Affidavit and Acknowledgement of Debt by Mrs. Madhavi Vuppalapati Towards Kyko Global Inc.
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Affidavit and Acknowledgement of Debt by Mrs. Madhavi Vuppalapati Towards Kyko Global Inc.

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Affidavit and Acknowledgement of Debt by Mrs. Madhavi Vuppalapati towards Kyko Global Inc. Amounted $18,000,000.00 plus legal fees, costs, and interest calculated weekly on the total amount at the ...

Affidavit and Acknowledgement of Debt by Mrs. Madhavi Vuppalapati towards Kyko Global Inc. Amounted $18,000,000.00 plus legal fees, costs, and interest calculated weekly on the total amount at the rate of 2.45% per month beginning on June 25, 2013.

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Affidavit and Acknowledgement of Debt by Mrs. Madhavi Vuppalapati Towards Kyko Global Inc. Document Transcript

  • 1. Affidavit and Acknowledgement of Debt I, Mrs. Madhavi Vuppalapati, age 41 years, occupation management, residing at 1082 95th Avenue NE, Bellevue, WA, USAr 98008, do hereby state on solemn affirmation that: 1) Certain guarantees were signed by debtors, including myself, in favour of Kyko Global Inc. and Kyko Global Gmbh (hereinafter collectively referred to as Kyko) to secure debt obligations and liabilities owed to Kyko. 2) I acknowledge and agree that as of June 25, 2013, for good andvaluable consideration, I am indebted to Kyko in the amount of $18,000,000.00 plus legal fees, costs, and interest calculated weekly on the total amount at the rate of 2.45% per month beginning on June 25, 2013. 3) I agree to paythe amount stated in paragraph 2 as demanded by Kyko. 4) I acknowledgeand agree that I have executed a Confession ofJudgment in favour of Kyko in the United States for the purposes of the enforcement of such Judgment by the , in any Court in, Hyderabad, Andhra Pradesh, India, a true copy of which is attached and marked as Exhibit "A" to this my Affidavit, and that this Confession of Judgment is binding on me. 5) I acknowledge and agree that a lawsuit may be initiated by Kyko in India based on the Confession of Judgment. 6) I acknowledge andagree that Kyko mayrely onthis Affidavit to obtain a Judgment against me fortheindebtedness I owe to Kyko which I have acknowledged in this Affidavit. 7) I acknowledge and agree that I will not raise the defenses mentioned in section 13 of Civil Procedure Code of 1908, and I will acknowledge my debt to Kyko as stated in paragraph 2, above, in any Court in, Hyderabad, Andhra Pradesh, India, should Kyko initiate a lawsuit to recover this debt. 8) I agree to cooperate and facilitate the enforcement of a judgment based on the debt obligation. I confirm that I ammaking the affidavit onoath to facilitate theenforcement of a foreign judgment in India, and I am aware of the conditions of the same andabove shall be binding upon me at all times. Whatever above stated is true and correct to the best of my knowledge, belief and information and I have signed this affidavit on this 19th day of July, 2013 at Bellevue, Washington, USA. . - - - - $>3<tfd0Uf ^ S^S^S^ Mrs. Madhavi Vuppalapati No.31-4831744 „ Qualified inNew York County .,^ Affiant Commission ExpiresvSeptember3D. 200^3 Mrfiani /