Sales Commission Agreement

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RSL/MKTG/2013-14/

July 30, 2013

M/s Kapil Associates

14/1 Nerul Road

Navi Mumbai – 445 001

Attn : Mr Amit Jain

Dear Sirs,

This has reference to our discussion, we hereby appoint you as our Commission Agent for procurement order for our product in Compact-cum-bench (Duel Desk) project on our behalf as per the following terms and conditions :

1)     You shall collect order from rate contract holder of Export Promotion and Marketing, Mumbai for Compact-cum-bench for our product, Pre-laminated Particle Board, One Side Laminated with Decorative Paper having Decor Navi Blue and Other Side with Barrier Paper as per IS 14798, thickness 18mm at the rate Rs. 75.50 per Sqr.ft. plus Tax extra.

You shall not collect order directly from Export Promotion and Marketing or any other Government Organisation.

2)     You shall collect payment in advance from the parties in our favour and remit the payment along with order procured by you.  As this will be a special size order, we shall not accept any order until and unless 100% payment is made in advance along with the Sales Tax Declaration Form.

3)     Materials will be delivered within 30 days from the date of receipt of confirmed order alongwith payment and Sales Tax Declaration Form.

4)     You shall not commit any rate or delivery schedule without our prior consent except as mentioned above.

5)     You shall be responsible for collecting Sales Tax Declaration Form from the party and your commission shall not be paid until and unless Declaration form are collected.

6)     We shall pay you commission @ Rs.1.50 Paise per Sqr.ft. for above services after receipt of payment and collection of necessary Declaration form from the parties. You shall not get any commission on order related to Compact-cum-bench directly placed by Export Promotion and Marketing, any other Government Organisation or any Rate Contract Holder of Export Promotion & Marketing on us.

7)     The commission payable to you is subject to deduction of tax at source as per Income Tax Act.

8)     Any dispute arising shall be subject the Delhi jurisdiction.

You are requested to please accord your signature on the duplicate copy of this letter as a token of your acceptance of our aforesaid terms and conditions and return back to us.

Thanking you,

Yours faithfully,

For ROCKET SALES LTD.

NEETU SINGH

GM – COMERCIALS