This DEED OF SUB-LEASE ('Sub-Lease Deed ') is made and executed at Bengaluru Karnataka, India on this the 1st Day of November 2018(01-11-2018):
DEED OF SUB-LEASE
This DEED OF SUB-LEASE ('Sub-Lease Deed ') is made and executed at Bengaluru
Karnataka, India on this the 1st Day of November 2018(01-11-2018):
BY AND BETWEEN:
INNOVENT SPACES PRIVATE LIMITED, a company incorporated under the provisions
of the Indian Companies Xxx 0000, having its office at Xxxx Xx 00, Xxxxxxxxxxx Xxxxxxxx
Xxxx, Xxxxxxxxxxxx Xxxxx (Next to Intel Junction Flyover), Outer Ring Road, Bengaluru –
560103 (CIN U45400UP2015PTC068253), represented herein by its Director, Xx. Xxxxx Xxx,
hereinafter referred to as the ‘Sub-Lessor’, (Which expression shall wherever the context so
requires or admits be deemed to mean and include all its directors, successors in interest,
administrators, representatives and assigns of the FIRST PART.
AND
OMNICOMM ECLINICAL SOLUTIONS PRIVATE LIMITED, a company
incorporated and validly existing under the provisions of the Companies Act, 2013 and having its
Registered office at Xxxxxxxx-Xxx, Xx.00/0, Adjacent To Emc2, Dodanekundi Outer Ring
Road Bengaluru – 560048, (CIN U72900KA2018FTC115009), represented herein by its
Director, Xx. Xxxxxx Xxxxxx Xxxxxxx hereinafter, referred to as the ‘Sub-Lessee’, (which
expression shall wherever the context so requires or admits be deemed to mean and include all
its successors in interest, representatives and administrators) of the OTHER PART.
(Sub-Lessor and Sub-Lessee shall, wherever the context may hereinafter so require, be
individually referred to as the ‘Party’ and jointly as the ‘Parties’, as the case may be).
WHEREAS:
Mrs. N. Nirmala residing at #33, Lakshmi Nilaya, 0xx xxxxx, 0xx xxxxx, Xxxxxxxxxxx
Nagar, Marathahalli post, Bangalore – 560037,
Xxx. X. Xxxxxxx residing at #103, 10th Main, 0xx Xxxxxx XXX Xxxxxx, Xxxxxxxxx –
560102,
Xxx. X. Xxxxxxxxx residing at #257, Xxxxxxxxxxxxxxxx Nilaya, 00 xxxx, XX Xxxxx 0xx
Xxxxx, Xxxxxxxxx – 560078,
Mrs. N. Anila residing at #143/4 CMR Colony, 1st Block XXXX Xxxxxx, Xxxxxxxxxx
Xxxx, Xxxxxxxxx– 560043,
Mrs. N. Shakuntala residing at #356, Lakshmi Nilaya, Xxxxxxxx Xxxxx Layout, Xxxxxxxxxxx 0xx
Xxxxx, Xxxxxxxxx – 560095,
Mrs. Rajini. N residing at #601, Xxxxxxxx Xxxxx Layout, Xxxxxxxxxxx 0xx Xxxxx, Xxxxxxxxx –
560095,
Mrs. Rakesh. M residing at #601, Xxxxxxxx Xxxxx Layout, Xxxxxxxxxxx 0xx Xxxxx, Xxxxxxxxx –
560095,
Mrs. Xxxxx Xxxxx. M residing at#601, Xxxxxxxx Xxxxx Layout, Xxxxxxxxxxx 0xx Xxxxx,
Xxxxxxxxx – 560095, (‘Owner’) are the owners of a building situated at “Indiqube ETA”
Survey Number 38/4, Adjacent to EMC2, Doddanekundi, Outer Ring Road, Bangalore,
Karnataka measuring Super Built Area 74000 Square Feet (Approx), situated at, Survey
Number 38/4, Adjacent to EMC2, Doddanekundi, Outer Ring Road, Bangalore,
Karnataka Consisting of Ground and 6 (six) floors, more fully described in Schedule A
hereto (‘Building’).
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A. |
The Sub-Lessor has acquired leasehold rights in respect of the Schedule “A” Premises by |
virtue of the Lease Deed dated 25-05-2017 executed with the Owner (‘Principal Lease
Deed’).
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B. |
The Sub-Lessor has been put in possession of the Schedule ‘A’ Premises with the right to |
sub-lease any portion of the schedule ‘A’ Premises as per the terms of the principal
Lease Deed;
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C. |
The Sub-lessee has expressed its interest in taking on sub-lease a part of the Schedule |
“A” Premises, being the office unit measuring 4800 square feet of Leasable Area, (Defined
below under Clause 1), on the Fifth Floor of the Building as shown on the Plan attached
hereto as Annexure-1and 600 square feet in common cafeteria along with 5 (Five) car
parking space, which is more fully described in the Schedule B hereunder and hereinafter
referred to as the “SCHEDULE-B PREMISES” from the Sub-Lessor, for the exclusive
use and occupation of the Sub-Lessee on terms and conditions set out herein; and
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D. |
The Sub-Lessor has agreed to grant and the Sub-Lessee has agreed to take from the Sub¬- |
Lessor the Schedule ‘B’ Premises on Sub-lease on the terms and conditions set out
herein.
NOW THIS DEED OF SUB-LEASE WITNESSETH AND IT IS HEREBY AGREED
BY AND BETWEEN THE PARTIES HERETO AS FOLLOWS:
1. PREMISE
1.1 In consideration of the Rent hereinafter reserved and agreed to be paid by the Sub-
Lessee to the Sub-Lessor as set out hereunder and the Parties having agreed to comply
with the covenants and conditions mentioned herein, the Sub-Lessor hereby grants BY
WAY OF SUB-LEASE to the Sub-Lessee, the Schedule ‘B’ Premises under the terms
and conditions set out herein.
1.2 Leasable Area used in this Deed shall mean the total area for which Rent shall be charged viz;
(a) the Built-Up Area of the Schedule ‘B’ Premises including walls and external finish; (b) the
balconies and sit-outs of the Schedule ‘B’ Premises; (c) proportionate share of the floor
common area such as toilets, AHU rooms, electrical rooms, common passages and common
pantry (d) proportionate share of the common areas of the building including lobbies, common
amenities and services like lift-xxxxx, staircase, electro mechanical rooms, society rooms, security
rooms, etc therein.
2. HANDOVER, TERM AND RENEWAL
2.1 The sub-lease of the Schedule ‘B’ Premises granted herein shall come into effect from
the date of delivery of possession of the Schedule ‘B’ Premises, which shall be on 24th
day of May 2018 (‘Sub-Lease Commencement Date’) and shall remain in effect for a
period of 5 (Five) years (‘Term’).
2.2 Upon the expiry of the term of Sub-Lease, if the Sub-Lessee wishes to renew the Sub-
Lease Deed, the Sub-Lessee shall give an advance written notice of 6(Six) months prior
to expiry of the Term. The Sub-Lessor may at its sole discretion renew the Sub-Lease
Deed for a further period of 3 (Thee) years on the same terms and conditions as those
contained herein, subject to escalation in Rent and other charges. Further it is agreed that,
any such renewal will be affected by executing a fresh deed of sub-lease duly stamped
and registered by the Sub-Lessee at least 2 (Two) months prior to the expiry of the Term.
3. RENT, RENT COMMENCEMENT DATE AND ESCALATION
In consideration of the grant of the Sub-Lease, the Sub-Lessee shall from 24-05-2018
pay to the Sub-Lessor Monthly Office Rent and other charges as specified below:
3.1 Office Rent: The Sub-Lessee shall pay to the Sub-Lessor office rent of Rs.3,50,400/-
(Rupees Three Lakhs Fifty Thousand Four Hundred Only) per month ("Rent"),
consisting of office Unit Rent calculated at the rate of Rs.73/- (Rupees Seventy-Three
only) per square feet per month.
3.2. Terrace Charges: The sub-lessee shall pay common cafeteria Charges of Rs. 18,000/-
(Rupees Eighteen Thousand Only) per month calculated at the rate of
Rs.30/- per square feet on the area of 600 Square feet.
3.3. Car Parking Charges: The Sub-Lessee shall pay Car parking charges of Rs. 16,000/-
(Rupees Sixteen Thousand Only) per month for 5 (Five) Car parking space calculated
at the rate of Rs. 3,200/- per car parking per month. The Sub-Lessee has been allotted
5 (Five) number of dedicated 4 xxxxxxx parking spaces in Basement 1/2/ Surface level of
the Building. Any additional car parking shall be charged extra subject to availability. The
Two Xxxxxxx and the Xxxxxxx Parking shall be at Sub-Lessee’s risk against any
damage, losses, theft etc.
3.4. Two Xxxxxxx Parking Charges: The Sub-Lessee has not availed Two Xxxxxxx parking
space under this Deed. Four numbers of Two xxxxxxx parking space is equals to one car
parking space. Any 2 xxxxxxx parking space if required by the client may be
accommodated in the common 2 xxxxxxx parking area in the building, subject to
availability at the rate of Rs.850/ - per Two xxxxxxx parking space per month. All
payments will attract applicable taxes.
3.5. Rent Payment: The Rent shall be paid on or before the 7th day of every month in
advance and shall be subject to deduction of tax at source at applicable rates.
3.6. Escalation: There will be escalation the office Rent, escalation on charges towards
Cafeteria/Terrace area, Car Parking Spaces and Two-Xxxxxxx parking at the rate of 6%
every year after completion of every 12(Twelve) months from the Sub-Lease
commencement date over the last rent paid.
3.4. Common Area, Maintenance Charges (‘CAM Charges’): The Sub- Lessee shall, in
addition to the Rent, shall bear and pay an amount of Rs. 45,900/- (Rupees Forty Five
Thousand Nine Hundred Only) per month calculated at the rate of Rs.8.5/ - per
square feet of Leasable Area of the Office Unit of 4800 Sq. ft plus proportionate
common cafeteria of 600 sq. ft as CAM Charges payable from the Sub-Lease
Commencement Date. The CAM Charges shall be subject to escalation @10% or
higher, every year after completion of every 12 months and shall be paid by the Sub¬
Lessee directly to the Sub-Lessor on or before the 7th day of every month in advance. In
the event the Monthly Rent, Charges towards Cafeteria/Terrace, CAM, Car Parking
Spaces and, Two Xxxxxxx parking or any other sum due from the Sub-Lessee is not paid
on the due date, the Sub-Lessee shall be liable to pay interest thereon at the rate of 1.5%
per month or part thereof.
3.5 Security and House keeping services for the common area of external building shall be
maintained by the Sub-Lessor at no extra cost. The Sub-Lessee shall take care of the
Housekeeping and Maintenance of the Schedule ‘B’ Premises at the Sub-Lessee's cost. In
addition, Sub-Lessee shall be paying for the common wash room cleaning charges of
Rs. 8,640/- (Rupees Eight Thousand Six Hundred and Forty Only) per month to
the Sub-Lessor calculated at the rate of Rs.1.8/- per square feet per month on the area
of 4800 square feet and Pest control charges to the Sub-Lessor at Actuals. For this
purpose, Sub-Lessor shall be raising separate invoice and it shall be paid within 05 days
of submission of invoice. Internal Housekeeping shall be under the scope of Sub-Lessee.
3.6. Annual Maintenance Contracts (AMC’s) of all the equipments provided by Sub-Lessor,
which includes but not limited to procuring of spare parts shall be within the scope of
Sub-Lessor.
3.7. Commencing from the Sub-Lease Commencement Date, the Sub-Lessor shall be
responsible for the maintenance of list of few items falling within the warranty period of
initial 6 (Six) months as detailed under Annexure 4 attached herewith. It is specifically
agreed that beyond the warranty period of 6 (Six) months, the Sub-Lessee shall be
responsible for the maintenance of the said items.
3.8 Applicable Taxes: Goods and Service Taxes or any other taxes as applicable on the
Rent and other charges as mentioned in this Sub-Lease Deed (i.e., at the rates as
prevalent at the given time) shall be borne by the Sub-Lessee, subject to the Sub-Lessor
having obtained necessary registration and giving particulars of the same to the Sub¬-
Lessee.
3.9 TDS Deductions: The Sub-Lessee shall not be entitled to make any deductions on the
Monthly Rent, Charges towards Cafeteria/terrace, Car Parking Spaces and Two-
Xxxxxxx parking or other payments due under this Sub-Lease Deed, except to deduct
taxes at source in accordance with the provisions of the Income Tax Act or any other
law or regulation for the time being in force. The Sub-Lessee shall be obliged to furnish
to the Sub-Lessor appropriate certificates for the tax/taxes so deducted from the Rents
and other charges within 15 (Fifteen) days of the expiry of each financial quarter.
4 INTEREST FREE REFUNDABLE SECURITY DEPOSIT (IFRSD)
4.1 The Sub-Lessee has agreed to pay to the Sub-Lessor a sum of Rs.30,12,100/- (Rupees
Thirty Lakhs Twelve Thousand One Hundred Only) to the Sub-Lessor as interest
free Refundable Security Deposit (hereinafter referred to as the ‘Security Deposit’).
The Security Deposit shall be payable by the Sub-Lessee to the Sub-Lessor in the
following manner:
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a. |
The Sub-Lessee has paid a sum of Rs.30,12,100/- (Rupees Thirty Lakhs |
Twelve Thousand One Hundred Only) via Cheque No/Wire Transfer
NO.000001 dated 28-09-2018 which receipt will be acknowledged by the Sub-
Lessor.
4.2 The Security Deposit shall be returned by the Sub-Lessor, subject to deduction of such
sum as may be due by the Sub-Lessee to the Sub-Lessor in the manner set out in Clause
9.1 below.
5 Power & Power Back-up & Water:
5.1 The Sub-lessor shall charge to sub-lessee as per the below (Fixed + Variable)
Charges Model:
Fixed Charges: Sub-Lessor shall charge to Sub-Lessee an amount of Rs.5 / - per Sq.ft.
calculated on leasable area as a fixed charge towards;
• Demand Charges of Raw Power as per the current rate of BESCOM which is
currently Rs.230/ - KVA Provided Load is 1 KVA per 100 Sq.ft.
• Load Charges of UPS & Provided Load is 1 KVA per 1000 Sq.ft.
• Pro-rata floor & pantry (cafeteria) consumption
• Depreciation & AMC of UPS & Batteries, UPS Room Rent & Power Charges
of 24 x 7 AC running in UPS Room
• AMC of Installed AC units in dedicated office area
• UPS Loss of Load
• UPS will be provided in N+1 Configuration to ensure continuity during failure of
any UPS.
Variable Charges: Sub-lessor shall charge to Sub-Lessee at the composite rate of-
Rs.13.69/- KWH unit consumed. This includes the power through, any of the sources
(BESCOM/DG).
Additional Charges:
• Extra Load charges for UPS is 2000/KVA per month & for Raw power as per
BESCOM per month subject to availability of load & BESCOM approval.
• The above electricity charges are linked to BESCOM & Diesel rate. The charges
are subject to change as per BESCOM tariff & Diesel rates.
The Sub-Lessee shall pay Electricity Power charges within 3 (Three) days from the date of
invoice.
5.2 Water charges shall be borne by Sub-Lessee on consumption at actuals. All these charges
are exclusive of applicable Tax.
5.3 In the event of the failure of the Sub-Lessee to make payments as above within the
stipulated time period, the Sub-Lessee shall be liable to pay the said charges along with
interest at the rate of 1.5% per month or part thereof from the due date till the date of
actual payment. Further, it is agreed that if the delay continues beyond 15 days from the
due date, then the Sub-Lessor shall be entitled to discontinue the supply of services to
the Schedule ‘B’ Premises till the payments along with interest is received from the Sub-
Lessee.
6 RIGHTS, OBLIGATIONS AND COVENANTS OF THE SUB-LESSEE
6.1 Access to Schedule ‘B’ Premises:
6. l. l The employees, officers, clients, and visitors, of the Sub-Lessee shall have free and
unimpaired access to the Schedule B” Premises at all times o n a 24-hour basis. The Sub-
Lessee shall be entitled to enjoy the Schedule ‘B’ Premises peacefully as a tenant, to use
the entrances, staircases, corridors, passages, vacant land and other areas and, amenities in
the Building.
6.1.2 The Sub-Lessor shall, if required by the Sub-Lessee provide necessary documents that
the authorities may require for enabling the Sub-Lessee to carry on its operations at the
Schedule “B” Premises.
6.2 Signage:
6.2.1 The Sub-Lessee shall be entitled to display their signboards, logos etc. at the Common
Building Directory at Reception (The Sub-Lessee shall pay Rs.2,500/-plus applicable
taxes to the Sub-Lessor towards the cost of putting signage at Reception as one-time
cost). The Sub-Lessee shall be entitled to install exterior Signage at pre-determined space
mutually agreed between the Sub-Lessor and the Sub-Lessee. The cost of putting exterior
signage shall be borne by the Sub-Lessee. The Sub-Lessee shall not put up signage on the
glass façade the entrance of the building and exterior area of the said building. It is
specifically agreed that the Sub-Lessor shall be entitled to display/project the Sub-
Lessee's Signage for the branding activities of the Sub-Lessor in various marketing and
media platforms. Further, the Sub-Lessee shall allow access to the Sub-Lessor to take
photos/pictures of the nameboards/Logos/signs of the Sub-Lessee in connection with
the said branding activities.
6. 2.2 All Signages shall be on prior written approval of the Sub-Lessor.
6.3 Tele phone, Fax, Internet, Cable Lines, etc.
6.3.1 The Sub-Lessee has the right to apply for, obtain and install as many telephones, fax,
internet, cable lines, V-Sat and other telecommunication equipments, in the Schedule ‘B’
Premises, as they may deem and necessary for their business requirements in their own
name, and at their own cost. The Sub-Lessee shall pay the charges pertaining to such
telephone, fax and other telecommunication equipments installed directly to the
appropriate authorities. The Sub-Lessee shall be entitled to install its V-Sat and other
equipments at the terrace of the Building if so required by the Sub-Lessee after taking
written consent of the Sub-Lessor and subject to payment of any charges/ taxes etc, to
the authorities by Sub-Lessee, in respect of the same and in accordance with the
directions issued by the Sub-Lessor in that regard. The area in the Terrace that may be
used by the sub-Lessee for installing its equipment as stated above shall not exceed 50
sq. ft. The Sub-Lessee shall remove the telephone, fax, Internet, cable lines, equipments
etc, so obtained / installed by it on expiry of Sub-Lease or earlier determination thereof.
6.4 Minor Repairs and Routine maintenance of the Schedule ‘B’ Premises:
6.4.l The Sub-Lessee shall attend to all day to day minor routine repairs such as fuses, leakage
of taps, replacement of consumable parts etc in the Schedule ‘B’ Premises at its own cost,
as are required to keep the Schedule Premises in good and tenantable condition.
6.5 Use of Schedule ‘B’ Premises:
6.5.1 The Schedule ‘B’ Premises shall be used for carrying on the Sub-Lessee's business/office
purpose only. The Sub-Lessee shall use the Schedule ‘B’ Premises in accordance with the
Tenant operating guidelines of the Sub-Lessor. The Tenant operating guidelines are
subject to revision/amendments by the Sub-Lessor from time to time and shall be
adhered to by the Sub-Lessee. The Sub-Lessee shall not be permitted to carry on any
other activity other than for its business purpose as mentioned above. The Sub-Lessee
shall obtain prior written consent of the Sub-Lessor in the event of any change in the
nature of its business in the Schedule ‘B’ Premises.
6.5.2 The Sub-Lessee is not permitted to carry out any renovation works or make any
additions or alterations to the Schedule ‘B’ Premises without the Sub-Lessor’s prior
written consent. The Sub-Lessee shall not be permitted to do any structural alterations or
any alterations to the exterior and elevation of the Building. In the event of the Sub-
Lessor permitting any renovation or additions or alterations, the Sub-Lessee shall pay
such amount as may be decided by the Sub-Lessor as an additional deposit as security for
any damage caused to the Schedule ‘B’ Premises or the Building during the course of
such alteration, and addition works. Further, Sub- Lessee shall adhere to the Tenant
Operating Guidelines of the Sub-Lessor during the course of carrying out any such non-
structural alterations. However, it shall be the responsibility of the Sub-Lessee to clear
and dispose all debris and waste materials resulting from such renovation or additions or
alterations.
6.5.3 The Sub-Lessee shall not store or bring into the Schedule ‘B’ Premises any article,
substance or liquid of a specially combustible, toxic, noxious, inflammable or explosive
nature and shall comply with the requirements and recommendations of all governmental
and statutory authorities, including, the fire authority and municipal authorities.
6.5.4 The Sub-Lessee shall at all times comply with the relevant laws and regulations and the
directions of the relevant governmental and statutory authorities and shall not carry out
or permitted to carryout in any part of the Schedule ‘B’ Premises, or the Building any
offensive, illegal or unlawful manufacture, business or activities.
6.5.5 The Sub-Lessee shall always observe, perform and abide by all the rules, regulations and
Tenant Operating Guidelines/amendments, by-laws of Association etc, of the Sub-
Lessor which may be put in place from time to time for the effective management,
control and maintenance of the Building.
6.5.6 The Sub-Lessee shall not damage or allow damage to be done to the Schedule ‘B’.
Premises or Building.
6.5.7 The Sub-Lessee shall keep the Schedule “B” Premises clean and usable and shall maintain
at their cost the Schedule “B” Premises in a state of good repair;
6.5.8 The Sub-Lessee shall on regular basis and at its own costs and expenses maintain the
fixtures, furnitures, carpets, and interiors etc, installed by the Sub-Lessor in the Schedule “B”
Premises. The detailed scope of maintenance to be carried out by the Sub-Lessee within
the Schedule “B” Premises is attached hereto as Annexure -2.
6.5.9 The Sub-Lessee shall not do any acts, deeds or things which may cause any annoyance
or nuisance to the co-occupants of the Building.
6.5.10 The Sub-Lessee acknowledges that the Sub-Lessor or the Owner shall be entitled to
make additions, alterations and repairs of the interiors, base-built equipments and the
building. The Sub-Lessee shall provide necessary co-operations in conducting all such
works.
6.5.11 The Sub-Lessee shall obtain at its own costs, suitable insurance policies to cover as
under;
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i) |
in respect of its belongings/items, insurance against fire, theft, vandalism and such other |
insurable hazards
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ii) |
comprehensive public and third-party liability insurance, insuring the Sub-Lessee's legal |
liabilities towards public/third party, arising out of bodily injuries and/or damage to the
Sub-Lessor's property due to accident within the Schedule ‘B’ Premises
iii) insurance to cover its liability towards its employees
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iii) |
Insurance Policies obtained by the Sub-Lessor are exclusively to cover the loss and/or |
damage to the property belonging to the Sub-Lessor and legal liability of the Sub-Lessor
alone towards the public. Under no circumstances, shall the Sub-Lessor be liable or
responsible for the consequences of any negligence on the part of the Sub-Lessee or for
the damages to the Sub-Lessee's belongings in the Schedule ‘B’ Premises and the Liability
accruing on the Sub-Lessee due to its business activities in the Schedule ‘B’ Premises
6.6 Sub-leasing/letting Schedule ‘B’ Premises:
6.6.1 The Sub-Lessee shall not be entitled to further sub-lease, assign, sub-let, grant leave or
license or part with possession of the Schedule “B” Premises or any portion thereof to
anybody or entity in any manner whatsoever and any violation of this clause shall
constitute a critical breach of the Sub-Lease, resulting in immediate and automatic
termination thereof.
7. COVENANTS, RIGHTS AND OBLIGATIONS OF THE SUB-LESSOR:
7.1 The Sub-Lessor represents as follows:
7.1.1 The Owner has clear and marketable title and authority to lease out the Schedule “A”
Premises and the Schedule “A” Premises has been lawfully leased out to the Sub-1essor
and that the Sub-Lessor has not entered into any sub-lease, license or other transaction in
respect of the Schedule “B” Premises or any part thereof with any other person or third
party.
7.l.2 That the Sub-Lessor holds legal and valid Leasehold rights over the Schedule “B”
Premises and have full right and authority to grant sub-lease of the Schedule “B” Premises
to the Sub- Lessee in terms hereof.
7.1.3 No agreements have been entered into that would in any manner affect the occupation
and use of the Schedule “B” Premises by the Sub-Lessee.
7.1.4 The Sub-1essor shall subject to payment of Rent, Utility Charges and CAM Charges and
all other amounts payable under this Sub-Lease Deed, by the Sub-Lessee, shall ensure
that power; water and sewerage facilities are available during the Term of this Sub-Lease.
In particular, but without prejudice to the generality of the above, the Sub-Lessor and the
Owner shall ensure the electricity and water bills in respect of the Building are paid
and remitted in a timely and efficient manner.
7.1 .5 The Owner has paid the Property tax, electricity and water charges, if any and all other
outgoings in respect of the Building up to date and there are no dues as on this date .
7.1.6 There are no restrictions for the bonding of the portion of Schedule ‘B’ Premises as a
customs bonded warehouse. However, on expiry or termination of this Deed, the Sub-
Lessee shall be liable to xx-xxxx the Schedule “B” Premises and handover back to the
Sub-Lessor in the condition as agreed under this Deed. In Particular, the Schedule ‘B’
Premises has not been subject matter of any such bonding prior to the execution of this
Sub-Lease.
7.1.7 Taxes & Outgoings:
The Owners have agreed to bear and pay all municipal taxes, property taxes and other
taxes, levies, cesses, outgoings and charges payable in respect of the Schedule ‘B’
Premises other than those agreed to be paid by the Sub-Lessee under this Deed and any
increase /enhancement thereto, directly to the concerned authorities.
7.1.8 At the time of handing over of the vacant possession of the Schedule ‘B’ Premises, if any
bills/outgoings are due and payable to any person or authorities for utility and other
services provided to the Sub-Lessee in the Schedule “B” Premises, the Sub- Lessor shall be
entitled to deduct the amounts from the Security Deposit of the Sub- Lessee and return
the balance to the Sub-Lessee.
7.2 Repairs and Rectification:
7.2.1 Rectification of Defects: All structural shall be rectified by the Owner and if the
Owner fails to carry out necessary repairs, the Sub-Lessor shall rectify the same, at its
own cost, during the term of the Sub-Lease and any renewal thereof.
7.2.2 Repairs: The Sub-Lessor shall, at its expense, carry out all major and structural repairs
and maintain in good condition the roof and walls of the Schedule ‘B’ Premises, and be
responsible for repairs relating to leakage of roof, damage to the walls, bursting of water
pipes or defective sewerage system in the Schedule “B” Premises. 1f the Sub-Lessee causes
any damage to the Schedule ‘B’ Premises, the same shall be rectified at the cost of the
Sub-Lessee.
7.2.3 Access to Schedule ‘B’ Premises: The Sub -Lessee shall upon not less than Twenty Four
(24) hours' notice in writing from the Sub-Lessor; permit the Sub-Lessor, its authorized
agents or representatives to enter upon the Schedule “B” Premises for inspecting the
state and condition of the Schedule “B” Premises or to carry out any repairs as may be
required from time to time. The Sub-Lessor shall on inspection, call for reports of
Maintenance/supporting documents from the Sub-Lessee with regard to the
maintenance being carried out within the Schedule “B” Premises. The Sub-Lessee shall
provide said reports and supporting documents and co-operate with the Sub-Lessor
during inspection. The Sub-Lessor shall also have a right to enter the Schedule ‘B’
Premises, without notice, at any point of time, if necessary to carry out any emergency
repairs or to take any steps as may be necessary for ensuring the safety and security of
the Building. The Sub-Lessor shall undertake best efforts to ensure that it does not cause
any disturbance to the Sub -Lessee's operations during such inspection and /or repair.
Further it is specifically agreed that 6 (Six) months prior to termination/expiry of the
Sub-Lease Deed, the Sub-Lessee shall upon 24 (Twenty Four) notice from the Sub-Lessor
allow the Sub-Lessor, its representatives or prospective tenants to access the Schedule ‘B’
Premises for inspection if any of the prospective tenants intend to take the Schedule ‘B’
Premises on Sub-Lease and the Sub-Lessee shall not make any objections for the same.
7.2.4 The Sub-Lessee shall maintain the fit outs and furniture in good condition, subject to
normal wear and tear. (physical damages falling outside the purview of Normal Wear and
Tear are more fully described under annexure-3 attached hereto and the same shall be
rectified/repaired by the Sub-Lessee at its own costs, failing which it shall be construed
as breach by the Sub-Lessee and the Sub-Lessor shall be constrained to rectify the same
and recover the costs incurred from the Security Deposit). The Sub-Lessor shall not be
responsible for the maintenance of the same. The Sub-Lessee shall be responsible for all
repairs of the said fit outs and furniture except to HVAC system, including periodic and
preventive maintenance to ensure that the fit outs and furniture are kept in good and
serviceable condition until possession of the Schedule “B” Premises is returned to the
Sub-Lessor in accordance with this deed.
8 TERMINATION AND LOCK-IN
8.1 Subject to Clause 8.2 below, the parties shall not be entitled to terminate this Sub-Lease
Deed for a period of 30 (Thirty) months, exclusive of 3 (Three) months prior period
notice for Termination from the Lease Commencement Date (“Lock-in Period”).
The Sub-Lessee and the Sub-Lessor shall not have the right to terminate the sub-lease
during the lock-in period without cause except in case of a breach by Owner in which
case Sub-Lessee is not liable for any termination penalty.
In the event of the Sub-Lessee terminating the Sub-Lease during the Lock-in Period or
causing the Sub-Lease deed to be terminated by the Sub-Lessor due to the breach of the
Sub-Lessee, the Sub-Lessee shall be bound to pay to the Sub-Lessor the Monthly Rent,
Charges towards Cafeteria/terraces, Car Parking Spaces, Two-Xxxxxxx parking and any
other amounts due under this Sub-Lease Deed for the remaining period of the Lock-in
Period. The Sub-Lessor may deduct the amount so payable from the Security Deposit in
case, the above mentioned balance amount is not paid by the Sub-Lessee.
Subsequent to the expiry of the Lock-in Period, the Sub-Lessee or Sub-Lessor shall be
entitled to terminate the Sub-Lease Deed by giving written notice of 3 (Three) months
(“Termination Notice”).
8.2 In the event of either Party (“Defaulting Party”) committing any breach of any of the
terms and conditions of the Sub-Lease Deed the other Party (“Aggrieved Party”) shall be
entitled to terminate the Sub-Lease Deed by prior written notice of 30 days, provided the
breach complained of is not cured at the end of the notice period to the satisfaction of
the aggrieved Party.
8.3 The Sub-Lessee agrees that it is bound and liable to hand over full and free possession of
the Schedule “B” Premises with fit out and furniture to the Sub-Lessor upon the expiry or
earlier termination of the Sub-Lease in the same condition as on the Sub-Lease
Commencement Date, subject to normal wear and tear that is consistent with their
maintenance obligations.
9 SURRENDER OF SCHEDULE “B” PREMISES:
9. l Damages to the Schedule “B” Premises: Upon expiry of the Sub-Lease Term or earlier
termination of this sub-lease deed, the Sub-Lessee shall restore the flooring, installed
equipments, branding and signage materials to its original condition which are installed
by the Sub-Lessee including furniture, fixtures and fit-outs. In the event of failure to
restore the same into its original condition to the satisfaction to the Sub -Lessor, in such
case the Sub-Lessor shall be entitled to deduct cost of such damages from the Security
Deposit for removal of any installed equipments, furniture's, fixtures and fit-outs,
flooring, branding and signage materials, repairs, refurbish and to restore Schedule “B”
Premises to its original condition.
9.2 Within 30 (Thirty) days from the date of return of the possession of the Schedule “B”
Premises, the Sub-Lessor shall refund the Security Deposit to the Sub-Lessee, subject to
deduction of any arrears of all the Rent, electricity charges, CAM Charges or any other
claims that the Sub-Lessor might have under this Deed. The Sub-Lessor shall also be
entitled to retain any amount that may be necessary to repair, refurbish or return the
Schedule “B” Premises and the fit outs and furniture to their original condition, in the
event of any loss, damage or excessive wear and tear caused by the Sub-Lessee. The
Security Deposit shall be repaid to the Sub-Lessee by way of a demand draft/
Online/ Cheque.
9.4 If there are any outstanding amounts to be paid by the Sub-Lessee and the Security
Deposit falls short, the said outstanding amounts shall be paid immediately by the Sub-
Lessee failing which the Sub-Lessor shall be entitled for the said outstanding amount at
the rate of l .5% per month and shall also be entitled for all remedies avaib1ble to it under
the law. In the event if the Sub-Lessee fails to return possession upon the termination of
this Sub-Lease Deed by efflux of time or otherwise, the Sub-Lessee shall be liable to pay
damages to the Sub-Lessor twice of the office Rent, Charges towards Cafeteria/Terrace,
Car Parking Spaces and Two-xxxxxxx Charges and CAM Charges along with Utility bills
per day until the possession has been handed over. During this period, there shall be no
obligation upon on the Sub- Lessor to provide any utilities or maintenance or other services
to the Sub-Lessee, but it is made clear that the Sub-Lessor may provide such services and
that the provision of such services and charging thereof shall not in itself amount to an
extension/renewal of the Sub-Lease Deed.
9.5 In the event the Security Deposit is not refunded to the Sub-Lessee in terms of Clause
9.2 above, the Sub-Lessor shall be liable to pay interest on the said outstanding sum at
the rate of 1.5% per month from the date of return of the possession of the Schedule 'B'
Premises until repayment of the Security Deposit.
10 DISPUTE RESOLUTION:
10.1 If any dispute or difference relating to or arising under this Sub-Lease Deed arises
between the Sub-Lessor and the Sub-Lessee during the period of Sub-Lease or upon the
expiry of the said Sub-Lease, the same shall be referred to arbitration in accordance with
the provisions of the Arbitration and Conciliation Act, 1996 for the time being In force.
Arbitration shall be by a sole arbitrator to be appointed jointly by the Sub- Lessor and
Sub-Lessee on mutual consent, whose decision shall be final and binding. The arbitration
shall be conducted in English language and venue shall be at Bengaluru. It is also
understood between the parties herein that a default in payment of Rent, charges and/or
other payments agreed to be paid by the Sub- Lessee shall be construed as a dispute or
difference arising under the Sub-Lease Deed.
10.2 Subject to the provisions of the foregoing clause, this Deed shall be subject to the
exclusive jurisdiction of the courts at Bangalore, Karnataka, India and shall be subject to
the laws applicable in India.
11 FORCE MAJEURE:
11.1 Notwithstanding anything contained in this Deed of Sub-Lease, neither Party shall be
liable to the other for failure to perform part any or all of its obligations under this Deed
of Sub-Lease to the extent that such failure is caused by a Force Majeure Event defined
hereinafter and to the extent such failure is during or for the period of such event,
provided that the Party so prevented gives the other Party a notice specifying the nature
of the of Force Majeure event and its likely consequences, within 30 (thirty) days of the
occurrence of the Force Majeure event.
11.2 Force Majeure Event shall mean any act, event or circumstance or a combination
thereof which are beyond the reasonable control of the Parties and which the Parties
could not have prevented by the exercise of reasonable skill and care and which, or any
consequences of which, prevents or delays, in whole or in part, the performance of its
obligations under this Deed, such acts being any acts of God, acts of war (whether
declared or undeclared), invasion, armed conflict or act of foreign enemy, blockade, embargo,
revolution, insurrection, terrorist or military action, coup d'etat, sabotage or
riots.
12 INDEMNITY:
12.1 Each Party shall defend, indemnify, and hold harmless the other Party from and against
any claim, liability, demand, loss, damage, judgment or other obligation or right of action,
which may arise as a result of reach of the terms and conditions of this Deed of Sub-
Lease by such Party.
13 BUSINESS ACQUISITION, MERGER, DEMERGER
In the event of the Sub-Lessor's business is acquired, taken over, merged or demerged with
or into another company, the Sub-Lessor shall be entitled to transfer assets and assign this
Sub-Lease to the said company, provided such assignment is subject to rights of the Sub-
Lessee under this Deed and the terms and conditions of this Deed are binding on the said
company, including renewal term.
14 NOTICES:
14.1 Any notice required to be issued or given as per the provisions of this Agreement, will be
deemed to have been served at the end of three working days after the issuance of such
notice by registered post acknowledgement due, addressed to the address mentioned below:
In respect of the Sub-Lessee:
OMNICOMM ECLINICAL SOLUTIONS PRIVATE LIMITED,
Xxxxxxxx-Xxx, Xx.00 / 4,
Adjacent To Emc2,
Xxxxxxxxxxxx Xxxxx Xxxx Xxxx,
Xxxxxxxxx - 000000.
Represented by its Director Xx. Xxxxxx Xxxxxx Xxxxxxx
In respect of the Sub-Lessor:
Innovent Spaces Private Limited.
Xxxx Xx 00, Xxxxxxxxxxx Xxxxxxxx Xxxx,
Xxxxxxxxxxxx Xxxxx (Next to Intel junction Flyover),
Outer Xxxx Xxxx, Xxxxxxxxx-000000.
Represented by its Director Xx. Xxxxx Xxx.
15 MISCELLANEOUS:
15.1 This Sub-Lease Deed has been executed in two sets, the original being retained by the
Sub-Lessee and the duplicate by the Sub-Lessor.
15.2 The stamp duty and registration charges or any other incidental charge related to
registration payable in respect of this Sub-Lease Deed shall be borne and paid by the
Sub-Lessee. The Sub-Lessee shall be responsible for making all requisite arrangements
for registration of this Deed of Sub-Lease. The Sub-Lessee shall extend all requisite co-
operations to secure registration of the Sub-Lease Deed under the provisions of the
Xxxxxxxxxxxx Xxx, 0000.
15.3 No part of this Sub-Lease Deed shall be amended, varied, substituted or changed in any
manner except by a written instrument duly signed by both Parties.
15.4 This Sub-Lease Deed constitute the entire agreement and understanding of the Parties in
respect of this Sub-Lease and supersedes any and all prior negotiations, correspondence,
agreements, understanding duties or obligations between the Parties in respect hereof.
This Sub-Lease Deed and shall be read as part and parcel of the same transaction.
SCHEDULE 'A' PREMISES
All that piece and parcel of immovable property comprising of 3 Basements, Ground Floor plus
6 upper floor, of the building known “INDIQUBE ETA” (“Building”), constructed on property
bearing Survey Number 38/4, adjacent to EMC2, Doddanekundi, Outer Ring Road, Bangalore
having a super built-up area of measuring 74000 Square Feet and bounded as follows:
North : Land of Survey no. 61 &60
South : Outer Ring Road
East : Remaining land of Survey no. 38/4
West : Survey no. 38/3;
SCHEDULE 'B' PREMISES
(Hereby granted for Sub-Lease)
All that Office Unit measuring 0000 xxxxxx xxxx (Xxxxxxxx Xxxx) on the Fifth Floor of the
building known as 'INDIQUBE-ETA' and 600 sq. ft common cafeteria area along with 5(Five)
car Parking space, constructed on the property bearing Survey Number 38/4, Adjacent to
XXX0, Xxxxxxxxxxxx, Xxxxx Xxxx Xxxx, Xxxxxxxxx, Xxxxxxxxx.
IN WITNESS WHEREOF THE SUB-LESSOR AND THE SUB-LESSEE HAVE AFFIXED
THEIR SIGNATURES TO THIS DEED OF SUB-LEASE ON THE DAY, MONTH AND
YEAR FIRST ABOVE MENTIONED IN THE PRESENCE OF THE FOLLOWING WITNESSES:
|
SUB-LESSOR |
SUB-LESSEE |
|
For Innovent Spaces Private Limited
/s/ Xxxxx Xxx Name: Xx. Xxxxx Xxx
Designation: Director |
For OmniComm eClinical Solutions Pvt. Ltd.
/s/ Xxxxxx Xxxxxx Xxxxxxx Name: Xx. Xxxxxx Xxxxxx Xxxxxxx
Designation: Director
|
|
WITNESSES |
|
|
1.
________________________________________ Name: Address: |
2.
________________________________________ Name: Address: |
XXXXXXXXX-0
Xxxxx Xxxx
XXXXXXXX-0
Scope of Maintenance by Sub- Lessee within the Schedule 'B' Premises on a regular basis.
|
XX.XX |
Description |
Frequency of Service |
AMCs to be taken |
|
|
01 |
Carpet Shampooing |
Quarterly |
General Services |
|
|
02 |
Chair Shampooing |
Quarterly |
General Services |
|
|
03 |
Chair maintenance |
Monthly |
||
|
04 |
Window Blinds maintenance |
Monthly |
||
|
05 |
Painting of the Schedule ' B' Premises |
Annually |
General Services |
|
|
06 |
Facility maintenance
(Electrical, Carpentry & Plumbing) |
Weekly |
General Services |
|
|
07 |
Floor Spring & Door closure maintenance |
Monthly |
||
|
08 |
Pest Control |
Monthly |
General Services |
|
|
09 |
Fixtures & Furniture maintenance |
Monthly |
General Services |
|
|
10 |
Restroom maintenance |
Daily |
General Services |
|
|
11 |
Deep Cleaning |
Weekly |
General Services |
|
ANNEXURE-3
Physical Damage to below listed assets will not be covered under Normal Wear and Tear
1. Carpet
2. Glass doors
3. Writing boards
4. Work stations
5. Chairs
6. Tables
7. Flooring
8. Walls
9. Plumbing assets (Wash basins, Taps, sinks, W/C's, plumbing lines etc.)
10. Window Blinds.
11. Printers
12. Cupboards or any storage equipment.
13. HVAC Assets.
14. Furnitures & Fixtures
15. Damages to cables
16. Damages to server racks
17. Doors, door closures, floor springs, door handles, etc.
18. Fire extinguishers
19. Light fixtures
20. Electrical panels
21. Gardening assets
ANNEXURE 4
Maintenance by the Sub-Lessor within the warranty period of initial 6(Six) months
|
SI. No |
Description |
Scope of Maintenance |
|
|
01 |
Light Fittings |
If any of the light fittings are not operational that will be under the scope of Sub-Lessor and will be changed accordingly. |
|
|
02 |
Chairs |
Maintenance will be under scope of Sub-Lessor, except physical damage, which will be charged to the Sub-Lessee |
|
|
03 |
Window blinds |
Maintenance will be under scope of Sub-Lessor, except physical damage which will be charged to the Sub-Lessee |
|
|
04 |
Floor Spring & Door closure |
Maintenance will be under scope of Sub-Lessor. |
|
|
05 |
Pedestal locks |
If pedestal locks are not working then the replacement will be under scope of Sub-Lessor, but if the Sub-Lessee loses the keys then the cost of replacement will be under the scope of Sub-Lessee |
|
06 |
Electrical system |
which includes (Switches, sockets, MCB etc) will be under scope of Sub-Lessor |
|
07 |
Pantry Plumbing |
Maintenance of plumbing system in pantry will be under scope of Sub-Lessor |
|
08 |
Dedicated restroom |
Maintenance of plumbing system in dedicated restroom will be under scope of Sub-Lessor |
|
09 |
Furniture & Workstations |
Maintenance of Furnitures and Workstations will be under scope of Sub-Lessor, except physical damage which will be charged to the Sub-Lessee |
Exclusions:
1. Designer Lights: Warranty of the lights will be as provided by the manufacturers
2. Sofa set maintenance will not be covered under scope of Sub-Lessor
3. Break out areas are not covered under scope of Sub-Lessor
NOTE: Furnitures, chairs & Workstation warranty are covered only if Sub-Lessor has
provided the assets to the client.
