Document:

ex_144284.htm

Exhibit 10.45

 

 

Pursuant to Instruction 2 of Item 601(a) of Regulation S-K, the Company has filed only the form of the Common Stock Purchase Warrant although the Company has issued various such Common Stock Purchase Warrants that are substantially identical in all material respects except as to the parties thereto and certain other details. The Schedule that follows the form of Common Stock Purchase Warrant identifies each Common Stock Purchase Warrant that have not been filed (or incorporated by reference) because they are substantially identical in all material respects to the form of Common Stock Purchase Warrant that is being filed, and sets forth the material details in which each omitted Common Stock Purchase Warrant differ from the form of Common Stock Purchase Warrant that is being filed.

 

 

THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE AND MAY NOT BE SOLD OR OFFERED FOR SALE IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES OR AN OPINION OF COUNSEL OR OTHER EVIDENCE ACCEPTABLE TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED.

 

No. X-X-X

 

OmniComm Systems, Inc.

COMMON STOCK PURCHASE WARRANT

CLASS 20XX

 

         1.     Issuance. In consideration of good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged by OmniComm Systems, Inc., a Delaware corporation (the “Company”),                 or registered assigns (the “Holder”) is hereby granted the right to purchase at any time, on or after the Issue Date (as defined below) until 5:00 P.M., New York City time, on the Expiration Date (as defined below),                 (XXX,XXX,) fully paid and non-assessable shares of the Company’s Common Stock, $0.001 par value per share (the “Common Stock”), at an initial exercise price per share (the “Exercise Price”) of $_____ per share, subject to further adjustment as set forth herein. This Warrant was originally issued to the Holder or the Holder’s predecessor in interest on                 (the “Issue Date”).

 

2.     Exercise of Warrants.

 

2.1     General.

 

(a) This Warrant is exercisable in whole or in part at any time and from time to time commencing on the Issue Date. Such exercise shall be effectuated by submitting to the Company (either by delivery to the Company or by facsimile transmission) a completed and duly executed Notice of Exercise included herein. The date such Notice of Exercise is faxed to the Company shall be the “Exercise Date,” provided that, if such exercise represents the full exercise of the outstanding balance of the Warrant, the Holder of this Warrant tenders this Warrant Certificate to the Company within five (5) Trading Days thereafter. The Notice of Exercise shall be executed by the Holder of this Warrant and shall indicate (i) the number of shares then being purchased pursuant to such exercise and (ii) whether the exercise is a cashless exercise.

 

(b) If the Notice of Exercise form elects a “cashless” exercise, the Holder shall thereby be entitled to receive a number of shares of Common Stock equal to (w) the excess of the Current Market Value (as defined below) over the total cash exercise price of the portion of the Warrant then being exercised, divided by (x) the Market Price of the Common Stock. For the purposes of this Warrant, the terms (y) “Current Market Value” shall mean an amount equal to the Market Price of the Common Stock, multiplied by the number of shares of Common Stock specified in the applicable Notice of Exercise, and (z) “Market Price of the Common Stock” shall mean the average Closing Price of the Common Stock for the three (3) Trading Days ending on the Trading Day immediately prior to the Exercise Date.

 

(c) If the Holder provides on the Notice of Exercise form that the Holder has elected a “cash” exercise (or if the cashless exercise referred to in the immediately preceding paragraph (b) is not available in accordance with its terms), the Exercise Price per share of Common Stock for the shares then being exercised shall be payable, at the election of the Holder, in cash or by certified or official bank check or by wire transfer in accordance with instructions provided by the Company at the request of the Holder.

 

(d) Upon the appropriate payment, if any, of the Exercise Price for the shares of Common Stock purchased, together with the surrender of this Warrant Certificate (if required), the Holder shall be entitled to receive a certificate or certificates for the shares of Common Stock so purchased. The Company shall deliver such certificates representing the Warrant Shares in accordance with the instructions of the Holder as provided in the Notice of Exercise (the certificates delivered in such manner, the “Warrant Share Certificates”) within three (3) Trading Days (such third Trading Day, a “Delivery Date”) of (i) with respect to a “cashless exercise,” the Exercise Date or the Automatic Exercise Date, as the case may be, or, (ii) with respect to a “cash” exercise, the later of the Exercise Date or the date the payment of the Exercise Price for the relevant Warrant Shares is received by the Company.

 

(e) The Holder shall be deemed to be the holder of the shares issuable to it in accordance with the provisions of this Section 2.1 on the Exercise Date.

 

2.2     Automatic Exercise. If any portion of this Warrant remains unexercised as of the Expiration Date and the Market Price of the Common Stock as of the Expiration Date is greater than the applicable Exercise Price as of the Expiration Date, then, without further action by the Holder, this Warrant shall be deemed to have been exercised automatically on the date (the “Automatic Exercise Date”) which is the day immediately prior to the close of business on the Expiration Date (or, in the event that the Expiration Date is not a Business Day, the immediately preceding Business Day) as if the Holder had duly given a Notice of Exercise for a “cashless” exercise as contemplated by Section 2.1(b) hereof, and the Holder (or such other person or persons as directed by the Holder) shall be treated for all purposes as the holder of record of such Warrant Shares as of the close of business on such Automatic Exercise Date. This Warrant shall be deemed to be surrendered to the Company on the Automatic Exercise Date by virtue of this Section 2.2 without any action by the Holder.

 

               2.3     Certain Definitions. As used herein, the term “Expiration Date” means                     .

 

3.     Reservation of Shares. The Company hereby agrees that, at all times during the term of this Warrant, there shall be reserved for issuance upon exercise of this Warrant, one hundred percent (100%) of the number of shares of its Common Stock as shall be required for issuance of the Warrant Shares for the then unexercised portion of this Warrant. For the purposes of such calculations, the Company should assume that the outstanding portion of these Warrants was exercisable in full at any time, without regard to any restrictions which might limit the Holder’s right to exercise all or any portion of this Warrant held by the Holder.

 

1

 

 

4.     Mutilation or Loss of Warrant. Upon receipt by the Company of evidence satisfactory to it of the loss, theft, destruction or mutilation of this Warrant, and (in the case of loss, theft or destruction) receipt of reasonably satisfactory indemnification, and (in the case of mutilation) upon surrender and cancellation of this Warrant, the Company will execute and deliver a new Warrant of like tenor and date and any such lost, stolen, destroyed or mutilated Warrant shall thereupon become void.

 

5.     Rights of the Holder. The Holder shall not, by virtue hereof, be entitled to any rights of a stockholder in the Company, either at law or equity, and the rights of the Holder are limited to those expressed in this Warrant and are not enforceable against the Company except to the extent set forth herein.

 

6.     Protection Against Dilution and Other Adjustments.

 

6.1     Adjustment Mechanism. If an adjustment of the Exercise Price is required pursuant to this Section 6 (other than pursuant to Section 6.4), the Holder shall be entitled to purchase such number of shares of Common Stock as will cause (i) (v) the total number of shares of Common Stock Holder is entitled to purchase pursuant to this Warrant following such adjustment, multiplied by (w) the adjusted Exercise Price per share, to equal the result of (ii) (x) the total number of shares of Common Stock Holder is entitled to purchase before adjustment, multiplied by (y) the total Exercise Price before adjustment.

 

6.2     Capital Adjustments. In case of any stock split or reverse stock split, stock dividend, reclassification of the Common Stock, recapitalization, merger or consolidation (where the Company is not the surviving entity), the provisions of this Section 6 shall be applied as if such capital adjustment event had occurred immediately prior to the date of this Warrant and the original Exercise Price had been fairly allocated to the stock resulting from such capital adjustment; and in other respects the provisions of this Section shall be applied in a fair, equitable and reasonable manner so as to give effect, as nearly as may be, to the purposes hereof. A rights offering to stockholders shall be deemed a stock dividend to the extent of the bargain purchase element of the rights. The Company will not effect any consolidation or merger, unless prior to the consummation thereof, the successor or acquiring entity (if other than the Company) and, if an entity different from the successor or acquiring entity, the entity whose capital stock or assets the holders of the Common Stock of the Company are entitled to receive as a result of such consolidation or merger assumes by written instrument the obligations under this Warrant (including under this Section 6) and the obligations to deliver to the holder of this Warrant such shares of stock, securities or assets as, in accordance with the foregoing provisions, the holder may be entitled to acquire.

 

6.3     Adjustment for Spin Off. If, for any reason, prior to the exercise of this Warrant in full, the Company spins off or otherwise divests itself of a part of its business or operations or disposes all or of a part of its assets in a transaction (the “Spin Off”) in which the Company does not receive compensation for such business, operations or assets, but causes securities of another entity (the “Spin Off Securities”) to be issued to security holders of the Company, then the Company shall cause (i) to be reserved Spin Off Securities equal to the number thereof which would have been issued to the Holder had all of the Holder’s unexercised Warrants outstanding on the record date (the “Record Date”) for determining the amount and number of Spin Off Securities to be issued to security holders of the Company (the “Outstanding Warrants”) been exercised as of the close of business on the Trading Day immediately before the Record Date (the “Reserved Spin Off Shares”), and (ii) to be issued to the Holder on the exercise of all or any of the Outstanding Warrants, such amount of the Reserved Spin Off Shares equal to (x) the Reserved Spin Off Shares, multiplied by (y) a fraction, of which (I) the numerator is the amount of the Outstanding Warrants then being exercised, and (II) the denominator is the amount of the Outstanding Warrants.

 

7.     Transfer to Comply with the Securities Act. This Warrant has not been registered under the Securities Act of 1933, as amended, (the “1933 Act”) and has been issued to the Holder for investment and not with a view to the distribution of either the Warrant or the Warrant Shares. Neither this Warrant nor any of the Warrant Shares or any other security issued or issuable upon exercise of this Warrant may be sold, transferred, pledged or hypothecated in the absence of an effective registration statement under the 1933 Act relating to such security or an opinion of counsel satisfactory to the Company that registration is not required under the 1933 Act. Each certificate for the Warrant, the Warrant Shares and any other security issued or issuable upon exercise of this Warrant shall contain a legend on the face thereof, in form and substance satisfactory to counsel for the Company, setting forth the restrictions on transfer contained in this Section.

 

8.     Supplements and Amendments; Whole Agreement. This Warrant may be amended or supplemented only by an instrument in writing signed by the parties hereto. This Warrant contains the full understanding of the parties hereto with respect to the subject matter hereof and thereof and there are no representations, warranties, agreements or understandings other than expressly contained herein and therein.

 

9.     Governing Law. This Warrant shall be deemed to be a contract made under the laws of the State of Florida for contracts to be wholly performed in such state and without giving effect to the principles thereof regarding the conflict of laws. Each of the parties consents to the jurisdiction of the federal courts whose districts encompass any part of the County of Broward or the state courts of the State of Florida sitting in the County of Broward in connection with any dispute arising under this Warrant and hereby waives, to the maximum extent permitted by law, any objection, including any objection based on forum non conveniens, to the bringing of any such proceeding in such jurisdictions. To the extent determined by such court, the Company shall reimburse the Holder for any reasonable legal fees and disbursements incurred by the Holder in enforcement of or protection of any of its rights under any of the Transaction Agreements.

 

10.     JURY TRIAL WAIVER.  The Company and the Holder hereby waive a trial by jury in any action, proceeding or counterclaim brought by either of the Parties hereto against the other in respect of any matter arising out or in connection with this Warrant.

 

11.     Remedies. The Company stipulates that the remedies at law of the Holder of this Warrant in the event of any default or threatened default by the Company in the performance of or compliance with any of the terms of this Warrant are not and will not be adequate and that, to the fullest extent permitted by law, such terms may be specifically enforced by a decree for the specific performance of any agreement contained herein or by an injunction against a violation of any of the terms hereof or otherwise.

 

12.     Counterparts. This Warrant may be executed in any number of counterparts and each of such counterparts shall for all purposes be deemed to be an original, and all such counterparts shall together constitute but one and the same instrument.

 

13.     Severability. If any one of the provisions contained in this Agreement, for any reason, shall be held invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provision of this Agreement, and this Agreement shall remain in full force and effect and be construed as if the invalid, illegal or unenforceable provision had never been contained herein.

 

14.     Waiver. No waiver of any provision of this Agreement shall be effective unless it is in writing, signed by the party against whom it is asserted and any such written waiver shall only be applicable to the specific instance to which it relates and shall not be deemed to be a continuing or future waiver.

 

2

 

 

15.     Descriptive Headings. Descriptive headings of the several Sections of this Warrant are inserted for convenience only and shall not control or affect the meaning or construction of any of the provisions hereof.

 

IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed by an officer thereunto duly authorized.

 

Dated:                          

 

 

OmniComm Systems, Inc.

 

 

By: ________________________________

 

Thomas E. Vickers     

(Name)

 

Chief Financial Officer

(Title)

 

3

 

 

 

NOTICE OF EXERCISE OF WARRANT

 

TO:     OmniComm Systems, Inc               VIA FAX: (954) 473-1256

2101 W. Commercial Blvd., Suite 3500

Ft. Lauderdale, FL 33309

Attn: CFO

 

 

     The undersigned hereby irrevocably elects to exercise the right, represented by the Common Stock Purchase Warrant Class 20XX, No. X-X-X dated as of           , to purchase ___________ shares of the Common Stock, $0.001 par value (“Common Stock”), of OmniComm Systems, Inc. and tenders herewith payment in accordance with Section 2 of said Common Stock Purchase Warrant, as follows:

 

●               CASH:     $                                                    = (Exercise Price x Exercise Shares)

 

Payment is being made by:

☐      enclosed check

☐     wire transfer

☐     other                                        

	 	
			●

				
			CASHLESS EXERCISE:

			

 

Net number of Warrant Shares to be issued to Holder :     _________*

 

          * based on:      Current Market Value - (Exercise Price x Exercise Shares)     

Market Price of Common Stock

where:

          Market Price of Common Stock [“MP”]          =     $_______________

          Current Market Value [MP x Exercise Shares]     =     $_______________

 

As contemplated by the Warrant, this Notice of Exercise is being sent by facsimile to the telecopier number and officer indicated above.

 

If this Notice of Exercise represents the full exercise of the outstanding balance of the Warrant, the Holder either (1) has previously surrendered the Warrant to the Company or (2) will surrender (or cause to be surrendered) the Warrant to the Company at the address indicated above by express courier within five (5) Trading Days after delivery or facsimile transmission of this Notice of Exercise.

 

The certificates representing the Warrant Shares should be transmitted by the Company to the Holder

 

☐     via express courier, or

 

☐     by electronic transfer

 

after receipt of this Notice of Exercise (by facsimile transmission or otherwise) to:

 

_____________________________________

_____________________________________

_____________________________________

 

 

 

 

Dated: ______________________

 

 

________________________________

Holder’s Name

 

 

4

 

 

 

SCHEDULE OF SUBSTANTIALLY IDENTICAL 

COMMON STOCK PURCHASE WARRANTS

 

Pursuant to Instruction 2 of Item 601(a) of Regulation S-K, the Company has filed only the form of this Common Stock Purchase Warrant although the Company has issued various such Common Stock Purchase Warrants that are substantially identical in all material respects except as to the parties thereto and certain other details. The following Schedule identifies each Common Stock Purchase Warrant that have not been filed (or incorporated by reference) because they are substantially identical in all material respects to the form of Common Stock Purchase Warrant that is being filed, and sets forth the material details in which each omitted Common Stock Purchase Warrant differ from the form of Common Stock Purchase Warrant that is being filed.

 

 

	
			Original Date

			of Issuance

				
			Name of 

			Holder

				
			Amount of 

			Warrants

				
			Exercise 

			Price

				
			Expiration of 

			Warrants

			
	
			February 29, 2016

				
			Cornelis F. Wit

				
			800,000

				
			$0.25 per share

				
			April 1, 2019

			
	
			June 30, 2016

				
			Noesis International

				
			550,000

				
			$0.25 per share

				
			April 1, 2020

			
	
			June 30, 2016

				
			Noesis International

				
			400,000

				
			$0.25 per share

				
			April 1, 2020

			
	
			June 30, 2016

				
			Noesis International

				
			180,000

				
			$0.25 per share

				
			April 1, 2020

			
	
			June 30, 2016

				
			Guus van Kesteren

				
			360,000

				
			$0.25 per share

				
			April 1, 2020

			
	
			June 30, 2016

				
			Ad Klinkenberg

				
			480,000

				
			$0.25 per share

				
			April 1, 2020

			
	
			June 30, 2016

				
			Wim Boegem

				
			1,200,000

				
			$0.25 per share

				
			April 1, 2020

			

 

 

 

5ex_145013.htm

DEED OF SUB-LEASE

 

This DEED OF SUB-LEASE ('Sub-Lease Deed ') is made and executed at Bengaluru

 

Karnataka, India on this the 1st Day of November 2018(01-11-2018):

 

 

 

BY AND BETWEEN:

 

 

 

INNOVENT SPACES PRIVATE LIMITED, a company incorporated under the provisions

 

of the Indian Companies Act 2013, having its office at Plot No 53, Kariyammana Agrahara

 

Road, Devarabisana Halli (Next to Intel Junction Flyover), Outer Ring Road, Bengaluru – 

 

560103 (CIN U45400UP2015PTC068253), represented herein by its Director, Mr. Rishi Das,

 

hereinafter referred to as the ‘Sub-Lessor’, (Which expression shall wherever the context so

 

requires or admits be deemed to mean and include all its directors, successors in interest,

 

administrators, representatives and assigns of the FIRST PART.

 

AND

 

OMNICOMM ECLINICAL SOLUTIONS PRIVATE LIMITED, a company

 

incorporated and validly existing under the provisions of the Companies Act, 2013 and having its

 

Registered office at Indiqube-Eta, No.38/4, Adjacent To Emc2, Dodanekundi Outer Ring

 

Road Bengaluru – 560048, (CIN U72900KA2018FTC115009), represented herein by its

 

Director, Mr. Thomas Edward Vickers hereinafter, referred to as the ‘Sub-Lessee’, (which

 

expression shall wherever the context so requires or admits be deemed to mean and include all

 

its successors in interest, representatives and administrators) of the OTHER PART.

 

1

 

 

 

(Sub-Lessor and Sub-Lessee shall, wherever the context may hereinafter so require, be

 

individually referred to as the ‘Party’ and jointly as the ‘Parties’, as the case may be).

 

 

WHEREAS:

 

Mrs. N. Nirmala residing at #33, Lakshmi Nilaya, 5th cross, 1st phase, Veerabhadra

Nagar, Marathahalli post, Bangalore – 560037,

 

Mrs. N. Shylaja residing at #103, 10th Main, 6th Sector HSR Layout, Bangalore –

560102,

 

Mrs. N. Kanakamma residing at #257, Annapoorneshwari Nilaya, 22 main, JP Nagar 5th

Phase, Bangalore – 560078,

 

Mrs. N. Anila residing at #143/4 CMR Colony, 1st Block HRBR Layout, Kalyanagar

Post, Bangalore– 560043,

 

Mrs. N. Shakuntala residing at #356, Lakshmi Nilaya, Nanjappa Reddy Layout, Koramangala 8th

Block, Bangalore – 560095,

 

Mrs. Rajini. N residing at #601, Nanjappa Reddy Layout, Koramangala 8th Block, Bangalore –

560095,

 

Mrs. Rakesh. M residing at #601, Nanjappa Reddy Layout, Koramangala 8th Block, Bangalore –

560095,

 

Mrs. Kiran Kumar. M residing at#601, Nanjappa Reddy Layout, Koramangala 8th Block,

 

Bangalore – 560095, (‘Owner’) are the owners of a building situated at “Indiqube ETA”

 

Survey Number 38/4, Adjacent to EMC2, Doddanekundi, Outer Ring Road, Bangalore,

 

Karnataka measuring Super Built Area 74000 Square Feet (Approx), situated at, Survey

 

Number 38/4, Adjacent to EMC2, Doddanekundi, Outer Ring Road, Bangalore,

 

Karnataka Consisting of Ground and 6 (six) floors, more fully described in Schedule A

hereto (‘Building’).

 

	
			A.

				
			The Sub-Lessor has acquired leasehold rights in respect of the Schedule “A” Premises by

			

 

virtue of the Lease Deed dated 25-05-2017 executed with the Owner (‘Principal Lease

 

Deed’).

 

2

 

 

 

	
			B.

				
			The Sub-Lessor has been put in possession of the Schedule ‘A’ Premises with the right to

			

 

sub-lease any portion of the schedule ‘A’ Premises as per the terms of the principal

 

Lease Deed;

 

 

	
			C.

				
			The Sub-lessee has expressed its interest in taking on sub-lease a part of the Schedule

			

 

“A” Premises, being the office unit measuring 4800 square feet of Leasable Area, (Defined

 

below under Clause 1), on the Fifth Floor of the Building as shown on the Plan attached

 

hereto as Annexure-1and 600 square feet in common cafeteria along with 5 (Five) car

 

parking space, which is more fully described in the Schedule B hereunder and hereinafter

 

referred to as the “SCHEDULE-B PREMISES” from the Sub-Lessor, for the exclusive

 

use and occupation of the Sub-Lessee on terms and conditions set out herein; and

 

	
			D.

				
			The Sub-Lessor has agreed to grant and the Sub-Lessee has agreed to take from the Sub¬-

			

 

Lessor the Schedule ‘B’ Premises on Sub-lease on the terms and conditions set out

 

herein.

 

NOW THIS DEED OF SUB-LEASE WITNESSETH AND IT IS HEREBY AGREED 

 

BY AND BETWEEN THE PARTIES HERETO AS FOLLOWS:

 

 

 

1.     PREMISE

 

1.1     In consideration of the Rent hereinafter reserved and agreed to be paid by the Sub-

 

Lessee to the Sub-Lessor as set out hereunder and the Parties having agreed to comply

 

with the covenants and conditions mentioned herein, the Sub-Lessor hereby grants BY

 

WAY OF SUB-LEASE to the Sub-Lessee, the Schedule ‘B’ Premises under the terms

 

and conditions set out herein.

 

3

 

 

 

1.2     Leasable Area used in this Deed shall mean the total area for which Rent shall be charged viz;

 

(a) the Built-Up Area of the Schedule ‘B’ Premises including walls and external finish; (b) the

 

balconies and sit-outs of the Schedule ‘B’ Premises; (c) proportionate share of the floor

 

common area such as toilets, AHU rooms, electrical rooms, common passages and common

 

pantry (d) proportionate share of the common areas of the building including lobbies, common

 

amenities and services like lift-wells, staircase, electro mechanical rooms, society rooms, security

 

rooms, etc therein.

 

2.     HANDOVER, TERM AND RENEWAL

 

2.1     The sub-lease of the Schedule ‘B’ Premises granted herein shall come into effect from

 

the date of delivery of possession of the Schedule ‘B’ Premises, which shall be on 24th

 

day of May 2018 (‘Sub-Lease Commencement Date’) and shall remain in effect for a

 

period of 5 (Five) years (‘Term’).

 

2.2 Upon the expiry of the term of Sub-Lease, if the Sub-Lessee wishes to renew the Sub-

 

Lease Deed, the Sub-Lessee shall give an advance written notice of 6(Six) months prior

 

to expiry of the Term. The Sub-Lessor may at its sole discretion renew the Sub-Lease

 

Deed for a further period of 3 (Thee) years on the same terms and conditions as those

 

contained herein, subject to escalation in Rent and other charges. Further it is agreed that,

 

any such renewal will be affected by executing a fresh deed of sub-lease duly stamped

 

and registered by the Sub-Lessee at least 2 (Two) months prior to the expiry of the Term.

 

 

 

3. RENT, RENT COMMENCEMENT DATE AND ESCALATION

 

In consideration of the grant of the Sub-Lease, the Sub-Lessee shall from 24-05-2018

 

pay to the Sub-Lessor Monthly Office Rent and other charges as specified below:

 

4

 

 

 

3.1 Office Rent: The Sub-Lessee shall pay to the Sub-Lessor office rent of Rs.3,50,400/- 

 

(Rupees Three Lakhs Fifty Thousand Four Hundred Only) per month ("Rent"),

 

consisting of office Unit Rent calculated at the rate of Rs.73/- (Rupees Seventy-Three 

 

only) per square feet per month.

 

3.2. Terrace Charges: The sub-lessee shall pay common cafeteria Charges of Rs. 18,000/- 

 

(Rupees Eighteen Thousand Only) per month calculated at the rate of

 

Rs.30/- per square feet on the area of 600 Square feet.

 

3.3. Car Parking Charges: The Sub-Lessee shall pay Car parking charges of Rs. 16,000/- 

 

(Rupees Sixteen Thousand Only) per month for 5 (Five) Car parking space calculated

 

at the rate of Rs. 3,200/- per car parking per month. The Sub-Lessee has been allotted

 

5 (Five) number of dedicated 4 wheeler parking spaces in Basement 1/2/ Surface level of

 

the Building. Any additional car parking shall be charged extra subject to availability. The

 

Two Wheeler and the Wheeler Parking shall be at Sub-Lessee’s risk against any

 

damage, losses, theft etc.

 

3.4. Two Wheeler Parking Charges: The Sub-Lessee has not availed Two Wheeler parking

 

space under this Deed. Four numbers of Two wheeler parking space is equals to one car

 

parking space. Any 2 wheeler parking space if required by the client may be

 

accommodated in the common 2 wheeler parking area in the building, subject to

 

availability at the rate of Rs.850/ - per Two wheeler parking space per month. All

 

payments will attract applicable taxes.

 

3.5.     Rent Payment: The Rent shall be paid on or before the 7th day of every month in

 

advance and shall be subject to deduction of tax at source at applicable rates.

 

5

 

 

 

3.6.     Escalation: There will be escalation the office Rent, escalation on charges towards

 

Cafeteria/Terrace area, Car Parking Spaces and Two-Wheeler parking at the rate of 6%

 

every year after completion of every 12(Twelve) months from the Sub-Lease

 

commencement date over the last rent paid.

 

3.4.     Common Area, Maintenance Charges (‘CAM Charges’): The Sub- Lessee shall, in

 

addition to the Rent, shall bear and pay an amount of Rs. 45,900/- (Rupees Forty Five 

 

Thousand Nine Hundred Only) per month calculated at the rate of Rs.8.5/ - per

 

square feet of Leasable Area of the Office Unit of 4800 Sq. ft plus proportionate

 

common cafeteria of 600 sq. ft as CAM Charges payable from the Sub-Lease

 

Commencement Date. The CAM Charges shall be subject to escalation @10% or

 

higher, every year after completion of every 12 months and shall be paid by the Sub¬

 

Lessee directly to the Sub-Lessor on or before the 7th day of every month in advance. In

 

the event the Monthly Rent, Charges towards Cafeteria/Terrace, CAM, Car Parking

 

Spaces and, Two Wheeler parking or any other sum due from the Sub-Lessee is not paid

 

on the due date, the Sub-Lessee shall be liable to pay interest thereon at the rate of 1.5%

 

per month or part thereof.

 

3.5 Security and House keeping services for the common area of external building shall be

 

maintained by the Sub-Lessor at no extra cost. The Sub-Lessee shall take care of the

 

Housekeeping and Maintenance of the Schedule ‘B’ Premises at the Sub-Lessee's cost. In

 

addition, Sub-Lessee shall be paying for the common wash room cleaning charges of

 

Rs. 8,640/- (Rupees Eight Thousand Six Hundred and Forty Only) per month to

 

the Sub-Lessor calculated at the rate of Rs.1.8/- per square feet per month on the area

 

of 4800 square feet and Pest control charges to the Sub-Lessor at Actuals. For this

 

6

 

 

 

purpose, Sub-Lessor shall be raising separate invoice and it shall be paid within 05 days

 

of submission of invoice. Internal Housekeeping shall be under the scope of Sub-Lessee.

 

3.6. Annual Maintenance Contracts (AMC’s) of all the equipments provided by Sub-Lessor,

 

which includes but not limited to procuring of spare parts shall be within the scope of

 

Sub-Lessor.

 

3.7. Commencing from the Sub-Lease Commencement Date, the Sub-Lessor shall be

 

responsible for the maintenance of list of few items falling within the warranty period of

 

initial 6 (Six) months as detailed under Annexure 4 attached herewith. It is specifically

 

agreed that beyond the warranty period of 6 (Six) months, the Sub-Lessee shall be

 

responsible for the maintenance of the said items.

 

3.8 Applicable Taxes: Goods and Service Taxes or any other taxes as applicable on the

 

Rent and other charges as mentioned in this Sub-Lease Deed (i.e., at the rates as

 

prevalent at the given time) shall be borne by the Sub-Lessee, subject to the Sub-Lessor

 

having obtained necessary registration and giving particulars of the same to the Sub¬-

 

Lessee.

 

3.9 TDS Deductions: The Sub-Lessee shall not be entitled to make any deductions on the

 

Monthly Rent, Charges towards Cafeteria/terrace, Car Parking Spaces and Two-

 

Wheeler parking or other payments due under this Sub-Lease Deed, except to deduct

 

taxes at source in accordance with the provisions of the Income Tax Act or any other

 

law or regulation for the time being in force. The Sub-Lessee shall be obliged to furnish

 

to the Sub-Lessor appropriate certificates for the tax/taxes so deducted from the Rents

 

and other charges within 15 (Fifteen) days of the expiry of each financial quarter.

 

7

 

 

 

4 INTEREST FREE REFUNDABLE SECURITY DEPOSIT (IFRSD)

 

4.1 The Sub-Lessee has agreed to pay to the Sub-Lessor a sum of Rs.30,12,100/- (Rupees 

 

Thirty Lakhs Twelve Thousand One Hundred Only) to the Sub-Lessor as interest

 

free Refundable Security Deposit (hereinafter referred to as the ‘Security Deposit’).

 

The Security Deposit shall be payable by the Sub-Lessee to the Sub-Lessor in the

 

following manner:

 

	 	
			a.

				
			The Sub-Lessee has paid a sum of Rs.30,12,100/- (Rupees Thirty Lakhs 

			

 

Twelve Thousand One Hundred Only) via Cheque No/Wire Transfer

 

NO.000001 dated 28-09-2018 which receipt will be acknowledged by the Sub-

 

Lessor.

 

4.2 The Security Deposit shall be returned by the Sub-Lessor, subject to deduction of such

 

sum as may be due by the Sub-Lessee to the Sub-Lessor in the manner set out in Clause

 

9.1 below.

 

5     Power & Power Back-up & Water:

 

5.1 The Sub-lessor shall charge to sub-lessee as per the below (Fixed + Variable)

 Charges Model:

 

Fixed Charges: Sub-Lessor shall charge to Sub-Lessee an amount of Rs.5 / - per Sq.ft.

 

calculated on leasable area as a fixed charge towards;

 

•     Demand Charges of Raw Power as per the current rate of BESCOM which is

      currently Rs.230/ - KVA Provided Load is 1 KVA per 100 Sq.ft.

 

•     Load Charges of UPS & Provided Load is 1 KVA per 1000 Sq.ft.

 

•     Pro-rata floor & pantry (cafeteria) consumption

 

•     Depreciation & AMC of UPS & Batteries, UPS Room Rent & Power Charges

      of 24 x 7 AC running in UPS Room

 

•     AMC of Installed AC units in dedicated office area

 

•     UPS Loss of Load

 

•     UPS will be provided in N+1 Configuration to ensure continuity during failure of

      any UPS.

 

8

 

 

Variable Charges: Sub-lessor shall charge to Sub-Lessee at the composite rate of-

 

Rs.13.69/- KWH unit consumed. This includes the power through, any of the sources

 

(BESCOM/DG).

 

Additional Charges:

 

•     Extra Load charges for UPS is 2000/KVA per month & for Raw power as per

 

BESCOM per month subject to availability of load & BESCOM approval.

 

•     The above electricity charges are linked to BESCOM & Diesel rate. The charges

 

are subject to change as per BESCOM tariff & Diesel rates.

 

The Sub-Lessee shall pay Electricity Power charges within 3 (Three) days from the date of

 

invoice.

 

5.2     Water charges shall be borne by Sub-Lessee on consumption at actuals. All these charges

 

are exclusive of applicable Tax.

 

5.3     In the event of the failure of the Sub-Lessee to make payments as above within the

 

stipulated time period, the Sub-Lessee shall be liable to pay the said charges along with

 

interest at the rate of 1.5% per month or part thereof from the due date till the date of

 

actual payment. Further, it is agreed that if the delay continues beyond 15 days from the

 

due date, then the Sub-Lessor shall be entitled to discontinue the supply of services to

 

the Schedule ‘B’ Premises till the payments along with interest is received from the Sub-

 

Lessee.

 

6     RIGHTS, OBLIGATIONS AND COVENANTS OF THE SUB-LESSEE

 

6.1     Access to Schedule ‘B’ Premises:

 

6. l. l The employees, officers, clients, and visitors, of the Sub-Lessee shall have free and

 

unimpaired access to the Schedule B” Premises at all times o n a 24-hour basis. The Sub-

 

9

 

 

 

 

Lessee shall be entitled to enjoy the Schedule ‘B’ Premises peacefully as a tenant, to use

 

the entrances, staircases, corridors, passages, vacant land and other areas and, amenities in

 

the Building.

 

6.1.2 The Sub-Lessor shall, if required by the Sub-Lessee provide necessary documents that

 

the authorities may require for enabling the Sub-Lessee to carry on its operations at the

 

Schedule “B” Premises.

 

6.2     Signage:

 

6.2.1 The Sub-Lessee shall be entitled to display their signboards, logos etc. at the Common

 

Building Directory at Reception (The Sub-Lessee shall pay Rs.2,500/-plus applicable

 

taxes to the Sub-Lessor towards the cost of putting signage at Reception as one-time

 

cost). The Sub-Lessee shall be entitled to install exterior Signage at pre-determined space

 

mutually agreed between the Sub-Lessor and the Sub-Lessee. The cost of putting exterior

 

signage shall be borne by the Sub-Lessee. The Sub-Lessee shall not put up signage on the

 

glass façade the entrance of the building and exterior area of the said building. It is

 

specifically agreed that the Sub-Lessor shall be entitled to display/project the Sub-

 

Lessee's Signage for the branding activities of the Sub-Lessor in various marketing and

 

media platforms. Further, the Sub-Lessee shall allow access to the Sub-Lessor to take

 

photos/pictures of the nameboards/Logos/signs of the Sub-Lessee in connection with

 

the said branding activities.

 

6. 2.2     All Signages shall be on prior written approval of the Sub-Lessor.

 

10

 

 

 

6.3 Tele phone, Fax, Internet, Cable Lines, etc.

 

6.3.1     The Sub-Lessee has the right to apply for, obtain and install as many telephones, fax,

 

internet, cable lines, V-Sat and other telecommunication equipments, in the Schedule ‘B’

 

Premises, as they may deem and necessary for their business requirements in their own

 

name, and at their own cost. The Sub-Lessee shall pay the charges pertaining to such

 

telephone, fax and other telecommunication equipments installed directly to the

 

appropriate authorities. The Sub-Lessee shall be entitled to install its V-Sat and other

 

equipments at the terrace of the Building if so required by the Sub-Lessee after taking

 

written consent of the Sub-Lessor and subject to payment of any charges/ taxes etc, to

 

the authorities by Sub-Lessee, in respect of the same and in accordance with the

 

directions issued by the Sub-Lessor in that regard. The area in the Terrace that may be

 

used by the sub-Lessee for installing its equipment as stated above shall not exceed 50

 

sq. ft. The Sub-Lessee shall remove the telephone, fax, Internet, cable lines, equipments

 

etc, so obtained / installed by it on expiry of Sub-Lease or earlier determination thereof.

 

6.4     Minor Repairs and Routine maintenance of the Schedule ‘B’ Premises:

 

6.4.l The Sub-Lessee shall attend to all day to day minor routine repairs such as fuses, leakage

 

of taps, replacement of consumable parts etc in the Schedule ‘B’ Premises at its own cost,

 

as are required to keep the Schedule Premises in good and tenantable condition.

 

6.5     Use of Schedule ‘B’ Premises:

 

6.5.1     The Schedule ‘B’ Premises shall be used for carrying on the Sub-Lessee's business/office

 

purpose only. The Sub-Lessee shall use the Schedule ‘B’ Premises in accordance with the

 

Tenant operating guidelines of the Sub-Lessor. The Tenant operating guidelines are

 

11

 

 

 

subject to revision/amendments by the Sub-Lessor from time to time and shall be

 

adhered to by the Sub-Lessee. The Sub-Lessee shall not be permitted to carry on any

 

other activity other than for its business purpose as mentioned above. The Sub-Lessee

 

shall obtain prior written consent of the Sub-Lessor in the event of any change in the

 

nature of its business in the Schedule ‘B’ Premises.

 

6.5.2 The Sub-Lessee is not permitted to carry out any renovation works or make any

 

additions or alterations to the Schedule ‘B’ Premises without the Sub-Lessor’s prior

 

written consent. The Sub-Lessee shall not be permitted to do any structural alterations or

 

any alterations to the exterior and elevation of the Building. In the event of the Sub-

 

Lessor permitting any renovation or additions or alterations, the Sub-Lessee shall pay

 

such amount as may be decided by the Sub-Lessor as an additional deposit as security for

 

any damage caused to the Schedule ‘B’ Premises or the Building during the course of

 

such alteration, and addition works. Further, Sub- Lessee shall adhere to the Tenant

 

Operating Guidelines of the Sub-Lessor during the course of carrying out any such non-

 

structural alterations. However, it shall be the responsibility of the Sub-Lessee to clear

 

and dispose all debris and waste materials resulting from such renovation or additions or

 

alterations.

 

6.5.3 The Sub-Lessee shall not store or bring into the Schedule ‘B’ Premises 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.

 

6.5.4 The Sub-Lessee shall at all times comply with the relevant laws and regulations and the

 

directions of the relevant governmental and statutory authorities and shall not carry out

 

12

 

 

or permitted to carryout in any part of the Schedule ‘B’ Premises, or the Building any

 

offensive, illegal or unlawful manufacture, business or activities.

 

6.5.5     The Sub-Lessee shall always observe, perform and abide by all the rules, regulations and

 

Tenant Operating Guidelines/amendments, by-laws of Association etc, of the Sub-

 

Lessor which may be put in place from time to time for the effective management,

 

control and maintenance of the Building.

 

6.5.6     The Sub-Lessee shall not damage or allow damage to be done to the Schedule ‘B’.

 

Premises or Building.

 

6.5.7     The Sub-Lessee shall keep the Schedule “B” Premises clean and usable and shall maintain

 

at their cost the Schedule “B” Premises in a state of good repair;

 

6.5.8     The Sub-Lessee shall on regular basis and at its own costs and expenses maintain the

 

fixtures, furnitures, carpets, and interiors etc, installed by the Sub-Lessor in the Schedule “B”

 

Premises. The detailed scope of maintenance to be carried out by the Sub-Lessee within

 

the Schedule “B” Premises is attached hereto as Annexure -2.

 

6.5.9     The Sub-Lessee shall not do any acts, deeds or things which may cause any annoyance

 

or nuisance to the co-occupants of the Building.

 

6.5.10     The Sub-Lessee acknowledges that the Sub-Lessor or the Owner shall be entitled to

 

make additions, alterations and repairs of the interiors, base-built equipments and the

 

building. The Sub-Lessee shall provide necessary co-operations in conducting all such

 

works.

 

6.5.11      The Sub-Lessee shall obtain at its own costs, suitable insurance policies to cover as

 

under;

 

13

 

 

 

	
			i)

				
			in respect of its belongings/items, insurance against fire, theft, vandalism and such other

			

insurable hazards

 

	
			ii)

				
			comprehensive public and third-party liability insurance, insuring the Sub-Lessee's legal

			

liabilities towards public/third party, arising out of bodily injuries and/or damage to the

Sub-Lessor's property due to accident within the Schedule ‘B’ Premises

 

iii)           insurance to cover its liability towards its employees

 

	
			iii)

				
			Insurance Policies obtained by the Sub-Lessor are exclusively to cover the loss and/or

			

damage to the property belonging to the Sub-Lessor and legal liability of the Sub-Lessor

alone towards the public. Under no circumstances, shall the Sub-Lessor be liable or

responsible for the consequences of any negligence on the part of the Sub-Lessee or for

the damages to the Sub-Lessee's belongings in the Schedule ‘B’ Premises and the Liability

accruing on the Sub-Lessee due to its business activities in the Schedule ‘B’ Premises

 

6.6     Sub-leasing/letting Schedule ‘B’ Premises:

 

6.6.1 The Sub-Lessee shall not be entitled to further sub-lease, assign, sub-let, grant leave or

 

license or part with possession of the Schedule “B” Premises or any portion thereof to

 

anybody or entity in any manner whatsoever and any violation of this clause shall

 

constitute a critical breach of the Sub-Lease, resulting in immediate and automatic

 

termination thereof.

 

7.     COVENANTS, RIGHTS AND OBLIGATIONS OF THE SUB-LESSOR:

 

7.1     The Sub-Lessor represents as follows:

 

7.1.1 The Owner has clear and marketable title and authority to lease out the Schedule “A”

 

Premises and the Schedule “A” Premises has been lawfully leased out to the Sub-1essor

 

and that the Sub-Lessor has not entered into any sub-lease, license or other transaction in

 

respect of the Schedule “B” Premises or any part thereof with any other person or third

 

party.

 

14

 

 

 

7.l.2 That the Sub-Lessor holds legal and valid Leasehold rights over the Schedule “B”

 

Premises and have full right and authority to grant sub-lease of the Schedule “B” Premises

 

to the Sub- Lessee in terms hereof.

 

7.1.3 No agreements have been entered into that would in any manner affect the occupation

 

and use of the Schedule “B” Premises by the Sub-Lessee.

 

7.1.4 The Sub-1essor shall subject to payment of Rent, Utility Charges and CAM Charges and

 

all other amounts payable under this Sub-Lease Deed, by the Sub-Lessee, shall ensure

 

that power; water and sewerage facilities are available during the Term of this Sub-Lease.

 

In particular, but without prejudice to the generality of the above, the Sub-Lessor and the

 

Owner shall ensure the electricity and water bills in respect of the Building are paid

 

and remitted in a timely and efficient manner.

 

7.1 .5 The Owner has paid the Property tax, electricity and water charges, if any and all other

 

outgoings in respect of the Building up to date and there are no dues as on this date .

 

7.1.6      There are no restrictions for the bonding of the portion of Schedule ‘B’ Premises as a

 

customs bonded warehouse. However, on expiry or termination of this Deed, the Sub-

 

Lessee shall be liable to de-bond the Schedule “B” Premises and handover back to the

 

Sub-Lessor in the condition as agreed under this Deed. In Particular, the Schedule ‘B’

 

Premises has not been subject matter of any such bonding prior to the execution of this

 

Sub-Lease.

 

7.1.7     Taxes & Outgoings:

 

The Owners have agreed to bear and pay all municipal taxes, property taxes and other

 

taxes, levies, cesses, outgoings and charges payable in respect of the Schedule ‘B’

 

15

 

 

 

Premises other than those agreed to be paid by the Sub-Lessee under this Deed and any

 

increase /enhancement thereto, directly to the concerned authorities.

 

7.1.8     At the time of handing over of the vacant possession of the Schedule ‘B’ Premises, if any

 

bills/outgoings are due and payable to any person or authorities for utility and other

 

services provided to the Sub-Lessee in the Schedule “B” Premises, the Sub- Lessor shall be

 

entitled to deduct the amounts from the Security Deposit of the Sub- Lessee and return

 

the balance to the Sub-Lessee.

 

7.2     Repairs and Rectification:

 

7.2.1     Rectification of Defects: All structural shall be rectified by the Owner and if the

 

Owner fails to carry out necessary repairs, the Sub-Lessor shall rectify the same, at its

 

own cost, during the term of the Sub-Lease and any renewal thereof.

 

7.2.2     Repairs: The Sub-Lessor shall, at its expense, carry out all major and structural repairs

 

and maintain in good condition the roof and walls of the Schedule ‘B’ Premises, and be

 

responsible for repairs relating to leakage of roof, damage to the walls, bursting of water

 

pipes or defective sewerage system in the Schedule “B” Premises. 1f the Sub-Lessee causes

 

any damage to the Schedule ‘B’ Premises, the same shall be rectified at the cost of the

 

Sub-Lessee.

 

7.2.3     Access to Schedule ‘B’ Premises: The Sub -Lessee shall upon not less than Twenty Four

 

(24) hours' notice in writing from the Sub-Lessor; permit the Sub-Lessor, its authorized

 

agents or representatives to enter upon the Schedule “B” Premises for inspecting the

 

state and condition of the Schedule “B” Premises or to carry out any repairs as may be

 

required from time to time. The Sub-Lessor shall on inspection, call for reports of

 

16

 

 

 

Maintenance/supporting documents from the Sub-Lessee with regard to the

 

maintenance being carried out within the Schedule “B” Premises. The Sub-Lessee shall

 

provide said reports and supporting documents and co-operate with the Sub-Lessor

 

during inspection. The Sub-Lessor shall also have a right to enter the Schedule ‘B’

 

Premises, without notice, at any point of time, if necessary to carry out any emergency

 

repairs or to take any steps as may be necessary for ensuring the safety and security of

 

the Building. The Sub-Lessor shall undertake best efforts to ensure that it does not cause

 

any disturbance to the Sub -Lessee's operations during such inspection and /or repair.

 

Further it is specifically agreed that 6 (Six) months prior to termination/expiry of the

 

Sub-Lease Deed, the Sub-Lessee shall upon 24 (Twenty Four) notice from the Sub-Lessor

 

allow the Sub-Lessor, its representatives or prospective tenants to access the Schedule ‘B’

 

Premises for inspection if any of the prospective tenants intend to take the Schedule ‘B’

 

Premises on Sub-Lease and the Sub-Lessee shall not make any objections for the same.

 

7.2.4     The Sub-Lessee shall maintain the fit outs and furniture in good condition, subject to

 

normal wear and tear. (physical damages falling outside the purview of Normal Wear and

 

Tear are more fully described under annexure-3 attached hereto and the same shall be

 

rectified/repaired by the Sub-Lessee at its own costs, failing which it shall be construed

 

as breach by the Sub-Lessee and the Sub-Lessor shall be constrained to rectify the same

 

and recover the costs incurred from the Security Deposit). The Sub-Lessor shall not be

 

responsible for the maintenance of the same. The Sub-Lessee shall be responsible for all

 

repairs of the said fit outs and furniture except to HVAC system, including periodic and

 

preventive maintenance to ensure that the fit outs and furniture are kept in good and

 

serviceable condition until possession of the Schedule “B” Premises is returned to the

 

Sub-Lessor in accordance with this deed.

 

17

 

 

 

8     TERMINATION AND LOCK-IN

 

8.1     Subject to Clause 8.2 below, the parties shall not be entitled to terminate this Sub-Lease

 

Deed for a period of 30 (Thirty) months, exclusive of 3 (Three) months prior period

 

notice for Termination from the Lease Commencement Date (“Lock-in Period”).

 

The Sub-Lessee and the Sub-Lessor shall not have the right to terminate the sub-lease

 

during the lock-in period without cause except in case of a breach by Owner in which

 

case Sub-Lessee is not liable for any termination penalty.

 

In the event of the Sub-Lessee terminating the Sub-Lease during the Lock-in Period or

 

causing the Sub-Lease deed to be terminated by the Sub-Lessor due to the breach of the

 

Sub-Lessee, the Sub-Lessee shall be bound to pay to the Sub-Lessor the Monthly Rent,

 

Charges towards Cafeteria/terraces, Car Parking Spaces, Two-Wheeler parking and any

 

other amounts due under this Sub-Lease Deed for the remaining period of the Lock-in

 

Period. The Sub-Lessor may deduct the amount so payable from the Security Deposit in

 

case, the above mentioned balance amount is not paid by the Sub-Lessee.

 

Subsequent to the expiry of the Lock-in Period, the Sub-Lessee or Sub-Lessor shall be

 

entitled to terminate the Sub-Lease Deed by giving written notice of 3 (Three) months

 

(“Termination Notice”).

 

8.2     In the event of either Party (“Defaulting Party”) committing any breach of any of the

 

terms and conditions of the Sub-Lease Deed the other Party (“Aggrieved Party”) shall be

 

entitled to terminate the Sub-Lease Deed by prior written notice of 30 days, provided the

 

breach complained of is not cured at the end of the notice period to the satisfaction of

 

the aggrieved Party.

 

18

 

 

 

8.3     The Sub-Lessee agrees that it is bound and liable to hand over full and free possession of

 

the Schedule “B” Premises with fit out and furniture to the Sub-Lessor upon the expiry or

 

earlier termination of the Sub-Lease in the same condition as on the Sub-Lease

 

Commencement Date, subject to normal wear and tear that is consistent with their

 

maintenance obligations.

 

9     SURRENDER OF SCHEDULE “B” PREMISES:

 

9. l Damages to the Schedule “B” Premises: Upon expiry of the Sub-Lease Term or earlier

 

termination of this sub-lease deed, the Sub-Lessee shall restore the flooring, installed

 

equipments, branding and signage materials to its original condition which are installed

 

by the Sub-Lessee including furniture, fixtures and fit-outs. In the event of failure to

 

restore the same into its original condition to the satisfaction to the Sub -Lessor, in such

 

case the Sub-Lessor shall be entitled to deduct cost of such damages from the Security

 

Deposit for removal of any installed equipments, furniture's, fixtures and fit-outs,

 

flooring, branding and signage materials, repairs, refurbish and to restore Schedule “B”

 

Premises to its original condition.

 

9.2     Within 30 (Thirty) days from the date of return of the possession of the Schedule “B”

 

Premises, the Sub-Lessor shall refund the Security Deposit to the Sub-Lessee, subject to

 

deduction of any arrears of all the Rent, electricity charges, CAM Charges or any other

 

claims that the Sub-Lessor might have under this Deed. The Sub-Lessor shall also be

 

entitled to retain any amount that may be necessary to repair, refurbish or return the

 

Schedule “B” Premises and the fit outs and furniture to their original condition, in the

 

event of any loss, damage or excessive wear and tear caused by the Sub-Lessee. The

 

19

 

 

 

Security Deposit shall be repaid to the Sub-Lessee by way of a demand draft/

 

Online/ Cheque.

 

9.4 If there are any outstanding amounts to be paid by the Sub-Lessee and the Security

 

Deposit falls short, the said outstanding amounts shall be paid immediately by the Sub-

 

Lessee failing which the Sub-Lessor shall be entitled for the said outstanding amount at

 

the rate of l .5% per month and shall also be entitled for all remedies avaib1ble to it under

 

the law. In the event if the Sub-Lessee fails to return possession upon the termination of

 

this Sub-Lease Deed by efflux of time or otherwise, the Sub-Lessee shall be liable to pay

 

damages to the Sub-Lessor twice of the office Rent, Charges towards Cafeteria/Terrace,

 

Car Parking Spaces and Two-wheeler Charges and CAM Charges along with Utility bills

 

per day until the possession has been handed over. During this period, there shall be no

 

obligation upon on the Sub- Lessor to provide any utilities or maintenance or other services

 

to the Sub-Lessee, but it is made clear that the Sub-Lessor may provide such services and

 

that the provision of such services and charging thereof shall not in itself amount to an

 

extension/renewal of the Sub-Lease Deed.

 

9.5     In the event the Security Deposit is not refunded to the Sub-Lessee in terms of Clause

 

9.2 above, the Sub-Lessor shall be liable to pay interest on the said outstanding sum at

 

the rate of 1.5% per month from the date of return of the possession of the Schedule 'B'

 

Premises until repayment of the Security Deposit.

 

10     DISPUTE RESOLUTION:

 

10.1 If any dispute or difference relating to or arising under this Sub-Lease Deed arises

 

between the Sub-Lessor and the Sub-Lessee during the period of Sub-Lease or upon the

 

expiry of the said Sub-Lease, the same shall be referred to arbitration in accordance with

 

20

 

 

 

the provisions of the Arbitration and Conciliation Act, 1996 for the time being In force.

 

Arbitration shall be by a sole arbitrator to be appointed jointly by the Sub- Lessor and

 

Sub-Lessee on mutual consent, whose decision shall be final and binding. The arbitration

 

shall be conducted in English language and venue shall be at Bengaluru. It is also

 

understood between the parties herein that a default in payment of Rent, charges and/or

 

other payments agreed to be paid by the Sub- Lessee shall be construed as a dispute or

 

difference arising under the Sub-Lease Deed.

 

10.2 Subject to the provisions of the foregoing clause, this Deed shall be subject to the

 

exclusive jurisdiction of the courts at Bangalore, Karnataka, India and shall be subject to

 

the laws applicable in India.

 

11     FORCE MAJEURE:

 

11.1 Notwithstanding anything contained in this Deed of Sub-Lease, neither Party shall be

 

liable to the other for failure to perform part any or all of its obligations under this Deed

 

of Sub-Lease to the extent that such failure is caused by a Force Majeure Event defined

 

hereinafter and to the extent such failure is during or for the period of such event,

 

provided that the Party so prevented gives the other Party a notice specifying the nature

 

of the of Force Majeure event and its likely consequences, within 30 (thirty) days of the

 

occurrence of the Force Majeure event.

 

11.2 Force Majeure Event shall mean any act, event or circumstance or a combination

 

thereof which are beyond the reasonable control of the Parties and which the Parties

 

could not have prevented by the exercise of reasonable skill and care and which, or any

 

consequences of which, prevents or delays, in whole or in part, the performance of its

 

obligations under this Deed, such acts being any acts of God, acts of war (whether

 

21

 

 

 

declared or undeclared), invasion, armed conflict or act of foreign enemy, blockade, embargo,

 

revolution, insurrection, terrorist or military action, coup d'etat, sabotage or

 

riots.

 

12     INDEMNITY:

 

12.1 Each Party shall defend, indemnify, and hold harmless the other Party from and against

 

any claim, liability, demand, loss, damage, judgment or other obligation or right of action,

 

which may arise as a result of reach of the terms and conditions of this Deed of Sub-

 

Lease by such Party.

 

13     BUSINESS ACQUISITION, MERGER, DEMERGER

 

In the event of the Sub-Lessor's business is acquired, taken over, merged or demerged with

 

or into another company, the Sub-Lessor shall be entitled to transfer assets and assign this

 

Sub-Lease to the said company, provided such assignment is subject to rights of the Sub-

 

Lessee under this Deed and the terms and conditions of this Deed are binding on the said

 

company, including renewal term.

 

14 NOTICES:

 

14.1 Any notice required to be issued or given as per the provisions of this Agreement, will be

 

deemed to have been served at the end of three working days after the issuance of such

 

notice by registered post acknowledgement due, addressed to the address mentioned below:

 

In respect of the Sub-Lessee:

 

OMNICOMM ECLINICAL SOLUTIONS PRIVATE LIMITED,

 

Indiqube-Eta, No.38 / 4,

 

Adjacent To Emc2,

 

22

 

 

 

Doddanekundi Outer Ring Road,

 

Bengaluru - 560048.

 

Represented by its Director Mr. Thomas Edward Vickers

 

In respect of the Sub-Lessor:

 

Innovent Spaces Private Limited.

 

Plot No 53, Kariyammana Agrahara Road,

 

Devarabisana Halli (Next to Intel junction Flyover),

 

Outer Ring Road, Bangalore-560103.

 

Represented by its Director Mr. Rishi Das.

 

 

15 MISCELLANEOUS:

 

15.1 This Sub-Lease Deed has been executed in two sets, the original being retained by the

 

Sub-Lessee and the duplicate by the Sub-Lessor.

 

15.2 The stamp duty and registration charges or any other incidental charge related to

 

registration payable in respect of this Sub-Lease Deed shall be borne and paid by the

 

Sub-Lessee. The Sub-Lessee shall be responsible for making all requisite arrangements

 

for registration of this Deed of Sub-Lease. The Sub-Lessee shall extend all requisite co-

 

operations to secure registration of the Sub-Lease Deed under the provisions of the

 

Registration Act, 1908.

 

15.3 No part of this Sub-Lease Deed shall be amended, varied, substituted or changed in any

 

manner except by a written instrument duly signed by both Parties.

 

15.4 This Sub-Lease Deed constitute the entire agreement and understanding of the Parties in

 

respect of this Sub-Lease and supersedes any and all prior negotiations, correspondence,

 

23

 

 

 

agreements, understanding duties or obligations between the Parties in respect hereof.

 

This Sub-Lease Deed and shall be read as part and parcel of the same transaction.

 

SCHEDULE 'A' PREMISES

 

All that piece and parcel of immovable property comprising of 3 Basements, Ground Floor plus

 

6 upper floor, of the building known “INDIQUBE ETA” (“Building”), constructed on property

 

bearing Survey Number 38/4, adjacent to EMC2, Doddanekundi, Outer Ring Road, Bangalore

 

having a super built-up area of measuring 74000 Square Feet and bounded as follows:

 

North : Land of Survey no. 61 &60

 

South : Outer Ring Road

 

East : Remaining land of Survey no. 38/4

 

West : Survey no. 38/3;

 

SCHEDULE 'B' PREMISES

 

(Hereby granted for Sub-Lease)

 

All that Office Unit measuring 4800 square feet (Leasable Area) on the Fifth Floor of the

 

building known as 'INDIQUBE-ETA' and 600 sq. ft common cafeteria area along with 5(Five)

 

car Parking space, constructed on the property bearing Survey Number 38/4, Adjacent to

 

EMC2, Doddanekundi, Outer Ring Road, Bangalore, Karnataka.

 

24

 

 

 

 

IN WITNESS WHEREOF THE SUB-LESSOR AND THE SUB-LESSEE HAVE AFFIXED 

THEIR SIGNATURES TO THIS DEED OF SUB-LEASE ON THE DAY, MONTH AND 

YEAR FIRST ABOVE MENTIONED IN THE PRESENCE OF THE FOLLOWING WITNESSES:

 

 

	
			SUB-LESSOR

				
			SUB-LESSEE

			
	
			For Innovent Spaces Private Limited

			 

			 

			 

			 

			 

			/s/ Rishi Das 

			Name: Mr. Rishi Das

			 

			Designation: Director

				
			For OmniComm eClinical Solutions Pvt. Ltd.

			 

			 

			 

			 

			 

			/s/ Thomas Edward Vickers 

			Name: Mr. Thomas Edward Vickers

			 

			Designation: Director

			 

			
	 
	
			WITNESSES

			
	
			1.

			 

			________________________________________

			Name:

			Address:

				
			2.

			 

			________________________________________

			Name:

			Address:

			

 

 

25

 

 

 

 

ANNEXURES-1

 

Floor Plan

 

26

 

 

 

 

ANNEXURE-2

 

Scope of Maintenance by Sub- Lessee within the Schedule 'B' Premises on a regular basis.

 

	
			SL.NO

				
			Description

				
			Frequency of Service

				
			AMCs to be taken

			
	
			01

				
			Carpet Shampooing

				
			Quarterly

				 	
			General Services

			
	
			02

				
			Chair Shampooing

				
			Quarterly

				 	
			General Services

			
	
			03

				
			Chair maintenance

				
			Monthly

				 
	
			04

				
			Window Blinds maintenance

				
			Monthly

				 
	
			05

				
			Painting of the Schedule ' B' Premises

				
			Annually

				
			General Services

			
	
			06

				
			Facility maintenance

			 

			(Electrical, Carpentry &

			Plumbing)

				
			Weekly

				
			General Services

			
	
			07

				
			Floor Spring & Door closure maintenance

				
			Monthly

				 
	
			08

				
			Pest Control

				
			Monthly

				
			General Services

			
	
			09

				
			Fixtures & Furniture maintenance

				
			Monthly

				
			General Services

			
	
			10

				
			Restroom maintenance

				
			Daily

				
			General Services

			
	
			11

				
			Deep Cleaning

				
			Weekly

				
			General Services

			

 

 

27

 

 

 

 

ANNEXURE-3

 

Physical Damage to below listed assets will not be covered under Normal Wear and Tear

 

1.     Carpet

2.     Glass doors

3.     Writing boards

4.     Work stations

5.     Chairs

6.     Tables

7.     Flooring

8.     Walls

9.     Plumbing assets (Wash basins, Taps, sinks, W/C's, plumbing lines etc.)

10.     Window Blinds.

11.     Printers

12.     Cupboards or any storage equipment.

13.     HVAC Assets.

14.     Furnitures & Fixtures

15.     Damages to cables

16.     Damages to server racks

17.     Doors, door closures, floor springs, door handles, etc.

18.     Fire extinguishers

19.     Light fixtures

20.     Electrical panels

21.     Gardening assets

 

ANNEXURE 4

 

Maintenance by the Sub-Lessor within the warranty period of initial 6(Six) months

 

 

	
			SI. No

				
			Description

				 	
			Scope of Maintenance

			
	
			01

				
			Light Fittings

				
			If any of the light fittings are not operational that will be under the scope of Sub-Lessor and will be changed accordingly.

			
	
			02

				
			Chairs

				
			Maintenance will be under scope of Sub-Lessor, except physical damage, which will be charged to the Sub-Lessee

			
	
			03

				
			Window blinds

				
			Maintenance will be under scope of Sub-Lessor, except physical damage which will be charged to the Sub-Lessee

			
	
			04

				
			Floor Spring & Door closure

				
			Maintenance will be under scope of Sub-Lessor.

			

 

 

28

 

 

 

 

	
			05

				
			 Pedestal locks

				
			If pedestal locks are not working then the replacement will be under scope of Sub-Lessor, but if the Sub-Lessee loses the keys then the cost of replacement will be under the scope of Sub-Lessee

			
	
			06

				
			Electrical system

				
			which includes (Switches, sockets, MCB etc) will be under scope of Sub-Lessor

			
	
			07

				
			Pantry Plumbing

				
			Maintenance of plumbing system in pantry will be under scope of Sub-Lessor

			
	
			08

				
			Dedicated restroom

				
			Maintenance of plumbing system in dedicated restroom will be under scope of Sub-Lessor

			
	
			09

				
			Furniture & Workstations

				
			Maintenance of Furnitures and Workstations will be under scope of Sub-Lessor, except physical damage which will be charged to the Sub-Lessee

			

 

 

Exclusions:

 

1.     Designer Lights: Warranty of the lights will be as provided by the manufacturers

 

2.     Sofa set maintenance will not be covered under scope of Sub-Lessor

 

3.     Break out areas are not covered under scope of Sub-Lessor

 

 

NOTE: Furnitures, chairs & Workstation warranty are covered only if Sub-Lessor has 

provided the assets to the client.

 

 

29

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