Loan Agreement, dated May 25, 2023, between Onodera Food Service Co., Ltd. and Onodera Group

Contract Categories: Business Finance - Loan Agreements
EX-10.9 12 ex10-9.htm

 

 

Exhibit 10.9

 

LOAN AGREEMENT

 

Between

 

ONODERA FOOD SERVICE CO., LTD .

 

(Hereinafter referred to as “Borrower”)

 

And

 

ONODERA GROUP CO., LTD.

 

(Hereinafter referred to as “Lender”)

 

This loan agreement (hereinafter referred to as “this agreement) is established between the following parties:

 

Between

 

ONODERA FOOD SERVICE CO., LTD . (Borrower)

 

Address : 1-1-3 Otemachi Chiyoda-ku, Tokyo 100-0004, Japan

 

EIN code:

 

  Representative: KEIICHI YAMAMOTO Position: Executive Vice President

 

And

 

ONODERA GROUP CO., LTD (Lender)

 

Address: 1-1-3 Otemachi Chiyoda-ku, Tokyo 100-0004, Japan

 

EIN code:

 

  Representative:  HIROSHI ONODERA Position: President

 

Mutually agree to sign a loan agreement as follows:

 

Article 1: Loan value

 

1.1.Value of loan: The lender agrees to lend to the borrower a total of JPY60,000,000 (Sixty million Japanese Yen).

 

1.2.Type of currency: JPY (Japanese Yen)

 

1.3.Loan date: May 25, 2023

 

1.4. This agreement takes effect from the date the borrower receives the loan amount.

 

 
 

 

Article 2: Term of principal payment

 

The payment period of this loan shall be three month from the date of loan, and the amount including the principal and interest shall be repaid in a lump sum at the expiration of the period.

 

Article 3: Interest rate

 

The interest rate of the loan shall be 0.5% per annum from the commencement date of this Agreement, and it shall be repaid by adding it to the principal when the loan is repaid.

 

Article 4: Methods of transaction

 

The lender will transfer the amount of the loan under article 1 to the borrower’s bank account as follows.

 

Bank name MUFJ Bank, Ebisu branch
   
Address

1-8-6 Ebisu nishi Sibuya-ku, Tokyo 150-0021, Japan

   
Account number
   
SWIFT/BIC

BOTKJPJT136

   
Account name ONODERA FOOD SERVICE CO., LTD.

 

Article 5: Terms of dispute

 

In case of any dispute between the two parties related to this agreement, it will be complied with the arbitral award at the place where the lender is attached.

 

This agreement is made in 2 copies, each party keeps 1 copy with all signatures of both parties.

 

DATE: May 25,2023

 

ONODERA FOOD SERVICE CO., LTD.   ONODERA GROUP CO., LTD.
     
 /s/ KEIICHI YAMAMOTO    /s/ HIROSHI ONODERA
     
Executive Vice President /   President /
     
KEIICHI YAMAMOTO   HIROSHI ONODERA