Date: 28th March 2023 SL/HFS-CH-02/SCHHFS0000283664

To,
M/s. Kins Hospital,
18/65-A5, B3, Kuzhithurai town,
Court Road, Marthandam,
Kanniyakumari - 629163

Kind Attention - Dr. Edwin Kins Raj

Subject: Equipment Loan of up-to INR 31,88,771/- (Rupees Thirty One Lakh Eighty Eight Thousand Seven hundred
and Seventy One Only)

Clix Capital Services Pvt Ltd and/or one or more of its affiliates (“Lender”) is pleased to Dr. Edwin Kins Raj
(“Borrower”) a credit facility of upto INR 31,88,771/- (Rupees Thirty One Lakh Eighty Eight Thousand Seven
hundred and Seventy One Only) (“Facility”) subject to the following terms and conditions

: M/s. Kins Hospital,

Borrower 18/65-A5, B3, Kuzhithurai town,
Court Road, Marthandam,
Kanniyakumari - 629163

Name: Clix Capital Services Pvt Ltd.(CCS) and/or one of more of its affiliates
Lender : Address: Plot No. 23, 5th Floor, Aggarwal corporate Tower, Govind Lal Sikka Marg,
Rajendra Place, New Delhi- 110008

: Maximum; - INR 31,88,771/- (Rupees Thirty One Lakh Eighty Eight Thousand Seven
Facility hundred and Seventy One Only)

Asset Loan Amount: - INR 30,76,360/- (Rupees Thirty Lakh Seventy Six Thousand Three
Hundred and Sixty Only)

Asset Insurance: - INR 9,075/- (INR Nine Thousand and Seventy Five Only)
Loan cover Insurance: INR 99,936/- (INR Ninety Nine Thousand Nine hundred and Thirty
Six Only)
Care Insurance: - INR 3,400/- (INR Three Thousand Four hundred Only)
Purpose : Purchase of equipment as mentioned in Annexure B (“Equipment”).
Equipment Cost : INR 30,76,360/- (Rupees Thirty Lakh Seventy Six Thousand Three Hundred and Sixty Only)
Security 1. First and exclusive charge on the equipment financed by the Lender.
2. Security over collateral given by the Borrower under or pursuant to any other facility
: granted by the Lender And/or its affiliates.
3. Unconditional and Irrevocable Personal/Corporate Guarantee Dr. Edwin Kins Raj and
Dr. Sowmi SK
4. Security Deposit of Rs. 6,41,421/- to be collected upfront
Margin Money : NIL
Drawdown : On or before 60 Days from date of Sanction letter
Tenure/Term : Up-to maximum of 5 years (60 Months)

Clix Internal Circulation Only

Interest Rate : ROI @ 13.50% p.a.(Equipment Loan)
(CRBR - Margin)
(Floating)
Interest Spread -550 basis point per annum
: (In case of any change in benchmark before the date of first drawdown, the same will get
offset in interest spread and overall rate will remain as 13.50%)
Clix Reference Clix Capital Services Pvt Ltd. Prime Lending Rate (PLR) which is 19.00% as on 31st Jan
Benchmark Rate : 2023
The Interest Rate shall be the difference between Reference Benchmark Rate (as
Pricing/ Interest : announced from time to time) and Interest Spread. The current Interest Rate on the Facility
Rate is 13.50% p.a. linked to current Clix Capital Services Pvt Ltd PLR of 19.00%.

For the avoidance of doubt, the Clix PLR will be the rate published by Clix on its website
from time to time, whether or not Lender has provided intimation of change.

The rate shall be reset at quarterly intervals from the date of first drawdown and every
quarter thereafter (“Rate Reset Date”).

The Lender shall have the option, in its sole discretion, to revise/reset Interest Spread
and/or Reference Benchmark Rate (currently Clix Capital Services Pvt Ltd Prime Lending
Rate) at any point of time during currency of the loan. Lender shall provide a notice prior
to change in the Interest spread or benchmark rate.
Repayment/EMI : Repayable in 60 ( Sixty Month) Monthly Installments from the date of drawdown
payable per
month EMI Amount with Insurance 1-60 Months: - INR 73,373/- (Seventy Three Thousand Three
Hundred and Seventy Three Only/-).

EMI Amount without Insurance 1-60 Months: - INR 70,787 /- (Seventy Thousand Seven
hundred and Seven Only/-)

Note: The above EMI amount is a Tentative Indication of the EMI and is subject to
change depending on the date of Availing of this facility, and final EMI would be
communicated to you via Repayment Schedule.

Processing fee : Processing Fee of 2%

Availability : The Facility shall be available for Drawdown within 6 months from the date of sanction
Period (“Availability Period”). However, during the Availability Period, the Lender may, in its sole
discretion, cancel the Facility, if any Events of Default or potential Event of Default has
occurred or if it becomes unlawful for the Lender to disburse or continue the Facility to the
Borrower.
Voluntary / : Voluntary Prepayment:
Mandatory The Borrower shall at any time during the Facility Term have the option to prepay the
Prepayment Facility, in full, together with all interest, prepayment premium and other charges and
monies due and payable to the Lender up to the date of such prepayment by giving a prior
written notice of fifteen (15) days. Such Voluntary Prepayment will attract a prepayment
charges of the outstanding amount under the Facility as given below:

*Prepayment Charges:
< 12 Month – Prepayment not allowed

Clix Internal Circulation Only

 =>12 Month & <24 months – 5% of Principal outstanding for loan amount + GST**
=>24 Months – up to 4% of Principal outstanding for loan amount + GST**
*Part-prepayment is not permitted. Borrower shall prepay the Loan in full.
**Above rate is applicable, if foreclosure done by own fund. In case other source of fund,
it will be 6% of Principal O/s + GST
Call/Put Option: Borrower shall have the option to ‘Put’ the Facility without any
prepayment penalty and Lender shall have the option to ‘Call’ the Facility at the end of
twelve (12) months from the date of the Drawdown and at the end of every twelve (12)
months thereafter during tenure of the Facility. Borrower and Lender shall give each other
prior written notice of fifteen (15) days of their intent to exercise the Put/Call Option.

Mandatory Prepayment means and includes:

When it becomes unlawful for the Lender to make, fund or allow continuance of the
Facility; then (a) the Lender shall be entitled to cancel the Facility; and (b) if the Lender so
requires, the Borrower shall on such date as the Lender shall specify repay all amounts
outstanding under the Facility (together with accrued interest) and/or pay to the Lender
such amounts equal to the contingent or future liabilities under the Facility. Mandatory
Prepayment and prepayment upon exercise of Call/Put Option shall not attract any
prepayment fees

Interest on : Default interest will accrue on overdue sums @ 3.0% (Three percent) per month,
delayed compounded monthly.
payments
Covenants : Customary to transaction of this nature.
Documentation : On acceptance of the terms of this Sanction Letter by the Borrower, the Borrower will be
required to execute all documentation in respect of the Facility to the satisfaction of the
Lender. Such documents will contain such conditions, representations and warranties,
affirmative and negative covenants, reporting covenants, indemnification provisions,
events of default and remedies as are customary for facilities of the type described in this
Sanction Letter (“Transaction Documents”).

Other conditions : • Lender shall retain the unconditional right to sell down a part or whole of the Facility,
at any time, during the Term of the Facility.
• The Borrower shall not assign its rights or obligations under the Facility.
• Disbursement of the Facility will be conditional upon:
• All documentation in form & substance, satisfactory to the Lender (the “Condition
Precedent Documents”) set out in Annexure ‘A’ hereto having been delivered to
the Lender
• The Borrower being in compliance with all the terms under the Transaction
Documents.
Provided however, that the Lender may, by sending a notice in writing, in its sole
discretion and upon the written request of the Borrower, defer the submission of any
of the Condition Precedent Documents.

Clix Internal Circulation Only

 • Any default under this Facility shall be a default under any other existing / future
facility extended by the Lender to the Borrower. Any default under any other loan
availed of or to be availed of by the Borrower shall be a default under any existing /
future facility extended by the Lender to the Borrower.
• Notwithstanding the issuance of this Sanction Letter and the acceptance thereof, the
Lender in its sole discretion may decide to not disburse the Facility, repudiate and
rescind this Sanction Letter unilaterally without assigning any reasons, including in
case of any adverse change in the financial, banking or capital markets.
• Lender shall have an unconditional right but not an obligation to set off against all
moneys due and payable by the Borrower to the Lender under any document against
any obligations owed by the Lender to the Borrower including those arising out of
excess cash received by the Lender from enforcement of any security offered in
relation to any facility availed by the Borrower from the Lender.
• Regardless of whether Borrower accepts the Sanction Letter, Lender retains the right
to withdraw this offer upon the occurrence of: (i) any material adverse change, or any
development reasonably likely to result in a material adverse change, in or affecting
Borrower’s general affairs, management, financial position, business plans or results
of operations; or (ii) prior to the date of disbursal, any disruption, adverse change or
condition in the financial, banking or capital markets generally, or in the market for
loan syndications or high yield debt in particular, which, in Lender’s reasonable
judgment, has materially impaired, or could materially impair Lender’s ability to
perform under any of the transaction documents; or materially adversely affect the
international or any relevant domestic loan, debt, bank, capital or equity market.
• The Borrower shall keep the Equipment under appropriate insurance coverage and
Comprehensive Maintenance Contract till the end of the Term of the Facility.
• NACH/Electronic Clearing Service mandate any other mode as mandated by RBI from
time to time, and as acceptable to the Lender, to be activated by the Borrower for the
benefit of the Lender for complete tenor of the Facility.
• Unless specifically agreed otherwise, all Drawdown under the Facility shall be directly
in favor of the manufacturer of the Equipment. In case of payment to dealer, necessary
due diligence to be completed prior to funding by the Lender. Equipment and
manufacturer and location to be acceptable to the Lender
All unsecured loans/promoter loans/NCDs will be subordinated to the Facility with no
repayments allowed on such loans till the full repayment of the Facility.
:
Validity The terms of this Sanction Letter are valid for acceptance on or 60 days unless extended
by the Lender in its absolute discretion.

Events of : Upon occurrence of an Event of Default, the Lender shall have the right to (a) recall the
Default entire outstanding Loan along with any interest (including default interest), fees, costs,
charges and all other sums whatsoever payable by the Borrower to the Lender
(“Outstanding Amount”) whereby the Outstanding Amount shall become immediately due
and payable by the Borrower.
Expenses Any expenses incurred in closing this transaction shall be borne by the Borrower, including
but not limited to the following:

Clix Internal Circulation Only

 a. All legal charges and fees of the legal counsel deemed necessary by Lender. All
legal fees shall be reimbursed to the Lender prior to the first Drawdown. In the
event that the Facility is not drawn down, for any reason whatsoever, the
Borrower shall immediately arrange to reimburse such fees to the Lender.
b. All other costs, stamp duties, and general costs associated with the preparation,
registration and settlement of documentation.
Taxes All applicable taxes on Fee, Interest and other charges due/payable per this Sanction Letter
shall be borne by the Borrower
Governing Law Indian
** The terms of this Sanction Letter supersedes and over-rides any and all of the terms and conditions of any sanction
letter previously issued by the Lender and has to be treated as the final sanction letter with final sanction terms.
** Insurance is a subject matter of solicitation. The Borrower agrees that the insurance is a third party product and
the Borrower shall be subject to insurance terms of the Insurance Company. Insurance premium as agreed by on
the Insurance enrollment form will be deducted upfront from disbursed loan amount/ Facility Amount.
**The lender shall be entitled to a percentage of facility amounts as Subvention from the Manufacturer/Supplier.

The terms in this Sanction Letter are intended to summarize certain basic terms of the proposed Transaction. It is not
intended to be a definitive list of all requirements of the Lender in connection with the Transaction.

This Sanction Letter is confidential and the property of the Lender and neither this document nor the contents hereof
shall be reproduced, communicated to in any form or used for the purpose of approaching other parties without
Lender’s prior written consent to persons other than those individuals or entities who are directors, officers,
employees or advisors of the proposed Borrower on a confidential and need-to-know basis and for the purposes of
their evaluation of the proposed financing or as may be compelled in a judicial or administrative proceeding or as
otherwise required by applicable law.

This Sanction Letter shall be governed by and construed in accordance with the laws of India and supersedes any
and all discussions, negotiations, understandings or agreements, written or oral, express or implied, between or
amount the parties hereto or any other person as to the subject matter hereof.

Please return a copy of this Sanction Letter duly signed by the authorized signatories of the Borrower
as acceptance of the above terms and conditions.

We look forward to working with you on this potential transaction.

Yours sincerely,
For Clix Capital Services Pvt Ltd

Acknowledged and Consented:

We accept the Facility on the terms and conditions set out above. We further confirm that we understand the terms
and conditions of the loan / lease sanction letter as laid out in English/the stated terms and conditions of the
sanction(s) have been explained to us in a language of our understanding/in vernacular language. We also confirm
that we are aware of the Pricing Policy of the Lender, as detailed on its website.

Clix Internal Circulation Only

We also authorize you to collect information about us, our Directors, the Promoters, our affiliates and any person
associated with us, as may be required for verification/evaluating the proposed Facility, including, gathering
information from credit information companies. We also authorize you to share information furnished by us with
credit bureaus or any statutory agency as you may deem fit. We further authorize the lender to use the information
furnished by us for offering other financial products offered by the Lender or its affiliates.

Authorized Signatory (/ies) of

M/s. Kins Hospital,

18/65-A5, B3, Kuzhithurai town,
Court Road, Marthandam,
Kanniyakumari - 629163

Annexure A

Condition Precedents and Condition Subsequent

Part A

The following documents shall be duly executed and/or submitted to the Lender in a form and substance satisfactory
to Lender before “ok to ship” or the first drawdown being given by the Lender under the Facility:

1. Duplicate copy of this Sanction Letter duly accepted by the Borrower.

2. Duly executed Transaction Documents including the equipment Loan and Hypothecation Agreement with
applicable schedules, and duly signed and accepted repayment schedule for the Facility.
3. Pay Proceed Letter giving details of disbursement.
4. Satisfactory compliance with Lender’s “Know Your Customer” and “Anti Money Laundering” requirements.
5. Original Final Tax Paid Invoice with CLIX Endorsement to be obtained pre-disbursal.
6. Margin Money receipt/ OCR, Bank statement clearance of Amount paid by customer for purchase of this
Machine.
7. Insurance on assets lien marked to CLIX capital services Pvt Ltd as 1st loss Payee
8. Unconditional and Irrevocable guarantee of Dr. EDWIN KINS RAJ and Mrs. SOWMI S K to the loan structure
9. Performa Invoice to be documented/ Tax Invoice if any to be documented with Hypothecation
10. Asset verification to be done and asset installation report to be documented as per policy
11. Ownership Proof to be documented
12. NACH to be obtained from borrowers State Bank of India - A/c no: 00000011231859242 for the entire tenor of
loan Documented.
13. Additional SPDCs from a/c of Dr. Sowmi SK

Part B

Clix Internal Circulation Only

In addition to the documents mentioned under Part A above, the following documents duly executed and/or
submitted to the Lender in a form and substance satisfactory to Lender before each Drawdown:

14. Such other documents that Lender may reasonably request.

The following documents, executed by its authorised signatories (“Conditions Subsequent Documents”), shall be
submitted by the Borrower to the Lender in form and substance satisfactory in all respects to the Lender, within the
timelines indicated below:

1. Such other documents that Lender may reasonably request.

Annexure B

Details of Equipment

S.
Equipment Name Make Model Dealer Unit Unit Price GST Total GST
No.
ARS
ALLIED MEDITEC 1700 MEDITEC
1 Allied MEDICAL 1 11,04,000 1,32,480 12,36,480
VENTILATOR WITH STAND 1700
SYSTEMS
ARS
ALLIED CARDIASAFE-II
2 Allied CARDIASAFE-II MEDICAL 1 2,99,000 35,880 3,34,880
DEFIBRILLATOR
SYSTEMS
ARS
Allied Jupiter 200
3 Allied Jupiter 200 MEDICAL 1 1,43,750 17,250 1,61,000
Anesthesia Machine
SYSTEMS
Moriah
VERSATOR MOTOR
4 NA NA Health 1 3,50,000 42,000 3,92,000
DRIVE UNIT (VDU)
Services
ALAN ADVANCE MODEL
JBS
5 DIATHERMY WITH VESSEL Alan Max MBXP 1 8,50,000 1,02,000 9,52,000
Meditech
SEALING & BI TURP
30,76,360

Asset will be installed at the below premises and will remain at:
M/s. Kins Hospital,
18/65-A5, B3, Kuzhithurai town,
Court Road, Marthandam,
Kanniyakumari - 629163

Clix Internal Circulation Only

Clix Internal Circulation Only