CERTIFIED COPY OF THE BOARD RESOLUTION PASSED IN THE MEETING OF

BOARD OF DIRECTORS OF M/s Kay Inns Pvt. Ltd. HAVING REGISTERED

OFFICE AT HOTEL SAPPHIRE, STATION ROAD, JAGADHRI DISTT. YAMUNA
NAGAR HELD ON DATED 29.06.2020

WHEREAS, the Board of Directors has deemed it in the best interests of the company to
undertake certain obligations generally referred to as OBLIGATIONS, and WHEREAS,
it is required that the company pledge certain collateral as security for said obligation,
be it;

“RESOLVED THAT the immovable property belonging to the Company be mortgaged

to Bank, as collateral security for securing credit facilities to M/s CBMEW (India) Pvt
Ltd., from the State bank of india, MSME Branch, Station Road, Yamuna nagar either in
Indian or foreign currencies to the tune of Rs 24 Cr. ( with all interests, commission,
discount, cost, charges and expenses thereon, so that the mortgage shall cover the Final
balance due to the Bank in any of the said accounts even if the debit balance in the said
account might have been paid off or balance in any of the accounts might have been in
credit at any stage.

RESOLVED FURTHER THAT Sh. Anil Aggarwal, Director in the Company be and is
hereby authorised to deliver to and deposit with the said bank, the title deeds of the
aforesaid property with an intent to create an mortgage thereon in favour of the bank as
collateral security for the due repayment of aforesaid loans and advances.

RESOLVED FURTHER THAT Sh. Anil Aggarwal, Director of the Company be and is
hereby authorised to give on behalf of the Company, all such declarations or
confirmations as may be required by the bank in this behalf.

RESOLVED FURTHER THAT Sh. Anil Aggarwal, Director of the Company be and is
hereby authorised to take such further steps and to do all acts, deeds and things as is
required in order to give effect to the above resolutions”.

Passed unanimously

Certified true copy

For and On behalf of M/s Kay Inns Pvt. Ltd.

Authorised Signatory