DEED OF CORRECTION OF HIRE PURCHASE AGREEMENT





This deed of rectification made this …… day of ……… between …… ELH Ltd, …., the owner, Transport Co. Ltd., …. the hirer and Mr. …… the guarantor.

Whereas by express Hire Purchase Agreement as dated …… and made between the ELH Ltd. called named the owner One Part and the Transport Co. Ltd., ….therein called the hirer of the Second Part and Mr. ….of …. therein called the guarantor of the Third Part it was inter alia consented between the parties that the owner shall buy the Jeep detailed in First Schedule thereunder written and shall let to the hirer and the hirer shall take on hire the said Jeep as may be available after he bought thereof and in the First Schedule included.

One CJ 4A/4 WD. "Jeep Universal" with Petrol Engine, 6 Ply tyres.

and whereas the cost of the aforesaid item has been amended due to change in Machinery or increase in other charges it is compulsory to correct said Agreement so as to include therein the revised figures in various clauses of the Agreement.

Now it is consented between parties herein above.

(1) In clause 1of hire Purchase covenant dated ……..the total cost of machinery namely Rs. 2,55,000 should be replaced by total cost of Rs. 2, 80,000 and similarly in cl. 2, the sum of Rs. 51,000 should be replaced by Rs. 60,000 and shall be considered always to have been replaced .

(2) Subject to said alterations in the express agreement dated……shall be fully enforced and effective and shall be construed and read as the terms of these presents were inserted therein due to replacement or correction.

In witness whereof these presents have been executed by the parties herein this the day of ………..

Signed sealed and delivered by Mr……….pursuant to Board Resolution dated…..of Transport Co…Ltd. In the presence of

Signed sealed and delivered by Mr……the Guarantor in the presence of.

Signed sealed and delivered by Mr……pursuant to Board Resolution dated……of ELH Ltd. In the presence of.