Exhibit 10.23
KAMAL HIRANANDANI
Add: 514, Dalamal Towers, 211 FPJ Marg, Nariman Point Mumbai MH 400021
Date: 28th March 2024
To,
NMDC Data Centre Private Limited,
5th Floor, Scorpio House, Hiranandani Gardens,
Powai, Mumbai, Maharashtra 400076
Sub: Terms of unsecured loan given /to be given to NMDC Data Centre Private Limited.
Dear Sir,
We refer to our mutual discussion and understanding in connection with the requirement of loan for business purposes and other working capital requirement of NMDC Data Centre Private Limited, ('the Company'). Accordingly, this is to put on record our understanding in relation to the loan advanced to/ to be advanced to the Company:
| Amount of Loan | Unsecured loan should not exceed at any point of time INR 500 Crore (Unsecured). |
| Repayment Mode | This is repayable at the option of the borrower. |
| Interest rate | Nil |
In the event of default or dispute in respect of any of the above terms, the same shall be subject to exclusive jurisdiction of the appropriate Court in Mumbai, irrespective of the place of the registered office of your company and that the cause of action shall be deemed to have arisen in Mumbai.
If you are agreeable to the above terms and conditions, please sign through your duly authorized representative as token of your acceptance.
Kindly Note that my Income Tax Permanent Account Number is AAAPH1096F.
| Yours Faithfully, | Accepted all the above terms and Conditions. |
Mr. Kamal Hiranandani
| For NMDC Data Centre Private Limited
Mr. Viral Shah Director DIN:08572761 |
