Affidavit and Acknowledgement of Debt by Prithvi Information Solutions Towards Kyko Global Inc.

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Affidavit and Acknowledgement of Debt signed by Managing Director and authorized signatory of Prithvi Information Solutions Ltd towards Debt to be paid to Kyko Global Inc.

Transcript of Affidavit and Acknowledgement of Debt by Prithvi Information Solutions Towards Kyko Global Inc.

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  • 4) Prithvi agrees to pay the amount stated in paragraph 2 as demanded byKyko.

    5) Prithvi acknowledges and agrees that Prithvi has executed a Confession ofJudgment in favour of Kyko in the United States for the purposes of theenforcement of such Judgment by the Courts at Hyderabad of India, atrue copy of which is attached and marked as Exhibit "A" to thisAffidavit, and that this Confession of Judgment is binding on us.

    6) Prithvi acknowledges and agrees that a lawsuit may be initiated by Kykoin India based on the Confession of Judgment.

    7) Prithvi acknowledges and agrees that Kyko may rely on this Affidavit toobtain a Judgment against us for the indebtedness we owe to Kyko whichwe have acknowledged in this Affidavit.

    8) Prithvi acknowledges and agrees that we will not raise the defensesmentioned in section 13 of Civil Procedure Code of 1908, and we willacknowledge our debt to Kyko as stated in paragraph 2, above, in anyCourt in, Hyderabad, Andhra Pradesh, India, should Kyko initiate a lawsuitto recover this debt.

    9) Prithvi agree to cooperate and facilitate the enforcement of a judgmentbased on the debt obligation.

    I confirm that I am making the affidavit on oath to facilitate the enforcement ofa foreign judgment in India, and I am aware of the conditions of the same andabove shall be binding upon me at all times.

    Whatever above stated is true and correct to the best of my knowledge, beliefand information and I have signed this affidavit on this 19th day of July, 2013 atHyderabad,Andhra Pradesh India.

    Prithvi Information solutions LTD

    Mr.Satish Vuppalapati

    Managing Director

    Affiant

    T. PADMAJAV- / MADHAPUR,

    iT.

    ATTESTED

    T. PAE tf^DMAJANOTARY G.O.M.S. No: 2742

    MADHAPUR, HYDERABAD-81ANDHRA PRADESH, INDIA,

    COMMISSION EXPIRES ON 26 DEC-2016

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