Document:

exv10w1

Exhibit 10.1

Second Amended and Restated

Master Employment Agreement

          This Second Amended and Restated Master Employment Agreement (this “Agreement”) is made and
entered into this 1st day of April, 2011 by and between Invesco Ltd. (hereinafter,
together with its subsidiaries as applicable, the “Company”) and Martin L. Flanagan (hereinafter,
“Executive”), to be effective as set forth in Section 1 below.

Background

          Whereas, the Company, Invesco Holding Company Limited and Executive are parties to an
Amended and Restated Master Employment Agreement (the “First Amended Employment Agreement”), dated
December 31, 2008; and

          Whereas, the Company and Executive now desire to enter into this Agreement that shall
supersede the First Amended Employment Agreement.

          Now, Therefore, in consideration of the foregoing and of the mutual covenants and
agreements set forth herein, and other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the parties hereto agree as follows:

     1. Effective Date. The effective date of this amendment and restatement is January 1,
2011 (the “Effective Date”).

     2. Employment. Executive acknowledges and agrees to continue to serve as the
President and Chief Executive Officer of the Company. In his capacity as President and Chief
Executive Officer of the Company, Executive shall have the responsibilities listed on the Terms of
Reference (attached hereto as Appendix A). Executive acknowledges that the Company may
amend the Terms of Reference from time to time as the Board of Directors of the Company (the
“Board”) deems necessary or desirable in order to comply with applicable law, regulation, order or
written guidance issued by a governing authority, securities exchange or similar organization. In
his capacity as President and Chief Executive Officer of the Company, Executive will report
directly to the Board.

     3. Employment Period. Executive’s employment commenced on August 1, 2005 for a
four-year term and has been extended for additional one-year periods pursuant to the terms,
conditions and limitations set forth in the First Amended Employment Agreement. Executive’s
employment shall continue under the terms, conditions and limitations of this Agreement, unless
terminated earlier as provided herein. The date on which Executive’s employment terminates (as
specified in Section 6(f) below) shall be referred to herein as the “Date of Termination,” and the
period between August 1, 2005 and the Date of Termination shall be referred to as the “Employment
Period.”

     4. Extent of Service. During the Employment Period, and excluding any periods of
vacation and sick leave to which Executive is entitled, Executive agrees to

 

 

devote his business time, attention, skill and efforts exclusively to the faithful performance
of his duties hereunder; provided, however, that it shall not be a violation of this Agreement for
Executive to (i) devote reasonable periods of time to charitable and community activities and, with
the approval of the Board, industry or professional activities, and/or (ii) manage personal
business interests and investments, so long as such activities do not interfere with the
performance of Executive’s responsibilities under this Agreement. It is expressly understood and
agreed that the continued conduct by Executive of such activities, as listed on Appendix B,
shall not be deemed to interfere with the performance of Executive’s responsibilities hereunder.

     5. Compensation and Benefits.

          (a) Base Salary. During the Employment Period, the Company will pay to Executive base
salary at the rate of US $790,000 per year or such greater amount as the Board shall determine from
time to time (“Base Salary”), less normal withholdings, payable in equal monthly or more frequent
installments as are customary under the Company’s payroll practices from time to time.

          (b) Compensation. During the Employment Period, the following shall apply:

               (i) Bonus Cash Compensation. During the Employment Period, Executive will have the
opportunity, based on the achievement of certain performance criteria, as mutually determined by
the Compensation Committee of the Board (the “Compensation Committee”) and Executive, to receive
annual bonus cash compensation awards in an amount determined by the Compensation Committee in its
discretion (the “Annual Cash Bonus”), appropriately pro-rated for any periods consisting of less
than a full year. Executive’s Annual Cash Bonus opportunity shall be competitive with market
practices. Any earned Annual Cash Bonus shall be paid to Executive pursuant to the terms of the
applicable incentive plan; provided, however, that any such Annual Cash Bonus for a fiscal year of
the Company shall be paid to Executive no later than the 15th day of the third month following the
close of such fiscal year, or the calendar year where applicable, or such later date during such
following year as may be specified in the applicable plan from time to time, unless Executive shall
elect to defer the receipt of such Annual Cash Bonus pursuant to a deferred compensation program
maintained by the Company that meets the requirements of Section 409A (“Section 409A”) of the
Internal Revenue Code of 1986, as amended (the “Code”).

               (ii) Short- and Long-Term Equity Compensation. Executive has previously received certain
short- and long-term equity compensation awards, and nothing in this Agreement is intended to
affect such awards. In addition, during the Employment Period, Executive will have the
opportunity, based on the achievement of certain performance criteria, as mutually determined by
the Compensation Committee and Executive, to receive annual short- and long-term equity
compensation awards. Executive’s short- and long-term equity award opportunities shall be
competitive with market practices. Any such awards shall have terms and conditions that are at
least as favorable as those applicable generally to the most senior officers and employees of the

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Company based in the United States (the “US Senior Management”) and shall reflect the
provisions of this Agreement applicable to awards held by Executive.

          (c) Benefits.

               (i) Incentive, Savings and Retirement Plans. During the Employment Period, Executive
shall be eligible to participate in all incentive, savings and retirement plans that are
tax-qualified under Section 401(a) of the Internal Revenue Code of 1986, as amended (the “Code”),
and in all plans that are supplemental to any such tax-qualified plans, in each case to the extent
that such plans are applicable generally to US Senior Management and subject to the terms and
conditions thereof.

               (ii) Executive Deferred Compensation. During the Employment Period, Executive will be
eligible to participate in all aspects of the Company’s deferred compensation programs, including
the deferral of salary, bonuses and other incentives, as in effect at any time during the
Employment Period, as provided generally to other US Senior Management, and subject to the terms
and conditions thereof.

               (iii) Welfare Benefit Plans. During the Employment Period, Executive and/or
Executive’s spouse and dependant(s), as the case may be, shall be eligible for participation under
all welfare benefit plans, practices, policies and programs provided by the Company (including,
without limitation, medical, prescription, dental, vision, disability, salary continuance, group
life and supplemental group life, accidental death and travel accident insurance plans and
programs) to the extent applicable generally to other US Senior Management, and subject to the
terms and conditions thereof.

               (iv) Fringe Benefits and Perquisites. During the Employment Period, Executive shall
be eligible to receive fringe benefits and perquisites provided generally to other US Senior
Management.

               (v) Vacation. During the Employment Period, Executive shall be entitled to paid
vacation in accordance with the plans, policies, programs and practices of the Company provided
generally to other US Senior Management.

               (vi) Business Expenses. During the Employment Period, Executive shall be entitled to
receive prompt reimbursement for all reasonable expenses incurred by Executive in accordance with
the policies, practices and procedures of the Company applicable generally to other US Senior
Management.

     6. Termination of Employment.

          (a) Death or Disability. Executive’s employment hereunder shall terminate
automatically upon Executive’s death during the Employment Period. If the Company determines in
good faith that the Disability of Executive has occurred during the Employment Period (pursuant to
the definition of Disability set forth below), it may give to Executive a Notice of Termination,
and Executive’s employment with the Company shall terminate on the Date of Termination set forth
therein, provided that,

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within the 30 days after such receipt, Executive shall not have returned to full-time
performance of Executive’s duties. For purposes of this Agreement, “Disability” shall mean the
inability of Executive, as determined by the Board in good faith, to perform the essential
functions of his regular duties and responsibilities, with reasonable accommodation, due to a
medically determinable physical or mental illness which has lasted (or can reasonably be expected
to last) for a period of one hundred eighty (180) days in any twelve-month period. At the request
of Executive or his personal representative, the Board’s determination that the Disability of
Executive has occurred shall be certified by two physicians mutually agreed upon by Executive or
his personal representative, and the Company. In the event that such independent certification (if
so requested by Executive) does not support the Board’s determination that Executive is Disabled
pursuant to the terms of this Agreement, Executive’s termination shall be deemed a termination by
the Company without Cause and not a termination by reason of his Disability.

          (b) Termination by the Company. The Company may terminate Executive’s employment
hereunder during the Employment Period with or without Cause. For purposes of this Agreement,
“Cause” shall mean:

               (i) the willful and continued failure of Executive to perform substantially Executive’s duties
with the Company (other than any such failure resulting from incapacity due to physical or mental
illness), after a written demand for substantial performance is delivered to Executive by the
Compensation Committee which specifically identifies the manner in which the Compensation Committee
believes that Executive has not substantially performed Executive’s duties, or

               (ii) the willful engaging by Executive in illegal conduct or gross misconduct which is
materially injurious to the Company, including, without limitation, any conviction of, or plea of
nolo contendere to, a crime that constitutes a felony, or

               (iii) the willful and continued material violation of written Company policies or procedures
by Executive, after a written demand for substantial compliance with such policies or procedures is
delivered to Executive by the Compensation Committee which specifically identifies the manner in
which the Compensation Committee believes that Executive has not substantially complied with the
same, or

               (iv) Executive’s bankruptcy or insolvency, or

               (v) any act or omission by Executive which could lead to his being prohibited, pursuant to
Section 9 of the Investment Company Act of 1940, from serving in the capacity provided for in this
Agreement.

          For purposes of this provision, no act or failure to act, on the part of Executive, shall be
considered “willful” unless it is done, or omitted to be done, by Executive in bad faith or without
reasonable belief that Executive’s action or omission

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was legal, proper and in the best interests of the Company. Any act, or failure to act, based
upon authority given pursuant to a resolution duly adopted by the Board or based upon the advice of
counsel for the Company shall be conclusively presumed to be done, or omitted to be done, by
Executive in good faith and in the best interests of the Company. The cessation of employment of
Executive shall not be deemed to be for Cause unless and until there shall have been delivered to
Executive a copy of a resolution duly adopted by the affirmative vote of not less than a majority
of the entire membership of the Board at a meeting of such Board called and held for such purpose
(after reasonable notice is provided to Executive and Executive is given an opportunity, together
with counsel, to be heard before such Board), finding that, in the good faith opinion of such
Board, Executive is guilty of the conduct giving rise to Cause as defined above, and specifying the
particulars thereof in detail.

          (c) Termination by Executive. Executive’s employment may be terminated by Executive
for Good Reason or no reason. For purposes of this Agreement, “Good Reason” shall mean any of the
following events occurring during the Employment Period:

               (i) without the written consent of Executive, the assignment to Executive of any duties
inconsistent in any material respect with Executive’s position (including status, offices, titles
and reporting requirements), authority, duties or responsibilities as in effect on the Effective
Date, or any other action by the Company which results in a diminution in such position, authority,
duties or responsibilities, excluding for this purpose an isolated, insubstantial and inadvertent
action not taken in bad faith and which is remedied by the Company promptly after receipt of
written notice thereof given by Executive; provided, however, that the Company relieving Executive
of his position, authority, duties or responsibilities in connection with an election to place
Executive on paid administrative leave as contemplated by and in accordance with Section 6(g) below
shall not constitute Good Reason;

               (ii) a reduction by the Company of Executive’s Base Salary as in effect on the Effective Date,
or as the same may be increased from time to time, or failure of Executive to be eligible for an
Annual Cash Bonus or short- or long-term equity compensation pursuant to the 2008 Global Equity
Incentive Plan or any successor plan; provided, however, that the failure of Executive to be
eligible for an Annual Cash Bonus pursuant to Section 5(b)(i) for any fiscal year in which a Notice
of Termination has been given by the Company or Executive shall not constitute Good Reason if
Executive is eligible for a Prorated Bonus pursuant to Section 7(a)(iii);

               (iii) the Company requiring Executive, without his consent, to be based at any office or
location other than Atlanta;

               (iv) any failure by the Company to comply with and satisfy Section 11(c) of this Agreement; or

               (v) the failure of the Board to re-nominate Executive for election as a director of the Board
from time to time during the Employment Period;

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provided, however, that the failure of the Board to re-nominate Executive for election as a
director of the Board at any time after a Notice of Termination has been given by the Company or
Executive shall not constitute Good Reason.

Good Reason shall not include Executive’s death or Disability. Executive may terminate employment
for Good Reason only if Executive gives a Notice of Termination to the Company within 90 days after
the occurrence of the event giving rise to Good Reason. The Company shall have an opportunity to
cure any claimed event of Good Reason within 30 days after a Notice of Termination is given (the
“Cure Period”). The Company shall notify Executive of the timely cure of any claimed event of Good
Reason and the manner in which such cure was effected. In the event of such cure, any Notice of
Termination delivered by Executive based on such claimed Good Reason shall be deemed withdrawn and
shall not be effective to terminate this Agreement.

          (d) Termination On or After December 31, 2025. Unless the Company and Executive agree
to continue Executive’s employment after December 31, 2025, Executive’s employment will terminate
on that date (the “Expiration of this Agreement”). Executive’s employment with the Company may
continue after the Expiration of this Agreement if Executive and the Company so agree, but the
terms of this Agreement will not apply to Executive’s employment after that time.

          (e) Notice of Termination. Any termination of Executive’s employment by the Company
or Executive (other than by death or the Expiration of this Agreement) shall be communicated by a
Notice of Termination to the other party hereto given in accordance with Section 13(e) of this
Agreement. For purposes of this Agreement, a “Notice of Termination” means a written notice which
(i) indicates the specific termination provision in this Agreement relied upon, (ii) in the case of
a termination by the Company for Cause or by Executive for Good Reason, sets forth in reasonable
detail the facts and circumstances claimed to provide a basis for termination of Executive’s
employment and (iii) specifies the Date of Termination. The failure by Executive or the Company to
set forth in a Notice of Termination any fact or circumstance which contributes to a showing of
Good Reason or Cause shall not waive any right of Executive or the Company, respectively, hereunder
or preclude Executive or the Company, respectively, from asserting such fact or circumstance in
enforcing Executive’s or the Company’s rights hereunder.

          (f) Date of Termination. “Date of Termination” means the date on which Executive’s
employment with the Company terminates and shall be, (i) if Executive’s employment terminates due
to the Expiration of this Agreement, December 31, 2025; (ii) if Executive is terminated by the
Company for Cause, the date on which the Notice of Termination is given to Executive (or any later
date as is mutually agreed between Executive and the Company) following completion of the
procedural requirements specified under Section 6(b); (iii) if Executive dies, the date of death;
(iv) if Executive’s employment is terminated due to Executive’s Disability, the date that is 30
days after the Notice of Termination is given to Executive, provided Executive has not returned to
full-time employment before that time; (v) if Executive’s employment is terminated for Good Reason,
the date that is 30 days after the Notice of Termination is

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given to the Company, provided that the Company has not cured any claimed event of Good Reason
before the expiration of the Cure Period; and (vi) if Executive’s employment is terminated by the
Company without Cause or Executive terminates his employment other than for Good Reason, the date
that is six (6) months after the date on which the Notice of Termination is given (the “Notice
Date”).

          (g) Garden Leave. In the event of a termination by the Company without Cause or by
Executive other than for Good Reason, the Company shall have the right, in its sole discretion, to
place Executive on paid administrative leave during all or any part of the period between the
Notice Date and the Date of Termination (any such period of administrative leave referred to herein
as the “Garden Leave Period”). During the Garden Leave Period, (i) the Company may, but shall not
be required to, provide Executive with access to the Company’s offices, (ii) the Company may, but
shall not be required to, request that Executive perform services for the Company, and Executive
shall not be obligated to perform any such services (other than any obligations Executive may have
to cooperate with the Company under Section 6(h) below), (iii) Executive shall not provide services
as an employee or otherwise to any entity or organization, except that Executive shall be permitted
to provide services (x) to an entity or organization that that is exempt from taxation under
Section 501 of the Code, (y) to a federal, state or local government or an agency or
instrumentality thereof and (z) as a director or advisory director of one or more corporations or
other entities, provided that any such directorship or services as an advisory director do not
require Executive’s full-time employment and are not provided to an entity that is competitive with
the Company, (iv) Executive shall be entitled to receive an amount equal to his Base Salary payable
in equal monthly or more frequent installments as are customary under the Company’s payroll
practices from time to time (provided, that in the event that prior to the end of the Garden Leave
Period, Executive experiences a Separation from Service (as defined in Section 14(a)), any then
remaining installments will be paid in a lump sum in accordance with the payment timing rules set
forth in Section 14(a)), and (v) Executive shall continue to be eligible to participate in, receive
payments under and vest in payments and benefits under the Company’s employee benefit and
compensation plans (subject to the terms and conditions of such plans and any required earlier
cessation of participation or vesting in any such plans that provide for nonqualified deferred
compensation within the meaning of Section 409A due to Executive’s Separation from Service prior
to the expiration of the Garden Leave Period).

          (h) Cooperation. For the period beginning upon Executive’s Date of Termination or, if
earlier, the date on which any Garden Leave Period commences, and ending on the second anniversary
of the applicable date (the “Cooperation Period”), Executive agrees that he will cooperate with and
provide assistance to the Company regarding any or all of the following, as long as said services
to be rendered by Executive shall not materially impede his ability to meet any obligations or
duties he may have with his then current employer or self-employment: (i) the transition of
ongoing matters relating to the business of the Company, as may be reasonably requested by the
Company from time to time; (ii) any litigation or criminal, civil or administrative proceeding,
whether currently pending or filed during the Cooperation Period, arising out of or relating to
matters about which Executive has knowledge or in which Executive may be

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identified or called as a witness by any party; and (iii) such other services as the Company
may reasonably request. Such cooperation and assistance includes, without limitation, attendance at
meetings with Company representatives or the Company’s legal counsel (or both) upon reasonable
notice and at mutually convenient times and places, provision of complete and truthful information
in response to any inquiries of the Company and/or its counsel, full disclosure and production of
all documents and things that may be relevant to any such matters (regardless of any express
inquiry by the Company or its counsel), and attendance as a witness at depositions, trials or
similar proceedings upon reasonable advance notice. In no event shall Executive be required to
provide services under this Section 6(h) at a level that would prevent a Separation from Service.

          In consideration for Executive’s services during the Cooperation Period (other than during any
Garden Leave Period), the Company shall pay Executive at an hourly rate of compensation
commensurate with his Base Salary as of his Date of Termination for any services performed by
Executive on behalf of the Company in connection with this Section 6(h). In addition to and
notwithstanding the foregoing, the Company will reimburse Executive for all out-of-pocket expenses
reasonably incurred by Executive in the performance of his duties hereunder during the Cooperation
Period.

          Executive shall immediately notify the Company of any formal or informal inquiry or request
for information directed to Executive by any third-party that in any way relates to Executive’s
employment by the Company or any aspect of the Company’s business operation.

     7. Obligations of the Company upon Termination.

          (a) Termination by Executive for Good Reason; Termination by the Company Other Than for
Cause or Disability. If, during the Employment Period, the Company shall terminate Executive’s
employment other than for Cause or Disability, or Executive shall terminate employment for Good
Reason, then Executive shall be entitled to the payments and benefits described below; provided,
however, that Executive shall be entitled to the payments and benefits described in Sections
7(a)(iii) through 7(a)(vi) only if Executive executes, and does not revoke, a general release of
all claims in substantially the form used by the Company generally with respect to US Senior
Management terminating employment under such conditions no later than 52 days after the Date of
Termination (or, if earlier, the date on which any Garden Leave Period commences), which general
release shall be provided by the Company to Executive within seven days after the Date of
Termination (or, if earlier, the date on which any Garden Leave Period commences).

               (i) The Company shall pay to Executive, in a lump sum in cash within 30 days after the earlier
of the Date of Termination and the date on which any Garden Leave Period commences, the sum of (1)
Executive’s Base Salary through the Date of Termination (or, if earlier, the date on which any
Garden Leave Period commences) to the extent not theretofore paid, (2) any accrued vacation pay to
the extent not theretofore paid and (3) unless Executive has a later payout date required in

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connection with the terms of a deferral plan or agreement or in order to comply with Section
409A , any compensation previously deferred by Executive (together with any accrued interest or
earnings thereon) to the extent not theretofore paid (the sum of the amounts described in clauses
(1), (2) and (3) referred to hereinafter as the “Accrued Obligations”); and

               (ii) The Company shall pay to Executive in a lump sum in cash, on the date on which the annual
cash bonus for the applicable fiscal year would be paid to other executive officers of the Company
generally and in no event later than the payment date pursuant to the terms of the applicable
incentive plan as set forth in Section 5(b)(i) , an Annual Cash Bonus in respect of the most
recently completed fiscal year of the Company ending prior to the earlier of the Date of
Termination and the date on which any Garden Leave Period commences, if the Annual Cash Bonus for
such year has not otherwise been paid, in an amount equal to the greater of (x) the amount
determined by the Compensation Committee pursuant to Section 5(b)(i), (y) Executive’s most recent
previously paid Annual Cash Bonus (including any amounts deferred or satisfied through the grant of
equity awards) and (z) US $4,750,000 (the highest of such amounts, including any amounts deferred
or satisfied through the grant of equity awards, referred to herein as the “Reference Bonus”);
provided, however, that the amount paid pursuant to this Section 7(a)(ii) shall be no greater than
the maximum amount payable to Executive as an Annual Cash Bonus for such year pursuant to the
formula established under Section 162(m)(4)(C) of the Code with respect to such bonus and the
performance goals attained for such year as certified by the Compensation Committee, without regard
to whether Executive is a covered employee within the meaning of Section 162(m)(3) of the Code for
the year such amount is deductible (the “Section 162(m) Limit Amount”), except that the Section
162(m) Limit Amount shall not apply in the event of a termination of employment during the 12-month
period following a Change in Control; and

               (iii) The Company shall pay to Executive, in a lump sum in cash on the 60th day after
Executive’s Separation from Service, a prorated Annual Cash Bonus for the fiscal year of the
Company in which the Date of Termination occurs (or, if earlier, the date on which the Garden Leave
Period commences) equal to the product of (x) the Reference Bonus and (y) a fraction, the numerator
of which is the number of days that have elapsed in the fiscal year of the Company in which the
Date of Termination occurs (or, if earlier, the date on which the Garden Leave Period commences) as
of the Date of Termination (or, if earlier, the date on which the Garden Leave Period commences),
and the denominator of which is 365 (the “Prorated Bonus”); provided, however, that, for purposes
of this Section 7(a)(iii), the Reference Bonus shall be no greater than the Section 162(m) Limit
Amount and such Prorated Bonus shall be paid on such date as the annual cash bonus would be paid to
other executive officers of the Company generally and in no event later than the payment date
pursuant to the terms of the applicable incentive plan as set forth in Section 5(b)(i), except
that, in the event of a termination of employment during the 12-month period following a Change in
Control, (A) the Section 162(m) Limit Amount shall not apply and (B) the Prorated Bonus shall be
paid on the 60th day after Executive’s Separation from Service if the Change in Control event
qualifies as an event described in Section 409A(a)(2)(A)(v); and

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               (iv) The Company shall pay to Executive, in a lump sum in cash on the 60th day after
Executive’s Separation from Service, an amount equal to the sum of (1) Executive’s then-current
annual Base Salary; (2) the Reference Bonus; and (3) an amount equal to the value, expressed in US
dollars, of the shares (or awards in respect of shares) of Company common stock awarded to
Executive under the most recently made annual grant of restricted stock, restricted stock units and
other equity or equity-based awards pursuant to Section 5(b)(ii) (and disregarding any year in
which no annual equity awards are granted), with such value to be determined as of the date of
grant without regard to the vesting conditions contained therein in accordance with the Company’s
standard valuation methodology and procedures for equity and equity-based awards as applied
consistently (the “Most Recent Equity Award Value”); provided, however, that if the Most Recent
Equity Award Value is less than 50% of the value of the annual equity awards (determined in the
same manner as the Most Recent Equity Award Value is determined) for the annual grant most recently
preceding the Most Recent Equity Award Value (and disregarding any year in which no annual equity
awards are granted) (the “Prior Equity Award Value”), then the Prior Equity Award Value shall be
the value applicable for purposes of clause (3) of this Section 7(a)(iv); and

               (v) Effective as of Executive’s Separation from Service, each and every stock option,
restricted share award, restricted share unit award and other equity or equity-based award and
performance award issued to Executive and outstanding as of the date of Separation from Service (if
not already vested) shall immediately vest and, if applicable, become exercisable, and any
restrictions on the sale or transfer (other than any such restriction arising by operation of law)
on restricted shares shall terminate; provided that any delays in payment or settlement set forth
in the grant or award agreements for awards that constitute nonqualified deferred compensation
within the meaning of Section 409A shall continue to apply in accordance with their terms; and

               (vi) To the extent that Executive elects to continue medical benefits in accordance with the
Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”), the Company shall provide
continuation of medical benefits in effect as of the Date of Termination (or, if earlier, the date
immediately preceding the date on which Executive loses coverage under the Company’s group health
plan due to a termination of employment under the terms of the applicable plan that occurs prior to
the Date of Termination) for Executive, his spouse and his covered dependents under the group
health plan then in effect for US Senior Management for the period required by law (the “COBRA
Continuation Period”). For an additional period of 18 months after the COBRA Continuation Period
(or, if the COBRA Continuation Period is less than 18 months from the Date of Termination, such
longer period as is necessary to provide a total of 36 months of coverage from the Date of
Termination) (the “Extended Coverage Period”), the Company will provide coverage under a group or
individual policy comparable to the coverage in effect for Executive, his spouse and covered
dependents on the first day of the COBRA Continuation Period (“Extended Company Coverage”);
provided, however, that, if either the Company or the insurer or the plan providing Extended
Company Coverage would incur any direct or indirect material penalty under applicable law for
providing such coverage or Executive would suffer negative tax consequences due to the manner in
which such benefits are provided, the Company may

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refuse to provide on not less than 90 days’ advance written notice to Executive, or Executive
may reject, Extended Company Coverage, in which case Executive may, but shall not be required, to
purchase individual or other coverage comparable to the Extended Company Coverage (“Extended
Individual Coverage”); provided, further, that in the event Extended Individual Coverage cannot be
obtained, the Company and Executive shall cooperate in good faith to modify the manner in which the
Extended Company Coverage is provided (or to be provided) in order to seek to minimize the
penalties applicable to the Company, the plan or the insurer and/or any negative consequences to
Executive, consistent with applicable law and the commitment to provide Executive, his spouse and
covered dependents with comparable coverage for the Extended Coverage Period, and such Extended
Company Coverage shall be provided. Executive shall be obligated to pay the COBRA premium for the
COBRA Coverage and the fair market cost for the Extended Company Coverage or Extended Individual
Coverage, and the Company shall pay to Executive, on a monthly basis in advance, an amount equal to
the applicable premium or cost. The Company’s obligation to pay Executive such monthly amounts
shall terminate at the end of the Extended Coverage Period, or if earlier, with respect to the
month following the date Executive has obtained other employment if Executive and his dependents
are covered by health care coverage provided by the new employer; and

               (vii) To the extent not theretofore paid or provided, the Company shall timely pay or provide
to Executive any other vested amounts or benefits required to be paid or provided or which
Executive is entitled to receive under any plan, program, policy or practice of the Company that is
applicable to Executive by its terms (such other amounts and benefits shall be hereinafter referred
to as the “Other Benefits”).

Notwithstanding any provision to the contrary contained herein or otherwise, the Company’s
obligation to continue to provide any of the benefits described above shall immediately cease and
shall be permanently forfeited, if it is determined by a Court of competent jurisdiction that
Executive has breached any of the restrictive covenants contained in Appendix C hereof.

          (b) Death. If Executive’s employment is terminated by reason of Executive’s death
during the Employment Period, the Company shall provide payment of Accrued Obligations, the
Prorated Bonus and the timely payment or provision of Other Benefits. Accrued Obligations and the
Prorated Bonus shall be paid to Executive’s estate or beneficiary, as applicable, in a lump sum in
cash within 30 days after the Date of Termination. In addition, if not previously paid, Executive
shall be entitled to an Annual Cash Bonus in respect of the most recently completed fiscal year of
the Company ending prior to Executive’s date of death consistent with, and at the time specified
in, Section 7(a)(ii) above, except that the Section 162(m) Limit Amount shall not apply. With
respect to the provision of Other Benefits, the term Other Benefits as used in this Section 7(b)
shall include, without limitation, and Executive’s estate and/or beneficiaries shall be entitled to
receive, benefits under such plans, programs, practices and policies relating to death benefits, if
any, as are applicable to Executive on the date of his death.

- 11 -

 

          (c) Disability. If Executive’s employment is terminated by reason of Executive’s
Disability during the Employment Period, the Company shall provide payment of Accrued Obligations,
the Prorated Bonus and the timely payment or provision of Other Benefits. Accrued Obligations
shall be paid to Executive in a lump sum in cash within 30 days after Executive’s Date of
Termination and the Prorated Bonus shall be paid to Executive in a lump sum in cash on the
60th day after Executive’s Separation from Service. In addition, if not previously
paid, Executive shall be entitled to an Annual Cash Bonus in respect of the most recently completed
fiscal year of the Company ending prior to Executive’s Date of Termination due to Disability
consistent with, and at the time specified in, Section 7(a)(ii) above, except that the Section
162(m) Limit Amount shall not apply. With respect to the provision of Other Benefits, the term
Other Benefits as used in this Section 7(c) shall include, without limitation, and Executive shall
be entitled after the Date of Termination to receive, disability and other benefits under such
plans, programs, practices and policies relating to disability, if any, as are applicable to
Executive and his covered dependents on the Date of Termination.

          (d) Voluntary Termination without Good Reason. If Executive voluntarily terminates
employment during the Employment Period without Good Reason, Executive shall be entitled to (i)
payment of Accrued Obligations in a lump sum in cash within 30 days after the earlier of the Date
of Termination and the date on which any Garden Leave Period commences, (ii) if the Annual Cash
Bonus in respect of the most recently completed fiscal year of the Company ending prior to the Date
of Termination has not otherwise been paid, payment of the Reference Bonus in a lump sum in cash
on the date on which the annual cash bonus for the applicable fiscal year would be paid to other
executive officers of the Company generally and in no event later than the payment date pursuant to
the terms of the applicable incentive plan as set forth in Section 5(b)(i) , provided, however,
that, for purposes of this Section 7(d)(ii), the Reference Bonus shall be no greater than the
Section 162(m) Limit Amount (except that the Section 162(m) Limit Amount shall not apply in the
event of a termination of employment during the 12-month period following a Change in Control),
(iii) payment in a lump sum in cash on the 60th day after Executive’s Separation from
Service of a prorated Annual Cash Bonus for the fiscal year of the Company in which the Date of
Termination occurs (or is to occur, taking into account any Garden Leave Period) equal to the
product of (x) the Reference Bonus and (y) a fraction, the numerator of which is the number of days
that have elapsed in the fiscal year of the Company in which the Date of Termination occurs (or is
to occur, taking into account any Garden Leave Period) as of the Date of Termination, and the
denominator of which is 365, provided, however, that, for purposes of this Section 7(d)(iii), the
Reference Bonus shall be no greater than the Section 162(m) Limit Amount and such Prorated Bonus
shall be paid on such date as the annual cash bonus would be paid to other executive officers of
the Company generally and in no event later than the payment date pursuant to the terms of the
applicable incentive plan as set forth in Section 5(b)(i) (except that, in the event of a
termination of employment during the 12-month period following a Change in Control, (A) the Section
162(m) Limit Amount shall not apply and (B) the Prorated Bonus shall be paid on the 60th day after
Executive’s Separation from Service if the Change in Control event qualifies as an event described
in Section 409A(a)(2)(A)(v)), and (iv) the timely payment or provision of Other Benefits.

- 12 -

 

          (e) Cause. If Executive’s employment is terminated for Cause during the Employment
Period, Executive’s employment shall terminate without further obligations to Executive, other than
for payment of (i) Accrued Obligations in a lump sum in cash within 30 days after Executive’s Date
of Termination and (ii) the timely payment or provision of Other Benefits.

          (f) Termination On or After the Expiration of the Agreement. If Executive’s
employment terminates on December 31, 2025 due to the Expiration of this Agreement (or after such
date and prior to the payment of the Annual Cash Bonus in respect of the 2025 fiscal year),
Executive shall be entitled to (i) payment of Accrued Obligations in a lump sum in cash within 30
days after Executive’s Date of Termination, (ii) if the Annual Cash Bonus in respect of the 2025
fiscal year of the Company has not otherwise been paid, payment of the Reference Bonus in a lump
sum in cash on such date as the annual cash bonus would be paid to other executive officers of the
Company generally and in no event later than the payment date pursuant to the terms of the
applicable incentive plan as set forth in Section 5(b)(i); provided, however, that, for purposes of
this Section 7(f)(ii), the Reference Bonus shall be no greater than the Section 162(m) Limit Amount
(except the Section 162(m) Limit Amount shall not apply in the event of a termination of employment
during the 12-month period following a Change in Control), and (iii) timely payment or provision of
Other Benefits. If Executive’s employment terminates after December 31, 2025, Executive’s
employment shall terminate without further obligations to Executive, other than for (x) payment of
Accrued Obligations in a lump sum in cash within 30 days after Executive’s Date of Termination, (y)
the payment of any unpaid Annual Cash Bonus in respect of the 2025 fiscal year as set forth in
clause (ii) above and (z) the timely payment or provision of Other Benefits.

          (g) Indemnification. During the Employment Period, Executive will have the same
director and officer liability insurance coverage as is provided generally to other US Senior
Management and directors and shall be subject to the indemnity provisions of the Company’s
governing documents, which the Company intends to be the widest indemnity permitted under
applicable law.

     8. Non-exclusivity of Rights. Nothing in this Agreement shall prevent or limit
Executive’s continuing or future participation in any employee benefit plan, program, policy or
practice provided by the Company and for which Executive may qualify, except as specifically
provided herein. Amounts which are vested benefits or which Executive is otherwise entitled to
receive under any plan, policy, practice or program of the Company at or subsequent to the Date of
Termination (or, if earlier, the date of Separation from Service) shall be payable in accordance
with such plan, policy, practice or program, except as explicitly modified by this Agreement.

- 13 -

 

     9. Certain Reductions in Payments.

          (a) Notwithstanding any provision of this Agreement to the contrary, in the event the
Accounting Firm (as defined below) shall determine that receipt of all Payments (as defined below)
would subject Executive to the excise tax under Section 4999 of the Code, the Accounting Firm shall
determine whether it is more beneficial to Executive to reduce any of the Payments paid or payable
pursuant to this Agreement (the “Agreement Payments”) so that the Parachute Value (as
defined below) of all Payments, in the aggregate, equals the Safe Harbor Amount (as defined below).
The Agreement Payments shall be so reduced only if the Accounting Firm determines that Executive
would have a greater Net After-Tax Receipt (as defined below) of aggregate Payments if the
Agreement Payments were so reduced. If the Accounting Firm determines that Executive would not
have a greater Net After-Tax Receipt of aggregate Payments if the Agreement Payments were so
reduced, Executive shall receive all Agreement Payments to which Executive is entitled hereunder.
For purposes of reducing the Agreement Payments so that the Parachute Value of all Payments, in the
aggregate, equals the Safe Harbor Amount, only Agreement Payments (and no other Payments) shall be
reduced.

          (b) All calculations required under this Section 9 shall be made in good faith by the
Accounting Firm and all fees and expense of the Accounting Firm shall be borne by the Company.
Such calculations shall be provided to Executive in writing as soon as practicable and in no event
later than 15 business days before the consummation of the transaction giving rise to the change in
ownership or control of the Company, and shall be subject to Executive’s review and comment.
Following Executive’s review and comment, the calculations shall be conclusive and binding on the
Company and Executive for purposes of this Section 9.

          (c) The reduction of any Agreement Payments, if applicable, shall be effected in the following
order: (i) any cash payments under Section 7(a)(iv); (ii) any cash payments under Section
7(a)(iii) that constitute a “parachute payment” under Section 280G(b)(2) of the Code; (iii) any
equity awards that are not subject to calculation under Treas. Reg. §1.280G-1, Q&A-24(b) or (c), in
the order of the grants with the latest scheduled payment (or vesting date if no payment is
scheduled) to the earliest scheduled payment (or vesting date, if applicable); (iv) acceleration of
vesting of any stock options subject to calculation under Treas. Reg. §1.280G-1, Q&A-24(b) or (c)
for which the exercise price exceeds the then fair market value of the underlying stock, in the
order selected by Executive; (v) acceleration of vesting of any equity award subject to calculation
under Treas. Reg. §1.280G-1, Q&A-24(b) or (c) that is not a stock option, in the order of the
equity tranches with the largest 280G Payment value to those with the smallest 280G Payment value;
and (vi) acceleration of vesting of any stock options subject to calculation under Treas. Reg.
§1.280G-1, Q&A-24(b) or (c) for which the exercise price is less than the fair market value of the
underlying stock in the order selected by Executive.

          (d) To the extent requested by Executive, the Company shall cooperate with Executive in good
faith in valuing, and the Accounting Firm shall take into account the value of, services provided
or to be provided by Executive (including without

- 14 -

 

limitation, Executive’s agreeing to refrain from performing services pursuant to a covenant
not to compete or similar covenant, including Executive’s obligation to refrain from providing
certain services during any Garden Leave Period) before, on or after the date of a change in
ownership or control of the Company (within the meaning of Q&A-2(b) of the final regulations under
Section 280G of the Code), such that payments in respect of such services may be considered
reasonable compensation within the meaning of Q&A-9 and Q&A-40 to Q&A-44 of the final regulations
under Section 280G of the Code and/or exempt from the definition of the term “parachute payment”
within the meaning of Q&A-2(a) of the final regulations under Section 280G of the Code in
accordance with Q&A-5(a) of the final regulations under Section 280G of the Code.

          (e) Definitions. The following terms shall have the following meanings for purposes
of this Section 9.

          (i) “Accounting Firm” shall mean a nationally recognized certified public
accounting firm that is selected by the Company for purposes of making the applicable
determinations hereunder and reasonably acceptable to Executive, which firm shall not,
without Executive’s consent, be a firm serving as accountant or auditor for the Company or
the individual, entity or group effecting the change of control.

          (ii) “Net After-Tax Receipt” shall mean the present value (as determined in
accordance with Sections 280G(b)(2)(A)(ii) and 280G(d)(4) of the Code) of a Payment net of
all taxes imposed on Executive with respect thereto under Sections 1 and 4999 of the Code
and under applicable state and local laws, determined by applying the highest marginal rate
under Section 1 of the Code and under state and local laws that applied to Executive’s
taxable income for the immediately preceding taxable year, or such other rate(s) as the
Accounting Firm determined to be likely to apply to Executive in the relevant tax year(s).

          (iii) “Parachute Value” of a Payment shall mean the present value as of the
date of the change of control for purposes of Section 280G of the Code of the portion of
such Payment that constitutes a “parachute payment” under Section 280G(b)(2) of the Code,
as determined by the Accounting Firm for purposes of determining whether and to what extent
the excise tax under Section 4999 of the Code will apply to such Payment.

          (iv) “Payment” shall mean any payment, distribution or benefit in the nature
of compensation (within the meaning of Section 280G(b)(2) of the Code) to or for the
benefit of Executive, whether paid or payable pursuant to this Agreement or otherwise.

          (v) “Safe Harbor Amount” means (x) 3.0 times Executive’s “base amount,” within
the meaning of Section 280G(b)(3) of the Code, minus (y) $1.00.

- 15 -

 

     10. Restrictions on Conduct of Executive. The Company and Executive specifically
acknowledge that Executive shall be required to comply with the restrictive covenants set forth in
Appendix C hereof.

     11. Assignment and Successors.

          (a) This Agreement is personal to Executive and without the prior written consent of the
Company shall not be assignable by Executive otherwise than by will or the laws of descent and
distribution. This Agreement shall inure to the benefit of and be enforceable by Executive’s legal
representatives.

          (b) This Agreement shall inure to the benefit of and be binding upon the Company and its
successors and assigns.

          (c) The Company will require any successor (whether direct or indirect, by purchase, merger,
consolidation or otherwise) to all or substantially all of the business and/or assets of the
Company to assume expressly and agree to perform this Agreement in the same manner and to the same
extent that the Company would be required to perform it if no such succession had taken place. As
used in this Agreement, “Company” shall mean the Company as hereinbefore defined and any successor
to its business and/or assets as aforesaid which assumes and agrees to perform this Agreement by
operation of law, or otherwise.

     12. Full Settlement; Resolution of Disputes. The Company agrees to pay promptly as
incurred, to the fullest extent permitted by law, all legal fees and expenses that Executive may
reasonably incur as a result of any contest by the Company, Executive or others as to the validity
or enforceability of, or liability under, any provision of this Agreement or any guarantee of
performance thereof (including as a result of any contest by Executive about the amount of any such
payment pursuant to this Agreement), but only if Executive is the prevailing party on at least one
material issue raised in the enforcement proceeding.

     13. Miscellaneous.

          (a) Waiver. Failure of either party to insist, in one or more instances, on
performance by the other in strict accordance with the terms and conditions of this Agreement shall
not be deemed a waiver or relinquishment of any right granted in this Agreement or of the future
performance of any such term or condition or of any other term or condition of this Agreement,
unless such waiver is contained in a writing signed by the party making the waiver.

          (b) Severability. If any provision or covenant, or any part thereof, of this
Agreement should be held by any court to be invalid, illegal or unenforceable, either in whole or
in part, such invalidity, illegality or unenforceability shall not affect the validity, legality or
enforceability of the remaining provisions or covenants, or any part thereof, of this Agreement,
all of which shall remain in full force and effect.

- 16 -

 

          (c) Entire Agreement. This Agreement contains the entire agreement between the
Company and Executive with respect to the subject matter hereof and supersedes the First Amended
Employment Agreement and any other agreement between the parties with respect to the subject matter
hereof. Notwithstanding any provision in any restricted stock or other short- or long-term equity
compensation award agreement between Executive and the Company entered into before or after the
Effective Date, Executive shall not be required to provide any advance written notice of
Executive’s intent to terminate employment other than the Notice of Termination required under this
Agreement, and the nondisclosure, nonrecruitment, nonsolicitation and works-for-hire provisions of
any such restricted stock agreements or other equity award agreements shall not apply to Executive.
Rather, for the avoidance of doubt, Executive shall be subject to the Notice of Termination
provisions of this Agreement and the nondisclosure, nonrecruitment, nonsolicitation, works-for-hire
and other provisions of Appendix C.

          (d) Governing Law. Except to the extent preempted by federal law, and without regard
to conflict of laws principles, the laws of the State of Georgia shall govern this Agreement in all
respects, whether as to its validity, construction, capacity, performance or otherwise.

          (e) Notices. All notices, requests, demands and other communications required or
permitted hereunder shall be in writing and shall be deemed to have been duly given if delivered by
hand or mailed within the continental United States by first class, registered or certified mail,
postage prepaid, as follows:

	 	 	 	 	 

	 

	 	To Company:
	 	Invesco Ltd.
	 

	 	 	 	1555 Peachtree Street NE
	 

	 	 	 	Atlanta, GA 30309
	 

	 	 	 	Attention: General Counsel
	 
	 	 	 	 
	 

	 	To Executive:
	 	Mr. Martin L. Flanagan
	 

	 	 	 	700 Fairfield Road N.W.
	 

	 	 	 	Atlanta, Georgia 30324

Any party may change the address to which notices, requests, demands and other communications shall
be delivered or mailed by giving notice thereof to the other party in the same manner provided
herein.

          (f) Amendments and Modifications. This Agreement may be amended or modified only by a
writing signed by the Company and Executive, which makes specific reference to this Agreement.

          (g) Survivorship. Upon the expiration or other termination of this Agreement and/or
the Employment Period, the respective rights and obligations of the parties hereto shall survive
such expiration or other termination to the extent necessary to carry out the intentions of the
parties under this Agreement.

- 17 -

 

          (h) Construction. Each party and his or its counsel have reviewed this Agreement and
have been provided the opportunity to revise this Agreement and accordingly, the normal rule of
construction to the effect that any ambiguities are to be resolved against the drafting party shall
not be employed in the interpretation of this Agreement. Instead, the language of all parts of
this Agreement shall be construed as a whole, and according to its fair meaning, and not strictly
for or against any party.

     14. Section 409A Compliance.

          (a) Payment of Amounts and Benefits. Notwithstanding anything in this Agreement to
the contrary, if and to the extent any amount or benefit (including equity awards) set forth in
this Agreement constitutes nonqualified “deferred compensation” subject to Section 409A and
is payable or distributable by reason of Executive’s termination of employment, including the
placement of Executive on paid administrative leave during the Garden Leave Period pursuant to
Section 6(g), to the extent such termination or placement on administrative leave constitutes a
“separation from service” within the meaning of Section 409A (“Separation from Service”), then such
amount or benefit will be payable or distributable to Executive as follows:

               (i) if Executive is not a Specified Employee as of the date that Executive incurs a Separation
from Service, then

               (A) if the payment or distribution is payable in a lump sum, the earlier of
Executive’s death or the 60th day after the Executive’s Separation from Service, and

               (B) if the payment or distribution is payable over time, in accordance with the
normal payment or distribution schedule for such payments or distributions; or

               (ii) if Executive is a Specified Employee (as defined below) as of his Separation from
Service, then

               (A) if the payment or distribution is payable in a lump sum, the earlier of
Executive’s death or the first day of the seventh month following Executive’s Separation
from Service, plus interest at the applicable federal rate provided for in Section
7872(f)(2)(A) of the Code for the month in which Executive’s Separation from Service occurs
(the “AFR”); and

               (B) if the payment or distribution is payable over time, the amount of such
compensation that would otherwise be payable during the six-month period immediately
following Executive’s Separation from Service will be accumulated and paid upon the earlier
of Executive’s death or the first day of the seventh month following Executive’s Separation
from Service, plus interest at the AFR, and the normal payment or distribution schedule for
any remaining payments or distributions will resume.

- 18 -

 

          A “Specified Employee” has the meaning given such term in Section 409A and shall be determined
in accordance with rules adopted by the Board of Directors or a committee thereof, which shall be
applied consistently with respect to all nonqualified deferred compensation arrangements of the
Company. Despite any contrary provision of this Agreement, references to termination of employment
or Date of Termination shall refer to the date of Executive’s Separation from Service, to the
extent such reference relates to the timing of the commencement of payment of an amount that
constitutes nonqualified deferred compensation within the meaning of Section 409A , but, to the
extent any such reference relates to the determination of an amount or is used for any other
purpose, the Date of Termination, not the date of Separation from Service, shall be the relevant
date.

          (b) Miscellaneous Provisions. It is intended that the payments and benefits provided
under this Agreement shall comply with the provisions of Section 409A and the Treasury regulations
relating thereto, or an exemption to Section 409A, and this Agreement shall be interpreted
accordingly. Any payments or benefits that qualify for the “short-term deferral” exception or
another exception under Section 409A shall be paid under the applicable exception. Any payments
with respect to which Executive has previously made a deferral election shall be subject to such
deferral election, although for the avoidance of doubt, in no event shall any prior deferral
election apply to any portion of the severance payments under Section 7(a)(iv). For purposes of
the limitations on nonqualified deferred compensation under Section 409A, each payment of
compensation under this Agreement shall be treated as a separate payment of compensation for
purposes of applying the Section 409A deferral election rules and the exclusion under Section 409A
for certain short-term deferral amounts. All reimbursements and in-kind benefits provided under
this Agreement that constitute nonqualified deferred compensation within the meaning of Section
409A shall be subject to the following: (i) in no event shall reimbursements by the Company be made
later than the end of the calendar year following the calendar year in which the applicable
expenses and other amounts were incurred; (ii) the amount or benefits that the Company is obligated
to pay or provide in any given calendar year shall not affect the amount or benefits that it is
obligated to pay or provide in any other calendar year; (iii) reimbursements and in-kind benefits
may not be liquidated or exchanged for any other benefit; and (iv) except as otherwise specifically
provided herein, the Company’s obligations to make such reimbursements or provide such in-kind
benefits shall apply until the later of Executive’s death or, if longer, through the
20th anniversary of Executive’s Separation from Service. In no event may Executive,
directly or indirectly, designate the calendar year of any payment under this Agreement. Within
the time period permitted under Section 409A or any Internal Revenue Service or Treasury
regulations, rules or other guidance issued thereunder, the Company and Executive may modify this
Agreement in the manner that preserves the original intent and does not diminish the value of the
payments and benefits to Executive in order to cause the provisions of this Agreement to comply
with the requirements of Section 409A, so as to avoid the imposition of taxes and penalties on
Executive pursuant to Section 409A.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

- 19 -

 

          IN WITNESS WHEREOF, the parties hereto have duly executed and delivered this Amended and
Restated Master Employment Agreement as of the date first above written.

	 	 	 	 	 	 	 

	 	 	INVESCO LTD.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

Name: Rex D. Adams
	 	 
	 

	 	 	 	Title: Chairman of the Board
of Directors	 	 
	 
	 	 	 	 	 	 
	 	 	EXECUTIVE:	 	 
	 
	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	Martin L. Flanagan	 	 

- 20 -

 

APPENDIX A

Terms of Reference

Corporate Governance

Terms of Reference for the Chief Executive Officer

Authority and Reporting

	 	1.	 	The Chief Executive Officer (“CEO”) is generally responsible for managing the
business of Invesco Ltd. and its subsidiaries (collectively, the “Company”), and is
accountable to and reports to the Board of Directors (the “Board”) of the Company with
regard thereto.
	 
	 	2.	 	The CEO has general supervision of the business of the Company and is
responsible for all senior management matters affecting the Company. All members of
senior management report, either directly or indirectly, to him.

Key Responsibilities

	 	3.	 	The CEO is responsible for conducting the affairs of the Company with the
highest standards of integrity and probity and in compliance with all applicable laws,
principles and rules of corporate governance, including the Company’s Articles of
Association, its Corporate Governance Manual and the resolutions of the Board, as the
same shall be in effect from time to time.
	 
	 	4.	 	The CEO is responsible for proposing and developing the Company’s strategy
and overall commercial objectives, which he does in close consultation with the senior
management team, the Chairman of the Board of Directors (the “Chairman”) and the
Board.
	 
	 	5.	 	The CEO is responsible for ensuring that the Company has in place all
necessary financial, operational and compliance controls and risk management systems.
	 
	 	6.	 	The CEO is responsible — with the senior management team — for implementing
the decisions of the Board and its committees.

Additional Responsibilities

     Further, the CEO is responsible for:

	 	7.	 	Providing input to the Board’s agenda from himself and other members of
senior management;

 

 

	 	8.	 	Ensuring that he communicates with the Chairman on the important and
strategic issues facing the Company, and proposing Board agendas to the Chairman which
reflect these;
	 
	 	9.	 	Ensuring that the senior management team gives appropriate priority to
providing reports to him and, where required, the Board which contain accurate, timely
and clear information;
	 
	 	10.	 	Ensuring, in consultation with the Chairman, that he and the other members of
senior management comply with the Board’s approved procedures;
	 
	 	11.	 	Providing information and advice on succession planning to the Chairman, the
Nomination and Corporate Governance Committee and other members of the Board, in
respect of members of senior management;
	 
	 	12.	 	Leading the communication program with shareholders;
	 
	 	13.	 	Ensuring that the development needs of the members of senior management
reporting to him are identified and met;
	 
	 	14.	 	Ensuring that performance reviews for each of the members of senior
management are carried out at least once a year and providing input to the wider Board
evaluation process; and
	 
	 	15.	 	Performing such other duties and exercising such other powers as from time to
time may be assigned to him by the Board.

2

 

APPENDIX B

Non-Exclusive List of Activities

Carter Center

Commerce Club

Investment Company Institute

Southern Methodist University

Woodruff Arts Center

 

 

APPENDIX C

Confidential Information

     A critical aspect of Executive’s position is access to trade secret, proprietary, and
confidential information. For example, Executive’s knowledge of the exact amounts and holdings of
Company-related investment positions is confidential. While some of that information may
eventually be made public, the information is extremely sensitive and is to be treated as
confidential until it is released. Likewise, computer models and programs developed by the Company
or purchased by it are proprietary and confidential. Other information the Company possesses as
trade secrets or confidential information include (without limitation) its marketing strategies,
marketing plans, compensation arrangements, benefit plans, and ideas and inventions of its
employees. (For purposes of this Appendix C, “Company” includes the subsidiaries and affiliates of
the Company.)

     These are simply examples of the types of information the Company considers trade secret
and/or confidential. As time passes, the Company will no doubt develop new categories of
information it considers trade secrets and/or confidential. As this occurs, the Company will
identify such new categories of information and remind Executive of the obligation to treat it as
confidential. The importance of all of the types of information identified here is that the
Company’s competitors do not have permitted access to this information and are thus unable to use
it to compete with the Company. Accordingly, these types of information create a competitive
advantage for the Company and are economically valuable. Thus, Executive agrees not to disclose or
use any of the Company’s trade secret and/or confidential information for Executive’s own benefit
or the benefit of anyone other than the Company, during Executive’s employment and after the
effective date of the termination of Executive’s employment relationship with the Company.

Company Employees and Customers

     Executive agrees that, in the event of the termination of the employment relationship between
Executive and the Company, Executive will not solicit or hire any Company employees for a period of
six (6) months after the Date of Termination (the “Non-solicit Period”). Further, Executive agrees
that during the Non-Solicit Period Executive will not solicit the business relationships Executive
developed or acquired while working for the Company.

Inventions and Ideas

     Since the Company is paying Executive for Executive’s time and efforts, Executive agrees that
all information, ideas, and inventions developed while employed by the Company related in any way
to the Company’s business, are the sole property of the Company. This includes all investment
models, processes, and methodologies Executive develop while employed by the Company. Indeed, one
of the reasons for Executive’s employment is the creation of such ideas. This information is
confidential and trade secret information as discussed above. Executive understands that the
Company may

 

 

seek to patent or to obtain trademark or copyright protection related to such information,
ideas, and inventions, and that, if necessary, Executive will assign any interest Executive may
have in such information, ideas, and inventions Executive develops to the Company.

Return of Company Property

     Upon the termination of Executive’s employment, Executive agrees to return all property of the
Company. To the extent such property is information of which Executive has detailed knowledge but
no electronic or other documents containing such information, Executive agrees to itemize such
information in writing for the Company prior to the effective date of the termination of
Executive’s employment.

2Ex-4.7

 

Exhibit 4.7

LEASE DEED

THIS LEASE DEED (‘Lease Deed’) is made at Chennai on this 6th day of December, 2010.

BY AND BETWEEN

M/s DLF Assets Private Limited, a Company incorporated under the Companies Act, 1956 and having its
registered office at
10th Floor, DLF Gateway Tower, ‘R’ Block, DLF City Phase-III,
Gurgaon-122002 (hereinafter referred to as “THE LESSOR” which expression shall, unless it be
repugnant to the context or meaning thereof, be deemed to mean and include M/s DLF Assets Private
Limited and its successors and assigns) acting through its authorized signatory, Mr. A.C. Sachdev
vide Board Resolution dated 16.04.2009 of the First Part.

AND

M/s WNS Global Services Private Limited, a company incorporated under the Companies Act, 1956 , and
presently having its registered office in India at Gate 4, Godrej & Boyce Complex, Pirojshanagar,
Vikhroli (W), Mumbai 400 079 (hereinafter referred to as “THE LESSEE” which expression shall,
unless it be repugnant to the context or meaning thereof, be deemed to mean and include M/s WNS
Global Services Private Limited and its successors) having Permanent Account Number AAACW2598L and
Tax Collection and Deduction Account Number MUMW01007G acting through its authorized signatory Mr.
Ronald DMello vide Board Resolution dated 30.11.2010 of the Second Part.

(Both THE LESSOR and THE LESSEE are collectively referred to as “the Parties”).

	A.	 	WHEREAS DLF Info City Developers (Chennai) Limited, as owners of the said Plot described
below, has been granted approval for and notified as Developers at SEZ situated at Chennai
(SEZ unit) vide notification F-2/124/2006-SEZ dated 16th November, 2006 and
approval letter No. F-2/124/2005- EPZ dated 22nd June, 2006.
	 
	B.	 	AND WHEREAS subsequently DLF Info City Developers (Chennai) Limited has executed
Co-Development Agreement dated 29th November, 2006 for the purpose of development of the said
SEZ unit with THE LESSOR as well as a perpetual lease of the said Plot in favour of THE
LESSOR.
	 
	C.	 	AND WHEREAS the Govt. of India, Ministry of Commerce and Industry, Department of Commerce,
SEZ Section vide their letter No. F 2 / 124 / 2005 - EPZ dated 14th February, 2007 has also
approved THE LESSOR as a Co-Developer of the said SEZ unit.
	 
	D.	 	AND WHEREAS THE LESSOR is seized and possessed of the said Plot and the building to be
constructed thereon, as per the Master Plan to be approved by the Chennai Metropolitan
Development Authority (CMDA) and such other authorities as may be required and THE LESSOR
being competent to lease office spaces in the said Building on the said plot has agreed to
give on lease, office space in the said Building as per detailed terms stipulated in this
Lease Deed and Annexures from I to XII forming part of this Lease Deed.

1

 

	E.	 	AND WHEREAS THE LESSOR is constructing multi-storeyed buildings comprising of approx. 10
blocks with basements and named as ‘DLF IT Park @ Chennai’ (hereinafter referred to as the
“said Complex”) in accordance with the building plans as shall be approved by the CMDA or from
such other authorities as may be needed to form the same as a Special Economic Zone under the
rules framed by the Government of India from time to time for its approval.
	 
	F.	 	AND WHEREAS THE LESSEE has approached THE LESSOR to take on lease and THE LESSOR has agreed
to give on lease, for a period of Five (5) years commencing from the Lease Commencement
Date(s) as defined in and as per terms stipulated in this Lease Deed, office spaces in the
said Building, having an aggregate Super Built-up area of 70,657 sq.ft. (6,564.216 sq. mtrs.)
in two phases more or less at site (final area would be arrived only after completion of the
said Building) on entire 10th Floor, Block 10 (hereinafter referred to as the
“Demised Premises”) as per the terms of this Lease Deed. Block 10 is hereinafter referred to
as the “said Building”.
	 
	G.	 	AND WHEREAS based on the above representations made by THE LESSOR and after due inspection
and verification of the said Plot, said Building, approved building plans, ownership record of
the said Plot, said Building and other documents relating to the title, competency and all
other relevant details, THE LESSEE is satisfied in all respects with regard to the right,
title and authority of THE LESSOR to enter into this Lease Deed.
	 
	H.	 	AND WHEREAS as and when THE LESSOR permits THE LESSEE to carry out the interior works in the
Demised Premises, THE LESSEE hereby confirms that it shall carry out, implement and execute
all interior works/designs of the Demised Premises in compliance/adherence with the approval/
guidelines issued by THE LESSOR from time to time for carrying out such interior works in the
Demised Premises. THE LESSEE further confirms that it has obtained all pre-requisite
sanctions, approvals, licenses, from all the Statutory/Competent Authorities, which may be
necessary for commencement of its business operations in the Demised Premises. Upon
assurances of THE LESSEE that it shall strictly abide by the covenants contained in this
Lease Deed, THE LESSOR has agreed to give on lease to THE LESSEE the Demised Premises on the
terms and conditions recorded herein.
	 
	 	 	THE LESSEE shall intimate, in writing, the completion of the interior works to THE LESSOR
and the Building Manager along with a certificate that the interior works have been carried
out by THE LESSEE as per the drawings approved by THE LESSOR. THE LESSOR shall have the
option and right to inspect and verify the same.
	 
	I.	 	AND WHEREAS THE LESSEE confirms that it is executing this Lease Deed
with full knowledge of all the laws, bye-laws, rules, regulations,
notification etc. which are applicable to the said Plot, said Building
and the Demised Premises.
	 
	J.	 	On THE LESSEE’s behalf, the Lease Deed has been negotiated through Mr
Milind Ghule, Head — Facilities.
	 
	 	 	On THE LESSOR’s behalf, the Lease Deed has been negotiated through Mr. Amit Grover, Head —
Corporate Marketing.
	 
	K.	 	AND WHEREAS both the Parties have agreed to enter into this Lease Deed on the terms and
conditions stipulated in this Lease Deed and Annexures I to XII annexed hereto:

2

 

NOW THEREFORE IT IS HEREBY AGREED BY AND BETWEEN THE PARTIES HERETO AS FOLLOWS:-

	1.	 	THE LESSOR hereby leases out to THE LESSEE and THE LESSEE takes on lease from the Lease
Commencement Date(s) as specified in Annexure-II, office space admeasuring an aggregate
super built up area of 6,564.216 sq. mtrs (70,657 sq. ft.) as two phases on entire
10th Floor, Block 10 (as shown in Annexure III(b) in DLF IT Park @ Chennai,
1/124, Shivaji Gardens, Moonlight Stop, Nandambakkam, Mount Poonamallee Road, Chennai —
600086 as more detailed in Annexure - II (hereinafter referred to as the “Demised
Premises”), the area calculations for which are defined in
Annexure -  IV to this Lease
Deed, and also obtains the right to use only the common areas in the said Building/said
Plot to be used by THE LESSEE together with other occupants in the said Building and the
right to park cars in terms of this Lease Deed, in the car /two wheeler parking spaces
earmarked in the basement(s)/ surface/ mechanical car /two wheeler parking spaces by THE
LESSOR.
	 
	2.	 	The rent, car/ two wheeler parking space charges, maintenance and other charges as
specified in this Lease Deed shall commence from the Date of Lease Commencement as
specified in Annexure -II.
	 
	 	 	Façade signage charges shall commence from Date of Lease Commencement or the date on which
such façade signage has been taken up by THE LESSEE.
	 
	 	 	The detailed calculations of rent, car /two wheeler parking space charges & security
deposits payable by THE LESSEE during the period of this lease are
given in Annexure - V to
this Lease Deed.
	 
	3.	 	THE LESSEE can terminate the Lease Deed, without cause, at any time during lease tenure
by giving prior notice in writing or payment of rent and other dues in lieu of the notice
to THE LESSOR as per the notice period mentioned in Annexure - II.
	 
	 	 	THE LESSEE agrees not to terminate the lease till the expiry of 36 months (Lock-In Period)
from the respective Dates of Lease Commencement for Phase I and Phase II as mentioned in
Annexure II. THE LESSEE agrees that in case THE LESSEE terminates the Lease Deed prior to
the expiry of Lock -in period, then THE LESSEE hereby authorize THE LESSOR to deduct from
the deposits lying with THE LESSOR, the entire rent and any other sums due and payable under
the Lease Deed for the unexpired period of the Lock - in period.
	 
	 	 	After the said Lock - in period, THE LESSEE may terminate the lease by giving three (03)
months’ prior notice in writing to THE LESSOR or by payment of proportionate equivalent rent
and all other charges / sums stipulated under this Lease Deed in lieu of the notice
period stipulated herein. Upon expiry of three (03) months from the date of notice, as
aforesaid, the lease shall stand terminated subject to THE LESSEE paying THE LESSOR till the
date of vacation of the Demised Premises, the entire rent, car parking charges, maintenance
charges, other charges, taxes etc. as set out in this Lease Deed and handing over vacant,
peaceful, physical possession of the Demised Premises.
	 
	 	 	THE LESSEE agrees that if THE LESSOR is constrained by the acts of THE LESSEE which involve
breaches / defaults of the Lease Deed or if THE LESSEE or its bankers have dishonored the
cheques for 3 times in a year made in payment of various sums due under the Lease Deed and
THE LESSEE does not rectify the breach within 15 days of receipt of notice of such breach,
then in that event THE LESSEE authorizes and grants a specific right to THE LESSOR to
terminate this Lease Deed and claim outstanding arrears of rent, maintenance charges, car
/two wheeler parking charges, signage charges (if any), taxes and other charges payable
under the Lease Deed for the unexpired Lock-in period and THE LESSEE hereby undertakes to
pay the said sums without any demur or protest whatsoever and will not raise any claims or
disputes in this regard.
	 
	 	 	THE LESSOR’s right of terminating this Lease Deed shall be as contained in this Clause and
Clause 55 of the Annexure - I appended to the Lease Deed.

3

 

	4.	 	THE LESSEE agrees, that in consideration of THE LESSOR granting the right to use car/
two wheeler parking spaces as mentioned in Annexure - II earmarked in the
basement(s)/surface/mechanical car /two wheeler parking spaces (plan attached as Annexure
-VII to this Lease Deed) to perform all its obligations under this Lease Deed pertaining
to use of car/ two wheeler parking spaces.
	 
	5.	 	Simultaneous upon THE LESSEE paying all its dues under this Lease Deed and delivering
peaceful, vacant and physical possession of the Demised Premises on or before the last day
of the validity of the Lease Deed, THE LESSOR shall refund all the refundable security
deposits without any interest thereon under this Lease Deed deposited by THE LESSEE only
after adjusting outstanding dues, if any.
	 
	 	 	In case of delay by THE LESSOR in refunding the refundable security deposits, THE
LESSOR shall pay interest to THE LESSEE at the rate of 15% p.a. for the period of delay and
THE LESSEE shall be entitled to retain possession of the Demised Premises without use and
without payment of rent and other charges for such period of delay
	 
	6.	 	The Lease Deed alongwith the Annexures annexed hereto constitutes the entire agreement
between the Parties and revokes and supersedes all previous discussions written or oral,
correspondence and/or any deeds between the Parties. This Lease Deed shall not be changed
or modified except by written amendment duly agreed and signed by the Parties.
	 
	7.	 	The original Lease Deed duly executed and registered in terms of this Lease Deed shall
be retained by THE LESSOR and copy of the same certified to be a true copy will be provided
to THE LESSEE by THE LESSOR. The original Lease Deed shall be produced by THE LESSOR as
and when required by THE LESSEE.

4

 

	8.	 	Failure of either Party to enforce at any time or for any period of time the provisions
hereof shall not be construed to be waiver of any provisions or of the right thereafter to
enforce each and every provision hereof.
	 
	9.	 	THE LESSOR shall not be held responsible for any consequences or liabilities under this
Lease Deed if it is prevented in performing its obligations under the terms of this Lease
Deed by reason of laws or regulations, action by any local body or authority, local or
otherwise, riots, insurrection, war, terrorist action, acts of God and unforeseen
circumstances beyond its control. Subject to clause 11 and 55 of the Lease Deed, the
performance of THE LESSOR’s obligation under this Lease Deed shall be subject to the
regular payment of rent including other payments by THE LESSEE as stipulated in this Lease
Deed.
	 
	10.	 	The disputes or differences between THE LESSEE and THE LESSOR pertaining to performance
of the terms and conditions of this Agreement shall, so far as it is possible settled
amicably through consultation between authorized representatives of the parties. If after
15 days of consultation, the parties fail to reach an amicable settlement on the disputes
or differences pertaining to the performance of this Agreement, such disputes or
differences shall be submitted to Arbitration for final adjudication.
	 
	 	 	Reference to arbitration shall be in accordance with the provisions of the Arbitration and
Conciliation Act 1996 and/or any statutory modifications thereto by an Arbitral Tribunal
consisting of three arbitrators. Each Party shall appoint its nominee arbitrator and both
the appointed nominee arbitrators shall appoint third arbitrator, who shall be the Presiding
Arbitrator. If the nominee arbitrators fail to reach a consensus on the Presiding
Arbitrator, the parties shall approach the Court for appointment of a Presiding Arbitrator.
	 
	 	 	To invoke the arbitration clause, THE LESSEE must have paid all the pending rentals,
maintenance and other charges as per the Lease Deed. However, in case of dispute of
maintenance services which are not provided by THE LESSOR to THE LESSEE as per the Lease
Deed, in such an event, the payment of maintenance charges for only such period will be
withheld by THE LESSEE and THE LESSEE will continue to pay all rentals, maintenance charges
and other charges etc. as per Lease Deed. During the arbitration proceedings, both THE
LESSEE and THE LESSOR shall continue to fulfill their obligations under the Lease Deed.
	 
	 	 	The Civil Courts and High Court at Chennai, alone shall have jurisdiction for the
purposes of this agreement.
	 
	11.	 	That this Lease Deed and the rights and obligations of the Parties under or arising out
of this Lease Deed be construed and enforced in accordance with the laws of India.
	 
	 	 	The terms and conditions agreed between THE LESSOR and THE LESSEE containing interalia a)
covenants and conditions to be observed and performed by THE LESSEE, and b) covenants and
conditions to be observed and performed by THE LESSOR, are as per Annexures I to XII of this
Lease Deed. These Annexures I to XII shall form an integral part of this Lease Deed and
shall be binding on THE LESSOR and THE LESSEE.

5

 

	 	 	THE LESSOR M/s DLF Assets Private Limited through its Authorized Signatory Shri A.C. Sachdev
authorized to execute Lease Deeds etc. has executed this Lease Deed. This Lease Deed will be
presented for registration before the Registering Authority and got registered by Shri
Ernest David, who has been authorized vide Power of Attorney dated 18.03.2008 of THE LESSOR
to appear before the Registering Authority and present for registration, acknowledge and get
registered the Deed executed by Shri A.C. Sachdev on behalf of THE LESSOR.

IN WITNESS WHEREOF the Parties hereto have set their hands to these presents on the day, month and
year first and above mentioned.

THE LESSOR:

SIGNED AND DELIVERED on behalf of the above named DLF Assets Private Limited acting through Mr.
A.C. Sachdev, its Authorized Signatory:

In the presence of:

	 	 	 	 	 
	 

	 	For and on behalf of	 	 
	WITNESSES:

	 	DLF Assets Private Ltd.	 	 
	1

	 	s/d	 	 
	 

	 	(A.C. Sachdev)	 	 
	 

	 	AUTHORIZED SIGNATORY	 	 
	2
	 	 	 	 

THE LESSEE:

SIGNED AND DELIVERED on behalf of the above named WNS Global Services Private Ltd. acting through
Mr. Ronald DMello, its Authorized Signatory:

In the presence of

	 	 	 	 	 
	WITNESSES
	 	 	 	 
	 

	 	For and on behalf of	 	 
	1

	 	WNS Global Services Private Ltd	 	 
	 
	 	 	 	 
	 

	 	s/d	 	 
	 

	 	(Ronald DMello)	 	 
	2.

	 	AUTHORIZED SIGNATORY	 	 

6

 

ANNEXURES

	 	 	 	 	 
	I

	 	—
	 	Detailed Terms and Conditions between
THE LESSOR and THE LESSEE
	 
	 	 	 	 
	II

	 	—
	 	Commercial Terms and Conditions
	 
	 	 	 	 
	III (a)

	 	—
	 	Description of the Plot
	 
	 	 	 	 
	III (b)

	 	—
	 	Floor Plan
	 
	 	 	 	 
	IV (a) & (b)

	 	—
	 	Super Built-up area calculations
	 
	 	 	 	 
	V(a) & (b)

	 	—
	 	Statement of rent, Interest Free Refundable Security Deposit, Interest Free Refundable
Maintenance Security Deposit and Car/ Two Wheeler parking space charges paid / payable
by THE LESSEE to THE LESSOR during the lease period.
	 
	 	 	 	 
	VI

	 	—
	 	Monthly Maintenance and service expenditure (Indicative)
	 
	 	 	 	 
	VII

	 	—
	 	Car/ Two Wheeler parking spaces
earmarked for use by THE LESSEE
	 
	 	 	 	 
	VIII

	 	—
	 	Tentative Building Specifications
	 
	 	 	 	 
	IX

	 	—
	 	THE LESSEE’s responsibility during additional interior fit-outs work,
additions/modifications/alterations of interior works and during the Lease Tenure/Lease
renewal and operations during the lease period/ lease renewal
	 
	 	 	 	 
	X (a)

	 	—
	 	Charges for Power
	 
	 	 	 	 
	X (b)

	 	—
	 	Charges for Maintenance
	 
	 	 	 	 
	XI

	 	—
	 	Merger & Amalgamation Undertaking
	 
	 	 	 	 
	XII

	 	—
	 	Electronic Clearing System Activation Form

7

 

ANNEXURE-I

Terms and conditions forming an integral part of the Lease Deed dated December 6, 2010 between
M/s DLF Assets Private Ltd. and M/s WNS Global Services Private Ltd., while not derogating from the
mutual promises set out therein:

TERMS AND CONDITIONS

	 	1.	 	THE LESSOR shall charge and THE LESSEE shall pay an initial bare shell rent of Rs.
39/-(Rupees Thirty Nine only) per sq. ft. per month as detailed in Annexure - II on the
super built - up area of the Demised Premises to be paid fully without any and all
deductions whatsoever save and except the deduction of tax at source, if applicable. The
liability towards payment of Service Tax and other taxes as applicable on monthly rents
shall be borne by THE LESSEE.
	 
	 	2.	 	THE LESSEE shall pay to THE LESSOR or its nominees/permitted assigns, by cheque / bank
draft/wire transfer payable as detailed in Annexure II of this Lease Deed the rent and all
other sums payable under this Lease Deed. Payments to be done as per Annexure XII. In case
the Rent Commencement Date is other than the first of the month, in such case THE LESSEE
shall pay Rent and other sum payable under the Lease Deed in advance for the portion of the
month i.e. from the Rent Commencement Date to last day of the month and also for the
following month. Thereafter, the rent and all other sums payable under this Lease Deed
shall be paid on the 1st day of each calendar month (due date) but not later
than the 7th day, in advance for the month in respect of which such sums are
payable.
	 
	 	3.	 	The rent is exclusive of all the taxes. In addition to the rent payable for the Demised
Premises as stipulated in this Lease Deed, THE LESSEE shall also be liable to bear and pay
on its sole account the entire part of any and all levies, duties, taxes on Demised
Premises, land and building, charges, rates, cesses, fees, wealth-tax, penalties thereof
etc. (excluding income tax) imposed/demanded by the Central or the State Government / any
local body and/or other authorities and all increases and/or fresh impositions thereof as
applicable and attributable to the said Plot / said Building / Demised Premises on and
from the date the Lease Commencement Date specified in Annexure II to this Lease Deed.
	 
	 	 	 	THE LESSEE shall also be liable to fulfill any and all procedural requirements as may be
prescribed by the Central or the State Government/any local body/all other authorities in
connection with the subject matter hereof.
	 
	 	4.	 	In the event, any such fresh imposition and/or increase as stated above in Clause 3
hereof is levied retrospectively, the liability of THE LESSEE shall relate only to the
period on and from the Lease Commencement Date. The said amount shall be paid separately by
THE LESSEE to THE LESSOR as indicated below in terms of this Lease Deed. All such fresh
impositions and/or increases as above stated shall be paid by THE LESSEE to THE LESSOR
within fifteen (15) days of written demand by THE LESSOR to THE LESSEE, giving details
thereof duly supported with copies of the relevant documents, if any, from the Central or
State Government/local body / any and all authorities, as the case may be. In the event any
and all such levies, duties, taxes on property, charges, rates, cesses, fees, wealth-tax,
penalties etc., referred to above and/or such fresh imposition and/or increase is
payable by THE LESSEE directly to the Central or State Government/local body/any and all
authorities as the case may be, THE LESSEE shall pay the same directly immediately upon the
same becoming due. Any default made by THE LESSEE in complying with the terms of the clause
under reference and clause 3, shall be entirely at the costs and consequences of THE LESSEE
and THE LESSEE shall be liable for payment/s of penalties, outstanding dues arising
therefrom.

8

 

	 	5.	 	Power/ Electricity, Power back-up and Maintenance Charges:
	 
	 	 	 	THE LESSEE shall pay by due date the bills for consumption of power/ electricity in the
Demised Premises as recorded in the meters or as demanded by THE LESSOR or its nominees or
assigns supported by all the relevant documents. The power/electricity for the Demised
Premises during interior works/lease tenure shall be supplied from Grid/Utility Companies.
However, in case of non availability of power/ electricity from grid/utility companies, THE
LESSOR shall provide THE LESSEE with back up power from their diesel/gas based generators.
The charges for such power/ electricity and back-up power will be as per Annexure X (a).
	 
	 	 	 	A separate meter for recording power/ electricity consumption in the Demised Premises
shall be provided by THE LESSOR for the supply of power/ electricity from normal
grid/utility companies subject to availability of such power/ electricity. The cost of such
meter shall be borne by THE LESSEE.
	 
	 	 	 	A separate meter shall be provided by THE LESSOR for recording consumption of power in
the Demised Premises supplied through the back-up power. The cost of such meter shall be
borne by THE LESSEE.
	 
	 	 	 	Maintenance Charges: At present various maintenance services, facilities and amenities
within the said Plot / said Building/Demised Premises and civic amenities in the said
Complex where the Demised Premises/said Building are located are being maintained by THE
LESSOR. Maintenance services are as set out in Annexure - VI to this Lease Deed, charges
of which are payable to THE LESSOR or nominees / assigns of THE LESSOR by THE LESSEE as per
bills raised by THE LESSOR or its nominees/assigns.
	 
	 	 	 	The maintenance charges for office hours / 24*7 operations shall be calculated at 1.2 times
the actual expenditure being incurred payable from the Lease Commencement Date. The
maintenance charges will be as per Annexure X (b).
	 
	 	 	 	Maintenance services on National Holidays can only be provided if THE LESSEE gets the
requisite approval for their operations in Demised premises from the local administration/
competent authority(ies) and not otherwise.
	 
	 	 	 	The maintenance charges shall be subject to deduction of Income Tax at source as applicable,
from time to time. Additional charges towards Service Tax (es) and other taxes as applicable
on maintenance charges, shall also be payable by THE LESSEE.
	 
	 	 	 	On completion of the financial year, THE LESSOR/its nominees will provide THE LESSEE
audited statement of expenditure towards Maintenance Charges incurred during
the said financial year. Any under-recovery by THE LESSOR/its nominees shall become
payable by THE LESSEE to the LESSOR /its nominees and any over-recovery by THE LESSOR/its
nominees shall become refundable by LESSOR/its nominees to THE LESSEE.

9

 

	 	6.	 	THE LESSEE agrees that, in consideration of THE LESSOR granting lease and THE LESSEE in
consideration of taking on lease the Demised Premises and due performance of all its
obligations stipulated in this Lease Deed, THE LESSEE shall always maintain with THE LESSOR
during the entire term of this Lease Deed, an Interest Free Refundable Security Deposit
(“Interest Free Refundable Security Deposit”) for an amount as mentioned in Annexure - II.
	 
	 	7.	 	From the security deposits already paid by THE LESSEE to THE LESSOR under the Lease
Deeds signed between THE LESSEE and THE LESSOR for THE LESSEE’s space take up at Building
6B and 6C, Gurgaon, THE LESSEE has already paid by way of transfer, an amount as mentioned
in Annexure II, as the Interest Free Refundable Security Deposit.
	 
	 	8.	 	The entire amount paid by THE LESSEE, by way of transfer as mentioned in Clause 7
above, as Interest Free Refundable Security Deposit during the lease period shall be kept
by THE LESSOR which shall be refunded by THE LESSOR to THE LESSEE without any interest
simultaneously THE LESSEE surrendering peaceful, vacant and physical possession of the
Demised Premises in bare shell condition on expiry or earlier termination of this Lease
Deed, if any and subject to adjustment or deduction of arrears of rent, charges and any
other dues, if any, due and payable under this Lease Deed .
	 
	 	 	 	In case of delay by THE LESSOR in refunding the refundable security deposits, THE LESSOR
shall pay interest to THE LESSEE at the rate of 15% p.a. for the period of delay and THE
LESSEE shall be entitled to retain possession of the Demised Premises without use and
without payment of rent and other charges for such period of delay.
	 
	 	9.	 	THE LESSEE has already paid, by way of transfer as mentioned in Clause 7 above, to THE
LESSOR an amount as mentioned in Annexure - II as Interest Free Refundable Maintenance
Security Deposit. The Interest Free Maintenance Security Deposit shall be refunded to THE
LESSEE within simultaneous to THE LESSEE surrendering peaceful, vacant and physical
possession of the Demised Premises in bare shell condition and after adjustment of any
amount due from THE LESSEE on account of maintenance and other charges under this Lease
Deed and after making adjustments, deductions or reimbursement for any damages suffered by
THE LESSOR on account of any default or breach of any obligation by THE LESSEE under this
Lease Deed.
	 
	 	 	 	In case of delay by THE LESSOR in refunding the refundable security deposits, THE LESSOR
shall pay interest to THE LESSEE at the rate of 15% p.a. for the period of delay and THE
LESSEE shall be entitled to retain possession of the Demised Premises without use and
without payment of rent and other charges for such period of delay.
	 
	 	10.	 	Subject to clause 3, THE LESSEE may terminate the lease by giving three (3) months’
prior notice in writing to THE LESSOR or by payment of proportionate equivalent rent, car/
two wheeler parking space charges, signage charges (if any), maintenance charges,
taxes and all other charges / sums stipulated under this Lease Deed in lieu of the notice
period stipulated herein. Upon the expiry of three (3) months from the date of notice, as
aforesaid, the lease shall stand terminated and THE LESSEE shall be liable to pay to THE
LESSOR the entire rent, car/ two wheeler parking charges (if any), maintenance charges,
other charges, taxes etc. as set out in this Lease Deed for the period upto the date of
vacation of the Demised Premises and handing over vacant, peaceful and physical possession
of the Demised Premises.

10

 

	 	 	 	That upon the expiry of lease as mentioned in Annexure - II or upon expiry or earlier
termination during the lease period as stipulated above, this Lease Deed will expire and
come to an end and THE LESSEE shall pay to THE LESSOR for the period of occupation of the
Demised Premises till the date of vacation of the Demised Premises, the entire rent, car/
two wheeler parking space charges, maintenance charges, other charges, taxes etc. as set out
in this Lease Deed and till handing over vacant, peaceful and physical possession of the
Demised Premises. If THE LESSEE fails to pay as aforesaid and hand over vacant, peaceful and
physical possession of the Demised Premises on the date of expiry of the last day of lease
as contained in this paragraph or termination by THE LESSOR for breach of terms and
conditions contained in the Lease Deed, THE LESSEE agrees to pay to THE LESSOR additional
rent calculated @ Rs.2,75,562.30/- (Rupees Two Lakhs Seventy Five Thousand Five Hundred
Sixty Two and Paise Thirty only) per day for occupation of the Demised Premises by THE
LESSEE along with normal lease rentals and in such an event THE LESSEE hereby authorizes THE
LESSOR to withhold without any interest the refund of all the refundable security deposits
lying with THE LESSOR. THE LESSEE confirms that the payment of such additional rent is fair
and reasonable and undertakes not to call in question the same. THE LESSEE further agrees
and authorizes THE LESSOR, in the event of such occupation of the Demised Premises exceeding
a period of three (3) months beyond the expiry or last day of earlier termination of the
lease, to forfeit all the refundable security deposits lying with THE LESSOR and in addition
to continue to be liable and pay additional rent as given above in this para per day for the
number of days of such occupation beyond the expiry or earlier termination of the Lease Deed
along with normal lease rentals till all payments due under the Lease Deed and in this
clause are paid and THE LESSEE hands over peaceful, vacant and physical possession of the
Demised Premises to THE LESSOR.
	 
	 	 	 	The above shall be without prejudice to the rights and remedies available to THE LESSOR
under this Lease Deed and/ or under any law for the time being in force.
	 
	 	11.	 	THE LESSEE shall pay every month in advance, along with the rent, proportionate charges
for the operation / maintenance / service charges (more specifically detailed in Annexure
-VI) in respect of the central air-conditioning / heating plant, the cost of running,
maintenance and servicing of the service / utility lifts, generators, the cost of cleaning
the said Plot and said Building , maintenance of lawn/grounds/ cost of security services,
electricity charges, water charges and such other necessary/ancillary expenses of and
incidental to the preservation and maintenance of the said Building / Plot in which the
Demised Premises is located and for the adequate provision of common services and
facilities at a charge which shall be 1.2 times the actual expenditure on a calculation
based on pro rata basis corresponding to the super built-up area of the Demised Premises.

11

 

	 	12.	 	Subject to all local laws applicable, THE LESSOR shall, through its architect identify
the location(s) and provide space for signage at the atrium/ floor occupied by THE LESSEE,
as approved by the architect free of any rental/ charges. THE LESSOR and THE LESSEE shall
agree the space for signage mutually in writing and THE LESSEE will be allowed to put
signage on such location. All taxes including service tax, duties, rates, cesses, costs
and charges relating to the signages payable to the authorities concerned shall be borne
and paid by THE LESSEE directly.

	 	 	 	FAÇADE SIGNAGE
	 
	 	 	 	THE LESSOR shall, through its architect identify the location for THE LESSEE to put up its
signage at THE LESSEE’s cost on the external façade of the building as and when requested by
THE LESSEE at an annual charge of Rs.5 Lakhs per signage for up to 3 (Three) signages
payable in advance, subject to availability at the time of exercising this option. This
above façade signage charge is applicable for one façade signage (one block). The Façade
signage space shall be mutually agreed between THE LESSOR and THE LESSEE in writing. The
annual charges, as per Annexure II, will be payable from the Lease Commencement date or the
date on which THE LESSEE takes up Façade Signage. These charges are on yearly basis and no
refund/ adjustment will be made, if any Lease expires earlier or lease is terminated before
the completion of the year for which the payment is made in advance. All taxes including
service tax, duties, rates, cesses, costs and charges relating to the signage, payable to
the authorities concerned shall be borne and paid by THE LESSEE directly. No signage of any
kind either inside or outside shall be allowed on the façade glass/ columns of the Demised
Premises.
	 
	 	 	 	THE LESSOR reserves the Building Naming rights inside and on the external façade of the said
Building. The façade of the said Building shall also be used by other Lessees for displaying
their name and advertisements as per THE LESSOR’s approval. THE LESSEE shall, at no point of
time, raise any objection on any ground whatsoever in relation to the same.
	 
	 	 	 	Upon naming the said Building, THE LESSOR and other Lessees of the said Building, shall use
such Building name in the business addresses for all purposes. THE LESSEE shall further
raise no objection if THE LESSOR is made to display some other number or name on the said
Building or in compliance of any court order, government order, order of the local body etc.
	 
	 	13.	 	THE LESSEE shall not pay any deposit for bulk supply of electricity for power load of
0.006 KVA per sq.ft, as mentioned in Annexure -II. THE LESSEE agrees to reimburse to THE
LESSOR or any authorized company /nominees / assigns of THE LESSOR, any costs, charges,
deposits, etc. as may be demanded by THE LESSOR or any authorized company/nominees /
assigns of THE LESSOR or any other agency supplying power to the Demised Premises from time
to time during the term of the Lease Deed for arranging bulk electricity supply to the said
Plot / said Building / Demised Premises and such deposits are to be payable on the basis of
proportionate electricity load provided to the Demised Premises and proportionate load
attributable to THE LESSEE in respect of common areas of the said Plot / said Building. Any
deposit to be refunded shall be refunded by THE LESSOR to THE LESSEE after adjusting
amounts, if any, due and payable by THE LESSEE to THE LESSOR on the expiry and / or earlier termination of this Lease Deed and on
handing over the peaceful physical and vacant possession of the Demised Premises by THE
LESSEE to THE LESSOR.

12

 

	 	14.	 	The specifications and information as to the materials used in construction of the
Demised Premises are set out in Annexure - VIII and any change in the specifications as set
out in Annexure - VIII, if desired by THE LESSEE, shall be implemented by THE LESSOR
subject to feasibility and approvals at a rate which shall be 1.2 times the actual cost
which shall be paid by THE LESSEE to THE LESSOR.
	 
	 	 	 	The terms and conditions quoted above are for bare shell condition of the Demised Premises.
	 
	 	 	 	In case the Demised Premises is not contiguous with the AHU due to which the ducting is
required to pass through any other occupants’ premises on the same floor, then THE LESSEE
will provide FCU/AHU for the Demised Premises and will also bring chilled water piping upto
the Demised Premises.
	 
	 	 	 	The necessary electrical connection for the FCU/AHU to be done by THE LESSEE and connected
to THE LESSOR’s panel by doing the necessary modifications. Also, the cost of chilled water
piping/any electrical/plumbing/fire fighting modification shall be borne by THE LESSEE.
	 
	 	 	 	HVAC plenum and lowside ducting needs to be done by THE LESSEE at its own cost. In case, all
occupants of the floor have closed their false ceiling and no duct is left for future
clients, THE LESSEE occupying at later stage will have to install their own FCU and make the
necessary connections to chilled water lines. THE LESSEE is required to share the cost of
HVAC plenum/ ducting provisioning by the other client’s for them.
	 
	 	 	 	Any dismantling of false ceiling of common areas for services provisioning by THE LESSEE is
to be made good (as per THE LESSOR’s specifications) by THE LESSEE at their own cost.
	 
	 	 	 	Sprinkler tap - off: THE LESSEE has to take tap - off for down type Sprinklers with
installation of valves under supervision of Building services.
	 
	 	15.	 	THE LESSOR has provided to THE LESSEE car/ two wheeler parking spaces in the
basement/surface/mechanical car parking/two wheeler spaces as earmarked in Annexure - VII
subject to payment of rent and maintenance charges as per details mentioned in Annexure
- II. In the event additional car /two wheeler parking spaces are required by THE LESSEE,
THE LESSEE shall pay to THE LESSOR additional car /two wheeler parking space charges as may
be mutually agreed between the Parties hereto for every additional car parking/two wheeler
parking space provided by THE LESSOR, if available, on the same terms and conditions
applicable to rent, interest free refundable security deposit, maintenance charges
stipulated in this Lease Deed.
	 
	 	 	 	In the event of THE LESSOR providing electro mechanical system for car /two wheeler parking
spaces, the car/two wheeler parking spaces as earmarked in Annexure -VII may be
re-allocated, provided, however, the number of car/two wheeler parking spaces shall remain
the same in terms of this Lease Deed.
	 
	 	 	 	The liability towards payment of Service Tax and other taxes as applicable shall be borne by
THE LESSEE.

13

 

	 	16.	 	The use of car /two wheeler parking spaces in the basement(s)/surface/mechanical car/two
wheeler parking spaces in the said Building shall be allowed to THE LESSEE on 24*7 hours
basis. The above timings shall, however, be subject to such restrictions as may be imposed by
any statutory authority or for security reason. THE LESSEE shall use the parking spaces only
for the purposes of parking its cars and for no other use. THE LESSEE undertakes that it
shall not make any constructions on the car /two wheeler parking spaces or create obstruction
of any kind on it or around these spaces to hinder the movement of vehicles and persons.
	 
	 	17.	 	All costs, charges, expenses including penalties, payable on or in respect of execution and
registration of this Lease Deed and on all other instruments and deeds to be executed
pursuant to this Lease Deed, shall be borne and paid solely by THE LESSEE who shall be
responsible for compliance of the provisions of Indian Stamp Act, 1899. The stamp duty and
registration charges shall be paid by THE LESSEE to THE LESSOR at the time of signing of the
Lease Deed.
	 
	 	18.	 	To be liable to pay interest @ 15% per annum on all amounts due and payable by THE LESSEE
under this Lease Deed for the period of delay beyond the due date. This is in addition to
the rights of THE LESSOR under clause 10 and Clause 55 of this Annexure-I given herein.
	 
	 	19.	 	To pay all amounts agreed to be paid in the Lease Deed, provided, however, that the
liability of THE LESSEE for such payments shall be calculated proportionately to the super
built-up area of the Demised Premises and provided further that such liability shall
commence from the date such revision / imposition/increase is effective or any subsequent
date.

COVENANTS AND CONDITIONS TO BE OBSERVED AND PERFORMED BY THE LESSEE:

	 	20.	 	THE LESSEE shall plan and distribute its electrical loads in conformity with the
electrical systems installed by THE LESSOR and get these works executed after due approval
in writing from THE LESSOR. Provided further that, should modifications, additions,
alterations be required in the fire-fighting, electrical and other systems already
installed, THE LESSOR shall, if feasible make such changes and be entitled to recover from
THE LESSEE, all additional cost incurred on this account at a charge which shall be 1.2
times of actual costs.

14

 

	 	21.	 	To carry out day-to-day maintenance of the Demised Premises and the fixtures and
fittings installed therein and the normal maintenance, minor repairs, including painting
and distempering and polishing the interiors of the Demised Premises at its own cost.
	 
	 	22.	 	That if THE LESSEE fails to make full payments of rent, car/ two wheeler parking
charges, façade signage charges (if any), Maintenance Charges of any kind and actual
consumption charges of water (if any), power and electricity, air-conditioning (if any) or
discharge any rates, taxes, duties imposed upon the Demised Premises and payable by THE
LESSEE in terms of this Lease within 7 days of its due date, THE LESSOR shall be entitled,
in its sole discretion and by giving prior notice of 7 days, to stop supplying to THE
LESSEE electricity / air conditioning/ water and / or all other services in addition to any
other remedies/ actions THE LESSOR may take in its sole discretion. By doing so, THE LESSOR
shall have no responsibility or liability for any loss and damage, if any, suffered by THE
LESSEE and THE LESSEE shall not be entitled to lodge any claim whatsoever against THE
LESSOR as a result of such action.
	 
	 	23.	 	That the common areas, facilities and amenities within the said Building shall be
available for use only subject to the timely payment of maintenance charges and THE LESSEE
agrees, that in the event of failure to pay maintenance charges on or before the due date,
THE LESSEE shall not have the right to use or demand such common areas, facilities and
amenities. THE LESSEE shall have no ownership rights, title, interest or claim whatsoever
in the said Plot, common areas, facilities and amenities within the said Building.
	 
	 	24.	 	Not to do or permit to be done any act or thing which may render void or voidable any
insurance relating to or in respect of a part or the whole of the said Plot, the said
Building or the Demised Premises, or cause any increase in premium payable in respect
thereof.
	 
	 	25.	 	To permit THE LESSOR and its agents at all hours to enter into the Demised Premises for
the purpose of inspection or for any other purposes connected with or incidental to any
maintenance issues such as fire, safety and security of the Demised Premises and the said
Building including any emergency and/or unforeseen circumstances or in case of any
inspection by any Government agency or any inspection by THE LESSOR with the directions of
Government Agency. However, for periodic inspections, 2 days advance intimation will be
given in writing to THE LESSEE, except in case of emergency (ies).
	 
	 	 	 	To hand over the Demised Premises in bare shell condition together with THE LESSOR’s
fixtures and fittings therein, in good order and condition (reasonable wear and tear
excepted) on the expiry /earlier termination of the Lease, which ever is earlier.
	 
	 	26.	 	To use the Demised Premises as per zoning plan only and shall not carry on or permit
to be carried on in the Demised Premises or in any part thereof any activities which shall
be or are likely to be unlawful, obnoxious or of nuisance, annoyance or disturbance to
other tenants/occupants of the said Building wherein the Demised Premises are situated or
store any goods of hazardous or combustible nature or which are heavy so as to affect the
construction or the structure of the said Building or any part thereof or in any manner
interfere for common use.

15

 

	 	27.	 	THE LESSEE shall get the Unit Approvals for the Demised Premises before handover of the
Demised Premises for interior fit-out works.
	 
	 	 	 	THE LESSEE shall arrange to get their Unit Approvals for the Demised Premises terminated and
complete all formalities with regards to such termination at its cost and expenses prior to
the expiry of the Lease term / or renewal term thereof.
	 
	 	 	 	In case of THE LESSEE’s failure to get the unit approvals terminated within the aforesaid
period, it will be assumed that the peaceful, vacant and physical possession of the Demised
Premises have not been handed over by THE LESSEE to THE LESSOR on the expiry of the Lease
Term and THE LESSOR shall be entitled to claim damages, payments, dues in accordance with
the terms of the Lease Deed.
	 
	 	28.	 	The Demised Premises shall be used by THE LESSEE only and THE LESSEE shall not assign,
transfer, mortgage, sublease or grant leave & license or transfer or part with or share
possession in any manner whatsoever, of any portion of the Demised Premises.
	 
	 	 	 	In the event, THE LESSEE merges (except internal merger among group companies) / amalgamates
/ consolidates and transfer its assets with/to any entity on account of any
merger/amalgamation/consolidation, then a fresh Lease Deed shall be executed between THE
LESSOR and the new entity/ transferee, subject to the new entity/ transferee obtaining prior
SEZ approval. The new entity shall execute an undertaking as per the draft attached as per
the Annexure XI. In case of any outstanding dues payable by THE LESSEE to THE LESSOR as per
Lease Deed, such outstanding amounts should be included in the petition to the appropriate
court seeking permission for such merger/amalgamation/consolidation. THE LESSEE shall ensure
that before approval of the scheme of merger/ amalgamation by the court having jurisdiction,
the new entity executes an undertaking as per the format attached as the Annexure XI.
Pending approval of any merger/ amalgamation/ consolidation, THE LESSEE will continue to
make all payments payable as per the Lease Deed
	 
	 	 	 	All costs, charges, expenses including penalties, payable on or in respect of execution and
registration of the fresh Lease Deed and on all other instruments and deeds to be executed
pursuant to the fresh Lease Deed, shall be borne and paid solely by new entity/transferee
who shall be responsible for compliance of the provisions of Indian Stamp Act, 1899.
	 
	 	 	 	However, a fresh Lease Deed will not be executed by THE LESSOR till all dues are cleared and
related documents are given to THE LESSOR.
	 
	 	 	 	The aforesaid will be subject to SEZ act and rules but within the above procedure.
	 
	 	29.	 	Subject to clause 42, THE LESSEE shall not make any structural changes, additions or
alterations in the Demised Premises without prior consent of THE LESSOR in writing.
	 
	 	30.	 	Upon its taking possession of the Demised Premises from THE LESSOR, THE LESSEE is
satisfied that the construction work as also various installations like electrification
work, sanitary fittings, water, sewerage connections, fire fighting equipment and detection
systems etc. are in good working condition and any issues, if any with respect thereto,
have been resolved and rectified before its taking possession from THE LESSOR and that it
shall not require THE LESSOR to perform any construction work, installations, etc in the
Demised Premises (except structural repairs if any) and there shall be no obligation
whatsoever on the part of THE LESSOR to repair, renovate, improvise or to do anything
concerning the Demised Premises, the said Building and the said Plot in any manner
whatsoever.

16

 

	 	31.	 	THE LESSOR has provided the fire fighting and fire detection system in accordance with
the Amendment no.3 to the National Building Code of 1983 (SP7):1983 Part IV on each floor,
common areas and basements of the building.
	 
	 	 	 	When the Demised Premises is handed over to THE LESSEE for the interior fit-out works or
when THE LESSEE carries any additional interior works/modifications/alterations during the
Lease period or renewed lease period, THE LESSEE agrees that it shall carry out such
work(s), without altering/ tampering with the fire fighting systems as installed therein.
However, any modifications / additions / alterations to the existing fire fighting system
shall be made by THE LESSEE with the prior written approval of THE LESSOR and by providing
alternative and standby fire fighting system in the building.
	 
	 	 	 	THE LESSEE shall not, whether in the course of its interior fit-out works or as any thing
ancillary thereto or at any time for any purpose whatsoever, execute or permit to be
executed any works involving cutting/ chopping/ digging/ hacking/ dismantling in any manner
or form/ destroying in any manner or form of the floors or walls of the Demised Premises
without prior written permission of THE LESSOR.
	 
	 	 	 	Any lapse/violation/negligence on the part of THE LESSEE or its contractors / agents during
any such interior works or additions/modifications/alterations resulting in any kind of
hazard or fire in the Demised Premises/ the said Building, loss of life/ property including
third party, damage to the Demised Premises / said building structure etc. and all financial
and legal consequences arising there from shall be the sole responsibility of THE LESSEE and
THE LESSEE shall not impose any legal and financial liability on THE LESSOR.
	 
	 	 	 	THE LESSEE’S responsibility during additional interior fitouts work,
additions/modifications/alterations of interior works (referred hereinafter as interior
works) and during the Lease Tenure and during operations is more detailed in ANNEXURE IX to
this Lease Deed.
	 
	 	33.	 	THE LESSEE hereby represents to THE LESSOR that it is the owner of and has full right,
title and interest in and to all trade names, trademarks, service marks, brand name(s),
logos, symbols and other proprietary marks etc. (collectively ‘IPR’) and that any IPR if
used by it in Demised Premises and in the said Building/ Complex would not infringe the IPR
of any third party. THE LESSEE further covenants that it has not received any notice of any
claim against it involving any conflict or claim of conflicts.
	 
	 	 	 	THE LESSEE covenants to THE LESSOR and undertakes to hold THE LESSOR harmless from any
action brought about by any third party for any IPR infringement by THE LESSEE. THE LESSEE
further undertakes that it shall defend any and all such acts, suits, proceedings, claims,
judgments etc against THE LESSOR and any fees, costs, expenses of any kind related or
incidental to any of the foregoing (including but not limited to) any fee (whether
advocates, accountants or other professionals) costs and expenses of any kind
incurred by THE LESSOR in preparing for, defending or taking any action with respect to the
foregoing shall be borne by THE LESSEE, which THE LESSEE agrees to pay within fifteen (15)
days of demand by THE LESSOR.

17

 

	 	34.	 	That THE LESSEE hereby agrees to comply with all the Laws, Rules, Regulations as may be
applicable to the Demised Premises and as applicable to THE LESSEE’s operations, including
but not limited to the provisions of Environment (Protection) Act, 1986, Water (Prevention
and Control of Pollution) Act, 1974, Air (Prevention and Control of Pollution) Act, 1981,
Municipal Solid Wastes (Management and Handling) Rules, 2000, Hazardous Wastes (Management
and Handling) Rules, 1989 and Batteries (Management and Handling) Rules, 2001, Sales Tax,
Service Tax and other applicable taxes and the Rules, Notifications etc. and their
amendments made from time to time, and ascertain, in particular, compliance with the
Central and State regulations concerning safe handling, storage, treatment and disposal of
the wastes, and THE LESSEE shall always remain solely responsible for the consequences of
non-compliance of the aforesaid Acts/ Rules. THE LESSOR will endeavour to give necessary
assistance and all support to THE LESSEE for the compliance of these laws. However the laws
applicable to THE LESSOR for the provision of the services in the building shall be
complied by THE LESSOR.
	 
	 	35.	 	That THE LESSEE further agrees and as applicable to THE LESSEE operations, to install
and operate and keep at all times in operational condition, various equipments, machinery
etc. at its own cost and expenses in conformity with the provisions of Environment
(Protection) Act, 1986, Water (Prevention and Control of Pollution) Act, 1974, Air
(Prevention and Control of Pollution) Act, 1981, , Municipal Solid Wastes (Management and
Handling) Rules, 2000, Hazardous Wastes (Management and Handling) Rules, 1989 and Batteries
(Management and Handling) Rules, 2001 etc in the Demised Premises and it shall always
remain solely responsible to obtain and always keep valid and make available necessary
certificates from the Pollution Control Board and/or other appropriate authorities in this
regard. THE LESSOR will endeavour to give necessary assistance and all support to THE
LESSEE for the compliance of these laws. However the laws applicable to THE LESSOR for the
provision of the services in the building shall be complied with by THE LESSOR.

COVENANTS AND CONDITIONS TO BE OBSERVED AND PERFORMED BY THE LESSOR:

	 	36.	 	During the term of the Lease Deed, THE LESSOR shall at its own cost, design and install
a continuous and proper air conditioning and shall use its best efforts to maintain the
same in good order and shall operate and run the same to ensure air-conditioning facilities
to the Demised Premises throughout the year and shall be entitled to recover from THE
LESSEE, charges on the basis as are stipulated in this Lease Deed. Provided, however, that
should THE LESSEE require any changes, additions, alterations, in the system, due to its
interior layouts, THE LESSOR may, if possible, make such changes and be entitled to recover
from THE LESSEE, all additional costs incurred on this account at a rate which shall be1.2
times of the actual costs incurred.

18

 

	 	37.	 	Except in the event of a mechanical defect and / or electrical failure, THE LESSOR
shall provide air-conditioning facilities to the Demised Premises during the office hours
for 24*7 operations except on National Holidays. These timings shall, however, be subject to such
restrictions as may be imposed by any competent authority/ies in this behalf. Provided,
however, that on receiving twenty four (24) hours’ notice, in writing, should THE LESSEE so
desire, THE LESSOR, if possible and permissible, may at the exclusive cost of THE LESSEE,
provide air-conditioning facilities on National Holidays at a rate as mentioned in Annexure
X(b) of this Lease Deed.
	 
	 	38.	 	Except to the extent of a mechanical defect and /or electrical failure, THE LESSOR
shall maintain the lifts in the said Building serving the Demised Premises and operate and
run the same during the office hours for 24*7 operation as specified above, on all week
days except on National Holidays. These timings shall, however, be subject to such
restrictions as may be imposed by any competent authority/ies in this behalf. One of the
lifts in the said Building shall, however, operate even on National Holidays.
	 
	 	39.	 	To carry out at its own cost, all major and structural repairs to the Demised Premises
and also to the said Building.
	 
	 	40.	 	To supply and maintain regular supply of power/ electricity and water to the Demised
Premises.
	 
	 	41.	 	To keep the Demised Premises in wind and watertight condition.
	 
	 	42.	 	To permit to carry out at the cost of THE LESSEE, but without in any way damaging the
main structure of the Demised Premises or the said Building, erection of internal
partitions and other internal alterations and additions which are not visible from outside,
as may be necessary for the business of THE LESSEE provided THE LESSEE shall give prior
written intimation of thirty (30) days to THE LESSOR in writing and with prior written
approval of THE LESSOR’s architect, THE LESSEE shall commence such alteration(s) or
addition(s), provided, further that if any such additions or alterations, require the prior
approval or permission of any Municipality or any other local body or authority, local or
otherwise, or are governed by any rules or regulations. THE LESSEE shall not carry out such
additions or alterations or erections without obtaining the prior permission or approval
aforesaid and complying with such rules and regulations of such Municipal or local body or
Government Authority. Provided further, that THE LESSEE shall upon vacating the Demised
Premises remove such fixtures and fittings and restore the Demised Premises to THE LESSOR
in its original condition, excepting reasonable wear and tear.
	 
	 	43.	 	To allow during the term of the Lease Deed, peaceful enjoyment of the Demised Premises,
subject to THE LESSEE performing all its obligations under this Lease Deed.

COVENANTS AND CONDITIONS TO BE OBSERVED AND PERFORMED BY THE PARTIES:

	 	44.	 	The super built - up area calculations are as provided in Annexure - IV hereto. All
payments by THE LESSEE towards rent, interest free security deposit, interest free maintenance
security deposit, maintenance and other charges etc. shall be payable by THE LESSEE in terms
of the final super built-up area.

19

 

	 	45.	 	In the event any local body / authority takes over the maintenance of such services and
facilities / amenities and the payment for such services and facilities / amenities of said
Complex (more particularly set out in Annexure - VI) to the local body / authority is to be
made by THE LESSOR, then THE LESSEE agrees to reimburse all such costs and charges as may be
levied in respect of the Demised Premises to THE LESSOR as may be demanded by THE LESSOR duly
supported by relevant documents.
	 
	 	46.	 	THE LESSOR has provided electrical wiring only up to the main distribution board on each
floor in the said Building and shall not provide any electric wiring, fixtures and fans etc.,
inside the office spaces which shall be installed by THE LESSEE at its own cost. Similarly
air conditioning is provided by THE LESSOR up to air handling unit on each floor of the said
Building. The internal distribution system of air conditioning in the Demised Premises shall
be the sole responsibility of THE LESSEE.
	 
	 	47.	 	The fire fighting and fire detection system which is provided by THE LESSOR in accordance
with Amendment no.3 to the National Building Code of 1983 (SP7):1983 Part IV is limited to
installation of sprinklers and fire detection system in the basement(s) and common areas of
the said Building such as lobbies, staircases corridors, etc. and service shaft for fire
fighting and sprinkler services on each floor.
	 
	 	 	 	If, however, due to any subsequent legislation, Government orders, directives or guidelines
or due to any change in the National Building Code, additional fire safety measures are
undertaken, then THE LESSEE agrees to pay on demand additional expenditure incurred thereon
for installing additional fire safety measures as determined by THE LESSOR and duly
supported by relevant documents which shall be final and binding on THE LESSEE. THE LESSEE
agrees that, in case THE LESSEE so desires, it shall at its own cost and responsibility
install fire fighting equipment and systems within the Demised Premises which shall be in
compliance with the fire fighting regulations and safety systems as prevalent and approved
by the Competent Authorities.
	 
	 	 	 	However, it is made clear that any lapse on the part of THE LESSEE in installing safe and
adequate fire fighting systems within the Demised Premises or any fire, electrical or
otherwise, or any kind of hazard originating from the Demised Premises shall not impose any
legal and financial liability on THE LESSOR and THE LESSEE agrees to keep THE LESSOR
indemnified and harmless in this regard. Similarly THE LESSEE shall ensure that the
internal air-conditioning electrical systems and any other work done internally within the
Demised Premises shall not pose any fire, electrical, structural, pollution and health
hazards. THE LESSEE shall be solely responsible for all legal and financial consequences
arising there from and THE LESSEE agrees to keep THE LESSOR indemnified and harmless in this
regard.
	 
	 	48.	 	If THE LESSEE requires any extra fire fighting systems to be installed in the Demised
Premises, including but not limited to extending fire fighting system in the Demised
Premises, then the same shall be installed by THE LESSOR at a cost which shall be 1.2 times
the actual costs, to be payable by THE LESSEE to THE LESSOR.

20

 

	 	49.	 	In the event THE LESSOR suggests additional fire safety measures, though not statutorily
required, for installation by THE LESSEE within the Demised Premises
and THE LESSEE fails to implement THE LESSOR’s suggestion either fully or in part, then THE LESSEE alone
shall be liable and responsible for all consequences arising from such inaction/decision on
its part.
	 
	 	50.	 	It is abundantly made clear to THE LESSEE that the cost incurred by THE LESSEE, during the
lease period, to install fire fighting and fire detection systems within the Demised
Premises, shall be to its account solely and shall not be borne or refunded by THE LESSOR or
deducted from the rent payable to THE LESSOR under any circumstances whatsoever.
	 
	 	51.	 	During the term of the Lease Deed and renewed lease deed if any, THE LESSOR shall
obtain fire and special peril insurance coverage of the entire said Building, including
third-party liability and shall make timely payment of all insurance premiums.
	 
	 	52.	 	During the term of the Lease Deed and renewed lease deed if any, THE LESSEE shall
obtain comprehensive insurance coverage, including third-party coverage, of all interior
works while carrying out interiors or thereafter from the time of takeover of possession
for interior fit-outs and lease term(s), renovations, furniture, equipment and/or other
items kept or stored in the Demised Premises, and shall make timely payments of all
insurance premia. THE LESSOR shall in no way be responsible for any loss occasioned by THE
LESSEE on account of not obtaining comprehensive insurance coverage of all renovations,
furniture, equipment and/or other items kept or stored in the Demised Premises.
	 
	 	53.	 	However, it is made clear that in the event of an accident or fire or damages for any
other reason resulting in any loss, financial or otherwise to either party or to third
parties, both Parties agree to take up the matter with their respective Insurance Companies
through the insurance cover including third party liability.
	 
	 	54.	 	That if at any time during the occupation by THE LESSEE of the Demised Premises, the
lifts or the air conditioning system fails to function or fails to maintain the required
temperature levels, THE LESSEE will be entitled to call upon and require THE LESSOR to
remedy and rectify the system within a reasonable time. Provided, however, that THE LESSOR
will ensure that there will not be total absence of lifts and air-conditioning for more
than one day at a time.
	 
	 	55.	 	THE LESSOR may forthwith re-enter upon the Demised Premises or upon any part thereof or
may terminate this Lease and this Lease Deed shall thereupon stand determined but without
prejudice to any claim which THE LESSOR may have against THE LESSEE in respect of any
breach, non - performance or non - observance of the covenants or conditions herein
contained in the following events:

	 	a)	 	If any amount payable by THE LESSEE to THE LESSOR by way of rent and other
sums/ charges payable which are undisputed under this Lease Deed shall be in arrears
and unpaid for a period of thirty (30) days after the same has become due and THE
LESSEE fails to clear the payments within 10 Days of written notice therefor from THE
LESSOR.
	 
	 	b)	 	If THE LESSEE shall omit to perform, observe any covenant or condition to be
observed and performed on the part of THE LESSEE and shall continue to do so or
fails to remedy the breach within thirty (30) days of such breach or THE LESSEE is
adjudicated as insolvent

21

 

	 	 	 	It is further agreed by THE LESSEE that THE LESSOR shall be entitled to adjust all and any
sums due to THE LESSOR including rent, car/two wheeler parking space charges, façade
signage charges, if any and maintenance charges of lease and to the extent of shortfall in
notice period, taxes, interests, damages etc., against all security deposits made by THE
LESSEE with THE LESSOR under this Lease Deed. In the event the aggregate of arrears of
rent, any other sum due and payable and the above mentioned costs exceed the amounts
deposited as security deposits with THE LESSOR, then THE LESSEE shall pay to THE LESSOR
such amounts due to THE LESSOR, over and above such sums deposited by THE LESSEE with THE
LESSOR.
	 
	 	55	 	(a).	 	That if the Demised Premises or any part thereof be destroyed or damaged by fire (not
caused by any willful act or negligence of THE LESSEE), earthquake, tempest, flood,
lightning, violence of any army or mob or enemies of the country or by any other irresistible
force so as to render the Demised Premises unfit for the purpose for which the same was
leased, THE LESSEE may, temporarily vacate the whole or such portion of the Demised Premises
as may be required to enable THE LESSOR to carry out repairs in order to restore the Demised
Premises as it was then existing at the time of THE LESSEE entering into the Demised
Premises (reasonable wear and tear excepted) and in such event, the payment of rent, other
charges and maintenance/service charges till the affected area of the Demised Premises or
portion thereof are repaired and restored to the state as specified above shall abate.
	 
	 	56.	 	THE LESSEE undertakes that during the term of this Lease Deed or any renewal thereof,
it shall maintain its corporate existence and shall not dissolve or liquidate or enter into
an agreement with any party, including but not restricted to a compromise with its
creditor(s) such that its corporate existence is or may be questioned, in which event, this
Lease Deed shall automatically terminate.
	 
	 	 	 	In the event THE LESSEE has been adjudged insolvent or in the case of Company/ Firm having
been liquidated, the Lease shall stand automatically terminated and THE LESSOR shall enter
into the Demised Premises to assume the possession which shall be without prejudice to the
rights of THE LESSOR to claim/ recover its dues along with interest/ damages till the date
of termination.
	 
	 	56	 	(a).	 	THE LESSOR shall have the right to install any displays of multimedia/visual
format in the common areas like lift lobbies, atrium(s), lifts etc. of the said Building.
	 
	 	57.	 	THE LESSEE agrees and consents that it would have no objection to THE LESSOR
mortgaging or creating a third party charge on the Demised Premises subject to, however,
that the creation of such mortgage / charge of the Demised Premises shall not affect the
rights of THE LESSEE to use the Demised Premises during the lease period.

22

 

	 	58.	 	THE LESSEE agrees and consents that it would have no objection for transfer either by
way of sale, mortgage or in any other manner howsoever, of the Demised Premises and/or
the said Building, provided, the rights of THE LESSEE in the Demised Premises remain
unaffected vis-à-vis the transferee.
	 
	 	59.	 	THE LESSEE agrees and commits that THE LESSOR shall have sole and absolute right to
make additions, raise storeys or put up additional structures as may be permitted by
competent authorities and such additional structures and storeys shall be the sole property
of THE LESSOR, which THE LESSOR will be entitled to dispose of in any way it chooses
without any interference on the part of THE LESSEE by itself or with one or more of the
rest of occupants of the said Building. Further all the terraces of the said Building
including the parapet walls of the terraces shall always be the property of THE LESSOR and
THE LESSOR shall be entitled to use the same for any purpose as it may deem fit.
	 
	 	60.	 	That if during the term of the Lease Deed, the Demised Premises or any part thereof be
lawfully acquired or requisitioned by the Government or any local body or authority, local
or otherwise, THE LESSOR alone shall be entitled to any and all compensation payable and
THE LESSEE shall not raise any claim in respect thereof on THE LESSOR.
	 
	 	61.	 	That if any provision of this Lease Deed shall be determined to be void or
unenforceable under applicable law, such provisions shall be deemed amended or deleted to
the extent necessary to conform to applicable law and the remaining provisions of this
Lease Deed shall remain valid and enforceable.
	 
	 	62.	 	That THE LESSEE and THE LESSOR shall abide by the laws of the land and any and all
local enactments in respect of this Lease Deed of the Demised Premises. THE LESSOR may,
with intimation in writing to THE LESSEE, inspect the Demised Premises from time to time at
frequencies considered necessary by THE LESSOR and should there be any violations,
contraventions as are observed by THE LESSOR, THE LESSEE will ensure compliance with the
requirements as per applicable laws.
	 
	 	63.	 	Any penalties levied by the Government, State, Municipal Body etc. as a result of
non-compliance by either Party will be borne by the defaulting party in respect of the
Demised Premises.
	 
	 	64.	 	That the said Building wherein the Demised Premises are located is a strictly
no-smoking area. THE LESSEE shall ensure that no act in contravention of the provisions of
‘Prohibition of Smoking in Public Places Rules, 2008 is committed in the Demised Premises
or in the common spaces of the Building wherein the Demised Premises are located. In case
any offence under the ‘Prohibition of Smoking in Public Places Rules, 2008 is committed in
the Demised Premises of the said Building wherein the Demised Premises are located, by any
employee/visitor of THE LESSEE, THE LESSEE shall be responsible for the same and any fine
payable in respect thereof shall be paid by THE LESSEE and THE LESSOR shall not be
responsible for the same.

23

 

	 	65.	 	That any notice, letter or communication to be made, served or communicated unto THE
LESSOR under these presents shall be in writing and shall be deemed to be duly made, served
or communicated only if the notice, letter or communication is addressed to THE LESSOR at
the address given below or such other addresses as may be intimated in writing by THE
LESSOR in this behalf and sent by registered post/fax/email (given hereunder)/
speed post or delivered personally with acknowledgement. Similarly any notice, letter or
communication to THE LESSEE by THE LESSOR or other authorized representatives of THE LESSOR
shall be deemed to be made, served or communicated only if the same in writing is addressed
to the below mentioned address of THE LESSEE or to the address of the Demised Premises when
THE LESSEE has shifted to the same, by registered post/fax/email (given hereunder)/ speed
post or delivered personally with acknowledgement. The communication is to be addressed to
the following:

	 	 	 	 	 
	 
	 	For THE LESSOR
	 	For THE LESSEE
	 	 	 	 	 
	 
	 	Head — Marketing (South & West)

10th Floor, DLF Gateway Tower,

‘R’ Block, DLF City Ph - III,

Gurgaon — 122002

Phone 91-124- 4057410

Fax 91-124-4057414

E Mail: lease-chennai@dlf.in
	 	Mr. Milind Ghule

Senior Vice President

Gate 4, Godrej & Boyce Complex,

Pirojshanagar, Vikhroli (W)

Mumbai 400 079

Phone: 022- 4095 2100

Fax: 022 - 2518 8308

E mail: milind.ghule@wns.com

This Annexure forms an integral part of the Lease Deed.

	 	 	 	 
	For and on behalf of 

DLF Assets Private Ltd.
	 	For and on behalf of

     WNS Global Services Private Ltd.	 
	 	 	 	 
	(A.C. Sachdev) 

AUTHORIZED SIGNATORY
	 	(Ronald DMello)

AUTHORIZED SIGNATORY	 

24

 

ANNEXURE II

Commercial Terms and Conditions forming integral part of Lease Deed dated                     between DLF
Assets Pvt. Ltd. and M/s WNS Global Services Private Ltd.

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	S.N	 	Item	 	Description	 	Cross
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Reference
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	(For
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	convenience
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	only)
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Reference
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Clause
	a)	 	Demised Premises	 	Location- 1/124, Shivaji Gardens, Moonlight Stop, Nandambakkam, Mount Poonamallee Road, Manapakkam, Chennai- 600 089	 	1 of Lease Deed
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	Phase
	 	Area

(sq.ft.)
	 	Area

(sq.mtrs.)
	 	Block
	 	Floor	 	 
	 

	 	 	 	Phase I
	 	50,335	 	4,676.243	 	10	 	Part of
10th	 	 
	 

	 	 	 	Phase II
	 	20,322	 	1,887.973	 	10	 	Part of
10th	 	 
	 

	 	 	 	Total Area
	 	70,657	 	6,564.216	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	(Hereinafter collectively referred to as “Demised Premises”).	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Phase I: THE LESSEE shall take an area of approx 50,335 sq. ft.
(4,676.243 sq.mtrs) on part of 10th Floor in Block 10.	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Phase II: THE LESSEE shall take an area of approx. 20,322 sq.
ft. (1,887.973 sq.mtrs) on part of 10th Floor in Block 10.	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	The Efficiency of the Area shall be approximately 80% (+/- 2%)
for an entire floor which shall be the office area, as per the
area definitions given in Annexure IV(a) and (b) to this
Lease Deed. The Parties shall mutually confirm the area and
adjust the rent in case of any deviations. The final area shall
be subject to joint measurement by both parties.	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	b)	 	Aggregate super built up area under this Lease Deed	 	6,564.216 Sq.Mtr.	 	1 of Lease Deed
	 	 	 	 	70,657 Sq.ft.

(Seventy Thousand Six Hundred
and Fifty Seven Square ft.)	 	1 of Lease Deed

25

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	S.N	 	Item	 	Description	 	Cross
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Reference
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	(For
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	convenience
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	only)
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Reference
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Clause
	c)	 	Number of car/two
wheeler parks in
basement/surface/
mechanical car
parking spaces on
payment of Rs.
500/- per car park
per month.	 	70 (Seventy)	 	4 of Lease Deed &
15 of Annexure — I
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Additional Car /two
wheeler Parking
Spaces at the rate
of Rs. 2,000/- per
car park per month,
subject to
availability, and
the charges for the
same shall commence
from the date car
parks are taken by
THE LESSEE. The
Service Tax as
applicable shall be
additional.	 	NIL	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	TOTAL	 	70 (Seventy)	 	 

26

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	S.N	 	Item	 	Description	 	Cross
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Reference
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	(For
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	convenience
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	only)
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Reference
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Clause
	d)

	 	Date of Lease
Commencement
	 	Phase
	 	Lease Commencement Date	 	 	 	2 of Lease Deed
	 

	 	 	Phase I
	 	1st April, 2011
	 
	 

	 	 	Phase II
	 	3 months & 15 days from the date of confirmation of the space take up; but
not beyond
1st April, 2012
	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	In case of delay in handover of Demised Premises for occupation
as per Annexure IX of this Lease Deed, the Lease Commencement
Date of the respective phases shall be deferred by one day for
each day of delay.	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	e)

	 	Date of Rent
Commencement
	 	Bare Shell Payment of Rent by THE LESSEE shall commence as per the following schedule:

	 	2 of Lease Deed
	 

	 	 	Phase
	 	Rent Commencement Date	 	 	 
	 

	 	 	Phase I
	 	1st April, 2011
	 
	 

	 	 	 	Phase II
	 	3 months & 15 days from the date of confirmation of the space take up; but
not beyond
1st April, 2012
	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	In case of delay in handover of Demised Premises for occupation
as per Annexure IX of this Lease Deed, the Rent Commencement Date
of the respective phases shall be deferred by one day for each
day of delay.	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	For Car /Two Wheeler Parking Rentals from the Lease Commencement Date.	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	For Façade Signage Charges from Lease Commencement Date or the date on which such façade signage has been taken up by THE LESSEE.	 	 

27

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	S.N	 	Item	 	Description	 	Cross
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Reference
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	(For
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	convenience
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	only)
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Reference
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Clause
	g)	 	Monthly Bare Shell
Rent Payable on
super built up area
for initial 36
months of the lease
from the respective
Lease Commencement
Dates	 	Rs. 39/-(Rupees Thirty Nine
only) Per Sq.Ft. Per Month
amounting to Rs.19,63,065/- for
Phase I and Rs. 7,92,558/- for
Phase II; aggregating to Rs.
27,55,623/- (Rupees Twenty Seven
Lacs Fifty Five Thousand Six
Hundred and Twenty Three only)

The Service Tax and other taxes
on monthly rents as applicable
shall be additional and shall be
borne by THE LESSEE.	 	1 of Annexure I of
Lease Deed
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	h)	 	Car parking space charges	 	70 (Seventy) Car parking spaces
will be provided in basement/
surface/ mechanical car parking
spaces on payment of Rs. 500/-
per car park per month.	 	15 of Annex — I
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	The car parking spaces allotted
to THE LESSEE shall be as
contiguous as possible, subject
to availability.	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Any additional car parks
required by THE LESSEE will be
given, subject to availability,
@ Rs.2,000/- per car park per
month and the charges for the
same shall commence from the
date car parks are taken by THE
LESSEE.	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	The Service Tax and any other
taxes on car parking charges as
applicable shall be additional
and shall be borne by THE
LESSEE.	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Upon escalation in rent, there
shall be no escalation in the
car parking charges.	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	No separate two wheeler parking
will be provided but will be
part of the car parking spaces
allotted to THE LESSEE	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	i)	 	Bulk Electricity
Supply Deposit
0.006 KVA per
sq.ft. of Power
Load.	 	NIL

Any additional power load
required by THE LESSEE shall be
provided not exceeding 3% of
0.006 KVA per sq.ft. of leased
area, subject to availability
and on payment of a
non-refundable charge of Rs.
10,000/- per KVA of power load
in addition to the refundable
deposit of Rs. 4,000/- per KVA
of power load. However, any
additional infrastructure cost
required for supply of power
from the source of power to the
electrical tap off box on the
floor shall be borne by THE
LESSEE at Cost + 20% basis. Any
additional power load
requirement beyond 3% of 0.006
KVA per sq.ft. of leased area
shall be discussed separately
between the parties.	 	13 of Annex-I
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	j)

	 	Interest Free Refundable Security Deposit (IFS) always equivalent to rent of three
(03) months at any
given point of
lease.
	 	Phase
	 	 	 	 	 	 	 	 	 	 	 	Amount (Rs.)
	 	6, 7 & 8 of Annexure I of Lease Deed
	 

	 	
	Phase I
	 	 	 	 	 	 	 	 	 	 	 	58,89,195	 
	 

	 	
	Phase II
	 	 	 	 	 	 	 	 	 	 	 	23,77,674	 
	 

	 	
	Total Amount (Rs.)
	 	 	 	 	 	 	 	 	82,66,869
	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 		 	THE LESSEE has already paid the entire amount of Interest Free
Refundable Security Deposit as
mentioned above, by way of
transfer of an equivalent amount
from the security deposits
already paid by THE LESSEE to
THE LESSOR under the Lease Deeds
signed between THE LESSEE and
THE LESSOR for THE LESSEE’s
space take up at Building 6B and
6C, Gurgaon.	 	 

28

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	S.N	 	Item	 	Description	 	Cross
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Reference
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	(For
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	convenience
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	only)
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Reference
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Clause
	k)
	 	Interest Free Refundable Maintenance Security Deposit (IFMS) @ Rs 25/-
per sq.ft. per
month for a period
of 3 months for
office hours i.e.
24*7 operations,
except on National
Holidays	 	Phase
	 	 	 	 	 	 	 	 	 	 	 	Amount (Rs.)
	 	9 of Annexure I of Lease Deed
	 

	 	 	Phase I
	 	 	 	 	 	 	 	 	 	 	 	34,73,115	 
	 

	 	 	Phase II
	 	 	 	 	 	 	 	 	 	 	 	14,02,218	 
	 

	 	
	Total Amount (Rs.)
	 	 	 	 	 	 	 	 	 	 	 	48,75,333
	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Maintenance
services on
National Holidays
can only be
provided if THE
LESSEE gets the
requisite approvals
from the local
administration /
competent
authority(ies) and
not otherwise.
	 	THE LESSEE has already paid the entire amount of Interest Free
Refundable Maintenance Security
Deposit as mentioned above, by
way of transfer of an equivalent
amount from the security
deposits already paid by THE
LESSEE to THE LESSOR under the
Lease Deeds signed between THE
LESSEE and THE LESSOR for THE
LESSEE’s space take up at
Building 6B and 6C, Gurgaon.	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	The above rates are
estimations as on
1st
April 2009 and will
depend on the
relevant rates of
petroleum products,
taxes, electricity
rates, wages &
salaries during the
Lease Tenure/Renewed
Lease
Tenure. All
maintenance charges
are at cost + 20%
as given in Clause
5 Annexure I.	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	o)	 	Façade signage

charges	 	Rs. 5,00,000/- (Rupees Five Lacs
only) per signage per annum to
be paid in advance for upto
three (3) signages.	 	Clause 12 of
Annexure I of Lease
Deed

29

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	S.N	 	Item	 	Description	 	Cross
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Reference
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	(For
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	convenience
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	only)
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Reference
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Clause
	o)	 	Notice period for
termination of
Lease Deed	 	03 Months	 	3 of Lease Deed
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	p)	 	Place at which the
rent and all other
sums payable by THE
LESSEE to THE
LESSOR by Cheques/
Bank drafts/ wire
transfer.	 	New Delhi	 	2 of Annexure I
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	q)	 	Charges for

Electricity/Power

for internal Usage	 	As per Annexure X(a)	 	 

This Annexure forms an integral part of the Lease Deed.

	 	 	 
	For and on behalf of

DLF Assets Private Limited

	 	For and on behalf of

WNS Global Services Private Ltd.
	 
	 	 
	 
	 	 
	(A.C. Sachdev)

AUTHORIZED SIGNATORY

	 	(Ronald DMello)

AUTHORIZED SIGNATORY

30

 

ANNEXURE - III (a)

DESCRIPTION OF THE PLOT

Schedule A

All those pieces and parcels of lands admeasuring a total area of 12.3808 hectares comprised in

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Sl.	 	Survey	 	Area in	 	Sl.	 	Survey	 	Area in	 	Sl.	 	Survey	 	Area in	 	Sl.	 	Survey	 	Area in
	No.	 	Number	 	Hectares	 	No.	 	Number	 	Hectares	 	No.	 	Number	 	Hectares	 	No.	 	Number	 	Hectares
	1.
	 	58/5
	 	0.3650
	 	17.
	 	59/3A2A
	 	0.0600
	 	33.
	 	59/3A1
	 	0.4050
	 	49.
	 	56/2C
	 	0.1000
	2.
	 	58/2B
	 	0.3050
	 	18.
	 	61/3B
	 	0.1050
	 	34.
	 	58/9
	 	0.0575
	 	50.
	 	56/2E
	 	0.0280
	3.
	 	58/2A
	 	0.2550
	 	19.
	 	61/3C
	 	0.0250
	 	35.
	 	59/1
	 	0.0636
	 	51.
	 	56/2F
	 	0.0280
	4.
	 	58/6B
	 	0.3400
	 	20.
	 	55/6A1
	 	0.6397
	 	36.
	 	59/3B
	 	0.5271
	 	52.
	 	56/2G
	 	0.0490
	5.
	 	57/14
	 	0.1039
	 	21.
	 	59/3A3
	 	0.4050
	 	37.
	 	60/2
	 	0.8950
	 	53.
	 	56/3
	 	0.0210
	6.
	 	58/6A
	 	0.1100
	 	22.
	 	59/3A4
	 	0.4050
	 	38.
	 	60/1A
	 	0.0250
	 	54.
	 	56/4
	 	0.0320
	7.
	 	57/5C
	 	0.0600
	 	23.
	 	59/3A2B
	 	0.3168
	 	39.
	 	60/1B
	 	0.0150
	 	55.
	 	57/6
	 	0.0120
	8.
	 	57/2
	 	0.3050
	 	24.
	 	59/3A2C
	 	0.9450
	 	40.
	 	60/1D
	 	0.5700
	 	56.
	 	57/7B
	 	0.0890
	9.
	 	57/7B
	 	0.0037
	 	25.
	 	57/15A
	 	0.2450
	 	41.
	 	60/1E
	 	0.3150
	 	57.
	 	57/10B
	 	0.0890
	10.
	 	57/4
	 	0.3350
	 	26.
	 	58/7B2
	 	0.0300
	 	42.
	 	60/1F
	 	0.3450
	 	58.
	 	57/13
	 	0.0400
	11.
	 	57/6
	 	0.0290
	 	27.
	 	58/8
	 	0.0960
	 	43.
	 	58/7B2
	 	0.0200
	 	59.
	 	57/14
	 	0.0740
	12.
	 	57/5A
	 	0.0600
	 	28.
	 	57/15B
	 	0.4054
	 	44.
	 	58/8
	 	0.0700
	 	60.
	 	57/15A
	 	0.3130
	13.
	 	57/5B
	 	0.0600
	 	29.
	 	58/7A1
	 	0.0600
	 	45.
	 	58/9
	 	0.0720
	 	61.
	 	57/15B
	 	0.0890
	14.
	 	58/3
	 	0.3400
	 	30.
	 	58/7B1
	 	0.0300
	 	46.
	 	58/10
	 	0.0810
	 	62.
	 	59/3A2B
	 	0.0030
	15.
	 	58/4
	 	0.3450
	 	31.
	 	56/2B2
	 	0.0850
	 	47.
	 	59/1
	 	0.4870	 	 	 	 	 	 
	16.
	 	59/2
	 	0.2350
	 	32.
	 	56/2C
	 	0.3011
	 	48.
	 	59/3B
	 	0.0600	 	 	 	 	 	 

Mugalivakkam Village, Sriperumbudur Taluk, Kancheepuram District, and situated within the
sub-registration district of Kunrathur, and registration district of South Chennai.

Item II

All those pieces and parcels of lands admeasuring a total area of 4.35012 hectares comprised in
Survey Nos.55 (0.07500 Hec), 57 (0.10445 Hec), 58/1 (3.38925 Hec), 58/2 (0.19538 Hec) and 58/3
(0.58604 Hec). Manapakkam Village, Sriperumbudur Village, Kancheepuram District, and situated
within the sub-registration district of Joint-I, South Chennai and registration district of South
Chennai.

Item I and Item II in all measuring 16.73092 hectares

Situated in DLF IT PARK @ Chennai, 1/124 Shivaji Gardens, Moonlight Stop, Nandambakkam Post,
Ramapuram, Mount-Poonamallee Road, Chennai 600 089

SCHEDULE B — (Description of leased Premises)

As defined in Annexure II of this Lease Deed.

DLF IT Park @ Chennai is a Special Economic Zone IT Park notified vide official gazette numbers F-
2/124/2006 dated 16th November 2006 and F-2/124/2005 dated 14th February,
2007 approved by Ministry of Commerce.

31

 

ANNEXURE - III(b)

DESCRIPTION OF THE FLOOR PLAN

Phase I (10FL / 1, 2 & 3) & Phase II (10FL/ 4)

32

 

ANNEXURE - IV(a)

Phase I

SUPER BUILT UP AREA CALCULATIONS

BLOCK- 10, OFFICE COMPLEX, MANAPAKKAM, CHENAI

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	FLOOR/	 	OFFICE AREA	 	SUPER AREA	 	TERRACE AREA	 	TOTAL
SUPER
BUILT UP AREA
	OFFICE NO.	 	(SQM)	 	(SFT)	 	(SQM)	 	(SFT)	 	(SQM)	 	(SFT)	 	(SQM)	 	(SFT)
	TENTH/

10F/1
	 	1533.449
	 	16506
	 	1916.811
	 	20633
	 	—
	 	—
	 	1916.811
	 	20633
	TENTH/

10F/2
	 	1103.690
	 	11880
	 	1379.612
	 	14850
	 	—
	 	—
	 	1379.612
	 	14850
	TENTH/

10F/3
	 	1103.856
	 	11882
	 	1379.820
	 	14852
	 	—
	 	—
	 	1379.820
	 	14852
	TOTAL
	 	3740.995
	 	40268
	 	4676.243
	 	50335
	 	—
	 	—
	 	4676.243
	 	50335

The Super built up area shall be the sum of Office areas, the Common areas in the entire said
building, i.e., Block-10 and usable terrace(s) area attached to Office area. The aforesaid areas
are tentative and are subject to change, the final Super built up areas shall be confirmed by the
DLF Assets Private Limited on the date of possession upon completion of construction of above said
building after accounting for changes, if any, during construction

Whereas the Office area on a floor shall mean the entire area enclosed by its periphery walls including area
under walls, wall cladding, columns, toilets, pantries, lift lobbies, AHU, Electrical rooms, which form integral
part of said office floor and the Common areas shall mean all such parts / areas in said building which the M/s WNS
Global Service (P) Limited / Occupants of one floor shall use by sharing with the Occupants of other floors, including
entrance canopy, corridors and passages, area of cooling towers and
chillers, security / fire control
room(s), lift shafts,
all electrical shafts, D.G. shafts, A.C shafts, pressurisation shafts, plumbing and fire shafts on all floors and rooms,
staircases, mumties, lift machine rooms, over head water tanks and services area on roof of said building. In addition
prorata share of common services area in the basement and on surface of the said plot, including but not limited to electric
sub-station, transformers, D.G. set rooms. Underground water and other storage tanks, A.C. Plant room, Pump rooms, Sewage
treatment plant, maintenance and service rooms, fan rooms, circulation areas etc. shall be counted towards common areas.
Office area to Super area ratio shall be 80%.

Area of terrace(s), attached to Office area, if any, shall be counted 50% and added to the total
Super built up area. However, lessee shall not be allowed to cover such terrace(s) and shall use
same as open areas only and in no other manner whatsoever.

33

 

Annexure - IV (b)

Phase II

SUPER BUILT UP AREA CALCULATIONS

BLOCK- 10, OFFICE COMPLEX, MANAPAKKAM, CHENNAI

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	FLOOR/	 	OFFICE AREA	 	SUPER AREA	 	TERRACE AREA	 	TOTAL
SUPER
BUILT UP AREA
	OFFICE NO.	 	(SQM)	 	(SFT)	 	(SQM)	 	(SFT)	 	(SQM)	 	(SFT)	 	(SQM)	 	(SFT)
	TENTH/

10F/4
	 	1510.378
	 	16258
	 	1887.973
	 	20322
	 	—
	 	—
	 	1887.973
	 	20322
	TOTAL
	 	1510.378
	 	16258
	 	1887.973
	 	20322
	 	—
	 	—
	 	1887.973
	 	20322

The Super built up area shall be the sum of Office areas, the Common areas in the entire said
building, i.e., Block-10 and usable terrace(s) area attached to Office area. The aforesaid areas
are tentative and are subject to change, the final Super built up areas shall be confirmed by the
DLF Assets Private Limited on the date of possession upon completion of construction of above said
building after accounting for changes, if any, during construction

Whereas the Office area on a floor shall mean the entire area enclosed by its periphery walls including area
under walls, wall cladding, columns, toilets, pantries, lift lobbies, AHU, Electrical rooms, which form integral
part of said office floor and the Common areas shall mean all such parts / areas in said building which the M/s WNS
Global Service (P) Limited / Occupants of one floor shall use by sharing with the Occupants of other floors, including
entrance canopy, corridors and passages, area of cooling towers and
chillers, security / fire control
room(s), lift shafts,
all electrical shafts, D.G. shafts, A.C shafts, pressurisation shafts, plumbing and fire shafts on all floors and rooms,
staircases, mumties, lift machine rooms, over head water tanks and services area on roof of said building. In addition
prorata share of common services area in the basement and on surface of the said plot, including but not limited to electric
sub-station, transformers, D.G. set rooms. Underground water and other storage tanks, A.C. Plant room, Pump rooms, Sewage
treatment plant, maintenance and service rooms, fan rooms, circulation areas etc. shall be counted towards common areas.
Office area to Super area ratio shall be 80%.

Area of terrace(s), attached to Office area, if any, shall be counted 50% and added to the total
Super built up area. However, lessee shall not be allowed to cover such terrace(s) and shall use
same as open areas only and in no other manner whatsoever.

34

 

ANNEXURE - V (a)

STATEMENT OF RENT, INTEREST FREE SECURITY DEPOSIT, INTEREST FREE MAINTENANCE SECURITY DEPOSIT & CAR PARKING CHARGES PAYABLE BY THE LESSEE TO THE LESSOR DURING THE PERIOD OF THE LEASE
FOR 50,335 SQ.FT. (4,676.243 SQ.MTRS.) AS PHASE I AT PART OF TENTHFLOOR, BLOCK 10, DLF IT PARK @ CHENNAI

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	CAR PARKING	 	INTEREST FREE
	 	 	 	 	 	 	 	 	MONTHLY	 	 	 	CHARGES	 	MAINTENANCE
	 	 	 	 	 	 	 	 	RENT	 	INTEREST FREE	 	50 (Fifty) Nos. of	 	SECURITY
	 	 	 	 	 	 	 	 	PAYMENT OF	 	SECURITY (IN RS)	 	Car Parking spaces	 	CALCULATED @ Rs.
	 	 	 	 	 	 	Rent (Rs	 	THE SUPER	 	EQUIVALENT TO 3	 	on payment of Rs.	 	25/- PER SQ. FT. PER
	BEGINNING	 	 	 	AREA (in	 	per sq.ft.	 	BUILT-UP AREA	 	MONTHS	 	500/- per car park	 	MONTH FOR A PERIOD
	FROM	 	ENDING ON	 	Sq.ft.)	 	per month)	 	(Rs. Per month)	 	PREVAILING RENT	 	per month	 	OF 3 MONTHS
	01.04.2011
	 	31.03.2014
	 	50,335
	 	39.00
	 	19,63,065.00
	 	58,89,195.00
	 	25,000
	 	37,75,125.00
	01.04.2014
	 	31.03.2016
	 	50,335
	 	44.85
	 	22,57,524.75
	 	58,89,195.00
	 	25,000
	 	37,75,125.00

 

			
	NOTE:	 	All terms as per the Lease Deed shall be applicable.

35

 

ANNEXURE - V (b)

STATEMENT OF RENT, INTEREST FREE SECURITY DEPOSIT, INTEREST FREE MAINTENANCE SECURITY DEPOSIT & CAR PARKING CHARGES PAYABLE BY THE LESSEE TO THE LESSOR DURING THE PERIOD OF THE LEASE FOR
20,322 SQ.FT. (1,887.973 SQ.MTRS.) AS PHASE II AT PART OF TENTH FLOOR, BLOCK 10, DLF IT PARK @ CHENNAI

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	CAR PARKING	 	INTEREST FREE
	 	 	 	 	 	 	 	 	MONTHLY	 	 	 	CHARGES	 	MAINTENANCE
	 	 	 	 	 	 	 	 	RENT	 	INTEREST FREE	 	20 (Twenty) Nos. of	 	SECURITY
	 	 	 	 	 	 	 	 	PAYMENT OF	 	SECURITY (IN RS)	 	Car Parking on	 	CALCULATED @ Rs.
	 	 	 	 	 	 	Rent (Rs	 	THE SUPER	 	EQUIVALENT TO 3	 	payment of Rs.	 	25/- PER SQ. FT. PER
	BEGINNING	 	 	 	AREA (in	 	per sq.ft.	 	BUILT-UP AREA	 	MONTHS	 	500/- per car park	 	MONTH FOR A
	FROM	 	ENDING ON	 	Sq.ft.)	 	per month)	 	(Rs. Per month)	 	PREVAILING RENT	 	per month	 	PERIOD OF 3 MONTHS
	01.04.2011
	 	31.03.2014
	 	20,322
	 	39.00
	 	7,92,558.00
	 	23,77,674.00
	 	10,000
	 	15,24,150.00
	01.04.2014
	 	31.03.2016
	 	20,322
	 	44.85
	 	9,11,441.70
	 	23,77,674.00
	 	10,000
	 	15,24,150.00

 

			
	NOTE:	 	All terms as per the Lease Deed shall be applicable.

The Lease Commencement of Phase II shall be as defined in S.no (d) of Annexure II of this Lease Deed.

36

 

ANNEXURE VI

MONTHLY MAINTENANCE AND SERVICE EXPENDITURE (INDICATIVE)

	A.	 	The expected monthly maintenance and service expenditure shall be 1.20 times the sum total of
the following expenditure calculated on sq.ft. of Super Built — up area basis and shall be
charged every month. The expenditure shall include but shall not be limited to the following:
	 
	1.	 	Annual maintenance contracts, Service contract expenditure including taxes & statutory levies
as applicable, lease rental and other charges for operation and maintenance of all
electro-mechanical equipments and all equipment additionally installed by the
Lessor/maintenance agency.
	 
	2.	 	Cost of water for all purposes.
	 
	3.	 	Cost of electricity for central air-conditioning and all services provided including in the
parking, common and external areas.
	 
	4.	 	Cost of maintenance of landscaped areas, compound wall, tube well, electrification sewerage,
roads and paths and any other services within the boundary of the said plot.
	 
	5.	 	Cost of maintenance, cleaning, painting and necessary replacements of a revenue nature in
common areas including cost of maintenance of basements and common services therein.
	 
	6.	 	Cost of security services.
	 
	7.	 	Cost of administrative staff, maintenance staff of the building and the manager directly
related to the maintenance of the building.
	 
	8.	 	Cost of all consumables for all services in common areas.
	 
	9.	 	Annual fees of various authorities.
	 
	10.	 	Cost of diesel and lubricants for DG sets and cost of gas and lubricants etc. for gas
generators and air conditioning systems etc.
	 
	11.	 	Cost of all replacements / refurnishing of parts of various equipments used in maintenance
services.
	 
	12.	 	Cost of augmentation/upgradations/replacement/deployment of existing and additional
security/fire/other electromechanical systems acquired through leasing/ amortization/ rental
basis.
	 
	13.	 	Cost of expenses incurred on infrastructure in and around the Said Building.

37

 

	14.	 	Cost of insurance of Building and fitouts when fitted out space is provided.
	 
	15.	 	Township maintenance charges till the services of the colony are handed over to a local body
or authority.
	 
	16.	 	Depreciation / sinking fund /lease rentals of all electro-mechanical equipments, including
but not limited to chillers, D.G. Sets and lifts.
	 
	17.	 	Maintenance Charges for Car Parking Space.
	 
	18.	 	Any expenditure incurred on personnel, administrative and any other related cost of the
custom/excise staff posted at SEZ operations.
	 
	B.	 	Cost of exclusive services, if any, provided to the occupant shall be extra.
	 
	C.	 	Service Tax, as applicable, shall be additional.

38

 

ANNEXURE-VII

CAR PARKING SPACES EARMARKED FOR USE BY THE LESSEE

Number of car parking spaces earmarked in the basement surface/mechanical car/two wheeler parking
spaces for use by THE LESSEE

Seventy (70) Numbers

39

 

ANNEXURE VIII

TENTATIVE SPECIFICATIONS FOR BLOCK 10, DLF IT PARK @ CHENNAI

	 	 	 
	STRUCTURE	 	RCC framed structure
	Finishes
	 	 
	 
	 	 
	External Façade

	 	Combination of Clear Float Glass and/or
Reflective floats glass with Granite / Metal
Cladding / Exterior paint / any other.
	 
	 	 
	Atrium, Lift Lobbies
Floors & Walls.

	 	Combination of Indian marbles and / or granites.
	 
	 	 
	Main staircase(s) /Fire Escape staircase(s)

	 	Terrazzo / Kota Stone / Good concrete.
	 
	 	 
	Elevators

	 	High Speed Passenger Elevators.
Service Elevator
	 
	 	 
	Parking

	 	Surface/Basements/Mechanical
	 
	 	 
	Amenities

	 	Centrally Air Conditioned Building — Provision
for office area Air Conditioning provided upto
AHU on each floor. The internal distribution
system of Air Conditioning shall be sole
responsibility of the tenant.
	 
	 	 
	Power Back up

	 	100% power back-up including power back up for AC
system also.
	 
	 	 
	Fire Fighting

	 	Sprinkler and fire detection system will be
provided in the basement area and common area
only as per NBC. For fire fighting & sprinkler
services in Office area, provisions will be made
upto service shaft on each floor.
	 
	 	 
	Wash room

	 	Gents / Ladies Toilet on each floor as per
statutory norms, CI/GI piping will be provided,
but no CP fittings, Fixtures Wall / Floor
finishes. Door & shutters will be provided.
	 
	 	 
	Electricity/Telephone

	 	Provision on each floor up to the shaft.
Connections have to be arranged by respective
owners/users. No Electric conduits or wiring
shall be provided in the slab.

NOTE:

	a)	 	Materials specially the imported ones are subject to availability as per prevalent
policies of Govt. of India.
	 
	b)	 	Wherever larger floor heights are provided due to architectural reasons, from the
viewpoint of air conditioning load, the height of false ceiling to be done by the
Occupants shall not exceed 3 mtrs. from the finished floor level.
	 
	c)	 	The above-mentioned specifications are for common area only. The office area will be
in “BARE SHELL” condition only i.e. cement flooring, no plaster on concrete columns, walls
or ceiling except on brick walls wherever provided. All fittings, A.C. Ducts, Electrical
distribution and Fire Fighting etc. shall be the sole responsibility of the Occupants.
	 
	d)	 	Plumbing provision for extra toilets may be provided at one / two different locations
	 
	e)	 	The above specifications are tentative and are subject to change at the sole
discretion of THE LESSOR.

40

 

ANNEXURE IX

THE LESSEE’S RESPONSIBILITY DURING ADDITIONAL INTERIOR FITOUTS WORK, ADDITIONS/ MODIFICATIONS/
ALTERATIONS OF INTERIOR WORKS (REFERRED HEREINAFTER AS INTERIOR WORKS) AND DURING THE LEASE TENURE/
LEASE RENEWAL AND DURING OPERATIONS

THE LESSOR has provided the fire detection systems as elaborated in Part B. These systems are as
per NBC norm.

	A	 	THE LESSEE will be responsible to ensure the following elaborated under different sub heads:
	 
	(I)	 	FIRE DETECTION & FIRE FIGHTING
	 
	1.	 	The existing sprinkler systems provided is not to be isolated or closed at any point of time
during interior works.

	 	(a)	 	For providing sprinklers below false ceiling a separate network of sprinklers to be
installed.
	 
	 	(b)	 	Before starting the interior/fitout works, THE LESSEE will also check for themselves
that the sprinkler systems in working condition. .
	 
	 	(c)	 	Upon completion of False Ceiling, the sprinkler below false ceiling is to be charged.
Only upon charging the sprinklers below false ceiling THE LESSEE can do other interior
works and can bring in the carpets / furniture / modular workstations/ chairs / wood for
partitions etc. into the premises for installation.

	2.	 	Fire detection, alarm systems and fire fighting systems must not be closed or isolated during
the period when interior works are carried out or during the lease period.
	 
	2(a)	 	As and when there is Puja/ Havan in THE LESSEE’s Premises the Building Manager to take
proper action for alarm system so that other occupants are not disturbed. THE LESSEE shall
send prior notice for the Puja/ Havan including the essential details like time, date and the
venue to the Building Manager.
	 
	3.	 	Before start of Interior works THE LESSEE to ensure 4 nos. Fire Extinguishers, 4 Nos. Sand
buckets & 4 nos. Water buckets are placed at different locations on each floor of the premises
when THE LESSEE is starting the interiors.
	 
	4.	 	Before doing any welding works, THE LESSEE to obtain hot works permit and ensure that the
site is clear, no paper/wood pieces/or any other combustible material is around and adequate
standby fire-fighting mechanism in place, which includes at least 2 nos of fire extinguishers,
1 nos of sand buckets, 1 nos of water bucket etc are in place. Once the welding is completed,
the site to be re-inspected for any welding spark.

41

 

	5.	 	No gas of any kind to be used for welding purposes. Only arc/electrical welding to be used.
	 
	6.	 	Zonal fire detection panels are provided on all floors. THE LESSEE to ensure that at any
point of time there would be some smoke detectors spread over the Said Premises operational
and connected to the Zonal panel.
	 
	7.	 	During interior works, THE LESSEE to ensure proper signages and fire escape routes are
prominently displayed inside their premises.
	 
	8.	 	Security Guards professionally trained in fire fighting systems to be deployed on each floor
during all shifts round the clock. They should be capable of handling the fire-fighting
equipments provided on the floors such as fire hydrants etc.
	 
	9.	 	The entire building is a no smoking zone. THE LESSEE to ensure that even during interior
works no person smokes inside the building. Match Boxes & Cigarette Lighters are not allowed
at site in the building.
	 
	10.	 	No items of any nature to be stored in Electrical Control / Panel Room. A stray electrical
spark may result in such items catching fire; moreover, presence of such items may impede
access to Control Panel in times of emergency.
	 
	11.	 	THE LESSEE to refrain from use of cooking gas in their pantries / kitchens.
	 
	12.	 	THE LESSEE’s Security Personnel should not remain inside the offices after they have been
closed for the day. Unauthorised smoking by such staff can also contribute to major fire.
After closing hours, your Security/Guard be stationed outside the office (and not within), and
the interiors of the offices can be monitored by then over closed circuit video cameras.
	 
	(II)	 	ELECTRICAL & MECHANICAL
	 
	13.	 	For the operational usage THE LESSOR has provided the electrical tap-off in electrical room
alongwith sub-meters installed for supply of power from grid/supplying agency and back-up
power. THE LESSEE to tap-off electricity through proper distribution panel / board properly
earthed. The distribution of electricity inside the premises during the interior works shall
be responsibility of THE LESSEE.
	 
	14.	 	All electrical installation shall be carried by authorised licensed contractor and client
shall submit installation test certificate issued by same contractor and certificate of
verification of these installation by a reputed electrical consultant.
	 
	15.	 	During interior works Electrical supply for fitout to be given through portable DG/Building
DG (if installed). In case power for fitouts is provided through temporary portable DG
installed outside, THE LESSEE will have to take the tapping though a cable of suitable rating
from outside the building. Lessee to take the electricity in a proper panel/fitted with MCB & ELCB with proper earthing. Cable of
proper rating to be used as per load. No loose connection & joints in wires will be
allowed. During interior works while using drilling/hammering machine or any other
electrical equipment, THE LESSEE shall ensure that proper 3 pin plugs are used. No over
loading of socket will be allowed.

42

 

	16.	 	All outgoing feeders single phase & 3 phase in Panels & DBs outlets shall be suitable of
individual equipment rating and out going feeders must have a protection arrangement so that
it should trip in the event of overload, short circuit & earth fault.
	 
	17.	 	All material to be of IS Standard & from reputed manufacturer. No sub standard material to
be used.
	 
	18.	 	No aluminum cable to be used. Only copper cables of ISI make to be used.
	 
	19.	 	Under no circumstances during interiors / operations should the safety system in the circuit
/ MCB / ELCB be bypassed. THE LESSOR to ensure that this is adhered to under all
circumstances.
	 
	20.	 	Only CFL & tubes with electronics chokes to be used. No Aluminum / Copper chokes to be used.
	 
	21.	 	Compressors of Split AC/ Precision AC shall be serviced regularly to avoid overheating /
jamming of compressor / fan motor. Stabilizer sockets to be checked regularly for heating.
	 
	22.	 	Supply from one socket to be used for one source only and 3 wire cable to be used rather than
3 different cables. No overloading of sockets.
	 
	23.	 	Balancing of load should be proper in all 3 phases.
	 
	24.	 	Coffee machine / water cooler/ oven and any other Electrical appliances should be properly
earthed and to be used with a proper rating of cable through ELCB.
	 
	25.	 	For power output 15 amp plug; for lighting 5 amp plug and for AC industrial sockets to be
used.
	 
	26.	 	Small step down transformer on false ceiling for lighting to be properly secured.
	 
	27.	 	No PVC pipes to be used for Electrical wiring.
	 
	28.	 	Electrical panel wiring to be properly dressed and the gap between the phases to be proper.
	 
	29.	 	CT provided in the electrical panel should be of proper size and should have a proper gap
between the space and CT to be checked for any heating/ cracking.

43

 

	30.	 	One circuit should not have more than eight light point or two power points.
	 
	31.	 	For neon signages transformer should be placed outside safe place or LED signages to be used.
	 
	32.	 	THE LESSEE to ensure that the electro-mechanical systems installed in the Said Premises is
properly maintained during their interior works and at the time of operations. THE LESSEE to
also ensure that no fire spreads from the premises.
	 
	33.	 	THE LESSEE to have the audit of their entire Electrical systems done on a quarterly basis by
a reputed Electrical consultant and provide a certificate certifying that all THE LESSEE’s
installations including insulation resistance are in good and safe working condition and does
not have any possibility of short circuit and becoming a fire source. To be submitted to the
facility manager on quarterly basis.
	 
	34.	 	THE LESSEE to have the audit of their entire HVAC systems done on a quarterly basis by a
reputed HVAC consultant and provide a certificate certifying that all THE LESSEE’s
installations are in good and safe working condition and does not have any possibility of
short circuit and becoming a fire source. To be submitted to the facility manager on quarterly
basis.
	 
	(III)	 	DRAWINGS & SPECIFICATIONS
	 
	35.	 	THE LESSEE shall ensure that the fitout works is done as per the drawings approved by THE
LESSOR’s architect. No deviation will be allowed.
	 
	36.	 	THE LESSEE to use fire retardant material in the design of their interior works.
	 
	37.	 	While designing of interior works, it should be kept in mind that the access to the fire
hydrants is not restricted in any way.
	 
	38.	 	For flushing of water closets only cisterns/concealed cisterns are to be used. No flushing
valves to be installed.
	 
	39.	 	THE LESSEE to install automatic gas flooding Fire Extinguishing System, FM 200 or equivalent,
in case THE LESSEE wants to remove the sprinkler system in the Server Room. The FM 200 will
not be kept on manual mode under any circumstances.
	 
	(IV)	 	WORK PROCEDURE
	 
	40.	 	THE LESSEE shall ensure that no structural damage takes place.
	 
	41.	 	Every day, on completion of work, THE LESSEE shall ensure that the site is cleaned all
combustible & non-combustible scrap including any wood/paper/lose paint /any other
material/scrap is remove from the premises.

44

 

	42.	 	THE LESSEE shall ensure that the malba/scrap is disposed out of site every day.
	 
	43.	 	THE LESSEE shall ensure that the stair cases are not blocked with interior fitout material.
	 
	44.	 	No material shall be stocked in the lift lobby area.
	 
	45.	 	THE LESSEE shall not store paint and other combustible material at Demised Premises. The
material may be brought onto the floor for interior finishing as and when it is required.
	 
	46.	 	No storage of any material / records in basement, to enable free movement. However, for a
limited period of 10 days during interior works THE LESSEE with the permission of the facility
manager can use this earmarked car/two wheeler parking space as temporary storage for
fixture/furniture which is in the process of being installed. The same must be barricaded by
THE LESSEE and THE LESSEE must depute a security guard for the same. THE LESSEE must install a
Fire Fighting system such as extinguishers, sand buckets & water buckets to the satisfaction
of the facility manager for this temporary storage area. This furniture/fixture will be
allowed to be brought only 7 days in advance of installation. The storage area must be cleared
by THE LESSEE immediately after shifting the material in their premises. In case the
interiors are getting delayed beyond the targeted date, THE LESSEE will clear the temporary
store immediately and shift all material in their premises. When the material is shifted on
the floor the packing / covering to be removed the same day and all packing / covering
material to be shifted out of the premises and the building on the same day.
	 
	47.	 	During normal office hours, no noisy interior works such as drilling, hammering, cutting,
chisilling etc is to be carried out by THE LESSEE. The same can be done after normal office
hours. However, works other than the above can be carried on which cause no disturbance to the
occupied floors.
	 
	(V)	 	OTHER REQUIREMENTS
	 
	48.	 	No Parking of CNG / LPG powered cars in basements as the chances of occurrence of fire /
explosion in such vehicles are very high.
	 
	 	 	However, Original Manufacturer company-fitted CNG / LPG vehicles will be allowed in car
parking spaces designated by THE LESSOR.
	 
	49.	 	Working Norms for Interior Works

	 	(a)	 	In New Building where no client is operational the interior works can be done on 24
hrs. basis.
	 
	 	(b)	 	In a multi-tenanted building as soon as any client completes their interior works and
becomes operational; no noisy works to be done during office hours.
	 
	 	(c)	 	Noisy works such as drilling, hammering, cutting, chiseling etc. to be carrying out
by THE LESSEE after normal office hours.

45

 

	50.	 	That before any machinery, equipment, safe or furniture, etc. is moved into or out of the
Demised Premises, due approval in writing must be taken by THE LESSEE from the Building
Manager or other authorized personnel appointed by THE LESSOR, in the absence of which the
movement thereof will not be permitted by THE LESSOR, provided, however, such movement will be
allowed during normal business hours only.
	 
	51.	 	Lifts/ elevators/ escalators of reputed makes have been provided in the said Building/ Building
Complex.

THE LESSEE should educate its employees, visitors and customers with regard to the DO’s and DONT’s
of the safe usage of these items. These are self operating lifts/ elevators/ escalators. Do’s and
Don’ts as recommended by the suppliers are as displayed therein.

The maintenance of these items is done by giving AMC’s to suppliers/ third parties.

In the event of any mishap occurring, THE LESSOR or its employees shall not be held responsible for
any consequences arising from usage of these items.

	B	 	The following fire-detection and alarm system are provided as per NBC norms inside the
premises:
	 
	 	 	Fire Detection & Alarm System:

	 	1.	 	Main control / Alarm panel located in security room connected with the
floor-wise zonal panel located near the staircase.
	 
	 	2.	 	The Smoke / Heat Detectors installed by the floor occupant are connected to
the zonal panels located on the floors.
	 
	 	3.	 	The main panel has inbuilt zone-wise fire detector and automatic alarm on all
floors, through an amplifier.
	 
	 	4.	 	All AHUs and other ventilation / pressurization systems are operationally
hooked-up with fire alarm / detection system.

	 	 	Fire Fighting System
	 
	 	 	The following fire fighting systems are provided along with:

	 	•	 	Fire Pumps (Hydrants & sprinkler)
	 
	 	•	 	Jockey pumps
	 
	 	•	 	Diesel Driven engine pump
	 
	 	•	 	Fire Hydrants
	 
	 	•	 	Hose reels
	 
	 	•	 	Fire extinguishers in common areas
	 
	 	•	 	Sprinkler systems
	 
	 	•	 	Public address and Alarm System
	 
	 	•	 	Automatic / manual Fire Alarm system

The Fire Hydrant systems comprises of internal fire hydrant system available on all the floors and
the external hydrant system around the building.

Sprinkler system is provided in basement, Lift lobby and service area and office areas as per NBC
norms.

46

 

ANNEXURE X (a)

Charges for Usage of Power in the Demised Premises

	f)	 	Usage of power during interior fitouts:

	 	i)	 	To the extent grid power is available and used — To be charged as per grid rates
	 
	 	ii)	 	For supply of power from back up sources — To be charged at Cost + 20%
	 
	 	iii)	 	When power taken from Utilities company is used — To be charged at Cost + 20%

	g)	 	Usage of power during lease tenure

	 	i)	 	If grid power is available and used — To be charged as per grid rates
	 
	 	ii)	 	For supply of power from back up sources — To be charged at Cost + 20%
	 
	 	iii)	 	When power taken from Utilities company is used — To be charged at Cost + 20%

For power used for common areas from any source, along with other expenditure like security,
housekeeping etc, the total cost of above is charged in the overall maintenance charge at Cost +
20%.

47

 

ANNEXURE X (b)

MAINTENANCE CHARGES

	 	 	The maintenance charges for Demised Premises shall be calculated at actual cost + 20%
payable from the Lease Commencement Date.
	 
	 	 	The estimated maintenance charges as on 1.4.2009, subject to increase in prices of diesel,
gas and petroleum products, electricity rates, taxes, wages and salaries during the lease
tenure/ renewed lease tenure are as below:
	 
	 	 	For normal office hours (8 am to 8 pm on Weekdays and 8 am to 2 pm on Saturdays except
Sundays, Public and National Holidays): Rs 12.50 psf per month
	 
	 	 	For 24*7 operations (except National Holidays) is Rs 25/- psf per month
	 
	 	 	For working on National Holidays: Rs 0.15/- per sq. ft. per hour on the super built up area
of the full floor even if the area of Demised Premises is less than the full floor area or
per hour for the Demised Premises to be intimated by the Building Manager when required.
	 
	Note:	 	In the event the building is already operational and THE LESSEE is carrying out the fit out
works but does not utilize the central air conditioning for the Demised Premises during the
fitout period; maintenance will be charged at 50% of the normal maintenance charges i.e. Rs.
5.75/- per sq.ft. per month.

48

 

ANNEXURE XI

(Applicable in case THE LESSEE merges or amalgamates after the Lease Deed is signed) To be given by

transferee company

UNDERTAKING

TO,

DLF _____________________

_____________________

Ref : Lease Deed dated -_____________________

I, ......................................., the authorized representative, vide Board resolution/Power of attorney dated.......................................(Copy
enclosed), _____________________, do hereby declare that

	 	1.	 	We are fully aware with the Lease Deed dated_____________________executed between M/s
DLF_____________________ and M/s._____________________ contents thereof.
	 
	 	2.	 	We are fully aware with the terms and conditions of the abovementioned Lease Deed. We
are aware that as per the terms and conditions of the aforementioned Lease Deed, in case
of merger/consolidation or amalgamation of the Lessee with any other entity, a fresh Lease
Deed shall be executed between the Lessor and the other entity as provided in clause __- of
the Annexure I of the abovesaid Lease Deed.
	 
	 	3.	 	We undertake that as per the provisions of the Lease Deed we shall execute a fresh
lease deed on same terms and conditions within 30 days of passing of the order by the
Court approving the scheme of merger.
	 
	 	4.	 	We are aware that we will step into the shoes of _____________________ and that our
liability to make payments of rental and other charges as per the Lease Deed shall
commence from the date of passing of the final order approving the merger. Till then the
payments of rent and other charges payable under the Lease Deed shall be borne and paid
regularly by M/s._____________________.
	 
	 	5.	 	We unequivocally agree, confirm and acknowledge to the Lessor that we shall be
responsible for enforcement/compliance of all the terms and conditions of the Lease Deed
and that we bind ourselves with the terms and conditions of the aforementioned Lease Deed
and we shall also be liable for breach/non-compliance of the terms and conditions as per
the Lease Deed dated_____________________.

_____________________

(Authorised Signatory)

_____________________

Confirmed by:

(_____________________)

THE LESSEE

49

 

ANNEXURE — XII

ELECTRONIC CLEARING SYSTEM ACTIVATION FORM

	 	 	 	 	 
	1
	 	Name of the Vendor :	 	DLF Assets Private Limited
	2
	 	Contact person :	 	R. Ramgopal
	3
	 	Designation :	 	Senior Manager — Accounts
	4
	 	Address :	 	Upper Basement, Block 1B,
DLF IT Park @ Chennai,
1/124 Shivaji Gardens, Moonlight
Stop, Nandambakkam Post,
Manapakkam,
Mount Poonamallee Road,
Chennai 600 089

	5
	 	Mobile No :	 	+91 9962003099
	6
	 	Contact No :	 	+91 - 44 - 45497601
	7
	 	Email ID :	 	r-ramgopal@dlf.in

	8
	 	Fax :	 	+91 - 44 - 42669802
	9
	 	Bank Name :	 	CITI BANK
	10
	 	Bank Address :	 	CONNAUGHT PLACE, NEW DELHI
	11
	 	Account No. :	 	0028681224
	12
	 	Permanent Account Number	 	AACCD4923A
	13
	 	Tax Account Number	 	DELD09632A
	14
	 	NEFT Code :	 	—
	15
	 	RTGS Code :	 	IFSC: CITI0000002
	16
	 	Swift Code * :	 	Not Applicable

	•	 	THE LESSEE to check with concerned bank for NEFT / RTGS / SWIFT Codes.
	 
	•	 	Swift Code is required in case THE LESSEE has an account with HSBC bank.
	 
	•	 	Bill-wise details against NEFT/RTGS payments by mail.

50

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