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I /We

Agreement ……………………………………………………………………..

Son/daughter of

…………………………………………………………………….. ……………………………………………………………………..

Resident of

……………………………………………………………………... ………………………………………………………………………

……………………………………………………………………… Having my/our business at……………………………………………………………………

  • ………

    .……………………………………………………………..

Agree as below:

1.

I/We confirm that the information furnished by me/us to mjunction services limited are all true and correct to the

best of my/our knowledge and belief and no material facts have been concealed by me/us. I am competent and authorized to enter into agreements on behalf of my firm.

2.

I/We hereby understand and agree that the responsibility of preserving and maintaining the confidentiality and

secrecy and security of my/our Login ID and transaction password (as also that of “secret question”/ “secret answer” combination) solely rests upon me/us and I/We shall be solely responsible for any breach/loss in this respect. I/We also understand and agree that without authorized written instructions from me/us, new password shall not be re-issued by

mjunction services limited.

3.

I/We agree to continually change the password (as also that of “secret question”/ “secret answer” combination)

and keep it confidential. I/We agree that mjunction shall not be held responsible in any way for any loss that may by suffered by me/us as a result of disclosure of the password to any other person.

4.

I/We agree and undertake to ensure that the safety, security, data integrity service or any other facts/information

of auction is not compromised with anyone else.

5. seller. 6.

I/We understand and agree that mjunction services limited shall not be liable for any inappropriate list send by the

I/We agree that mjunction shall not be liable/responsible for any interruption in e-selling auction service caused by

any means.

7.

I/We confirm to have read the specific terms and conditions that are displayed on mjunction website regarding the

auction event. I/We agree to strictly abide by any and all the Terms and Conditions displayed on the mjunction website.

8.

I/We understand and agree that my/our security deposit/Bank guarantee is liable to be forfeited on

infringement/breach of any Terms and conditions as prescribed from time to time by mjunction or it’s Client (seller). I /We

agree that mjunction will be well within its right to take any punitive measure against me/us including permanently debarring/blacklisting from participating in any and all mjunction events.

9.

I/We understand and agree that all voice communications made by me/us with the auction room of mjunction are

recorded and kept for future reference and action, if necessary. I/We further agree and confirm that any and all such verbal communication and instructions passed by me/us shall constitute a valid communication and shall be treated as valid contractual obligation cast on me/us to ratify such communication/instruction in writing as and when required by mj

10. In no event mjunction shall be liable to the customer for any loss or damage whatsoever or howsoever caused arising directly or indirectly in connection with the Services and/or this Agreement, including without limitation any: -

  • (i)

    Loss of data;

  • (ii)

    Interruption or stoppage to the Customer’s access to and/or use of the online market/exchange (website portal);

Arising out of the performance of the Services or otherwise

Page 4 of 5

(form revision date 01/12/2008)

Signature of Buyer

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