Dear Deepak Kumar

Partner ID: AKVPUN******

RM Name:-Razzaq Mohammad

Date: 25/07/2023

TERMS AND CONDITIONS OF APPOINTMENT

This is with reference to your application for appointment as a Channel Partner with Nikunj Healthcare Technologies Private Limited. (AyushKavach), (hereinafter referred to as “the Company”, “AyushKavach”, “we”). Your appointment with AyushKavach will be confirmed on issuance of an appointment letter, pursuant to your compliance with the Guidelines for Appointment of Advisors or Channel Partners. The terms and Conditions mentioned herein are applicable to you subject to your appointment as a Channel Partner of AyushKavach. On issuance of Appointment Letter by AyushKavach, the terms and conditions mentioned below are deemed to be accepted by you.

A. Appointment of a Channel Partner

Your appointment as the Company’s Channel Partner to source business from anywhere in India is at all times subject to your adhering to and in accordance with the terms and conditions of your appointment and complying with the relevant guidelines/regulations. B. Indemnity

i. The relationship between AyushKavach and the Channel Partner shall be solely that of principal and Channel Partner in relation to the business/policies. You agree and acknowledge that the benefit of the relationship with any existing customer/Plan holder (“Plan holder”) introduced by you belongs to AyushKavach and you shall not do anything following termination of this Agreement, or otherwise, to prejudice the continuing relationship between AyushKavach and the Plan holder. ii. You shall perform activities only to the extent and subject to the terms and conditions as authorized by AyushKavach in writing. You shall be solely and personally liable for all acts which are not approved or authorized by the Company in writing or due to your default, negligence or unlawful act or omission. You agree to indemnify and hold the Company and its representatives, officers, Channel Partners and assigns (“Representatives”) harmless at all times from and against any and all liability, damages, losses, claims, cost and expenses (including any fees and expenses) and any other loss that may occur or arise due to your acts or omissions which are not approved or authorized by AyushKavach in writing or due to your default, negligence or unlawful act or omission.

C. Termination or Suspension

Your appointment as a Channel Partner of the Company shall be valid until terminated by either party as per terms and conditions of this Appointment Letter. Notwithstanding anything contained in this Appointment Letter, the Company is entitled to your appointment in accordance with the guidelines issued time to time, without any liability for compensation or damages in the below mentioned circumstances:

(a) Your performance has not been satisfactory as per Company’s Plan; or

(b) Violation or non-compliance with statutory/regulatory norms; or

(c) You have acted in breach of the code of conduct; or

(d) Violation of the terms and conditions of your appointment; or Any information

(e) furnished by you in relation with the appointment is false, misleading, incorrect or untrue; or

(f) Acted in a fraudulent manner.

D. Commission & Payments

• The Company will pay commission to you through e-payment mode only i.e., ECS/NEFT. Commissions shall be paid for subscriptions sold by you. The payment cycle will be decided by the Company and informed to you from time to time. Commission may be put on hold in case of investigation by the Company for fraud, quality of business, etc.

• Commission shall be paid in Indian Rupees only.

• The Company shall pay commission as per its internal Plan, on the premium generated by you and the rates and modes of payment of commission, will be informed to you by the Company from time to time.

There will be 10% deduction as TDS on payout.

E. Minimum Business Standard

• You shall maintain Persistency Rate and Minimum Business Standards as communicated by the Company from time to time.

• You shall maintain a correct and complete record of the various policies sold and their persistency on a year-on-year basis.

• Non-adherence to Persistency Rate and Minimum Business Standards will lead to withholding/recovery of commissions and benefits paid to you. It may also lead to termination of your appointment.

F. Declaration of Intent

You, hereby confirm that on your appointment as an Channel Partner of AyushKavach, you will fully co-operate with the Company, to disclose all such facts, and provide all such details and attest the same by providing such certified true copies of documentation and in general follow such guidelines, as prescribed, in this regard, and as may be reasonably required by the Company, from time to time, and maintain and do all such acts, things, deeds necessary in terms of the regulations and rules framed by any judicial/quasi-judicial authority and such other policies framed by the Company, to ensure due compliance with the laws of India.

You, further authorize the Company to seek/confirm the said information due from you/provided by you from any other reliable third-party source, at the sole discretion of the Company. Further, subject to your appointment, you also agree and authorize the Company to withhold payment of, any commission or benefits, due to you, in case you fail to discharge your obligation, as stated, aforesaid, till such time that the said requirement remains unfulfilled.