Document:

Lease dated February 23, 2004

 Exhibit 10.16 
 [IMAGE—GOVERNMENT OF KARNATAKA STAMP RS. 100] 
 LEASE AGREEMENT 
 THIS LEASE AGREEMENT executed at Bangalore on this the 23rd day of February 2004 by Mr. M. Zabulon Athisayam, aged about 34 years, S/o Late Maharaja Nadar, and Ms. Deva Pouse Christy Bai, aged about 28 years,
W/o Mr. Zabulon Athisayam, both residing at No. 988, 4th Cross, Ashok Nagar, Bangalore 560 050,
hereinafter called the “LESSORS” which expression shall, wherever the context so requires or admits mean and include their heirs, executors, legal representations, administrators, assigns of one part: AND: Impulsesoft Private Limited, a
Company incorporated under the Indian Companies Act, 1956 having its registered office at No. 690, 15th Cross,
2nd Phase, J.P. Nagar, Bangalore 560 078 and represented herein by its Chairman and Director Mr. M.
Chandrasekaran and hereinafter referred to as the “LESSEE” which expression shall, wherever the context so requires or admits mean and include its successors and assigns of the other part: 
  

	 I.
	 AND WHEREAS the Lessors are the owners of premises bearing No. 690, 15th Cross, II Phase, J.P. Nagar, Bangalore 560 078, more fully described in the schedule hereunder and hereinafter referred to as “the Schedule
Property” 

  

	II.	WHEREAS the Lessee has been in possession and occupation of the Schedule Property under lease from the previous owner vide a duly executed Lease Agreement dated May 1, 2000.

  

	III.	WHEREAS the previous owner sold the Schedule Property to the Lessors mentioned herein above vide a Sale Deed dated March 12, 2003; 

  

					
	For Impulsesoft Private Limited	 		 	
			
	/s/	 		 	   
	M. Chandrasekaran	 		 	[SIGNATURES OF M. Zabulon Athisayam, Deva Pouse
	Director	 		 	Christy Bai]

  

 1 

	IV.	AND WHEREAS the Lessee has requested the Lessors to continue the lease in its favour and the Lessors have agreed to give on lease the Schedule Property to the Lessee making the
following representatives. 

  

	 	a)	that the Lessors are the owners of the Schedule Property 

  

	 	b)	that the Schedule Property is free from all encumbrances, attachments, court or acquisition proceedings or charges of any kind; 

  

	 	c)	that the Lessors have not entered into any agreement or arrangement for sale for letting out the Schedule Property with anyone else; 

  

	 	d)	that there is no impediment for letting out the Schedule Property; 

  

	 	e)	that the Lessors have obtained all relevant licenses, approvals and/or permits from all appropriate authorities/associations to enable the Lessee to utilise the Schedule Property
for the business purposes envisaged by the Lessee; 

  

	 	f)	that the Lessors have agreed to furnish the Lessee all the required and authorized sanction letters with regard to the Schedule Property to be utilized as commercial premises;

  

	 	g)	that the Lessors shall indemnify the Lessee from and against all or any claims, damages, costs and expenses arising from any lacunae in the Lessors’ title or related to this
Lease Agreement and the lease of the Schedule property and in relation to any work undertaken by the Lessors in respect of the Schedule Property, including any claims, damages, costs and expenses arising out of or relating to any non-performance or
breach of any law, rule, regulation, order, sanction, proceedings, etc. by the Lessors. 

  

	 	h)	that the Lessors shall indemnify Lessee from and against all or any claims, damages, costs and expenses arising from any actions, known or unknown, by any third party which actions
are solely and absolutely attributable to Lessors and /or the Schedule property. 

 and
based on the aforesaid representations, the Lessee has agreed to take on lease the premises named No. 690, 15th
Cross, II Phase, J.P.Nagar, Bangalore 560 078, which is the Schedule Property compositely having a super built-up area of 15000 sq. ft approximately, together with five car parking space. (Two (2) car parking space and 140 KVA Transformer
erected, at the portion of the premises ear marked for the other three (3) car parking space) 
  

	V.	WHEREAS the Lessee assures the Lessors that there is no impediment for it under any law to take the Schedule Property from the Lessors on lease. 

  

					
	For Impulsesoft Private Limited	 		 	
			
	/s/	 		 	   
	M. Chandrasekaran	 		 	[SIGNATURES OF M. Zabulon Athisayam, Deva Pouse
	Director	 		 	Christy Bai]

  

 2 

	 VI.
	 WHEREAS the Lessee being fully satisfied with all aspects of the Lease, has called upon the Lessors to execute this
Lease Agreement and the Lessee agreeing to comply with the covenants and conditions mentioned herein, the Lessors hereby grant BY WAY OF LEASE to the Lessee all that premises No. 690, 15th Cross, II Phase, J.P.Nagar, Bangalore 560 078, compositely having a super built up area of 15000 square feet together with five (5) car parking space
(Two (2) Car parking space and 140 KVA Transformer erected on the other three (3) car parking space) being morefully described in the Schedule herein below, for a period commencing from March 13, 2003 until 30th Apri1’2008 and on expiry of the Lease by efflux of time, the parties may extend by mutual-consent for further periods of
24 months subject to the following terms and conditions: 

  

	1.	LEASE RENT 

  

	 	1.1	The rent payable by the Lessee to the Lessors for the Schedule property shall be as under: 

  

	 	 i)
	 Rs. 1,71,600/- (Rupees One Lakh Seventy One Thousand Six Hundred Only) per month pro-rated for the period from
March 13, 2003 till 31st March ‘2003 and full month rent from 1st April till April 30, 2003 

  

	 	ii)	Rs. 1,88,760 (Rupees One Lakh Eighty Eight Thousand Seven Hundred and Sixty Only) per month, for the period from May 1, 2003 to April 30, 2004 

  

	 	iii)	Rs. 2,07,636/- (Rupees Two Lakh Seven Thousand Six Hundred and Thirty Six Only) per month, for the period from May 1, 2004 to April 30, 2005. 

  

	 	iv)	Rs. 2,28,400/- (Rupees Two Lakh Twenty Eight Thousand Four Hundred Only) per month, for the period from May 1, 2005 to April 30, 2006. 

  

	 	v)	Rs. 2,39800/- (Rupees Two Lakh Thirty Nine Thousand Eight Hundred Only) per month, for the period from May 1, 2006 to April 30, 2007 

  

	 	vi)	Rs. 2,51,800/- (Rupees Two Lakh Fifty One Thousand Eight Hundred Only) per month, for the period from May 1, 2007 to April 30, 2008. 

  

	 	 1.2
	 The Lessee shall pay the amounts of rent mentioned above to the Lessors, on or before the 10th day of each and every English Calendar month in arrears. Out of the total amount of lease rent payable to the Lessors as
mentioned above, the Lessee expressly agrees that 50% of the rent shall be paid to Mr. M. Zabulon who is the first Lessor and the balance 50% shall be paid to Ms. Deva Pouse Christy Bai who is the second Lessor to this Lease Agreement.

  

					
	For Impulsesoft Private Limited	 		 	
			
	/s/	 		 	   
	M. Chandrasekaran	 		 	[SIGNATURES OF M. Zabulon Athisayam, Deva Pouse
	Director	 		 	Christy Bai]

  

 3 

	 	1.3	Upon receipt of payment by the Lessors, the Lessors shall forthwith provide the Lessee with a receipt in a manner acceptable to the Lessee in this regard. For clarity, the Lessee
shall pay the lease rent after the completion of a relevant month and not in advance to the Lessors, i.e., for example the rent for the month of March 2004 will be paid by the Lessee on or before April 10, 2004. 

  

	 	1.4	The Lessee shall issue promptly the Tax Deduction at Source Certificate to the Lessors if any tax deduction is done on the monthly rent payable to the Lessors, as per the Income Tax
Act, 1961 in force. 

  

	2.	SECURITY DEPOSIT 

  

	 	2.1	In consideration of the Lessors granting Lease of the Schedule property to the Lessee mentioned in the Schedule below, the Lessee has given to the Lessors, a sum of Rs. 5, 00,000/-
(Rupees Five Lakh only) as refundable security deposit. Out of this total amount of the security deposit, 50% of the security deposit shall be paid to Mr. M. Zabulon who is the first Lessor and the balance 50% shall be paid to Ms. Deva
Pouse Christy Bai who is the second Lessor to this Lease Agreement. Upon receiving the amount of Rs. 5, 00,000/- (Rupees Five Lakh only) the Lessors shall provide the Lessee with a receipt in a manner as specified in Schedule 2 to this Lease
Agreement. 

  

	 	2.2	The Lessors hereby expressly agree and acknowledge that the Lessee has paid an amount of Rs. 13,00,000/- (Rupees Thirteen Lakh only) as interest free refundable security deposit
amount to the previous owner of the Schedule property as specified under the security deposit agreement dated May 1, 2000, executed between the Lessee and the previous owners. Therefore, the Lessors acknowledge that the total amount of interest
free refundable security deposit paid by the Lessee under this Lease Agreement with respect to the Schedule property is an amount of Rs. 18,00,000/- (Rupees Eighteen Lakh only). 

  

	 	2.3	The Lessors expressly agree that they are fully aware of the payment of Rs. 13,00,000/- (Rupees Thirteen Lakh only) by the Lessee as interest free refundable security deposit amount
to the previous owner of the Schedule property and the Lessors are agreeable to refund the same to the Lessee along with an amount of Rs. 5,00,000/- (Rupees Five Lakh only) in the event of expiration or termination of this Agreement. Therefore, the
Lessors expressly agree that they shall be liable to refund an amount of Rs. 18,00,000/- (Rupees eighteen Lakh only) to the Lessee upon the expiration or termination of this Agreement. 

  

					
	For Impulsesoft Private Limited	 		 	
			
	/s/	 		 	   
	M. Chandrasekaran	 		 	[SIGNATURES OF M. Zabulon Athisayam, Deva Pouse
	Director	 		 	Christy Bai]

  

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	2.4	The Lessee shall not be entitled to adjust the security deposit against current and future rents or maintenance charges payable during the subsistence of the Lease, under any
circumstances whatsoever, except for the provision as provided for under clause 14.4 herein below. 

  

	2.5	The Lessee hereby agrees that in the event of there being any damage done to the Schedule property, or any fixtures thereof which are in the normal course of use, which damage is
caused due to any action which are solely and absolutely attributable to Lessee, then, in that event the Lessee agrees to replace or repair such damage done, failing which the Lessee agrees that the Lessors shall be entitled to assess the damage and
deduct the cost for such damage or repair and then refund the security deposit paid herein. 

  

	2.6	The security deposit shall be forthwith refunded by the Lessors to the Lessee after adjusting arrears or rent, damages, electricity dues, if any and maintenance charges upon the
expiration or earlier termination of the Lease Agreement, which ever is earlier. 

  

	3.	DURATION 

 The Duration of the Lease in respect of the Schedule property shall be for a period as per the opening paragraph of this Lease Agreement commencing from March 13, 2003 till 30th April’2008 and the month of tenancy being the English Calendar month. During this period of tenancy the Lessors shall have no right to terminate
the Lease Agreement. 
  

	4.	MAINTENANCE 

 The Lessee shall be responsible to
take care of the maintenance of the Schedule property. 
  

	5.	PAYMENT OF TAXES 

 The Lessors shall bear and pay
all the property taxes, rates and cesses directly to the concerned authorities with regard to the Schedule property. In the event of any non-payment of such taxes, rates or cess by the Lessors, if any action or claim is brought against the Lessee,
then, the Lessors shall be solely responsible to defend the Lessee against such actions or claims and settle all such actions or claims at their sole expense and the Lessors shall at all times keep the Lessee indemnified in this regard. 

 

					
	For Impulsesoft Private Limited	 		 	
			
	/s/	 		 	   
	M. Chandrasekaran	 		 	[SIGNATURES OF M. Zabulon Athisayam, Deva Pouse
	Director	 		 	Christy Bai]

  

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	6.	ELECTRICITY AND WATER 

 The Lessee shall bear and
pay the electricity and water charges directly to the concerned authorities in respect of the Schedule property as per the separate electricity meter(s) and water meter provided therein. 
 The Lessee shall furnish the Lessors along with payment of rents, copies of the Bills for each month and the receipts for having paid the dues to
Electricity and Water Charges. 
  

	 	6.1	The Lessee shall be permitted to use the Schedule property for office/software unit purposes only. 

  

	 	6.2	The Lessee shall not in any manner carry out any unlawful, illegal or dangerous activity in the Schedule property or any activity which will be a nuisance to the Lessors or to the
neighbours. 

  

	7.	BAR ON ADDITIONS/ ALTERATIONS 

 The Lessee shall not
effect any additions or alterations to the Schedule property, without the previous written consent of the Lessors, save and except, such modifications required for fixing office equipment and light machinery for business purposes, such as computers,
air-conditioners, internal partitions of temporary nature, and such other light appliance as is needed for carrying on the business operations of the Lessee, interior decoration, provided however, that no damage is caused to the Schedule property
and it should be restored back to its original condition as at the time when it was leased out and all expenses and costs for such restoration shall be borne by Lessee only. 
  

	8.	BAR ON SUB-LETTING 

 The Lessee shall not be
entitled to sub-lease under-lease, transfer or assign the lease-hold interest or part with possession directly or indirectly in respect of the whole or part thereof or even use the Schedule property for any franchise trade or under any other
arrangement whatsoever without the written permission of the Lessors. It is specially understood that even sub-lease or sub-letting in favour of any holding company, subsidiary company or company under the same group of management of the Lessee are
not excluded from the aforesaid condition. The Lessors shall not withhold any such consent unreasonably. 
  

					
	For Impulsesoft Private Limited	 		 	
			
	/s/	 		 	   
	M. Chandrasekaran	 		 	[SIGNATURES OF M. Zabulon Athisayam, Deva Pouse
	Director	 		 	Christy Bai]

  

 6 

	 	(a)	That the Lessee shall be entitled to erect/install in the Schedule property, a D G Set, in the space earmarked as such by the Lessee, for its own use. 

  

	 	(b)	That the Lessee shall be entitled to erect/install a communication dish antenna on the terrace of the building in the Schedule property without any interruption or objection by the
Lessors. 

  

	9.	INSURANCE 

 The Lessors shall, at their own cost and expense take-out a comprehensive insurance coverage comprising of insurance against fire, storm, flood and riots, terrorist attacks, of the Schedule property and the Lessee
shall not be responsible for taking out the aforesaid insurance or paying any insurance premium in this regard. In this regard, the Lessors, expressly agree that they shall provide the Lessee with the certificate of the insurance obtained by them
prior to the commencement of the lease rent payable by the Lessee, i.e., prior to 31st May’2004. 
  

	10.	INDEMNITY 

 The Lessors expressly agree that they
are solely and absolutely responsible to settle and resolve and keep the Lessee indemnified at all times against all claims, suits, disputes and actions arising in any court of law or otherwise, relating to the Schedule property whether or not
disclosed to the Lessee or whether prior to or after the sale of the Schedule property from the previous owner to the Lessors and shall make good any loss and damage, expenses including court costs and reasonable fees and expenses of attorneys,
expert witnesses and other professionals, arising out of or resulting from all suits, claims and disputes accruing to the Lessee in relation to the Schedule property. The Lessors in this regard expressly agrees that they are providing this indemnity
to the Lessee on their own free will and volition, unconditionally, without any coercion or force or any kind of misrepresentation by the Lessee. 
  

	11.	ATTORNMENT 

 In the event if the Lessors transfer,
alienate, encumber or otherwise dispose of or deal with the Schedule property or any part thereof or in their right, title and interest during the term of the lease, the Lessors shall advise the Lessee about the same in writing and the Lessors shall
ensure that the future owner or successor-in-title to the Schedule property shall agree to be bound by the terms of this Lease Agreement. The future owner or successor-in-title to the Schedule property shall further attorn the Lessee as its own
Lessee. 
  

					
	For Impulsesoft Private Limited	 		 	
			
	/s/	 		 	   
	M. Chandrasekaran	 		 	[SIGNATURES OF M. Zabulon Athisayam, Deva Pouse
	Director	 		 	Christy Bai]

  

 7 

	12.	SUSPENSION 

 In the event that the Schedule property
or part thereof becomes unfit for occupation or use by the Lessee by reason of the occurrence of any force majeure event, the Lessee shall inform the Lessors by notice in writing, of the fact that the Schedule property is unfit for use, and the
payment of rent shall remain suspended for the period commencing from the date of such notice until such time as the Schedule property remains unfit for occupation or use. Provided that in the event the Schedule property remains unfit for use for a
period greater than one (1) month from the date of notice, the Lessee shall be entitled to terminate the Lease Agreement forthwith. In the event that the Lessors remedy the defect and make the Schedule property fit for occupation and use within
one (1) month from the date of the notice, the Lessee shall be liable to pay rent from the date the Schedule property are restored to a condition fit for use and occupation by the Lessee and the period of the lease shall be extended by the same
amount of time for which the rent remained suspended for which extended period the Lessee shall pay the rents agreed. 
  

	13.	COMPLIANCE OF THE RULES & REGULATIONS FOR THE MAINTENANCE OF THE BUILDING 

 The Lessee shall comply with all the rules and regulations provided to the Lessee in this regard which are set by the Lessors or any other authorised body, undertaking the maintenance of the building, with regard to
all subjects, including the fixing or air conditioners, affixing of name plates, graphics or hoardings or any advertisement material etc. Non-compliance of any rules and regulations in this regard, shall constitute breach of the terms of this Lease
Agreement. 
  

	14.	REPAIRS AND MAINTENANCE 

  

	 	14.1	The Schedule property is distempered and colour washed including painting, polishing of doors, floors etc and the Lessee is satisfied about the condition and habitability of the
Schedule property. 

  

	 	14.2	The Lessee shall maintain at its cost the Schedule property in a state of good repair, including periodical painting/white washing and carrying our internal repairs such as
sanitary, electrical, plumbing and non-structural repairs, etc necessary for the use of and maintenance of the Schedule property. 

  

	 	14.3	In the event of there being any damage caused to the Schedule property or to any of the fixtures and fittings therein, the Lessee shall pay for such losses or repair, provided such
damage is directly, solely and absolutely attributable to the Lessee. 

  

					
	For Impulsesoft Private Limited	 		 	
			
	/s/	 		 	   
	M. Chandrasekaran	 		 	[SIGNATURES OF M. Zabulon Athisayam, Deva Pouse
	Director	 		 	Christy Bai]

  

 8 

	 	14.4	The Lessors shall carry out major repairs, if any to the leased premises, such as, including but not limited to bursting of pipes or defect, such as airlocks which might require
modifications to the piping system, not caused due to the negligence of the Lessee and as and when found defective and intimated by Lessee. 

  

	15.	INSPECTION 

 The Lessors or their authorized agents,
shall have the right to enter upon and inspect the Schedule Property at all reasonable hours on any working day, after the due notice of 7 (Seven ) days to the Lessee. 
  

	16.	TERMINATION OF LEASE 

  

	 	16.1 	By efflux of time 

  

	 	16.2 	If the rent herein reserved shall be in arrears for any two consecutive months, during the continuance of the lease the Lessors shall be forthwith entitled to terminate this Lease
Agreement subject to appropriate deductions from the security deposit. 

  

	 	16.3 	If there is any breach of failure to perform or observe all or any of the terms and conditions on the part of the Lessee to be performed and/or observed, the Lessors shall issue 90
(Ninety) days written notice, calling upon the Lessee to remedy and rectify such defect/failure and if within 90 (Ninety ) days of receiving the notice, if the defect/failure is not rectified or remedied by the Lessee, the Lessors shall thereafter
be entitled to terminate the lease and re-enter and take possession of the scheduled property without prejudice to the right action of the Lessors in respect of any breach of the Lessee’s covenants here contained. 

  

	 	16.4 	The Lease can be terminated by the Lessee by giving 6 (six) months notice. In this regard, the Lessors expressly agree that the Lessee reserves the right to request the Lessors to
adjust the monthly rent from the total amount of security deposit during such notice period. The Lessors shall pay the balance amount of security deposit, if any, to the Lessee upon such termination of the Lease Agreement. 

 

					
	For Impulsesoft Private Limited	 		 	
			
	/s/	 		 	   
	M. Chandrasekaran	 		 	[SIGNATURES OF M. Zabulon Athisayam, Deva Pouse
	Director	 		 	Christy Bai]

  

 9 

	17.	CONSEQUENCES OF TERMINATION 

 Upon the lapse of the
lease period or earlier termination thereof, the Lessors shall ensure that the security deposit as specified in this Lease Agreement is forthwith returned to the Lessee subject to appropriate deductions in the event the Lessee has failed to pay the
lease rent or payment towards the electricity, water and maintenance charges during the period of lease. 
 Notwithstanding anything contained
in this Lease Agreement, any delay or failure on the part of the Lessors in refunding the security deposit will entail interest at the range of 24% per annum from the date of expire of the lease period or earlier termination of the lease till
the date of the refund and the Lessee shall be entitled to retain the keys to the Schedule Property and retain the possession of the Schedule property, without any obligation to pay rent and at the sole option of the Lessee, sub let either the whole
or any part of the Schedule property to any third party till such time as the security deposit is returned to the Lessee by the Lessors. 
 Without prejudice to the foregoing, nothing in this Lease Agreement shall in any manner prejudice the rights of the parties arising either under this Lease Agreement or under law. 
  

	18.	CAR PARKING SPACE 

 The Lessee shall use the two
(2) car parking space for parking cars and three (3) car parking space is used for erecting the 140 KVA Transformer and not for any other purpose. The 140 KVA Transformer has been erected with the prior permission of the previous owner of
the Schedule property who has shared the costs towards the erection of the same. 
 The car parking space herein is also treated as part of
the Schedule property. 
  

	19.	DELIVERY BACK OF POSSESSION 

 The Lessee shall
deliver back vacant possession of the Schedule property to the Lessors on the expiry of the period of lease or earlier, termination, in the same condition in which it is leased, subject only to normal wear and tear and irresistible force and to any
mutually agreed alteration by the Lessors and Lessee. 
  

					
	For Impulsesoft Private Limited	 		 	
			
	/s/	 		 	   
	M. Chandrasekaran	 		 	[SIGNATURES OF M. Zabulon Athisayam, Deva Pouse
	Director	 		 	Christy Bai]

  

 10 

	20.	CUSTODY OF THE LEASE AGREEMENT 

 This Lease
Agreement is executed in duplicate. The original of this Lease Agreement shall be retained by the Lessee and the duplicate shall be delivered to the Lessors. 
  

	21.	The Lessors reserves their right to put up construct additional space/floors on the Schedule property upon receiving the prior written consent of the Lessee and the Lessee hereby
undertakes not to cause any objection or obstruction for such additional construction unreasonably. 

  

	22.	CONCLUSIVENESS 

 Notwithstanding any other
agreement, deed or exchange of letters or discussions hitherto exchanged, between the parties in the matter of the Lease of the Schedule Property, the terms of this Lease Agreement alone shall prevail and bind the parties. 
 The Lessors have handed over the fittings and fixtures fully described in the Annexure to this Lease Agreement for use of the Lessee and Lessee undertakes
to deliver the same in good order and condition at the time of delivering vacant possession of the Schedule property, subject to normal wear and tear. In the event of any damage to the items or loss of item mentioned in the Annexure, which damage is
directly, solely and absolutely attributable to the act/omission/negligence of the Lessee, it shall be the responsibility of the Lessee to carry out repair and/or replacement of those items failing which the Lessee shall pay the cost of those items
damaged or lost. 
  

	23.	NOTICE: 

 Any notice herein may be given and shall
be valid if sent by hand delivery and written acknowledgement obtained therefore or by registered post acknowledgement due at the address of the parties mentioned above and the same shall if so sent be deemed to be duly delivered. Any party may from
time to time change its address for receipt of notices by giving to the other party, prior written notice of not less than 15 days of such change and such notice of change of address shall be sent under Registered Post Acknowledgement Due.

  

	24.	AUTHORISATION 

 Mr. M. Chandrsekaran,
Chairman & Director, Impulsesoft Private Limited has been authorised by the Board of Directors of the Lessee Company, to execute this Lease Agreement on behalf of the Lessee. 
  

					
	For Impulsesoft Private Limited	 		 	
			
	/s/	 		 	   
	M. Chandrasekaran	 		 	[SIGNATURES OF M. Zabulon Athisayam, Deva Pouse
	Director	 		 	Christy Bai]

  

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	25.	Stamp Duty and Registration, if any, applicable for this instrument shall be borne by the Lessee. 

  

	26.	DISPUTE RESOLUTION 

 In case of any dispute arising
in respect of this Lease Agreement, the matter shall be referred to arbitration in consonance with the provisions of the Indian Arbitration and Conciliation Act, 1996, as may be amended from time to time, and the arbitral tribunal shall consist of
three arbitrators, one each nominated by the Lessors and the Lessee who shall then jointly nominate the third arbitrator. The decision of the arbitrators so appointed shall be binding upon the Lessors and the Lessee. The law governing the
arbitration proceedings shall be Indian law and the proceedings shall be held at Bangalore and conducted in the English language. 
 SCHEDULE
TO THE SCHEDULE PROPERTY REFERRED TO ABOVE 
 All that piece and parcel of the property bearing
No. 690 situated in 15th cross, 2nd phase/stage, Sarakki, Bangalore (now known as J.P. Nagar 2nd Phase) in all compositely having a super built up area of 15000 square feet with five (5) car parking space (two (2) car parking space for parking two (2) cars and the parking space for
three (3) other car parking space is used for erecting 140 KVA Transformer) Corporation Ward No. 57, bounded on East by Site No. 689, West by: 14th Main Road, North by : Site Nos. 659 and 660 and South by : 15th
Cross Road, measuring East to West 24.38 mtrs, and north to South 35.35 + 36.27/2 mtrs with residential building of RCC roof basement, Ground and First Floor. 
 IN WITNESS WHEREOF the parties have executed the Lease Agreement, in the presence of the witnesses attesting hereunder. 
  

			
	LESSORS
		
	1.	 	/s/ M. Zabulon Athisayam
		
	2.	 	/s/ Deva Pouse Christy Bai

  

	
	WITNESSES:
	
	/s/ G Srinivasan
	(G SRINIVASAN)
	 No 378, 8th
Main
 Milk Colony
 Malleswaram West
 Bangalore – 560055

	
	/s/ K. P. Achiah
	(K.P. Achiah)
	 SR Manager, Srinagar Br.
 Bangalore -
50

  

 12 

	
	LESSEE
	
	[/s/: M. Chandrasekaran]
	
	[/s/: Deva Pouse Christy Bai]

  

 13 

 SCHEDULE 2 
 RECEIPT FOR SECURITY DEPOSIT 
 We, the Lessors, namely: 
  

	1.	Mr. M. Zabulon Athisayam, aged about 34 years, S/o Late Maharaja Nadar and 

  

	 2.
	 Ms. Deva Pouse Christy Bai, aged about 28 years, W/o Mr. Zabulon Athisayam, both currently residing at
No. 988,4th Cross, Ashok Nagar, Bangalore 560 050 

 the Lessors of the Schedule property confirm having received from the Lessee an amount of Rs.2,50,000.00 (Rupees
Two Lakh Fifty Thousand Only) vide cheque number: 116846, dated 23rd February’2004 drawn in favour of
Mr. Zabulon Athisayam drawn on Union Bank of India, Industrial Finance Branch, Bangalore –560 027._ (name of bank) and of Rs.2,50,000.00 (Rupees Two Lakh Fifty thousand Only ) drawn in favour of Mrs. Deva Pouse Christy Bai vide cheque
number: 116847 dated 23rd February’2004 drawn in favour of Mrs. Deva Pouse Christy Bai drawn on Union Bank
of India, Industrial Finance Branch, Bangalore –560 027. (name of bank) Bangalore, towards the security deposit as referred to in clause 2 of this Lease Agreement. 
  

			
		
	1.	 	/s/ M. Zabulon Athisayam
		 	M. Zabulon Athisayam
		
	2.	 	/s/ Deva Pouse Christy Bai
		 	Deva Pouse Christy BaiLease dated February 17, 2005

 Exhibit 10.17 
 [IMAGE - Government of Karnataka Registration Stamp Rs. 100] 
 THIS LEASE AND HIRE AGREEMENT (“Agreement
of Lease”) executed at BANGALORE on the 17-2-2005 (SEVENTEENTH day of FEBRUARY Two Thousand and Five): 
  

					
	BY:	  	1)	  	 MR. A. MAJEED alias MOHSIN,
 aged about 48
years,
 son of late A. Qader Adam,
 at No. 14, Walton
Road,
 BANGALORE – 560 001

			
		  	2)	  	 MR. A. AZIZ QADER,
 aged about 45 years,
 son of late A. Qader Adam,
 At No. 14, Walton Road,
 BANGALORE – 560 001

			
		  	3)	  	 MR. A RASHEED RAZACK,
 aged about 43 years,
 son of Mr. A. Razack Adam,
 residing at No. 51/1, Promenade Road,

Frazer Town, BANGALORE – 560 005

  

																					
	/s/ A.Majeed	  		  	/s/ A. Aziz Qader	  		  	/s/ A. Rasheed Razack	  		  	/s/ A. Hameed Razack	  		  	/s/ A. Rahim Razack	  		  	/s/ A.G. Murlikrishnan

 Page 1 of 22 

					
		  	4)	  	 MR. A. HAMEED RAZACK,
 aged about 41 years,
 son of Mr. A. Razack Adam,
 residing at No. 51/1, Promenade Road,

Frazer Town, BANGALORE – 560 005

			
		  	 5)
	  	 MR. A. RAHIM RAZACK,
 aged about 38 years,
 son of Mr. A. Razack Adam,
 residing at No. 51/1, Promenade Road
 Frazer Town, BANGALORE – 560 005

			
		  		  	(hereinafter referred to as the “LESSORS”, which expression shall, wherever the context so requires or admits, mean and include, their respective heirs, executors,
administrators and assigns) of the ONE PART;
			
	 IN FAVOUR OF:
	  		  	TRUESPAN SEMICONDUCTORS TECHNOLOGIES INDIA PRIVATE LIMITED, a Private Limited Company incorporated as per the provisions of the Companies Act, 1956, having its Registered Office at Vijeta No.
14, 2nd Floor, 80 Ft. Main Road, 4th Block, Koramangala, Bangalore – 560 034, represented by its Director: MR. A.G. MURLIKRISHNAN
			
		  		  	(hereinafter referred to as the “LESSEE”, which expression shall, wherever the context so requires or admits, mean and include, its successors-in-title and assigns) of the
OTHER PART.

 Individually referred to as “Party” and together referred to as “Parties”. 
  

																					
	/s/ A.Majeed	  		  	/s/ A. Aziz Qader	  		  	/s/ A. Rasheed Razack	  		  	/s/ A. Hameed Razack	  		  	/s/ A. Rahim Razack	  		  	/s/ A.G. Murlikrishnan

 Page 2 of 22 

 WHEREAS: 
  

	I.	The Lessors are the co-owners of the third floor of the building known as “ADAM CHAMBERS” constructed on the property bearing No. 11, Richmond Road, Bangalore, more
fully described in the Schedule ‘A’ below and hereinafter referred to as the “SCHEDULE PREMISES”, with Lessors 1 & 2 having undivided 25%, 25% and Lessors 3, 4 & 5 having equal in balance 50% share and interest
respectively in the Scheduled Premises; and whereas the Lessee has approached the Lessors for the leasing of the Scheduled Premises. 

  

	II.	The Lessors have agreed to give on lease the Schedule Premises along with fixtures and fittings, more fully described in Schedule ‘B’ below and hereinafter referred to as
“SCHEDULE FITTINGS”, to the Lessee for a term of five (5) years and the Parties hereto are desirous of recording the terms and conditions agreed between them. 

  

	III.	NOW THIS AGREEMENT OF LEASE WITNESSES AS FOLLOWS: 

 That in consideration of the rents/hire charges agreed to be paid by the Lessee as set out in this Agreement of Lease and the Lessee agreeing to comply with the covenants and conditions mentioned herein, the Lessors hereby agree to grant by
way of lease to the Lessee, the Schedule Premises for a period of five (5) years, subject to the following terms and conditions: 
  

																					
	/s/ A.Majeed	  		  	/s/ A. Aziz Qader	  		  	/s/ A. Rasheed Razack	  		  	/s/ A. Hameed Razack	  		  	/s/ A. Rahim Razack	  		  	/s/ A.G. Murlikrishnan

 Page 3 of 22 

	1)	RATE OF RENT/HIRE CHARGES: 

  

	 	1.1)	The rent/hire charges payable by the Lessee to the Lessors for first three (3) years for the Schedule Premises and Schedule Fittings, more fully described as Schedules A and
Schedule B attached hereto and hereinafter together referred to as “SCHEDULE PROPERTY” is as follows: 

  

	 	(a)	Rent Rs. 38.00 per sq. ft. per month 

  

	 	(b)	Hire charges Rs. 22.00 per sq. ft. per month 

 i.e. Rs. 2,36,820/-(Rupees Two Lakhs Thirty-Six thousand Eight Hundred and Twenty only) per month. 
  

	 	 1.2)
	 The rent/hire charges for 4th and 5th Year will be: 

  

	 	(a)	Rent Rs. 45.60 per sq. ft per month 

  

	 	(b)	Hire charges Rs. 26.40 per sq. ft. per month 

 i.e. Rs. 2,84,184/- (Rupees Two Lakhs Eighty Four Thousand One Hundred and Eighty Four only). 
  

	 	 1.3)
	 The Lessees shall pay the rent/hire charges regularly to the Lessors on or before the 5th day of every month following the month for which it is due and in ratio of the ownership of the Lessors as set out in para 1
above. The Lessors shall forthwith issue receipts for the same. 

  

	 	1.4)	The Lessors and the Lessee hereby agree that the hire of the Schedule Fittings and the lease of the Schedule Premises are co-terminus and cannot be separate from each other.

  

																					
	/s/ A.Majeed	  		  	/s/ A. Aziz Qader	  		  	/s/ A. Rasheed Razack	  		  	/s/ A. Hameed Razack	  		  	/s/ A. Rahim Razack	  		  	/s/ A.G. Murlikrishnan

 Page 4 of 22 

	2)	DURATION: 

 The duration of the Lease in respect of the Schedule Premises shall be Five (5) years, commencing from the day of handing over of the Schedule Premises on or before 1st April 2005. 
  

	4)	POSSESSION: 

 The Lessors will handover vacant possession of the Schedule Premises along with Schedule Fittings to the Lessee on or before 24th March 2005. 
  

	5)	PAYMENT OF TAXES: 

 The Lessors shall bear and pay
the property taxes, rates and ceases payable to Corporation of City of Bangalore/Bangalore Development Authority in regard to the Schedule Premises together with future increases therein and no claim for enhancement of rent or for contribution
towards such taxes, ceases, levies or increases shall be made by the Lessors or be entertained by the Lessee. The Lessors agree that the Lessee shall not be liable to contribute towards or bear or pay any charges, costs, expenses arising out of and
relating to any proceedings that may be instituted by the Lessors before any Forum, Court, Authority, Statutory Committee resulting in reduction of statutory taxes, levies, cesses, whether or not such reduction inures to the benefit of the Lessee.
In the event of the Lessors failing to pay the said taxes it will be construed as material breach on the part of the Lessors and if demanded by the Statutory Authority, the Lessees may at its discretion so as not to disrupt the use of the Schedule
Premises, if such 

  

																					
	/s/ A.Majeed	  		  	/s/ A. Aziz Qader	  		  	/s/ A. Rasheed Razack	  		  	/s/ A. Hameed Razack	  		  	/s/ A. Rahim Razack	  		  	/s/ A.G. Murlikrishnan

 Page 5 of 22 

 
the Lessors failing to pay the said taxes it will be construed as material breach on the part of the Lessors and if demanded by the Statutory Authority, the
Lessees may at its discretion so as not to disrupt the use of the Schedule Premises, if such disruption is threatened, pay the municipal taxes under notice to the Lessors and deduct the same from the next month’s rent/hire charges. 

 

	6)	WATER/ELECTRICITY AND MAINTENANCE CHARGES ETC.: 

  

	 	6.1)	 The Lessors have informed the Lessee that the Schedule Premises has 40 KVA of power. The Lessee shall bear and pay the electricity charges to the
builders/association of owners with regard to the consumption of power in the Schedule Premises. The Lessors have informed the Lessee there is a common electricity meter for the entire building and the distribution to the unit has been done through
separate meter and the Lessee shall regularly and without default pay the electricity charges for such consumption as per the separate meter provided therein from the date of the execution of this Agreement of Lease. The Lessee shall furnish copies
of bills and receipts acknowledging payments every four (4) months. In the event of the Lessee failing to pay the amounts due for the electricity, the Lessors may at their discretion under notice to the Lessee pay the amounts due under this
clause to ensure that the electricity is not disrupted which will thereby affect the entire building in which the Schedule Premises are situated. The Lessee shall repay the amounts within 

  

																					
	/s/ A.Majeed	  		  	/s/ A. Aziz Qader	  		  	/s/ A. Rasheed Razack	  		  	/s/ A. Hameed Razack	  		  	/s/ A. Rahim Razack	  		  	/s/ A.G. Murlikrishnan

 Page 6 of 22 

	 	 
fifteen (15) days of such payment by the Lessors failing which it will be construed as material breach on the part of the Lessee.

  

	 	6.2)	The Lessors have informed the Lessee that the water connection which has been provided by the authorities is common to the entire building in which the Schedule Premises are
situated that the Lessee shall pay the proportionate water charges as and when due and demanded by the builders/association of owners. In the event of the Lessee failing to pay such proportionate charges, the Lessors may at their discretion under
notice to the Lessee pay the amounts due under this clause to ensure that the water supply is not disrupted which will thereby affect the entire building in which the Schedule Premises are situated. The Lessee shall repay the amounts within fifteen
(15) days of such payment by the Lessors failing which it will be construed as material breach on the part of the Lessee. 

  

	 	6.3)	 The Lessee shall regularly pay the maintenance charges (approx. Rs. 3.50 per sq. ft., per month, subject to changes) raised by the association of
owners/builders or any organization engaged for maintaining the Schedule Premises. The maintenance charges shall be paid on the bills being raised without default and before its due and the Lessee shall furnish copies of bills and receipts
acknowledging payments every four (4) months. In the event of the Lessee failing to pay the amounts due for the maintenance, the Lessors may at their discretion under notice to the Lessee pay the amounts due under this clause to ensure that the
services are not disrupted. The 

  

																					
	/s/ A.Majeed	  		  	/s/ A. Aziz Qader	  		  	/s/ A. Rasheed Razack	  		  	/s/ A. Hameed Razack	  		  	/s/ A. Rahim Razack	  		  	/s/ A.G. Murlikrishnan

 Page 7 of 22 

	 	 
Lessee shall repay the amounts within fifteen (15) days of such payment by the Lessors failing which it will be construed as material breach on the part
of the Lessee. 

  

	 	6.4)	Fuel charges for Genset will be divided on sq. ft. basis. 

  

	7)	USE OF PREMISES. 

  

	 	7.1)	The Lessee shall be permitted to use the Schedule Premises for commercial purposes and the Lessee shall not carry on any activity in the Schedule premises which is illegal, unlawful
or which causes a public nuisance. 

  

	 	7.2)	The Lessee shall not store any inflammable items or any hazardous items in the Schedule Premises. 

  

	8)	BAR ON STRUCTURAL ADDITIONS/ALTERATIONS: 

 The
Lessee shall not effect any structural additions or alterations of permanent nature to the Schedule Premises without the prior written consent of the Lessors. 
  

	9)	ADDITIONAL POWER: 

 The Lessee will be entitled to
make such application for additional power in the Schedule Premises at their cost. The Lessors shall sign all such documents/deeds as may be necessary and required for purpose of allotment of additional power in the Schedule Premises and the
refundable deposit/other expenses demanded by the Karnataka Power Transmission Corporation Limited (KPTCL) for such 

  

																					
	/s/ A.Majeed	  		  	/s/ A. Aziz Qader	  		  	/s/ A. Rasheed Razack	  		  	/s/ A. Hameed Razack	  		  	/s/ A. Rahim Razack	  		  	/s/ A.G. Murlikrishnan

 Page 8 of 22 

 
additional power shall be paid by the Lessee. The Lessors agree that on the Lessee vacating the Schedule Premises, the Lessee will be entitled to surrender
the additional power and the Lessors shall as and when they receive back the refund of the amounts from KPTCL, immediately reimburse the refundable deposit to Lessee. 
  

	10)	SUB-LETTING: 

 The Lessee shall not be entitled to
assign this Lease or any part thereof, sub-let, sub-lease, underlet, license, create tenancy, sub-tenancy or part with possession directly or indirectly to any third party in respect of the whole or part of the Schedule Premises unless the Lessee
intends to or decides to vacate the Schedule Premises during the lock-in period as specified under clause 19.1 below. In the event, the Lessee intends to vacate the Schedule Premises during the lock-in period, then Lessors hereby agree that the
Lessee shall be entitled to sub-let, sub-lease, underlet, license, create tenancy or underlet the Schedule Premises during the lock-in period to any other person or persons. This clause shall not apply to any wholly owned subsidiary company or
sister concern of the Lessee. However in the event of any such assignments, the Lessee shall give the Lessors a prior intimation in writing regarding such change and after due satisfaction, the Lessors shall give consent for such change in writing
to the Lessee. 
  

																					
	/s/ A.Majeed	  		  	/s/ A. Aziz Qader	  		  	/s/ A. Rasheed Razack	  		  	/s/ A. Hameed Razack	  		  	/s/ A. Rahim Razack	  		  	/s/ A.G. Murlikrishnan

 Page 9 of 22 

	11)	REPAIRS AND MAINTENANCE: 

  

	 	11.1) 	The Lessors represent that the Schedule Premises is fit for occupation or use by the Lessee. In the event the Schedule Premises or part is currently unfit for occupation or use by
the Lessee, the Lessors shall remedy the defect by carrying out all the necessary repairs and make the Schedule Premises fit for occupation before handing over the Schedule Premises to the Lessee. 

  

	 	11.2) 	The Lessee shall maintain at their cost the Schedule Premises and Schedule Fittings in a state of good repair (including AMCs). 

  

	 	11.3) 	The Lessors shall take care of any major repairs to the Schedule Property which may in the nature of structural repairs, major leakage or repair caused due to tempest, fire,
earthquakes or any other natural calamity. 

  

	 	11.4) 	The Lessors will on being intimated of any major repairs get the same repaired within thirty (30) days of the intimation being received failing which it will be construed as
material breach on the part of the Lessors and the Lessee may at its discretion get the repairs carried out and deduct the amounts spent from the rent/hire charges payable to the Lessors. In case of dispute regarding the nature of major repairs, the
Lessors and Lessee shall jointly appoint a Certified Engineer and his decision shall be final and binding on both the Parties. 

  

																					
	/s/ A.Majeed	  		  	/s/ A. Aziz Qader	  		  	/s/ A. Rasheed Razack	  		  	/s/ A. Hameed Razack	  		  	/s/ A. Rahim Razack	  		  	/s/ A.G. Murlikrishnan

 Page 10 of 22 

	12)	INSPECTION: 

 The Lessors or their authorized agents
shall have the right to enter upon and inspect the Schedule Premises at all reasonable hours on any working day after giving a twenty-four (24) hours written notice to the Lessee without causing any disturbance/hindrance in the regular
activities of the Lessee. 
  

	13)	SALE: 

 In the event of the Lessors disposing of the
Schedule Premises to any one other than the Lessee, then in that event, such sale of the Schedule Premises/Schedule Fittings shall be subject to the leasehold rights of the Lessee, and the Lessors shall inform such purchaser of the leasehold rights
of the Lessee herein and the Lessors shall ensure that the future owner or successor-in-title to the Schedule Premises shall agree to be bound by the terms of this Agreement of Lease. The Lessee shall then be required to pay the lease rent/hire
charges to the new owner. The terms and conditions of this Lease shall continue to bind the Lessee and the new Landlord/s as it is. 
  

	14)	SUSPENSION: 

 In the event that the Schedule
Premises or part thereof becomes unfit for occupation or use by the Lessee by reason of the occurrence of any force majeure event, the Lessee shall in from the Lessors by notice in writing, of the fact that the Schedule Premises are unfit for use,
and the payment of rent shall remain suspended for the period commencing from the date of such until such time 

  

																					
	/s/ A.Majeed	  		  	/s/ A. Aziz Qader	  		  	/s/ A. Rasheed Razack	  		  	/s/ A. Hameed Razack	  		  	/s/ A. Rahim Razack	  		  	/s/ A.G. Murlikrishnan

 Page 11 of 22 

 
as the Schedule Premises remains unfit for occupation or use. Provided that in the event the Schedule Premises remains unfit for use for a period greater
than two (2) months for the date of notice, the Lessee shall be entitled to terminate this Agreement of Lease forthwith. 
  

	15)	INSURANCE: 

  

	 	15.1) 	The Lessee shall insure all equipments, furnitures, fixtures in the Schedule Premises at its cost. 

  

	 	15.2) 	The Lessors at their cost, shall keep the Schedule Premises fully insured and shall hand over a copy of such insurance policy to the Lessee. The Lessee shall not be responsible for
taking out the aforesaid insurance or paying any insurance premium in this regard. 

  

	16)	INDEMNIFICATION: 

 The Lessors will indemnify and
keep indemnified the Lessee against all or any claims, damages, costs and expenses relating to or arising out of defect in title, subsisting or future encumbrances or related to the Lease of the Schedule Premises and in relation to any work
undertaken by the Lessors in respect of the Schedule Premises, including any claims, damages, costs and expenses arising out of or relating to any non-performance or breach of any law, rule, regulation, order, sanction, proceedings, etc. by the
Lessors. The Lessors shall also indemnify Lessee from and against all or any claims, damages, costs and expenses 

  

																					
	/s/ A.Majeed	  		  	/s/ A. Aziz Qader	  		  	/s/ A. Rasheed Razack	  		  	/s/ A. Hameed Razack	  		  	/s/ A. Rahim Razack	  		  	/s/ A.G. Murlikrishnan

 Page 12 of 22 

 
arising from any actions, known or unknown, by any third party which actions are solely and absolutely attributable to Lessors and/or the Scheduled Premises.

  

	17)	AFFIXING OF BOARDS: 

 The Lessees will be entitled
to affix a board of their company at a place mutually agreed upon on the building and inside the Schedule Premises at the cost of the Lessee (including payments towards statutory levies), provided however that the “Adam Chambers” Board
shall not be disturbed or concealed. 
  

	18)	DEFAULT IN PAYMENT OF RENT/HIRE CHARGES: 

 In the
event of the delay in payment of the rents/hire charges, the Lessee shall become liable to pay interest on the delayed rent/hire charges at the rate of 2% per month or part thereof. This is without prejudice to clause 19.2 below. 
 19) TERMINATION OF LEASE: 
  

	 	19.1) 	The Lessee shall not terminate this Agreement of Lease for the first three (3) years being the lock-in period, unless there has been a breach by the Lessors.

  

	 	19.2) 	By efflux of time. 

  

	 	19.3) 	 In the event of the Lessee committing any breach of any of the terms of this Lease or defaults in payment of rent/hire charges for two (2) consecutive months
or as mutually agreed between the Parties and recorded in writing, then in that event the Lessors shall give notice of such 

  

																					
	/s/ A.Majeed	  		  	/s/ A. Aziz Qader	  		  	/s/ A. Rasheed Razack	  		  	/s/ A. Hameed Razack	  		  	/s/ A. Rahim Razack	  		  	/s/ A.G. Murlikrishnan

 Page 13 of 22 

	 	 
default by the Lessee and the Lessee must, within 15 days of the receipt of such notice, rectify such default failing which this Lease will stand terminated
and the Lessee shall hand over and deliver vacant possession of the Schedule Premises to the Lessors and the Lessors will have the right to resume possession of the Schedule Premises. 

  

	 	19.4) 	In the event of the Lessee being ordered to be wound-up for any reasons by any Court or direction and/or liquidator/receiver being appointed, this Lease shall stand terminated and
the Lessors shall become entitled to vacant possession of the Schedule Premises and to resume possession as the benefit of this Lease is not available to any third party. However this clause will have no application in the event of mergers in which
the Lessee company may be a part. 

  

	 	19.5) 	In the event of the Lessee is required to stop operations in India/Bangalore on account of any action or direction by the Government of India or Government of Kamataka or any other
Central or State Authority, this Lease shall stand terminated and the Lessee shall vacate the Schedule Premises failing which the Lessors will be entitled to resume possession of the Schedule Premises without further notice.

  

	 	19.6) 	The Lessee may if it so desire terminate this Lease after three (3) years lock-in period by giving six (6) months advance notice in writing after the said period of thirty
six (36) months, of the intention to terminate the Lease without assigning any reasons or cause. 

  

																					
	/s/ A.Majeed	  		  	/s/ A. Aziz Qader	  		  	/s/ A. Rasheed Razack	  		  	/s/ A. Hameed Razack	  		  	/s/ A. Rahim Razack	  		  	/s/ A.G. Murlikrishnan

 Page 14 of 22 

	 	19.7) 	In the event of the Lessors committing breach of any of the terms of this Agreement of Lease, the Lessee shall be entitled to terminate this Lease after giving thirty (30) days
notice to rectify the breach and on the failure of the Lessors to rectify the breach within a reasonable time after receipt of the said notice, the Lessee will be entitled to damages, if any, suffered due to such breach, and the Lessee will also be
entitled to terminate the Lease and be ready for handing over possession of the Schedule Premises. 

  

	 	19.8) 	In the event of any damage being caused to the building in which the Schedule Premises is situated or to the Schedule Premises so as to render the same unusable, then in the that
event the lease shall stand determined. 

  

	 	19.9) 	The Lessee agree that the Lessors shall upon termination of the Lease in any of the circumstances mentioned in any of the clauses set out under 19.1 to 19.7 the Lessors shall be
entitled to on such termination resume possession of the Schedule Premises. 

  

	 	19.10) 	The lessee agree that in any of the eventuality of the termination of the Lease as stated herein the Lessee is bound and liable to hand over full free and vacant possession of the
Schedule Premises, and in the event of the Lessee were to continue the possession of the Schedule Premises even after the termination of this Lease the Lessee shall be liable to pay monthly rent/hire charges with an increase of 25% per annum
over and above the last rent/hire charges paid. 

  

																					
	/s/ A.Majeed	  		  	/s/ A. Aziz Qader	  		  	/s/ A. Rasheed Razack	  		  	/s/ A. Hameed Razack	  		  	/s/ A. Rahim Razack	  		  	/s/ A.G. Murlikrishnan

 Page 15 of 22 

	20)	OTHER MATTERS: 

 The western side of the entire
building in which the Schedule Premises are situated is earmarked for two (2) wheeler parking and the Lessee shall be entitled to use the same along with other occupants proportionately with no additional charge. 
  

	21)	RETURN OF PREMISES: 

 The Lessees shall on
termination of lease or earlier determination of Lease in terms hereof, return the Schedule Premises in the same condition when taken by the Lessee on the execution of this Agreement of Lease subject to normal wear and tear which is expected.

  

	22)	TAX DEDUCTION: 

  

	 	22.1) 	The Lessee shall deduct tax at source as may be applicable under law and all other statutory deductions as may be required to be made on all payments to be made to the Lessors and
the Lessee shall provide Tax Deduction at Source (TDS) certificates to the Lessors once in every three (3) months. 

  

	 	22.2) 	In the event TDS is deducted by the Lessee and the TDS Certificate not given in time (before Lessors’ Income Tax Assessment), the Lessors shall treat the amount deducted as
arrears in rent and shall be entitled to recover the same with interest calculated at the rate of 2% per month in any manner. 

  

																					
	/s/ A.Majeed	  		  	/s/ A. Aziz Qader	  		  	/s/ A. Rasheed Razack	  		  	/s/ A. Hameed Razack	  		  	/s/ A. Rahim Razack	  		  	/s/ A.G. Murlikrishnan

 Page 16 of 22 

	23)	STAMP DUTY AND REGISTRATION CHARGES AND EXPENSES: 

  

	 	23.1) 	That the cost of stamp duty and registration charges and other incidental expenses in connection with execution and registration of this Lease and the renewed Lease shall be borne
by the Lessee. 

  

	 	23.2) 	The Lessors shall come forward to register the Agreements to Lease on demand by the Lessee. 

  

	 	23.3) 	If under any circumstance, the stamp duty and registration charges becomes payable, the Lessors shall be entitled to pay the same and amounts so paid shall be treated as arrears in
rent and shall be recovered by the Lessees as arrears of rent. 

  

	24)	MODIFICATION/VARIATION: 

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

	25)	WAIVER/FORBEARANCE: 

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

																					
	/s/ A.Majeed	  		  	/s/ A. Aziz Qader	  		  	/s/ A. Rasheed Razack	  		  	/s/ A. Hameed Razack	  		  	/s/ A. Rahim Razack	  		  	/s/ A.G. Murlikrishnan

 Page 17 of 22 

	26)	ARBITRATION: 

 The Parties agree that in case of any
dispute arising in respect to this Lease, the matter shall be referred to arbitration of an Arbitrator, in consonance with the provisions of the Indian Arbitration and Conciliation Act, 1996, as may be amended from time to time. The decision of the
Arbitrator so appointed shall be binding upon the Lessors and the Lessee. 
  

	27)	LANGUAGE, JURISDICTION AND ARBITRATION VENUE: 

 The
arbitration proceedings shall be held at Bangalore and conducted in the English language. The courts in Bangalore shall alone have jurisdiction with regard to this Lease. 
  

	28)	GENERAL: 

 This Agreement of lease is executed in
triplicate. One (1) copy shall be retained by the Lessee and the other two (2) copies shall be retained by the Lessors. 
  

	29)	SEVERANCE: 

 In the event that any provision of this
Lease or any of the conditions of them are declared by any judicial or other competent authority to be void, voidable, illegal or otherwise unenforceable or indications of the same are received by either of the 

  

																					
	/s/ A.Majeed	  		  	/s/ A. Aziz Qader	  		  	/s/ A. Rasheed Razack	  		  	/s/ A. Hameed Razack	  		  	/s/ A. Rahim Razack	  		  	/s/ A.G. Murlikrishnan

 Page 18 of 22 

 
Parties from any relevant competent authority, the Parties shall amend that provision in such reasonable manner as achieves the intention of the Parties
without illegality or at the discretion of the Parties it may be severed from this Lease and the remaining provisions of this Lease shall remain in full force and effect unless the Parties decide that the effect of such declaration is to defeat the
original intention of the Parties in which event the Parties will decide to terminate this Lease and the provision of clause 27 will not apply. 
  

	30)	WHOLE AGREEMENT: 

 The Parties acknowledge that this
Agreement and these conditions contain the whole Agreement of Lease between the Parties and it has not relied upon any oral or written representations made. 
  

	31)	NOTICE: 

 No notice shall be deemed to have been
served unless delivered under the Registered Post Acknowledgement Due to the address stated below. 
  

	32)	ADDRESS FOR NOTICE: 

 Unless otherwise notified in
writing with acknowledgement due, the address for notice/correspondence of either the Lessors or Lessees shall be as under: 
  

			
	 Address of Lessors:
	  	 Lessor Nos. 1 and 2
 No. 14, Walton Road,
 Bangalore – 560 001

		
		  	 Lessor Nos. 3 to 5
 No. 51/1, Promenade Road, Frazer
Town
 Bangalore – 560 005

  

																					
	/s/ A.Majeed	  		  	/s/ A. Aziz Qader	  		  	/s/ A. Rasheed Razack	  		  	/s/ A. Hameed Razack	  		  	/s/ A. Rahim Razack	  		  	/s/ A.G. Murlikrishnan

 Page 19 of 22 

			
	 Address of Lessees:
	  	 Vijeta No. 14, 2nd Floor, 80 Ft. Main Road,
 4th Block, Koramangala
 Bangalore – 560 034

		
		  	                OR
		
		  	 3rd Floor, Adam
Chambers
 No. 11 Richmond Road,
 Bangalore.

  

	33)	PERMISSION: 

 If any clearance certificate is
required for the registration of the Agreements to Lease the same shall be obtained by the Lessors at their cost. 
  

	34)	HEADINGS: 

 The Headings to various clauses
hereinabove, are given for sake of convenience and easy reference only and they do not in any manner either govern or interpret the meaning thereof. 
 35)
CONSTRUCTION: 
 The Lessors warrant that the Schedule Premises is constructed as per the plan, sanctioned by the Bangalore Mahanagara
Palike. 
  

																					
	/s/ A.Majeed	  		  	/s/ A. Aziz Qader	  		  	/s/ A. Rasheed Razack	  		  	/s/ A. Hameed Razack	  		  	/s/ A. Rahim Razack	  		  	/s/ A.G. Murlikrishnan

 Page 20 of 22 

 SCHEDULE – ‘A’ 
 The entire Third Floor of the Building known as “ADAM CHAMBERS” constructed on the Property bearing No. 11 Richmond Road, Bangalore, having a super built up area of about 3,947 feet. 
 SCHEDULE – ‘B’ 
 Furniture and Fixtures 
  

	 	•	 	 False Ceiling 

  

	 	•	 	 Lights 

  

	 	•	 	 Air-Conditions 

  

	 	•	 	 Rooms 

  

	 	•	 	 Work Stations/Chairs 

  

	 	•	 	 Carpeted Flooring 

  

	 	•	 	 Two Toilets 

  

	 	•	 	 Pantry 

  

	 	•	 	 Common Genset for Back-Up Power 

  

	 	•	 	 Others to be given. 

 IN WITNESS WHEREOF, the PARTIES
hereto have set their respective hands to this AGREEMENT OF LEASE at Bangalore on the day, month and year first above written: 
 SIGNED AND DELIVERED by the
within named LESSORS 
  

							
				
	1.	 	/s/ A. Majeed Alias Mohsin	 		 	 
		 	Mr. A. MAHED alias MOHSIN	 		 	LESSOR – 1
				
	2.	 	/s/ A. Aziz Qader	 		 	 
		 	Mr. A. AZIZ QADER	 		 	LESSOR – 2
				
	3.	 	/s/ A. Rasheed Razack	 		 	 
		 	Mr. A. RASHEED RAZACK	 		 	LESSOR – 3

  

																					
	/s/ A.Majeed	  		  	/s/ A. Aziz Qader	  		  	/s/ A. Rasheed Razack	  		  	/s/ A. Hameed Razack	  		  	/s/ A. Rahim Razack	  		  	/s/ A.G. Murlikrishnan

 Page 21 of 22 

							
				
	4.	 	/s/ A. Hameed Razack	 		 	LESSOR – 4
		 	Mr. A. HAMEED RAZACK	 		 	
				
	5.	 	/s/ A. Rahim Razack	 		 	LESSOR – 5
		 	Mr. A. RAHIM RAZACK	 		 	

 in the presence of: 
 WITNESSES: 
  

			
	1.	  	 NARENDRA KAMATH
 101, ROYAL CASTLE
 KODI HALLI, HAL II
 BANGALORE – 560008
  
 /s/ Narendra
Kamath                            

		
	2.	  	 VINOD K GOPINATH
 #107, MAANGALYA
 6/1 BENSON CROSS RD
 B’LORE – 46
  
 /s/ Vinod
Gopinath                                

  

					
	 SIGNED, SEALED AND DELIVERED
 by the within Named
LESSEES
 M/S TRUESPAN SEMICONDUCTORS
 TECHNOLOGY INDIA PRIVATE
LIMITED,
 Represented by its Director:
	 		 	
	MR. A.G. MURLIKRISHNAN	 		 	/s/ A.G. Murlikrishnan
		 		 	LESSEE

 in the presence of: 
 WITNESSES: 
  

			
	1.	  	 NARENDRA KAMATH
 101, ROYAL CASTLE
 KODI HALLI, HAL II
 BANGALORE – 560008
  
 /s/ Narendra
Kamath                        

		
	2.	  	 S.K. KANTHARAJ
 No. 145, RAIN BOW
RESIDENCY
 JUNNASANDRA
 SARJAPUR ROAD
 BANGALORE
  
 /s/ S.K. Kantharaj                            

  

																					
	/s/ A.Majeed	  		  	/s/ A. Aziz Qader	  		  	/s/ A. Rasheed Razack	  		  	/s/ A. Hameed Razack	  		  	/s/ A. Rahim Razack	  		  	/s/ A.G. Murlikrishnan

 Page 22 of 22

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