JHRSON FuNANLAAL 3 § & loo LETTER OF PLEDGE (For Dematerialized Collateral Securities) z Sr so WA ptr onc feces Ms She Manager & axis Bonk tid. {5 for Branch. Copital Market DWsion EB seevan Prokosh Building, Si P. M. Rood ‘8 ort, Mumbo ~ 40000) SEL SIGNATORY RI Deor Si, veickatt agoins! Dematetialzes Securities) Securities for credit facily sonctioned to us 1. We have been sanctioned fund bosed facitty vide letter no. AXISB/CAP/KT/GM/14:1 R ated Apt 3, 2014 by you in the form of Overdraft against Non SLR Securities for '50.00,00,000/- (Rupees Fity Crote Only) against the pledge of approved demat Non Secuities . The margin stipulated in the Said sonction os a secuily / Collateral secures wate in the for of approved Nen SLR Secuities in demoteriaised form. We, os Pledgors, hae oteed to pledge the required Non SLR Securities in demat form, in your favour towdgs Socutly for the overcraft faciity as per the terms and condiions stipuiated in the {ic sanction, ANLIAL SERVICES (P) TD, + Non SLR Secuities + Others (please specity) coe 000 owes Yeried to os “securities” and more fully desctibed in the schedule herelazdily SS Colactvely ret firm tha! the some belona/s to me/us absaivfely =3 trenslered / orsigned in your favour and con oad son ate no one else hos ony lien over the same and no prior charge of whotever ntue <> Ghd to any extent nos been executed, aso contim having execuied ond delivered 18 you = Demand Promissory Note for Rs. $0,00,00,000/- (Rupees Fity Crore Only) on _ 2918" Comection withthe soid financial assistance £5 3 a2 8 © ine portes mutual agree nolwithstancing the fact hat the Letter of ledga is execuiedsrAhest Gale of mantoned above, Ine pledge and of acknowedgments made of the tems Gnd FA cancion pr fo the execution o hs ogreemert in terms of the sanction leer ond ofp Glee acknowledging te depot ond pledge of Non SLR Secuties sued by us shal Be B omed o: forming part of ths agreement and shal be consved os executed pursuant 19 Ne 3 cgrecmont and that away be read in conjunetion wih the terms and conditions of ths yy UD. ‘agreement, INCIAL SERVICES the Pledgors hereby deposit Non SLR Securities in demoterialsed form with the Bank together with the Pledge forms with an intention to create the pledge thereon, as and when Gemanced by the Bank and te be held by the Bank as securily for the payment by the company / borrower of.gil the amounts due and payable in respect cf the above crecit (CAL up. e TIPSOM IR | AUTHORISED SIGNAY -“\ xy Ss 8 See) Sleatcna ultra tity ht troy become cue on tne Bank. 17 We Pedi seer Spe way of pledge the foloung secures n Demat n demotetoized form e@e3 javasaiv CoiNve RIVDIVS SRIOUN NYLAN Dia ake 836ETI] AMTHORISED SR focity 14. The said Non SLR Secutties are pledged to the Bank fo secure as a continuing secutly for he payment of any dues under the above fociily and or payment of all other moneys that may Become due and payable by the company to the Bank ond aso all charges. costs, expenses poyable by and incuned by the Bank and wiich is due from us under the above, facies 5, The charges hereby created shall extend to ond include ail Non SLR Securities accruing or bitesed to the Pledgos for is aecount at any time by way of rights, bonus in respect of ony Of the said Non SLR Securities for the time being comprsed in the said Pledge and the Pledgor shall fake all requite steps and sign and give all requisite authorsation to secute fhe golvary of fhe Non SLR Secures in demoteriaized form cecty fo the Bank. In the tke manner the charges hereby created shall extend to and include and the Pledgoss shall Secure ond effect the payment or dalvery in dematerialzed form to the Bank of of Moines Shulor properly accruing or offered in respect of any of the said Non SLR Secuiiies by way of rights bonus, redemption or repayment of the capital or cistioution in fquidation and the Bank may apply any such property cs secu for the fabilly t0 i. |The Pledigors confi thot the Non SIR Securities which will be pledged by suomission of Toquest for pledge of Non SLR Securties from time fo ime for the purpose of securing sald Credit focitly ore shal form pan of this agreement from time to time as may be added. ‘Gmended or modified and of which Non SLR ecules. the pledge is created trom time 10 {ime shall be bound by the terms of this agreement and all ine rights as available 10 the Bank items of the said pledge in demateratzed form. The Bank shall have the right to add. Gelete or omend the same from time 19 time and the same if dene by the Bank shail be binding on the Pledger. 1. Notwithstanding the above, Pledgor confems and accepts the fact that in case of any Getaut er ony labilty ccrues to the Bank from the Pledgor / borrower toword the dues of {he facility granted under its agreement, the Bonk shal be at liberty to extend is len over those Non SLR Secutias, which may not be necessctly pledged with the Bonk and on those Non SLR Securities which may be ing with the Bonk os fee Non SLR Securities in the Gepostoyy account Kept by the Pledgor with the Bank and or any other depository poricipont. in such on event any letter sued by the Bank informing the extension of the Biedge over those Non SLR Securities shall be binding on the Pledger/Dorrower. ‘he said secuiy/ies shall continue fo be avaiable to the bank os such even if there is not ‘ouistanding liabilly to bonk and / or overdraft account runs into credit / i reduced or tetingushed at any time or from time to time. It expressly agreed ond understood that the soid fecitty ond any other dues payable by ledger / borrower including ail chorges expenses etc. shall camy interest atthe rate with o Iminimum of Base Rate + 2.25 % p.a. (payable monthly) cr such other rate the Bonk may tk {rom fime fo time. compounding payable with monthly rests, as per the terms of sanction, I/We agiee thot the Bank nes the right to recall he entire facity ot the absolute discretion of the Bank at any time without futher reference or notice to pledgor / borrower, 11. In event of detauit in requlatizing or in clearing the account by the me/us as spectied herein Gbove, We ore agreeable for payment of additional interest at cn overdue rate of 2% pc.13 16. we. 18 W. obove the maximum rate of interest of the bank that is charged from time to time and is Bovable on the advance trom the date of such default fil the date of regularzation of he ‘account. | The Bank shal! be entitled to hold and adjust the proceeds of this secutty towards the schaige of any other Eebilly/ies payable by me J us in respect of advance / Francia! GSistonce granted ond owing by me / us f0 the Bank in any of ts branches whether solely Jointly with other/s wether 6: a principal debtor or as surety of 05 Go-obiigONt we a0 authorise that the Bank may, without being under any obligation to do 30, debit the instalments / interest [charges to my / out eperating account and I/We undertake 10 eke ovaloble sufcient funds i the cecount(s forthe soid purpose. Futther. in the matter of making payments towards ths or acknowledging this debt or ony Bart thereof of and when called upon by the Bonk fo do so for the specific purpose of Saving litation, We authorise anyone ot more of us 10 act as agent on Beha of any one or mere of us Tor the purpose of moking payment to the overcratt account and giving Glenowecigment of debi ftom time to fime. Accordinaly I/We deciare that the poyment Scknowledgment made or given by any one of more of us shal save Kmitation against all of Us joinly cna severaly for the purpose of Law of Limitation, We expressly agtee for computation of interest on daily debit balance end application of interest on bosis of sanction in my/our overdraft account, I/We hereby authorise the Bank to increase the rate of margin at is cbsolute discretion trom fime to fine. Further, We agree to regulatse the account os and when intimation is given 05 toincrease in margin stipulation. | We hereby undertake that I/We shail use the amount only for the purpose for which it Jonelioned ond shall not use the amount or any port there! of any purpose other then or which iis sanctioned. Further, |/We agree that If the bank suspects er Nas reasons to beteve hot I/We hos /nove violated or is violating this undertaking the bank may recall thal loan ‘Grnount of any port therect af once notwinstancing anything fo the contrary contained in this undertaking, We hereby agree that the Non SLR Secuties, sued in leu of debentures at the time of Conversion shall culomaticaly be considered os pledged or be deemed to have Deen pledged 6s secutty for the above advance and execute al necessary documents for the purpose, Ie hereby agiee to pledge with the Bonk addtional approved secuities of sufficient orke! value from fime to fme. and or lepost sufficient funds in my / our overdratt account, fo a: 10 mointain tne balance for jime being due to the Dank for Principal, interest and ‘Charges in respect of such overcratt account at sum not exceeding The previous day's closing price of Fidy's closing price whichever is lower and no single sctip shall account for move than 35% of the aggregate vaive of the Non SLR Securities pledged. If any approved sono exceeds 25% Of the Total valve of the secutlies pleages, @ higner margin of $0% wil be Gpplcable on such sefip & The secuiiias willbe morked to marke! daily and the shor fal in margin ony wil be regularsga thin 2 days, falling which the bonk reserves its nght 10 enforce the secunties. (CIAL SE (pup. oR) SIGNATORY 4¢ . ( borsIAL DERVILES (Fy IV. 20, The Bonk shal furiner be at liberty but not obliged te do so. ot any time to exchange the Non SLR Secunties debentures / units pledged wilh ransferted fo the Bank for another approved Non SLR Securiies / debentures/ units os securities of at leost equal vaiue and the Non SLR Securities / debentures and secusties 0 exchanged or pledged os adeltional secunties shall ‘be subject fo al the terms of this undertaking. If any loss or damage is or wil be suffered by me/us, the Bonk shall ne! be liable to bear any part of it. /We further agree that ary such Ubstilution ond Jor felease and /or addition of securities shall be elfected ot the sole Gscretion of ine Bank and the necessary charges for such substittion/ release/ adcition of Secures, may be debited fo my/ our operating account That if the advonce is not pod on demand, the Bank may take all steps necessary to hagotiate the securities hereby offered or held at any time or ranster/ assign or reassign the Jane tor consideration considered te be feasonable and appropriate the net amounts caress clicharge of the labillies in the accounl/s wih the bank ot any of its branches Should there be any shortfall |/We hereby undertake to pay the same with interest at the role denotes above on demand by the Bank 22. the security held on the terms of this undertoking shall act as a continuing secutly for Ulimote bolanee of oll moneys that may be cue ffom me/ us fo the Bank. Neither tne said ecutty nor this undertaking shall be Corsidered as terminated by reason only of the fepoyment of ony particulier advance or by any change in the constitution by death er Sthewise. Any substitution of the secutly shall be given by this undertaking or subject to the terms of ths undertaking, 123, Al the terms ond conditions of this undertaking shal be truly and tuly binding on my/our legal representotives, executors, administrators and assigns, IRECTO: ObigorAuihorsed SoRETEN THE COMMON SEAL OF: of | Hereunto aftixed Pursuant fo the resolution of its Board of Directors passed at the /Atipsons Financial Services Fv. td, y Meeting held on the © doy of __ inthe presence of Meds Mr tM Place: Dote: