Document:

Ex-4.6 Leave and Licence Agreement

 

Exhibit 4.6

LEAVE AND LICENCE AGREEMENT

     THIS AGREEMENT made on this 10th  day of November 2005, between GODREJ &
BOYCE MANUFACTURING COMPANY LTD., a Company incorporated under the provisions of the Indian
Companies Act, 1913, and having its Registered Office at Pirojshanagar, Vikhroli, Mumbai 400 079
(hereinafter referred to as the “Licensor”), of the ONE PART, and WNS GLOBAL SERVICES PVT. LTD., a
Limited Company incorporated under the Companies Act, 1956, and having its Registered Office Pl-10,
Godrej & Boyce Complex, Vikhroli (W), Mumbai- 400 079, [hereinafter referred to as “the Licensee”)
of the OTHER PART.

The “Licensor” and the “Licensee” are hereinafter together always referred to as the “Parties” and
are individually, when necessary, referred to as “Party”.

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RECITALS

WHEREAS the Licensor is the owner of and absolutely seized & possessed of and/or otherwise well and
sufficiently entitled to all those lands lying being and situate at Pirojshanagar, Vikhroli, Mumbai
- 400 079, on which lands the Licensor has built and constructed several industrial sheds and
office blocks (hereinafter referred to as “the Larger Premises”)

AND WHEREAS the Licensor has constructed Plant no. 10 building admeasuring about 85,000 Sq. Ft.,
constructed on the Survey No.57 (pt) of Village Vikhroli corresponding to CTS No. 7 (pt) and 67
(pt)

AND WHEREAS the Licensee is desirous of using and occupying 20,360 sq. ft. lying and situate at the
Upper Floor of the Building Plant No. (Industrial Shed No.) 10 as aforesaid delineated in red in
the Plan annexed and more particularly described in the Schedule hereto (hereinafter referred to as
“the Licensed Premises”).

AND WHEREAS the Licensee has requested the Licensor to permit the Licensee to use and occupy the
Licensed Premises which request has been acceded to by the Licensor and the Parties hereto have
agreed to enter into a Leave & License Agreement in the manner following.

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

Article 1 — The Licence

	1.1	 	The Licensor hereby permits the Licensee to use and occupy the Licensed Premises and the
Licensee hereby agrees to use the Licensed Premises as a Licensee for carrying out its
professional services business, including Computer software and IT enabled services for a
period of 33 months from 16th August 2005 ending on 15th May
2008, on the terms and conditions hereinafter contained and on the part of the
Licensee to be observed and performed.
	 
	1.2	 	It is expressly agreed by and between the Parties that juridical possession of the Licensed
Premises shall be always that of the Licensor. The Licensee is granted a personal,
non-transferable and non-assignable licence to use the Licensed Premises on the terms and
conditions stated herein.
	 
	1.3	 	It is the express, real and true intention of both the Parties that this Agreement shall be a
licence only according to the terms hereof, and that the Licensor shall have free and
unobstructed access to the Licensed Premises during working hours, with adequate prior notice
to the Licensee and without inconveniencing the Licensee in any way. Provided always that the
Licensor shall not interfere with the work or operation of the Licensee being lawfully carried
on in the Licensed Premises.
	 
	1.4	 	The Licensee shall at any time and from time to time, prior to and during the subsistence of
the agreement, be at liberty to carry out make and effect upon the Licensed Premises such
addition, alterations, renovation and improvement to the Licensed premises (especially that of
structural / material addition and alteration) only with the prior written consent of the
Licensor and such requests shall not be denied unless they are of a nature that are
detrimental to the structural safety of the building or in violation of local laws or
regulations . Save and except any changes that

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	 	 	have been carried out with the approval of the Licensor, the Licensed Premises shall be left
or returned in more or less the same condition in which they were at the time when the
Licensee was inducted in the Licensed Premises, subject to reasonable wear and tear
attributable to normal use for the business. The Licensee shall further ensure that such
additions fixtures fittings alterations or improvements do not damage any part of the
License Premises or any load bearing structural member of the Licensed Premises.
	 
	1.5	 	On the expiry or sooner determination/termination of this Agreement the Licensee shall remove
itself, its employees, representatives, servants and agents from the Licensed Premises, which
shall save and except changes approved by the Licensor, be in the minimum in the same
condition in which the Licensed Premises was on the date of this Agreement, subject to
reasonable wear and tear attributable to normal use for the business, Provided Further that
the Licensee shall be entitled to leave any of its furniture, fittings, fixtures, leasehold
improvements and approved alterations as well as to remove its records and all other
belongings from the Licensed Premises on the expiry or sooner determination of this Agreement.
	 
	1.6	 	The Licensee shall have in common with the Licensor and its servants, agents, staff,
employees, suppliers, customers and bona fide visitors, and its own servants, agents, staff,
employees, suppliers, customers and bona fide visitors, the non-exclusive licence to have
ingress and egress from the Licensed Premises. Such non-exclusive ingress or egress shall in
no way be deemed to confer on the Licensee any right of easement relating to or running with
the land or on any other grounds or any other rights whatsoever. The Licensee undertakes to
the Licensor that it shall be exclusively responsible and liable for all acts of commission
and omissions of its servants, agents, staff, employees, suppliers, customers and bona fide
visitors of the Licensee for or in respect of damage, loss, costs, or either harm or injury
caused to any property of the Licensor or to any other Licensees of the Licensor, its/their
servants, agents, staff, employees, suppliers, customers and bona fide visitors in the
Licensed Premises.
	 
	1.7	 	The Licensee may, at its own cost, put up two sign-boards indicating its name, on the
exterior of the Licensed Premises, Provided that the dimensions and exact location of such
sign boards shall be intimated, in advance, to the Licensor for its approval and that such
approval should be obtained, in writing, Provided However, that such approval shall not be
unreasonably withheld. Such signboards should not cause any damage to the facade of the
Licensed Premises and shall not contravene any local laws or regulations.
	 
	1.8	 	The Licensee shall be entitled to apply and obtain at its own cost separate telephone lines
and any other telecom infrastructure The Licensee shall have the right to surrender the said
separate telephone lines to the telephone company on or before the expiry of the license. The
Licensor shall give the necessary No Objection and/or consent to enable the Licensee to obtain
the separate telephone lines, leased lines and other telecom infrastructure.
	 
	1.9	 	The Parties agree that on the basis of the express assurances and undertakings mentioned
herein the Licensor has agreed to grant to the Licensee, the present licence to use and occupy
the Licensed Premises.

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	1.10	 	The Licensee shall be allowed for use by it and its officers, agents, staff, employees,
suppliers, customers and bona fide visitors Ten (10) car parking spaces for parking in front
of the Licensed Premises and an additional Ten [10) Car parking spaces located in the vicinity
reserved exclusively for the Licensee and its officers, agents, staff, employees, suppliers,
customers and bona fide visitors.

Article 2 — Licence Fee

	 	 	The Licensee shall pay to the Licensor during the term of this Agreement a monthly licence
fee or compensation of Rs.2,03,600/- (Rupees Two Lakh Three Thousand Six Hundred only ) (the
“Licence Fee”) less deduction on account of income-tax deductible at source under the
provisions of Income-Tax Act, 1961 and Rules made thereunder, as applicable.

Article 3 — Licensee’s Obligations

	3.1	 	The Licensee shall pay the Licence Fee in advance on or before the 7th day of each English
calendar month.
	 
	3.2	 	The Licensee shall observe, perform, conform and comply with and carry out at its own cost in
so far as the Licensed Premises are concerned, terms and conditions thereof and provisions,
requirements of such acts, rules, regulations, notifications and notices which may, from time
to time, be or made applicable or may be issued and certified in respect of the Licensed
Premises by Union of India, State of Maharashtra, Municipal Corporation of Greater Mumbai
and/or any local or public authority (except such of the provisions and requirements thereof
as may involve structural alteration in the Licensed Premises or any part thereof) and shall,
at all times indemnify and keep always indemnified the Licensor from and against all
liabilities, costs, charges and expenses in respect of non-observance, non-performance and
non-compliance thereof.
	 
	3.3	 	The Licensee will keep the interior of the Licensed Premises and every part thereof including
doors, windows, shutters, pipes, including existing false ceiling, air conditioning ducting
etc., and all additions and improvements therein and thereto in good and substantial repair
and condition, (subject to reasonable wear and tear) save and except any such items as have
been removed with prior approval of the Licensor.
	 
	3.4	 	In the event, the Licensee as a corporate entity, undertakes any restructuring resulting in
formation of subsidiaries of the Licensee, the Licensee may be permitted to extend the use and
occupation of the Licensed Premises to such of its subsidiaries so far as the such
subsidiaries are in the same line of business as the Licensee and that the permission by the
Licensor to extend the use and occupation of the Licensed Premises is at the absolute
discretion of the Licensor and with the Licensor’s prior express written consent which consent
shall not be unreasonably withheld. Provided however, the Licensee shall promptly notify the
Licensor of the use of the Licensed Premises by such subsidiaries.
	 
	3.5	 	The Licensee shall use the Licensed Premises without in any manner disturbing and/or
interfering with the activities and business of the

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	 	 	Licensor or its associates or its subsidiary companies or any other persons authorised by
the Licensor in that regard.
	 
	3.6	 	The Licensee shall take all steps reasonably deemed necessary for protecting the Licensed
Premises
	 
	3.7	 	The Licensee shall take utmost care in using the Licensed Premises and shall use the Licensed
Premises only for the business of the Licensee and in a lawful manner and for no other
purpose.
	 
	3.8	 	The Licensee shall keep the Licensed Premises and every part thereof in clean and tidy
condition. The Licensee shall not keep anything in or around the Licensed Premises, which
shall always be kept un-littered and clean.
	 
	3.9	 	The Licensee or its representatives shall not in any manner prevent the Licensor or any other
person authorised by the Licensor from using the common facilities and things used in common
with the Licensor or any other person or occupiers authorised by the Licensor.
	 
	3.10	 	The Licensee shall not do any act, deed, thing and matter which would constitute a breach of
any statutory requirements and which would adversely affect the Licensed Premises or any part
thereof or the rights of the Licensor.
	 
	3.11	 	The Licensee shall at its own cost provide fire safety equipment on the Licensed Premises. In
so far as the compliance with the provisions of the Maharashtra Fire Prevention and fire
safety laws is concerned the Licensee shall at it own cost provide all the fire safety
equipments and take all steps necessary to ensure compliance with the provisions of such laws
as may be applicable in this regard.
	 
	3.12	 	The Licensee agrees, confirms and undertakes to bear/reimburse all costs, charges and
expenses relating to stamping and registration of this Agreement and its duplicate in their
entirety, and shall extend all cooperation to the Licensor in getting the said Agreement
registered. However, each Party shall bear its own legal costs.

Article 4 — Licensor’s Representations/Warranties

	4.1	 	The Licensed Premises have been constructed in accordance with the sanctioned plans, rules
and regulations as prescribed and in compliance with the approvals granted by the concerned
authorities in this regard.
	 
	4.2	 	The Licensor shall duly obtain the occupation certificate certifying that the Licensed
Premises is fit for office use and occupation.
	 
	4.3	 	The Licensor is the sole and absolute owner and has proper title to the Licensed Premises,
and is not restricted in any manner whatsoever from granting the Licensed Premises on Leave
and Licence basis to the Licensee in the manner contemplated in this Agreement. Further, the
Licensor shall prior to the occupation of the Licensed Premises by the Licensee, obtain all
necessary approvals or permissions as may be required to be obtained including from any
government or regulatory authority, building association or society permitting it to grant the
Licensed Premises on leave and licence basis to the Licensee.

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	4.4	 	The Licensee will not be liable for any charges or outgoings in respect of the Licensed
Premises prior to the effective date of commencement of the Licensed Agreement.
	 
	4.5	 	The Licensor shall take all reasonable steps to assist the Licensee for facilitating the
installation of telecommunications infrastructure including telephone lines, leased lines,
Satellite Dish, VSAT’s /RF Masts etc. by the Licensee or on its behalf.

Article 5 — Licensee Responsibilities

	5.1	 	The Licensee or any other person dealing for/through it shall be responsible for compliance
of various statutory laws, as applicable and rules made thereunder, including but not limited
to labour related legislations with regard to licensees business. The Licensee further
covenants that it shall indemnify and keep the Licensor indemnified against any claims,
demands, costs, charges, expenses, losses, whatsoever that may arise in connection with the
Licensed Premises on account of any wilful contravention/ breach by the Licensee, except by an
act of God, natural calamities or perils or any person dealing for/through it of any
regulations and laws for the time being in force.
	 
	5.2	 	The Licensee herein represents, confirms and states that its paid up capital is in excess of
Rs.1,00,00,000/- (Rupees One Crore Only) and, therefore, the provisions of the newly
introduced Maharashtra Rent Control Act, 1999, shall not apply to this Agreement. The
Licensee hereby undertakes that as long as the Leave & Licence Agreement with the Licensor is
in force, it will not reduce its paid up capital or take any action which is likely to result
in the reduction of its paid up capital. In the event the Licensee desires or determines to
reduce its paid up capital below Rs 1,00,00,000 or such statutory limits as may be fixed by
the Maharashtra Rent Control Act, 1999 the Licensee shall immediately inform the Licensor of
such decision or desire to reduce the paid up equity capital. Upon such notification, the
provisions of Clause 9.1 below shall apply. Moreover, the Licensee acknowledges the right and
entitlement of the Licensor to terminate this Agreement under the aforesaid circumstances and
therefore represents, confirms and states that in the event the Licensor seeks to terminate
this Agreement, in such an eventuality, the Licensee shall hand over peaceful and vacant
possession of the Licensed Premises to the Licensor within 30 days after being served a
written notice by the Licensor and the Licensee shall not raise a claim for protection under
the Maharashtra Rent Control Act, 1999, against the Licensor in respect of the Licensed
Premises.
	 
	5.3	 	The Licensee shall be responsible for complying with all pertinent bye-laws, rules and
regulations for the time being in force in respect of the changes made by the Licensee inside
the Licensed premises the Licensee may deem fit for full enjoyment of the Licensed Premises.

Article 6 — The Licensee not to assign, transfer, etc.

	 	 	It is expressly agreed by and between the Parties that this Agreement shall be deemed to be
personal to the Licensee and the Licensee shall not assign, transfer or sublicense this
Agreement. Further, this Agreement constitutes a non-transferable licence to the Licensee.

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Article 7 — Licensor not liable to Licensee, its Directors, servants, etc., or to its property
for injury/damages/loss

	7.1	 	The Licensor shall not be liable to the Licensee, its Directors, officers, employees,
servants, agents, invitees, visitors, customers or any other person using or at any time being
upon the Licensed Premises or any personal injury, damage, loss or inconvenience howsoever or
whatsoever caused to them or to any goods or chattels brought by any person upon the Licensed
Premises it being the intention of and agreed to between the Parties that the Licensee and
other persons using the Licensed Premises shall use the same solely at the risk of the
Licensee, provided that, such injury, damage, loss or inconvenience is not caused by the
negligence of the Licensor, its employees or agents.

	7.2	 	It is expressly agreed by the Licensee that the Licensor or its servants or agents shall not
be liable for any loss, accident, damage that may be caused to Licensee or to its personnel or
property whilst using the Licensed Premises as herein mentioned, either by accident or
otherwise, either directly or indirectly or vicariously.

Article 8 — Licensor’s Obligations and Responsibilities

	8.1	 	The Licensor shall provide the Licensee for its operation at its own cost:

	 	(a)	 	Water: Requisite water connection from the municipal corporation. The charges
for consumption of water will however be borne by the Licensee as per actual metered
consumption at prevailing rates. The Licensee shall be obligated to pay the said
charges within 07 days of the Licensor’s making a written request to the Licensee on
this behalf

	 	(b)	 	Power: With a view to enable the Licensee to put up and operate lights, fans,
split/ windows/ central air-conditioning and other electrical, mechanical and
electronic equipment, computers, peripherals, fittings and apparatus, as the Licensee
may require, the Licensor shall allow the Licensee to make necessary application for
power to the concerned authorities and avail of the power supply. The Licensor shall
provide the necessary no objection for such application of power supply by the Licensee
to the authorities. Any alterations or additions to the electrical installations, which
the Licensee carries out, shall be intimated to the Licensor and the Licensee shall
obtain necessary statutory approvals for the same.

	 	 	The Licensee hereby agrees to bear all charges to be paid to the power supply company for
making the power available to the Licensee in terms of these presents and for consumption of
the electric power by the Licensee.

	8.2	 	The Licensor shall continue to pay all municipal rates, taxes, cesses, charges (hereinafter
referred to as “Taxes”) as prevailing on the date of execution of this Agreement. Any future
increase in the rates of taxes and outgoings aforesaid by the Municipal Corporation of Greater
Mumbai subsequent to the first assessment as a Licensed Premises shall be shared equally by
the Licensor and the Licensee. In other words the Licensee shall not be liable for any
increase of taxes and outgoings if

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	 	 	such increase is attributable only to a change in the nature of assessment due to the
License created in favour of the License.

	8.3	 	The Licensor or any other person dealing for / through it shall be responsible for compliance
of various statutory laws, as applicable and rules made thereunder, including but not limited
to labour related legislations. The Licensor further covenants that it shall indemnify and
keep the Licensee indemnified against any claims, demand, costs, charges, expenses, losses,
whatsoever that may arise on account of any contravention/ breach by the Licensor or any
person dealing for/through it of any regulations and laws for the time being in force.

	8.4	 	The Licensor agrees and undertakes that it shall not, during the subsistence of this
Agreement and during the period the Licensee is in occupation of the Licensed Premises assign,
transfer, charge and encumber or otherwise dispose of the Licensed Premises or any part
thereof without securing the interest of the Licensee in the Licensed Premises, it being
clearly understood that the right of the Licensor to transfer and charge the Licensed Premises
is subject to the Leave and Licence Agreement and/or any other arrangements or agreements
between the Parties.

	8.5	 	If the whole or any portion of the Licensed Premises shall, at any time, be destroyed or
damaged, so as to be rendered inaccessible or uninhabitable, in whole or in part, other than
due to the fault of the Licensee or if as a result of any of the force majeure events as
mentioned in Article 13 the Licensee is prevented from gaining free and unobstructed access to
the Licensed Premises, then the license fee to be paid hereunder or appropriate portion
thereof according to the nature and extent of the impediment to occupancy shall cease and be
suspended proportionately until the Licensed Premises shall be rendered fit and accessible for
use and occupation by the Licensee. However, if the Licensed Premises is not fit for use and
occupation or continues to remain unfit for use and occupation by the Licensee or if the
Licensee is prevented from gaining free and unobstructed access to the Licensed Premises for a
period of 90 days, then the Licensee shall upon the expiry of the said 90 day period be
entitled to terminate this Agreement by giving to the Licensor 07 days notice in writing.

	8.6	 	The Licensor shall permit the Licensee the use and occupation of the Licensed Premises during
the period of License herein created without any hindrance / eviction interruption and / or
disturbance, claim or demand whatsoever by the Licensor or any person claiming by from under
or in trust for the Licensor, save and except in the event of termination or prior
determination under Article 9 below.

	8.7	 	The Licensor shall keep the area surrounding the Licensed Premises and its approaches in
clean and tidy condition.

	8.8	 	The Licensor shall always be liable to make good the exterior and structure of the Licensed
Premises including walls, drainage and roof by carrying out necessary repairs or renovations
within its statutory common duty of care.

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Article 9 — Termination, post-termination obligations

	9.1	 	Either Party (“non defaulting party”) shall be entitled to terminate this Agreement in the
event of the other party (“defaulting party”) committing a material breach of the terms,
conditions and covenants contained in this Agreement to be observed and performed by the
defaulting party by giving 30 days advance notice in writing and if the defaulting party
rectifies the breach and informs the non defaulting party in writing about the same within the
said period of 30 days then the notice will cease to be effective. However, if the defaulting
party is unable to rectify the breach within the period of 30 days, then this Agreement shall,
at the option of the non-defaulting party, stand terminated. Provided if this agreement is
terminated by the Licensor being the non-defaulting party then the Licensee shall be liable to
pay the Licensor a sum equal to six months compensation. Further, in the event the Licensee
informs the Licensor of its decision or desire to reduce its paid up capital below
Rs.1,00,00,000/- or such statutory limits as may be fixed by the Maharashtra Rent Control Act,
1999, as provided in Clause 5.2, the Licensor shall be entitled to (but not obligated to)
terminate this Agreement by giving 30 days notice in writing to the Licensee, it being the
express intention of the Parties that the Licensee shall under no circumstances seek
protection under the Rent Control Act, and that the Licensee shall hand over vacant and
peaceful possession of the Licensed Premises 30 days after the Licensor serves the Licensee
with notice of termination as provided hereinbefore.

	9.2	 	Notwithstanding anything contained in Clause 8.5, the Licensee shall have the option to
terminate the licence by giving 180 days advance notice in writing to the Licensor without
assigning any reason whatsoever, at any time during the license period, as stated in Article
1.1 above. It is clarified that the Licensor’s right to terminate this Agreement on account of
breach on the part of the Licensee of any terms and conditions and covenants contained herein
to be observed and performed by the Licensee by giving 30 days notice in writing as stated in
9.1 above shall not be affected.

	9.3	 	Notwithstanding anything contained in Articles 9.1 and 9.2 above, it is hereby agreed and
declared that if the Licensee passes a resolution for voluntary winding up or if it is unable
to pay its debts or compromises with its creditors or if a receiver of its property is
appointed or if a petition filed under the Companies Act, 1956 for winding up of the Licensee
is successful or if the Licensee voluntarily becomes the subject of proceedings under any
bankruptcy or insolvency, or if the Licensee takes or suffers action for its reorganization,
or it’s liquidation or dissolution except when such event(s) is within the Entities of the
Licensee, or the Licensee becomes or is declared a sick company under the Sick Industrial
Companies Special Provisions Act, 1985, then and in any of such events this Agreement shall at
the absolute option of the Licensor stand terminated and thereupon the Licensee or the person
or persons or authority in whom the estate of the Licensee may be vested shall hand over
charge of Licensed Premises to the Licensor forthwith, failing which the Licensor shall be
entitled to re-enter the Licensed Premises or any part of the Licensed Premises.

	9.4	 	On the expiry or earlier termination of this Licence, the Licensee shall, within not more
than 30 days of such expiry or termination, remove its employees and servants and all its and
their belongings, chattels, articles and things, whether or not affixed to the Licensed
Premises (hereinafter

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	 	 	called the “said Goods”) from the Licensed Premises, and vacate and hand over the Licensed
Premises to the Licensor in the same good order and condition in which they were at the time
when the Licensee entered into the Licensed Premises, subject to reasonable wear and tear
attributable to normal use for the business of the Licensee and as provided in Article 1.5
above.

	9.5	 	Subject to 9.4 above and the other provisions of this Agreement it is expressly agreed
between the Parties hereto that occupation of the Licensed Premises by the Licensee
immediately after expiry or sooner determination/ termination of this Agreement shall be an
act of trespass and the Licensee shall pay to the Licensor a sum of 50,000/- (Rupees fifty
thousand only) per day for occupying the premises in excess of the one month provided in 9.4
above. If this wrongful occupation continues beyond the first 60 days after such
termination/early determination of this Agreement, the sum will double every month thereafter,
till such occupation continues until such time the amount rises to Rs.200,000/-per day (Rupees
two lakh only). This right will be without prejudice to other remedies available to the
Licensor in law.

Article 10 — No other rights, tenancy, etc.

	10.1	 	It is expressly agreed between the Parties that except what is stated herein the Licensee
shall not have any right of whatsoever nature into and upon the Licensed Premises or the area
surrounding thereto and it shall not at any time claim any rights of whatsoever nature into
and upon the Licensed Premises or the area surrounding thereto.

	10.2	 	Nothing herein contained shall be construed as creating any right, interest, easement, lease,
tenancy, sub-tenancy, deemed tenancy or transfer of enjoyment in favour of the Licensee in or
over or upon the Licensed Premises (or any part thereof) or transferring any interest therein
in favour of the Licensee other than the licence granted to the Licensee in accordance with
the terms herein contained and the rights of the Licensee under this Agreement and the
Licensee agrees and undertakes that no such contention shall be made by the Licensee at any
time.

	10.3	 	Without prejudice to its rights and remedies elsewhere provided in this Agreement if a
statutory amendment is made or announced to the Maharashtra Rent Control Act, 1999 (the “ Rent
Act”) or any other statute or law for the time being in force which, or if the Rent Act is
repealed and another rent control statute is enacted in its place which amendment, repeal or
re-enactment, in the exclusive opinion of the Licensor is likely to prejudice its rights under
or by virtue of this Agreement or otherwise, the Licensor and the Licensee agree to
amend/modify this Agreement so that each of the rights, of the Licensor and the Licensee, as
contained in this Agreement is maintained/continued. It is an express intention of the Parties
hereto that the Licensor shall be and shall always be deemed to be in exclusive possession and
in full charge and control of the Licensed Premises at all times and that the Licensor shall
as stated above at all times by giving reasonable notice to the Licensee shall have full, free
and unobstructed entry into the Licensed Premises and only a mere right of user as per this
Agreement is given to the Licensee.

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Article 11 — Severability

	 	 	In the event that any provision of this Agreement should be found to be invalid or illegal
under the applicable law, such provision shall be deemed to be omitted to the extent of such
invalidity or illegality, and the other provisions of this Agreement shall remain valid and
in force, and shall continue to govern the relationship between the Parties.

Article 12 — Notices

	 	 	All notices or other communications required or permitted to be given under this
Agreement shall be in writing and shall be either delivered personally or sent by mail, at
the following addresses of the Parties:

	 	     i)	 	To the Licensor at its Registered office mentioned herein, and
	 	     ii)	 	To the Licensee at

	 	     a)	 	The Licensed Premises and

	 	     b)	 	Its registered office

	 	 	Notice shall be deemed to be given on the seventh business day after such notice is mailed,
if sent by registered mail. Any notice shall commence on the day such notice is deemed to
be given.

	 	 	A Party may change its address for purposes hereof by notice to the other Party.

Article 13 — Force Majeure

	 	 	Neither Party shall be liable to the other Party for failure to perform its obligations
hereunder due to the occurrence of any event beyond the control of such Party and affecting
its performance including, without limitation, governmental regulations, orders,
administrative requests, rulings or orders, acts of God, war, war-like hostilities, civil
commotion, riots, epidemics, fire or any other similar cause or causes.

Article 14 — Governing Law

	 	 	It is declared and confirmed by the Parties hereto that what is recorded in this Agreement
reflects the true intention of the Parties and neither Parties shall contend to the
contrary. This Agreement shall be governed and construed in accordance with the laws of
India.

Article 15 — Headings

	 	 	The descriptive words or phrases at the head of the various articles and sections hereof are
inserted only as a convenience and for reference. They are in no way intended to be a part
of the Agreement or in no way define, limit or describe the scope or intent of the
particular article or section to which they refer.

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Article 16 — Waivers

	 	 	The failure with or without intent of any Party hereto to insist upon the performance by the
other of any term or provision of this Agreement in strict conformity with the literal
requirements hereof shall not be treated or deemed to constitute a modification of any term
or provision hereof, nor shall such failure or election be deemed to constitute a waiver of
the right of such Party at any time whatsoever thereafter to insist upon performance by the
other strictly in accordance with any term or provision hereof; all terms, conditions and
obligations under this Agreement shall remain in full force and effect at all times during
the term of this Agreement except as otherwise changed or modified by mutual written
agreement of the Parties hereto.

Article 17 — Jurisdiction

	 	 	The Parties expressly agree, that only the competent courts of jurisdiction at Mumbai shall
have exclusive jurisdiction in all matters arising hereunder.

Article 18 — Arbitration

	 	 	If any dispute arises between the Parties hereto during the subsistence or thereafter, in
connection with the validity, interpretation, implementation or alleged material breach of
any of the provisions of this Agreement or regarding any question including the question as
to whether the termination of the Agreement by one Party hereto has been legitimate, the
Parties hereto shall endeavour to settle such disputes amicably. In case of failure of the
Parties to settle such disputes within thirty days, either Party shall be entitled to refer
the disputes (if legally possible) to arbitration. The arbitration shall be conducted by a
sole Arbitrator mutually appointed, or in case of disagreement as to the appointment of a
sole Arbitrator, by three (3) Arbitrators of which each Party shall appoint one (1)
Arbitrator and the third Arbitrator shall be appointed by the two appointed Arbitrators.
The arbitration proceedings shall be governed by the Arbitration & Conciliation Act, 1996.
The language of the arbitration proceedings shall be in English. The provisions of this
Article 18 shall survive the termination of this Agreement for any reason whatsoever. The
place of Arbitration is Mumbai.

Page 12

 

SCHEDULE OF THE PROPERTY

An area of 20,360 sq. ft. lying and situate at the Upper Floor of the said Building (Industrial
Shed) No. 10 on Survey Nos. 57 (pt) of village Vikhroli, corresponding to CTS No. 7 [pt) and 67
[pt), Mumbai. The above property is bounded by:

Due North: Boundary wall of Godrej & Boyce Mfg. Co. Ltd.

Due South: Internal road of Godrej and Boyce Mfg. Co. Ltd.

Due East: Internal road of Godrej and Boyce Mfg. Co. Ltd.

Due West: Office Structure Plant No. 10

IN WITNESS WHEREOF the Parties have executed these presents (in duplicate) on the day and the year
first herein above written.

	 	 	 
	Signed & Delivered by the within named

Licensor, GODREJ & BOYCE MANU-

FACTURING COMPANY LIMITED,

through its duly Constituted Attorney,

Mr. Maneck H. Engineer, in the

presence of :
	 	

/s/ Maneck H.
Engineer 
	 
	1.
	 	 
	 
	2.
	 	 
	 
	Signed & Delivered by the within named

Licensee, WNS Global Services Pvt. Ltd.

through its Authorised Representative,

Mr.     Zubin Dubash    

in the presence of :
	 	
/s/ Zubin Dubash 
	 
	1.
Riddhish Purohit
	 	/s/ Riddhish Purohit 
	 
	2.
	 	 

Page 13Ex-4.8 Leave and Licens Agreement

 

Exhibit
4.8

LEAVE AND LICENCE AGREEMENT

This Leave
and Licence Agreement (the “Agreement”) is made at Mumbai
on 29th Dec 2006
BETWEEN

	1.	 	Sofotel Software Services Private Limited, a company incorporated under the Companies
Act, 1956, and having its registered office at 10-B, Bakhtawar, Nariman Point, Mumbai
400021 (hereinafter referred to as the “Licensor”, which expression shall, unless
repugnant to the context or meaning thereof, be deemed to mean and include its successors
and assigns) of One Part.

AND

	2.	 	WNS Global Services Private Limited, a company incorporated
under the Companies
Act, 1956, and having its office at Gate 4, Godrej & Boyce Complex,
Pirojshanagar, Vikhroli (W) Mumbai 400 079, (hereinafter referred to as the “Licensee”) of
the Other Part.

(“Party” or “Parties” shall have individual or collective reference to the Licensor and the
Licensee)

 
Page 1

 

 

WHEREAS

	A.	 	The Licensor has the absolute right to use, occupy, possess, and enjoy the entire
building known as the Commercial Office Building (the “Building”) (along with its common
areas and exclusive car parking spaces) situated on plot No. 192B and which is more
particularly described in the Plan annexed hereto as Annexure A.

	B.	 	The Licensee has requested the Licensor to grant to the Licensee the use of the
office premises on the lower ground floor, ground floor of the
Building having, inter-alia,
an aggregate area admeasuring 36,500 sq.ft or thereabouts (the “Premises”), on a leave and
licence basis and the Licensor has agreed to grant such permission to the Licensee by way
of leave and licence for the period, at the consideration and upon the terms and
conditions as hereinafter mentioned.

NOW THEREFORE THE PARTIES AGREE AND THIS AGREEMENT WITNESSETH AS FOLLOWS:

	1.	 	GRANT OF LICENCE AND TERM OF THE AGREEMENT

The recitals contained herein shall be deemed to constitute an integral operative part of this
Agreement.

	1.1	 	In consideration of the licence fees hereinafter reserved and of the rights and the covenants
of the Licensee hereinafter contained, the Licensor hereby agrees to grant to the Licensee and
the Licensee hereby agrees to take on leave and licence the Premises for a term of 60 months
commencing from 1 January, 2007 (the “Effective Date”) on the terms and conditions herein
contained. The Licensee shall be entitled to use the furniture, fixtures and fittings lying in
the Premises, a list of which is annexed hereto and marked Annexure B.

	1.2	 	The Licensor hereby confirms that in view of the licence granted by this Agreement the
directors, employees, servants, staff, agents and the bonafide visitors of the Licensee shall
be permitted and shall be at liberty to enter and use the Premises for the purpose of the
Licensee’s business.

	1.3	 	The Licensor shall, on the Effective Date, hand over to the Licensee physical possession of
the Premises and a set of duplicate key(s), which would permit the Licensee to gain access to
the Premises and all other areas in and around the Premises.
	 
	2.	 	CONSIDERATION

	2.1	 	In consideration of the licence hereby granted by the Licensor to the
Licensee for the Premises and the Services to be rendered by the Licensor under
Clause 6 hereunder, the Licensee hereby agrees to pay to the Licensor licence fees
at the rate of Rs. 16,61,415 (Rupees Sixteen lakh sixty one thousand four hundred
and fifteen only) per month (the “Licence Fees”) for a
period of thirty six (36)
months commencing the Effective
Data where after both parties shall mutually agree to an escalation of License Fees
which in no event, shall exceed fifteen (15) percent of the License Fees and such
mutually agreed escalated Licence Fees shall be payable by the Licensee to the
Licensor for the balance of the licence period i.e. twenty four (24) months. It is
clarified that except for the Licence Fees, the Licensee shall not be liable to pay
any

 
Page 2

 

 

further fees, service charges, rentals, maintenance, water charges, municipal taxes or any
pre-quantified annual/monthly maintenance charges to the Licensor or any other third party
in relation to the Premises and the Licensor acknowledges that the due payment of the
Licence Fees forms the sole and adequate consideration for the licence granted herein and
the Services to be rendered by the Licensor under Clause 6 hereunder. It is hereto agreed
between the Parties that the Licensee shall have the exclusive right to use only in the
manner in which such common areas in any building are normally put to use and in keeping
with the decor / layout of the Building, the common areas of the Premises that have been
demarcated in the plan annexed hereto as Annexure A (the “Common Areas”) without payment of
any additional licence fees or rentals.

	2.2	 	The Licence Fees shall be payable in advance by the Licensee monthly, on or before the
5th (fifth) day of each month for that month’s use. The Licensor hereby covenants
with the Licensee that upon the Licensee paying the Licence Fees on or before the date
mentioned herein, in the manner herein provided and by observing and performing the covenants,
conditions and stipulations herein contained, the Licensee shall be permitted unimpeded use
and occupation of the Premises during the period of the Licence herein created.

	2.3	 	The Licensee shall withhold taxes on all amounts due and payable to the Licensor as may be
required under the Income Tax Act, 1961 or any other law as may be applicable and shall make
payments to the Licensor subject to such taxes being withheld. The Licensee shall
periodically and always within a reasonable time provide the Licensor with the relevant TDS
certificates in respect of the aforesaid tax deductions.

	2.4	 	The Licensee shall, during the term of this Agreement, pay all regular outgoings in respect of
the Premises. These shall include the charges for electricity consumed based on the reading of
the meter installed in that behalf within the period stipulated in the bill issued by the
supplier of electricity to whom the payment shall be directly remitted by the Licensee. The
Licensor undertakes to forward to the Licensee the bills for such electricity supply, if at
all the Licensor receives such bills. It shall however not be the Licensor’s responsibility to
track and ensure the receipt of the bills by the Licensee whose responsibility it shall be to
ensure that the electricity bills are always paid regularly.

	3.	 	SECURITY DEPOSIT

	3.1	 	On or before the execution of this Agreement, the Licensee shall deposit with the
Licensor a sum of Rs. 16,61,415 (Rupees Sixteen lakh sixty one thousand four hundred and
fifteen only) as an interest free security deposit (hereinafter referred to as the
“Security Deposit”). On completion of the initial thirty six (36) months as per clause
2.1, the security deposit would increase proportionately with the license fee.

	3.2	 	The Licensor shall repay to the Licensee the Security Deposit upon the expiry or
sooner determination of the licence period as provided herein simultaneously upon handing
over of vacant Premises (duly debonded) by the Licensee to the Licensor. As provided
herein or on the settlement of any outstanding bills in respect of the premises payable by
the Licensee hereunder, whichever is earlier, provided that the Licensee removes
themselves their belongings, equipment, furniture and fixtures

 
Page
3

 

 

	 	 	from the premises and hands over the vacant possession of the premises (duly debonded) by
the licensor forthwith upon such expiry an/determination.

	3.3.	 	If the Licensor fails to refund the Security Deposit or any part thereof for any
reason whatsoever, the Licensee shall, without prejudice to its right to recover the
Security Deposit or any part thereof or to any legal remedy available to it, be entitled to
claim from the Licensor interest calculated at the rate of 2% per month on outstanding
Security Deposit or any part thereof, calculated till the date of actual payment of the
said amount.

	4.	 	LICENSEE’S COVENANTS

The Licensee hereby agrees, undertakes and covenants with the Licensor as follows:

	 	(a)	 	that within the Premises, including the Common Areas within the Building the
Licensee shall keep the interior walls, floors, ceiling, doors, windows, electric
fittings and installations and water connections in good order and condition
(reasonable wear and tear and loss or damage by fire, accident, irresistible force or
act of God excepted);
	 
	 	(b)	 	that upon the expiration or sooner determination of this Agreement, the
Licensee shall remove from the Premises, all such furniture and fittings belonging to
the Licensee without in any way damaging the Premises;
	 
	 	(c)	 	that upon the expiry of the period of the licence or sooner determination of
this Agreement, the Licensee shall forthwith vacate the Premises and hand over vacant
and peaceful possession of the Premises (duly debonded) to the
Licensor;
	 
	 	(d)	 	that the Licensee shall promptly notify the Licensor of any notice received
by the Licensee in respect of the Premises;
	 
	 	(e)	 	that subject to Clause 10.1 hereto, the Licensee shall not have any right to
transfer, assign, mortgage or part with possession of the Premises or create any third
party rights therein in any manner whatsoever;
	 
	 	(f)	 	that the Licensee shall keep all articles, furniture, fixtures, vehicles or
valuables in the Premises at its own risk in all respects and the Licensee shall not
hold the Licensor responsible or liable for any damage to the same or any loss due to
theft etc. provided that such damage, loss or theft is not caused by the negligence of
the Licensor, its employees or agents;
	 
	 	(g)	 	that the Licensee shall permit the Licensor’s authorised representatives to
inspect the Licensed Premises during the day upon providing reasonable prior notice in
that behalf of at least 3 (three) working days to the Licensee;
	 
	 	(h)	 	that the Licensee agrees that it shall not undertake any activity which would
be contrary to the terms and conditions of this Agreement or which would otherwise
adversely affect the Licensor’s right, title or interest in
respect of the Premises;

 
Page
4

 

 

	 	(i)	 	that the License shall bear all running costs incurred in the operation of all back to back
standby diesel generators installed by the Licensor pursuant to Clause 5 (c) of this Agreement.

	5.	 	LICENSOR’S COVENANTS

The Licensor hereby agrees, undertakes and covenants with the Licensee as follows:

	 	(a)	 	that upon the Licensee observing and performing the stipulations and covenants herein contained
to be observed and performed by it, the Licensee shall during the period of this Agreement, use and
occupy the premises without interference from the Licensor or any
person or persons claiming under or through
it.
	 
	 	(b)	 	that the Licensor has the sole and absolute possession of the Premises, has proper title to the
Premises and has the full power and absolute right and authority to grant unto the Licensee the Premises to
use the same for its business activities.
	 
	 	(c)	 	that there is no mortgage, charge, encumbrance, impediment or restraint or injunction against
the Licensor or in respect of the Premises that would in any way affect the Licensee’s rights under
this Agreement. Further, the Licensor undertakes that it shall not, during the subsistence of this
Agreement, create any charge, mortgage or other encumbrance over the Premises or assign, transfer
or otherwise deal with the Premises in such a manner so as to prejudice the rights of the Licensee
hereunder.
	 
	 	(d)	 	that it has obtained comprehensive insurance policy/ies designed to cover all risks associated
with the Premises and shall provide a copy of such insurance policy/ies to the Licensee on the date
of execution hereof. The Licensor further undertakes that it shall duly and promptly pay all
premiums / fees in connection with the said insurance policy/ies during the subsistence of this
Agreement.
	 
	 	(e)	 	that the Licensor shall, install back to back standby diesel generators to enable the said
generators to generate adequate power and support for the entire Premises including the electricity
requirements of the Licensee
	 
	 	(f)	 	subject to Clause 6, that the Licensor shall bear all the expenses towards maintenance and
upkeep in relation to the air-conditioning provided by the Licensor.
	 
	 	(g)	 	subject to applicable local and municipal regulations, that the Licensee shall be entitled to
put up nameplates and signages in respect of its business at such places in the Premises as may
seem appropriate to the Licensee;
	 
	 	(h)	 	that the Licensor shall, in the event of termination/expiry of this Agreement, and
simultaneously upon the peaceful vacation of the Premises (duly

 
Page
5

 

 

	 	 	 	debonded) by the Licensee, refund to the Licensee the whole of the Security Deposit subject to and
as provided in Clause 3.2 above;

	 	(i)	 	that the Licensor has obtained all the requisite statutory approvals in relation to the
Premises and that the occupation and use of the Premises by the Licensee is in consonance with
such approvals. Further, the Licensor represents and warrants that it shall ensure that the
requisite statutory approvals and permits in relation to the Premises and use and occupation
thereof remain in force at all times during the subsistence of this
Agreement;
	 
	 	(j)	 	that the Licensor, has obtained all requisite corporate and other approvals in relation to the
license of the Premises to the Licensee as contemplated herein and further that the execution of
this Agreement shall not result in any violation of any law or any agreement between the Licensor
and any third party or otherwise contravene any third party rights;
	 
	 	(k)	 	that the Licensor shall keep the Building’s exterior and the Common Areas around the Building
in good repair and condition (reasonable wear and tear and loss or damage by fire, accident,
irresistible force or act of God excepted). However, any damage to the premises resulting from the
exceptions mentioned herein shall not relieve the obligation of the Licensor to make best endeavor
to repair the Premises at the earliest if such damage has resulted in interruption wholly or
partially of the conduct of business activities of the Licensee;
	 
	 	(l)	 	that the car parking spaces within the Building but separately demarcated for the Premises
shall be reserved exclusively for the Licensee and that it shall take all necessary steps to ensure
that no third party uses or encroaches upon the same.

	6.	 	SERVICES
	 
	6.1	 	The Licensor shall with effect from the Effective Date provide the Licensee and their employees
during the tenure of the Agreement, the following facilities and amenities (the “Services”):

	 	(a)	 	Security arrangements in respect of the common areas outside the Building and in the
parking areas.
	 
	 	(b)	 	Maintenance and upkeep of the common area around the Premises and the Building.
Without prejudice to the generality of the foregoing the Licensor shall, at all times
during the subsistence of the Agreement, keep the common area around the Premises and the
Building clean and hygiene and in a good state of repair including but not limited to
provision of water disposal services, re-painting the exterior of the Premises,
maintenance and upkeep of the common areas within/around the Premises, maintenance and
upkeep of the lift, arranging for regular pest control, water tank cleaning, upkeep and
maintenance of the garden around the Premises and subject to Clause 6.1 (c) hereunder
undertaking any major repairs or structural changes/modifications to the premises as may be required.

 
Page
6

 

 

	 	(c)	 	The Licensor shall obtain the prior written permission of the Licensee before undertaking any
major repairs or structural changes/modifications to the Premises, which are likely to interfere
with the peaceful enjoyment and day-to-day activities of the Licensee.
	 
	 	(d)	 	The Licensor shall ensure that all water and electricity connections and sewage and waste
disposal facilities in the common areas, as described in
Annexure A hereto, are kept in a good
state of repair.
	 
	 	(e)	 	The Licensor shall at the request of the Licensee demarcate slots for the purpose of car
parking and paint the said facility so that the slots are clearly
visible. The Licensor shall also
maintain the car-parking slots and ensure that no third party encroaches upon the same. The access
to the car park facility shall be available exclusively to the Licensee and their employees,
representatives, designees and bonafide visitors at all times during the tenure of the Agreement.
	 
	 	(f)	 	The Licensor shall permit lorries and other vehicles for
transporting the Licensee’s goods and
material to enter the Building premises.
	 
	 	(g)	 	The Licensor shall provide suitable space in the Building for the installation of any satellite
antenna or microwave tower and ancillary equipment that the Licensee may be desirous of erecting
and duct space enabling the connection of the said antenna or tower or ancillary equipment to any
area within the Premises. It is hereby clarified that any statutory or regulatory approvals
required for the erection or operation of the aforesaid antenna or tower shall be obtained by the
Licensee at its cost and the Licensor shall render to the Licensee all reasonable assistance that
Licensee may request in that behalf.
	 
	 	(h)	 	The Licensor shall be responsible for the provision of satisfactory fire fighting facilities
including but not limited to the provision and maintenance of fire hydrants
within/around the Premises and periodical statutory testing/certification of equipment in
accordance with the local rules/regulations as may be prevalent/issued by the Pune Municipal
Corporation.
	 
	 	(i)	 	The Licensor shall ensure that it provides adequate water storage facilities for the
Premises, meeting the total requirements and for the exclusive utilisation of the Licensee.

	6.2	 	The Licensor shall ensure that the Services shall not interfere or impede the Licensee’s
peaceful enjoyment and use of the Premises.
	 
	7.	 	NOTICES
	 
	7.1	 	Any notice and other communications provided for in this Agreement shall be in writing and
shall be first transmitted by facsimile/electronic transmission and then confirmed by postage
prepaid registered airmail or by nationally recognised courier
service, in the manner as elected by the Party giving such notice to
the following addresses:

	 	(a)	 	In the case of notices to the Licensor:

 
Page
7

 

 

	 	 	 	 	 	 	 
	 

	 	Address:
	 	 
	 	 Sofotel Software Service Pvt. Ltd.

10B, Bakhtawar, Nariman Point

Mumbai 400 021
	 

	 	Fax:
	 	 	 	+91 22 2202 0359
	 

	 	Attn.:
	 	 	 	Mr. Deepak Desai
	 

	 	E-mail:
	 	 	 	sofotel@vsnl.net

	 	(b)	 	In the case of notices to the Licensee:

	 	 	 	 	 	 	 
	 

	 	Address:
	 	 	 	WNS Global Service Pvt. Ltd.

Plant 10, Godrej & Boyce Complex

Pirojshanagar, Vikhroli (W)

Mumbai 400 079
	 

	 	Fax:
	 	 	 	+91 22 5518 8960
	 

	 	Attn:
	 	 	 	Mr. Neeraj Bhargava
	 

	 	E-mail:
	 	 	 	neeraj.bhargava@wnsgs.com

With
a copy of the notice to:

	 	 	 	 	 	 	 
	 

	 	Address:
	 	 	 	WNS Global Services (P) Ltd.

Sofotel Building

National Games Road

Yerwada, Pune 411 006
	 

	 	Fax:
	 	 	 	+91 20 5606 2801
	 

	 	Attn.:
	 	 	 	Ms. Sulakshana Patankar

Col. Anil Ummat
	 

	 	Email:
	 	 	 	sulakshana.patankar@wnsgs.com

anil.ummat@wnsgs.com

	7.2	 	All notices shall be deemed to have been validly given on (i) the business date immediately
after the date of transmission with confirmed answer back, if transmitted
by facsimile/electronic transmission, or (ii) the business date of receipt, if transmitted by
courier or registered mail.
	 
	7.3	 	Either Party may, from time to time, change its address or representative for receipt
of notices provided for in this Agreement by giving to the other Party not less than 30
days prior written notice.
	 
	8.	 	ARBITRATION
	 
	8.1	 	If any despite arises amongst Parties hereto during the subsistence of this Agreement
or thereafter, in connection with the validity, interpretation,
implementation or alleged material breach of any provision of this
Agreement or regarding a question, including the questions as to whether the termination of this Agreement has been
legitimate, the Parties shall endeavor to settle such dispute
amicably.
	 
	8.2	 	In the case of failure by the Parties to resolve the dispute in the manner set out
above within 30 days from the date when the dispute arose, the dispute shall be referred to
arbitration of a sole arbitrator to be appointed by the Parties or in case of disagreement
as to the appointment of the sole arbitrator to a panel of three arbitrators with each
Party nominating one arbitrator and the arbitrators so appointed appointing

 
Page
8

 

 

the third arbitrator. The place of the court of arbitration shall be Mumbai. The arbitration
proceeding shall be governed by the Arbitration and Conciliation Act, 1996 and shall be in the English
language. The arbitrator/arbitral panel shall also decide on the costs of the arbitration
proceedings.

	8.3	 	The arbitrator’s/arbitral panel’s award shall be substantiated in writing and the Parties shall
submit to the arbitrator’s/arbitral panel’s award which shall be enforceable in the court of law in
Mumbai.
	 
	8.4	 	The provisions of this Clause shall survive termination of this Agreement.
	 
	9.	 	TERMINATION
	 
	 	 	This Agreement shall be terminated only in the manner provided herein and on no other ground.
	 
	9.1	 	Licensee may terminate this agreement any time for convenience after giving a written notice of
not less than twelve (12) months to the Licensor stating the Licensee’s intention to terminate.
	 
	9.2	 	Either Party (“Non-defaulting Party”) may terminate this Agreement in the event of a material
breach by the other Party (“Defaulting Party”) of any of its obligations under this Agreement,
provided that a 90 day’s written notice in that behalf is given to the Defaulting Party.
Notwithstanding the foregoing, if the Defaulting Party remedies the breach to the satisfaction of
the Non-defaulting Party within the said period of 90 days, the notice shall stand withdrawn and
this Agreement shall continue to be valid and binding. Provided however, and notwithstanding
anything to the contrary contained herein. If the Defaulting Party contends that no such breach has
occurred and / or such breach has been remedied, and if the Defaulting Party invokes the
arbitration clause contained herein, then and in such event, this Agreement shall not be terminated
by the Non-Defaulting Party until the arbitral panel constituted under the provisions of Clause 8
above has held that the Defaulting Party did commit such material breach and / or did not remedy
the same.
	 
	9.3	 	Notwithstanding anything contained in Clause 9.1 above, it is hereby agreed that if any of the
following events occur:

	 	(i)	 	If either party passes a resolution for voluntary winding up;
	 
	 	(ii)	 	If a receiver is appointed by a court of law in respect of
either Party’s property;
	 
	 	(iii)	 	If an order is passed by a competent court of law for winding
up of either Party;
	 
	 	(iv)	 	If either Party takes or suffers any action for dissolution or
liquidation;

	 	 	this Agreement may be forthwith terminated as the option of the other Party which option is to be
exercised in writing.

	9.4	 	Upon the expiry or earlier termination of this Agreement, the Licensee shall vacate the
Premises together with all its employees, agents and representatives who may be in occupation of
the Premises and hand over vacant possession thereof (duly debonded)
to the Licensor.

     

 
Page
9

 

 

	10.	 	RIGHT TO USE
	 
	10.1	 	Nothing contained herein shall be construed as creating any right, interest or tenancy in
favour of the Licensee in, over or upon the Premises or any part thereof or transferring any
interest therein in favour of the Licensee other than the rights and permissions granted
herein to use and occupy the Premises as a licensee for the term of this Agreement. This
licence is purely temporary for the period provided herein.
	 
	10.2	 	It is expressly agreed to between the Parties hereto that the Licensee shall not have any
right whatsoever in respect of the Premises or the area surrounding thereto or any part
thereof and it shall not at any time claim any rights whatsoever in respect of the Premises or
the area surrounding thereto or any part thereof other than the right to enter upon and enjoy
the use of the Premises or any part thereof as herein prescribed.
	 
	10.3	 	Upon the expiry or earlier termination of this Agreement the Licensee shall vacate the
Premises together with all its employees, agents and representatives who may be in occupation
of the Premises and hand over vacant possession thereof (duly debonded) to the Licensor. The
Licensee agrees and undertakes for itself and each of the persons aforesaid not to enter upon
the Premises or commit trespass after the expiry or earlier revocation of this Agreement.
	 
	10.4	 	Upon the expiry or earlier termination of this Agreement and in the event the Licensee fails
to vacate the Premises or any part thereof upon refund of the Security Deposits together with
its employees, agents and representatives who may be in occupation of the Premises and hand
over vacant possession thereof (duly debonded) to the Licensor, it is agreed that the Licensee
shall pay to the Licensor Rs. 56,488 per day from the date of such default until such time as
the Licensee vacates the Premises together with its employees, agents and representatives and
their belongings and has handed over vacant possession thereof (duly debonded) to the
Licensor. This is in addition to all other legal rights and remedies of the Licensor including
the right of the Licensor to use reasonable force to prevent the Licensee or any person
claiming under it from entering the Premises.
	 
	11.	 	MISCELLANEOUS PROVISIONS
	 
	11.1	 	Assignment and Sub-license
	 
	 	 	It
is expressly agreed by and between the Parties that juridical possession of the Premises
shall be always that of the Licensor. The Licensee is granted a
personal, non-transferable
and non-assignable licence to use the Premises on the terms and conditions stated herein.
Notwithstanding the foregoing the Licensee shall subject to prior written permission from
the Licensor (which permission shall not be unreasonably withheld by the Licensor) be free
to sublicense the Premises, provided granting of such a sub-license shall not discharge the
Licensee of its obligations hereunder.

	11.2	 	Relationship
	 
	 	 	Nothing contained herein shall be construed as creating any right, interest or tenancy in
favour of the Licensee in over or upon the Premises or any part thereof or transferring any
interest therein in favour of the Licensee other than the rights
and

 
Page
10

 

 

permissions granted herein to use and occupy the Premises as the Licensee for the term of
this Agreement.

	11.3	 	Amendments

No modification or amendment to this Agreement and no waiver of any of the terms or
conditions hereto shall be valid or binding unless made in writing and duly executed by
both Parties.

	11.4	 	Entirely

The
Parties hereto acknowledge, declare and confirm that this Agreement
represents the entire agreement between them regarding the subject matter hereof
and no alterations, additions or modifications hereto shall be valid and binding unless the
same are reduced to writing and signed by both the Parties after the execution of this
Agreement and the understanding reached in view of the Previous
Agreements and/or any other
letters, agreements, addendums, supplemental agreements shall stand terminated from the
Effective Date.

	11.5	 	Partial Invalidity

If
any provision of this Agreement is held to be invalid of unenforceable to any extent, the
remainder of this Agreement shall not be affected and each provision of this Agreement shall
be valid and enforceable to the fullest extent permitted by law. Any
invalid or unenforceable
provision of this Agreement shall be replaced with a provision that is valid and
enforceable and most nearly reflects the original intent of the unenforceable provision.

	11.6	 	Costs

All costs charges and expenses including but not limited to stamp duty, registration
charges etc. payable in respect of this Agreement shall be borne by the Licensor, provided
that as consideration for bearing the stamp duty and registration
charges payable in respect
of this Agreement, the Licensee shall pay such amount to the Licensor and in such manner as
mutually agreed in writing by the Parties. Each Party shall bear and pay the professional
costs of their respective consultants.

	11.7	 	Governing Law

This Agreement and all other transactions executed in pursuance hereof shall be governed and
construed in accordance with the laws of India.

 
Page
11

 

 

IN WITNESS WHEREOF the Parties hereto have hereunto set and subscribed their respective hands the
day and year first hereinabove written.

	 	 	 	 	 
	SIGNED AND DELIVERED BY

The within named ‘LICENSOR’

By the hand of Mr. C. K. Mehta

Director pursuant to Board Resolution dated 29th Nov ‘06

	 	/s/ C.K. Mehta
 

	 	  
	 
	SIGNED AND DELIVERED BY

The within named ‘LICENSEE’

By the hand of Col. Anil Ummat

V.P. Facilities & Administration pursuant to

Board Resolution dated
30th Nov. 2006

	 	/s/ Col. Anil Ummat
 

	 	  

 
Page
12

 

 

ANNEXURE — A

DESCRIPTION OF LICENCED PREMISES

     Office
premises admeasuring 36,500 sq.ft situated off Lower Ground Floor and Ground Floor of
the Building known as ‘SOFOTEL’ constructed on the piece
and parcel of the land bearing plot No. 192B situated at ‘Deepak Complex’, National
Games Road, Yerwada Taluka Sub District of
Haveli and within the Registration District of Pune, and situated within the limits of Pune Municipal
Corporation Pune.

 

 

Annexure B

The List of Furniture & Fixture on the Ground Floor & Lower Ground Floor

	 	 	 	 	 
	1.

	 	Work Stations with Runners
	 	119 nos
	2.

	 	Cabins
	 	5 nos
	3.

	 	Library Room With discussion table
	 	1 nos
	4.

	 	Discussion Room with Table
	 	1 nos
	5.

	 	Conference Room With Fixed Table
	 	2 nos
	6.

	 	Interview Room with Table
	 	1 nos
	7.

	 	Training Room
	 	1 nos
	8.

	 	Server Room with False Ceiling
	 	1 nos
	9.

	 	Chairs
	 	200 nos
	10.

	 	Reception Table
	 	1 nos
	11.

	 	Sofa Set
	 	2 nos
	12.

	 	Speakers
	 	54 nos
	13.

	 	Corner tables
	 	2 nos
	14.

	 	Centre Table
	 	1 nos
	15.

	 	Smoke Detectors
	 	31 nos
	16.

	 	Electricals	 	 

	 	 	 	 	 
	•

	 	Twin Tube 40 Watt (Big Size)	 	 
	 

	 	with Fittings
	 	122 Nos
	•

	 	Bulbs with fittings
	 	- 135 nos
	•

	 	Picture Lamps
	 	- 4 nos
	•

	 	9 Watt PI Lamps fittings
	 	- 43 nos

	17.	 	Air Conditioner

	 	•	 	7.5 Tr— 3 nos split air conditioners
	 
	 	•	 	5 Tr — 1 No Split Air conditioner

	18.	 	Venetian Blinds — Present on Windows across the floor Expect for Windows
Towards BSNL building.
	 
	19.	 	Acess Control System — To be activated by Zicom & confirm the working condition.
	 
	20.	 	Fire & Burglary Alarm System- To be activated by the
Zicom & confirm the working condition.

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