LEASE DEED

THIS LEASE DEED (“Deed”) executed at Hyderabad this day of 10th December, 2009
accordingly records the intentions and understanding of M/s iLabs Hyderabad
Technology Centre Pvt Ltd and M/s.Intelligroup Asia India Pvt Ltd., [hereafter
collectively referred to as “the PARTIES”].

M/s. ILABS HYDERABAD TECHONOLOGY CENTRE PRIVATE LIMITED., a company incorporated
under the Indian Companies Act, 1956, having its registered office at No. 18,
iLabs Centre, Bldg 3, Software Units Layout, Madhapur, Hyderabad 500081,
represented by its S.Subbarao, Authorised Signatory hereinafter referred to as
the “LESSOR” (which term and expression shall unless repugnant to the context or
meaning thereof be deemed to include it successors, heirs, executors,
administrators and permitted assigns) OF THE ONE PART.

AND

M/s. INTELLIGROUP ASIA PVT LTD a company incorporated in India under the
Companies Act, 1956, having its registered office at 5th Floor, ILABS Centre,
Building 1, Software Units Layout, Madhapur, Hyderabad – 500081, India
represented by its Director, Mr.ALOK BAJPAI hereinafter referred to as the
“LESSEE” (which term and expression shall unless repugnant to the context or
meaning thereof be deemed to include its successors, heirs, executors,
administrators and permitted assigns) OF THE OTHER PART.

WHEREAS the LESSOR declares and confirms that they are the absolute owners of
the land having acquired the same by e way of Deed of Sale dated 15th February,
2006 Sale Deed for the establishment of Information Technology Park ilabs Centre
as more particularly described in Schedule-A hereunder.

WHEREAS the LESSOR has developed the said ilabs Centre to be used as an
Information Technology Park for the activities as described in the Application
Form.

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WHEREAS all the services to the open spaces, common areas, common amenities,
specialized and descriptive services provided in the said ilabs Centre shall be
controlled, maintained and managed by the LESSOR and/ or a Operation &
Maintenance Agency appointed by the LESSOR and the LESSEE shall not interfere
with the same.

WHEREAS the LESSEE after examination of the building plans, the Unit to be
allotted for the lease, the legal rights of the LESSOR and on being satisfied
with the facts as stated aforesaid, has applied for the lease allotment of the
Unit in ilabs Centre Based on the LESSEE’s representations in the application
form and the bonafide intentions, the LESSOR has decided to allot the Unit on
lease basis.

WHEREAS the LESSEE has agreed to take on lease the space in the Block C (Block
3) 6th Floor admeasuring 14,700 sft. (Super built up area), as described in
Schedule-B [hereinafter referred to as the “Demised Premises”].

WHEREAS the LESSOR has accepted to let out the Demised Premises to the LESSEE on
the terms, conditions and conveyance set forth hereinafter and as per the
Byelaws signed by the LESSEE and enclosed herewith and any amendments thereto
executed in writing by both parties, to form an integral part and parcel of this
Deed. The LESSEE shall use and occupy the Demised Premises solely for use as
represented in the Application for lease and for no other purpose unless the
LESSOR shall expressly approve of such use in advance in writing.

NOW THIS DEED WITNESSETH AS FOLLOWS:

ARTICLE.I-TERM

(a)       In consideration of the monthly rent and other terms and conditions
agreed upon and hereinafter stipulated, the LESSOR hereby leases and the LESSEE
hereby accepts from the LESSOR, lease of the Demised Premises for the term of 36
months commencing from 01-01-2010 to 31-12-2013 both days inclusive, subject to
any extension as specified under Article I(b).   (b) The lease shall be renewed
for two (2) further terms of three (3) years each after the expiration of the
term of the lease at the sole option of the LESSEE on the same terms and
conditions as herein contained subject to an escalation to be agreed by both the
parties at the time of renewal. There shall be no lock in period for the renewed
terms. The LESSOR shall not refuse the request of the LESSEE for renewal of
lease on expiration of the term and the renewal lease rent offered by LESSOR
shall be consistent with the then current market conditions. The lease shall be
automatically renewed on the issue of a notice to the LESSOR in writing of the
LESSEE’s intention to renew the lease three (3) months prior to the expiry of
the current period of lease. On renewal, the PARTIES shall execute a fresh Lease
Deed and have it adequately stamped and registered.   (c) There will be a
lock-in period for the first sixty (36) months of the lease (“Lock-in Period”)
during which time the LESSEE shall not terminate the Deed except in case of a
breach of the Deed by the LESSOR, eminent domain or force majeure. The lease is
terminable by the LESSEE only after the Lock-in Period with six (6) months prior
written notice to the LESSOR. In the event the LESSEE terminates this lease
during the lock-in period, for any reason other than breach by LESSOR or force
majeure, the LESSEE shall pay and the LESSOR shall have the right to recover the
rent from the LESSEE for the balance of the lock-in period, which remains
unexpired. The lease shall be terminated at the end of lease period unless
renewed in accordance with Article I (b).   (d) The rent shall commence with
effect from 01-01-2010.

ARTICLE.II-LEASE RENT

(a)       The LESSEE agrees to pay the lease rent for the warm shell of the
Demised Premises at the rate of Rs. 34/-(Rupees Thirty Four) per Sq. Ft. per
month, for the total area of 14,700 Sq. Ft. taken on lease amounting to a total
lease rent of Rs.499,800/- (Rupees Four Lakhs Ninety Nine Thousand and Eight
Hundred) plus service tax/VAT as applicable subject to deduction of applicable
taxes at source as required by law, and the same shall be paid in advance by
cheque payable on or before the 7th day of each calendar month. This rental rate
would include high-side A/C & Power, Air Handling Units, 100% power back up
provisions, common area flooring, electric cables up to the Demised Premises.
The rent is inclusive of all taxes, cesses, rates, levies, outgoings, charges,
etc., payable by the LESSOR to any association or any other public authority and
any other charges except those specifically agreed to be borne by the LESSEE as
hereinafter provided. The LESSEE shall bear service tax / VAT as applicable
charged on rent for commercial premises at the prevalent rates. All other future
taxes, levied by any governmental/statutory authority in relation to the Lease
of the Demised Premises and in relation to the maintenance of the common areas
(excluding direct taxes on the income of the LESSOR or taxes related to or in
connection with ownership of the Land/Unit by the LESSOR), shall be to the
account of the LESSEE.

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(b) The lease rent is subject to escalation of 15% on the last month rent
beginning at every 3 years of this lease agreement.   (c) All rental payments
shall be addressed to LESSOR at the address set forth on page one (1) of this
Deed, or at such other place as LESSOR may from time to time designate by
written notice to LESSEE. The terms and provision of this Paragraph shall
survive the expiration or termination of the lease as to all sums accrued and
unpaid during the term of the Deed.   (d)       The lease rent per sq. ft. for
the super built-up area does not include charges viz electricity charges,
interest on delayed payment, if any / charges for using facilities in commercial
areas, payable and due by the LESSEE from time to time as agreed in writing
between the PARTIES (look at clause 4c) or other charges specifically payable by
the LESSEE under this Deed.   (e) The LESSEE shall be charged for electricity
consumed within the Demised Premises at ongoing state rates on basis of a
separate meter fitted in the Demised Premises.

ARTICLE.III-SECURITY DEPOSIT

(a)       The LESSEE shall deposit a refundable one time interest-free Security
Deposit of Rs.19,99,200/- (Rupees Nineteen Lakhs Ninety Nine Thousand and Two
Hundred only) equivalent to four (4) months rent in the form of a cheque at the
time of signing the Deed. On the expiry or sooner determination of the Deed, the
LESSOR shall refund the deposit simultaneously on the LESSEE vacating the
Demised Premises and handing over the vacant peaceful possession of the Demised
Premises. Simultaneous refund is allowed provided there are no damages to the
Demised Premises, aside from normal wear and tear and there are no dues to the
LESSOR for various services.   (b) The Security Deposit shall be subject to
escalation @15% once in every three years.   (c) The Security Deposit shall be
held by the LESSOR for the duration of the lease and shall immediately upon the
expiry or sooner termination of the lease as per the terms hereof, and
simultaneously with the LESSEE re-delivering vacant possession of the said
Demised Premises to the LESSOR, be refunded by the LESSOR, to the LESSEE with
any unadjusted advance rent and any other amount due to the LESSEE from the
LESSOR and after deduction of any accrued and arrears of rent or other charges
payable under this Deed.   (d) It is hereby expressly agreed that the LESSOR
shall not be entitled to demand physical vacant possession of the Demised
Premises, unless the LESSOR expresses its readiness and willingness to
simultaneously refund in full in one installment the Security Deposit together
with any unadjusted advance rent and any other amount due to the LESSEE from the
LESSOR by demand draft.   (e) If the LESSOR fails to refund to the LESSEE the
Security Deposit, any unadjusted advance rent and any other amount due to the
LESSEE as aforesaid, the LESSEE shall be entitled to remain in occupation and
possession of the Demised Premises till such time as the Security Deposit is
refunded with interest charges @ 15% per annum. Such staying over by the LESSEE
in the Demised Premises shall not constitute a default by the LESSEE under the
terms hereof. Notwithstanding the aforesaid, it is expressly recorded and
mutually agreed that this clause or anything else to the contrary, does not and
shall not be construed or deemed to extend the duration of lease.

ARTICLE.IV-OPERATION AND MAINTENANCE SERVICES

(a)       LESSOR is under an obligation to maintain common areas and provide
certain amenities, facilities and services in discharge of its obligation, more
particularly described in the Byelaws (hereinafter collectively called the
“Operation and Maintenance Services”) on the terms and conditions hereinafter
contained:   (b) LESSOR shall be entitled to engage any person and/or entity
under contract from time to time in order to provide services to the LESSEE.

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(c)       In addition to the lease rent and Security Deposit amounts payable by
the LESSEE to the LESSOR as mentioned herein above, the LESSEE shall pay an
estimated Operations and Maintenance Fee of Rs. 6.55/- per sq. ft of super
built-up area per month for the total areas of 14,700/- sq. ft. taken on lease
amounting to Rs.96,285/- [Rupees Ninety Six Thousand Two Hundred and Eighty Five
Only], subject to income tax deduction at source at the applicable rates per
month during the tenure of this Lease Term for Maintenance of the building, for
services which will include Maintenance of common lobbies, landscaping, A/C MV
machines higher side, Electrical higher side, Lifts, Security at gate and main
entrance. O & M Charges are subject to increase from time to time in
consultation with all tenants of the building. Power consumption charges for the
lifts, common area lighting, external lighting and water consumption as per
actuals are to be borne proportionately by the LESSEE. Service tax and VAT as
applicable to be paid by the LESSEE in the future. All applicable taxes at the
time of signing the Deed will be borne by the LESSOR.   (d) The operations and
maintenance fee shall become payable in advance every month within seven (7)
days of each Gregorian calendar month towards proportionate share in the cost of
all the development, usage, maintenance, administration and functioning of the
ilabs Centre listed in the Byelaws and executed by the parties hereto.   (e) In
the event of failure by the LESSEE to make payment of the amounts as per this
Deed, then the same will be considered as breach of this Deed and the
consequences provided upon such breach shall follow.

ARTICLE.V- OBLIGATIONS OF THE PARTIES

(a) The LESSEE shall regularly pay the rent reserved under this Deed and all the
outgoings, and charges stipulated herein, within the time and in the manner,
herein provided.   (b) The LESSEE shall use the Demised Premises only for the
business purpose and not for any other purposes whatsoever.   (c)       The
LESSEE shall not make or carry out any additions and/or alterations of a
structural nature in or to the Demised Premises without prior permission, in
writing, of the LESSOR. The LESSEE shall however be at liberty to, at its own
cost, install and remove at the time of handing over vacant charge of the
Demised Premises to the LESSOR such office electric and communication appliances
including in-house electricity generators, air conditioners, furnitures,
fixtures and fittings and to carry out additional wiring, if necessary, and to
install machines or equipment for office use and other such conveniences, as are
reasonably required by the LESSEE and which will remain the property of the
LESSEE and shall be removed by the LESSEE when vacating the Demised Premises on
expiration or sooner determination of the lease. The LESSEE shall be permitted
to install a Mini antenna on the terrace and/or roof of the Building. The LESSEE
shall have the right to install conduit within the riser space of the Building
for items including, but not limited to, cabling, wiring, fiber optics,
electrical, , generator cabling etc. The LESSEE confirms that any
telecommunication and fiber optic feed requirements that it may have shall be
arranged by it at its own cost. The LESSOR shall provide to the LESSEE all
necessary assistance for the above. On expiry of the term or earlier
termination, the LESSEE has the right to remove all improvements installed by
them and shall not be required to restore the Demised Premises to its original
condition at the time of handover with reasonable wear and tear. While removing
these improvements, if any damages are made to the Demised Premises, these shall
be repaired by the LESSEE.   (d) The LESSEE shall not store any hazardous or
inflammable articles in the Demised Premises or in any proximity to the Demised
Premises which could damage or harm persons or the LESSOR’s property.   (e) The
LESSOR, its authorized Agents and employees shall have the right to enter upon
the Demised Premises for inspection and carrying out repairs at reasonable
working hours in the day with prior written intimation to the LESSEE to enable
the LESSEE or its representative to be present so as to afford such entry. A
prior intimation of 48 hours shall suffice.   (f) The LESSEE shall have
unlimited access to the Demised Premises twenty four (24) hours per day and
seven (7) days per week, three hundred and sixty five (365) days a year of
operations and support services including electricity, water, power back up,
security and lifts.

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(g) The LESSOR will provide a Cafeteria as a part of the Support Services. The
applicable charges as per the existing tariff shall be borne by the Lessee.  
(h)       The LESSEE shall be responsible for the cost of electricity,
telecommunication, AC consumption costs, and water consumption charges and other
utilities consumed on its Demised Premises and maintenance charges as stated
above. Taxes like Service tax and VAT (if applicable) to be paid by the LESSEE
in the future. All applicable taxes at the time of signing the Deed will be
borne by the LESSOR. In addition, the LESSOR shall be responsible for all
present and future municipal taxes, building insurance, etc with regard to the
Demised Premises.   (i) The LESSEE shall be provided with a proportional amount
of building directory board space for the identification of their business to
the amount of space leased in the building at no additional cost. LESSEE shall
have full control over its signage on full floors that LESSEE occupies.   (j)
The LESSOR shall undertake at its own cost to carry out any repairs to the
Building and equipment installed by the LESSOR in the Building without causing
inconvenience to the LESSEE’s quiet enjoyment of the Demised Premises.   (k) The
LESSOR agrees that the LESSEE shall have access to the building shafts and
dedicated routes within those shafts for running its electrical cables, VSAT
cables, telephone lines etc., at no additional cost. The shafts agreed to be
provided to the LESSEE shall have dedicated fully enclosed steel trunking,
accessible at each floor and with appropriate pull boxes throughout route from
building supply points to the Demised Premises. The LESSOR shall provide
additional rodent/ vermin protection as may be appropriate for eliminating
migration between the floors or area compartments.   (l) The LESSOR confirms
that it has complied with all the applicable laws in force pertaining to the
construction of the Demised Premises and appurtenant land and has procured all
licenses and permissions as required from time to time with respect to the
Demised Premises. The LESSOR shall not do any act, matter or thing which would
or might constitute a breach of any orders, regulations and Byelaws (statutory
or otherwise) made by the Government or statutory authorities including the
Municipal Corporation of Hyderabad from time to time and in the event the LESSEE
incurs any direct loss or actual damage (not being indirect or business loss or
damage)by reason of any failure on the part of the LESSOR to procure the
necessary approval or to comply with any law for construction of the Demised
Premises, the LESSOR shall indemnify and compensate the LESSEE for such loss or
damage, as the case may be.   (m) The LESSOR warrants and represents that it has
good title and is the absolute owner of the Demised Premises and it has the full
right, absolute power and authority to deal with the property and to grant a
lease, upon receiving a written consent from State Bank of Hyderabad, State Bank
of India and Indian Overseas Bank (erstwhile Bharat Overseas Bank) in respect of
the Demised Premises upon such terms as it deems fit. The LESSOR has received
the no objection letter dated 20 July 2006 from State Bank of Hyderabad and no
objection letter dated 3 May 2005 from Indian Overseas Bank (erstwhile Bharat
Overseas Bank Limited) and no objection letter dated 4th May 2006 from State
Bank of India and confirms, represents and warrants that the photocopies of the
letters provided to the LESSEE are true copies of the original no objection
letters dated 20 July 2006 and 3 May 2005 received from State Bank of Hyderabad
and Bharat Overseas Bank Limited respectively. The LESSOR also warrants and
represents that the Demised Premises is free from all legal encumbrances except
the encumbrance stated above and the LESSOR has not entered into any similar
agreement or arrangement with any person/persons for providing use and
occupation of the Demised Premises to which the LESSEE is entitled to under this
Deed. The LESSOR shall indemnify and keep indemnified, the LESSEE, from and
against all suits, proceedings, actions, claims, demands that may be made or
filed against the LESSEE by any third party due to any representations or
warranties provided herein. The LESSOR further indemnifies and agrees to keep
indemnified the LESSEE from and against all consequences, taxes, costs, charges
and expenses, if any, imposed on the Demised Premises by any authority and/ or
the State Bank of Hyderabad and/ or Bharat Overseas Bank Limited due to which
the Demised Premises or any part thereof may be seized and if its use and
occupation by the LESSEE may be jeopardized in any manner whatsoever. In the
event of there being any defect or deficiency or inadequacy in the LESSOR’s
right to execute this Deed, the LESSOR undertakes to indemnify the LESSEE
against all consequences arising there from including damages, losses, costs or
any other claims/ actions, or proceedings by others in respect of quiet and
peaceful use, occupation and possession of the Demised Premises.   (n) The
Demised Premises will be offered ready for fit out on execution of this Deed as
per mutually agreeable specifications which is included as Schedule C and called
“Landlord’s Base Building Specifications” per the specifications discussed.

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ARTICLE VI- INTEREST

In the event of the LESSEE failing to make payments, on or before the 7th day of
each Gregorian calendar month, the LESSOR will issue a ten (10) days notice up
to 17th of the respective month and thereafter the payments due shall be payable
with 15% interest per annum for any delay beyond the 18th day of the calendar
month. In case the payment and the interest due is not paid within 10 days from
the date of notice, the LESSOR shall be entitled to cease to provide all the
services set out in the Byelaws. LESSOR shall also be entitled to claim the dues
with interest @15% p.a. in addition to the right to disconnect all the
amenities, facilities and services. LESSOR agrees to pay LESSEE the interest @
15% per annum on the Security Deposit for the delay in refunding the Security
Deposit beyond the time span mentioned in Article III.

ARTICLE.VII-PARKING CHARGES

(a) LESSOR has allotted as per the request of the LESSEE car parking facility
within the ilabs Centre 14 Car Parking Spaces at free of cost     In addition to
the above, set out below are the Parking Charges for additional parking spaces:
    Car Parking @ Rs.2430 per month   Two Wheeler Parking @ Rs.180/- per month  
(b)       The LESSEE shall be denied the privilege of using the parking facility
in the event of non-payment of parking fees, if any. In addition to the car
parking facility, there is ample two wheeler parking facility, on
‘first-come-first-served’ basis the LESSOR undertakes to maintain the said
parking areas in a usable condition.

ARTICLE. VIII- OTHER CHARGES

The LESSEE will pay all sums that are due and payable as usage charges directly
related to its leased premises at actual cost for consumption of electricity for
use of air-conditioning, lighting, computers etc., on actual basis to the LESSOR
or designated agencies and/or the service providers directly as intimated by
LESSOR.

ARTICLE. IX – FURNITURE AND FIXTURES

(a) With the exception of items of personal property to trade fixtures,
improvements & installations which are removable by the LESSEE, all the property
of the LESSEE and LESSOR embedded to earth; improvements and installations made
therein shall become part of the Demised Premises on termination and/or
expiration of this lease.   (b)       All the LESSEE’s personal property and
trade fixtures such as Air conditioners, Diesel Generators, UPS Fire protection
systems, Access Control, interior fit outs, electrical installations, etc., if
any installed by LESSEE on the Demised Premises with the prior permission of the
LESSOR shall remain the property of LESSEE. It shall be removable at the
expiration or earlier termination of this lease, or any renewal or extension
thereof, provided further that in the event of such removal, having repaired the
damage caused by such removal. The LESSEE shall promptly restore the Demised
Premises in good order and condition excepting only ordinary wear and tear.

ARTICLE. X – BYE – LAWS

(a)       This lease grants LESSEE a leasehold estate in the Demised Premises
for the lease term specified together with a license granting LESSEE, for such
lease term, the rights to use the common area, common amenities, facilities and
services of the ilabs Centre provided to the LESSEE and LESSEEs contractors,
permitees, invitees, licensees, employees and agents shall exercise such license
in accordance with the provisions of the Byelaws.   (b) The LESSEE will abide by
and keep any rules or Byelaws and any modifications made thereto executed by the
parties and if any question shall arise as to the existence of any such rules or
Byelaws or the meaning construction or breach of this covenant or any such rules
or Byelaws the same shall be referred to the LESSOR whose decision shall be
final and binding on the LESSEE.   (c) The LESSEE’s tenancy and right to use and
occupy the Demised Premises shall be in accordance with in all respect to the
provisions of the Byelaws of the ilabs Centre and to such other rules and
regulations of ilabs Centre as the LESSOR may from time to time promulgate
regarding management of ilabs Centre and use of common facilities and executed
by the parties.

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(d)       In case the LESSOR wish to amend the Byelaws and other rules and
regulations as indicated herein, LESSOR will give a ten (10) days written notice
to all the Allottees for their consent. The Notice shall be served with
acknowledgement due. In case no communication is received from the Allottees
within ten (10) days of receipt of the notice, the amendment shall be deemed to
be accepted. The amendment will come into force on acceptance/deemed acceptance
by the Allottees. The right to propose and amend the Byelaws with the consent of
the Allottees will solely remain with LESSOR.   (e) Words used in this Deed will
have the same meaning assigned to them in the Byelaws (“the said Byelaws”)
unless the context thereof requires to the contrary.

ARTICLE. XI – INSURANCE

(a)       LESSOR shall at all times during the term and any extensions thereto
shall keep in force, a comprehensive public liability and property damage
insurance cover with insurance companies for ilabs Centre which would include
the building, facilities and amenities provided therein and furnish a copy of
the premium receipt to the LESSEE. Except as otherwise specifically provided
herein, all insurance policies shall be written in the name of and for the
benefit of the LESSOR as the interests so appear and shall not be invalidated by
any act or neglect of LESSOR and/or the LESSEE. However, the LESSOR shall not be
under any liability to compensate and/or incur any liability on behalf of the
LESSEE for its properties and employees in the Demised Premises. It shall be the
sole responsibility and liability of the LESSEE to keep in force a comprehensive
insurance cover for its properties and employees, including comprehensive public
liability & furnish a copy of the premium receipt to the LESSOR.   (b) Anything
in this lease to the contrary notwithstanding, LESSOR and LESSEE each hereby
waives any and all rights of recovery, claim, action or cause of action against
the officers, directors, shareholders, partners, joint ventures, employees,
agents, customers, invitees, or business visitors of each other for any loss or
damage arising from any cause covered by any insurance required to be carried by
each of them pursuant to this lease or any other insurance actually carried by
each of them.

ARTICLE.XII- DEFAULT

(a) Each of the following shall constitute an Event of Default:           (i)
      Failure to pay any rental, Security Deposit and operation and maintenance
fee in advance within the seventh (7) days of every month they are due or
failure to pay any third party payments for service and/or utilities under this
Deed when they are due; or     (ii) If LESSEE shall be adjudicated insolvent
within the meaning of insolvency in either bankruptcy or equity proceedings, or
if an involuntary petition in bankruptcy is filed against LESSEE which is not
dismissed within one hundred and twenty (120) days or actual proceedings
whichever earlier; or     (iii) Failure to perform or observe any other
agreement, covenant or condition on LESSEE’s part to be performed after notice
of default from LESSOR if such default could cause the LESSOR to be subject to
prosecution for violation of any law, rule or regulation would cause a default.
  (b) Under this Deed, Byelaws, or the agreements, etc., applicable to the
Demised Premises.     (i) Upon the occurrence of any event of default which is
not cured within the notice period of thirty (30) days stipulated herein below,
on terminating this lease, LESSOR may re-enter and take possession of the
Demised Premises upon simultaneous refund of the Security Deposit as herein
provided and the provisions of this paragraph shall operate as a notice to quit.
If necessary, LESSOR may proceed to recover possession of the Demised Premises
by such proceedings, including re-entry and possession, as may be applicable. If
LESSOR terminates this lease, everything contained in this lease on the part of
LESSOR to be done and performed shall cease except the obligation to refund the
Security Deposit as herein provided subject, however, to the right of LESSOR to
recover from LESSEE accrued arrears of lease rent, Security Deposits, operation
and maintenance Fee and other sums payable under this Deed accrued up to the
time of termination and recovery of possession by LESSOR.

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(ii)       All rights of remedies of LESSOR set forth herein are in addition to
all other rights and remedies available to LESSOR at law. All rights and
remedies available to LESSOR hereunder or at law are expressly declared to be
cumulative. The exercise by LESSOR of any such right or remedy shall not prevent
the concurrent or subsequent exercise of any such right or remedy. No delay in
the enforcement or exercise of any such right or remedy shall constitute a
waiver of any default by LESSEE hereunder or of any of LESSOR’s rights or
remedies in connection therewith. LESSOR shall not be deemed to have waived any
default by LESSEE hereunder unless such waiver is set forth in a written
instrument signed by LESSOR. If the LESSOR waives in writing any default by
LESSEE, such waiver shall not be construed as a waiver of any covenant,
condition, or agreement set forth in this lease except as to the specific
circumstances described in such written waiver.   (iii) No custom or practice,
which may develop between the parties in the administration of the terms of this
lease, shall be construed to waive or lessen LESSOR’s right to insist upon
strict performance of the terms of this lease.   (iv) To display a “For Rent”
sign at any time, after notice from either party of intention to terminate this
lease, prospective lessees authorized by the LESSOR may inspect the Demised
Premise at reasonable hours at any time provided that advance written
appointment is given by the LESSEE.   (v) The provisions of this Article. XII
shall survive the expiration or termination of this Deed.

ARTICLE. XIII-TERMINATION

Without Prejudice to any other provision of this Deed, the termination of the
Deed will occur in the following events:

(a)       In the event of either party committing breach of their respective
obligations contained in the Deed, the aggrieved party shall give to the
defaulting party a written notice of at least thirty (30) days to remedy the
breach and in the event of the defaulting party failing to remedy the breach
with in the aforesaid notice period then in such event the aggrieved party shall
be entitled to terminate the Deed.   (b) Subject to the Lock-in-Period, the Deed
is terminable by the either parties by giving four (4) months prior written
notice.   (c) Upon expiration or termination of this lease, or any renewal
thereof, by lapse of time or otherwise, the LESSEE agrees peaceably to remove
its movable personal property and trade fixtures from the Demised Premises and
to surrender the Demised Premises to LESSOR without further notice, in
broom-clean condition, subject to ordinary wear and tear upon simultaneous
refund of the Security Deposit as herein provided. Should LESSEE continue to
hold the Demised Premises after the expiration or earlier termination of this
lease and refund of the Security Deposit, such holding over, unless otherwise
agreed to by LESSOR in writing, shall constitute and be construed as a tenancy
at will at monthly installments of rent equal to one hundred fifty percent
(150%) of the monthly portion of Rent in effect as of the date of expiration or
earlier termination, and subject to all of the other terms, taxes, levies,
charges and expenses, which would mean and include Security Deposit and
operation and maintenance fee set forth herein, except any right to renew this
lease.

ARTICLE.XIV-NOTICES

Any demand for payment or notice required to be made or given by the parties to
this lease shall be sufficiently made or given if sent by that party to the
other by Registered Post Acknowledgement Due at the address mentioned herein
below:

FOR THE LESSOR:
ILabs Hyderabad Technology Centre Pvt Ltd.,
18, iLabs Centre, Bld No.3, Software Units Layout, Madhapur, Hyderabad 500081

FOR THE LESSEE:
Intelli Group Asia Pvt Ltd
5th Floor, ILabs Centre, Building No.1
Software Units Layout, Madhapur
Hyderabad – 500081, India.

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ARTICLE XV-ENTIRE AGREEMENT

It is mutually acknowledged and understood that this Deed together with the
Schedule-A,B & C, Exhibit-I and the Byelaws the amendment and/or modification,
if any, all of which are hereby incorporated herein by reference, constitutes
the Entire Agreement of the parties with respect to the Demised Premises and
would supercede all oral and written understanding and agreement with respect
thereto and shall govern the validity, interpretation, performance and
enforcement of this Deed.

ARTICLE.XVI-RELATIONSHIP OF PARTIES

Neither this lease nor any part thereof is to be constructed as creating a joint
enterprise, a partnership or any other relationship except that of LESSOR and
LESSEE.

ARTICLE.XVII-ASSIGNMENT, SUBLETTING AND PARTITION

(a)       The LESSEE is not permitted to assign, let, sub-let, grant leave and
license or part with possession of the Demised Premises or any part thereof in
any manner except to a sister concern/group company/qualified sub-lessees of
LESSEE engaged in IT/ITES business with prior written permission of the LESSOR
only after completing the initial 18 months of the lease by the Lessee. To
maintain the homogeneity and efficiency of the ilabs Centre the LESSEE
undertakes not to sub-divide and/or partition the allotted Unit in any manner.  
(b) LESSOR shall be entitled to transfer mortgage or dispose of its interest in
the said Demised Premises in any manner, provided that the same does not affect
or prejudice the rights created in favour of the LESSEE. The LESSEE acknowledges
that it shall not be entitled to object to the same provided that the same does
not affect or prejudice the rights created in favour of the LESSEE.

ARTICLE.XVIII-QUIET ENJOYMENT

The LESSEE upon paying the rent and all other sums, as provided in this lease,
and observing all covenants, warranties, agreements and conditions of this
lease, shall have quiet and peaceful enjoyment of the Demised Premises during
the term of this lease or any renewal thereof without any hindrance or any
disturbance by the LESSOR and/or any one claiming under or through the LESSOR.

ARTICLE.XIX-HEADINGS

The headings of the paragraphs in this Deed, are for convenience only, and shall
not limit the scope or content of this lease nor shall it be considered in any
construction or interpretation of this Deed.

ARTICLE.XX-SEVERABILITY

It is agreed that if any of the provision of this Deed are declared null and
void and are of no force and effect for any reason, such determination shall not
affect the other provisions of this Deed which shall remain in full force and
effect.

ARTICLE.XXI-FORCE MAJEURE

(a) Destruction or Damage.           (i)       In the event, the Demised
Premises or a portion of the same necessary for the LESSEE’s use and enjoyment
of the Demised Premises are damaged by fire, earthquake, act of God, the
elements or other casualty, the LESSEE shall have the option to terminate and
cancel the lease hereby granted forthwith or require the LESSOR to restore the
Demised Premises. If the LESSEE chooses to require the LESSOR to restore the
Demised Premises, the LESSOR shall forthwith repair the same, subject to the
provisions of this Article. If the LESSEE elects not to terminate the Deed, this
Deed shall remain in full force and effect except an abatement of rental and
other charges shall be allowed to the LESSEE till the Demised Premises are
restored to its original condition prior to the damage.

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  (ii) If the LESSEE elects to require the LESSOR to restore the Demised
Premises, as soon as is reasonably possible following the occurrence of any
damage, but not more than seven (7) days thereafter, LESSOR shall notify LESSEE
of the estimate time required for the repair or restoration of the Demised
Premises or the portion of the Building necessary for LESSEE’s occupancy. If the
estimated time is in excess of the requirement of the LESSEE, the LESSEE may
elect, to terminate this lease effective on the date such damage or destruction.
    (iii)       In the event LESSOR commences repair or restoration in
accordance with this Article and such repair or restoration is not fully
completed within 90 days after such damage, LESSEE may elect, to terminate this
lease effective on the date of such damage or destruction.   (b) Eminent Domain
          If all or any part of the Demised Premises shall be taken as a result
of the exercise of the power of eminent domain, LESSEE shall have the right to
terminate this lease with immediate effect. If LESSEE does not elect to
terminate this lease , LESSOR will restore, rebuild and replace the balance of
the Demised Premises (including, without limitation, the installation of
demising walls and heating, ventilating and air-conditioning systems) so that
the balance of the Demised Premises are as usable by LESSEE for LESSEE’s
purposes as they were before such taking. In the event of a partial taking of
the Demised Premises which does not result in a termination of this lease, the
monthly rental thereafter to be paid shall be equitably reduced on a square
footage basis and will be abated until the balance of the Demised Premises are
restored, rebuilt and replaced according to this Article. For sake of clarity,
LESSOR’s obligation to restore Demised Premises should include the repair or
replacement of all electrical wiring, fixtures, components and systems as well
as all telecommunications and data wring and components.

ARTICLE. XXII-ARBITRATION

(a)       Any dispute or difference between the parties with regard to this Deed
and all connected and related matters whatsoever shall be discussed and settled
amicably. In the event of any failure to resolve the disputes or differences
amicably within thirty (30) days, all such disputes or differences whatsoever,
shall be referred to Arbitration. The Arbitration proceedings shall be conducted
in English and in accordance with the provisions of the Indian Arbitration and
Conciliation Act 1996 or any statutory modification or enactment thereof. The
venue of Arbitration shall be Hyderabad.   (b) The parties have agreed that the
Sole Arbitrator will be appointed mutually by both the parties. If the parties
fail to mutually decide the Sole Arbitrator within fifteen (15) days of the date
of arising of the dispute, each party shall appoint one arbitrator and the two
arbitrators will appoint a third arbitrator to form a panel for the arbitration
proceedings within Forty Five (45) days of the date of arising of the dispute .
The Arbitration proceedings will be on a fast track. Any of the parties going
for arbitration will submit its claim petition and documents to the Arbitrator
within one week of the reference being made to the Arbitrator, with a copy to
the Opposite Party. The Opposite Party will submit its Counter and its documents
to the Arbitrator after serving a copy to the party opting for arbitration,
within one week thereafter. The parties can file their further replies or
documents within one week thereafter. Immediately after the 3rd week, the Sole
Arbitrator/panel of arbitrators will endeavour to commence the hearing on the
22nd day and will endeavour to go on with the hearing of the case from day to
day without any adjournment, as far as possible. The Sole Arbitrator/panel of
arbitrators will also endeavour to give his award as early as possible.   (c)
The Arbitrator proceedings will be completed as far as possible within forty
(40) days from the date of reference. The decision of the Arbitrator/ panel of
arbitrators will be final and binding on the parties.   ARTICLE.
XXIII-JURISDICTION   Without affecting the validity of Arbitration clause
hereinabove, all connected and related matters shall, in all respects, be
subject to the exclusive jurisdiction of Hyderabad.

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ARTICLE. XXIV-LITIGATION EXPENSES

In the event any party is required to resort to arbitration and/or litigation to
enforce its rights herein under, the parties agree that any judgement awarded to
the successful party shall include all litigation expenses including reasonable
Attorney fees and court costs.

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SCHEDULE - A

All the pieces and parcel of the land and Building situated at Survey.No.64 (p)
Madhapur, Serilingampally Mandal, Rangareddy District comprised in ilabs Centre
measuring a total extent of 5.56 Acres, and situate within the Sub-registration
District of Moosapet and Registration District of Rangareddy bounded on the
North by Road, East by Road, South by open land of Raidurg village boundary and
West by LESSOR’S property.

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SCHEDULE - B

DEMISED PREMISES

The office area situated on the Block C (Block 3) in 6th floor admeasuring 14700
(super built up area)), as shown in the exhibit annexed hereto as part and
parcel of this Deed.

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SCHEDULE – C

BASE BUILDING SPECIFICATIONS

1. Air conditioning chillers and piping up to the AHU including AHU up to the
Demised Premises.   2. Electrical transformer and HT panels, energy meters and
cabling up to the demised premises.   3. Toilets including fixtures like Wash
Basins, WC etc.   4. Lifts.   5. Common Areas - tiling and lighting.   6. Fire
Fighting wet riser up to the tapping point in the respective floors.   7.
External landscaping and lighting.   8.       1.0-1.1 KVA for every 100 sq.ft.

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IN WITNESS WHEREOF, the LESSOR and the LESSEE hereto have caused this Deed to be
executed on the date first above written by their duly authorized
representatives pursuant to a Resolution passed at their respective Board
Meeting, a certified true copy of which is enclosed herein for reference.

SIGNED SEALED AND DELIVERED by the withinnamed LESSOR, M/s. iLabs Hyderabad
Technology Centre Pvt Ltd through its Authorised Signatory ____________, in the
presence of:

WITNESSES:

1.

2.

SIGNED SEALED AND DELIVERED by the withinnamed LESSEE, M/s.Intelligroup Asia Pvt
Ltd., through its Director, Mr.ALOK BAJPAI in the presence of.

WITNESSES:

1.

2.

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