LOAN AGREEMENT THIS LOAN AGREEMENT (the Agreement) is made and entered into upon the [date e.g.

16th] day of [month and year] (the Effective Date); BETWEEN: 1. [Name of the borrower], a company incorporated in [country] with registration number [number] and registered office [registered office address] (the Borrower); and 2. [Name of the lender], a company incorporated in [country] with registration number [number] and registered office [registered office address] (the Lender). [Note that to add an individual rather than a company, their full name and address should be entered] The above named shall collectively be known as Parties, and each a Party. WHEREAS: The lender wishes to lend to the borrower, and the borrower wishes to borrow from the lender, a sum of money, on the terms and conditions of this Agreement. IT IS HEREBY AGREED as follows: 1. 1.1 Definitions and Interpretation In this Agreement (including the Recitals), except to the extent that the context otherwise requires, the following terms shall have the meanings set forth below: Loan Balance means the sum of [state the amount of the loan in numbers and words e.g. 10,000 (ten thousand Pounds Sterling)]; Repayment Dates means the [day of the month e.g. 28th] day of each calendar month and continuing until the entire Loan Balance and any Interest (defined below) accrued thereon has been paid by the Borrower to the Lender or such other dates as may be agreed in writing between the Parties. 1.2 In this Agreement, unless the context otherwise requires: (a) (b) words importing the singular include the plural and vice versa, words importing a gender include every gender; references to a person shall be construed as including references to an individual, firm, issuer, corporation, unincorporated body of persons or any state or any agency thereof; any reference to a statutory provision shall include such provision and any regulations made in pursuance thereof as from time to time modified or re-enacted; headings are for convenience of reference only and shall not affect the interpretation of this Agreement.

(c)

(d)

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2. 2.1

Loan Balance The Lender agrees to provide the Borrower with the Loan Balance in cash immediately upon request. Interest The Parties agree that interest (the Interest) shall accrue monthly at the equivalent to an annual interest rate of [annual interest rate %]. The Interest shall accrue on the remaining unpaid balance of the Loan Balance (calculated as the Loan Balance minus total repayments made excluding interest) from the Effective Date until the date the Loan Balance is repaid in full. Repayment The Borrower agrees to repay to the Lender the Loan Balance together with Interest in accordance with clause 3 in [number] equal monthly instalments on the Repayment Dates, with the first Repayment Date being [date the first repayment instalment should be made]. The Borrower may repay to the Lender the Loan Balance partially or in full prior to the agreed Repayment Dates. The Borrower shall inform the Lender of an intended early payment with at least [number] days' prior notice.

3. 3.1 3.2

4. 4.1

4.2

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