This memorandum of understanding was entered on December 27, 2016 in Chennai between Mr. Janakiraman and Dr. Karthik Parthasarathy. Mr. Janakiraman agreed to pledge his property located in Thaiyyur B-Village Chengalpet Thaluk, KancheepuramDistrict comprising 7 acres of land to obtain a term loan for the development of Dr. Parthasarathy Memorial Hospital. In return, Dr. Karthik Parthasarathy agreed to repay the loan in full based on revenue generated by the hospital. Any disputes between the parties would be settled under the jurisdiction of Chennai courts.