Terms

TERMS AND CONDITIONS FOR ENROLLMENT

The Student has approached the Institute for enrolment in the Training Programme (as defined herein below) provided by the Institute and on such terms and/or conditions as set out below (“T&Cs”).

1. DEFINITIONS AND INTERPRETATION

1.1 Definitions

In these T&Cs unless the context otherwise requires, the following words, expressions and terms, shall bear the meanings ascribed to them below when used in these T&Cs.

“Agreement” shall mean these T&Cs.

"Confidential Information" shall mean and include (i) any and all written, visual, oral, digital, electronic and/or printed information disclosed by the Institute to the Student including Intellectual Property Rights, technical know-how, specifications processes, strategies, drawings, flow charts, algorithms, database in hard copies and/or soft format, study materials, software, computer program; (ii) any notes, analysis, compilations, studies, test results, research data and/or market study data, other materials developed by the Student and/or the Institute during the Training Programme; (iii) any negotiations and/or discussions pertaining to the foregoing information; and (iv) any financial, corporate, technical, tax, commercial, business, financial and/or other commercially valuable information and any other proprietary information of the Institute.

"Course" shall mean the curriculum for the Training Programme as determined by the Faculty from time to time.

"Effective Date" means the date on which the Student receives an acknowledgement from the Institute confirming receipt of payment of Fees.

"Enrolment" shall have the meaning ascribed to it in Clause 2.1.

"Faculty" shall mean the individuals instructing the Student in the Training Programme at the Institute.

"Fees" means the fee payable by the Student to the Institute as set out on our website and agreed with the Student during the interview process. "Institute" shall mean SIB UK PVT Ltd, a company incorporated in England and Wales under company registration number 10789348 and whose registered office is at 55 Old Broad Street, London, EC2M 1RX and shall include its successors and assigns

"Intellectual Property Rights" shall mean any and all ownership, rights, title and interest in and to any and all discoveries, inventions, creations, works and Confidential Information, including, without limitation, patents, copyrights, trademarks, trade names, business names, service marks, designs, registered designs, integrated circuit goodwill, trade secrets and all the data, research findings, information, all present and future Course material, any and all intellectual property relating to the business of the Institute and developed by the Student during the Enrolment for Training Programme with the Institute including all applications for patents, copyrights, designs, trademarks, service marks, tradenames, rights to apply in future and any amendments/modifications, renewals thereto.

"Placement Programme" shall have the meaning ascribed to it in Clause 5.1.

"Recruiter" shall mean the individuals/ partnerships/firms/companies/banks and other entities that are invited by the Institute to employ students participating in the Placement Programme.

"Student" shall mean the student applying to the Training Programme.

"Term" shall have the meaning ascribed to it in Clause 7.

"Territory" shall mean England.

"Training Programme" shall mean the programme conducted by the Institute for educating and training Students in the investment banking and financial services sector in the Territory over a period of 4 weeks.

1.2 Interpretation

Unless the context otherwise requires in these T&Cs:

(i) reference to any gender includes a reference to all other genders;

(ii) reference to any document (including these T&Cs) are references to that document as the same may from time to time be amended, consolidated, varied supplemented, novated or replaced;

(iii) the headings are inserted for convenience only and shall not affect the construction of these T&Cs ; and

(iv) references in these T&Cs to Clauses as are references to clauses to these T&Cs.

2. ENROLMENT

2.1 Upon the Institute receiving (a) the Student’s confirmation accepting the T&Cs and (b) the Fees in cleared funds, the Institute shall enrol the Student for the Training Programme in the Territory from the Effective Date and the Student accepts her/his enrolment for the Training Programme in the Territory on these T&Cs ('Enrolment').

2.2 During the Term, the Institute shall have the right and be entitled to suspend or expel the Student in accordance with the provisions of Clause 7.2 of these T&Cs. It is expressly agreed by the Student that, in no event whatsoever, the Student shall be entitled to receive a refund of any portion of the Fees paid by the Student to the Institute.

3. DUTIES AND OBLIGATIONS OF THE STUDENT

The Student shall:

(a) pay the Fees to the Institute by bank transfer details for which will be shared by the Institute following the Student’s acceptance of these T&Cs. It is expressly provided that the Enrolment of the Student shall be confirmed only after the Institute receives the Fees in cleared funds;

(b) provide her/his curriculum vitae and/or any other information and/or documents as may be required by the Institute, from time to time, which shall be true, fair, accurate and not misleading;

(c) not do anything which may tarnish the name, reputation and goodwill of the Institute nor use the premises of the Institute for any act which is illegal, unlawful, immoral and/or against public policy;

(d) be responsible for the safe custody of all the drafts, documents, study materials and Confidential Information received from the Institute and shall use the internet provided at the premises only for purposes restricted to the Course. Further, in no event shall the Student get her/his own laptop in the premises of the Institute;

(e) be bound by and shall comply with the policies, rules, regulations and code of conduct of the Institute which are in force at present and/or that may come into force from time to time; and

(f) not do any act and/or thing which would impair and/or adversely affect the Institute’s ownership, rights, title and interest in the Intellectual Property Rights and Confidential Information vested or intended to be vested in the Institute.

4. DUTIES AND OBLIGATIONS OF THE INSTITUTE

In consideration for the payment of the Fees by the Student to the Institute in accordance with the Agreement, the Institute undertakes to perform the following services:

(a) conduct the Training Programme in accordance with the Course;

(b) provide the Student with preparatory and supplemental documents and/or information, whether in physical and/or electronic form, in relation to the Course that the Institute in its absolute discretion believes is appropriate; and

(c) subject to clause 5, use its reasonable endeavours to assist the Student in applying for a Placement Programme at the end of the Training Programme.

5. PLACEMENT PROGRAMME

5.1 Subject to clauses 5.2 and 5.3, on the completion of the Training Programme, the Institute shall use its reasonable endeavours to facilitate the process of inviting Recruiters to give the Students enrolled in the Training Programme an opportunity to apply for a job or a placement with the Recruiters ('Placement Programme') in the manner set forth below.

5.2 Based on the assessment of the Student’s performance during the Term, the Institute in consultation with the Faculty, shall inform the Student at the end of the Term whether she/he has been selected to participate in the Placement Programme. It is expressly provided that the selection of the Students for the Placement Programme shall be at the sole discretion of the Institute.

5.3 It is expressly agreed by the Parties that, if the Student scores less than Sixty (60%) per cent on the assessments of the Student’s performance and during the Course, she/he shall not qualify for the Placement Programme

6. REPRESENTATIONS, WARRANTIES, UNDERTAKINGS AND COVENANTS OF THE STUDENT

6.1 The Student hereby undertakes, covenants, represents and warrants to the Institute that:

(a) all information provided to the Institute including the contents of his/her curricular vitae is true, accurate and complete;

(b) the Student is a British national or a national of any of the member states which form part of the European Union and hold an appropriate valid passport or visa to stay, study and work in England.

6.2 The Student hereby acknowledges and accepts that:

(a) the Institute has not provided any representations and/or warranties on the content, accuracy, appropriateness and/or adequacy of the Course and all the data and study materials provided are on 'as is' basis for the Training Programme;

(b) the Training Programme may not lead to a career in the investment banking and financial services sector in the Territory for the Student;

(c) the Training Programme does not lead to a degree or diploma or other educational qualification recognised in the Territory;

(d) she/he may not be selected by the Institute to participate in the Placement Programme;

(e) she/he may not guaranteed a job or receive any employment offer from any Recruiter participating in the Placement Programme as it depends on the merit of the Student and the requirements of the Recruiter alone;

(f) the Institute may instruct any external agency to verify the information contained in the curriculum vitae and/or any other information and/or documents provided by the Student to the Institute, are true, fair and accurate;

(g) she/he does not have, and shall not acquire by virtue of the Agreement, any ownership, rights, title and interest in and to Intellectual Property Rights existing and/or created during the Training Programme and Confidential Information vested in the Institute;

(h) she/he expressly acknowledges and declares that all the Intellectual Property Rights created and/or developed during the Course and/or the Training Programme, individually and/or with the Faculty and/or Institute is the property of the Institute and shall solely and legally vest in the Institute and in the event such Intellectual Property Rights do not vest in the Institute the Student shall irrevocable and unconditional assign such rights to the Institute absolutely without any additional consideration or fees and enter into any such agreement or documents as requested by the Institute to bring the assignment into effect; and

(i) the Institute shall not be responsible for any loss or damage caused to the Student on the premises of the Institute and the Student shall be solely responsible for its own personal possessions.

7. TERM AND TERMINATION

7.1 Unless terminated early as provided herein, the Agreement shall commence on the Effective Date and shall be valid until the end of the four week period from the date of when the Training Programme actually starts (the “Term”).

7.2 The Institute may forthwith terminate the Agreement, suspend or expel any Student from the Institute immediately by giving written notice upon the happening of one or more of the following events:

(i) If the conduct of the Student, in the opinion of the Institute, is inappropriate and/or unsatisfactory and/or prejudicial to the rights and reputation of the Institute.

(ii) If the Student violates the policies, rules, regulations and code of conduct of the Institute.

(iii) On breach of representations, warranties, undertakings, covenants, duties and/or obligations by the Student under the Agreement.

(iv) For any acts or omissions on the part of the Student which are unethical, fraudulent, unlawful, immoral and/ or corrupt.

(v) In the event of breach of the obligations in respect to the Intellectual Property Rights and Confidential Information owned by the Institute.

8. RIGHTS AND OBLIGATIONS ON TERMINATION

Upon the termination of the Agreement, howsoever arising, the Student shall:

(a) forthwith handover, deliver to the Institute all it’s materials, study data, properties including information and documents relating to the Intellectual Property Rights existing and/or created and Confidential Information in her/his possession, custody and/or under her/his control existing and/or developed during the Training Programme and under the Agreement.

(b) the Student shall not retain any copies and/or extracts of the documents, whether in digital, printed, electronic and/or in any other form, containing any data, Confidential Information, Intellectual Property Rights, any information and/or documents, reports pertaining to the Training Programme nor shall the Student make use thereafter of any Confidential Information, knowledge and/or process and/or technical information acquired by the Student.

9. CONFIDENTIAL INFORMATION

9.1 The Student shall (except as authorised or required by law or as authorised by the Institute) either during the Term or at any time after termination of this Agreement maintain all Confidential Information, in strict confidence and refrain from using, copying, stealing and/or otherwise disclosing, divulging and/or parting with, either directly or indirectly the Confidential Information for her/his own benefit and/or for the benefit of any third parties, except for the purpose of implementation of the Agreement.

9.2 All Confidential Information is the property of the Institute. All documents and/or materials developed by the Student during the Term belong to the Institute and the Student waives any right, title or interest she/he may have over such material and/or information.

9.3 The Student agrees and understands that because of the unique nature and sensitivity of the Confidential Information, the Institute will suffer irreparable harm and/or loss in the event that the Student fails to comply with any of its obligations contained in the Agreement with respect to confidentiality, and that monetary damages will be inadequate to compensate the Institute for such breach. The Student, therefore, agrees that the Institute shall in addition to any other right and/or remedy it may have in law have the right to seek immediate injunctive relief and specific performance to enforce the confidentiality obligations of the Student contained herein.

9.4 The Confidential Information being disclosed under the Agreement shall not be used by the Student to directly and/or indirectly engage in any activity relating to teaching and /or any other business similar to that of the Institute.

10. NOTICES

10.1 All notices and other communication under the Agreement shall be in writing and in English and either delivered by hand or sent by registered mail or courier by email or by facsimile telex or fax in each case to the addresses provided by the Parties from time to time.

10.2 All notices shall be deemed to have been validly given on (i) the business date immediately after the date of transmission with confirmed answer back, if transmitted by facsimile/electronic transmission, or (ii) if sent by pre-paid first class post or other next working day delivery service, at 9.00 am on the second business day after posting; if delivered by commercial courier, on the date and at the time that the courier's delivery receipt is signed.

11. INDEMNITY AND LIABILITY

11.1 The Student hereby agrees and undertakes that it shall, at all times, indemnify and keep the Institute fully indemnified against any and all losses, liabilities, claims, damages, costs, charges and expenses (including, without limitation, any legal or other expenses incurred in connection with defending or investigating any such action or claim) suffered and/or incurred by the Institute arising out of the breach and/or non-fulfillment of any representations, warranties, covenants, undertakings, duties and obligations of the Student under the Agreement.

11.2 It is expressly provided that, in no event shall the Institute be liable for any loss of any kind or for indirect, special, incidental or consequential damages of any kind whatsoever, suffered by the Student in connection with the Agreement.

11.3 The Institute's total liability to the Student, whether in contract, tort (including negligence), breach of statutory duty, or otherwise, arising under or in connection with the Agreement shall be limited to the Fees paid under by the Student under the terms of the Agreement.

12. DATA PROTECTION AND PRIVACY POLICY

The Student acknowledges, accepts and consents to that the Institute using personal information provided by the Student in accordance with the Institute’s data privacy policy, which is available on the Institute’s website at: http://www.schoolofib.com/privacy-policy. By the Student confirming acceptance of the terms of the Agreement, he/she shall also be confirming that he/she has read and accepted the terms of the privacy policy.

13. MISCELLANEOUS

13.1 Non-Waiver

No failure on the part of either Party hereto to exercise, and no delay in exercising any rights hereunder, shall operate as a waiver thereof, nor shall any single or partial exercise of any such right preclude any other or future exercise thereof or the exercise of any other right.

123.2 Amendment

Except as otherwise provided herein, the Agreement may not be amended except by a signed agreement in writing between the Parties.

13.3 Severability

If any provision or part-provision of the Agreement is or becomes invalid, illegal or unenforceable, it shall be deemed modified to the minimum extent necessary to make it valid, legal and enforceable. If such modification is not possible, the relevant provision or part-provision shall be deemed deleted. Any modification to or deletion of a provision or part-provision under this clause shall not affect the validity and enforceability of the rest of the Agreement.

13.4 Entire Agreement

The Agreement constitutes the entire agreement between the Parties with respect to the subject matter hereof to the exclusion of all other understandings and assurances, either written or oral.

13.5 Assignment

The Student shall not assign and/or transfer her/his rights, interest, benefits and liabilities under the Agreement.

13.6 Survival

Cancellation, expiration or earlier termination of the Agreement shall not relieve the Parties of obligations that by their nature should survive such cancellation, expiration or termination including warranties, remedies, promises of indemnity, confidentiality and this Clause.

13.7 Force Majeure

The Institute shall not be in breach of the Agreement nor liable for delay in performing, or failure to perform, any of its obligations under the agreement if such delay or failure result from events, circumstances or causes beyond its reasonable control. In such circumstances the time for performance shall be extended by a period equivalent to the period during which performance of the obligation has been delayed or failed to be performed. If the period of delay or non-performance continues for three weeks, the Institute may terminate this agreement by giving 5 days’ written notice to the Student.

13.8 No Partnership

Nothing in the Agreement is intended to, or shall be deemed to, establish any partnership or joint venture between any of the Parties, nor constitute either Party the agent of another Party for any purpose. Neither Party shall have authority to act as agent for, or to bind, the other Party in any way.

13.9 Third Party Rights

The Agreement does not give rise to any rights under the Contracts (Rights of Third Parties) Act 1999 to enforce any term of the Agreement.

13.10 Governing Law and Jurisdiction

The Agreement shall be governed in accordance with the laws of England and Wales. The Parties agree that the Courts at England and Wales shall have exclusive jurisdiction in respect of any matter, claim or dispute arising out of or in any way related to this Agreement Provided that for the purpose of injunctive reliefs and specific performance, the Parties shall have a right to proceed before the courts in appropriate jurisdiction.





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ENROLMENT AGREEMENT

Between

School of Financial Training Private Limited, a company incorporated under the Companies Act 1956, operating under its registered brand name 'SIB', having its registered office at 103 Embassy Centre, Nariman Point, Mumbai 400021, India (hereinafter referred to as the "Institute", which expression shall, unless repugnant to the context or meaning hereof, be deemed to mean and include its successors and assigns) of the One Part;

And

The "Student" of the Other Part

'Institute' and the 'Student' are individually referred to as "Party" and collectively as "Parties".

WHEREAS

  1. The Institute is a well – known and reputed institution catering to the needs of the investment banking and financial sector in India and is dedicated to training and developing the next generation of young finance professionals.
  2. The Student has approached the Institute for enrolment in the Training Programme (as defined hereinbelow) provided by the Institute and the Institute has agreed to enrol the Student for the Training Programme, on such terms and/or conditions mutually agreed by and between the Parties hereto and more particularly hereinafter contained.

NOW, IT IS HEREBY AGREED BY AND BETWEEN THE PARTIES HERETO AS FOLLOWS:

1. DEFINITIONS AND INTERPRETATION

1.1 Definitions

In this Agreement, unless the context otherwise requires, the following words, expressions and terms, shall bear the meanings ascribed to them below when used in this Agreement.

"Confidential Information" shall mean and include (i) any and all written, visual, oral, digital, electronic and/or printed information disclosed by the Institute to the Student including Intellectual Property Rights, technical know-how, specifications processes, strategies, drawings, flow charts, algorithms, database in hard copies and/or soft format, study materials, software, computer program; (ii) any notes, analysis, compilations, studies, test results, research data and/or market study data, other materials developed by the Student and/or the Institute during the Training Programme; (iii) any negotiations and/or discussions pertaining to the foregoing information; and (iv) any financial, corporate, technical, tax, commercial, business, financial and/or other commercially valuable information and any other proprietary information of the Institute.

"Course" shall mean the curriculum for the Training Programme as determined by the Faculty from time to time.

"Effective Date" means the date on which the Student receives an acknowledgement receipt confirming the payment of Fees, from the Institute

"Enrolment" shall have the meaning ascribed to it in Clause 2.1.

"Faculty" shall mean the individuals instructing the Students in the Training Programme at the Institute.

"Fees" means a non-refundable fee of Rs. 1,75,000 (Rupees One Lakh Seventy Five Thousand) (excluding all taxes) payable by the Student to the Institute.

"Intellectual Property Rights" shall mean any and all ownership, rights, title and interest in and to any and all discoveries, inventions, creations, works and Confidential Information, including, without limitation, patents, copyrights, trademarks, trade names, business names, service marks, designs, registered designs, integrated circuit goodwill, trade secrets and all the data, research findings, information, all present and future Course material, any and all intellectual property relating to the business of the Institute and developed by the Student during the Enrolment for Training Programme with the Institute including all applications for patents, copyrights, designs, trademarks, servicemarks, tradenames, rights to apply in future and any amendments/modifications, renewals thereto.

"Placement Programme" shall have the meaning ascribed to it in Clause 5.1.

"Recruiter" shall mean the individuals/ partnerships/firms/companies/banks etc. that are invited by the Institute to employ Students participating in the Placement Programme.

Student” shall mean an individual who confirms enrolment to the program via email.

"Term" shall have the meaning ascribed to it in Clause 7.

"Territory" shall mean the Republic of India.

"Training Programme" shall mean the programme conducted by the Institute for educating and training Students in the investment banking and financial services sector in the Territory over a period of Seven (07)weeks.

1.2 Interpretation

Unless the context otherwise requires in this Agreement:

(i) reference to any gender includes a reference to all other genders;

(ii) reference to any document (including this Agreement) are references to that document as the same may from time to time be amended, consolidated, varied supplemented, novated or replaced;

(iii) the headings are inserted for convenience only and shall not affect the construction of this Agreement; and

(iv) references in this Agreement to Clauses and Recitals are references to clauses and recitals to this Agreement. The Recitals to this Agreement shall be deemed to form part of this Agreement.

2. ENROLMENT

2.1 In consideration of the payment of the Fees to the Institute, the Institute hereby enrols from the Effective Date, the Student for the Training Programme in the Territory and the Student accepts her/his enrolment for the Training Programme in the Territory on terms and conditions of this Agreement ('Enrolment'). Further, it is expressly provided that the Enrolment of the Student shall be at the sole discretion of the Institute.

2.2 During the Term, the Institute shall have the right and be entitled to suspend or expel the Student in accordance with the provisions of Clause 7.2 of this Agreement. It is expressly agreed by the Student that, in no event whatsoever, the Student shall be entitled to receive a refund of any portion of the Fees paid by the Student to the Institute.

3. DUTIES AND OBLIGATIONS OF THE STUDENT

The Student shall:

(a) pay the Fees to the Institute by cheque drawn in favour of 'School of Financial Training Private Limited' on the execution of this Agreement. It is expressly provided that the Enrolment of the Student shall be confirmed only after realisation of the cheque provided by the Student to the Institute;

(b) provide her/his curriculum vitae and/or any other information and/or documents as may be required by the Institute, from time to time, which shall be true, fair, accurate and not misleading;

(c) not do anything which may tarnish the name, reputation and goodwill of the Institute nor use the premises of the Institute for any act which is illegal, unlawful, immoral and/or against public policy;

(d) be responsible for the safe custody of all the drafts, documents, study materials and Confidential Information received from the Institute and shall use the internet provided at the premises only for purposes restricted to the Course. Further, in no event shall the Student get her/his own laptop in the premises of the Institute;

(e) be bound by and shall comply with the policies, rules, regulations and code of conduct of the Institute which are in force at present and/or that may come into force from time to time; and

(f) not do any act and/or thing which would impair and/or adversely affect the Institute’s ownership, rights, title and interest in the Intellectual Property Rights and Confidential Information vested in the Institute.

4. DUTIES AND OBLIGATIONS OF THE INSTITUTE

In consideration for the payment of Fees by the Student to the Institute in accordance with this Agreement, the Institute undertakes to perform the following services:

(a) conduct the Training Programme in accordance with the Course to the best of the ability of the Institute;

(b) provide the Student with preparatory and supplemental documents and/or information, whether in physical and/or electronic form, in relation to the Course that the Institute in its absolute discretion believes is appropriate; and

(c) use its reasonable endeavours to facilitate a Placement Programme at the end of the Training Programme.

5. PLACEMENT PROGRAMME

5.1 On the completion of the Training Programme, the Institute shall use its reasonable endeavours to facilitate the process of inviting Recruiters for employing Students enrolled in the Training Programme ('Placement Programme') in the manner set forth below.

5.2 Based on the assessment of the Student’s performance during the Term, the Institute in consultation with the Faculty, shall inform the Student at the end of the Term whether she/he has been selected to participate in the Placement Programme. It is expressly provided that the selection of the Students for the Placement Programme shall be at the sole discretion of the Institute.

5.3 It is expressly agreed by the Parties that, if the Student scores less than Sixty (60%) percent on the assessments of the Student’s performance and during the Course, she/he shall not qualify for the Placement Programme

6. REPRESENTATIONS, WARRANTIES, UNDERTAKINGS AND COVENANTS OF THE STUDENT

The Student hereby represents, warrants, undertakes and covenants to the Institute that:

(a) the Institute has not provided any representations and/or warranties on the content, accuracy, appropriateness and/or adequacy of the Course and all the data and study materials provided are on 'as is' basis for the Training Programme;

(b) the Training Programme may not lead to a career in the investment banking and financial services sector in the Territory for the Student;

(c) the Training Programme does not lead to a degree or diploma or other educational qualification recognised in the Territory;

(d) she/he may not be selected by the Institute to participate in the Placement Programme;

(e) she/he may not receive any employment offer from any Recruiter participating in the Placement Programme;

(f) the Institute may instruct any external agency to verify the information contained in the curriculum vitae and/or any other information and/or documents provided by the Student to the Institute, are true, fair and accurate;

(g) she/he does not have, and shall not acquire by virtue of this Agreement, any ownership, rights, title and interest in and to Intellectual Property Rights existing and/or created during the Training Programme and Confidential Information vested in the Institute; and

(h) she/he expressly acknowledges and declares that all the Intellectual Property Rights created and/or developed during the Course and/or the Training Programme, individually and/or with the Faculty and/or Institute is the property of the Institute and shall solely and legally vest in the Institute.

(i) the Institute shall not be responsible for any loss or damage caused to the Student on the premises of the Institute.

7. TERM AND TERMINATION

7.1 Unless earlier terminated as provided herein, this Agreement shall commence on the Effective Date and shall be valid for seven weeks thereafter.

7.2 The Institute may forthwith terminate this Agreement, suspend or expel any Student from the Institute immediately upon the happening of one or more of the following events:

(i) If the conduct of the Student, in the opinion of the Institute, is inappropriate and/or unsatisfactory and/or prejudicial to the rights and reputation of the Institute.

(ii) If the Student violates the policies, rules, regulations and code of conduct of the Institute.

(iii) On breach of representations, warranties, undertakings, covenants, duties and/or obligations by the Student under this Agreement.

(iv) For any acts or omissions on the part of the Student which are unethical, fraudulent, unlawful, immoral and/ or corrupt.

(v) In the event of breach of the obligations in respect to the Intellectual Property Rights and Confidential Information owned by the Institute.

8. RIGHTS AND OBLIGATIONS ON TERMINATION

Upon the termination of this Agreement howsoever arising the Student shall:

(a) forthwith handover, deliver to the Institute all it’s materials, study data, properties including information and documents relating to the Intellectual Property Rights existing and/or created and Confidential Information in her/his possession, custody and/or under her/his control existing and/or developed during the Training Programme and under this Agreement.

(b) the Student shall not retain any copies and/or extracts of the documents, whether in digital, printed, electronic and/or in any other form, containing any data, Confidential Information, Intellectual Property Rights, any information and/or documents, reports pertaining to the Training Programme nor shall the Student make use thereafter of any Confidential Information, knowledge and/or process and/or technical information acquired by the Student.

9. CONFIDENTIAL INFORMATION

9.1 During the Term and for a period of One (1) year thereafter, the Student shall maintain all Confidential Information, in strict confidence and refrain from using, copying, stealing and/or otherwise disclosing, divulging and/or parting with, either directly or indirectly the Confidential Information for her/his own benefit and/or for the benefit of any third parties, except for the purpose of implementation of this Agreement.

9.2 All Confidential Information is the property of the Institute. All documents and/or materials developed by the Student during the Term belong to the Institute and the Student waives any right, title or interest she/he may have over such material and/or information.

9.3 The Student agrees and understands that because of the unique nature and sensitivity of the Confidential Information, the Institute will suffer irreparable harm and/or loss in the event that the Student fails to comply with any of its obligations contained in this Agreement with respect to confidentiality, and that monetary damages will be inadequate to compensate the Institute for such breach. The Student, therefore, agrees that the Institute shall in addition to any other right and/or remedy it may have in law have the right to seek immediate injunctive relief and specific performance to enforce the confidentiality obligations of the Student contained herein.

9.4 The Confidential Information being disclosed under this Agreement shall not be used by the Student to directly and/or indirectly engage in any activity relating to teaching and /or any other business similar to that of the Institute.

10. NOTICES

10.1 All notices and other communication under this Agreement shall be in writing and in English and either delivered by hand or sent by registered mail or courier by email or by facsimile telex or fax in each case to the addresses set out at the beginning of this Agreement.

10.2 All notices shall be deemed to have been validly given on (i) the business date immediately after the date of transmission with confirmed answer back, if transmitted by facsimile/electronic transmission, or (ii) the business date of receipt, if transmitted by courier or registered airmail.

11. INDEMNITY AND LIABILITY

11.1 The Student hereby agrees and undertakes that it shall, at all times, indemnify and keep the Institute fully indemnified against any and all losses, liabilities, claims, damages, costs, charges and expenses (including, without limitation, any legal or other expenses incurred in connection with defending or investigating any such action or claim) suffered and/or incurred by the Institute arising out of the breach and/or non-fulfillment of any representations, warranties, covenants, undertakings, duties and obligations of the Student under this Agreement.

11.2 It is expressly provided that, in no event shall the Institute be liable for any loss of any kind or for indirect, special, incidental or consequential damages of any kind whatsoever, suffered by the Student.

12. MISCELLANEOUS

12.1 Non-Waiver

No failure on the part of either Party hereto to exercise, and no delay in exercising any rights hereunder, shall operate as a waiver thereof, nor shall any single or partial exercise of any such right preclude any other or future exercise thereof or the exercise of any other right.

12.2 Amendment

Except as otherwise provided herein, this Agreement may not be amended except by a signed agreement in writing between the Parties.

12.3 Severability

If any provision of this Agreement is held to be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall in no way be affected or impaired thereby and shall continue to remain in full force and effect.

12.4 Entire Agreement

This Agreement constitutes the entire agreement between the Parties with respect to the subject matter hereof to the exclusion of all other understandings and assurances, either written or oral.

12.5 Assignment

The Student shall not assign and/or transfer her/his rights, interest, benefits and liabilities under this Agreement.

12.6 Survival

Cancellation, expiration or earlier termination of this Agreement shall not relieve the Parties of obligations that by their nature should survive such cancellation, expiration or termination including warranties, remedies, promises of indemnity, confidentiality and this Clause.

12.7 Governing Law and Jurisdiction

This Agreement shall be governed in accordance with the laws of India. The Parties agree that the Courts at Mumbai shall have exclusive jurisdiction in respect of any matter, claim or dispute arising out of or in any way related to this Agreement Provided that for the purpose of injunctive reliefs and specific performance, the Parties shall have a right to proceed before the courts in appropriate jurisdiction.

12.8 Binding Nature

The provisions of this Agreement shall be legally binding on the Parties hereto.

12.9 Counterparts

This Agreement has been executed in Two (2) counter parts, each of which shall be deemed to be an original, and shall become effective when the Parties have signed both the sets

IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first written above.

TERMS AND CONDITIONS

These terms and conditions (T&Cs) will apply between the Institute (defined below) and the Student (defined below) whereby the Institute shall provide the Student access to the Course (defined below) and the Student shall access and use the Course in accordance with the terms of these T&Cs.

1.DEFINITIONS AND INTERPRETATION

1.1 Definitions

In these T&Cs unless the context otherwise requires, the following words, expressions and terms, shall bear the meanings ascribed to them below when used in these T&Cs.

“Affiliates” means, in relation to a Party to this Agreement, any person or entity, directly or indirectly, controlling, controlled by, or under common control with such Party, from time to time.

“Access Date” shall mean the date the Fees paid by the Student have been authorised by the Institute’s online portal/payment gateway.

“Agreement” shall mean these T&Cs once accepted by the Student.

"Confidential Information" shall mean and include (i) any and all written, visual, oral, digital, electronic and/or printed information disclosed by the Institute to the Student including Intellectual Property Rights, technical know-how, specifications processes, strategies, drawings, flow charts, algorithms, database in hard copies and/or soft format, study materials, software, computer program; (ii) any notes, analysis, compilations, studies, test results, research data and/or market study data, other materials developed by the the Institute during the Course; (iii) any negotiations and/or discussions pertaining to the foregoing information; and (iv) any financial, corporate, technical, tax, commercial, business, financial and/or other commercially valuable information and any other proprietary information of the Institute.

"Course" shall mean any one of the online courses listed on the Institute’s website at www.online.schoolofib.com

"Fees" means the fees applicable to the relevant Course, as set out on the Institute’s website at the date of accepting these T&Cs or such other price that may be agreed in writing with the Institute.

"Institute" shall mean SIB UK PVT Ltd, a company incorporated in England and Wales under company registration number 10789348 and whose registered office is at 55 Old Broad Street, London, EC2M 1RX and shall include its Affiliates, successors and assigns.

"Intellectual Property Rights" shall mean any and all ownership, rights, title and interest in and to any and all discoveries, inventions, creations, works and Confidential Information, including, without limitation, patents, copyrights, trademarks, trade names, business names, service marks, designs, registered designs, integrated circuit goodwill, trade secrets and all the data, research findings, information, all present and future Course material, any and all intellectual property relating to the business of the Institute including all applications for patents, copyrights, designs, trademarks, service marks, tradenames, rights to apply in future and any amendments/modifications, renewals thereto.

Parties” shall mean the Institute and the Student and “Party” shall mean any one of them.

Privacy Policy” has the meaning given in clause 11.

"Student" shall mean the individual applying to purchase the Course.

"Term" shall mean a period of 3 years from the Access Date.

1.2 Interpretation

Unless the context otherwise requires in these T&Cs:

(i) reference to any gender includes a reference to all other genders;

(ii) reference to any document (including these T&Cs) are references to that document as the same may from time to time be amended, consolidated, varied supplemented, novated or replaced;

(iii) the headings are inserted for convenience only and shall not affect the construction of these T&Cs ; and

(iv) references in these T&Cs to Clauses as are references to clauses to these T&Cs.

2. Course

2.1 The Student shall apply for the purchase of the Course by completing the registration process on the Institute’s website and after accepting the terms of these T&Cs and the Privacy Policy. Subject to the completion of the registration process and payment of the Fees, the Student shall have access to the Course on the Access Date.

2.2 All Courses which appear on the website are subject to availability and the Institute can make changes to the Course as necessary and shall notify the Student of such changes.

2.3 Subject to the terms of the Agreement, the Course shall be available to the Student during the Term.

2.4 The Institute may offer discounts for purchasing multiple Courses at its sole discretion.

2.5 The Student shall be entitled to a full refund of its fees if it notifies the Institute of its dissatisfaction of the Course within 30 days from the Access Date.

3. DUTIES AND OBLIGATIONS OF THE STUDENT

The Student shall:

(a) provide any information and/or documents as may reasonably be required by the Institute, from time to time, which shall be true, fair, accurate and not misleading;

(b) not do anything which may tarnish the name, reputation and goodwill of the Institute nor use the content, material or video provided in the Course for any act which is illegal, unlawful, immoral and/or against public policy;

(c) be responsible for the safe custody of all the study materials and Confidential Information received from the Institute and in no event shall the Student try to download or duplicate the content, study materials and videos forming part of the Course;

(d) be bound by and shall comply with the policies, rules, regulations and code of conduct of the Institute which are in force at present and/or that may come into force from time to time;

(e) not do any act and/or thing which would impair and/or adversely affect the Institute’s ownership, rights, title and interest in the Intellectual Property Rights and Confidential Information vested or intended to be vested in the Institute;

(f) not copy (except to the extent permissible under applicable law), reproduce, translate, make any unauthorised use of, reproduce, distribute, republish, display, post or transmit, adapt, vary or modify any aspect of the Course content, study material or software or confidential Information, nor communicate them or it to any third party, without prior written consent of the Institute; and

(g) not remove, adapt or otherwise tamper with any copyright or trade mark notice, legend or logo which appears as part of the Course or the study material provide.

4. DUTIES AND OBLIGATIONS OF THE INSTITUTE

4.1 Subject to the terms of the Agreement, the Institute undertakes to provide the Student access to the Course during the Term.

5. REPRESENTATIONS, WARRANTIES, UNDERTAKINGS AND COVENANTS OF THE STUDENT

5.1 The Student hereby undertakes, covenants, represents and warrants to the Institute that:

(a)all information provided to the Institute are true, accurate and complete; and

(b)the Student is 18 years old or over.

5.2 The Student hereby acknowledges and accepts that:

(a)the Institute has not provided any representations and/or warranties on the content, accuracy, appropriateness and/or adequacy of the Course and all contents, data and study materials provided are on 'as is' basis and the Institute does not guarantee that the Course and the contents and material will be fault free and the Institute does not accept liability for any errors or omissions;

(b)the Institute does not give any warranty that its website and the Course is free from viruses or anything else, which may have a harmful effect on any technology;

(c)the Institute is not guaranteeing or providing any warranty that the Course may lead to a career in the investment banking and financial services sector;

(d)the Course does not lead to a degree or diploma or other educational qualification; and

(e) she/he does not have, and shall not acquire by virtue of the Agreement, any ownership, rights, title and interest in and to Intellectual Property Rights existing in the content of the Course and the study material provided in the Course.

6. TERM AND TERMINATION

6.1 Unless terminated early as provided herein, the Agreement shall commence on the Access Date and shall be valid for the duration of the Term.

6.2 The Institute may forthwith terminate the Agreement, suspend the Student’s access to the Course immediately by giving written notice upon the happening of one or more of the following events:

(i) If the conduct of the Student, in the opinion of the Institute, is inappropriate and/or unsatisfactory and/or prejudicial to the rights and reputation of the Institute.

(ii) If the Student violates the policies, rules, regulations and code of conduct of the Institute.

(iii) On breach of representations, warranties, undertakings, covenants, duties and/or obligations by the Student under the Agreement.

(iv) For any acts or omissions on the part of the Student which are unethical, fraudulent, unlawful, immoral and/ or corrupt.

(v) In the event of breach of the obligations in respect to the Intellectual Property Rights and Confidential Information owned by the Institute.

7. RIGHTS AND OBLIGATIONS ON TERMINATION

Upon the termination of the Agreement, howsoever arising, the Student shall:

(a) forthwith handover, deliver to the Institute all it’s materials, study data, properties including information and documents relating to the Intellectual Property Rights existing and Confidential Information in her/his possession, custody and/or under her/his control existing and/or developed during the Course and under the Agreement; and

(b) the Student shall not retain any copies and/or extracts of the documents, or the contents of any video whether in digital, printed, electronic and/or in any other form, containing any data, Confidential Information, Intellectual Property Rights, any information and/or documents, reports pertaining to the Course nor shall the Student share such information to any third party nor make use thereafter of any Confidential Information, knowledge and/or process and/or technical information acquired by the Student.

8. CONFIDENTIAL INFORMATION

8.1 The Student shall (except as authorised or required by law or as authorised by the Institute) either during the Term or at any time after termination of this Agreement maintain all Confidential Information, in strict confidence and refrain from using, copying, stealing and/or otherwise disclosing, divulging and/or parting with, either directly or indirectly the Confidential Information for her/his own benefit and/or for the benefit of any third parties, except for the purpose of implementation of the Agreement.

8.2 All Confidential Information is the property of the Institute. All contents, documents and/or materials provided in the Course belong to the Institute and the Student waives any right, title or interest she/he may have over such content material and/or information.

8.3 The Student agrees and understands that because of the unique nature and sensitivity of the Confidential Information, the Institute will suffer irreparable harm and/or loss in the event that the Student fails to comply with any of its obligations contained in the Agreement with respect to confidentiality, and that monetary damages will be inadequate to compensate the Institute for such breach. The Student, therefore, agrees that the Institute shall in addition to any other right and/or remedy it may have in law have the right to seek immediate injunctive relief and specific performance to enforce the confidentiality obligations of the Student contained herein.

8.4 The Confidential Information, the contents of the Course and all study material being disclosed under the Agreement shall not be used by the Student to directly and/or indirectly engage in any activity relating to teaching and /or any other business similar to that of the Institute.

9. NOTICES

9.1 All notices and other communication under the Agreement shall be in writing and in English and either delivered by hand or sent by registered mail or courier by email or by facsimile telex or fax in each case to the addresses provided by the Parties from time to time.

9.2 All notices shall be deemed to have been validly given on (i) the business date immediately after the date of transmission with confirmed answer back, if transmitted by facsimile/electronic transmission, or (ii) if sent by pre-paid first class post or other next working day delivery service, at 9.00 am on the second business day after posting; if delivered by commercial courier, on the date and at the time that the courier's delivery receipt is signed.

10. INDEMNITY AND LIABILITY

10.1 The Student hereby agrees and undertakes that it shall, at all times, indemnify and keep the Institute fully indemnified against any and all losses, liabilities, claims, damages, costs, charges and expenses (including, without limitation, any legal or other expenses incurred in connection with defending or investigating any such action or claim) suffered and/or incurred by the Institute arising out of the breach and/or non-fulfillment of any representations, warranties, covenants, undertakings, duties and obligations of the Student under the Agreement.

10.2 It is expressly provided that, in no event shall the Institute be liable for any loss of any kind or for indirect, special, incidental or consequential damages of any kind whatsoever, suffered by the Student in connection with the Agreement.

10.3 The Institute's total liability to the Student, whether in contract, tort (including negligence), breach of statutory duty, or otherwise, arising under or in connection with the Agreement shall be limited to the Fees paid by the Student under the terms of the Agreement.

11. DATA PROTECTION AND PRIVACY POLICY

11.1 The Student acknowledges, accepts and consents to the Institute using personal information provided by the Student in accordance with the Institute’s data privacy policy, which is available on the Institute’s website at: http://www.schoolofib.com/privacy-policy (“Privacy Policy”). By the Student confirming acceptance of the terms of the Agreement, he/she shall also be confirming that he/she has read and accepted the terms of the privacy policy.

11.2 When registering to use the Course, the Student must set up a username and password. The Student shall remain responsible for all actions taken under the chosen username and password to anyone else and keep them secret. The purchase of the Course is for use by the Student only and registration information should not be forwarded on to third parties.

11.3 The Institute will retain and use all information strictly under the Institute’s Privacy Policy referred to in the clause 11.1 above. The Institute may contact the Student by using e-mail and other electronic communication methods and by pre-paid post and by accepting these T&Cs the Student expressly agrees to this.

12. MISCELLANEOUS

12.1 Non-Waiver

No failure on the part of either Party hereto to exercise, and no delay in exercising any rights hereunder, shall operate as a waiver thereof, nor shall any single or partial exercise of any such right preclude any other or future exercise thereof or the exercise of any other right.

12.2 Amendment

Except as otherwise provided herein, the Agreement may not be amended except by a signed agreement in writing between the Parties.

12.3 Severability

If any provision or part-provision of the Agreement is or becomes invalid, illegal or unenforceable, it shall be deemed modified to the minimum extent necessary to make it valid, legal and enforceable. If such modification is not possible, the relevant provision or part-provision shall be deemed deleted. Any modification to or deletion of a provision or part-provision under this clause shall not affect the validity and enforceability of the rest of the Agreement.

12.4 Entire Agreement

The Agreement constitutes the entire agreement between the Parties with respect to the subject matter hereof to the exclusion of all other understandings and assurances, either written or oral.

12.5 Assignment

The Student shall not assign and/or transfer her/his rights, interest, benefits and liabilities under the Agreement.

12.6 Survival

Cancellation, expiration or earlier termination of the Agreement shall not relieve the Parties of obligations that by their nature should survive such cancellation, expiration or termination including warranties, remedies, promises of indemnity, confidentiality and this Clause.

12.7 Force Majeure

The Institute shall not be in breach of the Agreement nor liable for delay in performing, or failure to perform, any of its obligations under the agreement if such delay or failure result from events, circumstances or causes beyond its reasonable control. In such circumstances the time for performance shall be extended by a period equivalent to the period during which performance of the obligation has been delayed or failed to be performed. If the period of delay or non-performance continues for three weeks, the Institute may terminate this agreement by giving 5 days’ written notice to the Student.

12.8 No Partnership

Nothing in the Agreement is intended to, or shall be deemed to, establish any partnership or joint venture between any of the Parties, nor constitute either Party the agent of another Party for any purpose. Neither Party shall have authority to act as agent for, or to bind, the other Party in any way.

12.9 Third Party Rights

The Agreement does not give rise to any rights under the Contracts (Rights of Third Parties) Act 1999 to enforce any term of the Agreement.

12.10 Governing Law and Jurisdiction

The Agreement shall be governed in accordance with the laws of England and Wales. The Parties agree that the Courts at England and Wales shall have exclusive jurisdiction in respect of any matter, claim or dispute arising out of or in any way related to this Agreement Provided that for the purpose of injunctive reliefs and specific performance, the Parties shall have a right to proceed before the courts in appropriate jurisdiction.