MEMORANDUM OF UNDERSTANDING

This Manpower sourcing Agreement is entered into effective as of 23rd December 2022 by and between Rainbow
HVAC Systems,with its place of business at 8-2-629/1/9/3, Flat No-3, Banjara Basgera Apartment, Road No-
12, Hyderabad, Telanaga-500034 and Dhanush EnggServices (India) Pvt. Ltd., with its principal place of
business at H.No:6-3-788/A/12, Durga Nagar Colony, Behind KLM Shopping Mall, Ameerpet, Hyderabad.

SCOPE OF WORK:

That Dhanush EnggServices (India) Pvt.Ltd. has entered into an agreement with Rainbow HVAC Systems,
whereby we agree to provide Placement Services for hiring skilled personnel to Rainbow HVAC Systems, as per
the requirements provided from Rainbow HVAC Systems, time to time.

Dhanush EnggServices(India) Pvt. Ltd. undertakes to provide candidates who are qualified with relevant
experience as stipulated in the requirement. Rainbow HVAC Systems, shall intimate Dhanush
EnggServices(India) Pvt. Ltd. in writing / by email regarding the number of people required by Rainbow HVAC
Systems, with detailed job description, relevant qualifications and required skills sets. Dhanush
EnggServices(India) Pvt. Ltd. shall source and provide suitable candidates within the accepted timeframe on
receipt of the communication from Rainbow HVAC Systems.

We also agree to give Training on discounted price to the RAINBOW HVAC SYSTEMS (Employer), who Hires
and send candidates for training to us. We also give discounted priced for training to the candidates if the employer
want the candidate to pay the training FEE, the same to be communicate to us via email. The discounts will be given
for e-learning modules, Video Recorded Training and Classroom Training.

We request Rainbow HVAC Systems (Employer) to inform, candidates from other sources who came to interview
and got rejected in Interviews about Dhaunsh and its training and placement support.

Agreement

NOW, THEREFORE, the parties agree as follows:

1. Throughout the term of this Agreement, Dhanush EnggServices(India) Pvt. Ltd. will use its best efforts
to procure and refer to Rainbow HVAC Systems, candidates whose qualifications match the
specifications for the Search Position and otherwise provide the Services to Rainbow HVAC Systems, to
assist Rainbow HVAC Systems in filling the Search position. Dhanush EnggServices(India) Pvt Ltd
shall at all times perform the Services in a professional manner that, in Rainbow HVAC Systems,
reasonable opinion, reflects positively on Rainbow HVAC Systems

2. Rainbow HVAC Systems agrees to pay the Service Charges to Dhanush EnggServices (India) Pvt. Ltd.
for its provision of the Services(if applicable) in accordance with the terms of this Agreement.

3. Commercial Terms:
Any Position Charges @ 8.33% Gross Annual Salary of the Candidates, plus GST applicable.

4. The Search Fee shall be payable as follows:

(a) Within 30 days after a candidate referred to Rainbow HVAC Systems, by Dhanush
EnggServices(India) Pvt. Ltd. Commences employment in the Search Position.
 5. If an employee hired as a result of the Dhanush EnggServices(India) Pvt. Ltd. efforts, terminates for any
reason, or is terminated from his/her position within three (3) months from the date of employment,
Dhanush EnggServices(India) Pvt. Ltd. will provide a 90-day replacement search if Rainbow HVAC
Systems, notify in writing within five (5) working days concerning all relevant information about the
termination.

6. All the interviews will be scheduled with mutual consent.

7. This Agreement will be governed by and construed in accordance with the laws of India as applied to
agreements entered into and to be performed entirely within India.

8. VALIDITY: That the parties mutually agree that the tenure of this agreement will be valid for a period of 5
Years.

IN WITNESS WHEREOF, the parties have caused this Agreement to be executed by their duly authorized
representatives:

  Dhanush EnggServices(India) Rainbow HVAC Systems

Pvt. Ltd.
Authorized Signatory    
Title/ Designation    
Signature    
Date of Signing