BUSINESS AGREEMENT

THIS AGREEMENT of investment of money made on this 14th day

of July, 2021 (Two Thousand and Twenty One) of the Christian Era.

B E T W EEN

MR. MANAB DAS, son of Late Gobinda Das, resident of Village-

Barbang (Gosaipara), P.O- Barbang, Sub- Division-Bajali, Mouza-
Uttar Bajali, P.S-Patacharkuchi, Dist-Bajali (Prev. Dist-Barpeta)
(Assam), PIN-781329, Hindu by religion and business by occupation.
(Herein after referred to as “First Party” or supplier in FIRST PART,
which expression shall unless repugnant to the context or meaning
thereof include and always be deemed to include its successor or
successors – in – interest and assigns)

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 A N D

M/S HOQUE ENTERPRISE, Represented through its Proprietor, Md.

Hajikur Islam, son of Abu Taleb, having its registered office at
Ichhakali, Kulgachhi, Bhatupara, Kulgachhi, District- Murshidabad,
State- West Bengal, 742213. (Herein after referred to as “Second
Party” in SECOND PART, which expression shall unless repugnant to
the context or meaning thereof include and always be deemed to
include its successor or successors –in– interest and assigns;

WHEREAS, the First Party is doing business of supplying dried betel

nuts (Supari) to deferent Pvt. agents/individuals/shops/markets e.t.c
within India. The Second Party is an agent of supplying dried betel nuts
to various industries who desired to take dried betel nuts from the First
Party and the First Party is also agreed to supply dried betel nuts to the
Second Party under certain terms and conditions and accordingly both
the parties have executed this business agreement under the following
terms and conditions:-

NOW THESE PRESENTS WITNESSETH AND THE PARTIES HEREBY

AGREE AS FOLLOWS:

1. That First Party will supply dried betel nuts to the Second Party at
Guwahati.

2. That the Second Party will pay 70% of value/market price of dried betel
nuts to be supply to the Second Party in advance before supplying dried
betel nuts and remaining balance amount will be paid by the Second
Party to the First Party at the time of delivery of dried betel nuts.

3. That the terms of this agreement has been fixed for a period of 2 (Two)
years only W.E.F. today and this business agreement will automatically
be cancelled on completion of this 2(two) year i.e on 13 th day of July,
2023.

4. That both the parties may execute fresh agreement if both party if
required and desire to run the business in near future after expiry or
cancelation of this agreement.

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5. This Agreement and the transactions contemplated hereunder shall be
governed by the Laws of Arbitration. The parties shall attempt to settle
any disputes or differences in relation to or arising out of or touching this
Agreement or the validity, interpretation, construction, performance,
breach or enforceability of this Agreement (collectively disputes), by way of
negotiation or mediation. To this end, each of the parties shall use its
reasonable endeavors to consult or negotiate with the other party in good
faith and in recognizing the parties, mutual interests and attempt to
reach a just and equitable settlement satisfactory to both Parties, if the
parties have not settled the disputes by negotiation or mediation within
30 days from the date of which negotiations are initiated, the disputes
shall be referred to the Arbitration of a sole arbitrator to be jointly
appointed by the Parties. All proceedings in any such arbitration shall be
conducted in English. The Arbitration shall take place in Kolkata and
shall be governed by the Arbitration and Conciliation Act, 1996 or other
Law relating to Arbitration in force in India at the relevant time. Any
Award rendered upon such arbitration shall be a reasoned award in
writing and shall be final, conclusive and binding on the parties.

6. The Hon’ble courts of Bajali only shall have exclusive jurisdiction on any
matter arising in the course of and out of the present agreement.

7. That neither party will violate any terms and conditions of this
agreement and any party violating the terms and conditions of this
agreement will be liable under court of law.

IN WITNESS WHEREOF, the parties hereto have signed this agreement at

our own and free will and consent and without any compulsion from either
party or from any person on this 14 th day of July 2021 at Kolkata, West
Bengal.

Witness’s Signature:

____________________________  
Signature of First Party

Witness’s Signature:

____________________________  
Signature of Second Party

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