Dated: 16.03.2018 To, Digital Payments Processing Limited MOM House, Plot No. 61, Ramchandra Lane, Kanchpada, Malad (West), Mumbai — 400 064 From, My Mobile Payments Limited MOM House, Plot No. 61, Ramchandra | pa Malad (West) Mumbai ~ 400 004 Subject: Notice attached to demand notice demanding payment Madanv/Sir, My Mobile Pay amount of INR 12.3.8 Limited, hereby provides notice for repayment of the unpaid 1/- (Rupees Twelve Crores Ninety-Three Lakhs Forty-Eight Thousand Nine Hundred and S venty-One Only) that is in default as reflected in the demand notice attached to this 1 Inthe event you do ot repay the debt due to us within ten days of receipt of this notice, we may file an re the Adjudicating Authority for initiating a corporate insolvency resolution section 9 of the Insolvency and Bankruptcy Code, 2016, Yours sincerely, ‘Authorised representative of My Mobile Payments Limited wer ‘Name: Jolly Mathur Designation: Director Address: MOM House, Plot No. 61, Ramchandra Lane, Kanchpada, Malad (West) Mumbai ~ 400 064 Kaen i e %To, From, Dated: 16.03.2018 Digital Payments Processing Limited MOM House, Plot No. 61, Ramchandra Lane, Kanchpada, Malad (West), Mumbai ~ 400 064 My Mobile Payments Limited MOM House, Piot No. 61, Ramchandra Lane, Kanchpada, Malad (West) Mumbai ~ 400 064 Subject: Demand notice demanding payment of an unpaid operational debt due from Digital Payments Processing Limited (hereinafter to be referred as “Corporate Debtor”) under the Insolvency and Bankruptcy Code, 2016. Madam/Sir, u This letter is a demand notice demanding payment of an unpaid operational debt due from the aforementioned corporate debtor. 2. Please tind particulars of the unpaid operational debt below: PARTICULARS OF OPERATIONAL DEBT . | TOTAL AMOUNT OF DEBT, Rs. 27,50,00,000/- (Rupees Twenty-Seven Crores Fifty Lakhs). DETAILS OF TRANSACTIONS ON ACCOUNT OF WHICH DEBT FELL DUE, The aforementioned amount is . due for the transactions relating to AND THE DATE FROM WHICH SUCH DEBT FELL DUE the sale of various goods under the Business Transfer Agreement dated March 31, 2015 entered into between My Mobile PaymentsLimited and Digital Payments Processing Limited. The aforementioned amount is due from March 31, 2015 when the consideration for sale of the assets became due. AMOUNT CLAIMED TO BE IN DEFAULT AND THE DATE ON WHICH THE DEFAULT OCCURRED (ATTACHED IS THE WORKING FOR COMPUTATION OF DEFAULT IN TABULAR FORM) Rs. 12,93,48,971/- (Rupees Twelve Crores Ninety-Three Lakhs Forty-Eight Nine Hundred and Seventy-One Thousand Only) is the amount claimed to be in default. March 31, 2015 is the date on which such amount — was defaulted. . | PARTICULARS OF SECURITES HELD, IF ANY, THE DATE OF ITS CREATION, ITS ESTIMATED VALUE AS PER THE CREDITOR. ATTACH A COPY OF REGISTRATION OF CHARGE ISSUED BY THE REGISTRAR 0} APANIES. NIL |.] DETAILS OF RETENTION OF TITLE ARRANGMENTS (IF ANY) IN RESPECT OF GOODS TO WHGICH THE OPERATIONAI. DEBT REFFERS ‘Not applicable RO di Y% oN ie