LOAN AGREEMENT

THIS LOAN AGREEMENT (this "Agreement") dated this ________ day of

________________, ________

BETWEEN:

POONAWALLA FINCORP LIMITED of 1st Floor, A-6 Part A, Neelam Bata Rd, Nehru Ground,
New Industrial Twp 1, New Industrial Township, Faridabad, Haryana 121001
(the "Lender")

OF THE FIRST PART

AND

Sanskar Sharma of WARD NO 18,YASHVANTPURA,OJHAR,BARWANI BARWANI

MADHYA PRADESH-INDIA 451449
(the "Borrower")

OF THE SECOND PART

AND

Shubhit tiwari of Hauz Khas Village, Deer Park, Hauz Khas, New Delhi, Delhi 110016, India
(the "Co-Signer")

OF THE THIRD PART

IN CONSIDERATION OF the Lender loaning certain monies (the "Loan") to the Borrower, and
the Borrower repaying the Loan to the Lender, the parties agree to keep, perform and fulfil the
promises and conditions set out in this Agreement:

Loan Amount & Interest

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1. The Lender promises to loan ₹6,00,000.00 to the Borrower and the Borrower promises to
repay this principal amount to the Lender, with interest payable on the unpaid principal at the
rate of 16.75 per cent per annum, calculated yearly not in advance, beginning on 24
September 2024.

Payment

2. This Loan will be repaid in consecutive monthly instalments of principal and interest
commencing on 25 October 2024 and continuing on the twenty-fifth of each following month
until 25 September 2028 with the balance then owing under this Agreement being paid at that
time.

Late Payment

3. Should the Borrower fail to make a payment within 7 days of the date it is due, a late fee of
₹550.00 INR will be charged to the Borrower.

Default

4. Notwithstanding anything to the contrary in this Agreement, if the Borrower defaults in the
performance of any obligation under this Agreement, then the Lender may declare the
principal amount owing and interest due under this Agreement at that time to be immediately
due and payable.

5. Further, if the Lender declares the principal amount owing under this Agreement to be
immediately due and payable, and the Borrower fails to provide full payment within 7 days,
the Borrower will be charged a ₹550.00 INR late fee.

Governing Law

6. This Agreement will be construed in accordance with and governed by the laws of the State
of Haryana.

Costs

7. The Borrower shall be liable for all costs, expenses and expenditures incurred including,
without limitation, the complete legal costs of the Lender incurred by enforcing this
Agreement as a result of any default by the Borrower and such costs will be added to the
principal then outstanding and shall be due and payable by the Borrower to the Lender
immediately upon demand of the Lender.

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 Co-Signer Liability

8. The Co-Signer agrees to be jointly and severally liable with the Borrower for the Borrower’s
obligations under this Loan.

Binding Effect

9. This Agreement will pass to the benefit of and be binding upon the respective heirs,
executors, administrators, successors and permitted assigns of the Borrower, Lender, and Co-
Signer. The Borrower and Co-Signer waive presentment for payment, notice of non-
payment, protest, and notice of protest.

Amendments

10. This Agreement may only be amended or modified by a written instrument executed by the
Borrower, Lender, and Co-Signer.

Severability

11. The clauses and paragraphs contained in this Agreement are intended to be read and
construed independently of each other. If any term, covenant, condition or provision of this
Agreement is held by a court of competent jurisdiction to be invalid, void or unenforceable, it
is the parties' intent that such provision be reduced in scope by the court only to the extent
deemed necessary by that court to render the provision reasonable and enforceable and the
remainder of the provisions of this Agreement will in no way be affected, impaired or
invalidated as a result.

General Provisions

12. Headings are inserted for the convenience of the parties only and are not to be considered
when interpreting this Agreement. Words in the singular mean and include the plural and
vice versa. Words in the masculine mean and include the feminine and vice versa.

Entire Agreement

13. This Agreement constitutes the entire agreement between the parties and there are no further
items or provisions, either oral or otherwise.

IN WITNESS WHEREOF, the parties have duly affixed their signatures on this ________ day of

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________________, ________.

SIGNED, SEALED, AND DELIVERED

this ________ day of ________________, POONAWALLA FINCORP LIMITED
________.
per: ___________________(SEAL)

SIGNED, SEALED, AND DELIVERED

this ________ day of ________________,
________. _____________________________
Sanskar Sharma

SIGNED, SEALED, AND DELIVERED

this ________ day of ________________,
________. _____________________________
Shubhit tiwari

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 NOTARY ACKNOWLEDGEMENT - LENDER
The instrument was acknowledged before me on the ________ day of ________________,
________, by POONAWALLA FINCORP LIMITED.

Being satisfied as to the identity of this executant, I hereby subscribe my hand and seal at
____________________________ on this ________ day of ________________, ________.

_____________________________________
Notary Public

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 NOTARY ACKNOWLEDGEMENT - BORROWER
The instrument was acknowledged before me on the ________ day of ________________,
________, by Sanskar Sharma.

Being satisfied as to the identity of this executant, I hereby subscribe my hand and seal at
____________________________ on this ________ day of ________________, ________.

_____________________________________
Notary Public

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 NOTARY ACKNOWLEDGEMENT - CO-SIGNER
The instrument was acknowledged before me on the ________ day of ________________,
________, by Shubhit tiwari.

Being satisfied as to the identity of this executant, I hereby subscribe my hand and seal at
____________________________ on this ________ day of ________________, ________.

_____________________________________
Notary Public

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