Exhibit 10.7.1
December 20, 2013
The Board of Directors
TV18 HSN Holdings Limited
10, Diomidous Street
Alphamega Akropolis Building,
3rd Floor, Office 401, 2024 Nicosia
Cyprus
Dear Sirs,
We, Network18 Media & Investments Limited (as the majority shareholder of TV18 HSN Holdings Limited), hereby irrevocably agree that in the event that TV18 HSN Holdings Limited (‘the Company”) fails to arrange the required finances, we shall directly provide to TV18 Home Shopping Network Limited (subsidiary of the Company), such financial support as is necessary to enable TV18 Home Shopping Network Limited to fulfil all its obligations incurred up to and including 30 September, 2014.
Yours faithfully,
For Network18 Media & Investments Limited
/s/ R D S Bawa
R D S Bawa
Group CFO – Network18
Network18 Media & Investments Limited
Corp. Office : Express Trade Tower, Plot No. 15-16, Sector-16A, Noida, Uttar Pradesh - 201301, India
T +91 120 434 1818, 398 7777 F +91 120 432 4107 W www.network18online.com
Regd. Office : 503, 504 & 507, 5th Floor, “Mercantile House”, 15, Kasturba Gandhi Marg, New Delhi -110 001, India