Affidavit and Acknowledgement of Debt by Mr. Satish 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.
Mr. Satish Vuppalapati's Affidavit and Acknowledgement of Debt towards Kyko Global Inc.
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PRADESH
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S BHARATH KUMAR
Licenced Stamp Vendor
Ph: 9246174176
Affidavit and Acknowledgement of Debt
1^ Mr. Satish Vuppalapati, age 38 years, occupation Business, residing at 96,
Ghikoti Gardens,Beegumpet,Hyderabad do hereby state on solemn affirmation
tfat:
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 andagree that asof June 25, 2013, for good and valuable
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.
2. 4) I acknowledge and agree that I have executed a Confession of Judgment
in favour of Kyko in the United States for the purposes of the enforcement
of such Judgment by the Courts at Hyderabad of 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 oweto Kyko which I have
acknowledged in this Affidavit.
7) I acknowledge and agree that I will notraise thedefenses 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 theaffidavit onoath to facilitate theenforcement of
a foreign judgment in India, and I am aware of the conditions of the same and
above 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
Hyderabad, Andhra Pradesh India.
Mr.Satish Vuppalapati
Affiant
ATTESTED
(
T. F
NOTARY G.6.M.S. No: 2742
MADHAPUR, HYDERABAD-81
ANDHRA PRADESH, INDIA
COMMISSION EXPIRES ON 26 DPC-?nifi