Common use of Payment Security Clause in Contracts

Payment Security. 11.1 The Buyer shall provide to each of the Sellers (as per the percentage interest share as provided by Vedanta) as security for its payment obligations hereunder an irrevocable, unconditional, on payment security bank guarantee from a reputed bank of good standing, acceptable to the Sellers, in favour of the Sellers, for an amount specified in Clause 11.2 below, in a form provided at Annexure 7, to be in place from the Start Date. 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 guarantee to be provided and maintained under Clause 11.1 above shall be thirty (30) Days equivalent Gas supplies to Buyer and shall be determined as follows: Payment Security Bank guarantee amount (in United States Dollar) = [8,000 scm * 10,350 kcal/scm / 252,000 MMBTU] * [Sales Gas Price (plus all applicable taxes and duties on sales)] * [30 Days]. The exchange rate to be used for purpose of calculating the Bank Guarantee amount in INR for Sellers shall be the rate published by Financial Benchmarks India Private Limited on the Day prior to issuance of the Bank Guarantees. The Sales Gas Price to be considered for the purpose of calculating the amount of Bank Guarantee shall be the average Sales Gas Price calculated for preceding three (3) Month’s period. 11.3 Payment Security Bank Guarantee shall be submitted no later than thirty (30) days prior to the Start Date and shall be valid initially for a period of one (1) Years from the Start Date. No later than one (1) month before end of validity of the previous Bank Guarantee, it shall be renewed for further duration of one (1) Years as per Clause 11.2 and necessary adjustment in value shall be done by the Buyer. This renewal of BG shall be continued for the entire term of this Agreement so as to ensure uninterrupted coverage to the Sellers for thirty (30) days equivalent Gas supply. 11.4 The Sellers shall have the right to invoke, in part or in full, the respective Bank Guaranty 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 Sellers (as per the percentage interest share as provided by Vedanta) as security for its payment obligations hereunder an irrevocable, unconditional, on payment security bank guarantee from a reputed bank of good standing, acceptable to the SellersSeller, in favour of the SellersSeller, for an amount specified in Clause 11.2 below, in a form provided at Annexure 7, to be in place from the Start Date. Bank Guarantee in favour of Vedanta and ONGC KIRI 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 guarantee to be provided and maintained under Clause 11.1 above shall be thirty (30) Days equivalent Gas supplies to Buyer and shall be determined as follows: Payment Security Bank guarantee amount (in United States Dollar) = [8,000 XXX scm * 10,350 9,431.03 kcal/scm / 252,000 XXXX MMBTU] * [Sales Gas Price (plus all applicable taxes and duties on sales)] * [30 Days]. The exchange rate to be used for purpose of calculating the Bank Guarantee amount in INR for Sellers shall be the rate published by Financial Benchmarks India Private Limited on the Day prior to issuance of the Bank Guarantees. The Sales Gas Price to be considered for the purpose of calculating the amount of Bank Guarantee shall be the average Sales Gas Price calculated for preceding three (3) Month’s period. 11.3 Payment Security Bank Guarantee shall be submitted no later than thirty (30) days prior to the Start Date and shall be valid initially for a period of one (1) Years from the Start Date. No later than one Three (13) month months before end of validity of the previous Bank Guarantee, it shall be renewed for further duration of one (1) Years as per Clause 11.2 and necessary adjustment in value shall be done by the Buyer. This renewal of BG shall be continued for the entire term of this Agreement so as to ensure uninterrupted coverage to the Sellers for thirty (30) days equivalent Gas supply. 11.4 The Sellers shall have the right to invoke, in part or in full, the respective Bank Guaranty on account of a failure of the Buyer in meeting its payment obligations under this Agreement.Clause

Payment Security. 11.1 11.1. The Buyer shall provide to each of the Sellers (as per the percentage interest share as provided by Vedanta) as security for its payment obligations hereunder an irrevocable, unconditional, on payment security demand bank guarantee from a reputed bank of good standing, acceptable to included in the Sellerslist provided in Annexure - 8, in favour of the Sellers, for an amount specified in Clause 11.2 below, in a form provided at Annexure 76, to be in place from prior to the Start Date. 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 11.2. The amount of the guarantee to be provided and maintained under Clause 11.1 above shall be thirty (30) Days equivalent Gas supplies to Buyer and shall be determined as follows: Payment Security : 11.3. Bank guarantee amount (in United States Dollar) = [8,000 scm (Awarded Sales Gas Volume (in scm) * 10,350 10,550 kcal/scm / 252,000 scm/ 252,000) MMBTU] * [Sales Gas Price (plus all applicable taxes and duties on salesduties)] * [30 Daysdays]. The INR/USD exchange rate to be used for purpose of calculating the Bank Guarantee amount in INR for Sellers Seller shall be the rate published by Financial Benchmarks India Private Limited on the Day prior to issuance first day of the Bank Guaranteesmonth 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 average Sales Gas Price calculated for preceding available last three (3) Month’s Months’ period. 11.3 Payment Security 11.4. Bank Guarantee shall be submitted no later than thirty (30) days prior to the Start Date and shall be valid initially for up to a period of one one (1) Years Month from the Start End Date. No later than one (1) month before end of validity of the previous Bank Guarantee, it shall be renewed for further duration of one (1) Years as per Clause 11.2 and necessary adjustment in value shall be done by the Buyer. This renewal of BG shall be continued for the entire term of this Agreement so as to ensure uninterrupted coverage to the Sellers for thirty (30) days equivalent Gas supply. 11.4 11.5. The Sellers shall have the right to invoke, in part or in full, the respective Bank Guaranty 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 Sellers (as per the percentage interest share as provided by Vedanta) as security for its payment obligations hereunder an irrevocable, unconditional, on payment security bank guarantee from a reputed bank of good standing, acceptable to the SellersSeller, in favour of the SellersSeller, for an amount specified in Clause 11.2 below, in a form provided at Annexure 7, to be in place from the Start Date. Bank Guarantee in favour of Vedanta and ONGC KIRI 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 guarantee to be provided and maintained under Clause 11.1 above shall be thirty (30) Days equivalent Gas supplies to Buyer and shall be determined as follows: Payment Security Bank guarantee amount (in United States Dollar) = [8,000 ……… scm * 10,350 kcal/scm / 252,000 MMBTU] * [Sales Gas Price (plus all applicable taxes and duties on sales)] * [30 Days]. The exchange rate to be used for purpose of calculating the Bank Guarantee amount in INR for Sellers shall be the rate published by Financial Benchmarks India Private Limited on the Day prior to issuance of the Bank Guarantees. The Sales Gas Price to be considered for the purpose of calculating the amount of Bank Guarantee shall be the average Sales Gas Price calculated for preceding three (3) Month’s period. 11.3 Payment Security Bank Guarantee shall be submitted no later than thirty (30) days prior to the Start Date and shall be valid initially for a period of one (1) Years from the Start Date. No later than one Three (13) month months before end of validity of the previous Bank Guarantee, it shall be renewed for further duration of one (1) Years as per Clause 11.2 and necessary adjustment in value shall be done by the Buyer. This renewal of BG shall be continued for the entire term of this Agreement so as to ensure uninterrupted coverage to the Sellers for thirty (30) days equivalent Gas supply. 11.4 The Sellers shall have the right to invoke, in part or in full, the respective Bank Guaranty on account of a failure of the Buyer in meeting its payment obligations under this Agreement.Clause

Payment Security. 11.1 The Buyer shall provide to each of the Sellers (as per the percentage interest share as provided by VedantaXxxxxxx) as security for its payment obligations hereunder an irrevocable, unconditional, on payment security bank guarantee from a reputed bank of good standing, acceptable to the Sellers, in favour of the Sellers, for an amount specified in Clause 11.2 below, in a form provided at Annexure 7, to be in place from the Start Date. 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 guarantee to be provided and maintained under Clause 11.1 above shall be thirty (30) Days equivalent Gas supplies to Buyer and shall be determined as follows: Payment Security Bank guarantee amount (in United States Dollar) = [8,000 scm * 10,350 kcal/scm / 252,000 MMBTU] * [Sales Gas Price (plus all applicable taxes and duties on sales)] * [30 Days]. The exchange rate to be used for purpose of calculating the Bank Guarantee amount in INR for Sellers shall be the rate published by Financial Benchmarks India Private Limited on the Day prior to issuance of the Bank Guarantees. The Sales Gas Price to be considered for the purpose of calculating the amount of Bank Guarantee shall be the average Sales Gas Price calculated for preceding three (3) Month’s period. 11.3 Payment Security Bank Guarantee shall be submitted no later than thirty (30) days prior to the Start Date and shall be valid initially for a period of one (1) Years from the Start Date. No later than one (1) month before end of validity of the previous Bank Guarantee, it shall be renewed for further duration of one (1) Years as per Clause 11.2 and necessary adjustment in value shall be done by the Buyer. This renewal of BG shall be continued for the entire term of this Agreement so as to ensure uninterrupted coverage to the Sellers for thirty (30) days equivalent Gas supply. 11.4 The Sellers shall have the right to invoke, in part or in full, the respective Bank Guaranty 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 Sellers (as per the percentage interest share as provided by Vedanta) Seller as security for its payment obligations hereunder an irrevocable, unconditional, on payment security demand bank guarantee from a reputed bank of good standing, acceptable to the SellersSeller, in favour of the SellersSeller, for an amount specified in Clause 11.2 below, in a form provided at Annexure 7, to be in place from ten (10) days prior to the Start Date. 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 guarantee to be provided and maintained under Clause 11.1 above shall be thirty (30) Days equivalent Gas supplies to Buyer and shall be determined as follows: Payment Security Bank guarantee amount (in United States Dollar) = [8,000 scm (Awarded Sales Gas Volume (in scm) * 10,350 Last available GHV (in kcal/scm / 252,000 scm)/ 252,000) MMBTU] * [Sales Gas Price (plus all applicable taxes and duties on salesduties)] * [30 Days]. For Decline Period, Awarded Sales Gas Volume shall be replaced by revised DCQ for the relevant Year. The exchange rate to be used for purpose of calculating the Bank Guarantee amount in INR for Sellers Seller shall be the rate published by Financial Benchmarks India Private Limited on the Day prior to issuance of the Bank Guarantees. The Sales Gas Price to be considered for the purpose of calculating the amount of Bank Guarantee shall be the average Sales Gas Price calculated for preceding three (3) Month’s period. 11.3 Payment Security Bank Guarantee shall be submitted no later than thirty at the time of execution of this Agreement or ten (3010) days prior to the Start Date whichever is later and shall be valid initially for a period of one (1) Years Year from the Start Date. No later than one Fifteen (115) month days before end of validity of the previous Bank Guarantee, it shall be renewed for further duration of one (1) Years as per Clause 11.2 and necessary adjustment in value shall be done by the Buyer. This renewal of BG shall be continued for the entire term of this Agreement so as to ensure uninterrupted coverage to the Sellers Seller for thirty (30) days equivalent Gas supply. 11.4 The Sellers Seller shall have the right to invoke, in part or in full, the respective Bank Guaranty 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 each of the Sellers (as per the percentage interest share as provided by Vedanta) as security for its payment obligations hereunder an irrevocable, unconditional, on payment security demand bank guarantee from a reputed bank of good standing, acceptable to included in the Sellerslist provided in Annexure - 8, in favour of the Sellers, for an amount specified in Clause 11.2 below, in a form provided at Annexure 76, to be in place from the Start Dateon or before 27th September 2023. 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 11.2. The amount of the guarantee to be provided and maintained under Clause 11.1 above shall be thirty (30) Days equivalent Gas supplies to Buyer and shall be determined as follows: Payment Security : 11.3. Bank guarantee amount (in United States Dollar) = [8,000 scm (Awarded Sales Gas Volume (in scm) * 10,350 10,550 kcal/scm / 252,000 scm/ 252,000) MMBTU] * [Sales Gas Price (plus all applicable taxes and duties on salesduties)] * [30 Daysdays]. The INR/USD exchange rate to be used for purpose of calculating the Bank Guarantee amount in INR for Sellers Seller shall be the rate published by Financial Benchmarks India Private Limited on the Day prior to issuance first day of the Bank Guaranteesmonth 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 average latest Sales Gas Price calculated for preceding three (3) Month’s periodavailable. 11.3 Payment Security 11.4. Original Bank Guarantee along with the copy of SFMS confirmation shall be submitted no later than thirty (30) days prior to the Start Date on or before 27th September 2023 and shall be valid initially for up to a period of one (1) Years Month from the Start End Date. No later than one (1) month before end of validity of the previous Bank Guarantee, it shall be renewed for further duration of one (1) Years as per Clause 11.2 and necessary adjustment in value shall be done by the Buyer. This renewal of BG shall be continued for the entire term of this Agreement so as to ensure uninterrupted coverage to the Sellers for thirty (30) days equivalent Gas supply. 11.4 11.5. The Sellers shall have the right to invoke, in part or in full, the respective Bank Guaranty Guarantee on account of a failure of the Buyer in meeting its payment obligations under this Agreement.