Resolution

RESOLVED THAT the Company is hereby authorized to borrow and avail of a Loan of INR 1,800,000 (Rupees One Million Eight Hundred Thousand Only) (“Loan”) from BMW India Financial Services Private Limited (“BMW Financial Services”) for the purpose of CAR LOAN

RESOLVED THAT all the terms and conditions as set out in the Retail Finance Agreement for sanction of the Loan (hereinafter collectively referred to as the “Retail Finance Agreement”), which shall govern and regulate the obligations of the Company, in the event BMW Financial Services at its sole and absolute discretion grants the Loan to the Company, based upon the application submitted /to be submitted by the Company, be and is hereby approved.

RESOLVED FURTHER THAT the Company do secure the due repayment of the Loan along with all interest, fees, costs, charges, expenses and all other monies payable in respect thereof, inter alia by such collateral as described in the schedule hereto. (if applicable)

RESOLVED FURTHER THAT the Company do issue post-dated cheques in favour of BMW Financial Services in connection with the Loan and do all such other acts, deeds and things and execute /furnish all such other security documents, deeds and writings as BMW Financial Services may require in connection with the Loan.

RESOLVED FURTHER THAT Mr./Ms. SUNIL GARG and Mr./Ms. HARIRAM GARG (the “authorized directors/ members”) be and are hereby authorised severally to convey to BMW Financial Services the acceptance on behalf of the Company of the said offer for the Loan and the Retail Finance Agreement and agree to such changes and modifications as may be suggested by BMW Financial Services from time to time and to execute such security documents and other writings as may be necessary or required for this purpose. The authorised directors/members be and are hereby severally authorised to execute all agreements, deeds,documents, undertakings and other writings as may be necessary or required for the purposes...