Deed of Surrender and Termination of Lease

DEED OF SURRENDER AND TERMINATION OF LEASE

This Deed of Surrender and Termination of Lease ("Deed") is made at Bengaluru, Andhra Pradesh, on 1 April 2026.

BETWEEN

Sunrise Estates Private Limited, an individual, of X, PAN AABCS1234F (the "Lessor", which expression includes its successors in interest and permitted assigns) of the ONE PART;

AND

Northline Technologies Private Limited, an individual, of X, PAN X (the "Lessee", which expression includes its successors in interest and permitted assigns) of the OTHER PART.

AND

X, of X (the "Guarantor"), who joins in this Deed for the limited purpose of taking the benefit of the release of its guarantee recorded below.

The Lessor and the Lessee are each referred to as a "Party" and together as the "Parties".

RECITALS

A. By a Deed of Lease dated 2 April 2026, registered with the Sub-Registrar, Gandhi Nagar, as Document No. 4521 of 2022 (the "Lease"), the Lessor demised to the Lessee the premises described in Recital B (the "Premises") for a term commencing on 3 April 2026 and expiring on 4 April 2026, to be used for office purposes.

B. The Premises are: Unit 402, 4th Floor, Meridian Tower, 18 Residency Road, Bengaluru 560025, admeasuring 4,250 sq ft of chargeable area, together with 4 car parking bays in the basement.

C. The monthly rent payable under the Lease immediately before the date of this Deed is ₹4,25,000 (Rupees Four Lakh Twenty Five Thousand only). The Lessor holds a refundable security deposit of ₹25,50,000 (Rupees Twenty Five Lakh Fifty Thousand only) paid by the Lessee under the Lease (the "Security Deposit").

D. The Lessee has requested the Lessor to accept a surrender of the Lease before its scheduled expiry, and the Lessor has agreed to accept that surrender on the terms recorded in this Deed.

E. The Parties now wish to record the surrender of the Lease, the settlement of all amounts between them, and their mutual release.

NOW THIS DEED WITNESSES as follows:

1. SURRENDER AND TERMINATION

1.1 In consideration of the mutual covenants recorded in this Deed, the Lessee surrenders to the Lessor, and the Lessor accepts, the whole of the Lessee's leasehold interest in the Premises under the Lease, with effect from the close of business on 5 April 2026 (the "Surrender Date").

1.2 With effect from the Surrender Date the Lease shall stand determined by express surrender within the meaning of section 111(e) of the Transfer of Property Act, 1882, and shall cease to have effect, save for those provisions of the Lease which are expressed to survive its determination and are not inconsistent with this Deed, and save for the accrued rights and liabilities settled by this Deed.

1.3 Except where this Deed provides that two obligations are to be performed simultaneously, neither Party may withhold performance of an obligation that has fallen due on the ground that the other Party has not performed an obligation that has not yet fallen due.

1. RENT AND OUTGOINGS TO THE SURRENDER DATE

2.1 Rent under the Lease has been paid up to 6 April 2026.

2.2 Rent, common area maintenance charges, property tax reimbursements, electricity, water and all other outgoings payable by the Lessee under the Lease shall be borne by the Lessee up to and including the Surrender Date, and by the Lessor for the period after it. An amount falling due for a period straddling the Surrender Date shall be apportioned on a daily basis.

The Parties have computed the balance payable by the Lessee for the period up to the Surrender Date at ₹3,18,500 (Rupees Three Lakh Eighteen Thousand Five Hundred only), which the Lessee shall pay, or allow to be adjusted as provided in this Deed, on or before the Surrender Date. That amount is made up as follows: Rent 1-18 October: Rs 246,774; CAM to 18 October: Rs 51,726; electricity as per final meter reading: Rs 20,000.

2.3 Each Party shall, on request, produce receipts, invoices and statements supporting the amounts settled under this clause.

1. GOODS AND SERVICES TAX

3.1 The Lessor is registered under GST and shall raise a tax invoice; GST on the amounts payable under this Deed is payable by the Lessee in addition to those amounts.

The Lessor's GSTIN is X.

3.2 The Parties shall issue, retain and file such invoices, credit notes, returns and other documents as are required to give effect to this clause and to enable either Party to claim any input tax credit lawfully available to it.

1. TAX DEDUCTED AT SOURCE

4.1 The Lessee shall deduct tax at source on rent under section 194-I of the Income-tax Act, 1961, deposit it within the prescribed time and issue Form 16A to the Lessor.

4.2 Any amount deducted at source and deposited with the Government shall be treated, to that extent, as payment made to the Lessor, and the Lessee shall furnish the certificate of deduction within the time prescribed. If a deduction is later found to have been made in excess of what the law required, the Lessor's remedy is to claim credit or refund in its return of income, and the Lessee shall provide reasonable assistance.

1. LOCK-IN, EARLY EXIT AND INDUCEMENTS

5.1 Save as expressly provided in this clause, neither Party shall have any claim against the other by reason only of the Lease ending before its scheduled expiry on 4 April 2026.

The Lease provided for a lock-in period expiring on 7 April 2026. The Surrender Date falls before the end of that period, and the Lessor has agreed to accept a surrender within the lock-in on the terms of this Deed.

The Lessee shall bear lock-in compensation of ₹12,75,000 (Rupees Twelve Lakh Seventy Five Thousand only) for the Lease ending before its scheduled expiry. That sum shall be paid by the Lessee to the Lessor on or before the Surrender Date.