Resolution of partners, authority to borrow and to create security

Extract from the record of the decisions of the partners of [LLP's name] LLP dated [Date of the partners' decision] — a certified copy is required by the lender

AVAILING OF CREDIT FACILITIES AND CREATION OF SECURITY

The partners considered the sanction letter dated [Date of the bank's sanction letter] issued by [Name of the bank], [Branch] (the "Bank"), offering credit facilities to the LLP, and the draft facility and security documents placed before the partners. The partners noted that clause [7.3(f)] of the Limited Liability Partnership Agreement dated [Date of the LLP Agreement] requires the unanimous consent of all the Partners for borrowing exceeding Rs [Borrowing above which all partners must consent (Rs)] and for the creation of any security over the assets of the LLP.