VEHICLE SALES AGREEMENT

THIS VEHICLE SALES AGREEMENT is made this 8th day of February, 2019 by and among
Khurram Faiz, (hereinafter known as "Seller"), CNIC: 35202-7652584-7 son of Faiz Ali, residing
at House no 129, Block E State Life housing society Lahore.

And

Sarfraz Ravi (hereinafter known as "Buyer"), CNIC: 35201-8387165-3 son of Wajid Iqbal,
residing at House no 717-E Mian Meer Colony Milat Park Dharampura Lahore Cantt.

Buyer and Seller shall collectively be known herein as "the Parties".

BACKGROUND

WHEREAS, Seller desires to sell the vehicle described below, known herein as the "Acquired
Vehicle", under the terms and conditions set forth below;

WHEREAS, Buyer desires to purchase the Acquired Vehicle offered for sale by Seller under the
terms and conditions set forth below; and, therefore,

SELLER BUYER

__________________________ _________________________

__________________________ _________________________

Page 1 of 3
 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:
A. Description of Acquired Vehicle.
1. Model: 2017
2. Color: Grey Graphite
3. Registration Number: LEA-18-9460
4. Registration Date: 18-Jan-2018
5. Engine Number: Z510664
6. Chassis Number: NZE170R4136899
7. Mileage at Delivery: 8000
Consideration.
1. Purchase Price. The total purchase price to be paid by Buyer to Seller for the Acquired Vehicle is
Twenty two Lac and Fifty thousand only, Rupees (Rs. 2250000/-) (hereinafter "Purchase Price")
consisting of the following components:
2. Down-payment: Rs. 1500000/- (Due to Seller on or before execution of this agreement.)
3. Payment Due at Delivery of Vehicle to Buyer: Rs. 750000/-
The "down-payment" and “payment due at delivery” are to be made by Buyer to Seller in cash, or by
certified check, or through another instrument acceptable to Seller..

Representations, Warranties, and Disclosures

1. Warranties. This vehicle 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.
2. Buyer hereby declares that the Acquired Vehicle is free from all encumbrances, liabilities and
litigations to the best of his/her knowledge.
Buyer's Responsibility
1. Buyer acknowledges that the Acquired Vehicle and related documents have been duly inspected
and approved by him/her and have been found to his/her entire satisfaction.
2. Buyer acknowledges that from the instant the Acquired Vehicle is delivered by Seller to Buyer,
Buyer is solely responsible and liable for any accidents, offences or disputes regarding the Acquired
Vehicle, including, but not limited to, illegal use of the vehicle, traffic violation notices, accident-
related litigation, payment of related taxes, maintenance of valid insurance and updating the vehicle
records.
3. Buyer acknowledges that unless prohibited by applicable law, any insurance coverage, license,
tags, plates or registration maintained by Seller on the Acquired Vehicle shall be canceled upon
delivery of the Acquired Vehicle to, and the acceptance of, by Buyer.
4. Buyer acknowledges his/her responsibility to update ownership details after vehicle delivery
date. And time.

SELLER BUYER

__________________________ _________________________

__________________________ _________________________

WITNESS-1 WITNESS-2

__________________________ _________________________

__________________________ _________________________

Page 2 of 3
 Delivery Receipt

I the undersigned Sarfraz RaviS/o Wajid Iqbal CNIC:35201-8387165-3

R/o House no 717-E Mian Meer Colony Milat Park Dharampura Lahore Cantt
Have taken the delivery of Car Corolla GLi 1.3 Automatic No: Lea-18-9460
Bearing Chassis No NZE170R4136899 Engine No Z510664 Make: 2017
Colour: Grey Graphite From Regd. Owner Khurram Faiz

For my personal use complete in all respects with registration documents. I shall
be fully legally responsible for its maintenance, accident, Road-Tax, Police Challan
after taking the deliver and also for its miss use of any kind. I have checked up the
vehicle thoroughly and I am fully satisfied. As per motor transport rules, I hereby
promise that, I shall get the vehicle transferred in my name after Delivery date.
The vehicle is bought on as is where basis is. I further confirm that I have paid full
& final payment to the owner against the purchase of above said vehicle. I shall
be fully responsible for any kind of declaration problems in future.
Place: state life housing society Date……………… Time………………. a.m. / p.m.
Given delivery of above said vehicle against full & final payment.

Buyer’s Signature Seller’s Signature

Name…………………………………………….. Name……………………………………………..

Address…………………………………………. Address………………………………………….

………………………………………………………. ……………………………………………………….

Tel………………………………………………… Tel…………………………………………………

Witness-1 Witness-2

Name:__________________ Name:__________________

Sign:____________________ Sign:____________________

Page 3 of 3