Exhibit 10.27
LEASE DEED
LESSOR: T. KRISHNAPPA AND T. RAMACHANDRA
LESSEE: ARUBA NETWORKS INDIA PRIVATE LIMITED
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Table of Contents
1.DEFINITIONS:
2.LEASE:
3.RATE OF RENT:
4.ENHANCEMENT:
5.LEASE / RENT COMMENCEMENT DATE:
6.LOCK-IN PERIOD:
7.MAINTENANCE CHARGES:
8.SECURITY DEPOSIT:
9.SIGNAGE:
10.INDEMNITY:
11.SALE AND ATTORNMENT:
12.RENTAL DISCOUNTING / MORTGAGE:
13.USE OF THE PREMISES:
14.ELECTRICITY & WATER:
15.TELEPHONE LINES:
16.BACK-UP POWER FOR COMMON AMENITIES, FACILITIES AND COMMON AREAS:
17.SUB-LETTING:
18.INSPECTION AND REPAIRS:
19.STRUCTURAL ADDITIONS/ALTERATIONS:
20.NON STRUCTURAL ALTERATIONS/ INTERIORS:
21.PAYMENT OF TAXES:
22.DELAY/ DEFAULT IN PAYMENT OF RENT/ MAINTENANCE:
23.REPRESENTATIONS, WARRANTIES AND INDEMNITIES:
24.REPAIRS AND MAINTENANCE:
25.INSURANCE:
26.CAFETERIA
27.HANDING OVER OF THE POSSESSION
28.TERMINATION:
29.FORCE MAJEURE:
30.SUSPENSION OF RENT AND LEASE:
31.MODIFICATION/VARIATION:
32.WAIVER/FORBEARANCE:
33.HEADING:
34.NOTICE AND SERVICE OF NOTICE:
35.JURISDICTION OF THE COURT:
36.EXECUTION OF LEASE DEED, STAMP DUTY AND REGISTRATION THEREOF:
37.SEVERANCE:
38.DEED IN DUPLICATE:
39.DISPUTE RESOLUTION:
40.ENTIRE AGREEMENT:
41.LIMITATION OF LIABILITY:
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LEASE DEED
THIS LEASE DEED (hereinafter called "Deed") is executed and entered into on this
the ____________ day of March 2013, at Bangalore (__/03/2013).
BETWEEN
I.
T. KRISHNAPPA, s/o. Muniyappa, aged about sixty one (61) years, residing at
Kariyammana Agrahara village, Varthur Hobli, Bangalore East Taluk (hereinafter
referred to as "T. Krishnappa")
II.
T. RAMACHANDRA, s/o. Muniyappa, aged about fifty one (51) years, residing at
Kariyammana Agrahara village, Varthur Hobli, Bangalore East Taluk (hereinafter
referred to as "T. Ramachandra")
(T. Krishnappa and T. Ramachandra are hereinafter collectively referred to as
the "LESSOR", which term shall, unless repugnant to the context or meaning
thereof, be deemed to mean and include their respective heirs, administrators,
executors and anyone claiming through or under them)
AND
Aruba Networks India Pvt. Ltd., a company incorporated under the provisions of
the Companies Act, 1956, having its registered office at 1112, Subrmanya Arcade,
Tower D, Ground Floor & First Floor, Bannerghatta road, Bangalore -560 029
(hereinafter referred to as the "LESSEE", which expression shall, unless it be
repugnant to the context or meaning thereof, be deemed to include its successor
in interest and permitted assigns) and acting through its duly authorised
representative, Mr. Mark E Deiters, Senior Facilities Manager, its Authorised
Signatory.
I.
The LESSOR and M/s. Salarpuria Properties Private Limited (hereinafter referred
to as the "Developer") had entered into an agreement for joint development dated
17.12.2003 registered as document No. 18703/2003-04, stored in the C. D No. 124
in the office of the Sub-Registrar, Bangalore South Taluk, Bangalore herein for
the development of the land at survey No.15/3 & 16, Kadubeesanahalli, Varthur
Hobli, Bangalore South Taluk, Bangalore (the "Property" morefully described in
the Schedule 'A' herewith);
II.
AND WHEREAS the LESSOR have represented to the LESSEE that the Developer has
constructed the Building (as defined hereinafter) at its own cost and expense
pursuant to the building plans sanctioned by the concerned authorities bearing
LP No. E/90/2004-05 dated 25.02.2005, and thereafter, occupancy certificate
dated 2/1/2006 bearing has been issued by
the competent authority with respect to the Building (as defined hereinafter);
III.
AND WHEREAS by virtue of the allocation agreement between the LESSOR and the