COLLABORATION AGREEMENT

This collaboration Agreement is made at Faridabad, on this 5th day of

May, 2025, between: -
Mr. Gaurav Khurana (Aadhaar No. 2998 1130 2301 & PAN No. ANBPK1093P) son of
Shri Ghanshyam Khurana Resident of Flat No. 001 B4 RPS Savana, Sector
88, Faridabad, Haryana-121002, India (hereinafter called ‘The Owners’.
which expression shall mean and include their legal heirs, successors,
legal representatives, administrators, executors, nominees and
assigns) AND

M/s AARAY INFRACON PVT. LTD. (PAN N0. ABACA9222C) Adress

B3 001 RPS Savana Sector 88 Faridabad Haryana -121022 India
(hereinafter called ‘THE DEVELOPER’ which expression shall mean and
include its successors, legal representatives, administrators, executors,
nominees and assigns).

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Whereas by virtue of freehold property in respect of a Residential Plot
bearing Plot No. 031, Pocket-C, [LX/C/031/P], Sector:89, admeasuring
357.12 Sq. Yards or 298.60 Sq. meters Approximately, situated in
"Amanvilas", Jasmine Court, Pocket-C, Sector-89, FARIDABAD,
Haryana, (hereinafter referred to as ‘THE SAID PLOT OF LAND’) vide
CONVEYANCE Deed dated 5-09-2023, duly registered as Document No.
5611, in Add. Book No. I, in the office of the Sub-Registrar, Sector 12,
Faridabad, Haryana, and bounded as under: -

East by - PLOT NO. C-030,

West by - PLOT NO. C-032,

North by - GATE AND 12M. WIDE ROAD &

South by - PLOT NO. C-014 AND C-12A

AND WHEREAS the Owners have further represented & holdout that
the Owners are the absolute and exclusive Owners of the said property
and well and sufficiently entitled to the Freehold rights in respect of
the said Residential Plot No. 031, Pocket-C, [LX/C/031/P], Sector:89,
admeasuring 357.12 Sq. Yards or 298.60 Sq. meters Approximately,
situated in "Amanvilas", Jasmine Court, Pocket-C, Sector-89,
FARIDABAD, Haryana, situated in the revenue estate of Sector 89, and
District Faridabad, Haryana and the owners have full rights, absolute
authority to sell, dispose off and transfer and go to collaboration the
same in any manner the Owners likes.

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AND WHEREAS the Owners are desirous to get the said property
constructed:

Residential Plot No. 031, Pocket-C, [LX/C/031/P], Sector:89,

admeasuring 357.12 Sq. Yards or 298.60 Sq. meters Approximately,
situated in "Amanvilas", Jasmine Court, Pocket-C, Sector-89,
FARIDABAD, Haryana,

1. The Developer who has sufficient experience in constructions.

2. They approached the Developer to develop the said property for
and on behalf of the Owners at Builder’s cost.

AND WHEREAS the Developer is engaged in the business of

promotion, development and construction of real estate and is well
established in this business for the last many years.

AND WHEREAS the Owners have represented that the said property
is free from all sorts of encumbrance charges, liens, claims, lease,
prior agreements and except the Owners no other person has any
right, title or interest in the said property in any manner whatsoever
and the Owners have full power and authority to enter into this
agreement.

That the Owner hereby further assures, represents and covenants

with the Developer as follows: -

a) That the said property is free from all kinds of encumbrances

such as prior sale, gift, mortgage, disputes, litigation,
acquisition, requisition, attachment in the decree of any court,
lien, court injunction, notices, claims, demands, will, Trust,
Exchange, lease, loan, surety, security, stay order, prior
agreement to sell etc.

b) That there is no order of attachment by the Income Tax

Authorities or any other authorities under law for the time being
in force or by any other authority nor any notice of acquisition
or requisition has been received in respect of the said property.

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 c) That there is no legal impediment or bar whereby the Owner
can be prevented from selling, transferring or entering into any
contract with any person or persons.

d) That there is no notice of default or breach on the part of the

Owner or his pre-decessors in interest of any provisions of law in
respect of the said property.

e) That the Owner is in exclusive possession of the said property

and no other person or party has any right, title, interest or
share therein.

f) That the said property is not subject matter of any HUF and that
no part of the said property is owned by any minor.

g) That there are no reservations affecting the said property and

the said property falls within the residential zone and there are
no impediments in carrying out construction thereon.

That in case any of the representations/assurances made by the Owner

is found to be untrue and/or if the whole or any portion of the said
Developer’s Allocation (fully described below) is ever taken away or
goes out from the possession of the Developer on account of any legal
defect in the ownership and title of the Owner, then the Owners will be
liable and responsible to make good the loss suffered by the Developer
and shall keep the Developer saved harmless and indemnified against
all such costs, damages losses, suffered by the Developer, from his
properties.

AND WHEREAS the Owner and the Developer have agreed to develop,
construct and build a fresh building on the said plot of land, hence this
agreement has been mutually entered and executed between the
Owners and the Developer, on the terms and conditions, appearing
hereinafter.

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NOW THIS COLLABORATION AGREEMENT WITNESSETH AS UNDER:
That the Subject matter of this Collaboration of this Agreement
between the parties is the existing property plot of land bearing No.
Plot No. 031, Pocket-C, [LX/C/031/P], Sector:89, admeasuring 357.12
Sq. Yards or 298.60 Sq. meters Approximately, situated in
"Amanvilas", Jasmine Court, Pocket-C, Sector-89, FARIDABAD,
Haryana,
That the Developer shall develop, construct and/or build a building
consisting of (Stilt Parking for parking purpose, First Floor,
comprising of 4 BHK, Second Floor, comprising of 4 BHK, Third
Floor, comprising of 4 BHK and Fourth Floor, comprising of 4
BHK with terrace), at its own costs and expense, after getting the
building plans sanctioned from the authorities concerned. As per
specifications annexed with this agreement as annexure.

That the Developer shall develop, construct and complete the building
at its own costs and expenses approvals for development construction
and completion of the said building on the said plot at Developer’s
cost.
The Developer agrees to prepare building plans in accordance with the
building bye-laws as applicable on the said property or as may be
prescribed by the authority or authorities concerned with the
development on the said property from time to time and as agreed
between the Owner and the Developer. The Developer shall make its
full efforts for obtaining permission for the maximum area to be
covered on the said property, including area allowed with penalty. All
the fees/payment and expenses incurred in the matter of sanctioning
of plans will be borne by the Developer. However, Developer shall get
approval of Owner before submitting plans to authorities for approval.
The Owner has authorized the nominee of the Developer along with
General Power of Attorney, to apply for necessary sanctions and
permissions, approvals to the authority or authorities concerned and
shall also pursue and co-operate with the Developer in obtaining such
or all other permissions, approvals as may be necessary or required for
ensuring the due execution of the proposed work of development and
construction of the proposed building.

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That the Owner in accordance with the terms and conditions, herein
recorded, have placed at the complete disposal of the Developer, the
vacant physical hereof, the possession of the said property shall
irrevocably, vest in the Developer, with all the powers and authorities
of the Owner as may be considered necessary by the Developer for
obtaining the requisite permissions, sanctions from the concerned
authorities for demolition/re-construction of the proposed building and
for the sale of the Developer’s share (fully defined below).

That the Owner and the Developer shall have proportionate rights in all
common entrances, passages, staircases, and all other common
facilities and amenities provided in the proposed building.

That the Developer shall engage and employ the Architect or

Architects and structural engineer of repute at its own costs, expenses
and responsibilities for preparation, submission and obtaining
approvals for developing, promoting, constructing and completing the
said building on the said plot of land. The Developer shall for and on
behalf of and in the name of the Owner apply to the Faridabad
Development Authority or such other authorities, as may be
concerned, in the matter of permissions, sanctions, and approvals for
the construction on the said plot of land.

That the entire amount required for carrying out construction,

development, completion of the said building including the charges
and fees of the architect for preparation of the plans and all the other
statutory and other fees and/or demands shall be wholly to the account
of Developer.

That in lieu of the land made available by the Owners to the Developer
for development of the said property, the Owners shall be entitled to:

OWNER’S ALLOCATION
Owners
Entire First Floor and Entire Second Floor without roof rights
out of Plot bearing No. 031, Pocket-C, [LX/C/031/P],
Sector:89, admeasuring 357.12 Sq. Yards or 298.60 Sq.
meters Approximately, situated in "Amanvilas", Jasmine
Court, Pocket-C, Sector-89, FARIDABAD, Haryana,

That in lieu of the Developer developing the property, using its

infrastructural facilities and at its own cost paying the aforesaid
amount to the Owners the Developer shall be entitled to;

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DEVELOPER’S ALLOCATION
Entire Third Floor and Entire Fourth Floor with roof rights out
of Plot bearing Plot No. 031, Pocket-C, [LX/C/031/P], Sector:
89, admeasuring 357.12 Sq. Yards or 298.60 Sq. meters
Approximately, situated in "Amanvilas", Jasmine Court,
Pocket-C, Sector-89, FARIDABAD, Haryana,

That the owners shall keep the said property is free from all such
encumbrances till the duration and complete implementation of this
agreement and thereafter in all respects and do hereby keep the
Developer or its nominee/nominees indemnified on all such accounts.

The Owners shall bear and pay all outstanding charges and dues of
whatsoever nature payable in respect of the said property including
house tax, property tax, maintenance charges, water and electricity
charges and other dues and demands till the date of handing over the
vacant possession of the said property to the Developer and thereafter
the same shall be paid by the Owners and the Developer in respect of
their respective allocations. However, the water and electricity charges
during construction period shall be paid and borne by the Developer.

The Developer and the Owners shall be entitled to sell, transfer,

convey and assign their respective portions to any prospective buyer
and to receive the sale proceeds in respect thereof, in their respective
names, during or after the completion of the construction, without any
objection or hindrance by the other. Further the Developer and the
Owner shall be fully entitled to enter into any Agreement (s) for the
sale/booking of their respective allocations in the newly constructed
building and shall be entitled to accept cash/cheque in their respective
names. Further the Owner hereby agree to confirm, execute or enter
into Agreement, if required by the Developer, between the Owner,
Developer and the prospective purchaser of the portion(s) falling to the
share of the Developer.

The Owner shall execute the GPA and all necessary documents for
giving the flat (s)/portion (s) buyers of Developer’s portions legal title
to their respective flats/portions including their undivided share in the
land underneath, in favor of the Developer.

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That the Developer undertakes to complete the proposed building
within a period of 18 months as same as the Developer’s portions
finishing, from the date of the receipt of the sanctioned plan from the
authorities concerned or from the date of vacant possession from the
Owners to the Developer, whichever is later, subject to FORCE
MAJEURE and further if delay is occasioned for any reason of any act or
legislation or restriction, prohibition or restrained imposed by any
Statutory Body and or Governmental Authority. And if the Developer
unable to complete the construction within stipulated time, then the
Developer will have to pay the penalty of Rs. 500/- per day till the
construction will not be finished accordingly.

This agreement shall neither be deemed to constitute a partnership

between the parties hereto nor be deemed to constitute anyone as the
agent of the other.

That the Owner shall not interfere with or obstruct in any manner with
the execution and completion of work of development and construction
of the said building except inspection of the quality control of work and
correct execution of work in conformity with the approved plans and
shall have the right to visit the property during construction and
ensure implementation of terms and conditions of this Agreement.

That the Owner and the Developer shall themselves be responsible for
all Income Tax and capital gain tax liability arising out of the sale of
their respective allocations in the proposed building.

That the owners/occupants of the said building shall have full rights of
access through staircase to the top terrace at all reasonable times to
get the overhead tank repaired/cleaned etc. That similar conditions
shall apply to underground water tank and booster pump etc.

That the owners/occupants of the said building shall have, as a matter

of right, right to use all common entrances, passages, staircases and
other common facilities as are available in the said building including
lift.

That all the expenses for the execution of the Sale Deed/Conveyance
Deed /Conveyance Deed of the Developer’s Portions including the right
in the land, such as stamp duty, registration charges etc. shall be
borne and paid entirely by the Developer or its nominees.

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That this transaction has taken place at Faridabad and as such
Faridabad Courts shall have exclusive jurisdiction to entertain any
dispute arising out or in any way touching or concerning this deed.

IN WITNESS WHEREOF both the parties have signed this agreement at

Faridabad on the date first mentioned above in the presence of the
following witnesses;

WITNESSES:

1.
OWNERS

2.
DEVELOPER