Authorization

This statement is to state that Mr. Mahindra Chhetri bearing CID No. 11311001105 has authorized his
Land detailed mentioned below; to Mr. Hemant Rai bearing CID No. 11303005105 for mortgage.

Thromde: Sarpang
Tharm No. 661
Urban Village: Schechamthang
Precinct: UV3
Plot No. SP1- 840
Registered Area: 5,663
Net Area: 3964 sq. ft

Further, it is also to mention that there won’t be any further complication from Mr. Mahindra Chhetri in
regard of authorizing his land to Mr. Hemant Rai for borrowing the loan from any financial institutions in
Bhutan.

Land Owner:

Mahindra Chhetri
CID No. 11311001105
Contact No. +975 77393815