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Termination clause

“SHRI”

COLLABORATION AGREEMENT

THIS AGREEMENT is made on this 23rd day of April 2012, at Jaipur between:-

Mrs. Usha Saxena Wife of Shri Raghunath Shankar Saxena Aged around 61
Years, resident of Plot No. A-54, Jai Ambe Nagar, Tonk Road, Jaipur.

(Hereinafter collectively called as the Party of the First Part or the Owner or
the Land owner, which expression shall mean and include all their legal heirs,
administrators, executors, representatives, assignees etc.)
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AND

M/s Icarus Builders And Developers Pvt. Ltd., a Private limited Company, duly
registered and incorporated under the provisions of the Companies Act, having its
office at 302, Third Floor, Jagmohan’s Golden Fortune, Swai Bhawani Singh Road,
Jaipur through Shri Manish Kejriwal Son of Shri Banwari Kejriwal, Resident of 388,
Rani Sati Nagar, Jaipur, Director of the company, who has been authorized by the
Board of Directors of the Company by its resolution dated 15 th February 2012, which
expression shall mean and include unless repugnant to the context its successors,
assigns, nominees, administrators, liquidators etc., hereinafter in this agreement for
the sake of brevity called as “DEVELOPER” party of the Second Part.

(Hereinafter called as the Party of the Second Part or Developer which expression
shall unless it be repugnant to the context OR meaning thereof be deemed to include
all the directors, their authorized representatives, nominees, assignees legatees,
administrators, executors, successors in interest etc.)

PART–I
Definitions

In this Collaboration Agreement, unless, there is anything contrary or repugnant to the

meaning or context;

(i) "Complex" shall mean the residential multi storied Complex to be constructed
at the said Plot more particularly described in Annexure-A (To be annexed
herewith this Agreement Later) and include any additional storey or
construction as may be constructed thereon and name of the complex shall be
mutually decided by both the parties.

(ii) "Common Area" and "Common Services" shall mean the common portions
and services reserved by the developer and the Owner in the said complex for
the common use and enjoyment by various Owner and occupiers of the said
complex.

(iii) "Covered Parking Area" shall mean the areas reserved in the said complex
reserved and provided for parking of vehicles.
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(iv) "Land" shall mean the land more fully described in the Schedule-I hereunder
written.

(v) "Maintenance Agency" shall mean any Society, Association, Limited

Company, Trust and/or other Body or Institution that may be appointed for the
maintenance of the building.

(vi) "Masculine" shall include the feminine and vice-versa.

(vii) "Open Parking Area" shall mean area reserved and provided on the open land
for parking of vehicles.

(viii) "Purchaser" shall mean and include: -

(a) If the "Purchaser" be an individual, his heirs, executor, administrators,

legal representatives and/or permitted assigns.

(b) If the "Purchaser" is the Hindu Undivided Family then its karta and
members for the time being and or their survivors and respective heirs,
executors, administrators, legal representatives and/or permitted
assigns.

(c) In case the "Purchaser" be a partnership firm, then its partners for the
time being, their respective heirs and executors, administrators, legal
representatives and/or permitted assigns and;

(d) In case the "Purchaser" be a company, then its successors or successors

in interest and/or permitted assigns.

(ix) "Singular" shall include the plural and vice/versa.

(x) "Unit" is a common word assigned to flat in the Complex.

(xi) Expressions used but not defined in this collaboration agreement have the
meaning assigned to them by the developer.
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PART-II
Chain of Title

That initially Plot No. A-54, Jai Ambe Nagar, Tonk Road, Jaipur admeasuring 322.22
sq. yds. Dimension East to West 40 Ft. and North to South 72.5 Ft. boundaries of
which are East Plot No A-53, West Plot No. A-55, North Road 30 Ft. Wide and South
Plot No. A-45, was allotted by Subhash Sindhi Grah Nirman Sehkari Samiti to Mrs.
Usha Saxena.

Further Jaipur Development Authority issued a Lease Deed of said plot in favor of
Mrs. Usha Saxena dated 08.03.2002, which was registered in the office of Sub
Registrar I, on dated 08.03.2002 in Book No. 1 Volume No 1 page no. 53 Serial No.
53 and additional copy pasted in book no. 1 page no. 33 to 60 (Copy attached
herewith).

And Such Mrs. Usha Saxena became the absolute owner of Plot No. A-54, Jai Ambe
Nagar, Tonk Road, Jaipur admeasuring 322.22 sq. yds.

And as such the party of the first part became the fully possessed and owner of Plot
No. A-54, Jai Ambe Nagar, Tonk Road, Jaipur admeasuring 322.22 sq. yds.
(Hereinafter referred to as the said plot). Owners have also represented that the said
Plot is free from any litigation and is in total actual possession of the Owner, and the
said Plot bear clean & pure title and is free from all encumbrances, attachment,
notices etc. and it will be the responsibility of the Owner to indemnify the developer
for any defects arising in the title of said Plot or in case liability of the Owner is to be
discharged by the developer at any point of time.

Further whereas after considering the good location of the said Plot, the Owner have
decided to construct a multistory residential Complex on the said Plot after
demolishing the existing structure and for this the Party of the First Part/ Owner have
approached the party of the second part/ developer for development and construction
of the proposed complex.

Whereas the Party of the Second part, the Developer is a Private Limited Company
engaged in construction business having technical expertise and experienced
Directors who enjoy goodwill of high repute have decided to join hands with the Party
of the First part/ Owner in the work of development and construction of this proposed
complex on the said Plot on the belief and assurances given by the Owner that the
Party of the First Part are the absolute Owner of the said Plot and the said Plot is free
from all litigation and is in total possession of the Owner, and the said Plot bears a
clean & perfect title and is free from all encumbrances, litigation(s), attachment(s),
notices, charges, mortgages, leases, liens, prior agreement, acquisitions etc. and in
furtherance to implement their intents parties to this Agreement are entering into this
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Agreement on the Terms & Conditions hereinafter written and the party of the Second
part is ready to do the work appearing hereunder on the below mentioned terms &
conditions:-

NOW THIS AGREEMENT WITNESSETH AND IT IS HEREBY AGREED BY

AND BETWEEN THE PARTIES TO THIS AGREEMENT HERETO AS
FOLLOWS:-
PART-III
Undertakings

1. That the Owner declare that they are entitled to enter into this agreement with the
developer and they are having full rights and authority to sign and execute the
same, to enter into a collaboration agreement with the party of the second part for
the development of the said complex and to enter into negotiations, and to execute
the collaboration agreement, power of attorney etc. and the terms appearing herein
and hereby undertake that except theirs there is no right, title or interest of any
third party/ person in the said Plot.

2. That the Owner do hereby allow, authorize and give complete authority to the
Developer to demolish any existing structure and build, construct, develop and
complete a complex containing several flats.

3. That the Owner has declared that the complete sets of original title deeds of the
said Plot is in their power and possession. The Owner further declares and assures
that they shall keep the original title deeds of the said Plot always in safe custody
and shall also safeguard the same against fire, water etc. Further the Owner shall
provide a plenary set of complete title deeds duly certified to the Developer before
the start of the construction of the said complex. It is agreed by the land owner
that if the original title deeds required by the developer for any purpose in such
event land owner shall provide all original title deeds to the developer to complete
such work. Such document shall be returned by the Developer to the Land Owner
after completion of such work.

4. That the Owner hereby declare that, they have not agreed, committed to or
contracted or entered into any agreement or arrangement for sale or lease or
development and construction of the said Plot or any part thereof to any person
other than the Developer and there is no encumbrance on the said Plot and the
same is completely free from all encumbrances, whatsoever and that the said Plot
would be kept free from all kind of encumbrances, during the subsistence of these
presents.
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5. That the Owner declares that, they have not done any act, thing or executed any
deed or writing whereby or by reason whereof the development or the
construction of the said Plot and / or building(s) may be affected or prevented in
any manner whatsoever.

6. That all items of plant and machinery, tools and implements, stores and materials
that the developer will bring to the site for development / constructions purposes
shall remain exclusive property of the developer at all times and it is expressly
agreed and accepted that the Owner shall have no claim whatsoever on all such
items of plant and machinery, tools and equipment, stores and material at any
time.

7. That the Owner have represented that they are the only and the absolute Owner of
the said Plot and in case any dispute is raised at any point of time by any third
party, agency OR family members of the Party of the First Part regarding the title,
Ownership and possession of the said Plots, the Owner shall get it cleared at their
own cost and expenses within a stipulated time period of 1 month. It has been
agreed that the Owner is always liable for indemnifying the developer and the
prospective purchasers.

8. That the developer shall apply for obtaining approvals of maps and other statutory
permissions as required under the law from the concerned authority(s). That all
expenses in order to obtaining Approval & Release of the Maps for construction
of the complex from the Competent Authority, for obtaining NOC’s from different
competent Authorities and to get all the approvals etc. shall be borne by the
Developer.

9. That the Developer shall be and are hereby authorized through Power of
Attorney(s) given by the Owner to act in the name of the Owner in so far as
necessary to appear, to represent the Owner and to submit the necessary
documents in order to get the subdivision, reconstitution, construction plans
sanctioned before the local authorities such as Jaipur Development Authority/
Jaipur Municipal Corporation / JNN besides others and to file application form(s)
for apply and obtain all quotas/entitlements and other allocations for cement / steel
/ bricks and other materials as may be required for the construction and
completion of the complex from time to time and to apply for temporary
/permanent electric and water connections etc. to make the complex ready for
occupation for and on behalf of Owner.

10. That in order to facilitate the developer to get the plans approved and undertake
construction work on the said Plots, the Owner have/will execute power of
attorney(s) in favor of Shri Manish Kejriwal S/o Banwari Kejriwal, r/o 388, Rani
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Sati Nagar, Nirman Nagar, Jaipur, in the capacity of Director Icarus Builders And
Developers Pvt. Ltd. and undertakes to execute and register such other
authorization(s) as may be required for the above purposes or in connection with
the development and construction of the complex time to time.

11. That the Owner and Developer have entered into this Agreement on principal to
principal basis only and nothing contained herein shall be deemed OR construed
as constituting a service contract OR a partnership OR sale OR transfer of
property between the Developer and the Owner, nor shall the Developer and the
Owner in any manner constitute an Association of persons. Each shall be strictly
responsible for their own Income Tax liabilities OR other liabilities.

12. That the Developer shall try to obtain the permission of maximum number of
floors and area as permissible under the prevailing by-laws and in addition to the
permission obtained initially from the concerned authorities at any stage during
the construction of complex, if there is any further relaxation in the present by-
laws, then the Developer shall obtain permission of any additional floor or area at
their own expense. Further the developer shall have the sole right to
raise/construct such additional floors and area.

13. That the Owner hereby agrees and gives their irrevocable consent not to obstruct
and/or raise any objections whatsoever and/or interferes.

a) With the development work to be carried out in the entire project.

b) In carrying out any amendments, additions, alteration(s), modification(s) or

variation(s) in the construction plan(s) and

c) If the Developer get permission from Competent Authorities for additional

construction or construction of additional floors then in raising such additional
construction or construction of additional floors and whatever area gets
constructed further would be divided in the proposed ratio of this agreement.

14. That the Owner and developer have agreed not to encumber the share of each
other till the date of completion of the complex in any manner either by mortgage,
pledge or by entering into any agreement with any other party or into any
tenancy / license or lease. The Owner also declare and assure that the Said Plot
and the existing structure is un-encumbered and is free from any court injunction,
litigation and lien charge of any nature whatsoever on the date of signing of this
agreement. That any credit facility or financial loan can be availed by the
developer on its respective share in the complex as per the approved plans and the
developer can take a loan keeping only its respective share as collateral security
and the Developer will not be entitled to create any charge over the Owner's share.
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15. That the Owner shall not do any act, deed or thing whereby the developer shall be
prevented from construction and completion of the said complex.

16. That the developer will be entitled to make any structural changes of the company
M/s. Icarus Builders And Developers Pvt. Ltd. without informing or needing any
kind of permission from land owner.

17. That the Owner shall abide by all statutory rules and regulations, by-laws etc. as
the case may be and shall be responsible for any deviation, violation and/ or
breach of any of these said laws, bye-laws, rules and regulations.

18. That the developer shall be entitled to demolish the existing building/structure
and the developer will be entitled to use all salvage materials arising there from.

19. That the Owner shall do or execute or cause to be done or execute all such further
deeds, matters and things not herein specified as may be required to be done by
the developer and for which the developer may need the authority of the Owner,
including any such additional power of attorney and/or authorization as may be
required for the purpose.

20. That on performing the obligations under these presents if the Owner and the
developer transfer any portion/unit/flat out of their respective allocation, such
transfer shall be subject to the terms and conditions, restrictions and covenants
contained herein and in any documents/conveyance that might be executed should
recite the about specific stipulations contained herein and relevant for the
document executed.

21. That the land owner if required, shall always be bound to sign the sale deed for
the respective buyers of the flats falling in developer’s share of residential
complex, as and when required by the developer and competent govt. authority.

PART-IV
Work Schedule

1. That, the Owner have given complete authority and permission to the Developer
to enter upon the said Plot described in the Schedule I hereunder written as
aforesaid, with full right and authority to commence, carry on and complete the
construction/development thereof in accordance with the approval of plans
obtained, from the authorities concerned. However it has been agreed in between
parties that the party of the first part will hand over the exclusive vacant, peaceful
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possession of the Said Plot to the developer immediately after signing of this
agreement.

2. That the Developer shall take the necessary steps for preparing the plans for the
construction of the proposed Complex & submit them to the concerned
Authorities such as Jaipur Development Authority/ Jaipur Municipal Corporation/
Jaipur Nagar Nigam and / or any authority for the purpose, in law and or other
authority for the purpose for approval. That all the expenses required for the
preparation of plans for the proposed building and the expenses required for the
approval of these plans from the Municipal/Govt. Authorities/other authorities,
including their release shall be borne by the Developer and all the effort done in
this regard shall be done by the Developer, Excluding any amount required to be
deposited in the Govt. Agency/Private Agency in the from of any old dues for the
period prior to the date of this agreement. The Owner will be individually liable
for all the dues subsisting on the said Plot till the start of construction of the
complex.

3. That it has been further agreed in between the parties that in case if any liability
to pay any service tax in present or in future regarding the said project, comes
upon the Developer, then the Developer will pay the same to the concerning
department. However the Owner will reimburse his proportion of such deposit to
the Developer within a period of one week from the date of such deposit.

4. That the Developer shall get the approval of the said complex from the competent
concerned authorities. Thereafter the Developer will obtain NOC's from different
competent authorities and shall get all the approvals etc. The Developer shall get
the construction of the complex completed within a period of 12 months from the
date of approval, release of the maps and after receiving the exclusive vacant and
peaceful possession of the plot, whichever is later. However a grace period of 3
months shall be allowed to the developer in case of the delay in getting the said
work within the stipulated period on account of unavoidable circumstances. It is
agreed that if developers fails to complete the construction after the stipulated
period even after completion of grace period in such event developer shall pay a
monthly penalty of 20000 rupees to the owner for the delayed period till the
completion of work.

5. That the Developer after getting the approval of the building plans from the
concerned authorities shall handover certified copies of approved plans along with
all the requisite permissions/sanctions/NOC's to the Owner.

6. That the Developer shall construct the whole complex as per the plans and the
complex shall essentially be made uniform as regards the quality of construction,
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finishing, and materials used. The Developer shall appoint at its own cost and
expense Architects, Engineers contractors and other staff necessary to construct
the complex.

7. That it is agreed that the delay caused in getting the complex constructed and
development due to any force majeure such as riots, disturbance of peace, when
the situation of the law and order is not under the Control, strikes, non availability
of building materials, transporter’s strike, governmental restrictions and/or reason
of civil commotion, any act of god or any other natural calamity or due to any
defect in the title of the Owner or due to any dispute with the neighbors due to any
stay/ injunctions/restrain orders passed by any competent court/tribunal/authority
or some other reasons which may be beyond the control of the developer, it would
not be the responsibility of the developer and time consumed in clearance for the
above mentioned hurdles shall not be counted in the stipulated period stated above
as the time can not be essence in the collaboration agreement.

8. That it has also been agreed to by and between the parties herein that as per the
present byelaws of the Local Authorities the parking area will be surrendered to
the local authorities which shall in turn be leased out to the Owner and Developer
herein on the prescribed leased amount. The Lease Rent shall be borne in the
respective proportions by the Owner and Developer. The right of use of the
parking area vested in the Owner and the Developer is in agreed ratio as
mentioned in the later clauses of this agreement.

9. That it is hereby agreed that the entire cost of construction inclusive of any
incidental expense thereto shall be borne by the Developer and all efforts
connected with this shall be done by the Developer.

10. That in the event of any beneficial changes or otherwise required to be done in
the building plan pursuant to any amendment in the existing building regulations
during currency of this Agreement the Owner shall sign and execute all necessary
documents/plans etc. and also comply with all necessary legal formalities as may
be required to be done.

11. That without prejudice to the rights and interests of the Owner, the developer has
been permitted to open a site office and affix signage, hoardings, fix display board
on the site or at any other places and developer can also publish the advertisement
in media. The Developer holds unilateral rights to always display its own Board,
signage, hoardings on the Top of the Roof Terrace and on the front of complex
without paying any charges or remuneration to the land owner.
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12. That the Owner shall not be entitled to claim any other consideration or money
save and except those expressly agreed upon and provided in these presents.

PART-V
Consideration

For Owner:

That the Party of the Second Part as against the rights, powers, privilege as
mentioned in this agreement, shall make a advance . Security deposit of a total of Rs.
21,000/- (Rupees Twenty One Thourrsand only) as under:

Cheque/
Amount In favor To be
Stage Bank Pay Date
(Rs.) of returned
Order No.
Within
At the time 15 Days
Mrs.
of execution Yes 4th April after
21,000/- 634958 Usha
of this Bank 2012 completi
Saxena
Agreement on of the
Project
TOTAL
AMOUNT 21,000/-

And in token of acceptance of this amount of Rs. 21,000/- the parties of the first part
have signed on this agreement.

This security deposit amount of Rs. 21,000/- (Rupees Twenty One Thousand only)
would be interest free and refundable by Mrs. Usha Saxena to the party of the second
part as provided within 15 days as stipulated and agreed between the parties from the
date completion of construction of the complex. If Mrs. Usha Saxena is not able to
repay the Security Deposit amount till that date then the developer is fully competent
and entitled to recover the same from the moveable and immoveable assets or both,
and will have a right to retain the possession of the proportionate saleable area from
the portion of the owner.

For Owner/Developer:
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1. That it is hereby expressly declared that the work of Development/ Construction

of the complex as have been mentioned above is to be carried out by the
Developer. The developer will do preparation of the plans and construction of the
complex etc. For the efforts, work and costs put in by the Developer, Developer
will be entitled to receive 50% of the total constructed area on the said Plot, 50%
of all open area or covered are along with proportionate share in the said Plot
(including land) and the Owner will be entitled to receive 50 % of the total
constructed area, open area along with proportionate share in the said Plot
(including land). In other words the share of the Owner and the Developer in the
said complex will be as under:-

Owner 50%
Developer 50%

2. That the respective share of the Developer and the Owner, as per clause no.1 of
Part V of this agreement, shall be demarcated on the plans approved by both the
parties which shall than, form a part and parcel of this agreement, as Annexure A.
Division of the area will done by Unit/Flat/Space wise with the first choice of the
Owner and next to the Developer one by one, in the front side, in the central
portion and in the rear side of the complex so that the Developer & the Owner gets
the similar location on either side to have impartiality.

3. That further the roof and common areas and open space will also be shared
amongst the Owner and Developer in the above-mentioned ratio. Further in case
there is any more floors/area constructed in the said complex, the percentage
sharing shall remain the same as mentioned above.

4. That the Share of Owner or the Developer, which is in decimal, as per the
calculation of ratio decided between Owner & the Developer shall be
acknowledged by both the parties i.e. Owner & the Developer. Either of the
parties will be free to take that decimal part of the property from the other party by
mutual consent, and by paying the cost of that portion (decimal part) to the other
party or one unit/flat can be sold in common with mutual consent and the
realization amount from that unit/flat can be divided proportionally and rest of the
units/flats can be divided in the ratio without decimals.

5. That the common areas in the complex and facilities like passages, staircase,
lobbies, lift and lift well, machine room, guard room, generator and generator
room, common parking spaces, common toilets, common servant room etc. shall
remain with the Owner and the Developer in the ratio as agreed above.
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6. That both the parties shall be free and authorized to sell their own portion as per
the distribution of constructed area as per para no. 2 mentioned above in the same
part. However by way of this Agreement and the rights conferred by these present,
the Developer is fully entitled and duly authorized on behalf of the Owner to
execute the Sale Agreement / Sale Deed/ Lease Deed/ Rent Deed/ License or any
other agreement/ deed/ instrument/writing in favour of prospective buyer/any third
party and to present the same for registration in the office of Sub-Registrar and
can receive payments from the prospective purchasers for the share of the
Developer in the said Complex and the Owner will have no right or objection on
such agreements/deeds which will be executed by the Developer. In case the
signature of Owner are required by the prospective buyer or the Developer on any
such document like Sale Agreement / Sale Deed etc. The Owner is bound to sign
the same when ever and where ever it is required and the Owner will not be
entitled to receive or claim any consideration for it.

7. That the rate on which any portion/unit in the said complex shall be sold to any
prospective buyer shall be individually decided by both the parties to this
agreement for their respective shares as mentioned hereinabove.

8. That in case there is any rental income in future by the use of the vacant /
common area which have not been shared, this income will be shared by the
Owner and the Developer in the same ratio as per the agreement for all the times
to come.

9. That, in future if the permissible height is relaxed beyond the present permissible
height or the permissible FAR is increased by the competent Authority’s and are
allowed to construct more floor or area, above the initial sanctioned plan, the
Developer shall have the right to develop the additional Floor after approval of the
competent authority with the same terms & conditions of this agreement.

10. That the Developer shall be authorized to procure respective buyers of the
proposed units in the proposed complex and to receive the payment from the said
respective buyers towards the price of the said units of his share without any
interference of any kind whatsoever from the Owner.

11. That the Developer shall receive the advance amount from the prospective
buyer(s) amount on such terms and conditions as settled between these
prospective buyers and Developer without any interference of any kind
whatsoever from the Owner for the proportionate share as per distribution
agreement.

PART-VI
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Taxes/ Outgoings

1- That all taxes and grounds rent due on the land of any statutory or non statutory
authority (s), OR any other authority from the date of signing of this agreement up
to the completion of construction shall be borne by the developer and the land
owner in their proportionate share.

2- That all taxes etc. due on the property prior to the date of signing of this
agreement shall be borne by the Owner and if the developer has to pay any such
due amount, then the Owner shall duly indemnify the developer.

3- That it has been clear that both the parties shall bear Income Tax liability on their
respective shares.

4- That it has been further agreed in between the parties that in case if any liability
to pay any service tax in present or in future, comes upon the Developer, then the
Developer will pay the same to the concerning department and get it reimbursed
from the land owner. The Land owner shall reimburse such amount only for their
own proportionate share in said project.

PART-VII
Indemnity

1- That the developer is entering in this agreement with the Owner on the
representation and belief that the title of the said Plot is clear and encumbered. If
any dispute arises on title of said Plot at any time after signing of this agreement,
during the construction of the complex and even after construction of the said
complex, the entire responsibility to get the dispute resolved shall lie on the
Owner and if the property goes from the hands of the developer or any prospective
purchaser buying a unit from the share of developer then the Owner shall
indemnify the developer and purchaser buying from the developer, by paying the
actual cost of flat and construction thereon along with interest @24 % from the
date of agreement to sale in favor of the prospective buyer.

2- That if Owner or the Developer make any breach of one or more terms and
conditions appearing herein in this Agreement and agreed mutually, the Party
shall make good the loss to the Other Party.

3- That in the event of the Owner committing breach of any of the terms and
conditions herein contained the developer shall be entitled to payments of and the
Owner shall be liable to pay such losses and compensation as shall be determined
by the arbitrator so appointed by the Developer, however that if such delay shall
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continue for a period of six months then in that event in addition to any other
right, which the developer may have against the Owner, the developer shall be
entitled to sue the Owner for the specific performance of this agreement or to
rescind this agreement and claim refund of all the money paid and/ or incurred by
the developer and their respective buyers and such losses and damages which the
developer may suffer.

4- That in the event of the developer is prevented from proceeding with the
construction work during the continuance of such construction by any act on the
part of the Owner or Owner’ agents, servants, representatives or any person
claiming any right under the Owner then in that case the developer shall have the
right to claim refund of all sums paid by the developer to the Owner in the
meantime together with interest at the rate of 24 % per annum and shall also be
entitled for to claim damages and losses which the developer may suffer because
of the total expenses incurred and effort done by the developer in construction of
complex till that date but the developer’s right to sue for specific performance of
the contract shall remain unaffected.

PART-VIII
Arbitration

1- That all disputes and questions in connections with this Agreement arising
amongst the Owner and the Developer shall be referred to the sole Arbitrator
appointed by the Developer, whose decision shall be final and binding on both the
parties. That the venue of arbitration shall be Jaipur. The provisions of the
Arbitration & Conciliation Act, 1996 shall be applicable.

PART-IX
Jurisdiction

1- That only the courts in Jaipur shall have the jurisdiction to entertain and
determine or adjudicate all actions and legal proceedings arising out of or in
relation to the award of the arbitrator.

PART-X
Miscellaneous

1- That the name of the complex shall be mutually decided by The Developer and
The Land Owner.
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2- That all notices, letters shall be delivered by hand or sent through registered post
acknowledgment due to the other party at the addresses first above or at such duly
notified change of addresses.

SCHEDULE OF PROPERTY–
Schedule I

Whole of Said Plot No. A-54, Jai Ambe Nagar, Tonk Road, Jaipur admeasuring
322.22 sq. yds. Dimension East to West 40 Ft. and North to South 72.5 Ft. and
boundaries of which are as follows:

NORTH : Road 30 Ft. Wide

SOUTH : Plot No. A-45
EAST : Plot No A-53
WEST : Plot No. A-55

IN WITNESS WHEREOF the parties hereto have set their respective hands
hereunder on the date mentioned above.

Mrs. Usha Saxena

(F I R S T P A R T Y)
OWNERS

M/s Icarus Builders & Developers Pvt. Ltd

Through its Director:

Manish Kejriwal S/o Shri Banwari Kejriwal

(S E C O N D P A R T Y)
DEVELOPER

WITNESSES: -

1.
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2.

3.

4.