APPLICATION FORM

To, Date:

M/S. BRIGHT BUILDTECH PRIVATE LIMITED

D-35, Anand Vihar,
Delhi-110092

SUB: APPLICATION FOR BOOKING OF A FLOORS IN THE PROJECT "ACE PALM

FLOORS" AT SECTOR 89 & 90, GURUGRAM, HARYANA.

Dear Sir,

I/ we (hereinafter referred as the "Applicant") wish to apply ("Application for Booking") for a
floors admeasuring sq. ft. (“Residential floor”) in the plotted colony “Ace Palm
Floors” being developed by M/s Bright Buildtech Private Limited (“Company”) on a parcel of land
admeasuring 101.081 acres situated in the revenue estate of village Hayatpur, Tehsil Gurgaon and
Village Badha, Tehsil Manesar, District Gurgaon falling under Sector 89 & 90 under the master
plan of Gurgaon (“Project”).

I/ we am/ are enclosing herewith Cheque/ Draft/ Pay order no. dated
for Rs. (Rupees Only), drawn on
Bank Branch dated in favour of “Bright Buildtech
Pvt Ltd” ACE Palm Floors Receivables RERA A/c, payable at , which may
please be treated as the booking amount for the Residential floor ("Booking Amount").
1. MY/ OUR PARTICULARS ARE AS UNDER1:

(A) SOLE/ FIRST APPLICANT

Self Attested
Mr./ Mrs./ Ms./ M/s Photograph of
Sole/ First
S/W/D of Applicant

Date of Birth: Nationality:

Occupation:

Service ( ) Professional ( ) Housewife ( )

Business ( ) Any other

Residential Status:

Resident ( ) Non-Resident ( )* Foreign National of Indian Origin ( )

Others (please specify)

*Current country of residence

*Principal bank account number held in the country of residence

1
It is mandatory to fill in the requisite information in all the columns for all applicants.

Page 1 of 14
Marital Status: Married ( ) Unmarried ( )

Permanent Account Number:

(In case of resident Indians only. For others, please attach copy of passport/ PIO Card)
PAN CARD: The Applicant is required to attach a Photocopy of the PAN Card along with this Form.

Address:

City State Country

PIN Email
Tel. No. (with STD/ISD Code) Mobile No.
Fax No.

(B) SECOND/ JOINT APPLICANT (if applicable)

Self Attested
Mr./Mrs./Ms. Photograph of
Second Applicant
S/W/D of

Date of Birth: Nationality:

Occupation:

Service ( ) Professional ( ) Housewife ( )

Business ( ) Any other

Residential Status:

Resident ( ) Non-Resident ( )* Foreign National of Indian Origin ( )

Others (please specify)

*Current country of residence

*Principal bank account number held in the country of residence

Marital Status: Married ( ) Unmarried ( )

Permanent Account Number:

(In case of resident Indians only. For others, please attach copy of passport/ PIO Card)

PAN CARD: The Applicant is required to attach a Photocopy of the PAN Card along with this Form.

Address:

City State Country

PIN Email

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 Tel. No. (with STD/ISD Code) Mobile No.
Fax No.

2. DETAILS OF THE RESIDENTIAL FLOOR

(1) Floor No.

(2) Area square sq. ft.

(3) Block No.

(4) PLC (if applicable)

3. SALE VALUE OF THE FLOORS

(1) Basic Selling Price Rs.

(2) Preferential Location Charges Rs.

(3) Power Back Up Charges Rs. per KVA

(4) Other Charges, if any Rs.

(5) Total Sale Value Rs.

Note: All other amounts towards third party/statutory taxes, fees, charges including GST, VAT,
stamp duty, registration charges etc., as applicable or as indicated in the Agreement for Sale/ Payment
Plan shall be extra and payable by the Applicant(s) as and when demanded by the Company.

4. PAYMENT PLAN: (Please tick appropriate one)

Down Payment Plan [ ] Time Linked Plan [ ]

The Payment Plan is annexed herewith as Annexure-A.

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Note:

1. All payments to be made by the Applicant unless specified otherwise in writing by the Company,
shall be vide a demand draft/ banker's cheque/ ordinary cheque (at PAR) payable at New Delhi,
in favour of “Bright Buildtech Pvt Ltd - ACE Palm Floors Receivables RERA A/c” . The
date of credit into the Company's bank account shall be deemed as the date of payment made by the
Company.
2. In case the cheque comprising booking amount/ registration amount is dishonored due to any
reason, the Company reserves the right to cancel the booking without giving any notice to the
Applicant(s).

3. Applications not accompanied by photographs and the particulars mentioned hereinabove of the
Applicant(s) shall be considered as incomplete and may be rejected by the Company at its sole
discretion.

4. Persons Signing the Application Form on Behalf of other person/firm/company shall file proper
Authorization/Power of attorney/ Board Resolution.

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DECLARATION:

I/ We confirm and declare that the particulars provided by me/ us are true to my/ our knowledge and
correct to the best of my/ our belief. I/we shall be liable and responsible for cancellation of booked Unit
by the Company, if the enclosed document/ information found to be forged or fake. No part of it is false
and nothing material has been concealed or withheld by me/ us therefrom. I/ We have fully read and
understood the above mentioned terms and conditions and agree to abide by the same.

Sole/ First Applicant Second Applicant

Date:
Place:

If through Dealer / Agent his particulars:-

(i) Name:

(ii) Address:

(iii) RERA Regn. No.:

(iii) Telephone No. Fax No. Mobile No.

(iv) PAN No. E-Mail

(Signature and Stamp of the Dealer)

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 FOR OFFICE USE ONLY

Checklist of documents required at the time of Booking2:

(a) Booking amount cheque/ draft.

(b) PAN No. and copy of PAN Card/ Undertaking.
(c) For Companies: Copy of the Certificate of Incorporation, Memorandum and Articles of
Association and certified copy of the board resolution authorizing the person executing
the Application for Booking.
(d) For Partnership Firm: Copy of partnership deed, firm registration certificate, consent/
authorization from all the partners and a written authorization in favour of the person/
partner executing the Application for Booking.
(e) For Foreign Nationals of Indian Origin: Passport photocopy and funds from their own
NRE/ FCNR Account.
(f) For NRI: Copy of passport and payment through own NRE/ NRO Account/ FCNR
Account.
(g) One photograph of each Applicant.
(h) Address/ Identity Proof: Photocopy of Passport/ Electoral Identity Card/ Ration Card/
Driving License/ Adhaar Card etc.
(i) Specimen signatures duly verified by bankers (in original).
(j) Kindly mention sole/first applicant’s name, residence address & mobile number on the
back of the cheque/DD

(Received By) (Checked By) (Authorized Signatory)

Name: Name: Name:

Designation: Designation: Designation:

2 All copies of documents, wherever required, should be self-attested

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TERMS AND CONDITIONS FORMING PART OF THIS APPLICATION FORM FOR
BOOKING/ ALLOTMENT OF RESIDENTIAL FLOOR IN "ACE PALM FLOORS" SITUATED
AT SECTOR-89-90, GURUGRAM, HARYANA

I/ we understand and agree that this Application for Booking of the Residential floor is subject to,
inter alia, the following terms, conditions and obligations to be observed by me/ us, including the
terms and conditions of the Agreement for Sale ("Agreement for Sale") that may be executed with
M/s. Bright Buildtech Private Limited (“Company”) in due course and I/ we further agree and undertake
to abide by all these terms, conditions and obligations. The Company has the exclusive right to change,
amend, add and/or delete any of the terms and conditions which shall become applicable to me/us
from the date of intimation to me/us and which I/we hereby agree to abide by:

1. I/ We declare that I/ we am/ are competent to make and submit the present Application for
Booking of the Residential floor and there is no legal or contractual impediment or restriction
on my/ our making this Application for Booking or the payment tendered hereunder.

2. I/ We have clearly understood that submission of this signed Application for Booking of the
Residential floor and payment made by me/ us of the Booking Amount shall not constitute a
right to allotment of the Residential floor and nor shall it create or result in any obligations
on the Company towards me/ us. I/ We understand that the Company may at any time and at
its sole discretion reject my/ our Application for Booking without assigning any reasons
whatsoever thereof.

3. I/we clearly understand that this application does not constitute an agreement to sale and I/we do
not become entitled to the provisional and/or final allotment of the Residential floor
notwithstanding the fact that the company may have issued a receipt in acknowledgementof the
money tendered with this application. I/we clearly understood that the allotment of a Residential
floor by the company pursuant to this application shall be purely provisional till an ‘Agreement
for Sale’ on the format prescribed by and executed by the company in my/our favour. I/we
further agree to sign and execute other related document(s) containing the detailed terms &
conditions of Allotment, as and when required by the company.

4. The Project "Ace Palm Floors" is being developed by the company i.e. M/s. Bright Buildtech
Pvt. Ltd. on a parcel of land admeasuring 101.081 acres situated in the revenue estate of village
Hayatpur, Tehsil Gurgaon and Village Badha, Tehsil Manesar, District Gurgaon falling under
Sector 89 & 90 under the master plan of Gurgaon (“Land”) by virtue of the license granted by
The Director Town and Country Planning (DTCP), Haryana vide license No. 59 of 2013 dated
16th July, 2013 and renewed by DTCP vide letters dated 29.05.2019 and dated
04.09.2019. The registration number issued by Haryana Real Estate Regulatory Authority
(HARERA) is RC/REP/HARERA/GGM/449/181/2021/17 of 2021 dated 12.04.2021.

5. I/ We acknowledge and declare that the Company has duly informed me regarding the
Development Management Agreement dated 23rd May 2019 vide which the Company
has appointed M/s Ace Mega Structures Private Limited as Development Manager of the
Project for supervision of development and construction of the Project.

6. I/ We acknowledge and declare that the Company has readily provided me/ us with all the
information/ clarifications as required by me/ us and I/ we have not relied upon nor been
influenced by any architects' plans, sales plans, sale brochures, advertisements, representations, or
any other information except what is stated specifically in this Application for Booking and I/ we

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 have relied solely on my/ our own judgment in deciding to make the present Application for
Booking the prospective purchase of the Residential floor. Further, I/we have undertaken
all necessary due diligence on the Land and the Residential floor, with respect to the title
of the Company and has seen and perused the relevant documents/papers in relation to the same
and is fully satisfied that the title of Company to the said Land is marketable and that the
Company has full right and authority to develop and construct the Project on the said Land
and sell specific Residential floor thereof to any party(s).

7. I/ We understand that in addition to the sale consideration as set out in this Application Form, I/
we shall also be liable to pay any other charges, development levies, cesses, fees, infrastructure
augmentation charges (IAC) and any other sums are payable (“Taxes”) to or demanded by the
applicable municipal authorities, DTCP, Haryana Urban Development Authority or any local
authority or governmental agency, (“Governmental Authority”) in respect of the Land, the same
shall be borne by me/us in proportion to the area of the Residential floor and shall be
payable immediately on demand before the title in respect of the Residential floor is transferred
by Company in favour of me/us. It is clarified that the charges towards electricity, water,
sewer connection, provision for firefighting equipment, power backup,charges for operation of
generator sets, club membership/usage of club facilities, Interest Free Maintenance Security
(IFMS) etc., if any, are not included in the basic sale price and will be charged from me/us
separately. Further, other charges including but not limited to the applicable registration amount
and stamp duty demanded from time to time as well as any revision/ enhancement in the
development charges as may be applicable from time to timewill be charged from me/us
separately.

8. The Company, in addition to and apart from basic price of the Residential floor shall be entitled
to determine and charge from me/us the preferential location charges (“PLC”) for
certain Residential Floor in the Project (as maybe specified by Company), and where I/we opts
to book any such Residential floor, I/we shall be required to also pay all such applicable
charges towards PLC.

9. The amounts (including the basic charges and the other charges) specified under the Payment
Plan, are being calculated, charged and are to be paid by me/us based on the present proposed
area of the Residential floor. Provided that in the event of any increase/decrease in the area of
the Residential floor the total consideration of the Residential floor shall be subject to revision
by Company and shall be payable and/or adjustable from the price at which the Residential floor
has been booked by me/us.

10. I/We hereby agree that 10% (Ten percent) of the Basic Sale Price i.e., Base Price on the Area of
the Residential floor shall constitute the "Earnest Money". Timely payment of each installment
of the sale consideration in accordance with the Payment Plan opted by me/us forming part of
the Application Form shall be the essence of booking of this Residential floor. In case the
payment of any installment as may be specified is delayed by me/ us, then I/ we shall pay
interest on the amount due as per the law for the time being in force. However, if I/ we fail to
pay any of the installments with interest within 3 months from the due date of the outstanding
installments, the Company shall have the right, at its sole option, cancel/revoke the allotment
and to forfeit the Earnest Money along with other charges like brokerage, late payment charges,
interest deposited by me/ us and applicable taxes, from the amount already paid by me/ us to the
Company. In the event of such cancellation, I/ we shall be left with no right, lien or interest on
the Residential floor and the Company shall have the sole right to sell the Residential floor to
any other person in its sole and absolute discretion.

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11. Save and with the sole exception of the Residential floor Area of the Residential floor to be allottedto
me/us, I/we shall have no proprietary title or interest over any common area, such as lawns,
lobbies and corridors (the “Common Area”). Provided that I/we shall, subject to the payment (to
Company or the maintenance agency appointed by it) of all of maintenance charges, have rights
of use of the Common Area.

However, all such Common Areas and facilities shall remain the property of Company, which
shall be responsible for the maintenance and upkeep of the Common Area, till such time as the
same is transferred/assigned to any other body or association or society of residents of the Project,
in accordance with the provisions of Haryana Apartment Ownership Act, 1983 or any other law
applicable to the Project.

Provided further that any club, swimming pool, open spaces, public amenities, business lounges,
shopping center if any, and all other such facilities and amenities shall not be transferred to such
body or association or society and shall remain in the sole ownership of Company.

I/we agree and acknowledge that the rights under and in relation to the ownership of land(s),
facilities and amenities (including the common areas) shall vest solely with Company and once
the Residential Floor are sold, all the Common Areas and facilities vest jointly in Residential
floor owners and are to be maintained by Residential floor Owners by forming an associationin
terms of the laws laid down by the Haryana Government.

12. (a) Subject to Clause 12 (b) below and subject also to all the applicants/buyers of the
Residential Floor in the Project making timely payment the Company shall endeavor
to complete the development of the Residential Ploton or before 30.06.2023 with a grace
period of 6 (Six)months Residential floor
.

(b) I/We agree and acknowledge that where the handing over of the possession of the
Residential floor is delayed by any reasons beyond the control of the Company,
including (without limitation), Force Majeure and reasons such as delay on the
part of the governmental authorities in granting the necessary approvals for
commencing and completing the development of the Project, then no claim
whatsoever by way of any damages/compensation shall lie against the Company, and
the I/we hereby waive all rights and claims in this regard. Further, where there
occurs any delay in handing over possession of the Residential floor to the Allottee on
account of any of reasons specified under this Clause 12(b), the Company shall be
entitled to a reasonable extension of time for handing over possession of the said
Residential floor.
“Force Majeure Event” shall mean war, flood, drought, fire, cyclone, strike, earthquake
or any other calamity caused by nature or any other event which beyond the control of the
Company or any delay by the government authorities in granting approvals, affecting the
regular development of the real estate project.

(c) Subject to having complied with obligations by me/us including but not limited to timely
payment of the consideration and other charges as per the Payment Plan opted by me/us,
in the event of any willful delay in construction of the Residential floor for reasons
attributable solely to the Company, delay charges would be payable by the Company by
way interest on the amount paid by the Allottee as per the law for the time being in force
till the date when possession of the Residential floor is offered to me/us. Further, all
payments towards the delay charges, as due from the Company, would be adjusted from
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 payments due to the Company from me/us at the time of the final settlement thereof.
Provided specifically that, the Company shall be entitled (without the payment of any
delay charges) to not offer possession of the Residential floor, to Me/us, till all amounts
due and payable by me/us to the Company, as of such date (including all default interest
specified above), have been paid by me/us.
(d) I/we shall take possession of the Residential floor within 30 days from the date of issue of
letter of offer of possession by the Company, failing which I/we shall be liable to pay
holding charges at the rate of Rs. 10/- per month per sq. ft. mtrs of Residential floor
Area for the period beyond 3 months till actual date of possession.
Further not withstanding what is mentioned above, in the event of my/our failure to take
possession for any reasons whatsoever, I/we shall be deemed to have taken the possession
of the Residential floor on expiry of 30 days of offer of possession being made by
Company (to me/us, and I/we shall be liable for the payment of maintenance chargesor
any other taxes, levies, outflows leviable or applicable in relation to the Residential floor.

(e) I/we shall, after taking possession or deemed possession of the said Residential floor,
as the case may be, or at any time thereafter, have no objection to Company
undertaking development of or continuing with the development of the Project or other
Residential floor adjoining the Residential floor sold to me/us.

(f) I/we shall be entitled to take possession of the Residential floor only after all the
amounts payable in respect of the Residential floor are paid and the execution by
me/us of the tripartite conveyance deed with the Company (“Conveyance Deed”) in
respect of the said Residential floor and due registration of the same with the Sub-
Registrar concerned.
(g) I/we agree and acknowledge that upon taking possession of the Residential floor
as provided herein, I/we, shall have no claim against Company as to any item of
work, materials, installations etc. in the said Residential floor or on any otherground
whatsoever, and I/we waive all rights and claims in relation to the same.

13. (a) That subject to clause below, at any time prior to the execution of the Conveyance Deed,
I/we may nominate a third party and may get the name of my/our nominee substituted in
my/our place, subject to the prior approval of Company and on clearing all dues till that
date to Company; Company, may at its sole discretion, permit such
substitution/nomination on such conditions as they may deem fit and proper, and in
accordance with the guidelines issued by any Governmental Authority, if any, in this
regard.
(a) All applicable administrative transfer charges for such substitution/nomination (as
prescribed by Company), together with any applicable taxes, dues or duty leviable under
any law for such substitution/nomination will be to the sole account of and be payable by
me/us, prior to such substitution/nomination. It is hereby clarified that any change in
my/our name (including all additions/deletions) shall be deemed as substitution for the
purpose of this booking.
14. Upon completion of the Project, the Company, subject to the payment of the entire consideration
and other charges and dues (including but not limited to taxes) made by me/us to the Company as
per the Payment Plan, shall execute the Conveyance Deed in my/our favour for sale of the
Residential floors as per the rule, regulations, bye-Laws and other applicable regulations of
theGovernmental Authority. All costs expenses pertaining to the execution of the Conveyance
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 including inter alia, payments towards applicable Taxes, stamp duty, registration charges,
administrative charges etc. shall be borne and paid by me/us.

15. I/ We understand that once submitted, this Application for Booking cannot be revoked by me/ us
and in the event I/ we withdraw our Application for Booking or if I/ we do not accept the
allotment made by the Company on my/ our Application for Booking or I/ we do not execute the
Agreement for Sale within the time stipulated by the Company for this purpose, then my/ our
entire Booking Amount including the Earnest Money shall be forfeited by the Company and I/ we
shall be left with no right, interest, claim or lien on the said proposed Residential floor or
its booking or otherwise on the Company in any other manner whatsoever.

16. I/we shall not do or permit any person to do the following acts.

(a) To close or in any manner obstruct or restrict the use of the common passages or
common corridors or any other Common Areas.

(b) To put up any name or signboard, publicity or advertisement material outside the allotted
Residential floor or anywhere in the common areas without prior (written) permission
of Company or the designated maintenance agency.

(c) to make noise pollution by use of loudspeaker or otherwise and/or throw or accumulate
rubbish, dust, rages, garbage or refuse, anywhere save and except at areas/places
specifically earmarked for the purposes in the Project.

17. The said Project shall always be known as "Ace Palm Floors" and the name of the project shall
not be changed by any association or society of the Residential floor Owners or any other
person(s). Further, at all times, the name of the Project shall always be displayed at a prominent
place in the Project. The copy right/trade mark/property mark and all intellectual
property,(whether registered or not) shall always remain and vest with the Company, and no
person, including but not limited to the association/society shall have any claim or right of any
nature whatsoever on the said intellectual property.

18. Any delay or indulgence by Company in enforcing the terms of this Booking or any forbearance
or giving of time to me/us shall not be construed as a waiver on the part of Company of any
breach or non-compliance of any of the terms and conditions of this Booking by me/us nor shall
the same in any manner prejudice the rights of Company.

19. I/we shall prior to taking over possession of the Residential floor, shall also enter into and
execute a separate agreement (the “Maintenance Agreement”) for upkeep and maintenance
of the common areas and services and facilities in the Project (as specified in the said
agreement), with such entities as maybe specified by Company.

20. I/we shall pay the maintenance charges for upkeep and maintenance of various common services
and facilities (excluding internal maintenance of the Residential floor) in the Project as
determined by Company or its nominated agency (as maybe specified under the Maintenance
Agreement).

21. The layout plan of the entire Project as drawn by Company is tentative and is subject to change, if
deemed necessary by Company or as may be required by any Governmental Authority from time
to time.

22. The Company shall, including where so required by any Governmental Authority, be entitled at

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 its sole discretion to make suitable alterations in the layout plan, including inter alia towards a
change in the area of the Residential floor and the number of Residential floor in the Project, the
location and increase/decrease in the number of car parking slots in the Project or allotted to the
Applicant(s). In regard to all such changes deemed necessary by Company and/or its architects,
the opinion of Company and/or Company’s architects shall be final and binding on the
Applicant(s).

23. In the event that there is any increase/decrease in the Residential floors Area of the Residential
floor or an Residential floor becomes preferentially located as a result of the alteration of the
layout plan for the Project, the revised price and/or preferential location charges shall be payable/
adjusted in respect of the Residential floor at the original price at which the Residential floor has
been applied for by the Applicant(s) and booked for allotment by Company.

24. I/we shall be, together with the allotment of the Residential floor, also provided the right to use car
parking space (in the area of the Project reserved for this purpose). The Company may give the
right of such use of the car parking space(s) in favour of me/us on such terms and conditionsas
may be stipulated by the Company, from time to time.
I/we shall not have any ownership rights over the said parking space, and further that the right of
use of the said car parking space shall attach to the Residential floor and be stand automatically
transferred along with the transfer of the Residential floor (to the transferee ofthe Residential
floor).

25. I/we agree and clearly understand that no transfer/resale of the said Residential floor by way
of nomination or otherwise shall be permitted at any time prior to the receipt of the First
Three installments as applicable by the Company. However, in case any such transfer is
permitted by the Company, at its sole discretion, the Company may charge such administrative
charges as may be decided by the company, from time to time, from the applicant/
transferee for any such transfer/ resale of the Residential floor.

26. I/we may at their option raise finances or a loan for purchase of the Residential floor,
after obtaining of the no-objection certificate from the Company.
Provided however, it shall remain my/our sole responsibility to ensure sanction of the loan and
disbursement of the same as per the Payment Plan opted for by me/us. In the event of any default
or delay in making of applicable payments to Company, including inter alia where the same is
attributable to any non-disbursement, rejection or delay in the loan taken by me/us, Company
shall be entitled to take recourse to all remedies available under applicable law, Agreement for
Sale including inter alia to terminate the Application.
I/we agree that The Company shall have the first lien and charge on the said Unit for all its dues
and other sums payable by the applicants to the Company and also the Company shall have the
right to raise finance/loan from any financial institution / bank by way of mortgage / charge /
securitization of receivables of the Said Residential floors subject to the Said Residential floor
being free of any encumbrances at the time of execution of conveyance deed. The Company /
financial institution / bank shall always have the first lien / charge on the s maid Residential floor
for all its dues and other sums payable by me/us or in respect of the loan granted.
I/we shall be required to provide and register my/our complete residential address with Company
at the time of booking. Further it shall be my sole responsibility to inform Company of all
subsequent changes in my/our address, through the means of a registered letter, failing which all

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 demand notices and letters posted at the earlier registered address shall be deemed to have been
received by me/us at the time when those should ordinarily reach the address specified by me/us
at the time of the booking for the Residential floor. Further, at no time Company shall be
required to undertake any inquiry in relation to the veracity of any address provided by me/us and
further that I/we shall be responsible for any default under this Booking, the Agreement for Sale
or under applicable laws, as may arise from their providing of an incorrect address or non-
updation/ non-amendment of such address(es).

27. I/we, being having NRI status or being foreign nationals shall be solely responsible to comply
with the necessary formalities as laid down in Foreign Exchange Management Act, 1999 and/or
any other statutory provisions governing this transaction which may inter-alia involve remittance
of payments/considerations and acquisition of immovable assets in India. Company shall not be
responsible towards any third party making payment/remittances on my/our behalf and such third
party shall not have any right over the Booking of the said Residential floor. In case any
such permission(s)/approval(s) is ever refused or subsequently found to be inconsistent
with the statutory requirement, the amount paid towards Booking will be refunded by
Company after retaining the Earnest Money and deduction of taxes, charges etc. without any
interest and the Booking shall stand cancelled forthwith. I/we agree that Company will not
be liable in any manner whatsoever in this regard.

28. The Company and I/we both agree that all payments (including towards interest) towards, losses,
delays, and under this Booking shall be a genuine pre-estimate of the damages or losses likely to
occur.
I/we agree and understand that if the FAR is increased beyond the current applicable FAR by the
Government Authority, the Company shall have the exclusive right and ownership on the
additional FAR beyond the current applicable FAR. The Company shall have the sole discretion
and right to utilize the additional FAR, including but not limited to constructing additional
buildings in the Said Project as per the approvals granted by the Governmental Authorities. I/we
further agree and confirm that on such additional construction by use of additional FAR, the
additional construction shall be the sole property of the Company, which the Company shall be
entitled to dispose of in any manner it chooses without any interference from me/us. The
Company shall be entitled to get the electricity, water, sanitary and drainage systems of the
additional constructions thereof connected with the already existing electricity, water, sanitary
and drainage systems in the Said Project. I/we acknowledge that I/we have not made any payment
towards the additional FAR and shall have no objection to any of such construction activities
carried on the Said Building/ Said Project.

29. I/we agree and acknowledge that the general terms and conditions as set forth hereinabove in this
Application for Booking are only illustrative and not exhaustive and may be altered or varied at
any time by the Company. Further, notwithstanding anything contained herein, the Company
reserves the right to suitably amend the terms and conditions as specified herein, where deemed
so necessary.
I/we shall indemnify and keep the Company, directors, its agent, representatives, employees,
estate and effect indemnified and harmless against the payments and observance and performance
of all the covenants and conditions and any loss, damage or liability that may arise due to non-
payment, non-observance or non-performance of the said covenants and conditions by me/us as
mentioned in the Application and Agreement

30. In case the Company abandon the said Project for reasons attributable solely to the Company, the

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 Company shall refund the entire amount (excluding taxes) paid by me/us along with the interest
at the prescribed rates as per the law for the time being in force upon compliance of necessary
formalities by me/us. However, if the Company is forced to abandon the said Project due to force
majeure circumstances or for reasons beyond its control, the Company shall refund the amount
paid by me/us without any interest within a period of 120 days from the occurrence of such event
upon compliance of necessary formalities by me/us.

Further, I/we agree and acknowledge that in the event that Company is unable to allot the
Residential floor applied for, Company shall only be required to consider allotment ofan
alternative Residential floor or refund the amount deposited by me/us along with interest at
the prescribed rates as per the law for the time being in force upon, and shall not be liablefor
any other damages/compensation on account of such inability (on the part of Company) to
provide the Residential floor applied for by me/us.

31. In case applicant(s) have applied for aforesaid Residential floor through their dealer/broker
then the applicant(s) shall be liable and responsible for any action/inaction of dealer in
respect of aforesaid Residential floor, and shall not hold the Company responsible for the same.

32. All or any disputes arising out or touching upon or in relation to the terms and conditions of the
Application, including the interpretation and validity of the terms thereof and the respective rights
and obligations of the parties, shall be settled amicably by mutual discussion, failing which the
same shall be settled through arbitration. The arbitration proceedings shall be governed by the
Arbitration and Conciliation Act, 1996 or any statutory amendments/modifications thereof for the
time being in force. The arbitration proceedings shall be held at an appropriate location in
Gurugram by a sole arbitrator, who shall be appointed by the Company and whose decision shall
be final and binding upon the parties. I/we hereby confirm that I/we shall have no objection to
this appointment by the Company. It is understood that no other person or authority shall have the
power to appoint the arbitrator.

33. The Courts at Gurugram alone and the Punjab & Haryana High Court at Chandigarh alone shall
have the jurisdiction.

I/We have fully read and understood the above-mentioned terms and conditions and agree to abide by the
same.

Sole/ First Applicant Second Applicant

Date:
Place:

Page 14 of 14
NOTES:
NOTES:
 Corp. Off.; Ace Studio, Plot No. 01B, Sector--126, Noida (U.P) • T:
0120-2487200/300/400/500
2487200/300/400/500 E: [email protected] • www.acegroupindia.com

Toll Free: 1800 11 9999 • sms ACE to 56070

03-2021