AMIRA FOODS (INDIA) LIMITED LOAN AGREEMENT
Exhibit 10.20
AMIRA FOODS (INDIA) LIMITED
This Agreement is for the period from 1st April 2011 to 31st March 2012 is being made at Amira Foods ( India) Limited ( AFIL) on First day of April, 2011 , between:- Xx. Xxxxx X Xxxxxxx , Chairman and Managing Director of AFIL, resident of 00, Xxxxxxxx Xxxx, X.X. Xxxx, Xxx Xxxxx-000000 (hereinafter called the Part of First PART )
AND
AMIRA FOODS (INDIA) LIMITED, having registered office at X-0/X-00, Xxxxx Xx-xxxxxxxxx Xxxxxxxxxx Xxxxxx, Xxxxxxx Xxxx, Xxx Xxxxx- 000000, Xxxxx (hereinafter called the party of the second part)
WHEREAS the second party is in need of money and seek the from the first party the said money without security. Second part will liable to make repayment of principal amount along with interest thereon on demand made by the first part.
AND WHEREAS, the first part has agreed to lend loan without security to the second part as his will and wish. Interest shall be calculated at the rate of 11% per annum on the daily balances of loan.
In witnesses whereof the parties of this agreement have set their respective hands on the date month and year first above given.
WITNESSES:
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1. FIRST PARTY |
WITNESSES | ||
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/s/ Xxxxx X Xxxxxxx |
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/s/ Xxxxxx Bhatnasar |
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(Xxxxx X Xxxxxxx) |
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Xxxxxx Bhatnasar |
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2. SECOND PARTY |
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/s/ Xxxxxxxx Xxxx |
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Xxxxxxxx Xxxx |
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/s/ Xxxxxx Xxxxx |
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(Xxxxxx Xxxxx) |
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