Exhibit 10.14
Agreement for Lease
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Agreement between Xxxxx Xxxxxxx residing at 0000, Xxxxxxxx Xxxxx, Xxxxxxxxxx, XX
00000, X.X.X. (hereinafter referred as "Owner") 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 Xxxxxxx is the owner of the office premises at 307 and 310 of
Xxxxxx Xxxxxxxx, Andheri-Kurla Road, Andheri (East), Bombay 400 069 (hereinafter
referred to as "the said premises").
WHEREAS Owner has agreed to lease the said premises to the Lessee.
NOW it is therefore agreed that
1. The Owner 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 Owner a monthly compensation of Rs. 25,000 (Rupees twenty-
five 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 Owner.
5. Lessee shall hand over the vacant and peaceful possession of the premises to
the Owner 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 Owner may at his 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 Owner or to Owner's authorized representative.
In witness whereof the parties have set their respective hands on the _____ day
of ___________, 1996.
Signed and delivered by the withinnamed Xxxxx Xxxxxxx in the presence of
________________________________________
Signed and delivered by Xxxxxx Xxxxxxxxx Managing Director of Xxxxx Systems
Private Limited in the presence of
________________________________________
