Exhibit 10.35

INDIA NON JUDICIAL

 

 

 

Government of Karnataka

 

e-Stamp

 

 

Certificate No.: IN-KA73786088745031R

Certificate Issued Date: 14-Mar-2019 12:34 PM

Account Reference: NONACC (Fl)/ kaksfcl08/ HALASURU/ KA-BA

Unique Doc. Reference: SUB I N-KAKAKSFCL087894951 0030724R

Purchased by: MANHATTAN ASSOCIATES INDIA DEVELOPMENT CENTRE PL

Description of Document: Article 30 Lease of Immovable Property

Description: LEASE DEED

Consideration Price (Rs.): 0 (Zero)

First Party: BROOKEFIELDS REAL ESTATES AND PROJECTS PVT LTD

Second Party: MANHATTAN ASSOCIATES INDIA DEVELOPMENT CENTRE PL

Stamp Duty Paid By: MANHATTAN ASSOCIATES INDIA DEVELOPMENT CENTRE PL

Stamp Duty Amount(Rs.): 500 (Five Hundred only)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

LEASE DEED

 

THIS LEASE DEED is made and executed on this the Eighteenth day of March, Two
Thousand and Nineteen (18/03/2019) at Bangalore (“Lease Deed”):

 

 

 

 

/s/ Nirupa Shankar     /s/ Subrata K C Sharma      /s/ Ushassri T
S                              1 | 55

 

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BETWEEN

 

BROOKEFIELDS REAL ESTATES AND PROJECTS PRIVATE LIMITED, a company incorporated
under the Companies Act, 2013, bearing CIN: U70100KA2007PTC085237, with its
registered office at Brookefields, Kundalahalli Marathahalli Post, Bengaluru
560037, represented herein by its Authorised Signatories, Ms. Nirupa Shankar and
Mr. Subrata K C Sharma, duly authorised vide a Board Resolution dated January
25, 2019 (hereinafter referred to as the “Lessor”, which expression shall,
unless it be repugnant to the context or meaning thereof, be deemed to include
its successors-in-interest and assigns) of the ONE PART;

 

AND

 

MANHATTAN ASSOCIATES (INDIA) DEVELOPMENT CENTRE PRIVATE LIMITED, a company
incorporated under the provisions of the Companies Act, 1956 and deemed to be
incorporated under the Companies Act, 2013, bearing CIN: U72200KA2002PTC030576,
with its registered office at No.172, EPIP Zone, Phase II, Whitefield, Bangalore
560066, represented herein by its Authorised Signatory, Ms. Ushasri T, Managing
Director, duly authorised vide a Board Resolution dated August 8, 2018
(hereinafter referred to as the “Lessee”, which expression shall, unless it be
repugnant to the context or meaning thereof, be deemed to include its
successors-in-interest and assigns) of the OTHER PART.

 

The Lessor and the Lessee are hereinafter individually referred to as a “Party”
and collectively as the “Parties”, as the context may require in this Lease
Deed.

 

WHEREAS

 

A.

The Lessor is the absolute owner in absolute possession of all that piece and
parcel of land admeasuring 26 acres 05 guntas comprised in survey Nos. 103, 104,
105, 108/1, 108/2, 109, 112 and 113/1B, all situated at Kundalahalli Village,
Krishnarajapuram Hobli, Bangalore South Taluk, Bangalore, morefully described in
the First Schedule hereunder written and hereinafter referred to as the “Larger
Property”;

 

B.

The devolution of title to the Larger Property, comprising of the following
lands parcels: (i) survey No. 103 measuring 4 acres 06 guntas (hereinafter
referred to as “Portion I”; (ii) survey No. 104 measuring 4 acres 32 guntas
(hereinafter referred to as “Potion II”); (iii) survey No. 105 measuring 5 acres
02 guntas (hereinafter referred to as “Portion III”); (iv) survey No. 108/1
measuring 1 acre 12 guntas (hereinafter referred to as “Portion IV”); (v) survey
No. 108/2 measuring 3 acres 17 guntas (hereinafter referred to as “Portion V”);
(vi) survey No. 109 measuring 1 acre 03 guntas (hereinafter referred to as
“Portion VI”); (vii) survey No. 112 measuring 6 acres 28 guntas (hereinafter
referred to as “Portion VII”); and (viii)

 

 

 

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/s/ Nirupa Shankar     /s/ Subrata K C Sharma      /s/ Ushassri T S    

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survey No. 113/1B measuring 1 acre 26 guntas (hereinafter referred to as
“Portion VIII”), is as follows:

 

Portion I, Portion II, Portion IV, Portion V, Portion VI and Portion VII

 

 

(i)

Under the preliminary notification dated October 16, 1982 bearing no. LAQ (3)
SR13/1982-1983 (“Preliminary Notification I”) issued by the Government of
Karnataka (“GoK”) under section 4 (1) of the Land Acquisition Act, 1894 (Mysore
Act No. VII of 1894 and hereinafter referred to as “LA Act”), GoK informed that
Portion I, Portion II, Portion IV, Portion V and an extent of 5 acres in Portion
VII was likely to be acquired for public purpose, i.e., for establishing a large
corporate office to house various departments and profit centers including
quality control, all India coffee sale center, research and development
departments, training center and also export departments for various products of
Brooke Bond India Limited (“BBIL”);

 

 

(ii)

BBIL and GoK executed an agreement dated December 13, 1982 in relation to
Portion I, Portion II, Portion IV, Portion V and an extent of 5 acres in Portion
VII (“Agreement I”). The Agreement I, inter alia, recorded that:

 

 

a.

BBIL made an application requesting GoK to acquire entire Portion I, Portion II,
Portion IV, Portion V and an extent of 5 acres in Portion VII for establishing a
large corporate office to house various departments and profit centers etc by
BBIL;

 

 

b.

BBIL agreed to deposit all costs of acquisition including enhanced compensation
determined by the office of the Special Deputy Commissioners, Bangalore
Division, Bangalore; and

 

 

c.

BBIL agreed that all of Portion I, Portion II, Portion IV, Portion V and an
extent of 5 acres in Portion VII would be utilized for the specific purpose as
set out by GoK and that BBIL shall neither alienate nor violate any conditions
and in case there is any violation or infringement of the conditions, then GoK
would have the right to resume the aforesaid lands;

 

 

(iii)

GoK had thereafter published a final notification dated January 17, 1983 bearing
no. RD. 9 AQB 83 under section 6 (1) of the LA Act (“Final Notification I”), by
virtue of which GoK declared that the entire Portion I, Portion II, Portion IV,
Portion V and an extent of 5 acres in Portion VII are required to be acquired
for the public purpose, i.e. for establishing a large corporate office to house
various departments and profit centers including quality control, all India
coffee sale center, research and development

 

 

 

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/s/ Nirupa Shankar     /s/ Subrata K C Sharma      /s/ Ushassri T S    

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departments, training centers and also export departments for various products
of BBIL;

 

 

(iv)

The Special Land Acquisition Officer (“SLAO”) had thereafter made a final
declaration dated June 8, 1983 under section 16 (2) of the LA Act (“Final
Declaration I”), recording that the entire Portion I, Portion II, Portion IV,
Portion V and an extent of 5 acres in Portion VII has been taken over by SLAO
for the public purpose, i.e., for establishing a large corporate office to house
various department and profit centers including quality control, all India
coffee sale center, research and development departments, training centers and
also export departments for various products of BBIL;

 

 

(v)

Subsequently, BBIL and GoK entered into an agreement dated August 24, 1984 in
relation to entire Portion VI and an extent of 1 acre 20 guntas in Portion VII
(“Agreement II”). The Agreement II, inter alia, recorded that:

 

 

a.

BBIL made an application requesting GoK to acquire the entire Portion VI and an
extent of 1 acre 20 guntas in Portion VII for establishing a large corporate
office to house various departments and profit centers by BBIL;

 

 

b.

BBIL shall pay GoK all the determined costs of acquisition and litigation
arising out of the same; and

 

 

c.

BBIL agreed that the Portion VI and an extent of 1 acre 20 guntas in Portion VII
would be utilized for the specific purpose as set out by GoK;

 

 

(vi)

On November 9, 1984 GoK issued a notification bearing No. LAQ. (i) CR. 82/84-85
under section 4 (1) of the LA Act (“Preliminary Notification II”), whereby GoK
informed that Portion VI and an extent of 1 acre 28 guntas in Portion VII was
likely to be acquired for the public purpose, i.e., for establishing a large
corporate office to house various department and profit centers including
quality control, all India coffee sale center, research and development
departments, training centers and also export departments for various products
of BBIL;

 

 

(vii)

GoK has thereafter published the final notification dated May 20, 1986 bearing
no. RD. 9 AQB 83 under section 6 (1) of the LA Act (“Final Notification II”), by
virtue of which GoK declared that the Portion VI and an extent of 1 acre 28
guntas in Portion VII are required to be acquired for the public purpose, i.e.,
for establishing a large corporate office to house various department and profit
centers including quality control, all India coffee sale center, research and
development departments, training centers and also export department for various
products of BBIL;

 

 

 

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(viii)

SLAO has thereafter passed awards and executed certain incidental documents for
evidencing the handing over and taking over possession of Portion I, Portion II,
Portion IV, Portion V, Portion VI and Portion VII by BBIL;

 

 

(ix)

Accordingly, BBIL came to acquire and hold the entire Portion I, Portion II,
Portion IV, Portion V, Portion VI and Portion VII, subject to the terms
contained under Agreement I and Agreement II and also subject to compliance of
provisions under LA Act;

 

Portion III

 

 

(x)

Anandarama Reddy, Venkatesh Reddy, Keshava Reddy and Muniyamma conveyed Portion
III under 3 separate registered sale deeds all dated August 10, 1983 in favour
of Rita Prasad Mani (represented by her power of attorney holder P. J.
Bhagilthya), Prema Sampath Kumar (represented by her power of attorney holder P.
J. Bhagilthya) and Meera Srivastava;

 

 

(xi)

Thereafter, Rita Prasad Mani (represented by her power of attorney holder P. J.
Bhagilthya), Prema Sampath Kumar (represented by her power of attorney holder P.
J. Bhagilthya) and Meera Srivastava executed an agreement for sale dated June 4,
1993 in favour of BBIL for entire Portion III. The said agreement for sale dated
June 4, 1993 inter alia records that:

 

 

a.

Portion III be acquired by GoK and subsequently allotted in favour of BBIL
following the procedure prescribed under the provisions of LA Act;

 

 

b.

The price for such acquisition shall be Rs. 50,50,000/- and BBIL has agreed to
pay an advance towards part of the sale consideration being a sum of Rs.
1,00,000/-;

 

 

c.

Rita Prasad Mani, Prema Sampath Kumar, Meera Srivastava and BBIL shall not have
any claim for any sum towards compensation in lieu of acquisition of Portion III
by GoK;

 

 

d.

Rita Prasad Mani, Prema Sampath Kumar and Meera Srivastava agreed to hand over
the actual/physical possession of Portion III simultaneous with the completion
of acquisition of Portion III, issue of possession certificate and payment of
balance consideration by GoK;

 

 

e.

Rita Prasad Mani, Prema Sampath Kumar and Meera Srivastava appointed P. J.
Bhagilthya as their lawful attorney to attend any

 

 

 

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/s/ Nirupa Shankar     /s/ Subrata K C Sharma      /s/ Ushassri T S    

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legal formalities/proceedings in relation to acquisition of Portion III by GoK
and its subsequent allotment to BBIL;

 

 

(xii)

On June 29, 1994, GoK issued a notification bearing no. LAQ (2) SR93-94 under
section 4 (1) of the LA Act (“Preliminary Notification III”), by way of which
GoK informed that the entire Portion III was likely to be acquired for BBIL for
purposes of constructing certain additional buildings;

 

 

(xiii)

Thereafter, GoK published a final notification dated March 26, 1995 bearing no.
RD60AQB94 issued under section 6 (1) of the LA Act (“Final Notification III”).
GoK declared that the entire Portion III is acquired as required for BBIL for
construction of additional buildings;

 

 

(xiv)

Subsequently, P. J. Bhagilthya, in his capacity as the power of attorney holder
of Meera Srivastava, executed an agreement dated May 31, 1995 with GoK in
relation to Portion III (“Agreement III”) inter alia indicating that Meera
Srivastava has received a sum of Rs. 8,25,000/- in full settlement of all claims
in relation to acquisition of Portion III;

 

 

(xv)

SLAO passed an award and executed certain incidental documents for evidencing
the handing over and taking over possession of Portion III by BBIL;

 

 

(xvi)

Thereafter, SLAO made a final declaration dated November 5, 1995 under section
16 (2) of the LA Act (“Final Declaration II”) recording that the entire Portion
III, has been taken over by SLAO for the public purpose, i.e., for BBIL. SLAO
issued an official memorandum dated November 17, 1995 bearing no. LAQ (8) SR
4/1993-1994 indicating the handing over of possession from SLAO to BBIL;

 

 

(xvii)

In the aforesaid manner, BBIL came to acquire the entire Portion III subject to
compliance of provisions under LA Act;

 

Portion VIII

 

 

(xviii)

Under a grant order and register extract of Form 8 issued by the Special Deputy
Commissioner for Abolition of Inams under section 10 of the Mysore (Personal and
Miscellaneous) Inams Abolition Act, 1954 in case bearing no. 14/1959-1960
(“Grant Order”), an extent of land measuring 5 acres 17 guntas in survey No. 113
of Kundalahalli Village along with certain other immovable properties were
allotted to one Thayappa, son of late Pillaiah, and the said Thayappa was
registered as a permanent tenant under section 5 of Mysore (Personal and
Miscellaneous) Inams Abolition Act, 1954. Subsequently, the office of the
Additional Special Deputy Commissioner for Abolition of Inams issued an
endorsement dated May

 

 

 

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13, 1964 indicating Thayappa as the holder and khathedar for an extent of land
measuring 5 acres 17 guntas in survey no. 113 and certain other immovable
properties;

 

 

(xix)

Under a registered deed of partition dated August 21, 1959 entered between sons
of late Pillaiah alias Narasimhaiah, viz., (a) Thayappa alias Muninanjappa; (b)
N. Papaiah Reddy; and (c) Gullappa (collectively “Sons of Pillaiah”) (“Partition
Deed I”). The Partition Deed I inter alia recorded that:

 

 

a.

Sons of Pillaiah partitioned certain immovable properties situated at
Kundalahalli and Thubarahalli villages;

 

 

b.

Sons of Pillaiah do not own any other ancestral immovable properties, save and
except the properties listed in the schedule to Partition Deed I;

 

 

c.

Immovable properties listed in Schedule A, Schedule B and Schedule C of the
Partition Deed I were allotted to Thayappa, N. Papaiah and Gullappa
respectively; and

 

 

d.

Gullappa was allotted immovable properties situated at Kundalahalli village,
viz., (i) land measuring 15 guntas in survey No. 1/9; (ii) land measuring 16
guntas in survey No. 1/9; and (iii) land measuring 4 acres 10 guntas in survey
No. 5. The land bearing survey No. 5 appears to have been renumbered later as
survey No. 113 as is evidenced from the entries recoded in the mutation register
extract bearing MR no. 25/1972-1973;

 

 

(xx)

Thereafter, Gullappa in the year 1992 procured conversion for an extent of land
measuring 3 acres 16½ guntas in survey No. 113/1B from agricultural purposes to
non-agricultural residential purposes and following the said conversion, a
residential layout in the name and style of “Gullappa Layout” was formed in
survey No. 113 in the year 1994 and certain residential sites were carved out
therefrom. The layout plan, as sanctioned by the Nallurahalli Village Panchayat,
indicates that the said Gullappa Layout comprised of 18 (eighteen) residential
sites;

 

 

(xxi)

Licenses to construct houses on property bearing House List Nos. 11 to 18
forming part of the said Gullappa Layout were issued by the Nallurahalli Village
Panchayat in the names of the said Gullappa, Bhagyamma, Narayanamma and
Suryaprakash;

 

 

(xxii)

By way of an unregistered memorandum of partition dated November 9, 1992 entered
into between Gullappa, his daughters viz., Bhagyamma and

 

 

 

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Narayanamma and his son Suryaprakash (“Partition Deed II”), the partition of
their joint family properties (including land comprised in survey no. 113/1B)
which had already been effected was recorded. The Partition Deed II, inter alia,
recorded that:

 

 

a.

The lands comprised in survey No. 113/1B and other immovable properties set out
in Schedule B, C, D and E to Partition Deed II were allotted to the shares of
Gullappa, Bhagyamma, Narayanamma and Suryaprakash respectively; and

 

 

b.

The residential sites carved from and out of survey No. 113/1B were allotted in
the following manner:

 

Allottees

Site Nos. and measurement

Gullappa

Site Nos. 11 and 15 measuring 9000 square feet each

Bhagyamma

Site Nos. 13 and 17 measuring 9000 square feet each

Narayanamma

Site Nos. 12 and 16 measuring 9000 square feet each

Suryaprakash

Site Nos. 14 and 18 measuring 9000 square feet each

 

 

(xxiii)

Gullappa, Bhagyamma, Narayanamma and Suryaprakash have further conveyed the
sites allotted to their share in Gullappa Layout under the Partition Deed II to
BBIL, now known as Brooke Bond Lipton India Limited (the new name of BBIL
subsequent to issuance of a fresh incorporation certificate dated February 7,
1994 and hereinafter referred to as “BBLIL”) under the following 8 (eight)
separate registered sale deeds:

 

Seller

Property conveyed

Sale Deed details

Gullappa

Site No. 11 measuring 9000 square feet with 2 squares dwelling unit

August 4, 1994, registered as document No. 3761/1994-1995

Narayanamma

Site No. 12 measuring 9000 square feet with 2 squares dwelling unit

August 4, 1994, registered as document bearing no. 3764/1994-1995

Bhagyamma

Site No. 13 measuring 9000 square feet with 2 squares dwelling unit

August 4, 1994, registered as document bearing No. 4243/1994-1995

 

 

 

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Suryaprakash

Site No. 14 measuring 9000 square feet with 2 squares dwelling unit

August 4, 1994, registered as document bearing No. 3762/1994-1995

Gullappa

Site No. 15 measuring 9000 square feet with 2 squares dwelling unit

June 2, 1994, registered as document bearing No. 1812/1994-1995

Narayanamma

Site No. 16 measuring 9000 square feet with 2 squares dwelling unit

June 2, 1994, registered as document bearing No. 1814/1994-1995

Bhagyamma

Site No. 17 measuring 9000 square feet with 2 squares dwelling unit

June 2, 1994, registered as document bearing No. 1819/1994-1995

Suryaprakash

Site No. 18 measuring 9000 square feet with 2 squares dwelling unit

June 2, 1994, registered as document bearing No. 1817/1994-1995

 

 

(xxiv)

Pursuant to execution of the aforesaid registered sale deeds by Gullappa,
Bhagyamma, Narayanamma and Suryaprakash in favor of BBLIL, BBLIL came to own and
possess Portion VIII;

 

C.

An order dated December 15, 1993 came to be passed by the Hon’ble High Court at
Calcutta in company petition bearing no. 365 of 1993 connected with company
application No. 267 of 1993 filed by Lipton Indian Limited and BBIL
(“Amalgamation Order I”), whereby the scheme of amalgamation of Lipton Indian
Limited with BBIL was sanctioned by the Hon’ble High Court at Calcutta and made
to be binding with effect from July 1, 1993, and accordingly, the name of BBIL
was changed to BBLIL (Brooke Bond Lipton India Limited) and the Larger Property
came to be owned by BBLIL;

 

D.

Thereafter, an order dated August 23, 1996 came to be passed by the Hon’ble High
Court at Bombay in company petition No. 343 of 1996 connected with company
application No. 406 of 1996 filed by Hindustan Liver Limited and an order dated
December 9, 1996 came to be passed by the Hon’ble High Court at Calcutta in
company petition No. 285 of 1996 connected with company application No. 285 of
1996 filed by BBLIL (“Amalgamation Order II”). Under Amalgamation Order II, the
scheme of amalgamation of BBLIL with Hindustan Liver Limited was sanctioned and
made binding with effect from January 1, 1996;

 

E.

By operation of the Amalgamation Order II along with other immovable properties
owned by BBLIL, the Larger Property also stood transferred and vested with
Hindustan Liver Limited;

 

 

 

 

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F.

Thereafter, an order dated July 25, 2008 came to be passed by the Hon’ble High
Court at Bombay in company petition No. 473 of 2008 connected with company
application No. 375 of 2008 filed by Hindustan Unilever Limited (the new name of
Hindustan Liver Limited consequent to issuance of a fresh incorporation
certificated dated June 11, 2007 and hereinafter referred to as “HUL”) and
Brooke Bond Real Estate Private Limited (“BBREPL”), whereby the scheme of
arrangement of demerger was approved (“Demerger Order”). By way of the Demerger
Order, the scheme of arrangement for demerger and transfer of the Larger
Property from HUL to BBREPL was sanctioned by the Hon’ble High Court at Bombay
and with effect from April 1, 2008. Accordingly, the Larger Property now came to
be owned by BBREPL;

 

G.

BBREPL proposed to establish a Special Economic Zone for IT/ITES/BPO/electronic
hardware on a portion of the Larger Property, and in connection therewith, an
application dated September 5, 2008 was submitted by HUL to Department of
Industries and Commerce, GoK requesting clearance for establishing IT/ITES
special economic zone (“SEZ”) on the Larger Property from GoK’s single window
high level clearance committee (“SHLCC”);

 

H.

The Department of Industries and Commerce, GoK vide a letter dated February 21,
2009 informed BBREPL that its proposal to establish an SEZ was discussed and
approved in the 17th SHLCC meeting held on January 28, 2009 (“DIC Letter I”)
subject to the terms and conditions mentioned therein;

 

I.

HUL, vide its letter dated June 11, 2009 addressed to Director, SEZ, New Delhi
provided details of SEZ, and in this connection, HUL enclosed the DIC Letter I
with a project report and requested the Director, SEZ, Department of Industry
and Commerce, New Delhi, to place HUL’s proposal before the board of approval
(“BoA”) for formal approval of the project;

 

J.

The Ministry of Commerce and Industry, Department of Commerce (SEZ Section),
Government of India (“GoI”), vide its letter dated March 31, 2010 addressed to
BBREPL, granted formal approval in respect to the proposal submitted by BBREPL
for development, operation and maintenance of the sector-specific SEZ for
IT/ITES/BPO/electronic hardware on the Larger Property, subject to adherence of
certain terms and conditions stipulated therein (“Formal Approval”);

 

K.

BBREPL, vide its letter dated September 9, 2010 addressed to Cochin SEZ, GoI,
submitted certain documents and requested issuance of inspection report and to
initiate the notification process of SEZ in respect of the Larger Property
excluding Portion VIII;

 

L.

The Cochin SEZ, vide its letter dated September 20, 2010 bearing no. 7/14/2012:
BrookeBond SEZ/5094 addressed to the Joint Secretary (GoI), informed that the
Larger Property was inspected and is also contiguous in nature. The said letter

 

 

 

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further recorded that though there were buildings on the Larger Property, they
were vacant and not in use, thus confirming to the definition of deemed vacancy
and has requested for issuance of SEZ notification in exercise of powers under
section 4 of the Special Economic Zones Act, 2005 (“SEZ Act”);

 

M.

GoK through the Deputy Commissioner, Bangalore District, vide a letter dated
September 27, 2010 bearing no. LND(E)CR/36/2010-2011 certified BBREPL as the
khatedar in absolute possession of Portion I to Portion VII (“Revenue Letter
I”);

 

N.

The Ministry of Commerce and Industry, Department of Commerce, GoI, under a
notification dated October 7, 2010 bearing no. S/O/2455(E) (in exercise of
powers conferred by sub-section (1) of section 4 of the SEZ Act and in pursuance
of rules made thereunder) (“SEZ Notification”) notified the following areas from
of the Larger Property as “SEZ Land”:

 

Sl. No.

Kundalahalli Village survey numbers

Area (in hectares)

Area (in acres)

1.

103

1.68

4.1496

2.

104

1.94

4.7918

3.

105

2.04

5.0388

4.

108/1,2

1.91

4.7177

5.

109

0.44

1.0868

6.

112

2.71

6.6937

 

 

10.72 hectares

26.4784 or

26 Acres 19.1 Guntas

 

O.

GoK, by a notification dated January 13, 2011 bearing no.
KA:G-GPO/2515/WPP-47/2009-2011 has reprinted the SEZ Notification;

 

P.

BBREPL vide its letter dated April 18, 2011 addressed to the Secretary,
Department of Revenue, GoK requested for change in land use from a large
corporate office (as mentioned under the land acquisition notifications) to
develop an IT/ITES SEZ on the SEZ Land forming part of the Larger Property;

 

Q.

The Principal Secretary to GoK (Revenue Department), by way of a letter dated
May 11, 2011 addressed to ALAO indicated that BBREPL, has sought for a change in
land use i.e., for Special Economic Zone purpose, and in that connection
requested ALAO to provide: (a) copies of the notifications issued under section
4(1), 6(1), 16(2) of LA Act; (b) copies of the awards passed under the LA Act;
and (c) copies of documents evidencing the handing and taking over possession of
the acquired lands (“Revenue Letter II”);

 

 

 

 

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R.

The Principal Secretary to GoK (Revenue Department) under its letter dated May
24, 2011 bearing no. RD87AQB2011 addressed to BBREPL indicated its no objection
under section 44-A of the LA Act for transfer of land measuring 26 acres 20
guntas (forming portion of Larger Property and including the SEZ Land and
hereinafter referred to as “Project Land”) belonging to BBREPL on lease basis to
companies and co-developers of IT/ITES, BPO and electronic hardware under the
sector specific SEZ sanctioned in favour of BBREPL, subject to the Approval
Committee headed by the Development Commissioner of Special Economic Zone
constituted by GoI (“Revenue Letter III”);

 

S.

BBREPL under its letter dated February 15, 2013 addressed to the Assistant
Development Commissioner, Special Economic Zone (GOI) (“ADC SEZ”) has sought for
extension of the validity of SEZ Notification till March 31, 2015;

 

T.

Subsequently, Office of the Development Commissioner, Cochin Special Economic
Zone under its letter dated August 19, 2013 addressed to Ministry of Commerce
and Industry, Department of Commerce, GoI recommended that the Ministry grant
first extension of the Formal Approval upto March 31, 2014 and accordingly the
first extension of the Formal Approval was granted upto March 31, 2014 by the
said Ministry under a letter dated September 20, 2013;

 

U.

Under a letter dated November 13, 2013 bearing no. KA/07/14/2010:BrookeBond
SEZ/100 the office of the Development Commissioner, Cochin SEZ requested BBREPL
to submit the current status of the development on the Project Land along with
layout plan, development plan approved by the competent authority and the
progress in setting up of the SEZ and occupation of incubation space;

 

V.

BBREPL by way of 2 letters both dated December 17, 2013 one addressed to
Principal Secretary, Department of Commerce and Industries, GoK and the other
addressed to Department of Commerce, New Delhi cited reasons such as economic
slowdown and recessionary phase of business and market conditions and requested
the aforesaid authorities to take the application on record and grant approval
for withdrawal of the notification for acquisition issued under the SEZ
Notification and also requesting the authorities to revoke the Formal Approval;

 

W.

Under a letter dated January 6, 2014, BBREPL informed the Additional Chief
Secretary to GoK (Department of Commerce and Industries) that the lands situated
in survey Nos. 103, 104, 105, 108/1, 108/2, 109 and 112 will not be developed as
a special economic zone and that a revised approval be issue by the SHLCC
similar to an approval provided earlier for: (a) the development of the
aforesaid properties as per applicable development control regulations; and (b)
transfer of the aforesaid properties/portions thereof and development thereon
including by way of sale/mortgage/transfer/lease to third parties;

 

 

 

 

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X.

By way of a letter dated April 2, 2014 BBREPL also informed the Development
Commissioner that it does not wish to seek extension of validity of the
extension of validity of the Formal Approval beyond March 31, 2014;

 

Y.

By way of a letter dated April 28, 2014, the Additional Chief Secretary to the
GoK, Commerce and Industries Department informed the Director, Department of
Commerce, GoI that GoK has no objection for the withdrawal of the acquisition
notification with respect to the SEZ proposed by BBREPL on the Project Land.
However, it was also directed that the land use of the subject properties, being
the Larger Property save Portion VIII, shall remain unchanged as it was
envisaged originally;

 

Z.

Thereafter BBREPL by way of its letter dated July 3, 2014, has requested ADC SEZ
to maintain BBREPL’s application for withdrawal of the acquisition proceedings
as notified under the SEZ Notification and hold and not to forward ADC SEZ’s
recommendation in relation to the aforesaid withdrawal of the acquisition
proceedings with respect to the SEZ to the Ministry of Commerce, GoI;

 

AA.

Subsequently, BBREPL by way of its letter dated September 22, 2014 addressed to
ADC SEZ has withdrawn the application seeking withdrawal of acquisition
proceedings and has requested the ADC SEZ not to process the withdrawal of the
SEZ Notification;

 

BB.

Under a letter dated September 23, 2014 BBREPL has requested ADC SEZ to extend
the Formal Approval for a further period of 3 years, i.e., from March 31, 2014
to March 31, 2017. BoA has extended the validity of the Formal Approval has been
extended upto March 31, 2017 vide a letter dated October 5, 2016 and further
extended upto March 31, 2018 and March 31, 2019 vide letters dated March 30,
2017 and February 15, 2018, respectively;

 

CC.

Brigade Properties Private Limited (a joint venture of Brigade Enterprises
Limited and GIC Singapore through its investment arm Reco Negonia Pte. Ltd.)
entered into a Memorandum of Understanding dated September 22 2014, with HUL in
connection with acquiring HUL’s shareholding in BBREPL, with a special condition
that the development of the SEZ project on the Project Land shall be pursued by
the new management. Pursuant to the said Memorandum of Understanding dated
September 22 2014, a Share Purchase Agreement dated March 23 2015 was executed
between Brigade Properties Private Limited and HUL, whereby HUL’s entire
shareholding in BBREPL was acquired by Brigade Properties Private Limited and in
consequent thereto BBREPL become a wholly owned subsidiary of Brigade Properties
Private Limited and step down subsidiary of Brigade Enterprises Limited;

 

DD.

BBREPL under an application dated September 23, 2014 requested the BoA to accord
approval for the change in its constitution and transfer of shareholding in

 

 

 

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favour of Brigade Properties Private Limited and the same was accorded vide a
letter dated March 17, 2014 issued by the BoA;

 

EE.

Subsequently the name of BBREPL was changed from Brooke Bond Real Estate Private
Limited to “Brookefields Real Estates and Projects Private Limited”, with effect
from June 25, 2015;

 

FF.

Accordingly, Brookefields Real Estates and Projects Private Limited (the Lessor
herein and a wholly owned subsidiary of Brigade Properties Private Limited and a
step down subsidiary of Brigade Enterprises Limited), is undertaking the
development of the Project Land into a SEZ IT/ITES Park with a built up area of
approximately 30,00,000 (thirty lakh) square feet, in the name and style of
“Brigade Tech Gardens” (“Project”);

 

GG.

The Project comprises of towers A (food and beverage, retail and serviced
apartments), B1 (SEZ office), B2 (proposed health club and swimming pool), B3
(SEZ office), B4 (convention centre), C1 (SEZ office), C2 (SEZ office), C3
(amphitheater), C4 (SEZ office), and C5 (SEZ office), out of which B1, B3, C1,
C2, C4 and C5 are SEZ office space towers and the remaining towers cater to the
allied services including food and beverage, proposed serviced apartments (A
Block), convention centre (B4), amphitheater (C3), health club and swimming pool
(B2) etc;

 

HH.

Tower B1, having an aggregate super built-up area of 5,58,183 (five lakh fifty
eight thousand one hundred and eighty three) square feet and One Basement +
Ground + 6 (six) floors each, more fully described in the Second Schedule
hereunder written and hereinafter referred to as the said “Building”;

 

II.

The Lessor has obtained a partial occupancy certificate dated January 23, 2019
bearing No. BBMP/Addl.Dir/ JD North/ 0139/2016-17. By way off the said partial
occupancy certificate BBMP has granted permission to occupy inter alia the
Building (“Occupancy Certificate”).

 

JJ.

The Lessor and the Lessee have negotiated for lease of the premises measuring
96,522 (ninety six thousand five hundred and twenty two) square feet of super
built up area comprising of space admeasuring 17,925 (seventeen thousand nine
hundred and twenty five) square feet of super built up area situated on Part of
5th (fifth) floor (Unit No. 502) and 78,597 (seventy eight thousand five hundred
and ninety seven) square feet situated on the 6th (sixth) floor (Unit Nos. 601,
602, 603 and 604) of the Building for housing offices of the Lessee (the said
premises is morefully detailed in the Third Schedule hereunder and shall
hereinafter be referred to as “Premises”), and pursuant to its negotiations, the
Lessor has agreed to lease to the Lessee and the Lessee has agreed to take on
lease the Premises in warm shell condition.;

 

 

 

 

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KK.

Pursuant to the terms of the Letter of Intent, the Parties hereby agree to
execute this formal Lease Deed for grant of lease by the Lessor in respect of
the Premises and the Car Parking Spaces in favour of the Lessee along with the
right to use the common areas in the Building and the Project from the date
herein below mentioned, for the Rent reserved and on the terms and conditions
stated herein after;

 

NOW THEREFORE, in consideration of the promises and covenants herein set forth
and for other good and valuable consideration, the receipt, adequacy and legal
sufficiency of which are hereby acknowledged, the Parties mutually agree as
follows:

1.

DEFINITIONS.

 

 

Unless the context herein otherwise provides, the following terms shall have the
meanings assigned thereto:

 

1.1

“Affiliates” shall mean any holding or subsidiary company of the Lessor or the
Lessee as the case may be, any transferee companies which have resulted from a
merger of the Lessor or the Lessee company with another entity as the case may
be, and with respect to any entity, any company, corporation, association or
other entity, in which, the Lessor or the Lessee, directly or indirectly
controls, is controlled by or is under common control with such entity, such
control being exercised by the Lessor or the Lessee through its ability to
direct the management and policies of the controlled entity through ownership of
voting shares of the controlled entity. The term “control” (including without
limitation “controlled by” or “under the common control of”) shall mean the
direct or indirect ownership of, or power to vote, no less than 51% (fifty one
percent) of the voting power of all equity securities or other ownership
interests;

 

 

1.2

“Applicable Laws” means any and all laws, rules, regulations, ordinances,
bye-laws, including any amendments or re-enactments thereto from time to time,
orders, directives, codes, judgments, decrees, injunctions, determinations,
awards, permits, licences, authorisations, rulings of, agreements with, or by
any commission, court or other Government or regulatory authority,
instrumentality or forum, whether central, state, local, municipal or judicial,
as may be applicable from time to time;

 

 

1.3

“Appropriate Authority” shall mean and include Bruhat Bangalore Mahanagara
Palike (“BBMP”), Karnataka Industrial Areas Development Board (“KIADB”),
Bangalore Development Authority (“BDA”), Bangalore Water Supply and Sewerage
Board (“BWSSB”), Bangalore Fire Services Department, Airport Authority of India,
Telecommunication Department, Bangalore Electric Supply Company Limited
(“BESCOM”), Karnataka State Electrical Inspectorate (Lifts) and/or any other
government and or semi-government authorities/ agencies/departments including
any and all authorities/ agencies/departments of or

 

 

 

 

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constituted by local, municipal, state and central government and or under any
legislation, ordinance etc. and or any judicial or quasi-judicial authority as
may be applicable;

 

 

1.4

“Approvals” shall mean all necessary statutory approvals, consents and
permissions required to construct and occupy the Building;

 

 

1.5

“Building” shall mean the Building as defined in Recital HH above;

 

 

1.6

“Business Day(s)” shall mean a day other than Sunday on which scheduled
commercial banks are open for normal banking business in Bangalore;

 

 

1.7

“Car Parking Rent” shall mean the monthly consideration payable by the Lessee
for the use of the Car Parking Space provided by the Lessor to the Lessee as
stated in Clause 6.2;

 

 

1.8

“Car Parking Spaces” shall mean 129 (one hundred and twenty nine) contiguous
numbers mechanical Car Parking Spaces in the basement of the Building calculated
in the ratio of 1:750 square feet of Super Built Up Area for the exclusive use
of the Lessee;

 

 

1.9

“Carpet Area” shall mean the entire office area on each floor of the Building
including the external walls of the office units, including column spaces, any
dedicated air handling unit rooms, toilet areas and other dedicated areas (such
as electrical and telecom rooms) but shall not include open terraces and
basement areas for car parking and shall not be less than 75% +/- 2%% of the
Super Built Up Area;

 

 

1.10

“Common Areas” shall collectively mean the Common Areas of the Building and the
Common Areas of the Project defined below;

 

 

1.11

“Common Area of the Project” shall mean all areas and facilities located or
installed outside of the Building, but within the Project which are installed
and provided by the Lessor at its own expense and designated by the Lessor for
the general use and convenience of all, some or one of the lessees in the
Project, their respective clients, employees, customers and guests including the
areas and facilities such as specified in Annexure 1 hereto;

 

 

1.12

“Common Area of the Building” shall mean all areas and facilities located or
installed within or affixed to the Building, which are installed and provided by
the Lessor at its own expense and designated by the Lessor for the general use
and convenience of all, some or one of the lessees in the Building, their
respective clients, employees, customers and guests, including the areas and
facilities such as corridors, hallways, service areas, elevators and elevator
lobby, equipment rooms, DG room, electrical room, STP room;

 

 

 

 

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1.13

“Communications Equipment” shall mean communications devices (including but not
limited to satellite dishes, radio masts and other equipment to receive and
transmit messages and information) and related equipment and cabling;

 

 

1.14

“Encumbrance” shall mean (i) any mortgage, charge (whether fixed or floating),
pledge, lien (including negative lien), hypothecation, assignment, title
retention pertaining to the Premises, any obligation of any Person including
without limitation, any right granted by a transaction which, in legal terms, is
not the granting of security but which has an economic or financial effect
similar to the granting of security under Applicable Laws against the Premises,
(ii) any right of first offer, or refusal or transfer restriction in favour of
any person pertaining to the Premises, and (iii) any adverse claim as to title,
possession, access or use of the Premises;

 

 

1.15

“Force Majeure Event” shall mean storm, earthquake, hurricane, tornado, flood or
other acts of God, fire or other casualty or accident, strikes,(not due to any
act, neglect or default of the Lessor), war or other violence, act of terrorism,
insurrection, epidemics, quarantine restrictions or other public health
restrictions, any law, or regulation of any government, governmental delay, or
any act or condition whatsoever beyond the reasonable control of Lessor;

 

 

1.16

“Handover Date for Fitouts” shall mean February 01, 2019 being the date of
handover of the Premises completed as per Warm Shell Specifications as provided
in Annexure 3;

 

 

1.17

“Initial Term” shall mean lease for a term of 10 (ten) years from Lease
Commencement Date;

 

 

1.18

“Letter of Intent/LOI” shall mean the letter of intent dated June 14, 2018
executed between the Parties;

 

 

1.19

“Lease Commencement Date” shall mean the Handover Date for Fitouts i.e. February
01, 2019;

 

 

1.20

“Lease Deed” shall mean this document;

 

 

1.21

“Lock-in Period” shall have the meaning ascribed to it in Clause 5 herein;

 

 

1.22

“Maintenance Agency” shall mean the property management company, who are the
exclusive and designated maintenance manager of the Project;

 

 

1.23

“Maintenance Charges” shall mean the charges towards the Maintenance Services to
be paid to the Maintenance Agency, as stated in Clause 15.2;

 

 

 

 

 

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1.24

“Maintenance Services” shall mean all the services agreed to be provided by the
Maintenance Agency as per Annexure 2 attached hereto;

 

 

1.25

“Occupancy Certificate” shall mean the Occupancy Certificate as defined in
Recital II above;;

 

 

1.26

“Parties” shall mean Lessor and Lessee collectively and “Party” shall mean the
Lessor or the Lessee individually;

 

 

1.27

“Premises” shall mean the Premises defined in Recital JJ above constructed as
per the Warm Shell Specifications;

 

 

1.28

“Rent” shall mean the monthly consideration, being the sum of the Premises Rent
as stated in Clause 6.1 hereof and the Car Parking Rent as stated in Clause 6.2;

 

 

1.29

“Rent Commencement Date” shall mean 5 (five) months from the Lease Commencement
Date; i.e. July 01, 2019.

 

 

1.30

“Rent Free Period” shall mean the period between the Lease Commencement Date and
the Rent Commencement Date, which period shall be used by the Lessee to carry
out the Lessee’s Improvements at the Premises in accordance with Clause 18;

 

 

1.31

“Renewal Term” After initial Lease Period of 10 (ten) years, lease can be
renewed for further period as stated in Clause 4.2;

 

 

1.32

“Security Deposit” shall mean the interest free refundable security deposit paid
by the Lessee to the Lessor as per Clause 7 hereof;

 

 

1.33

“SEZ Approval” means the approval obtained by the Lessee under Section 15 of the
SEZ Act read with Chapter III of the SEZ Rules on or before the Lease
Commencement Date to use the Premises as its office space;

 

 

1.34

“Super Built Up Area” shall, in respect of the Premises, mean: (i) the built up
area of the Premises including all external walls; (ii) balconies and sit outs,
if any; (iii) the proportionate share in all the Common Areas, amenities and
services of the Building; (iv) amenities and services provided in the terrace
floor of the Building, but does not include external staircases, terrace areas,
basements, stilt floors and parking spaces (but includes the service areas);

 

 

1.35

“Taxes” shall mean the taxes and other dues described in Clause 9;

 

 

1.36

“Term” shall mean the Initial Term stated in Clause 4.1 and shall include the
Renewal Term/s stated in Clause 4.2 if the Lessee exercises its renewal option;

 

 

 

 

 

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1.37

“Utilities” shall mean the supply of raw power, back-up power, HVAC cold water
supply, water supply to the Premises and Common Areas as provided in Clauses 13,
14, and 15;

 

 

1.38

“Utilities Charges” shall mean the charges payable by the Lessee for the use of
Utilities as provided in Clauses 13, 14 and 15 below; and

 

 

1.39

“Warm Shell Specifications” shall mean the specifications as per the Annexure 3
attached hereto for the Premises and the Building.

 

 

2.

INTERPRETATION.

 

 

In construing this Lease Deed:

2.1.

The headings are inserted for ease of reference only and shall not affect the
construction or interpretation of this Lease deed;

 

 

2.2.

References to one gender includes all genders;

 

 

2.3.

Any reference to any enactment or statutory provision is a reference to it as it
may have been, or may from time to time be, amended, modified, consolidated or
re-enacted at the relevant time;

 

 

2.4.

Words in the singular shall include the plural and vice versa;

 

 

2.5.

References to an “agreement” including this Lease Deed or “document” shall be
construed as a reference to such agreement or document along with the schedules
and annexures attached hereto, as the same may have been amended, varied,
supplemented or novated in writing at the relevant time in accordance with the
requirements of such agreement or document and, if applicable, of this Lease
Deed with respect to amendments and in the events of inconsistency between the
provisions of this Lease Deed and the schedules or annexures, the provisions of
this Lease Deed shall take precedence;

 

 

2.6.

Unless otherwise specified, time periods within or following which any payment
is to be made or act is to be done shall be calculated by including the day on
which the period commences and including the day on which the period ends and by
extending the period to the following Business Day if the last day of such
period is not a Business Day;

 

 

2.7.

Unless otherwise specified, whenever any payment is to be made or action taken
under this Lease Deed is required to be made or taken on a day other than a
Business Day such payment shall be made or action taken on the next Business
Day;

 

 

 

 

 

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2.8.

The words “include”, “including”, or “such as” are not used as, nor is it to be
interpreted as, a word of limitation and when introducing an example, do not
limit the meaning of the words to which the examples of a similar kind apply;

 

 

2.9.

The terms “herein”, “hereof”, “hereto”, “hereunder” and words of similar purport
refer to this Lease Deed as a whole;

 

 

2.10.

Any consents to be given by the Parties pursuant to or in accordance with this
Lease Deed unless otherwise provided in the Lease Deed shall be at the sole
discretion of such Party and shall always be in writing;

 

 

2.11.

References to the knowledge of any Person shall mean the actual knowledge of
such Person after making all due diligence inquiries and investigations which
would be expected or required from a person of ordinary prudence; and

 

 

2.12.

No provisions of this Lease Deed shall be interpreted in favour of, or against,
any Party by reason of the extent to which such Party or its counsel
participated in the drafting hereof or by reason of the extent to which any such
provision is inconsistent with any prior draft hereof.

 

 

3.

GRANT OF LEASE AND HANDOVER OF POSSESSION.

 

 

3.1.

In consideration of the Lessee, depositing the amounts payable towards the
Security Deposit, agreeing to pay the Rent hereby reserved and complying with
the terms of this Lease Deed, the Lessor hereby grants the lease to the Lessee,
and the Lessee hereby agrees to take on lease from the Lessor, the Premises
together with the Car Parking Spaces and the right to use the common areas in
the Building and the Project for the Term.

 

 

3.2.

The Lessor hereby confirms that the delivery of possession of the Premises along
with the Car Parking Spaces shall be handed over by the Lessor to the Lessee on
the Handover Date for Fitouts. The Carpet Area of the Premises shall be 75% of
the Super Built Up Area with an acceptable variance of +/- 2%.

 

 

3.3.

Prior to the Handover Date for Fitouts, the Parties have conducted a joint
inspection and measurement of the Premises, and have confirmed that the Carpet
Area of the Premises is at 75% +/- 2% efficiency of the Super Built Up Area.

 

 

3.4.

The Lessor hereby confirms that the Lessor will abide by the timelines for
providing the amenities being provided to the Premises as specified in Annexure
4.

 

 

 

 

 

 

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3.5.

The Lessor on the Handover Date for Fitouts has handed over possession of the
Premises to the Lessee in accordance with the Warm Shell Specifications as per
the Annexure 3.

 

 

 

4.

DURATION OF LEASE.

 

 

4.1.

Initial Term. The lease of the Premises shall commence on the Lease Commencement
Date and shall be for a period of 10 (ten) years thereafter (the “Initial
Term”).

 

 

4.2.

Renewal Term. After the initial Term, lease can be renewed at sole option of the
Lessee for a further period on mutually agreeable lease terms as per market
terms including the Security Deposit being topped up to match 9 (nine) months’
deposit. The Lessee shall provide the Lessor a written notice of the Lessee’s
intention to renew the lease, 6 (six) months prior to the expiry of the Initial
Term. It is categorically agreed to between the Parties that any such renewal
shall only be validly operational and come into effect only upon execution and
registration of a fresh lease deed which shall be done at least 60 (sixty) days
before the expiry of the Initial Term by efflux of time.

 

 

5.

LOCK-IN PERIOD.

 

 

5.1.

The Parties hereby agree that the Lessee shall not be entitled to terminate the
Lease for a period of 3 (three) years from the Lease Commencement Date (the
“Lock-In Period”), save and except as provided in Clauses 26.2 and 28. If the
Lessee terminates the Lease during the Lock-In Period for reason other than as
provided in Clauses 26.2 and 28 or the Lease is terminated by the Lessor as
provided in Clauses 26.3 and 26.4, the Lessee shall become liable to pay the
Rent payable for the remainder of the Lock-In Period as compensation (“Unexpired
Rent”), which have been agreed between the Parties hereto as pre-determined
damages that would be suffered by the Lessor and neither the Lessor nor the
Lessee shall question the quantum of the Unexpired Rent. It is clarified that if
the lease is terminated by the Lessee for reasons under Clauses 26.2 and 28, the
Lessee will not be liable to pay the Unexpired Rent.

 

 

6.

RENT.

 

 

6.1.

The Lessee agrees to pay the Lessor, subject to statutory deductions, rent of
Rs.51/- (Rupees Fifty One Only) per square feet per month (the “Premises Rent”).

 

 

6.2.

The Lessee shall pay the Lessor rent of Rs. 3250/- (Three Thousand Two Hundred
Fifty Only) per Car Parking Space per month (the “Car Parking Rent”).

 

 

 

 

 

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Payment of Rent (the “Rent”, being the Premises Rent and Car Parking Rent.) From
the Rent Commencement Date and throughout the Term, the Lessee shall pay the
Rent monthly in advance on or before the 10th (tenth) Business Day of each
calendar month in respect of which the same are due (the “Due Date”). The Lessee
shall deposit the Rent to Lessor’s ICICI bank account No. 000205026622 and any
changes to the bank account to which the Rent is required to be credited, shall
be intimated to the Lessee atleast 30 (thirty) days in advance throughout the
Term with a written consent from ICICI bank for change in crediting the Rent to
such other bank account as required by the Lessor.

 

6.3.

Pro rata Payment. If the Rent Commencement Date is other than the 1st (first)
day of a calendar month, then the Rent for such partial month shall be prorated
on a daily basis, based on the actual number of days remaining in such month and
shall be payable on the Rent Commencement Date.

 

 

6.4.

Escalation. The Parties hereby agree that during the Term and effective from the
Rent Commencement Date, the Rent payable shall stand escalated by 15% (fifteen
percent) at the end of every 3 (three) years on the Premises Rent and 12%
(twelve percent) at the end of every 3 (three) years on Carpark Rent calculated
on the last paid Rent.

 

 

7.

SECURITY DEPOSIT.

 

 

7.1.

Security Deposit. The Lessee, for the due performance of its obligations herein,
has agreed to maintain with the Lessor an interest free refundable security
deposit equal to 9 (nine) months’ Premises and Carpark Rent, amounting to Rs.
4,80,76,848/- (Rupees Four Crores Eighty Lakhs Seventy Six Thousand Eight
Hundred and Forty Eight only) (the “Security Deposit”).

 

 

7.2.

Payment of Security Deposit. The Parties acknowledge and confirm that the
aforesaid Security Deposit amount has been paid by the Lessee to the Lessor in
manner as set out below:

 

 

 

(i)

Sum of Rs. 98,45,244/- (Rupees Ninety Eight Lakhs Forty Five Thousand Two
Hundred and Forty Four only), equivalent to 2 (two) months Premises Rent has
been deposited with the Lessor at the time of signing of the LOI by means of
wire transfer bearing transaction reference No. 186K81115FMD2Q28 dated June 20,
2018the receipt whereof the Lessor hereby acknowledges; and

 

 

 

(ii)

A sum of Rs.3,82,31,604/- (Rupees Three Crores Eighty Two Lakhs Thirty One
Thousand Six Hundred and Four only), equivalent to 7 (seven) months Premises
Rent and Car Park Rent has been deposited with the Lessor simultaneously with
the execution of this Lease Deed, the receipt whereof the Lessor hereby
acknowledges.

 

 

 

 

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7.3.

Refund of Security Deposit. On the expiry or earlier termination of the lease of
the Premises, the Lessor shall, simultaneously with the Lessee delivering
physical and vacant possession of the Premises to the Lessor, refund the
Security Deposit to the Lessee, subject to adjustments of any arrears of Rent
and/or Utilities Charges and/or Maintenance Charges, payable by the Lessee under
the Lease Deed or towards any damages to the Premises due to Lessee’s acts of
omission or commission (normal wear and tear exempted).

 

 

7.4.

Failure to refund the Security Deposit. If the Lessor fails to refund the
Security Deposit or any portion thereof in terms of Clause 7.3 above despite the
Lessee offering to handover the possession of the said Premises, then without
prejudice to the Lessee’s right to recover the same, the Lessee shall hold back
/ retain constructive possession of the Premises without the payment of any Rent
and Maintenance Charges from the date of expiry of the Term or the early
termination of the lease of the Premises to the date of actual repayment of the
amounts toward the Security Deposit along with an interest at the rate of 18%
per annum from the date on which the Security Deposit is due till the date of
actual refund to the Lessee. Such remaining in possession of the Premises by the
Lessee shall not constitute a default by the Lessee of the lease provided such
that the Lessee does not conduct business out of the Premises during such
period. However, the Lessee shall bear the Utilities Charges for the Premises
during the possession of the Premises.

 

 

8.

TAX DEDUCTIONS.

 

 

8.1.

The Lessee shall deduct tax at source as may be applicable under the Applicable
Laws on all payments to the Lessor. The Lessee shall provide tax deduction at
source certificates to the Lessor within 3 (three) months from closure of each
financial year.

 

 

8.2.

In the event of termination or early expiry of the lease, the Lessee shall pay
to the Government all outstanding amounts of TDS from the Rent, Maintenance
Charges and other amounts payable under this Lease Deed, for the period ending
with the termination of the lease and issue to the Lessor, the necessary
certificate denoting the amount of TDS in accordance with the Applicable Laws.

 

 

8.3.

The Lessor shall give the Lessee a valid tax invoice in accordance with the
Goods and Service Tax Act, 2016 (“GST Act”) showing the applicable GST payable
on the Rent and Utilities Charges. The Lessor is solely responsible to remit the
GST amount collected from the Lessee with the tax collection authority within
the prescribed timeline as per the GST Act. The Lessor shall cooperate with the
Lessee and assist the Lessee to claim timely input tax credit. It shall be the
sole responsibility of the Lessee to inform the Lessor in writing about the
address and GSTN on which such invoices have to be raised by the Lessor in
accordance with

 

 

 

 

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GST provision of place of service. Notwithstanding anything contained under this
Clause, all income tax liabilities of the Lessor under Income Tax Act, 1961,
arising in connection with or out of this lease shall be the responsibility of
the Lessor.

 

 

9.

PAYMENT OF TAXES.

 

 

9.1.

Property Tax: The Lessor will be solely liable to pay all past, present and
future rates, taxes, cesses, assessments and other outgoings with respect to the
Premises and the Project Land, including but not restricted to, land tax,
building tax, corporation and house tax, property tax and municipal tax
(“Property Taxes”) as applicable. In the event of default in payment of Property
Taxes and if the same is demanded from the Lessee, the Lessee, at its
discretion, shall pay and recover such amounts by deducting from the immediate
Rents payable by the Lessee.

 

 

9.2.

Taxes on Rents and Utilities Charges paid by the Lessee: Any tax in the nature
of Goods and Service Tax or any other tax as may be applicable which is
incidental on the payment of Rent and Utilities Charges other than: (i) income
tax or any company/corporate taxes which may be directly levied upon the Lessor
whatsoever; or (ii) Property Tax as set out in Clause 9.1 above, shall be paid
by the Lessee along with the Rent and Utilities Charges.

 

 

10.

LESSOR’S REPRESENTATIONS AND WARRANTIES.

 

 

10.1.

The Lessor represents and warrants as under that:

 

 

 

(i)

The Lessor (a) is the sole and absolute owner of the Project Land, Building and
the Premises, having valid title and ownership right thereto; (b) has the
absolute, right, authority and power to grant a lease of the Premises and the
Car Parking Spaces to the Lessee upon the terms and conditions herein contained;
(c) that there are no legal impediments of any nature whatsoever in leasing the
Premises and the Car Parking Spaces; (d) has not created any encumbrance, lien
or charge on the Premises, save and except for the project loan taken by Lessor
from ICICI Bank for which a no-objection certificate dated 15th October 2018 is
provided by the Lessor (e) that the Lessee shall have uninterrupted, quiet,
peaceful, physical, vacant and legal possession of the Premises, Car Parking
Spaces and right to use the Common Areas; and (f) is entitled to develop the
Project Land, develop and construct the Project and the Building on the Project
Land and let out the Premises to the Lessee on lease in accordance with the
terms hereof;

 

 

(ii)

The Building (including the Premises) has been constructed pursuant to (a) the
plan sanctioned by the concerned Appropriate Authorities and (b) the Warm Shell
Specifications and there exists no deviations from the sanctioned plan beyond
permissible limits;

 

 

 

 

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(iii)

Other than this Lease Deed, the Lessor has not entered into any letter of
intent, memorandum of understanding or agreement or arrangement of any nature
whatsoever, oral or written with any third party in respect of selling and or
leasing or otherwise transferring the Premises;

 

 

(iv)

All approvals, consents and permissions necessary under the Applicable Laws for
the construction and occupation of the Premises have been obtained by the Lessor
including any approval required to be obtained by the Lessor under the SEZ Act
(on or before the Lease Commencement Date);

 

 

(v)

There exists no claims, actions, litigations, arbitrations, land acquisition
proceedings, garnishee or any process issued by any court or authority including
the competent authority under the Income Tax Act, 1961 or other proceedings
whatsoever relating to the Premises;

 

 

(vi)

The Lessee, its agents, representatives, employees and guests shall have
unrestricted, unlimited and unimpaired access and the use of, the Premises at
all times, during the day or the night for 24 (twenty four) hours a day, 7
(seven) days a week basis in all 365 (three hundred and sixty five) days of the
year during the Term;

 

 

(vii)

The electricity, water and sewerage connections have been provided to the
Premises before the Lease Commencement Date and each such connection is fully
functional from the Lease Commencement Date and maintained so during the Term;

 

 

(viii)

The Lessor shall be liable to pay all property taxes, Utilities and Maintenance
Charges, if any, in respect of the Premises prior to handing over of the
Premises to the Lessee and shall be liable to pay the Property Taxes promptly
and regularly throughout the Term. It is, however, clarified that on and from
the from the Lease Commencement Date, the Lessee shall pay all the Utilities
Charges and Maintenance Charges in accordance with Clauses 13, 14 and 15;

 

 

(ix)

The Lessee, on paying the Rent, Utilities Charges, Maintenance Charges on the
respective due dates thereof and in the manner herein provided and on observing
and performing the covenants, conditions and stipulations contained herein and
on its part being observed and performed, shall be entitled to unimpeded, quiet,
peaceful possession, use and occupation of the Premises and the Car Parking
Spaces at all times during the Term, 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 it; and

 

 

 

 

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(x)

The Lessor shall keep and maintain the Premises in wind and water tight
condition and shall maintain the water and sanitary pipes, electric wiring, High
Side Air Conditioning for the Premises in good condition.

 

 

(xi)

The Lessor has passed all the required board resolutions for the execution of
this Lease Deed.

 

10.2.

The Lessor confirms that the abovementioned representations, warranties and
covenants are accurate and true, and based on the abovementioned
representations, covenants, warranties and undertakings made by the Lessor to
the Lessee, and believing the same to be true and correct, the Lessee has
entered into this Lease Deed. It is the agreement of the Parties that the
representations, warranties, and covenants made herein by the Lessor shall not
be affected or deemed waived by reason of any investigation/due diligence
undertaken by or on behalf of the Lessee, unless specifically disclosed by the
Lessor, or by reason of the Lessee or any of its advisors, agents, consultants
or representatives knowing or should have known that any such representation or
warranty or covenant is or might be inaccurate or untrue.

 

 

11.

LESSOR’S OBLIGATIONS.

 

 

 

(i)

The Lessor shall allow the Lessee to install the Communication Equipment as
required for its business needs and the Lessor shall provide the space for
installation of the same at the terrace and other appropriate places in the
building subject to technical feasibility. The Lessee confirms that the height
of the Communication Equipment shall not exceed the height restrictions as per
Airport Authority of India and HAL norms;

 

 

(ii)

The Lessor shall as per applicable environmental laws obtain the consent to
operate the Building from the Karnataka State Pollution Control Board within
March 31, 2019 and upon receipt of such consent, hand over a copy of such
consent to the Lessee.

 

 

(iii)

The Lessor shall allow the Lessee to apply for, obtain and install as many
telephone/ fax/ data transmission lines in the Premises as it may deem necessary
for its business purposes in its own name and at its own cost. On receipt of a
request from the Lessee, the Lessor, without imposing any conditions, shall
execute such documents as may be required by the Lessee for applying, obtaining
and installing such telephone/ fax/ data transmission lines;

 

 

(iv)

The Lessor shall provide space within the Building for installing additional
air-conditioning units to cater to needs of the Lessee’s business operations. It
is however clarified that the Lessee shall use such space without affecting the
elevation and aesthetics of the Building and shall be in accordance with the
Applicable Laws;

 

 

 

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(v)

The Lessor shall allow the Lessee to make and effect upon the Premises such
renovations, additions, alterations and changes as the Lessee may deem
necessary, incidental or advantageous for the conduct of its business without
any building structural damages; and

 

 

(vi)

The Lessor shall allow the Lessee to use and enjoy along with other occupants
the entrances, staircase, landings, corridors, road and passage in and outside
the Premises hereto and the right of ingress to and egress from the Premises and
the Car Parking Spaces so far as the same are necessary for the enjoyment of the
Premises and the Car Parking Spaces by the Lessee, its customers, servants,
agents, visitors and invitees.

 

12.

LESSEE’S REPRESENTATIONS AND WARRANTIES.

 

 

The Lessee represents and warrants the following:

 

(i)

The Lessee shall, from the Rent Commencement Date, pay the Rent payable on its
due date without any delay or demand and pay the Utilities Charges and
Maintenance Charges to the Maintenance Agency within the prescribed time frame
commencing from the Lease Commencement Date;

 

 

(ii)

The Lessee shall permit the Lessor or Maintenance Agency and their
representatives to enter the Premises for the purpose of inspection or rendering
Maintenance Services, at normal working hours, after prior notice of 24 hours,
except in the events of bona fide emergency, where notice is not required to be
provided. It is clarified that during such inspection, if the Lessor finds any
defect in the condition of the Premises caused by any act or default on the part
of the Lessee or its representatives, the Lessor shall provide notice of such
defect and the Lessee shall be bound to rectify such defect within mutually
agreed time lines from such notice; failing which the same shall be considered
as a breach on part of the Lessee;

 

 

(iii)

The Lessee shall always observe and perform all the terms and conditions,
covenants and provisions on which the Premises is agreed to be given on lease.
It shall not do, omit or knowingly suffer to be done anything whereby the right
of the Lessor to the Premises is violated, forfeited, jeopardized or
extinguished;

 

 

(iv)

The Lessee shall be responsible for the safety and security of all its
materials, equipment and goods;

 

 

(v)

The Lessee shall not store any hazardous or inflammable items without securing
all statutory permission and fully implementing safety regulation

 

 

 

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required for the said purpose and shall comply with the safety measures as may
be reasonably and properly recommended by the Lessor;

 

 

(vi)

The Lessee shall use the Premises with due care and caution, except reasonable
wear and tear, and not do anything that would diminish the value of the
Premises/ building or permit anything to be done that is contrary to any of the
terms of this Lease Deed or provision of any Applicable Law for the time being
in force;

 

 

(vii)

The Lessee shall use the Premises for the permitted business and such allied
purposes abiding by all Applicable Laws, apply for and keep up-to-date all
requisite approvals as may be required to carry on its business activities in or
in relation to the Premises as per Applicable Laws and not carry on any
activities which are unlawful, illegal or dangerous; and

 

 

(viii)

The Lessee shall not do or suffer to be done in or in relation to the Premises
anything which may cause nuisance, annoyance or disturbance to or interferes
with the quiet use, enjoyment and comfort of the Lessor or the other occupants
of the Building and Project.

 

13.

ELECTRICITY.

 

 

13.1.

Raw Power. The Lessor shall provide raw electrical power of upto 0.8 KVA for
every 100 (one hundred) square feet of Super Built Up Area of the Premises and
that such power is supplied by Bangalore Electricity Supply Company Limited
(“BESCOM”) and available on the Lease Commencement Date. In the event the Lessee
requires a power load greater than the power load agreed herein the Lessor
shall, upon the Lessee's request, and subject to feasibility, provide the
additional load to the Premises for both main supply and back up. In the event
that the Lessee’s request is any time before the Rent commencement Date, the
Lessee shall pay one time additional charges to the Lessor equivalent to Rs.
50,000/- (Rupees Fifty Thousand) per KVA for both main supply and back up. In
the event that the Lessee’s request is after the Rent Commencement Date, the
Parties shall mutually agree on the infrastructure cost to be paid by the Lessee
for availing such additional power.

 

 

13.2.

Power Consumption Charges. The Lessee shall from the Lease Commencement Date
bear and pay the electricity charges (based on HT rates) allocable to the
Premises based on bills issued by Maintenance Agency with regard to actual
consumption of power in the Premises by the Lessee as per the reading in the
separate meter at rates as applicable to units in SEZ. The Lessee has been made
aware that BESCOM has provided a single meter to the whole Building and from
that meter, power to the whole Premises would be provided under a separate
sub-meter for the Premises. In the event of the Lessee failing to pay the
consumption charges for its use of the electricity for continuous period of 2
(two) months Lessor

 

 

 

 

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may without prejudice to the right to terminate the lease in terms of Clause
26.3, at its discretion and under a written notice to the Lessee, pay such
charges to ensure that the electricity supply is not disrupted which will
thereby affect the entire Building in which the Premises is situated. The Lessee
shall forthwith become liable to pay the amounts paid by the Lessor with
interest thereon at the rate of 18% per annum from the date of the Lessor having
paid the amounts to the Appropriate Authority. The Maintenance Agency/ Lessor
shall be responsible for prompt and timely payment of power consumption charges
to BESCOM. In the event there is any default in payment of electricity charges
by the Maintenance Agency/ Lessor for any reasons not attributable to the
Lessee, resulting in disruption of power supply to the Premises by BESCOM, the
Lessor/ Maintenance Agency, shall take appropriate measures to restore the power
supply immediately within2 (two) days such that the Lessee is ensured of
continuous power supply. However in the event the said power is not restored
within said 2 (two) days from disruption then the Lessor shall, as an
alternative, provide electricity through common DG, and the Lessee shall for
consumption of such alternate power, pay the Lessor the rate applicable for HT
electricity connection of BESCOM. However further, it is clarified that the
BESCOM rates shall not be applicable if the power through DG supplied is due to
any load shedding which shall be as per the diesel consumption rates.

 

 

13.3.

Monthly Minimum Deposit. The Lessor has informed the Lessee that BESCOM charges
a minimum deposit relatable to the power consumption (“MMD”) and presently such
demand for deposit is a 3 (three) months’ consumption charges as MMD. The
obligation to pay the MMD or the enhancements in MMD as charged by BESCOM from
time to time during the Term shall be of the Lessee. The Lessee shall pay the
MMD and/or the enhancements in MMD within the time period stipulated for such
payment as stated in the demand for the same made by BESCOM. Failure of the
Lessee to pay the MMD and/or enhancements in MMD within the stipulated timeframe
as aforesaid shall be construed as breach by the Lessee. The Lessor, without
prejudice to its right to terminate, may at its discretion, pay the MMD and/or
enhancements in MMD to BESCOM and in such event the Lessee shall become liable
to reimburse to the Lessor the amounts paid by the Lessor towards MMD and/or
enhancements in MMD along with an interest of 18% per annum from the date of
payment by the Lessor within a period of 15 (fifteen) days thereof. In the
event, the MMD and/or the enhancements in MMD is required to be paid in the name
of the Lessor, the Lessee shall pay the said amounts in the name of Lessor and
it shall be the obligation of the Lessor to refund the same in full without any
interest on the same to the Lessee on termination of the Lease along with the
refund of the Security Deposit. The Lessor will be entitled to recover such MMD
/ enhancements in MMD from the BESCOM as and when the BESCOM becomes liable to
refund the same.

 

 

13.4.

Power Backup. The Lessor shall provide 100% (one hundred percent) backup power
for the Premises through diesel generator sets. The Lessee shall pay the

 

 

 

 

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Maintenance Agency for consumption of backup power through diesel generator
based on actual consumption of diesel cost. The charges will be based on the
meter reading for the back-up power provided for the Premises. It is further
expressly clarified that such charges shall only be payable by the Lessee as
regards the Premises and shall not include charges for backup power designated
for the Common Areas and cafeteria, which shall be paid by Lessee as per actuals
on proportionate basis to be paid by the Lessee.

 

 

13.5.

Maintenance of Power Equipment. The Lessee has been made aware that there would
be planned shut-down of power backup equipment for the purpose of maintenance
during which backup power will not be available. The Lessee shall not object to
such planned shut-downs which shall, as far as possible, be conducted only on
weekends, non-Business Days or during non-peak hours, after providing to the
Lessee prior written notice of 30 (thirty) Days.

 

 

13.6.

HVAC Systems. The Lessor shall provide the comfort AC to maintain office
temperature of 23 (twenty three) degree Celsius +/- 1 (one) degree Celsius i.e.
HVAC tonnage of upto 1TR for every 500 (five hundred) square feet on the Super
Built Up Area. The Lessee will be liable to pay the consumption charges for the
provision of air conditioning based on the chilled water consumption metered
through BTU Meter.

 

 

14.

WATER AND SEWERAGE.

 

 

14.1.

The Building has been provided with sewerage connections in accordance with
Applicable Laws. The Lessor shall arrange for water to meet the needs of the
Premises including water for toilets, maintenance and housekeeping, and other
purposes except drinking. Such water supply shall be either from the Bangalore
Water Supply and Sewerage Board and or tankers or any other source. The Lessee
shall pay the water consumption charges for the Premises and Common Areas
including common cafeteria as per actuals on a proportionate basis to be paid by
the Lessee.

 

 

15.

MAINTENANCE AND REPAIRS.

 

 

15.1.

Maintenance Services. The Lessor shall provide Maintenance Services as detailed
in Annexure 2 either by itself or through a Maintenance Agency. In the event,
the Maintenance Services are being delivered by the Maintenance Agency, the
Maintenance Agency shall raise the invoices for the Maintenance Charges and for
the Utilities Charges and collect the same directly from the occupants of the
Project. Any breach by the Maintenance Agency shall be deemed to be a breach by
the Lessor under this Lease Deed and consequences under Clause 28.2 shall
follow.

 

 

 

 

 

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15.2.

Maintenance Charges. The Lessee shall pay the Maintenance Agency monthly
Maintenance Charges commencing from the Rent Commencement Date or the Date on
which Lessee starts their operations whichever is earlier.as set out in the
Maintenance Agreement, which the Lessor has informed the Lessee is based on
actual cost plus 15% (fifteen percent) management fee plus taxes. Presently
estimated monthly maintenance charge for is Rs. 9/- (Rupees Nine only) per
square feet of Super Built Up Area per month which is exclusive of goods and
service tax. However, all variables like power consumption charges including DG
Backup, water charges and other consumables for the Common Area including common
cafeteria and campus maintenance, if any, will be extra as per actuals on
proportionate basis to be paid by the Lessee.

 

 

15.3.

Structural Repairs by Lessor. The Lessor shall take care of (or cause to be
taken care of) any major repairs to the Building or Utilities which may be in
the nature of structural repairs to the Building / Premises, or to any of the
sewage systems/pipes / water pipe / electrical installation, leakages excluding
dampening in the Building and/ or Premises. The Lessor shall, on being notified
of such structural repairs, take up the same immediately and complete the same
promptly. In the event, any such structural repair is required due to any act of
default or gross negligence of the Lessee, the Lessee shall be liable to bear
the cost of such repairs.

 

 

15.4.

Maintenance by Lessee. The Lessee shall carry out and be responsible for routine
maintenance of the interiors of the warm shell Premises including the AMCs for
the AHUs provided by the Lessor for Lessee’ use.

 

 

16.

QUIET ENJOYMENT AND USE OF THE PREMISES.

 

 

16.1.

Use of Premises.

 

 

 

(i)

The Lessor covenants and agrees that, upon the Lessee paying the Rent,
Maintenance Charges, Utilities Charges and observing the terms, covenants and
conditions of the Lease, the Lessee will be entitled lawfully, peaceably and
quietly hold, occupy and enjoy the Premises along with the use of the Common
Areas on a 7 (seven) days a week, 24 (twenty four) hours a day, 365 (three
hundred and sixty five) days a year basis, without any hindrance, obstruction
and at no extra charge, subject to the rules and regulations applicable to the
use of such Common Areas as prescribed by the Lessor, during the Term;

 

 

16.2.

Car Parking Spaces.

 

 

 

(i)

The Car Parking Spaces for the Premises shall be contiguous and are for the
exclusive use of the Lessee at all times during the Term;

 

 

 

 

 

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(ii)

The Car Parking Spaces shall be utilized only for parking of four-wheeler
vehicles and two-wheeler vehicles;

 

 

 

(iii)

The Lessor shall not be responsible for damage or loss to possessions or items
left in Lessee’s vehicles or any damage to Lessee’s vehicles, whether or not
such damage is caused by other vehicle(s) or person(s) in the parking lot,
unless for any reason attributable directly to the Lessor.

 

 

17.

BAR ON STRUCTURAL ALTERATIONS.

 

 

17.1.

The Lessee shall not make any structural addition or alteration to the Premises/
Building. The Lessee shall not make any alteration to any of the electrical or
plumbing lines or to the Premises or relocation of any electrical fitting,
wiring or relocation of any of the plumbing lines without prior written approval
from the Lessor.

 

 

18.

LESSEE’S IMPROVEMENTS.

 

 

The Lessee is, during the Rent Free Period, entitled to carry out its interior
works which are in the nature of non-structural alterations, in a good
workmanlike, safe and sound manner within the Premises (the “Lessee
Improvements”) in compliance with Applicable Laws, at its cost and using such
contractors as are selected by it without making any changes to the fixed
fittings and fixtures belonging to the Lessor in the Premises and Common Areas.
Any permissions or authorizations required to be obtained for the Lessee
Improvements shall be the Lessee’s sole responsibility and cost. The Lessor
acknowledges that the Lessee shall at all times be the sole owner of all Lessee
Improvements and the Lessee will be liable to remove and take away all the
Lessee Improvements before handing over the Premises on termination of the
Lease. If any damage is caused to the Premises or any of the Common Areas whilst
removing or transporting such Lessee Improvement, subject to normal wear and
tear, the Lessee shall repair such damage at its cost, failing which the cost
for repair of the same shall be deducted from the Security Deposit. The Lessee
is entitled to carry out the fit-outs as it deems necessary in order to utilize
the Premises consistent with its business purposes and the same shall be
intimated to the Lessor prior to commencement of any such work. The Lessee shall
ensure that it shall not cause any nuisance to the other occupants/tenants of
the Larger Property including the Building. The Lessee shall also ensure that
any such work carried out shall not affect the structural stability of the
Building and shall not be permanent in nature.

 

19.

SIGNAGE.

 

 

Signage for Lessee will be provided in the Common Directory at the Reception
Lobby. The Lessee shall bear the cost of installation of any signage in terms of
this Clause and all statutory municipal taxes payable on such signage, if any.

 

 

 

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20.

TITLE- OWNERSHIP.

 

 

20.1.

Save as provided in this Lease Deed other than for the leasehold rights and
interest granted hereunder, no right, title or interest in the Premises and the
Car Parking Spaces shall pass/be transferred to the Lessee by virtue of these
presents or otherwise.

 

 

21.

ASSIGNMENT AND SUBLETTING.

 

 

21.1.

The Lessee may, subject to the prevailing rules and regulation pertaining to
such assignment under the SEZ Act and SEZ Rules, assign the lease of the
Premises and the Car Parking Spaces or sublease, license the entire / portion of
the Premises and the Car Parking Spaces without prior written approval and
consent of the Lessor, to its Affiliates.

 

 

21.2.

The Lessee shall not assign its rights and obligation under this Lease Deed or
sublease the Premises and/or the Car Parking Spaces to any third party
pertaining to the Premises or any part thereof without prior written consent of
the Lessor, which consent shall not be unreasonably withheld.

 

 

21.3.

Notwithstanding anything contained in the permission having been granted by the
Lessor in this Clause, the Lessee shall continue to be responsible for all
obligations under the lease including the payment of the Rent and any
implication of the stamp duty and registration of such assignment / sublease /
license shall be borne and paid by the Lessee. Any assignment and/or sub lease
granted pursuant to the terms hereof, shall be co-terminus with this Lease Deed
(including renewal, if any) between the Lessor and the Lessee.

 

 

21.4.

The Lessee will be required to furnish certified copy of the assignment deed or
the sub lease deed (which will be registered under Applicable Laws) or license
agreement, that would be executed in terms of Clause 21.1.

 

 

22.

ASSIGNMENT MORTGAGE- RENTAL DISCOUNTING BY THE LESSOR.

 

 

22.1.

Assignment by the Lessor: The Lessor, shall have the right to assign or
otherwise alienate its interest (“Transfer”) in the Premises to any Third Party,
except to the competitors of the Lessee listed in Annexure 5 of this Lease Deed
(“Lessee Competitors”). The Lessor further agrees not to lease the 4th floor in
Block B1 to the Lessee Competitors. The Lessor further shall ensure that such
assignment /transfer/ charge/ encumbrance of the Premises shall not affect the
rights of the Lessee under this Lease Deed. The Parties hereby agree that in the
event of such Transfer, the Lessee will attorn the leasehold rights granted
under this Lease Deed in favour of the Transferee on receipt of the letter of
attornment from the Lessor

 

 

 

 

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calling upon the Lessee to attorn the leasehold rights in favour of the
Transferee accompanied by an undertaking from the Transferee to comply with the
terms and condition of the lease, including but not limited to the refunding of
the Security Deposit in terms hereof. However, all such cost for execution of
attornment and or other such agreement shall be at the sole cost of the Lessor/
Transferee. In the event any party desires to execute a fresh lease deed
pursuant to the assignment by the Lessor for their internal purposes, the cost
for execution and registration of such fresh lease deed shall be borne by the
desired Party On the attornment being complete the Lessor will have no rights or
obligation hereunder.

 

 

22.2.

Mortgage -Rental Discounting. The Lessor shall be entitled to seek any mortgage
or rental discounting facility from any bank or financial institution against
the security of the Premises and or Rent, without in any manner affecting the
rights of the Lessee to use and occupy the Premises during the Term. The Lessor
shall provide the Lessee with details as regards the entity to whom the Rent
would be payable and undertakes to discharge the Lessee from all claims on
payment of Rent to the identified entity. In the event such bank or financial
institution requires any no objection certificate/ letter for these purposes,
the Lessee shall provide the same.

 

 

23.

DEFAULT IN PAYMENT OF RENT AND/OR UTILITIES CHARGES.

 

 

 

23.1.

Any delay / default in payment of the Rent and/or Utilities Charges for a
continuous period of 2 (two) months as payable by the Lessee on its due date
shall be construed as breach, and without prejudice to the rights of the Lessor
set out in Clause 26.3, the Lessee shall be liable to pay the outstanding Rent
and/or Utilities Charges with interest thereon at the rate of 18% per annum from
the due date till payment or recovery of such amounts.

 

 

24.

INSURANCE.

 

 

 

24.1.

During the Term, the Lessor shall at its cost, take out and maintain appropriate
insurance cover for the Premises and the Utilities provided in the Building and
the Project with a reputed insurance company against all insurable risks,
including without limitation, for repair and replacement thereof, natural
disasters, fires, floods, acts of God, acts of terrorism, acts of war and other
hostilities, civil commotion and aerial and other accidents, including, damage
to and destruction of the whole or any portion of the Premises due to any of the
risks listed herein, on a full replacement basis. The Lessor shall furnish the
copies of the policies and renewal thereof.

 

 

 

24.2.

During the Term, the Lessee shall, at its sole cost and expense, obtain and
maintain the appropriate and adequate insurance coverage for furniture, fixture,
equipment and storages of items against theft, burglary, fire, riot and third
party claims and all liability of the Lessee and its authorized agents,
employees and/or representatives arising out of and in connection with the
Lessee’s use and

 

 

 

 

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occupancy of the Premises and the Lessor shall not be held responsible for any
such losses whatsoever in nature, unless such loss is caused by default and
negligence of the Lessor and/or its authorized agents, employees and/or
representatives.

 

 

25.

INDEMNIFICATION.

 

 

25.1.

Lessee’s Indemnification. Notwithstanding anything to the contrary contained
herein, the Lessee will indemnify, defend and hold the Lessor, its directors,
employees and/or agents harmless during the Term against any demands, claims,
actions or proceedings that may be initiated against the Lessor due to any act
of commission or omission of the Lessee resulting in violation of its duty or
obligation under Applicable Law and the terms and conditions of this Lease Deed.

 

 

25.2.

Lessor’s Indemnification. Notwithstanding anything to the contrary contained
herein, the Lessor will indemnify, defend and hold the Lessee, its directors,
employees and or agents harmless during the against any demands, claims, actions
or proceedings that may be initiated against the Lessee due to any act of
commission or omission of the Lessor resulting in violation of its duty or
obligation under Applicable Law and preventing the Lessee from occupying and
using the Premises or results in breach of the terms and conditions of this
Lease Deed. In the event any action, suit or proceeding of any nature whatsoever
is threatened or brought by any third party which threatens to or interferes
with the use, enjoyment and occupation of the Premises by the Lessee (not due to
Lessee’s fault) and/or which may jeopardize any of the rights of Lessee under
the lease, the Lessor shall contest/defend such actions, suit or proceedings at
its own costs so that Lessee continues to be in exclusive possession of the
Premises without any interruption and continues to enjoy the
benefits/rights/entitlements granted to it under this Lease Deed and keep the
Lessee indemnified in this regard.

 

 

 

 

26.

TERMINATION OF LEASE.

 

 

26.1.

Termination by efflux of time. The Lease shall stand terminated at the end of
the Term unless expressly renewed as stated in Clause 4.2.

 

 

26.2.

Termination by the Lessee due to Lessor’s breach. Notwithstanding the Lock-in
Period, in the event of the Lessor committing breach of any of the terms of the
Lease Deed, the Lessee shall notify the Lessor in writing and call upon the
Lessor to remedy the breach within 30 (thirty) days or as mutually agreed. If
such breach is not rectified/ cured during such period, the Lessee will be
entitled to, at its option, terminate the lease and be ready for handing over
possession of the Premises subject to refund of the Security Deposit in terms of
Clause 7.3.

 

 

 

 

 

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26.3.

Termination by the Lessor due to Lessee’s Breach. In the event of the Lessee
committing any breach of any of the terms of the lease, the Lessor shall notify
the Lessee of such breach and the Lessee shall within 30 (thirty) days of such
notice, cure the breach, failing which this lease shall stand terminated at the
option of the Lessor. If such termination is during the Lock-In Period, the
Lessee shall become liable to pay Unexpired Rent in terms of Clause 5 above.

 

 

26.4.

Termination by Lessee due to Lessor being wound up. In the event of the Lessor
being ordered to be wound up for any reasons by any Court or direction and/or
liquidator/receiver being appointed, the Lessee shall have the option to
terminate the Lease and the Lessor shall become entitled to vacant possession of
the Premises and to resume possession subject to simultaneous refund of the
Security Deposit to the Lessee in terms of Clause 7.3 above. However, this
Clause will have no application to mergers, amalgamations, acquisitions or other
schemes or arrangements in which the Lessor may (directly or indirectly) be a
party, as the case may be.

 

 

26.5.

Termination by Lessor due to Lessee being wound up. In the event of the Lessee
being ordered to be wound up for any reasons by any Court or direction and/or
liquidator/receiver being appointed, the Lessee shall have the option to
terminate the Lease and the Lessor shall become entitled to vacant possession of
the Premises and to resume possession subject to simultaneous refund of the
Security Deposit to the Lessee in terms of Clause 7.3 above. However, this
Clause will have no application to mergers, amalgamations, acquisitions or other
schemes or arrangements in which the Lessee may (directly or indirectly) be a
party, as the case may be.

 

 

26.6.

Right of the Lessor to resume possession. The Lessee agrees that the Lessor,
upon termination of the lease under any of the circumstances mentioned in any of
the Clauses set out under Clauses 26.1 to 26.4 above, shall be entitled to
resume possession of the Premises, simultaneously upon refund of the Security
Deposit amount in terms of Clause 7.3 above.

 

 

26.7.

Termination by the Lessee without cause. Post lock-in period, the Lessee is
entitled to terminate the lease without cause by serving 6 (six) months’ prior
written notice to the Lessor.

 

 

27.

RETURN OF PREMISES.

 

 

27.1.

The Lessee shall, on the expiry of the Term or early termination of lease,
return the Premises in a normal tenable condition with reasonable wear and tear
excepted. If statutory permissions are required prior to handing over the
Premises to the Lessor, the same shall be duly secured by the Lessee before
handing over.

 

 

 

 

 

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27.2.

Handover of Premises against refund of Security Deposit. The Lessee agrees that
in any of the eventualities of the termination of the lease, the Lessee is bound
and liable to hand over full, free and vacant possession of the Premises against
the refund of the Security Deposit in terms of Clause 7.3 and any other deposit,
that would have been due to the Lessee from the Lessor. The Lessee upon giving
prior written notice of at least 180 (one hundred eighty) days before the
termination of the Lease Deed, the Lessee shall have the right to holdover the
Premises for upto an additional period of 6 (six) months after the expiry of the
Term (“Holdover Period”) subject to the Lessee making timely payments of the:
(i) Rent at 1.5 (one point five) times the last paid Rent, (ii) Maintenance
Charges at the then prevalent rates and (iii) Utilities Charges at actuals. It
is further clarified between the Parties that, in the event, the Lessee holds
over the Premises during the Holdover Period in terms of this Clause, then the
Lessor shall retain the Security Deposit and be liable to refund the Security
Deposit only upon expiry of the Holdover Period and simultaneous with the
handover of the Premises by the Lessee to the Lessor upon expiry of the Holdover
Period.

 

 

28.

SUSPENSION OF RENT AND LEASE.

 

 

28.1.

In the event the Premises or any part thereof is destroyed due to a Force
Majeure Event or any portion thereof becoming uninhabitable or unusable or the
utilities servicing the Premises being interrupted so as to render the entire
Premises uninhabitable or unusable for a period exceeding 7 (seven) days for any
reason, provided such damage or destruction is not due to any act of omission or
commission of the Lessee, the Lessee shall be entitled to suspend payment of
Rent and Utilities Charges until such time that the Premises is fit for
occupation and use. If the Lessee, has reasonable apprehension that such
restraint to occupy and use the Premises or a portion thereof is likely to
continue for 60 (sixty) days, the Lessee will have the right any time after the
7 (seven) day period to terminate the Lease. The Lessor shall refund the
Security Deposit in terms of Clause 7.3 hereinabove on the execution and
registration of the surrender of lease deed. In the event the Lessor fails to
refund the Security Deposit within 7 (seven) days from the date of Lessee’s
notice to terminate the Lease under this Clause and/or the delay in execution
and registration of the surrender deed is due to the Lessor’s default, the
Lessor shall be liable to pay a compensation of 18% (eighteen) percent interest
per annum on the Security Deposit to the Lessee effective the lease termination/
expiry date. In the event of termination of the lease due to this Clause, the
Lessee will not be bound by the terms of Lock-in Period if such restraint occurs
during the Lock-in Period.

 

 

28.2.

In the event of there being any restraint order passed by any Court of law or
statutory authority in use of the Premises due to any misrepresentation as to
title to the Premises or due to any violation of construction of the Building
and such restraint continues beyond 3 (three) days, in addition to the Lessee’s
right to terminate the lease, the Lessee shall suspend payment of further Rent
and Utilities

 

 

 

 

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Charges and other charges whatsoever until such time that such restraint is not
vacated / lifted. If such restraint continues for a period beyond 60 (sixty)
days, the lease shall be terminated at the option of the Lessee. The Lessor
shall immediately refund the Security Deposit in terms of Clause 7.3 of this
Lease Deed against the execution of the surrender of the lease deed. In the
event the Lessor fails to refund the Security Deposit within 7 (seven) days from
the date of Lessee’s notice to terminate the Lease under this Clause and/or
delay in execution and registration of the surrender deed is due to the Lessor’s
default, the Lessor shall be liable to pay a compensation of 18% (eighteen)
percent interest per annum on the Security Deposit to the Lessee effective the
lease termination/ expiry date. In the event of termination of the lease due to
this Clause, the Lessee will not be bound by the terms of Lock-in Period if such
restraint occurs during the Lock-in Period.

 

 

28.3.

If the Lessee has to terminate the lease for any reasons contemplated in Clauses
26.2 and 28 hereinabove, in such event, the Lessee shall be entitled to recover
from the Lessor the written down value of the fit outs for the non-amortized
period.

 

 

The Parties agree and confirm that the compensation agreed herein are the
predetermined damages that the Parties reasonably believe the Lessee will suffer
as a consequence of termination of the lease for reasons contemplated in Clauses
26.2 and 28and reflects the understanding between the Parties in this regard.

 

29.

SEZ REQUIREMENTS.

 

 

 

29.1.

The Parties agree to comply with the provisions of the SEZ Act and the SEZ Rules
(the “SEZ Requirements”) as applicable to either of them and any breach thereof
shall be treated as a breach by the concerned Party.

 

 

 

29.2.

The Lessee has secured the SEZ Approval vide 2 (two) Letters of approval both
dated January 07, 2019 bearing Nos. KA:07:14:2018:Brooke SEZ:A/47 and
KA:07:14:2018:Brooke SEZ: B/48 respectively, (copies of which are furnished to
the Lessor and annexed herewith as Annexure 6), to enable it to take on lease
the Premises. If the Letter of Approval is cancelled by the SEZ authorities
during the subsistence of the Term and the Lock-In Period, for any reason
whatsoever attributable to the Lessee, the Lessee shall become liable to pay the
Unexpired Rent as provided in terms of Clause 5 above. If it is cancelled due to
reasons attributable to the Lessor, the Lessor shall be liable to pay
compensation as per Clause 28.3 above.

 

 

30.

REQUISITION.

 

 

 

30.1.

In the event of the Premises or any part thereof being requisitioned any time
during the Term, by any Appropriate Authority or the Government for their
occupation, the Lease shall stand terminated on such requisition being finally
become effective. On such termination the Lessee shall hand over possession to
the Lessor against

 

 

 

 

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the refund of Security Deposit in terms of Clause 7.3. If such requisition is
during the Lock in Period the Lessee shall not be bound by the Lock in Period as
provided in Clause 5 above.

 

 

31.

LIMITATION OF LIABILITY.

 

 

 

31.1.

Save and except the Unexpired Rent and compensation as per Clause 28.3 that
would be payable as agreed between the Parties hereto, any reference to any
losses, damage, claims, compensation, indemnity etc., shall not include any
special, incidental, consequential, penal, exemplary or like damages, or any
direct or indirect loss of profits or any claim for loss of opportunity or any
action in tort even if advised of the possibility of such claims.

 

 

32.

TITLE INVESTIGATION.

 

 

 

32.1.

The Lessee has been provided with photocopies of the title deeds of the Premises
to carry out their investigation of title of the Lessor to the Premises to be
leased. The Lessee has carried out its title investigation solely based on the
documents furnished to the Lessee by the Lessor prior to the execution of this
Lease Deed.

 

 

33.

STAMP DUTY AND REGISTRATION.

 

 

 

33.1.

The cost of stamp duty, registration charges and any deficit of stamps and other
incidental expenses in connection with the execution and registration of this
Lease Deed and lease deed for the Renewal Term, if any, shall be borne by the
Lessee.

 

 

 

33.2.

The original of this Lease Deed shall remain in the possession of the Lessee and
a counterpart/certified copy thereof shall be retained by the Lessor.

 

 

34.

MODIFICATION / VARIATION.

 

 

 

34.1.

No change, variation or modification of any of the terms and conditions set
forth herein shall be valid unless incorporated as an amendment to this Lease
Deed and signed by the duly authorised representatives of both Parties.

 

 

35.

WAIVER / FORBEARANCE.

 

 

 

35.1.

The Parties hereto agree that in the event of there being any delay in or
indulgence shown by either of the Parties with regard to the enforcement of any
of the terms of this Lease Deed, the same shall not be construed as a waiver by
the Party showing such indulgence or tolerance and any such indulgence or
forbearance shall not be deemed to be a waiver of the rights and the Parties
shall be entitled to enforce such right without prejudice to such indulgence or
tolerance shown.

 

 

36.

DISPUTE RESOLUTION AND ARBITRATION.

 

 

 

 

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36.1.

This Lease Deed shall be governed by and construed in accordance with the laws
of India.

 

 

36.2.

If any dispute or difference of any kind whatsoever shall arise between the
Parties in connection with or arising out of this Lease Deed (whether before or
after the termination or breach of this Lease Deed), the Parties shall promptly
and in good faith negotiate with a view to its amicable resolution and
settlement.

 

 

36.3.

In the event no amicable resolution or settlement is reached within a period of
15 (fifteen) days from the date on which the existence of a dispute or
difference is communicated by one Party to the other, such dispute or difference
shall refer such dispute to a mutually acceptable sole arbitrator under the
provisions of the Arbitration and Conciliation Act, 1996. The arbitration
proceedings shall be held in Bangalore in the English language. The decision of
the arbitrator so appointed shall be final and binding on the Parties. The
arbitrator shall also determine and make an award as to the costs of the
arbitral proceedings.

 

 

36.4.

Subject to Clauses 36.1 to 36.3, any disputes arising hereunder shall be subject
to the exclusive jurisdiction of the Courts at Bengaluru.

 

 

37.

ANTI-BRIBERY, CORRUPTION AND PROHIBITED BUSINESS PRACTICES.

 

 

37.1.

Each Party will be familiar with and will strictly comply with all Applicable
Laws related to bribery, corruption, and prohibited business practices. The
Parties and their Affiliates have not and will not, for the purpose of
unlawfully influencing or inducing anyone to influence decisions in favour of
the Lessor, Lessee or any of either Party’s Affiliates, offer, promise or make
or agree to make, directly or indirectly, (a) any political contributions of any
kind or any payment to or for the benefit of any public official, whether
elected or appointed, (b) any payments for gifts, meals, travel or other value
for a government employee or his/her family members or (c) any payments or gifts
(of money or anything of value) to anyone. The Parties shall not, under any
circumstances, reimburse one another for any such political contributions,
payments or gifts.

 

 

38.

ENTIRETY AND SEVERABILITY.

 

 

38.1.

This Lease Deed, including the attached Schedules, constitutes the entire
agreement between the Lessor and the Lessee with respect to the Premises alone,
and supersedes any other prior oral or written communications, representations
or statements with respect to the transaction contemplated in this Lease Deed.
If a court finds any provision of this Lease Deed to be invalid, the remainder
of the Lease will be valid, enforceable and effective.

 

 

 

 

 

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39.

NOTICES.

 

 

39.1.

All notices under this Lease Deed, will be given in writing, postage prepaid, by
certified or registered mail, return receipt requested, by personal delivery, or
by reputable national overnight courier, at the addresses listed below. The
respective addresses for such purposes are:

 

 

If to the Lessor:

BROOKEFIELDS REAL ESTATES AND PROJECTS PRIVATE LIMITED,

Brookefields, Kundalahalli Marathahalli Post, Bengaluru 560037

 

Attention: The Chairman and Managing Director

If to the Lessee:

MANHATTAN ASSOCIATES (INDIA) DEVELOPMENT CENTRE PRIVATE LIMITED,

No.172, EPIP Zone, Phase II, Whitefield, Bangalore 560066

 

Attention: Ms. Ushasri T S

 

Either Party may change its notice address from time to time by delivering
notice thereof to the other Party in accordance with this Clause.

 

40.

PROTECTION OF INTELLECTUAL PROPERTY RIGHTS.

 

 

40.1.

This Lease Deed, shall not be construed or sought to be interpreted to authorize
either of the Parties to use any of the intellectual property rights of the
other, including, without limitation, the other Party’s logo, trade names and
trademarks, in any manner whatsoever. However the Lessor will be entitled to use
in any prospectus / offer document or its brochure in any medium / media, name
the Lessee and use its logo, for the purpose of stating that the Lessee is the
tenant of the Lessor.

 

 

41.

AUTHORITY FOR EXECUTION.

 

 

41.1.

Each Party represents and warrants to the other that it has full right and
authority to enter into this Lease Deed. Each Party further represents and
warrants to the other that the execution and delivery of this Lease Deed has
been duly authorized by its board of directors. Each Party represents and
warrants to the other that it has the financial wherewithal to perform its
obligations under this Lease Deed.

 

 

42.

RELATIONSHIP BETWEEN PARTIES.

 

 

 

 

 

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42.1.

Nothing contained in this Lease Deed shall be deemed or construed by the Parties
or by any third party or court to create the relationship of principal and agent
or employer and employee or of partnership or of joint venture or of any
association between the Lessor and Lessee, and neither method of computation of
Rent nor any other provisions contained in this Lease Deed nor any acts of the
Parties shall be deemed to create any relationship between the Parties, other
than the relationship of Lessor and Lessee.

 

 

43.

REMEDIES.

 

 

43.1.

The Parties acknowledge that the remedies available to the Lessor and or Lessee
under this Lease Deed are all mutually exclusive and without prejudice to any
other right / remedy available to the Parties under Applicable Law.

 

 

 

 

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SCHEDULE

FIRST SCHEDULE

[Description of the “Larger Property”]

All that piece and parcel of the immovable property admeasuring 26 acres 05
guntas comprised in Survey Nos. 103, 104, 105, 108/1, 108/2, 109, 112 and 113/1B
all situated at Kundalahalli Village, Krishnarajapuram Hobli, Bangalore South
Taluk, Bangalore and bounded on:

 

East by: Property bearing survey Nos. 72, 71 and 67;

West by: Whitefield Road;

North by: Property in survey Nos. 83, 84, 85, 102 and Part of survey No. 109;
and

South by: Property in survey Nos. 114, 107, 126, 106 and part of survey No.
113/1B.

 

SECOND SCHEDULE

[Description of the “Building”]

Tower B1 in Brigade Tech Gardens (SEZ) having an aggregate super built-up area
of 5,58,183 (five lakh fifty eight thousand one hundred and eighty three) square
feet and containing basement, ground and 6 (six) upper floors constructed on the
Larger Property.

 

THIRD SCHEDULE

[Description of the “Premises”]

All that Premises admeasuring 96,522 (ninety six thousand five hundred and
twenty two) square feet of Super Built Up Area comprised in the Part 5th (fifth)
Floor (Unit Nos. 502) measuring 17925 (Seventy one thousand four hundred and
four) square feet of Super Built Up Area and 6th (sixth) floor (Unit Nos. 601,
602, 603 & 604) measuring 78,597 (seventy eight thousand five hundred and ninety
seven) square feet of Super Built Up Area including proportionate share in
Common Areas, such as passages, lobbies, lifts, staircases and other areas of
common use, of the Brigade Tech Gardens along with right to 129 (one hundred and
twenty nine) numbers of contiguous, mechanical and conventional Car Parking
Spaces in the basement level for the exclusive use of the Lessee and the unit is
bounded by:

 

East: Unit No 501 on the 5th floor and Open to Sky on the 5th and 6th floor of
Building B1;

 

West: Open to Sky on the 5th and 6th floor of Building B1;

 

North: Central core on the 5th floor and Open to Sky on the 5th and 6th floor of
Building B1; and

 

 

 

 

 

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South: Open to Sky on the 5th and 6th floor of Building B1.

 

The Floor Plan of the Premises is attached herewith as Annexure 7.

 

 

 

 

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IN WITNESS WHEREOF, THE PARTIES HERETO HAVE SET THEIR HANDS AND SEAL TO THESE
PRESENTS ON THE DAY, MONTH AND YEAR FIRST ABOVE WRITTEN:

Signed and delivered for and on behalf of

BROOKEFIELDS REAL ESTATES AND PROJECTS PRIVATE LIMITED

The “Lessor” herein,

By its authorised signatories

 

 

/s/ Nirupa Shankar              /s/ Subrata K C Sharma

Name: Ms. Nirupa Shankar and Mr. Subrata K C Sharma

Authorised vide board resolution dated January 25, 2019

 

 

Signed and delivered for and on behalf of

The “Lessee” herein,

By its authorised signatory

 

 

/s/ Ushasri T S

Name: Ms. Ushasri T S

Designation: Managing Director

Authorised vide board resolution dated August 08, 2018

 

 

 

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Annexure 1 – List of Common Areas of the Project

 

 

1.

Landscape Garden ;

 

2.

Open Area in the campus and Internal Roads;

 

 

 

 

 

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Annexure 2 – Scope of Maintenance Services

 

[List of Maintenance Services Provided by the Maintenance Agency]

Scope of Common Area Maintenance

•

Twenty four (24) hours’ security of the Building and the parking areas,
including Parking Spaces

•

Periodic maintenance of the Building and Common Area

•

Maintenance of common plumbing and sanitary lines and other Building systems

•

Maintenance of the DG sets, including annual maintenance contracts (“AMC”) for
the same.

•

Maintenance of the chiller plant, pumps, including AMC for the same.

•

Maintenance electrical installations for the Common Areas of the Building to
ensure continuous power supply.

•

Housekeeping and cleaning of the Common Areas of the Building as per the
schedule.

•

Illumination of yards, corridors and Common Areas

•

Maintenance of elevators of the Building and its servicing, including AMC for
the same

•

Administrative and manpower expenses related to Building management services

•

Maintenance and operation of pumps, overhead tanks, drain water pumps and
equipment’s of the Common Area

•

Maintenance and up keep of landscape areas of the Building

•

Payment of AMC charges of elevators, pumps, motors etc. servicing the Building.

 

•

 

 

 

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Annexure 3- Warm shell specifications

1. Building Specifications: Shell and core, IPS flooring, finished common toilet
(with standard fittings), finished floor lobby, finished ground floor lobby,
fire-fighting system, elevators, first level sprinklers, furnished common areas,
external development work, and landscaping.

2. Power: BESCOM power @ 0.8 KVA power for every 100 (one hundred) square feet
super built space taken (including AC Chillers consumption and high side AC).
Power will be provided at the tap- off boxes located in the respective floors.
The sub panel boards and further cabling / internal wiring for lighting etc.
will be under the fit out scope.

3. Generator Power: 100% power backup through diesel generator (including AC
chillers consumption).

4. Air Conditioning: Comfort AC to maintain office temperature of 23 (twenty
three) degrees celcius +/- 1 celcius degrees will be provided i.e. HVAC tonnage
of upto 1TR for every 500 (five hundred) square feet on SBA. The Lessor shall
provide AC chillers and chilled water piping up to respective floors including
the supply, installation and commissioning of AHU or CSU. The electrical wiring
for the AC, AC panel boards and ancillary works, if any, will be part of fit out
to be provided by the Lessee. Precision / additional AC for server / lab or any
other equipment will be installed by the Lessee at their own cost.

 

 

 

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/s/ Nirupa Shankar     /s/ Subrata K C Sharma      /s/ Ushassri T S    

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Annexure 4 – List of Amenities with Timelines

 

Brigade Tech Gardens – B Zone

Milestones

Timelines

Block B1 & B3

Airtight & Watertight

Completed

Fire NOC

Received

CTO

31st March 2019

B1 Cafeteria

31st May 2019

MEP Infrastructure such as Basement Ventilation, Lifts, STP, DG (1No. of 1250
KVA)

Completed

Occupancy Certificate

Received

Block B2 – Recreational Block

 

Completion

31st May 2019

Block B4 – The Oval

Completion                            31st November 2019

Completion 31st November 2019

F & B

31st December 2019

Novotel Suites

31st August 2020

 

 

 

 

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/s/ Nirupa Shankar     /s/ Subrata K C Sharma      /s/ Ushassri T S    

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Annexure 5- List of Competitors

 

The List of Lessee Competitors are as follows:

 

1.

JDA

2.

SAP

3.

Oracle

4.

Honeywell

5.

IBM

 

 

 

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/s/ Nirupa Shankar     /s/ Subrata K C Sharma      /s/ Ushassri T S    

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Annexure 6- SEZ Approval as obtained by the Lessee

 

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[g22vhrmjrpj0000003.jpg]

 

 

 

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/s/ Nirupa Shankar     /s/ Subrata K C Sharma      /s/ Ushassri T S    

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Annexure 7- Floor plan of the Premises

Fifth Floor Plan

 

[g22vhrmjrpj0000004.jpg]

 

 

 

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/s/ Nirupa Shankar     /s/ Subrata K C Sharma      /s/ Ushassri T S    

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Sixth Floor Plan

[g22vhrmjrpj0000005.jpg]

 

 

 

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/s/ Nirupa Shankar     /s/ Subrata K C Sharma      /s/ Ushassri T S