https://stockgro.

club/

Memorandum of Understanding
Between

Entrepreneurship Development Cell, IIEST Shibpur

&
StockGro

This MEMORANDUM OF UNDERSTANDING between Entrepreneurship Development Cell, IIEST

Shibpur represented by Mr. Arnav and StockGro represented by Mr. Abhishek Nayak recognize the
terms and conditions discussed and consented by both parties in detail.

INTENT
This agreement establishes the provisions committed by Entrepreneurship Development Cell, IIEST
Shibpur, to StockGro and those promised by StockGro to Entrepreneurship Development Cell,
IIEST Shibpur, and the particulars thereof the same.

DATE AND TERM

This AGREEMENT will become effective upon signing by all parties and will be valid from 29th May
2023 to 23rd July 2023.

Name of the Event/League: Stock-Wars

Name of the Fest: NA
StockGro League Start Date and End Date: 9:35 am June 19, 2023, to 3:25 pm June 23, 2023 (5
Trading Days)
Event Finale Round Start Date and End Date: (if applicable)

Deliverables of StockGro
1. Provide StockGro platform and Technical support throughout the event time
2. Sponsorship
a. COMPONENT 1 - Waiving off the Platform fee of INR 15,000 for conducting this event
and other costs catering to the event’s operational & support activities.
b. COMPONENT 2 - Boosting Event Shout-out posts primarily on Instagram, FB, and
LinkedIn
c. COMPONENT 3 - Kind & Cash sponsorship structure as per the below guidelines

Note:
❖ The League Prize pool distribution can be customized only before signing the MoU
❖ 1st prize cannot be greater than 10% of the Prize pool.
❖ The cash sponsorship would be released only once the league ends & partner college fulfills the entire
deliverables.
https://stockgro.club/

EVENT SPONSORSHIP

Registeres users Cash sponsorship to be

League Prize pool as who join sent to
D2C Registration StockGro Bonus the league organizing team
250 Rs 2500 101 Rs 1010
500 Rs 5000 251 Rs 3012
750 Rs 7500 351 Rs 4212
1000 Rs 10000 501 Rs 6012

Example:
After the first 100 people, 10 rupees will be added to Cash sponsorship for every new user who joins this league. For
example, if 101 members are new users and joined this league, the cash sponsorship will be INR 1010. And after 250
participants the amount will be 12 rupees per lead. The cash sponsorship will go directly to Entrepreneurship
Development Cell, IIEST Shibpur.

3. StockGro ‘Certificate of Achievement’ to the Top 5 players of the event.

4. StockGro’s Certificate of Appreciation to the Organizing team (up to 5)
5. StockGro to do Finale Winners shout-out post for the Top 2 winning teams, tagging Partner College
and the individual winners once the event ends.

Deliverables of Entrepreneurship Development Cell, IIEST Shibpur

1. A dedicated Sponsor shout-out post + story - one on LinkedIn, Instagram, Facebook, and Twitter using
the Official club/Event’s social media handles before the event starts.
a. Introducing StockGro, its USPs/Features along with the App links
b. Tagging StockGro Social Media handles our website and a creative (provided by StockGro).
Note: Partner College has to refer to the base write-up for Dedicated Sponsor shout-out from StockGro
Shout-out Guidelines before publishing the post.
(https://docs.google.com/document/d/1WH0v9sh9Yr2lWzlHavghRYJJrql0nh2SM46_9YEoLpM/edit?usp=sharing)
2. Event shout-out posts on LinkedIn, Facebook & Twitter + stories on Instagram mentioning StockGro
as an Event partner using Official club/Event social media handles and tagging our official social media
handles.
3. StockGro’s logo and Branding on the event creatives, event website, and on certificates given to
Winners/Participants
4. Engagement on the StockGro's post that promotes the event (posted on StockGro handles)
a. LinkedIn post (Min 20 comments and reactions each)
b. Facebook Post ( Min 15 reactions and comments each)
c. Twitter (Min 15 reactions and comments each)
5. Once the registrations are closed, the organizing team will mail an Invitation code to all the
participants, with instructions to ensure that users create StockGro accounts using this code.
https://stockgro.club/

6. Ensure at least 2 participants post Testimonials (regarding their gameplay experience on StockGro
and how they achieved the top rank) along with their StockGro Certificate of Achievement’ using their
personal LinkedIn handles
7. Ensure 30-sec video testimonials from the Top 2 participants / Organizers are posted on Personal
LinkedIn Handles. (StockGro Community Team will moderate)
8. StockGro Product positioning posts by at least three independent club members/organizers using
their personal LinkedIn handles. The post can mention the platform's key features in correlation to the
event conducted, and their experience, and upload their StockGro's Certificate of Appreciation.
Note: Organizers of Entrepreneurship Development Cell, IIEST Shibpur to refer to the base write-
up for the Product positioning post from StockGro Shout-out Guidelines before publishing the post.
(https://docs.google.com/document/d/1WH0v9sh9Yr2lWzlHavghRYJJrql0nh2SM46_9YEoLpM/edit?usp=sharing)

June 19 to June 23
Timelines for Deliverables:
I. StockGro team to share high-quality logos, Shout-outs Guide along with signed MoU
II. Entrepreneurship Development Cell, IIEST Shibpur to share high-quality logos along with
signed MoU
III. Entrepreneurship Development Cell, IIEST Shibpur to share details of 5 organizers, Social
media handles & D2C registrations link via FORM 1 by T minus 6 days i.e. 13th June.
IV. Entrepreneurship Development Cell, IIEST Shibpur to do Event shout-out post by T minus 5
days i.e. 14th June.
V. StockGro team to do Event shout-out post on LinkedIn, FB & Twitter by T minus 5 days i.e. 14th
June.
VI. Entrepreneurship Development Cell, IIEST Shibpur to post Sponsor shout-out post by T minus
4 days i.e. 15th June, and submit FORM 2
VII. Entrepreneurship Development Cell, IIEST Shibpur to finish comments & reactions on all 4
social handles within 48 hours i.e. between T minus 5 days to T minus 4 days i.e. before 15th June.
VIII. Entrepreneurship Development Cell, IIEST Shibpur to send details of Top 5 League winners via
FORM 3 within 3 hours of league completion i.e. by 6:30 PM 23rd June.
IX. StockGro team is to mail the Top 5 Winner certificates to the organizing team within 24 hours of
receiving the details after the League ends. I.e. by 6:30 PM on 24th June.
X. After receiving the certificates, Partner College to ensure the Top 5 participants post testimonials on
LinkedIn with certificates within 48 hours of league completion i.e. by 6:30 PM on 25th June.
XI.
(A) Details required from Entrepreneurship Development Cell, IIEST Shibpur (On 23rd June)
● Top 5 participants of Trading Simulation round - Full names, their current college name.

(B) Details required from Entrepreneurship Development Cell, IIEST Shibpur (within 12 hours After
Final round results)
● Top 2 Event Finale Winners - Full names, Photograph, their current college name, their
LinkedIn, Fb, Instagram, and Twitter profile handles
https://stockgro.club/

XII. Entrepreneurship Development Cell, IIEST Shibpur to submit Form 4 as per XI (A) or XI (B)
whichever is the latest
XIII. StockGro team to mail the Organizer certificates to the organizing team within 24 hours of receiving
the above requested Finale Winner details i.e. within 24 hours of receiving details via FORM 4
XIV. Individual organizers of the Partner College to finish the Product Positioning posts within 24 hrs of
receiving the certificates OR within 2 days of the Finale winner’s announcements, whichever is earlier.
XV. StockGro to release the cash sponsorship as per eligibility after the entire deliverables are met as
per eligibility criteria within 24 hours of receiving details via Form 5 OR within 3 days of Finale
winner’s announcements, whichever is later

Operational Timeline Before the start of StockGro league

I. The League registration window should end by 16th June 11:59:59 pm i.e. 2 days before the start
of the StockGro league.
II. Entrepreneurship Development Cell, IIEST Shibpur must email the final list of registrations to
the StockGro team by 12 pm 17th June i.e. 1.5 days before the start of the league.
III. StockGro team would publish the invite-only league (visible only to registered users) within 6
hours of receiving the data i.e. by 6 pm on 17th June.
IV. During the last 36 hours of event commencement, i.e. between 6 pm 17th June to 9 am 19th June,
Entrepreneurship Development Cell, IIEST Shibpur would be expected to send 2-3 email
reminders to the registered participants with proper instructions and guidelines - to ensure that
everyone joins the league before it starts.

Other Terms & Conditions

● Entrepreneurship Development Cell, IIEST Shibpur specifies the type of event- Free and
Individual Participation
● Entrepreneurship Development Cell, IIEST Shibpur needs to send the registration details at least
24 hours before the start of the event.
● In case it is a team event, all the team members need to be allowed to participate in the StockGro
round.
○ StockGro team will mail the entire list of players and their respective ranks to the organizing
team once the event ends upon request.
○ The best portfolio out of all members of each team can be considered for picking the
best-performing teams who would advance to further rounds.
● StockGro-The Prize in bonus amount will be distributed to the Top 65% of total Participants.
● Users cannot be added to the league once the league starts.
https://stockgro.club/

Signed, May 30th, 2023 by

Signing Authority Name, Designation Abhishek Nayak

Entrepreneurship Development Cell, IIEST Shibpur Community Associate, StockGro