Jan 10, 2018· /2017 Page 13 of 17 B Wing, Ahura Centre, 2nd Floor, Mahakali Caves Road, Andheri (East), Mumbai 400 093 Dear Sirs, Re: Invocation of Bank Guarantees by Lenders We refer to the Escrow Agreement dated executed between UltraTech Cement Limited, Jaiprakash Associates Limited and ICICI Bank Limited ("Escrow Agreement").