Amendment To Leave and License Agreement Dated 15

AMENDMENT TO LEAVE AND LICENSE AGREEMENT DATED 15/04/2015
This Amendment to Leave and License Agreement dated 15/04/2015 is made and entered into
at ___________ on this ____ day of __________, 2020.
Between
M/s Ratandeep Creative Jewels Private Limited Through Its Director Mr. Rakesh Kumar
Jain R/A A-4, Sarvodaya Enclave, New Delhi-110017 hereinafter referred to as “Licensor”
(which expression shall unless repugnant to the subject or context shall mean and include its
successors, subsidiaries, affiliates and / or assigns) of the ONE PART.
And
RELIANCE JIO INFRATEL PVT. LTD. (PAN No. AAGCR2798R), a Company duly
incorporated and registered and subsisting under the provisions of Indian Companies Act, 2013
and having its registered office at Office - 101, Saffron, Nr. Centre Point, Panchwati 5 Rasta,
Ambawadi, Ahmedabad, Gujarat 380 006, and its regional office at RK4 Square, Building No.
4, Cyber City, DLF Phase-2, Gurgaon, Haryana- 122002, hereinafter referred to as “Licensee”
(which expression shall unless repugnant to the subject or context shall mean and include its
successors, subsidiaries, affiliates and / or assigns) of the OTHER PART. It is clarified that the
term ‘’affiliates’ shall mean with respect to Licensee, any person directly or indirectly
controlling, controlled by, under direct or indirect common control with Licensee and includes
any associate companies of Licensee OTHER PART
Whereas a License Agreement dated 15/04/2015 (hereinafter called ‘‘the Agreement’’) exists
between the Parties hereto in respect of the property situated at M/s Ratandeep Creative
Jewels Private Limited Through Its Director Mr. Rakesh Kumar Jain, Property No- A-4,
Sarvodaya Enclave, New Delhi-110017 (Site ID; I-DL-DLHI-ENB-1915 ) more fully
described therein.
AND WHEREAS Parties herein had a detailed discussion about the adverse impact of global
spread of COVID-19 causing severe economic disaster throughout the world. In view of
pandemic scenario, both the parties hereto have agreed to review the commercial
aspects/obligations under the Original Agreement and agree in terms of rationalization of
license Fee thus this amendment.
NOW THEREFORE THIS AMENDMENT IN LICENSE AGREEMENT

WITNESSETH AND IT IS AGREED BY AND BETWEENTHE PARTIES AS UNDER:
1. It has been agreed that current monthly rent payable to you will be rationalized w.e.f. 1st June
2020, keeping in mind the impact of the situation due to COVID-19 pandemic.
2. Clause 3(a) , which read as in the Original Agreement dated 15/04/2015_is as follows:
" The Licensor hereby agrees TO HOLD UNTO the Licensee the Demised Premises/Land for
the period of 20 years commencing from 15/04/2015 and expiring on 14/04/2035 (hereinafter
referred to as “License Period ) YIELDING AND PAYING THEREFOR an amount of Rs.
50000/- per month towards License Fee (hereinafter referred to as “License Fee ”), payable
by the Licensee in the favour of Licensor subject to provisions as contained in clause 3
hereunder. The License Fee shall be paid subject to an escalation of 15% on the last paid License
Fee amount after every 3 years.”
Henceforth the said Clause 3 shall read as follows:
i) The prevailing monthly License Fee of Rs. 57,500/- stands rationalised to the tune of
Rs. 46,000/- with effect from 01st June, 2020.
3. The Licensor has agreed and confirmed that he/she will not claim any further amount in
connection with the license Fee receivable under the Original Agreement dated 15/04/2015 in
any manner whatsoever during the subsistence of the Original Agreement”.
4. That the rest of the covenants contained in the Original Agreement shall continue to govern the
relationship of the Licensor and the Licensee.
5. This Amendment Agreement of License is part and parcel of the Original Agreement of License
/ any amendments thereof.
6. This Amendment Agreement of License is co-existence and co-terminus with the Original
Agreement.
IN WITNESS WHEREOF the parties hereto have hereunto set and subscribed their respective hands
the day and year first hereinabove written.
For and on behalf of Licensor: ____________________________
For and on behalf of Licensee: __________________________
RELIANCE JIO INFRATEL PRIVATE LIMITED Authorized Signatory
Witness:
In the presence of In the presence of
_________________ __________________
Name: Name:

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AMENDMENT TO LEAVE AND LICENSE AGREEMENT DATED 15/04/2015

NOW THEREFORE THIS AMENDMENT IN LICENSE AGREEMENT

Henceforth the said Clause 3 shall read as follows:

For and on behalf of Licensor: ____________________________

For and on behalf of Licensee: __________________________

RELIANCE JIO INFRATEL PRIVATE LIMITED Authorized Signatory

In the presence of In the presence of

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