HIRMAT INVESTMENT COMPANY LTD

PROPERTY LOAN AGREEMENT

I. THE PARTIES.

This Loan Agreement made this day———————— is between:

Borrower: —————————————————— resident of

————————————————Phone Number —————————— NIN
——————————————and agrees to borrow ————————————————
worth amount—————————UShs. From;

Lender: HIRMAT INVESTMENT COMPANY LTD with a mailing address of

———————————————and agrees to give a————————————————
loan worth ————————Ushs. to the Borrower under the following terms:

 NOT Bear Interest. There shall be no interest associated with the Borrowed Property. The
Borrower’s only obligation to the Lender is to repay the principal balance.

II. TERM.

The total amount of the Borrowed property, including shall be due and payable on
————————.

III. PAYMENTS.

The Borrower agrees to repay for the Borrowed property to the Lender under the
following payment schedule;

 Weekly Payments. The Borrower agrees to repay the Lender a payment of Ushs.
——————— on the ——————— of each week until the Due Date.

 Monthly Payments. The Borrower agrees to repay the Lender a payment of Ushs.
——————— on the ——————— of each month until the Due Date.

 Lump Sum. The Borrower agrees to repay the Lender, in full, on the Due Date
———————

*All payments made by the Borrower shall be made only to the bank account number
———————————and the bank slips will be presented to the cashier at the
counter.

IV. LATE PAYMENT.

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 HIRMAT INVESTMENT COMPANY LTD

If the Borrower is late by more than ————— days for any payment due, it shall be
considered late. If a payment is late, the Borrower shall be charged a late fee equal to
——% of the due fee.

V. PREPAYMENT.
If the Borrower makes a payment prior to the Due Date, the payment account will be
closed with immediate effect.

VI. SECURITY.
As part of this Agreement, the Borrower agrees to:

 Pledge Security. The Borrower agrees to secure this Agreement by pledging the
following collateral: ————————————————————————

In the event the Borrower defaults under this Agreement, the Lender shall obtain
possession of the Collateral equal to the amount owed of which a sale may be required.
OR
 Not Pledge Security. This Agreement shall not be secured by any property or asset of the
Borrower.

VII. DISPUTES. In the event any payment under this Agreement is not paid when due, the
Borrower agrees to pay, in addition to the principal and interest hereunder, reasonable
attorney’s fees not exceeding a sum equal to the maximum usury rate in the state of
Governing Law of the then outstanding balance owing on the Borrowed Amount, plus all
other reasonable expenses incurred by Lender in exercising any of its rights and remedies
upon default.

IN WITNESS WHEREOF,

HIRMAT INVESTMENT COMPANY and ————————have executed this Agreement as

of the day and year first above written.

Borrower’s Signature: _____________________ Date: _____________

Lender’s Signature: _____________________ Date: _____________

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