Document:

Second Deed of Amendment dated December 16, 2010

 Exhibit 4.63 
 DATED 16 DECEMBER 2010 
 ANGLO OPERATIONS LIMITED 

TAURUS INTERNATIONAL S.A. 
 ANGLO SOUTH AFRICA CAPITAL (PTY) LTD 
 ANGLO AMERICAN SERVICES (UK)
LIMITED 
 WELTER TRADING LIMITED 
 THL ZINC LIMITED 
 LABAUME B.V. 

PECVEST 17 (PROPRIETARY) LIMITED 
 and 
 VEDANTA RESOURCES PLC 

 
  

SECOND DEED OF AMENDMENT 
 TO THE 
 SHARE PURCHASE AGREEMENT DATED 9 MAY 2010 

relating to the sale of the companies comprising 
 the Anglo American zinc division 
  

 
  

 DEED OF AMENDMENT 
 THIS DEED OF AMENDMENT is made on 16 December 2010 between: 
  

	(1)	ANGLO OPERATIONS LIMITED, a company incorporated in South Africa with registration number 1921/006730/06, whose registered office is at 44 Main Street,
Johannesburg, 2001, South Africa (the “BMM Seller”); 

  

	(2)	TAURUS INTERNATIONAL S.A., a company incorporated in Luxembourg with registration number B.53603, whose registered office is at 48 Rue de Bragance, L-1255
Luxembourg, Grand Duchy of Luxembourg (the “Lisheen Seller”); 

  

	(3)	ANGLO SOUTH AFRICA CAPITAL (PTY) LTD, a company incorporated in South Africa with registration number 1999/002391/07, whose registered office is at 44 Main
Street, Johannesburg, 2001, South Africa (the “Namibian Seller” and together with the BMM Seller and the Lisheen Seller, the “Sellers” and any one a “Seller”); 

 

	(4)	ANGLO AMERICAN SERVICES (UK) LIMITED, a company incorporated in England whose registered office is at 20 Carlton House Terrace, London SWIY 5AN (the
“Sellers’ Guarantor”); 

  

	(5)	 WELTER TRADING LIMITED, a company incorporated in Cyprus whose registered office is at 205, 28th Oktovriou Avenue, Louloupis Court, 1st Floor, P.C. 3035, Limassol, Cyprus (the “Welter”);

  

	(6)	THL Zinc Ltd (formerly known as Twin Star Energy Ventures Limited), a company incorporated in Mauritius with registration number C079554 Cl/GBL whose registered
office is at Rogers House, 5 President John Kennedy Street, Port Louis, Mauritius (“THL Zinc”); 

  

	(7)	LABAUME B.V., a company incorporated in the Netherlands with registration number 34272466 whose registered office is at c/o NC Trust BV, Leliegracht 10, 1015 DE,
Amsterdam (“Labaume”); 

  

	(8)	 PECVEST 17 (PROPRIETARY LIMITED), a company incorporated in the Republic of South Africa with registration number 2010/018500/07 whose
registered office is at Houghton Estate Office Park, 2nd
Floor Palm Grove, 2 Osborne Road, Houghton, Johannesburg, 21 (“Pecvest” and together with THL Zinc and Labaume, the “Purchaser’s Assignees” and any one a “Purchaser’s Assignee”); and

  

	(9)	VEDANTA RESOURCES PLC, a company incorporated in England and Wales whose registered office is at 16 Berkeley Street, London, W1J 8DZ (the
“Purchaser’s Guarantor”). 

 RECITALS: 
  

	(A)	The Sellers, the Sellers’ Guarantor, Welter and the Purchaser’s Guarantor the (“Original Parties”) entered into a share purchase agreement
relating to the sale of the companies comprising the Anglo American zinc division (the “Anglo Zinc Assets”) to Welter dated 9 May 2010 (the “Original Share Purchase Agreement”). 

 

	(B)	On 20 November 2010, the Original Parties entered into a Deed of Amendment amending the Original Share Purchase Agreement (the Original Share Purchase Agreement as
amended by such Deed of Amendment being the “Share Purchase Agreement”). 

  

	(C)	Pursuant to the provisions of Clause 17.8.3 of the Share Purchase Agreement, Welter has effected a Designation of (i) THL Zinc as the purchaser of the Namibia
Shares, (ii) Labaume as the purchaser of the Lisheen Shares and (iii) Pecvest as the purchaser of the BMM Shares and BMM Claims (the “Designations”) and, in connection with such Designations on 3 December 2010 the
Purchaser’s Assignees entered into a Deed of Adherence between the Purchaser’s Assignees and the Original Parties. 

  

	(D)	The Parties now wish to make certain further amendments to the Share Purchase Agreement as set out in this Deed. 

IT IS AGREED: 
  

	1.	DEFINITIONS AND INTERPRETATION 

  

	1.1	Definitions 

 In this
Deed: 
 “Deed” means this deed of amendment. 

 

	1.2	Incorporation of Defined Terms 

  

	 	(a)	Unless indicated otherwise, terms used in this Deed have the same meaning as given to them in the Share Purchase Agreement. 

 

	 	(b)	The principles of construction set out in the Share Purchase Agreement shall have effect as if set out in this Deed. 

 

	1.3	Clauses 

  

	 	(a)	In this Deed any reference to a “Clause” is, unless the context otherwise requires, a reference to a Clause of this Deed. 

 

	 	(b)	Clause headings are for ease of reference only. 

	2.	AMENDMENT 

  

	2.1	With effect from the date hereof, the Share Purchase Agreement shall be amended so that it shall be read and construed for all purposes as set out in this Clause 2.

  

	2.2	Clause 17.8.3 of the Share Purchase Agreement shall be deleted in its entirety and replaced by the following new Clause 17.8.3: 

“17.8.3 The parties acknowledge and agree that, at any time during the period commencing on the date of this Agreement and ending on
the Designation Time, the Purchaser shall have the right to designate by notice in writing to the Sellers, Hindustan Zinc Limited or an entity controlled by the Purchaser’s Guarantor (the “Purchaser’s Assignee”) in the
Purchaser’s place as the purchaser of the Namibia Shares and/or the Lisheen Shares and/or the BMM Shares under this Agreement and in respect of all other documents required for the Transaction to be delivered to or by the Purchaser (a
“Designation”) and provided that (i) in the case of a Designation in respect of the Namibia Shares or the Lisheen Shares, such Purchaser’s Assignee enters into a deed of adherence in a form satisfactory to the Sellers
acting reasonably; or (ii) in the case of a Designation in respect of the BMM Shares and the BMM Claims, the Purchaser’s Assignee enters into the Deed of Adherence Amendment Deed. 

For the purposes of this Clause 17.8.3 and Clause 17.8.4, the “Designation Time” shall mean:
(i) in the case of a Designation of a person as the purchaser of the Namibia Shares and/or the Lisheen Shares, 14:00 (Delhi time) on 3 December 2010; and (ii) in the case of a Designation of a person as the purchaser of the BMM
Shares, the earlier of (x) 11:00 (Delhi time) on 17 December 2010 and (y) the date which is six (6) Business Days prior to the tenth (10th) BMM Business Day following fulfillment of the BMM Conditions.” 

 

	2.3	Clause 17.8.4 of the Share Purchase Agreement shall be deleted in its entirety. 

 

	2.4	Clause 17.8.5 shall be deleted in its entirety and replaced by the following new Clause 17.8.5: 

“17.8.5     Subject to Clause 17.8.8, once made, any Designation shall be irrevocable and incapable of being
withdrawn, and any purported withdrawal or revocation of such Designation shall be invalid, unless otherwise agreed in writing by the Parties.” 
  

	2.5	A new Clause 17.8.8 shall be added to the Share Purchase Agreement as follows: 

“17.8.8 The parties acknowledge and agree that the Designation of Pecvest (17) Proprietary Limited, a
company incorporated in the Republic of South Africa with registered number 2010/018500/07 whose registered office is at Houghton Estate Office Park 2nd Floor Palm Grove, 2 Osborne Road, Houghton, Johannesburg, 21 (“Pecvest”), as the Purchaser of the BMM
Shares by Notice dated 1 December 2010 (the “Designation Notice”) shall, with 

 
effect from BMM Designation Substitution, be revoked and be of no further effect. For the avoidance of doubt, such revocation shall not affect the Designations of the relevant Purchaser’s
Assignees in respect of the Namibia Shares and the Lisheen Shares, respectively, provided for in the Designation Notice.” 
  

	2.6	A new Clause 17.8.10 shall be added to the Share Purchase Agreement as follows: 

 “17.8.9 For the purposes of this Clause 17.8: 
 “BMM Designation
Substitution” means the later of: 
 (i)     receipt by the BMM Seller of a BMM Designation
Substitution Notice; and 
 (ii)    execution and delivery by each of the persons named as parties thereto of
the Deed of Adherence Amendment Deed; 
 “BMM Designation/Substitution Notice” has the meaning given to it in
clause 3.1.1 of the Second Amendment Agreement; 
 “Deed of Adherence Amendment Deed” has the meaning given to
it in clause 3.1.2 of the Second Amendment Agreement; and 
 “Second Amendment Agreement” means the Second Deed
of Amendment amending this Agreement made between the Parties and dated 16 December 2010.” 
  

	2.7	A new sub-Clause 17.18A shall be added to the Share Purchase Agreement as follows: 

 

	“17.18A	Further provisions in respect of Notices 

  

	17.18A.1	This Clause shall apply in any circumstances where the Purchaser (which expression shall, for all purposes of this Clause 17.18A, include Welter Trading Limited as the
Purchaser before giving effect to any Designation) has given or sent, or purported to have given or sent, any Notice to a Seller and such Notice has not been timely received by such Seller (subject to Clause 17.18A.2, a “Relevant
Notice”). 

  

	17.18A.2	“Relevant Notice” shall not include a Notice which is deemed to have been received, in accordance with Clause 17.17.6, prior to any latest date and/or time
specified in this Agreement for the giving, sending or receiving of such Notice, as the case may be. 

  

	17.18A.3	If a Seller or any member of the Sellers’ Group (each a “Relevant Person”) takes any action, or omits to take any action, on the assumption or
basis of a Relevant Notice having been timely delivered or which is consistent with a Relevant Notice having been timely delivered: 

	 	(i)	each of the Purchaser and the Purchaser’s Guarantor severally agrees to the fullest extent permitted by law not to, and to procure that any persons asserting
claims on behalf of or in right of it, shall not, assert or make any claim that such Relevant Notice has not been timely delivered or make or pursue any claim against any Relevant Person arising out of, directly or indirectly, any failure by a
Seller to perform or satisfy, in whole or in part, any obligation or liability imposed on a Seller under this Agreement or any breach by a Seller of any provision of this Agreement (including any Sellers’ Warranty) which obligation or liability
would have been capable of being performed or satisfied by such Seller, as and when arising and in accordance with this Agreement, or which breach would not have occurred, had such Relevant Notice been timely received or which obligation, liability
or breach would not have arisen or would be less onerous or the consequences thereof would be less material had such Relevant Notice been timely received. 

  

	 	(ii)	the Purchaser’s Guarantor hereby undertakes with each Relevant Person to the fullest extent permitted by law, to indemnify and hold each Relevant Person harmless
from and against: 

  

	 	(a)	all and any claims, actions, proceedings, investigations or demands made by a person other than a Relevant Person and judgments and awards to a person other than a
Relevant Person (each a “Claim”) which are made against any Relevant Person; and 

  

	 	(b)	all losses, liabilities, damages, costs, charges and/or expenses, including (without limitation) legal expenses and Taxation (together “Losses”)
incurred by any Relevant Person arising as a result of a Claim, 

 in connection with or arising, directly or
indirectly, out of any action taken or omitted to be taken by a Relevant Person on the assumption or basis that a Relevant Notice had been timely delivered or which is consistent with a Relevant Notice having been timely received, in each case, to
the extent that such Losses would not have been incurred or would have been less if such Relevant Notice had been timely delivered, including, but not limited to, all expenses incurred in investigating, preparing for or disputing or defending or
providing evidence in connection with any Claim (whether or not a Relevant Person is an actual or potential party to such Claim) or in establishing its right to be indemnified pursuant to this Clause 17.18A or mitigating any Losses or in seeking
advice regarding any Claim and without prejudice to any rights any Relevant Person may have at common law or otherwise; 
  

	 	(iii)	the indemnity set out in this Clause 17.18A shall further extend (but shall not be limited) to all Claims made against any Relevant Person and to all Losses incurred by
such Relevant Person in connection with a Claim based upon or attributable to, directly or indirectly: 

	 	(a)	a Relevant Person failing to perform, satisfy or comply with any obligation which obligation would not have arisen had such Relevant Notice been timely received; or

  

	 	(b)	a Relevant Person waiving, or being deemed to have waived, or not enforcing any right, benefit or entitlement which a Relevant Person would have, or would have had,
under this Agreement if such Relevant Notice had not been treated as timely delivered. 

  

	17.18A.4	References in this Clause 17.18A to a Notice being timely received or timely delivered means received or delivered in accordance with this Agreement and prior to any
latest date and/or time specified in this Agreement for the giving, sending or receiving of such Notice, as the case may be, but nothing in this Clause 17.18A shall constitute any acknowledgement, confirmation or admission on the part of any Party
that a Notice has or has not been timely delivered or timely received. 

  

	17.18A.6	The indemnity contained in Clause 17.18A.3(ii) and (iii) shall not extend to any Losses suffered by any Relevant Person if: 

(i) it is not permitted by law or statute from time to time in force; or 

(iii) notification of a claim to be indemnified pursuant to Clause 17.18A.3(ii) and/or (iii) (a “Notice Indemnity
Claim”) setting out reasonable information in relation to the legal and factual basis of the claim has not been received by the Purchaser’s Guarantor on or before the date falling 4 years from the BMM Completion Date. 

 

	17.18A.7	The Sellers will, no later than 20 Business Days of the date on which the Sellers become aware of a Notice Indemnity Claim or any fact, matter or circumstance which may
give rise to a Notice Indemnity Claim, notify the Purchaser’s Guarantor in writing of such fact, matter or circumstance setting out such information as is available to the Sellers so as to enable the Purchaser’s Guarantor to assess the
merits of the claim, to act to preserve evidence and to make such provision as the Purchaser’s Guarantor may consider necessary, provided that failure in notifying in accordance with this Clause 17.18A.7 shall not prevent the Sellers from
bringing a claim under the indemnity contained in Clause 17.18A.3(ii) and/or (iii) except that the Purchaser’s Guarantor shall not be liable in respect of the relevant claim to the extent that the Purchaser’s Guarantor has been
prejudiced by such failure. 

  

	17.18A.8	The Sellers shall procure that no admissions in relation to a Notice Indemnity Claim shall be made by or on behalf of the Sellers or any other Relevant Person and the
Notice Indemnity Claim shall not be compromised, disposed of or settled by any Relevant Person without the written consent of the Purchaser’s Guarantor. 

 

	17.18A.9	 The Sellers shall consult with the Purchaser’s Guarantor in relation to the conduct of a Notice Indemnity Claim and take reasonable account

	 	
of the views of the Purchaser’s Guarantor before taking any action in relation to such Notice Indemnity Claim. 

 

	l7.18A.10	The Purchaser’s Guarantor shall be entitled at its own expense and in its absolute discretion, by notice in writing to the Sellers, to take such action as it shall
deem necessary to avoid, dispute, deny, defend, resist, appeal, compromise or contest a Notice Indemnity Claim (including, without limitation, making counterclaims or other claims against third parties) in the name of and on behalf of any Relevant
Person concerned and to have the conduct of any related proceedings, negotiations or appeals provided that nothing in this Clause 17.8A.10 shall entitle the Purchaser’s Guarantor to compromise or settle any Notice Indemnity Claim for an amount
in excess of the amount referred to in Clause 17.18A.16. 

  

	17.18A.11	The Sellers shall, or the Sellers shall procure that any Relevant Person shall, take such action as the Purchaser’s Guarantor may reasonably request to avoid,
dispute, deny, defend, resist, appeal, compromise or contest a Notice Indemnity Claim provided that the Sellers shall not be required to take any action to avoid, dispute, deny, defend, resist, appeal, compromise or contest such claim against any
national, provincial or local government or regulatory authority or body in South Africa, if, in the reasonable opinion of the Sellers, the taking of such action would materially and adversely affect the relationship of the Sellers or any Relevant
Person with such government, authority or body to the material detriment of the business of such Relevant Person as carried on in that jurisdiction but if the Sellers decline to take any such action as aforesaid the Purchaser’s Guarantor shall
be entitled at its own expense and in its absolute discretion, by notice in writing to the Sellers, to take such action as it shall deem necessary to enforce such recovery (including without limitation, making counterclaims or other claims against
such government, authority or body) in the name of and on behalf of any Relevant Person concerned and to have the conduct of any related proceedings, negotiations or appeals subject to, if required by the Sellers, disclosing to such government,
authority or body that such claim is being conducted by the Purchaser’s Guarantor and the provisions of this Clause 17.18A.11 shall, in such circumstances and for the avoidance of doubt, apply. 

 

	17.18A.12	The Sellers shall, and the Sellers shall procure that any Relevant Person shall give, subject to their being paid all costs and expenses in accordance with Clause
17.18A.13, all such information and assistance including access to premises and personnel and the right to examine and copy or photograph any assets, accounts, documents and records, as the Purchaser’s Guarantor may reasonably request,
including instructing such professional or legal advisers as the Purchaser’s Guarantor may nominate to act on behalf of the Sellers or any Relevant Person concerned, but in accordance with the Purchaser’s Guarantor’s instructions.

  

	17.18A.13	 The Purchaser’s Guarantor shall indemnify and reimburse the Sellers 

	 	
(or any Relevant Person) against any costs or expenses in respect of taking any such action as is referred to in Clauses 17.18A.10 to 17.18A.12 and any Losses incurred by such persons as a result
of taking any such action. 

  

	17.18A.14	The Purchaser’s Guarantor shall not be liable under the indemnity contained in Clause 17.18A.3(ii) and (iii) to the extent that the Sellers’ failure to
comply with its obligations under Clauses 17.18A.7 to 17.18A.13 in any material respect or to give consent under Clause 17.18A.10 has created or increased any Losses in respect of the relevant Notice Indemnity Claim. 

 

	17.18A.15	The Sellers shall not be entitled to make any claim in connection with a Notice Indemnity Claim otherwise than under the terms of this Clause 17.18A.

  

	17.18A.16	The maximum aggregate liability of the Purchaser’s Guarantor under the indemnity contained in Clause 17.18A.3(ii) and (iii)shall not under any circumstances exceed
USD 40 million. 

  

	3.	PROVISIONS WITH RESPECT TO BMM DESIGNATION 

  

	3.1	Delivery of BMM Designation Revocation/Substitution Notice and Deed of Adherence Amendment 

Not later than the second Business Day following the date of this Deed, the Purchaser’s Guarantor shall procure that: 

3.1.1 there is delivered to the BMM Seller a Notice in form reasonably satisfactory to the BMM Seller and signed by or on behalf of each
of the Welter, Pecvest and the Purchaser’s Guarantor (a “BMM Designation Substitution Notice”) revoking the Designation of Pecvest as the Purchaser of the BMM Shares and the BMM Claims and containing a Designation of THL Zinc
Ltd (formerly known as Twin Star Energy Ventures Limited), a company incorporated in Mauritius with registration number C079554 C1/GBL whose registered office is at Rogers House, 5 President John Kennedy Street, Port Louis, Mauritius ( “THL
Zinc”) as the Purchaser’s Assignee in respect of the BMM Shares and BMM Claims under this Agreement; and 
 3.1.2
each of Welter and the Purchaser’s Assignees shall execute and deliver, and the Purchaser’s Guarantor shall execute and deliver, to the BMM Seller and the Sellers’ Guarantor the Deed of Adherence Amendment Deed in the Agreed Terms
(the “Deed of Adherence Amendment Deed”). 
  

	3.2	Sellers’ Execution of Deed of Adherence Amendment 

 Not later than the second Business Day following the date of this Deed, the Sellers’ Guarantor shall procure that each of the Sellers shall execute and deliver, and the Sellers’ Guarantor shall
execute and deliver, to Welter, Pecvest, THL and the Purchaser’s Guarantor, the Deed of Adherence 

 
Amendment Deed. 
  

	4.	CONTINUITY AND FURTHER ASSURANCE 

  

	4.1	Continuing Obligations 

The provisions of the Share Purchase Agreement shall, save as amended by this Deed, continue in full force and effect. 

 

	4.2	Further Assurance 

 The
Parties shall, at the request of another, do all such acts and things necessary or desirable to give effect to the amendments effected or to be effected pursuant to this Deed. 

 

	5.	FEES, COSTS AND EXPENSES 

The Parties shall each pay their own costs and expenses in relation to the negotiations leading up to and the preparation, execution and
carrying into effect of this Deed and all other documents executed pursuant hereto and any transactions contemplated by this Deed. 
  

	6.	MISCELLANEOUS 

  

	6.1	Governing Law 

 This Deed
and any non-contractual obligations arising out of or in connection with it shall be governed by and construed in accordance with English law. 
  

	6.2	Counterparts 

 This Deed
may be entered into in any number of counterparts, all of which taken together shall constitute one and the same instrument. Any Party may enter into this Deed by executing such a counterpart. 

AS WITNESS WHEREOF this Deed has been executed and delivered as deed by the Parties on the day and year first above written. 

							
	EXECUTED as a DEED	 	)	 		 	
	by ANGLO OPERATIONS	 	)	 		 	
	LIMITED	 	)	 		 	
	acting by	 	)	 		 	
	DUNCAN GRAHAM WANBLAD	 	)	 		 	
				
		 		 		 	 /s/ Duncan Graham Wanblad

		 		 		 	Authorised signatory
	EXECUTED as a DEED	 	)	 		 	
	by TAURUS INTERNATIONAL	 	)	 		 	
	S.A. acting by	 	)	 		 	
	DUNCAN GRAHAM WANBLAD	 	)	 		 	
				
		 		 		 	 /s/ Duncan Graham Wanblad

		 		 		 	Authorised signatory
	EXECUTED as a DEED	 	)	 		 	
	by ANGLO SOUTH AFRICA	 	)	 		 	
	CAPITAL (PTY) LTD.	 	)	 		 	
	acting by	 	)	 		 	
	DUNCAN GRAHAM WANBLAD	 	)	 		 	
				
		 		 		 	 /s/ Duncan Graham Wanblad

		 		 		 	Authorised signatory

							
	EXECUTED as a DEED	 	)	 		 	
	by ANGLO AMERICAN	 	)	 		 	
	SERVICES (UK) LIMITED	 	)	 		 	
	acting by	 	)	 		 	 /s/ Duncan Graham Wanblad

	Duncan Wanblad	 	)	 		 	
	in the presence of	 	)	 		 	
		 	)	 		 	

  

	
	 /s/ Amanda Jane Wanblad

	Witness’ signature
	
	 AMANDA JANE WANBLAD

	Witness’ name
	
	 1 RICHMOND PLACE

	
	 GERRARDS CROSS, UK

	Witness’ address
	
	 HOUSE WIFE

	Witness’ occupation

							
	EXECUTED as a DEED	 	)	 		 	
	by WELTER TRADING	 	)	 		 	
	LIMITED	 	)	 		 	
	acting by its duly authorized attorneys	 	)	 		 	
		 	)	 		 	
	in the presence of	 	)	 		 	
		 	)	 		 	 /s/ Kishore Kumar

  

	
	 /s/ Simwanza Saviour

	Witness’ signature
	
	 SIMWANZA SAVIOUR

	Witness’ name
	
	 H/NO 2504 K/EAST, KITWE

	
	 ZAMBIA

	Witness’ address
	
	 EXECUTIVE ASSISTANT TO THE CEO

	Witness’ occupation

  

							
	EXECUTED as a DEED	 	)	 		 	
	by THL ZINC LIMITED	 	)	 		 	
	acting by its duly authorized attorneys	 	)	 		 	
		 	)	 		 	
	in the presence of	 	)	 		 	
		 	)	 		 	  

  

	
	  

	Witness’ signature
	  

	Witness’ name
	  

	
	  

	Witness’ address
	  

	Witness’ occupation

							
	EXECUTED as a DEED	 	)	 		 	
	by WELTER TRADING	 	)	 		 	
	LIMITED	 	)	 		 	
	acting by its duly authorized attorneys	 	)	 		 	
		 	)	 		 	
	in the presence of	 	)	 		 	
		 	)	 		 	 /s/ Deepak Kumar

  

	
	  

	
	Witness’ signature
	
	 /s/ S. Hanif

	
	Witness’ name
	
	 S. Hanif

	
	 Satvinder Hanif

	
	Witness’ address
	
	 8 Kennedy Close Relts wood BR5 1HP

	
	Witness’ occupation

  

							
	EXECUTED as a DEED	 	)	 		 	
	by THL ZINC LIMITED	 	)	 		 	
	acting by its duly authorized attorneys	 	)	 		 	
		 	)	 		 	
	in the presence of	 	)	 		 	
		 	)	 		 	  

  

	
	  

	Witness’ signature
	  

	Witness’ name
	  

	
	  

	Witness’ address
	  

	Witness’ occupation

							
	EXECUTED as a DEED	 	)	 		 	
	by WELTER TRADING	 	)	 		 	
	LIMITED	 	)	 		 	
	acting by its duly authorized attorneys	 	)	 		 	
		 	)	 		 	
		 	)	 		 	
	in the presence of	 	)	 		 	  

  

	
	  

	Witness’ signature
	
	  

	Witness’ name
	
	  
  

 

	Witness’ address
	
	  

	Witness’ occupation
	

  

							
	EXECUTED as a DEED	 	)	 		 	
	by THL ZINC LIMITED	 	)	 		 	
	acting by its duly authorized attorneys	 	)	 		 	
	TARUN JAIN	 	)	 		 	
	in the presence of	 	)	 		 	
		 	)	 		 	 /s/ Tarun Jain

  

	
	 /s/ Pooja Somani

	Witness’ signature
	
	 POOJA SOMANI

	Witness’ name
	
	 1805, SILVEROAK, RAHEJA

	
	 WILLOWS, KANDIVALI (E), MUMBAI

	Witness’ address
	
	 SERVICE

	Witness’ occupation
	

							
	 EXECUTED as a DEED
 by WELTER TRADING
 LIMITED
	 	 )
 )

)
	 		 	
	acting by its duly authorized attorneys	 	)	 		 	
		 	)	 		 	
	in the presence of	 	)	 		 	
		 	)	 		 	  

  

	
	
	  

Witness’ signature

	
	  
 Witness’
name

	
	  

	
	  
 Witness’
address

	
	  
 Witness’
occupation

  

							
				
	 EXECUTED as a DEED
 by THL ZINC LIMITED

acting by its duly authorized attorneys
	 	 )
 )

)
	 		 	
	D.D. Jalan	 	)	 		 	
				
	in the presence of	 	)	 		 	
		 	)	 		 	 /s/ D.D. Jalan

  

	
	 /s/ Sonil Bohra
 Witness’ signature

	
	 SONIL BOHRA

	Witness’ name
	
	 YASHAD BHAWAN

	
	 UDAIPUR - 313004, RAJASTHAN, INDIA

	Witness’ address
	
	 SERVICE

	Witness’ occupation

							
	EXECUTED as a DEED	 	)	 		 	
	 by LABAUME B.V.
	 	)	 		 	
	acting by its duly authorized attorneys	 	)	 		 	
	TARUN JAIN	 	)	 		 	
	in the presence of	 	)	 		 	
		 	)	 		 	 /s/ Tarun Jain

  

	
	
	 /s/ Pooja Somani

	Witness’ signature
	
	 POOJA SOMANI

	Witness’ name
	
	 1805, SILVEROAK, RAHEJA

	
	 WILLOWS, KANDIVALI (E) MUMBAI

	Witness’ address
	
	 SERVICE

	Witness’ occupation

  

							
				
	EXECUTED as a DEED	 	)	 		 	
	by PECVEST 17	 	)	 		 	
	(PROPRIETARY) LIMITED	 	)	 		 	
	acting by its duly authorized attorneys	 	)	 		 	
		 	)	 		 	
	in the presence of	 	)	 		 	
		 	)	 		 	  

  

	
	  

	Witness’ signature
	
	  

	Witness’ name
	
	  

	
	  

	Witness’ address

							
	EXECUTED as a DEED	 	)	 	 	 	 
	by LABAUME B.V.	 	)	 		 	
	acting by its duly authorized attorneys	 	)	 		 	
		 	)	 		 	
	in the presence of	 	)	 		 	
		 	)	 		 	 /s/ Deepak Kumar

  

	
	
	 /s/ S.Hanif

	Witness’ signature
	
	 S.Hanif

	Witness’ name
	
	 Satvinder Hanif

	
	  

	Witness’ address
	
	 8 Kennedy Close Relts wood BR5 1HP

	 Witness’ occupation
  

PA

  

							
	EXECUTED as a DEED	 	)	 		 	
	by PECVEST 17	 	)	 		 	
	 (PROPRIETARY) LIMITED

acting by its duly authorized attorneys
	 	 )
 )
	 		 	
				
		 	)	 		 	
	in the presence of	 	)	 		 	
		 	)	 		 	 /s/ Deepak Kumar

  

	
	 /s/ S.Hanif

	Witness’ signature
	
	 S.Hanif

	Witness’ name
	
	 Satvinder Hanif

	
	 8 Kennedy Close Relts wood BR5 1HP

	 Witness’ address
  

PA

							
	EXECUTED as a DEED	 	)	 		 	
	by LABAUME B.V.	 	)	 		 	
	acting by its duly authorized attorneys	 	)	 		 	
		 	)	 		 	
	in the presence of	 	)	 		 	
		 	)	 		 	  

  

	
	  

	Witness’ signature
	
	  

	Witness’ name
	
	  

	
	  

	Witness’ address
	
	  

	Witness’ occupation

  

							
	EXECUTED as a DEED	  	)	  		 	
	by PECVEST 17	  	)	  		 	
	(PROPRIETARY) LIMITED	  	)	  		 	
	acting by its duly authorized attorneys	  	)	  		 	
	D.D. Jalan	  	)	  		 	
	in the presence of	  	)	  		 	
		  	)	  		 	 /s/ D.D. Jalan

  

	
	 /s/ Sonil Bohra

	Witness’ signature
	
	 SONIL BOHRA

	Witness’ name
	
	 YASHAD BHAWAN

	
	 UDAIPUR 313004, RAJASTHAN INDIA

	Witness’ address

	
	 SERVICE

	Witness’ occupation

  

									
	EXECUTED as a DEED	  	)	 		 		  	
	by VEDANTA RESOURCES PLC	  	)	 		 		  	
	acting by its duly authorized attorneys	  	)	 		 		  	
		  		 		 		  	
		  	)	 		 		  	
	in the presence of	  	)	 		 		  	
		  	)	 		 	  
	  	

  

	
	  

	Witness’ signature
	
	  

	Witness’ name
	
	  

	
	  

	Witness’ address
	
	  

	Witness’ occupation

  

	
	  

	Witness’ occupation

  

							
	EXECUTED as a DEED	  	)	 		 	
	by VEDANTA RESOURCES PLC	  	)	 		 	
	acting by its duly authorized attorneys	  	)	 		 	
		  	)	 		 	
	in the presence of	  	)	 		 	
		  	)	 		 	 /s/ Deepak Kumar

  

	
	 /s/ S. Hanif

	Witness’ signature
	
	 S. Hanif

	Witness’ name
	
	 Satvinder Hanif

	
	  

	Witness’ address
	
	 8 Kennedy Close Relts wood BR5 1HP

	Witness’ occupation
	PA

	
	  

	Witness’ occupation

  

							
	EXECUTED as a DEED	  	)	 		 	
	by VEDANTA RESOURCES PLC	  	)	 		 	
	acting by its duly authorized attorneys	  	)	 		 	
		  	)	 		 	
	in the presence of	  	)	 		 	
		  	)	 		 	 /s/ Kishore Kumar

  

	
	 /s/ Simwanza Saviour

	Witness’ signature
	
	 SIMWANZA SAVIOUR

	Witness’ name
	
	 H/No 2504 K/EAST, KITWE

	
	 ZAMBIA

	Witness’ address
	
	 EXECUTIVE ASSISTANT TO THE CEO

	Witness’ occupationLetter of Credit Facility Agreement dated December 18, 2010

 Exhibit 4.64 
 LETTER OF CREDIT FACILITY AGREEMENT 
 THIS FACILITY AGREEMENT made this 18 day of
December Two Thousand and Ten BETWEEN Bharat Aluminium Company Limited a public limited company within the meaning of the Companies Act, 1956 and having its Registered Office at Aluminium Sadan, Core 6-Scope Office Complex, 7 Lodhi Road, New
Delhi-1l0003__and Plant and Works at Balco Nagar, Korba in the State of Chhattisgarh-495684, India (the “Company”, which expression shall, unless it be repugnant to the subject or context thereof, include its successors and permitted
assigns) of the ONE PART 
 AND 
 ICICI Bank LIMITED, a public company within the meaning of the Companies Act, 1956 and a banking company within the meaning of the Banking Regulation Act, 1949 and having its Registered Office at
Landmark, Race Course Circle, Vadodara 390 007 and its Corporate Office at ICICI Bank Towers, Bandra Kurla Complex, Mumbai 400051 and its Zonal/Regional/Branch Office at Korba (“ICICI Bank”, which expression shall, unless it be repugnant
to the subject or context thereof, include its successors and assigns) of the OTHER PART. 

  
 1 

 ARTICLE I 
 DEFINITIONS 
 In the Facility Agreement and the General Conditions, unless there
is anything repugnant to the subject or context thereof, the expressions listed below shall have the following meanings viz: 
  

	 	(a)	“Applicable Rate” means the rate specified as Applicable Rate of Interest in the Schedule I hereto. 

 

	 	(b)	“Applicable Rate of Exchange” means - 

 i) in case a forward exchange contract /swap has not been booked by the Company with ICICI Bank, the applicable foreign currency bill selling rate of ICICI Bank prevailing on the Date of Crystalisation.
Provided however, that if the relevant rate of exchange not quoted or not available for any reason on such days, then the rate prevailing on the immediately next Business Day when such rate shall be quoted or be available shall be the applicable
rate of exchange; 
 ii) the forward exchange contract /swap rate in case a forward exchange contract /swap has been booked by
the Company with ICICI Bank. 
  

	 	(c)	“Bills Outstanding” means the sum of the payments due from the Company under the LCs for which the Documents have been presented to ICICI Bank but
reimbursement/payment has not yet been made by the Company to ICICI Bank. 

  

	 	(d)	“Bills” means bills of exchange drawn under LCs. 

  

	 	(e)	“Business Day” means a day on which the Corporate office of ICICI Bank or such other office as may be notified by ICICI Bank to the Company, is open for
normal business transactions. 

  
 2 

	 	(f)	“Commitment” means the period between the date of LC opening and the last date for presentation of documents as mentioned in the LC. 

 

	 	(g)	Bank under the LC in the case of a Sight LC, or the date of maturity in the case of a Usance LC. 

 

	 	(h)	“Credit Arrangement Letter (CAL)” means the letter number CBG/2010/CMOG No. 01/W01MUM/28117 dated 08.09.2010 and CBG/2010/CMOG No. 01/W01MUM/29705
dated 24.11.2010 issued in connection with sanction of the Facilities. The CAL shall be read in conjunction with the provisions of this Agreement and shall form an integral part of this Agreement. All references to this Agreement shall include the
reference to CAL wherever applicable. To the extent of any inconsistency or repugnancy, the contents of this Agreement shall prevail to all intents and purposes. The expression “CAL” shall include all amendments to the CAL.

  

	 	(i)	“Defaulted Amounts” -shall have the meaning ascribed thereto in Section 2.3(e) hereof. 

 

	 	(j)	“Date of Crystalisation” means the 10th day after the date of receipt of Documents by ICICI 

 

	 	(k)	“Documentary Credit Application/(s)” means the Company’s application/(s) to ICICI Bank for opening LC and all supporting documents furnished by the
Company in respect thereof to ICICI Bank. 

  

	 	(l)	“Documents” mean the documents as specified under LC (including the Bills) and drawn up in accordance with the terms of the LC opened under the Facility.

  

	 	(m)	“Due Date” means, in respect of any amount payable under the Facility Agreement, the date on which such amount falls due in terms of the Facility Agreement.

  

	 	(n)	“Facility” shall have the meaning ascribed thereto in Section 2.1 hereof. 

  
 3 

	 	(o)	“FEDAI” means Foreign Exchange Dealers Association of India. 

  

	 	(p)	“General Conditions” means the General Conditions—LC applicable to Letter of Credit Facilities provided by ICICI Bank. The Facility hereby agreed to be
provided by ICICI Bank shall be subject to the Company complying with the terms and conditions set out herein and also in the General Conditions, which is annexed hereto. The General Conditions shall be deemed to form part of the Facility Agreement
and shall be read as if they are specifically incorporated herein. 

  

	 	(q)	“Goods” mean goods described in the Documentary Credit Application. 

 

	 	(r)	“ICICI Bank Base Rate” means the percentage rate per annum decided by the Bank from time to time and announced / notified by the Bank from time to time as its
Base rate. 

  

	 	(s)	“LC outstanding” means the sum of the value of all the LCs opened by ICICI Bank on behalf of the Company for which the Documents have hot been presented to
ICICI Bank. 

  

	 	(t)	“Letter of Credit” or “LC” means the Letter of Credit issued/opened by ICICI Bank as per the Documentary Credit Application under the Facility.

  

	 	(u)	“Project” means the aluminum smelter plant of a capacity of 325,000 tonnes per annum being set up by the Borrower at Korba in Chhattisgarh, India and also the
setting up of the captive power plant of 1200 mega watt being set up by the Borrower. 

  

	 	(v)	“RBI” means Reserve Bank of India. 

  

	 	(w)	“Sight LC” means the LC which provides for payment by ICICI Bank to the negotiating bank on presentation of Documents drawn under the LC.

  

	 	(x)	“Suppliers” means the suppliers of Goods as per the terms of the LC. 

  
 4 

	 	(y)	“SWIFT” means Society for World Wide International Financial Telecommunications 

 

	 	(z)	“Usance LC” means the LC which provides for payment on maturity as per the terms of the L.C. 

All capitalised terms used but not defined in the Facility Agreement shall have the respective meanings assigned to them under the General Conditions.

 ARTICLE II 
 AMOUNT AND TERMS Of FACILITY 
  

	2.1	AMOUNT 

 At the request of the
Company, ICICI Bank has agreed to open Letters of Credit in foreign currencies in favour of the Suppliers for amounts equivalent in the aggregate to Rs. 2.50 billion (“the Facility”) from time to time, on the terms and conditions contained
herein as also in the General Conditions and Documentary Credit Application(s). 
 Provided that the sum total of LC Outstanding
and Bills Outstanding under the Facility shall not at any point of time exceed the amount of the Facility. 
  

	2.2	COMMISSION/CHARGES 

 a) The
Company shall pay to ICICI Bank non-refundable commissions/charges in respect of the LCs at the rate and on the dates specified in the Schedule I hereto. 
 (b) The Company shall also pay to ICICI Bank on demand the charges that may be levied as per FEDAI rules in force from time to time for any early/late delivery of the relevant foreign exchange/currency
under the forward exchange contract, if any, booked by the Company. 

  
 5 

	2.3	PAYMENTS AND INTEREST 

  

	(a)	The Company shall accept and /or pay all Bills drawn pursuant to the terms of the LCs and pay for all the Documents negotiated thereunder in accordance with the terms
thereof, as also any payment made or liability incurred by IClCI Bank under the LC and/or the Facility on behalf of the Company, together with interest, costs, charges and expenses due to ICICI Bank in respect thereof as hereinafter mentioned.

  

	(b)	The Company shall make due payment/reimbursement to ICICI Bank of the amount payable/paid by ICICI Bank in respect of the Company’s liability under the-

  

	 	(i)	Sight LC, on presentation of Documents; and 

  

	 	(ii)	Usance LC, on the date of its maturity. 

  

	(c)	The Company shall pay to ICICI Bank interest on amounts paid by ICICI Bank in respect of the Company’s liability under the Sight LC at the Applicable Rate for the
period from the date of payment by ICICI Bank under the Sight LC upto the date of payment/reimbursement by the Company or the Date of Crystalisation, whichever is earlier and such interest shall be payable on the date of payment/reimbursement by the
Company of the amounts payable under the LC or the Date of Crystalisation, as the case may be. 

  

	(d)	If, on default by the Company in paying / reimbursing amounts paid/payable by ICICI Bank in respect of the Company’s liability under the LCs on the Date of
Crystalisation, ICICI Bank is called upon/required to pay or paid, all or any of the monies in pursuance of the LCs, the Company shall forthwith pay to ICICI Bank, all amounts payable or as the case may be, paid by ICICI Bank under the LCs.

  

	(e)	Notwithstanding the above and without prejudice to ICICI Bank’s rights under the Facility Agreement, ICICI Bank shall be at liberty to crystalise on the Date of
Crystalisation, the Company’s outstanding liability in respect of the LCs by converting the foreign currency amount into Rupees, whereupon the Company shall be liable to pay ICICI Bank the Indian Rupee equivalent of such foreign currency amount
as calculated at the Applicable Rate of Exchange (the “Defaulted Amounts”) and until such payment by the Company, the same shall unless otherwise agreed to by ICICI Bank in writing be deemed to be on demand loan to the Company.

  

	(f)	 The Company shall pay to ICICI Bank interest on the Defaulted Amounts at the

  
 6 

	 	
Applicable Rate + 10% over the 1CICI Bank Base Rate. Such interest shall be paid on demand. 

  

	(g)	The crystalisation of the Company’s liability and charging of interest at a higher rate as above shall not be deemed to create any right in the Company to default
in making payments when due. 

  

	(h)	The Company shall pay to ICICI Bank interest on all other monies payable to ICICI Bank under the Facility Agreement, at the Applicable Rate + 10% over the ICICI Bank
Base Rate. Such interest shall be payable on the dates specified in Sub-clause (f) above. 

  

	(i)	All interest on all monies accruing due under the Facility Agreement shall, in case the same be not paid on the respective Due Dates, carry further interest at the
Applicable rate + 10% over the ICICI Bank Base Rate. Such interest will be computed from the respective Due Dates and shall become payable upon the footing of compound interest with quarterly rests and shall be payable on the dates specified in
Sub-clause (f) above. 

  

	(j)	The interest rates mentioned in Sub-clauses (f), (h) and (i) above shall until creation of full and final security for the Facility as specified in Article IV
hereof in favour of ICICI Bank be increased by the same percentage as specified in Section2.2 (b) hereof. 

  

	(k)	All provisions in the Facility Agreement shall apply to all payments made by ICICI Bank in pursuance of the LCs. 

 

	2.5	COMPUTATION OF INTEREST AND OTHER CHARGES 

 Interest and all other charges shall accrue from day to day and shall be computed on the basis of 365 days year and the actual number of days elapsed. 

 

	2.5	LAST DATE OF UTILISATION 

 Unless
ICICI Bank otherwise agrees, the Borrower can request ICICI Bank for issuance of LCs upto August 24, 2010. The tenor of such LCs shall have a maximum usance period of 3 years from the date of shipment/ dispatch of goods under the LCs.

  
 7 

 After August 24, 2010 only amendments to LCs issued within the validity period will be
permitted till August 24, 2014. 
 Maximum commitment period i.e, the period between the date of LC opening and the last
date for presentation of documents as mentioned in the LC shall not be more than 720 days. Notwithstanding the above, the total of the maximum commitment period and usance period cannot be beyond August 24, 2014. 

 

	2.6	IMPOSTS, COSTS AND CHARGES 

  

	 	a)	The Company shall, bear all interest tax as may be levied from time to time under the Interest Tax Act, 1974 and all other imposts, duties and taxes (of any description
whatsoever) as may be levied from time to time by the Government or other authority pertaining to or in connection with the Facility. 

  

	 	b)	The Company shall pay all costs, charges (including legal fees, cost of investigation of title to the Company’s assets and protection of ICICI Bank’s
interest), and expenses in any way incurred by ICICI Bank and such stamp duty, other duties, taxes, charges and penalties if and when the Company is required to pay according to the laws for the time being in force. 

 

	 	c)	In the event of the Company failing to pay the monies referred to in sub-clause (a) and (b) above, ICICI Bank will be at liberty (but shall not be obliged) to
pay the same. The Company shall reimburse all sums paid by ICICI Bank in accordance with the provisions contained herein. 

  

	 	d)	All payments and reimbursements by the Company under the Facility Agreement shall be made free and clear of and without any deduction, except to the extent that the
Company is required by law to make payment subject to any taxes. If any tax or amounts in respect of tax must be deducted, or any other deductions must be made, from any amounts payable or paid by the Company, the Company shall pay such additional
amounts as may be necessary to ensure that ICICI Bank receives a net amount equal to the full amount which it would have received had payment not been made subject to tax or other deduction. Provided that, all taxes required by law to be deducted by
the Company from any amounts of interest paid or payable under the Facility Agreement shall be paid by the Company when due and 

  
 8 

 the Company shall, within 30 days of the payment being made, deliver to ICICI Bank evidence
satisfactory to ICICI Bank (including all relevant tax receipts in originals) that the payment has been duly remitted to the appropriate authority. 
  

	2.7	DUE DATE OF PAYMENT 

 If the Due Date in respect
of any amounts including Defaulted Amounts, commission, charges and interest falls on a day which is not a Business Day at the place where the payment is to be made, the immediately preceding Business Day shall be the Due Date for such payment.

  

	2.8	LIQUIDATED DAMAGES ON DEFAULTED AMOUNTS 

 In case
of default in payment of any monies (except liquidated damages) including Defaulted Amounts, commission, charges and interest on their respective Due Dates, the Company shall pay on the defaulted amounts, liquidated damages at the rate
of    % per annum for the period of default. Liquidated damages shall be payable in the manner, and on the dates specified in Section 2.3(f) hereof. 

 

	2.9	REIMBURSEMENT OF EXPENSES 

  

	(a)	The Company shall reimburse all expenses incurred by ICICI Bank under the Facility Agreement within 20 Business Days from the date of notice of demand from ICICI Bank.
All such sums shall be debited to the Company’s Facility account and shall carry interest from the date of payment till such reimbursement at the Applicable Rate + 10% over the ICICI Bank Base Rate. 

 

	(b)	In case of default in making such reimbursement in accordance with Sub-clause (i) above within 20 Business Days from the date of notice of demand, the Company
shall also pay on the defaulted amounts, liquidated damages at the rate of 10% per annum in the expiry of 20 Business Days from the date of notice of demand till reimbursement, in accordance with the provisions of Section 2.8 hereof.

  

	2.10	APPROPRIATION OF PAYMENTS 

 The Company agrees
and confirms that ICICI Bank may at its absolute, appropriate any payments made by the Company under the Facility Agreement, towards the dues payable 

  
 9 

 by the Company to ICICI Bank under the Facility Agreement and/or other financing agreements entered into
between the Company and ICICI Bank with respect to this facility, and such appropriation by ICICI Bank shall be final and binding on the Company in all respects. 
  

	2.11	PLACE AND MODE OF PAYMENTS AND CREDIT THEREFOR 

Notwithstanding anything contained in the Facility Agreement, all monies payable by the Company under the Facility Agreement shall be payable in
equivalent rupees in lieu of foreign currencies. For the purpose of this Section the following conditions shall apply: 
  

	a)	The Rupee sum shall be the Rupee equivalent of the foreign currencies to be remitted on the Due Dates Inclusive of all commissions or other bank charges and out of
pocket expenses as determined by ICICI Bank. 

  

	b)	The Rupee sum shall be so paid by the Company as to enable ICICI Bank to realise the amounts at par on the Due Dates. 

	c)	The Rupee sum shall be paid by the Company to ICICI Bank at their office in Mumbai or to such other places as may be specified by them by telegraphic, telex or mail
transfer to the account of such offices or by cheque /bank draft drawn in favour of ICICI Bank on a Scheduled Bank at Mumbai or such other places or to such other accounts as ICICI Bank may notify to the Company and shall be so paid as to enable
ICICI Bank to realise the amounts at par. 

  

	d)	Credit for all payments by local cheque /bank draft will be given on the immediately next Business Day after the date of receipt of the instrument or the relative Due
Date, whichever is later. Credit for all payments by outstation cheque/bank draft will be given only on realisation or on the relative Due Date, whichever is later. 

 

	e)	For the purpose of Sub-clause (a) above a statement signed by a designated officer of ICICI Bank shall be sufficient evidence of the Rupee equivalent of the
foreign currencies, costs, commission, charges and expenses. 

  
 10 

	f)	Any difference on account of exchange fluctuations in the rates of foreign currencies involved between the payment made by the Company to ICICI Bank and the actual
amounts incurred by ICICI Bank as referred to in Sub-clause (a) above shall be borne by or be given credit to the Company. 

  

	2.12	SALE OF PLEDGED GOODS 

  

	(a)	On the happening of any of the Events of Default, ICICI Bank shall be entitled without prejudice to any of its other rights contained in the Facility Agreement or under
the law and without notice to the Company (which the Company hereby expressly waives), to sell the Goods whether before or after their arrival either by public auction or tender or by private contract and subject to such conditions as ICICI Bank may
deem fit to impose, or otherwise dispose of or deal with the Goods or any part thereof and/or with the relative documents of title to Goods in any manner whatsoever, without being bound to exercise any of these powers or liable for any loss in the
exercise or non-exercise thereof. The proceeds realised from sale of the Goods or transfer or any document of title, remaining after deducting therefrom the costs and expense of and incidental to such sale or transfer, shall be applied in or towards
payment or satisfaction of the amount(s) due to ICICI Bank in respect of any payment made by ICICI Bank under the Facility for the account of the Company, and interest thereon and all costs charges and expenses as hereinabove mentioned. The Company
shall accept ICICI Bank’s account of sale or realisation as conclusive evidence both in and out of court as to the amount(s) realised and expenses incurred, and shall pay forthwith any shortfall or deficiency remaining after such application.
ICICI Bank shall not be liable to the Company for any loss which may occur pending sale or disposal of the Goods and/or document of title of goods, whether by reason of theft, damage, deterioration or decay of the Goods or depreciation in the value
thereof or otherwise whatsoever be the cause. 

  

	(b)	The Company agrees and undertakes to sign, execute and deliver to ICICI Bank from time to time on demand made by ICICI Bank, such further or other deeds, documents and
writings and do all such acts, matters and things as may be required by ICICI Bank for better perfecting the title of ICICI Bank to the Goods and the Documents covered under the Facility and/or to render the same readily saleable or transferable by
ICICI Bank to any purchaser(s) at all time. 

  
 11 

	2.13	INSURANCE OF THE GOODS 

 The Company shall keep
the Goods further insured from the time of expiry of Insurance cover under the initial policy, or policies of insurance, against all risks which are normally covered for goods of the nature purchased under the Facility as also against such other
risk(s) as may be required by ICICI Bank, and in the event of the Company failing to do so, ICICI Bank shall be at liberty to insure the Goods at the cost and expenses of the Company without prejudice to the rights of ICICI Bank hereunder. Until all
the dues in respect of the Facility are paid in full, the Company shall forthwith pay ICICI Bank all moneys if received by the Company under any policy or policies of insurance and until payment to ICICI Bank of moneys received by the Company under
any policy or policies of Insurance, the Company shall hold the same in trust for ICICI Bank. 
  

	2.14	UNDERTAKING BY COMPANY 

  

	a)	The Company shall make adequate arrangement for retiring the Documents under the Facility and does not contemplate to seek any financial assistance from ICICI Bank for
such purpose. 

  

	b)	The Company shall furnish to ICICI Bank at the time of submitting the Documentary Credit Application, the following, duly completed: 

 

	 	i)	Order together with the order confirmation of Supplier, or 

  

	 	ii)	Proforma Invoice of Supplier duly countersigned by the Company; or 

  

	 	iii)	Indent/Offer from Supplier or his authorised agent together with the exchange control copy of the relative Import licence. 

 

	c)	The Company undertakes to submit to ICICI Bank the exchange control copy of the relative Customs Bills of Entry within the time limit stipulated by RBI.

  

	2.15	CONFIRMATION BY COMPANY 

  

	The	Company agrees, confirms and declares that- 

  

	(a)	the Documentary Credit Application shall be deemed to have been accepted when advice thereof has been sent to the beneficiary through SWIFT / Tested Telex / Airmail.

  

	(b)	the date of receipt of Documents by ICICI Bank under the Facility as registered in the records of ICICI Bank shall be conclusive and binding on the Company.

  
 12 

	(c)	the negotiations of the Documents drawn under the Facility shall be confined to ICICI Bank. 

 

	(d)	the import of Goods is/are not in contravention of Trade Policy/Exim Policy guidelines prescribed by the Government of India from time to time.

  

	(e)	it has a valid Import Export code number assigned by the Director General of Foreign Trade and is authorised to undertake imports of the Goods.

  

	(f)	the transaction covered under the Facility does not Involve and is not designed for the purpose of any contravention or evasion of the provisions of Foreign Exchange
Management Act, 1999 or of any rule, regulations, notifications direction or order made thereunder or of any other law, rule, regulation or direction. 

  

	(g)	the LC may be amended and/or modified for an increased limit on the Company giving ICICI Bank written instruction for the same and in such an event, such amendment/
modification will be deemed to form part of the Documentary Credit Application and will be governed by the terms hereof and the Company agrees, covenants, records and confirms that it shall be bound by the same as if such amendment/modification
including the increased limit had originally constituted the term of the LC. 

  

	(h)	the Facility shall be utilised only for the purpose as has been disclosed to ICICI Bank in Documentary Credit Application, unless otherwise previously permitted by
ICICI Bank in writing. 

  

	2.16	NO LIABILITY 

 The Company agrees that the
transmission of all instructions and communications under the LC and the shipping of Documents and the Goods thereunder is entirely at its risk. ICICI Bank or its correspondents or agents shall not be responsible for any error or delay in such
transmission or loss or delay in delivery of the Documents or the Goods. 
  

	2.17	INDEMNITY 

  

	a.	The Company hereby agrees to pay to ICICI Bank on demand, all costs (including legal costs on full indemnity basis) customs duty, penalty, demurrage, storage charges,
clearing and forwarding charges and all other charges and expenses which ICICI Bank may be put to or suffer or incur in connection with the Goods and/or the documents of to Goods covered by the LC including for re-shipment thereof for any reason
whatsoever, or in the exercise or enforcement of any right or power hereby conferred or otherwise howsoever, and further agrees and undertakes to hold ICICI Bank safe and harmless and keep it Indemnified against any claim, action or proceedings made
or 

  
 13 

 brought against ICICI Bank, its correspondents or agents, as also against any liability or
loss incurred or suffered by it, its correspondents or agents by reason of it having established the LC. 
  

	b.	The Company hereby agrees to indemnify and keep ICICI Bank indemnified against any liability, loss, damages, costs and expenses (including legal expenses) awarded
against or incurred or paid by ICICI Bank as a result of or in connection with ICICI Bank making payment outside India to the Supplier, under the LC, without deducting tax in India whether or not such payment attracts withholding tax in India or
requires due certification by a qualified accountant. 

  

	2.18	DISCLOSURE 

  

	The	Company hereby agrees, confirms and undertakes that: 

  

	(1)	ICICI Bank shall, as it may deem appropriate and necessary, be entitled to disclose all or any: 

 

	 	(i)	information and data relating to the Company; 

  

	 	(ii)	information or data relating to the facility or any other credit facility availed / to be availed by the Company from ICICI Bank; 

 

	 	(iii)	obligations assumed / to be assumed by the Company in relation to the Facility; 

 

	 	(iv)	default, if any, committed by the Company in discharge of the aforesaid obligations, 

to any agency/credit bureau (the “Agency”) authorised in this behalf by Reserve Bank of India {“RBI”); 

 

	(2)	The Agency so authorised may use, process the aforesaid information and data disclosed by ICICI Bank in the manner as deemed fit by them; 

 

	(3)	The Agency so authorised may furnish for consideration, the processed information and data or products thereof prepared by them, to banks / financial institutions and
other credit grantors or registered users, as may be specified by RBI in this behalf; 

  
 14 

	(4)	The information and data furnished by the Company to ICICI Bank from time to time shall be true and correct. 

 

	2.19	GENERAL 

  

	(a)	The Company acknowledges that the rates of further interest hereof are genuine and reasonably charged to them. 

 

	(b)	The Company acknowledges that the Facility provided under the Facility Agreement is for a commercial transaction and waives any defence available under
usury or other laws relating to the charging of interest. 

 ARTICLE III 

SECURITY 
  

	3.1	SECURITY FOR THE FACILITY 

 The Facility together
with all interest, Defaulted Amounts, LC Outstanding, Bills Outstanding, commissions, costs, charges, expenses and other monies whatsoever stipulated in or payable under the Facility Agreement shall be secured by: 

1. An exclusive charge by way of hypothecation in favour of ICICI Bank of the Company’s all movable properties, including movable machinery,
machinery spares, tools and accessories, imported under the LCs provided to the Borrower under this Agreement. 
 Exclusive Hypothecation of
Goods: 
 The Company agrees that the Goods shall be deemed to have been hypothecated to ICICI Bank upon delivery of Documents to ICICI Bank or
its agents by the Company or by any person on Company’s behalf 
  

	3.2	CREATION OF ADDITIONAL SECURITY 

 If, at any time
during the subsistence of the Facility Agreement, ICICI Bank is of the opinion that the security provided for the Facility has become inadequate to cover the Facility then outstanding, then, on ICICI Bank advising the Company to that effect, the
Company shall procure, provide and furnish to ICICI Bank, to the satisfaction of ICICI Bank 

  
 15 

 such additional security as may be acceptable to ICICI Bank to cover such deficiency. 

 

	3.3	MARGINS 

 The Company shall during the currency
of the facility Agreement, maintain such margin(s) in respect of the Facility as set out in Schedule—I hereto (‘Margin Money”). In the event of default by the Company in payment of any monies due and payable under the Facility
Agreement, ICICI Bank shall have the right to appropriate the Margin Money towards such dues. 
 ARTICLE IV 

SPECIAL CONDITIONS 
 The Facility
hereby granted shall also be subject to the Company complying with the special conditions set out in Schedule II hereto. 

  
 16 

 ARTICLE V 
 EFFECTIVE DATE OF FACILITY AGREEMENT 
 The Facility Agreement shall become binding on the Company
and ICICI Bank on and from the date first above written. It shall be in full force and effect till all the monies due and payable by the Company under the Facility Agreement and or the LC Outstanding and/or the Bills Outstanding are fully paid off
to the satisfaction of ICICI Bank. 

  
 17 

 SCHEDULE—I 

 

					
		  		  	Due Date
	Opening Charges	  	0.35%	  	—
	Retirement Charges	  	—	  	—
	Other Charges	  	 Amendment charges: Rs. 500/- per LC amended
  

In case of foreign currency Letters of Credit, the following charges will be additional:

 

•      SWIFT/communication charges — Rs.500 per LC

 

•       Correspondent bank charges including finance charges, if any,
shall be charged on actuals.
  
 Service tax and other taxes as
applicable
	  	—
	Applicable Rate of Interest	  	Nil	  	

 MARGIN MONEY—Nil 

  
 18 

 SCHEDULE—II 
 SPECIAL CONDITIONS 
  

	 	•	 	 The Borrower shall get this Facility rated by an external Rating Agency before December 31, 2010 as AA (or equivalent). If the rating is “A+,
A or A-” (or equivalent), the LC commission shall be revised to 0.75% p.a. with retrospective effect. If the facility is unrated or if the rating is “BBB+” (or equivalent) or below, the LC commission shall be revised to 1.00% p.a.
with retrospective effect. 

  

	 	•	 	 Financial arrangement for the project to be in place by March 31, 2011 or any other mutually acceptable date to the satisfaction of the Lender
failing which 

  

	 	•	 	 The Sponsor would undertake to bring in adequate support towards the repayment of the Facility or the Borrower would create a debt service reserve
account (DSRA) of Rs. 1.00 billion per quarter till the amount in the DSRA is equal to the outstanding under the Facility. 

  

	 	•	 	 As the Borrower is able to achieve financial closure it will earmark an amount equal to the Facility in favor of the Lender to retire the Facility as
and when due and payable. On completion of the above to the satisfaction of the Lender the Lender will issue an NOC for ceding exclusive charge on the assets created as Security for the Facility. 

  
 19 

 IN WITNESS WHEREOF the Company and ICICI Bank have caused the Facility Agreement to be executed in duplicate
on the day, month and year first hereinabove written as hereinafter appearing. 

 

 *The Common Seal of Bharat Aluminium Company Limited has, pursuant to the Resolution of its Board of
Directors passed in that behalf on the 19 day of October 2010 hereunto been affixed in the presence of Shri Mr. Dinesh Mantri and Shri Mr. Prahlad Rawat Directors/Authorised signatories, who have signed these presents in
token thereof and Shri                     company secretary/authorized person who has countersigned the same in token thereof. 

SIGNED AND DELIVERED by the within named ICICI LIMITED by the hand
of                    , its authorised official.

 

  

			
	

	 	

  

	*	In accordance with Articles of Association of the Company. 

  
 20

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00194-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00194-of-00352.parquet"}]]