Sale Deed -- Plot No. 262-8 Imt Manesar Printed.docx

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TYPE OF DEED

: SALE DEED

TYPE OF PROPERTY

: INDUSTRIAL

LOCATION

: IMT MANESAR, Industrial Estate HSIIDC

PROPERTY NO. / SECTOR

: PLOT NO. 262, SECTOR - 08

PLOT SIZE

: 450 SQ. MTRS.

TOTAL BUILT-UP AREA

: 152.09 SQ.MTR. or (1637.09SQ.FT. approx.)

TRANSACTION VALUE

: Rs. 1,21,00,000/-

STAMP DUTY

: Rs. 6,05,000/-

STAMP CERTIFICATE NO.

: G0272017F2313

STAMP GNR NO. / DATED

: 28210632 / 27.06.2017

SALE DEED THIS SALE DEED IS MADE AT MANESAR GURUGRAM ON THIS 28rd DAY OF JUNE 2017

BY

M/s. GURNOOR ENTERPRISES PRIVATE LIMITED, [ PAN no. AACCG3398Q ] a company incorporated under the provisions of Companies Act, 1956 and having its Registered Office at Shop No. 22, Nauroji Nagar Market, New Delhi - 110016, through its duly Authorized Director SHRI HARVINDER SINGH vide Board Resolution dated 12.05.2017 (hereinafter referred to asthe “VENDOR”, which expression shall unless opposed to the context hereof include its heirs, successors, survivors, administrators, executors, legal representatives and assigns) of the ONE PART: IN FAVOUR OF M/s. COSMO INSTRUMENTS INDIA PRIVATE LIMITED, [ PAN no. AADCC8175C ] a company incorporated under the provisions of Companies Act, 1956 and having its Registered Office at Plot No. 261, Sector - 8, IMT Manesar 122050, Gurugram, Haryana, through its duly authorized Director SHRI RAMKUMAR BASNET vide Board Resolution dated 24.03.2017 (hereinafter referred to as the “VENDEE”, which expression shall unless opposed

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to the context hereof include its heirs, successors, survivors, administrators, executors, legal representatives and assigns) of the OTHER PART:

WHEREAS above said VENDOR is sole and absolute owner and in possession of Industrial Plot Bearing No. 262, measuring 450 Sq.Mtr., having total Built-up Area of 152.09Sq.Mtr. (1637.09 Sq.Ft. approx.) situated in Industrial Estate known as IMT MANESAR, Sector 08 Tehsil Manesar and District Gurugram, Haryana (“said Property) bounded as under : East

:

Entrance and 15Mtr. Wide Road

West :

Plot no. 261

North :

15Mtr. Wide Road

South :

Plot no. 263

by way of:-

i.

Re-Allotment Letter Ref. no. HSIIDC: (IMT)2221 dated 23.06.2014 issued by Haryana State Industrial & Infrastructure Development Corporation Limited (hereinafter referred to as “HSIIDC”) in favour of the VENDOR.

ii.

WHEREAS said Smt. Anita Rathi had sold/transferred the said propertyto the VENDOR vide Sale Deed vasika no. 529dated 29.05.2014, which has been registered in the office of Sub-Registrar, Manesar as document no. 529 in Book No. 1, Volume No. 224 on Page no. 133 duplicated in Book No. 1, Volume No. 143 on Pages 57-58 dated 29.05.2014.

iii.

WHEREAS said Mrs. Anita Rathi has constructed factory building measuring 152.09Sq.Mtr. (1637.09 Sq.Ft. approx.) on the said Plot from her own sources and obtained occupation certificate no. HSIIDC/PO/IMT/UV/1384 dated 22.02.2010 from HSIIDC.

iv.

WHEREAS HSIIDC had executed conveyance deed having Vasika no. 1805 dated 22.04.2008 in favour of the said Smt. Anita Rathi, which has been registered in the office of Sub-Registrar, Manesar as document no. 1805 in Additional Book No. 1, Volume No. 10552 on Pages 57-58 dated 22.04.2008.

v.

WHEREAS HSIIDC had allotted an Industrial Plot No. 262, measuring 450 Sq.Mtr., situated in the Industrial Township known as IMT Manesar, Sector - 08 Tehsil and

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District Gurugram, Haryana to Smt. Anita Rathi, wife of Shri R. K. Rathi, resident of A-114, Jalvayu Tower, Sector – 56, Gurugram, Haryana vide their Regular Letter of Allotment RLA no. 10743 dated 07.07.2004.

AND WHEREAS the VENDOR has obtained necessary transfer permission from HSIIDC vide Memo/Letter no. HSIIDC/IMT/ESTATE/2016/647 dated 16.06.2017 to convey/transfer all their rights, title, interest in the said Property to the VENDEE.

AND WHEREAS the VENDOR hereby confirm that they have complied with all the terms and conditions of above stated RLA, Agreement and Re-Allotment Letter, Provisional Transfer Permission Memo/Letter etc. as stipulated by HSIIDC and have also deposited all the amount/dues payable to HSIIDC towards Enhancement charges, Processing fee, Maintenance charges, Augmentation charges, EDC, Electricity, Water and Sewerage charges etc. and nothing is now due or payable against the said Property. AND WHEREAS the VENDOR has good title & absolute authority to sell and transfer the said Property to the VENDEE and none else has/have any right, title and interest in the above said Property. WHEREAS the VENDOR due to some bonafide needs and requirements has decided to sell the above said Property and the VENDEE have agreed to purchase the said property on the following terms and conditions. THEREFORE, IT IS HEREBY AGREED, DECLARED, COVENANTED AND RECORDED BY AND BETWEEN THE PARTIES HERETO AS FOLLOWS:-

1. That the VENDOR has agreed to sell the above said Industrial Plot Bearing No. 262, measuring 450 Sq.Mtrs., having Built-up Area of 152.09 Sq.Mtr. (1637.09 Sq.Ft. approx.), situated in Industrial Estate known as IMT MANESAR, Sector – 08, Tehsil Manesar and District Gurugram, Haryana and the VENDEE has agreed to purchase the same for a total sum of Rs. 1,21,00,000/- (Rupees One Crore Twenty One Lakhs Only) which is received by the VENDOR from the VENDEE as the cost of the above said Property as under:-

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a) Rs. 25,00,000/- (Rupees Twenty Five Lakhs Only) vide Demand Draft no. 012306 dated 11.05.2017 drawn on HDFC Bank Limited, Manesar, Gurugram 122050, Haryana favouring M/s. Gurnoor Enterprises Pvt. Ltd. b) Rs. 94,79,000/- (Rupees Ninety Four Lakhs Seventy Nine Thousand Only) vide Demand Draft no. 012630 dated 23.06.2017 drawn on HDFC Bank Limited, Manesar, Gurugram 122050, Haryana favouring M/s. Gurnoor Enterprises Pvt. Ltd. c) And the VENDEE has deposited a sum of Rs.1,21,000/- (Rupees One Lac Twenty One Thousand Only) to Income Tax Department as 1% TDS on behalf of VENDOR, vide Challan Serial no. 02513; BSR Code 0011352 dated27.06.2017.

2. That at the time of execution of this Sale Deed, the VENDOR hereby acknowledges the receipt of the Entire Sale Consideration from the VENDEE and no amount whatsoever is outstanding or payable to the VENDOR towards any accounts by the VENDEE regarding the said Property.

3. That the VENDOR herein as absolute owner of the said Property being of sound mind, in full senses, by free will, and without any pressure does herein grant, convey, sell and transfer all their rights, titles and interests in the above said Property unto the VENDEE herein. 4. That the above said Property transferred herein is freehold and is absolutely free from all sorts of encumbrances, claims, demands, dues, liens, gifts, mortgages, loans, decrees, litigations, family dispute, court cases, prior-sales to anybody, prior agreement to sell or gift to anybody or receipt to anybody etc. If it is ever proved in a court of law that the assurances stated above in this clause are not true and the VENDEE suffers a loss thereby, the VENDOR hereby indemnifies the VENDEE for the loss thereby suffered by the VENDEE and agrees to make good the same at all times in future.

5. That the VENDOR hereby assures the VENDEE that said Property is not been presently used as security for raising any finance from any Bank/Financial Institution or body (Government or Private). If it is ever proved in a court of law that the assurances stated above in this clause are not true and the VENDEE suffers a loss thereby, then the VENDOR hereby indemnifies the VENDEE for the loss thereby suffered by the VENDEE and agrees to make good the same at all times in future.

6. That the VENDOR has assured the VENDEE that no amount towards any account up to the date of execution and registration of this Sale Deed is outstanding or payable to the

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Financial Institutions/Bank, Excise and Sale-Tax Authorities, Municipal Corporation, HUDA, HSIIDC, etc. or any other concerned authority in respect of the above said Property, and in case anything is found so due till the date of executions and registration of this Sale Deed, then the VENDOR shall pay the same in full, either to the authority demanding such dues or to the VENDEE as the case may be.

7. That the VENDOR hereby admits that now VENDOR has left with no rights, titles and interests of any nature whatsoever in the above said Property and the VENDEE have become the absolute owner of the above said Property and the VENDEE will now enjoy and utilize the above said Property in any manner without VENDOR or any persons claiming title through or under in. 8. That the Property hereby conveyed was VENDOR’s self-purchased Property by virtue of Re-Allotment Letter / Sale Deed mentioned hereinabove and that no one else except the VENDOR has rights, claims, interests and concern whatsoever in the above said Property or any part thereof.

9. That the physical possession of the above said Property hereby conveyed / delivered to the VENDEE by the VENDOR on the spot and now the VENDEE has become the absolute owner and in possession of the same and shall enjoy all the rights, titles, interests, privileges, passages, possessions and absolute ownership on the above said Property without any hindrances, claims, demands by the VENDOR or VENDOR 's heirs.

10.

That all the previous documents as available with the VENDOR i.e. previous Conveyance Deed, Sale Deed, Allotment / Re-allotment letter, Receipts, Sanctioned Plans, Occupation Certificate etc. and all other relevant documents concerning the above said Property, has been handed over by the VENDOR to the VENDEE in original at the time of execution of this Sale Deed.

11.

That all the expenses for this Sale Deed i.e. stamp duty, registration fees and other incidental charges etc., have been borne and paid by the VENDEE.

12.

That the VENDOR and VENDEE shall be abide by all the terms and conditions laid down by HSIIDC and/or mentioned in the previous RLA, Agreements, Conveyance Deed,Allotment &Re-allotment Letter etc.

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13.

That the VENDEE shall be entitled to use the above said Property in any manner deemed fit by him/them, subject to government/HSIIDC rules and regulations, and the VENDOR undertakes not to raise any objection to the same. The VENDOR has assured the VENDEE that VENDOR has got a clear marketable title in respect of the above said Property and that the VENDOR is entitled to sell the same to the VENDEE.

14.

That in the event the above said Property, or any part thereof, being lost to the VENDEE on account of defective title of the VENDOR on account of any concealment on his/their part or fact, the VENDOR shall indemnify the VENDEE for such loss together with all reasonable litigation expenses incurred by the VENDEE and damage suffered by it. The VENDOR is not left with any right title or interest in the above said Property in question which has become the absolute property of the VENDEE.

15.

That the House Tax, Municipal Tax, Electricity Bills, Water Bills and HSIIDC dues in respect of above said Property has been paid and cleared by the VENDOR up to the date of execution of this sale deed absolutely and thereafter it shall be the responsibility of the VENDEE for such payments and taxes.

16.

That the VENDEE can get the above said Property transferred and mutated in their own name as owner in the records of HSIIDC, Municipal Corporation Gurugram, DHBVNL, Public health and all other concerned authorities on the basis of this Sale Deed or its certified true copy. The VENDOR undertakes not to raise any objection to the same and The VENDOR shall execute all such documents and do all requisite acts, deeds and things as may be required, at the expense of the VENDEE, for getting incorporated the name of the VENDEE as owner in the records of concerned authority in terms of this sale deed.

17.

That the VENDEE has inspected the said Property and gone through the documents regarding the ownership/title of the VENDOR in respect to the said Property.

18.

That in case of any dispute, liability or any direction issued by any court regarding the above said property prior to the date of this registry/Sale Deed. then the VENDOR will be fully liable and incase of any loss or damage cause to VENDEE, will have to be compensated by the VENDOR to the VENDEE.

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THE VENDOR DECLARES AND ASSURES THE VENDEE A. That the Property hereby conveyed was VENDOR’s self-purchased Property by virtue of Re-allotment letter, Sale Deed etc. mentioned hereinabove and that no one else except the VENDOR has rights, claims, interests and concern whatsoever in the above said Property or any part thereof. B. That the above said Property hereby conveyed is free from all sorts of encumbrances, charges, gifts, legal flaws, liens, taxes, dues, demands, liabilities, notifications, mortgages, litigations, court decrees and attachments.

C. That the contents of these presents are true and correct. If at any time hereafter the assurance and contents contained hereinabove are found to be incorrect, due to any defect in the title of the VENDOR or VENDOR’s rights to sell the above said Property hereby conveyed or any part thereof and the VENDEE suffers any loss, then the VENDOR shall be liable to make the good the loss thus suffered by the VENDEE and keep the VENDEE saved, harmless and indemnified through VENDOR’s Properties, whether moveable or immovable against all such losses, costs, damages and expenses occurring thereby. IN WITNESS WHERE OF THE PARTIES ABOVE NAMED HAVE AFFIXED THEIR SIGNATURE ON THIS SALE DEED ON THE DAY, MONTH AND YEAR WRITTEN IN THE PRESENCE OF THE WITNESSES GIVEN BELOW:

WITNESSES: 1. VENDOR M/s. GURNOOR ENTERPRISES PRIVATE LIMITED through its Authorized Director SHRI HARVINDER SINGH

2. VENDEE M/s. COSMO INSTRUMENTS INDIA PRIVATE LIMITED through its Authorized Director SHRI RAMKUMAR BASNET