Document:

EX-10.41

 Exhibit 10.41 

 
 

 
 THIS DEED OF LEASE is made and executed this 12th day of December, 2013. 

BETWEEN 

ASCENDAS IT PARK (CHENNAI) LIMITED, a company incorporated under the Companies Act, 1956 having its registered office at Unit No.
7 & 8, I Floor, International Tech Park Chennai, CSIR Road, Taramani, Chennai - 600 113 represented by its Authorised Signatory Mr. V.V. Balaji, hereinafter referred to as the “LESSOR” (which expression shall unless
excluded by or repugnant to the subject or context be deemed to mean and include its successors and assigns) of the ONE PART and presented by
                     duly authorized in terms of resolution passed by its Board of Directors on 

AND 
 LIONBRIDGE TECHNOLOGIES PRIVATE LIMITED, a company incorporated under the Companies Act, 1956 having its registered office at 6th Floor, Spectra Building, Hiranandani Business Park, Powai, Mumbai 400 076 hereinafter referred to as the
“LESSEE” (which expression shall unless excluded by or repugnant to the subject or context mean and include its successors and permitted assigns) of the OTHER PART represented by its Authorised Signatory Mr. Sarath Chandra
Divella. 
  
 

 

					
	WHEREAS	  	
		
	A.	  	The Lessor is the absolute owner in respect of the land measuring 5 acres situated at Taramani - CSIR Road, Chennai, Tamil Nadu fully described in the First Schedule
hereunder written and hereinafter referred to as the “Said Land” having been put in possession of the same by the Government of Tamilnadu through the Collector of Chennai vide his proceedings bearing Letter No: 02/49655/2001 dated
26th July 2005.
		
	B.	  	The Lessor has constructed a building known as “Crest, International Tech Park, Chennai” on the Said Land for information technology related businesses and/ or
IT enabled services and other related services and amenities. The expression “International Tech Park, Chennai” means the 2nd Phase of construction consisting of 5 acres of the Land out of the 3 phases of construction.
		
	C.	  	The Lessee has approached the Lessor to grant a lease of Unit No. #7 – 01 on the 7th floor measuring approximately 25,720 sq.ft square feet of super built up area in crest, International Tech Park, more
fully described in the Second Schedule hereunder written and hereinafter referred to as the “Unit”. The Unit is delineated in red in the floor plan in the Third Schedule.
		
	D	  	The Lessor has agreed to grant a lease of Unit on the terms and conditions set out hereinbelow.
	
	NOW THIS DEED WITNESSETH AND IT IS HEREBY AGREED BY AND BETWEEN THE PARTIES HERETO AS FOLLOWS:
			
	1.	  	THE LESSEE COVENANTS WITH THE LESSOR as follows:	  	
			
	1.1	  	The lease shall be for a period of 3 (three) years with effect from 26th January, 2014 to 25th January, 2017.	  	Term
			
	1.2	  	The Lessee shall pay a sum of Rs.49.45/- (Rupees Forty Nine and paise forty five only) per square feet per month in respect of 25,720 square feet of the super built up area of the
Unit aggregating to Rs. 12,71,854/- (Twelve Lakhs Seventy one thousand eight hundred and fifty four only) subject to any withholding taxes and / or other statutory deductions as may be applicable from time to time.	  	Rent
			
	1.3	  	The Lessee has deposited an interest free refundable security deposit of Rs.1,27,18,540/- (Rupees One Crore Twenty Seven Lakhs Eighteen thousand Five hundred and Forty only)
equivalent to 10 months of the total monthly aggregate rent by way of security for the due observance and compliance of the terms and conditions of this Deed. The security deposit shall be returned by the Lessor subject to deduction of such sum as
may be due and owing by the Lessee to the Lessor (including monies payable for reinstatement of the Unit if the Lessee has failed to do so) within a period of 15 days after the return of vacant possession of the Unit by the Lessee to the Lessor,
failing which the same shall carry interest at the rate of 18% p.a. till it is fully returned.	  	 Security
 Deposit

  
 

 

					
	1.4	  	The Lessee shall enter into a separate Services Agreement with the Lessor or its assignee(s) in relation to the operation and maintenance of the common areas and the use of the car
park	  	 Services
 Agreement

			
	1.5	  	The Lessee shall pay to the Lessor the actual charges/fee/s for all utilities including air-conditioning and electricity used for the Unit as per the reading of the meters installed
for the purpose within two business days immediately upon demand made by way of submission of Bills / Debit Notes raised upon Lessee by the Lessor by the Lessor. The Lessor reserves the right to forthwith terminate these services for any non-payment
for more than seven business days from the due date after a written reminder notice has been sent from the Lessor to the Lessee.	  	Utilities
			
	1.6	  	The Lessee shall pay the monthly rent reserved in clause 1.2 above every month in advance on or before the 5th day of each calendar month according to English Calendar. All other payments due pursuant to this Deed shall be paid
within 7 days of date of billing unless otherwise stipulated in the bill.	  	 Payment
 Date

			
	1.7	  	The Lessee shall make payment of rent and other monies due under this Deed by demand draft or account payee cheque, payable at Chennai or by means of a bank transfer to the
lessor’s bank account and drawn in the name of the Lessor subject to any withholding taxes and / or other statutory deductions as may be applicable from time to time. Outstation cheques will not be accepted.	  	Mode of payment
			
	1.8	  	If the rent or any other sum due under this Deed is not paid on the due date, the Lessee shall pay interest at the rate of 1.5% per month from the due date till the date of
payment.	  	Interest
			
	1.9	  	The Lessee shall submit to the Lessor the tax deductible at source (TDS) certificates evidencing the Income Tax deducted and deposited in the calendar month of May every
year.	  	TDS
			
	1.10	  	 The Lessor shall pay the Property Tax and Urban Land Tax as may be assessed from time to time and all other taxes if any shall be
reimbursed by the Lessee in respect of the Unit, as and when demanded by the Lessor.
  
 The Lessee shall also pay the applicable Service Taxes on the rental mentioned in clause 1.2 above. Further, the Lessee also undertakes to pay any sales tax/ value added tax/lease tax, if any, on the Fit
Out Rent reserved herein.
  
 All Statutory fees, Statutory rates, Statutory
charges and taxes on the rentals, O & M or any other services, amenities, utilities etc. as the case may be and statutory levels to the state and central government pertaining to this Lease shall be borne by Lessee. All such amounts must be
communicated to the Lessee in advance.
	  	Taxes
			
	1.11	  	The Lessee shall bear stamp duty and registration charges of this Deed.	  	Stamp Duty & Others

  
 

 

					
	1.12	  	The Lessee shall use the Unit for the purpose of IT/ITES only and shall not use the same for any other purpose without the prior written consent of the Lessor.	  	 Authorised
 Use

			
	1.13	  	The Lessee undertakes and warrants that it has all necessary permissions and approvals as required to carry out its activities in the Unit and is legally competent to enter into
this Deed to carry out the above activities and shall be solely responsible and liable for the same.	  	 Lessee’s
 Approvals

			
	1.14	  	The Lessee shall not store or bring into the Unit any article, substance or liquid of a specially combustible, toxic, noxious, inflammable or explosive nature and shall comply with
the requirements and recommendations of all governmental and statutory authorities, including, the fire authority and municipal authorities, and the Lessor.	  	Inflammable or Explosive Substances
			
	1.15	  	The Lessee shall not carry out or permit to be carried out in any part of the Unit, the building or the Said Land any offensive, illegal or unlawful manufacture, business or
activities.	  	 Illegal
 Activities

			
	1.16	  	The Lessee shall not affix, paint or otherwise exhibit any name plate, banner, advertisement or other sign except with the Lessor’s prior written approval.	  	Signage
			
	1.17	  	The Lessee shall keep the Unit in good and tenantable condition from the date of possession of the Unit till the same is handed over back to the Lessor (reasonable wear and tear
excepted).	  	 Tenantable
 Condition

			
	1.18	  	The Lessee shall not damage or suffer to be done damage in or to the Said Land and the building and other facilities thereon including without limitation the staircases, lifts,
passage ways, car parks, common areas and amenities (reasonable wear and tear and genuine accidents excepted).	  	Damage to Said Land
			
	1.19	  	The Lessee shall not be entitled to assign, let, sub-let, grant leave and licence or part with possession of the Unit or any portion thereof However, Lessee may assign the Unit to
its subsidiaries or group companies where 51% or more of its shareholdings is held solely by Lessee or the Lessee’s Parent Company with prior intimation to the Lessor and the same would not be unreasonably withheld.	  	Assignment or Subletting
			
	1.20	  	The Lessee shall not do any acts, deeds or things which may cause any annoyance or nuisance to the co-occupant/s of the said building.	  	Nuisance
			
	1.21	  	If on or after expiry or early termination of the term of the Lease, Lessee fails to hand-over the vacant and peaceful possession of the premises to the Lessor, the Lessee in that
event shall be liable to pay a monthly holding over charge equivalent to double the amount of rent paid for the previous month in lieu of then prevailing Base Rent for the period it remains in possession of the premises. The Lessor shall however be
entitled to avail its legal rights qua the premises against the Lessee irrespective of	  	 Holding
 Over
 Charges

  
 

 

					
		  	the payment of Holding over charges and such payment shall not entail any right, whatsoever to the Lessee, over the premises. The status of the Lessee during the period of hold-over
shall not be more than that of an illegal occupant.	  	
			
	1.22	  	The Lessee shall not carry out any renovation works or make any additions or alterations to the Unit (including the exterior and elevation of the Unit), the building or the Said
Land without the Lessor’s prior written consent which shall not be unreasonably withheld, and if required by the Lessor, must place with the Lessor an additional deposit equivalent to Rs. 50 per square feet of the Unit or such other amount as
the Lessor may deem sufficient as security for any damage caused to the Unit or the building during the course of such alteration and addition works and the cost incurred by the Lessor in the disposal of all debris and waste materials resulting from
the Lessor’s renovation works. Such additional deposit shall be refunded by the Lessor to the Lessee, on the completion of alteration and addition for Units, after adjusting the cost of damages to the Units and rest of the building and the cost
incurred by the Lessor in disposal of debris and waste materials resulting from the above works, if any.	  	 Additions
 &
 Alterations

			
	1.23	  	Subject to the Lessee reinstating the Unit to its original state and condition (reasonable wear and tear excepted) upon return of possession and the aforesaid clause, the Lessee, at
its own costs, may install tenant’s fixtures and fittings such as electrical and other fittings, false ceilings, furniture, air conditioners, telephone and other equipment and conveniences for convenient use of the Unit.	  	 Tenant’s
 Fixtures
 and

Fittings

			
	1.24	  	The Lessee herein shall from time to time permit and/or allow the Lessor and their servants, agents, engineers and surveyors with or without masons, mistries, contractors,
architects and necessary equipment to enter into the Unit or portion thereof and to view the state and condition of the Unit and also to repair, renovate, replace water pipes, sewerage pipes, soil pipes, ducts and other fixtures and fittings of
common use only after giving reasonable prior notice in writing to the Lessee before such entry.	  	 Inspection
 &
 Repair

			
	1.25	  	The Lessee has, relying on the Lessor’s representation, accepted the right, title and interest of the Lessor and shall not dispute the right, title and interest of the Lessor
in respect of the ownership of the Unit.	  	 Lessor’s
 Title

			
	1.26	  	The Lessee shall remove all its fixtures and fittings and rectify alterations without causing any unreasonable damage to the Unit and handover vacant and peaceful possession of the
Unit on the expiry of the term of the Deed or earlier determination thereof in the same condition in which it was let out subject to reasonable wear and tear and the Lessor shall be entitled to enter upon and take possession of the Unit. If the
Lessee failed to reinstate the Unit in accordance with this Deed then the Lessor shall be entitled to charge the Lessee for any period of reinstatement which extends beyond the termination of the Lease by natural expiry or otherwise in addition to
the cost of the reinstatement work.	  	Return of Possession

  
 

 

					
	1.27	  	The Lessee agrees that it shall always observe, perform and abide by all the rules, regulations and guidelines of the Lessor (“Bye-Laws”) for the effective management,
control and maintenance of International Tech Park, Chennai The terms and conditions in the Bye-laws, which may be revised from time to time are supplemental to those laid down in this Deed and for the general purpose of carrying into effect the
general terms of this Deed. However, in the event of the existence of a conflict between the terms of this Agreement/Deed and the terms set out in the ‘Bye-Laws’, the terms of this Agreement/Deed will supersede ‘Bye-Laws’ to that
extent.	  	Compliance with Bye-Laws and Guidelines
			
	1.28	  	The Lessee and the Lessor shall at all times comply with the relevant laws and regulations and the directions of the relevant governmental and statutory authorities.	  	Compliance with Laws
			
	1.29	  	The Lessee shall indemnify and keep indemnified the Lessor against any and all claims, losses, injuries, liabilities, costs, expenses, damages, actions or proceedings whatsoever
which may be made or taken against the Lessor by any person or which may be suffered by the Lessor arising out of any action or non action, accident or otherwise, or by any reason of the Lessee’s operations and use of the Unit and the various
facilities.	  	Indemnity for Breach
			
	1.30	  	The Lessee shall take out adequate & appropriate insurance with respect to the Unit covering any act or omission by the Lessee and the Lessee shall pay the premium in respect of
such insurance. The Lessee shall be liable against any loss or damage caused to any third party as a result of any willful act or omission by the Lessee and the Lessee hereby indemnifies the Lessor against all claims made as a result of such act or
omission by the Lessee.	  	 Lessee’s
 Insurance

			
	1.31	  	The Lessee shall not do or suffer to be done on or in the Unit or any part of the Said Land anything whereby any insurances of the Unit or the Said Land or any part thereof effected
by the Lessor (which the Lessor has effected regardless of whether it is not bound or obliged to) may be rendered void or voidable or whereby the premium thereon may be increased and to repay to the Lessor on demand all sums paid by the Lessor by
way of increased premium and all expenses incurred by the Lessor in connection with insurance rendered necessary by a breach or non-observance of this covenant without prejudice to any other rights and remedies available to the Lessor.	  	 Lessor’s
 Insurance

			
	2.	  	THE LESSOR COVENANTS WITH THE LESSEE AS FOLLOWS:	  	
			
	2.1	  	The Lessee paying the rent and other charges in respect of the Unit as provided in this Deed and performing and observing the covenants and conditions and stipulations on its part
herein to be observed, shall peaceably and quietly hold, possess and enjoy the Unit and every part thereof during the term hereby created without any lawful interruption, disturbance claim or demand whatsoever from or by the Lessor or any other
person whomsoever.	  	 Quiet
 Enjoyment

  
 

 

					
	2.2	  	The Lessor shall pay the Property Tax and Urban Land Tax for the Unit throughout the term of this Deed.	  	Taxes
			
	2.3	  	The Lessor undertakes and warrants that it is the sole legal and beneficial owner of the building and the Unit being the subject matter of this lease and has all necessary
permissions and approvals as required to grant this lease in favour of the lessee and to enter into this Deed to carry out the obligations of the lessor under this Deed.	  	Title
		
	3	  	IT IS HEREBY FURTHER AGREED BY AND BETWEEN THE LESSOR AND LESSEE AS FOLLOWS:
			
	3.1	  	This lease may be renewed for a further period by execution and registration of fresh lease deed subject to other terms and conditions as may be mutually agreed between the parties.
Both Lessor and Lessee shall have the option to renew/not to renew the lease after 36 months. If the Lessee desires to renew the lease/not to renew the lease, it shall give notice of such intention by issuing to the Lessor a written notice at least
6 months prior to the expiry of the lease period and the new lease deed shall be signed 60 days prior to the expiry of the initial lease term. In the event the Lessor and the Lessee fail to agree upon the terms and conditions of renewal, the Lessee
shall vacate and deliver peaceful vacant possession of the Unit to the Lessor upon natural expiry of the initial lease period in accordance with the terms of this Deed. Renewals are subject to clearing all outstanding amounts due to Lessor and no
breach of this agreement.	  	Renewal
			
	3.2	  	 If:
  

(a)     the rent and/or any of the other charges reserved or any part hereof shall be in
arrears for a period of two consecutive months after the respective date hereinbefore appointed for payment thereof; or
  

(b)     in the case of any other breach by the Lessee in the performance and observance
of any of the covenants and conditions herein contained and on its part to be observed and performed and the breaches are not remedied within one month from the date of the notice in that regard from the Lessor.

 
 then and in any of such event the Lessor shall be entitled to determine this Deed
forthwith thereafter without any further notice and enter upon the Unit and the Lessee shall not be entitled to remain in possession of the Unit in any manner.
	  	Termination due to Lessee’s Breach

  
 

 

					
	3.3	  	In the event of premature termination of the lease for any reason whatsoever, the Lessee undertakes to immediately pay the total aggregate rent payable for the remainder of the
lease term specified herein, i.e. Lock-in period is 36 months. In the event, the Lessee fails to pay the full rental for the remainder of the lease term, the Lessor shall have the right to forfeit the security deposit amount. If rental for the
remainder of the tease term exceeds the security deposit amount, the Lessee shall be liable to pay the balance amount to the Lessor and the ultimate parent company for the Lessee will provide the Lessee with such support and assistance as may be
required to ensure that it meets its obligations/liabilities under the Lease. The Ultimate Parent Company has agreed to provide a Corporate Guarantee to this effect.	  	 Premature
 Termination

			
	3.4	  	The Lessee has to bond the Unit with the Software Technology Parks of India/Customs/Appropriate Authority, it shall be the Lessee’s sole responsibility to bond the Unit and
furnish the necessary certificate to the Lessor.	  	Bonded with STP
			
	3.5	  	The Lessor shall be entitled to make additions, raise storeys, construct additional blocks or structures and the same shall be the property of the Lessor, which shall be free to
dispose off the same and the Lessee shall not be entitled to object to such construction or disposition as long as the peaceful possession and use by the Lessee of the Unit under this Deed is not affected in any manner.	  	Construction by the Lessor
			
	3.6	  	The Said Land, the buildings and facilities constructed thereon, the services, open spaces, common areas and amenities and the specialised and distinctive services provided in
International Tech Park shall all be controlled, maintained and managed by the Lessor or its assignee(s).	  	Management of International Tech Park
			
	3.7	  	The Lessor shall be entitled to lease, license, agree to lease, or sell other units in International Tech Park subject to such terms and conditions as the Lessor may think
fit.	  	Lessor’s right to lease other units
			
	3.8	  	 If the Lessee fails to observe any law, direction, order, notice or requirements of any government or public body or authority, the
Lessor may in the Lessor’s sole discretion perform the same and all expenses and costs incurred thereby shall be recoverable from the Lessee by the Lessor.
  

Likewise, If the Lessor fails to observe any law, direction, order, notice or requirements of any government or public body or authority to be observed or
performed by the Lessor which affects the Lessee’s use and possession of the Unit, the Lessee may after serving a 30 days written notice in the Lessee’s sole discretion perform the same and all expenses and costs incurred thereby shall be
recoverable from the Lessor by the Lessee
	  	Lessor’s Self Help
			
	3.9	  	The Lessee will enjoy freedom to access, occupy and operate from the demised premises 365 days a year and 24 hours a day at no additional charge and without disturbing the quite and
peaceful possession of the other tenants.	  	Round the Clock Access

  
 

 

					
	3.10	  	The Lessor shall be entitled to transfer, mortgage or dispose of its interest in the Unit, provided that the same does not affect or prejudice the rights created in favour of the
Lessee and the obligation on the Lessor to refund the security deposit as provided herein and subject to this, the Lessee shall not be entitled to object to the same.	  	Transfer or Mortgage by Lessor
			
	3.11	  	If any dispute or difference arises between the Lessor and the Lessee during the period of lease or upon the expiry of the said lease, both parties shall seek to resolve by mutual
discussions. If such discussions are unsuccessful, the same shall be referred to arbitration in accordance with the provisions of the Arbitration and Conciliation Act. 1996 for the time being in force. Arbitration shall be by a solo arbitrator if
parties can agree upon one and failing that the disputes shall be referred to an arbitrator to be selected by the Lessee out of a panel of three names submitted by the Lessor. The arbitration sitting shall be conducted in English language and venue
shall be at Chennai.	  	Arbitration
			
	3.12	  	This Deed shall be governed by the laws of India.	  	Governing Law
			
	3.13	  	All side notes, headings and definitions are for the purposes of reference only.	  	Interpretation
			
	3.14	  	All notices, communications, demands, requests, approvals or consents required to be given or made under this Agreement by either party must be in writing and shall be effective
only if either personally delivered, sent by pre-paid mail or by facsimile to the addresses and to the attention persons indicated below:-	  	Notices
			
		  	 To the Lessor
 Ascendas IT Park (Chennai) Limited,
 Unit No. 7 & 8,

I Floor, International Tech Park Chennai,
 CSIR Road,
 Taramani, Chennai - 600 113

 
 To the Lessee

Lionbridge Technologies Private Limited
  

6th
 Floor, Spectra Building,
 Hiranandani Business Park,

Powai, Mumbai 400 076
	  	
			
		  	Any notices, communications, demands, requests, approvals or consents shall be deemed to be duly given and received:-	  	
			
		  	 (1)     if personally delivered, on the day of delivery;
	  	
			
		  	 (2)     if sent by pre-paid mail 2 days after the same is sent; and
	  	
			
		  	 (3)     if sent by facsimile, on the day of sending provided a confirmation copy is hand delivered or
sent by pre-paid mail within 24 hours.
	  	
			
		  	Either party may, from time to time by written notice to the other, designate a different address applicable or designate a different person to whom the notices, communications,
demands, requests, approvals or consents must be attentioned to.	  	

  
 

 

 THE FIRST SCHEDULE ABOVE REFERRED TO: 

(Description of Said Land) 
 All
that piece and parcel of land measuring about 5,383 square meters situated at T.S. No.8/1, Block 9, Kanakam Village, Mambalam – Guindy Taluk, Chennai District and All that piece and parcel of land measuring about 14,852 square meters situated
at T.S. No. 1/7, Block 7, Tiruvanmiyar Village, Mylapore – Triplicane Taluk, Chennai District 
 and bounded on the: 

 

			
	North by:	 	Kanagam Village, Block 9, T.S. No.8/2 and Thiruvanmiyur Village Block 7, T.S. No.1/6
		
	East by:	 	Thiruvanmiyur Village, Block 7, T.S. No. 1/7 and Thiruvanmiyur Village Block 7, T.S. No.1/1
		
	South by:	 	Kanagam Village, Block 9, T.S. No.9 and Thiruvanmiyur Village Block 7, T.S, No.1/1
		
	West by:	 	Kanagam Village, Block 9, T.S, No.7 and Kanagam Village Block 9, T.S. No.8/1

  
 

 

 THE SECOND SCHEDULE ABOVE REFERRED TO: 

(Description of Unit) 
 The premises bearing Unit No. # 7 – 01, on the 7th floor measuring approximately 25,720 square feet of super built up area in the multi-storey building known as “Crest (Phase II), International Tech Park, Chennai” situated at Taramani CSIR
Road, Chennai, Tamilnadu 
  
 

 

 THE THIRD SCHEDULE ABOVE REFERRED TO: 

(Floor Plan of Unit)EX-10.42

 Exhibit 10.42 

 
 

 
 AGREEMENT FOR SERVICES 

THIS AGREEMENT FOR SERVICES is made at Chennai this
12th December, 2013 

BETWEEN 

ASCENDAS IT PARK (CHENNAI) LIMITED, a company incorporated under the Companies Act, 1956 having its registered office at Unit
No. 7 & 8, I Floor, International Tech Park Chennai, CSIR Road, Taramani, Chennai - 600 113 hereinafter referred to as the “AITPCL” (which expression shall unless excluded by or repugnant to the subject or context be deemed
to mean and include its successors and assigns) of the ONE PART; represented by its Authorised Signatory Mr. V.V. Balaji; 

AND 
 LIONBRIDGE TECHNOLOGIES PRIVATE LIMITED, a Company incorporated under the Companies Act, 1956 having its registered office at 6th Floor, Spectra Building, Hiranandani Business Park, Powai, Mumbai 400 076 hereinafter referred to as the
“COMPANY” (which expression shall nless excluded by or repugnant to the subject or context mean and include its successors and permitted assigns) of the OTHER PART represented by its Authorised Signatory Mr. Sarath Chandra Divella

  
 

 

  
 1 

 WITNESSES AS FOLLOWS AND IT IS HEREBY AGREED BY AND BETWEEN THE PARTIES HERETO AS FOLLOWS:

  

	1.	WHEREAS AITPCL has constructed a building known as “Crest, International Tech Park, Chennai” (ITPC / said building)) for information technology related
businesses and/ or IT enabled services and other related services and amenities. 

  

	2.	 WHEREAS AITPCL and the Company have on this day executed a Lease Deed (“Deed”) in respect of premises bearing unit no. #7 - 01, on the
7th floor measuring 25,720 sqft of super built up area in
ITPC which is more fully described in Schedule A and hereinafter referred to as “Unit” developed by AITPCL. 

  

	3.	WHEREAS the Company is aware that there arc several amenities and facilities that are being provided and maintained by AITPCL in ITPC. 

 

	4.	WHEREAS the Company has been made aware that in the scheme of development of ITPC the maintenance of the buildings and the amenities would be done by AITPCL- The
Company is desirous that the maintenance of the services in ITPC shall be carried out by AITPCL and the Company has agreed to retain AITPCL for all the services hereinafter provided, as long as AITPCL is the provider of such services in ITPC.

  

	5.	WHEREAS the parties hereto are desirous of setting out the terms and conditions agreed between them with regards to the services to be provided by AITPCL.

 NOW THIS AGREEMENT WITNESSETH AS FOLLOWS: 
 That in pursuance of the foregoing and in consideration of the charges hereby reserved and the mutual covenants of parties, AITPCL hereby agrees to provide the services as set out herein and the Company
hereby agrees to pay the charges without default, delay or demand for the Unit as long as it continues to be in occupation of the said Unit, subject to the following terms and conditions:- 

 

	1.	SERVICES 

  

	1.1	AITPCL shall provide the services set out in Schedule B on the various terms and conditions set out herein. 

 

	2.	CHARGES 

  

	2.1	 The Company shall pay an operations and maintenance charge of Rs. 8.20/- (Rupees Eight and twenty paise only) per square foot per month of the super
built up area of the Unit from 26th January, 2014
which is subject to change (“Operations and Maintenance Charges”) The said operations and maintenance charge will include maintenance for toilets (excepting replenishment of consumables such as soaps, toilet papers etc) common areas,
lifts, security, generators, AHU, Chillers etc. In the event of any increase in the Operations and Maintenance Charges, the Company shall pay the increased amount only from the date of increase provided that AITPCL has given at least 30 days prior
notice of the proposed increase the increase in the Operation and Maintenance Charges to the Company and further provided that such increase is on the same basis for all occupants of the said building. 

 
 

 

  
 2 

	2.2	The Company will be able to draw power upto 60 VA / sqm for their lighting, power and other systems. The Company shall pay the necessary charges towards electricity
charges, additional power charges, aircon charges and any such related charges (whichever applicable). AITPCL shall provide 100% power back up to the Unit. 

 

	2.3	The Company shall reimburse AITPCL for any documented legal or administrative charges associated with the documentation and coordination of the registration of the Deed
at the Office of the Sub-Registrar upto a maximum amount of Rs. 20,000/- (Rupees Twenty thousand only) plus service tax towards legal administrative charges. This is payable towards documentation and co-ordination of the registration of the Deed at
the Office of the Sub-Registrar. 

  

	2.4	AITPCL shall be entitled to charge interest 1.5% per month on all delayed payments from the date the amount was payable until the date of payment in full.

  

	2.5	The Operations and Maintenance Charges shall be paid every month in advance on or before the fifth calendar day of every month for which it is due without any
deductions, default or demands. All payments shall be made subject to any TDS requirements 

  

	2.6	AITPCL shall continue to provide the above services subject to acts of God, force majeure events, policies, notices and any other action or inaction by governmental and
regulatory authorities or unforseen circumstances. In the event of any interruption of any of the services for any of these reason AITPCL shall be under no liability to pay any amount on account of damages, loss of profits, compensation, costs or
otherwise to the Company. 

  

	2.7	In case there shall be maintenance of any service which requires shutting down of such services, then adequate notice to the Company as far as possible shall be given
by AITPCL and AITPCL shall make arrangements for alternate supply of this service at no additional cost to the Company in the event the services are shut for more than 6 hours for electrical and twelve hours for aircon services except in force
majure conditions and during major preventive maintenance of aircon system once in three years which entails outage of three days. 

  

	2.8	The Company shall bear all applicable taxes (including sales tax, lease tax and service tax etc, as applicable) which may from time to time be imposed or charged
before, on or after the commencement of this Agreement (including any subsequent revisions thereto) by the relevant governmental and regulatory authorities in respect of this Agreement and on the Operations and Maintenance Charges or any other sums
due under this Agreement. 

  

	2.9	AITPCL already provided 257 access cards to the Lessee at free of cost which will allow 24x7 access into the said building and the Unit. 

 

	2.10	The Company is required to ensure that vehicles are not parked continuously for more than 48 hours. In the event of the allocated slot being used continuously for 48
hours, the Company shall intimate AITPCL the reasons for such parking. The Company shall however ensure that their employees shall not park their vehicle, while they are on leave or on official travel Lo other locations. The Company shall inform
AITPCL in writing the details of such employees who have resigned from their services and return the vehicle passes. The Company shall give a list of vehicle numbers being parked in the allocated parking slots. 

 
 

 

  
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	3.	DURATION: 

  

	3.1	Subject to clause 6, the duration of this Agreement and the provision of the Services shall be for such period as the Company continues to be in occupation of the Unit.

  

	4.	USE OF THE CAR PARKING FACILITY: 

  

	4.1	Subject to the payments and other terms and conditions set out in the Occupants Guideline Manual (OGM) provided by AITPCL, the Company shall be permitted to use the
parking facility. 

  

	4.2	The parking allocation would be as follows: 

 Car Parks: 1 no.s for every 1,000 sq ft SBA @ Rs 1,725 per parking lot per month, i.e., 26 nos. 
 2-Wheeler Parks: 1 no.s for every 1,000 sq ft SBA @ Rs 173 per month per parking lot i.e., 26 nos. 
 Any change in the location of the parking slots allotted to the Company shall be intimated well in advance to the Company and any such change shall have no bearing on the number of parking slots already
allotted herein under Allocation of additional lots shall be subject to availability and AITPCL’s prevailing policies and there may or may not be reserved/numbered slots. 

 

	4.3	The car park and the allocated parking lots can only be used for parking of vehicles and related use. The Company shall not. use it for any other purpose. In
particular, the Company shall not damage or put up any structures, walls or partitions normal wear and tear excepted. 

  

	4.4	The Company shall not part with possession of the allocated parking lot or permit the use thereof by any third person without the prior written permission of AITPCL.

  

	4.5	If any of the allocated parking lots have been reserved by AITPCL for the Company’s exclusive use then on termination of this Agreement, the Company shall hand
over the allocated parking lots to AITPCL in the condition in which they were given subject to natural wear and tear. 

  

	5.	BYE-LAWS 

  

	5.1	The Company agrees that it shall always observe and perform and abide by all the rules, regulations and guidelines of AITPCL prescribed in various documents issued by
AITPCL for the effective management, control and maintenance of ITPC, including those pertaining to parking and access arrangements and display of parking discs and labels. 

 

	6.	TERMINATION: 

  

	6.1	 This Agreement is complementary to the Lease Deed dated 12th December, 2013 and shall remain co terminus with the Lease Deed. This Agreement shall terminate automatically
upon termination of the Company’s interest in the Lease Deed. 

  
 

 

  
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	6.2	AITPCL shall be entitled to terminate this Agreement in the event the Company commits any breach of the terms of this Agreement which is not cured within 15 days of a
written notice. The liability to pay interest on delayed payments shall not affect AITPCL’s right to terminate this Agreement or any other right which may accrue to AITPCL as a result of such breach by the Company, including the right to claim
damages. A failure by the Company to make payment of amounts hereunder will be considered as breach of this Agreement and the consequences provided upon such breach shall follow 

 

	6.3	In the event, the charges and any other amounts payable as provided herein and any increase therein shall be in arrears for the period of 15 days after becoming due and
after a written notice in respect thereof being sent Lo the Company, it shall be lawful for AITPCL at any time thereafter to stop the provision of services and electricity supply without prejudice to the other legal rights of AITPCL in respect of
the breach of any of the terms and conditions herein. 

  

	6.4	If payment of any amount is not received within 15 days of the invoice, AITPCL shall be entitled to exercise the aforesaid right of termination or stoppage of services
after it has given a notice in writing to the Company to pay the amounts payable and the failure by the Company to do so within 15 days from the date of such notice. 

 

	7.	ARBITRATION 

  

	7.1	All disputes and differences whatsoever, which shall at any Lime hereafter (whether during the continuance of this Agreement or upon or after its discharge or
determination) arise between the parties hereto in respect of, concerning, touching or arising out of this Agreement shall be referred to the arbitration of a sole arbitrator if the parties can agree upon one and failing that, the disputes shall be
referred to an arbitrator to be selected by the Company out of a panel of three names submitted by AITPCL. 

  

	7.2	The arbitration shall be conducted in accordance with and subject to the provisions of the Arbitration and Conciliation Act, 1996 or any statutory modification or
re-enactment thereof for the time being in force. The arbitration shall be held at Chennai. 

  

	8.	INDEMNITY AND INSURANCE 

  

	8.1	The Company shall be liable against any loss or damage caused to any third party including AITPCL as a result of any act or omission by the Company and the Company
hereby indemnifies AITPCL against all claims made as a result of such act or omission by the Company. 

  

	8.2	The Company shall not do or suffer to be done on or in the Unit or the building or ITPC anything whereby any insurances of the Unit, the building or other buildings in
the ITPC or any part thereof may be rendered void or voidable or whereby the premium thereon may be increased and to repay to AITPCL on demand all sums paid by AITPCL by way of increased premium and all expenses incurred by AITPCL in connection with
insurance rendered necessary by a breach or nonobservance of this covenant without prejudice to any other rights and remedies available to AITPCL. 

  

 

	8.3	The Company under all circumstances fully and effectually and effectively indemnifies AITPCL against any and all claims, losses, injuries, liabilities, costs, expenses,
damages, actions or proceedings whatsoever which may be made or taken against AITPCL by any person or which may be suffered by AITPCL arising out. of any action or non action, accident or otherwise, or by any reason of the Company’s operations
or use of the unit or use of the facilities. 

  

	9.	ASSIGNMENT 

 The Company agrees that AITPCL can assign the services fully or in part to any of its associate/ group company as long as the Company’s rights under this Agreement are not adversely affected in any
manner. 
  

	10.	NOTICES: 

  

	10.1	All notices, to be served on either of the parties as contemplated by these presents and the Bye laws shall be deemed to have been duly served if sent to the party, by
Registered Post A,D./Under Certificate of Posting/Facsimile/hand-delivery at the respective addresses specified below:- 

 The Company: 
 Lionbridge Technologies Private Limited

 6th Floor, Spectra Building, 
 Hiranandani Business Park, 
 Powai, Mumbai 400 076 

AITPCL: 
 Ascendas IT Park (Chennai) Limited, 
 Unit No.7 & 8, 

I Floor, International Tech Park Chennai, 
 CSIR Road, 
 Taramani, Chennai - 600 113 

 

	11.	GOVERNING LAW: 

  

	11.1	This Agreement shall in all respects be governed by the laws of India. 

  

 

 SCHEDULE A 

The premises bearing Unit No. #7 -Olon the 7th floor measuring approximately 25,720 square feet of super built up area in the multi-storey building known as
“Crest, International Tech Park, Chennai” situated at Taramani CSIR Road, Chennai, Tamilnadu 
  
 

 

 SCHEDULE B 
 SERVICES 
  

	1.	Maintenance of Mechanical & Electrical Services 

  

	2.	Maintenance of lifts 

  

	3.	Fire Guards / Fire evacuation process 

  

	4.	Security for the building and property for common area 

  

	5.	Plumbing and Sanitary 

  

	6.	Waste Management 

  

	7.	Facade Cleaning & Maintenance 

  

	8.	House Keeping for common area 

  

	9.	Air Conditioning and Lighting for common areas 

  

	10.	Landscape maintenance 

  

	11.	Pest Control 

  

	12.	Car Parking Management 

  

	13.	Domestic Water Supply 

  

 

 IN WITNESS WHEREOF the Parties have entered into this Agreement on the date hereinbefore indicated.

  

					
	EXECUTION BY AITPCL	  		  	

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	EXECUTION BY THE COMPANY	  		  	
			
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 WITNESSES: 
 1.

 2.

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