THE REPUBLIC OF UGANDA
MEMORANDUM OF UNDERSTANDING

This memorandum of understanding is made this ............................................................................................ day of .......................................................................................... 20.......

BETWEEN

Jafari Investments Ltd Nabweeru Road Bwaise in Kampala District (hereinafter called the "1st party" which expression shall include successors in the title, agents, assigns) on one part.

AND

............................................................................................................................................. of ............................................................................................................................................................

District (hereinafter the "2nd party" which expressions shall include her successors in title, agents, assigns) on the other part.

Whereas the 1st party is need of money to inject in its business, and whereas the 2nd party is willing and ready to partner with the first party.

And whereas the 2nd party is desirous of investing its money in the first party's for making profits at a fixed percentage as agreed between the two parties

Now this Mmorandum of understanding witness as follows

1. The second part hereby advance Uganda shillings ............................ to the first party as an investor.

2. The profits be paid monthly for six months, Every after 4 months for 12 months and anual Fixed investment.

3. This memorandum shall be renewed every after the end of investment contract.

4. The parties herein have agreed that 2nd party shall not withdraw the money invested but should only withdraw the profits made in the agreed period of time and capital invested is non-refundable.

5. The second parties profits shall be calculated as the excess money gained morethan the capital invested after the end of the investment contract (Total Money Accumulated - Capital Invested = Client's Profits); TMA - CI = CP.

6. The Capital Invested shall be the amount of money advanced individually by each second party.

7. The parties hereto have agreed that the capital invested by the second party shall never form part of assets of the first party. For avoidance of doubt, ownership of the business shall exclusively be for the first party.

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