Agreement to borrow money

DEBT AGREEMENT

On ……., ……., ….  …….. we who sign this letter, below:

………, private employees, addresses on …………, ………. . In this case acting

for and on his own. Hereinafter referred to as First Party;

……….., shop owners, street addresses on …………., …………. . In this case acting for and on his own. Hereinafter referred to as the Second Party;

Both sides are to explain the things as follows:

1.      The Parties to ensure that each party has the authority and legal capacity to bond and do as set forth in this agreement;

2.      That on ………. …., …….., First Party has proposed a loan of Rp. ………. (……………………rupiah) to the Second Party;

3.      On the proposal from Fisrt Party, the Second Party has agreed to lend the cash amount of Rp. ………… (……………. rupiah) to First Party in ………..  ……..;

4.      First Party and Second Party have agreed that the loan payments will be made by First Party due on …   …….  .…...

So this debt agreement made in duplicate with legal stamp, each of which has the same legal force and effective since it is signed by the Parties.

…………….., …   ………,   …….

First Party                                                                                           Second Party

………….                                                                                           ………….

Witnesses

………….                                                                                           ……………