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50:50 Herbal Cultivation JV Proposal to European Energy Pvt Ltd.

Date: 27/07/2019

Dear Mr. Jayesh Shah,

We are an herbal start-up focused on farm management and oil extraction in aromatic and medicinal plants based
out of Bengaluru.

We would like to engage with you on proposed solar projects under which Herbal plantation can be grown and
managed from Herbaly Farms Pvt Ltd. Below are the synopsis of the project as per 100 acres as a unit.

Herbal JV 50:50
Acres Under Management 100

Particulars Year 1 Year 2 Year 3 Year 4 Year 5 Total

Seedlings 1,50,00,000
Inputs 5,00,000 5,00,000 5,00,000 5,00,000 5,00,000
Manpower 25,00,000 25,00,000 25,00,000 25,00,000 25,00,000
Harvesting Expenses 5,00,000 5,00,000 5,00,000 5,00,000 5,00,000
Distillery Unit 15,00,000
Processing 4,00,000 12,00,000 12,00,000 10,00,000 8,00,000
Total Expenses 2,04,00,000 47,00,000 47,00,000 45,00,000 43,00,000 3,86,00,000

Output per year

Average Oil per acre 4,000 12,000 12,000 10,000 8,000


Lemongrass Oil 1,200 1,200 1,200 1,200 1,200

Realization Price 48,00,000 1,44,00,000 1,44,00,000 1,20,00,000 96,00,000 5,52,00,000

Profit / Loss per year -1,56,00,000 97,00,000 97,00,000 75,00,000 53,00,000 1,66,00,000

Share of JV as Profit/Loss per year -78,00,000 48,50,000 48,50,000 37,50,000 26,50,000 83,00,000

Regards,

Sanjay Gadad

Founder

Farmonomy

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