Following term sheet is the extract from the board resolution passed at the company corporate office on 25th day of March 2020.As per the resolution below condition cannot be altered unless passed in new board resolution. Annexure of the board resolution will be attached with the term sheet.

Transfer against collateral- company

Party A considered as TPF Party B consider as entity with collateral in India

A). To secure a deal with Party A and get the appointment Party B has to deposit a performance guarantee of ____ Lakhs in form of RTGS/IMPS into Party A account well in advance, and inform the location of work by sharing the area PINCODE (it cannot be changed at any point of time)

B). Once the amount is deposited, Party A will complete its due diligence and make all necessary arrangements in the city and area as provided by party B. then will decide the performance date in coordination with party B.

C). On the day of transaction Company’s authorized person will meet at the given location, and he will only interact with the authorized person of the receiving company.

Documents to be exchanged at the meeting point

Sender Company Receiving company

ROC ROC

PANCARD PANCARD

GST CERTIFICATE GST CERTIFICATE

AOA AOA

MOA MOA

BOARD RESOLUTION BOARD RESOLUTION

COMPANY ID CARD COMPANY ID CARD

SIGNATURE VERIFICATION LETTER SIGNATURE VERIFICATION LETTER

AUTHORIZATION LETTER AUTHORIZATION LETTER

BANK STATEMENT BANK STATEMENT

CANCEL CHEQUE APPPROVED PROJECT WITH FINACIALS

BLANK LETTER HEAD WITH STAMP AND SEAL BLANK LETTER HEAD WITH STAMP AND SEAL

D). Once above documents are exchanged and verified Party b will take the authorized person to the location where collateral is kept, it should not be more than 1.5 Kilometer from the meeting point and PINCODE should remain same.

E). Company person will only travel in his/her car along with a security person and driver. Slot time to complete these steps is strictly 1 hour with no extension

F). Once collateral is shown, company person will call his other team to verify and evaluate the collateral, in the mean while collateral is being accessed both parties will complete the documentation and sign all the necessary agreement for smooth transaction.

G). Once collateral is confirmed, company person will inform the head office and send the scan copy of agreement, so RTGS can be initiated along with the value of collateral and premium.

H). Once RTGS is received Party B will do in and out from its account and let the company person pick collateral and leave

NOTE: - Above term sheet should only be signed by authorized person from both parties.

Date of transaction: -

Time Slot: -

Amount: -

Rate:

Location pin code: -

Party A Party B

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