Memorandum of Understanding

This Memorandum of Understanding (the “Agreement”) is entered into on this _____ day of
_________ 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 ___________),
having its office _____________), (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 2,00,000 (Rupees two 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 second party will appoint person/s to carry out the due- diligence of company to be
purchase/ takeover;
5. The second party will perform a due- diligence , will be done at first party place or place
designated by promoters on the date mutually decided by the parties with consent of
promoters of selling companies;
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 equal to 58 lakhs.
8. Payment terms will be
2 Lac token amount
12 Lac after due dilligence and name will be disclosed
25 Lac , before change in management ( 25 % share will be transfered )
11 Lac- After bank account openning and Appointment in DIrector
8 Lac- as the work progresses
9. Fees for the first party will be 2 lakhs + GST 18% to be paid initially apart from NBDC
pemium.
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.
11. I n case of first party is not able to provide NBFC in prescribed time period , will return
professional fee to first party. Reversal of token amount can not be assured.

FIRST PARTY SECOND PARTY

RAHUL GUPTA
Business advisor
Legal Raasta Technologies Private Limited