📜 Lease Period, Yield Sharing & Buy-Back

🔹 Buy-Back / Exit Option (Post Lock-In Period)

The site buyer shall be permitted to offer the land for sale only to the developer after completion of a minimum lock-in period of three (3) years from the date of purchase.

The buy-back, if exercised, shall be:

• At the discretion of the developer, and
  
  

• Based strictly on the prevailing market value of comparable agricultural land at the time of proposed sale.
  
  

The market value shall be determined through:

• Mutual discussion, or
  
  

• An independent valuation process, if required.
  
  

It is expressly clarified that:

• The buy-back option is not automatic or mandatory
  
  

• No fixed, minimum, or assured buy-back price is promised
  
  

• The developer is not obligated to purchase the land if market, regulatory, or operational conditions do not permit
  
  

The site buyer intending to avail the buy-back option must provide prior written notice to the developer in accordance with the terms specified in the agreement.

🔹 Important Legal Clarifications

• The buy-back option is an exit facilitation mechanism only, not a guaranteed return or assured liquidity arrangement
  
  

• The land shall not be sold to third parties during the lock-in period without the developer’s written consent, if such restriction is specified in the agreement
  
  

• All transfers shall be subject to applicable agricultural land laws and regulatory approvals

🔹 Crop Yield–Based Benefit & Ownership Clarification

There is no fixed or guaranteed income associated with this project. Any income or benefit payable to the site buyer shall be entirely dependent on the actual agricultural crop yield generated from the land during the relevant period.

The developer shall share thirty percent (30%) of the net crop benefit with the site buyer, based solely on the actual agricultural yield and realized market value of such produce.

It is expressly clarified and agreed that:

• The benefit shared with the site buyer is crop-based only
  
  

• No portion of land ownership is shared, transferred, assigned, or diluted at any stage
  
  

• The site buyer remains the sole and absolute owner of the land at all times
  
  

• The developer holds no ownership rights, title, or interest in the land and is involved only for cultivation and management purposes
  
  

The crop benefit payable to the site buyer shall vary depending on:

• Actual crop output
  
  

• Agricultural performance and climatic conditions
  
  

• Market demand and prevailing prices
  
  

Accordingly, while the crop-sharing percentage (30%) is assured as per agreement, the monetary value of such benefit is variable and not guaranteed.