AGREEMENT OF SALE

This AGREEMENT OF SALE is made and executed on this the ________ September,
2016 at Hyderabad by and between:-

1. Mr.Uppunuthala Bhanu Prabhat Goud, S/o.Prabhakar Goud Aged about: 30

years, Occ: Business, Resident of H.no.6-1-284/1,Padmarao Nagar,Hyderabad.

2. Mr.Arvapalli Purushotham, S/o.Mr.Narsimhulu Aged about: 60 years, Occ:

Business, Resident of H.No.2-8-101,Weekly Bazar,Nizamabad Dist,Telangana State.

3. Mr.Bachu Purushotham, S/o. Mr.Ganga Rao Aged about: 50 years Occ:

Business, Resident of H.No.6-2-39,Subhash Nagar,Nizamabad Dist,Telangana State.

(Hereinafter called the “VENDORS/party of the First Part” which terms shall mean
and include all her heirs, executors, administrators, legal representatives and
assignees etc).

IN FAVOUR OF

1. Mr.Maryala Ramesh, S/o.Late Vaikuntam Aged about: 47 years,Occ: Business,

Resident of House No.1-5-1015/87, Manjeera Colony, Old Alwal, Alwal GHMC Circle.
2. Mr.D.Mahender Reddy, S/o.Mr.Gopal Reddy Aged about: 49 years, Occ._____,
Resident of House No.1-5-1015/115, Manjeera Colony, Old Alwal, Alwal GHMC
Circle.
(Hereinafter called the “VENDEE’S/party of the second part/purchasers” which terms
shall mean and include all his heirs, executors, administrators, legal representatives
and assignees etc).

HISTORY:
Part-A
Whereas, the Vendor number.1 of the First Party is the sole and absolute owners and
possessor of the land admeasuring Ac.1-18 gts in Sy.Nos.254/A/2 having purchased
the same by virtue of Registered sale deed document No.2058 of 2007 dated
03.09.2007 executed by Mr.Bussa Kasinath on 03.09.2007 and registered with Joint
Sub Registrar,Cheryal on 07.09.2007 and the said Mr.Bussa Kasinath in turn
purchased the same vide Registered Sale Deed bearing document No.1333 of 2006.
“Hereinafter called the part of Schedule of Property - I”.

And whereas Vendor number.1 of the First Party is also owner and possessor of the
extent of Ac.10-04 gts in Sy.Nos.252/A & 253/A having purchased under a
Registered Sale Deed bearing document No. 2057 of 2007 dated 03.09.2007
executed by Mr.Bussa Kasinath being the Agreement of Sale cum General Power of
Attorney holder of Mr.Koyyam Prameela Mr.Bussa Kasinath on 03.09.2007 and
registered with Joint Sub Registrar,Cheryal on 07.09.2007 “Hereinafter called the
part of Schedule of Property - I”.

Whereas, the Vendor number.1 of the First Party is also owner and possessor of the
land admeasuring Ac.1-06 gts in Sy.Nos.253/B/1, Ac.1-30 gts in Sy.Nos.253/C/2,
Ac.0-35 gts in Sy.No.253/C/4, Ac.0-24 gts in Sy.No.253/B/4, Ac.0-35 gts in
Sy.No.253/C4/1, Ac.0-24 gts in Sy.No.253/B4/1 and Ac.4-20 gts in Sy.No.254/C
totally admeasuring Ac.10-14 gts having purchased the same by virtue of
Registered sale deed document No.2060 of 2007 dated 03.09.2007 executed by
Mr.Bussa Kasinath being the Agreement of Sale cum General Power of Attorney
holder of Mr.Kayyam Ram Reddy, Mr.Kayyam Malla Reddy, Mr.Kayyam Peddi Malla
Reddy and Mr.Kayyam Kanaka Reddy (Vide Registered General Power of Attorney
bearing No.373 of 2007) “Hereinafter called the part of Schedule of Property - I”.

Whereas, the Vendor number.1 of the First Party is also owner and possessor of the
land admeasuring Ac.1-00 gts in Sy.Nos.252/B4 and Ac.1-06 gts in Sy.Nos.253/B1
totally admeasuring Ac.02-06 gts having purchased the same by virtue of
Registered sale deed document No.2064 of 2007 dated 03.09.2007 executed by
Mr.Anaji Satish being the Agreement of Sale cum General Power of Attorney holder
of Mr.M.Kanakayya and Mr.Kayyam Ram Reddy (Vide Registered General Power of
Attorney bearing No.1933 of 2007) “Hereinafter called the part of Schedule of
Property - I”.

And whereas the property also stands mutated in the name of the Mr.Uppunuthala
Bhanu Prabhat Goud (party no.1 of the first party ) in Revenue Records as owner
/pattadar and issued Pass book vide patta No.556 of Pass Book No.029522 issued
by Tahasildar,Cheryal Mandal.

Part-B

Whereas, the Vendor No.2 of the First Party is the sole and absolute, owner &
possessor of the land admeasuring Ac.0-16.5 gts in Sy.Nos.107/A/4 and Ac.0-33.5
gts in Sy.Nos.107/B/3, Ac.0-11 gts in Sy.No.108/A/4 and Ac.0-22.5 gts in
Sy.Nos.108/C/3 totally admeasuring Ac.2-03.5 gts having purchased the same by
virtue of Registered sale deed document No.2059 of 2007 dated 03.09.2007
executed by Mr.Busa Kasinath being the Agreement of Sale cum General Power of
Attorney holder of Mr.Kayyam Kista Reddy (Vide Registered General Power of
Attorney bearing No.607 of 2006) “Hereinafter called the part of Schedule of
Property - II”.

Whereas, the Vendor number.2 of the First Party is the sole and absolute, owner and
possessor of the land admeasuring Ac.0-33 gts in Sy.Nos.107/A, Ac.1-27 gts in
Sy.Nos.107/B/3, Ac.0-22 gts in Sy.No.108/A/4 and Ac.1-05 gts in Sy.Nos.108/C/3
totally admeasuring Ac.04-07 gts having purchased the same by virtue of Registered
sale deed document No.2062 of 2007 dated 03.09.2007 executed by Mr.Jilla Srinivas
being the Agreement of Sale cum General Power of Attorney holder of Mr.Kayyam
Ram Reddy (Vide Registered General Power of Attorney bearing No.372 of 2006)
“Hereinafter called the part of Schedule of Property - II”.

Whereas, the Vendor number.2 of the First Party is the sole and absolute, owner and
possessor of the land admeasuring Ac.0-17 gts in Sy.Nos. 107/A/5, Ac.0-33 gts in
Sy.Nos.107/B/4, Ac.0-11 gts in Sy.No.108/A/5 and Ac.0-22 gts in Sy.Nos.108/C/4
totally admeasuring Ac.02-03 gts having purchased the same by virtue of Registered
sale deed document No.2063 of 2007 dated 03.09.2007 executed by Mr.Anaji Satish
being the Agreement of Sale cum General Power of Attorney holder of Mr.Kayyam
Malla Reddy (Vide Registered General Power of Attorney bearing No.1310 of 2006)
“Hereinafter called the part of Schedule of Property - II”.

And whereas the property also stands mutated in the name of the Mr.Arvapalli
Purushotham (party no.2 of the first party ) in Revenue Records as owner /pattadar
and issued Pass book vide patta No.974 of Pass Book No.052367 issued by
Tahasildar, Cheryal Mandal.

Part-C:
Whereas, the Vendor No.3 of the First Party by name Mr.Bachu Purushotham is the
sole and absolute owner and possessor of the land admeasuring Ac.1-07 gts in
Sy.Nos. 253/B/3, Ac.0-35 gts in Sy.Nos.253/C/1, Ac.1-07 gts in Sy.No.253/B/2,
Ac.0-33 gts in Sy.No.253/C/3 and Ac.0-35 gts in Sy.Nos.253/C/1 totally
admeasuring Ac.4-37 gts having purchased the same by virtue of Registered sale
deed document No.2061 of 2007 dated 03.09.2007 executed by Mr.Jilla Srinivas
being the Agreement of Sale cum General Power of Attorney holder of Mr.Kayyam
Kista Reddy, Mrs.Kayyam Sattamma and Mrs.Kayyam Sulochana (Vide Registered
General Power of Attorney bearing No.374 of 2006) “Hereinafter called the of the
Schedule of Property - III”.

And whereas the property also stands mutated in the name of the Mr.Bachu
Purushotham (party no.3 of the first party) in Revenue Records as owner /pattadar
and issued Pass book vide patta No.555 of Pass Book No.029523 issued by
Tahasildar, Cheryal Mandal.

That the Vendors of the Party no.1 to Party no.3 of First party / Vendors herein being
the owners/land lords and possessor of the Schedule I,II & III of the properties
(detailed description given in the schedule of properties) totally admeasuring 37
Acre 12.5 guntas in survey no .252/B4,253/B1 ,254/A2,252/A ,253/A ,107/A/4 ,
107/B/5,108/A/4 ,108/C/3,107/A ,107/B/3,108/A/4 ,108/C/3 ,107/A/5 ,107/B/4 ,
108/A/5 ,108/C/4,253/B/3,253/B/1,253/B/2,253/C/3 & 253/C/1 have jointly offered
to sell the above said properties @ Rs.6,55,000/-(sixty Lakhs Fifty five thousand
only) per Acre and the Total sale consideration which comes Rs.2,44,39,688/-
(Rupees Two Crores Forty Fore Lakhs thirty nine thousand Six hundred Eighty Eight
Only) and the vendees hereby agreed to purchase the same for the said
consideration on the following terms and conditions.

NOW THIS AGREEMENT OF SALE WITNESSESTH AS UNDER

That in pursuance of the agreement of sale and total sale consideration of Rs.
2,44,39,688/- (Rupees Two Crores Forty Fore Lakhs thirty nine thousand Six
hundred Eighty Eight Only)out of which the Vendee/second party/purchasers is
already paid an advance amount of Rs.65,00,000/- (Rupees Sixty Five Lakh
Only) to the Party no.1 to Party no.3 of First party of the Vendors towards part of
sale consideration; and the receipt of which the Vendors hereby admit and
acknowledge the same and confirm. and declare that they are the sole and absolute
owner of the properties mentioned herein under (Detailed Description given in the
Schedule of properties) hereby agreed to be sold and no person or persons shall not
have any manner right, interest over the same and the Vendors of the party no 1 to
3 of the First party have full authority to convert the same.

That the Vendee’s/purchasers have this day on the execution of this agreement
confirmed that they have paid to the Vendors above mentioned sum of
Rs.65,00,000/- (Rupees Sixty Five Lakh Only) which constitutes the consideration
of this agreement . It is hereby agreed that the Vendee’s/purchasers shall pay an
amount of Rs.60,00,000/- (Rupees Sixty Lakh Only) by the end of November and
the balance amount of Rupees .1,19,39,688/- (Rupees One Crore Nineteen Lakhs
Thirty Nine thousand Six Hundred Eighty Eight Only) by the end of January 2017 or
at the time of registration of the Sale Deed whichever is early but subject to the
Terms & conditions mutually agreed upon & recited hereinafter and the Vendors have
agreed and accepted for the same .

That the Party no.1 to Party no.3 of First party / VENDORS in case not stick to the
terms as mentioned below, the Amount given in the form of Advance will be
refunded to the vendees by the Party no.1 to Party no.3 of First party / VENDORS.

1. That the Party no.1 to Party no.3 of First party / VENDORS hereby indemnify the
Vendee against all losses or consequences that if the Vendee may sustain pay or
incur due to any reason whatsoever in the That the Party no.1 to Party no.3 of First
party / VENDORS title in respect of the said property hereby agreed to be sold.

2. That the Party no.1 to Party no.3 of First party / VENDORS hereby declares that
the properties mentioned under the Schedules mentioned herein under are free from
all kind of encumbrances, such as prior sale, gift, mortgage, disputes, litigation,
acquisition, attachment in the decree of any court, lien, court injunction, Will, Trust,
Exchange, Lease, legal flaws, claims, prior Agreement to Sell, and it is not subject to
any court litigation and not subject matter of any HUF and in the event of any taxes
or any other dues found in respect of the said property the Vendors are entitled to
pay all the dues in respect of the said property.

3. That the Party no.1 to Party no.3 of First party / VENDORS herein declares that he
has not availed any Crop/Agricultural loans from any Co-operative Banks or from any
Government or Private Departments and there does not exists any impediments over
schedule property.

4. That the Party no.1 to Party no.3 of First party / VENDORS declares that that the
Schedule properties are not assigned land with the meaning of Act IX of 1977.

5. That the Party no.1 to Party no.3 of First party / VENDORS declares that that No
Protected Tenancy rights exist over the Schedule properties.
6. That the Party no.1 to Party no.3 of First party / VENDORS assures that, The
VENDEE/purchasers shall at its own cost be entitled to investigate title of the
vendors in respect of the said property. The VENDEES/purchasers will make a title
search in the Government records to verify the title of the VENDORS in respect of the
said Properties mentioned under the A,B & C Schedules. The VENDORS shall provide
full co-operation and assistance to the VENDEES/purchasers and, or its
advisors/agents/ representatives to carry out such investigation/title search. The
Seller shall provide all information and documents as are available with them and
requested by the VENDEES/purchasers or its advisors/ agents/representatives and if
it is ever proved otherwise, or if the whole or any portion of the said land is ever
taken away or goes out from the possession of the VENDEES on account of any legal
defect in the ownership and title of the VENDORS then the VENDORS will be liable
and responsible to make good the loss suffered by the VENDEES and keep the
VENDEES indemnified, saved and harmless against all such losses, costs, damages
and expenses accruing thereby to the VENDEEs.

7. That the Party no.1 to Party no.3 of First party / VENDORS declares that the land
Revenue and other dues and demands if any payable in respect of the said land shall
be paid by the VENDORs up to the date of registration of the said property in favour
of the Vendees or their nominees and thereafter the VENDEE will be responsible for
the payment of the same.

8. That the Party no.1 to Party no.3 of First party / VENDORS further declares that
they will do registration of the said property in favour of the Vendees or their
nominee/s after receiving the balance sale consideration from the Vendee’s herein.
and assure that they will not demand any further sale consideration at the time of
Registration. However the sale Transaction should be completed as on before
31.01.2017.

9. It is hereby agreed to between the parties that in case the time under this
Agreement of Sale is to be extended beyond the period as mentioned in clause “8”
then the same shall be done so by mutual consent and reduced to writing and
executed by both the Vendors/First Party and the Vendees/purchasers/Second party.

10. It is also agreed that the actual areas will be arrived only after physical
measurements and any surplus / deficit in the area/s mentioned in this agreement
will be finalized on or before the end of the November 2016 and the second part of
Payment of Rs.60,00,000/-(Rs.Sixty lakhs only) will be paid only after the physical
measurement of the land together with Mets & Bound.

11. It is hereby agreed to between the parties that, Total sale consideration will be
calculated based on the actual available areas/extent of the land and the Sale
consideration will be adjusted according to the Physical Area (i.e., Actual available
Land).

12. It is hereby agreed between the parties that in the event of the owners not
coming forward to register the sale deed in favour of the
Vendees/purchasers/Second party , for any reason what so ever refuse to register
the property within the period stipulated, even though the purchaser is ready and
willing to pay the balance sale consideration, the Vendees/purchasers/Second party
shall have a right to specifically enforce the contract through legal process and
recover the entire sale consideration Amount together with interest Amount from the
owners through a court of law holding the Vendor/First party responsible for all cost
and consequences.

13. That the Party no.1 to Party no.3 of First party / VENDORS further declares
that they will cooperate with the Vendees for the purpose of doing registration and
for the purpose of mutation of the said property in favour of the Vendees or their
nominees in the concerned authority as the owner of the said property.

14. Nothing in this agreement, however expressed, may be interpreted in any

manner that may be termed unjust in common parlance to either of the parties
hereto. And disputes, if any, arising on account of the interpretations will be resolved
by a mutually selected arbitrator whose decision will be final and binding on both the
parties hereto.

Total Description of the Property ( I + II + III)

All that the Agricultural land totally admeasuring totally admeasuring 37 Acre 12.5
guntas in survey no.252/B4,253/B1,254/A2,252/A,253/A,107/A/4,107/B/5,108/A/4 ,
108/C/3,107/A,107/B/3,108/A/4,108/C/3,107/A/5,107/B/4,108/A/5,108/C/4,253/B/
3,253/B/1,253/B/2,253/C/3 & 253/C/1, situated at Gourayapally Village & Gram
Panchayat, Cheryala Mandal, Warangal District and boundaries for the entire
property:

North :
South :
East :
West :

SCHEDULE OF PROPERTY – I
(To be sold by U.Bhanu Prathap Prathap )
All that the Agricultural land totally admeasuring 24 acre 02 guntas acre in survey
no.252/B4,253/B1,254/A2,252/A , 253/A,253/B/1,253/C/2, ,253/C/4, Ac.0-24
gts in ,253/B/4,253/C4/1,253/B4/1 & 254/C situated at Gourayapally Village &
Gram Panchayat,Cheryala Mandal,Warangal District and Bounded
as :---------------

North :
South :
East :
West :

SCHEDULE OF PROPERTY – II
(To be sold by Arvapally Purushotham )

All that the Agricultural land totally admeasuring 8 acre 13.5 guntas acre in survey
no.107/A/4,107/B/5,108/A/4,108/C/3,107/A,107/B/3,108/A/4,108/C/3,107/A/5
, 107/B/4,108/A/5,108/C/4situated at Gourayapally Village & Gram Panchayat ,
Cheryala Mandal,Warangal District and Bounded as :---------------
North :
South :
East :
West :

SCHEDULE OF PROPERTY – III

(To be sold by Bachu Purushotham )

All that the Agricultural land totally admeasuring 4 acre 37 guntas acre in survey no.
253/B/3,253/B/1,253/B/2,253/C/3 & 253/C/1b situated at Gourayapally Village
& Gram Panchayat,Cheryala Mandal,Warangal District and Bounded
as :---------------

North :
South :
East :
West :

This Agreement of Sale has been red over to the parties hereto in their vernacular
language and after fully understanding the contents of the same, they put their
respective hands on this Agreement with their own freewill and consent without any
force or coercion from any one on this the day, month and year as mentioned above
in the presence of the following witness.
WITNESSES:-

VENDORS SIGNATURE/FIRST PARTY

1.
1.

2.

3.

2. VENDEES/SECOND PARTY SIGNATURE

1.

2.