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WAREHOUSE RECEIPT / BOND

Name & Address of the Depositor Receipt / Bond Number Date

M LEELAVATHI

W/O LOKANATH NAIDU

PLAT NO:17

WARD NO.30

EAST 2ND CROSS

CHURCHROAD

NO. A201600018 11/02/2016

Details of Commodity Deposited

Commodity/Variety No. of Bags/Units Approximate QtyKg. Approximate Value /Rs.

CHANNA 479BAGS/60KGS 28740KGS @RS.45/=RS.1293300/=


0BAGS/ 0KGS RS.0/=

TOTAL RS.2013300/=

Chamber where

Stored

Storage Mark Depositors Identification

Marks

B 24/462,29/320,32/17, NOMARK

I declare that I am the owner

representative of the goods mentioned above. I

certify that the above consignment is fit for

storing in cold storage. I have read & understood

all terms & conditions & also have undertaken to

abide by them

Signature of the Depositor

For SREE SESHADRI COLD STORAGE

PVT. LTD.,

Authorized Signatory

Note : This receipt should be produced at the time of releasing the goods

Details of Withdrawals

Date Gate Pass No. No. of Bags Variety Depositors Signature

UNDER LIEN TO INDIAN OVERSEAS BANK, BELLARY 24

SREE SESHADRI COLD STORAGE PVT. LTD.,Plot No. 1347, 163P, 182P & 183, KIADB Industrial Area,

2ndMain, 3rdStage, Mundargi, BELLARY- 583 101.

Cell : 8147788888

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GENERAL TERMS & CONDITIONSTENDER FOR STORAGE :

1. All goods for cold Storage shall be delivered at the Cold Storage premises properly marked and packed for handling.2. The Depositor declares that are in good condition and are fit for keeping in the Cold Storage.3. The Depositor also certifies that the goods are in good condition and are fit for keeping in the cold storage.4. The Depositor shall furnish before delivery goods a manifest showing marks, brands or size to be kept and accounted for separately.

Otherwise the goods may be stored in bulk or assorted at the discretion of the cold storage incharge.

5. The Depositor shall the details of unsound packing if any at the time of deposit. The cold storage shall not take any responsibility forpilferages from such packages.6. 6. Purely as per the declaration given by the depositor the cold storage is accepting deposit of goods. The Cold Storage are not in any

way aware of the contents inside the pickings or any small containers of potty packing inside. There fore the Cold Storage shall not

take any responsibility what so ever for pilferages noticed after taking delivery of the goods from the storage. It is the responsibility ofthe depositor to see whether his packings are in the same condition as at the time of deposit. While taking delivery of the stocks

complains received after removing the stocks from the premises of the storage shall not be entertained under any circumstances.

7. Cold Storage undertakes to store and deliver the goods only on packages in which they are originally received unless otherwiseprovided.

STORAGE PERIOD:

8. All goods are stored on month-to-month basis unless otherwise provided. A Storage month shall extend from a date in one calendarmonth to but not including the same date of the next and of succeeding calendar months but if there is no corresponding date in a next

succeeding calendar month it shall extend to and Include the last day of that month. When the last day of the final storage month falls

on a Sunday or public holiday, the storage month shall be deemed to expire on the next succeeding business day.9. If for any reason the goods deposited cannot be kept for along time in the Cold Storage for which it was a greed to be kept or its further

keeping will deteriorate greatly in value or injure other property the Cold Storage may give such notice as is reasonable and possible in

the circumstances to the depositor requiring nim to remove those goods from the Cold Storage whether immediately or within the timenotified in the notice after paying all the charges, if any due to the Cold Storage.

10. If a Depositor fails to remove the goods within the time required the Cold Storage may remove them and sell the goods in publicauction at the risk and cost of the Depositor and appropriate the sale proceeds towards its dues and remit the balance, if any to the

Depositor.

DEUVERY REQUIREMENTS:11. (a) Instructions for delivery of goods shall always be in writing and signed by the depositor or his authorised agent. Advance

Intimation of atleast 4 hrs. during business time shall be given whenever release of goods is required from the Cold Storage. The goods

shall be handled only by the authorised workmen and shall not be allowed to be handled by any other person when once it is inside

Cold Storage factory. The goods shall be accepted and delivered only during the business hours except in special cases at the discretion

of the Sree Seshadri Cold Storage Pvt. Ltd., Only authorised persons with proper identity of die clients shall be allowed to negotiate

the transaction. Nobody shall be permitted inside the Cold Storage room without permission of Competent authority of the ColdStorage.

(b) Depositor shall not be allowed to take delivery of goods stored unless otherwise he clears all the dues to the Sree Seshadri Cold

Storage Pvt. Ltd.,

LIABILITY:

12. The Cold Storage plant undertakes to exercise reasonable care and diligence required by ten rules and regulations relating to suchstorage for keeping the goods in the Cold Storage. The Goods for Cold Storage are accepted entirely at Depositors risk only. TheDepositor is advised to make his own arrangements for covering the goods by necessary insurance. The Cold Storage shall have the

lien for the goods deposited until all its dues are cleared by the depositor.

13. If any damage or loss occurs to the goods on account of failure of the Cold Storage plant and machinery and, or on account of otherfactors which are beyond control, the Cold Storage shall not be responsible for such loss or damage.

14. The quality condition value and contents of goods are known to the Cold Storage authorities as entered in ten receipt on the basis ofthe declaration made in the regarding by the Depositor at the time of deposit.

15. The Cold Storage shall not hold any responsibility for the loss in weight, shrinkage and other after effects on account of cold storage.16. No guarantee is given for the life of the goods stored in the Cold Storage.SCHEDULE OF CHARGE:17. (a) The charges shall be as per the rates prescribed by the Cold Storage which are subjected to change from time to time without

notice.

(b) If there exists continuous power cut and necessary arises to run the compressor with diesel Generator sets then 25% extra rentalcharges shall be collected and addition to the usual tariff intimated to the Depositors for collection of 25% additional rental charges in

this regard shall be intimated 7 days in ddyance.

(c) All storage charges shall be paid on month-to-month basis unless otherwise provided for and the storage charges shall be paid in

advance for each month in case of continuous monthly charges should be paid within 7 days then the cold storage authorities haveevery right to remove the stocks from the cold storage and to keep it in open yard without giving any advance Intimation to the

Depositor, and then after one week to sell the goods in public Intimation to the Depositor and to adjust the sale proceeds towards dues.(d) The charges for handling, loading and unloading and extra service rendered in the interest of depositor are to be paid by the

Depositor of goods in addition to usual Cold Storage charges. When the goods are transferred from one rack to another at the request

of the Depositor, a charge for handling snail be deemed levied. The Cold Storage may also transform at its own expenses any goods instorage from one rack to another in the Cold Storage for reasons of administrative convenience.

(e) The Cold Storage has right to sell the stock in their custody incase the depositor fails to pay the dues to the bank on or before 31 st

December every year, and credit the amount to the loan account or the creditor and to adjust the balance amount towards storagecharges, without any notice to the depositor.

18. After one month up to 15 days we collect cold storage rent for one month.19. The form for any claim of dispute arising out of this agreement shall be the Civil Court at Bellary City. Note : This receipt should be

produced at the time of releasing the goods.

Signature of the Depositor 25

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Place: Bellary

Date: 11/02/2016

From,

SRI/SMT.M LEELAVATHIS/O.W/O LOKANATH NAIDUPLAT NO:17WARD NO.30

EAST 2ND CROSS

CHURCHROAD

VIDYANAGAR BELLARY TALUK & DST

The Senior Manager,Indian Overseas BankBellary.

Dear Sir,

Produce Loan for Rs.990000 /=

With reference to the above, I hereby declare that:

1. I am a farmer residing at EAST 2ND CROSS holding an agricultural land tothe extent of 12.03 ACRE.

2. I will not use the loan amount for trading purpose.

3. I have not availed any crop loan for cultivation of above produce.

4.No loan is outstanding against the above crop.

Yours faithfully,

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Indian Overseas Bank, Bellary.Application form for loan under Tie-up Arrangement with Cold Storage Unit :

Sree Seshadri Cold Storage Pvt. Ltd., Bellary.1. Name : M LEELAVATHI

2. Age : 38 YEARS

3. Fathers Name : W/O LOKANATH NAIDU4. Address : H.NO.PLAT NO:17

: WARD NO.30

EAST 2ND CROSS,BELLARY

5. Lands cultivated (in acres) : Dry Land Garden Land Wet land Total

1. Own Land : 152A,12.03 ACRE

2. Lease Land :

6. Weather availed crop.

Loan from any institution :NO AT

7. If So, Amount, date of

availment and due date :/=,for repayment

8. Crops for which financeavailed :

9. Produce kept in Cold Storage Unit Sree Seshadri Cold Storage Pvt. Ltd.,Commodities Bags Quantity in Quintal Market Value

Commodity/Variety No. of Bags/Units Approximate Qty Kg. Approximate Value /Rs.


CHANNA 320BAGS/50KGS 16000KGS @RS.45/=RS.720000/=0BAGS/KGS 0KGS @RS./=RS.0/=

TOTAL RS.2013300/=

Finance Required :

10.I request you to sanction a loan of Rs.990000 /=against My DPN and Pledge of ware-house receipt No. 201600018 Dated 11/02/2016 of M/s. Sree Sheshadri Cold

Storage Pvt. Ltd.,(Name of the Cold Storage Unit) to meet our urgent expenses such

as crop cultivation etc.,

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11. (BPLR-4.25%), Rs.50,001/= to Rs.2,00,000/= is 10.25%(BPLR-1.75%),andfor the loans beyond Rs. 2,00,000/- is 11.5%(BPLR-0.50%) half yearly

compoundable. I also understand that the rate of penal interest beyond due date

i.e., 42411 is 2% extra. The rate interests are subject to RBI and Banksguidelines.

12.I hereby authorized you to hand over the bonds to the cold Storagemanagement after closure of the loan account.

13.I accept to bear the processing charges i.e., Rs. 3000/- for the beyond Rs.25,000/- and inspection charges of Rs. 25/-for all the loan accounts. I also

understand that I have to reimburse the postages and notice charges.

Date : 11/02/2016 (Signature of the Applicant)

The Manager,

Indian Overseas Bank, Bellary.

The above mentioned applicant handed over the copy of original bond and

Phani copy. We may sanction an amount of loan of Rs. 990000 /=as per the under

mentioned calculation.




0BAGS/KGS 0KGS @RS./=RS.0/=

TOTAL RS.2013300/=

Loan Amount RS.990000/=

Asst. Manager. Senior Manager

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The Manager,

Indian Overseas BankBELLARY

Name(s) M LEELAVATHI

Loan No. .. Amount Rs.990000/=

LETTER OF PLEDGE

I/we hereby acknowledge to have deposited withIndian Overseas Bank BELLARY the goods,

documents and securities for property of money,hereunder mentioned (hereinafter referred to as thesaid goods and securities in which expression areincluded unless the same is inconsistent with thecontext any further goods, documents and securitiesfor property money to be deposited as hereinaftermentioned a) as a collateral security for the duepayment of my/your Promissory Note to the said Bankdated this 11/02/2016 day of forthe sum of Rupees .990000/= as well as of all interestat the rate of .% over Reserve Bank of India rate ofinterest with a minimum of 10.25% per annum or atsuch other rates as may be notified by the Bank to

me/us from time to time with HALF YEARLY rests andcharges thereon, and also for the cost and charges ofkeeping the said goods and securities as a securityand in case I/we shall make default in paying the saidsum of Rs.990000/= to the said Bank on demandaccording to the tenor of my/our said Promissory Note .I/We hereby authorize and empower the said Bank orany recognized Agent thereof to sell or remove and selland absolutely dispose of the said goods andsecurities in such manner as they or he may think mostadvisable without any reference to

me/us the undersigned or consent on my/our part.I/We further hereby authorise the said Bank to

reimburse itself out of the proceeds of the said goodsand securities all costs, charges and expenses ofkeeping and selling the said goods and securities,but so that the said Bank shall not be responsible forany loss from or through any employee / Agent IBroker or Auctioneer employed in the sale of the saidgoods and securities, or in any other mannerwhatsoever in respect of the said goods andsecurities and the said Bank shall also reimburseitself in the amount of the said Promissory Note andall interest and charges thereon, and should anybalance remain over. I/we authorise the said Bank toplace amount against all such sum or sums of money

as may at the time of such sale be due or owing by orfrom me/us to the said Bank upon or in respect ofany other Promissory Note, Bill of Exchange or otherengagement, although it shall happen that such sumor sums of money shall not be due at the time ofsuch sale, and I/We further engage to pay to the saidBank the balance, if any, remaining unsatisfied andI/We further engage to grant such further documentsas may be found necessary effectually to vest in thesaid Bank the said goods and securities to enablethem to sell or transfer the same and

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I/We further engage to maintain a margin eitherby payment in cash or by the deposit of furtherapproved goods, documents or securities forproperty or money, so that the amount advancedbe not more than 60 percent .of the market valueof the goods or securities deposited as securityfor the time being and I/We agree the banksdecision as to market value shall in all cases befinal and binding upon me/us. And in the event ofmy/our failing to maintain such margin asaforesaid I/Wehereby 7uthorize the said bank tosell at any time before the maturity of my/our saidPromissory Note the portion of or all, the saidgoods and securities for the time being thesubject of this security which may be necessary to

the full payment of my/our said Promissory notewith interest and charges as agreed on. And allfresh security added is to be subject to the sameconditions as hereinbefore stated or as stipulatedfor by any separate document. I/We further agreeand engage not to revoke or make void anyPower of Attorney or other authority which I/wehave given or may give to said Bank to enable itto sell and transfer the Said goods and securitiesfor the time being the subject of this security.

The Bank shall not be answerable or liable for anydamage arising out of shortage, theft, pilferage,deterioration, depreciation and other causesWhich the said goods and securities may sufferwhile in its possession or custody or in thepossession or custody of its servants or Agentsincluding clearing Agents.

The bank shall not be responsible for the shortagein weight or the goods pledged since it will notordinarily be possible to ascertain their correctweight by the Bank either at the time of storage orrelease.

It is distinctly understood that I/We take fullresponsibility for the correctness of the quality,weight and quantity, of the goods and for theirsafety and insurance and for taking suchmeasures or precautions as may be necessary inthis connection. l/We further agree that the Bankshall not be responsible for any accidental orwillful wrong or fraud on the part of its employeescommitted in respect of the said goods andsecurities while in the custody of the bank.

And I/We hereby declare that I/We am/are theowner! Owners of the said goods and securities

and that the

same are, except for such deposit, withinmy/our, own disposition and control and freefrom any prior charge. And lANe hereby alsoagree that any notice in writing requiring to be

served hereunder shall be sufficiently served ifaddressed to me/us at my/our addressregistered in the Bank or in the event of no suchaddress being registered at my/our last knownplace of residence of business in EAST 2NDCROSS and left as such address or place or ifforwarded to me! us by post at the address orplace aforesaid. A notice sent by post shall bedeemed to be given at the time when in duecourse of post it would be delivered at theaddress to which it is sent.

I/we hereby agree as a pre-condition of theloan! advances given to me/us by the bank thatin case I/We commit default in the repayment ofthe loan! advances or in the repayment ofinterest thereon or any of the agreed installmentof the loan on due date/s, the bank and/or theReserve Bank of India will have an unqualifiedright to disclose or publish my/our name or thename of our company/firm/unit and its directors!partners! proprietors as defaulters in suchmanner and through such medium as the bankor Reserve Bank of India in their absolute

discretion may think fit.The Borrower hereby agrees and undertakesthat the amount/amounts advanced or to beadvanced by the Bank will not be used for anypurpose other than for which it has beensanctioned/ advanced. It is distinctly understoodby the Borrower that the Borrower is herebyexpressly prohibited from using the amountadvanced and/or to be advanced or any partthereof for any purpose other than for which ithas been advanced sanctioned.

The Borrower hereby agrees and undertakesthat after availment of the loan or any part of it,the Borrower will procure and produce acertificate from its auditors or from any auditorthe bank may nominate in this behalf, certifyingthat the amount/amounts advanced by the Bankhave been, used only for the purpose for whichit has been sanctioned/ advanced and if theBorrower fails to

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produce such certification and I or if the Bankapprehends or has any reason to believe, (theBanks decision in this regard being final) that theborrower has violated or is violating or is likely toviolate this condition it shall be lawful for the Bank

and the Bank shall have a right to recall the entirebalance due under all, any and I or each of thecredit facilities or accommodations thenoutstanding or any part thereof forthwithnotwithstanding anything to the contrarycontained herein or in any other document orletter of sanction or terms and conditions andwithout prejudice to any of the rights of the Bankhereunder or under any law, rule or refutations toinitiate appropriate Civil and / or criminal action/sagainst the Borrower.

The Borrower further agrees that on suchdemand, the

Borrower shall forthwith pay the amount/s duetogether with interest, interest tax, furtherinterest, additional interest, penal interest,commission fees, cost, charges and expensesincurred or to be incurred by the Bank till date of

paymentThe Bank shall have an absolute discretion todetermine what amount/s within the aforesaidlimit it will advance and or/allow to beoutstanding from time to time in the respectiveseparate account opened/to be opened by it andthe Bank shall be at liberty to refuse to allowfurther drawings or advances or to makeavailable any credit facility at any time withoutpervious notice to the Borrower and withoutassigning any reasons therefore.

PARTICULARS OF SECURITIES ABOVE REFERRED TO




0BAGS/KGS 0KGS @RS./=RS.0/=TOTAL RS.2013300/=

.

Signature of Borrower(s)

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CONSENT-CUMAUTHORIZATION (CAL.A)

l/We, understand that as a pre-condition relatingto grant of and/or continuing availment of the

loans/ advances/other non-fund based creditfacilities to/by me/us, the Indian Overseas Bank,requires my/our consent for the disclosure by thebank of, information and data relating to me/us ofthe credit facility availed of/to be availed byme/us, obligations assumed/to be assumed, byme/us in relation thereto and default, if anycommitted by me/us, in discharge thereof.

2. Accordingly, I/We hereby agree and giveconsent for the disclosure by the Indian

Overseas Bank of all

or any such:

(a) Information and data relating to me/us:

(b) the information of data relating to any creditfacility availed of/to be availed, by me/us and

(c) default, if any, committed by me/us, indischarge of my/our such obligation.

as the Indian Overseas Bank may deemappropriate and necessary, to disclose andfurnish to Credit Information Bureau (India) Ltdand any other agency authorised in this behalf byRBI.

3. l/We, declare that the information and datafurnished by me/us to the Indian Overseas Bankare true and correct.

4. l/We, undertake that:

a) the Credit Information Bureau (India) Ltd. andany other agency so authorised may use, process

the said information and data disclosed by theBank in the manner as deemed fit by them; and

(b) the. Credit Information Bureau (India) Ltd.and any other agency so authorised may furnishfor consideration, the processed information anddata or products thereof prepared by them, tobanks/ financial institutions and other creditgrantors or registered users, as may bespecified by the Reserve Bank in this behalf.The expression bank includes lendinginstitutions for the purpose.

.

Signature of Borrower(s)

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Indian Overseas BankAGREEMENT FOR ADVANCES AGAINST PLEDGE OF WAREHOUSE RECEIPTS

Place : BELLARY

Date :11/02/2016

The Manager,

Indian Overseas BankBellary.

Dear Sirs,

I / we hereby acknowledge to have delivered to you

WAREHOUSE RECEIPT NO.201600018DATED11/02/2016 ISSUED BY M/S SREESESHADRI COLD STORAGE PVT., LTD., BELLARYdocuments of title to goods described in general termsin the schedule hereto as security for due repaymentof the debt due by me/us M LEELAVATHI for sum of990000/= Rupees NINE LAKHS NINTY THOUSANDSONLY by way of principal and of interest thereon atthe rate of 10.25% per annum or such rate as may befixed by the Bank from time to time and all charges tobe made by you in connection therewith and also allnecessary expenses (ordinary as well asextraordinary) costs and charges which may be

incurred by you in respect of the possession or for thepreservation of the said goods / documents of title togoods.

2. l/we agree that in the event of my/our failing to payyou on demand the said sum of Rupees NINE LAKHSNINTY THOUSANDS ONLY together with interestthereon and all costs charges and expenses incurredby you in connection there with or in

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respect of the possession of the goods documents of

title to goods, or in the event of my/our failure toobserve or perform any of the terms and conditionshereof, you shall be entitled without any previous noticeto me/us or consent on my/our part (notwithstandingany notice required by law or otherwise to be given theright to which notice is hereby expressly waived byme/us) and without prejudice to any of your other rightsor remedies to sell or otherwise, dispose of either bypublic auction or private contract as you may consideradvisable at any time or times the goods pledged asaforesaid or any part or parts thereof and to appropriatethe net sale proceeds in the first instance towards thecosts, charges and expenses. due to you for the

keeping of and selling the said goods and then towardsthe debt due and all interest and charges thereon. Ifafter appropriation made as above, any surplusremains, you shall be at liberty to apply and appropriatethe amount against any other debts or liabilities ofmine/ours to you, whether alone or jointly with anypersons of firm (whether as principal debtors or assurety) whether the same be secured or not, andwhether such debts had become due or not. You shallhave also the right without any previous notice to me/usto set-off or appropriate any sum or sums of moneystanding to my/our credit in any

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4.

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account at any office of your bank towards thedebt due by me/us, in the event of my/our failureto pay the debt on demand or in the event of anydeficit existing even after appropriating the saleproceeds of the goods.

I/We agree that I/We shall accept withoutquestion the Banks accounts of such sale orsales or other transactions signed by anyauthorised officer of the Bank as sufficient proofof the amount realised by the sale or sales andthe costs, charges and expenses incurred inconnection therewith.

I/We agree that the Bank shall not beresponsible for any loss from or through anyBrokers or Auctioneers employed in the sale orsales of the said goods or in any other mannerwhatsoever in respect of the said goods.

I/We hereby engage and undertake to maintainat all times in favour of the Banks a margin of40% between the market value from time to timeof the goods and the balance due to you fromtime to time. Such margin is to be calculated onthe market value of the goods as fixed by youfrom time to time and is to be maintained byme/us either by the delivery by me/us of furthersecurity to be approved by you or by cashpayment by mel us of sufficient sum so tomaintain unimpaired the said margin. n

assessing the market value of the goods andarriving at the loan able value of the goodspledged after reserving the requisite margin, youshall be the sole Judge.

We undertake to insure and to keep insured thesaid goods at all times and from time to time itsfull value against fire and all other risks asrequired by you with Insurance companiesapproved by you and to deliver to you the policyor policies of Insurance duly transferred in yourfavour. In the event of my/ our failure to do so,

you shall be entitled to insure the said goods atmy/our expense and on my/our account anddebit the charges to my/our account and I/Weshall be bound to repay you on demand all suchsums so paid by you or debited to my/ouraccount.

In the event of loss or destruction by fire or

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Other wise you shall be entitled to recover andreceive all monies payable in respect of theinsurance and appropriate it towards the debt dueby me/us and the previous Clause (2) supra shallalso apply in such cases as if there had been a

realization of the value of the goods by sale.I/We further agree that, notwithstanding thedischarge of the debt due by me/us as security forpayment of which I/We have pledged with you thegoods documents of title to goods mentioned inthe schedule here to you shall have the right toretain and hold such goods which may remain inmy/our possession at the time of the discharge ofthe debt for which they were originally pledged asand by way of security for all other debts orliabilities of mine/ours owing to you on any accountat any office of the Bank (whether singly or jointly,whether as principal debtor or as surety) and youshall have all the rights of a pledge over the saidgoods in respect of such debts or liabilities and allsuch, powers and discretions as are exercisableby you in respect of the goods so remaining.

I/We agree that you shall not be required to sellthe goods pledged before suing me/us on the debtdue, as it is purely optional on your part so to doand that we shall not dispute your right to sue me/us on the debt due, retaining the goods/documentsof title to goods pledged by me/us as security.

I/We agree that you shall not be answerable orresponsible for any damage or depreciation whichthe said goods and property may suffer while inyour possession and that we shall not also holdyou responsible for any loss or shortage or diminution in quantity or weight of the goods caused bytheft, burglar3 or any other cause and that suchloss or damages or depreciation or diminution shallbe suffered and borne by me/us wholly.

I/We hereby acknowledge that you have acceptedpledge of the goods hereunder on the distinct

understanding that you shall not be held liable tome/us or my/our heirs, assignees, administratorsor executors or any person claiming right or title to

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the goods under or through me/us for

accountability on the ground of any shortage of

any quantity or any defect or variation in the

quality, nature, condition and contents of the said

goods as represented by me/us and that the

pledge of the goods was taken by you on the

faith of my! our representation as to the quantity,

quality, condition, nature and contents of the said

goods and without verification of the correctness

of my/our representation on the strength of which

wholly you were induced to act by me/us

(notwithstanding any certificate of any godown

keeper or other employee of the Bank

acknowledging receipt of goods as represented

by me/us or delivery to the Bank).

I/We hereby declare that I/We have every right to

pledge the goods/documents of title to goods

hereby pledged and to create a valid pledge

thereof in your favour and that there are no

encumbrances, lien or attachment of any kind or

any sort, over the same.

I/We agree that all other securities given by

me/us on any other account or in respect of any

other transaction of mine/ours with you shall, in

so far as the same shall not have been exhaust,be available to you as further security for the

debt or liability secured under this instrument of

pledge.I/We agree to have the Banks lien noted

in the Warehouse Certificate and deliver the

same to you before drawing any advance

together with an undertaking by Warehouseman

to the following effect that the goods or any part

thereof will not be permitted to be removed or

dealt with from the warehouse in any manner by,

the depositor without the written permission of

the Bank previously obtained; and thatnotwithstanding any agreement to the contrary

between the depositor without the written

permission of the Bank previously obtained; and

that notwithstanding any agreement to the

contrary between the depositor and

warehouseman the goods will be delivered to the

Bank on demand without any reference to the

depositor or his consent; the Bank is at liberty to

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inspect, through its officers, the goods under lien

to the Bank during the hours of business; that the

Warehouseman shall give notice to the Bank in

case of any loss or damage to the goods when it is

in deposit in the Warehouse and before taking any

action to auction the goods deteriorating or about

to deteriorate in the warehouse in accordance with

the State/Central Warehouse rules.

I/We agree to indemnify you and keep you

indemnified against all losses, damages, claims,

demands, costs, charges and expenses sustained

by you or made against you in respect of the

goods pledged under this instrument.

I/We further agree that the security delivered to

you from time to time shall be security to you for

the repayment of the ultimate balance outstanding

unpaid in the loan/overdraft/cash credit account

and I am /We are to remain liable for the balance

not withstanding the fact that by payments made

into the account, the loan/overdraft /cash credit

may stand reduced or extinguished other balance

in the said accounts brought to credit from time to

time or at any time.

I/We hereby accept that this pledge of mine/ours;

carries with it your right to repledge the said goods

to which I/We hereby expressly give my/ourconsent.

I/We hereby agree as a pre-condition of the loan!

advances given to me/us by the bank that in case

I/We commit default in the repayment of the loan!

advances or in the repayment of interest thereon

or any of the agreed installment of the loan on due

date/s, the bank and/or the Reserve Bank of India

will have an unqualified right to disclose or publish

my/our name or the name of our company/firm!

unit and its directors/partners/proprietors anddefaulters in such manner and through such

medium as the bank or Reserve Bank of India in

their absolute discreion may think fit.

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SCHEDULE

Description of Document

WARE HOUSE RECEIPT NO.201600018 DATED.11/02/2016ISSUEDBY M/S SREE SESHADRI COLD STORAGE PVT.LTD.,BELLARY

Signature .AddressSri.M LEELAVATHI

S/O,W/O.W/O LOKANATH NAIDUPLAT NO:17

WARD NO.30

EAST 2ND CROSS

CHURCHROADVIDYANAGAR BELLARY TALUK & DST

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Sree Seshadri Cold Storage Pvt. Ltd.,Plot No. 1347, 163P, 182P, 183, KIADB Industrial Area, 2

ndMain,

3rd

Stage, Mundargi, Bellary.

LETTER OF UNDERTAKINGThe Manager,

Indian Overseas Bank,Bellary.

Dear,

We wish to inform that MR/MRS. M LEELAVATHI S/O,W/OW/O

LOKANATH NAIDU,EAST 2ND CROSS is approaching you to sanction a Loan of

Rs990000/= against the pledge of our Cold Storage Bond No. 201600018 dated

11/02/2016 Issued by us for the Value of Rs.2013300/= We have noted your lien in

the Bond and we hereby assure that we will release of your Banks lien.

We undertake and agree not to deliver or transfer or part with any of the goodsheld under trust for the Bank to any of the specified borrowers of the Bank or to

their representatives or agents at any time except the written consent and authorization

of the officials of the Banks for release of the specified goods. We accept,

acknowledge and recognize first charge of the Bank over the goods.

Thanking you,

Yours faithfully,

Authorized Signatory/ Manager.

Schedule

Name and Address of the Party Description of Goods No. of Bags

Presentmarket

value TotalRs.

Particularsof

InsuranceRemarks

M LEELAVATHI

W/O LOKANATH NAIDU

PLAT NO:17

WARD NO.30EAST 2ND CROSS

CHANNA

CHANNA

479BAGS/60KGS

320BAGS/50KGS

0BAGS/KGS

2013300/=

Authorized Signatory /Manager

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Indian Overseas Bank, Bellary.Date : 11/02/2016

To,

Sree Seshadri Cold Storage Pvt. Ltd., Bellary.Plot No. 1347, 163P, 182P, 183, KIADB Industrial Area,

2ndMain, 3rdStage, Mundargi, Bellary.

Dear Sir,

Notice of the Banks Lien on Specified Goods.

Please take notice that MR/MRS. M LEELAVATHI S/O,W/OW/O LOKANATH

NAIDU,EAST 2ND CROSS has/have assigned and endorsed over to the Bank and deposited

with this Bank as Security for advances granted to him/ them against Warehouse Receipt

No201600018 date 11/02/2016 issued by you covering Stocks.

Commodity/Variety No. of Bags/Units ApproximateQty Kg.

CHANNA 479BAGS/60KGS 28740KGS


0BAGS/KGS 0KGS

The aforesaid goods or any part thereof shall not at any time be delivered by you except on

the production of your receipt above mentioned duly discharged by the Bank or with the consent of

this Bank. This notice is sent to you in duplicate and we shall be glad if you will please return to us

one copy thereof duly signed by you, in taken of your having received it and of your agreement (a) to

hold such goods in future as Warehouseman for the Indian Overseas Bank and to continue so to hold

the same notwithstanding that the period up to which the goods have been accepted for deposit shall

have expired, and (b) not to sell, hypothecate, charge or otherwise deal with or dispose of the goods,

except where, in the case of goods of perishable nature, it is apprehended that by continued storage

they will deteriorate greatly in value or injure other property, in which event, you shall give such notice

as in reasonable and possible under the circumstances to the Indian Overseas Bank, being lawful

holder of the Warehouse receipt and also to MR/MRS. M LEELAVATHI S/O,W/OW/O

LOKANATH NAIDU,EAST 2ND CROSS the original depositor requiring the goods to be

received from the Warehouse and if upon their failing to do so, your depose of the goods by public

sale the sale proceeds, less any costs incurred and charges due to you, shall be held by you on

account of the Indian Overseas Bank and shall be payable to the said Bank.

Yours faithfully,

F-374Senior Manager 11

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The Banks lien has been noticed in Warehouse Register. The mention goods

or any part thereof will not be permitted to be received or dealt with from the

Warehouse in any manner by the depositor without the written permission of the

Bank previously obtained. Not with standing any agreement to the contrary with the

depositor, the goods will be delivered to the Bank on demand without any reference

to the depositor of his consent. The Bank is at liberty to inspect through its Officers,

the goods under lien to them during the hours of business. The Bank will be notified

of any loss or damage to the goods before taking any action to auction the goods in

accordance with State/Central Government Warehouse Rules.

Date : 11/02/2016. Signature of Warehouse

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IINNDDIIAANNOOVVEERRSSEEAASSBBAANNKK DATE:11/02/2016

PP..NNoo..4455,,AAnnaanntthhaappuurrRRooaadd,,BBEELLLLAARRYY - 583101

PHONE 08392-275634,279928Ref: ADVI

To

M/s/Mr./Ms./

SRI/SMT.M LEELAVATHI

S/O,W/O.W/O LOKANATH NAIDU

PLAT NO:17,WARD NO.30EAST 2ND CROSS,BELLARY

Sir (s)CREDIT SANCTION ADVICE

1. We refer to your loan application dated 11/02/2016 we also refer to the relatedcorrespondence and discussions seeking clarifications on various points raised by you/us andthe consensus of the terms and conditions and the credit facilities arrived.

We have pleasure in advising sanction of credit facilities as appended to this

communication on terms and conditions stipulated thereon.

-As and when you avail the said credit facilities, renewal of the limits at our option isdue (i) at the end of twelve months from the date of this communication or (ii) fromthe date of our letter, if any, advising revalidation of this sanction:

2. Please note that:

2.a. bank reserves its right to amend, alter the terms and conditions or withdraw all or any of

the credit limits sanctioned at any time at its discretion without assigning any reasons

whatsoever.

2.b. the limits shall not be operative until specified documents are executed both by loanee /s

and guarantor/s and terms and conditions of sanction are complied with as per the

requirements of Sanctioning Authority /

disbursing branch (es).

2.c. the credit facility should be utilised for the specific purpose for which the same has been

sanctioned and. if the bank has reason to believe that you have violated, or apprehends that

you are about to violate the said conditions the Bank shall have the option to exercise its right

to recall the entire loan or any part there of at once, in addition to its right to withdraw the

undrawn limits not withstanding anything contrary contained in this Sanction Advice. It is

affirmed that this right is without prejudice to the Bank's right to demand the Loan amount

for violation of other terms and conditions of the sanction and / or the terms reflected in the

loan / security documents to be executed by you.

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2.d. the referred credit, facility is extended to you solely at the Bank's discretion. In addition

to what is stated in para 2.c., the Bank reserves the right to withdraw partially / wholly or

regulate such credit facility on the occurrence of anyone or all of the following events:

2.d.l. your non-compliance with terms and conditions of sanction

2.d.2. indulging in drawings beyond sanctioned limits.

2.d.3. issuing cheques for purposes other than specifically agreed.

2.d.4. indulging in large cash withdrawals not commensurate with the requirementsestimated.

2.d.5. indulging in activities with are detrimental to the image / interest of the Bankviz., acts that are unlawful, malafide etc.

2.e. In terms of directives in force now or as may be modified from time to time default in

repayment of instalments and / or servicing of interest for a notified period, automatically

results in categorisation of all your borrowal accounts as Non Performing Asset (NPA). Such

categorisation renders you ineligible from seeking.

2.e.1. additional / adhoc credit facilities (Fund based and / or Nonfund based).

2.e.2. waiver of overdue interest. 2.e.3.

soft 2.e.3 recovery measures etc .

2.f. bank is under no obligation to consider your request, if any, for additional Credit facility

(ies) without a comprehensive review of the existing credit limits, operations in the accounts

and past performance in meeting commitments such as servicing of interest charged to the

loan account(s) repayment of loan instalments, prompt submission of stock-statements.,upkeep of records of inventory and books of accounts, upkeep of machinery financed,

honouring commitments under LC / LG promptly etc, as applicable to the purpose for which

credit facility has been extended.

2.g. in the event of your borrowal account being overdrawn without prior agreement or

exceeding the agreed borrowing limit or in the event of delay / non-submission of stock

statement, Bank shall charge overdue interest at the rates specified from time to time .

The amount of such overdue interest debited to the loan account will find a place in the

Statement of Account received by you (presently such overdue interest is levied @.2..p.a. onthe amount due).

2.h.1. in the case of borrowal accounts where interest rate is linked to BPLR (Bench mark

Prime Lending Rate),or where fixed interest rate is specified by the Bank, changes if any, in

the Bank's BPLR and / or the spread (Viz. Plus or minus percentage factor to BPLR) or fixed

rate specified by the Bank, shall be conveyed through Press Report or Publicity through

media, or a suitable 'Notice' placed in the banking-hall of the branch and such mode of

communication shall be construed as sufficient "Notice" to you about the revision effected

in the interest rates.

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2.h.2. The applicable interest rate/s will be charged with monthly/quarterly/half

yearly/annual rests, or such other rates and rests as may be notified by the Bank from time to

time.

2.h.3 The interest will be calculated and charged as per the daily balances, to your borrowal

account/s until the same is fully liquidated and the interest so charged will be paid by youas

per the terms agreed or as and when demanded by the Bank.

2.i. prepayment of your borrowal accounts will be subjected to the applicable repayment

charges and revised terms and conditions.

2.j. copies of loan documents to be executed by you for the credit facility(ies) referred herein,

will be provided at your cost, on receipt of a specific request in writing to the undersigned.

2.k. upon availment of credit facility on terms agreed, you have to produce necessary

documentary evidence for end-use and facilitate verification by the bank. As and when called

for, a certificate from your Auditor regarding end-use of the loan availed should be produced

to the bank.

2.1. change if any, in the constitution of your organisation viz Reconstitution of partnership

Firm or conversion of Private Limited Company into a Public Limited Company or changes

in Constitution / Directors, proposals for merger / takeover etc., should be advised

immediately to us in writing. The Bank has the sole discretion to accept or reject such

reconstitution / conversion/ changes and until such time, the same will have the right to

suspend the operation of the limits and in the event, the bank does not accept / recognise suchreconstitution / conversion / changes, the bank will have the right to recall the entire loans, in

addition to the right to withdraw the undrawn limits.

2.m. all your borrowal accounts with our branch / bank will be subjected to the application of

disclosure -norms prescribed by RBI.

2.n. this credit sanction is valid for an availment- period six months from the date of this

communication before which the said credit facilities are to be availed. Unless availed within

the period of six months, this sanction requires revalidation by the Sanctioning Authority,When the necessity for revalidation arises, you have to submit a written request letter to the

branch furnishing the reasons for the non-availment of credit facilities even after lapse of sixmonths from the date of this communication. Such request for revalidation will be evaluated by

the Sanctioning Authority and the validation of availment - period of sanction or otherwise will

be communicated to you. It is to be noted that request for revalidation of sanction will be

entertained only once.

2.p. your borrowal accounts are subject to the applicability of KYC (Know Your Customer)

guidelines in terms of directives from RBI currently in force. We seek your co-operation in

furnishing the required personal information / data under the requirements of KYC guidelines as

and when the same is sought by us.

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2.Q. In case the borrower is a company falling under the purview of Campanies Act 1956, the

release of Credit Facilities will be subject to the Company holding valid Corporate Identity

Number (CIN) and all Directors of the Company holding Directors Identification Number

(DIN).

2.q.1 In respect of loan accounts (with credit limits of above Rupees Five Lacs) which are

renewed with delay, processing charges shall be collected proportionately for the period from the

due date of renewal up to the date of actual renewal as per the schedule of charges prescribed.

2.q.2 In addition to the processing charges for the lapsed period, processing charges shall also be

collected for one year from the date of actual renewal.

2.q.3 Processing charges calculated as above is appended:

For the lapsed period Rs. /=

For the next one year till( 11/02/2016

date)

Rs.3000/=

Total Rs.3000/=

This amount is non-refundable even if you do not take up the limits Renewed or foreclose the

loan/ facilities account within the period mentioned.

2.r. The information/data pertaining to all your borrowal accounts shall be furnished to Credit

Information Bureau of India Limited (CIBIL) and other Agencies/Authorities, from time to time in

terms of mandatory provision in force.

3. Guarantor/s is/are advised to take notice that the bank shall have the right to exercise

discretion with regard to allowing the loanee to withdraw amount from the loan account

over and above the limit sanctioned and the guarantee to be extended shall cover such an

eventuality also.

4. This Sanction Advice is being delivered to you in duplicate. Kindly return the duplicate

copy of this Sanction Advice duly signed on all pages by you as also by the guarantor/s in

token of your acceptance of Credit facility/ facilities sanctioned to you on the Terms and

Conditions specified herein.

Deputy / Second Line Manager First Line Manager

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Name of Facility Limits Margin Interest Rate

AGRICULTURAL ADVANCES

SHORT TERM LOAN AGAINSTWAREHOUSE RECEIPTS

THROUGH M/s SREE SESHADRICOLD STORAGE PVT LTD

990000/=

(RUPEES.NINE

LAKHS NINTY

THOUSANDS

ONLY ONLY)

1023300/= BPLR-0.5%

Presently 10.25%

Prime Security : Against pledge of ware house receipt of the following commodity,

Commodity/Variety No. of Bags/Units ApproximateQty Kg.



0BAGS/KGS 0KGS

Repayment of Term Loan :

The loan should be repaid within 12 months after date of first disbursement. Holiday period interestshould be serviced as and when debited during the holiday period.

Guarantors :-

Terms and conditionsOther Terms and conditions:

1.You should pay/ regularize the account if the prices of goods tend to fall

Without allowing us to recourse to forced sale of goods by Bank.2. The Goods deposited in the warehouse should be comprehensively insured for the full

value with the Banks clause by Warehouse.

Date : Deputy/Second line manager First line Manager

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DEMAND PROMISSORY NOTE

RS. 990000/- PLACE: BELLARY

DATE: 11/02/2016

On Demand I/We M LEELAVATHI S/O W/O LOKANATH NAIDU,EAST 2ND CROSS

jointly and severally Promise to pay INDIAN OVERSEAS BANK, or order, the sum of

Rupees 990000/-(Rupees. NINE LAKHS NINTY THOUSANDS ONLY ONLY) for

value received together with interest thereon at the rate of -0.5% percent over/below the

Banks Benchmark Prime Lending Rate as may be revised by the Bank from time to time

(which at present is 9.70%) and the present effective rate of interest at percent

per annum from this date until repayment in full with HALF YEARLY rests or at such rates

and rests as may be revised by the Bank on its own or as per the instruction of the Reserve

Bank of India from time to time.

(Signature of the Borrower/s)

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ANNEXURE-II

INDIAN OVERSEAS BANK

BELLARY BRANCH

Name of the Applicant: M LEELAVATHI

Appraisal Form for Advance against Warehouse Receipts

1. Details of crop produce & storage :

Sl.No. Name of the crop Quantity Market Value

(Rs.)

M S P Value

(Rs.)

1 CHANNA 28740 1293300

2 CHANNA 16000 720000

3 0 0

TOTAL

2013300

Sl.No. Warehouse/ColdStorage Receipt

No.

Name of State/Centre Ware-houseCorporation/Private unit issued the Receipt

1 201600018 M/S SREE SESHADRI COLD STORAGE PVT., BELLARY.

Whether our lien is marked on Warehouse Receipt : Yes/No

If the warehouse/cold storage receipt is from private unit? : Yes/No(An approved List of Warehouses/Cold storages from other banks/NABARD to be

obtained and maintained by Ros)

2. Proof of land record or lease agreement & Details : 152 TOTAL 12.03 ACARES

3. Declared that produce is free from any kind YES

of charge to others

4. Total value of all the produce : Rs. 2013300/=

Less Margin 40% : Rs.1023300

Net eligible loan : Rs.990000

Terms of Repayment proposed : 12 Month ends on : 09/02/2017

Signature of Appraising Officer

SENIOR MANAGER

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CERTIFICATE OF DOCUMENTATION FOR ADVANCES

FROM TO

NAME : UDAY KUMAR : THE SENIOR MANAGERROLL NO : 51586 : INDIAN OVERSEAS BANK

DESIGNATION: MANAGER II LINE : BELLARY BRANCH

=======================================================================

CREDIT FACILITIES ADVANCE DOCUMENTS

ACCOUNT: M LEELAVATHI

FACILITY: CHANNA

AMOUNT: 9,90,000========================================================================

I hereby certify that the relevant advance documents as per instructions in the

Book of Instructions/ Documentation Manual and Circulars issued from time to

time/Sanction Endorsements have been obtained from the captioned borrower in

respect of the loan (Indicate nature of the loan)

___________________________________ facilities sanctioned by you/RO/CO

vide sanction No: ___________________________dated ________________

and that the documents are complete in all respects.

(SIGNATURE)

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