DEED OF AMENDMENT

THIS DEED OF AMENDMENT is made at Mumbai on this 19th day of July, 2019

BY AND BETWEEN

_____________________________________, a company incorporated under the provisions of

the Companies Act, 1956 and having its registered office at
_________________________________. Herein after referred to as “Collateral Manager”
which expression shall unless it be repugnant to the context or meaning thereof include its
successors and permitted assigns of the ONE PART;

AND

___________________, a company incorporated under the provisions of the Companies Act,

1956 and having its registered office at _______________________________ (hereinafter
referred to as “the Bank”) which expression shall unless it be repugnant to the context or
meaning thereof include its successors and permitted assigns of the OTHER PART.
In this Deed of Amendment, the meanings set forth for defined terms in this Deed of
Amendment and all pronouns shall be equally applicable to both the singular, plural,
masculine, feminine or neutral forms as the context may require.

“Collateral Manager” and “the Bank” shall hereinafter be collectively referred to as

“Parties” and/or individually as “Party”.

RECITALS:

A. WHEREAS, the Parties had entered into a Collateral Management Service Agreement
dated 10th January, 2019 for availing collateral management services from the Collateral
Manager to the Bank (hereinafter referred to as “Agreement”);

B. WHEREAS, the Parties have mutually agreed to revise the commercial terms with
effect from 9th November, 2018;

C. AND WHEREAS, Parties have accordingly agreed to document the said changes by
way of this Deed of Amendment;

NOW THEREFORE, the Parties hereto intending to be legally bound in consideration of

mutual Agreements and covenants contained herein and do hereby agree as follows:

ARTICLE 1

A. The revised Collateral Management Fee payable by the Bank to the Collateral Manager
shall be applicable from 9th November, 2018, and Schedule III of the Agreement shall
be substituted as follows:
Schedule III

FEE & TERMS OF PAYMENT

S No. Type of Warehouse Collateral Management Fee

1. Professional Warehouse of _____% p.a. of average monthly

COLLATERAL MANAGER Loan outstanding

2. Third party locations (Other than ______% p.a. of average monthly

professional warehouses) like, Loan outstanding or Rs. _______
unlicensed warehouses/godowns, Cold pm whichever is higher
Storages, Private Licensed Warehouses,
Factory warehouses etc.
*For Bulk cases where the expected disbursement is more than Rs. 15 crore at a
single location, the commercials shall be decided on cases to case basis

Above mentioned fee is exclusive of taxesand subject to revision.

The fee shall be inclusive of lab testing charges & Quality Certification.
 The fee shall be paid location-wise. A location shall be defined as a maximum of 15
godowns/warehouses within a radius of 5 Km from the 1 st godown/warehouse as a
central point. However, the Bank shall be allowed to change the central point twice for
any particular location.

Manpower deployment per location by COLLATERAL MANAGER- 1 CM supervisor

+ round the clock security guards (i.e. 1 for day and 1 for night). The deployment of
security guards should be such that they visit each warehouse once in 4-6 hrs.

The pay-out of above-mentioned fee is subject to following conditions:

1) Upper cap for PWH locations is removed effective from 9th Nov 2018 in all the
PWH. However, location nomenclature shall continue for pay-out calculations.

2) In PWH Revised CM Payout shall be applicable for new clients on boarded after
9th Nov 2018.

3) CM Payout for the existing third party location approved before 9th November
2018 shall continue at as per previous pay out till 8th Nov 2019. Any addition of
godown in such location shall continue as per the current payout till such time
the revision is effected.

4) Revised CM pay out for third party location shall be applicable for all the
locations which are approved after 9th Nov 2018.

B. The Parties hereto confirm that save and except the aforesaid amendments and the
consequential changes pursuant thereto, all other terms, conditions, covenants,
provisions of the Agreement shall remain unchanged and the same shall be together
with the aforesaid amendments be binding on the parties hereto.

C. This Deed of Amendment may be entered into two counterparts each of which shall be
deemed an original, but all of which together shall constitute one and the same
instrument.

IN WITNESS WHEREOF the Parties hereto have executed this Deed of Amendment on the
date first mentioned hereinabove.

SIGNED AND DELIVERED SIGNED AND DELIVERED

by the within named by the within named

AXIS BANK LIMITED

by its Authorized Signatory by its Authorized Signatory

_________________________________
Managing Director & CEO

in the presence of: in the presence of:

1. 1.

2. 2.