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MEMORANDUM OF UNDERSTANDING

This Memorandum of Understanding is made and executed on this the 13th day of
February, 2023 at Hyderabad by and between:-

1. Smt. NAGA SIDDU NAVSU BAI, W/o. LATE NAGA SIDDU KAKOBA,
aged bout 62 years, Occ: House wife, Aadhaar No. 9164 2441 8204.

2. NAGA SIDDU SIVAJI, S/o. LATE NAGA SIDDU KAKOBA, aged aout 38
years, Occ: Business, Aadhaar No. 2594 8721 xxxx)

3. Smt. NAGA SIDDU PARU, W/o. Late NAGA SIDDU TUKARAM, aged
about 72 years, Occ : House wife, Aadhaar No.3457 6607 2273.

4. Sri NAGA SIDDU AMBAN, S/o. Naga Siddu Tukaram, aged about 60
years, Occ: Business, Aadhaar No. 3875 3948 2985.

5. Sri NAGA SIDDU SIDDAPPA, S/o. Late NAGA SIDDU TUKARAM, Occ:
Business, Aadhaar No. 5167 1902 0212.
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6. Smt. NAGASIDDU PADMA, D/o Late NAGA SIDDU TUKARAM, Occ:

Housewife, Aadhaar No. 7989 4000 9371.

7. NAGA SIDDU SUNIL, S/o NAGA SIDDU TUKARAM, aged about 42

years, Occ: Business, Aadhaar NO. 9702 8147 8471.

8. NAGA SIDDU NAGON, S/o Late NAGA SIDDU TUKARAM, aged about
40 years, Occ: Business, Aadhaar No. 4329 8345 0924.

All the above No.1 to 8 residents of H.No.8-2-609/1/M, Gouri Shanker Colony,

Banjara Hills, Hyderabad, Telangana State.

(Hereinafter called the FIRST PARTY)

AND

(Hereinafter called the SECOND PARTY)

Whereas No.1 to 8 of the First Party herein are the absolute owners and possessors of
Agricultural land admeasuring Ac.6.21 gts., in Sy.Nos. 186/vu, 187, situated at
Vattinagulapally Village, Gandipet Mandal, Rangareddy District, Telangana
State as the First Party No.1 to 8 inherited the property from their predecessors
NAGA SIDDU KAKOBA and NAGA SIDDU TUKARAM, whereas the said
NAGA SIDDU KAKOBA and NAGA SIDDU TUKARAM during their life time,
purchased an extent of Ac.30.00 gts,. Jointly in Sy.No. 186, 187 and 188 situated at
Vattinagulapally Village, Gandipet Mandal, Rangareddy District, Telangana
State through a Registered Sale Deed No. 1678/1978 from one Rajannagiri Malla
Rreddy and 7 others for a valid sale consideration. Out of the total extent of Ac.30.00
gts., the above said two persons namely NAGA SIDDU KAKOBA and NAGA
SIDDU TUKARAM sold away Ac.10.00 gts., in favour K.Bala Swamy Gupta
through a Regd. Sale Deed Doc.No. 8859 of 1987, again both of th)em (NAGA
SIDDU KAKOBA and NAGA SIDDU TUKARAM) sold away an extent of
Ac.8.22 gts., in favour of K.Venkata Ramana through a Regd. Irrevocable GPA
Doc.No.500 of 1988. The said K.Venkata Ramana sold away an extent of Ac.5.00
gts., in favour of K.S.Amarnadh through a Registered Sale Deed Doc.No.6998 of
1996 creating a fake/ forged document of Irrevocable GPA to an extent of Ac.5.00
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gts., in Sy.Nos. 186/vu, 187 situated at Vattinagulapally Village, Gandipet

mandal, Rangareddy District, Telangana State, alleged to be executed by the said
NAGA SIDDU KAKOBA and NAGA SIDDU TUKARAM. Thus, the total extent
out of Ac.30.00 gts., land an extent of Ac.23.22 gts., land was sold away and the
remaining an extent of land Ac.6.18 gts., was under the possession of the First
Party/Land owners herein.
According to Dharani Portal an extent of land Ac. 6.21 gts., in Sy.No. 186/Vu
and 187 situated at Vattinagulapally Village, Gandipet Mandal, Rangareddy
District, Telangana State is remained with the First party /Land owners herein.
After the death of NAGA SIDDU KAKOBA and NAGA SIDDU TUKARAM,
being legal heirs and successors of NAGA SIDDU KAKOBA and NAGA SIDDU
TUKARAM, No. 1 to 8 herein inherited the property in an extent of Ac.6.21gts., in in
Sy.No. 186/Vu and 187 situated at Vattinagulapally Village, Gandipet mandal,
Rangareddy District, Telangana State.

Whereas the First party/Land owners approached the Second Party to deal
with the land/ property to clear off the pending issues of Land grabbing and other
pending issues from Revenue Departments, Municipalities, Courts etc., on the
following terms and conditions:-

NOW THIS MEMORANDUM OF UNDERSTANDING WITNESSETH AS

FOLLOWS:

1. The First Party has approached the party of Second Part to handle the court
cases, liaison with Government Departments, obtaining NOC form Govt. of
Telangana, getting the survey work done in respect of schedule property and
taking all other necessary works and tasks facilitating taking possession of
schedule property by parties of First Party and in consideration thereof, the
Party unconditionally and with free consent agreed to Register in the
schedule property to the Second Party after clearing all the pending issues.
Both the Parties unconditionally agree and acknowledge that this term is
essential and is very reasonable considering the efforts involved in the
process for the mutual benefit of both the Parties.
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2. It is agreed that the Second Party will invest time, efforts and money to clear
the pending works of First Party with regards to the Scheduled Property from
the Government and other respective courts based on the present situation
and facts disclosed by the First Party as on date of this MOU. The First party
hereby declares and assures that apart from the mentioned litigations or court
cases, there are no other cases or litigations pending against the scheduled
property to be handled by the Second Party.

3. It agreed that the First Party shall co-operate with the Second Party by
signing the papers, petitions, applications, affidavits, vakalaths and any
document/s, those may be required to submit in courts, revenue offices,
municipal offices or in any other government offices to clear the pending
litigations over the schedule property and both the parties agree that the land
will be settled without any legal dispute other than the above mentioned
litigation it this MOU. This present MOU does not empower the Second
Party to sell the schedule property but however the Second party is
empowered to do all other acts and deeds on behalf of the First Party upon
their request in respect of the schedule property envisaging an early
settlement of dispute and taking possession of schedule property after
conducting survey by metes and bounds and after demarcating and securing
with proper boundaries.

4. It is agreed that as per the present situation the total extent of Land as
described in the Schedule Property may or may not be exactly equal to
Ac.6.21 gts., and the same is subject to survey and if it is found that the total
extent is less than Ac.6.21 gts., and in that event there would not be any
change in sale consideration out of the available land to be registered
unconditionally to the Second Party respectively.

5. The First Party hereby further covenant, declare and agree that the land
hereby offered is free from all encumbrance, such as mortgages, charges,
lien, demands, interests, security, Court litigations other than specifically
mentioned in this MOU, Government or any private attachments and any
other charges etc. of any nature whatsoever.
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6. It is agreed that the Second Party shall bear all the expenditure that may be
incurred for obtaining the clearing pending issues, conducting the survey,
taking over the possession and getting the clearances from the revenue
department etc.

7. The First Party have agreed to cooperate with the Second Party for
surveying the Land and fixing the boundary and First Party further agreed to
execute registered sale deed or deeds along with their legal heirs of the
Schedule Property in favor of the Second Party only after completion of all
agreed tasks as undertaken herein.

8. It is agreed that the First Party shall support and co-operate with the second
Party to produce the certified copies or the original documents pertaining to
the schedule property as and when the Second Party need to produce before
any competent authority for the purposes of this MOU.

9. The First party hereby promises and agrees that, they or their legal heirs, if
any, have not entered into any other agreements on or before singing of this
agreement/MOU for the same scope of work with any other third party. In
case they have already entered any such agreement prior to this agreement,
the First Party unconditionally agree to get it cancelled and provide proof
thereof to the satisfaction of the Second Party and if any such arrangements
are existence, the same stand terminated by executing this MOU and no third
party would claim any interest or right whatsoever in nature and shall not
cause any hindrance to the Second Party and if any claim or dispute arises
with such third Party, the shall be to the costs of First Party without any
recourse to the Second Party.

10. It is agreed that this MOU is irrevocable and binding on all the members of
the first party and their legal heirs, family members and shall not deviate
from the agreed terms and conditions at any point of time till the completion
of the scope of work assigned to the Second Party.

11. It is Agreed that the First Party will settle or handle any other litigations or
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issues pertaining to the Land other than the scope mentioned in the MOU
specifically but not disclosed to or not known to the Second Party0 or incase
of failure the First Party, the First Party hereby agrees to pay all the costs
and expenses incurred by the Second Party or equally substitute with any
property/ Land of themselves to the Second Party. It is agreed by the Second
Party that incase the Second Party fails to complete the works as described
in this MOU, the amount spent by them will not be reimbursed by the First
Party.

12. Whereas the First Party agreed to sell the schedule property on considering
the valuable services of the Second party/Vendee in pursuing/ Clearing the
pending issues from Revenue Department, Municipalities, Courts etc., and
taking over the possession of the Schedule property only after obtaining the
clear title in favour of Land Owners/ First Party for a total sale consideration
of amount of Rs.30,00,00,000/- (Rupees: Thirty Crores only) and as a token
advance an amount of Rs.50,00,000/- ( Rupees: Fifty Lakhs only ) will be
Paid through Cash/ Cheque No: drawn on Bank:
at Branch: to the First party/Land owners at the time of
execution of this Memorandum of Understanding.

13. In case, if there are any pending issues of the Schedule property shall be
settled out of courts without approaching the Hon’ble Courts, the Second
Party agreed to settle the issue within XX months and get register the
schedule property in their favour on paying the sale consideration to the First
Party/land owners as mentioned above.

14. Any dispute or difference whatsoever arising between parties out of or

relating to the construction, meaning, scope, operation or effect of this MOU
or validity or the breach thereof shall be settled through arbitration and both
parties shall jointly elect the Sole Arbitrator to be suggested by the Second
Party and the First Party would agree to the same without demur. The seat
and place of arbitration shall be at Hyderabad, India only and language shall
be English. The award of the Sole Arbitrator shall be final and binding on
both the parties. The said dispute also can also be settled through Mediation
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before referring the matter to arbitration or can be enforceable before the

court of law for appropriate relief(s) according to law.

SCHEDULEOFPROPERTY

North :

South :

East :

West :

IN WITNESS WHEREOF, both the Parties here to put their respective hands
and signatures on this MOU Agreement with their own free will and consent
without any undue influence, in presence of the following witnesses on the day,
month and year first mentioned above, at Hyderabad

WITNESSES:
1.

1. 2.

3.

2. 4.

5.

6.

7.

8.

FIRST PARTY/ LAND OWNERS

SECOND PARTY