DURATION / TERMINATION / EXTENSION

To begin with, the period of this agreement (between 3P & TV channel) will be for one year. The agreement will be irrespective of / independent of the no. of episodes staged during this one year period.

To begin with there will be two episodes per week, but, depending upon the response from the viewers and the corporate, this frequency may be increased after mutual consultations between the parties.

The agreement may be renewed at the end of the initial one year period, by prior mutual discussion & consent, upon same/revised terms & conditions.

The agreement can be terminated by any party, giving to the other party, a notice of 3 months.

Exclusivity

This will be an exclusive agreement and during the pendency of this agreement, neither party shall tie-up with or enter into any similar arrangement with any other party, which basically utilizes / capitalizes on the concept of multimedia based (TV channel + Internet jobsite) online match making of jobseekers with vacancies / positions.

It is possible to extend this multi-media, online matchmaking concept to other areas such as

-      Matrimonial services

-      Buy / Sell services etc.

In case the TV channel partner wishes to design / develop / produce / host such programs / services utilizing above-mentioned concept, 3 P will have the “first right of refusal” as far as partnering / participating in such a project is concerned.

Disputes

In case of any dispute or difference of opinion arising between the partners, the same shall be referred to arbitration under the provisions of the Arbitration & Conciliation Act, 1996.

Residual Liabilities

When this agreement / MoU ceases to exist, whether by expiry or by termination, both parties explicitly undertaken to discharge their respective liabilities /obligations to each other and their obligations to any third party, arising out of the conditions of this agreement / MoU.

Time Frame

We should target to launch this program within four months of

Ø  Signing of appropriate, legal agreement between the parties and

Ø  Payment to 3P (for ”resources-mobilization” of Rs.5 crores by the TV channel,

Whichever is later.

Co-Branding of S.Kumars.com.Ltd.

3 P Consultants have been elected by S.kumars.com.Ltd (SKCL) as the exclusive “content / services providers” on their V-SAT network, as far as Jobs & Careers is concerned.

Thru 50,000 franchisees (cybercafés)located in 3000+ cities/ towns, this V-SAT based network will cover the entire country.

Each of these Cybercafes will be equipped with a multi-media computer & video camera, so it is possible for a jobseeker to attach his audio/video file to his (text) resume.

SKCL could be invited to sponsor / co-brand the KBB program. In such an event, the host will advise the viewers to submit their resumes online on www.3Pjobs.com,

THRU SKCL FRACHISEE NETWORK

(50,000 Cybercafes)

This will help SKCL generate substantial revenue for itself & for its franchisees.