Document:

Exhibit 10.7

 Exhibit 10.7 

Form of 
 Director
Restricted Stock Agreement 
 (Annual Grant) 

This Director Restricted Stock Agreement (the “Agreement”), by and between Univar Inc., a Delaware corporation (the
“Company”), and the director whose name is set forth on Exhibit A hereto (the “Director”), is being entered into pursuant to the Univar Inc. 2015 Omnibus Equity Incentive Plan (the “Plan”) and is
dated as of the date it is accepted and agreed to by the Director in accordance with Section 4(m). Capitalized terms that are used but not defined herein shall have the respective meanings given to them in the Plan. 

WHEREAS, the Board of Directors of the Company (the “Board”) authorized the Director’s annual compensation for service
as a member of the Board (the “Annual Fee”), a portion of which will be paid in the form of equity in the Company. 
 NOW,
THEREFORE, the Company and the Director hereby agree as follows: 
 Section 1. Grant of Shares of Restricted Stock. The Company
hereby evidences and confirms its grant to the Director, effective as of the Grant Date (as specified on Exhibit A hereto), of the aggregate number of shares of Restricted Stock as set forth on Exhibit A hereto, as satisfaction of the equity portion
of the Director’s Annual Fee for the current year ($100,000 divided by the Fair Market Value of the Company Common Stock on the Grant Date (the “Shares”)). This Agreement is entered into pursuant to, and the Shares granted
hereunder are subject to, the terms and conditions of the Plan, which are incorporated by reference herein. If there is any inconsistency between any express provision of this Agreement and any express term of the Plan, the express term of the Plan
shall govern. 
 Section 2. Vesting and Forfeiture. 

(a) Vesting. Except as otherwise provided in this Section 2, the Shares granted hereunder shall become vested, if at all, on the first
anniversary of the Grant Date (the “Vesting Date”), subject to the Director’s continued service on the Board from the Grant Date until the Vesting Date. 

(b) Effect of Termination of Services. 

(i) Death or Disability. If the Director’s service on the Board is terminated due to death or Disability prior to
the Vesting Date (each, a “Special Termination”), all outstanding Shares shall vest, as of the date of such Special Termination, on a pro rata basis, in an amount equal to the product of (x) the number of outstanding
unvested Shares then held by the Director multiplied by (y) a fraction, the numerator of which is the number of days that have elapsed from the Grant Date and the denominator of which is 365. 

 (ii) Any Other Reason. Upon termination of the Director’s services on
the Board prior to the Vesting Date for any reason other than a Special Termination (whether initiated by the Company or by the Director), the Shares shall be forfeited effective as of the date of such termination. 

(c) Effect of a Change in Control. In the event of a Change in Control occurring prior to the Vesting Date, the treatment of any
unvested Shares shall be governed by Article XIV of the Plan. 
 (d) Discretionary Acceleration. Notwithstanding anything contained
in this Agreement to the contrary, the Administrator, in its sole discretion, may accelerate the vesting with respect to any Shares under this Agreement, at such times and upon such terms and conditions as the Administrator shall determine. 

Section 3. Restriction on Transfer of Shares. Prior to the vesting thereof, the Shares are not assignable or transferable, in
whole or in part, and they may not, directly or indirectly, be offered, transferred, sold, pledged, assigned, alienated, hypothecated or otherwise disposed of or encumbered (including, but not limited to, by gift, operation of law or otherwise),
other than by will or by the laws of descent and distribution to the estate of the Director upon the Director’s death. Any purported transfer in violation of this Section 3 shall be void ab initio. Furthermore, notwithstanding any
other provision of this Agreement, the Director may not sell the Shares unless such shares are registered under the Securities Act of 1933, as amended (the “Securities Act”), or, if such shares are not then so registered, such sale
would be exempt from the registration requirements of the Securities Act. The sale of the Shares must also comply with other applicable laws and regulations governing the Common Stock, and the Director may not sell the Shares if the Company
determines that such sale would not be in material compliance with such laws and regulations. 
 Section 4. Miscellaneous. 

(a) Authorization to Share Personal Data. The Director authorizes the Company or any Affiliate of the Company that has or lawfully
obtains personal data relating to the Director to divulge or transfer such personal data to the Company or to a third party, in each case in any jurisdiction, if and to the extent reasonably appropriate in connection with this Agreement or the
administration of the Plan. 
 (b) No Right to Continued Service on Board. Nothing in this Agreement shall be deemed to confer on the
Director any right to continue in the service of the Company or any Subsidiary, or to interfere with or limit in any way the right of the Company or any Subsidiary to terminate such service at any time. 

(c) Interpretation. The Administrator shall have full power and discretion to construe and interpret the Plan (and any rules and
regulations issued thereunder) and this Award. Any determination or interpretation by the Administrator under or pursuant to the Plan or this Award shall be final and binding and conclusive on all persons affected hereby. 

  
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 (d) Forfeiture of Awards. The Shares granted hereunder (and gains earned or accrued in
connection therewith) shall be subject to such generally applicable policies as to forfeiture and recoupment (including, without limitation, upon the occurrence of material financial or accounting errors, financial or other misconduct) as may be
adopted by the Administrator or the Board from time to time and communicated to the Director, and is otherwise subject to forfeiture or disgorgement of profits as provided by the Plan. 

(e) Consent to Electronic Delivery. By entering into this Agreement and accepting the Shares evidenced hereby, the Director hereby
consents to the delivery of information (including, without limitation, information required to be delivered to the Director pursuant to applicable securities laws) regarding the Company and the Subsidiaries, the Plan, this Agreement and the Shares
via the Company’s website or other electronic delivery. 
 (f) Binding Effect; Benefits. This Agreement shall be binding upon
and inure to the benefit of the parties to this Agreement and their respective successors and assigns. No provision of this Agreement, express or implied, is intended or shall be construed to give any person other than the parties to this Agreement
or their respective successors or assigns any legal or equitable right, remedy or claim under or in respect of any agreement or any provision contained herein. 

(g) Amendment. This Agreement may not be amended, modified or supplemented orally, but only by a written instrument executed by the
Director and the Company. 
 (h) Assignability. Neither this Agreement nor any right, remedy, obligation or liability arising
hereunder or by reason hereof shall be assignable by the Company or the Director without the prior written consent of the other party. 

(i) Applicable Law. This Agreement shall be governed in all respects, including, but not limited to, as to validity, interpretation and
effect, by the internal laws of the State of Delaware, without reference to principles of conflict of law that would require application of the law of another jurisdiction. 

(j) Waiver of Jury Trial. Each party hereby waives, to the fullest extent permitted by applicable law, any right he, she or it may have
to a trial by jury in respect of any suit, action or proceeding arising out of this Agreement or any transaction contemplated hereby. Each party (i) certifies that no representative, agent or attorney of any other party has represented,
expressly or otherwise, that such other party would not, in the event of litigation, seek to enforce the foregoing waiver and (ii) acknowledges that he, she or it and the other party hereto have been induced to enter into the Agreement
by, among other things, the mutual waivers and certifications in this Section 4(j). 

  
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 (k) Limitations of Actions. No lawsuit relating to this Agreement may be filed before a
written claim is filed with the Administrator and is denied or deemed denied as provided in the Plan and any lawsuit must be filed within one year of such denial or deemed denial or be forever barred. 

(l) Section and Other Headings, etc. The section and other headings contained in this Agreement are for reference purposes only and
shall not affect the meaning or interpretation of this Agreement. 
 (m) Acceptance of Shares and Agreement. The Director has
indicated his or her consent and acknowledgement of the terms of this Agreement pursuant to the instructions provided to the Director by or on behalf of the Company. The Director acknowledges receipt of the Plan, represents to the Company that he or
she has read and understood this Agreement and the Plan, and, as an express condition to the grant of the Shares under this Agreement, agrees to be bound by the terms of both this Agreement and the Plan. The Director and the Company each agrees and
acknowledges that the use of electronic media (including, without limitation, a clickthrough button or checkbox on a website of the Company or a third-party administrator) to indicate the Director’s confirmation, consent, signature, agreement
and delivery of this Agreement and the Shares is legally valid and has the same legal force and effect as if the Director and the Company signed and executed this Agreement in paper form. The same use of electronic media may be used for any
amendment or waiver of this Agreement. 

  
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 Exhibit A to Director Restricted Stock Agreement 

(Annual Grant) 
  

			
		
	Director:		                                     
                   
		
	Grant Date:		                                    ,
201             
		
	 Shares of
 Restricted Stock

granted hereby:Exhibit
10.5

 

 

Agreement
to Rent

 

This
Agreement to Rent is executed on this         th day of December 2013(     /12/2013)at Bangalore, by and

 

Between

 

M/s.
Jamia Jarussalam (A society registered under the Societies Registration act XXI of 1860) PAN No. AATJ0560G, and having office
at Oomerabad, Vellore District- 635 808, Represented by Mr. Kaka Anees Ahmed, S/o Mr. Kaka Sayeed Ahmed, Joint Secretary, Residing
at Al Mannar, Mosque Street, Oomerabd - 635 808. Vellore District, Tamil Nadu Hereinafter referred to as “the Lessor”
(Which expression shall mean and include their respective Legal heirs, nominees, administrators, executors, assigns, Successors,
Successors in right title and interest and Legal representatives) of the ONE PART

 

And

 

M/s.
Adeptpros IT Solutions Pvt. Ltd. a company incorporated under the Indian Companies Act, 1956 In Corp No. U72200AP2009PTC066002
having its office at #103, 6-3-1177/91 B.H. Maktha, Hussain Nagar, Kundanbagh, Begumpet, hyderabad - 500016, Andhra Pradesh,
INDIA,. PAN No. AAICA0763H and an address for service at the Scheduled B Property represented by its Directors 1. Mr. Gautam
Mandewalker and 2. Mr. Rajendra Prasad Kode hereinafter referred to as “the Lessee” (which expression shall,
unless it be repugnant to the context or meaning thereof, be deemed to include its legal representatives, executors, administrators,
successor/s in interest and assign/s) of the OTHER PART.

 

Recitals:

 

		I.	Whereas the Lessor above named is the
                                         absolute owner in right title and interest of all that piece and parcel of the Unit Nos
                                         G1007A, G1008A, G1009A, G1010A, G1011A, G1012A, G1013, G1014A, G1014B, G1015, G1016,
                                         G1017, G1018, G1019, G1020 and G1021 on 10th floor of the Gamma Block, admeasuring 13500
                                         sq ft. Super Built up Area in the multi storied Building Gamma Block of the Sigma
                                         Soft - Tech Park, with 13 covered car parks all of which are together more fully described
                                         in the Schedule B hereunder and hereinafter referred to as the Schedule B Property
                                         or demised premises. The Schedule B Property is constructed on the land being a portion
                                         of survey Nos. 7/1, 7/2A, 7/2B, 7/3, 8/1, 8/2, 8/3, 8/4, 9/1, 9/2, 9/3, 9/4 and 9/5,
                                         bearing Khata Nos. 316/7/1 to 9/5/1 to 27, Ramagondanahalli Village, Varthur Hobli, Bangalore
                                         South Taluk Bangalore District, which is more fully described in the Schedule A hereunder;

 

 

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		II.	AND
                                         WHEREAS the Lessor have represented that (a) The building has been constructed in accordance
                                         with the building plans sanctioned by the concerned authorities, (b) the sanctioned use
                                         of the building is commercial and (c) there is no legal impediment for using the building
                                         for conducting business activities and granting a lease to the Lessee of approximately
                                         13500 sq. ft. of super built area on the Ninth floor of the Gamma building for conducting
                                         its business activities.

 

And
Whereas the Lessee above named who is in the business of Software Service has inspected the Schedule B Property and has evinced
interest in taking it on lease on a monthly rent for a period of two years.

 

		III.	And
                                         whereas the Lessor have agreed to demise on a monthly rent the Schedule B Property together
                                         with amenities of AHUs on their floor and 100% power back up.

 

Now it is hereby agreed by and between the parties as follows:

 

		1.	Agreement:

 

		1.1.	The
                                         Lessor agree to demise to the Lessee the Schedule B Property together with easements,
                                         rights and advantages appurtenant thereof subject to the covenants and conditions contained
                                         in this Lease Agreement for a period of 2 year on the terms and conditions provided hereinafter
                                         and the Lessee accepts to take the Schedule B property on lease.

 

		1.2.	This
                                         Agreement shall mean and include all other agreements, drawing, plans, supplements, addendum
                                         and deeds entered into by and between the parties hereto in pursuance to this Agreement

 

		1.3.	Notwithstanding
                                         anything to the contrary contained in any clause in any other deed or agreement entered
                                         into between the parties hereto subsequent to this Agreement, it shall always be provided
                                         that all the agreements and deeds shall be co-terminus to each other and read in conjunction
                                         with each other and shall run concurrently with each other. It is further provided that
                                         no particular agreement or deed can be terminated or otherwise determined without terminating
                                         this agreement and all other agreements and deeds simultaneously;

 

		1.4.	In
                                         the event if there is any conflict or contradiction in any clause or term or condition
                                         in any other agreement or deed or no such clause is provided therein, the terms provided
                                         in this Agreement shall supersede such clause or terms or conditions and the terms provided
                                         in this Agreement shall apply mutatis mutandis to all the other agreements and deeds;

 

		1.5.	The
                                         Demised Premises is a part of the Complex called The Sigma Soft-Tech Park. As per the
                                         Scheme of development of the Schedule A Property, the Sigma Soft Tech Park which includes
                                         the Demised Premises, is controlled & managed by M/s.lDEB Projects Pvt Ltd-IPMS,
                                         formerly known as M/s Sigma Property Management Services (herein after referred to as
                                         the PMA). In view of the said scheme, the Schedule B Property is subject to the Rules,
                                         Bylaws and Regulations of Sigma Soft-Tech Park, which shall be as determined by the PMA
                                         and a copy of which shall be provided to the Lessee and Lessor prior to execution of
                                         this Agreement. Further, the Lessee and the Lessor shall execute on the commencement
                                         of the lease and occupation of the demised premises an agreement with the PMA for the
                                         Schedule B Property to provide maintenance. Further the Schedule B Property is subject
                                         to such rights and restrictions and obligations as is common with all occupiers of the
                                         Sigma Soft-Tech Park which shall be communicated in writing to the Lessee prior to execution
                                         of this Agreement. The rent payable by the Lessee to the Lessor shall be independent
                                         of the amount payable by the Lessee to the PMA.

 

		2.	Rent:

 

		2.1.	The
                                         Rent as provided herein below shall commence from the 15th February 2014.

 

		2.2.	The
                                         Rent for each month shall be paid on or before the 5th of every month for
                                         use and occupation for the said month. The Lessor agrees to demise the Schedule B Property
                                         to the Lessee for a monthly rent of Rs.35/- per square feet (Rupees Thirty Five only.)
                                         for total carpet area. which
                                         total amount round to Rs. Rs.4,72,500/- (Rupees Four Lakhs Seventy Two
                                         Thousand and Five Hundred Only).

 

 

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		2.3.	The
                                         monthly lease rent for the demised premises payable for the use and occupation of it
                                         shall be increased once every year at the rate of 5% of the last paid rent, and the first
                                         such increment shall be due at the end of 12 Months from the date of commencement
                                         of the lease.

 

		2.4.	As
                                         per the Agreement of Services executed by and between the Lessor, Lessee and PMA
                                         the Lessee agrees to pay on commencement of the lease and occupation of the demised
                                         premises by it directly to the PMA Service Charges every month towards maintenance and
                                         upkeep and the common areas of the Sigma Soft Tech Park.

 

		2.5.	In
                                         the event of any delay in the payments of rent as aforesaid, the Lessee shall pay, if
                                         the default is not cured within 10 days of receiving a written notice from the Lessor
                                         to make such payments, the same together with the interests thereon at the rate of 18%
                                         per annum from the date of default until such payment is made.

 

		2.6.	The
                                         Lessee has to pay the Service Tax to the Lessor.

 

		2.7.	All
                                         payments are subject to deduction of tax as per the Income Tax Act, as applicable.

 

		3.	Refundable Security Deposit:

 

The
Lessee has to pay the Lessor a refundable interest free security deposit of Rs. 30,00,000/- (Rupees Thirty Lakhs only) in
the following manner.

 

		a)	A
sum of Rs.5,00,000/- (Rupees Five Lakhs only) has to pay in favor of Lessor vide cheque No. 937052 dated 30/12/2013, Citi Bank
N.A., Begumpet, Hyderabad Branch as token SecurityDeposit.

 

		b)	A sum
                                         of Rs. 10,00,000/- (Rupees Ten Lakhs only) has to pay in favor of Lessor vide cheque
                                         No.937056 dated 15/01/2014. Citi Bank N.A.. Begumpet. Hyderabad Branch

 

		c)	A sum
                                         of Rs. 15,00,000/- (Rupees Ten Lakhs only) has to pay in favor of Lessor vide cheque
                                         No.937060 dated 15/02/2014, Citi Bank N.A., Begumpet, Hyderabad Branch

 

		3.1.	On
                                         due discharge of all the obligations of the Lessee to the Lessor in this Agreements,
                                         the said refundable security deposit shall be refunded at the end of the lease period
                                         or its prior determination by either party as per the terms of this agreement.

 

		4.	Term:

 

		4.1.	The
                                         term of the Lease is for a period 2 of (Two) Year from the date of commencement of the
                                         Rent. and

 

		4.2.	The
                                         First 24 months of the Lease from the date of first Rent starts including the notice
                                         period of three months period shall constitute the Lock in Period. The Lessee can terminate
                                         this Lease only as per the clause 4.3 on this agreement during the Lock in Period.

 

		4.3.	In
                                         the event that Lessee provides 3 months prior written notice to LESSOR within first 12
                                         month of Lock in Period of its intent to terminate this agreement, LESSEE agrees to pay
                                         the LESSOR, as liquidated damages, the sum equal to the unpaid rent for remaining Lock
                                         in Period and a sum of Rs.15,00,000/- (Rupees Fifteen Lakhs Only).

 

If
the Lessee provides 3 month prior written notice to LESSOR between 12 months and 24 months from the first rent starts during
the Lock in Period of its intent to terminate this agreement, LESSEE agrees to pay the LESSOR, as liquidated damages, a sum
of Rs. 15,00,000/- (Rupees Fifteen Lakhs Only).

 

		5.	Other Terms and Conditions:

 

		5.1.	Possession: The
                                         Lessor shall deliver the vacant possession along with fitouts of the Demised Premises
                                         on 15/02/2014.

 

		5.2.	Car parking: The Lessee
                                         agrees to be entitled to 13 covered car parking spaces as described in the Schedule B
                                         hereunder free of charge. If the Lessee requires extra car parks over and above the numbers
                                         specified, subject to availability, the same shall be offered at a monthly rental charge
                                         described by the PMA. The location of all car parks will as identified by the PMA.

 

 

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		5.3.	Power:
                                         The Lessor agrees to provide the Lessee a connected power load of 1 KVA for every
                                         125 sq ft. (Including the AC, lighting, common services & UPS). The power provided
                                         by the Lessor shall be available 24 hours a day and 7 days a week. The Lessee shall install
                                         the UPS at their own expense if required. If the Lessee chooses to have any additional
                                         power connections or increase the available power it shall do so at its own cost after
                                         having obtained the necessary sanctions from the concerned Authority. The Lessor will
                                         render necessary co-operation to the Lessee for further requirement of power, if any
                                         and the additional cost would be borne by the Lessee.

 

		5.4.	Water:
                                         The Lessor agrees to provide the demised premises during the period of lease adequate
                                         uninterrupted water supply.

 

		5.5.	Usage:
                                         The Lessor agrees to permit the Lessee to use the Demised Premises for use of its
                                         business activities including but not limited to the use as its corporate office, provided
                                         always no illegal or unlawful activities are carried out thereon. The Lessee or its affiliate,
                                         holding or subsidiary companies may be entitled to use the Demised Premises.

 

		5.6.	Inspection:

 

		5.6.1.	The
                                         Lessor would be entitled to inspect the Demised Premises during working hours, subject
                                         to 24 hours prior notice being given thereof to Lessee and consent of the Lessee and
                                         in the presence of a representative of the Lessee.
	 	 	 

		5.6.2.	The
                                         Lessee shall permit the Lessor or their agents to arrange for inspection of the unit
                                         by prospective tenants in short notice during the termination noticed period, and in
                                         the presence of a representative of the Lessee

 

		5.7.	Signage
                                         and Boards: The Lessor agrees to permit the Lessee to display suitable board and
                                         signs on the directory in the lobby, demised premises and Schedule A Property only at
                                         such locations and places and in sizes as identified by PMA for which the Lessor would
                                         have sought permission and nowhere else. Provided always, that the Lessee shall not be
                                         entitled or permitted to put up any hoarding for advertisement or for commercial gain
                                         in the Schedule Property. The Lessee shall not be entitled to put up any external signages
                                         on the facade of the Schedule B Property.

 

		5.8.	Alteration
                                         and improvements: In order to maintain a good faҫade on the exteriors and uniform
                                         interiors in the Sigma Soft-Tech Park, the Lessee shall not alter or make any changes
                                         (permanent) in the demised premises without the prior written consent of the Lessor and
                                         subject to the rules and regulations of Sigma Soft Tech Park. However the Lessee may
                                         install movables like computers, UPS etc to more fully use the demised premises. Provided
                                         always that the same is removed on Termination of this lease or its prior determination
                                         and the demised premises is put back in good condition subject to reasonable wear and
                                         tear.

 

		6.	Covenants
by the Lessor:

 

		6.1.	That
                                         the demised Premises are in good condition. The Lessor hereby represents and confirms
                                         that the “demised premises” are free from all kind of encumbrances.

 

		6.2.	That
                                         the amenities provided in the demised premises as mentioned in the Schedule hereto is
                                         in good working condition.

 

		6.3.	That
                                         the Lessor are entitled to receive the security deposit and lease rent directly from
                                         the Lessee.

 

		6.4.	That
                                         the Schedule A Property is constructed as per the statutory norms and has fulfilled all
                                         the statutory obligations and obtained necessary licenses and approvals.

 

		7.	Obligations
of the Lessor:

 

		7.1.	The
                                         Lessor will provide details of compliance with all statutory obligations undertaken to
                                         the Departments/ State Government to the Lessee as to construction of the Building on
                                         the demised premises as and when asked by the Lessee.

 

		7.2.	The
                                         Lessor agrees to pay and continue to pay the present and future Property Tax and all
                                         other dues and cess, license fee, local levies on the Schedule B Property which becomes
                                         payable, due their ownership of the Schedule B.

 

 

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		7.3.	Quiet
                                         Enjoyment: The Lessor represents and warrants that it has the full right and authority
                                         to execute this Agreement and a Deed of Lease and to grant the lease of the demised premises
                                         and hire the fit-outs, and that the Lessee, upon payment of the rent and performance
                                         of the covenants herein contained, shall peaceably and quietly hold, possess and enjoy
                                         the demised premises during the full term of the lease and any extensions thereof without
                                         any interruption, disturbance, claims or demands whatsoever by the Lessor or any other
                                         person(s) or entity/ client on its behalf. The Lessee shall have unlimited access to
                                         the demised premises 24 hours of the day, 7 days of the week with full infrastructure
                                         and facilities including security, parking and lifts. The Lessor shall duly observe and
                                         perform the obligations on their part herein contained, together with all obligations
                                         the Lessor may have under any other agreements, laws, rules or regulations affecting
                                         the Building or the Demised Premises including, without limitation, all governmental
                                         or ministerial laws, rules and regulations affecting the Building and/or the Demised
                                         Premises, and shall extend all their co-operation to enable the Lessee to fulfill the
                                         terms and conditions and obligations on its part.

 

		7.4.	Attornment:
                                         The Lessor specifically agrees and undertakes that in the event the demised premises
                                         are sold, transferred, mortgaged or conveyed to any third party by any of the Lessor,
                                         such transfer shall be expressly subject to the terms of this Agreement and the Lessee
                                         shall continue to be in possession of the demised premises and without any interruption
                                         or disturbance by the transferee and the Lease shall in no way be affected and the Lessor
                                         shall obtain a written acknowledgement to the effect that the transfer of the Schedule
                                         B Premises is subject to the terms and conditions of this Agreement including the refund
                                         of the Security Deposit and that the transferee undertakes to abide by and be bound by
                                         the same. In the event any or all of the Lessor selling either, the whole or part of
                                         the demised premises to any third party, then the purchasers of the whole or part of
                                         the demised premises, the Lessor and the Lessee shall execute such agreement as may be
                                         required by the Lessee to incorporate and bind the terms of these agreement to the purchasers
                                         of the said part or whole of the demised premises.

 

		8.	Obligations
of the Lessee:

 

		8.1.	The
                                         Lessee agrees to pay the electricity and Common Area Maintenance charges to the PMA as
                                         per bills raised by the PMA for usage of the same during the tenure of lease and shall
                                         enter into a agreement for services PMA.

 

		8.2.	The
                                         Lessee agrees to take reasonable care of the Schedule B Property and shall not damage,
                                         tamper with the amenities provided for by the Lessor and shall be liable to maintain
                                         the fitouts and carry out day to day repairs of the same at its own costs and expense.
                                         In the event of the fitouts being non repairable and damaged due to the negligence of
                                         the Lessee, Lessee shall replace the same at their costs. However fitouts being non repairable
                                         and damaged due to the normal wear and tear shall be replaced by the Lessor.

 

		8.3.	On
                                         the termination of the lease, the Lessee agrees to return the Demised Premises in good
                                         condition subject however to normal wear and tear for the period of lease.

 

		8.4.	Lessee
                                         shall not store in the Demised Premises any inflammable goods or articles which may endanger
                                         the demised premises, other than normal office supplies and such other materials required
                                         for the operations of the Lessee.

 

		9.	Execution
and Registration of Lease Deed

 

		9.1.	On
                                         the commencement of the lease period the Lessee and the Lessor shall execute a Lease
                                         Deed demising the Schedule B Property and Register the same with the jurisdictional Sub
                                         Registrar of Assurances if required.

 

		9.2.	The
                                         registration fee under the Registration Act and Stamp Duty under the Karnataka Stamp
                                         Duty Act shall be borne by the Lessee alone. Each party shall bear its own legal costs.
                                         The Lessee shall register this document within the time stipulated by the said Acts.
                                         However, the Lessor agrees to come forward for registering the Agreement as and when
                                         requested by the Lessee at the jurisdictional sub-registrar's office. The Lessor agree
                                         to cooperate by providing ail necessary documentation and other reasonable assistance
                                         to the Lessee to complete such formalities.

 

 

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		10.	Indemnities

 

		10.1.	The
                                         Lessor agree to indemnify the Lessee from any loss, expense or damage or loss in income
                                         or profit caused due to the breach of any of the terms, conditions, covenants and obligations
                                         by the Lessor.

 

		10.2.	The
                                         Lessor also agree to indemnify the Lessee from the cost and expenses and legal fees incurred
                                         by the Lessee for breach of any of Lessor obligations and the cost of taking part / initiating
                                         legal proceeding for protecting its assets due to such breach caused by the Lessor.

 

		11.	Terminations

 

		11.1.	Subject
                                         to the provisions of the Lock in period as above the Lease may be terminated as follows:

 

a)  By
efflux of Lease Period.

 

b)  By
either party in case of a breach of any of the terms and conditions mentioned herein by the other party and that the breach is
not rectified by the breaching party within 30 days from notice of such breach, from the enforcing party.

 

c)  By
the Lessor, in case of non-payment of rent by the Lessee, for Two consecutive months and that breach is not rectified by the breaching
party within 30 days from notice of such breach, from the enforcing party.

 

d)  By
the Lessee, if the Lessee is unable to use the Demised Premises due to acts of God.

 

		11.2.	On
                                         such determination or termination as per Clause 11.1,
                                         the Lessor have the right to take possession of the Schedule Property on refund
                                         of the Security deposit. The Lessee shall deliver back the Schedule B Property to the
                                         Lessor on, in good condition, subject only to normal wear and tear.

 

		11.3.	On
                                         expiry of this Lease Agreement, the Lessee has to remove all their materials immediately
                                         and deliver back the possession to the Lessor in a good condition. In the event the Lessee
                                         fails to vacate the Demised Premises, the Lessor have right to revise rent until the
                                         date of vacate the Demise Premises.

 

		11.4.	In
                                         the event the Lessor fail to refund the security deposit, subject to due compliance of
                                         terms and conditions of this lease by the Lessee, the Lessor shall be liable to pay to
                                         the Lessee interest at the rate of 18% per annum for the delayed period of refund. In
                                         such event, the Lessee shall continue to use the Schedule Property without paying any
                                         lease rent for the same.

 

		11.5.	On
                                         the termination of the Lease and refund of the security deposit by the Lessor and delivery
                                         of vacant possession of the demised premises by the Lessee and payment of dues if any
                                         by the Lessee arising out of this Agreement, the parties shall revert back to the position
                                         that they were, prior to the execution of this Agreement.

 

		11.6.	Provided
                                         always and notwithstanding anything to the contrary contained herein above and in any
                                         agreement entered in to subsequently between the parties hereto, in the event this Lease
                                         Agreement is determined or terminated prior to the end of the Lock in Period for any
                                         reason whatsoever due to any breach caused by the LESSOR and in the event LESSOR fails
                                         to rectify the breach within 30 (Thirty ) days written notice by the LESSEE of the such
                                         breach from LESSEE, then LESSEE is not liable to discharge its obligation to the LESSOR
                                         with regard to payment of the rent and any liquidated damages.

 

		12.	Amendments:

 

		12.1.	Any
                                         amendment to this Agreement should be in writing and signed by both the parties hereto.

 

		13.	Severability:

 

		13.1.	In
                                         case any clause or term in this Agreement is found to be unenforceable or illegal by
                                         any court of competent jurisdiction, the remainder of the Agreement shall be held to
                                         be enforceable and read as if such clause did not exist

 

 

    	Page 6 of 8

    	 

    

 

		14.	Notices:

 

		14.1.	Any
                                         notice to any party hereto shall be in writing and sent to their address for service
                                         as mentioned the preamble hereinabove.

 

		14.2.	A
                                         notice shall be sent in writing by registered post acknowledgement due/ Fax/ e-mail and
                                         be deemed served within 7 days from it being sent.

 

		15.	Dispute
                                         Resolutions

 

		15.1.	In
                                         the event there is any difference of opinion between the parties hereto arising due to
                                         this Agreement, they shall try to first meet and amicable resolve the said differences
                                         amongst themselves.

 

		15.2.	In
                                         case the parties hereto are unable to amicable resolve differences within a reasonable
                                         period of time and the dispute still persists, Lessor and Lessee will appoint their respective
                                         arbitrators who will in turn appoint chief arbitrator whose decision will be binding
                                         on both the parties to this agreement as provided under the Arbitration and Conciliation
                                         Act, 1996.

 

		15.3.	All
                                         such proceedings shall be held at Bangalore and conducted in English Language.

 

		15.4.	An
                                         enforcing party having complied with all the provisions of this Agreement shall have
                                         the right to seek for specific performance of this Agreement along with damages, interest
                                         and loss against the breaching party.

 

Schedule
A

 

All
that piece and parcel of the building named GAMMA BLOCK being part of the Sigma Soft Tech Park, built on Khata No.316-7/1 to 316-9/5-27
Ramagondanahalli, Varthur Hobli Bangalore, having built up area of approx. 1,90,000 Sq.ft and bounded on the;

 

	North by	:        Gamma
    Block
	South by	:        HAL
    - Varthur Main Road
	East by	:        Private
    Property
	West by	:        Beta
    Block

 

Schedule
B

 

All
that piece and parcel of the property, measuring 13500 Square Feet of super built up area situated in unit No G1007A, G1008A,
G1009A, G1010A, G1011A, G1012A, G1013, G1014A, G1014B, G1015, G1016, G1017, G1018, G1019, G1020 and G1021 on the tenth floor of
multi storied Building called Gamma Block in the Sigma Soft Tech Park, Ramagondanahalli Village, Varthur Hobli, Bangalore, together
with 13 covered car parking spaces.

 

ANNEXURE

Lessor
Scope of Work

 

	S. No	 	Description	 	Qty/Area	 	Price	 	Amount	 
	1	 	Reception table rennovation	 	1	 	20000	 	 	20,000.00	 
	2	 	Glass door (entrance)	 	1	 	23500	 	 	23,500.00	 
	3	 	Glass fixed panel	 	45	 	350	 	 	15,750.00	 
	4	 	Training room table (approx)	 	1	 	45000	 	 	45,000.00	 
	5	 	CEO table	 	1	 	35000	 	 	35,000.00	 
	6	 	Sofa	 	2	 	30000	 	 	60,000.00	 
	7	 	Wooden door	 	2	 	15000	 	 	30,000.00	 
	8	 	Manager table	 	2	 	25000	 	 	50,000.00	 
	9	 	Electrical work	 	 	 	 	 	 	50,000.00	 
	10	 	Data (add ons)	 	15	 	2250	 	 	33,750.00	 
	11	 	Voice	 	15	 	1750	 	 	26,250.00	 
	12	 	Discussion table	 	2	 	10000	 	 	20,000.00	 
	13	 	Conference table	 	1	 	45000	 	 	45,000.00	 
	14	 	Grid tiles (ceiling) approx	 	500	 	95	 	 	47,500.00	 
	15	 	Painting work	 	9500	 	10	 	 	95,000.00	 
	16	 	POP for Cabin	 	250	 	95	 	 	23,750.00	 
	17	 	Tile work for passage	 	1900	 	110	 	 	2,09,000.00	 
	18	 	Carpet	 	8000	 	95	 	 	7,60,000.00	 
	19	 	Chairs extra	 	25	 	4500	 	 	1,12,500.00	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	Total	 	 	 	 	 	 	17,02,000.00	 

 

Rupees Seventeen lakhs two thousand only

 

 

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In witness
whereof the parties above named sign this Agreement on the day, month and year first mentioned above solemnly agreeing to be bound
thereby

Signed and delivered by named Lessor

 

 

    	Page 8 of 8

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