AGREEMENT

in Tenn and termination:

This Agreement is executed on the date mentioned in the
IT 2. This Agreement shall be for a period mentioned
the Annexure (Agreement) between IRC CRED by either party by 1 month
Annexure, unless terminated
MANAGEMENT SERVICES LIMITED ' a at
prior notice to the other herein, and will be renewed
comp any duly incorporated under the Companies Act, Termination of this
the option of IRC CML.
1956, having its registered office at 106 JOY VELENCIA not affect any obliga tions and liabilities
Agreement, shall
JVLR JOGESHWARI EAST MUMBAI, herein represented of the Other Party that are accrue d prior to effective
as
by its authorized signatory, (hereinafter referred to date of termination.
"IRC") AND RADHIKA AGRAWAL the party, Billing & payment:
the
whose particulars, in detail, are as mentioned in 3. As per the consideration agreed in the Annexure,
and
of this Agree ment (herei nafter referre d to as confir matio n from IRC
Annexure after first obtaining the written
"the Other Party''). The expressions shall, unless
or CML on the amou nt to be invoiced, the Other Party
repugnant to or inconsistent with the context shall send its invoice within 7 days of subsequent month
meaning thereof, mean and includ e (as the case may the
rs, along with reports and IRC CML shall pay
be) their legal heirs, executors, administrato undisputed amou nt within 30 worki ng days of receip t,
successors and assign s. t to valida tion and verific ation. The Other Party
11 subjec
WHEREAS: tax
a shall be fully liable and responsible for any or all
IT MAN AGEM ENT SERV ICESf return s, etc.
1.IRC CRED related requirements, including filing of
LTD is engaged in Risk Management and Risk Conditions:
Assessment Debto r Analysis and Receivable 4. The Other Party shall provide the Services as per the
management and is looking to avail certain services requirements of IRC CML from time to time.
which the Other Party offered to provide, and IRC 5. The Other Party shall be liable and responsible for and
CML agreed to engage the Other Party on non- also assume all risks and consequences arising out of
the
exclusive basis, on terms and conditions agreed Services being provided and sub-contractor related
herein. issues.
NOW THIS AGREEMENT WITNESSETH AS 6. The intellectual property rights associated with IRC
FOLLOWS: CML shall always vest with IRC CML only.
Services: 7. The Other Party shall maintain complete confidentiali
ty
1. The services agreed to be provided by the Other of any or all inform ation of IRC CML or such other
Party herein shall include: (i) background verification inform ation, that are confidential, that it comes to be in
check ing of docum ents other than KYC, the
of assets, possession of; and this obligation shall survive
supply of computer consumables and other office termination or expiration of this Agree ment.
automation related services and Various Kind of 8. The Other Party shall defend, hold harmless, indemnify
Business Support Services which can incurred from and keep indemnified IRC CML from and agains
t all
time to time. es, claims , etc., arising out of acts and
losses, damag
deeds of the Other Party, its sub-co ntract ors, etc.
and
9. Th~ C?ther Party shall not assign its rights
obligations under this Agreement.
10. The Other Party shall at all times be compliant of
ing
statutory/ regulatory requirements/licenses, includ
labour laws, to the extent applic able. The Other Party
for
shall be and alone be fully liable and responsible
uence s arising out of any non-c ompli ance in
any conseq
regard and shall fully absolv e IRC CML of any
this
such consequences in this regard.
11. Any dispute shall be referred to and finally settled
by sole arbitration appointed by IRC CML' condu cted
m accordance with Arbitration and Conciliation Act
.
1996, with language as English and seat, place & venu~
at Mumbai. The award of the Arbitrator shall be final
and binding on the Parties.
ued in
12. This Agreement shall be governed by and constr
t
accord:3-11~e :"i~1 the laws of India and shall be subjec
to the 1unsdict1on of the Courts in Mumbai.