LOAN AGREEMENT
THIS LOAN AGREEMENT (“this loan agreement”) dated: _______________
day of ________________________
BETWEEN
Freddy Latigo-Nono of 24C Beechfield Road, Catford, London, SE6 4NE, UK
AND
Filder Onek of 132 Chilton Grove, London, SE8 5DY, UK
IN CONSIDERATION OF the Lender loaning monies (“the Loan”) to the
borrower, and the Borrower repaying the Loan to the Lender, the parties
agree to keep the, perform and fulfil the promises and conditions set out in
the Agreement:
Loan Amount & Interest
1. The Lender promises to loan £3,000 GBP to the Borrower and the
Borrower promises to repay the principal amount to the Lender,
without interest payable on the unpaid principal amount, beginning
on the 10 May 2025.
Payment
2. This loan will be paid in full on or before the 30 June 2025.
3. At any time while not in default under this Agreement, the Borrower
may make lump sum payments or pay the outstanding balance then
under this Agreement to the Lender without further bonus or penalty.
Default
4. Notwithstanding anything to the contrary in this Agreement, if the
Borrower defaults in the performance of the obligations under this
Agreement, then the Lender may declare the principal amount owing
under this Agreement at that time to be immediately due and
payable.
Extra Clause
5. ________________________________________________________________
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Governing Law
6. This Agreement will be construed in accordance with and governed
by the laws of England and Wales.
Costs
7. The Borrower shall be liable for all costs, expenses and expenditures
incurred including, without limitation, the complete legal costs of the
Lender incurred by enforcing this Agreement as a result of any
default by the Borrower and such costs will be added to the principal
amount then outstanding and shall be due and payable by the
Borrower to the Lender immediately upon demand of the Lender.
Binding Effect
8. This Agreement shall pass to the benefit of and be binding upon the
respective heirs, executors, administrators, successors and
permitted assigns of the Borrower and the Lender. The Borrower
waives presentments for payment, notice of non-payment, protest,
and notice of protest.
Amendments
9. This Agreement may only be amended or modified by a written
instrument executed by both the Borrower and the Lender.
Severability
10. The clauses and paragraphs contained in this Agreement are
intended to be read independently of each other. If any of the terms,
covenant, condition or provision of this Agreement is held by the
court of competent jurisdiction to be invalid, void or unenforceable,
it is for the parties’ intent that such provision be reduced in scope by
the court only to the extent deemed necessary by the court to render
the provision reasonable and enforceable and the remainder of the
provisions of this Agreement will in no way be affected, impaired or
invalidated as a result.
General Provisions
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11. Headings are inserted for the inconvenience of the parties only
and to be considered when interpreting this Agreement. Words in the
singular mean and include the plural and vice versa. Words in the
masculine mean and include the feminine and vice versa.
Entire Agreement
12. This Agreement constitutes the entire agreement between the
parties and there are no further items or provisions, either oral or
otherwise.
IN WITNESS WHEREOF, the parties have duly affixed their signatures on
this ________________ day of __________________________________________
SIGNED, SEALED AND DELIVERED
Before me, this ______________________day of __________________________
Freddy Latigo-Nono: …………………………………………………………………………
SIGNED, SEALED AND DELIVERED
Before me, this ______________________day of __________________________
Filder Onek: ……………………………………………………………………………………
