PROJECT INVESTMENT AGREEMENT
This Project Investment Agreement, herein referred to as the "Agreement," is made
and entered into on _____________________herein after the “Effective Date”
between Jade Farms – Cannabis Indoor Specialty Cultivation Company of 109
Commerce Court Sacramento – XXX, CA hereinafter the ”Company,” and XXXLLC, of XXX hereinafter referred to as
the “investor.”
WHEREAS the parties herein have willingly agreed to enter into this Agreement to
provide Investment in the project in consideration of a five percent stake for its
eternity which will be two years from today.
The parties hereby agree as follows:
1. Investment.
The payment plan for the Investment for the first two years from today will be an
investment of $20,000 from now on, referred to as the "Investment," for a total
including ROI, which is $60,000 in three years.
The investment money shall be transferred to IT Certified LLC, a XXX LLC
partner.
2. Benefit.
In return for the Investment, the Company agrees to the following; –
In the 1 st year, for every six months – the Company will pay $10,000
In the 2 nd year, for every six months – the Company will pay $10,000
In the 3 rd year, in the first six months – the Company will pay $10,000
3. Confidentiality.
All the terms and conditions and any confidential information must be kept
confidential unless disclosure is required under the law.
Disclosing or using this information for any purpose beyond the scope of this
Agreement or the exceptions set forth above is expressly forbidden without the
Parties’ prior consent.
The Parties agree that the confidentiality clause will remain active and in power even
upon its completion.
4. Warranties.
The investor warrants that he will not claim his entitled benefit under this Agreement
if the Company does not sell the product. For clarity, If the Company makes zero
sales, the Investor will not get any of the benefits.
The Company warrants that it will do everything in its favor to sell the product so that
the Investor gets his benefit under this Agreement.
5. Termination
Parties herein agree that in the event of termination of the terms herein, the
Company shall pay to the Investor 5% of the total profits and a penalty of 20% of the
valuation of the Company.
6. Dispute/Conflict Resolution.
The Company and the Investor hereby mutually agree to have mutual negotiations in
good faith if there is a dispute concerning the services, interpretation, obligations,
etc., envisioned under this Agreement. If the talks fail, parties may resolve the
issue/dispute/conflict through neutral Arbitration. The decision and award of the
arbitrator shall be final and binding on all parties, and the costs of such proceedings
shall be borne equally by both parties.
Parties also agree that the Investor will not directly or indirectly be part of the dispute
resolution.
7. Entire Agreement.
This Agreement contains the entire understandings of the parties concerning the
subject matter herein and supersedes all previous agreements (oral and written),
negotiations, and discussions. The descriptive headings of the sections of this
Agreement are inserted for convenience only and shall not control or affect the
meaning or construction of any provision hereof.
Any modifications or amendments to this Agreement must be in writing and signed
by both parties.
8. Choice of Law.
This Agreement shall be construed, governed, interpreted, and applied according to
the State of California laws.
9. Waiver.
The waiver by either party of the breach of any covenant or provision in this
Agreement shall not operate or be construed as a waiver of any subsequent breach
by either party.
10. Severability.
In the event a court of competent jurisdiction declares any term or provision of this
Agreement to be invalid or unenforceable for any reason, this Agreement will remain
in full force and effect and either:
a. The invalid or unenforceable provision(s) will be modified to the minimum
extent necessary to make such provision(s) valid and enforceable; or
b. If such a modification is not possible, this Agreement will be interpreted as if
such invalid or unenforceable provision(s) were not a part of this Agreement.
11. Counterparts.
This Agreement may be executed in any number of counterparts, all of which will
constitute the same instrument and be an original of this Agreement.
IN WITNESS WHEREOF, this Agreement has been executed by the parties herein;-
Signed by the COMPANY; –
Signature:
____________________
Date: ________________________
Email Address:
_________________
Signed by the INVESTOR; –
Signature: _____________________
Date: _________________________
Email Address: _________________
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