Document:

EX-10.8.2.4

 Exhibit 10.8.2.4 

 

			
	

	  	 INDIA NON JUDICIAL

 
 Government of National Capital Territory of
Delhi
  

e-Stamp

  

					
	Certificate No.	  	:	  	IN-DL35502964370856L
			
	Certificate Issued Date	  	:	  	11-Jul-2013 12:13 PM
			
	Account Reference	  	:	  	IMPACC (IV)/ dl716803/ DELHI/ DL-DLH
			
	Unique Doc. Reference	  	:	  	SUBIN-DLDL71680369968772280478L
			
	Purchased by	  	:	  	TV 18 HOME SHOPPING NETWORK LIMITED
			
	Description of Document	  	:	  	Article 5 General Agreement
			
	Property Description	  	:	  	NA
			
	Consideration Price (Rs.)	  	:	  	0
			
		  		  	(Zero)
			
	First Party	  	:	  	TV 18 HOME SHOPPING NETWORK LIMITED
			
	Second Party	  	:	  	THE RATNAKAR BANK LIMITED
			
	Stamp Duty Paid By	  	:	  	TV 18 HOME SHOPPING NETWORK LIMITED
			
	Stamp Duty Amount(Rs.)	  	:	  	200
			
		  		  	(Two Hundred only)

  
 

 
 - - - - - - - - - - - - - - - - - - - -- - - - - - - - - - - - - - - - Please write or type below this
line - - - - - - - - - - - - - - - - - - -- - - - - - - - - - - - - 
 This Stamp Paper Forms Integral Part of Credit Facility Agreement
executed between TV 18 Home Shopping Network Limited and the Ratnakar Bank Limited on 26-July-13. 
  
 

 
 Statutory Alert: 
  

	1.	The authenticity of this Stamp Certificate should be verified at “www.shcilestamp.com”. Any discrepancy in the details on this Certificate and as available on
the website renders it invalid. 

	2.	The onus of checking the legitimacy is on the users of the certificate. 

	3.	In case of any discrepancy please inform the Competent Authority 

 R – 03 
 CREDIT FACILITY AGREEMENT 
 THIS Agreement (hereinafter referred to as the
“Agreement”) is made at New Delhi on JULY 26, 2013 
 BETWEEN 

M/s TV18 Home Shopping Network Ltd, a limited company incorporated under the Companies Act, 1956 and having its registered office at 503,
504 & 507, 5th Floor, Mercantile House, 15 Kasturba Gandhi Marg, New Delhi – 110001 (hereinafter referred to as “Borrower”, which expression shall include its executors, administrators, successors and permitted assigns as
the case may be) 
 And 
 THE
RATNAKAR BANK LIMITED, a company incorporated under the Indian Companies Act, 1913 and an existing Company within the purview of the Companies Act, 1956 and registered with the Reserve Bank of India as Scheduled Commercial Bank and having its
registered office at Shahupuri, Kolhapur – 416 001 and administrative office at “MAHAVEER”, Shri Shahu Market Yard Shahupuri, Kolhapur – 416 005 and on of its branch at Barakhamba Road, New Delhi 110001 (hereinafter referred to
as “the Bank” which expression shall, unless it be repugnant to the context or meaning thereof, be deemed to mean and include its successors in interest, assigns, holding or subsidiary company and/or associates), of the OTHER PART

 WHEREAS the Borrower has requested the Bank to grant to the Borrower credit facilities aggregating to a sum of Rs.25,00,00,000/- (Rupees
Twenty Five Crores only), which the Bank has granted / agreed to grant to the Borrower, upon the Borrower agreeing to repay the dues under the credit facilities with interest and other charges as hereinafter mentioned and on the Borrower
agreeing to comply with the terms and conditions contained herein in addition to the other terms and conditions that may be stipulated by the Bank from time to time either in the letter of sanction CAD/DEL/0039/2013-14 dated June 28, 2013
(“Letter of Sanction”) and also in the hypothecation agreement, pledge agreement, mortgage deed and/or any other documents that may be executed hereafter in respect of the aforesaid credit facilities or any of them notified from time to
time by the Bank to the Borrower. 
 NOW IT IS AGREED BY AND BETWEEN THE PARTIES as follows: 

 

	1.	The Borrower agrees to unconditionally abide by and observe all the terms and conditions herein after set out and as may be stipulated by the Bank from time to time.

  

	2.	In pursuance of this Agreement and in consideration of the sum of Rs.25,00,00,000/- (Rupees Twenty Five Crores only) agreed to be lent / lent and advanced by the
Bank to the Borrower in one or more installments or according to the needs of the Borrower / nature of the credit facility, more particularly described in Schedule hereunder, (hereinafter referred to as ‘the Credit
Facility/ies’), the Borrower hereby covenants with the Bank to repay the Credit Facility/ies or such sum as may be actually advanced in such installments and on such dates and in the manner set out in the Schedule hereunder written. In the
event of failure of the Borrower to pay any one installment on its due date the entire amount then outstanding shall at the option of the Bank become due and payable immediately. 

 

	3.	 The Borrower further covenants with the Bank to pay interest on the Credit Facility/ies or such sum as may be due by the Borrower to the Bank from time
to time at the rate and periodicity as mentioned in the Schedule hereunder written till the entire outstanding loan and interest thereon 

  
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is repaid by the Borrower. The Borrower further agrees, in case of working capital limits, to pay minimum interest amounting to three months’ interest on the sanctioned limit as and by way
of commitment charges. Provided that the interest payable by the Borrower shall be subject to the changes in the interest rates made by the Reserve Bank of India and/or the Bank from time to time. 

 

	4.	The Bank shall have the right to terminate all and/or any undrawn part of the Credit Facility/ies without giving notice to the Borrower. The Borrower shall be informed
and intimated by the Bank of such termination of the undrawn the Credit Facility/ies as soon as practicable by the Bank. 

  

	5.	In one or more of the events specified below in this Agreement hereinafter referred to as the “Events of Default”) the Bank shall be entitled to demand
payment of the entire amount then outstanding in respect of the said credit facilities, as if the period for repayment has expired and shall also be entitled, on failure to pay the interest at the end of each month to debit to the Borrower’s
accounts and capitalize the amount of such interest as if such amount was a fresh loan advanced by the Bank to the Borrower and shall be entitled to charge like interest thereon, in addition to the charging penal interest at the rate mentioned in
the Schedule hereunder written from the date of default to the date of payment of entire overdue amount with interest. 

  

	6.	The following event/s, either singly or together shall constitute an Event of Default, that is to say- 

(a) Default in payment of any installments of principal amount, interests, commissions etc., due and payable under any or all the Credit
Facility/ies sanctioned by the Bank; 
 (b) Default has occurred in the performance or observance of any other covenant,
condition, warranty or stipulation on the part of the Borrower under this Agreement or any other Agreement, documents executed and security created in favour of the Bank and such default has continued for a period of seven days; 

(c) Any information given by the Borrower is / are found to be misleading or incorrect or false or materially affecting the sanction or
continuation of the Credit Facility/ies; 
 (d) Default by the Borrower and/or other person, as may be applicable, in creation of
security interest to the satisfaction of the Bank within the period stipulated in this Agreement or Letter of Sanction or such other period as may be extended by the Bank. 
 (e) If there is any deterioration or impairment of the security or any part thereof or any decline in the value or market price thereof (whether actual or reasonably anticipated), or any event occurs
which causes or may in the opinion of the Bank cause the security or any part thereof to become unsatisfactory as to character or value; 
 (f) The Borrower, without the Bank’s prior written consent, charges; assigns, purports to charge or purports to assign credit funds; 

(g) Default by the Borrower and/or other person, as may be applicable, in creation of security interest to the satisfaction of the bank
within the period stipulated in this Agreement/Letter of Sanction/ such other period as may be extended by the Bank. 
 (h) If
any execution or distress or attachment or receiver or other process being enforced or levied upon or against the whole or any part of the Borrower’s property, whether secured to the Bank or not; 

(i) If the management of the Borrower is taken over or is nationalized by the Central Government or State Government; 

(j) If any event or circumstance shall occur which shall in the opinion of the Bank be prejudicial or endanger or be likely to prejudice
or endanger any security created in favour of the Bank; 

  
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 (k) Any proceeding initiated against the Borrower under laws of insolvency or under any
other laws applicable to the Borrower for liquidation, winding up or declaration as insolvent and for the purpose of this Clause such a proceeding need not be against all the Borrowers and a proceeding only against one of the Borrowers shall be
construed as Event of Default; 
 (l) If any Governmental or other license, approval authorisation, consent or exception,
required to enable the Borrower to perform any of its obligations under this Agreement, is withdrawn or modified or if it becomes otherwise unlawful for the Borrower to perform any of its obligations under this Agreement; 

(m) In case security(ies) is offered as security by the Borrower and/or related party and/or security provider any land, building,
structures, plant and machinery of the Borrower are sold, disposed of and/or charged encumbered or alienated or the said buildings, structures, machinery plant and other equipments are removed, pulled down or demolished without the prior approval of
the Bank. 
 (n) Any indebtedness of the Borrower becomes due prior to its stated maturity by reason of default of terms thereof
by the Borrower or any such indebtedness is not paid at its stated maturity and such default, in the opinion of the Bank, will have a material adverse effect on the Credit Facility/ies. 

(o) any change taking place in the ownership or control of the Borrower whereby the effective beneficial ownership or control of the
Borrower will change; 
 (p) any material change in the management of the business of the Borrower. 

 

	7.	The Borrower further agrees that the Bank shall be entitled to change the rate of interest, additional interest and / or periodicity of charging interest etc. as
mentioned herein at any time by giving notice to the Borrower and / or notifying on the notice board of the Bank or in the local Newspaper and shall thereafter be entitled to charge interest at the changed rate / rests as if the same was provided
for in this Agreement. 

  

	8.	The Borrower covenants that the Credit Facility/ies or amount advanced will be utilised for the purpose as stated in the Letter of Sanction and for no other purpose and
all the terms and conditions of sanction of the Credit Facility/ies will be duly observed. 

  

	9.	The Borrower agrees to give/create security for repayment of the Credit Facility/ies as and if required by the Bank and to execute such further documents by way of
registered / equitable mortgage of the immovable property belonging to the Borrower and / or hypothecation of movable plant and machinery, stocks of raw materials, current assets etc., as may be required by the Bank from time to time to secure the
the Credit Facility/ies agreed to be lent / lent and advanced by the Bank of the balance outstanding in the Credit Facility/ies account from time to time. The Borrower shall procure execution of such mortgage documents by all the persons having any
right, title or interest in the property that may be offered in mortgage and to make out clear and marketable title to such property. 

  

	10.	The Borrower further agrees to obtain solvent guarantors to the satisfaction of the Bank to guarantee the due repayment by the Borrower of the Credit Facility/ies and /
or the balance outstanding from time to time thereon and further agrees to procures the execution by the said guarantors of guarantee deeds in favour of the Bank and secured by way of registered or equitable mortgage of the guarantor’s
immovable property to secure the guarantee to be undertaken by the guarantors. 

  

	11.	Nothing herein contained shall prejudice any other security present or future or any right or remedy available to the Bank against the Borrower, their partners,
guarantors or other persons liable to pay or contribute towards the recovery of the moneys due by the Borrower to the Bank hereunder. 

  
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	12.	If a cross default as below occurs it shall be treated as an Event of Default under this Agreement: 

(a) Any financial indebtedness including any money borrowed or raised, receivables sold or discounted or any other transaction entered
into by the Borrower having the commercial effect of borrowing or any guarantee or indemnity given by the Borrower (hereinafter together collectively referred to as “financial indebtedness”) is/are not paid when due nor within any
originally applicable grace period; 
 (b) Any financial indebtedness of the Borrower is declared to be or otherwise becomes due
and payable prior to its specified maturity as a result of an event of default (howsoever described); 
 (c) Any commitment for
any financial indebtedness of the Borrower is cancelled or suspended by a creditor as a result of an event of default (howsoever described); 
 (d) Any creditor of the Borrower becomes entitled to declare any financial indebtedness due and payable prior to its specified maturity as a result of an event of default (howsoever described);

 If any of the foregoing event occurs or there is reasonable apprehension in the opinion of the Bank that any of the foregoing
event may occur in respect of the said credit facility or in respect of any of the security(ies) provided by any person in terms of this Agreement to secure the Credit Facility/ies. 

On the question whether any of the above events/circumstances has occurred/ happened, the decision of the Bank shall be final, conclusive
and binding on the Borrower. 
  

	13.	No change whatsoever in the constitution of the Borrower shall impair or discharge the liability of the Borrower to the Bank hereunder. 

 

	14.	The Borrower agrees that this Agreement shall be in full force and effect and shall not be terminated till the Credit Facility/ies account is closed and all outstanding
thereon satisfied in full, nor shall it be treated as merged into, or modified or altered due to execution of the security and other documents hereafter. 

  

	15.	The Bank shall be entitled at any time and from time to time without any notice, reference or intimation to Borrower and without Borrower’s consent to adjust,
appropriate or set off any credit balance or any part thereof due or to become due to Borrower in any of Borrower’s current, savings, term deposit or any deposit account or any account whatsoever at any of the Bank’s branches in
Borrower’s name with or without joint names of any other persons or before or after the maturity dates thereof towards satisfaction or part satisfaction of outstanding loan due or to become due by Borrower to the Bank in any account at any of
the Bank’s branches whatsoever. 

  

	16.	Notwithstanding the Bank’s decision / action / policy, if any to reverse any debit entry or not to debit interest or not to make any debit entry in Bank’s
books or in ledger account or in statement of account or any account, for any period whatsoever, the Borrower shall be bound and liable to pay jointly and severally to the Bank, the entire outstanding, debit balance-and compound interest thereon
with monthly rests till the date of realization, recovery or collection by the Bank of all such amounts plus interest, penal interest, interest tax, additional interest, liquidated damages, insurance premium, commission, costs, charges and expenses
at such rates as may be prevailing or fixed or to be fixed by the Bank from time to time without any reference, notice or intimation by the Bank at any time whatsoever. 

 

	17.	The Borrower do hereby agree, undertake, record, declare, admit, assure, promise, acknowledge and confirm to abide by, accept, satisfy, fulfill, carry out, perform and
comply fully with all the terms, conditions, requirements, sanctions, provisions and stipulations or any amendments or modifications therein made or to be made by the Bank at any time or from time to time in its discretion concerning any of the
Credit Facility/ies, limits or accounts without any reference, notice or intimation by the Bank in that behalf. 

  
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	18.	Any demand or notice to be made or given to the Borrower may be made or given by leaving the same at or posting the same by post in an envelope under Certificate of
posting addressed to the Borrower at their place of business, residence or office and every such demand or notice shall be deemed to be received as the case may be at the time at which it is left or at the time at which it should have been delivered
in the ordinary course of post. 

  

	19.	The Bank may, in its sole discretion, permit prepayment of the Credit Facility/ies at the request of Borrower, subject to the Borrower paying prepayment charges at the
rate as may be decided by the Bank, on the amount due under the said credit facilities. 

  

	20.	The Borrower represents, warrants, declares, affirms, confirms and covenants on continuing basis that:- 

 

	 	(a)	the execution on behalf of the Borrower of this Agreement has been and the execution on behalf of the Borrower of the security documents will be validly authorised and
the obligations expressed as being assumed by the Borrower hereunder and under the security documents by the Borrower constitute and will constitute valid legal and binding obligations of the Borrower enforceable against the Borrower in accordance
with their terms; 

  

	 	(b)	Neither the execution and delivery hereof and of the security documents by the Borrower nor the performance or observance of any of obligations of the Borrower
thereunder shall; 

  

	 	i.	conflict with or result in any breach of law, statute, rule, order, trust, agreement or other instrument, arrangement, obligation or duty by which the Borrower is
bound; or 

  

	 	ii.	cause any limitation on any of the powers whatsoever of the Borrower however imposed, or on the right or ability of the directors of the Borrower where the Borrower is
a company to exercise such powers to be exceeded 

  

	 	(c)	the Borrower has all the requisite legal power and authority to execute this Agreement and to carry out the terms, conditions and provisions, hereof, and to carry out
the terms, conditions and provisions and the execution and delivery of this Agreement by the Borrower has been duly authorized by all requisite action, and will not contravene any provision of, or constitute a default under, any other arrangement or
instrument to which it is a part or by which it or its property may be bound; 

  

	 	(d)	The Borrower or related party is not in default under any law, rule, regulation, order, mortgage, trust, instrument, agreement or other instrument, arrangement,
obligation or duty by which the Borrower is bound; 

  

	 	(e)	The Borrower and its related party is of good financial standing and in a position to meet its ongoing obligations and has not been served with (or threatened with) a
notice of insolvency or bankruptcy and no petition has been filed or action initiated by the Borrower or any of the Borrower’s creditors or any outside party towards the Borrower’s insolvency or bankruptcy or winding up or for declaration
or registration as Sick under Sick Industrial Companies (Special Provisions) Act, 1985 or any other similar legislation in force. 

  
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	 	(f)	The Borrower and related party, its proprietor or any of its directors or partners do not figure in any Defaulter List. The Borrower shall not induct a person in any
capacity whatsoever, who is a director/partner/member/trustee of an entity identified as willful defaulter. 

  

	 	(g)	The copies, certified by the Borrower’s company secretary or authorized signatory or Managing Director, of the Certificate of Incorporation and the Memorandum and
Articles of Association of the Borrower are true and effective and the Borrower shall not during the currency of this Agreement cause any alteration to be made in any of them without prior notification to and written consent of the Bank;

  

	 	(h)	The Borrower is aware of and complies with the requirements of all laws, acts, ordinance, rules, regulations, orders of court, etc, of the Government of India and which
are applicable to the activities of the Borrower (“Environmental Laws”) standards applying to the Borrowers’ property and to the conduct of the Borrower’s business. 

 

	 	(i)	The Borrower and its officers exercise due diligence and take all necessary precautions to detect and prevent the commission of an offence under any Environmental Law
resulting in pollution of or harm to the environment or to any person or property, including the Borrower’s property. 

  

	 	(j)	At the date hereof such due diligence has not revealed any contamination of or emanating from any of the Borrower’s property. The Borrower’s occupation and
use of its property and the conduct of its business on its property does not breach any Environmental Law or standard. 

  

	 	(k)	There has been no notices or complaints from any environmental authority pursuant to any Environmental Law 

 

	 	(l)	Any notice or complaints that may have been received from any environmental authority pursuant to any Environmental Law have been answered to the satisfaction of the
complainant. 

  

	 	(m)	There is no proposal to revoke, suspend, modify or not renew any authorization or approval under any Environmental Law relating to any of the Borrower’s property
or the conduct of its business. 

  

	 	(n)	No proceedings or suits have been commenced, no court orders have been issued and no penalty has been imposed, in each case in relation to an offence by the Borrower or
its officers under any Environmental Law. 

  
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	 	(o)	The Borrower agrees to: 

  

	 	i.	Comply with all reasonable requirements of the Bank concerning the application of all Environmental Laws and/or standards to or in relation to the Borrower’s
property or any part thereof. 

  

	 	ii.	Inform the Bank promptly of a) any existence of any contamination of or emanating from the Borrower’s property contrary to any Environmental Law and/or standards
b) the receipt of any penalty notices or directions to “clean up” the Borrower’s property issued under any Environmental Law c) the receipt of any notice or complaint referred to in (k) and (l) above; and d) the commencement
of any proceeding or suite, the issue of any order or the imposition of any penalty. 

  

	 	(p)	Any cost incurred by the Bank for investigating or remediating such Environmental Laws and / or standard lapses, shall be borne by the Borrower.

  

	21.	The Borrower agrees and undertakes: 

  

	 	a.	to furnish to the Bank all such information, statements, particulars, estimates and reports as the Bank may require from time to time as to the compliance with the
terms of this Agreement and shall also submit to the Bank, in form and detail satisfactory to the Bank, the Financial Statements at such intervals and time, as may be prescribed / required by the Bank from time to time; 

 

	 	b.	to comply with the reporting requirements (including semi-annual compliance certificates, annual (audited) and semi-annual financial statements, notices of default,
notices of material litigation, and such other information and such access to the Borrower’s properties, books and records as the Bank may reasonably request); 

 

	 	c.	to provide quarterly, unaudited financial statements within 45 days of the close of relevant quarter; 

 

	 	d.	to provide audited financial statements within 6 (Six) months of year end and Drawing Power statements on a monthly basis. 

The Borrower further agrees and undertakes NOT TO, without the prior written permission of the Bank (a) diversify or change the line
of business (b) change or allow to be changed the ownership/ management structure of the Borrower including change in shareholding of promoters, directors and principal shareholders (c) dilute the capital holding of the promoters in the
borrower’s business as on date of this agreement (d) issue further capital or raise loan (e) use the Borrower’s funds towards unrelated activity (f) invest the Borrower’s funds in shares, debentures, deposits or other
instrument of any entity (g) pay dividend or distribute or withdraw profit (h) enter into an arrangement or compromise with creditors or shareholders or merger, amalgamation, consolidation, structuring, restructuring, or sell of its unit
or major property, (i) withdraw or allow to be withdrawn any monies brought in by the promoters and directors or relatives and friends of the promoters or directors of the borrower (j) borrow or obtain facilities of any description from
any other bank or other credit provider or enter into any hire purchase or lease agreement (k) shall not withdraw except with the Bank’s prior permission in writing or divert or misuse the funds and assets invested in or brought into the
business by the Borrower as capital, deposits or otherwise. 

  
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	22.	The Bank shall have uninterrupted and unobstructed access to the Borrowers’ premises, godowns and place or places for the purpose of inspection, valuation,
verification and taking inventory of goods, stock, plant and machinery and such other movable and immovable property charged or mortgaged to the Bank and for which purpose the Bank may authorise any person and the Borrower shall permit/allow such
person/persons without any obstruction to exercise the rights of the Bank under this clause. 

  

	23.	The Bank shall have right through its officers, nominees, agents, auditors, technical experts and such other persons to inspect or audit such books of accounts,
registers, books and documents of the Borrower and shall have right to be furnished at such intervals as the Bank may direct from time to time copy or copies of such documents, books and registers and the Bank shall further be entitled to appoint
whenever it considers necessary for such period for such terms as the Bank deems necessary and reasonable, any person, firm, company or association of persons engaged in technical, management, accounting, auditing or any other consultancy business
to inspect and examine the working of the Borrower and its undertaking and to audit its Books of Accounts, the method of accounting and such other things as the Bank may direct. All the costs, charges and expenses incurred by the Bank towards any
person so appointed shall be to the account of the Borrower. 

  

	24.	All sums payable by the Borrower under this Agreement shall be paid free of any restriction or condition and free and clear of and without any counter-claim, set off,
deduction or withholding, whether on account of tax deductions, charges, stamp duty, liability or impost or otherwise, if any, and the Borrower agrees as follows: 

 

	 	(a)	The Borrower shall make all payments to be made by it without any tax deduction, unless a tax deduction is required by law; 

 

	 	(b)	The Borrower shall promptly upon becoming aware that it must make a tax deduction (or that there is any change in the rate or the basis of a tax deduction) notify the
Bank accordingly; 

  

	 	(c)	If a tax deduction is required by Law to be made by the Borrower, the amount of the payment due from the Borrower shall be increased to an amount which (after making
any tax deduction) leaves an amount equal to the payment which would have been due if no tax deduction had been required; 

  

	 	(d)	If the Borrower is required to make a tax deduction, the Borrower shall make that tax deduction and any payment required in connection with that tax deduction within
the time allowed and in the minimum amount required by Law; 

  

	 	(e)	Within 30 (Thirty) days of making either a tax deduction or any payment required in connection with that tax deduction, the Borrower shall deliver to the Bank evidence
reasonably satisfactory to the Bank that the tax deduction has been made or (as applicable) any appropriate payment paid to the relevant taxing authority. 

  

	25.	The Bank may assign any of its rights or transfer any of its rights and obligations or sell the Credit Facility/ies or any part of the Credit Facility/ies or any other
right under this Agreement, with or without any underlying security, in any manner as the Bank deems fit whether with or without recourse to the Bank and without any reference or notice to the Borrower or without requiring to obtain any consent from
the Borrower and such assignment, transfer or sale can be in favor of any person whether located /placed in India or outside India. 

 The Borrower shall not assign any of its rights or transfer any of its rights or obligations under the Agreement. 

  
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	26.	The Borrower shall indemnify and hold the Bank harmless from and against any and all loss, damage or other consequences which may arise or result from giving the Credit
Facility/ies to the Borrower or performing any service to the Borrower thereunder and shall reimburse the Bank upon demand for any payment, loss and damage which the Bank may make, suffer or sustain by reason or on account thereof and shall upon
request appear and defend at the Borrower’s own cost and expense any action which may be brought against the Bank in connection therewith. 

  

	27.	The Borrower accepts, confirms and consents for the disclosure and sharing by the Bank of all or any information and data relating to the Borrower, the said credit
facilities, any other transactions that the Borrower has with the Bank, the Borrower’s account, and the agreements and documents related to the Credit Facility/ies and transactions, including but not limited to information relating to default,
if any, committed by the Borrower, in the discharge of the Borrower’s obligations in relation to the Credit Facility/ies or other transactions, as the Bank may deem appropriate and necessary to disclose and furnish, to the Reserve Bank of India
(“RBI”) and/or to the Credit Information Bureau (India) Ltd and/or to any other agency or body as authorized in this behalf by RBI, to other banks and lenders including assignees and potential assignees, to its professional advisers and
consultants and to its service providers instructed by it in relation to the said credit facilities, and/or as required under law or any applicable regulation, at the order of a court of law, or at the request or order of any statutory, regulatory
or supervisory authority with whom it customarily complies. 

  

	28.	The Borrower undertakes and covenants that it shall provide all information, including information regarding other credit facilities enjoyed by the Borrower, as and
when required by the Bank. The Borrower declares that the information furnished to the Bank from time to time is and shall be true and correct. 

 The Borrower: 
  

	 	(a)	accepts that the RBI or the Credit Information Bureau (India) Ltd. and any other agency so authorized, any statutory, regulatory or supervisory authority or other
lenders, may use, process, disseminate the said information and data disclosed by the Bank in such manner as deemed fit by them in any particular circumstances; and 

 

	 	(b)	shall not hold the Bank at all responsible or liable in this regard. 

 It is agreed by the Borrower, that without prejudice to any rights of the Bank, all acts / steps as are necessary for the Bank to take in order to monitor the Credit Facility/ies and utilization thereof
and/or the obligations of the Borrower and /or the Borrower’s compliance with the terms thereof and / or to recover amounts due to the Bank or any part or portion thereof, shall and/or may be carried out by and / or through such other person
(including a company, a firm or body corporate) as may from time to time be appointed by the Bank in respect thereof and that the Bank will at all times be entitled to share with any such other person that may thus be appointed by the Bank, all
documents statements of accounts and other information of whatsoever nature pertaining to the Borrower and/or the said credit facilities. Further, the Borrower expressly recognises and accepts that the Bank shall, without prejudice to its rights to
perform such activities either itself or through its officers or servants, be absolutely entitled and have full power and authority to appoint one or more third parties of the Bank’s choice and to transfer or delegate to such third parties the
right and authority to collect on behalf of the Bank all unpaid amounts and to perform and execute all acts, deeds, matters and things connected therewith or incidental thereto including receiving the amounts due, and generally performing all lawful
acts as the third party may consider appropriate for such purposes. 
  

	29.	All rights and powers conferred on the Bank by this Agreement shall be in addition and supplemental to any rights the Bank has as a creditor against the Borrower under
any law for the time being in force and security documents and shall not be in derogation thereof. 

  
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	30.	No delay in exercising or omission to exercise any right, power or remedy accruing to the Bank upon any default under this Agreement, security documents or any other
Agreement or document shall not impair any such right, power or remedy and nor shall the same be construed to be a waiver thereof or any acquiescence in such default, nor shall the action or inaction of the Bank in respect of any default or any
acquiescence by it in any default, affect or impair any right, power or remedy of the Bank in respect of any other default. Nor shall any single or partial exercise of any right, power or privilege by the Bank shall preclude any further exercise of
the same or the exercise of any other right, power or privilege by the Bank. The rights and remedies of the Bank provided herein and in the Security documents are cumulative and in addition to any rights and remedies provided by law which the Bank
shall be entitled, but without being bound, to exercise at its absolute discretion. 

  

	31.	This Agreement and any other documents attached hereto or referred to herein, integrate all the terms and conditions mentioned herein or incidental hereto, and
supersede all oral negotiations and prior writings in respect of the subject matter hereof, except for those provisions of the sanction letters, agreements, security documents issued or executed prior to this Agreement which are in addition to and
complement to, and are not the same or in conflict with, the terms of this Agreement. 

  

	32.	This Agreement shall always be read with the Schedule hereunder written, sanction letters and all other agreements and documents executed or to be executed by the
parties hereto and interpreted accordingly. 

  

	33.	The clauses of this Agreement, and the sub-clauses contained in each clause are severable and any illegality, invalidity or irregularity inconsistency or repugnancy of
any clause or any sub-clause in the clause shall not in any way affect the legality, validity or regularity of any other clause or clause of the sub-clauses. 

 

	34.	This Agreement shall be governed by and construed in all respects with the Indian Laws and the parties hereto agree that any matter or issues arising hereunder or any
dispute hereunder shall, at the option/discretion of the Bank, be subject to the exclusive jurisdiction of the Courts of Delhi. This shall not however limit the rights of the Bank to file/take proceedings in any other court of competent
jurisdiction. 

  

	35.	Nothing contained in these presents shall be deemed to limit or affect prejudicially the rights and powers of the Bank under the Security documents or at law or equity.

  
 Page 10 of 11

 SCHEDULE 
 (Details of Credit Facilities) 
  

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

of

charging

interest
	  	 Repayment

	 Term Loan (TL)
	  	 Rs.25.00

Crores
	  	 Interest Rate:
 2.75% above
the RBL Base Rate. Current RBL Base Rate is 11.0%
	  	 	2.00	% p.a. 	 	Monthly	  	14 structured quarterly installments
	 Letter of Credit (LC) (Usance / Sight) (Sub-limit of TL)
	  	 Rs.20.00

Crores
	  	Commission: 1.50% p.a. plus applicable service tax	  	 	18	%p.a. 	 	Upfront	  	On due dates
	 Lut for Buyer’s Credit (Sub-limit of TL)
	  	 Rs.20.00

Crores
	  	Commission All inclusive cost (including currency hedging) maximum 12.0% p.a. plus Applicable Service Tax	  	 	**	  	 	Upfront	  	On due dates
		  	  

	 Total Limits
	  	Rs.25,00,00,000/-
		  	  

  

	
	SIGNED AND DELIVERED BY
	
	For M/s TV18 Home Shopping Network Ltd
	
	 /s/ SACHIN RASTOGI

	
	Authorised Signatory
	
	The common Seal of
	 M/s TV18 Home Shopping Network Ltd
 the Borrower within named has been affixed hereunto in the presence of:

	
	 /s/ ROSHNI TANDON

	 Ms. ROSHNI TANDON

	  

	 COMPANY SECRETARY of the Borrowers
 in pursuance of the Board Resolution
 dated JULY 26, 2013 and they have signed below
the Seal to confirm that the Seal was affixed in their presence.

  

			
	SIGNED SEALED AND DELIVERED BY
	
	THE RATNAKAR BANK LTD through its authorized
		
	Representative Shri.	 	 /s/ Kunal Hassanwalia

		 	AVP CAD

  
 Page 11 of 11EX-10.8.3

 Exhibit 10.8.3 
 [Fifty Rupees_India Non Judicial] 
 This stamp paper of Rs. 100 forms an integral part of
the Deed of Guarantee dated 27/4/2012 executed between Network 18 Media & Investment Ltd. and The Ratnakar Bank Ltd. 

 [Fifty Rupees_India Non Judicial] 

This stamp paper of Rs. 100 forms an integral part of the Deed of Guarantee dated 27/4/2012 executed between Network 18 Media & Investment Ltd.
and The Ratnakar Bank Ltd. 

 DEED OF GUARANTEE 

THIS DEED OF GUARANTEE is made at New Delhi on this 27 day of April 2012 (“Deed”) 

BY 

Network 18 Media & Investments Limited, a company incorporated under the Companies Act, 1956 and having its registered office at
503,504 & 507, 5th Floor, Mercantile House, 15 Kasturba Gandhi Marg, New Delhi- 110 001 (Co – Borrower/Guarantor hereinafter referred to as “Guarantor”, which expression shall
include its executors, administrators, successors and permitted assigns as the case may be) 
 in favour of THE RATNAKAR BANK LIMITED, a
company incorporated under the Indian Companies Act, 1913 and an existing Company within the purview of the Companies Act, 1956 and registered with the Reserve Bank of India as Scheduled Commercial Bank and having its registered office at Shahupuri,
Kolhapur – 416 001 and administrative office at “MAHAVEER”, Shri Shahu Market Yard Shahupuri, Kolhapur – 416 001 (hereinafter referred to as “Bank” which expression shall, unless it be repugnant to the context or
meaning thereof, be deemed to mean and include its successors in interest, assigns, holding or subsidiary company and/or associates) 
 WHEREAS
in terms of an Credit Facility Agreement dated 27/4/12 (“Agreement”) entered into by TV 18 Home Shopping Network Limited (herein under referred to as “the Borrower”, which expression shall unless repugnant to
the context or meaning thereof be deemed to include his / her / its heirs, executors, administrators and legal representatives / the partners for the time being of the said firm, the survivor or survivors of them and their respective heirs,
executors, administrators and legal representatives / its successors and permitted assigns, as the case may be) with The Ratnakar Bank Limited (hereinafter referred to as “the Bank” which expression shall, unless it be
repugnant to the context or meaning thereof, be deemed to mean and include its successors in interest, assigns, holding or subsidiary company and/or associates) of the Other Part, Bank has agreed to finance the Borrower for the purpose of working
capital, more particularly mentioned therein (“Purpose”) and such other facilities as may be agreed upon from time to time between the Bank and Borrower for sums not exceeding in the aggregate of Rs. 40,00,00,000/- (Rupees Forty Crores Only) (hereinafter referred to as “Credit Facility/ies”) on the terms and conditions specified and contained therein. 

AND WHEREAS one of the conditions specified and contained in the Agreement is that the Borrower shall procure and furnish to Bank a guarantee from the
Guarantor(s) guaranteeing due repayment (hereinafter referred to as “Guarantee”) by the Borrower of the said sum of Rs. 40,00,00,000/- (Rupees Forty Crores Only) (hereinafter for the
sake of brevity referred to as “the Guaranteed Sum”) together with interest, costs charges, expenses and/or other monies due to Bank in respect of or under the aforesaid Credit Facility/ies or any of them on demand by Bank.

  
 Page 1
of 8 

 AND WHEREAS the Guarantor at the request of the Borrower and in consideration of Bank having agreed to grant
or granted at the request of the Guarantor the aforesaid Credit Facility/ies to the Borrower, have agreed to execute this Guarantee in favour of Bank on the terms and in the manner hereinafter appearing. 

NOW THIS DEED WITNESSETH that in consideration of the above premises it is hereby covenanted and agreed (all the Guarantor/s covenanting and agreeing
jointly and severally) as follows; 
  

	1.	 	If at any time default shall be made by the Borrower in repayment of the Guaranteed Sum together with interest, costs, charges, expenses and/or other monies for the
time being due to Bank in respect of/or under the Credit Facility/ies the Guarantor shall forthwith on demand, without any demur or protest, irrevocably and unconditionally pay to Bank the whole of such Guaranteed Sum together with interest, costs,
charges, expenses and/or any other monies as may be then due to Bank in respect of the Credit Facility/ies and shall indemnify and keep indemnified Bank against all losses of the said Guaranteed Sum, interest or other monies due and all costs
charges and expenses whatsoever which Bank may incur by reason of any default on the part of the Borrower. 

  

	2.	 	The Guarantor/s agrees and confirms that interest shall be charged on the outstanding amount of the Credit Facility/ies at such rate(s) as may be determined by Bank
from time to time. Interest shall be calculated on the daily balance of the account(s) maintained by Bank and be debited thereto on the last working day of the month Bank shall also be entitled to charge at its own discretion such enhanced rates of
interest on the account(s) either on the entire outstanding or on a portion thereof as it may fix for any irregularity and the charging of such enhanced rate of interest shall be without prejudice to Bank’s other rights and remedies.

  

	3.	 	Bank shall have the fullest liberty without affecting this Guarantee to vary the amounts of the individual limits of the Credit Facility/ies as may be agreed upon from
time to time between Bank and the Borrower subject to the aggregate thereof not exceeding the Guaranteed Sum together with interest and other monies due and payable by the Borrower under the Agreement and/or to postpone for any time or from time to
time enforce or forbear to enforce any remedies of securities available to Bank at its liberty with reference to the matters aforesaid or any of them or by reason of time being given to the Borrower or of any other forbearance act or omission on the
part of Bank or any other indulgence by Bank to the Borrower or by any other matters or things whatsoever which under the law relating to sureties would but for this provision have the effect of so releasing the Guarantees. 

  
 Page 2
of 8 

	4.	 	**As the Credit Facility/ies has been further secured by creation of equitable mortgage by way of deposit of title deeds of the property/ies under separate security
documents executed by the Borrower with Bank which security documents would contain stipulations as to the margin or value of property/ies to be maintained and other matters, the Guarantor/s agrees that no failure in requiring or obtaining such
security or in the observance or performance of any of the stipulations or terms of the said security documents and no default of Bank in requiring or enforcing the observance or performance of any of the said stipulations or terms shall have the
effect of releasing or discharging or in any manner affecting the liability of the Guarantor under these presents. 

  

	5.	 	Bank shall be at liberty to take in addition to the subsisting securities any other securities for the Credit Facility/ies or any of them or any part thereof and to
release or forbear to enforce all or any of the remedies upon or under such securities and any collateral security or securities now held by Bank and that no such release or forbearance as aforesaid shall have the effect of releasing or discharging
or in any manner affecting the liability of the Guarantor under the Guarantee and that the Guarantor shall have no right to the benefit of the said security that may be held by Bank until the claims of Bank against the Borrower in respect of the
Credit Facility/ies and of all other claims (if any) are fully satisfied and then in so far only as such security shall not have been exhausted for the purpose of realising the amount of Bank’s claims and rateably only with other Guarantor or
other persons (if any) entitled to the benefit of such securities respectively. 

  

	6.	 	The Guarantee herein contained shall be enforceable against the Guarantor notwithstanding the securities aforesaid or any of them or any other collateral securities
that Bank may have obtained or may obtain from the Borrower or any other person shall at the time when proceedings are taken against the Guarantor hereunder be outstanding and/or not enforced and/or remain unrealised. 

 

	7.	 	The Guarantor/s hereby confirm, declare and affirm that their liability under the Guarantee herein contained, shall be joint and several and co-extensive with the liability of the Borrower and Bank shall be entitled to act as if the Guarantor/s was/were principal debtor/s to Bank for all the payments guaranteed by them as aforesaid to Bank.

  

	8.	 	 The Guarantee herein contained is a continuing one for all amounts advanced by Bank to the Borrower in respect of the Credit Facility/ies or under the
Agreement as also for all interest costs and other monies which may from time to time become due and remain unpaid to Bank thereunder and shall not be determined or in any way be affected by any account or accounts opened or to be opened in a bank
approved by Bank becoming nil or coming into credit at any time or from time to time or by reason 

  
 Page 3
of 8 

	 	 
of the said account or accounts being closed and fresh account or accounts being opened with the bank approved by Bank in respect of fresh facilities being granted within the overall limit
sanctioned to the Borrower. 

  

	9.	 	Notwithstanding Bank’s rights under any security which Bank may have obtained or may obtain, Bank shall have the fullest liberty to call upon the Guarantor/s to
pay the Guaranteed Sum together with interest as well as costs charges and expenses and/or other monies for the time being due to Bank in respect of the Credit Facility/ies or under the Agreement, or any of them without requiring Bank to realise
from the Borrower the amount due to Bank in respect of the Credit Facility/ies and/or requiring Bank to enforce any remedies or securities available to Bank. 

 

	10.	 	The Guarantee herein contained shall not be determined or in any way prejudiced by any absorption of or by Bank or by any amalgamation thereof or therewith but shall
inure and be available for and by the absorbing or amalgamated Bank or concern. 

  

	11.	 	The Guarantee shall be irrevocable and enforceable against the Guarantor/s notwithstanding any dispute between Bank and the Borrower. 

 

	12.	 	The Guarantor/s affirms and confirms and declare that any balance confirmation and/or acknowledgment of debt and/or admission of liability given or promise or part
payment made by the Borrower or the authorised agents of the Borrower to Bank shall be deemed to have been made and/or given by or on behalf of the Guarantor themselves and shall be binding upon each of them. 

 

	13.	 	The Guarantor/s shall forthwith on demand made by Bank deposit with Bank such sum or security as Bank may from time to time specify for the due fulfillment of their
obligations under this Guarantee and any security deposited with Bank may be sold by Bank after giving to the Guarantor a reasonable notice of sale and the said sum or the proceeds of sale of the securities may be appropriated by Bank in or towards
satisfaction of the Guaranteed Sum together with interest and other monies due and payable by the Borrower under the Agreement and any liability arising out of non-fulfillment thereof by the Guarantor. 

 

	14.	 	 The Guarantor/s hereby agrees that notwithstanding any variation made in the terms and conditions of the Agreement and/or any of the said security
documents including reallocation / interchange of the individual limits within the Guaranteed Sum, variation in the rate of interest, extension of the date for payment of the installments, if any, composition made between Bank and the Borrower to
give time to or not to sue the Borrower, or Bank parting with any of the securities given by the Borrower, the Guarantor/s shall not be released or discharged of their obligation under this Guarantee provided that in the event of any such variation
or composition or agreement the liability of the Guarantor/s shall notwithstanding anything herein 

  
 Page 4
of 8 

	 	 
contained be deemed to have accrued and the Guarantor/s shall be deemed to have become liable hereunder on the date or dates on which the Borrower shall become liable to pay the amount/amounts
due under the Agreement and/or any of the said security documents as a result of such variation or composition or arrangement. 

  

	15.	 	The Guarantor/s hereby agrees and confirms that Bank shall be entitled to adjust or set-off all monies held by Bank to the
credit of or for the benefit of the Guarantor/s on any account or otherwise howsoever towards the discharge and satisfaction of the liability of the Guarantor/s under these presents. 

 

	16.	 	Without prejudice to the liability to pay the Guaranteed Sum together with interest and other monies due to Bank as aforesaid, the Guarantor/s hereby declares that Bank
shall be at liberty to sue the Borrower and the Guarantor/s jointly and/or severally or Bank shall be entitled to proceed against the Borrower and/or Guarantor/s in the first instance. The Guarantor/s hereby bind(s) themselves/himself to pay on the
first demand, the amount due with costs thereon. 

  

	17.	 	Bank may recover against me/us to the extent herein before mentioned notwithstanding that the principal or his agents, partners, directors or officers may have exceeded
his or their powers or that the arrangements with Bank may have been ultra virus and without being bound to enforce its claim against the principal or any other person or other security held by Bank. Bank shall not be bound to inquire into powers of
the principal or his agents or partners, directors or officers purporting to act on behalf of the principal and all moneys dues or liabilities incurred shall be deemed to form part of the present guarantee notwithstanding that the principal or his
agents, partners, directors and officers may have exceeded his or their power or the arrangement with Bank may have been ultra virus. 

  

	18.	 	The Guarantor/s agrees that notwithstanding Bank for any reason whatsoever losing and/or parting with any of the securities given by the Borrower the Guarantor/s shall
not be released or discharged of their obligations under this Guarantee and in the event of Bank so losing or parting with the security the Guarantor/s shall be deemed to have consented to or acquiesced in the same. 

 

	19.	 	 The Guarantor/s agrees that if the Borrower being an individual becomes an insolvent or being a company goes into liquidation or winding up (whether
compulsory or voluntary) or if the management of the undertaking of the Borrower is taken over under any law or if the Borrower and/or the undertaking of the Borrower is nationalised under any law or make any arrangement or composition with
creditors, Bank may (notwithstanding payment to Bank by the Guarantor/s or any other person of the whole or any part of the amount hereby secured) rank as creditor and prove against the estate of the Borrower for the full amount of Bank’s claim
against the Borrower or agrees to and accepts any composition in respect thereof and Bank may 

  
 Page 5
of 8 

	 	 
receive and retain the whole of the dividends composition or other payments thereon to the exclusion of all the rights of the Guarantor/s in competition with Bank until all, Bank’s claims
are fully satisfied and the Guarantor/s will not be paying off the amounts payable by them or otherwise prove or claim against the estate of the Borrower till such time the whole of Banks claims against the Borrower have been satisfied and Bank may
enforce and recover payment from the Guarantor/s of the full amount payable by the Guarantor/s notwithstanding any such proof or composition as aforesaid. On the happening of any of the aforesaid events, the Guarantor/s shall forthwith inform Bank
in writing of the same. 

  

	20.	 	The Guarantee hereby given is independent and distinct from any security that Bank has taken or may take in any manner whatsoever whether it be by way of hypothecation
pledge and/or mortgage and of any other charge over goods, movables or other assets and/or any other property movable or immovable and the Guarantor/s have not given this guarantee upon any understanding faith or belief that Bank has taken and/or
may hereafter take any or other such security and that notwithstanding the provisions of Sections 140 and 141 of the Indian Contract Act, 1872 or other section of that Act or any other law the Guarantor/s will not claim to be discharged to any
extent because of Bank’s failure to take any or other such security or in requiring or obtaining any such or other security or losing for any reason whatsoever including reasons attributable to its default and negligence benefit of any or other
such security or any of rights to any or other such security that have been or could have been taken. 

  

	21.	 	This Deed shall be governed by and construed in all respects with the Indian Laws and the parties hereto agree that any matter or issues arising hereunder or any
dispute hereunder shall, at the option/discretion of Bank, be subject to the non-exclusive jurisdiction of the Courts of the City of New Delhi in India. This shall not however limit the rights of Bank to file/take proceedings in any other
Court of Competent Jurisdiction. 

  

	22.	 	The Guarantor/s agrees and accepts and consents for the disclosure and sharing by Bank of all or any information and data relating to the Guarantor/s, the
Guarantor’s account, and this Deed, including but not limited to information relating to default, if any, committed by the Guarantor/s, in the discharge of the Guarantor’ obligations, as Bank may deem appropriate and necessary to disclose
and furnish, to Reserve Bank of India (“RBI”) and/or to Credit Information Bureau (India) Ltd. and/or to any other agency authorized in this behalf by RBI, to its professional advisers and consultants and to its service providers, third
party or otherwise, instructed by it in relation to this Deed and/or the Credit Facility/ies, and/or as required under law or any applicable regulation, at the order of a court of law, or at the request or order of any statutory, regulatory or
supervisory authority with whom it customarily complies. 

  
 Page 6
of 8 

	 	(I)	 	The Guarantor/s declares that the information and data furnished and to be furnished to Bank are and shall be true and correct. 

 

	 	(II)	 	The Guarantor/s: 

  

	 	a)	 	accepts that Reserve Bank of India (RBI) or Credit Information Bureau (India) Ltd. and any other agency so authorized, any statutory, regulatory or supervisory
authority, may use, process, disseminate the said information and data disclosed by Bank in such manner as deemed fit by them in any particular circumstances; and 

 

	 	b)	 	shall not hold Bank at all responsible or liable in this regard 

  

	23.	 	The Guarantor/s agrees that any admission or acknowledgment made in writing signed by the Borrower of the liability or indebtedness of the Borrower or otherwise in
relation to the Credit Facility/ies and/or any part payment as may be made by the Borrower towards the principal sum hereby guaranteed or any judgment, award or order obtained by Bank against the Borrower shall be binding on the Guarantor/s and the
Guarantor/s accepts the correctness of any statement of account that may be served on the Borrower and the same shall be binding and conclusive as against the Guarantor/s also and the Guarantor/s further agrees that in the Borrower making an
acknowledgment or making a payment the Borrower shall in addition to his personal capacity be deemed to act as the Guarantor’s duly authorised agent in that behalf for the purpose of but not limited to Sections 18 and 19 of the Limitation Act
of 1963. 

  

	24.	 	The Guarantor shall not assign or transfer any of their rights and/or obligations under this Deed of Guarantee. No delay in exercising or omission to exercise any
right, power or remedy accruing/available to Bank upon any default or otherwise hereunder or any other security documents/letters of guarantee shall impair or prejudice any such right, power or remedy or shall be construed to be a waiver thereof or
any acquiescence therein and any single or partial exercise of any right, power or remedy hereunder shall not preclude the further exercise thereof and every right and remedy of Bank shall continue in full force and effect until such right, power or
remedy is specifically waived by an instrument in writing executed by Bank. 

  

	 	 	However Bank shall be entitled to, without issuing any notice or obtaining any consent from the Guarantor/s, sell, assign, this Deed with or without any other security
in favour of Bank (including all guarantee/s, if any) to any person (“Intending Assignee”) of Bank’s choice in whole or in part and in such manner and on such terms and conditions as Bank shall decide. Any such sale,
assignment, securitization or transfer shall conclusively bind the Guarantor/s and all other related persons. 

  
 Page 7
of 8 

	25.	 	The Guarantor agrees that the amount due under the Agreement and hereby guaranteed shall be payable to Bank on Bank serving the Guarantor/s with a notice requiring
payment of the amount and such notice shall be deemed to have been served on the Guarantor/s by actual delivery thereof to the Guarantor/s or by dispatch thereof by Registered Post or Certificate of Posting or by courier or by any other means to the
Guarantor’s address herein given or any other address in India to which, the Guarantor/s may by written intimation give Bank or request that communication addressed to the Guarantor’s be dispatched. Any notice dispatched by Bank by
Registered Post or Certificate of Posting or by courier or by any other means to the address to which it is required to be dispatched under this clause shall be deemed to have been duly served on the Guarantor/s four days after the date thereof, and
shall be sufficient if it is established that such notice, communication or demand was properly addressed and sent. 

  

	26.	 	This Deed shall be enforceable notwithstanding any change in the name or constitution of Bank and it shall inure for the benefit of company/entity with which Bank may
become amalgamated or to which Bank shall assign / novate / transfer / securities. 

 IN WITNESS WHEREOF the Guarantor/s
(abovementioned) have executed these presents the day and year first hereinabove written. 
 SIGNED AND
DELIVERED 
 by within named Guarantor 
 For Network 18 Media & Investments Limited 
  

	
	 /s/ R.D.S Bawa

	R.D.S Bawa

 Director/Authorised Signatory (ies) 

The Common Seal of 
 Network 18 Media & Investments Limited 
 the
Borrower within named was affixed hereunto 
 in the presence of: 

 

	
	 Shri./ Smt. /s/ Yug Samrat

	 Shri./ Smt. Yug Samrat

Directors /                      of the
Borrowers in pursuance of the Board Resolution dated 09/02/2012 and they have signed below the Seal to confirm that the Seal was affixed in their presence.

  
 Page 8
of 8

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