SUB- LEASE AGREEMENT

This SUB- Lease Agreement (hereinafter referred to as "Agreement") is

executed at Jaipur on this _________ day of _______ 2008 between:

Mr./Mrs./Ms.__________________________________________________________
Son/Daughter/Wife of _________________________________________________
Age _________________ years Resident of
_____________________________________________ Occupation
____________________Residential Status: Residential/Non-
Resident/Foreign National of Indian Origin _________________________
Income Tax Permanent Account No. ______________________ Ward/Circle
and place where assessed to Income Tax
___________________________________________________________________

1
 **JOINTLY WITH

** Mr./Mrs./Ms._______________________________________________________
Son/Daughter/Wife of _________________________________________________
Age _________________ years Resident of
________________________Occupation ____________________Residential
Status: Residential/Non-Resident/Foreign National of Indian Origin
_________________________ Income Tax Permanent Account No.
______________________ Ward/Circle and place where assessed to Income
Tax ___________________________________________________________________

(hereinafter jointly and severally referred to as the "LESSOR", which

expression shall unless repugnant to the context or meaning thereof be
deemed to include his / her / their legal representative, administrators,
executors, successors and permitted assigns)

OR
* * M/s. ________________________________________________ a partnership
firm duly registered under the Indian Partnership Act, 1932, having its
registered office at ______________________________________, represented
herewith through its partner authorized by resolution dated
________________________ Shri/ Smt. ____________________________________
(hereinafter referred to as the "LESSOR" which expression shall unless
repugnant to the context or meaning thereof be deemed to include all the
partners of the partnership firm and their legal heirs, legal
representative, administrators, executors, successors and permitted
assigns).
(Copy of the resolution signed by all Partners annexed herewith).

OR

2
* * _______________________________________________________ a Company
registered under the Companies Act 1956, having its registered office at
_______________________________________________, through its duly
authorized signatory Shri/Smt. _____________ S/o ______________________
R/o _______________________ authorized by Board Resolution dated
___________________________________ (hereinafter referred to as the
"LESSOR" which expression shall unless repugnant to the context or
meaning thereof, be deemed to include its legal representative,
successors in business and permitted assigns).
(Copy of Board Resolution along with a certified copy of Memorandum
and Articles of Association annexed herewith).
(* * Delete whichever is not applicable)
AND

M/s ICARUS BUILDERS & DEVELOPERS PVT. LTD., a Company

incorporated under the provisions of Companies Act, 1956 and having its
registered office at A 105, The Milestone, Gandhi Nagar Mod, Tonk Road,
Jaipur represented herewith through its duly authorized representative
Mr. _____________________________________ S/o ___________
R/o________________, hereinafter referred to as ‘THE LESSEE’ (which
expression shall, unless it is repugnant to the context, or meaning
thereof includes its executors, representatives and authorities) on the
Second Part.
(Copy of Board Resolution along with a certified copy of Memorandum
and Articles of Association annexed herewith).

(Hereinafter the LESSOR and the LESSEE shall collectively be referred to

as "Parties" and individually as "Party" as the context may demand).

3
DEFINITIONS

“The said land” refers to the piece of land admeasuring

___________ situated at __________________________________
registered in the revenue records at book no.__________ page
no.________ zild no._________. The said land is more specifically
delineated in the site map annexed with this Agreement forming an
integral part of this Lease Agreement, shaded in _________ more
particularly described in the Schedule – A to this Agreement.

“Blueforest” refer to as a structure build up on the said land

having Club House, Pent Houses, and other facilities of a Resort
comprising of a super built-up area of _______ Sq. Ft. on the said
land (hereinafter referred to as the Premises), more particularly
described in the Schedule-B annexed to this agreement.

“Pent House” refers to the unit specified in this Agreement, to be

leased by the Lessor to the Lessee, with proportionate
right/title/interest in the said premises, with the super built up
area of 600 sq. ft. of type _________ situated at ________ Floor in
Block ________, more particularly described in the Schedule– C
with its outline specification given in Schedule- D.

“Common Parts and Common Spaces” shall mean and include

the parts spaces, the infrastructure and the equipments provided
and/or reserved for the common use and the enjoyment in the
premises as described in Schedule-E of this Agreement.

“Common Expenses” shall mean the expenses for common

purpose.

4
“Effective Date” shall mean the date of this Agreement written
hereinabove;

“Force Majeure” shall mean any event or combination of events or

circumstances beyond the control of a Party which cannot (a) by
the exercise of reasonable diligence, or (b) despite the adoption of
reasonable precaution and/or alternative measures be prevented,
or caused to be prevented, and which materially and adversely
affects a Party's ability to perform obligations under this
Agreement including:

(a) acts of God. i.e. fire, draught, flood, earthquake, epidemics

and other natural disasters;
(b) any Change in Law;
(c) explosions or accidents, air crashes and shipwrecks;
strikes or lock-outs; or
(d) any event or circumstances analogous to the foregoing.

“Government” or “Governmental Authority(ies)” shall mean any

statutory authority, government department, agency, commission,
board, tribunal, court or other entity in India authorized to make
Laws.

“Government Official” shall mean any officer or employee of a

Governmental Authority, or of a public international organization,
or any person acting in an official capacity for or on behalf of any
such government, Governmental Authority or public international
organization;

5
 “Taxes” or “Taxation” shall mean any taxes, duties (including
stamp duties), excise, charges, fees, levies or other similar
assessments by or payable to a Governmental Authority in India,
including in relation to (a) income, services, gross receipts,
premium, immovable property, movable property, Assets,
profession, entry, capital gains, municipal, interest, expenditure,
imports, wealth, gift, sales, use, transfer, licensing, withholding,
employment, payroll and franchise taxes and (b) any interest, fines,
penalties, assessments, or additions to Tax resulting from,
attributable to or incurred in connection with any proceedings in
respect thereof;

Interpretation:-Unless the context of this Agreement otherwise

requires:

Words of any gender are deemed to include those of the other gender;

Words using the singular or plural number also include the plural or
singular number, respectively;

The terms “hereof”, “herein”, “hereby”, “hereto” and derivative or

similar words refer to this entire Agreement or specified Articles of this
Agreement, as the case may be;

The term “Clause” refers to the specified Clause of this Agreement;

The words “directly or indirectly” mean directly or indirectly through

one or more intermediary Persons or through contractual or other legal
arrangements, and “direct or indirect” shall have the correlative

6
meanings;

Headings and bold typeface are only for convenience and shall be
ignored for the purposes of interpretation;

Reference to any legislation or law or to any provision thereof shall

include references to any such law as it may, after the date hereof, from
time to time, be amended, supplemented or re-enacted, and any
reference to statutory provision shall include any subordinate legislation
made from time to time under that provision;

Reference to the word “include” shall be construed without limitation;

The Schedules hereto shall constitute an integral part of this

Agreement;

References to the knowledge, information, belief or awareness of any

Person shall be deemed to include the knowledge, information, belief or
awareness of such Person after examining all information and making all
due diligence inquiries and investigations which would be expected or
required from a person of ordinary prudence;

Time is of the essence in the performance of the Parties’ respective

obligations. If any time period specified herein is extended, such
extended time shall also be of the essence;

2. AND WHEREAS the Lessor agrees to provide to the Lessee the well
furnished Pent House marked as ___________, type ___________
situated in Block No. ____ of the premises and as described in detail
in the Schedule-C of this Agreement with its outline specification as
mentioned in Schedule–D to this Agreement

7
 3. AND WHEREAS the Lessee has taken the inspection of Title
documents of the Land and has satisfied himself and after seeing the
plans and specifications of the Premises including the proposed Pent
House to be built, is keen and ready to take on lease the said Pent
House for the purpose sub-leasing the same to a third party and
securing in the third party the beneficial enjoyment of the said Pent
House and other common parts of the said Premises, jointly along
with all the other such occupants without any ownership and as and
when it is constructed on the Terms & Conditions as settled
hereinafter.

4. AND WHEREAS the parties hereto are desirous of recording the terms
and conditions for the lease of the said property.

NOW IT IS HEREBY AGREED BY AND BETWEEN THE PARTIES TO THIS

AGREEMENT HERETO AS FOLLOWS.

1. The Lessor hereby agrees to grant to the Lessee and the Lessee hereby
agrees to accept from the Lessor, the lease of the said Pent House
(outline specification of which has been mentioned in Schedule– D to
this Agreement) for the purpose of sub-leasing the same to a third
party to use and possess the said Pent House for beneficial enjoyment
and according to the plan, type _____ admeasuring 600 Sq. ft. super
built-up area in Block of the said premises situated at
_______________.

2. The lease rent shall be:

(a) 13% p.a. of the amount invested by the Lessor excluding

maintenance, property tax and service tax if any.

8
 Or (in accordance to the option chosen by penthouse owner)

(b) 6% of total amount invested by penthouse owner or Actual

average rent received after deduction of appropriate
expenses of maintenance, property tax and service tax, if
any, which ever is higher.

3. The lease rent shall be paid every quarter after deduction of applicable
income tax, as the case may be, on 10th the next month. Any delay in
payment of lease rental shall attract interest @ 12% per annum.

4. The lease rent shall be paid by the Lessee to the Lessor through
banker’s cheques/ at par cheque payable at ________ in the name of
“_____________________________________”. The Lease rent shall be
inclusive of property taxes payable in respect of the said Pent House
but exclusive of the Service tax/ GST, as the case may be, which shall
be separately paid. The lease rent shall increase by _____ every
_____________ on last paid rent.

5. The Lessee shall have a sole discretion to decide the third party to
whom the penthouse shall be provided for short term assignment/
rent. The Lessee shall not be required to obtain any further
permission in respect of the same from the Lessor.

6. It is hereby agreed that the Lessee shall by virtue of this Lease

Agreement be entitled to exclusive use and possession of the said Pent
House for a period of __________ with effect from ________, till
_____________.

7. FACILITIES TO THE LESSEE:- The Lessee shall be entitled to avail

9
 the following :-

(a)

8. Facilities Provided:- Facilities shall be made available to the Lessee

along with Resort Amenities as mentioned in Schedule-F annexed to
this agreement.

9. That nothing contained in these presents shall be construed to confer

upon the Lessee any right, title or interest of any kind whatsoever in,
to or over the said Pent House or the said premises or the common
areas or common amenities till the execution of the Lease deed
between the Developer and the Lessor.

10. Taxes and Liabilities:- The lease rent payable by the Lessee shall
be inclusive of municipal taxes but shall not include Service tax at
applicable rate as per applicable laws for such use and occupation of
the said Pent House which shall be separately paid, subject to
deduction of tax at source by the Lessee under the relevant provisions
of the Income Tax laws as may be in force from time to time.

All rates, cesses and taxes which have accrued or may become due on
the said property up to date of handing over of possession whether
belonging to Central Government or State Government or local
authority will be borne and paid by the Lessor and if the Lessee is
required to pay any such sum after taking possession, the Lessor
shall reimburse the same to the Lessee & after the date of taking
possession, all taxes whether central/state shall be borne by the
Lessee proportionate to the area leased to him.

Any new tax, assessment, levy, duty, house tax and/or increment in
any present tax, assessment, cess, levy, duty, house tax imposed after

10
 the possession handed over to the Lessee and payable in respect of
the leased Property to Central Government, State Government,
JDA/Municipal Corporation or any other local authority or public
body shall be payable by the Lessee as and when they become payable
during the period of Lease.

11. INDEMNIFICATION:- That if at any time hereinafter, it is found

that the Lessor made any misrepresentation about the title to the said
Pent House or if the Lessor is dispossessed of the said Pent House or
any portion of the same or restrained to use the common space or
common facilities on account of any defect in the title of the said Pent
House, the Lessor hereby covenants with the Lessee that the Lessor
shall keep the Lessee fully indemnified from and against any loss.

12. INTEREST: Lessee shall be liable to pay interest on all delayed

payments at the rate of _____ per annum for the period of delay.

13. AMENITIES: The Lessee shall pay all charges for electricity on the
basis of the meter reading for which purpose a separate electricity
meter pertaining to the said Pent House be installed by the Lessee
during the term of the Lease. The Lessee shall not be liable for any
such charges for the period prior to or after the expiry or earlier
termination of this Agreement. The Lessee shall also be entitled to
obtain telephone connections including leased lines, fax lines, telex
lines, VSAT’s, internet etc. the cost of which shall be borne by the
Lessee. The Lessor agrees that it shall cooperate and sign all
documents and papers in connection therewith. However, the
equipments shall be installed at the mutually agreed place.

14. REPAIRS AND MAINTENANCE– The Lessee shall be under no

obligation to pay any maintenance charges for the premises. The

11
 Lessee will keep and maintain the said property in good order and
condition and upon the termination of this Lease Agreement will hand
over to the Lessor vacant and peaceful possession and leave the said
Pent House in good condition as it was at the time handing over of the
property by the Lessor to the Lessee (reasonable wear and tear and
loss or damage by fire, rains, accident, irresistible force or Act God
excepted). All major repairs, including structural repairs, if required,
will be carried out by the Lessor at its own cost. If the Lessor fails to
carry out such major repairs after thirty business days notice being
given by the Lessee for such repair, the Lessee shall carry out such
repairs and deduct the cost of such repairs from the lease fee payable.
However, cost of all repairs caused on account of any negligence of the
Lessee, during the tenure of this Agreement, will be borne by the
Lessee. It is agreed by the Lessee that Lessor or its agents will be
entitled to enter into and upon the said Pent House at all reasonable
time for viewing the condition of the said Pent House or doing such
work or things as may be requisite or necessary for any repairs,
alterations, servicing or improvements to the said Pent House.

15. NUISANCE: The Lessee shall not do or permit to be done in the said
Pent House anything, which may be or become a nuisance to the
other occupants of the said premises. It is further agreed that the
Lessee will not obstruct or suffer to be obstructed the entrance hall,
door ways, passages, lifts, or staircase and the Lessee will not keep
goods or other things in the passage or outside of the said Pent
House.

16. PARKING: The said Premises has facility for parking of vehicles at
designated areas on common sharing basis with the other co-
occupants of the parts of the said Premises. The Lessor in no case

12
 shall be responsible for arranging any additional Parking facility in
the said Premises or anywhere outside the said Premises.

17. It is the express intention of the parties hereto that the Agreement
shall be mere Lease for the use and possession by the Lessee
restricted for the purpose of using the said Pent House on the terms
and conditions contained herein.

THE LESSOR DOTH HEREBY COVENANTS WITH THE LESSEE THAT:

18. The Lessor shall not do anything to alienate or encumber the said
Pent House during the term of this Lease Agreement, which would
have the effect of harming the interest in any manner of the Lessee to
have vacant and peaceful use of the said Pent House during the
period of this Agreement.

19. The Lessor shall not do or omit or suffer to be done anything whereby
the Lessee’s right to use, occupy and enjoy the said Pent House
under or pursuant to this Agreement is forfeited or prejudicially
affected or extinguished.

20. The Lessor shall give to the Lessee duplicate keys of the main
entrance door in the said Pent House which the Lessee shall return to
the Lessor on the termination of this Agreement.

21. The Club House shall be managed and maintained by the __________
which shall be responsible for the management of Club as per the
best standards of the other similar clubs and provide all such
facilities which are usually provided in the similar clubs and shall
determine Annual Membership fees and user charges from time to
time. The ___________ shall also make the rules and regulations for

13
 use of club facilities and the Lessee undertakes to abide by such rules
and regulations and to pay annual membership fees and user charges
for using club facilities. The ____________ also reserves the right to
admit outsiders also as member of the club on such terms and
conditions as it may deem fit and proper. The Lessee shall be entitled
to become the member of this club on
___________________________________. However the member will be
required to fill membership registration form and pay annual
membership Fees and Fees for using various facilities of the Club.

22. RIGHT OF PRE-EMPTION :- If at any time hereafter during the

continuance of the lease the Lessor desires to sell his estate and
interest in the said pent house he shall before proceeding to offer the
same for sale give notice of such desire to the Lessee who shall
forthwith make an offer in writing to purchase the same and if no
such offer on the part of the Lessee is received by the Lessor within
one month of the date of service of the said notice or if the offer
received within that time is not satisfactory to the Lessor, he shall be
free to accept any other offer to purchase the said Pent House. The
Lessor further agrees that he shall not at any time accept any offer for
the purchase of the said pent house made by someone other than the
Lessee without first offering to sell the same to the Lessee in
accordance with the provisions of this clause.

THE LESSEE DOTH HEREBY COVENANTS WITH THE LESSOR THAT

23. That the said lease in the said premises shall be provided to the
Lessee only for the specified purpose of being used as Pent House for
the purpose of residence subject to the specific condition that the
Lessee shall have no right to use the said Pent House for the business

14
 of workshop, factory, bar, gambling house/lodging house, noisy,
offensive, obnoxious, immoral or for any illegal purposes. The Lessee
has further specifically agreed that he shall not himself use or permit
any other person to use the said Pent House for the purpose other
than that for which the said Pent House has been agreed to be
provided on lease to him. In the case of violation of this condition the
Lessor shall be entitled to take steps to enforce the conditions laid
down in this clause apart from the Lessor’s right to claim damages
from the Lessee and the right to take such other action or seek such
other legal remedy as the Lessor may decide for restraining the Lessee
from making a use prohibited by this Agreement.

24. The Lessee shall not any time demolish the structure of the pent
house or any part thereof nor at any time make or cause to be made
to any additions or alterations of whatever nature to the said space or
any part thereof.

25. The Lessee shall not be permitted the closing of verandah or balconies
or common passages or common corridors or staircase even if
particular floor/floors are occupied by the same party.

26. The Lessee shall not make any alterations in any elevations and
outside colour scheme of the exposed walls, of the verandah,
balconies, lounges or any external wall or both the faces of external
doors and windows of the space acquired by him, which in the
opinion of Lessor differ from the colour scheme of the said premises.
The Lessee shall have no right to make any new windows or opening
or the right to make any changes in the doors, walls, windows,
shutters and ventilators as may be provided in the said pent house.

27. Neither the Lessee nor the Occupier of the Pent House will put up any

15
 name or signboard, publicity or advertisement material, outside his
property or anywhere in the common areas without prior permission
of the Lessor or its nominee in writing.

28. The Lessee shall not decorate the exterior of the said pent house
otherwise than in the manner agreed to with Lessor or in the manner
as similar as may be in which the same was previously decorated.

29. The covenants herein agreed by the Lessee shall be binding and
enforceable against the occupier as far as possible. Further the terms
and conditions agreed by the Lessee under this agreement shall be
made legally binding on the occupier as part of the terms and
conditions between Lessee and the occupier.

30. The Lessee hereby agrees that he shall have no right to put or fix or
store any kind of thing, article or goods in the common passages,
corridors, projections, open compound or any other common place or
space in the said premises and the Lessor shall be entitled to remove
the same without giving any notice to the Lessee and to take them in
its custody at the risk and responsibility of the Lessee. The Lessee
shall be entitled to claim return of such goods, materials, packages or
things from the Lessor only on payment of removal and storage
charges fixed by the Lessor provided that such goods are claimed
within reasonable period and after the expiry of a reasonable period,
the Lessor shall have the authority to forfeit and/ or dispose of the
same without any notice or accountability to Lessee and no claim of
any sort whatsoever shall be made by the Lessee against the Lessor in
respect of such goods.

31. The Lessee agrees that he shall not hang from or attach to the beams
or rafters or put on floors any articles or machinery, which are heavy

16
 or can or are likely to affect endanger or damage the construction of
the premises. The Lessee shall not install any machinery, which may
create sound, or noise, which may in any manner cause damages or
injury to the building or any structure or portion thereof. The Lessee
further agrees the explosives combustibles articles or any other
articles (except Gas Cylinder) which are inflammable shall not be
stored by him under any circumstances in the said property, the
Lessee shall not be entitled to use any oven to be lit up with fire or to
use vapor lamps and /or similar appliances which may be deemed to
adversely affect the electrical installation in the building.

32. That the Lessee has agreed that he shall comply with and carry out
from time to time all the requirements, requisitions orders and
demands which are to be complied with under the orders of any
competent legal authority in respect of any matter of the said pent
house at his own cost and keep the Lessor indemnified, secured and
harmless against all cost and against all losses on account of non-
observance of the condition of this Agreement.

33. SUB- LEASE- The Lessee shall sublet, sub-lease, transfer, assign, or
part with the said pent house or any part thereof to any person/entity
without the consent of the Lessor in writing, on the condition that the
terms and conditions of this Agreement shall bound the party to
whom the said property is sub-let or sub-leased and simultaneously
the Lessee being responsible for the acts of the party to whom the said
property is sub-let or sub-leased. Further the Lessee shall keep the
Lessor indemnified against all the losses, damages or costs incurred
by the party to whom the said property is sub-let or sub-leased.

34. The Lessee shall pay 6% (Six percent) of annual return or actual

17
 return whichever is higher to the Lessor, as lease rentals for the said
pent house.

35. The lease rentals shall be paid by the Lessee to the Lessor through
A/c Payee cheques or at par cheques in favour of
“__________________________”, on the 15th of every month. If the pent
house is occupied by the Lessor himself for a part of the month and
leased out for the remaining part, then the Lessee shall make a
proportionate payment to the Lessor for that month i.e. if the Lessor
himself occupies the pent house for 5 days in a month, then the
Lessee shall make a payment for the remaining days only.

36. If the Lessor desires to come and stay in said pent house during the
continuation of this lease agreement, then Lessor shall be required to
give to the Lessee an advance written notice of clear 4 days, failing
which the Lessee shall not be bound to give the Lessor the said pent
house. The Lessee shall make arrangements for providing the Lessor
with another pent house, subject to the availability of the same. The
Lessor shall not have any right of action against the Lessee in case of
any inconvenience caused due to the fault of the Lessor himself.

37. In case the Lessee is a company this agreement shall not stand
terminated in the event the Lessee Company changes its name or is
merged with or acquired by any company. Such entity shall in case of
such change in name or merger or acquisition step into the shoes of
the Lessee for the purpose of this Agreement.

38. That the Lessee hereby covenants with the Lessor to regularly pay the
amounts which the Lessee is liable to pay under this Agreement and
to observe and perform all the terms and conditions contained in the
Agreement and to keep the Lessor and its agents and respective

18
 estates and effect, indemnified and harmless against the said
payments and observance and performance of the said terms and
conditions and also against any loss or damages that the Lessor may
suffer as a result of non-observance or non performance of the said
terms and conditions, except in so far as the same are to be reserved
and performed by the Lessor.

39. In the event of the Lessee failing to remove itself from the said
Property and hand over the same to the Lessor, the Lessee agrees to
undertake to pay an additional _____ of the outstanding amounts till
the date of handing over of the same by the Lessee. In the event of
failure on the part of Lessee to hand over vacant charge of the said
premises or the said Pent House to Lessor on the expiry or sooner
determination of Agreement, Lessee shall bear and pay to Lessor a
sum payable per day Rs. ___________ (Rupees ___________ Only) as
damages and compensation for such wrongful use in addition to the
monthly compensation. This would, however, be subject to and in
addition to the right of the Lessor of getting the Leased Property
vacated by pursuing one or more legal remedies.

40. TERMINATION

This Agreement shall be determinable under all or any of the following

circumstances, namely: -

(a) On the date of expiry of the period of this Agreement

mentioned above.
(b) If the said premises is acquired by an authority.
(c) If for any reason, due to defect in the Lessor’s title, the Lessee is
unable to enjoy the exclusive and peaceful occupation of the

19
 said pent house.
(d) If at any time during the said term the said pent house is
destroyed or damaged by fire or any other means so as to
become unfit for use and occupation for a period exceeding 30
days, then this Agreement shall stand terminated after the
said period of thirty days and the Lessor shall return all
amounts due and payable to the Lessee by Bankers Cheque
without any action on the part of the Lessee.

It is agreed that on the expiry of this Agreement or upon sooner

determination of Agreement as provided herein, the Lessee shall cease
to occupy the said Pent house and shall remove all its belongings,
articles and things from the said pent house and said premises on the
said termination, thereafter Lessee shall be deemed as trespassers
and on their failure to vacate the said Pent House, the Lessor shall be
entitled to remove them and prevent them from entering upon the
said premises or any part thereof.

NOW IT IS EXPRESSELY AGREED BY AND BETWEEN THE PATRIES

TO THIS AGREEMENT.

41. It is clearly understood between the parties that the payment of

interest and any sum as damages or penalty as mentioned above,
after the expiry of the lease period will not amount to the waiver of the
rights of the Lessee or the Lessor to take appropriate legal action to
enforce its rights under the Law for recovery of the said amounts or
the said Property respectively.

42. All notices, reports, requests, acceptances and other communications

20
 required or permitted under this Lease Agreement will be in writing
and shall be made to the respective address of the parties mentioned
herein above and shall be sent by telex, facsimile or first class
registered post to the party being served at its designated address.

In the case of the Lessor the Facsimile No. is: +91-141-

And address is: ____________________________

_____________________________

In the case of the Lessee the Facsimile No. is +91-

And address is:_________________________

_________________________

The date of service shall be deemed to be:

(a) In the case of notices sent via telex or facsimile, the two
business days following the day of transmission.
(b) In any other case, ten days following the day on which the
notice was transmitted or posted as the case may be.

The parties agree to notify in writing any change of address in which

case the notice under this Clause shall be sent at the changed
address.

43. The renewals for continuation of the Lease shall be as per the terms
and conditions negotiated and agreed between the parties.

44. The Lessee shall have the liberty to remove all fixtures and fittings,
whether temporarily or permanently installed by the Lessee and the
Lessor shall not object to same and shall not claim any damage

21
 thereof.

45. The stamp duty and registration charges incidental to this Agreement
shall be borne and shared equally between the parties herein.

46. In case there is any direct or indirect loss to the Lessor on account of
carrying out illegal or unlawful activities by the Lessee in the said
Pent House or the said premises, the same shall be compensated by
the Lessee to the Lessor and further in such case the Lessor shall be
entitled to immediately terminate this Agreement and recover and
forfeit the security deposit of the Lessee.

47. This Agreement shall be executed in two counterparts, each of which

shall be deemed to be an original.

48. All disputes and differences between the parties hereto regarding the
interpretation scope or effect of any of the terms and conditions
herein contained or in any way touching or concerning these presents
shall be referred to a Sole Arbitrator appointed jointly by Lessee and
Lessor and the same shall be deemed to be a reference within the
meaning of the Arbitration and Conciliation Act, 1996 or any other
statutory re-enactment or modification thereto for the time being in
force. The venue of such Arbitration shall be ___________. This
Agreement shall be subject to ________ jurisdiction.

49. The Lessor agrees that the Lessee shall have complete freedom to
reside in the said pent house, without any let, hindrance or
interference of any nature by the Lessor or otherwise.

22
IN WITNESS WHEREOF the parties hereto have hereunto set and subscribed
their respective hands the day and year first hereinabove written.

SIGNED SEALED AND DELIVERED BY THE WITHINNAMED LESSOR

BY THE HAND OF

Mr./Mrs./Ms.__________________________________________________________
Son/Daughter/Wife of _________________________________________________
Age _________________ years Occupation ____________________Residential
OR
Mr./Mrs./Ms._______________________________________________________
Son/Daughter/Wife of _________________________________________________
Age _________________ years Occupation ____________________Residential

OR
M/s. ________________________________________________ a partnership firm
duly registered under the Indian Partnership Act, 1932, having its
registered office at ______________________________________, represented
herewith through its partner authorized by resolution dated
________________________ Shri/ Smt. ____________________________________

OR

_______________________________________________________ a Company
registered under the Companies Act 1956, having its registered office at
_______________________________________________, through its duly
authorized signatory Shri/Smt. _____________ S/o ______________________
R/o _______________________ authorized by Board Resolution dated
___________________________________

23
The First Part

In Presence of
________________________

SIGNED SEALED AND DELIVERED BY THE WITHINNAMED LESSEE

BY THE HAND OF

M/s ICARUS BUILDERS & DEVELOPERS PVT. LTD., a Company

incorporated under the provisions of Companies Act, 1956 and having its
registered office at A 105, The Milestone, Gandhi Nagar Mod, Tonk Road,
Jaipur represented herewith through its duly authorized representative
Mr. _____________________________________ S/o ___________
R/o________________.

The Second Part.

In Presence of
________________________

24
 SCHEDULE – A

THE SAID LAND

ALL that the whole of Land situated at _______________________

surrounded on all the sides by _________________ measuring
_______________ having following Dimensions:

On North : East West : ___________ft

On South : East West : ___________ft

On East : North South : __________ft

On West : North South : _____________ ft

The above Land is bounded as under in the

EAST :

WEST :

SOUTH :

NORTH :

25
SCHEDULE – B
Blueforest

26
 SCHEDULE – C

THE PENT HOUSE

The said Pent House is ALL THAT the Premises on the said land
admeasuring ___________ super built up on ________________ Floor in
_____________ Block. The Pent House is a 600 Sq. Ft. carpet area n\made
of wooden structure. The Pent House is fully furnished and it contains:

1. One bedroom fully air conditioner with attached modular latbath,

plasma screen television, bed and wardrobe.

2. A living room with a sofa and a centre table.

3. A open modular kitchen

4. A balcony with bamboo chair and table.

The Lesser has a right of use of the common areas along with other
Owners of the other Pent Houses in the Premises and as shown for
clarity in the annexed plan of the Pent House and marked______________
with outline specification as mentioned in the Schedule-D.

27
 SCHEDULE –D

OUTLINE SPECIFICATION OF THE SAID PROPERTY

28
 SCHEDULE – E

COMMON PARTS AND THE COMMON AREAS

1. Staircase and landings on all the floors including main entrance

lobby.

2. Common passage on the Ground Stilt Floor.

3. Water pipes and other plumbing installation from the Overhead /

Underground water tanks for the supply of the water.

4. Electric wiring, meters and fittings, electric panel (including those

as are installed for any particular unit), Transformer etc.

5. Light and electrical fittings if any, in the aforesaid common parts.

6. Boundary wall.

7. Main Gate.

8. Bore well and pump.

9. Common Toilets & Lobbies, if any on the Stilt Parking Floor.

10. Open set backs of the plot after leaving space for the reserved
open car parking areas.

11. Lift and its machineries, Lift well, Generator etc. (if any).

12. Telephone lines and Cable TV wires.

13. Landscape Gardens

29
 SCHEDULE – F

FACILITIES

Charged Facilities

S.NO. PARTICULARS

1. Food and Liquor

2. SPA

3. Use of Conference Hall

4. Maintenance of own Pent House

5. Electricity and Water Supply Charges

6. Telephone Call Charges

7. Laundry Charges

8.

9.

Free Facilities

S.NO. PARTICULARS

1. Swimming Pool

30
2. Room Service

3. All Indoor and Outdoor Club Games

4. Gymnasium

5. Right of participating and viewing puppet show and

Kalbeliya Dance

6. Sauna/ Jacuzzi Bath (Subject to Availability)

7. Disco Theque and Bar Access

8. Rain Dance Floor

9. Rights to join tracking camps organized by resort but

have to pay for any further accommodations

10. Access to all parks and play grounds

11. Can Bring Max 50 Persons in a day to the Resort and all
the visitors can use the above mentioned free facilities
without paying any charges.

12. No Maintenance Charges for the Resort.

31