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Agreement with Dhaka University

DEED OF AGREEMENT

This Agreement for the use of Space at the South-East portion of the ground floor of Senate Bhavan of Dhaka University Campus described in Schedule “B” is made on this the 17th day of June 2005.


BETWEEN

The University of Dhaka, Dhaka University Campus, P.S. Ramna, Dhaka-1000, Bangladesh represented by its Treasurer, Syed Rashidul Hasan hereinafter referred to as the First Party.

AND

Dhaka University Alumni Association of Room No. 203, Registrar Building, Dhaka University Campus, P.S. Ramna, Dhaka- 1000, Bangladesh represented by its Secretary General, Mr. Raquibuddin Ahmed of House # 9, Apt # B/6, Road # 4, Dhanmondi R/A, Dhaka hereinafter referred to as the Second Part.


PREAMBLE

WHEREAS the University of Dhaka was established in 1921 under the provisions of Dacca University Act 1920 (Act XVIII of 1920), as an unitary teaching and residential University, with a constitution. After independence of Bangladesh, the Government of Bangladesh adopted the aforesaid Act & promulgated the adaptation of University Laws by the Bangladesh Ordinance No. 1 of 1972. Thereafter, in pursuance of the Constitution of the People's Republic of Bangladesh, the President Order No. 11 of 1973, which is called the "Dacca University Order, 1973, was promulgated.
AND WHEREAS, with the initiative of some ex-students of the University of Dhaka, on 24th September 1948, “Dhaka University Old Boys Association” was constituted as a non- Political & non- profitable Organization and thus officially recognized by the First Party in its Executive Council meeting vide a Resolution being No.13 dated 4.6.1960. Subsequently, the said Association was re-named as “The Dacca University Alumni Association” and on 17.5.1979 the said Alumni Association was registered under the Societies Registration Act XXI of 1860 being No. of 1978-79 with the Registrar of Joint Stock Companies and Firms, Dhaka, Bangladesh. The Alumni Association has its Constitution & the objects inter-alia are (i) to uphold the image & tradition of the University; (ii) to protect the over all interests of the University & welfare of the Students; (iii) to provide financial help to the poor, meritorious & deserving Students and (iv) to undertake research for academic excellence etc.

AND WHEREAS in the year 1965, the FIRST PARTY vide a Resolution being No. 26 dated 24.4.1965 of its Syndicate meeting allotted the SECOND PARTY one Bigha of land free of cost within its campus for construction of “Old Students House” but no such land has yet been allotted to the Second Party although the First Party & the Government from time to time have reiterated their commitment to allot a piece of land for construction of “Alumni House”.

AND WHEREAS the FIRST PARTY, in the meantime, constructed a 3-storied building in its campus by the side of its “Registrar Building” and named the same as “ Nabab Nawab Ali Chowdhury Senate Bhaban”, herein after referred to as the Senate Bhaban (which is situated on the land described in Schedule “A” attached herewith).

And Whereas the Authorities of the Dhaka University including the Members of its Syndicate & Senate and its Alumni being an inherent & integral part of the University are complementary to each other for over all development of the FIRST PARTY and that the Dhaka University since its establishment has been producing hundreds of Alumni every year who are in turn making outstanding contributions in every field of human endeavor and created an eternity of the University’s academic spirit.

AND WHEREAS the FIRST PARTY in consideration of the above and pursuant to its aforesaid Resolutions to allot some area of land/space to the SECOND PARTY and by virtue of a decision of the Syndicate Meeting held on 12th August, 2004 and subsequently approved by the Vice-Chancellor on 30th August, 2004 in a Joint meeting between them held on the said date has now agreed to grant permission and leave to the SECOND PARTY for a consideration for use of a total covered space of 2536 square feet area at the ground floor of the South-East part of the said Senate Bhavan, herein after referred to as the demised premises (which is more particularly described in Schedule – B attached herewith ) and the SECOND PARTY has agreed to accept the transfer of the demised premises from the FIRST PARTY and also agrees to gradually complete the structural works of the Boundaries at the demised premises for the Mosque, Food Court and Library on the ground floor of the Senate Bhaban at the cost and expenses of the SECOND PARTY .

AND WHEREAS the SECOND PARTY shall use the demised premises for its offices and the FIRST PARTY has agreed to grant the right to the SECOND PARTY for such use reserving its own right as owner to care, maintenance, and other services along with the Senate Bhaban .

NOW, THEREFORE IN CONSIDERATION OF THE PREMISES AND MUTUAL COVENANTS CONTAINED HEREIN THE PARTIES HERETO AGREE AS FOLLOWS:-

1. The FIRST PARTY agrees to grant and the SECOND PARTY agrees to accept the permission and leave for a consideration for use of the demised premises (Schedule “B”) constructed on the land (Schedule “A”) belonging to the FIRST PARTY comprising a total covered area of 2536 SFT (two thousand five hundred thirty six square feet) in area more or less for the purpose of setting up its Alumni Association Office along with fittings and fixtures including the appurtenances, appendages, rights, liberties, privileges, and rights of easements thereof, and all kind of utility connections and other facilities and amenities commonly to be used and enjoyed by the FIRST PARTY and other occupants of the Senate Bhaban .

2. The SECOND PARTY in consideration of such Office accommodation shall gradually develop following at the ground floor of the said demised premises at its own costs and expenses which is the interest of the SECOND PARTY in the demised premises ;-
(i) the Office space for Dhaka University Alumni Association comprising 2536 square feet in area, and (ii) further carry out the structural works only (raising demarcation walls only) (iii) a Prayer Room for Men comprising 3602 square feet in area, (iv) a Prayer Room for women comprising 326 square feet in area, (v) a food court comprising 2962 square feet in area, (vi) a library comprising 568 square feet in area, and (vii) a corridor comprising 1048 square feet in area as per approved construction plan. The vacant space in the North-South part of the demised premises will be used as the common corridor and the space beside the 3rd (third) pillar of the Senate Bhaban in front of the proposed Alumni Office at the
ground floor will be used by the SECOND PARTY as an Waiting Lounge which will also be developed and constructed by the SECOND PARTY at its own costs and expenses.

3. The FIRST PARTY shall provide the SECOND PARTY the revised design, drawing and architectural plan (if any) of the building so that the SECOND PARTY can undertake the works as mentioned in Clause 3 herein above at its own costs and expenses which is the interest of the SECOND PARTY in the demised premises.

4. The SECOND PARTY shall not make any structural alternations or additions in or to the DEMISED PREMISE except the written approval of the FIRST PARTY. But, the SECOND PARTY may make interior design and decorations at its own cost according to its necessity & choice and initial renovations etc and is also entitled to change the same when required.

5. The intention of the parties by this agreement is to allow the SECOND PARTY to use and occupy the demised premises as its Office accommodation under the control and supervision of the FIRST PARTY as owner of the DEMISED PREMISES . The SECOND PARTY shall not sub-let any portion of the DEMISED PREMISES occupied by it and shall use the premises only for the designated purpose.

6. The SECOND PARTY by complying with the terms and conditions hereby reserved and performing the covenants herein contained shall occupy and use the DEMISED PREMISE having an interest in it and under an inherent and inalienable Part of the FIRST PARTY by virtue of this Agreement without any prejudice or otherwise by the FIRST PARTY.


7. Any dispute, differences, controversy or claim arising out of or relating to this Agreement between the parties which will be amicably settled by the Parties, and if not settled such dispute(s) hereto shall be settled by arbitration in accordance with the provisions of Arbitration Act, 2001 . The venue of arbitration shall be within Dhaka Metropolitan City , Bangladesh. The award given by the Arbitrator shall be final, conclusive and binding upon the parties hereto.

8. The construction plan of the Senate Bhaban attached to this Agreement shall be an integral part of this Agreement which has been executed in duplicate, one for the FIRST PARTY and the other for the SECOND PARTY .




S C H E D U L E S

SCHEDULE - A

All that piece and parcel of land containing by admeasurement ……. (………) decimal more or less together with a pucca building with all structures, fixtures and fittings standing thereon known as Nabab Nawab Ali Chowdhury Senate Bhaban situated in the campus of the University of Dhaka in the Sub-Registration District Dhaka at present …………… Mouza, Police Station Ramna being butted and bounded:
On the North by:
On the South by:
On the East by:
On the West by:

SCHEDULE - B

A total of 2536 SFT. (Two thousand five hundred thirty six square feet) floor area, out of 20,733.56 SFT (Twenty thousand seven hundred thirty three point fifty six square feet) at the South- East part of the ground floor of the Nabab Nawab Ali Chowdhury Senate Bhaban (Schedule- A) and a vacant space in the North-South part of which will be used as common corridor (On thousand forty eight square feet in area), the space beside the 3rd (third) pillar of the Senate Bhaban (Schedule- A) to be used as a common waiting space corridor by the SECOND PARTY within the demised premise and the car parking area demarcated outside the Senate Bhaban for the exclusive use of office by the LESSEE along with fittings and fixtures including the appurtenances, appendages, rights, liberties, privileges, and rights of easements thereof, and all kind of utility connections and other facilities and amenities commonly to be used and enjoyed by the FIRST PARTY and other occupants of the Senate Bhaban (Schedule A) including water, gas, in house PABX, TV cables, internet facilities and electricity lines and connection, sewerage mains and generator facility (if any) etc.


ANNEXURE – A

The Building construction plan of the Senate Bhaban (Schedule – A).

IN WITNESSES WHEREOF the parties hereto have executed this Deed of Agreement on the day, month and year first above written.

Signed, Sealed and Delivered at Dhaka.

--------------------------------
FIRST PARTY

WITNESS:

1.

2.

--------------------------------
SECOND PARTY

WITNESS:

1.

2.

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