Annexure Gl

ANNEXURE GL-16 LETTER OF INDEMINITY (TO BE EXCUTED ON STAMP PAPER )

For delivery of gold ornaments of deceased lying pledged with the Muthoot Finance Lted without production of legal representation This Deed of indemnity exuecuted (i) ....................................................................... (ii)........................................... (iii) .................................. (iv)............................................... and (v)...................................... ( here in after referred to us the claimants and (1) ......................... ................................... (2) ....................................................... ( here in after referred to uas the sureties0 in favour of the Muthoot Finance Ltd. Constituted under the company Act, 1956 and having a branch office at............................................ (Hereinafter called the company which term shall include its assigns and successors) Whereas Smt/ Shri .................................................................. aged.........................Son .................................................................. (hereinafter referred to as the Borrower) has borrowed a sun of Rs..................................... on................................... (G.L. No ................................... ) by Pledging he following ornaments with the company asscueity for the loan.

Description of the ornaments

Weight

(1) (2) (3) (4) And Whereas the claimants have repaid and closed the loan account on behalf of the estate of Smt/ Shri ....................................................................... Who Died on ...................................... ........................................ as his / her legal representative. And whereas we the claimants are therefore entitled to the delivery of the ornaments held by the company and on application and at the request of the claimants and sureties the company has agreed to such delivery provided the claimants and the sureties execute a deed of indemnity being presents. Now in consideration of the company. at the request of the claimants and the sureties delivering the aforesaid ornaments to the cliamnat without production of letters of administration or probate or any other vaild testamentary order of the court to his/ her estate and a certificate from the controller of the Estate Duty that estate duly had been paid or will be paid or that none of due we the climants and sureties jointly and serveally and our heirs and executors and administrators of each of us hereby agree and undertake ot defend keep

harmless and indemnified at all time and relieve the company for all action suits and deamands ( including a liam in respect of payment of estate duty)which may at any tiem be commenced amde institued or prosecuted against the company by may at any time be commenced, made institutd or prosecuted against the company by any persons whowsoever being or claiming to be entited to the ornaments or on account of the delivery of these ornaments by the company to the claimants and from and against all losses, costs, charges damages expenses whatsoever which the company, its successors or its land hereditaments, goods, chattel or effacts shall sustain or be put to for or by reason or the delivery of the ornaments of the deceased smt/ Shri ............................................................................... by the company tothe cliamants. In witness where of we have hereurito sent our hand at............................................................ In the presence of ..............................................this ................................................................ thousand.............................................................................................................. Claimants (1) (2) (3) (1) Sureties (2) Witnesses (1) (2)

. day to two