DATED THIS

DAY OF

2010

BETWEEN

xxxxxxxxx (NRIC NO: & yyyyyyyyy (NRIC NO:

AND

) )

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LEASE AGREEMENT
******************************************************** Prepared By:-

AN AGREEMENT made the

day of BETWEEN

, 2010

Individuals whose name and details stated in item 2, 1st Schedule of this agreement (hereinafter referred to as the Lessor of the one part); AND

Individuals whose name and details stated in item 3, 1st Schedule of this agreement (hereinafter referred to as the Lessee of the other part);

ARTICLE 1 RECITALS 1.1 The Lessor is the registered and beneficial owner of all portion of land held under GM xxxxx LOT fffff Mukim of Rawang, District of Gombak and State of Selangor (hereinafter referred to as the said Land); 1.2 The Lessor has agreed to grant and the Lessee has agreed to take a lease of the said Land which is more particularly delineated and shaded in Red in Attachment 1 hereto upon the terms and conditions hereinafter appearing. 1.3 The said Land is intended to be used (whether by the Lessee or other party deriving therefrom) for the purpose of conducting daily-kind business.

ARTICLE 2 AGREEMENT TO LEASE 2.1 Agreement to Lease Subject to the terms and conditions hereinafter appearing the Lessor hereby agree to grant and Lessee agree to take a lease of the said Land. 2.2 Period of Lease It is hereby agreed that the lease period shall be for Fifteen (15) years commencing from and expiring on ..

ARTICLE 3 TERMS AND CONDITIONS OF LEASE

3.1

Covenants and Undertaking Of The Lessee The Lessee hereby covenants with the Lessor as follows:a. The lease rental which is payable under this Lease Agreement is RINGGIT MALAYSIA SIX THOUSAND (RM6,000-00) only per month; b. The monthly rental shall be paid by the Lessee directly bank-in to the Lessors bank account. Lesse and Lessor agreed that the proof of payments and the date of the payment received by the Lessor shall be solely rely on the payment transaction which is stated in the Lessors account only; c. The monthly rental shall be paid by the Lessee on/or before 7th day of each month; d. To pay the rental under 3.1 (a) upon signing of this Lease Agreement; e. Notwithstanding anything herein contained the Lessor shall not be under any liability either to the Lessee or to the Lessees licensees servants or other persons in the said Land calling upon the Lessee for accidents happenings or injuries sustained or for loss of any damage to the Lessee and/or the above aforesaid persons goods or chattels or vehicles; f. The Lessor shall not be under any liability whatsoever to the Lessee or any other person whosoever in respect of any inconvenience suffered by the Lessee to and in the said Land or in respect of any damage sustained by the Lessee or such other person as caused aforesaid. The Lessee shall fully indemnify the Lessor against all claims, demands, actions and legal proceedings whatsoever made upon the Lessor in respect of any damage to any person howsoever caused by the negligence of the Lessee; g. The Lessee further agrees that if any damage is caused to the Lessor or to any person whomsoever directly or indirectly through any defective or damaged condition of any part of the said Land (including Lessors fixtures) the Lessee shall be wholly responsible therefore and shall make good the same by payment or otherwise and shall be fully indemnify the Lessor against all claims, demands,

actions and legal proceedings whatsoever made upon the Lessor by any person in respect thereof; h. To protect and preserve the ecology of the said Land and for that purpose to keep constantly employed a sufficient number of attendants to supervise the same and to protect the said Land therein and to expel all persons trespassing on the said Land and to keep the Land in proper maintainence, failure of which the Lessee shall be liable to cause to indemnify the Lessor for any expenses incurred to ensure the same; i. To indemnify and keep indemnify the Lessor from and against any and all loss damage liability and legal fees (including fees charged on a solicitor-client basis) and costs incurred by the Lessor because of any act neglect or default of the Lessee or any of its agents employees licensees or customers in connection with the business or the said Land or any other reason so long as such loss damage liability fees or costs resulted from the lease hereby granted and was not due to any default of the Lessor; j. Not to suffer or permit any part of the said Land to be used for any illegal purpose; k. Forthwith to notify the Lessor in writing of any notices served by any competent authority and with all due speed to comply with the terms of the said notice as are effective and to keep the Lessor indemnified from and against all actions, costs, claims, demands, and liability in respect thereof; l. The Lessee shall have the option to negotiate to purchase of the said Land from the Lessor within first ten (10) years of the lease at the terms and conditions to be agreed by both parties; or in the event that the Lessor desireous of selling the said Land, the Lessee shall have the first right and option to buy the said Land within three (3) months from the notice given by the Lessor to Lessee to sell-off the said Land at the terms and conditions to be agreed by both parties; m. At the expiration of the lease, the Lessee shall at the option of the Lessor grant a further term of five (5) years at a rental to be mutually agreed upon by both parties;

n. At all times during the term hereby created to comply with all such requirements as may be imposed on the Lessee by any statute or enactment now or hereafter in force and any orders rules regulations by-laws, requirements and notices thereunder and to indemnify the Lessor against all loss damages sustained and arising out of the Lessees breach thereof; o. At the Lessees own costs and expenses, to build permanent structures on the said Land for the purpose of conducting normal daily business and such other related business activities; p. At the expiration of the Lease Period or the Extended Lease Period, as the case may be, the Lessee shall surrender the Land to the Lessor and all permanent structures erected on the Land shall belong to the Lessor and the Lessor shall be under no obligation whatsoever to compensate or reimburse the Lessee for the costs incurred by the Lessee to erect the said structures. However, subject to clause 3.1 (n), all goods, tools, equipment and other moveable assets, shall belong to the Lessee and the Lessee shall be entitled to remove such items from the Land, at the Lessees own costs and expenses without any obstruction or hindrance from the Lessor. If the Lessee failed ro remove the moveable items, the Lessor shall appoint a contractor to remove the moveable items and the costs of the contractor shall be claimed by the Lessor from the Lessee or to be deducted from the security deposit.; q. To pay all utility charges including the necessary deposits in the Lessees name and outgoing in respect of electricity water and telephone charges which shall be consumed or supplied on or to the said Land during the period of this Lease; r. Not to charge or otherwise encumber the said Land or to assign, sell, sublet or otherwise dispose of any rights or interest in the said Land; s. To pay the quit rent and other outgoing from time to time payable in respect of the said Land. 3.2 Covenants and Undertakings of the Lessor The Lessor hereby covenants with the Lessee as follows:a. To permit the Lessee observing and performing the provisions and stipulations contained in this Lease Agreement peaceably to enjoy the rights and previleges
5

aforesaid during the said term without any interruption by the Lessor or any person rightfully claiming under or in trust for it; b. To permit the Lessee to construct building, structures and all necessary facilities for the purpose of carrying on its business provided always that all such construction on the said Land shall be borne and paid by the Lessee; c. To permit the Lessee to exhibit on any part of the said Land any signboards letterings posters advertisements or any such kind for the purpose of carrying out its business; d. To pay all quit rent rates assessements and other outgoing from time to time payable in respect of the said Land.

ARTICLE 4 MISCELLANEOUS 4.1 If the rent hereby reserved or any part thereof shall at any time be unpaid for ninety (90) days after the same shall have become due (whether formally demanded for or not) or any covenants on the Lessees part herein contained shall not be performed or observed of if the Lessee shall have a receiving order made against it or shall have made any arrangements with its creditors by composition or otherwise or suffer any distress or attachment or execution to be levied against its goods or if the Lessee for the time being shall go into liquidation whether compulsory or otherwise except for the purpose of reconstruction or amalgamation then in any such cases it shall be lawful for the Lessor at any time thereafter to re-enter upon the said Land or any part thereof in the name of the whole and thereupon the lease shall absolutely determine but without prejudice to the right of auction of the Lessor in respect of any antecedent breach of the conditions on the part of the Lessee herein contained, alternatively, it shall be lawful for the Lessor to determine this lease by giving notices thereof in writing to the Lessee; 4.2 if the buildings, structures and facilities put up by the Lessee on the said Land or any part thereof shall be destroyed or damaged by the fire or by any Act of God then the said rent which has hereinbefore been covenanted to be paid or a fair proportion thereof according to the nature and extent of the damage sustained shall be
6

suspended, until the said buildings, structures and facilities shall again be rendered fit for habitation and use;

4.3

In the event that:a. The reserved rent shall be arrears for ninety (90) days whether formally demanded or not; or b. If the Lessee shall be wound-up; or c. If there shall be any breach of any stipulation or provision in this Lease Agreement; Save as aforesaid, the Lessor may upon the occurrence of any of those mentioned earlier, cause to serve the Lessee a notice in writing demanding that any such breach be remedied within ninety (90) days from the date of such notice Provided Always in the event that the breach is not remedied within the stipulated period, the Lessor shall have the absolute right to determine this lease and thereupon the right and previleges granted under this Lease and determine without prejudice to any right of action which shall have accrued to the Lessor against the Lessee for any antecedent breach. d. All costs of and incidental to the preparation and execution of this Lease and the stamping and the registration thereof shall be borne and paid by the Lessee whereas the Lessor shall be borne and paid by the Lessee whereas the Lessor shall bear its own solicitors costs; e. In this lease unless there is something in the subject or context inconsistent with such construction or unless it is otherwise expressly provided:i. Words importing the masculine gender include the feminine and neuter genders; ii. Words applicable to human beings include any body of persons corporate or unincorporated;

iii. Words in the singular the Lessor include its successors-in-title and permitted assigns and the Lessee includes its its successors-in-title and permitted assigns.

IN WITNESS WHEREOF the parties hereto have hereunto set their hands the day and year first above written.

The execution of this Agreement By the Lessor in the presence of

) )

The execution of this Agreement By the Lessor in the presence of

) )

FIRST SCHEDULE
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