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AGREEMENT FOR LOAN RAISING ARRANGMENT

This agreement is made as on 15
th
of March 2014 for the purpose of Loan raising arrangement
BETWEEN
National marketing Corporation having its head office at FF-106/T2A, Natraj Enclave, RBG Complex,
Karelibaug, Vadodara-39006 hereinafter called Party of the First Part
AND
Tirupathi Enterprise having its office at_____________, Ahmedabad which is proprietary concern of
Nareshbhai Purshottambhai Chavada, hereinafter called party of the Second Part.
1. Whereas details of the PAN of both the parties are as under:
Party of the First Part is holding PAN AADFN4200G
Party of the Second Part is holding PAN AMGPC7088L (Passport no. of Proprietor-K42/36095)
2. Whereas both the parties agree to enter in to loan raising arrangement for the same subject and
in the same sense subject to following conditions:
a. Whereas Party of the second part is agree to raise Loan of Rs.2.75 Crores (Rupees Two
crores and seventy five lakhs) for the Party of the first part for the purpose of expansion
of the business party of the first part.
b. Whereas Party of the First part is paid Rs.5 Lakhs as non refundable Processing fees in
favour of Party of the Second part, for raising abovementioned loan, by cheque no.
161923, dated 15-03-2014, drawn on Union Bank of India, City branch, MG road,
Vadodara.
c. Whereas Party of second part is issued post dated cheque for Rs.5 Lakhs in favour of
party of the First part as Security of its abovementioned processing fees paid, by cheque
no. 254227, dated 10-05-2014, drawn on Bank of India, ITCRI-SME Branch, Ahmedabad.
d. Whereas party of the second part assures party of the first part that if in any case he
fails to raise abovementioned loan, party of the first part shall recover the
abovementioned processing fees paid by encashing cheque issued by party of the
second part.
e. Whereas party of the first part assures that if party of the second part raise the
abovementioned loan, it will return the cheque issued by party of the second part as
security.
f. Whereas conditions and utilization of loan shall be governed by separate agreement and
shall not be in conflict with this agreement.
g. Whereas party of the second part is not liable for failure to perform the any obligations
under this agreement if such failure is as a result of Acts of God (including fire, flood,
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earthquake, storm, hurricane or other natural disaster), war, invasion, act of foreign
enemies, hostilities (regardless of whether war is declared), civil war, rebellion,
revolution, insurrection, military or usurped power or confiscation, terrorist activities,
nationalisation, government sanction, blockage, embargo or interruption or failure of
electricity or telephone service.
h. In the event of any dispute or difference between the parties hereto arising out of, from
or relating to anything contained in this agreement, the parties shall attempt to
amicably resolve such disputes. If the dispute cannot be settled within 30 (Thirty) days
by mutual discussion, the parties shall refer such dispute to the arbitration of a Sole
Arbitrator, to be conducted in accordance with the Arbitration and Conciliation Act,
1996 or any statutory modification or re enactment thereof for the time being in force.
i. Subject to provisions of clause hereinabove, if any dispute arises between the parties
then the Civil and Session Court at Ahmedabad shall have the exclusive jurisdiction to
decide the same.
j. Whereas both the parties are agreed on the terms and conditions mentioned
hereinabove.

IN WITNESS WHEREOF, the parties have executed this Agreement effective the date first stated above.
For & On behalf of Party of the First Part


(_______________________)
For & On behalf of Party of the Second Part


(_______________________)
Witnesses:
1._________________________________

2._________________________________