Contract no.

__________________ Duplicate Copy

Area lease contract
Written at Pantip Building, Ngam Wong Wan
1st June, 2018
This land lease contract; hereinafter referred to as the “lease contract” is made between
Asset World Retail Co., Ltd., the office is located at no. 1 Empire Tower Building, 52 nd floor,
South Sathorn Road, Yannawa Sub-District, Sathorn District, Bangkok; hereinafter referred to as the
“lessor” of one party, and
Mrs. Pimtisa Poncharoen [identification no. 3-5004-00435-58-6], the office is located at the
house no. 87/94 Village no. 2, Alley no. -, Building -, -Road, Bangplub Sub-District, Pakkred District,
Nonthaburi Province; hereinafter referred to as the “lessee” of another party.
Both parties have agreed to enter into this lease contract with the following details:
Article 1. Lease area
The lessor agrees to lease and the lessee agrees to rent the area from the lessor as it is
specified in Part 1 of the appendix 1 and the lease area diagram specified in appendix 2; hereinafter
referred to as the “lease area.”
Article 2. The delivery of lease area and term of lease
2.1 The delivery of lease area as specified in part 2 of appendix 1; hereinafter referred to as
the “delivery of the lease area.”
2.2 This lease contract has the term of lease as specified in part 3 of appendix 1; hereinafter
referred to as the “term of lease.”
In the case that the term of lease is due, if the lessee still wants to use the area in the future
without being notified by the lessor, it shall not be deemed that this contract is renewed automatically
or without term.
If the lessee wishes to lease the area future when the term of lease has expired, the lessee shall
inform in writing to the lessor in advance for no less than 60 (sixty) days before the term under this
contract is expired to consider about the conditions and details before making a new contract in the
future.

-Signature-
Page 1/10

Article 3. The rental fee and payment

 The lessee agrees to pay the rental fee monthly to the lessor in the rate as specified in part 4 of
appendix 1; hereinafter referred in this contract as “rental fee and payment” by paying in advance
within the 5th (fifth) day of the month at the office of the lessor.
In the case that the lessor has provided the service that the employee of the lessor collect the
rental fee from the lessee himself, it shall not be deemed as to waive to exempt the duty of the lessee
to bring the rental fee to pay at the office of the lessor.
Article 4. The security deposit for the rental fee
The lessee agrees to pay money to the lessor as specified in part 5 of appendix 1; hereinafter
referred to as the “security deposit for the rental fee” as the security deposit, and such money shall be
returned to the lessee without having interest when this contract is expired.
In the case that damages have occurred, the lesser has the right to set-off the debts.
Article 5. The objective of rent
5.1 The lessee shall conduct the business and use the name of the business as specified in this
contract only, and the business shall be conducted by himself without allowing any third parties to use
benefits of the leased area whether the remuneration is received or not. The change of business and/or
name of the business shall be deemed as sub-lease.
5.2 The lessee has the right to use benefits in this business only within the leased area only
and the lessee shall not use or allow other third parties to use the leased area as the residence.
5.3 The lessee shall conduct the business in the leased area under the term specified by the
lessor by entering and going out of the leased area as specified in part 6 of appendix 1; hereinafter
referred to as the “entering and existing time of the leased area.” If the lessee has the necessity to use
the leased area upon such time, the lessee shall be consented in writing from the lessor.
Article 6. Rights and duties of the lessee
6.1 The lessee is prohibited to produce, distribute, present, or having for distribution, use, or
support, or do any actions to violate goods or other copyright, trademark, or patent of others under the
law of intellectual property.
6.2 It is prohibited to sell goods, stuff, flammable and other illegal objects, enter or distribute
in the rental area, or when the lessor considers that goods, or objects are inappropriate in the rental
area. The lessee must move the items out of the rental area immediately.
6.3 No lessees should cook or allow any person to cook in the rental area; unless, the lessee
operates a restaurant, restaurant, which has to provide deodorizing and smoke equipment with
firefighting equipment and wastewater disposal systems or sewage to be hygienic and sanitary as
specified by law.
6.4 The Lessee is prohibited to bring any items or objects that are overweight than specified
by the Lessor as specified in part 7 of Appendix 1, hereinafter referred to in this lease contract as
"limited weight" into the rental area is strictly prohibited.
6.5 No lessees shall do any act that is dangerous to health or objectionable, or causing
annoyance to other lessees and the general public and lessees must maintain cleanliness within the
rental area and external areas that continue with the rental area to be hygienically in accordance with
the law.
 6.6 The lessees are not allowed to add, decorate, construct or modify the rental area, including
installing billboards or colors, lights, whether outside or inside the building; unless, the lessor
provides the written consent.
When this lease is terminated or terminated in any case whatsoever the lessee agrees to allow
such additions, decorations, construction or alterations to be made and attached and cannot be
dismantled without causing damage to the rental area, whether or not with consent of the lessor, shall
become an integral part of the rental area and shall be the property of the lessor immediately in which
the lessee agrees to not claim compensation and any damages at all. The lessor has the right to
consider whether to accept or demolish the lessees and renovate the area to its original condition at the
expense of the lessee himself or consider otherwise as it deems appropriate.
6.7 The lessee is not allowed to sublet the whole or part of the rental space to another person
to sublet or transfer the rights and duties or use the rights under this lease as collateral for any With
banks or other persons, whether directly or indirectly; unless, the lessor provides the written consent.
The lessee has to pay remuneration as specified by the lessor.
6.8 The lessee certifies that, while entrusting the rental space, the rental area is in good
condition and all of the lessor's attachments, decorations, or equipment are in good condition and are
not lost or damaged in any way.
6.9 In the event of necessity or emergency, the lessee agrees to allow the lessor or the lessor's
agent to inspect the rental area at any time without prior notice.
6.10 In the case of rental space or equipment within the rental area is lost or damaged, the
lessee must repair the said damaged property at the expense of the lessee himself. The lessee must
follow the advice of the lessor. If the lessee does not repair the defects or does not follow the
instructions of the lessor within the time specified, the lessor has the right to enter the rental area and
manage the repairs themselves, and the lessee agrees to pay the said repair expenses, as the lessor has
paid in advance.
6.11 In the event that the lessee wishes to take the property out of the leased area, the lessee
agrees to have the security officer or the lessor's agent conduct a search and/or delay the property
suspected of not belonging to the lessee to wait to prove the rights.
6.12 The lessee agrees not to cease the business operation for each consecutive day for more
than 3 (three) days and must not stop the business for more than 3 (three) days per year. If the lessee
violates, the Lessee agrees to adjust the rates as specified in part 8, Appendix 1, hereinafter referred to
as "Cessation of business" unless , the lessee has notified the reason for the cessation of business at
least 7 (seven) days in advance and must also receive the written consent from the lessor.
6.13 The lessee must provide non-life insurance for their property within the rental space
throughout the rental period. In which the lessor is a joint beneficiary and the lessee must notify in
writing and send a copy of the insurance policy to the lessor as evidence within 30 (thirty) days from
the commencement of the rental period. The lessee must have liability insurance against third parties
to be responsible for the life, body, and property of a third party. When any damage occurs within the
rental area throughout the rental period with insurance coverage as specified in part 9, Annex 1,
hereinafter referred to as "Third party liability insurance" with the lessor being a joint beneficiary, the
lessee must notify in writing and send a copy of the insurance policy to the lessor as evidence within
30 (thirty) days from the beginning of the rental period.
6.14 This lessee shall sign on this contract within 7 (seven) days from the date of receiving
the notification letter from the lessor. If such term is exceeded, the lessee still negligent and does not
sign on this contract, it shall be deemed that the lease under the booking contract and this lease
contract shall be terminated immediately.
6.15 In this case that there is the rental security deposit or other money that the lessee has the
right to receive it back from the lessor, if the lessee does not pick the money within 60 (sixty) days
from the date informed in writing from the lessor, the lessee agrees that the money that he has the
right to get it back shall be under the ownership of the lessor immediately.
6.16 For the whole term of the lease, if such rental security deposit is reduced, the lessee
agrees to add money to make it meets the full amount within 7 (seven) days from the date informed in
writing from the lessor.
6.17 The lessee understood clearly that such rental security deposit is not the advance
payment, and the lessee shall not claim that the deposit can be used instead of the payment of the
rental fee under the lease contract.
6.18 In the case that the lessee has the outstanding debts or the case that there is any damage,
the lessee agrees that the lessor shall use the security deposit on the service and utility under service
contract and common area service contract to set-off all outstanding debts and/or other damages.
Article 7. Other rights and duties of the lessor
7.1 The lessor has the right to install devices in the rental area for the benefit of the lessees
themselves or those of other lessees or of the lessor, or for the benefit of repairs, maintenance of
buildings, projects or equipment.
7.2 In the event that the lessor wishes to repair the project building during the lease term
under this lease, if it appears that the said lease repair, causing the lessee to not be able to use the
rental space, the lessor has the right to terminate this lease by giving a written notice at least 60 (sixty)
days in advance, and the lessor is not considered as the one who breaches the contract.
Article 8 The exemption for the liability
In the case that the damages occurred to the assets in the leased area due to the deteriorate of
the leased area or damages due to the act of the third parties, the lessor does not need to take
responsibilities on any occurred damages.
Article 9. The breach of the lease contract
In the case that the lessee breaches any one or other conditions in this contract, the lessor has
the right to enforce the lessee to comply with the lease contract and call for damages, or the lessor has
the right to terminate the lease contract and call for the damages immediately. In addition, the lessee
agrees that the lessor shall seize the rental deposit and other money given to the lessor as well as
suspending the electric current, water supply, gas, telephone, and services. The lessee agrees not to
claim for damages.
Article 10. The termination of the contract
The lessor has the right to terminate this contract immediately without informing in advance
in the following cases:
10.1 When the lessee breaches the lease contract for any one or many conditions;
10.2 When the lessee died or insolvent, went bankrupt, under receivership in the bankruptcy
case or liquidation under bankruptcy law or company liquidation as the case maybe.
 Thus, it shall not waive the right of the lessor to claim for any damages from the lessee
occurred from this lease contract, common area, terminate, or cancel, or when the lease area service
contract and common area contract are terminated or ended, this contract shall be terminated or ended
as well.
Article 11. Taxes
11.1 The lessee agrees to pay for revenue stamp of this lease contract;
11.12 The lessee agrees to pay for the property tax or land and building tax, or taxes collected
in the same condition under the proportion of the number of leased area for the whole term under this
lease contract.
Article 12 Fine penalty
If the lessee has a default on debt payment under this contract, the lessee agreed that the
lessor shall claim for the fine penalty from the lessee in the rate of 1.25 (one point two five) per month
from the outstanding debts from the date of breaching until it is fully paid.
Article 13 The return of the leased area
When this lease is terminated or ended regardless of any circumstances, the lessee agrees to
renounce the possession rights and immediately return the possession of the leased area to the lessor
and under Article 6.6, paragraph two, of this lease. The lessee must move the property and arrange for
his followers to leave the rental area completely at the expense of the lessee.
To take back the space occupied by the lessor, if there are doors or other objects blocking the
rental area, the lessor has the right to open the door of the rental area or to take any action to enter the
rental area as well as to lock and lock the rental door. The lessor has the right to move the said assets
out to other locations, and the lessee agrees to be liable to pay the moving fee and the said collection
fee. If the lessee does not return the said property and does not pay compensate transportation fees,
and the fee is collected to the lessor within 60 (sixty) days from the date of receipt of a written notice
from the lessor, the lessee agrees to renounce all ownership of the said property and agree that all the
property becomes the property of the lessor immediately. The lessee agrees not to demand any
expenses at all.
In occupying the leased area of the lessor under this lease, if it causes damages to any
property of the lessee, the lessee agrees to not demand any damages from the lessor, and the lessor is
not liable for any civil or criminal cases.
Article 14 Notification
The lessee agrees that the project building and the leased area under this lease are another
domicile of the lessee, and any notice that the lessor has to the lessee when delivered or posted openly
at the building and/or leased area, or when the lessor sends a notice by registered letter to the rental
area, it shall be considered as a rightful delivery and considered that the lessee already acknowledged
such message.
Article 15 The consent of the lessor
Any contractual agreement in this lease that prohibits the lessee to do any actions; unless it is
consented by the lessor must always be made in writing.
In the case that the tenant has done any action which is a prohibition under paragraph one,
and the lessor did not claim, it shall be deemed that the lessor agrees or has not waived the rights
under that lease contract.
 Article 16 The incomplete of the lease conditions
If any conditions in the lease contract or any conditions in this lease contract is incomplete or
void, both parties agree to allow other conditions in this contract to be valid by separating the
incomplete part from the complete part.
Article 17 The interpretation
In the case that this contract is made in Thai and English, if there is any conflict between Thai
and English version, the Thai version shall prevail.
[Both parties signed on the next page]
This contract is made in 2 (two) copies with the same and correct details. Both parties have
read and understood all details thoroughly, so they have executed their signatures and affixed seals (if
any) as evidence.

Signed____________________________ The lessor

(Mrs. Napapha Rattanapan, Mrs. Surawadee Chatwichien)
The duthorized persons of Asset World Retail Co., Ltd.
Signed -Signature- The lessee
(Mrs. Pimtisa Poncharoen)
Signed -Signature- The witness
(Miss Saowaluck Phumuen)
Signed -Signature- The witness
(Miss Supasuta Wongsaroj)