Draft of the Resolution to be passed by the Board of Directors / Managing

Committee / Board of Trustees of the Borrower for acceptance of the terms and
conditions of Credit Arrangement Letter and execution of documents

“ RESOLVED

1. That the Company / Society / Trust do create security in favour of ICICI Bank
Limited / Security Trustee on the following properties in favour of ICICI Bank /
Security Trustee or such other person appointed / nominated by them, in a form
and manner satisfactory to ICICI Bank Limited / Security Trustee:

Details of properties

as security for the following financial assistance (the “Facilities”) extended /

granted / agreed to be extended / granted to _________________ (the
“Borrower”) by ICICI Bank Limited:

Details of facilities

2. That the drafts of the Deed of Hypothecation, the Mortgage Deed and other
deeds, documents, undertakings and writings required to be executed by the
Company / Society / Trust in connection with the security for the Facilities (copies
whereof have been circulated to the Board / Committee placed on the table at the
meeting) be and is / are hereby approved and accepted.

3. That the ________, ______________, _______________ (the “authorised

Directors/ Members/Trustees / Officers”) be and are hereby severally authorised
to execute Deed of Hypothecation, Mortgage Deed, all agreements, deeds,
documents, undertakings, and other writings as may be necessary or required for
the purposes aforesaid, OR in the event ICICI Bank Limited / Security Trustee
requires Common Seal to be affixed on such documents, the Common Seal of
the Company / Society / Trust be affixed to the stamped engrossment(s) in
duplicate of the Deed of Hypothecation, Mortgage Deed and to all other deeds,
documents or writings as may be required by ICICI Bank / Security Trustee to be
executed under the Common Seal in the presence of any __________ of the
following Directors / Members / Trustees / Officers viz. Shri _______________
Shri ______________________ and Shri _________________ who shall sign
the same in token thereof and Shri _________________ Secretary / authorised
 person who shall sign / countersign the same in token thereof. The authorized
Directors / Members / Trustees are hereby authorized to accept and execute any
amendments or modifications to any agreements, deed, documents,
undertakings and other writings, as and when necessary.

4. That after execution of the aforesaid Mortgage Deed, the same be lodged for
registration with any registering authority competent in that behalf.

5. The Company do file the requisite particulars of charge with the Registrar of
Companies _________________

1. encumbency certificate to be attached with ctc of resoln

2. as applicable
3. as applicable
4. as applicable
5. as applicable
6. as applicable
7. in accordance with the articles of association of the company / bye laws of the
society
8. as applicable
9. delete if not applicable

immediately upon execution of the Deed of Hypothecation / Mortgage Deed

6. Copies of the aforesaid resolution certified to be true be furnished to ICICI Bank /

Security Trustee and they be requested to act thereon.

CERTIFIED TO BE TRUE

Chairman / Managing Director / Secretary / Trustee