DSK Legal represents Sonu Sood in a significant business deal

DSK Legal represents Sonu Sood in a significant business deal

As a part of the transaction, Sonu Sood shall be acting as a brand ambassador of the Company and shall endorse the Company's business

DSK Legal represented Sonu Sood and Sood Infomatics LLP ("SIL") in relation to the subscription of Class B shares by SIL in E-arth Travel Solutions Private Limited ("Company"), a 30:70 joint venture amongst SIL and Digispice Technologies Limited ("DTL") and Spice Money Limited ("SML").

The Company is engaged in the business of running tour and travel-related platform(s) 'Travel Union' involving in services pertaining to booking, reservation, sale, sponsoring, organizing, managing, and facilitating tours, travel, ticketing, visa, accommodation, carriages, travel insurance and forex, including in relation to meetings, incentives, conferences, events, etc. ("Business"). As a part of the transaction, Sonu Sood shall be acting as a brand ambassador of the Company and shall endorse the Company's business.

DSK Legal assisted Sonu Sood and SIL in, inter-alia drafting, reviewing, and finalizing of

(a) Share subscription agreement amongst Sonu Sood, SIL, Company, DTL and SIL;

(b) Shareholder's agreement amongst Sonu Sood, SIL, Company, DTL and SIL; and

(c) Promotion plan to record the understanding of Sonu Sood and SIL in relation to the promotion and endorsement of the Company's business.

The DSK Legal team representing Sonu Sood and SIL comprised Jitendra Soni (Principal Associate) and Chirag Jain (Principal Associate).

Rishi Anand (Partner) acted as the engagement partner and provided strategic inputs on the transaction.

DTL and SML were represented by S&R Associates.

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