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ON A FRANKED STAMP OF RS.700/-

Sr No.723 dated 28/4/2007

Sd/- illegible
Nilam B. Dave
Notary

AGREEMENT

First Part : Maheshbahi Fakirchand Mehta,

Age: about 61 years, By
Caste and Religion: Hindu,
Occ. Business/cultivation,
residing at 8, Saurashtra
Society, Paldi, Ahmedabad.

“Who has been referred to

hereinafter in this
Agreement as First Part and
in the meaning of the said
word, the First and the
race, guardian, heirs,
administrators, assignees,
transferees administrators
etc. all of the First Part
are included”

Second Part: Vishvabandhu Dahyabhai

Patel,
Age: about 42 years,
Occ: Business/cultivation,
residing at 633/105,
VAstunirman society, Sector-
22, Gandhinagar.

“Who have been referred to

hereinafter in this
Agreement as Second Part and
in the meaning of the said
word, the Second Part and
the race, guardian, heirs,
Assignees, transferees,
administrators, assignees,
administrators, transferees
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executors, attorneys etc.

all of the Second Part are
included”

This agreement has been made between we,

both the parties today.

This agreement is being done today

between we both parties:

(1) The land admeasuring 20561 sq. meters,

35019 sq. meters, 29313 sq. meters

aggregating to 84893 sq. meters of the Survey

No.88, Consolidated 85, consolidated 89

respectively of village Nabhoi of

Registration District, and Sub-district

Gandhingar has been purchased from the

original owners of the said land at the part

of 5% of Maheshbhai Fakirchand Mehta, 14% of

Rajiv Maheshkumar Mehta, 14% of Rajiv

Maheshkumar Mehta, 14% of Ronak Maheshkumar

Mehta, 14% of Chirag Kirtikumar Mehta, 5% of

Kirtikumar Fakirchand Mehta, 18% of

Pareshaben Kamleshbhai Modi and, the final

sale deed in that regard was executed on

13/10/2006 which had been registered in the

office of the Sub-Registrar, Gandhingar vide

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Sr. No.10260, 10261, 10262. Thus, as per the

sale deed, the 30% land admeasuring 25467.90

sq. meters of the Second Part is situated in

joint ownership, possession and occupancy

along with the Second Part, which shall be

referred to hereinafter in this Agreement as

“the aforesaid land”.

(2) The current market price of the

aforesaid property is assessed as

Rs.36,00,00,000/- Rupees Thirty six crores

and after making plots in the said land,

different-different plots have been allotted

and, since the Second Part is in need of

money for relieving such members, in that

connection, this agreement is being made

today between both these parties.

(3) The First Part has to pay an amount of

Rs.4,00,00,000/- Rupees Four Crore only in

piece meal when the Second Part tells. The

said amount is to be returned by the Second

Part to the First Part with interest at a

rate of 2% within maximum 5 months from

today. But, for the purpose that no any mis-

understanding takes place, in addition to

this, the following terms are also decided.

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(4) The registration of members has een done

on certain plots out of the different-

different plots mad eby the Second Part on

the said land, and such members are to be

relieved by the Second Part within 15 days

or, writings, agreements are to be got

executed by the Second Part from such

members, due to the said reason, the First

Part has paid the amount mentioned in this

Agreement to the Second Part.

(5) In future when the said land is required

to be sold at that time, whatever more amount

comes than the aforesaid amount of

Rs.36,00,00,000/- Rupees Thirty Six crores

and whatever profit derives, the part in

proportion of 30% in the land is to be taken

by the parties in equal part i.e. 1/2 part.

The First part shall be entitled to take the

interest in addition to the profit as stated

in aforesaid Para-3.

(6) As decided by the Second Part with the

First Part in this agreement, if the Second

Part does not refund the amount to the First

Part with interest at a rate of 2% within

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five months and, as decided in aforesaid

Para-4, if they do not get the registered

members relieved within 30 days then, the

First part shall be entitled to take over the

entire profit on the 30% land of the Second

Part. But, on selling the land in future, if

the price of the land is fetched less than

Rs.36,00,00,000/- Rupees Thirty Six crores,

then, all such loss is to be borne by the

Second Part in which, no any loss is to be

borne by the First Part and, the Second Part

is bound to make payment of such loss and

given principal amount and interest to the

First Part and, if default or delay is made

in making payment, then, the First Part shall

be entitled to recover expenses and the loss

from any property of the Second Part.

(7) The amount taken by the Second Part from

the First part and the interest shall require

to be repaid by the Second Part to the First

Part and, after making its accounts, the

Second Part shall have to receive the

remaining amount.

The agreement as above has been made by

both the parties after reading,

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understanding, thinking and with cleverness

and without any kind of threats or pressure,

in non-intoxicate status, in consciousness,

which is and shall be accepted, approved and

binding to us and our race, guardian, heirs

of all the parties.

Executed today on 28-4-07, month April 2007.

First Part with Photograph and thumb

impression:
Sd/- illegible.
(Maheshbhai Fakirchand Mehta)

Second Part:

Sd/- illegible.

(Vishvabandhu Dahyalal Patel)

Signed before me,

Sd/-
Neelam B. Dave
Notary,
th
28 Apr. 2007.