FRANCHISE AGREEMENT

THIS FRANCHISE AGREEMENT is made and executed at Chennai this 28

th
day
of August, 2008 between
M/s.INFOARK TECHNOLOGIES, #1/3, Mount Poonamallee Road, 2
nd
Floor,
Nandambakkam, Chennai 600 089. hereinafter called the party of the
First Party.
And
M/s.SHRUTHI CONSULTING SERVICES, NO-45,Anna avenue, 3
rd
cross street,
Ranipet, Vellore Dt. hereinafter called the party of the Second Part.
NOW THIS DEED OF FRANCISE AGREEMENT that the parties hereto reduce to
writing the terms and conditions of this agreement in legal form and
hence this instrument of agreement is executed this day and the terms
& conditions hereinafter set forth shall regulate the right duties
and liabilities of the parties hereto.
The Party of the First Part doing the business of BPO Operations,
Data Entry Operations, Form Filling Operations, Web Designing, E-
Commerce Applications / Solutions, Animation and Multimedia
Development, Business Transcription, Legal Transcription, Medical
Transcription, E Publishing and Call Center Solution.
The Party of the Second Part doing the business of Computer related
Operations & Vendor management.
The party of the First Part appointed the party of the Second Part as
Franchisee for Vellore District.
The Party of the First Part agreed to collect the sources of work
from MNCs, Government Organizations such as Central and State
Government Project Works and assign to the party of the second part.
The charges for execution of work will be decided by the parties
mutually and job wise business agreement has to be executed as and
when necessary.
The party of the First Part already issued a Franchise Certificate
for the period of ONE YEAR commencing from 28.08.2008 to 30.08.2009
and can be extended for further period as mutually decided by the
Parties.
The party of second part agreed to pay sum of Rs. 15,000/- per system
as service charges for providing job work to the Party of the First
Part which should be as follows 75% when the time of NDA & rest of
25% should be paid as 1 month PDC.
The Party of the First Part agreed to pay commission to the party of
Second part on the work directly executed by the party of the First
part, on job to job basis as mutually decided by the parties.
The party of the First part agreed to pay the monthly billing either
direct to party of the second party or to the Vendor.
The party of the First part will pay the monthly billing on ever
month 10
th
to 15
th
of English calender.
The party of the First Part agreed to provide stationeries,
applications forms, Syllabus, Training Materials, Books, software
tools, Trainer training to the party of the second part / Vendor. And
the party of the second part agreed to remit the party of the First
part, the amount collected from vendors for the above said items,as
mutually decided.
The party of the First Part will dedicate the 10% of monthly billing
from vendors and which should be consider as the charges of 3
rd
party
QC & Service Charge, in which 2.5% will be paid to the party of the
Second part.
The Party of the Second Party or their Vendors should have minimum of
15 system with good environment and they can have maximum any number
of systems.
The party of the Second Part agreed to send the Profile of all
vendors for approval to party of the first party and party of the
first part has power to inspect the Franchises at regular intervals
and the cost of inspection has to be met by the party of the Sencond
Party or their Vendors.
The party of the First part should not take the Vendors directly
thouse who are appointed by the party of the Second part.
The party of the First part has the rights to reject the vendor
profile if it is not satisfied when the time of cross verification.
The party of the first party has the rights to cancel the Franchisee
Agreement of the party of the Second part when the non performance on
allotting the vendors on mutually decided.
The above said conditions can be modified / amended as mutually
decided by the parties.
IN WITNESS WHEREOF THE PARTIES HERETO HAVE SET THEIR HANDS AND
SIGNATURE THE DAY, MONTH AND YEAR ABOVE WITEEN.
SIGNATURE & SEAL SIGNATURE & SEAL
OF FIRST PARTY OF SECOND PARTY
WITNESSES
1. 2.