SALE AGREEMENT

Sale Agreement

This Agreement of sale is made on this day of Between

1) Mr. Baldev Ramnarayan,

son of Mr. Ramnarayan Chellaram

aged about 64 yeears.

2) Mrs. Sheila Baldev

wife of Mr. Baldev Ramnarayan

aged about 59 years.

both residing at No.194,

Defence colony,

6th main, II Stage

Indiranagar

Bangalore 560 038.

PAN of Mr. Baldev Ramnarayan ITO-6 (1) B-86

PAN of Mrs. Sheila Baldev ITO-6 (1) S-395

Hereinafter called the VENDORSS which term and expression shall whenever and wherever the context so requires be deemed to mean and include their heirs, executors, administrators, legal representatives and assigns of the First PART.

And

Hereinafter referred to as the Purchaser which expression shall, wherever the context so requires or admits, mean and include, his heirs, executors, administrators and assigns of the other Part;

WITNESSES AS FOLLOWS:

WHEREAS the property bearing old No.1, (old No.1/1) Sampangi Tank Road, Bangalore originally belonged to Sri. Gordhan Bhai C. Patel he having purchased the same under a sale deed dated 7:10:1948 registered as document No. 1220, Book I, in the Office of the Sub-Registrar, Civil and Military Station, Bangalore.

WHEREAS the said Property was partitioned between the Sri. Gordhan Bhai C. Patel, his son Prashanth Kumar Patel and two daughters Chetana Patel and Trupti Patel as per the final decree passed in .O.S. 296/1979 on the files of the 2nd Additional Civil Judge, Bangalore.

WHEREAS the final decree was duly registered on 30:8:1980 as document No. 2174, 2175, 2176 and 2177 in Book I, in the Office of the Sub-Registrar, Gandhinagar, Bangalore

WHEREAS in the partition above said, Smt. Chetana Patel was allotted an extent of 10,017 sq.ft and under a Special Notice No. MTR/187/80-81 9A (a) 43 KTR 43/80-81 dated 11:12:1980, the Assistant Revenue Officer, Shivajinagar Range of the then Corporation of the City of Bangalore, registered the khata of her share by allotting a new number 1/3 and the share allotted to Smt. Chetana Patel with the new khata number is morefully described hereunder and hereinafter referred to as the Schedule A Property.

Whereas in this manner, the said Mrs. Chetana. Y. Patel became the the absolute owner of the Schedule A Property

And Whereas, the Mrs. Chetana. Y. Patel entered into a development agreement dated 25:1:1993 with M/s Rockline Constructions (hereinafter referred to as BUILDERS) and formulated a scheme for the construction of a multi-storeyed residential complex known as Mulberry Lane (East) in accordance with the plan sanctioned vide L.P.No.259/93-94 issued by the Commissioner, Corporation of City of Bangalore.

And Whereas pursuant to the said scheme, undivided share in Schedule A Property was agreed to be sold in favour of the prospective Purchasers who separately contracted with the Builders for the construction of the Apartments.

Whereas one Sri. Mr. Upamaka Raghunath Rao, son of Dr. Upamaka Brahmji Rao, had joined the said scheme as prospective Purchaser and became the owner of the immovable property being 2570/21290th undivided share, right, title & interest in the land comprised in the Schedule A Property and the apartment bearing No.G-2 in the Ground Floor, measuring 2570 Sq.Ft. together with one reserved car parking space, a servant quarters in the basement and exclusive private garden measuring approximately 1000 sq.ft in the multi-storeyed building known as Mulberry Lane (East) by virtue of sale Deed dated 17th June 1996 registered as No.1005/96-97 in Book-I, Vol.4348, Pages 26 to 33, in the office of the Sub-Registrar, Gandhinagar, Bangalore, executed by the said Smt. Chetana Y. Patel represented by her power of attorney Aslam Zakria Sait and the apartment was assessed to Municipal Tax and allotted a separate new No.1/3-1, Fort Road, Sampangiramanagar, Bangalore which property is morefully described in Schedule B hereunder and hereinafter referred to as Schedule B Property

WHEREAS the said Sri. Mr. Upamaka Raghunath Rao, son of Dr. Upamaka Brahmji Rao, by the registered sale deed dated 27:12:1999 registered in the office of the Sub-Registrar, Gandhinagar, Bangalore as document No. 3288/1999-2000 in Book I, Volume 4654, at pages 239 to 248, sold the Schedule B Property in favour of the Vendors herein for valuable consideration

WHEREAS in this manner, the Vendors have become the absolute owners of the Schedule B Property and their names have been entered in the khata register of the then Bangalore City Corporation and now Bangalore Mahanagarapalike and Schedule B Property is allotted the Property ID number as 77-5-1/3-1.

the Vendorss have negotiated with the Purchaser for the sale of the subject to mutually agreed terms and conditions and both the parties propose to reduce the terms of the sale agreement in writing.

WHEREAS the on being approached by the Purchaser, the Vendors have offered to sell Schedule B Property for a total sale consideration of Rs. ../- [Rupees ..Only] and the Purchaser has agreed to purchase the same;

NOW THEREFORE THIS INDENTURE WITNESSETH That in pursuance of the above and in consideration of Rs. ../- (Rupees only) paid by the Purchaser to the Vendors in the following manner.

By cheque bearing No.issued by HDFC bank in favour of the Vendors.

the receipt of which sums the Vendors herein hereby acknowledge as having been received and acquit the Purchaser from making any further payment, the Vendors do hereby sell, grant, transfer, convey and assign unto and to the Purchaser absolutely and free from all encumbrances, the Schedule B Property namely; immovable property being 2570/21290th undivided share, right, title & interest in the land comprised in the Schedule A Property and the apartment bearing No.G-2 in the Ground Floor, measuring 2570 Sq.Ft. together with one reserved car parking space, a servant quarters in the basement and exclusive private garden measuring approximately 1000 sq.ft in the multi-storeyed building known as Mulberry Lane (East), which is now known as and bearing corporation No.1/3-1, Fort Road, Sampangiramanagar, Bangalore, Corporation Ward No.77, Bangalore having Property ID No 77-5-1/3-1 with rights to pass through all the common passage leading to the main road and amenities, ABSOLUTELY AND FOREVER and TO HAVE TO HOLD and to ENJOY the same and every part thereof unto and to the use of the Purchaser absolutely free from all encumbrances. AND that the Vendors do hereby declare that he, the Vendors are the true, lawful and absolute Owners of the Schedule B Property and that the Vendors have not acted in any manner with the result that such right is curtailed.

AND in particular, the Vendors do hereby declare that the Schedule B Property is free from all encumbrances, liens, charges lease or Court proceedings and that all taxes levied up to the date in respect thereof have been paid and Vendors undertakes to discharge any such amount found levied or leviable upto this date AND that the Purchaser shall be the absolute Owner of the said Apartment subject to the rights, restrictions and liabilities herein below set out

AND that it shall be lawful for the purchaser from time to time and at all times hereafter peacefully and quietly to hold under upon occupy, possess and enjoy the Schedule B Property hereby granted, conveyed, transferred and assured with their appurtenances and receive the rents, issues and profit thereof and of every part thereof to and for his own use and benefit without any suit, lawful eviction interruption claim and demand whatsoever from or by the Vendors or their successors and assigns or any of them from or by any person lawfully or equitably claiming or to claim under or in trust for them or any of them.

AND FURTEHR that the Vendors and all persons having or lawfully or equitably claiming any estate, right, or interest at law or in equity in the Schedule B Property hereby granted, conveyed, transferred and assured or any part thereof by from under or in trust of it the Vendors shall and will from time to time and at all times hereafter at the request and cost of the Purchaser do and execute or cause to be done and executed all such further and other lawful and reasonable acts, deeds, matters, things, conveyances and assurances in law whatsoever for the better further and more perfectly and absolutely granting unto and to the use of the further and more perfectly and absolutely granting unto the use of the Purchaser in the manner aforesaid as shall or may be reasonably required by the Purchaser in manner aforesaid as shall or may be reasonable required by the Purchaser its successors or assigns or its or their Counsel in law for assuring the said Schedule B Property and every part thereof hereby granted, conveyed transferred and assured unto and to the use of the Purchaser in manner aforesaid.

AND the Vendors doth so far as relates to its own acts and deeds on but not further or otherwise doth hereby covenant with the Purchaser that the Vendors hath not at any time heretofore made, done, executed, omitted or knowingly or willingly permitted, suffered or been party to privy to any act, deed, matter or thing whereby or by reason or means whereof it is prevented from conveying, transferring and assuring the said Schedule B Property in manner aforesaid or whereby or by reason or means whereof the same or any part thereof can, shall or may be charged, encumbered, impeached or prejudicially affected in estate title otherwise howsoever.

1. RIGHT OF THE PURCHASER

In the course of Ownership and enjoyment of Schedule B Property and the said Apartment, the Purchaser shall have the following rights:

a) Full right and liberty for the Purchaser and all persons authorized or permitted by the Purchaser (common with all other persons entitled, permitted or authorised to the like right) at all times by day and night to go, pass and repass the staircase and the passage inside and outside the building wherein the said Apartment is located on the Schedule A Property.

b) Full right and liberty to the persons referred to supra in common with all other persons with or without motor cars or other permitted vehicles at all times, by day and night to go, pass and bypass over the land appurtenant to the buildings the Schedule A Property.

c) The right to subjacent and lateral support, shelter and protection from the other parts of the building wherein the said Apartment is located and from the said and roof thereof.

d) The right to free uninterrupted passage of running water, soil, gas and electricity from and to the said Apartment and the building wherein the said Apartment is located through the sewers, drain and water courses, cables and wires which now are, or may at any time hereafter be, in, under or passing through the said building or any part thereof

e) The right of passage for the Purchaser and the Purchasers Agents or workmen to the other parts of the building wherein the Apartment is located and also to the water tanks for cleaning, repairing or maintaining the same at all reasonable times after taking consent from the person appointed by the Association of Apartment Owners formed for maintenance.

f) Right to lay cables or wires through common walls or passage for radio, television, telephone and such other installations and with the permission of Association of Apartment Owners drawing cables through common areas however, having due regard to the similar rights of the other Owners of Apartments.

g) Subject to payment for common facilities and services the right to enjoy the common services and facilities provided in the buildings constructed on the Schedule A Property.

h) The right to use in common open areas around the buildings constructed area, the entrance area of such buildings and the common terrace of such buildings (other than terrace exclusively allotted to any specific person) without right to erect any structure thereon.

i) Absolute ownership and possession of the said Apartment

2. RESTRICTIONS ON THE RIGHT/S OF THE PURCHASER:-

The Purchaser shall be bound by the following restrictions and covenants in the course of ownership and enjoyment of the said Apartment.

a) Not to raise any construction in addition to the said Apartment.

b) Not to use or permit the use of the said Apartment in a manner which would diminish the value, utility of the pipes, cisterns and other common amenities provided in the buildings constructed on the Schedule A Property.

c) Not to use the space in the land left open after the construction of the buildings on the schedule A open Property for parking any vehicle; not use the space left open after the construction of the building on the Schedule A Property in a manner which might cause hindrance for the free ingress to or egress from any part of the building or from the Schedule A Property.

d) Not to construct any thing in the land appurtenant or the space meant as garden/lawn.

e) Not to store any materials in the terrace and keep the terrace clean.

f) To be bond by the rules and regulations governing the use of the common facilities as may be determined by the Association of Apartment Owners formed for maintenance.

2. EXPENSES TO BE BORNE BY THE PURCHASER:

1) The purchaser has borne the stamp duty and registration charges towards the present sale deed.

2) The Purchaser shall bear all expenses relating to the said Apartment including internal maintenance, Corporation tax relating thereto. The Purchaser shall also bear proportionate share of the common expenses, the proportion being the super built area of the Apartment on the Schedule A Property.

SCHEDULE A PROPERTY

All that piece and parcel of immovable property now known and bearing khata number 1/3, situated at Fort Road, Sampangiramanagar, Bangalore Mahanagarapalike Division No. 73, Bangalore with the total site area of 10,017 sq.ft and bounded on the

East;

Private property

West: Private passage and property of Smt. Trupti Patel

North:Private passage and Rajaram Mohan Roy Road & Private property

South: Ranka Park.

SCHEDULE B PROPERTY

All that piece and parcel of immovable property being 2570/21290th undivided share, right, title & interest in the land comprised in the Schedule A Property and the apartment bearing No.G-2 in the Ground Floor, measuring 2570 Sq.Ft. together with one reserved car parking space, a servant quarters in the basement and exclusive private garden measuring approximately 1000 sq.ft in the multi-storeyed building known as Mulberry Lane (East), which is now known as and bearing corporation No.1/3-1, Fort Road, Sampangiramanagar, Bangalore, Corporation Ward No.77, Bangalore having Property ID No 77-5-1/3-1 with rights to pass through all the common passage leading to the main road and amenities, and bounded.

On the East by: Ramp leading to the Basement

On the West by: Common passage and West Block

On the North by: Common passage

On the South by: Common lobby & Flat No.G1.

Particulars

The total site area of the schedule property works out to 1209 Sq.Ft. The building was constructed and completed in the year 1994-95 with burnt bricks and cement plaster. It has R.C.C. roofing, Mosaic flooring.

IN WITNESS WHEREOF the Parties have set their hands to this deed of sale agreement on the day, month and the year first above written.

WITNESSES :

1.

VENDORS 1

VENDORS 2

2.

PURCHASER