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Profit Sharing Loan Agreement
"Need a Profit Sharing Loan Agreement for a Singapore-based fintech startup, where we're lending SGD 500,000 with a 15% profit share arrangement, to be disbursed by March 2025. The borrower will need to provide monthly financial reports."
1. Parties: Identification and details of the Lender and Borrower
2. Background: Context of the loan arrangement and relationship between parties
3. Definitions: Key terms used throughout the agreement including profit calculation methodology
4. Loan Amount and Purpose: Specification of the loan amount and its intended use
5. Profit Sharing Mechanism: Details of how profits will be calculated and shared between parties
6. Payment Terms: Terms for repayment of principal and profit shares, including payment schedule
7. Financial Reporting: Requirements for financial statements, profit calculations and reporting obligations
8. Default and Remedies: Events of default, consequences, and available remedies
9. Governing Law: Specification of Singapore law as governing law and jurisdiction
1. Security: Details of any collateral or security arrangements for the loan
2. Guarantees: Terms of any personal or corporate guarantees provided
3. Assignment: Rights and restrictions regarding assignment of the agreement
4. Insurance: Requirements for insurance coverage of business or assets
1. Schedule 1 - Profit Calculation Methodology: Detailed methodology and formulas for calculating profits
2. Schedule 2 - Payment Schedule: Detailed timeline and structure of payments including profit share distributions
3. Schedule 3 - Required Financial Reports: Format and content requirements for periodic financial reporting
4. Schedule 4 - Security Details: Detailed description of any security or collateral provided
5. Schedule 5 - Form of Guarantee: Template form of guarantee to be executed by guarantors if applicable
Authors
Applicable Law
Borrower
Business Day
Commencement Date
Confidential Information
Default Event
Default Interest Rate
Financial Statements
Governing Law
Interest Period
Lender
Loan
Loan Amount
Material Adverse Change
Maturity Date
Parties
Payment Date
Profit
Profit Share
Profit Share Calculation
Profit Share Payment Date
Profit Share Period
Project
Relevant Business
Repayment Schedule
Security
Security Documents
Singapore Dollars
Term
Working Capital
Purpose of Loan
Profit Sharing
Profit Calculation
Repayment Terms
Security
Financial Covenants
Representations and Warranties
Conditions Precedent
Information Rights
Financial Reporting
Default Events
Remedies
Interest
Fees and Expenses
Tax
Confidentiality
Assignment
Notices
Force Majeure
Indemnification
Amendment and Waiver
Severability
Entire Agreement
Counterparts
Third Party Rights
Governing Law
Dispute Resolution
Termination
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