Memorandum of Understanding

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.

FIRST PARTY SECOND PARTY

Legal Raasta Technologies Private Limited