Common use of Payment Security Clause in Contracts

Payment Security. 11.1. The Buyer shall provide to the Seller as security for its payment obligations hereunder an irrevocable, unconditional, on demand Bank Guarantee from a bank included in the list provided in Annexure – 8, in favour of the Seller, for an amount specified in Clause 11.2 below, in a form provided at Annexure 6. Original Bank Guarantee along with the copy of SFMS confirmation to be submitted on or before 12th February 2024 and shall be valid up to 31st March 2025. 11.2. The amount of the Bank Guarantee to be provided and maintained under Clause 11.1 above shall be for thirty (31) Days equivalent Gas supplies to Buyer and shall be determined as follows: 11.3. Bank Guarantee amount (in United States Dollar) = [(Awarded Sales Gas Volume (in scm) * 10,000 kcal/scm/ 252,000) MMBTU] * [Sales Gas Price (plus applicable VAT rate)] * [31 days]. The INR/USD exchange rate to be used for purpose of calculating the Bank Guarantee amount in INR for Seller shall be the rate published by Financial Benchmarks India Private Limited on the first day of the month in which the Bank Guarantee is issued. The Sales Gas Price to be considered for the purpose of calculating the amount of Bank Guarantee shall be the latest Sales Gas Price available. 11.4. Upon expiry of the Agreement and ascertainment of no dues, Bank Guarantee shall be returned to the Buyer within 7 days after receipt of C Form (if applicable) against the invoices raised during the Term of the Agreement. 11.5. The Seller shall have the right to invoke, in part or in full, the respective Bank Guarantee on account of a failure of the Buyer in meeting its payment obligations under this Agreement.

Payment Security. 11.1. The Buyer shall provide to the Seller as security for its payment obligations hereunder an irrevocable, unconditional, on demand Bank Guarantee from a bank included in the list provided in Annexure – 86, in favour of the Seller, for an amount specified in Clause 11.2 below, in a form provided at Annexure 65. Original Bank Guarantee along with the copy of SFMS confirmation to be submitted on or before 12th February 27th December 2024 and shall be valid up to 31st March 20252026. 11.2. The amount of the Bank Guarantee to be provided and maintained under Clause 11.1 above shall be for thirty thirty-one (31) Days equivalent Gas supplies to Buyer and shall be determined as follows: 11.3. : Bank Guarantee amount (in United States Dollar) = 110% * [(Awarded Sales Gas Volume Quantity (in scm) * 10,000 kcal/scm/ 252,000) MMBTU] * [Sales Gas Price (plus applicable VAT rate)] * [31 days]. The INR/USD exchange rate to be used for purpose of calculating the Bank Guarantee amount in INR for Seller shall be the rate published by Financial Benchmarks India Private Limited on the first day of the month in which the Bank Guarantee is issued. The Sales Gas Price to be considered for the purpose of calculating the amount of this Bank Guarantee shall be the latest simple average of Sales Gas Price availableavailable for last three (3) Months on the date of issuing of the Bank Guarantee. 11.411.3. Upon expiry of the Agreement and ascertainment of no dues, Bank Guarantee shall be returned to the Buyer within 7 days after receipt of C Form (if applicable) against the invoices raised during the Term of the Agreement. 11.511.4. The Seller shall have the right to invoke, in part or in full, the respective Bank Guarantee on account of a failure of the Buyer in meeting its payment obligations under this Agreement.

Payment Security. 11.1. The Buyer shall provide to each of the Seller Sellers (as per the percentage interest share as provided by Vedanta) as security for its payment obligations hereunder an irrevocable, unconditional, on demand Bank Guarantee bank guarantee from a bank included in the list provided in Annexure – 8- 7, in favour of the SellerSellers, for an amount specified in Clause 11.2 below, in a form provided at Annexure - 6, to be in place prior to the Start Date. Original Bank Guarantee along with the copy in favour of SFMS confirmation to be submitted on or before 12th February 2024 Vedanta, ONGC and IPL shall be valid up to 31st March 2025in INR. 11.2. The amount of the Bank Guarantee guarantee to be provided and maintained under Clause 11.1 above shall be for thirty (3130) Days equivalent Gas supplies to Buyer and shall be determined as follows: 11.3. : Bank Guarantee guarantee amount (in United States Dollar) = [(Awarded Sales Gas Volume (in scm) * 10,000 9850 kcal/scm/ 252,000) MMBTU] * [Sales Gas Price (plus all applicable VAT ratetaxes and duties)] * [31 30 days]. The INR/USD exchange rate to be used for purpose of calculating the Bank Guarantee amount in INR for Seller shall be the rate published by Financial Benchmarks India Private Limited on the first day of the month in which the Bank Guarantee bank guarantee is issued. The Sales Gas Price to be considered for the purpose of calculating the amount of Bank Guarantee shall be the latest average Sales Gas Price availablecalculated for available last three (3) Months’ period. 11.3. Bank Guarantee in original along with the SFMS confirmation shall be submitted prior to the Start Date and shall be valid up to a period of two (2) months from End Date. 11.4. Upon expiry of the Agreement and ascertainment of no dues, Bank Guarantee shall be returned to the Buyer within 7 days after receipt of C Form (if applicable) against the invoices raised during the Term of the Agreement. 11.5. The Seller Sellers shall have the right to invoke, in part or in full, the respective Bank Guarantee on account of a failure of the Buyer in meeting its payment obligations under this Agreement.

Payment Security. 11.1. 11.1 The Buyer shall provide to the Seller Sellers as security for its payment obligations hereunder an irrevocable, unconditional, on demand Bank Guarantee payment security bank guarantee from a reputed bank included in of good standing, acceptable to the list provided in Annexure – 8Seller, in favour of the Seller, for an amount specified in Clause 11.2 below, in a form provided at Annexure 67, to be in place from the Start Date. Original Bank Guarantee along with the copy in favour of SFMS confirmation to be submitted on or before 12th February 2024 and KIRI shall be valid up to 31st March 2025in INR. 11.2. 11.2 The amount of the Bank Guarantee guarantee to be provided and maintained under Clause 11.1 above shall be for thirty (3130) Days equivalent Gas supplies to Buyer and shall be determined as follows: 11.3. : Payment Security Bank Guarantee guarantee amount (in United States Dollar) = [(Awarded Sales Gas Volume (in scm) XXX scm * 10,000 9,431.03 kcal/scm/ 252,000) scm XXXX MMBTU] * [Sales Gas Price (plus all applicable VAT ratetaxes and duties on sales)] * [31 days30 Days]. The INR/USD exchange rate to be used for purpose of calculating the Bank Guarantee amount in INR for Seller Sellers shall be the rate published by Financial Benchmarks India Private Limited on the first day Day prior to issuance of the month in which the Bank Guarantee is issuedGuarantees. The Sales Gas Price to be considered for the purpose of calculating the amount of Bank Guarantee shall be the latest average Sales Gas Price availablecalculated for preceding three (3) Month’s period. 11.4. Upon expiry of the Agreement and ascertainment of no dues, 11.3 Payment Security Bank Guarantee shall be returned submitted no later than thirty (30) days prior to the Buyer within 7 days after receipt Start Date and shall be valid initially for a period of C Form one (if applicable1) against Years from the invoices raised during the Term Start Date. Three (3) months before end of validity of the Agreement. 11.5. The Seller previous Bank Guarantee, it shall have the right to invoke, in part or in full, the respective Bank Guarantee on account be renewed for further duration of a failure of the Buyer in meeting its payment obligations under this Agreement.one (1) Years as per Clause

Payment Security. 11.1. The Buyer shall provide to each of the Seller Sellers (value split based on Participating Interest) as security for its payment obligations hereunder an irrevocable, unconditional, on demand Bank Guarantee from a bank included in the list provided in Annexure – 86, in favour of the SellerSellers, for an amount specified in Clause 11.2 below, in a form provided at Annexure 65. Original Bank Guarantee along with the copy of SFMS confirmation to be submitted on or before 12th February 18th March 2024 and shall be valid up to 31st March 30th June 2025. Bank Guarantee in favour of Vedanta, ONGC and IPL shall be in INR. 11.2. The amount of the Bank Guarantee to be provided and maintained under Clause 11.1 above shall be for thirty thirty-one (31) Days equivalent Gas supplies to Buyer and shall be determined as follows: 11.3. Bank Guarantee amount (in United States Dollar) = 110% * [(Awarded Sales Gas Volume Quantity (in scm) * 10,000 9,700 kcal/scm/ 252,000) MMBTU] * [Sales Gas Price (plus applicable VAT rate)] * [31 days]. The INR/USD exchange rate to be used for purpose of calculating the Bank Guarantee amount in INR for Seller shall be the rate published by Financial Benchmarks India Private Limited on the first day of the month in which the Bank Guarantee is issued. The Sales Gas Price to be considered for the purpose of calculating the amount of this Bank Guarantee shall be the latest simple average of Sales Gas Price availablefor preceding three (3) Months period from the Month in which the Bank Guarantee is issued. 11.4. Upon expiry of the Agreement and ascertainment of no dues, Bank Guarantee shall be returned to the Buyer within 7 days after receipt of C Form (if applicable) against the invoices raised during the Term of the Agreement. 11.5. The Seller Sellers shall have the right to invoke, in part or in full, the respective Bank Guarantee on account of a failure of the Buyer in meeting its payment obligations under this Agreement.

Payment Security. 11.1. The Buyer shall provide to each of the Seller Sellers (value split based on Participating Interest) as security for its payment obligations hereunder an irrevocable, unconditional, on demand Bank Guarantee from a bank included in the list provided in Annexure – 86, in favour of the SellerSellers, for an amount specified in Clause 11.2 below, in a form provided at Annexure 65. Original Bank Guarantee along with the copy of SFMS confirmation to be submitted on or before 12th February 18th March 2024 and shall be valid up to 31st March 30th June 2025. Bank Guarantee in favour of Vedanta and ONGC shall be in INR and for CEHL shall be in USD. In case if Buyer is unable to provide BG to CEHL in USD, they may provide the BG in INR, payable in USD by BG issuing bank directly to overseas account on invocation. 11.2. The amount of the Bank Guarantee to be provided and maintained under Clause 11.1 above shall be for thirty thirty-one (31) Days equivalent Gas supplies to Buyer and shall be determined as follows: 11.3. Bank Guarantee amount (in United States Dollar) = 110% * [(Awarded Sales Gas Volume Quantity (in scm) * 10,000 10,575 kcal/scm/ 252,000) MMBTU] * [Sales Gas Price (plus applicable VAT rate)] * [31 days]. The INR/USD exchange rate to be used for purpose of calculating the Bank Guarantee amount in INR for Seller shall be the rate published by Financial Benchmarks India Private Limited on the first day of the month in which the Bank Guarantee is issued. The Sales Gas Price to be considered for the purpose of calculating the amount of this Bank Guarantee shall be the latest simple average of Sales Gas Price availablefor preceding three (3) Months period from the Month in which the Bank Guarantee is issued. 11.4. Upon expiry of the Agreement and ascertainment of no dues, Bank Guarantee shall be returned to the Buyer within 7 days after receipt of C Form (if applicable) against the invoices raised during the Term of the Agreement. 11.5. The Seller Sellers shall have the right to invoke, in part or in full, the respective Bank Guarantee on account of a failure of the Buyer in meeting its payment obligations under this Agreement.

Payment Security. 11.1. The Buyer shall provide to the Seller as security for its payment obligations hereunder an irrevocable, unconditional, on demand Bank Guarantee from a bank included in the list provided in Annexure – 8- 6, in favour of the Seller, for an amount specified in Clause 11.2 below, in a form provided at Annexure 6– 5. Original Bank Guarantee along with the copy of SFMS confirmation to be submitted on or before 12th February 2024 Start Date and shall be valid up to 31st March 202530th June 2027. 11.2. The amount of the Bank Guarantee to be provided and maintained under Clause 11.1 above shall be for thirty forty five (3145) Days equivalent Gas supplies to Buyer and shall be determined as follows: 11.3. Bank Guarantee amount (in United States Dollar) = 110% * [(Awarded Sales Gas Volume Quantity (in scm) * 10,000 9,300 kcal/scm/ 252,000) MMBTU] * [Sales Gas Price (plus applicable VAT rate)] * [31 45 days]. The INR/USD exchange rate to be used for purpose of calculating the Bank Guarantee amount in INR for Seller shall be the rate published by Financial Benchmarks India Private Limited on the first day of the month in which the Bank Guarantee is issued. The Sales Gas Price to be considered for the purpose of calculating the amount of this Bank Guarantee shall be the latest simple average of Sales Gas Price availablefor preceding three (3) Months period from the Month in which the Bank Guarantee is issued. 11.4. Upon expiry of the Agreement and ascertainment of no dues, Bank Guarantee shall be returned to the Buyer within 7 days after receipt of C Form (if applicable) against the invoices raised during the Term of the Agreement. 11.5. The Seller shall have the right to invoke, in part or in full, the respective Bank Guarantee on account of a failure of the Buyer in meeting its payment obligations under this Agreement.

Payment Security. 11.1. The Buyer shall provide to each of the Seller Sellers (value split based on Participating Interest) as security for its payment obligations hereunder an irrevocable, unconditional, on demand Bank Guarantee from a bank included in the list provided in Annexure – 86, in favour of the SellerSellers, for an amount specified in Clause 11.2 below, in a form provided at Annexure 65. Original Bank Guarantee along with the copy of SFMS confirmation to be submitted on or before 12th February 2024 27th March 2025 and shall be valid up to 31st March 2025till three (3) months from the End Date. Bank Guarantee in favour of Vedanta, ONGC and IPL shall be in INR. 11.2. The amount of the Bank Guarantee to be provided and maintained under Clause 11.1 above shall be for thirty thirty-one (31) Days equivalent Gas supplies to Buyer and shall be determined as follows: 11.3. : Bank Guarantee amount (in United States Dollar) = 110% * [(Awarded Sales Gas Volume (in scm) Quantity * 10,000 kcal/scm/ 252,000) MMBTU] * [Sales Gas Price (plus applicable VAT rate)] * [31 days]. The INR/USD exchange rate to be used for purpose of calculating the Bank Guarantee amount in INR for Seller shall be the rate published by Financial Benchmarks India Private Limited on the first day of the month in which the Bank Guarantee is issued. The Sales Gas Price to be considered for the purpose of calculating the amount of this Bank Guarantee shall be the latest simple average of Sales Gas Price availableavailable for last three (3) Months on the date of issuing of the Bank Guarantee. 11.411.3. Upon expiry of the Agreement and ascertainment of no dues, Bank Guarantee shall be returned to the Buyer within 7 days after receipt of C Form (if applicable) against the invoices raised during the Term of the Agreement. 11.511.4. The Seller Sellers shall have the right to invoke, in part or in full, the respective Bank Guarantee on account of a failure of the Buyer in meeting its payment obligations under this Agreement.

Payment Security. 11.1. The Buyer shall provide to the Seller as security for its payment obligations hereunder an irrevocable, unconditional, on demand Bank Guarantee from a bank included in the list provided in Annexure – 8- 6, in favour of the Seller, for an amount specified in Clause 11.2 below, in a form provided at Annexure 6– 5. Original Bank Guarantee along with the copy of SFMS confirmation to be submitted on or before 12th February 2024 Start Date and shall be valid up to 31st March 202530th June 2027. 11.2. The amount of the Bank Guarantee to be provided and maintained under Clause 11.1 above shall be for thirty forty five (3145) Days equivalent Gas supplies to Buyer and shall be determined as follows: 11.3. : Bank Guarantee amount (in United States Dollar) = 110% * [(Awarded Sales Gas Volume Quantity (in scm) * 10,000 9,300 kcal/scm/ 252,000) MMBTU] * [Sales Gas Price (plus applicable VAT rate)] * [31 45 days]. The INR/USD exchange rate to be used for purpose of calculating the Bank Guarantee amount in INR for Seller shall be the rate published by Financial Benchmarks India Private Limited on the first day of the month in which the Bank Guarantee is issued. The Sales Gas Price to be considered for the purpose of calculating the amount of this Bank Guarantee shall be the latest simple average of Sales Gas Price availablefor preceding three (3) Months period from the Month in which the Bank Guarantee is issued. 11.411.3. Upon expiry of the Agreement and ascertainment of no dues, Bank Guarantee shall be returned to the Buyer within 7 days after receipt of C Form (if applicable) against the invoices raised during the Term of the Agreement. 11.511.4. The Seller shall have the right to invoke, in part or in full, the respective Bank Guarantee on account of a failure of the Buyer in meeting its payment obligations under this Agreement.

Payment Security. 11.1. The Buyer shall provide to each of the Seller Sellers (value split based on Participating Interest) as security for its payment obligations hereunder an irrevocable, unconditional, on demand Bank Guarantee from a bank included in the list provided in Annexure – 8, in favour of the SellerSellers, for an amount specified in Clause 11.2 below, in a form provided at Annexure 6. Original Bank Guarantee along with the copy of SFMS confirmation to be submitted on or before 12th February 2024 27th December 2023 and shall be valid up 30th April 2024. Bank Guarantee in favour of Vedanta and ONGC shall be in INR and for CEHL shall be in USD. In case if Buyer is unable to 31st March 2025provide BG to CEHL in USD, they may provide the BG in INR, payable in USD by BG issuing bank directly to overseas account on invocation. 11.2. The amount of the Bank Guarantee to be provided and maintained under Clause 11.1 above shall be for thirty (3130) Days equivalent Gas supplies to Buyer and shall be determined as follows: 11.3. Bank Guarantee amount (in United States Dollar) = [(Awarded Sales Gas Volume (in scm) * 10,000 10,575 kcal/scm/ 252,000) MMBTU] * [Sales Gas Price (plus all applicable VAT ratetaxes and duties)] * [31 30 days]. The INR/USD exchange rate to be used for purpose of calculating the Bank Guarantee amount in INR for Seller shall be the rate published by Financial Benchmarks India Private Limited on the first day of the month in which the Bank Guarantee is issued. The Sales Gas Price to be considered for the purpose of calculating the amount of Bank Guarantee shall be the latest Sales Gas Price available. 11.4. Upon expiry of the Agreement and ascertainment of no dues, Bank Guarantee shall be returned to the Buyer within 7 days after receipt of C Form (if applicable) against the invoices raised during the Term of the Agreement. 11.5. The Seller Sellers shall have the right to invoke, in part or in full, the respective Bank Guarantee on account of a failure of the Buyer in meeting its payment obligations under this Agreement.

Payment Security. 11.1. The Buyer shall provide to each of the Seller Sellers (value split based on Participating Interest) as security for its payment obligations hereunder an irrevocable, unconditional, on demand Bank Guarantee from a bank included in the list provided in Annexure – 86, in favour of the SellerSellers, for an amount specified in Clause 11.2 below, in a form provided at Annexure 65. Original Bank Guarantee along with the copy of SFMS confirmation to be submitted on or before 12th February 2024 28th March 2025 and shall be valid up to 31st March 2025till three (3) months from the End Date. Bank Guarantee in favour of Vedanta, ONGC and IPL shall be in INR. 11.2. The amount of the Bank Guarantee to be provided and maintained under Clause 11.1 above shall be for thirty forty-five (3145) Days equivalent Gas supplies to Buyer and shall be determined as follows: 11.3. : Bank Guarantee amount (in United States Dollar) = 110% * [(Awarded Sales Gas Volume (in scm) Quantity * 10,000 kcal/scm/ 252,000) MMBTU] * [Sales Gas Price (plus applicable VAT rate)] * [31 45 days]. The INR/USD exchange rate to be used for purpose of calculating the Bank Guarantee amount in INR for Seller shall be the rate published by Financial Benchmarks India Private Limited on the first day of the month in which the Bank Guarantee is issued. The Sales Gas Price to be considered for the purpose of calculating the amount of this Bank Guarantee shall be the latest simple average of Sales Gas Price availableavailable for last three (3) Months on the date of issuing of the Bank Guarantee. 11.411.3. Upon expiry of the Agreement and ascertainment of no dues, Bank Guarantee shall be returned to the Buyer within 7 days after receipt of C Form (if applicable) against the invoices raised during the Term of the Agreement. 11.511.4. The Seller Sellers shall have the right to invoke, in part or in full, the respective Bank Guarantee on account of a failure of the Buyer in meeting its payment obligations under this Agreement.