LOAN AGREEMENT

THIS LOAN AGREEMENT (the "Agreement"), entered into as of August 23, 2022, is hereby made by and between the Parties stated below (each a "Party").

WITNESSETH:

WHEREAS, Lender intends to provide, and Borrower intends to receive, a loan upon the terms and conditions hereinafter set forth;

WHEREAS, each Party has full authorization to enter into this Agreement in the capacity in which it is signing; and

NOW THEREFORE, in consideration of the mutual promises made below, the Parties agree as follows:

1. Parties. The Parties to this Agreement are as follows (each a "Borrower" and "Lender," respectively):
   
   BORROWER
   Name: Naresh
   Address: gali no 30 b
   narela, Illinois 110060
   
   LENDER
   Name: Pappu
   Address: begusrai
   bihar, Alaska 110089
   
2. Promise of Repayment. Lender will loan to Borrower, and Borrower promises to repay Lender, a total principal amount of $10,000 USD.
3. Interest. Interest will begin to accrue on August 23, 2022. Interest will be calculated as compound interest on the unpaid principal and unpaid interest amounts and will be paid at a fixed rate of 24% per annum. In no event will interest exceed the maximum amount permitted by law. Any amount collected in excess of the maximum legal rate will be applied to reduce the principal balance. This loan's accrual method will be computed on the basis of a year containing 365 days and the actual number of days elapsed within each month, also known as the "actual/365" method.
4. Payment Terms - Monthly Payments. Payments will first be applied to any outstanding late fees, if any, followed by any generated interest, if any, and lastly to the unpaid principal balance of the loan. Payments will be made according to the following terms:
1. Monthly Payments. A monthly payment of $51,0 will be due on the 2024 Aug day of each month during the term of the contract. The first monthly payment is due August 23, 2022.
2. Term of Contract. The final payment of all outstanding monies owed is due August 31, 2024 (the "Due Date"), and for a contract term of _____________ months.
3. Late Monthly Payments. Payment will be considered late if not paid by the 10 day of the month. Borrower's failure to make a monthly payment on or before the 10 day of the month for whatever reason will be considered an event of default under this Agreement. A late fee of $20 will apply to all late payments unless Lender waives the late fee in a signed writing. No individual waiver will constitute a waiver of any subsequent late fees.
4. Unpaid Principal. Any unpaid portion of the principal still outstanding after the Due Date will accrue at an interest rate of 24% per annum. In no event will interest exceed the maximum amount permitted by law.
5. Method of Payment. Acceptable methods of payment are as follows: Check and Cash.
6. Payment and Notice Addresses. All payments must be delivered to Lender's address stated above or any place or in any other manner as identified under this Agreement or as may be designated from time to time in writing by Lender. Notices will be in writing and delivered in person, sent by facsimile, or sent by reputable overnight delivery service to each Party's respective address stated above or to any place or in any other manner as may be designated from time to time in writing by the Parties.
7. Prepayment. Borrower may prepay monies owed under this Agreement in full or in part at any time. Borrower must pay Lender a prepayment fee of 24% of any portion of the outstanding principal amount owed that is paid before the date when it would normally have been due under this Agreement, but not to exceed the maximum amount allowable under state and federal law. Borrower will also be responsible for paying any cost or expense, including legal costs, incurred by Lender as a result of any such prepayment. All prepayments will first be applied to any outstanding late fees, if any, followed by any generated interest, if any, and lastly to the unpaid principal balance of the loan.
8. Collateral. This is an unsecured agreement.
9. Recourse. THIS AGREEMENT ALLOWS LENDER TO SEEK RECOURSE AGAINST ANY PERSONAL ASSETS OF BORROWER. The personal assets are therefore subject to the payment of this debt.
10. Events of Default. In addition to any other events of default specified herein, the following events, without limitation, will constitute a default:
1. Borrower's failure to pay all monies owed in full on or before the Due Date;
2. Borrower's failure to make a monthly payment on or before the 10 day of the month for whatever reason or failure to pay any other amount owed as it becomes due in accordance herewith;
3. Borrower's failure to cure a breach of this Agreement on or before 30 days after Lender gives Borrower written notice thereof;
4. Any material misrepresentation by Borrower of a fact or promise made in this Agreement or any statement, document, or certification delivered to Lender in accordance herewith;
5. Any withdrawal, revocation, expiration, or termination of a necessary authorization required by any government or other organization in order to execute, perform, and enforce this Agreement;
6. Borrower's filing any voluntary or involuntary petition for relief under the United States Bankruptcy Code; and
7. The death or dissolution of either Party.
11. Acceleration. Should Borrower default under or otherwise breach this Agreement and not cure said default or breach on or before 30 days after Lender gives Borrower written notice thereof, by personal delivery or certified mailing, all principal remaining unpaid and interest accruing thereon will, at the option of Lender, become immediately due and payable to Lender. The date of notice will be the date of delivery or the date of mailing.
12. No Waiver. No delay or failure in giving notice of a default or breach will constitute a waiver of the right of Lender to exercise its right of acceleration or any other right Lender may have hereunder in the event of a subsequent or continuing default or breach.
13. Attorney Fees and Court Costs. In the event of a default or breach under this Agreement, Borrower covenants to pay Lender all collection and/or litigation costs incurred, including reasonable attorney fees and court costs, whether or not a judgment is received and whether or not a lawsuit is filed.
14. Taxes. Borrower covenants to make all payments due hereunder to Lender without setoff or counterclaim and without deducting for taxes or withholdings of any nature whatsoever that may be imposed by any tax or governmental authority. In the event that law or regulation requires Borrower to make such a deduction or withholding from a payment due hereunder, Borrower covenants to increase the amount of such payment to the extent necessary to ensure that Lender receives an amount equal to that which it would receive if no such law or regulation were in effect and to provide Lender with official documentation, to Lender's satisfaction, evidencing Borrower's payment of the deduction or withholding.
15. Borrower Representations and Warranties
1. Borrower represents and warrants that it has the full power and authority to enter into and perform this Agreement according to the terms hereof and has taken, and will take, any and all actions necessary to authorize the execution and performance of this Agreement according to the terms hereof; and
2. Borrower represents and warrants that it has obtained all necessary approvals, licenses, permits, and/or other authorizations required by any government or other organization in order to execute, perform, and enforce this Agreement, that all such authorizations are in effect, and that it will continue to obtain any such authorizations that may become required hereafter.
16. Borrower Covenants
1. Costs and Expenses. Borrower covenants to reimburse Lender for all reasonable out-of-pocket expenses Lender incurs in enforcing this agreement, including reasonable attorney fees and court costs. Additionally, Borrower will pay any stamp or other similar duties and taxes to which this Agreement is subject.
17. Guarantor(s). The following persons or entities are Guarantors (each a "Guarantor") of Borrower's debt, and each Guarantor is separately executing a Guarantee Agreement in reference to this Agreement that guarantees full satisfaction of Borrower's obligations hereunder:
    
    GUARANTOR
    Name: Pawan
    Address: 5
    , Alaska 456778
    
18. General Provisions
1. Governing Law. The Parties agree that the laws of the State of Indiana will govern this Agreement without regard to its conflict-of-law provisions. Any claims or disputes concerning this Agreement will, at the sole election of Lender, be adjudicated in na County.
2. Successors and Assigns. Lender may transfer this Agreement to another holder without notice to Borrower; however, Borrower will not be liable to any assignee for any amounts greater than it would otherwise be liable for under this Agreement. Borrower agrees to remain bound under the terms of this Agreement to any subsequent holder of this Agreement. Borrower covenants and warrants not to assign its rights or obligations under this Agreement without Lender's prior written consent. Each Borrower and Guarantor identified in this Agreement will be jointly and severally liable for the repayment of the debt described herein, and the terms of this Agreement will be equally binding upon and will inure to the benefit of the Parties and their heirs, executors, administrators, successors, and permitted assigns.
3. Entire Agreement. This Agreement constitutes the entire agreement of the Parties and supersedes any and all other prior and contemporaneous agreements and understandings, both written and oral, between the Parties.
4. Amendment. No amendment, modification, termination, or waiver of any provision of this Agreement will be effective unless it is in writing and signed by both Borrower and Lender.
5. Time of Essence. Time is of the essence concerning all provisions contained in this Agreement.
6. Waivers. Borrower hereby waives presentment for payment, demand, protest and notice of dishonor and protest, and all other demands and notices, in connection with the delivery, acceptance, performance, or other enforcement of this Agreement.
7. No Implied Waiver; Cumulative Remedies. Lender's failure to exercise any right or remedy provided in this Agreement will not be construed as a waiver of any future exercise of that right or exercise of any other right or remedy to which Lender may be entitled. No delay or omission on the part of Lender in exercising any right hereunder will operate as a waiver of any other right under this Agreement. No right conferred upon Lender by this Agreement will be exclusive of any other right referred to herein or now or hereafter available at law, in equity, by statute or otherwise, and all remedies will be cumulative and not in the alternative.
8. Severability. If any provision of this Agreement is held by a court of law to be illegal, invalid, or unenforceable, then that provision will be deemed amended to achieve as nearly as possible the same economic effect as the original provision, and the legality, validity, and enforceability of the remaining provisions of this Agreement will not be affected or impaired thereby.
9. Headings. The headings used in this Agreement are provided for convenience only and will not be used in construing the meaning or intent of the corresponding provisions.
10. Counterparts. This Agreement may be executed in any number of counterparts, including by facsimile transmission or by e-mail delivery, each of which when executed and delivered shall constitute an original of this Agreement, but all the counterparts shall together constitute the same agreement. No counterpart shall be effective until each Party has executed at least one counterpart.

IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date affixed to each signature.

Borrower

Signed: _______________________________ Date: ________________

Print: Naresh

Title: ________________________________

Lender

Signed: _______________________________ Date: ________________

Print: Pappu

Title: ________________________________

Witness

Signed: _____________________________ Date: ________________

Print: ______________________________

Address of Witness: _____________________________

_______________________________________

_______________________________________

GUARANTEE AGREEMENT

THIS GUARANTEE AGREEMENT (the "Guarantee Agreement"), effective as of August 23, 2022, is hereby made by and between each Guarantor and Lender stated below (each a "Guarantor" and "Lender," respectively, and each a "Party") in reference to a certain Loan Agreement (the "Loan Agreement") entered into as of August 23, 2022 in the total principal amount of $10,000 USD by and between each Lender and Borrower (each a "Borrower") stated below.

WITNESSETH:

WHEREAS, Lender intends to provide, and Borrower intends to receive, a loan upon the terms and conditions set forth in the Loan Agreement;

WHEREAS, Guarantor intends to guarantee, and Lender intends to receive such assurances pertaining to, the loan made by Lender to Borrower upon the terms and conditions set forth in the Loan Agreement;

WHEREAS, each Party has full authorization to enter into this Guarantee Agreement in the capacity in which it is signing; and

NOW THEREFORE, in consideration of the mutual promises made below, the Parties agree as follows:

1. Parties. The Parties to this Agreement are as follows:
   
   GUARANTOR
   Name: Pawan
   Address: 5
   , Alaska 456778
   
   LENDER
   Name: Pappu
   Address: begusrai
   bihar, Alaska 110089
   
2. Borrower(s). Each Borrower to the Loan Agreement is identified as follows:
   
   BORROWER
   Name: Naresh
   Address: gali no 30 b
   narela, Illinois 110060
   
3. Promise to Pay. FOR VALUE RECEIVED, and to induce Lender to make the loan to Borrower upon the terms and conditions in the Loan Agreement, in the event that Borrower is unable to pay any amount due or that may become due under the Loan Agreement, Guarantor unconditionally promises to pay Lender the total principal amount of $10,000 USD and any and all other monies due or that may become due thereunder, whether absolute or contingent.
4. Continuing Obligation. Guarantor agrees that its obligations under this Guarantee Agreement may not be revoked and will continue and remain in effect until such time that Lender receives all monies and debts owed under the Loan Agreement. Guarantor agrees to remain liable for any deficiency that remains after repossession, or foreclosure and sale, of any collateral regardless of whether or not Borrower's debt is legally discharged. Guarantor's obligations herein will continue despite Borrower's insolvency, reorganization, or legal discharge of all or part of Borrower's debt in bankruptcy.
5. Independent Obligation. Guarantor agrees that its obligation to pay under this Guarantee Agreement is independent of any other person's or entity's obligation to pay Borrower's debt on the same loan, including any obligation of Borrower or another guarantor. Without notice to Guarantor, Lender may release the Borrower or any other person or entity obligated to pay Borrower's debt; impair or fail to perfect any security interest in loan collateral; secure additional loan collateral; add additional guarantors; and renew, extend, modify, or refinance Borrower's obligation on any terms agreed upon between Lender and Borrower—including, without limitation, modifying the interest rate or payment terms—without affecting Guarantor's obligation hereunder. Guarantor agrees not to exercise any right of subrogation, contribution, or reimbursement against another person or entity liable for Borrower's debt, or make a claim to any loan collateral, until such time as Lender has received full satisfaction of Borrower's debt.
6. Remedies. In the event Guarantor breaches any provision of this Guarantee Agreement, Lender may choose to make Borrower's debt immediately due and payable in addition to enforcing any other rights Lender may have under state or federal law. In the event of Guarantor's death, incompetence, or insolvency, Lender may choose to make Borrower's debt immediately due and payable.
7. General Provisions
1. Governing Law. The Parties agree that the laws of the State of Indiana will govern this Guarantee Agreement without regards to its conflict-of-law provisions. Any claims or disputes concerning this Guarantee Agreement will, at the sole election of Lender, be adjudicated in na County.
2. Successors and Assigns. Lender may transfer this Guarantee Agreement to another holder without notice to Guarantor; however, Guarantor will not be liable to any assignee for any amounts greater than it would otherwise be liable for under this Guarantee Agreement. Guarantor agrees to remain bound under the terms of this Guarantee Agreement to any subsequent holder of this Guarantee Agreement. Guarantor covenants and warrants not to assign its rights or obligations under this Guarantee Agreement without Lender's prior written consent. The terms of this Guarantee Agreement are binding upon and will inure to the benefit of the Parties and their heirs, executors, administrators, successors, and permitted assigns.
3. Entire Agreement. This Guarantee Agreement constitutes the entire agreement of the Parties and supersedes any and all other prior and contemporaneous agreements and understandings, both written and oral, between the Parties.
4. Amendment. No amendment, modification, termination, or waiver of any provision of this Guarantee Agreement will be effective unless it is in writing and signed by both Guarantor and Lender.
5. Time of Essence. Time is of the essence concerning all provisions contained in this Guarantee Agreement.
6. Waivers. Guarantor hereby waives presentment for payment, demand, protest and notice of dishonor and protest, and all other demands and notices, in connection with the delivery, acceptance, performance, or other enforcement of this Guarantee Agreement. Guarantor also waives, to the extent permitted by law, any right held by a third party to require Lender to first pursue payment or other remedy from another person or entity as well as all defenses and claims that Borrower may assert except for full satisfaction of the debt.
7. No Implied Waiver; Cumulative Remedies. Lender's failure to exercise any right or remedy provided in this Guarantee Agreement or any other agreement imposing liability on another for Borrower's debt will not be construed as a waiver of any future exercise of that right or exercise of any other right or remedy to which Lender may be entitled. No delay or omission on the part of Lender in exercising any right hereunder will operate as a waiver of any other right under this Guarantee Agreement. No right conferred upon Lender by this Guarantee Agreement will be exclusive of any other right referred to herein or now or hereafter available at law, in equity, by statute, or otherwise, and all remedies will be cumulative and not in the alternative.
8. Severability. If any provision of this Guarantee Agreement is held by a court of law to be illegal, invalid or unenforceable, then that provision will be deemed amended to achieve as nearly as possible the same economic effect as the original provision, and the legality, validity, and enforceability of the remaining provisions of this Guarantee Agreement will not be affected or impaired thereby.

IN WITNESS WHEREOF, the Parties have executed this Guarantee Agreement as of the date affixed to each signature.

Guarantor

Signed: _______________________________ Date: ________________

Print: Pawan

Title: ________________________________

Lender

Signed: _______________________________ Date: ________________

Print: Pappu

Title: ________________________________

Witness

Signed: _____________________________ Date: ________________

Print: ______________________________

Address of Witness: _____________________________

_______________________________________

_______________________________________