190918 HIGH CONVICTION FUND - iiflwealth.com

ACCOUNT OPENING FORM(INDIVIDUAL & NON-INDIVIDUAL)

HIGH CONVICTION FUND - SERIES 1

$CKYC DOCUMENTS REQUIRED

Investorwhoare‘CKYC/KRAComplied’

Investorwhose‘CKYCKRAComplianceisunderprocess’

Investorwhoarenot‘CKYCKRAComplied’

Individual-Investors Non-IndividualInvestors

CKYCKRACompliedVeri�icationstatusobtainedfromKRAwebsite.(e.g.onCVLWebsiteitwillbementioned‘Veri�iedbyCVLKRA’)

KRAacknowledgementletterorCKYCVeri�icationunderProcessstatusasavailableonKRAwebsite

CKYCForm&KYCKRAFormforIndividuals

KRAFormforNon-Individuals

^SUPPORTING DOCUMENTS

Resolution/AuthorisationtoInvest

ListofAuthorisedSignatorieswithspecimenSignature

MOA&AOA

Documents Companies

PartnershipAgreement/HUFDeed

ByeLaws

TrustDeed

NotarizedPOA

OtherthanIndividual&

HUF

LLP / PartnershipFirms/HUF

Society Inv through

POA

Submitted(Y/N) Trust

Aadhaarcardcopy(#forAuthorisedsignatories) # # # #

*AlongwithApplicationformfollowingdocumentsneedtobesubmitted:

SR. NO. SUBMITTED (Y/N)DOCUMENTS TO BE SUBMITTED (FOR ALL APPLICANTS)

1.

2.

3.

4.

CopyofPANCard(includingcopyofPANofPOAholders/Guardian)#CopyofAadhaarCard(includingcopyforauthorisedsignatoriesincaseofnon-individual)

$(a)CKYC-KRAletter/status/formasdetailedbelow

(b)CKYC-KRAdocumentsasmentionedinCKYC-KRAform&requiredtobesubmittedalongwithCKYC-KRAform(withIPVveri�icationdulydone)

CancelledCheque

(a)CancelledChequeoftheaccountfromwhichInvestmenthasbeenmade(InvestmentAccount)

(b)CancelledChequeoftheaccountinwhichdistributionproceedshasbeencredited(incasethesaidaccountisdifferentfromtheinvestmentaccountasmentionedinpoint(a)above.)SupportingDocuments^

CKYC-KRADocuments(includingcopyofCKYC-KRAofPOAholders/Guardian)

5.

PAGE NO.

ForInvestinginHighConvictionFund-Series1,aninvestorwillhavetosubmitthefollowingdocuments:

SR. NO. DOCUMENTS TO BE SUBMITTED SUBMITTED (Y/N)

1.

2.

3.

4.

5.

6.

ApplicationForm*

NominationForm

FATCAForm

AcknowledgedcopyofPrivatePlacementMemorandum

ContributionAgreement

(Cheque/NEFT/RTGSAcknowledgment)(InitialContribution)

FundingInstrument/Instruction

1

#Notmandatory

4-7

8

33-37

11

16-28

13

HighConvictionFund-Series1

INR2,000cr

KEY TERMS OF OFFER

ThisKeyTermsofoffersetsforththeinformation,whichaprospectiveinvestoroughttoknowbeforeinvesting.Furtherdetailsofthescheme,riskfactors,pendinglitigationsetc.investorshould,beforeinvestment,refertothePrivatePlacementMemorandum(PPM)oftheScheme.

Name of Alternative Investment Fund

Name of the Sponsor

IIFLFinanceLimited(FormerlyknownasIIFLHoldingsLimited)

Name of Investment Manager

Name of the Co-Sponsor

IIFLWealthManagementLimited

IIFLAssetManagementLimited

IIFLWealthFinanceLimited

Name of Trustee Company

IIFLTrusteeLimited

ComputerAgeManagementServicePrivateLimited

Name of the Registrar

INVESTMENTOBJECTIVE:TheSchemeendeavourstogeneratelongtermcapitalappreciationforContributorsbyinvestinginequityandequityrelatedsecurities,bothoflistedandunlistedPortfolioCompanies.TheSchemeshallinvestinotherpermissiblesecuritiesinaccordancewithAIFRegulations.

TERM:ThetermoftheSchemeshallbe10(Ten)yearsfromthedateofFinalClosing.Thetermcanbeextendedupto2(Two)yearswiththeconsentof2/3rd(Two-third)oftheContributorsinvalue.

FUNDMANAGER:Mr.MehulJaniMINIMUMCOMMITMENTAMOUNT(PERINVESTOR):

TARGETSIZE:

1)AnnualSchemeRecurringExpenses:a.ManagementExpenses:

b.AdministrationExpenses:

2)ExitLoad:Theexitloadpayablebyinvestoronredemptionofunits,willbeasfollows:

TheAdministrationExpensesoftheFundshallnotexceed0.15%perannumondailynetassetsvalue.

Class of Units Expense (%)

IIFLAlternateAssetAdvisorsLimited

TenureofInvestment(afterlock-inperiod)* ApplicableExitLoad**(ForClassA&B(includingsub-classes)

0to12months

12to24months

24months&above

3%

2%

NIL

2

ForshareclassC(includingitssubclasses),therewillbenoexitloadafterthecompletionoflockinperiod(i.e12monthsfromthe�inaldrawdowndate.

**Exitloadshallbeappliedonentireredemptionvalue*Theexitloadwillbecalculatedaftercompletionof12monthsfrom�inaldrawdowndate.

3) BrokerageCharges:Thefundshallchargeamaximumbrokerageof0.10%ontransactionvalue.Thebrokerageratesmentionedis

exclusiveofGST.

ClassA1,B1,C1*

Shareclass

ClassA2,B2,C2*

ClassA3,B3,C3*ClassC4*

ClassS

Rs.1CroreandabovebutlessthanRs.5Crore

MinimumCommitment

Rs.5CroreandabovebutlessthanRs.15Crore

Rs.15Croreandabove

Rs.1Croreandabove

Aspertheregulatoryrequirement

ii)TheshareClassC4willnotbechargedanydistributionfees;

TheManagementExpenseshallbeuniformlychargedtoallClassesaspertheNetAssetValueamountoftherespectiveClassandparityinchargingexpenseshallbeensuredwithinthesameClass.

*ClassC(includingitssubclasses)shallbeofferedonlytoinvestorsofpreferredchannelpartnersandthefollowingconditionsshallbemet:

iii)Themanagementexpenseshallbeuniformlychargedtoallshareclassesaspertheinvestmentamountoftherespectiveshareclassandparityinchargingexpenseshallbeensured.

i)TheshareclassC1,C2andC3shallnotpayanyupfrontdistributionfee.TrailfeeshallbepaidtodistributorsoutofthemanagementexpensechargedtotheScheme;

ClassA1 Upto2.50% Upto2.50%Upto1.75%



ClassS 0.10% Upto0.90%

Class of Units Expense (%)ClassB1

ClassB2

ClassB3

Class of Units Expense (%)ClassC1

ClassC2

ClassC3

ClassC4

TheSchemeshallchargeManagementExpense,payabletoInvestmentManagerasapercentageofthedailyNetAssetValueoftherespectiveclassesoftheSchemeinaccordancewiththetablesetoutbelow:

Total4Signatures

Channelpartner__________________________

ARNNo.________________________________________

RMName______________________________________

INDIVIDUAL KYC AND APPLICATION FORM

RMEmailID______________________________________

RMMobileNo.______________________________________

ChannelPartnerLocation/Branch__________________________

3

KYC AND APPLICATION FORM - FOR INDIVIDUAL (1st / FIRST HOLDER)

PROOF SUBMITTED FOR IDENTITY & ADDRESS

PANNumber(mandatory)

AadhaarCard

PassportNumber

CKYCNumber

PassportExpirydate

(SelfCerti�iedcopyofanyoneoftheabovementionedneedstobesubmittedtowardsIdentity&Addressproofseparately);*AsavailableinCKYCapplicationform

Name(NameonIDproof)

MaidenName(Ifany)

Father/SpouseName

MotherName

DateofBirth

MaritalStatus

Citizenship

ResidentialStatus

OccupationType

Gender Male TransgenderFemale

Married

IN-Indian

Resident

Service

SelfEmployed

PoliticallyExposedPerson(PEP)Pleasetick,ifapplicable RelatedtoaPoliticallyExposedPerson(RPEP) NA

Pleaseaf�ixarecent

passportsizePhotographandsignacrossit

Unmarried Others

Others-Country CountryCode

NonResident

PrivateSector

Retired

ForeignNational PersonofIndianOrigin

PublicSector

Housewife Student

GovernmentSector Others Professional

Business NotCategorised

MandatoryMandatory

CONTACT DETAILS

Tel(Off)

FaxNo.

Email

Tel(Res)

Mobile

Mobile

GROSS ANNUAL INCOMEa)Incomerangeperannum

Rs.10,00,001toRs.25,00,000

a)NetworthRs.________________________________ason (Networthshouldnotbeolderthanoneyear)

BelowRs.1,00,000 Rs.1,00,001toRs.5,00,000 Rs.5,00,001toRs.10,00,000

Rs.25,00,001toRs.1,00,00,000 MorethanRs.1,00,00,000

GSTINNo(ifGSTRegistered) Note: Proof of GST registration is required if selected Yes.TheGoodsandServiceTaxNumber(GSTN)iscorrectandIIFLAMCwillnotberesponsibleforveri�icationofGSTN;IftheGSTNnotprovided,itwillbeconsideredasunregisteredandwillbeunabletoclaimtheinputtaxcreditonthefeesandchargespaid.

GST REGISTERED (GOODS AND SERVICES TAX) Yes No

Line1

Line2

Line3

District

State/UT

Zip/PostCode

Country

State/UTCode

City/Town/Village

asperIndianMotorVehicleAct,1988*

Business RegisteredOf�ice Unspeci�iedResidentialResidential/BusinessAddressType

asperISO3166*CountryCode

CURRENT / PERMANENT ADDRESS

Line1

Line2

Line3

District

State/UT

Zip/PostCode

Country

State/UTCode

City/Town/Village




CORRESPONDENCE / LOCAL ADDRESS

FATCA / CRS INFORMATION (tick If Applicable) A. Residence for Tax Purpose in Jurisdiction(s) Outside India B. Not Applicable

AdditionalDetailsRequired(mandatoryonlyifaboveoption(A)isticked)

CountryofJurisdictionofResidence CountryCodeofJurisdictionofResidence

TaxIdenti�icationNumberorequivalent(Ifissuedbyjurisdiction)

Place/CityofBirth CountryofBirth CountryCode

AddressinthejurisdictionwhereapplicantisresidentoutsideIndiafortaxpurpose

Line1

Line2

asperISO3166*

asperISO3166*

I/Weherebydeclarethatthedetailsfurnishedabovearetrueandcorrecttothebestofmy/ourknowledgeandbeliefandI/Weundertaketoinformyouofanychangestherein,immediately.Incaseanyoftheaboveinformationisfoundtobefalseoruntrueormisleadingormisrepresenting,I/weam/areawarethatI/wemaybeheldliableforit.

SIGNATURE FIRST APPLICANTDate

Place

14

24

4

KYC AND APPLICATION FORM - FOR INDIVIDUAL (2nd / SECOND HOLDER) / GUARDIAN







Line1

Line2

asperISO3166*

asperISO3166*




AadhaarCard

PassportNumber

CKYCNumber

PassportExpirydate


Name(NameonIDproof)

MaidenName(Ifany)

Father/SpouseName

MotherName

DateofBirth

MaritalStatus

Citizenship

ResidentialStatus

OccupationType


Married

IN-Indian

Resident

Service

SelfEmployed




Unmarried Others


NonResident

PrivateSector

Retired


PublicSector

Housewife Student



MandatoryMandatory

CONTACT DETAILS

Tel(Off)

FaxNo.

Email

Tel(Res)

Mobile

Mobile


Rs.10,00,001toRs.25,00,000




Line1

Line2

Line3

District

State/UT

Zip/PostCode

Country

State/UTCode

City/Town/Village





Line1

Line2

Line3

District

State/UT

Zip/PostCode

Country

State/UTCode

City/Town/Village





Date

Place

14

24

5

NaturalGuardian CourtAppointedGuardian

(Pleaseattachdocumentverifyingguardianshipi.e.Birthcerti�icate/Courtissueddocumentdulynotarized)

SIGNATURE SECOND APPLICANT/ GUARDIAN

KYC AND APPLICATION FORM - FOR INDIVIDUAL (3rd / THIRD HOLDER)

SIGNATURE THIRD APPLICANTDate

Place







Line1

Line2

asperISO3166*

asperISO3166*




AadhaarCard

PassportNumber

CKYCNumber

PassportExpirydate


Name(NameonIDproof)

MaidenName(Ifany)

Father/SpouseName

MotherName

DateofBirth

MaritalStatus

Citizenship

ResidentialStatus

OccupationType


Married

IN-Indian

Resident

Service

SelfEmployed




Unmarried Others


NonResident

PrivateSector

Retired


PublicSector

Housewife Student



MandatoryMandatory

CONTACT DETAILS

Tel(Off)

FaxNo.

Email

Tel(Res)

Mobile

Mobile


Rs.10,00,001toRs.25,00,000




Line1

Line2

Line3

District

State/UT

Zip/PostCode

Country

State/UTCode

City/Town/Village






14

24

6

Line1

Line2

Line3

District

State/UT

Zip/PostCode State/UTCode

City/Town/Village

Business


CountryCode asperISO3166*

RegisteredOf�ice Unspeci�ied

Country

ResidentialResidential/BusinessAddressType

Date

Place

APPLICANT DECLARATION

I/Weherebydeclarethatthedetailsfurnishedabovearetrueandcorrecttothebestofmy/ourknowledgeandbeliefandI/Weundertaketoinform you of any changes therein, immediately. In case any of the above information is found to be false or untrue or misleading ormisrepresenting,I/Weam/areawarethatmaybeheldliableforit.I/WeherebydeclarethatI/Weam/arenotmakingthisapplicationforthepurposeofcontraventionofanyAct,Rules,Regulationsoranystatuteoflegislationoranynoti�ications/directionsissuedbyanygovernmentalorstatutoryauthorityfromtimetotime.I/WeherebyconsenttoreceivinginformationfromCentralKYCRegistrythroughSMS/Emailontheaboveregisterednumber/emailaddress.I/Weherebyprovidemy/ourconsentinaccordancewithAadhaarAct,2016andregulationsmadethereunder,for(i)collecting,storingandusage(ii)validating/authenticatingand(iii)updatingmy/ourAadhaarnumber(s)inaccordancewiththeAadhaarAct,2016(andregulationsmadethereunder)andPMLA.

I/We,Acknowledgeandcon�irmthattheinformationprovidedaboveistrueandcorrecttothebestofmy/ourknowledgeandbelief.Incaseanyoftheabovespeci�iedinformationisfoundtobefalseoruntrueormisleadingormisrepresenting,I/Weam/areawarethatI/Wemaybeliableforit.I/WeherebyauthorizeIIFLAssetManagementLimitedtodisclose,share,remitinanyform,modeormanner,all/anyoftheinformationprovidedbyme/us,includingallchanges,updatestosuchinformationasandwhenprovidedbyme/ustoassociatesofIIFLGroup,issuers,brokers, banks and other relevant parties (‘Authorised Parties’) or any Indian or foreign Governmental or statutory or judicialauthorities/agenciesincludingbutnotlimitedtotheFinancialIntelligenceUnit-India(FIU-IND),thetax/revenueauthoritiesinIndiaoroutsideIndiawhereveritislegallyrequiredandotherinvestigationagencieswithoutanyobligationofadvisingme/usofthesame;Further,I/WeauthorizetosharethegiveninformationtootherAuthorizedpartiestofacilitatesinglesubmission/updation&forotherrelevantpurposes;I/Wealsoundertaketokeepyouinformedinwritingaboutanychanges/modi�icationtotheaboveinformationinfuturepromptly,i.e.,within30daysandalsoundertaketoprovideanyotheradditionalinformationasmayberequiredatyourend,asmayberequiredbydomesticoroverseasregulators/taxauthorities.I/WeauthorizetheAuthorisedPartiestowithholdandpayoutanysumsfromyouraccountorcloseorsuspendyouraccount(s)withoutanyobligationofadvisingmeofthesame.

I/Weherebyprovidemy/ourconsentforsharing/disclosingofmyAadhaarnumber(s)includingdemographicinformationwithRegistrarandTransferAgent(RTA)forthepurposeofupdatingthesameinmy/ourfolioswithmy/ourPAN.

SIGNATURE FIRST APPLICANTSIGNATURE SECOND APPLICANT/GUARDIAN SIGNATURE THIRD APPLICANT

34

34

34

7

% % %

I/Wedonotwishtomakeanomination(strikeofthenominationdetailsbelow)

NominationDetails

I/Wewishtomakenomination(asperdetailsgivenbelow)

I/Wewishtomakeanominationanddoherebynominatethefollowingpersoninwhomallrightsand/oramountpayableinrespectof all

my/our investmentmadeinvariousAssetclassesbyIIFLAssetManagementLimitedandsecuritiesheld intheDepositorybyme/us in

accountshallvestintheeventofmy/ourdeath.I/WeauthorisethePOAholdertosubmittherelevantnominationformonmy/ourbehalfforall

investmentmadethroughourPOAaccountheldunderCRN____________________________________withIIFLInvestmentManagers.

Nominationcanbemadeuptothreenomineesintheaccount.

Detailsof1stNominee Detailsof2ndNominee Detailsof3rdNomineeNameofthenominee(s)

ShareofeachNominee

Relationshipwiththeapplicant

DateofBirthofNominee(s)

Anyoddlotafterdivisionshallbetransferredtothe�irstnomineementionedintheform.

Note:AttachPANcopyofnominee,ifavailableIncaseNomineeisminorpleaseprovidebelowdetails:DateofBirthNameofGuardian

AddressofNominee(s)

RelationshipofGuardianwithnominee

Note:AttachPANcopyofGuardian,ifavailable

Name(s)ofholder(s) Signature(s)ofholder

44

44

44

Signature

Date

Instructionrelatedtonominationareasbelow:I. Thenominationcanbemadeonlybyindividualsholdingbene�iciaryowneraccountsontheirownbehalfsinglyorjointly.Non-individuals

includingSociety,trust,bodycorporate,partnership�irm,kartaofHinduUndividedFamily,holderofpowerofattorneycannotnominate.Iftheaccountisheldjointlyalljointholderswillsignthenominationform.

II. Aminorcanbenominated.Inthatevent,thenameandaddressoftheGuardianoftheminornomineeshallbeprovidedbythebene�icialowner.

IV. Nomination inrespectof thebene�iciary owneraccountstandsrescindeduponclosureof thebene�iciaryowneraccount.Similarly, thenominationinrespectofthesecuritiesshallstandterminatedupontransferofthesecurities.

VII.Oncancellationofthenomination,thenominationshallstandrescindedandtheInvestmentmanagershallnotbeunderobligationtotransferthesecuritiesinfavouroftheNominee.

VI.Thecancellationofnominationcanbemadebyindividualsonlyholdingbene�iciaryowneraccountstheirownbehalfsinglyorjointlybythesamepersonswhomadetheoriginalnomination.Ifthebene�iciaryowneraccountisheldjointly,alljointholderswillsignthecancellationform.

III. Anon-residentIndiancanbeaNominee,subjecttotheexchangecontrolsinforce,fromtimetotime.

V.TransferofsecuritiesinfavourofanomineeshallbevaliddischargebytheInvestmentManageragainstthelegalheir.

PART II - NOMINATION FORM

8

Total8Signatures

CONTRIBUTION AGREEMENT INDIVIDUAL & NON-INDIVIDUAL

9

10

HighConvictionFund-Series1

MemorandumDated:August02,2019

PotentialinvestorsshouldcarefullyreviewthisMemorandumbeforesubscribingtotheunitsoftheScheme.ThisMemorandummaynotbereproducedorprovidedtootherswithouttheprior written permission of the Investment Manager. By accepting delivery of thisMemorandum,eachprospectiveinvestoragreestotheforegoing.

(Scheme of IIFL Opportunities Fund, a trust organized in India and registered bearingregistration number IN/AIF3/12-13/0016with the Securities and Exchange Board ofIndiaasaCategoryIIIAlternativeInvestmentFund).ThisMemorandum(asde�inedbelow)may not be reproduced or provided to others without the prior written permission ofInvestmentManageroftheScheme.)

TheinformationcontainedinthisMemorandummaynotbeprovidedtootherswhoarenotdirectly concerned with your decision regarding such investment. The informationcontainedinthisMemorandumisnotopentopubliccirculationandifthesameweretofallinto the hands of an unauthorised Person (as de�ined herein), the offer made in thisMemorandum shall not be valid to them; however, such Person shall be bound by thecon�identialityofthisMemorandum.

OffereeName:_____________________________________________________________

DocumentNo.:_____________________________________________________________

Private&Con�idential(onlyforprivatecirculation)

18

SIGNATUREOFOFFEREE

Iherebycon�irmandacknowledgethereceiptof

acopyofthisPPM

PRIVATEPLACEMENTMEMORANDUM

OF

ACloseEndedSchemeof

IIFLOPPORTUNITIESFUND

(CategoryIIIAlternativeInvestmentFund)

UpdatedOn:September19,2019

12

HighConvictionFund-Series1ACloseEndedSchemeofIIFLOpportunitiesFund

CategoryIIIAlternativeInvestmentFund

ApplicantName(Mandatory)

Cheque/DD/RTGS/NEFTNo.

DrawnonBank&Branch

AmountRs.

PleaseNote:Allallotmentsaresubjecttorealisationofpayment.Thisacknowledgmentslipisforyourreferenceonly.Informationontheformwillbeconsidered�inal.

Date DDMMYYYY

SIGNATURE,STAMP&DATE

ACKNOWLEDGMENTSLIP(ForOf�iceUseOnly)

PAN(Mandatory)

CommitmentAmount*`

ClassofUnit^

PaymentDetails

ChequeAmount*`

Cheque/RTGS/NEFTNo.

AccountType(Please) Savings

PaymentfromBankA/c.No.

Current

INITIALCONTRIBUTIONDETAILS(MANDATORY)

ModeofPayment(Please)

NRE NRO FCNR

RTGS

MICRCode

DrawnonBank

DMMYYYY

(InWords)(InFigures)

Pleaseverifyandensuretheaccuracyofbankdetailsprovidedabove.TheFundshallnotbeheldresponsiblefordelaysorerrorsinprocessingyourrequestiftheinformationprovidedisincompleteorinaccurate.[*indicates-Mandatory].Up-frontdrawdownwillbe25%ofthecommitmentamount.

NEFT

ModeofHolding(Please) Single Jointly Either/AnyoneorSurvivor (DefaultOption:Joint)

FundIncorporation/SetupFees______Upto2.00%

Savings Current NRE NRO FCNR

Branch&City Dated D BANKACCOUNTDETAILS(Mandatory)[ReferInstructions](Mandateforpay-outofdistributionproceeds)

BankName

AccountNo.

BranchAddress

PinCode

AccountType(Please)

IFSC/NEFT*Code

Branch/City

(Pleaseprovideacancelledblankchequeofthementionedaccount)

iii. I/WeauthorizetheInvestmentManagertorejecttheapplication,reversetheunitscredited,restrainme/usfrommakinganyfurtherinvestmentinanyoftheScheme/softheFund,recover/debitmy/ourfolio(s)withthepenalinterestandtakeanyappropriateactionagainstme/usincasethecheque(s)/paymentinstrumentis/arereturnedunpaidbymy/ourbankforanyreasonwhatsoever.

vi. I/Weherebycon�irmthatjointinvestorismyspouse/parent/daughter/son.

iv. I/WeherebyfurtheragreethattheInvestmentManagercandirectlycreditallthedistributionpay-outsandredemptionamounttomy/ourbankaccount,wheretheInvestmentManagerhassucharrangementwithmy/ourBank.

ii. I/Wefurthercon�irmthatI/wehavetheexpressauthorityfromtherelevantconstitutiontoinvestintheunitsoftheSchemeandtheInvestmentManager,itsTrusteeandtheFundwouldnotberesponsibleiftheinvestmentisultravirestherelevantconstitution.

I. I/We have read and understood the contents ofthePrivatePlacementMemorandumandtheContributionAgreementtoHighConvictionFund-Series1 ('theScheme')includingtheprovisionsrelatingto"AntiMoneyLaundering"andKnowYourCustomers.I/WeherebyapplytotheTrusteesoftheFundforunitsoftheSchemeasindicatedaboveandagreetoabidebythetermsandconditionsoftheScheme.I/Wehavenotreceivednorhavebeeninducedbyanyrebateorgifts,directlyorindirectly,inmakingthisinvestment.I/Wefurtherdeclarethattheamountinvestedbyme/usintheSchemeisderivedthroughlegitimatesourcesandisnotheldordesignedforthepurposeofcontraventionofanyact,rules,andregulationsoranystatuteorlegislationoranyotherapplicablelawsoranynoti�ications,directionsissuedbyanygovernmentalorstatutoryauthorityfromtimetotime.Further,relevantdeclarationanddocumentsasmandatedhereinhavebeenprovidedforthemodeofmypayment.

v. I/WeherebyauthorisetheInvestmentManagertoprovidemy/ourinformation,asmentionedinthisapplicationformorformingpartofmy/ourFoliodetails,toRegistrarandTransferAgentorserviceprovidersengagedbyR&T,foreffectivelycarryingoutthemaintenance,storageandprocessingofunitholders'relatedactivities.

NOTE:IncaseJointInvestorisnotarelativeasde�inedinpoint(vi)aboveminimumcapitalcommitmentofRs.1cr.willbeapplicableforeachjointinvestor.

FirstApplicant/Guardian/AuthorisedSignatory

SecondApplicant/AuthorisedSignatory

ThirdApplicant/AuthorisedSignatory

DECLARATIONS

28

28

28

13

^ClassC(includingitssubclasses)shallbeofferedonlytoinvestorsofpreferredchannelpartnersandthefollowingconditionsshallbemet:i)TheshareclassC1,C2andC3shallnotpayanyupfrontdistributionfee.TrailfeeshallbepaidtodistributorsoutofthemanagementexpensechargedtotheScheme;ii)TheshareClassC4willnotbechargedanydistributionfees;iii)Themanagementexpenseshallbeuniformlychargedtoallshareclassesaspertheinvestmentamountoftherespectiveshareclassandparityinchargingexpenseshallbeensuredin

thesameshareclass.

A1 A2 A3 B1 B2 B3 C1 C2 C3 C4

“VERIFIED WITH ORIGINAL” STAMP AFFIXED ON PROOFS Yes No

Particulars

NameoftheEmployee

EmployeeCode

Designationoftheemployee

Signature

Documentsveri�iedwithOriginals ClientInterviewedBy In-PersonVeri�icationdoneby

14

CONTRIBUTIONAGREEMENT

BETWEEN

IIFLTrusteeLimited

(astheInvestmentManager)

(onbehalfofHighConvictionFund-Series1asitsTrustee)

AND

IIFLASSETMANAGEMENTLTD

AND

TheContributor

15

ThisCONTRIBUTIONAGREEMENT(“Agreement”)isexecutedonthisdayof_________________,20________(“EffectiveDate”)BYANDAMONGST1. IIFLTRUSTEELIMITED,acompanyincorporatedundertheCompaniesAct,1956havingitsregisteredof�iceatIIFLCentre,KamalaCity,SenapatiBapatMarg,Lower

Parel,Mumbai-400013,(hereinafterreferredtoas“Trustee”whichexpressionshall,unlessrepugnanttothecontextormeaningthereof,bedeemedtomeanandincludeitssuccessorsandpermittedassigns)oftheFIRSTPART;

2. IIFLASSETMANAGEMENTLIMITED,acompanyincorporatedundertheCompaniesAct,1956havingitsregisteredof�iceatIIFLCentre,KamalaCity,SenapatiBapatMarg,LowerParel,Mumbai-400013(hereinafterreferredtoas“InvestmentManager”whichexpressionshallunlessitberepugnanttothecontextormeaningthereofbedeemedtoincludeitssuccessorsandpermittedassigns)oftheSECONDPART;and

3. ____________________________________________________________________________________________________________________________________(mentionnameandaddressoftheContributor.IftheContributorisabodycorporateindicatethelawsunderwhichitisincorporated),(hereinafterreferredtoasthe“Contributor”,whichexpressionshallunlessrepugnanttothecontextormeaningthereofinclude[his/herheirs,executorsadministratorsandassigns)][incasetheContributorisanindividual]OR[itssuccessorsandpermittedassigns)][incasetheContributorisahinduundividedfamily/company/trust/society/�irm/limitedliabilitypartnership/associationofpersonsorabodyofindividuals/localauthorityandeveryarti�icialjuridicalpersonnotfallingunderanyoftheprecedingcategories],[incaseofanindividualinvestorwhohasaJointHolder add the following]along with Mr./Ms./Mrs______________________________________________________________________________________residing at_____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ (hereinafter “First Joint Holder”), of theTHIRDPART.

WHEREAS:(A) IIFLFinanceLimited(“Settlor”)hassettledadeterminate,non-discretionary,contributorytrust,IIFLOpportunitiesFund(“Trust”)undertheIndianTrustsAct,

1882bywayofanindentureoftrustdatedAugust21,2012,(“Indenture”).TheTrusthasbeenregisteredundertheRegistrationAct,1908.UndertheIndenture,theTrusteehasbeenappointedbytheSettlortoactasthetrusteetotheTrustandeachschemelaunchedundertheTrust.TheIndenturehasbeenamendedvidetheAmendedandReinstatedIndentureofTrustdatedMarch31,2015,March31,2016,March31,2017,March31,2018andMarch31,2019('Indenture').

InthisAgreement,unlessthecontextotherwiserequires,theTrustee,theInvestmentManagerandtheContributorshallhereinafterbejointlyreferredtoasthe“Parties”,andindividuallyasthe“Party”.

(B) TheTrusthasobtainedapprovalfromtheSecuritiesandExchangeBoardofIndia(“SEBI”)asaCategoryIIIAlternativeInvestmentFund(“CategoryIIIAIF”)undertheAIFRegulations(asdefinedhereinafter)bearingregistrationnumberIN/AIF3/12-13/0016forthepurposesofcarryingontheactivityofaCategoryIIIAIFinaccordancewiththeAIFRegulations.

NOW,THEREFORE,inconsiderationofthemutualpromisesandagreementssetforthherein,andforothergoodandvaluableconsideration,thereceiptofwhichisherebyacknowledged,thePartiesagreeasfollows:

“BeneficialInterest”meanswithrespecttoeachContributor,itsproportionateinterestinanyrespectiveClassofUnitsheldbysuchContributorasdeterminedatanytimeinaccordanceIndenture.

“DefaultingContributor”hasthemeaninggivenunder12.

“AIF”or“AlternativeInvestmentFund”meansanalternativeinvestmentfundregisteredwithSEBIundertheAIFRegulations.

“CapitalCommitment”meanstheaggregateamountagreedbyaContributor,inwriting,tobecontributedtotheSchemeunderitsContributionAgreement.

(C) TheTrust(togetherwithitsschemes)hasbeensetupprimarilywiththeobjectiveofseekingcapitalcommitmentsfromthecontributorsundermultipleschemes.TheTrusteeisauthorizedtodeclareandestablishmultipleschemesandtoactasthetrusteetoeachofsuchschemesundertheIndenture.

(D) HighConvictionFund-Series1(“Scheme”)islaunchedasaschemeundertheTrust.

(F) TheContributoracknowledgesthereceiptoftheMemorandumand,havingreadandunderstoodthetermsandconditionscontainedintheMemorandum,herebyunconditionally agrees to make irrevocable Capital Commitment of INR ___________________________________________________________(Indian Rupees_______________________________________________________________________________________________________________________________________________) under Class _______ on the termsandconditionsascontainedintheMemorandum.

“Contributors”meanthePersonswhohavemadeCapitalCommitmentstotheSchemeandhaveagreedtomakepaymentsofCapitalContributions,fromtimetotime,pursuanttotheexecutionofaContributionAgreementforsubscriptionoftheUnitsoftheScheme.

“BusinessDays”meansanydaywhenthebanksinDelhiandMumbaiareopenforbusiness.

“Associate”meansacompanyoralimitedliabilitypartnershiporabodycorporateinwhichadirectorortrusteeorpartneroftheTrustortheSponsor(includingCo-Sponsor)orInvestmentManageroradirectororpartneroftheInvestmentManagerorSponsor(includingCo-Sponsor)holds,eitherindividuallyorcollectively,morethanfifteenpercentofitspaid-upequitysharecapitalorpartnershipinterest,asthecasemaybe.

“Class(es)”meansthedifferentclassorclassesofUnitscreatedbytheTrusteefortheScheme,ontherecommendationoftheInvestmentManager,inaccordancewiththeIndenture,whereineachUnitofoneparticularclassorclassesrepresentsidenticalrightsandinterestinrelationtotheScheme.

“Co-Sponsor”shallmeanIIFLWealthManagementLimited,IIFLWealthFinanceLimitedandIIFLAlternateAssetAdvisorsLimited.

“ContributionAgreementorAgreement”meansthisagreementdatedasofthedatehereof,includingallamendmentsandsupplementsheretoandrestatementshereof.ItisherebyclarifiedthatanychangescarriedtotheSchemeDocumentsinaccordancewiththeAIFRegulationswhichhasbeenintimatedtotheContributorbytheInvestmentManagershallbedeemedtobeapartoftherespectiveSchemeDocumentsandbindingonthePartieshereto.

1.1 Definitions

“Default”hasthemeaninggivenunderClause12.

“AIFRegulations”meanstheSEBI(AlternativeInvestmentFunds)Regulations,2012,asamendedand/orrestatedfromtimetotime,includingallguidelines,directions,regulations,rules,circularsandnotificationsissuedbytheGovernmentoranystatutoryorregulatoryauthorityincludingSEBIoranylegislationinregardthereto,ifapplicabletotheScheme.

“CarryEntitlement”shallhavemeaninggivenunderSchedule1:AdditionalKeyTerms.

AllcapitalizedtermsusedinthisAgreementshallhavethemeaningascribedtothemasfollows,unlessotherwisespecifiedorrepugnanttothecontextthereof:

“Claim”hasthemeaninggivenunderClause5.2.

“CommitmentPeriod”meanstheperiodcommencingfromthedateoftheFinalClosingforperiodof18(Eighteen)monthsfurtherextendableatthediscretionofInvestmentManager.

“DefaultedPortion”hasthemeaninggivenunder12.

(E) TheTrusteehasappointedtheInvestmentManagerundertheInvestmentManagementAgreementandhasconferredcertainpowersinrelationtothemanagementoftheSchemetotheInvestmentManager.

Affiliate”means,withrespecttoanyspecifiedPerson,anyPerson,which,directlyorindirectly,controls,iscontrolledbyorisundercommoncontrolwithsuchspecifiedPerson.Incaseofanaturalperson,Affiliateshallmeantoincludehis“relative”asdefinedinsection2(77)oftheCompaniesAct,2013.

“AdministrativeExpense”hasthemeaninggivenunderSchedule2:FeesSchedule

“Closing”meanstheInitialClosing,SubsequentClosingsandtheFinalClosing.

“CalendarDays”meansalldaysinamonth,includingSaturdaysandSunday,andanyotherpublicholidays.

“ApplicableLaws”meansanyapplicableIndianstatute,law,ordinance,regulation,rule,order,bye-law,administrativeinterpretation,writ,injunction,directive,judgmentordecreeorotherinstrumentwhichhasaforceoflawinIndia,asisinforcefromtimetotime,includingtheAIFRegulations.

“CapitalContribution”means,withrespecttoaContributor,anyportionoftheCapitalCommitmentactuallycontributedbysuchContributortotheScheme,uponexecutionofitsContributionAgreementand/orsubsequentlyinaccordancewithaDrawdownNotice(asthecasemaybe).

CONTRIBUTION AGREEMENT

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34

3

4InitialofTrustee InitialofContributor(s)InitialofIM

16

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“HurdleRate”hasthemeaninggivenunderSchedule1:AdditionalKeyTerms.

“DrawdownNotice”meansawrittennoticeunderthisAgreementoranyotherContributionAgreementissuedbytheInvestmentManagertoanyContributorspecifyingtheamounttobedrawndownagainstsuchContributor'sundrawnCapitalCommitment.

“DistributionWaterfall”hasthemeaninggivenunderSchedule1:AdditionalKeyTerms.“DistributableProceeds”hasthemeaninggivenunderSchedule1:AdditionalKeyTerms.“Drawdown”meansaCapitalContributionmadebyaContributortotheSchemeagainstitsundrawnCapitalCommitmentpursuanttotheissuanceofaDrawdownNoticebytheInvestmentManageronbehalfoftheScheme.“DrawdownDueDate”hasthemeaninggivenunderClause2.2.2.

“Employees”shallmeanemployeesordirectorsoftheSchemeand/ortheInvestmentManager.

“FEMA20”shallMeansForeignManagement(TransferorIssueofSecuritiesbyaPersonResidentoutsideIndia)Regulations,2017.“EffectiveDate”hasthemeaninggiventoitinthepreamble.

FinalClosing”hasthemeaninggivenunderSchedule1:AdditionalKeyTerms.“Follow-OnInvestment”hasthemeaninggivenunderSchedule1:AdditionalKeyTerms.

“IndemnifiedPerson”hasthemeaninggivenunderClause11.“Indenture”hasthemeaninggivenunderRecital1ofthisAgreement.

“InvestmentManagementAgreement”meanstheagreemententeredintobyandbetweentheTrusteeandtheInvestmentManagerformanagingthecorpusoftheSchemeandrenderingrelatedservicestotheScheme,includingallamendmentsandsupplementstheretoandrestatementsthereof.

“IndianRupees”or“INR”meansthelawfulcurrencyoftheRepublicofIndia.

“InvestmentObjective”hasthemeaninggivenunderSchedule1:AdditionalKeyTerms.

“Majority”shallmeanatleast50%(fiftypercent)oftheContributorsbyvalueoftheirinvestmentintheScheme.

“Memorandum”meanstheconfidentialprivateplacementmemorandumwithrespecttotheSchemeandissuedbytheScheme(datedasofthedatehereof),invitingoffersforCapitalCommitmentsfromContributorsforthesubscriptionandpurchaseofUnitsoftheSchemeonaprivateplacementbasis,includingallamendmentsandsupplementstheretoandrestatementsthereof.“NetAssetValue”or“NAV”hasthemeaninggivenunderSchedule1:AdditionalKeyTerms.“Person” means any person and includes any individual, vehicle or entity, sole proprietorship, body corporate, partnership, company, body of persons orassociationswhetherincorporatedorunincorporated,trusts,organisations,governmentorgovernmentagencyorauthorityorotherlegalentityororganization,whetherincorporatedornot.“PortfolioCompany(ies)”meansanycompany,specialpurposevehicleorlimitedliabilitypartnershiporbodycorporateinwhichtheSchememakesorpurportstomakeaninvestmentinaccordancewithitsInvestmentObjectiveandsubjecttotheAIFRegulations.

“ManagementExpenses”hasthemeaninggivenunderSchedule2:FeeSchedule.

“InvestmentCommittee”hasthemeaninggivenunderSchedule1:AdditionalKeyTerms.

“MinimumCapitalCommitment”hasthemeaninggivenunder2.1.2

“Initial Closing” shallmean date of first closing as announced by the InvestmentManager onwhich the commitment amount in the Scheme reaches INR20,00,00,000(IndianRupeesTwentyCrore).

“SchemeDocuments”shallmean,theMemorandum,theIndenture,theContributionAgreement,theInvestmentManagementAgreement,asoriginallyexecutedandamended,modified,supplementedorrestatedfromtimetotime,togetherwiththerespectiveannexures,schedulesandexhibits,ifany.“PortfolioInvestment”meansinvestmentsbytheScheme(whetherdirectlyorindirectly)inaPortfolioCompanies.“QualifiedInvestor”meansanyPerson(incaseofanindividualbeingovertheageof18yearsoralegalguardianofaminor)butdoesnotinclude(i)anyPerson,whocannotacquireorholdUnitswithoutbeinginbreachofanylaworrequirementofIndia,(ii)anypersonwhoseholdingofUnits,intheopinionoftheTrusteeandInvestmentManager,mightresultintheSchemeincurringanyliabilityinrespectoftaxationorsufferinganyotherpecuniarydisadvantage,whichtheSchememightnototherwisehaveincurredorsufferedor(iii)nonresidentinvestors(Foreigninvestors,NRIsfromNREandNROAccount,ForeigninvestorsunderSchedule8ofFEMA20,aspermittedunderApplicableLawfromtimetime).(iv)anycustodian,nomineeortrusteeforanyPersondescribedinclauses(i)and(ii)above.Notwithstandingtheabove,theInvestmentManagerreservesabsolutediscretioninadmittinganypersonasaContributorintotheScheme.“Settlor”meansIIFLFinanceLimited.“Sponsor”meansIIFLFinanceLimited.“SchemeIncorporationExpenses”hasthemeaninggiventoitunderSchedule2:FeeSchedule.“SchemeExpenses”hasthemeaninggiventoitunderSchedule2:FeeSchedule.

“Investments”shallmeanthePortfolioInvestmentsandtheTemporaryInvestments.

“Losses”hasthemeaninggivenunderClause11.

SponsorCommitment”meanstheCapitalCommitmentbyeitherInvestmentManagerorSponsororCo-SponsortotheSchemeofINR10,00,00,000(IndianRupeesTenCrore)or5%(fivepercent)oftheaggregateCapitalCommitmentsoftheScheme,whicheverislower.

“Transfer”includesadirectorindirecttransferinanyform,includingasale,assignment,conveyance,pledge,charge,mortgage,encumbrance,securitisation,hypothecationorotherdisposition,anypurportedseveranceoralienationofanyBeneficialInterest(includingthecreationofanyderivativeorsyntheticinterest),ortheactofsodoing,asthecontextrequires.

(c) theheadingsandsub-headingsusedinthisAgreementareinsertedonlyforreferencetotheprovisionshereofandshallnotaffecttheconstructionofsuchprovisions;

“StatementofAccounts”meansastatementissuedbytheInvestmentManageronbehalfoftheSchemetotheContributorsspecifyingthenumberofUnitsheldbytheContributorsandevidencingaBeneficialInterestintheScheme.

“Unitholder”meansholderoftheUnitoftheScheme.

“Unit”meansaunitofanyclassevidencingBeneficialInterestintheSchemeissuedbytheInvestmentManagertoacontributoronsuchcontributormakingaCapitalContribution.

(b) exceptfortheinterpretationoftheterm'Contributor'and'Contributors'asreferredtoabove,wordsinthesingularshallincludewordsinthepluralandwordsinthepluralshallincludethesingular;

“Trustee”hasthemeaninggivenunderthepreamble.

InthisAgreement,unlessthecontextotherwiserequires:

“Term”hasthemeaninggivenunderSchedule1:AdditionalKeyTerms.

“SubsequentClosing”meansanyClosingsubsequenttotheInitialClosing(includingtheFinalClosing),inwhichtheSchememay,asdeterminedbytheInvestmentManager.

(a) anyprovisionofthisAgreementwhichisstatedtobeapplicabletotheContributorsoftheSchemeasaclassofinvestorsshallalsobedeemedtobeapplicable(unlessthecontextotherwiserequires)totheContributorenteringintothisAgreement.However,theterm,'Contributor'shallhavethemeaningasassignedtoitinthetitleclauseofthisAgreement;

“SuperMajority”shall,inrespecttotheScheme,meanatleast75%(seventyfivepercent)oftheContributorsbyvalueoftheirinvestmentintheScheme.“Taxes”shallmeananyandallpresentandfuturetaxes,includingwithoutlimitation,grossreceipts,educationcess,interest,sales,turn-over,valueadded,useconsumption,property, income,franchise,capital,occupational, license,excise, interestanddocumentarystampduties/taxes,andcustomsandotherduties,assessments,penalties/fines,or fees,however imposed,withheld, levied,orassessedbyanycountryorgovernmentsubdivision thereoforanyother taxingauthority

(d) areferencetoathingincludesapartofthatthing;

“TemporaryInvestments”meansinvestmentoftemporarysurplusavailablewiththeSchemeinliquidmutualfunds,bankdeposits,otherliquidassetssuchastreasurybills,collateralizedborrowingandlendingobligations(CBLOs),commercialpapers,certificatesofdepositsoranysuchinstrumentnotprohibitedby,orpermittedundertheAIFRegulations.

1.2 Interpretation

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(h) useoftheword“include”and“including”shallbeconstruedwithoutlimitation;

(g) referencesinthisAgreementtostatutoryprovisionsshallbeconstruedasreferencestothoseprovisionsasmodifiedorre-enactedfromtimetotime(whetherbeforeorafterthedateofthisAgreement)andtoanysubordinatelegislationmadeundersuchprovisionsandshallincludereferencestoanyrepealedstatutoryprovisionwhichhasbeensore-enacted(whetherwithorwithoutmodification);

(i) anyreferencetoanagreement,instrumentorotherdocument(includingareferencetothisAgreement)hereinshallbetosuchagreement,instrumentorotherdocumentasamended,supplementedornovatedpursuanttothetermshereofandthereofasthecasemaybe;

(j) noprovisionofthisAgreementshallbeinterpretedinfavouroforagainstanyPartybyreasonoftheextenttowhichsuchPartyoritscounselparticipatedinthedraftinghereoforbyreasonoftheextenttowhichanysuchprovisionisinconsistentwithanypriordrafthereof;and

(k) anycapitalizedterm,definitionorphraseusedbutnotdefinedhereinunderClause1.1shallbeinterpretedinaccordanceotherSchemeDocuments.

(f) referencestoRecitals,Clauses,Sub-Clauses,Schedules/AnnexuresandPartieshereinarereferencestotherecitals,clauses,sub-clausesandschedules/annexuresof,andpartiesto,thisAgreement;

2. AGREEMENTANDTERMSOFCAPITALCONTRIBUTION

2.1 AmountandtermsofCapitalContribution

(e) areferencetoanyonegenderwouldincludeareferencetoanyothergender;

2.1.1 SubjecttothetermsandconditionsofthisAgreement,theContributoragreestocommittotheSchemeasstatedinrecitalF

2.1.2 TheMinimumCapitalCommitmentof aContributor shall be INR1,00,00,000 (IndianRupeesOneCroreOnly)or suchamount asprescribedunder theAIFRegulations.However,theminimumCapitalCommitmentforContributorswhoareEmployeesshallbeINR25,00,000(IndianRupeesTwentyFiveLakhsOnly)orsuchotheramountasprescribedundertheAIFRegulations.

2.1.3 TheCapitalCommitmentsandCapitalContributionstotheSchemeshallbedenominatedinIndianRupees.

2.3.4 Everynewcontributortakenonrecordonaccountofsuchtransfer/uponenforcingthepledgeshall,subjecttothetermsoftheContributionAgreement,executeadeedofadherence,insuchformasmaybeprescribedbytheInvestmentManager,acknowledgingtobeboundbythetermsandconditionsoftheAgreement.UnlessdeterminedotherwisebytheInvestmentManager,allcostsandexpenses,includingstampduty,inrelationtoTransferspermittedbytheInvestmentManagershallbebornebytheContributorseekingtoeffectsuchtransfer.

2.8 RedemptionofUnits

2.1.4 TheCapitalCommitmentsandCapitalContributionstotheSchemeshallbeirrevocableinnature,subjecttothetermsandconditionscontainedintheSchemeDocuments.

2.1.6 TheInvestmentManager,mayatitsdiscretion,admitadditionalcontributorsandallowexistingcontributorstoincreasetheirCapitalCommitmentsatanyClosinguntiltheFinalClosing.

2.5 PersonsadmittedasContributors

2.2.2 ACapitalContributionpursuanttoaDrawdownNoticehastobemadenolaterthanthedatewhichisspecifiedintheDrawdownNoticeandshallbeatleast15(Fifteen)CalendarDaysafterthedateonwhichtherelatedDrawdownNotice is issued(“DrawdownDueDate”).TheDrawdownNoticemaybesentbytheInvestmentManagerthroughfacsimile,electronicmailorcourierattheaddressasmaybespecifiedbytheContributorinthisAgreementandsuchDrawdownNoticeshallbedeemedtohavebeenreceivedbytheContributorwithin7(Seven)CalendarDaysfromthedateofdispatchofthecourierorwithin24(TwentyFour)hoursfromtheelectronicmailbeingsent,asthecasemaybe.

NotwithstandinganythingtothecontraryexceptforanypaymentobligationorliabilityunderApplicableLaworasrequiredpursuantto(i)Clause12(DefaultbyContributors);(i)Clause3(PaymentofTaxes);Clause4(RepresentationandWarranties);Clause11(IndemnityandLimitationofLiability)and/orasrequiredpursuanttoClause5(Contributor's Giveback),aContributor'saggregateliabilityunderthisAgreementshallbelimitedtoitsundrawnCapitalCommitmentsplusDistributableProceedspaidorpayabletosuchContributor.

2.6 LimitedLiability

2.1.5 TheContributoracknowledgesandagreesthattheAgreementcreatesabindingobligationontheContributortomakeacontributionnotexceedingtheCapitalCommitmentwhenevercalledupontodosobytheInvestmentManagerandacknowledgesthattheInvestmentManagerisentitled,atitsdiscretion,tocallupontheContributortomakepaymentsoftheentireCapitalCommitment.

TheInvestmentManagerandtheTrusteeshalldealonlywithpersonsnamedoradmittedascontributorstotheSchemeinaccordancewiththeContributionAgreements.AnydistributionbytheInvestmentManagertoaPersonshownontheScheme'srecordsasacontributororsubjecttoanevidencebeingprovided,tosuchPerson'slegalrepresentative,ortransferee,orlawfulassignee,havingtherighttoreceiveSchemedistributionsasprovidedtherein,shallabsolvetheScheme,TrusteeandInvestmentManagerofallliabilitytoanyotherPersonwhomaybeinterestedinsuchdistributionbyreasonofanyotherassignmentbytheContributororbyreasonofitsincapacityorforanyotherreasons.

2.2 ProcedureforCapitalContribution

2.2.3 ItisfurtherclarifiedthatpostthefirstDrawdown,thedrawndownamountsoftheContributorswillbeinvestedinTemporaryInvestments,pendingdeployment.AllreturnsgeneratedonsuchTemporaryInvestmentswillbetreatedasincomeoftheScheme.

2.3.5 Anytransfers,withoutconsentofInvestmentManager/TrusteesorincontraventionofAIFRegulations(hereinafterreferredtoas'erroneoustransfer'),wouldnotbe considered / recorded by the Investment Manager and is liable to be reversed. The transferor would be solely responsible for any loss which thetransferee/investee,theScheme,theInvestmentManagerorTrusteemaysuffer,asaresultofsucherroneoustransfer.

2.8.2 UpontheredemptionofaUnit,theContributorshallceasetobeentitledtoanyrightsinrespectofsuchUnit(exceptalwaystherighttoreceiveadistributionwhichhasbeendeclaredinrespectofsuchUnitpriortosuchredemptionbeingeffected)andtheregisterofContributorsshallaccordinglybeamendedtoreflecttheremovalofsuchnumberofUnitsheldbysuchContributorpursuanttosuchredemption.(a) Theaccountfor investmentpurposesonlyandnot forthepurposeofresale,distributionorfractionalization.

2.3.1 TheUnitsshallbefullypaidupUnitsatfacevalueofINR.10(IndianRupeesTenOnly)atInitialClosing.Thereafter,theUnitsshallbeallottedattheNetAssetValue(NAV)perUnitcalculatedfortherespectiveclassofUnitattheonweeklybasis(everyThursdayornextworkingday,ifThursdayisholiday)onwhichtheCapitalContributionisreceivedoronsuchotherdayasperdiscretionoftheInvestmentManager.

2.2.1 TheInvestmentManagershallbeentitledtodrawdowntheCapitalCommitmentsfromtheContributoronan“asneeded”basisfromtimetotime.

2.4.2 TheInvestmentManagershallmaintain,aregisterofcontributorsinwhichthenameoftheContributorshallbeenteredastheholderoftheUnitsissuedtoitandotherparticularsasmayberelevant.

2.2.4 TheContributoragreestobeboundwithrespecttoitsinterestintheSchemeanditsCapitalCommitment,byallthetermsandprovisionsofthisAgreementandtheotherSchemeDocuments.

2.3.3 TheContributormaynotdirectlyorindirectly(i)sell,exchange,assign,mortgage,hypothecate,pledgeorchargetheUnitstoanyPerson;or(ii)transferitsinterestsintheSchemetoanyQualifiedInvestor;or(iii)withdrawtheirinvestmentsfromtheScheme;or(iv)redeemtheUnitsheldintheScheme,inwholeorinpartwithoutthepriorwrittenconsentoftheInvestmentManager,whichconsentmaybegivenorwithheldinthesolediscretionoftheInvestmentManager.

2.3.2 ThenumberofUnitstobeallottedshallbecalculatedasCapitalContributionrealizedlessSchemeIncorporationExpenses/NAVperUnit.

2.7 FeesandExpensesTheapplicablefeesandexpensesinrelationtotheSchemearedetailedinSchedule2:FeeScheduleofthisAgreement.

2.3 Issue,allotmentandtransferofUnits

2.8.1 TheUnitsshallberedeemed,whetherwhollyorinpart(asthecasemaybe)pursuanttotheSchemeDocuments.

2.4 DeliveryofStatementofAccounts

2.4.1 TheInvestmentManager,onbehalfoftheScheme,shalluponreceiptofawrittenrequestfromtheContributordelivertotheContributortheStatementofAccountswithin15(fifteen)BusinessDaysofsuchrequest,evidencingthenumberofUnitsheldbytheContributor.

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(viii) TheContributor'sexecutionanddeliveryofthisAgreementandtheconsummationoftherespectivetransactionscontemplatedbythisAgreementshallnotresult(totheextentapplicabletotheContributor)intheviolationoforconstituteadefaultunder,breachoforconflictwith(a)theContributor's governing or organizational documents; (b) any contract, indenture, agreement, instrument binding on the Contributor or itsproperties;or (c) anyorder,writ,permit, franchise, judgment,decree, legislation, statute, ruleor regulationapplicable to theContributor, orthreatenedagainsttheContributortothebestofitsknowledge.Therearenoexistingorthreatenedactionsorproceedingsagainstitwhich,ifdecidedagainstit,wouldhaveamaterialadverseeffectonitoritsbusiness,propertiesandassetsoronitsabilitytoperformitsobligationsunderthisAgreement.

(ix) It understands and agrees that upon execution of this Agreement, the Contributor shall be obliged to pay the entire amount of the CapitalCommitmentinsuchmannerascontemplatedinthisAgreementregardlessoftheperformanceoftheSchemeandunderstandsthenatureandscopeoftherightsandremediesprovidedtotheSchemeinthisAgreementiftheContributorfailstopay,whendue,anypartoftheCapitalCommitmentorotherpaymentobligationsunderthisAgreement.

2.8.3 TheTrusteemay,actingontheadviceoftheInvestmentManagerortheInvestmentManagermay,mandatorilyrequireaContributortoTransfer,alloranypartofitsUnitsandinterest,cancelallorpartofitsundrawnCapitalCommitmentsand/orterminatetheContributionAgreementiftheInvestmentManagerdetermines(i)thatanyoftherepresentationsgivenbysuchContributorinitsContributionAgreementwerenottrueorhaveceasedtobetrue;and/or(ii)ingoodfaithandasaresultoftheapplicationofanylaw,rule,regulationororderofanyregulatoryauthority,suchContributor'sinvestmentintheSchemewillhave,orbelikelytohave,amateriallyadverseeffectontheScheme,theInvestmentManageroranyoftheScheme'sinvestments.

2.11 LiabilityofreturnofCapitalContribution

2.10 InvestmentRestrictions:

4.1.3 Ithasthecorporatepower,capacityandauthoritytoexecute,deliverandperformthisAgreementandhastakenallnecessarysanctionsandapprovals(corporate,statutoryorotherwise)toauthorizetheexecution,deliveryandperformanceofthisAgreement.

4.2 RepresentationsbytheContributor

2.11.1 TheTrustee,InvestmentManager,theSponsor,Co-SponsorandeachoftheirAffiliatesoreachoftheforegoingPerson'srespectivedirectors,employeesoragentsshallnothaveanypersonalliabilitytotheContributorforthereturnofitsCapitalContribution.NodistributionorrepaymentofanyamountmaybemadetotheContributorunlessatthetimeofeachdistributionorrepayment,allliabilitiesofSchemetoPersonsotherthantheContributorsshallhavebeenpaidoringoodfaithdeterminationoftheTrusteeandtheInvestmentManager,thereshallremaininScheme,propertysufficienttopaysuchliabilities.

TheSchemeshallcomplywithinvestmentrestrictionsasstatedintheAIFRegulationsandSchemeDocuments.

2.9.2 Non-exhaustive summaries of certain principal legal and regulatory considerations and tax considerations applicable to the Scheme are set forth in theMemorandum.Inviewoftheparticularizednatureofthetax,regulatoryandlegalconsequences,eachprospectiveContributorhas,priortotheexecutionofthisContributionAgreement,consulteditsownadvisorswithrespecttothespecificlegal,regulatoryandtaxconsequencesapplicabletohim/her/itasaresultofaninvestmentintheScheme.

2.11.2 AfterthedissolutionofScheme,iftheTrusteeand/ortheInvestmentManageriscalledupontodischargeanyliabilityinrespectofanybonafideactcommittedpriortothedissolution,therecipientsofsuchdistributionsshallbeliabletomakegoodsuchliabilityto,oronbehalfof,theTrusteeand/ortheInvestmentManager.

2.11.3 EachoftheContributoragreesthatinvestmentinUnitsoftheSchemeinvolvesahighdegreeofriskandeachContributorshallindependentlyevaluatetheserisksbeforeinvestingintheUnits.Therefore,subjecttothetermsofthisAgreementnoneoftheTrustee,theInvestmentManager,Sponsor,Co-Sponsors,theirAffiliatesortheirrespectivedirectors,employeesoragentsshallbeliableforthereturnoftheCapitalContributionsofanyContributorsandeachContributorherebywaivesanyandallclaimsthatitmayhaveagainstsuchPersonsinthisregard.Further,theInvestmentManager,Trustee,Sponsor,Co-SponsorandeachoftheirAffiliatesortheirrespectivedirectors,employeesoragentsshallnotbeliableforanylosswhichaContributormaysufferbyreasonofanydepletioninthevalueofitsCapitalContributionorduetofluctuationinthemarketpriceofanyoftheinvestmentsoftheSchemeandeachContributorwaivesanyandallclaimsthatitmayhaveagainstsuchPersonsinthisregard.

3. PAYMENTOFTAXES

3.1 AnyallocationordistributionofincomeandassetsoftheSchemetotheContributorsshallbesubjecttoapplicabletaxesincludingwithholdingtaxes,undertheprovisionsoftheIncome-taxAct,1961orotherrelevanttaxesasapplicable.

2.9 Independentconsultation

2.9.1 TheContributoragreesandconfirmsthatithasbeenadvisedtoconsultwithitsattorneyregardinglegalmattersconcerningtheSchemeaswellastoconsultwithindependenttaxadvisersregardingthetaxconsequencesofinvestinginUnits.

3.2 Alltaxes,duties,chargesandlevies,ifany,payableinconnectionwiththeincomeorgainsfromtheInvestmentsquaeachContributorshallbepaidbytheTrusteeorInvestmentManagerandshallbetakenintoaccountwhilecalculatingtheDistributionWaterfallsetoutinSchedule1:AdditionalKeyTerms.Anysuchtaxes,duties,chargesandleviessufferedaswithholdingtaxorpaidbytheTrusteeorInvestmentManagerquaeachContributorintheSchemeshallbedeemedtoformpartoftheDistributionWaterfallmentionedinSchedule1:AdditionalKeyTerms,tosuchContributorasondatewhensuchtaxes,duties,chargesandleviesaredeductedorpaid,asthecasemaybe.

4. REPRESENTATIONSANDWARRANTIES

4.1 RepresentationsbytheTrusteeandtheInvestmentManager

4.1.1 ExcepttotheextentalreadydisclosedinwritingtotheContributors,eachoftheTrusteeandtheInvestmentManagerseverallyandonlyinrelationtoitselfrepresentsandwarrantsasfollows:

4.1.2 ItisdulyincorporatedunderthelawsofIndiaandhasthepowertoconductitsoperationsaspresentlyconductedandtoenterintothisAgreement.

4.1.4 NothinginthisAgreementconflictswiththeconstitutionaldocumentsoftheTrusteeorInvestmentManager(asapplicable)oranyjudgment,decreeororderoranystatute,ruleorregulationapplicabletoit.

TheContributorherebyrepresents,assuresandconfirmsasfollows:(a) TheContributorrepresents,warrants,assuresandconfirmsasfollows:

(i) Ifnotanindividual,itisdulyincorporatedunderlawsoftherelevantjurisdictionandhasthepowertoconductitsbusinessaspresentlyconducted.

(ii) Ithasbeenfurnishedwithandhas(andinthecaseofaContributorotherthananindividual,itsprincipalofficer)carefullyreadandunderstoodtheSchemeDocumentsandtheMemorandum.IthassuchknowledgeandexperienceinfinancialandinvestmentmattersastobecapableofevaluatingthemeritsandrisksoftheinvestmentintheScheme,isabletobeartherisksoftheinvestmentintheScheme,hasthefinancialabilitytomaketheinvestmentintheUnitspursuanttothisAgreementandunderstandstherisksof,andotherconsiderationsrelatingto,aninvestmentintheScheme,includingassetoutintheMemorandum.

(iii) It(andinthecaseofaContributorotherthananindividual,itsprincipalofficer)hasreadthetermsandtheconditionsmentionedintheSchemeDocumentsandacceptthesameunconditionally.

(v) Ithasthefullpower,capacityandauthoritytoexecute,deliverandperformthisAgreementandsuchotherdocument,ifany,requiredtobeexecutedanddeliveredbytheContributorinconnectionwithallotmentofUnitsandhastakenallnecessarysanctionsandapprovals(corporate,statutoryorotherwise)toauthorisetheexecution,deliveryandperformanceofthisAgreementincludinghonouringitsCapitalCommitment.ThePersonsigningthisAgreementonbehalfoftheContributorhasbeendulyauthorizedtoexecuteanddeliverthisAgreementandsuchotherdocumentrequiredtobeexecutedanddeliveredbytheContributorinconnectionwiththeallotmentofUnits.ThisAgreementhasbeendulyexecutedbytheContributorandconstitutesavalidandlegallybindingagreementoftheContributor,enforceableagainstitinaccordancewithitsterms.

(iv) PersonsnamedastherepresentativesoftheContributorshallhavetheapprovalandtheauthoritytoactasitsrepresentatives.

(vi) Ifnotanindividual,thecopiesofthecertificateofincorporationandthecharterorconstituentdocumentsoftheContributorwhichhavebeencertifiedandinitialledbyaprincipalofficerordirectoronbehalfoftheContributorandfurnishedtotheTrusteeand/ortheInvestmentManagerarecorrectandcompleteandreflectallamendmentsmadetheretopriortotheexecutionofthisAgreement.

(vii) TheUnits(representingBeneficialInterestintheScheme)arebeingallottedtotheContributorfortheContributor'sownaccountforinvestmentpurposesonlyandnotforthepurposeofresale,distributionorfractionalization.

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(xi) OtherthanassetforthinthisAgreement,intheMemorandum,orinanyseparateagreementinwritingwiththeSchemeexecutedinconjunctionwiththeContributor'sCapitalCommitment,theContributorisnotrelyinguponanyotherinformation(includinganyadvertisement,article,noticeorothercommunicationpublishedinanynewspaper,magazine,websiteorsimilarmediaorbroadcastovertelevisionorradio,andanyseminarsormeetingswhoseattendeeshavebeeninvitedbyanygeneralsolicitationsoradvertising),representationorwarrantybytheScheme,itsAffiliatesoranyagentofthem,writtenorotherwise,indeterminingtoinvestintheScheme.TheContributorhasconsulted,totheextentdeemedappropriatebythe Contributor,with the Contributor's ownadvisers as to the financial, tax, legal, accounting, regulatory and relatedmatters concerning aninvestmentinUnitsandonthatbasisunderstandsthefinancial,tax,legal,accounting,regulatoryandrelatedconsequencesandbelievesthataninvestmentintheSchemeissuitableandappropriatefortheContributor.

(b) Ifnotan individual,noneof the followinghaveoccurredand issubsistingandnonotice inconnectiontherewithhasbeenserved inrelationtotheContributor:

(xii) NoneofthefundsitcontributestotheSchemeshallbederivedfromactivitiesthatcontraveneApplicablelawsincludingprovisionsofPreventionofMoneyLaunderingAct,2002ormaycontraveneorcausetheSchemetocontraveneanyApplicableLawsandregulations,includinganti-moneylaunderinglawsorregulations.

(x) To the full satisfactionof theContributor, theContributorhasbeenafforded theopportunity toseek information fromtherepresentativesof theScheme,concerning the terms and conditions of the offering and to obtain any additional information necessary to verify the accuracy of any representations orinformationsetforthintheMemorandum.

(xiii) ItiseligibletoinvestintheSchemepursuanttothelawsandregulationsofitsjurisdictionandhastakenallrelevantsteps(includingobtainingtherelevantpermissions)tobeeligibletomakesuchinvestment.

(I) anapplicationtoacourtforanorder,orthemakingofanyorder,thatitbewoundup,thataliquidator,receiverorcustodianbeappointedoftheContributororanyofitsassetsorthatitbeplacedinbankruptcy

(ii) aresolutionforwindingup;

(iii) theconveningofameetingorpassingofaresolutiontoappointaliquidator;

(iv) aschemeofarrangement,amalgamationorreconstructionorcompositionwithorwithoutassignmentforthebenefitofalloraclassofcreditors;

(v) thetakingofanyactiontoseize,attach,takepossessionoforappointacustodian,receiver,liquidatorormanagerinrespectoftheContributororanyofitssharesorproperty;and

(vi) anyothereventorcondition,whichcouldhaveamaterialadverseimpactontheContributor'sabilitytomeetitsCapitalCommitmenttotheScheme.

(c) Ifanindividual,noneofthefollowinghaveoccurredandissubsistingandnonoticeinconnectiontherewithhasbeenservedinrelationtohim:

(I) anapplicationtoacourtforanorder,orthemakingofanyorder,thathebedeclaredaninsolventoranyofhisassetsbeplacedinbankruptcy;

(ii) thetakingofanyactiontoseize,attach,takepossessionoforappointacustodian,receiver,liquidatorormanagerinrespectofanyofhisassetsorproperty;and

(iii) anyothereventorcondition,whichcouldhaveamaterialadverseimpactontheContributor'sabilitytomeetitsCapitalCommitmenttotheScheme.

5.2 Further,if,thereisanypendingorthreatenedlegalaction,suitorproceedingoranyclaimhasbeenmade,ineithercase,againsttheTrusteeorInvestmentManagerorsuchpersonsoidentifiedoranyliability(actualorcontingent)existswhichmayentitlesuchpersonstobeindemnifiedbytheScheme(anyoftheforegoinga“Claim”),theTrusteeorInvestmentManagerorLiquidatorshallsonotifytheContributorsandformerContributorsatsuchtime(whichnoticeshallincludeabriefdescriptionofeachClaim)andtheobligationoftheContributorstoreturnanydistributionsforthepurposesspecifiedshallsurvivewithrespecttoeachClaimsetforthinsuchnotice(oranyrelatedaction,suit,proceeding,claimorliabilitybaseduponthesameorasimilarClaim)untilthedatethatsuchClaimisultimatelyresolvedandsatisfied.

4.4 Conditionastorepresentationsandwarranties

5.1 Exceptasotherwiseexpresslysetforthherein,noContributorshallberequiredtorepaytotheSchemeoranycreditoroftheSchemealloranypartofthedistributionsmadetosuchContributorpursuanthereto;providedthatandsubjecttothelimitationssetforthbelow,iftheSchemeincursanyliability,theTrusteeortheInvestmentManagermayrecalldistributionsreceivedbytheContributor(includinganyformerContributor)pursuanttotheMemorandumprorataaccording to the amount that such liability would have reduced the distributions received by the Contributor and former Contributor pursuant to theMemorandumhadsuchliabilitybeenincurredbytheSchemepriortothetimesuchdistributionsweremadeinanamountupto,butinnoeventinexcessof,theaggregateamountofdistributionsactuallyreceivedbysuchContributororformerContributorfromtheScheme;providedfurtherthat,aContributorshallberequiredtoreturnanydistributionthatwasmadetosuchContributorinerror.

5. CONTRIBUTOR'SGIVEBACK

4.3 Acknowledgment

The Scheme shall borrow or engage in leverage in accordance with Applicable Laws (including AIF Regulations). The Scheme may invest in equity derivatives, amongst other things for purposes of hedging and portfolio balancing, as may be permitted under the AIF Regulations from time to time. However, leverage shall not exceed 2 (two) times of the NAV of the Scheme and will be subject to prudential requirements as prescribed by SEBI from time to time.

AnyamountsreceivedbytheSchemefromitsInvestmentsorotheroperationsduringtheCommitmentPeriodwillbeavailableforfutureInvestmentsand

EachPartyacknowledgesthatithasmaderepresentationshereinaboveinthisClause4onthefaithandstrengthwhereofthePartieshaveenteredintothisAgreement.EachPartywarrantsthateachofitsrepresentationsistrueandcorrectandisnotmisleadinginanymaterialaspect.

4.3.2 EachPartyrepresentsandwarrantsthatthisAgreementconstitutesavalidandbindingobligationofsuchPartyenforceableagainstitinaccordancewithitsterms,excepttotheextentthatenforcementmaybelimitedbyApplicableLaws.

7. REINVESTMENT

4.3.1 EachPartyagreestoinformtheotherPartiesifanyoftherepresentationsorwarrantiesofsuchPartyunderthisClause4ceasestobetrue,correctoraccurateduringthetermofthisAgreement.

(d) TheContributordoesnotandshallnot,initscapacityasaContributor,havetherightorpowertoparticipateinthemanagementoraffairsoftheSchemeoranyPortfolioCompany,norshalltheContributorhavethepowertosignfororbindtheScheme.

EachPartyagreesthatitsrepresentationsandwarrantiescontainedinthisClause4aretrueandwillbetrueasofeachdateonwhichtheContributormakesaCapitalContributionandshallhavethesameeffectasthoughmadeonandasofthatdate.

(e) The Contributor agrees that the foregoing representations andwarranties shall be deemed to be reaffirmed by the Contributor at each time theContributorfundsaDrawdownandsuchfundingshallbeevidenceofsuchreaffirmation,andifanyoftheforegoingrepresentationsorwarrantiesoranyinformationprovidedbytheContributorceasetobetrue,accurateorcomplete,oriftheybecomemisleading,theContributorshallpromptlynotifytheTrusteeandtheInvestmentManagerofthefactspertainingtosuchchangedcircumstances.Insuchanevent,theTrusteeandtheInvestmentManagermayberequiredtofreezetheContributor'sinvestmentortheContributor'sinvestmentmayimmediatelybeinvoluntarilywithdrawnfromtheScheme,andtheSchememayalsoberequiredtoreportsuchactionandtodisclosetheContributor'sidentitytoanystatutoryorregulatoryauthority,asmayberequired,and/ortakesuchactionsasmayberequiredundertheApplicableLaws,includingtoenforcemandatorycancellationoftheUnitsheldbytheContributorasonsuchdate.IftheSchemeisrequiredtotakeanyoftheforegoingactions,theContributorunderstandsandagreesthatitshallhavenoclaimagainsttheScheme,theTrusteeandtheInvestmentManageroranyoftheirrespectiveAffiliates,members,partners,shareholders,officers,directors,advisors,employeesoragentsforanyformofdamagesasaresultofanyoftheaforementionedactions.

5.4 TheInvestmentManagershallalsohavepowerstoseeksuchdocumentationincludingcopyoftaxreturns,taxassessmentdocumentsandsuchothertaxrelatedrecordsoftheContributorsatanystage,ifsuchdocumentsarerequiredbyanytaxauthoritiesinconnectionwithtaxassessmentsorinquiriesoftheTrustorScheme.

5.3 If,itisdeterminedunderApplicableLawsthatanyContributorhasreceivedadistributionwhichisrequiredtobereturnedtoorfortheaccountoftheSchemeorScheme'screditors,thentheobligationunderApplicableLawsofanyContributortoreturnalloranypartofadistributionmadetosuchContributorshallbetheobligationofsuchContributorandnotofanyotherContributor.AnyamountreturnedbyaContributorpursuanttothisClauseshallnotconstituteaCapitalContributionhereunder.

6. BORROWINGS

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8.1 Exceptfordecisionsrelatingtomatters(a)asprescribedundertheAIFRegulations;(b)asspecificallyprovidedforherein;and(c)relatingtowindingupoftheSchemewhichwillrequiretheapprovaloftheSuperMajorityoftheContributorsinvalue(otherthanthoseinDefault),otherdecisionsshallrequiretheapprovalofSimpleMajorityoftheContributorsinvalue.

12. DEFAULTBYCONTRIBUTORS

9.2 TheSchemeshallmakedisclosuresasmayberequiredtosubmitundertheAIFRegulations.TheannualauditedaccountsoftheSchemeshallbepreparedinaccordancewiththegenerallyacceptedaccountingprinciplesinIndia.

11.1 TothefullestextentpermittedbyApplicableLaws,eachContributorwill indemnify,within2(two)CalendarDaysofdemand,theTrustee,theInvestmentManager,theSponsor,Co-Sponsorandanyoftheirrespectiveofficers,directors,shareholders,members,employees,advisorsandagents,andmembersoftheInvestmentCommittee,oranyothercommitteeconstitutedbytheInvestmentManager(“IndemnifiedPerson”)againstanyandallclaims,liabilities(includingtaxliabilities),damages,losses,costsandexpenses(includingamountspaidinsatisfactionofjudgements,incompromisesandsettlements,asfinesandpenaltiesandlegalorothercostsandreasonableexpensesofinvestigatingordefendingagainstanyclaimorallegedclaim)(“Losses”)ofanynaturewhatsoever,knownorunknown,liquidatedorunliquidated,thatareincurredbyanyIndemnifiedPersonortowhichsuchIndemnifiedPersonmaybesubjecttobyreasonofitsactivitiesonbehalfoftheSchemeorinfurtheranceoftheinterestoftheSchemeorarisingotherwiseoutoforinconnectionwiththeconductofthebusinessoftheScheme,itscurrentorformerPortfolioCompanies,includingactingasadirectorofaPortfolioCompanyortheperformancebysuchIndemnifiedPersonofanyoftheresponsibilitiesundertheScheme,unlesssuchLossesresultedfromfraud,grossnegligenceandwilfulmisconductoftheIndemnifiedPersons,asdeterminedfinallybyacourtofcompetentjurisdiction.

8. VOTINGBYCONTRIBUTORS

11.2 IndemnifiedPersonswillnotbeliabletotheScheme,theContributors,oranyoftheirAffiliatesforanyactoromission,performedoromittedtobeperformedpursuanttothetermsofthisContributionAgreementandotherSchemeDocuments

11.7 TheprovisionsofthisClause11shallcontinuetoaffordprotectiontoeachIndemnifiedPersonregardlessofwhethersuchIndemnifiedPersonremainsinthepositionorcapacitypursuanttowhichsuchIndemnifiedPersonbecameentitledtoindemnificationunderthisClause11.

(e) EnforcementoftheDefaultingContributor'sobligationsthroughlegalactionsbroughtagainsttheDefaultingContributor;

11. INDEMNITYANDLIMITATIONOFLIABILITY

9. REPORTS

11.8 TheContributorherebyagreestoindemnifyandholdharmlessIndemnifiedPersonsduetoorarisingoutofanyinaccuracyorbreachofanyrepresentationand/orwarrantyoftheContributor,assetoutinClause4ofthisContributionAgreement.TheContributoragreesthatthisindemnificationobligationshallcontinuebeyondtheTermandsurvivetheterminationofthisAgreement

(g) Lossofright, ifany,ofnominationofitsrepresentativeonanyboardorcommitteeconstitutedbytheInvestmentManager ,andremovalofitsthenrepresentative,ifany,fromanyboardorcommitteeconstitutedbytheInvestmentManager;

9.3 TheprovisionofanyreportsandinformationtoContributorsissubjecttothereceiptbytheSchemefromthirdpartiesincludingPortfolioCompaniesofanyinformationneededtopreparesuchreportsandtoanyconfidentialityobligationstowhichtheScheme,TrusteeortheInvestmentManagermaybesubject.

9.1 TheInvestmentManagershallfilesuchreportsasmaybedemandedbySEBIorasrequiredundertheAIFRegulationsfromtimetotimewithregardtotheactivitiescarriedonbytheScheme.

Nodelayinexercisingoromissiontoexerciseanyright,powerorremedyaccruingtoanyofthepartiesuponanydefaultunderthisAgreement,orundertheIndenture(asmodifiedfromtimetotime)shallimpairanysuchright,powerorremedyorshallbeconstruedtobeawaiverthereoforanyacquiescenceinsuchdefault,norshalltheactionorinactionoftheconcernedpartiesinrespectofanyacquiescencebyitinanydefault,affectorimpairanyright,powerorremedyoftheconcernedpartyinrespectofanyotherdefault.

11.5 TheInvestmentManagermaycausetheSchemetoobtainappropriateinsurancepoliciestoprovidefortheindemnificationtotheIndemnifiedPerson.AnypremiumorothercostsincurredinrelationtothetakingormaintenanceofsuchinsurancepoliciesshallconstitutepartoftheSchemeExpenses.SatisfactionofindemnificationobligationsunderthisClause11,shallfirstbesatisfiedfromanyapplicableinsuranceproceeds,ifany,andthen,ifrequired,fromtheScheme'sassets,includingCapitalContributions.

11.3 The satisfaction of any indemnification shall be from, and limited to, the Scheme's assets and no Contributor shall have any obligation tomake CapitalContributionstofunditsshareofanyindemnificationobligationsinexcessoftheirunfundedCapitalCommitment.However,theTrusteeortheInvestmentManagermayrequireaContributortoreturnanydistributionsmadetosuchContributorforthepurposeofmeetingsuchContributor'sproratashareofanySchemeobligationsorliabilities(includinganyindemnificationobligations),inamannerprovidedintheSchemeDocuments.

8.2 EachUnitheldbytheContributorsshallcarrytherightto1(one)voteperUnitonanymatterwhereContributorshavearightofapproval,voteorconsent.

(a) AcceptanceofdelayedpaymentofCapitalContributionwithinterestatsuchrateasmaybedeterminedbytheInvestmentManagerwhichshallnotexceed18%(eighteenpercent)perannumasdeterminedbytheInvestmentManager.IncaseofacceptanceofdelayedpaymentoftheCapitalContributionspertheforegoing sentence, the fullypaidupUnits in relation to theDefaultedPortionwillbe issuedandallotted to theDefaultingContributorsatNAVasdeterminedbytheInvestmentManagerandcommunicatedtotheDefaultingContributor;

expensesoftheScheme.Further,alldistributionsmadetothecontributorsduringtheCommitmentPeriodwillbeavailableforrecallforfutureinvestmentsandexpensesoftheScheme.

11.6 IftheInvestmentManagerdeterminesinitssolediscretionthatitisappropriateornecessarytodoso,theInvestmentManagermayestablishreasonablereserves,escrowaccountsorsimilaraccountstofundobligationsunderthisClause11.

10. WAIVERNOTTOIMPAIRRIGHTS

11.4 TherightofanyIndemnifiedPersontotheindemnificationprovidedhereinshallbecumulativeof,andinadditionto,anyandallrightstowhichsuchIndemnifiedPersonmayotherwisebeentitledbycontractorasamatterof laworequityandshallextend tosuch IndemnifiedPerson'ssuccessors,assignsand legalrepresentatives.

12.1 PaymentofCapitalContributionswhendueisoftheessence,andanydefaultbyaContributorinthepaymentthereofwouldcauseinjurytotheSchemeandtotheothernon-defaultingContributors.IfanyContributorfailsto:(i)contributeanyportionofitsCapitalCommitmentpursuanttoaDrawdownNotice,bytheDrawdownDueDate;or(ii)commitsabreachofanyrepresentationandwarranties(“Default”),theInvestmentManagermaydeclaresuchContributortobeindefault(“DefaultingContributor”)(suchportionofCapitalContributionnotbeingcontributedbytheDefaultingContributorbeingthe“DefaultedPortion”)andSchemehastherighttoenforceagainsttheDefaultingContributor,anyorallofthefollowingactions:

(f) Forfeiture,withorwithoutcompensation,ofUnitsatdiscretionoftheInvestmentManager,thenheldbysuchDefaultingContributor,thecompensationbeingdeterminedbytheInvestmentManager,interalia,consideringtheilliquiditydiscountforunderlyingunits,lossofManagementExpensesonthedefaultcontributionandtheexpensesalreadyincurred/accruedbytheScheme/InvestmentManager;

(h) ADefaultingContributormayalsoberequiredtosellitsinterestinSchemetootherexistingContributorsinSchemeortoathirdpartyatitscostsoranotherpricedeterminedbytheInvestmentManager.Anyamountsavailablefromsuchsale(aftersettlingduesoftheDefaultingContributortogetherwithinterestspecifiedabove)shallbecreditedtotheaccountoftheDefaultingContributor;and

(I) Permit the Defaulting Contributor to remain invested in Scheme, by reducing such Defaulting Contributor's Capital Commitment to the amountscontributeduntilsuchdate,afterimposinganyconditionsordamages,asInvestmentManagermaydeemfit,interalia,consideringthecompensationmentionedinsub-paragraph(f)above

Itbeingclarifiedthattheinterestmentionedinsub-paragraph(a)abovewillbechargedtillsettlementundersub-paragraph(a)to(I)above.

12.2 AnyexerciseofanyornoneoftheremediessetoutabovewillnotprejudicetherightoftheInvestmentManagertopursueanyotheravailablelegalremediesagainsttheDefaultingContributor.NotwithstandinganyoftheactionstakenbytheInvestmentManageragainstaDefaultingContributor,theDefaulting

(c) ForfeitureinpartorfullatthediscretionoftheInvestmentManager,ofentitlementtoparticipateinfuturedistributionstoUnitholdersthatitotherwisewouldhavereceived;

(d) TheInvestmentManagermaysuspendorterminatetherightoftheDefaultingContributortoreceiveanydistributionsthatitwouldhaveotherwisereceivedfromtheCapitalContributionsmadebeforetheDefault;

(b) LossofanyvotingrightsonunforfeitedUnits;

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12.4 TheInvestmentManagermayrequireallofthenon-DefaultingContributorstoincreasetheirCapitalContributionsbywayofaDrawdownofanaggregateamountequaltotheDefaultedPortion.Itbeingclarifiedthatinnoeventwillsuchnon-DefaultingContributorberequiredtofundamountsinexcessoftheirunfundedCapitalCommitments.

13. CONFLICTOFINTEREST

Ifthereisaconflictintheinterpretationand/orconsequencearisingfromtheinterpretationofexpressions,terms,phrasesordefinitionsamongsttheSchemeDocuments,theprovisionsoftheContributionAgreementexecutedbetweentheContributorandtheInvestmentManagerandtheTrusteeshallprevailandthetermsoftheotherSchemeDocumentsshallbe,interpretedtogiveeffecttothetermsofsuchContributionAgreement.

12.3 TheInvestmentManagerreservestherighttosetoffanyamountthat ispayablebytheDefaultingContributoragainstdistributionthat ispayabletosuchDefaultingContributorontheCapitalContributionmadepursuanttoClause2oftheContributionAgreement.

12.5 AtthediscretionoftheTrusteeortheInvestmentManager,aContributormayalsobedesignatedaDefaultingContributorandbesubjecttotheaforesaidconsequencesiftheContributorcommitsamaterialbreachofitsobligationstotheSchemeundertheSchemeDocumentsotherthantheobligationtopayCapitalCommitmentascalledundertheDrawdownNotice,ifthebreachremainsun-remediedfor30(thirty)daysafternoticeofthebreachhasbeengivenbytheSchemetotheContributorinbreach.

13.1 TheSponsor,Co-Sponsor,Trusteeand/ortheInvestmentManagerandtheirrespectiveAffiliatesare,ormaybe,engagedinabroadspectrumofactivities.TheremaybeinstancesandtransactionswheretheinterestsoftheSponsor,Co-Sponsor,Trusteeand/ortheInvestmentManagerandtheirrespectiveAffiliates'conflictswiththeinterestsoftheSchemeandtheContributor(“ConflictedTransactions”).TheSponsor,Co-Sponsor,Trusteeand/ortheInvestmentManager,asthecasemaybe,shallmakereasonablecommercialeffortstoensurethatsuchtransactionstakeplaceonanarm'slengthbasis;andsucheffortsmadebytheSponsor,Co-SponsorTrusteeand/ortheInvestmentManageringoodfaithshallbeadequateandreckonedassufficientcomplianceoftheirobligationsundertheSchemeDocuments.

13.2 TheContributorherebyconsentsthattheSchememayinvestinAssociatesfromtimetotimesubjecttoAIFRegulations.

14. OVERRIDINGEFFECT

15. GOVERNINGLAWANDDISPUTERESOLUTION

15.1 InvokingArbitration

ContributorshallremainliabletoSchemeinrelationto:(a)theDefaultedPortion;(b)anyotheramountsforwhichsuchDefaultingContributorisliabletoScheme;(c)expensesincurredbytheInvestmentManagerforenforcingdefaultprovisionshereinabove;and(d)anyotherexpensesincurredinrelationtoaDefault.

Intheeventofanydisputes,differences,controversiesorquestionsdirectlyorindirectlyarisingatanytimehereafterbetweenthepartiesortheirrespectiverepresentativesorpermittedassignsunder,outof,inconnectionwithorinrelationtothisAgreement(orthesubjectmatterofthisAgreement)including,withoutlimitation, alldisputes,differences, controversiesandquestions relating to thevalidity, interpretation, construction,performanceandenforcementof anyprovision of this Agreement, dispute, difference or contention arising between the Parties in relation to any of the provisions of this Agreement or theinterpretationhereof,orastorights,liabilitiesordutiesoftheParties(hereinafterreferredtoasa“Dispute”),thesameshallbe,inthefirstinstance,amicablysettledbetweenthePartiesthroughconsultationsbetweenseniorrepresentativeswithinaperiodof30(thirty)BusinessDaysofsuchdisputearising.Ifafter30(thirty)BusinessDaysofconsultation,betweentherepresentativesasaforesaid,thePartieshavefailedtoreachanamicablesettlement,onanyorallDisputesthenattherequestinwritingofanyPartytotheDisputethemattershallbereferredtoanarbitraltribunalcomprisingofasolearbitrator,appointedwiththeconsentofboththeParties,failingwhich,thearbitratorshallbeappointedinaccordancewiththeArbitrationandConciliationAct,1996,whosedecisioninrelationtoanysuchDisputewhichshallstatethereasonsforthedecisionandshallbefinalandbindingonthePartieshereto.

15.2 LanguageandVenueofArbitration

ThearbitrationproceedingsshallbeconductedintheEnglishlanguage.TheseatandvenueofthearbitrationshallbeinMumbai,India.

15.3 GoverningLawandJurisdiction

16.2 NotwithstandingClause16.1,noamendmenttothisAgreementshall:

(j) achangethatisnecessaryordesirableinconnectionwithaScheme'sInvestmentorpotentialInvestmenttoimplement(forregulatory,taxorsimilarreasonsonadviceofcounsel)analternativeinvestmentstructure;

(l) achangethatleadstoanyaccretiontooramplificationoftherightsoftheContributors;

(m) subjecttotheamendmentprovisionsoftheIndenture,toconformthisAgreementtoamendmentsorsupplementsmadetotheIndenture;

16. AMENDMENT

(b) asmayberequired,toimplementtransfersofUnitsinaccordancewiththetermsofthisAgreementandtheIndenture;

(c) asmayberequired,toimplementanyoftheprovisionsinrespectofDefaultingContributors;

(a) toenterintoagreementswithPersonsthataretransfereesofUnitspursuanttothetermsofthisAgreementandtheIndenture,providinginsubstancethatsuchtransfereesshallbeboundbythisAgreementandtheIndenture;

(h) achangethatis(i)ofaninconsequentialnature;or(ii)necessaryordesirabletosatisfyanyrequirements,conditionsorguidelinescontainedinanyopinion,directive,order,rulingorregulationofanygovernmentalagencyorregulatoryauthorityorcontainedinanystatute;

(d) achangeinthenameoftheSchemeorthelocationoftheprincipalplaceofactivityoftheScheme;

(k) achangetoaddtothedutiesorobligationsoftheScheme,theTrusteeortheInvestmentManager;

ThisAgreementshallbegovernedbyandconstruedandenforcedinaccordancewiththelawsofIndia,withoutregardtoitsprinciplesofconflictoflaws,andsubjecttothearbitrationagreementcontainedherein,thePartiesagreetosubmittotheexclusivejurisdictionofthecourtsinMumbai,India,alone.

(e) anassignment,substitutionorreplacementoftheTrusteeinaccordancewiththeIndenture;

(a) beeffectedwithouttheconsentofaContributor,suchthatit(i)increasestheCapitalCommitment,liabilitiesorobligationsorreducestherightsofsuchContributor; or (ii) adversely affects the rights, obligations or economic interests of suchContributor in amanner that discriminates against suchContributorvis-a-vistheotherContributors;andprovidedfurther,thatnoamendmentwhichwouldincreasetheCapitalContributionsrequiredtobemadebyanyContributorshallbeadoptedunlessalloftheContributorsareofferedanopportunitytoincreasetheirCapitalContributionsonaproratabasis,exceptasotherwisespecificallysetoutinthisAgreementand,fortheavoidanceofdoubt,shallnotapplytoasituationwhereContributorincreasesitsCapitalCommitmentpursuanttotheprovisionsoftheSchemeDocuments;and

16.3 NotwithstandingClause16.1,theTrusteeortheInvestmentManagermay,withouttheconsentofContributor,amend,waive,supplementormodifyanyprovisionofthisAgreement(unlesssuchamendmentorwaiverwouldhaveamaterialadverseeffectontheContributors)toreflect:

(f) ChangeinSponsor,Co-Sponsor/InvestmentManagerduetointernalrestructuringwithinthegroup,notamountingtochangeofcontrol;

(n) achangethatbenefitsanyContributor(s)ofaparticularClassofUnitsandisnotdetrimentaltoanyotherContributor;however,theTrusteeandInvestmentManagershallnotmakeanyamendmentwhichshallaltertherightsoftheexistingContributor(s)ofanyparticularClassofUnits;

(I) achangeinanyprovisionofthisAgreementthatrequiresanyactiontobetakenbyoronbehalfoftheSchemepursuanttotherequirementsofanyApplicableLawsiftheprovisionsofthesameareamended,modifiedorrevokedsothatthetakingofsuchactionisnolongerrequired;

(b) altertheinterestofContributorinincome,gainsorlossesoramendormodifyanyportionofthisAgreement,withouttheconsentofcontributorsadverselyaffectedbysuchamendmentormodification.

(g) thesubstitution,transfer,orwithdrawalofContributororachangeintheCapitalCommitmentofanyContributororanyrestatement,clarificationorconsolidationoftheBeneficialInterestoftheContributorsinaccordancewiththeIndentureandthisAgreement;

(o) astheTrusteeortheInvestmentManagerdeterminesingoodfaithtobeadvisable,inconnectionwiththelegal,tax,regulatory,accountingorothersimilarissuesaffectingoneormoreUnitholders;and

16.1 SubjecttoClause16.2,Clause16.3andClause16.4,thisAgreementshallnotbeamended,supplementedorwaivedwithoutanexecutionofanamendmentdocumentbytheTrusteeandtheInvestmentManagerwiththeconsentofContributorasrequiredunderAIFRegulations.

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17.1.2 IntheeventthataContributor(oranyonetowhomsuchContributorhastransmittedsuchinformation)becomeslegallyrequired(orreasonablydeterminesthatitislegallyrequired)todiscloseanysuchinformation,suchContributorshallpromptlynotifytheInvestmentManagerinwritingofsuchrequirementpriortoanysuchdisclosuresothattheSchemeortheInvestmentManagermayseekaprotectiveorderorotherappropriateremedy.Intheeventthatsuchprotectiveorderorotherremedyisnotobtained,orthattheSchemeortheInvestmentManagerwaivescompliancewiththeprovisionsofthisClause17,suchContributormaydisclosesuchinformationasitislegallyrequiredtodisclose(orthatitreasonablydeterminesitislegallyrequiredtodisclose),andsuchContributoragreestouseitsbesteffortstoobtainassurancethatconfidentialtreatmentshallbeaccordedtotheinformationsodisclosed.NotwithstandinganyotherprovisionofthisAgreement,theInvestmentManagershallhavetherighttokeepconfidentialfromContributorsforsuchperiodoftimeastheInvestmentManagerdeterminesisreasonable(a)anyinformationthattheInvestmentManagerreasonablybelievestobeinthenatureoftradesecrets;and(b)anyotherinformation(i)thedisclosureofwhichtheInvestmentManageringoodfaithbelievesisnotinthebestinterestoftheSchemeorcoulddamagetheSchemeoritsInvestments,or(ii)thattheInvestmentManagerortheTrusteeisrequiredbylaworbyagreementwithathirdPersontokeepconfidential.TheSchemeortheInvestmentManagermaydiscloseanyinformationconcerningtheSchemeortheContributorsnecessarytocomplywithApplicableLawsandregulations,includinganyanti-moneylaunderingoranti-terroristlawsorregulations,andtosuchotherPersonsandinsuchothercircumstancesastheSchemedeemsnecessaryorappropriateinfurtheranceofthepurposesoftheScheme,andeachContributorshallprovidetheScheme,promptlyuponrequest,allinformationthattheInvestmentManagerreasonablydeemsnecessarytocomplywithsuchlawsandregulations.

(q) Anyothermatterancillaryorincidentaltoaforesaidmatters.

(p) anamendmenttocureanyambiguityordefectorcorrectorsupplementanyprovisionsofthisAgreementwhichmaybeinconsistentwithanyotherprovisionoftheIndentureoroftheotherSchemeDocumentsorofanyrequirementoflaw,orcorrectanyprinting,stenographicorclericalerrorsoromissions.

17. CONFIDENTIALITY

17.1 ConfidentialitywithrespecttotheScheme

17.1.1 EachContributorshallkeepconfidentialandshallnotdisclosewithoutthepriorwrittenconsentoftheInvestmentManageranyinformationwithrespecttotheScheme,theInvestmentManager,theTrustee,PortfolioCompanies,anyInvestmentoranyoftheirAffiliates,providedthataContributormaydiscloseanysuchinformation(a)ashasbecomegenerallyavailabletothepublicotherthanasaresultofthebreachofthisClause17bysuchContributororanyagentorAffiliateofsuchContributor;(b)asmayberequiredtobeincludedinanyreport,submission,application,statementortestimonyrequiredtobesubmittedornecessary,toanymunicipal,stateornationalregulatoryorgovernmentalbodyorauthorityhavingjurisdictionoversuchContributor;(c)asmayberequiredinresponsetoanysummonsorsubpoenaorinconnectionwithanylitigation;(d)totheextentnecessarytocomplywithanylaw,order,regulation,directionorruling(includingthoseofanyrelevantstockexchange)applicabletosuchContributor;(e)toitsemployeesandprofessionaladvisors(includingsuchContributor'sauditorsandcounsel),solongassuchPersonsareadvisedofthecon�identialityobligationscontainedinthisAgreementandareboundbysimilarcon�identialityrestrictions;and(f)asmayberequiredinconnectionwithanauditbyanytaxingauthority.

16.4 WithinareasonableperiodafteranychangeoramendmentorwaiverinaccordancewithClause16.3,theTrusteeortheInvestmentManagershallsendawrittennoticetotheContributordescribingsuchchangeoramendmentorwaiverinreasonabledetail.

19. SEVERABILITY

17.1.3 NotwithstandingtheprovisionsofthisClause17,theSchemeagreesthattheContributormayprovideinformation,includingconfidential,proprietary,tradesecretandothersensitiveinformation,toitsdirectorindirectinterestholders,providedthatsuchinterestholdersshallmaintaintheconfidentialityoftheforegoinginformationpursuanttoconfidentialityprovisionsthataresubstantiallysimilartotheprovisionsofthisClause17.

ExceptasotherwisestatedinthisAgreement,noprovisionofthisAgreementisintendedto,orshall,conferanythirdpartybeneficiaryorotherrightsorremediesuponanypersonotherthanthePartieshereto;norimposeanyobligationsonthepartofthePartiestothisAgreementtowardsanythirdpartiesexceptassetoutintheSchemeDocuments.

17.1.4 AnyobligationofaContributorpursuanttothisClause17maybewaivedbytheInvestmentManagerinitssolediscretion.

TerminationofthisAgreementshallnotaffectthoseprovisionshereofthatbytheirnatureareintendedtosurvivesuchtermination,includingbutnotlimitedClause4(RepresentationandWarranties),Clause15(GoverningLawandDisputeResolution)Clause17(Confidentiality),Clause5(Contributor'sGiveback)andClause11(IndemnityandLimitationofLiability).

21. ASSIGNMENT

20. NOTHIRDPARTYRIGHTS

18. SURVIVAL

Nothing in thisAgreement shall constitute or bedeemed to constitute a partnership or agency or associationof personsor joint venturebetween theContributor,ononehand,and,theInvestmentManagerandTrustee,ontheother,andnoneofthemshallhaveanyauthoritytobindtheotherinanyway.

IfanyprovisionorpartthereofofthisAgreementisheldtobevoidorbecomesvoidorunenforceableatanytime,thentherestofthetermsofthisAgreementshallbegiveneffecttoasifsuchprovisionorpartthereofdidnotexistinthisAgreement.ThePartiesagreethatsuchaneventshallnotinanymanner,affectthevalidityandtheenforceabilityoftherestofthisAgreement.

22. PARTNERSHIPORAGENCY:

NotwithstandinganythingelsecontainedinthisAgreementortheSchemeDocuments,theTrusteeortheInvestmentManagermayassignthisAgreementortransferanyoftheirrightshereundertoathirdpartywhichmayincludeanAffiliateorgroupcompanyoftheInvestmentManagerorTrustee.Uponsuchassignmentortransfer,theassignee/transfereecompanyshallhavethesamerightsagainsttheContributorasprovidedtotheTrusteeortheInvestmentManagerunderthisAgreement.

4

4

4

4

4

4

1. TargetSize

ThetargetsizeoftheSchemewillbeuptoINR20,00,00,00,000(IndianRupeesTwentyHundredCroresOnly).

- Avoidvaluetrapsandshort-termfads

(a) ClassA1–Qualified InvestorsmakingaCapitalCommitmentof INR1,00,00,000(IndianRupeesOneCroreOnly)andabovebut less thanRs.

5,00,00,000(IndianRupeesFiveCrore).

2.Business

2.2 Notwithstandingtheabove,nomaterialchangewillbemadetotheInvestmentObjectiveandInvestmentStrategyoftheSchemewithouttheapprovalof2/3rd

(two-third)oftheContributorsinvalue.

- Valuationsnotthesoleinvestmentcriteria

(d) B1-QualifiedInvestorsmakingaCapitalCommitmentofINR1,00,00,000(IndianRupeesOneCroreOnly)andabovebutlessthanRs.5,00,00,000

(IndianRupeesFiveCrore).

2.1 TheSchemeendeavourstogeneratelongtermcapitalappreciationforContributorsbyinvestinginequityandequityrelatedsecurities,bothoflistedand

unlistedPortfolioCompanies.TheSchemeshallinvestinotherpermissiblesecuritiesinaccordancewithAIFRegulations.

3.2 HighConvictionFundwouldbefollowingamixoftop-down(macroanalysistoidentifysectors)andbottom-upapproach(microanalysistopickstockswithin

thesesectors),basedonthebelowinvestmentphilosophy:

- Offeringafavourablerisk-rewardratio

- Prudentcapitalallocation,inlinewithminorityshareholderinterest


- Avoidcompanieswithfrequentequitydilutions,excessleverageandunrelatedinvestments

5.2 Theinitialclosing(“InitialClosing”)oftheSchemeshallbemeanthedateoffirstclosingonwhichthecommitmentamountintheSchemereachesINR20

Crores(IndianRupeesTwentyCrore).Toclarify,theSchemeshallbeacceptingapplicationsduringtheentiredayontheInitialClosingdatebeyondINR20

Croresandabove.Finalclosing(“FinalClosing”)shallbeheldatadatenolaterthan18(eighteen)monthsfromtheInitialClosing,postwhichtheadmissionof

ContributorsintheSchemeshallnotbepermitted.TheInvestmentManagermayatitsdiscretionextendthedateofFinalClosing,providedthatthetenureofthe

scheme(ascalculatedfromtheoriginaldateofFinalClosing)remainsthesame.

3. InvestmentStrategy

(e) B2-QualifiedInvestorsmakingaCapitalCommitmentofINR5,00,00,000(IndianRupeesFiveCroreOnly)andabovebutlessthanRs.15,00,00,000

(IndianRupeesFifteenCrore).

5.1 TheSchememayhavemultipleClosings,asandwhensodeterminedbytheInvestmentManager.

(g) C1*-QualifiedInvestorsmakingaCapitalCommitmentofINR1,00,00,000(IndianRupeesOneCroreOnly)andabovebutlessthanRs.5,00,00,000

(IndianRupeesFiveCrore).

(h) C2*-QualifiedInvestorsmakingaCapitalCommitmentofINR5,00,00,000(IndianRupeesFiveCrore)andabovebutlessthanRs.15,00,00,000

(IndianRupeesFifteenCrore)Only.

(i) C3*-QualifiedInvestorsmakingaCapitalCommitmentofINR15,00,00,000(IndianRupeesFifteenCrore)andaboveormore

4.2 TheUnitsshallbefullypaidupUnitsatfacevalueofINR10(IndianRupeesTenOnly)atInitialClosing.Thereafter,theUnitsshallbeallottedattheNetAsset

Value(NAV)perUnitcalculatedfortherespectiveclassofUnitattheonweeklybasis(everyThursdayornextworkingday,ifThursdayisholiday)onwhichthe

CapitalContributionisreceivedoronsuchotherdayasperdiscretionoftheInvestmentManager.

1.Industry/SectorPotential

2.3 AllInvestmentsmadeortobemadebytheSchemeshallbesubjecttotheinvestmentrestrictions,ifany,asspecifiedintheAIFRegulations.

3.Governance

• TheFundwouldalsoseektoinvestindebtandmoneymarketinstruments.

- Pricingpowerandbenigncompetitivelandscape

4.1 TheSchemeshallissuethefollowingclassesofUnits(eachatfacevalueofINR10(IndianRupeesten)):

(c) A3-QualifiedInvestorsmakingaCapitalCommitmentofINR15,00,00,000(IndianRupeesFifteenCrore)andaboveormore

2. InvestmentObjective

- Avoidsectorsvulnerabletoregulation,highcompetitiveintensity,technologicalchangesandshortgrowthcycles

- Avoidcompanieswithpoorfreecashflowsanddecliningmarketshare

- Companieswithcompetitiveadvantages,deliveringhigherROEsthanpeers

- Growingcompaniesscalableovertime

- Managementswithclearstrategiesongeneratingshareholdervalueoverlongterm

4.Valuations

3.1 TheinvestmentstrategyoftheFundwillbetoseeklongtermcapitalappreciation,byinvestinginequity,equityrelatedandotherpermissiblesecuritiesof

companies.Pendingdeployment,theSchememayinvestindebtandmoneymarketinstrumentsandotherpermissiblesecuritiesasperAIFRegulations.

4. Units

(b) A2-QualifiedInvestorsmakingaCapitalCommitmentofINR5,00,00,000(IndianRupeesFiveCrore)andabovebutlessthanRs.15,00,00,000

(IndianRupeesFifteenCrore)Only.

(f) B3-QualifiedInvestorsmakingaCapitalCommitmentofINR15,00,00,000(IndianRupeesFifteenCrore)andaboveormore

(l) S-Sponsor,Co-Sponsor,InvestmentManager,IIFLGroupCompaniesandemployeesofIIFLGroupCompaniesasperAIFRegulations.

*ClassC(includingitssubclasses)shallbeofferedonlytoinvestorsofpreferredchannelpartnersandthefollowingconditionsshallbemet: i)TheshareclassC1,C2andC3shallnotpayanyupfrontdistributionfee.Trailfeeshallbepaidtodistributorsoutofthemanagementexpense

chargedtotheScheme;

TheManagementExpenseshallbeuniformlychargedtoallClassesaspertheNetAssetValueamountoftherespectiveClassandparityincharging

expenseshallbeensuredwithinthesameClass.

(j) C4*-QualifiedInvestorsmakingaCapitalCommitmentofINR1,00,00,000(IndianRupeesOneCroreOnly)andaboveormore

(k) D-InvestmentManagerandanyofitsAffiliatesorsuchotheremployees,trustsorotherpersonsasdesignatedbytheInvestmentManager.

iii)Themanagementexpenseshallbeuniformlychargedtoallshareclassesaspertheinvestmentamountoftherespectiveshareclassandparityin

chargingexpenseshallbeensured.

5. Closings

6. Term

6.1 ThetermoftheSchemeshallbe10(ten)yearsfromthedateofFinalClosing(“Term”).TheTermmaybeextendedbyupto2(Two)years(2(Two)extensionsof1

(One)yeareach)withtheconsentof2/3rd(Two-third)oftheContributorsinvalue

24

SCHEDULE 1 - ADDITIONAL KEY TERMS

25


d. IfSEBIsodirectsintheinterestoftheContributors;

(f) “ClassB3DistributableProceeds”shallmeantheInvestmentProceedssoallocatedtoparticipatingClassB3Investors;

a. SuperMajorityofContributorsoftheSchemeelectingtocommencethewindingupoftheSchemeaspertheAIFRegulations;

10. Diversification&InvestmentLimitations

8. Follow-onInvestments

10.1 TheSchemewillbesubjecttothediversificationandinvestmentrestrictionsasprovidedintheAIFRegulationsformakingPortfolioInvestments.

6.2 TheSchememaybeterminatedorextendedinaccordancewiththeAIFRegulationsorotherwiseontheoccurrenceofthefollowingevents:

e. ThedeterminationbytheInvestmentManageringoodfaiththatsuchearlierdissolutionorwindingupisnecessaryduetochangesinApplicable

LawsthatmayhaveamateriallyadverseeffectontheScheme;or

6.3 TheInvestmentManagerwillmakebesteffortsto liquidatethePortfolioInvestmentsuponterminationoftheScheme(asapplicable). If theInvestment

ManagerisunabletoliquidatealloftheInvestmentsandrealizecashproceedsoutofsuchdisposition,theInvestmentManagermaydistributeallun-liquidated

InvestmentsinspecieamongsttheContributorsinthemannerstatedinSchemeDocumentsandonsuchtermsandconditions,astheInvestmentManagermay,

initssolediscretiondeemappropriatesubjecttoAIFRegulations.TheInvestmentManagerreservestherighttoreducetheTermoftheScheme,subjecttothe

AIFRegulations.

7.1 TheperiodduringwhichCapitalContributionsmaybecommittedorreservedforthepurposeofmakingPortfolioInvestmentscommencingonthedateofthe

FinalClosingforperiodof18(Eighteen)monthsfurtherextendableatthediscretionofInvestmentManager.

c. ThedeterminationbytheInvestmentManagerandSuperMajorityoftheContributorsthatwindingupanddissolutionwouldbeinthebestinterest

oftheContributors;

b. AftertheendoftheCommitmentPeriodandthedispositionofallInvestmentsoftheScheme;

(a) coverexpenses,liabilitiesandobligationsoftheScheme,includingbutnotlimitedtoManagementExpense,AdministrationExpenses,stampduty

costinrespectofenforcementofthisAgreement,anytaxliability,indemnificationobligationsetc;

f. AtanytimewhenthereisnoContributorintheScheme.

7.2 AttheendoftheCommitmentPeriod,exceptasprovidedherein,noDrawdownshallbemadebytheInvestmentManagerfromtheContributorandthe

remainingunfundedCapitalCommitmentsshallstandcancelled,excepttotheextentnecessaryto:

(c) fundanyFollow-oninvestments,exerciseofwarrantsetc.bytheSchemeinexistinginvestmentsoftheScheme;and

(d) providereserves,subjecttoamaximumof20%(twentypercent)oftheaggregateCapitalCommitmentoftheScheme,fortheaboveitemsand

contingentliabilitiesoftheSchemeatthediscretionoftheInvestmentManager.

TheSchememaymakeFollow-onInvestmentsinanyoftheexistingPortfolioCompanyoritsAffiliates,providedalwaysthatsuchFollow-onInvestmentsshall

notviolatethediversificationlimitsprescribedundertheAIFRegulations.

(b) completeinvestmentsinprogressasoftheendoftheCommitmentPeriod;

TheInvestmentManagermayexcuseaContributorfromparticipatinginallorpartofaninvestmentif,byparticipating,therewouldbeaviolationoflaw

applicabletotheContributor(beforebeingexcused,aContributorwillberequiredtoprovideanopinionofalegaladvisorexplainingthereasonsforthe

ContributorseekingtobeexcusedandconfirmingthattheContributorwouldviolateanapplicablelawbyparticipatingintherelevantinvestment).The

unfundedCapitalCommitmentofanexcusedorexcludedContributorwillnotbereducedasaresultofanyexcuseorexclusion.TheInvestmentManagermay

issuetothenon-excusedContributorsnewcallsforfurtherCapitalContributionstotheextentoftheunfundedCapitalCommitments,tocoverexcusedor

excludedamounts.

10.2 IIFLAssetManagementLimited(InvestmentManager)andIIFLHoldingsLimited(Sponsor)arenotIndianownedandcontrolled,asperForeignExchange

Management(TransferorIssueofSecuritybyaPersonResidentoutsideIndia)Regulations,2000.

7. CommitmentPeriod

11.1 Anamountequaltoapre-taxpostexpensesinternalrateofreturnof12%(Twelvepercent)perannum(onCAGRbasis)onthenetCapitalContributionsfromthe

dateofallotmentuntilthedateofdistribution,whichisapplicableonlyforClassB1,B2andB3Unitholders.

10.3 Accordingly,pursuanttoSchedule8ofFEMA20,downstreaminvestmentbytheSchemewillbereckonedasforeigninvestmentandwillhavetoconformtothe

sectoralcapsandconditions/restrictions,ifany,asapplicabletothecompanyinwhichthedownstreaminvestmentismade,asprescribedunderConsolidated

ForeignDirectInvestmentPolicy2015,pressnotesissuedthereafterandotherapplicableregulations/policiesissuedfromtimetotime.

11.2 Itisclarifiedthatthisisanentitlementfordistributionpurposesonly.Thisisnotanentitlementtoanyabsoluteorguaranteedamountandisnotapplicablein

casethedistributablesurplusamountsareinsufficienttocoverthesame.

12. DistributionWaterfall

12.1 Scheme (togetherwith the establishment of reserves therefore) andManagement Expenses payable or aftermaking a provision for any unpaid debt,

unamortised prepaid expenses attributable to assets under management being distributed interest, taxes, estimated taxes, all costs and expenses as

attributabletoeachClassofUnits.

9. ExcuseandExclusion

11. HurdleRate

12.2 TheDistributableProceedsshallfirstbeallocatedbetweentheholdersofClassA1Units,ClassA2Units,ClassA3Units,ClassB1Units,ClassB2Units,ClassB3

Units,ClassC1Units,ClassC2Units,ClassC3Units,ClassC4Units,ClassDUnitsandClassSUnitsinproportiontotheirrespectiveCapitalContributions;and

(a) “ClassA1DistributableProceeds”shallmeantheInvestmentProceedssoallocatedtoparticipatingClassA1Investors;

(b) “ClassA2DistributableProceeds”shallmeantheInvestmentProceedssoallocatedtoparticipatingClassA2Investors;

ForthispurposeofthisClausetermCAGRstandsfor"compoundedannualgrowthrate”.

(c) “ClassA3DistributableProceeds”shallmeantheInvestmentProceedssoallocatedtoparticipatingClassA3Investors;

(d) “ClassB1DistributableProceeds”shallmeantheInvestmentProceedssoallocatedtoparticipatingClassB1Investors;

Eachoftheeventaboveshallresultin“Termination”oftheScheme.

(e) “ClassB2DistributableProceeds”shallmeantheInvestmentProceedssoallocatedtoparticipatingClassB2Investors;

(h) “ClassC2DistributableProceeds”shallmeantheInvestmentProceedssoallocatedtoparticipatingClassC2Investors;

AllClassA1,ClassA2,andClassA3DistributableProceedsshallbedistributedtorespectiveClassA1,ClassA2andClassA3Unitholdersintheratiooftheir

CapitalContributionsintherespectiveClass.

12.4 DistributionofClassB1,ClassB2andClassB3DistributableProceeds:

(a) CapitalAmount:First,100%(Onehundredpercent)totheholdersofeachClassB1,B2&B3UnitsproratatothenumberofUnitsheldbythemin

respectiveClassuntilsuchContributorhasreceived100%(Onehundredpercent)ofCapitalContribution;

(j) “ClassC4DistributableProceeds”shallmeantheInvestmentProceedssoallocatedtoparticipatingClassC4Investors;

(i) “ClassC3DistributableProceeds”shallmeantheInvestmentProceedssoallocatedtoparticipatingClassC3Investors;

12.3 DistributionofClassA1,ClassA2andClassA3DistributableProceeds:

(k) “ClassDDistributableProceeds”shallmeantheInvestmentProceedssoallocatedtoparticipatingClassDInvestors;

(g) “ClassC1DistributableProceeds”shallmeantheInvestmentProceedssoallocatedtoparticipatingClassC1Investors;

(l) “ClassSDistributableProceeds”shallmeantheInvestmentProceedssoallocatedtoparticipatingClassSInvestors.

26


I. TheDistributionWaterfallforClassSUnitsshallbeassetoutbelow:

13.2 Fairvalue'oftheScheme'sInvestmentsshallbebasedon(i)valuationtobeconductedbyanindependentvaluerasandwhennecessaryandaspertheAIF

Regulations,duringtheCommitmentPeriod;or(ii)internalestimatesbasedonInvestmentManager'scalculationofaccruedreturnsontheInvestmentand

discountedcashflows,asapplicable.

(b) HurdleRate:Second,100%(Onehundredpercent)toeachClassB1,B2,B3UnitholdersproratatothenumberofUnitsheldbythemuntilsuch

ContributorhasreceivedacumulativeamountequaltotheHurdleRate;

12.5 DistributionofClassC1,ClassC2,ClassC3andClassC4DistributableProceeds:

2. Thereafter,allDistributableProceedsshallbedistributedtoClassSUnitholdersproratatothenumberofUnitsheldbythem.

(c) Split:Thereafter,85%(eightyfivepercent)toeachClassB1,B2&B3UnitholdersproratatothenumberofUnitsheldbythemand15%(FifteenPer

Cent)totheholdersofClassDUnitsproratatothenumberofUnitsheldbythem.

1. First,100%(Onehundredpercent)toeachClassSUnitholderproratatothenumberofUnitsheldbythemuntilsuchClassSUnitholdershave

receivedanamountequalto100%(Onehundredpercent)ofsuchContributorsrespectiveCapitalContribution;

2. Thereafter,CarryEntitlementdistributionsasper(a)(iii)above.

13.1 SubjecttotheAIFRegulations,thenetassetvalue(“NAV”)perUnitforeachclassofUnitshallbecalculatedinthemannersetoutbelow:

NAV = 'Fair value' of the Scheme's Investments + current assets – current liabilities and provisions (including accrued expenses and tax

provisions)/numberofoutstandingUnits.‘

ii. DistributionWaterfallforClassDUnitsshallbeassetoutbelow:

14.1 The Scheme shall borrow or engage in leverage in accordance with Applicable Laws (including AIF Regulations). The Scheme may invest in equity derivatives, amongst other things for purposes of hedging and portfolio balancing, as may be permitted under the AIF Regulations from time to time. However, leverage shall not exceed 2 (two) times of the NAV of the Scheme and will be subject to prudential requirements as prescribed by SEBI from time to time.

DistributableProceedsallocatedtoClassSUnitholdersshallbeallocatedanddistributedamongsttheholdersoftheClassSUnitsproratatotheUnitsheldby

them.However,totheextentrequiredundertheAIFRegulations,theDistributableProceedsallocatedtoClassSUnitholdersmay,attheelectionoftheClassS

UnitholdersDistributableProceedsallocatedtoClassSUnitholdersshallbeallocatedanddistributedamongsttheholdersoftheClassSUnitsproratatothe

Unitsheldbythem.However,totheextentrequiredundertheAIFRegulations,theDistributableProceedsallocatedtoClassSUnitholdersmay,attheelectionof

theClassSUnitholderstocomplywithanyapplicableprovisionsoftheAIFRegulationsinrespectofasponsorinvestment,bewithheldbytheScheme.Anysuch

amountthatareallocatedbutnotdistributedshallbeheldfortheexclusivebenefitoftheClassSUnitholdersandshallbedistributedattheelectionoftheClassS

Unitholders.AnyaccretionstosuchwithheldDistributableProceedsshallbeheldforthebenefitoftheClassSUnitholdersanddistributedalongwiththeinitial

withheldamountinaccordancewiththeprecedingsentence.ClassSUnitholdersmayelectforanysuchamounttoaccruetoandbedistributedtoother

Unitholders,subjecttoarighttoreceivesuchamountattheliquidationoftheScheme,inprioritytootherUnitholders.

1. First,100%(Onehundredpercent)toeachClassDUnitholdersproratatothenumberofUnitsheldbythemuntilsuchClassDUnitholdershave

receivedanamountequalto100%(Onehundredpercent)ofsuchContributorsrespectiveCapitalContribution;

TheamountdistributedtoClassDUnitholderspursuanttoClassDUnitholdersunderII(c)aboveshallbetermedas“CarryEntitlement”.

AllClassC1,ClassC2,ClassC3andClassC4DistributableProceedsshallbedistributedtorespectiveClassC1,ClassC2,ClassC3andClassC4Unitholdersinthe

ratiooftheirCapitalContributionsintherespectiveClass.

SubjecttoAIFRegulations,uponterminationoftheScheme,theSchemewillseektomakedistributionsincash,butwherenotpracticable,theInvestment

ManagermayontermsthattheInvestmentManagerconsidersreasonableatitsolediscretion,mayalsomakedistributionsofsecuritiesorotherassetsofthe

Scheme(in-kind).Wheredistributionsin-kindaremade,therecipientsofsuchdistributionmaybeboundbyanyagreementpreviouslyenteredintobythe

SchemerelatingtosuchPortfolioInvestments.TheTrusteeshallcausetheInvestmentManager,forandonbehalfoftheContributors,topayapplicabletaxes(if

any)onsuchdistributionsmadebytheScheme.Thein-kinddistributionsmadebytheSchemewillbeinthesamemannerasprovidedhereinabove,subjectto

theAIFRegulations.

13. NetAssetValue(“NAV')/ValuationProcedure

14. Borrowing

FEESCHEDULE

TheSchemeshallchargeManagementExpense,payabletoInvestmentManagerasapercentageofthedailyNetAssetValueoftherespectiveclassesoftheSchemeinaccordancewiththetablesetoutbelow:

i)TheshareclassC1,C2andC3shallnotpayanyupfrontdistributionfee.TrailfeeshallbepaidtodistributorsoutofthemanagementexpensechargedtotheScheme;

*ClassC(includingitssubclasses)shallbeofferedonlytoinvestorsofpreferredchannelpartnersandthefollowingconditionsshallbemet:


TheManagementExpenseswillbeaccruedondailyNetAssetValue.TheInvestmentManagerwillchargeitsmanagementexpense,onquarterlybasisorsuchotherperiodicityatthediscretionoftheInvestmentManager.

iii)Themanagementexpenseshallbeuniformlychargedtoallshareclassesaspertheinvestmentamountoftherespectiveshareclassandparityinchargingexpenseshallbeensured.TheManagementExpenseshallbeuniformlychargedtoallClassesaspertheNetAssetValueamountoftherespectiveClassandparityinchargingexpenseshallbeensuredwithinthesameClass.

TheManagementExpenseshallbeexclusiveofGoodsandServicesTaxe(“GST”).

ManagementExpense

SCHEDULE 2

27

Class

A1

A2

ManagementExpense

Upto2.50%

Upto2.10%p.a

CapitalCommitment

Quali�ied InvestorsmakingaCapitalCommitmentof INR1,00,00,000(IndianRupeesOneCrore)andabovebutlessthanRs.5,00,00,000(IndianRupeesFiveCrore).

Quali�ied InvestorsmakingaCapitalCommitmentof INR5,00,00,000(IndianRupeesFiveCrore)andabovebutlessthanRs.15,00,00,000(IndianRupeesFifteenCrore)

A3

B1

B2

B3

Upto1.75%p.a.

Upto1.75%p.a.

Upto1.40%p.a.

Upto1.10%p.a.

Quali�iedInvestorsmakingaCapitalCommitmentofINR15,00,00,000(IndianRupeesFifteenCrore)andaboveormore.

Quali�ied InvestorsmakingaCapitalCommitmentof INR5,00,00,000(IndianRupeesFiveCrore)andabovebutlessthanRs.15,00,00,000(IndianRupeesFifteenCrore).

Quali�iedInvestorsmakingaCapitalCommitmentofINR15,00,00,000(IndianRupeesFifteenCrore)andaboveormore

C1* Upto2.50%p.a.Quali�ied Investorsmaking Capital Commitment of INR 10,00,00,000 (Indian Rupees TenCrore)andabovebutlessthanRs.5,00,00,000(IndianRupeesFiveCrore).

C2* Upto2.10%p.a.Quali�ied InvestorsmakingaCapitalCommitmentof INR5,00,00,000(IndianRupeesFiveCrore)andabovebutlessthanRs.15,00,00,000(IndianRupeesFifteenCrore).

C3* Upto1.75%p.a.Quali�iedInvestorsmakingaCapitalCommitmentofINR15,00,00,000(IndianRupeesFifteenCrore)andaboveormore

C4* Upto0.90%p.a.Quali�ied Investors making Capital Commitment of INR 1,00,00,000 (Indian Rupees OneCrore)andaboveormore

D NILInvestmentManagerandanyofitsaf�iliatesorsuchotheremployees,trustsorotherpersonsasdesignatedbytheInvestmentManager.

S 0.10%p.aSponsor, Co-Sponsor, Investment Manager, IIFL Group Companies and Employees of IIFLGroupasperAIFRegulations

SchemeIncorporationExpense

TheSchemeincorporationexpenseswithrespecttotheContributorshallbechargeableatthediscretionoftheInvestmentManagerandshallbeexclusiveofGST.

ThereSchemeIncorporationExpensewillnotbeapplicabletoClassS.

Shareclass %ofAggregateCapitalCommitment

ClassA(includingitssubclasses) Upto2.00%ofAggregatecapitalcommitment

ClassB(includingitssubclasses) Upto2.00%ofAggregatecapitalcommitment

ClassC(includingitssubclasses) Upto2.00%ofAggregatecapitalcommitment

AdministrationExpenses

TheAdministrationExpensesoftheSchemeshallnotexceed0.15%perannumondailyNetAssetValue(“AdministrationExpense”).TheManagementExpenseandAdministrationExpensewillbeaccruedondailyNetAssetValue.TheInvestmentManagerwillchargeitsManagementExpenseandreimbursementofAdministrationExpenses,onaquarterlybasisorsuchotherperiodicityasdeterminedatthediscretionoftheInvestmentManager.TheAdministrationExpensesshallbeincludebutnotlimitedtoexepnsessuchas(i)trusteeshipfees; (ii)auditfees;(iii)chargesforregistrarservices,custodian&fundaccountantservicesanddepositorycharges,ifany;(iv)costrelatedtoinvestorcommunications,printing,stationaryanddispatch;(v)costoffundtransferfromlocationtolocation;(vi)costofprovidingaccountstatementsanddividend redemption cheques and warrants; (vii) banking charges; (viii) cost of providing account statements and dividendredemptionchequesandwarrantsand(ix)GSTontheaforementionedAdministrativeExpenses.InvestmentManagerreserves theright tochargeManagementExpense/AdministrationExpense less thanwhat isstatedabove.However,itwillremainuniformforalltheContributorsinaparticularclass.

Crore)andabovebutlessthanRs.5,00,00,000(IndianRupeesFiveCrore).Quali�ied Investors making a Capital Commitment of INR 1,00,00,000 (Indian Rupees One

SCHEDULE 2

28

Upto0.10%oftransactionvalueexclusiveofGST

ForExample,withAssetUnderManagement(AUM)ofRs.1000Crore,theSchemeisdistributingRs.200Crore,constituting20%ofAUM.Onthedateofdistribution,theSchemehasprepaidexpenseofRs.5croretobeamortizedovertheremainingtenureoftheScheme,consideringthereisnodistributionofAUM.AstheAUMoftheschemewillfallonaccountofdistribution,theSchemewillnotbeabletoamortizetheproportionatepre-paidexpenses(i.e.Rs.1Crore,calculatedas20%of5crore)andaccordinglythesaidunamortizedexpensewillbedeductedfromthedistributionamount.

Brokerage

Illustration

(d) Interestonandfees,costsandexpenses(includingprofessionalfees)arisingoutofall�inancingtransactionsenteredintobytheSchemeincluding,butnotlimitedto,thoseoflenders,investmentbanksandother�inancingsources;

TheSchemeshallbearandbechargedwiththeallfees,costs,expenses,liabilitiesandobligationsrelatingtotheScheme'sactivities,investments and business in addition toAdministrative Expenses, Scheme Incorporation Expenses, Brokerage andManagementExpenses(the“SchemeExpenses”),includingthefollowingcostsandexpensesoftheScheme:

(h) CostsandexpensesoftheInvestmentManagerincurredinprovidingassistancetoasuccessorinvestmentmanager;

(f) Allcostsandexpensesincurredinconnectionwiththeformation,windingupanddissolutionoftheScheme;

AlltheSchemeExpenseswillbesubjecttoapplicabletaxes.Thedistributionfees(formingpartofManagementExpense),atthediscretionofInvestmentManagermaybechargedandpaidupfrontbytheScheme.IfchargedupfronttotheScheme,suchdistributionexpensesshallbeamortizedovertheperiodasdeterminedbytheInvestmentManager.

AnyoftheaboveSchemeExpenses,ifincurredbytheInvestmentManagerortheirAf�iliateonbehalfoftheScheme,shallbereimbursedpromptlybytheSchemetotheInvestmentManagerortheirAf�iliate.ChargeofanyotherexpensesnotlistedabovebutincurredundertheSchemeshallbedebitedtotheScheme'saccount.AnyoftheSchemeExpensesthatneedstobechargedtoorrecoveredfromtheSchemewillbeatsolediscretionofInvestmentManagerandunchargedexpensestobebornebytheInvestmentManager.

(g) Anytaxes,feesorothergovernmentalchargesleviedagainsttheSchemeandallexpensesincurredinconnectionwithanytaxaudit,investigation,settlementorreviewoftheScheme;

(k) Anyotherexpensesspeci�iedinthisMemorandumtobebornebytheScheme.

(b) All fees, costs, expenses (including travel expenses), liabilities and obligations incurred in: (i) organizing, developing,negotiatingandstructuringprospectivePortfolioInvestmentsthatarenotultimatelymade;and(ii)structuring,organizing,acquiring, �inancing, re�inancing, managing, operating, holding and valuing consummated Portfolio Investments, andtrading, settling, monitoring, holding and disposing of actual Portfolio Investments, including any �inancial, legal,accounting,advisoryandconsultingexpenses,andanyothersimilarprofessionalfees,inconnectiontherewith(totheextenttheInvestmentManagerisnotreimbursedbyaprospectiveoractualPortfolioCompanyorotherthirdpartiesorcapitalizedaspartoftheacquisitionpriceofthetransaction);providedthattheforegoingshallincludeanysimilaramountincurredinconnectionwiththeformation,operationorwindingupofthePortfolioCompanythereto;

(c) Commissions,primebrokeragefees,custodialexpenses,arrangerfees,advisoryfeesandanyprofessionalfeesincurredinconnectionthereto,andotherinvestmentcosts,feesandexpensesactuallyincurredinconnectionwithmaking,holding,settling,monitoring,hedgingordisposingofactualPortfolioInvestments;

(i) regulatoryfees/chargesorlate�ilingfees/charges/compoundingfees/penaltyleviedagainsttheScheme,(ifany)

(a) Fees,costsandexpenseofcounsel,fundadministratoraccountants,custodian,andotherconsultantsandprofessionals;

(e) Costsofanylitigation,insuranceandindemni�icationorextraordinaryexpenseorliability(includingprofessionalfees)relatingtotheaffairsoftheSchemeandtheaffairsoftheScheme'sAf�iliatessolelytotheextentsuchaffairsrelatetothebusinessoftheScheme;

(j) Anyactivitieswithrespecttoprotectingthecon�identialornon-publicnatureofanyinformationordate;

S chemeExpenses

Total4Signatures

Channelpartner__________________________

ARNNo.________________________________________

RMName______________________________________

RMEmailID______________________________________

RMMobileNo.______________________________________

ChannelPartnerLocation/Branch__________________________

NON-INDIVIDUAL KYC APPLICATION FORM

2529

GROSS ANNUAL INCOME5.

a)IncomeRangeperannum

Rs.10,00,001toRs.25,00,000

b)NetworthRs._____________ason D DMM Y Y Y Y

Rs.25,00,001toRs.1,00,00,000


MorethanRs.1,00,00,000

(Networthshouldnotbeolderthanoneyear)

PART I - APPLICATION FORM - FOR NON - INDIVIDUAL

DateofIncorporation

1. IDENTITY DETAILS

PAN(mandatory)

NameofApplicant(pleasewritecompletenameasperCerti�icateofIncorporation/Registration;leavingoneboxblankbetween2words.PleasedonotabbreviatetheName).

PlaceofIncorporation

RegistrationNo.(e.g.CIN)

Status PrivateLimitedCompany

Pleasetick(anyone)

Trust/Charities/NGO

Bank

BOI

PublicLimitedCompany

FPI________________________

GovernmentBody

Society

BodyCorporate

HUF

Non-GovernmentOrganization

NPO

Partnership/LLP

AOP

DefenseEstablishment

Other__________________________(Pleasespecify)

(SelfattestedcopyofPAN)

DateofCommencementofBusiness

4. GST REGISTERED (GOODS AND SERVICES TAX) Yes No

GSTINNo(ifGSTRegistered)

Note:ProofofGSTregistrationisrequiredifselectedYes.TheGoodsandServiceTaxNumber(GSTN)iscorrectandIIFLAMCwillnotberesponsibleforveri�icationofGSTNIftheGSTNnotprovided,itwillbeconsideredasunregisteredandwillbeunabletoclaimtheinputtaxcreditonthefeesandchargespaid.

ADDRESS DETAILS2.

CorrespondenceAddress

City/Town

State

RegisteredAddress

(Ifdifferentfromabove)

City/Town

State

ProofofaddresstobeprovidedbyApplicant.(Pleasesubmitselfcerti�iedcopyofANYONEofthefollowingvaliddocuments)

PINCode

Country

PINCode

Country

DocumentNo.________________________________________________

IssuingAuthority____________________________________________

DateofIssue

Validity/Expirydateofproofofaddresssubmitted

PlaceofIssue______________________________________

LatestTelephoneBill(onlyLandLine)

ElectricityBill LatestBankA/cStatement/Passbook

RegisteredLease/SaleAgreementofOf�icePremises

Anyotherproofofaddressdocument(aslistedinadditionaldocumentspage)______________________________________________(Notmorethan3Monthsold.)

(AadhaarcardismandatoryforalltheAuthorisedSignatories/Partners/DesignatedPartners/Trustees/Membersoftheentityholdingaccountwithus)

CONTACT DETAILS3.

Tel(Off)

FaxNo.

Email

Tel(Res)

Mobile

I/Wewishtoreceivethefundrelateddocumentandcommunicationviaphysicalinlieuofe-maildocument(s)[PleaseP]Emailwouldbethedefaultmodeofcommunication,incasetheaboveoptionisnotticked

KYC AND APPLICATION FORM - FOR NON-INDIVIDUAL

31

AuthorisedSignatory

6. OCCUPATION DETAILS

Business-NatureofBusiness_________________________________________________________ Others-PleaseSpecify______________________________________

Pleasetickifapplicable,foranyofyourAuthorisedSignatories/Promoters/Partners/Karta/Trustees/WholeTimeDirectors.

PoliticallyExposedPerson(PEP) RelatedtoPoliticallyExposedPerson(RPEP) NA

7. OTHER DETAILS (Please see guidelines)

1.Name/PAN/DIN/UID,residentialaddressandphotographsofPromoters/Partners/Karta/Trustees/WholeTimeDirectors/AuthorisedSignatories(PleaseuseAnnexureto�illindetails)

2.a)DINofWholeTimeDirectors:(PleaseuseAnnexureto�illindetails)b)AadhaarnumberofPromoter/Partners/Karta:(PleaseuseAnnexureto�illindetails)

8.

I/WeherebydeclarethatthedetailsfurnishedabovearetrueandcorrecttothebestofmyknowledgeandbeliefandI/Weundertaketoinformyouofanychangestherein,immediately.Incaseanyoftheaboveinformationisfoundtobefalseoruntrueormisleadingormisrepresenting,I/Weam/areawarethatI/Wemaybeheldliableforit.I/WeherebydeclarethatI/Weam/arenotmakingthisapplicationforthepurposeofcontraventionofanyAct.Rules,Regulationsoranystatuteoflegislationoranynotifications/directionsissuedbyanygovernmentalorstatutoryauthorityfromtimetotime.I/Weherebyauthoriseyoutokindlyupdate/modifyKRA/CKYCbasisthedocumentssubmittedandalsotoupdatetheaccountdetailsbasisanychangesdoneonKRA/CKYC.I/Weherebyprovidemy/ourconsentinaccordancewithAadhaarAct,2016andregulationsmadethereunder,for(i)collecting,storingandusage(ii)validating/authenticatingand(iii)updatingmy/ourAadhaarnumber(s)inaccordancewiththeAadhaarAct,2016(andregulationsmadethereunder)andPMLA.

I/WeherebyconsenttoreceivinginformationfromCentralKYCRegistrythroughSMS/Emailontheaboveregisterednumber/emailaddress.

32

DETAILS OF PROMOTERS/PARTNERS/KARTA/TRUSTEES/WHOLE TIME DIRECTOR AND AUTHORISED SIGNATORYFORMING A PART OF KNOW YOUR CLIENT (KYC) KYC APPLICATION FORM FOR NON-INDIVIDUAL - ANNEXURE

NameofApplicant___________________________________________________________________________________________________________________________

PANoftheApplicant

Name&SignatureoftheAuthorisedSignatory(ies)_________________________________________________________________________________________________________

Date:PEP:PoliticallyExposedPersonRPEP:RelatedtoPoliticallyExposedPersonD D MM Y Y Y Y

Sr.No.

Name

Relationshipwith

Applicant(i.e.

Promoters,Bene�iciary/WholetimeDirectors,

etc.)

DINofWholeTimeDirectorPAN&

AadhaarNumber

Resi./Regd.

Address

WhetherPoliticallyExposedPerson

1.

2.

3.

4.

5.

PEP

RPEP

N.A.

PEP

RPEP

N.A.

PEP

RPEP

N.A.

PEP

RPEP

N.A.

PEP

RPEP

N.A.

PAN

DIN

AADHAAR

PAN

DIN

AADHAAR

PAN

DIN

AADHAAR

PAN

DIN

AADHAAR

PAN

DIN

AADHAAR

Photograph

Pleaseaf�ixtherecentpassportsizePhotographand

signacrossit


signacrossit


signacrossit


signacrossit


signacrossit

AuthorisedSignatory

2

33

FATCA-CRS Declaration & Supplementary KYC Information - Declaration Form for Non-IndividualPlease seek appropriate advice from your professional tax professional on your tax residency and related FATCA & CRS guidance

Isyour[Entity]CountryofTaxResidencyotherthanIndia- Yes No

If‘Yes’pleasespecifythedetailsofallcountrieswhereyou[Entity]holdtaxResidencyanditsTaxIdenti�icationNumber&type

Sr.No. CountryofTaxResidency

123

Identi�icationType

[TINorotherpleasespecify]

IncasetheEntity’sCountryofIncorporation/TaxResidenceisUSbutEntityisnotaSpeci�iedUSPerson,mentionEntity’sexemptioncodehere______________________(ReferInstructions)

Part B [to be filled By Financial Institutions or Direct Reporting NFFEs]

GIIN(GlobalIntermediaryIdenti�icationNumber):

Nameofthesponsoringentity

GIINnotavailable[tickanyone]:

AppliedForNotrequiredtoapplyfor-specifysub-categorycode

Notobtained-Non-participatingFFI

Wearea

FinancialInstitution/FFI[referinstructionsa.]

DirectReportingNFFE[referinstructionsb.]

PAN

Name

AddressType[forKYCaddress]

PlaceforIncorporation

Istheentityinvolvedin/providinganyofthefollowingservices:

GrossAnnualIncomeDetailsinINR

Residential Business Residential/Business RegisteredOf�ices

CountryforIncorporation

Below1Lakh1-5Lacs

5-10Lacs 10-25Lacs

25Lacs1cr>1Crore

Networthin

INRinLacs

Networthasof dd/mm/yyyy

[Pleasespecify]

[ifapplicable]

Anyotherinformation

ForeignExchange/MoneyChangerServicesGaming/Gambling/LotteryServices[e.g.casinos,bettingsyndicates]

MoneyLaundering/Pawning

PART - A

[Fill any one as applicable - to be filled by NFEs other than Direct Reporting NFFEs]

1

2

3

4

Istheentityisalistedcompany[whosesharesareregularlytradedonarecognizedstockexchange[referinstructionsd.]

Istheentitya‘RelatedEntity’ofalistedcompany[whosesharesareregularlytradeonarecognizedstockexchange][referinstructionse.]

IstheentityanActiveNFE?

IstheentityaPassiveNFE:[referinstructionsh.]

Yes(PleasespecifythenameoftheStockExchange(s)whereitistradedregularly)

1.____________________________________________________________

2.____________________________________________________________

Yes(Pleasespecifythenameofthelistedcompany,nameoftheStockExchange(s)whereitistradedregularly)

Nameofthelistedcompany:_____________________________________________

NameoftheStockExchange:_____________________________________________

YesNatureofbusiness_________________________________________________

Pleasespecifysub-categoryofActiveNFE: [referinstructionsg.]

YesNatureofbusiness_________________________________________________

AlsosubmitUBOForm[providedseparately]

34

AuthorisedSignatory

3

35

Instruction for FATCA & CRS Declaration

a.FinancialInstitution/ForeignFinancialInstitution[FFI]–Meansanynon-US�inancialinstitutionsthatisa–(1)Depositoryinstitution–acceptsdepositsintheordinarycourseofbankingorsimilarbusiness;(2)Custodianinstitution-asasubstantialportionofitsbusiness,hold�inancialassetsfortheaccountsofothers;(3)Investmententity–conductsabusinessoroperatesfororonbehalfofacustomerforanyoftheactivitiesliketrading inmoneymarket instruments, foreignexchange, foreigncurrency,etc.or individualorcollectiveportfoliomanagementor investing,administeringormanagingfunds,moneyor�inancialassetsonbehalfofotherpersons;oranentitymanagedbythistypeofentity;or(4)Insurancecompany–entityissuinginsuranceproductsi.e.lifeinsurance;(5)HoldingorTreasurycompany–entitythatispartofanexpandedaf�iliategroupthatincludesadepository,custodian,speci�iedinsurancecompanyorinvestmententity

b.DirectReportingNFFE–aNFFEthatelectstoreportinformationaboutitsdirectorindirectsubstantialU.S.ownerstotheIRS

c.GIINnotrequiredcategory:

e.RelatedEntity-anentityisa“RelatedEntity”ofanotherentityifonecontrolstheother,orthetwoentitiesareundercommoncontrol(wherecontrolmeansdirectorindirectownershipofmorethan50%ofthevoteorvalueinanentity)

FollowingNFFEsareexcludedfromFATCAreporting–(a)Publiclytradedcorporation/listedcompanies;(b)RelatedEntityofalistedcompany;and(c)ActiveNFFE

g.ActiveNFFE–Anyoneofthefollowing–

f.Non-�inancialforeignentity[NFFE]–Non-USentitythatisnota�inancialinstitution[includingaterritoryNFFE].

d.ListedCompany-Acompanyispubliclytradedifitsstockareregularlytradedononeormoreestablishedsecuritiesmarkets(Establishedsecuritiesmarketmeansanexchangethatisof�iciallyrecognizedandsupervisedbyagovernmentalauthorityinwhichthesecuritiesmarketislocatedandthathasameaningfulannualvalueofsharestradedontheexchange)

01

02

03

04

05

06

07

Lessthan50%oftheNFE’sgrossincomefortheprecedingcalendaryearorotherappropriatereportingperiodispassiveincomeand<50%oftheassetsheldbyNFEareassetsthatproduceorareheldfortheproductionofpassiveincome

TheNFEisaGovernmentalEntity,anInternationalOrganization,aCentralBank,oranentitywhollyownedbyoneormoreoftheforegoing;

SubstantiallyalloftheactivitiesoftheNFEconsistofholding(inwholeorinpart)theoutstandingstockof,orproviding�inancingandservicesto,oneormoresubsidiariesthatengageintradesorbusinessesotherthanthebusinessofaFinancialInstitution,exceptthatanentityshallnotqualifyforNFEstatusiftheentityfunctions(orholdsitselfout)asaninvestmentfund,suchasaprivateequityfund,venturecapitalfund,leveragedbuyoutfund,oranyinvestmentvehiclewhosepurposeistoacquireorfundcompaniesandthenholdinterestsinthosecompaniesascapitalassetsforinvestmentpurposes;

TheNFEisnotyetoperatingabusinessandhasnoprioroperatinghistory,butisinvestingcapitalintoassetswiththeintenttooperateabusinessotherthanthatofaFinancialInstitution,providedthattheNFEshallnotqualifyforthisexceptionafterthedatethatis24monthsafterthedateoftheinitialorganizationoftheNFE;

TheNFEwasnotaFinancialInstitutioninthepast�iveyears,andisintheprocessofliquidatingitsassetsorisreorganizingwiththeintenttocontinueorrecommenceoperationsinabusinessotherthanthatofaFinancialInstitution;

TheNFEprimarilyengagesin�inancingandhedgingtransactionswith,orfor,RelatedEntitiesthatarenotFinancialInstitutions,anddoesnotprovide�inancingorhedgingservicestoanyEntitythatisnotaRelatedEntity,providedthatthegroupofanysuchRelatedEntitiesisprimarilyengagedinabusinessotherthanthatofaFinancialInstitution;

AnyNFEisa'nonforpro�it'organizationwhichmeetsallofthefollowingrequirements:Ÿ Itisestablishedandoperatedinitsjurisdictionofresidenceexclusivelyforreligious,charitable,scienti�ic,artistic,cultural,athletic,or

educationalpurposes;oritisestablishedandoperatedinitsjurisdictionofresidenceanditisaprofessionalorganization,businessleague,chamberofcommerce,labourorganization,agriculturalorhorticulturalorganization,civicleagueoranorganizationoperatedexclusivelyforthepromotionofsocialwelfare;

Ÿ ItisexemptfromincometaxinIndia;Ÿ Ithasnoshareholdersormemberswhohaveaproprietaryorbene�icialinterestinitsincomeorassets;

Code Sub-Category

GovernmentalEntity,InternationalOrganizationorCentralBank

TreatyQuali�iedRetirementFund;aBroadParticipationRetirementFund;aNarrowParticipationRetirementFund;oraPensionFundofaGovernmentalEntity,InternationalOrganizationorCentralBank

Code

01

02

04

05

06

07

08

09

10

11

12

13

14

Sub-category

Non-publicfundofthearmedforces,anemployees'stateinsurancefund,agratuityfundoraprovidentfund

EntityisanIndianFIsolelybecauseitisaninvestmententity

Quali�iedcreditcardissuer

InvestmentAdvisorsandInvestmentManagers

Exemptcollectiveinvestmentvehicle

TrusteeofanIndianTrust

FIwithalocalclientbase

Non-registeringlocalbanks

FFIwithonlyLow-ValueAccounts

Sponsoredinvestmententityandcontrolledforeigncorporation

Sponsored,CloselyHeldInvestmentVehicle

OwnerDocumentedFFI

03

36

h. Passive NFE-meansanyNFEthatisnot(i)anActiveNFFEorlisted/publiclytradedentityorentityrelatedtothelisted/publiclytradedentity,

or(ii)awithholdingforeignpartnershiporwithholdingforeigntrustpursuanttorelevantU.S.TreasuryRegulationsor(iii)thegrossincomeof

which isprimarilyattributable to investing, reinvesting,or trading in �inancialassets, if theentity ismanagedbyanotherentity that isa

depositoryinstitution,acustodialinstitution,aspeci�iedinsurancecompany,oraninvestmententity-(Note:Foreignpersonshavingcontrolling

interestinapassiveNFEareliabletobereportedfortaxinformationcompliancepurposes)

j. ControllingPersonsmeansthenaturalpersonswhoexercisecontroloveranentity.Inthecaseofatrust,suchtermmeansthesettlor,thetrustees,

theprotector(ifany),thebene�iciariesorclassofbene�iciaries,andanyothernaturalpersonexercisingultimateeffectivecontroloverthetrust,

andinthecaseofalegalarrangementotherthanatrust,suchtermmeanspersonsinequivalentorsimilarpositions.Theterm“Controlling

Persons”shallbeinterpretedinamannerconsistentwiththeFinancialActionTaskForceRecommendations.

i. Passive Income–portionofgrossincomethatconsistsofdividends,interest,rentsandloyalties(otherthanrentsandloyaltiesderivedinthe

activeconductofatradeorbusinessconducted,atleastinpart,byemployeesoftheNFFE),incomeequivalenttointerest/amountreceivedfrom

poolofinsurancecontracts,annuities,excessofgainsoverlossesfromthesaleorexchangeofproperty/fromtransactions(includingfutures,

forwardsorsimilartransactions)inanycommoditiesbutnotincluding(i)anycommodityhedgingtransaction,determinedbytreatingtheentity

asacontrolledforeigncorporationor(ii)activebusinessgainsorlossesfromthesaleofcommoditiesbutonlyifsubstantiallyalltheforeign

entity’scommoditiesareproperty,excessofforeigncurrencygainsoverlosses,netincomefromnotionalprincipalcontracts,amountsreceived

undercashvalueinsurancecontracts,amountsearnedbyinsurancecompanyinconnectionwithitsreservesforinsuranceandannuitycontracts

k. Non-ParticipatingFFIs[NPFFIs]–anFFIotherthanparticipatingFFI,adeemed-complaintFFI,oranexemptbene�icialowner

m. Expandedaf�iliatedgroup–Oneormorechainsofmembersconnectedthroughownership(50%ormore,byvoteorvalue)byacommonparent

entityifthecommonparententityownsstockorotherequityinterestsmeetingtherequirementsinatleastoneoftheothermembers

l. Speci�ied US Persons–AnyUSPersonotherthanI).Apubliclytradedcorporation;ii).Acorporationthatisamemberofthesameexpanded

af�iliategroup;iii).Ataxexemptorganization;iv).anindividualretirementplan;v).theUnitedStatesoranagencyorinstrumentalityofthe

UnitedStates;vi).Anystate[includingDistrictofColumbiaandUnitedStatespossession]orStateAuthorities;vii).Abank,viii).Arealestate

investmenttrust;ix).Aregulatedinvestmentcompany;x).anentityregisteredwiththeSECundertheInvestmentCompanyActof1940;xi).A

commontrustfund;xii).Ataxexempttrust;xiii).Aregistereddealer;xiv).Aregisteredbroker

n. Owner documented FFI–ANFFImeetingthefollowingrequirements–(a)FFIisanFFIsolelybecauseitisaninvestmententity;(b)FFIisnot

ownedbyorrelatedtoanyFFIthatisadepositoryinstitution,custodialinstitution,orspeci�iedinsurancecompany;(c)FFIdoesnotmaintaina

�inancialaccountforanynon-participatingFFI;(d)FFIprovidesthedesignatedwithholdingagentwithallofthedocumentationandagreesto

notifythewithholdingagentifthereisachangeinthecircumstances,and(e)ThedesignatedwithholdingagentagreestoreporttotheIRS(or,in

caseofareportingModel1IGA,totherelevantforeigngovernmentoragencythereof)alloftheinformationdescribedinor(asappropriate)with

respecttoanyUSspeci�iedpersonsand(2)Notwithstandingtheprevioussentence,thedesignatedwithholdingagentisnotrequiredtoreport

informationwithrespecttoanindirectowneroftheFFIthatholdsitsinterestthroughaparticipatingFFI,adeemed-compliantFFI(otherthanan

owner-documentedFFI),anentitythatisaUSperson,anexemptbene�icialowner,oranexemptedNFE

Ÿ TheapplicablelawsoftheNFE'sjurisdictionofresidenceortheNFE'sformationdocumentsrequirethat,upontheNFE'sliquidationordissolution,allofitsassetsbedistributedtoagovernmentalentityorothernon-pro�itorganization,orescheattothegovernmentoftheNFE'sjurisdictionofresidenceoranypoliticalsubdivisionthereof.

Ÿ TheapplicablelawsoftheNFE'sjurisdictionofresidenceortheNFE'sformationdocumentsdonotpermitanyincomeorassetsoftheNFEtobedistributedto,orappliedforthebene�itof,aprivatepersonornon-charitableEntityotherthanpursuanttotheconductoftheNFE'scharitableactivities,oraspaymentofreasonablecompensationforservicesrendered,oraspaymentrepresentingthefairmarketvalueofpropertywhichtheNFEhaspurchased;and

Code

A

B

C

D

E

Sub-category

Adealerinsecurities,commodities,orderivative�inancialinstruments(includingnotionalprincipalcontracts,futures,forwards,andoptions)thatisregisteredassuchunderthelawsoftheUnitedStatesoranystate

Aregulatedinvestmentcompanyasde�inedinsection851oranentityregisteredatalltimesduringthetaxyearundertheInvestmentCompanyActof1940

F

G

H

I

J

K

L

M

Abankasde�inedinsection581

Abroker

Atrustexemptfromtaxundersection664ordescribedinsection4947(a)(1)

Ataxexempttrustunderasection403(b)planorsection457(g)plan

Anorganizationexemptfromtaxundersection501(a)oranyindividualretirementplanasde�inedinsection7701(a)(37)

TheUnitedStatesoranyofitsagenciesorinstrumentalities

Astate,theDistrictofColumbia,apossessionoftheUnitedStates,oranyoftheirpoliticalsubdivisionsorinstrumentalities

Acorporationthestockofwhichisregularlytradedononeormoreestablishedsecuritiesmarkets,asdescribedinReg.section1.1472-1(c)(1)(i)

Acorporationthatisamemberofthesameexpandedaf�iliatedgroupasacorporationdescribedinReg.section1.1472-1(c)(1)(i)

Arealestateinvestmenttrust

Acommontrustfundasde�inedinsection584(a)

37

Ifyouhavequestionsaboutyourtaxresidency,pleasecontactyourtaxadvisor.IfyouareaUScitizenorresidentorgreencardholder,pleaseincludeUnitedStatesintheforeigncountryinformation�ieldalongwithyourUSTaxIdenti�icationNumber.

p.IncasecustomerhasasthefollowingIndiciapertainingtoaforeigncountryandyetdeclaresselftobenon-taxresidentintherespectivecountry,customertoproviderelevantCuringDocumentsasmentionedbelow:

FATCA/CRSIndiciaobserved(ticked) DocumentationrequiredforCureofFATCA/CRSIndicia

1 U.S.placeofbirth

IfcustomerdoesnotagreetobeSpeci�iedU.S.person/reportablepersonstatus

2 Residence/mailing address in a countryotherthanIndia

3 Telephone number in a country other thanIndia (and no telephone number in Indiaprovided)

Standing instructions to transfer funds toan account maintained in a country otherthanIndia

4

b. Reasonable explanation of why the customer does not have such acerti�icate despite renouncing US citizenship; or Reason the customerdidnotobtainU.S.citizenshipatbirth

3. Anyoneofthefollowingdocuments:

1. Self-certi�ication(inattachedformat) thantheaccountholderisneitheracitizenofUnitedStatesofAmericanoraresidentfortaxpurpose;

2 . N on -US p a s s p o r t o r a ny n on -US g ove r nmen t i s s u ed d o c umen tevidencingnationalityorcitizenship(referlistbelow);AND

a. Certi�iedCopyof“Certi�icateofLossofNationalityor.

1. Self-certi�ication (in attached format) that the account holder is neithera citizen of United States of America nor a resident for tax purposes; and

2. Documentaryevidence(referlistbelow)





Listofacceptabledocumentaryevidenceneededtoestablishedtheresidence(s)fortaxpurpose:

1. Certi�icateofresidenceissuedbyanauthorizedgovernmentbody*

2. Valididenti�icationissuedbyanauthorizedgovernmentbody*(e.g.passport,NationalIdentitycard,etc.)

*Governmentoragencythereofamunicipality

2) ItismandatorytosupplyaTINorfunctionalequivalentifthecountryinwhicharetaxresidentissuessuchidenti�iers.

IfTIN/FunctionalEquivalentavailable

NoTINisyetavailable

AnydocumentevidencingTINissuedbyanauthorisedgovernmentbody

Anexplanationandattachittotheform.

38

InstructionsonControllingPerson/UltimateBene�icialOwner

IntermsofAnti-MoneyLaunderinglaws,ClientDueDiligencepolicy,non-individualsandtrustarerequiredtoprovidedetailsofControllingPerson[CP]/UltimateBene�iciaryOwner[UBO]andsubmitappropriateproofofidentityofsuchCPs/UBOs.Thebene�icialownerhasbeende�inedinthecircularasthenaturalpersonorpersons,whoultimatelyown,controlorin�luenceaclientand/orpersononwhosebehalfatransactionisbeingconducted,andincludesapersonwhoexercisesultimateeffectivecontroloveralegalpersonorarrangement.

(iii)Wherenonaturalpersonisidenti�iedunderclauses(i)or(ii)above,theidentityoftherelevantnaturalpersonwhoholdsthepositionofseniormanagingof�icial.

A.ForInvestorsotherthanindividualsortrusts:(i) Theidentityofthenaturalperson,who,whetheractingalongortogether,orthroughoneormorejuridical person,exercisescontrol

throughownershiporwhoultimatelyhasacontrollingownershipinterest.Controllingownershipinterestmeansownershipof/entitlementto:

-morethan15%ofthecapitalorpro�itsofthejuridicalperson,wherethejuridicalpersonisapartnership;-morethan15%ofthepropertyorcapitalorpro�itsofthejuridicalperson,wherethejuridicalpersonisanunincorporatedassociationorbodyofindividuals.

-morethan25%ofsharesorcapitalorpro�itsofthejuridicalperson,wherethejuridicalpersonisacompany;

(ii)Incaseswherethereexistsdoubtunderclause(i)aboveastowhetherthepersonwiththecontrollingownershipinterestisthebene�icialownerorwherenonaturalpersonexertscontrolthroughownershipinterests,theidentityofthenaturalpersonexercisingcontroloverthejuridicalpersonthroughothermeanslikethroughvotingrights,agreement,arrangementsorinanyothermanner.

D.KYCrequirements

C.Exemptionincaseoflistedcompanies/foreigninvestors

Bene�icialOwner(s)is/arerequiredtocomplywiththeprescribedKYCprocessasstipulatedbySEBIfromtimetotimewithanyoneoftheKRA&submitthesametoAMC.KYCacknowledgementproofistobesubmittedforallthelistedBene�icialOwner(s).

Theidentityofthesettlerofthetrust,thetrustee,theprotector,thebene�iciarieswith15%ormoreinterestinthetrustandanyothernaturalpersonexercisingultimateeffectivecontroloverthetrustthroughachainofcontrolorownership.

B.ForInvestorswhichisatrust:

Theclientortheownerofthecontrollinginterestisacompanylistedonastockexchange,orisamajority-ownedsubsidiaryofsuchacompanyitisnotnecessarytoidentifyandverifytheidentityofanyshareholderorbene�icialownerofsuchcompanies.Intermediariesdealingwithforeigninvestor’sviz.,ForeignInstitutionalinvestors,SubAccountsandQuali�iedForeignInvestors,maybeguidedbytheclari�icationsissuedvideSEBIcircularCIR/MIRSD/11/2012datedSeptember5,2012,forthepurposeofidenti�icationofbene�icialownershipoftheclient

E.ControllingPersonType[UBO]Code:

C01

C02

C03

C04

C05

C06

C07

CP/UBOCode

CPoflegalperson-ownership

CPoflegalperson-othermeans

CPoflegalperson-seniormanagingof�icial

CPoflegalarrangement-trust-settlor

CPoflegalarrangement-trusttrustee

CPoflegalarrangement-trustprotector

CPoflegalarrangement-trustbene�iciary

Description CP/UBOCode Description

C08

C09

C10

C11

C12

C13

C14

CPoflegalarrangement-trust-other

CPoflegalarrangement-trust-other-settlorequivalent

CPoflegalarrangement-trust-other-trustee-equivalent

CPoflegalarrangement-trust-other-protectorequivalent

CPoflegalarrangement-trust-other-bene�iciary-equivalent

CPoflegalarrangement-trust-other-other-equivalent

Unknown

39

II:Category

OurcompanyisaListedCompanylisted/SubsidiaryorControlledbyaListedCompany[Ifthiscategoryisselected,noneedtoprovideUBOdetails]

UnlistedCompany PartnershipFirm/LLP Unincorporatedassociation/bodyofindividuals

ReligiousTrust

PrivateTrust TrustcreatedbyaWill Others[pleasespecify]_________________________________________

PublicCharitableTrust

Declaration Form of Ultimate Beneficial Ownership [UBO] / Controlling Persons(Mandatory for Non-individual Investors)

UBO/ControllingPerson(s)details

Sr.No.

NameofUBO#

CountryofTax

Residency

TaxpayerIdenti�icationNumber/PANEquivalentIDNumber#

Identi�icationType#

%ofbene�icialinterest#

CP/UBOcode#[ReferInstructionsE]

Place&CountryofBirth#

DateofBirth

[dd-mm-yyyy]$

Address$AddressType*&Contactdetails[includeCity,Pin

Code,State,Country

Gender$Male,

Female,others]

Father’sName$

Nationality$

Occupation[Service,Business,Others.]

I:Investordetails:

NameoftheInvestor:

Asset

AuthorisedSignatory

4

PAN

40

41

Location Address Contactno E-MailID

Mumbai

SavitaSahay

IIFLAssetManagementLtd,8thFloor,IIFLCentre, Kamla MillsCompound,

SenapatiBapatRoad,LowerParel (W),Mumbai– 400013

02248765600

Extn5896/5172amcsaleswest@ii�lw.com

Delhi

NaveenBareja

IIFLAssetManagementLtd,2ndFloor,GYSPlatinum,D -3,P-3B,

SaketDistrictCentreNewDelhi110017.

01143693000

Extn5007amcsalesnorth@ii�lw.com

Bangalore

MamathaJ

IIFLAssetManagementLtd,Level3,PrestigeNebula-1,8-12,Cubbonroad,

FMCCariappaColony,Shivanchetti Gardens,Bangalore-560001

08068346500

Extn6567amcsalessouth@ii�lw.com

Kolkata

SharmisthaDey

IIFLAssetManagementLtd,Unit3,Level3,Camac Square,24,Camac Street,

Kolkata- 700016

03344035800

Extn5809amcsaleseast@ii�lw.com

Ahmedabad

AshutoshMishra

IIFLAssetManagementLtd,8thFloor,BalajiHeights,OffCGRoad,Near

IDBIBank,Ellisbridge,Ahmedabad-380006

978800693 amcsalesahmedabad@ii�lw.com

Chennai

Pradhap SIIFLAssetManagementLtd,Lemuir House,GroundFloor,No.10,GNChettyRoad,TNagar,Chennai-600017

0444292019/

2028amcsaleschennai@ii�lw.com

Hyderabad

MandeepSingh

IIFLAssetManagementLtd,G4&G5,Roxan FortuneTower,RoadNo.12,

BanjaraHills,Hyderabad-500034

9674042873 amcsaleshyderabad@ii�lw.com

PuneNarayanBhaleraoIIFLAssetManagementLtd,301,CelloPlatina,FergussonCollegeRoad,NearPoliceGround,Shivajinagar,Pune - 411016

02067411600

Extn657amcsaleswest@ii�lw.com

IIFL Centre Kamala City, Senapati Bapat Marg,Lower Parel (W), Mumbai - 400 013. INDIATEL. : (91-22) 4876 5600 FAX : (91-22) 4646 4706(An IIFL Group Company)