Memorandum of Understanding (MOU)

This Memorandum of Understanding (MOU) is entered into on 30/01/2024 by and between

Assetgro Fintech Private Limited, hereinafter referred to as "StockGro" and “MINDBEND 2024,SVNIT-Surat”
located at Ichchhanath Surat- Dumas, Road, Keval Chowk, Surat, Gujarat 395007, hereinafter referred to as
“Mindbend”

“StockGro” and “ Mindbend are hereinafter individually referred to as “Party” and collectively referred to as
“Parties”.

Name of the PrepZone: Dalal Street

Name of the Fest: Mindbend
StockGro PrepZone Start Date and End Date: 4th March 2024 - 5th March 2024
PrepZone Finale Round Start Date and End Date : 15th March

1. Purpose

i. This MOU establishes the provisions committed by Mindbend and the commitments made by StockGro
to Mindbend along with the specific details and particulars to promote theoretical and practical learning
about Stock market investments with all the students of Mindbend ii. Both Parties agree to collaborate
on activities aimed at equipping the students of Mindbend with valuable knowledge and skills related to
the stock market
iii. StockGro shall provide its platform to conduct a One-time virtual stock simulation PrepZone for the
students of Mindbend along with technical support throughout the event.

2. Agreed Deliverables

i. The Parties acknowledge that specific deliverables shall be mutually agreed upon and accepted as an
Annexure A to this MOU. The annexure shall outline the details, timelines, and terms of the deliverables,
including the scope of work and responsibilities
ii. The Parties agree that the deliverables mentioned in the annexure shall form an integral part of this
MOU and shall be binding upon both Parties upon mutual acceptance.
iii. The Parties further agree that the process of agreeing upon the deliverables shall be conducted over
separate email communication. Both Parties shall exchange written acceptance of the deliverables via
email, clearly indicating their agreement. Once accepted, the agreed-upon deliverables shall be
attached to this MOU as an annexure.
iv. In the event of any conflict or inconsistency between the terms of this MOU and the annexure, the
provisions of the annexure shall prevail.

3. Confidentiality

i. Both parties agree to maintain the confidentiality of any non-public information shared between them
during the term of this MOU.
ii. Such confidential information may include, but is not limited to, proprietary or confidential information,
trade secrets, or personal data.
iii. Each party agrees not to disclose such confidential information to any third party, unless
required by law. This clause shall survive the termination or expiration of this MOU indefinitely. iv. Any
breach of this confidentiality clause shall be subject to legal action.
4. Intellectual Property

i. All intellectual property developed or created during the course of this collaboration shall be the sole
property of the party that created it, subject to any licences or agreements entered into by both parties.
ii. Neither party shall use the other party's intellectual property without obtaining prior written consent.
iii. In case of any infringement or unauthorised use of intellectual property, the party owning such
intellectual property may take legal action against the infringing party.
iv. This clause shall survive the termination or expiration of this MOU indefinitely.

5. Liability

Notwithstanding anything else in this MOU, both parties agree to indemnify, defend, and hold harmless the
other party, its affiliates, officers, directors, employees, and agents from and against any and all claims,
liabilities, damages, losses, costs, or expenses arising out of or in connection with any breach of this MOU
or any act or omission by either party. The total liability of each party under this MOU shall be limited to INR
10,000/- (Indian Rupees Ten Thousand only) in the aggregate for all claims, liabilities, damages, losses, costs,
or expenses arising out of or in connection with this MOU except as explicitly provided otherwise in this
MOU. This limit on liability explicitly excludes claims related to unforeseen technical glitches, app
malfunctions, software interruptions, or technical downtime during the event. In such cases, neither party
shall be entitled to claim any amount within the stated limit of INR 10,000/-.

In the event of any unforeseen technical glitches, app malfunctions, software interruptions, or technical
downtime during the course of the event, Stockgro, its employees, shareholders, officers, directors hereby
expressly disclaim any liability for any loss, damage, or inconvenience suffered by Mindbend, SVNIT or any
other party involved. It is acknowledged and agreed by all parties that such malfunctions are unprecedented
and beyond the reasonable control of Stockgro. This disclaimer extends to any present or future
consequences arising from such technical issues. By entering into this Memorandum of Understanding
(MOU), all parties acknowledge and agree that StockGro shall not be held responsible for any direct, indirect,
incidental, consequential, or special damages, including but not limited to loss of data, revenue, or profits,
arising out of or in connection with any technical issues encountered during the event. This disclaimer
encompasses the entire extent of Stockgro's responsibility and liability regarding technical disruptions and
is binding on all parties involved in the MOU.

6. Term

This MOU shall commence on the date of signing and shall remain in effect until the completion of the stock
simulation PrepZone. Upon the completion of the stock simulation PrepZone, both Parties acknowledge that
there may be post-program obligations and deliverables to be fulfilled as agreed upon in the Annexure
referenced in Section 2. Such obligations and deliverables outlined in the Annexure shall continue to be
binding upon both Parties even after the completion of the stock simulation program, until such obligations
and deliverables have been fulfilled. The Parties agree to act in good faith and diligently fulfil their respective
obligations as outlined in the annexure.
7. Governing law

This Agreement shall be governed by and construed in accordance with the laws of India and both parties
submit to the exclusive jurisdiction of courts in Bangalore, India in respect hereof.

8. Entire Agreement

This MOU, including all attached annexures, constitutes the entire agreement between the parties and
supersedes all prior oral or written agreements, understandings, or representations. Any modifications
or amendments to this MOU must be in writing and signed by both parties.

IN WITNESS WHEREOF, the parties hereto have executed this MOU as of the date first above written.

For Assetgro Fintech Private Limited For Co-curricular Affairs council, SVNIT

Co-curricular Affairs council, SVNIT

Name: Mr. Varun S. Arora
Chief - Growth, Partnerships & Community
StockGro

Authorised Signatory Authorised Signatory

 Annexure A
Hello Mindbend,SVNIT

We are ecstatic about our partnership with you.

Enclosed with this email, you will find the Memorandum of Understanding (MOU) that outlines the terms and
conditions of our partnership. We kindly request you to review the MOU carefully and sign it to indicate your
acceptance and agreement.

Additionally, we have listed the deliverables that require agreement and action from both parties. Please review
the deliverables carefully and respond to this email with the word "Agreed" as an acknowledgment of the
deliverables. Once confirmed, the specified actions will complete the Memorandum of Understanding (MOU).

Stockgro Deliverables:

Deliverable Description Tentative Target date

Provide Stockgro platform and technical Assisting with the Stockgro platform 15th March
support and providing technical support as
needed

Social media promotion Promoting the PrepZone on 1st March

Instagram, LinkedIn, and Twitter

Sponsorship component
Referring to the *diagram for details of
the sponsorship component

Stockgro winners’ certificate 20th March

Issuing certificates to the top 5 players

Stockgro organisers certificate Providing certificates to all the 20th March

organisers
*Sponsorship Component

LEAGUE POOL FINALISATION

Total League Registrations League prize pool as Stockgro bonus

100 1,000 StockGro Bonus

250 2,500 StockGro Bonus

500 5,000 StockGro Bonus

1000 10,000 StockGro Bonus

*Amount is not withdrawable, its an in application currency that can be utilised in the StockGro shop
 EVENT SPONSORSHIP (applicable to colleges who have pre-agreed on the sponsorship)

Total number of registered users who enrolled

into the league Cash sponsorship
250 - 500 INR 10 per lead signed up

501 - 1000 INR 12 per lead signed up

1001 - 1500 INR 13 per lead signed up

1501 - 2000 INR 14 per lead signed up

2000+ INR 15 per lead signed up

**Per user signed up here refers to user registering for the prepzone event and
downloading the Stockgro app to enrol into the private prepzone

College Deliverables:

Deliverable Description Tentative Target

Date

Sponsor or Partnership shoutout Stockgro will provide creatives, logo, and shoutout guide 1st March

Promote Stockgro on Mandatory promotion on platforms such as Instagram, 1st March

College/Club social media LinkedIn, Facebook, Twitter, etc.

Deadline for user participation Ensure all users sign up for the event and actively 3rd March
participate

Testimonials from winners Request users to post testimonials and tag Stockgro 8th March

Testimonials from organisers Organisers to post testimonials and tag Stockgro 8th March

Feedback form Completion of feedback form 25th March

Terms and Conditions:

1. The PrepZone requires a minimum of 30 participants to commence

2. Only the participants who place an order in the PrepZonewill be eligible for rewards
3. The first prize awarded cannot exceed 10% of the total Prize pool.
4. Cash sponsorship will be released upon completion of the PrepZone and fulfilment of all deliverables by
the partner college.
5. Payments will be made in accordance with Stockgro's payment cycles and will be subject to deduction
of tax as applicable on the date of payment.
6. The partner college/club will specify the type of event (Free/Paid) and the mode of participation
(Individual/Team).
7. Stockgro will distribute the bonus amount prize to the top 65% of total participants.
8. The Hosting party is responsible for resolving any pending queries or issues at least 30 minutes prior to
the event start time
9. Once the league has commenced, no additional users can be added