CONSIDERANT that the parties intend to record in writing the terms of their agreement. Ltd. (M)A.M., which is in the process of creating an internet portal that is part of the `CST PROTOCOL` at__________________ this ____________day of _____________between ABC with its office, India referred to as „ABC“ (which is the term „ABC Group“ unless it is repugnant to the context or importance of serving and joining him and the other current shareholders of the __________________Pvt. Ltd. and their respective heirs, executors, directors and assignments) of a party and Mr. XYZ with his office at_____________________. (Hereafter referred to as „XYZ,“ the term „XYZ Group“ unless they are repugnant to the context or importance of this group and do not include its nominees to the extent covered by this party and their heirs, executors, directors and beneficiaries of the assignment) of the SECOND PART; 6. It was agreed by mutual agreement that the company would not further dilute its own capital or the use of financial resources by any other person or would agree to assign shares to another person without the agreement of XYZ. In addition, it was agreed that, without the agreement of the XYZ Group, ABC Group will only be able to sell the shares allocated to them in the event of an IPO or a second round of mutually agreed financing. If a second round of funding is required, this will be done by mutual agreement between the parties, and an IPO is expected to also be made and shares will be issued to the public. The parties agreed that a proportional dilution of the shares would be carried out for future funding rounds, as agreed upon. .
5. XYZ agreed that the XYZ Group would pay the company a total amount of RS. 20 per cent (20 per cent) allocated to the XYZ group. _________________Only To cover the equity and the premium of the total amount of Rs.__________/______________Only, approximately Rs._________/rupees (_____________Only rupees) in counter-value of U.S. dollars – these amounts already received have been treated by the company as advances on capital and premium. The balance of Rs____________/- (Rupees – Only the lakh) must be paid in the following way. . 1. ABC Group has resulted in the creation of a company called „Pvt_ Ltd“ called „the company“ and which has been working for several months to create an internet portal covering to___________________. AND CONSIDERING that ABC and some others have transferred money to the company for which shares have been or should be issued to them, and that, for reasons of brevity, this group is called the „XYZ Group“; 9.
The parties indicate that this Memorandum of Understanding reflects the terms and conditions of their agreement and agree to execute and sign in writing a detailed shareholder pact and all other agreements necessary from time to time to best implement the promotion and financing of the portal. G. the balance, Rs_____________/- (only rupees) by (date) AND IN THE CONSIDERANT XYZ, that he and his nominees (for reasons of brevity of the ABC Group) will invest an amount of Rs.__________________ /- (rupees _______________Only) to acquire 20% (20%) The company`s capital under certain conditions and shares of the company; At WITNESS WHEREOF, the parties first wrote and subscribed their respective hands on the day and year.