This Agreement is made effective as on DDMMYYYY for good and valuable
Consideration between Mr. X “Owner of the Plot” (Party A”) and Mr Y “Owner of Retail mall” (Party B”) who jointly agree the following terms and conditions when exchanging properties as outlined below:
Party A offers the following properties for exchange:
20 Acre Plot at Knowledge Park 5 Greater Noida
The fair market value is _______cr.
The debt on land on authority is ______ cr.
Exchange value ______ Cr
In Exchange, Party B offers the following property for exchange:
___________SQFT Retail Space on ground floor in upcoming Project in Knowledge
park 3
Valued at _________ Rupees per SQFT
The Terms for Exchange of said Properties will be as per below
1. Party A will do an Agreement to sell for his property with Party B.
2. Party B will construct and complete the Retail Mall, allot and give possession of allotted retail Space in 18 Month of execution of this agreement which Party A can sell in open market. 3. Party A will sell the allotted retail area in open market and the sale consideration will go to Party B, also Party B can assist Party A for the sale of allocated retail space. 4. Party B will transfer the same consideration to Party A and Party A will transfer the shareholding of same amount of the company which owns the land to Party B. 5. After 18 Month the Party A will transfer the 100% shareholding of company to Party B and Party B will register the allotted retail space (unsold area of total considered retail space) to Party A 6. Penalty Clause as per Mutual Understanding.