Exhibit
10.15


 


Macquarie
Corporate Holdings Pty Limited


ABN
54 096 705 109


A
Member of the Macquarie Group of Companies


 


	50
    Martin Place	Telephone	+65
    6601 0562
	SYDNEY
    NSW 2000	 	 
	GPO
    Box 4294	Internet	www.macquarie.com.au
	SYDNEY
    NSW 1164	 	 
	AUSTRALIA	 	 


 


31 July 2015


 


STRICTLY CONFIDENTIAL


 


	Yatra Online, Inc.	
	c/o Yatra Online Private Limited
	1101-03, Tower B
	11th Floor, Unitech Cyber
    Park
	Section – 39, Gurgaon –
    122 001
	India


 


Attention: Darpan
Batra


GM,
Corporate Affairs & Legal


 


Dear Sirs,


 


Amendment
to Loan Agreement


 


We refer to
the term loan agreement (the “Loan Agreement”) between Yatra Online, Inc., as borrower (the “Borrower”)
and Macquarie Corporate Holdings Pty Limited, as lender (“Lender”) dated 24 July 2015.


 


Unless otherwise
stated, defined terms in the Loan Agreement used herein shall have the meanings given to them in the Loan Agreement.


 


In consideration
of the mutual covenants herein and for other valuable consideration, the receipt and sufficiency of which is acknowledged, it
is agreed that the definition of “Interest Period” in Section 1.1 of the
Loan Agreement shall be amended to read as follows:


 


““Interest
Period” means:


 


		(a)	initially,
                                         the period commencing on the Borrowing Date and ending on the last day of the calendar
                                         month in which such Borrowing Date occurs; and



 


		(b)	thereafter,
                                         each period commencing on the day the preceding Interest Period expires and ending:



 


		(1)	on
                                         the last day of the immediate following calendar month, or



 


		(2)	if
                                         such preceding Interest Period already extends into the immediate following calendar
                                         month under proviso (i) below, on the last day of that calendar month;



 


provided
that, the foregoing provisions shall be subject to the following:


 


		(i)	if
                                         any Interest Period would end on a day that is not a Business Day, such Interest Period
                                         shall be extended to the next succeeding Business Day;



 


 






 


Macquarie
Corporate Holdings Pty Limited is not an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth
of Australia), and its obligations do not represent deposits or other liabilities of Macquarie Bank Limited ABN 46 008 583 642.
Macquarie Bank Limited does not guarantee or otherwise provide assurance in respect of the obligations of Macquarie Corporate
Holdings Pty Limited.


 




     


     


    

 


		(ii)	no
                                         Interest Period shall extend beyond the Maturity Date; and



 


		(iii)	the
                                         Borrower shall not be charged interest twice in respect of the same Loan on any given
                                         day.”



 


The above amendment
shall take effect from the date of the Loan Agreement and, save as so amended, the Loan Agreement shall remain in full force and
effect in all respects. Any reference to the Loan Agreement in any Loan Document shall be construed as a reference to the Loan
Agreement as amended hereby.


 


This letter
agreement is a Loan Document and may be executed in any number of counterparts, each of which when so executed shall be deemed
to be an original and all of which when so executed shall constitute one and the same letter agreement.


 


This letter
agreement and the rights and obligations of the parties hereto shall be governed by, and construed in accordance with, the laws
of the State of New York.


 


Please acknowledge
receipt and indicate your acceptance of this letter agreement by signing the attached copy of this letter agreement and returning
an original to us.


 


Yours
sincerely,


Macquarie
Corporate Holdings Pty Limited


 


	/s/ Anupam Garg	/s/ Colin Wu
	Anupam Garg	Colin Wu
	Attorney, Senior Managing Director	Attorney, Associate Director
	Macquarie Capital	Macquarie Capital


 


Accepted for
and on behalf of Yatra Online, Inc. by
the signatory below who warrants that he is duly authorised by Yatra
Online, Inc. to enter into this letter agreement on its behalf:


 


	/s/ DHRUV SHRINGI
	Signature
	 
	DHRUV
    SHRINGI
	Name
	 
	CEO
	Position Held
	 
	05/08/2015
	Date