PROMISSORY NOTE

THIS PROMISSORY NOTE (the ‘Note’) dated this 27th day of July, 2021.

Vidyardi Institutions Pvt. Ltd.

of
Ira Reality, Anvaya Conventions Road, Financial District,
Gowlidoddi, Nanakaramguda, Hyderabad - 500032, Telangana, India
(Party 1)

Hereby acknowledges the due of 2500000 Indian Rupee (INR)

- To -

Marcamor Consulting Pvt. Ltd.

Of
Flat: 501, Hardik’s SaiVishranthi Apartments,
Plot no. 9,10, Gafoor Nagar,Madhapur,
Hyderabad
(Party2)

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1. PROMISE OF PAYMENT

FOR VALUE RECEIVED, The Borrower hereby promises to pay to the Lender at
Hyderabad, Telangana or at such other place, or to such other party, as the Lender may
from time to time designate in writing, the principal sum of 25,00,000 Indian Rupee
(INR).

2. INTEREST RATE

The annual interest rate on the matured, unpaid portion of the principal sum will be the
lesser of:

i.) 18%; and

ii.) The maximum rate permissible by the law, calculated yearly not in advance.

3. SCHEDULE OF PAYMENTS

The Borrower will repay the Lender in full on January 31st, 2022.
The Borrower agrees to provide postdated cheques as on this date and is bound to
honor the payment as on the dates mentioned. Upon default, the Lender shall proceed
to the court of law.

Upon payment in full of the balance owing on this Note, this Note shall be surrendered
to the Borrower for cancellation.

4. DEFAULT AND ACCELERATION

Notwithstanding any contrary statements contained in this Note, if the Borrower

defaults on payment of this Note or any other obligation set forth herein, and the
default continues after the Lender notifies the Borrower of the default and the period
within which it must be corrected, as may be required by law, then the Lender may
declare the unpaid principal balance, and any accrued interest, immediately due and
payable.
The borrower agrees to provide an Equity of 5% in Vidyardi Institutions Pvt. Ltd.
In case of defaulting the payment beyond the agreed period as mentioned above.
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5. PRE-PAYMENT

Notwithstanding situations in which the Borrower has defaulted on payment of this

Note, the Borrower reserves the right to prepay this Note, in whole or in part, without
further bonus or penalty.

In Witnesses there of

1. Kuldeep Singh Sudhakar Reddy Mudem(Party 1)

On Behalf of Vidyardi Institutions Pvt. Ltd

2. ________________ Sandeep Tekkali (Party 2)

On behalf of Marcamor Consulting Pvt. Ltd.

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