December 10, 2014

To
Talwalkars Better Value Fitness Ltd,
801, Mahalakhmi Chambers
22, Bhulabhai Desai Road,
Mumbai 400 026
Dear Sir,
We are given to understand that in the existing gyms in Andhra
Pradesh, Telangana, Karnataka and Kerala, you will be introducing
Nuform, Reduce and Zumba studios ( where space is available). We
have also been asked to complete the setup of Nuform and Reduce by
first week of January 2015 as you will be launching the said services.
Along with these modifications, we will be refurbishing the existing
gyms by changing mirrors, carpentary repairs and carpets wherever
necessary.

We will be doing the assessment and liaise with your architects for
working out the quote for the said modifications. As per the
information provided, there are 22 gyms in these four states. We are
confident of executing the contract within the prescribed time limit, if
the same is awarded to us.

We would like to start the work immediately and request you to give us
a lumpsum amount of Rs. 250 lacs. We will provide sitewise bills to
your office duly certified by the architect.
Kindly oblige.
For Sharma Arts
Ram Surat Sharma
Proprietor

WORK ORDER
Date: 8TH DECEMBER 2014
TO,
SHARMA ART,
C/206, MADHUVAN BLDG,
SIMPOLI, GORAI ROAD,
CHIKUWADI, BORIVALI (W),
MUMBAI 400 092
NAME OF THE CLIENT: TALWALKARS BETTER VALUE FITNESS
LTD.
DEAR MR. RAMSURAT SHARMA,
WE WOULD LIKE TO IMPLEMENT NEW BUSINESS FORMAT IN OUR GYMS
AND AT THE SAME TIME CARRYOUT RENOVATION IN SOME OF OUR
GYMS IN ANDHRA PRADESH, TELANGANA, TAMIL NADU AND KERALA .
WE WOULD LIKE YOU TO CARRY OUT THE FOLLOWING ACTIVITIES :
1. SETTING UP CABINS FOR NUFORM STUDIOS
2. CABINS AND RACKS IN REDUCE COUNSELLING ROOMS
3. MODIFICATION IN AEROBIC FLOORINGS TO UPGRADE THEM TO
ZUMBA STANDARDS
4. REPLACE THE DAMAGED MIRRORS IF ANY
5. REPAIRS ON THE GYMFLOOR BY CHANGING RUBBER FLOORINGS
OR CARPETS WHEREVEVER NECESSARY
6. APPLY LUSTER PAINT TO THE WHOLE GYM AFTER THE AFORESAID
CHANGES IN THE GYM
WE ARE PLEASED TO INFORM YOU THAT CONTRACT FOR THE ABOVE
MENTIONED WORK IS NOW AWARDED TO YOU BASED ON THE TERMS &
CONDITION MENTIONED BELOW.

SCOPE OF WORK
1 PAYMENT TERMS:
A. THE PAYMENT TERMS FOR
CONTRACT SHALL BE AS FOLLOWS:

THE

WORK

ORDER

1. Rs. 250 LACS ALONG WITH WORK ORDER ( ESTIMATES TO

BE PROVIDED WITHIN 30 DAYS)
2. 35 % AGAINST CONFIRMATION OF 90% WORK DULY
CERTIFIED BY ARCHITECT
3. 15 %. RETENTION AGAINST COMPLETION OF WORK DULY
CERTIFIED BY ARCHITECT
B. RETENTION AMOUNT: CONTRACTOR HAS TO
FOLLOW SPECIFICATION CHART AND MUST FOLLOW THE SAME.
CONTACTOR SHOULD NOT CHANGE THE SPECIFICATION ON ITS
OWN FAILLING TO WHICH COMPANY HOLDS ALL THE RIGHTS TO
DELAY,
WITHDRAW
ANY
FURTHER
PAYMENTS
TILL
SPECIFICATIONS ARE RECTIFIED AS AGREED UPON. THE CLIENT
MAY RETAIN THE 15% OF THE TOTAL VALUE OF TENDER AS RETENTION
MONEY FOR 6 MONTHS.
2. YOU WILL BE PROVIDED ELECTRICITY AND WATER SUPPLY AT ONE
POINT NEAR YOUR WORK PLACE FREE OF COST FOR YOUR WORK.
TAKING SUPPLY TO YOUR WORK PLACE, LYING INTERNAL WIRING
CABLING WILL BE YOUR RESPONSIBILITY.
3. SECURITY ARRANGEMENT: YOU HAVE TO PROVIDE YOUR OWN
SECURITY ARRANGEMENT AT SITE.
4. PERIOD OF COMPLETION: YOU HAVE AGREED TO COMPLETE THE
ENTIRE WORK WITHIN 60 DAYS. THE DATE OF COMMENCEMENT OF
WORK SHALL BE 15TH DECEMBER 2014. IF ANY CHANCE DELAY IS
FROM CONTACTORS SIDE THEN HE WOULD BE FINED

RS.10,000/- AS PENULTY PER DAY AND

DEDUCTED FROM HIS RETENTION AMOUNT.

THAT

WILL

BE

5. THIS LETTER FOR M/S SHARMA ART PART OF THE CONTRACT AND
SHALL BE TREATED AS WORKORDER AWARDING THE WORK TO YOU.
6. YOU HAVE TO FOLLOW ALL GOVERNMENT LAWS, RULES AND
REGULATIONS AND ABIDE BY THEM. TALWALKARS BETTER VALUE
FITNESS LIMITED WILL NOT BE RESPONSIBLE FOR ANY BREECH.
7. NO OTHER PAYMENT OTHER THAN AGREED UPON WILL BE MADE.

THANKING YOU,
YOURS FAITHFULLY,
COUNTERSIGNED BY THE CLIENT M/S TALWALKAR BETTER VALUE
FITNESS LTD.IN TOKEN OF THIS WORK ORDER.

(MR.GIRISH NAYAK)
SENIOR VICE PRESIDENT FINANCE
COUNTER SIGNED BY THE CONTRACTOR M/S. SHARMA ART.IN TOKEN
ACCEPTANCE OF WORK ORDER.

(RAMSURAT SHARMA)