On this 1st day of September 2003, corresponding to the _____ day of _____ A.H. in the city of ______, _____, this lease is made between:

1- ____, _____ national possessing national identity card No. ____ issued in the city of _____, on _____, businessman by profession, whose address is P.O. Box _____, _____, _____, (hereinafter referred to as the “Lessor”).

2- ________ Company for Trading & Investment, ________ company with commercial registration number ________, having in address at P.O. Box ________, ________, ________, and represented for the purposes of entering this lease by ________, ________ national bearing national identity card number ________, issued in the city of on (hereinafter referred to as the “Lessee”).

The Lessor and the Lessee hereby agree to the following:

1. The Lessor hereby leases to the Lessee, and the Lessee hereby accepts the lease of, the building, land, and appurtenances commonly known as and located at (hereinafter referred to as the “Building”).

2. The Lessor leases the Building to the Lessee for an initial term of five Gregorian years beginning on September 1, 2003, and ending on August 2008. At the termination of the lease, the Lessee has the option of extending the lease for two similar terms of five years each on the same terms and conditions as set forth in this lease.

3. In consideration of the Lessor leasing the Building to the Lessee, the Lessee shall pay to the Lessor rent for the first year in the amount of JD ( ________ ), which will cover the period from September 1, 2003 to August 31, 2004. For the period beginning on September 1, 2004 and ending on August 31, 2005, the rent will be JD ( _________ ), paid in full no later than the first day of the corresponding lease term.  For after August 31, 2004 the rent will increase annually by three percent (3%).

4. The first year’s rent will not be refundable even in the event that the Lessee cannot obtain the necessary permits to carry on the business for which he intended to rent the Building.

5. The Lessee intends to use and occupy the Building as a car showroom and car service shop pursuant to permits to be obtained from the Municipality of ______.

6. The Lessee shall pay rent to the Lessor at the Lessor’s above stated address or at such other places the Lessor may designate in writing without demand, and without counterclaim, deduction, or setoff of any kind.

7. The Lessee undertakes to provide the Lessor with copies of all official permits the Lessee obtains from the _________ government to conduct the Lessee's intended business.

8. Upon receipt from the Lessee of a check in the amount of the first year’s rent and execution of this contract by the Lessee and the Lessor, the Lessor will hand over to the Lessee the key to the Building so that the Lessee can begin construction and alteration work on the Building. The Lessee’s occupation of and work on the Building prior to September 2003 shall be at no cost to Lessee.

9. The Lessee shall commit no act of waste and shall take good care of the Building and the fixtures and appurtenances thereto and in the use and occupancy of the Building, shall conform to all relevant laws, orders and regulations of the ______ government.

10. All improvements made by the Lessee to the Building which are so attached to the Building that they cannot be removed without causing material injury to the Building shall become the property of the Lessor upon termination of this lease.

11. Upon termination of this lease, the Lessee shall, at the Lessee’s own expense, remove from the Building all of the Lessee’s personal property and such improvements made by the Lessee that have not become the property of the Lessor, including, for example, trade fixtures, cabinets, removable paneling, and partitions, and shall repair all injury done by or in connection with the installation or removal of such property and improvements. Furthermore, the Lessee shall, upon termination of this lease, surrender the premises to the Lessor in good condition, excluding reasonable wear and tear, and excluding any damage caused by fire, weather, the elements, or any other cause not due to the intentional misuse or neglect of the Lessee or the Lessee’s agents, servants, visitors or subleasees.

12. The Lessee shall not, without first obtaining the written consent of the Lessor, make any alterations, additions or improvements in, to or surrounding the Building. However, Lessor’s consent to such alterations, additions or improvements shall not be unreasonably withheld.

13. All of the Lessee’s property that remains in the Building after the expiration of this lease shall be deemed conclusively abandoned by the Lessee and may be removed by the Lessor, with the Lessee reimbursing the Lessor for the cost of such removal. The Lessor shall have such property stored at the Lessee’s risk and expense.

14. The Lessee shall not permit the accumulation of waste or refuse in or on the Building.

15. The Lessee shall not, without first obtaining the written consent of the Lessor, abandon the Building or allow the Building to become vacant or deserted.

16. Throughout the term of this lease and any extension thereof, the Lessee shall have absolute right to sublease any part or all of the Building to any person or entity on such terms and conditions as the Lessee at its sole discretion may deem proper.

17. The Lessee shall arrange for electric service water and telephone service, and shall pay all bills corresponding to such services.

18. The parties acknowledge that this lease comprises the entire agreement between the parties, and the parties hereto agree that they rely on no representations, oral or written, in executing this lease other than the provisions forth in this lease.

19. The parties further agree that any modification to this lease must be in writing and executed by both parties.

20. This document has been prepared in the Arabic and the English languages multiple copies, each of which shall be treated as an original. In the event of a conflict between the Arabic and the English text, the Arabic text shall prevail.

21. Each of the parties hereto acknowledges that it has received its copy of the lease for its reference and records.

By: _________
Date: ____________

_________ Company for Trading & Investment _______
By: _______ Date: _________