(To be issued on letter head of the Borrower entity)

CERTIFIED TRUE COPY OF THE EXTRACT OF THE RESOLUTION PASSED BY THE BOARD OF DIRECTORS OF
_____________________________(“Company”) AT THEIR MEETING HELD ON ______________ AT _____________________

The Board was informed that at the request of the Company, Hero FinCorp Limited, a company incorporated under the provisions of
Companies Act, 1956, registered under the provisions of the Reserve Bank of India as a Non-Banking Financial Company and having its
registered office at 34, Community Centre, Basant Lok, Vasant Vihar, New Delhi -110057 (“HFCL”) has agreed to sanction
____________________________________ facility up to a maximum aggregate principal amount of Rs___________________________/-
Rupees __________________________________________________________________________________________________only) to the
Company on the terms, conditions and the securities as may be stipulated by HFCL.

After detailed discussion, the Board passed the following resolution:

1. “RESOLVED THAT, pursuant to the provisions of the Section 179 of the Companies Act, 2013 and other applicable provisions, if any,
the consent of the Board be and is hereby accorded for availing _____________________________________________ facility, not
exceeding Rs. _____________________________/- (Rupees
________________________________________________________________________________________________Only) in the
aggregate, inter alia, in form of ________________________________________________________ (hereinafter referred to as the
“Facility”) from Hero FinCorp Limited (“HFCL”) on the terms, conditions and such security(ies) as may be stipulated by HFCL from
time to time and to furnish/create such securities as may be required by HFCL for the purpose of securing the Facility.

2. RESOLVED FURTHER THAT any of the following persons, viz.

_________________________________________________________________ (Director), and/or
___________________________________________________________ of the Company be and are hereby authorized jointly to:

- Negotiate and accept terms of Facility with HFCL and also all renewals, extensions, variations, modifications or novations thereof;

- Sign/execute necessary documents including but not restricted to Facility Agreement, sanction letter, documents for hypothecation,
mortgage, pledge or such other documents for creation of security, power of attorney, demand promissory notes, letters of
continuity, cheques, documents for modification, extension, renewal and such other documents, as may be required from time to
time by HFCL;
- and do any such act(s), deed(s) and thing(s) as may be necessary and incidental for giving effect to this resolution.

3. RESOLVED FURTHER THAT the requisite e-form(s) be filed with the Registrar of Companies by any Director of the Company in
respect of the securities provided/to be provided to secure the Facility pursuant to the Facility Agreement thereof.

4. RESOLVED FURTHER THAT certified copy (ies) of the aforesaid resolution be furnished to HFCL and they be requested to rely and act
thereon.
1RESOLVED
5. FURTHER THAT wherever required the Common Seal of the Company be affixed in the presence of Mr.
________________________________________________ (Director) and / or Mr. ____________________________________
(Director) of the Company who do sign the documents as witnesses to the affixation of Common Seal in accordance with the
provision of the Articles of Association of the Company. For this purpose the Common Seal of the Company may be carried to any
location as may be required.

X__________________________________ X ____________________________________
(Signature of person(s) being authorized by the Resolution in terms of Para 6)

1
Applicable on case to case basis
For___________________________ For ______________________

____________________________________ ________________________________

(Director) (Director / Company Secretary)

Date: ___________________________

Place: __________________________

DIN:____________________________

Note:

• Board Resolution to be signed by at least two directors / company secretary

• Board Resolution should be Typed and printed on the letter head of the Company