Kalibata City Apartment

LEASE AGREEMENT

On this day, Monday, 3 July 2017, we the undersigned:

Name : MOCHTAR CAHYO UTOMO
ID Number : 33.7413.191180.0004
Address : Jl. Kenconowungu Dalam I/11 RT 03/RW 04 Karangayu, Semarang
Hereinafter referred to as the First Party or LESSOR

Name : ZAKIR ALI GULZARI

ID Number : 353-15C00059
Nationality : Pakistan
Hereinafter referred to as the Second Party or LESSEE

Hereby declared to cooperate in Lease Agreement of:

Kalibata City Apartment, Tower Cendana, Floor 02, Unit BG
Jl. TMP Kalibata No. 1, Jakarta 12750, Indonesia
(Hereinafter referred to as Premises with inventory list enclosed)
This Lease Agreement (hereinafter referred to as Agreement) has been concluded
and accepted by both parties under the following terms and conditions:

ARTICLE 1: LEASE PERIOD

1. This agreement is valid for a period of 6 (six) months (3 July 2017 2 January
2018).
2. Lessee has the first option to extend the lease period, at a rental rate and on
terms and conditions agreed to by both parties. If Lessee desires to extend the
lease period, Lessee shall notify Lessor at least 30 (thirty) days before the
expiry date of this agreement. Payment of the agreement extension has to be
done by Lessee, 10 (ten) days before the expiry date of this agreement.
3. Over stay will be charged IDR 300,000 (three hundred thousand rupiah) per day,
with a maximum of 7 (seven) days from the expiration date of the lease period.
After that, Lessor has the legal right to vacate the Premises without any further
notification.

ARTICLE 2: SECURITY DEPOSIT

1. Security Deposit, equivalent to IDR 1,000,000 (one million rupiah), shall be given
by Lessee. Security Deposit will be used to pay any outstanding bills (electricity,
water or any other bills that related) and to reserve the Premises condition.

Kalibata City Apartment Tower Cendana 02/BG

2. Security Deposit will be refunded by Lessor to Lessee within a period of 10 (ten)
days without interest after the agreement expires and after being deducted by
payment of outstanding bills and repair of the apartment unit (arrears, cost and
loses arising during the agreement).
3. If expenses to pay the outstanding bills and repair of the apartment unit, exceed
the amount of Security Deposit, Lessee agrees to pay the difference of all
outstanding costs within 5 (five) working days after the agreement expires.

ARTICLE 3: RENTAL RATE

1. Rental rate is IDR 14,500,000 (fourteen million five hundred thousand rupiah)
per 6 (six) month.
2. Lessor is responsible for the payment of monthly service charge.
3. Lessee is responsible for the payment of electricity, water and other facilities
subscribed to by Lessee (if available, i.e.: internet, newspaper, etc).
4. If Lessee fail to pay according to payment terms for services mentioned above in
due time and that causes cut-off from electricity, water or other facilities, then
Lessee is obligated to pay for the penalties and re-activation charges it may
cause.

ARTICLE 4: PAYMENT
1. The payment will be made as follows:
Down payment : 21 June 2017 : IDR 200,000
Security deposit : 2 July 2017 : IDR 1,000,000
Full payment : 3 July 2017 : IDR 14,300,000

ARTICLE 5: GUARANTEE
1. Lessor guarantees Lessee that as long as the Agreement remains in force;
Lessee shall have full utilization and can occupy the Premises legally for
residential purposes.
2. This Agreement shall not be made void by the death of Lessor as the Owner of
the
Premises and /or by a change of ownership of the Premises.
3. Lessee is not permitted to assign or transfer any part of this Agreement, but not
limited to subleasing the Premises to a third party, with prior notice to Lessor.
4. No pets are allowed to reside in the Premises without prior approval from
Lessor.

Kalibata City Apartment Tower Cendana 02/BG

 ARTICLE 6: MAINTENANCE
1. Lessor is responsible and shall bear any expenses for repair resulting from the
structural failure of the Premises, including but not limited to repair of roof, walls,
and leakage due to age.
2. Lessee is responsible to keep the Premises in a good, clean, working condition.
Should there be any damages caused by negligence of Lessee, then Lessee is
responsible for the repair of such damages.
3. During the term of this Agreement, Lessee shall not remove or take out any
furniture, fixtures and fitting, which belong to Lessor without prior written
approval from Lessor. Except for, any furniture, fixtures and fitting installed by
Lessee to improve living conditions on the Premises as deemed suitable by
Lessee, shall remain the property of Lessee and should be removed at the
expiration of this Agreement.
4. Minor maintenance related to the use and occupation of the Premises during the
Agreement, under maximum of IDR 300,000 (three hundred thousand rupiah)
will be the responsibility of the Lessee (repair of air conditioner, refrigerator, TV,
etc).
5. Lessee obligates to service all air conditioners in the Premises, at least every 3
(three) months to keep it running well, and give the service receipt to Lessor at
the end of the Agreement period.

ARTICLE 7: REGULATION FROM BUILDING MANAGEMENT

1. Lessee obligates to obey all regulations from building management or governing
authorities regarding to use of the Premises. Lessee shall be responsible for
any failure to comply.
2. The building management has the right to take action on Lessee in enforcing the
Terms and Conditions of this contract, including eviction of Lessee. The decision
or judgment from building management is final and not subject to any dispute,
argument or appeal.

ARTICLE 8: TAXATION, INSURANCE and FORCE MAJEURE

1. Lessor is fully responsible for the payment of the property taxes imposed by the
Indonesia Government (PBB/ Pajak Bumi dan Bangunan).
2. Insurance coverage premiums on the Premises and inventories owned by each
party, against loss/damage by fire and extended risk, are paid by each related
party. Each party shall indemnify and hold the other harmless from any
consequences of failure to obtain insurance coverage.

Kalibata City Apartment Tower Cendana 02/BG

3. In the event of loss or damage to the Premises due to natural disaster or force
majeure, prepaid rental rate will not be refunded.

ARTICLE 9: DISPUTE RESOLUTION

1. If Lessor solely cancels this Agreement, Lessor must refund prepaid rental rate
for the remaining lease period plus penalty.
2. If Lessee solely cancels this Agreement, then prepaid rental rate will not be
refunded.
3. Any unresolved issues/ questions arising from this agreement shall be settled by
mutual agreement. If this is not possible, both parties agree to settle the case at
Legal Court of South Jakarta.
4. The laws of Republic of Indonesia shall govern this agreement.

Jakarta, 3 July 2017

First Party/ Lessor, Second Party/ Lessee,

MOCHTAR CAHYO UTOMO ZAKIR ALI GULZARI

Witness,

MOHAMMAD REZA SARWARI

Kalibata City Apartment Tower Cendana 02/BG