Sublease Agreement Template Malaysia

SUBLEASE AGREEMENT

This Sublease Agreement (the "Agreement") is entered into as of this [Day] day of [Month], [Year] (the "Effective Date") by and between:

[Head Tenant Name] (Company Registration No: [Number]), a company incorporated in Malaysia and having its registered office at [Registered Address] (hereinafter referred to as the "Sublessor");

AND

[Subtenant Name] (Company Registration No: [Number]), a company incorporated in Malaysia and having its registered office at [Registered Address] (hereinafter referred to as the "Sublessee").

(The Sublessor and Sublessee are collectively referred to as the "Parties" and individually as a "Party".)

RECITALS

WHEREAS, the Sublessor is the tenant under a principal lease agreement dated [Date of Master Lease] (the "Master Lease") with [Landlord Name] (the "Master Landlord") in respect of the premises located at [Full Property Address] (the "Premises");

WHEREAS, the Sublessor desires to sublet a portion or the entirety of the Premises to the Sublessee, and the Sublessee desires to lease the same from the Sublessor, subject to the terms and conditions set forth herein;

WHEREAS, the Sublessor warrants that it has obtained the written consent of the Master Landlord, where required under the Master Lease, to enter into this Sublease.

1. OPERATIONAL DEFINITIONS

1.1 "Master Lease" means the lease agreement between the Master Landlord and the Sublessor, including any amendments thereto. 1.2 "Premises" means that portion of the property described in the Recitals, encompassing [Square Footage] square feet. 1.3 "Sublease Rent" means the monthly sum of [Currency and Amount] payable by the Sublessee to the Sublessor. 1.4 "Security Deposit" means the sum of [Currency and Amount] held as collateral for the performance of the Sublessee’s obligations. 1.5 "Term" means the period commencing on [Start Date] and expiring on [End Date], unless terminated earlier pursuant to this Agreement. 1.6 "Business Day" means a day (other than a Saturday, Sunday or public holiday) on which banks are open for business in [State/Federal Territory], Malaysia.

2. SUBSTANTIVE TERMS AND OBLIGATIONS

2.1 Grant of Sublease: The Sublessor hereby subleases the Premises to the Sublessee for the Term, subject to the covenants and conditions contained in the Master Lease, which are incorporated by reference herein. 2.2 Payment of Rent: The Sublessee shall pay the Sublease Rent in advance on or before the [Day] of each calendar month via electronic fund transfer to the Sublessor’s designated bank account. 2.3 Security Deposit: Upon execution of this Agreement, the Sublessee shall deposit the Security Deposit with the Sublessor. The Security Deposit shall be refundable within 30 days after the expiration of the Term, subject to deductions for damages or outstanding arrears. 2.4 Compliance with Master Lease: The Sublessee shall observe and perform all obligations of the Sublessor under the Master Lease, insofar as they are applicable to the Premises, and shall not commit any act that constitutes a breach of the Master Lease. 2.5 Permitted Use: The Premises shall be used solely for [Nature of Business/Office Use] and for no other purpose without the prior written consent of the Sublessor and the Master Landlord.

3. DEFAULT, TERMINATION, AND REMEDIES

3.1 Events of Default: An Event of Default shall occur if: (a) The Sublessee fails to pay the Sublease Rent for a period exceeding [Number] days; (b) The Sublessee breaches any material term of this Agreement or the Master Lease; (c) The Sublessee becomes insolvent or enters into liquidation. 3.2 Notice and Cure: In the event of a breach, the non-breaching Party shall provide written notice to the defaulting Party. The defaulting Party shall have 30 Business Days to cure such breach. 3.3 Remedies: If the breach remains uncured after 30 Business Days, the non-breaching Party may: (a) Terminate this Agreement immediately upon written notice; (b) Retain the Security Deposit as liquidated damages; (c) Seek injunctive relief or damages in a court of competent jurisdiction.

4. BOILERPLATE LEGAL PROVISIONS

4.1 Severability: If any provision of this Agreement is held to be invalid or unenforceable, the remaining provisions shall remain in full force and effect. 4.2 Entire Agreement: This Agreement constitutes the entire agreement between the Parties and supersedes all prior negotiations or representations. 4.3 Force Majeure: Neither Party shall be liable for failure to perform obligations due to acts of God, war, government regulation, or other causes beyond reasonable control. 4.4 Governing Law: This Agreement shall be governed by and construed in accordance with the laws of Malaysia. 4.5 Dispute Resolution: Any dispute arising out of this Agreement shall be referred to the exclusive jurisdiction of the Courts of Malaysia. Parties agree to attempt mediation in good faith prior to initiating litigation.

5. FORMAL EXECUTION BLOCK

IN WITNESS WHEREOF, the Parties have executed this Sublease Agreement as of the date first above written.

FOR AND ON BEHALF OF THE SUBLESSOR:

Signature: __________________________ Name: [Name of Signatory] Title: [Title] Company Seal/Stamp:

FOR AND ON BEHALF OF THE SUBLESSEE:

Signature: __________________________ Name: [Name of Signatory] Title: [Title] Company Seal/Stamp: