4.4&:1401 1,4. 40h.014.iiimOliqqm .Y.?taf%.e.M4111U ..$,;:klV14,{0t# al iv7t1

64p ME.4(4, 4tala l r 4.4 1 ; '',210ra trp •(11 ' = • -/,' •. .'''`,st. .""—..:cdgfieRaa'clePEREAT: .1 Wilfzr- a WETralaktUAHAWAEM41

ifearkTIcreil:titi,4i4t4113'S

INEIWIOE

am;

- 564R.rtp w.....„....1 4 k.....k .„( T3 3::

MEMORANDUM OF UNDERSTANDING '

This Memorandum Of -Understanding :xecuted 'on ,18.th.rV,

day of . No”-mber,:-- 1991 amongst Instrumentation

Limited, Kota, a Public Sector Company' incorporated d.i

uhder . the Companies Act, 1956. ' and having its•

registered office at Jhalawar Road, '-',..:t(hereinaftel -4

referred to as '1L'), Rajasthan „State ri.ai.

'Development & Investment Corporation Limited, a

company registered .r.dei the Cumpanies Act, 1956 ancil,

having its registered office at Udyog Bhawah, TilaK

Marg, .Jaipur (hereinafter referred to as

and Rajasthan Electronicc Limited,

registered under the 'Companies Act., •195,6.and,hav1nc .

its registered office at -Fg/24 1,1,1a1yiya ndustri f6,.:

Area, Jpipur , a :wholly owned subsidiary :of

(hereinafter referred.to as 'REL').• - •

k

1.

2. WHEREAS. RIICO

industry with the help_of IL by putting tho.existing •,fixed assets of REL dnto productive use may be i,

mentioned that REL is cOntinuously making heavy. • .1

'losses each ye ar. ,Its.,has.. been -'felt. that due'. to;

various adverse conditions being faced by

. highly competitive market conditions prevailing in 1

the TV industry throughout the country, it_may:not

be possible to make op.erations of REL jITICO

is also.desirous to recover its.unsecurad loans from .

REL through the sale of fixed assetsof:RNL.

n 8 V A I O N g la g e §• • , 7 A r S e f t q a M f b A N W I

' .1A;NG.I.Tr-M21.f4VaTE51.7LUIRVITC_A:.'qNeStz.W4'fF4./t

eiti9.0 e) .teiftEECI 1 i l l IP;;40 A t c r i.' f i aiej,,:,,. r• ,r,.'Et i.,,,11% r r . : %.7.404131:lierhAs..t

' "f: -.4 1 ( t . t , Ai Elr 51. # , I V . ir,.. i

, . 0. . f .' ,,u 4 411; i ' t : 1 41 ,14.4 Ei:\4„,.. , 9, . l i , T., t ( % 44: ol . z i , i . . a . . . ' i .,-.....e.1.,.....,• •4•-.43.41-A.146.41t,..... 0:4--m:-. ---,-- -4-

h . IC , ,...- ...1 frm sm::,:m ri r..-72-cv

4i4AVV.1114. .

is desirous to -promote an electronic'

100C'648

; t̂

L.-3)

plan t a n d ma chiner y o f REL sui t able o t, - • • •I i i ab ove :c ui re ment . I L 1so j e u l i s

• -•-• • •• •-•som e of the technical and o the. r iTtanr,co.wer]..

• • - '• • ,, Eu:r ther , I L ha s got •:••••tw...D of Adfar::a01.1r:L n- • • - • • • •9 1 ac re s arid 1 2 a c r e . s ad jo in in g „ I-_o I h - i r , i . s t in gres id e n ti a l colony and the f C t e

t o RI ICO:

; WHEREAS. I L .ha s

I L i s desi rous t o t r ansfe r the• • "

i n lieu o f the L i c i a s s a Ls , , c . f . RE L:

g L icJ iL- hi, ' iv - -1

;• • •• ••• • • ;

WI-IEFEAS REL ha s clec:icict‘.:1, . • , „. •.rlompetil j , r marke.c sale

- ,,r--.-:-.K.empt.i,...-pri etc . , i t may :not 1:),F.,••- pc,ssij-_,le:. t .-_ ,, . make t h e .;,

- • _ _of ,era t ions . f P L there.fe...re.:, -

)7,(F... utilised for some, other purpose. ,

WHEREAS PI IC O ap pr oa ched I L t o bakc . ove r , th a asse ts•. .

o f P.EL s ince I L • is se t t ing up a projec t fc ' r the ._ _

ma nUfa c t u r a L.0 Un i n t er r u p t e . c l Power Su p 1 i and

EleC . t ronic , Swi Sys ter r is-

1 a s th a n . I L ha s ident i fie .d l an d bu ild i n• • . -

Yri

. .

F P.EL J..=rom -111-11...'iD i n exch a n j E' rid a. ,

k•-=

• • • I Lt, s 14.1: t.nr No • ohlD 11/ 1 1 tr-q ' 14 "

Novembe.r , 19 91 i n pu r s u a r i c f ,-..! Boa r .-1

reso lut ion No. ' 19 4 . 2 • da t e d 1 4 October 19 11. T h e

abova c.ffjj. was, cda sid ere ci by • the Ei cr1 c;;7' ri

s meet in h 1d • oh 1 5 Co-.;,••• "2' ^ ' 'v..1 t_ (Df r T IC c l i i i t s rr c L i 1 1 J hea d LII l

November, , 19 9 1 . Now the ab ove-a s fo l lows :

•par t ies

4.1 :Fo r . transfer o f the , fo l lowin j fixed: .

assets of REL a t Jaipur ..

fu r the r t ransfer , toor ' 2

4:•;41, .•

••••,

'

. .

• -

i I

lina4,52;6177;.17."-4L1,11Ct-y X.,.- 'Fa (o.cy 552(3 sca

- Adiftri . Block , 4201 sq m14-,- 9727, sa,ratr...•

• ,_

• ) Building

- Factory 1302 s's-,mtr-r,..-,,• 0 , • .

- Admn Block 123.. 6 sq rbr- Plantation etc.

'iii) Plant and,Machinery

;;•.' (details as - per Annexure7

iv) Miscellaneous Fixed assets.

(detai)s-as per Annexurer.i:

Q 0 64. ,4 .

•nt

- - - —4.2 I L shall transZer_1"4-acre*..C 1 - J nc i ' r i i a r their• - • ,

factory premises' and -'91--acres'ajacent.:._to ,,,...;• • , • • • •. • _

Ux e i i 11.0 . 1 E l r i g ; co,LonY '317. .L) •;.1•5 L t e r s .1=

)4/<7)

at Annexure7.II.I.,) in lieu 6f Lhe fi : . :ei I assets,

of REL • t RI I C 0• -tr..RIICO sl-iall LrE to La.l:A.,.. pssession

said lands in consicleration part 'off -;'-the:?:"

unsecured 3 oans given by RI1C t P L ndT .

these lands shall be transferred'int.he:-Tiame.--:'.. . ,. _of RIICO. The total cost of.:the -FixPd'assets-,--!::'

of REL mentioned in Clause: 4.1' - has heen

estimated -at'Rs.72.17 loc Th e C O L f th elands being :offered by IL at'.;:r2t.4..:m.entioned_

above has been considered equivalent to the.!:;;;.'

cnst of:Thi.. fixed asSPts nf:REL mentioned i n, .

Clause 4.1. 91 acres of:Jand.,adjacent:::to.

the housing colony of IL a— is'prornsPcV, , - .to be used by RIICO . for : residential- /

• • • - X • • • '

/

commercial / other , inrrastructural,

facilities for ',21-le entrepreneurs 10%•

of the total res ' plots proposed

to bo allottad ..-.atxt7axtzeneurg

also be available. for !alio

employees

.3 REL shall agree to •'assets'.as mentioned at - clause" .

RIICO for transfer to IL' at:',-4....-t„otalconsideration of Ri1.72.17'1acs. The .

abov1,-,- amount shall be credited to the

account o -f-'-'RP,L by RITCO-

unsecured loan obtalned.7-by-VREL . f r o m_

.4.4 IL shall offer employment-

employ s of, subj,T:ct7.17t6'Y.Medica. :__ .: fitness and .vigiiance clearance.'

_ .will be suitably fixed,:—.1.n.. appropriate.--pay scales .t..f IL depend:i,ncij

qualifications and e-..(periz.:nce -r.7 hc1r

total ' present :moluments'.lywill bc

p.-coLected, .to the e2 poss ib le IL.:tent-

also agrees to take over'-'liability*of

the accumulated p t benefits of these ,

.employee to the ex ut he ,same

operation in IL provided REL transfers

the. amount equivalent to - their

,

_,........-,............,-....------,..--....---...............,...............--... ,..-2_,.,..!,.-4accumulated past benefits on the diceof

transfer. _.,.. All -these . employe...es • will, - - be.„..... --,.-.. .... • .,.• • ..., ..-J• .•.... ,. ......:., . on probation for a period: of one year..in::,-,.:

accordance with the rules of II,

•• •

'

• . . ,

• .,

.•

."•••

g l

• . „

' ", . • • ; • • •T h e above MOO. i s :he S a e ••

Gove-rniml-nt. o f Ra j a s t h a n . . ,.• • •>, - - '

For Raj ast h anEle c fp ro n ic s Ltd . ,

I .

(S.1{. MIAT.L)

WITNESSES:

1.• ,

( R. •VeRfrr A)

X f rc

3 lc( o

For RIICO Ltd.,

•(S.T. GaT.A)'Managin0Dipi,.ct0r

2 . '11 3.

47.17

. _(K.VASUDEVAN) -

Chairman -cum - Mg . Di r ec t or . . . . ',

P s P-i

•

N

\\-6

)000543

FORM "C"

Rajasthan State incJim$1:rial rp)kireMCar)Mt=1.41t

investment Corporation LimRed

LEASE -AGREEMENT

(SEE RULE 11 OF RI ICO pisposAL LAND RULES, 1979)

f/-)77•177:4`'Industrial Area .'

4 i •t • Al. I M • 7 ,4 j p

THI:S LEA E AGREEMENT made on thein the year one, thousand nine, hundred and 17 . , .... between Rajasthan :i,'tate,Industrial _Development & Investment Corporation td., Jaipur, s body Corporat,-.. incor-porated under the Indian Companies Aot, having Rs Registered Off ice at Udycig Bhawan,Taal: MF.,rg, Jaipur 3G2 00'5 (hereinafter called the Lessor which E. :..prenion shall, unless theconte:4 does r iot so admit, includes its successors and assigns) of the ONE PART AND

Shri ............................................... S/0................................................... Age .......................

R/o .........................................................................................................................................

Prc-,prietor of the .F.ingle-Di.vnet firm of .....................................................................................

--AL.‘ct

OR

' Shri ............................................... Sio ................................................. Age ................,

R/o ..............................................................................................................

Shri ............................................... /o............................................. ....... Age .........................

R/o ................................................

Shri ............................................... S/o..................................................... Age .......................

R/o .........................................................................................................................................

Shri ............................................... S/o................................................... Age .......................

R/o .........................................................................................................................................

constituting the re istereJ partnership firm of ........................................................................

Asst t . Site Eng ineerMal viya In d , Ar©a

WO 0 6 42

k.._,G.7.7"

119.Niit-ig- its registered offic,,s, st

•OR

, , - z zA societ;>registered).inder the C):4- .operafiveic:cieties Act, hereinafi.er .colled the L(ssee,

, (which E17.:preszlcm shall, unless_.the conte:.1 ,:k.es not so a4tc-iii:, inolucle- s heirs, • (.4.46r7.3)i t s a ,i:ffil'inistrator;:, legal representatives,Aind permitted, assigns i i _.....,-,.,,,urs andperrriiitedasOns. OF THE OTHER KART •

1-1-e-M.ZA 644h--WHEREAS the State of Rajasthan handed over the land at .............. to theT Lessor(Rajasthan State Industr ial Development & Investment Corporat ion Ltd.) for the purposeof sett ing up an Industr ial Area and the said Lessor (Corporation) sub -divided the aboveland into plots for industrial units for leasing out such sub -divided plots to industrialistsfor erect ing on each plot a factory according to the, factory bye-laws and building plansapproved by the proper . municipal and other , :ompetent authori ties.'

Arm* Vlitr,12A1 fifit As;.',A7tiv.,..1:1,:z. t o a,s-.11 hat ,..:44„)..Alnt4 ted 2pth Dev ezbe4c419V1 bo t t i em n Reja tkia.o44krAl te0(A u t o l l y qtzmtd 42.11-,,s id ia rr CoNp. lny o f Pr ICC1ertA TAatFAmentv tt icom t LQts C LCc r elf Lev ,Nut lAi nos AnA & l ' i am bine r v Coe. t h l r f t -rthe o c 1 Tnd ,

111.1W 471,137-47- 4/..• ' / t

2

-a company registered under the Indian .Companies Act- and

,o17-7 tro-s

4

1 . ; TO .purz,444o ily of .0.7)4, ef o rmo a i l l gMairmen Aaa I n ecnomaeraT .J .m c .an4 4g re e m o p t l . harem cw . t a t ac f.4 i n MOU tc at odtb e r e l oy . r ns t r um - :n t I= U on Lim i teS Vizs In ' t rensfert t s tmar,mentr,..-metzt t t i . 4UJ n 4 /*.4'1,5.fizt71.4

n.s4.- 7 c-c ( R

; :Ira t h t..bg,14

fittt tds - •(

-A t'rk tiw 3 € •• _

a t • s'-‘

toumrd4- W - gfiltial wzonomic -iumt araf ir i ‘7 1 . - - 1 0 * .7:114# ie ss •O r i•Ot 1.1#2,..rcks7i_f 4?ati..1.s,74 Lt ..141.1,

t h riA,110,tat. pt . LeAn4. r.41re,:-.e:kled .;p.;•1•-;4147.4ink;.r3..el. *.r 'lye:7! s'.; r ,. „

^o i t r om.1..cst 55 24 W.:57),,,;12I.1 .374 Ta=v 1,41471----At

wA l t the7F iT t ! . . re r .

el/E'Ctrit.; vvri t/b underdemised premises, if deemed necessary by the Lessor for 1113 successor'sassigns, In developing the area.,

(b) Ful l r ight and tit le to al l mInes and minerals In and under the demised premisesor any par t thereof.

„Ass`d. Si te Enpf ieqtMaiv iya Area.,

P•

3 i000637

(o) Yielding and paying therefor unto the Lessor by 30 day of Apri l in each year• in advance the yearly rant. The .:;orporation reserves the right to revise the

rate of teeonomic rent In every E. years, provided, however, the enhancement• in rent at each revision shall not e:.:ceed 2E % of the rent payable for the

• period Immediately preceding revision. The quantum of rent determined by the .• . Corporat ion shal l be final, conclusive and binding on the al lottee and it shall

not be queStioned In jny court of law or otherwiSe.

/ Provided further that in case the Lessee creates charge in favour of the State Governmentor Industrial Finance Corporat ion of India or Rajasthan Financial Corporation or Schedule

, - Banks for any developm ent loan taken by him/i t on the security of the premises- herebydemised and the bui ldings and machineries buil t upon or affb:ed thereto, the fi rst chargeof the Lessor LilaII rank Eecond to the charge of the State Government or Industrial .Finance Corporat ion of India or Rajasthan Financial Corporation, 1.0.1.0.1, L:I.C.IRBI,FIDFC,SIDEI and other Public fieancial Inst itut ions as defined in the Publ ic FinancialInsti tutions Act or Scheduled Banks, Provided the State Government or Industrial FinanceCorporat ion of India or Rajasthan Financial Corporation or Scheduled Banks keep aspecific, clause in their mortgage deed that breach of any of the conditions of these

'7-• presents (Lea,e, Agreement) shall be treated as a breach of the conditions of their

0 . mor tgage deed.

Provided however, that the above proviso shal l not operate where.sheds are cOnstructedOn the demised premises on hire purchase basis by the Corporation. In such cases, theLessee could create second charge in favour of State Government or Industrial FinancialCorporat ion of India or Rajasthan Financial Corporation Or I.D.B.I., Or 10101 or L.I.C.,IRBI, HDFC, SIDBI and other Fublie Financial, InatitutionS as defined in the Public,Financial Institutions Act or 3c;heduled Banks on the land and buildings and first chargeon the plant and maehineries‘, for any development loan taken by ,

AND THE LESSEE DOTH HEREBY COVENANT WITH THE LESSOR IN THE MANNERFOLLOWING

2. (a) That t h e t es s ee .:1011 bear, _p-Sy and di-.'seharge all ra tee, la hatges andassessMent or every deseript ion which may, during the said term, le essiesed,charged or im posed upon either on the tandlord or lenant or the c iecupier inrc;spect of the demised premlsee or tht l ' bui lding to be erscted ihereupon.

e-2. (aa) The lessee:, /shall pee/ the cteelopment h i r g I i he, ptce caleut4ted ?t

./erate preeleribed by the Ceorporatton for eaCh Industrial Area from time te t ime.The Ctirporat ilen reserves the right to enhance the rate of development chargesif let-recomprensai i,en payabte under an award is enhance,d•by any' competent

• ,;.t.4tirt sulagequendy. •

(b) That the Leseee wi ll bear, pay and discharge al l serviee ha rg s road main-tenance charges, street lighting charges, arboriculture charges and other an-cillary service's, required for the upkeep of the industrial areas which mayduring the said term be a•isessed charged, levied or imposed by the Lessor.

• "The lessor reserves the r ight to revise the rate ofSIE;IVi(7 ,5 charges from t ime

• to time and the dee:Won of the lessor shall be f inal, conclusive and bindingon the leases and i t shal l nOt be questioned in any court ol law or otherwise."

That the Lessee will obey and submit to the rules of Municipal or othercompetent authority now eAsting or hereMter to Fdst so far as the samerelate to the immovable properly in the area or so far as they affect the, health,safety, convenience of the other inhabitants of the, place.

(d) That the t_GL, 3 G G will erect on the demised premises in a,ee,ordance \Mtn- thelayout plan, elevation and design to be approved both by the Lessor and th&competent local authority in writing and in a substantial and workmen -likemanner the Industrial UnitS as aforesaid with all necessary out-houses,'eeWers,

,• drains and other 'appurtenances aitedrir.ling to the, local authcirity's rules and

•

M al ‘ f r j a •'

(c)

10006364

by-laws In 'respect of buildings, drains, latrines and connection with sewers,and will commence such construction or main production shed within the

• „period of six months and wi l l completely finish the same fit for use and start• commercial production' wiihin the period of 24 months from the date of these

presents or from the date of pos, ion, whichever is earlier or within suche:qended period of time as may be allowed by the Lessor in writing at itsdiscret ion on paymeni of retention charges as Cetermined by the Lessor.

(e) That the Lessee will keep the demised premises and the bui lding thereon at• all times in a state of good and substantial repairs and in sanitary condit ion.

(f) That the Lessee will not make or permit to be made any alteration in 'or'additions to the said buildings or other erections for the time being on thedemised premises or erect or permit to erect any new bui lding on the demisedpremises without the previous permission in wri ting of the Lessor .and the localauthori ty and except in accordance with the terms of such perm on andplan approved b y the Lessor and the local authority and in case of anydeviat ion from such terms or plan, will immediF.iiely, upon receipt of noticefrom the Lessor or the local authority requiring him so to do, correct suchdeviation as aforesaid, end if the Lessee shall neglect or correct such deviation —for the space in one calendar month after the receipt of such notice then It

• :shall be lawful for the Lessor, or the local authori ty to cause such deviation

to be Corrected at the expense of the Lessee, which e.:•pense the Lesseehereby agrees to reimburse by paying to the Lessor/Local Authori ty the amount

• which the Lessor/Local Municipal Authority as the case may be shall fl:: inthat behalf and the, decision of the LeF3or/Local Municipal Authority as thecase may be, shall be final.

• (g) That the Lessee will provide and maintain in:good repairs a properly construschami• approach road or Path along.vi th the event across drain io the satisfact ion of

the Lessor/Local Municipal Authc.lity leading from the. publ ic: road/Corporat ionroad. to the building to be erected on the demised .premises. •

(h) That thte Lt!:;.,ee •vvill not carry on or permit to be, carried on the ,Jernises anyobno'. .: ious trade or business whatsoever or use the same or permit the same -

, to be used for any religious purpose or any purpose other than for the- Industr ial purposes aforesaid without the previous consent in writing of the

Lessor and the Local Municipal Authority and subject to such terms andcondit ions and the Lessor/Local Municipal .Authority may impose and wi l l notdo or suffer to be done, on the demised premises or army Part thel-eof any

• act or thing which may be or grc'w to be, a damage., annoyance,or'inconvenience to the Lessor or Local Municipal Authority or the os.,iner oroccupiers at other premises in the: neighbourhood. -

The Lessee WM not Without the previous consent in writing of the Lessortransfer, sublet, relinquish, mortgage or as ign his, interest in tl,e. dernise.d-

• premisea or the building standing thereon or both as a %.vhole, and every suchtransfer, assignment, relinguishment, mortgage or subletting or both shall besubject to and the transfers or assigns shall be bound by al l the Conve,nantsand conditions: hereincontained and be answarable, tc, the: Lessor in. all respecttherefore, and the Less.ee will in:no case even ,,vhen consent has been givenby Lessor as aforesaid assign, relinquish, mortgage„ 'Sublet, transfer or partwith the posse.ssion uf any pc.irtion less than whole of the demised premiSesor cause any sub -division thereof by meters and bounds or n_Aherwise, providedthat prior permission as. aforesSid shalt not ba necessary in ,the isNent i i

mortgage without possession in favour of ei ther of the State Government or• of the Industrial Finance Corporation of India or in favour of the Rajasthan

Financial Corporation or •I.D.B.I. or 1.0.1.01 or L.1.0., HDFC, SIDBIand other Public Financial Insti tutions as defined in the Public. Finance Inst itu-

(I)

Asstt Site Engirteex

ci

5 )000635l ions Act or Scheduled Banks to secure loan or loans advanced by any ofthem for setting op On the. demised premises the industry herein beforementioned, but any such mortgage shal l be subject to the prior charge of theLessor under the ------LUrid provision to Clause 1 (c) above.

Provided further that I i at any time the Industrial Finance Corporat ion of Indiaor other financing body or bodies mentioned above decided to take over,

- sel l, lease or assign the mortgaged assets in the demised premises in exerciseof any rights vesting in it by virtue of deed or deeds executed in its favourby the Lessee at the time of taking the loan or loans or under any will forthe time being in force the sale, lease or assignment will be subject to the ,M U t U a l consultation with Lessor and the f inancing body or bodies as mentionedabove.

Provided Further that the Lessee will so often as the said premises shall byassignments or by death or by operation of law or otherwise howsoeverbecome assigned, inherited or transferred during the tendency of the termshereby granted within One calendar month from the date Of such assignment,inheritance or transfer deliver a noti,7G, of assignment, : inhetitance or transfer:to the LesSor setting forth names and descIrIbtion of the put les VI) L; \APT

probate or a will or letters of administration, decree, order, certificating orother document of affecting or evidencing such assignment, inheritance ortransfer and document as aforesaid accompanying the said notice shall remainfor 7 days :at the office of the Lessor AND it Is hereby covenanted that fai lureto carry out this condit ion wi l l without prejudice to the right of the Lessor todetermine this Lease Agreement • for breach of this convenient entail penaltyof R . 500/- to be paid by the Lessee.

a) That Lessee wi l l permit the members, off icers and subordinates of the Lessorand workm en and other perszIns employed by them from time to t ime and atall reasonable times of the day during the said term to enter Into and uponthe demised prernises• and the buildings to be racted thereupon in order toinspect the same.

(k) That the Lessee wil l not make any e.y.:-.avation upon any part of the demisedpremises (except for foundation of bui lding and for ,levell ing and dressing thearea) nor remove any stone, sand, gravel, clay, earth or any other materialstherefrom.

(I) That the LesSee will not erect Or permit to be erected on any part of thedemised premises any stables, sheds or other structures of any descript ions—whatsoever for 'keeping house cattles, dogs, poultry or other animals e:t:cepfand in so far a s may be al lowed by the Lessor in writ ing.

•(m) That the Lessee wil l neither exercise hi a option of determining the lease nOr

hold the lessor responsible to make good the damage if by fire, tempest,flood or violence of any army or a mob or other i rresistible to: cc, any materialpart of the demised premises if wholly or part ly destroyed or rendered sub-stantially or permanently unfit for building purpose.:

(n) That Lt1J:),.44°._ iv shall listruct and "pomplete Said bulk,-,ifngs an /p u t [tie,1,4---demisedif:irernisess with the bui ldings constru0ed thereon' to u s e hereinbefrore

I me.n tioned v.vithin 24 months from the date•Of this or from the. dateof pciasessior,Vof the said {k id is ha /nd'ed over t(4 him, whhtfiever is/earl ier

•.• proVided thaf the- Lessor.mey at itsidisoretion -Ytend the i?ierie he,rVnbe,fOreprz{vided )4' In his opinign the delay is caused fl it ' reasons 'beyond the control0/ the 1.4sSee.

•

A r i t Th ineerMalv Iva ! n :-.3. Ar ea ,

i000634

Provided that unutilised land of the allotted plot or plots shall revert to thecorporation on the expiry of the prescribed/e:.:tended period for starting produc-tion/expansion of the unit .

(0) If.

(I)

during the terms of the lease the lessee or his workmen or servants Shall,

injure or destroy any part of building or other structure contiguous or -adjacent to the plot of land hereby demised.

• (ii) . keep the foundation tunnels or other pits on the demised land open -ore:. :posed to weather thereby causing any injury or damage to contiguousor adjacent buildings, or - •

(iii) dig any pi ts near the foundation of any building thereby causing any injury-or damage to such bui lding, the Lessee shall pay such damages thereforas may be assessed by the Lessor (whose decision as to the. e:•:tent Of

• Injury or damage, or the amount of , damages payable therefore shall be' f inal and binding on the Lessee unless within three months from the

receipt of orders therefore the Lessee prefers an appeal to ther arbitratoras hereinafter provided and if an appeal is preferred, the decision of the

. arbitrator shall be binding on the Lessee).

(14 The Lessee shall also. abide by other terms and conditions as May be laiddown in R1100 Disposal of Land Rules, 1979 from time to t ime.

(q) If the, Lessee, Ving a registered orunregyAered pa.rtfiership firrr or a c9operatiVei, , - --' society, is dissolved and no, SuCcessof In interest is appointed wisthin 130 days

4'4. 'its dis-solution-the Le r shat i . te entitled- to deterrn- ine thi41' '•Agreeth-ent.. .

AND IT ,LS HEREBY FURTHER AGREED AND DECLARED BY AND BETWEEN THEPARTIES TO THESE PRESENTS AS FOLLOWS :- • ,

.(a) Notwithstanding anything hereinbefore contained if there shall have been inthe opinion of the Lessor any breach by the Lessee or by the person claimingthrough or under him of any of the convenants or conditions hereinbeforecontained shd on his part to be observed and -performed and in particularwithout prejudice to the generality of the sub -clause, if the Lessee transfers,rel inquishes, mortgages/or assigns an; part of the demised, premises less thanthe Whole or transfers: rel inquishes, mortgages; or assigns the whole of thedemised premises without the previous consent In Writ ing of the Lessor ashereinbefore proVided subject to the exc:eptIon Ii Clau,se (211) trt e

/

%.q. • -••

f . ,013 ci‘a2' 4.ortritP6' kt211-1116.

' or it ri tiis"dete-r in ine/ as heriaintefore sp A i f i eD i t shall be lawful for the LessorSubject to the proykions of th is lease deed (without prejudice to any otherright of act ion of the Lessor in respect of any breach of this Agreement)to re-enter without taking recourse to a court of law upon the demisedprem ise; or any part thereof in name of whols and thereupon this demiseshall absolutely CEASE and determ ine and the money paid by the Lesseeby virtue of these presentS shall stand forfei ted to the *Lessor withoutprejudice to r ights of the Lessor tot recover from the Lessee al l money thatmay be payable by the Lessee hereunder with interest thereon ......per annum' and the lessee, shall . not be enti t led to any com pensationwhatsoever. Provided always that the Lessee shall • aL l iberty to removeand appropriate to hirnser. al l bui lding erect ions and structures, i f any m ade

t) 1-'4 / ,

itet :LrIgit te(n

7)000633

b y h i m an d al l mat er i a l s t h e r eo f f r om this O m i . s e d pr em i s es af ter p a y i n g u p

al l du es , th e pr e mi u m an d the leas e ren t OF° dat e an d all mu n i c i p a l an d

. o t h s r t axes , ra tes an d as sess ment s th en d u e I n c l u d i n g servi:.e.• c h ar g es e. g.c on s e r va n c i ; c h ar g e s a n d a l l d a ma g es a n d ot h e r d u e s ac c r u i n g t c . t h e L e s s or

an d to r e mo v e the ma t e r i a l s f r om t h e d em i s ed p r e m i s es w i t h i n t h r ee mo n t h st o t h e d e t er m i n a t i o n of t h e L e s s or an d In case of f ai l ure on t h e L es s ee ' s p ar tt o d o s o , th e b u i l d i n g and er ec t i on : s t an d i n g on t h e d em i s ed prem i s es an d al lmat e r i a l t h er eof shall ves ts i n t h e L e s s o r a n d Les see s h al l t h e n h ave n o r i g h t

t o c l a i m f or th e ref u n d of an y mon ey p ai d b y h i m to the L es s or u p to t h at

t i m e j r t O Im an y comp en s at i c m for the St r u . : : t u r e an d material:1; p u t iJo b y

h i m on th e de m is e d pr eM is es . P r ov i d e d f u r t h er an d al wa ys t h e r i g h t r e- en t r y

an d d et er m i n at i on s of t h e l eas e as h er e ln b ef or e p r ovi d ed s h al l n ot b e exer c i s ed' i f t h e i n d u s t r y s i t t h e d e m i s e i p r em i s e s wh i c h has b een f i n a n c ed b y t h e S t at e

Go v e r n men t or In du s t r i al F i n an c ia l C o r p o r a t i o n of In d i a or the Rajas t hanLF i n an c i a l C or po ra t i on IDBI , 10101, LIC,, IRBI , HD FC , SIDBI and ot h e r P u b l i c

F i n an c i a l In s t i t u t i on s as def i n ed in the Pu bl ic F i n an c ia l InSt itu t iOns Ac t or

S c h e d u l e d B an ks an d the said f t n anc i n g bo d y or b od i es remei t l y t h e b r e a c hwi t h i n a p e r i o d of 90 d ays I r on the d a t e of n ot i c e Li sp ed or s er ved b y t h eL es s or on t h e said f in an c i ng In s t i tu t ion or Ins ti tut iOns r eg ar d i n g said b r e ac hor b r eac h e s .

(b) All legal pic,ceedIngs for breach of the conditions, af oresaid shall b e l o d g e d

in cou r t s s i tu ated at Jai pur and not elsewhere.

(c) A n y losses suf f ered b y the Less or on a f resh grant of the d em i s ed premises .f or b r ea c h of con di t ion s af oresaid on the par t of the Les see or an y p er s on

c l a i m i n g t h r o u g h or und er h im shall be rec over ab l e by the Lessor .

(d) An y not ice requi red to be served her eun der shall be deemed to have beensufficiently served on the Lessee if served by Registered Acknowledgement DuePos t an d signed .by an C.If icer of the Lessor an d the services shall be d eemed

to h ave been made at the t ime_of wh ich th e reg is tered ! el ler woul d in th e Or d in arycour se be del ivered even though returned un-served on acc ou nt o-f the refusalb y the Les see or otherwise howsoever . A noti f icat ion of an y dec i s ion by the

LeSsor shall al so be served in the, .same man ner as presc ribed above.

•T h e se;:k..irity d ep os i t mad e' vd t h the .gpi tt l I cation for :Allomiept of lan d., snai l , be •r e f u n d ed to t.rie Less em- af ter the uni t g oes Intr.-vcOmrrierr.: fal proci t,Ktion .on e n

yo- ,ap?f i cat i V" rnade . t .T y

T h e ..recurity.0:leposit. -shall s tand f or f e i t e l biy,-;217;r I - 3-h y

rid(? c on t a6 e, d Le , w ' ' 'Agree,m;nt .

(g) A l l p ower s exer c i s ed b y t he Les sor u nd er th i s lease ag reement may b e e erc i sedb y t h e Man ag i n g D i r ec t or , Rajas th an State I ndu s t r ial D evel op m en t & I n ves t men tC o r p or at i o n Li mi ted or such oth er pers ons (s ) au th or is ed in this behal f .

(e)

(1)

Pr ovid ed that the es:pression Managing Director shall Inc lude the person Who is

ent rus ted by the Lessor with the f unc t ions S imilar to those of the Managing Di rector .

(h) Every d is pu te, , d i f f erence or ques t ions t ou c h i n g or ar i s i n g out or in resp ec t of

th is A g r eem en t or the subjec t mat t er ther eof shall be ref er red to the sole

ar b i t ra t i on to the Col l ec tor of the dis t r ic t where in the leas ed ' p lot is s i t uat ed

or an y p e r s on ap p oi n t ed by him, the dec i s i on of such arb i t rat or shall b e f inalan d b i n d i n g on the part ies. ,

3 ( I ) n o str.c11:3:, t4.*Ity i s payab le s-i e o ' e r 2 t , a t t s Cov t * ,

l i l ted: ..-vm

Nss

3 7 ,• (-

10 0 C 32

IN W IT NESS HE R E O F THE par t ies her et o have set their hand s this day ... . . . . . . . .of the

mo n t h o f i -44,in the year ............15'3 2-

i i c t S Q i ,Lr ig l i t t-.-.0I7F or on c l , on 13..enqlf of :

Raj as t han 8tate Indus t r ial D e ve l op m e n t

. , an d In ves t ment C or p or at i on Ltd.

t /Si g n at u r e of W i t r a .t c - , Lessee: -•

,-,7 r - -- __ _- -A - ,..., 1 ...----). I 1 ., .......P---C r - ( . J '-'

" 1 - ,( . I , I • - ) . L e t . L . , . . . .,_ ....,_ ,_,-,1_ t r - --- , '1,-1.-I---1- t-,--.-2, -) -1-1 /'_/1 - - , $ . ., t, ,-. 1,91 -9-11/ , , A

L - - - - - - - - f 17.1- i, / t 1_,; -, , 0,R„t if t .PT ,

rlarn,---,11 -- Vf I i.f.-, / ) f larn.:. r'-'1:: El-vl—f- ",-- , -- , -^1, - , Z - V - - -/ -s.... -Nn . 1—tg--( in c.spital letter3)‘ - - , - - g r , ,-' • ( in c-.api lal tellers )

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Ad dr es s :

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F:AJAST1-1 7 7,2;a7T9.017/(27 :1_,IM/TED

FE-2 / 1 1 alv i ya • Ind as t t i a l AreaJaipur 30 . 2006

26/V92

RIIC O Ltd,udyog Bhawan ,Tilak Ma rg ,Ja ip ur .

D1 ' ,

r •7" 777' ,5F , 4± •: ::;T •C •':L:7116: TV19.1 X:t'..1:',117,41 -Aliiris'st$Sf;1*--°t '

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Dear S ir ,

Ra ja.-,t'..1-Lan Elect ronics haz,- entered in to a n Agreement t o •Se ll da te d 20 . 12 .1901 1,7ith In St ruma n ta t io n Lin i i t ed , 0tafor t r ans fe r o f assets ,c f i t s T i factory s it uat ed a t

FP-7 1 7 W 7 0 *--,17,V ,Vr i t . A.f;fty*.;*foi.:i,:4- 10:77:677:tliTi7J.77-1—#7.7;7714. c....)eDy il.,f theAgr eement t ,o Sel l duly ce r t i f i e d 1 5 en clo se d for yo urinforma tion a n d re c o rd . You are requested t o kind ly t r ansfer .

the lease o f the at o resa id plo t alo n gwi th s t ru c t u res , f i :c e das se t s , f i t t i n g s end 9zon3 t ruc ted a r ea . th ereo n infavour o f

IL, I co t a i n pu rsu anc e o f th e afo rz,sa id agre emen t t o se l l -. .

I t i s - for your kind in fo rma t io n tha t REM be ing a sicku n i t , a s ' ca r t :I 1e.:1 b y V1 / / C 0 v ide i t l e t t e r No. r . D / E L /T 7 / 7 . °Rhb . l idat ,e 3 27 , 1 . 1992 ( .0 .-.4:71-1 en c lo a ed ) i s e. :nempted friLvk paym ent o f

,..,:ta r t ip du ty for t r ansfer of asse t s a s per nOt i f i ca t im o f t he

s t a t e Gove r n m e n t 7:1o.T" . 2 (5 ).Pin 'Cr. T11/37. .:1a. trail 27 . l , 1 c4 You arat h r z i r efo/ ;.e , r uezt ,:-...,.:fl t o kindly- ex ez iu t e the lease de e d before

,_,..31st Mar ch, . 1 992 .

Than king you ,

Your s t ' a th f u l ly ,

(P . M . JA1 N)DY.I.V,NAGER (F1NAUCE)

R M , i i O L t d , Ma lv i ya I n t r 1 Ar a. , Ja12uf.

(p,M.J ,\ IN )

•

RE L .

./f„a- Yo u th•E : ref c • ! . .-e , 1-0,: f u ,..:;,F•-ted t o rnal.::e ne cessary ar t -an g er i l en t

/ f o r e : ' . : a c u t i o n o f th e 1 e a : 3 e de e d z-i.nd 1 s c . t i u p wi t h

I n s t r -u m E m t -A t . i , f ,n s L i r l i t a a ar i d R L ac co rd in g l y.

GUR DI AL S I N G H S AN L H t JE X E C U T IV E D IR E C T O R

Dear 21-,ik.f41v.

)000629f i a j & s t h ar t S t at e I n d u s t r i a l D ev e lo pme n C,..

. I n v o s t i n e n t C o r p o r a t i o n L t d .Rajwithan Gcvernmant Undrtalcing )

Lidycig h j w n, T ilak Ma r g „ J a i p u r - 3 0 2 O K ;

D , O . No. I I ). / E L ,

DEit-Pd. 28 t h

Pi. R a j & . s th a r 1 e c t r c . , n i ,: r a u r r . E L ) h

r •,a,-Tac s t e . . 1 h h Corpp ...:-.at ic . - .,n t o 1 t 3 deed i n

f av ou r o f M. / 3 . I n t r m n t r :o ta .( IL ) .

For t r a n 3 f e r r i n g :DE t h e aszet s o f h e T V f a c t o r y

f:,l o t No . 2E - 7 ' and Ac3.7:-1 r F i t 1 v e o

p l o t 1-.:nOun v a c h 1 t wI t h £ t u t u r e ,-a .7., c , :,r4 t cc..- a. h "•%.--.744, •

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(GURD:r smaiu)

S h -r i B. S . Sh ar . i r t a ,

R gi • -..-. • n a i Ma n a g e r ,Ma lv i ya Nag ar ,J A I P U R .

Ph on e : 32 07 5 .i (10 L in ) :!..3raus 1 RIICO Ci36:E-2:1:./?r,5 •

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r

AGREEMENT TO -SELL

Public S ,

1956 and

Kota

yit:tm.e,eno:,y.nstrumentation_ -

ztor Company incorporated Under

having its registered office

(hereinafter referred

Electronics

Companies

2.00 wnif.nz.!,.s REL is

Indus trial

Limited,

OL e

Limited, 'rots, a

the Companies Act,

a t Jhalawar Road,

. TT . ) and Rajasthan

company registered under the

Act, 1.956 and having its registered Office at •

t7E -7.-77r " ' ,1

a wholly owned subsidiary of P.ajasthan State

DevelopMent. & InvesLtflent

(hereinafter referred toas 'RITC0 1)

.take over the . assets

project for the Manufa

and Electronic

Rajasthan. I L

machinery o f

requirEment.

techniCal

Corporation Limited

and IL is desirous t o

o f REL since T L i s

Lure of Uninterrupted

Switching Systems etc.

setting up. a

PowPr Su p p :l i e a

-Jaipur,

has identified land, building and plant and

REL suitable to Meet part o f their

IL Also agrees to- utilise some of the

and other Manpowar of REL.

J000628

)00G6 27: :

3,00 IWHEREAS REL is also desirous of transferrine land and

building (More particularly described in Annexure-I'hereto)

and plant and Machinery and other mi'sc fixed a'asets (more

particularly described In Annexure-II hereto)

C-*

a s - • • r a-TY.11717 '7 75.

• -.. . , ,. .- . .Ti r ,7,7 .- 3,!!r 7777 -7•• •• ••-•:-...-•.,•,•, -",•-•-;-.

777

N.11

1.1

:qt•

••••:6:

4.00 WHEREAS the fixed assets (more partiCularly described in

Annexure7I hereto) Were acquired by REL under an aereement

. dated 1st J 7uly, 19!35 frOm RIICO and now RITCO has -elven,

permission to ,REL for .further transfer ol! these assetst I L

NOW THIS AGREEMEII.T TO SELL WITNESSTH AS UNDEa

a ) That in cDnsideration of said sum of Rs .67,55 lacs

(Rupees Sixty seven lacs flfty five thousana only)

and also 'in consideration of sum of Rs.4.62 .1ncs

(Rupees four lacs sixty t,wo thousand only) REL aerees .

to: trans:fer and sell land and buildin8 ..(more'

: particularly described In Annexur-e-I hereto) and

plant & machinery and othar misc. fixe-d Ei S te t s (more

• particularly de.slcribed in Annetura-II hereto)'

respectively to IL, Kota. The said 400u/AL to be paid

by 11 td REL in the' form .of PromissorY Note/Birl/

- Exchange or any pther .mode as may be decided by the

: .above • parttes'. , •

That the pOssession cf the fiXed 3 L of REL will

be given to IL by 'a sulLabLa date to be c -onveyed by

REL to IL, as may .be'agreed mutually -.

..... 3i-

JOCos 6,

CJ Th4t the stamp duty and other expenses on such ,

, transfer. of asset/land shall be bOrne by the

tranSferee and the parties hereto agree to execute

all documents and paper,s required for lav7ful

.t.rasfer of these assets/lands.

IN WITNESS WHEREOF _both - th,e7parties haVe put their hands

hereto through the authorised signatorieS in pursuance of the

resolution No.194.2 d.ated 14.10.91 of IL Eoard and Board

Res.olution dated 15.11.91 an'd 18.12.91 o'.i7PEL '

,For Rajasthan Tlectronics Ltd. For Ins"trumentatiOn Limited

I . • r-- - • 1,!'„/..e.r.„ :.-, (.---1-1,=•.int-t-AYP1-''‘V..„..X V T

S:K . T , . (K.VASUDEVAI), .' .A --------777D_RECTOR INCHARGE CHAIRMAN -CUM.-MNAGING DIRECTOR

. .

End: 1. Annxure-I

WITNESSES ,:-

1. R. P. iY// C t.-) . Ii

2 7 . ,D- A PA -t- (27;hi C.9 IL C71- Q V

JO 0 6 5 7

FORM "C"

Rajasthan State Industrial DevelopmentInvestment Corporation Limited

Industrial Area

LEASE -AGREEMENT

(SEE RULE 11 OF RIICO DISPOSAL., LAND RULES, 1979)

, A

r t t

• 77/11,TH

I

IS LEASE AGREEMENT made on the .......in the bet-v:/&:66-Fca,b-sirc-abstate - LIndustrThrDe elop-il'fl 'At•I':8 I 60-'stin'e'rirCaPOTatio'n-Ur e-f, Taipur, "a body Corporate incor-porated under the Indian Companies Act, having its Registered Office at Udyog Bhawan,Tilak Marg, Jaipur 302 005 (heveinafter called the, Lessor which expression shall, unless thecontext does not so admit, includes its successorS and assigns) of the ONE PART AND

1

for7,

Shri • ............................................... S/o................................................... Age .......................

R/o ........................................................................................................................................._

Proprietor of the single -owner firn-1 of r:Y\--Z. .-c 1-1,1,') -1-,? 0:', ,-1--V ', . , • i r - - ri ,‘,,,_____.._,,, .....-,..,,,_,,,,,1-1'-''-' ) ' -'--- —It t. l'" ,_LA _ill() (2,_-_, IAA R,_.

, K OT A ( Rc-fc_u1N6v, )

Shri ...................

R/o ...................

. .

R/o

OR

o .................................................. Age .....................

......... Slo

constituting the ''registered partnership ft

Age .......................

.. . • t",••••••!',."••• ,

of ........................................................................

(

S S t l .

Y..ng,Ineet

1\4alv1\113. 11.1d. Area, INVAGOPALGeneral Manager

11-4.51-RUMENTI.T1C.n. u r r u

ii

I

rt.

a company registered under the Indian

2-,c -f aD

. ••••••••.: •) CL . • : •

Companies Act and having Its registered

OR

) Ai<

offlee' at

r.egIstere,dr unde.r the Co-Operativ ties Act, hereinafter.unless I hq ce95t,e-grdoet not so dtnit it1rIudi rift

its legal r.e.pros-,P1-alives and permitted 'EV:n(0M' and pptroitte,c1. • , ,• •••••• OF THE flTHEfl rT • • • - • •••i- '

. . . •-•- • •

WHEREAS the State :or Ralasthan'handed over the landiat to. fhe..LosSof,i,.•-•(Rajas.than State Industrial gevelgprnent . &•iln :sirfloni. . ,

,-cif setting, up.an.:.In.dustril li"Area and the said Lessor (Corporation) sub„land into plots for industrial units for.- I.easing Oct such sub-diyided plots to IndustrIallst. . . , • . ..-• -_for erecting ,o.n.:•each:plot. a factory 'acc,ordIng to the faCtoy bye:la iS and building plans Ha ppowed by pra"per. municipal and other competent authorities. ,. . , . .

AND • • •• •••• - ?greed to •de.finr.1.%:.:4-1..1.1:.d.:;11.1:.h; .....1-;'°•:.s(1i's.s r.,ha§? . • -

c". . .IpcJ- - as. i-t• - • Nu, p(_11p.,-1..,-.3

_n.

'' • iA, -•

k .,_1 r.fincl(15ifj61.'-uriit. -

1' '7 ' •-• / • -. t

,u f l . . - - ‘ 1 . r u - c t i n g . . . 5 Orlin •• . ... •1 4 . 1 O i ine4e.;--Jgrc.and.;-Nodiry,g plan •ppro\'ed y )1

; . i uu unues: - ••

• - ..

IYA

i-te .g

citq tr•I I fr't:•• LE /3 .

avv.2-LOts.:p•Cii!,i2$44'

dq r

. • •

Pl i t t 4.14,-i thl i

4 to.114-en tip n t i'!

•,dernis`e,assig

eke,

ns

t U atg••1 '•I:i.ei-wperp,,:r1,7.."--11:.etit3-1ru:'-/EolCittc.':ii

c't ..0•'‘'.trai?Pf,Pr''0 El

_E1,1EN W. In E

•••••-•t e r e

r i„ .

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be

r:

„

•• ,.• •. • .. , ...••.-

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„....a n t l •,..•

• ••••---"-:• 1-;05•F-,

s '•-•

9

e

L

I •Watcr tHIgb Lind er iir: I .•

.necessary.

nd -t .6 a and minerals_ . _ — .•t

- "

P .

()TPA-T-1 11-•_.3uf:

-= ..3c)1\!• ITE,I)_

. __•-- -

l j

'

Yielding and paying therefor unto the Lessor by 30 day of April In each yearIn .2advanc4- the yearly rent The Corporation reserves the right to revise therate of economic rent In every 5 years, provided, however, the enhancementIn lent it each revls4on lr di not exceed 25 % of the rent payable for theperiod Immediately preceding revision. The quantum of rent determined by theCorporation shall be fical, conclusive and binding on the allottee and it shallnot be questioned In any court of law or otherwise.

Provided further that fn case the Lessee creates charge In favour of the State Government01 Industrial Firvance.Corporation of India or Rajasthan Financial Corporation or ScheduleBattler for any -development loan taken by him/it on the security of the premises herebydtenleed and the buildings and machineries built upon or affixed thereto, the first chargeof the lessor shalt rank Second to the charge of the State Government or IndustrialPittance Corporation of India or Rajasthan Financial Corporation, I.D.B.I. or I.C.I.C.1, L I.C.111111,111WC,SIDBI and other PLoblic financial Institutions as defined In the Public FinancialInutlitelons Act or Scheduled Banks, Provided the State Government or Industrial FinanceCotpotetIon of India or Rajasthan Financial Corporation or Scheduled Banks keep aopecIlle clause in their mortga e deed that breach of any of the conditions of theselifetimes. (Lease Agreement) shall be treated as a breach of the conditions of theirIttOtIcjane deed. •

Aft:: Novidod however, that the above proviso shall not operate where sheds are constructed, . • — , , _

on me demise° promises -on nire purcnase oasis oy tie teorporation. in sucn cases, meLetteee could create second charge in ‘avour of State Government or Industrial FinancialCorporation of India or Rajasthan- Financial Corporation or I D.B,I., or ICICI or LAC.,tow, IlDFC, $1001 and other Public Financial Institutions as defined in the PublicIlnottelai Institutions Act or Scheduled Banks on the land and buildings and first chargeOh the plant and machineries, for any development loan taken by him/it

AND THE LESSEE 00TH FIEREBY COVENANT WITH THE LESSOR IN THE MANNERl'ULLOWING

. .

2, (O. That the Lessee will 12y._ar;---1;ay and discharge a 1 ---rates, taxes,' char s-pl idI assessment of ev)p,--"&scription which ma ring the said term L‘ea—ssesSed,

charged or L,..mp'osea up.en either on_pe landlord or tenant the occupier Inrospe.ct of Tie demised premises or the bui lding to be erected th reupon.

p, (nn) The lessee shall pay the development charges c11 --the plot calculatec he•

t ra t e p resc r i bed by t h . e- orporatien for eac ustrial Area froniletA-fri-6- to time.eleiet,t)

The Cot porati rves the right topai1nce the rate of c,),,eertsT6preerit chargesIt the, con) nsatlon payable und r an award is enhanced by any competent

PIA)t G Q - Itit Al soquent y.N

140'1" " c 16 4 ‘Pl i ln l ie Lessee wi l l bear, pay and discharge all service charges, road main-W O 'ut.Artil tenanoo charges, street lighting charges, arboriculture charges and other an-

ttA5 ciliary .services, required for the upkeep of the industrial areas Which may

during the said term be assessed: charged, levied or imposed by the Lessor.The lessor reserves the right to revise the rate of service charges from time

to t ime and the decision of the lessor shall be final, conclusive and bindingcm the leases and it shall not be questioned in any court of law or otherwise."

(c) That the Lessee will obey and submit to the rules of Municipel or othercompetent authority now existing or hereafter to exist so far as the samerelate to the immovable property in the area or so far as they affect thle health,safety, convenience of the other inhabitants of the place.

(cl) that the Lessee will erect on the demised premises in accordance with thelayout plan, elevation and design to be approved both by the Lessor and thecompetent local authority in writing and in a substantial and workmen likemariner the Industrial Uff i tS as aforesaid with all necessary out-houses,sewers,di ins and other appurtenances according to the local authority's rules and

-\„.

(c)

1'

it

e-r)PAI-:)›-

(e)

(f)

II11

I i

I I

4 )00c65 4

by-laws in respect of buildings, drains, latrines and connection with 'sewers,rind will commence such constroction or main production shod within theperiod IT Six months and wIll completely finish the ; ; I J I I l e H i f o r usr( and :Tortcommorc:H production wlll i l i i Ho period of 24 months trom the daiu of thosepresents or from the dale of possession, whichever is earlier or within suchextended period of time as may be allowed by the Lessor in writing at itsdiscretion on payment of retention charges as determined by the Lessor.

That the Lessee will keep the demised premises and the building thereon atall times in a state of good and substantial repairs and in sanitary condition. aThat the Lessee will not make or permit to be made any alteration in .or

additions to the said buildings or other erections for the time being on thedemised premises or erect or permit to erect any new building on the demised apremises without the previous permission In writing of the Lessor and the localauthority and except In accordance with the terms of such permission and aplan approved by the Lessor and. the local authority and in case of anydeviation from such terms or plan, will immediately, upon receipt of no t i e afrom the Lessor or the local authority requiring him so to do, correct sut.W

• deviation as aforesald, and If the Lessee shall neglect or correct such deviationfor the space in one calendar month after the receipt of such notice then itshall be lawful for the Lessor, or the local authority to cause such deviation 4)to be corrected at the expense of the Lessee, which expense the Lesseehereby agrees to reimburse by paying to the Lessor/Local Authority the amount .which the Lessor/Local Municipal Authority as the case vnay be shall fix In

• that behalf and the decision of the Lessor/Local Municipal Authority as ,the 411i• case may be, shall be final.

(g) That the Lessee will provide and maintain in good repairs a properly constructed •.approach road or path alongwith the event across drain to the satisfaction of e

the Lessor/Local Municipal Authority leading from the public road/Corporation

road to th,e building to be erected on the demised premises.,11,

(h) That th'e Lessee will not carry on or permit to be carried on the demises any 411

obnoxious trade or business whatsoever or use the same or permit the sameto be ,used for any religious purpose or any purpose other than for theIndustrial purposes aforesaid without the previous consent in writing of theLessor and the Local Municioal Authority and subiect to sugh terms ar - 1,, . 0 . . . . .conditions and the Lessor/Local Municipal Authority may impose and will nOr 4..'do or -suffer to be done, on the demised premises or any part thereof any IPact or thing which may be or grow. to be a nuisance, damage, annoyance. A i

or incdrIvenience to the Lessor or Local Municipal Authority Or the owner or 111

occunibts of other premises in the neighbourhood. ,4111,.,

(0 The Lessee will not without the previous consent in writing of the Lessor A6transfer,i sublet, relinquish, mortgage or assign his Interest In the demisedpremises or the building standing thereon or both as a whole and every such g

transfer, assignment, relinquishrtnent, mortgage or subletting or both shall be 11,subject to and the transfers or assigns shall be bound by all the convenants Aiand Conditions hereincontalneciand be answerable to the Lessor In all respect ‘ "therefore, and the Lessee will In no case even when consent has been given -411by Lessor as aforesaid assign, relinquish, mortgage, sublet, transfer or part iwith the possession of any portion less than whole of the demised premisesor cause any sub -division thereof by meters and bounds or otherwise, provided ,that prior, permission as aforesaid shall not be necessary A the event ofmortgage without possession in favour of either of the State GrAernment Qr 'of the -Industrial Finance Corporation of India or in favour of the RajasthanFinancial Corporation or I.D.B.I. o r 1.0.1.0.1. or L.I.C., I.R.B.I., HDFC, SIDBI

, and other Public Financial Institutions as defined in the Public Finance Institu.

a

. 1

t‘). t l ; ' 1 1"N M ]

1,1' , knArr r

0

•0

I

0 0 s 3„tions Act or Scheduled Banks to secure loan or loans advanced by any ofthem for setting up on the demised premises the industry herein beforementioned, but any such mortgage shah be subject to the prior charge of theLessor under the second provision to Clause'. 1 (c) above

Provided further that if at any time the Industrial Finance Corporation of Indiaor other fliquicing body or bodies mentioned above decided to take over,sell, lease or assign the mortgaged assets in the demised premises in exerciseof any rights vesting in it by virtue of deed or deeds executed in its favourby the Lessee at the time of taking the loan or loans or under any will forthe time being in force the sale, lease or assignment will be subject to themutual consultation with Lessor and the financing body or bodies as mentionedabove.

Provided further that the Lessee will so often as the said premises shall byassignments or by death or by operation of law or otherwise howsoeverbecome assigned, inherited or transferred during the tendency of the termshereby granted within one calendar month from the date of such assignment,Inheritance or transfer deliver a notice of assignment, inheritance or transferto the Lessor setting forth names and description of the patties to everyprobate or a will or letters of administration, decree, order, certificating orother document of affecting or evidencing such assignment, inheritance ortransfer and document as aforesaid accompanying the said notice shall remainfor 7'days at the office of the Lessor AND it is hereby covenanted that failureto carry out this condition will without prejudice to the right of the Lessor todetermine this Lease Agreement for breach of this convenient entail penalty

_of As; 500/- to be paid by the Lessee.

That Lessee will permit the members, officers and subordinates of the Lessorand workmen and other persons employed by them from time to time and atall reasonable times of the day during the said term to enter into and uponthe demised premises and the buildings to be erected thereupon in order toinspect the same.

(k) That the Lessee will not .make any excavation upon any part of the demisedpremises (except for foundation of building and for levelling and dressing thearea), nor remove any stone, sand, gravel, clay, earth or any other materialstherefrom.

(11

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That the Lessee will not erect or permit to be erected on any part of thedemised premises any stables, sheds or other structures of any descriptionswhatsoever for keeping house cattles, dogs, poultry or other animals exceptand It so far as may be allowed by the Lessor in writing.

That the Lessee will neither exercise his option of determining the iease norhold the lessor responsible to make good the damage if by fire, tempest,flood,or .vlolence :of any army or a mob or other irresistible t,force, any materialpart of the demis-ed .Wh011y or partly destroyed or rendered sub-, . .stantialiy.- or ppti'l:lAi lptiN unht tdr 'btf ilding purpose.

• "•That Lessee shall' constr nci complete the said builsfjP-cls and put thedemised premises wit le buildings constructed ther to use hereinbef

,-- mentioned .Within . months from the date of th' greernent or from tJe 1ateof posses 9.iY t the said land is hand e ver to him, whichev is earlier

t.zprovicied„ at the Lesso: may at extend the t here'rbeforepro, i d if in his opinion the delay is caused for reasons beyond the control

ot tet le Lessee.

C 1,1--,,ro-,....,,111

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-rcriT.D. JAYA•C,OPALGeneral /vi.anager

INST RUMENT AT ION LIMIT ED

r l

U) 0 0 C.; C.? 5 2 1-0

(0)

Provided that unutillsed land of the allotted plot or plots shall revert to the. .corporation rin the expiry of the prescribed/e...:tended period for starting .proclik,tIon/e::pansion of the unit.

If during the terms of the lease the lessee or his workmen or .servants shall,

(i) injure or destroy any part of building or other structure contiguous oradjacent to the plot of land hereby demised,

(ii) keep the foundation tunnels or other pits on the demised and open or . 'exposed to weather thereby causing any Injury or damage to contiguousor adjacent buildings, or •

(lit) dig any pits near the foundation of any building thereby causing any frilur'y

or damage to such building, the Lessee shall pay such darhages thereforas may be assessed by the Lessor (whose decision as to the extent ofInjury or damage, or the amount of damages payable therefore shall be ,final and binding on the Lessee unless within three months from the:receipt of orders therefore the Lessee prefers an appeal to the arbitratoras hereinafter provided and If an appeal is preferred, the decision of thearbitrator shall be binding on the Lessee). '

. (p) The Lessee shall also abide by other terms and conditions may be laid ''. ..• ' ',..,-;;;:idown In RI100 Disposal of Land RuleS, 1979 from time to. - . . , ---=-..-.---,,,,,.:.„;...1 A ...,•••• ..,.........,...i:A

. . - _.(-Y • -... ' ..,.........:,,..',..-'.2..-: ; •. (q) - If the t_ess,,e, ,e,t,beIng a registered or ur_t_r_ekjist-ered partnership firm o i-roperativq.........::..........; ,-,....„ :,..,,,,

' society, i ' dissolved arid no csylecr6s3or In interest is appo _j-,0-crirwithin 60 days :' ,,,,A.....t.......-...:.,.. ,- ,---. . ---- t,.-f-t- i r r • . • --..-..1-- of 1.k -dissolution the Lessor .shall be entitled to determine this Agrvyrriip-tli, -.7-1 _ ..•:---... ...;,-.:..,

1.‘ • - -,tex. ne,ait,&" ' _11 1.114117 . •,r, ,,,-,;,.,AND.:,:IT IS I-IEREDY FURTHER Aq..1-1EED AND DECLARED Er? AND .BE'r-1 1.1y,,,kii-firi-O° • • :,:_. !.,r1.-:0;1.1.111-.1g,5,TQ....THE E PRESENTS AS FOLLOWS. .. . .. .. ...,, .. :., . .‘:..... ........1!'1.5' . ...f. . .....,...,.. ,. • - -- -- ---::'[:,...::,.;.'..-:::,1"!:,:::.:z;::',,::....,.' f.:, .-: .......:......?......;:::.:::::::::..:::::.: .-....,., - • . ,--..:.....: i'...:::,:::.:::: :t."-2-...; -. : '.-:..-....?;::.:'::::-.:.:.;,:....,.....,..........t.'..:.,::,..., ',..........-.. . - ": '''.-'1

, 3 ..t):!........ Notwithstanding anything, -herelnbefOre ..catitaiiid If there-'St-iall ..haVe •been .n .....,:s.,.....„...-...:....... ...,. . . . .. • • •-• :. the opinion of the Lessor any breach by the Lessee or by the: p rson-claiMIng ...'......... „ "" .",.;

.„ through or 'under •• him .of any of the conyerients or COnditiOns'. hereinbefore •••-i:••••......-:-.:...,'.? .. 2:1

..f•-.-.. contained and an his part to be observed ah'd io•art Or fneC.J.:.b c-1 ci, in partiCular ....... ......: .....,,.f.. . ..:,,;•;.'r.i.. •without prejudice to the generality of the'sub-Clause.„-I f .lhe Lessee transfers,

. ,. ., :.:, - ..rellrlquistles, mortgages/or assigns any part of the demised premises less than ......i:,:......,-;,,...: ....... '''..yi

. ' . . . ..,:i..„: the whote or transfers, ..relinquiShes. Mortgages or .assIgris...the 'whole Of the • :.:;,........i ..,. . . . .. - • •• • • ...,...-.-;-- ...-..--..,;„--........ :;:::.....::::•demised -prernises without the previous ponsent -in *Writing Of the Lessor as •:,• ..-..,. . . . , .

...;......•......';,.......:, hereinbelore provided, subtee. ,.....to•-..the. e•,•:cc...ptioil-in Clause (2h) cr it the— ,•,...',...r, . :,-,

_

: t he t •-•+- 11.5.; ' t o Prf-%12-1. ‘Char geS: • - • , /410C11-*, •. • . - •• ' t \s't

1. is determined a7.:hei iril:1 ore spec,-;[,ie ,- it, shall be lav\hul. cubjec,t to the provision's of this lea ricFrd •witi- - ut prejudice 'to any other\.-3.1 the 'Lessor in 'respect 'of any' breach of this Agreement)

to re-enier without taking recoui-se to a .court of law upon the demised- premises . or any part thereof in name of whole- and thereupon this dem-nise .

.abscilutely C.,'EA:"..E and deteri-t-licie and the money paid by the Lessee,by - virtue' of these pre,.-ei-its shall' stand 'fi-,Jrfeited to the Lessor without '

. .prejudic,,j; to rights or, the Lessor to recover from the Lessee al l money that -may be 'payable by the Lessee heroul-i'dui with 'merest theroor) at 'per ani-wi-Ji and the lessee shall not be entitled to any comPensatio'n

, .wnatsoever: Provided always thai the Lessee shall be an libci iy to ,removeand 'a.ppr.apriate to nil-risen' all building erections. and struntures,, if any made

(,- glut'f••!st'' ; Tna.

.1.........4' ..... -/r....- . ' i -,7 " . . i , c t:-.,--,,i,-.--,-----„--i i -A01:1_, - ._i,,:-...1,-

i i ' •—• k . .1' - ',,, , , - -- • -3 \ \A ft , CI \ '. ' ' . '1- '. :'‘ ' • nl:' \-\• (.-.."'.'

7 -777 - ..

7 ) 0 0 C 5 I

.................

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sOrt.

,----)"..-.-1-1,,,::,.\:!-,,i:.'";,..i0' ̀3?,,.;,,,,.,...,'...-7,1-1.-_,..-.111;.1..:7-ill.i'E'it,"--.,':1':1..,,,:-.f'r.,'L'17,,,s,),6,.,,,i,..-r,7,./.'.,ihferf'r._:,''.1.--74,rt-ij:,...rki-11:1CL-1-11 11:11,,,,e1,a,'-t.:e;•

mi .:,ori- -..,,1-, -',..,..'!"7:n1::‘,',..';'

- . - . -\;--- • .1._ ic,:•,c,1 womlses-- .,

ofi•••f?-.."I;',1-l'r,'•"-I--b•I''-" • •-•'-'-,'-• _ _,' • - ' ' ' i f b -,' •ra.c;- v able•by, t. , eb. • . - .. • ,. ‘\

- '''''• hr. -.0F11") --or I l r'''''', .• • • •• • -.•• ,-• •-.---,- '1. ,-):-.-- . --- - .--- ---:,••• ,-----s--,.--,-,•-•,-_,Iall--nillicjt. -.4- -r...,',•--,, I:, .'.', - --- ,. . • ' , ..-..- ..4, ,.. ..- --' - v .,.' - ' - " "

j-,_•-p-_,n • ...d:),.''''''••:AnY,--••̀ )-•21C'1 -•-• `''' '-'- • .1 1,-.;.-,-.6e.,:it'sery.e'd6y flc-,:gl'te-.red - ' --• — deemed

to

):,-•_.'' . , , ,,,,, ,11.,,-,--r,-, . .-; ..i._,D(s,...7.•-,/,,-.11.7)---....

•,._hail - r , . c i b o i n e r i to, . have . --J..-' - ...

' 17;, .-• .:. ... :'. .1' , r , • ''' ... !. : -._ .. he r , , i ) r ldc , r , , , . . : - „ l

pL, ...„,,..., ,_., ,,,,- ....,•, - - l - •-• ---,•:-.1,--"--=:;•2,-,-.-ii-J- ,,',. -,•-'-r'7'•:\!.'7"-,-,.. . ' • • • • ----'-:• -' -'Act<no-wledge.rac?,nt.uu-'-'

' LifIlif r;th,.,..':,/,.,1-. e,,d•-,q1-1-11--k?..5...,-, , 7 ,, • '• --Put

. ,--!,,r• 'i',,,-',-„:r.i ty,./ —abi/Of:r icerof the , ,,,..‘k...i. , ,,,...„, . -_-,, ‘ _Nuld in the ordinaryL-',--:'-r&rld; the-se.r-Ylco '-Shall be,2 ,. S- :..Pq.u. ‘ •' ‘ -L.:'• ' ; '.f -'

which the registered-le.th2f h 0 „_ .,-,, -,.•-•:,,f,,.''''s:.t'-6I,.-1c.,v.._1.'c--!;1--1,..0-',,e1,--all.,fs:•,-Irfl..,j'.°6-.2',r.0°,.,31,,tovt,flp•ei.:4'_Hi'lrilloe,JI: j'hv. vi,e,t,,,i,r7.1''' LI,r1:-....se.oyci,pri' c0.0..n t_. of, t.i-fre '•,,ref.u ,..e' _..., .

'-'-'coursi ' howsoever ' -A,•-' h - t..: ' ee-':dr 0,11e/ill's(' •• ' -• ' • ' • • ' ' - - sorbed , above.- ;:---":::̀---t?'!(::-1 ( I'I' s-O'--b---6':

s e r ved " In.•tce' sa,Te...tr,r..1.71-,•11.T-••‘.,s.,.-•-•.),-',..' • ' ... ''.:-.,, .. • ••• .,• -• - :no t i f i ca t i on ,'- of ', i1Y, "dec 'sJP. '1,', P. Y-' :i!,,,,--

by him and al l materials it-loreof fror,-i tile demised premis s after paying up .all dues 'the pren-ilum and the lease rent upto dale and all municipal an.0.-:.-....;Z:::other takes, rates and assessments then due including service .charges e..g...,......:1,:c.

,i :,.cf,r-(5,ervarloy charges and 311 damages and other, dues accruing to the Lessor

the 41Atlerials frofr iii-i0 (demised ID'reknlielsc,wiitiln •thri•e'el-n-lOnths ..', . , . . ,.tr_i the (Jete.rmlivzttion of tirm Lessor and In ease of faituce on the',Lessee''s part ., . . , . - . ,to ?do sq, the building and ,prePtiot) ar)clitlqls•otn the .d?4.11e..Pc preinise (a)nd all

. . rnak e`ri al thcreo`f shall vestis- In the'Lesci)* ( a iLCass'ee shall then have fio r gilt ,•. . , .. . ,. , . • . • ,

.....''... to claim for the refund of any money. paId, by •tilth t"O the Lessor upto that ••••.........,,, time or to claim any compensation for the structure and materials put up by ,

him on the-'detiliSed..prefnises. Provided furii4x-,-ain,d always th,a-f-i ht r nt;Wi__,u.:1,..,. 'and determirlatidris of the lease as hereiribefore provided shall -noi be exercised . •,;.,

If the Industry at the demised p r e m i s e s which has' been financed by the Stata — 't•'•GoYerninent or Industrial Financial Corporation of .iticlia . or the RajasthanFiflanclp.f Corpoyl2n,IDE31, ipici... Lid. 1551, I-IDf:C;, sippi. and..other Public •'.'•

-- inai-,-ial--i si-itu1ioris_a's5defiried. in..the Pubic Financial InstitutionS Act : or '.f.S.Cheddied Banl:s and the said f ini ng hod or bodies remedy. the breach"within, aperiod of 90 .days from the date of n tice issUe.O•onserved.by the i'.̀;'-'•,?•?... . , . ,. . .. ..,-

,-, Le-ssorion,the said' financing i n s t i t t i l l O n or.. a : .. , , .. .. .

1,nsi.

l tions .Tegar,ding. sald',

...

b.

.reaChor,bre phes7 , • J-.:,,..,.l.:,1..... • .,._ '..,,_ J.

.•:'::::,.41 ,' 1-6:6 i ':'b.r cd,e cl I 'ci s f(4. bre ac (f., tho co,ndilions.,. aforesaid- shall he lodged,11 - ...'-',••:.-„, -1,-c-,..duifiS,.....s:116•ated,.at Jarp'ur ancti n 1,,,t ploov,f1-1 ie.. - - \ , .-•••• *.•,,,,,,̀....r.'.."',..;:i.•,..-.•-• ..... - -- '• --- -'.';_i.:

. • .e) The - • ••• • • '-osit made wit llr ath Ii fur diluLftL J d i d hail L' •d i P 9 • -

•

•••• •-•• •• • •_

• -

r): \i ,.,;',',..g.)c0;f7,1$0,t-pv...-0,7i'q,:t0Ori,under'ttricis.,..i._1§,QH: (4reen-le.lit May b',:e';'..ercised.-•_Ha e stban iate , ,prneilL & flvcSIrne JU •

oth.er perschss) authorised i n this benap

with thr.,-,,,funotions-sir.r.,i4ir,Jo:tilose'of,thcEJ:Malri.aciing )1[di cc

'or in resr_ie,c.t 01 ,,%..;6-1-'9' 61-r,l' .:,'-',..' t.',..Cit• '.1-ifc.- .'..'s,. ,I.,[11,:,;(,.,. I , i) ,J.,i.•s,-,F .t,„. i i: ,,-i,,,,.r 61 iall. •bL reierr d: o.:':, --,,,.-,, -; , 'e' i' th,:2:-.,,s'd•d,_-.; i

•:.•,,:,.,a,;1.-b,'1,lr:ation,.,10,,•.1.-,1,1,0,; :c..-i l l.r-=;C•tiir ..,,:d. th. ",;ti,-,:ti.;r,i.i:•1 1.y.1-i ciri,..'•,111e l'c'::3.Sc-2c1 pit-A is situptcd •

- ... .

. , . , .,.. .... . . . - . . . .-."..•,,-,,i';,,-.--.J..r-ty:,...p.6,:r4i..-_,:r1:::',,,,,:;.r.cilni.ed,•:.,0,y:hil,-(1",-tie•tie,ci.'kncif••.,--:.(ii:-..h :a,rbilrato.i: shall Lo ,,final .. . ,

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744

" n tit;14

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• . • -INSIRUNIL1,117,110i-4 LIMIT.LD

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IN WITNESS NERUr)F TI-IE

sot hands this-I - -

:;.• SIgnature..of

•17/ yu-(=

Cif -• ' (in capital letter

ddress

-mt-e--•••UL

A,stict).r fit'-coEi44li,64)rof :Rajastnan Sta t9 dad. u peveloprnerit

Wiirtelli'vaestment Corporation Ltd.

lesse e: -34-•••• CY-. • 17

••••• ......1 l) . . .

FS V L' Name mis ..,••• •(in Capitalletters)

k

WITTAYAGOPALN l a n a g e r

11151T.LitAL-t i j-A-.r iat) Lft.IITED

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