Renewal Agreement

{{company_name}}

{{company_address}}

Phone: {{phone}} | Email: {{email}} | Web: {{website}}

Renewal Agreement

Renewal Agreement

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

RENEWAL AGREEMENT

This Renewal Agreement (“Agreement”) is made and entered into on this {{day}} day of {{month}}, {{year}} (the “Effective Date”),

BETWEEN:

{{lender_company_name}}, a company duly incorporated under the laws of {{country_of_incorporation}}, with its principal place of business at {{lender_address}} (hereinafter referred to as “the Lender”);

AND

{{borrower_company_name}}, a company duly incorporated under the laws of {{country_of_incorporation}}, with its principal place of business at {{borrower_address}} (hereinafter referred to as “the Borrower”).

The Lender and the Borrower are hereinafter collectively referred to as “the Parties” and individually as “a Party” where the context so requires.

RECITALS

WHEREAS, the Parties entered into a Loan Agreement on {{original_agreement_date}} (the “Original Agreement”) for the principal amount of {{original_loan_amount}} ({{currency}}) for the purpose of {{purpose_of_original_loan}}.

WHEREAS, the Original Agreement is due to expire on {{original_expiry_date}}.

WHEREAS, the Borrower has requested, and the Lender has agreed, to renew the Original Agreement subject to the terms and conditions set forth herein.

RENEWAL OF LOAN AGREEMENT

The Parties hereby agree to renew the Original Agreement for a further period of {{renewal_period}} commencing from {{renewal_start_date}} and terminating on {{renewal_end_date}} (the “Renewal Period”).

All terms and conditions, covenants, representations, and warranties contained in the Original Agreement shall remain in full force and effect during the Renewal Period, save as expressly modified by this Agreement.

MODIFIED TERMS (OPTIONAL)

Notwithstanding anything to the contrary in the Original Agreement, the Parties hereby agree to the following modified terms:

a) Interest Rate: The interest rate applicable during the Renewal Period shall be {{new_interest_rate}}% per annum, calculated on a {{interest_calculation_basis}} basis.

b) Repayment Schedule: The Borrower shall repay the outstanding principal amount and accrued interest in accordance with the revised repayment schedule attached hereto as Schedule A.

c) Fees: A renewal fee of {{renewal_fee_amount}} ({{currency}}) shall be payable by the Borrower to the Lender on or before {{renewal_fee_due_date}}.

d) Other Modifications: {{other_modifications_details}}

REPRESENTATIONS AND WARRANTIES

Each Party hereby represents and warrants to the other Party that:

a) It has the full power and authority to enter into and perform its obligations under this Agreement.

b) The execution and delivery of this Agreement and the performance of its obligations hereunder will not conflict with or violate any other agreement or instrument to which it is a party or by which it is bound.

c) This Agreement constitutes a legal, valid, and binding obligation of such Party, enforceable against it in accordance with its terms.

GOVERNING LAW AND JURISDICTION

This Agreement shall be governed by and construed in accordance with the laws of {{country}}.

Any dispute arising out of or in connection with this Agreement, including any question regarding its existence, validity, or termination, shall be referred to and finally resolved by the courts of {{city}}, {{country}}.

ENTIRE AGREEMENT

This Agreement, together with the Original Agreement and any schedules or addenda attached hereto, constitutes the entire agreement between the Parties with respect to the subject matter hereof and supersedes all prior discussions, negotiations, and agreements, whether oral or written.

No amendment or modification of this Agreement shall be effective unless it is in writing and signed by duly authorised representatives of both Parties.

COUNTERPARTS

This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

IN WITNESS WHEREOF

The Parties have executed this Renewal Agreement on the Effective Date first above written.

SIGNATURES

For and on behalf of the Lender:

_____________________________

Name: {{lender_authorised_signatory_name}}

Title: {{lender_authorised_signatory_title}}

Date: _____________________________

For and on behalf of the Borrower:

_____________________________

Name: {{borrower_authorised_signatory_name}}

Title: {{borrower_authorised_signatory_title}}

Date: _____________________________