ACKNOWLEDGEMENT

Date:09/02/2016

We are thankful to the bank for providing clarifications sought by us

regarding this sanction. We are fully satisfied with and accept the

terms and conditions of sanction of the credit facilities stipulated above

by the bank as the same were arrived at by consensus after discussions

and receiving clarifications.

BORROWERS GUARANTORS

1. 1.

2. 2.

3. 3.

4. 4.

5. 5.

Signature of all BORROWERS signature of all GUARANTORS

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