EmployeeLoanAgreement贷款协定doc.docx

EmployeeLoanAgreement贷款协定doc.docx

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EmployeeLoanAgreement贷款协定doc

EmployeeLoanAgreement贷款合同-

EXHIBITA

FORMOFPROMISSORYNOTE

PROMISSORYNOTE

SECUREDBYDEEDOFTRUST

（HOUSINGRELOCATIONLOAN-I.R.C.Section1.7872-5-（T））

_________,_________,_________（M,D,Y）

$,_________

_________（Placename）

1.FORVALUERECEIVED,theundersigned,BBB（Employee）andCCC,husbandandwife（jointlyandseverally,Borrowers）,promisetopaytotheorderofAAACORPORATION,a_________（Placename）corporation（Lender）,at_________（Address）（oratsuchotherplaceasLendermayfromtimetotimedesignatebywrittennoticetoBorrowers）,inlawfulmoneyoftheUnitedStates,theprincipalsumof_________（$,_________）,togetherwithinterestthereonattherateoffourandninety-four-hundredthspercent（4.94%）perannum.

2.PAYMENT:

TheprincipalandinterestduepursuanttothisNoteshallbepaidasfollows:

A.UpontheoccurrenceofaMaturityEvent（asdefinedherein）,BorrowersshallpaytoLenderallamountsdueunderthisNote,includingallunpaidprincipalandallaccruedbutunpaidinterestontheprincipalamounthereof.

B.SubjecttoSection3below,theentireoutstandingprincipalbalanceofthisNote,plusanyaccrued,butunpaidinterestthereon,andanyothersumduehereundershallbedueandpayableinfullonorbeforethefourth（4th）anniversarydateofthisNote.Notwithstandingtheforegoing,ifEmployee’semploymentwithLenderisterminatedbyLender,withorwithoutcause,theninterestonthisNoteshallbecomedueandpayableinarrearsonDecember31stoftheyearfollowingtheyearinwhichtheterminationbecameeffective,andoneachyearthereafteruntilthefourth（4th）anniversarydateofthisNote,whenallaccruedbutunpaidinterestshallbepayable.（Forexample,ifLenderterminatesEmployee’semploymenteffective_________,_________,_________（M,D,Y）,thenallaccruedinterestshallbecomedueandpayableon_________,_________,_________（M,D,Y）andoneachsubsequentDecember31stuntilthematuritydateofthisNote.）

C.PrincipalandinterestshallbepayableinlawfulmoneyoftheUnitedStates.Interestshallbecalculatedonthebasisofa360-dayyearconsistingoftwelve（12）months,eachofthirty（30）days,andshallcompoundannually.Eachpaymentshallbeappliedfirsttoaccruedinterest,thentoanyotheramounts（otherthanprincipal）payablehereunderasdesignatedbyLender,andthentoreduceprincipal.

D.AllpaymentsmadehereundershallbemadebyBorrowersfreeandclearof,andwithoutdeductionfor,anyandallpresentandfuturetaxes,levies,charges,deductionsandwithholdings.Borrowersshallpayupondemandanystamporothertaxes,leviesorchargesofanyjurisdictionwithrespecttotheexecution,delivery,performanceandenforcementofthisNote.

3.SECURITY:

ThisNoteissecuredbythatcertainDeedofTrust（theDeedofTrust）ofevendateherewithmadebyBorrowers,astrustor,toFirstAmericanLandTitleInsuranceCompany,astrustee,forthebenefitofLender,asbeneficiary,whichshallberecordedintheOfficialRecordsof_________（Address）,encumberingcertainrealpropertycommonlyknownas17AcornLanein_________（Address）（theProperty）,describedwithparticularityintheDeedofTrust,whichBorrowersintendtooccupyastheirprincipalplaceofresidence.TheDeedofTrustprovides,amongotherthings,asfollows:

IftheTrustors（hereintheBorrowers）shallsell,convey,encumber,grantanylienupon,orotherwisealienatetheProperty,oranypartthereof,oranyinteresttherein,orshallbedivestedoftheirrespectivetitleoranyinterestthereininanymannerorway,whethervoluntarilyorinvoluntarily,withoutthewrittenconsentoftheBeneficiary（hereintheLender）beingfirsthadandobtained,Beneficiaryshallhavetheright,atitsoption,exceptasprohibitedbylaw,todeclareanyindebtednessorobligationssecuredhereby（including,withoutlimitation,theNote）,irrespectiveofthematuritydatespecifiedtherein,immediatelydueandpayable.

4.MATURITYEVENT:

UpontheoccurrenceofaMaturityEvent（ashereinafterdefined）,theentireunpaidprincipalbalance,togetherwithallaccruedbutunpaidinterestthereon,andallothersumsduehereunder,shallbecomeimmediatelydueandpayablewithoutfurtherdemandornoticetoBorrowers.Totheextentpermittedbylaw,anyofthefollowingeventsshallbeaMaturityEventunderthisNoteandtheDeedofTrust:

A.BorrowersshallfailtopayanyamountoftheprincipalorinterestonthisNotewhendueandshallfailtocuresuchnon-paymentwithinten（10）daysfollowingwrittennoticeofsuchdelinquency.

B.ThereshalloccurabreachordefaultintheperformanceofanyobligationofBorrowerscontainedinthisNote,theDeedofTrust,theEmployeeLoanAgreementexecutedconcurrentlyherewith（theLoanDocuments）,oranyotheragreementnoworhereafterenteredintobyeitheroftheBorrowers,ontheonehand,andtheCompany,ontheotherhand,withrespecttotheProperty.

C.ThereshalloccurabreachordefaultintheperformanceofanyobligationofBorrowersinanyotherdeedoftrustorothersecurityinstrument（whethersuperiororsubordinateinrightstotheDeedofTrust）noworhereafterencumberingtheProperty.

D.Borrowersshallsell,convey,encumber,grantanylienupon,orotherwisealienatetheProperty,oranypartthereof,oranyinteresttherein,orshallbedivestedoftheirtitleoranyinterestthereininanymannerorway,whethervoluntarilyorinvoluntarily,withoutthewrittenconsentoftheLenderbeingfirsthadandobtained.

E.Borrowers（i）admitinwritingtheirinabilitytopaydebts,（ii）makeanassignmentforthebenefitofcreditors,（iii）fileavoluntarypetitioninbankruptcy,effectaplanorotherarrangementwithcreditors,liquidatetheirassetsunderarrangementwithcreditors,orliquidatetheirassetsundercourtsupervision,（iv）haveaninvoluntarypetitioninbankruptcyfiledagainstthemthatisnotdischargedwithinsixty（60）daysaftersuchpetitionisfiled,or（v）applyfororpermittheappointmentofareceiverortrusteeorcustodianforanyoftheirpropertyorassetswhichshallnothavebeendischargedwithinsixty（60）daysafterthedateofappointment.

F.Theoccurrenceofthefourth（4th）anniversaryofthedateofthisNote.

G.Theoccurrenceoftheninetieth（90th）dayfollowingtheterminationbyEmployeeofhisemploymentwithLenderforanyreason（otherthanLender’sterminationofsuchemployment,withorwithoutcause,ordeath）.

H.AnyrepresentationorwarrantyofBorrowerscontainedhereinorinanycertificateoragreemententeredintobetweenBorrowersforthebenefitofLenderinconnectionherewithshallprovetobefalseormisleadinginanymaterialrespect.

I.TheDeedofTrustisnotrecordedagainstthePropertyattheclosingofthepurchasebyBorrowersofthePropertyoratanytimeceasestobeavalidfirstprioritylienontheProperty.

J.AnylienorothermonetaryencumbranceisimposedagainsttheProperty;provided,however,thatintheeventthatalienormonetaryencumbranceisimposedagainstthePropertywithouttheconsentofanyBorrowers,aMaturityEventshallnotoccuruntilthelienorothermonetaryencumbranceisimposedagainstthePropertyforaperiodofatleastthirty（30）days.

K.One

（1）yearfollowingthedeathoftheEmployee.

L.Borrowersdefaultintheirobligationtopayanysumortoperformanyobligation,whichissecuredbyadeedoftrust,mortgage,lien,orotherencumbranceontheProperty（otherthantheDeedofTrust）.

5.LATECHARGE:

BecausetheactualdamagetoLenderresultingfromanydefaultbyBorrowersinthepaymentofanyinstallmentofprincipaland/orinterestwhendueisimpracticalandextremelydifficulttoascertain,inadditiontoitsotherrightsandremedies,Lendershallbeentitledtorecoversixpercent（6%）oftheamountofanysuchdelinquentinstallmentasliquidateddamages,ifBorrowersfailtopayanyinstallmentwithinten（10）daysafterBorrowersreceivewrittennoticefromLenderoftheamountdueandowing.

6.BORROWERS’REPRESENTATIONS:

BorrowersherebymakethefollowingrepresentationsandwarrantiestotheLenderandacknowledgethatLenderisrelyingonsuchrepresentationsinmakingtheloan:

A.BorrowersshallhavegoodandmarketabletitletothePropertyfreeandclearofanysecurityinterests,liensorencumbrancesotherthantheDeedofTrustinfavorofLendersecuringthisNote;

B.TheconsentofnootherpersonorentityisrequiredtogranttoLenderthesecurityinterestinthePropertyevidencedbytheDeedofTrust;

C.Therearenoactions,proceedings,claims,ordisputespendingor,totheBorrowers’knowledge,threatenedagainstoraffectingtheBorrowersortheProperty.

7.BORROWERS’ADDITIONALOBLIGATIONS:

BorrowersshalltakeanyandallfurtheractionsthatmayfromtimetotimeberequiredtoensurethattheDeedofTrustcreatesavalidfirstprioritylienonthePropertyinfavoroftheLenderassecurityfortheNote.BorrowersshallnotfurtherencumberthePropertyorpermitanylientoencumbertheProperty.UponrequestbyLender,butnotmorefrequentlythanonceduringanycalendaryear,BorrowersshallfurnishevidencereasonablysatisfactorytotheLenderthat:

（i）BorrowershavegoodandmarketabletitletotheProperty;（ii）theconsentofnootherpersonorentityisrequiredtograntafirstprioritysecurityinterestinthePropertytotheCompany;（iii）theDeedofTrustisafirstprioritysecurityinterestintheProperty,and（iv）therearenootherdeedsoftrust,mortgagesorencumbrancesagainsttheProperty.Ifitshouldbehereafterdeterminedthatthereare