Memorandum of Understanding (MOU)
Memorandum of Understanding (MOU) Between Daraja Mining Properties – MOZMP.COM and Mining License Holder (Licensee)
(Last updated at 8th February 2021)
This Memorandum of Understanding (MOU) sets for the terms and understanding between the Daraja Mining Properties, owner of MOZMP.COM platform and domain, and the Mining License Holder (Licensee) to assist in identifying an investor and providing technical advice aiming at the development of the mining property.
Background
Through this partnership the Licensee can be connected with potential investors in order to develop its mining property or transfer his mineral rights.
Purpose
This MOU will allow the Licensee to be exposed to potential investors through the MOZMP.COM platform developed by Daraja Mining Properties, get the technical advice from an experienced team and commit to share 10% (ten per cent) of the total value of any transaction started through this platform with Daraja Mining Properties.
The above goals will be accomplished by undertaking the following activities:
The Licensee registers into the MOZMP.COM database;
The data provided is validated by the Mozambique Mining Properties (MOZMP.COM) team;
The data is visualized by potential investors through the MOZMP.COM platform;
Potential investors will express their interest for a specific property and agree with terms and conditions;
MOZMP.COM will facilitate for the a particular investor to meet and negotiate with the Licensee under the agreement that both will report the outcome of the negotiations and share 10% (ten per cent) of the total value of any transaction agreed with MOZMP.COM.
Reporting
The investor and the Licensee are obliged to report to the Daraja Mining Properties any outcome of the negotiations started through MOZMP.COM platform.
Funding
MOZMP.COM will fund the development, updating and operationalization of the platform, as well as the provision of technical advice.
Duration
This MOU is at-will and may be modified by mutual consent of authorized officials from the above partners. This MOU shall become effective upon digital acceptance by the License Holder (Licensee) and will remain in effect indefinitely, until modified or terminated by any one of the partners by mutual consent.