Common use of APPOINTMENT OF THE SHARE ESCROW AGENT AND ESTABLISHMENT OF ESCROW DEMAT ACCOUNT Clause in Contracts

APPOINTMENT OF THE SHARE ESCROW AGENT AND ESTABLISHMENT OF ESCROW DEMAT ACCOUNT. (i) The Company and the Selling Shareholders hereby appoint Link Intime India Private Limited to act as the Share Escrow Agent under this Agreement, and Link Intime India Private Limited hereby accepts such appointment on the terms and conditions set forth herein. The Share Escrow Agent shall provide a list of documents required for the opening of the Escrow Demat Account to the Company and the Selling Shareholders immediately upon the execution of this Agreement and shall open the Escrow Demat Account with the Depository Participant within one Working Day from the date of this Agreement but in any event prior to the Deposit Date. The Share Escrow Agent shall ensure that the Escrow Demat Account is opened in time for the Selling Shareholders to comply with Clause 3.1 below. Immediately upon the opening of the Escrow Demat Account, the Share Escrow Agent shall inform the Company and the Selling Shareholders (with a copy to the BRLMs) by a notice in writing, confirming the opening of the Escrow Demat Account and the details thereof, in a form as set out in Annexure

APPOINTMENT OF THE SHARE ESCROW AGENT AND ESTABLISHMENT OF ESCROW DEMAT ACCOUNT. (i) The Company and the Selling Shareholders hereby appoint Link Intime India Private Limited to act as the Share Escrow Agent under this Agreement, and Link Intime India Private Limited hereby accepts such appointment on the terms and conditions set forth herein. The Share Escrow Agent shall provide a list of documents required for the opening of the Escrow Demat Account to the Company and the Selling Shareholders immediately upon the execution of this Agreement and shall open the Escrow Demat Account with the Depository Participant within one Working Day from the date of this Agreement but in any event prior to the Deposit Date. The Share Escrow Agent shall ensure that the Escrow Demat Account is opened in time for the Selling Shareholders to comply with Clause 3.1 belowAgreement. Immediately upon the opening of the Escrow Demat Account, the Share Escrow Agent shall inform the Company and Company, the Selling Shareholders (with a copy to the BRLMsManagers) by a notice in writing, confirming the opening of the Escrow Demat Account and the details thereof, in a form as set out in AnnexureAnnexure C. Such written intimation shall be sent in accordance with Clause 10.1, such that it is received on the day the Escrow Demat Account is opened. The Escrow Demat Account shall be operated strictly in the manner set out in this Agreement.

APPOINTMENT OF THE SHARE ESCROW AGENT AND ESTABLISHMENT OF ESCROW DEMAT ACCOUNT. (i) 2.1 The Company and each of the Selling Shareholders Shareholders, severally and not jointly, hereby appoint Link Intime India Private Limited to act as the Share Escrow Agent under this Agreement, to open and operate the Escrow Demat Account, and Link Intime India Private Limited hereby accepts such appointment on the terms and conditions set forth herein. The Share Escrow Agent shall provide a list of documents required for the opening of the Escrow Demat Account to the Company and the Selling Shareholders immediately upon the execution of this Agreement and shall open the Escrow Demat Account with the Depository Participant within immediately and in no event later than one (1) Working Day from the date of this Agreement but in any event three (3) Working Days prior to the Deposit Date. The Share Escrow Agent shall ensure that the Escrow Demat Account is opened in time for the Selling Shareholders to comply with Clause 3.1 below. Immediately upon on the opening of the Escrow Demat Account, the Share Escrow Agent shall inform send a written intimation to each of the Selling Shareholders, the Book Running Lead Managers and the Company and the Selling Shareholders (with a copy to the BRLMs) by a notice in writing, confirming the opening of the Escrow Demat Account and the details thereofAccount, in a form as set out in AnnexureSchedule C. Such written intimation shall be sent through any mode as provided under this Agreement such that it is received on the same day the Escrow Demat Account is opened. The Escrow Demat Account shall be operated strictly in the manner set out in this Agreement.

APPOINTMENT OF THE SHARE ESCROW AGENT AND ESTABLISHMENT OF ESCROW DEMAT ACCOUNT. (i) The Company and the Selling Shareholders Shareholders, severally and not jointly, hereby appoint Link Intime India Private Limited to act as the Share Escrow Agent under this Agreement, to open and operate the Escrow Demat Account and Link Intime India Private Limited hereby accepts such appointment on the terms and conditions set forth herein. The Share Escrow Agent shall provide a list of documents required for the opening of the Escrow Demat Account to the Company and the Selling Shareholders immediately upon the execution of this Agreement and shall open the Escrow Demat Account with the Depository Participant within one Working Day from the date of this Agreement but in any event prior to the Deposit Date. The Share Escrow Agent shall ensure that the Escrow Demat Account is opened in time for the Selling Shareholders to comply with Clause 3.1 below. Immediately upon the opening of the Escrow Demat Account, the Share Escrow Agent shall inform the Company and Company, the Selling Shareholders (with a copy to the BRLMsManagers and the Registrar to the Company) by a notice in writing, confirming the opening of the Escrow Demat Account and the details thereof, in a form as set out in AnnexureSchedule C, such written intimation shall be sent in accordance with Clause 10.1 below, such that it is received on the same day the respective Escrow Demat Account is opened. The Share Escrow Agent shall ensure that the Escrow Demat Account is opened in time for the Selling Shareholders to comply with Clause 3.1 below. The Escrow Demat Account shall be operated at all times strictly in the manner set out in this Agreement.

APPOINTMENT OF THE SHARE ESCROW AGENT AND ESTABLISHMENT OF ESCROW DEMAT ACCOUNT. (i) 2.1 The Company and the Selling Shareholders Shareholder, hereby appoint Link Intime India Private Limited to act as the Share Escrow Agent under this Agreement, to open and operate the Escrow Demat Account, and Link Intime India Private Limited hereby xxxxxx accepts such appointment on the terms and conditions set forth herein. The Share Escrow Agent shall provide a list of documents required for the opening of the Escrow Demat Account to the Company and the Selling Shareholders Shareholder immediately upon the execution of this Agreement and shall open ensure opening of the Escrow Demat Account by the name of "LIIPL POPULAR VECHICLES AND SERVICES OFS ESCROW DEMAT ACCOUNT" with the Depository Participant within immediately and in no event later than one (1) Working Day from the date of this Agreement but and in any event prior to the Deposit Date. The Share Escrow Agent shall ensure that the Escrow Demat Account is opened in time for the Selling Shareholders to comply with Clause 3.1 below. Immediately upon on the opening of the Escrow Demat Account, the Share Escrow Agent shall inform send a written intimation to the Company and Company, the Selling Shareholders Shareholder (with a copy to the BRLMsBook Running Lead Managers) by a notice in writing, confirming the opening of the Escrow Demat Account and the details thereof, in a the form as set out in AnnexureSchedule C. Such written intimation shall be sent through any mode as provided under Clause 10.1 of this Agreement such that it is received on the day the Escrow Demat Account is opened. The Escrow Demat Account shall be operated at all times strictly in the manner set out in this Agreement.

APPOINTMENT OF THE SHARE ESCROW AGENT AND ESTABLISHMENT OF ESCROW DEMAT ACCOUNT. (i) 2.1 The Company and the Selling Shareholders Shareholders, after consultation with the Lead Managers, hereby appoint Link Intime India Private Limited to act as the Share Escrow Agent under this Agreement, Agreement and Link Intime India Private Limited hereby accepts such appointment on the terms and conditions set forth herein. The Share Escrow Agent (acting on the instructions of the Company) shall provide a list of documents required for the opening of operate the Escrow Demat Account and undertakes to the Company and the Selling Shareholders immediately upon the execution of this Agreement and shall open the Escrow Demat Account (acting on the instructions of the Company) with the a Depository Participant within one (1) Working Day from the date of this Agreement Date but in any event prior to the Deposit Date. The Share Escrow Agent shall ensure that filing of the Escrow Demat Account is opened in time for the Selling Shareholders to comply with Clause 3.1 belowRed Xxxxxxx Prospectus. Immediately upon on the opening of the Escrow Demat Account, the Share Escrow Agent shall inform each of the Company and Company, the Selling Shareholders (with a copy to and the BRLMs) Lead Managers by a notice in writing, writing confirming the opening of the Escrow Demat Account and the details thereof, in a form as set out in AnnexureSchedule V. Such written notice may be sent in accordance with Section 10.1 of this Agreement such that each of the relevant recipients receives it on the same day of opening of the Escrow Demat Account. All expenses with respect to opening, maintaining and operating the Escrow Demat Account in accordance with the terms of this Agreement will be borne in accordance with the Offer Agreement and Applicable Law. The Escrow Demat Account shall be operated strictly in the manner set out in this Agreement.