Final Draft

Memorandum of Understanding (the “MOU”)
This Memorandum of Understanding (the “MOU”) is entered into 10/2/23 (the “Effective Date”),
by and between BANSAL NEWS, with an address of E-3 / 67, E-3, Arera Colony, Bhopal,
Madhya Pradesh 462016 and KFC BHOPAL [ KRISHNA EMPORIO 10 NUMBER
MARKET},BHOPAL ,BHOPAL , MADHYA PRADESH [462016] , also individually referred to as
“Party”, and collectively “the Parties.”
WHEREAS, the Parties desire to enter into an agreement to Have a Profit sharing deal of
7percent of the total revenue for 4 days For setting up a 15X15 food stall in our event i.e
BANSAL GROUP OF INSTITUTION PRESENTS TIME LAPSE 1;
WHEREAS, the Parties desire to memorialize certain terms and conditions of their anticipated
endeavor;
NOW THEREFORE, in consideration of the mutual promises and covenants contained herein,
the Parties agree as follows:
1. Refer to Annexure 1 For all deliverables between both parties.

2. Term. This Agreement shall commence upon the Effective Date, as stated above, and will
continue until 7/04/23
3. This Agreement may be terminated upon Fourteen (14) days’ written notice (a) by the
Independent Directors of the Company or the Advisor, without Cause and without
penalty, (b) by the Advisor for Good Reason, or (c) by the Advisor upon a Change of
Control.
4. Representations and Warranties. Both Parties represent that they are fully authorized to
enter into this Agreement. The performance and obligations of either Party will not violate
or infringe upon the rights of any third party or violate any other agreement between the
Parties, individually, and any other person, organization, or business or any law or
governmental regulation.
5. Indemnity. The Parties each agree to indemnify and hold harmless the other Party, its
respective affiliates, officers, agents, employees, and permitted successors and assigns
against any and all claims, losses, damages, liabilities, penalties, punitive damages,
expenses, reasonable legal fees and costs of any kind or amount whatsoever, which
result from the negligence of or breach of this Agreement by the indemnifying party, its
respective successors and assigns that occurs in connection with this Agreement. This
section remains in full force and effect even after termination of the Agreement by its
natural termination or the early termination by either party.
6. Limitation of Liability. UNDER NO CIRCUMSTANCES SHALL EITHER PARTY BE
LIABLE TO THE OTHER PARTY OR ANY THIRD PARTY FOR ANY DAMAGES
RESULTING FROM ANY PART OF THIS AGREEMENT SUCH AS, BUT NOT LIMITED
TO, LOSS OF REVENUE OR ANTICIPATED PROFIT OR LOST BUSINESS, COSTS OF
DELAY OR FAILURE OF DELIVERY, WHICH ARE NOT RELATED TO OR THE DIRECT
RESULT OF A PARTY’S NEGLIGENCE OR BREACH.
7. Severability. In the event any provision of this Agreement is deemed invalid or
unenforceable, in whole or in part, that part shall be severed from the remainder of the
Agreement and all other provisions should continue in full force and effect as valid and
enforceable.
8. Waiver. The failure by either Party to exercise any right, power, or privilege under the
terms of this Agreement will not be construed as a waiver of any subsequent or future
exercise of that right, power, or privilege or the exercise of any other right, power, or
privilege.
9. Legal Fees. In the event of a dispute resulting in legal action, the successful party will be
entitled to its legal fees, including, but not limited to its attorneys’ fees.
10. Legal and Binding Agreement. This Agreement is legal and binding between the Parties
as stated above. This Agreement may be entered into and is legal and binding both in
Bhopal, Madhya Pradesh. The Parties each represent that they have the authority to
enter into this Agreement..
11. Entire Agreement. The Parties acknowledge and agree that this Agreement represents
the entire agreement between the Parties. In the event that the Parties desire to change,
add, or otherwise modify any terms, they shall do so in writing to be signed by both
parties
Date of the signing of the MOU 15/03/23
Place of event BANSAL INSTITUTE OF SCIENCE

AND TECHNOLOGY [ KOTKA
BYPASS]
Deliverable by “ “
Deliverable by Bansal College
Event Date 06/4/23
The Parties agree to the terms and conditions set forth above as demonstrated by their
signatures as follows:
Name________________________________________
Signed: _____________________________________
Name: _____________________________________
Date: _____________________________________

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Memorandum of Understanding (the “MOU”)

Madhya Pradesh 462016 and KFC BHOPAL [ KRISHNA EMPORIO 10 NUMBER

MARKET},BHOPAL ,BHOPAL , MADHYA PRADESH [462016] , also individually referred to as

“Party”, and collectively “the Parties.”

BANSAL GROUP OF INSTITUTION PRESENTS TIME LAPSE 1;

the Parties agree as follows:

1. Refer to Annexure 1 For all deliverables between both parties.

Place of event BANSAL INSTITUTE OF SCIENCE

Deliverable by Bansal College

Event Date 06/4/23

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