MEMORANDUM OF UNDERSTANDING

THIS MEMORANDUM OF UNDERSTANDING IS SIGNED BETWEEN:

NAME AND ADRESS OF FIRST PARTY

AND

NAME AND ADRESS OF SECOND PARTY

AND WHEREAS THE FIRST PARTY INTENDS TO DISBURSE A LOAN FOR A SUM OF RS. 25000000/- (RUPESS TWO CRORES FIFTY LAKH) TOWARDS LOAN TO THE SECOND PARTY FOR A PERIOD OF

WHEREAS THE FIRST PARTY SHALL ISSUE A CHEQUE IN FAVOUR OF THE SECOND PARTY AND THE SECOND PARTY SHALL BE BOUND TO REPAY THIS MONEY AFTER THE EXPIRTY OF ONE MONTH FROM THE DATE OF DISBURSAL OF MONEY BY THE FIRST PARTY.

THIS MOU SHALL REQUIRE THE RATIFICATION OF BOTH THE PARTIES

SIGNED AT ___________________ ON THIS THE ................................................. DAY OF ................................. 2014

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AUTHORIZED SIGNATORY ON BEHALF OF

SEAL:

DATE: (......................................................)

AUTHORIZED SIGNATORY ON BEHALF OF............................................. SEAL:

DATE:

WITNESSES:

1.

2.