MEMORANDUM OF UNDERSTANDING (MoU)

BETWEEN

Team Vertex Business Services Pvt. Ltd.,

Kathmandu, Bagmati Pradesh, Nepal

&

Growth Sellers Pvt. Ltd

Krishnagalli -3, Pulchowk
Lalitpur, Bagmati Pradesh, Nepal

FOR

 Exclusive Placement Partner for “Team Vertex Nepal”

&

 Sourcing of Trainees Jointly (Growth Sellers & Team Vertex Nepal)

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 MEMORANDUM OF UNDERSTANDING

This Memorandum of Understanding (hereinafter called as the 'MOU') is entered into on 31st
August 2021 between

Team Vertex Business Services Pvt. Ltd., Kathmandu, Bagmati Pradesh,

Nepal, tHe FIRSt PARTY REPRESENTED herein by Mr. R. ASHOK KUMAR, Competent
Authority / Representative (hereinafter referred as ‘First Party’, the institution which
expression, unless excluded by or repugnant to the subject or context shall include its
successors – in-office, administrators and assigns).

AND

Growth Sellers Pvt. Ltd., Krishnagalli -3, Pulchowk, Lalitpur, Nepal, tHE
SECOND PARty, and represented herein by Mr. Mohan Ojha , Competent A ut ho r it y /
Representati ve , (hereinafter referred to as “Second Party”, company which expression,
unless excluded by or repugnant to the subje ct or context shall include its
successors – in -office, administrators and assigns).

(First Party and Second Party are hereinafter jointly referred to as ‘Parties’ and individually as
‘Party’) as

WHEREAS:

A) First Party is a Skill Training Provider named:

(i) Team Vertex Business Services Pvt. Ltd., Kathmandu, Nepal

B) First Party & Second Party believe that collaboration and co-operation between
themselves will promote more effective use of each of their resources, and provide
each of them with enhanced opportunities.

C) Both Parties, being legal entities in themselves desire to sign this MOU for advancing
their mutual interests.

D) M/s. Growth Sellers Pvt. Ltd., Krishnagalli -3, Pulchowk, Lalitpur, Bagmati Pradesh,
Nepal, the Second Party is engaged in Placement (Hire & Recruitment)

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NOW THEREFORE, IN CONSIDERATION OF THE MUTUAL PROMISES SET FORTH IN THIS MOU,
THE PARTIES HERE TO AGREE AS FOLLOWS

CLAUSE 1 CO- OPERATION

1.1 Both Parties are united by common interests and objectives, and they shall establish
channels of communication and co-operation that will promote and advance their
respective operations within the Institution and its related wings. The Parties shall
keep each other informed of potential opportunities and shall share all information
that may be relevant to secure additional opportunities for one another.

1.2 The general terms of co-operation shall be governed by this MOU. The Parties shall
cooperate with each other and shall, as promptly as is reasonably practical, enter into
all relevant agreements, deeds and documents (the ‘Definitive Documents’) as may be
required to give effect to the actions contemplated in terms of this MOU. The term of
Definitive Documents shall be mutually decided between the Parties. Along with the
Definitive Documents, this MOU shall represent the entire understanding as to the
subject matter hereof and shall supersede any prior understanding between the
Parties on the subject matter hereof.

CLAUSE 2 SCOPE OF THE MoU

2.1 First Party (Team Vertex Nepal) requests & Collaborates with Second Party (Growth
Sellers, Lalitpur, Nepal) for the following Services …….
2.2 First Party (Team Vertex Nepal) Requests Second Party (Growth Sellers, Lalitpur, Nepal) to
be an “Exclusive Partner for Placement for Team Vertex Nepal “(No financial Obligation
for Both Parties) as referred & Agreed in the mail dated 28.08.2021. (Attached for Ready
Reference.)
2.3 Sourcing of Candidates in Nepal Jointly (First Party & Second Party) by creating a Common
Letter head for Invitation to Candidates for Team Vertex Nepal program Titled “Industry
Demand led Skill Training), First Party will conduct Training in Kathmandu & Other
provinces, Nepal (Class room Based or Virtual Based) on Successful completion of the

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 Training, Second Party shall Deploy the skill Resources for Placement in Nepal only (Skill
Sectors / Placement Sectors shall be identified by Growth Sellers or Even if required
Jointly)

CLAUSE 3 INTELLECTUAL PROPERTY

3.1 Nothing contained in this MOU shall, by express grant, implication, Estoppel or otherwise,
create in either Party any right, title, interest, or license in or to the intellectual property
(including but not limited to know-how, inventions, patents, copy rights and designs) of
the other Party.

CLAUSE 4 VALIDITY
4.1 This Agreement will be valid until it is expressly terminated by either Party on mutually
agreed terms, during which period.

4.2 Both Parties may terminate this MOU upon 30 calendar days’ notice in writing. In the
event of Termination, both parties have to discharge their obligations.

CLAUSE 5 RELATIONSHIP BETWEEN THE PARTIES

5.1 It is expressly agreed that First Party and Second Party are acting under this MOU as
independent contractors, and the relationship established under this MOU shall not be
construed as a partnership. Neither Party is authorized to use the other Party’s name in
any way, to make any representations or create any obligation or liability, expressed or
implied, on behalf of the other Party, without the prior written consent of the other
Party. Neither Party shall have, nor represent itself as having, any authority under the
terms of this MOU to make agreements of any kind in the name of or binding upon the
other Party, to pledge the other Party’s credit, or to extend credit on behalf of the other
Party.

CLAUSE 6 Mediation / Arbitration

6.1 If the parties are unable to resolve a dispute arising out of or relating to this MOU relating
hereto, including a claim based on or arising from any breach of this MOU through good
faith negotiation, then such dispute shall be referred to non-binding mediation before the
project Director, a mediator acceptable to both sides, provided however, a dispute relating
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 to infringement of intellectual property rights or confidentiality shall not be subject to this
provision.

6.2 Any Dispute: difference or Question arising out of this MOU, if not settled amicably
between the parties or the mediation under clause 6.1, the same shall be referred to sole
Arbitration under Arbitration Act 2055 and the place be Bagmati Pradesh, Nepal. The
Arbitration Award will be final and binding on both parties. The award will be enforceable
by decree of any competent court in Nepal. Either party may initiate arbitration on an issue
by tendering thirty (30 days) notice to the other party

AGREED:

for Team Vertex Business Services for Growth Sellers Pvt. Ltd.,
Pvt. Ltd., Kathmandu Lalitpur, Nepal

_ _ _
Authorized Signatory with Seal Authorized Signatory with Seal

Team Vertex Business Services Nepal Growth Sellers Pvt. Ltd

Pvt. Ltd.,
Address: 301, Central Business Park
rd
3 Floor, Thapathali, Kathmandu, Nepal
Contact Details: Mr. Ashok Kumar
Mobile Nos: 9861929839
E-mail: ashok@teamvertex.com.np
Web: www.teamvertex.com.np
Address: Krishnagalli -3, Pulchowk
Lalitpur, Nepal
Contact Details: Mr. Mohan Ojha
Mobile Nos: 9851014403
E-mail: mohan@growthsellers.com
Web: www.growthsellers.com

Witness 1: Witness 2:

Signature: Signature:
Name: Ms. Kritisha Pandey Name:
Team Vertex Business Services Nepal Growth Sellers Pvt. Ltd
Pvt. Ltd.,
Address: Central Business Park Address:
rd
3 Floor, Thapathali, Kathmandu, Nepal
E-mail: Kritisha@teamvertex.com.np E-mail:
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 Web: www.teamvertex.com.np Web:

Schedule A
1) List of Job roles in IT & ITES Skill Sector
Accredited
S. No Name of the Job role Duration
Certificate
1) Technical Support Engineer 2 Months yes
2) Associate - Customer Care (Non-Voice) 2 Months yes
3) Domestic Data Entry Operator 2 Months yes
4) CRM Domestic Non-Voice 2 Months yes
5) CRM Domestic Voice 2 Months yes
6) Associate-BFSI 2 Months yes
7) Associate-CRM 2 Months yes

Note:
i. First Party shall Add or delete Job roles as per the demand of the Industry within Nepal or
Aboard
ii. Screening of the Trainees with be done by Industry HR’s

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