Document:

Lease Agreement, dated April 1, 2005

 Exhibit 10.25 
  
 LEASE AGREEMENT 
  
 AN AGREEMENT made this 1st day of April, 2005. 
  

			
	 BETWEEN:
	  	KELTON INVESTMENTS LIMITED a limited liability Company having its registered office at 51-55 Foster Road, Walu Bay, Suva, Fiji (hereinafter referred to as “the
Lessor”) of the one part
		
	 AND:
	  	NETWORK SERVICES LTD having their Registered Office at, CL4991 LOT 18 PLAN S1339, 18 Ackland Street, Vatuwaqa, Suva, Fiji. (hereinafter referred to as “the Lessee”) of the
other part.

  
 WHEREAS 
  

	A.	The lessor is the registered proprietor of all land and buildings contained and comprised and as described, in Schedule 1 of this agreement [“the demised premises”].

  

	B.	In this agreement and wheresoever the context admits the expression the demised premises “includes the list of furniture and chattels as is described in Schedule 2 of this
Agreement if any. It is agreed that the furniture and chattels form part of the agreement herein recorded. 

  

	C.	The Lessor has agreed to let and the lessee has agreed to take a tenancy of the demised premises for a period of three (3) years commencing from the 1st April 2005 with for three (3) additional terms of three (3) years. 

  

	D.	The arrangements between the Lessor and the Lessee are set out in this agreement. 

  
 NOW IT IS AGREED as follows: 
  
 COVENANT TO LEASE 
  

	1.1	The Lessor hereby lets and the Lessee from the 1st April 2005, hereby takes on lease the demised premises for a period of three (3) years at a monthly rental of $7,000.00 plus VAT [Seven Thousand Dollars Plus VAT]. 

  

	1.2	Notwithstanding the provisions of Clause 1.1 hereof, but without prejudice to the term of the Lease as contained in Clause 1.1, the Lessee hereby agrees to a review of rental at the
end of every 3 years should the lease be renewed. 

  

	1.3	It is agreed that the monthly rentals shall be paid to the Lessor free of any deduction whatsoever such monthly rental to be paid in advance on the 1st business day of each and
every month to the Lessor, as the Lessor may direct from time to time. 

  

	1.4	Unless advised otherwise in writing, the Lessee shall pay monthly rentals by Cheque or in Cash to the Lessor or its authorised rent collection agent. If the rent is not paid on the
due date agreed, it shall be in default and a 10% interest will accrue to the default amount after seven (7) days. 

  

 1 

	2.	LESSEE’S COVENANTS 

  
 The Lessee hereby covenants and agrees with the Lessor as follows 
  

	 	[a]	To pay the Lessor or its authorised agent the reserved rent on the days and in the manner aforesaid free of any deductions whatsoever. 

  

	 	[b]	To pay all charges for electricity, water, and telephone rental in respect of the demised premises for the term herein created and to pay all costs of the reconnection should the
said services be disconnected through the Lessee’s act or default. 

  

	 	[c]	To keep and at the determination of this Agreement to yield up the demised premises in the same state of condition and repair as at the commencement of the lease, depreciation from
fair wear and tear weather or natural causes without the neglect of the Lessee, damage by fire, earthquake, hurricane or other act of God alone excepted. 

  

	 	[d]	To keep the garden, grounds and banks of the demised premises in a clean and tidy condition, and to keep the same including landscaping at the same positions as they are presently
positioned, if any. 

  

	 	[e]	As the arrangements herein are personal to the parties to this agreement the Lessee acknowledges and agrees not to assign underlet or part with possession, of the demised premises
or any part thereof, without the consent of the lessor which will not be unreasonably withheld. 

  

	 	[f]	Not to cut or injure any of the ceiling, roof, walls partitions or doors of the demised premises nor to make any structural or other alterations or additions there to without the
written consent of the Lessor first had and obtained and to promptly replace any windows broken by the Lessee or its servants agents or invitees at the Lessee’s cost. 

  

	 	[g]	To make good reinstate and repair all damage caused or occasioned to the demised premises by the act or neglect of the lessee or any of its visitors or servants or agents.

  

	 	[h]	To permit the Lessor or its authorised agents to view and inspect the state and condition of the demised premises at all reasonable times, and on reasonable notice given before
hand, and for the purpose of enabling the lessor to carry out repairs to the demised premises, when necessary. 

  

	 	[i]	Not to do or permit to be done anything which may render any increased or extra premium payable for any insurance of the demised premises effected by the lessor or which may make
void or voidable any policy for such insurance. Such repairs to be undertaken by the lessor in such manner as to minimise impact on the lessee’s right to quiet enjoyment of the premises. 

  

	 	[j]	With regard to responsibilities of the lessee herein contained to promptly comply with all by laws regulations and requirements of the local council or other local authority in
respect of the demised premises which are not of a structural nature but which are resultant because of the manner of use of the demised premises by the lessee. 

  

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	 	[k]	At its own reasonable expense replace or repair all circuit fuses, switches, electricity points, light bulbs, electrical appliances and air conditioners provided by the Lessor or
other faults in the electricity installation of the demised premises which become defective or broken on account of the Lessee’s misuse or negligence during the continuance of the tenancy and will promptly renew the washers of any leaking taps
during the said term. 

  

	 	[l]	To keep clean and clear and in good repair all taps, drains, sinks, cisterns, pipes, and appurtenances belonging to the demised premises [damage by fire, storm, earthquake or
inevitable accident and fair wear and tear without neglect or willful default of the Lessee alone excepted]. 

  

	 	[m]	To insure and keep insured all belongings of the Lessee, which are situated in or about the demised premises. 

  

	 	(n)	To compensate the Lessor for any loss of agreed rentals up to the expiration of the agreed rental period in the event of the demised premises being rendered untenantable due to the
negligence of the Lessee or its agents. 

  

	 	(o)	To reimburse the Lessor the actual cost of stamp duty paid to the Fiji Government for the registration of this Lease Agreement plus the cost of $100.00 (One Hundred Dollars) for the
preparation and stamping of this Lease. 

  

	3.	LESSOR’S COVENANTS 

  
 The lessor hereby covenants and agrees with the Lessee as follows : 
  

	 	[a]	To insure and keep insured the demised premises to its full insurable value under a reputable Brokers insurance Policy [including the Lessor’s appliances and furniture and
fittings but excluding the Lessee’s effects and also excluding all effects owned by the occupants and the invitee’s of the Lessee with respect of the demised premises] and in the case of damage or destruction of the demised premises
[unless the insurance moneys shall be found to be irrecoverable through the act or default of the Lessee] to rebuild and reinstate the demised premises. 

  

	 	[b]	To carry out all structural repairs or alterations to the demised premises which maybe necessary to comply with all by-laws, regulations or requirements of the local council, or
other Government and local Authority or as required to keep in force any insurance policy referred to in paragraph 3[a] hereof and shall promptly attend to these repairs and maintenance of the demised premises necessitated by fair wear and tear,
damage by fire, earthquake, storm, or hurricane or other inevitable accident and shall maintain the exterior structure of the demised premises including walls, doors, windows, floors, ceilings, and roof in a good and tenantable condition.

  

	 	[c]	To pay the local council or other local Authority rates assessed on the demised premises. 

  

	 	[d]	That the Lessee paying the rent hereby reserved and performing the lessee’s covenants hereinbefore contained shall and may peaceably hold and enjoy the demised premises during
the term hereby granted without any interruption or disturbance from or by the lessor or any person or persons lawfully claiming through under or in trust for it. 

  

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	 	[e]	To keep in good and tenantable repair and condition all the demised premises so that the Lessee shall have the full and free use and benefit of the same and without limiting the
generality of the foregoing the Lessor will at all times maintain in good condition and proper working order the water, electricity, sewerage, and drainage installations in or serving the demised premises except in the case of defects occasioned by
the Lessee’s negligence or default. 

  

	 	[f]	During the currency of the Agreement should the demised premises be sold at anytime during the currency of this Lease the Lessor will ensure that the sale is made expressly and
unequivocally subject to this Agreement to the intent that the purchaser of the demised premises must undertake to continue with the Lessor’s obligations contained herein, and must further undertake not to prejudice the Lessee’s interests
herein. 

  

	4.	MUTUAL COVENANTS 

  
 It is mutually agreed and declared as follows 
  

	 	[a]	If the rent hereby reserved or any part thereof shall remain unpaid for fourteen [14] days after becoming payable [whether formally demanded or not] or if any other covenant on the
Lessee’s part herein contained shall not be performed or observed or if the lessee shall suffer any process by execution to be levied on the Lessee’s goods the Lessor may give not less than (14) fourteen days notice in writing to the
lessee requiring the breach to be remedied. If the breach is not remedied within that period, the Lessor may at any time thereafter re-enter upon the demised premises or any part thereof in the name of the whole and thereupon this lease shall
absolutely determine but without prejudice to the rights of the Lessor in respect of any arrears of rent or any breach of covenant. 

  

	 	[b]	If at any time during the continuance of this agreement the demised premises or any part thereof shall be destroyed or damaged from any cause whatsoever other than the act or
default of the lessee or any servant of the lessee so as to render the damaged premises unfit for occupation, either the lessor or the lessee may at any time within three months from the occurrence of such damage or destruction give to the other
such notice in writing to determine this agreement and thereupon the same and everything herein contained shall cease and be void as from the date of the occurrence of such damage or destruction but without prejudice to the rights or remedies of
either party against the other in respect of any antecedent claim or the breach of covenant or of the Lessor in respect of the rent hereby reserved until such date, provided that the right to determination on the part of the Lessor shall not arise
in the event of the destruction of or damage to the demised premises by fire or other cause in such circumstances as to give to a duty under the Lease to rebuild or reinstate the demised premises. 

  

	 	[c]	 That in the event of the demised premises being destroyed or so damaged as to render unfit for occupation and use and provided that the insurance effected by the
Lessor shall not have been vitiated or payment of the insurance money refused in whole or in part in consequence of some act or default on the part of the Lessee then the rent hereby reserved or a proportionate part thereof according to the nature
and the extent of injury sustained shall cease to be payable until the demised premises shall have been restored and reinstated and again rendered fit for occupation and use or until this agreement to lease shall have been determined under the
provisions of Clause 4[b] above. In case any 

  

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dispute shall arise as to the amount of such proportionate part of period during which such lesser or abatement of rent should be allowed, the matter shall
be referred to arbitration in accordance with the provisions as set out thereafter provided that where the demised premises are only partially destroyed or damaged but not to such an extent as to render the same untenantable the rent shall abate in
the event of the parties not agreeing the amount of abatement the same shall be determined by arbitration. 

  

	 	[d]	All dispute or differences between the Lessor and the Lessee on the operation or construction of any of the provisions of this agreement or on the rights or liabilities of either
party hereunder shall be determined by arbitration, sitting at Suva in the Republic of Fiji, which Arbitration shall be governed by the Arbitration Act of Fiji. 

  

	 	[e]	This Agreement is to be governed and construed by the Laws of the Republic of Fiji. 

  

	5.	LESSEE’S RIGHTS TO RENEW LEASE 

  
 The Lessee may, by notice in writing to the Lessor at least three (3) months before the expiration of the term hereby created, provided that at that
time there is no existing breach or non-observance of any of the covenants on the part of the Lessee hereinbefore contained, require the Lessor to Grant the Lessee a lease of the demised premises for a further similar period as from the
expiration of the term of this present Lease at a rental to be mutually agreed upon between the parties [and failing agreement, to be fixed by arbitration as provided herein] and otherwise containing the like covenants and provisos as are herein
contained, this covenant for a further renewal excluded. 
  
 Notwithstanding the above, the Lessor may, by notice in writing to the Lessee, no more than four (4) months prior to the expiration of the term hereby created request the Lessee to advise the Lessor within thirty (30) days whether
the Lessee intends to exercise the option set forth above. 
  

	6.	PAYMENT OF BOND 

  
 On execution hereof the Lessee shall as security for the due performance and observance of the covenants herein contained on its part pay to the Lessor a
“Performance Bond” of the sum equal to 1 month rent. The bond shall be retained free of interest by the Lessor until the expiry of the term hereby granted when it shall be refunded Provided nevertheless that in the event the Lessor
suffering loss by reason of default by the Lessee to observe the covenants herein on its part then the amount of such loss shall be deducted from the Bond and retained by the Lessor and the balance sum [if any] refunded to the Lessee on vacating the
demised premises. 
  

	7.	RIGHTS TO TERMINATE LEASE 

  

	 	a)	If the Lessee at the expiry date does not provide to the lessor notice in writing of its intention to terminate the lease then the lessor and the lessee agree that the lease term
will continue for a further period as under the terms and conditions of this lease, and at a new agreed rental for the renewed period. 

  

 5 

	8.	LESSEE CAN ATTACH FIXTURES ETC 

  

	 	a)	The Lessee shall have the right to attach fixtures, attach signage, make alterations and additions, erect partitions and structures in or upon the demised premises subject always to
the prior written consent of the Lessor, which shall not be unreasonably withheld. 

  

	 	b)	It is further understood that such fixtures, additions and structures so placed in or upon or attached to the demised premises shall be and remain the property of the Lessee and
must be removed therefrom prior to the expiration of the term of this Lease. 

  

	 	c)	When removing the additions and attachments as permitted under this clause the Lessee shall carry out the maintenance, repairs, reinstatement works to such part or parts as may be
necessary to be effected resulting from the Lessee’s additions, alterations, corrections and installations by the Lessee provided. However it is further understood that the Lessee shall complete the reinstatement and repair works to the
reasonable satisfaction of the Lessor’s Architects at Suva. 

  

	9.	INTERPRETATION 

  

	 	[a]	References to the parties include their respective successors in title and permitted assigns; 

  

	 	[b]	Words importing one gender includes the others; 

  

	 	[c]	Persons include corporations and vice versa; 

  

	 	[d]	Words importing the singular number or plural number shall include the plural number and singular number respectively as the case maybe. 

  

	 	[e]	The headings in this agreement are inserted for convenience only and shall not affect the interpretation of this agreement. 

  

 6 

 IN WITNESS WHEREOF these presents have been executed the day and year
hereinbefore written: 
  

									
	THE COMMON SEAL of KELTON INVESTMENTS	 	}	 	 
	LIMITED was hereunto affixed	 	}	 	 
	Pursuant to Authority of the Board	 	}	 	 
					
	Director	 	

	 	 	 	 	 	

	Secretary	 	

	 	 	 	 	 
			
	THE COMMON SEAL of NETWORK SERVICES LTD	 	}	 	 
	was hereunto affixed Pursuant to Authority of the Board	 	}	 	 
	 	 	 	 	 
					
	Director	 	

	 	 	 	 	 	

	Director/Secretary	 	 	 	 	 	 	 
	 In the presence of
	 	 	 	 	 	 	 

  
 SCHEDULE 1 

 
 Crown Land & Building on CL4991 LOT 18 PLAN S1339, 18 Ackland Street,

 Vatuwaqa, Suva, Fiji. 
  
 SCHEDULE 2 
  
 Not-Applicable 
  

 7Lease Agreement, dated October 13, 2004

 Exhibit 10.26 
  
 AGREEMENT made the 13th day of October 2004 
  
  

			
	BETWEEN	  	Jewel Properties Limited
(“The Lessor”)
		
	AND	  	 Datec Investments Ltd
 (“The
Lessee”)

		
	AND	  	Datec Group Ltd
(“The Guarantor”)

  
 WHEREBY the Lessor
agrees to grant and the Lessee agrees to accept a Lease (“ the Lease”) of the Premises (“the Premises”) as described in the Schedule to this Agreement on the following terms and conditions: 
  

	1.	TERM 

  

	1.1	The Lease shall be for a term of 3 years commencing 1st January 2005 (hereinafter referred to as the Commencement date) and expiring 31st December 2007. 

  

	1.2	The Lessor shall provide for one right of renewal for a term of 3 years to the intent that the final expiry date of the Lease shall be no later than 31st December 2010. 

  

	1.3	Access to the premises shall be granted from 15th November 2004, or earlier at the absolute discretion of the Lessor for the purpose of fitting out. 

  

	2.	GROSS RENTAL 

  

	2.1	The gross annual rental shall for the term of the lease shall be $52,000.00 per annum 1st year, $53,000.00 per annum 2nd year, $54,000.00 per
annum 3rd year plus 4 stacked carparks @ $80.00 each or $16,640.00 pa. Total $68,640.00 (plus GST), payable
monthly in advance at a rate of $5,720.00 (plus GST). 

  

	2.2	The gross annual rental shall include all outgoings including but not limited to local body rates, insurances, valuation fees, building maintenance etc. The Lessee shall pay its own
telephone, electricity and cleaning costs for the occupied area. 

  

	2.3	The rental payable pursuant to the Lease shall be paid monthly in advance to the Lessor without deduction and shall be paid by automatic bank authority. 

  

	3.	USE OF PREMISES 

  

	3.1	The Premises shall be used by the Lessee as Commercial Offices. 

	4.	FORM OF LEASE 

  

	4.1	The Lessor and the Lessee agree to execute a formal Lease of the premises. The Lease will be prepared by the Lessor’s Solicitor and executed by the Lessee at the cost of the
Lessee. The cost not to exceed $500.00 plus GST. 

  

	4.2	The Lessee shall execute the Lease within 30 days of it being received by the Lessee or by the Lessee’s solicitors. 

  

	5.	DEPOSIT 

  

	5.1	Upon execution of this Agreement by both parties the Lessee shall pay a deposit of $12,870.00 (including GST) to CB Richard Ellis (Agency) Limited Trust Account which sum
shall be applied by the Lessor in payment of two months rental payable pursuant to the Lease. 

  

	6.	THE AGENT 

  

	6.1	The Lessor hereby recognises CB Richard Ellis (Agency) Limited as its agent in connection with this Agreement and agrees to pay a fee in accordance with the CB Richard Ellis
(Agency) Limited standard scale of fees. 

  

	7.	GUARANTEE 

  

	7.1	The Lease shall be guaranteed by Datec Group Ltd. 

  

	8.	SPECIAL TERMS AND CONDITIONS 

  

	 	1.	This offer is subject to the lessor painting and repairing all the internal walls and the over head lights in reception to made to work. Colour schemes to be provided by the lessor.

  

	 	2.	Provide a door to close off the staff amenities area from the rest of the office. 

  

	 	3.	Use of office furniture, partitions, alarms and key pad locks as currently installed in premises. 

  

	 	4.	All signage from the previous tenant removed from foyer area. 

 THE SCHEDULE 
  
 THE PREMISE 
  
 ADDRESS: Part level 10,63 Albert Street, Auckland 
  
 AREA: approx. 240 sm 
  
 GROSS RENTAL: $52,000.00 pa plus gst plus 8 stacked carparks 
  
 LEASE TERM: 3 years 
  
 RIGHT OF
RENEWAL: 1 x 3 years 
  

					
			
	SIGNED by the Lessor	  	)	  	 
			
	                                      
  )	  	 	  	 
			
	DATE	  	 	  	 
			
	SIGNED by the Lessee	  	)	  	

			
	DATE 13/10/14	  	 	  	 
			
	SIGNED by the Guarantor/s	  	 	  	

			
	DATE 13/10/04	  	 	  	 

 THE SCHEDULE 
  

					
	THE PREMISE	 	 
		
	ADDRESS: Part level 10, 63 Albert Street, Auckland	 	 
		
	AREA: approx. 240 sm	 	 
	
	GROSS RENTAL: $52,000.00 pa plus gst plus 8 stacked carparks
		
	LEASE TERM: 3 years	 	 
		
	RIGHT OF RENEWAL: 1 x 3 years	 	 
		
	SIGNED by the Lessor            )	 	

	                                      
  )	 	 
		
	DATE 13/10/04	 	 
		
	SIGNED by the Lessee            )	 	

		
	DATE 13/10/04	 	 
		
	SIGNED by the Guarantor/s	 	

		
	DATE 13/10/04	 	 

	4.	FORM OF LEASE 

  

	4.1	The Lessor and the Lessee agree to execute a formal Lease of the premises. The Lease will be prepared by the Lessor’s Solicitor and executed by the Lessee at the cost of the
Lessee. The cost not to exceed $500.00 plus GST. 

  

	4.2	The Lessee shall execute the Lease within 30 days of it being received by the Lessee or by the Lessee’s solicitors. 

  

	5.	DEPOSIT 

  

	5.1	Upon execution of this Agreement by both parties the Lessee shall pay a deposit of $12,870.00 (including GST) to CB Richard Ellis (Agency) Limited Trust Account which sum
shall be applied by the Lessor in payment of two months rental payable pursuant to the Lease. 

  

	6.	THE AGENT 

  

	6.1	The Lessor hereby recognises CB Richard Ellis (Agency) Limited as its agent in connection with this Agreement and agrees to pay a fee in accordance with the CB Richard Ellis
(Agency) Limited standard scale of fees. 

  

	7.	GUARANTEE 

  

	7.1	The Lease shall be guaranteed by Datec Group Ltd. 

  

	8.	SPECIAL TERMS AND CONDITIONS 

  

	 	1.	This offer is subject to the lessor painting and repairing all the internal walls and the over head lights in reception to made to work. Colour schemes to be provided by the lessor.

  

	 	2.	Provide a door to close off the staff amenities area from the rest of the office. 

  

	 	3.	Use of office furniture, partitions, alarms and key pad locks as currently installed in premises. 

  

	 	4.	All signage from the previous tenant removed from foyer area. 

  

	 	5.	Rent review to market, ratchet to previous years rental, upon renewal after 3 years rental to increase by $1000 p.a.

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