AGREEMENT OF TENANCY

This Agreement of Tenancy is made at Karachi, this ______day of ________ 2012.

BETWEEN
MR. IRASHAD ALI SHAH S/O SABIR ALI SHAH, holding NIC No. 43102-2472842-9, Muslim, adult, resident of HOUSE NO. 100, MUHALLAH HUMAIRA TOWN, MODEL COLONY, KARACHI, hereinafter called OWNER of the FIRST PART:

AND
Dr. JAVID ASLAM BUTT S/O MUHAMMAD ASLAM BUTT, holding NIC NO. 61101-2847513-3, Muslim adult, resident of HOUSE NO. 571 STREET NO.11 SECTOR I-10/2, ISLAMABAD, hereinafter called the TENANT of the SECOND PART: (Both expression shall wherever the context so permits, mean & include their heirs, executors, administrators, successors, and assigns)

WITNESSETH AS UNDER:-

Whereas the OWNER is the sole and absolute OWNER of HOUSE NO. SDH154, AFOHS, FALCON COMPLEX, MALIR CANTT, KARACHI, hereinafter called the SAID PREMISES AND WHEREAS the OWNER has agreed to let the SAID PREMISES, to the aforesaid TENANT on the MONTHLY RENT of Rs. 35,000/- (Rupees Thirty Five Thousand Only), on the following terms and condition: 1.
MONEY,

THAT the TENANT had Deposited a sum of Rs. 50,000/- (Rupees refundable to the Tenant at the time of entire vacation of the SAID

Fifty Thousand Only), which will be treated as FIXED SECURITY DEPOSIT PREMISES (without interest) after deducting dues, damages, charges, if any.

Sig Owner _________________

Sig Tenant _________________ Continued on Page - 2

Page-2 2. THAT the TENANT shall pay 12 MONTHS advance rent to the landlord i.e Rs. 4,20,000/- (Rupees Four Lac Twenty Thousand Only), which will be adjustable in rent. 3. THAT the OWNER shall hand over the vacant peaceful possession of the SAID PREMISES to the TENANT, with all necessary fitting & fixtures, hence this AGREEMENT OF TENANCY, shall come into force with effect from the above mentioned date and shall be valid for eleven (11) months only i.e. effect from ____________and _____________. Rent shall start from the date of NOC from Station Headquarter and handing over the peaceful possession. 4. THAT the TENANT shall use the SAID PREMISES, for his/her own [RESIDENTIAL PURPOSE ONLY] and shall not sub-let the SAID PREMISES, to any other person(s). 5. THAT the TENANT would pay the Electricity Bill according to Meter reading Sui-gas charges Water, Conservancy Charges, Union fee, Telephone Bill if any, to the concerned authorities or to the OWNER and the OWNER shall pay all Government Taxes, Property Taxes, etc., from his/her own sources and own expenses. 6. THAT if the TENANT shall not make any alteration addition, ect., of any kind in the SAID PREMISES any damage, to fitting & fixtures, etc. Would be payable by the Tenant. 7. THAT if the OWNER wants to get the SAID PREMISES, vacated from the Tenant he/she will have to give one months notice to the Tenant or Viceversa. 8. THAT the TENANT will be ejected from the SAID PREMISES, if he fails to pay the MONTHLY RENT for continuously two (01) month on the notice of fifteen (15) days from the Owner. 9. That this agreement of Tenancy can be renewed by mutual consent of both the parties for further eleven (11) months period, and 10% Monthly Rent shall be enhanced after Every Year. 10. That in case the TENANT could not quality for NOC from the Station Headquarter/Air Headquarter, then his advance amount shall be refunded without detection. IN WITNESSES WHEREOF the parties set their respective hands before the witnesses here at Karachi, the day monthly and the year first above mentioned.

OWNER______________________
MR. IRASHAD ALI SHAH S/O SABIR ALI SHAH, NIC No. 43102-2472842-9

TENANT

____________________________ Dr. JAVID ASLAM BUTT S/O MUHAMMAD ASLAM BUTT NIC NO. 61101-2847513-3

WITNESSES
2. __________________________ 1. ______________________ NAME: W/C ABDUL BASEER NAME: MANZOOR HUSSAIN

ADDRESS: ASKARI PROPERTY ADVISOR MALIR CANTT KARACHI NIC NO. 42501-1487139-3

ADDRESS. ASKARI PROPERTY ADVISOR MALIR CANTT KARACHI NIC NO. 712024144226-9

RECEIPT
Received a sum of Rs. 4,70,000/- (Rupees Four Lac Seventy Thousand Only), from Dr. JAVID ASLAM BUTT S/O MUHAMMAD ASLAM BUTT, holding NIC NO. 61101-2847513-3, Muslim adult, resident of HOUSE NO. 571 STREET NO.11 SECTOR I-10/2, ISLAMABAD, from which (1) 12 MONTHS Advance Rent Rs. 4,20,000/- (Rupees Four Lac Twenty Thousand Only), and (2) Rs. 50,000/- (Rupees Fifty Thousand Only) as SECURITY DEPOSIT against the rented out my HOUSE NO. SDH-154, AFOHS, FALCON COMPLEX, MALIR CANTT, KARACHI, as per Agreement of Tenancy, dated:______________.

OWNER______________________

MR. IRASHAD ALI SHAH S/O SABIR ALI SHAH NIC No. 43102-2472842-9 Address: RAILWAY COLONY, BLOCK NO. 95/A, JACOBABAD