Loan Agreement
Exhibit 10.97
Mizuho Bank, Ltd.
Date of Agreement
June 4, 2008
I (“the Borrower”) do hereby consent to the terms and conditions set forth on the back of this form and within the separate Bank Transaction Agreement and agree to accept a loan from Mizuho Bank, Ltd. (“the Bank”) according to the borrowing specifications listed to the right.
Borrower |
Address |
11F Nishishinjuku Showa Xxxx. 0-00-00 Xxxxx-xxxxxxxx, Xxxxxxxx-xx, Xxxxx 000-0000 Tel: 00-0000-0000 Fax: 00-0000-0000 |
Name |
Xxxxxx Xxxx, President & CEO Loan transaction Seal Transaction seal for Global Hotline, Inc. savings account used for repayment |
Seal of Consent
(Loan Transaction Seal)
[Consent to special agreement concerning application of floating interest rate]
The Borrower consents to the Special Agreement Concerning Application of Floating Interest Rate found on the back of this form, and the standard interest rate and spread for the money borrowed from the Bank in accordance with the borrowing specifications listed to the right shall be as follows. In cases where the loan is paid back in equal installments with interest, the Borrower also agrees that the amount of the installment will vary according to the interest rate on each repayment date.
Standard interest rate (place a circle beside the applicable rate)
○ |
Short-term prime rate |
|
Long-term prime lending rate (3 years or less) linked to the short-term prime rate |
|
Long-term prime lending rate (more than 3 years) linked to the short-term prime rate |
Annual spread: 0.500%
1
Loan Requirements
Amount |
¥270,000,000 | ||
Use |
Operating funds |
|
|
Desired date of deposit |
June 5, 2008 |
Expected date of final repayment |
June 5, 2009 |
Payment details |
Payment cycle |
Payment date |
Number of payments |
Amount repaid |
First due date |
1 month |
5th of each month |
times |
22,500,000yen |
Second due date |
|
|
|
22,500,000yen |
|
|
|
|
yen |
|
|
|
|
yen |
Final due date |
|
22,500,000yen | ||
Method of payment |
Installment payment | |||
Handling of bank holidays |
In the event that one of the dates above falls on a bank holiday, the payment shall be made on the following business day. |
Basic interest rate |
□ Short-term prime rate |
Applicable interest rate |
2.375% |
□ Method of payment |
Advance payment every 1 month | ||
□ Desired date of interest rate payment |
July 5, 2008 | ||
Applicable interest rate period |
In the event that the applicable interest rate period is divided within the borrowing period and rates are adjusted accordingly: | ||
Starts: Ends: |
1. Rates automatically adjusted on the every months. 2. Notification made each time with Notice of Applicable Interest Rate Period. |
Cosigner |
Address |
0-00-00 Xxxxxx, Xxxxxxx-xx, Xxxxx 000-0000 Tel: 00-0000-0000 |
Name |
Xxxxxx Xxxx |
2
Schedule of Payment for Loan
Date of Creation
June 20, 2008
Mizuho Bank, Ltd.
Kanda Branch
0-0 Xxxxxxxxxx-xxx, Xxxxxxxx-xx,
Xxxxx 000-0000
Borrower |
Address |
11F Nishishinjuku Showa Xxxx. 0-00-00 Xxxxx-xxxxxxxx, Xxxxxxxx-xx, Xxxxx 000-0000 |
Name |
Xxxxxx Xxxx, President & CEO Global Hotline, Inc |
Amount |
¥270,000,000 | ||
Interest rate |
2.375% | ||
Desired date of deposit |
June 5, 2008 |
Expected date of final repayment |
June 5, 2009 |
Payment date |
Amount repaid |
Balance of repayment |
(a)Amount of principal repaid |
Period of rated interest days |
Days of rated interest |
(a) + (b) |
(b)Amount of interest |
Amount of rated basic principal | |||
2008.06.05 |
Loan |
270,000,000 |
|
|
|
|
|
|
|
|
|
2008.06.05 |
579,760 |
270,000,000 |
0 |
06.05-07.07 |
33 |
579,760 |
270,000,000 |
| |||
2008.07.05 |
22,967,029 |
247,500,000 |
22,500,000 |
07.08-08.05 |
29 |
467,029 |
247,500,000 |
| |||
2008.08.05 |
22,953,852 |
225,000,000 |
22,500,000 |
08.06-09.05 |
31 |
453,852 |
22,500,000 |
| |||
2008.09.05 |
22,908,467 |
202,500,000 |
22,500,000 |
09.06-10.07 |
31 |
408,467 |
202,500,000 |
| |||
2008.10.05 |
22,851,369 |
180,000,000 |
22,500,000 |
10.08-11.05 |
30 |
351,369 |
180,000,000 |
| |||
2008.11.05 |
22,807,448 |
157,500,000 |
22,500,000 |
11.06-12.05 |
30 |
307,448 |
157,500,000 |
| |||
2008.12.05 |
22,772,311 |
135,000,000 |
22,500,000 |
12.06-01.05 |
31 |
272,311 |
135,000,000 |
| |||
2009.01.05 |
22,726,923 |
112,500,000 |
22,500,000 |
01.06-02.05 |
31 |
226,926 |
112,500,000 |
| |||
2009.02.05 |
22,663,972 |
90,000,000 |
22,500,000 |
02.06-03.05 |
28 |
163,972 |
90,000,000 |
| |||
2009.03.05 |
22,640,547 |
67,500,000 |
22,500,000 |
03.06-04.05 |
32 |
140,547 |
67,500,000 |
| |||
2009.04.05 |
22,590,770 |
45,000,000 |
22,500,000 |
04.06-05.05 |
31 |
90,770 |
45,000,000 |
| |||
2009.05.05 |
22,542,457 |
22,500,000 |
22,500,000 |
05.06-06.05 |
29 |
42,457 |
22,500,000 |
| |||
2009.06.05 |
22,500,000 |
0 |
22,500,000 |
|
|
0 |
|
|
3