only), after adjusting the EMD Amount of INR (Rupees only), INR__(Rupees Only) vide MR No. __, dated ___ _ 2.4. 2.03 The Lessee shall alsoalso have the right to request replacement of any Bus without any cause by giving the relevant Owner one (1) month’s notice and such Owner shall replace such Bus as specified in the notice upon expiry of such notice with a Bus (not necessarily of the same model, effective carrying capacity and Age) which meets the standards as required for deployment as a scheduled public light bus and is fit for the Purposes and in such case, the Rental for such Bus shall be adjusted by reference to its Age and carrying capacity in accordance with the Benchmark Table. In the event that (i) the Owner fails to so replace pursuant to this sub-clause or (ii) the replacement Bus is not accepted by the Lessee, the Lessee shall have the right to terminate the lease in respect of such Bus without giving any compensation to the Owner. 2.04 The Parties may from time to time during the date term of signing this Agreement agree in writing to increase or reduce the number of Buses subject to lease under this Agreement, vary the list of Buses set out in Schedule 1 by adding any bus thereto, remove any Bus therefrom or replace any Bus therein with another bus (not necessarily of the same carrying capacity, Age and model), provided always that the Owners shall be obligated to increase the number of Buses subject to lease under this Agreement up to an aggregate of 312 Buses (representing the original number of Buses subject to lease under this Agreement set out in Schedule 1 as enlarged by approximately 10%) upon request of the Lessee. The lease of such Buses set out in Schedule 1 shall be governed by the terms and conditions of this Agreement and during their Rentals shall be determined by the term Benchmark Table. 2.05 The Parties expressly agree and confirm that (1) any third party(ies) beneficially and wholly owned by the Xxxx Family or any of the Lease Period, pay Lease Rent to the NRANVP at the rate of its member(s); and/or (2% (Two Percent) (the “Annual Lease Rent”any member(s) of the Total Land Premium per annum and applicable taxes in advance before 1st day of April of every year during Xxxx Family, shall be entitled, at any time with prior written notice from the Lease Periodrelevant Owner(s) to the Lessee, by way of a Demand draft to subrogate or pay order in favour supplement any of the NRANVP on a nationalized/scheduled bank having a branch at Raipur/Xxxx Raipur Xxxx NagarOwner(s) insofar as the subject matter hereunder (including but not limited to lease of the Buses and the rights and obligations of each Party) is concerned. However, the first Annual Lease Rent shall be for the period commencing from the date of execution The provisions of this Agreement till 31st March shall apply, mutatis mutandis, to such third party(ies) and/or member(s). For the avoidance of the calendar year in which this Agreement is executed doubt, such third party(ies) and/or member(s) shall include without limitation (1) company(ies) directly or indirectly and the same shall be deposited wholly owned by the lessee prior to Xxxx Family or any of its member(s); (2) trust(s) set up by the execution Xxxx Family or any of this Agreementits member(s); and (3) Xx. Xx, Mr. Xxxxxxx Xxxx, Ms. Xxxxxxx Xxxx, Xx. Xxxx Xxxx and Ms. Xxxxxx Xxxx. 2.06 In the last year of subsistence of this Agreementconnection with Clause 2.05, the Annual Lease Rent due Owners shall be for the period from 1st April till this Agreement ceases procure that such third party(ies) and/or member(s) shall irrevocably submit to be bound by and act in force. Provided that, on and accordance with effect from the thirty-first year of this Agreement, the Annual Lease Rent payable per annum shall stand increased maximum by 100% (Hundred Percentterms hereunder as if it were a party(ies) of the Annual Lease Rent prevalent in the thirtieth year, as decided by the NRANVP and similarly on and with effect from the sixty-first year of this Agreement, the Annual Lease Rent payable per annum shall stand increased maximum by 100% (Hundred Percent) of the Annual Lease Rent prevalent in the sixtieth year, as decided by the NRANVP, under the provisions of Chhattisgarh Xxxxxxx Khsetra (Xxxxx Xxxxxxxx ka Vyayan) Niyamhereto.