Demand Loan Agreement

This Demand Loan Agreement ("Agreement") is made as of , by and between:

1. Loan Amount and Disbursement

The Lender hereby agrees to loan the Borrower the principal amount of ("Loan"), the receipt of which is hereby acknowledged by the Borrower.

2. Interest

The Loan shall bear interest at a rate of per annum, calculated .

3. Repayment

The entire outstanding principal and accrued interest shall be payable on demand by the Lender. The Borrower may prepay the Loan in full or in part at any time without penalty.

4. Use of Funds

The Borrower agrees to use the Loan for the following purpose:

5. Default

If the Borrower fails to pay any amount due under this Agreement upon demand, the entire unpaid balance shall become immediately due and payable.

6. Governing Law

This Agreement shall be governed by the laws of .

7. Miscellaneous

• This Agreement constitutes the entire agreement between the parties.
• Any amendment to this Agreement must be in writing and signed by both parties.
• If any provision of this Agreement is held invalid, the remainder shall continue in effect.