MEMORANDUM OF UNDERSTANDING

The term of this MOU shall begin on the effective date set forth above, and shall terminate at the end of 5 years from the date aforementioned.

Agro Savers offers an alternative form of investment that involves putting money into trees by means of managed tree plantations. Trees offer a greater sense of reassurance because they increase in volume by an average of 5% each year, depending on the tree species, climate, age, and other factors. The tangible growth provides an alternative investment opportunity for investors looking to put their money in safer investments that are not affected by the ever-unpredictable economic climate.

Investors investing on the predictable biological growth of the trees to increase in the value of the plant, so that they can be sold at a future date for their produce. Our investments provide an opportunity for investors who want to diversify their portfolio of investments.

In consideration of the amount to be paid to Agro Savers pursuant to this MOU, the second party is at the option of taking a sum of Rs.20,000/- per tree after 7th year from the date of this MOU or enjoy the fruits of the tree for a period of 2 years after the date of termination of this MOU.

The failure of either party to this MOU to insist upon the performance of any of the terms and conditions of this MOU, shall be construed as subsequently waiving any such terms and conditions, but the same shall continue and remain in full force and effect as is no such forbearance or waiver had occurred.

Payment:

The Second party will pay a sum of Rs.5000/- (Five thousand only) per tree, maximum up to Five threes (as per Annexure ‘A’) the first party for the noble initiative of planting trees and such payments can be made either by cash, cheque, bank transfer or any other wallet service authorized by Govt of India.

The maintenance charges, Fertilization charges, Labor charges, Handling charges and transfer charges will be applicable as per Annexure ‘B’

Confidentiality:

Each party agrees that it shall not, at any time, after executing the activities of this MOU, disclose any information in relation to these activities or the affairs of business or method of carrying on the business of the other without consent of both parties.

Extension of MOU:

The MOU may be extended provided the parties agree upon, and can provide the necessary resources.

Addendum:

Any Addendum to this MOU shall be in writing and signed by both parties.

Disputes:

If there is any dispute that under any possibility emerges out between the aforementioned signatory parties to the MOU, then it is pertinent to be mentioned that the said disputes will be only be resolved via arbitration in accordance of the ‘Indian Arbitration and Conciliation Act – 1996’ in a place of jurisdiction as deemed fit by both the parties in Delhi/NCR.

Notices:

Any notice provided for or concerning this MOU shall be in writing and shall be deemed sufficiently given when sent by certified or registered mail if sent to the respective address of each party as set forth at the beginning of this MOU.

IN WITNESS WHEREOF, the parties hereto have executed this MOU on the __ day of ___, 2022.