Excellent Finserv

This Memorandum of Understanding (MOU) is entered into on this by and between:

EXCELLENT FINSERV PRIVATE LIMITED, a company incorporated under the Companies Act, having its Registered Office at 16A/ S-2 / LGF, Sector-16A, Vasundhara, Ghaziabad, UP - 201012, bearing CIN: U65990UP2020PTC139407 and GSTIN: 09AAGCE2471E2ZQ, Email: info@excellentfinserv.com, Phone: +91 120 414 4652, hereinafter referred to as the First Party (which term shall mean and include its representatives, directors, and assignees) of the ONE PART.

AND

, residing/located at , having PAN No. , contactable at , hereinafter referred to as the Second Party (which term shall mean and include themselves, their representatives, executors and assignees) of the OTHER PART.

WHEREAS, the First Party is engaged in the business of digital financial services, utility bill processing, digital gold investments, and related business activities.

WHEREAS, the Second Party has expressed interest in providing a loan to the First Party's business operations to support its working capital and business expansion requirements.

Terms and Conditions

1. Loan Amount & Mode: The Second Party agrees to provide a loan of Rs. /- to the First Party's business via .
2. Tenure: This agreement shall be valid for a lock-in period of starting from the date of realization of funds in the First Party's bank account.
3. Interest/Payout: The First Party agrees to provide an interest of up to 4% per month on the principal loan amount to the Second Party, generated through legitimate business operations.
4. Utilization of Funds: The First Party shall be at liberty to utilize the loan money for the full tenure for its business operations, server scaling, marketing, and working capital as deemed fit by the management.
5. Repayment: The First Party shall have the liberty to refund/repay the principal loan amount before the expiry of the tenure at its own will.
6. Liability: The Second Party is relying on the business expertise of the First Party. The First Party shall strive to protect the principal loan amount; however, payouts are subject to business performance up to the agreed cap.
7. Dispute Resolution: Both parties hereby agree that if any legal dispute shall arise by and between both the parties, in that event it shall be entertained and tried within the exclusive jurisdiction of the competent courts located in Ghaziabad, Uttar Pradesh.

In witness whereof, the parties hereto have executed this Memorandum of Understanding without any force or coercion on the day, month, and year first written above.