Heramba Holdings, Inc., a subsidiary of Heramba Electric, has entered into a loan agreement with an unaffiliated third-party investor on July 10, 2024. The agreement involves an unsecured note with a principal amount of $800,000, bearing an interest rate of 5% per annum. The note will mature on April 27, 2025.The loan agreement includes customary default provisions, with the unpaid principal balance becoming immediately due and payable upon written notice following any event of default. The note was issued under Section 4(a)(2) exemption of the Securities Act of 1933. The investor is also party to a non-redemption agreement with Project Energy Reimagined Acquisition Corp.

Heramba Holdings, Inc., a subsidiary of Heramba Electric, has entered into a loan agreement with an unaffiliated third-party investor on July 10, 2024. The agreement involves an unsecured note with a principal amount of $800,000, bearing an interest rate of 5% per annum. The note will mature on April 27, 2025.The loan agreement includes customary default provisions, with the unpaid principal balance becoming immediately due and payable upon written notice following any event of default. The note was issued under Section 4(a)(2) exemption of the Securities Act of 1933. The investor is also party to a non-redemption agreement with Project Energy Reimagined Acquisition Corp.