LOAN CONTRACT

THIS LOAN AGREEMENT (this "Agreement")

BETWEEN:

__________ of ______________________________________

(the "Lender")

AND

__________ of ______________________________________

(the "Borrower")

IN CONSIDERATION OF _ Lender loaning certain monies (the "Loan") _ the Borrower, _ the Borrower repaying _ Loan _ the Lender, both parties agree _ keep, perform _ fulfill _ promises _ conditions set out in this Agreement:

Loan Amount & Interest

The Lender promises _ loan $____________________USD _ the Borrower _ the Borrower promises _ repay this principal amount _ the Lender, without interest payable _ the unpaid principal, beginning _ ......, 202....

Payment

This Loan will be repaid in full _ ......, 202...

Default

Notwithstanding anything _ the contrary in this Agreement, if _ Borrower defaults in _ performance of any obligation under this Agreement, then _ Lender may declare _ principal amount owing under this Agreement at that time _ be immediately due _ payable.

Governing Law

This Agreement will be construed in accordance with _ governed by _ laws of _ State of ................

Costs

The Borrower shall be liable for all costs, expenses _ expenditures incurred including, without limitation, _ complete legal costs of _ Lender incurred by enforcing this Agreement as a result of any default by _ Borrower _ such costs will be added _ the principal then outstanding _ shall be due _ payable by _ Borrower _ the Lender immediately upon demand of _ Lender.

Binding Effect

This Agreement will pass _ the benefit of _ be binding upon _ respective heirs, executors, administrators, successors _ permitted assigns of _ Borrower _ Lender. _ Borrower waives presentment for payment, notice of non-payment, protest, _ notice of protest.

Amendments

This Agreement may only be amended _ modified by a written instrument executed by both _ Borrower _ the Lender.

Severability

The clauses _ paragraphs contained in this Agreement are intended _ be read _ construed independently of each other. If any term, covenant, condition _ provision of this Agreement _ held by a court of competent jurisdiction _ be invalid, void _ unenforceable, it _ the parties' intent that such provision be reduced in scope by _ court only _ the extent deemed necessary by that court _ render _ provision reasonable _ enforceable _ the remainder of _ provisions of this Agreement will in no way be affected, impaired _ invalidated as a result.

General Provisions

Headings are inserted for _ convenience of _ parties only _ are not _ be considered when interpreting this Agreement. Words in _ singular mean _ include _ plural _ vice versa. Words in _ masculine mean _ include _ feminine _ vice versa.

Entire Agreement

This Agreement constitutes _ entire agreement between _ parties _ there are no further items _ provisions, either oral _ otherwise.

IN WITNESS WHEREOF, _ parties have duly affixed their signatures under hand _ seal _ this

SIGNED, SEALED, _ DELIVERED

this ________ day of ________________, ________.

   

_____________________________

     

SIGNED, SEALED, _ DELIVERED

this ________ day of ________________, ________.

   

_____________________________

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