ARBITRATION – DEALERSHIP AGREEMENT

RELEVANT CLAUSES

 Clause 21 – DISPUTE RESOLUTION MECHANISM

The parties to the Dealership Agreement should resort to the consented Dispute
Resolution Mechanism Panel consisting of Mr. Roshan (Retired High Court Judge), Mr.
Vijay Kumar (Senior Advocate – Supreme Court) and Mrs. Kareena Chopra (Retired
High Court Judge), in case of any dispute arising out. Reference to the Dispute
Resolution Panel can be made by either of the parties, whose decision shall be final.

 Clause 27 – FORCE MAJEURE

Neither party shall be in breach of any obligation, including payment obligation, or incur
any liability to the other Party for any losses or damages whatsoever incurred or suffered
by the other, if and to the extent that it is prevented from carrying out those obligations
by or such losses or damages are caused by a Force Majeure event.

 Clause 32 – LIMITATION CLAUSE

Without causing prejudice to the Limitation Act, 1963, the respective Party to the
Dealership Agreement shall resolve the dispute with the other party, by invoking Clause
21 within 90 days from the date of communication to the other party, regarding initiation
in any manner, of Clause 21. In the event of time lapse, neither party can invoke Clause
21 of the Dealership Agreement.

 Clause 34 – COMMENCEMENT OF DISPUTE RESOLUTION MECHANISM

For the purpose of Clause 32, the Dispute Resolution Mechanism shall be presumed to
be commenced on the date of reference to the Dispute Resolution Panel.

 Clause 45 – PAYMENT DEFAULT

In the event of payment default by the Company to the Manufacturing Company, the
latter is vested with the optional power to claim an interest of 10% on the outstanding
amount and take any other reasonable actions.