Greenvine Cropvest Company Limited (RC1622480)
Cropvesto Farm-Lot A2 Investment
1. Cropvesto Farmlot A2 is an agriculture and agro-allied investment portfolio with secured returns on investment over a specified period of 24 months. The amount invested will be utilized for farm land lease, cultivation, planting, harvesting and sales.
2. The investor (Executive Agropreneur) shall apply and pay for the number of farm lots (minimum of 10 farm lots and subject to availability) in accordance with the instructions set in the application form (surface copy or electronic copy). Partial or instalment payment is not permitted.
3. The minimum interest payable on the investment amount is 20% per annum and shall be paid semi-annually to the designated bank account of the investor. Interest is subject to applicable government taxes and will be paid within three workings days after the due date. No cash payment shall be permitted.
4. The principal amount invested and the final semi-annual interest (less the applicable tax) will be paid at the end of the 24 months to the investor, not later than seven working days after the date of maturity except in the event of subsisting force majeure occasioned by extraneous events reasonably out of control of Greenvine Cropvest Company Limited (e.g. war, disasters, pestilence, sanctions, labor unrest, etc).
5. The investment has a lock-in period of six months during which investor cannot withdraw or terminate the investment.
6. Premature termination of the investment before the maturity date is permitted after the lock-in period with full refund of the investment amount. A penalty charge of 50% shall be applied to the interest already paid and/or due to be paid, if any.
7. Investor shall give a two-week written notice of premature termination of investment to the company. The company shall use her best endeavor to make payments (investment amount with the accrued interest less applicable charges) within 21 days after the date of termination of investment.
8. Partial termination of investment is not allowed.
9. The effective date of investment shall be the date investment amount is confirmed credited to the company’s designated account. The company shall not be held liable for any delay by investor’s banker to process subscription payment instruction.
10. No payment receipt will be issued in anticipation of realization of cheque/s deposited in relation to any investment. Receipt will be issued only on actual receipt of payment / deposited monies. In case payment is received on a weekend (Saturday or Sunday) or holiday through electronic channels like Internet Banking, phone banking, ATM or any other electronic channel, the investment will be dated on the next Working Day.
11. The company has the sole authority and discretion to apply the investment monies to any farmland location and any type of agricultural crops, products and services using their best judgment. The investor waives the right of choice of agricultural business for his/her subscribed farm lots and accepts not to interfere with the management of the farmland activities.
12. In the event of death of the investor in respect of which a nomination of next of kin is in force, the nominee shall be entitled at any time after the lock-in period to claim both principal and accrued interests, if any.
13. For the aforesaid purpose, the pre-nominated next of kin shall submit an application to the company’s Investor Relations Officer, supported by proof of death of the investor. The company will use her best endeavor to ensure payment is promptly processed.
14. If an investor dies and there is no nomination in force at the time of his / her death, the company shall pay the sum (investment amount and applicable interest) due to the deceased, to his/her legal heirs after submitting application supported by proof of death and legal documents for claims.
15. The investor confirms that the investment capital employed in the subscription for the CROPVESTO FARMLOT A2 is not a proceed of any illegal, fraudulent or corrupt ventures and hereby absolves Greenvine Cropvest Company Limited, her associates, partners and personnel of any complicity, connivance or collaboration of intending act of money laundering and corruption.
I, ……………………………………., of ………………………………………… having read and understood the terms and conditions of the Cropvesto Farmlot A2 investment, hereby agrees and consent to these terms and conditions.
Name of Investor:
Signature & Date: