ALVORA PLAYSPORTS PRIVATE LIMITED

CIN : U72900CT2020PT C010753

Email alvora.qrouP07@email com Phone No. - 7000660841

REGD OFFICE C/o Shri Enterprise, Plot-51/1, Moti para lnfront of Jalaram Mishtan
Bhandar, Durg CG 491001

Indemnity Bood

shall mean and include its successors,

its registered office at 32, Viraj Building, SV Roa‹1, above HDFC Bank, Khar West. Mumbai,
Maharashtra, Pin — 400052 and corporate office at 9* Floor, Bestech Business Tower, Sector 48,
Sohna Road, Gurgaon, Haryana, Pin - 122002.
WHEREAS the Merchant and PayU had entered into a service agreement dated 2021
(“Service Agreement")”) in accordance to which PayU provides online payment and gateway
solutions through its PayU platform for the website domain: › › .alVOFaplax.com
The Merchant is aware that the Merchant Products fall under restricted/ high risk items as per the
applicable laws and Card Association / Schemes and have hence requested PayU to
provide/continue to provide PayU Services on the basis of this additional indemnity to the
Service Agreement.
The Merchant warrants that they have obtained the requisite approx’als (if needed) from the
respective regulatory bodies/ government (central/state) bodies having jurisdiction at the place of
business for which the payments are made or where the Products are to be delivered using PayU
Services. The Merchant agrees to immediately share a copy of such approval(s) at the request of
PayU.

The Merchant agrees not to sell or to deliver the Products (i.e. goods or services) in a jurisdiction
v•’here there is a restriction/ prohibition imposed by the respective regulatory bodies/ government
{CCfltfal/state) bodies on sale or delivery of such Products. The Merchant undertakes to disclose
PayU all the jurisdictions wherein the Merchant is currently operating (if required by PayU). The
Merchant further undertakes and agrees to immediately intimate PayU along with the applicable
licenses and approvals before extending the services to any other city/ state for which the
Transactions will be processed using PayU Services. In the event PayU foresees any risk
associated in providing PayU Services in the jurisdiction where the Merchant is operating then
PayU shall ask the Merchant to submit the relevant documents within such time as may be
required b) PayU for providing PayU serx'ices in the existing or the new jurisdiction.
fire Merchant further undertakes to do all the compliances as may be required for the sale
Products to a customer in a particular jurisdiction including ensuring the minimum age of the cnd

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user or the KYC etc. as may be required in accordance z’ith applicable law’s of each jtiriSdiCtlOfb

The merchant hereby irrex‘ocably agrees to indemnify PayLl for: (i) breach ot’ applicable law‘s,
rules. regulations, guidelines etc. as may be applicable; (ii) breach or non-performance by the
.hlerchant of any of its undertakings, u’arranties, covenants, declarations. or obligations under the
$er ice Agreement and under this Bond; (iii) any claim or proceedings brought by the Customer
or any user or any third party against PayU and or the Acquiring Banks in respect of any services
offered b› the Merchant (ix’) any act. deed negligence, omission, misrepresentation, default,
misconduct non-performance. or fraud by the Merchant its employees, contractors, agents, users
or any third party (x') any hacking or lapse in security of the Merchant site or the Customer data
(vi) chargehacks or refunds relating to the transaction contemplated under the Service Agreement
(iii) any fines, penalties oT interest imposed directly or indirectly on PayU or arising due to the
transactions conducted on the Merchant Site.
The Merchant hereby expressly agrees that all disputes whatsoever arising out of this Bond shall
be governed in accordance with the terms of the Service Agreement, the courts at New Delhi
shall hax'e the exclusive jurisdiction over any disputes relating to the subject matter of the
Serx5ce Agreement and this Bond.
The Bond shall be inforce from the Effective Date and shall continue for a period of 3 years after
the termination or expiry of the Service Agreement. Provided that the Bond shall remain valid for
any claims or proceedings arising out of any cause of action or services during the tenure of the
Sm5ce Agreement.
The capitalized terms used but not defined in the Bond shall have the same meaning assigned to
them under the Service Agreement.

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