(Sale of Tenanted Commercial Property)
Date: 1 April 2026
Place: Ludhiana
To
Silverline Estates LLP
Plot No. 12, Industrial Area Phase II, Chandigarh 160002
And to Punjab National Bank, Model Town Branch, Ludhiana, as the Buyer's lender
Re: Tenancy of Showroom No. 14, Ground Floor, Feroze Gandhi Market, Ludhiana 141001, Ludhiana
A. Bluepeak Retail Solutions Private Limited, an individual, of Showroom No. 14, Ground Floor, Feroze Gandhi Market, Ludhiana 141001 ("the Tenant") is in occupation of Showroom No. 14, Ground Floor, Feroze Gandhi Market, Ludhiana 141001, Ludhiana, in the State of Punjab ("the Premises") under the Lease identified in Clause 1 below.
B. Grewal Commercial Properties Private Limited, an individual, of SCO 45, Sector 34-A, Chandigarh 160022 ("the Landlord") is the landlord under the Lease.
C. The Landlord is selling, or has agreed to sell, the Premises to Silverline Estates LLP, an individual, of Plot No. 12, Industrial Area Phase II, Chandigarh 160002 ("the Buyer"), subject to the Tenant's continuing occupation under the Lease. That sale is recorded in an Agreement to Sell (Tenanted Commercial Property) between the Landlord and the Buyer dated 4 April 2026, under which the Landlord has undertaken to procure this Certificate from the Tenant.
D. This Certificate is one of five documents drafted for a sale of tenanted commercial property of this kind in Punjab and in Chandigarh: the Agreement to Sell (Tenanted Commercial Property) itself, between the Landlord and the Buyer; a Tenant Attornment Letter, signed by the Landlord and the Buyer and addressed to the Tenant, redirecting Rent to the Buyer after completion; a Rent Assignment Letter to New Buyer and a Security Deposit Transfer Letter, both between the Landlord and the Buyer, dealing with Rent and the security deposit respectively as between themselves; and this Certificate, the only one of the five that the Tenant itself signs. This Certificate does not restate, and is not a substitute for, any of the other four.
E. The Buyer, and Punjab National Bank, Model Town Branch, Ludhiana as the Buyer's lender, will rely on the certifications in this Certificate in deciding whether, and on what terms, to complete the purchase of the Premises. The Tenant gives this Certificate for that purpose, knowing that it will be relied on.
NOW THE TENANT CERTIFIES as follows.
1.1 The Tenant holds the Premises under a registered Lease Deed dated 2 April 2026, registered as document no. 4102/2023, registered on 5 June 2023 at the office of the Sub-Registrar, Ludhiana (East) between the Landlord as landlord and the Tenant as tenant ("the Lease"), for a term of Nine years, commencing 1 June 2023, expiring on 5 April 2026.
1.2 The Lease gives the Tenant no option or right of any kind to renew or extend the Lease beyond the expiry date stated above.
2.1 The Lease is the entire and only agreement between the Tenant and the Landlord concerning the Tenant's occupation of the Premises, and has not been amended, modified, supplemented or varied by any other agreement, letter or understanding, written or oral, except as recorded in the Lease itself.