The Lessor agrees to lease to the lessee and the lessees agrees to lease from the Lessor on the condominium unit 432 with the renovation according to the master plan and specification attached in Anex D, having a total area approximately of 192.35 square meters as specified in Clause 1 (the “Leased Property”), for a long lease term with the period of ninety (90) years commencing from the date of registration of the leased Property with the competent authority (the "Registration Date")provided herein (the “Lease Term”)