Amendatory Agreement for switch from present interest rate scheme to Adjustable ROI (Based on ICICI Bank Floating

Reference Rate (FRR)

Instructions: 1. This Amendatory Agreement is required to be signed by all the borrower/s, described in this Agreement 2. Ensure that all the borrower/s are the same as per the main Loan Agreement 3. This Amendatory Agreement is required to be executed by the Borrower who is switching from the present applicable Rate of Interest (ROI) scheme under the Adjustable ROI under the ICICI Bank Floating Reference Rate. 4. This Amendatory Agreement is required to be stamped with value as agreement as per the respective state stamp laws. 5. Vernac Declaration as per standard format should be executed, if applicable. 6. Consent of the guarantor(s) / pledgor(s) / person(s) providing security, to the amendments set out in this Agreement is to be obtained suitable clause has been included in the amendatory agreement. AMENDATORY AGREEMENT for switch from present interest rate scheme to Adjustable ROI (based on ICICI Bank Floating Reference Rate (FRR)

This AMENDATORY AGREEMENT made at the place and on the date as stated in the Schedule hereto between the Borrowers whose name and address is as stated in the Schedule hereto (hereinafter referred to as the BORROWER (which expression shall, unless it be repugnant to the subject or context thereof, include his/her/their heirs, nominees, legal representatives, executors, administrators, successors and permitted assigns, as the case may be) of the ONE PART AND ICICI Bank Limited, a company incorporated under the Companies Act, 1956 and a banking company within the meaning of the Banking Regulation Act, 1949 and having its registered office at Landmark, Alkapuri, Race Course Road, Vadodara and a Corporate office at ICICI Bank Towers, Bandra Kurla Complex, Mumbai - 400 051 (hereinafter referred to as the Lender, which expression shall, unless it be repugnant to the subject or context thereof, include its successors and assigns) of the OTHER PART. WHEREAS: 1. The BORROWER and the Lender have entered into a Loan Agreement dated ____________ (the "Loan Agreement") and other writings (collectively referred to as Loan Documents), pursuant to which the Lender has advanced a Loan of Rs.__________ /(Rupees ____________________________________ only) to the BORROWER on the terms and conditions as stated in the Loan Documents.

2.

The BORROWER has now requested the Lender to allow the Borrower to switch to an adjustable rate of interest on the Loan, instead of the rate of interest earlier availed by the Borrower and the Lender has agreed to allow the Borrower to switch as requested in terms and conditions appearing hereinafter. 3. In modification of certain terms of the Loan Documents, the Parties have decided to reduce certain terms and conditions agreed upon, into writing, through these presents; NOW THEREFORE THESE PRESENTS WITNESSETH THAT: 1. INTERPRETATIONS

Terms used but not defined herein shall have the meanings assigned to them in the Loan Documents. 2. PURPOSE OF THE AMENDMENT The purpose of this Amendatory Agreement to the Loan Documents is to amend certain terms and conditions in the Loan Documents, as the Borrower has now requested the Lender to allow the Borrower a adjustable rate of interest on the Loan, instead of the rate of interest earlier availed of by the Borrower. 3. A. (i) AMENDMENTS AMENDMENT TO PREPAYMENT CLAUSE The clause and references defining and referring to prepayment of the Loan in the Loan Documents are hereby deleted in its entirety and the following is substituted in its stead:

The Lender may, in its sole discretion and on such terms as to pre-payment charges, etc., as it may prescribe under applicable conditions, permit prepayment/acceleration in payment of EMIs at the request of the BORROWER, subject that the Lender may at its sole discretion may specify, from time to time, the minimum amount of prepayment/amounts payable on account of acceleration of EMIs. In the event the Lender permits any prepayment/acceleration, the repayment schedule for the Loan shall be amended/altered by the Lender for giving effect to such prepayment/acceleration, and such amended/altered repayment schedule shall be binding upon the BORROWER. In case if any amount is prepaid by the BORROWER, the same The prepaid amount shall be adjusted in the following order, first towards the incidental charges, additional interest, PEMI, EMI outstanding, EMI of current month and balance towards the principal amount of the Lender LOAN. In the event of prepayment, the amortisation schedule shall be effective from the first day of the subsequent month. The Lender at its sole discretion may permit swapping of the post-dated cheques or any other repayment mode as may be applicable, for the purposes of rescheduling of EMI, only if such minimum amount, as may be decided specified by the Lender from time to time is prepaid. B. AMENDMENT TO SCHEDULE

(i) Notwithstanding anything contained to the contrary in the Loan Documents, the Schedule A annexed hereto shall hereinafter prevail, including in respect of the amortisation schedule and charges, instead of the applicable Schedule in the Loan Documents and/or in place of any Supplementary Agreement between the Borrower/s and ICICI Bank relating to Interest Rate .

4. OTHER TERMS AND CONDITIONS All other terms and conditions of the Loan Documents save and except to the extent as varied or modified as specified above or as per the Schedules shall remain in full force and effect. SCHEDULE

(a) Place and Date of Amendatory Agreement Place: ____________________________________________________________ Date: ________________________ X (Day) (Month) (Year) (b) Place and Date of Loan Documents Loan Agreement 1. Place: _____________________________________________________________ Date: ________________________ X (Day) (Month) (Year) Supplementary/Amendatory Agreement, if any 1. Place: ___________________________________________________________ Date: ________________________ X (Day) (Month) (Year) (c ) Name and Address of BORROWER(S) __________________________________________________________________________________________ __________________________________________________________________________________________ _____________________________________________ SCHEDULE A

TERMS AND CONDITIONS APPLICABLE TO THE LOAN WITH ADJUSTABLE INTEREST RATE (A) Definitions: (i) The expression Equated Monthly Installment (EMI) means the amount of monthly payment necessary to amortise the LOAN with interest within such period as may be determined by the Lender from time to time. (ii) The expression Pre Equated Monthly Installment Interest (PEMII) means at the rate indicated hereinbelow, on the Loan from the date/respective dates of disbursement to the date immediately prior to the date of commencement of EMI. (iii) ICICI Bank Floating Reference Rate (FRR) shall mean the percentage rate per annum decided by the Lender from time to time and announced/notified by the Lender in such form and manner as deemed appropriate by the Lender from time to time as Floating Reference Rate. 1. The expression Adjustable Interest Rate means FRR and the margin, if any, as

specified by the Lender and set out hereinbelow, applicable as the interest rate on the loan of the BORROWER pursuant to this Agreement. (B) Interest (i) The Adjustable Interest Rate applicable to the LOAN is as stated hereinbelow. (ii) Until and as varied by the Lender in terms of this Agreement, the Adjustable Interest Rate shall be the percentage of margin stated hereinbelow and the FRR, plus applicable interest tax or other statutory levy, if any. Provided that the aforesaid interest rate shall be reset quarterly, based on the then prevailing FRR, and the BORROWER shall pay interest at such reset rate as may be notified by the Lender to the BORROWER. 1. The BORROWER shall reimburse or pay to the Lender such amount as may have been paid or be payable by the Lender to the Central or State Government on account of any tax levied on interest (and/ or other charges including the PEMII) on the loan by the Central or State Government. The BORROWER shall make the reimbursement or payment as and when called upon to do so by the Lender. (C) Computation of Interest The EMI shall comprise of the principal and interest on the basis of rate of interest mentioned and computed as specified hereunder, rounded off to the next rupee. Interest and any other charges shall be computed on the basis of a year of three hundred and sixty five days. The Lender may at its discretion vary the basis of the year or the periodicity of computation of interest. Computation of rate of interest : (i) All future/further Adjustable Interest Rates applicable for the amount of LOAN lent by the Lender to the BORROWER shall be applied by the Lender on the first day of the month following the quarter in which FRR is changed. (ii) In an event the Lender changes Adjustable Interest Rate prior to the disbursement of the full LOAN within a quarter, the weighted average of the different Adjustable Interest Rate shall be applicable to the loan forthwith from the date of such increase or decrease till the first day of the month following the quarter in which FRR is changed. (iii) Adjustable Interest Rate will be reset on first day of the month following the quarter in which FRR is changed. (iv) In case of PEMII, all future/further Adjustable Interest rate applicable to the BORROWER shall be applied by the Lender on the first day of the month following the quarter in which FRR is changed. (v) The Adjustable Interest Rate applicable to the LOAN shall be on the basis of FRR prevailing on the date of final disbursement. (vi) The Adjustable Interest Rate prevailing on the date of this Agreement or as changed from time to time shall be applied as follows : a) In the event of the BORROWER having already commenced payment of EMI before the beginning of the quarter in which FRR has been revised : on the outstanding principal amount of the LOAN as at the beginning of that quarter, or b) In the event of the BORROWER not having commenced payment of EMI: on the total amount of the LOAN drawn prior to revision of the ICICI Home PLR. Explanation : in the events (a) and (b) above, any pre-payments made by the BORROWER during the financial year shall be taken into account. (vii) The quarter for the purposes of computation shall be a quarter of a year as per the calendar year and each quarter shall begin on 1st January, 1st April, 1st July and 1st October, respectively. the Lender may at its discretion vary the date on which the quarter commences. (D) Amortisation

Subject to provisions of (B) and (C) above and the provision for variation of interest rates etc. contained in this Agreement, the BORROWER will amortise the LOAN as stipulated hereinbelow. (a) Save and except as provided under (b) below, for administrative convenience the EMI amount is intended to be kept constant irrespective of variations in the Adjustable Interest Rate and therefore the number of EMIs is likely to vary. No intimation shall be given by the Lender as to further or other or reduced number of EMIs required to be paid by the BORROWER upon each any change in the Adjustable Interest Rate. Provided however that the BORROWER shall be intimated of the information as to the applicable/applied Adjustable Interest Rate during the preceding financial year on an annual basis, within such time at the end of the financial year as the Lender may determine. (b) Notwithstanding anything to the contrary contained in this Agreement, having regard to Adjustable Interest Rate for the time being, the Lender at its sole discretion shall be entitled to increase the EMI amount suitably if: (i) the EMI is not adequate to cover interest payments in full, and/or (ii) the EMI results in the term of LOAN exceeding the retirement age or 65 years for BORROWER(S), as applicable. (iii) if so required by the Lender at its sole discretion for any reason whatsoever from time to time. The BORROWER shall be required to pay such increased EMI amount and/or the differential amount resultant as determined by the Lender at its sole discretion and intimated to the BORROWER. The Lender may in its sole discretion, having regard to the Adjustable Interest Rate and/or ICICI Home PLR, reduce the EMI amount and in such event, the BORROWER agrees to adhere to our procedure prescribed by the Lender in its sole discretion and to do all such acts or deeds as the Lender may require in order to give affect to such reduced EMI amount. (c) The BORROWER will amortise the LOAN as stipulated hereinbelow, subject to any other changes in such amortisation as communicated later in writing to the BORROWER. (d) The BORROWER shall also pay to the Lender PEMII every month, until commencement of EMI. (e) All the payments, if the Lender so decides, may be collected through postdated cheques handed over at the office of the Lender towards any payment due to the Lender and submission of such post-dated cheques shall be deemed to be an unconditional and irrevocable authority given by the BORROWER to the Lender to present the cheques delivered in advance on their respective dates. the Lender shall be entitled to present the said post dated cheque for payment on or after their respective due dates and the BORROWER agrees and undertakes that i) the BORROWER shall ensure that each of the cheques are honoured on the first presentations and ii) the BORROWER shall not in any event and in any circumstance instruct the Lender not to deposit the said cheque or any of them or stop payment of any of the cheque and notwithstanding the above the BORROWER issue any such instruction, the same shall be considered null and void . In the event of any dishonour of a cheque, without prejudice to the other rights of the Lender, BORROWER shall be liable to pay to the Lender a dishonour charge as mentioned hereinbelow or such other amount as may be stipulated by the Lender from time to time in accordance with the Lenders policy, guidelines etc. The BORROWER may, if he so chooses, issue standing instructions to the bank in which the BORROWER has an account, to debit the account of the BORROWER every month and credit such account as directed by the Lender, for the value of the EMI due. (f) The BORROWER shall of his own accord send to the Lender a statement of

his income, every year from the date hereof. However, the Lender shall have the right to require the BORROWER to furnish such information/documents concerning his employment, trade, business or profession at any time and the BORROWER shall furnish such information/documents immediately. (g) The Lender may vary its FRR from time to time in such manner as the Lender may deem fit in its sole discretion. (h) The BORROWER hereby agrees, confirms and understands that the Lender as it may deem appropriate and necessary, be entitled to require the payment and/or collections of the amounts expressed in the repayment schedule or post dated cheques or other amounts expressed in this Agreement for the purposes of the payment or repayment of all or any amounts due by means of Electronic Clearing System (debit), by itself or through such other person permitted for the same, instead of and in lieu of presenting the post dated cheques, if any issued by the BORROWER in favour of the Lender or utilising any other mode of manner of payment or repayment of the amounts expressed in this Agreement provided that such right of the Lender shall be without prejudice to its other rights in this Agreement including to represent the post dated cheques or other wise to require the use of means of Electronic Clearing System (debit), in case of failure to receive the amounts due, Electronic Clearing System (debit) for any reason whatsoever (i) (E) Interest (a) ICICI Bank Floating Reference Rate: % per annum (as on the date of execution of this Agreement). (b) Adjustable Rate of interest: ICICI Bank Floating Reference Rate __________ % p.a. =___________ %p.a. (c) Pre- EMI Interest % per annum (d) Additional interest % per annum. (e) Commitment fees % per annum. (f) Part Prepayment fees ________________% of amount prepaid However, if the BORROWER makes full prepayment within one year of Part Prepayment, the full prepayment fees shall be applicable on amount prepaid to foreclose the loan and on all amounts tendered by the BORROWER towards Prepayment of the LOAN during the last one year from the date of Final Prepayment. (F) EMI is calculated on the basis of monthly rests. (G) Amortisation (a) Term of repayment months. @ (b) EMI Rs. /-.@ In case of Structured Repayment Facility EMI Rs.________/- from ______ months to ________ months# EMI Rs.________/- from ______ months to ________ months# EMI Rs. _______/- for the balance term of repayment facility# (c) (d) (e) (#Applicable for Structured Repayment Facility) Total Number of EMIs .@ Date of Commencement of EMI ____________________________ . Due date of payment of first EMI ___________________________ .

However, in the event of delay or advancement, the date of commencement of EMI shall be the corresponding day (to the date specified above) of the month following the month in which disbursement will have been completed. In such a case, the

Due Date of Payment of first EMI shall be the corresponding day of the following month to the due date specified above. (f) Subsequent EMIs shall be payable at the end of each respective month. (g) Cheque Dishonour/missed payment charges: Rs. _______________________ /@ Subject to variation in terms of this Agreement. IN WITNESS WHEREOF the parties hereto have signed the day, month and year first above written. Signed and Delivered by the withinnamed Lender by the hand of Mr./Ms. ___________________________________________ its Authorised Signatory Signed and Delivered by the withinnamed Borrower(s) Mr/Mrs______________________ Mr/Mrs______________________

Confirmed and accepted :

______________________ (name/s and signature/s of the guarantor / third party security provider Date :