ARTICLE - XI

DURATION OF THE AGREEMENT AND TERMINATION

 

11.1

This Agreement shall come into force on the date of its execution by the parties and shall continue in force and effect so long as the Holding Company holds 10% or more shares in COMPANY.

11.2

At any time, after the expiry of three years from the commencement of this Agreement, if the shareholding of Holding Company in COMPANY falls below 10% of the total equity shares of COMPANY, Holding Company at a price to be determined by the Statutory Auditor of the COMPANY, notwithstanding that this agreement will terminate as per Article 11.1 by reason of such reduction in the shareholding of Holding Company.