This Loan Agreement is executed on date <date>

Between

M/s Axle Engineering Pvt. Ltd. (PAN: ___________), R/o: Behind VCCI Building, Mukhtyar Ganj, Satna (M.P.)
– 485001, hereinafter referred to as the Lender which expression unless repugnant to the context shall mean and includes
its legal representatives, assignee, nominee(s) and administrator;

And

M/s Axle Engineering Pvt. Ltd. (PAN: ___________), R/o: Behind VCCI Building, Mukhtyar Ganj, Satna (M.P.)
– 485001, hereinafter referred to as the Borrower which expression unless repugnant to the context shall mean and
includes its legal representatives, assignee, nominee(s) and administrator;

Both parties agree on terms and conditions hereinafter contained

1. The Lender agrees to lend to the Borrower a sum not exceeding ₹ <amount> for a period of <tenure> months,
the Borrower accepts the loan and agrees to repay the amount in accordance with the terms and conditions set
out in this Agreement.

2. Application of the loan fund is to finance the initial costs involved in tendering process, to obtain work orders,
including Earnest Money Deposit amount and other expense (if any).

3. The Borrower agrees to pay interest/return and additional charges payable on the Loan as follows:
(a) The Loan will carry no fixed interest as agreed by the parties in terms of this Loan Agreement.
However, amount of loan will be invested in one or more agreed upon project(s)/tender(s) and 50% of
the net profits from such project(s)/tender(s) will be granted to lender as his return on investment.

Such share in profit will be paid only after final accounts of the borrower has been audited.

(b) Separate account and financial data will be maintained w.r.t. such project(s)/tender(s) in which lender
is financially interested and the said data will be available to lender for inspection during office hours
of borrower.

(c) The Borrower shall re-pay the principal and any other outstanding amount (if any) only after EMD is
realised from the party. Such repayments of Loan shall continue until the date of complete repayment
of loan.

(d) Borrower at his own discretion and upon payment of due principal to the Lender can foreclose his
loan after three months from the date of this agreement. In such an event, the Borrower shall remain
bound to pay all charges due to lender as the case maybe. Post the payment of dues by the borrower
the agreement will stand cancelled.

4. The Lender shall disburse a sum equal to INR <amount> to the Borrower’s account within 7 days of
execution of this agreement

5. The Borrower shall utilise the said Loan only for the purpose as stated in the agreement and the loan shall not
be utilised for any other purpose.

6. The Borrower hereby agrees and gives consent for the disclosures by the Lender of all or any such;
(e) Information and data relation to it;
(f) The information or data relating to any credit facility availed of / to be availed by it
(g) The Borrower declares that the information and data furnished by it to the Lender are true and correct.

7. The Lender shall bear and pay all costs, charges and expenses, including stamp duty and legal costs on actual
basis and other charges and expenses which may be incurred in preparation of these presents and related to
and or incidental documents and enforcement of the rights of the Lender there under or any other document
security created / executed by the Borrower in favour of the Lender.

8. Borrower hereby, confirms that any changes in Residence address, Permanent Address, organization structural
changes relating to its constitution, will intimate to lender within 3 working days.
 9. If any provision of this agreement is illegal, invalid or unenforceable for any reason, it will be severed from
the remaining provisions which will remain unaffected.

10. The lender is advised to astutely assess all apparent risks and expected benefits before investing.

11. Borrower confirms that all the rights vested in the lender will be granted to the nominee as per the agreement
in the physical absence of the lender to claim the principal and the accrued interest/return outstanding as the
case maybe.

12. The lender and the borrower will maintain confidentiality of the personal information of either parties which
is disclosed in this agreement and any unauthorised disclosure will make the discloser liable for damages.

Lender’s Details
Name:
PAN: 1st Witness’s Details
Address: Name:
Signature: PAN:
Address:
Signature:

Nominee details
Name:
PAN:
Address: 2nd Witness’s Details
Signature: Name:
PAN:
Address:
Signature:
Borrower’s Details
Name:
PAN:
Address:
Signature: