THIS STOCK LOAN AGREEMENT is entered into on 25 November 2024

Between

(1)            PARTY_1_NAME whose principal place of business is at PARTY_1_ADDRESS_SINGLE_LINE (the Lender)

(2)            PARTY_2_NAME whose principal place of business is at PARTY_2_ADDRESS_SINGLE_LINE (the Borrower)

Whereas

The Lender is desirous of lending stock and the Borrower is desirous of borrowing stock and they have agreed to enter into stock borrowing and lending transactions subject to the terms and conditions of this agreement.

It is agreed as follows:

1.  Interpretation

1.1 In this Agreement, unless the context otherwise requires the following expressions shall have the following meanings:

"Business Day" shall mean any day recognised as a trading day by the Exchange in JURISDICTION_STATE.

"Clearing House" shall mean CLEARING.

"Collateral" shall mean:-

(a) cash in such currency as may be agreed, represented by a certified cheque or bank draft payable to the order of the Lender or its nominee as the Lender designates or by the debiting the Borrower's cash account and crediting the Lender's cash account at the Clearing House;

(b) stock acceptable to the Lender as represented by certificates [or credit to the Lender's account at the Exchange / Clearing House together with duly executed stock transfer forms and such other documents to enable the Lender to obtain full right title and interest in such stock, the market value of which is to be determined in the same manner as "Loaned Stock";

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