IN THE MATTER OF THE REGISTRATION OF TITLES ACT (CAP.

242)

LEASE AGREEMENT

THIS LEASE AGREEMENT is made this………...day of ……………………...2024

BETWEEN

NKUMBA UNIVERSITY LAW SOCIETY of P.O. Box……………. Central Uganda (Herein referred to
as “the LESSOR” which expression shall where the context so admits include their successors and assignees
in title) on the one part

AND

KUGANJA JOVAN JOEL (Herein referred to as “the LESSEE which expression shall where the context
so admits include his successors and assignees in title) on the other part.

WHEREAS:

1. The lessor is the holder of a certificate of title of ownership of freehold land located in central
Uganda near Lake Victoria, measuring 50 hectares.
2. The lessor hereby demises unto the lessee 20 hectares of land described herein above.

NOW THIS AGREEMENT WITNESSETH AND IT IS HEREBY MUTUALLY AGREED as

IN CONSIDERATION for the sum of UGX. 50,000,000/= (Uganda shillings fifty million) paid to the
LESSOR by the LESSEE upon entering possession of the land, and in any case, not later than
the…………day of ……………...2024 (the receipt whereof the LESSOR hereby acknowledge) and
conditions hereinafter contained on the part of the LESSEE to be observed and performed, the LESSOR
HEREBY LEASES UNTO THE LESSEE 20 hectares (See plan annexed hereto and edged in red together
with all the fixtures erected or to be erected thereon)

TO HOLD the same unto the LESSEE for a term of 49 years (hereinafter referred to as the initial term)
commencing on the…………day of…………….2024. Therefore, during the said term, a nominal yearly
rent of UGX 10,000,000/= (Uganda shillings ten million) Payable in advance on
the………...of……………...in every year. Upon expiration of the term, the lease shall determine.

The yearly payment shall be subject to revision upward every 5 years in an amount not exceeding 20%
(twenty percent).
THE LESSEE HEREBY COVENANTS WITH THE LESSOR as follows:

1. To observe and perform all the conditions and covenants implied by the law in this lease or
otherwise herein contained or referred to.
2. To pay the LESSOR the rent herein reserved in the manner herein specified.
3. To use the land for the purpose of building a church and developing a youth center.
4. The LESSEE will at his own expense, in all things and under the inspection and control of his
qualified technical personnel develop the demised plot to suit his desired use(s) in compliance with
all the relevant municipal, town planning, and other relevant laws.
5. The LESSEE shall install any equipment, machinery, or other facilities and make any changes to
the land as he shall deem fit without first having to obtain the LESSOR’S consent.
6. To keep insured the land to the full value thereof in a reasonable insurance office against loss or
damage or fire.
7. Not at any time during the said term to use, exercise or carry on or permit or suffer to be used,
exercised or carried on in or upon the said land or building or any part thereof any noxious, noisome,
or offensive art, trade, business, occupation or calling or to allow any matter or thing whatsoever
to be done at any time during the said term in or upon the said land or building which shall or may
be or grow to the annoyance, nuisance, grievance, damage, or disturbance of the occupiers or
owners of the adjoining lands and properties.
8. To bear all costs, charges, taxes, and expenses for the registration of this lease and all legal costs
for preparing the same.

THE LESSOR HEREBY COVENANTS WITH THE LESSEE as follows:

1. At all times during the continuance of the term hereby created to permit the LESSEE to make sure
such alterations and additions to any of the land as per this lease agreement.
2. That the land shall be free from any encumbrances of whatever nature legal or equitable that may
adversely affect the LESSEE’s interest.
3. Agrees that the LESSEE shall not transfer, sell or sublet, or part with possession of or offer anyone
to use or confer on anyone an equitable interest in or in any way mortgage the said land or buildings
or any part thereof without having first obtained the consent of the LESSOR.
4. That the LESSEE paying the rent hereby reserved and performing the covenants and conditions
herein before contained and on part of the LESSEE to be observed and performed shall quietly
possess and enjoy the demised premises during the term hereby granted (including an extension of
the term in the said event as stipulated) without any interruption by the LESSOR or any person
claiming under or in trust for him.
 5. To register this lease as an encumbrance on the certificate of title on the premises and to do
everything necessary to enable the LESSEE to obtain a valid leasehold title.
6. That the LESSOR shall not revise or demand any more premium or consideration apart from what
is provided herein.
7. To hand over vacant possession of the premises on execution hereof
8. If the LESSOR fails to hand over vacant possession of the land or in case the lease agreement is set
aside for want of authority to lease on the part of the LESSOR, then the LESSOR shall refund the
sums so far paid by the LESSEE with interest at the prevailing commercial bank rate as well as all
other incidental expenses incurred by the LESSEE.
9. That the LESSOR shall not seek to terminate this lease for any reason whatsoever and undertakes
that the LESSEE shall have the first option of renewal upon expiry of the term created herein.

IT IS FURTHER AGREED AND DECLARED as follows;

1. That during the subsistence of this agreement, the LESSOR shall not engage in any activities
prejudicial to the business or occupation of the LESSEE particularly not to part, transfer or lease
the above parcel to any person or entity without the consent of the LESSEE.
2. At the completion of the lease term, the LESSEE shall have the first option to renew upon such
further terms as the parties shall agree upon at the time.
3. If and whenever any difference shall arise between the LESSOR and the LESSEE relating to the
construction of any of the articles herein contained or any act or anything made or done or omitted
in regard to the rights and liabilities arising hereunder or arising out of the relationship existing
between the LESSOR and the LESSEE by reason of these presents, such difference shall forthwith
be referred to arbitration in accordance with the Arbitration and Conciliation Act Cap…. Or such
other law in force regarding arbitration in Uganda at the time before recourse can be made to court.
4. The terms of this agreement are intended by both parties as a final expression of their agreement.
This agreement supersedes any prior written or oral agreement between the PARTIES and shall not
be contradicted by any evidence precedent to its execution PROVIDED that any PARTY wishing
to amend this agreement shall do so with the consent of the other PARTY and any amendment
agreed upon shall be in writing and deemed an integral part of this agreement.
5. The ineffectiveness, invalidity or unenforceability of any provision of this agreement shall not
affect other valid provisions thereof which shall remain in full force and effect.
6. This agreement shall be governed by the Laws of the Republic of Uganda.
IN WITNESS WHEREOF the parties hereto set hereunder their respective hand(s) / seal(s) on the date
and year first above written

Dated this…………………...day of…………………………………...in the year 2024

……………………………………………………..

NKUMBA UNIVERSITY LAW SOCIETY (LESSOR)

……………………………………………………….

KUGANJA JOVAN JOEL (LESSEE)