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Angel One Limited (Formerly known as Angel Broking Private Limited), Registered Office: G-1, Ackruti Trade Center, Road No. 7, MIDC, Andheri (E), Mumbai - 400 093. Telephone: (022) 42319600, Fax:(022) 42319607, CIN: U67120MH1996PLC101709, SEBI Registration No.: INZ000161534-BSE Cash/F&O/CD (Member ID: 612), NSE Cash/F&O/CD (Member ID:12798), MSEI Cash/F&O/CD (Member ID:10500), MCX Commodity Derivatives (Member ID: 12685) and NCDEX Commodity Derivatives (Member ID: 220), CDSL Registration No.: IN-DP-384-2018, PMS Registration No.: INP000001546, Research Analyst SEBI Registration No.: INH000000164, Investment Adviser SEBI Registration No.: INA000008172, AMFI Registration No.: ARN-77404. Compliance officer: Mr. Rajiv Kejriwal, Tel: (022) 39413940 Email: email@example.com Brokerage will not exceed SEBI prescribed limits
*Angel one limited is offering insurance product /services in associated with ICICI Lombard General Insurance Company Limited
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Copyright - All rights reserved ! Angel One Limited (formerly known as Angel Broking Limited)
This Online Lead Generation Agreement (the “Agreement”) is entered into effective this 5th day of October, 2021 (“Effective Date”), by and between Angel One Limited (formerly known as Angel Broking Limited) having PAN AAACM6094R and its registered office at G-1 Ackruti Trade Centre, Road No. 7, MIDC, Andheri East, Mumbai – 400 093, hereinafter termed as "the Lead Buyer” which expression, unless it be repugnant to the context or meaning thereof shall be deemed to mean and include its successors, legal representatives and assigns), of the One Part;
Asset Fintech Private Limited having PAN AATCA1728P and its registered office at 3rd Floor, No 60/2,, Sri Sai Ram, Behind 13th, Cross, Margosa Road Busstop, Malleshwaram, Bangalore, Bengaluru (Bangalore) Urban, Karnataka, 560003, , hereinafter termed as the “Lead Supplier” which expression, unless it be repugnant to the context or meaning thereof shall be deemed to mean and include its successors, legal representatives and assigns), of the One Part;
Each a “Party” and collectively “Parties”
Whereas the Lead Buyer is one of the largest retail stock and commodity broking houses in India having SEBI registration to trade on the National Stock Exchange of India Ltd., the BSE Ltd., the Multi Commodity Exchange of India Ltd., and the National Commodity and Derivatives Exchange of India Ltd., in all segments, and also distributor of third party financial products having registration from concerned regulatory authorities and is keen to rapidly expand their Client base in India through customer acquisition,
And Whereas the Lead Supplier hosts a mobile app by the name of “Asset” and a website by web address https://stockgro.club/and represented to the Lead Buyer that it has high ranking traffic of visitors, largely comprised of Indian public, who may be potential Clients of the Lead Buyer,
And Whereas the Lead Supplier has agreed to insert on its website, web-link, promotional material and advertisements of the Lead Buyer for generating among the visitors of the web, awareness of and interests in the services and products of the Lead Buyer with a view to generating leads for its business,
NOW, THEREFORE, in consideration of the mutual agreements and covenants set forth in this Agreement, and for other good and valuable consideration, the sufficiency of which is acknowledged by the Parties, the Parties hereby agree as follows -
A lead for the purpose of this agreement is defined as follows:
Essence of the Agreement.
Inter-group sharing of Leads:
Data Protection, Privacy and Personal Information:
Term and Termination:
the other party commits a breach of this Agreement and, in the case of any breach capable of being remedied, shall have failed to remedy the breach within 15 days after receipt of a request in writing from the non-breaching party so to do (such request to contain a warning of the non-breaching party’s intention to terminate);
the other party becomes insolvent, is wound up or winding up proceedings are initiated against it or otherwise it compromises with its creditors;
Provided that in the event of a breach of any of the clauses defined as the essence of this agreement herein above, the Lead Buyer may terminate the agreement forthwith without prior notice.
Provided further that termination of this Agreement, irrespective of the circumstances resulting in termination, shall not affect any accrued rights of either party, nor shall it affect the coming into force or the continuation of any provision that is expressly or by implication intended to come into or continue in force on or after such termination. For removal of doubt, it is clarified that except for the accrued rights saved to survive termination in terms of the second proviso hereinabove, no other or further rights shall accrue in favour of a party nor shall a party incur any other or further liabilities under this agreement, subsequent to its termination in accordance with the terms of this clause -22.
Upon expiration or termination of this Agreement for any reason:
(i) the Lead Supplier shall cease to perform the services, and the Lead Buyer shall pay to the Lead Supplier all sums due to the Lead Supplier as a result of the services properly performed through until the effective date of such expiration or termination; and
(ii) each of the Parties shall perform their respective obligations and undertakings in this Agreement with respect to Confidential and Proprietary Information.
Expiry or termination of this Agreement will not:
(i) prejudice any right of action or remedy that may have accrued to either Party prior to that expiration or termination; and
(ii) release either Party from any liabilities or obligations hereunder that remain to be performed or by their nature would be intended to be applicable following expiration or termination, such as indemnification rights and confidentiality obligations.
Intellectual Property Rights:
If to the Lead Buyer :
Angel One Limited,
Ackruti Star, 5th and 6th Floor,
Central Road, MIDC, Andheri (East),
Mumbai, Maharashtra – 400 093.
If to the Lead Supplier:
Assetgro Fintech Private Limited
Flat No. 60/2, 3rd Floor Sri Sai Ram behind
13th Cros, Margosa Road, Malleshwaram,
Other Miscellaneous provisions:
(i) the arbitration proceedings;
(ii) any direct or indirect challenge to the validity or applicability of this arbitration clause to any claim, dispute, difference or controversy; and
(iii) any challenge to the award and its enforcement.
Modification and Agreement Validity
(i) Flat fee payable on any slab is a one-time payment.
(ii) Flat fee on any slab shall be computed by multiplying the slab rate by the total number of Clients converted in a calendar month, provided that the trade activation percentage is not less than the minimum activation percentage applicable to that slab.
(iii) Where trade activation percentage achieved in any month is less than the percentage applicable to a slab, Flat fee shall be computed by multiplying the slab rate and the number of Clients who were activated and who also traded in that month.
For e.g. if, on slab “S1”, trade activation from 50 Clients converted in a calendar month is 25% or more, i.e., 12 or more, Flat fee shall be Rs. 10,000 (Rs. 200 x 50). If in this example, trade activation is less than 25%, say 7, Flat fee shall be Rs. 1400/- (Rs. 200 x 7)
(i) Variable Fee on any slab shall be computed by applying the applicable slab percentage on the gross revenue generated in a calendar month by all converted Clients from the Effective Date, provided that the trade activation percentage is not less than the minimum activation percentage applicable to that slab
(ii) Where trade activation percentage achieved in any month is less than the percentage applicable to a slab, Variable Fee shall be computed by applying the applicable variable fee percentage to the revenue generated by Clients who were activated and who also traded in that month.
For e.g., if, on slab “S1”, trade activation from 50 Clients converted in a calendar month is 25% or more, i.e., 12 or more, Variable fee shall be 20% of the total revenue generated by all converted Clients from the Effective Date. If, in this example, trade activation is less than 25%, say 7, Variable Fee shall be 20% of the revenue generated by 7 Clients who were activated and who also traded in that month.
Billing Cycle and Mode of payment:
All fees owed to the Lead Supplier by the Lead Buyer shall be due and payable within thirty (30) days of the billing cycle which is the 10th day of every month.
IN WITNESS WHEREOF, the parties have executed this Agreement as of the day and year first set forth above.
For Angel One Ltd.
Mr. Ajay Dusane
Title: Head - Preference , Brand & Corporate Communications
For Asset Fintech Private Limited