LEAVE AND LICENSE AGREEMENT

Particulars Amount Paid GRN/Transaction Id Date

Stamp Duty Rs. 2845.40/- MH017090228202324E 11/03/2024
DHC Rs. 300/- 0324119620134 11/03/2024
Registration Fee Rs. 1000/- MH017090228202324E 11/03/2024

LEAVE AND LICENSE AGREEMENT

This agreement is made and executed on 16/03/2024 at Mumbai
Between,

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1) Amit Mangilal Jain (HUF)(HUF) Residing at: Block Sector:Ashok Nagar, Road:-, Kandivali
East, Mumbai, Maharashtra, 400101

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through his Karta of HUF Mr. Jain Amit Mangilal, Age : About 44 Years Residing at: Flat No:B-244,
Building Name:Kalpataru Gardens, Block Sector:-, Road:Ashok Chakravarti Road, Kandivali East,

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Mumbai, Maharashtra, 400101

HEREINAFTER called ‘the Licensor (which expression shall mean and include the Licensor above

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named and also his/her/their respective heirs, successors, assigns, executors and administrators)

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1) Name: Mr.Jain Ritesh Shobhalal, Age : About 36 Years Residing at: Flat No:Room No. 26, Floor
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No:2, Building Name:Jay Vijay Building, Block Sector:Thakurdwar, Road:Dr Babasaheb Jaykar
Marg, Kalbadevi, Mumbai, Maharashtra, 400002
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HEREINAFTER called ‘the Licensee’ (which expression shall mean and include only Licensee
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above named).

WHEREAS the Licensor is absolutely seized and possessed of and or otherwise well and
sufficiently entitled to all that constructed portion being unit described in Schedule I hereunder
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written and are hereafter for the sake of brevity called or referred to as Licensed Premises and
is/are desirous of giving the said premises on Leave and License basis under Section 24 of the
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Maharashtra Rent Control Act, 1999.

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AND WHEREAS the Licensee herein is in need of temporary premises for Residential use
has/have approached the Licensor with a request to allow the Licensee herein to use and occupy
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the said premises on Leave and License basis for a period of 36 Months commencing from
01/04/2024 and ending on 31/03/2027, on terms and subject to conditions hereafter appearing.

AND WHEREAS the Licensor have agreed to allow the Licensee herein to use and occupy the
said Licensed premises for his aforesaid Residential purposes only, on Leave and License basis
for above mentioned period, on terms and subject to conditions hereafter appearing;

NOW THEREFORE IT IS HEREBY AGREED TO, DECLARED AND RECORDED BY AND

BETWEEN THE PARTIES HERETO AS FOLLOWS:-

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 LEAVE AND LICENSE AGREEMENT

1) Period: That the Licensor hereby grants to the Licensee herein a revocable leave and license,
to occupy the Licensed Premises, described in Schedule I hereunder written without creating any
tenancy rights or any other rights, title and interest in favour of the Licensee for a period of 36
Months commencing from 01/04/2024 and ending on 31/03/2027

2) License Fee & Deposit:That the Licensee shall pay to the Licensor the following amount per
month towards the compensation for the use of the said Licensed premises.
a) Rs. 28500/-(Twenty-Eight Thousand Five Hundred Only) per month for the first 12 months,
b) Rs. 29925/-(Twenty-Nine Thousand Nine Hundred and Twenty-FiveOnly) per month for the next
12 months,

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c) Rs. 31421/-(Thirty-One Thousand Four Hundred and Twenty-OneOnly) per month for the next

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12 months.

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The amount of monthly compensation License fee shall be payable within first five days of the
concerned month of Leave and License. Licensees shall also pay to the Licensor Rs. 200000

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interest free refundable deposit, for the use of the said Licensed premises.

3) Payment of Deposit: That the Licensee have paid / shall pay the above mentioned

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deposit/premium as mentioned above by Cheque/NEFT/RTGS No. CBINR52024031110012568,
dated – 12/03/2024 , drawn on the Licensee’s Banking Account with --select-- Bank, Branch.
Amount Rs.200000/-(Two Lakh Only)
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4) Maintenance Charges: That the all outgoings including all rates, taxes, levies, assessment,
maintenance charges, non occupancy charges, etc. in respect of the said premises shall be paid
by the Licensor.
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5) Electricity Charges: The licensee herein shall pay the electricity bills directly for energy
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consumed on the licensed premises and should submit original receipts to Licensor indicating that
the electricity bills are paid.
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6) Use: That the Licensed premises shall only be used by the Licensee for Residential
purpose.The Licensee shall maintain the said premises in its existing condition and damage, if any,
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caused to the said premises, the same shall be repaired by the Licensee at its own cost subject to
normal wear and tear. The Licensee shall not do anything in the said premises which is or is likely
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to cause a nuisance to the other occupants of the said building or to the prejudice in any manner to
the rights of Licensor in respect of said premises or shall not do any unlawful activities prohibited
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by State or Central Government .

7) Alteration: That the Licensee shall not make or permit to do any alteration or addition to the
construction or arrangements (internal or external) to the Licensed premises without previous
consent in writing from the Licensor.

8) No Tenancy: That the Licensee shall not claim any tenancy right and shall not have any right to
transfer, assign, and sublet or grant any license or sub-license in respect of the Licensed Premises
or any part thereof and also shall not mortgage or raise any loan against the said premises.

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 LEAVE AND LICENSE AGREEMENT

9) Inspection: That, the Licensor shall on reasonable notice given by the Licensor to the Licensee
shall have a right of access either by himself / herself / themselves or through authorized
representative to enter, view and inspect the Licensed premises at reasonable intervals.

10) Lock in period: Both the parties have agreed to set a lock-in period of 24 months during which
neither the Licensor shall ask the licensee to vacate the premises, nor the licensee shall vacate the
premises on his own during the lock-in period.In spite of this mandatory clause, if the licensee
leaves the premises for whatsoever reason, he shall pay to the Licensor license fee for the
remaining lock-in period at the rate of agreed upon in the agreement. On the other hand, Licensor
shall compensate the Licensee for loss and inconvenience caused to the Licensee if he has been

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asked to vacate the premises.

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11) Cancellation: That, Subject to the condition of lock in period (if any), if the Licensee commits

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default in regular and punctual payments of monthly compensation as herein before mentioned or
commit/s breach of any of the terms, covenants and conditions of this agreement or if any

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legislation prohibiting the Leave and License is imposed, the Licensor shall be entitled to revoke
and / or cancel the License hereby granted, by giving notice in writing of one month and the

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Licensee too will have the right to vacate the said premises by giving a notice in writing of one
month to the Licensor as mentioned earlier.
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12) Possession: That the immediately at on the expiration or termination or cancellation of this
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agreement the Licensee shall vacate the said premises without delay with all his goods and
belongings. In the event of the Licensee failing and / or neglecting to remove himself and / or his
articles from the said premises on expiry or sooner determination of this Agreement ,the Licensor
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shall be entitled to recover damages at the rate of double the daily amount of compensation per
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day and or alternatively the Licensor shall be entitled to remove the Licensee and his belongings
from the Licensed premises, without recourse to the Court of Law.

13) Registration: This Agreement is to be registered and the expenditure of Stamp duty and
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registration fees and incidental charges, if any, shall be borne by the Licensee and Licensor
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equally .

SCHEDULE I
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(Being the correct description of premise Apartment/Flat which is the subject matter of these
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presents)

All that constructed portion being Residential unit bearing Apartment/Flat No. 1302, Built-up :690
Square Feet, situated on the 13th Floor of a Building known as 'Buildcon Raksha' standing on the
plot of land bearing C.T.S. Number :-,Road: Ashok Nagar, Opp Axis Bank, Location: Kandivali
East, Mumbai 400101, of Village:Kandivali,situated within the revenue limits of Tehsil Borivali and
Dist Mumbai Sub-urban District and situated within the limits of Mumbai Municipal Corporation.

IN WITNESS WHEREOF the parties hereto have set and subscribed their respective signatures by
way of putting thumb impression electronic signature hereto in the presence of witness, who are
identifying the executants, on the day, month and year first above written.

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 LEAVE AND LICENSE AGREEMENT

Name & Address Photo Thumb Verified Digitally

signed
Licensor
Amit Mangilal Jain (HUF) (HUF)
through his Karta of HUF Mr. Jain Amit Mangilal
Address:Flat No:B-244, Building Not Available
Name:Kalpataru Gardens, Block Sector:-,
Road:Ashok Chakravarti Road, Kandivali East,
Mumbai, Maharashtra, 400101

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Licensee

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Mr.Jain Ritesh Shobhalal
Address:Flat No:Room No. 26, Floor No:2,

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Not Available
Building Name:Jay Vijay Building, Block
Sector:Thakurdwar, Road:Dr Babasaheb Jaykar

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Marg, Kalbadevi, Mumbai, Maharashtra, 400002

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Witness of execution of all executants
Yadav Girivardhari
Address: Block Sector:-, Road:-, Kandivali West, Not Required
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Mumbai, Maharashtra, 400067
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Witness of execution of all executants

Belekar Swapnil Balkrushna
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Address: Block Sector:-, Road:-, Madsangavi, Not Required

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Nashik, Maharashtra, 422003

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Admission Of Execution / Identification

The following parties have admitted that they have executed the Agreement of Leave and Licenses
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& the identifires have stated that they are well acquainting to the said parties.They have given their
consent to, Department of Stamp and Registration,Maharashtra State to obtain their Aadhaar
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number, Name and fingerprint for authentication with UIDAI and their identity has been verified with
the UIDAI.

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 LEAVE AND LICENSE AGREEMENT

Type of Party, Date & Time of Date ,Time of Information received from
Name & UID Admission Verification UIDAI(Name,Gender,Aadhaar/Ref No,Photo)
with UIDAI
Licensee
Jain Ritesh 12/03/2024 12/03/2024 Ritesh Shobhalal Jain, Male,
Shobhalal 12:41:26 PM 12:41:51 PM 1217007130152357888

licensor
Amit Mangilal

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Jain (HUF) 12/03/2024 12/03/2024 Amit Mangilal Jain, Male,

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through Karta of 10:40:45 AM 10:42:50 AM 1216977180011614208
HUF Jain Amit

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Mangilal
identifier for all

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executants 13/03/2024 13/03/2024 Swapnil Balkrushna Belekar,
Belekar Swapnil 12:38:35 PM 12:39:01 PM Male, 1167713757507964928

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Balkrushna
identifier for all
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executants 13/03/2024 13/03/2024 Girivardhari Yadav, Male,
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Yadav 11:17:29 AM 11:18:05 AM 1168520391121461248

Girivardhari
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