Loan Agreement between Fusako Takahama and Kinbasha Co., Ltd.
This agreement is between Fusako Takahama (the creditor) and Kinbasha Co., Ltd. (the debtor). Fusako Takahama is lending 15,000,000 yen to Kinbasha Co., Ltd., which must be repaid in full by February 28, 2014. The loan carries an interest rate of 1% per month, and if the debtor defaults, a penalty interest of 14% per year applies to the remaining balance. The debtor may repay the loan early. Both parties agree to resolve any other issues with integrity.
Exhibit 10.9
Loan Agreement
The Creditor: Fusako Takahama
The Debtor: Kinbasha co.,ltd.
Section 1
The Creditor lend 15,000,000 yen to The Debtor today.
Section 2
The Debtor shall repay the loan by February 28, 2014. The loan shall be repaid in full. However, The Debtor may repay the loan or any part thereof early.
Section 3
The loan shall carry an interest rate of 1% per month.
Section 4
When The Creditor lost the benefit of time, The Debtor owe penalty interest of 14% per annum to the remaining due until paid off the loan.
Section 5
When an issue other than this agreement states occur, both parties dissolve the issue with integrity.
Agreed date: February 25, 2013
Signature
The Creditor: 3-8-1 Benten-cho Hitachi city, Ibaraki
Fusako Takahama
The Debtor: 2-1-10 Saiwai-cho Hitachi city, Ibaraki
Kinbahsa co.,ltd.
