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AGREEMENT TO SELL THE CAR

THIS CAR SALES AGREEMENT, made on the 8th day of August 2008, at Lahore
between Mr.REHMAN, S/O Iqbal Javed, R/O Al - Maqsood Hamilton Road ,street
no.02, Lahore. CNIC # 3545-4772-02. (Hereinafter called SELLER) (Which
expression shall where the contents so admits include its successor and
assigns of the one part).
AND
Mr.MALIK, S/O Mr. Akram, R/O Hall Road, Block –A, street no. 02, Lahore. CNIC
#:3325-4752-02. (Hereinafter called BUYER) (Which expression wherever the
context so permits shall mean and include their legal heirs, successors,
administrators, attorney, nominees and representatives, assigns).

WHEREAS
The Seller desires to sell the car described below, known herein as the "Acquired
Car", under the terms and conditions set forth below;
WHEREAS, Buyer desires to purchase the Acquired Car offered for sale by Seller
under the terms and conditions set forth below; and, therefore,

TERMS AND CONDITIONS

IN CONSIDERATION of the mutual promises and other valuable consideration


exchanged by the Parties as set forth herein, the Parties, intending to be legally bound,
hereby agree as follows:

DESCRIPTION OF ACQUIRED CAR

♦ Make: AMC
♦ Model: Corolla
♦ Body Type: 2 doors
♦ Body Color lime green
♦ Year: 2008
♦ Miles: 72,000
♦ Car Identification Number: ("LHR 8099")
♦ Extras: Moon roof and 8 tracks
CONSIDERATION:
The total purchase price to be paid by Buyer to Seller for the Acquired Car is Rs.
2,00,000/-(hereinafter "Purchase Price") consisting of the following components:

• Down-payment: Rs. 100,000 (Due to Seller on or before execution of this


agreement.)
• Payment Due At Delivery of Car to Buyer: Rs. 20,000

DELIVERY OF ACQUIRED CAR AND CONVEYANCE OF TITLE:


Seller shall deliver the Acquired Car, and Buyer shall take possession of same, at Seller's
premises (either in person or through a third party) on or before 15−08−2008 ("Delivery
Date"). If delivery is to be made at a date after the execution of this contract, it is Seller's
duty to ensure that the Acquired Car is delivered in the same condition as when last
inspected by the Buyer (or, if no Buyer inspection, the execution date of this
agreement).However, if Buyer fails to appear at Seller's premises on or before the Delivery
Date to accept possession of the Acquired Car, then risk of loss passes to the Buyer on the
Delivery Date.

Conveyance of Title:
Seller shall convey title to Buyer upon delivery of the car to Buyer. Seller agrees and
covenants to execute all documents presented by Buyer which are necessary to finalize
transfer of title and registration upon the Acquired Car to Buyer.

REPRESENTATIONS, WARRANTIES, AND DISCLOSURES:


This car is sold "AS IS", and Seller does not in any way, expressly or impliedly, give any
warranties to Buyer. Seller expressly disclaims any implied warranties of merchantability or
of fitness for a particular purpose

BUYER'S RESPONSIBILITY & INSURANCE AND TAGS:


Buyer acknowledges that unless prohibited by applicable law, any insurance coverage,
license, tags, plates or registration maintained by Seller on the Acquired Car shall be canceled
upon delivery of the Acquired Car to, and the acceptance of, by Buyer.
INDEMNIFICATION OF ATTORNEYS FEES: Should any party materially breach this
agreement (including representations and warranties made to the other side), the non-
breaching party shall be indemnified by the breaching party for its reasonable attorneys fees
and out-of-pocket costs which in any way relate to, or were precipitated by, the breach of
this contract (including the breach of representations or warranties). This provision shall not
limit in any way the remedies

IN WITNESS WHEREOF and acknowledging acceptance and agreement of the foregoing, Seller
and Buyer affix their signatures hereto.

Signed By:

Mr. REHMAN, S/O Iqbal Javed,


R/O A l- Maqsood Hamilton, Street
(SELLER)
no.02, Lahore.CNIC #.3545-4772-02

Signed By:

Mr.MALIK, S/O Mr. Akram R/O


Hall Road, Block A, Street no.02,
Lahore.CNIC#3325-4752-02. (BUYER)

In the presence of

Mr. ZAHID (Manager of the


Muslim Bank)
No.6587485 (WITNESS)

In the presence of;

Mr. Masood (Deputy Manager)


No.6785412 (WITNESS)

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