Vantage Knowledge Academy Limited has entered into the Memorandum of Understanding ("MOU") with NEEV CREDIT LIMITED (a Non-Banking Finance Company) (hereinafter referred as "Neev") wherein Neev has offered to grant financial assistance (in the form of rupee loans) to parents of students studying at the Educational Institute, or to the students studying at the Educational Institute which loans are to be utilized towards payment of the aggregate course fee payable by the Borrowers to the Educational Institute during an academic year as per the schedule of fees and charges determined by the Educational Institute. The Company believes that the Program will benefit the Borrowers and has agreed to implement the same at the Educational Institute. Therefore, Neev with the Company has entered into MOU to record their understanding with respect to the implementation of the Program at the Educational Institute and their mutual rights and commitments with respect thereto.