Forward Sale Agreement

Ref. No. Buyer No.216012, Order No.1, Serial No.611701

This Deed of Agreement executed at Dhaka on this the Monday, September 9, 2019

Between
Nitol Motors Limited, a Private Limited Company incorporated under
the Companies Act, 1913 and existing under the Companies Act 1994
and having its Registered Office at Nitol Centre,71, Mohakhali C/A,
Dhaka-1212, Bangladesh, and VAT registered premises at Konabari,
Gazipur represented by Mr. MAZHAR UDDIN AHMED, MANAGER
(hereinafter called "Owner" which term unless repugnant to the
context shall mean and include its successors -in -Interest, legal
representatives and assigns )of the one part.

AND

Mr./Mrs. MD. RABBANIE JAMAN. son/daughter of Mr. Mrs.

BADRUZZAMAN PRESENT ADDRESS : H# 2, LANE# 09, R#
ALAMIN ROAD, P.O: PARADGAIR-1362, P.S: JATRABARI.
PERMANENT ADDRESS H# 2, LANE# 09, R# ALAMIN ROAD, P.O:
PARADGAIR-1362, P.S: JATRABARI. aged about 52 years by faith
Islam by profession Business by Nationality Bangladeshi whose
National ID No. 644 887 9749 (hereinafter called the "Operator"
which expression unless repugnant to the context shall mean and
include his /her heirs, legal representatives and assigns ) of the other
part.

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WHEREAS the OWNER with the objective to SELL and the

OPERATOR with the objective to purchase the said vehicle described

in the schedule of Operating Agreement on further terms & condition

as follows:-

1) The Ownership of the Vehicle shall be Transferred to OPERATOR

if the she/he:-

(A) Pays all MMRs and liquidated damages (if any) as per the said
agreement. (B) All costs of transfer of Vehicle in the name of the
OPERATOR. (C) Updates the documents relating to Road Tax,
Fitness, Route Permit, Insurance, etc.

2) In case of early settlement of the said operating agreement, the

Sale Value of the Vehicle will be determined considering the
number of MMR to be paid in advance at non-annualized value
and adjustment of Written Down Value of any capital expenditure
incurred for the said vehicle.

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3) The sales price shall not be less than security deposit plus
defaulted & not due MMR. Or a negotiated price as may be
determined by both the parties.

--------------------------- -----------------------------
Signature of OWNER Signature of OPERATOR

Witness Witness
Name: Name:

Signature: Signature:

Address: Address:

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