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Investment Terms
4.1 The Company may periodically provide updates on the status of Projects via the Company’s social media accounts. Investors may also request an update by emailing the address : info@agrifront.com.
4.2 The Investor reserves the right to visit the farm(s) associated with their Project, provided that they give the Company not less than seven (7) days of prior notice before the proposed visit.
4.3 The Principal for a Project shall cover all costs for one or more complete Farming Cycles, and shall be utilized on: leasing of land for farming, farm preparation, buying seeds and fertilizers, training and extension services, the cost of supervision and administration, and any other such activities that the Company deems necessary in order to successfully execute a Project to the stage where the resulting produce has been sold.
4.4.1 The Investor acknowledges that, by investing in a Project, their Contribution may be utilized for the Project related activities and shall not be available for the Investor during the entire duration of the Project (except in the circumstances described in Clause 4.4.2) and the Company nor its Partners can or will refund the Investor’s Contribution until the successful completion of the Project.
4.4.2 In the event that a Project is no longer deemed viable, with such judgement on viability being solely within the purview of the Company, the Company undertakes to return to Investors all Contributions made towards the Project. Reasons for lack of viability include, but are not limited to: insufficient number of Units sold, adverse weather conditions, issues related to suppliers, issues related to off-takers, issues related to farmers, political instability, force majeure events, and acts of God. The Company will endeavour to offer to the Investors another Project in which to invest. Should there not be another Project that the Investor can or wishes to invest in, all Contributions will be returned to the Investor via an acceptable Mode of Payment. All foreign exchange gains and losses that arise in the course of a return of Contribution under this current Clause are the right and responsibility of the Investor. Investors will have returned to them their Contribution in the Contract Currency, at a reasonable market rate prevailing on the date of return.
4.5 Nothing in this Investment Contract Agreement will serve to assign, allocate, or transfer ownership of an invested Project cultivated under this Investment Contract Agreement to the Investor. The Investor’s Contribution gives them right to a share of the Income.
4.6 The Investor shall only be entitled to a share of the Income of a Project they have invested in as outlined as outlined in the project details.