MEMORANDUM OF UNDERSTANDING

Entered Into By And Between

RUNA CHEMICALS PVT LTD (CIN - U99999MH1987PTC042560) herein

represented by Mr. Manish Shrikant Ranade in his capacity as Director of
company of the RUNA CHEMICALS PVT LTD duly authorized thereto on the
other part an Indian Inhabitant, having address at:
______________________________________________________________________________
____, aged at present about ____________ years, hereinafter for the sake of
brevity referred to as the party of the FIRST PART (which expression unless it
is repugnant to the context in this indenture shall include her heirs, executors,
assigns, legal representatives and or persons claiming through him);

AND

MR. __________________________ S/o. MR. ___________________________________,

an Indian Inhabitant, having address at:
______________________________________________________________________________
____, aged at present about ____________ years, hereinafter for the sake of
brevity referred to as the party of the SECOND PART (which expression unless
it is repugnant to the context in this indenture shall include her heirs,
executors, assigns, legal representatives and or persons claiming through him);

AND WHEREAS Both RUNA CHEMICALS PVT LTD and MR.

__________________________ (Hereinafter referred to as
parties) herein referred to as the parties, aiming at
strengthening their relations have agreed to sign this
Memorandum of Understanding to promote mutual
cooperation for expansion of trade and investment and
other forms of economic cooperation between both so
far as their Memorandum of Understanding does not
prejudice either party’s obligations, national business
interests and national regulations.

AND WHEREAS the parties are desirous of entering into an Agreement

of mutual cooperation;

AND WHEREAS the parties desire that the terms of their Agreement
are reduced to writing.

NOW THEREFORE IT IS HEREBY AGREED AS FOLLOWS:

1. COMMENCEMENT AND DURATION

1.1 Notwithstanding signature hereof, this agreement shall be deemed to

Have commenced on the ………………………………2019 and shall
continue until fulfillment of all terms and condition hereinafter
decided and agree by both the parties.

2. TERMS AND CONDITION OF THE AGREEMENT

The parties undertake to jointly work together to achieve the following;

2.1 Mr.__________________________________ party of Second part has

responsibility to manage the fund for Investments for various
Businesses through entities or person or persons.

2.2. Out of the total amount of fund received in any Bank account of
RUNA CHEMICALS PVT LTD through Mr.
_________________________, 15% of which will be available for
utilization by RUNA CHEMICALS PVT LTD only and Mr.
_________________ have unconditional rights on remaining 85% of
 total fund which must be Invest by RUNA CHEMICALS PVT LTD as
per direction of Mr.______________________ or return to him on
unconditional basis on time on demand.

2.3 RUNA CHEMICALS PVT LTD are liable for provide cheque/cheques
for the amount of remaining 85% of the total fund (on which Mr.
_________________________ have unconditional rights) as part of
security to the Mr._____________________________ on the name of Mr.
________________________ and said cheque/cheques will be return
back after the investment completed by as per direction of
Mr.__________________________________ or after the step by step
amount withdrawal by Mr. _________________________.

2.4 RUNA CHEMICALS PVT LTD are liable for unconditional investment
in various business or business profile or transfer the fund in various
account from the part of fund of Mr._____________________ and as per
the direction of Mr. ______________________________.

2.5 Mr. ______________________________ have liable for the clearance of all

legal documents part (such as investment agreement) regarding to
investment did by him in various business, business profile and
amount transfer in all other person or persons.

2.6 If Mr. ______________________________ is fail to provide legal

document to RUNA CHEMICALS PVT LTD within one year or 31st
march 2020 whichever is earlier from the date of investment as per
the direction of Mr.________________________. Then in such case
RUNA CHEMICALS PVT LTD are entitled to deduct 1% of Tds
(maximum 2% in case of other than Individual) of the said party in
which investment are did as per the direction of Mr.
_________________________.

3. DUTIES OF THE PARTIES

In the performance of the services under this Agreement, both parties

shall at all times

3.1 Exercise all reasonable skill, care and diligence in the discharge of
their duties under this MOU.

3.2 Conform to sound business practice and professional standards.

3.3 Cooperate with one another and shall not impede the proper
performance of services under this Agreement.

3.4 Neither party shall disclose the information which has or may come
into its possession in connection with this agreement or
performance of its obligations hereunder, which information is
deemed to be confidential and may not be disclosed to third parties
without the prior written consent of the other party.

3.5 Both parties shall cooperate fully with all clients concerning the
operation of this MOU.

4. CHART OF FUND AND MOBILISING OF FUND

TOTAL OWN BY RUNA OWN BY
SR. FUND CHEMICALS Mr.__________ Signature Signature
DATE
NO. AMOUNT PVT LTD ________ 1st Party 2nd Party
(100%) (15%) (85%)
1

3
 5. CONFIDENTIALITY

5.1 All the parties and their employees or agents agree to observe strict
confidentiality in respect of all work performed and matters
encountered in the course of the work unless otherwise specifically
authorized by the other party in writing, and confirms that copyright
in all such work shall rest with the owner of the work.

6. LIABILITY

6.1 All statements, findings, or recommendations published in any

report, or made in the course of implementation of the agreement
shall be made in utmost good faith by all the parties to the
agreement, who undertake that they shall be true and correct to the
best of their abilities and will be based on available information.

6.2 The parties indemnify each other against any or all claims, damages
and expenses or costs in the event of any claims, damages and
expenses as a result of gross negligence, fraud, willful default ,
criminal action or breach of this agreement by the other party, its
employees, representatives or agents. 6

THUS SIGNED AND DATED AT ______________ THIS …………DAY

………………………… (MONTH) 2019

……………………………………
Manish Shrikant Ranade
RUNA CHEMICALS PVT LTD
(DIRECTOR)

AS WITNESSES:
1. ……………………………….

2. ……………………………….

THUS SIGNED AND DATED AT ______________ THIS …………DAY

………………………… (MONTH) 2019

…………………………………….
Mr.

AS WITNESSES:

1. ………………………………

2. ……………………………….
SR. Number of Signature Signature
DATE Cheque No. Amount (Rs.)
NO. Cheques 1st Party 2nd Party
1

5
6

10

11

12

13

14

15

16

17

18

19

20

21

22

Details of Cheques provide and Return to RUNA CHEMICALS PVT

LTD after the investment
Name of Bank:-
Account No.:- Branch:-