[ONE HUNDRED RUPEES GRAPHIC]
This lease is made on this day of 1st August, 2001 between M/s ROSHAN POLYMERS LIMITED through
their authorized signatory SH. RAJESH CHAUDHARY (DIRECTOR) R/O 195 sector-15A, NOIDA
hereinafter called the Lessor which expression shall include his legal heirs & legal representatives and assigns,
successors and administrator on the ONE PART and M/s VIRAGE LOGIC INTERNATIONAL (Branch office
of VLI USA in India), through their authorized signatory Mr. Alok Singh (Vice President & General Manager)
R/O G-147, Sector-25, NOIDA, called the Lessee, which expression shall include their successors, legal
representatives and assigns and administrators on the SECOND PART.
WHEREAS the lessor and absolute owner of the premises bearing NO. A-75, SECTOR-57, NOIDA, DISTT.
GUATAM BUDH NAGAR, U.P. measuring 1220s/mtr. with absolute right to let out the premises and whereas
the lessor has agreed to let out the entire building consisting basement, ground floor, first floor and second floor to
the lessee M/S Virage Logic International.
AND WHEREAS the lessee agreed to take the above premises on rent belonging to the lessor for the use of the
lessee w.e.f. 1st August, 2001.
NOW THEREFOR IT IS AGREED BETWEEN THE PARTIES HERETO AS FOLLOWS:
a) That the rent shall be Rs.3,12,000/- (Three Lacs Twelve thousand only) per month.
b) The rent shall be subject to an increase of 10 (ten) percent per annum.
c) The rent start from 1st August, 2001.
d) The rent shall be paid in advance by 7th of the calendar month.
1. That the lessee has paid to the lessor Rs. Twenty Five lacs (Rs.25,00,000/-) as interest free security as
- Ch.No. 993352 dt. 29/06/01 for Rs. 2,00,000/-
- Ch No. 993357 dt. 04/07/01 for Rs. 3,00,000/-
- Ch No. 993376 dt. 12/07/01 for Rs. 7,50,000/-
- Ch No. 993398 dt. 01/08/01 for Rs. 12,50,000/-
2. That the security deposit shall be required in full by the lessor to the lessee or his authorized representative
immediately on gi