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Memorandum of Understanding - LF
Memorandum of Understanding - LF
This Memorandum of Understanding (the “Agreement”) is entered into on this 6th day of April
2021 by and between Legal Raasta Technologies Private Limited, having its office at B-300,
Saraswati Vihar, Pitam Pura, New Delhi-110034 ) (the “First party”), and Gotrays technology
india pvt ltd, having its office 3/2,75C, PARK STREET, 3RD FLOOR KAMDHENU BUILDING
KOLKATA Kolkata WB 700016, (the “Second Party”).
Both the parties to the NDA have agreed to the following terms and conditions:
1. The first party will assist the second party in search/ due- diligence of an NBFC company.
2. The second party will pay rupee 5,00,000 (Rupees Five lakh only) as token amount to
initiate search and block a potential NBFC for takeover;
3. That on receiving the amount the first party will provide the photo copies of relevant
documents of potential NBFC to second party for review/ due- diligence ;
4. The First party will appoint person/s to carry out the due- diligence of company to be
purchase/ takeover;
5. The First party will perform a due- diligence and submit a report to second party . First
party also assist both the party to carry out the whole transaction.
6. The second party after doing proper due- diligence , once satisfy will enter into a detailed
MOU;
7. The first party commits to offer NBFC takeover at a total premium in the range of 62 to 70
Lakh.
8. Payment terms will be
5 Lakh token amount
20 % of the deal after due dilligence and name will be disclosed
30 % of the deal , before change in management ( 25 % share will be transfered )
30 % of the deal before bank account openning and Appointment of new DIrector
Remaining as the work progresses
9. Fees for the first party will be 5 lakhs (including GST )to be paid initially apart from NBFC
pemium. ( Due diligence, coordination with RBI. Appointment of new director )
10. In any case if second party not fulfil its commitment, discloses the name of NBFC to other
parties, directly approaches the NBFC or back out from the deal , the first party shall forfeit
the token amount.