m square yards = India’s Largest Integrated Real Estate and Mortgage aL ae) aa FF 1:How it Works? Expression of Interest Investor fills in the EOI form and transfers the initial installment amount to Square Yards account ‘n & Investment ‘Amount yv 4 Interest due & PDC Dates 9 s Return of security PDC. > > Allotment Final Handover Agreement of PDCs Copy PCs for the principal amount of installment Square Yards ‘A final agreement copy shall be handed over once acknowledges the would be sent to the the respective amounts receipt of the investor within 10 are received transferred amount ‘working days of receipt MPDCs for the quarterly and sends an of the application form, interests shall be handed application form link to for review and over after the payment of the client electronic signing the last installment, o a Payment Schedule »> The period for quarterly interest for an installment would start from the date Square Yards Holding Limited receives 100% amount towards that instalment from the investor 4 »> Amount to be paid by the investor in equivalent USD value of the Installment »> Transfer charges if any during the transaction other then receiving bank charges to be borne by the investor Assumed Interest Start Date: 1 Dec 2020 Payout Date Security PDC Date ‘Amount or (PDECROa0 Ee) 2 [fwanaoa) —J oa [Fana07) (se 2001 } Hell Interest at pppicabie | PABA (occ) =a Rate per os [rbec2021 [Frias 2022] (31500 ] ‘Quarter Dt - 1 (awa) (Fara) 2 [sep 2023 (oec 2023 ‘$1500, 1 [Foeczon (wan 7024) Titonteate] — [Panzoae) $15,000 (ratarent) fast installment {$15,000 (Instaiment 2), Ay l $26,338 (hstalinent 3 tinirestRedemption {semay be the case unt the apple Payout Ste Premium) »> Interest payments will be made online on the payout due ~All amounts shall be paid in US. Dollars ~ Sender's bank charges & intermediary bank charges shall be borne by the company = Any currency conversion charges and receiving bank charges shall be borne by the Note Holder »> Note holders are expected to cancel and return the PDC due for the next quarter interest Immediately on the receipt of the online interest payment for the previous quarterFrequently Asked Questions What is a Convertible Note? How does it work? ‘A Convertible Nate is shortterm debt given to the issuer company by an investor for a fixed term at a pre-determined coupon tate (Interest rate) with an option to convert the loan amount into equity at a specific milestone, often at the valuation of a later funding round. In other words, investors loan money to @ company, and then start receiving interest on that meney at regular intervals. In Square Yards structure, on reaching the funding milestone, investor can convert the loan amount into equity stock (shares) of the Issuer company or get a repayment of the loan. If the Investor does not opt for equity option, he/she gets invested money back with a redemption premium as applicable. I am investing in currency other than USD, in which currency Vl get my returns and what would be the applicable exchange rate? ‘The convertible instrument is USD denominated only. The investment amount can be paid in any currency, but the company would give credit for the exact USD amounts credited in its bank account. All applicable transaction charges for the payment of 100% of the subscription amount must be borne by the Investor Similarly, the coupon shall be paid by the Company in USD and would get credited into the accounts of the Investors post conversion based on the prevalent exchange rate. Sender's bank charges & intermediary bank charges for the transfer of the interest shall be borne by the Company but the exchange rate fluctuation risk and receiving bank charges shall be borne by the Investor. What are the different types of transfer charges applicable on my transaction? Please note that in any international transfer, 3 types of charges apply: 4. Sender's bank charges, 2, Intermediary bank charges, and 2. Receiver's bank charges Receiver's bank charges must always be bore by the receiver as the sender can never bear that (there are no systems for that). For the other 2 charges - Sender's bank charges and Intermediary bank charges, the following would apply: For paying the investment amount, the investor would bear both the charges, ie. Sender's bank charges, and Intermediary bank charges, For paying the coupon amount, Square Yards would bear both the charges, ie. Sender's bank charges, and Intermediary bank charges How would the quarterly returns be paid to investor? Quarterly returns would be paid to the investor via online mode of payment. However, for Security purpose, 14 PDC cheques will be Issued to the client - 1! cheques for the 11 quarter interest Payments and 3 cheques for the Principal amount of the 2 instalments and last quarter interest + principal of the 3rd Installment + redemption premium respectively. These PDCs would be dated with a lag of 3 months ie. PDC for the first quarter would be dated 2 months after the first interest payment date. From which all countries will Square Yards issue PDCs cheques? ‘Square Yards will ssue PDCs from UAE based of India based banks only, Lam a Non-Resident Indian (NRI). Can | invest through my NRE/NRO account? INRis can invest through their local account in respective foreign country of residence. However, any investment from their NRO account shall be under the LRS route and would need the relevant filngs/reporting with RBI What would be the tax treatment of returns? Tax on returns would be governed by applicable local tax laws In respective countries. Investors are liable to pay taxes on these returns individually to thelr respective tax authorites, Square Yards would not deduct any kind of withholding tax while making the payment of the coupon or the final redemption. Can I change the account in which we are receiving the returns. uring the 3 years? Yes, as long as the account is in the name of same account holder. The investor needs to give Square Yards a written notice to this effect with relevant documents. We would update the bbank details in our systems within 7 working days. Tam a Non-Resident Indian (NRI) currently but plan to return to India within next 3 years, How would you pay my returns in India? On return to India, the returns payment would be credited to the Indian Savings Account and would be subject to local tax laws. What will be the currency conversion rate during interest payout? Will t be the same as the time of investment? We would endeavour to pay the interest in USD only. However, If the investor choses to receive the interest payout in a on-USD account and we also transfer the amount from a non-USD account then the currency conversion rate would vary according to prevailing rate during payout, For example, if the payouts due for fst Seatember 2018 and we make the payment before the date (e.g, 29th August 2018), we would use the currency rate as on the actual payment date (.e,, 29th August 2018). if we make the payment after tst September 2018, the currency rate would be considered as of 1st September 2018. The reference rate would be as published by www.canda.comFrom which date my returns start accruing? Returns will start accruing from the date upon which Square Yards receives the full payment of the respective installment ‘amounts from the investor What happens at Square Yards at the next round of institutional funding? At the time of Instituional funding round, Investor will get an ‘option to convert the invested amount into equity stock (shares) ‘of the company at a 10% discount to the Instituional funding round valuation of Square Yards. In this case, investor will become shareholder of the company. Interest payments will stop once the noteholder chooses the conversion option. No redemption premium shall be payable in case of conversion into ‘equity. What if investor chooses not to convert to equity? Ifthe investor doesn’t convert into equity option at Insttutional funding round, then the instrument would be redeemed and the Investor shall be paid the full principal amount along with the accrued but unpaid interest and the redemption premium at the rate of 3% p.a. pro rata for the period of holding the instrument Can part conversion be allowed at the time of Instituional funding round? Yes. Investor can choose the amount to be part converted to ‘equity and rest can be redeemed. In such case the redemption premium will be payable only on the part that is redeemed and rot on the part that is converted What happens at the end of tenure? At the end of term (maturity date — 3 years from the date of last installment), investors can apply to redeem the principal ‘outstanding amount. On redemotion, we will pay back the principal outstanding amount along with a redemption premium of 3% per annum. Can we redeem the investment before the maturity? Investors cannot request redemption before the maturity However Square Yards retains the right to early terminate the ‘agreement and redeem the instrument at any time by paying (a) the outstanding princioal amount; (b) the outstanding accrued but unpaid interest; and (c) Pro-rata redemption premium of 3% pa hich all documents will | be required to provide as part of appli- cation? ‘The client needs to provide the following documents as part of application: = Passport Copy (Front & last page) = Permanent Address Proof = Correspondence Address Proof (if different from permanent address) - Cancelled cheque/ Bank Statement Can | opt for banking PDCs given as security by Square Yards and instead refuse to receive interest payment online? No. The PDC are providing solely for the purpose of security to the Investors and the Investor cannot bank the PDCs except in case of default. Are whole/part third party transfers allowed for making payment for selected unit of investment? No. There cannot be any thirc-party transfers towards the investment amount. Can | add a co-applicant and/or nominee to the investment? Maximum one co-applicant and one nominee can be added at the time of filing up the Application form. Can | receive fulljpart interest payment in co-applicant's account? Yes, the full interest can be received in the applicant's or co-ap- plicant's account, However, the payout cannot be split between the 2 accounts. Can | receive interest payment in a third-party account? No, interest can only be received in an account in the name of the Investor or co-applicant only, How will the interest payments get affected with respect to taxation if change my country of residence during the 3 years period? Square Yards shall not deduct any taxes or withholding tax ltrespective of the country of residence of the Investor. Howev- er, the actual taxation on the interest earnings shall depend on the prevailing taxation laws in the Investor's county of residence. ‘What is the applicable governing law? All agreements shall be governed by and construed in accor dance with the laws of Singapore How do | make my payment transfer? Payment needs to be made through online transfer to the following bank details. Name: Square Yards Holding Limited Address: Harneys Corporate Services Limited, Craigmuir Chambers, PO Box 71, Road Town, Tortola Registration No. {if any): 1818698 ‘Square Yards Holding Limited BankName | _CitbankNA, Singapore Branch ‘Address 8 Marina View #97-01 Asia Square Tower 1, Singapore 018960 Currency usp ‘AccountNe, | 0865082008 Bank Code 728 Branch Code | _ 001 ‘SWIFT ciTisGseccem square yards @ Australia @ Bahrain © Canada © India © Kuwait © Oman © Qatar @ Saudi Arabia @ UAE India Presence Bengaluru | Gurugram | Hyderabad | Lucknow | Mumbai New Delhi | Noida | Pune | Vijayawada | Vishakhapatnam Our Group Brands sown JARE EWae | CAPITAL INECT aZuro cwoe Square Yards Holding Limited CCraigmuir Chambers, Road Twn, Tortola, VG 110, British Virgin Islands | Reg No. 1818698. ‘othr the Corpary can gros acura a xh narraonrx hs Paper wint eseneelers par sss ech natn ae