Depa rate PUNIAB AE 039808 INDEMNITY BOND FOR BASEMENT 4 § This indemnity bond is executed by Sh Parshotam Singh Grewal S/o Sh. rant Singh Grewal, Rio #1122, Phase 5, Mohali, Punjab, as authorized Signatory of (Orbit Apartment Construction Pvt. Ltd. Reg. Office #1123, Phase-5, SAS Nagar, li (Pb.-160059) on the behalf of all the partners (herein after called the owner) in ur of Municipal Council Zirakpur (hereinafter called the Municipal incil/Corporation). ‘Sf Whereas the owner has submitted to the Municipal = OF Sanction of basement over Plot at VIP Road under the ———"" ctl 1911 and the Bye-lews made there under. ‘And where as the Municipal Council has agreed t corlstruction subject to the condition that the owner shai the event of any loss or damage being caused to thi account of the construction of the said basement either at the foundation and also against any claim of any concem theret. Fy)” And whereas the owner has agreed to execute an indemnity bond to the fe effect and also to abide by the terms by the Municipal Council to the grant of Sanction of the basement. ij NOW THIS DEED WITNESSED That consideration of the sanction of the plans of the owner of construction of the basement the owner undertake that he shall at all times keep the Basement harmless and free from any liability less or damage following 1. Ne COneats te 4 4 ! I i f FARTHENT CONSTRUETION "( Dralyar, 2:7 AUG 2019from any injury or damage caused to either properties adjoining basement or to any person as a consequence of the construction or at the time of digging of its foundation or during the course of its construction or at any time there after. 2 They owner agrees and undertake that in the event of any claim being made by any person or persons against the Municipal Council either in fespect of the sanction granted by the Municipal Council to the owner for the construction of basement by the owner or the consequences following from the said sanction the owner shall be responsible and liable and not the Municipal Council. 3. The owner agrees and undertake to indemnify the Municipa! Council fully in respect of any amount which the owner may be required to pay to any Person by way of construction of damages or on any other account as a result of any claim or suit or any other Proceedings concerning the sanctioning of the construction of the basement of the making there of and Which the Municipal Council may incur on defending any action. 4. Without prejudice to above the undertaking the owner hereby binds itself to apply to the Municipal Council to the full extent any amount which the Municipal Council may be required to pay extent any amount which the Municipal Council may be required to pay to any person in connection with relating to or conceming the sanctioning of the basement or the making thereof. 5. The owner further agrees and undertakes that this bond shall remain in full force and effect til the owner faithfully observes &-performs the undertaking herein bofore contained. eet LXE IN WITNESS WHERE OF THE owner above named has signed this = Sia sano WA 27" August day of 2019. at Zirakpur i a JY ae OF WITNESS 1: WITNESS 2: INDEMNIFIER onignts tes estidend ‘on chart aPartuedr consraughion Prt, 10. mont has mF oe yecutan : 3 eptea this cornact. on fiat Rows ee ‘ Name :Adil Bains Name ‘Sheetal Hans Address :#1688, Address #2310/2, Phase-3B2, Mohali Sector 45C, Chandigarh 27 MG 206