Loan Agreement Stockholder to Corporation

About this template:

This particular legal document or agreement of assignment is used to assist in a loan agreement shareholder to corporation . See other legal documents that you may be interested in at https://www.templateguru.co.za/templates/legal/

Excerpt:

LOAN AGREEMENT This Loan Agreement (Agreement) is made and effective the [DATE] RECITALS WHEREAS Borrower desires to obtain from Lender a loan in the principal amount of [AMOUNT] (the Loan); and WHEREAS Lender is a stockholder of [COMPANY] and Lender desires to grant Borrower theLoan to [BRIEFLY EXPLAIN HOW THE LOAN WILL BE USED]. WHEREAS Borrower's obligation to repay the Loan shall be evidenced by a promissory note substantially in the form attached as Exhibit A hereto (the Note). Borrower shall execute and deliver to Lender the Note concurrently with execution and delivery of this Agreement:

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