EXHIBIT 10.11
STANDARD LEASE NO. DIC-2409-R
LEASE DETAILS
This Lease is made on: 17 March 2005
1. LANDLORD: Dubai Internet City for and on behalf of the Dubai Technology,
Electronic Commerce and Media Free Zone Authority by virtue of Decree Xx. 0
xx 0000 xx xxx Xxxxxxx xx Xxxxx of X.X. Xxx 00000, Xxxxx, Xxxxxx Xxxx
Xxxxxxxx (Facsimile No: x000 0 000 0000)
2. TENANT: EFONICA FZ-LLC, a free zone limited liability company incorporated
under the laws of Dubai Technology, Electronic Commerce and Media Free Zone
Dubai, UAE (Fax No. x0 (000) 000-0000)
3. BUILDING: the building identified in the definition of the Premises in
Article 8 below.
4. COMMENCEMENT DATE: 01 January 2005
5. EXPIRY DATE: 31 December 2005
6. LEASE PERIOD: a period of one (1) year from the Commencement Date and
ending on the Expiry Date, subject to earlier termination.
7. PERMITTED USE: the activities as set out in the Licence obtained by the
Tenant from the Landlord to operate in the Dubai Internet City.
8. PREMISES: the premises situated at Dubai Internet City in Building No.9,
being Premises No G02-G03 and consisting of a floor space of 1282 sq.ft,
more or less.
9. RENT: the amount calculated at the rate of AED 100.00 per sq.ft of Premises
per year for the Lease Period plus the Service Charge calculated at the
date of AED. 5.00 per sq.ft of Premises per year for the Premises equalling
a Total Rent of Dirhams One Hundred Thirty Four Thousand Six Hundred Ten
only (AED 134,610.00) for the Lease Period. The Total Rent is payable in
advance and on the following dates in instalments and in such amounts as
the landlord shall advice:
o 01/01/2005 = AED.45,768.00
o 01/05/2005 = AED.44,421.00
o 01/09/2005 = AED.44,421.00
10. LEASE TERMS: means the standard Lease Terms issued by the Landlord (and as
may be varied from time to time by the Landlord) which Lease Terms form the
Terms and Conditions of this Lease. A copy of the Lease Terms has been made
available to the Tenant. The Tenant may also access the Lease Terms on the
Landlord's Internet Website at the URL: xxx.xxxxxxxxxxxxxxxxx.xxx/
Acceptance
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The Landlord leases the Premises to the Tenant in consideration of the Total
Rent for the Lease Period and the Tenant accepts the Lease subject to the Lease
Terms.
Accepted by the Landlord Accepted by the Tenant
by its authorised representative by its authorised representative
XX. XXXXX XXXXX SALAM XX. XXXXX XXXX XXXXX
