TRANSPORT SERVICE AGREEMENT

This Agreement for Transportation (“Agreement”) is entered om 10th day of May 2019 by and between:

HOLITECH INDIA PRIVATE LIMITED, a company incorporated and existing under the Companies Act, 1956, and
having its registered and principal place of business at ECOTECH 1 EXTENSION 1, PLOT NO 67, GREATER NOIDA,
GAUTAM BUDDH NAGAR, UTTAR PRADESH, (Hereinafter referred to as “Client” which expression shall unless it be
repugnant upon the context thereof include its successors and permitted assigns)

AND

SHRI HARI JI TRAVELS with its principal place of business located at Noida Dadri Road, Surajpur, Near Parichowk,
Greater Noida, Gautam Budh Nagar, U.P.- 201306 (hereinafter referred to as the “Service provider”).

(Service Provider and the Client are collectively referred as “Parties”)

AND WHEREAS, the Client is in the business of Manufacturing Electronic goods including but not limited to Display
module, Camera module, FPC, BR etc. at its various plants located in Greater Noida.

AND WHEREAS, the Service Provider is a company, engaged in the business of providing specific corporate services
to its customers for transportation.

AND WHEREAS, client is desirous of engaging the services of Service provider and service provider has agreed to
offer the services described herein to Client on the terms and conditions set out hereunder.
NOW IN CONSIDERATION OF THE PREMISES HEREINAFTER CONTAINED, IT IS HEREBY AGREED BETWEEN THE
PARTIES AS FOLLOWS:

1. TERM

This Agreement shall commence on the Effective Date and shall continue for a period of one year until
terminated under Article 5 hereof.

2. OBLIGATION OF THE CLIENT

2.1. The client will send a written communication to inform service provider regarding the no of buses
required and the routes to be followed. Client reserves the right to change the said routes at its will and
may use the same for intra state or interstate services as well.

2.2. The client will inform the Service Provider of any acts of misconduct by any of the Driver or Helper
immediately and discuss the action steps to be taken, however decision of the Client will be final in all
such cases.

2.3. The Client will request service provider for withdrawal of its driver and/or helper through its designated
personnel in case of misbehave, theft, fraud and acts that constitute moral turpitude. The Client will give
in writing the details of the theft, fraud etc. to Service Provider for necessary action. On receipt of such a
written request Service Provider will withdraw the Driver and Helper and will provide immediate
replacement for the same. In all other cases, the Client may request in writing to Service Provider for
withdrawal of the driver and/or helper due to any other unsatisfactory reason/ behavior without
providing any details and service provider will provide replacement for the same as per the agreement.

2.4. The Client will not assign work of a hazardous nature without prior intimation to Service Provider and
without provision of adequate personal protection/safety measures.

3. OBLIGATION OF THE SERVICE PROVIDER

3.1. Service provider undertakes to provide adequate number of buses for the transportation in stipulated and
agreed timelines as per the requirement given by the client pursuant to this agreement at and for the
location specified from time to time by the client, to the satisfaction, without in any manner adversely
affecting the quality of the services rendered by the service provider.

3.2. Service Provider has agreed to provide round the clock (24 Hours) services to the Client on all calendar
days of the month without fail and will dedicated exclusive buses along with dedicated Driver and Helper
to serve the client.

3.3. Service Provider will ensure to provide suitable Driver and Helper with all necessary licenses and
compliances as may be applicable by the law and will seek confirmation from the Client for the deputation
of same and will ensure no change without Clients approval. The Driver and Helper provided by the
service provider should have a GPS enabled mobile with them.

3.4. Service Provider will ensure to provide its vehicles having no objections of any kind in line with law and
order and are fully maintained at all time during the term of this agreement and will seek confirmation
from the Client for the deputation of the confirmed buses and will ensure no change without Clients
approval.

3.5. Service provider ensures that the bus should reach the factory or any designated location on time.
However, if the delay is on account of accident, flood, heavy rain, earthquakes, blocking of road by reason
 of any strike the transporter will not be liable to pay the damages for the delay. If any bus is not able to
reach at the appointed place or factory due to technical defect, the transporter will provide an alternative
arrangement so as to avoid any delay.

3.6. Service provider need to ensure that the Driver and Helper provided by the service provider must be of 18
year and not more than 45 years with no criminal record at the time of joining. A valid ID proof with photo
and details of the permanent address should be submitted at the time of joining.

3.7. The Driver and Helper provided by the service provider should have sound physical and mental health.
Service provider must ensure that all Driver and Helper provided are having a naked eyesight vision of
more than 0.6 and the corrected vision should be above 1.0.

3.8. The service provider ensures that the Driver and Helper provided by the service provider meets the
required skill set and experience to serve.

3.9. Service provider alone shall be responsible and liable for payment of salaries/wages, emoluments and
other amounts including benefits, bonus, retrenchment compensation, provident fund, ESIC, gratuity and
any other payments and dues of its Driver and Helper as per statutory provisions and the Client shall have
right to call for and examine books of account, statutory records and documents required under the law
to be maintained for the above purpose.

3.10. Service provider is responsible and liable for the payment of any taxes or duties that may be
levied, and the client shall not be liable for the same. Service provider shall at its own cost obtain any
permits and licenses as may be necessary or required under the provision of any statue, enactment or
rules/regulations and bye-laws of Government, Municipality or any other local or public body or authority
for the purpose of rendering the said services hereunder.

3.11. Service provider should if terminate the services of any Driver and Helper and changes to new
one same needs to be updated and approved by the client.

3.12. Service provider shall always ensure that the Driver and Helper provided to the client shall
observe good conduct, behavior and discipline and never exhibits any indecent behavior including but not
limited to drunk on duty, misbehave with employees etc. However, on client informing the service
provider, that the conduct or behavior or discipline of any of the Driver and Helper is not conducive to the
company than in such event service provider shall forthwith withdraw such Driver and Helper and
immediately provide replacement of same to ensure the said services being rendered to the company are
not impacted.

3.13. In the event of disruption of said services for any reason whatsoever, including but not limited its
Driver and Helper going on strike, then service provider shall have to make such alternate arrangements
to provide the continuation of said services. In the event of failure service provider to make such alternate
arrangements to the client satisfaction, the client shall be free to make these arrangements and recover
the losses from the service provider any excess amount spent by the client in doing so.

3.14. Client will not be responsible for death, injuries or accidents to any Driver and Helper during the
term of this Agreement nor shall the client be liable to pay any damages or compensation to such Driver
and Helper and if the client is made liable to pay any damages or compensation in respect of such Driver
and Helper. The service provider herby agrees to pay forthwith to the client such damages/compensation
upon demand, failing which the company shall be at liberty, without prejudice to its other rights and
remedies to deduct the said amounts form the amounts, if any, due from the client to the service provider
and service provider hereby authorizes client to do so.
3.15. Client shall not be responsible or liable for any theft, loss, damage or destruction of any of the
property of the service provider or the Driver and Helper provided from any cause whatsoever unless the
same is directly attributed to any act of the client.

3.16. The service provider will not inflate/change the prices for a lock-in period of one year and any
increase thereafter need to be mutually discussed and agreed between both the parties.

3.17. It is hereby understood and agreed that there is no nexus of employment or any employer-
employee or principal agent relationship between the service provider and the client and that the service
provider will not hold itself out as the agent of Company.

4. COMMERCIALS

4.1 Service provider has agreed to provide AC buses with seating capacity of 41 passengers working on
all calendar days of a month at a Total cost of INR 99000.00 for a maximum total distance of 1250
(one thousand two hundred and fifty) KM.

Note: 1. Any extra distance travelled by the client will we charged at a rate of 26 INR per KM.
2. All taxes including but not limited to road tax, passenger tax etc. will be paid by Service Provider
and client hold no responsibility in case of the failure of same.

4.2 Service provider will send Invoice on 1st working day of each month for the services taken in last
month and Client will make payment within 15 working days after receiving the invoice.

4.3 GST as applicable is excluded in the rates being proposed. The rates are subject to change as mutually
agreed.

4.4 Income Tax at source will be deducted at the prevailing rates and necessary certificate will be issued
to the service provider.

4.1. RECONCILIATION OF ACCOUNTS

4.1.a. The Service Provider shall maintain such records of matters related to the Services as required
under this Agreement in accordance with generally accepted accounting principles and practices
uniformly and consistently applied and shall share same with client if and/or when asked for.

4.2.b. The Accounts shall be reconciled between the Parties on quarterly basis and any outstanding dues,
claims to be settled with mutual agreement between the parties within the aforesaid period. For the sake
of clarity, the reconciliation for the first quarter ending on 31st March shall be reconciled before the end
of quarter 2 ending on 30th of June.

5. TERMINATION

5.1. Either party may terminate this Agreement by serving a written notice of not less than Thirty (30) days on
the other party.
5.2. In the event of such termination the client should pay all unclaimed due payments within the tenure of the
notice period and the service provider need to ensure no interruption in running business by any means so
which may lead to disruption/damage to client business.

6. FACILITATION

6.1. The Service Provider shall notify to the Client the name of its designated personnel who will be looking
after all the issues and managing the issues (including but not limited to) such as deputation, withdrawal,
change, separation, termination, etc. of its Buses, Driver and Helper to Client.

6.2. The Client shall designate personnel and notify Service Provider on the same for the purposes of
discharging obligations under this Agreement.

These personnel shall be the principal coordinator for the purposes of this Agreement and shall be
empowered to discuss and reach agreement on any actions with regard to any operational aspect of the
deputation.

7. REPORTING

7.1. In the normal course, the Driver and Helper shall receive instructions from Client and shall undertake to
abide by any suggestions, instructions etc. given whether by Client or any assigned person(s) as regards
services under this Agreement.

7.2. Client undertakes to deal with the Driver and Helper in a fair manner and entrust only such job
responsibilities to the Driver and Helper as originally agreed upon.

8. CONFIDENTIALITY

The Service Provider and the Client hereby agree to keep secret and confidential the proprietary,
information made available to them during the subsistence of this Agreement. Dissemination of such
proprietary information shall be restricted to officers, employees of Service Provider and Client strictly on
a need to know basis. Also, the confidential information will strictly mean any information provided by the
Client and to be marked in writing as “Confidential”. Except to the information which has already been
disclosed in public or private forums before being disclosed to the Service Provider after taking written
approval of the same by the Client.

9. ADDRESS FOR NOTICE/CORRESPONDENCE

Any postal communication and or notice required to be served upon the Service Provider and Client need
to be served at the following address;

For the Client:

Name
Designation
Company Name
Company Address for legal correspondence
Email ID

For the Service Provider

Name
Designation
Company Name
 Company Address for legal correspondence
Email ID

10. DISPUTE RESOLUTION

In the event of any dispute between the Parties hereto, arising out of or in relation to this Agreement, the
Parties shall endeavor to settle the same amicably. If an amicable settlement cannot be reached as above,
such dispute shall be referred to the sole arbitrator appointed mutually by the Parties. The Arbitration
and Conciliation Act, 1996 and the rules framed there under shall apply to such arbitration proceedings.
The seat and venue of arbitration shall be Greater Noida. The award of the arbitrator shall be final and
binding on both the parties.

11. GOVERNING LAW AND JURISDICTION

This Agreement shall be governed by and construed in accordance with the laws of India and shall be
subject to the jurisdiction of the Courts at New Delhi. The Parties agree, acknowledge and submit to the
courts of New Delhi having exclusive jurisdiction over all and any dispute or difference between the
parties arising out of or in connection with this Agreement.

12. FORCE MAJEURE

All contractual obligations of either party and performance of the services by the Service Provider will be
suspended for so long as and only to the extent that fulfillment of obligations and performance of services
is prevented by reason of Force Majeure like strike, flood, war, civil commotion, lockout or an act of God.
The affected Party shall promptly notify the other and shall consult together to find out mutually
acceptable solution.
IN WITNESS WHEREOF the parties hereto have caused this Agreement to be duly executed on the day and year
first above written.

For: Name of service provider company For: Name of Client company

Authorized Signatory Authorized Signatory

Name and Designation Name and Designation
Company Seal Company Seal

Witnesses:
1. 2.