This excerpt taken from the SIRF 10-K filed Feb 27, 2007.
TERMS & CONDITIONS
That in consideration of Lease rent herein mentioned, the Lessor do hereby grants, conveys and transfers by way of lease to the Lessee the said Premises on rent.
That the monthly rent of the furnished premises with stand by power and air conditioning will be Rs 1,58,400/-
(Rupees One Lac Fifty Eight Thousand Four Hundred). The lease rental mentioned above shall be paid on or before the 7th of
every month in advance for the month by way of a crossed cheque, after deducting tax at source, as applicable.
That the Lessee has agreed to pay to the Lessor on signing of this Deed or before 2nd April 2004, a sum of Rs. 9,50,400/- (Rupees Nine Lac Fifty Thousand Four Hundred only) as 6 (Six) months rent as interest free Security Deposit
which will be refunded only at the time of vacation of the Premises after adjusting any outstanding dues. The Lessee has also agreed to pay 3 (Three) months rent as advance rent for April, May and June 2004. This advance rent as the name suggests
shall be adjusted against rent for April, May and June 2004. The rent for July 2004 onwards shall be paid monthly on or before 7thof the respective month.