Document:

Exhibit
10.15

 

	
  Terms & Conditions of
  Employment

  	
   

  	
  Executive

  

 

 

Between ntl
Group Ltd of ntl House, Bartley Wood Business Park,
Bartley Way, Hook, Hampshire, RG27 9UP ("the Company") and Mr Robert Gale, 42 Station Road, Thames Ditton,
Surrey, KT7 0NS, ("the Associate").

 

This contract sets out the main terms of your
employment, including the particulars of employment required by the Employment
Rights Act 1996 (Parts B and C).

 

Part A —
Personal terms

 

	
  Effective Date of New Terms and
  Conditions

  	
   

  	
  1st January 2002

  
	
  Continuous Employment Date

  	
   

  	
  5th January 1998

  
	
  Location

  	
   

  	
  Hook, Hampshire

  
	
  Job Title

  	
   

  	
  Group Director, Financial
  Control

  
	
  Bonus Scheme Range

  	
   

  	
  0-50%

  
	
  Entitlement to Overtime

  	
   

  	
  No

  
	
  Basic Salary (per annum)

  	
   

  	
  £120,000

  

 

Part B — Special conditions

 

Notice Periods

 

You are required to give the company 3 months
written notice to terminate your employment. The company is required to give
you 6 months written notice to terminate your employment.

 

Pension Arrangements

 

Subject to Plan rules and Inland Revenue
limits, the Company will make contributions of 10% of your pay which matches a
10% contribution by yourself into the Group Personal Pension Plan.

 

Private Healthcare Scheme

 

You are eligible for company funded private
healthcare family level cover.

 

Perk Car & Fuel Benefit

 

If you have the Company Car option, you will
be provided with a fuel card for the purchase of fuel for business and
reasonable private use. This is a taxable benefit attracting Fuel Scale Benefit
Charge. If you have the Cash Option, a fuel card is not available—however,
business and reasonable private fuel receipts may be reimbursed via expenses.
Your monthly allowance eligibility will be in accordance with the prevailing
company perk car policy, available on the ntl
intranet.

 

	
  Signed

  	
   

  	
  /s/ Carolyn Walker

  	
   

  	
  Director, Human Resources

  	
   

  	
  Date 17 February 2003

  
	
   

  	
   

  	
   

  	
   

  	
  For and on behalf of the ntl Group Ltd

  	
   

  	
   

  

 

I have read and I agree to and accept the
terms and conditions set out herein and have kept one copy for myself.

 

I consent to the company processing my
personal information in accordance with Clause 21.

 

I acknowledge that my attention has been
drawn to Clause 17 concerning deductions from salary and I consent to such
deductions being made.

 

	
  Signed

  	
   

  	
  /s/ Robert C. Gale

  	
   

  	
   

  	
  Date

  	
  21/2/03

  

 

 

Part C — General conditions

 

1. Employment Rights Act

 

The following particulars are given to you in
accordance with the terms of the Employment Rights Act 1996.

 

2. Duration of Employment

 

Your employment with the Company will begin
on the date specified in Part A and will continue in accordance with this
contract. This is also the start date of your continuous employment with the
Company unless otherwise specified in Part A. Your employment with any previous
employers will not count towards your statutory period of continuous employment
with the Company unless agreed and a separate date specified in Part A.

 

3. Job title

 

Your job title is specified in Part A.
You will comply with all reasonable directions of the Company and you shall
not, directly or indirectly, be interested or concerned in any manner in any
other business except with the Company's prior written consent.

 

4. Place of employment

 

You will be based at the location specified
in Part A. The Company reserves the right on reasonable notice to change
this either on a temporary or permanent basis to work at any premises of the Company
or any other Group Company within the UK. The Company may also require you to
travel as is reasonably necessary to carry out your job.

 

5. Hours of work

 

You standard working week will be 37.5 hours.
It is likely that you will be required to extend your hours as necessary in
order to meet the full requirements of your job and the business, subject to
the provisions of the Working Time Regulations 1998. You shall devote the whole
of your working time (unless prevented by ill health or accident or otherwise
directed by the Company) to the duties of your employment.

 

6. Remuneration

 

Your salary details are shown in Part A.
Salary is payable monthly in arrears in equal instalments
by credit transfer or such other method as the Company may adopt in the future.
Your salary will be reviewed annually at the Company's absolute discretion. In
addition to your basic salary you are eligible to participate in the Company
Bonus Scheme. Your potential additional earnings are as specified in
Part A and are paid in accordance with the Scheme rules. The Company Bonus
Scheme, operated at the Company's absolute discretion, is reviewed annually.
Earnings potential, payment periods and measurement criteria may be amended
according to the Company's needs. Any payments made under the Company Bonus
Scheme will be non-pensionable.

 

7. Pension

 

You may join the ntl
Group Personal Pension Plan, to which the Company contributes as shown in
Part B, subject 
to the rules of the Plan and Inland Revenue limits. Under the
Plan you will be contracted into SERPS unless you opt
to be contracted out. All associate contributions are deducted from monthly
salary and passed onto the Group Personal Pension Provision Provider.

 

8. Company insurance Schemes

 

You are automatically covered by the Group
Personal Accident and Group Life Assurance Schemes, after 3 months continuous
employment. You are also automatically covered by the Company's Group Permanent
Health Insurance Scheme unless otherwise stated. Cover is provided during
employment with the Company from the age of 18 until the age of 60 for
Permanent Health Insurance and age 65 for Life Assurance and Personal Accident
Insurance. Any entitlement to Permanent Health Insurance is subject to the Company's
right to terminate this contract for prolonged sickness absence in accordance
with the Company's Sickness Absence Policy. Your participation in any of the
Schemes referred to in this paragraph is subject to the rules of the relevant
Scheme. The Company reserves the right not to pay any benefit under any of
these Schemes, unless the Company is paid by the Insurer. Further information
on the Company Insurance Schemes is available on the ntl
intranet or from your line manager.

 

9. Perk car

 

On commencement of employment, you will be
entitled to the Perk Car benefit. For full details, please refer to the Perk
Car Policy and the Fuel Policy, which are available on the ntl
intranet. The Company reserves the right to review and amend these policies at
any time. It is a condition of your employment that you retain a current full
driving license (valid in the UK), reimburse the Company for private fuel and comply
with the rules of the Company's Fleet Insurance and relevant prevailing Perk
Car Policy and Fuel Policy. You must keep any company vehicle in good
condition. If you fail to comply with these rules or you are disqualified from
driving for any period, the Company reserves the right to
withdraw any car allocated to you and/or dismiss you immediately without
compensation in accordance with the Company's Disciplinary Policy and
Procedures. On leaving the Company, you must return any company vehicle in good
order, clean and roadworthy, to a Company site. Failure to do so without reasonable
excuse will result in your being liable for the total cost of the vehicle
recovery. Please refer to Part B overleaf for further information
regarding private fuel and allowances.

 

10. Annual leave

 

You are entitled to 25 days holiday,
increasing to 28 days after 5 years continuous service (entitlement will arise
upon the anniversary of the holiday year following the completion of 5 year's
service). In addition, you will be entitled to normal public holidays, unless
you are specifically required to work in which case you will be compensated in
accordance with the Public Holiday Policy. The current version is available on
the ntl intranet or can be obtained from Human
Resources (HR). The Company's holiday year is from 1 January to
31 December and your holiday entitlement will be calculated on a pro rate
basis in your first year of employment with the Company. Further details about
annual leave can be obtained from HR.

 

11. Sickness absence

 

If you are absent from work due to sickness
or injury, you may be eligible for Company sick pay, which is payable at the Company's
discretion. Subject to this discretion and provided you comply with the
Sickness Absence Policy requirements, you will be paid according to your normal
basic salary rate. The Sickness Absence Policy is available on the ntl Intranet or can be obtained from HR. The Company may
from time to time require you to be examined by a medical advisor nominated by the
Company, and you agree to provide such formal consents as may be necessary for
the results of such examinations to be disclosed to the Company.

 

12. Confidential information

 

During and after the termination of your
employment, you will treat and safeguard as private and confidential any
information concerning ntl or its associated
companies which you have received in the course of your employment (as outlined
in the attached Code of Conduct), and you will take all reasonable precautions
in dealing with such information, and you will not disclose or reveal any such
confidential information to any third party, either directly or indirectly,
other than to officials of the Company or with the Company's prior written
consent.

 

13. Notice periods

 

Please refer to Part B overleaf. Your
employment may be terminated by the Company, without notice or payment in lieu
of notice, if you commit any act of gross misconduct or gross negligence.
During any period of notice of termination (whether given by the Company or
you), the Company is under no obligation to provide you with work, and is
entitled at the Company's absolute discretion to exclude you from its premises.
During any such period of garden leave, you will be entitled to normal salary
and any other contractual benefits. The Company reserves the right, at its absolute
discretion, to make a payment in lieu of notice. Notice must be given in
writing to your Line Manager or in the case of absence, their deputy.

 

14. Retirement

 

The normal retirement age is 65 years. Your
employment will automatically terminate at he end of the
month in which you reach this age.

 

15. Disciplinary

 

The Company's Policy and Procedures on
disciplinary matters are available on the ntl
intranet or from your line manager. This Policy is a statement of management guidelines
and does not form any part of your contract of employment. The Company reserves
the right to change the Policy from time to time. The current version is
available on the ntl intranet or can be obtained from
HR.

 

16. Grievance

 

If you have a grievance relating to your
employment, you should raise your concerns in the first instance with your Line
Manager. If your grievance concerns your Line Manager, then you should report
the matter to the next most senior Manager or to HR. This Policy is a statement
of management guidelines and does not form any part of your contract of
employment. The Company reserves the right to change these from time to time.
The current version is available on the ntl intranet
or can be obtained from HR.

 

17. Deductions from salary

 

The Company reserves the right at any time
during your employment, or on termination of your contract of employment, to
deduct from salary any overpayment made and/or monies owed to the Company by
you. This is including but not limited to any excess holiday, outstanding
loans, advances, relocation costs, parking fines and any related administration
costs for which you and/or your permanent partner are responsible and which are
incurred in a vehicle provided by ntl, (either
company vehicle or hire car), private fuel reimbursement in accordance with the
prevailing Perk Car Policy and Fuel Policy and the cost of repairing any damage
or loss to property provided by the Company. This clause will not apply to any
sums or benefits due to you by virtue of your membership of the Company Pension
Plan.

 

18. Changes to terms and
conditions

 

The Company reserves the right to amend your
terms and conditions of employment and policies from time to time. You will be
given not less than four weeks notice of any such change. You will be deemed to
have accepted these changes should the Company have received no objection
before the end of the four-week notice period.

 

19. Health, safety and environment

 

ntl is committed
to ensuring, so far as reasonably practicable, that the workplace of every associate
is safe, does not pose a risk to health and does not cause damage to the
environment. All associates are therefore required to familiarise
themselves with their responsibilities as outlined in the current ntl Health and Safety Policy, Environment Policy, Safety
Standards booklet, (NT.P090) and Safety Information sheets. The current version
is available on the ntl intranet or can be obtained
form the Health and Safety Group.

 

20. Collective agreements

 

There are no collective agreements relevant
to your employment unless otherwise specified in Part B.

 

21. Data Protection Act

 

In accordance with the Data Protection Act of
1998, the Company will hold and process the information it collects relating to
you in the course of your employment for the purposes of employee administration,
statistical and record keeping purposes. This may include information relating
to your physical or mental heath. Some of your information may be processed
outside the European Economic area. Your information will be treated confidentially
and will only be available to authorised persons.

 

22. Data protection compliance

 

When dealing with data relating to the Company's
business, you are required to comply with the Company's Data Protection Policy,
which can be obtained from the Group Compliance Officer. Failure to comply with
this Policy may result in disciplinary action.

 

23. Company Equipment

 

In order to fulfil
your duties you may be issued with Company equipment. This is a non-contractual
benefit and may be withdrawn at any time, or you may be transferred to another
position which does not require use of the allocated equipment. You must keep
the equipment in good condition. On leaving the Company, you must return the
equipment in good order to the Company site. Failure to do so could result in
you being liable for the total cost of its replacement.

 

24. Entitlement to Work in UK

 

Your employment is conditional upon you being
legally entitled to live and work in the UK. If your status changes and you are
no longer entitled to live or work in the UK, your employment will be
terminated without notice or payment in lieu of notice.

 

 

 

 

21st October 2005

 

PRIVATE & CONFIDENTIAL

 

Mr Robert Gale

42 Station Road

Thames Ditton

Surrey

KT7 0NS

 

Dear Robert

 

RE: CHANGES TO TERMS AND
CONDITIONS OF EMPLOYMENT

 

I am pleased to confirm that your base salary
has increased to £170,000 per
annum.

 

This change will be effective from 1st
August 2005 and included in the next available pay run.

 

All other Terms and Conditions remain
unchanged.

 

Please sign both copies of this letter, returning
one copy to Karen Norman, People4ntl, Hook.

 

Yours sincerely

 

 

 

Karen Norman

P4ntl Co-ordinator

Corporate, Business &
Networks

 

I confirm my acceptance of the above changes
to my Terms and Conditions of Employment.

 

 

	
  SIGNED

  	
   

  	
   

  
	
   

  	
  NAME

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  DATEExhibit
10.59

[RUPEE GRAPHIC]

LEASE DEED

THIS LEASE DEED is executed at Chennai this 01st day of February, 2006

Between:

Transpacific Business Service Private Limited, a company registered under the provisions
of the Companies Act, 1956 and having its registered office at 1005, Maker
Chambers V, Nariman Point, Mumbai 400 021 and represented herein by its
Authorised Signatories Mr. C S Ilangovan, Director, Mr. Dipesh Desai Chief
Accounts Officer and Mr. Salai Kumaran, Chief operating Officer, each of them duly
authorized severally in this behalf by a Board Resolution dated 20th January 2006, hereinafter
referred to as the “LESSOR” (which expression shall unless it be repugnant to
the context or meaning thereof be deemed to mean and include its successors and
assigns) of the One Part;

AND

 At
Road Software India Private Limited, a company incorporated under the provisions of the Companies Act 1956
and having its offfice currently at Third Floor, ELNET Software City, CPT Road,
Taramani, Chennai - 600-113 and represented herein by its authorized signatory,
Mr. Rajan S. Aiyer, and duly
authorized in this behalf by a Board Resolution dated February 1, 2006,
hereinafter referred to as the “LESSEE” (which expression shall unless it be
repugnant to the context or meaning thereof be deemed to mean and include its
successors-in-interest and assigns)  of
the Other Part :

 1
 

 

WHEREAS:

	
   

  	
  a.

  	
  The
  Lessor is the absolute owner of the premises bearing No. 901(A1) and No.
  902(A2) admeasuring in the aggregate 37,262 Square Feet and Corridor Area
  admeasuring 648 Square Feet, that is, in the aggregate admeasuring 37,910
  Square Feet on the 9th Floor of the building known as TIDEL Park
  situated on the land at TIDEL Park, No. 4, Canal Bank Road, Taramani, Chennai
  600 113, in the Kanagam Village, Mambalam - Guindy Taluk, Chennai District
  which premises are more fully described in the First Schedule hereunder
  written and hereinafter referred to as the ‘said Premises’ with the amenities
  therein which amenities are described in the Second Schedule below.

  
	
   

  	
   

  	
   

  
	
   

  	
  b.

  	
  AND
  WHEREAS the Lessor has represented that the Lessor had last leased the said
  Premises to M/s Sutherland Technologies Ltd. and the said lease has expired
  on 15th Oct 2005 and no person or party has now any right, title, interest or
  claim to the said Premises except the Lessors.

  
	
   

  	
   

  	
   

  
	
   

  	
  c.

  	
  The
  Lessee is desirous of taking the said Premises with the said amenities
  therein on Lease from the Lessor for an initial lease period of 36 months,
  with an option to renew the lease for further two terms of 3 years each;

  
	
   

  	
   

  	
   

  
	
   

  	
  d.

  	
  The
  Lessor has agreed to give the said Premises with the said amenities therein
  on Lease to the Lessee for a period of 36 months with an option for renewal
  as aforesaid subject to the Lessee observing and complying with the terms and
  conditions mentioned herein.

  

 

NOW THIS LEASE DEED WITNESSETH
AND IT IS HEREBY AGREED BY AND BETWEEN THE PARTIES HERETO AS FOLLOWS:

	
   

  	
  1.

  	
  The Lease: In consideration of the Lease Rent to be
  paid as mentioned herein and in consideration of due observance of the terms
  and conditions set out herein, by the Lessee, the Lessor hereby grants on
  Lease basis, to the Lessee and the Lessee hereby accepts on Lease basis, from
  the Lessor, the said Premises (more particularly described in the First
  Schedule hereto), for running its office and for carrying on its business
  along with equipments, fittings and amenities therein (more particularly
  described in the Second Schedule hereto) for an initial lease period of 36
  months from February 1, 2006. The parties to the deed covenant that under
  this deed a lease to use and occupy the said Premises with the said amenities
  alone is given to the Lessee on the terms and conditions herein contained and
  to be observed and performed by the parties and no other right is created in favour
  of the Lessee in respect of the said Premises.

  

 

 2
 

 

2.     Lease
Rentals: The Lessee shall pay to the
Lessor as lease rent for the use and occupation of the said Premises @ Rs. 50/-
per sq. ft. per month in respect of 37,910 Square Feet super built-up areas as
specified in the First Schedule hereunder written, payable in advance by 5th day of every English calendar
month after deducting Income Tax at source, as applicable

3.     Escalation:
Subject to Clause 4 below. Lease rentals shall escalate @ 3% cumulative every
year, including on further renewals. 
Therefore, the yearly lease rentals from 1st February, 2007 onwards shall be as mentioned
in the Third Schedule hereunder written.

4.     Revision
of  Lease  Rentals: Above Lease Rentals shall be mutually renegotiated
during the subsistence of this Lease Deed if the rentals in TIDEL Park
fluctuates plus or minus 20% of its existing or the then prevailing rentals and
such derived / new rentals shall be in force for the balance tenure of the
Lease and the subsequent escalations / deductions shall be paid on such derived
/ new rentals.

5.     Delay
in  Payments:
Subject to the provisions of Clause 21 below, if the Lessee fails to pay the
rentals as aforesaid, for a continuous period of three months, it will have to
immediately vacate the said premises. Provided that in the event of the Lessee
failing to pay the rental for any month as agreed, the Lessee shall pay
interest on the unpaid amount at the rate of 15 % till payment without
prejudice to the right of the Lessor to obtain the vacant possession of the
premises in case of failure to pay the rent for a continuous period of three
months.

6.     Security
Deposit: The Lessee has paid an  Interest 
Free Security Deposit of Rs. 1,51,64,000/- (Rupees One Crore Fifty One
Lakhs Sixty Four Thousand only) on or prior to signing of this Lease Deed and
the  Lessor has thereupon handed over the
possession of the said Premises to the Lessee to hold, use and enjoy the said
Premises in terms hereof.

7.     Refund
of  Security  Deposit: Subject to clause 21 below, this Security Deposit
shall be refunded by the Lessor to the Lessee, upon the Lessee debonding the
said Premises and the Lessee shall hand over the keys to the said Premises
simultaneously upon expiry of the period of this Lease Deed or sooner
determination thereof or upon expiry of the period of renewal thereof.  If the Lessee is interested to hand over the
said Premises and the Lessor does not refund the Security Deposit, the Lessee
shall hold the said Premises as Security and will not be liable to pay the
lease rent and other charges from that date till the date of the refund of the
full Security Deposit with interest to the Lessee.  In

 3
 

 

addition
to allowing the Lessee to continue to remain in possession of the said premises
as aforesaid, the Lessor shall also pay interest on the Security Deposit at the
rate of 15% from the date the Lessee was ready to handover the possession till
the full refund. On the other hand, if the Lessor is ready to refund  the full Security Deposit but the Lessee does
not vacate the said Premises and handover the possession thereof to the Lessor,
then the Lessee is liable to pay twice the prevailing lease rental  per month till the Lessee vacates the
premises and simultaneously with such vacation of the premises and debonding of
the space Security Deposit shall be refunded by the Lessor to the Lessee  Provided that the provisions hereinabove
contained are without prejudice to the rights and remedies of the Lessor to
take back the possession of the said premises and of the Lessee to receive the
refund of the Security Deposit at the cost of the defaulting party.

8.     Consumption
Charges: The Lessee shall pay
electricity and telephone charges on the actual basis directly to the
authorities concerned as per the electricity and telephone bills received in
respect of the said premises.

9.     Taxes
and  Statutory
Levies: The Lessor shall alone bear and
pay all existing and future rates, taxes, cesses, assessments and other
statutory levies by whatever name called including property tax and sewerage
tax  and payable in respect of   the said Premises.  In the event of the Lessor failing to pay any
of the statutory levies aforesaid in time, the Lessee shall be entitled (but
not bound to do so) to pay and discharge the same and to deduct the amounts
paid by it from the monies payable to the Lessor.

10.   Lock
In  Period: Except
as provided herein, it has been expressly agreed by and between the parties
hereto that neither party shall have the right to terminate the Lease hereby
given for the initial period of 36 (Thirty six) months i.e. up to January 31,
2009 (“Lock In Period”).  In the event
that the Lessee terminates the lease under this Deed during the Lock In Period,
the Lessee will pay the Lease rentals that will be payable under this Deed, for
the unexpired portion of the Lock In Period and the Lessor shall refund to the Lessee
the balance security deposit after deducting from it the rent for the unexpired
lease term i.e. up to 31st January 2009. Provided that if the security
deposit is less than the amount of the lease rent payable by the Lessee to the
Lessor, including the lease rent for the unexpired Lock-in-Period, the Lessee
shall, simultaneously on  vacating the
Leased Premises but no later than fifteen (15) days from the date of such
termination, pay the balance amount payable to the Lessor. Failure to pay so
within the said time frame of fifteen (15) days, the Lessee shall be liable to
pay as penal charges, an amount equal to twice the amount of the prevailing
lease rent for the unexpired Lock-in-Period.

 4
 

 

11.   Lease
Tenure: This Lease Deed shall be
initially valid for a period of 36 (Thirty six) months commencing from February
1, 2006 and renewable at the option of the Lessee for a further two periods of
3 (three) years each. In case the lease is renewed, the lease rentals shall
continue with the cumulative escalation as mentioned in Clause No. 3 & 4 above
and each lease term shall be terminable by the Lessee by giving a three months
written notice to the Lessor. It is agreed that each renewal option given to
the Lessee shall be subject to the same terms and conditions as herein
contained except the increase in rent as provided in Clauses 3 & 4 above
and the subsequent Lock In Period which shall be agreed upon mutually at the
time of such renewals. Further, after the Lessee has exhausted its option for
renewal for two further terms of three years each, any further renewal shall be
on mutually agreed terms.

12.   Obstruction
or  Hindrance: The
Lessee shall not in any manner obstruct or hinder the other occupants (i.e.,
other lessees) of the premises on the same floor or in the same building from
using the common areas. The Lessee shall not commit any act, which may cause unreasonable
nuisance to the other occupants. The Lessee shall ensure that no belonging of
the Lessee shall be kept in the common areas. Lessor agrees that other
occupants have agreed to the same provisions of this Clause 8. The Lessor shall
ensure that no obstruction or hindrance is caused by any of the other
occupants, obstructing free access or enjoyment of the said Premises by the
Lessee.

13.   Usage
of  Premises & Interiors:

a.     The Lessee shall keep the
interior of the said Premises in the same condition as they were in when the
Lessee had taken the said premises and amenities from the Lessor, subject to
normal wear and tear and subject to repairs and renovations carried out by the
Lessee.

b.     Subject to what is
contained herein, the Lessee shall at its sole cost repair and maintain the
interior of the said Premises and the internal electrical, water, drainage,
sewerage and other systems in the said Premises to keep it in good and
tenantable condition.

c.     Except for the Lessee’s
responsibilities as provided herein, the Lessor at its cost and expense shall
keep the entire premises wind and watertight at all times, for the proper use
of the said Premises and amenities including without limitation the building’s
roof, foundation, structure, walls, external plumbing, drainage systems,
sewerage lines, air conditioning, electricals of the building etc., provided
however, in the event of the Lessor failing to

 5
 

 

carry
out any repairs, the Lessee shall be entitled to undertake and complete the
required repairs and to deduct the costs thereof from the monies payable by the
Lessee to the Lessor.

14.   Fit-outs
in  the  Premises: The Lessee shall be entitled to:

a.     Do up the interior of the
said Premises at the discretion and as required by the Lessee and to install
such fixtures, fittings and furniture as the Lessee deems fit;

b.     To make any additions or
alterations to light points, wiring, electrical fixtures and fittings;

c.     To erect partitions, to
make cabins, install room air-conditioners or central air-conditioning plant
and related accessories including cooling towers subject to approval from the
Lessor/TIDEL Park Ltd.;

d.     To
fix or install such other devices, gadgets and equipments as the Lessee may
deem fit from time to time for the purpose of carrying on its business in the
said Premises other than the specified common areas;

e.     To
remove, at its discretion, such additions, alterations, air-conditioners,
internal partitions, cabins, devices, gadgets, carpets, electrical fittings,
furniture and fixtures and other equipments installed by the Lessee and whether
or not affixed to the earth or to the building. However, the addition/deletion
in furnishings, fittings and fixtures shall be informed to the Lessor as a
matter of course in writing. Any additions/deletions/alterations/modifications
shall conform to all the specifications as prescribed by TIDEL Park Limited and
already conveyed by the Lessor to the Lessee in writing.

15.   Tower
Space  in
Terrace: The Lessor shall facilitate
and help the Lessee to provide access and permission to utilize area on the
terrace of the TIDEL Park, which is subject to the approval and payment of
charges if any to TIDEL Park Ltd for the purpose of installation of an antenna or
other telecom device(s) needed for Business Purposes.

16.   Insurance
by  Lessee: The
Lessee may insure and keep insured in such adequate amounts to cover
replacements or loss and with reputable insurance companies the following:

a.     Such fixtures and fittings
for the replacement of which the lessee is responsible

 6
 

 

b.     All liabilities of the
lessee and its authorized agents, employees and/or representatives arising out
of and in connection with the lessee’s use and occupation of the said premises.

c.     Any other risk or matter in
Lessee’s sole discretion.

17.   Observe and
Perform Actions based on Bye-Laws: The Lessee shall observe and
perform the bye-laws and other regulations, if any, of the TIDEL Park Limited
as far as the said Premises are concerned, a copy of which existing bye-laws
has been handed over to the Lessee and which bye-laws are uniformly applicable
to all occupants in the said building TIDEL Park.

18.   Insurance
by  Lessor: The
Lessor shall take out necessary insurance with respect to the said Premises and
copies of the same shall be provided to Lessee. The Lessor shall maintain the
already existing comprehensive general liability and all peril insurance
covering the Building including the said premises and all machineries and
equipments, installations and systems etc. Copies of the insurance policies
shall be furnished to the Lessee.  The
insurance covers, inter alia, riots, floods, tempests, fire, earthquake and all
kinds of natural calamities.

19.   Sub-Lease  Option: Except
as provided herein, the Lessee shall not assign, transfer, sublet or part with
possession of the said premises and amenities or any portion thereof. However
it is provided that the Lessee may during the lease tenure, sublet the entire
or a part of the said premises to any person, subject to obtaining prior
approval of the Lessor in writing in this regard which approval shall not be
unreasonably withheld. Further it is expressly agreed that the Lessor shall
continue to receive the prevailing lease rental from the Lessee notwithstanding
the fact that the Lessee receives a sub-lease rental below the prevailing lease
rental under the sub-lease agreement entered into by it. The sub-lease
agreement entered into by the Lessee shall automatically stand terminated once
the Lease Deed between the Lessor and the Lessee expires or is terminated or
sooner determined, provided, however, and it is hereby expressly agreed that
the Lessee shall be entitled to assign the Lease hereby granted in part or in
full to any its parent/associate/affiliate companies in which the Lessee has a
majority equity stake or which has a majority equity stake in the Lessee
without any consent from or any additional payment to the Lessor but the Lessee
shall give prompt written notice and obtain confirmation from Lessor of any
such assignment to the Lessor, and which confirmation shall not be unreasonably
withheld provided, further and it is hereby also agreed that the Lessee shall
be entitled without any consent from or any additional payment to the Lessor to
allow the joint use of the said premises to any of its parent/associate/affiliate
companies as aforesaid.

 7
 

 

20.   Action
against Law: Neither Lessee nor Lessor shall commit any act, which
is prohibited under the laws.

21.   Breach
of  Contract: If a
party commits a material breach of the terms and conditions of this Deed, the
other party shall issue a notice upon the party in breach, requiring it to
remedy the breach within 30 (thirty) days from the date of receipt of the
notice. In the event the party in breach fails to remedy the breach within the
aforesaid 30 (thirty) days, the other party will be entitled to forthwith
terminate this Deed. In an event, the Lessee commits a material breach of the
terms and conditions of this Deed, it shall vacate the said Premises and hand
over vacant possession thereof to the Lessor if the Lessee fails to remedy the
breach within 30 (thirty) days from the receipt of the notice in that behalf
from the Lessor and the Lessor shall refund the Security Deposit immediately
after adjusting the unpaid lease rentals, if any / any other defaults on Lessee’s
part, as mentioned in clause 6.

22.   Return of
Possession of Space: At the expiry of the Lease period or any
extension thereof or on earlier termination of the Lease in accordance with the
provisions hereof, the Lessee shall deliver to the Lessor vacant possession of
the said Premises in the same condition in which it had taken the same, subject
to natural wear and tear, damage by riot, strike, war, earth quake, tempest,
flood or other act of God and subject also to the repairs and renovations by
the Lessee. At the expiry of the Lease or sooner determination thereof, if the
Lessee handsover the said Premises to the Lessor in a damaged condition, the
Lessor shall be entitled to adjust the interest free Security Deposit towards
the cost of repair / or replacement of parts of the said Premises; such cost to
be certified by a reputed architect reasonably selected by the parties.

23.   Inspection
by Lessor: The Lessor or its authorized representatives shall be
entitled to inspect the said Premises, whenever necessary within reasonable
hours in day time upon giving prior intimation of at least 1 business day (except
in case of emergency) to the Lessee.

24.   Repairs in
the Premises: The Lessee shall not carry out any structural
additions or alterations to the said Premises. The minor day to day repairs
such as replacement of fuses, fixing of leaking water, taps, minor repairs
shall be carried out by the Lessee at its own cost, but all major repairs
relating to bursting of sanitary pipes, changes in the electrical system, crack
in construction etc. shall be the responsibility of the Lessor and shall be
repaired/replaced by the Lessor at its own cost upon the Lessee giving the
Lessor 3(three) days to carry out such works. 
In case the Lessor fails to take any timely action, the Lessee shall be

 8
 

 

entitled
but not bound to do the same and deduct the costs from the monies payable to
the Lessor.

25.   Power:
The Lessee shall be provided with 350 KVA power from TIDEL Park Ltd. If the
Lessee requires additional power, it shall be entitled to apply for and obtain
at its own cost, power supply from TNEB or from any other source and the Lessor
shall extend all possible assistance and co-operation in this behalf without
any financial liability.

26.   Payments to
Lessor: All payments to be made hereunder by the Lessee to the
Lessor shall be made by cheque/DD payable at Chennai.

27.   Stamp Duty
& Registration of the Lease: The Lessee shall pay for the Stamp
Duty and Registration Charges as applicable to the Concerned Authorities at the
time of Lease Registration. However, for any subsequent Lease Registration due
to Sale / Transfer of Ownership of the subject premises, Lessor shall be
responsible to get the New Owner to agree on the terms and conditions mentioned
herein and for such fresh Lease Registration, Lessor shall bear all charges
relating to documentation and registration.

28.   Force Majure:
Notwithstanding anything to the contrary, in case of any violence, civil  commotion, tempest, flood, earthquake, or any
inevitable accident or any act beyond the Lessor or the Lessee’s reasonable
control causing damage to the Premises or the Building housing the Premises, or
in the event of the Premises or the Building housing the Premises or any part
thereof is sealed or prohibited to be used by any municipal / governmental/
judicial/ quasi-judicial or local authority resulting in the Lessee, being
unable to use and enjoy the Premises for its business for a continuous
period  of 30 days and the same not being
rectified by the Lessor within 30 days of the same arising, the Lessee shall be
entitled to terminate this Lease, without penalty, by giving 30 days written
notice to the Lessor without assigning any reason thereof. The Lessor shall
thereupon refund in full the Security Deposit after deducting any unpaid Lease
Rentals / Default of Payments on Lessee’s part within 30 days thereafter. It is
agreed that the Lessee shall not be liable to pay any rent or other charges for
the period the Lessee is not in a position to use the said Premises.

29.   Dispute
Resolution:. In the event of any dispute arising under or by virtue
of this Agreement or any difference of opinion between the parties concerning
their rights and obligations under the Agreement the parties shall use their
best efforts to resolve such disputes or differences amicably by discussion and
mutual accord. If the dispute cannot be resolved in this manner within fifteen
(15) days, the parties shall arrange a meeting between appropriate
representatives

 9
 

 

designated
by each Party, who shall have an additional 15 (fifteen) days to resolve the
dispute or difference. If the dispute or difference is not resolved within the
thirty (30) days period then, unless the parties otherwise agree in writing,
either party may serve written notice on the other party stating its intention
to proceed to arbitration. The unresolved dispute or difference shall be
finally settled by arbitration under the Arbitration and Conciliation Act 1996.
Such arbitration shall be the sole and exclusive remedy between the parties
with respect to such dispute. In the event of a dispute or difference being
referred to arbitration, this contract will continue to be enforced.

30.   Arbitration:
The arbitration shall take place in Chennai, Tamil Nadu.

 10
 

 

THE FIRST SCHEDULE ABOVE
REFERRED TO :

(Details of the demised
premises)

TIDEL Park, 9th Floor,
No.4, Canal Bank Road, Taramani, Chennai 600 113 situated in  Kanagam Village, Mambalam - Guindy Taluk,
Chennai District on .Land admeasuring an extent of 8.01 Acres, comprised in
T.S. No.4/2 in Block 6 and T/S No. 4/3 in Block No. 7 in Kanagam Village, Mambalam
Guindy Circle, Chennai dist., comprised in T.S. No. 2/1 in Block No. 6 &
T.S. No. 4/2 in Block No. 6 in Mylapore Triplicane Village, Thiruvanmiyur Dist
and situated within the Sub-Registration District of Saidapet and Registration
District of Chennai bounded on the

North by MGR Film City,

East by Canal Bank Road,

South by ITTI Campus and

West by CSIR Campus

The following modules of the above property:

Module 901 (A1) measuring 1731.26 Square meters (18,628 Square Feet)

Module 902 (A2) measuring 1731.74 Square meters (18,634 Square Feet)

Corridor area admeasuring 648 Square Feet

Total (37,910 Square Feet)

 11
 

 

THE SECOND SCHEDULE ABOVE
REFERRED TO :

Amenities

All amenities will be Centralized and provided by TIDEL Park Ltd., the
maintenance management company

These include the facilities on the lines of the below mentioned items
(indicative)

Centralized Air-conditioning (I.e. up to the AHU’s)

100% Power Back up

Centralized Fire protection system

Data & Voice connectivity enabled (However Lessee has to install his own
system to tap this)

House keeping of Common areas

Access Control in all common lift lobbies

Other General Integrated Building Management systems forming part of overall
facilities management

More details about the above are also available on their website -
www.tidelpark.com

 12
 

 

THE THIRD SCHEDULE ABOVE
REFERRED TO :

(Particulars of
Increased Rentals)

I. Rental
Scehdule

	
  Area to let out (in sft.)

  	
   

  	
  37,910

  	
   

  	
  37,910

  	
   

  	
  37,910

  	
   

  	
  37,910

  	
   

  	
  37,910

  	
   

  	
  37,910

  	
   

  

 

	
  Particulars

  	
   

  	
  Year 1

  	
   

  	
  Year 2

  	
   

  	
  Year 3

  	
   

  	
  Year 4

  	
   

  	
  Year 5

  	
   

  	
  Year 6

  	
   

  
	
  Rent agreed per
  month per sq. ft. (Rs.)

  	
   

  	
  50.00

  	
   

  	
  51.50

  	
   

  	
  53.05

  	
   

  	
  54.64

  	
   

  	
  56.28

  	
   

  	
  57.96

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Rental amount per month
  (Rs.)

  	
   

  	
  1,895,500

  	
   

  	
  1,952,365

  	
   

  	
  2,010,936

  	
   

  	
  2,071,264

  	
   

  	
  2,133,402

  	
   

  	
  2,197,404

  	
   

  

 

 13
 

 

IN WITNESS WHEREOF the parties hereto have signed this Deed (in
Duplicate) at the place, day, month and year first hereinabove mentioned.

	
  SIGNED
  SEALED AND DELIVERED

  
	
  by
  the within named LESSOR

  
	
  Transpacific Business Services Private Limited

  
	
  By
  the Hands of its Authorised Signatory

  
	
  /s/  C.S. ILANGOVAN

  
	
  Mr. C.S. ILANGOVAN

  
	
  Director

  
	
   

  
	
  Witness:

  
	
  1.  /s/ 
  J. SUNDAR RAJAN

  
	
  J. Sundar Rajan - CB
  Richard Ellis

  
	
  c/o R. Jagannathan, Plat 9
  Door No. 10

  
	
  L.H. Nagar, II Layout,
  Adambakkam

  
	
  Chennai 600088

  
	
   

  
	
  SIGNED SEALED AND
  DELIVERED

  
	
  by the within named LESSEE

  
	
  At Road
  Software India Private Limited

  
	
  by the Hands of its duly
  Authorised Signatory

  
	
  /s/ RAJAN S. AIYER

  
	
  Mr. Rajan S. Aiyer

  
	
   

  
	
  Witness:

  
	
  1. /s/  J. BELAJI

  
	
  J. Belaji

  
	
  c/o T. R. Jadaraman

  
	
  4th  Floor, Elnet Software City

  
	
  C.P.T. Road, Tasamani

  
	
  Chennai - 600113

  

 

 14

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