Lease Agreement

(In accordance with the provisions of law 159/92)

I- Special Conditions:
City: Jbeil
Area: Near Notre-Dame Maritime Hospital
Property: Third Floor-Office 15
Pearl Byblos Building

Description of the premises: Unfurnished office on the Third Floor (3rd) of

Pearl Byblos building erected in Byblos, consisting of: an entrance Lobby/waiting
area, an office area, a Pantry, and 2 bathrooms.
Lessor’s name:
Mrs. Larissa El Hachem (represented by Mrs.Claude El Hachem)
Lebanese, owner of the premise according to the deed of property.
Mobile Phone: 70103196
Email: jtelhachem@gmail.com

Lessee’s name:
Mr. Walid Abi Ramia
Lebanese, electing residence at the mentioned leased local, to notify and to
receive notification.
Mobile:70402135
Email: @gmail.com

Lease duration: 3 Years

Starting on 1 December 2023 and ending on 30 November 2026, according to the
provisions of Law No 159/92.
At the end of the contractual period, the Lessee shall deliver the Leased Property located
at the First Floor (3rd) of Pearl Byblos building erected in Jbeil, vacant as received.

If the Lessee wishes to renew the Agreement, he shall then agree with the Lessor upon
the terms and conditions of a new contract determined solely by the Lessor.
The monthly rent: USD/400/ (Four Hundred American Dollars Only).

The Intended use of the premise:

Office use

Commencement date of the lease:

1 December 2023

Method of payment:
One payment in advance covering 3 months and equivalent to USD / 1200 / (One thousand
and two Hundred American Dollars Only), paid in cash upon signature and each Quarter.
Deposit:
The lessee shall pay to the lessor upon signature of this lease contract a deposit
amounting Eight Hundred American Dollars Only (800 USD) paid upon signature by
USD cash only.
Such deposit will be withheld by the lessor and refunded to the lessee at the end
of the lease contract less any reasonable deductions properly made by the lessor
to cover repairs caused to the office or its kitchen or furniture by the lessee.

Present state of the premise:

Original condition according to the physical examination of the lessee. An email
will be sent with photos detailing the state of the premise and contents to be approved by
both parties on the handover day.

II- General Conditions

Article 1:
The rent shall be paid to the lessor by cash USD Only
The lessee shall not delay the payment for any reasons. For any delay exceeding two weeks
in payment, the lessor is entitled to terminate definitively this agreement on the lessee's
responsibility and notify him by registered letter with acknowledgment of receipt according
to article 12.
Article 2:
At the end of the agreement, the lessee undertakes to give back to the lessor the keys
of the leased estate, and to leave the premises by removing all his personal objects. The
lessee should deliver the real estate as he received it in original condition, subject to
damages due to force major and needless to any notification or any other procedure,
under the penalty of illegal occupancy of the lease and with all the other legal
sequences mentioned in Article 12 of this Contract.

Article 3:
The lessee undertakes to keep in good repair all the installations, and shall change
at his own expense any damaged or destroyed part because of its misuse after 48
hours of signing the contract and full preview of the tenant to the apartment.

Article 4:
Any changes to the interior or to the exterior of the premises can only be
undertaken with the lessor’s written consent and the lessee shall not claim for any kind
of compensation for the works carried out with the approval of the lessor. However, the
lessee is expressly forbidden under the terms of this agreement, to install poles, to
make holes in all wood frames and flooring inside the property, to open or to block
windows, arcades and doors , to carry out demolitions or constructions or other
works modifying the initial shape of the leased estate’s.

Article 5:
If the lessor wishes to proceed to repairs in the building, urgent or not, the lessee shall
allow the person in charge to go into the leased estate.
However, the lessee is to be informed 24 hours at least in advance for urgent works and
five days in advance for non-urgent works in this case, appropriate security measures
should be taken in consideration. As well, it is the right to the lessor or his representative to
visit and check the property after informing the tenant before 24 hours.
Article 6:
If the lessee suffers a disturbance from a third party, he shall complain to the author of the
disturbance and the lessor shall not, in any case be responsible, with the exception of
disturbances resulting from the under structure of the building; in which case the
lessor stays responsible and shall take the required arrangements to put an end to the said
disturbances.
Article 7:
The lessee is absolutely forbidden to assign all or part of his rights resulting from this
agreement, or to sublease all or part of the leased estate. The lessor is not requested to
justify his prohibition and is entitled in this case, to terminate the present agreement
at the lessee’s responsibility and ask the lessee to leave the property directly.
Article 8:
The lessee is forbidden to disturb the neighbors. He shall take all necessary safety
measures regarding the possession of inflammable materials for domestic use. He is
guarantor and responsible for any damage resulting from his own negligence or the gross
negligence of his family.

Article 9:
The lessor undertakes to secure the supply of the rented premises with water and electricity,
from the public services.
The lessee shall settle the maintenance charges of the building and its common areas, bills for
water, electricity, Generator, TV cable and basic internet for personal use.
All the invoices to the electricity consumption are to be borne by the lessee as from the
commencement date of the lease. Outstanding bills at the date of signature of the present
contract are of the lessor responsibility.

Article 10:
In the event of a sale or transfer of property or the creation of a mortgage or any other
encumbrances affecting the premises, the lessor warrants that the Lease terms and
conditions shall remain in full force without prejudice to any rights or remedies the lessee
may have hereunder.
Article 11:
This agreement shall be governed by and constructed in accordance with the Lebanese
laws. Any dispute, controversy or claim arising out of or relating to this contract or
breach, termination or invalidity thereof shall be finally settled by the Judge of urgent
matters in Beirut.

Article 12:
Any violation by either Party to any of the provisions of the present agreement
(including the rent payment and/or the repair of damages) shall entitle the other Party
to deem the agreement terminated at the liability of the defaulting Party, following
the delivery of a notice to remedy to every default or violation.
The defaulting Party shall have 30 (thirty) days as from the notification of the notice to
remedy every stipulated default or violation.

In the event the defaulting Party fails to remedy to the default or violation during the
said period, he shall be deemed to have committed a major breach of the present
contract, and the other Party shall have the right to terminate the contract with immediate
effect, at the defaulting Party’s’ sole responsibility without the need to any further
notice or judicial or non-judicial recourse.
Article 13:
The Parties’ domicile shall be as stated in the preamble of this Lease Contract.
Any notice delivered to that address would be deemed to have been duly and legally
served on him. Any change of address shall be notified to the other party in writing.
Article 14:
The lessor stated that he is legally authorized to lease the premises, subject of this
contract, and to receive the rents. The lessor also undertakes to bear all responsibility
towards the lessee and any third party concerning any claim or legal action related to the
Lease.

Article 15:
This agreement supersedes all prior oral or written agreement, if any, between the
parties and constitutes the entire agreement between the parties. In case of
discrepancy concerning the understanding or interpretation of any of the above articles,
Arabic text shall be considered.

Article 16:
This contract was made and signed by both parties without any reservation on its content
in two original copies to be used whenever needed.

The Lessor
Mrs.Larissa El HAchem/Mrs.Claude El Hachem

The Lessee
Mr.Walid Abi Ramia