LOAN AGREEMENT
Exhibit 15.5
This Agreement is for the period from 1st April 2013 to 31st March, 2014 is being made at Amira Pure Foods Private Limited (APFPL) on 13th April, 2013, between Xx. Xxxxx X Xxxxxxx, Chairman and Director of Amira Pure Foods Private Limited, resident of Xxxx Xx. 000, Xx Xxxxx, X-0-000, Xxxx Xxxxxxxx, Xxxxx, XXX (hereinafter called the Part of First Part)
And
AMIRA PURE FOODS PRIVATE 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 from the first party the said money without security, Second Part will be 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 Witness whereof the parties of this Agreement have set their respective hands on the date month and year first above given.
| 1. First Party | WITNESSES:- | |
| /s/ Xxxxx X. Xxxxxxx | 1. | /s/ Xxxxxxxx Xxxx |
| (Xxxxx X Xxxxxxx) | (Xxxxxxxx Xxxx) | |
| 2. Second Party | ||
| /s/ Xxxxxx Xxxxx | 2. | /s/ Xxxxx Xxxxx |
| (Xxxxxx Xxxxx) | (Xxxxx Xxxxx) | |
