Date: 30-03-2023

JAY NARAYAN S O HANUMAN PRASAD

AHXPN0209N
Dear Sir/Madam,

SUB: SANCTION LETTER

On the basis of your application for availing the loan (“Loan”) on the BharatPe, the Lender
(as defined below) is/are pleased to sanction the loan facility (“Loan”) on the below terms and
conditions:

JAY NARAYAN S O HANUMAN PRASAD

S/O: Hanuman Prasad,chak 20 b d,14
Borrower
Bd,Bikaner,Rajasthan,334023
919982317577

Aditya Birla Finance Limited

Aditya Birla Finance Ltd. (A Subsidiary of Aditya Birla
Lender Capital Ltd.), One World Centre, Tower 1-C, 18th Floor,
841 Jupiter Mill Compound, Senapati Bapat Marg,
Elphinstone Road, Mumbai - 400013

Purpose of Loan Personal use

Nature of the Loan Term Loan

Lending Service Provider

Resilient Innovations Private Limited
(LSP)

Digital Lending Web and/or mobile based platform “BharatPe” owned,

Application developed and operated by LSP

Loan Amount Rs. 45000.0 (Rupees Forty Five Thousands Only)

2.0% of the loan Amount i.e. Rs. 900.0/- (Rupees Nine

Processing Fees Hundred Only)
(Inclusive of taxes) The Processing Fees is a one-time fee and shall be non-
refundable

Interest Rate (%)(applied

1.9 % per month
on a simple interest basis)

Annual Percentage Rate

Annualized Percentage Rate 43.18 % per annum
(APR)

Total Interest charged

Rs. 10440.0/- (Rupees Ten Thousands Four Hundred Forty
during the Tenure of the
Only)
Loan
Total Amount to be paid
by the Borrower during
Rs 55440.0 /- (Rupees Fifty Five Thousands Four Hundred
the Tenure (along with
Forty Only)
interest & processing
fees)

Rs. 44100.0/- (Rupees Forty Four Thousands One

Hundred Only)
Net Disbursed Amount
*Interest will be applicable on the Loan Amount as
communicated above

Deduction of Instalment Amount from the daily BharatPe

POS & QR settlements
Repayment Mode *Borrower expressely authorizes LSP to make such
deduction of Instalment Amount and make payment to the
Lender

Tenure 12 months

Instalment Amount Rs. 154.0 /- (Rupees One Hundred Fifty Four Only)

Instalment Frequency Daily

Number of Instalments 360 equal daily instalments

Default Interest N/A

Pre-Payment/Foreclosure Foreclosure is allowed with no charges

3 days from the disbursal of the Loan

*Please note proportionate interest & other charges
Cooling Off Period including processing fees (other than pre-
payment/foreclosure charges) will be levied during the
Cooling Off period.

Resilient Innovations Private Limited

*Please note that Recovery Agent (and/or its authorized
Recovery Agent representatives/entities) has been authorized by the Lender
to contact for default in repayments. Kindly make payment
on or before Due Date

For Lender
Ms. Smita Nadkarni
[email protected] ; 080-45860196
Grievance Redressal ; 10-6pm, Monday to Saturday (* only on odd Saturdays)

For LSP
Level 1- http://bharatpe.in/bpsupport
 Level 2- Customer Support Centre- +91-8882555444 (if
level 1 does not resolve in 10 days)
Level 3- Mr. Ankit Parnami- Nodal Officer (if Level 2
does not resolve in 10 days)
[email protected] ; 8851681932
If compliant remains unresolved for 30 days, the Borrower
may escalate to RBI Complaints portal at
https://cms.rbi.org.in/

1. The sanction and disbursal of the Loan Amount is subject

to execution/acceptance of the Loan Agreement annexed
as Annexure A, registration of E-NACH for repayments
and other conditions as per Loan Agreement as per
Annexure A.
2. The Loan Amount disbursed by the Lender shall be
utilized for the solely for the purpose it is being
sanctioned and no other purpose. The Lender reserves the
right to call for any document/information for loan
amount utilization by the Borrower.
3. The Borrower shall inform Lender in writing about any
change in the permanent /correspondence addresses or
contact details (as the case may be) immediately.
4. The terms of this Sanction Letter summarize certain basic
terms of the Loan facility. It is not the
definitive/exhaustive list of all the condition of the Loan
Other Sanction facility. The detailed terms and conditions of the Loan
Conditions facility is contained in the Loan Agreement annexed as
Annexure A.
5. The Parties agree that the Loan Agreement shall be read
in conjunction with the Sanction Letter and in case of any
conflict or inconsistencies, the provisions of the Sanction
Letter shall prevail.
6. Notwithstanding the issuance of this Sanction Letter and
acceptance thereof, the Lender may in its sole discretion
decide to not disburse the Loan, rescind/withdraw
Sanction Letter, without assigning any reasons.
7. The Borrower shall be required to pay all duties, taxes,
costs, stamp duty and statutory levies and such other
charges, that may be imposed by the statutory authorities
from time to time pertaining to or in connection with the
Loan Documents.
8. The Borrower expressly agree and acknowledge that the
LSP is only acting as facilitator in obtaining the Loan
 from the Lender and for performing activities such as
assisting in loan application, disbursal, collection etc, as
may be authorized by the Lender. The final decision to
whether approve or reject any Loan or disburse the Loan
(in part or full) or rescind/withdraw the Sanction Letter,
with or without assigning any reasons, reside to the sole
discretion of the Lender. LSP does not have any influence
over the Lender’s decision.
9. During the Tenure of the Loan, the Borrower authorizes
the Lender to obtain/access the credit information of the
Borrower from time to time from the credit bureaus. Any
default in the payment of the Loan may be reported by
Lender to credit bureau, regulators, statutory authorities
and other financial institution.

The Borrower acknowledges and accepts that on receipt of

the one-time password, access code or other forms of
secure authentication initiated through the BharatPe app,
this Sanction Letter and the Loan Agreement annexed as
Annexure A shall be deemed to be executed/accepted by
the Borrower. It is the sole responsibility of the Borrower
to ensure that the one-time password, access code or other
forms of secure authentication is not compromised or
shared with any other person.
The Lender and the LSP shall have no obligation to verify
the authenticity of any transaction or instruction received
Electronic Acceptance or purported to have been received from the Borrower
through the BharatPe app or purporting to have been sent
by the Borrower other than by means of verification of the
one-time password, access code or other forms of secure
authentication.
All the records of the Lender and the LSP with respect to
the online request for Loan facility arising out of the use of
the BharatPe app and arising out of the use of the one-time
password, access code or other forms of secure
authentication shall be conclusive proof of the genuineness
and accuracy of the transaction and shall be binding on the
Borrower.

PLEASE NOTE THAT THIS IS AN AUTO-GENERATED SANCTION LETTER AND

LOAN AGREEMENT (AS PER ANNEXURE A) BASED ON THE BORROWER’S
REQUEST FOR THE LOAN AND THE BORROWER’S ELECTRONIC ACCEPTANCE
OF THIS SANCTION LETTER & LOAN AGREEMENT (AS PER ANNEXURE A)
SHALL CONSTITUTE THE ACCEPTANCE OF THE LOAN TERMS AND NO
SEPARATE SIGNATURE IS REQUIRED.
UPON THE ELECTRONIC ACCEPTANCE OF THIS SANCTION LETTER & LOAN
AGREEMENT (AS PER ANNEXURE A), THE BORROWER SHALL BE BOUND BY
 THE TERMS CONTAINED HEREIN.

ANNEXURE A
(Loan Agreement)

This Loan Agreement (“Agreement”) entered on and effective as on the date of the Sanction
Letter, at New Delhi, by and between

1. Aditya Birla Finance Limited, a RBI registered Non-Banking Financial Company (NBFC)-
NBFC-P2P, having its registered office at Aditya Birla Finance Ltd. (A Subsidiary of Aditya
Birla Capital Ltd.), One World Centre, Tower 1-C, 18th Floor, 841 Jupiter Mill Compound,
Senapati Bapat Marg, Elphinstone Road, Mumbai - 400013 (the “Lender”, which expression
shall, unless repugnant to the context or meaning thereof include its successors and assigns);
2. The Borrower (the details of whom are set out in the Sanction letter and which
expression shall, unless repugnant to the context or meaning thereof include its
successors and assigns).

The Lender and Borrower shall hereinafter be individually referred to as Party and
collectively as Parties.
Any capitalized term not defined herein shall have the same meaning assigned to it under the
Sanction Letter.

RECITALS

1. The Lender is a RBI registered bank/non-banking financial company and is inter alia
engaged in the business of advancing loans and other financial facilities.
2. The Borrower has approached the Lender through the BharatPe app for grant of the
Loan facility. Basis the information and/or documents submitted by the Borrower
through its application for the grant of the Loan facility and in reliance of the
acceptance of the terms & conditions of the Sanction Letter, the Lender has agreed to
grant the Loan on the terms and conditions mentioned in this Agreement.

NOW, THEREFORE, in consideration of the mutual covenants, agreements, representations,

warranties and indemnities set forth in this Agreement, and for other good and valuable
consideration, the sufficiency of which is hereby acknowledged by the Parties, the Parties hereby
agree as follows:

1. DEFINITIONS

1.1 Definitions: All capitalized terms used in this Agreement unless context otherwise
so requires, shall have the following meanings:
1.1.1 Agreement:Means this Agreement, and shall include any schedule, annexure,
appendix, any and all amendments, additions, deeds, undertakings, declarations and
alteration whether by way of a supplemental agreement or otherwise to the terms
contained herein;
1.1.2 Borrower(s):shall, mean and include any person specified as Borrower under the
Sanction Letter and unless repugnant to the context or meaning thereof be deemed to
include his / her / its/ their heirs, legal representatives, successors, permitted assigns,
executors, receivers, administrators as the case may be
1.1.3 Cooling Off Period- shall mean the period as specified in the Sanction Letter
during which the Loan Amount can be repaid by the Borrower, without any
prepayment/foreclosure charges;
1.1.4 Digital Lending Application: shall refer to all website (including all associated site
links) and/or mobile based application/platform namely “BharatPe” owned, developed
and operated by the LSP from time to time;
1.1.5 Installment Amount: means the amount to be paid by the Borrower at such
frequency as specified in the Sanction Letter for repayment of the interest only or
principal Loan Amount along with applicable Rate of Interest (as applicable depending
upon the Repayment options opted by the Borrower and as specified in the Sanction
Letter);
1.1.6 Instalment Frequency: means the frequency of the payment of the Installment
Amount for the repayment of the Loan Amount and as specified in the Sanction Letter;
1.1.7 Rate of Interest: means rate of interest per annum applicable on the Loan Amount
as specified in the Sanction Letter;
1.1.8 Loan Amount: means the loan amount to be availed by the Borrower in single or
multiple tranches accordance with this Agreement;
1.1.9 Loan Documents: means, collectively, this Agreement and Sanction Letter and
such other documents as may be required to be executed with reference to Loan
Amount being availed by the Borrower;
1.1.10 Lending Service Provider/LSP: shall refer to the party specified as in the
Sanction Letter;
1.1.11 Material Adverse Change: shall mean any one or more events, conditions or
circumstances which, in the opinion of Lender, could reasonably be expected to
adversely affect the financial condition of the Borrower or the ability of the Borrower to
perform or comply with its material obligations under the Loan Documents;
1.1.12 Payment Instrument: shall mean NACH debit mandate/ NEFT/RTGS/ cheques /
any instruction(s) issued/registered by the Borrower for repayment of the outstanding
dues under this Agreement (including but not limited to Loan Amount along with Rate
of Interest, Default Interest and/or any other charges) through electronic mode or
otherwise;
1.1.13 Default Interest: shall mean additional interest charged by the Lender over and
above the Rate of Interest due to the delay in payments by the Borrower and/ or
occurrence of breach of other obligations/covenants under the Loan Documents;
1.1.14 Sanction Letter: shall mean letter/document issued by the Lender (either on its
own and/or through LSP) to the Borrower which contains the terms and condition of the
Loan and which forms part of the Loan Documents;
1.1.15 RBI: Means the Reserve Bank of India, established under the Reserve Bank of
India Act, 1934;
1.1.16 Tenure: means the period in which loan is to be repaid by the Borrower along
with interest as per applicable Rate of Interest and other charges as per the Loan
 Documents;
1.1.17 Settlement Amount: means the total amount collected and payable (after
adjustment of the applicable service charges) by the LSP to the Borrower on account of
transactions carried out on UPI, POS machines and/or or such other products offerings
made available to the Borrower through BharatPe app.

2. TERMS OF LOAN

2.1 The Lender shall not make any disbursement until the Loan documents have been
duly executed by the Borrower to the satisfaction of the Lender.
2.2 The Borrower undertakes that the Loan Amount shall be utilized for the purposes
specified under the Sanction Letter and ensure that such purposes are lawful. The
Lender reserves the right to call for any document/information for loan amount
utilization by the Borrower
2.3 The disbursement of the Loan Amount to the Borrower shall be made in the bank
account of the Borrower or any as per his/her instructions in writing.
2.4 In addition to any other amount payable to the Lender under this Agreement,
Processing Fees as specified in the Sanction Letter shall be levied on the Borrower. The
Processing Fees may be deducted from the Loan Amount disbursed to the Borrower (in
such case, Borrower will receive Net Disbursed Amount in his/her account). In the
event Processing Fees is deducted from the Loan Amount, the Borrower shall be liable
for payment of interest (@Interest Rate) of the entire Loan Amount.
2.5 The Borrower undertakes that the Payment Instrument issued/registered by the
Borrower for the repayment of the Loan Amount shall not be cancelled/ stopped under
any circumstances during the Tenure of the loan or till the entire dues as per this
Agreement read with Sanction Letter are fully paid and a discharge/no dues certificate
is issued to the Borrower, whichever is later.
2.6 The Borrower undertakes to give any other documents/details such as KYC
documents, financial documents etc.as the Lender may demand from time to time in
order to review its Loan.
2.7 The Borrower agrees that the Lender has adopted risk-based pricing which is
arrived at after considering broad parameters like customer profile, financials, sources
of funds, risk profile of the customer, nature of lending etc. and hence rate of interest
may differ across Borrowers.
2.8 Notwithstanding the issuance of this Sanction Letter and acceptance thereof, the
Lender may in its sole discretion decide to not disburse the Loan Amount,
rescind/withdraw Sanction Letter, without assigning any reasons.
2.9 The Parties agree that the Loan Agreement shall be read in conjunction with the
Sanction Letter and in case of any conflict or inconsistencies, the provisions of the
Sanction Letter shall prevail.
2.10 Under this Loan Agreement, the Lender has authorized the LSP to perform the
following activities as part of the facilitation services (“Loan Facilitation Services”)
through BharatPe: (a) Assisting the borrower making an application for the Loan from
the Lender and submission of the required documents for availing the Loan (b) assisting
in disbursement of the Loan through (c) assisting in collections for the Loan through
 BharatPe app or such other means as may be authorized by the Lender (d) assisting in
loan servicing such as providing details of the loans/repayments/due amounts to the
Borrower and/or resolving any queries/complaints/clarifications with respect to Loan
and/or coordinate with the Lender for providing any information with respect to the
Loan (e) act as a recovery agent for contacting the Borrower in case of default in
repayment of the Loan (f) such other Loan Facilitation Services as may be agreed
between the Lender and LSP from time to time and notified to the Borrower.

3. RATE OF INTEREST

3.1 The Borrower shall pay the Rate of Interest as specified in the Sanction Letter on
the Loan Amount.
3.2 The Rate of Interest on the Loan Amount shall begin to accrue simultaneously in
favor of Lender with the disbursement of the Loan Amount in the bank account
specified in the Sanction Letter without concerning itself delay in actual realization in
the bank account of the Borrower due to any technical or other issues.
3.3 The Borrower agrees and acknowledges that the Lender shall, at any time and from
time to time, be entitled to change the Rate of Interest, at its sole discretion. In such an
event the term 'Rate of Interest' shall for all purposes mean the revised interest rate,
which shall always be construed as agreed to be paid by the Borrower.
3.4 The Borrower acknowledges and understands that the Lender may notify the
Borrower about any revision in Rate of Interest or any of the fee/ charges through: (a) A
letter or email at the address provided by the Borrower(s) to the Lender and/or through
LSP; (b) SMS or any other electronic/ telephonic message on the telephone/ mobile
number registered by the Borrower(s).
3.5 Any changes in Rate of Interest and charges are effective prospectively, with effect
from the date mentioned in the notice/ communication to the Borrower.

4. DEFAULT INTEREST

4.1 Upon occurrence of any of the Events of Default as specified in Clause 9, the
Borrower shall be liable to pay Default Interest as specified in the Sanction Letter for
any default/delay in repayment of the Loan Amount and/or breach of any of the
conditions of the Loan Documents.
4.2 The payment of the Default Interest shall not absolve the Borrower of the other
obligations or shall not affect any of the other rights of the Lender, under the Loan
Documents.
4.3 The Lender expressly reserves all the other rights that may accrue to it on any
default by the Borrower as per the Loan Documents.

5. REPAYMENT

5.1 During the Tenure of the loan, the Borrower shall repay the Loan Amount by
making payments of Instalment Amount as per the Instalment Frequency specified in
the Sanction Letter. The Borrower understands and acknowledges that timely payment
of the Installment Amount as per the Sanction Letter shall be the essence of the Loan
 Documents executed between the Parties.
5.2 The Borrower shall be entitled to a Cooling Off Period as specified in the Sanction
Letter. During the Cooling Off period, the Borrower shall have the right to foreclose the
Loan sanctioned to it, without any prepayment/foreclosure charges as specified in
Sanction Letter. The Borrower shall be liable to pay the applicable proportionate
interest/charges/fees (other than prepayment/foreclosure charges) as per the Sanction
Letter during the Cooling Off period.
5.3 The Borrower hereby authorizes the repayment of the Loan Amount by voluntarily
and expressly authorizing the LSP to deduct the Instalment Amount as per the
Instalment Frequency specified in the Sanction Letter from the Settlement Amount and
transfer the same to the Lender.
5.4 Without prejudice and/ or waiver of the Lender’s rights, in the event, that the
Settlement Amount is not sufficient for deduction of the Instalment Amount and/or
there is any shortfall in Instalment Amount, the Borrower undertakes and agrees –
5.4.1 To pay the outstanding due amount under the Loan Documents
5.4.2 to pay Default Interest for such period until all the outstanding due amount are
repaid by the Borrower(s).
5.5 In the event, the aforesaid repayment mode (i.e. deduction from Settlement
Amount) is not applicable or available, the Borrower shall make payment of the
Instalment Amount as per the Instalment Frequency specified in the Sanction Letter
through any other mode such as NEFT, UPI, debit card, net banking or any such other
mode made available through the LSP.
5.6 If the Borrower fails to pay any amount when due, under the Loan Documents
and/or the Borrower’s Payment Instrument is dishonoured, such unpaid amount shall
bear Default Interest from the date such amount is due until the date on which such
amount is paid in full
5.7 The Borrower shall be required to pay all duties, taxes, costs, stamp duty and
statutory levies and such other charges, that may be imposed by the statutory authorities
from time to time pertaining to or in connection with under the Loan Documents.

6. APPROPRIATION

6.1 All amounts received from the Borrower shall be applied in the following order of
priority: (A) firstly towards fees, costs, charges and expenses of the Lender, (B)
secondly, towards any fee, charges, Default Interest and other delay charges, (C)
thirdly, towards payment of any outstanding interest on the Loan, (D) fourthly, towards
the outstanding principal amount of the Loan and (E) any other loan/dues payable by
the Borrower. The Lender may vary the order set out hereinbefore at their discretions.

7. PREPAYMENT/FORECLOSURE

7.1 Subject to applicable laws, the Borrower may, prepay the whole or any part of the
Loan Amount together with applicable interest and other charges as per the Sanction
Letter.
7.2 In the event Lender permits any part pre-payment/acceleration of the Loan Amount
 in terms of this Loan Document, then the Instalment Amount and Tenure for the Loan
can be amended /revised in writing by the Lender for giving effect to such prepayment/
acceleration, and such amended/revised Instalment Amount and Tenure shall be binding
upon the Borrower.

8. REPRESENTATIONS, WARRANTIES & INDEMNITIES OF THE

BORROWER

8.1 The Borrower hereby represents and warrants that:

8.1.1 The Borrower is fully empowered to enter into this Agreement and to perform
obligations hereunder in the Loan Documents and the Loan Documents duly executed
and delivered by the Borrower as may be required, and constitute/ shall constitute a
legal, valid and binding obligation of the Borrower, as the case may be, enforceable
against the Borrower in accordance with their respective terms;
8.1.2 the Borrower shall perform all its obligations under this Agreement;
8.1.3 the Borrower is financially solvent and have adequate net worth to be able to
perform their obligations under this Agreement;
8.1.4 the execution and delivery of this Agreement and documents to be executed in
pursuance hereof, and the performance of the Borrower’s obligations hereunder does
not and will not: (i) contravene any applicable law, statute or regulation or any
judgment or decree to which the Borrower and/or its assets, businesses and/or
undertakings is subject, (ii) conflict with or result in any breach of, any of the terms of
or constitute default of any covenants, conditions and stipulations under any existing
agreement or contract or binding to which the Borrower is a party or subject, as the case
may be;
8.1.5 neither the Borrower, nor any person acting on its behalf, has been engaged in (a)
any corrupt / fraudulent practices / collusive / coercive practices in connection with the
Borrower’s business or operations (b) money laundering; or (c) the financing of
terrorism; and
8.1.6 the Borrower further acknowledges and confirms that the information and/or
documents including but not limited to KYC documents provided to Lender in
connection with the loan does not contain any untrue statement of a material fact, nor
does it omit to state a material fact necessary in order to make the statements contained
therein not misleading in light of the circumstances under which such statements were
or are made.
8.1.7 That the Borrower undertakes, represents and confirms that the Borrower has
taken explicit consent from his contact references, which are provided to the LSP and/or
the Lender. Further, the Borrower undertakes, confirms and represents that he has
informed such reference that Lender, LSP and/or any entity/persons authorized by LSP
and/or Lender, may contact them to conduct the background verification of the
Borrower, reach out to the Borrower and/or to undertake fraud checks.
8.2 Indemnity:
8.2.1 The Borrower shall, without prejudice to any other right of Lender, indemnify and
keep indemnified and hold Lender, its officer/employees/agents/affiliates harmless
against any and all liabilities, obligations, losses, damages, penalties, actions,
 judgments, suits, costs expenses or disbursements of any kind or nature whatsoever
(including without limitation, fees and disbursements of lawyers) which may be
imposed on, incurred by, or asserted against Lender in any claim, litigation, proceeding
or investigation instituted or conducted by any governmental agency or instrumentality
or any person or entity, and which are related directly or indirectly to this Agreement or
any document executed pursuant hereto, whether or not Lender is a party thereto, and
shall pay and reimburse to Lender, without any dispute or demure any losses, costs,
charges or expenses which Lender shall certify as sustained or suffered or incurred by
Lender as a consequence of occurrence of an event of default as per Clause 10, or any
other breach of obligations by the Borrower under this Agreement or otherwise in
connection with this Agreement (including any interest or fees incurred in funding any
unpaid sum).
8.2.2 The Borrower shall indemnify and keep the Lender its
officer/employees/agents/affiliates indemnified during the Tenure of this Agreement
from and against all liabilities, claims, losses, damages and expenses whatsoever in
respect of its obligations and liabilities in connection with the payment of amounts due
under this Agreement and the Borrower shall be liable to pay such amounts forthwith
on demand.

9. COVENANTS

9.1 The Borrower covenants and undertakes that, during the Tenure of the Agreement,
the Borrower will, unless Lender waives compliance in writing:
9.1.1 Obtain and comply with the terms of and do all that is necessary to maintain in
full force and effect, all authorizations, approvals, licenses and consents required to
enable it to enter into and perform its obligations under this Agreement, and to ensure
the legality, validity, enforceability and admissibility in evidence of this Agreement.
9.1.2 Maintain proper books of accounts, as per applicable accounting practices and
standards, which should correctly reflect its financial position and scale of operations
and should not radically change its accounting system without notice to the Lender. The
Borrower may be required submit to the Lender such financial statements and
additional information, as may be required by the Lender from time to time
9.1.3 Promptly inform Lender of any occurrence, event or incident of which it becomes
aware which might adversely affect the Borrower or affect its ability to perform its
obligations under this Agreement and/or in respect of the outstanding amount of the
Loan
9.1.4 Promptly inform Lender of the occurrence of any Event of Default or of the
occurrence of an event which, with the passage of time or the giving of notice would
become an Event of Default, and also, where applicable, of the steps being taken to
remedy the same, and will, from time to time, if so requested by Lender, confirm to
Lender in writing that save as otherwise stated in such information, no default has
occurred and/or is continuing.
9.1.5 No suit has been filed by any bank/ financial institution against the Borrower or
any of the firms/ companies in which Borrower are partners/ directors/member for
recovery of any amount.
9.1.6 No account of the Borrower or its group companies has been classified as SMA
 (Special Mention Account) or declared NPA/ settled by giving rebate/ OTS by any
bank/ Financial Institution.
9.1.7 Borrower is not under any caution/defaulter list issued by RBI
9.1.8 That so long as any part of the Loan is outstanding and until full and final
payment of all moneys owing hereunder the Borrower shall not, without the prior
written consent of Lender having been obtained do or omit to do and not permit any act,
matter or thing which would cause any of the representations and warranties, under this
Agreement, to be untrue, inaccurate or misleading and immediately notify Lender in
writing of any such fact or circumstance which might cause any of the representations
and warranties set forth in this Agreement to be untrue or misleading.
9.1.9 The Lender shall, without notice to or without any consent of the Borrower, be
absolutely entitled and have full right, power and authority to make disclosure of any
information relating to Borrower including personal information, details in relation to
documents, Loan, defaults, security, obligations of Borrower, to the credit information
companies, RBI and/or other affiliate/agencies/service providers for the purpose of the
performance or ensuring performance of the obligation by the Borrower under this
Agreement.
9.1.10 The Borrower understands and acknowledges that the Lender shall have the right
to disclose the details of the loan, its repayment behaviors, defaults, account status and
such other relevant information pertaining to the Borrower to the credit information
companies and RBI on regular basis.
9.1.11 The Borrower undertakes and agrees that the continuation of this Loan facility
and Loan Document shall be at sole and absolute discretion of the Lender and the
Lender has the right to recall this Loan, at its sole discretion and without assigning any
reason to the Borrower. In the event, the Lender recall the Loan, the Borrower shall
make the payment of the entire outstanding, within the period of 15 (Fifteen) days or
such period as may be communicated by the Lender, without any delay or demur.
10. EVENTS OF DEFAULT: The following events and occurrences including but not limited
to, shall constitute an Event of Default for purposes of this Agreement:
10.1 Non-payment of Installment Amount by the Borrower as per the Instalment
Frequency, whether wholly or in part.
10.2 Occurrence of any event leading to Material Adverse Change
10.3 Death of the Borrower under the Loan Documents
10.4 Bouncing/Cancellation of the Payment Instrument issued/registered by the
Borrower for the repayment of the Loan Amount;
10.5 If there occurs a breach of any representation or warranty made or deemed to be
made by the Borrower in or pursuant to this Agreement;
10.6 If insolvency proceedings are initiated against or voluntarily by the Borrower
10.7 If the Borrower is convicted for any offence under the law adversely affecting
Borrower’s ability to repay the Loan Amount, solely in the opinion of the Lender
10.8 If any order is passed by any governmental, judicial, quasi-judicial or any other
authority adversely affecting the operation of the loan or if, at any time, it is, becomes
or will become unlawful or contrary to any regulation in any applicable jurisdiction for
the Lender to perform any of its obligations as contemplated by this Agreement or to
fund or do lending business.
10.9 Any change in applicable law which may in the sole opinion of Lender impact the
Borrower’s ability to fulfill the obligations under this Agreement.
10.10 Any pending or threatened litigation, investigation or proceeding that may have
impact Borrower’s business condition (financial or otherwise), operations, performance,
properties or prospects of the Borrower or that purports to affect the Agreement, or the
transactions contemplated thereby.
10.11 If any ordinance/legislation has been promulgated/legislated either by the
competent authority which in the opinion of the Lender may adversely affect
Borrower's business.
10.12 If the Borrower utilizes the Loan Amount for any purpose other than that stated in
Sanction Letter and/or for any unlawful purpose
10.13 Other Events of Default: In the opinion of the Lender any other default, which
adversely affects the fulfillment of obligations by the Borrower under this Agreement
and inability of the Borrower to cure any failure within a period of 15 (fifteen) Business
Days after the date on which Lender in writing notifies such failure to Borrower as an
Event of Default as the case may be.
10.14 Consequences of Default: Upon the occurrence of an Event of Default under this
Clause, the Lender or any agent/service provider of the Lender authorized in this behalf
shall serve a notice to the Borrower to remedy such Event of Default, where the same is
remediable, and if the Borrower fails to remedy the Event of Default within a period of
7 days from the date of such notice, the Lender shall have the right to initiate one or all
of the actions as specified below:
10.14.1 The Lender may, by a notice in writing, may recall the loan granted to the
Borrower and declare the entire amount payable under the Loan Documents together
with all interest and charges payable thereto. In such an event, the entre outstanding
10.14.2 On occurrence of the Event of Default, the Lender may report the account of
the Borrower to RBI and/or credit information companies as Special Mention Account
(SMA) / Non-Performing Assets (NPA) (as per the RBI Directions), which may impact
its credit score/rating and his/her ability for future borrowing from the financial
institutions. For example, If due date of a loan account is March 31, 2021, and full dues
are not received before the lending institution runs the day-end process for this date, the
date of overdue shall be March 31, 2021. If it continues to remain overdue, then this
account shall get tagged as SMA-1 upon running day-end process on April 30, 2021 i.e.
upon completion of 30 days of being continuously overdue. Accordingly, the date of
SMA-1 classification for that account shall be April 30, 2021. Similarly, if the account
continues to remain overdue, it shall get tagged as SMA-2 upon running day-end
process on May 30, 2021 and if continues to remain overdue further, it shall get
classified as NPA upon running day-end process on June 29, 2021.
10.14.3 The Lender shall be entitled at the sole risk and cost of the Borrower to engage
one or more person(s)/collection service providers/agents to collect the Borrower’s dues
and shall further be entitled to share such information, facts and figures pertaining to
the Borrower as the Lender deems fit for the aforesaid purpose. The Lender may also
delegate to such person(s) the right and authority to perform and execute all such acts,
deeds, matters and things connected herewith, or incidental thereto, as the Lender may
deem fit. The Borrower recognizes, accepts, and consents to such delegation.
11. MISCELLANEOUS

11.1 Agreement Validity: This Agreement is binding on the Parties hereto on and from
the date of the Sanction Letter and shall be in force and effect till all the monies due and
payable under this Agreement are fully paid by the Borrower.
11.2 Continuing Obligations: The liabilities and obligations of the Borrower under or
pursuant to this Loan Agreement shall remain in force and effect notwithstanding any
act, omission, and event or circumstance whatsoever until the Loan has been repaid in
full as per the Loan Documents.
11.3 Governing Law & Arbitration
11.3.1 Governing Law- This Agreement shall be governed by and construed and
enforced in accordance with the laws of India, without regard to its principles of
conflict of laws, the Parties agree to submit to the exclusive jurisdiction of the courts in
Delhi, alone.
11.3.2 Arbitration: Any disputes, differences, controversies and questions directly or
indirectly arising at any time hereafter between the Parties or their respective
representatives or assigns, arising out of or in connection with this Agreement (or the
subject matter of this Agreement), including, without limitation, any question regarding
its existence, validity, interpretation, construction, performance, enforcement, rights and
liabilities of the Parties, or termination (“Dispute”), shall be referred to a sole arbitrator
duly appointed by the Lender. The language of the arbitration shall be English. The seat
of the arbitration shall be at New Delhi and the language of proceedings shall be
English. The award rendered shall be in writing and shall set out the reasons for the
arbitrator’s decision. The costs and expenses of the arbitration shall be borne equally by
each Party, with each Party paying for its own fees and costs including attorney fees,
except as may be determined by the arbitration tribunal. Any award by the arbitration
tribunal shall be final and binding.
11.4 Notices: Except as may be otherwise provided herein, all notices, requests, waivers
and other communications made pursuant to this Agreement shall be in writing. Such
notice shall be served by sending it delivering by hand, mail or courier or to the address
of the Borrower available with the Lender as per its records or through electronic mode
on the contact details registered or available with the Lender (such as e-mail, SMS,
WhatsApp or any other electronic mode). Any notice so served shall be deemed to have
been duly given (a) in case of delivery by hand, when hand delivered to the other Party;
or (b) when sent by post, where 5 Business Day(s) have elapsed after deposit in the
post; or (c) when delivered by courier on the second Business Day after deposit with an
overnight delivery service, postage prepaid, with next Business Day delivery
guaranteed, provided that the sending Party receives a confirmation of delivery from the
delivery service provider d) if by electronic mode, when directed to an electronic mode
address (such as e-mail, SMS, Whatsapp) provided by the Borrower. Any notice or
communication to the Borrower shall be deemed to be a notice or communication to all
the Borrower(s). A Party may change or supplement the addresses mentioned in the
schedule 1, or designate additional address, for the purpose of this clause by giving the
other Party written notice of the new address in the manner set forth above.
11.5 Lien & Set Off: Without prejudice to and in addition to any other right or remedy
which the Lender may have under the Loan Documents or under the law of contract or
any other applicable law, the Lender shall have the lien over any asset/security and/or
any or all amounts received by it under other agreements with the Borrower. The
Lender shall be entitled to exercise its lien over the assets/security and/or any or all
amount received by it’s under other agreement as mentioned above to set off and
recover any or all amounts payable by the Borrower under the Loan Documents. The
Borrower hereby expressly acknowledges and affirms the Lender’s lien and right of set
off as specified in this clause
11.6 Successors and Assigns: This Agreement binds and benefits the respective
successors and assignees of the Parties and, in respect of the individuals who are
parties, their respective heirs, executors, administrators and legal representatives.
11.7 No Assignment: The Borrower shall not have any right to assign this Agreement
and/or any right or obligation hereunder or part hereof. The Lender may
assign/securitize/transfer/novate its rights under this Agreement and may notify the
Borrower accordingly of such an assignment/securitization if required.
11.8 Entire Agreement: This Agreement shall supersede and override all previous
communications, negotiations, commitments, agreements whether oral or written
between the Parties with respect to the subject matter of this Agreement.
11.9 Severability: Each and every obligation under this Agreement shall be treated as a
separate obligation and shall be severally enforceable as such. To the extent that if any
provision of this Agreement, is invalid or unenforceable or prohibited by law, it shall be
treated for all purposes as severed from this Agreement and ineffective to the extent of
such invalidity or unenforceability, without affecting in any way the remaining
provisions hereof, which shall continue to be valid and binding.

Borrower JAY NARAYAN S O

Name HANUMAN PRASAD

Device
ID

Mobile
No. for 919982317577
OTP

Platform BHARATPE

IP
2409:4052:2401:e694::51:90a0
Address

Location 28.3504542, 73.0407122

Time Thu Mar 30 13:16:42 IST

Stamp 2023

Loan ID BPL3003234742588