Declaration cum Indemnity Bond

This Declaration cum Indemnity bond is executed and accepted electronically by:

The person (sole proprietor/company/partnership firm/limited liability partnership firm) who is accepting the terms and conditions of this Declaration cum Indemnity Bond either himself or through a duly authorized signatory and who is legally allowed to do business in India (hereinafter referred to as the "the Seller" or the “Indemnifier”) and is in the business of selling various products across India (hereinafter referred to as the “Products”) which expression shall unless repugnant to the context or meaning thereof, include its successors, administrators, representative, and assignees, in favour of M/s. Clues Network Private Limited having its registered office at Plot No 112, Sector 44, Gurugram, Haryana- 122003 (hereinafter referred to as “Indemnified/Shopclues”) which expression shall unless repugnant to the context or meaning thereof, include its successors, administrators, representative, and assignees.

Whereas the Indemnifier is registered with the Indemnified for selling/offering for sale various products/goods through the On-line Platform of Shopclues, to the end-customer(s).

Whereas, Indemnified, being only a facilitator/Intermediary offering its Online Platform for the sale of products/goods of Indemnifier to the end-customer, wants to ensure that the products/goods made available by Indemnifier to the end-customers are not defective, damaged, and/or do not fall under the category of spurious goods, counterfeit goods, grey market goods, infringing third party’s rights, etc.

Indemnifier undertakes and warrants that:

Indemnifier hereby agrees to pay an amount of rupees Twenty Thousand (INR 20,000) or Ten times (10X) the product price for every breach or wrong committed by him above and in respect of any and all direct and indirect claims, losses, damages, expenses, costs or other liabilities (including attorney’s fees) incurred or suffered by Shopclues in any manner from or due to any breach by the Indemnifier of his/her declaration, confirmations, representations and/or warranties under this Declaration cum Indemnity stated above. The Indemnifier also agrees in the event of a third party claim, specifically in relation to infringement of intellectual property rights of such third party or non-compliance by the Indemnifier, Shopclues shall be entitled to provide all details of the products, Indemnifier, sales completed or pending, deliveries made as may be required by such third party or mandated by an order or judgment of any court or other judicial or quasi-judicial authorities and Indemnifier shall be under an obligation to ensure that Shopclues shall not a made a party to any such third party claims as described herein and shall promptly and unilaterally take adequate steps to absolve Shopclues from any liability of any nature whatsoever, either present or anticipated. This Declaration cum Indemnity Bond is being executed electronically and the Indemnifier accepts that the same is validly executed under the Information Technology Act,2000 and shall form a binding agreement between the parties and no Party including the Indemnifier shall claim the invalidity of this Declaration cum Indemnity Bond merely on the grounds that it is being executed electronically. For the abovementioned purpose, the Indemnifier agrees that this Declaration cum Indemnity Bond is being executed and concluded at Gurugram, Haryana. Accepted By (Name): Accepted (Time and Date):