LICENCE FOR THE USE OF COMMON AREAS
IN _________ PLAZA (PVT) LTD
AGREEMENT FOR THE LEASE OF ADVERTISEMENT
THIS AGREEMENT made on this 06th May
day of Two Thousand and Eleven
between the ________ PLAZA (PVT) LTD CORPORATION CONDOMINIUM PLAN NO.3454
a body incorporated under the Apartment Ownership law Amendment Act No.45 of
1982 having its Registered Office at the First Floor (New Wing) ________ PLAZA (PVT) LTD
250, R.A.De Samarasekara Mawatha Colombo - 13 in the Democratic Socialist Republic of
Sri Lanka [hereinafter referred to as "the Corporation" which term
where the context so requires or admits shall mean and include the said ________ PLAZA (PVT) LTD its successors and assigns] of the ONE PART and _________ TRADING (PVT) LTD of No.14, De
Fonseka Place, Colombo 13, carrying in the said Republic [hereinafter called and
referred to as "The User" which term shall where the context
so requires or admits shall mean and include the said Softlogic Trading (Pvt)
Ltd and her heirs executors and administrators ] of the OTHER PART.
W I T N E S S E T H
WHEREAS the ________ PLAZA (PVT) LTDis the owner of the
common areas of the property called "LIBERTY
PLAZA" situated at No.250, R.A.De Samarasekara Mawatha Colombo - 13 [hereinafter referred to as “the Premises"].
AND WHEREAS the ________ PLAZA (PVT) LTD has agreed to grant a
licence to the User to display an advertisement [hereinafter called and
referred to as " the advertisement"] on the three towers facing 250, R.A.De Samarasekara Mawatha Colombo - 13 and two escaletors
within the liberty plaza complex as agreed by the parties hereto.
NOW THIS AGREEMENT WITNESSETH AND IT IS HEREBY AGREED BY
AND BETWEEN THE PARTIES HERETO AS FOLLOWS: -
1.
The ________ PLAZA (PVT) LTD hereby grants a licence to
the licensee to display an Advertisement at the place demarcated by the ________ PLAZA (PVT) LTD for a period in the said premises for a period
commencing from the 06th May 2011 and ending
on 05th November 2011.
(a)
The user Covenants and agrees to pay the corporation a sum of Rs
1,508,559.36 (Rs. 1.32 M plus Taxes) for this six months period. Any other
impositions or levies payable to the government will apply.
(b)
If the hoardings are to be lit up, ________ Trading
(Pvt) Ltd has to pay the Corporation for electricity consumed, at Rs. 45/- per unit(K Whr), together with VAT and/or any
other , impositions or levies payable to the government.
2.
At the end of each six months
period if the user does not opt to renew, at a Lease Rent and terms
and conditions determined at that time, by the Liberty Plaza ________ PLAZA (PVT) LTD, occupant will have to vacate premises.
3.
The User shall not display any advertisement or sign
that may be contrary to the law morality or offend any religious susceptibility
of any member of the Public or which in opinion of the Corporation is in
conflict with the interests of the ________ PLAZA (PVT) LTD or any occupants at ________ PLAZA (PVT) LTD. The User further agrees and
undertakes to abide by the decision of the ________ PLAZA (PVT) LTD in this regard which
shall be final conclusive and binding.
4.
The Corporation shall not be liable in any way for any
damage howsoever caused to any advertisement or structure due to voltage
fluctuation, water damage or any other natural cause or reason.
5.
In the event of prohibitions of exhibiting any
advertisement at the said location by any authority or institution that is
beyond the control of the ________ PLAZA (PVT) LTD. The ________ PLAZA (PVT) LTD shall not be liable for
any expenses damages or loss of income or profits incurred by the User.
6.
Any notice with regard to these presents shall be in
writing and shall be sufficiently served on the parties if left addressed to
them to their respective Registered Office addresses.
7.
Either party may terminate these presents prior to the
expiry of this agreement by giving two (2) calendar months notice in writing of
their intention of terminating these presents and in such event this agreement
shall stand determined and terminated.
8.
If the user breaches any of the term, the ________ PLAZA (PVT) LTD
shall be entitled to withdraw electricity or any other facilities supplied to
the user.
9.
If the user fails to pay in full, in advance, for the
period of renewal, the Corporation reserves the right to terminate the contract
and remove the advertisement and sell this space to another advertiser.
THE COMMON SEAL OF THE WITHINNAMED ]
________ PLAZA (PVT) LTD ]
CONDOMINIUM PLAN NO.3454 is hereto ]
Affixed in the presence of RATNAPALA TISERA ]
and RATHOTIGE KAMANTHA who do attest the sealing thereof ]
WITNESSES:
1:
2:
THE COMMON SEAL OF THE
WITHINNAMED ]
________ TRADING (PVT) LTD is hereto affixed
in]
the presence of MR. ROSHAN PERERA……………
]
who do attest the sealing hereof ]
WITNESSES:
1.
2.