Exhibit 10.12
Agreement for Lease
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Agreement between Xxxxx Xxxxxxxx residing at 000, Xxxxx Xxxx, Xxxxxxxxxx, XX
00000, X.X.X. and Xxxxx Xxxxxxx residing at 0000, Xxxxxxxx Xxxxx, Xxxxxxxxxx, XX
00000, X.X.X. (hereinafter jointly referred as "Owners") of the one part and
Xxxxx Systems Private Limited a Company registered under the Indian Companies
Act, 1956 and having its registered office at Xxxxxxxx Xxxxxxxx, Xxxxx Xxxxx
Xxxx, Xxxx 000 001 (hereinafter referred to as the "Lessee") of the other part.
WHEREAS, Xxxxx Xxxxxxxx and Xxxxx Xxxxxxx are the joint owners of the office
premises at 308 of Xxxxxx Xxxxxxxx, Andheri-Kurla Road, Andheri (East), Bombay
400 069 (hereinafter referred to as "the said premises")
WHEREAS owners have agreed to lease the said premises to the Lessee.
NOW it is therefore, agreed that
1. The Owners shall give the said premises on lease to the Lessee for a period
of one year commencing from April 1996. The agreement may be renewed for
further period as may be agreed mutually by the parties in writing.
2. Lessee will pay Owners a monthly compensation of Rs.9,000 (Rupees Nine
thousand only) exclusive of outgoings.
3. Lessee shall pay all rates and taxes to the central, provincial or local
authorities, maintenance charges and other charges payable relating to the
said premises occupied by the Lessee during the lease period.
4. Lessee shall not make any additions or alternations in the above premises
without the consent of the Owners.
5. Lessee shall hand over the vacant and peaceful possession of the premises to
the Owners forthwith upon the expiry of the lease period unless the lease has
been renewed in writing.
6. Lessee shall use the said premises strictly for its business and shall not
violate the rules and regulations of the Society.
7. Lessee shall allow Owner or Owner's authorized representatives to inspect the
said premises at all reasonable times.
8. Lessee shall not sub-let the said premises without Owner's written
permission.
9. The Owners may at their option terminate the lease by giving Lessee a notice
of not less than three months and the Lessee shall on the expiry of the said
period of notice hand over vacant
and peaceful possession of the said premises to the Owners or to Owners'
authorised representative.
In witness whereof the parties have set their respective hands on the
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day , 1996.
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Signed and delivered by the withinnamed
Xxxxx Xxxxxxxx in the presence of
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Signed and delivered by the withinnamed
Xxxxx Xxxxxxx in the presence of
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Signed and delivered by Xxxxxx Xxxxxxxxx
Managing Director of Xxxxx Systems
Private Limited in the presence of
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