Terms & Conditions - Angels

The Investor hereby undertakes to the following:
  1. That he is compliant with all the laws of the Islamic Republic of Pakistan and has no criminal proceedings against or allegations on him in Pakistan or abroad;
  2. That he regularly files his income tax returns with the Federal Board of Revenue (hereinafter referred to as the “FBR”) and is compliant with all the prevailing tax laws of the Islamic Republic of Pakistan, including the Income Tax Ordinance, 2001;
  3. That he is appearing on the Active Taxpayer List of the FBR and shall continue to comply with all the tax laws of Pakistan during the term of this Agreement;
  4. That no company that he may be a member or director of, in Pakistan or abroad, is insolvent or has insolvency proceedings pending anywhere in the world;
  5. That any company that he may be a member or director of, in Pakistan or abroad, is compliant with all the prevailing laws of that country and has no criminal proceedings initiated against it;
  6. That any investment he makes in any startup affiliated with Teamup or the Portal shall be made using normal banking channel and the source of income for any such investment shall be compliant with all the prevailing laws of the Islamic Republic of Pakistan and the world;
  7. That he has no direct or indirect relationship with Teamup and he merely wishes to use the Portal and avail the Services as per the terms of this Agreement and shall hold harmless and indemnify Teamup and all other members of the Portal and individuals associated with Teamup and the Portal, should any proceedings be initiated against him by any government authority, Federal or Provincial or any government authority of the world, which may adversely or poorly or in the normal course of business malign or negatively affect the name and business of Teamup, the Portal or the members associated with Teamup and the Portal;
  8. That he shall immediately inform Teamup and shall immediately disassociate himself from the portal and Teamup and any/all agreements including this Agreement between him and Teamup shall stand terminated with immediate effect should any proceedings be initiated against him by any government authority, Federal or Provincial or any government authority of the world, which may adversely or poorly or in the normal course of business malign or negatively affect the name and business of Teamup, the Portal or the members associated with Teamup and the Portal; and
  9. That any default of any of the undertakings in this Clause shall result in an immediate termination of this Agreement and any other agreements which Teamup, its affiliates or members may have with him.