LEASE DEED

This Lease Deed (“Agreement”) is made and executed on ____ day of March 2015 (“Effective
Date”) by and between

Mr. Narender Singh S/o Surjan Singh, R/o H.No-55/1, Village – Garauli Khurd. District –
Guragon Pin Code-122001 (hereinafter referred to as the “Lessor No. 1”) and Mr. Inderdev
Singh S/o Surjan Singh, R/o H.No-55/1, Village – Garauli Khurd. District – Guragon Pin Code-
122001 (hereinafter referred as the “Lessor No. 2”), (which expression shall unless repugnant to
the subject or context meaning thereof their legal heirs, successors and assigns) of the ONE
PART. The LESSOR No. 1 and LESSOR No. 2 are jointly referred to as the “Lessors”

AND

Vulcan Express Pvt. Ltd a company incorporated under the laws of Companies Act, 1956 and
having its registered office at 306, Main Brijwasan Road, Near Golakdam Temple, Delhi-
110061 hereinafter called the “LESSEE” (which expression shall unless repugnant to the subject
or context meaning thereof include themselves, their successors and assigns) of the OTHER
PART

The LESSOR and the LESSEE are hereinafter collectively referred to as the “Parties” and
individually as the “Party”.

WHEREAS:

A. The LESSORS have represented and assured the LESSEE that they are the absolute and
lawful joint owners of the commercial building located at MUSTIL NO-17 KHASRA NO-
2, 3/1 VILLAGE - GARAULI KHURD SECTOR 37-A, PATAUDI ROAD OPP. RADHA
SWAMI SATSANG. GURGAON – 122001 (hereinafter referred to as the “Demised
Premises”).

B. The Lessors have assured and represented to the Lessee that the Demised Premises is solely
in their names and they have not transferred any of their right to any third person.

C. The Demised Premises is free from any defects in title and encumbrances and is legally fit
to be used for the intended purpose provided herein. The Lessors have represented and
assured to the Lessee that they have unfettered legal rights and have all the requisite
regulatory permissions and approvals to rent/lease the Demised Premises in whole or in part
to be used by the Lessee for the intended purpose as set out herein.

D. The Lessors represents to the Lessee that they will ensure to get the Agreement registered
with the office of Sub Registrar in the appropriate jurisdiction and for this purpose, the
Lessors and Lessee shall extend their respective cooperation to each other.
E. The Lessee intends to operate the business of logistic and warehousing/storing of goods in
the name and style of “Vulcan Express Pvt. Ltd.” from the Demised Premises. The Lessors
have assured the Lessee that there is no legal impediment or deterrent in using the Demised
Premises for the aforesaid business.

F. It has been agreed between the Parties that the Lessors shall sign all papers, if any required
for obtaining permission from the Government and civil agencies and concerned
department including municipal corporation, police, fire department, Jal Board and/or from
any other concerned authority for running the aforesaid business from the Demised
Premises by the Lessee.

G. The Lessee on the faith and strength of the said declaration has agreed to take the lease of
the Demised Premises and the Lessors have agreed to grant the lease in respect of the
Demised Premises.

NOW THIS DEED WITNESSETH AND IT IS HEREBY AGREED BY AND BETWEEN

THE PARTIES HERETO AS FOLLOWS:

1. DEMISED PREMISES

1.1 The lease will comprise of MUSTIL NO-17 KHASRA NO- 2, 3/1 VILLAGE - GARAULI
KHURD SECTOR 37-A, PATAUDI ROAD OPP. RADHA SWAMI SATSANG,
GURGAON – 122001, having an area of 43000 sq. ft with following utilities:

1.1.1 6 washrooms
1.1.2 4 urinals
1.1.3 Separate Electricity meter
1.1.4 Separate water meter
1.1.5 8 Shutters
1.1.6 Cafeteria

1.2 Parking –It is agreed between the Parties that on or before the Effective Date, exclusive
reserved parking space for two wheeler and four wheeler will be made available to the
LESSEE throughout the Term in the parking space in front of the building in which the
Demised Premises is situated at no additional cost to the LESSEE. In the event the LESSEE
is in need of additional parking space, it shall approach the concerned authority/person for
the same. The LESSORS agrees to co-operate with the LESSEE in procuring the additional
parking spaces as and when required by the LESSEE.

2. HANDING OVER OF POSSESSION

2.1 The Lessors shall hand over the original set of keys of the Demised Premises to the Lessee
along with the possession of the Demised Premises for the peaceful enjoyment on March 13,
2015 (Commencement Date”), which original set of keys shall be returned by the Lessee to
 the Lessors on early termination or expiry of this Agreement and the handing over of the
possession of the Demised Premises by the Lessee to any one of the 2 (two) Lessors. After
handing over the original set of keys to any one of the 2 (two) Lessors, the Lessee shall not
be responsible in any manner whatsoever towards the Demised Premises. However, the
rights of the Lessee of obtaining the Security Deposit back from the Lessors will continue
until the time of such payment to the Lessee.

2.2 The Lessors warrants that following facilities shall be provided to the Lessee on the
Commencement Date:

a. Shuttering in the Demised Premises in the proper and working condition

b. Fixation of roof top for taking care the water leakages
c. Proper cementing of the Premises including washroom with proper washroom
fittings
d. Fixation of overhead tank seepage
e. Tiling and false ceiling in both inside and outside the Demised Premises.
f. Concreting of the approach road to the Premises
g. Tiling and false Ceiling repairing in both outside and inside of the Premises.
h. Gate for Security at main Entry.
i. Speed breaker from the main gate till Premises entrance.
j. Repair and fixation of the pantry area door.
k. Washrooms (6)
l. Electricity and water meters

2.3 The Lessor shall ensure the followings before the Commencement Date:
a. Proper networking of cabling for both Camera and for Connectivity.
b. Repair of all loose electrical cables and wire mesh
c. To check there is no loose and hapzard wiring
d. Repair of trolleys.
e. To provide all electrical and other equipment in good working Condition.

2.4 The Lessors shall along with the warehouse also provide the assets to the Lessee, the details
of which are provided in the Annexure- A. The Lessors undertake that all assets shall be in
best working condition, failing which the Lessors shall indemnify the Lessee to the extent of
the market value of the specific asset.

2.5 A drawing evidencing the structure of warehouse in enclosed with this Agreement and
marked as Annexure- B.

3. LEASE TERM

That the LESSORS agree to give on lease the Demised Premises with effect from the
Commencement Date for a period of five (5) years (“Term”). The first three (3) years from
the Commencement Date will be the lock in period in the course of which neither Party shall
have the right to terminate this Agreement except as specifically provided in the Termination
Clause.
 4. RENT

4.1 The LESSEE shall pay to the Lessors the monthly rent of 14,62,000 from the
Commencement Date. The Lessee shall also be liable to an enhanced rent of Rs.1,16,100
after 3rd year of the Commencement Date.

4.2 An advance of Rs. 1,00,000/- (Rupess One Lakh only) has been paid to the Lessors by way
of cheque bearing no. 001390 drawn on HDFC Bank dated February 11, 2015 by the Lessee,
the receipt of which is provided to the Lessee by the Lessors.

4.3 The Rent shall be paid by the Lessee to the Lessors on or before the 10 th day of each English
calendar month for which it is payable, by crediting in the bank accounts of the Lessors after
deduction of tax at source as per the Income Tax Rules.

The Bank account details of the Lessors are as follows:-

Owners Name Rent Account no. IFSC Code BANK NAME
amount
NTBL0GUR THE NAINITAL
05110000000
Narender Singh 731000 051 BANK LTD
01080
THE NAINITAL
05110000000
NTBL0GUR BANK LTD
Inderdev Singh 731000 01080
051

4.4 The Lessors shall always be responsible to pay all property taxes, municipal taxes, signage
taxes and all other taxes and future increases thereon during the term of the Agreement and
shall be responsible for obtaining and keeping in effect all licenses for use of the Demised
Premises as a commercial office premises and the payment of all taxes and other charges in
this behalf. The Lessors agree that copies of receipts obtained on payment of municipal taxes
and property taxes during the Term shall be submitted to the Lessee.

5. OUTGOINGS

5.1 The Lessee shall be responsible for payment of all charges for electricity consumed in the
Demised Premises by the Lessee during the Term of the Lease as per the separate electric
meter which bears the electricity load consumption only of the Demised Premises.

5.2 The Lessee shall be responsible for payment of all charges for water consumed in the
Demised Premises by it during the Term of the Lease as per the separate water meter which
bears water consumption only of the Demised Premises
5.3 The Lessors shall bear the parking charges, all taxes and levies during the Term of the
Agreement.

5.4 Any one-time costs that might be required as per change / update in Government regulations
has to be borne by Lessors.

5.5 The Lessors have provided the electricity for a capacity of 150 KVA, which is part of the
Agreement. The Lessors agree and accept that any extra requirement of power connection if
required by the Lessee will be arranged by Lessors at no extra cost and charges to the Lessee.

6. SECURITY DEPOSIT

6.1 The Lessee shall pay to the Lessor the refundable interest free Security Deposit of an amount
equivalent to Rs. 23,22,000 to be held by the Lessors as security for the due observance and
performance by the Lessee of its obligations contained in this Agreement.

6.2 Subject to the terms of this Agreement, the Lessors shall within 30 days after the expiry or
sooner termination of the Agreement, refund to the Lessee the Security Deposit free of
interest with prior intimation to the Lessee. In the event of non-payment of the Security
Deposit within the specified period of 30 days, the Lessee shall claim interest at the rate of
18% per annum from the date the same falls due till the date the same is actually paid to the
Lessee.

7. USER

7.1 The Lessee shall be entitled to use the Demised Premises for logistic business/
warehousing/storing of goods under the name and style of “Vulcan Express Pvt. Ltd” or any
other name as being decided by the Lessee without any hindrance, obstruction or interference
from the Lessors or any person lawfully claiming from or under them. The Lessee shall have
unlimited access to and use of the Demised Premises 24 hours a day, 7 days a week.

7.2 The Lessors will provide permanent power supply for the Demised Premises with a separate
electricity meter for air conditioning, cameras, lighting, computers, office equipment &
signage, etc. as required in Demised Premises. The Lessors undertake that the permanent
power is made available in the Demised Premises on or before the Commencement Date.

7.3 The Lessors agree that in case any additional power is required by the Lessee, the Lessors
shall procure the same for the Lessee without any additional cost to the Lessee.
7.4 The Lessee will be entitled to use the space on the outer wall of the Demised Premises for
installing outdoor units of split air-conditioners, at no extra cost. The space for Dish / VSAT
antenna/camera will be allowed at any place which is required for said purpose at no extra
cost.

8. FURNISHING AND RENOVATION

8.1 The Lessee at its own costs and charges and on the signing of this Agreement is entitled to
carry out all renovation, refurbishing, decoration and interior work in the Demised Premises.
The Lessee shall be free to install any electrical devices, furniture, partition, false ceilings
etc. at its cost as may be required for the purpose of carrying on its business and to remove
the same at the time of handing over possession of the Demised Premises to the Lessors and
thereby restoring the Demised Premises in its original condition, normal wear and tear
excepted.

8.2 The Lessors shall alone be responsible for all structural repairs including whitewashing and
painting of the Demised Premises including those to all outer walls, roofs, drains and sewers
and appurtenances thereto as and when necessary.

8.3 The Lessee will attend to all minor repairs during the subsistence of the Agreement such as
fuses, leakage of water taps, etc. at its own cost, but major repairs (including structural
repairs) such as exterior white washing, leakage of roof, any cracks in the walls or plastering,
bursting of any electric cables or bursting or corroding of water pipes or sewerage system
shall be attended to promptly by the LESSORS at its own cost. It is agreed between the
Parties that major and structural repairs will be carried out by the Lessors within thirty (30)
days from the date of intimation of such repairs by the Lessee to the Lessors. In case the
Lessors fails to carry out the required repairs to the satisfaction of the Lessee within the
stipulated time period, the Lessee will be entitled to withhold the monthly Rent until the
repairs are carried out. This right of the Lessee shall not bar other remedies available to the
Lessee under any law for the time being in force.

8.4 The Lessors confirm that six finished washrooms and four urinals with complete floor and
wall tiling, washbasins and complete sanitary fittings of approved makes has been provided
in the Demised Premises for the exclusive use of the Lessee. The Lessee is entitled to
construct another washroom in the Demised Premises at its own cost if it so desires. The
Lessors confirms that no objection shall be provided by it to the construction of the
washroom during the tenure of the Agreement or anytime thereafter and no compensation
shall be demanded from the Lessee for reinstating the Demised Premises in the same
condition in which it was handed over to the Lessee at the time of commencement of this
Agreement to the extent of construction of the said washroom.

9. ENJOYMENT
9.1 It is expressly agreed between the Parties hereto that the Lessee along with its employees and
agents shall be entitled to peacefully enjoy the Demised Premises on lease basis during the
Term and the right to use the common areas such as the visitor’s vehicle parking space,
entrance areas, corridors, etc. at all times during the Term.

9.2 The Lessee shall have the right to apply for, obtain and install as many telephone, fax,
internet and/ or cable lines in the Demised Premises, as it may deem necessary for its
activities in its own name and at its own cost. The Lessee shall pay the charges pertaining to
such lines installed, directly to the appropriate agencies/ authorities. On receipt of a request
from the Lessee, the Lessors shall execute such documents as may be required for applying,
obtaining and installing such telephone, fax, internet and/or cable lines. The Lessee shall
have the right to remove the telephone, fax, internet and/or cable lines so obtained by it on
termination of the Agreement.

9.3 The Lessors with the intent that the obligations may continue throughout the Term hereby
covenants with the Lessee to permit and facilitate the Lessee at any time and from time to
time, during the subsistence of the Lease, without any obligation on the Lessee, to install at
no extra cost a signage and display its name-plates, logo/ sign boards of the size of the
Lessee’s interest and requirement, at the main entrance or the Demised Premises, front
façade of the building or at any other place, subject to terms and conditions of current
maintenance agency of the building.

9.4 The Lessors shall ensure that all documentation and approvals required from the concerned
authorities for the purpose of erecting signage at the designated places are in effect at all
times and agrees to indemnify the Lessee against any loss or damage of any nature arising
due to any default of the Lessors in this regard. Any charges for this will be borne by Lessee.

9.5 The Lessors confirms that all the ventilation and doors in the Demised Premises are fitted
with a facility of locking. The Lessor shall ensure that there is continuous 24 hours
uninterrupted water supply to the Demised Premises. The Lessor has provided a shutter at the
main entrance of the Demised Premises besides other shutters which are provided in different
position in the Demised Premises with a facility for locking.

9.6 The Lessors indemnifies and always keep Vulcan harmless in the event of any circumstances
which adversely affects the lease of Demised Premises in favour of the Lessee or in case any
penalty is imposed on Lessee by any Governmental Department for the usage of the Demises
Premises. The indemnity shall be limited to the amount invested by Lessee in this Demised
Premises and the amount spent by Lessee in arranging another location.

10. LESSEE’S OBLIGATIONS

10.1 The Lessee will take due care and caution at all times during the usage of the Demised
Premises as the Lessee thereof and shall keep the Demised Premises in good order and
condition.

10.2 The Lessee shall not do any illegal or unlawful activity or permit anything to be done in
the Demised Premises which is likely to be a nuisance or annoyance to the other occupants or
which may cause damage to the demised Premises or any part thereof.

10.3 The Lessee shall ensure that nothing is stored in the Demised Premises which is
forbidden by any law, notification issued by the Central Government, State Government or
any other local authority or otherwise.

10.4 The Lessee agrees that it shall not do, omit or suffer to be done anything where by the
Lessors’ right to hold the said Demised Premises is affected, forfeited or extinguished.

10.5 The Lessee shall have the right to retain ownership of any and all improvements and will
be free to remove all articles, things, installations, fixtures, cabinets, equipments, etc.
installed in the Demised Premises by the Lessee at its own costs before handing back
possession to the Lessors on the expiry/determination and/or termination of this Agreement
without causing any damage to the Demised Premises including electrical and security
equipments provided by the Lessors, if any.

11. LESSOR’S OBLIGATIONS

11.1 The Lessors shall not in any manner deal with or dispose of the Demised Premises
or any part thereof or their interest therein during the Term so as to adversely affect the rights
of the Lessee and in case of such sale, transfer, assignment, surrender or relinquishment, the
Lessors shall obtain from such transferee a written acknowledgement to the satisfaction of
the Lessee, recognizing the rights of the Lessee to the Demised Premises, on the same terms
and conditions as contained herein and any such transfer shall be subject to the terms of this
Agreement.

11.2 Save as provided in this Agreement, the Lessors shall not do or omit or suffer to be done
anything whereby this lease to use the Demised Premises under or pursuant to this
Agreement is evaded, forfeited, prejudicially affected or extinguished;

11.3 The Lessors shall continue to have clear and marketable title to the Demised Premises,
and good right, full power and absolute authority to grant to the Lessee the said Premises in
the manner herein appearing;

11.4 The Lessors shall duly observe and perform, abide by and otherwise comply with all
laws, rules and regulations applicable to the Demised Premises or the building in which the
Demised Premises is situated from time to time and for the time being in force in so far as to
the extent they are required to be observed, performed or complied with by it. The Lessors
shall keep in effect at all times all permissions, authorisation, approval, consents, etc.
 including those required from all governmental authorities for the use of the Demised
Premises by the Lessee in terms of this Agreement as a commercial premises.

11.5 The Lessors shall regularly pay all such outgoings as mentioned herein without fail and
shall indemnify and keep indemnified the Lessee against all loss and damages in the event of
non-payment thereof.

11.6 The Lessors shall keep the Demised Premises always insured in the manner as stated
hereunder against any risk, loss, destruction or damage, otherwise than for any act or
omission on the part of the Lessee. If at any time during the Term the Demised Premises are
destroyed/damaged and/or rendered unfit for use and habitation, in that case the lease granted
under this Agreement shall stand terminated and the Security Deposit shall become
refundable within 3 months period of the said destruction/damage.

11.7 The Lessors shall promptly notify the Lessee in writing and take effective steps against
any notice/ order received by the Lessors from any governmental or municipal authority or
public body in respect of the Demised Premises, which may adversely affect the interest of
the Lessee in the Demised Premises.

11.8 The Lessors shall indemnify and hold harmless the Lessee, its official(s), employee(s),
agent(s) against any, direct or indirect, costs, claims, demands, penalties, losses or damages
whatsoever that may be occasioned as a result of (i) its defect in title to the Demised
Premises; (ii) defect in ability to give on lease the Demised Premises; (iii) breach of its
representations and warranties herein; (iv) breach of any terms or conditions of this
Agreement; and (v) any hindrance or obstructions being caused in uninterrupted and peaceful
enjoyment by the Lessee of the Demised Premises for reasons attributable to the Lessor (vi)
breach of obligations on the part of the Lessor.

11.9 The Lessors shall indemnify and keep Lessee harmless in the event of any circumstances
which adversely affects the lease of Lessee or in case any penalty is imposed on Lessee by
any Governmental Department for the usage of the Demised Premises. The indemnity shall
be limited to the amount invested by Lessee in the Demised Premises and the amount spent
by Lessee in arranging another warehouse.

12. TERMINATION

12.1 This Lease Agreement may be terminated by either Party in the following events:

 The other Party commits a breach of any obligation of the Lease Agreement and
fails to rectify the breach within thirty (30) days of receiving a written notice
from the other Party;
 The other Party goes into liquidation or ceases to carry on its business;
 With mutual consent by serving 60 day’s prior notice to other party.
  If Vulcan becomes aware that the Company has no authority to provide the
Services.

12.2 This Lease Agreement may be terminated by Vulcan in the following events even within
the Lock in Period:

 In case of Force Majeure events which is not rectified by Company even within
15 days of occurrence of the Force Majeure Events
 In case the Company losses the right over the Premises for any reasons
whatsoever.

12.3 Termination by the either Party

In the event of any force de majeure circumstances, making the Demised Premises
uninhabitable, both the Parties will have the right to terminate the Agreement with
mutual consent of each other.

13. CONSEQUENCES OF DETERMINATION OF AGREEMENT

13.1 It is agreed by and between the Parties hereto that notwithstanding anything
contained in this Agreement, if the Demised Premises becomes uninhabitable and upon the
Lessee giving a notice in writing to the Lessors of not less than 60 days to the Lessors for
return of the Security Deposit, the Lessors shall return to the Lessee, the Security Deposit
without any interest. However, in case the Security Deposit is not returned (either in part of
in full) within a period of 60 days on the expiry of 60 days of the receipt of the notice,
without prejudice to any other remedy available to the Lessee, the Lessee shall be entitled to
receive from the Lessors interest at the rate of 18% (Eighteen percent) per annum on the
Security Deposit until recovery of the Security Deposit amount from the Lessors.

13.2 Further in addition to what is hereinabove stated and without prejudice to any other
remedy available, in such an event the term of this Agreement as stipulated herein shall be
forthwith transformed into a irrevocable lease on the contingencies specified hereinabove and
in that event the Lessee shall be entitled to remain in occupation of the Demised Premises
under an irrevocable lease without liability to pay any compensation or charges or other
payments of whatsoever nature whether payable under the terms of this Agreement or
otherwise, and the irrevocable lease contemplated herein in favour of the Lessee shall
terminate simultaneously upon the Lessor refunding to the Lessee the Security Deposit with
interest that has accrued thereon.

13.3 The Lessee shall on the expiry or earlier determination for the lease be entitled to remove
from the leased premises all its furniture and fixtures, equipment and/or appliances that may
have been bought in and/or installed by the Lessee.
13.4 Upon the expiry/termination of the lease, the lessee shall forthwith remove itself and its
staff together with its furniture, fixtures and belongings so as to vacate the Demised Premises
for the Lessors.

14. Force Majeure Event

14.1 That in the event of Force Majeure i.e. if the Demised Premises or any part thereof be
destroyed or damaged by fire, not caused by wilful act or negligence of the Lessee,
earthquake, tempest, flood, lightning, violence or any army or mob or enemies of the country
or by any other irresistible force so as to render the Demised Premises unfit for the purpose
for which the same was let of occupation of the Lessee, the Lessee shall notify to the Lessors
of the same and request for repair / rectification of the damage. The Lessors shall make best
efforts to rectify all minor damages at the earliest in period and major repairs at the earliest
but not more then 15 days depending upon the nature and extent of repairs required.

15. SUB-LETTING AND USE OF PREMISES

The Lessee shall be entitled to sublet the Demised Premises, wholly or in part in any
manner whatsoever to their own parent /subsidiary company or related business
associates. The Lessee shall also be entitled to keep the goods of any third party in the
Demised Premises to which the Lessor shall not object at any time.

16. INSPECTION

The Lessors shall have the right at all reasonable times and upon giving prior notice in
advance to the Lessee to inspect the Demised Premises without any hindrance or
obstruction from the Lessee, subject to the Lessor not disrupting the activities of the
Lessee in any manner whatsoever.

17. NOTICE

Any notice intended to be given by any Party hereto to the other shall be deemed to be
properly and validly given only if it is delivered or sent by any means of prepaid recorded
delivery like personal delivery or by Registered Post, with acknowledgment, or Speed
Post, with acknowledgements to the

Lessors at________________

Lessee to the address of the Demised Premises, with a copy to the registered
office of the LESSEE.

18. PARTIAL INVALIDITY

If any part/provision of this Agreement shall be invalid or unenforceable to any extent,
the remainder of this Agreement shall not be affected thereby and the remaining
parts/provisions of this Agreement shall be valid and enforceable to the fullest extent
 permitted by law. The invalid or unenforceable provision of this Agreement shall be
replaced with the provision which is valid and enforceable and most nearly reflects the
original intent of the Parties.

19. STAMP DUTY AND REGISTRATION

It is agreed that the stamp duty, registration charges and the charges incidental there to
shall be borne equally by the Lessee and Lessors. The Lessors shall extent full co-
operation for registration of the Agreement.

20. RECITALS

The Recitals contained in this Agreement shall be deemed to form a part of this
Agreement.

21. AMENDMENT

No amendment, modification or addition to this Agreement shall be effective or binding

on the Parties unless set forth in writing and signed by both the Parties.

22. GOVERNING LAW

This Lease Deed shall be governed and construed in accordance with the laws of India. In
case of any dispute between the Parties relating this Lease Deed, the court in the State of
New Delhi shall have jurisdiction.

23. ARBITRATION

23.1 All disputes, controversies or claims arising out of or in connection with this Agreement
(“Proceeding”) will first be discussed by the Parties with the objective of resolving such
dispute, controversy or claim in a friendly manner. If such efforts fail to bring a resolution
within ten (10) Business Days of receipt of a notice issued by one Party to the other seeking
resolution, such disputes, controversies or claims will be finally determined by arbitration
under the Arbitration and Conciliation Act, 1996.

23.2 The tribunal shall consist of sole arbitrator. The place of arbitration will be in New Delhi
and the official language of the arbitration will be English. In reaching a decision, the
arbitrator will be bound by the terms and provisions of this Agreement. The decision and
award of the arbitrator will be final and binding and shall be enforceable in any court of Law.

24. Waiver

Failure of either Party to exercise any right herein granted, or to require strict
performance of any obligation undertaken herein, shall not be deemed to be a waiver of
such right or of right to demand subsequent performance of any and all obligation herein
undertaken by the respective Parties.
IN WITNESS WHEREOF, EACH OF THE PARTIES HERETO HAS CAUSED THIS SAID
DEED TO BE EXECUTED BY ITS DULY AUTHORIZED OFFICER OR
REPRENSTATIVES AS OF THE DATE FIRST WRITTEN ABOVE IN THE PRESENCE OF
THE FOLLOWING WITNESSES.

Signed for and behalf of Signed for and behalf of

Lessor No. 1 Mr. Narender Singh Vulan Express Pvt. Ltd.

Lessor No. 2
Mr. Inderdev Singh Signed by

Witnesses

1.

2.
 Annexure- A

List of Asset provided in the warehouse

 Annexure- B

Structural drawing of the Demised Premises