Mr. Satish Vuppalapati's Affidavit and Acknowledgement of Debt towards Kyko Global Inc.

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Affidavit and Acknowledgement of Debt by Mr. Satish Vuppalapati towards Kyko Global Inc. Amounted $18,000,000.00 plus legal fees, costs, and interest calculated weekly on the total amount at the rate of 2.45% per month beginning on June 25, 2013.

Transcript of Mr. Satish Vuppalapati's Affidavit and Acknowledgement of Debt towards Kyko Global Inc.

Page 1: Mr. Satish Vuppalapati's Affidavit and Acknowledgement of Debt towards Kyko Global Inc.

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Ph: 9246174176

Affidavit and Acknowledgement of Debt

1̂ Mr. Satish Vuppalapati, age 38 years, occupation Business, residing at 96,Ghikoti Gardens,Beegumpet,Hyderabad do hereby state on solemn affirmationtfat:

1) Certain guarantees were signed by debtors, including myself, in favour ofKyko Global Inc. and Kyko Global Gmbh (hereinafter collectivelyreferred to as Kyko) to secure debt obligations and liabilities owed toKyko.

2) I acknowledge and agree that as of June 25, 2013, for good and valuableconsideration, I am indebted to Kyko in the amount of $18,000,000.00plus legal fees, costs, and interest calculated weekly on the total amountat the rate of 2.45% per month beginning on June 25, 2013.

3) I agree to pay the amount stated in paragraph 2 as demanded by Kyko.

Page 2: Mr. Satish Vuppalapati's Affidavit and Acknowledgement of Debt towards Kyko Global Inc.

4) I acknowledge and agree that I have executed a Confession of Judgmentin favour of Kyko in the United States for the purposes of the enforcementof such Judgment by the Courts at Hyderabad of India, a true copy ofwhich is attached and marked as Exhibit "A" to this my Affidavit, andthat this Confession of Judgment is binding on me.

5) I acknowledge and agree that a lawsuit may be initiated by Kyko in Indiabased on the Confession of Judgment.

6) I acknowledge and agree that Kyko may rely on this Affidavit to obtain aJudgment against me for the indebtedness I owe to Kyko which I haveacknowledged in this Affidavit.

7) I acknowledge and agree that I will not raise the defenses mentioned insection 13 of Civil Procedure Code of 1908, and I will acknowledge mydebt to Kyko as stated in paragraph 2, above, in any Court in, Hyderabad,Andhra Pradesh, India, should Kyko initiate a lawsuit to recover this debt.

8) I agree to cooperate and facilitate the enforcement of a judgment basedon the debt obligation.

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

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

Mr.Satish Vuppalapati

Affiant

ATTESTED(

T. FNOTARY G.6.M.S. No: 2742

MADHAPUR, HYDERABAD-81ANDHRA PRADESH, INDIA

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