ASSIGNMENT OF AGREEMENT
March 14, 2007

Sub.: Assignment of agreement from SSKI to Sharekhan

Dear Customer,

We would like to take this opportunity to thank you for your continued patronage of Sharekhan services.

Hitherto you have been dealing though S S Kantilal Ishwarlal Securities Private Limited (SSKI) for transactions on NSE (for both cash and F&O segment) and with Sharekhan Limited (Sharekhan) for trades on BSE. We are pleased to inform you that Sharekhan Limited has become member of NSE and will be offering broking services for transactions on NSE.

In terms of the agreement entered between you and SSKI, SSKI has assigned your agreement with them to us. Therefore all terms of agreement and other documents signed between you and SSKI shall be deemed to be entered between us.

As you are aware, SSKI is our group company and there will not be any change in the services being offered to you because of this assignment. On a cut off date all your positions, stocks and balances held by you with SSKI will transferred to us and from that date, all trades will be executed through us.

We request you to kindly provide your “No Objection” to make our endeavor a great success.

Please sign and stamp below as your confirmation to assign and transfer the positions along with balances, stocks and margins.

If you need any clarifications, please contact nearest Branch/Franchisee of Sharekhan.

Happy Investing!!!

Team Sharekhan.