Loan Agreement Template (Page 4 of 7) in pdf

he is aware of and knows that this loan will provide him with no particular tax benefit and, in

particular, no tax credit;

he is fully aware that, as with any loan, there is a risk of non repayment and that as a

consequence he musts adapt the size of his investment with regards to his personal financial

situation. He agrees that MW INVEST will not be made responsible in case the BORROWER

defaults on its obligations;

he will not interfere in the BORROWER’s activity or organization;

the funds lent have been duly perceived by the LENDER and are free and clear of any

encumbrances.

ARTICLE 7: EARLY REPAYMENT – CANCELLATION OF THE AGREEMENT

7.1: Early repayment

The outstanding loan amount and potential interest to be paid will be payable in advance, immediately

in one instalment, in case of:

BORROWER’s business termination, for any reason;

BORROWER’s legal structure windingup;

BORROWER’s economic and financial difficulties resulting, for the BORROWER, in a

significantly jeopardized situation;

Failure, by the BORROWER, to respect any of its commitments linked to the Agreement.

If enacted, the BORROWER will be informed by MW INVEST, through any mean, of the anticipated

repayment notice.

7.2: Termination of the Agreement resulting from early repayment

In the event of an early repayment, the Agreement will be automatically terminated.

ARTICLE 8: TAXES

All payments made by the BORROWER in pursuance of the Agreement should be made net of any

taxes, duties and / or fees that will be borne exclusively by the BORROWER.

Similarly, the BORROWER, commits to support all risks and costs associated with exchange rates

movements, if the currency of reception of the funds is different than the currency used by the

LENDER to make this loan.

ARTICLE 9: NON WAIVER

Any LENDER’s right, resulting from the Agreement or from the law, that the LENDER does not fully

exercise or that the LENDER takes a long time to exercise, should in no case be considered as a

waiver of said right.

ARTICLE 10: GUARANTEES

This Agreement is not secured by any guarantee of any kind. This information is acknowledged and

agreed once and for all by the LENDER, without right to reserve consent.

ARTICLE 11: PERSONAL DATA

In the following section, the terms below have the following meaning :

"Personal data" information regarding the LENDER .

"Data protection rights " the directive 95/46/CE regarding the protection of individuals with

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