MEMORANDUM OF UNDERSTANDING

This MOU is dated this 13 day of June, 2026 BETWEEN MINDSET BUSINESS & ENTREPRENEURSHIP LTD

hereinafter refers to as MBE Academy.

AND

, located at
hereinafter refers to as The Company.

Objective:

The objective of this MOU is to consolidate the strategic partnership between MBE Academy and The Company.

MBE Academy shall post her students (trainees) to the Company to be trained adequately in any chosen vocation or trade skill for a fee and for a specific period of time.

TERMS:

  1. 20% of the training fee charged by the trainer shall belong to MBE Academy while the trainer shall retain 80%.
  2. The students shall pay their training fees to MBE Academy, and MBE Academy shall remit 75% to the Company in two installments.
  3. Certificate of proficiency/completion of training shall be issued by the MBE Academy.
  4. MBE Academy students shall pay a moderate customary fee or gift (if any) as obtainable to The Company’s training culture.
  5. The MBE Academy trainees shall comply with the formal rules and regulation as expressed in The Company’s code of conducts.
  6. The MBE Academy trainees must not undergo undue punishment or unhealthy treatment in the course of training.
  7. The MBE Academy trainees shall not be subjected to hidden charges except the charges agreed upon between MBE Academy and The Company.
  8. MBE Academy shall monitor the quality of training provided by The Company.
  9. The Company shall regularly sign the MBE Academy students log book (if any).
  10. The Company shall award commission to MBE Academy students for selling or bringing in clients, buyers, customers, etc, as it is mandated on them.

Amendment

This MOU may be amended at any time with the mutual consent of the parties.

Declaration


I do hereby declare that I have accepted the terms and conditions of MBE Academy’s training partner as stipulated on this MOU, and shall abide by them for the purpose of this partnership.