Professional Documents
Culture Documents
This Agreement made this day of 9th April, 2014 at 11 AM, between M/S ABC Pvt Ltd, a Company
within the meaning of the Companies Act, 2013 and having its Registered Office at H.No 11-111,
Street No 21, , Hyderabad - 500000, in the State of Telangana (hereinafter referred to as "the
Borrower which expression shall, unless it be repugnant to the subject or context thereof,
include its successors and assigns).
AND
Dr. xzsf, (a Director in M/s ABC Pvt Ltd) and having his residential address at ----------- (hereinafter
referred to as "the Lender" which expression shall, unless it be repugnant to the subject or
context thereof, include its successors.
AND
Mrs. aaaa, (a Director in M/s ABC Pvt Ltd) and having her residential address at
aaaaaaaaaaaaaaaaaaaaaaaaa(hereinafter referred to as "the Lender" which expression shall,
unless it be repugnant to the subject or context thereof, include its successors.
AMOUNT OF LOAN:
The Borrower agrees to borrow from the Lender and the Lender agrees to lend to the Borrower
sum up to Rs. 1 crore on the terms and conditions contained herewith below:
Lenders as from the date of conversion and the Lenders shall accept the same in
satisfaction of the principal amounts of the Loan to the extent so converted.
c) Save as aforesaid, the said equity shares shall rank pari passu with the then existing
equity shares of the Borrower in all respects.
d) The conversion right reserved as aforesaid may be exercised by the Lenders on one or
more occasions during the period of conversion as set out above or during the currency
of the Loan as hereinafter stated.
e) The Borrower shall pass requisite resolutions as may be required under the relevant
Acts so to enable it to issue to the Lenders such shares at such time and in such form
as may be required by the Lenders.
5. The loan amount is unsecured and interest free.
For
Signature of Lender