Shareholder Loan Agreement

SHAREHOLDER LOAN AGREEMENT
THIS SHAREHOLDER LOAN AGREEMENT (this "Agreement") dated this ________

day of ________________, ________
BETWEEN:
_______________________________ of __________
(the "Shareholder")
OF THE FIRST PART
and
_______________________________ of __________
(the "Corporation")
OF THE SECOND PART
BACKGROUND:
A. The Corporation is duly incorporated in ...........................................
B. The Shareholder holds shares in the Corporation and agrees to loan certain monies to the
Corporation.
IN CONSIDERATION OF the Shareholder providing the Loan to the Corporation, and the
Corporation repaying the Loan to the Shareholder, both parties agree to keep, perform, and
fulfill the promises, conditions and agreements below:
Loan Amount & Interest
1. The Shareholder promises to loan _______________________ ($ ____________) USD to

the Corporation (the "Loan") and the Corporation promises to repay this principal amount
to the Shareholder at such address as may be provided in writing, with interest payable on
the unpaid principal at the rate of 0 percent per annum, calculated yearly not in advance.
Payment
2. The Loan will be repaid in consecutive monthly installments of $____________ each on the
1st of each month commencing the month following execution of this Agreement until
the Shareholder has provided the Corporation with written notice of demand and the
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Shareholder Loan Agreement Page 2 of 3
balance owing under this Agreement will be paid within day(s) of any such notice of
demand.
Default
3. Notwithstanding anything to the contrary in this Agreement, if the Corporation defaults in

the performance of any obligation under this Agreement, then the Shareholder may
declare the principal amount owing under this Agreement at that time to be immediately
due and payable.
4. Further, if the Shareholder declares the principal amount owing under this Agreement to be
immediately due and payable, and the Corporation fails to provide full payment, interest
in the amount of ......... percent, calculated yearly not in advance, will be charged on the
outstanding amount, commencing the day the principle amount is declared due and
payable, until full payment is received by the Shareholder.
Additional Clauses
5. __________
Governing Law
6. This Agreement will be construed in accordance with and governed by the laws of
..........................................
Costs
7. All costs, expenses and expenditures including, and without limitation, the complete legal
costs incurred by enforcing this Agreement as a result of any default by the Corporation,
will be added to the principal then outstanding and will immediately be paid by the
Corporation.
Assignment
8. This Agreement will pass to the benefit of and be binding upon the respective heirs,
executors, administrators, successors and assigns of the Corporation. The Corporation
waives presentment for payment, notice of non-payment, protest, and notice of protest.
Amendments
Shareholder Loan Agreement Page 3 of 3
9. This Agreement may only be amended or modified by a written instrument executed by both
the Corporation and the Shareholder.
Severability
10. The clauses and paragraphs contained in this Agreement are intended to be read and
construed independently of each other. If any part of this Agreement is held to be invalid,
this invalidity will not affect the operation of any other part of this Agreement.
General Provisions
11. Headings are inserted for the convenience of the parties only and are not 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 under hand and seal
on this ________ day of ________________, ________
_______________________________
___________________________________ Per: ___________________________

Witness (Seal)
___________________________________ _______________________________
Witness _______________________________

Shareholder Loan Agreement

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SHAREHOLDER LOAN AGREEMENT

THIS SHAREHOLDER LOAN AGREEMENT (this "Agreement") dated this ________

OF THE FIRST PART

OF THE SECOND PART

A. The Corporation is duly incorporated in ...........................................

Loan Amount & Interest

1. The Shareholder promises to loan ___________ ($ ) USD to

3. Notwithstanding anything to the contrary in this Agreement, if the Corporation defaults in

_________ Per: _

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