CHANNEL PARTNER AGREEMENT

Between
Cosmonet Solutions Pvt Ltd
No 1-10/A, ‘Suvarna Arcade’,
2nd Main, Jayanagar 7th Block,
Bangalore - 560082, India.

And

<__________________>
_________

(hereafter “Channel Partner”)

Effective as of August 12th 2013 Cosmonet Solutions Pvt Ltd (hereafter “Cosmonet”) hereby appoints
Channel

Partner as an non exclusive Channel Partner of RADAR Plus and services in the region – Canada
(“Territory”). The products and services included in this agreement are,

1. RADAR Plus
2. Implementation
3. Annual Maintenance

The following are the terms and conditions under which Cosmonet sells its Products and Services to
Partner

1. Introduction
a. The objective of this Agreement is to document the relationship and business processes
between Cosmonet and Channel Partner in order to implement, support and sell RADAR
Plus product & services for further resale to its non-affiliated customers or third
parties.
b. All agreements made between Cosmonet and the Channel Partner and relating to
performance of this agreement shall be made in written form.

2. RADAR Plus Pricing

License Model Reseller Transfer Price($) Customer Transfer Margin

RADAR Plus
5 User License  $ 20%
20 User License $
-

3. Partner Activities
a. Partner has to undergo 2 weeks of training on RADAR Plus product
b. Training to the end customer on the product would be handled by Partner Consultant
c. Consulting partner must have at least 1 training resource to handle the entire customer
training after implementation.
d. Any scope of change request or new requirement shall be collected by the partner.

4. Sales target
a. Minimum sales target for the first year is fixed in ... (...) usd. Sales targets shall be
agreed from year to year. If sales target will not be reached by the Channel Partner,
either party may terminate this agreement as stated.
5. Annual Maintenance

Annual Maintance
Service Fixed Cost ($) Partner Margin (%)

3 Months
6 Months 15
12 Months

a. Cosmonet will handle the complete Annual Maintenance Activities for the Client.
b. AMC includes of Patch releases, Bug / Defect fixing & Tech support
c. Any of code level development, new requirement and enhancement will be handled by
Cosmonet development team.
d. Hourly charges would be applicable as defined in the Terms of Payment.

6. Quotations/Orders
a. Channel Partner must place orders in the format requests by Cosmonet.
b. Our quotations are subject to change without notice unless stated differently in the
acknowledgement of order.
c. Pre – Sales activities such as demo & Proposal vetting will be handled by Cosmonet Pre
–Sales (SPOC).
d. Our terms and conditions shall also apply to repeat orders.
e. Cosmonet has a minimum order value of $ 5000 and will not accept orders below that
value.
f. The receipt of an order will be confirmed in writing by e-mail.

7. Delivery
a. Delivery dates and delivery deadlines are non-committal unless agreed upon expressly
in written form. A new delivery date will be agreed in case of subsequent alterations to
the contract.
b. Compliance with our delivery commitments implies timely and proper performance of
the Channel Partner’s commitments, specifically compliance with agreed payment
terms.
c. If a delivery date expressly committed by Cosmonet in written form cannot be met due
to force majeure,(e.g. general mobilization, war, civil unrest or similar events, e.g.
strikes, lock-outs which are not our responsibility and occur, or are brought to our
knowledge, following the conclusion or order) the deadlines shall be extended
adequately, however at least for the duration of the event causing such delay to the
extent such hindrances can be demonstrated to have more than just insignificant
effects upon completion of work or delivery.

8. Terms of Payment
a. Payment shall be in US $, within 30 days from the date of invoice date.
b. Any of additional requirement and enhancement will be charged on hourly rate (Per
hour rate USD 20)
c. Channel Partner warrants that it shall be solely responsible for the payment of any
taxes, excises, duties, or charges incurred by it which may arise by virtue of the
transactions contemplated hereunder, or shall comply with necessary procedures to
claim exemption.
9. Changes in the Agreement
a. Cosmonet may change the terms specified in Channel Partner Agreement or any
Addendum by giving Partner sixty (60) days notice. The notice shall specify the
effective date of change.

10. Validity
a. This Agreement shall be valid for 1 year from the date of agreement executed period.

11. Termination
a. If either party commits a material or persistent breach of any of the provisions of this
Agreement, the non-defaulting party may give a written notice to the defaulting party
that, if the default is not rectified within 30 ( thirty ) days of the notice or, if not
capable of remedy within thirty (30) days of notice or, if not capable of remedy within
thirty (30) days, then commencement to rectify, or if the default is not capable of
remedy at all this Agreement shall be terminated at the end of thirty (30) days from
the date of notice.
b. Cosmonet shall have the right to terminate this Agreement with effect immediately on
issue of notice on account of failure by the Channel Partner to achieve two consecutive
12 monthly forecasts submitted on a quarterly basis.

12. Confidentiality
a. Confidential Information shall mean any and all information / documents exchanged by
Cosmonet with the Reseller under the terms of this Agreement or incidentally thereto,
and shall not be limited to but include documents, details, manuals, accounts, business
plans, quarterly analysis reports, on-line information Web-site, data development
materials and the delivery material and updates communication network, electronic
commerce support services and other allied services, dedicated reports, End-user
database, financial information, data feed, formula and pricing information and all
other documents, or any other information of RADAR Plus, whether disclosed to the
Reseller via oral, graphic, written, electronic or machine readable form, whether or
not the information is expressly stated to be confidential or marked

13. Miscellaneous:
a. Neither Channel Partner either directly or indirectly solicit any of the other party’s
employees to leave and work for itself, or its clients, either as employees or as
contract personnel through another agency without the written approval of the other
party, for the duration of this Agreement and for an additional period of one year after
the expiration of this Agreement.

b. IN WITNESS THEREOF, the parties have executed this agreement as the date of this
Agreement on the day and date appearing above.
For Cosmonet Solutions Pvt Ltd < Partner Company Name >

Signature : ___________________ Signature : _______________________

Name : Anand Amur Name :
Designation : CEO Designation :
Date : January 30, 2012 Date :

Witness 1 :

Name : ______________________

Designation : ______________________

Date : _____________________

Witness 2 :

Name : _______________________

Designation : _______________________

Date : _______________________