LEASING CONTRACT BETWEEN THE UNDERSIGNED EEMA PHARMACY Ltd represented by its legal representative FEZA MARTINE, Phone:0788502857 ,TIN :120781654. hereinafter referred to as “the Tenant’, on one hand And NARD HOUSE represented by MUNGANYINKA Aimée Adisa, E-mail: aimeemunganyinka@gmail.com, mobile phone: 0788304193, TIN/VAT No. 104205885, resident at Ubumwe Village, Rukiri I Cell, Remera Sector, Gasabo District in the City of Kigali, hereinafter referred to as "The Landlord " on the other hand; Article 1: Legislation This contract constitutes the law between the contracting parties and it will be governed by the Law governing contracts in force in Rwanda. Article 2: Location of the leased space and its owner The leased space of 123M? is located in the Commercial Building located in Kagina Village, Kicukiro Sector, Kicukiro District, in the City of Kigali, registered under PLOT number 218. Article 3: Rent, payment modalities and the duration of the lease 1. The monthly rental fee is 500,000fw including all taxes, payable to the bank account no (00255-0697761-57 (BK) bank of kigali of the Landlord. The first payment of 3,500,000frw will be paid in account mentioned above. The first payment of six month will be paid plus one month fees served as caution. The tenant must repair the damages before the expiration of the rent paid before handing over the house to the Land lord for him to get his caution fees back. 2. For each payment made under this contract, the Tenant must provide a copy of the bank slip to the Landlord who will issue an official invoice of EBM (VAT).3. The rent payment of two months have to be paid in the first week of the month. delay of Payment will cause the penalty of ten percent 10% of monthly fee every day. you have to Pay your rent on time for not be penalise. 4-The leased space is put at disposal of the Tenant for a period of one year from the day of entry into force of the lease, renewable automatically upon expiry of that term. Article 4: Increase of rental fees and stability of Tenant The landlord shall in no case review by increase the rent before the period of one year of the Present lease. After one year, the landlord shall have the right to revise the rent but after negotiation with the tenant on a mutual solution, taking into account the state of the building and the market price for lease. Article 5: Termination of the contract and its conditions For the Tenant 1. During the term of the contract, the Tenant will have the right to terminate the agreement unilaterally at any time without notice if the leased building becomes defective or demonstrates signs of construction defects leading to fear of its collapse, or if the building is closed by the public authority for any reason, in case of public auction of the said building or other similar situations. 2. The Tenant will also have the right to terminate the contract unilaterally but with one month notice in writing served to the Landlord when the leased building becomes insufficient or inadequate for needs of that time. For the Landlord The Landlord will have the possibility to terminate the contract unilaterally and at any time during the term of the contract, with a one month notice in the following cases 4. When the Tenant fails to pay rental fees like provided under Article 3 of this contract. 2. Bad behaviour to the society and to the land lord. &2. When there is an auction of the leased house. Inall cases, the landlord must return all fees received in advance from the tenant for the term not consumed. Apart from these two cases, the landlord has no right to unilaterally terminate the contract for any other reason without repairing losses and damages that the Tenant may suffer. In this case, the parties could meet for an agreed solution depending on the circumstance. Article 6: The works carried out on the leased building and its handover 1. Major repairs will be carried out by the Landlord or the tenant after permission of the Tandlord, In the later case, the Tenant shall, to the extent possible, provide supporting documentation of the cost of repairs to the Landlord, and that cost will be deducted from the next quarterly payment of rental fees, 2. Other works that are not connected to repairs of the leased building, but necessary for the fulfilment of the mission of the Tenant, which are also in the interest of the good Preservation of the building will be carried out to the Tenant's expense but with the Possibility of deducting them in future payments. 3. The tenant has the obligation to retum the property in the good condition like it was received with all its keys. This status or conditions of the building must be described in the statement drawn by the Landlord accepted by the Tenant at the moment of signature of the contract and handing of the keys. Article 7: Other Charges Water & Electricity consumed by tenant would be paid by tenant during the contractual period. Article 8: Good neighbourhood The Tenant shall maintain, at all levels, good relations with its neighbours and administrative authorities and avoid any kind of conflict on the Landlord, through the fault of the Tenant.Article 9: Insurance 1 All insurance obligations over the leased bui Landlord. Article 10: Access of the landlord to the leased building During the lease period, the Landlord shall have the right of regular visit of the premises by giving a notice to the Tenant. Article 11: Prohibition of retention of rental fees or sequestration The Tenant shall not retain rental fees due to the Landlord except deductions provided under anicle 5 of this contract relating to different works paid by the Tenant, The Landlord is in no case permitted to withhold or seize assets or employees of the Tenant for any reason whatsoever. Article 12: Confidentiality This contract is strictly confidential. It cannot be disclosed to anyone, except when the police requirement for a survey, tax authorities or other competent authority or to an audit of taxes or other administrative reason. Article13: Disputes settlement The contracting parties will settle any dispute between them through a negotiated solution, if there is no obstacle or an obvious unwillingness of any of the parties to negotiate. Ifan amicable solution is not reached, the aggrieved party shall have the right to bring the dispute before competent courts in Rwanda.Attticle 14: The entry into force and possession of the contract ‘This bilateral contract comes into force upon its signature by both parties It is made in two originals and each party retains its copy, however the rent period starts its effectiveness from Ist of January 2023, Done at Kigali 05th /11/2022 For the Landlord For the Tenant Mme MUNGANYINKA Aimée Adisa FEMA PHARMACY Represented by FEZA MARTINE Keene a 0 [s ra