LEASE DEED

THIS LEASE DEED is made and executed at Delhi on 1st Sept. 1993

BETWEEN

Smt. Sudarshan Kaur W/o Sh. Paramjit Singh R/o H. No. M-170, Greater Kailash-II, New Delhi
hereinafter referred to as the LESSOR, which expression shall unless excluded or repugnant to
the context to be deemed to include legal heirs i.e. Mr. Paramjit Singh, Husband of Lessor
herein, successors, executors, administrators, representatives and assigns of the FIRST PART.

AND

M/s. Dave Thomson Associates (India) Pvt. Ltd. having its registered office at Satyug-Villa 1 st
Floor, 5, Gurunanak Nagar off Shankarshet Road, Pune through, their Director Mr. H. R.
Srinivas to enter into these presences hereinafter referred to as the LESSEE which expression
unless excuded or repugnant to the context shall include and mean, successors, successors in
interest and assigns of the SECOND PART.

WHEREAS the Lessor has represented to the Lessee that she is the owner/landlady of the
Basement portion of the construction at M-170, Greater Kailash-II, New Delhi admeasuring 760
Sq. ft. approximate covered area in the said premises and is desirous of letting out the same,
hereinafter referred to as the demised premises.

AND WHEREAS the Lessee has offered to take the demised premises on Lease and the Lessor
has agreed to let out the same on the terms and conditions hareinafter specified.

NOW THIS AGREEMENT WITNESSETH AS UNDER:

1. That the Lessor hereby conveys to the Lessee the basement portion of the said premises
admeasuring 760 Sq. ft. Approx for a period of 24 months with effect from 1st Sept. 1993 at a
monthly, rent of Rs. 4000/- (Rs. Four thousand only) exclusive of Electricity, water charges,
actual bills/ rental charges of Telephone/Fax whenever installed in the demised premises.
2. That the Lease will be for an initial period of 24 months with effect from 1st Sept. 1993. The
rent will be increased by 10% of the rent payable per annum immediately after expiry of every
12 months.

3. That both, the Lessor and the Lessee have the right to terminate the Lease even before the expiry
of the Lease period, by giving 3 months written notice

4. That the Lessor shall have the option to renew the Lease for a further period of 2 years at the
terms and conditions as laid out by the Lessor.

5. That on the date of execution of this Lease Deed, the Lessee had paid a sum of Rs. 36000/- (Rs.
Thirty Six Thousand only) vide pay order No….dated….drawn on……….as security deposit
which will be kept by the Lessor for the due performance of the terms and conditions of this
Lease, free of interest. On termination of the Lease, the Lessor shall refund the security
deposit/unadjusted advance rent, if any. In case the Lessor fails to refund the security
Deposit/balance advance rent, the Lessee shall be entitled to charge interest at the rate of 21%
per annum from the date of termination of Lease till the date of refund. Aditionally, the Lessee
shall be entitled to hold possession of the property till the refund of security deposit/unadjusted
advance rent alongwith interest, if any is made without payment of rent/Lease money. This will
be applicable only on production of documentary proof by the Lessee to the Lessor that all dues
pertiaining to electricity and any other charges payable by the Lessee have been cleared upto
date

6. The Lessee covenants with Lessor as under :

i) That the Lessee agrees to pay a monthly rent of Rs. 4000/- (Rs. Four thousand only)
mentioned above on or before 7th day of every month.

ii) That the Lessee agree to carry out minor repairs or replacement of broken parts in electrical
and sanitary installations and glasses himself, but major repairs pertaining to the structure of the
house will have to be done by the Lessor, as and when considered necessary by him. However,
the Lessee shall handover the vacant physical possession to the Lessor on termination of this
Lease in the same conditions as it has been handed over to him.

iii)That the Lessee shall give vacant possession of the premises to the Lessor after the expiry of
the Lease period.

iv)That the Lessee shall duly comply with all the rules and regulations of local authorities with
 regard to the use of the premises.

v) That the Lessee shall pay the electricity charges in accordance with the bills at rates
determined by DESU and accordance with bills/demands received from DESU, NDMC
including meter rents etc. The meter readings on the date of possession will be duly recorded.

vi)That the demised premises have been let out to the Lessee for authorised use only.

vii) That the Lessee shall permit the Lessor or his duly authorised agents during reasonable
hours in the day time to enter upon the demised premises for inspection of the Lessor’s fixtures
and fittings therein, and the premises as may be deemed fit by the Lessor.

viii) That the Lessee at the expiry of this Lease shall deliver peaceful and vacant possession of
the demised premises to the Lessor together with the fittings and fixtures installed in good
condition as the same are at present, reasonable wear and tear and damage by fire, earthquake,
civil commotion, act of God excepted including lightening to fittings etc. but excluding
telephones, fax computers and air conditioners. No fixtures, wood work etc. carried by the
Lessee shall be removed/damaged at the time of handing over vacant possession of the demised
premises.

ix)That the Lessee shall not make any alteration of permanent nature within the premises as well
as in the open space, without the written consent of the Lessor.

x) That the Lessee shall keep the premises in good tenantable condition and shall not cause any
loss/ damage to it, subject to normal wear and tear of the premises.

xi)The Lessee shall observe and perform at all time during the continuance of the terms hereby
created all the terms and conditions herein as contained.

xii) That the Lessee will not park any motor car or any other vehicle in this outer drive way
of the premises at any time both inside and outside the main gate.

7. That the Lessor hereby covenants with Lessee as follow:-

i) That the Lessor has good right and full power and absolute authority to Lease the demised
premises to the Lessee in manner herein contained.

ii) That the Lessor shall not interfere with the peaceful enjoyment of the property by the Lessee
whether directly on indirectly.
 iii)That the Lessor shall observe and perform at all times during the continuance of this deed, all
the terms and conditions contained in the Lease deed by virtue of which the Lessor is holding the
said premises and shall keep the Lessee indeminified against any breach or consequences
thereof.

iv)That the Lessor shall pay the taxes whether Municipal or otherwise and failing to pay any
such amount when the same shall fall due for payment, the Lessee shall be entitled to pay the
same on behalf of the Lessor and to deduct the amount so paid from the rent payable by the
Lessee to the Lessor hereunder.

v) That the Lessor shall comply with, at his own cost, all requirements and regulations of the
Municipals or other lawful authority concerning the demised premises to the observed by the
owner/landlady.

8. It is hereby mutually agreed and declared by the parties hereto as follows :-

i) In the event of the demised premises or any part thereof being destroyed or damaged by fire,
earth quake, flood, war, air raid, civil commotion, riots or any act of God or irrestible force
during the period of the Lease, this Lease shall at the option of the Lessee be terminated. And in
the event of the Lessee being desirous of any part thereof as the case may be so as to enable the
Lessor to repair the damage or reinstate the same and the rents hereby reserved shall remain
suspended till the demised premises or any part thereof as the case may be reinstated or restored
to its former state and possession if delivered over to the Lessee for the remaining part of this
Lease, if any.

ii) That in the event of any dispute or difference arising out of this deed, the matter will be
referred to the Arbitrator to be appointed by consent of both the parties and his decision will be
binding on both the parties.

iii)That the parties to the agreement have specifically agreed that considering the location,
accommodation, and condition of the said property, the Lease rent is fair rent and in consonance
with the property, market rates.

iv)That the terms and conditions of this agreement as stated above shall be binding on both the
parties.
v) That the Lease shall automatically come to an end on the expiry of the Lease period. The
peaceful and vacant possession of the demised premises will be deemed to have been handed
over by the Lessee to the Lessor.

vi)The cost of preparation of the original Lease and duplicate thereof and stamps and registration
fee and in connection with the same shall be borne and paid by the Lessee.

vii) The Lessor shall retain the original of the Lease deed and the Lessee the duplicate
thereof.

IN WITNESS WHEREOF, these presents have been executed by the parties hereto on the day,
month and year first mentioned herein above in presence of witness:

Witnesses:
(1)RAM
(2) SHYAM