Prepayment: The term loans availed of by our Company typically have prepayment provisions which allows for
pre-payment and re-scheduling of the outstanding loan amount on receiving prior approval from such concerned
lender, subject to such prepayment penalties as may be decided by the lender at the time of such prepayment, or
as laid down in the facility document, as the case may be.

Covenants: Borrowing arrangements entered into by our Company for the term loans typically contain various
restrictive conditions and covenants restricting certain corporate actions, and we are required to take the prior
approval of the lender before carrying out such activities, including for:

a. effecting any material change in the equity pattern;

b. amending our Memorandum of Association and Articles of Association;

c undertaking any new project, diversification, modernization or substantial expansion of our projects;

d. changing our capital structure or management of our Company;

e effect any merger, amalgamation or scheme of arrangement or compromise;

f. declaring or paying any dividend or any other distribution to any of the shareholders;

g. creating any charge, mortgage, pledge, hypothecation, lien or other encumbrance over assets constituting

security or any further indebtedness of any nature;

h. revaluing the assets of our Company;

i. changing the accounting policies of our Company;

je transferring or disposing of the Equity Shares by our Promoter;

k. incorporating new subsidiaries; and

L investing any funds by way of deposit, extending loan or advance to or placing deposit with other
companies.

Events of Default: Borrowing arrangements entered into by our Company for the term loans contain standard
events of default, including:

a. non-payment or default of principal and/or interest due on the loan obligation;

b. breach of any representation, warranty or undertaking by our Company;

c proceedings relating to winding up, insolvency, liquidation being initiated against our Company;

d. change in control of our Company;

e. non creation of security within stipulated period;

f. appointment of a receiver over or liquidator for all or any part of the undertaking of our Company;

g. cross default by our Company on amounts due to any other lender;

h. cessation of business of our Company; and

i. any circumstance or event which is prejudicial to or impair or imperils or jeopardizes or adversely affect
the ability or capacity of the borrower to perform or company its obligation to repay under the loan
agreements.

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