Tripartite Agreement

THIS AGREEMENT is executed on this 15th day of April, Two Thousand Fifteen at
Bangalore

BY and Between

Mr. XXXXX( Buyer Name) S/o Mr. XXXXX N & Mrs. XXXX(Buyer Name) BM W/o
Mr. XXXX Both XXXXXXXXXX hereinafter referred to as the ‘Borrower (s)’, which term
shall unless repugnant to the context shall mean and include his/her heirs, representatives,
successors, executors, attorneys, administrators and assigns, of the party at the ‘First Part’.

AND

M/s. XXXXX(Builder Name), a company incorporated under the provisions of the

Companies Act 1956, having its corporate office at XXXXX, Acting through its Authorized
representative, hereinafter referred to as the ‘Builder/Developer’, which term shall unless
repugnant to the context shall mean and include its representatives, successors, administrators
and assigns, of the party at the ‘Second Part’.

AND

Vijaya Bank, GeneXt1 Branch, Datta Arcade, 461/446/21, Outer Ring Road, Bellandur,
Bangalore 560103, hereinafter referred as the ‘Vijaya Bank’, which term shall unless
repugnant to the context shall mean and include its representatives, successors, administrators
and assigns, of the party at the ‘Third Part’.

Whereas ‘Builder’ has taken up construction of residential apartment known as XXXXX

bearing Survey No. XXXXX totally measuring XXXX Situated at XXXXX, Bangalore.
Whereas, the ‘Borrower’ is desirous of purchasing the property bearing Apartment no. XXX,
XXXX, situated in XXXX, Bangalore vide an Agreement to Sell and Construction
Agreement both dated XXXX.

Whereas, the Party at the First Part has approached the Party at the Third Part for availing a
Home Loan of Rs XXXX/- (XXXXX) to finance the purchase of the said flat / Apartment.
Besides other securities, the Party at the First Part has agreed to create the charge over the
said flat / Apartment along with the proportionate undivided share in the land in favour of the
Party at the Third Part. In the absence of proper Sale Deed in its favour, the Party at the First
Part is not in a position to create a valid mortgage over the said flat/ Apartment and
proportionate share of land in favour of the Party at the Third Part.

Whereas, the Party at the First Part has requested Vijaya Bank to disburse the said loan to the
Borrower(s), notwithstanding the fact that the Sale Deed is not executed in favour of the
Party at the First Part at this stage, and in consideration of the Vijaya Bank sanctioning the
loan to the Borrower(s), the Borrower(s) and the Builder/Developer have executed this
Agreement on the following terms and conditions.

Now therefore it is hereby agreed by and between the parties that:

1. The Builder shall not transfer the said flat/ Apartment bearing No. XXXXXX to any other
person without the prior written intimation to the Vijaya Bank.

2. The Builder/Developer agrees that it has no objection to the Borrower(s) mortgaging the
said Apartment/ flat with its proportionate share in land to the Vijaya Bank as security for the
said loan agreed to be advanced by the Vijaya Bank for the purpose of purchase/construction
of the said Apartment/ flat. In the event of default in the repayment of loan and/ or the
Borrower(s) committing any other default which makes the Borrower(s) liable for the
repayment of the entire amount outstanding in the said loan as per the terms of the Loan
Agreement executed between the Borrower(s) and the Vijaya Bank, the Builder shall at the
request of Vijaya Bank, be under obligation to not deliver possession to the Borrower and/or
to cancel the booking, provided such request is made by the Vijaya Bank before the
registration of the sale deed in favour of the Borrower, and pay all amounts received by the
Builder on behalf of the Borrower(s) to Vijaya Bank including also any amount paid by the
Borrower to the Builder, subject to the deduction of 20% (twenty percent) from the Sale
Consideration and any other dues as mentioned in the Agreement to Sell and Construction
Agreement Dated 3rd April 2013 Upon payment of the amounts by the Builder/Developer to
Vijaya Bank as aforesaid, the Vijaya Bank and the Borrower will not have any claim, charge,
lien, mortgage, right, title and interest etc. whatsoever, over the said Apartment/ flat. Vijaya
Bank shall issue a certificate to release any mortgage/charge/lien created on the said
flat/Apartment. The Borrower hereby expressly agrees that in the event of default in either
repayment of the loan or any other default by the Borrower, Vijaya Bank shall be entitled to
request the Builder to cancel the booking and return the amounts received by the Builder and
the Borrower agrees and acknowledges that any such request by Vijaya Bank and payment
made by the Builder under this clause to Vijaya Bank shall be binding upon the Borrower.

3. That if for any reason there is any increase/escalation in the cost of the said Apartment/
flat, the increase shall be paid and borne by the Borrower(s) without any reference to the
Vijaya Bank and until such payment is made, the Vijaya Bank shall have the right to suspend
further disbursement of the said loan.

4. That in the event of the Builder cancelling the said booking for any default committed by
the Borrower(s) or the project is shelved by the Builder or for any other reason whatsoever,
the Builder shall pay the entire amount received on behalf of the Borrower(s) to the Vijaya
Bank, subject to the deduction of 20% (twenty percent) from the Sale Consideration and any
other dues as mentioned in the Agreement to Sell and Construction Agreement Dated XXXX

5. That on the receipt of the entire consideration amount, the Builder shall execute a proper
Sale Deed in favour of the Borrower. The Builder undertakes to deliver the same along with
original registration fee receipt directly to the Vijaya Bank and not to the Borrower(s),
provided that the representative of Vijaya Bank is personally present at the Office of the Sub
Registrar at the time of Registration. Before the execution of the Sale Deed, the Builder shall
inform the Vijaya Bank about the registration of the sale deed in advance, in writing,
regarding the time, date and venue of registration, so as to enable Vijaya Bank to send its
representatives to collect the Original Sale Deed.

6. That the builder agrees that the loan amount may be credited to the loan Account no.
XXXX with Vijaya Bank, Bellandur Branch, BANGALORE – 560103.
7. That the Borrower(s) shall keep informed the Vijaya Bank about the developments in the
project. The Borrower(s) shall notify the Vijaya Bank the date of taking over the possession
of the said Apartment/ Flat. In case the Borrower(s) comes into possession of the Sale Deed,
he/she shall immediately deliver the same to the Vijaya Bank.

8. That the Borrower(s) assures that he/she will not avail finance from any other Bank or
Financial Institution in respect of the aforesaid flat/Apartment and/or will not create further
mortgage/charge over the said flat/Apartment (allotted to the borrower) in any manner
whatsoever.

9. That the Borrower(s) shall pay all charges, duties, taxes in respect of the said Apartment/
flat imposed or payable to the Builder/Developer and/or to Corporation or any other
Government Department/Authority in respect of the said Apartment/flat and the Vijaya Bank
shall not be liable or responsible in any manner whatsoever or howsoever for the same.

10. That the Borrower(s) agrees and acknowledges to keep the Vijaya Bank indemnified
against any loss or damage incurred by it in the event of failure of the Borrower(s) to honour
or to meet any of its obligations under this Agreement in connection with the sanctioning of
the loan in respect of the said Apartment/flat.

11. That during the currency of the loan, the Borrower(s) shall not transfer the said
Apartment/flat to any other person, without the prior written consent of the Vijaya Bank. The
Builder/Developer shall not issue the duplicate allotment letter/possession letter to the
Borrower(s) without the prior written consent of the Vijaya Bank.

12. It is understood that the term ‘loan’ mentioned herein shall include interest, penal interest
and all other sums payable by the borrower(s) to the Vijaya Bank.

13. That in the event of any default by the Borrower(s), the Vijaya Bank may at its discretion
enforce the security by the sale of the Apartment and the Builder shall accept the Purchaser of
the said flat/ Apartment in place of the Borrower(s)., after the borrower(s) and new purchaser
fulfil the terms and conditions of Assignment clause mentioned in Agreement to Sell and
Construction Agreement dated XXXXX
14. That the Builder assures the Borrower(s) that the construction shall be completed as per
schedule and as per the sanctioned plans and on completion of construction, the title of the
flat/ Apartment with proportionate undivided share in the land shall be conveyed in the name
of the Borrower(s) as per the terms and conditions mentioned in the Agreement to Sell and
Construction Agreement dated XXXXX

15. That it is further made clear and understood by all the parties that the non-completion of
the project or the happening of any event shall not affect the obligations of the Borrower(s) to
repay the loan availed from Vijaya Bank.

16. That the said flat/Apartment is free from all encumbrances, charges, lien, attachment,
prior agreements, whatsoever or howsoever. The party at first part and second part will not do
any act or deed which will affect the security of the flat/Apartment or charge created in
favour of Vijaya Bank in any manner whatsoever, subject to the part at first part and third
part complying with the terms and conditions mentioned herein.

17. That there is no order of attachment by the Income Tax Authorities or any other authority
under any law for the time being in force nor any notice of acquisition or requisition has been
received in respect of the said property.

18. That this Agreement shall not affect in any manner whatsoever the duties and obligations
of the Borrower(s) and the terms and conditions agreed to by the Borrower(s) in the Loan
Agreement and other documents executed in favour of Vijaya Bank shall remain binding
upon the Borrower(s).

19. That in case of acquisition, forfeiture/resumption of the said property, Vijaya Bank shall
be entitled to get the compensation settled in respect of the said flat/Apartment, subject to the
part of the first part and third part having paid the entire consideration amount and other dues
to the Builder/Developer, and to appear and act before the Collector/Revenue Officer/Estate
Officer or any other concerned authorities, to sign any form, to give any statement, affidavit,
application on Borrower's behalf, to receive the compensation in its own name and on the
Borrower's behalf, to file appeal in any court for the enhancement of the compensation
amount, to get the compensation amount enhanced and to receive the same.
20. The responsibilities of the builders under this tripartite agreement will be extinguished
only after delivering the duly registered Sale Deed directly to the representative of the Bank
present in the office of Sub-Registrar and handing over the possession of the residential
Apartment bearing No. C1604 to the borrower(s) and thereafter the validity of the Tripartite
Agreement will come to an end, provided the part of the first part and third part having paid
the entire consideration amount and other dues to the Builder/Developer in accordance with
the terms and conditions mentioned in the Agreement to Sell and Construction Agreement
dated XXXX

In witness whereof the parties hereto have signed this Agreement on the day,
Month and year first herein above written.
Signed and delivered by the:

Named Borrower (s)

Mr. XXXXX &
Mrs. XXXXXX Signature of Borrower (s)

Authorized signatory of Builder

XXXXXX
XXXXXX Signature of Builder

Vijaya Bank,
Represented by its authorized official
(Branch Manager GeneXt1 Bellandur Branch)

Signature
Witness:
Name & Address

1. Shri/Smt/Ms
Signature
2. Shri/Smt/Ms
Signature