RENEWAL OF TENANCY AGREEMENT

This Renew Tenancy agreement is made at Karachi, this ______________day of ____________ 20___. In continuation of Agreement of Tenancy, Dated._____________.

BETWEEN
MRS. AQILA WAHID WIFE OF ABDUL WAHID , holding NIC No. 42201-0449303-8, Muslim, adult, resident of House No. C-10, in Block No.2, Gulshan-e-Iqbal, Karachi , hereinafter called Owner / LANDLADY party of the One Part.

AND
Mr. TARIQ SIRAJ son of BASHIR AHMED , holding NIC No. 42201-2384205-3, Muslim, adult, resident of Flat No. 60, Askari-IV, Main Rashid Minhas Road, Karachi, hereinafter called the TENANT / Party of the Other Part: (Both expression shall wherever the context so permits, mean & include their heirs, executors, administrators, successors, and assigns)

WITNESSETH AS UNDER

Whereas the Landlady is the sole and absolute OWNER of Apartment bearing No. 60-A, on Ground Floor, measuring approximately 2300 Sq, Fts., in the project namely Askari-IV, Situated at Rashid Minhas Road, Gulistan-e-Jauhar, Karachi hereinafter called the Said Premises AND WHEREAS the LANDLADY has agreed to let the Said Premises, to the aforesaid TENANT on MONTHLY RENT of Rs. 28,140/- (Rupees Twenty Eight Thousand One Hundred & Forty Only). Continued on Page - 2

Page 2
NOW THEREFORE THIS AGREENENT TERMS AND CONDITIONS HEREINAFTER APPEARING:-

1.

That the TENANT

MONEY,

HAS THIS DAY

Deposited a sum of Rs. 44,000/-

(Rupees Forty Four Thousand only), which will be treated as FIXED SECURITY DEPOSIT refundable to the TENANT at the time of entire vacation of the Said Premises (without interest) after deducting dues, damages, charges, if any. 2. That the TENANT has Paid 06 month(s) Advance Rent of the SAID PREMISES to the Owner i.e. Rs.1,68,840/- (Rupees One Lac Sixty Eight Thousand Eight Hundred and Forty Only) , which will be adjustable in monthly rent by the Owner from 01-07-2011 to 31-122011. 3. That the TENANT would pay the Electricity Bill according to on __________ Sui-gas charges, vide its Meter Meter/Sub-Meter reading, Vide its Meter No._____________ reading ______________as No.______________ as on __________, Water/Motor, Water and Sewerage Tax. Water Conservancy charges, Union/Maintenance fee of REC AskariIV, Telephone Bill if any, to the concerned authorities and paid bills to be handed over to the Owner or amount to be paid to the Owner and Owner shall pay all Government Taxes, Property Taxes, Cantonment Board, etc., from his/her own sources and own expenses. 4. That the Owner has handed over the vacant peaceful possession of the SAID PREMISES to the TENANT with all necessary fitting and fixtures, hence this AGREEMENT, shall come into force with effect from the blew mentioned date and shall be valid for eleven (11) months only i.e. effect from 01-07-2011 and expiring on 30-06-2012. 5. That the Tenant shall use the SAID PREMISES for his/ her own [RESIDENTIAL PURPOSE ONLY] and shall not sub-let or re-let the SAID PREMISES or its portion to any other person or person(s) or his/her relatives. 6. That the TENANT will keep the SAID PREMISES, in good and Tenantable condition, all fittings and fixtures are in working order, and he/she will not do any unlawful business or activities in the SAID PREMISES. 7. That the Owner wants to get the SAID PREMISES vacated from the Tenant then he/she will have to give one months notice to the TENANT similarly if the TENANT desire to vacate the SAID PREMISES then he/she will have to give one months notice to the Owner after one tenure.

Continued Page 3

Page 3 8. That the TENANT shall not make any alteration, addition,

modification etc., of any kind in the SAID PREMISES, or in any fittings and fixtures if any damage to the fitting and fixtures, etc. or in the SAID PREMISES, damages charges would be payable by the TENANT at full cost. 9. That this Tenancy Agreement can be renewed by mutual consent of both the parties for further eleven (11) months period, and 5% Monthly Rent shall be enhanced after every year.

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______________________
MRS. AQILA WAHID W/O ABDUL WAHID NIC No. 42201-0449303-8 House No. C-10, in Block No.2, Gulshan-e-Iqbal, Karachi,

TENANT______________________
Mr. TARIQ SIRAJ S/O BASHIR AHMED NIC No. 42201-2384205-3 Flat No. 60, Askari-IV, Main Rashid Minhas Road, Karachi,

WITNESSES:

1. _____________________________

2. _____________________________ Name: MANZOOR HUSSAIN

Name: ABDUL BASEER Address: ASKARI ADVISOR MALIR CANTT.

PROPERTY Address:

ASKARI

PROPERTY

ADVISOR

Malir Cantt, Karachi.

RECEIPT
Received with thanks from Mr. TARIQ SIRAJ son of BASHIR AHMED , holding NIC No.42201-2384205-3, a total sum of Rs.1,60,800/(Rupees One Lac Sixty Thousand Eight Hundred Only) , being the ADVANCE RENT for a period of 06 months commencing from 01-062010 to 31-11-2010 Rs. 44,000/- (Rupees Forty Thousand Only), being the FIXED SECURITY DEPOSIT refundable on vacation of premises after deducting the amount of un-paid rent, bills (if any) in respect of Apartment bearing No. 60-A, on Ground Floor, measuring approximately 2300 Sq. Fts., the project namely Askari-IV, Situated at Rashid Minahs Road, Gulistan-e-Jauhar, Karachi, as per Agreement of Tenancy, dated:___________

Karachi, Dated: ______________ _______________________________ Signature of LANDLADY MRS. AQILA WAHID WIFE OF ABDUL WAHID, NIC No. 42201-0449303-8 Address: House No. C-10, in Block No.2, Gulshan-e-Iqbal, Karachi,

WITNESSES:

3. _____________________________

Name: ABDUL BASEER Address: ASKARI PROPERTY Address: ASKARI PROPERTY ADVISOR MALIR CANTT. ADVISOR Malir Cantt, Karachi.

4. _____________________________ Name: MANZOOR HUSSAIN