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Annexure-4

Date: 15.02.2016

To,

The Manager
ORIENTAL BANK OF COMMERCE
BANNERGHATTA BRANCH
BANGALORE

Dear Sir,

UNDERTAKING

1. I/We have requested ORIENTAL BANK OF COMMERC, BANNERGHATTA BRANCH , Bangalore


(hereinafter referred to as the Bank) for providing me/us assistance under the Credit Linked
Capital Subsidy Scheme for Technology Up gradation of Small Scale Industries to the extent Of
Rs.1500000/- (Rupees FIFTEEN LACS ONLY)for setting up a project under small Scale Industries.

2. The Bank has acceded to and accepted my/our request to lend in proportion to the investment
Made or to be made in purchase of machineries for technology Up gradation programmed by
me/us as per the terms and conditions provided in the Agreement executed between the Bank
and myself/ ourselves.

3. The Government of India has appointed / designated Small Industries Development Bank of
India (SIDBI) AS Nodal Agency for channelizing Credit Linked Capital subsidy for Technology Up
gradation of Small Scale Industries under Ministry of SSI & ARI, Government of India (hereinafter
Referred to as the Scheme) and permitting the Bank under the scheme for claiming Capital
Subsidy on the term loan sanctioned and disbursed by the Bank to me/is.

In view of the above facts, I/we hereby undertake and declare under:
1. That I/we have read and understood the terms and conditions of the said scheme and
hereby Agree and undertake to comply with and to faithfully observe all the terms and
conditions of the said scheme and also all the subsequent amendments and modifications
and additions thereto together with the conditions of the sanction of the said financial
assistance.

2. That all the information / details / particulars provided/ submitted by me/ us vide our
Application Form for availing assistance under credit Linked Capital Subsidy Scheme for
Technology Up gradation of Small Scale Industries (CLCSS) and/ or vide other documents/
Letter etc. are true and correct.

3. That the capital subsidy under the scheme from the Government has been granted to/
availed By me/ us on the basis of information/details/ particulars submitted from the
government has been availed by me/us on the basis of any false information, I/We/the
industrial unit shall refund/ shall be liable any false information. I/We/the industrial unit
shall refund/shall be liable to refund the Government Capital Subsidy availed by me/us.
Along with interest to be charged from the date of disbursement till the date of refund and
the rate of interest to be charged, shall be the Prime Lending Rate of the Bank prevailing at
the time invoking this penal clause.

4. That if it is found that Capital Subsidy has been obtained by misrepresentation of facts or by
furnishing false information, I/We shall be liable for all the consequences besides refund of
government Capital Subsidy availed along with interest as mentioned above.

5. I/we hereby further declare that I/we am/are aware that as per terms and conditions of the
Credit Linked Capital Subsidy Scheme for Technology Up gradation of Small Scale Industries
(CLCSS) the Bank is required to furnish SIDBI as nodal agency of CLCSS/Government of India
all such information as SIDBI/Government of India may require from time to time and also
for inspection for the units by SIDBI/Government of India during currency of assistance
under CLCSS And hereby undertake and give our consent that I/We have no objection for
the Bank furnishing to SIDBI/Government of India all such information.
Yours faithfully,

For Ridhi Sidhi Exports

(Partner)