Document:

Share Subscription Agreement dated March 1, 2006

 Exhibit 4.103 
 SHARE SUBSCRIPTION AGREEMENT 
 DATED 
 1 MARCH, 2006 
 BETWEEN 
 CENTRINO TRADING COMPANY PRIVATE LIMITED 
 AND 
 TELECOM INVESTMENTS INDIA PRIVATE LIMITED 

 SHARE SUBSCRIPTION AGREEMENT 
 THIS SHARE SUBSCRIPTION AGREEMENT (this “Agreement”) dated this 1st day of March, 2006 between: 
 Centrino Trading Company Private
Limited, a company incorporated under the Indian Companies Act, 1956, and having its registered office at Meher Chambers, 4th & 5th Floors, R.K. Marg, Ballard Estate, Mumbai 400 038 (hereinafter referred to as “Centrino”)
of the FIRST PART; AND 
 Telecom Investments India Private Limited, a company incorporated under the Indian Companies Act, 1956, and having its
registered office at 240, Navsari Building, 1st Floor, DN Road, Mumbai 400 001 (hereinafter referred to as the
“Company”) of the SECOND PART. 
 (Centrino and the Company are hereinafter collectively referred to as the “Parties”, and
severally as the “Party”) 
 WHEREAS: 
  

	A.	The Company is engaged in the business of investing in securities of telecommunications companies in India. 

  

	B.	The Company is now desirous of issuing and allotting to Centrino, and Centrino is desirous of subscribing to, 1,275,426 Equity Shares, of nominal value of Rs. 10 each, on the terms
and conditions more specifically set forth in this Agreement. 

 NOW THEREFORE, IT IS HEREBY AGREED
between the Parties as follows: 
  

	1.	DEFINITIONS AND INTERPRETATION 

  

	1.1	Definitions 

 In this Agreement, the following words and expressions
shall, except where the context otherwise requires, have the following meanings: 
 “Act” means the Companies Act, 1956 as
amended from time to time, or any statutory modification or re-enactment thereof, 
 “Articles” means the articles of
association of the Company as amended from time to time; 
 “Board” means the board of directors of the Company; 

“Business Day” means a day on which scheduled banks are open for business in Mumbai; 
 “Completion” means the completion of the matters provided for in Clause 4; 
  

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 “Completion Date” means the date no later than five (5) Business Days from the date
on which the last of the matters specified in Clause 3 have been fulfilled or waived, as the case may be; 
 “Financial Year”
means the financial year of the Company commencing 1 April and ending 31st March in each year; 

“Equity Share Certificates” means the certificates representing the Equity Shares issued in accordance with this Agreement;

 “Equity Shares” means 1,275,426 equity shares of nominal value of Rs.10 each issued by the Company to Centrino in
accordance with the terms of this Agreement; 
 “Rupees” or “Rs.” means the lawful currency of India; and

 “Subscription Amount” shall have the meaning set forth in Clause 2(a); 
  

	1.2	Interpretation 

 In this Agreement, unless the
context otherwise requires: 
  

	 	(a)	words denoting the singular shall include the plural and vice versa; 

  

	 	(b)	words denoting a person shall include an individual, corporation, company, partnership, trust or other entity; 

  

	 	(c)	heading and bold type face are only for convenience and shall be ignored for the purposes of interpretation; 

  

	 	(d)	references to the word “include” or “including” shall be construed without limitation; 

  

	 	(e)	references to this Agreement or to any other agreement, deed or other instrument shall be construed as a reference to such agreement, deed, or other instrument as the same may from
time to time be amended, varied or supplemented; 

  

	 	(f)	a reference to any party to this Agreement or any other agreement or deed or other instrument shall include its successors or permitted assigns; and 

  

	 	(g)	a reference to an article, Clause, paragraph or schedule is, unless indicated to the contrary, a reference to an article, Clause paragraph or schedule of this Agreement.

  

	2.	SUBSCRIPTION TO EQUITY SHARES 

  

	(a)	Subject to the terms and conditions set forth in this Agreement, the Company hereby agrees to issue and allot, and Centrino hereby agrees to subscribe to 1,275,426 Equity Shares,
which represent 23.97% of the issued and paid up equity share capital of the Company at a par value of Rs 10 each and a premium of Rs 3,830.74 per share. Centrino shall pay to the Company a total subscription amount of Rs.4,898,579,655 (the
“Subscription Amount”) for subscription towards the Equity Shares as aforesaid. 

  

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	(b)	The payment of the Subscription Amount shall be effected by Centrino through wire transfer to the bank account of the Company, the details of which account shall be notified by the
Company to Centrino at least three (3) Business Days prior to the anticipated Completion Date, or by such other means as may be agreed between Centrino and the Company. 

  

	3.	CONDITIONS PRECEDENT TO COMPLETION 

 Conditions
Precedent 
 The obligation of the Company to issue the Equity Shares in the manner set forth in Clause 2 above shall be subject to
provision by each Party of certified extract of all and any resolutions authorising each of them respectively to enter into this Agreement and sign and do all necessary acts incidental thereto. 
  

	4.	COMPLETION OF THE SUBSCRIPTION 

 At Completion:

  

	 	(a)	Centrino shall effect the payment of the Subscription Amount towards subscription to the Equity Shares in the manner set forth in Clause 2(b); 

  

	 	(b)	the Company shall issue and allot 1,275,426 Equity Shares to Centrino representing 23.97% of the issued and paid up share capital of the Company and the Board shall, unless already
done so, pass appropriate resolution/s to effect the issue and allotment of 1,275,426 Equity Shares to Centrino, as aforesaid; and 

  

	 	(c)	the Company shall issue letters of allotment or Equity Share Certificates, as the case may be, evidencing the issue and allotment of 1,275,426 Equity Shares to Centrino; in the
event that letters of allotment are issued, the Equity Share Certificates representing the Equity Shares, shall be issued within the time period prescribed under the Act. 

  

	5.	DIVIDEND AND OTHER TERMS 

 Each Equity Share shall
have the same rights with respect to dividend and voting as the existing equity shares of the Company and will rank pari passu with existing equity shares of the Company. 
  

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	6.	REPRESENTATIONS AND WARRANTIES 

  

	6.1	Representations and Warranties of the Company 

 The
Company hereby represents and warrants to Centrino that as on the date hereof: 
  

	 	(a)	it is a company duly incorporated and validly existing under the laws of India and has corporate power to own its assets, conduct its business as presently conducted and to enter
into, and perform its obligations under this Agreement; 

  

	 	(b)	this Agreement has been duly authorised and executed by the Company and constitutes a valid and legally binding obligation of the Company, enforceable in accordance with its terms,
except that the enforceability of this Agreement may be limited by bankruptcy, insolvency, reorganisation, moratorium or similar laws affecting creditors’ rights generally or the application of general principles of equity;

  

	 	(c)	neither the execution or the performance of this Agreement, nor the compliance with its terms will conflict with or result in a breach of any of the terms, conditions or provisions
of, or constitute a default or require any consent under any indenture, mortgage, agreement or other instrument to which the Company is a party or by which it is bound, or violate any of the terms or provisions of the Company’s Memorandum or
Articles, by-laws or other governing documents or judgement, decree or order or any statute, rule or regulation applicable to the Company; and 

  

	 	(d)	no litigation, arbitration or administrative proceedings are pending or threatened against the Company, and no claim has been made against it, which is likely to have an adverse
effect on the enforceability, performance of or compliance with its obligations under this Agreement. 

  

	6.2	Representations and Warranties of Centrino 

 Centrino hereby represents and warrants to the Company that as on the date hereof: 
  

	 	(a)	it is a company duly incorporated and validly existing under the laws of India and has corporate power to own its assets, conduct its business as presently conducted and to enter
into, and perform its obligations under this Agreement; 

  

	 	(b)	this Agreement has been duly authorised and executed by it and constitutes its valid and legally binding obligation, enforceable in accordance with its terms, except that the
enforceability of this Agreement may be limited by bankruptcy, insolvency, reorganisation, moratorium or similar laws affecting creditors’ rights generally or the application of general principles of equity; 

  

	 	(c)	neither the execution or the performance of this Agreement, nor the compliance with its terms will conflict with or result in a breach of any of the terms, conditions or provisions
of, or constitute a default or require any consent under any indenture, mortgage, agreement or other instrument to which it is a party or by which it is bound, or violate any of the terms or provisions of its organisational documents, by laws or
other governing documents or judgement, decree or order or any statute, rule, regulation applicable to it; and 

  

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	 	(d)	no litigation, arbitration or administrative proceedings are pending or threatened against it, and no claim has been made against it which is likely to have an adverse effect on the
enforceability, performance of or compliance with its obligations under this Agreement. 

  

	7.	FURTHER ASSURANCE 

 The Parties acknowledge that:

  

	 	(a)	they enter into this Agreement on the basis that they acknowledge and accept the terms hereof; and 

  

	 	(b)	they will procure that the terms of this Agreement will be observed. 

  

	8.	MISCELLANEOUS 

  

	8.1	Notices 

  

	(a)	All notices or other communication to be given under this Agreement shall be in writing and shall either be personally delivered or sent by registered post, courier, or facsimile
transmission and shall be addressed for the attention of the persons addressed below: 

 If to Centrino: 
  

			
	Address:	  	Meher Chambers, 4th & 5th Floors,
		  	R.K. Marg,
		  	Ballard Estate,
		  	Mumbai 400 038
	Attention:	  	Asim Ghosh

 If to the Company 
  

			
	Address:	  	Meher Chambers, 4th & 5th Floors,
		  	R.K. Marg,
		  	Ballard Estate,
		  	Mumbai 400 038
	Attention:	  	Company Secretary

  

	(b)	Any Party may by notice change the address to which such notices and communication are to be delivered or transmitted. 

  

	(c)	A notice shall be deemed to have been served as follows: 

  

	 	(i)	if personally delivered, at the time of delivery; 

  

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	 	(ii)	if sent by registered post or courier, at the time of delivery thereof to the person receiving the same; or 

  

	 	(iii)	if sent by facsimile transmission, in the absence of any indication that the facsimile transmission was distorted or garbled, at the time of production of a transmission report by
the machine from which the facsimile was sent which indicates that the facsimile was sent in its entirety to the facsimile number of the recipient notified for the purposes of this Clause 8.1. 

  

	8.2	No Waiver 

 No waiver of any provision of this
Agreement, or consent to any departure from it by any Party, is effective unless it is in writing. A waiver or consent will be effective only for the purpose for which it was given. No default or delay on the part of any Party in exercising any
rights, powers or privileges operates as a waiver of any right, nor does a single or partial exercise of a right preclude any exercise of other rights, powers or privileges. The remedies herein provided are cumulative and not exclusive of any
remedies provided by law. 
  

	8.3	Amendment 

 No amendment, variation, alteration or
modification of this Agreement shall be effective unless made in writing and signed by all the Parties to this Agreement. 
  

	8.4	Assignment 

 Neither Party shall assign or transfer
or purport to assign or transfer any of its rights or obligations under this Agreement, without the prior written consent of the other Party. 
  

	8.5	Governing Law 

 This Agreement shall be governed by
and construed in accordance with the laws of India. 
  

	8.6	Dispute Resolution 

  

	 	(a)	Any and all disputes or differences between the Parties arising out of or in connection with this Agreement or its performance shall, so far as it is possible, be settled amicably
between the Parties. 

  

	 	(b)	If after 30 days of consultation, the Parties have failed to reach an amicable settlement, any and all disputes or differences arising out of or in connection with this Agreement or
its performance, shall be submitted to arbitration at the request of any Party upon written notice to that effect to the other Party and such arbitration shall be conducted in accordance with the Indian Arbitration and Conciliation Act, 1996 (the
“Arbitration Act”) by a panel consisting of a sole arbitrator to be appointed in accordance with the Act. 

  

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	 	(c)	The language of the arbitration shall be English. The venue of the arbitration shall be at Mumbai, India. 

  

	 	(d)	The Parties agree that the award of the arbitrators shall be final and binding upon the parties. 

  

	8.7	Severability 

 If any provision of this Agreement or
any part thereof is declared or held to be invalid, illegal or unenforceable in any respect under applicable law, such invalidity, illegality or unenforceability shall not invalidate this entire Agreement. In that case, this Agreement shall be
construed so as to limit any term or provision so as to make it enforceable or valid within the requirements of applicable law, and, in the event that such term or provision cannot be so limited, this Agreement shall be construed to omit such
invalid, illegal or unenforceable provision. 
  

	8.8	No Third Party Beneficiary 

 Nothing expressed or
mentioned in this Agreement is intended or will be construed, to give any person other than the Parties and their permitted assigns and successors any legal or equitable right, remedy or claim under or in respect of this Agreement or any provisions
contained in it. 
  

	8.9	Counterparts 

 This Agreement is executed in
counterparts by each of the Parties and each of the counterparts shall constitute an original but all of them shall constitute only one document. 
  

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 IN WITNESS WHEREOF, the Parties have entered into this Agreement the day and year first above written. 

 

			
	CENTRINO TRADING COMPANY PRIVATE LIMITED
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	TELECOM INVESTMENTS INDIA PRIVATE LIMITED
		
	By:	 	  

	Name:	 	
	Title:	 	

  

 8Share Purchase Agreement dated March 1, 2006

 Exhibit 4.104 
 SHARE PURCHASE AGREEMENT 
 DATED 
 1 MARCH 2006 
 BETWEEN 
 MULTIFACED FINSTOCK PRIVATE LIMITED 
 AND 
 ND CALLUS INFO SERVICES PRIVATE LIMITED 

 SHARE PURCHASE AGREEMENT 
 THIS SHARE PURCHASE AGREEMENT (this “Agreement”) dated this 1 day of March, 2006 between: 
 Multifaced Finstock Private Limited, a company incorporated under the Companies Act, 1956, and having its registered office at 240, Navsari Building, 1st Floor, DN Road, Mumbai 400001 (hereinafter referred to as “MFP”) of the FIRST PART; 
  

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 AND 
 ND Callus Info Services Private Limited, a company incorporated under the Companies Act 1956 and having its registered office at 15, Aurangzeb Road, New Delhi-110011 (hereinafter referred to as the
“NDC”) of the SECOND PART. 
 (MFP and NDC are hereinafter collectively referred to as the
“Parties”, and severally as the “Party”) 
 WHEREAS: 
  

	A.	The Company (as defined below) is engaged in the business of investing in securities of telecommunications companies in India. 

  

	B.	MFP desires to sell all the equity shares it holds in the paid up equity share capital of the Company, being 2,063,250 shares representing 51% of the issued, subscribed and fully
paid up equity share capital of the Company (the “Sale Shares”) and NDC wishes to purchase the Sale Shares from MFP. 

 NOW THEREFORE, IT IS HEREBY AGREED between the Parties as follows: 
  

	1.	DEFINITIONS AND INTERPRETATION. 

  

	1.1	Definitions 

 In this Agreement, the following words
and expressions shall, except where the context otherwise requires, have the following meanings: 
 “Act” means the Indian
Companies Act, 1956, as amended from time to time or any statutory modification or re-enactment thereof; 
 “Company” means
Telecom Investments India Private Limited, a company incorporated under the Companies Act 1956 and having its registered office at 240, Navsari Building, 1st Floor, DN Road, Mumbai 400001; 
 “Completion” means the completion of the
matters provided for in Clause 4; 
 “Completion Date” means the date hereof, or such other date as agreed by the parties;

 “Encumbrances” means any interest or equity of any person (including any right to acquire, option or right of pre-emption
or conversion) or any mortgage, charge, pledge, lien, assignment, hypothecation, security interest, title retention or any other security agreement or arrangement, or any agreement to create any of the above; 
  

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 “Loss” means any damage, loss, cost, claim, liability or expense (including reasonable
legal costs and expenses) but excludes any consequential or indirect losses, economic losses or loss of profits; 
 “Purchase
Price” shall have the meaning set forth in Clause 2(a); 
 “Rupees” or “Rs.” means the lawful
currency of India; 
 “Sale Shares” shall have the meaning set forth in Recital B above; and 
 “Share” or “Shares” means one or more equity shares of nominal value of Rs. 10 in the Company, which shall include the
Sale Shares; 
  

	1.2	Interpretation 

 In this Agreement, unless the
context otherwise requires: 
  

	 	(a)	words denoting the singular shall include the plural and vice versa; 

  

	 	(b)	words denoting a person shall include an individual, corporation, company, partnership, trust or other entity; 

  

	 	(c)	heading and bold typeface are only for convenience and shall be ignored for the purposes of interpretation; 

  

	 	(d)	references to the word “include” or “including” shall be construed without limitation; 

  

	 	(e)	references to this Agreement or to any other agreement, deed or other instrument shall be construed as a reference to such agreement, deed or other instrument as the same may from
time to time be amended, varied or supplemented; 

  

	 	(f)	a reference to any party to this Agreement or any other agreement or deed or other instrument shall include its successors or permitted assigns; and 

  

	 	(g)	a reference to an article, clause, paragraph or schedule is, unless indicated to the contrary, a reference to an article, clause, paragraph or schedule of this Agreement.

  

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	2.	SALE AND PURCHASE OF THE SALE SHARES 

  

	(a)	Subject to the terms and conditions set forth in this Agreement, MFP hereby agrees to sell, and NDC hereby agrees to purchase the Sale Shares, free and clear of any Encumbrances and
together with all accrued benefits and rights, title and interests attaching thereto and all dividends declared in respect of such Sale Shares on and from the Completion Date, at the price set out in the Schedule to this Agreement
(“Purchase Price”). NDC shall pay the Purchase Price to MFP as consideration for the purchase of the Sale Shares on the Completion Date. 

  

	(b)	The payment of the Purchase Price shall be effected by NDC by banker’s draft or by such other means as may be agreed by the Parties. 

  

	3.	CONDITIONS PRECEDENT TO COMPLETION 

  

	3.1	Conditions Precedent 

 The obligation of NDC to
purchase the Sale Shares in the manner set forth in Clause 2 above shall be subject to the fulfilment (or, where permissible, waiver in writing by NDC, as the case may be) of the following conditions precedent: 
  

	 	(a)	nothing shall have occurred which would render (or have the effect of rendering) any of the warranties and representations contained in Clause 5.1, untrue in any material respect;

  

	 	(b)	provision by each party of certified extracts of all and any resolutions authorising each of them respectively to enter into this Agreement and sign and do all necessary acts
incidental thereto; and 

  

	 	(c)	termination of the existing shareholders agreement dated 9th April 2004 between MFP, CGP India Investments Limited and the Company. 

 Each Party shall use all
reasonable endeavours to procure, (so far as it lies within its respective powers) that each of the conditions precedent set forth in this Clause 3.1 are satisfied. 
  

	4.	COMPLETION OF THE SALE AND PURCHASE 

 Completion
shall take place at the offices of the Company on the Completion Date. At Completion: 
  

	 	(i)	NDC shall provide MFP its Depository Participant’s ID and client ID; 

  

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	 	(ii)	MFP shall provide its Depository Participant’s delivery instruction slip instructing its Depository Participant to debit the Sale Shares from its account and credit NDC’s
account, and a copy of such delivery instruction slip acknowledged by the MFP’s Depository Participant shall be provided to NDC; 

  

	 	(iii)	The Depository Participant of NDC shall confirm that the Sale Shares have been received in NDC’s account; 

  

	 	(iv)	NDC shall deliver to MFP the Purchase Price by a banker’s draft against receipt of confirmation from NDC’s Depository Participant that the Sale Shares have been received
in NDC’s account; 

  

	 	(v)	MFP shall deliver or cause to be delivered to NDC, copies, certified as true by a director of the Company, of resolutions of the Company’s board, approving:

  

	 	(a)	the transfer of the Sale Shares to NDC; 

  

	 	(b)	The change in the registered office from the existing address to Meher Chambers, 4th & 5th Floors, R K Marg, Ballard Estate Mumbai 400 038, in compliance with the
provisions of the Act; 

  

	 	(c)	the registration or acknowledgement of NDC as the transferee of the Sale Shares; 

  

	 	(d)	the appointment of NDC’s nominated directors as additional directors, which shall be advised to MFP at least 3 days before Completion, such appointment to take effect
immediately; and 

  

	 	(e)	the acceptance of the resignation of Sumanlal Shah, Rajesh Begur and Shivendra Gupta, being the existing directors nominated by MFP, such resignation to take effect at midnight on
the date of Completion. 

  

	 	(vi)	NDC will procure the Company to redeem, in consideration for an amount of Rs 19,585,355, the 10 non cumulative redeemable non convertible preference shares of the nominal value of
Rs. 1 million each issued to Kotak Mahindra Capital Company Limited on the terms and conditions contained in the KMCC Preference Share Subscription Agreement dated 20 July 2000 and that the redemption proceeds are paid to Kotak Mahindra
Capital Company Limited on Completion 

  

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 Each of the above activities shall be given effect simultaneously, and Completion shall be deemed to have
occurred when all the aforesaid activities have been completed. 
  

	5.	REPRESENTATIONS AND WARRANTIES 

  

	5.1	MFP hereby represents and warrants to NDC that: 

  

	 	(a)	it is a company duly incorporated and validly existing under the laws of India and has corporate power to own its assets, conduct its business as presently conducted and to enter
into, and perform its obligations under this Agreement; 

  

	 	(b)	this Agreement has been duly authorised and executed by it and constitutes its valid and legally binding obligation, enforceable in accordance with its terms, except as the
enforceability may be limited by bankruptcy, insolvency, reorganisation, moratorium or similar laws affecting creditors’ rights generally or the application of general principles of equity; 

  

	 	(c)	neither the execution or performance of this Agreement nor the compliance with its terms, will conflict with or result in a breach of any of the terms, conditions or provisions of,
or constitute a default or require any consent under any indenture, mortgage, agreement or other instrument to which MFP is a party to or by which it is bound, or violate any of the terms or provisions of its organisational documents, by laws or
other governing documents or judgement, decree or order or any statute, rule, regulation applicable to it; 

  

	 	(d)	no litigation, arbitration or administrative proceedings are pending or threatened against it, and no claim has been made against it which is likely to have an adverse effect on the
enforceability, performance of or compliance with its obligations under this Agreement; 

  

	 	(e)	the Sale Shares are and will at Completion be fully paid up; 

  

	 	(f)	other than as contained in the shareholders agreement dated 9th April 2004 between MFP, CGP India Investments Limited and the Company, there is no option, pre-emption rights or other rights to acquire and no Encumbrance or charge of any nature on, over or affecting such Sale Shares, and
there is no agreement or commitment to give or create any of the foregoing nor is there any agreement or other thing which requires or might require additional shares of the Company to be issued or allotted beyond its present issued shares nor have
any claims been made by any person entitled or claiming to be entitled to any of the foregoing; and 

  

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	 	(g)	MFP’s ownership of the Sale Shares consists of good, valid and indefeasible title, and MFP being the legal and beneficial owner of the Sale Shares, is and will at Completion be
entitled to sell and transfer the Sale Shares and pass full legal and beneficial ownership thereof to NDC free from any Encumbrance or charge of any nature whatsoever in accordance with the terms of this Agreement. 

  

	5.2	MFP hereby indemnifies, defends and holds harmless NDC from and against any and all Losses, which may be incurred or suffered by NDC and which may arise out of or result from any
breach of any warranty, obligations, covenants made by MFP in this Agreement, provided that NDC shall first issue to MFP a notice calling upon MFP to rectify the same within thirty (30) days from the date of such notice.

  

	6.	MISCELLANEOUS 

  

	6.1	Change of registered office of the Company 

 NDC
hereby covenants and agrees that it shall convene a meeting of the shareholders of the Company in accordance with the requirements of the Act for approving the transfer of the registered office of the Company from the current location and thereafter
complete such filings and registrations as may be required in relation to such transfer of the registered office of the Company within 30 days from the Completion. NDC shall take all the necessary actions to ensure that the Company takes all
necessary steps to implement the change to the registered office of the Company as aforesaid within a period of 30 days from the Completion. 
  

	6.2	Notices 

  

	 	(a)	All notices or other communications to be given under this Agreement, shall be in writing and shall either be personally delivered or sent by registered post, courier, telex or
facsimile transmission and shall be addressed for the attention of the persons addressed below: 

 If to NDC: 
  

			
	Address:	 	15, Aurangzeb Road,
		 	New Delhi-110011
	Attention:	 	Analjit Singh

  

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	If to MFP:  

		
	Address:	  	240, Navsari Building,
		  	1st Floor, DN Road,
		  	Mumbai 400001
	Fax:	  	+ 91 22 2284 0492
	Attention:	  	Director

  

	 	(b)	Any Party may, by notice, change the address to which such notices and communication are to be delivered or transmitted. 

  

	 	(c)	A notice shall be deemed to have been served as follows: 

  

	 	(i)	if personally delivered, at the time of delivery; 

  

	 	(ii)	if sent by registered post or courier, at the time of delivery thereof to the person receiving the same; or 

  

	 	(iii)	if sent by facsimile transmission, in the absence of any indication that the facsimile transmission was distorted or garbled, at the time of production of a transmission report by
the machine from which the facsimile was sent, which indicates that the facsimile was sent in its entirety to the facsimile number of the recipient notified for the purposes of this Clause 6.2. 

  

	6.3	No Waiver 

 No waiver of any provision of this
Agreement, nor consent to any departure from it by any Party, is effective unless it is in writing. A waiver or consent will be effective only for the purpose for which it was given. No default of delay on the part of any Party, in exercising any
rights, powers or privileges operates as a waiver of any right, nor does a single or partial exercise of a right preclude any exercise of other rights, powers or privileges. The remedies herein provided are cumulative and not exclusive of any
remedies provided by law. 
  

	6.4	Amendment 

 No amendment, variation, alteration or
modification of this Agreement shall be effective, unless made in writing and signed by all the Parties to this Agreement. 
  

	6.5	Assignment 

 No Party shall assign or transfer or
purport to assign or transfer any of its rights or obligations under this Agreement, without the prior written consent of the other Party. 
  

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	6.6	Governing Law 

 This Agreement shall be governed by
and construed in accordance with the laws of India. 
  

	6.7	Severability 

 If any provision of this Agreement or
any part thereof is declared or held to be invalid, illegal or unenforceable in any respect under applicable law, such invalidity, illegality or unenforceability shall not invalidate this entire Agreement. In that case, this Agreement shall be
construed, so as to limit any term or provision, so as to make it enforceable or valid within the requirements of applicable law, and, in the event that such term or provision cannot be so limited, this Agreement shall be construed to omit such
invalid, illegal or unenforceable provision. 
  

	6.8	No Third Party Beneficiary 

 Nothing expressed or
mentioned in this Agreement is intended or will be construed to give any person other than the Parties and their permitted assigns and successors, any legal or equitable right, remedy or claim under or in respect of this Agreement or any provisions
contained in it. 
  

	6.9	Counterparts 

 This Agreement is executed in
counterparts, by each of the Parties, and each of the counterparts shall, constitute an original, but all of them shall constitute only one document. 
  

 9 

 IN WITNESS WHEREOF, the Parties have entered into this Agreement, the day and
year first above written. 
  

			
	ND CALLUS INFO SERVICES PRIVATE LIMITED
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	MULTIFACED FINSTOCK PRIVATE LIMITED
		
	By:	 	  

	Name:	 	
	Title:	 	

  

 10 

 Schedule 
 Purchase Price 
 (in accordance with Clause 2(a)) 
 Rs 7,924,411,516 (Rupees Seven billion nine hundred and twenty four million four 
 hundred and eleven thousand five hundred and sixteen) 
  

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