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SHORT TERM LOAN AGREEMENT
NO.
THIS AGREEMENT is made on 10 February, 2021 by and between:
NAXIS CO., LTD., a company incorporated in Japan with a registered address at 491 Nakatsukasa-Cho, Senbon Higashi-Iru, Marutamachi-Dori, Kamigyo-Ku, Kyoto 602-8158, Japan (the “Lender”)
AND
BANGLADESH NAXIS CO. LTD. a company incorporated in Bangladesh with a registered address at Jaigir, Dollah Bazaar, Singair, Manikganj, PO: 1820, Bangladesh (the “Borrower”)
WHEREAS:
The Lender shall make a short term loan to the Borrower amounting to USD 400,000.00 (the “Loan”) at the date of the agreement which is unsecured with no interest pay. All the bank charge and handling fee will be borne by the Lender.
The Borrower will pay back the BDT amount which they receive through Prime Bank Limited Bangladesh by converting from USD to BDT on the date of receiving money.
The Borrower shall pay the loan amount on BDT to the Lender within one (1) year (one year will count from the date of encashment of the amount in the borrower Bank Account).
DURATION OF AGREEMENT
The agreement shall commence one (1) year with effect from the date of the encashment of the loan amount to borrower’s bank account and the Borrower shall pay back the total loan amount (BDT amount which borrower will receive by converting from USD) to the Lender within this 1 year.
SIGNED BY
Duly authorized for and on behalf of )
NAXIS CO., LTD., Japan )
)
Duly authorized for and on behalf of )
BANGLADESH NAXIS CO. LTD. )
)