A CVIE THERAPEUTICS LIMITED, a limited liability company registered under the laws of the Republic of China, with registered office at 11F., No. 36 Songren Road, Xinyi District, Taipei City, Taiwan, Republic of China as borrower (the borrower); and given the relationship between the borrower and the lender, an administrator/shareholder loan does not contain extensive insurance and guarantees, nor commitments or restrictions on the part of the borrower. 1. The shareholder promises to borrow [insert amount] from the company (the “loan”), and the company promises to repay that capital to the shareholder at an address indicated in writing, paying interest on the unpaid principal up to [insert interest rate] per year, calculated annually and not in advance. 12. This Agreement constitutes the entire Agreement between the Parties and there are no other points or provisions, either orally or elsewhere. This is a simple convertible loan agreement that must be used when a shareholder lends money to a company, usually as a form of bridge financing, until an expected event takes place (for example. B the signing of a major commercial contract or a round of capital raising). For example, if a shareholder is an employee and wages are due by the company, the parties could use a shareholder loan agreement to describe in detail these amounts due. This addendum was made and finalized on December 31, 2012 by and between Soul and Vibe Entertainment, Inc. (the “Company”) and Peter Anthony Chiodo (the “Shareholder”), an individual. Shareholders can grant loans to companies on the same basis as any commercial organization.
However, problems may arise with regard to the assumption of guarantees and conflicts of interest that should be taken into account before the conclusion of the loan. As these issues are similar to those involving a manager lending to a company, our guide – loans with administrators can be helpful in identifying and addressing these issues. A shareholder loan agreement, sometimes called a shareholder loan agreement, is a binding agreement between a shareholder and a company that describes the terms of a loan (such as the repayment plan and interest rates) when a company lends money to or owes money to a shareholder. .