JOINT VENTURE AGREEMENT

This agreement entered at Chennai on 2024

Between

M/s IGO AGRI TECH FARMS, represented by Mr. John Yesudhas S/o Y.Verghese from IGO
Agric Products having brand name of IGO Agri Tech Farms aged about 46 years residing at No.
7, Rajaji Nagar main road, Madipakkam, Chennai - 600091. GSTIN: 33AAUPF2372G1ZQ.
And

…………………….residing at.......................................................................are coming forward to

do a Joint Venture Project on European Organic Cucumber Cultivation in O n e A c r e .
IGO Franchise (JV) Project Terms and Conditions.

1) This project will be under JV method for a period of 5 years only.

2) The first part will do all the repair, maintenance and running of the farm for cultivation of

European Organic Cucumber and other similar crops in one Acre.

3) The second part will buy this Project at a cost of Rs. 15,00,000 over a period of five years (Taxesas

per Actual).

4) GST 18% is as per actuals.

5) The Second Part will be given 50%share in profits inthis Joint Venture.

6) All maintenance, production and sales will be managed by 1st Part through an AMC with IGO

maintenance.

7) Profits after expenses will be shared equally between 1st Part and 2nd Part.

8) It is expected to plant 10000 European Organic Cucumber seedlings for this JV Project.

9) Second Part will be equal owners, they can visit the farm anytime.

10) Salaries, maintenance, all other running expenses of the farm will be paid from the produce itself.

11) The project will be valid for 5 years from the date of agreement.

12) Further, if any for future up gradation will be equally shared for better income than the standard ROI

arrived.

13) After5 years, Joint Venture can be extended for agreed period by mutual agreement.

14) All Accounts from the date of seed sowing till the 5th year will be maintained on a transparent

module common to both Parties.

15) Both parties can expand to other location and join multiple Joint Projects under the same terms and

conditions. Accounts will be maintained separately for those Projects.

16) The party of the second part is only the co-owner for 5 years in this Joint Venture Project.

17) ROI details for the Project are attached in the annexure.

18) The Project will commence within 60days from the date of payment.

19) Payments will be deposited to the Second Part in 2 payouts for each cycle and in 6 payouts per year.

20) Buy Back Services will be provided by IGO AGRI TECH FARMS for this project.

21) JV between IGO Agri Tech Farms and ……………….residing at........................................ IGO

Agri Tech Farms will not enter into JV with any other person other than. Authorized Person for the

particular location.

22) IGO AGRI TECH FARMS will confirm the location of Poly House Farm as all the details

regarding the farm within seven to ten days from the payment date.

23) Any dispute arising between the parties will be mutually settled or if any mutual settlement is not

arrived it will be subjected to Chennai Jurisdiction..

24) The JV payment is to be made on account details as follows.

IGO Agric products

Bank Name : Equitas Bank
A/c No 209962155555
IFSC Code : ESFB0001004
Branch : Velachery

25) The JV income from the Project will be credited in the account given below.

Name :

Bank Name :

A/c No
IFSC Code :
Branch :
Witness: 1st Part

1)

2) 2nd Part