LEASE DEED

This LEASE DEED made at ____________, Gujarat on this the ____ day of ____ -
______________________________________________________________;

BETWEEN

1)__________________________________________________(LESSOR No.1) and

2) ___________________ (LESSOR No.2) both of Ahmedabad Indian
________________________
_____________________________________________________________________
___________

______________________________________________________________hereinaft
er collective called "LESSORS" (which expression shall unless it be repugnant to the
context or meaning thereof mean and includes his/her/their heirs, executors,
administrators, legal representives, successors and/or permited assign) of the ONE
PART;

AND

____________________________________________________ A Banking
Company incorporated under the Companies Act, 1956 and having been granted
banking license under the provisions of section 5(c) of the banking regulation act,
1949 ( 10 of 1949) and having its registered office at -
___________________________________, 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 its successor or successor-in-interest,
subsidiaries, sister of group companies, associates, affiliates, permitted assigns and
legal representatives, etc) through its authorized signatory
__________________________________ of the OTHER PART;

WHEREAS in this deed, wherever the subject or context so permits or requires , the
words importing " singular " number shall include the " plural " number , and vice
versa; similarly, the word importing the " masculine " gender shall include the
feminine and " neuter " gender, likewise the words importing the " feminine " gender
shall include the " masculine " and " neuter " gender, and accordingly the words
importing the " neuter " gender shall include the " masculine " and " feminine "
gender.
LESSORS and LESSEE are hereafter collectively referred to as the " parties ".

RECITALS

WHEREAS the LESSORS has represented to the LESSEE that the LESSORS is
seized and possessed of and/or otherwise well and sufficiently entitled to as the
absolute owner of ALL THAT the piece or parcel of commercial property being
_________________________________ admeasuring in
____________________________________________________________________

_____________ constructed on leasehold land bearing final plot no. ____ part of town
planning scheme no.___ (allotted in lieu of survey no. ______ ) situate lying and
being at _____________________________________________, more particularly
described in the schedule-1 herein below and hereinafter referred to as " the said
property ", in a manner ree from all encumbramces and liabilities whatsoever or
howsoever and has a clean unrestricted and marketable right title and interest thereto
and is legally permitted and component to enter into this lease on the terms and
conditions contained hereto. The building kalpana complex in which the said propertu
situates, is hereinafter for the sake of brevity referred to as " the said building ";

AND WHEREAS the LESSORS has also represented to the LESSEE that the said
property has been constructed as per the approved plans only and is permitted by the
competent authority to be fit for use and occupation and is reserved/Approved for
commercial/office use ;
AND WHEREAS the LESSORS has represented to the LESSEE that it has obtained
all required statutory and other permissions, licenses, certificates, approvals for use
and occupancy of the said building; the LESSOR has further represented that all the
original title related documentes with respect to the said property are in absolute
possession and custody of bank of maharashtra,ambawadi branch ( hereinafter
referred to as the " mortgagee bank ")

AND WHEREAS the mortgagee bank has given the no objection certificate (NOC)
Dated ________________________ to the LESSOR to give the said property on lease
which the LESSOR shall be liable to keep subsisting and in force during the entire
tenure of this agreement and shall keep the LESSEE indemified towords the same.
AND WHEREAS the LESSEE has agreed to take on lease the said property for the
purpose of opening of one of its branch/office and conducting the banking and other
related business there from for a term of ___(In words _______) years.

AND WHEREAS based on the above representations made by the LESSORS and
beliving such representations to be true and correct and relying on full faith thereof,
LESSEE has agreed to take on lease the said property. subject to the terms and
conditions recorded in the articles as contained hereinafter and upon assurence of the
LESSORS that it shall strictly abide by the stipulations contained in this deed.

AND WHEREAS the LESSORS, upon assurance of the LESSEE that it shall abide by
the stipulations contained in this deed has agreed to give on lease to LESSEE the said
property on the terms and conditions recorded in the articles as contained hereinafter.

NOW, THEREFORE, THIS LEASE DEED WITNESSETH as follows:

the recitals hereinabove contained shall constitute an integral part of this lease deed.

ARTICLE 1

LEASE DURATION OF LEASE AND EXTENSION

A. In consideration of rent hereby reserved and subject to conditions to be

performed under this lease, the LESSORS hereby grants and the LESSEE
hereby takes on lease the said Property.

B. Subject to the provisions of this Deed, the lease of the said Property shall be
for a term of _________________.

C. The LESSEE shall, as the case may be, enjoy the lease of the said Property,
with right of use, along with other occupants of the said Building, The
common areas in the said Building.
 ARTICLE 2
COMMENCEMENT OF LEASE AND HANDINGOVER OF
THE SAID PROPERTY
A. The lease for the said Property shall commence from ___________________
or from the date of execution hereof, whichever is earlier.
B. The LESSEE shall be entitled to a rent-free period of _______________ Days
of the lease to carry out its renovation, modification work. Notwithstanding
anything contrary stated anywhere, the Rent shall commence only after 60
________________ days, either;

(i) from the date of execution hereof; or

(ii) from the date of possession of the said Property, whichever is earlier.

Hence Payment of the rent shall commence from _________________ only.

ARTICLE 3

RENT, SECURITY DEPOSITE AND TAXES

A. (i) It is hereby agreed that the LESSORS shall charge, and the LESSEE shall
pay to the LESSORS, monthly rent at the rate and in the manner as started in
SCHEDULE- 2 hereunder written.
(ii) The monthly rent so payable by the LESSEE to the LESSORS shall be
subject to applicable income-tax deductions at source and other
statutory deductions, if any, and such other adjustments as may be
agreed to under the Lease Deed.

(iii) The monthly rent of the said Property shall be payable by the LESSEE in
advance by the 10th day of every English Calendar month.

(iv) Service Tax if any applicable on monthly rent in respect of said Property
shall be borne and paid by the LESSEE to the LESSORS upon receipt of
invoice from the LESSORS. The LESSEE shall not be responsible, for
whatsoever reason, to pay/reimbursement the service tax amount in
 respect of invoices which are raised after 6 months or such period as
may be prescribed under CENVAT Credit Rules, 2004 from time to time
.in such cases, the LESSEE shall not be bear the service tax amount and
the LESSORS shall keep the LESSEE indemnified about the same. "

B. (i) The LESSEE has, in order to guarantee the due performance of all
its obligations enumerated in this Deed and in consideration of grant of
Lease of the said Property, agreed to deposit and maintain with the
LESSORS an Interest free Refundable Security Deposit as stated in the
SCHEDULE-2 hereunder and such interest free refundable security
deposit is payable by the LESSEE at the time of signing of this Lease
Deed.

(ii) The entire interest free refundable security deposit amount paid by the
LESSEE shall be refunded by the LESSORS to the LESSEE without any
interest , simultaneously upon the LESSEE surrendering peaceful, vacant
and physical possession of the said property on the expiry of the period
of Lease or earlier termination of the Lease, subject to such adjustments
of arrears of rent and such other charges as permitted in this Deed.
However, the LESSORS undertakes to inform the LESSEE in writing
the particulars of the amounts so adjusted from the said Interest Free
Refundable Security Deposit amount towards arrears of rent and other
charges permitted hereunder. In case of delay by the LESSORS in
refunding the said Interest Free Refundable Security Deposit amount to
the LESSEE, the LESSORS shall be liable to pay Interest to the
LESSEE at the rate of ____ per annum on the outstanding amount of
said Security Deposit with quarterly rests for such delayed period and
the LESSORS shall also be disentitled from asking the LESSEE to
handover the vacant possession of the said Property. further the
LESSEE shall, without prejudice to its other rights as may be available
in law, continue to occupy and withhold handing over of the possession
of the said Property till the said Security Deposit is refunded with
interest payable thereon, without any liability towards monthly rent or
any other charges whatsoever payable under this Lease deed.

(iii) It is expressly agreed by the LESSORS that they shall be jointly and
severally responsible for, including but not limited to, refund of entire
 Security Deposit to LESSEE on termission or sooner determination of
this Deed . it is further agreed and understood that refund of security
deposit by any of the individual LESSORS of the their respective
potation of the security deposit shall not be construed as refund of
Security Deposit within the meaning of this Deed unless the entire
security deposit is not refunded to LESSEE and in such event the
provisions related to consequences of non refund of security deposit,
shall become operative .

C. The LESSORS shall pay all present and future house tax , municipal rates and
property taxes, penalties or any taxes and charges with respect to said
Property which may be applicable or that may be imposed by or payable to any
statutory/local/central Government authority or body in respect of the said
Property . the LESSEE will not be liable in any manner whatsoever for the
payment or non-payment of the above amounts by the LESSORS and the
LESSORS shall during and for the tenure this Lease, keep the LESSEE
indemnified of the same, in case the LESSORS is unable to pay the any
outgoings to any authority/Institution in spite of being notified, then the
LESSEE shall have the right to pay such amounts singlehandedly to such
authority which shall be a right but not an obligation on the part of LESSEE
and the LESSEE shall have its sole liberty to adjust such costs and aforeaid
outgoings as may be applicable thereto from the Lease Rentals or from such
payables as pay be remitted by the LESSEE to the LESSORS for enabling
peaceful operation of the LESSEE from the said property. This discretion of the
LESSEE shall be without prejudice to any other rights that are available at law
or at equity.

D. Maintenance Charges/utility Charges, if any, Shall be payable by the LESSEE

direct to the agency in charge of the maintenance of the said Property/ said
Building.
 ARTICLE 4

OTHER OBLIGATIONS ON THE PART OF THE PARTIES

The Lessors hereby covenant with LESSEE as follows:

A. Notwithstanding anything contained anywhere, it is hereby agreed that for the

observance and performance of all the obligations of the LESSORS under this
Deed, all LESSORS shall be jointly and severally responsible.
B. The LESSEE shall keep the said property including the walls, floors, ceiling,
roof, and structure and the water and drainage mains and pipes and sanitarary
apparatus thereof in good, substantial repair and in property working order
and condition and wiring in the said Property in good repair and condition in
accordance with the Indian Electricity Act,2003 and the rules and regulations
there under as may be amended from time to time.

C. The LESSEE shall during the term of lease maintain the said Property in good
and habitable condition and shall execute all necessary repairs including white
washing colour washing paintings of walls/doors/window of the said building
and of common areas once in two years.

D. the LESSEE shall, subject to the power breakdown or shut down by the
concered authorities or any resonable cause beyond the control of the
LESSORS, ensure continuous and uninterrupted electricity supply to the said
property and other installations of other comon areas passages, compound
pertaining to the said building.

E. The LESSEE shall be entitled to carry out all civil and plumbing work like
demolition of wall building internal and of external staircases or such other
work as may be required by the LESSEE before commencement of the present
Deed, subject to written permission granted by the LESSORS to that effect.
The LESSEE shall also procure at their own cost all required permission and/or
license/s for carrying out such interior charges, addition, if any in the said
Property by the LESSEE from the relevant authorities at the earliest without
any delay for the same.

F The LESSORS hereby on this date state and deciare that they are the absolute
owners having the absolute rights and exclusive pssession inrespect of the said
 Property to deal in any manner and he/She is not entered into any agreement for
sale, mortgage, lien, lease, charge, etc. in respect of said Property and the said
Property is free from all encumbrancesof whatso ever nature, save and except
the charge of the Mortgagee bank, and subsequent to the execution of these
presents if any encumbrances is found in respect of said Property, the
LESSORS hereby undertakes to indemnify and keep indemnified the LESSEE
harmless for any loss or dammage that they may incur. The LESSORS
represents, declares and conform that he/they/ is/are the resident Indian/s under
the Indian Income Tax Laws. The LESSORS under tahkes to forthwith intimate
to the LESSEE in writing in event of any charge in his/her/their/ residential
status under Income Tax and/or any other Indian Laws.

G. The LESSORS hereby conform that he/she shall be liable in getting all the
requisite permissions as may be required by the LESSEE towards its peaceful
operations from the said property in pursuance to the Lease;

(i) In the event there is any order/directive by any authority directing

dispossession of the LESSEE from said Property for want of interalia
commercial permission then the LESSORS hereby undertakes to take all
necessary steps to regularize the same at the cost of the LESSORS and
thereby protecting the rights of the LESSEE as per the terms herein;

(ii) In the event the LESSORS fails to protect the rights of the LESSEE then
within ____________ days from such order or knowledge thereof, the
LESSEE shall have the right to take all such steps for not getting
dispossessed from the said Property which shall be the right but not an
obligation on part of KMBL) at the cost of the LESSORS;

The LESSEE hereby covenants with the LESSORS as follows:

H. The LESSEE shall pay the reserved rent on the days and in the manner
aforesaid.

I. The LESSEE shall, as the case may be, either pay directly to the authorities
concerned or to the LESSO-Rs all charges for and in connection with electricity
consumed in or upon the said Property as shown by the separate meter or
meters thereof and to pay the rent of such meter or meters. The IESSEE shall
keep the interior of
J. the said Property in good and tenantable repair and condition (reasonable wear
and tear and damage by earthquake, tempest or other acts of God or inevitable
accident or by irresistible force of nature always excepted).

K. The LESSEE shall not be do or cause to permit to be done upon carried on, any
lawful activities or any such activities in the said Property.

L. The LESEE shall not do or cause or permit to be done upon the said Property
anything, which may create or cause nuisance or harm or damage to the said Property
or to the other occupants in the said building save and except normal banking and its
ancillary usage.

M. The LESSIE shall be solely responsible for the insurance of its stock. Furniture,
Fixtures, fittings and equipment in the said property at its own;

N. The LESSEE shall be solely liable and responsible for all acts and omissions
of itself. Its employees servants, customers, visitors and agents and for all
claims of any nature whatsoever made against it and no such claim shall be
enforceable against the said property under any circumstances whatsoever.

O. The LESSEE shall be liable for all taxes as applicable on LESSEE's business
activities. The LESSEE shall regularly. and without any delay or default pay
charges of electricity, gas charges, cable charges, internet charges, water
charges etc., consumed by the LESSEE in the said property as per the
respective bills issued by the respective authorities

P. It shall comply with all applicable laws and regulations as prevalent in state of
Gujarat inclusive of prohibition etc, and shall not store/keep any prohibited
articles in the premises in violation of such laws.
 ARTICLE 5

TERMINATION OF LEASE

A. It lshereby agreed that the LESSEE shall have the sole option to terminate the
Lease at any time during the period of lease by searing upon the Lessons a
written Lease Termination Notice of 3 (Three) months to the same effect or by
paying 3 (Three) months rent in lieu thereof.

B. The LESSORS, During the term of the lease, shall not have any right to
terminate the lease. save and except as provided in clause 5(c) herein below.

C. in case the LESSEE fails to pay the rent for 2 (two) consecutive months then
the LESSONS shall serve a 30 days written notice to the LESSEE for
discharge of the due amounts. However, if the LESSEE still fails to discharge
its rent liablity on the expiry of the notice, the LESSORS at their discretion,
shall thereupon terminate ehe lease. The LESSEE. Shall also be liable to pay
the overdue payments along with interest @18% per annum and handover the
physical possession of the said Property to the LESSORS. The LESSORS
shall be further entitled to terminate the lease as soon as the LESSE cases to
carry on the permitted business farm the said Property.

D. The LESSEE, on the expiry or sooner termination of the Lease, shall be liable
to vacate the said property and handower the peaceful possession of the said
security Deposit by the LESSORS to the LESSEE. On falure of the LESSEE
to vacate the said Property except for on account of failure of LESSORS to
refund the said Security Deposit, the LESSEE shall be liable to pay to
LESSORS compensation equivelent to twice the rate of monthly rent payble at
the time of ternination of the lease.
 ARTICLE-6

SIGNAGE
A, The LESSEE shall have the right to display its name, logo coporate symbol on
the sign board(s) in and around the said Building and the said property at the
following locations, without any extra cost or rent or amounts payble to the
LESSORS:

(i) one signage on the entire focade of the said property. In case of corner
property signage will be installed on all visible sides of the said property.
(ii) One Lolly Poop/traffic stopper
(iii) 4 (Four) number of signage plates on the facode of the said prooerty.

ARTICLE-7

USAGE AND ACCESS

A. The LESSORS represents the the sald Property is permitted to be used for
office/Commercial purposes as per the applicable laws, rules and regulations
The LESSEE swill not use the said property for any other purpose, other othan
as specified in this Deed. The LESSORS undertakes to pay all property taxed
as applicable by the concerned authorities, for LESSEE, to use the said
property for office/commercial purpose.

B. It is hereby agreed that during the currence of the Lease Deed, the said
property shall be used for all activities necessary for carrying on the business
of LESSEE Such activities may, for the purposes of the Deed, be deemed to
include –but would not be limited to Banking, Automatic Teller Machine Cetre
and related Service, etc.

C. The said Property shall be used by the LESSEE only for its own use and for
those of its subsidiary/sister/joint venture/group companies or concerms.
Nothwithestanding anything contained herein, in the event of the LESSE
implementing any scheme of reconstruction, conveersion or other arrangement
ar consolldation, merger or amalgamantion or otherwise with any other entity,
neither will any pettion or resolution or oder for the same nor any chage in the
constitution of the LESSEE invalldate any provison of this Deed, and this
 Deed shall continue to operate as if this Deed had been signed by such new
entity/company.

D. The LESSEE shall also be entitled to allocate any potion in the said prooperty,
withou creation of any right thereto to companies/agencies that provide diredct
services to the LESSEE’s operation. The LESSEE shall have the right to
assign/permit part of the said Property during the subsistence of this
Agreement/Deed and any extensions threof to its group company(s) associate
companies, affilates, assigns.

E. Further Provided that all assigning/premited use right will be co-terminus with
the oexisting Less Deed between the LESSORS and the LESSEE and shall
stand automatically terminated on termination of this Lease Deed. The
LESSEE shall continue to be soley responsible to the LESSORS for the
performance and observance of all the terms and conditions of these persents.

F. The LESSE’s employee(s)/staff guests and visitors shall have unrestricted and
uniterrupted accss to the said property 24 (twenty-four) hours a day. During
the subsistence of the Lease Deed or any renewal or extension thereof. Further,
the LESSEE’s employee(s)/Staff, guests and visitors shall have to the right to
use the common areas such as the entrance areas, staireases, coridors, life etc.
leading to the said property along with the other tenants of the said Building at
all times during the substience of the Lease subjct to the payment of rent and
other charges by the LESSEE as sitpulted in the Deed.

G. The LESSORS shall provide car parking spaces in/around the said Building at
no extra cost or rent for the use of the LESSEE, and the LESSEE’S
employe(s)/staff shall have the right to use the said parking spece at ll times
during the subsistance of the Lease.

H. The LESSORS shall LESSE to carry out, at the cost of LESSE but without in
any way demaging the structure of the said Property, erection of internal
partitions and/or other internal alterations and additions, conmstruction of
storng rooms, as may necessary for the business of LESSEE further, the
LESSE shal be entitled to have fible opetic connectivity. Internet Connection,
Cable Connection or any other connection and to lay down wires, etc. For the
 same as may be required by the LESSEE for its business purposes, subject to
applicable rules and regultion.

I. The LESSORS shall provide adqeuate space on the roof top of the said
Building or at other convenient space there at as the case may be for LESSEE
for installation of the RF Tower/V-Sat Antenna at Rs. _________ (Rupees
_____________________________________) per month and to have
unfettered access to and from the said terrace/space for the purpose of putting
up or installing the said antenna and for the purposes of maintenance and
repair etc. Thereof. However, if any charges as payble for installation of
antenna to any authority/society agency the same shall be paid by the LESSE
the height of the RF Tower will be maximum of 20 mtrs.

J. The LESSEE shall have the right to install an Automated Teller Machine
(ATM) for Twenty-Four (24) hour use of the LESSE’S clients and customers
at any time of the right or day, in the said Property.

K. The LESSEE shall further be tneitled to additions and alterations required

permises for computerization, includeing calbling, permission for securing
addtional power requirments and installtioon of Local Area Network.

L. The LESSEE shall have right to install a Generator Set and the LESSORS
shall provide adequate space in the said property for installation of the same
without changing any extra cost.

M. Further the LESSE shall also at its own cost and charges be at liberty to
paind the said Property interneally and also to install in the said Property
domestice or eletric appliances other fittings and fixures including screens,
rasks, shelved or partitions, telephone lines communication and other
equipments, calbes, fixtures, fittings lights, fans and such conveniences
reasonable required by it for or in connection with the proper and full use
occupation and ejoyment of the said Property for office purposes. The
LESSEE shall be entitled at any time during the contination of the lease
period and upon its expiry or earliller revocation or termination to remove at
its cost and expense all or any of the foregoing without causing any dammage
to the said Property normal wear and tear excepted.
 Further Provided that the LESSEE shall upon vacating therefore Property
remove such fittingsand fixtures owned and installed by the LESSEE (fit-outs)
and LESSEE witll not be reponsible for any loss on account of any such
removal however the LESEE shall provide the clear four wall structure and
hand over the said Property in habitable condition (normal wear and tear
excepted).

N. The LESSORS shall have no objection to LESSEE installing servo stablizer,

electical and AC Pandl with the said Property.

O. The LESSEE shall attend to all day to day and minor repairs including fuses,
fittings and fixture including leakage of water taps etc. At is own cose, but
major structural repairs such as leakeges of roof, any cracks in the walls shall
be attended to promptly within eight hourse and rectified within minumum
time by the LESSORS at its own cost. If the LESSORS does not and/or, for
any reasons, is not able to attend to such repair as pointed out by the LESSE in
writng withn two days than the LESSEE may get the repairs done on its own
and deduct the cost from the rent payble under the Leage.

P. It is specifically agreed between the parties that requirsite permissions, if any,

for carrying out any internal charges, repairs, addtions alterations coustruction
of strong rooms etc, by the LESSEE shall be obtained by the LESSEE at its
own costs. Further the LESSEE shall abide by and perform all applicable rules
and bye-laws and ll legal conditiuons and obligations applicable to the use of
the said Property.

Q. The LESSORS and its authorized agants shall be permitted to enter the said
Property for the purpose of inspection and maintenance of the said Property
during normal business hours and only after prial written notice of 48 (forty-
eight)hours for the same by the LESSORS.

R. The LESSES shall have the right to use the open apsce in compound for
stacking materials, debric, etc, during the course the interor decoration work or
any renovatian/s of the interior of the and only after that may be undertaken by
the LESSEE whitout in any way causing nuisance or annoyance to other
 occupants of the said Building.

S. The LESSEE shall have the right to improve the said Property and make
alterations as per their designs and specifications, subject to prior written
permission from the LESSORS further, the LESSOR shall pay an amount of
Rs.__________ (Rupees for ___________________________________ Only)
to the Lease/Vendor appointed by the Lessess for doing the Lessors scope of
civil of civil work. In addition to the above the Lessor shall provide to the
LESSEE with the following in the said Property at no extra costs

i. The LESSORS shall provide space for 6 (Six) number of earth pits ouside the
said property.

ii. The LESSORS shall provide for water connection and connection form
overthead water tank.

iii. The LESSORS shall provide plumbling and drainage point;

iv. The structed stabillity certificate if applicable shall be provided by. The
LESSORS for constructon of stong room and installation of generator set. If
anuy structure strengthening is to be done then the same shall be done by the
LESSORS at their own coast.

v. The LESSORS shall take all necessary permissions or steps to ensure hassle
free work during the interior fit-outs

ARTICLE-8
ELECTRICITY CONNECTION AND CHARGES

A. The LESSORS shall arrange to provide 25 KW (30 KVA) 3 phase of electric

load for the said Property for the exclusie use of the LESSEE.

B. The LESSEE garees to pay during the period of lease the charges for the
electricity consumed in the said Property as per mater reading of the separate
electric meter provided for thie purpose by the ______________ for the said
Property as per commericial rates of the concerned electirical supplying
 authority.

C. In case the LESSE desires to get addtional load of electricity for the said
Property sanctioned from concerned electricity supplying authority or any
other apporpriate authority, the LESSEE shall tet the same at its own cost and
the LESSORS will give a no objection letter for the same. It is agreed and
understood that if for taking such additional load the LESSEE is required to
pay any Deposit to the authorities, than at the termination of the lease the
LESSEE shall be entitled to refund of the same from the electricity authorities
and the LESSORS shall render all help and co-operation to the LESSEE for
the same.

D. The LESSORS and the LESSEE undertake not to do any act or omit to do
any act or thing which may interupt or disconnect the electircity of the other in
the said building/said property.

ARTICLE-9
INSURANCE AND SAFETY

A. The LESSEE may, if it wishes. Obtain at its own cost, any insurance sover in
respect of googds and belongings in the said property and in respect of a
claim under such insurance the LESSEE shall only be entitled to receive and
retain any amount settled by the insurer.

B. it is hereby agreed that the LESSORS shall neither do nor permit to be done
any act or thing. Which may render void or voidable anu isurance of the said
property. In the event the LESSORS does or permits to be done any act or
thing, which may render void voidable any issurance of the said Property.
then LESSORS shall be liable to pay demages with respect to the same to the
LESSEE.
 ARTICLE-10
PEACEFUL ENJOYMENT OF THE PROPERTY

A. In condideration of the rent herein agreed and all payments as payble to the
LESSORS being paid by the LESSEE regularly and other terms and
conditions and convents as cast on the LESSEE being observed and perfomed
by the LESSEE, the LESSEE shall pacefully enjoy the said property during
the lease period and its extension if any, without any interruption by the
LESSORS or any other person. The LESSORS agrees and undertakes to
ensure that the LESSEE witl have quiet and peaceful posseession of the said
property, without any kind of hindrance whatsover subject to the LESSEE’S
compllance of terms and conditions of this lease deed.

ARTICLE-11

INDEMENFICATION

A. It is hereby agreed that the LESSORS shall keep the LESSEE ideanitified and
harmless in the repscts on account of any negiliance on the part of the
LESSORS or his employees or authority agents.

B. It is hereby further agreed that the LESSORS shall keep LESSEE idemnified
and hold herenless, against all claims, actual losses regonsable damages, costs
expenses on accout of any infimity or defect in the statutory requirments or on
account of any defect in construction or not being constructed as per the
approved plans or not being permitted for commercial use with repsect to the
said property and/or the said building

C. The LESSORS shall keep the LESSEE saved harmless and idemnified against
any such loss, damages, expenses, claims, actions, if the LESSORS act or omit
to act in any way in respect of the said Property relating to their title, ukeep,
maintenance, isurance, taxed government charges and other levies whereby the
use there of LESSEE as per provisions of this Leas Deed is adversely affected.
D. The LESSORS have respreented that they are the lawful Dwners and fully and
totally entitled to, saized and possessed of the said Property free from all
encumberances whatsover and that there is no charge, mortage trust etc.
Thereon, save and except the charge of the Mortage Bank, and the LESSORS
shall keep the LESSEE saved, harmless and indeminifed against any such loss,
damages rexpeses, claims, actons with the LESSEE may suffer on accotant of
such representation of the LESSORS.

E. The LESSORS hereby agree and undertake to indiminify and keep the
LESSEE fully indeminified, saved and hamless of, from and against all loss,
costs damage expense, risk and and all consequences that might arise to the
LESSEE on aacount of any suits, notice, non payment of taxes, any loan
repayments insurance and/or any defect in title to the said Property, any
infirmity/defect in the statutory requirment in repsct of the said Property and/or
any declaration, statement or asuance being incorect and/or any declaration
statement or assurance being incorect and/or any beach by LESSORS of any
declaration, statement assuarcne of convenant herein and/or on account of any
non-performance of non-observance or breach by LESSORS of any terms,
cluase, claim demand or risk arising to the LESEE with reference to the
LESSORS here by agree and undertakes to indeminify and keep the LESSEE
fully indeminifled, of from all costs damage, expense in management cost
shifting costs and all other costs including but not limited to loss of goodwill
which the LESSEE may suffer upon the LESSOR’s unable to provide
peaceful use and occupation of the said Property to the LESSEE on any act,
ormission conduct of the LESSOORS in the event of such occurrence the
LESSEE shall intimate to the LESSORS and the LESSORS shall forwith
clear all defects in title/unlawful interfence to the said perperty. In spite of
notice if LESSORS still fails to clear such defects then the LESSEE shall have
its sole liberty to adjuct any such costs as may be applicable there to from the
lease Rentals or from such payble as may be remitted by the LESSEE to the
LESSORS for enablind peaceful operation of the LESSE from the said
property, such payment so to be made by LESSEE shal be at iuts sole
discreation and not an obligation or part of the LESSEE. Notwithstanding
anything mentioned herein the LESSEE shal have the sole right to with hold
 the payment of such lease renatls or any paybles to the Peroperty is renestaed
to the satisfaction of the LESSEE. This descretion of the LESSE shall be
witout prejudict to any other rights that are available at law or at equity.

ARTICLE 12

LEGAL FORMALIATIES

A. It is hereby agreed that the LESSSORS shall provide to the LESSEE’S Legal
Counsel,copy of all relevant documents and assistance as may be required by
LESSEE .

ARTICLE 13

CHARGE ON PROPERTY

A. It is agreed that in the event the LESSORS Sells and/or transfers Its reght title and
interest in the said Property or any part or share theereof to any third party or
paarties, the said sale and/or transfer of lsuch right title and interest shall be subject
to the rights of the LESSEE contained herein, Further the LESSEE shall be
Intimated of any such proposal of sale and/or transfer by the LESSORS before
hand.

B. It is further,agreed between the LESSORS and the LESSEE, that with prior written
intimation to the LESSEE the LESSORS shall shall have right to
sell,mortgage,lien and/or transless its right title and interest in the said Propoerty or
;any part or ;share thereof ;to any third party or parties. Further, the
Sale/Transfer/Conveyance Deed/Moretgage Deed/etc. which may be executed in
respect of the said Property in favour of any third party, shall specifically contain a
 clause that the LESSEE is in possession of the said Property by virtue of the
present lease Deed and the said third party (the intended transferee of the said
Property) shall abide by the provisions of the present or extended LEasesDeed.The
said Security Deposit paid by the LESSEE to the LESSORS in terms of this lease
shall then be transferred to the Transferee. Further the LESSORS shall solely bear
and pay all charges leveies duties including stamp duty prescribed by the LESSEE
herein in relation to or ;in connection with ;such sale, mortgage, charge or ;thedir
poarty lrights including towards attomment of the present terms and conditions by
the intgended purchasor/ transsferee.

C. It is further agred between the LESSORS and the LESSEE that in the event of
transfer of the said Property as a whole or in parts tghereof, during the subsistence
of the present lease,to any one or more than one person, all the ;transferees,
collectively, to any one by the poresent lease and in case any one of ;lthe
;tgransferee singly, refunding prorata his or lher share of the Security Deposit,
he/she/its portion lof ;the lsaid Property/said Building, as the case may be
Irrespective ;of any sale of the said Property, in part or as a whole, the lease of the
said Property shall continue to be only one lease for all lInterest and purposes, and
;shall not be servered,

D. The LESSORS shall also arrange a letter and/or any such documents as may be
prescribed by the LESSEE from the purchaser or transferee confirming acceptance
of the terms and conditions of lthe present lease and of ;ltransdfer of security
deposit to it.
 ARTICLE 14

FORCER MAJEURE

A. It is hereby agreed that in the event the said Property or any part thereof being
destroyed or damaged for reasons beyond the control of the LESSEE or force
majeure conditions so as to render the said property unfit for the purpose for
which the same was leased or if the LESSEE is prevented from using the same
for a period of thirty daYS due to any of the above mentioned reasons or due
to any action or regulation of any concerned authority then, the LESSEE shall
have the option ltgo determine this Lease Deed without suffering any
damages.The LESSORS shall thereupon refund to the LESSEE without any
interest all moneys after adjustingarrears of rent and other ;such charges as
permitted under this Deed, if however,payment is made later than fifteen (15)
days from the date of l such determination by the LESSORS to the LESSEE,
such refund shall carry interest @______% per month with quarterly rests.The
LESSEE shall be entitled to retain the actual or constructive possession of the
said Property till the security deposit is refunded to the LESSEE without being
liable to pay rent or any other charges during the period of such retention.

B. Provided that no rent or any other charges shall be payable to the LESSORS
BY THE LESSEE FOR such period of theirty days for which the LESSEE is
prevented from using the said Property or any part thereof.
 ARTICLE 15

WAIVER

A. It is hereby agreed that failure of either party to anforce at any time or for any
period of time the terms and conditions contgained herein shall not be
construed to be waaiver of any of the terms and conditions or of the right
thereafter to enforce each and every term and condition of this Deed.

ARTICLE 16

ENTIRE AGREEMENT

A. THIS lease deed shall, from the datge of signature thereof,operate in

substitution of all terms,conditions, understandings previously agreed to
or in force between the LESSORS and tgher LESSEE (which shall be
cleemed to have been lterminated by mutual consent as from the said date or
signature) but without porejudice to the rights liabilitgies and obligations (if
any) of either party accured prior to at date.

ARTICLE 17

SEVERABILITY

A. If any terms or provision in this Deed shall be held to be illegal or

unenforceable, in whole or in part,under any enactment or rule of law, such
tgerm or provision orf part thereof shall, to that extent, be deemed not to form
part of ;ltghis Deed but, the validity and enlorceability of the reminder of this
Deed shall not be affected.
 ARTICLE 18

NOTICE

A. Any notice or other communications required or permitted in terms of

these
Presents shall be deemed to have been duly served if (a) delivered in
person or (b) sent by registered or certified mail,return receipt requested,
and addressed as follows.

If to LESSEE

If to LESSORS

Or if sent to such substituted address as any of the Parties has given to the
others in writing in accordance with this Article.

ARTICLE 19

EXPENSES

A. The Parties hereto shall bear their own costs and experses for the
investifations, negotiations and examinations contgemplated by this
transaction, including costs of their respective accountants and attorneys
or any other Legal expenses.
B. Expenses relating to execution and registration of Lease Deed (including
stamp duty, registration Charges and miscellaneous expenses) shall be borne
by the LESSORS and the LESSESS, equality. However, in case the LESSORS
fails to descharge its obligation to bear or pay his/her/share in trhe aforesaid
expenses relating to execution and registgration of prfesent Lease Deed,the
LESSEE shall have a right to deduct the same from the amounts payable by
LESSEE to LESSORS under To fhe present Lease Deed.

ARTICLE 20

HEADINGS

A. The headings in this Deed have been included solely for case of
reference and shall not be considered in the intgerpretation or
constructions of this Deed.

ARTICLES 22

SUCCESSORS AND ASSIGNS ASSIGMENT

A. This Deed shall benefit and bind the LESSORS and the LESSEE and
their respective successors and permitred assigns. No Party to this Deed
shall assign its rights, obligations or interests herein including, without
limitation, mornies under this Deed without the prior written consent of
the Other Party except as agreed in Article 7.
 ARTICLE 23

JURISDICTION

A. Any dispute arising howsoever in connection with lthe interpretation or

implementation or purpoted termination of this Deed, the Parties shall
attempt in the first instance to rfesolve such dispute by friendly
consulations,

B. If such dispute is not resolved through friendly consultations within thirty

(30) days after commencement of discussions or such longer period as the
Parties agree to in writing then any Party may refer the disute for
rfesolution by arbitration in accordance with the reovisions of Clasue 23 ©

C. All such disute shall be referred to and finally resolved by arbirtration by

a sole arbitrator to be apointed by the LESSEE and the LESSOR by
mutual consent.The arbitrationprocedings staff be conducted in
accordance with the Arbitration and Concillation Act. 1996 as may be
applicable from time to time or any other enactment replacing it. The
language of the arbitration shall be English.

D. The arbitration Award shall be final and bindingb on the parties the
parties agree to be bound thereby and to act accordingly.

E. Each party shall bear its costs of such Arbitration When any dispute is
under arbitration, except for the matters under dispute, the parties shall
 continue to exercise their remaining respective rights and fulfill their
remaining rfespective obligations under this Deed to the extent practicable.

F. The place of arbitration shall be ____________ and any award made

whether interim or final shall be deemed for all puirposes beteen the
Parties to be made, in ______________

ARTICLE 24

MISCELLANEOUS

A, Modifications The terms of this Lease Deed shall not be altered or added
to

and nor shall anything be omitted there from except by means of a

Supplementary Deed in writingv duly signed by the parties hereto.

B. Original Lease: It has been agreed betgween the LESSORS and the
LESSEE that the original Lease Deed shall be kept with the LESSEE.

SCHEDULE -1

DETAILS OF POREMISES

ALL THAT piece and parcel of commercial property

being___________________________________________in aggregate to 1198
Sq.ft. carpet on the ground floor of the building known
as___________________constgructed on leasehold land bearing Final Plot
No.________________ Planning
scheme________________________________________situate lying and ;being
at Mouje___________________________Taluka City,
District_________________ as more splecifically shown in ‘RED colour in the
plan attached to these presents. The said Property is surrounded on four sides
in the manner as follows.

On the NORTH by :______________________________

On the SOUTH by :___________________________

On the EAST by :______________________________

On the WEST by :__________________________

 SCHEDULE -2

DETAIL OF RENT AND SECURITY DEPOSIT

LESSORS % age of Security

Rent/ D EPOSIT Monthly Rent for
Security
Deposit First 36 Next 36 Last 36
months of months of months of
Shwring lease term the lease
Lease of escalltion term
By the lease term @15%) (escalation
LESSORS from from @15%)
___________ __________ From
to _________
to
___________ ___________ To
__________
50% Rs.4,80,000/- Rs.80,000/- Rs.92000/- Rs.1,05,800/-
(Rupees (Rupees
(Rupees Eighty Ninety Two (Rupees One
Eighty Thousand Thousand Lakh Five
thousand only) only) Thousand
only)
Eight
Hundred
only)
Rs.9,60,000/- Rs.1,60,000/- Rs.1,84,000/- Rs.2,11,600/-
(Rupees One (Rupees One (Rupees
TOTAL 100% (Rupees lakh Sixty Lakh Eighty Two Lakh
Nine Lakh Thousand Four Eleven
Sixty Thousand Thousand
only)
Thousand Six
only)
only) Hundred
only)
In WITNESS WHEREOF ,each of the Parties heretgo has caused this Deed to
be executed as of lthe date first writtewn above.

SIGNED AND DELIVERED by

The LESSORS

_____________________________________

(LESSOR NO.1)

____________________________________

(LESSOR NO.2)

Witness:

1.

2.

SIGNED AND DELIVERED

For LESSEE BY

ON BEHALF OF_______________Pursuant Resolution

Of the Premisers C0mmittee dated…

Witness:

1. 2.

As per Section 32 A() of the Reportration Act, the photographs of the

LESSEE and thereto for identification

LESSORS

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LESSEE