CONSORTIUM/JOINT VENTURE AGREEMENT THIS Consortium/Joint Venture agreement executed on this ----------------- day of ------------2013 et!een M/s.

VAMANA ENERGY Pvt Ltd, a Com"any incor"orated under the Indian Com"anies #ct 1$%& ha'ing its registered office at Plot No.61, Villa. , !"da !#i$%ts, Road No.1&, 'a()a*a !ills, !+d#*a,ad-./// 0, IN1IA ( herein after ca))ed the * +ead Com"any * !hich ex"ression sha)) inc)ude its successors , executors and "ermitted assigns-, AN1 ./s/////////////////0 a com"any incor"orated under the )a!s of -----------------------------------------------------------and ha'ing its registered office at -------------------------------(here in after ca))ed the 2M#3,#*4 !hich ex"ression sha)) inc)ude its successors, executors and "ermitted assignsfor the "ur"ose of *ma1ing a id and entering into a contract2 ( in case of a!ard- against the 3o'ernment Tenders for su"")y, insta))ation and commissioning of So)ar 4V re)ated "ro5ects and to se)) the systems to ---------------- ha'ing its registered office at ------------------ (hereinafter ca))ed the 2'UYER2-0 The +ead Com"any of the consortium/ 5oint 'enture sha)) a ide y the genera) terms and conditions s"ecified y the 6uyer0 7H898#S the 6:;89 in'ited ids 'ide Tender <o0 ------------------- for the 4rocurement of ========== from its registered 'endors for su"")y of --------- ----------- --------- at the rate to e fina)i>ed through com"etiti'e idding sti"u)ated in the idding documents0 #<? 7H898#S C)ause === (6id @ua)ification 9eAuirement-, forming "art of the idding documents, sti"u)ates that a consortium / 5oint 'enture of firms meeting 6@9 reAuirement, a"")ica )e may id, "ro'ided the consortium/ Joint Venture fu)fi))s a)) other reAuirements of S"ecification and in such a case, the 6I? shall be signed by the Lead Member so as to legally bind the Lead Member alone and also make it liable to perform the Contract and all obligations hereunder. #<? 7H898#S the id has een su mitted to the 6:;89 'ide Tender <o0--------------------dated---------------------------- y +ead Com"any ased on the Constituent agreement et!een a)) the 5oint 'enture "artners under these "resents and the id in accordance !ith the reAuirements of S"ecification0 (@ua)ification 9eAuirements-

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4age-2 AND WHE EA!" M/s. VAMANA ENERGY Pvt Ltd #Lead Member$ is e%uipped &ith ade%uate e'perience and technical kno&ledge in pro(iding !olar E)C or )* Modules and technical back up for designing and supplying of +rid , off +rid !olar )o&er )lants and ----------------------#the Member$ has a rich e'perience and technical infrastructure in construction and erection of !olar )o&er )lants ha(ing a Capacity of more than ---- Mega &atts and thereby both the parties decided to form into a .oint (enture for their mutual benefit and impro(ing their businesses. <D7 THIS I<?8<T:98 7IT<8SS8TH #S :<?89E In consideration of the a o'e "remises and agreements, a)) the 4artners to this 5oint 'enture do here y no! agree as fo))o!sE 10 In consideration of the a!ard of the Contract y the 6:;89 to the 5oint 'enture mem ers, !e, the mem ers to the consortium/ 5oint 'enture agreement do here y agree that M/s. *AMANA ENE +0 )(t Ltd shall act as Lead Member #Company $and further declare and confirm that M/s. *AMANA ENE +0 )(t Ltd shall only be bound unto the 1uyer for the successfu) "erformance of the FContractG a!arded y the 6uyer to the Consortium/Joint 'enture "arties and sha)) e fu))y res"onsi )e for execution of the Contract as "er the terms and conditions )aid do!n in "urchase order / Contract #greement0 20 In case of any reach of the sti"u)ations of the Contract a!arded y the 6uyer to the "arties under this consortium/Joint 'enture agreement, the Lead Member do hereby agree to be fully responsible to carry out all the obligations and responsibilities under the Contract on behalf of all the Members. 30 If the 6uyer suffers any )oss or damage on account of any reach in the sti"u)ation of the Contract #greements to e entered into y the Consortium .em ers or in meeting the "erformances guaranteed as "er the Contract #greements, the Consortium .em ers here y 5oint)y and se'era))y underta1e to "rom"t)y ma1e good such )oss or damages caused to the 6uyer on its demand !ithout any demur or contest . 2t shall be necessary or obligatory for the 1uyer to proceed against the Lead Member alone under this consortium/3oint (enture agreement. H0 The financia) )ia i)ity of the Consortium .em ers to the 6uyer !ith res"ect to any of the c)aims arising out of the "erformance or non-"erformance of o )igations under the Contract and the resu)ting #greement(s4 shall only be limited so as to restrict or limit the liability of Lead Member alone and the other Members under this consortium/.oint (enture agreement shall not be either .ointly or se(erally liable to the 1uyer. BContinued to "age-3C

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%0 It is ex"ress)y agreed y a)) the "arties under this consortium/5oint 'enture agreement that the sharing of responsibilities and obligations inter se amongst the parties/Members shall not in any &ay be a limitation to the responsibility and liability of the Lead Member to the 1uyer &0 It is c)ear)y consortium/ "erform its deemed to understood that the +ead .em er sha)) ensure "erformance under this 5oint 'enture agreements and if one or more Consortium .em ers fai) to /their res"ecti'e o )igations under the agreement(s-, the same sha)) e e a defau)t y a)) the Consortium .em ers0

I0 This consortium/ 5oint 'enture agreement sha)) e construed and inter"reted in accordance !ith the )a!s of India and the courts of Hydera ad sha)) ha'e the exc)usi'e 5urisdiction in a)) matters arising there under0 J0 In case of an a!ard of a Contract, !e the consortium/ 5oint 'enture mem ers do here y agree that !e sha)) e 5oint)y and se'era))y res"onsi )e for the sco"e of the tender res"ecti'e)y executed and the +ead Com"any sha)) furnish a 6an1 3uarantee to!ards the Security ?e"osit / 4erformance 3uarantee in fa'or of the 6:;89 as "er the terms of the Contract0 $0 It is further agreed that the consortium/ 5oint 'enture agreement sha)) e irre'oca )e and sha)) form an integra) "art of the Contract, and sha)) continue to e enforcea )e ti)) oth the +ead Com"any and the .em er !i)) e discharged y the 6uyer after the successfu) "erformance of the said contract underta1en under this agreement0 100 This consortium/ 5oint 'enture agreement sha)) e effecti'e from the date first mentioned a o'e for a)) "ur"oses and intents0 110 #ny amendments to this consortium/ 5oint 'enture agreement sha)) e done !ith the consent of oth the "arties to this agreement and in !riting and other!ise nothing sha)) e inding on the 4arties hereto0

120 This consortium/ 5oint 'enture #greement sha)) remain in fu)) force and effect unti) it is terminated y !ritten agreement of oth the 4arties or unti) the contract under this agreement has een com")eted0

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130 It is further agreed et!een oth the 4arties hereto that in the e'ent of there eing any dis"ute !ith regards to this consortium/ 5oint 'enture #greement or any of the terms hereof or the inter"retation of any of the terms of this consortium/ 5oint 'enture #greement or any dis"ute arising under the said #greement, the same sha)) e referred to the #r itration of t!o #r itrators a""ointed y each of the 4arties hereto and the #r itration "roceedings sha)) e as "er the "ro'isions of the #r itration and Conci)iation #ct, 1$$& and the 'enue of such #r itration "roceedings sha)) e he)d and conducted in Hydera ad a)oneK 1H0 If any "ro'ision of this consortium/ 5oint 'enture #greement sha)), under any circumstance, e deemed in'a)id/ino"erati'e to an extent, such in'a)idity sha)) not in'a)idate the !ho)e #greement, ut the said in'a)id or ino"erati'e "ro'ision sha)) e construed as not to e contained in this #greementK I< 7IT<8SS 7H898DL the 4artners to the consortium/5oint 'enture agreement ha'e through their authorised re"resentati'es executed these "resents and affixed Common Sea)s of their com"anies, on the day, month and year first mentioned a o'e0 5o* L#ad M#3,#*, M/s. VAMANA ENERGY PVT LT1

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7M#3,#*89

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