. Events of Default: As per the terms of our borrowings, the following, among others, constitute events of

default:

a) Non-Payment of instalment/ interest within the stipulated time;

b) Representations or warranties found to be untrue or misleading when made;

c) Our Company ceasing or threatening to cease or carrying on its business;

d) Commission of an act of bankruptcy or filing of an application in relation to insolvency or
bankruptcy against our Company;

e) Cross-Default under other borrowings of our Company;

f) Change in control of the Company; and

g) Occurrence or existence of such events or circumstances, which in the opinion of the Bank,
could have a Material Adverse Effect.

. Consequences of occurrence of events of default: In terms of our borrowing arrangements, the

following, inter alia, are the consequences of occurrence of events of default, whereby our lenders may:

a)
b)
°)
@)

Terminate the sanctioned facilities;
Seek immediate repayments of the facilities;
Suspend further access/drawals; and

Enforce their security interest which includes, among others, taking possession and/or transfer
of the assets to such other third parties by way of lease, leave and license, sale or otherwise.

This is an indicative list and there may be additional terms that may require the consent of the relevant lender, the
breach of which may amount to an event of default under various borrowing arrangements entered into by us, and
the same may lead to consequences other than those stated above.

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