COMMERCIAL VEHICLE / EQUIPMENT LOAN AGREEMENT

CUSTOMER NAME : _________________________________

_________________________________

LOAN AGREEMENT NO : _________________________________

9906/24.03.2017

COMMERCIAL VEHICLE /

EQUIPMENT LOAN AGREEMENT

PARTICULAR Signature PAGE NO.

Loan Agreement / Schedule S1-S4 1-17

Key Fact Statement 18

Customer SI Debit Authorization Form S5 19

Irrevocable Power of Attorney S6 21-22

Priority Sector Advance declaration by customer availing loan S7 23-24

Forex Unhedged Exposure Letter S8 25-26

INSTRUCTIONS FOR FILLING LOAN AGREEMENT

1) AllapplicationstobelledinEnglishinCAPITALLETTERSusingaBlackBallpointpenonly.

2) Thereshouldnotbeanyamendments/overwriting/erasures/cuttingontheLoanAgreementandany

amendments/overwriting/erasures/cuttingshouldbeundersigned.

3) The Signature of Borrower and Co-Borrower should be the same on the Loan Agreement &

Application Form.

4) FullSignatureoftheBorrower/Co-Borrower/GuarantoristobedoneinallplacesmarkedinGreyBoxin

theLoanAgreementBookletBlackBallpointpenonly.

5) Thereare8signaturestobedonewhichhasbeennumbermarkedfrom S 1 to S 8

6) Optional Documents / Signatures :-

 • PSLDeclaration(S7)–OnlytobesignedifapplicantcomesunderPrioritysectorlendingcategory.

RTO Booklet

ThefullsignatureoftheBorroweristobeputinallplacesonRTODocumentwherethereisaMark

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TC99060001

AGREEMENTFORLOANANDGUARANTEE

ThiscompositeAgreementfor Loanandguarantee ismadeon thedateand attheplace mentionedinthe Schedule

hereunderwritten,BETWEEN

1. The‘Borrower’,thedetailswhereofarestatedintheSchedulehereunderwrittenoftheFirstPart.

 AND

2. The‘Guarantor’,thedetailswhereofarestatedintheSchedulehereunderwrittenoftheSecondPart.

 AND

3. HDFCBANKLIMITED.,abankingcompanywithinmeaningofCompaniesAct,1956havingitsregisteredOfce

atHDFCBankHouse,SenapatiBapatMarg,LowerParel(West),Mumbai400013andaBranchOfceinIndia

attheaddressmentionedintheSchedulehereunderwrittenhereinafterreferredtoas‘‘theBank’’(whichexpresslon

shall, unless repugnant to the context or meaning thereof, shall be deemed to mean and include its successors

andassigns)oftheThirdPart.TheBorrowerandtheCo-Borrowershallunlessitisrepugnanttothecontextor

meaningthereofjointlyreferredhereinafterastheBorrowers.

WHEREAS:

TheBorrower(s) hasapproached theBank toavail ofa loanto beextendedtotheBorrowerfor/againstanyofthe

following purposes and the

Guarantor(s)has/haveagreedtoguaranteethesaidLoan.

(a) PurchaseofnewAssetalongwithallaccessoriesandanyincidentalexpenses.

(b) Renanceontheoldasset/PurchaseofanoldAssetwithallaccessoriesandanyincidentalexpenses.

(c) ThepurposeforwhichtheloanisgivenisspeciedintheSchedulehereunderwritten

AttherequestoftheBorrower(s)and/ortheGuarantor(s),theBankhasgranted/agreestogranttheloanrequestedfor,

uponthefollowingtermsandconditionswhichhavebeendulyacceptedbytheBorrower(s)andGuarantor(s)jointlyand

/orseverally.

IT IS HEREBY AGREED BY AND BETWEEN THE PARTIES HERETO AS UNDER:

1. DEFINITIONSThetermsandexpressionscontainedinthisAgreementandspeciedinthe“Schedule’’arebriey

denedasunder.

1.1. ‘‘BORROWER.’’ ‘‘Co BORROWER” shall mean and include where the context admits and subject as

hereinafterprovided,(a)incasetheBorrowerisanindividual/soleproprietaryconcern-thehers,executors

legalrepresentativesandpermittedassignsoftheindividual/soleproprietor;(b)incasetheBorrowerisa

partnershiprm-thepartnersforthetimebeingandfromtimetotimeofthepartnershiprm,thesurvivoror

survivors of them, their respective heirs, administrators, executors, legal representatives and permitted

assignsand(c)incaseoftheBorrowerbeingacompany-itssuccessorsandpermittedassigns.

1.2 ‘‘CityofRegistration”Inrelationto:

(a) NewAssettobeacquired,shallmeanthecitywheretheAssetistoberegistered,ifrequiredand

(b) Used Asset acquired or to be acquired, shall mean the city or town where such Asset is registered, if

required,withtheRegisteringAuthorityoranyothercompetentauthorityfornonregisterableassets.

(c) NewNonRegisteredassets,shallmeanthecitywheretheAssethasbeenpurchased,ifrequired,withthe

RegisteringAuthorityoranyothercompetentauthorityfornonregisterableassets.

1.3 ‘‘Asset/sorHypothecatedAssets’’shallcollectivelyorotherwisereferredspecicallyforcontexthereinshall

mean certain equipment, machinery and / or vehicles used in construction activity and / or in support of

construction activity and/or mining activity and / or material handling activity and / or Industrial activity and

/oranymotorvehicletobeownedandacquiredbytheBorrower(s)inrespectofwhichtheLoanistobe

made as acceptable to the Bank, which is to be owned by the Borrower(s) or which is owned by the

Borrower(s)andagainstthesecurityofwhichtheBankhasgrantedtheLoan.

1.4 “Clause”shallmeantheclauseinthisAgreement.

1.5 “Corporation’’shallmeananybodycorporateconstitutedorincorporatedunderanystatute.

1.6 ‘‘Documents’’or‘‘CollateralDocuments’’shallmeanthisAgreementandsuchotherdocumentsincidental

heretoand/orcontemplatedhereby,whichtheBorrowerhasfurnishedtotheBankand/oronwhichthe

BankhasreliedupontoextendthisloanfacilitytotheBorrower.

1.7 “FeesandCharges’’shallmeanandIncludeProcessingCharges,ServiceCharges,Pre-paymentCharges,

Cheque Bounce Charges, Late Payment Charges, Cheque Swapping Charges, Loan Reschedulement

Charges,ValuationCharges,LoanStatementCharges,LoanCancellation&RebookingCharges,Stamp

DutyandotherStatutoryCharges,NOCIssuanceCharges,LegalCollection,Repossession&Incidental

ChargesTransactionFeeandotherchargesandallotheramountsreceivablebytheBankhereunder,but

notlimitedtothosespeciedherein.

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TC99060002

1.8 “Guarantor(s)shallmeanandinclude,wherethecontextadmitsandsubjectashereinafterprovided,incasetheGuarantor(s)isanindividual

/ sole proprietary concern - the heirs, executors, legal representatives and permitted assigns of the individual / sole proprietor; (ii) in case the

Guarantor(s)isapartnershiprm-thepartnersofthetimebeingandfromtimetotimeofthepartnershiprm,thesurvivororsurvivorsof

them,theirrespectiveheirs,administrators,executors,legalrepresentativesandpermittedassignsand(iii)incaseoftheGuarantor(s)being

acompany-itssuccessorsandpermittedassigns.

  ProvidedthatwheretherearemorethanoneGuarantors,theabovetermshallmeanandincludeallthepersonsstatedabove,depending

onthestatusofeachsuchGuarantor.

1.9 “Installment/s’’ShallmeantheamountsofperiodicpaymentstobemadebytheBorroweraspertheschemeselectedbytheborroweras

speciedinitemno.11oftheschedulehereunderwritten,necessarytorepaytheloanInclusiveofinteresttaxandotherduesovertheperiod

oftheloan.

1.10 “LendingOfce”inrelationtotheBankshallmeanthebranchofceoftheBank,fromwheretheloanissanctionedand/ordisbursed.

1.11 “Loan’’shallmeantheloanamountprovidedhereinandtheSchedule.

1.12 “LatePaymentFees”shallmeanthefeesassessedforapaymentdelayedbeyondtheduedateoftheinstallmentsandasspeciedinthe

schedulehereunderwritten,whereapplicable.

1.13 “PostDatedCheques”(PDCs)shallmeanthepostdatedchequesdrawntomatchtheduedateofeachinstallment,onrequestandifso

requiredbytheBank.

1.14 “Prepayment”shallmeanprematurerepaymentoftheloanamountandotherchargesunderthisAgreement,asperthetermsandconditions

laiddownbytheBankinthatbehalfandinforceatthetimeofrepayment.

1.15 “RateofInterest’’shallmeanthexedrateofinterestortheBPLRLinkedInterestRate;referredtointheSchedulehereunderwritten,as

maybeagreedtobeappliedontheLoanbytheBankattherequestoftheBorrowerand/ortheGuarantor(s).

1.16 “Repayment’’meanstherepaymentoftheprincipalamountoftheloan;interestthereon,commitmentand/oranyothercharges,Insurance

(whenapplicable),premium,feesand/orallotherduespayableintermsofthisAgreementtotheBankandmeansinparticularrepayment

asprovidedinthisAgreement.

1.17 “Sub-Clause”unlessotherwisestated,shallmeanthesub-clauseoftheclauseinwhichthereferenceappears.

1.18 ‘‘AutomatedClearingHouse”(ACH)adebitclearingservicenotiedbyReserveBankofIndiaparticipationwhichhasbeenconsentedtoin

writingbytheBorrowersforfacilitatingpaymentofInstallments.

1.19“StandingInstruction”(SI)writteninstructionsissuedbytheBorrowerstotheBanktodebittheaccountoftheBorrowersmaintainedwiththe

BankforfacilitatingpaymentofInstallments.

2. LOAN AMOUNT, INTEREST AND CHARGES

2.1TheBankherebygrants/agreestogrant,totheBorrower(s)aloanfacilityintheaggregateamountattherateofinterestasstatedinthe

SchedulehereunderwrittenonthetermsandconditionshereinsetforththroughitsLendingOfce.TheBankinitssolediscretionwouldbe

entitledtomodifyandvarythesaidrateofinterestfromtimetotimeincludingonaccountofchangesininterestratesmadebytheReserve

BankofIndiafromtimetotime.Intheeventrateofinterestismodied,theninsucheventinterestwouldbepayablebytheBorroweratthe

revisedrateofinterest.TheBorrowershallkeephimself/herself/itselfadvisedofthevariationsfromtimetotime.TheBorrowershallalso

payandbearallinteresttaxandothertaxesasmaybeapplicable,ifany.

2.2TheBorrowershallpaytotheBankFixedInterestRateortheBPLRLinkedInterestRate,whichtheBankmayagreetoapplyontheLoan

attherequestoftheBorrower/sand/ortheGuarantor(s)asmentionedintheSchedulehereunderwrittenprovidedthattheinterestpayable

bytheBorrowerand/ortheGuarantor(s)shallbesubjecttothechangesininterestratesmadebytheReserveBankofIndiafromtimeto

time.Theinstallmentscomprisesofprincipalandinterestcalculatedonthebasisofreducingbalanceofprincipalattherateapplicableand

isroundedofftothenextrupeeInterestandanyotherchargesshallbecomputedonthebasisofayearofthreehundredandsixty(360)days

orthreehundredandsixtyve(365)daysasthecasemaybe.Thepaymentscheduleoftheinstallmentsinrespectoftheloanisgivenin

theschedule.

2.3In theevent,at the requestofthe Borrower and /or the Guarantor(s), theBankgrants the Loan attheBPLR Linked InterestRate,as

computedinamannerasprovidedbelow,theBorrower/sand/ortheGuarantor(s)conrm,agreeandundertakeasfollows:

2.3.1The BPLRLinkedInterestRateshallbecomputedinamanneras describedin theschedule hereunderwritten. Forthepurposeofthe

computationoftheBPLRLinkedInterestRate,theBenchmarkPrimeLendingRate(BPLR)meanstheinterestrateannouncedbytheBank

fromtimetotimeforlendingpurpose.

2.3.2TheBorrowerand/ortheGuarantor(s)hasfullyunderstoodthemodeandmannerofcomputationoftheBPLRLinkedInterestRate,asmore

particularlydescribedinthescheduletothisAgreement.

2.3.3 TheBorrowerand/ortheGuarantor(s)willbechargedBPLRLinkedInterestRateonmonthlyrestbasisandthesamewillbepayableon

monthlybasis..

2.3.4UntiltheBPLRLinkedInterestRatevariesinaccordancewiththetermsofthisschedule,theBPLRLinkedInterestRateapplicable

toloanunderthisAgreementshallbetherateasspecifiedintheschedulegivenbelowinthisAgreement.

2.3.5TheBPLRLinkedInterestRate(withoutanypriorintimationtotheBorrower)mayvaryfromtimetotimeanduponsuchrevision,theBorrower

and/ortheGuarantor(s)agreesto paythe revisedrateofinterestand/or installmentsas maybe applicableandtheBankmaysend

appropriatecommunicationtotheBorrowerand/ortheGuarantor(s),induecourseoftimeforsuchchangeinrateofinterest.

2.3.6In ordertowork out suitableinstallmentstobe paid bytheBorrower and /or the Guarantor(s)towardsrepayment of theloanunder this

Agreementandpaymentofinterest,theBankhasadoptedareasonableandproperbasisandtheBorrowerand/ortheGuarantor(s)agrees

topaysuchinstallments.

Page 3 of 26

3/19 3/19

2.3.7Inthecaseofanyvariation,adjustmentintherateofinterestasperthisagreement,thenumberofinstallmentsandtenureoftheloan

underthisAgreementmayvaryaccordingly.TheBorrowerand/ortheGuarantor(s)agreesandundertakestoforthwithissuefreshPost

DatedCheques,freshStandingInstructions,andfreshinstructionsforACHforthechangeininstallmentsontheloanamountunderthis

Agreementandtenureoftheloanasapplicable,withinoneweekonreceiptoftheintimationfromtheBankorapproachedbyBank’s

appointedagencies.

2.3.8Changesto theBPLRduringthecalendar month/quartershallnot affecttheinterestpaymentofthecurrentmonth.Forthepurposeof

computation,theprevailingBPLRatthebeginningofeverymonth/quartershallbethebasisforcomputingBPLRLinkedInterestRatefor

suchmonth/quarter.Forthepurposeofthisclause,thebeginningoftheeverymonth/quartershallbethe1stofeverymonth/quarter.

2.3.9TheBPLRLinkedInterestRateshallberesetbytheBankbasedonthethenprevailingBPLR.Thereafter,theBPLRLinkedInterestRate

applicabletotheamountoftheloanunderthisAgreementwillbeappliedbytheBankonandafterthedatesoincludedbytheBankon

whichsuchresetwouldapply.

2.3.10SaveandexceptasprovidedhereinbelowinClause2.3.11,theEMIisintendedtobekeptconstantirrespectiveofthevariationsintheBPLR

Linked Interest Rate and therefore theEMI(s) is not likely to vary.In case of variation of the EMI(s),intimation will be provided to the

Borrower.

2.3.11Notwithstandinganythingtothecontrary,theBankshallbasedontheBPLRLinkedInterestRateappliedontheloanunderthisAgreement,

haveright,toincreasetheEMI(s),inthefollowingcircumstances:

(a)IftheEMI(s)wouldleadtoanegativeamortizationi.e.wheretheEMI(s)isnotadequatetocovertheinterestinfulland/or,

(b)IftheprincipalcomponentoftheEMI(s)isinadequatetoamortizetheLoanwithinsuchperiodasmaybedeterminedbytheBank.

2.4Ondelayintherepaymentofinterestand/oranyotherrepaymentbytheBorrowerbeyondsuchrepaymentduedate,theBankshallbe

entitledtochargeanadditionalinterest@2%p.m.orsuchotherrateasmaybespeciedbytheBankfromtimetotimeontheentiresuch

outstanding amount,whetherof loan, interestorany other charges payablehereunder.The aforementioned charge would not affect the

obligationofstrictcornpliancewiththerepaymentschedule.Thepartiesheretoexpresslyagreethattimeistheessenceofthecontract.

2.5AllpaymentstobemadebytheBorrowertotheBankunderorintermsofthisAgreementshallbemadebychequedulycrossedandmarked

‘A/cPayeeOnly”andthecollectioncharges,ifany,inrespectofallsuchchequeswillbegintoaccrueinfavouroftheBankasandfromthe

dateofissuanceof thechequeirrespective ofthetime fortransit/collection/ realization/ofthechequebytheBorrowerorhisbank.The

Borroweragree/storeplacethecheques/issuefreshchequesifrequiredbytheBank.

2.6Anydishonouringofcheque/revoketheSI/ACHInstructions,wouldmaketheBorrowerliabletoaatchargeandincaseofdishonouring

/nonpaymentonthesecondpresentation,Cheque-BouncingChargesasstatedintheSchedulewouldbelevied.Thelevyofchargeupon

dishonouring/nonpaymentofthecheque,revokeofSI/ACHinstructionsiswithoutprejudicetotherightsofBankundersection138of

ChapterXVIIoftheNegotiableInstrumentsAct,1881oranyotherrightsandremediesinlaw.

2.7TheBorrowershallpayonetimeupfrontfeestowardsservicestoberenderedbytheBank.Theupfrontfeesforservicerenderedisdescribed

inscheduleofthisAgreements.

2.8TheBankshallfurnishastatementofaccountonorbythe31stofMarcheachyear,oratthebeginningofLoanAgreementstatingtherein

theamountdue,theinterestchargedetc.AnysuchstatementofaccountfurnishedbytheBankshallbeacceptedbyandbebindingonthe

Borrowerandshallbeconclusiveproofofthecorrectnessoftheamountmentionedtherein.Withoutprejudicetowhatisstatedabove,ifthe

BorrowerdesirestoquestionanystatementoranypartthereoforanymatterconnectedtherewiththeBorrowerandshallinformtheBank

withfull detailsof thesame within15 daysof thereceipt ofthe statementby theBorrower andthe borrowershall notbe entitledto do

thereafteronanygroundwhatsoever.

2.9 AnydisputebeingraisedabouttheamountorinterestcomputationoranyotheramountundertheAgreementwillnotenabletheBorrower

towithholdpaymentofanyInstallment.

2.10ThechargesmentionedintheScheduleofthisAgreementaresubjecttochangeatthesolediscretionoftheBank.

2.11 TheloanshallbedisbursedinonelumpsumorinsuitableinstallmentsinthesolediscretionoftheBank(whichdecisionshallbenaland

bindingontheBorrower).TheBorrowershallacknowledgethereceiptoftheloandisbursedinwriting.

2.12 IncaseofanystatementorDuplicateDocumentspeciallyrequiredbytheBorrower,thebankshallchargeasstatedintheSchedule

3. REPAYMENT

3.1 Theloanamount,interestandotherchargesthereonshallberepaidbytheBorrowerand/ortheGuarantor(s)ininstallmentsasperthe

repaymentscheduleherein.Notwithstandingthesame,theBankmayatanytime,withouttheprovisionofanyreasontherefore,require

repayment of the loan amount, interest and other charges thereon as mentioned in the Schedule forthwith and may appropriate all the

amountsavailablewiththeBanktowardstheseamountsandinsuchcasetheBorrowerand/ortheGuarantor(s)agreesandundertakesto

prepaytheLoanasmentionedaboveforthwith.Further,thecomputation/xationofinstallmentsshallbewithoutprejudicetotherightofthe

Banktorecomputetheinterestonthebasisoftheagreedrate.Therepaymentshallcommenceaspertherepaymentschemeirrespective

ofthedeliveryofthevehicle.Strictcompliancewiththerepaymentscheduledisanessentialconditionforthegrantoftheloan.TheBorrower

and/ortheGuarantor(s)shallrepaytheloan,interestandotherchargesbywayofinstallments,thenumberofwhichhereinandofamount(s)

alsoarementionedintheSchedule.Outoftheseinstallments,thenumberofinstallmentsasmentionedintheSchedulehereinarepayable

priortothedisbursaloftheLoan(‘‘AdvanceEMI/Installment/s”).ThebalancenumberofinstallmentasmentionedintheScheduleareeach

payableattheendofperiodasspeciedtheSchedulehereinoraftersuchotherperiodasspeciedbytheBankfromtimetotime.The

number of cheques and the amounts of installment/s are as mentioned in the Schedule with date corresponding with the day when each of

theabove installmentsispayable,eachin favourof theBank (thesaidcheques arehereinafter referredtoas‘‘PostDatedRepayment

Cheques”).

3.2 Nonotice, reminderorintimationshallbegivenbytheBanktotheBorrowerprior to the presentation of any the Post-DatedRepayment

TC99060003

Page 4 of 26

ChequesandInsurancePremiaChequestotherespectivedraweebanksforencashmentthereof.

3.3EachoftheabovePost-DatedRepaymentChequesshallbedeemedtohavebeendrawnonthedatethatshallappearoneachofsuch

cheques.SuchPDCsshallbedrawnfromascheduledbanksituatedinatownorcitywheresuchLendingOfceoftheBankislocated.

3.4TheBorrowermay,prepaythewholeoranypart(atthediscretionofthebank)oftheoutstandingloan(includinginterest,feesandcharges

herein)bygivinganoticeinwritingtothateffect.TheBorrowerwouldhavetogiveminimumwrittennoticeof30daysexpressinghisintention

toprepaytheloanamount,unlessthesameiswaivedbytheBank.

3.4.1 InsuchaneventtheBankwillbeentitledtochargePrepaymentChargesasmentionedintheScheduleontheprincipleoutstandingorany

otherratewhichisapplicableatsuchtimeaspertheBank’spolicyonthePrincipaloutstanding.Prepaymentwillbeappliedtoinstallments

ininverseorderofmaturity.Theinterestandanyotherchargesetc.wouldbeleviabletilltheendofthemonthinwhichtheprepaymentnotice

expireandtheinteresthasbeencomputedasperclause2ofthisAgreement.Theprepaymentshalltakeeffectonlywhencashhasbeen

paidinorchequeshavebeencleared.

3.4.2 Intheevent(a)theBorrower/sand/ortheGuarantor(s)doesnotutilizetheLoan,or(b)theBorrowerand/ortheGuarantor(s)requeststhe

BanktocanceltheLoanwithin7daysoftheissuanceofcheque/demanddraftoftheLoantotheBorrowerand/ortheGuarantor(s)orthe

dealerand / orInsurancecompany onbehalfof theBorrowerand/or theGuarantor(s),as the casemay be, theBorrower and /or the

Guarantor(s)shallbeliabletopaycancellationchargesandothercharges,ifany,assetoutintheschedulehereunderwritten.Notwithstanding

anythingcontainedhereintheBankmayatitssoleandabsolutediscretion,suspendorcanceltheLoanifthesameisnotutilizedwithinthe

timeasmentionedaboveinthisclause.

3.5 TheBankmayatitsabsolutediscretiononencashmentofanyormoreofthePost-DatedCheques,payInsurancepremiumorpartthereof

oranyfeesorchargespayablebytheBorrowerhereinwithoutadjustingtheproceedsofsuchcheques(asthecasemaybe)towardsany

installmentorinstallments.

3.6 Ifany,morethanoneorallofthePost-DatedChequesdeliveredtotheBankbytheborrowerpursuanttothetermsofsub-clause3.1orto

be delivered in terms of the Sub clause:

(i) islost,destroyedormisplacedwhileincustodyoftheBank;or

(ii) becomes non-encashable due to death, insolvency, lunacy, termination of authority or otherwise of the signatory thereof or liquidation or any

moratoriumofthedraweebank,theninthatevent,theBorrowershall,withinthreeworkingdaysofreceiptofanyintimationofsuchloss,destruction

ormisplacement(asthecasemaybe)informthebankorimmediatelyonthesaidchequesoranyofthosebeingnon-encashableduetothereasons

mentionedin(ii)above,delivertotheBanksuchnumbersofcheques(thosethathavebeenlost,destroyed,misplacedorbecomenon-encashable)

drawninthemannermentionedinSub-Clause.Anynon-presentationonthepartoftheBankduetoanyreasonwhatsoeverwillnotaffecttheliability

oftheBorrowertorepaytheloanand/oranyotheramountunderthisAgreement.

3.7 TheBorrowershallnotgiveanyinstructionstotheBanknottodepositthechequegivenbyitorclosetheaccountorceasetooperatethe

account in relation to which the post dated cheques have been issued and in case it does so it may be presumed that the same has been done

toavoidprosecutionundertheNegotiableInstrumentsAct1881.

  Anydishonourof the cheque / revokeofSI /ACHinstructionshallgive presumption that fromtheveryinception the Borrower hadno

intentiontohonourthechequeSI/ACHinstructionandthechequesSI/ACHInstructionhadbeengiventoobtaintheloanandshallbe

liabletobeprosecutedundertheprovisionsoftheNegotiableInstrumentActreadwiththeIndianPenalCodeany/oranylawapplicableto

suchdishonourforthetimebeinginforce.

3.8 Notwithstandinganythingstatedelsewhereinthisagreement,thecontinuationoftheLoanshallbeatsoleandabsolutediscretionofthe

BankandtheBorrower(s)outstandingshallbepayabletotheBankondemand.TheBankmayatanytimeinitssolediscretionandwithout

assigninganyreasoncallupontheBorrower(s)topaytotheBanktheBorrower(s)outstandingandthereupontheBorrower(s)shall,within

48hoursofbeingsocalledupon,paythewholeoftheBorrower(s)outstandingtotheBankwithoutanydelayordemur.

3:9 In the event of cancellation of the loan agreement before the delivery of the Asset, the customer is liable to pay the Loan Cancellation /

Rebookingchargesasstatedinthescheduleinadditionaltootherchargesasexpressedinthisagreement.

4. COVENANTS FOR PRICE OF THE ASSET

4.1 ThepartiesheretoconrmthattheAssetPricehasbeenarrivedataftertakingintoaccountallrelevanttaxes,dutiesandleviesapplicable

asonthedateofthisAgreement.TheBorroweragreesthattheinstallmentshallbeincreasedbyanyfreshimpositionorincreaseinAsset

Price, taxes, duties, levies and charges during the subsistence of this Agreement or that are or may be levied on the Installments or the

transactionhereunderorareormaybecomepayablebytheBankbyvirtueofenteringintothisAgreement.Intheeventofsuchtaxes,

duties, levies and charges increasing during the period of the placing of the order of the Asset and its acceptance and eventual delivery to

theBorrower,suchincreasesshallbeborneandpaidbytheBorrower.

4.2 IfthepriceoftheAsset(incaseofacquiringanewAsset)isrevisedupwardsafterthedatehereof,thenandinthateventtheBorrowershall

pay all of the amount (In addition to the amount paid or to be paid by him / it along with the loan as the price of the Asset) that may be required

foracquiringtheAssetatsuchrevisedpriceandtheBankshallnotbeliabletopayanyamountbywayofloanorotherwiseforsuchrevision

inpriceoftheAsset.

4.3IftheBorrowerfallstopaytheamountasmentionedinSubClause4.2withinfteendaysofrevisionofthepriceoftheAssetorwithinthe

periodallowedforthispurposebythemanufacturerofdealeroftheAsset,whicheverisearlier,thenandinthateventtheBankmayatits

discretionasagentoftheBorrowercancel,annulorrescindthebookingoftheAssetandcollecttherefundofbookingprice(aftersuch

deductions as may be made by the manufacturer of the Asset or its dealer) for adjustment thereof against any amount that may be due and

payablebytheBorrowertoitintermshereof.

4.4 TheBorrowerforthepurposeofclause4-3herebyirrevocableauthorizedtheBanktocancel,annualorrescindanybookingoftheAsset

andtoreceiveanyrefundofbookingpriceoftheAssetfromthemanufacturerthereoforitsdealer. .

4/19 4/19

TC99060004

Page 5 of 26

5/19 5/19

5. SECURITY

5.1 InconsiderationoftheBankhavinggrantedoragreedtogranttotheBorrowertheloansubjecttothetermsandconditionsmentionedherein,

theBorrowerherebyhypothecatestoandchargesinfavouroftheBankbywayofrstanyexclusivechargetheAssetdescribedinthe

Schedulehereunder.TheBorrowerconrmsthattheAsset(s)carriesnopriorlienanditfreefromanyencumbrances.

  ProvidedthatiftheAsset(tobeacquired)hasnotbeendeliveredtoand/orregistered(whereverapplicable)inthenameoftheBorrowerat

thetimeofsigningofthisAgreement,:theparticularsoftheAssetshallbeinformedinwritingbytheBorrowerordirectthedealertosupply

the same within two days of such delivery and / or registration, whereupon such writing shall form part of the Schedule and this Agreement

hereof;

5.2ThattheBankisnotresponsiblefordeliveryofdulyendorsedRegistrationCerticateandthattheBorrowershallnotwithholdpaymentof

stipulatedinstallmentsonthepretextthatRegistrationCerticatehasnotbeendelivered.

5.3TheBorrowerand/ortheGuarantor(s)herebyexpresslyandirrevocableagreethattheyshallbeestoppedinlawfromtakingthepleathat

orthedatetheloanAgreementwassignedtheexactdetailsoftheAssetwerenotavailable.

5.4 The Borrower undertakes to get the endorsement to hypothecation done in the registration certicate from the concerned Registering

Authority(whereverapplicable).ForNonregisterableassetsborrowerundertakestogetendorsementofthehypothecationnotedonoriginal

invoice by dealer/ manufacturer. The endorsement shall be made in the name of “HDFC Bank Limited”: The Borrower(s) where the

Borrower(s)oranyofthem isacompanyundertakesto getthechargeregisteredwith therelevantRegistrarofCompanies (ROC)ina

manneracceptabletotheBank.

5.5ThechargecreatedbytheBorrowerinClause5.1aboveshallstandassecurityfortherepaymentandpaymentbytheBorroweroftheloan

grantedortobegrantedtotheBorrowerbytheBankandofallfees,interest,costsandexpensesincurredortobeincurredbytheBank

hereunderandallothermoniespayableortobecomepayablebytheBorrowertotheBankpursuanttothetermshereof.

5.6ThechargehereincreatedshallcontinueunlessanduntiltheBankshallissueacerticatedischargingthesecuritycreatedhereinandshall

not affect, impair or discharge the liability of the Borrower by winding up (voluntary or otherwise) or by any merger or amalgamation,

reconstruction,takeoverofthemanagement,dissolutionornationalization(asthecasemaybe)oftheBorrower;and

5.7ThechargeshereundercreatedshallremaininfullforcesolongasalltherepaymentsandpaymentsmentionedinClause3arenotmade.

5.8 ThehypothecationshallbedeemedtotakeplaceimmediatelyonsigningofthisAgreementordeliveryoftheAssetasthecasemaybe

whicheverisearlier.

6. REPRESENTATIONS BY THE BORROWER AND THE GUARANTOR(S)

6.1 TheBorrowerandtheGuarantor(s)jointlyandseverallyrepresentthat:

(i) (in case of it being a Corporation) is a Corporation duly incorporated or constituted and existing under the laws of India with power to enter

into this Agreement and each of the documents to which it is or will be a party; and

(II)allcorporateandotheractionshavebeendulytakenwhicharerequiredtobetakenbyanypersontoauthorizetheexecutionbytheBorrower

andtheGuarantor(s)ofthisAgreementandofeachCollateralDocumenttheperformancebyitorofitsobligationshereinandundereach

CollateralDocuments.

6.2TheBorrowerrepresentsthat

(i) no encumbrance of any nature nor any lien exists over the Asset hypothecated herein; and

(ii) it / he has obtained and done all that is necessary to give full force and effect to all authorization, approvals, consents licenses and

permissionsrequiredinorbythelaw.ofIndiainrelationtothisAgreement,CollateralDocumentsandtheHypothecatedAsset,and;

(iii)he/itisawarethatthedishonourofanycheque/revoketheSI/ACHInstructiongivenortobegiventotheBankintermsofthisAgreement

isacriminaloffenceunderSection138wereapplicablereadwithsection141oftheNegotiableInstrumentsAct,1881.

6.3 TheloanamountmaybedisbursedbytheBankdirectlytothedealerinthecaseofpurchaseofanewAsset/sandsuchdisbursementshall

bedeemedtobedisbursementtotheBorrower.

  Incaseofrenanceonanoldasset/purchaseofanoldAsset,theloanamountmaybedisbursedbytheBanktotheowner/sellerofthe

AssetortotheDealerandsuchdisbursementshallbedeemedtobedisbursementtotheBorrower.

6.4TheBorrowershallutilizetheentireloanforthepurchaseoftheAsset(s)/otherpurpose(s)asindicatedbyhiminhisloanapplicationand

fornootherpurposewhatsoever.

6.5 TheBorrowerexpresslyrecognizesandacceptsthattheBankshall,withoutprejudicetoitsrighttoperformsuchactivitiesitselforthrough

itsofcerorservants,beabsolutelyentitledandhavefullpowersandauthoritytoappointoneormorethirdpartiesoftheBank’schoiceand

totransferanddelegatetosuchthirdpartiestherightandauthoritytocollectonbehalfoftheBankallamountshereunderandtoperform

execute all acts, deeds, matters and things connected therewith or incidental thereto including sending notices of demand, attending the

residenceorOfceoftheBorrowerorotherwisecontactingtheBorrower,receivingtheInstallmentsin’Cash/draft/chequewhetherinthe

nameoftheBankorinitsownnamefromtheBorrower,enteringintoacompromisewiththeBorrower,givingavalidreceiptandgranting

effectualdischargetotheBorrowerandgenerallyperformingalllawfulactsas.thethirdpartiesmayconsiderappropriateforthepurposes.

ForthepurposesaforesaidorforanyotherpurposesatthediscretionoftheBank,theBankshallbeentitledtodisclosetosuchthirdparties

allnecessaryorrelevantinformationpertainingtotheBorrowersandtheLoanandtheBorrowersherebyconsenttosuchdisclosurebythe

Bank,notwithstandingtheabove,theBorrowersexpresslyacceptandauthorizetheBank(and/oranysuchthirdpartyastheBankmay

select)tocontactthirdparties(includingthefamilymembersoftheBorrowers)anddiscloseallnecessaryorrelevantinformationpertaining

totheBorrowersandtheLoanandtheBorrowersherebyconsenttosuchdisclosurebytheBank(and/oranysuchthirdpartyastheBank

mayselect).

6.6 TheBorrowerherebyagreestopaytheinstallmentsandotherduestotheBankunderthisAgreementforthenanceoftheaforesaidAsset

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irrespective of any delay or non-delivery of Vehicle(s)/Equipment(s) and defect, damage or other problems with the quality of such aforesaid

Assetoranymatter/disputeswhatsoeverarisingoutoforrelatingtosuchAssetwiththeDealerand/ortheAssetisinusebytheBorrower

and/oreveniftheAssetisnotinuseduetodamageandrepair.

6.7 Incase theloan istaken jointlybymorethanoneBorrower, theirliabilityshallbejoint andseveral, evenif thevehicle /equipmentsis

registeredinthenameofoneoftheBorrowersonly.

7. INDEMNITY

  TheBorrowershallindemnifytheBankandkeepindemniedtheBanksaveandharmlessondemandinrespectofanyactions,claims,

costs,damages,demands,expenses,lossesandliabilitiesmadeagainst,sufferedorincurredbytheBankarisingdirectlyorindirectlyfrom

or in connection with:

7.1 anyfailurebytheBorrowerand/ortheGuarantor(s)tocomplywiththeprovisionsofthisAgreementand/or

7.2 anyliabilityincluding thirdpartyliability thatmayarise out ofthe possession, operationand use oftheAssetbythe Borrowerorby its

employeesorbyitsAgentsorbyotherpersonswhosoeverwhetherornotauthorizedbytheBorrowerforuseofthesaidAssetandincidental

to that purpose and for

7.3 anyclaims,losses,demands,actions,costs,expensesandliabilitiesincurredorsufferedbytheBankbyreasonoftherepresentationsand

warrantiesgivenbytheBorrowerand/ortheGuarantor(s)beingfalseoruntrueinmaterialrespectand/oranyclaims,losses,demands,

actions,

7.4 costs,expensesandliabilitiesincurredorsufferedbytheBankbyreasonofthehypothecatedAssetnotbeingfreefromencumbranceand/

oranypreviouscharge.

7.5 anyclaims,demands,actions,costs,expensesandliabilitiesincurredorsufferedbytheBankby reasonofnon-payment orinsufcient

paymentofstampdutybytheBorrowerand/ortheGuarantor(s)onthisAgreementandtheDocumentsandanyotherwritingsordocuments

whichmaybeexecutedpursuanttoandorinrelationtothisAgreement.TheBorrowershallkeeptheBankinformedofalldevelopments

regarding such action, claims, costs, damages, demands, expenses, losses and liabilities and shall not dispute, compromise or otherwise

dealwiththesamesubjecttotheconsentgivenbytheBank.TheBankshallhoweverbeundernoobligationand/orliabilitytotheBorrower

toprovideanyassistanceinconnectionwithanysuchclaimthattheBorrowermayrequire.

8. GENERAL COVENANTS UNDERTAKINGS AND WARRANTIES

8.1 TheBorrowershall:

(i) obtain and do all that is necessary to maintain in full force and effect all authorizations, approvals, consents, insurances, licenses, permissions

and renewals required in or by the laws of India in relation to this Agreement, each of the Collateral Documents and the performance of

obligations hereunder and thereunder and the Asset;

(ii) gettheAsset(incaseofacquiringanewAsset)registeredwiththeappropriateRegisteringAuthority(whereverapplicable)undertheMotor

Vehicles Act, 1988;

(iii) informtheBankinwritingofanytheftordamagetotheAsset,lodgingofanyclaimwhateverwithanyInsurancecompanyInrespectofthe

AssetandsuchwritingshallbedeliveredtotheBankwithinthreeworkingdaysofsuchdamageorlodgmentofclaim;

(iv) informtheBankofanyloss,destructionormisplacementoftheRegistrationCerticateoftheAssetortheInsurancePolicyrelatingtothe

Assetwithinthreeworkingdaysofsuchloss,destructionormisplacement;

(v) notapplyforanyduplicateRegistrationCerticatefortheAssetotherwisethanbydeliveringtheapplicationthereoftotheBankforendorsing

its charge on the Asset; and

(vi) a) nottransfertheregistrationoftheAssettoanycityortownotherthantheCityofRegistration;

  b) indemnifyandkeepindemniedtheBankagainstanylossordamagetotheAssetoranypartthereoffromwhatevercausewhetherornot

suchdamageisasaconsequenceofthenegligenceoftheBorrower.

8.2 TheBorrowerwarrantsthathe/she/it/theyshallhaveandmaintainsufcientbalanceintheaccountofthedraweebankforpaymentofPost-

DatedCheques/SI/ACHInstructiononthedaywhenanyinstallmenthereinbecomespayableandfor45daysthereaftertohonouranyPost

-DatedCheque.TheBorrower(s)shallnotcloseanysuchaccountwithoutthepriorconsentofthe.Bank.

8.3 TheBorrowerherebywarrantsandundertakesthathehaspaidallpublicdemandsandalltaxesandrevenuespayabletotheGovernmentofIndia

ortotheGovernmentofanyStateortoanlocalauthorityandthatatpresentthereareno-arrearsofsuchtaxesandrevenuesdueandoutstanding.

8.4 ItshallbetheBorrowersobligationtokeephimselfacquaintedwiththerulesoftheBank,fromtimetotime.

8.5. WetheBorrower(s)herebyagreetoallowtheofcers,orauditors(includingBorrower’sauditors),technicalexpertsormanagementconsultants

appointedbytheBanktoinspectourbooksofaccountsandcertifyincludingbutnotlimitedtoenduseoffunds,fromtimetotimeasrequiredby

theBankandweagreetoforthwith,upondemandbytheBank,toextendfullco-operationandpayforthecostsandexpensesincurredbythe

Bankinrelationtosaidinspection.

8.6. WetheBorrower(s)(wheretheBorrowerisacompany)herebyagreeandundertakenottoinductaperson,intoourBoardofDirectors,whoisa

promoterordirectorontheBoardofacompanywhichhasbeenidentiedasawillfuldefaulterorapersonwhohasbeendeclaredasawillful

defaulterbyanyBank/FinancialInstitution.IncasesuchapersonisalreadyamemberoftheBoardofDirectors,wewouldtakeexpeditiousand

effectivestepsfortheremovalofthatpersonfromtheBoardofDirectors.

9. COVENANTS FOR HYPOTHECATED ASSET

 TheBorrowerherebyexpresslyandirrevocablyagreesandcovenantsthatduringtheperiodofthisAgreement,theBorrowershall

9.1 keeptheHypothecatedAssetspecicallyappropriatedtothesecurityherein;

9.2 payallrates,assessments,taxesandotheroutgoingswhicharenoworhereaftermaybeassessed,imposed,orpayablefortheHypothecated

Assetby theGovernment, MunicipalCorporation, RegistrationAuthorityorotherauthorityandondemand produceto theBank everyreceipt

6/19 6/19

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thereof, charges, taxes, assessments or other outgoings,

9.3. allowinspectionoftheHypothecatedAssetandalldocumentsrelatingtheretoforvericationthereoformakingvaluationby(a)theBankor(b)its

ofcers,auditors,technicalexperts,managementconsultants,valuersoranyotherpersonsauthorisedforthepurposebytheBank.

9.4 Notsell,encumber,transferorotherwisedisposeoforsufferorallowtosufferanyattachment(includinginstallationofLPG/CNGKit)ordistress

totheHypothecatedAssetoranypartsthereoforallowanythingthatmayprejudiceorendangerthesecurityhereinwithouttheexpressconsent

inwritingoftheBank.

  TheBorrowerundertakestogettheregistrationcerticateendorsedinthenameoftheBank(ifapplicableunderMotorVehiclesAct),tofurther

expressthefactthattheAssetstandshypothecatedtotheBank.AnydirectorindirecttransferoftheAssetwouldbedeemedtobecriminalbreach

oftrustandcaseofcheatingentitlingtheBanktole/pursueFIRoraCriminalcomplaintagainsttheBorrowerandGuarantor(s)withoutprejudice

totheBank’sotherrightsandremediesinlaw.ThesaidhypothecatedAssetsareinthecustodyoftheBorrowerintheircapacityasbailees.

9.5 OndemandbeingmadebytheBankerwithoutdemand,ifanyoftheeventsmentionedinclausearise:-

(a) togiveimmediateactualpossessiontotheBank,itsnomineesoragents(asthecasemaybe)oftheHypothecatedAsset;

(b) totransfer,deliverandendorseallregistrations,policies,certicatesanddocumentsrelatingtotheHypothecatedAssettotheBank,itsnominees

or agents (as the case may be); and

(c) doandexecuteorcausetobedoneandexecutedatthecostsandexpensesoftheBorrower,allsuchacts,deeds,assurances,matters,andthings

asmaybe required by theBankfor further assuring and conrmingthesecurity created herein andtherights, powers and remedies hereby

conferred;

9.6 a) signanddeliverthenecessaryformsthatmayberequiredtobeledwiththeRegisteringAuthorityorotherauthoritiesundertheMotor

Vehicles Act or any other law for the time being in force to record the charge of hypothecation on the said Asset, created or to be created in

favouroftheBank.

 b) submittotheBankacertiedtruecopyoftheregistrationcerticatewithliennotedfavouringtheBankrelevanttotheAssetforwhichthe

loanhasbeentaken.Thisregistrationcerticatewillbesubmittedwithin60daysofhavingtakendeliveryoftheAssetor150daysfromthe

date of disbursal of the loan, whichever is earlier

c) fornonregisterableassets,submittotheBankanoriginalinvoicewithliennotedfavouringtheBankrelevanttotheAssetforwhichtheloan

hasbeentaken.Thisoriginalinvoicewillbesubmittedwithin30daysofhavingtakendeliveryoftheAssetor60daysfromthedateof

disbursaloftheloan,whicheverisearlier.

9.7 PunctuallypayallthesumsstatedelsewherethisAgreement.

9.8 ObtainaspecicNOCforindividualassetsfromthebankincaseoftransferofassetfromcityofregistrationoroutsideIndia,

10. INSURANCE AND MAINTENANCE

10.1 TheBorrowershallatitsownexpenseduringthecontinuanceofthesecurityhereinkeeptheHypothecatedAssetcoveredundercomprehensive

risks,includingriot,civilcommotionrisks,re,theft,‘unlimitedthirdpartyriskandotherhazardsasstipulatedfromtimetotimewithsuchinsurance

companyasmayberequiredbytheBankbytimelypaymentofallpremiuminrespectofsuchinsuranceandproduceanddeliver(itsorequired

bytheBank)anyinsurancepolicy,covernoteorreceiptondemandbytheBankforitsinspectionandverication.

10.2 TheinsurancepolicytobetakenouthereundershallbeinthenameoftheBorrowerandtheBankshallbedescribedaslosspayeeundersuch

insurance;

10.3 TheBorroweragreesandundertakestokeepandmaintainingoodandmarketableconditionthesaidAssetatitsownexpenseandreplaceall

suchpartswhetherbrokenordamaged,asisthenormalpracticeadoptedforthemaintenanceofanyAsset.TheBorrowerexpresslyagreesto

engagemechanics,dealersservicefacilitiesexpresslyauthorizedbythemanufactureroftheAssettoeffectrepairsandtoservicetheAsset.

10.4 If the Borrower fallstocomplywithanyofthetermsmentionedaboveinthisClause,theBankmay without prejudice to its rights and

remediesunderthisAgreementand;Inlawtakesuchstepsas itmaydeemttokeepandmaintaintheAssetor insureorrenewsuch

insuranceattheBorrower’scosts,chargesandexpenses,whichshallbereimbursedbytheBorrowerondemandbytheBank.

10.5InordertosafeguardthesecurityfortheloanandtoensurethattheBank’slienismarkedontheinsurance,theBankmaygettheinsurance

doneonbehalfoftheBorrower,bybeingafacilitatorandmakingthepremiumpaymenttotheapprovedinsurancecompanythroughthe

Borrower’spost-datedcheque/payorders/anyotherpaymentinstructions.However,theBankshallnotbeobligedtodothesameandany

non-payment on the partof the Bank dueto any reason whatsoever shall not effect the liability ofthe Borrower to pay the necessary

insurancepremiumandtokeeptheAsset(s)insured.TherstclaimonanyinsuranceproceedsshallbethatoftheBankwithrespectto

insurancepolicyanditsrenewalasstipulatedfromtimetotimeandshallpayRs.250orsuchotheramountasmaybespeciedbytheBank

fromtimetotimeasnominalcompensationfortheservicesrenderedbytheBankforfacilitatingtheabovementionedarrangementwiththe

insurancecompanyandensuringthattheBank’snameismarkedunderinsurance.Thetransactionfeeissubjecttochangeatthediscretion

oftheBank.TheBankshallbeentitledtorecoveranypaymentsmadepursuanttothisclauseaspartoftheduesunderthisAgreement.

10.6TheBankatitsoptionshallbeentitledtoadjust,settleorcompromiseinanymannerwhatsoeverattheBorrower’scostanydisputearising

under or in connection with any such policy of insurance and such adjustment, settlement and compromise shall be valid and binding on the

Borrower.

10.7 TheBankatitsoptionwillhavetherighttoappropriateanymoniesreceivedfromtheinsurancecompanytowardstheBorrower’sobligations

totheBank.

10.8TheBorroweracceptsthattheBankshallnotbeliableforanylossonaccountofNon-RenewalofInsuranceoftheAssetand/ordelay/

nonpaymentbytheInsurancecompany/oranysettlementclaimbytheBorrower.

11. COVENANT TO PAY BY GUARANTOR(S)

11.1InconsiderationoftheBankgrantingorcontinuingtomakeavailabletheloansolongasitmaythinkttotheBorrower,theGuarantor(s)

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[weretherearemorethanoneGuarantor(s)]allofthemjointlyandseverally,herebyirrevocablyandunconditionallyguarantee/sthefull

performanceofthisAgreementbytheBorrowerandintheeventofanynon-performanceofthewholeoranypartoftheAgreementbythe

Borrower,theGuarantor(s)agreestopaytotheBankondemandandwithoutanydemurorprotestallmoniesanddischargeallobligations

andliabilitieswhetheractualorcontingentnoworanytimehereafterdue,owingandincurredtotheBankbytheBorrowertogetherwith

interest (as well as before any demand or judgment) to date of payment at such rates and upon such terms and all fees, cost, charges and

expensesasmayfromtimetotimebepayablebytheBorrowerintermshereof.

11.2TheGuarantor(s)guarantee/stotheBanktheregularandpunctualpaymentofallsumsdueunderthisAgreementandthedueperformance

andobservancebytheBorrowerofthetermsandconditionsofthisAgreement.

11.3. TheGuarantor(s)agreesthatasapre-conditionofthesaidcreditfacilitiesgiventotheBorrowerbytheBank,incasetheBorrowercommits

default in repayment of the said credit facilities or in the repayment of the interest thereon or any installments thereof on the due dates or in

caseofdefaultbytheGuarantor(s)intheperformanceoftheobligationshereunder,theBankand/orReserveBankofIndiawillhavean

unqualiedrighttodiscloseorpublishthenameoftheBorrowerand/orGuarantor(s)andits/theirDirectors/Partners/Proprietoraswillful

defaultersinsuchmannerandthroughsuchmediumastheBankorReserveBankofIndiaintheirabsolutediscretionmaythinkt.

12. CONTINUING GUARANTEE

12.1 Thisguaranteeisacontinuingsecurityandshallcontinuenotwithstanding:

(i)thedeath,insolvency,lunacy,liquidation/dissolution(asthecasemaybe)oranyincapacityoftheBorrowerorGuarantor(s)or,(incasethe

Guarantorismorethanone)anyone,morethanoneorallofthem;or,

(ii)anychangeintheconstitutionoftheBorrowerorGuarantor(s)orinthenameorstyleoftheBorrowerorGuarantor(s);

12.2Thisguaranteeshallbedeemedtohavebeengivenseparatelyforpaymentofeachinstallmentoftheloan,interestthereonoranyorall

moniespayablebytheBorrowertotheBankintermshereofandthisguaranteeshallnotstandterminatedordeterminedorextinguished

merely for demand of any amount herein but shall be in full force and effect for each and all payments not demanded and until the entire

amounthereinispaidinfullandtheGuarantor(s)isdischargedoftheguaranteeobligationherein.

12.3 Theguaranteeisinadditiontoandshallnotmergewithorotherwiseprejudiceoraffectanyotherright,remedy,guarantee,indemnityor

security and may be enforced notwithstanding the same or any mortgage, charge, pledge hypothecation or lien now or hereafter held by or

availabletotheBank,

13. EVENTS OF DEFAULT

TheBorrowerand/ortheGuarantor(s)expressly,irrevocably,jointlyandseverallyagreewiththeBankthatintheeventof:

13.1theBorrowerortheGuarantor(s)oranyormoreofthem(incaseoftheGuarantor(s)beingmorethanoneperson)fallstopayanysumdue

from it or him herein; or,

13.2 theBorroweroranyoftheGuarantor(s)/sfail/sdulytoperformanyobligationorcommitsanybreachofanyoftheterms,representations,

warranties,covenantsandconditionshereincontainedorhasmadeanymisrepresentationstotheBank;or

13.3 theBorroweroranyoftheGuarantor(s)(incaseofeitherofthembeingaCorporationorpartnershiprm)takesanyactionorothersteps

aretakenorlegalproceedingsarestartedforwindingup,dissolutionorre-organizationorfortheappointmentofareceiver,trusteeorsimilar

ofceronitsassetsparticularlyontheHypothecatedAsset;or,

13.4theBorrowerortheGuarantor(s)(incaseofeitherofthembeinganindividualandincaseoftheGuarantor(s),(ifmorethanone,anyof

them) diesortakesanystepsoranystepsare taken with a view to his being made insolvent in any jurisdiction or with a view to the

appointmentofareceiver,trusteeorsimilarofcerofanyofhisassets;or,

13.5theBorrowerfailstopayanyinsurancepremiumfortheHypothecatedAssetor.chequebouncechargesintermsandconditionshereof;or,

13.6theHypothecatedAssetisconscated,attached,takenintocustodybyanyauthorityorsubjecttoanyexecutionproceeding;or,

13.7theHypothecatedAssetisdistraint,endangeredorbadlydamagedduetoaccidentoranyotherreasonwhatevercausingthesametobea

totallossintheopinionoftheBankorcausedbodilyinjurytoanypersonduetoanyaccidentorotherwise;.or-

13.8 theBorrowerfallstopayanytaximpost,dutyorotherimpositionorcomplywithanyotherformalitiesrequiredfortheHypothecatedAsset

under law from time to time; or,

13.9 theHypothecatedAssetisstolenoruntraceableforaperiodof30daysforanyreasonwhatever;or,

13.10 anyofthechequesdeliveredortobedeliveredbytheBorrowertotheBankintermsandconditionshereofisnotencashedforanyreason

whatsoever on presentations,

13.11 anyinstructionsgivenbytheBorrowerforstoppaymentofPost-DatedChequesrevokeSI/ACHInstruction,givenasperClause3,forany

reason whatsoever,

13.12 theBorrowerfailstosupplyacertiedtruecopyoftheregistration,certicatewithinthetimeframesspeciedinClause5&Clause8.

13-13 theHypothecatedAssetbeingdestroyedforanyreasonwhatsoever.

13.14 theBorrowerfailingtoletheparticularsoftheAssetintheprescribedformoftheBankandasprovidedintheSchedule-tothisAgreement;

or,

13.15 anyinformationgivenbytheBorrowerand/ortheGuarantor(s)inhisloanapplicationtotheBankfornancialassistanceisfoundtobe

misleadingorincorrectinanymaterialrespectoranyrepresentationoranywarrantyreferredinClause8isfoundtobeincorrect.

13.16 theAssethasbeenusedorallegedtohavebeenusedforanyillegalpurposesoractivity;or

13.17AnycircumstancesariseswhichgivesreasonablegroundsintheopinionoftheBankthatislikelytoprejudiceorendangertheHypothecated

Vehicle;

  Theninanysuchcaseatanytimethereafterwithoutprejudicetotherightsandremediesofthebank,theBankmay(butshallnotbebound

todoso),withoutthespecicinterventionofacourtoranycourtorder,bywrittennoticestotheBorrowerandtheGuarantor(s)declarethe

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loan to be immediately due and payable, whereupon the same shall become payable together with accrued interest thereon, the charges as

setoutintheschedulehereunderwrittenandanyothersumsthenownedbytheBorrowerherein.

  Onthequestionwhetheranyoftheaboveevents/circumstanceshas/haveoccurred/happened,thedecisionoftheBankshallbenal

conclusiveandbindingontheBorrowerand/ortheGuarantor(s).

14. JOINT AND SEVERAL LIABILITY

TheGuarantor(s)(andincasetherearemorethanone,all,ofthemjointlyandseverally),herebyagreetothefollowing:

14.1 thattheirIiabilityisco-extensivewiththatoftheBorrowerandasbetweentheBankandthemselvestheyaretobeconsideredasprincipal

debtors/obligorstotheBankforalldues,obligations,liabilitiesandresponsibilitiesundertakeninfavouroftheBankunderthisguarantee.

TheGuarantor(s)herebyagreestokeeptheBankfullyindemniedagainstalldamage,loss,costsandexpensesarisingfromanyfailureof

theBorrowertocarryoutanysuchpurportedobligationorliability.

14.2 thattheBankshallbeatlibertytosuetheBorrowerandtheGuarantor(s)jointlyand/orseverallyorshallbeentitledtoproceedagainstthe

Guarantor(s)only,intherstinstance.

14.3 thattheliabilityoftheGuarantor(s)shallnotbeaffectednorshalltheGuaranteehereinbedischargedordiminishedbyreasonof:

(i) theBankcompoundingwith,discharging,releasingorvaryingtheliabilityoforgrantinganytime,indulgence,orconcessiontotheBorrower

oranyotherpersonoromittingtoclaimtoenforcepaymentfromtheBorroweroranyotherperson;or,

(ii) byanyvariancemadewithouttheirconsentinthetermsofthiscontractortransactionbetweentheBankandtheBorrower;or,

(iii) byanycontractmadebetweentheBankandtheBorrowerbywhichtheBorrowerbereleased;or,

(Iv)anyactoromissionwhichwouldnothavedischargedoraffectedtheliabilityoftheGuarantor(s)haditbeentheprincipaldebtorinsteadof

theBorrowerorbyanythingdoneoromittedwhichbutforthisprovisionmightoperatetoexoneratetheGuarantor(s):or,

(v)bytheBanklosingthesecurity;andtheGuarantor(s)herebywaiveallsuretyshiprightsthatmayotherwisebeavailabletothem,

(vi) theBankenforcingornotenforcinganyofitssecurityandtheBankshallbeentitledtotakeanyproceeding(legalorotherwise)againstthe

Guarantor(s)priorto,simultaneouslyor subsequenttoanyproceeding(legal orotherwise)againsttheBorrower oranyotherpersonor

entity.

14.4thattheGuarantor(s)’sobligationtopayarisestwodaysafterdispatchofwrittennoticebytheBankbyregisteredpostirrespectiveofwhether

theBorrowerhavebeencalleduponorproceededagainsttopaytheoutstandingamounts,interestandotherchargesunderandinrelation

tothesaidloan.Suchanotice,ofdemandbytheBankagainsttheGuarantor(s)shallbenalandconclusiveevidencethattheBorrower

hascommittedadefaultandthatthemoniesandtheamountsclaimedthereunderisdueandpayablebytheBorrowertotheBankandthe

Guarantor(s)shallnotbeentitledtochallengethenoticeonthegroundthatnodefaulthasbeencommittedortheamountmentionedtherein

asdueandpayableisnotpayableoronanyothergroundwhatsoever.

15. CHARGES AND EXPENSES

TheBorrowershallwithoutprejudicetoanyrighttheBankmayhaveinlaw,payondemandoftheBankthefollowingcharge:

15.1 TheBorrowershallpaychargesasstatedinScheduleorsuchotheramountasstipulatedbytheBankfromtimetotime,towardsCheque

BouncingChargesfor each timeaPost Dated Repayment Cheque,StandingInstruction,ACH Instructionisreturned / revokedforany

reasonwhatsoever.

15.2 TheBorrowershalIfromtimetotimeondemand.reimbursetheBankforallcostsandexpenses(includinglegalfees)thatmaybeincurred

inorinconnectionwiththepreservationand/orenforcementofanyoftherightsoftheBankunderthisAgreement.

15.3 The Borrower undertakes to indemnify the Bank against any loss or expense, (including legalfees) which itmay sustain orincur as a

consequenceofanydefaultbytheBorrowerintheperformanceoftheobligationsexpressedtobeassumedbyitinthisAgreement.

15.4 TheBorrowershallbeliabletopayvariouschargesforpossessionoftheAssetliketow-awaycharges,godowncharges,rentalsandother

suchexpensesincurredbytheBankforeffectingthepossessionoftheAssetandforitssafekeepingetc.

15.5 TheBorrowershallbeliabletopayChequeSwappingCharge’sasstatedinScheduleorsimilarcharge’stowardsreplacementofthePost

DatedCheques/ACHinstructiongivenbyhim.

I6. EVIDENCE OF DEBT

16.1 TheBankshallmaintaininaccordancewithitsusualpractice,accountsinitsbooksevidencingtheamountsfromtimetotimeowingtoit

herein.AcerticateinwritingsignedbyanofceroftheBankstatingtheamountatanyparticulartimedueshallbeconclusiveandbinding

onboththeBorrowerandtheGuarantor(s).

16.2 TheBorrowerandtheGuarantor(s)(jointlyandseverally)herebyagree/stoaccepttheBank’saccountsofsales,realizationandrecoveryof

theHypothecatedAssetassufcientproofofamountsrealizedandrelatedexpenses.

16.3 InanylegalactionorproceedingarisingoutoforinconnectionwiththisAgreement,theentriesmadeintheaccountsmaintainedpursuant

toClauses2and3shallbeprimafacieevidenceoftheexistenceandamountsoftheobligationsoftheBorrowerthereinrecordedand

amount of realization, recovered and expended;

16.4 The Borrower and Guarantor(s) (jointly and severally) hereby agree/s to accept the Bank’s accounts for any amounts due under this

Agreement,Insurance,costs,chargesandexpensesassufcientproofoftheamountsbeingspentbytheBank.

17. ENFORCEMENT

17.1 IftheBorrowerfailstoperformanyoftheobligationshereinandthesame(ifcapableofremedy)isnotremediedtothesatisfactionofthe

BankwithintheperiodtobespeciedbytheBank;or,

17.2anyofthe“EventofDefault’’pursuanttothetermsofClause13arise(whetherdemandforrepaymentisactuallymadeornot)thenandin

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suchcaseandatanytimethereafter,theBankthroughitsofcers,agentsornomineesshallhavetheright(withoutprejudicetotherightin

Clause7)tolakeanyoneormorethanoneofthefollowingactionswithoutthespecicinterventionofaCourtoranyCourtOrder:

(i) withoutanynoticeandassigninganyreasonandattheriskandexpenseoftheBorrowerandifnecessaryasAttorneyforandinthename

oftheBorrowertakechargeand/orpossessionof,seize,recover,appointreceiverofandremovetheHypothecatedAsset.TheBankwill

bewithinitsrightstouseTow-vantocarryawaytheAsset/and/or,(ii)enterintooruponanyplaceorpremiseswheretheHypothecated

Assetmaybekeptorstoredandinspect,valueorinsurethesameatthecostsandexpensesoftheBorrower,and/or,

(iii) sellbyauctionorbyprivatecontractortender,dispatchorconsignforrealizationorotherwisedisposeofordealwiththeHypothecatedAsset

inthemannertheBankmaythinkit,

17.3 TheBorrowerherebyagreesandauthorizestheofcers,agentsandnomineesoftheBanktodoandexerciseanyoneormorethanoneof

theactsandpowersmentionedinClause13andClause6.

17.4 Notwithstandinganythingtothecontraryexpressedorimplied;

(i) theBankshallnotbeboundtoexerciseanyofthepowersmentionedinClause6andClause13oranyCollateralDocuments;or,

(ii) iftheBankexercisesanyoneormorepowersmentionedinClause6andClause13thesameshallbewithoutprejudicetotheBank’srights

andremediesofanysuitoranylegalproceedingeitherpendingorthatmaybeinitiatedagainsttheBorrowerandortheGuarantor(s)inlaw,

or,

(iii) theBankoritsofcers,agentsornomineesshallnotbeinanywayresponsibleforanyloss,damage,limitation,ordepreciationthatthe

HypothecatedAssetmaysufferorsustainonanyaccountwhatsoeverwhilstthesameisinpossessionoftheBank,itsofcers,agentsor

nomineesorbecauseofexerciseornon-exerciseoftherights,powers,orremediesavailabletotheBankoritsofcers,agentsornominees

andallsuchloss,damageordepreciationshallbedebitedtotheaccountoftheBorrowerhowsoeverthesamemayhavebeencaused;or,

(iv) neithertheBanknoritsagents,ofcersornomineesshallbeinanywayresponsibleandliableandtheBorrowerherebyagreesnottomake

theBankoritsofcers,agentsoranynomineesliableofanyloss,damage,limitationorotherwiseforanybelongingsandarticlesthatmay

bekeptorlyingintheHypothecatedAssetatthetimeoftakingchargeand/orpossession,seizureoftheHypothecatedAssetpursuantto

thetermsofClause13andClause15.

18. DISTRIBUTION OF REALISATION

Thenetproceedsofsale,realization,recoveryand/orinsuranceclaimproceedsrelatingtotheHypothecatedAssetherein,onreceiptbytheBank

shallbeappliedatitsabsolutediscretioninthemanneritthinkst.TheBorrowershallcontinuetobeliableforanydeciencyintheamountdueto

theBankbytheBorrowerafteradjustmentofthenetproceedsofsale,realization,recoveryand/orinsuranceclaimasabove.

19. SET-OFF AND LIEN

Notwithstanding anything to the contrary in thisAgreement or any other document/arrangement: (i) in respect of all and any of Borrower(s)/

Guarantor(s) present and future liabilities to the Bank, afliates, group entities, associate entities, parent, subsidiaries, any of their branches

(collectively“RelevantEntities”),whether under this document or under any other obligation/loan/facilities/borrowings/document,whethersuch

liabilities are/be crystallised, actual or contingent, primary or collateral or several or jointly with others, whether in same currency or different

currencies, whether as principal debtor and/or as guarantor and/or otherwise howsoever (collectively “Liabilities”), each of the Bank and the

RelevantEntitiesshallinadditiontoanygenerallienorsimilarrighttowhichanyofthemasbankersmaybeentitledbylaw,practice,customor

otherwise,haveaspecicandspeciallienonalltheBorrower’spresentandfuturestocks,shares,securities,property,bookdebts,allmoneysin

allaccountswhethercurrent,savings,overdraft,xedorotherdeposits,heldwithorincustody,legalorconstructive,withtheBankand/orany

RelevantEntities,noworinfuture,whetherinsameordifferentcapacityoftheBorrower,andwhetherseverallyorjointlywithothers,whetherfor

anybankingrelationship,safecustody,collection,orotherwise,whetherinsamecurrencyordifferentcurrencies;and(ii)separately,eachofthe

BankandtheRelevantEntitiesshallhavethespecicandexpressrightto,withoutnoticetoandwithoutconsentoftheBorrower,set-off,transfer,

sell,realize,adjust,appropriateallsuchamountsinallaccounts(whetherprematurelyoruponmaturityaspertheBank’sdiscretion),securities,

amountsandpropertyasaforesaidforthepurposeofrealizingoragainstanyofduesinrespectofanyoftheLiabilitieswhetherear-markedforany

particularLiabilityornot,combineorconsolidatealloranyofaccountsoftheBorrower/Guarantorandset-offanymonies,whetherofsametypeor

nature or not and whether held in same capacity or not including upon happening of any of the events of default mentioned in any of the documents

pertainingtotherespectiveLiabilitiesoruponanydefaultinpaymentofanypartofanyoftheLiabilities.(iii)TheBankandtheRelevantEntities

shallbedeemedtohaveandholdandcontinuetohaverstchargeonanyassetsincludinganydepositonwhichsecurityhasbeen/willbecreated

inrespectoftheLoan,assecurityalsoforanyoftheotherLiabilitiesandalltherightsandpowersvestedintheBankintermsofanysecurityor

chargecreatedfortheLoanshallbeavailabletotheBankand/ortheRelevantEntitiesalsoinrespectofsuchotherLiabilities,irrespectiveofthe

factwhethertheLoanisatanytimeoutstanding,repaidorsatisedornotandevenaftertheLoanhasbeenrepaidorprepaid.

20. SECURITISATION / ASSIGNMENT

20.1TheBankmayinitsdiscretionbeabsolutelyentitledandhavefullpowerandauthoritytosell,assignortransferinanymanner,inwholeorin

part,andinsuchmannerandonsuchtermsastheBankmaydecide,includingreservingarighttotheBanktoretainitspowerhereunderto

proceedagainstthe Borrower and Guarantor(s)onbehalf of the purchaser, assignee or transferee,anyor all outstanding andduesof the

BorrowerandGuarantor(s)toanythirdpartyoftheBank’schoicewithoutreferencetoorwithoutwrittenintimationbytheBankortotheBank,

anysuch action andanysuch sale,assignmentor transfer shallbind the BorrowerandGuarantor(s) toacceptsuch third partyas creditor

exclusivelyorasajointcreditorwiththeBankorascreditorexclusivelywiththerighttotheBanktocontinuetoexerciseallpowerhereunderon

behalfofsuchthirdpartyandtopayoversuchoutstandingandduestosuchthirdpartyand/ortotheBankastheBankmaydirect.Anycostin

this behalf, whether on account of such sale, assignment or transfer or enforcement of rights and recovery of outstandings and dues shall be to

the account of the Borrower and Guarantor(s). The Borrower and Guarantor(s) acknowledges and undertakes to pay to third parties the

differencebetweentheloanamountoutstandingandtheamountreceivedbytheBankintheeventoftransferoftheportfolioathirdparty.The

thirdpartyshallhavetheauthoritytocollectthedueamounts.

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20.2 TheBorrowerand/ortheGuarantor(s)expresslyagrees,recognisesandacceptsthattheBankshallbeabsolutelyentitledandfullpowerand

authority to securities in whole or in part, and / or whether with or without the underlying security the loan along with all the amounts outstanding

thereon,insuchmannerandonsuchtermstheBankmaydecide,irrespectiveofwhethertheBankgivestheborrowerand/ortheguarantor

anynoticeregardingthesame.

20.3 TheBankmaydisclosetoapotentialassigneeortoanypersonwhomayotherwiseenterintocontractualrelationswiththeBankinrelationto

thisAgreementsuchinformationabouttheBorrowerastheBankshallconsiderappropriate.

21. THE BANK WILL NOT BE LIABLE FOR ANY

 Notwithstandinganythingcontainedherein:-

21.1TheBankshallnotinanywayberesponsiblefordelay,omissionorneglectinencashment,damageorlossofanycheques(alreadygivenor

tobegivenbytheBorrowertotheBankintermshereof)foranyreasonswhatsoever,and/orshallbepayablebytheBankforbeingappliedin

terms of Clause 19 and / or,

 21.2 TheBankshallnotberesponsiblefordelay,ornon-delivery,oranydefect,damage,orqualityoftheAsset.ItisfurtheragreedthattheBank

shall not be responsible or liable even if there is a defect or dispute of any nature in the title (even if the Asset is found to be a stolen Asset)

orownershipoftheAsset.

22. SEVERABLITY

If any provision of this Agreement is invalid or unenforceable or prohibited by law where that provision is to be performed, this Agreement shall be

considered divisible as to such provision and such provision shall be inoperative and shall not be part of the consideration moving from any party

heretototheotherandtheremainderofthisAgreementshallbevalidandbindingandoflikeeffectasthoughsuchprovisionwasnotincluded

herein.

23. CONSENT TO DISCLOSURE

23.1 TheBorrowersauthorizeHDFCBanktodisclose,fromtimetotimeanyinformationrelatingtotheLoantoanyparent/subsidiary/afliate/

associateentityofHDFCBank,andtothirdpartiesengagedbyHDFCBank,forpurposessuchasmarketingofservicesandproducts.

23.2 TheBorrower/Guarantorunderstandthatasapre-condition,relatingtograntoftheloans/advances/othernon-fund-basedcreditfacilities

tome/us,theBank,requireshis/her/theirconsentforthedisclosurebytheBankof,informationanddatarelatingtohim/her/them,ofthe

credit facility availed of / to be availed, by him / her / them, obligations assumed/to be assumed, by him / her / them, in relation thereto and

default,ifany,committedbyhim/herAhem,indischargethereof.

23.3. Accordingly,TheBorrower/GuarantorherebyagreeandgiveconsentforthedisclosurebytheBankofalloranysuch;

a) Information and data relating to him / her / them;

b)Theinformationordatarelatingtoanycreditfacilityavailedof/tobeavailed,byhim/her/themand

c) Default,ifany,committedbyhim/her/them,indischargeofhis/her/themsuchobligation.

  AstheBankmaydeemappropriateandnecessarytodiscloseandfurnishtoCreditInformationBureau(India)Limitedandanyotheragency

authorisedinthisbehalfbyRBI.

23.4. TheBorrower/Guarantordeclarethattheinformationanddatafurnishedbyhis/her/themtotheBankaretrueandcorrect.23.5The

Borrower/Guarantorundertakethat

(a)theCreditInformationBureau(India)Limitedandanyotheragencysoauthorisedmayuse,processthesaidinformationanddatadisclosed

bytheBankinthemannerasdeemedtbythem;and

(b)theCreditInformationBureau(India)Limitedandanyotheragencysoauthorisedmayfurnishforconsideration,theprocessedinformation

anddataorproductsthereofpreparedbythem,tobanks/nancialinstitutionsandothercreditgrantorsorregisteredusers,asmaybe

speciedbytheReserveBankinthisbehalf.

24. COMMUNICATION/NOTICES/CORRESPONDENCE

24.1 Anynotice,approvals,instructions,demandandothercommunicationsgivenormadebytheBankshallbedeemedtobedulygivenand

served if sent by courier, normal post, registered post, facsimile, electronic mail, personal delivery, sms or by pre-paid registered mail

addressedtotheBorrower’saddress,phone/mobilenumber,faxnumberoremailasgivenintheApplication(orattheaddresschangedon

whichBank’sacknowledgementisdulyobtainedashereinaftermentioned)andsuchnoticeandserviceshallbedeemedtotakeeffecton

thethirdworkingdayfollowingthedateofthepostingthereofincaseofcourier,normalpost,registeredpost,atthetimeofdeliveryifgiven

by personal delivery, upon receipt of a transmission report if given by facsimile, upon sending the electronic mail or sms if given by electronic

mailorsms.

24.2 Everynotice,request,demandorothercommunicationissuedbytheBorrower(s)/GuarantortotheBankunderthisAgreement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, and if given,

byregisteredpostacknowledgmentdue,48hoursafterithasbeenputintopost;and

 (c) besenttotheBankatitsLendingOfceAddressaspertheScheduleortosuchotheraddressastheBankmayinwritinghereafternotify

totheBorrower(s)/Guarantor.

24.3 Eitherpartymay,fromtimetotime,changeitsaddress,EmailID,PhoneandMobilenumberasprovidedinapplicationformorrepresentative

forreceiptofnoticesorothercommunicationsprovidedforinthisAgreementbygivingtotheothernotlessthan2workingdayspriorwritten

noticetotheParty.

24.4 In all correspondence, the Account Number and also the full Registration Number of the Vehicle/Equipment details , i.e. the Vehicle /

EquipmentRegistrationNumber,EngineNumberandChassisNumbershouldbequotedbytheBorrower(s)/Guarantor.

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25. FAX INDEMNITY

TheBorrower(s)/Guarantor(s)herebyconsentsandspecicallyconrmsthattheinstructionsgivenbytheBorrower(s)/Guarantor(s)totheBank

by way of facsimile or via email (irrespective of whether such instructions so given are electronically signed or not, or are only scanned instructions

emailedto theBankby theBorrower(s)/ Guarantor(s)orauthorized signatory(ies)ofthe Borrower(s)/Guarantor(s)) (“VirtualInstructions”)to

performcertainactswhichmaybepermittedbytheBankfromtimetotime,shallbevalid,effectiveandlegallyenforceableagainsttheBorrower(s)

/Guarantor(s).Forthepurposehereofanemailshallbedeemedtobe“ElectronicallySigned”ifthesamehasbeenencrypted/authenticatedby

usinganelectronicmethodorprocedureinaccordancewiththeprovisionsoftheInformationTechnologyAct,2000orinanyothermanner/method

/ procedure / technique as is recognized / envisaged as a valid method of encryption / authentication under the provisions of the Information

TechnologyAct,2000.

 The Borrower(s)/ Guarantor(s) shall ensure that the  Virtual Instructions shall be  sent to such facsimile number/ email address as may be

communicatedby the Bankto the Borrower(s)/Guarantor(s) fromtimeto time.TheBorrower(s)/Guarantor(s) shallupongiving suchVirtual

Instructions,delivertotheBankwithoutanydelaywithin3(three)businessdays,theoriginalhardcopyoftheVirtualInstructions(“Hardcopy”)

signedbytheBorrower(s)/Guarantor(s).EachHardcopyshallbeaccompaniedbyanoteoracoverslipwhichshallstatethat“ThisisaHardcopy

ofthefax/emailinstructionstoyoufromM/s/Mr./Mrs._________(NameofBorrower(s)/Guarantor(s)sent/transmittedon____dayof_____at

approximately____a.m./p.m.”.Incaseofnon-receiptofsuchHardcopy,withinthestipulatedperiod,Bankmaywithdrawsuchfacilitywithoutany

furtherintimation.TheBankshallbeentitledtorelyupontheVirtualInstructionssoreceivedandtoactuponthesamewithoutbeingrequiredor

expectedtocarryoutanindependentvericationastotheauthenticityorvalidityoftheVirtualInstructions.PROVIDEDhowever,thattheBank

may,butshallnotbeobligedto,awaitreceiptoftheHardcopypriortotakinganyactioninconnectionwiththeVirtualInstructions.TheBorrower(s)/

Guarantor(s)agreesthatnotwithstandinganythingcontrarycontainedherein,theBankshallnotbeobligedtoactontheVirtualInstructionsso

received,iftheBank,ingoodfaith,believe/suspectthatsuchVirtualInstructions(i)arenotgenuine(ii)havenotbeensentbyBorrower(s)/

Guarantor(s)(iii)thereisanerrorintransmissionorreceiptofsuchinstructionsorinstructionsareincomplete/incorrect(iv)thereisanyambiguity,

lackofclarityorincompletenessintheinstructions.TheBorrower(s)/Guarantor(s)furtheragreesthattheBankshallnotbeliableorresponsiblefor

not acting on the basis of any Virtual Instructions in the circumstances mentioned above or any consequences of whatsoever nature including,

withoutlimitation,anylosses,damagesand/orexpensesincurredbyBorrower(s)/Guarantor(s)arisingasaresultoforpursuanttotheBanknot

actingonthebasisofanyVirtualInstructionsasaforesaid.TheBorrower(s)/Guarantor(s)acknowledgesandisawarethattheVirtualInstructions

arenotasecureorerrorfreemodeofcommunicationandisawareofthepossiblerisksinvolvedtherein.TheBorrower(s)/Guarantor(s)isaware

thattheyhavetheoptionofnotavailingsuchfacility,however,theBorrower(s)/Guarantor(s)acknowledgesandconrmsthattheBorrower(s)/

Guarantor(s)has,forits/his/her/theirconvenienceandafterbeingfullyawareof,andhavingdulyconsideredtherisksinvolved(whichrisksshall

bebornefullybytheBorrower(s)/Guarantor(s)),optedforsuchfacilityoftheirownfreechoiceandhaverequestedtheBanktorelyuponandact

ontheVirtualInstructions.TheBorrower(s)/Guarantor(s)iswillingandagreeabletobearallassociatedrisks,responsibilityandliabilityofany

misuseorunauthoriseduseofthefacility,andinthisregardherebyindemnifyandkeepindemniedtheBankatalltimesagainstanyandallclaims,

demands,actions, suits/proceedingsledagainsttheBank includingconsequential losses,damages, costs,liabilities andexpenses incurred/

sufferedorpaidorrequiredtobepaidbytheBankinconnectionwithVirtualInstructionsprovidedbytheBorrower(s)/Guarantor(s)orclaimedto

havebeensentbyBorrower(s)/Guarantor(s)orAuthorisedSignatoriesofBorrower(s)/Guarantor(s)andreceivedbytheBank.

 Notwithstandinganythingcontainedhereinabove,theBankmayatanytimewithoutassigninganyreasonwithdraw/terminatethefacilitygivento

theBorrower(s)/Guarantor(s).However,anysuchterminationshallnotaffectanythingdoneoranyrightsorliabilitiesaccruedorincurredpriorto

theterminationandtheindemnitygiventotheBankhereinaboveshallsurviveanysuchtermination.

26. BENEFIT OF AGREEMENT

26.1 ThisAgreementshallbebindinguponandensuretothebenetofeachpartyheretohis/her/itsheirs,executors,administratorslegal

representativeandsuccessors(asthecasemaybe)subjecttoClause1,Clause6andClause14.

26.2IncaseofthedeathoftheBorrower,wheretheBorrowerisanindividualthelegalrepresentativeshalldothefollowing:

i) ApplyundertheMotorVehiclesAct1988togettheAssettransferredinhisname.

ii) ReplacethePost-datedcheques,Insurancepremiumcheques,fees,chargesandresidualchequessignedbythedeceasedBorrower,in

thesamemannerasprovidedinthisAgreementasifheweretheBorrowerintherstinstance.

iii) ExecuteafreshAgreement,PowersofAttorneyandsuchotherdocuments,asrequiredbytheBank.ProvidedthattheBankshallbeentitled

toexerciseitssolediscretion indeterminingwhetherornot toenterintoanAgreementetc. withthelegalrepresentativeand subjectto

further,thelegalrepresentativemeetingtheBank’screditcriteriaandotherrequirementsfromtimetotime.Incasethelegalrepresentative

doesnotorrefusestofollowtheaboveprocedureordoesnotmeetwiththeBank’screditandotherrequirementstheBankshallbeentitled

to,atItssolediscretionrepossess/disposeoff/sell/transfertheAssettoanythirdpartyortoathirdparty,whichtheBankshallnominate

andtheshortfallonsuchrecoveryshallberecoveredfromthelegalrepresentative.

26.3 TheBorrowerandorGuarantor(s)shallnotassignortransferalloranyofitsrights,benetsandobligationshereunderexceptwiththeprior

writtenpermissionoftheBank.

26.4TheBorrowerandtheGuarantor(s)expresslyagrees,recognizesandacceptsthattheBankshallbeabsolutelyentitledandhavefullpower

andauthoritytosell,assignortransferinanymanner,inwholeorinpart,andinsuchmannerandonsuchtermsastheBankmaydecide,

includingreservingarighttotheBanktoretainitspowerhereundertoproceedagainsttheBorroweronbehalfofthepurchaser,assigneeor

transferee,anyoralloutstandingsandduesoftheBorrowertoanythirdpartyoftheBanks’choicewithoutreferencetoorwithoutwritten

intimationbytheBankortotheBank,anysuchactionandanysuchsale,assignmentortransfershallbindtheBorrowertoacceptsuchthird

partyascreditorexclusivelyorasajointcreditorwiththeBank,orascreditorexclusivelywiththerighttotheBanktocontinuetoexerciseall

powershereunderonbehalfofsuchthirdpartyandtopayoversuchoutstandingsandduestosuchthirdpartyand/ortotheBankasthe

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Bankmaydirect.Anycostinthisbehalf,whetheronaccountofsuchsale,assignmentortransferorenforcementofrightsandrecoveryof

outstandings and dues shallbe to the account of the Borrower.The Borrower acknowledges and undertakes topay to third parties the

differencebetween theloanamount outstanding andthe loan amountoutstandingand the amountreceivedby theBankin the eventof

transferoftheportfolioathirdparty.Thethirdpartyshallhavetheauthoritytocollectthedueamounts.

27. MISCELLANEOUS

27.1 NotwithstandinganythingmentionedintheloandocumentswetheBorrower(s)acknowledgethattheBankreservesanunconditionalright

tocancel/terminateourrighttoavailoformakedrawalsfromtheunavailedportionoftheLoansanctionedatanytimeduringthecurrency

oftheLoan,withoutanypriornoticetous.

27.2 TheScheduleattachedhereofshallformpartandparcelofthis‘‘CompositeAgreementforLoanandGuarantee”.

27.3TheBorrowerexpresslyagreesthatanydealer/supplier/manufacturer/sellerfortheAsset,byorthroughwhomthistransactionmayhave

supplier/themanufacturer/selleroftheVehicle/EquipmentandthattheBankshallnotbeIiableforanyrepresentationsorstatements

madebysuchdealer/supplier/manufacturer/sellertotheBorrowerhavebeenintroduced,negotiatedorconductedshallnotbedeemed

tobeanagentoftheBanknorshalltheBankbedeemedtobetheagentofsuchdealer/supplier/themanufacturer/selleroftheAssetand

thattheBankshallnotbeliableforanyrepresentationsorstatementsmadebysuchdealer/supplier/manufacturer/sellertotheBorrower.

27.4Noforbearance,indulgenceorrelaxationorinactionbytheBankatanytimetorequireperformanceofanyoftheprovisionsofthisAgreement

shallinanywayaffect,diminishorprejudicetherightoftheBanktorequireperformanceofthatprovisionandanywaiveroracquiescence

by any party of or in any breach of any of the provisions of this Agreement shall not be construed as a waiver of or acquiescence in any

continuing or succeeding breach of such provisions, a waiver of any right under or arising out of this Agreement or acquiescence in or

recognitionofrightsand/orpositionotherthanthatexpresslystipulatedinthisAgreement.

27.5 All remedies of the Bankunder thisAgreement whether provided herein or conferredby statute, civil law, custom or trade usages are

cumulativeandnotalternativeandmaybeenforcedsuccessivelyorconcurrently.

27.6NomodicationoramendmentofthisAgreementandnowaiverofanyofthetermsorconditionshereofshallbevalidorbindingunlessmade

inwritinganddulyexecutedbyalltheparties.

27.7 ThisisacontinuingAgreementandalltherights,powersandremedieshereundershallapplytoallpast,presentandfutureobligationsof

theBorrowerandtheGuarantor(s)totheBank,includingthosearisingundersuccessivetransactionswhichshalleithercontinueexisting

obligations,increaseordecreasethemorfromtimetotimecreatenewobligationsafteranyorallpriorobligationshavebeensatised,and

notwithstandingthedeath,incapacity,orbankruptcyoftheBorrowerortheGuarantor(s),oranyother eventorproceedingaffectingthe

BorrowerortheGuarantor(s).

27.8 Theheadingsofthearticlesandothersub-divisionsoftheAgreementhavebeeninsertedforconvenienceofreferenceonlyandshallnot

bedeemedtoconstituteaparthereofnorshallthesameeffecttheinterpretationofanypartoftheAgreement.

27.9InthisAgreement,ifthecontextpermitsorrequireswordsimportingthemasculinegendershallincludethefeminineandneutergenders,

andwordsinthesingularnumbershallincludetheplural-andviceversa.

28. EXPENSES OF THE AGREEMENT

All costs (including advocates cost), charges, expenses, taxes, duties (including stamp duties) registration charges in connection with the

agreement, any document executed pursuant hereto and the creation, enforcement, realization or attempted realization of any security, insuring

andtakingpossessionof,maintaining,storageandsellingofthevehicleshallbeincurredandpaidbytheBorrower(s)alone.Intheeventthestamp

chargesasaforesaidarepaidbytheBankontheBorrower’sbehalf,theBorrowershallreimbursethesameatactualstotheBankwithin24hours

oftheBank’sdemand.

29. ACCEPTANCE

29.1TheBorrowerhasreadtheentireAgreementincludingthedetailsgiveninSchedulewhichhavebeenlledinthepresenceoftheBorrower.

TheBorrowerherebyexpresslyandirrevocablyagreetobeboundbyalltheconditionsincludingthedetailsinSchedule.

29.2 TheaforementionedAgreementandotherdocumentshavebeenexplainedinthelanguageknowntotheBorrowerandtheBorrowerhas

understoodtheentiremeaningofthevariousclauses.

29.3TheBorrowerisawarethattheBankshallagreetobecomeapartytothisAgreementonlyaftersatisfyingitselfwithregardtoallconditions

anddetailslledbytheBorrowerintheApplicationfortheLoanandAgreementinconsonancewiththeBank’spolicy.

29.4 TheBorroweragreesthatthisAgreementshallbedeemedtocommenceandbecomelegallybindingonthedatewhentheauthorizedofcer

oftheBanksignsthisAgreementatthecitywheretheLendingOfceoftheBankissituated.Itshallbeinforcetillallthemoniesdueand

payabletotheBankunderthisAgreementaswellasallotherAgreements,document(s)thatmaybesubsisting/executedbetweenthe

Borrowerand/ortheGuarantor(s),arefullypaid.

30. GOVERNING LAW, JURISDICTION AND ARBITRATION

ThisagreementshallbeconstruedinaccordancewiththelawsofIndia.

ThePartiesheretoexpresslyagreethatalldisputesarisingoutofand/orrelatingtothisAgreementincludinganyCollateralDocumentshallbe

subjecttotheexclusivejurisdictionofthecourts/tribunalsofthecityinwhichtheLendingOfceissituated.Providedthattotheextentallowedby

law,theBankshallbeentitledtotakeproceedingsrelatingtoadisputeinanycourt/tribunalofanyplacewithjurisdiction.Providedfurtherthatif

anydisputearisingunderthisAgreementisbelowthepecuniaryjurisdictionlimitoftheDebtRecoveryTribunalsestablishedunderRecoveryof

DebtsDuetoBanksandFinancialInstitutionsAct,1993(51of1993), thensuchdisputeshallbereferredtoarbitrationinaccordancewiththe

provisionsoftheArbitrationandConciliationAct,1996asmaybeamended,oritsre-enactment,byasolearbitrator,appointedbytheBank.The

arbitrationproceedingshallbeconductedintheEnglishlanguage.TheawardpassedbythearbitratorshallbenalandbindingontheParties.

ThecostsofsucharbitrationshallbebornebythelosingPartyorotherwiseasdeterminedinthearbitrationaward.Thevenueofthearbitration

13/19 13/19

TC99060013

Page 14 of 26

shallbetheecityinwhichtheLendingOfceissituatedorsuchotherplaceasmaybedeterminedbytheBank.Ifapartyisrequiredtoenforcean

arbitralawardbylegalactionofany kind,the partyagainst whomsuchlegalactionistakenshallpayall reasonablecosts andexpenses and

attorney’sfees,includinganycostofadditionallitigationorarbitrationtakenbythepartyseekingtoenforcetheaward

WITNESS DECLARATION IF BORROWER(S)/GUARANTOR(S) SIGNS IN VERNACULAR LANGUAGE:

The contentsofthe Loan application and Agreement have been explained by me to the

Borrower/Co-Borrower/

Guarantor

in _____________________________________________________________________ (name

of language in which

Borrower/Co-Borrower/Guarantor

has signed) and the same have been understood by the

Borrower/Co-Borrower/Guarantor

Name of Witness Address of Witness Signature of Witness

The Borrower/Co-Borrower/Guarantor hereby expressly acknowledge and conrm that the  Borrower/Co-Borrower/

Guarantorhaveread,veried,understood,irrevocablyagreedtoandacceptedallthetermsandconditionscontained

inPageno.1toPageno.14andherebyrecordandagreetoabidebythesamebyafxingsignaturebelow

IN WITNESS WHEREOF, THE PARTIES HERETO HAVE SIGNED THIS AGREEMENT IN ACCEPTANCE OF ALL TERMS AND CONDITIONS

STATED ABOVE AND IN SCHEDULE TO THE AGREEMENT ON THE DAY, MONTH AND YEAR FIRST MENTIONED

Borrower Name Borrower Signature

In case of companies, common seal

to be afxed in accordance with the

Articles.

In case of partnership rms,

authorised partner to sign.

In case of sole proprietary

concerns, sole proprietor to sign.

Co-Borrower(s) Name Co-Borrower(s) Signature

Guarantor(s) Name Guarantor(s) Signature

Bank Ofcer Name Bank Ofcer Signature

14/19 14/19

TC99060014

S 1

Afx

Common

seal of the

company

Page 15 of 26

SCHEDULE

LoanAgreementNo. Place of Agreement

Agreement Date

DD/MM/YYYY

BorrowingPurpose

(Personal / Commercial Use)

Bank’sConcernBranch BorrowersConstitution

NameandAddressoftheBorrower

NameandAddressofthe

Co-Borrower

NameconstitutionandAddressof

theGuarantor

LOAN DETAILS

Dealer/Manufacturer/Seller

Name

Asset Cost

Rs. Loan Amount Rs.

LoanTenure

_________________________Months

(A)FixedInterestRate

(Customer-IRR)

(B)BankLinked

InterestRate

_______________%perannum

BPLRLinkedInterestRateisequalto

Benchmark

PLR(+)(-)_______% p.a.

=_____%p.a

EMISchemeArrears/Advance

EMIDueDate Of every month InstallmentFrequencyMonthly

/Bi-Monthly/Differential/

Balloon/Bullet

CHARGES

EMIReturnCharges* Rs.550/-perinstance Processing Fees Amount

(Notrefundable)*

Rs.

Valuation Charges (On Used

Vehicles / Equipments)

At Actuals ServiceCharges* Rs.

Cheque/ACHSwappingCharges Rs.500/-pertransaction DuplicateorSpecialNOC Rs.500/-PerNOC

CIBILReportCharges(onrequest). Rs.50/-perrequest

FORECLOSURE / LOAN PREPAYMENT CHARGES Late Payment Charges 2%permonthonunpaidEMI

Within12monthsfromthe1stEMI* 4% on the Principal Outstanding Duplicate Amortisation

Schedule Charges

Rs.200/-perschedule

After12monthsfromthe1stEMI* 2% on the Principal Outstanding LoanRe-schedulement/Re-

bookingcharges

Rs.1000/-

Stamp Duty Charges

(As per applicable laws of the

State)

At Actual Legal / Collections /

RepossessionandIncidental

Charges

At Actual

Intheeventofcancellationofloan,interestchargesfromdisbursementdatetillrefundofdisbursementamountwillbebornebythecustomer.

ProcessingFee,StampDutyarenon-refundablechargesandwouldnotbewaived/refundedincaseofloancancellation.

*Where ever notied Service Tax and other government levies, as applicable, would be charged additionally at the applicable rates.

Details of Post Dated Cheques handed over to the Bank

I/Weconrmhavinghandedoverthebelowdetailedcheques/instrumentstowardsrepaymentofEMIorsecuritychequefortheloan

taken/tobetakenfromHDFCBankLimited.Allchequesaredrawninfavourof“HDFCBANKLIMITEDA/c______________Loan

andhavealsorecordedmyname/LoanAgreementNo.onthereverseofthecheques.ThesaidRepaymentinstructionshavebeen

providedby_______________(MentionBorrower/Co-borrower).

Drawee

Bank

Branch

Bank Ac-

count No.

MICR

Code

Cheque

Amount

Cheque No. Cheque Date

Cheque

Purpose(i.e.

EMI or Security

or Cancelled

Cheque)

From To From To

15/19 15/19

SC99060001

Borrower Signature Co-Borrower(s) Signature Guarantor(s) Signature Bank Ofcer Signature

In case of companies, common seal to be afxed in accordance with the Articles. In case of partnership rms, authorised partner to sign. In case of sole proprietary concerns, sole proprietor to sign.

S 2

Afx

Common

seal of the

company

Page 16 of 26

16/19 16/19

SC99060002

Details of Vehicle(s) / Equipments cum Payment Instruction (Part of Schedule)

I II III IV V

New/Used

Makeand

Model&Yearof

Manufacture

Asset Cost

Finance Amount

No.ofAdvance

EMI

AdvanceEMI

Amount

No.ofEMI

EMIAmount

Due

Date

From

Regn.No.

EngineNo.

ChassisNo.

NameofDealer/

Seller

Address of

Dealer / Seller

Payment instruction for Vehicle(s)/Equipment(s) loan availed from HDFC Bank Ltd.

I/WeherebyrequestthatthefullamountoftheVehicle(s)Loan(afterdeductingtheinsurancepremiumamountandanychargesasapplicabletherefrom)thatyou

agreedtogranttomeforpurchaseofVehicle(s)Mentionedabove,bedisbursed(paid)totherespectivedealer(s)whosenameandaddresshasbeenalsomentioned

above.I/Weagreethatwewillbeguidedbythetermsandconditionspertainingtothepaymenttodealerasmentionedintheagreementbooklet.

I/WeconrmhavingbookedtheVehicle(s)/Equipment(s)fromtheaboveDealer(s)andwouldbetakingdeliveryofthesamefromtheDealer.

I/WeherebyauthorizeHDFCBankLtd.(“theBank”)todisburse/paytheVehicle(s)/Equipment(s)loanamount(afterdeductingtheinsurancepremiumamountandany

chargesasmaybeapplicabletherefrom)directlytotheDealer(s),whosename,addressanda/cnumberarementionedabove,asperthetermsoftheAgreement.I/

WealsoauthorizetheBanktopaytheDealer(s)(fromthecharge/spaidbyme/us)anyamountthatyoumayconsiderappropriateforprocessingtheloanapplication,

assistingyouinperfectingyoursecurityinterestintheVehicle/s/Equipment(s).

I/WeconrmthatincaseofanycancellationofpurchaseofaboveVehicle(s)/Equipment(s),I/weauthorizeandinstructtheaboveDealer(s)torefundthebookingmoney

toyou.

Borrower Name Borrower Signature

In case of companies,

common seal to be

afxed in accordance with

the Articles. In case of

partnership rms,

authorised partner to sign.

In case of sole proprietary

concerns, sole proprietor

to sign.

Co-Borrower(s) / Name Co-Borrower(s) / Signature

Guarantor (s) Name Guarantor (s) Signature

Afx

Common

seal of the

company

S 3

Page 17 of 26

17/19 17/19

SC99060003

Details of Vehicle(s)/Equipment(s) cum Payment Instructions (Part of Schedule)

VI VII VIII IX X

New/Used

Makeand

Model&Yearof

Manufacture

Asset Cost

Finance Amount

No.ofAdvance

EMI

AdvanceEMI

Amount

No.ofEMI

EMIAmount

Due

Date

From

Regn.No.

EngineNo.

ChassisNo.

NameofDealer/

Seller

Address of

Dealer / Seller

Payment instruction for Vehicle(s)/Equipment(s) loan availed from HDFC Bank Ltd.

above.I/Weagreethatwewillbeguidedbythetermsandconditionspertainingtothepaymenttodealerasmentionedintheagreementbooklet.

I/WeconrmhavingbookedtheVehicle(s)/Equipment(s)fromtheaboveDealer(s)andwouldbetakingdeliveryofthesamefromtheDealer.

assistingyouinperfectingyoursecurityinterestintheVehicle/s/Equipment(s).

toyou.

Borrower Name Borrower Signature

In case of companies,

common seal to be

afxed in accordance with

the Articles. In case of

partnership rms,

authorised partner to sign.

In case of sole proprietary

concerns, sole proprietor

to sign.

Co-Borrower(s) / Name Co-Borrower(s) / Signature

Guarantor (s) Name Guarantor (s) Signature

Afx

Common

seal of the

company

S 4

Page 18 of 26

Key Fact Statement

Commercial Vehicle Loan

1 Loan amount Rs.__________________

2 Loan term ___________________Months

3 Interest type FIXED

(a) Interest chargeable (In case of

FloatingRateLoans)

(a)NotApplicable

(b) Interest chargeable (In case of Fixed

RateLoans)BankIRR=CustomerIRR (b)………….….%

5 Date of reset of interest NotApplicable

Modeofcommunicationofchangesin

interest rates

NotApplicable

7 Fee payable

On application

(Pl individually specify all type of fee )

As per Loan Schedule

During the term of the loan

(Pl individually specify all type of fee )

As per Loan Schedule

On foreclosure

(Pl individually specify all type of fee )

As per Loan schedule

Fee refundable if loan not sanctioned/

disbursed

NotApplicable

Conversion charges for switching from

oatingtoxedinterestandvice-versa

NotApplicable

f Penalty for delayed payments As per loan schedule

8 EMIpayable Rs.___________________

9 Details of security/collateral obtained HypothecationofVehicle.

10

Date on which annual outstanding

balance statement will be issued

31stMay

BankOfcerSignature

18/19 18/19

KY99060001

Page 19 of 26

Customer SI Debit Authorisation form

Date:________________     

LoanAgreementNo:

________________

TheBranchManager,

HDFCBankLimited.

Dear Sir/Madam,

Ihave takena__________________ loanfromHDFCBankand wouldliketo availof theStandingInstruction

facility

offeredbyyourbanktomakerepaymentstowardsmyloan.

I, therefore, requestyoutoacceptthismandatetodebitmyAccountNumber

towards recovery of repayment dues of my loan account as per due dates & terms and conditions mentioned in the

loan agreement schedule or as per revised instructions basis requirements as communicated from my end in line

withtheBank’spolicy.

IundertaketomaintainsufcientbalancestocovertheLoanRepaymentDues(andcharges,ifany)onthestipulated

duedates.Ialsounderstandthatfailuretorepaymyloanamountthroughthisstandinginstructionshallbetreated

as a default in repayment of dues and all charges/penalties/levies as covered by the agreement will hold good

towardsthenonpaymentofobligations.

Please treat this as an irrevocable communication as an authorization to debit my account every month with the

requiredamountstowardstherepaymentofmyloan.

In the event ofthe above account getting closed/transferred for any reason, I/Wewill intimate to the Bank the

newaccountopenedwiththebanktodebittheLoanRepaymentAmountsaspertheagreement.Further,I/We

undertaketheresponsibilitytoprovidethefreshsetofMandateandsecurityPDCsforsuchnewaccount,asper

termsoftheagreementinlieuofexistinginstructions.

IalsounderstandandacceptthattheBankwillhavetherighttoset-off,withoutpriorintimationtome,theavailable

balances in the designatedaccountforrecoveryofoverdueinstallmentsand/orcharges(ifany)intheloanaccount.

Thankingyou,

Yourstruly,

Customer / Account Holder Name Customer / Account Holder Signature

(*Please afx a rubber stamp in case of companies, proprietorships, partnerships etc.)

19/19 19/19

SI 99060001

S 5

Page 21 of 26

IRREVOCABLE POWER OF ATTORNEY

TO ALL TO WHOM THESE PRESENTS SHALL COME l/WetheundersignedGrantor/s/”Borrower/sdetailsaresetoutinSchedulehereunderwritten,SEND

GREETINGS:

The expression “Grantor/s” / ‘‘Borrower/s”,unless itbe repugnant to the context or meaning thereof, shallmean and include: in the event that the Grantor/s /

Borrower/sisaCompanywithinthemeaningoftheCompaniesAct,2013oraLimitedLiabilityPartnership,incorporatedundertheLimitedLiabilityPartnershipAct,

2008,itssuccessors;intheeventthattheGrantor/s/Borrower/sisapartnershiprmforthepurposesoftheIndianPartnershipAct,1932,thepartnersforthetime

beingandfromtimetotimeandtheirrespectivelegalheirs,executorsandadministrators;intheeventthattheGrantor/s/Borrower/sisasoleproprietorship,the

soleproprietorandhis/herlegalheirs,administratorsandexecutors;intheeventthattheGrantor/s/Borrower/sisajointHinduUndividedFamily,theKartaandany

oreach ofthe adultmembers ofthe HUFand theirsurvivor(s)and his/ her/ theirrespective heirs,executors, administrators;in theevent thatthe Grantor/s/

Borrower/sisaSociety,themembersofthegoverningbodyoftheSocietyandanynewmemberselected,appointedorco-opted thereon;intheeventthatthe

Grantor/s/Borrower/sisaTrust,theTrusteeorTrusteesforthetimebeinghereofandtheirrespectiveheirs,executors,administratorsandsuccessors;intheevent

thattheGrantor/s/Borrowerisanindividual,his/herheirs,administratorsandexecutors.

WHEREAS:

1. HDFCBANKLIMITED.(hereinafterreferredtoas“the Bank” having one of its branches at the place mentioned in Schedule hereunder written (hereinafter

referred to as “the Lending Ofce”)attherequestoftheBorrowerandtheGrantor(s)asspeciedinanAgreement-cum-Guarantee,asmentionedinthe

Schedule hereunder (“the Agreement”) has granted / agreed to grant such amounts as mentioned in the Schedule hereunder (“the Loan”)totheBorrower

for acquiring the Asset more particularly described in the Schedule hereunder written (“the said Asset”).

2. PursuanttothetermsandconditionsoftheAgreement,theGrantor/s/BorrowerhasagreedtohypothecatetoandchargeinfavouroftheBankbywayofrst

andexclusivechargethesaidAssetmoreparticularlydescribedhereunder.

3. InconsiderationoftheBanksanctioningtheLoanasperthetermsandconditionsoftheAgreement,andtofurtherassureandenabletheBanktocarryout

thetermsandconditionsoftheAgreementthereofl/WedoherebyexecuteanIrrevocablePowerofAttorneyinfavouroftheBanktodothefollowingactsand

onbehalfofme/us,theGrantor/s/Borrower.

NOW KNOWING ALL AND THESE PRESENTS WITNESS THAT I/Wedoherebyirrevocablynominate/constituteandappointtheBankactingthroughanyofits

ofcersasmy/ourtrueandlawfulattorneyformeusonmy/ourbehalfandatmy/ourcostandrisktodo,executeandperformalloranyofthefollowingacts,

deeds, matters and things that is to say:

1. ToexecuteandcompleteinfavouroftheBankoritsnomineeanydocumentswhichtheBankmayrequireforperfectingitstitletoorforvestingthesaidAsset

intheBankoritsnomineeoranypurchaserthereof.

2. TodisbursetheLoanamountforpurchaseofthesaidAssetdirectlytothedealer/sellerandobtainareceiptforsuchpaymentfromthedealer/seller.

3. Totake inspectiondirectly orto engageanyAdvocate, CharteredAccountant orregisteredtrade practitionerfor takinginspection ofmy /our Incometax

return/sandassessmentproceedings,Appealproceedingsetc.relatingtothecurrentandpreviousAssessmentyears.ThisauthorityisbeinggiventotheBank

toenabletheBanktoverifytheveracityofvariousrepresentationsmadebyme/ustheundersigned,forseekingLoanfromtheBank.

4. To appearbefore theofce of RegistrationAuthority, RegionalTransportOfcer,Sales Tax Ofcer, Registrar ofCompanies andother authorities through

AdvocatesoranysuchauthorisedpersondeemednecessarybytheBanktoeffectendorsementofhypothecationintheregistrationcerticateandtransferthe

Assetwhennecessary.

5. Toobtain,receive,demandorcollectanyforms,certicates,registrationbooks,bookingorder,insurancepoliciesorotherdocumentsfromanyRegistering

Authority,manufacturersofthesaidAssetand/oritsdealers.

6. TotakepossessionofthesaidAssetincaseofdefaultandforthatpurposeenterthepremiseswherethesaidAssetisparked,aspertermsoftheAgreement.

7. Totransfer,sellordisposeofthesaidAssetandtosignandexecutealloranyforms,declarationsorinstrumentsasmaybenecessaryorexpedientforgiving

effecttothedeliveryofthesaidAssettothepurchaserthereof.

8. Toappointorengageanybroker,dealerorauctioneerforeffectinganysuchtransfer,saleordispositionofthesaidAsset.

9. Tosign,executenecessaryforms,documentsortogivenoticetotheappropriateRegisteringAuthorityforeffectingtransferofthesaidAssetinfavourofthe

purchaser.

10. Toreceivetheconsiderationofthesale,transfer,dispositionordealingofthesaidAssetandissueproperreceiptorreceiptstogiveavalidandeffectual

dischargeforsuchconsideration.

11. Totakedelivery,actualpossessionorcustodyofthesaidAssetasandwhendemandedbytheBank.Toappointorengageanybrokerorotheragentfortaking

possessionoreffectingdeliveryofthesaidAsset.

12. TosignanddeliverorotherwiseperfectthehypothecationcreatedortobecreatedonthesaidAssetandtodoallsuchacts,deedsandthingsasmaybe

requiredforexerciseoforanyofthepowersherebyconferred.

13. Tosign anddeliverthe necessaryformsthatmayberequiredto beledor necessarywiththe RegisteringAuthority orotherauthorities undertheMotor

VehiclesActoranyotherlawforthetimebeinginforcetorecordthechargeofhypothecationonthesaidAsset,createdortobecreatedinfavouroftheBank.

14. Topayanyfees,charges,penalties,imposts,premiums,taxesorotherimpositionstoanyRegisteringAuthority,insurancecompaniesorotherauthoritiesfor

thesaidAsset.

15. To actas afacilitator and makethe premiumpayment toanyinsurance companyand /or insure, renewsuch insuranceat my /our costs,charges and

expenseswhichshallbereimbursedbyme/ustotheBank.

16. Toobtain,receive,demandorcollectanyforms,certicates,registrationbooks,bookingorder,insurancepoliciesorotherdocumentsfromanyRegistering

Authority,manufacturersofthesaidAssetoritsdealers/sellers.

17. Tocancel,annulorrescindbookingofoneormoreofthesaidAssetandtogetrefundofanysuchbookingamountfromthemanufactureroritsdealerby

issuingreceiptsasvalidandeffectualdischargeforsuchrefund.

18. TollinandcompleteanychequethatmaybelyingnoworhereafterwiththeBankdulysignedbyme,oronourbehalfwithsuchamount,dateand/orname

ofthepayeethatmaybedeemedtbytheBank.

19. Togetrequisiteinformationfrommyemployerasmaybeexpedienttoascertainmaterialparticulars.

20. Incaseofdefaultbyme/usofthetermsandconditionsoftheAgreement,totransfer,sell,giveonhire,disposeof,givedeliveryofandotherwisehowsoever

Page 22 of 26

deal with the said Asset and to sign and execute all agreements, contracts, declaration forms, instruments and other writings whatsoever as may be necessary

orexpedientinthatbehalf.

21. Togivenotice,ifrequiredtotheappropriateRegisteringAuthorityand/orsuchotherauthorityinlaw,fortheregistrationofthesaidAssetuponthesale,

transfer,disposal,deliverythereof.

22. Todelegateall,anyormorethanoneofthepowers,authoritiesandlibertieshereinvestedandtoappointanysubstituteorsubstitutestoanyoneormore

purposeorpurposesastheBankshallfromtimetotimedesireinthatbehalf.

23. Forthebetterdoing,performingandexecutingallthemattersandthingsaforesaid,l/WeherebyfurthergrantuntothesaidBankfullpowerandauthorityto

substituteandappointinitsplaceandsteadonsuchtermsasitmaythinktoneormoreattorney/stoexerciseforme/usasmy/ourattorney/sanyorall

thepowersandauthoritiesherebyconferred,torevokeanysuchappointmentsandtosubstituteorappointanyotherperson/sinplaceofsuchattorney/sas

theBankmayfromtimetotimethinkt.

Andgenerallytodo,performandexecute,allacts,deeds,mattersandthingsrelatingtoorconcerningortouchingthesepresentsasfullyandeffectuallyasifl/We

werepersonallyandhadbeendone,performedorexecutedthesamemyself/ourselves.

Thisauthorityshallbebindinguponme/us,theundersignedandmy/ourlegalsuccessorspriorandposttothegrantoftheloanandshallbeirrevocableduringthe

tenureoftheloananduntilallsumsdueandowingbyme/ushasbeenpaidtotheBank.

Andl/WeherebyagreetoratifyandconrmallandwhatsoevertheBankshalldoorcausetobedoneinoraboutthepremisesbyvirtueofthesepresents.

INWITNESSWHEREOFl/Wehereuntosetmy/ourhandsattheplaceanddatementionedintheSchedulehereunderwritten.

SCHEDULE

Name/sandaddressof

Grantor/s/Borrower/s

AddressofBranchofHDFC

Bank(LendingOfce)

Date and place of Execution

Date of Agreement

Loan amount

Details of Asset (Model)

(Year)

SIGNEDANDDELIVEREDbythesaidabovenamedGrantor/s/Borrower

Grantor/s / Borrower/s Name Grantor/s / Borrower/s Signature In case of partnership rms, authorized

partner to sign.

In case of sole proprietary concerns, sole

proprietor to sign.

In case of companies, common seal to be

afxed in accordance with the Articles.)

In the presence of WITNESSES:

Name Address Signature

Afx

Common Seal

the Company

S 6

Page 23 of 26

Priority Sector Advance declaration by customer availing loan

Applicant Name Location

Vehicle Purchased Loan Applied for

Rupees

PSL Category Description / Declaration by the applicant

[Please Tick(

P) as

applicable]

o Agri Farm Credit

(Individual Farmers &

Corporate Farmers)

I / we declare that the land admeasures ________________________ (acres) at the address: ____

______________________________________________________________________

_____________________________________________ belongs to me/us and I/we herewith

enclose the documents pertaining to the ownership of the same and the aforesaid loan/Vehicle

shall be used by me/us solely for the purpose of agriculture and/or assist the transport of

agriculture input and farm products.

I / we are carrying out the following allied agricultural activity (as ticked below) and the aforesaid

loan/ Vehicle shall be used by me/us solely for the purpose of below allied activity and/or to

assist the transport of agri or allied activity input and farm products.

o Dairy o Fishery

o Poultry o Bee-keeping

o Piggery o Sericulture

o Agriculture

Infrastructure

I / we are carrying out the following activity(as ticked below) and the aforesaid loan/Vehicle shall

be used by me/us solely for the business purpose

o Construction of storage facilities like warehouse, market yards, godowns, silos, cold

storage units to store agri produce/ products irrespective of location.

o Soil conservation and watershed development

o Plant tissue culture and agri-biotechnology

o Seed production, production of bio-pesticides, bio-fertilizer, and vermi composting.

o Ancillary activities

I / we are carrying out the following activity(as ticked below) and the aforesaid loan/Vehicle shall

be used by me/us solely for the business purpose

o Co-operative societies of farmers for disposing of the produce of members.

o Setting up of Agriclinics and Agribusiness Centers.

o Food and Agro-processing

o Primary Agricultural Credit Societies (PACS), Farmers’ Service Societies (FSS) and Large-

sized Adivasi Multi-Purpose Societies (LAMPS) for on-lending to agriculture.

o MFIs for on-lending to agriculture sector

o Outstanding deposits under RIDF and other eligible funds with NABARD on account of

priority sector shortfall

o Manufacturing

Enterprises

I / we hereby declare that I / we are running a business unit which is a Small Scale Industry

engaged in manufacture/ processing/ preservation of goods. I / we also declare that our

investment in Plant & Machinery is less than Rs.10 Crores and the aforesaid loan/Vehicle shall

be used by me/us solely for the purpose of business.

I / we hereby declare that to the best of our knowledge and belief that the amount

of Original cost of investment in all types of plant and machinery used for my

business ………………………………………………………………………. Is around

Rs…………………………………….. lacs. (Please ll the amount)

Page 24 of 26

PSL Category Description / Declaration by the applicant

o Service Enterprises

Enterprises engaged in providing or rendering of services and whose investment in equipment

(original cost excluding land and building and furniture, ttings and other items) not directly

related to the service rendered is less than 5 Crores. Below are the industries classied within

Service enterprises subject to borrower Total loan limit with Bank upto 2 crore for Micro and

Small enterprises and 5 crore for Medium enterprises.

I / we hereby declare that I am / we are running a small business enterprise, providing services

and also declare that the cost of equipment acquired by us for running our business is less than

Rs 5 Crores and the aforesaid loan/Vehicle shall be used by me/us solely for the purpose of

business.

I/We hereby declare that to the best of our knowledge and belief that the amount of

original cost of investment in all types of plant and machinery used for my business

……………………………………………………. Is around Rs……………………….. lacs. (Please ll the

amount)

o Small business o SRTO

o Professional & Self Employed o Other Transport Operators

o Social Infrastructure

I / we are carrying out the following activity for building social infrastructure facilities(as ticked

below) in Tier II to Tier VI centers and the aforesaid loan/Vehicle shall be used by me/us solely for

the business purpose

o Schools o Drinking water facilities

o Health care facilities o Sanitation facilities

o RenewableEnergy

I / we are carrying out the following activity(as ticked below) and the aforesaid loan/Vehicle shall

be used by me/us solely for the business purpose

o Solar based power generators o Wind mills

o Biomass based power generators o Micro-hydel plants

o Non-conventional energy based public utilities

I/we aware that it is on the faith of this representation, declaration and conrmation that you have agreed to consider my loan

application for nancial assistance under category ________________________________________ (same as ticked above) of

Priority Sector Advances dened in various circulars / guidelines of Reserve Bank of India. We shall indemnify the bank to make

the loss good in the event of any loss or damage that may arise on account of false / incorrect declaration by me/us as stated above.

BorrowerName BorrowerSignature

S 7

Page 25 of 26

Dated

To,

HDFC Bank Limited,

Forex Unhedged Exposure Department,

4th Floor, I Think Techno Campus,Alpha,

Next to KanjurMarg Railway Station (E),

KanjurMarg (E),Mumbai – 400 042

Email Address:[email protected]

Dear Sir,

This is in respect of the circular no. DBOD.No.BP.BC. 85 /21.06.200/2013-14, issued by RBI dated 15-Jan-2014, towards Capital &

Provisioning Requirements for Exposures to entities with Unhedged Foreign Currency Exposure.

Foreign Currency Exposure Yes / No __________________________ (If yes please ll up below details)

As an entity with Foreign Currency Exposure, we are submitting the below details:

Quarterly Data on Foreign Currency Exposure of …………..………………………….... as on 30th June 2014 (in INR Crores)

Total Exposures Unhedged

</= 1 year > 1 year Total </= 1 year > 1 year Total

(A) FCY Receivables 0 0 0

Exports 0

Loans to JV/WOS 0

Others 0

(B) FCY Payables 0 0 0

Imports 0

Trade Credits 0

ECBs 0

Other FCY loans 0

INR to USD swaps 0

(C ) Total (A + B) 0 0 0

Remarks Annual Projected Turnover 2014-15 (in INR

Crores)

Exports

Imports

Page 26 of 26

Our Total Bank limits (including funded, non funded and term loans) are _________________ (In INR Crores)

We declare that all the derivative contracts considered as hedging contracts are in conformity of pronouncements of the Institute

of Chartered Accountants in respect of their hedge effectiveness vis-a-visthe underlying exposure.

We also conrm that our EBID i.e. Prot after Tax + Depreciation + Interest on debt + Lease rentals as per latest audited nancials

(i.e. 31st March 2014 or 31st March 2013), is Rs._________. (In INR Crores)

We submit that our business does not have any exposure to foreign currency. In the event that we enter into any business that has

an exposure that has an exposure to foreign exchange we undertake that we will take the responsibility to keep the Bank informed.

Only for MNCs

We would like to mention that UFCE to the tune of Rs.________ (In INR Crores) has not been included in our unhedged position

since this exposure is being hedged and managed by our parent company as explained in detail in our letter dated _________.

Yours sincerely,

Authorised Signatories

S 8

RTO BOOKLET

COMMERCIAL VEHICLE / EQUIPMENT LOAN

CUSTOMER NAME : _________________________________

_________________________________

LOAN AGREEMENT NO : _________________________________

FORM “TCR”

(See Rule 4)

Intimation of the Transfer of a ownership of a Motor Equipment by transferor :

To,

The Taxation Authority

________________________________ son / daughter / wife (*) of ______________________________________________

hereby inform to you that l have on ____________________________________________________ sold Motor Equipment

bearing number _____________________________________________ the ownership of which stand in my name to ______

___________________________________________ son / daughter / wife (*) of ____________________________________

_ address __________________________________________________________________ and request that the certicate

of taxation of the said Equipment may now be transferred in his / her name.

Dated ______________



(Signature or thumb-impression

(Strike out whichever is inapplicable) of transferor)

_____________________________________________________________________________________________________

FORM“TCA”

(See Rule 4)

Intimation of the Transfer of a ownership of a Motor Equipment by transferee :

(1) ________________________________ aged __________________________________________ son / daughter / wife (*)

of ________________________________________________ (2) of _____________________________________________

forward herewith the certicate of taxation of Motor Equipment bearing No (3) _______________________________________

____________________________________________________________________ the ownership of which has been

transferred to me by (4) _____________________________________________ and hereby request that certicate of taxation

of the said Equipment may be transferred in my name and that it be amended accordingly.

Dated ________________



(Signature or thumb impression

of transferor)

• Here enter full name of transferor

• Strike out whichever is inapplicable

• Here enter full address of transferee

• Here enter registration mark

• Here enter name and address of person or rm from whom the Equipment has been transferred.

FORM 20

(See Rule 47)

Form of Application For Registration of a Motor Equipment

To,

The Taxation Authority

1. Full name of Person to be registered as registered

owner son/wife/daughter of.

___________________________________________

2. Age of the Person to be registered as registered

owner (Proof of age to be attached)

___________________________________________

3. Permanent address of the person to be registered

as registered owner (Evidence to be produced)

___________________________________________

4. Temporary address of the person to be registered as

registered owner

___________________________________________

5. Name and address of the dealer or manufacture

from whom the vehicle was purchased (Sale Certi-

cate and Certicate of road worthiness issued by the

manufacturer to be enclosed)

___________________________________________

6. If ex-army vehicle, or imported vehicle enclose proof

If locally manufacturered trailer/Semi-Trailer enclose

the approval of design by the State Transport Au-

thority and note the proceeding number and

date of approval

___________________________________________

7. Class of Equipment (if motor cycle, whether with or

without gear). ___________________________________________

8. The Motor Equipment is

[a] A New Equipment

[b] Ex-army Equipment _____________________

[c] Imported Equipment _____________________

9. Type of body ______________________________ 17. Chassis number (afx pencil print) and its location

10. Type of Equipment _________________________ ___________________________________________

11. Maker’s Name ___________________________ 18. Engine number ____________________________

12. Month and year of manufacture _______________ 19. Seating capacity (including driver) _____________

13. Number of cylinders: _______________________ 20. Fuel used in the engine _____________________

14. Horse Power _____________________________ 21.Unladen weight ____________________________

15. Cubic capacity ____________________________ 22. Particulars of previous registration and registered

number (if any)

16. Maker’s classication or if not known, wheelbase

______________________________________

23. Colour or colours of body, wings and front end

I hereby declare that the Equipment has not been registered in any State in India

Additional particulars to be completed only in the case of Transport Equipments other than motor cap.

24. Number, description and size of tyres:

(a) Front axle ______________________________

(b) Rear axle ______________________________

(d) Tandem axle ____________________________

26. Maximum axle weight:

[a] Front axl

[b] Rear axle

[c] Any other

[d] Tandem axle

25. Gross Equipment weight:

(a) as certied by the manufacturer

(b) to be registered

27. [a] Overall length:

[b] Overall width

[c] Overall height

[d] Over hang

The above particulars are to be lled in for a rigid frame Motor Equipment of two or more axles for an articulated

Equipment of three or more axles, or, to the extent applicable, for trailer, where a second semitrailer or additional

semitrailer are to be registered with an articulated Motor Equipment. The following particulars are to be furnished

fur each such semi trailer.

28. Type of body ______________________________ 29. Unladen weight

30. Number, description and size of tyres on each axle ___________________________________________

31. Maximum axle weight in respect of each axle ___________________________________________

32. The Equipment is covered by a valid Certicate of

Insurance under Chapter XI of the act

___________________________________________

33. The Equipment is exempted from Insurance. Insurance Certied or cover note

No. ______________________ dated _____________

of _________________________(Name of Company)

Valid from_____________to ____________

Signature of the person to be registered as Registered owner

Note: The Motor Vehicle above described is-

[i] Subject to hire purchase agreement / lease agreement with____________________________________

___________________________________________________________________________________

[ii] Subjecf to hypothecation in favour of _____________________________________________________

[iii] Not held under hire purchase agreement, or lease agreement or subject to hypothecation.

Strike out whatever is inapplicable if the vehicle is sub-

ject to any such agreement the signature of the person

with whom such agreement has been entered into is to

be obtained. _________________________________

_________________________________

Signature of the owner

Signature of person with Whom an agreement of

Hire purchase, lease or hypothecation has been entered in to

(For Ofce Endorsement)

Ref. No. ___________________________ Ofce of the _________________________________

Date _______________________________________

The _________________ bearing Chassis No. _______________________ and Engine No. __________________

has been assigned registration number ___________________ and registered in the name of _______________

__________________________________ and the vehicle is subject to’an agreement of Hire purchase / lease /

hypothecation ___________________________

To, __________________________________________ Registering Authority

(Name and address of the Financier)

By registered post or delivered under proper acknowledgment.

Specimen signature of the person to be registered as registered owner.

Certicate

Inspection of the vehicle

Certified that the particulars contained in the application are true and that the vehicle complies with the requirements of the Motor Vehicles Act,

1988 and the Riles made thereunder (Special features of the vehicle to be recorded if necessary)

Name ______________________________________

Designation_______ __________________________

Signature of Inspecting Authority

FORM 26

(See Rule 56)

Intimation of loss or destruction act of the Certicate of Registration and application

for the issue of Duplicate Certicate of Registration

(To be made in duplicate if the Equipment is held under agreement of hire / purchase / hypothecation / lease and the duplicate

copy with endorsement of the Registering Authority to be returned to the Financier simultaneously on the issue of duplicate)

To,

The Registering Authority

___________________________________

Sir,

The Certicate of Registration of my / our Motor Equipment the Registration Mark of which is _________________has been

lost destroyed / completely written of / off / soiled torn / mutilated in the following circumstance.

l / We hereby declare that to best of my / our knowledge the registration of the Equipment has not been suspended or

cancelled under the provision of the act or rule made there under and the circumstances explained above are true.

l / We do hereby apply for issue of a duplicate Certicate of Registration.

The written off soiled / torn / multilated Certicate of Registration is enclosed.

The Equipment is not held under any agreement of hire purchase / lease / hypothecation

l / We have reported the loss to the Police Station on_______________ (dated) (Borrower)

Dated __________________ Signature / Thumb impression of applicant

alongwith full address

____________________________________

Strike out whichever is inapplicable.

The vehicle is held under hire purchase / lease / hypothecation agreement with____________________and the No Objection

Certicate obtained from nancier is enclosed.

And the in case the No Objection is not enclosed applicant shall make a declaration as required subsection [8] of section [51]

Name __________________________________

Full address __________________________________

Note 1) Full particulars of the circumstances shall be furnished in the case of loss or destruction of the Registration Certicate

21 Strike out whichever is in applicable.

Specimen Signature of the Owners

[1]



[2]



(Borrower) (Borrower)