This memorandum of understanding made this _____________between ABC ____________day with his office at__________________, India referred to as „ABC“ (which is the term „ABC Group“ unless it is repugnant to the context or importance of serving and joining itself and 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; CONSIDERANT that the parties intend to record in writing the terms of their agreement. Ltd. (“ the company, which is in the process of setting up an Internet portal that is located on 6. It was agreed by mutual agreement that the company would not further dilute its 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. .
AND CONSIDÉRANT that XYZ agreed that he and his nominees (for reasons of the brevity of the ABC Group) would invest an amount of Rs.__________________ /- (rupees _______________Only) in order to acquire 20% (20%) the company`s capital to members of the XYZ Group on certain terms and shares of the company`s equity; G. Balance, Rs_____________/- (only roupies_) by (date) 3.