In consideration of the Lender loaning certain monies (the "Loan") to the Borrower, and the Borrower repaying the Loan to the Lender, both parties agree to keep, perform and fulfil the promises and conditions set out in this Agreement:

1. Loan Amount & Interest
   The Lender has approved a credit support line subject to a maximum of NGN500,000.00 (Five Hundred Thousand Naira Only) to the Borrower and the Borrower promises to repay this principal amount to the Lender, with interest payable on the principal amount at the agreed rate within the agreed tenor of this product, which are same day credit, 24 hours, 48 hours, or a maximum of 1 Week, calculated daily in advance, beginning on the exact date of disbursement.
2. Repayment
   This Loan will be repaid as specified on the application teller from the date of loan disbursement.
3. Default
   Notwithstanding anything to the contrary in this Agreement, if the Borrower defaults in the performance of any obligation under this Agreement, then the Lender may declare the principal amount owing, interest and penalties due under this Agreement at that time to be immediately due and payable. Default rate applies at 2% plus prevailing loan rate, in addition to a daily default rate of N1,000.00 (One Thousand Naira Only).
   
   The Lender has unrestricted right to pursue loan recovery through possession of assets owned by the Borrower where he/she/they fail to satisfy their obligations within the maturity period. The Borrower hereby gives the Lender the right to exchange same assets for monetary value until the facility and its accrued interest is fully paid.
   
   Borrower shall not change place of residence, business address, or phone number provided to the Lender. In the event of any change, the Borrower shall immediately notify the Lender with the new and correct details.
4. Governing Law
   This Agreement will be construed in accordance with and governed by the laws of the Federal Republic of Nigeria.
5. Costs
   The Borrower shall be liable for all costs, expenses, and expenditures incurred including, without limitation, the complete legal costs of the Lender incurred by enforcing this Agreement as a result of any default by the Borrower. Such costs will be added to the principal then outstanding and shall be due and payable by the Borrower to the Lender immediately upon demand.
6. Binding Effect
   This Agreement will pass to the benefit of and be binding upon the respective heirs, executors, administrators, guarantors, successors and permitted assigns of the Borrower and Lender. The Borrower waives presentment for payment, notice of non-payment, protest, and notice of protest.
7. Amendments
   This Agreement may only be amended or modified by a written instrument executed by both the Borrower and the Lender.
8. Severability
   The clauses and paragraphs contained in this Agreement are intended to be read and construed independently of each other. If any term, covenant, condition or provision of this Agreement is held by a court of competent jurisdiction to be invalid, void or unenforceable, it is the parties' intent that such provision be reduced in scope only to the extent necessary to render the provision reasonable and enforceable, and the remainder of the provisions of this Agreement will remain unaffected.
9. General Provisions
   Headings are inserted for the convenience of the parties only and are not to be considered when interpreting this Agreement. Words in the singular mean and include the plural and vice versa. Words in the masculine mean and include the feminine and vice versa.
10. Entire Agreement
    This Agreement constitutes the entire agreement between the parties and there are no further items or provisions, either oral or otherwise.