- NATIONAL HIGHWAYS AUTHORITY OF I N D I A (Ministry of Shlpplng, Road Transport & Highways)

Government of India

FOUR LANING OF BIJAPUR - HUNGUND SECTION OF NH -13 FROM KM 102.000 TO KM 202.000 I N THE STATE OF KARNATAKA UNDER NHDP PHASE

I11 ON-DESIGN, BUILD, FINANCE, OPERATE AND TRANSFER("DBF0T") TOLL BASIS (PACKAGE NO. NHDP-III/BOT/KNT/OS)

CONCESSION AGREEMENT between

NATIONAL HIGHWAYS AUTHORITY OF INDIA, G-5&6, Sector -10, Dwarka, New Delhi -110075

M/S, BIJAPUR HUNGUND TOLLWAY PRNATE LIMITED

"SADBHAV HOUSE", Opp. Law Garden Police Chowki, Ellisbridge, Ahmedabad- 380006

Gujarat INDIA

VOLUME - I11 (ANNEXURES)

MARCH 2010

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, . . . . . . . . . . . . . , . . ~. . . . . . . . . .: . . . . . . . .LIST OF VOLUMES : . :, f ,: ' : . .: .:. :~ , . ; ::;..! ,; :.:., ,

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: . . . -:. . . . . VQLUME.+ :1 :.:CONCESSIONAGREEMENT . . . . : . . . . . . . : . . <:.. i: :.:. :.. . . . . . . . . . .. ~ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . :. . .~ . . . . . . . . . . .

. . . . . . . . . . . . . . . . . . .: .: VOLUME --2 : ISC,HEDULES . :. :, . . . .

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VOLUME - 3 : ANNEXURES

I National Highways Anihori~ of India . Cn&h Agreemen . .

. . . . . Table of Contents . .

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. . . . . . . . . . . Description Page No. ST. No. . . . .

. . . .. ' , . . . . . . . . . ANNEXUREI Addendum . . ,531 . . . . . . . :

. . . . . . . . . . . : .ANNEXLIRE I1 ..Clatification to Pre-Bid Meetings & 534 . ' . ..... . . . . , ..: . . ... l . .

. . . . . . . . . Addendum to Vol. 2&3. , . . . . . . . . . . . . : . . . . , .

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. . . ANNEXURB El Addendum to RFP Vol. 2 @CA) & 616 . . : . . ~.

. . . . V0l.l (ITB). . , . . . , . .

ANNEXURE IV Bid of MIS SEL-MCL Consortium 636'

V Bid Security submitted by M/s SEL MCL Consortium.

LetterNo.NHAZIBOT111012 /PPPACIKNT/O5/2008/20 dated

I 08louz010- GOA)

--.-5 ANNEXURE VII Letter No. ~~~1~11~I/2009-1011440 dafed 1 1 / 0 ~ 0 1 0 -(Acceptance of LOA by M/s SEGMCL ~omrt ium)

ANNEXURE VIII Letter No. SELMHAIIB-W1332- Clarifications.

ANNEXURE IX Mls SEL Letter No. SELBHTWPL ILEOAU 2009-10 dated 24/02/10 consisting: 1) Copy of certificate of Incorporation 2) Copy of MOA & AOA of BHTPL

ANNEMlRE X M/s Bijapur Hungund Tollway Private . . . . . . . . - - . ' . - t i i t e d LetterNo. BUTWPYSEL

f2009-10 dated 25/02/10. . .

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ANNEXURE XI W s Bijapur Hun@ Tollway Private : .. . .

r . LitedLetter No. BHTWPUSEW . . .

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' '. ' .Z~os- lO dated 04/03/10 . . . . . . . . . . . . . . .

ANNEXURE XII Mls Fortress Infmtmchrre Advisory Services letter dated 05/03/10.

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1 k t & : 91-11-fms5un 1 Tt4 1

~ ~ ~ i ~ ~ ~ l .wghwav Au*horjh/ of 1&ia "lE&' m3 ' ~ 4 " ',- 1 . .: I .. ,

(wiisuy of Shipping , Road T r a m and kghways) . . -.- I * I@ 6. ~ ~ T - I o , m, ;rf w-110 075 . . -

. . . . 1 0-5 & B. SW-10, ~ l h i - ~ ~ ~ 7 5 , . I . . . . , . I . . .

N;. NHAI/BOT/1101~lOSR008/809S- Dated 07".~cptcmba, u)09 ! . . . . . . .... . , . . . . j To .:.:::. ......

i ?he Biddm . . . . .

. . . (who have pwhased the RFP documeni) . . . . . . . I . . . 1 (h par . . . . list). . . . .

I Sub: "Design. Engineering,, Financing, Pmclmment. Construction, Opmtion and Maintenance ofpmjffit 4 laning of Bljnpur Hungund .$om existing km 102.000 to km ,, i , 202.000 section of MI-13 in tbc.(date offfimOtaIm under NHDP phase I11 on Design.

1 Build, F'mance, Operate end Transfer(DBP0T)TaU bnsis".

. . Sir, .

It is to inform thnt the Addendum is issued to the RPP document ~ h d b; you. The . . . . . details o f thc,Ar?!IrrK!um lo lllrY documents me imiionlnlaf below:

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1 . . . . . . 7 RFP Volume-Z: Instraction to Bidder . .

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1. ddmdnm I fa) k Estiowted Pmjat C a t ns p r bnuse 1.1.1 shrill be I&. 748.Cr inplmip of Rs. 894 Cr.

! . . I 2 ddendum I h

&&bid pa Clause 1.2.4,2.1.7 shall h Rs, 14.96 ~r in of Rsi17.88 Cr. .

Addendaim I (cl 3. - , ',

i Clause 2i1.14 (i) shall be n a d w given below: I ~. . . . . .

. . . 1 such Bidder (or any constituent thereof) qnd any othm Bidder (or any constikmt '*,: . . i tlwwt) have common contmUing shareholders or other ownership intcns%.provided that this '

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&liftcationahall not apply in caws where the direct or indim sbareblding in a Bidder:& a constituent &;kdf.h the o(bes Bidder@) (or anyof ibcn+tuents) i s lcss tbn. 5% of. i ts . ' ~ . . ' : i . .

......... ! . . . : 1. ....:,,,. . . . . . . . . . . . . . . . ...... paid up and s u b s c n i capital: or . . . .................... ; ........ . . . . . . i . . . . . . .~ . . . . . . . . . . . . . . , . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . I,nste8? of $ ,. ,

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. ' . 'such Bidder (or.any c i 1 . ..... . t h q f l ?zavc.qxnrnon conmlli

qdifition shall not apply in cases when ! constituent.thenof in the other BiWe<(s) -~

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I ? 1 -1 VOLUME - Ik DRAFT CONCESSION AGREEMENT I

. . . . . . . . . . . : . . Thb performance security as per Article 9 of the DCAshall be read as h. 37.40

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. . . . . . . :crorc.@upces Thirty Seven erores Forty hkhs) in place of Rs. 44.7 cmrcs. . ' . . . .

. , ., : The whoie of DraA Conee~sionAgnement @CA) stands modified. The modified ' ' . . . . ~ . .

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~. . . DCA supersedes the earliaDCA. ..' . . . ., . . .

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I 'Ihe Schedule - A, Schedule - 8, Schdde- C, & Schedule-D stand modified. T b modificd Schedules supersede the d e r Schedule A, B. C, & D.

. . I . For details $ease visit MIAI wbsltc @-! ! . ~

Yours faithfully, /

. ' &&!.: &autam Das)

G e m 1 Maoagcr ( B0T)IA

. . . Mr, Ahwln Shah 'I * ' , , .1 - l M a n a 4 e r ~ ~ ~ . . ~.

Emll:abv.kanhriva~kdxlIldam.am 5. sEL-Ha-

Mr. N.R Patel.

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ik3JtheMrWcr ' ~ . r n u r e ,

~LsrrGardm,Pdcethowld -EI1Brldgc,IVnrLdaba&3BMM6 . Td: 079-26463M, 2646687 Emal: nllln@sadhwng.com

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Fm: 079-26100210 6. G)rUt.InfnUtructura LM.

. : k S X Kuggrm . -.Slgretwy '.

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lec l(navledee Park, phase n . . . . . . . . . . . . . . ..w&& . l ~ . ~ ,

. . . ' . . :4trrbwurer.aaua Road,

. . Banglm-560029 . . . . : . . . . . - .T* 13091-80-40432109 . .

. ' . Fax: 0091-8040432692

: ~neg.'kullamisK@~~~~~~~, . . . . . . . . . . . . . . . . . . . . . . . . . . .

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. .. . . . . . . . . . . .N~.NAH~~.OT~llOl2PPPACMNTIO5I~008 . . . . . . . . ' . . ' . : :. :.:-~ated22.10.2009.. . . . . . . . . . . . :; , :. - . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . :.. ,

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. . . . . . I 'MI Eligible .Bidders. - . : ' : . :. . . . . . . . . . . . . . . . . . ~. . . . . . . . . ::.. . . . . . . . . . . . . ;.

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.sub: :'+lanJng Of Bljapur-Hupgund. seetlon &f..w-$3 lfrorit ;m. 102.h~ to km : - "':::::'< . . ,202.000 In-.thestate gf Kamateka under NHDP .qh;rse-lll:on Design; .Build, Flnance. : . .,;.: . :, . ;

. . . . . :Operato and Transfer . (DBFOT) . Toli:Basis . . (Package . . . . No.,NHDI?~IIVBOTMNTIO5I). . . . . . . . . . . . . :: ,' . ' . . . . . . . : . . . . . . . . . . . . . . , . . . . . . . . . . . . . . . . . . . .

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. . Sir, . . . . . . . . . . . ...

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Please refer to W; p-e-bid meeting heldon 13.10.09 in NH&. H Q ' N ~ W Delhi on I.

. . . . subject project -

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2. The following information [documents are enclosed herewith:- . . . . . . . . . . .

(i) Clarifictitions to pre-bid meeting. (~nclosure - I). - (ii) Addetidum lo Vol.- 11 8 111 (Enclosure - 11, Revised Appendk B l in CD,

Revised tIppendix - BXVll & BXX).

(iii) Revised Vol. - I Instructions to bidder.

(iv) IRC Manual of specification and standards. . .

. . 3. The hard .cop& of V&II.(DCA) . and Vol. :Ill (Schedules), are also enclosed and, ' ' :

these documkts shal be read wlth addend&abo\re. . . . The bidder ky.kbidb , , .

note Ulat the bid duedate he been.exten&d'uptollOO I . : . . . I . . hrs'on 16.1 1.2000.. . . . . . . . . . . . .

4 . . . . . . . . . Pleasea - .: . ......... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . : . -- - . . . . . . . , - . . . . ~ . . . . . . . . .

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ENCLOSURE 1

."---.- & ~ t e e as tk case m y b e . 5 ~ 1 not be I#& than 180

. . . . from the bid due date lnduive of a dafm . .. . : . . . .... :not aaommied by the Bid security.

. . . ie;lnl.Tinnlb;t . ,

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21.8 , : -1 The validity of period ofBank5uanntee or Demand Dnft, :. . as thecase Mav be, hmllnot be Icn than 120 &,vr from the . ~ . . . . ~~ ~

'Bld due d;itr i; ,,,....,-. : She Bid Sccurlty hmU ba mfUhUible not later than 60 dayr from the Bld due date k e p t l n carc.bf the highest ~idder.

. . The bld security is Rs.14.96 Crores

. . . . . . . . . . . . . . . . , . ' Forthihi bid rasuiity Bmbunt please lrjndly darify t h e .ui& 'refer toaddendurn. peripd for mildity. a f Bid Kc!~fity?' Whether i t k 60' ,. ., ' ., . . . ..

i days, 12O.:drvi or 18l'days '

:: :I ':. .; .: ..', ' : . , , . . fromBid duedata? . . : . ,

03 . ' . 0ijiPur ~ungund Sed6nOf NH-13 h m ~m'l02.000 76 Km 202.000 &the State of ~arnbtabunder ~ H D P P h i ; ill an BOT ~ a s l i

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ENCLOSURE 1

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ENCLOSURE 1

. . . . . . for %!d ~aair~i-y' .~e . ~ t . ' . . . . adhere tothe RBI Gold&ij~ . " . : . . . . .

tisued to ankr ioi lrjoaria: : ' :. .:' , . ' . .

. . . . . . . . . of Bank Guarantee.. P l e d ' : . -.:. . ' . . confirm that thq ,Bank'cin, :,! :. . . . . . . . . add the man@atq .dauw' . : , ' ' . . . . . . at the end ,of thi Bmk- . : '' : . . . . . . . . . . . . ~ u a n n t i e a~hr-lbed by ::. :.. ' : . .: . . . . . . . .

. . . . . RBL . . . . .. %. , ' . . , .

. . . . . . . . ,?hi RBI bidilines :hi ri ';. . . . . . . . . . . . . . . . . . . . . . . . rollom: . . . . .

&ndinh. a"&". . , . :, , . . . . , .: ,~~ ~~~- . . .

. ,. ' h l + i e d herein. : ....; . . . . .- . . . . . . . . . _ . . . . . . Oar 1iabilIi-y under &'e'.~j&. .: ' 1; '.. ,.. , . . Guanntee'shall n o t k n d . . . . . . . . . . .:. :' . ,

Rs. -,tiores (inGkrds);:, . . : : . . . .':. . . : . . . . . . Tlie%ank Guaranteeihall..be . : : . . . . . . . . . . . . :

, . . valid uptoIdate], 2W-.. .. : . . . . . . . . . . Unless dairnedorid.lirihdd : .. : :. .;'. . . " . . In writltig 'is made urn . us :'

ENCLOSURE 1

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. . . . . I ' : ~:.sila~uiliun~;na:&oll OfNX.13 fi.i&,iki.6To ~ ~ , ~ ~ . ~ o f j ~ ~ ~ ~ ~ ~ i t C . ~ f . ~ ~ ~ i n k a u f l & ~ ~ ~ d ~ ? h a s ~ i l i d n B0i'~asir . . . . ... .

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. . . . . . (X . . . . .,. . . . .

. . . . . . , . . . . . . . . . . . . . . , . Is th l r : t . & . . . . . . . ~ . . . . . . . . . . . . . . , . . . . .

. . . . . . . . ! i . . . , mermoneil In case o ta sple '1

. . . . . . ~ .., , . . . . . . . . . - W l d ~ ~ubmIt3 .:this . duly' . .;; , . .

find A ~ ~ I X L . . . . . , . , . . . . . . . . . . . . , . . .

. . . . . . . . . I . . . . . . . ! : ....... . . . . . . . . . . . . . . . . . .. . . . . . . . . . , ~(l,,,jbd~rify the &w=). .:: ! ,: : . . .:., -

:52 Appendlx ll ~dnt We, the Bank, do)lWe& unconditionally undertake to pay Klndly; let us. :+ow the bid recurlty . . amount. ' '

. . . . . . . . ,,. the: amounts due .and parable under this. ,.Guarantee -*mount to'befflled in thb . . . 3 . . . . . . . . . . . . . .. .. Liithout any demur, reservation. recourse, .:cbnteb o r blmik sa. that :the b h k b, . , . . - ' . , . .'' . . . . . . . . . . . . . . ... . . . . . . . . . . protest and ...-...---....--. "---.... on the Bahk h a l l be thepank Guarantee format:. , : ':

. . . . . . . :" dondusive as regards adrount due and payable 4, the Bank '

a n ty - f f l led :In foi duc : ; ' . . . . . . . . . . . ':.

, . . . . . . . . . . . . . . .~ . . . . i ,under thtr..Guanntee. How&?, our Jiabittty under.: this submission to &tiiofliv:at . . . . . . . . . . . . . . . . . .

. . . . : . . . . . . . . . . . . . . . . . . ; : . . .':: :. -Guarantee half pc rutrMed to i n amount ht uceedks thetlmcof Bld Subnifsslon.: : . . : . . . . . . . . . . . . . . : . . . . . . . . . b; **.**.(Ru~~~ '**** . . . . : . , . . , :.; .

W= .me Bank, do h e d y uncdndnlinally undertab-to pay ~lndly l e t .,us know .the , : . , the mounts due and pwble under this Guarantee orqouni hi +filled::.h & - ~ d i r 9.~0. S2

. . - wlthout any demur, rkseritlon, rewuke, : $ntest or b l ~ k so that. the bhnltIn . . ...:. prbtcst ana .,-. - .-.,....-.-.-..--.- :-. on the Bank shall be. the 6ank ~uar in t i e fo rm~t . . ' .. .: . .

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conclusive as regards amount due and payan16 by the Bank. q n b e ,.filled ,.In .for sue' . . . . ,

under thb-,Guanntea.Hwever, our Uabllity :under this t h k s ~ b m l s s i ~ t o p ' + o ~ a t . : . ' : :', :, . .

. . . . . . . . . . . antee'siiall.be restricted to an amolint not u c e t & i the tlme of bid ~ u b m k s l m . . . . . . . . . . . . . . . . . . . ***** (RUPN. ***=* 0n1~1. . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . . . . . . . . .. . , . > ; . ' . . . . . :...

~ .u l s lk out of Rehabititation and Ruettlement (RBR) '& idscticed, the Authority As per RFP document document. Theriare ho provlslonr in the DCA to effectikly=over irrues may' please . ta'ke . ,, aU

. . . . ne out o f R&l( actlvltles. tancesslon~lre .ha$ very little iesponflbilitle &d. &sts .'.: - . : ' contld ovwthela. ariiin8 out of R ~ ; U actlvlties. . . .. , . . : ' ' '

. . Numsdry ;provlslons my ' . - . .

. . . . . . . . . . . . . . . . . . . . . I please .ba Included in m i ::'; .; ; 1 . . . . .

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, . ~CAiocwei'Wese ..: .:. : ,,

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. . . . . . . . . . . . . . . . . '3 . , ' . .

Q ' . , . . . . . . . . . . . . . . . . . . : . . . . . . . . . . . . . ........ . .

. . . . . . . . . . . . . . . 0 ; " , ::.'..:. \(Bl@i3ur ~ungi~rid %&fJbli O f ~ ~ - ~ . f r b m ~ f n 102.600 To ~ n i 2020dd in'ttie'&iti &f ~ i i r i i t i k a ~ d e ~ ~ ~ ~ ~ . ~ h a ~ ~ i i l air BOT~~SI 'S . . . . . . . . . . . . . . . .

:. 55 . . .

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tM1dIUons'. ,

.Precedent . :. Artlclal.~i '1 ',.: . . . . . . . . . . . . . . . . : . . . . . . . . . . . . . . . . . . . . . .

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tdndltlons Precedent . . . . . . .

Sive and umpt as expressb prodded in Artida 4. 10, 24, 3 4 . 4 and 47, the respective rkhts and opigatloni'pf the : ParUa ':under Vik greemeiii :shall .bo'&bJoci irj'. :(he .:

. utlsfactldn in full ofthe conditbns precedent spetineil in

We suggest the fdlowlng modlficatlon In thls&tide: ,

. . . ; . . . . . i . . ..

"svc.;. .j="d>.:msp't' .+ &p;&.ly.:: : fiiarldcd. :..::Iln Aitkle$ 4,6.3.l0,:24;~0, $4;.

lU per RFP docum'mt . . . . ?

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. . . . . ENCLOSURE 1

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.' 56' - &hide 4.1.2 .: : . Provided that ~ A u t h o r l t v ma'v from rime t o t i i e bv notlce.: Klndly .make thi:following' -As per RFP document. . : . . . . . . . . . . f 6 i . b to $(SF) IL& theperM for p&mring . . . . . . . . . . . . . : . . . the apprkil'set forth lnSubslausei(d) --.... ; . . . , . . . . . . . . . . . . . . . . .

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. . and mnse~tion i f ~ c ~ h c . . ,.Jndlv dP,.& , ,,#,dr

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. ..: .,, ,. .., ,: : . . . .. .. . . ~ l ~ ~ ~ [ I < H ; n ~ u n d ~ & 6 n & : f : N ~ ~ 3 .fro*.& lij;.OW t6 Kni'20jmjn th6 o f ~ ~ ~ ' * ~ ' ~ n ~ r . ~ ~ ~ p . p $ $ & : $ i ~ oir.~(n. Basis. . . .

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. . . , &&sion.. . .

. . . . . . . . . lingrf~r HOW* as per d u $ c 11.2 m e R F P . . d o w k n t is self . :.

. . . . . . . . Concirrlonaire's obtiptions~ txp~aiiatory. , , ., .

. . . . . . . . . wlth respect to b611tI.m arc , : , : . . . llmlted to vhyslcal r e m a t

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. . . .... shtfflng ' of. the ram* .for ..: .~ , . , . .' . . ., .

. . . . . Roads and Trees' i ' F I R 11.3.2 ,. ' , . . . ,

....... ..........................

'cornea any adjdnhg road to th; Project ~ l ~ h ' w y . . ro$s;?n adkrsetv aff* : :. the fhanclal vlabnlty of the ." ', . , ', . . . ' Prow+ , . . . . . . . . . . . . . . , . . . . .. . . . . . . . . . . . . . . . . . . . ? h e r . t d r ~ , ~ ~ ~ t ~ l l ; r i c ' ~ ~ ~ d f . : . : . . ' . . . . .

. . adlolnlnp roads h w l d n6i . . . , ' ' . . .' ..,,' : ' . . "

. be the ob l l~ t i bn 'd the . : . , - . . . . . . . . . . ~ . . . . . . . . , . , . . . . . . . . . . . . ,. ...: . . . . ~. - -Mrlrc;r ' , :. ,: .,:

m e Authority may by natlce rquire the Conceislonalre to Klndly modify the fdlowlM- . . . , . .

connect, through a paved road.-..and maintillned by the dauscas fdllows; , . . :&per RFPdoiument . : . . . . . . concessionaire upon .Advance Piyment of the cost to be

. . . . . . . . . . . . . ., . . . . . . . . . . . . .Concessionsire. :.. - :me: . :: . I . . : , . . i ' . . .

. , . ' . " ' . ... ' . . . . . . . . . . . . . . . . . . . . , bnaislohalre ,..~lil'::::do- :. ' ' '. . , ,

. . . . . . . . . . . . . , . , . . . . . , . : .: . . , .

. . . . . . . . . . . . . . . . . . . . . . :: actual feeNng~:,af'treC~ 6 ~ . . :.: .::,,'.'. .:.' : ' ,' . . . . . . , . / . . > : . . . . . . . . . . . . .. . . . . .

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.p5 .;, . . . . , . . , . . , . . . . ihe' :,peimW ,'bi .,to i.k :: .', :

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. . . . . . . . . . . . . . . . . . . .. .. . . , .. . . ', .;. :.

,: . : r~ en':. : . . .- : .:. abtalried by ctie~uthorlly:.. : : 'XI .". -

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../ ,,

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. . i . . . . . . ! . . . . . . . . . , I . . . . .

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- . i . . . . . . . . . . . . . .

' made by the .bmefklw enmy l n accordance with t he : amount and period .I deth l i ied by ly'th; lndebmdent

. . Engineer. . . . .

7 h e :.Authority , &yj :by . . . not iu -. requlre the

mn~sionalre.to+n&:;" ~ u g h a p ~ v e d r o r d . ~ a n d i . .

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ENCLOSURE 1

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. . .. . ;:. : ;,jab"; kun&nd:se&on~~uk-13.&$im 102.000 T ikm 20Zidn tha.SbG.of Ka,ti~uk~;;~der.~~PP~hjSe~:lli onBoi$&s

' BBapur Hunwnd e o n M NH-13 from KA I@.~o 1; K~ ~02.&.~hr;.StabofI(lmaGki$n~er.iHdP kj,be Basis . ., . . . . .

-

Conditions . . Pd'cidcnr . . , ". . , : , . . . . . . ~p~CIj?cd in Uduse 4.13 or - . .' . . . . . .

due to Forte MoJeurc.~:' . , 1n.w. Authority is not'abie: ' ,

to s a W the . Cdndltion . : ' .Precedents required to .k. dohe by :Authority bifcie thr.Fiiiancial U o w i date. . . in addition to d a e g u D ~ V I U ~ t o ~~n~e.Ul6imlra :

. . . . . . . ENClOSURE 1 1 &#I ih :d . i l :a . - ,. . - .

>.,: .... . . , . . . . . . , ..

... :. ':. 1 . . \ the prooortlon- of actual I . . . . . . . . . . PCU ... to . . . . . . . . . .. 2,4,166 .md .,: . . . .~ . . . . ... : . . . . . . . . . . . . . . , . . ~. . . . . . . . . Raaliioblc- .,F& '.: & ': :, . . . . . . . . , . .

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proport~onst&ty io+&ddi . : :) . :: :. : .. ' . . . . . . . . : . . . . . . . . . . . . . .

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. . . . . . . . . . . . . . . . . . . . . . . . . . . . So kindly dj&: i f ,24166. . . . . . . . . .. , . , , . . . . . . . . . . . , : . . . . . , . W'S ii.Tdirbk ~ ' k ~ s - d ~ ~ . .~', . :. ' . . : 1 , . ,

. . . . . . . . . . . : , . . > . . . . . . . . " - . . . . . . . . . . . . . . . . . . : . . ", .& :: . . . . . . . . . . . . ..... . . : . . . . . . . . . . . . . . . . . . . I . , . . 1 . ' : ~. . . . . ? . ' , ' ,, 1 :.. . . ,, .. ,

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' '

IU.. ,, 265.2~0l.11 Dw ,me Pam. hereta agree M a t If the awraa daily fe6 1 Seasonal , vanation . :of 1 t6 w R F P d o M m t . , . I

. . . . . . . . . . . . .. . . . . . . feb"dnve',determined under chis daur e 26.5.2 exceeds the,f average daib ..revenue fee I : 1 .

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;hj : :: . c.> . .

. . , . ENCLOSURE I I X*l i i td.* : : :. ', ,' , '+. . , :*' e* .; . . .

. . . .RelmrkS ,.:. .:..., ..... In this miaid, we request you t o prddde siKtlan dsc

. . . . . . . . . . targ=t.thffii: . , . . . . . . . . . . . . . . . . . . . . . . . . HMIoocnb(l.. ",

. , S SeRBns h&( . . b c b a r d . on -:no, of ,..toll

, . plazas .. propeed oh ... :the . . . : . . Projea'Hlghway. .: , ; , ,

. . . . . . . . . . . ' . .' . . . . . . . . . . . . .

. .

. . ~ l m - &a1 :Ti.tos:'io . b i compared , : . ~ t h . :tar&

. fGmc *,,,jId .be ,,&,,.&

wul&& :ivink ;df . . au. : ,:a.i,$;. -1.

. . . . . ........... TRfflb:b th..,,&:Ton. p I . ::

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'' Article 29 , i ; - Modifimtlm in the a n c ~ ~ l o n p* Kindly darify what i f actual Effect of . . tmfnc 'exceeds : deslgn

mffk of bCU in any Acc6utiting year capam : In one o f : the K& cap=* of the prepa *Etloris G&**,: exaid ,a= darned for 3 rkminiirg. ,&Ell&='.woi,ld . . . . . . . .

. . . . mlnp yean fallowing thereaR6r;an Ind l ra be t;ertedi ; . . -shall be deemd to om=e# . . . . .... . . . . . . .: :

. . . . . . . ,;: . . I . . . ri* mry 1'n.b d k c r ~ t ~ o n , t ~ i n a t e thk.~~&,,~,,~-- . . . . . . . . . . . . . . . . :

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. . . :::I . , A , . . . . . . . . . . . . . . . . . . . . . . . i : ; , . . . . . : . :, . . . . .

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,: : ' : ;. , : ' . . : . . . . . . . . . .

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. . . . j. - : : ,: : ' : : : . . '

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.. . . . ..:...

. . ,:. . , ' :: < , . .' ' .

, . > .' . . . . ' , . : .. , .

Refer &no. l 3 2 , ' , . . . ' . . , . . . . . . . . ' . . . . :. . .:. . . . . . ~

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... . . . . . . . . . . . . . . . ... . , . . . . : . . . :. .

. . . . . , . , . . . . . . .~ . , .. 81japrirHun&jtiij:$&ic;n M N W . ~ ~ ' & ~ ~ ~ loz.& Km ZOZ;&bl":&aiei d,~~;;l;lta;i;;:~;~i;~~op$kai~ll,b~.BO+ ,Bjsk

-.J

.

& per RFP document

. :: . . . . . . . . . . . . . . . ... . . . . . . .: :'. ,. , . ,

: . : . ,:. . . . . . . . . . . .. . . . .

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..:. . . . . . . . . . . . . . -1. , ..; :iLi. ::.,

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. . . .

. , Addltlonri Tollway ;

. . . . . . . C!a"si ..5.3 . ~ n - : ~ j i k : 26.

+ mWtions ,--. . ntit'hu the

. . . . Authority. : 'nor ..... : ,.... ;.. ;

, . . sat- th'e::lOch':.-penth); mh'erjaiy . ,of. : . : h e

, . . . . . . . . Appointed Oate;..'co~iitiitc( '

. . . . . . . . . . . . . . . .;. . . ... ~. , . , . . . .,;

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. . . . . . . . . C7 '.. . . : 63

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: . . . . i..

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i : ! : prG&<6-; .:.. ;,.t,ih :.;; ,:. "0 .

'.

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0 . .

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: .

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...

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or tau* to :be 'cdnstycted" ... .any'tompit~i-,g Roads' :

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' ~ u t anuse 30.i.1. mentlonsi- .-"&thdtv :shan.mt&-cr.i3nd .

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:

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: .:: 1 ' : : ' ;' ' .: . .,. ,.. , .. . . . .

Govkmm&ii'l~jttumenmj.~. ., .. : . . . ..

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. . . . . . . . . . . . . . . . . . . ' challeke..of .the:. award.. : . , . 9 . . .

. . . . . . , . . biaudlng the"'g&d' th(. ' j: [ . . .::

. . . . . . . .. . . . . . . . . . . . . . . . . . . .

. . , . . . . . . . : . . . . . , ,

. . . ; . , . . . . . . . , . I ' . . . . . . .:. . . . . . , : the award' :k "cintm* to::'

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:. .... . . . . . . . . . . . . . . . . . . . . . . pub& . '.. :poll$. - * P U ~ I I = - '. .- . . . . . . .

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. . . . . . . . . . , ..:. ; j '

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ponw &..bcii..gi&ca.. :.. : :. .. , . , .

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.. , , , . . 8 . .:.. ! :,. : .:..

. . . . . . . . . . . .. ... . . . . . . . . . . . . . 4 : . . : wide ,,,.j"l& .wi&, .rerpcit..

,,b' . . , . . . . . . . . . . . .

:. . . . .

> .. ; : . . . . . . . .

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. . . . , . . : > . to ,..e omertic.,,, ,i&,r -. . . , . . . . . .

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. . 8

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. . : Tkerifbre; Chuse+.3.3 WUL: : j : : :

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'. be rubj& to:iny,ehdneniC. ,:.:.'i : ' . 1.. , . ' .~ ,

... . ........ . . . . . . . . . : . .

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M*bb b:&d-~d&+5ection~, ' : :': ..:.:.:;.. ., :. . . . : , . .

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3,.,jfthh Mt' ' . . . :, , . : : . . :. . .:-:: :; .:.. 2 ,,! :: ,,: : . , . .

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,.. - . . I

. . .

. . ps'.

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. . Arbitntbn ..: As per RFP.donrment : ":. bf*

. . . . ' . :,. . 'i . . W ' irn 202.000 in.fhe Staie-~f kainarii untlii~HbP ~ , , i~~~ , , , ;" &T.da=,r ;-. . . .

. . . . . . : .-. . . . . . . , . . . . : . . . . . . . . I : . . . . . . . . . . . . . . . : . . .' ..: :: .;: : .- . . . . . . . . A . ,

. . . . . . . . . . . . . I : . . . . . I _ . . . . . . . . . . . . . . . . . . . . . . .. ::.: , . . .

. . . . . : . . , . . . . . . . . . . . . . . . . . .,.

..: . .~ . . . ' . . - Hungmd r s ~ M : ~ f ~ . i ~ fi& ~(m ib2&btb ~~jl'~&;O~i,, && g{Kain,$lii., . . . . :. . . . , . . ,. . . . . . . . ........ . . . . . . . . . ,. .

. : . . . . . . . . . . . . . . . . . .' . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . , . . . . . . . ; " ? - R l ~ b f ~ . Ddr.d : . - . ,h#ylddlk.Ih.

. . . . . . . . . . , .... .: . : ,: .; wia&ti..& :. ..;: , ipl M- I - ~ O . ~ ) ~ G & A O ( W ~ U ~ ~ ~ I O T ~ ~ . ~ H ~ W ~ ~ ~ ~ ~ ~ I ~ ~ . .... .,..

. . . . . . . . . .... ' . I s n d ~ u i s ~ I b r t h b ~ . . . . . . . . . . . . . . . 0 . . . . . . . . . . . . . . :. . . .

. . . : I M L.nduqul*tion ; KhW-.dum~dknbrqd=%oaTaU.prqvbiorof~mnib~(~~~n~~(iadh~wid. ' . , ; L r n d A e q . i r i l i a L o n ~ i n ~ :. . . . &H&mbMikpl.(l.l15n)'~ . . . . . . . . . . . - . ~. .: .

. . I ' .:: 1 9 3 . ~ - , . . ', 'idly dare . . . . . . :: 1% ~ ~ s i y d ~ ~ d s n ~ ~ w * t b r n y ~ ~ ~ ~ b r t h e & j m ~ , Mbr vide: . , . , Al

, ..

. . . . , . PrRFP&cu!nmL Comm)auL1 . . * ~ ~ ~ V O Y ~ ~ U . ~ S V Y M

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. .

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. . . 4 .:'. : ' .

. . Like 3hX 3(A)snd %(DO . . . bnd wcquklliar on~oing . . .... . . . . . . . . . . . . . . : ; WM 1 m ~ n i ~ i A tore* %aa . . . . , . . . . . . . Corlsatianrjrs m imesligntc

. . .

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. . . . . . . . . . . . . . . . . . . . . . . . . . . . . I . . I , : . . . , . . . . . . . . . . . . . . . : . . . . . . . . . . . . , . , . . , . . . . . . . . . : . . . . . . . . . . . . . . . . . . . . .

. i . . .

. . . . . . . . . . . . . . . . ,; : , . . . . . . . . . . ..:: . . . . . . . . . . . . . . . . . . . " . . . . . . . . . . . . . . . . . . . . . . . . . . . . / . . . . . . . . . . . . . . . . . i .

. . . . . . . . . . . . . .:.. ... . . . . . . . . . . . . : . . . . . . . . . *;.: ;: >.. ,:. . . . . . . . . . . . , . . . . . . . . . . . . . . . . . . . . . . . : . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

, . . , . . , . . . . . . . . . . . . I _ . ' I ... . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..... . . . , i . , . . . . . . . . . . . . . . . . . . . . . . . . . . . .....

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ENCLOSURE 2 IiCaIi3di3-.

; :s;;ction pf ' '~H59 from & 4.200 to I& 1&;420 in th i state of KarnataKa through .public-private partnership

' , (PPP) on ~ e s i ~ n , ~uild; Rnance, Operate,and, Transfer . (the "DBFOT") basis ~ r o ] e d . .

Fot.the avoldance o f .doubt; the Concessionaire hereby acknowfedges and agrees that shall not determine or . .

'collect Fee from Users who OR only use part of the

. . Project Highway ,situated on any one side of the Toll Plaza.

13 from' Krn. 102;000~,fo .krn 202.000 in the State of Kamataka. .thro&h. Public- Private ~artnershlp (PPP) on . ~esign, Build, Flnanci, 0pe.Gte and Transfer (DBFOT) basis 1 Project" , . , . . .

Far the. avoidance .of .doubt, the. toncesslonain hereby acknowledges and &regs .that. it shall not determine or collect Fee fro; Users ivhb only use part of the Project

I Highway which is situated between the two Tolt Plazas OR I only vse:pon of the '~rojed .~ jahway situated on a n y one

. . . . . . ... . . . . . .:. . . . .

, 4 1 se~urity; . . . .,,.

I The bld due date has been e'xtended to.~6.11.2009.' .

Mote: q i e m a d srnrl lirmn~c'rnent is teatntlve an0 tire snmc shall be flnnllzed In consulbtion, 1 qdth Lrrlentiom Authorih Q 1C:Anr cbanee in smn arrnneen~int shall not be tre?ted as chanee in l or wo& . . . -

1 R&ed A ~ ~ n d i x RXV 1 a - I

1 1 Detalls of nnv Minor Bride= and Rekrbnitntlon/ite~air hidenine of Existinc Minw nrfdea

. . I B, &-habilltntiool~e~~,a~r and Widenir afl&btinn Minor Brklgcs

I ~ 1 p h - m : 9l~ll.w)741~4200

&yft~~a:.91.11-25Q)35OJ 1 -14 . "

. . . " " . . " . . . . . . ' "" ' - .. . . . . . . .

i . :. . . . . . : .: [~inist&of Shipping, ~ d . ~ r a n s p o r t and Hiahways)

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. . . . . . . . . . . : . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . , % :.:.. . . . . . . . . . . . .

. . . . . . . . . . . . . To <:, : . . . . . . . . . . I . . . . . . . . . . . . .:

. . . . . . . . . . . . . . . . . . .

. . . . . ~ 1 1 Prc-~uaiified Bidders (As per ~ncloscd List) . ' . . . : , . .

. . . . . . . . . . . .. . ., . . . . . . .

I ..: !' '.. . . .

. -- . . . . %. . '. . - Sub : ~ o u r ' ~ r u & of Bijqnr - Hmgund Section of Mi-13 Fmm Inn l & . ~ to km 202.m in " ,. , . ,, .

the State of m a t a k a on Daign, ~ u i l d , Finan=, Operate, and TNvfcr ( . D B F m B"iS . , NHDP IfI (Package . . . . . . No.: NHDP-rmSOTlKNTIO5)

. . . . .

Sir, . . . . .

Pleare find nrjo,se along this letter Amendment to RFP [ RFPVO~IIC - @nfl : . . .

Concession Agnema~t ) and RFP V o l m ~ - I Onstn~ction to Biddm)] for the w o k mentioned above

. . -

Encl : As above . .

. . . . .

. . . .

UI of sltori listed bidders for the project of Fo11r Laning of BBpur -HungrindSedon of m - 1 3 : .'

;Fn* km 102.WO to kin ZOLOUD in the Simr of Kar~~a iah 018Desigt1, B~lifd, Phmce, . . . . ..

Ooerute md Transjier (WBFOT") Bflr;s wider NI~DP In (PacFagc .A'+ N . ;:. , :. . . . . .

. . . . . . . :~irno~/amos~ . . . . . . : , . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . .

Gammon lniiastructure hojects Ltd. . . . , ., . . . . . : . I . "

. . . . . . . . . . -Ga&n House, Veer Sawliar Marg . .

.... . . . . . . . . , . ,

:Prabhadevi, M~~rnbai 400025 . . . . . . . . . . . . . . . . . .

: .. : M a b ~ t r i l . . . .

Fax #. 91-22-67444025 . . . .

. . . . . . . . . . .:: . . . . . . . . . . . . : ' 'E-mail : lcb@gammonindie.com . .

. . . . ' , 'j Kind Altn : Mr. Xsl~itiz B h w h

. . . . . . . <.. : . . .. . . . . . . . .

-_ 2. . .JDFC Projecis Ltd. - Punj Lloyd Ltd Consortium

. . . 6th Floor, The Capital Court Olof Palme Mnrg, Mmurka . ,

New Delhi - 1 10067 Fax No.:O11-26713359

' nthar.sbahab@dfc.com Mr.Athar Shahah ,

Sadbhnv ?fause, '

upp. Law Garden Police ~howki,. Ellisbridge, Ahmedabad - 380 006 Tel : 079-2646 3384,26405687 ' . . . E-mail : niti@ndbhaveng.com . Fax # 079 - 26400210

q . Buildcon Ltd.-PNC-VHPL Con~ortium Asllob House, Ashoka M u g '

. '

Vadala, Nashik 42201 1 Mahamshtra: . . . .

Iiox # 0253-2422704 . . &&I : surel~.mg~ashaksb~~iIdcbn~m . .

. . Kind Attn : Mr.Suresb M.Wagh

, ., . . . .

. . . . . . . . . . . . . . :. s . . . . . UT. Ltd, . . . . . . . . . . . . . . . . . . . . . .

..Mo@ Poonamali&Road. . . . . . . . . . . . . . .

: . . . , . - . . . . . . . . . . . , . . Mdiqml&atn, P.B. NO. 979, . .

' . .:: . .:-nai -600 089. . . . . . . . . . . . . . . . . . . . . . , . . . . Tel:'2252 6000 . . . . , . - .-. &ix:.W-22528724, . . . . .

. . . . . . . . . . : . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . . . . .' ::., 6,:': patel pat el.^ (A9 . : . . ,.: .

Patel Ijstatc Road, Jogshwari (West), . . . . ' ' --..

- . : Mumbai 40010~,Mahamea . . .. '..

. . .

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.. : . . . . . . ,~f lmbad - 500 034 : . . . . . . . . . . . . . . . . . . . . . . . . . . . . . < .: . : . > : > . : . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . : . . . . . . . . . . . , . , . .

. . . . : . : ...%el : 040 - 2332 8338 . . . . . . . . . . . . . . . . . . . . . : . - .. . . . . . . . . . : . . : . .

. . . . ? . . . . . . . . . . . . . . . : , . . . .< . . . . . . " . . . . . . . . . . . . . ; ; : . , i . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . :. . ' . : - . F ~ :..040 -23.32 8446 .: . . . . . . . . 1 . . . ... . . . . . . . ; . . . , . I ., . : . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . , . . . . . . . . . I

. . . . . . . . . . . , , . .- . . . . . . . . . . . . . . : .:. . . . . . . . . . . . . . . . . . . . . . . . . . " . . . . . . . . . . . . . . . . . '- . : . . . . . . . . . . ~ ~ . . . . . . . . . . . . . . . . .

. . . . ., \ ; / _ . :. . : . . ':* . , : : : kREI&uantia-~s~ ,CO~SO~~~UIV . . . . . . . . . . , - . - :j -. :. ;: : ' ( . : - - . . . _ . . . . . : . . . .

. . . . . . . . . . . . . . . . . . . . . . .

. . , , . . . . . . . . . . . < : _, _. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . : : . . . . . . . . . . . . . . . . . . . . . . . . .... . . . . . . . . . / . . . . . . . . . . . . : . . . . . . . . . . . . . . .

. . : .: . . : :'I. ~i.fi,w*&, ' . . . . . . . . ..:. -..: :..: ' . \ :., ' . " ,. . . . . .:. . :.. . . . . . . . .. .... .......... . . . . . . . . . . . . . . . . . . ........ . . . . . . . ...

. . . . . . . . ., , ..;..: .;:. ,.'.... \ " . > . :: ....:. ...: . . . . . . . . - :..86~:~dpak Raid (s) ' . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . : . . .... . . . . . . i . . : . . : . . . . . . . . - : . . : : . . . . . . . . . . . . , . - . . . . . . ..:.:KoUcah 700046, West BenBl, ' : ; :, . . ' i, .':' . . . . . .: . . . . . . . . . . : . . . . . . . . . . . . . . . . . . : . . . . . . . . . . . . . . . .:...... ....

. . . . . . ', ..:!'.,r;nx.g033-32857542/8501 . . ... ';'

:. ' . - : . :..-:,, : .,: ': ,, ::,.\{:,':., ....... .;.,:'.,,;'>:::%:..:. . . . 2 . . . . . . . . . . . . . . . . . . . . . . , . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . > . : . . . . . . . : - . . , ' ? I ' . . . . . . ;. . . . . . . . :E-nrail,: prth;.chaadhury@lXi.~m . :, ,.

. . . . . . . . . . . . - . . . . . . . . . ... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ... . . .- - . . : ' : . ~ i " d Attn : ~,~.P.Chaudhury . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . .

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. . . - . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . , , '~angiore ., . . . . . . . .

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, ':'560029 . . . . . . . . . . , . . . . . . . . . . I . . . ' . , . . . . . .. . . . . . . . . . . . . . . . . . . . - . . . . . . . . . . . ' . . :; NO.: 050110432692 . . , . . . . . .

- ., . . . * , . .

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i . . . . , . . . . . . . . . . . . . . ....:...:........ . . . . . . . . . , I . . . : . . : . " ' : " "' ' ' . . . . . . . . . . . . . . . . . , , . , ;,,, ,: ,:.. :.:: ..'.'.".':;'~. . . . ! :

. . . . . . . . &i.hi&ig:of 1(ifi$"+-:~~@nd:~ettio11 OPNH-13 From km 102.000 to km 202.000 in the sfate' ,f Karnataks.~h,~e'&gh. Build, Fimiu5i;' .. . . . e* bd.=&mfer. 'Basis uhdtr NHDP III (pafikd NO.: NHDP-~TL~BOTKNTIOS) .:. .::. '. : , . ::i. . . . . . . . . :. .. . . . .

. . . : . .

'

CIausd ; ..Bescription. .; . .: . Aspar DW .... . ,As mbdifid ! ' . . ' . . . , , . . A h . . . . . . . . . . . . :., . . . . . . . . . . . . . . . . . . . . . fails rb.rt.pair .or +tify.any defect or deficiency set.

fortb in ., , the Maintenahe Requireinents Within the period spccificd -therein, ,it shall be deemed, to be in breach or' this, ~ e t and, the Authority .shall be entitled, from such date; to recover Damaps, to be calculated and paid for each' day of delay until the brearh is i u r 4 at !he higher of (a) 5% (five per cent) of Average Daily Fee, 'and ,(b) ,I% (one per cent) of the cost.of strch repair or rectification as estimated by the Ir,de+ndent Engineer, for the balance period of tlx

. . , . . . , ' ? I . . . . . . . . . . . . . . . . . . . . . , . .I . . . . . . . . . . . . : . . . . . . . . . . . . I . . . . . . . . . . . . . : . . . . . . . . . ; . . . . . . . . : . . . . ...... , . : . . : . .... . . . . . .

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: . /.. : . ' ' . . . . . . . . . . . . . , . . . . " . . . . / ' ... .:.: , ..; ...' . . . .... . . . . . . .'.!?' . , . .

: . ;, .',' . . . . ;. : .:: ....... ' . 'F&r'Gigpf ictio*af m-,, F- 102.000 ~ b . k+2@00d.ia tl,i $&of bataka .ckD;sib, bbi,d. T... -1narici; . . " . , ,

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.-:.:.,.;..~i: ' ;;I. .: : : . . :

. . .

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; . : . . . . . i' .; . . . . . . 3 . . . . . . . Asazodifed

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . , . . . . ,

Pbsolutely or on sakh exmsion of conffission pcriod as a s s e d under the. :Dl'%. or . o n the failure ' .of the Con.cessionain .bj 'undeitake "such au'gncntntion on the due date- so -intimated. by th6, Au,thority, an Indirect PoIitical,Ev+t shall l& den'ned to have oicurnd and the Authority may .in It's discretion Terminate this Agreement by iss~ink a,~e&ination Noiice and making a Termkition Payment under and in accordance. with the provisions of Clause 34.9.2; without the Authority being liable to issue . any turther ' notice , under this provision ' , , . , , . ;

. . , . . . . . . . . . . . . . . . . . . . . . . . . . . . . : . . . . . . . . . . , I . . ' . . . , ( . .

For :aWjidance ,(lr gir~6i::the ,&titi. .d&r&'.&at an avetdgcdaily 9fficaf60000 PCUs'shall be dtcnicd tb be : the ,designed .-capaciry of the 'Four-Lnne. hoject

; . . . . . . . . . Highuley.. . I .:. . . . . . . . . . . . . . . .......'... . . . . . . . . . . : ;.: :: 1,: ; :'; .: .,. : :.

~n the .event b a t %: ~oncessiomin, Fails to &air or- rettify :any . :def& ;or ,deficiaicy . s'R for?ti'. in the ?4aiinte&ncc Requimnents +thin th'e ptriod specified thercin,,.it ,shall be. detrded to be in breach of this Agreement ,and thi';A:ithoriQ shdl ken t i t l ed to recover Daniagw,'to be bcbula* and paid for each day of aelay until the brlach is cored, at the higher c ~ f (a) 0.5% (zero point five per cmt) of Averap @ily Fee. and @) 0.1% (zero ~ o i n t one per cent) of' rhe cost of such repair rectificktion as estimated by the .Independent Engineer., ., : . . .

... .:..:... . . . ' . . . . . . .: .: ,,; ,: ,.. : . .I.: . . .. . . . ~ o h i r i t t s t a h d i ~ iinyUiifrg.,&oktairied' ki ii.this'Ayeernen& .should. th6 aetital effic .,exceed ,.th& ,design cnpncity,

:. di&g ~~y~ye4ir :or~p&t fbktof Piid the Cancessionain . . . . . . . . . : . . . . . - ' . _ : . . . . . . . . . . . . . . . ;, . . . . . . . . . . . . . . . . . . . .. ,

. . . . . . . . - . . ; .;. * . . ..: .: - ~ & 6 d . T & s f i i ("DBFoT~ h i s urideiNHD~ III (P~&hge~No;:,~P-rmBOTlKNTI05)

. . . . . . . Asper DCA . , : ' .: . . .

' .

. . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . , ..

. . . .

. . . . . . . . . . . . I . . . . . . . . . .

in, fai1s.m reppir or ency set forth :.in th,e

\riain the pribd specified be deemed' to be- m breach of '&is the Aut$o~ity shall b e .:m&tlcd to

and paid for each day s cured, at die higher of (a) cent) of Average Daily Fee,

per cent) of the cost of as estiniatcd by the

neer. Rccovny of sucl~.Darnages shall ice to the rights 'of the Authoiity under

. includiig . the . right .pf Termination .., 6 . . . . - ' . . . . . . . . . . . : . . . . .: . . . . : . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . . .

. . I ,. :. .' . . . . . . . , ..: . . . . . -. .

. , . . . . . .. , . . . . . . . . . . . . . . . . . .:.. i ' , . . . . . . . .. . . . . . . . . . . . . . . . , . . . ., . . . . . . . . . . . . . . . : . . . . . . . . . . . . . . . . . i . . . . . . . . . ' . . . . . . , . : - .

." . . . . .,: ! . . . . . . . .

. . . . . " .:t .

. . ' . . . . . - . , . . . .

. , . . . . . . . . . .~ . .

. . : . . .... . :. . . . . . . . . . . . . . I , . . . . . . . , . , . . . I ' . . . . . . . . . . . . . . . , : : , . . - , . " . ' . . . . . . . . . . . : . . . .,.,

. . ..' . . . . . . . : . . . . . . . . . . . . . . . . , ! . . ' . . . . . .,.:., . . . . . ; . . . . . ,. . - '

. . . < : . . . . . . . . : . F ~ u r 6Ag'$f B$* - ~ n n g ~ n d Section'bf NN-,l3 From kni 102.0Ob tb km '202000 in thi'SGt6 of Ka&bka on ~';si&, ~ u i l d ; F&;iicc; .

. . . . . . . :' . . . -@ma& ,aiid ~hnkf6r.(".~l%ko~) B&:Sis und6fNHDP 1l1 (Package No.: NHDP-IIIIBOTIRNTIOS) . . . . . . . , ,.. CIa& J :. . ,Qesc&tion Asper DG4 . . . ' . . As modifled

. . . . . . . . . . . . , , .

iurn Member) t.6. O&ership; . . , ' . . . . . . . . r to .COD, .shall . . - . .

. . . . . . . . . . ' ._ :. : . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - . . . . . . . . . . . . . . . . . . . . . . . . ... . . r . . . . . . . . : . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - " . . . . . . . . . . . . . . . . . : . . . . . . . . : : ' : : . . . . . . . . . . . . . . . . . . . . me yndatake or permit any Change in i t ~ h a l l ~ t io rime und~rtakc a permit fly Change in

in accordance wjth the provisions bf Ownerqhip extept in accordance' with the provisions of

. .

. . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . .

its Member or ml Associate tllereof (or any shapel~older thereofbring a sl~archolding of more than 5% (five per cent) of the paid up and nibscnied share capilal

. . . . . . . . . . . . . . . . . . . . . . . . . . . ; ::.. ,:.... : . . ; . . . . . . . . . . . i..:. ... . . . . . . . . . .

. . . . .. . . ' 6 . ' . . ; . . . . . . . . . . . . .. < . . _ '. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. s.3. ". : :. . . . . . . . . . . . . . . . . , : . . . . . - . . . . . . . . , . . . . . , . . . . . . . . . . . . . . . , . .

N , , . , . . . . .: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ... ............. :. . . . . . . . . . . . . . . . . . . . ifs.. ::. : :,:;.;; .:...;.:.*....... ; ; . . . . . . . . . . . . . . ,. . ....

, . ,. . , . . . . . . . . . . . . .

. .m.:. . . . . . . . . . . . . . I . . . . : . . . ' . . . . . . . . . . . . . . . . . . . . . . . . . . ..,. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . : . . . _ . . . . . " . . - .._.i.

( . . . . . . .: .:: : . . < ,_;.,, , . . . . . . . . . . . . . . . . .

..:. , ' . . . . . . . . . . .; ,..

. . .... . . . . . . . . . . . . . . . . . . . . . . . . " . . . . . . . . . . . ' . . : ;;.

. . . . . . . . . . . . . .

. . . . . , . :.. . . . . . .

! :-: . ,

. . . . . . . . . :. : ::

. . . . . . . . .

. . . . . - . ' ":'.

. . . . . . .

. . ,

. . . . .

. . , . , . . . , . , ., . . ' . . i . . . , . . . ,. . . . . . .

, .

-- . . - - - . -A - -- ... - .-.- - . __ - ..

i L I

.- - j . * . + - ' I .

; .. . a .

...... . . . . . . . . . . . . . .

: . ; l . , . .' ' . . . . . . . ....

. . . . . .!. . . . :. . . . .

. . 2 . . . . . . . . . . . . .

. . . : . . ' . . . . , . . . :. 6 ; ; . . . . . . ; . . . . . . - . . . . . . . . . . . . . . .. , .:. .

. . :...A ...... . . :. . i

. : '. ., . " ~ d ~ f b&ng of ~ i j ~ r ' . S t d i b b ? f ~ - 1 3 From Ian 102.000 trr hi 202.000 in the st& of Karn&& b&,~ci; i 'gn, 13dild; ~ ' i t i i d e . . . . . . . . . . . . . . . . . . . . :Optrkte.and Tiansferr'DBF@T') Brisis under ETHDPISI (~akkagt N~;:'M~~DP'-'oT&N'T/O~) 1 . ,:.: .., . ,.':. . . ..:.: :.. , . . . .:., . . , . . . . . . . . : : ' . : ' A s p # r W P . . . . , . Asmodified :: . ,

I. . . Associaie. is lesd thah '5% (Eve pet 'cent) of @ic othgr .Bidder. i a Mc~nber or Associate. is less. . . . . . subscribed and paid up equity share capital tiiaxbt than 25% (twenty five p i r ' cent). of tine

. . provided fitrtlrer that this disqualifiaiIion sll8'11 no1 subscribed and pnid .up equity sharc c?fitnl apply. to any ownership .by ' n bank i~lsumcc .. thrrtol; provided furtl~er that this d'isqr~;rlilic~~iar ,

company, pcmion fund ':or, a public finmcial' shall not apply .tn any ownership by o hank . . institution &emd to in section 4A of the insurance compPay, :pension f ind or a pubiic . . . . 'Companies Am. 1956. For the purposes of .&is C ~ K financial institution. +fcmd to in sectio~~ 4A of

2.1.14, indirect shareholding held through ow or more . t h e . C m ~ ~ p m i ~ Act, 1956. For die purposm of ths infemrdiatc persons shall be co~:~utcd as follows: Clauk.21.14, indid slm~-cholding held. through (na) Mere any intcmudimj. is contmllcd by a person through mnnagcnmlt gntrol or othawise. the enhin shveholJmg held by st~ch wntrollcd inrdimdlvy in

. my ofher person ( the 'Sifbjea 'Persun") shall .be

~0hWOlling pcnon'iu t1rc Subjecl Penori: and (I*) subject a l k y s to suhzlnusc (an) aba\.e, wlrcn a person doe, not exercise control over ul

i~~temediary, which has shareholding. in tlre Su5jecl Person, rhc ,computalion of indincc shsnholding of such pa so^^ in the Suljcct Person

. . . . . . . . . . . . . . . . .. ,. . . . ' _

. ,. , . . . . . . . . . . . . . . . . . . . . . . :. . . . . . . . . . . . . . . . . . . ..: .:, . . . . . . . . . . . . . . . . . . . . . . . . . . . . . , . . . . . . . . . . .

........ . .

. . . .;.: : . . . . . . . . . . .

. . . . . . \ . . . . . . .:.. . . . . .: . . .

. , ' . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. ...

. . , - ).;. . . ,<',... .- : " ' J

. . . . . . . . . . . . ,so'oiii ui&f ~ i j ~ ~ ~ f - , & & ~ s&tion.of ~ ~ - 1 3 E~& k r a ' l ~ 2 . m . . tolan 262;000 in fhi $Gte of I(atni*ka ai l ,~~~i&; .Qci ld; 'ginrince, .; .: . . . . . .

: ..Opkrab.&h.d Trihsfei ("DB~OT;) Basis ude r MI[DP CLI (Package No.: WDP-IIIIBOTKNTIOS) ;.. ..:: :. . . . . .. , . . . . . . . . . . . .

. Aspcr RFP Cluure ... ,. DescpiiPn ... . . , AS modifid .' ,.

tdSrcatr&p . 2.20.7 Ih= Bid Sbcurity shall be ..forfeited and .2.20.7 The SdSe=urity shall be forfeired and

... 1 appropriated by t+ Ayeority as muhrplly aped . . appropriated ,by the ~uthoiity as mutually agreed . . ' . 'genuine pre-estimated cornpens&on and damages genuine pfeGtimrited compensation and damages . I : payable to the: Authority for, inter alia, time, cost payakle to the Authority for, intei alia, time, cost j and'effort of the Authority without prejudice to any and cffon of the Authority without prejudice to

other right or remedy that may be available to .&e any other right or remedy that may be avnilable to i . 'Authority hereunder or otherwise. uncier the . the Authority hereunder or otherwise, under the

. . . i . . . following conditions: . . . following conditions:. . ::. , ' ; ' . , . .

. , . . . '

. . . . . . . . . . . . . . . . . +; . . . . . . .:, i . . . . . . . . . . . . . ' . . : I . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . " . . . . . . . . . . . . . . . . . .

> . . . . . . : . I .' . : .. . . . . . . ' % _ . , ,; . . ? . . . . . , . .

. . . . . . . > ." . .;. .. . . . ; . . .. .:': . . . . . . . . . . . . . . . . . , . ) : . . . . . . . . . . . . . - . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . * . . . . ..:.: : ,.:, ,;. :;:,'ndieir;llmi - 111 . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . ; .... : .. . . . . . . . . . . . ;:,. . . . . . . . . . . . . . .

. . . . .. '-1 :" . . : . . . .

. . ,,, . . . . . . . . . . . . . . . . . . . . . . . . . .i . . . . . . . . . . . . . . . - . :. . . . . . . .:, . . . . . . . . . . . . . . . . . , . . . :

. . . , . . . . . .

. . . . . C~POSI. .'.! "

; ; . , . .. . . . :. . . ., ; . . . .

. . . . , .

' . . . . 1 . . . . .

- . . . . . . . . . , .

. . ... . .

. :. ..jb~~riilptiOn I ! . , , .: . . . .

, ::.

. . . , . . ,

computation of indtcct shareholding of such person intermediary, which has shareholding. in the

otheiwise, the entire sheholding held by such controlled htcrmediruy in any. other person (tho "Snb;ject Peba") shall be taken into account for 'computing the shareholding of such controlling person in the Subject Person; and @b) subject always to subelause (aa) above, where a person. d o a not exercise contrql over. an intermediary, which b. shareholding in the Subject Person, the

" is controlled by d person through management control or~othccwise.:the emire sharcho!ding held by subh controlled intumediary h any other person (the YSubJcct Ptrson") shall be taken into account for.sompMng.the shareholding of such controlling penon in the Spbject Penon: and @b) subjwt always to sub-clause (aa) above, whet$ a puson does not exercise control ova an

. ' . .

. . . . . . . . , . .

. .: A S . p e r ~ ' ~ ..:.; .: om or more in te&edipmans shall be computed

' . as follows: (aa) where any intciimtdiary is controlled :by a pasori through marugemat control or

. . ; . .:.hm'.Odifit!d . . :.: .....

. . :Cli~fe 21.14;indtreot shareholding held through ' one o r Imore . intmediatc - persons shall ' be

- '60mputed cu f&iiciwi:.(aa) where any intirmediary

. . . . . . . . . . . . . . . . . . . . . . . . . . . : : . . . . . .. ' , . . . . . . ;.:;-' , . . . . . . . . . . . .i.'. :. .: . . . . . . : . . : . . . . . . . . , ;. ., ( , I . , _ ' . > . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . , . . ...

. . .., * i . . . . . . . . . : . . . , . . .

" 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ... .* . .' ' . . ..,, . ! . . . . . . . . . . . . : . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . : . . . _ . . . . . . . . . . . . . . . . . . . - . . : . . . . . : / .: . . . . . . . . . . . :.

. . . . . . . . :: I:. .:-"' i:'..:: -Ad&tiduin - I11 . . . . , . . . . . . .

. . .... . . . . . . :.'.' : ; As modified ' ' , : ............ . j . . -...: . . . [ .clansel : 1 . . . . . .Deskription I : - h a per RFP, -" :) . . . . . . . . . . .

of

. . , Fed

. . . i

- . . ,. . . . . I . . . . . . . . . . : .> : . . ,

. . . . ! _ . . . . . . . . . . . .,. . . . . . . . . . . . . . . . . . . : .

: ! . , . . . . . . , : : . . . . , . . . . . . . . . . . ~ . ~ . . . :,. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . : . . . . I . . .: . . ..'! . . . . . . . . . . . . . . . . . . . . . . . . . " . . . . . . . . , . .

. . . .:.. .:..: .: n ./h

n

. . . .' . . . . . . . . . . . . . . . . . The.Coicesslon Fee payable undei the &visions of this Article 26 shd be due and payable' in monthly ihstalmeirtd. Within 7 (seven) days of 'be close of tach month, the Ccnccrsionairc shall pay to thc Aumdrity against .the Concession Feei a .pruvisionat .mount .cdcul+d an the bdsis of toEal'Rialisable Fte of the 'immedidtcly ..pl'eceding' .inontf5 . grid. final: .'scttl&int '&,yjf;&cd'm audiad'&ow& 6 f t b e . ' C o n c ~ ~ i o ~ i ~ ; shall be m'ade'ethiri 120 (one h&W,and taimty) days '6f i6rrlplerlon of the d ~ p e a i w Ac&untin~,Yw . .: Notwithstanding anything to"the contrary. c o d n e d .in. this agreement. if the average daily'-c of PCVs '&'i

. . . . . . . . : . . . :.. , . . .: . : . . . . . . ,

.The ~once~s ibn fee payable urider the provision.bf this Art - 26 shdl ..be: due' and :payable in monthly installmerih; within 7 days of the close of epch month.

,. , . , . . . . . . ' . . . . . . . . . . . . . . ., . . , ,. . .

. . . . . . . . . . . . : .. , ,:.: : . . . . . . . . . . ' . "'; . ':.' .' : ';" .. , ' . . . . . . . . . . . . . . . . . . . . : . .'. .::- . . . . . . . . : . . . . , . . . . . . . . . . . . . .

::. . . . . . . . . . . . . . . :. . " . ; .. , . ..:. . .. . . . . , , .. . .

. . . , . ....... . . . . . . . . .

. . . . ' .:: :- :.' . .;' . . . . . . . .-. . . . . . . . . . . . . . . . . . . . . . . .. ..:. : : ' . . .. . . . . . . : . . . : . . . . . . . ....... . . . . : . . ...;,. e.. : : . . . . . .

"Notwithstandirrg~~,anything ta the contrary containd. irn.th3 agihnenfif the averagedaily f'afic of PCU's

a L

. . ' . '

. . . ,. .

" . .

in any' accounting . yeai' shdll ,txctcd thC designed capaciy of the projkct ,pighway,- the authority at it's optiod may cause preparation ,of a . detailed project report @PR);.Fc said DPR, inter-alia will assess the cost- as .may hiye to be incurred for augmenting the capaciry ofthe project hi&wyY w h that its capacity 'shall have increased sufficiently for carrying the then current traffic in accordance .with the corresponding provisions of the Indian roads congress publication or any substitute thereof and extension of concession period, if any, that may be required to yield the concessionair6 8.- post-tax return .an equity (Equity IRR) of 16% per 'annum, such assessment being made at an assumed 'debtquity* ratio of 70:30. Such exiension of Concession period shdl be however limited to 5 (fi\ie) years. For avoidance of doubt it is stated that there shall be no reduction in the concession period as originally accepted, The authority may thereafter, i t heir sole option, issue a notice to the Concessionaire. .(to be responded within a period of three months ,from the date of such notice), to undertake . .witbin. six months of such notice,

accounting y w shall exceed the designed capxily of the pioject hjghway, the Authm'ty at it's option may c a e preparation of a detailed projut report (DPR). f i e said DPR, 'inter-alia will assess the cost as may have to be incurred for augmenting the caphity of the project highvky. such that. its capacity shall have inneased sufficiently for carrying tha then current t d c in accordam with the corresponding provisions of the Indian Roads Congress publication no. IRC:64- 1990 or any substitute t h k f and extension of concession period, if any, that may be required to yield the concesionairr a post-tax return on equity .(Equity IRR) of '16% per annum, such assessment being .made at an assumed debt equity ratioh of 70:30; such asstmment. being made at assumed debt: equity ratio of 70:30; such. extension of concession pwiod shall be hbwever limited to 5 (five) ycars. For avoidance of doubt it is stated that there shall be no reduction in the 'concession period as originally accepted. The Authority may thereafter, at their sole option, issue a notice to the Conccssionalre, (to be responded within a period of three months from the. date of such .riotice). a undertake within .six month bf

:

. . . . . : . , - : . . . . . . . . , . . . . . . . . . . . . .: . . . . . , . . . . . ., .. , . . . . . . . ., . . . . . . . . . . . . . . . . . . . . . , .. , . ., . ,. . _ . , : ,, .:. ' .' .: . . . . . . . . . . . ' .: . ,. . . . . . . . . . . . . . . . . . . . . . . . ........ ' . >.. . . . . . . . . . . . . . . . . . . . . . . . . . .. . . r :: : : ;' ;. :; ,::.&di;ndGm.-nI . .

, ..,: ' .:,:' , . . , , , ' , : . , . . . . . . . . . . . . . .. , ,. . - . . .& modified

. . . . . .. . . . . . . . . . . . . . . / . . . . . : . . -~ugnitn&tion so . determined . by the aufimity. pu-r. all -,fees that shal-, ponths . ~$QUI :the."date' 'af . i w ~ ~ e of the a&u.&d - .

. . . Ilqjcc -USS ionalhp . . . -CI& auementation under this.clau~.

Shall b e ' d d e d . . . . in the a-t of revenue -0th and t k . e ca ' au eauitv IRR d&h$ as aforesaid shall be so haSrd gn such rcVeDXL On refirsal or non-acwptance by thc Concessionaire to undertake such at~mentation either absolutely or on such extension of concession period as assessed under the DPR, or on the hilure of the Conccuionaire to undertake such augmenution on tho due date w inthbated by ,the authority, a? indirect political went shall be deemed to have occurred and the authority b y ' in. It's discretion tcrminate. this agree'mmt issuing a tbmination,notice and making a termination payment under and in accordance with the of clause 34.9.2; without the authority being liable to issue any further. notice under this provision. . . . .

. . . . . . . . . . . . . . . >. . . ,.; ,:.. -: - . . ~~i .ivdidhe bf &&ii,-j,i:$j&ei .that an average daily WIG of 60DM) -PCUs shall be deemed

.. to .+ ?he design... capacity . of the .:Four-Lane Project Highway. :. 3 . ' , . . . . . . . . . . .

. . . . . . . . . : . . . . . . . . . . . . . . . . . . . . . . .

. . . . . . . . . . . . . ... . . . . . . . . . . . . . . . . . . . . . . . . . . ... . . . . . . . . . . . . . . . . . . . . . : . . . . . . . . . .

. . . . . . . . . . . . . . . . ;.:. . . . . . . . . . . . . . . . . . . . . . . . . , . . . . . . . . . . . . . . . . . . - . . . . . . . . .... . . . . . . . . . . . . , : . _. . . . . . . . . . .. . .

: . . . . . . . . . . . . ..: . . . . . . . . . : . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .:..: .. , . . . . . . . . . . . . . . . . . . . . . . . . . . . . : . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . :.. . . . .

. . : . . . . . . . . ... . . . . . . . . . . . : . . . . . . . . . . . . . . . . . . . . .

, . . ; . . , . . . . . . . . . . . . . :i . . .

. . . . .

. . . .;.. . . . . . . . . . . . . . . . . . . . . . . .

. . .

, .. ,

. . . . . . -

. . . . . . . . . . .

.a , . . . . .

: . . . . . . . . . . . . . .

:

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . .

. . . .

. .

. . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . , . . . . . . . .

. . . .

. . .

. .

. . . . . . . . . . . . . ....

' .i'. , , . . . . . . . . . . . . . . . . . .

: . : , . : I:. ' . '. . . , . . , :.

. . . . . . . . . . . . . . . . . . . . , / . ' . . .

. . . . . . . . . . . . . . . . . .

. . . ; : ' ,

. . . . . . . . . . . .... . . ' . . . . . . . . . . . . . . . . . .

. .

. . . . . . . .

,: . ,

. . . . . . . . . . . . . . . . .

.. , .j-

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . : . .

. .

. . . . . . . . . . . .

. . . . . .

. . . . . . . . . . . . . . . . . . ' . . . . . . . . . . . .

. .

. . . .

. . . . . .

. . . . . . . . . . .

' : . - . . ,

. . . . . . . . . . . . .

. .

. . . . . . . . . . . . . . . . . . . . . . ; . .

. , .& :, ; ;: .:. ;;: ::.:;;,:,:,.; : ;::. .:: :;, :: ;.: : :.. :

. . . . . . . . . . . . . . . . . . .

t

. . .

. . ..: : ..::::.

. . . . . . . . . . . . . . . . . I . . . . . : . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . ....

,_,_

. . . . . .

. .

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . : . . . .

. .

. . . . .

.

. . .

. . , . . ,. . , ,

. . . . . . . .

i

. . . . . . . . : . . _ . . . . . . :. . . .

:...; ..:.:.

... . . . I . . : . . . .

. .

. . . . . . . . . . . . . .

;,. ,; :,. ,, -,.::.:,,, ., ,' :' ..: . . '. . ' , .' ' .:

. . . . . . . . . . .

w ' I ; : . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . : . . .

. .

. . . . . . . . . . . . . . . . . . . . .

. .

. . . . . . . . . . . . . . . .

, . . . : . . , ? : ,

.

-:

......

. . , , . , ; . . . .

. . . . . . .

,_ :..,..

.... . . . .

. . . .

. . . . . . . . . . . . . .

. . ' . .

. . . . . . . . . . . . . . . . . .:. . . . . . . . . . . . . . . : . . . . . . .

. .

. . . . . . . . . . . . . . . . . . . .

:

. . . . : . . . . . . . . . . . . . . . . . : . . . . . . . . .

. . : . '

. . .

..;

. . . .

:

. . . . . : . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . : .

. .

. . . . . . . .

'W '. '

. . . . .

. , . .

. . . . .

_ . . . . . . . .

. . .,:. : . ' . , : ,

. . . . . .

. . :

. . .

. : .

. . .

__i . . ; . .

. . . .

. . - ..:

. . . . . . .

. . , . . . - . . : : . .

. , . . , : : : . . . . ' , . . . ' : . . _. . : . . : . : ! . ,:.: : . . , , . . . . : , . ,:.. ". . . . . .

: . . . : . . . . , ,.,,., ,,. ,.; :,:: :. ::::<'-.:,. . . , : ' , :: : . . , . . , .. .., . . , . . . . . . . . . . . ' . . . . . . . : : : ;

. . . . . . .

. . . . ' A s p e r R F P : : , , . , . . :. ; . .; .. . . . . . : . . . . .

such notice, augm#ltstiA so determined. by the. Authority. On. refusal or non-acceptance by the Concessionairr to undertake .such .augmentation, either absolutcfy or on m h extarsion of &ncession as asses& unde the DPR or on h e failure of the Concessionaire to undea-e such augmentation on fie due date so intimated by the Authority, ~TT. .Induc~t. Political Event shalt be deemed to have occurred and the Authority may in It's dibretion Tcnninate this Agretmcnt by issuing a Terminatlop Notice and making

. . . . . . . .

. . .

. .,.

i Termination Payment under and in accdrdancp with the provisions of Clause 34.92;. without the Autborie being liable to issue any fwtbar notice under this provision

For ih. a v o i b c e of doubt, the Plvtics agree that h average daily trainc of 1,20,000 PCUs shall be deemed to be the dsigaed capacity of the Six-Lane Project

P Highway

b

. .

* , >.. :. D+iption

. . .!. . . . . .

. . . ' : . .:.

, : .

. .

. .

. % . .

N ~ M of P m J d : , FourLaningol ~IJ~ur-Hungud Scctlon of NH-I3 from Km 1020PO lo . . . . . . . . . .

. . . . . : . . . . . . ; ~ m a2.0oom the state of Kamatah on Deaign, Bulld, Flnana, Oporab : . .

. - . . and Transfer @BFOT) b l s under NHDP Phase41 (Pskage No. NHOP- . . . , . . . . . . . . . . , . . . . . . . . .

', 'IlVBOTlKNTrOs) . . . . . . . . . . . . . . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .: . . .. _ I .... . . . . . . . . . . . . . . . . . . . . , . . . . . . . . . . . . .

' .Clarifications to'subsequent queries '. . . . . . . . . . . . . . . j . .

Cla&ation of MIA1 . . . . . Destrjption Clnrlficatioar required . . . .

. ; . . Clause , . . . . . . . . . . . . by applicant ( . . . . . . : . . . . . . . . . . . . . . . .

' : : ,.'2.1.14 : caflict o f It may ldicakd whether The relatiodHs) through JVs and : .: : : : . . . . . . . . . . . . . . . . . . . . . . : : ~nt-t - The rcIatioluliip(s). SPVs will not come unda purview of ::

. . . . . .. . . . . . . . . . . . . : . . . .

. . . . . : through. ~s end SpVs "Conflict of Interest" under sub-claw . . . . . . . . . . . . . . . . . . . . . .:..:.. . . . . . . . . . . . . . . . . . . . . . . . . . > . . . . . . . . . . . - .will not come under (v)of dauss2.i.14 0fRPP ....

.:.

- . . ,t,.;;..;..,::': '., ' .: - ' pwview of "Conflict of . . . . _ I ... ... . . . . . . . . ... ..:. . . . . . > : . . . . . . . ... . . . . . . . - Ii~tm,st"' uadw . sirb . . . . % . . . . . . . . . . . . . . . . . . . . . . .

clnuse (v) o f clause . . . . . . . . . . . . . . . . . . : . i . . . . . . . . . . . . . . . 2.1.14 of KPP." . : . .

I . .:. , . . . . . . . . . . . . . . . . . : :;

. . . . . . . . . . . . . . . . . . .. %, ' . . . :.. . . . . . . . . . .

. , - . . . . . . . . . . . . . . . . .:. . . : . . . .

. . . . .. .

. : . . . . . . . . . . . . .

. . . . . . , . . . . . . . . . . . .

. . ...

. . . . . . . .

. . . .

'hd;hw Hours*, ~pp.~o~~oninpdiceChDwW .SADBHAV '

EK*, Ahmnbbad-JB0MM 'ENGINEERING : 2&6n~t,2~056a7,2a69179 UMI'fED . . .

26645810 Fox : 91-079-26400210 E-id&dbhouong.wm ENGLNEERS d: mwsa&amq.wm AND CONmAClORS . . . .

. . . . . . . ... ; . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . i ' . .: . . . . . . . . . . .

. . . . . . . . . . . . . TO, . ' . , '

. . . . . . . . . . . . . .

. . . . Mr. -ha1 Gupta . . - .. . . . .

, . General Manager .National-Highways 'Authority of India . .

'

'6-5& Gb, .- 10, Dwarka . ! ::.. : N& Whi - 110 075 . .

phone: .+91 11 25074100/4200 (Extn. 1417) . .

&b:~ld for Four Laning of Bijapur to H ~ g u n d section of NH 13 from bn ,102.000 to . km 2 0 2 . 0 in the Stat@ of Kernataka through public- private partnership (PPP~ '- on Design, 'Build, Finance, Oparate and Transfer (the *DBFOT") basis (Package

. NO.: NHDP-lXI/BOT/KNT/OS) Project"

i. Dear Sir,

I .With ref&ence t.u your RFP document dated .19/06/20009, we, having examined the Bidding . . 1 Ihc"rnenb m d unde&d their,qo&mb, jk-eby submit.oUr BM for the Projett. .':. '. .

f The Bid is unconditional and. "nqualifed. . . . .

. . I i 2. We acknowledge ,that Authority will be relying on the Information provided in the Bid

and the documents acg&panying'the . . Rid for selection of the Concessionaire for. the . . .

....... aforesaid ProJea,:;and.wex+ify.that.dl . . . . . . . . . . informahon pmvided.thereln is W e a r j d ~ ~ ~ . . ' ,:, i: &thing has been Aitted'hhlch &rs such information misleading; and all dauments .: .. :. , ..' I ..

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . accompanying the.Bd a&.tnte copies of their respective originals. . . . . . . . . . . . . . . . : . . , . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . i . _ . . . . . . . . . . . . . . . .. . . . . .: . . . . . . : . . . . . . . . . . . . . . . . , . .

3. TMs statement is. made, for the, express purpose of our.selection as con . . . . . . , . _ . ., . . ., .:'. ~ .. ..................... . . . ;

the dweloprn~nt,'cmmctI~, . . . . bpemtion and maintenance of'the afore . . . . . . . . . . . . . . . . . . . . .

. . .

... . . . . . . . . . . . . .

. . . . . . . : . . . . . . . _ . . .:. \.

. . . . .

'Sodbhw Hmne'. . l a . v G o P d m P d i c . ~ SADBHAV

-&, . , , ./ /c"; -&+, 384,26405687,26469179 ~ 3 s o o O a ENGINEERING 64 10 FOR: 91-079-16400210

LIMITED & " , & d U . - EN6INEERs 4 : nuw.m&eng.m AND COMRACIORS

1 1 4,

We shall make available to the Authority any addttlonal Information it may find

E necessary or require to supplement or authenticate the Bld. 1

. . . . . > .. , . . We aclmwledge . . . . the .right +f the Authorii to reject our Bid without assigning any . . . . . ... .&soh . b -or &.erwlk ind hereby waive, to the fullest extent wrnltted by applicable law, '

our right . to . .challenge the same on any adcount whatsoever. . . . . . . . . . , . a : . . .

We certify that in the last three years, any of the ConsoNum Members or our Associates

have neither failed to perform on any contract, as evidenced by irnposrtlon of a penalty

by an arbitrai or judicial pronouncement or arbitration award, nor been expelled from

any project or contract by any puMlc authority nor have had any contract terminated by

any publlc authority for breach on our part.

We declare that:

(a) We. have examined and have no reservations to the Bidding Documents, including

any Addendum issued by the Authority.

(b) We do not have any conflict of interek in accordance with Clauses 2.1.14 and 2.1.15

of the RR, docu&t and;

(c) We have not directly or. indirectly or through an agent engaged or indulged in any

cormpt practice, fraudulent practice, coerdve practice, undesirable practice or restrictive

practice, as defined in Clause 4 3 of the RFP document, in respect of any tender or

request for p ropa l issued by or any agreement entered into with the Authority or any

oth.er publk sector enterprise or any government, Central or State; and

(d). We, hereby certifi that we have taken steps to'ensure that in conformity with the ' . . . . .:. ........... :... ........................ . . . . : . . . . . . . . . . . . .

proi&mns . . of Uau* 4:of the RFP; no person acting for us or on our behalf has engaged

or will engage in any corrupt practice, fraudulent practice, coercive practlce, undesirable

,practice,or resbictive:practice and; . . . . . . . . . . i . . . . . . . . .

-!.(el :.the:.;ndqkings ... glen . . by ,w along with the Appllcatlon in response the RFQ for . . . . .

as on the date of maWng the Application and are also

637

'sndbhuv Hou~', SADBHAV nhrmhbod3~a~06 ENGJNEERING

uusb : wu.&ng.ma) AND COMRACIORS I I 1 bue and cmct 'as on date of making the Appllcatlon and are also true and correct as

t I on Be Bid due date and we shall contlnue to abide by them. I

i. I [ 8. We understand that you may cancel the Bldding Process at any time and that you are

1 . nelther bound to eccept any Bid that you may m v e nor to invite the Bldders to Bid for

i 1 the PmPd, without inavrlng any liability to the Bldders, In acmrdance with Clause 2.15 i 1 of the RFP document

We believe that our consorti& satisfyoes) the Net Woith criteria and meet@) the

requirements as spedfied In the RFQ document.

we declare th,at any Member of the Gmsortium, or our Assodates are not a Member of

any other Consortium submitting a Bid for the Project

We cerlify that In regard to matters other than security and Integrity of the country, any

member of the Consortium. or any of our Assodates have not been con- by a Court

of Law or indicted or adverse ,orders passed by a regulatory authority which could cast a

doubt on our.abillty to undertake the Project or which relates to a grave offence that,

oubages the moral sense of the community. -

We. further certify that in regard to matters relatlng to security and integrity of the

country, any Member of the Consortium or any of our Associates have not been charge-

sheeted by any agency of the Government or convicted by a Court of Law.

13. we .further certi/y ,that no Investigation by a regulatory authority is pending either

against us .or against. our Associates or. against our CEO or any of our

, ar=@i/Ma.n.a.~rs/ employees. . , . . .

. . . . . . ... : . . , . . . .

additional criteria specified . .

ent in their OM No. 6/4/2001-DPII dated July 13,

638 . . . .

~Sod6lwn h',

I Gpp. Low Gardm PoRn Chdri SADBHAV

26463384,26105687,261691 79 ENGINEERING

2.544581 0 Fox : 91479-26400210 '&"$$@ m 0 . Emdl:sdO~odblwong.mn .**.. A ' "

web : u o v w . s & ~ ~

, We undertake that in case due to any change in facts or circumstances during the

Bidding Process, we are attracted by the provislons of disqualiffcatlon in terms of the

guidelines . . . . rkferred . . to above, we shalintimate the ~uthohty of the same immediat*. . . . . . . . ... . . . . . . . . . . . . . . .

. We .acknowledge and.undertake that our Consortium was pre-qualified and short-listed . -.

on the basis of Technical Capadty and Fiiancial Capacity of those of its Members who

shall, for a period of 2 years from the date of Cornmerclal operatfon of the Project hold

equiRy share capital not less than: (i) 26% (twenty six percent) of the subscribed and

paid-up equity of the Cortcessionalre; and ( l i ) 5% (five percent) of the Total Project cost

specified in the Concession Agreement. We further agree and ado~owledge that the

aforesaid obligation shaH be in addition to the obllgations contained in the Concession

Agreement In respect of Change In Ownership.

, We ack&edge and agree that in the event of a change in control of an Aqoclate

whose Technical Capadty and/ or Flnandal Capacity was taken into consideration for the

pwposes of short-listing and prequaiiflcation under and in accordance with the RFQ,

We shall Inform the Authority forthwith along wlth all relevant particulars and the

Authority may, in its sole discretion, disqualify our Consortium or withdraw the Letter of

Award, as the case may be. We further acknowiedge and agree that in the event such

change in control occurs after signing of the Concession Agreement but prior to COD of

the Project, It would, notwithstanding anything to the contrary contained In the

Agreement, be deemed a breach thereof, and the Concession Agreement shall be nabie

to be terminated without the ~u thor i t~be in~ liable to us in any manner whatsoever. . . . . . . . . . . . . . . .

We. understand . . that'.&e Selecred Bidder shall either be an existi&~ornpany . . . .

Inmpmted under .the Indian Companies Act, 1956, or shall incorporate itself as such '

prior . . to ~ executlon.of the Concession . . Agreement. . . , .'.'., . ' . . . . . . . ' .;: . I'

. . . . . . . . .

any-right which w e may have at any stage at law or

to challenge or question any declsion taken by the

639 . . . .:

- ..

'scKMov noose9, SADBHAV ENGINEERING

w b : rrww.*.ron

Authority In connection with the eld don of the Bidder, or in connection with the

Bidding Process itself, in respect of the above mentioned Project and the terms and

.implementation thereof.

In the event of our being dedared as the Selected Bidder, We agree to enter into a

Cancession Agreement in accordance with the draft that has been provided to us prior

to the Bid Due Date. We agree not to seek any changes in the aforesaid draft and agree

to abide by the same.

We have studied all the Biddlng Documents carefully and also suweyed the project

highway and the traffic. We undeqtand that except to the extent as eqms~ly seforth

in the Concession agreement, we shall have no dalm, right or title arising out of any

documents or information provided to us by the Authority or in respect of any matter

arising out of or concerning or relating to the Bidding Process including the award of

Concesdon.

.We offer a Bid Security of Rs. 14.96 Crore (Rupees Fourteen Crores Nlnty Six lacs

only) t i ttie Authority in accordance vdh the RFP Document.

The Bid Set-lrlty in the form of a Bank Guarantee is attached.

he Documents accompanying @=.Bid, as specified in Clause 2.11.2 of the RFP, have

been submitted in a separate m l o p e as marked as "Enclosures of the Bid".

.We agree and understand that the Bid is subject to the provisions of the Bldding . . . . . . . . .. . . I)ocuments. In nb case, We shall have any daim or right of whatsoever nature if the

ProjectlConcession is .not awarded to us or our Bid is not opened or rejected. .. . . .

. .

The. -Grant has been quoted by-us after taking into consMeratlon all the terms

. .

. .

'5orbhor House-, Opp.LovGordnPoliQcha*h' mi&+, ~ h - ~ , ~ 3 8 0 0 0 6 .

4633&(,2&f05687,26469179 A581.0 Fax : 91-019-26400210

Emil;dQbocbhor"B,mn wmb : ..w..!.*.corn

qsts and trafic and after a careful assessment of the site and all the conditions that

may affect the project pst and implementation of the project

. We agree and undertake to abide by all the terms and conditfons of the RFP document.

, . '. I. We, the ConsorUtlrn Members agree and undertake to be jointly and severally liable for . . . .

all..the ?bligations of the concessionsire under the Concession Agreement till occurrence

of flnanaal Close in accordance with Concession Agreement.

. We shall keep this off& valid for 120 (one hundred and twenty) days f m the Bld Due

Date spedfied in the RFP.

, We hereby submlt our Md and && - Pmwiw is

........................................................................................................................ ...................... ..- .......

t h ~ . . . . . ...

RS .... 2.23.;.ka .... 6e.'1:.t ........................................................................................... (~upees..~wo.. bm ~ r d . . . ~ e ~ m r ) ~ & n : c ~ .... C*YL ... c b . ~ ~ . . . & ~ . . . ~ . ~ ~ a . o n ~ y )

,for undertaking the aforesaid Project in accordance with Bidding Documents and the . .

Concession Agreement.

In witness thereof, we submit this Bid under and in accordance with the terms of the

Yours faithfully

P.R. SHAH DEPUTY GENERAL MANAGER (6.D.)

. . . . . ._. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _ . . . ..,.. : :- . .. - . . . . . . . . . . . . . . . . . . . . . . . . . . - . . . . , . . . . . . . . . . . . . . . . . NEEL.KAMAL, OPRSALES INDIA ... . .

. . . . , . . . . . . . . . . . . . . . . . . : . . . i ' . . ,

. . . . . . . . . . A W ~ ROAD, AHMEDABAW800QD . . . . . . . . . . . . . . . . . . . . . . . . . . . . . : . . . . ._ : . . . . . . . . . . . . . . . . . . . . . . . - . . . . . . .

, .: . i > _ . : . . . . . . . . . . . . . , . . . . . . . . . . . . . (COMPLETE ADDRESS) . . . . . . . . . . . . : . . : . . . ' :. . . : . . . . . . . . : . . . . . . . . . :. . , ' . -. . , . . .... . . . . . . . . . . . . . . . . . . . ... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . -.. , . . : . . . . . . . . . . . . . . _._." . .

. , . . . . . . . . . . . . . . .

I ; ;- ;:..;., .. - .- . . , :.,--.: . . . . :.:. . -. ,

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . , . . . . . ( . . . ' . . . . . . . . . . . .:1 . . ...... ."@63@15...'.: :,:,I., '..:;]; .>[-i."'; . . . ...'...:>: . . . . . . . . . . . . . . . . :. . . . . . . . . ; .. :. . . . . . . . . . . . . . . . . . ...........: .. . .r. . , , ,....' :.

. . . . . . . . . . . . . . ...." . . . . 1 .; .: :::.;:.., ,;::..; .:, 2.::: .. . . . . . . . . . .. - .. . . . . . ; , . : ::. '. . 8 . .

. . . . . . . . . . . . . . . :.......: .......... . . ;,. ,...: .:; >:,... . . . -:.. . . . . . . . . ........,................ .... .*:. ,I.. ..?..' I:'. ... . . . 2-..., . . - a . . . . ' ; .... i.. . .:. :...,..;*:..:: ., j,:.g: .. :;,. :... . . . . . . . . . . . . ...... 9 : . .-\y..; I : . : : , ; . : - : ,.::Y+..-*:~r<$,*~;-. ij- .". . . . . . . . . . - .-.,.. i. ' ' -: i<..,"L,, ;. .'?, ... . nne*e& g<:th'&.l̂ e:tter:, ..v , 'f""' .:.e&r~.. ' ,;,.,. -A$...

. . . . . ... ...:.... 4, ..I : :.,. : .. . ..... .... . . 01tbooz2S~9lj::. :... ,,. ;. *?":??!!?-..:: < :-? %.. .&*it. '..%::A, r.: e,,.. '.,< .... :. .,.., .:... " . . . . . . . . . . . . . . . . . . . . . . . . . . . . ... . . . . . . . .

. . . .: ifor.emount of RE, ilpl,Q2,aor~-~ ' . (RU& .... .: . ... . . . . . . . . . -.- . . . . . . . . . . . . . . . " . . . . . . . . r . . . . . . . . ..- ..... . . ..........-...._........ . -.:Rupees ~l~~~~ cr&- Fiftyace ~lnety-Twq'Thousand Only : . . . . . . . . . . . . . . . . .,. .J . . . . . .. - - .... . . . . . . . . . . . . . . . . . . . ,. .

. . . . . . . . . " .,.. .:.,.

. . . . _ . . . . . . . . . . . . . . . . . . . . .v&HffU~.~::. ..$l',O6.2010 . . . . . - . &ed Y'W d ~ c e ~ ~ I ) L - J S ~ ~ , : - ;+ [;, ':.: :;;:. ' : . : . .

# 784946

d- ~ A D B ~ ~ A ' , ' ;;JG~.CRJNG '~MJ-~E-J

'S4C3,Jr; I-JOUSE* OPP. Leib : .- 'r. . I ,,,:e cho*~y, ~ l l ~ ~ ~ l ~ ~ ? ~ AS,I ,, :a~lo,~w, 1 : 2644b010,2t41~5~7,264633041

L". .I - - .

UANK GUARANTEE FOR BID SECURITY il ( R W C J a a 2.1.7andZ.ZUl)

b 1. In amskkmtbn of you, Natlond Hlphwmya Autfanlty of Inclls, having Ik dRoe at G 5 & 6, SectaF-10, DNarka, New DelhCl10 075 (hmhefh refemxi to as the "Authdty', whWl eXpresfm shaW unless It be repugnant to the subject or context therrof indude Its, stcoesscat and m)

I '

having agreed to recehre the Bld d MIS. Sadbhav Englnaadw Umltad, (a Qnpary regl- under the Companies Act, 1956) and havhg Its regktared offka at 3Sadbhav Hours, Opp Law Gwdan Mice ChowW, Bllsbrldge, Ahmedabad - 380 006 (and actlng on behalf d b ConwU~1) . (SEL - M a Consortlum) (hereinafter r e f d b as the .BWderc whlch eW'e&m shd unks It

u be repugnant to the subject or amtext thereof hdude b&elr executors admltllstraton, sume?son and dgns), for Ule 'Four Lanb~g of Buapur to Hungund section of NH-13 from km 10200

I m km 202.00 tn the Stab of Karnataka through pubnc-prlvato partnership (PPP) on Design, BdM, Rnancs, Opsmts and Tmnsfdc (lfm 'RBFOY) ba& (Paduge N a i NHDP- m/W/KNT/05) PraJact on p B W r J barb .. (haelnafter referred b as %e Prolecfl

I pasuant to the RFP DoaKnent dated 19/96/2009 Issued h respect of the Project and other rebted domarts lndudlng wRllout llmitatbn the dmh conceulon agreffnent (herrtMfta dkctlvely

II relened to as 'Bidding DoamentZ), we ORIENTAL BANK OF COMMERCE having ar offfa dt Ned Kwrd Bulldlng, Arhram Rae4 Ahmadabad - 380 009 (Gv)arat) (hdmfter ref& to a5 the . "BaM)l at the request d tha Wer, do hereby In tenns of Clause 2.1.7 read wlth Clause 2.1.8 of

Jl the RFP Document, ~rrwocatity, unmnditkrnaily and without t esmah

II

B

1

I 4343

. faithful MRlment and compRance of the terms and conditions of the Bidding bmnmts (IndudIng the RFP Document) by Lhe sald Mder and unmdltionally and irrevocably undertake to pry forthwith to the Aulhwlty an amwnt of Rs. 1&6l,92,000 (Rupees Eleven Chm FMy One lac Ninety two thousand Only) (hereinalter referred to as the 'Guarantee") as our prha!'Y aMp9etbn without any demur, reservation, recome, mtest or protest and without reference to the Bidder K the Blddef shell la# to WH or amply with a l or any of the t m and condltfons contained - . in the said Blddlng Documents.

. . . . . . . . . . . . . . . . . . . . : .. : . . . . 2 . : ; ..;Any .Sch..WrItkn demand made by the A u m stating th$ the Bidder Is In default of tht? dua . . : ' I . . .

. . . . ' ' - - -.and faithhi lulffllment and cm@ance wlth the terms and condltiom contahed In the Wdlng ., .:. : . . . . .

:_ . . . . . . . . ..: ... ..: . . . . . .:Docv?lfnts :. .......... . . ,.: sM. :... ........... be WI, condushra and blndlng on the Bank. . . . _ : : .. .,, '. .\ . . . . . . . . .

. . . . . . '3, .: ..:.We, the.&& do hereby . . umktake. b pay the mounts due and payable under . . . . . . . . . . . . . . . . . .:. $his Guarantee wltJmt rn-k mbme, mn)ul or pmkX and w l t h t any

. . . . . . . ..". :.. , ' -, ieference to the Bidder u any other p m n and Irmspdve of whether the dalm of the AuthorW . . .... ' ' '

.: .. -;k disputed by lhe ddder or not, merely on the Rnt demand from the Authority statln~ that the . . . : . . . . . . ' . a ~ d a W $ d u e t o t h e k t h w l t y b y ~ e a s o n o f i a k m d t h e B L d d w t o f u U U m d a m ~ ~

: . : ' . the terms end anditlons contdned in the DlcWng Donments hldudlng fallwe of the sald'Oiddw . . . - ., :- 6)fceep Its Bid .open durhg the Bfd velldlly p40d as setfwth in the wld Bidding Doaanents for

. :,'any ieason whatsoever,. Any such demand made on the Bank shalt be umtudw as regards kmunt .due and ,payable by the Bank under thfs Guaran-. Howew, arr lipH& under tk

.&iat%ntee.hali restricted to an a w l not ex;ceadng Rr:ll,51,92,(MO (Rupees Eleven Crae ,, Wty Qne lac Nhrely two thousand On)y).

. . . . . 4. Tllis Guyantee sh l t be lrrevaable and remahi In M I force for a period of 180 (ona hundred and ' 'Ahtv) d m han the Bld Due Date Indlshre of a d a b carlod of 60 .(dxty) days I. a uR to 3205/2610 a for such extadmi period as may be m u t M y agreed beMeen the A u m W and the Wer, and agreed to by the Bank, and shall continue to be enfaceable till an m b under thk (;uarsntee hah been pald

-, 5. We, the Bank, further agree that the ~ u M t y shall be the rde Judge to declde as to whether the Bidder k In default of due and $M MRllmerlt and complbnce wlth the t e r n and mdltlons

oonlahed In the B M n g L)ocunents Whg, Inter alla, the failure of the Bldder to keep Its Bkf open durlrig thi, Bld valMlty pehl set forth In the ssid W i n g Doavnents, and the decWon of the Authority that t h ~ Bldder Is In default.@ aforeaid shall be flnal and Mndlw an crr, rotw-dlng

' -aiW @Barems between. the Mhwity and the eWder or any dispute p m before any Court, . . . . . Tlibuml, Arbitrator or any other AuUmW.

. .

- - 6. , The usr rant& shal not be affected by any change h the ccmtlM0n or ~ h d h up of the B e t, :

:. . - : .w..,the BaRk a: any absorptkn, merger w amalgamaWl of the O W or the &nk wlth any other . . . . .

' . . . . . .perom. ... . . . . .

. . wW1 r d e m to the .mattas . :, . . . . . , . .

. . . . . . . . . . . .

. . . . .

. . . . . . . . .

L afofedd or by reason of Ume belng glven to the said BMder or any other forbearance, act Or I omlsslm on the part of the Author@ a any Indu!gence by the Authority to ttre d d Bidder or by

.any &me in the constltutlon d Ula Authority or Its ahsaption, merger or amalgamatbn with any

I other person w any other matter or thlng whatswwr which lnder the law relattng to weUes vvould bl*bthkpmvtsbn hmtheeWdn?leamgtheBankfrom ItsarhBabllRI.

I I

. . , .

. , . . : .:6. . , ,'.,,ky,mtke by y y of request, demand or othenvb hereunder shall be sumciently g h or made . . I . . . . . : : .if a h s e d to the Bank and sent by cMlrler w by registered inail to the Bank at the addrea set . . . . . . .

. . - . . . I . . . . . . . ": .-.- :forth hereln. : . . . . . . . . . . . . , .

. . . . I . . . : . . . . . . . . . . . . . . . . . . . . . . I . . . . :

9. , . : . : W e u n d d to malt= tk payment on recdpt of your notke of dah an us addresed to Orlantal . . I . . . . . . . . 5 . . . . . . . . . . .'

" . . . . . - - :: h k gf Cmhace, Ashram Road Band& IWvam Road, Ahmadabad - 380 UW (Gujarat) and , . . , . . .: . . . . . . . . . . . . ' . '. : :deliwered at w'above brmch whkh shall be deemed to have been duly authatsed to receive the . . . . . . . . . .

: :..... ;'.':.*,,&q'$d&"dabn. .: ;. ...... . . . . . . ....... . . . . . . . . . . . . . . . . . . . . , . . . . . . . . . . . . . . ...... I . . . :.:.!;:..:..": . . . ...

. . ... .': .. , : :&. . {lt shall hall be.n-rj for the Authority to proacd agaM the sold Bldder beldrs pmcedlng .": . . . .

I . . ... . .

. . " . . 3 : . y ;.. i : liw .(fte ,Eat& and the guacantee hereln cmtahed shall be enforceable agabt the- Bitnk, . . . . ". . ."- . . ' :. ;'notv&hstandlng. any other d t y whkh the Authaity may have obtained fiom the sld Bkkler or . . . ., . . . . . . . . . .

. . . . . . . . . . . . . . . . ; any other pemn and which shalt, a t the time'vrhen proceedings are taken agalnst tha Bank. . . . . . . . ' . : , ..'hereunder, be outshndng or tnrealsed. . . . . . . . . . . . . ... .

/ '

. \ t t We, the Bank, further mdettak not to revdre Ws Msrantee dufng Its cvrency mpt with the pcwigus qpress consent d the AuthoMy In mltlng.

12. The Bank dedar& that It has paws to Issue thk thk and dndarge the oMigalbm rmtenglated hereln, the mdmlgned Ls duly authcflsed and has full power to execute this Guarantee for and on behalf d the Bank.

. . . . : 1 3 . :For the .aroldance of doubt, the Bank's labtllty under.thls .Guarantee shall be resbkted to

' :;IL1. .Xl,51,92,000 (Rupees Rewn Crom flm Om kc Ninety two tfiouoand Only). The Bank shal be la& to pay the d d amount or any part thereof only If the Authority serves a

.. wBen m the Bank In amrdnnoa with paragraph 9 W, on or bdwe pl/O5/2010].

l, ~ IbMlty u&r thls Bank Guarantee s h d not exceed Rs. 11,61,92000 (Rupees Eleven Qors Rfty One lac Nlnetytwo thousand Only).

. .

% . ' . .... . 3 . k a ~ ~ a ~ e t o ~ ~ ~ t h e g u a r a n t e e d a m o u n t a r a n ~ ~ r t ~ u n d e r t h l s ~ ~ u s m n ~ o c l ) ~ .and cnly I f yw sene upon us a wittar dab or demand on or befge 31.052014 .

. . . . . . . . . . . . . . . . . . . . . . p. --&ti 3** ,

. ; - ~a&?.th!s 2~dii~'d Ffoymber 2 ~ 9 at Ahmedabad For, ORIENTAL BANK OF COlMEACE , . . , . . : . . . . . . . . . . . . : . . . . . . . . . . . " . . ... . . . . . . . . . ,:

. ._.: . . -. ' . . ........... ' .:-.:w -~lgned.~ddel lveredby~ental~anttd~ommer~~ tha.hsna.3,1rb. ms . .:. ... . . . . . . .

. . . . . . . . Its .. andwthorlsed ofRdd. . . . . . . . . . . . . . . . ._- . . . . . . . . ., , ' ! ..:,:;: : ,. . . . , . % I .... .......... , . . . . . . . . . . . .

".. .;........ :.. . . . . . . . . . . :. . . . . . . % . . . . . . . . . . . . . . . . . . . . . . . .... . . . . . . . .

. . . . .

. . . . . .

. . . . : . . . . . . - . . . . .

We term lo Ihe above said Bank ~wnmfees ksued'by our Bank in yow fwoc behdf of ... :. ... ': : ' . M/rMonlqorfo ConshcHon Ud. P l m e hole lhot a mnlbmatlon of Ihe.@.Bonk Guarcnlee Is . : ..... ': . :., :: . . .,. . . . . . . . . ova&& at our Mumboi M i ONce at the fdlowfng address:

* . . . Ihe Kcn-ur Vysya B&nk.Lld. Mmba Divisional Ofke, 954 Appasaheb Marathe Marg, . . . lwrabhadovi, MumM - 4MX)25

. .

. . . . . . . . . . . . . . . . . . . . . . . . ... . . . . . . . . . . . . . . . , . : . .

, . . : , il . . . <

. . . . . . . .

.:bas : . , ;?.. , ' . .

. . . . . . . . . . , . I .

I -'

. . . . Xarur Vysya Bank Ltd. . . . . . . . : rlrhpn Road Bmch$okarVfl . .

I . . . . . . . .

. . . ' . 'B Block, Nehru Bridge Comer. ,A . I .Ahmedobad . . .

. . . . . . . . . I . . . , .

. . Ph.fl0.26502474n6582475/~476 :. . ' . ' ' :'.. . . . . i . - . ' . . . . .

. . . . . . . . - . . . . . .

. . . RE(;: GEN:BG:M~nlecorlo: 2009-10 . : , . . . : . . . . : ?1::24.11M09 . . . . . . . . . . . . . . i. . . . . . . . . . . . . . . 1 . . .: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . I . . .'To ,. . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . . .. . . . . .: . . . - . ' . . ' Nalional Highway Authority Of India, . .: , . , . . . ,, ,, . . : , , , . . . . . . . . .

.:I%. 1 . . ) : . . . . . . . . . . . . . . . . . . . . . .

. . . . . . . . : : ; . . . . . . . . . . . . . . . . .

. : G 5 8 4, Sector -10, . . . . . . . . , . . . . . . . . . . . . . . .. .: :.. . 5 . . . . , . . . . . . . . . . . I . . . . . . .

".' . . . . . . . . . . . . . : . . . . . , . . - . . .

. . : . : . . . Dwarka, . . . . . . . . : . . . .

. . . . . . ,. . . . . . . . . . .

I . . . . . . . . . . . . . . . ', ,:: . . . . : . . . . . . . . . . . . . " . . . . . . . . . . '.. . New Delhi. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . , _ _ _ . : ' , . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . . . . . . . . . . . . ... . . . . . . . . . . . . . . -.. , . , . . . . . . . . . . . . . . . . . . . . .:... ,'! . . :

. . . . . . . . . . . . . . . , . . . . , . . . . . . . . . :.;

. . . . . . : .

. . . . . . . . . . . . . . . ........ .. .... .... ........ .............

. . . . .... , .

. . . . . . . ... . . . . . . , . . . . . . .

. . . . . . . . . .:..~~,~~Oear.Oearsi.- . - . . . . . . . . . . . . . . . . . . . . . . . . . . :..: :.. ..: , . . . . . . . . . . . . . .......I,.. :-:: . -

. . . . , . . . . . ;..:.:.:'..:.,:,:,.

. . . . . . . . . . .,.: :.. I . . :. . : . >

. . . . . . . . . . . . . .

.:... .. .. . . : . . . . . 3 .. '

. . .h

.:.:.

. . . . . . . .:.. : . I

. . ...I ' . . > . .

. . . . . . . . . . . . ,: , : . :SJY::..~LOW BANK GUARANTEE .irj"ed, .by :w. w -h. your .I-,' on behdt . bt .~/ i . . - - : --~ ;.l;i. i .:;..

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . : . . . < . . . . .; . . . . . .:.... . . . . . . _ . . . . . . . . . . . ...... . . . . . . . .,"-.&nt%.+ Corpl~uctI~ U d e d , : . . . . . . . : : . . . . . a . . . . . . . . . . ;..'........ .......... ... . . . . . . . . . . . . . . . . . . . . . . . . . . . . f . . : > :; ,..,. ....:..:.,;-.:; :. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . : . ..... . . : . . . . . . . . . . . . . ' . : .: . .

. . . . . . . - . . . . . . . : .: :.,

h y o u own hiwest, if yw want lo hove canfimaHon about fhe.sald 8ank Guwanlees, you , '

. . may pleasmite to the soid officc in !he rdd'address. W e conlirm lhat 0 w . W b a Scheduled .,

Bank derRBl Ac1,1934. . . . - . . . . . . . : ,

. . . . . . .

. . ,

. .

( .. .

. . . -

. ... C .

...... ,P&xJupfo . . . . .

23.0620lO .

:Bank Cuaar?es . .

.. :NO. . '. . . .: .. , . . . . . . . . , ---

m)51f)Gt09328000 I :_I.._--

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ;, ! :

. . . . . .:, : :, ,: . . : . . . . . '

. . . . . . . . . . . . . . . . .

. . . . . . . .

. . Bank .

Guminlee. ;

Dale . 24.11.2009

Amount . (RI); : , ' . . . . . . . . . . . . . . . : . . . . .

. . . b

34408OCO.M) .

. . . . . . . . . . . . .\lalld up ; ... . . '.. :.1*- , .,.

. . . . . ' ., . . . . .

23.06.2010 ' . .

B.G.

YYEIQLE 3.2. adtt9. WiCX o*r* cowls m, ( L I I R S ~ PuWL

4a3.n t(n ..M .......... . .. .*... ......

Bank Guarantee for Bid Security ( R e c&u~es2.1.7and2~ZO.II =

NO. )405106I~o93 2% 6001

! 1 . . In mrslderation of you, National Highways ~utioclty of Indiat havlng Its o m e at

.I G 5 & 6; !%ctor-lO, Dwarka, New DeM-110 075 (hereinafter referred to as &2

VuthaM, which expre&im shall unless It be &ugnant to 6 subject or a3nmd

thereof include its, s u e r m . and assigns) having agreed to receke me Bid bf Mle.

Page 1 of 5

For, THE I(ARUR

Manager BABU KRI'SHNAMU~Y (win

647

. . . .

. . . . . . . . . . . . . Elg Nh.. Mf.~.X.@.fih?.l~ Lao.-* - :.:,.. .

. . Q a t - . . . : a 00 7 ' .

. .

'aMontiecarfo Construction Umbd, (a Compariy registered under the CompanCes 3 .

. . .* Act, 1956) and- havlng Its .regI&red office a t '706, Shilp Buildingf C.G,Roadf . .

. . . . . . . . ~ivrangpura, . . . . Ahmedabad - 380009" (and actlng on behalf of b Consortium)

- -. . : - , (SEL ~ C L Conso,rtium) (hereinafter referred to as the "Bidder" whld, expression . . . . .

. . . . . C

' - :: .,: shari less It be mpt~~ynt to the subject or context thereof include l ts/~elr . . . . . . . . . . a 8 . . . . . . . . . -' - - ' . '.ex&tors administrators, successors and assigns), for the'"Four Lanlng of Bljapur . .- . . . . . - ..:. . . . . .

. . . . . . . . . .

. . . : ' ~ t o ~ ~ n g u ~ d . . . . . . . sctl& of NH-13 from km 102.00 to Ion 202.00 in the State of . .: .:., . . . . . . : . ; . ,. .

. . . . . . . .:. . . . . . . . . ~a&hlca. .t@ygh plbllqrrlvate pnrtnershlp (PPP) on ~eslgn, Build, .. . . . . ' . .... . . . . . . . I , . . . . . ..::. . . . : . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ' . . . . . . . . . . . . . . . . . . :- . ,:'-~.,ifl~se,. ,Operate,,and Tmnder (the 'DBWT"] basis (Padrage No.: NHDP-

. . . . ....I.... . . . . , . . . . . . . . . . . . . . . . . . . . , $I /soT/~ 'og) : Fra~ect in [DBFO7l (hereinafter referred to as "the . :.--. ' . . ... : . . :,,. , . . . . . . ' . . . . . . . . . . . . . . ::': ... ..':.'$r~JeCt") .-t to the RFP Document dated 19/06/2009 l s s d In respect d the . . . . .:. :. . . . . . . . . . . . . . . . . , . ; . _ ' ..:. , . , . ' ... . . . . . . . . . . . . . . . . . . . . . . . . . . . Project -. ., .. and other related documents lndudng without limfitat)on the draft concession : ::.

. . . . . .

I . , . . , , : ' ,~a~yreemgnt'(hereIna(hr . . . collec~vely referred to as "Bidding ooaUrnents7, we The ? . '

. . . . . . . . . . . . . . . -. . : ' : ? ( a ~ f . . . % .Vysya Bank Ltd. having ow registered office at E.&. Road, KBrur - ' .:.

, , . . .

.-639002 and one of its branches at Ashnm Road, Ahmedabad (herebra6r . . .

. . . . 'kkrred to as the 'eank"), at the request of me Bldder, do hereby 'In terms of Clause . . . . .

. . . : '. .*.1.7 miad with Clause 2.1.0 of the RFP Gocument, Irrevocably, uncondMona!ly and . . . .

. . . , . . - . . ;.'wltho.ut, . . . . resewaUon guamntee ttte due and faithful fulfilment and cornpllance of the , '

-terms and conditions of the Bidding Documents (including the Rm ~onanent) by the said Bidder and unconditionally and l r r m b l y undertake to pay forthwith to Sfie ' ..

. ~ r n 0 r - i ~ an amount d N. 3,'14,08f000/- ( R U ' ~ ~ h s a c m Povm Four l aq Eight Thousand. Only) (her61naRw referred trr as the "Guamnteeu) as our

plknary obflgathn without any demur, reservatlon,. recomet contest or protest and ,.. ' .

. . . :.without refence to the Bidder if the Bidder shall fall to Mfil or comply wrth all or W . . '

of the tens and coridltions contained in tfie said Biddlng Documents. . . . . . . . . . . . . . . . . . . .

. . . . . . . . . . . . . 2. 'Arty such written demand made by the Authority stat[ng that the BMder 'is In default of ,

_ . . . . . . . . : . . the..due .and M f u l fulffliment and annpllance with the terms and conditions

*

. . . . . . . . . . , . . ' . . . . .

.... -. ;.,. . . . . . . . . . . . . . . . . . . . . . . . . . : : & n e d i n t h e - ~ h g . . . . . . . . . . . . . . .

. . Documents shall be final, conduslve and bhlding on the Bank. , .

. . . . . . . . . . . > . * . . . . . . , . . . . . . . . . , ; ;.' . '. . . . ,.::,.:;.:;;,; . . . . . . . . . : ...

.. : . . . . . ':::we, the do hereby'"nmndluonally undertake to' pay the amounts due and . . . . . . . . . . . . . . . :

mur, resenmtion, reWJmt contest or Page 2 of 5

For, THE KARUR WSYA BANK LTD.

4 G r BABU KRISHNAMUmY (3811)

. . . .

' - protest and wiehout any reference to the Bidder orany other person and IiTespeCtlVe ' - .:.'of.whettter the daim of the Authority is disputed by the Bidder or not, merely on the i .

. . . . : . first demand from the Authority stating that the amount daimed is due to the

. . . .

1 . . . . . . . Authority by reason of fallure of the Bidder to fulfil and mply wlth the terms and .. ,

. . . . . . , - ..

. . . . . . . , - - ..'coodition~ . . contained in the Blddlng Documenk induding failure of the said Bldder to

. . . . . . . . . . . . . . . . . : - :,:k&:jts . . . . . . . . . . . . Bkl .open during the Bid validity period as setforth in the said. Blddlng . . . . . . . . . ' . .

. . . : . . . : ; . . . . ::boarm*ts for any reason whatsoever. Any such demand made on the Bank shall be . . . . . . . . . . . > . . . . . . . . . .

. . . . . '' - .:-: .. '1. : . ~ ~ ~ ~ d , ~ U s ~ . , ~ :regards amount due and payable by the Bank under thk Guarantee.

::. - . . . . . . . . . . . . . . . . . . . . . . . . :.: . : : .':.I%&;& bur liability i d a thb Guarantee r h a ~ be restricted to ah Knan not 1 . . . . . . . . . . ... :.: . ....... 1 . : . . . . . . . . . . . . . . .

. . I

. . . . : . . . < - . . . . . . . . .... .......

I / - I . -..3#c@&g .... Rs. ,3#l,08,000 f - ( ~u~ee .5 Three Crore Fovrty Four Lacs- Eight

. . .. :. .: :,.. . . . . . . . . . . . .';m&"&;rand ,only), - . . . . . . I : . . . . . . . . ..... . . . . . . . . . . . . . . . . . . . , . - . . . . . . . . . . . . . : : . . . . . . . . I . . . . . . . . . . . . . . . . . . .

. . . . . . . . . . ! ' - ' 4 . . . . . . . . . '~hb. ~uara&e s M I be irrevocable and remain in full force for a pwlod of '180 (one

. . i . . . .::hydred and =ighty) days from the 81;1 Due Date inclusive of a ciakn perlod of 60

' . :(sktyl days I. e. up b 23/06 f 2010 or for such extended period as may be muhtalb! I . ! .

. . ' ; ., Agned between the Authorlty and the Bldder, and agreed to by the Bank, and shall ' . . . . - . . . . . . . . . . . .- . ,: . ' . . . . . . . . . . . .cqtinue: to be enforceak till ah amounts under this'&arantee have been pdd.

. . . . . . . . . . : . . : . . . . . . . . . . . . . . .

3 ,the Bank, h e r agree that the Authority shall be the sde fudge to dedde as to

whether the Bidder is In default of due and Faithful fulfillment and compliance with the

and condRlons contained in the Bidding Documents tnduding, Inter da, the fallwe ,ofthe Bidder to keep its BM open during the Bid valldity period set forth in the '

. . . . . . . . q,kl ,Rlddlng.Dowments, and the decision of the Authority that the ~idder Is in default

. . . .' . . . " & ,atinsaid shall be final and blndlng ~1 us, notwithstanding any differences between

. . . . . . ; % . .

' : . . .' . .: .the A W , t y .and the Bidder or any dispute pending before any Cau* ~rtbuial, , .: . . . . . . . . . . . . .

. . , - kblpaor.or any other Authority. . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . , : . . . . . . . . . . . . . . . . . . . . . . . . ' . . . . . .

. . ... : ..:.. :.. :6. .:: The Gva*ntee shqll not l?e affected by any change In the constlthon or winding up'of . . a : . . : :.: :\ ...- : ........... . . . . ... .....:.......

or ariwlgamatlon of the ~ldder or

Page 3 of 5

I(ARuR WSYA BANK W

..; ..."...

BABU HRisHN~umy mIq

-7. . . . .1n~order to glve hJI effect to thls Guarantee, the Authalty shall be entitled to treat the . . . i

. . ' -Bank . . as the principal debtor. The Authorily shall have the Mlest liberty without

: . ' . , h W " g . In anyway the UabHlty of the Ball under this Guarantee fmm time to ilme kt . . - . . . . . . . . . . ' . . . . . . .%&.any of the t e n s and mnditkns mtalned in the said Bidding Documents or to

... . . _ :. ~. . edend,L?me foi s u b m m of the 811% a the IUd validity period or the &d for . :. .,

. . . / . .:., . .

. . . '- . '. . :- - -: . . . . . c w n g acceptance of Letter of Award by the B W or the period far fulfilment and ., . .

. . . . . . : . '.: &jlian.$e . . . . . with all or any of the terms and conditions contained in the sald Bidding , .. :' . : . .

. . . :: : .Documents.by the *id mder or Q postpone for any time and fi-orn Ume to time any , :. " *.:-, : ; . :....: . . . . . . . . . . .. . . _ . . ...:... . .

. . . . . . . . . . . : . . . . . . . . . . . . . . . d : ~ . ~ , k ~ ~ ~ c t i a ~ c ~ i t a g a h r t & s ~ a d d a a n d e ~ h e r b e n l m e o r ( a b o . r . . . . : . . . : ...... : . . . . . . . . . . . . .........<.

. . . ' . . . . . . . . ., ,fmm' e$ordng any of the bnnr and condftions m C h e d In, the said addng ... . .:. . .

. . . . . . . . . . . . . . . : . . . . . '_ . . , \ .... . . . . :.@a&ents or the securities adable to the Autherlty, and the Bank shall not be .; :. . . . .

. . .-.. .. , . . . . . . . .

:.eleased from Its liabflity under these presents by any exercise by the Authority of the ' . : .. . . . . . . . . . . . . . . . . - . . . . .. .':liberty ... ,w# reference to the matters aforesaid cw by reason. of tjme belng given to the . . .

i . . - :.%id ~idder & any other fodarance, act a a m M n r n ~ pwt of,^ Authorsty or . ' ,. . . . . . . . .

. . . .:any Indul,pnce by the Authority to the said BMdw or by any change In the m~tihr t ion . .

. .. .of the Authority or i& absorption,. merger or amalgamation wlth any other p e m or . , . . , .

any other matter or tfilng whatsoever wfilch under the law relating to sureties would . . * . . . .

. . . . . . . . . . : ' . Wx*fqthk provision haw lr effect of releasing the Bank (mn b such UabflkY.- . .

I

request, demand or othewise hereunder shall be sumdenth the Bank a d sent by courier or by remered mail to

. . . . . .

. . . 9. . .We undertake to make h paynlent on receipt of your notice of dalm &I us addressed . . . . .

I : . : . . . . , ta The Kiimr Visya Bank LM., Ashiam Road Branch, Ahmedabad and delivered . .

. , . ,

.:: . , ._ . . . . . . ,. .

: a t OF above branch whkh shdl be deemed to haw been duly authbllsed to recehve

. . . . . . . . .the.,sald . . . no& of dalm. . . . . . . . . . . . . . . :.

.... . . . . . . . . . . . . . . . . . . . . . . . . ,

. . . ... d against the sakl Bidder before . j; . . .

nk and tbe guarantee herein contained shall be en-We :.

. . rlty which the k u t h o ~ may have ' . ' - .. . .. :' .

. . Pagedof5 .., ':.. .......

. . . . . . . For, THE I(ARUR wSYA BAIIK LTD. .

L,

BAsU KRISHNAfi?UWfiY {Bfl} . .

630

obtained from the said Bidder or any other person and which shall, at the time when :ptyeedings are taken agalnst the Bank hereunder, be outstanding or unrealid.

-. . . . .... : : '11. ,We, . .. . the Bank, fwther u#lertake not .to revoke thk Guarantee during Its w t m c y ;' r . . . . . . .

. . . . . . . . . . . . except.~with.the previous express consent of the Authority in writing. _ . . . . ' . . . . . . . . . . . ; . . . . . . . . . . . . . . . . . . . . . . . . : . . .

. . . . . . . . . . .

. . . . . . . . . . : 1%- :The Bank d e d a . ~ that it has power to Issue &IS Guarantee a d discharge the ,.. ,, . . . . . .

. . . . ~

. . - . : . . - . : . , , .

. . . .

. , .: . , . . . : . -. :- .- ~.sMlgations,c?ntemplated herein, the undetsigned Is duly authorikd and has full pow'er: i. . ; .. :. . . . . : . . . . . . . . . . . :.; . . . . . . . . . ..... .................. . . . . . . . . : .: :.': t o t o , ~ ~ u p j this Guarantee for and on behalf &the Bank . . . . . . . . . . . . . . . .... .... . . . . . . .

, : . . . . . _ . ... . . . . , . . . ,. , >:.- > ..:;

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..:. .

. . . . . . .,.; :;. : . . . .... . . . . . . . . . . . . . . . . . . . . : . . .......I . . :.. . . . : . . . . . . . . . . . . % .. . . . . . . . . . :

- . . : ..,.: . . . . : : . . . . . . . . . . . . .

. . , . . . . . . : " . . . . . ... .13. Forthe avddance ofdoubt, the Bank's IlaMUty under tMs Guamntee shall be Meted : .': 'Y:..'': ' . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . : . . . . . . . . . . . . ; '.: b.h..3,44r08,~/- ( R u b . l h r e e Crore Fourty Four Lacs Eight 'rhowand . '.>:

i . . . . . .

. . : - Qnlyr The Bank shall be Hable to pay the said amount or any p r t thereof. only lf.the i: . i ' :

. . . . . . . ' ~ u h o r ~ saves a ,& dahn m the Bank In accordance wlh paragraph 9 herkf, . .

. : . . '.on i~( r A [ ~ ~ / o ~ / ~ o P o J . ,

. . . . . . . . . .

NORNfthrrtanding . . . . . . . . . .any.~ing eonbind herein: . . . . . . . . . . . . \

. . . . . . . . . . . . . - . . , . . '

(1)Oirr flability under this Bank Guarantee shall not exceed Rs. 3,44,08,000/-

Fourty Four Lacs Elgl~t Thousand only)

wlll'be'effeblve from U/lI/2009 to 23/06/2010.

the guaranteed amount or any part thereof under thk Bank ':. . . . . . .

. . . .: ' 'Guarantee only and. only of you serve upon us a Mmen daim or demand on or '. . ' . . . . . > - . . , .

. . . . . . . . . . . . . . . . . . . : , _ : . . . . . . . . . . . . . . . . . . . .:. . , . . . . . . . : . . . . . . . . . . . . . . . . . . . . . ...... ..:..... .. ." ..,.. ' , .: . . . . . . . . :;@@d'hi? ~?,NOIB~LXY, . . . . 2009 at ~ h b i d , I<ARUR VYSYA BANK :.,.. . . . :... . : .: . SAKAR.-VIZ " . , . . . . . . . .....

NEI~RU-BRIDGE CORNER , ' . ' . ' . . . ASHRAM ROAD ' .

i . . _ ..: - . . . . . . . . . AHMEDABAD-380009 . .-. '. " . - .

. . . pH. No. 26582424, 265824.75 . ' . . . . , 'Page 5 of* - .j i + '\', . . . : : . . . .

. i . . . . . . . For, THE KARU~lfisfh S A ~ { ~ ~ [ . T D . :.'.::-

. . . . . , . ;;, , :-

. . Ba111 r : . :

. . . . . . . . . . . . . . ~*~u-ulmw(&. .:;.

. . . . . . . . . . . .

. . . .

, 651 ....

F a M. :61142768184 Feb. 88 2810 83:25en Pi , .

. .

*

-agfls-* ( @ 6 - * 4 - )

National .High- Authofity of India . ( ~ l n r t n o f b w * l d - )

8. k - 1 0 , WSr, 9f w- 11007fJ 0-5 d 6, fiedar-10. DHonP. Nnr DMklIW73

id . , . . . . .

~ ~ k g r , 1 . ~ ~ ~ U P P P A & / O ~ I Z ~ ~ 1~ ......................... . . . . ; . . . . . . . . . . . . . . . . . . . . . . . .

.- .' M/s,SF,LMBL . Sadbhav H ~ , . . -

Oyp Law .Oardtn Police Cfm* . - . ~ f i & ~ i ~ A b & k t d - 3 5 0 0 0 6 . .

TeL $79-2646.3381.26405687. . . I

E-mail : n i t i n @ d b h a ~ c o m . a F a 11079 42MOBZIO .

. .

- Sub : .Waning of Biiapk - ~ u n & section ON-13 fm hnlO2.000 lo b 202.000 in the Stale . of Kmatahon Doaign, Build, F-, Opwqtt) and Trmsfa: (%BPCT'), Toll basis undmNHDP

P W I R flacksgo NO. : NHDP-rmS0TlKNTK)S) ~ 6 r e f A ~ f i O A ) - N(B.

ltek I. NHAlls lettei no N K A X ~ O T ~ I 1 0 1 ~ ~ ~ ~ 1 0 5 / 2 0 0 8 f f 153 d a M 16.06.2,& '1. Your bid ~ubrnittcd on 24.12.2009 . .

Str. ~ o ~ ~ ~ t ~ a p o n &'I 1- mdollEd a mfi&cs ad. 1. when& &I waoinfo~et l

o f A n g beon. qualified in t m of t& requimmmbi o f the bqoee t - . f~~ @difiaation (RFQ) dwuimnt and.eJilc to s u b i t I h t R c q ~ ~ t .h P t o p d p) in rsspcct of.the Project of -4- . .

la~~iag of Bijapur,; Hungund SectIonoPNH.13.bn kmlO2.oO'to b,202,000 in tho Sw'of &mataka *, Daign, BIIU.FLDMOC. Opsrate unl Trinsfcr ("DB$IoT!), Toll :basij:unda NHDP, Pime-1e (Padage No. : MHDP-IUVBOTlRNTN)5)w (''Pmject'') aid codde@g yaw propoaal in

. . . . . . . thia tegd,iubmtttcd 24.122009. .vide Rof:2, NHAl he;rtby wceptn, .your~propoFal qu&g a

p~it ivc fiat11 of Q. 2.73.60 (Xweo ( ~ u p a Two Hmdnd sod at* t@rceimrq and Sixty La& only 1 ' . . IIS ini;iuJed in 'Appmdix-1 .of your Rid Documcnt(i.a Price ,M) dd.decIm'e you as the..'!SeIected Biddar" as pa. providion of RFP h)oaunenEs. Phase note thbt the'motqt bf graut.payable by ffu . .{ . .:

.Authodty shall m F O ~ with (he provirions ofaPP Jhm&. *Cc~i~ce&ion Period is , . . .

. . . . . . . . . . . . ..................... 31 P'*l~.rcvc. ~ . . . C o ~ p u , . of 910 (N* H e . . .+...~~~.:rla>">".*m..*~ . . ... .: . . . . .

. . . . . . . . . ~ . . . . . . . r~ppoint4pate"... ;.::,: : . - , , . . . . . . . . . . . . . . . ..; ....: ;~ . . . . . . . . . . . . . . . . I

. . . . . . . . . . . . . . . . :.,,..2 i ~ ~ r d ~ c o w i t h ' t h a ~ l a u s c 3 3 3 o l t h e b c ~ ~ ~ d ~ m ~ n l ~ l u m ~ - ~ , , ~ c o u & m ~ u a s t c d t o ~ . . . . slgr tilo cibpliate copy bf the LOA and ntum b e m e a8 your owledgmaot within ?(swpn) :. . . . . . . . d a p ~ f ~ d p t ~ f m ~ . ~ h e ~ ~ w , m ~ I o q a L c d l o ~ ~ ~ . ~ j p n ~ f a c l l t ~ t h i n . . . .. :.::... . . . . . . . . - . . . . . . . . . . . . . .

-: . : 1.3~ f ~ h i a y j d , , , the dm of isJue of LOA . . . . . . . . . , . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . : . .

. . ..... . . . . . ..: . :.: . . . . . . . ::.;..: :.;,.:.:: :..: '.:..' . . . . . : : . . . . . . . . : . '. .; , . . . .

... :;.; . ...

8

......

. -

652

- - ~ r n ~ R a imp- - -b-mw-qt-

b ~ ~ g e ~ ~ ~ ~ ~ ~ r n j a ~ ~ 3. jl.rn-Edta38,-

I I

P q N a : - m m C % m & ~ r n ~ ~ a ~ f f ' ~ r s $ 8 . W . J k M # A T ~ a s c q p ~ p $ p & ~ n -#~k%%a-~~wWad&w-&mrn* 1 *WMMh&mSx-l dmBld-.wm036-m~w*~rdaabd w* plGfSM6uOlim-~a 3 % % M ? a r s ~ r n ~ t ~ $ $ M ~ ~ t h & .il*r.lbGbp*-Mtbi~fiamaCm-%*wt = n e m ~ - ~ - o f % 9 x a m ~ d m f & y r h * - *-6im",- - .

. . . . . . . . . .

:, - .. *suuJ&vHA1...

laoosdnhd$dm*d :& AhnUldd- .:.SADBHAV Td : ~ , 2 ~ ~ 1 W

-. ENGINEERING ... '!I rbo--hl(d -i

. . ~ ~ l O ' k r r 9 1 0 2 P M 4 a n 1 0 . . , . -. hndCwlQ-.m

.. . . .

ME: ' . kefi SEl/NHAI/B-HI1332 d: m.*.-, G L.:::; AN0 ~NlrUCIORS.

. . . . . . . . . . . . . . . .. - . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . : '-. 18"anuar-y 2010 . . . . . . . . . . . . . . . . .'.

. . . . . . . . . . . . . . . . . . . . . . . . , . : . ' , . , . . . . . - ..: . . . . - . . . . . . . . . . . . . .

. . . . . . . . . . . : . .- General Manager (KBK) :. : . :.. '- . . . . . . . . . . . . . . . . . . . . . . - . . . . . . . . . . . . . . . . ( . . _ . .

. . . ' . . . , . :. : .. Na.tbsal Highways Authority of India.(NHAI), . . . . . . . . . . . . . . .

. . . . > . . . . . . . . . G - .5 8t 6, Sector - 10, DWARKA, : ..:. ... . . . . . _ . . . . , . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ' .... New Ddhl - 110075. .. . . . . . “ . . . . . . . . . . : . . . . . . . . . . - . . . . . . . . . . . . . . . . . . : . . . . . . . . . . . .

. .,. . . . j . . . . . . . . . . . . . -. . . . . . . . . . . . ._ -.._ . , . . . . . . . . . . . . . . . . . . . . . . . . . . . . - , . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . \ . , 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ;, .,

. . . . . . . . . . . . . . . . .

.... ' . . . . . .....:.... ; . . ..... . . . . . . . . . . . . . . . . . . . . . . . . . - .. . ..:I. ..::. , - .K~d.A&tn.:,Mr..Yishal,G.up,ta . . . . . . . . :. ..,':: : ..- . . ... . . . . . . . . . . . -. . , .

.- .:sub: :Four Lanini of :BIJapw to kungund :~ekti&n of ~NH-Z~:~&. ~rn. . ::.. . . ! . . . . . . . , . . . . : . . - - . . . . . 102.000 to 902.000 in the state of. Khataka ,,on DBFOT.Pattern :,:';,: :: ::":; . .

. . . . . . . . . . . . . . . . . . . . . . . .:, . . . ., , . ., , . . . . . . . . . . . . . . . . . . . . uncier NHDP Ph- XIf. : : : . . . . . . . - . . . . . . . . . . . . . . . . . . . ., . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . - . : . - -Clari!iqtlons . . ... . . . . . . . . . . . . . . . . . . . . . . . . .

; . . . . . . . . . . . . . . . . . .:. ' . . . . . . . . . . . . . . .

" ? : ' . . . . . . . . . . . . . . . . . . . " . : .. . . . . . ., . . . . . . . .% . Ref: (I) Our bld dated 24.12.2009.for . . . the.above.skld Project

. .

. . . . . . . . . . . . . . ' (N)Ypur letter No. NHAI~BOTI 1 1 0 ~ ~ ~ ~ ~ ~ ~ N T / 0 5 / 2 0 0 8 / 9 6 0 8 . dated . . ' . .'

ih.oi.2010 ' . . . . .

. . . . ..; . . . . . . .

. . Dear Slr, . . :

. . . . . .

with referee to the cap&ned subject -dnd your above t-efemd .letter .we ' .. , '

submit that 'the.Mnted out changes' from the RFP formats are.purely due to

lypographlcal enors and -we do not Intend any.changes in the original formats .In the RFP.

We hereby unwndltlonally canflrrn our adheience to the orlghal RFP.~o I -~&~ . . . . . . . . . . . . . .

. . . . .

2

VI*~ --fi *rul. i.1-:0~-11-m4-4m

~ ~ e i t 7 a j m r i F a i m 4 ) . . ~ I F U : Vl-11-2f4WS7 1 Z50WW4

.National Highways. Authorjty of India :.-..!" Z?n rn* l.2565 . '.: 33 . . : .... . . . . . . . . . : . : . ~ s b y o S R o a d T r a n s p a t e n d ~ ) . . . . . . .

, , -%$ 8 . ~ - 1 0 , ~ , ~ R P d t - l 1 0 W ! 5 . . . . . . . . . . . . . . . . . - - . i . -as. !~o~P-Io, mrkr. ~ m ~ l t ~ m ~ . . . . . . . . . . . . . . . . ' . . . .

: ~ H A ~ ~ O T / ~ ~ O . ~ ~ / P P P A C ~ K N T I O ~ / Z O O ~ . . . . . . \q @ . . . . . . . . .

- . - 14.01.2p10 : . . , . '.. - . . . . . . . . . : _ . . . . . . . . . . . . . . . .

. . . . . . '. '.. . . . . . . . . . .

. . . . . . . . . . . . . . . ~ . . . . . . . : . . . . . . . . . , . . . . . . . . . . . .

- . . : . . . . . < . .

~lssu-Mc~conswti~n . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . : , : & d b h ~ ; ~ ~ ~ ~ ~ . . . . . . . ~. L

,. . . . . . .. . . . . . . .

.' -0pp. l aw Garden Pdice Chowici . . . . . . , . . . . . . . . . . . . . . . . . . . . . . . '. .; :-Embridge, : . .' . . . . . ~ . . :., . . . . . . . . . _ . . . .. : ' 'Ahmedabad - 384.006 : . . ... . . . . . . . . . . . . . . . - . . . . . .

- I E~x.N?, 07!4-28400210. . ' , , ".. . . . . . . . .":. . -. . . . . .

. . , . . . . 'Sub. : Four. Laning of Bijapur to Hugund Section if ~ ~ - 1 3 . . f k m Km i02.000 : . .

, to. 202000 in the State of Kimataka on DBFOT pattern under . . NHDP Phase Ill .- . . . . . CiarJf@tions . . - regarding

Ref.: your bid dated 24.12.2009

- Dear Sir, .

. On scrutiny of your bid submitted for Four of Bijapur to Hugund Section of NH-13 from Km 102.000 to 202.000 in the State tif Kamataka on DBFOT pattern under NHDP Phase Ill, following ate obse~~.ed hi the formats in place of the format originally supplied In RFP :-

I. Appendlx I. Point No. 16 -The words 'capital less than" appears instead of capital not less than.

2. 'Appendix Ill' - "Power of Attorney for signing of Bid" and Appendix IV - 'Power of Attorney for Lead Member of Consortium" as submitted by SEL: - MCL Consdurn - the word IYhings lawfully done".. .appears -instead of . . .

. . . . . . . . . '

.?hi is done" . . . . . ._ .

. . . . . . .

. . - .-.3.' Appendix N - 'Power of Attorney for Lead Member .pf C.onsofiium' -the . . . words ,accept the letter of award' are missing. :, .: :.'. ': ,:: . . . . . . . . . . .

. - . ' . . , ..:: . . .> . . . . . . . . ..,;, .:: , . . _ _ . . ' I . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ._. . . . . . . . . . . . . . . . . . . . . . . . . . - .

. ' . . . . . . . . . -4.. .. ;?!ppendlx-I, .Paint No. 6 Instead of 'an arbitral, or. judicial m$hori!y or .a . . . . . . . , . ,: ' . : : . . . . . . . . . - -. . ' jug*' pronouncetnwf. your flrm has mentioned :<n ad$bal ,,&r .judicial

. .

. . . - . . . . . . . . . . . . . . . . . . . . , ~. ... . . . . . ~ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ; pppunc6ments' . . . . . . 0 . . . . . . . . . . . . . . . . . . . . . . , . . . . . . . . . . . . .

..':5, : r Appendix-I, Point ~ 0 . 1 7 - Instead of 'Financial dm. of .the :Your .: ' . . : . : :'- . . . . . . . . . . . . . _ . , . . . . . . . . . . . . . . . . . . , . . _ . . . .

. . . . . . . . . . -.fi~'h.as.m~ntloned 'COD of the project" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .:_ . . .:. . . . . . ... . . . . . . . . : . . . . . . . . . . .... . . . . . . . . . . .... r > i..: . . . . . . . . ..... ..... .,_::: :.; . :;.. . :..: .,,, ;.: . . . . . . . . . . . .

... . . . . :Contd. ..2.. - ; .: . . : . . . . . . . . . . .

. . . . . . . . . . . . . . . . . . . . . . . ..: . . . . . . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . . , . . . . . . 658. . r

. . . . . - . . . 12:: * I

. . . . . . . . . . . . . . . . . . . . . . . . . .

.. - . . , - . .

. . . . . . : . : : 6 -, Appendix-I. Point N i l 0 - Insteaci of 'any right or remedy .Wich.l.Ycyr firm : :.;: . . , ' . . . . . . . . . : . .

: ..has mentioned :any right.Mic)r". . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ' ; . . . . . . . . . . . . . . . . . . .

. . . . . . . . . . . . _ . . :. . : . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . i . . . . . . . .

: In view of the abwe observations, confirm your .position :a respect.to .::. :: ,:.. ' . .; "

. . . . . . . . . . . . . . . . . . . . . . . . . . ... . . . . . - , '. ': . j original .fo,miats of RFP, ', . . , - - . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - . . ; .

: . . : . ; : . ' . . . , . % . . . . . . . . . . . . . . . . . . . . . . , . . . . . . , ..

. . . . . .

. . \ . . . . . . . . . . . . " .

: . . . . . . : . . . :

. . . . . I . . . . . . . . . .

.. . .

. . : . . . . . . . , . :

.. .. , . . '.

. . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . , . . . . , . . . : . . . : . . , . .:.. :

. . . . . . . . , . - .

. . . . , . . - . . . .

. . . . . . . ... ; - r . . :; .:: . ...: .. ~ . . . ,

. . . . . . . . . . . . . . . . . .

. .

. . . . . . . . . . . . . .

. . . , . . . . .:. . . . . . . . . . . . . . . . . . . . . . . . , .

. . . . . . . . . . . . . . . . . . . . . . . . . . . , . .

. . . . . . . .

. i . . . , . . . . . :. . . . . . . , . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - . . . . . . . . . . . . . . . . . . . . . . . . . . . . \ . . . . . . . . . .

..... . . . . . . . . . . . . . . . . . . . . . . .

. . - . . . . . . . . . . . .

...

. . . . .

i !

. . . . . . . .

: . .

. . . . . . . . .

. . . . . . ,

. , . . - . . . . . . .

- . - . .. To, . . . .

. . . .

. . . . ., .. . .

. . . . . . . . . .

. . . . . .

. . . . . . . . . . . ...... ... ... . . . . . . . . I . .

. . I . . . . . ; . . . . . .

. . . .

. . . . . . .

. .

I

. . . . . . . .

. . . . . . . . . . . . . . . s

We wiih ~ ' M o ~ Y O U mat a spsdsl P- v e w (spy) &., Byaqur.. 1

HL"OUM To Iwa~ mvate Umtted ..for .mmntiw tho Wbjm pmjed is ! i"mmbd on. Zp &bnlal'Y 201 0 .~nder:(hs ju"q&&im of Registrar of GYBmt heaqng GIN V45203GJ20~~PTC059669, . . . . we adosing.

lwewith the f o l l o ~ : . . . . . 1

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Under ths of of *CCei%)1~8 dbd above, we h e w authoris& MIS W U r - H - T o I W *te Unikkl to ekecute the Oonmssh Agreement for and on behalf of SadbM Engineering Limited.

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d@nficilti~, we All be pleased 40 fUn i i& :h s e ~ . . . . . . . . . . . . . . ,

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. . . . . . . f banking YW, . . . . . . . . . . . . . .

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Form 1 . .

CertMcateof'lncorporatfan

N-: ~ 6 ~ 1 O ~ p s ... l,; , ..mo I w . @ M w w - TOUWAYPRN TE UA(IvD'(J Ihb day ~ a t r d ~ * ~ e n i k ~ l o ~ ( ~ o . i o ~ l 4 and!hathamyay,.,

. < .. ,. . a . . : : . .:. . - .,.. . . . . ; . . . - - . - hJtsd ; . . : . . . . : : . . : . : . . . : .:. - >. .. ::. ? .,.

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QWA w&r my hd at Ahmadabad lhts Twenty ~ecocid day d,Fsbrurvy Two -& mousand?an. . . . . . . .

IBJ THE OBJECTS INCIDENTAL OR MCUAP3 TO THE ATTAINMENT OF UWN OBJECTS ARE : 1. To acquire, build, construct, improve, devebp, glue or take In exchange O r on lease, rwf,

. . Mm, occupy, allow, conlrol, mainieln, wta, .run, sell, dispooe d, cany out or alter as be no-ayor convenient any lemehd or freqhdd tands, movabfe or hnmdvable p r o p i b , .: including building, worltrrhopr. warehotm6, stores, easement or e'w, maChinsries, plant, work, st& in tmde, inbtr lal colonlbs, rptvpniences together wifh ell modern amenlks and faciliiies such as housing, sctiwls, ho%IUs, water supply, sanitation, tarmshlps and other fadntiss or propertlee whlch may seem calculated directly or indreclly to apvance the r n W S objects and Interest either In considemiion of a gmss sum of ,a rent charged in cash or sarvieas.

2. To apply for, purchase, acwlro. and proted, pmlon~ and r # ~ m In any parf of the warld . any pakntr, patent rlghls. +revets Utnventlon. liinces, protections and concessions which

my appear likety ba @ a n ~ o u o qr useful to the company and to use and turn to awml an6 or prant l lceMs a p r M b ~ ~ s in respect of thg ' q e and to spend money in experlmentlng upon and t- iqki roving or eeeMng td.impmjs any pafenls, inventions or nohh whlch the compmy may aq/lire or pmposep to acquire.

3. Tq establish, provide, dntain.and condud or subpidise research laborstorlet Bnd Wpr&lal J worksho~s for scientifk end !technical researds:. em-$ and tests of all kinds end devlces a d o r 6 rpdnsor or draw out programmas for proriro8ng.sciehtlfk, l e W ; social, economic end educational research and development and assht In the execution and promdon of Wch pmgMunes ellher dlredly or fhrwgh an hdependant agency or in any other manner, dim or i n d i i and to ,secure :such approvals, OXMY)U~S andlor recogniUons under the Income fax Acf, fP9 and any omer law for me time bdng in fbm and 10 prwnote siudies and researches bolh scientificland technical i ~ t l ga t i ons , endowing or assisting labarataries, workshops, Ubrarles, lectu(ea, metIngs.and conferences and by providing or oonhiblbullng .h award of scholarships. prizes, grants to studenls and generally to murage, promote BwsnDons of any kind that may be m b d useful to lhe company.

4. To -Form .lwmporete, p&te, purchase, &uira, &eke or fakeber, the Mda 'or any part of the +sheas, @&ion, goodwlH. awe&, pmpertles (movable or Immovable), mtrecta, agreements, rights, privilwqs, effects, ooblgarions and tlabliies of.- penolu, fkm a c o w or companies ceny.'ag on all or any of proposing lo carry on or ceasing to cam On ahY business, proleGIon or adMlles which the mpany Is auU1orised to w r y on or ihe aCqutsHion of all pr Pny of-the pmpether, d&b and ?lets of any company w sub]ecl to ttw provis'ms of Me Companies Act, 1956, Be cgnhl a@ management of fhe company or the haundertaking of the acq&Mans of any:other object a objects 'Hrmch in the opinion of the Company cadd or ndQht diractly or inBm& be ~eneficiicial or a&antageous to. the Company end to pay all or any of the coda and expenses incqred in connedion with any such promo#on or lncorporatlon or taksovarjor acgulsition end to remunentts any pwm, firm or company in any manner, It shaH Ur& ffl,for serviws rendered or to be rendered for and In mapect of such promotion or lnc~rpbratkn or LakB&rr or acquisltkrr or In oMaining wbgaiption of Or Ule placing of eny shams, slocks, bow&, debenwed obligations or seeurihs of any such Cwnpany or companies, subject to the p rovk io~ of the Compmles Ad, 1956.

5. . Subject LO the provisions ' f applicable law to p r o m reglslretlon, inoorporatbn ff @-Ion of the Company In my Ln . try state or placi and to establish and regulate a ~ e t ~ c i e ~ lk purpose of Ik'cm$my's bwhsto and to apply or jdin In epplyiig to any p- local pvsmnent, &ripal.or ofher a- ot body, Indian or foreiQn for 6W rights 'of privileges that may u ~ n c4ndudve to company's objectg or r ly of them and to oppose any bills, prooeedings or apphticm which may seem 'calculated dire* or indlredly'to prejudice the Company's Interns1 :

6. To e@& Into parlnerat$p~m hny arrangmnmt for s h a h br poling pmfb. amatgambns, UniDn d ~ ~ a r , j p i n t v ~ , ~ ~ o r . b a F I l a i q a m a t e w M \ . a r y p m a company on ai engaged In or about to cany on m eneapecl tn any btsfnes, underlakh.rg arfransPdior*swhlchthis to cany on or-angaged in wy h s b ~ ~ , undertakhg

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. . . . . . .or 'trenSdons whlch may &rn capable of being &wried on or conducted, so as diiB'cIly . . . . .

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i?&eeUy, lo' beneW fhe company. . . . . ::. >,.. ...>........:. ..: .<.:,... : ..: . . . . . ... . . :.:. :... .::.;..: .... :. . . . . . . . . . . . . . . . . . 7:~. . .Toacqu@;.or aWg8mete. absorb..or merge wUh. any other compa&or own&ies or $ fob. . . . . ':. . , . .

,. m t ? : ~( l$sic l iuul~s: ,bavin~~~Is~ al.toge~er..or.,in .pert .s,Mar to ..those of,this .mpeny.,. . -. . . . . . . . -,- ,..\ . _

8. k'ina.- gell, *pose off, ii, let&*, exchan8e. redeem, underlet, granl leases, licences. ..easements or turn to aamrd or othenvise dbDwe off in anv manner the W e d Ihe undertSlrino . . . . , .. . % . '. ar-at+qroperties.(m-ar inmova~), assets, rfghts; and of the c&pW7;oieG . . . . . . . . :. . . . . . .

part~themf;;on:au~-terms and fol. ~uchpnpose?r, and .for. such . . :. .as.the,cornpa~ .... : ... . . . . . . . . . ,.may.adnk P~:ad.h.~htrir~b.*~.dehbrrs;~sku~=~~1I.YM . : : :: : . . . . : .:.

. . , objects f&goul(,r h pad sbnkr.:tq !hcxe .of lN9 Company a&l in the .of win-. up: of. . : - . . . . . - - . . . .,

. . 4k.,Cwpany to~dlstn'bute amcng the-membms In specie or khd any properlkw or assets d.W . . \ :. , ".- . . . . . . ., . : :: ,. ...... : ' ~ ~ ~ r ! ? ! y ; : ~ . 3 n v r . ~ s 4 sda or dbposal of . . a* ,$wbrUes o f . : h Company, subject to the . ... . .

. . . . .............. , ,:....; ..;. . . ~ , o r : & ) . ~ , , & & : ~ : ; , , m l :..':;. .:...;<,.:'.:; 8 : . . r . . . . ..,. .:. -... .. . . . . . . . .,., r.:.::.:,: -.::..( .-. -: .: . . . . . . . . . . . . . . . . . . . . . , . ... ; : : : ; : . . '. . . .<:-. . --..' - . . . . . . . .

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ngemenG w~hanygovemrnent-or.du~~@tlas munldpal, i&l:or any . . . . . . . . . . . ,.;:.: ; .. ..,;'., .: " . ~ ~ i ~ o n ~ d ~ i . ~ h ~ & ~ ~ b r o # l : t h e t . i n a y . ~ ~ ~ m ~ w ~ e . . . . (0 the.d+& h. mmknyor, . ;.:,.;. :.. . a i . . . / '

: . a n ~ ? ~ f ~ . ~ ~ ~ : ~ ~ n d ~ t ~ t&w;hf.' 4:6eciire;'quire,: &In Vrom y c h government, aulhorifies; ' ' .. : .. . . . . . . . . . - . . . . . . . . . :..persons . . or c&pi-lriy iany::&$$ phAegss,'.p6wers, authotity;chariers, qmtr&s,'lkene$s, .:.. . . . . . . . . . . . , . . . .

. . . . . . . . ~ ~ ? ~ " ~ ~ . j . Q ' , a 9 1 . . : d e ~ ~ ? 9?!?39lchthe . :.9f!m~a.o~. . . . m* think .... ... desiraM, ...: :., .. i ' _ . . : . . . . . . . . . >,.. : ... . . . . . . . . . : . . . . . . . - 10: . TO ..pay. all ..&acees an4;&sei.:d '.and incidental 'to'the . promotbn,:.fa&ation, . . . . ' . . . . . . . .

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Ffliptria!!% ~4iW9?sh0?99.0fof ~e;.Qmpaw..and.c.~es in.mnnectbr thwew#h.:andI or .:. :.. . :,>'.,.,, ; ' . .. ' ..' : . . . . . . . . m q k ~ ! ~ L ~ ~ ( b y - , W ~ , o c ~ ~ ~ ~ ~ i ~ s e t s ) .@..rqu,+t?.. by @o!tni$it. fWty,.&..partljr.baid ' . . . ,

. . . . ~~ilw~.by,a.-q!!.:qLo~tfpn~pn:;&eres,. debwturss,. ~ e b e n t ~ t o c k s or i e c @ i i . o f .W ' . . . . o~lW~Ig~.heT-cqcq~ny.0r:~~..~~othei~~:nwr. wheith'er.wt of the ~&pwy's.~captcal;,w.pi@its , .

. Io;;~~Y: pgml .<Rm . : b l p p y , @sshMp ,lo .pla*..or. ~uaragteehig tho.~,~bscripti.m of. 4:Ver; . ........... . . . ~ ~ ~ ~ o f h . e . . : ~ ~ ! y ~ I n o r : a ~ t : t h e ~ f ~ . a t i ~ , n , ~ . ~ p m ~ o n of .fhe.Cqpany or.fgr any'ofher. . . .- . . . . . . rea,yniwh'~i~.ee.mpanymey.fhlnk ,f#:a~]@ k the.pw!si?vi of . . . .thg.Companl$&.~ct, .1956. . . . _ . :

. . . . . . . . ' .>.... ';,i:;:.::. : ........... .-..: . . . . . ;.. .., . . . . . . . . . . . . . . . . . .; . . . . . . . . . . . .I!. k#q k.&y?+ny w:phpan&,h.4-g sub:;% gm.iar - - . . . . . ,,

( W W , . ~ ~ ~ ~ ~ ~ ~ d:llm d br :*. lupor .d wukw wor:?~,w..fhe b%W,'.rbhta ' . . . . ,

or!far'any othk 'purposes whit$ may &am diwdly-or In&w . . . -.' 1~ . . . .

.calWed.:lor . . . bansAlAh@ Com(zsfiy: and .:to ,undaw@e. shares and,securllieS meretg..:. .... : ;, ... ; . . .: . . . > . <..;. ,,y:,,, :. ;..::.... . . < .- , : ........ .... .::;::.. ... : . . . . . . . . . :;.,. . . .... ...

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. . . . . ? ~ . ' ~ ~ d o : d ~ & ~ a n y - a f i . h : a b o u e : ~ ~ . i n l n d i e a ~ l n ~ ~ ~ ~ d t h e . w o r l d . ~ , ~ s , ~ ~ ~ , ~ , . ' "" ' . c ,

. . . . . . . . . . b r a : t r t c s l e e s .md &*.ahme w.ln conJm.p3U! .&mm. : :. . . . . : . . . . . . . . . . . . . 13. S U * : ~ , ; S . ~ . 5 M of the .Companies- A&.'lk? ud Ihe ruk ' framed lhereunder and

' .Mi .2.16-d3:w:@R- ?Dank. of I* to w.: mo ney, .:tak@ b.: . " ..,,: .:: .....

~ F % : b n :.$++pq1b,*mcpI , h y W & nwem.yt sde.ncies,:bo-pu.ttive . . , . '

socie:W,:'!pon~,: ~ ! + ! b " ' l ( ~ l . : i n n n s k @ \may.~os ,the Cornpa@ b a y W fB '.and In . . . . . . . pew;;@. ~~~$?~~~df.PdWtU.rerlrerlrerlrerlrerlii' :de@~.re-stoCk, OC~rpe~~.'indrding:debe~um: by . . . . . . . .

&WW~:i.Wi . ~ e : i . M o . . ~ :d:$k:wny6r:psirpetuel Wutties, t%d .,h'&cW~j;. . . . . . . ~ f ~ i % ~ i , w h ~ . @ . ~ . W.. :dw# : ~ ~ d tq ,nmWgeage,. Y-be-, or &awe . . . . . f i ~ . ~ @ . ~ : : ~ : I W . ~ ~ ~ . . d ~ : . ~ . : - ~ . ;:1piwabW+ ., s: qr hvenue 'bf ::the . . . . .

~ ~ T j ? ~ ; q ~ ~ $ ~ . ~ ~ ~ b. I-d ~ p v a l ~ . , , ~ ~ .or o,,fan&i . . . . . . s : - , w i . ~ ~ ~ . W . . : ~ . @ ;q i .@, ; t rus l ,~ .b . .~~ :~ the , tandeck telVpoyx.$.sab...gnd.'ii~. , . . . . . . . . . . . m : ? S . n i e y ~ : ' * ~ ~ t e n t ' e n t l l o purcham, r e d m or payyoff 'ai such searrltles. '

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. . . .Tb;(?omphy:&@i :&thcsny;;on:jsny, wng. or ..inwm. bwfn,ess ;,wb may, fa#.:.w#~n .,: . . . . . . . ,.... :.-: ::. .: '. ' $ B . ; f i d : . :Rwletlpw. :A@, .;I949 ~or;lhft:.l~-:, Aql, .::j938. -re-... : : . . . . . . . . . . . . . . . . :: . . . ...... ......... . . . .

-*. :;: ~;.:~~::;:.,~.~,:,!.~' :.<. ?I !<\..::.;,..:.,, , .>: ..... : . . . . . . . . . . . . . . . . . . . . . . . > . . . . . . . . . . ....".... ..: 14. . To,@.k?.::P,~I. ac@pt,:endorsei.di&ount, ...& mte , ,neggatial&' a&lpi, A d .iswiq.,oheqyes, : . . . : . . .': .

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C

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inslnfmenls and securiles of ,any company oi d any suth~rlly, cenk . stab, municipal, 'local . .

or bf any person whomsoever whether, Incorporated or n d i m l e d and genedy 'to guarantee or become sureUes for the parformtjnce of any contracts or abligd*ms of any perm; fmf i , .~ . company aqd to guarantee the repayment of b ~ . with inteWavaReU from F k r a e . . instilgli~k,,,Banks. Private F b ? ! , . . . . aVdkd by any prw, cofyany, firm, adoly,:p?t~.Pr*

. . . body WPprata.. . . . . . . . . . . . . . . . . . . . . . .

l i i g~braritce or become lleble fot the pedomance df the obUgati0ns:'and the payment of fntemk on'any 'debMures or &tielof any company;mporation.or a s s d a h or a persons In wNch such~guamnteeS may be ~ W e r e d ~ f i a r e W f or advtintageous, ,d&eclly.or indw to fut'tk:.: the -1s ~f the Comwy:of W # n t m of the members.. ... .. * . . . ; . . . '.:. ' : '

. . .... . . . %. . . . . . ... .. . . . . . . . .: _..> . S u m to the pmbbns of the c&paile$ Ad. 5956 to. accuniul~te .b& dnd 6 Inve?.w .: deal In wlth end invest mnoy belonging to the Company In any ifepaslfs, stmres, s f o h ; ' debentures.. debenture-stbcks, kinds obligations, or: securities . by orlglnal subscflptlon,. partlcipalion.iri syndicates ,having slm#ar objects and ta -tender. purchase, .sxchange'.and to subscni. for the sarnwand I@ guarantee the subscription thereof and. to. exercise.and enforce

......... all Ulo &hts and -powers wfened by or lnddentali:{o.:the ownership thereof., . . . . . , . %

. ., . .i .. .......... To ow and apenrte current; arerdrefts,.loen,'kh crk&l"oi.deposit or any dher'lybe of ac-nt,s..wHh,a~y bankp, cc;mpany..:.flrm, associatiqt or person. . - : . : - . - . .

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a s f u r r y o r , p a r l l y ~ f ~ ~ s m ~ m a c t o b e s a n d e r e d ~ g o r a s * & g t o ~ . . w . share9 in :.tha'. CofIipiJny's c@l@ or any debentu~s,..debe$~$ock, or W. socur#ias, ,d.?&ii:. comb in or about the foni@ktn or pmmoUon of +.'Company . . or for the condub1 of its @sW. ,,.I

To underlake. carry out, prdmote and sponsbi rural orseml .urban or .urban development, including any programme fq promoting the socM and economic welfam or uptlfl of the public in .any'buch stiw :md to Incur'any expendllute on any programme of ~ r a l , semi~urban and

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urbandevelopment and lo as$kt'ex&utlon'and pmrnolkn t h 4 M either diredly or through'.: an Mapendent .agency or h any o ib r manner.

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~ o ~ ~ ~ d ~ i s t i ; ; . ~ ~ ~ . ~~~onlr~bul~;'$ubs&~, promote, 6upport.y aid or assist:or guarantb money : . to charlla3le;;-benevaknt kllglous, scientific, national, -puMic or to. other institutions. funds .': or obi*, or for any pub&, gene@ or oUler ob jes and to accept gifls, bequests devices and:;'dona$ons "'from ' &y!fim, @inpany or persons. as ':may. be thought appropriate 'or,- . . . . . . . conducive to the 'ititeresf of, Ute Cwnpany. :. . .) :*.

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To create any depr.+tion fund, reserve knds, sh!q fund, hsvance fund or anJ,oUyr ?pedal ., ftmd..$hjher fwdemdatpn or.for..repalring, ImprouLng..~~encTmg. or ma~nWng any:of .the propertiea"of thd 'CompanNor fa rademptlcn of deb&Luies; nAemable prefarem shares or . graMty or pensMan' or for any other purpo? conducive to the interest of the Compfmy.

667 . ,

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24. ~ubJ8ct to S* 78- of the Companies A@, 1956, to place;:n#ienre, dlsbibute. 8s .&Idend cw . . bonus or to apply as the Capany may Itim 'time to time determine any moneys recetved in

Issued al. a p m b m by the Company.

..*~,y,TT~:i..m@p::gpky. : ~min. . .W in..-In& : o t . . ~ ~ e w h w e ? ~ end d h b s age*, ... . - ' : m m g @ . . 4 h W . . . @ h t a I % ~ ~ o a i t m othes em-ee and IO ,remunorats any

3'"i'r' ..:auth.'p*~.&_.;~.{*aq,rhal b&',@,,, fY b or to any : ' - ~ r ~ : ' ; ~ , ~ ~ $ ~ ~ r $ ~ ~ ~ ~ ~ O N : @ .... ,ww,.m'&eralPy .to pM for .fh6 we- of mployees, .

. . i l ; ,!,, 3:..<$..:!....."'.<..!.. ,.! : . . . -28.. .'b rsfer-q ag~:btp, .pf4~. *.ny&d!m, &and*, dlaputes. or iny other +&lo& by or'ag&;s( .>:.,.:..> ........ ,...'. : . ss> .,,.

: .:- .:.qpaoJ':or. In whloh.,$he:qqpny J s , l n t e W ..or ~.oomimed ,end uh.hw.'bslween the . ._:..-L ... ..* ,:ii,i. ,?..&i:?& &&,,&ber'or .:* at ,bl,j:of,thak ir-Teprasent*s or * : ..

'.: Company grid UlIN party, to.erMbaion h India or m eny'pla&e outside lndla and ..tq obserw, . . . : . ' . . . . . : " : ' ~ , ~ . , . ~ 3 $ : : : ~ ! 1 ~ ~ , ~ i ' : . d e ~ . d s , . :manem3and- tMng8.b aulor &force the wards. . . . . . . ,..:.:i.. :;... . . . . .

'. ..27 ,.~~:~:,:f~~aS..~d %'Tp k&:pdmarks freds.mune6 ... IM bmd names& 4 h e ~ ~ ~ ~ s b e s ~ . ~ ~ ~ ) u l ~ ~ ~ pmksts and A,.. ............ . ..2,:.::.:ir - . Wmsking .know the lnmiwxbahd prorkrds In'whkkthe ldompany ... , : ' . ' . . : . t . ~ , ~ ~ ' ~ & : ; w . .. . . s(iijin cexpedbnt :and)\,, .beruarb ..by on...db,' -, . .. . - . r ..& :. \ . ..." ..-- -:;;,. -. --

::. .. . , , ~ , ~ C : . C ? m @ ~ , ~ ' , ~ " by drcutare, -by xpenlng -stalls snd 'ahfMkm, by ;:;:,?I?- ,..,: .... andkswaids,;-~ ?.of %-s.a.tlnd . ,:... .: . . . . . . . .-..by- -:pw.and by. Fantlng 'prlEeo, r-h

.:__ . . . * . . . . . . . . . . . . . . . .

28: ,. ':?o~.wMab ;tlig: @syment.:of ,a#. rent d'..th. parforma& of olf m&enants, . .

~ : ~ 5 , W ~ : ~ ~ ~ * g . W ~ t ~ ' W n , ~ ' ~ ; + " d ' ~ ~ d by ,@w:lttqe !ha! may b e g s ; ..i?:;:. . . , .:?$s&ndibor, WuWby. the .Company.:,- . ',j:':, . . . . .: ....... . . , . . ; ......... , ....... ; ; . .. .... : 5 : : : : . . . . . . . . . ~,l,-.~fb.:~~~~~~~~~.ororb..enter~ter~nlo ...... any. agreement with any inelitutbn, as&albn or .... : : ~ ~ . e e n u k t o : . h , , C ! t : : ~ . ~ . W h y reasarch @mi o t h e r ' a c f e ~ work.of .lmret@gamn .:'"'':.ii a$iii~oh. WM any business of, Gonipany h e r trades ..or lnduslrles alitd lherewi~~ . . .

. tl!l . .;or~.~lew.:tkareb.d~W~cqubs a b k s :in iiny such Mm,.qs- or-company ......-..a*.~.~p~t.c .i tlmra*;.w.:capHid .or. fWlda,"lhwsof,, ": ', . . ~ . . . .-..-.. . - . ................ . . .;;, ...................... :,, ,<>. :.., .. :::".:A ".." ..i.:.. ".: ':" . " . " . . . . " . . . . .

? ? ~ . ~ . i ~ ~ ~ ~ ~ ~ ~ ~ . ... .* ............ ..:... ;? ...... :: .:. -..h .:.%. ..:,>, -:. .... . Y,*M . may 'be .HIM . . to f h e - ~ ~ l p e n ~ . ~ . . ~ . or. ~MMY: 3I:-Jo mwreqnqmUes; a s h , ~(dfxkklngs, conhok, ouarent~~~, liablthbs, rkks or abQalkms

of the Company .of every nature and klnd

. . . . . . . . . . . . . . . . 3 4 ~ , ; ~ . ~ 0 , ~ ~ i ~:~.shs~.,:ln .the. prdlt \of ithe .&'&jmm(wb" ,.to ,amts

-!l:;9t:.a~ dh!x,,,Wvany, fhm.br.,peRan: hcludlng the employ+ .of .the, Company . . , . as may be . . . . . .;:.$.!shl, @~@.:~ .cr# :~ .ndtwed to'ths' Cqmpany.l"' - ." . . ' . . . . . . . . . . . . . . . . . . . .-, ,..: . . : . .:> . . ' . ? ' ,,>,, :'; .'. ;, ;; ': ~' : . - . : . .'I..: * .as. '"'To &by &kh, .hIbv&igate. em.mine ["to -condfilo& .pros-, value ch;r*r

. . and -9.W of busln6s m c m p a J undertaking ,d g m l y of .any.asmts.. .,i MI;^$. ::i-;: -: -I.-; ... i-' . ; ... . . . A ..,.. h. !., *..: ... .... . . . . . . . . . . . . . . . . . . . . . . . . . . . ,;;:i6;,' :.:. . . : . . . . . . . . . .... : : . : . . ..::..:.: .;.: '.'.:.' . . :. - .

a. ~.w..!-.w~~:'.Q::-.&. or warswja any o m . ; , " " ~ -.~.* " ' .... , , . . . . . . : . : . : ,. .. :... ;,*I.:-- krbon.-:and to kmp~w .OrhIde"t ..:..-rewesclnleh.I?:a?rpart ~ . ~ . ~ ~ . ~ f h e p w w ~ p ! p m m o t i n g . t h e bus- ofti~campeny. . : ..:.:,-,,: ..:. ,;.:: . .:.::;<.. .:>.-.- . . . . . : . . . . . : : ? . . . . . . . . . . . . . . . . . . . . . . . . . . .

... . . . . . . . . . . . . . . . . as paid up l . y e of debe~tbrea or debanture&&ek, subJect to the p&hs of I& for the.

Ume baing .in force. . . . .

38:: .; To.secure.conlrads fo;.supply of 'the pmdwb mariufiwt(lred by the,co&pany to mill fa^, CMI % ' . . . :. and. other .departments of the govefnmerd ,or . ~ l - ( lowmmenl wies, corpomUoy, public

..or private contrads.'fim or person8.and to recw trained p,* including persons reiired . . fmm defence. polce, mllltary. and pammllitary forces to emplgi detecthres; .,

39. . .:. .. To.- part-in.the mane~einent, euparvkbn and conlrolof the'&&, fighb; turnkey lobs. . . . . . operaHons or busin- of wy cimpany or undarteklng . . . .(.. entitl,ed.,tqcarry on.the k r s l n e ~ which . . .

. . . . .the:mqny.h-.aulhor&ed k~ carry on. . . . . . ;.;: .... . . . . . . . . . . . . . . . . . ., .

rcj': i6ni~~:oaJ~cTs'o~'n.i~ COMPANY NOTINCLUDED I N W AND 3' ABOVE . . ,

I... . .To,.cany ~:.the..busined as manufacturers, producsn:procesiri?, buybte. @ k s 4 @ipoctm, : ..:..,e3porte@.and.dealew In evw klnd'md description bf food and foodstuff whether vegqtarlan ..:L,.or.non-vsgatailan..mnk and milk produch IndudIng. cream, butter. gh*, cheese, co,dnsed

.mlR, .m!W mflk p0Wders;~fikimmed mUk, ice+reanl, .milk fa*, canned foods, :and fish preparalion, meat .and meat prfiparalb and the fbods made.froni any substances 0fanlrnaI and birds and the business! of poultry farming., . .

2. . -To carry on the buslness of fmlng,eg* and'tiortitykn in Hs branches and.40 g k , ' produce. manufacture; procgss, prepate; r e t i .eitract, manipulate; hydrolke, buy, dl,. market or deal in ail kinds of agricu#ural, hqrticudiai, dairy, w r y and farm p~~ and

, pmduds, including ,foodgrains, cereals, seeds, soyabeans, cor?.cam dls; &sb crow, plents, .,'we, .~e+Mes..edible,oBs. meat fish,+.eggs, anim81-and human f@s end food products. . . , .

3. .'To culthrete a& pbnIatI~ri'or1'0~ter 8gicullur$i produces In alilts brancher and o h ' o n the '

~ m ' ~ as 'cukhtdn, buyb.m and daalsailn vegetables, grains, mhadpaiks and all'other agrfculhrral produces and to ,prepare, manuf&dure and render marketable.any.8UEh.pmduoes end, fo -sell. ..market dispose off IX deal 'ln any such prbducits ellher, in Ha prepared; manufadured or raw state and to purchase, hokl,' develop, cuhhmte any agrloultural, barren .land .for thb ptirpose herein menUoned.

4. To carry on fhe bushe& as travel agenls, selling egents, buylng agents, markelii afienls. commission agents. advertlslng agents, cleaiing and forwarding agenlsi estate agents,

. lnauranes agents, brokers or represantathrss of any company, corpomfion, firm or individual and to trensact and aarw en all klnd~ of agency burhess. 1 -

5. To carry on the buslness as lprinters. lithographenr, stereotypers, eiedmtypem, ph0toprafl0 printers. photolithographb~, chtmnolltho gngrevem, block. makers, dle-maken, enwbp mekers;type folmdm, ph61ographers. manufactumrs, dealer6 end dwlanern in playfng, visiting, railways, fesHm, #mWary and fancy d s . llckeie, stanpa and parchments board, straw board. feather t ard, mil Ward, cormgated boar$ duplex board, triplex board, ha@ bar$, plywootl board4 art board, c h r m kwd h d photo 'card.

6. To estaMIsh, maintain, condh. bmrlde and lake ~ M H ~ ~ I B knrlces as consufEant kdvlsers . of Wery Wnd Indudklg mrnmertbl, stallstical, flnanclal accauntancy, computer expert,

.-,,pWPglamw, .technical s e h , medlcaf, taga~~a&lalae&&s:a& :to bke suudi'eteps as may . .be,.neoessery for.:the purpobess.and.b undertake for ionslderalbn on behalf of any client : the.:york :d-examlnlng. fnsjpecling' and carrying out tests .on any products and to issue

. . . . . . . certificates in respect of stich vmducts.. . . . . . . . . . . . . . . . . . . . . . < .:.._.. - ..... : .%,. ..... : . . " ::

. . . . . . . . . . .

7. .,~o.:bd+~+tid.#ndsrtake +MUes end cany on busfness pe.hW"g to'leasing, .o~..hh ~ . ~ ~ . , p r r o h ~ ~ , warehousl~g, iadorlng: p~nrkUng +Wam@ assls$ncs ,by: manq .of.. ,@sing, .

. @"P9.+ ,@se. .him. w hlre.prcha6e. lending. resemnp emnpq:disposIng. off aU forms of l m m ~ b l e ~ b l e , : p ~ & andjas~eb incbrdlng buf&t~q;.'~odbwns; ww&x~& end mtjl of eny , .

'w.'IMm M user . . and attltypes of agricultural. Imli~strlai, dome* end other w, equip.-

. . . . . :m ls and . mechlno@, -puter@, . .~@AI&Ic data processors, ' tabulators, air-limenr.

.: .:;.:-;: :.::5:medioal.::-nts, dmptic +pm.q,ts -or-appliances or; an$ system w produds whether :?;,.::: ~.:;i:ti*ly!trid .......................... ~ w : ~ m w .and *,ty$es ofl~utomoU.les;-ahwaftpP .vehkks . . . . . . . . . end ships. , , , . i7,., :...:.' , . . . . . . . . . . . , L . . . _ . . . . ..::::;$.. TO,^^^^^^.^:?^ bugness . as i ' i n u f a m f~~~~ a+emblen, processom, fultshers, ;::.:.:'.:-.. @m:.blJYeC3. .selJers,:importeb, let hir4 .~tchase:afid d e a h In anyr-kind a machine ... . . . . . i ....... ~

....:.......... -!d% :machine..-todk includlngtod?~ng,, bodng, and lapping r?l,&ineq miUlng m a h k , lalhe :::,.:.

.- :.:.,:'"'~~:maoh~;:-grlnd~. rnachlnes;g&r culling d gear grind[& maOh!nes, and..tools for metal ............ ...- . . . . d H n o and metal workbg, hqers. .and forging maohin&, i jeldh .machines. +-l.qulprnenb, . .;..... ...... .:wdinQ >*& - . "': . . :... . . :., - ..., es,..pqs;'irhaet, mital.+haplng machlnes.qd qpulpmp! : , ~ . : W n g ,and

:.%:.:;:::":?f - '.:::; .,,j.%b'd, ~ & , ~ ~ & i n e o ' n e o n e o n e o ~ ~ h ~ n g w...2titi;tjji sewi \n)qam .and weights, -'pddng. machinos, d n g ..!fx:.:.\.?,... . . . . . . . . . . . ,*,,,g , . , , . . : . . . : . I . . ......... ( . . . . . . w' ... rpacMne . . ................. d ~ h r e t d a , . . . . . bf~,aU~typesii;sfies . . . and descrlpti6n.

....... . . . . . . : . . . . . . ... . . . . . . . . , . , ..:. . : , . y ~ : ~ ~ . ~ &;- d.gmis, ~ a ; t ~ c l . ~ s . . : ~ , st& mmrnbdi~os .,of 8h: kinds in . ~:~~i: : . r :~. : ; . .~R@ep~. ..Ika.chav,b,~,i~ep:frOO~; wld .st@ge:'or uira@hourres and for this purpose . t i L ' . ~ s ~ ~ ~ ~ : : ; ? ~ ~ ~ . ~ ~ , R l j . ~ . ~ p ~ ~ e , ,.,... ! .... lhlm, take on :refrigeiators,, :id 'bbambers,. deep freeze and cdd : ::;;;:~;'~~.o~p!~f ~~.e,:~~op:.~re:houses,:prernises, ..!......!..;:.. ;. .,....... buBdf?,~6. or -units,. . . . . . . . . . . .

::: . . . . . . . . . . . . . . .......... . . . . . . . . . . . . . ' 10, ,To caw.cn the business of texlae engl@~,and.manufqctuie& and deafers .in texlile machinery. :,l,~::.;;:.!:,@ !~!wfW+. :produce;-repair,:;8110'1, .&ny@,. recondi ion, resale, hire, ,Jnport. export. : :.-:i,,.r::,.;mprjc~tjIststa~: him, :$acp:and deal in spares, plants, access ries, fittings. engineering goods; ., . ..,. . . . . . . ...:. < : . .. .. . . < , ...;... .... : : . . . . -:: . . . . . ...:. . . . . .

I , :r~#pg:.~&&&)laflwqre; required.bt. teme igduafdesi .;. ,..:. :'. . -.:.: :, . .:.? : ,:.:.: 1. -'

;::.':3$':.*:i. . -. ! , _ i

... .,. . ..,>,,:., . .,.: ~ : b w ~ e q ~ . : ~ . a s ~ ~ . i b ~ r s , riAiers, ~dia@rs,, dkfria"toie, slockists. i..-;!:~;:7.1n!p~4rs,;.p~rs, reeel@m:clearing .agents, t@ri$plqtq, jmcx t s~ in all kind of cements

. _",,;;;.;.:iR(;Iud.3 ,+rdinw; whlte, colourad, :porUand;ri cemenl; end ''&men1 products. of aU kinds . .i-:?:: .... ;: . :-'&.&a,@ plpe'fiHIRgs;:poles, M f e , . b r i c k s ~ ~ p r e f . .@Ilk, . bkcks. tile% covers, asbestos

::shee@$,..and lhy-pmducts :.I+ :joint;pmducfs :meiof. , . .. . . . ! . . . . . . . . . , . - . . . .;.:,I:. .\ ;;.-.::.. ................ :... ...: 32::'~6Cbj4 on t ~ e b h i i s as mimictuers. sailers, dealers. dictrlbuton, stockists, importers,

. . exPoN~rs,.~wllers, bangporten, cbanlng agents, :processors of lime, bwxite, gypsum. .:~.i::.;:isshsstos:lbnaSro~~s, fliing.:qte~al$,, :sand, plasters. jule bags, paper 'bags, gunny bags, :.-::~~::HMl~P.~wa&~8.:and.~yven:bags. :plastic bags, packagidg materials pottefies;.&rthen-

:::.: . :...m.w,~:~anitary . : , .... . :wares . .refreotorles, ... c q r ~ l m r e s , an& ppducls Ihereof. : .:.-.-" . . . . . . ,:. . . . ,.,. 13. .:,$~~qrryqn @:lndla.:w ekawhertt the budne& i f $lning, quahas and lo .proepect.for, search

_ ._ ,: for.fi.M; .get,:,ygrk, .prooese,. crush, ..smelt. .manufacZve,-rethe, Mwd. 'c.tem,. cmvert,-sto.@, :...y:>.-pbr(. b ~ ~ ; ' ~ _ e I l . . , . h p . o f l , . - e ~ & dkbibute, market.and deal in all klntls of minekl oU of ' ; '"all-hi, 'mitiemls: bl dl-ki*. fuels.of all Lhids, their by-products, jolnt products, derivatives. .

....... . . . . . .

inorganic chemicals, Uoum cherrlcals, heavy c h a m i t flne chemlcak speclalily chemlcds, adds, akabs, agmchemW, indushial chemlcels, IaW+ory chernicafs,~faUy adds, cehlose dethralkes, fwfutd and Ue derhmtfvm, slareh daivdw, &rates. broldes, sulphates, sulpher salts. tanln~,

.chernlcal suxillarim, dlsinfectan!s. PVC compound. fsve glass, all kinds of gums and gums Wthms. carbon' black caustic soda, soda a&, conducUve polymers, t i -bpOM~Ts , ~i?lklose polymers, efhyl celkse, Tydrmy ofhyl, nltro cailubse, carboxy methyl cslulow and its ds. mkm aystalling celubse pmdw, beayr waters. radio Isolopes, nudear readws and atoms.

la. .TO any on it& bwlness-as rnamwttn& pmtweq sellers. imumcm, refbmrs, mponea knpottem,.and dm- in 6vety kind or descripiion @f gmes indudlq caqrpe~ hydmgm, nitrogen, amon acetytene and its compwndo, lwxaW6, ,laint producls, andDary Wudo and defhakas

9 To carry on the busbwtss as civil engineer, mechanlaal engineer and %r the purpose to build. erect. execute, adrninkitsr;constnrct, alterI maintain, enlsrge. pull down, mmmm or replace end market, deal tn work,. manege and mtro l any bulkllngs. structures, offices, factories. mllls. shops, machinely, en-=, road ways, bridges, reservoirs, wa@r house. whanres. tdecfric worka, tramways, r a h y a , branQhes, or aldlngs, docks, harbours, canals, **aHons, reclamation. sewege, drainage end conyenlencafi of aU kinds.

*

20. To carty on In India w elsewhere' t b business of- processing, converting. produdng, manufacturing, formulating, ualng, buying, acquiring, .stating. packing, dling marketing,

I transporting, knporling,- exporting end dlspw@ Q( ell types and descripth of bnigs. drug, Inlermediates synthelb drugs, medicines, v i h m a , snHMotlcs, ba& drugs, pharmaceuticals. ttbloghal products, food st@s for human and animal use, getallrte capsules. .au ar.

r b qmchemlcals, bl*cha(nk$ls, sti-, h&ides, germWe8, fnsectiddes, weedid s, dye-stuffs, intermediates, taxt ee auwikfy, colours, adds, varnishes, peinte, pigments, synthetk resins, plertldzers. oosrnelics, povrders, creams..preperktion for the teeth, toilet' requisles, detergents, surface active agents. cleanlng q n t s . soaps, glasses, pottery, terrecotta, aWk3l stones, cokes, explasives, phobgraphic rnat&als end industrial d l e m cals.

21. To cany on ihe budnessofjinves4nent whpany and to invest In and acqdre and hdd shares. o k k u , debwhds , m t o d c s , bonda, oMIQenOns and se+fHies kiued or guamnleed . by any company, flnn, peman, lacat euthdrity or hsItution whether in India or elsewhere and also. ceny on Um krshms'for to buy and invest In National Saving C e ~ t o . W Tryst of India. Publlc Provident Fund and other government schemes exlsllng fmm tima to flme. -

22. To provide package of $nvestmsnt services by acting as managers to tho public insue df shares, debenlureb, debenture bonds, seculth by underwriting and to wt as Issue houses. f

I 23. ToCayOn.buslnesnes

hirers, 5kxma, 8 - 7 bwfs, sellers, -, distfibul-, exlnNh?, Importers,,

uers. arm&, d-h WNS P-- assembhrrs, waim, erectiDn and u u n m b ~ j d agdudtural implements, equipments and rnmhhies of all rVpas and sine l h s r ddp.ot h u d oper&ed lnclullng harvestem thrashers, wwinnowers, dUvatm, seeds Wrn~rar &ha, sprhklers, daby machinee. sievam machhes, m n q h g machines, trenemksion machines, tractam 8pmmst hullers, hand and W u W Uourers, WlAng machhns. dl engines, dlesel engines, kerosene e?ghres, pelrd'engime, Internal combustioh engines ahd Weir raw rndedds, compmen4s, semiffnfshad goods, emmorles and spareparts.

24. To carry on the buahess & manufactban, end JesIers in ell typag of d k ~ i electronin, medrani& dJaopm based, ddmneohanlcal obmpubrised equipments including X . R ~ maFhha, uYra machines, smnera ECG machines. echo c a r d f ~ h ! c imchines, a M surgical JnsmnaenC and mRal b d Pressure Instrumenlo required fix medlcal'surgical aperahs, hospitals. m a s , - m e d l c a l centres, mearch bboratorbs, educalbnal Instltufione, scientific end other .fnstitutions or wganlsatlons or mp+.

25. TO cany .on the business 'as efecboplslers, nidtelplaters, cCmmh platers, metakpmyws, ! oxidiws, ,anodisen and m e t a m , penere1 plnters, vamishers, hquen,rs, enarnellem, pdien. welders, bratlers,; gl~ers,~gold.wni@s, sllvemmWw. watchmakers grid Jewellers.

I .

26. To canyon Bs busheirs as ma3ufacIufm a d &atem In metal waras, gbswares, hathyants, rasaardr i

8 I

. 1 ' - ".

... . . @cord players, chqngers, .:ip failenen, watches, water filters 'values. vessels and . . . . . . . . . . . .

geuges, ..heat exchangers, dahYmidlRers and ~rrwbn, Wtrol equipments .and a m a@ . . . . . . 8qmunillon. .required for defence; . - . . ' ." " ' . . . . ... .:. . . . . . . . . . . . . . . . . .

. '-33.. . . . -TO qarry.in the, bu*inoss. &'hana&~els, 'kOurfe~.and caniers of every kind and description 'of .goo+, , material% htggqes, . -me, anlmals w .pahangers 'boxes covers, W. . . ; pap& @d.uafuaW. a&les from place to place .either by air or by end or threr, or sea or "partly by '&:a or rtyer:andl:prliy ,by land &,air and Tor the purpose own; h h , take on rent . bive on mnt, sale, p~rnh~se, market and deal In. yotor vehlckm, aerophes, anlmal d m

. . . .vohi~les, oar, shfps, sterner, trucks, bu&s, mlnlbjses and to any on the business of geneal . . . . . . hrrlars; mltway and foivwdhg '*ti, clearing agents, waarehopsemen, shekwpm bonded

' " . w e n ,.?MI m m o n c$iemen and for . . . . . . . . . : wnt any @+!!w. wprehouee rx other . . . . .

gar;ghs, benrlce staUons..workshdps. . . . . . . . . motors, buses, autamoblies or other v * i . ' , . . . . ;..:.: . . ' . ' . - ,.. ;.

- .-. ,] jdy&ny & ;$e b ~ l n ~ ~ q , d designing, kng~nwling, :fabricakg, rd;;nufa~ring,',qssembtrng, marketing,. .lrnpwllng,,.expoding. selling, pu@tasinfi, leashg, di+buting, supplying, on

: .. -turnkey ..bad8 S8'ivi~lIIg, maintaining, .erecIing:and cornmissionlng, repalrlng .'$nd dealing . .

:. in .all kind arid des.cdpUon of lndustital plants, petm-chemical plants, cement plants indudlng 1 . . . . *.

' r e y . kilns and' flwo. packers, fdl izer plants, chemlpl vhsels, sugar plants,. edlble and .non-adibk oI'axtraMion plants, pulps, pulp and.paper mnufacturing plants. pollution control , equipments, crystalllser plants, botUlng'plants, drying plam, ,power. plants, qpal and. rnaterlal handling plants, dm - p b l s . - plastb. pmcessing machinery. c(,ment. ,machinery, beverage me6bl.pry, alr cunditlonlng and refrigerallon plants and lhelr. machineries, components, accessMi~, ancilbry equipventg, instrtynents..and.. appliances. . .

. . . . . . . . . . - . . . . . . . . . 35. .;To canyhs Ule buslness as manufacturers; buyers, Ijurchasers, sbllers, processorb, produce&, .

. importers, '.exporters, ~searchers,~d8~etope~~,~'wnsuHanti, advisors and dealers in every '"' . . Wnd iind.desc$ptbn. of cekmlcs, ceramic pmducte, lechnfcal ,alumina( alumina ppducts, their

"

' :riwmaQricils, by+rod@ct$, . joint.pmdwta. auxlBary prbducts and elhd produds .including " . alumina Itanla . y p m l O tqdllo thread guides; alumina ceranilc seals, alumlna noirles,.alumina

'and:zer+biai\ules, .... kwlUstrld grade ceramk wool. certrmic deburring and grinding media, cerimk' kpating, w y m k cuttinjl ,tools, -oxide ceramics of boron-nitril, titanla aIum.ha and f e r m . . based ceramics. asspried alumlna ppducts and potlerles.

36. To & on business of e-, tam, prowsing. Wending. dezdlng, purchasing, ad&, W e or Im-ftdiMe. oils,. rasa, raeayana, fels; besic .substancas, elements or Ingmdients from 'd '(yp&d bP se&; cash' cmps, sasds, food ~ ~ ~ c e r e a l s , n u b s , cakes. agrlculturd .produces, :..veeeteMes, leaves,,'wte, tf+8rq herb, planb,:.wuba end lrees a d for the pwpose (b run

'

or cany ,an mctrachn plants, processing or mfMg plants .and atl o!ber died acfrvities .and to deal .. .in P u m , ' q .- otlharkel such res\rltant prodiqb or produces end Iheir derhraties. . . , 'by-pioducts. 'jdnt products, ' finished prqduds, raw materials :or seml-processed rndterlals. . . . . . . : : . . 2.. .... . . . . .

37.: :To .carry on (he business as' buy&m,'~dl&s, &&enaers, imperters, exparters, assemblers, distributors, repairers, .of! dealers in aH.ihe accessories. raw :materials, spare parts a&

. . . mmpow~ts :required.for the purpose .of'lhe bush@$ :of Company. . . . ,. . . . . . : - . . . .... . . . . . . . : .; . . .

381,,':To 'cany, on. hsiness. m orgardmr, devalopar, .contract& '&I& or dealer .of any land, :wa#hM. ..W!dlngs, . m ~ : b u I l d I n g s i shops; offices or ,any o i t y bwkgs, .and for the

...-. .to.puchase, %e .on..lease;:.acquhi:haldi.d~elop; piepare. buiMlng -sks; combuct, . 'ieconstrud. reW,.maintain, pull dawn,, eHer, Improve, ~ s e ; f u r n l s h , sen ,.,. market, .give on ... . .We,'pun:liase o r on. IiIStahtent or deal In any lands,'msidenUal,buiIdIngs, &ime&l..buildings, ' ' ph~~s,.Offi&s, d.u.b:.houses, wMks and,senthxy-convenlences of ah. b d s .and.tcr lay:out.mads.

'drdnage.pl&+, wgid pipqs and electrlo Installetbns and to tret apart lands . . . for pleasure; g h m s ;.':and. reereatbn g@~in*. , ijnprove lhe ..land.:.or any part :thereof. '. . - : : . : ...:: ...... . . . ......... . . .

. . . .

h e &&net& of pmdudng,'proceasing, m I n g minufw b,lryrng,.; a.gulrlng,, 'storing, .refining, packaging. .*ling, ' .

rt& frnportlng. CpwUng, and dealing li~ all kinds and desaiption - .of petrochemicals, petrdeum praduds Is by-products, join4 . 10

. . . : ... :.. . . .. - , - ". . . . .

-

: . . . . . . . . . . . ..

SubJect .to the provlsidnrr of. law eppllcabb to &y on h lndi or 'el3811here the. business of -running hat&, mt*, redaUantZ coffee houses, eating ho?, iodgpg .@uses, bqardino houses, RlgM kitchens, dub houses, hoMay k r $ , holiday;homes, trads' Bn$:tours, health t $ u b $ , - . ~ ~ p is . n%l houses, enteMment &s qnd for this pwpose to purchase.

. @fp ;sn. . m I ~ ~ ~ M I : t r ~ U d , manage, Improve alter, demdlsh. . . . . . . . . . . . , . . . , .,: !y:..7 ?+;*::;:y?: >. :.;:;: ;?>:i .

. .

T o : m .qklR:lodk:.a :ekwhm the budnees of menufaclurlng, producing, pr~cesh.shing. d m 0 h & , .twisttng;~tWuddn& blending, mhdng, purchasing dl klnds of natural and nirrrrrrrrrrr rek ff@si:f!brO;yams,,flbre cards, cotton pnis, pdwier staple fibres, jute, wool, silk. care,

~k:ny]ol,'m,$aeple'tibres, fabilos, pWlc fabrlcs, synthe!lc end other Rkous meterlals, clofhr. Wsfne inaterias, fqintshlng n't&eMa, handcralts, khaili unbrms, iwdymada garments,

8PF-k ~ . ~ e t 6 : ~ , knAled goods, deawative lnakm$, Hloven bags, hosiery, ,a,* ..* :mads, :r4Wls, ~ : : , ? h d packing. maw. - . . ; .: :.,: . . . . . . . . . . :. . .

,..:::+ .. ,.: : ,..:... .>&P ...=...., ': ..... :.. .. . . . . . . . . . . ;. . ; ....... . . . . . .

To W on the ~~ as f b w q ~~ enterpfls?~ and .of Cornp@les engaged 1ndWrlel.e tredlng budnesn and.b.iryaw a y n d b b in sewairw. thance end red esiate. . . . . . . . .

I ..', :,..:

i 43. .To nkwkdum. lmba hnmt and ekporl allernate .fuel systemsmsms:f&, .wkmwbW, vehWes . ' . lncludlng b.ut not hiled to Liquid Pehkum Gas (LPG) W, KiB for Hydrogen Methane rnlxture.

%. . . . . . . . . . . . : md..in .development of ellemate fuel systems. . . . . . . . . . ;

- - ;. . . . . . . . .

- . -.:. w. . ~ . u e w # v ~ t ~ W & ~ s ~ n * e d : . . ,:,,..; . .;., . ... :.,: ..... . . . . . ._._ .......... . . . . . . . . . . . . . . . . . . . . . . . . . . ...- ... i.;.: .: ....,... :..A,:.. - . .

. . . : . . . . . . . i*. ~ulhorised sttare ~ap#a l of the ~ompany IS Ra 5,00,0001- mupees F I ~ ~acs only] divided

' '. h@.SO,aOo'FAyThoupa~ Equity Shares of 'Rs.lOl- [Rupees. Ten onty] each. '

I . . . . . . . . . . . , % . . . . . . . . . . . . . . . .

-. . . ".......... . . . ...- -...-..-,L---.----

. .

..... . . :. . . . . . . . -*.:.We,- the several persons whose mmqa eqd eddressei am sybydbd herefo, aie deilmus of :"::befng farmed into a Company b ~punumco of thls Memor~ndum of. '&.wxlaelatl~n,:.and we :- '::respeolivaly agree to take the number of sham bi the capital of thii Company* op&islte our

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . respectbe names. - ' . , . . . . . . . . . . . . . . . . . . . . . . . : . . . : > . . . . . ., . . ..:: . . . . . . . . . ., . . . . . . . . . . :. .. . . . . . . ... ... ... . . . . - . ... . . . % \

...

. . . . . . . . . . . . . . . . . . . . . . . . . . : . . . . . . . . . .::. . . : e ....

: <.,,..>. ,

. . . . . . . . . . . . . . . ..,. . .

:* . . . .

~ . , . . . . .

.

..:.;;. .;

. . . . . . . . .

.: :,.

> _ \

. . . .,;,

-I. . ': . .

'

.: .

. ........ ..:.. .......... , . .< ,, : :: , ,,:. .:, .>;.. <., . . .

... :.. :C. ..:. . .... ..: : .::: '. . . . . . . . . . . . . . . . . . . : . . . . . . . . . . . ' . ' :. . .

. . .... ., . . . . . . . . . . . . . . . . . . . . . . . . : . . . . . . . . . . . . . ..... . . . . . . .,: : . . I . . .;.. . . . . . . . . . . . . .

.Vkhnubhal' Mafatlal kitel . '.': . .&aARafBtlalPatel : : . : - . . . . . . . . . . . . * .: ' :. '~.. 3 ' .

. ,

11;'~lndu 'co!q& .... :: ;:, ' :.'. Opp. Sardar Patel.Stadlurn, . - a m , Ahmedabad-380009. . . .

. . . . . . . .

. ,

.

. . . . ? . . . .:.:

~ictip&on ,:.BUSI"LVBS; :. ,, :: . . .

y . . . .

. . . . . . ' . .

. . . . . . . . . . . . .

. . . . . . . . . . . . . . . . . . . . . . ' .

, .., . ( . . .

Sulbhsv ~n~ lnsrr inb ' ~kl tdd ' 'Sadbhav House' i Opp. .Law Qarderi P& ChowM, ': Ulisbrklge; Ahniedabid; . . Through Director' Vistlnubhal Mefatlel Patel .Sh&hin' '-.

11, Hhdu Cdony, Opp. Satdar Patel S@lum. Namgpwa, . .~hmadabad-380009.. . . . . . - , . . . . ~catpe~on :.~usinesb Sdl-

. . - . . .

. . . . . . .

. . .

. . . . . . .

:

2.

.

.

.. . . . . . . . .

i TOTAL "

P.be : AHMEDABAD . . I . .

. .

'..:; .:::.:..>.:; :<,,;. . . . . . . . . . . :. ,... : ...: . . . . . .. . . . . . . . . . . . ...,..

~ :

. . . . . . . . . . . . ' . : . : . , - . : ' , - ...,: . . . , . . .... Y O

'

" . ;' : flew , ,, ' 1 . . . . . . . . . . . . . . : :..* ,,

. . . . . . . . .

. . . . .

'10.000 (Ten fhwsand)

. . . . . . . . . . . .

. . . . . I

f2

, . . . . . - . . . .

. . . .

. . . .

. .

Kamleah J. Shah

:.....:..: . . . ...::.... '.'.:'.:- ' .:-:..:i- . . . . . . . . . . . :. , . . . . - .

. . , .. ' , :. . . . ,. : , . , . . ::.,. _ . . . . . . , . .

. . . . . . . . . . . : . . .:> '. . . . . ..:. .... . .

. . . . . : . . . . . . , . . ". . . . . . . . . . . . , . .

.:. :-'. ,. . ,: . : .,,.: '

. :

. . , , . .

, .

i

. .

: I i

. . . . . . . , :. . . . . . . .

:

. . . . . . . . , , . .

9,990 (N ine .Tmnd

" ' Nfns Hundred Nlnely)

. .

Slo. Shri JayantlY Shah rys, -.& Apartmw* . NI: JaiMnd S-, .' '

Rambaug, M ~ w . . '-'

~ h ~ ~ d & m . . . . - . . . .

Occupstion: . Company .S8CTBtaty Membership No. ACS - 6485 .$dl. ,: . ,

. .

. , . . . . . . . ' . L _ ,.... < . . . . . . . . . . . . . . . . . . . .

.%). : . : . . . . . . . . . .. . . . . . :. .

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. . ., . . . . . . .........><..>,..... ~ i + , ... ..<>: .,*- .......... ; .......... ......, ..>.. ... 6 , :, ..., ,.,: .\..' .-.:.* ...*. .. >-:-. ." ' . : . ..:.*-...... . . ; ..,~,,~':.,..: ,: ,::,,. :..; .,.';','..,".~~..~ .."> : ;.,:. .: ........ i: -..:. r.. ... :.:..1 :'.. .'$! . . . . . . . . " . . . . . . . . : ....... ......... ......... . - ......... ... . . . . . . : .... . . . . . . ........ . . . ,:; ~;,,\;:;:;~i2~,*.;, .,~:.; ,.:,.; :,:. :;!; > ><,;< > ,{:;.;!,; .;> ,/.. . . . . . . . . . . . . . . . :,:.?.,.I >.. .. ::;:a:, . . ................... ?',. .; ...."..... .'+ ....... . >:,:.,:;.." . 2. ............. .. >.. :'-.;:';. ': . . . . . . . . . . . .

. . . . . . . ... , . : , . : ................. : . . . . . . . . . . < .......... ..:. ..; ........... . " . " " .;.!/. :,', . . . . : . . . . . . . ' . ' ": I.: . . . . . . . . . . . ?;&;::: ;,,;2>.:, . *;;;.: ,$,. '2:. i.:.. ... ..::.: ..;... .... ., : < ~ .': .:,-.: .... ..:.: ...... ' ...... '. ................ . . . . . . . . . . . - , . : . . ... . . . .

:.: . . . . . . . . . . . . ........ . . . . . . . . .... .. :.. ......... . . . . " . ..- . . . . . . . . % . . . . . . . . . . . &...,.. ......... . . . '.. ;' . . . . . . . . > : %

. . . . . . :: ' % ' .;; ;.; ...-;... :;., ;,. ::, :,:: <::.,>, '<,: .,:U,.: .:.1..-.I..'.... ' ....:. !.;* -.-.* . . . . . . . . . .

. . . , . . . . .,,;:,x:*,$r;! ............... . ; ..... .,> .; . :.?.; ,:,:, ..,..: .... ::::,<:..:<:..> :... :.;..:.:::: .............. . >-..'. ........ 2 : : ; : " . . . . . . . . . . . . . . ;..:>,, .< .. :.. . . . . . ............... .......... . : : ...... : . . ..:; . . . ' .... ':..' '.'I>. ..!..'*. . . . . . . . . . ....... . . . . . . . . : . . . . ., . . . . , , . ; , ; . . . ; . ;. .... . : : . : ? : ; ; :- . . . . . . . . . . . : . . . . . . . . . , . , : . ' I . . . . . . . ..:.. . . THE ~ ~ ~ P A ~ S AC<1968 ........;.. , .. , ............................ . . . . . . . . . . . ..._ : . . . C , . . : . . : ~ C O M ~ ~ ~ D . S ~ + ~ ~ ~ ~ : ~ ~ ~ : , ; : . : . : : ; ; . ;..::.: ; ;,:;; . . . : : j : . j , ,~ : : , f . : . , . . . . . . . . a,>.;<,:,: ; +*.:+,.: i-G .:.(it: ,::,:..a l:.+..,, ,:,.: hi ~+&+I".J:., L.;: .3.:j.i:?::i~:i:?2.;?. - %,: . . . . . . . . . . . . . . ?::*.:*- ::$ :... 5 ..:i:::.-'.. :... . . . . . .... .,,,?<, >. :.:->; :.<.I.::.:. .:,. I::.:,..;;;: :..,., ~ .? :;;y,:y;: ;;., :;:*:.OJ~<$,SS~~A~~~ j;:.;,*:,. ;+:..;..5 +.:.':![;: :,;:,:;!.;;;; .::; !;;;; < : .:;; ::::::. .. ; .>, .:,: .;;.

.,..., i.;'..... ;*t\ .I.: '..%a . .*........ >.'I ........ . . . . . . . . . . . . . . . . ............. . - - . . .

r.;.,. ;:,:..: >.: ;\.."..;.. - . ; , ; : . : ...... : ........ ..,'.....'.; : : : . ; : ; : : . . : ? ..: ...... ' .i : . . . . , . ,

. . . , : ! . ... , .... . - . . . . . . . QF :~ :.: :..:,,: :.., :... .........!>::..,<.. >: ;.,.?:::: ..<:,i . . . . . . . . :>i 3 !,.:,.>..< :><? ,?-!; ,;;.:~;;~<,::~.;;,;j;;%::: ;,.> ;,;; :>>;;.y:::::.<<i :.$-;::;{:. .:.<;:; %:L:::. :;..:?-:;. .s. *:, :' .... . . . . . ..... ............... . . .....,. ;.i.::i:.' :.: .:;. ::.,:..: !,.. :,..; ' .

. . . . . . . : : : . : : . ! - :BIJA~~,R.;~H~M~;UND~TO~L~A~ . . . ~ R ~ v A ' T E : , L ~ ~ ~ ~ ~ ~ ~ :::;j:.~,~:~.;:~:;.i,-: ;. . : . . . . . +..:;::. ... _ . .... . :.-.; . . . . . . . . . . . . . . . . . . . . . . . . _ . ~ . ' . . ,:% ]:..;..::, ; .... ..; ..: . . . . .,.. . :. . . . . . . .

. . . : . : , ...... : ....... , ..... .............. . . : . . : ;: ............. : , . . , . , , ~ .. .'......>..;.' : i . ::.;,,I . ,; . . . . >... :" 8; . . . . . . . . . . . . . . . . ( . - ................... . . . . . . . . > ,, ; , . . ............................... .... .......... ............. ......;...... . . ... . . . . . . . . . . ; . . ~ : . : : , , : . . . . * ; : ; . . : . . _,

. . . . . . . . ,:.; *:;.: <,-.>: 4meu,, ";&;* ".i:{;t! ?::;,.$:?; ;:>,: ,~;;;!; ;+.;: ,<;:; ::<:: ;;s.;;s: I.., :;:;.:?:::;;:;::::!.: :c: ,;:>- . : . . i . . : . . . . . . '.... .... .... . . ... . . . . . . . . . . . . . . . . . . . ,;;. ,.<, 1 --. .:;;*,,q&'m.<helnaR. :'"' , , ,.;:.. ,..: ,,,;:\ ,; >.,,. ;.:i:,c.: . .... . .. ;-. !::;:.' ..,:: .<: :. .' .,:... 3. ..-. i'.... :._. . . . . er.pmMed .k114 h so fiir.& -..present4 ;$p m,, hemem {:.::,.,:. , j: .. :

b e 1eg-i containad in Table%" the mt S-le tothe ~ ~ n p e " ~ ~ w,'1856,1waffer: -:I: .... . : .:. c a l d Act? tihiill applytothe Company . . c:$d>h +i~ l&&&:;$r;llm; b:i p&w .: ',- .. -:, , :.

........ . s "7. . .'.: . 'qmm ,!\,,,>. ;: >,,>,c.. ,.$. :.<. ::. ..:::. :!! ..: -..: :>.. .... ^ .>! ... .*,,i,; ::., :::<: ... ..:..,. ;:.;:;::;:,:;:>: >:;: .,?-:! :,.:. : s. :,. .> . . . . . . . . . . .,: ; ....... , . - ., : , . . . . . . . .

. . . . . . . . ;;:;. ..... ..! ?;<, ;:; :;,>:; :+:, ~:; ;,,; ;;,..::;.;. .... ..::.. ::;, t,:: ......; ..:! ;: .,:.:. :<;.:.,.:>>+;.; .:: ,j:..:::::>..: .<:;::t ,:.::.:.:.: ?:.: *+. - , 7: .,..!.:. . . . . . . . . :,..: . . . . . . . . ... 2 .. . . ..;..;.; , ." . . . : : ; , , .... ..................... .: h.,.' ' , ~ 2 ; ~ s l l d l " g * ~ : ~ . ........ : : :.. ; \ . . . . . . . . . . . . .... __ . . ..<: ;-. . . . . . . . . . . , . . . : ' .

. . . . . . . ,,<* ,,:;., :.,;:<.. . , ,., .;, :: . . t . . ::! . . . . . . : _ . . .

2 . The h & $ 8 h p t 0 &a# ~t albd ths ms- h m f . ' . '

' . . . . . . . . . . . . . . . . . . . . . . . . . . . ...... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ' . . . . . . . . . . . -. . . . . . . . ,;;~;.;;.;-. . . .;-.; :,.i; ?.>,: ...' .......+....i, :I.:. :...:. . . . . . : . . . 'PAIVATE?c~P~Y; .;... .:T.!;' ;:.':. :::-i':::::.;::, :.::.; :: .:!: . . . . . . . . . . . . . . . . . , - . . . : . ..:....;..... ' . :. > .. :.::.-, .... . I . > ... .; ..., ...... . .

. . .

1 0.

il.

Dlvlakm of CapW The A u l M e d Sham Capltat of the Cwnpany W be as per pamgmph V of the Memorandum ofAssodaUondW Compnywlth p a m t o ~ ~ ~ t h s SharsCapaelandtodMde the shams In the capital fof the time blng fnb several daaw .nd to attach therelo mpedvdy such prefereni&i, &erred or lfuch ofher rights, pmagqs a condllions as my be detemrlnsd in accOIYlahce wilh the regulations M the Company and to vary, madlfy, abmgate any such rights, privileges or condltlons In such mannar as may be proukled by regulatEonr of the Canpany and consolklete or sub-dhride the shares and bsue shares of hlgher or lowar denominaUon by way d Ordinary besPrutbn. . . ksue of Bonus Shams Su~topmvblonsdtheAct,theCorrpenymey, byp . s shgatydulh In Ihemsethgdlhe B o s r d o f D l r e d b n , ~ ~ ~ s m r u n t a t e n d h g 4 b ~ a s d i t o f S e c w Y i ~ P l e m L g n ~

. ,

Wherever in the ACT it his been pmided that Be Company shall have any rlghl. prfvUege or ' . . mthoW or that Company cannot cam cut a,%y tmmlkm unless the Company Is authorised by b Artldes !hen in that case, M I c h hereby authorlse end empawer the C o m w lo heve such rights, Mlege or ythodiy end to cany out such tmnsacUons as have been permilled by he -Lu, 1956. Shares at Theshan#ishalbe same or 8ny d them to iruch persona, h such propalbns @ on such terms and conditions and at par, al premium or a1 discount [subject to the pmvlslans of the Act] as they may, fmm Ume to Ume, think proper, calls The Diredors, may from'ha to 8me, make calls upon Ihe members h respect of any mmay unprlrd on the sham in any manner, as thy deem tit. Pounr To last& Sharer?At Discount 7 % . With the previws authorily of Company in General M6elb and the sanctbn of the Company Law Board wol such aulhartlyas m a y b p w b e d and upon othwubec~1plyhawYhthe pmvlelons of SecUon 78'd the Ad, it will be W for thrr Dlredrn to &sue at a Biunt, s h a r e J o f a ~ a ~ ~ P- to b u r ~uvrcit &ty Wrn 8ubjeoi to and h ecmrdrhce wWI the provlebns of Scum 79A of me Act and mleq tegulations or #uldehes framed there under and h force from fbna b time, the Company shall haw authily to iswe the Sweat Equity Sham on such lgms anU conditions as may be decided in ~~enerelmestingendpy~soerdofDkectom POWer to kutt Preference Shams

s c t t o a r w l b - w W I t h b m h d W 8 0 d t h e A d # f i e - t h e m a I of the CornpanyjmrmlsEa of preference sham, the Company ahell have aullmrity to issue the redeemahlo pmfemca shews. Pawor.& k shareslwlth the dlffmm11aI dgw ae to uotlng, dhrldend etc. s u b ) s c i t o a n d l o ~ w i l h t h e ~ d . S e c t I o n W o f i h e A d ~ n d e 6 ; r a p u l s u o n S or gulddnea f raml fhere tinder. lii f m f m thrb to h e , the Company shall have authm b lssw the E&& Shams wllh IPffenrdlel.rfghEe as to dktdend, vat& or &mb on s u c h t e m a n d ~ a s . m e y b a ~ u \ d a t h e p r w b b n s o f t h e s r d d a d w d n d s s and ragu&lm framed them under and subject b ihe same tha rate of voting shall be as wch as may be determined at the h e lawe of such class of shares In accoidance with the F S O b h ) pesged by tha :general meeting in Wfir repard. H ~ ~ F ~ N ~ ~ * ~ S ~ T ~ ~ W H ~ S ~ ~ ~ ~ ~ T I I O O ~ ~ I J I I I Wmdhwwlse pmidedbyqrScandWnsof hausarbyihe8epnsanfs, arp/capital raised

. . 3

i 677 1

of fhe afMasald power, the &tars may In particular $0 dedlne In any case h whlch the Cwnpany has lien upon the shares (or any of them) or whllsf any sharehdder the transfer Is eWer alone or jointly wtlh any pewan or persons, indebted to the Cwnpeny on any account wh-ver. or whkt my moneys In respect of the shares dealred to be bed (or any of t M ) remeln unpaid of unless the transferee is approved by he Board. The regbtraUon of the transfer WH be d u s i v b evldence of the approval of the fmnsferee by lha Board. Transfer Of Shares HOW TO Be Made . . Except where the transfer Is made pursuant to Artlde 27, the person pmpo+g to transfer any share'iherelnafler caller1 'proposing transfbrofJ shall gke n o W In Wing [hereinafter caUed Yhe Notfce? to the Company that he desires to transfer the same. S k h notice I&& spadly the sum he fixes as fa4 wlue of the shares anti shail constilute the Mrectow as agent for the sale of the shares to my member of the Company or person selected as aforesaid wlUng to . purehase the shares [hereinafter d e d the "Purchashrg M e m w at a price so Jfxed ,or at ths option d lhe purchasing member at the hiu value to be.foted h ~ c c a m Artldcs 24 - heminafter a pearhg. A transfer nothx inay WLKIB several dssssr and In such case It would oparate as I! it were a separate notice d each share. A t~nsfer noliee 8 M not be revoked except .wah the sandion of the Dbedors. I

-Shares Oomprfsed In the Transfer No* How To Be Dealt - . Excepl where the transfer Ls made pursuant to Arkle 27. the-shares comprised In any lransfer

noke shal be deal1 with as under. [a] The Board shall fmthwilh gke notice to all the members of the Company and specify Ihe

prlce d tho shares to. bb sold and lnvlfe tech of them 10 atale In wiHIng wilhln 7 days frm lhe date of the mM naHca whethar he b wiMng to purchase any and If so what maximum number of Ule said shares.

[b] ' After the sxpiraliwn of sdd 7 days the Soerrd shall a w e he sakl shares comprised In the transfer notice lo or amongst the members or member who shall have expressed their 1

or hk willingness to purchase as efaeMM, but sb that In case of compdilion, they shall rank for acceptance par1 pesw In proportion to shares held by Ulem end If any shares cannot be apporhmd, such shares shall be offered to them In otder delemilied by bt,

. and mom shsr cause such lata b ba drawn accordw. [c] If sha-es are not taken up by the pekmns ta whomthey are o f f d in ar;audance with the

fmgohg provisions and the Cbmpsny finds a purchasing member withln the space of three months after the expiration of the said 7 days H shall give notice thereof to the purchasing member and proposing transfew who shell be bound upon payment of fair value as fixed in accordance wlU1 Article 24 hereof to transfer the shares to such purchasing . membararnvmms,

Fair Val- Of Tho sh.ro~: TO 8. FLOd By Tha Auditor The fair v a k of the &a@s slrall be the fair Ydue fbced by the Dlradors. If the purchasing member wants that the fair value of W sherss notilied for the iransfer shall bs fixed by h e Audilor of the CompaCampany, the Dlmc4rs shall refer the mqt$r fo the AudYors d lhe Company and Auditom shall cerlify In Mting the.sian which in their opinion la the fair vabm and Mile so certifying; the Audibrs shall be conalderad to be ading as experts and not as arhItmtprs and accordingly the provisions bf t!! Indtan Arbitration Act, .$hall not apply. Procedure When Proposina Tpnsferor lllakas Default In Transferring [ I ) In any case where the pmwslng hnsferw afler havlng become bound aa aforesald

maker defm~& In Lrensfeming the Shares, the Directors may remiva the purchase money and the proposbtg ng shall be deemed lo have appointad any me Dlredor or h e semtary of the T 8s his r a t lo exmle transfer d sham to the purchasing . mambers, and upon. e -tbn of .such transfer. the Contpany rrtmll hold the purchase money In trust for pmposhg lransferor. Yhe re& of Vie Company for tltd purchase i m o w sham be a gqal dischergad to Ule purchasing member and after hls name behrg enlered in the Register of M b e m in purportsd exerdse of the aforesaid power, the

! d i i l y of lhe pmceQhgs shall not be .qwUpned by any person.

. :.: :, ,. :I .: ......

. : . . . . fm time 6 . f i ~ ~ q u c h , m m u m & ~ ~ ~ b k &$by.viay .of *.w &mbbn . . ,- ; . . ... :. ..;.. : . ~ a : . p ~ p O o n - in prOrr!,- o r . p a n l u W . s , ~ : b a n e ~ . o ~ b y ko@e. y..cy;i ,th+i@+ : : . . ..... . . ..: . ,-;.:, :.:.-..: > ..-..>j'? :-,..: .., - - . . : - .... ..... : . . . :.. .... . . . . . . . . . ............. > : : : : . . . ' : "-: ... . , . . . . . . . . . ... ..... . , . . . -Man,agement, . : ..:;:;. ..: .: . . . . ,., ...... . . . . . . .... ... . . . * : . ,

,.,:. ..:=: r:.;. *>, . . 59, ..The ~ e n e d - n ~ . o f ~ l c ? bua,-. of.:w..&iiary.s~,~;i<:the W I . : ~ ~ & -.:, . , .-.. : .?.:.

.... :,,.,:;: ~,:;:~.Dlreclws~shaD belnthe h a n & : d ; ~ . ~ i n e i n e ~ t w i s ; ~ & ~ h e Pi0ila.d tha Company, : . . . : . ::..' ... .+;?;any, .* &fi hD& panrer and euwtj, ,on behalf of the compehY to ~ a Ihe purehapee. . : . . . . . . .:- ., , :. '.:. . . .

. . . .end and to * a8 ap~rac~.and~~:;d0~;1.~eudr~.ada ;&nd..things%t&h irq ~ ~ # y . . : , . ;':. :.;,.: .,.::;12;: ,;: :. ... ~ . ~ , ~ . , ~ . h . . : t h e k n a g % t : n f . t t i e ~ , a f , ~ : 6 w n p a n y . ~ ~ i ~ . ...* ::....,. .$::.::. out Its,: .. .,.;;: ; .. . . . . . . -W;..an0,~fPrand 0 1 l . ~ - d . i i @ ~ ~ ~ ~ . f a 1 d r a y , ' : ~ ~ . e ~ d & ~ ;& : & a t a ;all ': ; . . . . . . . . . ;....; >... ......... 1. ...........

. . 1 . '..':-.. ...... :cheques, bifh of axChatWa. P!-t3!nl8miy :Gta'~,',diifls, q q n n t grid , ~ l ~ , , ~ ~ . ~ . , ~ ~ . . . .-; . . . : i : : . . . . . . . . . : be..-*. for, ~.,c=@ig:.w ~ t h e ~ . . ~ : o f h:-~+ij j&:&,w:i&,,,ju& ;defend . j , .;. ; :. : .... .. ....., 2.1 . . . '--.: ..;, ..., empmnise,iefy t o , . a ~ ~ n . , +'&er,M'~$;:;&:and . . . . . . .:. . : :;, .,: . . . ' . . . . ..;, :;: ...:-. .. ; : . - @ i W H ' (s ... " -.......... ;., .,.,. ~~~~mproy~mior.logpdo~~foi.~,~~, , ,; ,: , . :.

.:;: L:,i;,&+.lllB..b~..;dh.'%.b~d .h; nand :*&:.; &,,,hb,&$= . .; .. ,;. . .; .:. . . . . . . . . !...> . . . . I . . . . %'. - !L.. . ...:..: , . . .% . . ..mamers, m, -, , ~ ~ s , , ~ ~ . ~ ~ . ~ ~ ~ ~ ~ ; b b : ~ ~ ' ~ ~ f i ~ ::.% .............. .-,. ..:.. sheli. :.

. . . . ,-,,;,i.vi,. . %..: i: ... $ & k ~ ~ . . g n d g n d : ~ . s l ~ : : m o n e y *TfM=l$i 9 .......... ~ h e ~ , : : & r d ~ : . & . ~ y ...;,,,;:':;l';~;;~*~; . . and~.@(ng~.wu~d.dor! Ih*:~.of . . . . . ...... ........... .... fhcr:comRew~wiffi.oriwlth~t .. . . . ..... .:. . . . . . . . . . . . \ . . . . . . . . . ..;.; ,:.*; ...< .. ...... _. :I. ,,;,, ,;: :.? ( : - '-" :. .'...'"."'-

!, ...... . . . . , 5 , . ,

. . . . ................. .................... ., , .. . , . : ,. E . : . . . . :..,; ;i3)>':.'i'<...r. .:.-. .:.; .*,.'..::i!-' . . . . . . . . . .,:- ...... . . . . ..6Q~.,.:,,.9e&~d~0f ~re&oii'~&&lect a ~ ~ f q ; . ~ i ~ w & wje by

... . . . . . . . ..safe u o d y and affulng thenarf, unleeli ~~:pv&.7ddembpdj:.anyI of..the :& uee : :;,. . .

' :.., , .,".. ;:: 'sm I;~$;@qb! In:*&, t ~ ? . S a ~ ! . ~ f f f ~ * C ~ ~ ~ ; , b e i h & . b f . . . . . . th&W*dib m.-.aal slg, . . . . .> ., . ,-..;; :. . . . . . . .

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BJJAPUR-HUNGUND TOLLWAY PRIVATE LIMITED .. Regd. 06: "SadbhPv House",

Ow. Law Oarden Police Chowld, Ellls Bridge, Ahmedabe6380006 ~4: 079- 26463384,26405687,26469179 Fax: 079- 26400210.

. . . . . . . . . . . . . . . . . . . ' To, : . .

. . * . . . . . . . . . . : . . . . . . , . , !National Highway Authority of i.ndia . - . . . . . . . . . . . . . . . . . . . . . .. ' . , ?:,,: .- '. . . : . .: . , ' ""

. . . . . . . . . _ :C 5 (L 8, . .

: . . " , , , , , . ::: . . . . . . . . . . . . . . . . . . .: . . . .

. .-Sector-10,. Dwerka, . . . . . . . . . ?.: .,

. . . . . . . . \ . . . ? . ':'.NvOelhl-1 too7575 . . . . ,, . . . . . . . . , . , ' , . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _ . . : - . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . :.: . - . ' ~a rS i r , ., . . . . . .k.k ,- I,*. : . R . K . ~ ~ ~ ~ ~ + , A . . . : . . . . . . . . . . . . . . . . . . . . . . . . . . . . - ..:..:. . . . . . . . . . . . . . ..... . . . . . . . . . . . . . . . . . . . _ . . . . . . . . . . : : . _ . . . . . . . . . . . . . .... .. . . . , :

. . . . . . . . , :.' .. . . , , : :-; ~ u b : ' i ~a61& of ~Ij~~ut4iungund s e o ~ i n of NH-13 fmm kn. lEt.000.to Km.202000 In .;< ,.: .: . . . . : . ':the .Stab of Kamataka on Design, Build, Ffnance, .Opera@, and Tla.~.kr (U13E)FOR''.> ,Ti!, , .::i;l ), 1,;;: . . . . ... . . ,.., : . ,B+b under N H D P : P ~ ~ ~ Ill.. . . . . , . . . . . . . . . . . :... . . . . . . . . . . . . . .

/ ' .

. . . . . . : ., '..: > . . . . . . . . . . . ... .... :.' (.' . . . . .. . . :

: . .

,'Vkh t%feren& to the abwe bbfect, we w&ld like to inform you that we are the Concesshaire ; . ': . :..'., :

. . . ... . . . . . . . . . . . . . :..df. the' Projed and for fhe purpose of ex'ecuthg tha Cdnceseion Agretrment, ... we are s.ubmMfng., '.. .'. ::

. . . . ''4etwi8h.the Idfowhg donrmenta whlch ple.me.find.h .adar:, .': : . . . . . . . . . . '. . . ' . . . . . . . . . . . . . . . . . . . . . . . . z . . ' . . . . . . - . . . .

1. S h a r e h W Pattem of 6ijapw.Hurmmd Tdhvay Private Limited. . . 2. An UndertaMng fmm SadMltw Engineerld!~ Lhnited on Rs. 1W stamp paper duly

NdaIised. 3. Cerlifid tnre copy of the resolution passed by the Board of Dkectora at its Board

'

Meeting held on 25' February 2010 aumoriring the Concessionaire to sign. lhe Concession A g m 1 .

4. Legal Opkvlon from Lalit Patel & Assodabs on behalf of S W . 5. A letter from Sadbhav Engineering Umited requesting NHAl to accept fhe

t Conceesionate for the purpose of executing the Concession Agreement 6. A letter from Concessionaire giving its msent to parform the obligations and e x e ~ k e

the rlghts of Sadbhav Engineering Limited including obllgatbn to enter in to Concsssion bgresment.

7. Cert#led True copy of Board Resolution of Sadbhav Engineering Umted confirming meshed dedsbn and formihg of SW.

We hope the abwe docmmb win mset wtth ycur requirements for executing the Concession Agreement with the Coyessionalre.

. . We look fomyd to your positive response in Ute matter at the earllost.

Thanking You,

BUAPUR-HUNGUND TOLLWAY PRIVATE LIMITED a .. Regd. 0- 'Sadbhav HoUSe'; .

Opp. Law Garden PoliaChbwki, fllls Blidge, Ahmedabad-38W06 Tel: 079- 26463364,26405687,26469179 Fan 079- 26400210.

. . . .. , . . . . . . - ' I . , : - , :' '::

I . . . . . . . . . : . .

.' ' ' .Shareholding Pattern of Bijaput-Hungund Tollway Private Umited . . . . . . . . . . ": . .

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Name of the Shamholder Sadbhav Enakeerlm Ltnitsd

Opp. LPW Garden Police Chowki. Ellisbridge, Ahmedabad480006

Na of Shares - . . . . . I

' ..:: ' . . . .

'

In temw of P& 7.1 (k) of the Dmfl Concearkn ~~ktmer i t , Sadbhav Engineering LimRed R '. '' '.'.: a Mhg mom than 61% of the issued and paMtip Equity Capital of Bijaprr-Hungund Tdlway

private Limited.

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1 1, HMu Colony, Opp. Sardar Patel Stadlun, Navrengpura, Ahmedabad

10000' 100

._ d, S a w ~ n ~ i n e e h g Limited and Sadbhn Infrart~~ctun Projects Limited hasing Ikir Registered Office at 'Sadbhav House', Opp. Law Garden Police Chowki, Ellisbridge, Ahmedabad-380006 hereby undertake that:

I

k ~ a d ~ l a v Enpinewino L M $ ~ (SEL) snd w b h a v infnsbudure ~mjkh ~ i i t e d

1 (S1PL)'belrtg Associate of SEL shall hold not less than 51 % (Fifty One Percent) of the ls~ued end paid up oapitel of Bljapur-Hungund Tolhrvay Private L i e d 6s on

( the date of the Concession Avreement and that Sadbhav Engineering Limited shall hold not less than 26 % (Twenty Six Percent) of such equity during

1 construction period.

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, : . .

. . . . . . I That a9greg.t; of Sadbhav ~n~ineerhg' limited Md Assodabe . , : .< ';, : : , '

.: . ........ . SIPS shall not fall -below 051% (Fifty one percent) in the Iss&.and,paid .up. '.' .: r :

cztpitaf d . 8~~1p<r-~u"gund TO^^. Priy;ite.. timad,. :du"ninp coMtcu&n 5 ;:, .-:- :. : . . . . . . . ... . . : ... t perbd (4 33%?Thirty ~hree' ~ewt) thereof perod of 3 . , ( ~ & ) iears :; : : .: : . ,

I . . . . f0b0wina' COD :arid @I) ,2696 (Tmnty..S(m Per~nt ) :m.kf or SUE-, :-be, .: j : :.:':, li':.....

! . ,. PW~.. W Y be W d m by the A~thotfQ durjng the remaining -8im.. : . . ' , ' . . . . ,, .............. ; ... : .......... : ............................... --,::..- .... .,;. :: .:,':'.:."':.':;,::..:.,: '!

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.._ . i :

Solemnly affirmed at Ahmedabad on 25' day of FebNsr);.2010 . . . .

I

For, Sadbhav Engineering Limited

**b * .

Managing Dimto

- -- NOTARY

. GOVT. OF 1NDIA

. BUAPUR-HUNGUND TOLLWAY PRIVATE LIMIT ED a - . . Reg4 O f W 'Sadbhav HouseM, -

Opp. Garden PdlC Chowkl, Ellk Bridge, Ahmedabad-380006 Tel: 079- 26463384,26405687,26469179 Fax: 079- 26400210.

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. ?

r :Fertified The CODY of'the resolueion Dadsed bv the Board o f Diiictors of ~ l i a ~ u r - ' - : .. ;- . . . . .

201 0 . .. ' .Hun~und Tollwav . . Private Limited at its h e r d b d n h held on 26' Februaw . : . . . . . . . . . . -: . 'At Rehlste& ~f f i ce of the.Comoanv at "Sadbhav House". Om. Law Garde~ , . : . . . . . . . . . . . . . . . . . . .

d i . Elllsbridae. Ahmedabad-380066. . ' . ;Police Ch . . . i

. . . . . . . . . . . . . . . . . ;. ' . . . . . ' . . , , . . . . . . . . . . ;. . . . . . . . . .: :: ' . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ....

: . . . . . . % ,. . . . . . . . . . . . . . . . . . . . . . . . . . . . ,;.,. : _'qyWodty to .sign and execute Concession Agreement with National Hlghway ,,: 1. f . ........ : - . :

: . . . - . . . . : : .':Authority of lyjia, New Delhl. . . , . . . . . . . . . . . . . . . . . . . . , . . . . . . . . . . . . . . . . ...... . . . . . . . - : : > : _ : :,, . . , . . . . . . . . . . . : .

:- :.:'%EsoL.Yu) THAT the drafi ~oncesskn Agreement t o be entered into wlth ~ational 1 .:, .< . :.;. . . . . . . . . .: : . ..' '.. :::Highway .Authority of India, New Delhi oopy of which is'placed before the Board duly . . . . , . . . . . . . . . .

' . 1'. initisdql by tbe.Ghairman be and is hereby approved. . . . . . . . . : . . , . .

. . . . , . . . . . . . . . . . . . . . . . . . . . . - < . . . . .

- "RESOLVED FURTHER THAT Shri Vlshnubhal M ~ate i and Shri Nitin R Patel, Directors of the Company be and are hereby severally authorised to (a) accept amendments to such Concession Agreement or other documents as may be necessary: and @) to execute the said Concesslon Agreement and do all such ads and deeds as may be required by the National Highway Authority of India in connection with the afwesald, and to sign all other papers I documents which may be required with respect , to ihe Concession Agreement.

"RESOLVED FURTHER THAT the Comnon Seal of the Company, if required be dixed to the said Concession Agreement in the presence of any one of the Dictors of Company who shall sign in token thereof.'

Certified True Copy , .

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For, Bijapur-Hungund Tollway Private Limited . . . . . . . .

w . - . . . . . . . -.

Director . . . . .. : . . . . . . . . .

. . . . . . . . . . . : . . . . . . . . . . . . . . . . - . .

- .. - - - - Advocates '-*uhm&.--. ,;

m.puhplGuden~ord, . . I H0splt.l. . 1

-." 'M" LIW.

~ : ( 0 ) 3 s 4 1 2 l 6 4 ~ ) ~ o m 5 2 . * . .

... . . . . . . . -?.+.! ,bld.J+atwemcain . . . . . . .

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.'a : ; , .

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. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .TO whm It may concern

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3. The Board of O i i o r ~ in meir.meet'ig held m 2B Febmary 2010 ~ s ' ~ p p r w e d @I@ C~cersionbreement and autholissd C Dimton to enter into tk rang.

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. . . . . . . . . . . : . . . . . . . . . .:: . . . . ; . " . . . ~ . ~ E . I J B H T W ~ Q - I O . , 1.: . . . . . - ' . . . . . : 2 ~ - ~ , e ~ a y 2 9 1 0 1 , , I . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . > . .

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. . . .. . . . . . . . . . . . . . . . . . . . . . - . . . . . :. :National Highway &thwlty.~o!,lndle,. :. .: . . , . . . . . . . . . . . . . . . .

., . . . . . . . . . . . . . . . . . . - . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .: : ..: "G.5&6 . ; :;:. : . : , . . . . . . . . . . . .

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. . . . ...... . . , . . . . . . % L. . : . . . . . . . . . : . . . . . . . . . : . . . . . . . . . . . . . . . . . . . s

. . , . ..$e,ctor-lb,, Chkrka, . . . . : : . . . . . . :. . . . . . . . . . . . ..... 2 . . :..: . .NwDe*Cl$OO 75,.: : " :.:., :::;.::; ..;: ;:,...: :.:.:,:;,':; , , . . ~ . ~ ~ { . . ~ ~ , .:................ :. ...... : ..: ;..: ;.. ::". :.:;..:, :..;;'.:..:;. .'.; . . . . . . . . . . . . . . . . . . . . . .: L :.. .,': . . . . . . . . _ . . . . . . . . . . . , . . . . . . . . . % . . . . . : . . I . . . . . . . : . . . . . . . . , . : . . . . . . . . .

., . - . . . . . . . . . . '. . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . ' :; :.-Dear.W ,; .:.: . . . . . . . . . . . . -:..:. . , . : . , .; . . ? . ' . . ' . ..;...... ';: ' . ' . . . . < . . . . . : . . _ . . . . .

. ' . . . . . . . . . . . . . . . . . . . . . . . : ...... : : . , - - . . . . . . . . . . . . :... . - , . . . . . . . . . . . . . . . . . . . ....... . . . . . . . . . . . . . , , , ' ....... : . . . . . . . . . . . . . . . . . . . . . . " . . . . . .....'.:.:., :. . . . . . . . . . . . . . . . . . . . . . ., " < :.

. :~yb; i ;bd"g ~ i ~ o ~ ~ ~ ~ ~ ~ n g l # l d , ~ r c t i ~ n of .NH.I~ fniti . ~ n 102.000 to.km 2 0 2 ~ in :. ,I. .(. :-: : : . . . . . ithe StsUid Kamataka on:Deslg.n,.,BuUd .Finance, 0perata.and. Transfer (UDBF.ORI) Toll. ' ' '. 1. ' '$; :

, ... '"Baj iqunder~~~p phaae1i~ .; : ........ ,; -: .............:...: ',j: .,,:. 1; .: . . . . . . . . . . . . . . . , " ;'..::-, ...:....;... ' . :,,. ';: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - . . . . . . . , , . i ; . . . I i . . . . . . . . . . . . . . . . . . . . . - . . ...

: . . . . . . . . . . , . . . . . . . . : . . . . . . . . .

. . . . . . . . . _ % , : . . . . . . . . . . . . . . . . . . . . . . ... . . . . . . .... .... . " . ' . . . : :. .." . . . ..... . . . . . . . . . . . . . . . . . . . . . . . . . . . . - . . . . . . . . . : . . . . . . . . . . : . . . . . :... .: . . . . . . . . '.? . . . . . . ': . . . . .

~ ~ ~ ~ t ~ u . . 0 ~ 4 r ~ ~ a a t o , ~ ~ j ~ ~ a t ~ ~ ~ ~ h n b m ~ ~ ~ . . . . . : . t~ o q .company In terms of .LOA dated M a r y 2010, As per coodition No. 3 of LO4 we .have lnoorporated a S M . Purpoee Vshlde .(SPV) under lhe name and style ' m B i j ~ p ~ . .

. . :-. Hungund Tollway. Private .tlmitednwltQ ,Registrat.of Companlss,, Gujarat on 22".Febnraty . , . . . . . .

.. 2010. .:, : : . ; ' : : . . . . . . . . I . . . . . . . . . . .;,:,;. ,...:... ,.:!. ::. ,:. :..,... . : . . . . : . . . . . . . . . . . . . . . . . .

., . . . .

. . . . . . . . . . . . . . .,. . . . . . . . . . . . . . . . . .

&.,&fm'~equest.you.~ @.&ipt.the ~ ~ - ~ . t d e co&edrnrre bl ihe pmte~t &I . . -. ' . ,::; fmnMtbs In r M P a of incowtatron it. S W hbbwn complete& We aleo request you to make

'

a l . flitwe . cartespondancs . . . .. .in thename dS.W-i3dapurHungu,nd . . Tollway m a t e Limlted.

We onceagain . . . requast you to,a.W.fie . . . SPV as ~.~cy.sionalre of the aforeeaid project ... . . . % . . ' . . . .

~henkhg YA, . .

. . . . : . . . .

Yaws Sincerely, . . . . . ' . .

For, . Sadbm., . . . . Engineering . LKW, . , . . . . . . . . . , .

. .

: t

i .' BUAPUR-HUNGUNDTOLLWAY PRIVATE .. LIMITED ' . '

. . . . . . . Regd, Omca: "Sadbhav Hou$e", '. Opp. Law Garden Police Chowkl, Rlls Bridge, Ahmedabad-380006 Tel: 079- 26463384,26405687,.28469179 Fax: 079- 26400210.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . . . . . .

. . . . . . . . : . . I . . . . . .

BHTWPt7SEIJ2009-10 . , . . . . . '25n. ~ebnrary 2010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . _ . i : . . . . . . . . . . . . . . . . . . . . .

:.: ,'

. . . . . . . > . . . . . . . . . .

. . . . : : . . . , - . . . . . . . . : : ,.,

. '..''.To,. . . . . . . . . . . . . . . . . . . : . . . . . . - . . . . . .

. . . National Highway Authority of India, . . . . . . . . .:.. . . . . . . . -. . . . . . i . . . . - . : . G-6&6, :. . . . . . . . . . . . . . . . . . . . ... . . . . . . ~ . . . . . . . . . . . . . . . . . . . . . . . ': .-:.. 1Sector-?O,, h r k a , . . . . . . . . . . . .

. . . . . . . . . . . . . . . . .

. .: . . . . . . . . . 1 ' . ' ..New Delhi-l.jOff75 . . . . . . . . . . . . . . . ;.. ..: . . . . . . . . . . . . . . . ..:.. : . . . . . . . . . . . . . . . . . . . . . . . . . ..,; .>. ......... :.. : ~ . . . . . . . . . . . . . ~ . . . . . . : .. . . ! . : . :

. . . . . . . . . . : ' . . . . . . .::. ' ; . . . . . . . . . . . . . .: . . . . . . . . . . . . . . :., . :Qea~ Sir, '. ' . . . . . . . . . . . . . . . . . . . . . . . . . , . .. ..: . . . . . , . . . . . . . . . . . . . . . . . . . . . . . ' : : .. . . . . . . . . . , : : , , . . . - . . . . . . . . . . . . . . . . . . . . . . . .*.

. , . . , . , . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. , ,

. . . . ,, . . . ::Sub::i b,*g of BlJapur-Hungund sinon of NH-~J ' .?~ Km. 102000 tc; Km 202.000 in. '.: : I: ...:'..'.. : ..

.- .. the 9tatq of Kamataka on Des3g%'Bul14.Flna~,:op~atesaml T,wsfer ("DBFORT. . . . Toll .:.:. . : ' :: . -; . . . . . . . . . . . . . . . . . . . . . . '. 'B*is.,under NHoP.?h~se Ill. . . . . . . . . . . . . . . . . . . . . . . . . . . .

. , , . . . . . . . . . . . . . . . . . ....... . . . . . . . : . . . . . . . . .

. . . . . . . . . . . . . . . . . . . . . . .. . . . . . . _ . : . . . . . . . . : . . . :. : . . . . .

, . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ... . . . . . . . . . . . . . . . .. , .

' . ~ t h reference to the above, we'hereby givi our consent to act ,a& ~okesionaire of . " .: . . . .:.. .: . : . . . . . . . the subject project and accept to mdertake and perform the obligations and to exercise

. the rlghts.of.hllls Sadbhav'Engineering Limited including the obligations to enter in to , . - . ,

Concession Agreement pursuant to LOA issued to MIS SadbhavEngineering Limited. . . . . . . . . . . . . . . . . .

. . . '- . Thanking :... You, . . . . . . . : . . . . .:. . . . . . . .

. . . . . . . . . . . . . Yours Slpcerely, For; BIjapuF.Hungund . . Tallway Private Limited . .

SADBW ENGINEERING LIMITED

CeNfied true coav of the resolution msed bv the Boenl of hrectors of Sadbhav Ensinoetina Umlted at its msetinn held on 30L" Januarv 2010 at the Reuistered OfRce of the Comvanv at "Ma$ House': O D ~ . Law Oarden Police Chowki,

rklw. Ahmedabad

: ..'RESO.LVED THAT.. the : -consent of .the :.Board of Directors Is given to . , . . . . . . . . ... : . .-hrC!Ot'p~rate/~rOmOte ,a .!.?ewPriv& Limited Company wilh authorised capital of Ra. 5.00 . i '.; . . . . . .

: .~~~(Rl~upesa , :Fi . .La~. .only)- as:Special Purpose Vehicle (SPV) to undertake the . . . . . . . . . . . . . . . . . . . . . .. : 'k.: ' -;proSed.~ilc'of 4 LanFg of BijapurHungbd SecitIon of NH-13 from Km. 102.000 to . . . . . . . . . .

. . . : ..:~~..mLow In ..the State. of ' K e t a k a on D.sign, Build, Finance, Operate and . . . . : . : : ' - T ~ ~ ~ ~ R B F O . R ~ I Toll . . . . . Basls.und~NHW-Phase . . . . . . !I.. . . , . . - . . . . . . . . . . . . . . . . . .... . , . . ,. . . . . . . < .

, 'RESOLED FURTHER THAT SM Viubhai M Patel and SM Shashin V Patel, + Ir Managing Director and Joint Managing Director mpdwfy of h e Campany be and are

h-by aulhorised severally to apply to the Registrar of. Companies, Gujarat for availabUlty of name of Company to be incorporated by n m

Bi/apuwungund Tollway Private Umited or . .

Such other name aq .tMy rnai'thinlc'flt anci atso be made available by he Registrar of . . .C.ompanies, Gujarat.

. . . . . .

"RESOLVED FURTHER THAT consent of the Board of Directors be and is hereby . , acmrded to the Company for subscribing the 9990 Equify Sham of Rs. 1W- each in

{ Equity of the saM new Company by way of subscrblng the Memorandum and Artides of Assodation of Ule said new Company.'

RESOLVED FURTHER THAT Shti Vlshnubhai M Patel, Managing Director of the Company be and is hereby authorbed to sign on behalf of ffie Company as subscriber to Memorendwn and Artiales of VM sald New Company.'

RESOLVED FURTHER M A T SM Vishnubhai M Patel and SM Warhi V ~ a k l . :Managing.Directw.and Joint Managing Director raqmtfvely of the Company be and are ;hereby.several!y authoilsed to do fl.slecessa.ry acts, deeds and things for giving effects

. . . . , -&.this ..: '&utlon." ' . . '..

. . . . . . . . . . . . . . . . . . . . . . . ...... . . . . . . . . . . . . . . . . . . . . . Cerfified true copy

. . . . . . . . . . . . . . . . ... . . , . . . . . . . . . . . _ . ./._ . . . . . . _ . . . . . . . . . . . . . . . . . . . . . . . . - - '-

. . . . . . . . . . . . . . . . . . . . . . . . . . Por, Sadbhav . . . . . . . . % . . . . . . . . . . . . . .

. . . . . . . . . . . . . . . . . , . ~ : . . . . . . . . . . . . . . . . . . way Kalyani . .

. . . . .

. . . . . . . . . . . . . . . . . . . . . .. ...

. . . . . . . . . . . . . :.. . . . . . . . , i . . . . . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .<. . . - . . . . . . . . . .

. . . . . . . . .

BUAPUR-HUNGUND.TOLLWAY PRIVATE LIMlTED . . ~egd..office: 'Sadbhav ~ o u s e ~ ,

., - O ~ . Law Garden Police Chowki, Ellis Bridge, Ahmedabad-380006 Tel: 079- 26463384,26405687,26469179 Fax: 079- 26k00210. . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . - . . . . \ . - . . . . . : . . . . . . .

. . ............ . . . . : \CERTIFIED .mUE COPY OF THE EXTRACT FROM THE MINUTES OF THE f

. . . . . . ..':..MEETING OF THE BOARD O F DIRECTORS OF BIJAPUR-HUNGUND ::.. .. :' (' . . . . . . . . . . :.TOLLWAY -.:PRIVATE LIMITED HELD ON 4'h. ~ a k h 2010 AT THE ..:... . . .

:. :R.EGISTEREDOFFICE OF THE COMPANY . . . . . . % . : . . . . . . . . . . . . . . . . . . . . . . . .

, . . , . ,;;, ..; .;;: . . . . . . . : . : . . . . . . . . . . . . . . :. . . . . . . . . . . . . . . . . . . . .

...... > : .n)e.:~@?aging Director informed the Board that the company may approach to - : .::':;.:: j:..:,: .. ........ . , .. . . . . :--i.. .': "Yes' Bank. Limited for sanctioning Term Loan and Bank Guarantee facility up to .. . . . . ., :.: . . . . . . ...:... :INR 9.00 :MM. as per terms 8 condition as may be stipulated by the bank. ,The. ,:.:. ... : :: :':.?:.!.:'

. . . . . . . :: :.:. .:bard discu,sSed the matter in detail and passed the following resolufion: . - . . , .

._. - . .' ' . . - . . . . . . . . . . , . . . . :

..< ': . . . . . : . . . : . . . . . ..:...... . , . . . . , : . . . . . . . . . . . . . . . . . . . . . . . i .'-';:' .':$RESOLVED THAT the Company do a v d Term Loan 'and Bank Guarantee - 1 . . . . .

, . . . . : -:@citity. up to INR 900 MM as perlerrns & condition to be stipulated by the bank- " : : :'.':! . . . . . . . . . .vi*,ils sanctionletter.' . < :: . . . . . . . . . . . . . . . . . . . , . .

. . . . . . . . . . . . . . > . . . . . . . . . . . . . , . .

. . . '!RESOLVED FURTHER THAT the Company do authorise (i) Vishnubhai M. .Patel :(ii) Vasisthkmar C .Patel, Director of the .company, severally to approach, '.

.[ 'negotiate, approve and.accept various terms and.conditions as may be stipulated. . . . . : :. 1.. .. by .. thebank and execitte necessary documents as may be required by YES Bank - . .... -Limited . . . . &om time io time."

. : . :.. . . . . . . . . . . . . . . . . . . .

"RESOWED FURTHER MAT the Common seal of the Company be affixed wherever required 'in the presence of any one of the following directors, namely

. (i) Sh? Vishnubhai M Patel (ii) Shri Vasisthkmar C Petel who do sign.the same. . . and dne of them to cotinter-sign in token thereof as required by the Articles of

:Association . . . of the Company .' . . . . . .

* . . . . . Certified true copy . .

. . . . . . . 4

. . . . . . . . . . . . .

. . For . . . . . . . . . . . - . . . . . . . I

. . . . . . . . . . . . . . . > . _ . , . . . . . . . . . . . . . . . .... . . Director

. . . :.. : ..... ........... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . : . . . . . : .:-. .. 2. . . ,,: ,;.I , . . . . . . . . . . . . . . . . -,. ; . . " . . . . . . . . . . . . . . . . . . .

. . . . . . ( - .: I . . . . . . . . , : I

. . . . . . . . . . '..',:: ..: i..:.:: ,.;, .: . . . . . . . . . . . . . ..... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .: ::...; .,>.

.. . . . . . . - . . . . . . . . . . . . . .

. . . . . . . . . . . . . . . . . . . . . ,. # . . . . . . . . .

BUAPUR-HUNGUND TOLLWAY PRIVATE LIMITED' . . . . . . , .

. . ~egd. dm-: =Sadbhav HOW^''^. . .

* . . . . . . . . . . ' Opp b w Garden P o b , C h h ~ k l , Bffi.8- Ahmedabad-380006 . . . .

. - . . . . . . . . . Tel: 079- 26463364,26405687,26469279 m . 0 7 9 - 26400210. . . . . . . . . . . . . . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . : . . . . . . . . . , , : . . . . . . . . . . . . . . . . . . . . . . . . . . . :, . . . . . . . . . . . . .

. . . . . . . . . . . . . . ; . . . . . .. .:. ...: .~HTWPllSEv2009-10 . . . . . . . . .......;....

; . . . . . . . . . . 4LMarch2~10 - i. . . . . . . . . . . . . . . . . . . . / . . . . . . . . . . . . . .: .. . . . . . . . . . . . . . . . . . . . . . . - . . . . . . . . . . . . . . . . . . . . : . ? .;., ::: . . . . . :':N.&drul Highway Authdty d India, . '

:.:. . . . . . . . : . : . , . '

. '.. , ;., . . . . ..o,ss-e, . . . . . . . . . . . . . . . .. : .:.--lo,, Dwarka, . . > ..:. . . . . . . . : . . . . . . . . . . . . . . . . . . . . . . - .-:Nm.Delhi-I1W75 . . . . . . . . . . : . , ).. ' '.' : \ . . .

, . I . . . . . . . . . . . . . . , %. ..

. Klnd Atten: Shrl R K. Slngh . . . . . . . . .

:.,Dear,Sir, . . . . . . . . . . ,

. . . . . . . . - ... . . . . . . . . . . . Dy. General Manager (is) . . . . . . . . . . . . . . . . . . . . . ._ .- . . . . . .

. . . . . . . Sub: 4.Lenlng.of Bijapur-Hungund SecUon of NH-13 froli-I t&. 102000 &I Km 202.000 In :.. : '. .'. :

. . . . the State of ffirnataka on Design, Build, Flnance, Operate and Transfer ("WOR") Tol! '; " ' '

. . . . Basis Under NHDP Phase ill; . . . . . .

. .

In .aytUnuation of our earlier submlsslon dated 25" ~ e b u a r ~ 2010, please find enclosed : . . . . . . . :.I:': . . . . . . . . ' herewith'lhe fdloqng docwnei~ts: . . . . . . . .... . . . . .: . . . . . . . 1. l s to f Board of-DMors as & 0603-2010 '

. . . . . . . . . - . . . . . . . . . . 2. List of Shareholders as m 04-03-2010 3. , Shareholding pattern of the Canpany. 4.. Certified T m copy of the resduUon of passad by Joint Venture partner at its Board

Meeting held on 22* Febmary 2010.

Pkase find the above documents in order.

Thankinp Yw.

Yous Sincerely, ' For, %iapuCrHlt)d Tollway Private Limited

. . .

@&!" d: as above

. . . _ . . . . .

. . . . > . . .

. . . . . . . .

BUAPUR-HUNGUND TOLLWAY PRNATE LIMITED - . .

. . Regd. Of fkc "9adbhw H . m m , . . . : . . . . . . . . . . Opp. Law Garden Polke Chow& Ellis Brldme, ~ h ~ a b & 3 & 0 6 . . . .. . , ; : ., . . , .

Tel: 079- 26463384,264056S7,26469179 FaxI 07P-~26400210. . . . -. . . . . . . . . . . . . . . . . . . . . . . . ., . . . . . .. ' I . . . . . . I. . . . . .

. . . . . . . . . . .. :. . . . . . . .. . . . . . . . . . .

. . : t i t of Board of Directors as on @ march 2010 . . . . . . . "

Name of Director .

. . . .

Vi-hai M Patel .'Stlastin'. 11, Wmlu.coiony,

Opp.,Sardar Patsl Stedlun.

~ h ~ & b a i s a o do9

Mr. Vasistha C Patel,

3. Vrundmri Park,

Near Meghalaya nets, .

Navjeevan Post Office . . . Ahmedebad380 014

Nlth RPalel.

. ' W a v Ld, Opp. Ever ~ a l i a

Flats. Nr. Jaln Temple,

Ankur Rod, Nknpura,

~ h m e d a ~ t # ) O 1 3 . .

Kanubhai M Patel

W m h n a , 18. Ash& vat1ka-f. .AmblCBopal Road,

Bodakdev, . . . .

Ahmedabad-380058

. : i . . .

. . > .:... . .

. . I .

. . . . . . . . .

.

'

*

:

. . . . . . . . .

. . . ' . . . . . . . . . . . . . . ' . . : . . > . . > ' . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .,,

. . . . ' \ . . . . . . . . . . : . . . . ; . . . . . . ,.: ..... . . . . . . : . . . . . . . . . , ._ . . . . . . . . . . . . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . , ..... , .

. . . . . . . . . . . . . . . . . . . .

. 'd . . I :..

. . . . . . . . . . . . . . . . . . . . .

. . . . . '. . . . . . . . .

, . . . . . . : . . .

. . . . .

. . .

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. .

. . . . .

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. . . . . . -.. . . . . . . . .

Date of Appointment

22-02-201 0

22-02-2010

22-02-2M0

04-03-2010

. . . . . . . .

Sr,No., . . , : .

. . . . . .

11 .

. . . - . . :'

.

2

3

4.

. '

PAN .

AEHPP8757L

. . AATPP3517C

AEJPP9787Q

AEHPP4926P

BUAPUR-HUNGUND TOLLWAY PRIVATE LIMITED. . . . . . Regd. Office: "Sadbhav House", . .

Opp. Law Garden Police Ckowkl, Ellis Bridge, Ahmedabad-380006 * ?el: 079- 26463384,26405607,26459179 Fax: 079- 26400210.

. . . : . . . . . . . . . ,

. . , .

List,of . . . . Shareholders as 04-03:2010

Sr. No. I Name of the Shareholder , I No. of S h a ~ I. ' I Sadbhav Engineering Miteif 1 15390 . -.

. I [SEL) ' "Sadbhav House* 1 &d. Law Garden Police I . I

- v w - 10

.of SEL) . hashi in' 11, Hindu Cdony, Opp. Sardar Patel Stadium,

' ,

Naviangpura, Ahmedabad Montecarlo Constructions Limited,

floor, 706, Shilp Building, C. G. Road, Navrangpura, Ahmedabad-380009

4600

20000 --

BIJAPUR-HUNGUND TOLLWAY PRIVATE LIMITED. Regd Office: 'Sadbhnv Houseg, . .

opp;.kw Garden police ~ l i o w ~ , ~ l l i s Bridge, ~hmedabad-380006 * . .

Tel: 079- 26463364, 26405687,26469179 Fax: 079- 264M)UO. . . .

. . : . . . . . . . . . . . ... . . . . . . .

. . . . . . . . . . : : . .

. . . . . . . . . . . . . . .

. '~brehbkling Pa%m of Bijapur-Hungund ~ollway private Limited . . . . . . . - . . . . . . .

. In . m s of Para 7:l (k) of the Draft Concession Agreement, Sadbhav Engineering tikited is

. holding more than 51% of the. issued and paid-up Equity Capital of ~ijapu&~ungund Tokay private Limited.

I -

. .

':- - Sr..No. 1. . . ; -

~ a n i e of the Sharehoider ~adbhG--&in&rln~ Limited (SEL) 'Sdbhav House. Opp: 'Law Garden Police Chowki. : Ellisbridge, Ahmedabadz380006

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Jo:of Shares ,

15390

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Percentage 77

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Vishnublyi M Patel (Nominee of SEL) 'Shashin' 11. Hindu Colony, Ow. Sarddr Patel Staaium.

' Navrangpura, Ahmedabad. Montecarlo' ~onstructitions Limited, '7M fldor, 7 Shilp Building, 'C. G. Road, .

Navrangpura, Ahmadabad-3,000W-.. ---*+.--

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- , . < . . . . . . . . . Uusrnoss . . . *,I&-<:.: !-) Morltal:.aflc C~nsmcllo~la T' FIOOI.. 705 S~IK, . , : . : . ' ' . . . . . . . . , . . _ _ . . ' . .

. . . . . . . . . "L:m~led Ht~ilrftng . . .. . . . . '., . . . .

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. . . . . . . . ... , Navriuqjpttra . . . . .

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, Ahmeuati-3ilCl;jOl;I . . , :: , .

TOTAL .7ooda

. . . . . . . . . . . . . . . . BUAPUR-HUNGU ND TO~LWAY :PRIVATE . . . . . . . L ~ M ~ D , . . . . . . ~ * ' ~ , ~ ~ ~ , : ; . . .

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. . Opp. Luw Qadm ~ol~ce~Chowk1, El@ B@g& Ahmedsbnd.38MM Tel: 079- 26463384, Xi40MW,28469UB Far: 264OD210.

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' . . - . '.5*March2010 .: . . ........ : ..&l-fo . . . . . . . . . :. . .

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. . . . . . . . . , .. , .. . . . . . . . . : . . . ' X \ . . . . . . . . . . -..'New m+110075 . . . . . . . . . . . . . . . . < . . . . . . - . . , . _ . . . . . . . . . . . . . . . . . . . : . . . . . . . . _ . . . . . . . : . . .,.,.. . . . . . . . . . . . . . - . . . . . :'. ... .:,;..,.. . : . . . . . . . . . . . . . . . ~ ~ h d ~ t r s n : s h r t ~ ~ . a n g . . . . . . . . . ....:.- :-+! ., . . . . . . . . . i ; . :-

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.. , . :iSpb: 4. LBninp U BIJapur-Hungmd Section of NH-13 fmm Km. 'f02.000 t6 Km 202.000 in : . . , " ..!. ' ' ,

, . .- ;:: , the. Stete:of Karnataka on Derlgn, Bu11ds,Finance,:0perats , and . . I Transfer (PBFOR"). . . . . . ToR :-'.';' .' ' : . . - . . . . . ,

. . . . . . . . . . . . . . .Bas@ ypdy, p. Ph8se IIL . . . . . .- . . . . . . . . . . . . . . . . . . . . .

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pwbbphonia d- wiiQl your good df dated 4" Fekuarp 2010, pkasa fd . ulcklWdherwrvJth(hb~downenEs

1. Urcular copy of the Eoard tion on on 2~~ Fekuary 2MO.

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. . , . . 'sudh HoCr'.

7 larOlmbnldiaCha.bi

W L , SADBHAV.

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ENGlNEERlNG . . . . rd: ~ ~ N ~ ~ , z w P I ~

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mb:.uwrJodbhaergmm - . . . . . . . . . . . . .;. . , . . . . . . . . . . . . . .

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. . . .Circular

. . Resolution pawed bv t f ~ 6oard.of Dire* ofSa. enah Limited q . . . . mndav. f Feb w 2OlO $t h e R & d Office o f ~ C o m ~ a ~ * Sadbhav

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': , .TESOLV~D. n-IAT.the .Company b.hsrsby b d d c to invest In the equity share of S W namely Bijapur-~un~md. ~dlwa~ ~rhra,te.~irniied and tpttnueb invest in the saki SPV as

:, per the terms .ofofthe .Corpmlo? ~gry8rwnt.e. . ' : "-: , .

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Certified T N ~ Copy

For, Sadbhav Engineering Limited.

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. . . . . . 05~March,2010 . . . . . . . . . . . . . . . . .

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. . . . . . . . .: . : . . . . . . . ' .: . . :. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. ' . . . :; . . . . . ..: .: ,: , . . . . . . . . . . . . .,: . . . . . . . . :. . . . . . . . . . . . . . . , . . . . . . . . . . . . . . .. ::: . , ; . , '. - . - " . . . : , - . . ,

. . . . . . . . . . . . . - . . : . . ' ' .' ,,:. , -..;. :>. . ' .. , . . . . ' . . : . . .. . . . . ...: a , - . . . . : . . . . . . . . : . . . . . . . . . _ . . - . . . . . ..... . . . . . . . . . . . . ' . . . . " ' . . ; , , . . : ,.,. ::,;. : . . . . . . . . . . . . . . . . . . . .- . : ._ . . , . . :. . . . . . . . . . . . . . . . . . . . < . . . . . . . . . . i . : '.. < . . 1 . _ 1 . .

. . . . . . Dear 5L, . . . ~.

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S zjn if'do&im&ts =&&& v ~ / i ~ E ~ ~ ~ ~ & & q - & m fbr~~o&& of +pds*l, : c . ~ , . . . . : - Purpose vehicle FFV) mu&ly MIS Bijapur Hungund Tollway private Lhbd'of Design, : . . . . ',.: . : , ; Engineering, FinanceI Procurement, Cmatrudion, Operation and Maintenance ,of b ~ ' . : ,: . , , .;, . -g of B i j a p to Hugorid Sgtion of NH-13 fm Km 102~00 to 202.000 in the State of . .- '. ,. : . . . . ~ ~ e . ~ ~ dB~mdrr p&tte&.d~i NHDP phaCcm& ,regarding : . . v... . . . . . . . . . . . . . . . .

I Ref: 1. N H A I / B ~ / ~ ~ M ~ / P P P A C / K N T / ~ ~ / ~ / ~ )

2 SBLMCL Consortium Letter no. B ~ P t / S B L / 2 0 0 9 - 1 0 dt 25" February, 2010 3. SELMCL Cowortiurn Letter no. ~ l X W ~ ~ ~ ~ ~ L / 2 ( 3 0 9 - 1 0 d t 4h March, 2010

. . . . . . . . , . . . . . . . . . . . . :. . . . . . . . . . ~h~ bidd&Mj$ sfit'M~t'&&~~~-ii.S~tnnii~&t&& t o p y ~ d . d ~ e n ~ ~ a s &ifit&.klow .;, ,: ii . . . . . . ,;:;:

1 . . I'

i regarding the formation of spd.1 Purpose Vehicle (w for Desi*, ~.&in&ing. p b @ , ... 1 Proam%ink, Constructidn,. .Operation .and ~ain&wlce of-Four, I,a%g of Bifap.'fr to

Hugund Section of NH--l3 from Km 102.000 to 202.W in the State of Katnahka on DBFm .pattern under NHDP Phase IXI basis:

1 1.. Certificate of Incorp'oratim, ' .

I 2. Memorandum of Association, 1 . .

1 3. ~ r t i j , of ~ssociation~ . .

4. Skweholding Pattern of SPY, I

4 5. unde;taking from SEL, 6. Board ~esolu&n'of SPV authorizing the.same to sign the Concession Agreement. 7. Legal Opiion from Lalit Patel & Associates

8. Gpy of h t t f l ~ f . . . . . A d . b y i W . , @ . $ ~ q - ~ b y . . . . . . . . . . . . . . . .!he Bidder- .. I

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The submitted . docume,n&hi=&e. . . . . . . . . been . . _ scrutinized . . . . . . . and . . . . . the ... obseruations . . . . are as.foIF)w: . . . . . . . . . . . . . . . . . . . - . .

I . .

l. ~e S W :..@ijapur. .Huxigund .~oJhvay Private , &led) is formed for the. implementation of the, Design, Engineering, P-,. Procurement, Constructi~n. i' . . . . Operation and M.aig-& . . . ,of ,J%qr Laning ,of .~ijap'ur' . . . . . m Hvgund Seetian of NH-13 .: . .

from ~m 1 ~ 0 , ~ . to , 2 0 2 ~ ~ ) in the ~Gk'of .-Ataka ~ B P O T . ~ ~ under ' .

NHDP Phase III basis as evident h the 'Main Objects' -7

tn :the submitted document it is und t "Sadbhav Hogsea .Opp Law .Card

tl India., :>31:..j <'!{?$<:*: . . , . : : . : 1 . p . . ; ! , .' ? ; : ; : ..,, : : ...... ........ ........ .. .. . . . . . . . . . . . . .+ ..........-....... : .- ...-, --...... ir,+;<;!,~ : ;&;,<:j:s :'j;:';;:.,- :,-3 2;.:;.,:;:;.$ ;:;: ;;:;:.j;

. . . . . .: ,:..<>?. :>:>.;A:;t<i;g..! :<'(..<.,,.. :-y;::,! , .:, ! < ? ! i... ..>.. ,:. !'. I. - , . . . a 7.. ,;.fii :. .;:,. . . v,., . ; , . . . . . .;.. :, " ....., i: . ... . . . . . .

' 2. :From the Articles of Assodation it is understood that the First W e Direcbrs of the co&pnY are .~ . . .

. . . . . : .'- a. SMVishnubhai MPatel, . ' . . . . . . . . . .

. . . .; b. -:%xi N i ~ RPael and . .

. . . . .t' .hri v&&tha itel. el., . . . , . . . . . . . . . . . . . . . . . . . . . . .

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.., : , . i , : . . , -.: - . . . . . . '~urth~r. throui1'1 a bard ~esolutiok .6f SFiJ/Concessionairr da* 25th February,. ZJl~,,~hti Vishnubhai MPatcl pd .Shd Ni+ R;Patel are authdzd to agn the

-. ~o&eisicm Agreement. As .per .the. t&bmissio* dated, ;5% M a d 2a0, the SW/Conressiomire has infonned that Shri Kanubhai NlPatel . . . &the . fourth . Di i tor of the SPV - Bijapur Hungund Toyway.private . . Limited. .

3. The Bidder is SEL MCL Cmortiu& where MCL has committed to hold only 23% of the %tlity in the SPY. As per the Clause 23.1 of RFP m t , by submitting the Bid, the Bidder acknowledges that it was pre-qualified and short-listed on the basis

1 of Technical Capacity and Financial Capacity of those of its Consortium Members who shall, until the 2nd (second) anniversary of the date of c o m m d operation of the Pr*, h01d equity share capita! representing not less (i) 26% (twenty six

I

I I per cent) of the subscribed and paid-up equity of the C o d m a i r e ; and (ii) 5% (five per cent) of the Total Project Cost spedfied in the Concession Agreement , ~cc&din~lY, M ~ S Sadbhav Bngineering Limited is expected to hold the Equity as pet the e r n e n t s mentioned above. SF!L has resolved to subscribe 9990 eguity shares of the concessionaire (SPlr) only as evident from the copy of the board resolution submitted by the bidder. There is no mention in the submitted copy of board resolution about the biddds (SEL's) commitment to hoId equity as per RFP document. Instead M/s Sadbhav Engineering Limited (3%) has submitted an undertaking that Sadbhav Engineering Limited (SEL) and Sadbhav Infrastructure Projects limited (SPTL) being Assodate of SEL shall hold not lees than 51% (w One Percent) of the issued and paid up capital of Bijapur Hungund Tollway Private Limited as on the date of the Concession Agreement and that Sadbhav Ehgineering Wt& shall laold not less h n 26% (Twenty Six Percent) of such equity during - - -

period. The bidder may be asked to submit a fresh board resolution which has 'an undertaking by the company that it would at all times maintain equity participation in the SPV as per the terms of the concession agreement and RFP documat&

5. :,A formal Letter of introduction of SPV by the Bidder -M/s SELMCL & n s o ~ to -

. .: the Authority along kith the relevant Board Resolution a u t h e g the SPV to . . . . .

. : . . . . . . . . . . . . the Concession.Agr~ent . witi-i,:tfie Au*o$ity. : . . . . . . . . . . . , .. . . . .. .......... . . . . . , .:: . . . . . .' .- . . . . . . ....... . . . . .......... . . . . . . . .... . . . . . . .

,L- ..< . . . . . . . . ., . i . _ - . . ,. .............. . . . . . . 6.,, , .,;, :. ...-' .i . . . . 'r.:,

. . . . . . . . . . .% 8 . . . . . . . ;. :. ..: .: ,... . . . - ,

: . . . . "6.. -.A - q y I of ,Bog~d resdluti~ oi;the M q . . . . . . . A a .Amber of ke, :SE~ MGC..CO~SO.~U~ ' . . ',, - . .~ . , . . . . . , . . :.; -..: -:. -BUthOi@k &esame.GinveSf& .&&cqui~ of &= s ~ ~ - a ; ; d &.to rnaintairi equity

. . . 3

, .. :prticipation .m the S W as per,the terms of the Concession Agreement hss not been , . . . . . . . . . . . . . . . .mbmi*d. ' ..

I . . ~ . . . ., . _ .._ .. - . . . . .

. . ' ? .- - . . d . . . . . . . . . . . ' . +i .per. -the - ori@. s~b&&ns .for the Request' &. Qualifiatid, MCL. has ' ~mmttted to hold o d ~ 23% of Equity in the SFV, and he- MCLts techdd and '

financial capacities have not bem considered for &ahation. Further, as per Clause . (k) of,the MA. ~ a b i o ~ ' ~ ~ e ~ ~ t , ~ b r t l ~ thbsg whose Teduticd & . . . .

P i n e bPacity.his con$iciered for p i e q d a t i i m W M more than 26% of the Equity in the S W during the cmskudion period & 2 Years thereafter. Hence, the submission of B o d Resolution from MCL for the commitment of equity

. . . may nqt be reqcired as. ~ . r ~ ~ ~ u f i e n t s . . . . . . .

. . . , , : .

. . . . . ,h F46i: ha;Y; iao,llihaS.. Gh ... ;; ". '

, ,L;GiteP-f && .th;,xafX&e~sig&ti,ij'; :6$ .& 'SW. 25 . mbmitted to the Authority stating that the SPV has been b m t e d the consorSiw for ..fl~e.purpa.e of.carrjing.aut the poject.and:.js willing ta onher .-into - - , . ...

Concession A ~ A ~ with the Authority.

8. The Sharehofding pattem'is as follows:

submitted dmrnents are as per the RFP & Draft C m d o n Agreement .and are in the inkrest of the said project. Hence, the Antho~ty may enter into Concession

. Agreement with the Concessianaire - M/s Bijapur Hungund Tollway Private Limited subject to the submission of a Board Resolution as per point no. 3 mentioned above.

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For Fortress Infmshucturt! Advisory Services (A Division of Fortress F i i d a I Services Ltd.)

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2 -

3. . Sadbhav Engineering Limited Monkcar10 Constructions Limited

9,990 -

153% 4,600 .

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-F,ORM NO.5 Notice olconrolldatlon, diultldn, *to. or Incwaae in crharecspltal or lncreabe In number of membsn . . . .

: '-;[Pumllmt to eocflons 96.97 or Q4A(2) or . . . . . . . . . . . . e(4) diM.C~p;lnhaAct, 195q

. . . . . . . . . .-:N& -@I ~ h . m ~ & e d in .'am to'be mondatodly filled. . . . . . . . . . . . . .

: . '.l~.l(a).).~Cwporp;lo . . . identiinunbec (CM) of mmpany IU462030~2010~~~059669~~ . . . . . . . @). Global bu lk number (GLN) $ m w ~ y . . . . . . ! . . . I I . . . . . .

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. . . . :2(p). ~qms.d crmpay UAPURHUNGUND ~oi .yw PRNATE &ITED . . . . . . . . . . . . . . . . . . . . . : . . . . . . . . . . . . . . . . . . . , - . . . . . . . . ,.. ... ,; : . . . . p ) . h d m e . . . tI : . . :, ..: . . . . . . . . . . . ? . . . . . . . .

. . . . . . . . . _ . . ' . . : .. . _. . . - - ; . ~ ~ s a ~ , ... : IsERnx;E ! , : . . . . RABAD . . . . . . . : . . ofthecanpimy. :

: ' \

. ... . . . . * . . . . . . Ilr;ot . . . . . . - - : . . . . . . . . . . DU . . . . . . . . . . . . . . . . . . . . . . . . . . . . , . :-. ,.

:. . . . . . . . ., . .,. .

1 . :

. . . , . . . . . : ..(c) :* ID of ~a o o m p a n y ~ ~ e a h . s h ~ h ~ w q . c M n . . . .:. .

- ; 3 . . ~ . o t h e ~ . . . i. ; . . . .;@ ~ ~ , i n s h r s c ~ p i b l ~ ~ ~ b ~ c & 0 Intr-hnmbwofmsmbe~

- '. ' . '0 ~naease In aham capRal wHh Central ~ k m m e n t adar 0 Consdidaihn or dMsion etc. . .

k n u w ~ n g ~ f t h e m e a i b e c ~ d l h e ~ h s l d o n V I ( ~ ~ Y v )

Servks q u a s t number (SRN) of relatad Farm 23 -1

(b)(l)Ihenunbardrnembeninlhecompsyhrabreninooassdlrorn

-g

Rews6d

- - - DUlsrencs(rddtrnf) -

(6) Maxhwn number of members exduUnp pael Pnd present mpbyee(s) u 5 . ( a ) h ~ v & e u M g n (3)dadbnB((A)dfheCDnpaniesM. lQ58,Ihea~#llmhdrhaa

-1 d Uls company has been hcresaed hnnequant upon am ofder d a l e d ~ ~ I D U h W W W

of lhe C e W Oanwmmmt under ~~n (4) of secUon 81 or submdion @)of sodion 94A of be Ad upon

. . . . . . . . . . . . . . . . . . . -J

....... : . . . . . . . : br- of 0 debenlures 0 loam hb shares '..> . . . . . . _ . . . . . . . . . . . . ., . , .. . - .

:' : :' A-d capital (PI ~ s . ) 1 7 . . - . . , . '. '. ' . Re!#& aulhorioed CapiLsl.,

(in R s , ) ] ~ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . '. _ :: . . :

. . . . .. :. . . . rn fk

. . . . . , . . ' . . . . .: .. :. :. .:, ,; ., ;:.. , . . .

Page 1 d5

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. . . . . .: . : - *-qv,.s' Y'

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708

(b) A copy of fhe a h s a i d order was teodwd by Ihe company from he Central Govenmsnl on

L Tho .ddlionl apital ( W i g into d i b n the addllion above) 11 dh4dad se fobwa

(a) Numk of eqtPy ah- 1-1 TOW of sgub (h RE.) I 49.500.000.

. . . . . . 7. c o n d m (84. vo~ng rlghls, dvldwd rights. w+u$nptp wts. at=) subjeci to which new &ares haw been . .: .

. : > . . . . . . . . . . . . . . . . . . . . . . . .

- . . . .:..*rusd, aearfoWom . . . . . . . . . . . . . . . . . . . . . . . . .

be W p m wlUl the e~~ share cbplld of the mmpany . . . : . . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . <. . . . . . . , : . . . . . ..... . . . . . . . . . . :

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, Page 2 of 5

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709 ' ' .

A

&Notice la hereby given hat 'b. sooordma vdfh mdbn 95 d the Coqmku Act 1956, that Yta ahpany has on 1.1 (DDI& ' . ' ,

:. . (8) F l b j a t a d . . . .

. .

. .

: . . . . . . Nwbcroiaquily rhares b ] Total amount of equity U . m s (in R I I . ) [ ~ - . - ' ] , . : . . . . . . . . . . . . . -

. . . . . . . . . . . :

. . --- .Noqhal amount per equity sharb, fiO 1 ~ , . ' . . . . . . . . . I . . , ..N* . . , o! . pnfwey dwms

Namhslemounlperpreferenca sham . .

. . . . . . . . _ . .

Number of undasdfbd &area .TI Total amounl ol uncla- L m Ih b.1

. . . : . .

N ~ m k d rqUly h s Total ano""t ofeqult~ lk, -4 ~ ~ , ~ . o o

Nmlnd mount par equiiy sham -

. .

. .: . . . 1 - . .-A ' .

' .Number of prefersnw s h m ~ ~ . . . . . Told amount of prebmno ahma T I . . . I ' . . ~ l . ; M ~ ~ r n ~ . . .

. . . . .*re . ;.. . . . . . , .'. . -.-- 1 , .

. . . . . . . . . . . ,

. . . . . . . . . . . . . . . . . . . . . ....... : . . ~ c ~ : ~ . ~ ~ ~ ~ , . , . . . . . . . . . .. . . ( I~RL) ( I~~~ooo .oD. , . . . . _ . . _ .._.... . . . . . . . . . . . . . . . . . . . . . : ...' !.&&q~of~ubraibed.capilol.. : ' . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ;.; : ion& '2.' . : . . . . . . . . . . . . . . - . . . . . . . . . .. . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . . . . . , '_ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . : . . . . . . - . . . . . . . . . _ . . . . . . . . . . . . . . : . . . . . . . .

. . . . . .

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. . . . . . . . . . , : . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ... . . . . . . . . . . . . . . . . . . . . . . . . . ... .. ;' .... ') . ............ : . . i . . . : . . . . . . . . . . . . . . . .

...... . . . . . . . . : : . : ~ . . ,

. . . . . . . . . . . . . . . . . . . . . . . . . . . ... . . . . . . . . . . .

. . . . . . . . . . . . . . . . . . . . . :. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

.: ' e . ~ . ~ p i t a l + l u r . a ~ e r ~ h g . . .... ~nto~nabenfkn the chq& vide @nto 4, @;e,~nd B a h ' . . . . . ... . .

. . . . . .

1 . .

. . . .

. . . - . :..(.) . . . & Of& COlnpnY (in fb.) 160,doo.&0.~ '. . . . . .

srp$wof-upilsl~ 2 . -

. . . . . :.ior~dsd.rrllial-; . i

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Numbof of equily sham 110.0001 Tow man11 of aluiw shams (in Rs ) 7 1 Nomhsl wnount psr equity sham I

A (4 Pa& UP cspYd of m w ~ ( i n k )

:*:.. . . . . . . . . . 1 I ' : . . . .

. . . . i , ; : :..lo. ' L u h o ~ r . 8 ~ ~ of auode(ion haw been altered 0 Y& @ No , . . .

lW,MX)M) I

. . . . . , . . . . . . .

. -. : :. ' ::. 31. PlrfloMm . . . . . . q v n t of . t rmpiluly {Refor inrtructlan kit for dehib beton mOng the padkukn) . . . . . . . . :... I.. .... . . . . .

Braakvp of Paid up upltal

I Regisbllbn number of ~ n d a

. . . I

. . .

...:. . @ ) . ~ s m p d u ( y k D D b e p s i d ~ m r o c l g h M C ~ 2 l r y s l e m @ y , . . . . . O N , O & t a p p l l c h . . . . .. . - ( ? ~ d s l a m p d u l y t o t ~ e p ~ I d . . . . . . . . . . . . . . . .

. . . . . . . . : . .: d ttamp duly to be psM (In ~..)(247.500.00

I . : . ' . . I . . : ~(U)PmvkbdsWbotrtsmpduty,ahdypsid

I . . . . . . *

\ .

i . : ,.:.

'

\

Ty* of docunimUParticukn . . T ~ . & I ~ stamps Gcllpmpmr (kt ~ s . )

Mode oipsymsnt of s lam duly

. ; . ~ r . o f ~ f f ~ & w ~ u t h a i l y o i ~ o a s r c O l ? P - l t i g e n c y ~ t o m ) n d s l e m p du(y 0 th 3el stamp papsn or lo embors me ~ a t o d b p e r m e s t s m p M u d w r o n b0h.U of as Govanmat

I

~ d ~ e o f s t e r p a a r s t s m p p q m r a of ~ W P duly

Form 6 - -.

I ' I - - . -. . -

. . . . .. . . . I

- . . . . . . . . . . . . ; .: . . ... J

,1 1

. , , : - 12 h csw mcudmm, ahmp duly payeble h a ate@ bsen paid, provide dete8s of Wlsd eculer (SRN w ............. - . . . . . . . . IWX@I . , . h , - f ~ ~ ~ ; r t k b ~ , date of Illln& rmount d~lsmp duly paid)

. . . . . . . _ . , . . ' . . --- - - '. . ' 1

. .

2. &&Inimomndwnofas9oda& 1 x 1 . 3.' Allerpd + of assodalion . . . . . . .

. . . . : . . . . . . .4. OpKOnal attschmsn((a) - If any . . . : . . . . . . . . . . . . . . . I. . . . . . _ . . : . . . . . . . : . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . : . . . < . . . . . . . : . . . , . . . . . . . . . . . .. . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . ... . . . . . . . . . . . . . . . . . . . . . . . .

. . .., : . . : . .

. . . . . . . . . . . . . . . . . ..:. . . . . . .,. . . . . . . . . : : Remo!malta- ::.::-- . . . . . . . . . . . . . . , .

I , . . . . . . . . . . . . . . .

. , . . . . . . . . .

.\hdAcstkn . . . . . . . . . . ::.,TO $c!berlaf,my k- md bellef;h ,inknsa(lon gtven in i k lomiand Ilr ilUachmwtr L comctrnd ~~ ' .. - . . . . . . . . . . . . . . . . ; .:I.JWO w awunni~ed ar t h ~ BOW a ~ . n w t o o h num~~-leyl~f~yym:;~,~~; .:,

. ( . . ( ' .,. .......... l , j : . . : .;.: i g r @ . ~ . * , ~ , ~ ~ . . ' . . . . . . ...;'... , . . ......... .. ...:. - . . . . ? .:'.:- . . . . ;.. .: . . , ..........'. : . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . . . . . . . . I ' i - , : . . . . . . . . . . . . . ., I . . . . . . . . . ..:. . . . , . ~ . . . . . . . . . 1 , ~ i * c ~ n & t ~ & h W ~ ~ ~ t s m p d ~ ~ ~ p ~ ~ ~ ~ ~ c l . . . . . . . . :.' .. . . . . . . . . .

. . . . . . . . . . . . . : . . . . . . . . . . . . : ..:. ..: - . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . : . . . . .... . . . . . (. . . . . . . . . . . ... . . . '; . : . . ; . . . l o k . d $ a J t u ~ - w ._: ..:. . , . / . . . . . . : . : . . . . . . . . . . i . . . . , . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

I --1

end found han lo be hun 4 wnecL I hlr(her mwlhd all required stlschmenl(s) have bssn cornpleldy a l ~ l o ~ b n n

G.A.R'7 -. . ,. . . . . . . . . . . . . . . . . . . . . . . .............. . . . . . . . . . C i v i l -..- -.-.- .-... . . . . - . . ~ s p l r y h a : 2mROlo

money paid Into .-.-.----..---..--.-..--....-.-.- :.--.-- ......... -..-....--..-,... ....-::..... -.-. -. ,..--....- . ( I~xK) .... .. . . .. - . .

. &&==?.-?z--=%?.-?~.-?~-- - - ---. -. -...- -- -. . . . -Be!~~(fic~~:1---~?~.?-~.-~.~..?r1-1""" . ........... .... _ . . - . - ... _.- __ d -. - (For [ ? ~ ~ l c i .sc only)

Redmi pyrn-t R u k l w a W :--.-.-.-- ..-,-.-. , .: ................................... :--. . . .

......... ......._...__... .... . ... . . - -. . . , . . -. . ---.._ --.-- MINISTRY O F CORPQRATE AFFAIRS !

CHALLAN FOR eST&MP .. -- -... ....... - ....... -- ................. G.A'R'.:! -. . . . . . ---.; .. .: Civil

Cballan X a :. WW38416 . . . . ~ a t c : 1 9 ~ 3 ~ 0 1 0 ‘ . ' E I p t e : ZNOYLUlO

. . moaVP*id into-:. -.-.--.-,-.-.---.--...-- ......- -,.- .............................................. -.(BANK)

. i -.---- - -- ---.-... .

1 MINISTRY' OF CORPORATE AFFAIRS

RECEIPT . I

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.. . . . . . . . . . . . . . . . . : . . . . .

. :.:F.oRM 32 ~iutlculpn -af appohtm&t of ~llbmging Mrector, directors, manager and necmtrfy and the changes -among them or emsent of undidnie' to act as a

, Manrging D k t o r o r himcfor or managar or secmtsy -mbrectbns JOJ(2)*a6q2) o r 2 w x a ) of a company and/ or undertaking to take and pay. for . .

-,and aW@Xn) of Ih. C o ~ w l o a AcC 11@1 qua~mc,~on sbrss : .

. Note 7An.Lkb w k o d in are to bs mandabdty tillid. . . . . . ~. . ; , . . . . . .

. . . . . . - ' . : . . . . i ' Thiakmkfor G . O N w c o m p ~ ~ y @ExbYylcmpmy . . . ,

. . . .

. ; : ' .(a) om (~.rekmce njaber (S&CO requyl nvnber(SR~) . .- . . . . : . .- . .: o t F.W $A) a o!xpw8te (GIN) ot mrnpany w20~~2010-- . . . . . . ---..- ----

I . .

. . . . . . . . . . ... . . .........

. . . . AIIMEWD . . . . . .

... . . . . . . - -- -

. . . . . .

L_11 ' . ,.. . . . . ~ 4 . ~ u n ~ m & ~ l ~ ~ n g ~ n c t o r , d i n z t o c ( r ) f o r r r h k h t h . ~ h ~ ~ ~ . d . . . . , , . . . . . . . . . . . . .:'5. betsib dthe Manan9 Director, dlndora d the cornpaw . . . . , . . . . . . : % . .

. . L ! D ; o ~ ~ dths~~nrging ~irscbrordhct'oroltho- . .

Direda h l & a b M b e r (DIN) [a2 I m . . . .

t , . . h ~KANUBHA~ W A T L A L PATEL I

. . . . . . . . . . . . . . . . . . . . . . ... . .

. . . . . .

. . . . . . . . . . . . . . . . . .

. . . . .

. . b. Number of mancig~r(~), sncretary(s) for whkh (k. lorn h bdng Wed E l .:'.- . . . : . . . . . .

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' . . :: - . .7. k . ~ - o f the manager or rcuntary of the company . . . .

1. I cminn that he b a l b n gkn aIbaw, Ir yue lo Ura best of my knowkdge end bebf.

2. It ir *O hereby mnRrmad thal he mnrml of fie Managing Mrcdor, dhactafs) has been R.d ~~rs((a~nlbIh.eFm(ilppYclbleonlyInthscar.ofapl*cmmpary) .

. . . . . . . . . . . . . .--A*.-:: . . . . . . . . . . . . . . . . . . . . . . . Q f P ~ r d 01 rt duty rvhae q u m a l bras s ,,,- :<; . . . . . . .

~ ~ ~ ~ ~ % ~ e ~ ~ , a * - l o ~ ~ ~ (MI . . . . . . . . . . . . . ... . . . . . : .:... al bar1 one r h o ) . . . . . . . .

. . . . . . . . . . . . . . . . . . . . . ' . . . . . . . . . . ' 2:-.Ns?'",ap~ohka Wnaging w; d i q s ) -. .. . . .

> . . . . . . . . . . . . . . . . . . . . . ~ . . . . . . . . . . . . . - . .

: : . : -. :.*.-.+ . I .. . . . . . . . . . . . . . . . . . . . . . . . . - . . . : . . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . .'.'.'- ; :I ' : I .Ew,dwaa~i,y . . . . . . . . . . . . . . . . . . . . . . . ; . . . . . . . . . . . . . . : ...

. . . . . ' . . . . . . . . . . 5- 0pJ&l.l*1.dynenl(s)-?av . . . . . . . . . . . . . . . . . . . . . .. : . : .,

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. . . . . ,. . ' . . , - . . . . . . . .

. . . . . . . . . . . . . . . , . . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . : . :: . i r . r i ~ u l l o n l ' . . . . _ . : . . Y .

. . . . . . . . . . . . . . .. T o ~ ~ d m Y k o o r * l s d g . . n d ~ C t h e ~ l b n g i n n i n ~ s b r m a n d i t s e ~ e n k h a r r ~ ~ c a n p s ~

. I. I hn b n a u h h d b l h e ~ r n t d b . d m ' n * h m ~ ( 2 ~ ~ w L - ~ ~ - ~ ~ ~ ~ ~ ~ ! ~ . ....... . : lo.* a d wbmlt this h.

. . . . - -- .- ' . .

. . . . . . . :'r ! 9 eh~tlped lo rign and suknR fhia fam . .

. . . . . . .:

. . . . . . . .

Jwipty* /@GiG - .

. b - ~ ~ n h r d ~ n d i s d o r ~ ~ ~ - ~ ~ , - ' J n c a R 9 C U P A N d h . ~ w . . , . ~ - ~ f - b i Y ~ ~ & d ~ - ' [ ! = I . '

. ! - R I U y d . c r m p s n y v h o h n a ( r m a n b a d ~ ~ ~ ( ~ ~ h b / ~ . . . ncOmbhn PAN) . . CH(f~cat.- . . . .

. . , Lrhebl-ha 1 wad ebove parlicllanfab & hs - d . . ---- ...... . . . . . --m- -- . . . - . .

' : '

-------_I - I . . . .

. . "%!Qbeh and mmta I furthermrtify~hat aillrequtgd a m m n y s ) ban, been ,.-+ suedun( . . . : ;: . ' .blhiSlO@ . . - . . . . . ..

: . .: >:. . " . . . " -.'o ChWemd .mrunbd Pa-) or 0 Cost amu~ant (in whowh pradb) Or . . . . . .. .

. . . . . . . . ...................... . .:.

. ' ' 0' . . Q imw - s-sry fh *(lob!hnpndka) ......... ........................ . . . . . . . . . . . . . . . . ... . . . , : :

. . . . . - -- . . . . . .

. . . . . . ... . . . . . . . . . . . . .;:. ., ::.:~y4-.,7*. '; .. ; . . . . . . . . . . . _

. . _ _ 1 _ . . . . . . . . . . . . . . ! I _:.. . . . . . . . ,, .: :: . ...... . . ; - . * b * b m ' ~ ~ ~ . .

. . . . . . . . . . .

.. .j . . , . . . : I . .

.. . . .; .,I

P ---, ~ .. . . . < . .

I RECEIPT 1

. . . - . . I N D I A - 3 ! --- .- -- . - . . - . -. -- . . . . . .

fill Pklculari d Remiltam - - - - - - SewkcType: &aim~ . --.-----.-

Sarrlcc Uacdptl.l

. . ........... F a h r P ~ ~ I Z

.-.--.--- Madea1P;lput: +net Banking- Punjab N l t i d B& . .

R C ~ * V C ~ IB?vnot ICwccc: nMs HundFcd nllly . . . . . ............... . - '. . .

~ : * * r ~ ~ ~ ~ k ~ a ~ ~ ~ ~ ~ p e a h t i i ~ s p . t r = ~ ~ b ~ w ~ ~ ~ b y ~ ~ a g * ~ ~ n t ~ ~ i ~ ~ ~ W t b # b (WWW.mm.w.h). case tho oRrm h llrkd u RSUU .r PUCL, pl- mirbmlt Iba ~ l r o r a nr ~UE $ e m 47 Dadad-); V C ~~ fruit Ibe abtm# ef)mimnulion.t all tima 1111 It Is flarity d i ~ p o d onby ths R q L ~ r n . (?lo!- mrur Regullha 17 d K e Coa~panlcr.Rcguh&m,, 1956) l t * &dmw tn flk lum 67 (Addim~dmm) c l h i k a Q wlthln,thedae dah w h u v c r ~ o d m p b .mi u u b I'IlCL by ~ C _ I ~ ~ ~ L ! ! ! ? ~ ~ ~ I W C ~ E ! ! I ~ L E ~ ~ thedacomemt m I a n M and win aot be LI~M w --dLLLL ,. - , ;,.. ,- , ., . ,

FORM 2 IPw9 to .PC- 7ql) d the Companm Act. 1858]

. . . . Note - All fields marked h a n to ba -torib flnd.

. . . .

' ' . i n ) .-?!a idennty number(CIN)afconpany . , . . . . . . b 5 2 0 ~ * 1 2 0 1 ~ ~ ~ ~ 9 8 8 8 I ..:. ,*.:; .:. . . . . . . . :.-@) ~ b m h i n u m b e r ( ~ ) o f ~ . . . I J _.. . . . . . .

. . . ... -.: .2.(?) ~.arne.oflh..&p~y BImm-WNGUND TOUWAY PRIVATE UMmO

. . '. . . . .

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. . :

. . . . . L . . . . . - -- ---. - -- . . - , . . . - ;' .

Nunbarafprstama,- [ ~ " ~ " " f ~ " . . . - ,

.. . . . . - (in h.) .-.... . . . . . ...... ----. -. - NDmhrsl amaunt par pafarenat w . . ; - -___. . . - ... . :_ - 1 .:;.,,';. -; - -: . . . . . . . . ( q . W ~ s l 6 l o t f h . v (in&,) r- . . . . :. . . . . . . . 2ao.w. . . . B r e i k u p . o f ~ a a i b l . .

1 :.. " , . . . .... . . . . . . . . . . . . . . . . ,

. . . . . . . . . . . . . . . . . 5 . + n l ~ ~ . k r u s d . . . . . . . . . . . .

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