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LEASE AGREEMENT

The LEASE AGREEMENT is made at Noida this 5th day of April, Year 2018.

By and Between

Madan Rana, having its address at Kaushambi, Ghaziabad, -PIN Code (hereinafter called the LESSOR
which expression shall unless excluded by or repugnant to the context include his heirs, successors,
executors, administrators, representatives and assigns)
AND

Subway Systems India Pvt. Ltd. (SSIPL) having its office at Level-2, Elegance, Mathura Road, Jasola,
New Delhi-110025 through its franchisee/authorized signatory______________________
(hereinafter called the LESSEE which expression shall unless repugnant to the context or meaning
thereof include their successors and assigns) of the other part, as follows:

(The LESSOR and the LESSEE shall be hereinafter together referred as “Parties”and individually as
“Party”.)

Whereas the LESSOR is the absolute owner and in possession of the premises bearing GF-08,Sethi
Arcade , Sethi Max Roal Sector-76, Noida (Hereinafter referred to as “Demised Premises”)AND
WHEREAS the LESSOR having considered the proposal made by the LESSEE and agreed to lease out
the Demised Premises to the LESSEE, subject to the terms and conditions herein after mentioned.

NOW THIS AGREEMENT OF LEASE WITHNEESETH AS FOLLOWS:

I. WHEREAS the LESSOR has represented to the LESSEE that;

a. The LESSOR is the absolute owner of, has the relevant rights and is in possession of
and is otherwise well and sufficiently entitled to the Demised Premises and no other
person/entity have any right, title, interest or share therein;
b. The Demised Premises is free from encumbrances, attachments, court or acquisition
proceedings or charges of any kind. That no adverse claim has been made against
the LESSOR in respect of the demised premises or any part thereof;
c. The LESSOR has not entered into any agreement or arrangement for letting out the
leased premises with anyone else.
d. The LESSOR has confirmed that all requisite permission(s), approval(s), clearance(s)
etc required under the law in force for use of the demised premises has/have been
obtained.

LESSOR LESSEE
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II. NOW THIS AGREEMENT OF LEASE WITNESSES:

In consideration of the foregoing terms and conditions and the rent herein reserved, the
LESSOR herein hereby agreement GF-08,Sethi Arcade , Sethi Max Roal Sector-76, Noida
more fully describes in the schedule hereunder referred to as “Demised Premises” on the
following terms and conditions:

A. Definitions:-

i. Demised Premises Address is GF-08,Sethi Arcade , Sethi Max Roal

Sector-76, Noida. Total Area is 920 sq ft.Ground Floor Super Area and
other details on sizes are mentioned in the subsection “Dimensions” in
this lease.
ii. Date of Possession: The LESSOR will hand over possession of the
demised premise to the LESSEE on 15th May 2018 this date will be
considered as the date of possession.
iii. Fitment Period: The LESSOR has agreed to give the LESSEE a rent free
period of 45 days from the date of this agreement coming into effect
and delivery of possession (15th May 2018)(Lease Commencement). This
period will be used by the LESSEE for renovating and installing requisite
furniture and fittings at the demised premises. In the event of store
opening earlier within the 45 Days fit out period, the rent will be paid
earlier on a pro-rata basis. The LESSOR to ensure adequate electricity
and water requirements are met as per clauses mentioned in this
agreement.
iv. Rent Start Date: The effective date of rent start will be 45 days from the
Lease Commencement.

1. Period of Lease: The lease period will commence from Lease

Commencementand shall continue to be inforce and binding between the
parties for a period of Nine years (9 years) 108 months.

2. Rent:
i. The LESSEE shall pay a monthly rent of Rs 85,000/-per month (Rupees
Eighty Five Thousand Only per month) for the Demised Premises in the
first three year of this agreement. The monthly rent shall increase by
15% after every three years during the period of this agreement.
ii. Further if the authorities increase any tax or impose any new tax by
whatsoever name called owing to lease occupation by lessor or lessee
by virture of the business of the lessor or lessee the difference between
the present and the revised tax shall be borne solely by lessor or lessee
respectively.
iii. The rent shall be paid by 7th working day as per English calendar month
through cheque.

LESSOR LESSEE
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iv. The LESSEE wherever applicable will deduct TDS from and out of
monthly rent and will furnish TDS certificate to the LESSOR on a
quarterly basis, to enable the LESSOR to file income tax returns
v. The lease charge payable by the LESSEE to the LESSOR is inclusive of all
current and future assessments, dues, duties, taxes, ground rent,
property tax, municipal tax, levies and all increases therein in respect of
and applicable to be demised premises. All increases in charge during
the lease period will be borne by the LESSOR.
vi. The LESSEE shall pay the electricity consumption charges to the
concerned authorities as per separate meter provide to the LESSEE by
the LESSOR.

3. Dimensions: The dimension of the demised premises are as follows

i. Super Area: 920Sq. ft.
ii. Length 28’-02” Ft, Width 18’-05” Ft, Height10 Ft.
iii. Portion 1 of Ground Floor

4. Security Deposit/Advance Rental: The LESSEE has agreed to pay an advance

rental of one month’s rent. In addition to this sum, the LESSEE will also pay an
amount equivalent to three months rental as Interest free adjustable Security
deposit. A cheque of Rs. Two Lakh Fifty five Thousand Only vide cheque of HDFC
Bank Ltd. Cheque no. dated- _______ has already been paid as three month
security and balance amount will be payable by a separate cheque Bank The
amount will not carry any interest and will be refunded by the LESSOR on the
simultaneous vacation and handing over of the demised premises. Rentals will
be subjected to TDS deductions .Additional Security amount of Rupees
3,50,000/-has been paid for power back-up vide ch no…………& will be refunded
by LESSOR without interest on vacation of demised premises.

5. Subletting: The LESSEE is entitled to sublet the demised premise without any
consent of the LESSOR.

6. Structural Changes: The LESSEE shall be free to renovate, refurnish, decorate

and install any electrical devices, furniture, temporary partition, false ceilings ,
etc, in accordance with the general aesthetics of the building with the consent
of the LESSOR, as its own cost and expenses as required and if need be to
remove the same at the end of the Term thereby restoring the demised
premises, the same shall be repaired and restored to the same condition as it
was at the time of taking the tenancy of the demised premises by the LESSEE, at
their own cost and expenses.

7. Repairs and Maintenance: The LESSEE undertakes to keep the structures of the
demised premises in good and tenantable condition, subject to natural wear
and tear and irresistible force.

LESSOR LESSEE
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8. Property Tax: That The LESSOR shall pay all the present and future rates or
taxes, house tax, other charges, assessments, ground lease charge, municipal
tax, property tax, and outgoing assessed, charged, imposed or payable to the
government or any other local authority in respect of the demised premises on
or before their due dates.

9. Termination of lease:
I. The LESSEE shall be entitled to terminate the lease by giving to the LESSOR
one month’s written notice in advance. In such case, this agreement will stand
terminate and the LESSOR shall forthwith refund the security deposit to the
LESSEE after adjustments if any. However, in the event where there arerent
arrears for 2 consecutive monthsand it remains unpaid one month from the
date of the LESSOR’s written notice to the LESSEE to settle such arrears, the
LESSOR shall have the right to terminate this Agreement in the manner as state
hereinabove
II. Since the investment made by LESSEE on the Demised Premises is
substantially high, the LESSOR is not entitled to terminate thisLease Agreement
if the LESSEE is not found defaulting on any of the principal points under this
Lease Agreement beyond which are not cured within thirty (30) days of written
notice.

10. Insurance:The LESSOR shall not cover the interior work fittings, fixtures and equipment,
owned and installed within demised premises by the LESSEE, which shall be the
responsibility of the LESSEE itself. LESSEE is responsible for its own insurance to cover its
own contents located in the Demised Premises and all of the personal property and
equipment included in the Demised premises, LESSOR shall not be liable for any damage to
the property or person of any of the LESSEE’s officers employers, agents, inviters or guests
from perils customarily covered by fire and extended coverage insurance liability insurance
or acts of God. For all interiors, It is agreed that LESSEE shall be responsible for obtaining fire
and extended coverage for the Demised Premises With a reputable, appropriately rate and
financially responsible insurer.

11. Electricity Load Requirement: The LESSOR will provide the LESSEE required minimum
electrical load of 20 KWA electrical load in the Demised Premises and it will be the
responsibility of the LESSOR to obtain the additional load from the appropriate authorities.
It will be the responsibility of the LESSEE to ensure that all electricity dues are paid on time
through a separate meter installed by the LESSOR at his own cost, whereas interest received
against the security amount deposited would be refunded by LESSEE to LESSOR. All
electricity load enhancement, separate meter requirements etc must be met by the LESSOR
within the first 30 days of the rent free period, failing which the rent free period will get
extended on a pro rata basis.

LESSOR LESSEE
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12. Water, Drainage and Sewage Requirement: The LESSOR will provide for adequate water
connection, drainage and sewage for its exclusive use before handing over the premises to
the LESSEE. Any expense made on this account will be borne by the LESSOR only. All water
drainage and sewage separate meter requirements must be met by the LESSOR within the
first week of the rent free period by the LESSOR. Also the LESSEE shall pay the water supply
and consumption charges directly to the concerned authorities as per the meter readings
bill of the same. Also LESSOR will provide water tank of 20000 Ltrs. to the LESSEE.

13. Payment of Utilities:The LESSEEshall be responsible for the payment of all

Utilitiesfurnished to the Demised Premises during the term of the lease Period, including but
not limited to electricity, gas telephone & water bill within the scheduled date fixed by the
concerned authorities and shall bear the irregularity such as theft, using over load etc.

14. Legal Nature of business: That the Demised Premises shall be used for the operation of
a SUBWAY® restaurant selling those items approved by SSIPL from time to time to be sold in
SUBWAY® restaurants. The LESSEE shall not themselves carry out any obnoxious or illegal
activity from /at the Demised Premises nor shall allow the same to be use by others, nor
endanger Demised Premises nor shall allow the same to be use by others, Failing which the
LESSOR may terminate, the lease with 30 days’ notice& if LESSEE has failed to cure within
this 30 day period repossess the Demised Premises. The LESSEE shall indemnify and keep
the LESSOR indemnified against any loss or damage occasioned or caused to any articles by
acts of negligence of the LESSEE or its employees.

15. Safety:Safety of the premise will be the responsibility of the LESSEE. That the LESSOR
shall not be responsible for any loss caused such as by theft, fire or short circuit of the
electricity etc. in the Demised Premises. That if due to any accident caused by negligence
be LESSEE the Demised Premises are rendered unusable, the LESSEE shall be responsible for
effecting necessary repairs to make the Demised Premises usable. LESSOR shall not be
responsible for any liability or damage or claim for injury to persons for claims of any type
that it may incur in connection with the operation of LESSEE’S business and LESSEE agrees
and undertake that it shall indemnity LESSOR from all liability, loss, damage or claims for
obligations resulting from any injuries or losses of this nature, including reasonable
attorneys’ fees and court costs incurred by LESSOR in defending any such claims unless due
to the gross negligence of LESSOR.

16. Post Completion of the lease period: That the LESSEE shall deliver the peaceful vacant,
physical possession of the above said Demised premises on the spot to the LESSOR on
earlier termination of the Lease or on the expiry of Lease Period i.e on 27 th August 2026
together with the LESSOR’s fittings and fixtures if any, in such condition therein contained,
with clear payment of electricity & water bill to-date. The LESSEE shall be responsible for

LESSOR LESSEE
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any breakage and damage done to the electrical and other fittings and fixtures during
tenancy period which are provided by the LESSOR.

17. Display Signage: That the LESSEE shall be provided with space for 2 external signage.
These will be exhibited in accordance with the laws and within the limit of demised
premises. The LESSOR needs to assure the LESSEE that the external façade of the demised
premises cannot be used for displaying any other signage whatsoever.

18. In case of any Breach: In case of any breach by the LESSEE, the LESSOR shall bring that
breach to the notice of the LESSEE by registered post. The LESSEE shall have option to rectify
said breach within 30 days from day notice has been served on the LESSEE.

19. Parking: Common Parking

20. Reliance on Warranties, Representations and Water, Jurisdictions for Legal Disputes

i. The LESSOR and LESSEE acknowledge that the each party has agreed to enter and
proceed to enter into the lease arrangements believing the warranties, representations and
undertake made by other party as true. Accordingly, each party shall indemnify the other
party and hold it harmless from the against damages, deficiencies, losses, costs, liabilities
and expenses including legal fees and disbursements, resulting directly or indirectly from or
arising out of any breach of the warranties and for representations and for under takings
given or made by such party. In the event of any legal dispute arising out of this lease
agreement, herein entered into, the jurisdiction shall be in New Delhi only.

ii. Failure of either party to enforce at any time or for any period of time any of the
provisions hereof shall not be constructed to be waiver of any provisions or of the right
thereafter to enforce each and every provisions, nor shall any single or partial exercise of
any right, power or privilege any other future exercise thereof operates as a waiver thereof.

21. Sharing of Stamp duty and Registration Charges: All the expenses relating to the
registration to the lease deed including the cost of stamp paper will be borne equally by the
LESSOR and LESSEE. Each party shall retain an original of this lease.

22. In case of Sale/Transfer to a 3rd Party: If the LESSOR during the Term of this Tenancy
sells and for transfers it’s right in the demised premises to any person(s) or company
(hereinafter referred to as “Transferee”) the Tenancy shall stand transferred to the
Transferee for the balance period of the term of the Tenancy, on the same terms and
conditions and charges/rents as contained herein. The LESSOR shall in writing inform the
LESSEE of such change in ownership and the Security Deposit paid by the LESSEE to the
LESSOR shall stand transferred by the LESSOR herein favor of the Transferee /New LESSOR
However, the LESSOR does hereby agree and shall keep the LESSEE indemnify and harmless
against all losses, expenditures, damages, costs and claims incurred of suffered by or made
against the LESSEE by reason of any lacuna in the LESSOR’s title or ownership upon the

LESSOR LESSEE
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demised premises or due any mis-representation by the LESSOR or non-compliance of any

of the obligations on part of the LESSOR either stated above or contained hereinafter and
/or its use by the LESSEE during the duration of the Tenancy and /or by virtue of any suit
proceeding or claim filled or initiated by any person, including but not limited to any
financial intuitions or bank, or any agency or association of person or any Government
Bodies against the LESSEE. It is further agreed between Parties that the Sale/transfer etc.
which, may be executed in respect of the Demised Premises in favor of any third party, shall
specifically contain a clause that the LESSEE is in possession of the Demised Premises by
virtue of the present Lease Deed and the said third party (the intended transferee of the
said property) shall be bound by the provisions of the present or extended LEASE DEED. The
security Deposit paid by the LESSEE to LESSOR in term of this LEASE DEED shall be
transferred to the transferee. Any Stamp duty or Registration chargers that will need to be
paid due to this transfer will have to be born between the current LESSOR or the new
LESSOR. The Lessee stands indemnified against any expense arising due to the sale of
demised premises during the period of tenancy.

23. In case of Force Majeure: If either party fails to perform any of its obligations under this
Lease as a result of Force Majeure, such party shall not be liable for loss or damage for the
failure and the other party shall not be released from any of its obligations under this Lease.
If either party is delayed or prevented from performing any of its obligations as a result of
Force Majeure, the period of delay or prevention shall be added to the time herein provided
for the performance of any such obligation.

“Force Majeure” shall mean any period of delay which arises from or through acts of God
such as but not limited to fires, explosions, earthquake, drought, foods, act of foreign
enemies, civil commotion, act of war, fire or other casualty.

25.Renewability of lease:That the lease term may be renewed for a further term of 9 (Nine)
years with mutual consent of both the parties on the same terms and conditions herein. The
LESSEE shall notify the LESSOR in writing 2 (Two) months prior to the expiry of the current
lease period of 9 (Nine) years.

26. Communication Address: Any notice in terms of this lease by either party will be given
at the address stated here above by Registered AD Post unless a different address has been
intimated in writing against receipt. Upon the receipt of any notice / orders, directions or
any other things from any competent authority in respect of the demised premises payable
in whole or in part by one party hereto, the other party shall immediately deliver a copy of
the necessary documents etc. to the party.

LESSOR LESSEE
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27. Receipt of payments:That the LESSOR or his authorized agent(s) shall acknowledge and
give valid any duty stamped receipt for each and every payments made by the LESSEE and
such receipts shall be conclusive proof of such payment.

28. Dispute Resolution: In the event a dispute arises in connection with the validity,
interpretation, implementation or alleged breach of this Agreement, the parties shall
attempt in the first instance to resolve such dispute through negotiation. If the dispute is
not resolved through negotiation then either party may refer the dispute for resolution to
the Arbitration under the provisions of the Arbitration and Conciliation Act, 1996 or any
subsequent enactment or amendment thereto, and the decision of the Arbitrator (whom
shall be jointly appointed by the LESSOR and LESSEE) shall be binding upon the LESSOR and
the LESSEE. The seat of Arbitration shall be at Noida (Uttar Pradesh). The provisions of this
Article shall survive the term/termination of this Agreement. Each party shall bear its own
cost of the arbitration. In case the Tenancy is continuing during the pendency of arbitration,
the LESSEE shall not stop payment of Rent and the other charges mentioned herein.

29. Jurisdiction:Subject to the preceding clause the parties agree to submit to the exclusive
jurisdiction of the competent courts in Noida.

30. No Dues Clearance:The LESSOR assures to the LESSEE that all dues pertaining electricity,
water or any other authorized government agency or body have been paid prior to the start
of business of the LESSEE. If any pending dues for the period before the Lease deed date are
found later, it will be the responsibility of the LESSOR to clear those dues.

31.Genset: The lessor agrees to provide space for Genset or provide power
backup(20KWA)for which additional refundable security amount of Rupees 3,50,000/-has
been paid by LESSEE .

32. Space for Advrtisement: Lessor will provide Signage Board outside/at the entrance of
Commercial.

32. Others:
I. If any provision of this tenancy agreement or part thereof is rendered void, illegal
Or unenforceable in respect under any law, the validity, legality and enforceability of
the remaining provisions shall not in any way be affected or impaired thereby.

II.This Lease Agreement constitutes the entire agreement between the parties and
saves as otherwise expressly provided no modification or amendment of any of the
provisions of this tenancy shall be effective unless made in writing specifically
referring to this Agreement and duty signed by the parties hereby.

LESSOR LESSEE
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III.In the event of any inconsistency between this tenancy and any Rules and
Regulations of the LESSOR Maintenance Agency pertaining to the Building and/or,
the Demised premises, this Lease Agreement shall prevail.

33.
NOTWITHSTANDING ANYTHING TO THE CONTRARY CONTAINED IN THIS
AGREEMENT, WHILE SUBWAY SYSTEMS INDIA PRIVATE LIMITED . IS LESSEEE
THEN WHERE ANY INCONSISTENCY BETWEEN THE PROVISIONS OF THIS PART
AND THE OTHER PROVISIONS OF THIS AGREEMENT THE PROVISIONS OF THIS
PART SHALL PREVAIL.

1. LIMITATION OF LIABILITY

Lessee’s liability upon default shall be limited to an amount not to exceed three (3) months
rent..

2. LICENSE

Lessee may License the Premises to any bona-fide Lessee/franchisee of Subway Systems
India Private Limited ("SSIPL") doing business as a SUBWAY® sandwich shop, without the
prior consent of or written notice to the Lessor. Such licenseing shall not alter the Lessee’s
responsibility to the Lessor under this agreement. Lessor agrees to accept rent from the
Lessee or its Licensee.Lessor acknowledges that while it may receive rent or other fees
directly from Lessee’s Licensee, Lessee will be responsible for payment of TDS on the rental
payment as provided in this Agreement.
All invoices are to be sent directly to SSIPL at the address as follows:

 Ashish Srivastava

 RSM Astute Consulting Pvt. Ltd.

 3rd Floor Tower-B, B-37,
 Sector-1, NOIDA-201 301 (U.P.)
 Email address ashish.srivastava@astuteconsulting.com

3. ANNOYING OR INJURIOUS CONDUCT

The Lessor acknowledges that the normal conduct of the Permitted Use will create an aroma
of fresh baking bread. This will not be considered a violation of any provision(s) in the
Agreement concerning annoying or injurious conduct.

4. HOURS OF TRADING

The Lessee has the option to trade 24 hours per day, 7 days a week, subject to regulations.

5. FIT OUT

LESSOR LESSEE
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The Lessor agrees that the Lessee may install and/or erect within the demised premises the
franchisor's standard logo, colour scheme, window lighting, signage, advertising and display
materials from time to time approved and adopted by SSIPL. or its successors or assigns
during the terms of this agreement.

6. ALTERATIONS AND ADDITIONS

The Lessor acknowledges and agrees that the Lessee shall be permitted to alter the interior
of the Demised Premises in accordance with the Franchisor's standard interior décor,
including installation of additional partitioning. The Lessee shall comply with all building
codes and by-laws when altering the interior of the Demised Premises.

7. PAYMENT OF FEES

The Lessor acknowledges that it will accept payment of fees, rent and other moneys from
the Lessee or its Licensee.

8. CHANGE OF CORPORATE OWNERSHIP

The Lessor acknowledges that any clause requiring notification of change of corporate
ownership or corporate restructuring within the Agreement shall not apply whilst SSIPL is the
Lessee.

9. NOTICE
Lessor and Lessee acknowledge that it is extremely important that rent be paid in a timely
manner as required by this Agreement. Since Lessee may license the Premises to a
Lessee/franchisee of SSIPL and the Lessee/franchisee may pay fees directly to Lessor,
Lessee does not receive income and will not know if fees have not been paid. Since the
parties recognise that time is of the essence in this matter, Lessor agrees to give written
notice to Lessee within ten (10) days of any default committed under this Agreement by a
Lessee. Failure of Lessor to give such notice will constitute a waiver of monetary and non-
monetary claims against Lessee. Any notice which is to be given to Lessee as required by
this Agreement shall also be sent addressed as follows: Subway Real Estate LLC. 325 Sub
Way, Milford, CT 06461, US

10.ENTIRE AGREEENT

The Lessor and Lessee acknowledge that the terms and conditions set out in this agreement and any
consent in writing given pursuant to any of the provisions hereof contain the entire agreement as
concluded between the Lessor and Lessee and that there are no other oral or collateral agreements
between the parties relating to the Demised Premises notwithstanding any negotiations or
discussions between the parties prior to the execution hereof.

11. EXCLUSIVITY

LESSOR LESSEE
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Lessor agrees not to sell, Agreement, let, use or permit to be used, any property owned or controlled
by it within one mile of the Premises now or at any time during the initial term of this Agreement or
any renewal thereof to any entity which sells or serves ready-to-eat food. Further, current Lessees
shall be prohibited from adding items to their menus which conflict with this exclusive right.

12. RENEWALS

The parties agree that Lessee shall not lose any option to renew contained in the Agreement unless
and until the Lessee has had at least ten (10) days after receipt of written notice from Lessor in
which to exercise its option to renew.

13. HEATING AND AIR CONDITIONING

In no event shall Lessee be responsible for the replacement of the HVAC unit.

14. SELF-HELP RIGHT

If the Lessor shall fail, refuse or neglect to comply with Lessor obligations in accordance with the
terms of this Agreement, or if Lessee makes any repairs by reason of any act, omission or negligence
of the Lessor or its employees or agents, Lessee shall have the right, at its option, to make such
repairs on the behalf of and for the account of the Lessor and deduct all costs and expenses thereof
from the next installment(s) of rent due under this Agreement. Alternatively, if a default by Lessor
continues for a period of thirty (30) days after Lessor's receipt of a written notice specifying the
default, Lessee, at Lessee's option, may terminate this Agreement by notifying the Lessor in writing
and specifying the termination date. This Agreement shall automatically be deemed void and both
parties shall be relieved of all obligations. Lessee shall vacate the Premises within an additional
period of thirty (30) days paying rent only to the date of said vacating. Lessor shall return any and all
security deposits and/or advanced rent paid by Lesseewithin three (3) business days.

15. SURRENDER OF PREMISES

LESSOR LESSEE
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On or before the expiration or earlier termination of this Agreement, Lessee shall surrender to
Lessor the premises and all of Lessee's alterations and fixtures broom clean, in good order and
condition, excepting reasonable wear and tear. Lessee may, but shall not be required to remove
those alterations or improvements to the premises which are installed by Lessee and which are
trade fixtures which may be removed without material damage to the Agreement premises and
which are in the nature of furniture, movable refrigeration, movable cooking equipment, storage
and display cases, counter shelves and racks. All other alterations and fixtures including, without
limitation, those in the nature of ventilating, air conditioning, unmovable refrigeration, unmovable
cooking equipment, plumbing, sprinkling systems, outlets, partitions, doors, vaults, paneling,
molding or flooring shall be surrendered with the premises and Lessee need not remove them.

IN WITNESS WHEREOF the parties hereto have executed this at the day and year first
mentioned hereinabove.

LESSOR LESSEE

Authorized Signatory Authorized Signatory

WITNESSES :

1. ___________

2. ___________

LESSOR LESSEE