(a) Subject to the provisions of the Companies Act, 2013 and notwithstanding anything to the contrary
contained in the Articles of Association, the Board may appoint any person as a director nominated by
any institution in pursuance of the provisions of any law for the time being in force or of any agreement.

(b) The Nominee Director/s so appointed shall not be required to hold any qualification shares in the
Company nor shall be liable to retire by rotation. The Board of Directors of the Company shall have no
power to remove from office the Nominee Director/s so appointed. The said Nominee Director/s shall be
entitled to the same rights and privileges including receiving of notices, copies of the minutes, sitting
fees, etc. as any other Director of the Company is entitled.

(c) Ifthe Nominee Director/s is an officer of any of the financial institution the sitting fees in relation to such

nominee Directors shall accrue to such financial institution and the same accordingly be paid by the

Company to them. The Financial Institution shall be entitled to depute observer to attend the meetings of

the Board or any other Committee constituted by the Board.

The Nominee Director/s shall, notwithstanding anything to the Contrary contained in the Articles of

Association, be at liberty to disclose any information obtained by him/them to the Financial Institution

appointing him/them as such Director/s.

(d

Article 105A provides that subject to the applicable law and the approval of the Shareholders by way of a special
resolution in the first general meeting, until (a) Sequoia Capital India Investments IV (“Investor 1”) holds ten
percent of shareholding of the Company, and (b) Dynamic India Fund S4 US I (“Investor 2”) and India Advantage
Fund $4 I (“Investor 3”), collectively hold ten percent of shareholding of the Company, they shall each have the
right to nominate one nominee director to the Board of the Company. However, if the holding of any of the (a)
Investor 1; and (b) Investor 2 (together with Investor 3) in share capital of the Company goes below ten percent,
such nomination rights will be extinguished forever with respect to such Investor, whose shareholding goes below
ten percent.

PROCEEDINGS OF THE BOARD OF DIRECTORS

Article 111 provides that the Board of Directors may meet for the conduct of business, adjourn and otherwise
regulate its meetings as it thinks fit. A director may, and the manager or secretary on the requisition of a director
shall at any time, summon a meeting of the Board. In terms of the Companies Act, 2013 or other applicable laws,
to permit the participation of Directors in meetings of the Board otherwise through physical presence, the Board
or its Members, may from time to time decide to conduct discussions through audio conferencing, video
conferencing or net conferencing and directors shall be allowed to participate from multiple locations through
modern communication equipment for ascertaining the views of such Directors as have indicated their willingness
to participate by audio conferencing, video conferencing or net conferencing, as the case may be.

Article 112 provides that the Directors may from time to time elect from among their Members a Chairperson of
the Board and determine the period for which he is to hold office. If at any meeting of the Board, the Chairman is
not present within five minutes after the time appointed for holding the same, the Directors present may choose
one of the Directors then present to preside at the meeting. Subject to Section 203 of the Companies Act, 2013
and rules made there under, one person can act as the Chairman as well as the Managing Director or Chief
Executive Officer at the same time.

Article 115 provides that subject to the provisions of the Companies Act, 2013, the Board may delegate any of
their powers to a Committee consisting of such member or members of its body as it thinks fit, and it may from
time to time revoke and discharge any such committee either wholly or in part and either as to person, or purposes,
but every Committee so formed shall in the exercise of the powers so delegated conform to any regulations that
may from time to time be imposed on it by the Board. All acts done by any such Committee in conformity with
such regulations and in fulfilment of the purposes of their appointment but not otherwise, shall have the like force
and effect as if done by the Board.

RETIREMENT AND ROTATION OF DIRECTORS

Article 119 provides that subject to the provisions of Section 161 of the Companies Act, 2013, if the office of any
Director appointed by the Company in General Meeting vacated before his term of office will expire in the normal
course, the resulting casual vacancy may in default of and subject to any regulation in the Articles of the Company
be filled by the Board of Directors at the meeting of the Board and the Director so appointed shall hold office only
up to the date up to which the Director in whose place he is appointed would have held office if had not been
vacated as aforesaid.

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