Annexure VOLUNTARY To, JM Financial Services Pvt. Ltd.

4th Floor Palm Court, 'M' Wing, Link Road, Malad (W), Mumbai - 400 064 Sub: Authority to retain funds/securities towards margin in Cash/Capital/ F&O /Derivatives Segment Mutual funds segment and to deposit the collaterals with the Stock Exchanges towards margin. I, the undersigned, am in the process of registering myself as a client with you for executing my secondary market trades from time to time in Cash/Capital and/or F&O segment (including currency derivatives) and/or for Mutual Fund dealing in the units of Schemes permitted to be dealt with on the trading platform of Bombay Stock Exchange Ltd. (BSE) and/or National Stock Exchange of India Ltd. (NSE) and/or MCX Stock Exchange Limited (MCX-SX) (hereinafter collectively called as the Stock Exchanges). In connection with the same, I authorize JM Financial Services Pvt. Ltd. ('JMFS'), as mentioned herein below: For the purpose of operational convenience, I hereby give my consent to maintain my account, both for the funds and securities, on running account basis and settle the same once every quarter, unless and otherwise, I request in writing to settle once every month. Consequent upon your execution of my secondary market trades including my transactions on the Mutual Fund trading platform, I have either to pay or receive funds and/or securities depending upon my securities' transactions. In the event if I have to receive funds/securities from you on declaration of pay-out of funds or securities by the Stock Exchanges, I hereby authorize you to retain the funds and/or securities, as the case may be, with you as margin towards my ongoing secondary market transactions from time to time in Cash/Capital market and/or F&O segment. My above authority is notwithstanding the fact that trading members are required to make payment of funds and/or transfer securities to their Client/Clients' accounts within one working day from the declaration of pay-out of funds and/or securities by the Stock Exchanges. You are further authorized to utilize the funds/securities thus retained by you towards any of my settlement obligations/dues or margin requirement that I/we might have towards you on any account either in Cash/Capital market and/or F&O Segments of any of the Stock Exchanges. You are further authorized to utilize my/our funds/securities that are available with you from time to time towards any of my settlement obligations/dues or margin requirement that I might have towards you on account of my dealing in the units of Mutual Fund units permitted to be dealt with, on the trading platform of the Stock Exchanges viz. StAR Mutual Fund of BSE and Mutual Fund Service System of NSE. I, hereby authorize you to deposit any and all the securities kept as collateral by me, from time to time, with the Stock Exchanges and/or clearing corporation of the Stock Exchanges towards margin. Unless otherwise consented by me the authority as given above will remain valid for a period of one year from the date of execution of this letter and is revocable by me at any time by giving a written intimation thereof to you. However, the said revocation shall not adversely affect your right to adjust the funds/securities towards my outstanding settlement obligations/dues till the date of receipt of revocation intimation in writing by you. Notwithstanding this, you shall have absolute right to meet my/our margin obligations for next five trading days in the F&O Segment and as prescribed by the Stock Exchanges. Date: ______________________ Signature: ____________________________

Note : Incase you want us to settle the fund and/or securities on a monthly basis, please give us the request in writing.