BUSINESS SALE AND PURCHASE AGREEMENT DRAFT Agreement No: BSPA-2026-001 Date: June 1 2026 SELLER: RajTech India Mumbai Maharashtra India BUYER: NextMove Inc Pune Maharashtra India 1. RECITALS 1.1 RajTech India is a lawful owner of an IT services company operating in Mumbai. 1.2 NextMove Inc is a technology company seeking to acquire RajTech India. 1.3 Seller agrees to sell and Buyer agrees to purchase the business as a going concern on the terms stated herein. 1.4 Both parties confirm mutual intent to complete this transaction as described. 2. DEFINITIONS 2.1 Seller: RajTech India. 2.2 Buyer: NextMove Inc. 2.3 Business: IT services company operating in Mumbai Maharashtra India. 2.4 Purchase Price: INR 50,000,000 total. 2.5 Deposit: INR 10,000,000 due on signing. 2.6 Closing Date: As agreed by both parties in writing after all conditions are met. 2.7 Goodwill: The established reputation and client relationships of the Business. 2.8 Completion: Formal transfer of ownership of the Business from Seller to Buyer. 3. DESCRIPTION OF THE BUSINESS 3.1 Business Name: RajTech India. 3.2 Industry: Information Technology Services. 3.3 Location: Mumbai Maharashtra India. 3.4 Years of Operation: 10 years. 3.5 Number of Employees: 50 employees. 3.6 Revenue Model: IT services and software development for corporate clients. 4. ASSETS INCLUDED IN THE SALE 4.1 All office equipment and computers. 4.2 All software licenses and source code. 4.3 All client contracts and agreements. 4.4 All intellectual property and trademarks. 4.5 Business name and goodwill. 4.6 All digital assets and domain names. 4.7 All 50 employees transfer to Buyer. 5. PURCHASE PRICE AND PAYMENT TERMS 5.1 Total Purchase Price: INR 50,000,000. 5.2 Deposit: INR 10,000,000 on signing. 5.3 Balance: INR 40,000,000 on closing. 5.4 Payment via RTGS or NEFT bank transfer. 5.5 Payment default results in deposit forfeiture by the Buyer immediately. 6. NON-COMPETE 6.1 Seller agrees not to operate or assist any competing IT services business for 3 years within Maharashtra India. 6.2 Seller agrees not to solicit any client or employee of the Business for 3 years after the closing date. 7. CLOSING PROCESS 7.1 Seller delivers all asset transfer documents at closing to Buyer. 7.2 Buyer delivers full balance payment at closing via confirmed bank transfer. 7.3 Ownership transfers upon confirmed receipt of full purchase price. 8. TRANSITION PERIOD 8.1 Seller provides 90 days transition assistance to Buyer after closing. 8.2 Seller introduces Buyer to all key clients and staff during transition. 8.3 No additional compensation applies during the transition period. 9. DISPUTE RESOLUTION 9.1 All disputes resolved via Arbitration in Mumbai Maharashtra India. 10. GOVERNING LAW 10.1 Laws of Maharashtra India apply to this agreement exclusively. SIGNATURE BLOCK: Seller: RajTech India Signature: ________________ Name: ____________________ Title: ___________________ Date: ____________________ Buyer: NextMove Inc Signature: ________________ Name: ____________________ Title: ___________________ Date: ____________________ DISCLAIMER: This Business Sale and Purchase Agreement was generated by an AI drafting tool for reference and preparation purposes only. It does not constitute legal advice. Always have this reviewed by a qualified commercial attorney before signing or presenting it to any party.