PRE SERIES-A FUND RAISING

OFCD CONVERSION TO FCD

• All the OFCD subscribers except four of them will be converted to FCD
• Interest will be calculated as of Dec 31 st 2013 or till the date of allocation of FCD for the conversion purpose
• All the OFCD subscribers will be given an option to convert the subscription amount into shares at the valuation of 50 million INR

FCD 2014

• As found in Shiva's approved document

WORKING CAPITAL LOAN FROM EXISTING SHARE HOLDERS

• This will be at monthly reducing balance basis
• Multiples of 3 or 6 lacs.
• 18 and 24 percent for 12-24 months.
• Payback - 12-24 EMIs

OFCD REFUND REQUESTS

• OFCD refund requests can be handled on case to case basis
• The OFCD requests will be generally handled with 24 EMIs /24% monthly diminishing balance formula

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