PERSONALLOANAGREEMENT

ThisPersonalLoanAgreement(Agreement)ismadeandenteredintoonthis____dayof_______,20,byandbetween:

Lender:Name:_________________________Address:_________________________City,State,ZIPCode:_________________________Email:_________________________PhoneNumber:_________________________

Borrower:Name:_________________________Address:_________________________City,State,ZIPCode:_________________________Email:_________________________PhoneNumber:_________________________

Inconsiderationofthemutualcovenantsandagreementshereincontained,theLenderandtheBorrowerherebyagreeasfollows:

1.LoanAmountandPurpose

TheLenderagreestoloantotheBorrowertheprincipalamountofUSD$________(theLoanAmount)forthepurposeof___________________________.

2.RepaymentTerms

(a)TheBorroweragreestorepaytheLoanAmount,plusanyapplicableinterest,infullonorbefore______,20.

(b)InterestontheLoanAmountshallbecalculatedatarateof____%perannum.

(c)Repaymentshallbemadeintheformof[lumpsum/installments],withthefirstpaymentdueon_______,20.Installmentpayments,ifapplicable,shallbemadeonthe_____dayofeachmonth.

3.LatePayments

Ifanypaymentisnotmadewhendue,theBorrowershallpayalatefeeof____%oftheunpaidamountforeachdaythepaymentislate,orthemaximumamountallowedbylaw,whicheverisless.

4.Security(ifapplicable)

TheBorroweragreestoprovide[describesecurity,e.g.,collateral,guarantee,etc.],whichshallbeheldbytheLenderassecurityfortherepaymentoftheLoanAmountandanyaccruedinterest.

5.Default

IntheeventofdefaultbytheBorrowerinthepaymentofanyamountdueunderthisAgreement,theLendershallhavetheright,butnottheobligation,to:

(a)AcceleratethematurityoftheLoanAmountandanyaccruedinterest;

(b)ExerciseanyandallrightsinanysecurityprovidedbytheBorrower;

(c)Pursueanyother