Common use of Term of the Lease Clause in Contracts

Term of the Lease. 8.1. The Lessor hereby leases the Leased Property to the Lessee, and the Lessee hereby leases the Leased Property from the Lessor, in an unprotected lease, for the term set forth in Appendix J to this Agreement, which shall commence as of the date of the signing of this Agreement (hereinafter: the “Initial Term”). The Leased Property shall be vacant of all tenants at such time. The Lessor undertakes that as of the Date of Transfer of Physical Possession, as defined in Appendix J, the Leased Property shall be fit for occupation by the Lessee, after completion of the customization works, vacant of all people and objects, with all systems in the Leased Property functioning properly and in working order and with the Leased Property clean of all construction debris. 8.2. The Lessee shall have the option to extend the Term of the Lease for an additional period (or periods, one period at a time), as set forth and defined in Appendix J to this Agreement, which, subject to the prior fulfillment of the provisions of sections 8.3 and 8.4 below, shall begin immediately following the culmination of the Initial Term (hereinafter: the “Additional Terms”). 8.3. Each option for extension of the Term of the Lease as set forth in this section 8 and in Appendix J is contingent on the Lessee’s complete fulfillment for the duration of the Term of the Lease prior to the relevant extension of all of its undertakings toward the Lessor and/or anyone acting on its behalf and/or the Management Company under this Agreement in a full and timely manner, including, without derogating from the generality of the aforesaid, the Lessee having made all of the payments that it is obligated to make under this Agreement in full and the Lessee not having committed a material breach of this Agreement, as well as there not being any pending legal proceedings and/or other arbitration proceedings between the parties with respect to any of the Lessee’s obligations under this Agreement and/or one of its appendices. Moreover, each option for extension is subject to the Lessee, prior to the end of the relevant Term of the Lease, extending the validity of all of the security interests provided by the Lessee to the Lessor under this Agreement so that such interests remain fully valid for the duration of the Additional Term. 8.4. Subject to the terms set forth in section 8.3 above and as set forth in Appendix J, each option for the extension of the Term of the Lease shall exercise automatically, unless the Lessee notifies the Lessor in writing by registered mail of the Lessee’s intention not to exercise an option for an Additional Term and such notice is received by the Lessor at least 180 days prior to the end of the relevant Term of the Lease. 8.5. The Lessee shall not have the right to terminate the Lease and/or vacate the Leased Property. However, nothing in the foregoing shall derogate from the Lessor’s right under this Agreement and/or under applicable law to instruct the Lessee to vacate the Leased Property. In the event that despite the aforesaid the Lessee vacates the Leased Property prior to the end of the Term of the Lease, or ceases to conduct its business in the Leased Property, such action shall not relieve the Lessee of its obligations under this Agreement, in whole or in part, and the Lessee shall be obligated to make all of the payments applicable to it under this Agreement until the end of the Term of the Lease, provided that the Lessor took reasonable measures to minimize any damages.

Term of the Lease. 8.11. The In consideration of the rent to be paid and other covenants, stated herein after, to be observed and performed, the Lessor hereby leases the Leased Property grants to the Lessee, and the Lessee hereby leases the Leased Property accepts from the Lessor, in an unprotected leasethe lease of the Demised Premises for carrying on Permitted Activities, for with 31 (thirty one) allotted car parking spaces at no extra cost basis, on the term terms and conditions set forth in Appendix J this Deed for an Initial Term of 3 (Three) years, starting from the RENT COMMENCEMENT DATE (defined as under), subject to further renewal, as may be mutually agreed between the Parties in writing (hereinafter referred to as the “Term”). 2. This Deed of Lease shall be deemed to have commenced from the date of execution of this Agreement, which Deed (hereinafter referred to as the “Lease Commencement Date”). RENT COMMENCEMENT DATE shall commence as start from handing over physical possession of the Demised Premises to the Lessee OR till completion of 75 Days from the date of the signing Lessor having accepted and acknowledged the Lol dated July 02, 2012 (issued by the Lessee), whichever is earlier and subject to the clause III (1) below. During the aforesaid seventy five (75) days period, the Lessee shall not be liable to pay the Rent, Common Maintenance Charges and other charges. Further, during the said period, Lessor shall carry out fit-out renovation at its own cost and expense and as per the mutually agreed plans and details. The obligation of the Lessee to pay the Rent and the Common Maintenance and any other such Charges shall commence from Rent Commencement Date and as per following details: • For Second Floor (SF) Super Area of 38600 Sq. Ft., with effect from “Rent Commencement Date”. 3. The Initial Term of this Agreement Deed shall be 3 (hereinafter: three) years (hereinafter referred to as the “Initial Term” or “the Term”)) from the Rent Commencement Date. 4. The Leased Property renewal options mentioned above shall be vacant arrived at mutually by and between the Parties herein and in eventuality of all tenants at such timeLessee opting to renew the Lease Deed for further Term, the Parties shall execute and register a fresh lease deed accordingly. 5. The Lessor undertakes confirms that it has the right, power and competence to lease the Demised Premises to the Lessee, for use as office/back-office to carry out Permitted Activities. The Lessor has represented and warranted to the Lessee that as of date hereof there is no legal, regulatory or other impediment to the Date Lessee’s use of Transfer the Demised Premises for Permitted Activities during the Initial Term. In the event, in future, if any Law, rules or regulations would require specific permission from any Government, Statutory or Local Authorities with regard to use of Physical Possession, as defined in Appendix Jthe Demised Premises by the Lessee for carrying on the Permitted Activities, the Leased Property shall said permissions shall, upon request of the Lessee, be fit for occupation obtained by the Lessor at its own cost and expenses. 6. Use of the Demised Premises by the Lessee, after completion subject to the terms and conditions of this Deed, shall consist of (i) the exclusive use by the Lessee of the customization works, vacant of all people Demised Premises: and objects, with all systems in (ii) non-exclusive use by the Leased Property functioning properly and in working order and with the Leased Property clean of all construction debris. 8.2. The Lessee shall have the option to extend the Term of the Lease for an additional period common areas of the Building on a 365 days a year, twenty four (or periods, one period at 24) hours a timeday. Seven (7) days a week basis (hereinafter referred to as “24/7/365”), as set forth without hindrance, obstruction by Lessor including anybody claiming under or through the Lessor, and defined in Appendix J to this Agreement, whichat no extra charge, subject to applicable payments as provided under this Deed. However the prior fulfillment common area maintenance and some of the provisions of sections 8.3 common area services might not become available full-fledged on every Sunday and 8.4 below, shall begin immediately following the culmination of the Initial Term (hereinafter: the “Additional Terms”). 8.3. Each option for extension of the Term of the Lease as set forth in this section 8 and in Appendix J is contingent on the Lessee’s complete fulfillment for the duration of the Term of the Lease prior to the relevant extension of all of its undertakings toward the Lessor and/or anyone acting on its behalf and/or the Management Company under this Agreement in a full and timely manner, including, without derogating from the generality of the aforesaid, the Lessee having made all of the payments that it is obligated to make under this Agreement in full and the Lessee not having committed a material breach of this Agreement, as well as there not being any pending legal proceedings and/or other arbitration proceedings between the parties with respect to any of the Lessee’s obligations under this Agreement and/or one of its appendices. Moreover, each option for extension is subject to the Lessee, prior to the end of the relevant Term of the Lease, extending the validity of all of the security interests provided by the Lessee to the Lessor under this Agreement so that such interests remain fully valid for the duration of the Additional Term. 8.4. Subject to the terms set forth in section 8.3 above and as set forth in Appendix J, each option for the extension of the Term of the Lease shall exercise automatically, unless the Lessee notifies the Lessor in writing by registered mail of the Lessee’s intention not to exercise an option for an Additional Term and such notice is received by the Lessor at least 180 days prior to the end of the relevant Term of the Lease. 8.5. The Lessee shall not have the right to terminate the Lease and/or vacate the Leased Propertydeclared national holidays. However, nothing in the foregoing shall derogate from the Lessor’s right under this Agreement and/or under applicable law to instruct case the Lessee forwards advance written request of forty eight (48) hours on specific occasions to vacate the Leased Property. In the event that despite the aforesaid the Lessee vacates the Leased Property prior to the end of the Term of the LeaseLessor for making full common services available on any Sunday, or ceases to conduct its business in the Leased Property, such action shall not relieve the Lessee of its obligations under this Agreement, in whole or in part, and the Lessee shall be obligated to make all of the payments applicable to it under this Agreement until the end of the Term of the Lease, provided that the Lessor took reasonable measures shall do so on case to minimize any damagescase basis.

Term of the Lease. 8.16.1 The lessor hereby leases to the lessee and the lessee hereby leases from the lessor the Leased Premises for a period beginning on the date when the Leased Premises are made available to the lessee to carry out the Finishing Work (hereinafter "THE DAY OF HANDOVER OF POSSESSION") and concluding on December 31, 2005 (hereinafter "THE TERM OF THE LEASE"). The Lessor hereby leases lessee shall be entitled to enter the Leased Property Premises to the Lessee, and the Lessee hereby leases the Leased Property carry out Finishing Work from the Lessor, in an unprotected lease, for the term set forth in Appendix J to this Agreement, which shall commence as of the date of the signing of this Agreement (hereinafter: the “Initial Term”). present contract and pursuant to compliance with all of the conditions stated in section 5 above, on condition that the Rent for the first period of the Tenancy has been paid and a bank Guarantee conveyed as stated in section 7.5 below. 6.2 The Leased Property term of the present contract shall be vacant of all tenants at such time. The Lessor undertakes that as of the Date of Transfer of Physical Possession, as defined in Appendix J, the Leased Property shall be fit for occupation by the Lessee, after completion of the customization works, vacant of all people and objects, with all systems in the Leased Property functioning properly and in working order and with the Leased Property clean of all construction debris. 8.2. The Lessee shall have the option to extend the Term of the Lease extended for an additional period (or periodsfive years, one period at a time), as set forth and defined in Appendix J to this Agreement, which, subject to the prior fulfillment of the provisions of sections 8.3 and 8.4 below, shall begin immediately following the culmination of the Initial Term (hereinafter: the “Additional Terms”). 8.3. Each option for extension of the Term of the Lease as set forth in this section 8 and in Appendix J is contingent on the Lessee’s complete fulfillment for the duration of the Term of the Lease prior to the relevant extension of all of its undertakings toward the Lessor and/or anyone acting on its behalf and/or the Management Company under this Agreement in a full and timely manner, including, without derogating from the generality of the aforesaid, the Lessee having made all of the payments that it is obligated to make under this Agreement in full and the Lessee not having committed a material breach of this Agreement, as well as there not being any pending legal proceedings and/or other arbitration proceedings between the parties with respect to any of the Lessee’s obligations under this Agreement and/or one of its appendices. Moreover, each option for extension is subject to the Lessee, prior to the end of the relevant Term of the Lease, extending the validity of all of the security interests provided by the Lessee to the Lessor under this Agreement so that such interests remain fully valid for the duration of the Additional Term. 8.4. Subject to the terms set forth in section 8.3 above and as set forth in Appendix J, each option for the extension of the Term of the Lease shall exercise automatically, unless the Lessee notifies the Lessor in writing by registered mail of the Lessee’s intention not to exercise an option for an Additional Term and such notice is received by the Lessor at least 180 days prior to the end of the relevant Term of the Lease. 8.5. The Lessee shall not have the right to terminate the Lease and/or vacate the Leased Property. However, nothing in the foregoing shall derogate from the Lessor’s right under this Agreement and/or under applicable law to instruct the Lessee to vacate the Leased Property. In the event that despite the aforesaid the Lessee vacates the Leased Property prior to after the end of the Term of the LeaseLease (hereinafter "THE TERM OF EXTENSION OF THE LEASE"), or ceases to conduct its business unless the lessee notifies the lessor in the Leased Property, such action shall not relieve the Lessee of its obligations under this Agreement, in whole or in part, and the Lessee shall be obligated to make all of the payments applicable to it under this Agreement until writing at least six months before the end of the Term of the Lease that it desires not to extend the Term of the Lease. Should the Tenancy be extended as stated in the present subsection above, all of the provisions of the present contract shall apply to the Term of Extension of the Lease as well, except for the lessee's right to extend the lease for another period, such that in no case shall the Tenancy extend beyond December 31, 2010 (10 years). 6.3 The lessee undertakes to appear at the Leased Premises on the Day of Handover of Possession and to take possession of the Leased Premises. Starting on the Day of Handover of Possession the lessee shall be able to use the parking facility of the Building (for payment) and shall have access to and from the Leased Premises. The lessor shall be entitled to postpone completion of work on the parking facility as required to permit parking in it to no later than the day of the completion of the Finishing Work. 6.4 Subject to what is stated in section 9.1 below, the lessee shall not be entitled to terminate the Tenancy under the present contract before the end of the Term of the Lease or, as may be applicable, before the end of the Term of Extension of the Lease. Should the lessee stop using the Leased Premises or vacate them before the end of the Term of the Lease or, as may be applicable, before the End of the Term of Extension of the Lease, provided that this shall not release the Lessor took reasonable measures to minimize any damageslessee from fulfilling its obligations under the present contract, in whole or in part.

Term of the Lease. 8.1. The Lessor hereby leases (a) This Lease will have a term (the Leased Property to the Lessee, and the Lessee hereby leases the Leased Property from the Lessor, in an unprotected lease, for the term set forth in Appendix J to this Agreement, which shall commence as "Initial Term") of ten (10) years commencing on the date of the signing of this Agreement hereof (hereinafter: the “Initial Term”"Lease Commencement Date"). The Leased Property shall be vacant of all tenants at such time. The Lessor undertakes that as of the Date of Transfer of Physical Possession, as defined in Appendix J, the Leased Property shall be fit for occupation by the Lessee, after completion of the customization works, vacant of all people and objects, with all systems in the Leased Property functioning properly and in working order and with the Leased Property clean of all construction debris. 8.2. The Lessee (b) Tenant shall have the option right to extend the Term of the this Lease for an additional period successive one-year terms (or periods, one period at a time), as set forth and defined in Appendix J the "Extension Term") upon written notice to this Agreement, which, subject Landlord no less than ninety (90) days' prior to the prior fulfillment of the provisions of sections 8.3 and 8.4 below, shall begin immediately following the culmination expiration of the Initial Term or the applicable Extension Term (hereinafter: the “Additional Terms”"Term" shall refer to the Initial Term or the Extension Term as applicable). 8.3. Each option for extension (c) Tenant shall have no right to continue to occupy the Leased Premises after the expiration of the Term unless this Lease is renewed or extended as provided, or otherwise by agreement of the parties, and Tenant shall vacate the Leased Premises on or before the last day of the Term. If Tenant remains in possession of the Leased Premises with the consent of Landlord following the expiration of the Term, then unless the parties agree otherwise in writing, this Lease shall continue as set forth in a lease from month to month. (d) In addition to any other rights, this section 8 and in Appendix J is contingent on Lease shall be terminated upon the Lessee’s complete fulfillment for the duration expiration of the Term of the Lease prior to the relevant extension of all of its undertakings toward the Lessor and/or anyone acting on its behalf and/or the Management Company under this Agreement in a full and timely manner, including, without derogating from the generality of the aforesaid, the Lessee having made all of the payments that it is obligated to make under this Agreement in full and the Lessee not having committed a or may be terminated as follows: (i) by either party upon material breach of a representation, agreement or other obligation under this AgreementLease (a "Material Breach"), provided the non-breaching party provides the breaching party with written notice of such Material Breach and the breaching party fails to cure within 30 days of receipt of such notice; or (ii) by Kennametal in the event that JLK owns shares representing less than a majority of the voting power of the outstanding common stock of Tenant; or (iii) by Kennametal upon a Change in Control (as well as there not being any pending legal proceedings and/or other arbitration proceedings between the parties defined below) with respect to any JLK. A "Change in Control" shall be deemed to have occurred if: (1) Landlord or its affiliates (excluding JLK and its subsidiaries) shall own shares representing less than a majority of the Lessee’s obligations under this Agreement and/or one of its appendices. Moreover, each option for extension is subject to the Lessee, prior to the end voting power of the relevant Term outstanding common stock of JLK; (2) a majority of the Leaseseats (other than vacant seats) on JLK's Board of Directors shall at any time be occupied by persons who were neither (A) nominated by Landlord or by JLK's Board of Directors, extending the validity nor (B) appointed by directors of all of the security interests provided by the Lessee to the Lessor under this Agreement JLK so that such interests remain fully valid for the duration of the Additional Term. 8.4. Subject to the terms set forth in section 8.3 above and as set forth in Appendix J, each option for the extension of the Term of the Lease shall exercise automatically, unless the Lessee notifies the Lessor in writing by registered mail of the Lessee’s intention not to exercise an option for an Additional Term and such notice is received by the Lessor at least 180 days prior to the end of the relevant Term of the Lease. 8.5. The Lessee shall not have the right to terminate the Lease and/or vacate the Leased Property. However, nothing in the foregoing shall derogate from the Lessor’s right under this Agreement and/or under applicable law to instruct the Lessee to vacate the Leased Property. In the event that despite the aforesaid the Lessee vacates the Leased Property prior to the end of the Term of the Lease, or ceases to conduct its business in the Leased Property, such action shall not relieve the Lessee of its obligations under this Agreement, in whole or in part, and the Lessee shall be obligated to make all of the payments applicable to it under this Agreement until the end of the Term of the Lease, provided that the Lessor took reasonable measures to minimize any damages.nominated; or