MEMORANDUM OF FAMILY SETTLEMENT FOR THE PROPERTIES OF

LATE Dr. VASUDEV SHARAN AGARWAL

This memorandum has been executed on this .... day of ...... between the legal
heirs of Late Sri Vasudev Sharan Agarwal

(1) Smt. VIDYA AGRAWAL, wife of Late Sri Skanda Kumar Agrawal (Skanda
Kumar Agarwal was the S/o Late Dr. Vasudev Saran Agrawala), resident of A-5/14
Vineet Khand, Gomti Nagar, Lucknow – 226010 hereinafter referred to as “THE
FIRST PARTY”

(2) Sri ADITYA KUMAR AGARWAL, son of Late Sri Skanda Kumar Agrawal
(Skanda Kumar Agarwal was the S/o Late Dr. Vasudev Saran Agrawala), resident of
A-5/14 Vineet Khand, Gomti Nagar, Lucknow – 226010 hereinafter referred to as
“THE SECOND PARTY”

(3) Sri ASHUTOSH AGRAWALA, son of Late Sri Skand Kumar Agarwal, (Skanda
Kumar Agarwal was the S/o Late Dr. Vasudev Saran Agrawala) resident of A-5/14
Vineet Khand, Gomti Nagar, Lucknow – 226010 hereinafter referred to as “THE
THIRD PARTY”

(4) Smt. ANSHU MALA GUPTA, daughter of Late Sri Skanda Kumar Agrawal
(Skanda Kumar Agarwal was the S/o Late Dr. Vasudev Saran Agrawala) and wife of
Sri Sanjeev Gupta, resident of A-9, Tower-9, New Moti Bagh, New Delhi - 110023
hereinafter referred to as “THE FOURTH PARTY”

(5) SMT VEENA AGARWAL, WIFE OF LATE Sri BRIGHU KUMAR AGARWAL,
(Bhrigu Kumar Agarwal was the S/o Late Dr. Vasudev Saran Agrawala), resident of
13, Shivaji Marg, Lucknow hereinafter referred to as "THE FIFTH PARTY"

(6) SRI VIJAY AGARWAL, S/O LATE Sri BRIGHU KUMAR AGARWAL, (Bhrigu
Kumar Agarwal was the S/o Late Dr. Vasudev Saran Agrawala), resident of 13,
Shivaji Marg, Lucknow hereinafter referred to as "THE SIXTH PARTY"

(7) Sri VIKRAM KUMAR AGARWAL, S/O LATE Sri BRIGHU KUMAR
AGARWAL, (Bhrigu Kumar Agarwal was the son of Late Dr. Vasudev Saran
Agrawala), resident of ................... hereinafter referred to as "THE SEVENTH
PARTY"

1
(8) SMT .........., D/o LATE SRI BRIGHU KUMAR AGARWAL, (Bhrigu Kumar
Agarwal was the S/o Late Dr. Vasudev Saran Agrawala), Wife of ............................
resident of .................. ........ hereinafter referred to as "THE EIGHT PARTY"

(9) Sri VISHNU AGRAWALA, S/o Late Dr. Vasudev Saran Agrawala, resident of
1341, Pesavenco Drive, Bridge-will, Angel-Vania, 1517, Pittsburg, United States of
America hereinafter referred to as "THE NINETH PARTY"

(10) Sri PRITHVI KUMAR AGRAWALA, S/o Late Dr. Vasudev Saran Agrawala,
resident of N-1/54, Amethi Kothi, Nagwa, Varanasi hereinafter referred to as "THE
TENTH PARTY"

(11) Sri DEVKUMAR AGRAWAL, S/o Late Dr. Vasudev Saran Agrawala, resident of
N-1/54, Amethi Kothi, Nagwa, Varanasi hereinafter referred to as "THE ELEVENTH
PARTY"

(12) Smt. SUDAKSHINA BANSAL, D/o Late Dr. Vasudev Saran Agarwal, wife of Sri
Ashok Bansal, resident of CE-164, Ansal Golf Link-1, Near Pari Chowk, Greater Noida
- 201308 hereinafter referred to as "THE TWELVTH PARTY"

WHEREAS, Dr. Vasudev Saran Agrawal from his self-earned monies during his life
time had acquired the following property in the city of Varanasi:

(I) Property being House No. N-1/54, Amethi Kothi, Nagwa, Varanasi. The said
property is morefully defined in the Schedule-(I) at the foot of this Memorandum of
Family Settlement & as hereinafter referred to as “Property No. (A)”

It is prudent to mention here that Late Sri Gopi Nath Agarwal, Father of Late Dr.
Vasudev Sharan Agarwal out of his self-earned monies had acquired three properties
in the city of Lucknow:
(I) Agarwal Kothi- No. 13 Shivaji Marg, Lucknow
(II) Property No. 91/23, Yadunath Sanyal Road, Lucknow
(III) Property No. 286/72, Niwaz Khera, Aishbagh, Lucknow
AND WHEREAS, Sri Gopi Nath Agarwal was married to Smt. Khurmo Devi and had
one son from the wedlock Dr. Vasudev Saran Agrawala and another son Sri Krishna
Murari Agarwal from his second wife Smt. Triveni Devi.
AND WHEREAS, as after the death of Sri Gopi Nath Agarwal in this year 1958, the
aforesaid three properties devolved upon his aforesaid two sons in equal shares
under his will dated 14.6.1956 and both of them become the owners there of.

2
The partition of the above three properties of Lucknow is not covered in this
Memorandum

AND WHEREAS, on the death of late Dr. Vasudev Saran Agrawal in the year
27.07.1966, his half share in the three properties left behind by late Gopi Nath
Agarwal and his self acquired property of Varanasi mentioned above in Schedule (I)
was inherited by his legal heirs parties no 1 - 12 mentioned above.

AND WHEREAS, the FIRST party Smt. VIDYA AGRAWAL has relinquished her
share in the properties mentioned above in Schedule (I) as she has been
compensated in partition of Lucknow properties which are not covered in this
memorandum

AND WHEREAS, the SECOND party Sri ADITYA KUMAR AGARWAL has
relinquished his share in the properties mentioned above in Schedule (I) as he has
been compensated in partition of Lucknow properties which are not covered in this
memorandum

AND WHEREAS, the THIRD party Sri ASHUTOSH AGRAWALA has relinquished
his share in the properties mentioned above in Schedule (I) as he has been
compensated in partition of Lucknow properties which are not covered in this
memorandum

AND WHEREAS, the FOURTH party Smt. ANSHU MALA GUPTA has relinquished
her share in the properties mentioned above in Schedule (I) as she has been
compensated in partition of Lucknow properties which are not covered in this
memorandum

AND WHEREAS, the FIFTH party SMT VEENA AGARWAL has relinquished her
share in the properties mentioned above in Schedule (I) as she has been
compensated in partition of Lucknow properties which are not covered in this
memorandum

AND WHEREAS, the SIXTH party Sri VIJAY AGARWAL has relinquished his share
in the properties mentioned above in Schedule (I) as he has been compensated in
partition of Lucknow properties which are not covered in this memorandum

AND WHEREAS, the SEVENTH party Sri VIKRAM KUMAR AGARWAL has
relinquished his share in the properties mentioned above in Schedule (I) as he has

3
been compensated in partition of Lucknow properties which are not covered in this
memorandum

AND WHEREAS, the EIGHTH party Smt. ..................... has relinquished her share
in the properties mentioned above in Schedule (I) as she has been compensated in
partition of Lucknow properties which are not covered in this memorandum

AND WHEREAS, the NINETH party Sri VISHNU AGRAWALA has relinquished his
share in the properties mentioned above in Schedule (I) as he has been
compensated in partition of Lucknow properties which are not covered in this
memorandum

AND WHEREAS, the TWELVTH party Smt. SUDAKSHINA BANSAL has

relinquished his/her share in the properties mentioned above in Schedule (I) as she
has been compensated in partition of Lucknow properties which are not covered in
this memorandum.

AND WHEREAS, the parties to this Memorandum of Family Settlement are the
sole legal heirs and successors of Late Dr. Vasudev Saran Agrawala

AND WHEREAS, the parties to this Memorandum of Family Settlement had

mutually orally partitioned the properties defined in Schedule-(I) at the foot of this
Memorandum of Family Settlement, but in order to avoid any further dispute in the
family and to maintain amicable relations between the parties and for the general
well being of the family, the parties to this Memorandum of Family Settlement have
decided to reduce the terms of the oral partition arrived at between the parties in
writing. Hence, are executing this Memorandum of Family Settlement.

NOW THEREFORE THIS MEMORANDUM OF FAMILY SETTLEMENT

WITNESSETH AS UNDER:

1. PROPERTY NO 1:
House no.N-1/54, Amethi Kothi, Nagwa, Varanasi :
(a) That the house no.N-1/54, Amethi Kothi, Nagwa, Varanasi belonging to
Late Dr. Vasudev Saran Agrawala and morefully defined as Property
(IV) in Schedule-B of this Memorandum of Family Settlement has been
equally divided into two parts.

4
 (b) One half of the said property comprised in it’s NORTH portion shall vest
in the TENTH party Sri. PRITHVI KUMAR AGRAWALA being the legal
heir and successor of Late Dr. Vasudev Saran Agrawala, who shall be
the absolute owner of the aforesaid half share in the said property.

(c) The remaining equal half of the said property comprised in the SOUTH
portion shall vest in the ELEVENTH party Sri DEV KUMAR AGRAWALA
being the legal heir and successor of Late Dr. Vasudev Saran Agrawala,
who shall be the absolute owner of the aforesaid half share in the said
property.

(d) A partition wall shall be constructed in the middle of the length of the
said property separating the respective shares of the seventh party on
one part and that of the eighth party on the other part.

(e) The map of the said property has duly been annexed as Map-1 and
made part of this Memorandum of Family Settlement, wherein the half
share of the TENTH PARTY has been demarcated by the
colour…………..and the half share of the ELEVENTHPARTY has been
demarcated by the colour………….

2. That the parties to this Memorandum of Family Settlement mutually agree that
they shall construct a partition wall partitioning the above property mentioned
in the preceding paragraph within one month commencing from
………………….. Furthermore, the parties in whose share the respective
property is falling shall share in equal proportion to their share the costs
incurred in constructing the partition wall.

3. That each party being the absolute owner of the property falling in his / her
share shall have all the rights to transfer, alienate or mortgage their
respective share in the aforesaid properties and to utilize their respective
share as per their needs and requirement to which the other parties shall have
no objection.

4. That the execution of this Memorandum of Family Settlement shall amount to

the no objection of the parties to each of the respective party to get his / her
name mutated in the revenue records, records of Nagar Nigam or in the
records of any government authority or local bodies.

5
5. That each party shall be liable to pay the land revenue, municipal taxes
including water tax and all other taxes payable to government authorities and
local bodies with respect to his / her exclusive share in the properties as
determined by the parties by means of this Memorandum of Family
Settlement.

6. That the parties to this Memorandum of Family Settlement shall cooperate

with each of the respective parties to execute such deeds / instruments which
might be necessary for more effectively assuring the share of the respective
party as determined by means of this family settlement.

7. That the oral partition reduced into writing by means of this Memorandum of
Family Settlement shall be binding final and conclusive on all the parties to
this Memorandum of Family Settlement.

8. That all the parties to this Memorandum of Family Settlement have put their
signatures in their sound state of mind and with their free will without any
undue pressure, coercion and misrepresentation and the oral partition reduced
into writing by means of this Memorandum of Family Settlement has already
been acted upon between the parties.

9. That the terms "first party” to "twelfth party", in this Memorandum of Family
Settlement shall mean and include their legal heirs, successors and assigns.

SCHEDULE –(I)

Property No. (A)

House No.N-1/54, Amethi Kothi, Nagwa, Varanasi comprising of land with
building, land area measuring about …………..sq. ft. and bounded as below :-
East :
West :
North :
South :