Master Components Limited has executed a License agreement with an Indian private Limited Company to use the premise situated at M.I.D.C., Ambad, Nashik for the purpose of expansion of business and conduct various manufacturing activities at the premise at rent of INR 215,000/- p.m. This is a License agreement and not a loan Agreement. To use the premise and the plot of land for the purpose of expansion of business and conduct various manufacturing activities at the premise. This agreement shall remain operative for period of 60 months from 15th July, 2024.

Lease Rent will be increased by 5% every year.