WHEREAS the parties have agreed that, upon and subjectto the terms and conditions contained herein, the Lender will advance by way of loan to the Borrower and the Borrower will borrow the sum of Nine million, United States Dollars, $ 9,000,000.00 USD for a repayment duration period of Ten, 10 years with a grace period of One, 1year. NOW THEREFORE THIS AGREEMENT WITNESSES that, in consideration of the mutual covenants and agreements contained herein and other good and valuable consideration, the receiptand sufficiency of which are hereby acknowledged by each of the parties hereto, the parties hereto hereby covenant and agree as follows:
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