Common use of Pledge/Charge of Shares Clause in Contracts

Pledge/Charge of Shares. i) At all times during the validity of the Loan Documents, the Borrower shall cause to be forthwith created a first-ranking and exclusive pledge/charge in favour of IHFL on agreed percentage of the (present and future) shares, instrument(s) convertible into shares and/or instrument(s) with voting rights issued/to be issued by the company/companies and in this regard, the Borrower shall cause the (present and future) holders of the shares and/or the said instruments of such company/companies to forthwith execute a pledge/charge agreement, other documents and a Power of Attorney in the form and substance satisfactory to IHFL. Further, without prejudice to the aforesaid, the Borrower shall cause the Pledgor(s) to forthwith create a first-ranking and exclusive pledge/charge on the Pledged / Charged Shares in favour of IHFL and/or any of its agent/nominees/trustees, including all shares/securities lying in, and/or shares/securities which has been credited/ shall be credited from time to time in the Pledgor(s)' Demat Account(s) and in regard of which the Borrower shall cause the Pledgor(s) to execute a pledge/charge agreement, other documents and a Power of Attorney in the form and substance satisfactory to IHFL. The Demat Account(s) shall be opened by the Pledgor(s) with a depository participant(s) as approved by IHFL. ii) The Pledgor(s) is/are/shall be pledging the Pledged/Charged Shares in consideration that IHFL has agreed to lend and advance the Loan to the Borrower with the understanding that on or after occurrence of an Event of Default under the Loan Documents the Pledged/Charged Shares or any part thereof may be sold, disposed off, transferred, encumbered and/or dealt with, in any manner whatsoever and on such terms and conditions (including the sale price) at the sole discretion of IHFL. iii) The Borrower confirm and undertake that the Pledged/Charged Shares, and which are to be/are pledged/charged in favour of IHFL, are the absolute Property of the Pledgor(s) and that the same are and shall be free from all encumbrances and claims (except for any pledge/charge/claim of IHFL) at all times till all the obligations of the Borrower under the Loan Documents have been complied with to the satisfaction of IHFL including payment/repayment of Xxxxxxxx's Dues to IHFL by the Borrower and all requisite consents, regulatory or otherwise, and procedural formalities for pledging the Pledged / Charged Shares are obtained and complied with. iv) The Borrower agree and shall cause the Pledgor(s) to agree to obtain all consents and permissions to execute such documents, deeds and writings as may be required by IHFL to create the Security for payment and/or repayment of the Borrower's Dues under the Loan Documents. The Borrower shall ensure that the Pledgor(s) meet the requirements of Loan Documents to the extent applicable to the Pledgor(s). Unless otherwise agreed by IHFL, the Pledged/Charged Shares shall not be permitted to be de-pledged/released of pledge/ charge unless the entire Borrower's Dues have been repaid to IHFL

Pledge/Charge of Shares. i) At all times during the validity of the Loan Documents, the Borrower shall cause to be forthwith created a first-ranking and exclusive pledge/charge in favour of IHFL on agreed percentage of the (present and future) shares, instrument(s) convertible into shares and/or instrument(s) with voting rights issued/to be issued by the company/companies and in this regard, the Borrower shall cause the (present and future) holders of the shares and/or the said instruments of such company/companies to forthwith execute a pledge/charge agreement, other documents and a Power of Attorney in the form and substance satisfactory to IHFL. Further, without prejudice to the aforesaid, the Borrower shall cause the Pledgor(s) to forthwith create a first-ranking and exclusive pledge/charge on the Pledged / Pledged/Charged Shares in favour of IHFL and/or any of its agent/nominees/trustees, including all shares/securities lying in, and/or shares/securities which has been credited/ shall be credited from time to time in the Pledgor(s)' ’ Demat Account(s) and in regard of which the Borrower shall cause the Pledgor(s) to execute a pledge/charge agreement, other documents and a Power of Attorney in the form and substance satisfactory to IHFL. The Demat Account(s) shall be opened by the Pledgor(s) with a depository participant(s) as approved by IHFL. ii) The Pledgor(s) is/are/shall be pledging the Pledged/Charged Shares in consideration that IHFL has agreed to lend and advance the Loan to the Borrower with the understanding that on or after occurrence of an Event of Default under the Loan Documents the Pledged/Charged Shares or any part thereof may be sold, disposed off, transferred, encumbered and/or dealt with, in any manner whatsoever and on such terms and conditions (including the sale price) at the sole discretion of IHFL. iii) The Borrower confirm and undertake that the Pledged/Charged Shares, and which are to be/are pledged/charged in favour of IHFL, are the absolute Property property of the Pledgor(s) and that the same are and shall be free from all encumbrances and claims (except for any pledge/charge/claim of IHFL) at all times till all the obligations of the Borrower under the Loan Documents have been complied with to the satisfaction of IHFL including payment/repayment of Xxxxxxxx's Borrower’s Dues to IHFL by the Borrower and all requisite consents, regulatory or otherwise, and procedural formalities for pledging the Pledged / Pledged/Charged Shares are obtained and complied with. iv) The Borrower agree and shall cause the Pledgor(s) to agree to obtain all consents and permissions to execute such documents, deeds and writings as may be required by IHFL to create the Security for payment and/or repayment of the Borrower's ’s Dues under the Loan Documents. The Borrower shall ensure that the Pledgor(s) meet the requirements of Loan Documents to the extent applicable to the Pledgor(s). Unless otherwise agreed by IHFL, the Pledged/Charged Shares shall not be permitted to be de-pledged/released of pledge/ charge unless the entire Borrower's ’s Dues have been repaid to IHFL

Pledge/Charge of Shares. i) At all times during the validity of the Loan Documents, the Borrower borrower shall cause to be forthwith created a first-ranking and exclusive pledge/charge in favour of IHFL on agreed percentage of the (present and future) shares, instrument(s) convertible into shares and/or instrument(s) with voting rights issued/to be issued by the company/companies and in this regard, the Borrower borrower shall cause the (present and future) holders of the shares and/or the said instruments of such company/companies to forthwith execute a pledge/charge agreement, other documents and a Power of Attorney in the form and substance satisfactory to IHFL. Further, without prejudice to the aforesaid, the Borrower borrower shall cause the Pledgor(s) to forthwith create a first-ranking and exclusive pledge/charge on the Pledged / Pledged/Charged Shares in favour of IHFL and/or any of its agent/nominees/trustees, including all shares/securities lying in, and/or shares/securities which has been credited/ shall be credited from time to time in the Pledgor(s)' ’ Demat Account(s) and in regard of which the Borrower borrower shall cause the Pledgor(s) to execute a pledge/charge agreement, other documents and a Power of Attorney in the form and substance satisfactory to IHFL. The Demat Account(s) shall be opened by the Pledgor(s) with a depository participant(s) as approved by IHFL. ii) The Pledgor(s) is/are/shall be pledging the Pledged/Charged Shares in consideration that IHFL has agreed to lend and advance the Loan to the Borrower borrower with the understanding that on or after occurrence of an Event of Default under the Loan Documents the Pledged/Charged Shares or any part thereof may be sold, disposed off, transferred, encumbered and/or dealt with, in any manner whatsoever and on such terms and conditions (including the sale price) at the sole discretion of IHFL. iii) The Borrower confirm confirms and undertake undertakes that the Pledged/Charged Shares, and which are to be/are pledged/charged in favour of IHFL, are the absolute Property property of the Pledgor(s) and that the same are and shall be free from all encumbrances and claims (except for any pledge/charge/claim of IHFL) at all times till all the obligations of the Borrower Borrower(s) under the Loan Documents have been complied with to the satisfaction of IHFL including payment/repayment of Xxxxxxxx's ’s Dues to IHFL by the Borrower Borrower(s) and all requisite consents, regulatory or otherwise, and procedural formalities for pledging the Pledged / Pledged/Charged Shares are obtained and complied with. iv) The Borrower borrowers agree and shall cause the Pledgor(s) to agree to obtain all consents and permissions to execute such documents, deeds and writings as may be required by IHFL to create the Security for payment and/or repayment of the Borrower's ’s Dues under the Loan Documents. The Borrower borrower shall ensure that the Pledgor(s) meet the requirements of Loan Documents to the extent applicable to the Pledgor(s). Unless Pledgor(s).Unless otherwise agreed by IHFL, the Pledged/Charged Shares shall not be permitted to be de-pledged/released of pledge/ charge unless the entire Borrower's ’s Dues have been repaid to IHFL

Pledge/Charge of Shares. i) At all times during the validity of the Loan Documents, the Borrower shall cause to be forthwith created a first-ranking and exclusive pledge/charge in favour of IHFL on agreed percentage of the (present and future) shares, instrument(s) convertible into shares and/or instrument(s) with voting rights issued/to be issued by the company/companies and in this regard, the Borrower shall cause the (present and future) holders of the shares and/or the said instruments of such company/companies to forthwith execute a pledge/charge agreement, other documents and a Power of Attorney in the form and substance satisfactory to IHFL. Further, without prejudice to the aforesaid, the Borrower shall cause the Pledgor(s) to forthwith create a first-ranking and exclusive pledge/charge on the Pledged / Charged Shares in favour of IHFL and/or any of its agent/nominees/trustees, including all shares/securities lying in, and/or shares/securities which has been credited/ shall be credited from time to time in the Pledgor(s)' Demat Account(s) and in regard of which the Borrower shall cause the Pledgor(s) to execute a pledge/charge agreement, other documents and a Power of Attorney in the form and substance satisfactory to IHFL. The Demat Account(s) shall be opened by the Pledgor(s) with a depository participant(s) as approved by IHFL. ii) The Pledgor(s) is/are/shall be pledging the Pledged/Charged Shares in consideration that IHFL has agreed to lend and advance the Loan to the Borrower with the understanding that on or after occurrence of an Event of Default under the Loan Documents the Pledged/Charged Shares or any part thereof may be sold, disposed off, transferred, encumbered and/or dealt with, in any manner whatsoever and on such terms and conditions (including the sale price) at the sole discretion of IHFL. iii) The Borrower confirm and undertake that the Pledged/Charged Shares, and which are to be/are pledged/charged in favour of IHFL, are the absolute Property of the Pledgor(s) and that the same are and shall be free from all encumbrances and claims (except for any pledge/charge/claim of IHFL) at all times till all the obligations of the Borrower under the Loan Documents have been complied with to the satisfaction of IHFL including payment/repayment of XxxxxxxxBorrower's Dues to IHFL by the Borrower and all requisite consents, regulatory or otherwise, and procedural formalities for pledging the Pledged / Charged Shares are obtained and complied with. iv) The Borrower agree and shall cause the Pledgor(s) to agree to obtain all consents and permissions to execute such documents, deeds and writings as may be required by IHFL to create the Security for payment and/or repayment of the Borrower's Dues under the Loan Documents. The Borrower shall ensure that the Pledgor(s) meet the requirements of Loan Documents to the extent applicable to the Pledgor(s). Unless otherwise agreed by IHFL, the Pledged/Charged Shares shall not be permitted to be de-pledged/released of pledge/ charge unless the entire Borrower's Dues have been repaid to IHFL

Pledge/Charge of Shares. i) At all times during the validity of the Loan Documents, the Borrower borrower shall cause to be forthwith created a first-ranking and exclusive pledge/charge in favour of IHFL on agreed percentage of the (present and future) shares, instrument(s) convertible into shares and/or instrument(s) with voting rights issued/to be issued by the company/companies and in this regard, the Borrower borrower shall cause the (present and future) holders of the shares and/or the said instruments of such company/companies to forthwith execute a pledge/charge agreement, other documents and a Power of Attorney in the form and substance satisfactory to IHFL. Further, without prejudice to the aforesaid, the Borrower borrower shall cause the Pledgor(s) to forthwith create a first-ranking and exclusive pledge/charge on the Pledged / Pledged/Charged Shares in favour of IHFL and/or any of its agent/nominees/trustees, including all shares/securities lying in, and/or shares/securities which has been credited/ shall be credited from time to time in the Pledgor(s)' ’ Demat Account(s) and in regard of which the Borrower borrower shall cause the Pledgor(s) to execute a pledge/charge agreement, other documents and a Power of Attorney in the form and substance satisfactory to IHFL. The Demat Account(s) shall be opened by the Pledgor(s) with a depository participant(s) as approved by IHFL. ii) The Pledgor(s) is/are/shall be pledging the Pledged/Charged Shares in consideration that IHFL has agreed to lend and advance the Loan to the Borrower borrower with the understanding that on or after occurrence of an Event of Default under the Loan Documents the Pledged/Charged Shares or any part thereof may be sold, disposed off, transferred, encumbered and/or dealt with, in any manner whatsoever and on such terms and conditions (including the sale price) at the sole discretion of IHFL. iii) The Borrower confirm confirms and undertake undertakes that the Pledged/Charged Shares, and which are to be/are pledged/charged in favour of IHFL, are the absolute Property property of the Pledgor(s) and that the same are and shall be free from all encumbrances and claims (except for any pledge/charge/claim of IHFL) at all times till all the obligations of the Borrower Borrower(s) under the Loan Documents have been complied with to the satisfaction of IHFL including payment/repayment of Xxxxxxxx's Borrxxxx’x Dues to IHFL by the Borrower Borrower(s) and all requisite consents, regulatory or otherwise, and procedural formalities for pledging the Pledged / Pledged/Charged Shares are obtained and complied with. iv) The Borrower borrowers agree and shall cause the Pledgor(s) to agree to obtain all consents and permissions to execute such documents, deeds and writings as may be required by IHFL to create the Security for payment and/or repayment of the Borrower's ’s Dues under the Loan Documents. The Borrower borrower shall ensure that the Pledgor(s) meet the requirements of Loan Documents to the extent applicable to the Pledgor(s). Unless otherwise agreed by IHFL, the Pledged/Charged Shares shall not be permitted to be de-pledged/released of pledge/ charge unless the entire Borrower's ’s Dues have been repaid to IHFL

Pledge/Charge of Shares. i) At all times during the validity of the Loan Documents, the Borrower shall cause to be forthwith created a first-ranking and exclusive pledge/charge in favour of IHFL on agreed percentage of the (present and future) shares, instrument(s) convertible into shares and/or instrument(s) with voting rights issued/to be issued by the company/companies and in this regard, the Borrower shall cause the (present and future) holders of the shares and/or the said instruments of such company/companies to forthwith execute a pledge/charge agreement, other documents and a Power of Attorney in the form and substance satisfactory to IHFL. Further, without prejudice to the aforesaid, the Borrower shall cause the Pledgor(s) to forthwith create a first-ranking and exclusive pledge/charge on the Pledged / Pledged/Charged Shares in favour of IHFL and/or any of its agent/nominees/trustees, including all shares/securities lying in, and/or shares/securities which has been credited/ shall be credited from time to time in the Pledgor(s)' Demat Account(s) and in regard of which the Borrower shall cause the Pledgor(s) to execute a pledge/charge agreement, other documents and a Power of Attorney in the form and substance satisfactory to IHFL. The Demat Account(s) shall be opened by the Pledgor(s) with a depository participant(s) as approved by IHFL. ii) The Pledgor(s) is/are/shall be pledging the Pledged/Charged Shares in consideration that IHFL has agreed to lend and advance the Loan to the Borrower with the understanding that on or after occurrence of an Event of Default under the Loan Documents the Pledged/Charged Shares or any part thereof may be sold, disposed off, transferred, encumbered and/or dealt with, in any manner whatsoever and on such terms and conditions (including the sale price) at the sole discretion of IHFL. iii) The Borrower confirm confirms and undertake undertakes that the Pledged/Charged Shares, and which are to be/are pledged/charged in favour of IHFL, are the absolute Property property of the Pledgor(s) and that the same are and shall be free from all encumbrances and claims (except for any pledge/charge/claim of IHFL) at all times till all the obligations of the Borrower Borrower(s) under the Loan Documents have been complied with to the satisfaction of IHFL including payment/repayment Repayment of XxxxxxxxBorrower's Dues to IHFL by the Borrower Borrower(s) and all requisite consents, regulatory or otherwise, and procedural formalities for pledging the Pledged / Pledged/Charged Shares are obtained and complied with. iv) The Borrower Borrowers agree and shall cause the Pledgor(s) to agree to obtain all consents and permissions to execute such documents, deeds and writings as may be required by IHFL to create the Security for payment and/or repayment Repayment of the Borrower's Dues under the Loan Documents. The Borrower shall ensure that the Pledgor(s) meet the requirements of Loan Documents to the extent applicable to the Pledgor(s). Unless otherwise agreed by IHFL, the Pledged/Charged Shares shall not be permitted to be de-pledged/released of pledge/ charge unless the entire Borrower's Dues have been repaid to IHFL