Lease Agreement

LEASE AGREEMENT This LEASE AGREEEMENT is made on 2nd day of January 2008, between Shri. K. Anil Kumar, General Manager, Confra Furn Systems Pvt. Ltd., #6-3-1-0-/A/24 Flat #201 Olbee Centre Rajbhavan Road, Hyderabad 500 082 Andhra Pradesh, hereinafter called Lessor (which expression shall mean and include their heirs, legal representatives and assignees) of the One part and Shri Malayala Srinivasan s/o Shri P. Ravi Chandra Gupta, resident of 234-D/361 “Shree Nivas”, Near Naicker Thottam, Vysyal Street, Coimbatore 641 001, Tamil Nadu, hereinafter called the Lesse (which expression shall include its successors or assignees) of the other Part.

Whereas the Lessor is the legal and absolute owner of the residential apartment property situated at Block 10 Apartment No.604, Hill Ridge Springs (IVRCL), Gachibowli, Hyderabad 500 032, Andhra Pradesh. Whereas the Lessor agrees to let out and the Lessee agrees to take on rent the entire residential apartment addressed Block 10 Apartment No.604, Hill Ridge Springs (IVRCL), Gachibowli, Hyderabad 500 032, Andhra Pradesh, which is consisting of 3 (three) bedrooms, 1(one) kitchen, (3) three toilet-cum-bathrooms, 1 (One) covered car parks, at a monthly rent of Rs.17,000/- (Rupees Seventeen Thousand Only) payable on or before 31st of each English Gregorian month. NOW THIS DEED WITNESSETH AS FOLLOWS : 1. That the Lease of the said premises shall be deemed to have commenced from 5th

rd

January 2008 and valid for 24 months.

2. The option for further continuation at mutually agreed terms and conditions shall be available on the condition of drawing of fresh Lease Deed at the appropriate time. 3. That the Lessee has agreed that the rate of rent of the said premises shall be Rs.17,000/- per month from 5th January 2008 till 4th January 2010. 4. The Lessor will give possession of the said premises to Shri Malayala Srinivasan and his family members for residential purposes only and the Lessee shall not sublet the said premises in part or full to anybody else. Any breach of this clause shall render this agreement as cancelled. 5. That the Lessor will give the possession of the said premises with all the sanitary, electric, water and other fittings and fixtures in perfect working order.

6. That the Lessor will pay all taxes including House Tax and other applicable taxes, as may hereinafter be assessed on the aforesaid premises by the appropriate authorities. 7. That a separate electricity and water meters have been provided for the said premises in which the Lessee shall take up residence and the Lessee shall pay electricity and water charges based on actual user consumption, by the due date. 8. That the Lessee shall be responsible to restore all fixtures and fittings in good and serviceable condition, natural wear and tear and damage by the act of God excluded, during the lease period. 9. That the Lessee shall have the right to install furniture and other items, such as coolers, etc., and shall have the right to take away the same upon termination of the lease. 10.That the Lessee shall permit the Lessor or his authorized agents to enter upon the said premises, with prior appointment, for inspection at all reasonable hours and the lessee will keep the leased premises in good habitable condition during the period of lease. 11.That the Lessee shall abide by all the laws, bye-laws, rules and regulations of the concerned Development Authority of the government and other local/central authority. In case of breach of these, the Lessee shall be fully responsible for the consequences and shall pay due cost and penalty. 12.That the Lessee shall abide by the Bye-laws of the residence association and in case of breach of these, the Lessee shall be fully responsible for the consequences and shall pay due cost and penalty.

13.That the Lessee agrees to pay a sum of Rs.34,000/- (Rupees Thirty Four Thousand Only) equal to two months rent to the Lessor as Security, which will be payable, adjustable and refundable as follows: a. The Lessee agrees to pay the aforementioned security deposit in full before taking over the possession of the residence. b. The aforesaid amount, Rs. 34,000/- (Rupees Thirty Four Thousand Only) shall be deposited with the Lessor as Refundable Security Deposit, through cheque no. 15, drawn in favour of lessor Dt. 28th Dec 2007 through ICICI Bank Ltd., Microsoft Campus Branch. c. The aforementioned deposit shall be refundable through a cheque drawn in favour of the lessee after vacating of the said premises and peacefully handing over the keys, receipts etc., to the Lessor. No interest shall be payable on security deposit. 14.That the Lessee shall not carry out any structural additions or alterations in the said premises. Any breach of this clause shall render this agreement as cancelled. 15.The Lessee will not store or keep any explosives/arms and ammunitions (except licensed) or any other highly inflammable article during the period of lease. This clause does not cover LPG gas and kerosene oil used for cooking purposes. 16.That the Lessee will not make any additions, alterations or cause any type of damage, by wilful act or negligence, to the leased premises during the period of lease. 17.That no damage will be caused by the Lessee to the said premises and if any damage is caused and the Lessor suffers any loss on account of the

same, then the Lessee will fully indemnify the Lessor or the Lessor will deduct the expenses from the security amount so deposited by the Lessee with the Lessor. And if the amount of damage is assessed more than the security amount, then the Lessee will pay the remaining balance amount to the Lessor at an earliest possible date and the Lessor will have the right to get the damaged portion repaired at the costs of the Lessee. 18.That the Lease can be terminated any time by either party, by giving one month advance written notice before its termination. 19.That the Lessee shall give one month notice in writing for termination of this Agreement. In case no notice is given in writing, then Lessee shall have to pay one month rent for the notice period. 20.That the Lessee shall, on the day of expiry of the lease period for its earlier termination, hand over peacefully the possession of the vacated said premises directly to the Lessor. 21.That in case the Lessee fails to pay rent regularly in the manner prescribed or in the circumstance of breach of any condition mentioned in the Clauses above, the Lessor shall have the right to re-enter and take possession of the said premises. In such cases, a fifteen days time shall be given to the Lessee to vacate the premises after informing him by notice of vacating. 22.That in case of any dispute in respect of the said premises, between the Lessor and the Lessee, Andhra Pradesh Courts shall have the jurisdiction to adjudicate upon the same. 23.The Lease agreement shall stand terminated automatically on expiry of the period of the lease on 4th January 2010.

24.The monthly maintenance will be borne by the lessee. IN WITNESS THEREOF, We the LESSOR and LESSEE put our hands in the presence of witnesses on the date, month and year above mentioned. Wintesses LESSOR

LESSEE