Letter of Undertaking

To, Karvy Stock Broking Limited, Avenue 4, Street No.1 Banjara Hills, Hyderabad – 500 034

Dear Sir,

The client(s) ______have approached us for execution of delivery instruction slip no. ______under client id:______. Upon verification it has been noted that new combined delivery instruction slips bearing ranges ______to ______have been issued under the said client id which were returned undelivered to Hyderabad office due to “______”.

As the client has an immediate Market / off-market transaction obligation, wherein the pay in has to made on urgent basis, we request you to kindly un-block slip no.______so as enable us to execute the slip through back office software. We have collected the Photo ID proof and Address proof from the clients which are enclosed herewith for your reference and records.

Further, I /we Branch Head / Operational Head of ______- branch undertake that the client is known to me and the transaction is genual. In case of any kind of claim or enquiry in future we shall agree to compensate the same to the company.

Signature of First /Second / Third holder.

1. ( Branch Head ) EMP ID: NAME:

2. (DP Operational Head) EMP ID: NAME: