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 demand bank guarantee from a bank included in the list provided in Annexure - 8, in favour of the Sellers, 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. 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: 11.3. Bank guarantee amount (in United States Dollar) = [(Awarded Sales Gas Volume (in scm) * 10,550 kcal/scm/ 252,000) MMBTU] * [Sales Gas Price (plus all applicable taxes and duties)] * [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 average Sales Gas Price calculated for available last three (3) Months’ period. 11.4. Bank Guarantee shall be submitted prior to the Start Date and shall be valid up to a period of one (1) Month from End Date. 11.5. The 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 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 demand payment security bank guarantee from a reputed bank included in of good standing, acceptable to the list provided in Annexure - 8Sellers, in favour of the Sellers, for an amount specified in Clause 11.2 below, in a form provided at Annexure 67, to be in place prior to 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. 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: 11.3. : Payment Security Bank guarantee amount (in United States Dollar) = [(Awarded Sales Gas Volume (in scm) 8,000 scm * 10,550 10,350 kcal/scm/ 252,000) scm / 252,000 MMBTU] * [Sales Gas Price (plus all applicable taxes and dutiesduties on sales)] * [30 daysDays]. 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 issuedBank 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 available last preceding three (3) Months’ Month’s period. 11.4. 11.3 Payment Security Bank Guarantee shall be submitted no later than thirty (30) days prior to the Start Date and shall be valid up to initially for a period of one one (1) Month Years from End 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. 11.5. 11.4 The Sellers shall have the right to invoke, in part or in full, the respective Bank Guarantee 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 demand bank guarantee from a bank included in the list provided in Annexure - 8, in favour of the Sellers, for an amount specified in Clause 11.2 below, in a form provided at Annexure 6, to be in place prior to 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. 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: 11.3. Bank guarantee amount (in United States Dollar) = [(Awarded Sales Gas Volume (in scm) * 10,550 kcal/scm/ 252,000) MMBTU] * [Sales Gas Price (plus all applicable taxes and duties)] * [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 average latest Sales Gas Price calculated for available last three (3) Months’ periodavailable. 11.4. Original Bank Guarantee along with the copy of SFMS confirmation shall be submitted prior to the Start Date on or before 27th September 2023 and shall be valid up to a period of one one (1) Month from End Date. 11.5. The 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 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 demand bank guarantee from a reputed bank included in of good standing, acceptable to the list provided in Annexure - 8Sellers, in favour of the Sellers, for an amount specified in Clause 11.2 below, in a form provided at Annexure 67, to be in place 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. 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: 11.3. : Bank guarantee amount (in United States Dollar) = [(Awarded Sales Gas Volume (in scm) * 10,550 9,700 kcal/scm/ 252,000) MMBTU] * [Sales Gas Price (plus all applicable taxes and duties)] * [30 daysDays]. 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 issuedBank 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 available last preceding three (3) Months’ period. 11.4. 11.3 Bank Guarantee shall be submitted at the time of execution of this Agreement or ten (10) days prior to the Start Date whichever is later and shall be valid up to uptil a period of one one (1) Month from End Date. Sellers may request for renewal of the BG during the term of this Agreement so as to ensure uninterrupted coverage to the Sellers for thirty (30) days equivalent Gas supply. 11.5. 11.4 The 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 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 demand bank guarantee from a reputed bank included in of good standing, acceptable to the list provided in Annexure - 8Sellers, in favour of the Sellers, 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. 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 one (3031) 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) * 10,550 9,850 kcal/scm/ 252,000) MMBTU] * [Sales Gas Price (plus all applicable taxes and duties)] * [30 days31 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 issuedBank 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 available last preceding three (3) Months’ period. 11.4. 11.3 Bank Guarantee shall be submitted at the time of execution of this Agreement or prior to the Start Date whichever is later and shall be valid up to uptil a period of one one (1) Month from End Date. Sellers may request for renewal of the BG during the term of this Agreement so as to ensure uninterrupted coverage to the Sellers for thirty one (31) days equivalent Gas supply. 11.5. 11.4 The 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 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 demand bank guarantee from a reputed bank included in of good standing, acceptable to the list provided in Annexure - 8Sellers, in favour of the Sellers, 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. 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 thirty-one (3031) 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) * 10,550 9,850 kcal/scm/ 252,000) MMBTU] * [Sales Gas Price (plus all applicable taxes and duties)] * [30 days31 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 issuedBank 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 available last preceding three (3) Months’ period. 11.4. 11.3 Bank Guarantee shall be submitted at the time of execution of this Agreement or prior to the Start Date whichever is later and shall be valid up to uptil a period of one one (1) Month from End Date. Sellers may request for renewal of the BG during the term of this Agreement so as to ensure uninterrupted coverage to the Sellers for thirty-one (31) days equivalent Gas supply. 11.5. 11.4 The 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.