TERMSHEET-CHESTORCDRTRANSFER:2018-2019 NOTE:
1.TheCompanyreservestheright,atitsdiscretion,tochange,modify, add,orremoveportionsoftheseTermsatanytimebyincorporatingthe amendedTerms.
2.PleasechecktheseTermsperiodicallyforchanges.
3.Donotattempttomakeanychangestotheapprovedformat.Changes madewhatsoeverwillnotbeincorporatedandwillbedeemedinvalidby theCompany.
PART1-TRANSACTIONSPECIFICATIONS: WORK
CHEST/CDRTRANSFER
TRANSACTIONTYPE COMPANYTOCOMPANY ENTITIES
STARTINGTRANSACTION QUANTUM
RATIOALLOTED
TRANSACTIONDATE TRANSACTIONTIME
TRANSACTIONLOCATION
1.INVESTOR 2.BORROWER 75MillionUSD
TERMSHEET-CHESTORCDRTRANSFER:2018-2019 BANK ADDRESS IFSCCODE
NUMBEROF RECEIVING COMPANY/ COMPANIES
PROJECTS
AVAILABLEIN SECTORSFOR INVESTMENT
1.INFRA 2.IT 3.PHARMA
4. MANUFACTURING 5.REALESTATE 6.HOTELS
TYPEOFFUND REQUIRED
1.TRADE 2.FDI
TERMSHEET-CHESTORCDRTRANSFER:2018-2019 Procedure: PART2:Onthedayofperformance:
Boththeclientswillmeetoutsidethebank15minutesbeforethe transactiontime.Afterformaldiscussion,boththeclientswillexchange theirrespectiveauthorizationletters.(NOTE:TheAuthorisationletterof theBuyer'sSignatorywillbefromaHKorUAEbasedcompany).TheB clientcanverifythedetailsoftheWclientaspertheirsources.Oncethe confirmationiscompleted,thefurtherprocedurecanbecarriedout.
Boththeclientswillenterthebankwiththeirsignatorieswithallthebelow saiddocuments(Asperpart4)
Aftercompletingthestepsinpart3boththeclientswillfollowthestepsin chronologicalorder.
PART3:Confirmation
TheSellerwillverifyhischestorCDRtotheBuyer'ssignatory.TheSeller willprovehisassetstotheBuyerbyproducingoriginalreceiptsofthe chestanddulypaidrentreceiptstillthethedayofperformance.(Note: TheSellerwillberequiredtoissuealetterfrom thebankonthebank letterheadtoconfirmthetransferofthechestinfavoroftheBuyer.Ifthe Bclientwantstobreakthechestandisnotreadyforthetransfer,thenthe clientwillberequiredtodisplaythephysicalinthebankpremisesbefore continuingtherestoftheprocedure).
Afterverificationandconfirmationofthechestandrelateddocuments, theBuyershallprovethathehassufficientfundsavailableinhisaccount /accountsbypullingoutlateststatementofaccountdulysignedby Designatedofficerandhimself.(Note:TheBuyer'sDesignatedofficerwill enterthebankoncethechestaccountisconfirmed).
Afterverificationisdone,boththepartiesshouldexchangetheirKYC detailsalongwiththedocumentsmentionedin(part4)uptothe satisfactionofeachother.
Sellerwillhandoverthealltherelevantdocumentspertainingtothe CHESTORCDRorrentreceiptsprovidedatthetimeofissueofthe instrumentandthedetailsofReceivingaccountstotheBuyer.
TERMSHEET-CHESTORCDRTRANSFER:2018-2019
Oncetheabovementionedstoreissuccessfullycompleted,TheBuyerwill keepthefundinitsaccountonholdtotheextentofprincipalplus premiumasdecided.
AspertheinstructionsoftheSeller,theBuyerwillmaketheRTGSin regularintervalof24hours(everyday)ORasperthepayingORreceiving capacityofboththepartiesthepaymentschedulewillbepreparedand fundswouldbedivertedintheapprovedprojectsandwillcompletethe legalformalities,likeNOCandothersORbothBuyersandSellersare maintaining theiraccount(s)in the same Bank although different branchesbutarelinkedeachotherelectronically,inthatevent,ledger transferisalsofeasibleinlieuofRTGS.
BuyerissuesaNoclaimletter/disclaimerlettertothecompany.
Part4:Documents DocumentstobeprovidedbytheBuyerandSellerontheTransactionDay:
1.TheBuyerhastocomewithKYC documentsofthecompany, Authorisationletter,companyprofileandsignatoryprofile.
2.KYCREQUIREMENTSforthecompany:KYCofthecompany(ROC/ PAN/TAN/DINofallthedirectors),KYCofthesignatory(CompanyID, PAN/Aadhar/Passport),authorizationletter,latestboardresolutionand sourceoffundsfortheamountheldinthechestorCDR.
3.Punctualityandsincerityofthebusinessishighlyexpected.
4.Nomodificationofthechronologyand/ornatureofthestepsin procedurewillbeacceptedinthebank.
TERMSHEET-CHESTORCDRTRANSFER:2018-2019 NOTE:1.Bothpartiesshouldmaintainscheduledtimetoperformthetransaction withoutfailandStrictly.OnlyspecifiedscheduledOnehourtimeis allowedtoenterinsidethebankandforinitiatingtheprocess.
2.TheCompanydocumentsoftheWclientwillbefrom aHKorUAE basedcompany.
3.Nochangesacceptedingivenscheduleabove.
4.Thefullquantumagreementand/investmentagreementwilltakeplace accordingtotheavailabilityoftheDirectors,legaladvisors,C.A.ofthe SellerandtheBuyer.Itwillbecarriedoutonthesamedayofthe transactionorasperthedatefinalizedbythesignatoriesofboththe clientsafterthecompletionofthefirsttransaction.
TERMSHEET-CHESTORCDRTRANSFER:2018-2019
FAILUREFACTORS:BUYERSIDE:
1,Notcomingtothebankontime. 2.Notdrawingthestatementwithsealandsignatureofthebankmanager. 3.Notshowingsuitablefundsintheiraccount. 4.NotabletodoRTGSorLedger. 5.Unhealthytrackrecordoftheinvestingcompanyaccount. 6.Notbringingthesuitabledocuments.
SELLERSIDE: 1.Notcomingtothebankontime.
2.Notproviding properreceiving company details and required documents. 3.Notprovidingchestverification.
Kindlysignandapprovetheaboveprocedure(Nochangesacceptable)for proceedingtothenextstepofthedeal.
TERMSHEET-CHESTORCDRTRANSFER:2018-2019
SIGNATURE-CHEST/CDRHOLDER(BORROWER) NAMEDATE-
1.TheCompanyreservestheright,atitsdiscretion,tochange,modify, add,orremoveportionsoftheseTermsatanytimebyincorporatingthe amendedTerms.
2.PleasechecktheseTermsperiodicallyforchanges.
3.Donotattempttomakeanychangestotheapprovedformat.Changes madewhatsoeverwillnotbeincorporatedandwillbedeemedinvalidby theCompany.
PART1-TRANSACTIONSPECIFICATIONS: WORK
CHEST/CDRTRANSFER
TRANSACTIONTYPE COMPANYTOCOMPANY ENTITIES
STARTINGTRANSACTION QUANTUM
RATIOALLOTED
TRANSACTIONDATE TRANSACTIONTIME
TRANSACTIONLOCATION
1.INVESTOR 2.BORROWER 75MillionUSD
TERMSHEET-CHESTORCDRTRANSFER:2018-2019 BANK ADDRESS IFSCCODE
NUMBEROF RECEIVING COMPANY/ COMPANIES
PROJECTS
AVAILABLEIN SECTORSFOR INVESTMENT
1.INFRA 2.IT 3.PHARMA
4. MANUFACTURING 5.REALESTATE 6.HOTELS
TYPEOFFUND REQUIRED
1.TRADE 2.FDI
TERMSHEET-CHESTORCDRTRANSFER:2018-2019 Procedure: PART2:Onthedayofperformance:
Boththeclientswillmeetoutsidethebank15minutesbeforethe transactiontime.Afterformaldiscussion,boththeclientswillexchange theirrespectiveauthorizationletters.(NOTE:TheAuthorisationletterof theBuyer'sSignatorywillbefromaHKorUAEbasedcompany).TheB clientcanverifythedetailsoftheWclientaspertheirsources.Oncethe confirmationiscompleted,thefurtherprocedurecanbecarriedout.
Boththeclientswillenterthebankwiththeirsignatorieswithallthebelow saiddocuments(Asperpart4)
Aftercompletingthestepsinpart3boththeclientswillfollowthestepsin chronologicalorder.
PART3:Confirmation
TheSellerwillverifyhischestorCDRtotheBuyer'ssignatory.TheSeller willprovehisassetstotheBuyerbyproducingoriginalreceiptsofthe chestanddulypaidrentreceiptstillthethedayofperformance.(Note: TheSellerwillberequiredtoissuealetterfrom thebankonthebank letterheadtoconfirmthetransferofthechestinfavoroftheBuyer.Ifthe Bclientwantstobreakthechestandisnotreadyforthetransfer,thenthe clientwillberequiredtodisplaythephysicalinthebankpremisesbefore continuingtherestoftheprocedure).
Afterverificationandconfirmationofthechestandrelateddocuments, theBuyershallprovethathehassufficientfundsavailableinhisaccount /accountsbypullingoutlateststatementofaccountdulysignedby Designatedofficerandhimself.(Note:TheBuyer'sDesignatedofficerwill enterthebankoncethechestaccountisconfirmed).
Afterverificationisdone,boththepartiesshouldexchangetheirKYC detailsalongwiththedocumentsmentionedin(part4)uptothe satisfactionofeachother.
Sellerwillhandoverthealltherelevantdocumentspertainingtothe CHESTORCDRorrentreceiptsprovidedatthetimeofissueofthe instrumentandthedetailsofReceivingaccountstotheBuyer.
TERMSHEET-CHESTORCDRTRANSFER:2018-2019
Oncetheabovementionedstoreissuccessfullycompleted,TheBuyerwill keepthefundinitsaccountonholdtotheextentofprincipalplus premiumasdecided.
AspertheinstructionsoftheSeller,theBuyerwillmaketheRTGSin regularintervalof24hours(everyday)ORasperthepayingORreceiving capacityofboththepartiesthepaymentschedulewillbepreparedand fundswouldbedivertedintheapprovedprojectsandwillcompletethe legalformalities,likeNOCandothersORbothBuyersandSellersare maintaining theiraccount(s)in the same Bank although different branchesbutarelinkedeachotherelectronically,inthatevent,ledger transferisalsofeasibleinlieuofRTGS.
BuyerissuesaNoclaimletter/disclaimerlettertothecompany.
Part4:Documents DocumentstobeprovidedbytheBuyerandSellerontheTransactionDay:
1.TheBuyerhastocomewithKYC documentsofthecompany, Authorisationletter,companyprofileandsignatoryprofile.
2.KYCREQUIREMENTSforthecompany:KYCofthecompany(ROC/ PAN/TAN/DINofallthedirectors),KYCofthesignatory(CompanyID, PAN/Aadhar/Passport),authorizationletter,latestboardresolutionand sourceoffundsfortheamountheldinthechestorCDR.
3.Punctualityandsincerityofthebusinessishighlyexpected.
4.Nomodificationofthechronologyand/ornatureofthestepsin procedurewillbeacceptedinthebank.
TERMSHEET-CHESTORCDRTRANSFER:2018-2019 NOTE:1.Bothpartiesshouldmaintainscheduledtimetoperformthetransaction withoutfailandStrictly.OnlyspecifiedscheduledOnehourtimeis allowedtoenterinsidethebankandforinitiatingtheprocess.
2.TheCompanydocumentsoftheWclientwillbefrom aHKorUAE basedcompany.
3.Nochangesacceptedingivenscheduleabove.
4.Thefullquantumagreementand/investmentagreementwilltakeplace accordingtotheavailabilityoftheDirectors,legaladvisors,C.A.ofthe SellerandtheBuyer.Itwillbecarriedoutonthesamedayofthe transactionorasperthedatefinalizedbythesignatoriesofboththe clientsafterthecompletionofthefirsttransaction.
TERMSHEET-CHESTORCDRTRANSFER:2018-2019
FAILUREFACTORS:BUYERSIDE:
1,Notcomingtothebankontime. 2.Notdrawingthestatementwithsealandsignatureofthebankmanager. 3.Notshowingsuitablefundsintheiraccount. 4.NotabletodoRTGSorLedger. 5.Unhealthytrackrecordoftheinvestingcompanyaccount. 6.Notbringingthesuitabledocuments.
SELLERSIDE: 1.Notcomingtothebankontime.
2.Notproviding properreceiving company details and required documents. 3.Notprovidingchestverification.
Kindlysignandapprovetheaboveprocedure(Nochangesacceptable)for proceedingtothenextstepofthedeal.
TERMSHEET-CHESTORCDRTRANSFER:2018-2019
SIGNATURE-CHEST/CDRHOLDER(BORROWER) NAMEDATE-
