GREEN LINE BUILDWELL PRIVATE LIMITED

Regd. Office: 106, 1st Floor, Suryakiran Building, 19 K. G. Marg, New Delhi - 110001
Ph. No.: 011-40000800; Fax No.: 011-40000815
E-mail ID: corpaffairsl06@gmail.com; CIN: U45400DL2007PTC167851

CERTIFIED TURE COPY OF THE RESOLUTION PASSED AT THE BOARD MEETING OF GREEN
LINE BUILDWELL PRIVATE LIMITED HELD ON MAY 18, 2015 AT 106, lST FLOOR,
SURYAKIRAN BUILDING, 19 K. G. MARG, NEW DELHl 110001 -
The Chairman informed the Board that the Company had entered into a Subscription
Agreement ("Debenture Subscription Agreement") with Modland Wears Private Limited
wherein the Company has agreed to issue and allot 2,750 Unrated, Unlisted Zero Percent
Secured Optionally Convertible Debentures (OCDs) of the Company of face value of Rs.
10,000/- (Rupees Ten Thousand only) each. He added that the company had received the
full subscription money for allotment of OCDs from Modland Wears Private Limited.

The Board also took note that in view of the fact that the aforesaid OCDs are proposed to be
issued to Modland Wears Private Limited, it is mutually agreed that the said OCDs would not
be listed on any Stock Exchanges and thus are non-marketable and non-tradable.

The Board considered the same and passed the following resolution:

"RESOLVED THAT the consent of the Board be and is hereby accorded to issue and allot t o
Modland Wears Private Limited 2,750 (Two Thousand Seven Hundred Fifty) Unrated,
Unlisted Zero Percent Secured Optionally Convertible Debentures (hereinafter referred to as
"OCDs") of the face value of Rs. 10,000/- (Rupees Ten Thousand only) each for an aggregate
consideration of Rs. 27,500,000/- (Rupees Two Crore Seventy Five Lacs Only) as per the
terms set out in the Debenture Subscription Agreement executed between the Company
and Modland Wears Private Limited.

RESOLVED FURTEHR THAT all the Directors of the Company, be and is hereby severally
authorized t o take necessary steps for the issuance and allotment of aforesaid OCDs and
further to do all such act, deeds, and things as may be considered necessary in this regard.

RESOLVED FLIRTEHR THAT the transfer of OCDs shall not be effected through the medium
of any Stock Exchange in India and shall not be transferred without the prior approval of the
Board of Directors of the Company.

RESOLVED FURTHER THAT a certified true copy of this resolution be provided t o all
concerned under the hand of a Director of the Company."

Certified True Copy

For Green Line Buildwell Private Limited

Pramod Kumar Ahuja

Director
DIN: 01123897
Address: Sawan Niwas, G-24, Mansarovar
Garden, New Delhi - 110015