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Imfd Arts International - A Shamron Company (General)

by shreeram zaveri @, ahmedabad, mumbai jogeshwari(west), Sunday, October 14, 2012, 12:49 PM (4239 days ago) @ Imfd Arts Internatioal

ANNEXURE 1. 1. The Party of the First Part (Buyer) will show fund proof of Rs. 50crores INR in his own bank to the satisfaction to the party of the SECOND PART {SELLER} after doing a transaction of Rs. 50,000/- from the same account BY THE AUTHORISED PERSON ACCOUNT HOLDER NAME___________BANK NAME ____________ BRANCH_________ PLACE___________ DATE_______ TIME_____________.

2. The BUYER will place Rs. 05 Lakhs as penalty amount in cash at the time of execution after the MOU with his REPRESENTATIVE signing this MOU and he will be responsible for the penalty amount on behalf of the BUYER.

3. The Party of the First Part {BUYER} after showing fund proof will check the article as per mentioned in ANNEXURE 2.

4. The BUYER after inspection of the article and after being satisfied as per mentioned in ANNEXURE 2, will then immediately forward a sum of Rs. 50 crores as a token amount to the seller and Rs.50 crores to the MEDIATORS on the same day. The token amount given to the mediators will be divided into two parts i.e. seller side and buyer side. The mediators will be given their share by the Main mediators of both the side respectively and solely decided by the main mediator of their respected group.

5. If the BUYER PARTY fails to show the fund proof or the other mentioned commitments will then his REPRESNTATIVE will immediately pay the penalty amount of Rs. 05 Lakhs only to the SELLER.

6. If the BUYER PARTY fails to make the payments or purchase the material or his scientist/metallurgist/ tester/checker is not present with his companies identity proof and if scientist/metallurgist/ tester/checker fails to fill up the form duly presented by the seller to be filled in after showing the fund proof to the seller than the BUYER party is liable to pay a penalty of Rs. 50 (fifty) crores.

6(a). The seller has to give his form and material ownership documents 7 days before final Movement for all legal approval.

7. Out of the penalty amounts of Rs. 50 crores, 50% will be divided between two mediator groups equally i.e. 25% seller’s mediators and 25% to the buyer’s mediators. ANNEXURE 2. 1. The Documents related to the R.P. material must be shown after the fund proof confirmation to the BUYER.

2. The R.P. material must be shown after the verification of the documents within ______ hours of time by the seller to the buyer at the place mentioned by the buyer and should have all functions as mentioned bellow…… Material - A Copper vessel

Weight – 10kg 80 grams

M to R - 30 inches approximately

M to R TIME - 2(two) minutes time

Copper wire to Rice - 30 inches approximately

COPPER WIRE to RICE TIME - 2(two) minutes time

R to R - 15 inches approximately

R TO R TIME - 2 (two) minutes time

TORCH Test Distance - 8 feet approximately

TORCH TIME - 1 (one) minute.

Colour of Pulled Rice - Brown

State of Pulled Rice - Become powder/dust when squeezed.

Total process - 2 (two) minutes approximately (Pulling, Colour change and lastly converted into powder/dust) Material will washed by Bisleri and Eno before testing. All tests will be conducted in the presence of two representatives. The BUYER after inspection of the article and after being satisfied as per mentioned in ANNEXURE 2, will then immediately forward a sum of Rs. 50 crores as a token amount to the seller and Rs. 50 crores to the MEDIATORS on the same day. The token amount given to the mediators will be divided into two parts i.e. seller side and buyer side. The mediators will be given their share by the Main mediators of both the side respectively and solely decided by the main mediator of their respected group.

THE COST OF THE MATERIAL AS AGREED BY BOTH THE PARTIES IS Rs. _____________ CRORES TAX PAID NET AMOUNT PER INCH R to R i.e. SELLER Rs. _________ CRORES PER INCH R to R.

SELLERS MEDIATORS Rs. _________ CRORES PER INCH R to R.

BUYERS MEDIATORS Rs. _________ CRORES PER INCH R to R.

THE BUYER WILL CLEAR ALL THE PAYMENTS WITHIN ___________ WORKING DAYS ALONGWITH RBI ACOUNT OPERATABLE CERTIFICATE. AND ALL NECESSARY CERTIFICATES REQUIRED FROM ALL THE GOVERNMENT DEPARTMENTS.

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