Sample Broker Agreement

AGENT : MS. GURUKRUPA PROPERTIES.

OWNER : MS.SANDHILLS HOLDING LTD.

PROPERTY : 1) V TIMES SQUARE 11TH FLOOR 15000 SQFT.

2)

1. Term:

In consideration for MS.GURUKRUPA PROPERTIES (Broker) listing of the property

_____________________________________(Property) hereinafter described and Broker’s
agreement to use its best efforts to effect a lease of the Property, the undersigned MS. SANDHILLS
HOLDING LTD. (Lessor) hereby grants to Broker the exclusive right to negotiate the lease of the
Property for the period commencing at 12:00 a.m. on May 1, 2018 and ending at 12:00 p.m. on April
30, 2019. If Lessor enters into a letter of intent, agreement in principle, option or similar contract
concerning a lease of the Property during the time period identified above, Broker’s exclusive right
to negotiate the lease of the Property is automatically extended by the number of days that the letter
of intent, agreement in principle, option or similar contract is in effect. The period of Broker’s
exclusive right to negotiate the lease, including extensions thereof, is hereinafter referred to as “the
Exclusive Period.” Upon the expiration date, and providing the contract has not been previously
cancelled, this exclusive listing shall continue on a month to month basis, and may thereafter be
cancelled by either party upon thirty (30) days written notice to the other party.

2. Lease Rates And Terms:

The rental rate(s) and term(s) in the lease(s) shall be not less than Lessor may accept.

0
3. Property:

The real property is situated in the City of [City], [County], and is located at [Street Address]. The
real property is further described as follows: [Description of Property].

4. Lessor’s Obligations/Authorizations:

Lessor agrees to cooperate with Broker in leasing of the Property during the life of this Agreement.
During the Exclusive Period, Lessor shall immediately refer to Broker all inquiries of any person or
entity interested in the Property and Lessor shall conduct all negotiations through Broker. Without
limiting Broker’s actions hereunder, during the term of this Agreement, Broker is authorized to (i)
accept a deposit from any prospective tenant, and (ii) advertise the Property and place a sign or signs
on the Property.

5. Dual Agency:

Lessor agrees that Broker may be the agent of both Lessor and any prospective lessees. In a dual
agency situation Broker has a fiduciary duty of utmost care, honesty and loyalty in the dealings with
each party. In representing both parties, Broker will not without the permission of the respective
party, disclose to the other party that the party will accept a price or terms less than the listing price
and terms or that the other party will accept a price or terms greater than the price and term offered.

6. Agreement To Pay Commission:

Lessor agrees to pay Broker a leasing commission (Commission) in accordance with Broker’s
Schedule of Lease Commissions specified in paragraph 12. Lessor agrees that the Commission will
be paid to Broker for services rendered during the Exclusive Period if, prior to the expiration of the
Exclusive Period: (a) The Property is leased, whether by or through Broker, Lessor or anyone else or
(b) An offer to lease the Property is submitted directly or indirectly to Lessor by an offeror who is
ready, willing and able to lease the Property on terms agreeable to Lessor whether said offeror is
procured by or through Broker, Lessor or anyone else.

7. Payments Upon Expiration Or Termination:

Lessor also agrees that the above commission will be paid to Broker for services rendered during the

1
Exclusive Period if, within 180 days after the expiration of the Exclusive Period the Property is
leased and/or sold whether by or through Broker, Lessor or anyone else due to negotiations
commenced with any person or entity with whom Broker negotiated or to whom Broker submitted
the Property during the Exclusive Period. For purposes of this paragraph, Broker is conclusively
presumed to have negotiated with or submitted the Property to any person or entity who (i) submitted
an offer to lease the Property during the Exclusive Period or (ii) whose name appears on a list
delivered to Lessor by Broker within ten business days immediately following the expiration of the
Exclusive Period.

8. Interest On Payments:

Any amounts due and unpaid hereunder shall bear interest at the rate of 10% per annum, simple
interest, or at the maximum amount then allowed by law, whichever is lower.

9. Brokers Disclaimer:

Lessor acknowledges that Broker has not made an independent investigation or determination of the
physical or environmental condition or adequacy of the Property, including, but not limited to, the
size or value of the Property, the existence or nonexistence of any underground tanks, sumps, piping,
toxic or hazardous substances on the Property. Lessor agrees that it will rely solely upon its own
investigation and/or the investigation of professionals retained by Lessor, at Lessor’s sole expense,
and Lessor shall not rely upon Broker to determine the physical and environmental condition of the
Property and to determine whether, to what extent or in what manner, such condition must be
disclosed to potential tenants, purchasers or other interested parties.

10. Lessor’s Release And Indemnification:

Lessor releases Broker of and from any and all losses, claims, causes of action, liabilities and
damages arising out of or connected with the physical or environmental condition, size or value of
the Property, conditions of title, zoning, accuracy or completeness of reports or permitted uses.
Lessor shall defend, indemnify, and hold Broker harmless from and against any and all losses,
claims, causes of action, liabilities and damages (including, but not limited to, reasonable attorney’s
fees and costs), arising out or in connection with information about the Property which is supplied by
Lessor or Lessor’s agents or representatives or any material fact about the Property which is known

2
by Lessor or Lessor’s agents or representatives and which Lessor fails to disclose to Broker or
prospective tenants or purchasers.

11. Non-Discrimination:

It is understood that it is illegal for either Lessor or Broker to refuse to display, lease or sell the
property to any person because of race, color, religion, national origin, sex, sexual orientation,
marital status or disability.

12. Commission Schedule:

[ Commissions will be 2.5 months rent]

The Lease Commission due hereunder shall be paid ½ upon execution of a Lease or other agreement
by Lessor (or a duly authorized agent of Lessor) and the Lessee, and ½ upon Lease commencement.]

13. Entire Agreement:

No amendment, alteration, modification or termination of this Agreement shall be valid or binding

unless made in writing and signed by both Lessor and Broker.

14. Attorney’s Fees:

Except in the case of arbitration, as provided below, if any party files any action or brings any
proceedings against the other arising out of this Agreement or arising out of any transaction resulting
from this Agreement, or to enforce an arbitration award, then the prevailing party shall be entitled to
recover as an element of its cost of suit, and not as damages, reasonable attorney’s fees in addition to
any other relief to which it is entitled. This Agreement shall be governed by the laws of the
Government of Maharashtra.

3
15. Requirement To Arbitrate:

Any dispute or claim in law or equity arising out of this Agreement or any transaction resulting from
this Agreement shall be decided by neutral binding arbitration in accordance with the government of
maharashtra. A judgment may be entered on the arbitrator’s award in any court with jurisdiction to
enforce the arbitrator’s award. The parties shall appoint an arbitrator by mutual consent in Navi
Mumbai and the proceedings shall take p[lace in English. The arbitrator’s fee shall either be paid by
the losing party or the losing party shall reimburse the prevailing party for its portion of the
arbitrator’s fee. Notwithstanding the foregoing, each party shall bear its own costs relating to counsel
or attorney’s fees.

we have read and understand the foregoing and agree to submit disputes arising out of the matters
included in the “requirement to arbitrate” provision to neutral binding arbitration.

The undersigned Lessor hereby acknowledges receipt of a copy of this Exclusive Authorization to
Lease Agreement and agrees that it shall be binding upon the heirs, successors and assigns of the
undersigned.

Accepted: Accepted:

Lessor: Broker:

By: By:

Date: Date: