THIS AGREEMENT OF DEVELOPMENT AND ALLOTMENT is entered into on this the th day of .................., 2012 BY

(a)

M/s Wild stead Cultural Village Resort, having main office at 3/34,  East Fort P.O, Paravattani, Thrissur District, Kerala State, India and having branch office at Vettukadu, Keezhe Gudalur, Theni District, Tamilnadu,  a proprietary concern of  Martin Sebastian, aged 47, S/o Late M.K.Sebastian, Citadel House, C Nagar, Nadathara P.O., Thrissur, Kerala State (hereinafter referred to as the Development Institution)

(b)

................................................................................................... .................................................................................................................. .................................................................................................................. .................................................................................................................. (hereinafter referred to as the allottee) The proprietor of the development institution is in total dominion control and management of properties having a total extent of 270 acres approximately which properties are in the actual physical possession of the properties who is cultivating the same. and which property is described in the schedule-A hereunder and referred to as the A schedule property and WHEREAS taking into consideration the nature of the property, its proximity to natural habitat of wild life and other biodiversity, the proprietor of the development institution has envisaged a plan to develop the schedule A property into a cultural village which project envisages a peaceful life of the customers in a serene and tranquil atmosphere with the nature, wild life and natural forest’s atmosphere which is rare in the present day world and which is extremely essential for businessmen and other executives who are facing stress and strain on account of occupation and the proprietor of the development institution has a prepared a layout master plan whereby he has divided the schedule properties earmarking separate space for putting up villas for human dwelling, (which is to be constructed by the proposed purchaser/allottee at his own expense, cost and machinery without affecting the general plan and layout), amusement park, cultural village, watch tower to enjoy wild life, farms for vegetable cultivation, 3 Star Resort with bar facility and all other connected amenities like Spa, Gymnasium, swimming pool, 24 hours cafeteria, space for indoor games, bullock cart raising area which is novel and unique in itself which features are disclosed in the master plan an appended herewith and WHEREAS, the development institution, is desirous of offering the villas sites to persons all over the world in a global market manner and whereas the allottee has noticed the programme and proposal of the development company and having gone through the master plan and the project details has discussed the matter with the authorised representative of the development institution and has decided to purchase villa site which is more particularly described in the B scheduled hereunder on the following

(a)

The allottee hereby contracts to purchase and the development institution hereby agrees to sell plot No.......... earmarked in the master plan and which is more particularly described in the B schedule hereunder for a total consideration of Rs.15 lakhs. .

(b)

The allottee has already paid a sum of Rs.25,000/- INR equivalent to .................. on ........................at the time of provisional consent being signified by the development institution for allotment of one plot. .

(c)

Over and above the sum of Rs.25,000/- (INR) which is referred to in term b, on the date of execution of this agreement, the allottee has paid a sum of Rs.2.75,000/- (INR) making a total advance amount of Rs.3,00,000/- (INR) equivalent to .................

(d)

The balance amount of Rs.12,00,000/- (INR) has to be paid in 36 installments of Rs.33,333/- (INR) with the Ist installment to be paid on or before ..............2012 and the subsequent installments to be paid on the first of every succeeding month.

(e)

Under no circumstance, the allottee will be permitted to pay the installments in lump. The 36 months period is so stipulated taking into account the time required for the other development process to be completed.

(f)

If, any of the installments amounts are defaulted, the development institution will have the right to claim interest at the rate of 18% per annum on the defaulted amount. If, two consecutive defaults are occasioned, the allottee will loose all rights which he gained by virtue of this agreement upon the B schedule plot.

(g)

The allottee apart from the right to on possess and put up villa in the B schedule will have a right of enjoyment over the common amenities and common facilities provided which are referred to supra on payment of appropriate contribution/fees.

(h)

The allottee has to put up the villa/homestead in the B schedule without affecting the common amenities and common features and without causing any damage to the internal roads put up by the development institution and also without causing any inconvenience or difficulty to the adjacent plot owners.

(i)

The permission and licenses for general development of the entire plots (in relation to the common features will be taken by the development institution in its own name from the local authority and from all other authorities. However, for the purpose of putting up village/homestead upon the C schedule, it will be the duty and responsibility of the allottee to take such permissions from the concerned authorities at their costs and expenses. However, necessary advices will be given by the development company on payment of separate fees for this purposes.

(j)

The entire construction activity upon the alloted plot will have to be commenced, carried out and completed by the allottee himself at his own expenses and costs and burdens. However, in the event of advices being sought, the development institution will render such advices and assistance on payment of separate fees and expenses to be decided between the parties.

(k)

The responsibility to develop the common areas and common amenities will only be that of the development institutions under no circumstances, allottee will be permitted to undertake such works or repairing works if found necessary. However, in the event of any draw back or short coming being occasioned to the common amenities and common areas, the allottee will have a right to point out the same to the development institution and the development institution will have to carryout and fulfill the same in their own discretion and costs.

(l)

In the event of the development company failing to perform any or all of the obligations mentioned supra, it will be open for the allottee to approach the jurisdictional court to enforce the terms of this agreement and the matter has to be decided in accordance with the decision of the jurisdictional court.

(m)

On the culmination of the payment of all the installments, the development institution will have to execute a proper deed of conveyance at the cost and expenses of the allottee. The deed of conveyance will have to be registered with the jurisdictional sub registry office in accordance with the local laws prevailing in the locality.

(n)

In the event of the allottee failing to perform his/her obligations under the agreement of payment of money, the allottee will loose all rights which is conferred on him/her under this agreement and no circumstances the amounts already paid will be returned to the allottee.
SCHEDULE A
----270 Acres of property comprised in Sy.No.2031/1, 1946, (Re-Sy.No.1946/1), 1920, 1923/1, 1896, 1897, 1899, 2005, 1912/4, 1901/1, 1900, 2006, 2030/2, 2049/1, 2000/2 B, 2001/1, 2002/1, 2000/1, 2031/2, 2043, 2006/1, 2007/2, 1908, 2158/4, 2004/1, 1996/1, 2032, 1994, 1907, 1908, 2013, 1999/1, 2004/2, 2045/5, 2011, 1921/4, 2045/8, 2156, 2006, 2005, 2006/3, 2048/1, 2048/2, 2016, 2017, 2154/1, 2028/1, 2157/3, 1907, 2021, 2017, 2047, 1939, 1973, 1944, 1915/2, 1896, 1897, 1899, 1915/1, 2011, 1990/2, 2158/7, 1925, 2031, 1894, 2005, 1991/1, 2005, 2001/2, 2156, 1894, 2018, 2030/1, 1912/5, 1912/7, 1913, 1907, 2035/1, 1970, 1991/1, 1991/2, 1992/1, 1992/2, 2031/1, 1923/1, 1926/2, 1914/1, 1904/1, 2033/2, 2007/1B, 2020, 2023, 1903, 1923/2A,1, 1945, 1946, 2003, 1894/3, 1926/3, 1926/4, 1923/2C, 1923/2B, 1912/3, 2000/2, 1973, 2004/1A, 1945, 2045/3, 2159/2B, 1924, 1914/2, 1906, 1918, 2045/6, 1898, 2012, 1914/1, 2007/1, 2007/3, 2033/2B, 1919, 1921/2, 2158/8, 2160/2, 1935, 2000/2A, 1925/3, 2049/2, 2158/3, 1905, 1925, 2045/3, 1902, 2019/1, 2022, 2156, 1925/2, 2009, 2010, 2047, 2019/2, 2158/7, 1905, 1926/1, 1972, 2158/5, 2158/6, 1999/1, 1922, 2008/1A, 2160/3, 2159/1, 2017, 1971, 1995, 1997/1, 1997/2, 2165, 2167/1, 2167/2 of Keela Gudallur village, Uthamapalayam Taluk, Theni District, Cumbum Sub District, Tamilnadu State.
SCHEDULE- B
Plot No............. having an approximate area of 50 cents which forms part of the A & B Schedule and which is earmarked as villa/homestead site in the master plan prepared by the Development Institutions. Having agreed as above, the parties have subscribed their signatures to this agreement on the date first above written. It is further reiterated that the signatories to this agreement are competent to enter into this agreement and has assured each other about the same.
FOR DEVELOPMENT    INSTITUTION ALLOTTEE    Martin Sebastian
Witnesses:

1.





2.