AGREEMENT CORRECTING THE TERMS OF THE PRIOR AGREEMENT  [CD1] 

 

 

THIS additional AGREEMENT is made and executed  on the _____ day of ______

 

BETWEEN 

 

M/s/Mr……………………………………………………..…….

 a company incorporated under the Companies Act, 1956  and with it

s registered office at ________________________________________________________

 hereinafter referred to as "Transferor" (which expression shall unless contrary to the subject or context, mean and including their heirs and assigns) of the FIRST PART. 

 

AND 

 

M/s. ………………………………………………………………………………………………………………………………………… a company incorporated under the Companies Act, 1956

 and with its Registered office at _____________________________________________,

hereinafter referred to as "Transferee" which expression unless contrary to the context and meaning thereof, shall mean and including its heirs and assigns of the SECOND PART.

 

The Transferor and the Transferee shall after it collectedly referred as the "Parties".  WHEREAS

 this agreement is in additional to Transfer of Technology Agreement made on the ______________ between same parties with same order (after it referred as "the principal deed no. I) with the Joint Venture Agreement dated ________________________, made between same parties (after it referred to as "the principal deed No. II); 

 

AND WHEREAS

 in per clause 6, of principal deed No. I, the royalty amount have a erroneously written as 30% accidentally. 

 

AND WHEREAS

 per clause 13 of the principal deed No. II the ambit of the activities of Transferee has been erroneously written. 

 

AND WHEREAS

 the parties have now consented for rectifying above mistake in principal deed No. I and principal deed No. II per procedure hereinafter stated. 

 

NOW THIS DEED WITNESS

 and the parties hereby consent as follows 

 

1.     That clause 6 of the principal deed No. I shall be altered with royalty be read as ___% and the clause may be read and under stood as below 

 

2.     That clause 13 of the principal deed No. II shall be read and under stood as below: 

 

3.     That as the principal deed No. I, and the principal deed No. II shall fully bind the parties and shall full enforceable and effective. 

 

IN WITNESS WHERE OF,  the parties hereto have signed the agreement on the date first herein before mentioned. 

 

for & on behalf of M/s  for & on behalf of M/s 

 

WITNESSES: 

1. 

 

2. 

 

 [CD1]AGREEMENT CORRECTING THE TERMS OF THE PRIOR AGREEMENT