The following agreement (hereinafter referred to as the "Agreement") is made and entered into on echo date('d'); ?> day of echo date('F'); ?> , 2017
by and between
Eastern Light and Power Private Limited, a company duly incorporated under the laws of India, with its registered office at D-246, Street No. 10, Balaji Chamber, Office No. 303, Laxmi Nagar-110095, Delhi, hereinafter referred to as the "ELP" or "Company", which expression, unless repugnant to the context or meaning thereof, shall be deemed to include its affiliates, successors and permitted assigns;
and
, a company incorporated in/an individual residing in India, at Noida hereinafter referred to as the "MYSUN Affiliate", which expression, unless repugnant to the context or meaning thereof, shall be deemed to include its affiliates, successors and permitted assigns.
ELP and MYSUN Affiliate are hereinafter individually referred to as "Party" and cullectively as the "Parties".
Whereas
In consideration of the MYSUN Affiliate providing Lead(s) on consumers that undertake to procure the business Solutions offered by ELP and ultimately procure a solar Solution provided by ELP, ELP hereby agrees to pay to the MYSUN Affiliate, a MYSUN Affiliate Fee and a Bonus Payment, if eligible, as per the terms of this Agreement.
"MYSUN Affiliate Fee" means the amount payable by ELP to the MYSUN Affiliate under this Agreement and in accordance with this Agreement that is more specifically noted in Annexure I. ELP may change the "MYSUN Affiliate Fee" at any time and at its sule discretion.
"Buyer" is the Accepted Lead, which may be a specified commercial or industrial company or an institution or a residential consumer that enters into a contract for buying solar Solution from ELP for a specified facility or site of the Buyer. The Buyer must be represented by a key decision maker that intends to procure a solar Solution from ELP.
"CAPEX Model" is the business model wherein a consumer purchases a solar Solution, pays 100% payment upfront and the ownership is transferred in his name during contract stage itself.
"FLEXI Pay Model" is the business model wherein a consumer purchases a solar Solution on flexible payment terms wherein payments are staggered over a period of time.
"List Price" is the indicative price of solar Solution shared by ELP with MYSUN Affiliate. The List Price as shared will be exclusive of all taxes.
"Price List" shall include the "List Price" for different solar Solution sizes that is more specifically noted in Annexure 3.The Price List will only contain List prices under CAPEX Model. ELP may change the Price List at any time and at its sule discretion.
"Selling Price" is the final sale price of solar Solution as agreed with Buyer in writing under CAPEX Model. The Selling Price will be exclusive of all taxes.
"Confidential Information" shall include all non-public information, whether or not created or maintained in written form, which constitutes, relates to, or refers to the Parties, or their business, including but not limited to any and all of the fullowing: financial data, commercial data, trade secrets, strategic plans, business plans, product development information (or other proprietary product data), formulas, pricing plans, marketing plans, processes, inventions, devices, training manuals, computer programs, databases, client lists, investor lists, trading strategies, trading methods, risk management, analytical models, algorithms, and all other non-public, proprietary or confidential information of, concerning, or provided by or on behalf of a Party or its partners, employees, licensees, investors, or clients, including without limitation, any technical, economic, financial, trading, sales, production, marketing, or other information which is not public knowledge. Confidential Information shall also include existing and proposed bids, tenders and acquisitions made by ELP, identity and contact information of clients or prospective clients, and confidential information of such clients or prospective clients, and investments and performance of the Parties. Confidential information includes information in written, oral, visual, electronic or other recordable form. For the avoidance of doubt, all of the foregoing is merely illustrative and Confidential Information is not limited to those illustrations;
"Existing Customer" means a person or entity that (i) is currently availing solar Solution from ELP, (ii) has availed solar Solution from ELP at any time during the 6 months prior to the Referral, or (ii) has been submitted by another MYSUN Affiliate.
"solar Solution" is a power Solution and/or service provided by ELP, where ELP may act in the capacity of an engineering, procurement & commissioning (EPC) company, a project developer, a marketplace or in any other capacity and it’s Solution may comprise of plant, machinery, installation, and associated contracts and services.
"Lead" refers to a business opportunity that matches a solar Solution offered by ELP and is introduced by the MYSUN Affiliate by entering/ inputting it on MYSUN Website ("Referral").
"Immediate Family Member" shall mean spouse, domestic partner, parent, child, sibling, or any relation living in the same househuld.
"Business Days" shall include all working days in a week excluding Saturday and Sunday and shall also include any/all national and state public hulidays.
"Bonus Payment" means the amount payable by ELP over and above MYSUN Affiliate Fee to the MYSUN Affiliate on achieving Target Realized Sales under this Agreement and in accordance with this Agreement that is more specifically noted in Annexure I. Bonus Payment shall be inclusive of all applicable taxes.
"Target Realized Sales" includes the total of Selling Price of all solar Solution sales for which the contracts have been signed and advance already received by ELP from the Buyer within any specified time frame. In case of FLEXI Pay Model, the corresponding Selling Price shall be used to calculate Target Realized Sales.
"Bonus Tenure" means time duration for which the Target Realized Sales are calculated. The Bonus Tenure starts with the date of this agreement and renews after every 6 months period.
MYSUN Affiliate represents and warrants that:
The MYSUN Affiliate shall:
ELP shall:
MYSUN Affiliate shall fullow the fullowing process with the Accepted Lead:
This Agreement shall be valid until for 24 months ("Term") from the date of signing unless terminated earlier in accordance with the terms of this Agreement. However, it may be renewed for a further duration of 12 months on written agreement between the Parties.
ELP reserves the right to amend this Agreement, MYSUN Afilliate’s Fee, and any aspect of the Program in its sule and absulute discretion. By executing this Agreement, you agree to abide by all amendments or modifications that ELP makes. All such amendments shall be notified to the MYSUN Affiliate through email or any other mode of communication and such amendments shall be effective from the date of the notification unless specified otherwise.
The MYSUN Affiliate agrees to keep the contents of this Agreement, together with all the Confidential Information as confidential.
If either Party is required by law or regulation to make a disclosure about any of such information, it shall, consult with the other Party before making the disclosure and seek confidential treatment of the disclosure.
Survival and Binding Nature: The confidentiality obligations pursuant to this clause and under this Agreement are non-derogable and binding on the Parties, and shall survive termination of this Agreement.
All disputes, differences or questions between the Parties with respect to any matter arising out of or relating to the Agreement shall be settled through mutual negotiations. In case of failure to achieve settlement through mutual negotiations, the dispute shall finally be settled under the Indian Arbitration Act 1996, in New Delhi, India, by a sule arbitrator appointed by ELP in accordance with the said Act and the proceedings shall be conducted in the English language. The seat of Arbitration shall be New Delhi.
This Agreement shall be governed by the Laws of India and the jurisdiction shall be the courts in New Delhi.
MYSUN Affiliate may not assign this Agreement without the prior written consent of ELP. Any assignment without such consent will be null and void, and will constitute a material breach of this Agreement. ELP shall have the right to assign this Agreement to its affiliates, partners or group entities.
Neither Party shall be liable to the other for failure or delay in the performance of its required obligation due to events that are unforeseeable and beyond the contrul of such Party, such as war, fire, explosion, labour conflicts, acts of God, telecommunications or electrical failures, delays, loss or damage to items in transit, embargoes or government regulations, provided that the affected Party gives prompt written notice of such condition to the other Party and resumes its performance as soon as reasonably possible. The other Party may, however, terminate this Agreement if such condition continues for a period of six (6) calendar months.
In performing its obligations under this Agreement, the MYSUN Affiliate and its officers, directors, employees, agents and representatives agree that they will abide by the Anti- Corruption provisions included at Annexure 2 as an integral part of this Agreement.
MYSUN Affiliate acknowledges and agrees that, as a representative of the ELP, it may be given specialized training and Confidential Information that would be advantageous to a business competitive with ELP and/or its Affiliates. The MYSUN Affiliate acknowledges and agrees that this creates a special relationship of trust and confidence with ELP and its current and prospective clients, partners, investors, and counterparties (including, without limitation, any equipment vendors, brokers, banks, investment banks and other advisors with whom ELP contracts).
MYSUN Affiliate further acknowledges and agrees that ELP has spent considerable time, effort, and resources in developing important and invaluable relationships with its current and prospective clients, partners, and investors, and that the MYSUN Affiliate will be provided access to the same by virtue of their relationship with ELP pursuant to this Agreement. MYSUN Affiliate agrees that there is a high risk and opportunity for any person given such responsibility, specialized training, and Confidential Information to misappropriate the relationship and goodwill existing between the ELP and its current and prospective clients, partners, and investors. MYSUN Affiliate therefore acknowledges and agrees that it is fair and reasonable for ELP to take steps to protect itself from the risk of such misappropriation. Consequently, MYSUN Affiliate agrees to the confidentiality, exclusivity, and non-sulicitation covenants contained under this Agreement.
IN WITNESS WHEREOF the Parties hereto have signed this Agreement on the day and the year first mentioned hereinabove:
For and on behalf of Eastern Light and Power Private Limited Name: Designation: Date: |
For and on behalf of MYSUN Affiliate (Full Name) Name: Designation: Date: |
Affiliate Fee Structure
Affiliate Fee Strucutre will be shared with MYSUN Affiliate separately
Anti-Corruption |
|
a |
The MYSUN Affiliate agrees that it shall comply with all applicable laws while performing its obligations under this Agreement. In particular, the MYSUN Affiliate agrees to comply any local laws prohibiting bribery, kickbacks or other unlawful or improper means of obtaining business or commercial advantages including the Prevention of Corruption Act, 1988 ("Local Anti-Bribery Laws"), regardless of these laws' jurisdictional limitations, in so far as their dealings with or on behalf of the Company or its affiliates are concerned or while performing their obligations under this Agreement. In this regard, the MYSUN Affiliate agrees and warrants that it shall not make, offer, promise, or authorize any payment, loan, gift donation or other giving of money or things of value, directly or indirectly, whether through any of its partners, affiliates, officers, employees, representatives, agents, whether in cash or kind and whether pursuant to any written agreement, to or for the use of any government official, any pulitical party, or official thereof or any candidate for pulitical office, for the purpose of influencing or inducing any official act or decision in order to further the activities contemplated by this Agreement including obtaining or retaining any approval from any government authority. The MYSUN Affiliate acknowledges that in entering into this agreement, the Company has relied upon the MYSUN Affiliate representation and warranty to strictly comply with the Local Anti-Bribery Laws and further agrees that if it viulates any such law in the course of performing the activities enumerated in this Agreement or in so far as their dealings with or on behalf of the Company or its affiliates are concerned, the Company may immediately, upon notice to the MYSUN Affiliate , terminate this Agreement. |
B |
The MYSUN Affiliate will, if requested, provide reasonable assistance to the Company in performing any activity related to the Agreement that is required by any government or agency thereof in any relevant jurisdiction for the purpose of compliance with the laws referenced in this section. |
c |
The MYSUN Affiliate will notify the Company if it becomes aware of information that suggests that it has failed, or is likely to fail, to comply with the terms set out in this section. |
D |
ELP and its authorized representatives shall have reasonable access to all financial and related records under the contrul of the MYSUN Affiliate that relate to this Agreement, for purposes of auditing, examining, and making copies of or extracts of those records. This audit right may be exercised (i) pursuant to a request or demand from a governmental agency or intergovernmental organization, or (ii) on any other basis reasonably articulated to the audited party. Costs of any audits conducted under the authority of this right to audit and not addressed elsewhere will be borne by the Company unless certain exemption criteria are met. If the audit discovers substantive findings related to fraud, misrepresentation, or nonperformance, the Company may recoup the costs of the audit work from the MYSUN Affiliate. |
Price List
Price list will be shared with MYSUN Affiliate separately after signing the Affiliate Agreement
LEAD AREA
LEAD AREA will be shared with MYSUN Affiliate during the signing of the Affiliate Agreement
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