1). Franchise/party B profit sharing with the company party A will be on the basis of kit price Ratios, that will be company 40% and Franchise will be 60% (around 5% extra for value additions on prier permission from company)and details will be explained at the time of training.

• Regrowth Treatment package (30 days)                      Rs   35000  +Tax                      
• Dandruff and Hair Fall Control 10 days Treatment   Rs   12000  + Tax
• iii. Hair Maintenance Single Sitting                                  Rs    1200    + Tax
• Yearly Maintenance, 2 sitting per/Month                 Rs    28000  + Tax 

Party A reserves the right to change the Ratio/ pricing for their Products/ kits, training/company fees as and when required from time to time for the growth of business and in accordance with raw material and manufacturing cost.   

Please note: There is no change in price of products for one year and there is no change in company royalty charge for two years. w e f from the date of signing the franchise agreement.                                                                        

2). Other products can also be purchased by Franchise from party A on permission on marginal discounted price fixed by party A . All confirmed orders are to be paid in advance at least one week before.(kit cost  plus packing & freight charges). However, a minimum order of 5-10 kits of 30 days with a reasonable quantity of counter sale products is mandatory on startups. The products and kit materials given to Franchise will not be exchanged or refunded.

3). After signing the agreement or taking training certificate, Party B not able to do any financial transactions for 90 days from  the date of signing agreement or Taking training certificate. Franchise will lose eligibility of doing business in the area allotted to him by the party A. However within 3 months’ time, he may choose a new location in his allotted surrounding area, where no Franchise has aroused. In this matter party ‘s decision is final and binding to party B .(In such cases also franchise fees and training fees will not be refunded).    

4). The Period of agreement of second party ( B) will be 10 years, first five years will be yearly auto renewal. After five years the company can renew Franchise/ party( B) with new terms and conditions for additional five years on yearly renewal basis. If the franchise did not agree for revised conditions and new agreement after five years, Franchise will automatically lose franchise continuity with party A /company.

5). Company party (A) has appointed Matrical Technologies Pvt Ltd, represented by Mr Amith k, as a marketing agency for to appoint Franchises and sending them to party A office for agreement and Training and developing party A, by selling designated kits, digital marketing, providing software in party A and party B offices.

6). Franchise has no right to claim external marketing support after 27/01/2029  as the Marketing agency period ends. Its fully discretion of the company to appoint new marketing agency or stop or continue with existing marketing agency. Each franchise agreement will be duly signed by Mr Amith k as a witness. Franchise should  use the mandatory software permitted by  Vinoot Herbal  specialties & developed by Matrical Technologies Pvt Ltd, for Billing, Accounting, Management, Inventory Management, Mobile apps for patients.                                                                                           

7). Franchise can request Matrical Technologies Pvt Ltd, for additional software if necessary for franchise to use at their own cost, other than mandatory Software taken by Matrical Technologies Pvt Ltd, must be with permission of party A, Party(B) has to take Marketing  support from Matrical Technologies Pvt Ltd, to sell  30 day kit in his premises is Mandatory, in turn Matrical Technologies  Pvt Ltd, agreed to bring 20  customers of 30 days kit users to each Franchise for every month from the date of signing the Agreement with party A . This 30 days kit will cost Rs 5000+Tax to be paid to Matrical Technologies Pvt Ltd from party B /franchise.

This cost also includes searching Franchise place, setting up of software Recommended by party A, organizing financial requirement from Banks and other institutes, organizing doctors, total office setup in the beginning (startups). 

8). Party(B) can take marketing support for items of page 2/3,(no- 2,3,4,kits) for 3 months without any marketing charges as a startup gesture. However marketing support for item 2,3,4 is discretion of Party(B).If franchise agrees to take marketing support after 3 months, party (B) has to pay some amount fixed by company(party A) to Matrical  Technologies Pvt Ltd. A supplementary memo will be Issued to  Party(B) and Matrical Technologies Pvt Ltd by party A.

9). Franchise/ Party(B) Has to complete minimum 100 (one hundred) regrowth 30 day kits (Serial no’s 1 mentioned p2) within twelve months of operation at his premises is mandatory with support of Marketing Agency.                                                                                                                       

10). Company/Party A Can Inspect the Premises Of Franchise Party(B) at any time, at this time Franchise has to show the ongoing/completed treatments ledger to party A. or any appointed representative.

11). Party B should not indulge in selling of therapy products/adulteration with party A/company products, bringing bad image to company in any manner, which may lead to termination of contract with penalty/damage charges.                   

12). Franchise/ Party (B) has to appoint one Ayurveda doctor in his premise is mandatory. Franchise (Party B) should strictly follow the following instructions :                                               

13). Each hair regrowth 30 days kit assignments made with each patient, should cover, patient name, address, phone number, case history data, along with treatment fees fixed should be entered in the prescribed model consent form  given by  company/ party A. which should be duly signed by the customer along with place and date. And the same photo copy should be sent to the company after signing of the assignment and this is Mandatory.

14). Any dispute arising with the customer/patient should be resolved amicably and any financial damages arising should be borne by the Party B only. However such matters should be brought to the notice of the company immediately. All concerned tax matters should be handled by Party B, company is not responsible in this matter. party B  is fully responsible for any damage in their Centre, or any business loss.                                           

15). Requirement & Duties Of the Franchise/Party- B                                             

       1.Franchise Should Have at Least 250 sq. feet area for the above Said business.

Please note: This requirement/Material requirement as basic need for individual Franchise, However this will be decided by company with taking views from Matrical Technologies pvt ltd. Area requirement varies depending on type of city, location and assignment as Franchise, Lead Franchise and Master Franchise.                                                                                                            

2. One therapist has to be arranged by Franchise Initially then he can appoint more as and when requirement as business increases.
3. One rotating chair with height adjustment Is must for franchisee                         
4. One Head Steamer Is must with time setting instrument (timer)       
5. Air dryer, magnetic vibrator, tissue papers, towels other items instructed at the time of training has to be arranged by the Franchise
6. One formal board has to be displayed In front Of franchise business premises, Size & Script to be decided By the company(Board charges are fully Borne by Franchise).                               
7. Hair health checking lens is very much required for a fool proof method of doing business.(comparing assured results after 3 months).

16). Company Party (A )will give Practical training with certificate to the franchise party B by charging the fees of RS 10,000/(Ten thousand) only. Franchise, Party B Should not reveal the Company secrets/ therapy Secrets to others. Franchise is not eligible to run any branch/unit in other places, other than his designated place.       

17). Franchise fees Consideration The total fees for granting of Franchise to party B, for the above mentioned address of particular area will be RS, 50,000/-(Fifty Thousand) Plus Training fees Rs 10,000(Ten thousand) will be in total RS 60,000/ should be paid to party A, a day before or on the day of training. cheque/ DD in favor of Vinoot herbal specialities.                                                                              

payable at current A/c No-6595009013 , Indian Bank virupakshipuram Branch Bangalore -560097. IFSC code:IDIB000K229.                                             

Franchise/Party(B) Shall Pay this amount of RS 60,000/(Sixty thousand)  in advance or on date of execution of this agreement and the same shall   not be refundable, and will not be transferable/ exchangeable to any company or any person.

18). company will issue one certificate to each Franchise/ party B premises. But two members can attend the training.                                        

19). Area of Operation/ Territory. The Territory Designated to the Franchises is at, Area wise not exceeding the population of one lac in metro cities, Surrounding areas can be covered till Another Franchise arises. However, the number Of Franchise created in any city or area is a Subject matter Of Company/Party A.                                                                            

20). Any dispute arising between party A and B, one month’s notice should be given by either party, The Party B will immediately Cease to use the company materials, In any manner whatsoever the name and reference of  the Company and any Trademark In Which the Company(party A) has any rights.                                                      

21). In the event of forced closure of the Company on grounds of war Government Regulations, National Emergency, Party B has no rights for Claim of any material/financial Loss from party A.                                                        

22). Legal jurisdiction place is Bangalore should be binding to party A / Party B and all parties concerned. 

This agreement supersedes any Prior agreements or understanding between Parties, whether written/oral agreements prior to this date between A&B. 

Both A and B Parties have read this agreement thoroughly and agreed to sign on this agreement (MOU) on this day.