Common use of Payment Security Clause in Contracts

Payment Security. 11.1. The Buyer shall provide to each of the Sellers (value split based on Participating Interest) as security for its payment obligations hereunder an irrevocable, unconditional, on demand Bank Guarantee from a bank included in the list provided in Annexure – 6, in favour of the Sellers, for an amount specified in Clause 11.2 below, in a form provided at Annexure 5. Original Bank Guarantee along with the copy of SFMS confirmation to be submitted on or before 18th March 2024 and shall be valid up to 30th June 2025. Bank Guarantee in favour of Vedanta, ONGC and IPL shall be in INR. 11.2. The amount of the Bank Guarantee to be provided and maintained under Clause 11.1 above shall be for thirty-one (31) Days equivalent Gas supplies to Buyer and shall be determined as follows: 11.3. Bank Guarantee amount (in United States Dollar) = 110% * [(Awarded Sales Gas Quantity (in scm) * 9,700 kcal/scm/ 252,000) MMBTU] * [Sales Gas Price (plus applicable VAT rate)] * [31 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 this Bank Guarantee shall be the simple average of Sales Gas Price for preceding three (3) Months period from the Month in which the Bank Guarantee is issued. 11.4. Upon expiry of the Agreement and ascertainment of no dues, Bank Guarantee shall be returned to the Buyer within 7 days after receipt of C Form (if applicable) against the invoices raised during the Term of the Agreement. 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 (value split based on Participating Interestas per the percentage interest share as provided by Vedanta) as security for its payment obligations hereunder an irrevocable, unconditional, on demand Bank Guarantee payment security bank guarantee from a reputed bank included in of good standing, acceptable to the list provided in Annexure – 6Sellers, in favour of the Sellers, for an amount specified in Clause 11.2 below, in a form provided at Annexure 5. Original Bank Guarantee along with the copy of SFMS confirmation 7, to be submitted on or before 18th March 2024 and shall be valid up to 30th June 2025in place from the Start Date. Bank Guarantee in favour of Vedanta, Vedanta and ONGC and IPL 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 Bank Guarantee guarantee to be provided and maintained under Clause 11.1 above shall be for thirty-one thirty (3130) Days equivalent Gas supplies to Buyer and shall be determined as follows: 11.3. : Payment Security Bank Guarantee guarantee amount (in United States Dollar) = 110% [8,000 scm * [(Awarded Sales Gas Quantity (in scm) * 9,700 10,350 kcal/scm/ 252,000) scm / 252,000 MMBTU] * [Sales Gas Price (plus all applicable VAT ratetaxes and duties on sales)] * [31 days30 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 issuedGuarantees. The Sales Gas Price to be considered for this the purpose of calculating the amount of Bank Guarantee shall be the simple average of Sales Gas Price calculated for preceding three (3) Months period from the Month in which the Bank Guarantee is issuedMonth’s period. 11.4. Upon expiry of the Agreement and ascertainment of no dues, 11.3 Payment Security Bank Guarantee shall be returned submitted no later than thirty (30) days prior to the Buyer within 7 days after receipt Start Date and shall be valid initially for a period of C Form one (if applicable1) against Years from the invoices raised during the Term Start Date. No later than one (1) month before end of validity of the Agreementprevious 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 (value split based on Participating Interest) as security for its payment obligations hereunder an irrevocable, unconditional, on demand Bank Guarantee from a bank included in the list provided in Annexure – 6, in favour of the Sellers, for an amount specified in Clause 11.2 below, in a form provided at Annexure 5. Original Bank Guarantee along with the copy of SFMS confirmation to be submitted on or before 18th March 2024 and shall be valid up to 30th June 2025. Bank Guarantee in favour of Vedanta, Vedanta and ONGC and IPL 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 Bank Guarantee to be provided and maintained under Clause 11.1 above shall be for thirty-one (31) Days equivalent Gas supplies to Buyer and shall be determined as follows: 11.3. Bank Guarantee amount (in United States Dollar) = 110% * [(Awarded Sales Gas Quantity (in scm) * 9,700 10,575 kcal/scm/ 252,000) MMBTU] * [Sales Gas Price (plus applicable VAT rate)] * [31 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 this Bank Guarantee shall be the simple average of Sales Gas Price for preceding three (3) Months period from the Month in which the Bank Guarantee is issued. 11.4. Upon expiry of the Agreement and ascertainment of no dues, Bank Guarantee shall be returned to the Buyer within 7 days after receipt of C Form (if applicable) against the invoices raised during the Term of the Agreement. 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 (value split based on Participating Interest) as security for its payment obligations hereunder an irrevocable, unconditional, on demand Bank Guarantee payment security bank guarantee from a reputed bank included in of good standing, acceptable to the list provided in Annexure – 6Seller, in favour of the SellersSeller, for an amount specified in Clause 11.2 below, in a form provided at Annexure 5. Original Bank Guarantee along with the copy of SFMS confirmation 7, to be submitted on or before 18th March 2024 and shall be valid up to 30th June 2025in place from the Start Date. Bank Guarantee in favour of Vedanta, ONGC and IPL KIRI shall be in INR. 11.2. 11.2 The amount of the Bank Guarantee guarantee to be provided and maintained under Clause 11.1 above shall be for thirty-one thirty (3130) Days equivalent Gas supplies to Buyer and shall be determined as follows: 11.3. : Payment Security Bank Guarantee guarantee amount (in United States Dollar) = 110% [XXX scm * [(Awarded Sales Gas Quantity (in scm) * 9,700 9,431.03 kcal/scm/ 252,000) scm XXXX MMBTU] * [Sales Gas Price (plus all applicable VAT ratetaxes and duties on sales)] * [31 days30 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 issuedGuarantees. The Sales Gas Price to be considered for this the purpose of calculating the amount of Bank Guarantee shall be the simple average of Sales Gas Price calculated for preceding three (3) Months period from the Month in which the Bank Guarantee is issuedMonth’s period. 11.4. Upon expiry of the Agreement and ascertainment of no dues, 11.3 Payment Security Bank Guarantee shall be returned submitted no later than thirty (30) days prior to the Buyer within 7 days after receipt Start Date and shall be valid initially for a period of C Form one (if applicable1) against Years from the invoices raised during the Term Start Date. Three (3) months before end of validity of the Agreement. 11.5. The Sellers previous Bank Guarantee, it shall have the right to invoke, in part or in full, the respective Bank Guarantee on account be renewed for further duration of a failure of the Buyer in meeting its payment obligations under this Agreement.one (1) Years as per Clause

Payment Security. 11.1. The Buyer shall provide to each of the Sellers (value split based on Participating Interest) Seller as security for its payment obligations hereunder an irrevocable, unconditional, on demand Bank Guarantee from a bank included in the list provided in Annexure – 68, in favour of the SellersSeller, for an amount specified in Clause 11.2 below, in a form provided at Annexure 56. Original Bank Guarantee along with the copy of SFMS confirmation to be submitted on or before 18th March 12th February 2024 and shall be valid up to 30th June 31st March 2025. Bank Guarantee in favour of Vedanta, ONGC and IPL shall be in INR. 11.2. The amount of the Bank Guarantee to be provided and maintained under Clause 11.1 above shall be for thirty-one thirty (31) Days equivalent Gas supplies to Buyer and shall be determined as follows: 11.3. Bank Guarantee amount (in United States Dollar) = 110% * [(Awarded Sales Gas Quantity Volume (in scm) * 9,700 10,000 kcal/scm/ 252,000) MMBTU] * [Sales Gas Price (plus applicable VAT rate)] * [31 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 this the purpose of calculating the amount of Bank Guarantee shall be the simple average of latest Sales Gas Price for preceding three (3) Months period from the Month in which the Bank Guarantee is issuedavailable. 11.4. Upon expiry of the Agreement and ascertainment of no dues, Bank Guarantee shall be returned to the Buyer within 7 days after receipt of C Form (if applicable) against the invoices raised during the Term of the Agreement. 11.5. The Sellers Seller 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. The Buyer shall provide to each of the Sellers (value split based on Participating Interestas per the percentage interest share as provided by Vedanta) as security for its payment obligations hereunder an irrevocable, unconditional, on demand Bank Guarantee bank guarantee from a bank included in the list provided in Annexure – 6- 8, in favour of the Sellers, for an amount specified in Clause 11.2 below, in a form provided at Annexure 5. Original Bank Guarantee along with the copy of SFMS confirmation 6, to be submitted on or before 18th March 2024 and shall be valid up in place prior to 30th June 2025the Start Date. Bank Guarantee in favour of Vedanta, Vedanta and ONGC and IPL 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 Bank Guarantee guarantee to be provided and maintained under Clause 11.1 above shall be for thirty-one thirty (3130) Days equivalent Gas supplies to Buyer and shall be determined as follows: 11.3. Bank Guarantee guarantee amount (in United States Dollar) = 110% * [(Awarded Sales Gas Quantity Volume (in scm) * 9,700 10,550 kcal/scm/ 252,000) MMBTU] * [Sales Gas Price (plus all applicable VAT ratetaxes and duties)] * [31 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 bank guarantee is issued. The Sales Gas Price to be considered for this the purpose of calculating the amount of Bank Guarantee shall be the simple average of Sales Gas Price calculated for preceding available last three (3) Months period from the Month in which the Bank Guarantee is issuedMonths’ period. 11.4. Upon expiry of the Agreement and ascertainment of no dues, Bank Guarantee shall be returned submitted prior to the Buyer within 7 days after receipt Start Date and shall be valid up to a period of C Form one (if applicable1) against the invoices raised during the Term of the AgreementMonth 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. The Buyer shall provide to each of the Sellers (value split based on Participating Interest) Seller as security for its payment obligations hereunder an irrevocable, unconditional, on demand Bank Guarantee from a bank included in the list provided in Annexure – 6, in favour of the SellersSeller, for an amount specified in Clause 11.2 below, in a form provided at Annexure 5. Original Bank Guarantee along with the copy of SFMS confirmation to be submitted on or before 18th March 27th December 2024 and shall be valid up to 30th June 2025. Bank Guarantee in favour of Vedanta, ONGC and IPL shall be in INR31st March 2026. 11.2. The amount of the Bank Guarantee to be provided and maintained under Clause 11.1 above shall be for thirty-one (31) Days equivalent Gas supplies to Buyer and shall be determined as follows: 11.3. : Bank Guarantee amount (in United States Dollar) = 110% * [(Awarded Sales Gas Quantity (in scm) * 9,700 10,000 kcal/scm/ 252,000) MMBTU] * [Sales Gas Price (plus applicable VAT rate)] * [31 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 this Bank Guarantee shall be the simple average of Sales Gas Price available for preceding last three (3) Months period from on the Month in which date of issuing of the Bank Guarantee is issuedGuarantee. 11.411.3. Upon expiry of the Agreement and ascertainment of no dues, Bank Guarantee shall be returned to the Buyer within 7 days after receipt of C Form (if applicable) against the invoices raised during the Term of the Agreement. 11.511.4. The Sellers Seller 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. The Buyer shall provide to each of the Sellers (value split based on Participating Interest) as security for its payment obligations hereunder an irrevocable, unconditional, on demand Bank Guarantee from a bank included in the list provided in Annexure – 6, in favour of the Sellers, for an amount specified in Clause 11.2 below, in a form provided at Annexure 5. Original Bank Guarantee along with the copy of SFMS confirmation to be submitted on or before 18th March 2024 04th July 2025 and shall be valid up to 30th June 2025till three (3) months from the End Date. Bank Guarantee in favour of Vedanta, ONGC and IPL shall be in INR. 11.2. The amount of the Bank Guarantee to be provided and maintained under Clause 11.1 above shall be for thirty-one (31) Days equivalent Gas supplies to Buyer and shall be determined as follows: 11.3. : Bank Guarantee amount (in United States Dollar) = 110% * [(Awarded Sales Gas Quantity (in scm) * 9,700 kcal/scm/ 252,000) MMBTU] * [Sales Gas Price (plus applicable VAT rate)] * [31 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 this Bank Guarantee shall be the simple average of Sales Gas Price available for preceding last three (3) Months period from on the Month in which date of issuing of the Bank Guarantee is issuedGuarantee. 11.411.3. Upon expiry of the Agreement and ascertainment of no dues, Bank Guarantee shall be returned to the Buyer within 7 days after receipt of C Form (if applicable) against the invoices raised during the Term of the Agreement. 11.511.4. 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 (value split based on Participating Interest) Seller as security for its payment obligations hereunder an irrevocable, unconditional, on demand Bank Guarantee bank guarantee from a reputed bank included in of good standing, acceptable to the list provided in Annexure – 6Seller, in favour of the SellersSeller, for an amount specified in Clause 11.2 below, in a form provided at Annexure 5. Original Bank Guarantee along with the copy of SFMS confirmation 7, to be submitted on or before 18th March 2024 and shall be valid up in place ten (10) days prior to 30th June 2025. Bank Guarantee in favour of Vedanta, ONGC and IPL shall be in INRthe Start Date. 11.2. 11.2 The amount of the Bank Guarantee guarantee to be provided and maintained under Clause 11.1 above shall be for thirty-one thirty (3130) Days equivalent Gas supplies to Buyer and shall be determined as follows: 11.3. : Payment Security Bank Guarantee guarantee amount (in United States Dollar) = 110% * [(Awarded Sales Gas Quantity Volume (in scm) * 9,700 Last available GHV (in kcal/scm/ scm)/ 252,000) MMBTU] * [Sales Gas Price (plus all applicable VAT ratetaxes and duties)] * [31 days30 Days]. For Decline Period, Awarded Sales Gas Volume shall be replaced by revised DCQ for the relevant Year. 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 Day prior to issuance of the month in which the Bank Guarantee is issuedGuarantees. The Sales Gas Price to be considered for this the purpose of calculating the amount of Bank Guarantee shall be the simple average of Sales Gas Price calculated for preceding three (3) Months period from the Month in which the Bank Guarantee is issuedMonth’s period. 11.4. Upon expiry of the Agreement and ascertainment of no dues, 11.3 Payment Security Bank Guarantee shall be returned submitted at the time of execution of this Agreement or ten (10) days prior to the Buyer within 7 Start Date whichever is later and shall be valid initially for a period of one (1) Year from the Start Date. Fifteen (15) days after receipt before end of C Form (if applicable) against the invoices raised during the Term validity of the Agreementprevious 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 Seller for thirty (30) days equivalent Gas supply. 11.5. 11.4 The Sellers Seller 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. 11.1 The Buyer shall provide to each of the Sellers (value split based on Participating Interest) as security for its payment obligations hereunder an irrevocable, unconditional, on demand Bank Guarantee bank guarantee from a reputed bank included in of good standing, acceptable to the list provided in Annexure – 6Sellers, in favour of the Sellers, for an amount specified in Clause 11.2 below, in a form provided at Annexure 5. Original Bank Guarantee along with the copy of SFMS confirmation 6, to be submitted on or before 18th March 2024 and shall be valid up in place prior to 30th June 2025. Bank Guarantee in favour of Vedanta, ONGC and IPL shall be in INRthe Start Date. 11.2. 11.2 The amount of the Bank Guarantee guarantee to be provided and maintained under Clause 11.1 above shall be for thirty-thirty one (31) Days equivalent Gas supplies to Buyer and shall be determined as follows: 11.3. : Bank Guarantee guarantee amount (in United States Dollar) = 110% * [(Awarded Sales Gas Quantity Volume (in scm) * 9,700 9,850 kcal/scm/ 252,000) MMBTU] * [Sales Gas Price (plus all applicable VAT ratetaxes and duties)] * [31 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 issuedGuarantees. The Sales Gas Price to be considered for this the purpose of calculating the amount of Bank Guarantee shall be the simple average of Sales Gas Price calculated for preceding three (3) Months period from the Month in which the Bank Guarantee is issuedMonths’ period. 11.4. Upon expiry of the Agreement and ascertainment of no dues, 11.3 Bank Guarantee shall be returned submitted at the time of execution of this Agreement or prior to the Buyer within 7 days after receipt Start Date whichever is later and shall be valid uptil a period of C Form one (if applicable1) against Month from End Date. Sellers may request for renewal of the invoices raised BG during the Term term of this Agreement so as to ensure uninterrupted coverage to the AgreementSellers 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. The Buyer shall provide to each of the Sellers (value split based on Participating Interest) Seller as security for its payment obligations hereunder an irrevocable, unconditional, on demand Bank Guarantee from a bank included in the list provided in Annexure – - 6, in favour of the SellersSeller, for an amount specified in Clause 11.2 below, in a form provided at Annexure – 5. Original Bank Guarantee along with the copy of SFMS confirmation to be submitted on or before 18th March 2024 Start Date and shall be valid up to 30th June 2025. Bank Guarantee in favour of Vedanta, ONGC and IPL shall be in INR2027. 11.2. The amount of the Bank Guarantee to be provided and maintained under Clause 11.1 above shall be for thirty-one forty five (3145) Days equivalent Gas supplies to Buyer and shall be determined as follows: 11.3. Bank Guarantee amount (in United States Dollar) = 110% * [(Awarded Sales Gas Quantity (in scm) * 9,700 9,300 kcal/scm/ 252,000) MMBTU] * [Sales Gas Price (plus applicable VAT rate)] * [31 45 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 this Bank Guarantee shall be the simple average of Sales Gas Price for preceding three (3) Months period from the Month in which the Bank Guarantee is issued. 11.4. Upon expiry of the Agreement and ascertainment of no dues, Bank Guarantee shall be returned to the Buyer within 7 days after receipt of C Form (if applicable) against the invoices raised during the Term of the Agreement. 11.5. The Sellers Seller 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. The Buyer shall provide to each of the Sellers (value split based on Participating Interest) as security for its payment obligations hereunder an irrevocable, unconditional, on demand Bank Guarantee from a bank included in the list provided in Annexure – 6, in favour of the Sellers, for an amount specified in Clause 11.2 below, in a form provided at Annexure 5. Original Bank Guarantee along with the copy of SFMS confirmation to be submitted on or before 18th March 2024 27th June 2025 and shall be valid up to 30th June 2025till three (3) months from the End Date. Bank Guarantee in favour of Vedanta, Vedanta and ONGC and IPL 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 Bank Guarantee to be provided and maintained under Clause 11.1 above shall be for thirty-one (31) Days equivalent Gas supplies to Buyer and shall be determined as follows: 11.3. : Bank Guarantee amount (in United States Dollar) = 110% * [(Awarded Sales Gas Quantity (in scm) * 9,700 kcal/scm/ 252,000) MMBTU] * [Sales Gas Price (plus applicable VAT rate)] * [31 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 this Bank Guarantee shall be the simple average of Sales Gas Price available for preceding last three (3) Months period from on the Month in which date of issuing of the Bank Guarantee is issuedGuarantee. 11.411.3. Upon expiry of the Agreement and ascertainment of no dues, Bank Guarantee shall be returned to the Buyer within 7 days after receipt of C Form (if applicable) against the invoices raised during the Term of the Agreement. 11.511.4. 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 (value split based on Participating Interest) as security for its payment obligations hereunder an irrevocable, unconditional, on demand Bank Guarantee bank guarantee from a reputed bank included in of good standing, acceptable to the list provided in Annexure – 6Sellers, in favour of the Sellers, for an amount specified in Clause 11.2 below, in a form provided at Annexure 5. Original Bank Guarantee along with the copy of SFMS confirmation 7, to be submitted on or before 18th March 2024 and shall be valid up in place ten (10) Days prior to 30th June 2025. Bank Guarantee in favour of Vedanta, ONGC and IPL shall be in INRthe Start Date. 11.2. 11.2 The amount of the Bank Guarantee guarantee to be provided and maintained under Clause 11.1 above shall be for thirty-one thirty (3130) Days equivalent Gas supplies to Buyer and shall be determined as follows: 11.3. : Bank Guarantee guarantee amount (in United States Dollar) = 110% * [(Awarded Sales Gas Quantity Volume (in scm) * 9,700 kcal/scm/ 252,000) MMBTU] * [Sales Gas Price (plus all applicable VAT ratetaxes and duties)] * [31 days30 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 issuedGuarantees. The Sales Gas Price to be considered for this the purpose of calculating the amount of Bank Guarantee shall be the simple average of Sales Gas Price calculated for preceding three (3) Months period from the Month in which the Bank Guarantee is issuedMonths’ period. 11.4. Upon expiry of the Agreement and ascertainment of no dues, 11.3 Bank Guarantee shall be returned submitted at the time of execution of this Agreement or ten (10) days prior to the Buyer within 7 days after receipt Start Date whichever is later and shall be valid uptil a period of C Form one (if applicable1) against Month from End Date. Sellers may request for renewal of the invoices raised BG during the Term term of this Agreement so as to ensure uninterrupted coverage to the AgreementSellers 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. The Buyer shall provide to each of the Sellers (value split based on Participating Interest) as security for its payment obligations hereunder an irrevocable, unconditional, on demand Bank Guarantee from a bank included in the list provided in Annexure – 6, in favour of the Sellers, for an amount specified in Clause 11.2 below, in a form provided at Annexure 5. Original Bank Guarantee along with the copy of SFMS confirmation to be submitted on or before 18th 25th March 2024 2025 and shall be valid up to 30th June 2025till three (3) months from the End Date. Bank Guarantee in favour of Vedanta, Vedanta and ONGC and IPL 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 Bank Guarantee to be provided and maintained under Clause 11.1 above shall be for thirty-one (31) Days equivalent Gas supplies to Buyer and shall be determined as follows: 11.3. : Bank Guarantee amount (in United States Dollar) = 110% * [(Awarded Sales Gas Quantity (in scm) * 9,700 kcal/scm/ 252,000) MMBTU] * [Sales Gas Price (plus applicable VAT rate)] * [31 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 this Bank Guarantee shall be the simple average of Sales Gas Price available for preceding last three (3) Months period from on the Month in which date of issuing of the Bank Guarantee is issuedGuarantee. 11.411.3. Upon expiry of the Agreement and ascertainment of no dues, Bank Guarantee shall be returned to the Buyer within 7 days after receipt of C Form (if applicable) against the invoices raised during the Term of the Agreement. 11.511.4. 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. The Buyer shall provide to each of the Sellers (value split based on Participating Interest) Seller as security for its payment obligations hereunder an irrevocable, unconditional, on demand Bank Guarantee from a bank included in the list provided in Annexure – - 6, in favour of the SellersSeller, for an amount specified in Clause 11.2 below, in a form provided at Annexure – 5. Original Bank Guarantee along with the copy of SFMS confirmation to be submitted on or before 18th March 2024 Start Date and shall be valid up to 30th June 2025. Bank Guarantee in favour of Vedanta, ONGC and IPL shall be in INR2027. 11.2. The amount of the Bank Guarantee to be provided and maintained under Clause 11.1 above shall be for thirty-one forty five (3145) Days equivalent Gas supplies to Buyer and shall be determined as follows: 11.3. : Bank Guarantee amount (in United States Dollar) = 110% * [(Awarded Sales Gas Quantity (in scm) * 9,700 9,300 kcal/scm/ 252,000) MMBTU] * [Sales Gas Price (plus applicable VAT rate)] * [31 45 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 this Bank Guarantee shall be the simple average of Sales Gas Price for preceding three (3) Months period from the Month in which the Bank Guarantee is issued. 11.411.3. Upon expiry of the Agreement and ascertainment of no dues, Bank Guarantee shall be returned to the Buyer within 7 days after receipt of C Form (if applicable) against the invoices raised during the Term of the Agreement. 11.511.4. The Sellers Seller 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 (value split based on Participating Interest) as security for its payment obligations hereunder an irrevocable, unconditional, on demand Bank Guarantee bank guarantee from a reputed bank included in of good standing, acceptable to the list provided in Annexure – 6Sellers, in favour of the Sellers, for an amount specified in Clause 11.2 below, in a form provided at Annexure 5. Original Bank Guarantee along with the copy of SFMS confirmation 6, to be submitted on or before 18th March 2024 and shall be valid up in place prior to 30th June 2025. Bank Guarantee in favour of Vedanta, ONGC and IPL shall be in INRthe Start Date. 11.2. 11.2 The amount of the Bank Guarantee guarantee to be provided and maintained under Clause 11.1 above shall be for thirty-one (31) Days equivalent Gas supplies to Buyer and shall be determined as follows: 11.3. : Bank Guarantee guarantee amount (in United States Dollar) = 110% * [(Awarded Sales Gas Quantity Volume (in scm) * 9,700 9,850 kcal/scm/ 252,000) MMBTU] * [Sales Gas Price (plus all applicable VAT ratetaxes and duties)] * [31 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 issuedGuarantees. The Sales Gas Price to be considered for this the purpose of calculating the amount of Bank Guarantee shall be the simple average of Sales Gas Price calculated for preceding three (3) Months period from the Month in which the Bank Guarantee is issuedMonths’ period. 11.4. Upon expiry of the Agreement and ascertainment of no dues, 11.3 Bank Guarantee shall be returned submitted at the time of execution of this Agreement or prior to the Buyer within 7 days after receipt Start Date whichever is later and shall be valid uptil a period of C Form one (if applicable1) against Month from End Date. Sellers may request for renewal of the invoices raised BG during the Term term of this Agreement so as to ensure uninterrupted coverage to the AgreementSellers 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 (value split based on Participating Interestas per the percentage interest share as provided by ▇▇▇▇▇▇▇) as security for its payment obligations hereunder an irrevocable, unconditional, on demand Bank Guarantee payment security bank guarantee from a reputed bank included in of good standing, acceptable to the list provided in Annexure – 6Sellers, in favour of the Sellers, for an amount specified in Clause 11.2 below, in a form provided at Annexure 5. Original Bank Guarantee along with the copy of SFMS confirmation 7, to be submitted on or before 18th March 2024 and shall be valid up to 30th June 2025in place from the Start Date. Bank Guarantee in favour of Vedanta, Vedanta and ONGC and IPL 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 Bank Guarantee guarantee to be provided and maintained under Clause 11.1 above shall be for thirty-one thirty (3130) Days equivalent Gas supplies to Buyer and shall be determined as follows: 11.3. : Payment Security Bank Guarantee guarantee amount (in United States Dollar) = 110% [8,000 scm * [(Awarded Sales Gas Quantity (in scm) * 9,700 10,350 kcal/scm/ 252,000) scm / 252,000 MMBTU] * [Sales Gas Price (plus all applicable VAT ratetaxes and duties on sales)] * [31 days30 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 issuedGuarantees. The Sales Gas Price to be considered for this the purpose of calculating the amount of Bank Guarantee shall be the simple average of Sales Gas Price calculated for preceding three (3) Months period from the Month in which the Bank Guarantee is issuedMonth’s period. 11.4. Upon expiry of the Agreement and ascertainment of no dues, 11.3 Payment Security Bank Guarantee shall be returned submitted no later than thirty (30) days prior to the Buyer within 7 days after receipt Start Date and shall be valid initially for a period of C Form one (if applicable1) against Years from the invoices raised during the Term Start Date. No later than one (1) month before end of validity of the Agreementprevious 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 (value split based on Participating Interest) as security for its payment obligations hereunder an irrevocable, unconditional, on demand Bank Guarantee from a bank included in the list provided in Annexure – 6, in favour of the Sellers, for an amount specified in Clause 11.2 below, in a form provided at Annexure 5. Original Bank Guarantee along with the copy of SFMS confirmation to be submitted on or before 18th March 2024 04th July 2025 and shall be valid up to 30th June 2025till three (3) months from the End Date. Bank Guarantee in favour of Vedanta, ONGC and IPL shall be in INR. 11.2. The amount of the Bank Guarantee to be provided and maintained under Clause 11.1 above shall be for thirtyforty-one five (3145) Days equivalent Gas supplies to Buyer and shall be determined as follows: 11.3. : Bank Guarantee amount (in United States Dollar) = 110% * [(Awarded Sales Gas Quantity (in scm) * 9,700 kcal/scm/ 252,000) MMBTU] * [Sales Gas Price (plus applicable VAT rate)] * [31 45 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 this Bank Guarantee shall be the simple average of Sales Gas Price available for preceding last three (3) Months period from on the Month in which date of issuing of the Bank Guarantee is issuedGuarantee. 11.411.3. Upon expiry of the Agreement and ascertainment of no dues, Bank Guarantee shall be returned to the Buyer within 7 days after receipt of C Form (if applicable) against the invoices raised during the Term of the Agreement. 11.511.4. 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. The Buyer shall provide to each of the Sellers (value split based on Participating Interest) as security for its payment obligations hereunder an irrevocable, unconditional, on demand Bank Guarantee from a bank included in the list provided in Annexure – 68, in favour of the Sellers, for an amount specified in Clause 11.2 below, in a form provided at Annexure 56. Original Bank Guarantee along with the copy of SFMS confirmation to be submitted on or before 18th March 2024 27th December 2023 and shall be valid up to 30th June 2025April 2024. Bank Guarantee in favour of Vedanta, Vedanta and ONGC and IPL 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 Bank Guarantee to be provided and maintained under Clause 11.1 above shall be for thirty-one thirty (3130) Days equivalent Gas supplies to Buyer and shall be determined as follows: 11.3. Bank Guarantee amount (in United States Dollar) = 110% * [(Awarded Sales Gas Quantity Volume (in scm) * 9,700 10,575 kcal/scm/ 252,000) MMBTU] * [Sales Gas Price (plus all applicable VAT ratetaxes and duties)] * [31 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 this the purpose of calculating the amount of Bank Guarantee shall be the simple average of latest Sales Gas Price for preceding three (3) Months period from the Month in which the Bank Guarantee is issuedavailable. 11.4. Upon expiry of the Agreement and ascertainment of no dues, Bank Guarantee shall be returned to the Buyer within 7 days after receipt of C Form (if applicable) against the invoices raised during the Term of the Agreement. 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. The Buyer shall provide to each of the Sellers (value split based on Participating Interestas per the percentage interest share as provided by Vedanta) as security for its payment obligations hereunder an irrevocable, unconditional, on demand Bank Guarantee bank guarantee from a bank included in the list provided in Annexure – 6- 8, in favour of the Sellers, for an amount specified in Clause 11.2 below, in a form provided at Annexure 5. Original Bank Guarantee along with the copy of SFMS confirmation 6, to be submitted in place on or before 18th March 2024 and shall be valid up to 30th June 202527th September 2023. Bank Guarantee in favour of Vedanta, Vedanta and ONGC and IPL 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 Bank Guarantee guarantee to be provided and maintained under Clause 11.1 above shall be for thirty-one thirty (3130) Days equivalent Gas supplies to Buyer and shall be determined as follows: 11.3. Bank Guarantee guarantee amount (in United States Dollar) = 110% * [(Awarded Sales Gas Quantity Volume (in scm) * 9,700 10,550 kcal/scm/ 252,000) MMBTU] * [Sales Gas Price (plus all applicable VAT ratetaxes and duties)] * [31 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 bank guarantee is issued. The Sales Gas Price to be considered for this the purpose of calculating the amount of Bank Guarantee shall be the simple average of latest Sales Gas Price for preceding three (3) Months period from the Month in which the Bank Guarantee is issuedavailable. 11.4. Upon expiry of the Agreement and ascertainment of no dues, Original Bank Guarantee along with the copy of SFMS confirmation shall be returned submitted on or before 27th September 2023 and shall be valid up to the Buyer within 7 days after receipt a period of C Form one (if applicable1) against the invoices raised during the Term of the AgreementMonth 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. The Buyer shall provide to each of the Sellers (value split based on Participating Interest) as security for its payment obligations hereunder an irrevocable, unconditional, on demand Bank Guarantee from a bank included in the list provided in Annexure – 6, in favour of the Sellers, for an amount specified in Clause 11.2 below, in a form provided at Annexure 5. Original Bank Guarantee along with the copy of SFMS confirmation to be submitted on or before 18th 28th March 2024 2025 and shall be valid up to 30th June 2025till three (3) months from the End Date. Bank Guarantee in favour of Vedanta, ONGC and IPL shall be in INR. 11.2. The amount of the Bank Guarantee to be provided and maintained under Clause 11.1 above shall be for thirtyforty-one five (3145) Days equivalent Gas supplies to Buyer and shall be determined as follows: 11.3. : Bank Guarantee amount (in United States Dollar) = 110% * [(Awarded Sales Gas Quantity (in scm) * 9,700 kcal/scm/ 252,000) MMBTU] * [Sales Gas Price (plus applicable VAT rate)] * [31 45 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 this Bank Guarantee shall be the simple average of Sales Gas Price available for preceding last three (3) Months period from on the Month in which date of issuing of the Bank Guarantee is issuedGuarantee. 11.411.3. Upon expiry of the Agreement and ascertainment of no dues, Bank Guarantee shall be returned to the Buyer within 7 days after receipt of C Form (if applicable) against the invoices raised during the Term of the Agreement. 11.511.4. 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. The Buyer shall provide to each of the Sellers (value split based on Participating Interest) as security for its payment obligations hereunder an irrevocable, unconditional, on demand Bank Guarantee from a bank included in the list provided in Annexure – 6, in favour of the Sellers, for an amount specified in Clause 11.2 below, in a form provided at Annexure 5. Original Bank Guarantee along with the copy of SFMS confirmation to be submitted on or before 18th 27th March 2024 2025 and shall be valid up to 30th June 2025till three (3) months from the End Date. Bank Guarantee in favour of Vedanta, ONGC and IPL shall be in INR. 11.2. The amount of the Bank Guarantee to be provided and maintained under Clause 11.1 above shall be for thirty-one (31) Days equivalent Gas supplies to Buyer and shall be determined as follows: 11.3. : Bank Guarantee amount (in United States Dollar) = 110% * [(Awarded Sales Gas Quantity (in scm) * 9,700 kcal/scm/ 252,000) MMBTU] * [Sales Gas Price (plus applicable VAT rate)] * [31 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 this Bank Guarantee shall be the simple average of Sales Gas Price available for preceding last three (3) Months period from on the Month in which date of issuing of the Bank Guarantee is issuedGuarantee. 11.411.3. Upon expiry of the Agreement and ascertainment of no dues, Bank Guarantee shall be returned to the Buyer within 7 days after receipt of C Form (if applicable) against the invoices raised during the Term of the Agreement. 11.511.4. 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. The Buyer shall provide to each of the Sellers (value split based on Participating Interest) as security for its payment obligations hereunder an irrevocable, unconditional, on demand Bank Guarantee from a bank included in the list provided in Annexure – 6, in favour of the Sellers, for an amount specified in Clause 11.2 below, in a form provided at Annexure 5. Original Bank Guarantee along with the copy of SFMS confirmation to be submitted on or before 18th 21st March 2024 2025 and shall be valid up to 30th June 2025till three (3) months from the End Date. Bank Guarantee in favour of Vedanta, Vedanta and ONGC and IPL 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 Bank Guarantee to be provided and maintained under Clause 11.1 above shall be for thirty-one (31) Days equivalent Gas supplies to Buyer and shall be determined as follows: 11.3. : Bank Guarantee amount (in United States Dollar) = 110% * [(Awarded Sales Gas Quantity (in scm) * 9,700 10,575 kcal/scm/ 252,000) MMBTU] * [Sales Gas Price (plus applicable VAT rate)] * [31 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 this Bank Guarantee shall be the simple average of Sales Gas Price available for preceding last three (3) Months period from on the Month in which date of issuing of the Bank Guarantee is issuedGuarantee. 11.411.3. Upon expiry of the Agreement and ascertainment of no dues, Bank Guarantee shall be returned to the Buyer within 7 days after receipt of C Form (if applicable) against the invoices raised during the Term of the Agreement. 11.511.4. 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.