AGREEMENT

This Agreement is executed on the date mentioned in

Term and termination:
the Anne~,ue (Agreement) between IRC CREDIT
2. This Agreement shall be for a period mentioned in the
Annexure, unless terminated by either party by 1 month
MANAGEMENT SERVICES LIMITED, a
prior notice to the other herein, and will be renewed at
company duly incorporated under the Companies Act,
the option of IRC CML. Termination of this ,
1956, having its registered office at 106 JOY VELENCIA
Agreemen t, shall not affect any obligations and liabilities
JVLR JOGESHWARI EAST MUMBAI, herein represented
of tne Other Party that are accrued prior to effective
by its authorized signatory, (hereinafter referred to as
date of termination.
"IRC'') AND D B MALLS PRIVATE LIMITED. the > I

Billing & payment:

party, whose particulars, in detail, are as mentioned in 3. As per the consideration agreed in th~ Annexure, and
the Annexure of this Agreement (hereinafter referred
after first obtaining the written confirmation from, JRC
to as "the Other Party''). The expressions shall,
CML on the amount' to be invoiced, the Other Party
unless repugnant to or inconsistent with the context or shall send its invoice within 7 days of subsequent month
meaning thereof, mean and include (as the case may
along with •reports and IRC CML shall pay the
be) their legal heirs, executors, administrators,
undisputed ~ount within 30 working days of receipt,
successors and ·assign& subject to validation and verification. The Other Party
WHEREAS,:
shall be fully °liable and responsible for any qr all tax
I I l

1. IRC CREDIT MANAGE MENT SERVICESfa related requirements, including filing of returns, etc.
LTD is engaged in Risk Management and Risk Conditions:
Assessment Debtor Analysis and Receivable
4. The Other Party shall provide the Services as per the
management and is looking to avail certain services,
requirements of IRC CML from tin}e to time.
which the Other Party offered to provide, and IRC
5. The Other Party shall be liable and responsible for and
CML agreed to engage the Other Party on non-
also assume all risks and consequences arising out of the
exclusive basis, on terms and conditions agreed
Services being 8rovided and ,sub-contractor related
herein.
issues.' . .'
NOW THIS AGREEMENT WITNESSETH AS 6. The mtellectual property nghts associated with ~C
FOLLOWS: CML shall always vest with IRC CML only. ~jl'
Services: confident i~ty
7. The Other Party shall maintain complete'
1. The services agreed to be provided by ·the Other of IRC CML or such oilier
of any or all information
Party herein shall include: Q) background verification
informatio n, that a~e confidenti ~, that it comes to be in
of assets, checking of documents other than KYC,
possession of; and this oblig~tion shall survive the
supply ~f computer co~sumabl,s and other office
termination or expiration of this Agreement.
automation related services and Various Kind of
8. The Other Party shall defend, hold harmless, i'ndemnify
Business Support Services which can incurred from
and keep indemnified IRC CML from and against all
time to time.
losses, damages, claims, etc., arising out of acts and
deeds of the Other Party, its sub-contractors, etc.
9. Th~ C?ther Party shall not assign its rights and
obligations under this Agreement.
10. • The Other Party shall at all times be compliant of
statutory/ regulatory requirements/licenses, including
labour laws, to the extent applicable. The Other Party
shall be and ~one be fully liable and re~ponsible for
any consequences arising out 'of any non-compliance in
this regard and shall fully absolve IRC CML of any
such consequences in this regard.
11. Any dispute shall be referred to and finally settled
~y sole arbitratio~ appo~te~ by 11,lC CML, conducted
tn accordance 'Wlth Arbitration and Conciliation Act
1996, with_ language as English and seat, place & venu~
at Mumba1. The award of the Arbitrator shall be final
and binding on the Parties.
12.This Agreemen t shall be governed by and construed •tn
,d .•
accor ance with the laws of India and shall be sub·Ject
. . di . f
to th e 1uns ctlon o the Courts in Mumbai.