(to be executed on a stamp paper of Rs.

100/-)

LETTER OF INDEMNITY

This Letter of Indemnity is executed on this _______ day of________2022 by:

_____, S/o __________, R/o__________, (hereinafter referred to as “the Lessor 1” which expression
shall unless it be repugnant to the context or meaning thereof be deemed to mean and include his
heirs, successors and assigns)

________, W/o _______, R/o__________, (hereinafter referred to as “the Lessor 2” which expression
shall unless it be repugnant to the context or meaning thereof be deemed to mean and include his
heirs, successors and assigns)

The Lessor 1 and the Lessor 2 are hereinafter collectively be referred to as the “Lessors”.

We, the Lessors, state/declare as under:

1. We are the owners of the premises bearing ____________ (hereinafter referred to as the “Said
Premises”) of the building namely “___________ constructed on the piece and parcel of land
bearing _____________ (hereinafter referred to as the “Said Land”);

2. We, the Lessors, intend to convey the Said Premises on lease and for that purposes, we have
agreed to execute a Lease Deed in favor of ______________, a company incorporated under the
Indian Companies Act, 2013 and having its registered office at _________________ (hereinafter
referred to as “Lessee”), for an initial period of 03 (Three) years on mutually agreed rentals as
detailed in the Lease Deed;

3. The Said Premises constructed over the Said Land was previously owned by _________________
and the same was transferred in our name, through unregistered Agreement for Sale dated
______________.

4. The Said Premises has been in our possession and under no circumstances the Lessee’s right to
use and occupy the Said Premises under the purview of the aforementioned Lease Deed shall be
hampered/obstructed due to any action by us/our legal heirs/previous owners or any third
party. In the event, the Lessee is obstructed from using the Said Premises during the term of the
aforementioned Lease Deed, we undertake to indemnify the Lessee upto the amount of Rs.
10,00,000/- (Rupees Ten Lakhs Only) for the losses that might be caused to it due to such reason
and the Lessors agree and acknowledge that the same is a genuine pre-estimate damages which
the Lessee shall be entitled for without any objection or dispute from the Lessors.
 5. In the event, due to any reason whatsoever of our fault including but not limited to the Said
Premises, the Lessee is not able to carry out its business from the Said Premises and the Lessee is
forced to terminate the aforementioned Lease Deed, then loss faced by the Lessee in terms of
investment in the Said Premises in the form of fit-outs shall be borne by us in addition to the
liquidated damages as mentioned above, as well as upon such termination the Security Deposit as
mentioned in the aforementioned Lease Deed shall be refunded by us to the Lessee immediately
of the termination of the Lease Deed by the Lessee.

6. We, the Lessors, shall abide by all the terms and conditions and shall be responsible for any
breach/failure on our part in fulfillment of any of the terms and conditions stated herein above
failing which the Lessee shall be entitled to claim the aforementioned amounts and terminate the
Lease Deed with immediate effect.

AND the Lessors hereby agree with the Lessee that this Indemnity shall remain valid and irrevocable
until the settlement of all claims of the Lessee arising hereunder.

The said Indemnity Letter shall become null and void after the registration of the aforementioned
Lease Deed dated _______.

In witness whereof the Lessors have hereunto set and subscribed his hand this day and year first
herein above written in the presence of witnesses.

(_______________________)

Executors/Lessors

IN THE PRESENCE OF:

WITNESS:

1. (_________________________)

2. (__________________________)