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"Loan Contract" by PandaKittyIcing
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This contracts states that PandaKittyIcing is recieving a loan from Boogie_ for the amount listed on the last page. This loan is meant to be used by PandaKittyIcing to buy the property sm19. Although this loan can be used for any purpose.
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-=-=-Conditions-=-=-
1. PandaKittyIcing is bound to a fixed interest rate of 25%.
(This means that when the time comes to pay the loan PandaKittyIcing must pay an additional 25% ontop of the loan given)
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2. PandaKittyIcing will have 30 days to repay this loan.
(The loan is given on February 24, 2020 and must be repaid on March 25, 2020)
3. If this contract is broken by PandaKittyIcing all of his assets must be used as collateral.
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-=-=-=-Notes-=-=-=-Both parties acknowledges that there is 30 days to repay this loan, but if PandaKittyIcing cannot pay the loan back in time then a contract extension is available as long as both parties agree.
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Amount being loaned:
$117,000
Date:
February 24, 2020