If on the final settlement date, the aggregate proceeds received from sale of Pledged Shares is insufficient to meet the
Assured IRR and Facility outstanding amount, the Promoter shall, in addition to the amounts realized from the sale of
Pledged Shares, be liable to the Financier for such shortfall up to an amount not exceeding = 10 crores except for any
liability or claims on account of fraud, gross negligence, wilful misrepresentation or wilful misconduct or claims which
may not be excluded or limited under applicable laws. In relation to Equity Upside arrangement indicated above, post
listing, our Bank shall promptly initiate the process of obtaining approval from its Board and shareholders. In case the
Equity Upside arrangement is not approved by our Board as well as shareholders, Baskar Babu Ramachandran shall,
(within 21 calendar days of Placid’s notice, which shall be issued by Placid at its sole discretion but not earlier than 12
months from the date of listing of the Equity Shares on the Stock Exchanges), requiring him to prepay the Facility, be
obligated to prepay the Facility along with such rate of return of 30 % over the Facility and other amounts incurred and a
prepayment premium equal to 10 % of the outstanding amounts under the Facility.

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