Document:

Exhibit 10.5 

 

 

TRANSFER DEED OF LEASE HOLD RIGHTS FOR INDUSTRY
IN CONNECTION WITH THE INDUSTRIAL PLOT N0.-1D, BLOCK- UDYOG VIHAR, GREATER NOIDA, DIST. GAUTAM BUDH NAGAR (U.P.) TOTAL PLOT AREA-
48564.09 SQ. MTRS. 

 

    	 

    	 

    

 

 

TRANSFER DEED OF LEASE HOLD RIGHTS FOR INDUSTRY
IN CONNECTION WITH THE INDUSTRIAL PLOT NO.ID, UDYOG VIHAR INDUSTRIAL AREA, GREATER NOIDA, DIST. GAUTAM BUDH NAGAR (UP) TOTAL PLOT
AREA 48564.09 SQ. MTRS. Circle Rate of land : Rs. 2400 Circle rate of construction (Industrial Shed) : Rs. 3800 Circle
rate of construction (Building) : Rs. 6600 Sale Consideration : Rs. 125680318 Stamp duty paid on : Rs. 125680318 Stamp
Duty : Rs. 10055000  This transfer deed is made and executed at GREATER NOIDA on this 25th day
of April, 2008 Between VIDEOCON INDUSTRIES LTD., a company incorporated and registered under Companies Act 1956 having
its registered office at 14 KM Stone, Aurangabad- Paithan Road, Village Chitegaon, Tal. Paithan, Dist. Aurangabad through its
authorized officer Mr. Rakesh Khanna S/o Chander Dev Khanna, R/o E-5/7-A, Shatabdi Vihar, Sector 52, Noida, of the first part,
herein after called the TRANSFEROR And BHARAT BUSINESS CHANNEL LTD., a company incorporated and registered under Companies
Act 1956 having its registered office at 171, C Wing, Mittal Court, Nariman Point, Mumbai 21 through its authorized officer Shri
Sanjeev Rathi S/o Mahesh Chand Rathi, R/o 1324, Sector 37, Faridabad, Haryana, of the second part, herein after called the TRANSFEREE.
(The expression and words of the Transferor and Transferee shall mean and include their legal heirs, successors, nominees,
assigns, executors, administrators and legal representatives respectively) Whereas, the transferor aforesaid is an allottee and
lessee and in possession of industrial plot No.ID, Udyog Vihar Industrial Area, Greater Noida, Dist. Gautam Budha Nagar (UP).
The total plot area 48564.09 sq. mtrs. and covered area 25 sq. mtrs. & Industrial Shed - 2358.29 sq mtrs. duly allotted by
Greater Noida Industrial Development Authority vide allotment letter No: IND-00139 dated 27th

 

    	 

    	 

    

 

 

February, 2000 and owner of the building erected thereupon herein
after referred to as the PROPERTY.  The said industrial building in question
is bounded as under. North East : ‘ Other Plot South East : 24 Mtrs. Road North West : Other Plot South West : 24 Mtrs.
Road And whereas the lease deed in respect of the said property has been executed by the Greater Noida Authority in favour of
the original allottee and same was registered in the office of Sub-Registrar, Gautam Budha Nagar, on Bahi No. Jild No. 230
, Page 189/234, Document No. 1278 on dated 29/3/2000. And whereas transferor
aforesaid has obtained the permission to transfer the said property in favour transferee from the Greater Noida Authority vide
their transfer memorandum No. Industry/Transfer /2008/623 dated 15/02/2008 and copies of said lease deed dated 29/3/2000 and copy
of transfer memorandum dated 15/2/2008 is annexed herewith And Whereas the Transferor aforesaid has transferred the above
said property in favour of the transferee for the total sale consideration of Rs. 125680318 (Rupees Twelve Crore Fifty Six Lacs
Eighty Thousand Three Hundred & Eighteen Only) and the Transferee have also agreed to acquire the same for this very amount.
NOW THIS TRANSFER DEED WITHNESSETH AS UNDER 

 

    	 

    	 

    

 

 

1) That the total consideration of the above said property has
been settled to as Rs. 125680318 (Rupees Twelve Crore Fifty Six Lacs Eighty Thousand Three Hundred & Eighteen Only) in between
both the parties. 2) That the Transferor has received a sum of Rs. 125680318 (Rupees Twelve 
Crore Fifty Six Lacs Eighty Thousand Three Hundred & Eighteen Only) from the Transferee as full and final payment, the receipt
of which the Transferor hereby acknowledges and the payments have been made in the following manner:- 3) That now there is no
balance due towards the transferee to be paid to the transferor in respect of the said property. 4) That the Transferor aforesaid
has assured the Transferee that the said property is free from all sorts of encumbrances such as charges, sale, lien, gift, pledge,
loan, dispute, mortgage, litigation and attachments. 5) That the Transferor has transferred all his lease hold rights and interests
in the said plot and ownership rights of the building there upon in connection with the said property TO HOLD the same by the
transferee finally, absolutely. 6) That the Transferor has handed over the vacant and actual physical possession of the said property
to the Transferee aforesaid on the spot. 7) That the Transferee is entitled to enjoy the full rights of the said property and
is entitled to further transfer, further construct and modify the industrial building ,on the said plot according to the bye laws
of the Greater Noida Industrial Development Authority and shall use the said industrial building only as lease for the remaining
part of the period of 90 years since 29/3/2000. 8) That the Transferee shall be entitled to setup the unit approved by the Authority
on the said industrial building and commission it. 

 

    	 

    	 

    

 

 

9) That the Transferee shall henceforth pay all the taxes and
lease rent as per prevailing rate (2.5.1 of total premium for first 10 years from the date of execution of lease deed and to be
revised as per laws of GNIDA) when rent will be revised, a supplementary leased deed will be executed by GNIDA. 10) That if after
transfer of the said plot, any dues are found upon and they will be paid by transferee with interest 
11) That the Transferee has decided to execute the transfer deed in the office of Sub-Registrar Greater Noida within 90 days after
issuing this Transfer Memorandum. 12) That the Transferor and the Transferee claim that the subject property is not mortgaged
and free from all encumbrances. In case the subject property is mortgaged then the transfer permission automatically stands revoked.
13) This Transfer Memorandum shall be the part of this Transfer Deed and it will be registered as a part of the transfer deed.
14) That any other allotment amount/dues/arrears shall be recovered from the Transferee. In case of default of payment present
rate of interest is 25% per annum compounded at half yearly rest for the defaulted amount for the defaulted period. 15) That the
Transferee shall be bound by the terms and conditions of the lease deed executed between the lessee and the Greater Noida on dated
29/3/2000 subject to the change mentioned in the transfer memorandum otherwise from time to time. 16) That the transferee shall
enjoy the leasehold rights of the above said property for the balance period of 90 years from the lease dated 29/3/2000.

 

    	 

    	 

    

 

 

17) That the Transferee automatically would inherit all the
Land & Building connected to the above property relating to deviation made in building viz. building plan against building
bye laws of the Authority.  18) That the transferee shall not at any
time carry out or permit to be carried on upon the demised premises any trade or business whatsoever or time or permit the same
to be used for any purpose other than the manufacture of Set top box, dish antenna, televisions, audio, video products, computers
and direct to home broadcasting services without the consent in writing of the GNIDA. The written request of the transferee shall
be disposed off within a reasonable period. 19) That the Transferee shall pay and discharge all rates, taxes, charges and assessments
of every description which are now or may at any time hereafter be assessed, charged or imposed upon either of the demised premises
or the building to be erected thereon. 20) That the transferee will pay unto the GNIDA the said rent on the days in the manner
hereinbefore appointed for payment thereof. 21) The transferee shall be bound by the Provisions of the Uttar Pradesh Industrial
Area Development Act, 1976 (U.P. Act No.6 of 1976) and rules and regulations framed and directions issued there under from time
to time. 22) The transferee shall ensure that the industrial effluents discharged by their unit shall meet the standards laid
down by Central or State Government to control the pollution and the transferee shall be governed by the State or the Central
enactment on the subject. 23) The transferee shall comply with the rules, regulations and directions issued by the Central/State
Pollution Control Board from time to time. 

 

    	 

    	 

    

 

 

24) The Transferee shall keep the factory building in good and
substantial condition and shall permit the GNIDA and its agents to enter upon the demised premises to view the condition of the
building and its appurtenances and give notice in writing to the transferee any defects and want of repair. The Transferee shall
within three calendar months after  receipt of such notice repair the
building accordingly. 25) That the Transferee shall provide and maintain at its own cost in good repairs a properly constructed
approach road or path leading from the public road to the building to be erected on the said plot to the satisfaction of the GNIDA.
26) The transferee shall keep the building material/wastes covered from public view. 27) That the Transferee shall not employ
any process in the manufacture of item approved by the GNIDA which may cause environmental hazard, vis. Atmospheric pollution,
effluent, discharge or in any form whatever. If in the opinion of the GNIDA there is any environmental hazard as stated hereinbefore
on account of any activity being carried out in the demised premises, the GNIDA shall have the right to force the transferee to
cease the activity and take suitable measures as the GNIDA may deem fit. 28) That the transferee may transfer, sublet, relinquish
mortgage or assign its interest in the demised premises or the building constructed thereon or both only with the previous permission
in writing of the GNIDA (whose decision shall be binding on the transferee and which permission shall not be unreasonably withheld.)
Provided further that prior permission as aforesaid shall not be necessary in the even of mortgage in favour of whether of the
Government of Uttar Pradesh or Industrial Financial Corporation of India Ltd. or in favour of Uttar Pradesh Financial Corporation
or Industrial Development Bank of India or the Life Insurance Corporation of India or Industrial Credit and Investment Corporation
of 

 

    	 

    	 

    

 

 

India or any Scheduled Bank, Pradeshiya Industrial and Investment
Corporation of U.P.. Provided also that the joint possession transfer of possession of the demised premises or any part thereof
by the GNIDA shall be deemed to be subletting for the purpose of this clause. 29) Every transfer, assignment, relinquishment,
mortgage or subletting as * referred to above shall be subject to and
the beneficiary thereof shall be bound by all the covenants and conditions contained in this deed and be answerable to the GNIDA
in all respect in the same manner as the original Transferee. 30) If the transferee commits any act or omission on the demised
premises resulting in nuisance, it shall be lawful for the GNIDA to ask the transferee to remove the nuisance within a reasonable
period failing which GNIDA shall itself get the nuisance removed at transferee’s cost and damages charged from the transferee
during the period of subsistence of nuisance. 31) That the transferee being a company, makes or attempts to make any alterations
whatsoever in the provisions of its Memorandum and Articles of Association or capital structure it shall inform the GNIDA accordingly
and the transferee hereby undertakes to get the prescribed particulars of the change registered with the Registrar of Companies
under Companies Act, 1956, within the stipulated period. 32) That in case of the use of the said industrial plot is not made by
the transferee in accordance with the other prevalent rules, regulations and directions of the Industrial Scheme of the Authority,
the proceedings will be initiated by the Authority for the cancellation of the allotment and the transferee shall not be entitled
to get any relief. 33) That there is no machinery, tools etc. in the constructed area Construction area is vacant. The factory
shed is about 7 years old.

 

    	 

    	 

    

 

 

34) If the Transferee does not abide by the terms and conditions
of the lease and residential purpose framed by the Authority then the lease may be cancelled by the Authority and the lessee/transferee
in such. 35) That the completion certificate is attached with this Transfer Deed of Lease Hold Rights for Industry. Mode of Payment

 

    	 

    	 

    

 

[SIGNATURE PAGE]

 

    	 

    	 

    

 

 

INDUSTRIAL PLOT NO. ID, UDYOG VIHAR INDUSTRIAL AREA, GREATER
NOIDA, DIST. GAUTAM BUDH NAGAR (UP) TOTAL PLOT AREA 48564.09 SQ. MTRS. AND COVERED AREA 25 SQ.
MTRS. & INDUSTRIAL SHED - 2358.29 SQ
MTRS

 

    	 

    	 

    
 

 

VIDEOCON INTERNATIONAL LTD.
PLOT NO. ID, INDL. AREA, 
GREATER NOIDA(U.P.) Ref. No. : VIL/2000-2001/ 
Date : 20.07.2000 To, The
Chief Executive Officer, Greater Noida Industrial Development
Authority,  UTTAR PRADESH 
Dear Sir, We, hereby, submit following documents for the approval
for construction of our factory at Plot No. lD, Industrial Area, Greater Noida(U.P.) : 1)
. Site Plan 2) .
Plan for manufacturing unit 3) . Parking
Plan 4) . Land Scape Plan 5)
. Final Assembly Block 6) .
Carton Store Plan 7) . Hazardous Store Plan 8)
. Electric Sub- station Plan 9) .
Appendix-1 10) . Appendix-2
11) . Appendix-8 in
one set of three copies each 12)
. Appendix-9 13) .
Appendix -10 14) . Appendix-12
15)
. Copy of the Council Architecture Registration Certificate of our Architect
16) . NOC- Pollution Control Board 17)
. Possession Certificate 18) . Lease Deed
19) . Registration Certificate 20)
. Allotment Letter  21) .
Ministry of Industry  Thanking you,  Yours
Faithfully,  For Videocon International Ltd.
Authorised Signatory 

 

    	 

    	 

    

 

APPENDIX -1

[See REGULATION NO. 5 (1)]

 

Form for first application
to erect, re-erect demolish or to make material alteration in a building.

 

To,

 

The Chief Executive Officer,

Greater Noida Industrial Development Authority

Uttar Pradesh

 

Sir,

 

I hereby give application
that I intend to erect/re-erect/demolish or to make material alteration in the building No                                                            
Shazra No.                                                       
on/in plot  10 Udyog Vihar, Greater Noida  no                                                                             
in Sector/colony                             
Bazaar/Street                             
Block/Mohalla/Bazar                        
in accordance with the Greater Noida Industrial Development Area Building: Regulations and I forward herewith the following
plans and specifications (Items No. 1 and 2 below) in triplicate. (One copy of each cloth bound) duly signed by me and the licensed
Architect/Engineer/Draftsman/Group license no                             
who will supervise its erection and copies of other statement/documents applicable (Items no. 3 to 12 below):

 

		1.	Site Plan

		2.	Building Plan including Service Plan

		3.	Supervision of Building work (Appendix-2)

		4.	General specification sheet (Appendix-8)

		5.	Ownership documents.

		6.	Attested/photostate copies of receipts for payment of application fee.

		7.	Application for drainage of premises in duplicate (Appendix-9)

		8.	Council of Architecture Certificate

		9.	N.B.O. form appendix-10 in duplicate

		10.	Indemnity Bond (In case of basement only) Appendix-11

		11.	Structural stability certificate from the licensed technical personal (Appendix-12)

		12.	Dimension plan (Certified on behalf of the Authority)

 

I request that the construction may be
approved and permission accorded to me to execute the work

 

Signature of the applicant

 

Name of applicant (In
Block Letter)                                            

 

Address of the applicant

  

    	 

    	 

    

 

 

GREATER NOIDA INDUSTRIAL DEVELOPMENT AUTHORITY
COMMERCIAL, COMPLEX, G-BLOCK, SECTOR - 20   NOIDA,
DISTT. GAUTAMBUDH NAGAR (U.P.) 201301  ALLOTMENT LETTER No /ADO/GN/U.V/99-100
DATE FORM NO: ALLOT DATE : ALLOT NO.: PAY PLAN: M/S V1DEOCON INTERNATIONAL LTD. P.O.BOX.N0.550
AUTO CARS COMPOUND, ADALAT ROAD, AURANGABAD-431005  SUBJECT: Confirm Allotment of Industrial
Plot no. ID Sector Udyog Vihar. Dear Sir (s), With reference to the Provisional Allotment No- 71/IND/99 Date 27-12-99
you have complied with the condition of the said letter. The Authority is pleased to allot the Plot No. 1 D meausring 48564 SQM.
In its, UDYOUG VIHAR Industrial area for manufacturing- TELE VISIONS, AUDIO & VIDEO,COMPUTERS,WASHING
MACHJINES,REFRIGERATORS,AIR CONDITIONERS & DISH WASHERS 1. (a) Total area of Plot 48564 Sqm. (b) Allotment rate of
land Rs. 500/- (c) Total provisional premium of the plot as per (a) above Rs. 24282000 (d) Allotment money (50% of the total provisional
premium) Rs. 12141000 calculate on (a)above. (e) Registration money deposited Rs. 801306 (f) Allotment money payable by 01-05-2000
Rs. 11339694 (after adjustment of Registration money). (g) Balance 50% amount with interest @ 15% per annum will be payable in
ten half yearly instalments. Details of payment of Instalments are enclosed. 2. In case of default on the part of the allottee
for non-deposit of allotment money, instalments or the execution of the legal documents and/or taking over possession of the ploit
or delay in payment of lease rent the allotment of the plot is liable to be cancelled. 

 

    	 

    	 

    

 

 

3. You may please quote Registration No. and details of Plot
etc. in all future correspondence. 4. No change in project can be make without the prior written permission of the Authority.
5. In case of any clarification about the allotment letter, you may meet the concerned officer in the office on any working day.
6. In case of any problem in implementation of the project with any state Govt.Deptt. or any coordination is required, please
contact Greater Noida Authority on any working day. 7. Allottee will obtain all the necessary permissions and clearances etc.
from the requisite Department /Agency as is necessary according to law, rules and regulations in force. This shall also apply
in case of relevant amenities / facilities that the allottee may need for their project. However in case of any problem the allottee
may approach this Authority, which will provide all feasible and available assistance to the allottee in procurement of the subject
amenities / facilities. 8. The allottee shall ensure full complained with the conditions imposed in this No objection certificate
issued by the U.P. Pollution Control Board and will work according to the Pollution Control laws in force. 9. The allottee will
comply with all the terms and conditions pertaining to the supply of water and drainage/ sewerage facilities when provided by
the authority.  10. The plot is allotted on as in where is basis. General
Manager(DIC) Gautam Budh Nagar For GreaterJNoida C.C. TO: 1. G.M.(F),Greater Noida. 2. G.M. (Engg ), Greater Noida. 3. G.M. (Planning),Greater
Noida. (R.K.SINGH)

 

    	 

    	 

    

 

	 	PLOT NO. 10

UDYOG VIHAR

 

	
         

        
	
        PLOT OF

        M/S DAEWOO

        ANCHOR

        ELECTRONICS

         

 

	 	FOR VIDEOCON INTERNATIONAL LTD.
	 	 
	 	Authorised Signatory

 

AREA = 48564100 Sqm.

	
        

        Possession Taken Over
	
        Possession Handed Over

         

        Astt manager
	 
	LEASE PLAN OF PLOT NO 10

UDYOG VIHAR:	
        Prepared by [signature] 23/3/2000

         

        Astt manager                      manger

	 	 

 

    	 

    	 

    

 

 

GREATER NOIDA INDUSTRIAL
DEVELOPMENT AUTHORITY

COMMERCIAL COMPLEX, SECTOR - 20

NOIDA, DISTT, GHAZIABAD. (U.P.)

PIN - 201 301

 

	POSSESSION CERTIFICATE

 

	 	 	 	Letter No	Engg/CD IV/2000/2990
	 	 	 	Date	29/3/2000
	 	 	 	 
	Plot Code	 	 	Lessee/Allotee's Name

	Allotment No	IND-00139	 	& Address	M/S Videocon International Ltd

	Plot No	1-D	 	through Sh. Narendra Verma

	Block No	 	 	P.O. Box No. _550

	Sector	Udyog Vihar	 	Adalat Road - Aurangabad 431005

	 	 	 	 
	Status/Boundaries of plot	Dimensions	Area (in Sq. m.)	Remark
	North	east	other plot	 	 	 
	South	east	24m road	 	 	 
	North	west	other plot	148.06 X 328.00 = 48564.00 sqm
	South	west	24m road	 	 	 
	 	 	 	 

 

Site plan of the plot is enclosed herewith

 

I/We have taken over possession of
the plot No 1-D Block No - Sector Udyog Vihar on 28-3-2000

 

I/We agree with the plot size, area,
earmarked in the enclosed plan and the plot is free from encroachment.

 

	Possession handed over by	Possession taken over by
	 	 
	                                        

Assistant Manager (Civil)	                                        

Signature of the lessee

 

Copy to:

 

		1.	Lessee.

		2.	General Manager (Property)

		3.	General Manager (Finance)

(                                       )

Assistant Manager (Civil)

 

    	 

    	 

    

  

 

TRANSFER PEEP OF LEASE HOLD RIGHTS FOR INDUSTRY IN
CONNECTION WITH THE INDUSTRIAL PLOT NO.-1D, BLOCK- UDYOG VIHAR, GREATER NOIDA, DIST. GAUTAM BUDH NAGAR (U.P.) TOTAL PLOT AREA-
48564.09 SQ. MTRS.

 

    	 

    	 

    

 

	No. 999 Rs. ___________	 
	 	 
	17 Apr 2008	 
	 	 
	Included in 995	 
	 	 
	Cashier	 
	 	 
	* Treasury/Gautam Budh Nagar*	 

 

Purchaser

 

	Registration No. 5108	Year: 2008	Book No. 1	 	 
	 	 	 	 	 
	0201 Bharat Business Channel Limited through Sanjeev Rathi	 	
        Photo
	 	
        Thumb 

Impression

         

	Mahesh Chandra Rathi, 	 	 	 	 
	 	 	 	 	 
	171, C Wing, Mittal Court, Nariman Point, Mumbai – 21	 	 	 	 
	 	 	 	 	 
	Service	 	 	 	 

 

    	 

    	 

    

 

 

TRAMSFER DEED OF LEASE HOLD RIGHT FOR INDUSTRY 
IN CONNECTION WITH THE INDUSTRIAL PLOT NO.-1D, BLOCK- UDYOG VIHAR, GREATER
NOIDA, DIST. GAUTAM BUDH NAGAR (U.P.) TOTAL PLOT AREA- 48564.09 SQ. MTRS.

 

    	 

    	 

    

 

 

TRANSFER PEEP OF LEASE HOLD RIGHTS FOR INDUSTRY IN
CONNECTION WITH THE
INDUSTRIAL PLOT NO.-1D, BLOCK- UDYOG VIHAR, GREATER NOIDA, DIST. GAUTAM BUDH NAGAR (U.P.) TOTAL PLOT AREA- 48564.09 SQ. MTRS.

 

    	 

    	 

    

   

	No. 996 Rs. ___________	 
	 	 
	17 Apr 2008	 
	 	 
	Included in 995	 
	 	 
	*Treasury/Gautam Budh Nagar*	 

  

Transfer Document

 

	25,680,318.00	5,000.00	30	5,030/-	1,500
	 	 	 	 	 
	 	Registration Fees	Duplicate Fee	Total	Approximate Words

 

Sri/ Smt. Videocon Industries Limited through
Rakesh Khanna,

 

S/o Sri Chandra Dev Khanna,

 

Occupation: Service,

 

	
        Residential Address: 14, KM Stone, Aurangabad,

        Paithan Road, Chitegaon, District Aurangabad

        Temporary Address: 14, KM Stone, Aurangabad,

        Paithan Road, Chitegaon, District Aurangabad
	 
	 	Thumb 

Impression

 

Rajesh Tiwari

Dy. Registrar,

Gautam Budh Nagar Taluka,

25/04/2008

 

Has produced this document on date: 25/04/2008,
Time: 5:13 PM, before this office for registration purpose.

 

Execution of Instrument after careful reading
and understanding and receiving the amount Rs. as per the aforesaid Agreement.

 

	Seller	 	 	Purchaser
	Sri/ Smt. Videocon Industries Limited	 	 	Sri/ Smt. Bharat Business Channel Limited, 
	through Rakesh Khanna	 	 	through Sanjeev Rathi,
	S/o Sri Chandra Dev Khanna,	 	 	S/o Mahesh Chandra Rathi,
	Occupation: Service,	Thumb	 	Occupation: Service,	Thumb
	R/o: 14, KM Stone, Aurangabad,	Impression	 	R/o: 171, C Wing, Mittal Court, 	Impression
	Paithan Road,	 	 	Nariman Point, Mumbai – 21
	Chitegaon, District Aurangabad	 	 	 

  

    	 

    	 

    

 

 

TRANSFER DEED OF LEASE HOLD RIGHTS FOR INDUSTRY
IN CONNECTION WITH THE INDUSTRIAL PLOT NO.-1D, BLOCK- UDYOG VIHAR, GREATER NOIDA, DIST. GAUTAM
BUDH NAGAR (U.P.) TOTAL PLOT AREA- 48564.09 SQ. MTRS.

 

    	 

    	 

    

 

 

TRANSFER DEED OF LEASE HOLD RIGHTS FOR INDUSTRY
IN CONNECTION WITH THE INDUSTRIAL PLOT NO.-1D, BLOCK- UDYOG VIHAR, GREATER NOIDA, DIST. GAUTAM
BUDH NAGAR (U.P.) TOTAL PLOT AREA- 48564.09 SQ. MTRS.

 

    	 

    	 

    

 

	No. 997 Rs. ___________	 	 
	 	 	 
	17 Apr 2008	 	 
	 	 	 
	Included in 995	 	 
	 	 	 
	Cashier	 	 
	 	 	 
	*Treasury/Gautam Budh Nagar*	 	 

 

	Accepted the Execution	 	 
	 	 	 
	Who is identified as Shivendra Krishna Singh,	Thumb	 
	S/o V.K. Singh,	Impression	 
	Occupation: Service,	 	 
	R/o L-80, RL Nagar, Sector – 50, Noida and	 	 
	 	 	 
	In Witness of: Kapil N. Bhatt, S/o R. N. Bhatt,	Thumb	 
	Occupation: Service,	Impression	 
	R/o C-190, SF-2, Ramprasad, Ghaziabad	 	 

 

Thumb impressions of witnesses were taken
as per rules.

 

Rajesh Tiwari,

Dy. Registrar,

Gautam Budh Nagar Taluka,

25/04/2008

 

    	 

    	 

    

  

	No. 998 Rs. ___________	 	 
	 	 	 
	17 Apr 2008	 	 
	 	 	 
	Included in 995	 	 
	 	 	 
	Cashier	 	 
	 	 	 
	*Treasury/Gautam Budh Nagar*	 	 

 

	 	 	 	 	Seller	 	 
	 	 	 	 	 	 	 
	 	 	Registration No. 5108	 	Year: 2008	 	Book No. 1

 

	Videocon Industries Limited	 	Photo	 	Thumb
	Through Rakesh Khanna	 	 	 	Impression
	Sri Chandra Dev Khanna,	 	 	 	 

14, KM Stone, Aurangabad, Paithan Road,
Chitegaon, District Aurangabad

ServiceExhibit 10.6

 

50,000/-

 

 

LEAVE
AND LICENCE AGREEMENT

  

THIS
LEAVE AND LICENCE AGREEMENT (“Agreement”) is made at Mumbai on this 23rd day of
October Two Thousand Twelve (“Effective Date”)

 

BETWEEN

 

V-Techweb
(India) Pvt. Ltd. a company incorporated under the provisions of the Companies Act, 1956 and having its registered
office at 302, Lotus House, 6 New Marine Lines, Mumbai-400020  (hereinafter
referred to as the “Licensor” which expression shall 
unless repugnant to the meaning or context thereof shall be deemed to mean and include its successors in business and), of
the ONE   PART; 

 

 

		

 

    	Interjuris,
Advocates & Associates	1

    	 

    

 

AND

 

BHARAT
BUSINESS CHANNEL LIMITED, a Company incorporated under the provisions of the Companies Act, 1956, having its registered office
at Auto Cars Compound, Adalat Road, Aurangabad - 431 005, (hereinafter referred to as “Licensee” or “BBCL”
which expression shall unless repugnant to the context or meaning thereof be deemed to mean and include its successors in
business) of the OTHER PART.  

 

Each of the Licensor and
the Licensee shall be individually referred to as the Party and collectively as the Parties.

 

WHEREAS:

 

		I.	BBCL,
under the License issued by the Ministry of Information and Broadcasting, Government of India, is in the
business of establishing, maintaining and operating
Direct to Home (“DTH”) transmission services on the satellite 
television platform, to its subscribers in the territory of India (“DTH
services”).

 

		II.	The
                                         Licensee is in need of a Premises to carry out its
                                         aforesaid
                                         activities and has requested the Licensors to grant it a Licence to use and occupy the
                                         Licensed Premises. The Licensee has represented to the Licensors and has declared
                                         that the paid up share capital of the Licensee is above Rupees one crore and it shall
                                         maintain the same throughout the License Term.

 

		III.	The
                                         Licensor has represented to the Licensee that by and
                                         
                                         under a development agreement dated 10th January 2006,

  

		

 

    	Interjuris,
Advocates & Associates	2

    	 

    

 

Mr.
Vasant R. Jadhav and Mr.
Ajit Kumar Karsandas Hamlai the Promoters of MAHER
- CO-OPERATIVE SOCIETY LIMITED a Society registered under the Maharashtra Co-operative Societies
Act, situated at Village 
Oshiwara, Taluka Andheri, Link Road, Jogeshwari (W), Mumbai - 400102 (therein referred to
as the “Owners”)
and the Licensor therein referred to as the “Developers”),
the Owners granted full and complete development rights to the Licensor to develop the plot of land bearing CTS No. 131, 133,
and 233 admeasuring 5630 sq. mtrs. lying and being
situated at Village Oshiwara, Taluka Andheri, Greater
Mumbai (hereinafter referred to as the said “Lands”).  

 

		IV.	In
view of the development rights granted to the Licensor 
under the said development agreement dated 10th January 2006, the Licensor has constructed a building known as Tech
Web Centre, on the Lands bearing CTS No. 131, 133, and 233, New Link Road, Oshiwara, Jogeshwari (W), Mumbai - 400 102 (hereinafter
referred to as the said “Building”)
which is more particularly described in the First 
Schedule of the Agreement.

 

		V.	The
Licensor has constructed the said Building and is the 
absolute and lawful Owner and is seized and possessed of and is entitled to the premises in respect of area 

 

	 	a)	On
                                         Ground Floor:- admeasuring 23,500 sq. ft., chargeable area i.e. 17,625 sq. ft. carpet
                                         area of the Ground Floor,

 

		

 

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		b)	On
First Floor:- admeasuring 27,108 sq. ft. chargeable area i. e.
20,331 sq.ft. carpet area out of which 9,000 sq.ft. comprises of closed terrace in the First Floor, (the
aggregate area of the ground and the first floor admeasuring 50,608 sq.ft. chargeable area) along with 40 car parks and an additional
5 car parks on chargeable basis  in
the said Building subject to availability of additional car parks.

 

Based
on the representation of the Licensor to the Licensee under this Agreement, the Licensee has requested the Licensor to let out
the aforesaid Premises (as hereinafter 
defined) being Ground Floor and First Floor, Techweb Centre, New Link Road, Oshiwara, along with 40 car parks and an additional
5 car parks on chargeable basis subject to availability of additional car parks (hereinafter collectively referred to as 'the
said Premises' which is marked in red colour in the plan and more particularly described in the Second Schedule hereunder
written) on Leave & License basis for the purpose of carrying on business of the 
Licensee for a period of 60 months from the Commencement Date (hereinafter defined) of this
Agreement on the terms and conditions hereinafter appearing.;  

 

		VII	The Licensor,
                                                                                                                                                                        upon assurances of the Licensee that it shall 
                                                                                                                                                                        strictly abide by the stipulations contained in this Agreement has agreed to grant on a Leave and License basis to the Licensee
the said Premises on the terms and conditions as stipulated herein under.

 

		

 

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

 

		1.	LICENSE:

 

		1.1	The
Licensee has conducted the legal due diligence in respect of
the said Premises and is satisfied that the title of the said  
premises belongs to the Licensor.

 

		1.2	The
Licensor hereby grants unto the Licensee merely on Leave and
License basis to use and occupy the said Premises in a 
bare shell and core condition, for a period of
60 (Sixty) months  commencing
from the Commencement Date (as hereinafter defined)

 

		2.	THE
LICENSED PREMISES:

 

The said Premises comprises of the following area 
admeasuring 

 

		(a)	23,500
sq. ft. chargeable area i.e. 17,625 sq. ft. carpet area
of the Ground floor

 

		(b)	27108
sq. ft. chargeable area i.e.20331 sq. ft. carpet area
out of which 9000 sqft closed terrace of the First floor of Techweb Centre, New Link Road, Oshiwara,

 

(the
aggregate area of the ground and the first floor admeasuring 50,608 sq.ft. chargeable area) along with 40 car parks
and additional 5 car parks on chargeable basis subject to availability of the additional car parks.

 

		

 

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		3.	TERM
OF LICENSE:

 

		3.1	The
                                         term of this Agreement shall be for a term of 60 months commencing
                                         from 1st October, 2012 (“Commencement Date”) and expiring
                                         on 30th Sept 2017 referred to as the “Licensed Period”).
                                         The initial period of three years commencing from the date of execution of this agreement
                                         shall operate as the lock in period for both the Licensor and the Licensee and neither
                                         party shall terminate this Agreement during the lock-in period, unless otherwise provided
                                         under this Agreement.

 

		4.	MONTHLY
LICENSE FEE:

 

		4.1	In
consideration of the Licensor granting the right to the Licensee
to occupy and use the said Premises, the Licensee shall pay the Licensor, the fees as stated below:

 

		a)	For
                                         Ground floor:- shall be sum of Rs. 14,00,000/- 
                                         (Rupees Fourteen Lakhs only) per month.  

 

		b)	For
                                         First Floor: - shall be sum of Rs. 11, 00,000/- 
                                         (Rupees Eleven Lakhs only) per month.

 

(hereinafter
referred to as the “Monthly Licence Fee”), from the Commencement Date which shall be subject to income tax
deductible at source (TDS) as per the Income Tax Act, 1961. The Licensee shall also be liable to pay service tax or any replacement
tax or any replacement tax of similar nature and surcharges, cess or levy on such tax levied (Service Tax) on the License Fee.

 

		

 

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		4.2	The Monthly Licence Fee shall be paid on or before the 5th
day of each month in advance. If there is delay in payment of the Monthly Licence Fee and /or any other payment payable under this
Agreement, the Licensee shall pay an interest of 12 % p.a. of the Monthly Licence Fee to be calculated from the due date of each
of such payment, up to the date of full realization thereof, in addition to the Monthly License Fee. Licensee shall deposit the
Tax Deducted at Source (TDS) before the concerned statutory. The Licensee shall issue a TDS certificate to the Licensors for all
TDS deducted within the time prescribed under the Income-tax Act, 1961 and the rules made there under.

 

		4.3.	The Monthly License Fee will be first escalated by 10 % with
effect from 21st April 2013 on the last paid Monthly License Fee and the second such escalation shall be effective from
three years thereafter.

 

		5.	INTEREST FREE REFUNDABLE SECURITY DEPOSIT:

 

		5.1	The
                                         Licensee shall deposit with the Licensor 3 (Three) Months Monthly License Fee equivalent
                                         to Rs. 75,00,000 ( Rupees Seventy Five Lakhs) as Interest free refundable Security Deposit
                                         (hereinafter referred to as the “Security Deposit”) as under:

 

		a.	for Ground floor :- a sum of Rs.42,00,000/- (Rupees
Forty Two Lakhs Only)

 

		

 

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		b.	for
                                         first floor :- a sum of Rs. 33,00,000/- (Rupees Thirty Three Lakhs Only) 

 

aggregating
to a sum of Rs.75,00,000/- (Rupees Seventy five Lakhs Only) (“Interest Free Refundable Security Deposit”) to
the Licensor on the execution of these presents or on such date as may be mutually agreed between the Parties. The Licensor shall
hold the Interest Free Refundable Security Deposit during the Licensed Period and the Licensor shall refund the said Interest
Free Refundable Security Deposit to the Licensee in accordance with the provisions of this Agreement.

 

		6.	REFUND OF INTEREST FREE SECURITY DEPOSITS:

 

		6.1	In the event of expiry of this Agreement herein, the Interest
Free Refundable Security Deposit shall be refunded to the Licensee after making appropriate deduction, if any applicable, simultaneously
with the Licensee handing over vacant and peaceful possession of the said Premises to the Licensor.

 

		6.2	In the event of earlier termination of this Agreement, subject
to terms and conditions of this Agreement, the Licensor shall refund the Interest Free Refundable Security Deposit within 7 days
of the termination of this Agreement and the Licensee shall simultaneously hand over vacant and peaceful possession of the said
Premises to the Licensor.

 

		

 

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		6.3	The Licensor shall be entitled to adjust amount from the
Interest Free Refundable Security Deposit in case of non- payment of monthly license fee and utility charges, taxes, Tax Deducted
at Source (TDS), Service tax, levies as payable by the Licensee under this Agreement.

 

		6.4	Licensors shall during the License Term be entitled to adjust
all amounts in arrears in terms of the Leave and License Agreement, (if the same are outstanding for a period of 15 (Fifteen) days
after the same are due by the Licensee from the Security Deposit and the Licensee shall during the License Term deposit the amount
so adjusted so as to ensure that throughout the License Term there is deposited by the Licensee a sum equivalent to 3 months License
Fees.

  

		7.	CONSEQUENCES OF LICENSOR’S INABILITY TO REFUND
INTEREST FREE SECURITY DEPOSIT:

 

In
the event of any failure by the Licensor to refund the Interest Free Refundable Security Deposit as per the provisions mentioned
hereinabove, the Licensee shall be entitled to continue to use and occupy the said Premises without payment of Monthly License
Fee. In addition, the Licensor shall pay an interest of 12% per annum from the due date upto the date of full realization thereof.
However the Licensee shall have an obligation to pay the utility charges on actual basis to the Licensor until such time the Licensor
refunds the Interest Free Refundable Security Deposit, in case the Licensee occupies the said Premises.

 

		

 

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		8.	CONSEQUENCES
OF LICENSEE’S INABILITY TO VACATE THE SAID PREMISES:

 

		8.1	In the event the Licensor is ready and willing to refund
the Interest Free Refundable Security Deposit to the Licensee, after making appropriate deduction, if any, but the Licensee does
not vacate the Licensed Premises on the Expiry Date or on early termination then the Licensee shall be liable to pay to the Licensor
liquidated damages i. e the Licensee shall pay to the Licensor interest @ 18% per annum on the monthly License Fees without prejudice
to other legal rights of the Licensor. If the Licensee fails and neglects to vacate the said premises within six months from the
expiry of this Agreement or early termination, in such an event the Licensee shall be liable to pay liquidated damages of the daily
license fees from the period commencing after six months from the expiry of the Agreement or early termination till the date the
Licensee removes themselves from the said premises and hands over vacant and peaceful possession of the said premises to the Licensor,
without prejudice to the legal rights of the Licensor.

 

		

 

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		9.	NON-PAYMENT OF MONTHLY LICENSE FEE, AND UTILITY CHARGES
OR OTHER CHARGES ON VACATING THE SAID PREMISES:

 

On
the expiry of Licensed Period or early termination of this Agreement, if the Licensee vacates the said Premises without paying
the outstanding Monthly License Fee, and /or outstanding utility charges, deposit of TDS and service tax and other charges, if
any, which are payable by the Licensee as mentioned in this Agreement in respect of the said Premises then the Licensor is entitled
to deduct the same from the Interest Free Refundable Security Deposit and the balance amount of the Interest Free Refundable Security
Deposit after such deduction will be refunded to the Licensee. If on the expiry of the Licensed Period and/or early termination
as the case may be payment for bills in respect of various charges such as electricity bills and telephone bills remain outstanding
then the Licensor will retain 3 months average amount of such electricity and telephone charges from the Interest Free Refundable
Security Deposit and the balance amount of the Interest Free Refundable Security Deposit will be refunded to the Licensee.

4

		10.	UTILITY CHARGES MAINTENANCE CHARGES:

 

		10.1	In addition to payment of the Monthly License Fee as herein
above provided, the Licensee shall pay the charges for electricity, water and telecommunication consumed by the Licensee in the
said Premises at actual as shown by a separate meter and billed by the respective competent authorities.

 

		

 

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		10.2	The Licensee shall be responsible to obtain any additional
power required by the Licensee over and above the connected load provided. However, the Licensor shall co-operate with the Licensee
to obtain such additional power. Any security deposit to be paid to obtain such additional power shall be paid by the Licensee
and shall be deposited with the concerned authority and this security deposit will be refunded to the Licensee by the licensor
pursuant to surrender of the said additional power on  expiry of or earlier termination of the Agreement. The Licensor shall provide
24X7 hour back up power of 180 KVA to the Licensee from its generator sets. The Licensee shall be charged by the Licensor for the
power consumed from the generators on actual based on the number of units of power consumed by the Licensee as per the meter installed
at respective premises.

 

		10.3	The Licensor shall pay the maintenance charges in respect
of the common area of the said Building subject to the provisions of this Agreement. However, the Licensee shall be responsible
and liable for the day-to-day minor internal maintenance of the said Premises.

 

		11.	WATER SUPPLIES AND SEWERAGE:

 

		11.1	The
                                         Licensor shall provide adequate water supply for usage in toilets (hereinafter referred
                                         to as the “Licensee’s Toilets") from the existing supply that
                                         the Licensor is availing from the Municipal Corporation of Greater Mumbai (“MCGM”).
                                         The Licensee shall pay to the Licensor the necessary charges for water supply. However,
                                         in the event of MCGM failure to provide adequate water supply, the Licensor shall arrange
                                         to procure the water at Licensee’s cost.

 

		

 

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		11.2	The Licensor shall provide for sewerage connection to the
Licensee’s Toilets.

 

		12.	PAYMENT OF TAXES:

 

		12.1	Payment of all current and / or future property taxes shall
be borne by the Licensor.

 

		12.2	If service tax and/or any other taxes is/are levied by the
concerned authority under the provision of Finance Act or under any other acts or statute of the State Government for or in respect
of said Premises, then the Licensee shall be liable to bear and pay or reimburse such tax or amount to the Licensor.

 

		13.	THE LICENSOR’S COVENANT/ OBLIGATIONS:

 

The
Licensor hereby covenants with the Licensee as under:

 

		13.1	The Licensor confirms that on the Licensee paying the Monthly
License Fees hereby reserved, deposit of TDS amount with the concerned authorities and performing all covenants contained herein
or stipulated, the Licensee shall be entitled to hold, possess, peacefully use and occupy the said Premises during the Licensed
Period for the Purpose, without any interruption or hindrance from the Licensor or any person claiming under the Licensor.

 

		

 

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		13.2	The Licensor shall be responsible for and shall at its cost
carry out all structural repairs, external painting, and all other major civil, electrical, elevator related and plumbing works
in respect of the said Premises including but not limited to bursting of water and sanitary pipes and cracks in the structure,
seepage etc. Such repairs shall be attended to and repaired by the Licensor within 24 hours of notice in writing sent by the Licensee
to the Licensor or such other time period as may be mutually agreed by the Parties or the Licensee may at its option get the repairs
done with prior permission of the Licensor and the Licensee shall raise the bills for such repair which shall be payable by the
Licensor to the Licensee within 30 days of the date of receipt of such bill.

 

		13.3	The Licensor grants to the Licensee, such permission at the
Licensee’s cost to carry out such additions limited to installing necessary appliance therein subject to that no inconvenience
should cause to the other occupant of the said Building, and at the time of vacating the said Premises, the Licensee shall be entitled
to take away, without affecting the said Premises, all such additions, installations fittings made by the Licensee in the said
Premises as are of moveable nature and shall leave behind the flooring and counters that would have been installed in the said
Premises by the Licensees and cost of the flooring and counters that would have been installed shall not be reimbursed by the Licensor.

 

		

 

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		13.4	During the term of this Agreement, the Licensor shall
                                                            have the right to sell or mortgage the said Premises occupied by the Licensee to
                                                            any third party. However, the Licensee’s interest shall not be prejudice in spite of change in the ownership of the
                                                            said Premises. In such an event, the Licensor shall obtain a written confirmation from the purchaser as the case may be that
                                                            the rights of the Licensee granted in terms of this Agreement shall not be impaired by such sale.

 

		13.5	The Licensor shall be responsible for taking all the insurance
in respect to said Building, however it shall be obligation of the Licensee to insure the equipments situated within the said Premises.

 

		13.6	The
                                                                                                                            Licensor shall ensure that the Licensee is entitled to use
                                                                                                                            occupy and enjoy the said Premises in accordance with the terms of this Agreement
                                                                                                                            without any interference, hindrance or disturbance from the Licensor and / or any other person, including closure / sealing
                                                                                                                            of the said Premises by any authorities. Save and except as provided under this Agreement it shall be the obligation of the
                                                                                                                            Licensor to pay all the taxes and other levies such as municipal and property tax, water tax, urban land tax, etc. in respect
                                                                                                                            of the said Premises to the concerned appropriate authority/authorities to ensure that the peace
                                                                                                                            full occupation of the Licensee is not disturbed due to the non-payment of the aforesaid tax as mentioned
                                                                                                                            hereinabove

 

		

 

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		14.	THE LICENSEE’S COVENANT/ OBLIGATIONS:

 

		14.1	The Licensee hereby covenants with the Licensor as follows:
-

 

		14.2	The Licensee shall regularly pay the Monthly License Fee
and service tax hereby reserved, deposit TDS amount as set out in Clause herein above without any default or delay.

 

		14.3	The Licensee confirms and agrees that pursuant to due open
market survey on fair market value of the said property and/or said Premises, Licensee has agreed to pay Monthly License fee hereby
reserved and further indemnify to the Licensor that they shall not dispute the Monthly Licensee Fee as mutually agreed upon during
the Licensed Period.

 

		14.4	The Licensee shall observe and comply with all applicable
rules, regulations and bye laws in relation to the said Premises.

 

		14.5	The Licensee is and shall not engage in any illegal activity
within the said Premises.

 

		

 

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		14.6	The Licensee shall carry out all minor repairs (such as water
leakage/ seepage/internal plumbing), if any, in or to the said Premises at the time of vacating the said Premises or on expiry
of the License Period, the Licensee shall remove and take away all such furniture, equipment and installations, fittings made by
the Licensee in the said Premises as are of moveable nature and may leave behind the flooring and counters that would have been
installed in the said Premises by the Licensee and cost of the flooring and counters that would have been installed shall not be
reimbursed by the Licensor.

 

		14.7	The Licensee shall maintain the said Premises in good
condition and will not cause any damage thereto subject to natural wear and tear and
shall give back the said Premises to the Licensor on the expiry of Licensed Period under good and tenantable condition. The Licensee
shall maintain the said Premises in good condition and will not cause any damage thereto. If any damage is caused to the said Premises
or any part thereof by the Licensee or its employees, servants or agents, the same will be made good by the Licensee at the cost
of the Licensee either by rectifying the damage or by paying cash compensation as may be determined by a mutually agreed upon architect.

 

		14.8	The Licensee shall not store or keep any goods in the said
Premises, which are hazardous or dangerous in nature

 

		14.9	The Licensee may bring such equipments as are necessary for
carrying on its business in the said Premises in relation to the Purpose, provided that while such equipments are within the said
Premises, all such equipments shall be at the risk of the Licensee and the Licensor shall not be liable for any damage / injury
to such equipment unless the same has been caused by the Licensor or its employees or agents.

 

		

 

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		14.10	The Licensee shall regularly pay all electricity, water and
telephone bills in the manner in this Agreement and in failure thereof the unpaid amount shall be deducted by the Licensor at the
time of refunding the Interest Free Refundable Security Deposit.

 

		14.11	In no event without the consent
of the Licensor, the Licensee shall carry out any, major additions or alterations, installations works on external part of the
said Premises and/or permanent nature in the said Premises. However, Licensee shall be entitled to make, alter/modification, install
equipment inside the said Premises. The Licensee shall not during the Licensed Period make any structural alterations in the said
Premises but shall be at liberty to install air-conditioners and such other electrical appliances and other conveniences reasonably
required without making any major external elevation in the said Building.

 

		14.12	The Licensee may at its own costs, reasonably insure
and keep insured during the Licensed Period , all its furniture, fixtures and other equipment and valuables, kept or installed
and all its property lying in the said Premises from and against any loss or damage caused by earthquakes, fire, theft, etc.

 

		

 

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		14.13	The Licensee, its employees/ representative, holding or subsidiary
Company, group companies and affiliates shall not do any act, which may cause damage to insurance of the said Premises.

 

		14.14	The Licensee shall not during the Licensed Period make any
structural alterations in the said Premises but shall be at liberty to install air-conditioners and such other electrical appliances
and other conveniences reasonably required by the occupants of the said Premises, and which remain the property of the Licensee
and shall be removed by the Licensee on vacating the said Premises, provided however that the said Premises are not damaged in
any manner whatsoever. If any damage is caused to the said Premises at the time of removal of such installations the same shall
be made good by the Licensee.

 

		14.15	At the time of vacating the said Premises or on the expiry
of this Agreement, the Licensee shall take away all the furniture, equipments and installations and fittings made by the Licensee
without causing any damage to the said Premises.

 

		14.16	The Licensee shall be entitled to engage/employ, at its cost
and expense, security guards for the said Premises who shall be positioned/ located at the said Premises.

 

		

 

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		14.17	The Licensee, its employees, agents and clients shall at
all times be entitled to the use of the common areas, lifts, passages and access way to the said Premises on a 24 x 7 basis. The
common services, including lighting in common areas, shall also be made available to the Licensee at all times at no extra charge.

 

		14A.	REPRESENTATIONS AND WARRANTIES BY
THE LICENSOR

 

		(a)	The Licensor represents that the said Building on which the
a said Premises is located has been constructed in accordance with the building plans sanctioned and approved by the concerned
authorities and that the Licensor is not in breach of any statutory/municipal regulations with respect to the construction on the
said Building/ property.

 

		(b)	The Licensor represents that no permission or prior approval
is required for letting out the said Premises for use and occupation by the Licensee for the Purpose.

 

		(c)	The Licensor is the absolute owner
and is well and sufficiently entitled to the said Premises and has good right, full power and absolute authority to enter into
this Agreement with the Licensee for the Licensed Period and in the manner contemplated in this Agreement.

 

		

 

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		15.	JOINT USER

 

		15.1	It is agreed by and between the Parties hereto that the license
hereby given by the Licensor to the Licensee is personal and restricted to the Licensee and/or Affiliates and/or its Group Companies.
It is clearly agreed and understood that the Licensee shall not be entitled to permit use and occupation and /or create any other
third party rights in respect of the said Premises or any part or parts thereof in any manner whatsoever and provided however,
it shall always be the responsibility of the Licensee herein that such Group company / Affiliates /subsidiaries vacates and hands
over peaceful possession of the said Premises on expiry or earlier determination of this Agreement in terms of this Agreement.
It is further clarified and understood that even if Licensee and/or Group Company /affiliates/subsidiaries/ occupy the said Premises
or any part or parts thereof, the Licensee herein shall be liable to observe and perform the terms and conditions under this Agreement
and continue to be liable to pay the Monthly License Fee and all other amounts as may be payable by the Licensee to the Licensor
under this Agreement In case the Licensee’s group company/subsidiaries/affiliates is proposing to occupy the said Premises,
the Licensee shall give a prior written intimation to the Licensor of its intention of doing so and hereby indemnify and keep the
Licensor indemnified in respect thereof.

 

		15.2	For the purposes of this Agreement, an Affiliate in relation
to a Party means any company, which is under the Control of, or under common Control with, the Party or a company, which exercises
Control over the Party. “Control” (including, with its correlative meanings, the term “under common control with”),
as used with respect to any entity, means the power to direct the management or policies of such entity, whether through the ownership
and possession, directly or indirectly, of more than 51% of the voting securities of such person, through the power to appoint
over half of the members of the board of directors or similar governing body of such entity, through contractual arrangements or
otherwise.

 

		

 

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		15.3	In the event of a merger, acquisition, consolidation, amalgamation
or any such reorganization of the Licensee into or with any other entity in accordance with applicable law, such resultant entity
shall be entitled to all the benefits and like wise liable to discharge all the obligations of this Agreement as if the Agreement
is executed between such resultant entity and the Licensor. However, in the aforesaid circumstances the Licensee shall give one-month
prior intimation to the Licensor in writing.

 

		16.	ACCESS TO LICENSED PREMISES:

 

		16.1	The Licensee shall have unlimited access to the said Premises
24 hours, 7 days per week. The Licensor and the Licensor’s authorized representatives shall have full liberty to inspect
the said Premises at any time after giving a written notice of at least 48 hours in advance to the Licensee and the Licensor’s
authorized representatives shall be entitled to enter upon the said Premises and to view and/or make physical verification of the
state and condition thereof and to direct the Licensee to set right any wrongful use, damage, repairs, etc.

 

		17.	NO ASSIGNMENT OR TRANSFER
OF LICENSE:

 

		17.1	It is agreed and declared between the Parties hereto that
the license for the use of the said Premises is hereby granted to the Licensee. The Licensee shall not in any manner whatsoever,
assign the license or transfer the benefit of this Agreement or license to any person or party or induct any person or party whomsoever
in the said Premises or permit or suffer the said Premises to be used by any other person or party whomsoever.

 

		

 

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		17.2	For the purpose of clarification it is hereby further agreed
and recorded that the possession of the said Premises shall always be deemed to be with the Licensor and the Licensee shall not
be deemed to be in exclusive occupation of the said Premises save and except as Licensee for the term and upon terms and conditions
to be recorded in this Agreement.

 

		18.	NO TENANCY OR EASEMENTARY RIGHTS:

 

		18.1	The Licensee hereby expressly agrees, understands, accepts
and confirms that the Licensee is by and under this Agreement merely granted a non-assignable and non-transferable permission,
for the Licensed Period to use the said Premises, and subject to the terms, conditions, covenants, stipulations and provisions
of this Agreement, and that it is not the intention of the Licensee hereto to create any other rights or interests whatsoever (including
easementary, leasehold, tenancy or sub-tenancy rights) in respect of the said Premises, and neither the Licensee shall be entitled
to and nor shall claim any right or interest whatsoever to use the said premises beyond the Licensed Period or in any manner contrary
to the terms, conditions, covenants, stipulations and provisions of this Agreement.

 

		

 

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		19.	NO RESPONSIBILITY FOR
                                         LOSS, THEFT, ETC. :

 

		19.1	The building management will ensure that common security is provided at the building entrance,
entrance lobby and elevators. However, the Licensor shall not be responsible or liable for any theft, loss, damages or destruction
of any property of the Licensee or of any other person located in the said Premises on account of any cause whatsoever unless directly
attributable to actions of the Licensor, its employees or agents. The Licensee will be allowed to keep its private security at
all or entry points of the Ground Floor.

 

		20.	FORCE MAJEURE:

 

		20.1	If at any time during the subsistence of the Agreement, the said Premises are destroyed or damaged
by fire (not attributable to default of Licensee), flood, tempest, accident, earthquake or any act of God, war or due to any other
cause beyond the control of the Parties hereto and not on account of act, deed or omission attributable to the Parties hereto so
that the said Premises become unfit for occupation and use then in such event, either Party shall not be responsible for the losses
to the other Party and the Monthly License Fee and/or utility charges and/or any other charges hereby reserved may be suspended
until the said Premises shall have been again rendered fit for occupation and use. Provided that in case of any of the foregoing
events, happening or if for any reason which is not attributable to the Licensee, the said Premises cannot be occupied by the Licensee,
then in such case either Party after giving a written notice of 30 days shall have the option to put an end to this Agreement forthwith
notwithstanding anything hereinabove contained and receive the Interest Free Refundable Security Deposit.

 

		

 

    	Interjuris,
Advocates & Associates	24

    	 

    

 

	21.		EVENTS OF DEFAULT:

 

			The following shall be construed as an Event of Default:

 

		21.1	If the Licensee does not pay the Monthly License Fee, deposit the TDS amount before the concerned
authorities under this Agreement in spite of receiving a 30 days written notice from the Licensor and such breach is not remedied
by the Licensee within 1 month of receipt of the notice;

 

		21.2	If either Party commits a material breach of any of its covenants / obligations under this Agreement,
which purports to sooner terminate the Agreement or disturb or interfere with the peaceful use and occupation of the said Premises
by the Licensee. In such an event, the non-breaching Party shall provide the breaching Party with a written notice seeking to resolve
the dispute amicably by the management of the Licensor and the Licensee. In the event no resolution is achieved within 30 days
from the date of receipt of the written notice by the breaching party, the non-breaching party shall have the right to terminate
this Agreement in accordance with the provisions of Clause under these presents.

 

		21.3	If either the Licensor or the Licensee has a receiving final order made against it/them to be wound
up or enters into composition with the creditors or;

 

		

 

    	Interjuris,
Advocates & Associates	25

    	 

    

 

		21.4	In the event of the paid up equity capital of the Licensee falling below rupees one crore or the
Licensee filing a notice or making an application to any court or tribunal or such other competent legal forum seeking protection
/ injunction against eviction available under any prevailing statute only to a lawful tenant, or seeking fixation of standard rent
or fees or seeking any other protection or relief available under any prevailing statute only to a lawful tenant, the License granted
to the Licensee shall stand terminated on the day preceding the day of the Licensee sending or making such notice or writing or
making such application to any court or tribunal or such other competent legal forum; it being expressly agreed, understood and
accepted by the Licensee that no tenancy or other rights are being or have been created in favour, of the Licensee. Termination
of the Agreement in the aforesaid case shall be automatic and shall not require any act from the Licensor.

 

	22.		TERMINATION:

 

		22.3	Either Party terminates the Agreement on account of any breach of the terms/ covenants/ obligations/
and/or in Event Of Default of this Agreement, in such an event the other Party shall give a written notice calling upon the defaulting
party to rectify the breach within 30 days. If the defaulting Party fails / neglects to rectify the breach, then the other Party
may terminate this Agreement upon the expiry of the 30 days notice period.

 

		

 

    	Interjuris,
Advocates & Associates	26

    	 

    

 

		22.4	In the event of expiry or termination of the License, the Licensee shall have the right to
remove any furniture(s) / fixture(s) & equipment(s) as installed by them during the Licensed Period without causing
any damage to the said Premises.

 

	23.		SIGN BOARDS:

 

		23.1	The Licensee, is allowed to put up signage to display their name and logo on the Ground floor lobby
and the main entrance lobby of the said Building at the specified space. All the expenses pertaining to the installation of the
same shall be borne by the Licensee.

 

	24.		NOTICES:

 

Any notice or other communication
required or permitted to be given to any Party under this Agreement shall be given in writing and shall be delivered by hand, by
airmail, facsimile or telex, addressed to each Party at its respective address set forth below, or such other address as may be
designated by such Party by notice pursuant to this clause.

 

	If to Licensor:	V-Techweb India (Pvt.) Ltd.
	 	302, Lotus House, 3rd Floor,
	 	6, New Marine Lines,
	 	Mumbai-400 020.

 

	If to Licensee:	Bharat Business Channels Limited 
	 	1st Floor, Techweb Centre, New Link Road,
	 	Near Mega Mall, Oshiwara, Mumbai-400 102
	 	Maharastra, India

 

		

 

    	Interjuris,
Advocates & Associates	27

    	 

    

 

	25.		STAMP DUTY AND REGISTRATION CHARGES:

 

	a).		The Parties shall register this Agreement, in accordance with Law.

 

		b).	Stamp duty and registration charges with respect to this Agreement shall be borne by the Licensor
and Licensee equally. If the Licensee fail and / or neglect to comply with the statutory requirements of registration within four
months of execution of this presence, the Licensor shall not in any way be liable and / or responsible for such failure on the
part of the Licensee.

 

		c).	However the Licensor shall cooperate by providing all documentation & other reasonable assistance
to the Licensee to complete all formalities in relation to the registration.

 

	26.		LEGAL FEES:

 

Each Party shall bear its own legal
charges in connection with this Agreement.

 

	27.		GOVERNING LAW AND JURISDICTION:

 

This Agreement shall be governed
by and construed in accordance with the laws of India. The Courts in Mumbai alone shall have the exclusive jurisdiction to try
and dispose of any dispute arising out of or under this Agreement.

 

		

 

    	Interjuris,
Advocates & Associates	28

    	 

    

 

	28.		SEVERABILITY:

 

In the event that any term, condition
or provision of this Agreement is held to be in violation of any applicable Law, statute, regulation or order or is declared or
adjudged to be illegal, invalid or unenforceable, the same shall be deemed to be deleted from this Agreement and shall be of no
force and effect and in that event, this Agreement shall remain in full force and effect as if such term, condition or provision
had not originally been contained in this Agreement. Notwithstanding the above in the event of any such deletion, the Parties shall
negotiate in good faith in order to agree the terms of a mutually acceptable and satisfactory alternative provision in place of
the provision so deleted.

 

	29.		WAIVER AND CONSENTS:

 

No rights under this Agreement shall
be deemed to have been waived and there should be no waiver other than by notice in writing signed by other Party. The failure
of either of the Parties hereto to exercise any right given to it hereunder or to insist upon strict compliance by the other Party
with the terms of this Agreement shall not constitute a waiver of any terms or conditions of this Agreement. The rights or remedies
set forth in this Agreement are in addition to any other rights or remedies, which may be granted by law.

 

	30.		AMENDMENTS:

 

No variation of this Agreement shall be valid
unless it is in writing and signed by or on behalf of all the Parties. The expression “variation" shall include any
variation, supplement, deletion or replacement however effected.

 

		

 

    	Interjuris,
Advocates & Associates	29

    	 

    

 

	31.		BINDING NATURE OF THE AGREEMENT:

 

The obligations under this Agreement
will be binding upon and its benefits will ensure to the benefit of the Parties and their respective successors and assignees.

 

	32.		COUNTER PARTS:

 

This Agreement is executed in duplicate.
The original Agreement shall be with the Licensee and its copy with the Licensor.

 

FIRST SCHEDULE ABOVE REFERRED TO:

 

Building Techweb Centre situated at New Link
Road, Oshiwara, Jogeshwari (W), Mumbai 400102 on a demarcated portion of the land admeasuring 5630 sq. mtrs. Or thereabouts bearing
C.T.S No. 131, 133 and 233 Situate, lying and being at Village Oshiwara in Taluka Andheri of Mumbai Suburban District and in the
Registration District and Sub-District of Mumbai City and Mumbai Suburban and bearing the following description and particulars
in the Village records and in the registers and records of City Survey for Mumbai Suburban District.

 

SECOND SCHEDULE ABOVE REFERRED TO:

 

Ground floor admeasuring 23,500 sq. ft of built
up area i.e. 17,625 sq. ft. carpet area and admeasuring 27,108 sq. ft. chargeable area i.e. 20,331sq.ft. carpet area out of which
9,000 sq.ft. closed terrace in the first Floor, total admeasuring 50,608 sq.ft. chargeable area, in the building known as “Tech
Web Centre" marked in red colour.

 

		

 

    	Interjuris,
Advocates & Associates	30

    	 

    

 

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

 

	SIGNED SEALED AND

DELIVERED by the withinnamed

‘the Licensor’ V-Techweb (India)

Pvt. Ltd. pursuant to the Power	)

    )

    )

    )	
	of Attorney dated
    8th May 2010	)	 
	through the hands
    of its Director	)	 
	Mr. Vasant R Jadhav

    in the presence of	)

    )	 
	1.	Rajesh A. Bashte		)	 
	2.	UDAY PALICHA		)	 
	SIGNED, SEALED AND

    DELIVERED by the withinnamed

    ‘the Licensee’ Bharat Business

    Channel Limited pursuant to theResolution
                                      of the Board of dt. 5th

                                                January
                                         2009.
 through the hands of its
	)

    )

    )

    )

    )

    )

    )	
	Authorised Representative / Dy.	)	 
	General Manager (Legal)	)	 
	Mr. Gajanfar Akbar Khan.	)	 
	in the presence of 	)	 
	1.	Dinesh Bhandam		 	 
	2.	 	 	 	 

 

    	Interjuris,
Advocates & Associates	31

    	 

    

 

RECEIPT

 

RECEIVED of and from
withinnamed Licensee Bharat Business Channel Limited a sum of Rs.75,00,000/- (Rupees Seventy Five Lakhs only) vide
Cheque/DD/PO No.094792 dated 22.10.2012 drawn on IDBI Bank amount of Interest Free Refundable Security Deposit payable by the
Licensee to us Rs.75,00,000/-

 

	 	
	 	WE SAY RECEIVED 
	 	For, V-Techweb (India) Pvt. Ltd.

 

    	Interjuris,
Advocates & Associates	32

    	 

    

  

   

    	 

    	 

    

 

	Bharat Business

Channel Limited

www.videocond2h.com	Corporate Office: 1st Floor.

Techweb Centre. New Link Road 

Near Mega Mall. Oshiwara 

Mumbai - 400 102	Registered Office Auto Cars Compound

Adalat Road,
Aurangabad 431005

Maharashtra	
	 	 	(+91-22) 42 555 000

(+91-22) 42 555 050	 	 

 

TO WHOMSOEVER IT MAY CONCERN

 

l, Anil Khera, Chief Executive Officer
of Bharat Business Channel Limited ("the Company") vide the powers vested in me, to delegate powers by authorization
on behalf of the Company vide a Resolution passed by the Board of Directors meeting held on 5th January, 2009 do hereby
authorize Shri. Gajanfar Akbar Khan an employee of the Company, designated as Deputy General Manager-Legal to sign
and execute the Leave and License Agreement and Deed of Cancellation and all other related documents, to be executed with V-Techweb
(India) Pvt. Ltd, in respect of the office premises in the Techweb Centre, Oshiwara which is more particularly described in
the respective Agreements.

 

	 	/s/ Anil Khera
	 	Anil Khera
	 	Chief Executive Officer

 

	/s/ Gajanfar A Khan	 
	Signature of Gajanfar A Khan	 
	 	 
	Place: Mumbai 	 
	 	 
	Date: 1st October 2012	 

 

    	 

    	 

    

 

	Bharat Business Channel Limited

    A Vidiocon Group Enterprise

    C-6 Ashok Steel Compound

    159, C.S.T. Road, Kalian, Santacruz (E)

    Mumbai -  400 098. India	Tel.: (91-22) 4079 4800

Fax.: (91-22) 2652 8826

Web.: www.d2h.com	

 

CERTIFIED TRUE COPY OF EXTRACTS FROM
RESOLUTION OF BOARD OF DIRECTORS OF BHARAT BUSINESS CHANNEL LIMITED (“the Company") HELD ON 5th
JANUARY, 2009

 

“RESOLVED THAT Mr. Anil Khera,
Chief Executive Officer of the company be and is hereby authorized to do the following act/s,_deed/s from time to time, that is
to say:-

 

To sign and execute various kinds of agreements, contracts,
Memorandum of Understandings, including but not limited to the agreements of the nature of Leave & License Agreements, Rent
Agreements, Undertakings, Content Contracts etc on behalf of the Company".

 

“To apply, obtain and renew all license, permits, agreements
etc. before Government Authorities as and when necessary on behalf of the company".

 

“To negotiate, carry on correspondence with any association,
company, firm, Corporation, Municipality and department of Government or any other person or public body and file applications
and to enter and sign and execute any contract, agreement or any other deed or documents that may be required or deemed proper”.

 

“To pay various dues towards the various revenue authorities
except the Income Tax authorities and to pay other necessary fees and charges etc as may be required from time to time”.

 

“To make application necessary for approval(s)/ sanction(s)/
permission(s) as are required & to collect copies and receipts from various Statutory and other authorities excluding the Income
Tax authorities”.

 

“To institute and / or to defend legal action(s), suits
and proceedings for and on behalf of the Company.

 

“To apply for the Certified copies of the Orders and other
documents and to engage advocate and to take all steps which are necessary for filing an appeal in Higher Courts”.

 

“To lead oral and documentary evidence in the court of
law and to lead evidence for and on behalf of Company”.

 

	 	 

 

 

 

    	 

    	 

    

  

	Bharat Business Channel Limited

    A Videocon Group Enterprise

    C-6, Ashok Steel Compound,

    159, C.S.T. Road, Kalina, Santacruz (E)

    Mumbai - 400 098. India	Tel.: (91-22) 4079 4800

Fax.: (91-22) 2652 8826

Web.: www.d2h.com	

 

“To appear and engage advocate in various proceedings before
High Court, Session Court, Civil Court, Criminal Court, Consumer Court,Trade Mark Registry, TRAI, TSATAT, police authority, and before
various local, state and central authorities constituted under the law”.

 

“To file appeals, revision in the High Court, Sessions
Court and State Commission in the event of the need to file such appeals or revision or SLP and to appear and engage advocate in
any appeal or revision against the company in any court”.

 

“To compromise and/or settle the matters and to sign compromised
documents to be submitted in the Court or to enter into compromise, to withdraw money deposited in the court and to pass receipt
for the same in the name and for and on behalf of the company”.

 

“To appoint legal advisors and fix
their retainership fees and other fees in respect of the day to day affairs of the Company”.

 

“To continue further proceedings
of the suits and other proceedings which have already been filed on behalf of the Company under the signatures of its Authorized
Representative / Power of Attorney”.

 

“RESOLVED FURTHER THAT Mr.
Anil Khera, Authorized Representative of the company be and hereby authorized to delegate any of the powers entrusted to him in
favor of any other person as he may deem appropriate and to execute necessary power of Attorney to that effect”.

 

“RESOLVED FURTHER THAT Certified
true copy of the resolution be furnished to all the connected parties as may be required”.

 

 

    	 

    	 

    

  

  

    	 

    	 

    

  

  

GENERAL POWER OF ATTORNEY

 

TO ALL TO WHOM THESE PRESENTS SHALL COME, V-TECHWEB
(India) PRIVATE LIMITED, a company incorporated under the provisions of The Companies Act 1956, and, having its
registered office at 302, Lotus House, 6, New Marine Lines, Mumbai 400 020 (hereinafter referred to as "Company"
which expression shall unless repugnant to the context or meaning thereof shall be deemed to mean and include its successors
in business) SEND GREETINGS:

 

 

  

    	 

    	 

    

 

WHEREAS Company is desirous of appointing
some fit and proper person as its true and lawful Attorney:

 

NOW KNOW ALL MEN BY THESE PRESENTS, that V-TECHWEB (India)
PRIVATE LIMITED, do hereby nominate, constitute and appoint MR. VASANT R. JADHAV (hereinafter called "the said Attorney")
as its true and lawful Attorney for it, in its name and on its behalf and at its risk and expense to do lawfully and execute all
or any of the following acts, deeds and things that is to say:

 

1.   
       To demand, sue for, recover and receive from every person and everybody, politic or
corporate whom it shall or may concern all such of money, deposits, return of capital debts, dues, goods, wares, merchandise,
chattels effects and things or whatever nature or description whatsoever which now or which at any time or times during the
subsistence of these presents shall or may be or become due, owing, payable, deliverable or belonging to me solely or jointly
with others in or by any right, title, ways or means howsoever and upon receipt of delivery thereof or any part thereof or
otherwise as the case may require to make, sign execute and deliver such receipts, releases or other discharges for the same
respectively as the said Attorney shall think fit or be advised.

 

2.      
    To purchase any property for and on its behalf in India both movable and / or immovable and for
that purpose to sign and execute all documents, agreements, receipts and other act, things, deeds ancillary and incidental
thereto.

 

	 	 

 

    	2

    	 

    

  

3.           To
enter into Agreement for lease or monthly tenancy or on leave and licence basis any premises at such rent, compensation and for
such terms as the said Attorney may think fit and to execute the necessary lease/ Leave and licence agreements also to give on
lease/ Leave and licence agreements any land or building or any part of such land or building for a period to any party(s)/person(s)
in such a manner at such rent and upon such conditions as the said Attorney may think fit and also to give for use by way of licence
any land or building or any part of such land or building.

 

4.           To
execute Agreement(s), Deposit Agreement(s), Instruments, Indemnity Bond (s), Amenities Agreement (s), and all other papers as may
be deemed necessary and expedient by the said Attorney to approach, if necessary, the necessary authorities / Company for getting
the No Objection Certificate for the purpose of the Execution of Leave and License/Tenancy/Lease Agreement of any land or building
belonging to the Company or any part of such land or building. in favour of any party(s) / persons(s).

 

5.           To
deal, correspond with and represent it before any Government body or local authorities, and the other statutory bodies and authorities,
if necessary and to obtain any consents, approvals, or permission, if so required and for that purpose to sign all applications,
papers, forms, declarations, undertakings as may from time to time be required by any of the said authorities.

 

	 	 

 

    	3

    	 

    

  

6.           To
appear and represent Company by himself or through his duly authorised representatives as the case may be, and to carry on
correspondence under their signature with all concerned local, governmental and public authorities and bodies including the
Government of Maharashtra and all its departments, the Municipal Corporation of Greater Bombay and all its departments,
Assessor & Collector, Municipal Corporation, the Town Planning authorities, the Competent Authority appointed under the
Urban Land (Ceiling & Regulation) Act, 1976, authorities under the Maharashtra Land Revenue Code, Maharashtra Regional
& Town Planning Act, the Office of the Talati, Mamlatdar, Tahsildar, Office of the Collector and the other Revenue
Offices, City Survey Offices, Sub- divisional Officer, Offices of the Land Records and other local or governmental bodies or
authorities, for the transfer of the Property to the name of the Company and also for making necessary mutation entries in
respect Properties of the Company in the relevant records, and for the said purpose to sign and file necessary Affidavits,
forms, applications, petitions, representations, statements and other documents containing true facts and particulars and
prefer any appeal reference, review in that behalf as the said Attorney may desire.

 

7.           To
obtain in favour of Company, a separate Property Register Card, mutation entries, 7/12 Extracts, from the concerned authorities
after sub-division and/or amalgamation of Property/portions therefrom;

 

8.           To
apply on our behalf to the Electricity Authority/Board or other companies and concerned authorities for transferring the electric
meters on the name of the Company and for the said purpose to sign all necessary papers and documents as may be necessary.

 

	 	 

 

    	4

    	 

    

  

9.           To
give consent in on behalf of Company and as it act and deed and/or in the name of the Company and on its behalf and as its act
and deed, to the sale or other transfer of the Transferable Development Rights FSI or floating FSI that may be generated from Company’s
Property and for this purpose to enter into deeds, documents and Agreements and to receive and appropriate consideration monies
in respect of the said sales in such manner as our Attorneys may deem fit.

 

10.          To
pay or allow all ground rent, taxes, rates and municipal taxes, insurance premium and all other payments and outgoings whatsoever
due and payable for or on account of any lands and buildings belonging to Company and also to carry out repairs to such buildings
from time to time and make payments for such repairs.

 

		11.	To make, execute and enter into such contracts, transfers, assignments, instruments, accounts and things as shall be required
or may be deemed proper either for or in relating to any of the purpose aforesaid.

 

12.         To
appear for and represent soceity before all income-tax authorities and make and sign Returns of Income, applications for refund,
appeals and revision and reference applications and other proceedings and to do and execute all other acts, deeds, matters and
things on its behalf in connection with the tax affairs as the said Attorney shall think fit.

 

	 	 

 

    	5

    	 

    

 

13.         To
appear for and represent Company to conduct the Sales tax Proceedings, Income Tax proceedings, proceedings before the Municipal
authorities with regard to the Property and any other applicable tax and charges before the Assistant Commissioner, commissioner,
Inquiry officer or any such statutory authority and to do all other acts which are necessary and incidental for the proper conduct
of the matter such as presenting the books of account, furnishing details, to give statement on oath, obtain different kinds of
forms etc..

 

14.         To
appear for and represent Company before all MCGM authorities, Police authorities and such other Government Authorities or Municipal
Officers to make and sign applications and other proceedings and to do and execute all other acts, deeds, matters and things on
its behalf in connection with the affairs as the said Attorney shall think fit.

 

		15.	To commence and prosecute, and to defend, appeal, refer to arbitration, compound, settle
                                                           and abandon all actions, proceedings, suits, claims, demands in relation to the business and property of the Company or
                                                           other                                                            wise in relation to the affairs of the Company and for such
                                                           purposes to sign, verify and present any document, pleadings or
                                                           other instruments in writing and to appear and make statement on oath or otherwise in relation to the affairs of the Company
                                                           and for that purpose to sign and execute all documents, writings plaints, petitions, affidavits and applications as may be
                                                           necessary in its name and to obtain decree, to appoint any pleader, agent, solicitor or advocate for the said purpose and to
                                                           obtain legal advice in any matter affecting the Company.

 

	 	 

 

    	6

    	 

    

  

16.         To
appoint and employ any Attorney, advocates, income-tax experts, accountants, architects, Valuers, Consultants or other persons
and the same from time to time dismiss and discharge and to appoint or employ others in his stead.

 

17.         To
take charge of its immovable properties wherever situate whether given on leave and licence, tenancy, lease or otherwise and to
deal with such tenants, lessees and licensees in such a manner as the said Attorney shall deem fit and proper.

 

18.         To
appear before the Sub-Registrar of Assurances anywhere in the Union of India on its behalf and to execute and present for registration
any documents in which Company may be interested and also to admit execution of any document signed and executed by Company and
to take all steps and proceedings that may be required for the purpose of such documents, property registered under the Indian
Registration Act.

 

19.         AND
GENERALLY to do all other acts, deeds, matters and things whatsoever in or about the estate, property and affairs belonging to
Company and concur with any person or per sons jointly interested with Company therein and doing all acts, deeds, matters and things
herein either particularly or generally described as amply and effectually to all intends and purposes as Company could do in its
own proper person if these presents had not been executed.

 

	 	 

 

    	7

    	 

    

  

		20.	AND COMPANY DO HEREBY RATIFY AND CONFIRM and agree to
ratify and confirm whatsoever the said Attorney or any substitute shall do or purport to do by virtue of these presents.

 

 

    	8

    	 

    

 

	 	DATE THIS      DAY OF         2010
	 	 
	 	BETWEEN
	 	 
	 	V-TECHWEB (INDIA) PVT. LTD.
	 	 
	 	TO
	 	 
	 	MR. VASANT R. JADHAV
	 	 
	 	GENERAL POWER OF ATTORNEY
	 	 

	 	Interjuris
	 	Advocates & Associates
	 	302, Lotus House, 3rd floor
	 	6, New Marine Lines
	 	Mumbai 400 020
	 	 
	 	 

 

    	9

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