CONFIDENTIAL

Ref: LTF/ ZUKSKSHI/24 10-05-2024

To,
AKASH .

SETTLEMENT OF DUES PERTAINING TO YOUR LOAN ACCOUNT NO: Agreement No - T12482031121114229

Note: - This letter in not valid if your vehicle was repossessed.
Dear Sir / Madam,

1. Further to the discussions we had with you and in pursuance to your request vide letter dated 10-May-2024 consider
settling the dues on account of your exceptional circumstances in respect of abovementioned Loan Account, L&T Finance
Ltd. (“L&T Finance”) has agreed to settle the dues for an amount of Rs. 3091/- Against the total outstanding of Rs. 12360/-
the said Settlement Amount shall be paid as below:
Amount Payable Date Mode of Payment Details of Cheque
Sr. No.
(In tranches) (dd/mm/yyyy) (Cash/Cheque/Online) (if any)
1. 3091 10-May-2024 CASH / ONLINE NA

2. This settlement is without prejudice to the rights of L&T Finance Ltd under loan agreement to take necessary steps against
you in accordance with law in the event of any breach committed by you.

3. In the event of your failure to pay the Settlement Amount within the timelines mentioned herein, this one-time settlement
offer will become null and void and waivers/concessions, if any, granted shall stand withdrawn with immediate effect and
you will be liable to pay the total outstanding as on date with interest as per the terms and conditions of the loan agreement
executed by you.

4. Please note that any legal action initiated against you will continue till the payment of the Total Settlement Amount as
mentioned in this letter. Further, this settlement is without prejudice to any criminal proceedings initiated against you
under any regulatory requirement or otherwise. It is further stipulated that any legal proceedings, claims and demands
initiated or complaints lodged by you or on your behalf against L&T finance Ltd and/ or its employees, officials and
representatives pertaining to this loan shall be withdrawn unconditionally with immediate effect by taking all the necessary
steps from the date of acceptance of this letter.

5. Further, in accordance with the RBI Framework for Compromise Settlements and Technical Write-offs issued on June 8,
2023 and the L&T Finance policies, you shall be subject to the cooling the period before any further loan/exposure is
granted by L&T Finance.

6. For your information and understanding, we wish to advise you that as per the current procedure of Credit Bureaus, if a
matter is closed by paying an amount which is less than the actual outstanding amount on a certain date, the Credit Bureau
records will reflect the status as “settled” and the Credit Bureaus do not delete the records in such cases. This is the
standard procedure. Accordingly, your records in Credit Bureaus also reflect as “settled” as per normal procedure (except
in written off cases where it shall reflect as “Write Off"). In case, you want to have clear credit record and 'NIL' outstanding
dues, the account needs to be paid in full, i.e., balance principal amount, if any, along with balance and accumulated
interest till date.

Please sign a copy of this letter and acknowledge receipt as token of your confirmation.

Yours Sincerely, Accepted

Mohd Shadab
For L&T Finance Limited Mr. / Ms. AKASH .