Common use of OBLIGATIONS OF THE SELECTED BIDDER Clause in Contracts

OBLIGATIONS OF THE SELECTED BIDDER. 3.8.1 Selected Bidder shall ensure that it subscribes to 100% (one hundred percent) of the equity share capital of the SPV and continue to hold such shares for a period up to two years after Work Completion. In the event Selected Bidder was a consortium then the shareholding pattern indicated in the Consortium Agreement, shall be complied with; 3.8.2 Selected Bidder shall continue to hold not less than 51% (fifty-one percent) for the entire term of the AMISP Contract; 3.8.3 Selected Bidder shall ensure no change in shareholding up to 2 (two) years after Work Completion as per the AMISP Contract; 3.8.4 In the event, Selected Bidder is a Consortium, the Lead Consortium Member shall hold at least 51% (fifty-one per cent) of the equity of the AMISP at all times until the two years from Work Completion as per this Contract and 26% (twenty-six) for the remaining term of this Contract. 3.8.5 In the event the Selected Bidder is a Consortium, the Lead Member shall be liable to ensure that the Solution is provided to the Utility in accordance with the terms and conditions of this Contract in terms of the Project Implementation Schedule notwithstanding the failure and/ or non- performance by any other member of the consortium.

OBLIGATIONS OF THE SELECTED BIDDER. 3.8.1 Selected Bidder shall ensure that it subscribes to 100% (one hundred percent) of the equity share capital of the SPV and continue to hold such shares for a period up to two years after Work Completion. In the event Selected Bidder was a consortium then the shareholding pattern indicated in the Consortium Agreement, shall be complied with; 3.8.2 Selected Bidder shall continue to hold not less than 51% (fifty-one percent) for the entire term of the AMISP Contract; 3.8.3 Selected Bidder shall ensure no change in shareholding up to 2 (two) years after Work Completion as per the AMISP Contract; 3.8.4 In the event, Selected Bidder is a Consortium, the Lead Consortium Member shall hold at least 51% (fifty-one per cent) of the equity of the AMISP at all times until the two years from Work Completion as per this Contract and 26% (twenty-six) for the remaining term of this Contract. 3.8.5 In the event the Selected Bidder is a Consortium, the Lead Member shall be liable to ensure that the Solution is provided to the Utility in accordance with the terms and conditions of this Contract in terms of the Project Implementation Schedule notwithstanding the failure and/ or non- non-performance by any other member of the consortium.

OBLIGATIONS OF THE SELECTED BIDDER. 3.8.1 Selected Bidder shall ensure that it subscribes to 100% (one hundred percent) of the equity share capital of the SPV and continue to hold such shares for a period up to two years after Work Completion. In the event Selected Bidder was a consortium then the shareholding pattern indicated in the Consortium Agreement, shall be complied with; 3.8.2 ; Selected Bidder shall continue to hold not less than 51% (fifty-one percent) for the entire term of the AMISP Contract; 3.8.3 ; Selected Bidder shall ensure no change in shareholding up to 2 (two) years after Work Completion as per the AMISP Contract; 3.8.4 ; In the event, Selected Bidder is a Consortium, the Lead Consortium Member shall hold at least 51% (fifty-one per cent) of the equity of the AMISP at all times until the two years from Work Completion as per this Contract and 26% (twenty-six) for the remaining term of this Contract. 3.8.5 . In the event the Selected Bidder is a Consortium, the Lead Member shall be liable to ensure that the Solution is provided to the Utility in accordance with the terms and conditions of this Contract in terms of the Project Implementation Schedule notwithstanding the failure and/ or non- non-performance by any other member of the consortium.