The clauses and paragraphs contained in this Agreement are intended to be read and construed independently of each other.This Agreement may only be amended or modified by a written instrument executed by both the Borrower and the Lender. The Borrower waives presentment for payment, notice of non-payment, protest, and notice of protest. This Agreement will pass to the benefit of and be binding upon the respective heirs, executors, administrators, successors and permitted assigns of the Borrower and Lender.The Borrower shall be liable for all costs, expenses and expenditures incurred including, without limitation, the complete legal costs of the Lender incurred by enforcing this Agreement as a result of any default by the Borrower and such costs will be added to the principal then outstanding and shall be due and payable by the Borrower to the Lender immediately upon demand of the Lender.This Agreement will be construed in accordance with and governed by the laws of the State of.Notwithstanding anything to the contrary in this Agreement, if the Borrower defaults in the performance of any obligation under this Agreement, then the Lender may declare the principal amount owing under this Agreement at that time to be immediately due and payable.At any time while not in default under this Agreement, the Borrower may make lump sum payments or pay the outstanding balance then owing under this Agreement to the Lender without further bonus or penalty.This Loan will be repaid in full on June 25th, 2023.The Lender promises to loan $_USD to the Borrower and the Borrower promises to repay this principal amount to the Lender, without interest payable on the unpaid principal, beginning on June 25, 2023.IN CONSIDERATION OF the Lender loaning certain monies (the "Loan") to the Borrower, and the Borrower repaying the Loan to the Lender, the parties agree to keep, perform and fulfill the promises and conditions set out in this Agreement: THIS LOAN AGREEMENT (this "Agreement") dated this _ day of _, _ BETWEEN:
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