AGREEMENT OF LOAN

This Agreement is made on the 2nd day of July Two Thousand Ten (2010)

BETWEEN

Sri (Name of the Borrower) Son of Sri (Borrower’s Father Name), by faith Hindu, by occupation
Salaried, residing at (Postal Address of the Borrower), hereinafter called and referred to as the
“BORROWER” (which terms or expression shall unless excluded by or repugnant to the context
be deemed to mean and include his heirs, executors, administrators, legal representatives and
assigns) of the One Part.

AND

Sri (Name of the Lender) Son of Sri (Lender’s Father Name), by faith Hindu, by occupation
Business, residing at (Postal Address of the Borrower), hereinafter called and referred to as the
“LENDER” (which terms or expression shall unless excluded by or repugnant to the context be
deemed to mean and include his heirs, executors, administrators, legal representatives and
assigns) of the Second Part.

Whereas, being in his urgent need of money, the said borrower herein decides to draw a loan
from the said lender herein at or for a total amounting of Rs. 2, 00,000.00 (Rupees Two Lacs)
only within some Terms and Conditions of these presents which are more fully described as
under and the lender herein agrees to grant the said loan unto and in favour of the said Borrower
with some purposes:-

1. The lender pays a loan amount of Rs. 2, 00,000.00 (Rupees Two Lacs) only as
Unsecured loam to the Borrower.
2. That the stipulated periods of this loan is One Calendar Year (12 Months) from the date
of signing of this Agreement of Loan.
3. That the Borrower herein will pay the said loan amounting of Rs. 2, 00,000.00 (Rupees
Two Lacs) only to the Lender within this stipulated periods of One Calendar Year (12
Months).
4. That within this stipulated period of One Calendar Year (12 Months), the said Borrower
shall have no right and void this Agreement of Loan under any circumstances.
5. Borrower will be paid the Interest to Lender @ 2.00 % for a period of One Calendar Year
(12 Months).
6. If the Principal Amount returns within the period of One Calendar Year (12 Months), then
5% of the balance interest amount including the Principal Amount should be paid to the
Lender by the Borrower.
7. If the Borrower fails to pay the Interest or the Principal Amount, then the Lender have the
absolute power to sue against the Borrower in specific performance of contract.
8. Extension of Repayment Period shall be done by and between the mutual consent of the
both parties herein.
9. The Borrower should a security cheque to the Lender equal to an amount of
Rs. 2, 00,000.00 (Rupees Two Lacs)[Bank Name:-
_______________________________Cheque Number_________________________].
10. The Borrower submitted the following Documents (all in zerox form) to the Lender and
the facts are treated to be true and fair in all respect:-
• 2 Passport size Photo,
• Address Proof,
• Photo Id Proof,
• Bank Statement,
• Pan Card,
• Service Proof/Salary slips.
In witness whereof both the Parties (Borrower and Lender herein have set and submitted their
respective hands and seals on the day, month and year first above written:

SIGNED SEALED AND DELIVERED

By the both parties at Kolkata in presence of:

WITNESSESS:-
1. ______________________________

2. ______________________________

______________________________________
(Signature of the Borrower)

______________________________________
(Signature of the Lender)

MEMO FOR CONSIDERATION

Received from the Lender within the mentioned sum of Rs. 2, 00,000.00 (Rupees Two Lacs) only
by the Borrower as per memo below:-

Memo:-

Paid by Cheque:-
Bank:
Cheque:-

WITNESSESS:-
1. ______________________________

2. ______________________________

______________________________________
(Signature of the Borrower)