Common use of Most Favourable Rights Clause in Contracts

Most Favourable Rights. The Company and / or the Promoters hereby undertake to ensure that the Purchaser, Ashoka India Equity Investment Trust Plc, 360 One Special Opportunities Fund – Series 9 and 360 One Special Opportunities Fund – Series 10 have the same set of rights and obligations and if any additional rights are given to Ashoka India Equity Investment Trust Plc or 360 One Special Opportunities Fund – Series 9 or 360 One Special Opportunities Fund – Series 10 or any obligations reduced, the benefit of the same shall be automatically applicable to the Purchaser. The Company and / or the Promoters shall not confer on any Person, rights, privileges, preferences, and benefits: (a) which are more favourable than rights granted to the Purchaser under this Agreement; or (b) which, in any way, limit or prejudice the rights of the Purchaser, in either case, without the consent of the Purchaser. In the event the Company and / or the Promoters confer on any Person, rights, privileges, preferences and benefits which are more favourable than rights granted to the Purchaser under this Agreement, the rights of the Purchaser as provided for in this Agreement will be deemed to be automatically modified and amended such that the rights as favourable as the rights granted to such Person are conferred on the Purchaser, unless the Purchaser agrees to waive the right available to the Purchaser under this Clause 5.1.10 (Most Favourable Rights). Provided that this Clause 5.1.10 (Most Favourable Rights) shall not apply where a third party acquires more than 5% (either through itself or through its affiliates) of the share capital of the Company (on a Fully Diluted Basis) (either through subscription or acquisition of the Securities of the Company).

Most Favourable Rights. The Company and / or the Promoters hereby undertake to ensure that the Purchaser, 360 One Special Opportunities Fund – Series 10, Ashoka India Equity Investment Trust Plc, 360 One Special Opportunities Fund and Axis Growth Avenues AIF – Series 9 and 360 One Special Opportunities Fund – Series 10 I have the same set of rights and obligations and if any additional rights are given to Ashoka India Equity Investment Trust Plc or 360 One Special Opportunities Fund – Series 9 or Plc, 360 One Special Opportunities Fund – Series 10 or Axis Growth Avenues AIF – I or any obligations reduced, the benefit of the same shall be automatically applicable to the Purchaser. The Company and / or the Promoters shall not confer on any Person, rights, privileges, preferences, and benefits: : (a) which are more favourable than rights granted to the Purchaser under this Agreement; or (b) which, in any way, limit or prejudice the rights of the Purchaser, in either case, without the consent of the Purchaser. In the event the Company and / or the Promoters confer on any Person, rights, privileges, preferences and benefits which are more favourable than rights granted to the Purchaser under this Agreement, the rights of the Purchaser as provided for in this Agreement will be deemed to be automatically modified and amended such that the rights as favourable as the rights granted to such Person are conferred on the Purchaser, unless the Purchaser agrees to waive the right available to the Purchaser under this Clause 5.1.10 5.1.8 (Most Favourable Rights). Provided that this Clause 5.1.10 (Most Favourable Rights) shall not apply where a third party acquires more than 5% (either through itself or through its affiliates) of the share capital of the Company (on a Fully Diluted Basis) (either through subscription or acquisition of the Securities of the Company).

Most Favourable Rights. The Company and / or the Promoters hereby undertake to ensure that the Purchaser, 360 One Special Opportunities Fund – Series 9, Ashoka India Equity Investment Trust Plc, 360 One Special Opportunities Fund and Axis Growth Avenues AIF – Series 9 and 360 One Special Opportunities Fund – Series 10 I have the same set of rights and obligations and if any additional rights are given to Ashoka India Equity Investment Trust Plc or Plc, 360 One Special Opportunities Fund – Series 9 or 360 One Special Opportunities Fund Axis Growth Avenues AIF – Series 10 I or any obligations reduced, the benefit of the same shall be automatically applicable to the Purchaser. The Company and / or the Promoters shall not confer on any Person, rights, privileges, preferences, and benefits: : (a) which are more favourable than rights granted to the Purchaser under this Agreement; or (b) which, in any way, limit or prejudice the rights of the Purchaser, in either case, without the consent of the Purchaser. In the event the Company and / or the Promoters confer on any Person, rights, privileges, preferences and benefits which are more favourable than rights granted to the Purchaser under this Agreement, the rights of the Purchaser as provided for in this Agreement will be deemed to be automatically modified and amended such that the rights as favourable as the rights granted to such Person are conferred on the Purchaser, unless the Purchaser agrees to waive the right available to the Purchaser under this Clause 5.1.10 5.1.8 (Most Favourable Rights). Provided that this Clause 5.1.10 (Most Favourable Rights) shall not apply where a third party acquires more than 5% (either through itself or through its affiliates) of the share capital of the Company (on a Fully Diluted Basis) (either through subscription or acquisition of the Securities of the Company).

Most Favourable Rights. The Company and / or the Promoters hereby undertake to ensure that the Purchaser, Ashoka India Equity Investment Trust Plc360 One Special Opportunities Fund – Series 9, 360 One Special Opportunities Fund – Series 9 10 and 360 One Special Opportunities Fund Axis Growth Avenues AIF – Series 10 I have the same set of rights and obligations and if any additional rights are given to Ashoka India Equity Investment Trust Plc or 360 One Special Opportunities Fund – Series 9 or 9, 360 One Special Opportunities Fund – Series 10 or Axis Growth Avenues AIF – I or any obligations reduced, the benefit of the same shall be automatically applicable to the Purchaser. The Company and / or the Promoters shall not confer on any Person, rights, privileges, preferences, and benefits: : (a) which are more favourable than rights granted to the Purchaser under this Agreement; or (b) which, in any way, limit or prejudice the rights of the Purchaser, in either case, without the consent of the Purchaser. In the event the Company and / or the Promoters confer on any Person, rights, privileges, preferences and benefits which are more favourable than rights granted to the Purchaser under this Agreement, the rights of the Purchaser as provided for in this Agreement will be deemed to be automatically modified and amended such that the rights as favourable as the rights granted to such Person are conferred on the Purchaser, unless the Purchaser agrees to waive the right available to the Purchaser under this Clause 5.1.10 5.1.8 (Most Favourable Rights). Provided that this Clause 5.1.10 (Most Favourable Rights) shall not apply where a third party acquires more than 5% (either through itself or through its affiliates) of the share capital of the Company (on a Fully Diluted Basis) (either through subscription or acquisition of the Securities of the Company).