BANK GUARANTEE Bank Guarantee No :

Date :

In pursuance to the appointment of M/s having its Regd. Office / rincip!e p!ace of "usiness at # as Bu$er %herein after referred to as &Distri"utor/'tockist() of M/s ************ +td having its registered office at *************

herein after referred to as &'e!!er(# a rotationa! Bank Guarantee e,uiva!ent to Rs. ................................. is re,uired to "e su"mitted "$ the Bu$er/Distri"utor/'tockist to 'e!!er to-ards its outstanding dues during the tenure of its Distri"utorship/'tockistship# as pre. re,uisite to the Distri"utorship/'tockistship appointment process.

In order to get itse!f registered as Bu$er of 'e!!er# the Distri"utor/'tockist has approached us and at their re,uest and in consideration of the promises -e ******%Bank)******************************** having our office at ********************************************* have agreed to give such guarantee as hereinafter mentioned:

/. 0e# Bank *****************# do here"$ undertake to pa$ 'e!!er an amount not e1ceeding Rs. ../. %Rupees .. on!$) the due and punctua! pa$ment to

the 'e!!er of a!! mone$s -hich are no- o-ing to the 'e!!er "$ the Bu$er and a!! further sums of mone$ from time to time o-ing to the 'e!!er "$ the Bu$er in respect of goods and services supp!ied or to "e supp!ied "$ the 'e!!er to the Bu$er or an$ other !ia"i!it$ of the Bu$er to the 'e!!er# and the due o"servance and performance "$ the Bu$er of a!! its o"!igations imp!ied or contained or in an$ agreement/contract -ith the 'e!!er. If for an$ reason the Bu$er does not pa$ an$ amount o-ing to the 'e!!er the Guarantor -i!! immediate!$ on demand pa$ the re!evant amount to the 'e!!er.

2. 0e# Bank *****************# do here"$ undertake to pa$ # indemnifies the 'e!!er

on demand as a separate o"!igation against an$ !ia"i!it$ %inc!uding "ut not !imited to damages costs !osses and !ega! fees %as defined hereunder in paragraph " hereof)) incurred "$ or assessed against the 'e!!er in connection -ith: %a)the supp!$ of goods and/or services to the Bu$er3 or %") the recover$ of mone$s o-ing to the 'e!!er "$ the Bu$er inc!uding the enforcement of this Guarantee and Indemnit$# and inc!uding "ut not !imited to the 'e!!er4s nominees costs of co!!ection and !ega! costs ca!cu!ated on a so!icitor and o-n c!ient "asis3 or %c) mone$s paid "$ the 'e!!er -ith the Bu$er4s consent in sett!ement of a dispute that arises or resu!ts from a dispute "et-een# the 'e!!er# the Bu$er# and a third part$ or an$ com"ination thereof# over the supp!$ of goods and/or services "$ the 'e!!er to the Bu$er.

0e# Bank *****************# do here"$ 56R789R :;<NO0+9DG9' :ND :GR99' 78:7:

=.7his Guarantee and Indemnit$ sha!! constitute an unconditiona! and continuing Guarantee and Indemnit$ and according!$ sha!! "e irrevoca"!e and remain in fu!! force and effect unti! the -ho!e of mone$s o-ing to the 'e!!er "$ the Bu$er and a!! o"!igations herein have "een fu!!$ paid satisfied and performed. >. No granting of credit# e1tension of further credit# or granting of time and no -aiver# indu!gence or neg!ect to sue on the 'e!!er4s part %-hether in respect of the Bu$er or an$ one or more of an$ other Guarantor%s) or other-ise) and no fai!ure "$ an$ named guarantor to proper!$ e1ecute this Guarantee and Indemnit$ sha!! impair or !imit the !ia"i!it$ under this Guarantee and Indemnit$ of an$ Guarantor. 0ithout affecting the Bu$er4s o"!igations to the 'e!!er# each Guarantor sha!! "e a principa! de"tor and !ia"!e to the 'e!!er according!$.
?. 0e# Bank ******************# do here"$ undertake to pa$ the amount due and

pa$a"!e under this guarantee -ithout an$ demur and mere!$ on a demand from 'e!!er stating that the amount c!aimed is due "$ -a$ of !oss or damage caused to or -ou!d "e caused to or suffered "$ 'e!!er "$ the reason%s) attri"uta"!e to the Distri"utor/'tockist during the tenure of its Distri"utorship/'tockistship -ith 'e!!er# an$ such demand made on the Bank sha!! "e conc!usive and fina! as regards the amount due and pa$a"!e "$ the Bank under this guarantee and sha!! "e restricted to an amount not e1ceeding Rs.

./. %Rupees . on!$).

@. 0e# Bank **************# agree that the guarantee herein contained sha!! remain in fu!! force and effect during the tenure of the Distri"utorship/'tockistship.

A. 0e# Bank ****************# further agree -ith 'e!!er that 'e!!er sha!! have the fu!!est !i"ert$ -ithout our consent and -ithout affecting in an$ manner our o"!igation hereunder to var$ an$ of the terms and conditions of the agreement%s)/contract%s)#to e1tend the time of Distri"utorship/'tockistship from time to time or# to postpone# for an$ time or from time to time# an$ of the po-ers e1ercisa"!e "$ 'e!!er against the Bu$er/Distri"utor/'tockist and to for"ear or enforce an$ of the terms and conditions re!ating to the Distri"utorship/'tockistship and -e sha!! not "e re!ieved from our !ia"i!it$ "$ reason of an$ such variation# or e1tension or for an$ for"earance# act or omission on the part of 'e!!er or an$ indu!gence "$ 'e!!er to the Distri"utor/'tockist or "$ an$ such matter or thing -hatsoever -hich under the !a- re!ating to sureties -ou!d "ut for this provision have the effect of so re!ieving us.

B. 0e# Bank *************# agree that the amount here"$ guaranteed sha!! "e due and pa$a"!e to 'e!!er on our "eing served# during "anking hours# -ith a notice# re,uiring the pa$ment of the amount. C. 0e# Bank **************# undertake not to revoke this guarantee during its currenc$ e1cept -ith the previous consent of 'e!!er in -riting.
/D. Not-ithstanding an$thing stated hereina"ove the !ia"i!it$ of the Bank under this Guarantee is restricted to Rs. /. %Rupees . on!$).

//.7his Bank Guarantee is non.transfera"!e# unconditiona!# continuing E irrevoca"!e.

/2.0e# Bank ************** agree that 'e!!er has the right to recover the said sum of Rs. /. %Rupees on!$) from us in the manner aforesaid -i!! not "e affected or suspended "$ reason of the fact that an$ dispute or disputes have "een raised "$ the Distri"utor/'tockist or "$ an$ other person%s) and/or that an$ dispute or disputes are pending "efore an$ Officer# 7ri"una! or ;ourt.

/=.7he guarantee herein contained sha!! not "e determined or aforesaid "$ the !i,uidation or -inding up# disso!ution or change of constitution or inso!venc$ of the said Bu$er/Distri"utor/'tockist and or our Bank ************** "ut sha!! in a!! respects and for a!! purposes "e "inding and operative unti! pa$ment of a!! mone$ due to $ou in respect of such !ia"i!it$ or !ia"i!ities# is paid.
/>.0e# Bank ************** agree that 'e!!er sha!! have right to !odge its c!aim# under this guarantee# an$ time during the su"sistence of this guarantee and/or -ithin =D da$s thereafter.

/?.7his guarantee sha!! not "e affected "$ an$ change in the constitution of the Bank# its successors or assigns# or "$ its a"sorption of or "$ its ama!gamation -ith an$ other Bank or Banks.
/@.7his guarantee sha!! "e in addition to and sha!! not in an$ -a$ "e preFudiced or affected "$ an$ co!!atera! or other securit$ or guarantee no- or hereafter to "e he!d "$ 'e!!er.

/A.7he o"!igations and !ia"i!ities e1pressed to "e undertaken "$ the Bank under this Guarantee are those of primar$ o"!igor and not mere!$ as a suret$ and sha!! not "e affected "$ an$ of the o"!igations of the Distri"utor/'tockist under the ;ontract "eing void# voida"!e or unenforcea"!e for an$ reason.

/B. 'e!!er sha!! not "e o"!iged "efore taking steps to enforce an$ of its rights and remedies under this Guarantee to take an$ action or o"tain Fudgment against the Distri"utor/'tockist or an$ other person. 7he guarantee sha!! remain in force initia!!$ ti!! # -hich ma$ further "e e1tended# at the so!e discrection of 'e!!er# ti!! the e1istence of Distri"utorship/'tockistship.

Date: Place:

Sd............................... Bankers Seal of the Bank

Witness: 1. ....................................... 2. .......................................