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This is a Directors Loan Agreement. It can also be used as a template shareholder loan agreement.
This template can be used when the company is lending money to the director/shareholder and when the company is borrowing money from the director/shareholder.
This document should be read carefully by the borrower and lender.
Both the borrower and lender should sign and return a copy, and once signed, both parties should get a copy. To avoid any future disputes, both parties may wish to have their signatures witnessed.
If either party wishes to amend the agreement in the future, both parties should agree to do, and the original agreement and amendments should be recorded in writing and signed by both parties.