To

SHIV KUMAR
HOUSE NO 352 /155 NEAR SUGAR
MILL
SANJAY COLONY PANIPAT

Dear Mr./Ms.SHIV KUMAR

Welcome to Muthoot Capital Services Ltd.

We are pleased to inform you that your application for a hypothecation loan for HERO SPLENDOR PLUS X TECH DRUM CAST BSVI is approved by us on
the following terms and conditions, already accepted by you.

TWL1122HR000022010
Loan No Disbursement Date 17-11-2022 Loan Amount 79650
6

Gross Tenure 24 No of EMI 24 Advance EMI (Nos) 0

Annualized Rate of
Interest rate (Flat) 13.85 25.0437014 EMI value 4231
Interest

EMI Due date starts on 10-12-2022 Last EMI due date 10-11-2024 Monthly repayment date 5th of every month

ECS/Cheque Bounce charges

Rs 450/- per instrument
(Penal charges not applicable for ECS/Cheque)

Delay Interest 3% per month compounded with monthly rests

Foreclosure charges 4% on future principal due

What is CIBIL?
Credit Information Bureau (India) Limited, commonly known as CIBIL, is India s First Credit Information Company or Credit Bureau.The Records are
submitted to CIBIL by registered member banks and other financial institutions on a periodic(usually Monthly) basis.

What is CIBIL SCORE?

CIBIL Score is a 3-digit numeric summary of your credit history, derived by using details found in the Accounts and Enquiries sections on your CIBIL Report
and ranges from 300 to 900. The closer your score is to 900, the higher are the chances of your loan application getting approved. Your CIBIL score,
calculated based on your credit behavior as reflected in the Accounts and Enquiries section of your CIR, ranges between 300-900. A score above 700 is
generally considered good.

How can I maintain/improve my CIBIL SCORE?

1. Always pay your dues on time: Late payments are viewed negatively by lenders

2. Keep your Credit balances low

3. Monitor your co-signed, guaranteed and joint accounts monthly

4. Review your credit history frequently throughout the year

Information
Every time you apply for a loan or credit card, the respective Bank or financial institution accesses your CIR. The system makes a note of this in your credit

history and the same is referred as Enquiries.

In case of any discrepancy, you may write to us within 7 days from the date of disbursement. You may write to us on mail@muthootcap.com in all future

communications regarding your loan availed with us, please quote your loan number for easy reference.

Thanking you for opting Muthoot Capital Services for your financial need.

This is a system generated letter and does not require signature

Muthoot Capital Services Ltd.,Registered Office: 3rd Floor, Muthoot Towers, M.G. Road, Kochi - 682035, Kerala, India
Toll Free No : 9020230230, 0484-7119400 Email: mail@muthootcap.com, www.muthootcap.com
CIN: L67120KL1994PLC007726
 Repayment Schedule

Inst No Inst Date Inst Amount Interest Principal Balance Principal

1 10-12-2022 4231 1257 2974 76676

2 10-01-2023 4231 1631 2600 74076

3 10-02-2023 4231 1576 2655 71421

4 10-03-2023 4231 1373 2858 68563

5 10-04-2023 4231 1459 2772 65791

6 10-05-2023 4231 1355 2876 62915

7 10-06-2023 4231 1339 2892 60023

8 10-07-2023 4231 1236 2995 57028

9 10-08-2023 4231 1213 3018 54010

10 10-09-2023 4231 1149 3082 50928

11 10-10-2023 4231 1049 3182 47746

12 10-11-2023 4231 1016 3215 44531

13 10-12-2023 4231 917 3314 41217

14 10-01-2024 4231 877 3354 37863

15 10-02-2024 4231 806 3425 34438

16 10-03-2024 4231 662 3569 30869

17 10-04-2024 4231 657 3574 27295

18 10-05-2024 4231 562 3669 23626

19 10-06-2024 4231 503 3728 19898

20 10-07-2024 4231 410 3821 16077

21 10-08-2024 4231 342 3889 12188

22 10-09-2024 4231 260 3971 8217

23 10-10-2024 4231 170 4061 4156

24 10-11-2024 4245 89 4156 0

 LOAN AGREEMENT

This Loan Agreement is made on this 17th day of Nov, 2022

BETWEEN

Muthoot Capital Services Limited, a Company incorporated under the Companies Act, 1956, having its Registered Office at 3rd Floor,Muthoot Towers, M.G.

Road, Kochi - 682035 (hereinafter referred to as the Lender) which expression shall unless be repugnant to the context or meaning include the successors

and assigns of the FIRST PART;

AND

Mr./Mrs./Ms. SHIV KUMAR residing at HOUSE NO 352 /155 NEAR SUGAR MILL ,SANJAY COLONY PANIPAT , (hereinafter called the Borrower which

expression shallunless be repugnant to the context mean and include legal heirs, representatives in interest, executors, administrators and assigns) of the

SECOND PART;

AND

Mr./Mrs./Ms. SHIV KUMAR residing at HOUSE NO 352 /155 NEAR SUGAR MILL ,SANJAY COLONY PANIPAT ,Panipat (hereinafter called the Guarantor

which expressionshall unless be repugnant to the context mean and include legal heirs, representatives in interest, executors, administrators and assigns) of

the THIRD PART;

WHEREAS the Lender is a Category - A Deposit Taking Non-Banking Financial Company registered with the Reserve Bank of India inter-alia engaged in the

business of granting loans and advances to the general public.

WHEREAS the Borrower has identified and is desirous of purchasing HERO SPLENDOR PLUS X TECH DRUM CAST BSVI (hereinafter referred to as the

“Asset”) and for this purpose the Borrower has applied for a loan of Rs. 79650/- (Rupees Seventy Nine Thousand Six Hundred and Fifty only ) from the

Lender

AND WHEREAS the Guarantor, has undertaken to guarantee the Lender, the due performance by the Borrower of all clauses, covenants and terms and

conditions of this agreement and agrees to pay on demand any money due or which may become due and payable to the Lender under this agreement

(when not paid by the Borrower) either by way of principal, interest, additional interest, expenses, damages, repairs, replacements or other compensation

and other costs relating to the loan being granted.

AND WHEREAS relying upon the representation and undertakings made by the Borrower and the Guarantor, the Lender has issued a Sanction Letter dated

14 Nov 2022 to the Borrower. Based on the terms of the Sanction Letter, which forms part of this agreement and annexed hereto, the Lender agrees to

provide the loan of Rs. 79650/- (hereinafter referred to as the “Loan”) to the Borrower and the Borrower agrees to the same upon the terms and conditions,

mentioned hereunder and mutually agreed upon by all the Parties hereto:

1. The Borrower shall repay to the Lender, the loan amount along with the interest at the rate of 13.85 on flat rate basis (Annualized Rate of Interest:

25.0437014 percent p.a.) calculated on the entire loan amount for the tenure of the loan in 24 Equated Monthly Instalments (hereinafter referred to as the

“EMI”) on the due dates, more specifically described in the Sanction Letter issued, without any reminder.

2. The EMI shall be paid through NACH/ECS/Cash/any other legally recognized modes of fund transfer as per the mandate given by the Borrower.

3. The Lender will disburse the loan by means of bank transfer/crossed account payee cheque or demand draft in favour of the dealer who provides the

Asset or if it is a used Asset, then in the name of the registered owner of the Asset by means of bank transfer/account payee crossed cheque or demand

draft as the case may be. All such disbursements shall be deemed to be duedisbursement of the loan amount to the Borrower as contemplated in this

Agreement and the Borrower and the Guarantor shall be bound by the same.

4. If the Borrower proposes to foreclose the loan either pre-delivery or post-delivery of the asset, the Lender shall charge pre-closure charges including

taxes, if applicable, as mentioned in the Sanction Letter issued.

Lender Borrower(B5) Guarantor(G5)

Sd…… Sd…… Sd……

5. The Borrower and the Guarantor jointly and severally agree to pay the EMIs without any default on or before the dates as specifically provided in the

Sanction Letter. The Lender, upon request from the Borrower or otherwise, at its discretion, is entitled to alter or restructure the schedule and the Borrower

hereby agrees to make repayment under such altered / restructured schedule.

6. The liability of the Guarantor(s) to repay the Loan together with interest, etc. and to adhere to the terms and conditions of this Agreement / and any other

Agreement(s), document(s) that may have been or may be executed by the Borrower with the Lender in respect of this Loan or any other loan or loans, is

joint and several, and consequently the Lender shall have discretion to proceed against both or either of them to recover the Loan/ loans and other charges

payable by the Borrower to the Lender.

7. Without prejudice to any other rights and remedies which the Lender may have under this Agreement and / or under the prevalent law, in the event of any

delay by the Borrower in any payment to the Lender under this Agreement shall be treated as a default and the Lender shall be entitled to charge an

additional interest at the rate of 3% per month, compounded on monthly basis on the overdue EMI.If the said default continues even after 90 days,

whether continuous or intermittently, the Lender shall be entitled to recall, reduce the tenure of the Loan and accordingly revise the repayment schedule in

terms of value and number of EMIs at its sole discretion and treat such default(s), if continue and persist as a dispute. All disputes, differences and/or claims

arising out of this Agreement shall be resolved through Arbitration by a Sole Arbitrator to be nominated by the Lender as per the provisions of the Arbitration

and Conciliation Act, 1996.The venue of Arbitration shall be at Ernakulam and the language of Arbitration shall be English.

8. In consideration of the Loan amount received, the Borrower hereby agrees and hypothecates the Asset together with all existing and future accessories,

additions thereto, to create first charge on it in favour of the Lender and to serve the same as security for the due repayment of the loan with all amounts that

may be related to the loan such as interest, additional interest, charges, etc. as mentioned in the Schedule-A hereto, from time to time. The Borrower also

agrees and undertakes to execute such further documents, as and when required to give effect to the hypothecation / charge including creation of necessary

entries in the Registration Certificate and in other records of the concerned Motor Vehicles Department where the Asset shall be registered. The

contingencies like insolvency, arrangement with creditors, mental disability or physical disability, winding up (voluntary or otherwise) of the Borrower will not

affect or impair the security and will not absolve either the Borrower or the Guarantor from the liability.

9. If the Asset has not been delivered to or in case the vehicle has not been registered in the name of the Borrower at the time of execution of this

Agreement, the particulars of the Asset shall be intimated in writing by the Borrower to the Lender within one week of such delivery and/or registration along

with copy of the Invoice and the Insurance Policy and Registration Certificate. Such communication received will also be part of this agreement and can be

used as such as and when a situation arises for the purpose.

10. The Borrower shall register and insure the asset within the statutory time frame with the appropriate authority incorporating the fact of hypothecation in

favour of the Lender.

11. The Borrower shall continue to keep the Asset in good condition and duly insured at all times with a comprehensive policy and also keep all other legally

required documents relating to the Asset till the entire outstanding amount in the loan account is repaid. Each such insurance policy shall contain an

endorsement in favour of the Lender or its nominee as 'loss payee'.

12.The Borrower hereby declares that:

i) he is aware of all the details of the Asset.

ii) he has also executed a demand promissory note for the amount of Loan and interest thereon at the time of the grant of Loan.

iii) he shall provide, as and when required, such additional securities / guarantee(s) to the satisfaction of the Lender and shall execute such further

agreements, undertakings and documents in that regard, so as to let the same be in force till the discharge of entiredues in respect of the Loan.

Lender Borrower(B5) Guarantor(G5)

Sd…… Sd…… Sd……

13. In case there is a default, the Lender shall be entitled to take possession of the Asset from the custody of the Borrower either through its officials or

authorized agents after providing a 7 days’ notice, oral or in writing to the Borrower. However, the Lender shall not be obliged to serve the aforesaid notice in

the event or in his perception there is likelihood of the Asset being abandoned by the Borrower or any loss of value being/likely to be caused to the Asset or

transfer of possession of the Asset by the Borrower without the consent of the Lender. The Borrower may repay the outstanding loan amount and the other

charges and levies as per the Sanction Letter within 7 days from the date of the Lender taking possession of the Asset or intimation of possession issued by

the Lender as a last chance for repayment of loan before sale/auction of the Asset in a legally permissible manner in part or full satisfaction of the balance

outstanding on the Loan.

14. The Borrower may, in case of his inability to pay off the Loan, surrender the Asset back to the Lender or to its order along with documents required for

transfer.

15. The Borrower or Guarantor can repay the outstanding balance in the Loan account and clear the outstanding dues as on the date of such repayment. In

that event, the Lender shall hand over back the custody of the Asset to the Borrower or Guarantor as the case may be, within 2 working days from the date

of receipt of payment.

16. Immediately after repossession of the Asset, the Lender shall issue a notice calling upon the Borrower and /or Guarantor to repay the loan amount

outstanding, in full within 15 days from the date of receipt of the said notice and in the event of their failure to do so, intimate of the Borrower’s intention to

sell the asset, in private or public auction or in any other manner where he can ensure maximum value of the asset within a specified time frame. The Lender

shall not be obliged to further provide any notice for sale of the Asset to either the Borrower or the Guarantor.

17. The Lender is entitled to recover from the Borrower all types of expenses on full indemnity basis, incurred by or on behalf of the Lender in ascertaining

the whereabouts of the Asset, taking possession, garaging, insuring, transporting and selling the Asset and also for other legal steps in connection with this

Agreement.

18. The Lender, its personnel or agents shall not be liable for any loss/ damage / limitation / depreciation to the Asset and to its accessories either while

getting possession or while having the possession of it, because of their action / omission and such loss/ damage / depreciation shall be debited against the

Borrower irrespective of the cause of it.

19. The Lender shall, after the sale/auction of the Asset, in any case, within, 15 days from the date of such sale/auction intimate the Borrower and the

Guarantor about the sale of Asset and the sale price of the Asset and the manner in which the appropriation has been made. If such proceeds are

insufficient to discharge the entire dues, the Lender shall move further against the Borrower and / or Guarantor and if the sale proceeds exceed the dues, the

balance amount shall be paid to the Borrower within 30 days of receipt of the proceeds.

20. In case the Asset is sold on auction or otherwise as stated above, the entire proceeds shall be credited to the loan account in discharge of the amount

due from the borrower as on the date of such event in the following order:

i) Tax on sale, if any;

ii) Repayment of installments;

iii) Interest including additional interest;

iv) Costs, charges and expenses for realization; and

v) Costs of pre-litigation proceedings.

The above order of appropriation will be applicable in the case of any of the amount received for credit to the loan account.

Lender Borrower(B5) Guarantor(G5)

Sd…… Sd…… Sd……

21. The Lender is entitled to sell, assign/securitize or transfer its rights under this agreement and / or outstanding dues form the Borrower, either in whole or
in part, to any third party(ies) of the Lender's choice, in any manner, without reference to or without written intimation to the Borrower and Guarantor. Such
transfer shall bind the Borrower and Guarantor to accept such third party(ies) as creditor(s) exclusively or as a joint creditor with the Lender, depending on
the nature of the rights transferred.

22. The Lender is entitled to appoint such number of third parties to collect the instalments and other dues to it under this Agreement and to perform and
execute all acts, deeds, matters and things connected therewith or incidental thereto including sending notices of demand, attending the residence or office
of the Borrower or otherwise contacting the Borrower or receiving the amounts due with proper receipts on behalf of the Lender and the Borrower and
Guarantor have no objection on such appointments.

23. This Agreement shall come into effect from the date of execution and shall terminate only upon the Borrower making the full repayment of the Loan with
all dues connected there to.

24. All correspondences to the Parties to this Agreement shall be made to the address stated hereinabove and service of correspondences to the said
address shall be treated as due and valid service.

25. The Borrower hereby authorize the Lender to retrieve his/her credit information from the credit bureaus and/or to update his/her credit information with
the said credit bureaus.

26. The Borrower and/or Guarantor hereby agree(s) that the terms and conditions mentioned herein above has been explained to us in the language
understood by us and we have accepted the same and have also received a copy of this Agreement.
In witness whereof, all the Parties have affixed their signature on the date first written hereinabove.

Witness :

1.

2.

Lender Borrower(B5) Guarantor(G5)

Sd…… Sd…… Sd……
Consent to use and share information: I hereby authorize that Muthoot Capital Service Limited and other Muthoot Pappachan Group(MPG companies
(including its Agents/Representatives), to use or to share the information made available by me for their promotional, marketing and other cross selling
activities. Further, I authorize Muthoot Capital Service Limited and other MPG companies (including its Companies in the Muthoot Pappachan
Group(including its Agents/Representative), to communicate with him/her Agents / representatives), to communicate with me on their new offerings, product
or any other services through my registered mobile number, email ID, residential address or all other possible modes of communication.

Customer Name Place Signature(B5)

 Schedule A (Charges)
Based on the scheme opted by the Borrower and as
1) Documentation/Processing Charges informed to the
Borrower before agreeing to avail the loan.
2) Loan cancellation before disbursement charges Rs.350/- + GST as applicable
3) Quick Delivery Charges (at the option of the customer) Rs.100/- + GST as applicable
4) Charges for deferring due date (Only on request) Rs.100/- (One-time charge and one-time facility)
5) Rescheduling Charges Rs.750/- per event + GST as applicable
6) Pre-closure charges:

a) Pre-Delivery Rs.750 + 24% of loan amount for number of such days

lapsed + GST as applicable
b) Post-Delivery 4% on the principal amount outstanding + GST as applicable
7) NOC Charges First: Nil; Duplicate NOC and thereafter: Rs.100/- per event
8) Cheque/NACH Bounce Charges Rs.450/- per Return Cheque/NACH inclusive of GST
9) Repossession Charges At actual
10) Collections Charges in case of defaulted EMI Rs.381.36 per defaulted EMI + GST as applicable
11) Legal and Incidental Charges:
a) Cheque Bounce Cases Minimum of Rs.1000/- per event or actual
b) Arbitration Minimum of Rs.4500/- per event or actual
12) Credit Bureau Report Charges (Only on request) Rs.50/- per event + GST as applicable
13) Bank & Postage Charges At actual
14) Stamp Duty At actual as levied by respective State Governments
Based on the number of days between due date of last
15) Broken Period Interest installment and
date of initiation of reschedulement/pre-closure.

Note: In the event of meeting any other additional expenses by the Company on the account of the customer, the same
would be charged to the customer explaining the nature and the amount thereof. Thereupon the same would be payable by
the customer.

Lender Borrower(B5) Guarantor(G5)

Note: 1. This is the copy of agreement duly signed by you

2. This is a system generated and does not require signature