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Date : 06-02-2017

To,
Forxar / Valvola,
Dear Valued Business Partner,

We are pleased to announce the acquisition of M/s Valvola Corporation, a leading manufacturer of “Bellow Sealed Valves” with all rights attached. This is a strategically important step for M/s Forxar Industries. It will optimize our portfolio offering Flanges, Fittings and Valves in all material like Stainless Steel, Carbon Steel & High Nickel Alloys and supplies products on demands such as (without limited to) i.e. Buttweld Fittings, Fasteners, Flanges, Pipes & Tubes, Sheets & Plates, U-Tubes etc. Thereby, Forxar expands its capabilities as the leading Exporter, Manufacturer & supplier of Flanges, Fittings, and Valves with reliable best in-class technologies, solutions and services.

Our priority is to have a successful and seamless integration with no disruption to our suppliers, customers, and partners. We assure faster delivery and improved quality and service to our customers after this deal.

All the future contracts whatsoever related to M/s Valvola corporation will be executed by M/s Forxar Industries and the existing contracts will be settled jointly by Forxar and Valvola Corporation. However, Forxar Industries reserves the right to renegotiate prices and conditions in the running fiscal year.

There will not be any immediate changes to your existing invoicing instructions with Valvola Corporation. Until you are notified in writing of specific changes in invoicing instructions, please continue to supply materials, services, and invoices per the current process. We will continue to communicate pertinent information with you over the coming months as we work diligently to integrate Valvola into Forxar.

We look forward to a successful future business relationship.

If you have any additional questions, please contact the Forxar Industries representative you have customarily dealt with in the past or on the contacts provided with this letter.

Yours sincerely,

Signed by
Mr. Satish Chidrawar
M/s Valvola Corporation
Partner

Signed by
Mr. Naresh Mehta
M/s Forxar Industries
CEO

Products

Valves

Fittings

Flanges

Pipe