THIS DEED OF GUARANTEE executed at _______, this ________ day of _______________ Two
thousand and ____ BY ABC of ___________, Indian Inhabitant, having address at ______________
_______________________, hereinafter called “THE GUARANTOR” (which expression shall unless it
be repugnant to the context or meaning thereof, mean and include his heirs, executors and
administrators) of the One Part; And X Y Z also of _____________, Indian Inhabitant, having
address at ___________________________________, hereinafter called “THE PRINCIPAL” (which
expression shall unless it be repugnant to the context or meaning thereof, mean and include his

heirs, executors, administrators and Assigns) of the Other Part:

W H E R E A S:
(a) This Agreement is supplemental to a contract (hereinafter called “the Contract” dated
____________ made between one
M/s VIJAY CONSTRUCTIONS (hereinafter called “the Contractors”) of the One Part and the
Principal of the Other Part whereby the said Contractors agreed and undertook to (state
nature of works or other obligation undertaken) for the sum of Rs. ___________.
(b) The Guarantor has agreed to guarantee the due performance of the contract in manner
hereinafter appearing.
NOW THE GUARANTOR HEREBY AGREES with the Principal as follows:—
(i) If the said Contractors (unless relieved from the performance by any clause of the contract
or by statute or by the decision of a tribunal of competent jurisdiction) shall fail to execute
the contract or commit any breach of their obligations thereunder then the Guarantor will
indemnify the Principal and his representatives against all losses, damages, costs, expenses
or otherwise which may be incurred by him by reason of any default on the part of the
Contractors in performing and observing the agreements and provisions on their part
contained in the contract.
(ii) If any question or dispute shall arise as to the amount of any such losses, damages, costs,
expenses or otherwise the amount thereof shall be determined by (architect, engineer or
trade expert according to the nature of the contract) whose decision shall be final.
(iii) The Guarantor shall not be discharged or released from this guarantee by any arrangement
made between the Contractors and the Principal with or without the assent of the Guarantor
or by any alteration in the obligation undertaken by the contract or by any forbearance
whether as to payment, time, performance or otherwise.
IN WITNESS WHEREOF the GUARANTOR has put his hand on the day and year first hereinabove
written.

SCHEDULE ABOVE REFERRED TO:

SIGNED AND DELIVERED by )
the within named ABC, )
the GUARANTOR above named, in )
the presence of ————————— )