DEED OF CANCELLATION ‘THIS DEED OF CANCELLATION EXECUTED BETWEEN REAL VALUE PROMOTERS [P] LIMITED [PAN: AAACR4487K] a private limited company, incorporated under The Companies Act, 1956 having its registered office at No.17/1, Poes Road Il Street, Teynampet, Chennai - 600 018, represented herein by its Authorized Signatory, Mr.KOLAPPAN THANU ACHARI, son of Mr-Thanu Achari, aged about 61 years, hereinafter referred to as "FIRST PARTY" which term shall unless repugnant to or inconsistent to the context shall mean and include the FIRST PARTY's successors-in-interest and assigns of the ONE PART; AND MrSHANKAR GURUSWAMY [PAN:AJAPG9987H] aged about 33 years, son of Mr.B.Guruswamy, permanent address at NoM.1/7, Tamil Nadu Apartments, Sowdeswari Colony, Selvapuram, For Real Value Promoters Private Limited Authorised Signatory FIRST PARTY SECOND PARTYCoimbatore ~ 641026, hereinafter referred to as the "SECOND PARTY", which term shall unless repugnant to or inconsistent to the context shall mean and include his respective heirs, executors, legal representatives, administrators and assigns ofthe OTHER PART; WITNESSETH AS FOLLOWS: WHEREAS 1 (One M/s.ABC (India) International ["LAND OWNER"] is the absolute owner of the lands ‘measuring 1 acre 9 cents in S.No.243/3E1, 96 cents in S.No.243/3E2, 5 acres 95 cents in SNo.243/3F1A and 50 cents in S.No.252/1, in all totaling to an extent of 8 acres 50 cents, herein after referred to asthe Sad Lands; The FIRST PARTY is in the process of developing the Said Lands into residential apartment complex then known as "PADMALAYA" now known as “PADMASRI ‘The SECOND PARTY had eatlier desired to purchase an apartment in the Project {which apartment has been more particularly described in the Schedule - C written hereunder, hereinafter referred to as the SCHEDULE PROPERTY] and therefore, the SECOND PARTY hhad entered into a construction agreement dated 29.09.2013 ["SAID AGREEMENT"] with the FIRST PARTY in this regard; ‘The SECOND PARTY has requested the FIRST PARTY to cancel the Said Agreement and. refund a sum of Rs.19,86,192/- [‘Cancellation Amount} pald by him and the FIRST PARTY has also agreed to cancel the SAID AGREEMENT; ‘The FIRST PARTY cannot refund the cancellation amount to the SECOND PARTY and has offered Plot No.27, measuring 1800 Square Feet, situate at Appur Village towards part repayment. The SECOND PARTY has agreed to the same subject to the terms & conditions being these presents; ‘NOW THEREFORE THIS DEED OF CANCELLATION WITNESSETH AS FOLLOWS: ‘The parties hereby cancel the SAID AGREEMENT with immediate effect. ‘The SECOND PARTY has paid a sum of Rs.19,86,192/- ( Rupees Nineteen Lakhs Eighty Six ‘Thousand One Hundred and Ninety Two only) to the FIRST PARTY under the SAID AGREEMENT to acquire the SCHEDULE “C’ PROPERTY. The FIRST PARTY had executed a Sale Deed dated 13.12.2013, registered as document No17813 of 2013 at the SRO, ‘Thirupporur in respect of 293 Sq. Ft. undivided share in the SCHEDULE A PROPERTY in favour of the SECOND PARTY [morefully described in the SCHEDULE B herein and hereinafter referred to as the SCHEDULE "B" PROPERTY] for a sale consideration of Rs5,96,000/- (Rupees Five Lakh Fighty Six Thousand only). The parties have this day cancelled the above mentioned Sale Deed by a Deed of Cancellation dated _, registered asdocument No,__at the SRO, Thirupporur; [As per clause Nos of the SAID AGREEMENT in the event of cancelation, the consideration amount received by the FIRST PARTY from the SECOND PARTY shall be refunded without any interest after re-sale ofthe SCHEDULE "C” PROPERTY to a third party; However, the FIRST PARTY has offered Plot No27, measuring 1800 Square Feet, situate at Appur Village towards part repayment being a sum of Rs.18,00,000/- (Rupees Eighteen Lakhs only) to the SECOND PARTY and the SECOND PARTY hereby acknowledges the receipt For Real Value Promoters Private Limited Authorised Signatory FIRST PARTY SECOND PARTY‘SCHEDULE-A (Description ofthe Total Land) “All that piece and parcel of vacant lands measuring 1 acre 9 cents in SNo.243/3E1, 96 cents in S.No243/3E2, 5 acres 95 cents in S.No.243/3FIA and $0 cents in SNo252/1, in all totaling to an extent of 8 acres 50 cents oF 3,69,606 Sq.Ft, in which 36,960.60 Sq.Ft, of land has been gifted to local body Pudupakkam Panchayat and remains an extent of 3;32,645.40 Sqft, thereabouts, situated at Pudupakkam Village, then Chengalpattu Taluk, now Thiruporur Taluk, Kancheepuram District, Tamil ‘Nadu and situate in the Sub-Registration District of Thiruporur, in the Registration District of CChengalpattu’ SCHEDULE-B (Description of undivided share of land) "298 Sq fe undivided share of land in the SCHEDULE "A’ PROPERTY" IN WITNESS WHEREOF THE PARTIES HAVE EXECUTED THIS DEED [IN DUPLICATE] AT CHENNAL ONTHIS___DAY OF __ 2017. For Real Value Promoters Private Limited ‘Authorised Signatory FIRST PARTY SECOND PARTY For Real Value Promoters Private Limited Authorised Signatory FIRST PARTY ‘SECOND PARTY