*Altered pursuant to the transfer of equity shares from SCPE to Marina III Singapore Pte Ltd dated 24‘ March,
2017

“Investor Shares” shall mean the IFC Initial Shares, the Investor Subscription Shares and any other
additional Equity Shares issued to the Investors, the amounts for which may be paid by such Investor to
the Company for the subscription of such additional Equity Shares, if any;

*“Investor Subscription Shares” shall mean the Marina III Shares and the IFC Subscription Shares;

*Altered pursuant to the transfer of equity shares from SCPE to Marina III Singapore Pte Ltd dated 24" March,
2017.

“IRR” means with respect to any Investor, the internal rate of the return achieved by such Investor
calculated using the Microsoft Excel XIRR function (or if such program is no longer available, such
other software program for calculating IRR acceptable to the Investors and Sponsors), at the time when
the IRR is required to be calculated in accordance with the Shareholders Agreement as a specified
percentage of the shareholding of the Investor reckoned as Shares on a Fully Diluted Basis calculated
commencing on the respective Investment Dates and shall be arrived at duly taking into account the (a)
the Aggregate Subscription Amount paid by the Investor to the Company and (b) minimum floor price
per share at which the Qualified IPO or Investor Request Qualified IPO opens or in the case of a buy
back or Third Party purchase the price per Equity Share at which such transaction takes place duly
adjusted for Equity Shares held by the Investor reckoned as Shares on a Fully Diluted Basis and duly
adjusted therefrom all previous Distributions (including dividends, buy-back amounts or payments made
pursuant to a reduction of capital) by the Company to such Investor; Calculation of IRR for any Investor
shall be done on a pre-tax basis;

“Joint Ventures" means Carl Stahl Craftsman Enterprises Private Limited and MC Craftsman
Machinery Private Limited, and any other joint venture that the Company may enter into after July 03,
2012 being the date of execution of the Shareholders Agreement;

“KG” means K. Gomatheswaran, s/o Kaliappa Gounder, a citizen of India, residing at 4A,
Windchimes,248/3, Race Course, Coimbatore - 641 018, Tamil Nadu, India, having Permanent Account
No.AFXPG9306B;

“Liquidation Event" means any liquidation, winding up or bankruptcy, reorganization, composition
with creditors or other analogous insolvency proceeding of the Company or any Subsidiary, whether
voluntary or involuntary, or any petition presented or resolution passed for any such event or for the
appointment of an insolvency practitioner;

"Listing" means the admission of Equity Shares of the Company (and/or Share Equivalents) to listing
on any securities exchange and/or to trading on any Relevant Market;

“Long Term Borrowings" means any Borrowing not originally due for repayment in full within 12
(twelve) months from the date of such Borrowing;

“Management of the Company” refers to the function involving the management of the affairs of the
Company carried out under the leadership of the Managing Director of the Company comprising of
executive directors, key management personnel and other officers;

*“Marina III means Marina III (Singapore) Pte Limited a company incorporated and registered under
the laws of Singapore, having its registered office at 8, Marina Boulevard, #23-01, Marina Bay Financial
Centre Tower 1, Singapore 018981.

*Inserted pursuant to the transfer of equity shares from SCPE to Marina III Singapore Pte Ltd dated 24" March,
2017

*“Marina III Subscription Shares” means the 89,100 (Eighty Nine Thousand One Hundred) Equity

Shares of the Company subscribed by SCPE pursuant to the SCPE Subscription Agreement and now
held by Marina III;

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