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Notes:
- This precedent is intended to act as a guide in drafting a Draft Convertible Loan Agreement. It may be modified or amended as need may be.
- This template is applicable in case parties want to enter into a convertible loan Agreement, where the Borrower has requested the Lender to advance to it the Loan Amount (hereinafter defined) and the Lender has agreed to lend the same to the Borrower subject to the terms and conditions of this Agreement.
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Notes:
- This precedent is intended to act as a guide in drafting a Statutory declaration by the to-be-appointed company director/CEO that he/she is mentally sound, of good and impeccable character and has financial stability. Not declared a bankrupt by any court.
- It can be modified and amended from time to time depending on the agendas, nature and demands of the company.