STATE BANK OF PATIALA OLD RAILWAY ROAD, MUNJAL TOWER GURGAON PHONE: 0124-2320227 FAX: 0124-2329528

To Haryana State Pollution Control Board C-11, Sector-6, Panchkula 134 109

Dear Sir, Guarantee No. ...................................................................................................... Amount of Guarantee: Rs. 12,500/= (Rupees Twelve Thousand Five Hundred) Guarantee Cover From. ................................................... To ............................... Last date of lodgement of complaint ....................................................................

This deed of guarantee executed by the State Bank of Patiala, constituted under the State Bank of India (Subsidiary Banks) Act, 1955, having Head Office at the Mall, Patiala, and one of its branches at Old Railway Road, Gurgaon (hereinafter referred to as Bank) in favour of Haryana State Pollution Control Board, C-11, Sector 6, Panchkula 134 109 (hereinafter called the Beneficiary) for an amount not exceeding Rs. 12,500/= (Rupees Twelve Thousand Five Hundred) at the request of M/s Shivom Enterprises, Daultabad Road Industrial Area, Near Bhalla Chemicals, Gurgaon (hereinafter called the Industry).

The Guarantee is issued subject to the condition that the liability of the Bank under this guarantee is limited to a maximum of Rs. 12,500/= (Rupees Twelve Thousand Five Hundred) and the Guarantee shall remain in

full force up to 15th January, 2013 and cannot be invoked otherwise than by a written demand or claim under this Guarantee served on the Bank on or before the 15th January, 2013, subject to failure in sample test results complying with standards. Whereas M/s Shivom Enterprises situated at Daulatabad Road, Gurgaon is running an industrial unit facilitated with electroplating, hence, falls under red category as referred in Annexure A, Serial No. 46 of the notification dated 01-04-2012 and in compliance with letter bearing No. HSPCB/GR/ 2012/4222 dated 28-06-2012, the industry, hereby, submits a Bank Guarantee, worth Rs. 12,500/= (Rupees Twelve Thousand five hundred only), against a Capital Investment of Rs. 11,75,000/=), which could be returned by the Board after the samples are passed,. The Bank in consideration of the premises, at the request of the industry, do, hereby, guarantee and undertake to pay without demur to the Haryana State Pollution Control Board forthwith on demand at any time up to 15/01/2013 any money or monies not exceeding a total sum of Rs. worth Rs. 12,500/= (Rupees Twelve Thousand five hundred) only as may be claimed by the Board to be due from the industry in case of failure in complying with conditions as stated above. It is, hereby, agreed and acknowledged that the decision of the Board as to whether any money is payable by the industry to the Board or whether the industry has made any such default or defaults as aforesaid and the amount or amounts to which the Board is entitled to by reason thereof will be binding on the Bank and the Bank shall not be entitled to ask the Board to establish its claim or claims under this Guarantee or to claim any such amount from the industry in the first instance but shall pay the same to the Board forthwith on demand without any demur, reservation, recourse, contest or protest and/or without any reference to the industry. Any such demand made by the Board on the Bank shall be conclusive and binding notwithstanding any differences between the Board and the Industrial unit or any dispute pending before any Court, Tribunal, Arbitrator or any other Authority.

The Bank further undertakes not to revoke this Guarantee during its currency except with the previous consent of the Board in writing and this Guarantee shall continue to be enforceable till the aforesaid date of its expiry or the last date of the extended period agreed upon as the case may be unless during the currency of the Guarantee all the dues of the Board as per the said letter have been duly paid and its claims satisfied or discharge or the Board certifies that the terms and conditions of the said letter of allocation have been fully carried out by the Industrial unit and accordingly discharged the Guarantee.

Subject to the maximum limit of the Banks liability as aforesaid, this Guarantee shall cover all claim or claims of the Board against the industry from time to time arising out of the said letter of allocation and in respect of which the Boards demand or notice in writing be served on the Bank before the date of expi ry of this Guarantee mentioned above or of further extended period agreed upon, as the case may be.

The Guarantee shall not be affected by any change in the constitution of the industry or any extension or forbearance to the company by the Board and the Bank will ensure for and be available to and Guarantee enforceable by the Board. The Bank has power to issue this Guarantee under the statute and the undersigned has full power to sign this Guarantee on behalf of the Bank. Dated this 16th day of July 2012 at Gurgaon