Common use of Rights and Obligations of the Participant Clause in Contracts

Rights and Obligations of the Participant. Subject to the provisions of this Agreement, You shall: 2.1. Be entitled to the following: 2.1.1. Access the online mentoring and learning portal to undertake the 12-week Start-up Enterprise Tool-kit training course. 2.1.2. Access to a Mentor, on a non-exclusive basis for the 12 week course and throughout the 2019 cycle to develop and finalise a Business Plan. 2.1.3. Participate in the 2019 TEF Entrepreneurship Forum or such other date as may be communicated; participation may be virtual or physical. 2.1.4. Upon the successful completion of the 12-week training program, provision of required documentation, certification of your business plan, and complying with all other stipulated requirements, your business account will be credited with N1,534,500 (Naira value of $5,000 at the Central Bank of Nigeria’s Official USD/Naira exchange rate of N306.9/USD on selection date of March 22, 2019), payable in the currency of the Country in which You business and into your business account domiciled in United Bank for Africa (where applicable). 2.2. Endeavour to participate in all scheduled tasks and activities within the stipulated timelines and put in the minimum required number of contact hours with your Mentor. 2.3. Be responsible for owning or obtaining a valid international passport as required for your travel to Nigeria to attend the TEF Entrepreneurship Forum, where applicable. 2.4. Be responsible for applying and bearing all related costs for obtaining a Nigerian Visa that will enable You to attend the TEF Entrepreneurship Forum in Nigeria, where applicable. No reimbursements will be granted for visa or passport fees. 2.5. Provide updated relevant personal, contact or business information to the Foundation upon any change to any information submitted when applying. 2.6. Submit within the required timelines, all required documents to the Foundation after selection. 2.7. Participate in any publicity or promotional activity arranged by the Foundation in relation to the Programme. 2.8. Participate in the tracking of the execution of your business plan by completing the status update on the TEF Connect half yearly or at such intervals as the Foundation may require. 2.9. Participate in the monitoring and evaluation (M&E) program of the Foundation by undertaking an competing all surveys including the baseline survey prior to commencing the 12 week Start-up Enterprise Tool-kit training course. 2.10. Providing monthly financial information and quarterly non-financial information regarding the business as well as responding to questionnaires that may be administered for the M&E surveys. 2.11. As a result of successful participation in the Programme and meeting the stipulated terms and conditions, become a Programme Alumnus and shall maintain at all times, a professional and responsible conduct as an alumnus. 2.12. Adhere to all deadlines stipulated by the Foundation for key activities and submissions. 2.13. Be expected to be an active member of the Alumni chapter closest to You. 2.14. At all times comply with the Terms & Conditions and all other rules and guidelines provided by the Foundation as relates to any aspect of the Programme. You are responsible for reading and keeping yourself updated on the Terms & Conditions and all other applicable rules and guidelines and are expected to comply with them at all times. Breach of the Terms & Conditions or any other applicable rule or guideline shall subject You to being removed from the Programme and termination of this Agreement.

Rights and Obligations of the Participant. Subject to the provisions of this Agreement, You shall: 2.1. Be entitled to the following: 2.1.1. Access the online mentoring and learning portal to undertake the 12-week Start-up Enterprise Tool-kit training course. 2.1.2. Access to a Mentor, on a non-exclusive basis for the 12 week course and throughout the 2019 cycle to develop and finalise a Business Plan. 2.1.3. Participate in the 2019 TEF Entrepreneurship Forum or such other date as may be communicated; participation may be virtual or physical. 2.1.4. Upon the successful completion of the 12-week training program, provision of required documentation, certification of your business plan, and complying with all other stipulated requirements, your business account will be credited with N1,534,500 N1,529,500 (Naira value of $5,000 at the Central Bank of Nigeria’s Official USD/Naira exchange rate of N306.9N305.9/USD on selection date of March 22, 2019), payable in the currency of the Country in which You are conducting your business and into your business account domiciled in United Bank for Africa (where applicable). 2.2. Endeavour to participate in all scheduled tasks and activities within the stipulated timelines and put in the minimum required number of contact hours with your Mentor. 2.3. Be responsible for owning or obtaining a valid international passport as required for your travel to Nigeria to attend the TEF Entrepreneurship Forum, where applicable. 2.4. Be responsible for applying and bearing all related costs for obtaining a Nigerian Visa that will enable You to attend the TEF Entrepreneurship Forum in Nigeria, where applicable. No reimbursements will be granted for visa or passport fees. 2.5. Provide updated relevant personal, contact or business information to the Foundation upon any change to any information submitted when applying. 2.6. Submit within the required timelines, all required documents to the Foundation after selection. 2.7. Participate in any publicity or promotional activity arranged by the Foundation in relation to the Programme. 2.8. Participate in the tracking of the execution of your business plan by completing the status update on the TEF Connect half yearly or at such intervals as the Foundation may require. 2.9. Participate in the monitoring and evaluation (M&E) program of the Foundation by undertaking an competing all surveys including the baseline survey prior to commencing the 12 week Start-up Enterprise Tool-kit training course. 2.10. Providing monthly financial information and quarterly non-financial information regarding the business as well as responding to questionnaires that may be administered for the M&E surveys. 2.11. As a result of successful participation in the Programme and meeting the stipulated terms and conditions, become a Programme Alumnus and shall maintain at all times, a professional and responsible conduct as an alumnus. 2.12. Adhere to all deadlines stipulated by the Foundation for key activities and submissions. 2.13. Be expected to be an active member of the Alumni chapter closest to You. 2.14. At all times comply with the Terms & Conditions and all other rules and guidelines provided by the Foundation as relates to any aspect of the Programme. You are responsible for reading and keeping yourself updated on the Terms & Conditions and all other applicable rules and guidelines and are expected to comply with them at all times. Breach of the Terms & Conditions or any other applicable rule or guideline shall subject You to being removed from the Programme and termination of this Agreement.