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42 Part B Term Sheet Security Name Product Code Issuer Type of Instrument Nature of Instrument ISIN Seniority Principal Protection Underlying/ Reference Index Mode of Issue Issue Size (Rs.) Aspire- Market Linked Debentures SERIES M-1/F.Y.19/F.Y.22 Aspire Home Finance Corporation Limited Principal Protected Market Linked Redeemable Non-Convertible Debenture Secured This is further issuance under the ISIN : INE658R07273 Senior Principal is protected at Maturity NIFTY 50 Index Private Placement Rs Crs plus Green Shoe Option of Rs Crs 43 Debentures aggregating to Rs.4,31,72,774/- Option to Retain Oversubscription Eligible Investors Not Applicable The following categories of investors, when specifically approached, are eligible to apply for this private placement of Debentures: Resident Individuals Hindu Undivided Family Trust Limited Liability Partnerships Partnership Firm(s) Portfolio Managers registered with SEBI Association of Persons Companies and Bodies Corporate including Public Sector Undertakings. Commercial Banks Regional Rural Banks Financial Institutions Insurance Companies Mutual Funds/ Alternative Investment Fund (AIF) Any other investor eligible to invest in these Debentures

43 Minimum Application Size Face Value Issue Price Premium at Issue Details of the Utilization of the proceeds Tenor In Days Issue Opening Date Issue Closing Date Initial Fixing Date 3 debenture and in multiples of 1 debenture thereafter Rs. 10,00,000/- Per Debenture Rs. 10,04,018/- Per Debenture Rs.4018/- per Debenture The Issuer proposes to augment its resources to meet its requirements of funds to carry on its business operations. The proceeds of the issue of Debentures would be utilized for general corporate purposes and onward lending. 897 days from the Deemed Date of Allotment 15-November November October-2018 Initial Fixing Level Level of Nifty 50 Closing on 31 st October, 2018 Final Fixing Date Final Fixing Level Reference Index 28-January-2021 Official Closing Level of Nifty 50 Index as on Final Fixing Date Nifty 50 Index Redemption Date 30-April Redemption Value per Debenture Pay-in-Date Deemed Date of Allotment Face Value *(1+Coupon) 15-November November-2018 Coupon Scenario Coupon If Nifty Performance >=-75% (Assuming entry level of 10,000, final Nifty level is above 2500) % If Nifty Performance < -75% (Assuming entry level of 10,000 final Nifty level is below 2500) 0%

44 Where Initial Fixing Level : Level of Nifty 50 Closing on 31 st October 2018 Final Fixing Level: Official Closing Level of Nifty 50 Index as on Final Fixing Dates Underlying Performance: (Final Fixing Level / Initial Fixing Level) 1 Day count basis Coupon payment frequency Coupon payment dates Coupon type Coupon-Reset Process (including rates, Spread, effective date, interest rate cap and floor etc) Redemption Premium / Discount Put / Call Option Put / Call Option Date Listing Issuance / Trading mode of Debenture Actual/Actual Coupon, if any will be paid on Redemption Date Coupon, if any will be paid on Redemption Date Coupon linked to Underlying / Reference Index. Not Applicable Not Applicable None Not Applicable The Company proposes to list these Debentures on the BSE WDM segment. The Issuer confirms that the Debentures would be listed within 20 days from the Deemed Date of Allotment. DEMAT form Settlement mode of the Instrument Trading mode of the Debenture RTGS/ NEFT Demat Mode Depository Security NSDL and CDSL Debentures shall be secured by exclusive charge on present and future receivables to the extent equal to the principal and interest amount of the Debentures outstanding at any point of time and a pari passu charge over an immovable property to be maintained during the tenor of the MLDs.

45 Rating PP-MLD[ICRA]A+ (pronounced Principal Protected Market Linked Debentures ICRA A Plus) with stable outlook Settlement Branch Address Bank A/C Name Axis Bank Ltd., Gokhale Road, Gr floor, Sayani Road, Prabhadevi, Mumbai Aspire Home Finance Corporation Ltd Bank A/C No IFS Code UTIB Business Day Convention (As per Shelf Disclosure Document ) As per SEBI Guideline of Payment Right to Re-purchase Debentures Record Date Interest on Application Money Transaction Documents Conditions Precedent to Disbursement Conditions Subsequent to Disbursement Events of Default Debenture Trustee Roles and Responsibilities of Debenture The Company will have power, exercisable at its sole and absolute discretion from time to time, to re-purchase a part or all of its Debentures from the secondary markets at Fair Market Value or otherwise, at any time prior to the Redemption Date, subject to applicable law and in accordance with the applicable guidelines/regulations. The date, as may be fixed by the Company, which will days prior to the redemption date on which the determination of the persons entitled to receive coupon/redemption amount in respect of the Debentures (i.e., persons whose names are registered in the register of Debenture Holders or NSDL/CDSL record) shall be made. This issue does not contemplate any interest on application money till allotment of Debentures. Among others should include: Valuation Agreement between company and ICRA and amendments thereafter to the respective agreements as may be applicable Nil As per Shelf Disclosure Document As per Debenture Trust Deed Beacon Trusteeship Limited As per Debenture Trust Deed

46 Trustee Governing Law and Jurisdiction Other Terms The Debentures are governed by and will be construed in accordance with the Indian law. The Company, the Debentures and Company s obligations under the Debentures shall, at all times, be subject to the directions of the RBI and the SEBI. The Debenture holders, by purchasing the Debentures, agree that the Mumbai High Court shall have exclusive jurisdiction with respect to matters relating to the Debentures. Default in Payment: In case of default in payment of Coupon and/or principal redemption on the Redemption Date, additional 2% p.a. over the Coupon will be payable by the Company for the defaulting period. Delay in Listing: In case of delay in listing of the Debentures beyond 20 days from the Deemed Date of Allotment, the Company will pay penal % p.a. over the Coupon from the expiry of 30 days from the Deemed Date of Allotment till the listing of such Debentures to the investor. The interest rates mentioned in above are independent of each other. Distribution Fees Valuation Agency Fees Valuation Agency Risk Factors associated with Market Linked Debentures As mutually decided. Fees will be paid by Issuer as per agreement Latest and historical valuation for such securities shall be made available on the websites of issuer and valuer. The Valuer will be a credit rating agency appointed by the Issuer. The securities are created on the basis of complex mathematical models involving multiple derivative exposures which may or may not be hedged and the actual behavior of the securities selected for hedging may significantly differ from the returns predicted by the mathematical models. The principal amount is subject to the credit risk of the issuer whereby the investor may or may not recover all or part of the funds in case of default by the Issuer.

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200 119/BTL/CL/18-19/DEB Date: October 26, 2018 Aspire Home Finance Corporation Limited Motilal Oswal Tower, Level 11, Junction of Gokhale & Sayani Road, Prabhadevi, Mumbai Kind Attn: - Mr. Sanjay Chaturvedi (Sr. VP & Head Treasury) Dear Sir, Consent to act as Debenture Trustee for the Secured/Unsecured, Redeemable,Rated, Principal Protected Non-Convertible Market Linked Debentures aggregating upto Rs. 250 Crores This is with reference to your dated 26th October, 2018 and the discussion we had with you regarding appointment of Beacon Trusteeship Ltd. as Debenture Trustee for Secured/Unsecured, Redeemable, Rated, Principal Protected Non-Convertible Market Linked Debentures aggregating upto Rs. 250 Crore to be raised by your company. In this regards it would indeed be our pleasure to be associated with your esteemed organization as Debenture Trustee. In this connection, we confirm our acceptance to act as Debenture Trustee for the same. We are also agreeable for inclusion of our name as trustees in the Company s offer document/disclosure document/ listing application/any other document to be filed with the Stock Exchange(s) or any other authority as required. Looking forward to a long and fruitful association with your esteemed organization. Yours faithfully, For Beacon Trusteeship Limited Authorised Signatory BEACON TRUSTEESHIP LTD. Corporate Office : 4C & D, Siddhivinayak Chambers, Gandhi Nagar, Opp MIG Cricket Club, Bandra East (E), Mumbai Regd Office: F/201, Jai Balaji CHS Ltd, Plot no. 23, Sector 6, Nerul, Thane, Maharashtra CIN: U74999MH2015PLC Phone : Website :

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