Role of Project Management Consultant

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MEMORANDUM OF AGREEMENT

Between

SPECIAL PURPOSE VEHICLE

AND

PROJECT MANAGEMENT CONSULTANT

MEMORANDUM OF AGREEMENT

This Memorandum of Agreement has been entered into at New Delhi on this …day of _____________

Between

Paithan Mega Food Park Private Limited, a company incorporated in India under the Companies Act, 1956 and having its registered office at Nath House, Nath Road, Aurangabad – 431005, Maharashtra (hereinafter referred to as “SPV” or “PMFPPL”, which expression shall unless repugnant to the context thereof, include its successors, assigns) of the FIRST PART

and

YES Bank Limited, a company incorporated under the Companies Act, 1956 and a banking company within the meaning of the Banking Regulation Act, 1949, having its registered office at 9th Floor, Nehru Centre, Discovery of India, Mumbai – 400 018 (hereinafter referred to as “PMC” or “YES BANK”, which expression shall include its successors, assignees and subsidiaries under its management) of the SECOND PART;

SPV and PMC are hereinafter individually referred to as “the Party” and collectively “the Parties”

WHEREAS

a) SPV proposes to establish a Mega Food Park which would include core processing facilities, factory buildings for Micro and Small Enterprises (MSEs), enabling basic infrastructure and non-core infrastructure as per the guidelines of Mega Food Parks Scheme (MFPS) and in line with proposal given in-principle approval by Ministry of Food Processing Industries (MOFPI/ Ministry), Government of India (hereinafter referred to as the “Mega Food Park” or the “Project” )

b) SPV has acquired and taken possession of/would be taking possession of around 110 acres of land at Paithan taluka near Aurangabad in Maharashtra for the central processing centre of the Mega Food Park. Further, SPV has taken possession of/shall take

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