Amount and Term of Loan. 1.1. Party A agrees, subject to the terms and conditions of this Agreement, to extend a loan to Party B (the "Loan"). The amount of the Loan shall be US$ 150,000. The interest rate agreed upon shall be 10% per year payable at the end of each twelve month period from the date of execution.
Appears in 2 contracts
Samples: Loan Agreement (Phoenix Energy Resource Corp), Loan Agreement (Exotacar, Inc.)
Amount and Term of Loan. 1.1. Party A agrees, subject to the terms and conditions of this Agreement, to extend a interest-free loan in USD to Party B (the "Loan"). The amount aggregate amounts of the Loan shall be US$ 150,000. The interest rate agreed upon shall be 10% per year payable at the end of each twelve month period from the date of executionUSD 32,500.00.
Appears in 1 contract
Amount and Term of Loan. 1.1. Party A agrees, subject to the terms and conditions of this Agreement, to extend a loan in USD at an annual interest rate of 12% to Party B (the "Loan"). The amount of the Loan shall be US$ 150,000. The interest rate agreed upon shall be 10% per year payable at the end of each twelve month period from the date of executionUSD 285,645.00.
Appears in 1 contract
Amount and Term of Loan. 1.1. Party A agrees, subject to the terms and conditions of this Agreement, to extend a loan in the aggregate amount of $200,000, with an interest rate of 2% per year payable at maturity, to Party B (the "Loan"). The amount In case of applicable law requires adjustment of the Loan interest rate, the parties shall be US$ 150,000. The adjust the interest rate agreed upon shall be 10% per year payable at the end of each twelve month period from the date of executionaccordingly after friendly negotiation.
Appears in 1 contract
Amount and Term of Loan. 1.1. Party A agrees, subject to the terms and conditions of this Agreement, to extend a loan in the aggregate amount of $150,000, with an interest rate of 5% per year payable at maturity, to Party B (the "Loan"). The amount In case of applicable law requires adjustment of the Loan interest rate, the parties shall be US$ 150,000. The adjust the interest rate agreed upon shall be 10% per year payable at the end of each twelve month period from the date of executionaccordingly after friendly negotiation.
Appears in 1 contract
