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DEMAND PROMISSORY NOTE

WE , _________________________________, a body corporate, incorporated under the provisions of Companies Act, 1956, having its office/registered office at ________________________________________, do hereby promise to pay on demand to M/s India Infoline Investment Services Limited or its order, a sum of Rs. __________________________(Rupees _____________________________________) along with interest thereon at the rate of _____ per cent per annum (on monthly/Quarterly compounding basis) on or before expiry of Master Financing Agreement from the date hereof in consideration of full value received.

_____________________ (On revenue stamp of Re. 1/-) Signed for and on the behalf of the Borrower

By its Director/Authorised Signatory

Name: Dated this . day of .. Year . at .

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