Zoho Sign Document ID: DF9E0D310-TF4IQSVBAXUWS-Z-K9X2MON4XZFBJZWGFQKKEKUPKOE

Confidential

Pay After Placement & Income Sharing Agreement

This Pay After Placement & Income Sharing Agreement ("Agreement") is made and entered into on
this day of ___________________,
Mar 28 2024 (“Execution Date”), at Mumbai, Maharashtra.
BY AND BETWEEN:

LODHA IVORY TECHNOLOGIES PRIVATE LIMITED, a company incorporated under the

relevant provisions of the Companies Act, 2013, having its corporate identity number
U72900MH2020PTC33814 with its mailing address at 20/22 Samseth Street, Kalbadevi, Mumbai,
Maharashtra, India - 400002, (hereinafter referred to as the "Company" or “Super Scholar”, which
expression shall unless it be repugnant to the context or meaning thereof, shall mean and include its
affiliates, successors, permitted assigns, representatives), of the FIRST PART;
AND

_______________________________________
Anoop Pratap Singh bearing Aadhar No. _________________________,
499846020488
an Indian citizen and residing at
__________________________________________________________________________________
`Shankar Nagar ,near Nageshwar temple
__________________________________________________________________________________
Janjgir Champa Chattisgarh
(hereinafter referred to as "You" or “Participant”, which expression shall, unless it be repugnant to
the subject or context thereof, include heirs, legal representatives, successors and permitted assigns)
(enrolling in ___________________________________
DME course) of the SECOND PART.
Each of the Company, the Participant(s) hereinafter individually referred to as a "Party" and
collectively referred to as the "Parties.
WHEREAS:

A. The Company is engaged in the business of providing educational training & Job-Related Services
in the field of Core Business Skills & Information Technology (hereinafter referred to as
"Business").
B. The Participant has expressed his/her desire to enroll himself/herself in the Training Program (as
defined below) as offered by the Company and such Participant(s) is willing to sign the relevant
documents as required by the Company before joining the Training Program.
C. This Agreement is not a loan or other debt or credit instrument. This Agreement sets out the terms
of the Participant’s obligation to pay a specific percentage of his future earned income to the
Company.
D. In consideration for the enrolment in the Training Program, the Participant agrees and
acknowledges to be bound by the terms and conditions, to the extent applicable to the relevant
Party, as set out in this Agreement.

NOW THEREFORE IT IS AGREED BY AND AMONG THE PARTIES HERETO AS

FOLLOWS:

1. DEFINITIONS

The following words and expressions shall, unless the context otherwise requires, have the
following meanings:

1.1. “Annual Earned Income" shall mean the CTC (cost to company) or the total annual income
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earned from employment or consultancy services which is disclosed by the Participant(s) in his
annual income tax return, or the offer letter provided to the Participant by his prospective
employer. For the avoidance of doubt, "Annual Earned Income" shall also include any non-cash
consideration received by the Participant(s), directly or indirectly, or that is deemed earned,
including but not limited to, equity shares in a listed entity but excluding equity shares and
employees’ stock option plan in an unlisted entity, contributions to qualified and non-qualified
deferred compensation and retirement benefit plans, fringe benefits not reported as wages for
compensation, income from active participation by the Participant(s) in any entity. Such income
shall also include any amounts earned or payable, directly, or indirectly to a related party
because of his/her services during the year.
1.2. “Applicable Law(s)” shall mean all laws applicable to the Business in India.
1.3. “Business Day” shall mean Monday through Friday, except for any state holidays in the state of
Maharashtra.
1.4. “Employment” shall mean the employment or consultancy services secured by a Participant(s)
that is directly or indirectly attributable to the Training Program herein.
1.5. “Monthly Salary” shall mean the Annual Earned Income (i.e., the CTC) divided by 12.
1.6. “Third-Party Financial Institution” shall mean any bank, NBFC, or any other financial
institution as designated by the Company.
1.7. “Training Program” shall mean the program conducted by the Company for an approximate
tenure of 30 days up to 3 (three) months, to impart job-relevant skills to graduates and to upskill
salaried professionals, to enable them to secure better jobs.
1.8. “Training Program Fee" shall mean the amount which shall be payable by the Participant(s) to
the Company or the Third-Party Financial Institution, by way of monthly payments and as more
particularly set out in Annexure A below.
1.9 “Co-applicant” shall mean parent, guardian, or any other blood relative that is currently salaried
or self-employed.

2. TERM

2.1. This Agreement shall come into effect from the Execution Date and shall continue to be in force
until unless terminated by the Company as per the terms of this Agreement ("Term").

3. EVALUATION PROCESS OF THE PARTICIPANT(S)

3.1. Each of the Participant(s), who is desirous of attending the Training Program is mandatorily
required to go through an evaluation process conducted by the Company before the start of the
Training Program (“Evaluation Process”).
3.2. Basis the Evaluation Process, the Company shall at its discretion decide to undertake the
Participant(s) in the cohorts
3.3. It is further clarified that the Participant(s) of the Training Program can either be students as well
as currently working professionals and accordingly, the Company shall evaluate each of the
Participant(s).
3.4. The Participant(s) might also be required to clear a final test or any other mode of examination as
the Company deems fit at its sole discretion to understand the placement readiness of the
candidate, for he/she to be deemed as a participant who completed the program successfully.

4. PAYMENTS

4.1. In consideration of availing the Training Program, the Participant(s) irrevocably agrees to pay the
Company such amount(s) as set out under the ‘Training Program Plan’ under Annexure A of
this Agreement.
4.2. Employment:
4.2.1. The Participant(s) (including participants and working professionals) agree to
immediately undertake an employment offer they receive.
4.2.2. In the event, the Participant(s) (who is a participant) successfully completes the training
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program and secures a job anytime during the Training Program or within 90 (ninety)
days of completing the Training Program, such Participant shall be obligated to pay the
Training Program Fee (from his/her Monthly Salary) to the Company or the Third-Party
Financial Institution (as designated by the Company and as per the details as set out in
clause 7.3,7.4 below). A participant is considered to be employed under this agreement,
once any employment is garnered through the services provided by the company or by
any other external means.
4.3. Payment Term:
4.3.1. For the Participant(s): The Parties understand and agree that the payment term of the
Training Program Fee shall start from the month in which the Participant(s) receives
his/her first salary after securing Employment and the payment term shall continue till
the complete realization of the total Training Program Fee as per the respective Training
Program Fee Payment Plan.
4.3.2. Participants may choose to withdraw from the program in writing via email to
support@superscholar.in within 14 days of enrollment, rendering this agreement null and
void.
4.3.3. In the event, any of the Participants manage to secure employment outside India and/or
opt for any higher education, then the Participant shall be liable to pay his entire Training
Program Fee immediately and as soon as possible and before leaving the country, as per
the terms mentioned in clause 4.4. below.
4.3.4. In the event the Participant secures a job opportunity through their own means and wishes
to withdraw from the program after the 14 day withdrawal period, they shall be liable to
pay a prorated amount of the entire training costs & administrative expenses amounting
to INR 63,090 inclusive of all taxes and charges (Indian Rupees Sixty Three Thousand
and Ninety Only). Any Enrollment Fees previously paid shall be adjusted against this
amount.
4.4. Early Prepayment: The Participant(s) shall have the right to pay the entire Training Program
Fee(s) to the Company, at any time during the Payment Term by making an early payment, as a
satisfaction to the full payment obligations of the Participant(s) under this Agreement.
4.5 Placement Assurance: In the event that the Participant loses their job prior to the complete
repayment of the Training Program Fees (Annexure A), the Company shall seek to find a new
job for the Participant for a period of up to 24 months, subject to the following conditions:
4.5.1. The Participant should not have lost their job due to a reason pertaining to performance
including but not limited to being unable to complete the job in a satisfactory manner,
excessive absenteeism, unprofessional conduct, or any other similar reasons.
4.5.2 The Participant should not have lost their job due to a reason pertaining to integrity
including but not limited to making untruthful claims or excuses, unprofessional conduct,
attempt to defraud the company, or any other similar reasons.
4.5.3 In order for the Placement Assurance to stand valid, the Company will require a written
consent from the initial hiring company that states that the Participant has not lost their
job due to a performance or integrity related reason.
4.5.4 The Company will make its best efforts to assure Placements for all Participants until the
complete repayment of the Training Fees. It is at the sole discretion of the Company to
decide whether a Participant qualifies for Placement Assurance services

5. REPRESENTATIONS & WARRANTIES OF THE PARTICIPANT(S)

5.1. The Participant(s) represents that all information provided in connection with the application for
the Training Program and while entering this Agreement is true and accurate and the
Participant(s) has not provided any false, misleading, or deceptive statements and/or has not
omitted any material fact essential to this Agreement.
5.2. The Participant(s) further represents and warrants that:
5.2.1. he/she shall provide for his offer letter and all his monthly payslips to the Company
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and/or the Third Party Financial Institution along with other required documents as and
when requested by the Company.
5.2.2 The Participant(s) agrees and acknowledges that he/ she is open to a work from office role
and if required he/she shall be ready to relocate to any city in India for any prospective
employment.
5.2.3. he/ she is entering into this Agreement in good faith and to timely pay the Training
Program Fee(s), as and when due;
5.2.4. he/ she has never been convicted of any crime involving dishonesty or breach of trust
under the Applicable Laws;
5.2.5. he/ she is not contemplating bankruptcy and he/ she has not consulted with an attorney
regarding bankruptcy in the past 9 (nine) months.
5.2.6. he/ she has attained the age majority & is a citizen of India and has legal right to work in
India;
5.2.7. he/ she has voluntarily joined the Training Program intending to join a job and shall make
the best efforts to get employed immediately after completion of the Training Program. .
5.2.8. he/she if already working for any organization will provide the complete details of the
service agreement (if any) that they have signed with that organization and is joining the
training program only with the intention of taking up a new employment offer from other
companies, by terminating the existing service agreement on his/her own volition.
5.2.9. he/she shall not voluntarily leave/resign the employment for any reason whatsoever,
including but not limited to starting a business/entrepreneurship and/or pursuing higher
studies, etc until the training program fees has been paid in full. Any such activities shall
amount to a material breach of this Agreement and the Company shall have all the rights
and remedies under this Agreement and the Applicable Law.
5.2.10. he/she shall file all tax returns and reports as required under the Applicable Law and
pay all the taxes as and when due;
5.2.11. he/she is not a Party to any other similar training services with any other
organization/company;
5.2.12. he/she will not enter into any other arrangement or any other agreement of similar
nature during the term of this Agreement.
5.2.13. he/she shall keep accurate records relating to the Annual Earned Income for each year
of Payment Term and shall furnish these information to the company whenever called
upon to do so

6. OBLIGATIONS OF THE PARTICIPANT(S)

6.1. Notice of certain changes: The Participant(s) shall without fail, disclose to the Company along
with necessary and relevant documentation of any of the following events within 3 (three) days
of the occurrence of any such following events:
6.1.1. Change in primary residence address, phone number or email, or any other material
change to information previously provided to the Company.
6.1.2. Change in employment status, including both terminations of employment and new
employment including the nature of your position/designation.
6.1.3. Any acceptance of an offer letter for any employment by the Participant(s).
6.1.4. Any change in the offer letter originally shared (includes any letter w.r.t increase in
salary, performance appraisal documents, change in the designation);
6.1.5. Any change in the Annual Earned Income;
6.1.6. Any other job offer/potential job offer extended by any prospective employer, whether
written or oral;
6.1.7. Any interview round extended by any prospective employer, whether written or oral;
6.1.8. Any enrolment status in higher education or training.
6.1.9. Complete all requisite procedures when requested by the authorized banking partner
during, and after the completion of the program as mentioned in clauses 7.1, 7.2, 7.3, 7.4. 6.2, 6.3.
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6.2 Tax Returns: Participants must file their tax returns according to the Income Tax Act, 1961, for
the tax year they start paying the Company. They must also promptly provide the Company with all
tax documentation, including but not limited to Form 26AS and Form 16, upon submission and receipt
as required by the Company.
6.3. He or she agrees to follow the curriculum and pedagogy structure as defined by the company
throughout the tenure of the training program.

7. RIGHTS OF THE COMPANY

7.1. The Company can audit the Participant's employment records and Annual Earned Income.
Participants must assist by providing necessary documents from current and past employers.

7.2. Participants authorize the Company to obtain their credit reports, verify provided information, and
gather additional data from consumer reporting agencies, third-party databases, employers, and
personal references, ensuring data security as per law. The Company may terminate this
agreement if adverse credit history is found.

7.3. Consent to Process Payments: Participants consent to the Company or an authorized third party
managing and processing payments, including reconciliations, and must provide necessary
cooperation and authorizations, including eNACH.

7.4. Agreement Conversion: The Company may convert this Agreement into a loan agreement,
transferring all financial obligations and rights to the Third-Party Financial Institution.
Participants must comply with all required documentation and instructions from this institution.

8. BREACH AND CONSEQUENCES

8.1. It is agreed between the Parties that this Agreement cannot be terminated by the Participant(s) at
any time during the Term of this Agreement.
8.2. Further, the Company shall have the right to consider a material breach of this Agreement by the
participant(s) upon the happening of the following events:
(a) Any 3 (three) consecutive non-appearances for any sessions by the Participant(s)
without informing the Company.
(b) If the overall attendance of the Participant(s) is less than 90% (Ninety percent) in the
Training Program including session recordings.
(c) In the event, the Participant(s) breaches the standard conduct expected in the normal
course of Business of the Company e.g., by indulging in plagiarism, cheating in the
tests conducted by the Company, misconduct with other participants or with the
staff, employees, etc. of the Company.
(d) If any assessment, quiz or evaluation is submitted over 7 days after the due date
(d) If the Participant(s) voluntarily or involuntarily drops out of the Training Program for
any reason.
(e) Any other act or omission on the part of the Participant(s), which will have an adverse
impact and/or is detrimental to the interests of the Business of the Company.
8.2.1. Breach of Payment and Obligations: A breach occurs if a Participant: (a) doesn't pay
the Training Program Fee as outlined in Annexure A on time, (b) fails to provide required
information or disclosures, (c) provides information deemed materially false, misleading,
or deceptive, or (d) fails to meet any obligations under this Agreement.
8.2.2. If the respective Participant(s) is not sincere in his efforts during the training program and
is not serious about securing employment, in the sole opinion of the Company.

8.3. In the event of a breach of this Agreement, the Company shall have the right for the following
consequences:
8.3.1. In the event, if the Agreement is breached by the participant(s) for any reason as set out
in clause 8.2 above, at any time of the Training Program, then the Participant(s) shall be
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liable to pay the Training Program Fees outlined in Annexure A.

8.3.2. The Company may also choose to disqualify the Candidate from the program at its own
discretion.
8.4 Termination Effects: Termination doesn't affect any accrued obligations or any provision intended
to persist post-termination. Outstanding dues to the Company from the Participant(s) remain
payable as set out in this Agreement.
8.5 Breach of Agreement: Failure to make timely payments or breaching any Agreement terms may
result in the Company deeming the participant in breach, invoking all applicable legal rights
and remedies.
8.6 Remedies for Breach: In case of a breach, the participant is liable for immediate payment of all
dues related to training program fees, plus any additional costs allowed by law, as detailed in
clause 8.3.1.
8.7 Equitable Remedies: If monetary damages are deemed insufficient, the Company may seek
injunctions or equitable remedies as allowed by law, in addition to other legal remedies.

9. INDEMNITY
9.1. The Participant shall indemnify, defend, and hold harmless the Company, its affiliates, and their
respective personnel against any claims, liabilities, or expenses, including legal fees, due to any breach
of this Agreement or applicable laws by the Participant.
9.1.1 The Company may transfer the Participant's payment obligations to their parents, who
shall indemnify the Participant for the program fees.
9.2. Limitation of Liability: The Company's liability for damages, irrespective of their nature, is
limited to the amount of the Training Program Fees paid. The Company is not liable for any
indirect, incidental, or consequential damages.

10. MISCELLANEOUS

10.1. Confidentiality: The Parties will not disclose any company-related information that is not
public. The Company will not use personal or financial data of the Participant except as authorized,
necessary for the Participant’s engagement, to exercise its Agreement rights, or to share with
Third-Party Financial Institutions.

10.2. Force Majeure: Any events beyond reasonable control, including natural disasters, wars,
terrorism, accidents, or legal prohibitions, exempt the affected party from liability for
non-performance. The party must notify the other immediately, and if the event persists beyond 30
days, the Company may terminate this Agreement.

10.3. Notice: Communications must be given in writing and are deemed received when delivered via
indicated methods. Address changes for notices must be communicated as per this Agreement.

10.4. Retained Rights: Termination of this Agreement does not affect the Participant's obligations or
the Company’s rights and remedies.

10.5 Ownership of Data: The Company will own and may collect any information the Participant(s)
provide about the Training Program. Use of such information is at the Company's discretion, subject
to its privacy policy and the terms accepted by the Participant(s).

10.6 Amendments and Waivers: Changes to this Agreement require written consent from both
Parties. Any waiver from the Company must be in writing to be effective.

10.7 Survival: The Payment, Representation & Warranties, Termination Consequences,

Confidentiality, Indemnity, Liability Limitation, Dispute Resolution, and Governing Law clauses will
remain in effect even after this Agreement's termination.
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10.8 Relationship: This Agreement does not establish any form of joint venture, partnership, or
association between the Parties.

10.9 Entire Agreement: This document constitutes the full agreement between the Parties, overriding
all previous discussions and agreements on the subject matter.

10.10 Costs: Each Party covers its own costs related to this Agreement's negotiation, preparation, and
implementation.

10.11 Assignment: The Participant(s) may not assign this Agreement. The Company may assign its
rights and obligations, including to Third-Party Financial Institutions.

10.12 Dispute Resolution:

10.12.1. For disputes arising from this Agreement, parties should attempt to resolve them
through mutual discussion. Notification of disputes, via email, should include relevant
details.
10.12.2. If unresolved within 21 days, disputes may be arbitrated by a sole arbitrator agreed
upon within 15 days after this period.
10.12.3. Arbitration will occur in Mumbai, India, under the Arbitration and Conciliation Act,
1996, in English. The arbitration decision will be final and binding.

10.13 Governing Law and Jurisdiction: This Agreement is governed by Indian law, and Mumbai
courts will have exclusive jurisdiction over any disputes, disregarding conflict of laws
principles.
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IN WITNESS WHEREOF the Parties hereto have set their hands on the day, month, and
year first hereinabove mentioned:

By the within named the participant (s) by the hand of

Mr./Ms. ____________________
Anoop Pratap Singh

(Authorized Signatory)
Date:

By the within named LODHA IVORY TECHNOLOGIES

PRIVATE LIMITED by the hand of

Mr. Rohan Lodha

(Authorized Signatory)
Date:
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ANNEXURE A

TRAINING PROGRAM PLAN

The Company shall at its sole discretion and basis the Evaluation Process, will select the
Participant(s) for the following Training Program Plans and as per the details below. The
Participant(s) understands and agrees that he/shall be liable to pay the following:

A. ENROLMENT FEE: INR 0/-

B. TRAINING PROGRAM FEES: The standard training fee to be paid by the participant post placement
will be 19.99% of total CTC.

The Company's designated third-party financial institutions may modify the participant's monthly
installment plan as needed. Approval from these institutions is required for the After Placement Fee
Payment Plan. Participants not approved must reapply with an earning blood relative as a Co-Applicant.

Participants are obligated to pay the "After Placement Fee" only after starting their new job role, as
specified in clause 4.3.1.