Termination for Concessionaire Default

In the event that any of the defaults specified below shall have occurred, and the Concessionaire fails to cure the
default within the Cure Period set forth below, or where no Cure Period is specified, then within a Cure Period of 60
(sixty) days, the Concessionaire shall be deemed to be in default of this Agreement (the “Concessionaire Default”),
unless the default has occurred as a result of any breach of this Agreement by the Authority or due to Force Majeure

Sl No Default Description

Sl No Payment Milestone
1 1st Payment Milestone
2 2nd Payment Milestone
3 3nd Payment Milestone
4 4th Payment Milestone
5 5th Payment Milestone
s specified below shall have occurred, and the Concessionaire fails to cure the
orth below, or where no Cure Period is specified, then within a Cure Period of 60
l be deemed to be in default of this Agreement (the “Concessionaire Default”),
result of any breach of this Agreement by the Authority or due to Force Majeure

Cure Period

Termination Payment
NIL
50% of Debt Due or 9% of Bid Project Cost , whichever is lower
60% of Debt Due or 16% of Bid Project Cost , whichever is lower
70% of Debt Due or 24% of Bid Project Cost , whichever is lower
80% of Debt Due or 32% of Bid Project Cost , whichever is lower
 1421
5% 71.05
0.10%
710,500