Shareholder Loan Agreement

{{company_name}}

{{company_address}}

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

Shareholder Loan Agreement

Shareholder Loan Agreement

{{company_name}} {{company_address}} Phone: {{phone}} Email: {{email}} Website: {{website}}

SHAREHOLDER LOAN AGREEMENT

This Shareholder Loan Agreement (the "Agreement") is made and entered into as of {{date_of_agreement}}, by and between:

1. {{lender_name}}, residing at {{lender_address}} (hereinafter referred to as the "Lender"); and

2. {{company_name}}, a company duly incorporated under the laws of [South Africa/Nigeria/Kenya/etc.] with registration number {{company_registration_number}} and having its registered office at {{company_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".

1. LOAN AMOUNT AND PURPOSE

1.1. The Lender hereby agrees to lend to the Borrower the principal sum of {{loan_amount_currency}} {{loan_amount_words}} ({{loan_amount_figures}}) (the “Principal Sum”).

1.2. The purpose of this loan is for {{purpose_of_loan}}.

2. INTEREST

2.1. The Principal Sum shall bear interest at the rate of {{interest_rate_percentage}}% per annum, calculated on a {{interest_calculation_basis}} basis.

2.2. Interest shall accrue from the date of disbursement of the Principal Sum until the date of full repayment.

2.3. Interest payments shall be made {{interest_payment_frequency}} commencing on {{first_interest_payment_date}}.

3. REPAYMENT

3.1. The Borrower shall repay the Principal Sum together with all accrued interest in accordance with the following schedule:

a) {{repayment_schedule_details}}

3.2. Notwithstanding paragraph 3.1, the Borrower shall repay the entire outstanding balance of the Principal Sum and accrued interest on or before {{maturity_date}}.

3.3. All payments shall be made in {{currency_of_repayment}} to the Lender's nominated bank account: Account Name: {{lender_bank_account_name}}, Account Number: {{lender_bank_account_number}}, Bank: {{lender_bank_name}}, Branch Code: {{lender_bank_branch_code}}.

4. REPRESENTATIONS AND WARRANTIES

4.1. Each Party represents and warrants that it has the full power and authority to enter into and perform its obligations under this Agreement.

4.2. The Borrower represents and warrants that the execution and performance of this Agreement will not violate any provision of its constituting documents or any agreement to which it is a party.

5. EVENTS OF DEFAULT

5.1. The occurrence of any of the following shall constitute an event of default (an “Event of Default”) under this Agreement:

a) The Borrower fails to pay any amount due under this Agreement on the due date.

b) The Borrower breaches any other term or condition of this Agreement.

c) The Borrower becomes insolvent or unable to pay its debts as they fall due.

d) A resolution is passed or an order is made for the winding up of the Borrower.

5.2. Upon the occurrence of an Event of Default, the entire outstanding Principal Sum and accrued interest shall become immediately due and payable at the option of the Lender.

6. GOVERNING LAW AND JURISDICTION

6.1. This Agreement shall be governed by and construed in accordance with the laws of [South Africa/Nigeria/Kenya/etc.].

6.2. The Parties irrevocably submit to the exclusive jurisdiction of the courts of [South Africa/Nigeria/Kenya/etc.] for the purpose of settling any dispute arising out of or in connection with this Agreement.

7. ENTIRE AGREEMENT

7.1. This Agreement 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.

7.2. No amendment or modification of this Agreement shall be valid unless in writing and signed by both Parties.

8. NOTICES

8.1. Any notice or other communication required or permitted to be given under this Agreement shall be in writing and shall be delivered personally, sent by pre-paid registered post or by email to the addresses specified above, or such other address as a Party may notify to the other Party from time to time.

8.2. Any notice given by email shall be deemed to have been received at the time of transmission, or if transmitted after business hours, on the next business day.

IN WITNESS WHEREOF, the Parties have executed this Agreement on the date first above written.

SIGNATURES:

_____________________________

Lender: {{lender_name}}

Date: {{date_signed_lender}}

_____________________________

For the Borrower:

{{authorised_signatory_name}}

Title: {{authorised_signatory_title}}

Date: {{date_signed_borrower}}