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This Memorandum of Understanding outlines an agreement between Comboral Ltd. and Unique Group to develop a 500-700 bed international hospital in Dhaka, Bangladesh. Comboral will deliver the project on a turnkey basis and arrange 100% funding, with terms including a grace period equal to construction time, 12-15 year repayment, and 1% above LIBOR interest. Unique Group will make an initial 15-20% payment of costs and provide guarantees to cover debt repayment. Comboral fees of 15% of costs will be added to the total project cost and loan amount.

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Hamayet Rasel
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386 views2 pages

Mou Draft

This Memorandum of Understanding outlines an agreement between Comboral Ltd. and Unique Group to develop a 500-700 bed international hospital in Dhaka, Bangladesh. Comboral will deliver the project on a turnkey basis and arrange 100% funding, with terms including a grace period equal to construction time, 12-15 year repayment, and 1% above LIBOR interest. Unique Group will make an initial 15-20% payment of costs and provide guarantees to cover debt repayment. Comboral fees of 15% of costs will be added to the total project cost and loan amount.

Uploaded by

Hamayet Rasel
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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MEMORANDUM OF UNDERSTANDING

Memorandum of Understanding between COMBORAL and UNIQUE GROUP.

This Memorandum of Understanding (hereinafter MOU) is signed on


__________________ 2021 by and between;
 
Party 1

COMBORAL LTD., a private limited company in Finland (Registration No. 0580736-4) with
registered offices at Kapteeninkatu 7 D 75, F1-00140 Helsinki, Finland (hereinafter
COMBORAL) represented by:

Full name: Mr. Brian McGibbon


Title: Chief Executive
Telephone: +44 7831 252032
Email address: [email protected]
 
Party 2

UNIQUE GROUP a private limited company in Bangladesh (Registration No.


_______________), with registered office at Borak Real Estate Ltd., 51/B, Borak Mehnur,
Level – 18, Kemal Ataturk Avenue, Banani, Dhaka – 1213, Bangladesh (hereinafter
UNIQUE GROUP) represented by:

Full name: _____________________________


Title: ___________________
Telephone: ______________
Email address: ___________________
 
The parties to this MOU hereby agree the following:

1) UNIQUE GROUP have a requirement to develop on a turnkey basis a 500 / 700


bedded International Super / Multi Specialty Hospital in Gulshan-2 District, Dhaka,
Bangladesh including the introduction of 100% funding.

2) COMBORAL have agreed to deliver the 500 / 700 bedded International Super / Multi
Specialty Hospital on a turnkey basis including the introduction of 100% project
funding.

3) Funding terms include a grace period equal to the time taken to complete the project,
an extended repayment period of 12 – 15 years and an interest rate of 1% above 3
month LIBOR.

4) UNIQUE GROUP will provide an initial payment to COMBORAL of 15% – 20% of the
total project cost. This will be repaid through reduction in each repayment of the debt
following completion of the project.

5) A non-refundable Processing Fee equal to 2% of the initial payment is required to be


paid by UNIQUE GROUP to COMBORAL as a contribution to the total costs of
arranging the 100% funding such as; legal fees, compliance costs, travel and
accommodation costs required for due-diligence of the project by related parties,
arrangement fees and all other necessary costs.

6) UNIQUE GROUP will provide a satisfactory guarantee to the funders to cover the
repayment of the debt and accrued interest.

7) Repayment will be made in 24 – 30 equal installments. The first repayment will


become due 6 months after the completion of the project.

8) COMBORAL fees of 15% of the total project cost will be added to the total project
cost. This fee will be added to the loan.

9) COMBORAL will deliver the 500 / 700 bedded International Super / Multi Specialty
Hospital on a turn-key basis including; Preparation of the Detailed Business Plan,
Project Management, Medical Planning, Design, Construction, Medical Equipping,
Commissioning and Staff Training.

10) UNIQUE GROUP will pay COMBORAL against payments certificates for work done
and provide satisfactory guarantees for the repayment of the debt and accrued
interest.

11) COMBORAL may offer further support to UNIQUE GROUP through a separate
contract to assist with the ongoing operation and management of the hospital
following completion if UNIQUE GROUP so wishes.

12) COMBORAL may subject to the above and if requested by UNIQUE GROUP may
offer to take equity of 20% - 40% to be paid through pro rata reduction in each of the
debt repayments.

For and on behalf of COMBORAL LTD. For and on behalf of UNIQUE GROUP

NAME: BRIAN MCGIBBON NAME: _________________________

TITLE: CHIEF EXECUTIVE TITLE: ___________________________

SIGNED: SIGNED:

DATE: DATE:

WITNESSED BY WITNESSED BY:

NAME: NAME:

SIGNED: SIGNED:

DATE: DATE:

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