Subject: Addendum to the DPSL agreement dated______________.
With reference to the above subject, M/s. Sri Sal Krishna Agencies, the licensee have avalled the e-DFS facility from State Bank of Indiaas per agreement between BPCL and ICICI Bank. As per the agreement between State Bank of India and BPCL, the Bank required a comfort letter from the Company for recommending credit limit for running of RPO business.
M/s. Sri Ram Agencies, the licensee are having average monthly projected sales of 60 KL In MS and 120 KL in HSD. M/s. Sri Ram Agencies, the licensee agree to comply with all the terms and condition of the agreement between State Bank of India and BPCL and further agree that in case of any information from Bank to BPCL that there is default in payment from M/s. Sri Ram Agencies, the licensee on any account, then BPCL shall have the right to suspend the sales and supplies of the dealership and M/s. Sri Ram Agencies, the licensee shall have no objection regarding the same.
M/s. Sri Ram Agencies, the licensee further state that in case payment is not made to Bank within Six months from the date of suspension of sales and supplies shall have the right to terminate the DPSL agreement.
M/s. Sri Ram Agencies, the licensee shall not mortgage Retail Outlet / outfit/facilities, dispensing units, sales rooms, etc. and the land of the Retail Outlet premises. In case of any dispute with the Bank, M/s. Sri Ram Agencies, the licensee shall not make BPCL a party in such litigation, court case or proceedings in manner and shall keep BPCL indemnified from such actions.
The DPSL agreement dated 30 December 2023 between BPCL and E.Sumathi or M/s. Sri Ram Agencies shall stand modified forthwith.
Territory Manager ( Retail ) Trichy (Name Seal& Signature of
