Sanction Letter

M/s Shivshakti Realhortle Private Limited P . Chungi501'-503 , Diamond Tower, 5th FI~or , Near urarn ,Ajmer Hoad , Jaipur -302019 ( RaJasthan) Date: 08-08-2016

lscussions We have pleasure in. . for the loan and the subsequent dl b:ect to the following terms

With reference to your ap,",.;p~hJcaL:t§llo~n2!OOQ..&OO2!Oll:/_j(.BR~URP!!ee!!.!sUTh!lJr!:!le!!!e.JCdr:gO!!re:6swF!:!I.i!.!fty:L.!:L~a~c:::...::so_n.......1y) su i .sanctioning you an amount of ,Bs 3.50. •and conditions:-

Sr. Particular~ Description .No.

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MIs Shivshakti Realhome Private Limited1 Applicant

2 Co-Applicants with Rajiv Kumar Sanghi , Sanjeev Kumar Sanghi , Shinku SanghiSPDC

Au Financiers (India) Ltd. ("AUFIL")3 Lender - -~.Term Loan Facility without Moratorium Period -4 Nature of Facility ,

Facility Amount Rs.3,50,00,OOO/-(Rupees Three Crores Fifty Lacs only) ~5I6 Purpose of the Facility Term Loan For Business Use

7 Tenor of Loan 36 Months_ ....

TL for 36 months -8 Plan-

,.•9 Repayment EMI Mode

10 Disbursement Type Full Disbursement11 Rate of Interest (Fixed) 18.50% p. a. on monthly basis.12 Processing Fees 1% of loan amount plus applicable taxes

The Facility, all interest thereon, costs, charges, expenses and all othermonies in respect thereof shall be secured by following properties I.e. First13 Primary Security & Exclusive charge (equitable mortgage) on property 1) Commercial PlotNo. CP-1 , Industrial Area, Neemrana

,,, .lnterim ,C,oJJateral '-Security , .•15 Personal Guarantee Na

1 16 Corporate GuarantorNa.s- WithSPDC

17 Collateral Insurance No

• If Interest and!or Principal installments due are defaulted! delayedadditional interest @ 36% p.a. over and above the coupon rate:

18 Additional Interest in compounded monthly, for defaulted/delayed period on the interest /case of Default Installments due (calculated from due date till date of payment) will

11become payable.

• The AUFIL also reserves the right to call back the entire facility amountAu FINANCIERS(INDIA) LIMITED

19-A, Dhuleshwar Garden, Ajmer road, Jalpur-302001For Shiv Shakti Real Home ~.'lltf.+91-141-3910000 Fax: +91-141-4110090

E-Mail: customercare@aufin.ln

~~ ~ Registered officeDirector ~ . Au FINANCIERS (INDIA) LIMITED, PC . e, 19-A,DhuleshwarGarden,Ajmer Road,created with pdfFactory Pro trial version www p ory.com JAIPUR-302~01,RAJASTHAN,INDIA

Helphne : + 91141 3910000Fax: +91141 4110090

CINNo,: U36911RJ1996PLCOl1381

20

in case of event default.

NA

19 PrepaymentPenalty

Commitment Charges

21

,.Ii ~nlvShakti Real Home Pvt. Ltd.

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properties given

Director

, Marketable,as security for loan;Valuation Rep~rt by empanelled ValuerClear Title Search report by em,par,ell1adI~!'tt~r;~Upfront creation of. a~o.vedisbursement I allotment;Satisfactory CIBILApplicants/Partrlersi/A()P/IDirE~ctclC$.()l;

• Signing of all the facility uv:~'t.~.~,t!';::~0(:lawyers, to the satisfaction of

• Facilities shall be released only after theUI~l:!i",;~()(~urije.nts:t~~cuteaby the Applicant got verified by emparl$IIE~dI:a~

• Payment of processing fees & all other ap~li~~Ie.iCh~rgeS;' .• Compliance of any other pre-disbursement conditions asmay be

incorporated in the Loan Agreement I ~anc;tion Le~~r;• The limitsl Term Loan will be released only after the terms and

conditions of the sanction are accepted! acknowledged by the.Applicant/Guarantor. The Applicant and guarantor(s) shall furnisha letter for having accepted all terms and conditions;

• The Applicant(s)!co-applicant(s) shall submit consent letter fordisclosing their name along with all the guarantors & directors in thedefaulters' list of RBI, CIBIL Data or otherwise in the event ofdefault on the part of the Applicant.

• ROC modification charge to be created.• ' "'tate~''tit'6Tre't:tor'S-anlhtral e1IOldingi>~ttEbiHtalre''dacume~ed.• Amount to be disburse in favor seller account.• Seller KYC to be documented before disbursal.• Account to be cross linked with existing loan account and the cross

collateralization indemnity bond to be documented beforedisbursement.

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.respece'\:" ~f "'I guatantors;•

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Au FINANCIERS(INDIA) LIMITED19-A, Dhuleshwar Garden, Ajrner road, Jaipur-302oo1Phone: +91-141-3910000 Fax: +91-141-4110090

E-Mail: customercare@aufin.in

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The funds to be used only for the purpose it is being disbursed and not

to be used for any other purpose;In case of default the AUFIL has the right to call back the facility .

If the Property is solei (fully I partially) either with I withou~ beingdeveloped, Au Financier (India) Ltd shall have the rig.ht to adjUst theproceeds of such sale againstthe Facility then outstandIng.

Applicable Covenants

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Special Condition:-1. Appticantwill submit notarizedalfldav~from the directorswhose namesappe~redin any defaulterSlist staling

that they are not connectedwith thosedefaultercompanies!finns eitheras partriersldirectorsor guarantors.TheAppticantwill enquire with the bankers of the defaultingcompaniesand obtain written confirmatiOnthat theconslltUentsreferred to them are not their defaufters.AUFIL will verilY with ROC and also verifYtheir DINnumbersand ensure that the names in the above list are different·andillneway tinkedto the directorsof theApplicantCompanyandthat It is onlynamesimilarity.AUFILwill co"mnthe samebeforethe rei.... of the lim~.

? The Applicant shall undertake thai they will abide by the regul~!y. guidetines so as. to depl<!f~ndssanctioned/disbursedby AUFIL to them. only in \he permissibleareasand illCOnfOl'(tlity with the g\Ilc1e8~esla(ddown by the regulatory authority/development authority. .>: .:>: - -.~ "-

..... .. ......_ - ,

3. AUFIL.wherevermentioned.to be read and consideredas Au Finanders (India) Limjted. AUFIL~n shall bedISbUrsedonlyaftersalisfactoryLegal.TechnicalandVerificationreportsasper AUFILnonns.·;:: ._~.-

4. All "P.plieablePennlssion to transfer and/or mortgagefrom all competentauthor\ties':as aPPlir;;;iO is to be :submitted.before dIsbursal. • .'- -........;:, ,

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5. ;;:n~.:'.::::.all undertakethat credit facilityshall be utilizedfor the specificpurposefQr.whi~s~;i;;s

6. The Applicant shall undertake that the facility sh II t b tT d .term nature, in any company I entity by way of Shano debumze for makIng investments both of current and long-.' ares, e entures, etc.

7. The ~riCl$.shall not be utilized for granting uns d lcans z i . .grantmg all types of loans and advances to s b~cd~r~ loans linter-corporate deposits tolin any company and for.' u Sl lanes, group comparlles/entities.

Other Tenns & Conditions: ..

1. Bureau.of Indian Standards has formulated National Buildin • ~regul:"'ng the BuildingConstructionActivities.A ti g Code(NBC)of lndia2005. providingGuidelinesforBUIldIngCode Specifications in the Projects. pp cants have to agree for adherence to the above National

2. All d~cumentation cHarges (includin stamo dutv . .Applicant and Will be deductibh:ffrO~t'h"e 'd'~'bduty)'lle~aland valuation charges shall be borne by theIS ursa amount

3. Pre-EMI interest (PEMI) at the applicable rafe shall bdate of commencement of EMI in respect of the 10 e Charged from the respective date/s of disbursement to thean.

r Shiv ShaktiRealHome Pvt. Ltd. Au FINANCIERS(INDIA) LIMITED19-A, Dhuleshwar G d A'ar en, Jmer road, Jaipur-302001

. Phone: +91-141-3910000 Fax: +91-141-4110090Director E-Mail: customercare@aufin.ln

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5~. . . d 0 riate by AUFIL with AUFIL

The loan shall be secured by creation of secunty Interest as may be consldere appr p f . fhaving the right to decide the place, timing and type of the security including manner and form 0 its crea Ion.

Applicant shall produce all such deeds/documents/reports/certificates/evidence as may be required by AUFIL tto5. . I r t nse Applicant shall have 0

ascertain that the property has the clear and marketable tit e, at app lcan expe. . Allexecute Loan Agreement/POA/Promissory note terms and conditions etc. as applicable before disbursement.stamp duty and registration charges if any, or pertaining to any document executed by applicant, in favour of/or

with AUFIL shall be payable by applicant in full.

6. Applicant shall inform AUFIL in writing about any change in address, residential or business/official. Applicantshall also keep AUFIL informed in writing about any change lIoss of job or profession or business (as the case

may be) immediately on the change taking place.

7. During the pendency of the loan, applicant shall keep the property iilSt..lr~d~~ainst loss or damage by fire, riots,strike, civil commotion, malicious damages, earthquake and any ot~er ri~~~,which AUFIL may decid;frprri tiri'te.,totime. Mor~over applicant along with all co-applicants/ guarantorS, if an~., ~~.~p\,ti.?~~reda~st a~Y,'aCcidltnt~~death, dunng the pendency of the loan. Both these insurance coverMvei19::l'I>~'With:...~ insurer:approved b'l.AUFIL, fora value as required by AUFIL, in the joint name of AUFIL as the le~der'atld apPlicant IcojiPplicants a~borrower, AUFIL being made the sole beneficiary under the policy. .•.... ....•-._ -:_ '_.

8. If there is any Interest Tax levied by the. Government of India or any other AuthOri~der the5bterest TaX'~ct~!4 or under any ?ther Law, the App"ca~t shall reimburse to the AUFIL any sucthT'@"X-imp.osed-er levied~-"~PIi~~t~~:;~~FII~~la or any other AuthOrity.on Interest and / or other Payments reqf:Jir~d~be.paid.Ey the

9. I.tis.'~l:rerel;ponsibility of the Applicant to ensure th t th ..mol1g~.geshall be created by the Applicant in favo~r o::~~~~le~In r~spect of whic,h equitable / registeredfor all.flsk. & the same to be assigned in favor of AUFIL. e uly Insured at their own cost & expenses

10. The. ti~~~i.pf .~he properties to be clear markaccept~~J~t()\the AUFIL. The Search in 'the R~~~e., ~~encumber~d & the same to be satisfactory &should be satisfactory. In e Sub-Reglstrar's Office to be done & the same

11, An undertaking is to be obtained from the A' ,!~e~e is any .shortfall in payment of inst~,~~~~~t :~:~ In ~h~ event of default for any particular month orerr own sources, ' . s a pay the due amount of installments from

12, ~UFIL shall be entitled to revokecircumstances: _ the sanction of the facility, inter-alia in any of the following

a) If there is any material h . .c ange In the purpose/s for which the loan/facility has been sanctioned'

b) In the solejudgment of AUFIL anymaterialfact has bee 'n concealedand/orbecomesubsequentlyknown'

c) Any statementmade byor on behalfof . '. theApphcanfsapplicationor otherwiseis incorrect,.Incompleteormisleading'

Au FINANCIERS(INDIA) LIMITED '

Sh' Sh k' 19-A, Dhuleshwar Garde A' .-or IV a tl Real HomePvtp~ . n, Jmer road, Jalpur-302001e. +91-141-3910000 Fax: +91-141-4110090

E-Mail: customercare@aufin.in

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Director

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i1iityoffered byAUFIL to. . facilityor any other loanlfacich of the terms and conditiOnsof thed)' There is defaultunder or a bre~ uarantor(s); .

theApplicant(s)andlor Co-Apphcant(s)1G . I Co-appliicant I guarantorIS. report on the Applicantrty or any otherverification

e) The legal1t~nic:al r~~~~ ~e~= & absolutediscretion;not to the satisfactiOn, . . is not furnished in the fonn ;.

; AUFIL from time to time pertainingto the Propertyf) Any Informationas may be reqUired bypresaibed 1approvedby AUFIL;

2.

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a. Efi~~any changes in the Applicant's capital structure

b. f'~~I~te.any scheme of amalgamation or re-construction or restructuring of any kind

c. Inv,~,~f,",yany way of share capital in, or lend or advance funds to, or .pla~ deposits with any other concern1norm~(Je'"CI1:i'dit 'or 'secUrity "aeposb in"'{'he 'norm:.wctii:irS'Ef-t1f"busmess 'Of-attl7ance'1o -employees, can,t hoWeyer, be extended).

d. Undertake guarantee obligations on behalf of any other Company or Person.

e. Monies brOUght in by principal share' holders/directors/depositors will not be allowed to be withdrawnwithout permission

f. The applicant should not make any major change in their management set up without the permission

g. Create any further charge, Lien or encumbrance over the assets and properties of the Applicant chargedto AUFIL in favor of any other company, finanCial institution, Banks, Company or any other Person

Au FINANCIERS (INDIA) LIMITED. 19-A, Dhuleshwar Garden, Ajmer road, Jaipur-302001

,i, Shiv Shakti Reaf Home Pvt.,!,iBlie: +91-141-3910000 Fax: +91-141-4110090

E-Mail: customercare@aufin.ln

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It: ed/Chargedto AUFIL.h. Sell, assign mortgage or otherwise dispose off any of.the assets mo gag

. h been sanctioned and if AUFIL3. The credit facility should be utilized for the specific purpose for whIch the shamApeI~s t are about to violate the said

has reason to believe that the Applicant has violated or apprehends that t e P icancondition, AUFIL will have the option to exercise its right to recall the entire Facility or any part thereof at once.

4. AUFIL reserves the right to alter/cancel and or/modify the credit limits/loans sanctioned and/ or any other termsand conditions as it may deem fit absolutely at its discretion without notice and without assigning any reason

thereof.

5. AUFIL will have the option of appointing its nominee on the Board of directors of the Applicant Company to lookafter its interests. The director's normal fees and expenses.will be defrayed by the Applicant. Such director shallnot. be required to hold qualification shares and shall not be,Jiable to iretirement so long as the credit facilitiesgranted byAUFIL to the Applicant Company are outstanding.

!£; .' -"' .~-, "

6. The Applieantshould un~ertake that they should not induct a person '@O i§'a'dlrector on the Board of a companywhic~ has been, id,entified as. a willful defaulter and that in case, such' pers()n is found to be on the ~oar~~eApplicant company, the Applicant would take expeditious and effective, ~teps,Jol" r;emRy~I'of th,~ person {rOm~~o~r~. :The aforesaid undertaking may be obtained by way of separate letterldulyexeclJte~~y'~pPli~~.,~n~"JudiCialstamp paper. . '''_ ,- - ",. '~ ~~....~ ,._.,

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7. ,EVli)nt.O,~,p~fcll.llt~rtheApplicant & Consequences:- Following circumstances shall consti'll.ed the evel'l~f default:- .. -'" ..('~!'-' ~x?"el'lt of amounts d~~ under the Facility on the relevant due date by the Applicant; ~~: '

) .' .... ohny terms & conditions of the term sheet & transaction documents; . . -~c) Mate~al.adverse change to the Applicant; - '''-........ .:.,,"d) Restructuringlwin~i~~ up/sickness bankruptcy of the Applicant; .' - ~

f)e) ~~.....m....p..~IIS.t~ry.. acfqulsltlon, nationalization or expropriation of a substantial part of the assets of the Appli~nt·

nee, a IOn0 approval by any developing auth lt . 'sti~s~ntially delay or discard the project,' on y or material delay in receiving the approval which can

.~nthe above circumstances of default, AUFIL shall be entitled to rights, including but not limited to:-

a) TOdell'land immediate payment of the def I . .b) To nominate a director on the board of theaAut al~ount out of his own sources;

. . e pp lcant.

8. AUFIL reserves the right to rearran e the r .payments, if the Applicant's financial ~osition :~:::a~t:~~epd~~etheand .t~ call upon the Applicant to accelerate the

9' opmron of AUFIL. Any ~efault, Fraud, Legal incom et . .

concmons, Non-submission of p. ence durtng the currency of the limits N .Applicant will enable AUFIL to r~:~I~~d FPap~.rs,overdues in the working C~Pit:r~ocompltance o~agreed terms and

1 . e aCI"ty. an, any other Irregularities by the

O. AUFIL reserves the right to stop further disbursements without a . .. sSlgntng any reason at its sole discretion.

.. . Au FINANCIERS(INDIA) LIMITED.or ShIV Shaktl Real Home Pvt~tl&.Dhuleshwar Garden Ajm .

Phone: +91-141-3910000' er road, Jalpur-302001• Fax:+91-141~110090

E-Mail: customercare@aufin.in

Director oJ'-- ~ ~rJl ~

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The rate of interest and margins stipulated are subject to changes from time to time at the sole discretion of AUFI~.

12. The Applicant will keep AUFIL informed of the happening of any event likely to have substantial effect on their profitor business, with explanations and the remedial steps proposed to be taken.

13. The Applicant shall keep AUFIL advised of any circumstances adversely affecting the financial position of theirsubsidiaries/group companies or companies in which it has invested, including any action taken creditor against thesaid companies legally or otherwise.

14. The validity of sanction is Fifteen (15) days from the date of sanction to accept the same by the Applicant.

We here by request you to sign the attached duplicate copy of sanction letter as your acceptance of the terms andconditions of the above limit(s) and return it to us. We look forward to your acceptance of this sheet to expedite theconclusion of this transaction and the disbursement hereunder.

offer is acceptable to you, kindly sign on15 days from the date of this Letter.

fees (if applicable) has nottev'OkE!d.The Offer letter may

This offer is subject to realisation of cheque towa'r(lIS;,F~td(duplicate copy of this Letter of Offer,

.. Please note that i{the "Ac:celotalnce• "been received by us dalfs' clfte![<ttIEfd

be kept open at the sole

amend any of theIV([)Utlt)Q!;te'~"'h~ltsC)eVer,at our

to;'ISlaitri!;lh't,:dslma!l8IaaainstAUFIL for any

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Director

Au FINANCIERS(INDIA) LIMITED19-A, Dhuleshwar Gard A'Ph

' en, ~mer road, Jaipur-302001one: +91-141-3910000. Fax: +91-141-4110090

E-Mail: customercare@aufin.in

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