1

LEASE AGREEMENT
BETWEEN
1. M.H. Sudarshan Reddy

AND

2. SALVAGNINI MACHINERY INDIA PVT. LTD.
FOR PREMISES AT :
The Second Floor, situated on Site No. 26,
2

NEW BEL Road,
Bangalore 560 054.
THIS AGREEMENT OF LEASE (this Agreement) is made at Bangalore on
this the 16
th
day of January, 2014.
BY AND BETWEEN
1. Sri M.H. Sudarshan Reddy, residing at No.: 20, 1
st
H Cross, 8
th
Main, S.S.
Layout, Sharada Colony, Basaveshwar Nagar, Bangalore 560 079,
(hereinafter called Lessor which expression shall unless repugnant to the
context or meaning thereof, include his heirs, executors, administrators, legal
representatives, successors and assigns) PAN NO.: ALIPS3131M, of the ONE
PART

AND

2. SALVAGNINI MACHINERY INDIA PVT. LTD., having its office
presently at 3
rd
Floor, No. 38, 7
th
Main Road, JC Industrial Estate,
Yelachenahalli, Kanakapura Road, Bangalore 560 062, and Head Office at
Salvagnini Italia Spa, Via Guido Salvagnini, 51, IT 36040 SAREGO,
ITALY and it is represented by its Director Mr. Zeljko Lisac (hereinafter called
the Lessee which expression shall unless repugnant to the context or
meaning thereof, include his heirs, executors, administrators, legal
representatives, successors and assigns) Of the SECOND PART.

WHEREAS :
A. The Lessor has represented to the Lessee that the Lessor is sole and absolute
owner of the premises.
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B. The Lessee has requested the Lessor to lease the Premises and the Lessor
having agreed to grant such lease, has offered the same to the Lessee.

C. Relying on the representations and warranties of the Lessor set out in this
Agreement, the Lessee has agreed to take the Premises on lease on the terms
and conditions as set out in this Agreement.

D. The Parties desire to enter into this Agreement to confirm and record grant of
the lease and the terms and conditions under which the Lessee shall take the
Premises on lease from the Lessor and other understandings in connection
therewith.

NOW THEREFORE, IN CONSIDERATION OF THE PREMISES AND
MUTUAL AGREEMENTS AND COVENANTS HEREINAFTER SET FORTH
AND FOR OTHER GOOD AND VALUABLE CONSIDERATION,
INCLUDING THE RENTS, SECURITY DEPOSIT AND OTHER PAYMENTS,
THE RECEIPT AND SUFFICIENCY OF WHICH ARE HEREBY
ACKNOWLEDGED, EACH OF THE PARTIES HEREIN, HEREBY GRANT
TO THE OTHER THE RIGHTS AND AGREE TO COMPLY WITH THE
OBLIGATIONS AS SET FORTH HEREUNDER :





1. DEFINATIONS

Unless otherwise set out in this Agreement, the terms below have the following
meaning.

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Commencement Date means the 1
st
of April, 2014

Premises means all that piece and parcel of immovable property being
premises in the Second Floor, situated on Site No. 26, NEW BEL Road,
Bangalore 560 054 Having approx area of 2750 Sq.ft in the second floor and
more fully described in the Schedule of this agreement.

Purpose means the running of an office by the Lessee for its self purpose.

Term means the 120 months period commencing on the Commencement Date.

2. GRANT OF LEASE

In consideration of the rents hereinafter reserved and agreed to be paid by the
Lessee to the Lessor as agreed to comply with the covenants and conditions
mentioned herein, the Lessor hereby grants by way of lease to the Lessee, the
Premises for the term of 10 years, and, lock in period is for 3 years.





3. RENEWAL

Upon the expiry of the Term of this Agreement, the Agreement may be renewed
by consent of all parties and subject to the execution of a new agreement setting
out the mutually agreed terms of such a renewal.

4. POSSESSION
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4.1 The Lessor shall hand over physical vacant possession of the Premises on 14
th

April, 2014(Handover Date).

4.2 On the Handover Date, the Lessor shall ensure that the Premises in the state of
a single hall without any rooms or partitions of any kind. The Lessor shall
ensure that all the requisite changes/additions as required by Lessee to suit its
business specifications as mentioned above and as agreed by the Lessor
expressly are operationally installed. Diesel generator shall be installed in the
basement by the Lessor. The Lessor shall provide 2 toilets for the usage of the
Lessee within the schedule premises, which shall be exclusively used by the
tenant of the Second Floor.

4.3 The Lessee will be entitled to a Rent Free Period of 30 days commencing from
the commencement date specified under this agreement or handing over of
possession of the premises to the Lessee, whichever is earlier.

5. RENT

5.1 The monthly rent, including amenities, charges payable in respect of the
Premises by the Lessee to the Lessor during the subsistence of this Agreement
shall be Rs. 1,90,000/- (Rupees One Lakh Ninety Thousand only) per month,
subject to tax deduction at source as epr the provisions of the Income Tax Act,
1961, for the entire Second Floor. (Rent)inclusive of the monthly
maintenance charges. In addition to the aforesaid Rent and Maintenance
charges, the applicable service tax on the rent agreed has to be paid by the
Lessee to Lessor along with the aforesaid amount of rent & maintenance
charges, and thereafter, the remittance of such service tax applicable to the
concerned department shall be the sole responsibility of the Lessor.
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5.2 The Lessee shall be liable to pay Rent from 1
st
May, 2014, and, the rent is
calculated and payable upto 1
st
day of each English calendar month.

5.3 The Lessee shall pay the Rent to the Lessor on or before 10
th
day of each
English Calendar month following the month for which it is due, unless
otherwise agreed to between by the Lessor and Lessee, in writing.

5.4 The Rent shall be increased at the end of 12 months from the Commencement
date by 4.5% per annum.

5.5 In the event the Rent is not paid in accordance with clause 5.3 above, the
Lessee shall pay interest at the rate of 18%(Eighteen percent) per annum on the
amount due, calculated on pro rata basis from the date when the payment fell
due till date of actual payment.

5.6 Notwithstanding anything to the contrary in this Agreement, Lessee shall be
solely responsible for the obligations as envisaged in this Agreement.

6. SECURITY DEPOSIT
6.1 In consideration of the Lessor granting to the Lessee, a Lease of the Premises
in terms of this Agreement, the Lessee has paid a sum of Rs. 19,00,000/-
(Rupees Nineteen Lakhs only) by way of interest free refundable security
deposit(Security Deposit), in the following manner ;
a. A sum of Rs. 10,000/- (Rupees Ten Thousand only) has been given to the
Lessor as an advance part of security deposit and the Lessor hereby
acknowledges receipt of the aforesaid amount.

b. A sum of Rs. 9,45,000/- (Rupees Nine Lakhs Forty Five thousand Only) vide
Cheque No. 000882 dated 20.03.2014 drawn on Kotak Mahindra Bank, Lavelle
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Road Branch, Bangalore drawn in favour of the Lessor on the date of execution
of this deed and the Lessor here by acknowledges receipt of the aforesaid
amount.

c. A sum of Rs. 9,45,000/- (Rupees Nine Lakhs Forty Five Thousand Only) vide
cheque No. 000000 dated 10
th
April, 2014 Kotak Mahindra Bank, Lavelle Road
Branch, Bangalore drawn in favour of the Lessor on the date of execution of
this deed and the Lessor hereby acknowledges receipt of the aforesaid amount.

6.1 The Lessee agrees that it is not entitled to payment of any interest which may
accrue on the Security Deposit.

6.2 Upon the expiry of this Agreement or its earlier termination thereof, (as the
case may be), the entire Security Deposit shall be refunded by the Lessor to the
Lessee, without any interest. Such refund of the security deposit shall be
simultaneous with the delivery of possession of the Premises by the Lessee to
the Lessor, in the manner required under this Agreement. The Lessor shall be
entitled to deduct from the Security Deposit, any amount including rental
arrears, electricity and water consumption charges, painting charges, repair
charges if any, due and payable by the Lessee, including Service Tax, TDS and
such others charges payable by the Lessee under this agreement and which
remains unpaid as on the date of delivery of possession of the Premises by the
Lessee to the Lessor.


6.3 In the event the Lessor fails to refund the entire Security Deposit in accordance
with clause 6.3, the Lessee shall be entitled to retain possession and use of the
Premises pending refund of the Security Deposit, subject to deductions, if any,
as aforesaid without being liable for payment of Rent or any other sum to the
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Lessor, and the Lessor shall pay to the Lessee interest at the rate of 18%
(Eighteen percent) per annum on the said Security Deposit from the date when
the same becomes payable till the date of actual payment. The Lessee shall not
be required to pay any Rent for such period, until Security Deposit is refunded
to the Lessee, simultaneous with the delivery of possession of the Premises by
the Lessee to the Lessor.

7 COVENANTS, RIGHTS AND OBLIGATIONS OF THE LESSEE



7.1 Purpose

The Lessee shall use the premises only for the purpose. The Lessee shall have
the right to hold events to promote its business.

7.2 Access to the Premises

The employees, officers, clients, customers, invitees, suppliers, contractors and
visitors of all kind whatsoever, of the Lessee shall have free and unimpaired
access to the Premises at all times. The Lessee shall be entitled to enjoy the
Premises peacefully as a tenant, to use the entrances, staircases, corridors,
passages and other common spaces in the building for the purpose of ingress to
and egress from the Premises.


7.3 Signage

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The Lessee, during the terms of Lease, shall be entitled to display their
signboards on the Second floor of the building and in the Premises at the place
and in the manner as may be determined by the Lessee, in consultation with the
Lessor.




7.4 Telephone, Fax, Internet, Cable lines

The Lessee shall have the right to apply for, obtain and install as many
telephone, fax, internet, cable lines, antenna, dish and other instruments and
devices in the Premises, as they may deem necessary for their business
requirements in their own name and at their own cost. The Lessee shall pay the
charges pertaining to such lines installed, directly to the appropriate authorities.
The Lessee shall have a right to remove the telephone, fax, internet, cable lines,
antenna, dish and other instruments and devices so obtained by it on
termination of this Agreement.

7.5 Repairs and Maintenance

7.5.1 The Lessee shall attend to all day to day minor routine repairs such as
fuses, leakage of taps, replacement of consumable parts etc.to the
Premises at its own cost, as are required to keep the Premises in good and
tenantable condition, but all major maintenance activities as mentioned to
be with the scope of Lessors covenants herein below shall be carried out
by the Lessor within a reasonable period of time.

7.6 Architectural Alterations / Non-structural Alterations
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7.6.1 The Lessor understands that the Lessee, for the purpose for making the
Premises suitable for the Purpose, will need to carry out certain
architectural alterations and thus grants approval to the Lessee to effect
such architectural alterations and additions to the Premises
(Architectural Alterations). The cost and expenses incurred in
respect of the Architectural Alterations and additions shall be exclusively
borne by the Lessee, with the prior consent of the Lessor in writing. The
Lessor shall render all requisite assistance to the Lessee to secure any
permission or sanctions that may be required to complete the
Architectural Alterations under any applicable law that may be in force
from time to time.

7.6.2 The Lessee shall be entitled to effect certain non-structural alterations or
additions to the Premises as may be required, including but not limited to
improvements, interiors and fit outs to the Premises, fixing or installing
such devices, gadgets and equipment, furniture and fixtures in the
Premises as the Lessee may deem fit from time to time for the purpose of
carrying on its business (Non-structural Alterations). The Lessee,
with the prior permission of the Lessor in writing, can seek for all
requisite assistance to secure any permission or sanction that may be
required to complete the Non-structural Alterations under any applicable
law that may be force from time to time. The costs and Alterations shall
be borne by the Lessee, carried out by the Lessee with the prior
permission of the Lessor in writing.

7.6.3 USE BY GROUP ENTITIES : The Lessee shall not assign, sub-lease,
sublet or part with its possession without the prior written permission of
Lessor. However, the Lessee may use the demised premises as the office
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(including Registered Office) of its group companies, associates. Further
the validity of this Lease Agreement will not be affected due to either
change in name of the Lessee and / or acquisition / demerger /
amalgamation etc., of any by the Lessee of and by any other company or
body corporate.

7.7 Electricity and Water
The Lessee shall, during the Term, bear and pay directly to the concerned
authorities, the charges for electricity and water consumed by the Lessee at
the Premises as per the separate meters installed in respect thereof, and the
sewerage charges relating to the Premises as charged by the concerned
authorities.

7.8 Return of Possession

7.8.1 Upon expiry of earlier termination of this Agreement, the Lessee shall be
entitled at its discretion to remove all improvements and property
brought in by it on to the Premises, including the Non-structural
Alterations, without causing any major damage to the property.

7.8.2 Notwithstanding anything stated in the Agreement, there shall be an
obligation cast upon the Lessee to restore or reinstate the Premises and to
handover vacant possession of the Premises in good order, as on the date
of commencement of lease period and in tenantable condition.


7.9 Inspection of the Premises
The Lessee shall, after receiving at least 24 (Twenty Four) hours prior
notice in writing from the Lessor, permit the Lessors authorised
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representative to enter upon the Premises at reasonable times and during
normal business hours, for inspecting the state and condition of the
Premises. The Lessor shall ensure that such inspection does not unduly
interfere with the Lessees running of its business.

7.10 Restriction on the Lessee
The Lessee shall observe the following covenants and be bound by the
following restrictions:

(a) The Lessee shall keep the Premises clean and usable and shall maintain
at their cost the Premises in a state of good repair, normal wear and tear
excepted:
(b) The Lessee shall not carry out any unlawful, illegal or dangerous
activity in the Premises;
(c) The Lessee shall not store in the Premises goods or merchandise of a
hazardous, combustible or dangerous nature; and
(d) The lessee shall not cause nuisance, disturbance or noise so as to
inconvenience or disturb the neighbours and other occupants, if any, of
the premises.

8 COVENANTS, RIGHTS AND OBLIGATIONS OF THE LESSOR

8.1 Title to the Premises
The lessor covenants that the Lessor has a valid title to the Premises, and
that the Lessor has good right, full power and absolute authority to grant
to the Lessee the Premises in the manner herein appearing. The Lessor
hereby agrees to indemnify and keep fully indemnified the Lessee against
any claims, losses or damages that the Lessee may suffer arising out of
any claims against the Lessors title or for any other reason to the
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Premises or any interruption / obstruction in the peaceful enjoyment of
the Premises by the Lessor or any person claimed through or under the
Lessor or by any third party.

8.2 Peaceful Possession
The Lessee, on paying the Rent in the manner herein provided and on
observing and performing the covenants, conditions and stipulations
herein contained, shall have unimpeded use, complete and peaceful
enjoyment and occupation of the Premises during the Term at all hours
without any let, obstruction, eviction, interruption and/or disturbance,
claim and demand whatsoever by the Lessor or any person or persons
lawfully or equitably claiming by, from, under or in trust for the Lessor.

8.3 Electricity
The Lessor shall provide and maintain during the term an operational
electric power load of 25 KVA at the Premises for the exclusive use of
the Lessee during the possession of the property.

8.4 Taxes & Outgoings
The Lessor shall bear and pay all municipal taxes, property taxes and
other taxes, levies, cesses, outgoings and charges payable in respect of the
Premises, and any increase / enhancement thereto, directly to the
concerned authorities. Lessee shall be liable for the payment of service tax
and also the Lessee shall handover all the TDS Certificates to the Lessor
on the Rent. An invoice shall be raised by the Lessor for electricity and
water charges and maintenance charges payable under this Agreement.


8.5 Repairs
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The Lessor shall, at their expense, carry out all major repairs and maintain
in good condition, the roof and walls for the Premises, and be responsible
for repairs relating to leakage of roof, Structural, bursting of water pipes
or defective sewerage system in the Premises. The Lessor shall give 48
(forty eight) hours notice to the Lessee intimating the Lessee of the
proposed repairs to be undertaken, and shall have the repairs carried out
so as to cause minimum obstruction or disruption, if any, to the Lessees
peaceful occupation and use of the Premises. If the Repairs cause undue
interference with the Lessees day to day running of its business, the
Lessee shall be entitled to pay no Rent for the period the repairs cause
such disruption.

8.6 Insurance
Throughout the Term of this Agreement, the Lessee shall not be
responsible for insurance of the building. Lessee shall not be responsible
for any damage to the premises by reason of fire, accident, strike, war or
any other violence, floods, earthquake, or any act or condition beyond
reasonable control of Lessee. Lessee shall, at its own costs, insure its Non-
architectural Alterations and the stocks lying at the Premises in addition to
installing firefighting equipment as required to protect its merchandise,
and fixtures in the Premises.

8.7 Car Parking Facility
The Lessor shall ensure parking for 3 car and 10 two wheelers slots,
allotted exclusively for the use of the Lessee in the basement of the
schedule premises.

8.8 Diesel Generator
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The Lessor shall install Diesel generator in the basement of the schedule
premises and ensure that 25 KVA backup power is provided to the Lessee.
The lessee shall be liable to pay the expense of the Diesel Generator in the
schedule premises at the cost of per unit as on actual basis evaluated by
the separate meter installed to track the usage in the schedule premises.

8.9 Representations and Warranties
The Lessor represents and warrants that :

(a) The premises is free from all encumbrances, attachments, court or
acquisition proceedings or charges of any kind;
(b) The Lessor has not entered into any agreement or arrangement for
lease or sale in respect of the Premises with any third party;
(c) There is no impediment, legal or otherwise, for letting out the
Premises.
(d) The Premises is capable of being used for the Purpose and all
necessary approval(s) have been obtained by the Lessor from all
regulatory / Governmental authorities, and that they have obtained and
shall at all times keep in force, all requisite approvals relating to the
premises and all portions thereof, for the intended use by the Lessee,
so as to ensure that the Lessee can enjoy peaceful possession of the
Premises without any let or hindrance from any authority or any other
government or statutory bodies ; and
(e) The Lessee on paying the Rent and abiding by the terms and
conditions of this Agreement, shall peacefully hold and enjoy the
Premises during the Term of this Agreement and any extended period
thereof, without any interruption whatsoever, by or from the Lessor or
any person/s calming under, through or in trust for the Lessor.

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9 TERMINATION OF AGREEMENT

9.1 Termination for cause

9.1.1 The Lessee shall be entitled to terminate this Agreement upon three
months notice in writing, if the Lessor defaults in the performance of
any of its obligations under this Agreement and such default is not cured
within 90 (Ninety) days after the receipt of a notice of default issued by
the Lessee, however such termination is permissible only after the
completion of Lock in Period as specified above.

9.1.2 The Lessor shall be entitled to terminate this Agreement if (a) the
Lessee defaults in payment of rent for a period for three(3) consecutive
months and the arrears so due are not paid with one(1) month of receipt
of notice in respect thereof; or (b) the Lessee commits a material breach
of the terms and conditions hereof which is not cured within 30(Thirty)
days of receipt of notice in that regard. A material breach for the
purposes of this clauses shall be such a breach which endangers the
safety and stability of the premises.

9.1.3 If the whole or any portion of the Premises shall, at any time, be
destroyed or damaged by a Force Mejeure Event (as defined in clause 11
below), so as to be rendered inaccessible or uninhabitable, the Lessee
shall have the right to terminate this Agreement with immediate effect,
without any cost or liability on account thereof.

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9.1.4 The Lessee shall be entitled to terminate this Agreement immediately on
written notice during the Term and renewals, if any, without any
payment, forthwith upon the happening of the following :

a) Peaceful possession and enjoyment of the Premises is disturbed, interrupted or
hampered in any manner whatsoever due to any noncompliance with local land
laws or other statutory requirements / compliances or otherwise not having
been maintained during the Term of this Agreement by the Lessor;


9.2 Termination without cause
9.2.1 The Lessee shall be entitled, at any time during the Term of this Agreement, or
any renewed term thereof to terminate this Agreement upon 2 months prior
notice to the Lessor or by paying 2 months Rent in lieu thereof without
assigning any reason, however such termination is permissible only after the
completion of Lock in Period as specified above.
9.2.2 The Lessor shall not be entitled to terminate this Agreement during the Term or
any renewed term thereof except the circumstances not violating the terms of
the lease agreement.

9.3 Consequences of termination
9.3.1 Upon any termination of this Agreement for any reason, the Lessor shall refund
to the Lessee all unadjusted monies refundable by the Lessor to the Lessee in
accordance with the terms of this Agreement, and simultaneously, the Lessee
shall hand over possession of the Premises in accordance with clause 7.8
thereupon, the Lessor and Lessee shall be released from all obligations and
liabilities to the other occurring or arising after the date of such termination,
provided that no such termination will relieve either Party from any liability
arising under this Agreement occurring prior to termination. Any provision of
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this Agreement, which is expressly or by implication to continue in force after
termination, shall continue in full force and effect.

10 DISPUTE RESOLUTION
10.1 Except as otherwise specifically provided in this Agreement, the following
provisions apply if any dispute or difference arises between the Parties arising
out of or relating to this Agreement (the Dispute)
10.2 A Dispute will be deemed to arise when one Party serves on the other Party a
notice stating the nature of the Dispute (a Notice of Dispute)
10.3 The Parties hereto agree that they will use all reasonable efforts to resolve
between themselves and Disputes through negotiations.
10.4 Any Disputes whatsoever arising under or in connection with this Agreement
which could not be settled by Parties through negotiations, after a period of
seven (7) business days from the service of the Notice of Dispute, shall be
finally settled by arbitration in accordance with the Arbitration and
Conciliation Act, 1996 and any amendments thereto and :
a) All proceedings shall be conducted in English and a daily transcript in
English shall be prepared ;
b) There shall be three(3) arbitrators, one to be selected by Lessor, one to be
selected by Lessee and the third to be selected by the two arbitrators
appointed by Lessor and Lessee, who shall serve as chairman of the
Arbitration Panel :
c) The Venue of arbitration shall be in Bangalore, India ; and
d) The Arbitrators will conclude the proceedings within a period of six
consecutive months from the date of commencement of proceedings and
the decision of the arbitrators shall be final and binding on the Parties.

11 FORCE MAJEURE
If the performance by either Party, of any of its obligations under this
Agreement is prevented, restricted or interfered with by reason of, fire, accident,
strike, war or other violence, any law, strike, or other labour disturbances
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hurricanes, earthquakes, floods terrorism or any other disruptive acts of
regulation of any government, or any act of condition whatsoever beyond the
reasonable control of such Party (each such event shall be called a Force
Majeure Event), then such Party shall be excused from such performance to
the extent of such prevention, restriction or interference; and provided further
that such Party shall use reasonable efforts to avoid or remove such cause of
non-performance and shall continue performance hereunder whenever such
prevention, restriction or interference are removed. The Lessee shall not be
required to pay Rent or any portion thereof during the continuance of the Force
Majeure Event, if such Force Majeure Event renders the entire Premises or a
portion thereof unusable, unitll the Lessor repairs or renders the Premises or a
portion thereof, usable by the Lessee in terms hereto.

12 INDEMINITY
Lessor and Lessee shall defend, indemnify, and hold harmless the other from and
against any claim, liability, demand, loss, damage, judgment or other obligation or
right of action, which may arise as a result of breach of this Agreement by such
Party. In addition, the Lessor shall defend, indemnify, and hold harmless the
Lessee from and against any claim, liability, demand, loss, damage, judgment or
other obligation or right of action, which may arise due to non-compliance with
any statutory requirements, defect in title, absence of any requisite sanctions,
permits, permissions and approvals relating to the Premises and all portions
thereof, for the intended use by the Lessee, so as to ensure that the Lessee can
enjoy peaceful possession of the Premises without any let or hindrance from any
authority/ies or any other government or statutory bodies or misrepresentations of
and by the Lessor.

13 NOTICES
13.1 Any notice or other information/document required or authorized by this
Agreement to be given shall be given in writing, in English by :
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a) Delivering it by hand (a written acknowledgement in receipt thereof shall be
sufficient evidence that the notice or other information has been duly given);
or
b) Sending it by a recognized courier or by registered post ; or
To relevant Parties at the addresses referred to in clause 13.3 below.

13.2 Any notice or information given by post / courier in the manner provided by
clause 13.1(b) which is not returned to the sender as undelivered shall be deemed
to have been given on the third day after the envelope containing it was so posted.
Proof that the envelope containing any such notice or information was properly
addressed, pre-paid, and couriered / posted, and that it has not been returned to the
sender, shall be sufficient evidence that the notice or information has been duly
given.
13.3 The Address and other details of the Parties for the purpose of communication,
unless otherwise notified in writing to the other party shall be the address referred
to first above.

14 ASSIGNMENT
In the event the Lessor decides to sell, assign, convey, transfer or otherwise dispose of
his right, title and interest in the Premises during the subsistence of this agreement,
such sale, assignment, conveyance or transfer in any manner of the Premises shall not
affect the rights of the Lessee under this Agreement. The Lessor shall obtain
appropriate written documents from such transferee/s starting that they shall step into
the shoes of the Lessor, that they unconditionally agree to the terms and conditions of
this Agreement, and be responsible for refund of the Security Deposit in terms hereof
as stated above, and that they shall ensure that the Lessee shall continue to use the
Premises during the remaining Term of this Agreement and any renewed term thereof.


15 MISCELLANEOUS
15.1 This Agreement has been executed in two sets, the original being retained by the
Lessor, and the duplicate by the Lessee.
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15.2 The Stamp duty and registration charges payable in respect of this Agreement shall be
borne and paid by Lessee only.
15.3 No part of this Agreement shall be amended, varied, substituted or changed in any
manner except by a written instrument duly signed by the Parties to the agreement.
15.4 If any provisions of this Agreement shall for any reason be held to be invalid, illegal,
or unenforceable in any respect, such invalidity, illegality, or unenforceability shall
not affect any other provision hereof, and this Agreement shall be construed as if such
invalid, illegal or unenforceable provision had never been contained herein. Any
invalid or unenforceable provision of this Agreement shall be replaced with a
provision that is valid and enforceable and most nearly gives effect to the original
intent of the invalid / unenforceable provision.
15.5 This agreement constitutes the entire agreement and understanding of the Parties in
respect of this Agreement and supersedes any and all prior negotiations,
correspondence, agreements, understandings duties or obligations between the Parties
in respect hereof.




SCHEDULE
The Premises
All that piece and parcel of immovable property being in the Second Floor, situated
on Site No. 26, New BEL Road, Bangalore 560 054, having approx. area of 2750
Sq. Ft. bounded on the
North by : Entrance to the premises ;
South by : Open passage on the South side of the same Building;
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East by : Open Front Entrance for the same Building towards the Road
West by : Open passage on the back side of the same Building
IN WITNESS WHEREOF THE LESSOR AND LESSEE HAVE AFFIXED
THEIR SIGNATURES TO THIS AGREEMENT ON THE DAY, MONTYH
AND YEAR FIRST ABOVE MENTIONED IN THE PRESENCE OF THE
FOLLOWING WITNESSES :
LESSOR

_________________________

Signature : _______________
LESSEE

________________________

Signature : _______________

Witnesses :

1.

_________________________

Signature :
_________________________

Name :

__________________________

Address :