Contract
Exhibit 10.4
DUO SOFTWARE PTE LTD - LOAN AGREEMENT
This AGREEMENT is made as of the First day of December, Two Thousand Twelve between.
DUO SOFTWARE XXX.XXX. (hereinafter referred to as “Company”) a company duly incorporated in Republic of Singapore, under the Companies Act (CAP 50) having its principal place of business at Xx 00, Xxxxx Xxxxx, 00-00, Xxx Xxx Xxxxx, Xxxxxxxxx 000000; and
XXXXXXXXX XXXXXXXXXXXXX (hereinafter referred to as “Lender”) of Xx 00, Xxxx Xxxxx Xxxxxxx 00, Xxx Xxxxx in Democratic Socialist Republic of Sri Lanka bearing Passport No: X0000000
WHEREAS, Xxxxxxxxx Xxxxxxxxxxxxx has agreed to transfer Singapore Dollar Six Hundred Seventy Thousand (S$670,000) from Current Liability to Non- Current “Zero” interest Loan from the balance sheet date of Thirty First, March Two Thousand Thirteen on account of amounts due to him from the Company.
WHEREAS, parties desirous of settling the above said loan on or before Thirty First March Two Thousand Eighteen (31.03.2018).
WHEREAS, parties are desirous of identifying future lending from Xx. Xxxxxxxxx as Non- Current Liability until the loan is settled in full on or before Thirty first March Two Thousand Eighteen (31.03.2018)
CONFIDENTIALITY
The Parties agree that this agreement is to be treated as confidential and may not disclosed to any third party except with the prior written consent of the other party.
ENTIRE AGREEMENT
This Agreement contains the full agreement of the Parties hereto concerning the subject matter hereof and shall not be modified, altered, changed or terminated except pursuant to a writing signed by both of the Parties.
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| /s/ Xxxxxxxx Xxxxxxxxxxxxx | /s/ Xxxxxxxxx Xxxxxxxxxxxxx | ||
DUO SOFTWARE PTE LTD - LOAN AGREEMENT
VARIATION
A variation of any term of this agreement must be in writing and signed by both the parties
TERMINATION
This Agreement may be terminated at the repayment of the loan in full by the Company to the Lender
IN WITNESS WHEREOF DUO SOFTWARE PTE LTD and Xx. XXXXXXXXX CANAGASOORYAM have duly executed this agreement after being read and accepted and signed on the date hereinbefore written, and shall be in force with effect from 1st December 2012.
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| Signed for and behalf of DUO SOFTWARE PTE LTD, | ||
| Date: 25.11. 2012 | ||
| Place: Colombo | ||
| Signature: /s/ Xxxxxxxx Xxxxxxxxxxxxx | ||
| Name: Xxxxxxxx Xxxxxxxxxxxxx | ||
| Signed by XXXXXXXXX XXXXXXXXXXXXX | ||
| Date: 25.11.2012 | ||
| Place: Colombo | ||
| Signature: /s/ Xxxxxxxxx Xxxxxxxxxxxxx | ||
| Name: Xxxxxxxxx Xxxxxxxxxxxxx | ||
| 2│ Page | ||
