LEASE AGREEMENT

This Agreement of lease made and executed on this 1st of August’2008 at Ghaziabad
By and Between Smt. Shureshwati resident of Opposite Ghaziabad Public School, Near IMR
Institute, Delhi – Meerut Road, Duhai, Dist. Ghaziabad. Herein after referred to as LESSOR
( which expression unless repugnant to its meaning or context, shall mean and include its
successors, agents, legal representatives, executors, administrators and assigners) of the one
part.

M/s JSIW Infrastructure Pvt Ltd having its registered office at 4,Asstt Mitre Estate,
Nr.Vadilal Factory, Dudheshwar Road, Ahmedabad-380004, Gujarat, represented by its
Planning Manager Mr. G R Das here in after referred to as the ‘Lessee’ (Which expression
unless repugnant to its meaning or context shall mean and include its successors, agents legal
representatives executors administrator and assignees) of the other part.

WHEREAS the afore mentioned LESSORS are absolute owners and possessed of the Above
Premises, more fully described in the schedule here under and hereinafter called as Premises.

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The LESSORS has represented to and assured Lessee That:
A. The LESSORS are the absolute owners and in exclusive possession of the said building
/ property where the ‘schedule Premises’ forming pert of.
B. The LESSORS has a clear and marketable title to the said building /property including
the schedule Premises, free fro all encumbrances
C. The Schedule Premises is vacant and no person or company or firm is in possession use
or occupation thereof
D. No suit litigation claim or dispute or any nature whatsoever relating to or concerning
the building / property or any part of there of pending o raised at any time by any
person or company or firm or authority
E. There has no been any branch or violation of any laws, rules or regulation in
construction the building /property including the schedule premises and all approval/
permission of the concerned authorities as required have been duly obtained
F. During the terms of this lease and its renewals LESSEE shall be able to peacefully any
lawful objection from any person or authority
G. The lessors shall strictly in letter and sprit abides by and complies with all the terms
and condition of these presents

Relying on the aforesaid representations and assurances and believing the same to be true
LESSEE has agreed to take on lease the schedule premises for there office or other
purposes on the terms and conditions set out therein

The LESSORS has agreed to let out and the Lessee has agreed to take on monthly rental
basis the schedule Premises for a period of 11 months commencing from 1st of
August’2008.

NOW THEREFORE THIS AGRERMENT OF LEASE WITNESSETH AS FOLLOWS:

1. PERIOD OF THE AGREEMENT:
That the lease shall be for a period of 11 months commencing from 01.08.2008 and
ending on 30.06.2009 and renewable at the option of the parties for further period on
mutually agreed terms and conditions.

2. PURPOSE OF THE AGREEMENT:

That the lessee shall use the premises for office only, and shall not make use of the
premises for other purposes without prior intimation to the LESSORS,

3. RENT AMOUNT AND MODE OF PAYMENT:

The LESSEE shall pay a monthly-consolidated rent of Rs.14000/- (Rupees Fourteen
Thousand only) and maintenance expenses of Rs. 6000/-, which shall be paid to the
LESSOR on or before 10th day of every calendar month. The mode of payment of the
rent shall be by way of cheque/DD such rent payable by LESSEE includes all levies
and shall be subject to tax deduction at source under the Income Tax Act, in the hands
of the LESSEE, as applicable, at prevailing rates. The LESSORS shall alone be
responsible for the payment of municipal taxes, property taxes and other taxes and
levies, present and future, payable in respect of the ‘schedule premises’.

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4. SECURITY DEPOSIT AND MODE OF REFUND:
The Lessee has to pay a total sum of Rs.20000/- (Rupees Twenty One Thousand Only)
(One Month Advance) in favor of the Lessor. The said security deposit is the Interest
free Refundable Security Deposit and the deposited shall be adjusted towards notice
period of rent and the balance amount if any will be refunded immediately at the time
of vacating the premises. It is agreed that the aforesaid two obligations shall be
discharges simultaneously, i.e. LESSEE will hand over vacant and peaceful possession
of the ‘Schedule Premises’ only against the LESSORS refunding in full the said
security deposit amount to LESSEE by means of Demand draft or pay order payable at
such place as LESSEE may intimate, if the LESSORS commits default in refund of the
said amount, during the period of such delay till repayment and in such an event the
lease hereby granted shall be deemed to have extended /renewed for the period upto
date on which the LESSORS pays all amounts due here under LESSSEE and LESSSEE
shall not be liable to pay any rent and/or any other charges arising out or in
consideration of the continued occupation of the ’schedule premises’ by LESSEE
because of the default on the part of the LESSORS in refunding the said security
deposit.

5. ELECTRICITY AND WATER CHARGES:

The Lessors will provide adequate electrical supply for the schedule premises. The
Lessee shall have to pay as per the electricity bill as per Meter reading.

The LESSORS will provide ground water (bore well) and municipal water to the
LESSEE. In the event of ground water failure (Non availability of ground water
even at greater depths ), the LESSEE shall make arrangements at their own cost.

6. PAYMENT OF TAXES:
Payment of taxes relating to the Scheduled Premises like Municipal tax /
Cantonment tax including property tax, ground rent, shall be made by LESSORS
in time

MAINTAINENCE OF PREMISES:
The Lessee shall maintain the Scheduled Premises in good, working and usable
condition at all times except that of natural wear and tear and replace any such items as
may be broken or lost due to lack of diligence or proper care or due to regular usage at
their (Lessee’s) own cost with prior intimation to the LESSORS.

7. ALTERNATIONS:
That the Lessee shall not make any structural additions, alternations or changes to the
said premises without obtaining the written consent of the lessors. That the Lessee shall
not cause any damage to the windows, walls, roof or flooring or any other part of the
said premises. In case any damage is done to the building or Fixtures, the Lessee shall
compensate the Lessor for the Same.

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 8. TERMINATION OF LEASE AGREEMENT AND REFUND OF SECURITY
DEPOSIT/ADVANCE
It is agreed that, the Lessee and Lessor shall have the option of terminating this
agreement of Lease with 1(One Month) notice in writing, without assigning any reason
thereof.

IN WITNESS WHEREOF THE PARTIES TO THISA AGREEMENT HAVE

SIGNED ON THE DAY, MONTH AND YEAR MENTIONED ABOVE AT
REASPECTIVE PLACES IN THE PRESENCE OF THE FOLLOWING ATTESTING
WITNESS.
For JSIW Infrastructure Pvt Ltd

(Smt. Shureshwati) (AUTHORISED SIGNATORY)

(LESSORS) (LESSEE)

WITNESS:

1)___________________________
2)_______________________________

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