INDIAN COFFEE TRADE ASSOCIATION

INDEMITY BOND

This deed of indemnity is made on this day of 2016

BETWEEN

AND
M/s. Indian Coffee Trade Association, Coffee Board, Building No.1, Dr. Ambedkar Veedhi, Bengaluru -
560 001, KarnataKa, herein after referred to as The Association", of the SECOND PART.

Whereas, the association, the party of the second part, being represented by its broker members
namely:

1) M/s. Thomas 8: Co. Private Limited, Bengaluru

2) M/s. Forbes, Ewart & Figgis Private Limited, Bengaluru.

The association also consists of seller / grower members / buyer members / curer members. The buyer
member consists of the both exporters & domestic dealers.

The broker members or the auctioneers are acting on behalf of the seller / grower members to sell their
coffee wherein the auctioneers are getting a fixed commission as prescribed for the services rendered.

Whereas, the coffee belonging to the seller / grower are being sold in the coffee auction held at
Bengaluru from time to time on behalf of the seller / grower members, coffee sold by the brokers in the
auction is exclusive of value added tax and other

taxes, if any, in addition to the knocked down sale price for all buyer members. The buyer alone shall be
responsible to the broker for all the transaction of the purchases.

ln consideration of the broker members of the ICT A stated above having exempted the company
making a cash deposit as _Security Deposit. The buyer member hereby indemnified the above
mentioned brokers as follows:

And whereas `it is agreed that in respect of such sales which are taxable. The assessment in respect of
the coffee sold on behalf of the seller / grower may be made on the broker in his capacity as the agent
of the seller / grower.

In consideration of the brokers agreeing to be assessed in respect of sales of coffee belonging to the
seller made at the coffee auction at Bengaluru from time to time on the bases of the knocked down sale
price being exclusive of value added tax & additional taxes, if any, the buyer hereby guarantees to
reimburse the broker the taxes as mentioned above and any other such levies which cannot be collected
from the buyer at the rate at which it is payable by the broker and indemnifies the broker against any
loss that may be suffered by them as a result of such assessment.
Death, Dissolution or lnsolvency of the buyer or broker shall, not effect this validity of this bond,

Dated this Day of 20 .

Witness & Address:

1)

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Witness & Address:

2)

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