Common use of Cash Acquisition Clause in Contracts

Cash Acquisition. The Investor may acquire further 15% (fifteen percent) of total share capital of the Company, on a Fully Diluted Basis excluding the Subscription Securitiesin such a manner that the total cash consideration payable by the Investor on exercise of the Second Tranche Call Option and this option together shall be equivalent INR 75,00,00,000 (Rupees Seventy Five Crores only) (Cash Acquisition Aggregate Price) in the event that this option is exercised by the Investor before 31 March 2022, and is detailed in Schedule 11. The Cash Acquisition Aggregate Price is on the assumption that the EBITDA projection of INR 36,00,00,000 (Rupees Thirty-Six Crores only) (excluding SEIS income) being met for FY 2022. In the event that the Investor exercises this option post 31 March 2022 but before 31 December 2023, then the acquisition will be at a valuation determined at the same multiples (as set out in Schedule 11), but at the revised EBITDA trailing 12 (twelve) months immediately before such option is exercised, for the relevant Cash Acquisition.