Date & Time: -05.06.

2024, Time: -05:20PM LETTER OF INTENT

Name: Mrs. Ranjana Singh TRENT LIMITED- TATA GROUP

W/o- Mr. Narandra Pratap Singh CORPORATE OFFICE: TRENT HOUSE, G-BLOCK,
Civil Lines, Lalitpur PLOT NO. C-60, BESIDE CITI BANK, BANDRA- KURLA
Uttar Pradesh COMPLEX, BANDRA, (EAST), MUMBAI- 400051.
91-INDIA, 284403  https://www.zudio.com
 franchise@zudiotrent.online
GSTIN - 27AAACL1838J2ZF

Subject: Letter of Intent for Application Number- TZ-2024-1577-AF

Dear Mrs.Ranjana Singh

We all welcome you and we are acknowledging that Board of Directors hereby sends the approval of your Zudio
Outlets Franchise as our Authorized Trent Limited here onwards.

We are grateful for your expression of interest and the desire to be a Proud Member of TRENT-TATA Group. We are
pleased to honor you with the prestigious membership.

The council stays abreast with the update technologies and partner with the best in the industry to give quality product
worldwide in global format.

Being a responsible & dedicated member you will be contributing values to the relationship and shall be submitting
the related information to TRENT LIMITED.

We refer to your application no. TZ-2024-1577-AF.for the award of Mrs. Ranjana Singh as a
franchisee of Zudio Outlets under license of FOCO (As known as Franchise owned company operated) at the above
location, with following terms and conditions:-

You need to arrange a suitable piece of land/shop admeasuring 20-20/20-30/40/40 foot (Frontage) X 50-50 foot
(Depth) as indicated by you in the application for the development of the subject outlet, or if it has routed to Trent
Limited just relax, team are working on it to arrange an suitable outlets space in your preferred city/district.

For the additional facilities that must be provided by the corporation as aforesaid, Trent Limited will initiate the
License after completion of NOC from government authorities for smooth operation, so that company can start the
further process like- Site Agreement, Advertisement, Interior or exterior work at finalized site.

Upon entering into a license Agreement with Trent-TATA Group, Franchisee shall be permitted to sell all domestic,
international and cargo products hereunder, under the trade name Zudio and its trademarks. Franchisee shall not be
entitled to, and shall not, use or register on its own Zudio trade names, brand names or any other similar name or
simulation or contraction thereof. The Franchisee shall also not be entitled to use, nor register on its own behalf the
trade names, brand names or any other similar name or simulation of Zudio.

The Franchisee shall be entitled to append its Brand name ''ZUDIO'' or “Authorized Zudio Outlet Franchise'' at the
preferred location” in that order.

CORPORATE OFFICE: TRENT HOUSE, G-BLOCK, PLOT NO. C-60, BESIDE CITI BANK, BANDRA-KURLACOMPLEX,
BANDRA, (EAST), MUMBAI-400051.
Email Id- franchise@zudiotrent.online https://www.zudio.com GSTIN - 27AAACL1838J2ZF
 In case of failure on the part of any payment compliances on the part of FRANCHISEE due to which TRENT
LIMITED is called upon to pay such amount, the same shall be recovered from the franchisee.

Trent Limited may terminate this Agreement by written notice if there is a direct or indirect change in the ownership,
shareholding, re-constitution or change in control of the FRANCHISEE. In such an event parties may execute a fresh
‘’LETTER OF INTENT’’ to continue the business relationship in which case the FRANCHISEE shall provide all the
required supporting documents in this regard.

In case of breach of the provision of clause or sub-clause of this LETTER OF INTENT by the FRANCHISEE,
TRENT LIMITED shall have a right to immediately terminate this agreement without prejudice to the exercise of any
other rights it may have against the FRANCHISEE in terms of this Letter of Intent?

Either of the franchisee may terminate the Agreement immediately upon written notice if franchisee wishing to
terminate gives the impression that it is likely to go insolvent.

In the event of termination, the company shall render a final account to the other of all outstanding amounts/security
deposit and the net outstanding amount shall be paid within fifteen (15) days.

FRANCHISEE agrees that all information, whether written or oral, including but not limited to knowhow, standards,
instructions, procedures, notes or methods of business or such confidential or proprietary information which TATA-
Trent Limited may disclose to FRANCHISEE pursuant to the terms of this LETTER OF INTENT, shall be received
and held by them on a strictly confidential basis and shall be used solely for the purposes of this Franchise Agreement
and except as provided in this Letter of Intent, may not be disclosed to any person or business entity whatsoever.

FRANCHISEE will not, without Trent Limited express written permission, make or have made, or permit to be made,
copies of any of the information other than those necessary for its use hereunder.

The Technical Know-How, procedures and documents furnished here under be deemed to be and shall remain the
property of TATA- Trent Limited.

Once approved a “Franchise” letter of intent will be provided or sent. Please sign and return within 24hrs from the
time of letter issued. Failure to return “Acknowledgement” letter may result in franchise being revoked. If additional
time is needed please contact our office at- franchise@zudiotrent.online

Processing time is an average of 45 working days from the date the ‘’Letter of Intent’’ issued by Trent Limited.

Franchisee need to be understands that applications will be processed within the timelines set forth in the ZUDIO
Outlets and in accordance with applicable law.

Trent Limited teams will be happy to speak with you over the phone, or communicate through e-mail if you have
questions as to the process, requirements, fees, review, or status of your particular request at any stage of your
application and meet with you in person after documents completion.

All payments to Trent Limited are non-refundable except for the NOC & Security Deposit fee which, as described in
official ‘’terms & condition, is refundable in part if we do not approve your application. Payments made to Trent
Limited to be refundable based upon your acknowledgment.

CORPORATE OFFICE: TRENT HOUSE, G-BLOCK, PLOT NO. C-60, BESIDE CITY BANK, BANDRA-KURLACOMPLEX, BANDRA, (EAST),
MUMBAI-400051.
Email Id- franchise@zudiotrent.online https://www.zudio.com GSTIN - 27AAACL1838J2ZF
 The company will not be held liable for any loss or damage on account of delay that may be caused in providing you
the facilities mentioned above, whatever may be the cause of the failure of delay.

You shall not induct any partner in case of individual (s) or making changes in the constitution of the partners as
existing at the time of application, except your spouse as per terms and conditions of the OMC (Name), and shall give
an undertaking to this effect.

As agreed, you will be initiating necessary action towards enabling registration of site where the Outlet is planned.
You will also have to assist us in with some fees to getting the requisite NOC from appropriate authorities. This NOC
fees will be refundable while end of the contract with Trent-TATA Group.

You need to deposit Initial Franchise Fee of INR Rs. 2,55,500.00 (Two Lakhs Fifty-Five Thousand Five Hundred only)
through RTGS/NEFT in below mentioned Company authorized accountant bank account in the favor of Trent Limited
at Mumbai branch towards registration and confirmation that you have successfully registered the Zudio Outlets Franchise
under license of FOCO Model (As known as ‘’Franchisee owned company operated).

You are notified that below is the Franchise Registration Officer Account details in which you will have to deposit the
above said amount within 24hours after getting the Letter of Intent (LOI).

COMPANY NAME :- TATA ZUDIO TRENT LTD.

ACCOUNT NUMBER :- 60491463074

IFSC CODE: - MAHB0000048
BANK DETAILS : - BANK OF MAHARASHTRA
BRANCH : - CENTRAL MUMBAI
If we find that the progress made by you towards the above is not to company satisfaction, the progress of Land
Agreement or advertisement can be delay, franchisee should have make sure that the process can be done smoothly
under the timeline.

In case you are not able to provide complete the franchise registration within the specified timeline or fail to full fill
the terms and conditions of Letter of Intent (LOI), for any reason, then LOI can be withdrawn and selection can be
cancelled with your proper update.

This letter is merely a letter of intent and is to be constructed as a 'firm offer' of Zudio outlet franchise on your name,
The franchise will be allotted to you on your complying with the terms and conditions spelt out herein above by
issuance of appointment letter along with signing of our standard franchise agreement by you and us (Trent Limited).

Under the Franchise Investment Law, a franchisor is prohibited from offering to respective franchise owners any
franchise terms different from the terms of the offer registered under Corporations Code sections 31111 (initial
registration), 31121 (renewal) or 31123 (post-effective Amendment). So this prohibition does not apply to offers and
sales of franchises under the franchise registered location.

An Franchisee may check the application status through official website the Application status Portal. All of the
procedure completion shall be updated on application status portal.

Any franchise subject to the registration requirements of this law must complete the NOC from respective state
government and the franchisor shall initiate the NOC and not to start the further process like- advertisement, Interior,
Exterior until the NOC & License shall completed.

CORPORATE OFFICE: TRENT HOUSE, G-BLOCK, PLOT NO. C-60, BESIDE CITY BANK, BANDRA-KURLACOMPLEX, BANDRA, (EAST),
MUMBAI-400051.
Email Id- franchise@zudiotrent.online https://www.zudio.com GSTIN - 27AAACL1838J2ZF
 All other fees that the franchisee must pay to the franchisor or its affiliates, or that the franchisor or its affiliates
impose or collect in whole or in part for a Trent Limited.

The franchisee must not to purchase or lease goods, services, supplies, fixtures, equipment, inventory, computer
hardware and software and products related to franchised business, its designee, or suppliers approved by the
franchisor, or under the franchisor’s specifications.

Company obligations to the franchisee during the operation of the franchise, including below assistance in:

✓ Developing products or services the franchisee will offer to its customers.

✓ Hiring and training employees.
✓ Improving and developing the franchised business through the advertisement.
✓ Establishing prices & festive offers.
✓ Establishing and using administrative, bookkeeping, accounting, and inventory.
✓ The franchisor’s obligation to conduct advertising, including:
✓ Trent Limited obligations to upgrade or update any system during the term of the franchise.

We do not make any representations about a franchisee future financial performance of franchised outlets. We also do
not authorize our employees or representatives to make any such representations either orally or in writing.

If you need any further details/guidance, please get in touch with your dedicated employee or write an email to us on-
franchise@zudiotrent.online

Please acknowledge receipt of this ‘’Letter of Intent’’ and sign on each page and revert us on franchise@zudiotrent.online
as acknowledgment of FOCO (Franchisee owned company operated ‘Zudio Outlet’).

Once again please accept our personal congratulations and best wishes for future endeavors. Thanking You.

We are looking forward to a long and mutually valuable alliance.

Thanking You!

CORPORATE OFFICE: TRENT HOUSE, G-BLOCK, PLOT NO. C-60, BESIDE CITY BANK, BANDRA-KURLACOMPLEX, BANDRA, (EAST),
MUMBAI-400051.
Email Id- franchise@zudiotrent.online www.zudio.com GSTIN - 27AAACL1838J2ZF