Attached files
| file | filename |
|---|---|
| 8-K/A - FORM 8K/A - T.O ENTERTAINMENT, INC. | toe8kamend3clean.htm |
| EX-99 - EXHIBIT 99.1 - T.O ENTERTAINMENT, INC. | exhibit991clean.htm |
| EX-10 - EXHIBIT 10.2 - T.O ENTERTAINMENT, INC. | exhibit102mizuhobankloanagre.htm |
Loan Agreement,
Tokyo Tomin Bank
Date of Execution
5/26/2011
Borrower: T.O Entertainment, Inc. (Takeichi Honda) Address: 4F Frontier Ebisu, 3-13-11 Higashi, Shibuya, Tokyo 150-0011 Guarantor: Takeichi Honda Address: 2-9-11 Nakagome, Ota, Tokyo 143-0027 |
Clause 1: Loan Outline
The borrower (herein “borrower”) agrees to enter into the following loan agreement with Tokyo Tomin Bank (herein “bank”)
Amount | ¥80,000,000 | Date | 2011/5/26 | |||
Purpose: | Long term operation, cash flow | |||||
Repayment Deadline | 2012/5/26 | |||||
Repayment Method | Initial Payment of ¥666,000 Due 6/30/2011. After Initial Payment, Monthly Fee ¥666,000 due at end of month. Final Payment of ¥746,000 due at end of period | |||||
Interest Rate | 2.00% per year (Calculated at 1 Year = 365 days) | |||||
Interest Payment Period/Method | Initial Interest payment will be dues 6/30/2011. Second payment onward due monthly between month end and the next payment date. | |||||
Penalty Money | If debt is not fulfilled in accordance with this contract, late Payments will incur an additional 14% interest in penalty. | |||||
Settlement Account | Branch Name | Purpose | Acct. Num. | |||
Shibuya Branch | Long Term Operation | 4116726 | ||||
Holidays | Should loan or interest payments fall on a holiday, they will be due the following business day | |||||
T.O. Entertainment, Inc.
/s/ Takeichi Honda
By:
Takeichi Honda
Chief Executive Officer