RAPID ID: 270

LOAN AGREEMENT
MICRO BUSINESS LOAN
SECURED BY CEDIT GUARANTEE/UNSECURED

Customer Name: Ram Patil

Finance Amount: 9,00,000

AU SAMLL FINANCE BANK LIMITED

 LOAN AGREEMENT

THIS LOAN AGREEMENT ("Agreement") is made on the The interest rate payable by the Borrower will be
day and place as mentioned in the Schedule by and subject to the changes in the interest rate made by
between the persons specified Schedule 1 as Borrower & Reserve Bank of India. The Borrower shall pay the
Co- Borrower collectively referred to as the "Borrower" The interest rate on the last day of every month (date)
expression 'Borrower', unless it be repugnant to the context until the Loan is repaid. If the interest remains due
or meaning thereof, shall mean and include: (i) in the event on the date, then the interest shall compound
that the Borrower is a Company within the meaning of the monthly. The interest shall be calculated on the
Companies Act, 2013 or a Limited Liability Partnership, basis of 365 day year and the actual days elapsed.
incorporated under the Limited Liability Partnership Act, MCLR shall mean the "marginal cost of funds based
2008, its successors; (ii) in the event that the Borrower is a lending rate" of the Bank as determined (and
partnership firm for the purposes of the Indian Partnership revised) in accordance with the guidelines issued by
Act, 1932, the partners for the time being and from time to RBI in this regard and corresponding internal
time and their respective legal heirs, executors and policies of the Bank, as reset from time to time and
administrators, legal representatives and successors; (iii) in notified by the Bank as its marginal cost of fund
the event that the Borrower is a sole proprietorship, the sole based lending rate. The Bank shall be entitled to
proprietor and his/ her legal heirs, administrators, executors reset the Margin as specified in the Sanction Letter
and legal representatives; (iv) in the event that the Borrower on the interest reset date and MCLR/ External
is an individual, his/ her legal heirs, administrators and Bench Mark Rate (EBR) at such frequency as the
executors; (v) in the event that the Borrower is a joint Hindu Bank deems fit. Bank shall also have right to reset
Undivided Family, the Karta and any or each of the adult the Margin consequent to any change in MCLR/EBR
members of the HUF and their survivor(s) and his/her/their and will also have the right to reset the MCLR/EBR if
respective heirs, executors, administrators; (vi) in the event RBI revises the standard provisioning requirement
that the Borrower is a society, the members of the of banking asset or RBI enhancing the risk
governing body of the Society and any new members weightage norms for banking asset or RBI changing
elected, appointed or co-opted thereon; (vii) in the event that the norms for classification of banking assets or
the Borrower is a Trust, the Trustee or Trustees for the time downward revision in the credit rating of the
being thereof and their respective legal heirs, executors, Borrower or the security provider or occurrence of
administrators and successors; of the First Part AND Event of Default or potential event of default or
Bank's internal review or RBI changing the policy of
AU SMALL FINANCE BANK LIMITED, a small finance bank
computation of MCLR/ EBR. Upon reset of MCLR/
having its registered office at 19- a, Dhuleshwar Garden,
EBR/ Margin, the Bank shall notify the Borrower of
Ajmer Road, Jaipur - 302001, Rajasthan, hereinafter called
the revised interest rate and the Borrower shall pay
as the "Bank/ Lender" (which expression shall unless it be
the revised interest rate from the reset date on the
repugnant to the context or meaning thereof shall mean and
Loan amount.
include its successors and assigns) of the Second Part. The
Borrower and the Bank are hereinafter referred to as the 1A.The Borrower accepts, acknowledges and
"Parties" and individually as a "Party". confirms that the Bank shall be entitled to deduct
upfront from the Loan amount (in the event not paid
WHEREAS
by the Borrower before disbursement), the charges
At the request of the Borrower, the Bank has agreed as specifically mentioned in the Sanction Letter/
to grant a loan of the amount ("Loan Amount/ KFS (KFS as annexed hereunder) and/ or any other
Facility Amount") specified in schedule 1 to the document related to the Loan at the time of
Borrower on the terms and conditions as mentioned disbursement of the Loan amount. The Bank shall
in the Bank's sanction letter/ offer letter (also as disburse the balance Loan amount to the Borrower
mentioned in schedule 1) duly accepted by the or any third party on behalf of the Borrower, as the
Borrower (hereinafter referred to as "Sanction case may be, and the Borrower shall be liable to
Letter" (including mutually accepted amendments in repay the Loan amount along with the interest as
writing) and as mentioned herein. agreed and on such dates/ intervals as and when
A. The Borrower agrees to borrow from the Bank and the same becomes due.
the Bank agrees to lend to the Borrower a loan as 2. Borrower shall ensure that adequate credit balances
mentioned in the Schedule I ("Loan/ Facility") and in are maintained in their account with the Bank at all
consideration of the Bank having agreed to grant the times to ensure payments of dues pursuant to the
Loan/ Facility, the Borrower irrevocably agrees and Loan/ Facility by each due date, as may be
undertakes and confirms to the Bank as follows; applicable.
1. The Borrower agrees to pay interest, APR(as 3. The interest rate as above shall be reset every
mentioned in KFS annexed below), commitment fee, quarter/half year/ annually or at such frequency as
penal charges and interest on overdue EMI/ the Bank deems fit.
installment/amount/interest payable on the Loan as
4. The interest rate is subject to variation in
follows: The interest rate applicable will be as
consonance with RBI directions, statutory and
specified in the Sanction Letter plus interest tax, as
regulatory requirements, conditions of money
may be applicable rate prevailing from time to time,
market, availability of loanable funds etc.
payable with monthly rests, or such other rate as
may be stipulated by the Bank and advised to the 5. The Borrower shall also pay to the Bank a
Borrower. commitment fee as specified in Sanction Letter. The
Loan/Facility (or any part thereof) may be disbursed
by the Lender/ Bank upon receiving a drawdown
request from the Borrower.
 The entire Loan/ Facility should be availed of within Borrower to keep sufficient balance in its bank
the number of months, from the date of loan account to avoid any charges. On delay in the
sanction, as specified in the Sanction Letter repayment of EMI/ installment/ amount and/ or
("Availability Period"). The Borrower's right to make interest and/or any other repayment by the Borrower
drawls shall expire at the end of the Availability beyond such repayment due date, the Lender shall
Period ("Drawdown End Date"). However, the Loan/ be entitled to charge, in addition to penal charges, an
Facility sanctioned may be kept open at the sole interest equivalent to the interest rate of the Loan/
discretion of the Lender/ Bank for an additional Facility on the entire amount outstanding whether
period of such number of days beyond the on account of EMI/ installment/ amount and/ or
Availability Period as the Bank/Lender may deem fit. interest and/or any other repayment by the Borrower
If the Loan/ Facility is not drawn completely by the till the time such default in the repayment continues.
Borrower within the Availability Period, then the Bank 8. The Borrower commits to secure the Loan Amount/
shall be entitled to impose penalty, if any, as Facility Amount together with all costs, charges,
mentioned in the Sanction Letter. The mode and interest, liquidated damages and expenses and all
manner of disbursement is left to the sole discretion other moneys whatsoever due and
of the Lender/ Bank. All disbursements in favor of
the Borrower or to any third party on behalf of the 9. payable by the Borrower to the Bank ("The Said
Borrower shall be deemed to be made in favor of the Dues"), by creating the securities over its assets
Borrower under this Agreement which the Borrower ("Security") in favor of the Bank in the form and by
acknowledges being binding on them. executing such documents, as specified in Sanction
Letter.,
6. The Borrower agrees to pay to the Bank the amount
of any increased cost incurred by the Bank or any of 10. The principal along with interest of the Loan/ Facility
its affiliates as a result of shall, be repaid in the manner specified in Sanction
Letter. Provided that the Bank will be entitled to
i. The introduction of, or any change in, or any demand immediate repayment of the Loan Amount/
change in the interpretation, administration Facility Amount if any installment of interest/ Loan/
or application of, any law or regulation; or Facility installments remains unpaid on the due date
ii. Compliance with any law or regulation made for payment thereof.
effective after the date of the Sanction Letter. 11. The Borrower hereby warrants, assures, represents
Provided that the Borrower shall not be liable and confirms that
for payment of increased cost if:
(a) the Borrower, if it is a company, is duly
i. The increased cost is compensated incorporated and validly existing under the
for under another clause in this law of their jurisdiction of incorporation
Agreement or would have been but affecting its business and operations.
for an exception to that clause.
(b) all the information provided by the Borrower
ii. Increased cost is attributable to the to the Bank is true and accurate in all
Bank or its affiliates willfully failing to respects, are not misleading and does not
comply with any law or regulation. omit any material fact, the omission of which
"Increased Cost" in this agreement shall mean (a) an would make any fact or statement therein
additional or increased cost (b) a reduction in the misleading
rate of return from the Loan or on the Bank's (or it's (c) all the licenses, permits and authorizations
affiliate's) overall capital (including, without required for carrying on its business or
limitation, as a result of any reduction in the rate of industry have been obtained and are in full
return on the capital brought about by more capital force and effect
being required to be allocated by the Bank or one of
its affiliates or (c) a reduction of amount due and (d) the Borrower is in compliance in all respects
payable under this Agreement. with all applicable laws, including
environmental laws, and regulations
7. All amounts in default for payment (i.e. not paid by affecting its assets, its business and
the Borrower when due to the Lender) including operations and has good title to or valid
arrears of EMI, installment, interest before the leases or licenses of, or is otherwise entitled
commencement of EMI, costs, charges and to use its assets
expenses debited to the loan account and/or breach
of the terms and conditions of the Agreement by the (e) the Borrower has the power to avail of the
Borrower shall attract penal charges at the rate Loan/ Facility from the Bank and the total
specified in Schedule II hereunder. Such penal borrowings including the Loan/ Facility are
charges shall be paid by the Borrower from the date within the prescribed limits, if any
of occurrence of such payment default and/ or (f) the Borrower has the power and authority to
breach of the terms and conditions, as the case may execute, deliver and perform the terms and
be, until the entire default amount is paid and/or the provisions of this Agreement and has taken
breach is cured. The Borrower shall amortize the all the necessary action required to authorize
Loan/ Facility, if not demanded earlier by Bank as the execution, deliver and performance of
stipulated in and in accordance with and subject to this Agreement and upon execution, this
the terms & condition of the repayment schedule Agreement will constitute legal, valid and
hereto. Repayment Instruments, as specified in binding obligations of the Borrower
Schedule I, for EMI will be presented (as per enforceable in accordance with their
registered repayment mode) on EMI presentation respective terms
date as specified in the Schedule I.
(g) the entry into, delivery and performance by of the Borrower or taking of any action to
the Borrower of, and the transactions seize, attach, take possession of or appoint
contemplated by this Agreement do not and a custodian receiver, liquidator or manager in
will not conflict with any applicable law, with respect of the Borrower or any asset of the
the constitutional documents, if any, of the Borrower
Borrower; or with any agreement or (q) the Borrower has not committed any breach
instrument which is binding upon the under any agreement entered into with any
Borrower or on any of its assets person for availing any finance facility.
(h) no default is subsisting or might result from (r) Borrower to ensure that all interest/ fees/
the execution of, or the availing of the Loan/ charges debited to the Borrower's account is
Facility under this Agreement by the cleared on their respective due date.
Borrower
(s) The Borrower shall not be entitled to directly
(i) the most recent audited accounts of the or indirectly assign/ securitize or in any
Borrower have been duly audited and manner transfer, whether in whole or part,
prepared in accordance with applicable any rights, the benefit or obligations under
accounting principles and practices and this Agreement.
represent a true and fair view of its financial
condition and there has been no material (t) Appointment of Third Parties/ Recovery
adverse effect since the date on which those Agents: The Bank may, in its sole discretion,
accounts were drawn up exercise or discharge any of its rights,
functions, powers or duties under the
(j) all taxes and compliance reports have been Agreement either by itself (through its
filed in time and no claims are pending officers or employees) or through its
thereof appointed third parties (including recovery
(k) the Loan/ Facility is not being availed for any agents).The Borrower confirms and
activities relating to producing or consuming expressly consents to the Bank that upon
Ozone Depleting Substances, in terms of occurrence of an Event of Default, the Bank
montreal protocol to which Government of either by itself (through its officers or
India is a party employees) or through its appointed third
(l) none of the Borrower and its promotors, parties (including recovery agents), use the
directors and partners, affiliates, contact details provided by the Borrower and
subsidiaries or associate companies or Guarantor to the Bank to get in touch with
group companies are in default or been the Borrower/ Guarantor including their
included in any list of defaulters (including authorised signatory(ies)/ representative(s)
willful defaulters) of RBI or have committed and family members and disclose them
breach of any agreement with any person relevant details pertaining to the Loan.
who has provided loan or deposits or 12. Where the Borrower is an individual, he/she is not a
advances or guarantees or other financial director or specified near relation of a director of a
facilities to the Borrower or any regulatory or banking company; where the Borrower is a
statutory authority partnership firm/ HUF none of the partners or
(m) there are no legal or other adverse members of the HUF is a director or specified near
proceedings of any nature pending against relation of a director of a banking company; where
the Borrower or its promoter, directors, the Borrower is a joint stock company none of its
partners in management of the Borrower or directors, is a director or specified near relation of a
any of its assets which have a Material director of a banking company.
Adverse Effect 13. Where the Borrower is an individual, that he/ she is
(n) there are no encumbrances over the not a specified near relation to any senior officer of
Security, save and except as permitted by the Bank; where the Borrower is a partnership firm/
the Bank and the Borrower shall not HUF, none of the partners or members of the HUF, is
hereafter encumber such Security without a specified near relation of any senior officer of the
the permission of the Bank and that the Bank; where the Borrower is a joint stock company,
Borrower has a clear and marketable title/ none of its directors, is a specified near relation of
clear and transferable interest over such any senior officer of the Bank.
Security and further assure the Bank that the 14. None of its subsidiaries or associate companies or
same is free from any prior charge, lien or group companies have been identified or classified
encumbrance as a defaulter.
(o) the purpose and the business of the 15. The Borrower will execute necessary promissory
Borrower is legally and regulatory valid note and such further documents, forms and papers
(p) no notice has been served with respect to as the Bank may in its discretion from time to time
winding up, receivership ,custodian for the require. Each of the above representations will
Borrower or any of its assets or that the remain correct and complied with so long as the
Borrower be placed in bankruptcy; the Loan/ Facility and/ or any sum i.e The Said Dues
passing of a resolution for the winding up of thereunder remain outstanding.
the Borrower or any proposal or
apprehension for passing such resolution; a
scheme of arrangement, amalgamation or
reconstruction or composition with creditors
16. Borrower shall at all times during the currency of the financial statements including balance-sheet
Loan/ Facility, at its own cost, keep the Security fully and profit and loss account (in detail and not
insured against such risks and for such amounts in the abridged form) within 180 (one
and for such period and forms as the Bank may hundred eighty) days after the close of each
require, in the joint names of the Bank and the financial year;
Borrower or with the usual Bank security clause, iii. not to enter into any scheme of merger,
with any insurance company and shall deposit the amalgamation, compromise or
insurance policies and all cover notes premia reconstruction without the prior written
receipts etc., with the Bank against the Loan/ consent of the Bank;
Facility so given to him/her/it by the Bank.
iv. not to permit any change in the ownership or
The Borrower agrees that in addition to the control of the Borrower whereby the
aforesaid insurance it shall arrange for insurance effective beneficial ownership or control of
cover in respect of standing charges and loss or the Borrower shall change, without the prior
profit in business in the event of any stoppage of written consent of the Bank;
production for any reason whatsoever. The Borrower
shall make punctual payment of all premia and shall v. not to effect any material change in the
not do or suffer to be done any act which may management of the business of the
invalidate such insurances and will on receipt of any Borrower, without any prior written consent
moneys under the said policies, pay the same to the of the Bank;
Bank which shall, at the option of the Bank, be vi. not to make any amendments in the
applied either in reinstating or replacing the Security Borrower's Memorandum of Association and
or in repayment of The Said Dues. If the Borrower Articles of Association without the prior
shall fail to insure or keep insured all/ any of the written consent of the Bank;
Security as aforesaid, then the Bank shall without
vii. not to create, assume or incur any further
prejudice to or affecting its rights hereunder, be at
indebtedness of a long term nature whether
liberty (but not bound) to insure and keep the same
for borrowed money or otherwise, except
insured and the Borrower shall on demand repay to
with the prior written consent of the Bank;
the Bank all amounts spent or incurred by the Bank
in doing so, along with interest as applicable against viii. not to declare any dividend if any installment
the Loan/ Facility as aforesaid. towards principal or interest remains unpaid
on its due date.
17. The Borrower shall allow the representatives and/or
nominees of the Bank to visit and inspect from time ix. not to induct a person who is a director on
to time the project for which the Loan/ Facility is the Board of a company which has been
sought or the Borrower's premises, factories and identified as a willful defaulter and that in
other property, if any, and assets books of accounts case, such a person is found to be on the
and all other relevant accounts, documents and Board of the Borrower, Borrower would take
records. The costs and expenses of such visits and/ expeditious and effective steps for removal
or inspections shall be paid and borne by the of the person from the board of directors.
Borrower. x. the proceeds of the Loan/ Facility are not to
18. If at any time the value of the Security deteriorate in be utilized by the borrower for investments
order to create a deficiency in the margin in shares, debentures, advances and inter-
requirement specified by the Bank from time to time, corporate loans/ deposits to other
if any, the Borrower shall within seven days of notice companies (including subsidiary and other
from the Bank, deposit with the Bank additional group companies).
security in the form of cash or such other securities xi. the Borrower expressly recognizes and
which may be acceptable to the Bank, failing which accepts that the Bank upon granting the
the Bank may at its discretion sell or otherwise Loan/ Facility, shall be absolutely entitled to,
dispose off any or all of the said Security without and shall have full power and authority to
being liable for any loss or damage or diminution in sell, assign or otherwise transfer in any
value sustained thereby. manner whatsoever, in whole or in part, and
19. The Borrower hereby agrees, undertakes and in such manner and on such terms as the
confirms that it shall deliver to the Bank Repayment Bank may decide (including if deemed
Instruments, more particularly described in Sanction appropriate by the Bank reserving a right to
Letter/ Schedule I, towards the payment of the the Bank to retain its power to proceed
outstanding obligations along with the interest with against the borrower on behalf of the
the Bank named as the payee therein. purchaser, assignee or transferee) any or all
out standings and dues of the borrower, to
20. The Borrower further covenants as under:
any third party of the Bank's choice without
i. to furnish to the Bank all such information, any further reference or intimation or notice
statements, particulars, estimates and reports to the Borrower, and without seeking any
etc. as the Bank may require from time to time consent of the Borrower. Any such action
in order to comply with the terms of the Loan/ and any such sale, assignment or transfer
Facility. shall bind the Borrower to accept such third
ii. shall also submit to the Bank, in form and party as creditor exclusively or as a joint
detail satisfactory to the Bank, unaudited half creditor with the Bank or any other person,
yearly income statements of the Borrower as the case may be. Any costs in this behalf,
within 60 (sixty) days of the close of each whether on account of such sale,
semi-annual period and copies of audited assignment or transfer or enforcement of
rights and recovery of the Said Dues, shall be
to the account of the Borrower.
xii. The Borrower shall bear all costs of making Lender) bearing the signatures of the
good any deficit in stamp duty on the authorized signatories before the change or,
documents executed by the Borrower in in the alternative, Borrower shall issue fresh
relation to the Loan/ Facility and/ or security Repayment Instruments to the Lender or
created by the Borrower in favour of Bank. submit fresh Repayment Instruments duly
xiii. Borrower shall allow the Bank to audit and signed by new authorized signatory as the
inspect its books and records and the case may be. While all necessary steps
premises mortgaged, if any, and goods would be taken by the Lender to ensure safe
hypothecated to the Bank. holding of the Repayment Instruments and
having the same picked up , processed and
xiv. The Borrower declares that : I/ we hereby cleared through agents, courier agencies,
confirm that I/ we have handed over the correspondent bank(s), the same will be
Repayment Instruments towards the entirely at the my/ our risk and cost. ln the
repayment of EMI/as a security for the Loan/ event any Repayment Instruments issued as
Facility availed from the Lender or towards above by me/ us is lost in transit or
payment of insurance premium as specified misplaced or for any reason, I / we agree to
above and that all Repayment Instruments s give replacement of the Repayment
were drawn in favor of "AU Small Finance Instrument to the Lender immediately upon
Bank Limited". receipt of a written request from the Lender
I/ we hereby unconditionally and irrevocably in this regard. If I/we cancel the Repayment
authorize and confirm the authority of the Instruments given to the Lender or close the
Lender as per the provisions of Negotiable relevant bank account(s) or change the
authorized signatory for the relevant bank
Instruments Act ("the act") to fill in the date
account(s) or attempts to cancel the
and the amount on the said Repayment
Repayment Instrument without the prior
Instruments and to complete the Repayment
written consent of the Lender, such acts
Instruments in all respect and to present the
shall be deemed to have been committed
same for the payment. I/we shall ensure that
with a criminal intent to cause wrongful loss
the said Repayment Instruments are
to the Lender and would further be
honoured on presentation for payment. I/we
construed as an Event of Default and the
agree and acknowledge that I/ we have
Lender shall be entitled to initiate
issued the Repayment Instruments
appropriate legal proceedings including
voluntarily in discharge of legal debt owed to
criminal proceedings against me/us and the
the Lender by the Borrower. I / we agree,
Borrower, without prejudice to the Lender's
acknowledge and confirm that the
other rights and remedies under applicable
Repayment Instruments are also intended to
Law(s).
be utilized as Security by Lender against the
said Loan/ Facility and to apply the same for 21. The Borrower expressly recognizes and accepts that
recovery of the Said Dues from the Borrower the Bank shall, without prejudice to its right to
along with penal charges and interest on perform such activities itself or through its officer or
overdue EMI/installment/amount/interest, if servants, be absolutely entitled and have full power
any, in case of any default by the Borrower or and authority to appoint one or more third parties of
breach of any term of the Facility.. I/ we the Bank choice and to transfer and delegate to
hereby confirms that I am/ we are aware of such third parties the right and authority to collect
the fact that any dishonor of any Repayment on behalf of the Bank all amounts hereunder and to
Instrument so issued by me/ us and perform and execute all acts, deeds, matters and
presented by the Lender for payment,, would things connected therewith or incidental thereto
constitute an offence under provisions of including sending notices of demand, attending the
The Negotiable Instrument Act, 1881 and the residence or office of the Borrower or otherwise
Lender may take such action against me/us contacting the Borrower, receiving the installments
as may be advised. Prior to the Repayment vide Repayment Instruments in the name of the
Instruments issued by me being exhausted, Bank entering into a compromise with the Borrower,
I/ we shall issue fresh Repayment giving a valid receipt and granting effectual
Instruments to the Lender, and such discharge to the Borrower and generally performing
instruments would be governed by the all lawful acts as the third parties may consider
provisions of this Agreement. The Borrower appropriate for the purpose. For the purpose
shall not to take any steps, which in any way, aforesaid or for any other purpose at the discretion
affect or are likely to affect the payment of the Bank, the Bank shall be entitled to disclose to
thereunder to the Lender including, without such third parties all necessary or relevant
limitation, any stop payment instructions. In information pertaining to the Borrowers and the
the event that there is any change in the Loan, and the Borrowers hereby consent to such
authorized signatories for its relevant bank disclosure by the Bank. Notwithstanding the above,
account(s), Borrower shall either give the Borrowers expressly accept and authorize the
unconditional and irrevocable instructions to Bank (to disclose such to third party information
the bank on whom the Repayment pertaining to the Borrowers and the Loan and the
Instruments have been drawn to clear and Borrowers hereby consents to such disclosure by
honour all such Repayment Instruments the Bank.
(details of which shall be provided to the
22. The Borrower shall furnish upon demand any other In the event of any such cancellation/ reduction/
security in such form and value as may be required revocation/modification and/or recall, all the provisions of
by the Bank from time to time in amounts and this Agreement and all other related documents shall
values sufficient at all time in the opinion of Bank to continue to be effective and valid and the Borrower shall
secure the payment of the Loan/ Facility provided repay the outstanding dues under this Agreement duly
here and any other obligations of the Borrower and punctually as provided herein.
towards the Bank. 30. The occurrence of any one or more of the following
23. The Borrower confirms that the Borrower shall events shall constitute an Event of Default. On the
utilise the said Loan/ Facility only for the purposes question whether any of the above events/circumstances
of its business as set forth in its application for has occurred/happened, the decision of the Bank shall be
Loan/Facility. final, conclusive and binding on the Borrower:
24. In the event the Borrower fails to pay when due any (i) The Borrower defaults in payment of principal or
sum which it may owe to the Bank and the Bank interest of any obligation of the Borrower to the
shall commence legal proceedings to recover such Bank when it is due and payable.
sum, the Borrower will further pay the Bank all cost (ii) The Security tendered to the Bank or the charges
and expenses, including legal fees, incurred or paid created thereon in Bank's favor shall become
by the Bank in exercising any right, power or remedy wholly or partially invalid or unenforceable.
conferred by this Agreement.
(iii) The Borrower shall for any reason cease or be
25. The Borrower agrees that any accretion to the said unable to carry on business or appointment of a
Security (if any) and other benefits from time to time receiver for Borrower's assets.
accruing in respect of the said Security or any part
thereof shall also be hypothecated/pledged with the (iv) Any representation, warranty or statement made
Bank by the Borrower. by the Borrower proves to have been incorrect or
misleading in any respect when made or deemed
26. The Borrower shall not without the prior written to be made and if the Borrower commits any
consent of the Bank transfer or create/ allow to be breach or default in performance or observance
created in any manner any charge, lien, of these presents or failure to keep or perform
hypothecation,, pledge or other encumbrance any of the terms or provisions of any other
whatsoever on any of the Security charged to the agreement between the Bank and Borrower in
Bank to secure the Loan/Facility. respect of this Loan/ Facility.
27. The rights, remedies and powers given to the Bank (v) The Borrower does not upon demand furnish
by this Agreement shall be in addition to all rights acceptable additional or alternate security or
powers and remedies given to the Bank by virtue of Borrower fails to create security in favour of
any other security, statute, or rule of law. The Bank Bank.
may exercise a banker's lien or right of set- off with
or without notice with respect to any obligation of (vi) If Borrower dies.
the Borrower to the Bank in the same manner as if (vii) If Borrower ceases or threatens to cease its
the obligation were unsecured and shall have a lien business.
on all monies, property, if any, or securities of the
(viii) There exist circumstances which in the opinion of
Borrower in the Bank's possession or custody
the Bank prejudicially affects or may affect the
whether for safe- keeping or otherwise. In case of
Borrower' ability to pay/ repay the principal and
any deficit, the deficit amount can be recovered
interest thereon or pay the Said Dues or any
from the Borrower. In this regard, the Borrower shall
amount due to the Bank and/ or the Borrower
execute Annexure I and/ or any other document as
commits any default in the payment of principal
the Lender may deem necessary.
amount or interest of any obligation of the
28. The Borrower confirms that the Lender shall at any Borrower to the Bank when due and payable.
time, without any consent of or notice to the
(ix) There is change in ownership, management and
Borrower be entitled to securitise, sell, assign,
control of the Borrower without prior written
novate discount or transfer all or any part of the
consent of the Bank.
Lender’s right and obligations under this Agreement
or other loan documents, to any person and in such (x) If there is deterioration or impairment of the
manner and on such terms as the Lender may securities or any decline/ depreciation in the
decide. And any such sale, assignment, novation, market value (actual or reasonably anticipated),
securitization or transfer shall conclusively bind the which may cause securities in the opinion of the
Borrower. Bank to become unsatisfactory as to character or
value.
29. The Borrower confirms that the Lender may,
absolutely and unconditionally, reduce, revoke, (xi) If the Borrower, suspends making payment on
cancel and/ or modify any undrawn/ unavailed/ any of its debts or, by reason of actual or
unused portion of the Facility (in whole or part) at anticipated financial difficulties, commences
any time during the subsistence of this Agreement, negotiations with any one or more of its creditors
at its sole- discretion, without giving any prior notice (or any class of them) with a view to rescheduling
to the Borrower(s) or without assigning any reasons any of its indebtedness or makes a general
thereof. The Lender shall also be entitled to recall assignment for the benefit of or composition with
any disbursed amount of the Facility together with its creditors of admits or is ordered to pay any
interest, fees, costs, charges and expenses and all liability and such liability is not paid when due;
other amounts payable by the Borrower under this and if
Agreement.
 (a) The value of the assets of the assets of (ix) The Borrower is unable or has admitted
the Borrower is less than its liabilities; in writing its inability to pay any of its
(b) A moratorium is declared in respect of indebtedness as they mature or when
any indebtedness of the Borrower; due.

(c) A liquidation order has been passed (x) If the Borrower without prior written
against the Borrower in accordance with consent of the Bank attempts to create
the provisions of the Insolvency and any charge, pledge, hypothecation, lien
Bankruptcy Code, 2016; or any other encumbrance over the
Borrower's assets or any part of the
(d) A resolution plan in respect of the assets which is made as Security for the
Borrower is not submitted to the repayment of the Loan/ Facility.
adjudicating authority at the end of the
insolvency resolution process period (xi) If the Borrower being a partnership is
under the Insolvency and Bankruptcy under the process of dissolution or is
Code, 2016; dissolved.

(e) An application is filed by any financial (xii) If it is certified by an accountant

creditor or any operational creditor of the appointed by the Bank (which the Bank is
Borrower and/ or Obligor for the entitled and hereby authorized to do so
insolvency resolution process under the at any time) that that the liabilities of the
Insolvency and Bankruptcy Code, 2016. Borrower exceed the Borrower's assets
or that the Borrower is carrying on
31. Any corporate action, legal proceedings or other business at a loss or If the Borrower
procedure or step is taken in relation to: defaults in respect of any other
(i) the suspension of payments, a indebtedness to the Bank or any of the
moratorium of any indebtedness, Affiliates/ group companies of Borrower
insolvency resolution, liquidation, defaults in respect of their indebtedness
dissolution, administration, provisional to the Bank.
supervision or reorganization (by way of Upon the happening of any of the above event, at
voluntary arrangement, scheme of the option of the Bank, and without necessity of
arrangement or otherwise) of the any demand upon or notice to the Borrower, all of
Borrower; which are hereby expressly waived by the
(ii) a composition, compromise or Borrower and notwithstanding anything
arrangement with any creditor of the contained herein or in any security documents
Borrower or an assignment for the executed by/ to be executed by the Borrower in
benefit of creditors generally of the the Bank's favour, the Said Dues and all of the
Borrower (or a class of such creditors); obligations of the Borrower to the Bank,
hereunder shall immediately become due and
(iii) the appointment of a liquidator, receiver,
payable irrespective of any agreed maturity, and
administrator, administrative receiver,
the Bank shall be entitled to enforce its security.
compulsory manager, provisional
supervisor, insolvency professional or On the question of whether any of the above
other similar officer in respect of the events/ circumstances has occurred/ happened,
Borrower or any of their assets; and the decision of the Bank shall be final, conclusive
and binding upon the Borrower. The Borrower
(iv) enforcement of any security interest over
shall give to the Bank a notice, if any event of
any assets of the Borrower.
default or any event which after the notice or
(v) Any other event which prejudicially alters lapse of time or both would constitute an Event
the Bank's interest or may have Material of Default shall have happened, in writing
Adverse Effect. "Material Adverse Effect" specifying such an Event of Default or event has
shall mean an adverse effect in the happened. If any statutory notice of winding up or
condition, financial or otherwise, insolvency under any law or any suit or legal
prospect or operations of the Borrower process intended to be filed against the Borrower
or any subsidiaries or affiliates, present is served upon the Borrower, then the Borrower
or future or which ay in the sole opinion shall promptly notify the Bank.
of the Bank adversely affect the
32. If the Borrower makes default in payment of the
repayment of the Loan/ Facility.
Said Dues or any part thereof, the Bank would be
(vi) The Loan/ Facility is utilized for any at liberty (but not bound to do so) to appoint its
other purpose other than the purpose nominee as receiver without having resort to a
enumerated in this Agreement or the Court of Law and/or to a proceeding in Court, to
Sanction Letter. take possession of the Security of the Borrower
(vii) If one or more judgments or decrees held/ to be held by the Bank as security for the
have been rendered or entered against Loan/ Facility hereunder or under any other
the Borrower and such judgments or security document(s) executed to be executed by
decrees are not vacated, discharges or the Borrower in favour of the Bank.
stayed for a period of 30 days. And such
judgments or decrees involve in the
aggregate, a liability which could have a
Material Adverse Effect
(viii) Failure of Borrower to get itself rated by
a credit rating agency/ies
33. The Borrower expressly agrees and accepts that Indebtedness .The Borrower agrees and
in the event of any default being committed by undertakes that (a) the Credit Information Bureau
the Borrower under any other agreement with the (India) Ltd., and any other agency so authorized
Bank, under which the Borrower is enjoying may use, process the said information and data
financial/ credit facility, such event, including the disclosed by the Bank in the manner as deemed
defaults as mentioned hereinbelow from (a) to fit by them; and the 'Credit Information Bureau
(d), shall be considered as an Event of Default (India) Ltd., and any other agency so authorized
occurred under this Agreement and the Bank, may furnish for consideration, the processed
shall be absolutely entitled to exercise all or any information and data or products thereof
of its rights under this Agreement or under obtained by them, to banks/ financial institutions
applicable law including SARFAESI Act 2002 or and other credit grantors or registered users, as
any corresponding law including right to set off in may be specified by the RBI in this behalf.
respect of any amount standing to the credit of 35. The Borrower shall upon demand pay to or
the Borrower in any/ all of the loan/ facility(ies) reimburse the Bank in full a) the legal costs of the
availed/to be availed from the Bank. preparation of this Agreement, documents
(a) Any financial indebtedness of the creating security and all documents relating
Borrower is not paid when due or within thereto (b) all costs, expenses and fees relating to
any originally applicable grace period. the periodic valuation, inspection, insurance and
(b) Any financial indebtedness of the protection/ preservation in any other manner of
Borrower is declared to be or otherwise the security tendered to the Bank and all costs
becomes due and payable prior to its (including legal fees) incurred by the Bank in
specified maturity as a result of an Event preserving perfecting or enforcing any of its
of Default, a default or other similar rights under or in respect of this Agreement, or
condition or event (however described). any present or future security and other
documents.
(c) Any commitment for any financial
indebtedness of the Borrower is 36. Any forbearance or failure or delay by the Bank in
cancelled or suspended by any of its exercising any right, power or remedy hereunder
creditors as a result of an Event of shall not be deemed to be waiver of such right,
Default, a default or other similar power or remedy, and any single or partial
condition or event (however described). exercise of any right, power or remedy hereunder
shall not preclude the further exercise thereof and
(d) Any creditor of the Borrower becomes every right and remedy of the Bank shall continue
entitled to declare any financial in full force and effect until such right, power or
indebtedness of the Borrower due and remedy is specifically waived by an instrument in
payable prior to its specified maturity as writing executed by the Bank.
a result of an Event of Default, a default
or other similar condition or event 37. The Borrower shall not assign or transfer all or
(however described). any of its rights, benefits or obligations under this
agreement without the approval of the Bank. The
34. The Borrower agrees that in addition to any other Bank may, at any time, assign or transfer all or
rights enjoyed by the Bank, in the event of the any of its rights, benefits and obligations under
Borrower committing any default, the Bank shall this Agreement without notice to the Borrower.
be entitled to disclose to the RBI or any other Notwithstanding any such assignment or transfer,
statutory or regulatory authority or to any other the Borrower shall, unless otherwise notified by
third person, the name/ identity of the Borrower the Bank, continue to make all payments under
and/or its directors and the default committed. In this
case of default in payment of any of the
Indebtedness to the Bank, the Bank or the RBI will Agreement to the Bank and all such payments
have an unqualified right to disclose or publish when made to the Bank shall constitute a full
the name of the Borrower and/or its directors as discharge to the Borrower from all its liabilities in
defaulters (including as willful defaulters) in such respect of such payments.
manner and through such medium as the Bank 38. The Borrower shall execute in favour of the Bank
and/ or the RBI in their absolute discretion may or any nominee of the Bank any further/
deem fit. The Borrower further agrees that the additional/ fresh deeds/ documents etc.
Bank may, as it deems appropriate and necessary whenever required by the bank to do so.
disclose and furnish to Credit Information Bureau 39. The Borrower also undertakes to give irrevocable
(India) Ltd., and any other agency authorized in Power of Attorney in favour of the Bank to
this behalf by RBI all or any of the following (a) authorise the Bank to sell or transfer the said
information and data relating to the Borrower (b) securities (if any) for the purpose of satisfying the
the information or data relating to the Loan repayment of the Loan/Facility.
availed of/to be availed, by the Borrower; and the
information and details of the default, if any,
committed by the Borrower, in discharge of the
40. The Borrower shall, without protest or demur, the Bank, shall be final and binding on the
irrevocably and unconditionally pay, indemnify, Borrower. Such entries and / or statement shall
defend and hold harmless, the Bank against any be prima- facie and conclusive evidence of the
and all, losses, liabilities, obligations, damages, existence and amount of obligations of the
litigations expenses, judgments, costs, taxes, Borrower as therein recorded in respect of the
penalties, charges, expenses (including, without Loan/ Facility. The Borrower agrees to accept the
limitation, advisors' fees), claims, fines, penalties, statement of account sent by the Bank or by any
proceedings, actions or demands, whatsoever other authorized representative of the Bank as
which may be brought or made against or conclusive proof of the correctness of any sum
sustained or incurred by the Bank (whether claimed to be due from him.
directly or indirectly and whether paid by Bank or 44. The Borrower hereby agrees that in case the
not) or which the Bank may become liable under Borrower commits default in payment /
or in respect of this Agreement and any action or repayment of the Said Dues to the Bank or in
proceedings made or brought against the Bank, repayment of interest thereon on due date, the
its correspondents or confirming banks or agents; Bank and/or RBI, will have an unqualified right to
without deducting any tax in India whether or not disclose or publish our name or the name of the
such payment attract withholding tax in India or Borrower and its directors/ partners/ proprietors
requires due certification by a qualified as defaulter (including willful defaulters) in such
accountant. manner and through such medium as the bank
41. The Bank shall be entitled to include any amount and/or RBI in their absolute discretion may think
payable under this clause in the dues payable by fit. The Borrower agrees and undertakes that it
the borrower for availing the Loan/ Facility. shall not induct a person in the capacity of
42. All notices or other communications under or in director or promoter who is a director/ partner/
connection with the Loan/ Facility shall be given member/ trustee of the company/firm/associate
in writing and, unless otherwise stated may be of persons/trust as the case may be, identified as
made by letter or facsimile. Any such notice or willful defaulter. In the event such a person is
other communication will be deemed to be found to be a director/ partner/ member/ trustee
effective: of a company/firm/associate of persons/trust, as
the case may be, identified as willful defaulter, the
(i) if sent by letter, when delivered personally Borrower shall take expeditious and effective
or if dispatched by post, when recall of steps for removal of such person.
the letter is outside the control of the
sender; and 45. The Borrower shall execute in favour of the Bank
or any nominee of the Bank any further/
(ii) if sent by facsimile, on receipt of a additional/ fresh deeds/ documents etc.
confirmation from the correct facsimile whenever required by the bank to do so.
number. Provided, however, that no
notice or communication to the Bank 46. This Agreement shall be read in conjunction with
shall be effective unless actually received the Sanction Letter. In case of any inconsistency,
by the Bank. Notices or communication the decision of the Bank in this regard shall be
may be made to: final and binding on the Borrower.

a. the Borrower's address or 47. In case of any breach in terms of any Event of
facsimile number; and Defaults as stated hereinabove, the Bank shall
have the rights to sell, dispose off or realise the
b. the Bank's address or facsimile securities on such terms and conditions including
number of its zonal / regional price that the Bank in its sole opinion thinks fit
office specified in the Sanction and apply the proceeds thereof towards
Letter, or to such other address or satisfaction of the Loan/ Facility including
facsimile number as may be charges and expenses, if any. Any violation of
designated by the Borrower and covenant of Borrower under this Agreement shall
the Bank in writing to each other. also constitute Event of Default .
The Borrower acknowledges and
confirms that notice, if any, 48. Notwithstanding anything contained above, the
provided by the Bank, as specified Bank may without notice to the Borrower in its
in this paragraph or in any other sole discretion, share the credit risk of the whole
manner whatsoever, of any or a part of the Loan/ Facility with any other
changes in rate(s) mentioned person by way of participation. Notwithstanding
above or any notice from the Bank such participation, all rights, title, interests,
for payment of amounts at the special status and other benefits and privileges
changed rate(s), enjoyed or conferred upon or held by the Bank
under this Agreement shall remain valid, effective
shall be treated by the Borrower and enforceable by the Bank on the same terms
as sufficient and reasonable and conditions and the Borrower shall continue to
notice to the Borrower and the discharge in full all its obligations under this
Bank is not bound to issue any Agreement to the Bank. The Borrower shall not
further notice of such changes to have and shall not claim any privity of contract
the Borrower. with such person on account of any reason
43. The entries made in the accounts / account whatsoever. Any such sale, assignment or
books / records of the Bank maintained in transfer shall conclusively bind the Borrower.
accordance with its usual practice and in
compliance with the statutory requirements and /
or a statement signed by a designated officer of
49. The Borrower undertakes and acknowledges that information/documents relating to the Borrowers
it is the responsibility of the Borrower to provide and the guarantors (pertaining to the Loan/
the Bank with the appropriate records/ Facility availed by the Borrower) to any third party
communication address to determine the relevant appointed by it. The Borrowers and the
location of the recipient of service. In case of any guarantors further authorize the Lender to
tax or related demand due to failure of the disclose said information / documents to RBI,
Borrower to provide the correct address, the income tax authorities, credit bureau, third
same will be borne by the Borrower. parties, credit rating agencies, databanks,
50. The Borrower unconditionally agrees, undertakes corporates, banks, financial institutions or any
and acknowledges that the Bank has an other government or regulatory authorities,
unconditional right to cancel the outstanding un- statutory authorities, quasi-judicial authorities.
drawn commitments under this Agreement at any 55. REGULATORY DECLARATION
time during the currency of the Loan/ Facility and Declarations (in case Borrower is a company): By
that the Bank shall endeavour to provide prior signing this Agreement, the Borrower hereby
intimation of the same to the Borrower. The declares that as at the date hereof, none of its
Borrower unconditionally agrees, undertakes and directors or guarantor (or any of its directors, if
acknowledges that the Bank shall have the right applicable) is a director/ senior officer of a
to unconditionally cancel its outstanding un- director/ senior officer of a banking company, or
drawn commitment in the event of deterioration in a specified near relation of a director/ senior
in the Borrower's creditworthiness. officer of the Lender. Except to the extent
51. The Borrower undertakes and acknowledges that disclosed to the Bank, all the Borrower's contracts
it is the responsibility of the Borrower to or agreements with, or any commitments to, any
communicate the GSTIN number of particular affiliates or group companies (if applicable) are
state for the purpose of billing. In case of on arm's length basis. Further, no director of the
unregistered Borrower, the address as given Bank is a director, manager, managing agent,
under Borrower's details would be considered for employee or guarantor of the Borrower/ its
the purpose of computation of GST. In case of subsidiary/holding company, or holds substantial
registered applicants, the address given under interest, in the Borrower/ its subsidiary/ holding
Borrower's Details shall be considered as the company and no directors of any other Bank,
registered place of business for the purpose of including directors of scheduled cooperative bank
computation of GST. Please note that for the and directors of subsidiaries/ trustees of mutual
purpose of this agreement, registered applicant fund/ venture capital funds holds substantial
would mean a person registered under the GST interest or is interested as director or as a
Act. For the purpose of this clause, the term 'GST' guarantor of the Borrower. The Borrower or any
shall include the Central Goods and Services Tax directors/ promoters/ associate concerns/ of any
('CGST'), the State Goods and Services Tax of the Borrower (including the guarantor) are not
('SGST'), Integrated Goods and Services Tax and, to the best of their knowledge:
('IGST'), Union Territory Goods and Services Tax a. on the Export Credit Guarantee
('UTGST') and any other taxes levied under the Corporation's (ECGC's) specified
GST related legislations in India as may be approval list; or
applicable. The term 'GST legislation/s' should be
accordingly interpreted. b. convicted under the provisions of
Conservation of Foreign Exchange
52. Any security(ies) furnished by the Borrower, under and Prevention of Smuggling
any other agreement entered into or to be entered Activities Act, 1974; or
into with the Lender, shall be deemed to be the
security(ies) under this Agreement and shall not c. on RBI's willful defaulters/ caution
be discharged till such time all the loan(s)/ list; or
Facility(ies) are fully discharged to the d. on the Lender's defaulter list; or
satisfaction of the Lender. The Borrower
e. or not qualified to act as director
expressly agrees and accepts that in the event of
in accordance with applicable
any default being committed by the Borrower
Law.
under any other agreement with the Lender, under
which the Borrower is enjoying financial/ credit In case where the above negative confirmations/
facility, such event, shall be considered as an declarations are not true, then the Borrower shall
Event of Default occurred under this Agreement provide a written declaration with details of such
and the Lender, shall be absolutely entitled to relationship to the Lender. If the details of such
exercise all or any of its rights under this declaration change during the term of the Facility,
Agreement including right to set off in respect of then the Borrower shall promptly provide a written
any amount standing to the credit of the Borrower declaration to the Lender of any such changes.
in any/ all of the Loan/ Facility(ies) availed/ to be 56. The Borrower hereby gives specific consent to the
availed from the Lender. Bank/ Lender for disclosing / submitting the
53. This Agreement and all documents executed 'financial information' as defined in Section 3 (13 )
under/ in relation to this Agreement shall be of the Insolvency and Bankruptcy Code, 2016
governed by and construed in accordance with ( 'Code' for brief ) read with the relevant
the laws of India. Regulations/ Rules
54. The Borrowers and the guarantors confirm that
the Lender may for the purposes of credit
reference checks, verification, assignment, etc.
disclose any
 framed under the Code, as amended and in force e. the procedure for giving
from time to time and as specified there under repossession to the Borrower and
from time to time, in respect of the Credit/ f. the procedure for sale / auction of
Financial facilities availed from the Bank/ Lender, the Security Unless otherwise
from time to time, to any 'Information Utility' ( 'IU' agreed by Bank any payment due
for brief ) as defined in Section 3 ( 21 ) of the and payable under the Agreement
Code, in accordance with the relevant regulations and made by the Borrower or
framed under the Code, and directions issued by received by Bank would be
Reserve Bank of India to the banks from time to appropriated towards such dues
time and hereby specifically agree to promptly in the order, namely:
authenticate the 'financial information submitted
by the Bank/ Lender, as and when requested by i. EMI or principal amount of the Loan
the concerned 'IU. ii. PEMI
57. All matters, questions, disputes, default, iii. Costs, Charges, Expenses, incidental
difference and or claims arising out of and/ or charges and other monies that may have
concerning and/ or in connection and/ or in been expended by Bank in connections
consequence of breaches, termination or with recovery;
invalidity thereof or relating to this Agreement,
iv. Penal charges, interest on over EMI/
whether or not obligations of either or both
installment/ amount/ interest and/ or
parties under this Agreement be subsisting at the
liquidated damages on defaulted
time of such dispute and whether or not this
amounts;
Agreement has been terminated or purported to
the terminated or completed shall be settled by v. Commitment Charge and Fees;
arbitration in accordance with the provision of vi. towards the interest on costs, fees &
Arbitration and Conciliation Act 1996 or any charges and other expenses; costs, fees
statutory amendment thereof and shall be & charges and other expenses; interest
referred to the sole arbitrator to be nominated by on arrears of the Loan/ Facility;
the Lender/ Bank. The award given by the sole repayment of the Loan/ Facility; the
arbitrator shall be final and binding on all parties balance, if any, towards the Said Dues
to all parties to the Agreement. The seat of owed by the Borrower under any other
arbitration shall be Jaipur, Rajasthan. In respect agreement entered into with the Lender
of the matters where it is determined in an or in such manner as the Lender may in
arbitration proceeding conducted in accordance its sole discretion consider necessary or
with the preceding paragraph that (i) the expedient.
arbitration proceeding provided in such paragraph
is unenforceable; or (ii) the subject matter thereof 59A. Grievance Redressal Mechanism:
is non-arbitrable under the Indian Arbitration and For redressal of any grievance arising out of this
Conciliation Act 1996, as amended, in such a Agreement, the Borrower may adopt the redressal
situation, courts in Jaipur, India will have mechanism laid down in the grievance redressal
exclusive jurisdiction in relation to such matters, policy of the Bank which is uploaded on the
each party irrevocably waives any right it may Bank’s website www.aubank.in and/ or may
have to object to an action being brought in any contact the nodal grievance redressal officer, as
of those courts, to claim that the action has been per the matrix and on the email/ phone number
brought in an inconvenient forum or to claim that provided in the KFS attached to this Agreement.
those courts do not have jurisdiction. 60. The date of execution of this Agreement shall be
58. Bank shall be entitled to contact the Borrower and the date as mentioned in Schedule 1. In case the
the guarantor for any promotional campaign/ date is kept blank under Schedule 1 of this
offers through any electronic media including Agreement and the document is digitally/
WhatsApp. Timely repayment of the Loan/ electronically signed, the date of execution of this
Facility is essence of this contract. Agreement shall be the date when the Agreement
59. The terms and conditions of this Agreement is was last signed digitally/ electronically by either
adhered with the terms and conditions of the party (“Last Digital Date”). With respect to date of
Recovery Policy as per the RBI circular wherein execution of documents executed in relation to
Parties will abide by provisions regarding the Loan/Facilities, the same understanding shall
be applied where the document is to be signed by
a. notice period before taking more than one person.
possession
61. The Borrower hereby irrevocably agrees and
b. circumstances under which the consents to electronic and/ or digital stamping
notice period can be waived and/ or execution of this Agreement and related
c. the procedure for taking documents in any manner as deemed fit by the
possession of the Security Bank including but not limited using Aadhar or
One Time Password (OTP) or Biometric based
d. a provision regarding final chance
authentication or USB token based Digital
to be given to the Borrower for
Signature Certificate (DSC).
repayment of Loan/ Facility
before the sale / auction of the
Security.
62. The Borrower hereby irrevocably agrees, consents 66. The Borrower irrevocably agrees and consents
and authorizes the Bank to use the Borrower’s/ that the authorized signatory is hereby authorized
authorized signatories’ Aadhaar details and core to authenticate/ e- sign/ affix digital signature for
biometric information to authenticate and verify the purposes of the Loan/ Facilities on any e-
the Borrower/authorize signatories. The Borrower platform/digitized platform as may be desired by
hereby irrevocably agrees and consents that by the Bank.
entering the OTP and/or providing the fingerprint The Borrower understands and agrees that the
impression (Biometric KYC) of the Borrower / Borrower shall keep its electronic devices used
authorized signatories, it shall be treated as for execution of this Agreement fully updated and
implied and voluntarily consent of the Borrower / protected against any virus, malfunction or cyber
authorized signatories to the Bank to validate the related threats. The Borrower agrees that neither
PAN and use the Aadhaar details for Aadhaar the Bank or any e- service/ software provider
biometric authentication and the Borrower hereby intermediary shall be held responsible for any
authorizes the Bank to fetch the Borrower’s/ failure or defect of Borrower’s equipment, other
authorised signatories’ personal details from software, facilities, third party applications
National Securities Depository Limited (NSDL) employed by the Borrower, or internet
and from Unique Identification Authority of India connectivity or for any reasons in relation to the
(UIDAI) respectively. use of the e-platform/digital platform of the Bank
63. The Borrower hereby irrevocably agrees, consents or through any vendor/ s appointed by the Bank
and accepts that the Agreement and related and electronic and/ or digital stamping and/ or
documents may be executed/ digitally stamped/ execution of this Agreement and related
stored through the e-platform/digital platform of documents.
the Bank or of / through any vendor/ s appointed 67. The provisions mentioned in clause 60-66 shall
by the Bank and also accept terms of such apply to all the documents digitally executed by
platform related to execution, e- stamping, data the Borrower and/ or Co- borrowers in relation to
storage etc. The Borrower accepts that the the Loan/Facilities.
documents accepted and/or executed on such e-
platform/ digital platform, shall be valid and 68. The Borrower hereby confirms, acknowledges
binding upon the Borrower and can be relied upon and agrees that the online acceptance of this
and used by the Bank as a proper form of Agreement including any addendums hereto
evidence and the undertakes not to raise any through the Website or such other internet or
dispute or question as regards the terms and web- based means results in a binding contract
conditions accepted thereon and as regards the between the Parties.
documents executed on the electronic/ digital 69. The Borrower is aware that transmission of this
platform. The Bank or such third party vendors Agreement, addendums to this Agreement, terms
shall be entitled to collect all data of the Borrower and conditions, instructions, acceptances and
relating to IP address, location of the computer or communications (‘Communications’) through
other instrument used for execution and video electronic means such as email, facsimile, SMS
recording for confirming the transaction. text messaging, WhatsApp, websites, online
64. The Borrower hereby irrevocably agrees and acceptance, etc. (‘Electronic Media’) involves a
accepts that any communication received and/or number of risks including fraudulent alterations
sent from the Bank / third party vendors/ agents and incorrect transmissions and absence of
etc. appointed by the Bank, whether by way of an confidentiality. However, the Borrower is desirous
SMS, email etc. on the registered mobile of receiving Communications from and providing
numbers/ email id(s) of the Borrower/ Borrower’s Communications to the Bank through the
authorized signatories available with the Bank Electronic Media for various matters under this
shall be treated as valid and binding upon the Agreement including in relation to the Loan/
Borrower. The Borrower also agrees consents Facility and the operation thereof.
and accepts that the Bank shall be at liberty to 70. In consideration of the Bank permitting the same,
treat the registered mobile number/email id of the the Borrower hereby irrevocably, confirms and
Borrower/ Borrower’s authorized signatories as undertakes to the Bank as under: (a) The Bank
valid and permitted cell number / email id for shall be entitled (without being bound to do so) to
communication. rely upon the Communications provided through
65. That disbursement of the Facilities into the the Electronic Media (and believe the same to be
account of the Borrower would be implied genuine), for their requirements. In case of any
consent of the Borrower to avail the Loan/ question as to what Communications were
Facilities and to abide by all terms and provided or received, the records of the Electronic
conditions of the Agreement and related Media received by the Bank shall be treated as
documents and the same shall be valid and final, conclusive and binding. (b) The Borrower
binding upon Borrower and no dispute shall be has ensured and shall ensure that the
raised as regards the authority of the authorized Communications provided through the Electronic
partners/ signatories or otherwise in respect of Media to the Bank are provided by the Borrower
the documents executed in favour of the Bank. and hereby agrees and confirms that the Bank
shall not be responsible for conducting any
verification whatsoever in this regard.
(c) The Borrower confirms that the Bank shall not
be bound to act in accordance with whole or any
part of the communications as it may appear in
the Communications so conveyed and the same
shall be at the sole risk of the Borrower. (d) The
Bank shall not be liable for the consequences of
any act or any refusal or omission to act or
deferment of action by the Bank on basis of the
Communications through the Electronic Media.
(e) The Bank shall not be required to await receipt
of the Communications in writing before taking
any action in connection with the
Communications provided through any Electronic
Media and the non-delivery and non-conformity of
such Communications in writing shall not in any
manner prejudice the Bank’s rights under this
Agreement or otherwise. (f) The Bank may at any
time whatsoever without assigning any reason
withdraw or modify or add the facility/ ies
provided to the Borrower in relation to the
Communications through Electronic Media. (g)
The Borrower is aware and confirms that the
Bank is agreeing to act on any Communications
provided through Electronic Media only by reason
of and relying upon the undertaking and
indemnities contained in this Clause.
 DRAWDOWNSCHEDULE

Drawdown Start Date

Next Tranche Date
Next Tranche Date
Next Tranche Date
Drawdown End Date
 SCHEDULE - I

S.No Particulars Description Details

1. Details of Execution Date 02/07/2025
Place Jaipur_Gopalpura_Asset Center
9000
2. Details of Borrower Name Ram Patil
Address sodala, mansarovar, Ramgarh,
Alwar, KARAULI, RAJASTHAN,
322252.
3. Details of Co- Borrower Name NA
Address
4. Branch address of the Bank
5. Details of Facility/Loan Amount of Overall term loan facility 9,00,000
EMI Presentation Date 5th of every month
6. Sanction Letter Ref. No. 270
Date: 27/06/2025
7. Repayment schedule Term: 16
EMI Presentation Date 5th of every month
EMI Frequency Monthly
EMI Start Date: 05/07/2025
EMI Amount 62,836
Moratorium Period
8. Disbursement in favor of Ram Patil
9. Repayment Instruments CASA
 SCHEDULE II (Schedule of Charges)
(MBL – Secured by CG)

S.No. Charges Parameters Applicable Charges*

1. Interest Rate Minimum: Repo Rate / EBR
Maximum: Upto 24% p.a.
2. Loan Processing Charges Upto 3% of loan amount
3. Stamping Charges As per State's Stamp Act
4. Stamping expenses ₹ 100 (including GST)
5. Interest on overdue EMI At the contracted rate of Interest
(Loan IRR)
6. Penal Charges on EMI default ₹ 0.65 per ₹ 1,000 (or every part thereof) will be
charged daily on overdue EMI
7. Prepayment / Foreclosure charges Refer Annexure
8. Collection Charges ₹ 600 per visit
9. Cheque/SI/ACH/ECS Return Charges ₹ 500
10. Statement of Account ₹ 500
11. Duplicate Amortization / Repayment Schedule ₹ 500
12. Repayment Instrument Swap Charges ₹ 1,000
(Replacement of PDC or Change of Bank)
13. Change in Instalment date ₹ 500 plus difference period interest (if any)
14. Duplicate Copy of Loan Document ₹ 1,000
15. Provisional / Final Interest certificate Nil
16. Lender NOC / Solvency Certificate Minimum: ₹ 10,000 & Maximum: ₹ 50,000
17. ROC filling charges At actuals
18. Cheque / Disbursement / Loan cancelation ₹ 1,000 (within 7 days of cheque issue date)
₹ 1,000 plus interest up to cancelation period
19. Cash Collection Charges (at the time Prepayment / foreclosure only, ₹ 5 per thousand for cash collection
If cash collection is more than Rs 20,000)
20. Duplicate issue of No Dues Certificate ₹ 500
21. RCU Charges (as per applicability) ₹ 750
22. Foreclosure Statement Charges ₹ 500
23. Legal & Courier Charges ₹ 1,100
24. Default collection charge ₹ 600
25. Tele Collection charge ₹ 40
26. Legal / SARFAESI / Incidental Charges*
S. Charges Parameters Applicable Charges*
No.
a) Arbitration Upto ₹ 5,100
b) Execution of Arbitration Awards Upto ₹ 6,800
c) Complaint U/s 138 (NI Act)/25 (PASS Act) Upto ₹ 6,800
d) Issue of Notice U/s 13(2) of SARFAESI Act Upto ₹ 11,100
e) Enforcement Action U/s 14 SARFAESI Act Upto ₹ 17,000
f) Any Other Legal Action taken by or against Bank At Actuals
* Chargeable based applicability

Annexure:
Prepayment Charges for Partial prepayment
Slab Applicable Charge*
a) If paid upto 6 months from last 5% of Amount which is Partial Prepaid
disbursement date
b) If paid after 6 months & upto 12 No prepayment charge to be taken if total amount deposited in FY up to 25% of POS
 months from last disbursement (starting of FY)
date
5% of total amount partial prepaid in FY, if sum of all part prepayment crosses the limit
of 25% of opening principal in starting of FY. i.e., Charges will be applicable on the
total amount partially pre-paid in the same FY.
c) If paid after 12 months from last No prepayment charge to be taken if amount deposited up to 25% of POS (starting of
disbursement date FY)
3% of total amount partial prepaid in FY, if sum of all part prepayment crosses the limit
of 25% of opening principal in starting of FY. i.e., Charges will be applicable on the
total amount partially pre-paid in the same FY.
Prepayment Foreclosure charges for Full closure
a) If paid before 12 months from 5% of Balance amount at the time of closure
last disbursement date
b) If paid after 12 months from last 4% of Balance amount at the time of closure
disbursement date

Notes:
1. Schedule of charges shall be uploaded on AU Small Finance Bank Ltd. website:
https://www.aubank.in/service-fee
2. Under the credit guarantee scheme, charges (if any) stipulated by respective regulatory body shall prevail over the above
mentioned & will be applicable with immediate effects.
3. The above charges are standard, bank may apply charges either as per this schedule or as per bilaterally accepted terms
between customer and the bank.
4. The above charges are at maximum level, for any discount or waiver on above charges shall be approved by respective
authority as per charges approval matrix.
5. Part payment will be applied over the Principal outstanding, post adjustment of due EMI and Charges, if any.
6. GST and other Government taxes applicable as per prevailing rate will be charged over and above the fees and charges.
7. Bank do not levy any loan related and ad hoc service charges/inspection charges on priority sector loans up to ₹ 25,000.
8. If customer makes part payment in tranches, then the tranche in which total part pre-payments done in FY crosses 25% of
POS in the starting of the FY, then prepayment charges will be applicable on all the part payments done earlier in same FY.
9. Minimum part payment amount should be equal to 3 EMIs.
10. No part payment is allowed in Partial disbursed cases and can be made only in full disbursed cases.
11. Default effect will be given on tenure only i.e., tenure will be reduced until written request to give impact on EMI is given by
the customer.
12. Impact of part prepayment in both EMI & Tenure is not allowed. In exceptional cases, bank can ask for additional/updated
documents from the customer along with the submission of supplementary agreement signed by all the customers in the
loan with applicable stamp duty & charges.
13. The terms and conditions, as defined by AU Small Finance Bank, apply. Please refer www.aubank.in for Further details.
 KEY FACT STATEMENT

Part 1 (Interest rate and fees/charges)

1 Loan proposal/ account No. 270 Type of Loan MBL Secured By CG

2 Sanctioned Loan amount (in Rupees) 9,00,000
3 Disbursal schedule
(i) Disbursement in stages or 100% upfront. 100% upfront
(ii) If it is stage wise, mention the clause of loan agreement
having relevant details
4 Loan term (year/months/days) 16 Months
5 Instalment details
Type of instalments Number of EPIs EPI (₹) Commencement of repayment, post sanction
Monthly 16 62,836.00 5th of every month
6 Interest rate (%) and type (fixed or floating or hybrid) 16% (Fixed)
7 Additional Information in case of Floating rate of interest
Reference Benchmark Spread (%) Final rate (%) R Reset periodicity (Months) Impact of change in the reference
Benchmark rate (%) (B) (S) = (B) + (S) benchmark (for 25 bps change in ‘R’,
change in:)
B S EPI (₹) No. of EPIs
N/A NA NA N/A N/A N/A N/A N/A
8 Fee/ Charges
Payable to the RE (A) Payable to a third party through RE (B)
One-time/ Amount (in ₹) or One-time/Recurring Amount (in ₹) or
Recurring Percentage (%) as Percentage (%) as
applicable applicable
1 Processing Fees One-time 15,930
2 Legal and Incidental Fees One-time
3 PRE EMI One-time 0
4 RCU Charges One-time
5 Stamping Expenses One-time 100
6 Stamp Duty One-time 100
7 Valuation Charges One-time
8 Insurance Charges One-time 330
9 Annual Percentage Rate (APR) (%) 18.74 %
10 Details of Contingent Charges (in ₹ or %, as applicable)
(i) Penal charges, if any, in case of delayed Penal Charges on EMI default: Rs 0.65 per Rs 1000 (or every part thereof)will be charged
payment daily on overdue installment.
(ii) Other penal charges, if any NA
(iii) Foreclosure charges, if applicable If paid upto 12 months from last 5% of balance Amount at the time of
disbursement date closure.
If paid after 12 months from last 4% of balance Amount at the time of
disbursement date closure.

(iv) Charges for switching of loans from 1% of principal outstanding

variable/ floating to fixed rate and vice
versa
(v) Any other charges (please specify) (As per Schedule of charges) -
https://www.aubank.in/service-fee
 Part 2 (Other qualitative information)

1 Clause of Loan agreement relating to The Bank may, in its sole discretion, exercise or discharge any of its rights, functions,
engagement of recovery agents powers or duties under the Agreement either by itself (through its officers or employees)
or through its appointed third parties (including recovery agents).
2 Clause of Loan agreement which details Call : 1800 1200 1200
grievance redressal mechanism
Call Center
Email : [email protected]

3 Phone number and email id of the nodal Branch/Asset Centre (Please visit www.aubank.in to
grievance redressal officer Level 1 locate nearest branch/ asset
centers)
The Grievance redressal Call: +91-8690998401
Level 2 officer
Timings: 9.15 am to 6:15 pm
Office Address: -19- A, Monday to Saturday (except second
Dhuleshwar Garden, Ajmer and fourth Saturdays and Bank
Road, Jaipur, 302001 Holidays)

Email:grievance.redressal@aubank.
in
The Principal Nodal Officer Call: Phone Number : 0141-
Level 3 6660645
Office address :- Jaipur 19-
A, Dhuleshwar Garden, Timings : 9.15 am to 6:15 pm
Ajmer Road, Jaipur, 302001 Monday to Saturday (except second
and fourth Saturdays and Bank
Holidays)

Email:[email protected]

4 Whether the loan is, or in future maybe,

subject to transfer to other REs or Yes
securitisation (Yes/ No)
5 In case of lending under collaborative lending arrangements (e.g., co- lending/ outsourcing),following additional details may be
furnished:
Name of the originating RE, along with its Name of the partner RE along with its proportion of Blended rate of interest
funding proportion funding
NA NA NA
6 In case of digital loans, following specific disclosures may be furnished:
(i) Cooling off/ look- up period, in terms of RE’s board approved
policy, during which borrower shall not be charged any NA
penalty on prepayment of loan
(ii) Details of LSP acting as recovery agent and authorized to
approach the borrower NA
 Annex B

Illustration for computation of APR for Retail and MSME loans

Sr.No. Parameter Details

1 Sanctioned Loan amount (in Rupees) ( Sl no. 2 of the KFS template – Part 1) 900,000.00
2 Loan Term (in years/ months/ days) (Sl No.4 of the KFS template – Part 1) 16 Months
a) No. of instalments for payment of principal, in case of non-equated periodic loans -
b) Type of EPI Amount of each EPI (in Rupees) and nos. of EPIs (e.g., no. of EMIs in case of monthly Monthly
instalments) (Sl No. 5 of the KFS template – Part 1) 62,836
16
c) No. of instalments for payment of capitalised interest, if any -
d) Commencement of repayments, post sanction (Sl No. 5 of the KFS template – Part 1) 5th of every month
3 Interest rate type (fixed or floating or hybrid) (Sl No. 6 of the KFS template – Part 1) 16% (Fixed)
4 Rate of Interest (Sl No. 6 of the KFS template – Part 1) 16%
5 Total Interest Amount to be charged during the entire tenor of the loan as per the rate prevailing 1,09,774.0
on sanction date (in Rupees)
6 Fee/ Charges payable (in Rupees) ₹ 16460.0
A Payable to the RE (Sl No.8A of the KFS template-Part 1) ₹ 16130.0
B Payable to third-party routed through RE (Sl No.8B of the KFS template – Part 1) ₹ 330.0
7 Net disbursed amount (1-6) (in Rupees) 8,83,560.0
8 Total amount to be paid by the borrower (sum of 1 and 5) (in Rupees) 10,09,774.0
9 Annual Percentage rate- Effective annualized interest rate (in percentage) (Sl No.9 of the KFS 18.74 %
template-Part 1)
10 Schedule of disbursement as per terms and conditions Refer Annex C
11 Due date of payment of instalment and interest 5th of every month
 Annex C

Illustrative Repayment Schedule under Equated Periodic Instalment for the

hypothetical loan illustrated in Annex B

Instalment No. Outstanding Principal Principal (in Rupees) Interest (in Rupees) Instalment (in Rupees)
(in Rupees)
1 900000 0 4400 4400
2 849164 50836 12000 62836
3 797650 51514 11322 62836
4 745449 52201 10635 62836
5 692552 52897 9939 62836
6 638950 53602 9234 62836
7 584633 54317 8519 62836
8 529592 55041 7795 62836
9 473817 55775 7061 62836
10 417299 56518 6318 62836
11 360027 57272 5564 62836
12 301991 58036 4800 62836
13 243182 58809 4027 62836
14 183588 59594 3242 62836
15 123200 60388 2448 62836
16 62007 61193 1643 62836
17 0 62007 827 62834
 ANNEXURE I

LETTER OF GENERAL LIEN AND SET OFF

To,

AU Small Finance Bank Limited,

Jaipur_Gopalpura_Asset Center 9000 (“Lender/ Bank”),

LETTER OF GENERAL LIEN, SET-OFF IN RESPECT OF DEPOSITS/CREDIT BALANCES/MARGIN PAYMENTS/MONIES created in

favour of the Lender and CROSS COLLATERIZATION/CROSS LINKING of PROPERTIES,SECURITIES, ASSETS, RECEIVABLES AND
SECURITY INTERESTS (“SECURITY”) in consideration of the Lender granting or continuing to make available loan/ facility of Rs.
9,00,000 Agreed loan amount (Rupees Nine lakh ) (“Facility”) to the Undersigned, pursuant to the terms of sanction letter ref
270 dated 27/06/2025

The Undersigned hereby acknowledges, agrees and undertakes that: -

1. The Bank may, at any time, combine or consolidate all or any of the existing accounts of the Undersigned (of
whatsoever nature) and set off or transfer any sums standing to the credit of any one or more such accounts in or
towards satisfaction of any of the liabilities of the Undersigned towards the Bank on any other account or in any other
respect, whether as principal, or surety or otherwise, whether such liabilities be present or future, actual or contingent,
primary or collateral and several or joint.
2. The Undersigned:- (a) shall neither withdraw nor shall be entitled to withdraw any such sums (so that the Bank shall
have no obligation to release or repay any such sums to the Undersigned) and shall not do or omit to do any act or
thing which may in any way delay or prejudice the Bank’s right to retain such sums and/or apply all or any part of such
sums in or towards such payment, discharge or satisfaction; (b) shall not mortgage, charge, pledge, hypothecate or
otherwise encumber or assign, transfer or otherwise deal with or grant or suffer to arise any third party rights over or
against the Security (except for encumbrance already created in favour of the Bank) and/or whole or any part of such
sums.
3. The Bank is authorised, in its absolute discretion, at any time and from time to time to notify any other creditors of the
Undersigned of the terms and undertakings set out herein;
4. Notwithstanding anything contrary contained in the Agreement and/or any other document executed in furtherance of
the Loan/Facility extended under the Agreement or any other document executed in furtherance of the facility already
extended or to be extended by the Lender (which term shall include and the subsidiaries, affiliates/associate entities
of the Lender) at a future date ("Transaction Document").
A. the Security created by the Undersigned or any other obligor towards the Facility(s) availed under the present
Transaction Documents shall also be a continuing security for:
(i) all other monies that may be due from and payable by the Undersigned on account of the facilities already availed or to
be availed from the Lender.
(ii) facility granted / continued to the group companies/associate/affiliates of the Undersigned, as declared from time to
time.
B. that any security created by the Undersigned and/or the, under any other Transaction Documents executed or to be
executed in favor of Lender and against which the Lender has already extended or shall extend facility, shall be a
continuing security for the Facility extended under the present Transaction Documents and the security already
extended or to be extended, shall not be discharged till the time all facilities already availed or to be availed from the
Lender are re-paid in full and discharged to the satisfaction of the Lender.
C. that the Lender shall have lien and right of set off over all such security created in favor of the Lender under any
Transaction Document executed at present, in past or in future, and against all monies,deposits, assets and other
properties of the Undersigned, which are deposited with/ under the control of the Lender (or any of its group
companies) by giving 07 days’ prior notice to the Undersigned.
D. that the Lender shall be within its rights to withhold the No Objection Certificates and/or withhold issuance No Dues
Certificates and/ or withhold the security created, in its sole discretion, for any loan/ facility/ credit facility pending
closure of all other loan/ facility/ credit facility availed by the Undersigned before or after availing the Loan/ Facility/
Credit Facility under the present Transaction Documents.
E. The Security created under the Agreement and the liability of the Undersigned shall not be affected,impaired or
discharged by winding up (voluntary or otherwise) or by any change in name, merger or amalgamation, reconstruction,
takeover of the management, dissolution or nationalization (as the case may be) of any of the Undersigned.
F. that in the event of any default being committed by the Undersigned under any other agreement with the Lender, under
which the Undersigned is enjoying financial/ credit facility, such event, shall be considered as an Event of Default
occurred under the present Transaction Documents and the Lender,shall be absolutely entitled to exercise all or any of
its rights under the Agreement including right to set off in respect of any amount standing to the credit of the
Undersigned in any/all of the loan/facility(ies) availed/to be availed from the Bank.
5. Nothing herein shall restrict the operation of any general lien, set-off or other rights or remedies available to the Bank,
whether by law or otherwise, and this letter of general lien, set-off and cross collateralization is in addition and without
prejudice to any lien, guarantee, mortgage, hypothecation or security now or hereafter held by the Bank;
6. This letter of general lien, set-off and cross collateralization is governed by and shall be construed in accordance with
 the laws of India and the Undersigned hereby irrevocably submits to the jurisdiction of the Courts at Jaipur. The
Undersigned further undertakes, on the Bank’s request, to nominate an agent with an address in India to accept
service of any legal process in India on behalf of the Undersigned and such agent shall acknowledge in writing to the
Bank its appointment as such agent and service of legal process on such agent shall be deemed to constitute service
on the Undersigned.
7. The Parties acknowledge and agree that the date of this letter shall be the date as mentioned below. In case the date
is kept blank in this letter and if the document is digitally/electronically signed, the date of this letter shall be the date
when the letter was last signed digitally/electronically by any of the Undersigned/executor (“Last Digital Date”). With
respect to date of execution of documents executed in relation to the Facility/Loan, the same understanding shall be
applied where the document is to be signed by more than one person.

Name SIGNATURE DATE PLACE

Borrower
Co-Borrower
Co-Borrower

ANNEXURE II

(Example of SMA, NPA Classification and NPA Upgradation Term Loan Cases)

1. IRAC Circular Refer Para No. 2.1.2 (i) - interest and/ or instalment of principal remains overdue for a period of more than 90
days in respect of a term loan Example Description - SMA and NPA Classification of Term Loan Cases based on overdue
date.Example Detail: If due date of a loan account is March 31, 2021, and complete dues are not received before the lending
institution runs the day-end process on this date, the date of overdue shall be March 31, 2021. If it continues to remain overdue,
then this account shall get tagged as SMA-1 upon running day-end process on April 30, 2021 i.e. upon completion of 30 days of
being continuously overdue.Accordingly, the date of SMA-1 classification for that account shall be April 30, 2021.Similarly, if the
account continues to remain overdue, it shall get tagged as SMA-2 upon running day- end process on May 30, 2021 and if
continues to remain overdue further, it shall get classified as NPA upon running day-end process on June 29, 2021. This is further
elaborated as below mention table:

Date DPD Classification

"31-Mar-21(Due Date)" 1 SMA-0
30-Apr-21 31 SMA-1
30-May-21 61 SMA-2
29-Jun-21 91 NPA

IRAC Circular Refer Para No. 4.2.5 - If arrears of interest and principal are paid by the borrower in the case of loan accounts
classified as NPAs, the account should no longer be treated as nonperforming and may be classified as 'standard' accounts.

Example Description - Upgradation of NPA Account: loan accounts classified as NPAs may be upgraded as 'standard' asset only if
entire arrears of interest and principal are paid by the borrower

Date Due Amount DPD Classification

"31-Mar-21(Due Date)" 10000 1 SMA-0
30-Apr-21 10000 31 SMA-1
30-May-21 61 SMA-2
31-May-21 10000
29-Jun-21 91 NPA
30-Jun-21 10000
1-Jul-21 Upgradation*

*Upgradation of Account to standard category can be done after total pending due of Rs. 40000 is received from borrower by the
Bank

2. IRAC Circular Reference Para No. 4.2.7 (c) - Asset Classification to be borrower-wise and not facility-wise Para No. 4.2.7.1 -It is
difficult to envisage a situation when only one facility to a borrower/ one investment in any of the securities issued by the
borrower becomes a problem credit/ investment and not others. Therefore, all the facilities granted by a bank to a borrower and
investment in all the securities issued by the borrower will have to be treated as NPA/ NPI and not the particular facility/
investment or part thereof which has become irregular.

Example Description - NPA Classification on based on borrower wise and not facility wise.

Example: If any Facility of customer is classified as NPA upon running day-end process as on date, all the facility of the customer
need tobe classified NPA upon same day. It is further explained as below mention table:

Customer ID Facility Name Date NPA Reason

A Term Loan 1 29-Jun-21 NPA Classified as per above Example
A Term Loan 2 29-Jun-21 NPA Classified Due to Customer A Term Loan
1 is classified
Cash Credit/Overdraf 29-Jun-21 NPA NPA Classified Due to Customer A Term
Loan 1 is
A classified NPA

IRAC Circular Refer Para No. 4.2.5 - If arrears of interest and principal are paid by the borrower in the case of loan accounts
classified as NPAs, the account should no longer be treated as nonperforming and may be classified as 'standard' accounts.

Example Description - Upgradation of NPA Account: loan accounts classified as NPAs may be upgraded if arrears of interest and
principal are repaid in all the facilities of the borrower

Customer ID Facility Name Date NPA Reason

A Term Loan 1 29-Jun-21 NPA Classified as per above Example
A Term Loan 2 29-Jun-21 NPA Classified Due to Customer A Term
Loan 1 is classified NPA
A Cash Credit / Overdraft 29-Jun-21 NPA Classified Due to Customer A Term
Loan 1 is classified NPA
A Term Loan 1 15-Jul-21 Upgrade*
A Term Loan 2 15-Jul-21 Upgrade*
A Cash Credit / Overdraft 15-Jul-21 Upgrade*

*Upgradation of Borrower's accounts to standard can be done if arrears of interest and principal are repaid in all the facilities of
the borrower

DECLARATION

The Borrower acknowledges to have read and understood all the foregoing terms of this Agreement, including the Schedules and
Annexures to this Agreement and is affixing its signature (physical/digital as the case maybe)/thumb impression/ common seal
on the last page of this Agreement evidencing the same. The Borrower further agrees and confirms that the Parties shall not be
required to sign at each page of this Agreement and the signatures at the last page of this Agreement would be sufficient for the
purposes of this Agreement.

Borrower confirms that whatever has been stated hereinabove in this Agreement is true and correct to the best of its knowledge
and belief and the Borrower has entered into this Agreement voluntarily, with full knowledge of its effect and signing of this
Agreement at the last page shall be construed as signing of each and every page of this Agreement and all other documents.

IN WITNESS WHEREOF I/WE hereunder to set my/our hands

For the Borrower
Signed and Delivered by the above-mentioned Borrower/Authorized Signatory
Name: Signature:
On behalf of the within named Borrower
For the Co-Borrower
Signed and Delivered by the above-mentioned Co-Borrower/Authorized Signatory
Name: Signature:
On behalf of the within named Co-Borrower
For AU Small Finance Bank Limited
Signed and Delivered by its Authorized Signatory/Constituted Attorney
Name: Signature:
On behalf of the within named Bank/AUSFB
 LETTER OF DEBIT AUTHORISATION

To,
AUSMALLFINANCEBANKLIMITED
19-A, Dhuleshwar Garden,,
Ajmer Road,
Jaipur - 302001,

Dear Sir/Madam

Subject: Debit Authorization

This is in reference to your Sanction Letter as mentioned in the Schedule granting us Loan / credit facilities as mentioned in the
Schedule. We the Borrower as mentioned in the Schedule do hereby irrevocably authorize you to debit my/our Loan account no as
mentioned in the Schedule and/ or SB/CA/CC/OD account no as mentioned in the Schedule maintained with Au Small Finance
Bank Limited at the branch as mentioned in the Schedule towards Processing fee, Interest , Installment, Expenses , Other
Charges, Commissions, Costs, Insurance Premium and Principal Amount as may be applicable in relation to the above said credit
facilities as per sanctioned terms and conditions mentioned in above mentioned Sanction Letter.

The Parties acknowledge and agree that the date of this letter shall be the date as mentioned in Schedule. In case the date is kept
blank under Schedule of this letter and if the document is digitally/electronically signed, the date of this letter shall be the date
when the letter was last signed digitally/ electronically by the Borrower/ executor (“Last Digital Date”). With respect to date of
execution of documents executed in relation to the Facility/Loan, the same understanding shall be applied where the document is
to be signed by more than one person.

We are aware that on the faith of this letter you have agreed to provide the said Loan / Credit Facilities to us.

Yours truly,

For the Borrower

Signed and Delivered by the above-mentioned Borrower/Authorized Signatory
Name: Signature:
On behalf of the within named Borrower/Authorized Signatory

SCHEDULE - I

S.No. Details Particulars Description

1. Details of Execution Date 02/07/2025
Place Jaipur_Gopalpura_Asset Center
9000
2. Sanction Letter Reference: 270
Date: 27/06/2025
3. Facility Details Type of Facility Fixed
Amount 9,00,000
4. Details of Borrower Name Ram Patil
Address sodala, mansarovar, Ramgarh,
Alwar, KARAULI, RAJASTHAN,
322252.
5. Loan Account No./. 9001061448846820
SB/CA/CC/OD Account No
6. Branch of the Bank Jaipur_Gopalpura_Asset Center
9000
 END USE LETTER

To,
AU Small Finance Bank Limited,
Jaipur_Gopalpura_Asset Center 9000

Ref: Loan Application No as mentioned in the Schedule and Loan Account No. as mentioned in the Schedule in the name of
Borrower as mentioned in the Schedule

Sub: End use of funds borrowed fromAU Small Finance Bank Limited ("Bank")

Dear Sir,

I/ We, refer to the Application No. and date as mentioned in the Schedule. I/ We had availed the facility as mentioned in the
Schedule ("Facility") vide facility agreement dated as mentioned in the Schedule ("Facility Agreement"). The Facility is utilized for
below mentioned purpose as mentioned in the Schedule

I/We hereby represent, warrant and confirm that the aforesaid purpose is a valid purpose and is not speculative or illegal in any
manner.

I/We further agree, confirm and undertake that the purpose of use of funds under the Facility shall not be changed/ has not been
changed in any manner during the tenor of the Facility under the Facility Agreement; or that such change in purpose shall take
place only with the prior written permission of the Bank.

I/ We agree that any breach or default in complying with all or any of the aforesaid undertaking(s) will constitute an Event of
Default under the facility agreement and/or the Lender may initiate any prompt action as may be necessary at its sole discretion
including and not limited to recall of the facility.

I/We agree that any breach or default in complying with all any of the aforesaid undertaking(s) will constitute an Event of Default
under the Facility Agreement.

The Parties acknowledge and agree that the date of this letter shall be the date as mentioned in Schedule. In case the date is kept
blank under Schedule of this letter and if the document is digitally/electronically signed, the date of this letter shall be the date
when the letter was last signed digitally/ electronically by the Borrower/ executor (“Last Digital Date”). With respect to date of
execution of documents executed in relation to the Facility/Loan, the same understanding shall be applied where the document is
to be signed by more than one person.

SCHEDULE

S.No. Details Particulars Description

1. Details of Execution Date 02/07/2025
Place Jaipur_Gopalpura_Asset Center
9000
2. Details of Borrower Name Ram Patil
Address sodala, mansarovar, Ramgarh,
Alwar, KARAULI, RAJASTHAN,
322252.
3. Details of Application Number 270
Date 27/06/2025
4. Facility amount 9,00,000
5. Date of Facility Agreement 27/06/2025
6. Purpose Capital Expenditure
7. Loan Account no. 9001061448846820
For the Borrower
Signed and Delivered by the above-mentioned Borrower/Authorized Signatory
Name: Signature:
On behalf of the within named Borrower
For the Co-Borrower
Signed and Delivered by the above-mentioned Co-Borrower/Authorized Signatory
Name: Signature:
On behalf of the within named Co-Borrower
 DUAL SIGNATURE / NAME INDEMINITY

I.......................................................

S/o, W/o, D/o ........................................................

R/o ........................................................

..........................................................

Aged about........................................................Years, do solemnly affirm that :

1. My name is .........................................................................
2. I am also known as .........................................................................
3. Both the signature i.e., . .........................................................................
and .........................................................................
4. That my signature are ........................................................................
That apart from the aforesaid names and signature I do not name and sign in any other manner.

DEPONENT

VERIFICATION

I, the above name deponent do hereby verify that the contents of my above affidavit are true and correct to my knowledge and
belief and nothing material has been concealed there from.
Verified at ................................................................................ (Place) on this ...................................................................................day
of ................................................................................
DEPONENT
 SIGNATURE VERFICATION LETTER

This is to certify that the entity as mentioned in Schedule below is maintaining a Current/Saving bank account bearing number as
mentioned in Schedule below with the bank as mentioned in Schedule below and operating that account in the normal course of
its business / activities. The authorized signatory for the operation of the account is as mentioned in Schedule below. His/hers
signature as appearing below is duty attested (as per the records available with the bank.)

The Parties acknowledge and agree that the date of this letter shall be the date as mentioned in Schedule. In case the date is kept
blank under Schedule of this letter and if the document is digitally/electronically signed, the date of this letter shall be the date
when the letter was last signed digitally/electronically by the Parties (“Last Digital Date”). With respect to date of execution of
documents executed in relation to the Facility/Loan, the same understanding shall be applied where the document is to be signed
by more than one person.

SCHEDULE

S.No. Details Particulars Description

1. Details of Execution Date 02/07/2025
Place Jaipur_Gopalpura_Asset Center
9000
2. Details of the Entity Name Ram Patil
Address sodala, mansarovar, Ramgarh,
Alwar, KARAULI, RAJASTHAN,
322252.
3. Details of Bank Account Number 2502244570976936
Bank Name AU SFB
Authorized Signatory Ram Patil

For the Borrower

Signed and Delivered by the above-mentioned Borrower/Authorized Signatory
Name: Signature:
On behalf of the within named Borrower/Authorized Signatory
For the Bank
Signed and Delivered by the above- mentioned Bank/ Authorized Signatory/ Branch
Manager
Name: Signature:
On behalf of the within named Bank/Authorized Signatory/Branch Manager
 STANDING INSTRUCTION/MANDATE/NACH

From: Ram Patil

Date: 02/07/2025

To:

The Branch Head,

Jaipur_Gopalpura_Asset Center,

AU SMALL FINANCE BANK LIMITED

Re: Execution of Standing Instructions/Mandate/Existing NACH

Dear Sir,

This is with reference to my loan application no...................................................................................dated ............................for loan

amounting to Rs. (Rupees ........................................................................only) submitted to AU Small Finance Bank Limited ("the
Bank"). My customer ID is.................

I authorize you to debit a sum of Rs. ............................................ (Rupees .............................................................................only) on

the...............................................................................................of every month starting ........................................................ from my
savings/current accounts with the Bank, being the monthly EMI due to you.

This instruction is irrevocable. Yours Truly,

For the Borrower

Signed and Delivered by the above-mentioned Borrower/Authorized Signatory
Name: Signature:
On behalf of the within named Borrower
 UNATTESTED DEED OF HYPOTHECATION

This deed of hypothecation("Deed")is made and executed at the date and place as mentioned in Schedule I by The persons set
forth in Schedule I (Description of Borrower) (hereinafter referred to as the "Borrower", which expression shall unless it be
repugnant to the meaning or context thereof be deemed to mean and include its successor(s) and permitted assign(s)) of the
ONE PART;IN FAVOUR OF

AU Small Finance Bank Limited,a small finance bank having its registered office at 19-A Dhuleshwar Garden, Jaipur, Rajasthan
(hereinafter referred to as the"Lender"which expression shall, unless it be repugnant to the subject, meaning or context thereof,
be deemed to mean and include its successor(s) and permitted assign(s) of the OTHER PART.

The Borrower and the Lender shall collectively be hereinafter referred to as the "Parties" and individually as a"Party".

WHEREAS:

A. The Borrower has approached the Lender for a loan/credit facility as mentioned in Sanction Letter and the Lender has
agreed, at the request of the Borrower, to grant to the Borrower a loan of an amount as mentioned in Schedule I
(hereinafter referred to as the "Loan/Credit Facility") subject to and in accordance with and for the purpose mentioned in
loan/ credit facility agreement executed by the Borrower for availing Loan from the Lender (hereinafter referred to as
"Loan/Credit Facility Agreement").
B. The Borrower has accepted the terms and conditions stipulated by the Lender and in consideration of the Lender
providing the Loan/Credit Facility to the Borrower, the Borrower agrees that it shall secure the Loan/Credit Facility, inter
alia, by a first and exclusive charge/ pari passu charge as per sanction letter, by way of hypothecation of its Assets.
C. The Lender has called upon the Borrower to execute these presents which the Borrower has agreed to do in the manner
hereinafter expressed.

NOW THIS DEED WITNESSETH AS FOLLOWS:

1. Definitions and Interpretations

For all purposes of this Deed capitalized terms not otherwise defined in below shall have the meaning assigned thereto in
the Loan/Credit Facility Agreement.
1.1 Defined Terms
As used in this Deed, the following terms shall have the following meanings:
"Applicable Law"means, with respect to any person, all laws, statutes, treaties, rules, regulations, determinations, orders,
writs, processes,decrees, injunctions, judgments, or awards of an arbitrator, a court or any other Governmental Authority,
and all governmental authorizations binding upon or applicable to such person or to any of its properties or Assets.
"Assets" shall mean all present and future movable assets, Receivables and Debt Assets, current assets, plant &
machinery as hypothecated to the Lender and as described in Schedule I.
"Debt Assets" shall mean all the amounts due from debtor(s) of the Borrower to the Borrower as per the books of
accounts of the Borrower at the relevant point of time and which have not remained overdue for more than 89 days and
shall include the interest payable thereupon.
"Receivables"shall mean all the cash flows, monies, other income and other amounts, present and future, accruing from
or arising out of the business of the Borrower including without limitation, any amounts receivable (including any balance
receivables in relation to the business of the Borrower) and, or, to be received by the Borrower directly or indirectly, and
shall also include all insurance proceeds pertaining of the Borrower for any insurance obtained by it as per the
instructions of the Lender.
"Outstanding Amounts"mean principal amount of the Loan/Credit Facility outstanding from time to time, and all interests,
penal charges,interest on overdue EMI/ installment/ amount/ interest, expenses, prepayment interest, fees, costs,
commissions, charges and other amountsdue under or in respect of the Loan/Credit Facility Agreement.
1.2 Principles of Interpretation
In construing this Deed:
(i) time is of essence in the performance of the Parties' respective obligations. If any time period specified herein is
extended,such extended time shall also be of the essence;
(ii) unless the context otherwise requires, words importing singular shall include plural and vice versa;
(iii) articles and schedule headings are for reference only and shall not affect the construction or interpretation of this Deed;
(iv) references to articles and schedules are references to articles and schedules of and to this Deed;
(v) annexures and schedules form an integral part of this Deed. In the event of any conflict between any article of the Deed
and any of the annexures and schedules, the provision of the article shall prevail;
(vi) reference to any agreement, including this Deed, any other deed, document, instrument, rule, regulation, notification,
statute or the like shall mean a reference to the same as may have been duly amended, modified or replaced. For the
avoidance of doubt, a document shall be construed as amended, modified or replaced only if such amendment,
modification or replacement is executed in compliance with the provisions of such document(s);
(vii) unless otherwise specified, time periods within or following which any payment is to be made or act is to be done shall
 be calculated by excluding the day on which the period commences and including the day on which the period ends and
by extending the period to the following Business Day if the last day of such period is not a Business Day;
(viii) the terms "herein", "hereof", "hereto", "hereunder" and words of similar purport refer to this Deed as a whole;
(ix) the use of the word "including" followed by specific example(s) in this Deed, shall not be construed as limiting the
meaning of the general wording preceding it;
(x) wherever the context so requires, the use of masculine gender to refer the term 'Borrower' shall mean and be construed
as the feminine gender. In the event the Loan/Credit Facility is availed by a Co-Borrower, the term "Borrower" shall include
the Co- Borrower, unless the context otherwise requires.
(xi) wherever the context so requires, the articles pertaining to a Borrower who is an individual/ sole proprietary concern,
partnership firm, company, society, joint liability group shall be applicable on such individual/ sole proprietary concern,
partnership firm, company, society, joint liability group on the basis of type of entity it is.
(xii) the terms and expressions not herein defined shall have the interpretation and meaning assigned to them in terms of the
General Clauses Act, 1897.
(xiii) References to a"person"or"Person"(or to a word importing a person) shall be construed so as to include:
(a) individual, sole proprietorship, firm, partnership, limited liability partnership, trust, joint venture, company, corporation,
body corporate, unincorporated body, association, organization, any Governmental Authority or other entity or
organization (whether or not in each case having separate legal personality);
(b) that person's successors in title, executors, and permitted transferees and permitted assignees; and
(c) references to a person's representatives shall be to its officers, employees, legal or other professional advisers,
subcontractors, agents, attorneys and other duly authorized representatives.
(xiv) In the event of any disagreement or dispute between the Lender and the Borrower regarding the materiality or
reasonableness of any matter, the opinion of Lender as to the materiality shall be final and binding on the Borrower.
(xv) Reference to any statute or statutory provision shall include:
(a) all statutory instruments or orders including subordinate or delegated legislation (whether by way of rules,
notifications, bye-laws and guidelines) made from time to time under that statute or statutory provision (whether or not
amended, modified,re-enacted or consolidated); and
(b) such provision as from time to time amended, modified, re- enacted or consolidated, to the extent such
amendment,modification, re- enactment or consolidation applies or is capable of applying to any transactions entered
into under this Deed and (to the extent liability thereunder may exist or can arise) shall include any past statute or
statutory provision (as from time to time amended, modified, re-enacted or consolidated) which the statute or statutory
provision referred to has directly or indirectly replaced.
2. Covenant to Pay/Repay
In pursuance of the Loan/Credit Facility Agreement and in consideration of the Loan/Credit Facility granted/ agreed to be
granted and advanced to the Borrower by the Lender, the Borrower covenants and agrees that the Borrower shall repay
the Loan/Credit Facility, or any part thereof and the other payments including interest payments, penal charges, interest
on overdue EMI/installment/amount/interest, charges, costs etc.as specified in the Loan/Credit Facility Agreement (as
and when the same fall due for payment as more particularly specified in the Loan/Credit Facility Agreement) and shall
pay all Outstanding Amounts due in the manner as set out in the Loan/Credit Facility Agreement and shall duly observe
and perform all the terms and conditions of the said Loan/Credit Facility Agreement.
3. Charging Clause
3.1 As security for the Outstanding Amounts and also as security for payment of any other charges, costs (between attorney
and client) and expenses payable to or incurred by the Lender in relation thereto, the Borrower hereby charges and
hypothecates in favour of the Lender all the present and future Assets now or at any time during the continuance of the
Loan Agreement/this Deed. The Assets shall remain hypothecated and remain under charge to the Lender as security for
the payment by the Borrower to the Lender of the said Outstanding Amounts. The charge-cum-hypothecation created on
the Assets shall rank as first and exclusive/pari passu/second charge as per sanction letter.
3.2 In case the charge is created on pari passu basis, the Borrower shall be free to borrow additional funds for its normal
needs from other lenders. The Borrower will obtain NOC from the bank for ceding pari passu charge on the security
within the time frame as per sanction letter. The security cover for the facility to be kept at minimum agreed ratio, if any,
as per terms of Sanction Letter.
3.3 The Borrower shall not, without the prior written consent of the Lender during the continuance of the Loan/Credit Facility
Agreement /this Deed, create or attempt to create any charge or any further security interest or encumbrance of any kind
over the Assets or any part thereof and the Borrower shall do all such acts and things required to preserve the Assets.
3.4 The charge/hypothecation shall be deemed to be created on the Assets immediately on the execution of this Deed.
3.5 The Borrower specifically agrees that any addition, escalation or accretion to the Assets /security, accruing in respect of
the Assets or by way of production and profits thereto or any part thereof shall also be deemed to be hypothecated with
the Lender. The Parties agree that there is no need for signing any additional supplementary agreement in this respect.
4. Security
4.1 Continuing Security
The security created over the Assets by or pursuant to this Deed and/or under the Loan/Credit Facility Agreement or any
other finance document executed by the Parties is a continuing security and shall remain in full force and effect,
notwithstanding any intermediate part payment or settlement of account or other matter or thing whatsoever, and in
 particular the intermediate part satisfaction by the Borrower of any part of the Outstanding Amounts, and is in addition,
and without prejudice, to any other security, guarantees, lien, indemnities or other right or remedy which the Lender may
now or hereafter hold for the Outstanding Amounts or any part thereof.
4.2 Other Security
This security of Assets is in addition to, and shall neither be merged in, nor in anyway exclude or prejudice, or be affected
by any other security interest, right of recourse or other right whatsoever (or the invalidity thereof) which the Lender may
now or at any time hereafter hold or have (or would apart from this security hold or have) as regards the Borrower or any
other person in respect of the Outstanding Amounts.
4.3 Avoidance of Payments
If any amount paid by the Borrower in respect of the Outstanding Amounts is held to be void or set aside on the
liquidation or winding up of the Borrower or otherwise, then for the purposes of this Deed, such amount shall not be
considered to have been paid by the Borrower.
5. Further Security and Agreements
5.1 The Borrower hereby covenants with the Lender that in case the security on the Assets provided by the Borrower has
become inadequate in the opinion of the Lender, the Borrower shall:
(i) inform the Lender about the same; and
(ii) promptly furnish such additional security to the entire satisfaction of the Lender and as may be required by the Lender
to secure the due payment of the Outstanding Amounts.
5.2 The Borrower further agrees to hypothecate more assets as directed by the Lender from time to time at the sole
discretion of the Lender, to secure the payment/repayment of the Outstanding Amounts/advanced, and details of such
assets will be annexed to this Deed. The additional assets hypothecated by the Borrower shall include all fittings, fixtures,
tools, accessories and parts whatsoever pertaining to the said additional assets and all replacements of or additions
made to the said additional assets from time to time.
6. Release of Security
Subject to the terms contained in the Loan/ Credit Facility Agreement, only on the Borrower paying in full the entire
Outstanding Amounts to the satisfaction of the Lender in the manner provided in the Agreement and in other security
documents, the Lender shall with reasonable promptness, upon the written request and at the expense of the Borrower,
release unto the Borrower, or as the Borrower shall direct and do all such other things as maybe reasonably necessary to
release, the Assets from the security created hereunder (other than such of the said Assets as may have already been
released pursuant to the Loan/Credit Facility Agreement).
7. Further Assurances
The Borrower hereby covenants and undertakes, from time to time and at all times, whether before or after the security
constituted hereunder shall have become enforceable, to execute, pay and do, at the expense of the Borrower, all such
charges, transfers, assignments, deeds, assurances, documents, agreements, instruments, acts, matters and things in
such form and otherwise as the Lender may reasonably or by law require for perfecting and protecting the security
intended to be hereby constituted or facilitating the realization thereof or otherwise in relation to enforcing the same.
8. Declarations of the Borrower
8.1 The Borrower reiterates the representations and warranties contained in the Loan/ Credit Facility Agreement and
acknowledges and confirms that the same have been made with the intention of inducing the Lender to enter into this
Deed, and further acknowledges that the Lender has entered into this Deed on the basis of, and relying on, each of such
representations and warranties given by the Borrower.
In addition to the representations and warranties made by the Borrower under the Loan/ Credit Facility Agreement, the
Borrower hereby undertakes and declares as follows:

(i) The Borrower shall keep the Assets in good and marketable condition.
(ii) The Borrower shall pay all rent, taxes, any other charges in respect of the premises where the Assets are stored
and to display the name of the Lender as the entity in whose favour the assets stored therein are charged.
(iii) The Borrower shall pay all taxes (including stamp duty) in connection with the execution, enforcement and
performance under this Deed and the registration thereof.
(iv) This Deed shall be registered, if required by the Lender. In the event the Borrower is a company, form CHG-1 with
respect to security creation under this Deed over the Assets shall be filed with the Registrar of the Companies
within thirty (30) days of execution of this Deed. Upon submission of a copy of this Deed and the prescribed
CHG-1 containing the prescribed particulars for registration of the registrable charges created hereby, forthwith
on the execution of this Deed to the Registrar of Companies, the Borrower shall comply with all the legal
requirements necessary to create a valid and enforceable hypothecation in favour of the Lender, and will have
obtained all necessary consents, approvals and permissions.

8.2 The Borrower further declares, represents and warrants that:

(i) It has the power to execute, deliver and perform the terms and provisions of this Deed and has taken all
necessary action (including any corporate action as required) to authorize the execution, delivery and
performance of this Deed;
(ii) This Deed when executed and delivered will constitute valid and legally binding obligations enforceable in
accordance with its terms;
 (iii) Neither the execution nor performance of any document to which it is a party, nor the compliance with its terms
will conflict with or result in a breach of any of the terms, conditions or provisions of, or constitute a default
under this Deed, agreement or other instrument to which the Borrower is a party or by which it is bound, or vice
versa or violate any of the terms or provisions of the Borrower's memorandum and articles of association or
other governing document or any judgment, decree or order or any statute,rule or regulation applicable to the
Borrower;
(iv) The Borrower hereby declares that subject to what is contained hereinbefore, the Assets are and will, at all times,
be the absolute property of the Borrower.
(v) The provisions of this Deed are effective to create in favor of the Lender a legal, valid and enforceable charge on
the Assets on which the Borrower purports to grant a charge pursuant hereto including without limitation, a legal,
valid and enforceable security interest, and appropriate recordings and filings which will be made promptly after
the execution of this Deed in all appropriate public offices, and all other necessary and appropriate action will be
taken so that as soon as this Deed has been so recorded and filed, it will create an effective charge on all right,
title and interest of the Borrower in the Assets covered thereby, and all necessary and appropriate clearances
and consents (if any) for the creation, effectiveness, priority and enforcement of such Assets have been
obtained;
(vi) The Borrower agrees to accept, as conclusive proof of the correctness of any sum claimed to be due from the
Borrower to the Lender in relation to the Loan/Credit Facility, a statement of account made out from the books of
the Lender and signed by the duly authorized officers of the Lender without production of any other voucher,
documents or papers;
(vii) The Borrower agrees that if the Assets are realized by repayment or otherwise, it shall be forthwith paid to the
Lender to be applied in reduction of the indebtedness to the Lender in respect of the Outstanding Amounts and
other amounts payable by the Borrower to the Lender under the Loan/Credit Facility Agreement. The Borrower
shall not transfer or deal with the Assets upon being prohibited by the Lender from doing so.
9. Covenant and Undertakings
9.1 Subject to the terms of Applicable Law, the Borrower does hereby further covenant that:
(i) The Lender and / or its officials without notice to the Borrower and at the Borrower's risk and expenses shall be
entitled to enter into any place where the Assets are stored and to inspect, value or take possession of the
Assets. The Borrower shall if so required by the Lender cause and indication or marking with the name of the
Lender and a statement to the effect that the Assets stored, kept or otherwise recorded have been hypothecated
in favor of the Lender, distinctly affixed/ written/ printed thereon to be shown at all times in a conspicuous
manner upon on all or any such premises and/ or records where the Assets are maintained and/ or recorded,
during the continuance of the security interest created in this Agreement.
(ii) The Borrower shall furnish to the Lender, whenever required by the Lender, full and correct particulars/
statements of all the Assets and shall allow the Lender or its authorized agents to take inspection of all the
books of accounts and shall produce such evidence as the Lender may require as to the value thereof. It shall be
lawful for the Lender at any time and from time to time during the continuance of the security to appoint and
employ at the Borrower's expense, in all respects and for such period as the Lender shall think fit, a person or
persons or a firm or a company to inspect the value of all or any of the Assets on behalf of the Lender and the
Borrower shall pay to the Lender on demand all the expenses fees in respect thereof or incidental thereto (the
Lender's statement being conclusive). In default, the Lender may be at liberty to debit the amount thereof to the
Borrower's accounts in the Lender's books and the same shall be treated as advance until payment thereof.
(iii) Insurance
(a) The Borrower shall at its own cost and expense keep or cause to be kept the Assets fully insured against
such risks, and for such amount(s) and for such period and in such form(s) as the Lender may from time
to time require, with the Lender named as loss payee therein.
(b) In relation to such insurances as are required to be maintained pursuant to sub- clause (a) above, the
Borrower shall not do or suffer to have been done any act which may invalidate such insurance.
(c) In the event of any failure by the Borrower to obtain such insurances and/or to furnish proof of the same
to the Lender, the Lender may (but shall not be bound to) insure the Asset(s) at the Borrower's cost. If the
Lender pays the premium, or any other monies, for /towards the insurance of the Asset(s), the Borrower
shall reimburse all such sum paid by the Lender.
(d) In the event the Borrower becomes entitled to make any claims under the above insurances, it shall
promptly make a claim under such insurances and first apply all monies received either in reinstatement
of the security insured or towards repayment of the outstanding amount.
9.2 In addition to the covenants set forth in Clause 9.1, subject to the terms of Applicable Law, the Borrower does hereby
further covenant that it will not, except as otherwise expressly provided in the Loan/Credit Facility Agreement, create or
permit to exist any lien on the Assets or any portion thereof.
10. Event of Default and Enforcement
10.1 Event of Default
The security created hereunder in favor of the Lender shall become enforceable by the Lender if any Event of Default as
provided in the Loan/Credit Facility Agreement occurs and/or be continuing.
10.2 Enter into premises
Upon an Event of Default by the Borrower in repayment of the Loan/ Credit Facility as agreed upon or in the event the
 charge on the assets becomes unenforceable for any reasons whatsoever, the Lender and/or its officials at the risk and
expenses of the Borrower may enter upon any premises of the Borrower and / or any other person to seize, recover,
collect, withdraw, receive the assets without interruption or hindrance by the Borrower and/or any other person.
10.3 Right to Accelerate
(i) On or at any time after the occurrence and during the continuation of an Event of Default, if the Outstanding
Amounts or part thereof is due, the Lender shall be entitled to demand from the Borrower repayment of
Outstanding Amounts and/ or all or any part of the amounts due together with accrued interest and all other
amounts accrued under or otherwise in connection hereto and all such amounts shall become immediately due
and payable, without further notice or presentment or demand for payment, protest or notice of non-payment or
dishonor or other notice or demand of any kind or nature whatsoever or other legal formalities of any kind.
(ii) If the Loan/Credit Facility has been accelerated as aforesaid and not repaid pursuant to the terms of the Loan/
Credit Facility Agreement, the Lender may without prejudice to any other rights and without prior written notice to
the Borrower subject to any limitations which are imposed by Applicable Law and which cannot be waived by
contract :
(a) deal with the Assets or any part thereof in such manner and upon such terms whatever as the Lender
may consider fit,and/ or enforce, settle, compromise with any rights or claims relating thereto without
being liable for any losses and without prejudice to the Lender's aforesaid rights;
(b) exercise any and all powers, which a receiver could exercise hereunder or by Applicable Law;
(c) appoint by writing any person or persons to be a Receiver of all or any part of the Assets, from time to
time determine the remuneration of the Receiver and remove the Receiver (except where an order of the
Court is required therefore) and appoint another in place of any Receiver, whether such Receiver is
removed by the Lender or an order of the Court or otherwise ceases to be the Receiver or one of two or
more Receivers.
(d) without prejudice to the aforesaid, the Lender shall be entitled to do all such acts and deeds for taking
control of and recovering the Assets and any future Assets comprised in these presents, at the costs of
the Borrower. The Borrower shall take no action inconsistent with or prejudicial to the right of the Lender
hereinabove mentioned, and the Lender's right to receive the income, profits and benefits thereof without
interruption or hindrance by the Borrower or by any person(s) whomsoever, and upon the taking of such
action, the Lender shall be freed and discharged from or otherwise by the Borrower well and sufficiently
saved and kept harmless and indemnified of, from and against all former and other title, claims,demands
and encumbrances whatsoever.
(iii) Sale
Notwithstanding anything to the contrary herein and provided it is hereby agreed and declared as
follows:
(a) In the Event of Default it shall be lawful for the Lender at any time without any further consent of the
Borrower, to sell, assign or concur with any other person in selling and/or assigning the Assets, and with
power also to execute assurances and give effectual receipts for the purchase money and do all other
acts and things for completing the sale/ assignment which the person or persons exercising the power
of sale/assignment shall think proper.
(b) The Borrower shall, with the previous consent of the lender, be at liberty from time to time to sell or
dispose off the Assets or any part thereof otherwise in the ordinary course of business, provided that the
value of such Assets is utilized to repay the Facility.
(c) No purchaser/ assignee from, or other person dealing with the Lender and/ or any Receiver upon any
sale/assignment purporting to be made/done in pursuance of the aforesaid power in that behalf shall be
bound or concerned to see or inquire whether an Event of Default has occurred or as to the necessity or
expediency of the stipulations subject to which such sale/ assignment shall have been made or
otherwise as to the propriety or regularity of such sale/assignment.
(d) Upon any such sale/ assignment as aforesaid the receipt by the Lender of the purchase/ assignment
money shall effectually discharge the purchasers or purchaser or assignee therefrom and from being
concerned to see to the application thereof or being answerable for the loss or misapplication thereof.
(e) It shall be lawful for the Lender at any time subject to any limitations which are imposed by Applicable
Law and which cannot be waived by contract, without any further consent of the Borrower, to recover the
Debt Assets and/ or the Receivables hypothecated in favour of the Lender upon the occurrence of any
Event of Default.
(f) Further upon occurrence of an Event of Default, all rights to recover the Debt Assets from the debtor(s)
of the Borrower and/ or the Receivables of the Borrower shall be with the Lender. After occurrence of
Event of Default, the Lender shall be entitled to exercise all the rights of the Borrower in respect of the
Debt Assets and will be entitled to proceed against the said debtor(s) of the Borrower to recover the
amounts due in respect of the Debt Assets and to appropriate and utilize the same as mentioned above,
without any reference/ notice to the Borrower. Further, in such event, the Borrower shall execute all
necessary documents including the deed of assignment (if required) in respect of the Debt Assets.
Additionally, after occurrence of Event of Default, the Lender shall be entitled to exercise all the rights of
the Borrower in respect of the Receivables and will be entitled to recover the amounts due in respect of
the Receivables and to appropriate and utilize the same as mentioned above, without any reference/
notice to the Borrower. The Borrower shall, in this regard, without any demur or protest, sign and execute
all documents/notices/ letters/ power of attorneys as may be required by the Lender.
 (g) The Bank may exercise such other rights as may be available to it under the applicable Law, including the
special rights and remedies available to secured lenders under Securitization & Reconstruction of
Financial Assets & Enforcement of Security Interests Act, 2002.
(h) In the event if there is a surplus available pursuant to clause 10.3 (iii) (a), after payment in full of the
balance due to the Lender, it shall be lawful for the Lender to retain and apply the said surplus together
with any other amount in the hands of the Lender belonging to the Borrower, against in, or towards
payment or liquidation of any and all other moneys which shall be and may become due from the
Borrower whether solely or jointly with any other person borrower to the Lender, from loans, discounted
bills, letters of credit, guarantees, charges, or any other debt or liability including bills, notes, credit and
other obligation current or future, legal or equitable. In the event the net proceeds of sale/realization is
insufficient for repayment of whole of the respective amounts due to the Lender, the same shall be
appropriated in liquidation of the indebtedness of the Borrower to the Lender. Until such appropriation of
money which is realized by the Lender/receiver, the moneys so realized shall be held by such receiver/
Lender/any of its agents, nominees, officer, in trust for the benefit of the Lender.
10.4 All other rights under Loan/Credit Facility Agreement
The Lender shall be entitled to exercise all its rights as are available to it under the Loan/Credit Facility Agreement and
the Borrower acknowledges the Lender's rights thereunder. In case of any inconsistency between this Agreement and
Loan/ Credit Facility Agreement, a decision on the interpretation shall be taken by the Lender, which decision, the
Borrower agrees, shall prevail upon it/them.
11. Powers of Lender
The Lender shall have the authority subject to any limitations which are imposed by the Applicable Law and which cannot
be waived by contract, to act upon and enforce the provisions of this Deed, or to adopt appropriate remedies in that
behalf and shall exercise all powers under this Deed in accordance with the Applicable Law.
12. Appointment of Receiver in the Event of Default
12.1 Right to Appoint Receiver
(i) The Lender, at any time after it has acquired the right to exercise the power of sale/assignment pursuant to this
Deed, may by writing, appoint as Receiver of the Assets one or more persons described in clause (ii), and may
remove any Receiver so appointed and appoint another instead.
(ii) The Borrower hereby consents to the appointment of any bank doing business in India, any public financial
institution or any of their respective subsidiaries or affiliates or any senior official of any of the above, or
advocate/ any firm of advocates or independent public accountants or any other person as approved by the
Lender, as receiver ("Receiver") hereunder and agrees that it shall not object to the appointment of any such
person at the time of any such appointment.
12.2 Status, Powers and Remuneration of Receiver
(i) Appointment of any Receiver may be made at any time on or after the happening of the Event of Default.
(ii) Such Receiver may, from time to time, be invested with such rights, powers, authorities and discretion
exercisable by the Lender hereinafter set forth or under Applicable Law or as the Lender may think expedient,
including the following rights, powers and authorities (all of which shall be subject to any limitations which may
be imposed by Applicable Law and which cannot be waived by contract are not waivable by contract):
(a) to take right, title and interest on all or any part of the Assets, and for that purpose to take any
proceedings and enforce any order or judgment in the name of the Borrower or otherwise, as the
Receiver shall consider fit;
(b) to manage or carry on or concur in carrying on the business of the Borrower as regards the achievement
of the purpose, as the Receiver shall consider fit;
(c) to make any arrangement or compromise between the Borrower and any other person or pay any
compensation or incur any obligation which the Lender or the Receiver shall consider fit;
(d) for the purpose of exercising any of the powers, authorities and discretion conferred on it by this Deed
and /or defraying any costs or expenses which may be incurred by it in the exercise thereof, or for any
other purpose, to borrow from the Lender or others on such terms (with or without security) as the
Receiver or the Lender shall consider fit and so that, with the prior written consent of the Lender, any
such security may be or include a charge on the whole or any part of the Assets ranking wholly or partly
in priority to or first and exclusive with the security created hereunder;
(e) to assign, sell, deal with or manage or concur in assigning, selling, dealing with or managing or otherwise
dispose of any part of the Assets / future assets in such manner and generally on such terms and
conditions as the Lender or the Receiver shall consider fit and to carry any such transactions into effect
in the name of and on behalf of the Borrower or otherwise;
(f) to obtain all consents and permissions, approvals necessary or appropriate to carry out any of the
matters referred to in this Deed or otherwise, as the Lender or the Receiver shall consider fit;
(g) to redeem any prior encumbrance and settle and pass the accounts of the encumbrances so that any
accounts so settled and passed shall (subject to any manifest error) be conclusive and binding on the
Borrower and the money so paid shall be deemed to be an expense properly incurred by the Receiver;
(h) to appoint and discharge employees, officers, agents, professionals and others for the purposes hereof
upon such terms as to remuneration or otherwise as the Receiver may consider fit and to discharge any
persons appointed by the Borrower;
 (i) to settle, refer to arbitration, compromise and arrange any claims, accounts, disputes, questions and
demands with or by any person or body who is or claims to be a creditor of the Borrower or relating in
any way to the properties or any part thereof;
(j) to bring, prosecute, enforce, defend and discontinue all such actions and proceedings in relation to the
Assets or any part thereof as the Receiver shall consider fit;
(k) to proceed against the debtor(s) of the Borrower in the Event of Default by them under the terms of
documentation with the Borrower and shall be entitled to the rights and benefits that the Borrower
against the said debtor(s);
(l) to do all such other acts and things (including, without limitation, signing and executing all documents
and deeds) as may be considered by the Lender or Receiver to be incidental or conducive to any of the
matters or powers aforesaid or otherwise incidental or conducive to the preservation, improvement or
realization of the said Assets; and
(m) to exercise all such other power and authority as the Lender shall consider fit to confer, and which the
Lender may in relation to such part of the Assets as is the subject of a first and exclusive/ pari passu
charge or standard security, confer any powers and authorities which it could give if it were an absolute
beneficial owner thereof.
(iii) Unless otherwise directed by the Lender, such Receiver may exercise all the rights, powers, authorities and
discretion herein or by law vested in the Lender.
(iv) Such Receiver shall exercise its powers, authorities and discretion from time to time in accordance with
instructions made and given by the Lender.
(v) The Lender may from time to time fix the remuneration of such Receiver which shall be paid by the Borrower, or
failing such payment, the Lender may direct payment thereof out of the said Assets.
(vi) The Lender, from time to time and at any time, may require any such Receiver to give security for the due
performance of its duties as such Receiver, and may fix the nature and amount of security to be so given, but the
Lender shall not be bound in any case to require any such security.
13. Limitation of Liability
13.1 Subject to any limitations which may be imposed by Applicable Law and which cannot be waived by contract, neither the
Lender nor any Receiver shall be liable in respect of any loss or damage which arises out of the exercise, or the
attempted or purported exercise of, or the failure to exercise any of their respective rights, powers, authorities, discretion
and trusts that may be vested in the Lender.
13.2 Without prejudice to the generality of Clause 14.1, the Borrower hereby expressly agrees with the Lender that neither the
Lender nor any Receiver appointed as aforesaid shall, by reason of the Lender or such Receiver acquiring or taking over
the right, title, interest of the said Assets or any part thereof, be liable to the Borrower for anything, except actual receipts
which have not been distributed or paid to the Borrower or the persons entitled or at the time of payment honestly and
reasonably considered by the Lender to be entitled thereto, or be liable for any loss or for any default or omission for
which the Lender might be liable.
13.3 The Lender shall not in any way be responsible in respect of the Assets even after acquiring or taking over the right, title,
interest of the said Assets for any loss occasioned by theft, pilferage, robbery, fire, riot, and civil commotion or otherwise
howsoever, whatsoever may be the circumstances or the reasons under or for which the loss may arise, including any
act, omission, negligence, default of any of its servants or nominees or agents.
14. Costs and Expenses
14.1 Legal Fees and Expenses
The Borrower shall pay all legal fees, costs, charges and expenses of the Lender in connection with or incidental to these
presents or this security and incurred as well for the protection and security of the said Assets and for the demand,
realization and recovery of the Outstanding Amounts.
14.2 Stamp Duty and Other Fees on Execution, Registration etc.
The Borrower shall pay all stamp duty, other duties, taxes, fees, penalties or other charges payable on or in connection
with the execution,issue, delivery, registration of this Deed, and any document, act and registration performed pursuant
hereto or thereto in all the territories (as may be applicable).
14.3 Reimbursement Obligations
All reasonable costs, expenses, charges and fees paid or incurred by the Lender in the exercise of any of the rights,
remedies or powers granted hereunder including without limitation, payment of any costs, expenses, charges or fees in
this Clause 14 which shall be for the account of the Borrower, and the Borrower undertakes promptly on demand to pay
the same or, as the case may be, to reimburse the Lender or its agents, representatives, successors and assigns for any
such monies paid by the Lender or any of them with interest thereon at the applicable rate from the date the Borrower
receives notice thereof from the Lender and/or their agents, representatives, successors, and assigns until reimbursed by
the Borrower, and all such costs, expenses, charges and fees shall be added to the Outstanding Amounts and be secured
hereby.
15. Attorney
15.1 Appointment
The Borrower hereby irrevocably appoints the Lender, its authorized signatories as well as each Receiver to be appointed
under these presents to be its attorney or attorneys, and in the name and on behalf of the Borrower, to execute and do all
acts, deeds and things which the Borrower is authorized to execute and do under the covenants and provisions herein
 contained and generally to use the name of the Borrower in the exercise of all or any of the powers by these presents or
by law conferred on the Lender or any Receiver appointed by the Lender and also to execute on behalf of the Borrower at
the cost of the Borrower the powers hereunder or by law conferred on the Lender or any Receiver appointed by them and
also to execute on behalf of the Borrower at the cost of the Borrower such documents and deeds as may be necessary to
give effect to the provisions referred to hereinabove and also for protection, preservation, enforcement and realization of
the security, and the Borrower shall bear the expenses that may be incurred by the Lender or any Receiver in that behalf.
In the Event of Default under the Loan/Credit Facility Agreement, or occurrence of any circumstances in the opinion of
the Lender, endangering the security for the payment of the Loan/ Credit Facility, the Lender and their officers will be
entitled without notice to the Borrower but at the Borrower's risk and expenses and if so required, as attorneys for and in
the name of the Borrower or exercise the rights available to the Lender under clause 10.3 (iii).
15.2 Ratification
The Borrower ratifies and confirms, and agrees to ratify and confirm whatever such attorney shall do or purport to do, and
all acts or things made, done or executed by any attorney as contemplated by Clause 15.1 above.
15.3 Irrevocability
The power of attorney granted by Clause 15.1 (Appointment) is, as regards the Lender and its delegates and any Receiver
(as the Borrower hereby acknowledges), granted irrevocably, coupled with interest and for value as part of the security
constituted by this Deed to secure proprietary interests of, and the performance of obligations owed to the Lender.
16. Application of Monies
16.1 All monies received by the Lender or any Receiver appointed hereunder, whether prior to or as a result of the enforcement
of the security constituted hereunder, shall be applied by the Lender as provided for in the Loan/ Credit Facility
Agreement.
16.2 The Borrower shall be liable to the Lender for any deficiency in the monies received by the Lender.
17. Indemnity
(i) The Borrower hereby unconditionally and irrevocably agrees as a primary obligation that it shall indemnify and
hold harmless the Lender and every attorney, manager, receiver, agent or other person appointed by it against
any loss suffered by any of them as a result of any payment obligation of itself under this Deed being or
becoming void, voidable or unenforceable for any reason (whether or not now existing and whether or not now
known or becoming known to any Party to this Deed).
(ii) The Borrower shall at all times indemnify and save harmless the Lender against any and all losses, costs,
charges, damages, liabilities, suits, claims, counterclaims, actions, penalties, expenses (including attorney's fees
and court costs), which the Lender and every attorney, manager, receiver, agent or other person appointed by it
shall suffer as a result of any breach of the Borrower's warranties, representations, covenants, undertaking or
agreement contained herein.
18. Waiver
18.1 No Implied Waiver or Impairment
No delay or omission of the Lender or any Receiver in exercising any right, power or remedy accruing to the Lender or any
Receiver upon any default hereunder shall impair any such right, power or remedy or be construed to be a waiver thereof
or any acquiescence in such default, nor shall the action or inaction of the Lender or any Receiver in respect of any
default or any acquiescence by them in any default, affect or impair any right, power or remedy of the Lender or any
Receiver in respect of any other defaults, nor shall any single or partial exercise of any such right, power or remedy
preclude any further exercise thereof or the exercise of any other right, power or remedy. The rights and remedies of the
Lender herein provided are cumulative and not exclusive of any rights or remedies provided by law.
19. Communications
19.1 Notices
Every notice, request, demand or other communication under this Deed shall:
(a) be in writing, delivered by hand, or by registered post, acknowledgement due;
(b) be deemed to have been received when delivered by hand, at the time so delivered if during business hours on a
Business Day for the recipient, and if given by registered post acknowledgement due, forty eight (48) hours after
it has been put into post and be sent to the Borrower at its address first hereinabove mentioned and to the
Lender at its office address first hereinabove mentioned, or to such other address as either Party may in writing
hereafter notify to the other Party.
20. Severability
Every provision contained in this Deed shall be severable and distinct from every other such provision and if at any time
any one of more of such provisions is or becomes invalid, illegal or unenforceable in any respect under any law, the
validity, legality and enforceability of such provision in any other jurisdiction and of the remaining provisions hereof shall
not be in any way affected or impaired thereby.
21. Governing Law and Jurisdiction
21.1 This Deed shall be governed by and construed in accordance with the laws in India.
21.2 The Parties hereto agree that all disputes arising out of and/or relating to this Deed including any collateral document
shall be subject to the exclusive jurisdiction of a competent court in Jaipur and that accordingly any suit, action or
proceedings (referred to as "Proceedings") arising out of or in connection with this Deed may be brought in such courts
or the tribunals and the Borrower irrevocably submits to and accepts the jurisdiction of those courts or tribunals.
21.3 All matters, questions, disputes, default, differences and/or claims arising out of and/or concerning and/or in connection
and/ or in consequence of breaches, termination or invalidity thereof or relating to this Agreement, whether or not
obligations of either or both parties under this Agreement be subsisting at the time of such dispute and whether or not
this agreement has been terminated or purported to be terminated or completed shall be settled by arbitration in
accordance with the provisions of Arbitration and Conciliation Act, 1996 or any statutory amendment thereof and shall
be referred to the sole arbitrator to be nominated by the Lender/Bank. The award given by the sole arbitrator shall be final
and binding on all parties to this Agreement. The seat of arbitration shall be Jaipur, Rajasthan and the cost of arbitration
shall be solely borne by the Borrower. In respect of the matters where it is determined in an arbitration proceeding
conducted in accordance with the preceding paragraph that (i) the arbitration proceeding provided in such paragraph is
unenforceable; or (ii) the subject matter thereof is non- arbitrable under the Indian Arbitration and Conciliation Act 1996,
as amended, in such a situation, courts in Jaipur, India will have exclusive jurisdiction in relation to such matters, each
party irrevocably waives any right it may have to object to an action being brought in any of those courts, to claim that
the action has been brought in an inconvenient forum or to claim that those courts do not have jurisdiction.
22. Termination
This Deed shall be satisfied and discharged when all Outstanding Amounts and liabilities in connection therewith owing
to the Lender shall have been fully repaid by the Borrower, and all commitments in connection with the Loan/ Credit
Facility Agreement have been fully honoured including but not limited to the repayment of the following by the Borrower
to the Lender in full, and:
(i) reasonable costs, charges, fees and expenses (including legal and other fees on a full indemnity basis and all
other out- of- pocket expenses) incurred by the Lender or the Receiver or their advisers in connection with the
preparation, execution and delivery of this Deed, in exercising any of its or their rights or powers hereunder, in
suing for or seeking to recover any sums due hereunder,otherwise preserving or enforcing its or their rights
hereunder, in connection with the preservation or attempted preservation of the Assets, in defending any claims
brought against the Lender or the receiver in respect of this Deed and/or in discharging this Deed, have been paid
to the Lender; and
(ii) all remuneration payable to the Receiver, has been received by such Receiver.
23. Amendment
No change to or modification of the terms of this Deed shall be valid, binding or enforceable unless the same is in writing
and signed by the Parties hereto.
24. Assignment
The Lender shall be free to assign it rights and obligations hereunder or any part thereof, without any reference or
recourse to the Borrower.The Borrower shall not transfer its rights and obligations hereunder or any part thereof to any
third party.
25. The date of execution of this Deed shall be the date as mentioned in Schedule I. In case the date is kept blank under
Schedule I of this Deed and the document is digitally/electronically signed, the date of execution of this Deed shall be the
date when the Deed was last signed digitally/electronically by either party (“Last Digital Date”). With respect to date of
execution of documents executed in relation to the Loan/Credit Facility, the same understanding shall be applied where
the document is to be signed by more than one person.
26. The Borrower hereby irrevocably agrees and consents to electronic and/or digital stamping and/or execution of this Deed
and related documents in any manner as deemed fit by the Bank including but not limited using Aadhar or One Time
Password (OTP) or Biometric based authentication or USB token based Digital Signature Certificate (DSC).
27. The Borrower hereby irrevocably agrees, consents and authorizes the Bank to use the Borrower’s/ authorized signatories’
Aadhaar details and core biometric information to authenticate and verify the Borrower/ authorize signatories. The
Borrower hereby irrevocably agrees and consents that by entering the OTP and/or providing the fingerprint impression
(Biometric KYC) of the Borrower / authorized signatories, it shall be treated as implied and voluntarily consent of the
Borrower / authorized signatories to the Bank to validate the PAN and use the Aadhaar details for Aadhaar biometric
authentication and the Borrower hereby authorizes the Bank to fetch the Borrower’s/ authorised signatories’ personal
details from National Securities Depository Limited (NSDL) and from Unique Identification Authority of India (UIDAI)
respectively.
28. The Borrower hereby irrevocably agrees, consents and accepts that the Deed and related documents may be executed/
digitally stamped/stored through the e-platform/digital platform of the Bank or of /through any vendor/s appointed by
the Bank and also accept terms of such platform related to execution, e- stamping, data storage etc. The Borrower
accepts that the documents accepted and/ or executed on such e- platform/ digital platform, shall be valid and binding
upon the Borrower and can be relied upon and used by the Bank as a proper form of evidence and the undertakes not to
raise any dispute or question as regards the terms and conditions accepted thereon and as regards the documents
executed on the electronic/digital platform. The Bank or such third party vendors shall be entitled to collect all data of
the Borrower relating to IP address, location of the computer or other instrument used for execution and video recording
for confirming the transaction.
29. The Borrower hereby irrevocably agrees and accepts that any communication received and/or sent from the Bank /third
party vendors/ agents etc. appointed by the Bank, whether by way of an SMS, email etc. on the registered mobile
numbers/email id(s) of the Borrower/Borrower’s authorized signatories available with the Bank shall be treated as valid
and binding upon the Borrower. The Borrower also agrees consents and accepts that the Bank shall be at liberty to treat
the registered mobile number/ email id of the Borrower/ Borrower’s authorized signatories as valid and permitted cell
number /email id for communication.
30. That disbursement of the Loan/Credit Facility into the account of the Borrower would be implied consent of the Borrower
to avail the Loan/ Credit Facility and to abide by all terms and conditions of the Deed and related documents and the
 same shall be valid and binding upon Borrower and no dispute shall be raised as regards the authority of the authorized
partners/signatories or otherwise in respect of the documents executed in favour of the Bank.
31. The provisions mentioned in clause 25-30 shall apply to all the documents are digitally executed by the Borrower and/or
Co-borrowers in relation to the Facilities.
32. The Borrower hereby confirms, acknowledges and agrees that the online acceptance of this Deed including any
addendums hereto through the Website or such other internet or web-based means results in a binding contract between
the Parties.
33. The Borrower is aware that transmission of this Deed, addendums to this Deed, terms and conditions, instructions,
acceptances and communications (‘Communications’) through electronic means such as email, facsimile, SMS text
messaging, WhatsApp, websites, online acceptance, etc. (‘Electronic Media’) involves a number of risks including
fraudulent alterations and incorrect transmissions and absence of confidentiality. However, the Borrower is desirous of
receiving Communications from and providing Communications to the Bank through the Electronic Media for various
matters under this Deed including in relation to the Loan/Facility and the operation thereof.
34. In consideration of the Bank permitting the same, the Borrower hereby irrevocably, confirms and undertakes to the Bank
as under: (a) The Bank shall be entitled (without being bound to do so) to rely upon the Communications provided
through the Electronic Media (and believe the same to be genuine), for their requirements. In case of any question as to
what Communications were provided or received, the records of the Electronic Media received by the Bank shall be
treated as final, conclusive and binding. (b) The Borrower has ensured and shall ensure that the Communications
provided through the Electronic Media to the Bank are provided by the Borrower and hereby agrees and confirms that the
Bank shall not be responsible for conducting any verification whatsoever in this regard. (c) The Borrower confirms that
the Bank shall not be bound to act in accordance with whole or any part of the communications as it may appear in the
Communications so conveyed and the same shall be at the sole risk of the Borrower. (d) The Bank shall not be liable for
the consequences of any act or any refusal or omission to act or deferment of action by the Bank on basis of the
Communications through the Electronic Media. (e) The Bank shall not be required to await receipt of the
Communications in writing before taking any action in connection with the Communications provided through any
Electronic Media and the non- delivery and non- conformity of such Communications in writing shall not in any manner
prejudice the Bank’s rights under this Deed or otherwise. (f) The Bank may at any time whatsoever without assigning any
reason withdraw or modify or add the facility/ ies provided to the Borrower in relation to the Communications through
Electronic Media. (g) The Borrower is aware and confirms that the Bank is agreeing to act on any Communications
provided through Electronic Media only by reason of and relying upon the undertaking and indemnities contained in this
Clause.
 DECLARATION

The Borrower acknowledges to have read and understood all the foregoing terms of this Deed, and the Schedule to this Deed and
is affixing its signature (physical/ digital as the case maybe)/ thumb impression/ common seal on the last page of this Deed
evidencing the same. The Borrower further agrees and confirms that the Parties shall not be required to sign at each page of this
Deed and the signatures at the last page of this Deed would be sufficient for the purposes of this Deed.

Borrower confirms that whatever has been stated hereinabove in this Deed is true and correct to the best of its knowledge and
belief and the Borrower has entered into this Deed voluntarily, with full knowledge of its effect and signing of this Deed at the last
page shall be construed as signing of each and every page of this Deed.

SCHEDULE - I

S.No Details Particulars Description

1. Execution Details Place: Jaipur_Gopalpura_Asset Center
9000
Date: 02/07/2025
2. Details of Borrower Name: Ram Patil
Address: sodala, mansarovar, Ramgarh,
Alwar, KARAULI, RAJASTHAN,
322252.
3. Details of Sanction Letter Ref No 270 and date 27/06/2025
Amount of Loan/Credit Facility Rs. 9,00,000
Loan Agreement Date: 02/07/2025
4. Description of Assets Hypothecation of the assets
created out of bank finance.
5. Ranking of Charges

IN WITNESS WHEREOF the Borrower hereto has executed this Deed on the day and year hereinabove written.

For the Borrower

Signed and Delivered by the above-mentioned Borrower/Authorized Signatory
Name: Signature:
On behalf of the within named Borrower
For AU Small Finance Bank Limited
Signed and Delivered by its Authorized Signatory/Constituted Attorney
Name: Signature:
On behalf of the within named Bank/Lender
 DECLARATION IF THE BORROWER(S)/CO-BORROWER(S)/GUARANTOR(S)/MORTGAGOR(S) SIGNS
INVERNACULAR LANGUAGE

The contents of the Loan Application, Sanction Letter, Loan Agreement, power of attorney, memorandum of deposit of title deeds,
declaration, promissory note and terms and conditions in other documents such as Letter of Guarantee and any other related
ancillary documents have been explained by me to the applicant/ co- applicant/ guarantor/ mortgagor in
________________________________ (name of language in which applicant/co-applicant/guarantor/mortgagor has signed) and the
same have been understood by the applicant/co-applicant/guarantor/mortgagor
For the Borrower
Name: Signature:

For the Co-Borrower

Name: Signature:

For the Guarantor

Name: Signature:

For the Mortgagor

Name: Signature:

For AU Small Finance Bank Limited

Signed and Delivered by its Authorized Signatory/ Constituted Attorney
Name: Signature:

On behalf of the within named Bank