Document:

Exhibit 10.5

 

	 	African Agriculture, Inc.	

 

	 	 	New York, NY

      September 13, 2021

 

ENGAGEMENT & ADVISORY AGREEMENT

 

THIS AGREEMENT (the
“Agreement”) is made and entered into as of this day of September 13, 2021 (the “Effective Date”), by and
between African Agriculture, Inc. (“AA”) located at 445 Park Avenue 9th Floor, NY, NY USA 10022 and Dr. Daniel H. Putnam
located at 2224 Holman St., Woodland, CA 95776. In consideration of the covenants, representations and agreements set forth below,
AA and Dr. Putnam hereby agree as follows:

 

1. Term of the Agreement.

 

The initial term of this Agreement
(the “Term”) shall commence upon the Effective start date of September 1, 2021 and is subject to mutual renewal or
non-renewal on 30 days written notice

 

2. Services to be performed

 

Dr. Putnam shall use reasonable efforts
and resources to assist AA during the term of the contract:

 

Comparative alfalfa yield and
production assessment of Les Fermes de La Teranga Alfalfa program in Saint Louis, Senegal, advice and assistance on development of
an alfalfa and agricultural enterprise at the same location. Any extension or alteration to this scope of work or structure must be
agreed between the parties in writing at the time of such extension or alteration.

 

3. Compensation.

 

i. As compensation for the Services
to be provided by Dr. Putnam, AA shall pay Dr. Putnam per schedule below 

 

		a.	Monthly retainer $7,000/month
	 	b.	On-site visit consulting fee to be determined

 

4. Expenses 

 

All travel and consulting
expenses related to this project will be covered by AA, and must be approved in writing in advance. 

 

5. Termination.

 

Either party may terminate this
Agreement on 30 days written notice On the termination of this Agreement, all obligations of the Parties hereunder shall terminate,
except for (i) rights and obligations to payments due with respect to Covered Agreements; and (ii) the provisions that by their
terms are applicable after termination, including the confidentiality and non-circumvention provisions set forth
herein. 

 

Siége social : 445 Park Avenue, 9iéme Floor,
New York, NY 10022, états-Unis

 

    

     

    

 

	 	African Agriculture, Inc.	

 

 

6. Severability and Governing Law.

 

Should any of the provisions in this Agreement be declared or be
determined to be illegal or invalid, all remaining parts, terms or provisions shall be valid, and the illegal or invalid part, term
or provision shall be deemed not to be a part of this Agreement.

 

This Agreement is made and entered into in the State of New York,
USA and shall in all respects be interpreted, enforced and governed under the internal laws of the State of New York, USA.

 

7. Confidentiality

 

Each Party recognizes that it will be necessary for the other to
receive confidential and/or proprietary information with regard to this Agreement (“Confidential Information”). The Confidential
Information is the sole and exclusive property of the disclosing Party, or is required by law or good business practices to be held
confidential. Each Party agrees to receive, hold and treat all Confidential Information received from the other as confidential and
secret and agrees to use its best efforts to protect the confidentiality and secrecy of such Confidential Information. Each Party
agrees to only divulge Confidential Information to its employees who are required to have such knowledge in connection with the
performance of their obligations under this Agreement, and neither Party shall disclose, directly or indirectly, any Confidential
Information of the other whatsoever, including without limitation, for its own benefit or any third party’s benefit.

 

8. Anti-money laundering and Bribery

 

Each party hereby confirms that neither it, nor any person acting on
its or their behalf, has committed or is engaged in any Corrupt Practice, Fraudulent Practice, Coercive Practice, Collusive
Practice, or Obstructive Practice, where these terms are defined as:

 

i. “Corrupt Practice” is the offering, giving, receiving
or soliciting, directly or indirectly, of anything of value to influence improperly the actions of another party; 

 

ii. “Fraudulent Practice” is any action or omission, including a misrepresentation, that knowingly or recklessly misleads,
or attempts to mislead, a party to obtain a financial or other benefit or to avoid an obligation;

 

iii, “Coercive Practice” is impairing or harming, or
threatening to impair or harm, directly or indirectly, any party or the property of the party to influence improperly the actions of
a party;

 

iv. “Collusive Practice” is an arrangement between two
or more parties designed to achieve an improper purpose, including to influence improperly the actions of another party; and

 

v. “Obstructive Practice” is deliberately destroying,
falsifying, altering or concealing of evidence material to the investigation or making of false statements to investigators, in
order to materially impede a investigation into allegations of a corrupt, fraudulent, coercive or collusive practice, and/or
threatening, harassing or intimidating any party to prevent it from disclosing its knowledge of matters relevant to the
investigation or from pursuing the investigation.) Each party hereby confirms that neither it, nor any person acting on its or their
behalf, has been subject to any criminal, administrative or civil sanctions in any jurisdiction with respect to legislation
concerning money laundering, anti-corruption, bribery or the financing of terrorism, and none of the Parties has, and, to the
knowledge of each Party after due enquiry, no person whose acts could incur each party’s vicarious liability has, carried out any actions or made any
omissions which could result in that Party incurring such sanctions.

 

Siége social
: 445 Park Avenue, 9iéme Floor, New York, NY 10022, états-Unis

 

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                                                                      African Agriculture, Inc.
	

 

AA has a zero-tolerance approach to bribery and corruption. By agreeing to AA’s terms of business, Dr. Putnam
is agreeing to abide by AA’s zero tolerance approach to bribery and corruption and to report any such activity which comes to the
Company’s attention during the course of its instructing AA.

 

It may be necessary for AA or Dr. Putnam to report any knowledge or suspicion of bribery or corruption which
comes to its attention to relevant authorities. AA may also need to report such knowledge or suspicion to its regulator.

 

IN WITNESS WHEREOF, the parties hereto have hereby executed this Agreement as of the day
and year first written above.

 

	By:	 AA, Inc.	 	By:	 Dr. Putnam
	Signature: 	 	 	Signature: 	
	CHAIRMAN & CEO	 	 

 

****Signed copies of the Agreement may be scanned and transmitted via electronic mail and such signed copies transmitted by electronic
mail or through scanner shall be deemed as originals.****

 

Siége
social : 445 Park Avenue, 9iéme Floor, New York, NY 10022, états-Unis

  

 

    3Exhibit 10.6

 

 

 

 

 

FRAMEWORK AGREEMENT

 

 

 

BETWEEN

 

 

 

AFRICAN AGRICULTURE INC

 

 

 

AND

 

 

 

MPS INFRASTRUCTURE INC

 

 

 

SOLAR POWER GENERATION

 

 

 

 

     

     

    

 

This Framework Agreement (hereinafter the “Agreement”)
is entered into as of

 

	July 14, 2021 Between:	 	 
	 	 	African Agriculture Inc (“African Ag”)

  445 Park Avenue Ninth Floor

  New York, NY 10022
	 	 	 
	And	 	 
	 	 	MPS Infrastructure (“MPS”)
	 	 	110 West 40th Street Suite 300
	 	 	New York, NY 10023

 

Each a “Party” and collectively the “Parties”

 

WHEREAS, African Ag desires to establish solar PV power generation
sufficient to supply current and future needs of the [ farm name ], and

 

WHEREAS, MPS designs, finances, constructs and operates solar PV
power generation plants, and

 

WHEREAS, MPS will design, finance, build and operate a solar PV
plant (the “Solar PV Plant”) to African Ag’s specifications and requirements,

 

WHEREAS, African Ag will provide land for construction of the Solar PV Plant, and sufficient land for associated infrastructure and operations
(“Site”), and

 

WHEREAS, African Ag and MPS will execute a Concession Agreement whereby
African Ag will provide all licenses, permits, approvals and rights of way in order for MPS to (a) generate power and (b) sell power
both to African Ag, a private power consumer and, if determined to be consistent with African Ag’s needs and Senegal
regulations, (c) to provide power to the Grid, and

 

WHEREAS African Ag and MPS will enter into a 25 year Power Purchase
Agreement (“PPA”) whereby the Solar PV Plant will be transferred to African Ag at the end of the term, and

 

WHEREAS, the Parties agree to operate on an “open book”
basis such that the per kwhr tariff charged by MPS will provide an IRR of 20%.

 

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Now, therefore, African Ag and MPS have agreed the following as the
basis for the above-described project (the “Project”):

 

	1.	The Parties will work together in close coordination with respect to the negotiation,
                                               execution and delivery of definitive agreements (including but not limited to a Concession Agreement and PPA incorporating the terms
                                               hereof (including the above recitals) and containing such other representations, warranties, terms and conditions customary in such
                                               agreements and mutually agreeable to the parties (the “Definitive Agreements”). Among other things, the Definitive
                                               Agreements shall further detail the execution of the Parties’ respective roles and responsibilities and how those roles and
                                               responsibilities interact within the overall scope of the Project.

 

	2.	Description of the Solar PV Plant

 

	3.	Upon execution of the Definitive Agreements, MPS will have the following
                                               responsibilities:

 

		a.	Contract, finance, build, commission and deliver a Solar PV Plant with a minimum power
                                                                          output of 40MW during peak hours with battery storage capacity to provide [   ] MW at during non-peak hours
	 	 	 
	 	b.	Provide appropriate transformers in order to deliver power based on requirements and technical
                                                   specifications.
	 	 	 
	 	c.	Provide metering at the power generation source
	 	 	 
	 	d.	Provide management for the Solar PV Plant operations, as well as personnel to conduct maintenance
                                                   and repairs
	 	 	 
	 	e.	Conduct operations in an environmentally friendly fashion
	 	 	 
	 	f.	 

 

	4.	Upon execution of the Definitive Agreements, African Ag will
have the following responsibilities:

 

		a.	Enter into a Concession Agreement and arrange for all agreements, consents and approvals
                                                                          needed to operate the Solar PV Plant and to generate and deliver power to African Ag
	 	 	
	 	b.	Provide the Site
	 	 	
	 	c.	Enter into a 25-year Power Purchase Agreement incorporating an agreed upon take or pay provision (“PPA”) with MPS
	 	 	
	 	d.	Provide an interconnection point to receive the power generated
	 	 	
	 	e.	Provide a workforce comprised of local residents to be available for all Site preparation and for training and operation of the Solar
PV Plant under supervision by MPS personnel
	 	 	
	 	f.	Prepare the Site for the Solar PV panels and other equipment to be delivered and installed per specifications provided by MPS
	 		
	 	g.	Arrange for ground transport of the Solar PV Plant elements from the port of delivery to the Site
                                                   and for security during transport
	 		
	 	h.	Assist MPS with local requirements and information regarding environmental impact study (EIS),
                                                   health and safety and other local requirements
	 		
	 	i.	Arrange for security at the Site

 

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	5.	 African Ag will be the counterparty to the PPA (and all other agreements) with
                                               MPS and will be responsible to pay MPS according to terms of the PPA. African Ag’s owner(s) or a nominee, approved at
                                               MPS’ sole discretion, will guarantee African Ag’s obligations under the PPA.

 

	6.	African Ag will pay MPS [           ] kwhr that will provide a 20% IRR to MPS.

 

	7.	The Definitive Agreements shall further provide for a more detailed responsibility
                                               matrix to be updated from time to time by agreement between the Parties and, among other things, the Parties shall execute
                                               additional documentation as necessary. The Parties agree that time is of the essence with respect to the preparation and execution
                                               of the Definitive Agreements, and that the Parties will diligently work together to complete execute the Definitive Agreements at a
                                               closing as soon as possible.

 

	8.	Each Party and its signatory represent and warrant that the
Party and its signatory have the requisite authority to enter into this Framework Agreement

 

	9.	The Parties may acquire certain non-public information respecting the Project, including
                                               information which is labeled or reasonably understood to be proprietary or confidential in nature (“Confidential
                                               Information”). The Confidential Information will be used solely for the purpose of the Project, and such Confidential
                                               Information will be kept strictly confidential by the Parties and their representatives, agents and controlling persons
                                               (collectively, “Representatives”), except that the Confidential Information or portions thereof may be disclosed to
                                               other persons and entities as necessary for purposes of the Project (it being understood that prior to such disclosure, such persons
                                               or entities will be informed of the confidential nature of the Confidential Information and shall agree to be bound to keep the same
                                               confidential).

 

	10.	This Framework Agreement shall be governed by and construed in accordance with laws of
                                                England and Wales. Legal Jurisdiction governing future definitive agreements such as the Power Purchase Agreement will be agreed on
                                                by the Parties based on acceptance by the guarantor(s) and lender(s) The Definitive Agreements shall contain substantially the same
                                                dispute resolution provision.

 

	11.	Any dispute, controversy, or claim, arising out of or in
connection with this Framework Agreement or its subject matter or formation, whether in tort, contract, under statute, or otherwise,
including any question regarding its existence, validity, interpretation, breach, or termination, and including any non-contractual claim,
will be finally and exclusively resolved by arbitration under the London Court of International Arbitration (“LCIA”) Administered
Rules for Arbitration (the “Rules”) The seat of the arbitration will be London; the language of the arbitration will be English

 

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	12.	Prohibited Payments No Party shall pay, offer, promise to pay, or authorize the payment
                                                directly or indirectly through any other person or firm, of any moneys or anything of value to any government official or employee
                                                or any political party or candidate for political office, for the purpose of inducing or rewarding any action by any customer or
                                                official favorable to either Party in connection with this Framework Agreement or commercial bribery

 

	13.	This Agreement shall remain in effect and binding on the
Parties until the sooner of (i) twelve months from execution of this Agreement or (ii) execution of the Definitive Agreements

 

	14.	Exclusivity In consideration of the risks and expenses to be incurred by each Party in
                                                continuing negotiations with the other Party regarding binding commercial agreements in respect of the subject matter of this
                                                Framework Agreement, African Ag shall not, while this Framework Agreement remains effective, negotiate with any other persons or
                                                entities regarding the generation of power as outlined in this Agreement

 

IN WITNESS WHEREOF, the Parties have caused this Framework Agreement
to be executed by their duly authorized representatives the day and year first before written.

 

Agreed July 8 2021

 

	African Agriculture Inc.	 	MPS Infrastructure Inc.
	 	 	 
	By:	 /s/ Alan Kessler	 	By:	/s/ Bjorn Q. AAserod
	Name: 	ALAN KESSLER	 	Name:	 Bjorn Q. AAserod
	 	CHAIRMAN & CEO	 	 	Executive Chairman

 

 

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