Indemnity

THIS DEED OF INDEMNITY is made at ____________ on this _______ day

of____________________, 20_ _ by ________________ residing at_____________ and registered as a
Authorised Person with IIFL Securities Limited under registration no. ________

(Hereinafter referred to as the "Indemnifier" or “Authorised Person”) which expression

shall, unless it be repugnant to the context or meaning thereof, mean and include its
heirs, executors,
Administrators, successors, and assigns of ONE PART;

IN FAVOUR OF
IIFL Securities Limited., having its registered office at IIFL House, Sun Infotech Park,
Road No. 16V, Plot No.B-23, Thane Industrial Area, Wagle Estate, Thane – 400604
(hereinafter referred to as the “indemnified” or “Company”) which expression shall
unless it be repugnant to the context or meaning thereof shall mean and include its
successors and permitted assigns of the OTHER PART.

“Parties” shall mean collectively the Indemnifier and the Company and “Party” means
anyone of them as relevant to the context.

WHEREAS:

1. The indemnifier is a registered Authorised Person with the Company under

registration no _______________. The Authorised Person has expressed his/its intention
disassociates/close his Authorised Person relationship with the Company &
consequently terminate the Authorised Person with the Company. The Company has
acceded to the same.
2. Pursuant to the said arrangement of termination of the Authorised Personship, the
Authorised Person hereby executes this Indemnity in favor of the Company.

NOW, THEREFORE, in consideration of the foregoing and the mutual agreement

contained herein, the Indemnifier hereby represents, agrees and undertakes as follows:

1. The Indemnifier represents that during the course of his/its Authorised Personship
he/it has not indulged into any illegal and unethical trade practice and neither has the
Authorised Person violated any provisions of the applicable laws, governing rules and
regulations of the Exchanges, which would give rise to any direct/indirect claim and/or
regulatory/statutory action against the Company.

2. The Authorised Person hereby agrees and undertakes to indemnify the Company
against all costs, losses, claims, damages and liabilities including professional fees
incurred by the Company for any reason including but not limited to any
default/negligence/violation/breach of his/its obligations of the provisions of the
Authorised Person agreement executed with the Company/ of any provisions of the
applicable laws, rules, regulations etc.

3. The Authorised Person agrees and undertakes that he/it shall assume sole and entire
responsibility for and indemnify and save harmless the Company against all claims,
whatsoever, arising from the clients for the period the accounts of the clients maintained
with the Company were mapped with the Authorised Person, whether the claims are
made prior to or after the termination of the Authorised Person.

4. The Authorised Person hereby undertakes to indemnify and save harmless the
Company against all such claims, cost, charges, levies, action arising from any claim
stated in clause 2 and 3 above, without any delay or demur. The Authorised Person
agrees and undertakes that over and above the rights available to the Company, the
Company is entitled to set-off any dues payable to him/it against the recovery,
settlement of claims, cost of litigation, etc, with regard to the clients, for the period the
accounts of the clients are mapped with the Authorised Person, whether such claims,
cost etc. arise prior or post termination of the Authorised Person agreement.

5. The Indemnifier agrees and undertakes that the Company is free to exercise its legal
right on breach of any provision stated herein.

Solemnly Affirmed and Declared at ______________ )

On this ______ Day of _________________, 20__ )

By the aforesaid )
______________________________________________ )
In the presence of: )

Name: )
Address: )

SIGNED AND ACCEPTED)

by Authorised signatory for and on behalf of )

IIFL Securities Limited )
______________________________________________ )
In the presence of: )

Name: )

Address: )