EX-10.8.4.1



 Exhibit 10.8.4.1 

 

			
	 




	  	 INDIA NON JUDICIAL

 
 Government of National Capital Territory of
Delhi
  

e-Stamp


  

					
	Certificate No.	  	:	  	IN-DL58371892946157K
			
	Certificate Issued Date	  	:	  	20-Dec-2012 04:33 PM
			
	Account Reference	  	:	  	IMPACC (IV)/ dl736103/ DELHI/ DL-DLH
			
	Unique Doc. Reference	  	:	  	SUBIN-DLDL73610316587662319236K
			
	Purchased by	  	:	  	Network 18 Media and Investments Limited
			
	Description of Document	  	:	  	Article Others
			
	Property Description	  	:	  	Corporate Guarantee
			
	Consideration Price (Rs.)	  	:	  	0
			
		  		  	(Zero)
			
	First Party	  	:	  	Network 18 Media and Investments Limited
			
	Second Party	  	:	  	The Ratnakar Bank Ltd
			
	Stamp Duty Paid By	  	:	  	Network 18 Media and Investments Limited
			
	Stamp Duty Amount(Rs.)	  	:	  	200
			
		  		  	(Two Hundred only)

 



 
 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Please write or type below this
line - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 
 This non judicial stamp paper form of Rs. 200 part and
parcel of the 
 CORPORATE GUARANTEE 
 Dated January 19, 2013 
 EXECUTED BY 

NETWORK18 MEDIA AND INVESTMENTS LIMITED 
 as the Guarantor 
 IN FAVOUR OF 

RATNAKAR BANK 
 



 
 Statuatory Alert: 
  

	1.	The authenticity of the Stamp Certificate can be verified at Authorised Collection Centers (ACCs), SHCIL Offices and Sub-registrar Offices (SROs).



	2.	The Contact Details of ACCs. SHCIL Offices and SROs are available on the Web site “www.shcilestamp.com” 








 R-159 
 SUPPLEMENTARY DEED OF GUARANTEE 
 This Supplemental Guarantee is executed at New
Delhi on January 19, 2013 
 BY 
 Network 18 Media & Investments Limited, a company incorporated under the Companies Act, 1956 and having its registered office at 503,504 & 507, 5th Floor, Mercantile
House, 15 Kasturba Gandhi Marg, New Delhi- 110001 (Co – Borrower/Guarantor hereinafter referred to as “Guarantor”, which expression shall include its executors, administrators, successors and permitted assigns as the case
may be) of the ONE PART, 
 IN FAVOUR OF 
 THE RATNAKAR BANK LIMITED, a Banking company established under the Companies Act and carrying on banking business & having its Registered Office at Shahupuri, Kolhapur and one of its
branches at Connaught Place, New Delhi hereinafter referred to as “the BANK” (which expression shall include its successors and assigns) of the OTHER PART. 
 WHEREAS: 
  

	1.	M/s TV 18 Home Shopping Network Limited, hereinafter called “the Borrowers” (which expression shall include their respective heirs,
executors & assigns) has been granted by the Bank the Credit facilities aggregating to Rs.40,00,00,000/- (Rupees Forty Crores Only), more particularly described in the Schedule-I (hereinafter referred to as ‘Existing
Credit Facilities’), against the execution of the security documents as per the terms and conditions of the sanction of the said credit facilities by the Bank. 


 

	2.	The Guarantors have secured the repayment of the dues under the said Existing Credit Facilities granted by the Bank to the Borrowers, by executing the Agreement
Guarantee / Guarantee Bond dated 27.04.2012 (hereinafter referred to as ‘Principal Deed of Guarantee’). 

  

	3.	At the request of the Borrowers, the Bank has now agreed to grant additional Credit Facilities of Rs.10,00,00,000/- (Rupees Ten Crores Only), amounting to aggregate
credit facility of Rs.50,00,00,000/- (Rupees Fifty Crores only), upon the terms and conditions mentioned in the sanction letter issued by the Bank to the Borrowers. 


 

	4.	The Guarantors have agreed to continue to stand as guarantors to secure for the said additional credit facilities granted / to be granted by the Bank to the Borrowers,
by execution of these presents. 


  
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 NOW THIS AGREEMENT WITNESSETH as follows: 

 

	1.	In consideration of the Bank agreeing to advance / make available to the Borrowers an additional / enhanced Credit Facilities to an extent of Rs.10,00,00,000/-
(Rupees Ten Crores Only), more particularly described in the Schedule-II hereunder written (hereinafter referred to as ‘Additional Credit Facilities’), over and above the said Existing Credit Facilities,
thereby making aggregate credit facilities amounting to Rs.50,00,00,000/- (Rupees Fifty Crores Only), the Guarantors do hereby guarantee payment by the Borrowers to the Bank of all the amounts of the principal and all interest, costs,
charges and expenses chargeable by the Bank to the Borrowers in respect of the said Additional Credit Facilities in accordance with the terms and conditions on which the said Additional Credit Facilities are granted. 


 

	2.	The Guarantors hereby declare that this guarantee is in addition to and not by way of any limitation of or substitution for any other guarantee or guarantees that any
guarantors have given and / or other guarantors may have previously given or may hereafter give to the Bank (whether alone or jointly with any other parties) and that this guarantee shall not revoke or limit any such other guarantee or guarantees.


  

	3.	The Guarantors agree and declare that all covenants and stipulations contained in the said Principal Deed of Guarantee and to be performed and observed by the
Guarantors shall be applicable for the said Additional Credit Facilities secured and shall be binding on and enforceable against the guarantors as if all the provisions contained in the Principal Deed of Guarantee were recited and reproduced herein.


  

	4.	The Guarantors agree and confirm that he is / they are aware that out of the said Additional Credit Facilities, the Bank may grant the additional working capital limits
by enhancing the existing credit limits, through the same or different account maintained by the Bank and that the guarantee hereby given by the said Guarantors shall be applicable for the dues under such account/s with enhanced credit limits or
separate accounts in the name of the Borrowers. 

  

	5.	 The Borrowers / the Guarantors have paid the stamp duty on the Principal Deed of Guarantee mentioned herein as per the provisions of Stamp Act
applicable at the time of execution of these documents. The Borrowers / Guarantors have therefore, paid the Stamp Duty only on the amount of Additional Credit Facilities as payable on this document. The Borrowers / Guarantors further agrees to pay
any additional stamp duty, other duties, taxes, charges and penalties, if and when the Borrowers / Guarantors may be required to pay according to the Laws for the time being in force in the State and in the event of the Borrowers / Guarantors
failing to pay such stamp 



  
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duty, other duties, taxes and penalties as aforesaid, the bank shall be at liberty (but not bound to) to pay the same and the Borrowers / Guarantors shall reimburse to the bank on demand.


 SCHEDULE – I 
 (Details of Existing Facilities) 
 PART-A Existing Credit Facilities: 

 

																	
	 Nature of Credit Facility
	  	Amt.
Rs.	  	 Rate of
Interest*
	  	Penal
Interest	 	 	 Periodicity

of

charging

interest
	  	Margin	 	 	Repayment
	 Working Capital Demand Loan
	  	30.00 Crs	  	To be decided at
the time of
disbursement.	  	 	2	% p.a. 	 	Monthly	  	 	25	% 	 	On Demand
	 Cash Credit
	  	10.00 Crs	  	 BR +2.50% p.a.
 i.e.
13.50 % p.a.
	  	 	2	% p.a. 	 	Monthly	  	 	25	% 	 	On Demand
		  	  

	 TOTAL
	  	Rs.40,00,00,000/- (Rupees Forty Crores only
		  	  


  

	*	In case of working capital limits, the minimum interest shall be equal to three months’ interest at agreed rate on the sanctioned limit, as and by way of
commitment charges 

 SCHEDULE – II 

(Details of Additional Credit Facilities) 
  

																			
	 Nature of Credit Facility
	  	Amt.
Rs.	  	 Rate of
Interest*
	  	Penal
Interest	 	 	 Periodicity

of

charging

interest
	  	Margin	 	 	Repayment	 
	 Working Capital Demand Loan
	  	40.00 Crs
(enhanced
by Rs.10.00
Crores)	  	To be decided at the time of disbursement.	  	 	2	% p.a. 	 	Monthly	  	 	25	% 	 	 	On Demand	  
	 Cash Credit
	  	10.00 Crs	  	BR +2.50% p.a. i.e. 13.50 % p.a.	  	 	2	% p.a. 	 	Monthly	  	 	25	% 	 	 	On Demand	  
		  	  
	 
	 TOTAL
	  	Rs.50,00,00,000/- (Rupees Fifty Crores only)	  
		  	  
	 

  

	*	In case of working capital limits, the minimum interest shall be equal to three months’ interest at agreed rate on the sanctioned limit, as and by way of
commitment charges 


  
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 IN WITNESS WHEREOF the Guarantors have executed these presents on the day, month and year first hereinabove
written. 
  

			
	SIGNED AND DELIVERED
	
	By within named Guarantor
	
	For Network 18 Media & Investments Limited
	
	 /s/ R.D.S. Bawa

	Director/Authorised Signatory(ies)
	
	The Common Seal of
	 Network 18 Media & Investments Limited
 the Borrower within named was affixed hereunto in the presence of:

		
	Shri./	 	 R.D.S. Bawa, Network 18 Group GFO

		
	  
 Shri./
	 	 /s/ Yug Samrat
 Yug Samrat, Company Secretary

	Directors / Yug Samrat of the Borrowers in pursuance of the Board Resolution dated 19/1/2013 and they have signed below the Seal to confirm that the
Seal was affixed in their presence.


  
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