October 11, 2015 05:24 PM

161/O/061199

Tanvir Ahmed

This NFA is in
'Close' State.

Amendment
of Lease
Agreement
for MSC 1
Dhaka
Square
Airtel BD|HR
Category :
Admin
Expenses
/ Office
Equipment ...
NFA Type :
Non Sourcing

Value : BDT 1.4452m

Approvals Status
S.No

Approver's Name

Status

Approval Date

1
2
3
4
5

Humayun Kabir
Maria Huq
Jayeshkumar Bhagvandas Patel
Indradip Mazumdar
P D Sarma

Approved
Approved
Approved
Approved
Approved

October 13, 2015 10:20 AM

October 13, 2015 01:23 PM
October 17, 2015 03:01 PM
October 19, 2015 10:29 AM
October 19, 2015 01:47 PM

Approver's Comment
S.No

Approver's Comment

According to agreement clause for our MSC-1 & Data Centre located at Dhaka Square with Mr.
Hayatuzzaman rent will be increased @15% every after two yrs.As per the discussion & agreement
with land lord now we are due to increse the house rent.
Approved based on the current contract with the land owner.
Ok
OK
OK

2
3
4
5

Decision Question
Select
the
natureOther Expense capex/Opex
of
NFA

Decision Question
Is proposed product budgeted in
AOP?

Yes

Cost Related Section

Cost Impact as per NFA

BDT 1,445,228 per month whereas earlier rental was BDT

1,339,520

Background of Activity

Refer to the clause no. 3. ii of the agreement with Mr. A. T. M.

Hayatuzzaman for the premise of MSC-1 & Data Centre, Dhaka
Square, Uttara; we were to review rental increment @ every 4
years of tenure commencing from 1st October, 2011. As per
same clause of the agreement, rent will be increased @15%

were able to keep the rate of increment same as the

incremental clause i.e.15% after discussion with the owner.
Apart from the this understanding, we have released space of
1,800 sft from the 8th floor of the building. So, overall space at
the premise has reduced to 27,320 sft which was earlier 29,120
sft. In order to capture above changes, legal team has
suggested to amend the said agreement. Detail of commercial
impact and reference clause is attached with this approval.
Objective/ Reasons for Initiating/
Renewing the Activity

Amendment of Lease Agreement due to releasing 1,800 sft

space from rooftop and increase in monthly rental as per
clause.

(Process Mandate/ Routine Activity/

Business Benefits etc.)

Process Mandate

Location/Region of Activity

Dhaka Square, Uttara

Key KPIs Impacted

N/A

Key Processes Impacted

N/A

Cost Break-up

BDT 1,445,228 for the space of 27,320 sft. Rental for the space
is BDT 52.9 / sft whereas the earlier rate was BDT 46 / sft.

Vendor details Section

Vendor details: (If applicable)

Mr. A. T. M. Hayatuzzaman Khan

Name of Vendor Selected

Mr. A. T. M. Hayatuzzaman Khan

Criteria for Selection

As per Agreement Clause No. 3. ii

Terms & Conditions of Payout

Payment will be made as per agreement i.e. yearly in advance.

Payout structure(Per seat basis/ Performance slabs)

Fixed
Claw-back clause

Cost-Benefit Analysis
Revenue Upside
Opex savings (pls specify)
Capex Savings (pls specify)

N/A

Additional Attachments/Other Justification

Justification

Seeking your kind approval to amend the lease and release the
rental to owner for our MSC-1 and DC space.

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