1. A minimum working capital of Rs: 10,000,000/- (Rupees Ten Million only) or equivalent thereof in U.S. Dollars would be required for commencement of Franchise full-fledged Exchange House while a minimum working capital of Rs: 20,00,000/- (Rupees Two Million only) or equivalent thereof in U.S. Dollars would be required for commencement of Franchise Currency Exchange Booth (CEB). The Applicant must therefore substantiate his financial soundness, his ability to invest such minimum amount and the source from which such funds would be raised by him, if the License is granted. The minimum capital requirement shall be subject to change from time to time with mutual consent of both parties depending upon the development and growth of the Franchisee’s business.

2. A non-interest bearing security deposit of an amount as may be prescribed by KKI shall be deposited with KKI before the commencement of the Licensee’s operations, as security for due performance by the Franchisee of its obligations under the Franchise Agreement. The amount will be indicated in the Franchise Agreement. KKI shall have the right to increase the amount of security deposit from time to time, depending upon the business development and growth and the extent of the risk and exposures involved. The security deposit will be refundable upon the termination or revocation of the Franchise, subject to KKI’s right to make any deductions or adjustments against any claims which KKI may have against the Franchisee. No interest, profit or mark-up whatsoever shall be payable to the Franchisee on the security deposit amount.