Canbank Venture Capital Fund Limited ("Investment Manager") is launching a scheme of the Trust, i.e., Empower India Fund as the ("Fund").

The Fund's investment objective is to generate superior and consistent risk-adjusted returns and long-term capital appreciation for its investors by primarily investing into equity, quasi equity, equity linked instruments, warrants, debt, convertible/non-convertible debt instruments and other instruments such as preference shares, conditional/convertible/non-convertible debentures of Indian enterprises as permitted under the AIF Regulations. The Fund is a sector agnostic fund and may invest inter alia in mid and late stage enterprises with an option to invest in start-up enterprises, small & medium enterprises and early stage companies.

Prospective investee companies seeking investment from fund need to submit initially a brief information note in the format made available in Downloads.

The Fund's investment process/work plan will include:

The Investment Manager will screen the proposals received from prospective investee companies and select/ identify/ recommend the eligible proposals. The Investment Manager will undertake the preliminary screening of the prospective investee companies through the in-house team of the Investment Manager.

The shortlisted prospective investee companies will be placed before the Proposal Scrutiny Committee (PSC) for evaluating the preliminary investment proposals and reports as prepared by the Management Team based on its preliminary due diligence on the proposed portfolio company.

Non-Binding-Term Sheet Upon approval by the Proposal Scrutiny Committee, the Investment Manager shall issue the nonbinding Term Sheet to the prospective investee company covering the terms of investment. The matter is taken to the next stage for the purpose of detailed due diligence upon acceptance of the Non-Binding Term Sheet within the time frame by the prospective investee company.

The Investment Manager shall get the detailed due diligence done by assigning the exercise to one of the empanelled due diligence agencies The due diligence shall entail an assessment of the management team, business plan, the system & process in place, compliance of legal &statutory regulations, the target market, the potential competitors and a thorough review of the business model.

The due diligence process is normally categorized into the following main heads viz.

• Financial, Accounting and Taxation
• Commercial & Valuation
• Legal & Secretarial Compliance

After the due diligence the proposal shall be forwarded by the Investment Manager to the Investment Committee for its final approval or otherwise.

The investment proposals along with recommendations of the Investment Manager, Proposal Scrutiny Committee and the findings of the due diligence will be placed before the Investment Committee for its final sanction/ decision.