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Mr. Satish Vuppalapati's Affidavit and Acknowledgement of Debt towards Kyko Global Inc.

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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.

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Mr. Satish Vuppalapati's Affidavit and Acknowledgement of Debt towards Kyko Global Inc.

  1. 1. 1 OOT OO J OO1 OO1 OO1 OO i *>O1 OO-I OO1 OO OO-I OO1 OOT . < 1 OO OI;^BCIO-I 001 < oo-i oo O01O01 D PRADESH Wd, 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. 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

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