HOSPITAL LEASE AGREEMENT

THIS LEASE DEED executed in _________ on this the ……., Two Thousand and
Thirteen ______________

BETWEEN

Dr. _______________, _______________aged about _______________years and

_____________________________________________, hereinafter referred to as the
“LESSOR” (which expression shall unless repugnant to the context or meaning
thereof be deemed to mean and include his legal heirs, legal representatives,
executors, administrators, successors and assigns)

AND

M/s. _____________________________________________., a Company incorporated

under the Indian Companies Act 1956 and having its registered office at
_______________ (hereinafter referred to as “__________”),
______________________________, represented by its
______________________________, hereinafter referred to as the “LESSEE” (which
expression shall unless repugnant to the context or meaning thereof be deemed
to mean and include its successors and assigns).

WHEREAS the Lessor herein is the sole proprietor of M/s

______________________________which was started about _______________years
ago morefully described in Schedule ‘A’ hereunder.

AND WHEREAS the Lessee is a health care group providing high quality,
affordable, 360-degree health care to people focusing on Multi-Organ
Transplantation and specialties like Gastroenterology, Cardiology, Nephrology
and Urology and others in multiples Cities in India.

AND WHEREAS, the Lessee has approached the Lessor to offer on lease basis
the entirety of his _____ bed _______________bearing
_____________________________________________ measuring to an extent of
_______________Sq.ft., together with all the existing medical equipment and
movable assets (as per the list annexed with this Deed) for running an hospital
that includes all departments including Pharmacy, Nephrology, Dialysis,
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Laboratory all of which collectively referred to hereinafter as “LEASED
PREMISES”,.

AND WHEREAS the Lessee considering the offer made by the Lessor has agreed
to take on lease the Leased Premises, i.e., the entirety of the ______ bed M/s
______________________________bearing _____________________________measuring
to an extent of _____ Sq.ft., together with all the existing medical equipment
and movable assets (as per the list annexed with this Deed), for running a
hospital under the name and style of M/s _______________, and

AND WHEREAS the Lessee has agreed to take on lease the Leased premises
and the Lessor has agreed to lease the Leased Premises to the Lessee and both
the parties have agreed to record in writing their mutually agreed terms and
conditions of this Lease Deed as set forth hereinafter.

NOW, THEREFORE, THIS LEASE DEED WITNESSETH AND THE PARTIES

HERETO AGREE AND DECLARE AS FOLLOWS:

That in consideration of:

a. The lease amount agreed between the parties and to be paid by the
Lessee to the Lessor as set out in Clause 4 of this Lease Deed, and

b. The Lessee agreeing to comply with all the covenants and conditions
mentioned herein, the Lessor hereby grants by way of lease to the Lessee
the Leased Premises, morefully described in Schedule hereunder,
together with all the existing medical equipment and movable assets (as
per the list annexed with this Deed) for a period of _______ ( ) years
from the commencement date, subject to the terms and conditions
herein set out.

1. PURPOSE:

The Lessee shall use the Leased Premises for the purposes of running a
hospital under the name and style of M/s
______________________________and for no other purpose.

2. COMMENCEMENT DATE:

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 The Lease granted herein shall commence on and from the
_______________ _______________ (hereinafter referred to as “The
Commencement Date”).

3. TERM OF LEASE:

1. This Lease shall be for a period of ____ ( ) years from the

Commencement Date, i.e., from _______________TO _______________.

2. The Lease may be extended or renewed for a further period upon

mutual agreed terms between the parties and by executing a fresh
Lease Deed.

3. There shall be an increase of 10% on the Lease Amount after

completion of every 3 (three) years from the Commencement Date
of the lease period. The Lease Amount for the entire ______ (______)
years period are detailed in Cause 4 below.

4. Lock in period shall be fixed, if required.

4. LEASE AMOUNT:

4.1 The Lease Amount payable by the Lessee to the Lessor for the
Leased Premises shall be as hereunder:

From …__________________

(Rupees ____________________________________Only) per annum.

From …__________________

(Rupees ____________________________________Only) per annum.

From …__________________

(Rupees ____________________________________Only) per annum.

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 From …__________________

(Rupees ____________________________________Only) per annum.

4.2 The Lessee shall regularly pay the Lease Amount in 12

installments to the Lessor by way of Cheque after the end of every
month, in the first week of the succeeding month subject to TDS
provisions.

4.3 It is expressly agreed by and between the parties hereto that the
Lease Amount payable by the Lessee to the Lessor shall for all
purposes be deemed to be fair and reasonable and the parties shall
not under any circumstances challenge the same in any Court of
Law as not being fair Lease Amount in respect of the Lease herein
granted of the Leased Premises.

5. INTEREST FREE SECURITY DEPOSIT:

5.1 The Lessee shall pay to the Lessor a sum of Rs. ______________/-
(Rupees ______________Only) as and by way of interest free Security
Deposit (hereinafter referred to as the ‘Security Deposit’) for
securing the possession of the Leased Premises under this Lease
Deed.

5.2 The Lessor shall refund the entire Security Deposit to the Lessee at
the time of termination of this Lease, either by completion of the
lease period or sooner determination thereof and handing over of
vacant possession of the Leased Premises and after deduction of
dues by the Lessee, if any, on account of Lease Amount, electricity
charges, water charges, repairs that are done on account of
damages if any, caused to the Leased property directly arising out
due to the negligent acts of the Lessee.

5.3 The said interest free Security deposit HAS ALREADY BEEN paid
by the Lessee to the Lessor in the following manner:

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 1. A sum of Rs._________ (Rupees _________Only) paid on the
date of execution of this Lease Deed, i.e., on _________vide
Cheque No. _________dated _________drawn on _________,
_________, _________.

2. A sum of Rs. _________/- (Rupees _________Only) on ………..

WHILE taking possession of the Leased Premises, and

5.3 Refund of the interest free Security Deposit upon

termination of this Lease Deed is dealt with in Clause 18 below.

6. TAX DEDUCTIONS:

The Lessee shall in respect of the payments to be made to the Lessor

under this Lease Deed deduct tax at source as per the rates specified
under the Income Tax Act, 1961 (“Act”) and other applicable laws and the
Lessee shall provide Tax Deduction at Source certificates to the Lessor
within the period prescribed under the above Act and other applicable
laws.

7. PAYMENT OF TAXES:

THE LESSOR SHALL PAY THE PROPERTY TAX, SERVICE TAX & OTHER
RELATED TAXES IN CONNECTION WITH THE LEASED PROPERTY

8. STRUCTURAL ADDITIONS/ALTERNATIONS AND OTHER CIVIL

WORKS:

IT IS THE RESPONSIBILITY OF THE LESSOR TO UNDERTAKE/EFFECT

APPROPRIATE STRUCTURAL ADDITIONS, ALTERATIONS AND
RELATED CIVIL WORKS AS REQUIRED. TOWARDS THIS END, THE
LESSEE HAS NO RESPONSIBILITY OF WHATSOEVER NATURE.

9. INTERIORS:

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 9.1 The Lessee shall be entitled to carry out such interior works of its
choice in the Leased Premises and at its own cost. If at the time of
termination of the lease in the event the Lessor requires the
interiors carried out by the Lessee shall requests the Lessee for the
same and the Lessee if acceptable shall arrive at a mutually agreed
value for the same and the Lessor shall pay the said value to the
Lessee immediately.

9.2 In case of any damage/destruction to the Leased Premises directly

arising out due to negligent acts of the Lessee, then the Lessee will
repair the same and bring it to its original shape and condition.
When taking re-possession of the Leased Premises, the Lessor
shall accept normal wear and tear.

10. STATUTORY APPROVALS AND COMPLIANCES:

10.1. The Lessee hereby covenants with the Lessor that it will obtain all
necessary approvals/licenses and sanctions from the concerned
authorities for running the hospital and comply with all the
conditions of such licenses/approvals/sanctions including
compliance of Environmental Laws and take appropriate insurance
policies at its own cost for the employees, servants, men, fixtures,
goods and articles, etc lying in the Leased Premises.

10.2. The Lessor undertakes to assist the Lessee by submitting

applications, etc. for obtaining the necessary approvals/licenses
and sanctions.

10.3. The Lessor shall obtain all the necessary approvals, consents, etc.
under all applicable rules, laws, bye-laws, regulations, etc. and
that all statutory requirements in connection to the use and/or
occupation of the Leased Premises.

11. BAR ON ASSIGNING/SUB-LEASING/SUB-LETTING:

The Lessee shall not be entitled to assign this Lease or any part thereof,
sub-lease, sub-let, create tenancy or part with possession directly or

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 indirectly to any third party in respect of the whole or part of the Leased
Premises without the permission of the Lessor which permission shall
not be unreasonably withheld, provided the Lessor shall not be liable for
payment of any brokerage, commission etc for any such sub-lease
transaction. However, transfer the lease of the Leased Premises to any of
its business associates, affiliates, subsidiaries, group entities shall not be
construed as assignment/sub-lease/sub-let.

Further, the Parties agree that the Lessee shall have the right to
outsource services to any third parties in the Leased Premises such as
LAB service/Radiology/Dialysis etc. by entering into a separate
agreement between the Lessee and the service provider and the Lessor
shall not object nor claim any benefits for the same.

12. INSPECTION:

The Lessor shall have the right to enter upon and inspect the Leased
Premises after serving a day’s notice and with prior approval of the
Lessee on any working day during reasonable hours.

13. REPAIRS AND MAINTENANCE:

13.1. The Lessee shall maintain at its cost the Leased Premises in good
state during the Lease period. Any willful damage/repairs caused
by the Lessee or its men, servants, agents, visitors, patients, etc
will be borne by the Lessee.

13.2. The Lessor shall attend to all major structural repairs and
maintenance of external electrical, water supply and sanitary
systems installed at the Leased Premises/in the building where the
Leased Premises is situated at his own costs, and shall rectify the
related faults immediately thereby ensuring that no inconvenience
is being caused to the Lessee in using the leased property.

14. INSURANCE AND SECURITY:

14.1 The Lessee shall insure the Leased Premises against theft,
breakage, fire and other accidents during the Lessee’s occupation.
The Lessee shall insure all its assets such as machinery, raw

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 material, stock, furniture’s, fixtures, materials, medical
equipments, valuables, etc., kept in the Leased Premises at its own
cost.

14.2. The Lessee shall make its own arrangements for providing proper
and adequate security to the Leased Premises and its furniture’s,
fixtures, materials, equipments, valuables, etc., kept in the Leased
Premises at its own cost.

14.3 The Lessee shall obtain and keep in force adequate insurance
cover with an all risk clause to protect any loss and damage due to
natural disasters, fire accident, civil commotion, riot, storm,
tempest, flood or any inevitable accident or electrical short
circuiting or any other irresistible force or an act of God causing
damage to the Leased Premises.

15. ELECTRICITY, TELEPHONE AND WATER:

15.1. The Lessor has provided the Leased Premises with basic power
supply.

15.2. The Lessee, if required, shall acquire the additional power load
(over and above the basic power supply provided by the Lessor)
from the Electricity Board and all/any
deposits/expenses/incidental expenses in this regard for acquiring
the additional power load will be solely met/incurred by the
Lessee. At the time of termination of this license, the Lessee shall
surrender the additional power load supply so acquired and make
its own arrangements to get the deposit refunded from the
Electricity Board. The Lessor undertakes to assist the Lessee in
this regard.

15.3. If at the time of termination of the lease the Lessor requests the
Lessee not to surrender the additional power load obtained by the
Lessee and chooses to continue with the same, the Lessor shall
refund to the Lessee the deposit paid by the Lessee to the
Electricity Board the interior works carried out by it, a value shall
be mutually arrived at by the parties and the Lessor shall pay the
said value to the Lessee.
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 15.4. The Lessee shall be permitted to install telephones and other
communication Instruments in the Leased Premises at its own
cost. Upon termination of the lease, the Lessee shall remove the
same from the Leased Premises.

15.5 The Lessor at the time of handing over the leased property to the
Lessee shall ensure that there is adequate provision for supply of
water in the Leased Premises for Lessee’s use.

15.6. The Lessee shall during the Lease period pay directly without
demur and/or to the concerned authorities the electricity charges
for the electricity consumed and water charges for the water
consumed in the Leased Premises in accordance with the bills
received from the concerned authority.

16. DR____________ AND _________– ROLE AND PRACTICE:

It is hereby agreed that both Dr. _________and Dr _________will have the

right to occupy throughout the lease period their respective consult
rooms that they are occupying before the lease without any obligation to
pay any rentals to the lessee.

However, both the doctors shall neither bring any new Consultants in
their place nor shall be entitled to re-posses the right of practicing in the
Lease property or occupying thereof, if they give their voluntary
resignation for whatsoever reasons.

Both Dr. _________and Dr. _________will have a right to practice in the

_________Hospitals at their option and will be paid their PROFESSIONAL
FEE ON THE BASIS OF REVENUE SHARING/EARNING BASIS. THE
DETAILS IN THIS REGARD WILL BE WORKED OUT BY BOTH THE
PARTIES.

The Lessee will constitute a local advisory committee that will be headed
by Dr _________, which committee will meet periodically to review the
operations for strategizing future course of action in an advisory
capacity.

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17. NURSING COLLEGE:

The lessee will ensure that the students of the Nursing College that is
being operated by Dr. _________are given necessary training in the
_________Hospitals in particular and if warrants at its discretion in its
main BGS Global Hospitals or at any of its other hospitals in Bangalore.

18. LABORATORY SERVICES, ULTRASOUND, X-RAY, DIALYSIS

PHYSIOTHERAPHY

As Dr. _________confirmed that the lab services, ultrasound, X-ray,

dialysis and physiotherapy are out-sourced, the following arrangements
have been completed by both the parties with the respective heads of
these departments:

a. Lab will continue to be outsourced by sharing __% of the lab

collections while the __% will be retained by the Hospital and the lab
will pay a interest free deposit of Rs. __________ refundable on
termination of the arrangement.

b. In respect of Ultrasound, for every case Rs. _____will be paid to

Hospital.

c. In respect of both Ultrasound and lab services, where the tariff is

increased, 90% of the incremental increase will be retained by the
hospital and hospital will part with __% of the incremental increase
besides the basic agreed percentage of __% in the case of the lab
investigations or the excess over Rs. __ in the case of ultrasound.

d. The Lessee that is __________will acquire the X-ray equipment at Rs.

__________ and the physiotherapy at Rs. __________inclusive of taxes
and thus both these departments will be part of __________.

e. In respect of dialysis, an amount of Rs. __________per case will be paid

to the hospital by the Doctor who is presently carrying out the

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 Dialysis with his two dialysis equipment till a final decision is taken
on the Dialysis Unit by __________.

f. The pharmacy that is outsourced will be taken over by the hospital

immediately upon the Commencement of this Lease but __________will
make a reasonable payment as may be agreed with the existing
outsourcing person for use of his license till __________gets its own
license.

g. Detailed letters have been exchanged with the Heads of these

departments in the above regard.

19. LESSEE’S COVENANTS:

a) The Lessee shall not do anything whereby the Lessor’s right to hold
the Leased Premises is affected, voided, forfeited or extinguished.

b) The Lessee shall not without the permission of the Lessor transfer,
assign or induct any third party or create any third party interest
in the Leased Premises or any part or portion thereof which
permission shall not be unreasonably withheld.

c) The Lessee shall remove itself and all its belongings, medical
equipments, employees, staff, agents and all other persons from
the Leased Premises within a period of three months upon expiry
or sooner determination of this Lease Deed.

d) The Lessee hereby indemnifies the Lessor against all losses,

damages and claims caused to the Leased Premises due to the acts
and deeds of the Lessee or its employees, men, servants, agents,
visitors, customers, etc.

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 e) The Lessee shall peacefully occupy the Leased Premises and carry
out its business without causing any hindrance or disturbance to
the Lessor.

20. LESSOR’S COVENANTS:

a) The Lessor hereby warrants that the Leased Premises is the

exclusive property of the Lessor and that no part of the same are
subject matter of any mortgage, lien, claim, charge, attachment,
encumbrance, litigation or dispute.

b) In the event of any claims over the Leased Premises arising at any
time during the term of this Lease Deed, the Lessor undertakes to
keep the Lessee harmless as also indemnify the Lessee against all
direct and indirect costs, losses and expenses that may arise from
such claims.

c) The Lessor undertakes not to create any mortgage, lien, charge or

attachment or any other encumbrances whatsoever during the
term of this Lease Deed.

d) The Lessor represents and warrants that he is fully empowered,

authorized and able to execute this Lease Deed.

e) The hospital shall be called as M/s

________________________________________during the term of this
lease and the Lessee is hereby permitted to install sign boards,
etc., in the said name.

f) The Lessor shall in no manner create any hindrance or obstruct

the right of ingress and egress to and from the Leased Premises, its
entrances, parking spaces, landings, elevators, passage ways, etc.,
accrued on the Lessee, its visitors, patients, employees, etc.

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g) The Lessor covenants that upon the Lessee punctually paying the
Lease Amount herein reserved and all other payments and
observing and performing the terms and conditions on the Lessee’s
part herein contained and all statutory rules and regulations, the
Lessee shall be entitled to peaceful and quiet use and enjoyment of
the Leased Premises during the Lease period free from any
interference, objection, evictions, claim, interruptions and demand
whatsoever by the Lessor and/or from anyone claiming under or
through the Lessor and/or their predecessors in title.

h) The Lessor shall not do any such acts, things or deeds which shall
prejudice the right of the Lessee under this Lease Deed in any
manner whatsoever.

i. The Lessor warrants that he has obtained all the necessary

approvals, consents, etc. under all applicable rules, laws, bye-laws,
regulations, etc. and that all statutory requirements in connection
to the use and/or occupation of the Leased Premises.

j) That all the taxes, cess, maintenance charges and other outgoings
with regard to property are payable by the Lessor and the same are
paid Upto date and that there is nothing due on the Leased
Premises.

k) The Lessor shall co-operate with the Lessee by way of issuing

NOC’s, providing any and all documents in connection with the
Leased Premises in the event both the parties prefer to get the
Leased Premises registered under the provisions of the various
laws as applicable and to enable the Lessee to have infrastructure
providers such as utility and telecom providers install their
equipment as may be required by the Lessee from time to time.

l) The Lessor hereby covenants that he shall not start any other
hospital directly or through any binami, in a radius of 10
kilometers from the ______________________________Hospitals
during the tenure of this Agreement.

m) The Lessor hereby covenants that he shall ensure the

arrangements with the outsourcing agencies that is lab,
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 physiotherapy, X-ray, Dialysis, ultrasound, pharmacy are
completed as mentioned in clause 18 hereinabove and will do all
the acts that are necessary to ensure a peaceful transfer or
transition where __________takes over the services/facilities and
ensure a peaceful relationship where the outsourcing continues on
revised terms.

n) The Lessor shall provide the list of medical equipment and movable
assets (morefully described in the list annexed with this Deed) in a
fit and usable condition to the tenant at the time of handing over
the possession of the same to the Lessee. If any faults are notified
by the Lessee to the Lessor at the time of handing over such
goods/articles or anytime during the period of this lease, then the
same shall be made good at the cost of the Lessor.

o) The Lessor shall keep the Leased property and every part thereof
watertight and in good tenantable condition along with proper
sanitary condition before leasing out the same to the Lessee.

p) In the case of a repair which is structural in nature, the same shall

be rectified by the Lessor at his own cost, within a reasonable
period of time and with minimum inconvenience to the Lessee.

21. TERMINATION OF LEASE AND CONSEQUENCES:

21.1. By completion of the Lease Period, i.e, the said period of 25 years.

21.2. In event of the Lessee committing any breach of any of the terms of
this Lease or defaults in payment of annual Lease Amount, the
Lessor shall immediately give notice of such breach or default, to
the lessee and upon the acknowledgement of the same, the
Lessee must within three months of the receipt of such notice
rectify such breach or default, failing which this Lease will stand
automatically terminated. The Lessor shall then be entitled to re-
enter the premises and take possession of the Leased Premises at
the completion of 3 months from the date of such termination
within which the Lessee shall remove all its men, belongings,

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 medical equipment, etc., vacate and hand over vacant possession
of the same to the Lessor.

21.3 Upon termination of the Lease Deed or sooner determination of

this Lease Deed for any reason whatsoever.

a. The Lessee shall within a period of three months from the date
of termination of this Lease Deed remove or cause to be
removed itself, its agents and all its employees and all other
person or persons and their respective belongings, medical
equipment, etc., from the Leased Premises and shall hand over
to the Lessor vacant, quiet and peaceful possession of the
Leased Premises together with all the medical equipment and
movable assets handed over at the time of taking the lease
without causing any damage to the Leased Premises or any part
thereof or any of the fittings or any part thereof.

In case of any damage to the Leased Premises directly arising

out due to negligent acts of the Lessee, then the Lessee will
repair the same and bring it to its original shape and condition.
However, the Lessor shall accept the normal wear and tear.

b. If the Lessee fails to handover vacant possession of the Leased

Premises within a period of three months from the date of
termination of this Lease, the Lessor has the right to enter upon
the Leased Premises and take possession of the same and the
Lessee shall be liable to pay damages as mutually decided
between by the parties hereto for such unauthorized
use/occupation of the Leased property.

c. The Lessor shall within immediately on Termination of this

lease arrangement refund the interest free Security Deposit to
the Lessee after deduction of amounts outstanding and payable
by the Lessee, if any on account of Lease Amount, electricity
charges, water charges, repairs and such nature of damages
hereinabove mentioned to the said premises, etc Subject to
normal wear and tear.

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 d. If the Lessor fails to refund the interest free Security Deposit to
the Lessee after deduction of any amounts outstanding and
payable by the Lessee on account of Lease Amount, electricity
charges, water charges, repairs and such nature of damages
hereinabove mentioned to the Leased Premises, etc. Subject to
normal wear and tear, within a period of one month from the
date of Termination, the Lessor shall be liable to pay an interest
at the rate of 18% per annum on the interest free Security
deposit, along with the interest free security deposit, after
deductions of the above said dues if any and the Lessee shall be
entitled to retain the keys to and possession of the Leased
Premises without any further liability with regard to payment of
Lease Amount or otherwise till such time as the Security
Deposit and all accrued interest is paid to the Lessee by the
Lessor.

22. INDEMNITY

It is further agreed by the Lessor that the Lessor shall indemnify the
Lessee and keep it always indemnified and hold harmless for any breach
in representations and warranties, mentioned herein. In the event there
being any defect or deficiency or inadequacy in the Lessor’s right to
execute the lease deed and or compliance of state/local laws affect ting
the Lessee’s leasehold rights to occupy and use the Leased Premises or in
case of any litigation arising or affecting the rights of the Lessee in any
way, the Lessor undertakes to indemnify the Lessee and keep it always
indemnified against all consequences arising there from including
damages, losses, costs, expenses or any other claims/actions, or
proceedings by others in respect of quiet and peaceful use, occupation
and possession of the Leased Premises and that such indemnification
would be reimbursement/payment to the Lessee of all reasonable costs
and expenses including loss of business. Attorneys’ fees, registration fee,
stamp duty, all costs and security deposit amounts paid by the Lessee
and all the expenses incurred by it towards the cost, of non-removable
additions/alterations to the Leased Premises, if any.

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23. ATTORNMENT:

The Lessor shall be entitled to, during the subsistence of Lessee’s

leasehold rights, dispose of or otherwise deal with Leased Premises,
either wholly or in several portions, without in any way affecting the
leasehold rights of the Lessee over the Leased Premises. Any such
transfer by the Lessor of the Leased Premises shall always be subject to
the leasehold rights of the Lessee and the Lessor undertakes to obtain
from the transferee an unconditional undertaking to be bound by all the
terms and conditions of this Lease Deed including the refund of the
Security Deposit placed by the Lessee. However, the Lessor shall not be
entitled for such attornment if proper advance intimation explaining the
reasons for such Attornment is not being given to the Lessee.

24. WAIVER:

It is expressly understood that if either party on any occasion fails to

perform any term of this Lease Deed and the other party does not enforce
that term, the failure to enforce on that occasion shall not prevent
enforcement on any other occasion.

25. ADDRESS FOR SERVICE:

a. Any communication/notice required to be served upon the Lessee

shall be sufficiently served upon if posted by Registered Post A/D
at the address of the Lessee first given to the attention of its
Chairman ______________________________.

b. Any communication/notice required to be served upon the Lessor

shall be sufficiently served upon if posted by Registered Post A/D
at the address of the Lessor first given to the attention of Dr.
____________________.

c. Any change in the address first given shall be duly and

properly notified to the other party by giving a prior written notice
of not less than ___ days.

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26. FORCE MAJEURE:

a. If at any time during the term of this Lease Deed, the Leased
Premises is destroyed and/or damaged, either wholly or partially,
by force majeure whereby the Lessee is prevented from using the
Leased Premises or any part thereof, the Lease Amount payable by
the Lessee to the Lessor shall be suspended till such time the
Leased Premises is rendered fit by the Lessor at his own cost and
expense restore the Leased Premises in as good condition as they
were on the date of such damage or destruction. If the force
majeure condition continues for a period of more than 2 months,
then the Lessee can terminate this Lease Deed by giving one
month’s notice to the Lessor.

b. If the Lessee feels that any such restoration/repair is not

feasible, the Lease shall come to an end and the Lessor shall
refund the interest free Security Deposit to the Lessee after
deduction of any amounts outstanding and payable by the Lessee
on account of Lease Amount, electricity charges, water charges,
other statutory dues, repairs and such nature of damages herein
above mentioned to the Leased Premises, etc.

27. REGISTRATION:

In the event both the parties decide to register this lease deed, the stamp
duty, registration fee and such other incidental costs towards
registration of this Lease Deed shall be borne and paid by the Lessee.
The legal costs shall be borne by each party respectively.

28. DISPUTE RESOLUTION:

a. In case of any dispute arising or accruing in respect of this Deed or

upon matters incidental, related or consequent hereto, the same
shall be referred for Arbitration in consonance with the provisions
of the Arbitration and Conciliation Act, 1996.

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 b. The place of arbitration shall be Bangalore and the language of
the arbitration shall be English.

c. Each party shall have the right to appoint one arbitrator and
the appointed arbitrator shall appoint the third arbitrator. In the
event of an agreement not being reached as regards the third
arbitrator within 15 days of the appointment of the two arbitrators,
then the third arbitrator shall be appointed by the High Court of
Karnataka.

d. The Award passed by the Arbitral Tribunal shall be final and

binding upon the Parties.

e. The cost of the Arbitration shall be initially deposited with the

Arbitral Tribunal equally by both the parties. The Arbitral
Tribunal, if called upon, shall also be entitled to award interests,
damages and costs.

29. JURISDICTION:

The Courts of ___________alone will have exclusive jurisdiction in respect

of this Lease Deed.

30. CUSTODY:

This Lease Deed of Lease is executed in two original, one original will be
retained by the Lessee and the other original will be retained by the
Lessor.

SIGNED AND DELIVERED on the day, month and year first above mentioned
by the within named LESSOR DR. ____________________and by the within
named LESSEE through the hand of its ______________________________.

__________ __________
Sole Proprietor

In the presence of WITNESSES:

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1. ………………………

2. ……………………….

***********

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