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"That the Transfer as the sole proprietor of Paltronics Allied Industries will transfer the same along with its land building and other ancillary equipments in favour of the Location: ORISSA HIGH COURT, CUTTACK Transferee at a consideration of Rs. 3,20,000 comprising of Rs. 20,000 towards cost of land, Rs. 2,10,000 towards cost of compound wall and existing building and Rs. 90,000 towards cost of electronic testing equipments and furnitures. The said business will continue under the name and style of Paltronics Allied Industries Private Limited where in the transfer is a Promoter Director."