Review & Execute the Annually Services Agreement

The User shall read and accept each of the ten Articles in turn. Each Article so accepted shall form the corresponding page of the executed ten-page Agreement between Tender Labs and the User.

Preamble & Recitals

THIS SERVICES AGREEMENT (the “Agreement”) is made and entered into on the date of electronic execution recorded herein, BY AND BETWEEN GeMTech PARAS Solutions Private Limited, operating under the brand Tender Labs, of the First Part (hereinafter referred to as “Tender Labs”, which expression shall, unless repugnant to the context, include its successors and permitted assigns); AND the subscribing client identified in Article X, of the Second Part (hereinafter referred to as the “User”, which expression shall, unless repugnant to the context, include its successors and permitted assigns). Tender Labs and the User are hereinafter referred to individually as a “Party” and collectively as the “Parties”.

WHEREAS, Tender Labs is engaged in the business of providing marketplace facilitation, bid management, catalogue, representation and allied professional support services;

AND WHEREAS, the User desires to avail such services upon the fixed-fee plan and elections recorded in the Articles that follow;

NOW, THEREFORE, in consideration of the mutual covenants, undertakings and consideration set out herein, the receipt and sufficiency whereof is acknowledged, the Parties hereby agree as follows:

Step 1 of 6 · Articles I & IX

Engagement, Term & Consideration

Accepted: 0/5

Articles I & IX — Step 1 of 6

Engagement, Term & Consideration

Complete Your Company Details before executing the Agreement.

Enter the UTR / payment reference for the amount remitted.

The User hereby engages Tender Labs for a term of 12 months. The User shall pay the fixed fee recorded in the Commercial Summary, billed upfront for the term, in consideration of the services enumerated in Article II. Such fee is consideration for the services rendered and shall not be construed as consideration referable to any order won by the User.

In simple words: the User pays ₹2,58,750 plus GST upfront for the 12-month term. If the User also wins orders, a separate success fee applies, as set out in Article IV.

Plan term12-month · Annually

Fixed cost / month₹25,000

Term discount−13.75% (saves ₹41,250)

Billing instrumentNACH auto-debit

Success-fee rate3% of business won

Advance retainer payable (incl. GST)₹3,05,325

Is the fixed fee deducted from the success fee?No — the success fee is payable in full, over and above the fixed fee

Article IX

Consideration Payable at Execution

The following consideration is payable by the User to Tender Labs at execution of this Agreement. GST at 18% is included in the total stated below.

In simple words: the User pays ₹3.05 L today. Nothing further is due until the User wins an order.

12-month Annually contract

Monthly fixed cost₹25,000

Payment for 12 months₹3,00,000

Advance-payment discount (−13.75%)− ₹41,250

Discounted value₹2,58,750

GST @ 18%+ ₹46,575

Total payable at execution (incl GST)₹3.05 L

The User shall remit ₹3.05 L to Tender Labs and record the UTR / transaction reference of that remittance below. The Proforma Invoice and the draft Agreement may be downloaded without it; the Agreement cannot be executed until a valid reference is recorded.

Pending — no payment reference recorded yet

Use the bar below to accept this step covering Articles I & IX

Review step

1 of 6 · 0/5 accepted

Payable at execution

₹3.05 L

Success fee

3% on wins