AXIO Loan Agreement

Stamp Duty ₹20 .
0 0
Certificate No. IN-TN74683566812737V
Account Ref. No. SHCIL01 (CR)/ tnshcil10/ Triplicane-SRO/ TN-CC
Issued Date 11-03-2023
Issued By SHCIL
State Tamil Nadu
Party Details
First Party CapFloat Financial Services Pvt Ltd
Second Party Vivriti Capital Pvt Ltd and Sudarshan Ku
Stamp Duty Paid By CapFloat Financial Services Pvt Ltd
Purchased By CapFloat Financial Services Pvt Ltd
Document Type Article 5 Agreement
Description Loan Agreement
Additional Details
Consideration Amount ₹80000 .0 0
Document Reference
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MENON AJITKUMAR GOPINATH Sudarshan Kishorchandra Kulkarni
Digital Aadhaar
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13 Mar 2023 at 11:31:53 IST (UTC+05:30) 11 Mar 2023 at 12:08:31 IST (UTC+05:30) 13 Mar 2023 at 11:09:10 IST (UTC+05:30)
Signature eSign Signature
Stamp Ref No: IN-TN74683566812737V
Key fact statement/fact sheet

Date: 11-03-2023
Applicant Name: SUDARSHAN KISHORCHAN
Name of Regulated Entities: Capfloat Financial Services Private Limited (Operating under the brand axio)
and Vivriti Capital Private Limited
Sl
Name Details
No.
1 Loan Amount ₹80000.0
2 Total interest charged during the entire tenure of the loan ₹30274.56
3 Other up-front charges ₹3042.4
a. Processing Fee, if any ₹1982.4
b. Insurance Charges, if any N/A
c. Pre EMI ₹1060.01
4 Net disbursed amount (1 - 3) ₹76957.6
5 Total amount to be paid by the borrower (1 + 2 + 3) ₹113316.96
Annual Percentage Rate - Effective annualized interest rate (in percentage and reducing balance
6
method) 20.68%2
7 Tenure of the Loan (in months/days) 42 months

8 Repayment frequency by the borrower Monthly
9 Number of installments of repayment 42
10 Amount of each installment of repayment ₹2625.59
Details about contingent charges
Late fee charges:
11 Additional interest rate of 24 % per annum over and above ROI agreed will be levied in case of delay in
payment of principal and/or interest.
Bounce Charges
12 A bounce charge of ₹500 will be charged per EMI cycle in case of bounce of auto-debit of EMIs via auto
repayment mode setup.
axio is the trade name of C apFloat Financial Services P rivate Limited 1 of 27

No.136, Shyamala Towers, 6th Floor, East Wing,Arcot Road, Saligramam, C hennai-600093, Tamilnadu
Registered office at, New No. 3 (Old No. 211) Gokaldas P latinum, Upper P alace Orchards, Bellary Road, Sadashivnagar, Bangalore Karnataka - 560080
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C all: 080 6807 5001 | Email: ask@ axio.co.in Digital
To be stamped appropriately as per stamp duty act applicable on the execution date of this agreement and party/parties paying the stamp duty should mention the acknowledgement
details in Schedule I of this agreement.
Other Disclosures
Cooling off period during which borrower shall not be charged any penalty on prepayment of loan 30
13
other than the APR3 days
Details of recovery agent and authorized to approach the borrower:
Entity Name: Capfloat Financial Services Private Limited (Operating under the brand axio)
14
Contact No: 080-68075001
Email ID: [email protected]
Designated Grievance Redressal Officer of Capfloat Financial Services Private Limited (Operating
under the brand axio) to deal with digital lending related complaints / issues:
Name: Saiteja Panuganti
15 Office Address: New No. 3 (Old No. 211), Gokaldas Platinum, Upper Palace Orchards, Bellary Road,
Sadashiva Nagar, Bengaluru,Karnataka 560080
Telephone/Mobile: 080-68075001
Email ID: [email protected]
1Pleasenote that Pre EMI charged upfront is calculated as on today. This amount will vary based on the
disbursement date.
2APR is the effective annualized rate charged to the borrower of a digital loan. APR is based on an all-inclusive cost
and margin including cost of funds, credit cost and operating cost, processing fee, verification charges,
maintenance charges, etc., and excludes contingent charges like penal charges, late payment charges, etc.
3A cooling off/look-up period is the time window which is given to borrowers for existing digital loans, in case a
borrower decides not to continue with the loan.

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Annexure 1
Detailed Repayment Schedule
Installment No. Outstanding Amount (₹) Principal (₹) Interest (₹) Installment (₹)
1 80000 1353.59 1272 2625.59
2 78646.41 1375.11 1250.48 2625.59
3 77271.3 1396.98 1228.61 2625.59
4 75874.32 1419.19 1206.4 2625.59
5 74455.13 1441.75 1183.84 2625.59
6 73013.38 1464.68 1160.91 2625.59
7 71548.7 1487.97 1137.62 2625.59
8 70060.73 1511.62 1113.97 2625.59
9 68549.11 1535.66 1089.93 2625.59
10 67013.45 1560.08 1065.51 2625.59
11 65453.37 1584.88 1040.71 2625.59
12 63868.49 1610.08 1015.51 2625.59
13 62258.41 1635.68 989.91 2625.59
14 60622.73 1661.69 963.9 2625.59
15 58961.04 1688.11 937.48 2625.59
16 57272.93 1714.95 910.64 2625.59
17 55557.98 1742.22 883.37 2625.59
18 53815.76 1769.92 855.67 2625.59
19 52045.84 1798.06 827.53 2625.59
20 50247.78 1826.65 798.94 2625.59
21 48421.13 1855.69 769.9 2625.59
22 46565.44 1885.2 740.39 2625.59
23 44680.24 1915.17 710.42 2625.59
24 42765.07 1945.63 679.96 2625.59
25 40819.44 1976.56 649.03 2625.59
26 38842.88 2007.99 617.6 2625.59
27 36834.89 2039.92 585.67 2625.59
28 34794.97 2072.35 553.24 2625.59
29 32722.62 2105.3 520.29 2625.59
30 30617.32 2138.77 486.82 2625.59
31 28478.55 2172.78 452.81 2625.59

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32 26305.77 2207.33 418.26 2625.59

33 24098.44 2242.42 383.17 2625.59
34 21856.02 2278.08 347.51 2625.59
35 19577.94 2314.3 311.29 2625.59
36 17263.64 2351.1 274.49 2625.59
37 14912.54 2388.48 237.11 2625.59
38 12524.06 2426.46 199.13 2625.59
39 10097.6 2465.04 160.55 2625.59
40 7632.56 2504.23 121.36 2625.59
41 5128.33 2544.05 81.54 2625.59
42 2584.28 2584.28 41.09 2625.59

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Date: 11-03-2023
Reference number: VACAFLT348233657834
To,
SUDARSHAN KISHORCHAN
SUBJECT - SANCTION LETTER
Dear Sir / Madam,
We are pleased to inform that you are eligible for a Personal Loan facility from us as per following terms:
1 Loan application date : 11-03-2023

2 Details of Borrower : SUDARSHAN KISHORCHAN
3 Validity period of this offer : 30 days from loan application date
Lender 1: Capfloat Financial Services Private
Limited
4 Lenders : Lender 2: Vivriti Capital Private Limited
(Collectively, "Lenders")
5 Loan amount sanctioned : ₹80000.0

5 Pre-EMI Component : As per disbursal date
6 Term : 42 months
7 Rate of Interest : 19.08% p.a, Reducing
8 Processing fee : 2.1% + GST @18%
As per repayment schedule shared at the time of
9 Repayment :
disbursal
10 Monthly Installment Amount : ₹2625.59
0% if loan closed before 180 days OR 0% if closed

11 Prepayment charges :
after 180 days
₹500 per dishonor of Cheque / ECS / NACH / DOM
12 Cheques / ECS dishonor charges :
or SI
13 Other charges : NA
14 Documentation : Proof of current residence address
Post completion of the document you will be
15 Loan Disbursement :
eligible for the loan.

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The terms of this loan sanction shall also be governed by General Terms and Conditions, copies of which is also
available on our website: https://axio.co.in/terms-conditions, which you may kindly read before confirming your
acceptance. The said documents are incorporated here. The Borrower's acceptance to the terms of this letter and
understanding of the General Terms and Conditions should be informed to the Lender via email. Further, each of the
Borrower shall be jointly and severally responsible for compliance to the terms of this loan sanction and for
repayment of the loan amount disbursed.
This sanction letter will only be a letter of offer and shall stand revoked and cancelled, if there are any material
changes in the proposal for which the Loan is sanctioned or; If any event occurs which, in our sole opinion is
prejudicial to our interest or is likely to affect the financial condition of the Borrower or his I her/ their ability to
perform any obligations under the loan or; any statement made in the loan application or representation made is
found to be incorrect or untrue or material fact has concealed or; upon completion of the validity period of this offer
unless extended by us in writing.
We value your relationship with us and assure you of our best services always.
Best Regards,
axio Team.

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PERSONAL LOAN AGREEMENT

This PERSONAL LOAN AGREEMENT("Agreement") entered on the date, at the place and among the parties set out
in Schedule I (Details of the Parties).
WHEREAS
A. The Parties are desirous of entering into an arrangement whereby:

1. CapFloat Financial Services Private Limited (Formerly Zen Lefin Private Limited), a company incorporated
under the Companies Act, 1956, registered as a non-deposit taking, non-banking financial company with
the Reserve Bank of India having its registered office at New No. 3 (Old No. 211) Gokaldas Platinum, Upper
Palace Orchards, Bellary Road, Sadashivanagar, Bangalore Karnataka 560080 India and principal place of
business at, No.136, Shyamala Towers, 6th Floor, East Wing, Arcot Road, Saligramam, Chennai - 600093,
Tamilnadu. (hereinafter referred to as "axio" which term shall include its successors and assigns); and
2. Vivriti Capital Private Limited, a company incorporated under the Companies Act, 2013, registered as a non-
deposit taking, non-banking financial company with the Reserve Bank of India having its registered office at
Prestige Zackria Metropolitan No.200/1-8, 2nd Floor, Block 1, Anna Salai, Chennai-600002 (hereinafter
referred to as "VCPL" which term shall include its successors and assigns)
(axio and VCPL are collectively referred to as "Lender" and individually as a "Lender") shall provide a Financial
Facility to the Borrower for the personal needs / use of the Borrower as declared in Schedule II.
B. Now the Parties to the Agreement have agreed to the following terms and conditions for disbursement / availing
of the Loan.
1. FACILITY
1. Facility
Lenders, at the request of the Borrower agrees to lend to the Borrower, and the Borrower agrees to borrow
from Lenders, the Facility is to the extent of the Overall Limit during the Availability Period on the basis of and
subject to the conditions, terms and covenants set out in this Agreement and the Schedules, including but not
limited to Schedule II (Terms of the Facility).
2. Purpose
The Borrower agrees and acknowledges that he/she shall apply the proceeds of each disbursement towards
the End Use as declared in Schedule II. The key terms of the Facility are set out in Schedule II (Terms of the
Facility).
2. TERMS OF DISBURSEMENT
1. Availability
The Borrower shall be entitled to request a disbursement of the Facility Amount for each Facility in multiple
tranches (each, a "Loan") during the Availability Period subject to the Borrower complying with the provisions
of this Agreement and to the satisfaction of Lenders.
2. Mechanics of Funding Drawdown
a. The Borrower shall deliver a notice of drawdown with respect to each such drawdown, to Lenders, no
later than 5 (five) Business Days prior to the desired date of disbursal in the format specified in
"Drawdown Notice", such other form as agreed between the Parties, based on which Lenders shall, [in
part or in whole] disburse the Loan to the Borrower's Designated Account pursuant to which the
Borrower will be continued to be obligated to repay the facility extended to him/her.
b. Subject to the compliance or waiver of the conditions precedent specified in Clause 3 (Conditions
Precedent) below to the satisfaction of Lenders, loan amount shall be disbursed as per the amount
requested, subject to upfront deduction towards Interest pursuant to Clause 4.1 (Interest), on a date no
later than 5 (five) Business Days of receiving the Drawdown Notice ("Disbursement Date") to the
designated account specified in the Drawdown Notice.

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3. Right to Refuse Disbursement

Notwithstanding anything contained in this Agreement, Lenders shall have the right, to refuse disbursement of
the Facility / Loan.
4. Cooling Off Period
During the Cooling-Off period, the Borrower can exit the Loan by paying the principal and the proportionate
Annual Percentage Rate without any penalty, however in order to be eligible to return/cancel the Loan amount
during the Cooling- off period, the Borrower will be required to submit a copy of the Bank Account into which
the said loan amount was disbursed, along with an undertaking that the Loan amount was not utilized by the
Borrower during the Cooling-Off period.
3. CONDITIONS PRECEDENT
1. Conditions Precedent to the Loan
The disbursement of the Loan shall be subject to the fulfillment of the conditions set forth in a manner
satisfactory to Lenders.
a. Receipt of specimen signatures, identity, address and a certified true copy of the same;
b. Receipt of all approval of third parties, including creditors of the Borrower for availing any of Loan on the
terms and conditions as contained in this Agreement;
c. Receipt of certified true copies of all consents/ approvals/ sanctions/ permissions including the
governmental approvals, as may be required for the borrowing any of Loan on the terms and conditions
as contained in this Agreement;
d. Completion of the due diligence and the Know Your Customer checks on the Borrower by Lenders;
e. To provide Lenders with the Bank Account details of the Borrower for the purpose of repayment of the
loan / EMI as and when demanded by Lenders;
f. Issuance and delivery of cheques/NACH/DDM/SI for repayment of the loan in the manner set out in the
Schedule III;
g. Any other condition as may be stipulated by Lenders including completion of the due diligence and "Know
Your Customer" checks on the Borrower by Lenders.
h. The borrower is at least 21 years of age and has an annual household income greater than INR 3 lacs.
4. INTEREST
1. Interest
The Borrower shall be liable to pay the Interest with respect to each Loan. Provided that, the Borrower shall
jointly and severally be liable to pay any further amounts that become due towards Interest.
2. Additional Interest
If the Borrower fails to pay any amount payable by it under this Agreement on its Due Date, Additional Interest
shall accrue on a daily basis on such amount from the Due Date or Repayment Date, as applicable, up to the
date of actual payment and shall be liable for payment on demand by Lenders. The Additional Interest payable
during and after the Extended Period shall be as set out in Schedule II (Terms of Facility) of this Agreement.
3. General
a. The Borrower acknowledges that any sums, Interest, fees or premium, default amounts including the
Additional Interest, are: (i) reasonable and that they represent genuine pre-estimates of the loss incurred
by Lenders in the respective events of non-compliance by the Borrower and are not penal in nature, and
(ii) exclusive of all Taxes and statutory payments (each of which shall be to the account of the Borrower).
4. Change in Interest
Lenders shall have the right to alter at any time, the rate at which Interest is payable for the Loans / Facility,

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which shall be communicated to the Borrower. After such communication of change in interest the Borrower
shall repay the repayment installment as per the altered rate of interest. However, the altered rate of Interest
shall not be applicable in respect of any amounts which became due and payable prior to the date of the said
alteration of the rate of Interest.
5. REPAYMENT
1. Repayment
The Borrower shall be liable to repay the Loan in accordance with the Repayment Schedule.
2. CHEQUE / NACH / DDM / SI
The Borrower covenants with Lenders that it shall simultaneously with the execution of this Agreement issue
to Lenders, Undated Cheques and Post Dated Cheques and / or NACH / e-NACH / DDM / SI for repayment of
the relevant Repayment Installment and the Interest thereon and deliver the same to Lenders in a form and
manner satisfactory to Lenders. The Borrower confirms and acknowledges that the Facility is being extended
on the basis of the Undated Cheques and Post Dated Cheques and / or NACH / e-NACH / Standing Instruction /
Direct Debit Mandate. Lenders shall be entitled to present & encash, the corresponding Post Dated Cheques
and / or NACH / e-NACH / Standing Instruction / Direct Debit Mandate or any other form of debit allowed by the
bank, on each Repayment Date in accordance with the Repayment Schedule towards the repayment of the
corresponding Repayment Installment of the Facility or until realization of the Outstanding dues of the
borrower. Upon encashment of the Post Dated Cheques and / or NACH / e-NACH/ Standing Instruction / Direct
Debit Mandate or any other form of debit allowed by the bank on the relevant Repayment Date and the
repayment of all outstandings due as on the relevant Repayment Date, the balance Receivables standing to the
credit of the Designated/Virtual Account as on the Repayment Date, shall be transferred to the account
specified by the Borrower for deposit of such Receivables.
3. Appropriation
Any amounts due and payable by the Borrower under this Agreement shall be appropriated by Lenders
towards such dues in the following order:
a. firstly, interest on fees, costs, charges, expenses, premiums and other monies due and payable to
Lenders;
b. secondly, fees, costs, charges, expenses and other monies due and payable to Lenders;
c. thirdly, Additional Interest under Clause 4.2 (Additional Interest);
d. fourthly, Interest, if any; and
e. fifthly, Repayment Installments.
4. On Demand Facility
If the amounts that are due are not deposited in the relevant Designated Account on or before the relevant
Due Date, Lenders shall have the right to seek full and final repayment of the Outstanding Amount on demand
from the Borrower (which shall immediately make such payments), with the payment of Additional Interest.
5. Payment Default
If Lenders does not receive any amounts due, on or before the Due Date, the Borrower shall be deemed to
have committed an Event of Default under Clause 10 (Events of Default), and the Borrower shall pay, the
Additional Interest, from the Due Date till the date on which actual payment of the said amount is made.
6. Obligation to Ensure Payments
Any and all disputes between the Parties in relation to or arising out of this Agreement shall not affect the
Borrower's obligation to ensure payment to and receipt by Lenders of amounts due and payable under this
Agreement, from time to time.
7. Payment Settlement

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Any and all payments contemplated under this Agreement shall be made through the Real Time Gross
Settlement (RTGS) or NACH / e-NACH / DDM / SI or any other system of fund transfer as desired by Lenders.
8. Prepayment
Unless otherwise specified in Schedule II (Terms of the Facility), the Borrower shall be entitled to prepay the
Loan or any part of the Loan prior to the relevant Repayment Date by paying the Prepayment Charges to
Lenders.
6. FEES
Lenders shall be entitled to receive the Processing Fees towards processing of each Loan and costs from the
Borrower in accordance with the fee letter agreed between the Borrower and Lenders.
7. OUTSOURCING BY Lenders
The Parties acknowledge and agree that Lenders shall have the right to engage, at any time and from time to
time, the services of third parties for the purpose of collection / recovery of any and all amounts outstanding
and due and payable to Lenders under the terms of this Agreement or performing the obligations prescribed
under this Agreement, at the cost of the Borrower.
8. REPRESENTATIONS AND WARRANTIES
The Borrower make the representations and warranties set out in this Clause 8 to Lenders on the date of this
Agreement and on each Repetition Date (by reference to the facts and circumstances then existing on each
Repetition Date).
1. Status
a. The Borrower is a resident and Citizen of India and has the power, competence and financial solvency to
execute this Agreement and perform his/her/its obligations under this Agreement.
b. The Borrower hereby represents that the financial facility obtained is for personal use only and that the
same shall not be used for any unlawful activities.
c. The provisions of these Terms and Conditions, when accepted, will constitute, legal, valid and binding
obligations on the borrower that will be enforceable in accordance with their respective terms.
2. Non-conflict with other obligations
The entry into this Agreement by the Borrower, and the performance of the transactions contemplated by this
Agreement by the Borrower, do not and will not conflict with:
a. any Applicable Law; or
b. any agreement or instrument binding upon it or any of its assets, nor will result in the existence of, or
oblige it to create, any security over any of its assets.
3. Power and Authority
The Borrower has the power to enter into, perform and deliver, and has taken all necessary action to authorize
his/her/its entry into, performance and delivery of, this Agreement and the transactions contemplated
hereunder.
4. No default or misleading information
a. No Event of Default is continuing or might be expected to result from the making of any Disbursement.
b. No other event or circumstance is outstanding which constitutes or shall constitute a default under any
other agreement or instrument which is binding on the Borrower or to which the assets of the Borrower
is/are subject to and which might have a material adverse effect on the Borrower.
c. All factual information contained in, provided by the Borrower in connection with the Loan or this
Agreement is true, complete and accurate in all respects as at the date it was provided or as at the date
(if any) at which it is stated and is not misleading in any respect.

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d. The borrower agrees and confirms that there is no change in the information, in the KYC, if any, available
with Lenders and the same can be used by the lenders for this facility
5. Financial statements
a. The financial statements of the Borrower provided to Lenders give a true and fair view and fairly
represent the Borrower's financial condition and operations as at the end of and for the relevant financial
year.
6. No proceedings pending or threatened
No litigation, arbitration, investigative or administrative proceedings of or before any court, arbitral body or
agency or proceedings have been started or threatened against the Borrower.
7. No immunity
a. Neither the Borrower nor any of his/her/its assets is/are entitled to immunity from suit, execution,
attachment or other legal process in India.
8. Relating to Money Lenders
a. The Borrower is not from any "Scheduled Area" and is not a member of any scheduled tribe and hence
the money lenders regulations applicable to such areas and to members of scheduled tribes are not
applicable to him/her/it; and
b. Borrower is not a farmer.
c. The transaction entered into between Lenders and the Borrowers under this agreement is not an
advance and purely a loan.
d. The transaction entered into between Lenders and the Borrower does not exceed 60% of Lenders's paid-
up share capital, free reserves (as per the latest audited balance sheet of a company, are available for
distribution as dividend excluding any amount representing unrealised gains, notional gains or revaluation
of assets, whether shown as a reserve or otherwise, and any change in carrying amount of an asset or
of a liability recognized in equity, including surplus in profit and loss account on measurement of the
asset or the liability at fair value) and securities premium account or 100% of Lenders's free reserves and
securities premium account.
e. The Prior approval of the Shareholders by way of Special Resolution is not necessary as the transaction
under this document does not exceed 60% of Lenders's paid-up share capital, free reserves and
securities premium account or 100% of Lenders's free reserves and securities premium account. Or The
prior approval of the shareholders by way of special resolution has been obtained as the transaction
amount exceeds 60% of Lenders paid-up share capital, free reserves and securities premium account or
100% of Lenders's free reserves and securities premium account.
f. The Principal Business of Lenders is not acquisition of securities.
g. No Borrower is a director in Lenders, and no partner or member or trustee of Lenders holds substantial
interest in the Borrower. No Relative (as specified by RBI) of a Chairman/Managing Director or Director of
Lenders or a relative of senior officer (as specified by RBI) of Lenders holds substantial interest or is
interested as a guarantor of the Borrower.
9. Insurances
a. All insurances which are required to be maintained or effected by the Borrower are in full force and effect
and no event or circumstance has occurred, nor has there been any omission to disclose a fact, which
would in either case entitle any insurer to avoid or otherwise reduce its liability under any policy relating to
the insurances.
b. The pre-EMI interest (including the post disbursal until loan start period), insurance premium,
documentation charges (if any) transaction/processing charges, and/or any other charges under or in
connection with the Loan will be deducted from the loan and only the net amount of the loan after
deduction of such fees/premium and/or charges shall be disbursed to the Borrower Designated Account
as mentioned in Annexure - I.

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10. Ranking
a. The Borrower's payment obligations under this Agreement are at least pari passu with the claims of all its
other unsecured creditors (both present and future), except for obligations mandatorily preferred by
Applicable Law.
9. COVENANTS
The undertakings and covenants in this Clause 9, (as applicable) remain in force from the date of this Agreement
for so long as any amount remains outstanding under this Agreement.
1. Positive Covenants
The Borrower covenants and undertakes that, during the entire term of the Agreement:
a. End Use
The Borrower shall utilize the Facility Amount only for the End Use as covenanted herein and for no other
purpose whatsoever.
b. Payment Obligations
i. The Borrower shall ensure payment of the Loans and Interest and all monies owing to Lenders
under this Agreement, according to the terms hereof. The Borrower shall be liable to repay the
entire loan amount along with applicable interest, additional interest, late payment fees, overdue
charges, penalties etc., irrespective of the fact whether the purpose for which the loan facility so
availed by the Borrower is/are being successful or unsuccessful.
ii. The Borrower covenants and agrees to pay such number of EMI's in advance to Lenders and as and
when demanded by Lenders mentioned in Schedule II herein; and
c. Information Covenants
The Borrower shall promptly inform Lenders of:
i. Any litigation, arbitration or other proceedings which may affect the Borrower, forthwith upon the
same being instituted or threatened by any person whatsoever including if making a claim for money
against the Borrower, or enforcing against the Borrower any guarantee or indemnity given by the
Borrower;
ii. Occurrence of any Event of Default or of the occurrence of an event which, with the passage of
time or the giving of notice would become an Event of Default, and also, where applicable, of the
steps being taken to remedy the same, and will, from time to time, if so requested by Lenders,
confirm to Lenders in writing that save as otherwise stated in such information, no default has
occurred and/or is continuing;
iii. Any change in particulars of the Borrower, inter alia, change in office addresses, email address and
telephone number;
iv. Any distress or other process of court being taken against the Borrower's premises and/or property
and/or assets; and
d. Taxes
The Borrower shall bear and pay the interest tax, service tax, all other imposts, duties (including any
stamp duty and relevant registration and fling charges payable, if applicable) and taxes (of any
description whatsoever) as may be levied from time to time by any governmental authority in accordance
with the Applicable Law or other authority in respect of or in connection with the Loan. The Borrower shall
also pay all costs, charges, fees, expenses in any way incurred by Lenders, and such stamp duty, other
duties, taxes, charges and penalties if and when the Borrower is required to pay according to the
Applicable Laws. In the event of the Borrower failing to pay the monies referred to above, the same shall
constitute an Event of Default.
e. Access to Borrower Information

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a. The Borrower has also given to the Lenders the unconditional and irrevocable consent to access the
Borrower's credit information and such other information, financial or otherwise, as required from
time to time;
b. The Borrower shall provide all necessary co-operation and assistance to the Lenders, as may be
requested from time to time, for retrieving any information that the Lender may require from any
governmental authority or otherwise;
c. The Borrower hereby agrees, confirms and undertakes that:
i. The Lenders shall, as deemed appropriate and necessary, be entitled to disclose all or any: (A)
information and data relating to the Borrower; (B) information or data relating to the Loan or
any other credit facility(ies) availed / to be availed by the Borrower; (C) obligations assumed / to
be assumed by the Lenders in relation to the Loan; (D) default, if any, committed by the
Borrower in discharge of the aforesaid obligations, to any agency/credit bureau (the "Agency")
authorised in this behalf by RBI;
ii. The Agency so authorised may use, process the aforesaid information and data disclosed by
the Lenders in the manner as deemed fit by it; and
iii. The Agency so authorised may furnish for consideration, the processed information and data
or products thereof prepared by it, to banks / financial institutions and other credit grantors or
registered users, as may be specified by RBI in this behalf.
2. Financial Covenants
The Borrower shall not assign or transfer all or any of their rights, benefits or obligations and these Terms and
Conditions and/or in connection with the Loan without the prior written approval of Lenders.
3. Negative Covenants
The Borrower covenants and undertakes that, during the entire term of the Agreement, the Borrower shall not
without the prior consent of Lenders:
a. Do or omit to Do or omit to do and not permit any act, matter or thing which would cause any of the
representations and warranties, under this Agreement, if repeated immediately prior to any disbursement
of any of the Loan, to be untrue, inaccurate, incapable of being performed or misleading and immediately
notify Lenders in writing of any such fact or circumstance which might cause any of the representations
and warranties set forth in Clauses 8 (Representations and Warranties) and 9 (Covenants) to be untrue
or misleading, incapable of being performed or of any material adverse effect which may occur in relation
to the Borrower.
10. BORROWER'S UNDERTAKINGS
The Borrower hereby agrees that the sanction terms and conditions shall be treated as part and parcel of this
Agreement. In consideration of the Lenders agreeing to grant / disburse the Loan Amount agrees and
undertakes that:
1. The Borrower hereby agrees to provide such documents as may be requested by the Lenders from time to
time;
2. The Borrower hereby agrees to keep each of the Lenders fully indemnified against all damage, loss, costs and
expenses arising out of breach of terms and conditions which is solely attributable to the Borrower;
3. The borrower shall pay on demand and indemnify Lenders and Lenders against, any cost, loss or liability that
the Lenders and Lenders in relation to all stamp duty, registration and other similar taxes and levies payable in
respect of this Agreement and any other agreement required to be executed pursuant to this Agreement;
4. The Borrower shall observe and perform the terms and conditions of this Agreement, and further agrees to
pay on demand (and without any demur or protest) the Outstanding Amounts or any monies due or which
become due and payable under this Agreement, either by way of outstanding instalments or damages, costs,
fees or other amounts payable to the Lenders under this Agreement; and
5. Subject to applicable law, a notice of demand by Lenders (on behalf of the Lenders) to / against the Borrower

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shall be the final and conclusive evidence that the Borrower has committed an Event of Default and that the
monies and the amounts claimed thereunder are due and payable by the Borrower to the Lenders.
11. EVENTS OF DEFAULT
1. The occurrence of any of the following events, or events similar thereto, shall each constitute an event of
default ("Events of Default"):
a. Non-Payment
The Borrower does not pay any amount payable pursuant this Agreement in accordance with the terms
of this Agreement on the Due Date of such amount and non-payment of costs, charges, expenses
incurred by Lenders on behalf of the Borrower such as stamp duties, penalties etc.
b. General Default
The breach of, or omission to observe, or default by the Borrower in observing any of his/her/its
obligations, covenants, warranties, undertakings under this Agreement.
c. Misrepresentation
Any representation or statement made or deemed to be made by the Borrower in this Agreement or any
other document delivered by or on behalf of the Borrower under or in connection with the Agreement
being or being proven to have been incorrect or misleading when made or deemed to be made.
d. Cross Default
Any default by the Borrower, under any other agreement or other writing between the Borrower and
Lenders, or writing of indebtedness of the Borrower, or in the performance of any covenant, term or
undertaking thereunder, or any indebtedness of the Borrower not being paid when due or any creditor of
the Borrower becoming entitled to declare any indebtedness due and payable prior to the date on which it
would otherwise have become due or any guarantee or indemnity or collateral given or other support
agreement entered into by the Borrower not being honored when due and called upon.
e. Inability to pay debts
The Borrower is unable generally to pay his/her/its debts as they fall due and/or commences negotiations
with any one or more of his/her/its creditors with a view to the general readjustment or rescheduling, in
the light of financial difficulties or in contemplation of any default, Event of Default or potential Event of
Default under any agreement relating to the same (howsoever described), of any indebtedness, and/or
makes a general assignment for the benefit of or a composition with its creditors and/or admits or is
ordered to pay any liability and such liability is not paid when due (provided that for the avoidance of
doubt any reference in this sub-clause to any indebtedness shall not include any indebtedness which is
being bona fide disputed and in respect of which no court order has been made against the Borrower to
pay such indebtedness).
f. Non-payment of decretal amount
The Borrower fails to pay any amount under any Court order or decree or judgment against the
Borrower.
g. Levy of Execution or Distress
Any execution or distress is levied against or an encumbrancer or other officer takes possession of the
whole or any part of the property, undertaking or assets of the Borrower or any encumbrance over the
whole or any part of the property, undertaking or assets of the Borrower becomes enforceable.
h. Insolvency
The Borrower takes any action or any legal action or proceedings are started or other steps taken for the
Borrower to be adjudicated or found insolvent or bankrupt.
i. Compulsory Acquisition

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All or substantially all of the undertaking, assets or properties of the Borrower or its interests therein are
seized, nationalized, expropriated or compulsorily acquired by the authority of government.
j. Repudiation
The Borrower repudiates this Agreement or do or cause to be done any act or thing evidencing an
intention to repudiate this Agreement.
k. Material Adverse Effect
i. There occurs any event or situation, such as and including but not limited to such events or
situations having or likely to have any material adverse effect, as determined by Lenders, which in
the opinion of Lenders is prejudicial to the interests of Lenders or in the opinion of Lenders is likely
to affect the financial condition of the Borrower and/or its ability to perform all or any of its
obligations under this Agreement and/or otherwise in respect of any portion of the Facility and to
comply with any of the terms of this Agreement and/or for the Loan Amount; or
ii. The Borrower is or becomes a party to any litigation, arbitration, administrative or other action,
investigation by any governmental entity, claim, suit or proceedings which would have a material
adverse effect on the terms of this Agreement.
l. Further Events of Default
i. The Borrower misusing the Loan Amount or any part thereof, or using the Loan Amount or any part
thereof for any purpose other than for which the Loan Amount has been sanctioned by Lenders.
ii. If there are any changes in the proposal or End Use for which a Facility is sanctioned.
iii. If any fact concerning the Borrower's profit or ability to repay or any other relevant aspect of its
loan application is withheld, suppressed or cancelled or not made known to Lenders.
iv. If any fact concerning the Borrower's profit or ability to repay or any other relevant aspect of its
loan application is withheld, suppressed or cancelled or not made known to Lenders.
v. Whenever there is a determination of the likelihood of the due money not being paid by Lenders.
2. Acceleration
On and at any time after the occurrence of an Event of Default which is continuing, Lenders may:
a. Recall the Loan Amount along with interest, additional interest, charges, penalties and overdue charges etc.,
whereupon the same shall immediately become repayable and consequently cancel any further Facility to the
Borrowers;
b. Declare that the Loan, together with accrued Interest, Additional Interest and all other amounts accrued or
outstanding under this Agreement be immediately due and payable, whereupon they shall become
immediately due and payable;
c. Debit the relevant Designated Account (s) for repayment of all relevant Outstanding Amounts;
d. Encash the Undated Cheque or the Post Dated Cheques /NACH/e-NACH / DDM / SI (as applicable) in order to
recover any or all of the Outstanding Amounts;
e. Stipulate any additional conditions, including inter alia, revision in Interest Rate, stipulation of additional
security, collaterals or infusion of additional equity / funds; and
f. Exercise such other rights as may be available to Lenders under all Applicable Law.
3. Restriction on Re-drawal
No Loan Amount recalled under this Agreement shall be subsequently reinstated and the Borrower shall not be
allowed to re-draw the recalled Loan Amount.
12. RELIANCE
1. Lenders may:
a. rely on any notice or document believed by it to be genuine and correct and to have been signed by, or with
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the authority of, the proper Person;

2. Duties and Powers
1. Lenders shall have the powers;
a. to enforce the rights pursuant to the Agreement and to perform all such acts, deeds and things which
Lenders may from time to time deem necessary or appropriate for or incidental to such enforcement of
the rights, all in accordance with the terms and conditions of this Agreement; and
b. to give instructions to the relevant bank in respect of the Designated Account in accordance with the
provisions of this Agreement.
3. Lenders shall not be deemed to have actual, constructive, direct or indirect knowledge or notice of the
occurrence of an Event of Default, unless and until a responsible officer of Lenders has received a written
notice or a certificate from the Borrower, stating that an Event of Default has occurred under the Agreement.
4. Nothing contained in this Agreement shall exempt Lenders from or indemnify it against any liability for breach
of trust or any liability which by virtue of any rule or Applicable Law would otherwise attach to it in respect of
any fraud, gross negligence, willful default, misconduct or breach of trust which it may be guilty of in relation
to its duties hereunder.
13. TERM OF AGREEMENT
This Agreement shall be valid and subsisting from the date hereof until the repayment of the entire Loan Amount
disbursed by Lenders in favour of the Borrower along with all Interest as well as Additional Interest (if any), dues
and Taxes (as applicable) to the satisfaction of Lenders.
14. Costs and expenses
1. Transaction expenses
The Borrower shall, immediately on demand, pay to Lenders, the amount of all out-of-pocket costs and
expenses as set out in SCHEDULE II (Costs) incurred by them in connection with the negotiation, preparation,
printing, couriering, signing, execution, delivery, administration and syndication of:
a. this Agreement and any other documents referred to in this Agreement; and
b. any other document executed after the date of this Agreement.
2. Deductions from Loans
The Borrower agrees that any and all fees and expenses then due from the Borrower pursuant to this Clause
15 (Costs and Expenses) and unpaid on the date of the Drawdown Notice may be deducted from the amount
of each Loan disbursed. It is clarified that notwithstanding such deduction, the Borrower shall be deemed to
have received an amount equal to each Loan.
3. Amendment and Enforcement Costs
If the Borrower requests an amendment, modification, waiver or consent in respect of this Agreement, the
Borrower shall, immediately on demand, reimburse to Lenders for the amount of all costs and expenses
(including legal fees) incurred by them in responding to, evaluating, negotiating or complying with that request
or requirement and / or with the enforcement of, or the preservation of any rights under this Agreement on
actual basis. notwithstanding the completion of the transactions contemplated herein.
15. DISCLOSURES
The Lenders shall, as deemed appropriate and necessary, be entitled to disclose all or any: (A) information and
data relating to the Borrower; (B) information or data relating to the Loan or any other credit facility(ies) availed /
to be availed by the Borrower; (C) obligations assumed / to be assumed by the Lenders in relation to the Loan;
(D) default, if any, committed by the Borrower in discharge of the aforesaid obligations, to any agency/credit
bureau (the "Agency") authorised in this behalf by RBI, as per applicable laws and regulations. The Borrower
further confirms and gives specific consent to the Lender(s) for disclosing/submitting the 'financial information'
as defined in Section 3 (13) of the Insolvency and Bankruptcy Code, 2016 ('Code' for brief ) read with the

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relevant Regulations/ Rules framed under the Code, as amended and in force from time to time and as specified
thereunder from time to time, in respect of the loan facilities availed from the Lender(s), from time to time, to
any 'Information Utility' ( 'IU' for brief ) as defined in Section 3 (21) of the Code, in accordance with the relevant
regulations framed under the Code, and directions issued by Reserve Bank of India from time to time and
hereby specifically confirm to promptly authenticate the financial information submitted by the Lender(s), as and
when requested by the concerned 'IU'.
16. CONFIDENTIALITY
The Borrower undertakes that he/she/it shall, at all times, during the continuance of this Agreement, ensure that
all the terms and conditions of this Agreement and all information relating to the Facility shall be kept confidential
("Confidential Information") and they shall not disclose any information relating to this Agreement to any third
party, without the prior written consent of Lenders. Confidential Information does not include information which
(i) is known to him/her/it at the time of disclosure as evidenced by their written records; or (ii) has become
publicly known and made generally available through no wrongful act of theirs; or (iii) they lawfully receive from a
third party without restriction on disclosure, provided such disclosure is without breach of a non-disclosure
obligation; or (iv) has been independently developed by him/her/it without access to Lenders's Confidential
Information.
17. NOTICES
1. Communications in writing
Any communication to be made under or in connection with this Agreement shall be made in writing and,
unless otherwise stated, may be made by electronic mail or letter sent through Registered Post
Acknowledgment Due (RPAD)to the address and e-mail (and the department or officer, if any, for whose
attention the communication is to be made) of each Party for any communication or document to be made or
delivered under or in connection with this Agreement is set out in Schedule I (Details of the Parties) any
substitute address, email or department or officer as the Party may notify to Lenders (or Lenders may notify
to the other Parties, if a change is made by Lenders) by not less than 5 (five) Business Days' notice.
18. GOVERNING LAW
This Agreement shall be governed by and construed in accordance with the laws of the Republic of India.
19. DISPUTE RESOLUTION
1. Dispute resolution process
Any dispute or non-contractual obligation arising out of or in connection with any of them ("Disputes")
between the Parties arising out of or in connection with this Agreement or its performance (including the
validity of this Agreement) shall be settled in accordance with this Clause 18 (Dispute Resolution).
2. Notice for initiation of arbitration
If the Parties have failed to reach an amicable settlement within 15 (fifteen) Business Days, such Dispute shall,
at the written request of any of the parties (the "Arbitration Notice"), be settled by binding arbitration.
3. Rules, Seat and Language
Such arbitration shall be carried out under and in terms of the Indian Arbitration and Conciliation Act, 1996 and
any statutory amendments thereof. The seat of the arbitration shall be Bangalore. All proceedings of such
arbitration shall be in the English language and the arbitrators shall be fluent in the English language. The law
governing the agreement to arbitrate contained in this Clause 18 (Dispute Resolution) shall be the laws of the
Republic of India.
4. Sole Arbitrator
The arbitrator shall be appointed by Lenders.
5. Arbitration Award
a. The arbitration award rendered shall be final and binding on the Parties.
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b. The arbitrator shall use his best efforts to produce a final and binding award or awards within 3 (three)
Months of his appointment. The Parties shall use their best efforts to assist the arbitrator to achieve this
objective, and the parties agree that this 3 (three) Month period shall only be extended in exceptional
circumstances, which shall be determined by the arbitrator in his absolute discretion.
20. ELECTRONIC FORM
1. Communication in Electronic Form
a. Each Party acknowledges and agrees that any request, notice, correspondence or any other writing
whatsoever ("Writing") required or contemplated under this Agreement may be executed and any
delivery, offer, acceptance or any other action whatsoever ("Action") in respect of this Agreement may be
undertaken in electronic form by way of a click wrap or any other electronic means of executing or
authenticating transactions ("Electronic Form") as may be enabled by Lenders. For avoidance of doubt, it
is clarified that communications in Electronic Form include any Writing or Action undertaken on any
technology platform, mobile application or website provided by Lenders.
b. Each Party agrees that the use of a key pad, mouse or other device to select an item, button, icon or
similar act/action, or to otherwise provide instructions on a mobile application or a website or in accessing
or making any transaction regarding this Agreement constitutes a signature, acceptance and agreement
as if actually signed in writing.
c. Each Party confirms that any Writing or Action made or undertaken by the Parties in Electronic Form shall
be valid, binding and legally enforceable against such Party and it shall not raise any objection or claim or
disclaim any liability under or in relation to the validity or enforceability of a Writing or Action solely on
account of it being in Electronic Form.
2. Adequacy of Data Protection
Each Party acknowledges the adequacy of the data protection measures adopted by Lenders and agrees that
it shall not raise any objection or claim or disclaim any liability under or in relation to the process, method,
storage, or means of authentication of a Writing or an Action.
21. SEVERABILITY
If any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction to
be invalid, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions of this
Agreement shall remain in full force and effect and shall in no way be affected, impaired or invalidated.
22. ENTIRE AGREEMENT
The Parties hereto confirm and acknowledge that this Agreement shall constitute the entire agreement between
them and shall supersede and override all previous communications, either oral or written, between the Parties
with respect to the subject matter of this Agreement, and no agreement or understanding varying or extending
the same shall be binding upon any Party hereto unless arising out of the specific provisions of this Agreement.
23. MODIFICATION
No amendment, modification or addition to this Agreement shall be binding on all the Parties hereto unless set
forth in writing and executed by them through their duly authorized representatives.
24. COUNTERPARTS
This Agreement may be executed in multiple counterparts one each to be retained by the respective Parties.
Each counterpart shall be treated as an original and shall be capable of being enforced without reliance on the
other counterparts as an original document.
25. NOVATION AND ASSIGNMENT
Subject to Applicable Law, each of the Lenders may, without the consent of or notice to the Borrower transfer,
novate, securitise, assign all or any of its rights and benefits hereunder or transfer or novate all or part of its
rights, benefits and obligations under this Agreement to any person. Without prejudice to the aforesaid
provision, any Lender may, without notice to the Borrower, share the credit risk of the whole or a part of its
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individual / whole commitment specified in Schedule I (Details of the Parties) of the principal agreement with any
person by way of participation, or otherwise.
26. DEFINITION AND INTERPRETATION
1. Definitions
In this Agreement, the capitalised terms listed below shall have the following meanings:
"Additional Interest" shall mean the rate of interest set out in Schedule II (Terms of the Facility).
"Acceptance" shall mean the acceptance of these Terms and Conditions by You. The terms "Accept" and
"Accepted" shall be construed accordingly.
"Advance Installment" shall have the meaning given to it under Clause 9.1 (b) (ii)
"Agency" shall have the meaning ascribed to the term in Clause 9.1 (l) (iv).
"Applicable Law" shall mean any local, state or union statute, law, regulation, ordinance, rule, judgment,
order, decree, clearance, approval, directive, guideline, policy, requirement, or other governmental restriction
or any similar form of decision, or determination by, or any interpretation or administration of any of the
foregoing by, any Government Authority whether in effect as of the date of this Agreement or thereafter and,
in each case, applicable in India. "Arbitration Notice" shall have the meaning given to that term in Clause
23.2 (Notice for Initiation of Arbitration).
"Authorisation" shall mean an authorisation, consent, clearance, approval, permission, resolution, licence,
exemption, filing and registration, from a governmental authority or a third party, as the case may be.
"Availability Period" shall have the meaning set out in Schedule II (Terms of the Facility).
"Borrower" shall have the meaning given to the term in Schedule I (Details of the Parties).
"Business Day" shall mean a day, which is not a public holiday under Section 25 of the Negotiable
Instruments Act, 1881, or a Sunday or when the clearing facility offered by the Reserve Bank of India is
unavailable, at any place in India.
"Lenders" shall mean CapFloat Financial Services Private Limited (operating under the brand name "Lenders"),
a company incorporated under the Companies Act, 1956, registered as a non-deposit taking, non banking
financial company with the Reserve Bank of India having its registered office at New No. 3 (Old No. 211)
Gokaldas Platinum, Upper Palace Orchards, Bellary Road, Sadashivanagar, Bangalore Karnataka 560080 India
and principal place of business at, No.136, Shyamala Towers, 6th Floor, East Wing, Arcot Road, Saligramam,
Chennai - 600093, Tamilnadu.
"Confidential Information" shall have the meaning given to that term in Clause 19 (Confidentiality).
"Costs" shall mean, the costs which includes Fees of any consultants, including any legal fees, Cheque / NACH
dishonor charges, Any costs incurred during enforcement.
"Credit Application" shall mean, as the context may permit or require, the application made by the Borrower
to Lenders for the Loan, and all acceptances, information, particulars and clarifications furnished by the
Borrower to Lenders, from time to time, in respect of the Loan.
"DDM/ e-DDM" shall mean Direct Debit Mandate / Electronic Direct Debit Mandate
"Default Interest" shall mean the rate of default interest specified in the Schedule payable in the manner set
out in the Schedule.
"Designated Account" shall have the meaning given to the term in Annexure - I.
"Disbursement Date" shall have the meaning given to the term in Clause 2.2(b) (Mechanics of Funding
Drawdown).
"Disputes" shall have the meaning given to the term in Clause 23.1 (Dispute Resolution Process).

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"Drawdown Notice" shall have the meaning given to the term in Clause 2.2(a) (Mechanics of Funding
Drawdown).
"Due Date" shall mean in respect of:
a. Additional Interest, the date specified by Lenders;
b. Interest, if any, the Interest Payment Date;
c. Repayment Installment, the Repayment Date;
d. Processing Fees, the date specified by Lenders; and
e. any other payment under this Agreement, the date specified by Lenders.
"End Use" shall have the meaning set out in Schedule II (Terms of the Facility).
"Events of Default" shall have the meaning given to the term in Clause 10.1 (Events of Default).
"Extended Period" shall mean a period of 7 (seven) days from the Due Date for the repayment of the
Invoice Discounting Facility.
"Government Authority" shall mean any government or any governmental agency, statutory, quasi
governmental or semi-governmental or judicial or quasi-judicial or administrative or regulatory or supervisory
entity or authority, court or tribunal (including the Reserve Bank of India, any stock exchange or any self-
regulatory organisation established under any Applicable Law).
"Interest" shall mean the rate of interest set out in Schedule II (Terms of the Facility) as applicable.
"Interest Payment Date" shall mean the dates as specified in Schedule II (Terms of the Facility), as
applicable.
"Lenders shall have the meaning given to the term in Schedule I (Details of the Parties).
"Loan shall have the meaning given to the term in Clause 2.1 (Availability Period).
"Month shall mean and refer to each of the 12 (twelve) named periods into which a calendar year is divided.
"NACH / e-NACH shall mean National Automated Clearing House / electronic National Automated Clearing
House
"Outstanding Amounts shall mean, with respect to each Facility, an amount equal to the sum of the amount
corresponding to the Repayment Installment, Interest, Additional Interest or any other amount due and
payable on a given date.
"Party shall mean a party to this Agreement. The term "Parties" shall be construed accordingly.
"Person shall mean an individual, statutory corporation, body corporate, partnership, joint venture,
association of persons, Hindu undivided family (HUF), societies (including co-operative societies), trust,
unincorporated organisation, government (central, state or otherwise), sovereign state, or any agency,
department, authority or political subdivision thereof, international organisation, agency or authority (in each
case, whether or not having separate legal personality) and shall include their respective successors and
assigns and in case of an individual shall include his legal representatives, administrators, executors and heirs
and in case of a trust shall include the trustee or the trustees for the time being.
"Post Dated Cheques" shall have the meaning given to the term in Schedule II (Terms of the Facility).
"Prepayment Charges" shall have the meaning given to that term in Schedule II (Terms of the Facility).
"Processing Fee" shall have the meaning given to that term in Schedule II (Terms of the Facility).
"Purpose" shall mean the purpose of utilization of the amount of the Loan.
"Rate of Interest" shall mean the interest rate specified in the Schedule payable in the manner set out in the
Schedule.
"RBI" means Reserve Bank of India.
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"Receivables" shall mean any monies, dues and payable to the Borrower.
"Repayment Date" shall, for any Facility, mean each date on which a Repayment Installment shall be paid in
accordance with the Repayment Schedule.
"Repayment Installment" shall mean the repayment of the principal amount of each Loan of a Facility, as
specified in the Repayment Schedule.
"Repayment Schedule" shall mean for each Facility, the repayment schedule as specified in Schedule II
(Terms of the Facility) hereto as may be amended in accordance with this Agreement.
"Repetition Date" means the date of each Drawdown Notice, each Disbursement Date, each Due Date, each
date under which any monies are paid to Lenders and the Final Repayment Date.
"Schedule" shall mean the schedule annexed to these Terms and Conditions stipulating the terms of the
Loan.
"SI" shall mean Standing Instructions provided to the Borrower's Bank by the Borrower.
"Tax" shall mean any direct or indirect tax, levy, impost, duty or other charge or withholding of a similar
nature (including any penalty or interest payable in connection with any failure to pay or any delay in paying
any of the same).
"Undated Cheques" shall have the meaning given to the term in Schedule II (Terms of the Facility).
"Validity Period" shall mean the period for which the sanction of the Loan shall be valid within which the
amount of the Loan can be utilized by the Borrower, which shall be 3 (three) months from the date of
Acceptance.
"Website" shall mean Schedule II (Terms of the Facility).
2. Interpretation
1. Unless a contrary indication appears, in this Agreement:
a. A reference to these Terms and Conditions shall include a reference to the Schedule;
b. A reference to a "party" shall be construed so as to include its respective successors and permitted
assigns;
c. A reference to any agreement / document / undertaking / deed / indenture / writing or instrument is a
reference to that agreement or instrument as amended, supplemented or assigned from time to time;
d. Unless otherwise specified, any reference to a Section, sub-Section or the Schedule shall denote a
reference to such Section, sub-Section or the Schedule as specified, of these Terms and Conditions;
e. The index to and the headings in these Terms and Conditions are inserted for convenience of reference
only and are to be ignored in construing and interpreting these Terms and Conditions;
f. The term 'in writing' shall be interpreted to included any communication made by the Borrower in
Electronic Form;
g. All capitalised terms used but not specifically defined herein shall have the respective meanings ascribed
to them under the Schedule; and
h. All capitalised terms used but not specifically defined in the Schedule shall have the respective meanings
ascribed to them in these Terms and Conditions;
i. A reference to a "person" includes any person, firm, company, corporation, government, state or
agency of a state or any association, trust or partnership (whether or not having separate legal
personality) or two or more of the foregoing;
j. A reference to a provision of law is a reference to that provision as amended or re-enacted;
k. Time is of the essence in the performance of the Parties' respective obligations. If any time period
specified herein is extended, such extended time shall also be of the essence;

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l. A reference to the singular includes the plural and vice versa;

m. In the event of any disagreement or dispute between the Borrower and Lenders regarding the
materiality or reasonableness of any matter including of any event, occurrence, circumstance, change,
fact, information, document, authorisation, proceeding, act, omission, claims, breach, default or
otherwise, the opinion of Lenders as to the materiality or reasonableness of any of the foregoing shall
be final and binding on the Borrower; and
n. For determining the expiry of Business Days in connection with any notice requirements under this
Agreement, the following method shall be adopted:
A. If the notice is delivered after 9:00 am on any Business Day, one Business Day shall be deemed to
expire at 6:00 pm on the immediately succeeding Business Day; and
B. If the notice is delivered before 9:00 am on any day, one Business Day shall be deemed to expire
at:
i. 6:00 pm on the same day if such day on which the notice is delivered is a Business Day, or
ii. 6:00 pm on the immediately succeeding Business Day if such day on which the notice is
delivered is not a Business Day.
2. Section and Schedule headings are for ease of reference only.
3. Where a Party is required by any provision of this Agreement to give notice or take any action within a period
specified by a number of days, such period shall be calculated not counting the first day of such period but
counting the last day, and such last day shall end at 12.00 midnight India time.
Customer Service
For any queries/grievances please contact us at : [email protected] or call us at 080 6807 5001.
Grievance Redressal Policy
Capfloat Financial Service Private Limited:
To refer our policy on Grievance Redressal Mechanism, please click https://axio.co.in/wp-
content/uploads/2022/11/Grievance-Redressal-Policy-Website-V.1.8.pdf
Vivriti Capital Private Limited:
To refer our policy on Grievance Redressal Mechanism, please
click https://www.vivriticapital.com/Greivance_Redressal_Mechanism.pdf
Interest Rate Module Policy
Capfloat Financial Service Private Limited:
To refer our policy on Interest Rate Model, please click https://axio.co.in/wp-content/uploads/2022/07/Lenders-_-
Interest-Rate-Model-Policy.pdf
Vivriti Capital Private Limited:

To refer our policy on Interest Rate Model, please
click https://www.vivriticapital.com/pdf/policies/Interest%20Rate%20Disclosure%20Policy.pdf

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Drawdown Notice
To,
CapFloat Financial Services Private Limited
(Operating under the brand name axio),
No .136, Shyama la Towers, 6th Floor, East Wing,
Arcot Road, Saligramam, Chennai - 600093, Tamilnadu;
and registered office at, New No. 3 (Old No. 211) Gokaldas Platinum,
Upper Palace Orchards, Bellary Road, Sadashivnagar,
Bangalore Karnataka - 560080 India
Vivriti Capital Private Limited
Prestige Zackria Metropolitan No.200/1-8,
2nd Floor, Block 1, Anna Salai,
Chennai-600002
Subject: Request for drawdown of the Loan as part of the Facility sanctioned vide the Personal Loan agreement
dated 11-03-2023
Pursuant to Clause 2.2(a) of the Loan Agreement, for the Facility opted as per schedule II, Serial No.1, we hereby
give a notice to Lenders to transfer ("Disburse") ₹80000.0 (Rupees. eighty thousand) ("Loan") out of the available
sanction limit and deduct fees, interest, charges as applicable and agreed in Schedule II of the Loan Agreement and
remit the balance to the below mentioned Account .
Beneficiary Name SUDARSHAN KISHORCHAN

Beneficiary Account Number 649301518190
Bank Name ICICI Bank
IFSC Code ICIC0006493
We hereby confirm:
I. That we have and will continue to perform our obligations as per the terms and conditions of the Loan
Agreement; and
II. That the representations and warranties contained in the Loan Agreement are true and correct as on the date
hereof as if the same were made with respect to the facts existing in such date; and
III. That no Event of Default has occurred or is continuing; and
IV. That no event has occurred which would have a material adverse effect.
V. All terms and conditions contained under the Master Loan Agreement shall continue to be applicable to the
Loan disbursed vide this letter or Mobile application
VI. The capitalized but not defined herein shall have the same meaning as ascribed to such terms in the Master
Loan Agreement.
Important Links:
For details on axio's Grievance Redressal Mechanism please read through the policy: https://axio.co.in/wp-
content/uploads/2022/11/Grievance-Redressal-Policy-Website-V.1.8.pdf

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To know more about the Interest Rate Policy, please use the link: https://axio.co.in/wp-
content/uploads/2022/07/axio-_-Interest-Rate-Model-Policy.pdf
To know more about the Interest Rate Policy, please use the link:
https://www.vivriticapital.com/pdf/policies/Interest%20Rate%20Disclosure%20Policy.pdf
Link to our Schedule of charges: https://axio.co.in/wp-content/uploads/2022/08/Schedule-of-Charges.pdf
Link to Privacy Policy: https://axio.co.in/privacy-policy
Link to Terms and Conditions : https://axio.co.in/terms-conditions
Link to FAQ: https://axio.co.in/faq/#nav-personal-loans
[Schedules follow]

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SCHEDULE I
DETAILS OF THE PARTIES
Effective
Date
Place of
Chennai, Tamilnadu
Execution
Stamp Duty CapFloat Financial Services Private Limited (operating Acknowledgement /
Paid By under the brand name "axio") ID number
Parties to the Agreement
Registration
Serial Type of Residing at /Registered Office / Principal Place of
Lenders if non Commitment
No. Person Business
individual
CapFloat Financial No.136, Shyamala Towers, 6th Floor, East Wing,
Services Private Registered Arcot Road, Saligramam, Chennai - 600093,
Private 20 % of the
Limited under the Tamilnadu; and registered office at, New No. 3
1 Limited Facility
(operating under Companies (Old No. 211) Gokaldas Platinum,Upper Palace
Company Amount
the brand name Act, 1956 Orchards, Bellary Road, Sadashivnagar, Bangalore
"axio") Karnataka - 560080 India
Registered
Private 80% of the
Vivriti Capital under the Prestige Zackria Metropolitan No.200/1-8,
2 Limited Facility
Private Limited Companies 2ndFloor, Block1, AnnaSalai, Chennai - 600002
Company Amount
Act, 2013
AND
Date of
Serial Applicant Type of
Birth / Permanent Address Current Address Personal Details
No. Name Person
Gender
Aadhar
XXXXXXXX6038
ROW HOUSE NO 1 Number
ROW HOUSE NO 1
KALAKUNJ, NEAR PAN
KALAKUNJ, NEAR AWRPK0916E
GOPINATH NAGAR Number
SUDARSHAN 1981-12- GOPINATH NAGAR
1 Individual KOTHRUD PUNE
KISHORCHAN 30 / Male KOTHRUD PUNE Email
MAHARASHTRA
MAHARASHTRA Address
INDIA, 411038,
INDIA, 411038, Pune
Pune Phone
9082059414
Number

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SCHEDULE II
TERMS OF THE FACILITY
Serial
Description Term
No.
Facility Personal loan facility
1.
Facility Amount ₹80000.0/- (Rupees eighty thousand only )
Purpose of Loan / End
1A. Personal Use
Use
1B. Pre EMI As per disbursal date
2. Interest 19.08% per annum, Interest calculation method will be Reducing
Repayment installment
2A. As per repayment schedule shared at the time of disbursal.
Payment Date
3. Processing Fees 2.1% + GST @18%
4. Final Repayment Date As per the repayment schedule sent after disbursal of funds
5. Additional Interest 0.00 % per month
6. Undated Cheques NA
Prepayment Charges
7. Applicability of Clause 0% if loan closed before 180 days OR 0% if closed after 180 days
5.11 (Prepayment)
Partial prepayment is not allowed - Any partial prepayment that is made will only
8. Partial Prepayment be used to knock off EMIs in the future; It will not reduce the outstanding
balance on the date of this partial prepayment
A bounce penalty of ₹500 will be charged per EMI cycle in case of bounce of
9. EMI Bounce charges
auto-debit of EMIs.

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SCHEDULE III
REPAYMENT SCHEDULE
PART A - Repayment Mode
Through National Automated Clearing House (NACH) debit/direct debit/Standing Instruction of ₹2625.59 each.
PART B - Virtual Account Details

Registered repayment account details will be shared post disbursement with EMI schedule
Account details of designated / Virtual account

Account Holder Name SUDARSHAN KISHORCHAN
Bank Name RBL
Account Number VACAFLT348233657834
IFSC Code / MICR Code RATN0000156

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Stamp Duty ₹20 .

Please b e aware t h at t h is rec eip t t it led S t am p Du t y Paym en t Det ails is an

MENON AJITKUMAR GOPINATH Sudarshan Kishorchandra Kulkarni

Key fact statement/fact sheet

7 Tenure of the Loan (in months/days) 42 months

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32 26305.77 2207.33 418.26 2625.59

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1 Loan application date : 11-03-2023

5 Loan amount sanctioned : ₹80000.0

0% if loan closed before 180 days OR 0% if closed

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PERSONAL LOAN AGREEMENT

A. The Parties are desirous of entering into an arrangement whereby:

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3. Right to Refuse Disbursement

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the authority of, the proper Person;

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l. A reference to the singular includes the plural and vice versa;

Vivriti Capital Private Limited:

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Beneficiary Name SUDARSHAN KISHORCHAN

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Parties to the Agreement

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PART B - Virtual Account Details

Account details of designated / Virtual account

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