DEPHA Agreement

GLITTERATI PRIVATE PUBLIC PEARL FARMING AGREEMENT
A. This agreement is made ___________________ and code for this agreement is

GPFD333702023.
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B.
E PARTIES OF THE AGREEMENT

GLITTERATI FARMS PRIVATE LIMITED is registered on address H. No- 3/40, Housing board
colony, Sawai Madhopur, Rajasthan (322001) with GSTIN 08AAICG5008K1ZH represented
by its CEO and founder, Achal Singh of GLITTERATI FARMS PRIVATE LIMITED, here after
referred to as the company, the expression shall include its successors and assignees of the
one part.
AND
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_______________ Date of Bith-_______
whose AADHAAR No.______________________________
hereafter referred to as the client/investor, the expression client shall include investor who is
willingly investing in the GLITTERATI FARMS PRIVATE LIMITED pond, his/her legal heirs,
representatives, successors, testators, administrators, assignees) of the other part.
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C. PURPOSE OF AGREEMENT
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This Agreement sets out the terms and conditions by which the company sets the project for
pearl farming at the pond owned by the company located at Dehpa Village, Pilkhuwa, Uttar
Pradesh. Whereas the company is mainly engaged in cultivation, training and trading of pearls
and was on the lookout for suitable investors who would be willing to invest in pearl farming
business with GLITTERATI FARMS PRIVATE LIMITED and also undertaking to sell the entire
produce to GLITTERATI FARMS PRIVATE LIMITED on a given price by the company.
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Where in the clients and the company have mutually accepted terms and conditions and
accordingly this agreement is entered between the parties.
AND
whereas the client herein after understanding the requirement and their terms and requirements
has agreed to the terms set out and has agreed to comply with same. The parties have
consequently reduced into writing the terms and conditions details herein.
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THE AGREEMENT BETWEEN THE PARTIES WITNESS AS FOLLOWS:
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1. The client undertakes to invest money in Glitterati Farms Ponds for the cultivation of
pearls located at Village Dehpa, Pilkhuwa, District Hapur, Uttar Pradesh, Pin Code - 245304.
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Which is being owned by Glitterati Pearl Farms.
2. The client agrees to invest in ____ mussels/Oysters at the rate of 50 Rupees including GST
i.e Rs 50 per mussels i.e. Rs. ________
D. PERIOD OF PROJECT.
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1. The period of project is two years from the date on which the mussels are deployed in the
pond. (As mentioned earlier, end date can vary depending on the time of the pearl formation).
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2. No allowable cost incurred by any of the aforementioned party, before or after this
period is eligible for reimbursement.
E. SPECIAL CONDITIONS
1. The client can invest in minimum 1000 mussels in GLITTERATI ponds.
2. The lock in period for this agreement is 30 months. The pearls will not be taken out
unless and until they are ready for harvest.
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3. The company who owns the pond will manage all the things on behalf of the client
which are required to get the desired results. Various aspects which the company will take care
are as follows: -
A) Preparation of the pond B) Mussel deployment
C) Nucleus D) Surgeries
E) Net bags for hanging the mussels F) Feeding of the mussels
G) Paddle wheel aerator (if required) H) Electricity
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I) Manpower J) Harvesting of pearls
K) Selling of the pearl L) Security
F.
E COMPLIANCE WITH APPLICABLE STATUTES, RULES, AND POLICIES
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1. All the payments will be made in the form of cheques or directly into the account of the
clients. The company is not liable to make any payments in cash to anyone. The company
does not accept any kind of cash payments.
2. The company will give returns on the amount that has been invested by the client.
3. Once the client makes the payment then this amount is non-refundable under any
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circumstances. The client can only claim for the services for which he has paid.
4. The company will make payment of only acceptable quality pearls which are in perfect
condition at a fixed price of Rs 110/pearl including 3% GST.
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5. Determining the quality of pearls rests in company’s hand.

6. The company will share the following report to the clients in the prescribed manner: -
I. Ph report in every 7 days
II. Ammonia report in 7 days
III. Oxygen report in every 7 days
IV. Feeding in every 15 days.
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7. After taking out the harvest from the pond, the company will analyse the quality of the
pearls and make the payment after 15-25 days of harvest.
8. Mortality of the mussels will be covered in the months from November to March. The
company will replace 100% mussels which are dead if the results are going below 40%. This
replacement will be done only once in one cycle.
9. The Client has to make the complete payment at the time of signing of the agreement.
The agreement will only valid once the company receives the complete payment from the
client. Failing to make payment on time will result in a fine of 5 % of the total amount to be
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paid by the client.
10. The company will deploy final mussels of the client when the client has made the full
and final payment.
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11. The company will entertain only one point of contact. So, it is important for the client
to share the personal email id and contact number.
Contact Details:
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Name:
Address:
Electrict Sub Station,Balpur
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Phone:
12. Client cannot sell his produce to anyone apart from Glitterati Farms Private Limited. 13.
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Neither of the parties to this agreement shall be held liable /responsible for any of their
obligations and duties in a situation of dispute or any other natural calamities which are
beyond the control of both the parties.
G. LONG TERM OBLIGATIONS OF THE PROJECT
1. This agreement is being entered on the basis of mutual trust and confidence and both the
parties to this agreement agree to faithfully discharge their obligations and duties contained
herein keeping in view the fact that the crop/produce is for export and that maintaining the
quality is prima facie and essential condition.
2. All disputes of differences arising under this agreement will be settled in an amicable
manner by both the parties.
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3Fa.rm visit timings will be in between 11:00 A.M – 5:00 P.M.
4Fa.rm will remain close on public holidays.
5. The date of execution of this contract will be considered from the date of final
deployment of the mussels in the pond.
6. This agreement will be subject to the jurisdiction of competent courts in Sawai
Madhopur, Rajasthan (322001).
7. It is agreed that the client and farmer may use a nominee to be beneficiary whose details
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E that include name, age, address, and Valid ID should be provided to the company before
entering into an agreement and the agreement may be amended accordingly but it shall not
release the client and farmer in any way from its obligations hereunder provided that
such nominee is a direct or indirect wholly-owned subsidiary of the client and farmer.
Nominee Details:
Date of Birth:
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Relationship with Client:
IN WITNESS WHEREOF both the parties have affixed their seal/signature in the presence of
following:
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COMPANY SEAL
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COMPANY CLIENT

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GLITTERATI PRIVATE PUBLIC PEARL FARMING AGREEMENT

A. This agreement is made ___________________ and code for this agreement is

E PARTIES OF THE AGREEMENT

i.e Rs 50 per mussels i.e. Rs. ________

5. Determining the quality of pearls rests in company’s hand.

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