General Terms and Conditions
Please read the following terms carefully before proceeding. By checking the box, you acknowledge that you have read, understood, and agree to be bound by these conditions.
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Foxhog’s Blackfox Realty Fund is a SEBI Registered Fund operating under the Guidelines of Securities and Exchange Board of India.
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The Funding Application Number is unique and will be utilized at various stages. Please ensure its safekeeping.
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Foxhog will conduct the diligence process through its team at Foxhog BV, along with two other vendors named KPMG & PWC. Additionally, our partner, Hire Right Inc., in case of Domestic Transfer Foxhog may use a 3rd Party Law Firm or agency for the DD Process. The diligence process is expected to take 3-7 working days. During this period, we anticipate your cooperation for the Document Verification process and instant response.
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You will have options to choose from Domestic (AIF) Funding or FDI (Foreign Direct Investment) Funding, upon completion of Due Diligence.
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For Physical Verification, Foxhog will deploy either our internal employee or a third-party vendor, KPMG. If an agent is unavailable, an Online Physical Verification Process (EKYC or VKYC) may be conducted. In this scenario, it's essential that your registered address is accurately captured in the real-time application provided by Foxhog.
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The credit line/limit or amount granted by Foxhog will be determined solely based on the results of the verification process. This assessment will encompass your Financial Evaluation, upcoming Market Analysis, and future prospects of your product/service. The decision will be final, and there is no room for negotiation during the final management meeting post-approval.
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Upon your agreement with the amount offered by Foxhog, we will issue a Letter of Credit/Sanction Letter.
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Should your application be rejected by Foxhog, you will have the opportunity to reapply for funding within the next 90 working days.
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The investment process involves a multitude of documentation, legal papers, compliance formalities, and documentation across countries. We request your utmost cooperation throughout the documentation and compliance procedures.
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Foxhog will issue three key documents:
- Investment Agreement (to be executed on Court Stamp Paper)
- Term Sheet: To be signed and reported to the Ministry of Corporate Affairs, Govt. of India
- Shareholders Agreement: To be signed by both parties
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There are mandate Govt. formalities including reporting to SEBI, Approval from Federal Govt. (For FDI) and other compliance and documentation requirements. The government has its own charges for all approvals and documentation. Both parties will bear the charges and fees associated with these approvals and documentation (50% each - Foxhog & Applicant). You will be invoiced for documents and compliance step by step, only once the application is approved. The expenses should not exceed $900-$2000 (depending on the Ticket Size) for the entire transaction and documentation process for each party.
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Foxhog’s BLACKFOX REALITY FUND-I is a SEBI-registered fund, and Foxhog does not charge any fee/hidden fee/consultancy charges. If you find anyone using our name and asking for any money, please report to us at legal.report@foxhogventures.com.
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Any fees, charges, or amounts paid by the Parties towards government authorities, statutory bodies, regulatory agencies, or third-party service providers under or in connection with this Investment shall be strictly non-negotiable and non-refundable, irrespective of the outcome, termination, or completion of the transaction.
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If the Applicant withdraws their funding application at any stage, Foxhog will not refund any fees or amounts already paid. Foxhog may also claim consultancy or administrative fees for the work done up to the date of withdrawal.
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Following the committed amount transaction, Foxhog expects an immediate share transaction.
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A Relationship Executive will be appointed by Foxhog post-transaction to provide strategic assistance and reporting.