COMPANY LIMITED BY SHARES

THE COMPANIES ACT, 2013

MEMORANDUM OF ASSOCIATION

OF

TAP SMART DATA INFORMATION SERVICES PRIVATE LIMITED

1st The Name of the Company is TAP SMART DATA INFORMATION SERVICES
PRIVATE LIMITED.

2nd The Registered office of the Company will be situated in the State of
Maharashtra, within the jurisdiction of Registrar of Companies, Mumbai.

3rd The Objects for which the Company is established are:

A. THE OBJECTS TO BE PURSUED BY THE COMPANY ON ITS INCORPORATION

ARE:

1. To carry on in India or elsewhere the business of electronic payment services using

POS, mobile phones, cards and internet, to design, manufacture and issuance of
various cards for facilitating payment such as credit cards, debit cards, prepaid
cards, RFID cards to carry on business of manufacture, installation and maintenance
of various types of cards reading devices such as point of sales devices Etm, Mobile
phone and to manufacture, develop, improve, design, analyses, sell, buy, distribute,
import, export, market, implement, consult and or license software for electronic
payment services and electronic equipments required for the same including
computer hardware, Radio-frequency Identification Devices (RFID), Pos Terminals
for Combined Data Multiple Access (CDMA) enabled devices, General Packet Radio
service (GPRS) enabled devices, Circuit Switched Data Service (GSM) enabled
devices, ETMs, other telecommunication enabled devices such as POS, Mobile
Handsets, Smart Phones and Accessories, GPS systems and other multimedia
equipments.

B. MATTERS WHICH ARE NECESSARY FOR THE FURTERANCE OF THE OBJECTS

SPECIFID IN CLAUSE 3 (A) ARE:

2. To carry on the business of designing, developing, assembling, integrating, installing,

configuring, commissioning, modifying, servicing, maintaining, repairing,
supporting, certifying, validating, verifying, importing, exporting, selling, reselling,
marketing, distributing, trading or dealing in systems, programs, products, articles,
solutions, goods, instruments, data related to computer software and hardware,
mechanical, electronic and electrical equipment and to provide consultancy and
services including turnkey projects in the fields of computer software development,
wallet developing own fleet of software products, computer related training,
computer networking, internet, e-commerce, net banking, content management,

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 databases, embedded systems, software deployment, hardware design,
development and deployment, data warehousing, data analytic services, project
management, e-consultancy, systems integration, digital certification, encryption,
computer security, network security, computer storage management, clustering,
grid computing, distributed systems, parallel systems, data-flow systems, high
performance computing, multimedia, bio-technology, bionics, artificial intelligence,
software and services, eLearning, programming languages, operating systems,
simulation, control systems, computer games, statistical sampling programs,
entertainment electronics & gaming programs, interactive systems, user interfaces,
internet access, and telecommunications.

3. To collect various database through third party vendors or consultants or public at

large, store and manage the same and publish the same on website or otherwise

4. To carry on the activity of establishing and running training centers and institutes
either in India or abroad to provide training in all kinds of software programmes,
special programmes like ERP, SAP advanced research studies in information
technology field and to publish, sell and distribute course material either in the print
or electronic media.

5. To act as agents, stockiest, distributors, franchisee holders for trading or dealing in

computer systems, peripheral, accessories, parts and computer consumables like
floppy disks, hard disks, continuous and non-continuous stationery, ribbons and
other allied products and things standard software packages and to undertake and
execute feasibility studies for computerization, setting up of all kinds of computer
systems and digital /electronic equipment's and the selection acquisition and
installation thereof whether for the company or its customers or other users;.

6. To buy, import, lease, hire machines, tools, equipments, accessories, and facilities
required for the objectives of the company.

7. To apply for tender, purchase or otherwise any contracts, sub-contracts, licenses

and concessions for or in relation to the objects or business herein mentioned or
any of them and to undertake, execute, carry out, dispose off or otherwise turn to
account the same.

8. To give franchises to persons/ parties and receive royalties, fees, considerations for
the same in India and abroad.

9. To develop design and maintain consistency in manufacturing & constant

upgradation of products from field feedback and proper integration with state – of –
art technology for the attainment of main object of the company.

10. To undertake research activities and to establish, provide, maintain, run research
institutions, laboratories, workshops and to arrange seminars, lectures, meetings,
conferences, libraries and such facilities necessary for attainment of the main object
of the Company.

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11. To publish books, magazines, pamphlets, circulars, journals, papers, periodicals
dealing with subjects of interest for the business of the Company and also to run and
manage schools, training centers and colleges to impart training in field of research
and consultancy.

12. To enter into contracts, agreements and arrangements with any other company,
firm, LLP, trust, Government, society, organization, institution, authority, concern
association of persons or individual for attainment of the objects of the Company.

13. To advance money with or without securities to such companies, firms or persons,
and on such terms as may seem expedient and in particular to the clients and others
having dealings with the Company and to guarantee the performance of contracts by
any persons, firms or companies, provided that, the Company shall not carry on the
Banking business as defined under the Banking Regulation Act, 1949.

14. To amalgamate, merge, compromise and collaborate with and to takeover any
Company, Partnership Firm, LLP whether registered or not, Association of Person,
Society, Trust, Undertaking having similar objects or to enter into Partnership, Joint
Venture or other arrangement, reciprocal concession with any person or company,
firm or other organization and undertaking.

15. To apply for, promote, obtain, protect and deal in any patent, patent right, copyright,
trademark, formulas, designs, licenses and concessions conferring any right.

16. To make or accept, gifts, bequests, donations, awards, prizes, scholarships,

fellowships and grants to deserving persons, institutions, employees authorities
necessary for the attainment of the main object of the Company.

17. To invest the surplus funds in shares, stocks, debentures, debenture-stock, bonds,
obligations and securities issued or guaranteed by any company constituted and
debentures, debenture-stock, bonds, obligations and securities issued or guaranteed
by any Government, Sovereign Rulers, Commissioners, public body, or authority
supreme, municipal, local or whether at home or abroad and in other investment in
such manner as the Company may think fit.

18. To borrow and receive money and to draw, make, accept, endorse, discount, execute
and issue negotiable instruments, debentures, deposit receipts, and
acknowledgments on such terms and conditions as may be thought fit.

19. To distribute among the members of the Company, any property of the Company in
the event of winding up of the company as per provisions of the Companies Act,
1956.

20. To appoint, remunerate and remove any directors, trustees, employees, executives,
experts, consultants, advisors and retainers for the business of the Company.

21. To create charge, mortgage, sale or otherwise dispose off any property as may be
thought expedient in the interest of the Company for the attainment of the main
object of the Company.

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 22. To create any Depreciation Fund, Reserve Fund, Sinking Fund, Insurance Fund and
such other fund for providing for depreciation, repairing, improving, extending or
maintaining the properties of the Company or for such purpose conducive to the
interest of the Company and to interchange the same.

23. To sublet and/or assign contracts as may be thought expedient for the attainment of
main Object of the company.

24. To agree to arbitration and refer to arbitration any disputes and to initiate and
institute and settle or take legal action and proceedings in connection with the
business of the Company and to defend the suits filed against the Company.

25. To give guarantee for performance of any contract or obligation and payment of
money and to indemnify other persons.

26. To establish and maintain or procure the establishment and maintenance of

pension, gratuity or superannuation fund or for other benefits of past and present
employees of the Company and their dependents and to do any and all such acts for
the benefit of the employees and their dependents.

27. To train or to pay for the training in India or abroad of any member or any of the
Company's employees or directors or any other candidates in the interests of and
for the furtherance of the company's business.

4th The Liability of the members is Limited and this liability is limited to the amount
unpaid, if any, on the shares held by them.

5th The authorized share capital of the Company is INR 10,92,530/- (Indian Rupees Ten
Lakhs Ninety-Two Thousand Five Hundred and Thirty only) divided into 1,01,253
(One Lakh One Thousand Two Hundred and Fifty-Three) Equity Shares of INR 10/-
(Indian Rupees Ten only)1 each 2 and 8,000 (Eight Thousand only) Series B1 CCPS of
INR 10/- each (Indian Rupees Ten only)34.

6th We, the several persons whose names and address are subscribed, are desirous
of being formed into a company in pursuance of this Memorandum of
Association and we respectively agree to take the number of shares in the share
capital of the Company set against our respective names.

1
Amended vide Ordinary Resolution passed by the Members of the Company at the Extra Ordinary General
Meeting held on Monday, May 15, 2017
2
Amended vide Ordinary Resolution passed by the Members of the Company at the Extra Ordinary General
Meeting held on Monday, December 04, 2017
3
Amended vide Ordinary Resolution passed by the Members of the Company at the Extra Ordinary General
Meeting held on Thursday, April 11th, 2019.
4
Amended vide Special Resolution passed by the Members of the Company at the Extra Ordinary General
Meeting held on Thursday, May 8th, 2019.