Examples of Shareholder Loan Agreements in a sentence
Any person acquiring some or all of the B Shares pursuant to the provisions of this clause 9.4 and the Company Articles shall also have the right to (but shall not be required to) acquire a proportion of the B Shareholder Debt equal to the proportion that the B Shares being acquired represents to the total issued B Shares (and the B Shareholder shall transfer such B Shareholder Debt) in accordance with the terms of the relevant Shareholder Loan Agreement(s), this Agreement and the Company Articles.
The material terms and conditions of the Shareholder Loan Agreements are summarised below: Aggregate loan amount$750,000Interest10% per annumFacility Fee20%Principal drawn plus interest$1,038,481Conversion Shares5,769,340 (rounded up)Conversion Price$0.18 per Share (post-Consolidation) The Shareholder Loan Agreements otherwise contain terms and conditions including provisions for representations and warranties, events of default and confidentiality considered standard for an agreement of this nature.
In derogation of the above, Financing Agreements, Subcontractor Agreements, Shareholder Loan Agreements, the Original Financial Model, the Updated Financial Model, the declaration referred to in Article 3.5(d), the declaration mentioned in Article 22.5(c) and the declaration specified in Article 22.5(c) may be drawn up in English.
Further details with respect to the Share Subscription Agreement, the Shareholder Loan Agreements and related agreement are set out in the section headed ‘‘Special Deal’’ in the ‘‘Letter from the Board’’ contained in the Circular.
Pursuant to the Share Subscription Agreement and the Shareholder Loan Agreements, Amy Wang and Magnificent Gardenia agreed to provide the Amy Wang Shareholder Loan and the Magnificent Gardenia Shareholder Loan respectively to Famous Speech to fund the Security Deposit required for obtaining the Offshore Loan (i.e. up to US$50 million) to be provided by the Offshore Bank to Famous Speech for underwriting the Rights Issue in full.