Terms of the compulsorily convertible preference shares, schedule to the subscription agreement, the special resolution and the articles

TERMS OF THE SERIES [A] COMPULSORILY CONVERTIBLE PREFERENCE SHARES

of [Name] Private Limited — to be set out in the explanatory statement to the special resolution under section 55 of the Companies Act 2013 read with rule 9 of the Companies (Share Capital and Debentures) Rules 2014, in the articles of association and in the register of members

1. Designation, number and price. [Number of CCPS to be issued] compulsorily convertible preference shares of the face value of Rs [Face value of each CCPS (Rs)] each, designated the “Series [A] CCPS”, to be issued at a price of Rs [Issue price of each CCPS (Rs)] per Series [A] CCPS, comprising face value of Rs [Face value of each CCPS (Rs)] and a premium of Rs [Premium on each CCPS (Rs)], aggregating Rs [Total amount of the issue (Rs)] (Rupees [Total amount of the issue in words] only). The price has been determined on the basis of the valuation report dated [Date of valuation report] of [Registered valuer's name], a registered valuer under section 247 of the Act.