Board, and such non-voting observers have the right to attend all meetings of the Board and the relevant
committees, respectively, and are entitled to receive all notices and correspondences issued to the members of the
Board or the relevant committee of the Board, as the case may be.

The SHA also provides for certain inspection rights to the Investors, such as inspection of properties, assets,
corporate, financial and other records of our Company. The Investors have also agreed to be subject to certain
restrictions and obligations in relation to transfer of shareholding by the Investors, including providing inter-se
rights of first offer, tag along rights and drag along rights.

Further, the Investors have affirmative voting rights in relation to various reserved matters, requiring prior written
approval of the respective Investors in order for our Company to undertake certain matters, including among
others: (i) amendment to the charter documents; (ii) any change in the authorised, issued, subscribed or paid-up
share capital of our Company, including any re-organisation of the share capital, any new issue of equity securities
(including warrants) or any preferential issue of shares or redemption or cancellation or otherwise reorganising,
or altering any rights attaching to, any Equity Shares or equity securities, the issuance of convertible instruments
or grant of any options or other rights over shares or other securities; (iii) use of primary proceeds cumulatively
above 2% 5,00,00,000 other than for brand marketing; (iv) availing any loan or financial assistance for an amount
in excess of 2 5,00,00,000 (in any year when taken in the aggregate) from any bank, financial institution, promoters
or director, any creation of encumbrance’ lien against any asset or right of our Company in connection with such
loan or financial assistance, any pre-payment/ early repayment of such loan or financial assistance; (v) any change
in the constitution, number or structure of the Board; and (vi) an initial public offering, as per the terms of the
SHA.

Pursuant to the terms of the Amendment Agreement, except as stated below, all rights of the parties to the SHA
shall stand automatically terminated upon the commencement of listing and trading of the Equity Shares of our
Company on the Stock Exchanges pursuant to the Offer. As per the Amendment Agreement, upon listing, Investor
1 and Investor 2 and Investor 3 (together) have the right to nominate 1 (one) nominee director to the Board of the
Company. However, such surviving rights will only entail so long as each of the (a) Investor 1 holds at least 10%
(ten percent) of the share capital of our Company (on a fully diluted basis); and (b) Investor 2 and Investor 3
(together) holds at least 10% (ten percent) of the share capital of our Company (on a fully diluted basis). Further,
if the holding of any of the (a) Investor 1; and (b) Investor 2 (together with Investor 3) in share capital of our
Company (on a fully diluted basis) goes below 10% (ten percent), such nomination rights will be extinguished
forever with respect to such Investor, whose shareholding goes below 10%. However, the rights as above will be
subject to approval of the Shareholders in the first general meeting convened after Listing, in accordance with
applicable regulatory requirements.

Share subscription agreement dated November 8, 2014 between our Company, Prakash Kumar Saraogi, Vinod
Kumar Saraogi, Rahul Saraogi, Gautam Saraogi and Sequoia Capital India Investments IV (“SSA 1”)

On November 8, 2014, our Company, Prakash Kumar Saraogi, Vinod Kumar Saraogi, Rahul Saraogi, Gautam
Saraogi and Sequoia Capital India Investments IV entered into the SSA 1 for subscription by Sequoia Capital
India Investments IV to securities constituting (i) 18,74,709 Series A CCCPS and 10 Equity Shares, in the first
trance, and (ii) 6,24,906 Series A CCCPS, in the second tranche.

Share subscription agreement dated January 10, 2018 between our Company, Prakash Kumar Saraogi, Vinod
Kumar Saraogi, Rahul Saraogi, Gautam Saraogi and India Advantage Fund S4 I, acting through its trustee
IDBI Trusteeship Services Limited (“SSA 2”)

On January 10, 2018, our Company, Prakash Kumar Saraogi, Vinod Kumar Saraogi, Rahul Saraogi, Gautam
Saraogi and India Advantage Fund S4 I, acting through its trustee IDBI Trusteeship Services Limited, entered into
the SSA 2 for subscription by India Advantage Fund S4 I to securities constituting 23,99,860 Series B CCCPS
and 20 Equity Shares.

Key terms of other subsisting material agreements

Our Company has not entered into any subsisting material agreements other than in the ordinary course of business
of our Company, other than mentioned in ‘- Summary of Key Agreements and Shareholders’ Agreements’ on page
190. The Company and the Promoters confirm that there are no other agreements and the clauses/ covenants which
are material which need to be disclosed and that there are no other clauses/ covenants which are adverse/ pre-
judicial to the interest of the public shareholders. Further, there are no other agreements, deed of assignments,

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