g) take prior consent of lenders and debenture trustees (on behalf of the debenture holders) before undertaking
any changes in ownership of more than 5% of the Equity Shares of our Bank; and

h) take prior consent of lenders and debenture trustees (on behalf of the debenture holders) before the declaration
or payment of dividends.

6. Events of Default: Borrowing arrangements entered into by our Bank prescribe events of default, including among

others:

a) false or untrue statement or information including misrepresentation;

b) failure or inability to make any payment on due dates;

c) cessation or threat of cessation of business activities of our Bank;

d) utilization of a loan for purposes other than the sanctioned purpose;

e) winding up or dissolution of our Bank;

f) breach of financial covenants;

g) material adverse change in the business, operations, property, assets and liabilities;

h) cross defaults across other borrowings of our Bank;

i) breach or default in performance or observance in the agreement and/or instructions; and

j liquidation or dissolution of our Bank.

This is an indicative list and there may be additional terms that may amount to an event of default under the various
borrowing arrangements entered into by our Bank.

7. Consequences of occurrence of events of default: In terms of the facility agreements, debenture trust deeds and
sanction letters, the following, among others, are the consequences of occurrence of events of default, whereby the
lenders, debenture holders and debenture trustees, as applicable, may:

a)

b)

°)

Cc)

In case of default in making any repayment of loans or payment of interest, right to recall at once the entire
relative refinance and enforce the security;

In case of default in terms and conditions on which refinance is given, right to recall at once the entire
refinance or any portion thereof and enforce the security;

Right to collect from the borrowers of the lenders the amount of installments of principal / interest or other
monies in respect of the said loans and advances granted by the lenders to the said borrowers (refinanced
accounts); and

Any other right that the lenders may have.

This is an indicative list and there may be such other additional terms under the various borrowing arrangements entered into

by our Bank.

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