; Vy Oct eon a 4 8 Memorandum of Understanding cum Term Sheet THis Hhemorandum of Understanding (MOU) cum Term sheet is made on day ot__FEB 2013, at Lucginow by and between Mis Ansal Properties and Infrastructure Limited a company registered under the Companies Act, 1956 having its office at 118, Ansal Bhawan, Kasturba Gandhi Marg, New Delhi-110001 through its authorized signatory Ms. Neelima Saxena Dio Late Shri S.B. Saxena and Mr. Neeraj Tewari S/o Shri P.C. Tewari, Rio ‘AnsalfApi, 4" Floor, YMCA Campus, 13 Rana Pratap Marg, Lucknow, authorized vide Board Resolution dated 50.07 font ert herinter refered to as the FIRST PARTY: Aras] APT of he One Part 4 ANDMe K. D. Infraventures Private Limited. a company registered under the Companies Act, 1856 having its office at 208 / 41 KA, Bagh Sherjung, Aghamir Dyodhi, Subhash Marg, Lucknow ~ 226003, (U.P.) through its Director / Authorised Signatory Mr. Dube Flares! authorized vide Board Resolution dated 2Z)}12-]>~ 10, hereinafter referred to as the SECOND PARTY! K. D. Infravontures of the Other Part Now this MoU cum Term Sheet is understood and witnesseth as follows: Name of the Party: Mis K. D. Infraventures Private Limited. Proposed Product: , Tower: B-1 in G.H.01 at Golf Community, Sushant Golf City, Lucknow. Total F.S.| Area = 30046,594 sq.nt, = 323421.53 sq. ft. Basic Rate = As in the table below: Ere fe Cost on Site aE Basic Cost @ Services Total Value (D+E) sino. | Property een Rs.660/-per | Development @ (inRs.) 1a) o te ‘sq. ft. Rs. 440/- persq.ft_ | @Rs. 11001- per ) (0) (Optional) sat. © 1 Towerb | 323,421.69 | 21,34,88,200.80 | 14,23,05,473.20 36,57,63,683.00 Total 3,23,421.83 | 24,34,58,209.80 | 14,23,05,473.20 | 35,57,63,689.00 Explanation: The FSI area shall cepend on the actual maximum FSI as permitted by LDA and the execution of the project and may marginally vary. In such case these rates willbe applicable as per actual maximum FS) ohevable. This FSI atea may further increase or decrease and in that case the area as approved by the Controlling Authority will be acceptable for payments at the rates shown in this chart NB: The development of the site shall be completed by the second party within 24 months of this Term Sheet to the satisfaction of the First Party. In case of his failure, the work will be completed by the Company, Ansal ‘API and cost atthe rates as above will be recovered from the second party, However, Second Party shall pay the charges towards site services development as and when demanded by the First Party. VENTURES PRIVATE UngtT ED Psepe Kerr}a. Booking Amount: 5% of the Basic Cost i.e. Rs. 1,06,72,910.49 to be deposited by 15" December Jott sud the 5% of cost of site services development (optional) l.e. Rs. 71,15,273.6 to be ‘deposited on or before 15" December 2011. b. 25% of the Basic Cost [.e,Rs 5,33,64,552.45 will be payable within 6 months and the balance amount of Re 16,00,93,687.38 to be deposited in 10 equal bimonthly installments of Rs. 4,60,09,365.73 each commencing from 15" June 2012, Due Date Basic Cost Due S.No. Remarks {on or before) (Rs.) 1 | Booking Amount (5% of basic cost) | 15"December 2011 | 1,06,72,910.49 Within 1 month from S.No.1(5% of 2 | basic cost) 15" January 2012 1,06,72,910.49 Within 1 month from S.No.2(5% of 7 3 | basic cost) 15" February 2012 | 1,06,72,910.49 Within 4 month from S.No.3(5% of He 4 | basic cost) 15" March 2012 1,06,72,910.49 — —VWithin 7 month from S.No.4(5% of | cet 5 | basic cost) 15" April 2012 1,06,72,910.49 & | Within 2 months from S.No.5 15" June 2012 “1,60,09,365.73 7] Within 2 months from .No.6 15" August 2012 | 1,60,09,365.73 B | Within 2 months from $.No.7 75" October 2012 | 1,60,09,365.73 9 jn 2 months from S.No.8 75" December 2012 } 1,60,09,365.73 70 _{ Within 2 months from S.No.9 15" February 2013 | 1,60,09,365.73 Zi | Within 2 months from S.No.10 15” April 2013 | 1,60,09,365.73 12 | Within 2 months from S.No.41. 75" June 2013 | 1,60,09,365.7313 | Within 2 months from S.No.12 15" August 2013 1,60,09,365.73 14 ‘Within 2 months from S.No.13 15" October 2013 1,60,09,365.73 1s ‘Within 2 months from S.No.14 15" December 2013 1,60,09,365.78 TOTAL 21,34,58,209.80 OTHER TERMS (2) Permission for commencement of Sales and Marketing shall be given after payment of 20% of the Basic Cost and on submission of the Building Plans with LDA for approval. {b) No marketing activities shall be allowed before permission for commencement of Sales & Marketing (6) Permission for construction and provisional possession of the Block for construction shall be given after payment of 30% of the Basic Cost as per the scherlule mentioned herein above. The Second Party shall deposit PDCs for site development cost before taking the provisional possession in case site development status is not informed by the Second Party. (@) The Basement & Stit if in the approved plan of blocks / tower purchased Is to be constructed by ‘Second Party and owned / retained by them. This is not part of FSI. The parking area in the basement and stilt floor shall be sold by the second party itself. (©) The power connection from the sub-station located within the project to the blocks wil be taken by the second party on its own cost and developer shall facilitate. The expenses incurred in conductors, transformers, meters, and all the connected equipments shall be borne by the second party Itself. () Maintenance charges as per HiTech Township policy admissible to all other allottees will also be paid by the second party / occupant / owner of the apartments to the First Party or any Agenoy / Company nominated by the First Party at the rate decided by the First Party or its nominated Agency / Company. ‘The Second Party shall incorporate a clause of maintenance in its agreements with its alottees / buyers ic, stating that the such allottee / buyer of the unit unconditionally agrees and undertakes to pay necessary maintenance charges from the date when possession is offered to him / her / them, as determined by the First Party oF its nominees towards maintenance of water supply, electricity, parks, open spaces, roads, cleaning and sweeping, street lights, sewer, storm drain etc. and for maintenance various value added services unlil the services are handed over to the respective government agenoy(les) / local body. The allotiee / buyer of the unit shall deposit with the First Parly a sum 2s decided by the First Party by way of interest free security to ensure timely payment of maintenance charges. The amount will be payable by the allottee / buyer ofthe unit and will be paid at the time when possession is offered or sale deed is executed, whichever is earlier, However, the maintenance ‘charges shall become payable from the date of offer of possession. (@) The buildable area, ie the FSI area calculations are as permissible within the bye-Jaws, The final area calculated as per the Sanctioned Drawings shall be binding and acceptable by both the parties for payment and construction purpose.(ny @ a tk) aw ‘The Second Party shall strictly follow the norms of Ground Coverage & FAR and elevations as defined in the approved plan, The Second Party shall maintain the outer elevation of the bullding as designed by the First Party. ‘The Second Party shall endeavour fo complete the construction of the towers within 30 months from the date of sanction of plans from the concemed authority failing which it will pay penalty @ Rs. 5/- per ‘sq.ft. per month for the period of delay to the First Party. That the Club building for the premises will be built and managed by M/s. K.G. Constructions who will operate the club and each allotiee of your complex wil be entitled to get the membership of the club within the rules to be framed with the approval of the First Party. The Second Party and its allottee wil have no objection if after providing the facilities for the residents of G.H. -1 the developer of the club also takes membership from outside. However, a committee will approve the outside members in which one of your allottee will also represent. Second Party also agrees o comply with all the conditions as will be applicable as standard terms applicable to an allottee under the Hi-Tech Township Policy and also agrees to comply with the conditions as laid down by the Central and State Government from time to time. ‘The cost of site services development shall be paid in terms of this Term Sheet (im) Timely payment is the essence of this agreement. The total Payment Period is of 24 months and in (n), ©) (p) (a) © wo w) ™ case the Second Party fails / delays or neglects to make the payment of any installment as per the schedule mentioned herein above, it shall be liable to pay interest calculated @ 18% p.a. for the period of delay, First Party at its own discretion may terminate the deal in case of delay and forfeit the 20% of ‘amount paid by the Second Party including the cost on site development. Extetnal Development shall be completed by the First Party; but other charges as may be payable under the Hi-Tech Township to the Govt. shall be paid by the Second Party or his assignee or allottee as the case may be. Alter the township is handed over to local body or even if before it whenever any tax Is imposed the ‘same shall be payable by the second party / allottee / occupant / owner of the apartments, The draft of flat buyer agreements / lease deed documents between the second party and its allottees / lessees wil be got approved by the first party before itis formally signed and executed ‘All the costs towards construction and development of the complex / building shall be incurred by the Second Parly and it shall be solely responsible for the completion certificate from the concermed authorities. [Al services to be laid within the plot and building shall be in the scope of responsibilty of Second Party. “Second Party’ will have to pay for all services connection of his bullding to trunk services of the colony as per demand raised by M/s Ansal API and connections shall be provided only after making full payment against the demand raised by M/s Ansal API. “Second Party" will arrange his / her own water and electricity for construction purposes. In case of withdrawal from the deal and cancellation of the unit offered to Second Party, an amount of 20% of the total cost including the cost of site development charges shall be forfeited by Ansal API. ‘The Second Party cannot sell / transfer its rights in the FSI, either in full or part, to any third party without the prior written consent of the First Party to which the First Parly at its sole discretion may allow or deny such transfer, In case First Party allows such transfer then it will charge the administrative charges for the same a O KD, HFRAVENTURES PRIVEE ‘Wi Ss eahas Rael ee{(w) In case Second Party is a Pvt. Ltd. Company or a Company, any change in the share holding pattern ‘shall also be deemed as transfer and Second Party shall pay the administrative charges to the First Party as applicable (6) Second Party will take all necessary approvals from all concerned departments and will keep M/s Ansal ‘API indemnified of all responsibilities as lald down in the statute, {y) Second Party shall be required to submit the following certificates at proper stage to our Project Department on the site to their satisfaction on the formats as enclosed:- a. Certificate for Structural Design Sufficiency (Format — A1) 'b. Certificate for Supervision of workmanship and raw material used (Format ~ A2). «. Certificate for execution of work as per structural safely requirements (Format ~ A3) 4, Certificate for completion of construction work as per BIS Codes (Format ~ Ad). (2) If any modified or additional certificates are required at any stage by the Govt. authorties and / or by the First Party, the same shall be provided by the Second Party. ‘The Power and Service connestion to the building of FSI Purchasers / Developers (Second Party) will be allowed only after getting these certificates signed In the prescribed formats provided at the time of taking provisional possession for construction or as prescribed by the Project Depit. from time to time, For Ansal Propertios & Infrastructure Ltd. For K, D. Infraventures Pvt. Ltd. JUSS (caves La 8 Authorised Signatory Witness: fant panisnes Hnstea feat Jos MRE imn Forwar AX | FORM FOR CERTIFICATE DOR, STRUCTURAL DESIGN eumrerbatey . : i \ win vespeot to the bulding work of eretion. of building No. ie fo vee nonin = Plot No: geben Colony/street otal nama! veenedvee we certify that tho'structural plans ay tho atta ately eegirements for elt Road... based! a which ex Jecrition will take plage sal and the Nedge and situations inclading nataral disasters, as ‘applicable, ‘ag stipulated under Part Structural Design of the National ‘Building Code of India and other relevant Code information giver therein 1s faciually correct to the best of aur no onderstanding | : Signature’of the | Reonisieroll Ungineers!* ; oo Structural Bnginger with © | Date and yegistration: No. | ot inmies ecsessee ‘ i Adhd yeast oeForman Ai a sane FORM TOR SUPERY) ston i : l “Thereby certify that the development, erreetion of butting the. anil Plat No}. a OF Hlony/streot ‘carried out ve vs. shall be vector any supervision and T cette ll the ‘manterials (type and igrado) and the wnrtemanslip af the work stiall be generally in acgordance ‘with the relovan} clauses of SalohallivBaear/Rond Soca CitYore ects NB. a oe can whl arto ben ested thet te prk shall be virried ont nocording to the ganetfoned plang: © 7 a oy Ly ’ Signature of the “ evel “Avchitect/Bngineor/Stnrctural Engines ; | Mame nf Architect/Enginest/Striefural Engineer (in block Ietlers) Regn. No. of Architect/Bngineer/structaral angineer 1 Address of Archiieet/Fnghneer/Strictural eas Tinginesr Date: «” With respect Lessecsseoeen fin.” Plot, . Now a . _Vfohalia/Bazar/Rond 4) that the building hha beer eoitstructed necording to the sat ‘oF siruotural safely as-speoitied in Part 6 maintained, Any sybsequent changes from the completion drawings.ahafl be the respons} ‘owner. Signature of tke owner, = swith dale ~ - Names .. Aditress to the bailing work of efreeston of bullding Noi aupervision and guidance ‘and records of anpertsio EE Signatuve.of the Tegisterd Hengliveer’sh Structural Kmghiees with | ‘Pate and registration No. YORI ROR CERTICATE TOR IEXBCUTION OF WORK AS PER STRUCTURAL SAPRTY REQUIREMENTS, sloned. plan antl structural vom Cone set of drawings ps executed enclovedl, ‘which incorpotates the “Guivétinral Design’ of the National Building ‘Code af India nnd other relevant Codes; and 1) thatthe construction hs een done ander on" To the dimuligs and spesifications submitted senses OF llony/strest provisions iid adheres have been puny of tieFontan = AMP orm tn COMPLETION CERTIFICATE: that the development erreation oF building No. onlin PIgt No.sircssters : " MohelbalBezar/itoad Fas hoes mugervised by me ane ia bee ‘eomplesdd 01 + Tinoco ‘plans sanctioned, vide Ne. soe diated cesses 6 heen completed fo my beat gatiatiction, the, worknpanstiP fond all the fates grade) have been used atrlotly in accordance with BLS. Codes. No provi Atte. no requisitions made, conditions resorbed ot orders tssued hers ne transgressed in the cowise of the ‘work, ‘Tho land is fit for ‘onstruction, for Fmafevaloned oF refeveloped, ot the Paiding is fi, for use for whieh Her reserreted oF altered, constructed ‘and entered; { horeby certify the. . Threraby aise enclosed the silan of the ‘puilding:completedl In all aspects. | Signature of the i i Anahitect/Gngineed/Strckaral Baginest : | \ oo Name of Arehiteot/Finghiecn/Stuctienl + Pngineer . (Ii block letters) Regi. No. of Arobitect/Fnghneer/Steweliral ‘Engineer Adldrese off “Architoct/EngineerSiuctire Engineer 7 fonylstieet fing to the ‘the work has ie ype and = lions of the J-have been nto it has, it ina bec