Common use of Corporate Status and Authority Clause in Contracts

Corporate Status and Authority. 2.1. The Company and its Subsidiaries are private companies duly incorporated and organized under the laws of India, having the full corporate power and authority under Applicable Law to enter into, execute and perform its obligations under the Transaction Documents and all other documents and instruments required to be executed pursuant thereto or in connection therewith, to own its Assets and carry on the Business as it is now being conducted, and is duly registered and authorized to do Business in every jurisdiction which, by the nature of its Business and Assets, makes registration or authorisation necessary. 2.2. Execution and performance by the Company of the Transaction Documents, this Agreement and all other documents and instruments required to be executed pursuant thereto or in connection therewith, will constitute valid and binding obligations and be enforceable against the Company in accordance with their respective terms. 2.3. The Business and affairs of the Company have been conducted in accordance with its certificate of incorporation, Memorandum and Articles and true, complete and duly amended copies of the same have been provided to the Investor. The business and affairs of the Company’s Subsidiaries have been conducted in accordance with their respective certificate of incorporation, memorandum and articles of association. Further, the Company and its Subsidiaries do not carry on any business that will render the issue of Investor Securities to the Investor to be in violation of any Applicable Law. 2.4. All investments received by the Company have been received in accordance with Applicable Laws and all approvals required to be taken and filings required to be made under Applicable Laws in relation to such investments have been complied with. 2.5. The Company does not have any Subsidiary, except for: (i) Scootsy Logistics Private Limited (“Scootsy”); and (ii) Supr Infotech Solutions Private Limited (“Supr”).

Corporate Status and Authority. 2.1. The Company and its Subsidiaries are private companies duly incorporated and organized under the laws of India, having the full corporate power and authority under Applicable Law to enter into, execute and perform its obligations under the Transaction Documents and all other documents and instruments required to be executed pursuant thereto or in connection therewith, to own its Assets and carry on the Business as it is now being conducted, and is duly registered and authorized to do Business in every jurisdiction which, by the nature of its Business and Assets, makes registration or authorisation necessary. 2.2. Execution and performance by the Company of the Transaction Documents, this Agreement and all other documents and instruments required to be executed pursuant thereto or in connection therewith, will constitute valid and binding obligations and be enforceable against the Company in accordance with their respective terms. 2.3. The Business and affairs of the Company have been conducted in accordance with its certificate of incorporation, Memorandum and Articles and true, complete and duly amended copies of the same have been provided to the InvestorInvestors. The business and affairs of the Company’s Subsidiaries have been conducted in accordance with their respective certificate of incorporation, memorandum and articles of association. Further, the Company and its Subsidiaries do not carry on any business that will render the issue of Investor Securities to the Investor Investors to be in violation of any Applicable Law. 2.4. All investments received by the Company have been received in accordance with Applicable Laws and all approvals Approvals required to be taken and filings required to be made under Applicable Laws in relation to such investments have been complied with. 2.5. The Company does not have any Subsidiary, except for: (i) Scootsy Logistics Private Limited (“Scootsy”); and (ii) Supr Infotech Solutions Private Limited (“Supr”).

Corporate Status and Authority. 2.1. The Company and its Subsidiaries are private companies duly incorporated and organized under the laws of India, having the full corporate power and authority under Applicable Law to enter into, execute and perform its obligations under the Transaction Documents and all other documents and instruments required to be executed pursuant thereto or in connection therewith, to own its Assets and carry on the Business as it is now being conducted, and is duly registered and authorized to do Business in every jurisdiction which, by the nature of its Business and Assets, makes registration or authorisation necessary. 2.2. Execution and performance by the Company of the Transaction Documents, this Agreement and all other documents and instruments required to be executed pursuant thereto or in connection therewith, and such documents, will constitute valid and binding obligations and be enforceable against the Company in accordance with their respective terms. 2.3. The Business and affairs of the Company have been conducted in accordance with its certificate of incorporation, Memorandum and Articles and true, complete and duly amended copies of the same have been provided to the InvestorInvestors. The business and affairs of the Company’s Subsidiaries have been conducted in accordance with their respective certificate of incorporation, memorandum and articles of association. Further, the Company and its Subsidiaries do not carry on any business that will render the issue of Investor Securities to the Investor Investors to be in violation of any Applicable Law. 2.4. All investments received by the Company have been received in accordance with Applicable Laws and all approvals required to be taken and filings required to be made under Applicable Laws in relation to such investments have been complied with. 2.5. The Company does not have any Subsidiary, except for: (i) Scootsy Logistics Private Limited (“Scootsy”); and (ii) Supr Infotech Solutions Private Limited (“Supr”).