MOU

This indenture of memorandum of understanding is executed and entered on (date) at Bangalore, Between Shri.. at Voter Id Card/D.L No. . herein after referred to as First Party (together with assignees and legal heirs). And Shri.. at Voter Id Card/D.L No. . herein after referred to as Second Party (together with assignees and legal heirs). 1. First Party has to purchase the schedule property/material and received a sum of Rs. One lakh as commitment fee, and agreed to purchase the schedule property/material in Kolhapur. 2. Second Party has to produce the schedule property/material for inspection on (date) at Kolahapur of Maharashtra state to the First Party. 3. After the satisfactory inspection and if the schedule property/material is found genuine then First party will purchase the same material, and if the first party fails to do so, then he has promised to pay a sum of Rs. Ten lakh to the second party as damage charges. 4. If the schedule property/material is found fake/dummy, the the amount paid by the second party will be forfeited. Date: s/o s/o Shri.aged about ..yrs, residing

Shri.aged about ..yrs, residing

(First Party Signature) Place: Witness: (Second Party Signature)