ANNEXURE – C: STATEMENT OF LIMITATIONS We have not undertaken any due diligence or audit of the information provided to us. The accuracy of such information is the sole responsibility of the management of the Company. The purpose of the valuation is to assist the shareholders in making an informed decision regarding its investment in the Company. This report is not intended to provide a fairness opinion or any other conclusions other than those expressly described. This report may not be provided to or used by any parties other than the Shareholders of the Company without our prior authorization. Draft of this report has been reviewed by the management of the Company, who have confirmed that the facts stated, so far as they are aware, are accurate in all material respects and that they are not aware of any material matters relevant to our terms of reference which have been excluded. We consider the values set out in this report to be reasonable and supportable based on the information provided to us and the assumptions made. We recognize that there is a degree of judgment in arriving at these values and other values may not arrive at the same results.