Hitesh

1. Normally entrenchment provisions are agreed in Articles of Association in joint venture companies or private placement of shares to minority holder through agreements. 2. The example of entrenchment provisions are (i) the shareholders resolutions must be agreed by all the members of the Company. (ii) The present of one director of each part is mandatory for the Board Meeting. (iii) Any shareholders resolutions must be agreed by the majority of the minority shareholders etc. 3. the extent is decided among the shareholders/jv partners.