Indemnity Bond Builder

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Parties Details

Indemnifier and Beneficiary / Indemnified party details.

Indemnifier Full Name *

Indemnifier Address *

Beneficiary / Indemnified Party Name *

Beneficiary Address *

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Stamp Margin Top: 90mm

GOVERNMENT OF INDIA • STATE OF RAJASTHAN

NON-JUDICIAL STAMP PAPER — VALUE As applicable in the State

[Leave top 90mm blank space when printing directly onto physical Stamp Paper]

INDEMNITY BOND

(DEED OF INDEMNITY AND GUARANTEE)

This INDEMNITY BOND is executed on this 1 August 2026 at Jaipur, Rajasthan, by the Indemnifier in favour of the Beneficiary:

1. THE INDEMNIFIER / EXECUTANT (PARTY OF THE FIRST PART):

Sunil Kumar Verma, residing at Flat 101, Green Park, Civil Lines, Jaipur, Rajasthan 302006.

(hereinafter referred to as the "INDEMNIFIER / FIRST PARTY", which expression shall, unless repugnant to the context or meaning thereof, include his/her legal heirs, executors, administrators, successors and permitted assigns).

AND

2. THE BENEFICIARY / INDEMNIFIED PARTY (PARTY OF THE SECOND PART):

State Bank of India (Jaipur Main Branch), having its office/branch at Main Building, S.I. Office Campus, Jaipur, Rajasthan 302001.

(hereinafter referred to as the "BENEFICIARY / INDEMNIFIED ENTITY", which expression shall, unless repugnant to the context or meaning thereof, include its successors-in-office, administrators, legal representatives and permitted assigns).

BOND COVENANTS & INDEMNITY UNDERTAKINGS:

1. COVENANT & INDEMNIFICATION UNDERTAKING:

The Indemnifier hereby covenants, undertakes, and binds himself/herself to keep indemnified and hold harmless the Beneficiary, its directors, officers, employees, and agents, from and against all actions, proceedings, claims, demands, losses, damages, penalties, and legal costs up to a maximum aggregate amount of Rs. 5,00,000/- (Rupees Rupees Five Lakh Only Only) incurred or suffered by the Beneficiary by reason of acceding to the Indemnifier's request.

2. DEFENSE & PROTECTION AGAINST THIRD-PARTY CLAIMS:

The Indemnifier covenants that if any third party, heir, claimant, or authority asserts any right, title, claim, or objection regarding the subject matter, the Indemnifier shall at his/her own cost defend, settle, and discharge the same, ensuring zero liability upon the Beneficiary.

3. IMMEDIATE REIMBURSEMENT ON DEMAND:

The Indemnifier agrees that upon receipt of a written notice or demand from the Beneficiary, he/she shall immediately and without dispute reimburse and make good any loss, expense, or damage incurred by the Beneficiary.

4. ABSOLUTE & CONTINUING LIABILITY:

This Indemnity Bond is irrevocable, absolute, and continuing, and shall remain fully enforceable against the Indemnifier and his/her legal heirs, executors, administrators, and assigns until all potential claims are completely resolved.

5. GOVERNING LAW & JURISDICTION:

This Indemnity Bond shall be construed in accordance with the Indian Contract Act, 1872 and the laws of India, subject to the exclusive jurisdiction of the competent courts in Jaipur.

6. WITNESSES ACKNOWLEDGMENT:

Signed, sealed, and delivered in the presence of the following witnesses: 1. Vikram Rathore, C-44 Vaishali Nagar, Jaipur 2. Mahendra Singh, B-12 Malviya Nagar, Jaipur

Place / Location: ______________________Date of Execution: ______________________

IN WITNESS WHEREOF, the Indemnifier has executed and signed this Indemnity Bond on the day, month and year first above written in the presence of the witnesses.

INDEMNIFIER / EXECUTANT (SIGNATURE)

Sunil Kumar Verma

INDEMNIFIER / EXECUTANT (SIGNATURE)

BENEFICIARY / ACCEPTED BY

State Bank of India (Jaipur Main Branch)

BENEFICIARY / ACCEPTED BY

WITNESS 1:

Name: ______________________

Signature: ___________________

WITNESS 2:

Name: ______________________

Signature: ___________________

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