LEASE DEED

This Deed of Lease is made and executed on this 2nd day of November 2015, at
Hyderabad BY AND BETWEEN:
Mrs.C.Shaila Shree , W/O. Mr.C.Venkatesh , aged about 48 years, Occ: Business,
Resident of H.No: 8-2-677/B/3, "AVANTI",Road No-12, Banjara Hills, Hyderabad,
Telangana-500034. Hereinafter referred to as the “LESSOR” ( which expression shall
unless excluded by or repugnant to the subject or context be deemed to mean and
include his successors and assigns) of the ONE PART;
AND
M/s. Remote IT Consultants India, a company incorporated under companies act
1956, having its Regd. Office at B-3-5,M L Jyothi Plaza,Pedda
Waltair,Visakhapatnam,Andhra Pradesh. represented by its Authorised Partner Mr.
SALADI NARSIMHA RAO, S/o. Sri.Late.SALADI GANGA RAJU, aged about 63 years,
hereinafter referred to as the “LESSEE” (which expression shall unless excluded by
or repugnant to the subject or context mean and include its directors, successors,
executors, representatives, administrators and assignees etc.,) of the OTHER PART.
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Whereas the LESSOR is the absolute Owner of the Commercial Space located at
Gachibowli village, Serilingampally, Mandal, Ranga Reddy District, Andhra Pradesh Unit
No:B-506 ,5th floor along with 2 car parking slots) in the Commercial Complex by name
“THE PLATINA”, situated in the premises bearing Municipal No.134(part), 132(part), 110
(part), 108(part),107,and104/2 and136/3 Hyderabad, more particularly described in the
Schedule hereto and hereinafter called the Schedule Property.

Whereas, the Lessee has agreed to take the Schedule Property on lease for the
purpose of carrying on its business for a period of 3 years, on the following terms and
conditions and may further be renewed, upon mutual consent of both the parties.

NOW THIS DEED OF LEASE WITNESSETH AS FOLLOWS:

1) The LESSOR hereby grants lease in favor of the LESSEE, in respect of the “SAID
PREMISES” for a period of 3 years on payment of monthly rent (excluding
maintenance charges) of Rs. 1,05,875/-(Rupees one lakh five thousands and
eight hundred seventy five only) per month payable on or before 5 th of every
calendar month in advance through Cheque/D.D/wire tranfer without any delay or
default under valid receipt from the LESSOR which is inclusive of supply of Backup
power through DG and chilled water supply for air conditioning up to the office. The
power consumption charges shall be paid by the LESSEE to the Platina Building
Maintenance as billed per the BMS. Apart from the above the LESSEE shall pay
the consumption charges for DG as per actual meter reading and the tariffs
prevailing to the Platina Building Maintenance.

2) The lease period shall commence from 15/12/2015and the duration of the lease is
up to 14/12/2018.

3) In addition to the above rent, the LESSEE shall also pay towards the current
monthly maintenance charges of Rs.15,400/- (Rupees Fifteen thousand four
hundreds only) per month, shall be borne by the LESSEE and the same shall be
paid to the Platina building Maintenance. However in case of increase in the
maintenance charges, the same shall be paid to M/s Platina Building Maintenance
as decided by the Maintenance department.

4) 4.1) ) It is agreed and declared that the Lessee shall pay to the lessor security deposit of
an amount equivalent to 6 months of lease rent for demised premises i.e., an amount
of Rs. Rs:6,35,250/-(Rupees Six Lakhs Thirty Five Thousand two hundred and
fifty only). The Lessor shall hold this interest free deposit amount during the period
of lease and shall refund the same to the Lessee on the expiry of the term of lease
either by reason of efflux of time or in case of sooner determination of lease and upon
the lessee handing over peaceful vacant possession of the demised premises to the
Lessor
The LESSEE shall pay the increased rent to the LESSOR at the rate of 5% for every year
and above agreed in the para 2 as detailed below:
1). Rs.1,05,875/- from 15/12/2015 to 14/12/2016
2).Rs.1,11,169/- from 15/12/2016 to 14/12/2017
3).Rs.1,16,728/- from 15/12/2017 to 14/12/2018
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The Lessee shall pay the electricity and other bills in time as raised by the Platina building
maintenance and hand over the receipt of the same to the Lessors in proof of payment of
the same. In the event of disconnection due to failure of prompt payment the cost of
reconnection and penalty etc., shall be borne by the LESSEE.

No payment of cash shall be deemed to be valid unless it is evidenced by an authenticated

stamped receipt from the LESSOR.

Default in payment of rent within the stipulated time for any two consecutive months will
entail automatic forfeiture of the tenancy without further notice.

That the LESSEE shall neither lien nor raise any financial assistance from any institution or
individual against mortgage of the lease interest of the LESSORS and the leased out
premises.

This lease is subject to the Laws and Regulations applicable in Telangana

The LESSEE shall not modify/remove any of the structural, civil works, electrical/sanitary
fittings etc., till permission in writing in obtained detailing the modifications proposed from
the Lessors.

The LESSEE shall not carry out any interior work affecting the main structure without
receiving written consent from the Developer GM Infra Private Limited, which must be
sought, in writing, detailing the interior work affecting the main structure that will be carried
out and the same shall be approved by the LESSOR.

The Lessee cannot claim any rights, or interest whatsoever over the said premises or any
part thereof except as a Lessee.

The Lessee shall not hang any sign boards/name boards etc., in front of the building. This
is to avoid the disfiguring/defacing the elevation of the building. The commercial name
however is permitted to be listed in the corridor area inscribing the names at the prescribed
location the in the lobby shown by the developer GM Infra Private Limited

The Lessee shall not at any time demolish or cause to be demolished the said office or any
part thereof agreed to be taken on lease by them. The Lessee shall not undertake at any
time any changes affecting the main structure of the office or any part thereof.

The Lessee shall keep the office in a neat and habitable condition and shall not cause any
nuisance or disturbance to the neighbors and the Lessors/maintenance department shall
have the right to inspect the office at all reasonable and convenient times.

The Lessee at its own option shall insure against theft all its material, equipment machinery
and any other items belonging to it at its cost and expenses, for any kind of loss, damages,
the Lessors/Platina building maintenance has no liability for any such happenings
whatsoever it may be.

The Lessee shall quit and remove himself/herself/themselves and its belongings from the
said premises of on expiry or the lease or the termination of the lease.
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4.2) The lessor shall be entitled to adjust from the interest free security deposit any
amounts that may be due or owing to the lessor by the lessee towards arrears of
rents or damages if any caused to the demised premises or the equipments
installed therein belonging to the lessor. It is however, agreed that reasonable wear
and tear, damage of the demised premises or the equipments installed theron, is
due to a Force Majeure not caused by the willful neglect on the part of the lessee,
its officers or the employees and anything else beyond the control of the lessee is
excepted.

4.3) In the event the lessor does not refund the total interest free security deposits as
detailed above, the lessee in full and or in case wrongfully withheld any part or
portion of the interest free security deposit upon the lessee vacating and delivering
up peaceful vacant possession of the demised premises, the lessor shall be liable
to pay to the lessee interest @ 15% per annum on the said security deposit or the
amounts wrongfully withheld by the lessor there from, as the case may be reckoned
from the date of the lessee actually handing over vacant possession till the date of
actual refund by the lessor to the lessee.

The agreement, if terminated before the lock in period of 3 years, the Lessee will have to
pay the rent for the remaining months of the lock in period and forfeit the advance
paid. After the lock-in period, both the parties can mutually extend the lease.

After the lock-in period, either party can vacate the premises with 3 months’ notice.

All correspondence between the Lessors and Lessee shall be communicated to the
respective addresses shown in this deed, or to the change of address of lessor and
Lessee.

At the time of termination of the lease, the Lessee shall handover the office in the
condition in which it was taken by over by the lessee at the time of commencement
of the lease. The office is to be maintained in a reasonable manner. If the office is
not maintained in reasonable manner, the painting and other work, will be carried
out by the lessors and expenses will be deducted from deposit.

The registration charges of this lease agreement will be borne by the Lessee only.

The lessee shall pay to the lessors an amount of Rs.2000 per day for the period of stay in
the leased out premises beyond the date agreed in this agreement as liquidated
damages in addition to the normal rent as agreed.
This lease agreement will expire on ----- by the exclusive option of the Lessors. However
the lease can be extended for a further period from the date of expiry of the lease
on the terms agreed between the parties. Any further renewal if required by the
lessee it shall be as per the terms and conditions as required by the lessor and
mutually agreed.
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The Lessee shall follow and abide by the bye-laws regulations and decisions of the
owner’s association or the society and shall do all such acts, deeds and things as
may be required by the developer or purchasers’ association/society from time to
time in common interest.
If the lessee vacates the premises or leaves the city, state or country without notifying the
lessors in circumstances showing that he/she/it may not come back or may not
come back within reasonable time and is untraceable, the lessors shall have the
right to open the premises, retake possession and dispose of the lessee’s
belongings.

If the lessee acts against any of the conditions made in the lease, the lessors have the
right to rescind the agreement and the lessee shall vacate the premises without any
objection/claim

The lessors have got every right to sell away the said property agreed to be leased or to
any other person/party/company under this agreed lease period and the lessee
agree for the same. However, if the lessee desire to continue the lessors shall
arrange for the lessee from the prospective purchaser to lease out the said
premises with the same terms and conditions agreed under this lease deed.

5) The property tax, any other Taxes, levies by government shall be borne by the
Lessors.
6)
7) The Service Tax on the rental amount of this leased space shall be paid by the
LESSOR.

8) The LESSOR covenants the LESSEE that there are no dues in respect of Electricity
and Water bills and the LESSOR shall be responsible for all the dues if any pending
as on the date of this agreement.

9) The lease shall be for a period of 3 years commencing from 15th day of Dec
2015 and valid up to 14th day od December 2018 and at the time of vacating the
“SAID PREMISES” the LESSEE shall handover the premises in “as is and where is
condition”, without causing any damage to the Schedule Property except natural
wear and tear.

10) Both the parties herein specifically agree that only the premises described in the
schedule Annexed hereto shall alone be the subject matter of this Lease Deed.

11) The LESSEE paying the rent hereby reserved and other charges observing and
performing the covenants and condition contained herein and on the part of the
LESSEE to be observed and performed shall and will peaceably and quietly enjoy
THE SAID PREMISES during the said term without interruption or disturbances by
the LESSOR or any person or persons lawfully of equitably claiming from under or
under or in trust for him.

12) The LESSEE can sub-let the “SAID PREMISES” either in full or in part thereof or
induct any third person in the “SAID PREMISES” in any manner by way of
entering into partnership or any other arrangements, but with prior written consent
of the LESSOR. However, the LESSEE is the responsible for the SAID PREMISES
and the Lessee shall obey this lease agreement and is the point of contact to the
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LESSOR even after the sub-leasing. The “SAID PREMISES” shall not be used for
any other purpose except as stated herein above.

SCHEDULE OF PROPERTY

All that Commercial Space, in the 5th floor along with 2 car parking slots in the
Commercial Complex by name “THE PLATINA” situated in the premises bearing
Municipal No.134(part), 132(part), 110 (part), 108(part),107,and104/2 and136/3 ,gachibowli
village,serilingam pally mandal, Hyderabad, and bounded by the following:

NORTH : HOTEL UNDER CONSTRUCTION

SOUTH : 40 FEET WIDE ROAD(THE RADISSON-GACHIBOWLI)
EAST : 150 FEET WIDE ROAD-KONDAPUR TO GACHIBOWLI
WEST : 30 FEET WIDE ROAD

In witness whereof, the parties hereto have signed and executed this deed of lease
on this the 2nd day of November 2015, at Hyderabad in presence of the following
witnesses:

LESSOR LESSEE

Witnesses:

1.

2.