MEMORANDUM OF UNDERSTANDING

The present MOU is made and executed on this__________ day of May 2016 at
Noida, Gautam Budh Nagar, U.P.
Between
M/s. Supertech Realtors Pvt. Ltd. a company registered under the Companies Act,
1956, having its Registered Office at 1114, Hemkunt Chambers,89, Nehru Place,New
Delhi-110019 and Corporate Office at B-28-29,Sector-58,Noida, through its
authorized representative hereinafter called the DEVELOPER of the One Part
AND
Mr. _____________________
S/O______________________
R/O_________________________

hereinafter called the BUYER of the Other Part.

The terms DEVELOPER and the BUYER unless repugnant to the context mean
and include their respective heirs, successors, legal representative, assigns and
nominees.
WHEREAS the Developer is constructing & developing a commercial tower called
Astralis in its Supernova project, Sector 94 , Noida. The Developer is offering virtual
th
spaces to its Buyers/Investors on its 27th & 28 floors of this tower.
WHEREAS the Buyer,after being satisfied with the development of project and its
future financial prospects, ,has purchased a virtual space having total area of 200. sq
th
ft, on the 27 floor, Tower Astralis of the project. An allotment letter dated
03.05.2016 containing the terms and conditions of the allotment, has also been
issued by the Developer in favour of the Buyer/Investor.
WHEREAS now both the Buyer and Developer have mutually agreed to enter into an
MOU with an intention to create an understanding about the sharing of revenue
generated by the allotted virtual space on the following terms and conditions:-

NOW THIS MOU WITNESSETH AND IT IS HEREBY AGREED BETWEEN THE

PARTIES AS FOLLOWS:1. That it is agreed by both the parties that the virtual space, allotted to the Buyer is a
part of one large commercial area and the Buyer shall never get the physical
possession of it anytime in future in any manner whatsoever. The Buyer is
purchasing the virtual space for commercial purposes only.
2. That it is agreed and acknowledged by the parties that the physical possession
of the allotted virtual space shall
always remain with the Developer and the
Developer shall have exclusive rights to lease the entire virtual space including
the virtual space allotted to the Buyer. The Buyer hereby transfers/surrenders the
leasing rights of the allotted virtual space in favour of the Developer.
3. That the Buyer shall get an Assured Return against his/her investment made in the
allotted virtual space. The Developer undertakes to give an assured return of 12%
p.a. on the amount invested by the Buyer till offer of possession. The payment of
Assured Return shall start from the date when the Buyer makes Minimum 50% of
due payment. Any statutory tax/taxes applicable on disbursement of
assured return shall be borne by the Buyer.
4. That after offer of possession of the unit , the Buyer
shall get an assured
return of 8% on the amount invested by the Buyer for life time.
If the virtual
space is given on lease ,then the rent of virtual space shall be calculated by
multiplying area with the per sq. ft. rent generated by the entire floor on which
the allotted virtual space is located.
5. That if the rental income generated by the allotted virtual space is more than
8% of the amount invested by the Buyer then this extra
portion of the rental
income shall be shared in proportion of 75:25 by the Allottee and Developer.
That the maintenance services/other services for virtual spaces shall be provided
by the Developer/nominated maintenance agency.The CAM
charges shall be
paid by the Lessee. In case the virtual
space is unoccupied then the CAM
charges will be borne by the Developer.
6. That the leasing of the allotted virtual space and its related transactions shall be
done by the Developer itself or through any agency appointed by the
Developer.The decisions regarding choice of Lessee, area of leasing, rates of
lease etc shall be taken solely by the Developer/ appointed agency.The Buyer
shall accept the decisions taken by the Developer/appointed agency
unconditionally and shall not raise any objection in this regard.

7. That this MOU embodies the entire agreement or understanding reached

between
the parties relating
to the subject matter of
this MOU and no
other terms or promise or condition or obligation oral or in writing shall
be pleaded as agreed upon
between the parties
relating
to this
agreement.
8. That all disputes or disagreements arising out of in connections with or in relation
to this MOU which cannot be amicably settled shall be finally decided by
arbitration under Indian Arbitration and Conciliation Act, 1996 or any amendment
thereof and the sole arbitrator shall appointed by the Developer.The place of
arbitration shall be at Noida and Courts at Noida shall have jurisdiction to
adjudicate any matter subject to arbitration clause.
9. This MOU shall not be subject to change or modification except by execution of
another instrument in writing duly executed by both of the parties to this MOU.

IN WITNESS WHEREOF, both the parties hereto have executed, singed and put their
respective signatures, on the day, month and the year first above mentioned in the
presence of the following witnesses.

ALLOTEE(S):
For M/s. Supertech Realtors Pvt. Ltd.
1.
Mr. ______________________
Authorised Signatory