Loan Agreement, dated February 19, 2024, between Sushi Ginza Onodera, Inc. and Onodera Group

Contract Categories: Business Finance - Loan Agreements
EX-10.22 7 ex10-24.htm

 

Exhibit 10.24

 

LOAN AGREEMENT

 

Between

 

 

SUSHI GINZA ONODERA, INC.

 

(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

 

SUSHI GINZA ONODERA, INC. (Borrower)

Address : 609 N LA CIENEGA BLVD W HOLLYWOOD, CA 90069

EIN code: 93 ###-###-####

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: 8010001179437

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 JPY100,000,000 (One hundred million Japanese Yen).
1.2.Type of currency: JPY (Japanese Yen)
1.3.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 year 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 Citi Bank New York Branch
Address 660 Fifth Avenue New York, NY 10103
Account number  
SWIFT/BIC CITIUS33
Account name SUSHI GINZA ONODERA, INC.

 

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.

 

In witness whereof, this Agreement has been prepared in one original, and Borrower shall retain the original and Lender shall retain a copy thereof.

 

DATE: 2/19/2024    
     
SUSHI GINZA ONODERA, INC.   ONODERA GROUP CO., LTD.
     
/s/ KEIICHI YAMAMOTO   /s/ HIROSHI ONODERA
Executive Vice President /   President /
KEIICHI YAMAMOTO   HIROSHI ONODERA