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AGREEMENT FOR LEASE

THIS AGREEMENT is made as on

effective as on

day

of

, 2008 at Bangalore.

BY AND BETWEEN:

years residing at (“Lessor”)

S/o

AND

,

Two Thousand Eight and

,

aged around

SAP India Private Limited, a Company registered under the Companies Act, 1956 and having its registered office at # 30, Vaswani Victoria, Victoria Road, Bangalore – 560 047, duly represented by Mr. Venu Madhav Vadlamani and Mr. Rajiv Subramanian, authorised signatories (“SAP”)

WHEREAS the terms SAP and Lessor shall, wherever the context so admits and allows, mean and include its successors and assigns.

WHEREAS the Lessor is the absolute owner of the house property located at , more fully described in Schedule A hereto (“Scheduled Premises”) along with furniture and fixtures more fully described in Schedule B hereto (“amenities”)

AND WHEREAS SAP wishes to take on lease the Premises and Amenities for a term of

, 2008, for the use of its

employee

(“the Occupier”) and the Lessor is

agreeable to lease the same to SAP on the terms as detailed hereunder.

months commencing from

NOW THIS AGREEMENT WITNESSETH AS UNDER:

1. Term

The term of this Lease shall be

renewed for a further period of received from the Lessor.

months commencing from

, 2008. Upon expiry of the above term, the lease shall be automatically

months unless written communication is

2.

Rent, Other outgoings and Security Deposit

 

2.1

SAP

agrees

to

pay

a

sum

of

Rs.

/-

(Rupees

 

Only)

as lease rent (“Lease rent”) per month for the

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Lease Agreement

(Rupees   Only) as lease rent (“Lease rent”) per month for the Page 1 of 4

Scheduled Premises and Amenities and for this purpose it shall be a Calendar

month. The monthly rent shall be payable by Cheque or Demand Draft by the 10 th day of the month for which it is due and shall be subject to deduction of tax at source, if applicable.

2.2

Occupier agrees to pay the electricity charges as per the separate meter to be installed by the Lessor and as billed by the appropriate authority

2.3

Occupier agrees to pay water charges as billed by the appropriate authority, the monthly Maintenance Charges will be paid by the occupier directly to society.

2.4

Occupier agrees to pay the telephone charges directly to the Department of Telecommunications (DoT). The Lessor agrees to pay all the deposits/expenses of a capital nature, as required by the Society / DoT.

2.5

The Lease rent above said shall be enhanced by 5% of the rent then payable at

the end of every

months.

2.6

SAP shall pay a sum of

/- (Rupees

 

Only)

as Interest free Refundable Security Deposit

 

(“Security deposit”) to be refunded, without any deductions whatsoever, except to arrears of lease rent, society charges and telephone charges due up to the date of termination in case of termination under Clause 8.1 hereto, by Demand draft payable at Bangalore at the time of handing over vacant possession of the property. In the event of a delay in refunding of the Security deposit, Lessor shall be liable to pay interest @ 24% p.a. from the due date of payment until the date of payment and SAP shall be entitled to continued possession of the premises without payment of any further rent.

3.

Taxes

The Lessor agrees to pay and keep current all payments towards property and other taxes, rates, cesses, assessments, duties and other outgoings payable in respect of the Scheduled premises to the Municipal Corporation or any other Government authority.

4.

Maintenance

4.1

Occupier agrees to maintain the Scheduled premises in good order and condition, and the Lessor hereby agrees that SAP shall not be responsible for damage caused by natural wear and tear, reasons beyond its control or Acts of Gods.

4.2

The Lessor shall bear the cost of and complete all major and structural repairs to the Scheduled Premises and all major repairs to the amenities that may be required.

4.3

If the Lessor fails to carry out the repairs as provided in Clause 4.2 above, the same shall be carried out by SAP and SAP shall deduct the cost of such repairs from the Lease rent payable, provided prior intimation is given to the Lessor.

5.

Additions and Alterations

SAP shall not be entitled to make any additions or alterations to the Scheduled Premises which involve structural changes without the written consent of the Lessor. SAP shall,

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which involve structural changes without the written consent of the Lessor. SAP shall, Page 2 of

Lease Agreement

however, be entitled to fix telephone, light and electric fixtures. SAP shall be entitled to remove the same at the time of vacating the Scheduled Premises and shall ensure that the same is done with minimum damage.

6. Use of premises

SAP agrees to use the Scheduled premises for the residential purposes of its employees, consultants, associates and guests. SAP agrees not to use the Scheduled premises for any commercial or business purposes.

7. Inspection

The Lessor shall, at all reasonable hours and after giving due notice to SAP, be entitled to inspect the Scheduled premises and to carry out such works within the Scheduled Premises as required for general upkeep.

8.

Termination of the Lease.

8.1

The Lessor shall be entitled to terminate this Lease only if SAP is in default in the payment of the rent two months after the same has fallen due.

8.2

Either party shall be entitled to terminate the Lease by giving one month’s notice without assigning any reason whatsoever.

8.3

Upon termination of the Lease, SAP agrees to hand over peaceful and vacant possession of the Scheduled Premises and Amenities in its original condition, normal wear and tear excepted subject to receipt of the Security Deposit.

9.

Lessor’s covenants

9.1

The Lessor covenants that he is the lawful owner of the Scheduled premises, and has the right, title and power to grant the Lease of the Scheduled premises to SAP

9.2

The Lessor further covenants with SAP that SAP paying the Lease rent and other charges as per this agreement and duly observing the terms and conditions hereof shall be entitled to quiet and peaceful enjoyment of the Scheduled premises during the subsistence of this agreement without any obstruction, interruption or disturbance by the Lessor or any other person or persons claiming through, under or in trust for the Lessor.

9.3

That if the Lessor at any time during the period of this lease or extended period thereof, as hereinafter mentioned, sell and/ or transfer its rights in the scheduled Premises as a whole or in any part or parts thereof to any person or more than one person then in such event SAP shall attorn to such transferee or transferees on the same terms and conditions as are contained herein. However the transfer if any shall be subject to the conditions of this lease agreement.

10. That this transaction has taken place at Bangalore and as such Bangalore Courts shall have exclusive jurisdiction to entertain any dispute arising out or in any way touching or concerning this Lease Agreement.

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entertain any dispute arising out or in any way touching or concerning this Lease Agreement. Page

Lease Agreement

11.

Counterparts.

This Agreement may be signed in two counterparts, each of which shall be deemed an original and which shall together constitute one Agreement.

SCHEDULE ‘A’ SCHEDULED PREMISES

Apartment

measuring about

sq feet on the

floor of

located

at

and

comprising of

Living and

Dining,

bedrooms with attached baths,

Basic Amenities, Parking space.

kitchen with full electrical fittings and Cabinets, and

SCHEDULE ‘B’

AMENITIES

(Please give details)

Car

IN WITNESS WHEREOF, the parties have executed this Agreement on the date hereinabove mentioned.

Accepted

Accepted

For SAP India Private Limited

LESSOR

-------------------------------------------

-------------------------------------------------- Name: Mr. Venu Madhav Vadlamani

Name:

Title: Finance Controller Date:

Title:

Owner of the Premises (Lessor)

Date:

--------------------------------------------------

Name: Mr. Rajiv Subramanian

Title:

Chief Financial Officer

Date:

In the presence of:

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Name: Mr. Rajiv Subramanian Title: Chief Financial Officer Date: In the presence of: Page 4 of

Lease Agreement